 What's going on guys, we're back with a special episode of the after hours podcast. It's a little different today. It's just Harry and I We've been doing most our episodes with other members or moderators at MIC And this time around we kind of want to just drink with each other and chat and I kind of talked about shit I'm actually gonna raise my desk. So I guess Kind of just wanted to like shoot the shit and like talk about the market talk about how we've been trading Maybe answer some of the members questions that we've gotten over the past couple days Um, so yeah, so we're just gonna jump right into it. So Harry How has your trading been recently and how are you kind of adapting to the overall market right now? Yeah, I think for me. I mean my trading's been pretty good Like I'm not gonna lie like I've like even though like a lot of people are saying like oh It's been a shitty market for long since been a shitty market in general, which I mean it has been but my trading's been pretty good as far as like the kind of like Adaptation of how it's been going like I've kind of noticed that in clean market. We haven't been getting that many runners. So I Mean, I've honestly been like sleeping in an extra hour or an extra two hours because I'm like There's no point in me sitting at the desk when there's no pre-market runners to even kind of want to get along on So I'll usually start kind of longing like looking near the open You know, if there's no hot chick I'm obviously gonna take a step back and kind of say to myself well, okay, like I'll wait till zombie I'll wait till we kind of get something that's worth wanting too long That's doing enough volume for me to kind of like for me to kind of like get a decent enough chart set up And then I'll look to kind of attack from there But I mean for me it's been pretty good the key for me and I've been getting questions from a lot of people who are longing, you know The key for me has just been being disciplined and not longing every single fucking goddamn thing that pops, you know because we get tons of pops and You know a lot of stuff A lot of stuff a lot of stuff right we got a stock that goes from like low a day to like Friggin like middle line and everyone's like man, this is gonna be the one this is gonna be the one and then it's stuffs And they're like, oh fuck, you know, so I think this might be The first like market cycle Where like because you know how usually like alex always says it's like we're due for a runner We're due for a runner we're due for a runner This might be the first market cycle where like a runner doesn't like spark things It might just slowly change back to like a movers market But like by now I feel like we would have had that like fuck you runner like that like yeah big like something But we just haven't gotten it yet and I think I don't know what it is and you we talked about this recently like All these stocks are just pushing volume like a little bit of volume and selling into the liquidity like everything has been like push And then a huge brick order will come through and it just stops it down and it's like As a long it's got to be tough for you, but one thing that's cool about you That I like and that a lot of other traders will like ask me about I don't know why they ask me but Like I feel like you have long setups that can pay you pretty much every day And I feel like as a long that's really really crucial and I think that's cool like how did you How did you even develop like those setups that you I mean, I don't see many days where you're like I'm not trading like at all. Yeah. So like you have the setups that make you money So how did you kind of develop those and like how'd you kind of end up there? Well, I mean for me, I'm not I've never really been a strict kind of setup guy I mean my setup is always going to be those day one gappers But I mean I just look at it, you know kind of I think to a point of view is where I was a short seller before And I really did enjoy shorting, but I found myself, you know A while back where I would get some really really good shorts on and they would pay me really really really well But I was like shit like I've always wanted to long that was the same thing with Austin Like Austin would get really really good shorts on like I remember like Alex would be like damn That was a sick short on like whatever hair you got to start shorting and I'm like now, bro Like I just I love longing like and I just always kind of have and but also another thing is that I have watched a fuck ton of tape You know and it's not even necessarily saying oh, we got this like, you know, whatever You know thousand share seller here. We got this thousand share or you know, you know Thousand share seller there or whatever It's really been for me just watching the price seeing how things react, you know looking at kind of like notable levels And just kind of using that to my advantage. I think that is what definitely has helped me out the most Um, also kind of the m-i-c process is you know, knowing what stocks to avoid that has definitely helped me as well And just kind of hearing things from you know, bouncing things off, especially in the main chat from like you tom everyone You know, we all are on the same page. I feel like every single morning And that's something that's definitely helped me a lot too Uh, so I mean as far as setups. I'm not really a setup guy, but um, I just pay attention to the price action and uh, you know That is all I kind of focus on, you know Yeah, I feel like for you, it's like then we've talked about some previous episodes like You know, I know the set like like you said, we won't even call them setups But I know the trades that you're going to take most of the time Yeah, and And I feel like you keep it really consistent and like for all the longs that are inconsistent in the room, they seem to be Taking inconsistent trades. I know and I think I think that's like That's the biggest struggle because I think for shorting especially like there's not too many setups Like there's like shorting into a resistance shorting into vwap or like, you know Shorting a breakdown of a key support But for longing like I feel like you could come up with so many different like Different trades like you could be like this is a vwap reclaim. This is a low a day Hold, this is like a high a day breakout. This is like a it's you know, I don't know fucking grinding up and it's like whatever and I feel like that's what's impressive about you is that you're able