 So I don't have to keep walking around this. If you are a sugar mama, help me retire. So I don't have to walk around the pond every Tuesday. No, I'm just joking. Not really, but a couple of action items, guys. What's going on, Alex? What do we have here? It feels like I haven't been doing IG live for forever, but it's only been a week. It's so crazy. We are building sugar mamas at MIC. Faye is one of them. Faye is doing better than most of us nowadays. We are now borrowing money from Faye to do the marketing. So thanks, Faye. Faye now owns a bunch of dilutive shares. You can find on BAM SEC, you look up at filings. I think we have an S3 coming out with Faye. So yesterday, yeah, we announced the map. What a map is, is a member appreciation program. So we started this, oh my God, when MIC was born. And so when MIC was born, the whole idea about MIC's community-based, right? Members helping members. So it's not just me and Alex and Tosh and whoever else, like pumping alerts and stuff like that. The whole intent is to have a community where we want to become a self-sufficient trader. And so part of that, we want to recognize members who are, we just want to recognize members and say thank you. Just because you have not been nominated doesn't mean that we don't see that. You may be nominated next time. So this is all based upon peers nominating you and stuff. So, you know, we have a bunch of people at 20-something. So this is our seventh, seven guys. That's how consistent we are. So our whole MIC, the way we trade, the way we do IG lies has been very consistent, seven. So around every quarter or so, we do this map. Even with, so we did like a few of this, we did two this year already during COVID too, right? So this is our seventh, guys, seven. So this very cool shirt, guys, has a MIC and has your name on it and stuff. So the guys in the room know, but anyways. So that's what we did yesterday. So thank you. And I mean, it's cool, man. There's an after hours channel. That's where most of these nominations come from. Because members helping members in the after hours channel. 24 hours, people get bored. They want to socialize, be friends and learn 24 hours a day. So Lurian doesn't stop when the market ends. Lurian doesn't stop when Alex and Bal leaves the chat room. There are freaking 1600 member plus, you know, they're around. So make friends, part of the tab program, things like that. So first of all, is JJ here? I wanna know if JJ's here, but I'm gonna start the IG live, guys. So I guess everyone's here. So who's here was, got the map this year. Just, just hop in MAP. I'm MAP. Not to be confused with WAP. That's a totally different chat room, guys. This is the MAP, not the WAP. If you don't know what a WAP is, good. You should not Google that shit. There we go. Hey, how old are you, Aiden? Aiden Garcia. I think he's still in high school. I think he's the youngest map recipient. And how amazing is that, man? You know, if you turn the W, if the M turns upside down, that's a WAP. I mean, I'm dyslexic, so, right? Anyways, so that's pretty cool, guys. I mean, so I appreciate everybody that's helping. So, I mean, they show up, I mean, religiously to help other members. So thank you, guys. All right, so, they're not so happy just walking around with Alex has been, you know, maybe we should do it every other week. You know, people starting to appreciate more that we don't have these less often, because when we give away so much stuff, guys, people stop to appreciate. So, part of that I wanna do real quick, okay? I'm gonna do this real quick because I wanna save time for JJ. I hope he's around. If you see JJ, let me know. But I'm gonna jump right into it to make it quick so that there's more time for his segment. What I wanna talk about today is this. How to become consistently profitable trader. Everybody starts out being inconsistent. So this is a usual progression of a day trader. They start out, a lot of times, there's two types of traders that start out. One just loses straight from the beginning. There's just no hope for them, right? There's just no hope either because they're gambling, whatever. And then there's the other side. And this is the more dangerous guy. The more dangerous type of person someone that has early success. So that they think they know everything. They just started trading, also they started making money. You know, it's just like playing poker. You can be a fish, chase everything and get lucky on the river and beat professional poker players. Does that mean that you are a good player? You may have won that game, but over time you would have lost all your money back to the professional trader. But if you have early success in whatever you do, you may start to think that you are good, that you don't need training, that you know everything about trading, about poker, about anything you do. Those are the most dangerous type of people for yourself because what's gonna happen is this, you're not gonna admit that you don't know about the topic you're doing because you had early success. So you go in there and you're like, dude, I'm a good trader, man, look at this. So I have arguments online. Oh, I just started trading, but look at my results. Dude, I doubled my fucking account in a week. Oh, good for you. I mean, you got fucking lucky. I don't care what it is, but over time, if you don't know what you're doing, you can bleed back that. But then what happens is this? They get, eventually they'll bleed it back. I mean, that's just a fact, okay? Eventually they'll bleed it back because unless you learn risk management, all these things, you will slowly bleed it back. And it becomes very dangerous. And then you start putting more money into the market. Pretty soon you leverage your