 All right record on this computer Joe. We are recording man. Tell me everything bro. Tell me everything Is it a Silverado? Is it gray? Is it black? Why do you wash it? What happened? No, I just You know, it's every time you go wash your truck it always rains Joe we're getting a little bit of an echo on echo man. Sorry hang on Not that we don't want to hear you four or five times every time you speak but damn dude So guys what this is is this is a this is our head moderator Joe Kelly the creator of the accelerator course for those who don't know We like to just open this up to a Q&A man So if you guys have any questions definitely post them on the YouTube channel will answer them live as this is live And then for any members, you know post them in the webinars channel right now And we will answer your questions and if you have no questions, then this will just become a talk show And we'll talk about what we had for dinner. I'm just gonna be a podcast for the next 45 minutes So, how do you feel about Millennials? Right, right. Oh Man, the selfie generation. Let's see if we got anything on the old YouTube Yep. Oh man, that's an interesting place. Hello from Compton, Arkansas. Yo, that's a place Compton, Arkansas. I thought he made Compton L.A. That's like that's like the redneck hood. That's like That's like What's up brother, dude What's up man Compton in the house Compton Except when they say it they're like Campton Yes, not to be confused ice cubes Compton. Yeah. Oh Man, that's funny Faye, you got people on YouTube that are trying to hit up hit you up in your DMs They're trying to slide in your DM. So man see you found out she was a girl You found out she got money and this is what happens, bro Everybody wants a shot a girl that got money all of a sudden she What's that rap song That was like what 2003 that's so funny. Oh, yeah, I forgot your your Joe's your Joe's side chick, right? Man, I say that with love you would be the main chick Faye, but you got to get the wife out of the picture first and then you'll become the main chick You're like you're like the you like the farmer pump That's that's creeping up and you know, he's gonna get into it and replace the former hot chick with a new hot chick But you're almost there. It's just one divorce away I'm telling you man, I'd be I'd be broke if I ever got divorced Dude, I'm gonna tell you right now. I'd be ruined bro. It's so funny man So I've always like my parents so I grew up Very middle-class right like very middle-class, but dude I swear to God living in LA all my parents friends were mega mega wealthy dude I'm talking about literally somewhere billionaires and every single one of them that had money and I'm talking about money money Never get married. It is the single financial dumbest decision Cuz you know all the motherfuckers have been through two and three divorces. Oh, yeah, 100% Does a stop-loss order always fill David on YouTube ass the answer to that is no Chicago had a He's had a story about this you can ask him and in his DMs or whatever, but I believe it's arc most stops get routed through arca and Arca has a slippage number. So let's say it becomes like a super illiquid ticker and Let's say you set a stop at five the stop triggers, but the next closest ask is 560 like you're trying to cover right you're trying to exit In the next closest ask is 560 and then it just keeps skipping up 566 650 and it just keeps going I believe that that band it's like a it's a slippage band I don't know the exact terminology for it. I think with arca. It's more than if there's more than 50 cents deficit A slippage from your stop that you set says so you set a hard stop at five It breaks five and screams all the way to 560 with no other prints like it just goes five and then boop 560 Nobody's hitting the bids. Nobody's hitting anything. It's just spreads wide out and it just skips right up then your Your stop will be skipped And it'll just sit there until it gets back within the range or until you cancel your order and then get out But all market makers reserve like this Slippage factor to not execute orders within a certain range of blah blah freaking ask the broker That's the short answer to that. Yeah. Yeah No, the stop order will not always fill. Yep. So that's where we got to Perfectly we took the scenic route If you if you guys are using Hard stops guys market hard stop always it's gonna leave you in a lot of your stress Again, this is not investment advice But this is what we do and I would recommend to do the exact same For me, it's always a market stop. Yeah, it's it's always a market stop man Because then you then you're literally just going to know that you have a 99.99999 chance of getting filled So if not a hundred So last thing I want to do is walk out get a fucking smoothie and come back and be like wow My stop limit didn't fill on this micro float and now I'm down $7 And that's when you wish you use 50 shares and not How did you adjust your strategies doing this high volume COVID time Patience that's it. I literally I'll never change my strategy man The strategy remains the same bro outer lines death candles death lines It's just a matter of patience right here is a test to patients I would love to try be a win today, but I'm not going to why would I do that in this market? These are running I'm gonna wait till tomorrow wait for a top to form or wait for something to happen Like there's there's no edge in my opinion right now I swear like SNDE right there wait until 350 breaks once 350 breaks short pops That was what we talked about. Yep. That was about nice. Oh Jen Oh Jen wants 170 breaks short pops dude seriously OBLG That kind of looks day-to-ish, but you know once 350 broke. That's a wrap How do you feel about something that runs after hours? I actually have always kind of considered these day ones even though they technically Right, I do to I consider them a day one if it happens in after hours because it's like it In my mind, it's like day one right. Yeah, if there's any kind of run-up like 10% or more like day one Yeah, like even in the last That's like it's just like a little creep up then no that's kind of a day two in that situation for sure Yeah, I agree with you there when day trading Do you guys have one or two favorite timeframes in order to enter follow? Or exit your positions just three minute for me all the time I mean, I'll know I'll never change my time frame unless I'm like, oh, hey pumper just got in something Okay, let me check the daily chart. Oh, it's shit. Yeah, I could have figured and then back to a three minute like that Oh Would you look at that? Okay back shocker. Yeah Me it's just a daily and then since I mainly do big caps It's a five-minute chart because that's what a lot of other intraday big cap traders look at is a five minutes So I kind of you know, I want to look at timeframes that other people are looking at That way that you know, we trade technical patterns And so we want to see the same patterns that other people are seeing that way that they become self-fulfilling prophecies So Yeah, only three minutes I didn't live up to phase expectations Phase phase phase different