to To like stay away from like trading like dumb shit And like how did that how long did that take you? How did you get to that point of like stopping me like fucking stop trading this dumb shit? Yeah, because like I remember like Probably like two or three years ago. Like, you know jack Kellogg Yeah, he was he's been an m. I see before like, I mean everyone Everyone is kind of like Ben and you know, I mean I was never Where'd you say? Yeah, I think a lot of people have been kind of in and out and um, you know, he he's he was a really good friend of mine and You know before when I when I you know was talking to him We we would always look for like kind of like these signals and like sometimes they were consistent Sometimes they weren't we were always keeping tight risk on them. We were like experimenting and learning and then I think I kind of said to myself like What if I just say fuck it and just take those trades where I know I'm going to be right And I I kind of followed that intuition because I was talking to a long trader today And he's like, I knew I was too early, but I still took the trade or I knew I was You know, not in the right frame of mind and I still took the trade and for me It's always been about maybe that third test of the level You know, that's going to break eventually, right? You know, the third time is the highly Probable time for that to break or you know when um, you know, you see that kind of uh You know, maybe high day rejection, but we keep kind of grinding higher and higher and higher like You know, and you see shorts or stubborn like that's something, you know, you can always Uh, you know look for uh, also, I mean, I find a lot of stuff is just me as a short seller thinking like, okay Where would I go like a rookie short all the time? You know, how would I get that kind of rookie short on? That's helped me tremendously Like because you know that as a short seller your whole kind of mantra is just saying to yourself Well, these stocks have got to go down. They've got to go down. They've got to go down They've got to go down and then when they don't go down And they start to grind against you. You're like, well, I can't stop out here I can't stop out here and we finally go para And when we go para and we get those big kind of candles that scare people out I'm like, okay. Well selling here and uh, that's I've always kind of really done it, you know Yeah, I think the coolest thing too like You actually like I hate these questions that I get that are like, how do you know when to get in and get out? And it's like I think using a long bias trader is actually like easier because again, it's like There is a point technically we talked this last time like the last episode as a long It's like kind of weird because technically the stock can go to a hundred. Yeah But like the reality is as a smart day trader and as an educated day trader You know That you're always better to sell into resistance or sell into a key level or whatever And I I feel like that's like a talent you have is that like I never see you really Hold for like way longer than you should you know what I mean like you always like You get out when you're supposed to get out and it's not like you have a superpower It's like I feel like you're just selling at resistance. You're getting like you're getting in the trade You're taking your move and then you get the hell out. Yeah, and that's what leads to you as a Being a consistent long trader. I think is really impressive And I think it's like fucking hard and like that's why you don't see so many successful small cap long traders as well Yeah, yeah I think it's it's definitely difficult, but there are ways to make it easier, you know I think just a lot of long traders the problem with longing is that As a short trader you do have some stuff to your advantage like as long as you don't long the hot chick and do really dumb dumb dumb Shit, uh, you know, you're pretty you're pretty decent, right? I mean you have kind of broken stock You have that low hanging fruit setup you have all that shit But when you're a long trader You really have to say and evaluate all the stocks the morning like this morning like cei You know, I didn't end up longing it and I wish I kind of did and but on monday sometimes i'm a little bit off my game I find like on monday's i'm a little bit off. I'm not as aggressive on monday's just always has been But on cei when they kind of popped it up They they pop it up to like 340 bring it back down to like 320 310 three dollars And then they start grinding and grinding grinding up like as a short I knew every single short seller and m ic was interested in that and when that started to kind of go the other way That could have maybe been a good opportunity You know, I mean alex nailed and bailed everyone nailed and bailed it But the people who hang on for those kind of like home run trades and like fader trades like those are the people who get crushed Like those are the people who I probably Well, I would today I was almost one of those guys because like I didn't hold on to it per se But like I got in at like 340 350 Yeah, and like the problem was like that was my line You know, this is annoying and it pissed me off for it. It's put me in a bad mood because like lately I've had this feeling of like actually making good money, but yeah, I always feel this like underperformance feeling Yeah, and it's like no matter what so like today like 350 340 360 was my initial plan this morning Like it's in it's in chat. That was my lines that I wanted But I got in like too big at like 345 and 350 Yeah, just like because there was a seller 350 and it was like it kept refreshing and I just kept And I actually got in like pretty big. I was up to like not pretty big I was up to like 15 000 shares at like a 350 50 average or 349 average or something and I was just sitting there like I knew it too. Like I was in the trade and I was like I was like this is grinding the shit out of anyone who's shorting like yeah every fucking pop and like I knew it and like Honestly, that's why I had such a small day too because like I it ended up it ended up tanking Like I had I had more shares to put on I had a 5000 more It ended up tanking But as soon as it went green I actually just took it off because I kind of just waited too long on it Like I had my I knew what I wanted my wrist to be and I was kind of just taking it like as a stupid punishment Like I got into early, you know, my plan is working But it's like I'm just it was stupid