 I'm one of the co-founders of MyInvestingClub.com and I wanna let you guys know about something special we're doing for our viewers on YouTube. So the most common question we get asked is, you know, how do I start day trading? So what me and my mentor about is, we create a free two hour mentorship course for the brand new trader. It's gonna be available at MyInvestingClub.co. The link is gonna be right here. This is a free webinar that reveals our 12 secrets that every single brand new day trader should know before they start. I also wanna let you guys know about something that's very unique to MIC. So if you have any questions about trading or you're curious about trading or you don't know if MIC is the right fit for you, now you can text our head mentor, Tosh, whose number is gonna be right here and he'll answer all the questions that you have in less than 24 hours. Thank you and enjoy the video. Hey guys, welcome to another edition of the trading, that trading fish daily recap. It's been a long time since we did one. Today seems very warranted for another version because dude, look at this Kodak stock. Have you seen this stuff? Went from $2 the other day. My gosh, look at this sucker, man. So one new, loaded it, wrote it from two bucks to three bucks. So whoever knew should go to prison because it's not fair for the rest of us. We were chasing the same. So it went from $2 to freaking 50. Let me see where it went to 50, 60. Holy crap, 60. So we had to do one, just had to do one. But before we do this, okay, we're gonna put a little disclaimer now. Everything you're hearing from me, I mean, I'm not an advisor guys. I'm just here to help you guys learn what's going on. So don't take my advice for personal stock advice. I'm not registered. I have shares of this stuff, I traded it. This is educational only. Heck, it's not even educational, it's for fun. Things I say is not even true, so don't take it as fact, okay? So, okay, what it does is another word is ETV, easy to blow up. I don't know what else to explain to you guys. I have a big discipline issue too. Shit, I'm on a diet. My bag's a chip laying around the house. I'm gonna fucking pick up the bag of chips and fucking eat it. You know, the only way I do it is just throw all the fucking chips away in my house. So, if you do not want to blow up, throw away these stickers. Put it off of your screen. Don't even fucking look at it. The moment you look at it, you're gonna want it. Like fucking eating potato chips, dude. I fucking stayed up all night eating too. I was supposed to be on the diet. But it's in my fucking refrigerator because it's in my pantry. And I'm like, dude, I gotta fucking eat it. This is why Alex and I walk around the neighborhood every freaking Monday and Tuesday talking about this stuff. Trading is as much mental as it is technical. You can be the most technical person in the universe, have the best strategies in the universe. You know, we at MIC have winning strategies that work, dude. It fucking works. There's no way around it. It's proven it works. The problem that doesn't work is you, the operator, the guy that's trading, the guy that's clicking. And you do not have the discipline to execute it and to wait and to have proper risk management. You will blow up. It's not the strategy's fault, guys. It's your fault. And we talk about this every Monday and Tuesday. Even I fuck up all the time because of lack of discipline. So what we need to do is put around a fence around our trading, right, guys? And I keep telling everybody, put a max daily loss on the broker side level. Call your freaking broker and say, I only want to lose $2,000 a day. Shut me down. If I have a $30,000 account, $40,000 account, I should not be losing fucking half of my account. Call them up. Max daily loss, 5,000. Worst case, 5,000. You fuck up worst case and lock your fucking account. You know what I'm saying? It's those scenarios that happen, man. You just, I don't know how else to tell you because I've been through this and this is something that no one taught me. And this is why people blow up their accounts. They don't fucking understand that how can a scenario like this happen? But it happens all the time. So set your max data loss on the broker level. I've never done that before. I didn't even know it existed. No one told me that. That's how I blew up a lot of accounts before. But now with the max data loss, boom. It hits a certain point, boom. I cannot keep adding as a loser. There's two restrictions. There's the max daily size. Like I can't get more than 5,000 shares of the stock for instance, right? So at least it mitigates the damage. And then another layer is max daily loss. And then 420. So that's what I was staring at guys. I was staring at this seven day chart. And I'm like, okay, it breaks 320, I'm screwed. This thing is going through that. So that's why I was like screw it. I'm gonna take some off. And then when it tanked down so much, I was like, okay, maybe it's weak. Maybe it's fake. Because then I know what the top is so that I started to scale. And then when it broke down, I said, screw it, dude. I didn't want to mess with it. There was too much volume. Basically there are plays that you do not understand. HTBX, I do not understand. So I passed it up and it's okay. There's no ego. Other people banked on it and I'm cool. I don't need to bank on every stock. I'm not the expert of all things. If I do not understand how a stock trades, if I do not understand the pattern that the stock trades, it becomes just too random for me. It may make sense to other people but it does not make sense to me. So once