than any one of us man. She's probably using like a six and a half minute chart She got some Yeah, I use a seven minute because the seven minute is an interval of 14 which then if you multiply to 28 subtract three, that's 25 add six That's 31 take one away. That's 30. I choose a seven and a half minute. That's just my preference Dude, you guys are made for each other man. I'm telling you I'm voting for Faye dude Asks What is the best pattern for day trading? My personal opinion that we teach bro first red day Yes, that's Joe's definite comfort zone right there mine. It's gonna make you the most money It's gonna be the first red day for sure, especially if you don't know jack shit Yeah, I would say man that you know anything that we teach If we have legitimately made it one of these like let me pull back up if we have yeah If we if we cat if we if we Lock it down as an actual as an actual strategy like an M. I see. Yeah train strategy. They're all the best There's four or five other ones that we teach within these five, you know So I would probably say there's probably like 10 total that we talk about You know in several of those probably three or four three of those are probably in Big caps that add to that and so but a lot of these same strategies right here apply to big caps. So yep, it's a You know it you know how the process goes, you know how we trade these patterns then I mean you can walk into any market almost any market besides Like death line that's probably not gonna work for you in any market Well, guys, this is why this is why we literally are like screaming at the rooftops If you know nothing about trading or you don't even want to commit to an annual membership or a lifetime yet, dude Get the accelerator course. We've taught in this for eight hours It took us six months to make on everything that's ever been taught in M. I see like this is M. I see in a nutshell Dude, seriously. Yeah, it's two years of content condensed down into Eight hours seven hours and 45 whatever. Yeah, it's it's and it's all freshly recorded. Nothing. Nothing regurgitated Nothing old. It's all that so answer. What is the best pattern for day trading? I'm still Anyone yeah, any of those could be good, but it just depends on small caps Large caps, you know, what what is the situation here for large man, dude to be honest with you first red day is Probably the strategy that applies in in a lot of markets. Yeah, Joe, that's probably I mean it depends on how you ask the question, right? Sure, exactly. It's like what's the best long pattern? Well, oh hundred percent. It's a very different answer. What's the best short? If you ask the question, what's the best pattern? I think they're all equally Unbelievable, but if you want to ask like hey, dude, I'm new what's gonna make me the most money and be the easiest to understand Probably the first red day. Yeah, it is the it's like you can't fuck it up You can't mess that up could do your job If you mess that if you're like if you mess up the first red day, you're just kind of like all right Well, I'll be on the roof. That's when you go back to working at the Honda dealership But my point is what we're saying sir, would you like a car wash today? You couldn't nail the first red day. Could you? Yeah problem with the first red day guys There's only one problem is it's probably the most rare out of the place But it's the easiest to understand it's the most profitable, but it's a Damn hard to get the borrows to roll. It is a small cap if it's a small cap the borrows are gonna be so expensive There it's it's just yeah, I mean I That's why you know, I loved the first red day and I still love the first red I shouldn't say that in past tense I Love first red day setups to a point where you know, I got so tired of having to pay Like that's the setup I really love that I can really put some pedal behind like some metal to pedal to the metal situation You couldn't say that right, but it's like that's the one that like I can really put some conviction and some size behind and The rest of the five, you know, I like them and I can trade them and I do trade them daily, but You know, I don't put size behind them. It's just you know I'm scalping in between here and there just tinkering around until the next good first red day comes along and then I'm like Yes, well in the reason you know Yet to but the problem so that's why I made I was saying all that say that's why I made the switch to large caps Because there's no fucking borrow dude There's no borrow fee and I can also just trade it in the options and have an exponentially larger gain Well, the thing that I love about the first red day Which I want to kind of capitalize on what Joe just said is I'll tell you this man. It is probably the most Psychological based strategy there is next to low-hanging fruit But even low-hanging fruit break a lot of the rules man first that day dude It literally gives everyone from their grandma to the family dog a Reason to sell the stock that has been long for a multi-day runner It's been a thing since yes like Jesse Livermore like it's been a thing since Livermore days. Yeah It's it's just completely in total psychological how we trade it. That's the proprietary part Hey, Joe, I got a question for you. Do you like the do you like the first red day? It more in big caps or small caps bro because I technically like it more in big caps I'm gonna agree with you there because I think you get a better risk to reward. That's because because a real true first red day and small caps is Bro, it's so few and far between and Many of the times when it's first red day shits gaping down like 30% and you're like how in the fuck am I gonna get a Good risk out of that. Yes, you know You just go down but you might be down a lot first But you're just so right it on it because the psychology side of it But again, man, sometimes I'll really fuck up an entry on a small cap first red day But dude on a big cap first red day they I swear to God they're like 10,000 times easier Yeah, I would agree with you like that Tesla trade that Alex made like a hundred K that one day on the first red day of Dude, yeah doesn't get more clear than that. All right, dude for real Do you place the stop loss after you place your trade or do you use a hot key? That comes with the stop loss I Don't hate the idea of using a hot key to load the order But I always do it manually, you know But if you're somebody that likes to you know, like if you hit f4 Like it loads a stop order and all you have to do is change the price You know that okay to cut down on time. I could see that for me I just do it manually because I'm pretty fast at the old clicker Yep, what about I know I know Tosh is the same way, so Let's see here And in the wheel of fortune, yeah, yeah And then it's like Bankrupt right I'm being asked Let's see here We're two pump jumps and tech markets looking a little double toppy Just to kind of get look at the cues. I mean take a look at the cues and tell me that doesn't look double toppy Bring on some cues once I Detest this sucker Let's see what the cute cute cute Look at the daily 15 year. Oh, hello Zoom in. I