and it's like I feel like those are the times that you really take advantage of Like shorts is when they're in those positions of like they should just fucking cut it You know, they should just cut it because then what happens is it goes fucking parabolic And see I weird because it's in this trade so much volume, but it's ssr But there's so much supply so it's like I feel like it was going to be hard for it to parabolic But like that's where I feel like you get your biggest moves from Oh 100 and that those are the types of you know plays that I'm looking for or where we get that initial push And then we fade off and every single short is like it's done. It's done It's done. It's done and we start kind of grinding higher and we grind a bit higher and we turn a bit more And we turn a bit more every single person who's short on that, you know situation Is like shit Like this has got to go down. This has got to go down And i'm just going to be like, okay, you know, where's a where's a good place for me to take profits Like where's every single short going to cover or at least be a little bit scared, you know And i'm i'm not delusional like I understand that Uh, you know, if we go para i'm selling, you know, I don't think this is going to 10 or 20 or whatever dollars You know, there's been plenty of times where I've like piked out early but I'm gonna keep those consistent gains where like we get a candle that like should end the stock and then, you know We get into the afternoon and we're still grinding and grinding and grinding. It's like man like There's obviously something keeping this up. There's obviously a bitter here And I think it's just really like for shorts for longs for anyone. It's a nail and bail market and Today on cei if you were long and you held that shit even if you were long and like, you know, like From from where you kind of like I guess like even if you were long from like where where was it like 320? Yeah Let's say you were long from that and then you held it all day like I mean, you probably would have ended up getting fucked. So I mean, yeah works longs nail and bail market I feel like I feel like right now. It's like It's it's almost like a no one's mark Like it's it's a nail and bail market, but I feel like no one has like a A major like there's been days like the day that cei like really crashed like that was like a good day for shorts But I feel like other than that like every day like every stock has given like longs and shorts like a small window of opportunity Yeah And then after that it's kind of like it's game over and like yeah as as someone like like so I know like day trading For you is like your your main source of income like you live off day trading right which is like sick and it's like So for you Do you find do you get like actual stress like outside of the market because of that when it's a market like this? Because like I said, you do have your trades that you're making every day making money But obviously it's not the best market for both sides of people I would say so like do you get stressed outside of this or like and doesn't affect your trading at all or I had the best market Like in covid like a really good market like yeah Years it's not just fucking like like career record like amazing amazing gains Outside of like kind of like this year But also this year has been pretty good to me like as long as I don't do any dumb shit Like I find myself just getting rewarded and like doing dumb shit to me is like chasing a low volume ticker Chasing a stock of the highs, you know just chasing at the top of the range. That's dumb shit to me So as long as I don't do any of that, you know, I'm on track for a great year, but I mean that being said I'm not going to go out and You know, I I hate to jinx myself just like alex like alex is always saying knock on wood And I knock on wood as well because like, you know, you don't want to jinx anything But I mean this this market that where I'm right now is a great market for me It's giving me plenty of range. It's giving me plenty of time to kind of get in and get out It's giving me It's it's so predictable Whereas like you hear me in austin be like, oh, we're depressed like oh stuff at the highs But it's so predictable that we're like, oh man Like we know where this is gonna go So I'm not going to go out of my way and say I'm gonna hold for a dollar higher If stocks are running two three four dollars higher That's a signal for me that I need to hold on a bit longer But hi day stuff and I'm in from middle to bottom of the range with a couple thousand shares I mean, I'll take that all day every day. I love it. I love it. So that's what I've kind of been, you know doing I mean, I don't I see I just don't really get stressed as much anymore because I just have so much money saved, you know That's key. That's key. I I feel like traders especially like Like I know guys and I've met traders throughout the time that I've been in the community that like They trade like four times a year. They trade like the first red day setup or like a parabolic like dries And that's it like they don't trade anything else to trade four or five times a year Once a quarter whatever and that makes their year and then the rest of the time They're just really like frugal and like live like I mean they might make like a million two million or more But they still live very like casual and like I think that was a lesson It's good that you know this young but like that was a key lesson that I learned in the past few years was like I've always been a saver But I've realized that as I get older too and like more involved in trading It's like you just want to know that you got it in the bank and like That's when trading to me be became became less stressful. That's when using size became way less stressful too like 100 Like dude, like using like more than 10,000 shares like a few years ago I probably would have been like Shitting my pants because I would have been like well if that rips against me $5 like I mean obviously you don't want that But like that was your always your fear and it's like as you accumulate more money in the bank It's almost like taking those setups becomes easier and that's like why like I try to say it to guys all the time in In m. I see it's like it's like I What helped me the most is like I just take the small gains like like people see it like I'll have like I'll make $1,000. I'll make like $2,000. I might make $500 But I just let it grow and build and like sure like then