house, whatever the hell you may be, right? And so we don't want you to become that kind of trader. And I'm gonna tell you the secret. One of the secrets becoming a consistently profitable trader from being inconsistent is being humble. Being humble enables you to listen, to realize that you don't know as much as you think you know. To be honest, the more I learn about any topic, the less I know. Because every time I learn something, it poses new questions. And then I'm like, dude, I gotta go figure it out. So pretty soon you have like a spider web. You know, one question leads to, when one answer, sorry, one answer leads to five different questions. Because when you just start trading, you really do not know what you do not know. You don't know what to ask for, right? And so the secret to be starting with, just to humble yourself. Because when you open your mind, I'm still learning every day, guys. I mean, I didn't want to fucking leave today. Alex and Tosh was like, get the fuck off of the screen now. Go do your IG live. Because I was up today. I was up nice today. And I was like, dude, I'm not done trading. That stock is, you know, I've done trading when I'm either at the market ends or I lose all my money, right? That's a lot of the trader's mentality, right? I'm like, I'm up so much, whatever. I have cushion. I'm gonna keep on trading. Either tell triple my money, because it's never satisfying. You triple your money, you want to quadruple your money. And so at some point, you will bleed back on your money. That's called over-trading. And it happens to everybody, including me. When I'm up, the most dangerous time is when I'm up too much, too quickly. Like the market just opens. Within five minutes, I'm up 8,000. What the hell it may be, right? And I'm like, dude, what the hell? So then you stick around, you stick around and then you start slowly bleeding it all back. So the step is this. So people used to say, take what the market gives you. The reality is take what your process gives you. So M.I.C. was the first to start talking about process. People laughed about process, all that. We basically talk process, I mean, every time we take on this process, process. And now everyone is doing process. The reason why you need process is this. You need a repeatable system that you can walk in to the day trading market and pull out money on a consistent level. Because what happens is this, man, a lot of people treat day trading as gambling. And so that is the flaw to begin with. When I first started trading, I thought it was random. Everything was gambling and I was just purely gambling. And that's why a lot of these new traders, they double their account really quickly because they go all in and they, you know, sometimes like, you know, we're smart traders, smart. We sell way too early. Because I'm like, shit, I know too much. I know there's a fucking filing out there with 50 million ATM at the market selling, right? Dilution. I know that, dude, this is a huge resistance. I'm like, dude, I'm not gonna hold to day three. But then a lot of these guys, they don't know. So they hold like for a week. They hold down 50%. They're down 50% and then all of a sudden they wake up and then boom, news comes out and they're bailed and like, dude, I'm hella good, you know? So making money guys, one off money. Does not mean you're a good trader because you know what, man? You can walk into the casino, put all your money on by hand of Blackjack, hit on a 18, you have an 18 and you hit a three and you think you're good. Whereas the book says to stay at 18. You know, I see some people do crazy stuff like they have a, they have a freaking six and they double up, double down. I'm like, you have a six, bro. And they win for the dealer bus. And so the next car they draw is like a three. So they have like nine and a dealer bus. And then I do, they want a lot of money. Does that mean they're good? No. So the key is to have a repeal process guys. And how do you do that? That is what is the key here, okay? The first is to recognize that it's not random. Trading is not random. It was random. Alex and I would not be making money every day. Not going to win. I don't want to jinx myself, but fuck. It's been a while so we had a red day, right? But not going to win, I don't want to say shit. Sorry. But it's true. It's not random. It's not random. You know, if you have a repeatable process, you go in, you make money, you leave. It's such as, I'll give you an example. If you only bet when you have 20 on blackjack showing, it's very rare you lose. Of course the blackjack dealer will get blackjack and get 21, you lose. But what's off of that, right? You have a 90% chance of winning. And so of course you have the outliers. Days that you lose. It's just an act of life. But the difference is this, risk management. I know that I can get beat. 20 can get beat with 21. And that happens all the time. How many times do you have 20 on a blackjack table? The deal flips out of 21 and I, oh my God, what the hell? You know, and then actually you're all in. So you imagine if you work for an entire month, a year, building your account slowly, trading the correct way, and then you decide what the hell, man, I'm stupid. I should have went in every time because they worked every time. I've been trading for a freaking six months and I've been making money. Why am I so chicken and not going all in every time? Because you know what? That one time that you, the one time you get greedy, Murphy's Law, right? That's the one time you lose all your money. They call that a black swan in trading. But a black swan happens all the time. I'm walking around the pond, I see black swans every day. This is November. You see black swans all the time. APVO, dude went from