mean like look that looks pretty double toppy to me If Dublin toplan like yeah that that level right there, man so That would be the level to break man because this is just a wick this is panic like obviously I put a resistance line there too But this is what you're looking at. Yep. I always go where the base is pretty much. That's what she said. Oh hell. Yeah Sorry, that was inappropriate I don't think anything's gonna appropriate these days on these webinars man. This is a talk show That was inappropriate. Joe. What do you know? Let's see. What do you look at? Full disclosure? I'm short the cues I'm short See he had an agenda the whole time and there's an agenda behind that Bro, I don't believe in the you know, but I just think that Here's the thesis and I'll just explain it and I could be wrong. I could be wrong last webinar on the spy, bro Yep, it broke it and went man, and it's there and it's there So I think just based on like netflix's earnings Being such a like when tech rallied Like on monday netflix had zero follow through until late late late in the day Like you see where it just tanked all the way down and then and then finally I mean just and there's the earnings and then Next day pretty much like a non-event just flat And then the next day after that it jams from From 495 up to try to break 500 and then sells right back off And then it finally catches that rally into the close with the cues and And now it's just been met with constant selling just selling selling selling selling And then today Snap, you know their earnings were Nobody was overly impressed And and so it's I mean it's gapped down a bunch and so I just think personally in my opinion that Tech is not living up In terms of earnings to the run-up so far. So I took a small speculative position on some puts In the cues, you know, they they won't expire until late august You know small small little little baby feeler and If it breaks 270 at the cues break 270 I'll stop out and I'll probably lose about 250 bucks and But if we continue to sell off After more earnings continue to come out like today after ours is tesla and so tesla disappoints, which never does But if they do Then the cues should have a pullback along with that So it's really just kind of like a proxy thing and I'm just I'm just it's It's a speculative thing. I'm looking at the chart pattern and I'm going Okay Like it should have reclaimed when it went from when the cues went from 260 jammed all the way to 270 It shouldn't have stuffed like you see that big run That's like There's a massive run a freaking massive run And then it just sells hard and I'm like, okay. All right. If there was a time to get going that was the time to get going However, when they did that massive run, you know Netflix didn't follow the run everything else did that hadn't reported earnings So netflix didn't follow the run at all zoom followed uh, navidia followed uh Roku followed. Let me stop here for a second I had a guy ask me the other day. He goes, what's the difference between a waterfall and a death channel? That's what a waterfall I thought you were gonna tell me some kind of like dad joke. What's the difference between a waterfall and I was like, oh boy. Here we go. This is gonna be a good one Don't get this confused with what osso was saying was a glacier fall or a geyser I got a I got a joke for you. I got a joke for you. What's the what what does um Sorry What does beyond meat and a dildo have in common? Oh god Tell me they're both meat replacements. I knew it I can't I just You want to know who told me that joke I My wife The old ball and I was like What And oh man, she was cracking up and I was like because she's not that funny. She's funny She's fun to be around but she's like she doesn't like say like Clever things like funny clever things Most often she doesn't um But all of a sudden she's got all these jokes and I'm like, where the hell are you getting all these jokes from? And yeah, I'm like, what the f Hey, dude, you like my wife's not that funny I'm like, it's not that funny and all of a sudden she's busting out these jokes and I'm like, where are you getting this from? To quote ben stiller's dad jerry stiller and the heartbreak kid. Funny's a male genie. You idiot I thought that that was one of the funniest lines. Of course. She's a little managed Funny Oh man, she I was like, what did you say? Oh man, I'll tell you funny is probably a male and female gene but being a clown is a male I actually think she used oh my gosh. I remember what she said I relate it to the stock market because you know beyond meat everybody's gonna understand that but she actually said What does tofu and a dildo have in common and I was like, oh boy. What? Oh dear What is tofu? Well, no joke. No joke. You're gonna die So I'm not a huge meat eater, but I'm not a vegetarian like most people think like I eat a lot of meat Just not like joe would nobody would have guessed that if they saw your plate Nobody would guess that at the restaurant in philly. Yeah, exactly like dude You looked like you'd killed the cow like it was so bloody. It was like I remember that night You just they're just like slopping your steak and it's like blood's just this pool of blood and you're just like Bro, so I'm at the house the other night. My girl's in cali for two weeks and she handles all the cooking I can't cook air. Dude. Yeah, that's what they were saying was she's like a professional chef almost Well, practically man, like she actually wanted to go on like iron chef and shit like that She's so good, but she's uh, she's actually an event planner. She does things like that But she's okay, dude. She's like a world star fucking chef And again, man, I could barely make cereal, dude I could trade my ass off, but I can't make food. So she's been away, man And I am so damn lazy and I don't even know what to go get in a grocery store unless it's like a ready-made smoothie Right, so we had one thing, bro. We had one thing in the fridge and she's big on that tofu shit I tried to make it the other night, dude. Oh, you would have thought I was cooking a maker's cat Dude, it was the most disgusting Dude, you were like hitting me out What the fuck? I started flopping around like a fish I started to chew soybeans Bro, I cooked it. The dog wouldn't even eat it Oh, man That's freaking funny Best indicator for day trading For shorting stock Define I'm gonna say Outside of a common indicator, you know, like RSI, MACD, Stochastics, Fibonacci, stuff like that The easiest and simplest stuff The top three is gonna be VWAP VWAP right here at this blue line Volume and basic technical analysis And I'm gonna show exactly what Joe means And the fourth one I'll add is time of day Well, Joe, check this out, man I'm gonna include all four that you just talked about and why they're important in this exact example So I traded this this morning I've been so mobile and I literally had to drive it to my mom I totally forgot to save charts clock I should have saved them but I slammed this pop at VWAP Because let's go through it This is trading in the morning In the first hour of the day We are short sellers That's where