hopefully like one of these days I'll have a bigger bigger day But like That I think allows me to stay so stress-free and like I don't really give a shit if I make money day in day out And I think that that probably is huge for you as well Yeah, that is massively huge because like I mean I lived with my parents for so long Right. I got I got I got so lucky where I was in university learned how to trade You know dropped out of university my parents were like you can live with us for a few years save some money Now I'm just chilling And that was the biggest You know that that was the best launch pad that any parent could give me You know, and so I'm thankful for my parents for that, but also If you're trading right now And you're just staring at the chart And you and you just say to yourself like okay, I'm just going to play what's in front of me I don't care about how much money I make. It's hard to to develop that kind of like subconscious Uh, I don't care. Um, I I just want to kind of uh You know play play what's in front of me and I just want to trade the stocks that are in front of me That is what is going to make you the most money that type of mindset but if you have the mindset of like Uh, well, if I put in my spreadsheet and I make uh 10 percent today or 20 percent tomorrow I may be rich right That is not going to be the the type of mindset that you want right both of us both know it Where if you're just chilling like you look at alex, right alex is a is a Probably the absolute best example that I've learned from As like a mentor same with bow and as a person You know, I feel like we both kind of been able to learn from him Whereas like yeah He he is literally like i'm only adding size on the plays that I know size is worthy Yep, and that was just such a key turnaround to me. Also the way he adds to his winners Yeah Right like he he has like maybe like a couple thousand shares on his line Sees it reject big Lee adds big Lee Yeah, a mass mass everyone everyone's writing like how do I add to a winner? Literally just gonna watch alex trade Watch how alex does it just such a fucking Big lesson for me, right big big big lesson Alex is gonna if alex is going to add into a fucking Red candle adding size when he knows he's right and he knows he's got it in the bag I'm adding some fucking size to a green candle when I know I'm fucking right and I'm fucking got it in the bag, you know It's not anything. It's just knowing that you're fucking right I agree. I feel like everyone I swear so like People probably don't know this but as a mod like we get tons of dm from members like asking questions And like I honestly think 90% of my questions are seriously like how do I add to a winner's short seller? And I'm like, I'm like dude your work You're there's two types of traders right that in that we're surrounded with like you got bow Who like bow doesn't really add to winners bow scales and he's a robot So like you either trade like a robot at all times and you scale accordingly or you don't like that I think it's really hard to mix the two But like if you want to add to winners like alex like like Harry said You just have to fucking watch them because when you watch his trading It's like once you know, you're right and if you don't know when you're right or not Then you shouldn't be adding to a trade that that's like a piece a key key thing Like if you're adding like like today, this was a mistake I made is like I added almost to my full size when I didn't know I was right I felt I was right But I didn't know that I was right and I think that's what fucked me and that's why I was too early And it's like if you're adding size those trends or you know, you're right like either you get in To know you're right is different for everybody. It's either you get that rejection You want you get the death big red death candle stuff candle Or it just gets to your line and it confirms that your level like whatever it is like that those are your signals like I don't fucking wait to get in like I there was a question on here That was like one of them was like when you're adding to a position like How do you do it without removing liquidity like dude? That's pretty much all I do like if I'm gonna get in like I want to get in like I don't really give a shit Like I was mark not market working, but I was like removing liquidity to fill like 5000 shares at a time I don't give a shit that I'm racking up like $15 and commissions or whatever because if that shit goes like yeah You make a shit ton of money. Yeah, it doesn't matter It's like people overthink all of it so much like I don't give a fuck I'll fucking market order when I want to fucking market order, you know, I don't have a fucking set rule I'll fucking do whatever I want When I know that I'm going to make money and that's the thing is like If you know that you're going to make money based on the chart based on what is in front of you Not based on some arbitrary p&l goal not based on some fucking bullshit You look at what is in front of you and you have that gut feeling not those, you know The thing is with long traders is that they'll they'll go long They'll be like this is the breakout or this is the fucking whatever one time They'll chase strength again. They'll chase strength again and finally on that fourth fucking goddamn time They're right And that's where I'm fucking long because it's like First time we got up to that level We were too extended. We need to pull back Second time we got to that level we got up there too quick and that's what I'm thinking, right? We we got up there too quick. I'm literally I literally just sit all day and this is completely fucking true I sit all goddamn day and I'm like That wasn't right No, that wasn't right. No, that wasn't right. No, that wasn't right because as a long trader You need to be so goddamn picky and you need to be able to say And you need to subconsciously admit it to yourself and be very very real with yourself where you're like If if this actually goes I can still be unaffected for the rest of the day Right. I think if you miss it Yeah, because there are a ton of big pumps. There are a ton of big dumps for short sellers, right? And usually the reverse ends up happening, right? We see a big dump pre-market Everyone piles in short. We start going the other way. No one wants to cover. We go pair by the open We see a shit, you know, big pump Everyone has that long FOMO and then boom boom boom, but you know, they all get stuck, right? So it's about knowing market psychology