like 18 to $80. You turn around, you go to the bathroom, you come back, dude, you've been APVOed. You know, you get screwed. And imagine if you're in one of those situations where you have no risk control and you make your money every freaking day, you can say what the hell you want to say. All it takes is one to kill you. Same thing with wearing a seatbelt, guys. Wearing a seatbelt, I don't want to jinx it, but how many times have you guys crashed? Not often, right? But that one time you crash, that seatbelt, that airbag will save your life. And that's all we're saying about risk management, okay? So there are a couple of things. Okay, first of all, it's humble yourself. Create a repeatable process based around risk management. More importantly is this. More importantly is this, guys. When you start trading, you really don't know what to study. You think, when I started trading, my charts were filled with a ton of indicators, all sorts of crazy ass indicators. I think it would be the holy grail. Like, oh my God, dude, I just learned this new indicator. It's gonna make me hell of money. Nowadays, my chart is very basic, okay? I do the same thing every day. It's pretty much fucking routinely boring. Today was kind of boring because it's like, dude, it's the same shit. Like, Alex is watching a CBAT, boom, 950 line, scale in, boom, scale out, down to 870, boom, done. You know, you saw my chart, the same boring stuff every single day. But you know what? That's work, right? To make money, you don't want to be exciting. And so what strategy should we, you learn? So you can learn on your own, guys. And this is where the stupidity comes in, because Alex and I, we all did the same thing. We started, it took us years learning on our own. Figure about works, what doesn't work, and we're losing hell of money. Time and frustration. So that's why we're holding these IG lives all the time, guys, so that you don't have to see that. You see that this shit works. Why the hell are you trying all this stupid crap? You know? It's up to you. If you want to save $200 and then lose $20,000 and then three years of your life. So the secret is this, to turn from an inconsistent to a consistent, is to get mentored. Simple as that. If you want to learn any profession in life, what makes you think it's different from trading? If I want to become a doctor, you think I'm gonna go and operate randomly on strangers until I figure out how, where the heart is? No, I'm reading books. But more importantly, I'm getting mentored by a doctor. Because there's only so much you can read on Google and Wikipedia. So I don't understand why people are doing this shit on their own. The best, the secret, the shortcut to success. If there is any shortcut, okay? There's no shortcuts to life. But if you had to have a shortcut, it is mentorship. Mentorship is the shortcut to success, guys. That's the only way out. Because what happens is this is experienced. What you're paying for is not necessary education. You're paying for knowledge, wisdom and experience for someone who's been there. Okay? So the moment, so if JJ's here, I'm gonna bring him on because this is a very good segue. I'll give you another example today. Man, I was up like over 7,000 within like 30 minutes, right? So I'm sitting there, fuck. I'm like, I'm straight up horny for a play, guys. I was just so much shit, dude. I know I gotta end this at 1030 because Alex kicked my butt. And so sometimes I get too eager and then I start losing money back. So I'm entering stuff and just, you know? Because I'm like, dude, I don't care about up 7,000. You know, it's just the thrill of it sometimes, you know, for some people, right? And so that gets very dangerous. And so having a tab, that's another secret. Having a trading accountability buddy helps you because Alex is snapping me. Shut up, out, get out, you know? So he told me yesterday about I'm not gonna fucking let you do this stupid stuff again, you know? So having that kind of discipline by your peer, call a tab, helps tremendously, okay? And so if I follow the process, guys, I'm not joking. If I follow the process, I am rarely down, ever, ever, rarely down. Because the process keeps me, because the process works. Process is based upon proven winning strategies. How do you know what a winning strategy is? You wouldn't, unless a mentor told you that this shit works, because he's been doing it for 10 years. And he had the track record to prove it. I hardly ever lose. Look at Alex and I, we hardly ever lose. The only time we lose is when days are slow and we're like so bored, we're trying to force a trade. Every time we try to deviate and force something, we lose. Boredom is the main reason. Boredom and greed is the main reason I lose. If I follow the process, I hardly ever lose. And if I lose, it's very small. Cause I stopped out, I have risk management. I post it in the room all the time. So I'm telling you, man, the secret guy to being a consistently profitable trader is to get mentored and work as a team. Why do you think Wall Street trades in a trading pit? They're not guys at home. The guys at Goldman Sachs are all in the fucking pit together. They're screaming out, they're helping each other, right? And you don't have to have more than one tab like Tom says, right? You can have multiple tab groups. Cause each person is gonna contribute a better thing. I'll give you a, for example, I'm a great technician, meaning I'm a very technical guy. My entries are fucking spot on. The problem I have is I might be a pussy. I cover too soon. So maybe a goal, maybe a strength from another tab is to say, hey man, just let it go. Mr. Control Freak, it's okay. It's okay. Or filings. I'm not very good at filings. So other people are good at