you have the edge I wanted volume into this VWAP pop and why Because it's trading so below VWAP All pre-market It's not ping-ponging like me and Joe talk about It's not bouncing off If it gets to VWAP That's what's considered almost the outer line of the morning So I slammed this I covered lows And then I looked at the volume So literally that's two out of three Now we're three out of three I looked at the volume and I said Dude, this volume is picking up and it's holding the support Because there was a top right here I waited for this and I would have scaled to the top The point is, is everything I did this morning Related to the only four indicators You will ever need of what Joe just said And it was as easy as a trade I've ever done Dude, my favorite In this particular Just like we talked about Is how far below VWAP it is That's my bread and butter bro That is my bread and butter My favorite thing is obviously We'll scale it to Pre-market highs But for me, my favorite risk Is kind of like that level right there Like that little five The top of that Like VWAP where it starts to roll over How did you do that Joe? You don't know how to do that? You're drawing on my charts What the fuck? Dude, don't go through my search history Holy shit How did you do that dude? Here's Taj's number One, two, one Oh fuck His address is Nine, six, five I'm just kidding Nine, six, five, busty lane Yeah How did you do that bro? What the hell? Annotate I didn't even know you could do that Yeah That's awesome man Well shit Joe, you just take it from here bro I can't control your screen I can just write on it The reason why I give The exact level that you just gave bro Is because this Is a line of consolidation Yeah I like that I was having a one on one With a lifetime member And we talked about this exact pattern I was like bro, this is my favorite This is my favorite pattern right now And the reason being is it's very psychological If you think about this VWAP turns very quickly Right? It turns super fast It's like a roller coaster And Michael picked down the line Yeah Where he catches the ball Right here Exactly It's like a roller coaster You get that funny feeling Imagine if you're long Most people are long from up here Around five bucks That's where they're long from And it has such an Exaggerated sell-off So VWAP doesn't chase the price If it chased the price It would be doing the opposite It would be doing this It would have the steep decline But then it would have been doing this And that would have been a very different story That would have been the situation Where Tosh hit it He's not putting a lot of size behind something like that Because it still has the sell-off But VWAP is like still hugging the price So you can't risk VWAP In that particular case It's probably going to touch it again You have to risk above it So that's the case where you're sitting there Waiting for what Tosh talks about Is outer lines at level at 460 Yep, that's exactly right So let's make this Let's even explain even simpler Because it's so under VWAP guys I am using this as like the stop-out point Right? So I'm scaling VWAP up to there Now like Joe said Like Joe said, if it's hugging VWAP Like literally VWAP is right there And it's opening on above Or barely below VWAP And it doesn't have to make a long jump to VWAP Guess where I'm starting this scale I'm not starting the scale at VWAP I am starting the scale right Where Joe placed that top See how it's almost Like two sides of the equation That prior resistance right there Like if it's on or above I'm gonna start at this line And now use up to here That's how you scale in the morning Yep, if VWAP hugs the price And you're a short seller That's the choice of outer levels And then if VWAP is extremely far away From the price which indicates that Nobody's chasing With size down here All the size remains up here In this big clusterfuck And Like that's where everybody stays That dude, the VWAP hug People need to learn How to use VWAP Most people think that It just is like Yeah, it's an over-under situation I literally, dude That phrasing pisses me off Like every time I hear over-under I'm like Especially from Some kind of chat room guru What that means is basically I'm in a position but I have no fucking faith That it's gonna hold so Yeah, so why even tell the room That you're in the position If you have no faith in it Why are you misleading people Into thinking, oh, you know I'm gonna give it an over-under situation Over-under 5 Fuck that If you have a real mind Of where you want to stop out Then say it If this was a true over-under Simply put Then this should have gone This should have fucking broken out It's such a 50-50 situation It's a way to say something And never truly be wrong It's always an out There's no accountability with it It's always an out If you bring that into your trading And you are not disciplined And there's always an out You will hold on to some shit All of a sudden you're gonna be stuck If you guys are like, oh, because you know General outer lines Unfortunately Before we got really good at explaining it Was kind of a general concept, right? Like just hit outer lines. Well, dude, it's indicative On how big's the sell-off Dude, if it's this far down In a VWOP and it's opening down here Or even coming down here, that's the start Of the outer line, bro Because the sell-off is so hard If it is opening on VWOP or playing ping-pong There's your outer line, bro It's two ways to look at it It's predicated On where in relation to VWOP There is and how much volume As you can see, a ton more volume came in here So it tried, but again, it was still so under VWOP and so oversold from pre-market That it couldn't even make it up here And again, this was the start of the skill point If it did, it attached serious volume Which it did So you start scaling here and unfortunately I only got a starter on that What were the other four that ran today? Let's take a look, Joe Let's see, I think we had OBLG Oh, Ogen, dude, Ogen, check this out Check this out, dude, this is exactly What we were just talking about Guess where you hit, Ogen Not anywhere near here It's opening at VWOP And it's plugging at pre-market Outer lines Look at the VWOP This is the big difference here It's a rate of change situation Imagine, like, Bow always uses A starter analogy or turning a corner Like, if you have to Turn the corner super fast Your car's gonna roll, you're gonna tumble You're gonna crash and burn, right? And so it's the same situation In small caps If pre-market This has always been my rule And it's my rule for big caps too It works in big caps as well If all of a sudden VWOP is like this, like, look how flat that is I mean, okay, it's a downtrend Pretty much fucking flat Yo, I don't even look at that as a downtrend, bro Seriously, there are so many squares Yeah, it's just consolidation Dude, I literally look at that as a launch point Yep And I wouldn't even I would have still chosen outer lines in this case Even if we had opened Down here Because of how flat VWOP was And it Simply just means that we touched We're opening down here So that means we're probably gonna touch