as well. I think that's that's helped me, you know pair Yeah, how how is a long do you I don't think I've ever asked anyone this question, but how is a long do you Differentiate the setups that you take size on versus not because like I know as a short how I differentiate like Where I'm going to use like a couple thousand shares and like go way bigger But like how do you do that as a long if I'm adding so this is a that that's actually a very good question So for me, I've always kind of said to myself Uh, a lot of the time it's based on time of day So pre-market, I'm going to take the less size because I know what's kind of going on Uh, when the market opens Um, I might take a bit more and the reason why is because we can get that initial push higher that really starts the day off, right? We haven't gotten it usually Like in the in the past couple months. So for the past couple months Like I've definitely sized down at the market open 100 size down market open zombie times. I'll start sizing up again Uh Midday if we're doing very very very good volume. I'll keep that size and I'll maintain it otherwise You know, I'll kind of leave alone the midday job and then uh end of day Uh, that's when I'll look to maybe size up a little bit again But my size has really been about time time of day, you know, okay Do you have a 30% like do longs use a 30% or like any sort of style like that or do you? um It it's going to depend like if we're under view app and I'm not that confident then yeah I'm gonna size down my my trades have always been about kind of the confidence I think high a day you need to use less size And if you are trading underneath view app, you need to use probably lesser size as well Unless we're like just underneath view app In the middle of the range. That's when I don't have that kind of Uh problem because like yeah, I'm just gonna keep adding a little bit all the way up until like You want to as along the key really is is that you want to kind of You want to slightly time it So um, and I'm just gonna start giving away shit because like You know why not you want to slightly time it So like you kind of have that excitement And you move down into that kind of like desperation But you don't want to long that type of you know desperation You want to kind of see it grind higher and maybe start stopping some shorts out And that's where you want to start kind of Starting a long position and then as we kind of move a bit higher and we kind of maybe stagger You want to keep adding there? And then once we get that excitement and you feel it on tape where You you know, it's you can feel in your bones, you know where we're getting those green prints going through Everyone is excited. Everyone is just saying hot chick hot chick hot chick amazing. Boo. Boo. Boo. That's where I'm starting so I like that I like that a lot. I feel like I feel like that's a really in-depth way to to add because you're saying like you're almost adding Shorts pain like you're like you're adding in to people who refuse to cover And like the shorts are just adding a little bit here adding a little bit here adding a little bit here And by the time it was parabolic now you're adding as a as a long into the times when like shorts are buying with you So yeah, not only are people buying it shorts are stopping out buying the stock up And then you are gonna be the first one to get out too by the time because by the time they're just figuring out What the fuck happened? You're already gone and you're like i'm down. Yeah 100 and people are like, oh you're in and out so quick or you're this So quick but bro Like i'm just taking my money and running. I don't trust any of these stocks at all I that's true because for you like you're probably one of the most strict um Like with risk that i've seen along by Australia's like I don't I've only seen you take in like three years like one decent loss And that was the fucking uh the news one That was that was that was fun. But wait, but whatever that was that but again three years That's nothing and also like on your day to day if I see you take a loss It's usually like 10 cents like even on like a higher priced stock. So like yeah, all right I got stopped like i'm stopped guys. Hi Yeah, but like How did you do like why are you so tight on your like stops like have you ever considered being more smaller? But like scaling or like did how did you come to be that someone who just gets in at their size? They want kind of and then like keep your wrist so tight and like how long did it take you to kind of develop that? um For that type of shit, uh Well, see the thing is is that I always wanted to know that I wanted to maintain a tight risk because i'm a stubborn person Yeah, um, i'm really stubborn and so if I don't have a hard stop in i'm not i'm not gonna want to Get out of that type of position. You know, i'm i'm so fucking stubborn Like yeah, i'm i'm such a piece of shit where it's like i'm a stubborn guy right and so For me, um I guess like, uh I don't know like I just I just really said like this is all i'm risking and like You better get a good entry because this is it So yeah, i'm either right right away or i'm not right at all and You know, a lot of people are like wow, you only got stopped out for 10 cents But it's like no my plan is to get stopped out for 10 20 30 cents like that is all i'm willing to risk and uh So I I i'm very disciplined to kind of myself the right way, you know Yeah, well, I mean it's cool because like dude How many long buy straighters do we talk about that we see like There'll be long some at three dollars then they add it to 80 then they add it to 60 and 220 and two And then that's like this shit is going the wrong way brother This isn't doing the right thing like and it's like for you It's like I think that every long buy straighter in the room would benefit from keeping that kind of tight risk like Getting into your spot waiting for your perfect entry and then keeping that tight risk I feel like You're one of the only guys I see do that whereas like again The losing long buy straighters are the ones that are like if you find Unless it was your plan from the start Because you can trade whoever you want but unless your plan from the start was like I'm going to long summit three and then summit two You're fucked You're fucked like if you find yourself starting to like scale down. It's like The fuck happened. The problem is that the shorts are just going to keep adding with you Yeah, right. It's never going to