filings. Alex is better than I am. So he tells me, hey, this thing has possible dilution. You know, so you have a tab group that can make up for your deficiencies. And this is huge. I'm telling you, this is huge. Because you know what? One human being cannot learn everything in life. Cause I, you know, your personality is very important. I'm a mathematician. I do, you see my entries are fucking spot on. I, all these years I lack filings. That's why I take my money off quickly. Cause I really don't understand the filings up until this year. You know, cause I don't need to. I'm making too much money just being technical. But imagine if I understood that how much more I can make. So you're always constantly learning guys. And so I'm gonna let JJ, here, raise your hand JJ. I'm gonna put you in because JJ is a very, JJ is like all of us. We've been there. I've seen JJ struggle from the beginning just like I struggled. And then one day I turn around and he's like, holy crap, he is so disciplined, adheres to the system process. I'm like, I'm looking over. He's like making more money than us. Some days he's like making so much more money than us. I'm like, how the fuck you do it? And so here we go. Mr. JJ, gonna introduce yourself, let's see. Go live. This is the first time I've talked to him, by the way. And I think I've seen him for years on Twitter. Waiting for JJ, go seven. Let's try it. Mr. JJ. Hey, what are you doing, pal? Can you hear me? I can hear you, but I can't see you. I'll see you as your friend. All right. Sorry, yeah. You know, I was, okay, let me, let me try something else here. There we go. Hey, man, I've seen you for years. This is the first time we ever spoke. Yeah, well, you know, we go way back, Bao. And I remember you in one of the old chat rooms and gosh, when you, and you rarely did this, but when you would pop up with something to say in the chat room, I was like, oh my gosh, what's Bao telling us? You know, and I think it was from that very point in time. And I think that might've been like 10 or 12 years ago that I began to follow you. And then shortly thereafter, you came out with Momo Traders. Oh, the book, yeah. I was on, I got one of the first books by you guys. So it's been a nice journey so far. Long journey. So start off by introducing yourself, your name, where you live and all that good stuff, my friend. Okay, so hey, I'm James Garcia. And I live in Marina, California, which I'm about 70 minutes south of San Jose, 80 minutes or 90 minutes rather, south of San Francisco. So, you know, this is where I'm right on the ocean. I love it. And I grew up in Monterey, which is near Pebble Beach, Carmel in those areas. So love nature, that sort of thing. And, you know, been here ever since. So how'd you get into trading? How long you've been doing this? And tell us your journey, because I love this story, man. Oh my gosh, Bob, it's a long story, but I laugh when you post those photos of your old trading platforms, which were the gigantic computers with the gigantic monitors. And I used to do the same thing. I know, right? And I used to do the same thing when I was about 25 years old. And I remember the dial-up. That used to make me nervous as heck, because you'd get on and you try to place an order. Gosh, it would take forever to go through. And most of the time was spent on the phone, trying to talk to the broker, because the computers just weren't dialed in enough. People did not realize it was infractions. We were trading infractions. Right, right. And so from that point, you know, I was just dabbling at that point, but I got into mutual funds. I'd been into bonds. I'd done, oh, don't hate me, Alex. I've done forex. And... You tried it all. I've tried to just see, you know, what's out there. And I've been in, gosh, I don't know how many chat rooms. And learned absolutely nothing. Well, I did learn something that I know what it feels like to be a sheep. Yeah, that's the thing. So, I mean, everybody goes through that. I was a sheep too, man. The first chat room, I remember I joined it. The moderator, I was like, I thought this guy was like a fucking billionaire. Everything it did, I started just like fucking. And so when I started trading, I thought that I was losing because I was too slow. And I made it a point to be the fastest guy to chase him. So I wanted to be the fastest sheep. Right, right. And, you know, and the one thing that I did figure it out after a while was that I was always getting information after the fact in these chat rooms. I finally figured that out. It's like, wait a minute, this guy's on the microphone or whatever he's doing in this other chat room. And he's saying, okay, so how'd that feel, guys? Huh, you make any money? And I was like, what? I'm still in this thing and I'm down 500 bucks. What are you talking about? And they're always like, do not follow me. This is education only. Right, and then that's when they throw the high dollar education program at you. And it was basically worthless material because, you know, I'll just as an example, and I don't want to offend anybody, but I was taught an ABCD pattern. And the thing is with an ABCD pattern, that's after the stock has already done what it's gonna do. It's like, the ABC is like, right, the ABCD, if you get, if you last that long and then you figure out to get into the trade, it's over. It's like, which point is the A and the B and the C? Right, right. I got dicked. That's the only thing I know. I got the B at the end, I got dicked, you know? Right, right. So, you know, with that, I went alone for a long time trading by myself, trading alone. I actually have read quite a few prospectus manuals on mutual funds. And that's kind of what got me going on individual stocks. And I'll just go back real