again So it's an outer line situation Almost every time And the only time you try those inner lines Is on something like OBLG OBLG Like, look at the contrast Of VWOP there Look at the difference Price accelerates away from VWOP VWOP stays very far away The price never touches it That's the money pattern right there To be shorting it at the open Okay, let's go back to that guy's question What's my favorite day trading pattern? If I had to pick one to do This is my intraday pattern Yes, that's exactly what I was about to say If I had to pick a chart That this is the setup I looked for Every single day It would be this setup And I wouldn't do a single damn thing Until I saw this setup And if I didn't see this setup I would be sitting around Trying to fuck around Picking a stock to short In my opinion This is the number one account builder Yeah, the broken day one So heavily The boroughs are usually cheap Yeah, the boroughs are usually cheap Because people are forgetting about it Until it peaks up interest Because here's the thing A lot of times this does just bleed off And you don't get a pop Like we just gave away gold, man How do we pick stocks to trade every day? Well, we just look at the top percent gainers It's, you know, that's I hate to say it But those rooms that pump to you That you need their scanner settings Is hocus pocus, man Don't follow that stuff You don't need to know that stuff Yeah, exactly, it's like That's not oil leaking That's sweat from all the horsepower No, that is Fucking sales techniques Okay, here's rust proofing for you Well, what's rust proofing? No, you need it Here's blinker fluid Make sure you add it every three months Like it Here's vitamin D with your core Like what? What sunscreen? Yeah, exactly I'm just like You don't need scanner settings There's no reason to do it Just look at the top percent If you're going to trade small caps, just look at top percent gainers Look at the stuff that's gapping up And let's not overlook the fact that if you are a part of the MIC You never need to look for a stock again Yeah, you don't even need a scanner Yeah, you don't even need a scanner You get Alex's watch lists Which are fucking $200 a month worth Within themselves I mean, to get a watch list From somebody that's win rate is like 90% Dude, yeah I would've done some nasty shit Back in the day When MIC wasn't a thing to get an AT-09 watch list Like I would've done some nasty Dark back alley shit Like I would've done it I'm just I'm just gonna say it He did it He's not talking about hypotheticals He did that shit We got videotaped How do you think I became head mod? More like the mock game I was just moderator for a little bit Then we met He's now head mod for a reason, bro Oh, man Oh, that's funny Alright, let's see Let's see, can you Oh, MTP, can you analyze MTP from yesterday? Oh, we had somebody mention MXC too I know a lot of people were Just because it was today Let's just do this right now Just because it's literally going on Whoa, that's nasty, man So If I were to attack this Goddamn, this is just such hindsight And I hate to be this guy I really hate to be this guy Because I don't know how I would've truly attacked this So I'm just gonna go off on a limb And say The fact that it's Such a multi It's an after hours mover And then it becomes a pre-market mover And so on the short side, dude The only level I see is a short under that line Right there Once that breaks It's truly broken Until then And doesn't MXC have like an 800,000 share float? Dude, they've got something They're crazy, man, they're like Dude, they burn people today for hundreds of Gs, man Bro, it's like Yeah In the moment I would've seen At 800,000 share float I would've stopped, I would've not even fucking touched it Just to like That's part of the rules, that's part of what we teach So let me give you guys a really cool tip So I didn't trade this today And I'll show you why O, B, L, G, let's go back to the basics Give me your tip I'm gonna give you a tip I'm gonna give you a tip So He gives the base, I give the tip What do you What do you notice, dude? What do you notice on this? This is a down-trender Even D-Wap is down-trending What the fuck do you notice? It makes an easy, obvious short on O, B, L, G MXC, I don't know Whether to reach around Or prepare for something else Yeah, I don't know what to do Not only is this Fuck the open, I'm just trying to do pre-market Not only is this through VWAP Back through VWAP It's an up-trender You better fucking expect If a pumper gets all this, this is breaking eyes That's all I have to say I'm not hitting out of lines on shit like this I'm not doing anything If I wasn't giving the webinar I probably would have If I was at my home in front of my sub I may have attacked this on a 2pm reversal That's the only trade I would have taken on this, dude Yeah, for me The fact that it's an 800k float And you got that dude on YouTube It becomes an obvious target For him to Solicit to the sheep And then it becomes What do you call it? Unnatural price What do you say? Unnatural price action? It's an artificial move, there you go And so, yeah, it's Oh, sorry, for the people asking about Our VWAP explanation that we do Just this recap This Q&A will be on the YouTube channel Once we're done So, just go watch it Yeah, Tay, inorganic Tay is like a thesaurus, bro Have you ever noticed that? Like, if there's a word that you're searching for She fucking knows what it is Like, she just knows Well, mama has had the more life experience She got that mama insight, man I'm telling you, it's like She just knows what we're trying to say I'm telling you I'll be like, hey, you know, I'm trying to say this She's like, da da da I'm trying to say Tay, we didn't say old, we said experienced Yeah, we never said that Go back to MTV yesterday Was it MTP, the runner yesterday? Oh, yeah, but really quick, the one thing I do Is even if You did place MXC today Outer lines, they worked again You could have gotten a nice move there Now, I didn't, because again, I'm not going to be like A hindsight fucking hooro where I'm like, dude I've nailed the shit out of this and all this You don't like these uptrending VWAPS And they're opening on VWAP I know that if a pumper gets old, this is going to whip Through pre-market highs But again, look at the morning move, dude So the guy that was asking Sorry, the guy that was asking About stop losses And the chance of not getting stopped out Zoom in at that market open Sure thing, brother Right here You want me to go closer? Yeah, closer, yeah Well, right here, it closed at 11.30 And I know this is probably because it's a halt But The fact that it opens at 12 That is where This, you would not stop out Even if it was a market stop The market maker would not stop you out Until it came back down to here So, I mean, you would have Shat bricks All the way up to 13 until it slammed back down Within the guidelines Of the market maker situation I'm still watching the YouTube There's your example, real life example Of maybe not being able to get stopped out Joe, that's about the best example You could have given right there, bro, for that You are not