bounce. You need you need situations where people are short and They're caught off guard by that mode where they're confidently short, right? You need confident shorts I I loved cei today. I didn't take it but You I know how confident you and Alex were Yeah, and that was okay for me because like I had such a low average I knew you guys were adding higher like That's that's it's good for both of us in that type of situation And I understood the amount of supply. I understood the amount of you know, whatever I was not looking for a big move on that at all or fuck I'm such a retard. I didn't even fucking trade that but I'm talking as if I would have fucking traded it But yeah, um, you know, uh You know, uh, I was I was watching it Like I watched it for a long time and I was like, okay, where would I get in? Where would I get out? And I was like, okay, like three three sixty. I'm out. I'm out. I'm out And then it ended up Yeah, because I did the initial type of move and Yeah, I think I think so many longs in the room like they long like broken fucking charts Which I never understand like Like I don't see you long a broken chart very often like you say like it's got to prove itself like if a broken stock Proves that it's like it has potential to go higher. It's different But like I see most people trying to long like these like like see yeah, I technically like yeah It has an opportunity too, but it's like I feel like it's a long That's not where you're now going full size and you're like, all right This is gonna go this is gonna be the big mover like it's just there's so many factors against you and it's like And again that comes down to stock selection like how many times we talk about like If you're picking the wrong stocks to trade That's 90 of why you can't fucking trade because you're just you're trying everything on the wrong stock You're doing the right stuff on the wrong stock. Yeah, so I mean it's your it's your biggest advice. I hear all the time It's alex's it's the same shit. It's just You need to you need to find the right shit like It takes a while dude like it took me a while to figure out what I was good at like I mean it's part of it like I think it's it's part of this but I don't know but I mean, I guess we do have like a bunch of uh questions that you kind of get into Yeah, I say one thing is that yeah, go ahead. The thing is with Uh longing is that you need high volume tickers Right, you know, you need a high volume ticker like cei Even though I didn't trade it. I literally wanted to trade that stock so bad. I was watching it today I watched it kind of get over the high and I was like shit. I didn't get in I didn't get in Oh, well, you know, and that's why I was like kind of talking like I was in it because to me like I was in that trade like even though I didn't have any like money like in it or anything like When I watch tickers and I watch price action and I I watch stuff I I'm literally like I literally like deeply pretend that I'm in it and so You know, if I'm in a type of situation like cei, I'm like, where would I sell? Where would I sell? Where would I sell? You know, and I'm literally just gonna keep doing if and for any advice of anyone You know, if you want to like what is going to be Alex's number one thing when he says Watch price action is going to be get some skin in the game, right? And so I always pretend like I have some type of skin in the game So I'm watching cei. I'm like, I got I got, you know, 5 000 shares long from here Like where am I going to sell? Where am I going to sell? That is the best practice that you can get Because you feel like you have skin in the game and even if you don't, you know You still feel like you do and that's why I said like oh, yeah, I'm looking to sell 360 Like I really was looking to sell 360 and if I had have gotten, you know shares long down there I definitely would have but I think for a lot of long traders The issue is that They want to long stocks before things have gotten, you know going right they want to get in trades, you know Before people have gotten in them before everyone's found out about them before But they just want to get into goddamn early and that's a problem You know, yeah want to get into goddamn early I have a I have a random question that just popped into my head actually I don't know why but I wanted to ask you this for a while now and I completely forgot So how will do you know? 22 You're 22 Jesus fuck so How is someone like I know recently and like we won't get into it because it's private But like I know you talked about like stresses outside of the market like shit that goes on and like I told you about shit That goes on inside of my life and like stuff like that How do you um How do you deal with that stress when it comes to trading because if we know trading is so uh So mental and like so emotional and like How do you how do you deal with shit like that like outside of the market and like does it affect your trading inside and like What do you do to kind of balance that out? Um, well my mom's a counselor. So when I'm home, I have like my own wendy roads. That's cool That has been so probably not as hot as wendy road though. That has been Oh my Jesus Someone's gonna quit this shit. Anyway, um um You know, I have my own kind of like Mother to kind of like help me or if I ever need to like to call my mom like I will because like it's interesting Yeah, she can literally like talk me out of some like situations where like, you know Maybe there's a situation where There's a family issue or something like that and that has helped me so fucking much Um, I think another thing is like if I ever feel myself on the verge of getting on a tilt and believe me You can feel it like people who are like, oh, I couldn't feel that coming on You know, if You've watched, you know, a ton of stocks go without you, you know, if you've watched You know, and you've missed like it's better off just to leave and that's some something for someone who has Money, but also you should pretend that you have money, you know, you should pretend that you Don't need to trade today. You should pretend that you don't need, you know anything Because that is what kind of helps me. I speak from the point of someone who has you know done very well, but also You know, you should, you know, pretend that you're like me. What would I fucking do? I'd fucking leave, you know There's times where you just see me leave randomly and people are like, oh, why do you leave? Why do you leave? It's because I