quick. And then one day, one came in the mail and I'm opening this thing up and I'm just kind of thumbing through it. And it says, for this particular mutual fund, it said Coca-Cola, American Airlines, Apple, Google. And I go, oh, that's what these, well, these must be good things to invest in, right? So then I start trading large caps, right? And it went good for a while. And then I got smart with myself and thought, hey, I'm gonna get into earnings plays. So I'm gonna start trading ER plays, right? And Amazon blew me up one day. I thought I knew what I was doing and I had not a clue because I didn't understand fundamentals at that point in time. And- You were gambling, you were scramged gambling. Yeah, absolutely. And the thing is, is that I thought, well, you know, Amazon, it's Amazon, right? Whoa, right? And they had had a bad quarter. And man, I just watched a lot of money go down to very little. And I was like a dog with his tail between his legs. And I backed off. And then shortly thereafter, Bao following you. And then I noticed that on Twitter, Alex and you guys were buddies. And it's funny what Twitter does for a lot of folks. I don't recommend it for trading per se, like trading tips or advice, but if there are people that you wanna follow like Bao and I really wanted to get to know Bao, I did that and I just laid back. And I just, every now and then he throws something out there and I just kinda look at it. And pretty soon I thought, this guy knows what he's doing. And in 2018, believe it or not, I was one of the first signups for MIC. And guys, I'm a little bit older than probably most of you. And so I had to go to the doctor or the hospital and get a couple of surgeries. So I had to back off and come back into MIC. And then I had to go back for another surgery, back off. But now I'm back and I rejoined. I got my annual membership and I am... So you started to dedicate yourself six months ago? Oh no, much longer than that. Since 2018, following MIC, but back in March, when I was able to get back into MIC was when I really, really started studying heavily. Yeah, that's what I meant. So you went through your health stuff because I always say if you have issues outside of trading, trading becomes much more chaotic. So I'm glad that you figured out your health issues and now you jumped way back in on March, right? All in and started studying. Right, and some of the things though that MIC taught me, one of Joe Kelly's, I don't know if it was a YouTube or just a video that he made for MIC was that he used to just tell you, take what the fricking market gives you, man. And that's what you have to do when you're under PDT. You can't be selective between $100 and $140. When you're up on the trade, you got to get out and be thankful for that because the little ads add up. And I'm saying that's... So when you started again, you were under PDT, right? Is that what you said? Oh, absolutely. Yeah, but I started out with like 3000 and then on my pay days, I'd add a couple of hundred here and there and I think all in all, I'm in like about $7,300 of my own money and now I'm pushing 90,000. Whoa. So you grew from 7,000 to over 90 because last time I spoke to you, you were only at 80. So good job. Yeah, well, you know, I actually have got my Cobra set up right now here on my other screens and I'm not using it yet. I'm, you know, my process tells me, you know, you got to go slow, make sure that you're comfortable. I've traded DOS for many years and I've got TZ right now, but on a positive note, since March and what I've been able to build up, I'm over PDT now on TZ and I'm over PDT now, which enabled me to open up my Cobra account and I got a nice bankroll in my savings account. Knock on wood, my friend. Congratulations. I would clap, but I need the other hand to hold. So this is all done, not by gambling. This is like, you were chipping at it every day. You're grinding, you're grinding. Yeah, every day. Yes, and one of the things that I will point out though is I've got my process and no offense, Bao, but I kind of follow Alex on his timeframe rule. I want to be done by 1030 in the morning or I want to be done as soon as possible and just be done and stay away from the market. Make your money and go. That's it, man. That's it. And it's been working wonders. Right, and when I started back in March, that was, I mean, I watched Alex say, just zombie, man, zombie rule. It's gonna nippy in the butt if you don't get away. And so I just kind of put that in my process that I will not trade longer than 1030, and you know, I'm 1030, I'm not. That, dude, I'm telling you, man, the number one thing I keep telling everybody, the secret to trading longevity like this, two things, discipline and risk management. So you got the discipline down, because it's very hard to leave, but you've been doing this for so long where you're like me, man, we have, we've been through the crap and we've never ever want to be back there again. Exactly, exactly. And I have a confession to all the MIC people and people that are watching out there is that today was a really good day for me about. And do you want to know why? Why is that? Because I lost $75. Okay, so let's talk about that. Let's talk about, I love that, but risk management, because the fear, I'm telling you, James, this is always my fear for everybody is they make so much money. And they think of that as the house money, push your money. But it's not the house money, it's your money, man. Don't fucking piss that away. Keep your house very small so that in your head, it doesn't seem like it's excess money. Every day I start out with zero dollars. I don't think about yesterday's gains or the previous year's gains, things like that. Otherwise you will blow up. So let's