 One of the most common questions I get asked is, you know, how do I start day trading? So what me and my mentor about it for our viewers on YouTube is create a free mentorship course that reveals our 12 secrets that every single brand new day trader should know before they get started. But please take note that there is limited seating every single week. So please reserve your spot at myinvestingclub.co. The link is in the description. So this is weekend mentoring for today, July 3rd. You know, happy 4th of July weekend to all my American friends out there. Guessing we have a lot more Americans than Canadians on this one. But yeah, so this is weekend mentoring. What I did was I just took the charts over the last like two weeks that I thought were good setups and good opportunities to kind of learn from. So this is AMC. This is just the intraday chart for just kind of full context. Obviously, we kind of get this pop and just this fade. This one was on July 21st. And this is kind of how this member traded it. And I did want to kind of go over this just because I feel like the one thing is that like the thesis was there, but like the entry really kind of wasn't. And when you want to when you want to short, you always want to be going short into some type of pop. And you know, on this on this execution here, like he did really like a lot better. But you never want to be going short because the stock is like, you know, pulling into weakness or anything like that, right? I think it's a good idea to always kind of wait for that, wait for that pop and then just kind of cover lower or stop out higher or whatever. But I think that you should always like try and stay away from those emotional entries, always be patient, wait for pop, have a plan and just trade that. If anyone wants to comment on this one. Shorting to strength. That's it. Shorting to strength. The first time he got in, I don't understand why he did it. I'm assuming that he was waiting for that breakout of the breakdown of the previous day close. That's the only thing because then it went up because it capped up, right? So I'm assuming that the MIC way is that we short near that that's the first bounce on the other side like a first bound the other way around, you know, it's like it's coming back to be what and you're short bias. So when it comes to be what in touches be what that's where you want a short, you know, that that first entry was bad. And the second entry, again, he was he broke previous day close. And again, AMC, it's all over the place. There have been people, I've been watching people get burned up and down on this on this talk, you know, it's been really difficult to trade. Let's talk about what he wrote in the setup though. He called it a first red day. She, he, I don't know who it was, but it was a guy named Al. What about it's, it's not a first red day on June 21st. If you look at the chart on a daily timeframe, it's not a first red day at all. So I think, I think aside from entry, it needs to be clarified that this is far from a first red day. I just posted the daily chart in the chat and the first red day was back and just if anybody wants to reference this, you can reference this later in the video. The first red day on AMC during the run was June 3rd, 2021. That was the first red day after the big parabolic run June, June 3rd, 2021. That was the first red day. I'm playing them, but I'm playing them with options. I will not go into one or two options and that's it. It's to see if I catch the move. The other day with club, we were talking about it. Remember that I told you, I think it's going to 20 and, and, and, and I started like scaling out of those options, you know, but I will not go into equity. I like playing options because I will go one month ahead and I'll have time. If it doesn't work, I'll cut it out. I'll lose $500 and that's it, you know, but, but playing equities, it's, I don't know, it's really dangerous right now because if you're shorting it, it can rip up. AMC has been in the radar of so many people to short it and it's been, this has been being extended for how much? One month and a half where we have been waiting for AMC to actually fall of the $50 range and it hasn't. So it's something for you to think about. You know, there's so many other features in the, in the, in the sea right now to be out, to be playing than this, you know? Didn't y'all say it was like, it was a, what did you say, a $7 billion company? Yeah, something like that. Yeah, okay guys. So y'all are categorizing this as a, as a small cap. And so you're going to approach this with a small cap like right here. You know, they're approaching this with a small cap mentality. This is not a small cap. This is far from, far from a small cap. I agree with Harry on this. I think you guys are dancing with the devil. Yeah. And it's, yep, there's an incredible amount of volume. If I'll tell you what Brian and I have been doing, Brian and I have been either playing the options much like Claudio's doing, um, or buying dips on this thing and selling the pops every into lines, into the lines, into the pivot points, playing that straight. This is, this is one of those, like Harry said, meme stocks, meme stocks have incredible volume right now. And they're not something to be taken lightly. This is not going to just turn around and die. And yeah, I, I like the, I like the quick cover on this, you know, at the, at the open right there. I think that was, that was very, very intuitive. And what I, what I disagree with obviously is, is the reshort. I think that this was a planned parade and then it went, oh, let me try to maximize the winner. Fuck gave it all back. And so I, you know, I think that you got the first resistance, you got the first washout and now it's time to stop. Yeah. Yo, yo, let me ask you a question that you're like the most, most seasonal trader here, the oldest one, the most, the most experienced one not to tell you this price. How many times did you just insult me? Have you seen this kind of price action in so many stocks in the seven, 10 years that you have been trading? This is a new ballgame, you know, it's like, it's, I have never, I have never seen the hype that the meme stocks have. Exactly. I was here for the, the first Bitcoin craze when it was considered blockchain and everything was running on the OTCs. And then it slowly started to move into the riots and, and the Mara, Mara, Mara and then there was, there was, there was a couple more that there was one that started with an N and then there was, but anyway, it was Thank you so much for watching our video. If you want to see more of our videos, please subscribe to our YouTube channel by clicking the button here. We do our best to post a new video every single day. 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