watched three stocks go up without me and I know what happens on the backside You know, I I can I can, you know, go to starbucks for five six dollar coffee and avoid, you know Two three grand or four grand worth losses, you know, yeah so well That's cool. Let's go. I don't know why I've always thought about that question But I guess there's never been a good time to ask but yeah, so so let's get through some of these so um This one's like a short bias question. I guess he's like do you scale uh into lines or starting a line? It's no jackpots of short. Um Jackpot jackpot bones is actually I want to represent just go back and check that out. Um for me like I know harry doesn't really scale like interpretation is not much like if small at all, but I know for me like I don't really scale like my scaling is almost just a method of curing clomo So like if I have like a four dollar line and it's at like 350 Like I might short like and let's say I have like 5 000 shares located forward or something like that I might short like 250 shares into pops like like 5 70 5 80 Like whatever like around there because like to be honest like and maybe this is like a weird way to think of it like I don't care if i'm down like 100 or 200 dollars like on the front side because it's just like that's like nothing And it's just enough to make me like Kind of have skin in the game like harry was talking about in focus And then the second it gets to my line and gives me that kind of confirmation like that's kind of where i'm gonna That's where i'm just going to hit my size like i'm not I don't have a fantasy order waiting there like if it gets there It does what I wanted to i'm just going to like take hit the bid and like get in um So far scaling like that's kind of how that's kind of how I do it. Yeah I mean for me it's going to be like if there's really going to be for longing and like Maybe Like bow has a different kind of approach to me because I've watched him trade You know for so long like he will scale multiple lines long and he will Scale multiple lines like exiting but for me it's been like there's one area that I want If the area doesn't work. I'm out quick The area doesn't work You know, I mean that's Do you harry do you strictly trade according to your bias or capsize or do you dabble in other areas? Swing trades large caps, etc. And just don't talk about it and as your account grows Have you started investing in other areas? If so, which ones? Um, I mean for me like I have had swing trades in the past, but like I'm not really a big swing trade guy Um, you know, I'm always going to be invested in the stock market as a whole Like that's something that I'll always preach on Like I'll buy dips. I will Invest long term, you know, but I'm not I don't think that deserves to be in like the large cap trading channel Like oh i'm making this investment and i'm holding it for you know a long time like I don't know like So, I mean I I do that. Um, you know, I I buy dips obviously Yeah, because who the fuck wouldn't And uh You know, I mean that's that's really it, you know, I I'm not really a swing trader. I just Trade, you know, I have my own money. I just you know chill. That's really bad. Yeah I I really only trade my like niche like I I I mean outside of the mark like When it comes to day trading like I'm only fucking trading like what I what we talk about in the room because I've been the guy before who's traded multiple different things or tried to and like honestly like most of the time that shit doesn't work It's like really hard For traders to go back and forth because when you're trading between like large caps and small caps like Not only is your size so different price action is different to me like everything's different and you're just fighting different people So I don't do that as far as outside of the market I actually got some really good advice from Alex and then something I've been doing since I was young Is I've always invested in I do the Warren Buffett method the low cost index funds So I invest in stuff like voo and like I've been like buying that since was trading at like 100 something bucks And like now it's sitting at like 400 So it's like that's all I do like I wait for dips and like I you know I get in and I contribute Most of like a large portion of my paycheck action to my retirement And then I just buy these things and it's like it's kind of amazing to see how much it's gone up and Um same with crypto like I lately actually as for a long time now I've been like I buy ethereum and bitcoin. That's it. I don't buy any of the shit coins like fuck that dumb shit But I just buy a little bit of ethereum and bitcoin and I use a small portion of money that I don't give a shit If it goes to zero In that way like I can kind of continuously do that and like not stress it And that's like kind of been like what my focus is actually the last couple years Um, you want to find a good question in there? I'm just looking around like people ask about like what do you do for drinking? And like, you know, like not really a lot of Let's see I don't people are people are asking about like spies and m i c and like spies in other rooms like that I'm telling you the best thing you can do for your trading career is like stop caring about shit like that Like dumb shit in like the trading community like Twitter is a great place and like I've met some really good friends and like it's amazing But like stop giving a shit about all that the stupid like dumb dramas and stuff It does nothing to your wall. No one no one gives a fuck about that. Like if you make money, I don't care about that shit um Question for the podcast When you wake up still drunk how drunk, you know, are you before you decide not to trade? Uh It's actually not a bad question for me. That's a pretty good question I gotta be pretty knocked the fuck out like James knows I need to be pretty not the thing is is that When you're when you're successful and quote-unquote successful or quote-unquote good at something like I I don't brag like, you know, I'm fucking, you know, not like that, but uh I gotta know you get a feeling where you know like, all right, buddy It's not happening today. You know So I literally I'll get my brain like my brain will be like Can we salvage this day because anytime I go out? I'm like, I Automatically assume that the next day I cannot work. I cannot do anything. That's it So my brain will be like, can we salvage this day if my brain is like, yeah Then I'm like, all right, we can salvage