talk through that trade. So the process of picking that trade and how you did it and how you're able to walk away with just a $75 loss, where some people go, I'm gonna stay in until I hit my max loss. And that's just stupid. Right. Well, I happen to be one of these traders that I do trade pre-market and I've had fairly good success at it. And it's nail and bail. You gotta know pre-market. You gotta know what you're doing if you're gonna mess around in pre-market. So I got out of pre-market with a small loss. So I said, okay, that's good. I'm done with that. I waited for the open and I got into, it was a CTIB. It was under VWAP. I shorted the bounce. All of a sudden the big green candle and then boom, a red candle. So I sat tight, right? Well, it didn't, it hit VWAP and kept going up, right? And so I waited and I waited and I waited and I saw it hitting some of the support lines, support resistant lines that I had already stalked. See, because when I trade a ticker, I start putting lines in from pre-market. Man, the minute I wake up, I'm putting the lines in. I wanna see the support resistance lines. And so it ran up and I was in the hole, but then it showed me a big red candle and then another red candle. And then it just went down, it pretty much washed and I covered for a $75 loss. And I said, that's it. And I was happy. That's very good discipline, man, because you know what happens? A lot of times, you know, you cover for that pipe and then let's say that it goes in your favor more. A lot of people get greedy and they do what it's called a make-up trade or revenge trade, because they're like, if I had to do hell, I'd be up so much. And that's how you get killed. Right, well, you know, Bow, my hat is off to you because there had been many DMs that we've exchanged over time. And you were the one that told me, James, you're greedy, you're a greedy bastard. That's what Joe Kelly says. You're a greedy bastard. Dude, I remember, man, because you were always up, telling that story. You keep crying like you bowed up so much. Right, right. Go ahead, Jim. That is the truth. I used to DM Bow and I would tell him, I'm not getting this. I'm up on the day and I turn green days into red days. And he's saying, it's because you're greedy. The market is saying, here you go, man. Here's money right here. I'm handing you this money. Why aren't you taking it? And then the light bulb went off for me or went on. And I thought, you know what? That's right. That's what I'm doing. And so I've worked so hard on my process to eliminate greed that I can see what the market has to offer. I don't get picky. I plan my exits. I plan my entries. And sometimes I'll even take, I'll take it before I even hit my target exit. I'll go, I don't need any more. Or I'll see what the charts are. I said, I'm out. I'm done. That's exactly right. I rather cry. I keep telling people all the time. I rather cry about money left on the table than cry about actually losing real money. A lot of these people, they don't understand that. They're like, you know what? I'm going for the home run. And then that's what happens. And then a lot of times they get zombied, right? So that's part of the thing too. You, you were probably like, all of us getting zombied here. You know, you're up so much. You're like, how could I be down? This thing has broken under all these supports. How could I ever lose? Right, right. You get around and then you get zombied. Yeah. And you know, that, that happened to me. I blew up an account, oh, probably about 10 years ago. And I got caught in that algo thing, right? I was shorting a biotech stock and I kept hanging and adding and adding. And if I had had MIC telling me, you are treating during zombie hours, you are short, you're going to lose. If I had just that little bit of knowledge back then, that would have saved me. And so anybody that's out there listening, when they talk about zombie rules, there is a really high percentage that if you are short, that stock's gonna start basing. If you look at a one minute chart, that stock's gonna start basing and start going against you. And I would advise that if nobody knows what basing is, look it up and look at a chart that shows you basing and to the upside and be aware, because after 10.30, you have no control. Yep, another word is consolidation. So it consolidates and then just zombies up. Right, well, yeah, yeah. And that's a thing, okay? So you, so there's two types of people and me and you're the same. We have to experience getting kicked in the balls before we believe it. You're like, no way, this zombie thing is fake. It's one off, it'll never happen to me. And then when we get kicked in the balls, not just once, we have to get kicked in the ball like three or four times before we believe that, get kicked in the ball sucks. Right, and hey, I will admit now, even with MIC, there have been times where I have traded past zombie hours but there's something in the chart that I'm saying and I'm liking and I've lowered my stops. I'm way better than breaking even on the chart. I'm grain on the trade. And if this thing wants to move against me, it's gonna stop me out with a profit. But I don't do that on a regular basis. I want to be done within the first 30 minutes, seriously. And like James, James Friedland, and like James Friedland would tell me, he goes, if my lines don't hit within the first 30 minutes, I closed the trade out. And I thought, man, that's conservative, right? But there's a lot that can happen between 10 and 1032. I mean, these stocks can teleport. You just don't know. You just got to have those stops in place once your trade is active. That's exactly right, man. So that's another great thing you start doing. You're putting in stops, hard stops. And