getting stopped out right here Yeah, you're not getting stopped out until it gets back within your range You're stopping out up here, bro Yep, because once it opens here I don't know how this candle played out I don't know if it went up first, down first Sideways first, circled first I don't know what it did But It opens at 12 and jams straight to 13 And your stop was like 1130 And it didn't stop you out right here And as soon as it opens right here Your stop's triggered, but it just jams up That's the difference where your Stop is not going to trigger Because it's too far away now And the market makers reserve the right To reject orders like that And it's to protect against market manipulation But it never fucking works It doesn't work that way It never works that way Yeah, it never works that way But I can say with 100% certainty I would have not touched MXC Had I traded a small cap and had it been the thing For one Alex mentioned it was a hot chick of the day So I'm immediately not going to touch it Because that's just not my thing I don't like that Number two, this is the number one reason To be honest with you, outside of Alex's commentary on it The number one reason for me is that float The moment I saw that float I don't care if it's the absolute Sexy start pattern in the world I'm not touching it Because of those mother On streaming That will jam it Intentionally Just to manipulate it And yet, fucking SEC does nothing And just watches these swing and dicks I'm not going to get into that SEC's just got popcorn and laughing You know, I mean It's just They get away with it By hiding behind a disclaimer Don't follow my trades Finger on the buy Finger on the buy And I'm in There's no way to not follow that That's like Joe having a big brisket cookout And saying, don't eat But come on in, don't eat Don't touch anything on the table But You know I didn't suggest it Bullfucking shit The whole neighborhood would show up and eat the brisket Yeah Especially fame What do you think of VWAP On MXC at 1183 And would you see a convincing break VWAP followed by a failed retest Of VWAP as a good sign of weakness So what you just described Is like Tosh's favorite pattern Is a convincing break Of VWAP and a failed retest We call it something else But That right there is like Tosh's favorite thing It tries to make it new high of the day Slams under VWAP And then there you go This literally has a name So what this is guys, if this is doing this And again man we're giving some golden nuggets It's called a trick fuck This is called a premature move If you see something trying to break through VWAP And really try to go during this time frame Premature speculation Premature speculation What's that Joe I said premature speculation This is what's called a premature Spiculation When this can't make it through Dude and it gets stuck It almost has a 0% chance Of coming back Look at the unwind I'll just give you guys a quick random tip I'm not gonna say this But if you guys want to do these Pumper plays, pay attention to the second half Of the day right now I'm just saying I was saying Avoid all this pumper shit Preach Preach Preach Watch for these spiky ejaculation Premature Premature speculations MTP is another one of those situations Where look at it during pre-market I mean this Indicates potential trouble All through that Over Under Over Under It's just An MTP I just wouldn't touch it Because of the VWAP But again I can't say That With certainty I didn't trade it I hate to have an opinion On something that I never traded And can't tell you what my emotions were In the moment It's hard for me to do that I would have never taken a loss If I know Me I would have found a way To trade this motherfucker Dude I'm just gonna be real with you I would have found a way I think I traded this Dude I literally forget everything I think I might have traded this Hold on let me go back to yesterday Did I trade this shit? I can't even remember bro Hold on I know I did something With it I thought Wait can I just look myself up How do I do this again? From at T Bradley Let me just type There we go The last chart I posted This one I'm like how do I search Just choose files Click files instead of messages Right there Those are all of your files There's your screenshots right there Would that be it? Wait no Oh it is it is So guys check this out And I'm gonna clue you in on a little thing here Another little secret man Giving way too much Again I don't like shit like this It's uptrending with VWAP And it opens at VWAP Expect the pumpers to launch this If the pumpers are listening right now They are learning how to even be better Dude and this is a Potential long edge too Like if you zoom in on that One of those patterns out there That one of them teach is like a pre-market breakout And so if this is Something that you want to look for Look for this shit like that's over under VWAP It breaks When it breaks pre-market highs Look to long the dip, risking VWAP Sell the push And see if that's something that works I don't know So when it comes to tops You know I like outer lines and tops Because this did a premature Spiculation Into previous tops There is that failed candle Right there is that failed candle Short the little baby push And you get the follow through See unfortunately I was just so innail and bill Mindset and not focus I should have rode this Smart decision though Smart call See this is one of those things Where it's like I can't tell you what I would have done In the moment This is what Tosh did in the moment Had no faith In this being an actual wash out And having any kind of follow through To the downside After seeing something go from Three to seven I don't think it's going to turn around immediately You know what it could have easily done Could have easily found support right here Faked me out and then it's right back up here Dude serious and that's the thing Joe When this candle happened I literally was Kicking myself like well fuck And then I was like Well should I hit right here and I was like You know what dude I'm just going to chill man So again sometimes I attack them hard Just to kind of Discipline trader Yeah just to show you what the discipline and the thought process was But again guys again Keep it simple as Look dude uptrend and pre-market It is playing ping-pong it's coming through It's going down it's coming through If this is how it looks You wait for the death line That's it that's the only fucking shit That's the only setup Or you long that hoe Long that hoe I mean I'm not saying don't trade it Find a way to trade it there's some edge there Obviously it's just not for me Joe the fact that we have Longed all the stocks that we've warned about Just shows how idiotic we are Look at S&D E Fucking hugs VWAP the entire time And the easiest short The easiest short is waiting for a tank Under VWAP I'm sorry tank under the death line Yeah that or you can do what I do Or if it does that setup right there Yeah beautiful because this is what I do You know I will short in these pushes But I will absolutely risk the top quick No exceptions if it breaks them out Yep Joe we need to charge Like a