it Go to Starbucks get a fat coffee, you know, drink a lot of water get some ibuprofen get some medication to me You know, that's what my kind of process is on it. But You know, if I'm just too out of it, like I know like There was an election in Canada and uh, you know Pretty pretty pretty knocked after that one. So uh, didn't I feel like that's like it is a funny question, but it's also like really real true because a good question because it's like The fact is like as you get more experience, like sure like you can also you can trade like fucking drunk You can trade like high you can do whatever you want. I don't like to do any of that shit because I just find like trading for me Like I need to be in the perfect mindset and if I'm not at all If I'm distracted like those are my days where I usually take a red day So like especially like if I'm fucking hungover like I feel like garbage like which I try to stop doing I try to not really drink on the weekdays, but um If I do it's like I just He's like I'll go do a live contest see who can do more shots No, which moderators have better bromance aloha and harry or tom and james like I fuck I fucking hate tom. So, um, yeah Do a podcast where you read edibles like no What are these questions like bro come on like ask me some real fucking shit What signals do you look for that tell you you can cut a position earlier than you planned for me? It's going to be a stuff For james you want to I thought you were gonna keep going you could cut a position earlier than you planned It's going to be a probably a green candle like massive teleport or something. I don't know For me, it's like either a time stop like things just like don't really feel like right Or yeah, like a massive candle through my fucking line. Like that's it. Like yeah That's your point time stop fucking keep Austin taught me well, I remember when Austin was teaching preaching about that and I was like, dude These are fucking awesome Like time stops are one of the biggest difference makers in my trading because like now I you just you aren't getting caught And was like dumb fucking how like this is this is actually a decent one How do you determine taking liquidity versus adding for me if I'm going to add liquidity? It's going to be like more of like a plan type of thing If I'm going to take liquidity, it's going to be more of like unplanned, but I know that I'm going to make money right away Yep, yeah, I generally don't add Add liquidity to be honest with you. I'm pretty much always like hitting the bid to get in I don't know. It's it's I only add liquidity if I need to like set fantasy orders to like prevent myself from doing something dumb But most of that I'm just like I'm fine waiting for my spot and I'll just Hit the bid when it gets there What patterns have you found worked in the last year 2020 compared to now? For me, I found a lot of things in 2020 would run at the open Now we're seeing a lot of things kind of fading off at the open and picking back up in the afternoon James I think I think 2020 as a short there was like all these like um I would say there's a lot of like pre-market like stocks that would like gap up and then like kind of tank towards the open And pre-market trading seemed a lot easier even with all the volume And like there was much more range pre-market and now it's like Now like I feel like you have to wait all pre-market to like get a safe short And I just think it makes more sense and like something I want to say even before you read the next question Like guys like when you have opportunity to ask like mods and like other traders questions like Don't waste it. I'm not saying these questions are dumb But don't waste it asking dumb questions either Like bow has said this recently like pair and I want to talk about like being a mod like what that fucking what you deal with like on the day daily basis like Guys if if you are a musician and you get the chance to talk to fucking Jimi Hendrix or someone like some great musician You're not gonna waste your fucking time asking dumb questions Like like stuff that you could figure out on your own stuff that you could really realize and like but These are the times like especially when you're talking about about everybody like ask deep meaningful questions about trading That only experienced traders know stuff other stuff like forget that shit Like it really you got to find that stuff on your own in mind. You know like really put the work in Like what edible you take or what fucking drink you drink is not gonna make you a better trader You can DM me that and I'll tell you but but no, I mean we're I didn't realize that we're coming up on like a fucking hour No, I know I know Fucking thing How should a trader trains their trading once they cross PDT you shouldn't Agreed You just shouldn't that's the last question. So Yeah, perfect. I again guys like A lot of these questions like they come with experience as well like you'll get them over time but the reality is like Take advantage of like being M. I see right now is going into a transitionary period where like I was just talking about that we're becoming seriously the Harvard of trading and There's no more monthly memberships. It's all fucking either annual or lifetime. So it's people that actually give a shit to do this You're paying good money to invest in your life Don't fucking waste it like come here. Put in the work and you're gonna get something out of it And if you're coming here and you're just fucking around like the reality is like it's you're It's just gonna be a really hard for you to make it in this but if you come in you want to be surrounded by like-minded people like You're gonna find success and you're gonna make a fuck ton of money like Yeah, I definitely agree. I definitely agree just on all that like there's so many people who have came in to monthly to unfortunately Bowen Alex have had to deal with like trolls and like all this shit And it's just crazy and the thing is is that bow and Alex are so nice. They're like we'll refund you to leave Like what I would never I would never heard anything like that. Like I literally see bow. He's like now You know, you you don't have the right mindset for this like you We'll we'll pay for you to like that's insane. Anyway We're coming up on the anymore, but yeah, I know I'm fucking wiped in fucking There's a good one. That's a good one, but definitely good chat. Definitely good chat talking about things and uh Yeah, uh, we'll see you guys for the next one. Yeah You