again, you have to fit your trading around your personality. So I used the pre-market situation, which basically, so I shorted it. My whole game plan was I'm gonna short the highs and cover down to the lows, which was a 1080 line. So I used this as the low. You see this? That's all I did. I didn't expect it to dump. I thought I was gonna go back up to give me another trade because it's too early. It's just, you know, it just, I held it and then I'm like zombie hours coming. I was like, you know what, man? I just took my trade. So the point once again is this. You have to come up with a strategy and stick to the plan. You can't be like rabbit hunting the last river card and thinking, oh shit, what should I have done? If this was your plan to hold it, then hold it. My plan was not to hold it. I was okay going from 1140, 1130 down to the 1080s. I made my 50 cents. Hiker, scalper, whatever you wanna call it, I don't really care. That was my plan for this stock because this once again was not my main stock guys. The view up was here at this time. You're 20, you're 30 cents away. If you do a balance, it should be off of this line, which I covered, but then it didn't go back up and went down. So you must stop out and you would have died. It's not worth it in my opinion because this is not a strong stock with a lot of volume. Kodak on the other hand, every single dip you should buy. Go long, strong stocks guys. If you want to cherry pick bottoms and bouncers, you gotta be quick. You gotta be in and gotta be out. You gotta put your stops because you're gonna fucking, if you do not put the stops and you turn your neck around and you bought where I covered, which is the bottom of this. You turn around, you're selling it for a dollar lower guys. That's the fear of these stocks. You can whipsaw up, it can tank back down. So you gotta be careful about buying long, weak stocks. Do not break, you're fighting the trend when you do that. This is the classic trade guys. You should look for these. This is kind of in my opinion, like the easy one hit, you're done for the day kind of thing. That's a good gene. So what gene did was this, gene popped up way early in the morning and it tanked all the way down. All I did was this guys. I shorted it around 460 line. How did I get to 460 line? Which is basically view up. Simple as that guys. I forgot where I drew it, but I drew it around here. I used a line chart once again. You can use whatever method you want. And I saw some right here, you see this little notch? That's all I did and it coincided with the view up. The next notch would have been up here and you'd better stop out if it breaks this because it can go back up here. That's all I did guys, very simple, very simple. You don't need to look for notches, look for the view up. The stock that's down so much, it's gonna do the first resistance at the view up. And once again, this is the first resistance strategy that I'd used. It says that it's coming far from a deviation from the view up. The view up is where most buys are because that's the average weight of volume that basically says the over underline for back holders. And so if I was a back holder, I'm down like freaking 30, 40 cents. I'm just hoping to break even. So that's why you always have a little bit of resistance when you come back up. And all I did was I just shorted here. I had another one up here to scale. And then when we went back down, I covered it. And where did I cover it down? I covered it down here. You see this? This cover here, this cover here. That's it. I got the bottom of that and it bounced up. I could have reshorted it under this, but I was busy and it was zombie or whatever. And so it comes down. So once again guys, the goal of trading is not to get the tops and the bottoms of all these things because it's very hard and pretty much impossible to do it all the time. No repeats. Impossible to get the bottoms and impossible to get the tops every single time. Your job is to find the trend. Your job is to make the meat of the move. This was one of these trades where you needed confidence in your lines. You needed confidence in your system because it shot up so fast, boom. And if you had any doubts, you would cancel your order or you would not short it. But I trust so much in this system and it's all it is. So my plan was just to do a simple 460 to 420, make my money in 40 cents, move the hell on. That's it. These add up guys. These all add up. Any questions on this trade? We're leading up to the Kodak stuff. So the Kodak stuff is the new stuff that we're learning with the Holtz. I'll talk about that. Val, a very live trainer, using live charts. I'm using live charts, everything dude. I'm using candles, I'm using lines, I'm using volume. Put it up guys. You guys remember, you don't have to have just one type of chart. You can have multiple charts with multiple time frames. I happen to use one minute, you can use five minutes, three minutes, it's up to you man. You have to use a thing that matches your strategy. What was your stop on Jean? People always ask what's my stop on these things? The stop on Jean, I usually do two lines and then I wait. I have two ads, okay? So on Jean, I had the, like I just told you right here, the 460 you see is low notch and then up to here. And then over this, over 470 I probably stop out. Cause then this would be gonna hit to five bucks. 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. If you have any questions about MIC or any general trading questions, please text Tosh using the number here. Also stay up to date by watching some of our most recent videos right over here.