thousand dollars This is like an accelerator course Times two How to use VWAP How to use VWAP bro seriously It looks like the market's having a little bit Of a rebound here so We'll see if this Cues work out so the spy's looking Nice Dude tell me What the hell is up with spy man Does it know what's happening in the world Dude I Austin said it like a couple weeks ago In one of his webinars and he was like Dude I think the market is just going to fake it till we make it And I Couldn't agree more I could not agree more That's not to say that the cues Are going to go right along with it That's why the Puts that I have Are 260 strike So like down here Like I just want to see us lose This move I just want to see the American economy You're an American bastard Yeah I know right It's just like I just see a potential Short here but I mean the cues are not just Going to fade off with the spy being super Strong So I have Some long positions Against the cue short So I'm kind of like I'm hedged within that So if I lose on the cue Short I'm going to make Like twice as much on the long Side and if I If the cues die Then I'm going to be Basically break even And so it's like Okay I'm just playing With house's money at that point I didn't open like all those trades today It's just kind of How it forms because in August My son has to start virtual school No So it's his first year of school going to be Virtual I mean What a fucking awful time to start school Right first year of school Like that's what a kid loves is to Go to school right in the beginning That's like your favorite thing Is going to school making friends Like all kinds of shit And now thank you Covid we're fucking stuck at home Ugh Over the shit Nobody in the US will wear a damn Mask They're infringement on my Right as an American Fucking Joe you need to do voiceover work or something dude I don't know Also bro you got an impression Right I don't know How many nights at the The pig and whistle Dude It's just you know it's like Why My father in law won't wear a mask And I'm like why not Franchement on my rights this is all a conspiracy It's all a conspiracy Without one of the Covid is all Fake it's all government Okay well Then If it is go out and catch it And if you don't You know go from there I'll tell you what if you highly believe That theory then go test it for yourself Yeah go to one of those stupid fucking Covid parties Like whatever those are Dude It's crazy to me bro that like There's so much circumstantial evidence That things like climate change Coronavirus and people dispute it And like look again I'm not Dude I'm not I don't want to rock the boat Of people's beliefs like look man If you don't believe in climate change whatever I will rock that fucking boat I'm not afraid of it I'm just like How could you not see the side The writing on the wall red rom Right You guys make it seem So easy and obvious and it all makes So much sense but when in the trade Seems so chaotic how do I keep The same insight and clarity as you Do trade for seven years gay Yeah repetition man Repetition just screen time pal Yeah it's yeah it's It's repetition and it's writing Down you know rules and seeing The and seeing the repeatable outcomes Yes And you have to not Trade in those moments like You have to like sit on your hands Make a decision write that Your decision and watch it play out in front Of you and then Start to trade with small size Yeah I mean it's gay you saw my MTP Chart bro I waited the entire day Like that's just what it takes sometimes You know again the entire day until you feel Like you've got to feel for what's happening Bro you ain't going to be LeBron the first day You go in the basketball court man Two years like Stuff comes in time man it comes in time But we're going to teach you the right way How to trade so that's the Another thing here is you make it seem So obvious and easy Yes it is obvious And easy once you Like Nick said practice makes perfect Watching this one Time and then not Doing anything after this To put these methods into Action Is piss poor planning Right so how many years did I Piss poor planning yeah Prior planning prevents piss poor performance And so I mean if you don't do any prior Let's say you make one Like alright I'm going to pay attention To VWAP from now on and you look at it And then you're like alright well I paid Attention to it what do I do now That's fucking piss poor planning right There you have to repeat it And it's not going to work because Of this what was it OBLG Because here's the thing dude Because you don't have enough experience You're going to be like alright I shorted Like Jo and Tosh said oh shit I can't Handle up to here I'm out well no Or you're too greedy and you don't cover Yeah you got to cover like There's so much to this it's not Just because you get in here you can Go relax the rest of the day in Papakola It's like dude you got to cover and then See how it's holding see what the volume is doing See what level it can actually Get to and especially if a pumper is involved Dude like there's so many factors But we cover all this at MIC and as Faye says to quote infamous Faye You know watch the fucking thing dude Like dude we're discounting the Accelerated course so heavily today That if you don't text me I'm going to be really disappointed to Ask about the deals because bro seriously This is all you need to start I'm telling you screenshot my number Text me by the end of the day Today whenever and I'm going to Give this to you for a reasonable price And you're going to learn everything you need If you got anything out of this webinar Today and you and aren't curious about The eight hour course dude It's just good luck to you man good luck I don't know how long it's going to take Again up love but damn I'm looking at AG right now Ticker AG Let's see what dad doing This is fucking silver What's going on with silver can somebody Enlighten me on what's happening with silver Bro commodities are skyrocketing Yeah silver man gold's about to hit An all time high are we Are we thinking that the US dollar Is it like in everybody All of a sudden is moving to gold and silver Apparently bro currency is going To the wayside even Robin Kiyosaki Those big real estate dudes are like dude They're even vouching for cryptocurrency These days I'm like oh my god That's a stretch I don't know if I can get on that Bandwagon It's not that progressive Of a thinker Unbelievable man look at fucking nugget dude I remember when this was trading I remember when it was trading at 200 No it was never 200 All these damn reverse splits Seriously man oh I remember when it was trading at 722 Just like I remember When it was trading at 1 trillion Right What is that 3.4 million Oh my god I could literally what is that Hold on how many zeros I said that 1, 2, 3, 4, 5 So 3.4 Wow Are you a millionaire Jesus Christ Nah man I wonder how many fractional shares I could purchase On Robin Hood On Acorns For those who aren't familiar Me and Jar being sarcastic When a stock is saying it went to like 5 billion It's had a reverse split It was never It's not there It's a skewed reality Yeah so I'm I don't know what I