you know what, man, if the stock is broken and you're short, past zombie hours, it's completely okay to start trading. I still be in it. You don't have to exit. Like you said, just start lowering your stops. Absolutely. It doesn't zombie on you. Right, right. What happens is the fear is that this is the problem with trading zombie hours is not, it's because of the greed factor. And what happens is this, because the moment the stock starts to go down and you're already taking off most of your gains, they're still in a little bit, and you're back to your mind, you're like, I wish you'll bounce a little so you can get in more. And then you, I'm like, oh, I'm telling you, what the fuck happened? It bounced too much. I wish I was never in it. Well, the thing too, right, Bao. And you know, the other thing too is, you know, the metaphor, keep it simple, stupid, right? Just K-I-S-S. And again, for the people under PDT, I implore you to listen to Bao about greed because when you're up $100 and you can cover the cost of your locates and pocket $50, $60, $70. And if you can do that every day, you will not believe how fast your accounts will grow. But if you get greedy and you think you can make more than that $120 that you're looking at or whatever you're staring at and the stock goes against you and does something ridiculous, which is very, very capable of doing, you can lose days, weeks, even months worth of gains with having a small account and being under PDT. So this is great, man, because you know what, people, it's a very difficult trading under PDT, but it's not impossible. There are people like yourself that have proven it. It's all based upon, it's like it comes up to your discipline. It's like you realize after a while, you're not gonna get rich overnight with a $7,000 account. But imagine if you can consistently grow that $500 a day, you will become rich. Absolutely, absolutely. And the thing that also, Bao, that is very important is what MIC teaches. You have to have a plan, guys. You've got to get, I told this to one of, somebody DMed me and he wanted a checklist of things to do to basically trade and one of them, and don't be offended, guys. I said, you gotta get your ass out of bed. That's what you gotta do. What time do you wake up? I was up at, I was up at 10 minutes after two here in California this morning. 2 a.m., you're up earlier than me. Oh, man. And that's why you're getting in on these, that's your edge. You're getting on these crazy pre-market super highs. Well, I try to be the early bird, but the holy grail for me is paying the least amount possible for locates. Oh, yeah, man. By the time I wake up, it's already like three times more expensive. Yeah. And so I can't say it enough that you can't wake up an hour before the market opens, and then it's not to say that you can't do well, but it's crunch time. If you've got to get up an hour before the open, you've got to read through main chat. You've got to check after hours because somebody might be saying something there. You've got to go to Findiz. You've got to go to BamSec. You've got to go to BigCharts. You've got to go, you've got so much to do. Look at your scanners. You know, you're putting yourself behind by being, pardon me guys, by being lazy asses. Yeah, that's exactly right, man, because there's this thing I love. Hard work beats talent when talent does not work hard. Hard work beats talent when talent does not work hard. James is gaining up earlier than all of us through his research by the time seven, by the time I wake up, by the time whoever wakes up, he's already got his master plans. That's the key. So I used to wake up at 4 a.m. in California and that wasn't early enough. Now I'm training my body to wake up early. So I begin at about 3.30. And just that extra half hour, James, is making a phenomenal difference because I can get the locates I want. I can do the extra research. I can help the group. So it's exactly right, guys. If you guys don't think you're talented, the equalizer in life is hard work. Work your fucking ass off. And that's what James did. That's why I did. That's the equalizer in life. You can be the most talented guy in the world, but if you don't work hard, you're not gonna be successful. So that's another thing that James showed. Yeah, well, especially in trading, because you know what? Trading takes no prisoners, you guys. It's you against the market. And you know, it's a challenge, but MIC provides the materials for you to meet this enemy fricking head on. And you got a really good chance of not beating the market per se, but you got a really good chance on a daily basis to make your daily pay, right, pal? Make your daily pay. Right now you're making your monthly pay one day and not one. But you know, the point is it's the process. You know what? It's like people say, I want to make X dollars. I mean, dude, what is X dollars? You want to have a process and the process is gonna spit out whatever gains that it's spent out, you know? And so let me ask you this, James, quickly tell me you're, cause right now, you've been up this year. Very great. And I don't want ever, ever again to repeat what happened where we make a stupid mistake and then we give up so much of our hard work, right? So what have you done in terms of risk management to ensure that you will never go back to that dark space time again? Well, the one main thing is that you have to establish your max daily loss and then, or your max loss and then your daily, your max daily loss. You have to live by the religion guys that hard stops are going to save your lives. If you, when you execute a trade, if you do not put that hard stop in, you are basically saying you're throwing your fate to the wind because like a black swan event like