want to do though Oh AG that's what I forgot Silver what are you thinking about long or short I'm thinking long I was going to say I wouldn't short such strength These things are really holding up man Yeah I know I'm not thinking about Or I'm not thinking about shorting it I like the recipe That it kind of has except Nah I can't long that Nope I can't long it Never mind I'm not long Daily chart Multi-day run Ah that it is Today was the first day Like I would I would be I'd be good with it Well it's just like in house teachings on the 3-day romance Like the long Guys just for general terminology Or psychology of the stock rather Is the further into the move As per days That it's running The less chance you have is a long edge So shorts have the Longs have the edge day one on all these small caps And even you know just a main mover in general Because sell-offs have to happen Or tanks or reversals you know Trend breaks but day one really is technically For long sides Day two is way less Of a long edge I mean there are still long Options but it's still way less Day three dude if you're longing on day three Just don't be a trader anymore Like seriously I swear to god I'm not kidding Like I hate to be harsh but blunt But it's true that is the fundamental Stupid ask Like the number one thing the rule you can't break Like don't ever long in a day Of a run Yeah if this run was happening Like on day one I would be I'd be all about grabbing some Cause like it meets It meets all my criteria now For this type of trade But It's day three so no Yeah this could get down huge tomorrow For all we know right Again this is more commodity based Rather than small cap and Or like hey we got an electric car Wait no we don't This is a little bit different but I still Again like we're so It's impregnated in our minds Of what to do on a psychological level When it comes to price action This is just no go for a long I don't know what's going on with silver That's Your ETF that was like Gapping up crazy Today And I can't, I can't remember what ticker it was Was it gold june, was it jnug, was it dull No it was, it was some ETF I'd never heard of Let me see, hang on I've got it in my DM Let's get an ETF or something It was like It had crappy volume but it was like Oh it has a crazy gap up Let me see here Uh AGQ that's it AGQ Let's take a look AGQ Oh wow Yeah from like 34 to 45 So I guess it's just That's an inverse, is that an Is that the ETF of AG That's what it sounds like But again I don't know why silver is running That's really what I'm talking about here I don't know the The catalyst behind that That's like a huge Yeah it's a big run And I can't find what it in again I haven't looked, I haven't really dug It didn't really stick out to me So I don't know This is more Joe's bread and butter man Again I only like day one and two He likes these kind of things but That's about all I got man Yeah same man, you guys got any closing questions Man we've been going hard Tesla earnings after hours so folks stick around Know some people who play that And get your popcorn ready Yeah I'm not touching it No way in hell That's a big ass gamble So something like PLSK could be considered a day one long Let's take a look That's not day one brother This like where's day one right Like this could have been day one yesterday You know what I mean like Yeah it's not day one today So a real good indication Of day one is something like OBLG it was doing nothing It was doing nothing it was like A sand pit and then boom Due to sand castles built like it's up in after hours It's up in pre this is like your quintessential Like hey now there's a new catalyst It's on people's radars What's going on with this stock Like why are people talking about why is it up It's up because of a reason A good If you're like somebody that You need like strict rules to follow To be able to like Identify whether it's a day one Or a day two or whatever it is For me personally The metric I would use Would be if the prior day Was up around Ten percent And it did you know three to five million volume And then The next day doing whatever it is That's your metric Is you have to look at it And know The prior day Was not a run right The prior day was like it was just flat It was like nothing nothing happening Like mxc look at the prior day volume 982,000 Like no volume no attention And then Dude it was like somebody loaded Like some some Pumper loaded it and then it just went Boom And then they push out of press release Imagine being able to Turn back time one day Oh it'd be fucking glorious We We'd be the first trillionaires dude I would have bought a million Fucking shares yesterday Oh shit No you know what you do I'll tell you what you do if you could turn back time For a day it's not Longing a million shares of something like this the day before It's finding every single Stock and doing what under like A certain threshold that you don't have to report To the sec and then actually go into SCC filings and you just nail like a hundred Tickers yep he silently Yeah Like a million shares in this dude I'm gonna find 20 charts that look like this and go in 50,000 pieces Oh god Let me just be able to turn back time for One day dude for I'll make Jeff Bezos look like a poor man What was that ticker They ran recently it was like 500% Or some crazy shit like that I don't know Oh dude I heard listen to this Was it SRNE that did that crazy run I can't remember dude I can't remember So fucking many of them that did it Dude I heard an analytic Or I read something in the last couple Of days bro that said Jeff Bezos listen to this man this is how rich this Fucking guy is Jeff Bezos can Purchase 1300 Lamborghini event doors in one day And still have 15 million Left over every day Oh my god I'm like dude most people will never See a portion of their lifetime this Fucking guy can get like literally 2 Billion Ferraris and Lambos In one day and still have money left Over I'm like that is just like What kind of karma Do you have to have to beat him In this lifetime Whose do I have to You know to get that Well You did a little bit of it to get MIC but damn Right yeah Oh man this is a bro this is probably One of the funnest webinars we've actually ever given Always Dude good shit every week man Guys thank you so much for coming man I think we'll probably wrap it up here Go enjoy your nights with your family man Hopefully you guys learn something All you new guys if you don't text me Dude I'm losing faith man We just dropped some serious knowledge on you today We're discounting the course heavily I'll post it right here so you can See it or actually I'll post it right Here so you can really see it Actually fuck it I'll just bring up that Two one three four five I'm like dude I'll draw it I'll type I'll post it right here no I'm not I'm gonna post it right no I'm not Where's the slide Hit me up guys we'll take care of you Thank you everyone for coming Seriously I know there's a lot of familiar faces In here I love seeing you guys Joe you're awesome dude Go enjoy the wife man if you don't You got Fay as a backup brother Alright man we'll see you later See you buddy see you guys