Bao just discussed, it could happen at any moment. It can happen in pre-market. It can happen during market time. It can happen after hours. It just can happen. You've got to protect yourself at all times. And if you don't know the rules for example about pre-market trading, there are no hard stops out. And then after hours trading, there are no hard stops allowed. The liquidity is not like it is during market hours. If you don't know those things are going on, you have no business being in that environment trading. So look what James did guys. He started with a small account. By doing a small account, he started with small size. So he's leveling up along the way. It's not like he just opened a big account from day one. So the guys that are under PVT, this is what you got to consider. If you had a lot of money, you would probably lose all your money. I swear, that's what happened. When I started trading, I had a good job. So I put in a lot of money, I lost it right away. So what happened is this. So James started with a small account which made him very conservative, very selective, very good discipline to get to the next level. So now when he's up at the next level, he has good habits. So be very careful about developing bad habits. Whereas you, for example, breaking a rule and getting rewarded for it. It's the worst thing you can do. If you get that three times in a row, I guarantee you that habit is now your new habit. You know? So don't even get to that game. So that's why people blow up. Because you know what? They got away with it so many times. Absolutely. Go ahead James. And you know about the other thing too, is we talk so much about it at MIC is your process. And I'll just give you an example. Well, if you sit down and I've talked with my other tabs about this, and by the way guys, get a tab, all right? Everybody needs a tab. And you need people to talk to and to exchange ideas with and to get positive reinforcement and sometimes negativity from. You need that to, you can't trade alone. Trading alone is a very, it's just not a very rewarding experience. Even with MIC, if you're trading by yourself, talk to somebody. I've even got one of my tabs now calling me on the phone. And I think that is freaking awesome because we match up. We're both talented trader, not talented, but I mean, we're successful to some extent. So I highly recommend that. But the other thing I was gonna say is that this is what MIC talks about, that everybody needs to get a grasp on, and that is process. What is your process? I recommend you sit down with a note pad, a legal pad, whatever you got, and write the word process right across the top of that thing and start from one to however many numbers you can put down. What does your process consist of? As an example, my process consists of getting up early. Right? And the more you think about it, this process will begin to start laying out your own personal rules, the rules which you have learned to trade by. And for me, my process is like this. I get up really early, I do my thing early in the morning, and I'm done way before 10, 30, 99% of the time. But we discuss this, I discuss this with my tab, and it is this. If the longer you are in a trade, the most, we're there. Did I go away? Yeah, we're good. So I don't know if they, so the process. It also starts the day before, because you can't get up early if you go sleep late. Right. So people, so start your process the day before you trade. Right. And you know, one of the other things I do bow, I never forget my process. I think about it regularly. I think about my rules regularly. And it just keeps me, it reminds me of my reading habits. And, you know, am I today going out for a hammer or something like that? And I think about my process like, oh, I don't trade anymore past 10, 30. Or I get up early, so I can get some good locates. So you write process down on your piece of paper, write your trading rules down, and that will begin to establish your process. That's how I do it. And as I mentioned earlier, if the longer you stay in a trade, the more your rules start coming into focus. And those for me are variables that may not be in my favor. That's why I like to trade quick and early and be done, because there's less rules that come into play. I don't have to think about the zombie rule when I'm in and out of the trade in the first 30 minutes. I don't have to worry about that. And it works for me. Correct. Well, thanks, James. This is awesome. Hey, one note though. We told me, don't make you so famous now where he loses you as attacking too busy. So guys, be very gentle with JJ. Maybe we can have a video or something that you can make. If you have time, you know, it would help a lot of people. Whenever you have time, this will help you maybe during the zombie hour where you just sit there with nothing to do. But I appreciate this, James. I am so happy for your progress, man. And man, this is gold. I love it. Hard stop, guys. Hard stop, max daily loss. Boom, this is it. That is the holy grail right there. Consistent every day. If you stick to your process and you lose, it's okay. That James is a winning day. He stuck to his process and he took a small manageable loss. Right, I'm down 75 bucks. I'm down 75 bucks. So I'm gonna go have a steak dinner tonight if I feel like. How much did you make yesterday though? Yesterday I made 4,300. There we go, my friend. You made it. I sold back my locates. I sold back my locates too. Great, man. I thank you very much guys. We'll see you in the room and I appreciate it. Thanks, James. Anytime guys, hey, M-I-C, you guys are great. Thanks, Tosh, guys. Just study and listen to your mods. They know what they're doing. Thanks, Tosh, guys, for more information. I'll see you guys.