 Alright guys, so I'm gonna clean up the lens. I'm gonna get started All right, what's up everyone today's Tuesday Normally I make these YouTube video recaps on Mondays, but since bow is away today I decided to take his spot and make a YouTube video today So tell us videos how I made you know $26,000 on these meme stocks, which is true if you go to instagram.com Slash my investing club. You'll see my profits. You'll see my fills. You'll see everything there But basically let's kind of recap these meme stocks, right? So So a lot of these meme stocks guys have been running again, right? And a lot of people have been asking what is the catalyst? Why are they running? Why are they going crazy? What the hell is going on here, right? So first let's talk about the catalyst As to why these stocks are moving and then we're going to be talking about, you know, how we trade them What we do and how we make money on them, right? So The main catalyst for AMC and GameStop moving is twofold one There is a new series on HBO called Gaming Wall Street So this new series on HBO got a lot of people excited got a lot of people talking about it got a lot of people hyped up about it, right? So that was the initial spark Of why these meme stocks start to move again Now what through fucking gasoline of truckload of gasoline on the fire Was ryan cohen bought 10 million dollars where the game stopped 10 million dollars He shits that in his bed is nothing right is nothing 10 million dollars goes to zero He doesn't care. He probably spending that on caviar and hookers and coke and all that stuff Anyway, 10 million doesn't matter to big wigs on wall street 10 million dollars doesn't matter But 10 million dollars to the average guys. Oh, shit. His motherfucker is all in baby, right? So that insider buy by ryan cohen threw gasoline on the fire, right? GameStop went from, you know 90 dollars to a high of 190 dollars So his motherfucker ryan cohen doubled his 10 million dollars in a week and all these amch started by the stock again So before we know how to trade a stock, we must know the catalyst of the stock So the catalyst for these meme stops stocks again Was the hype of the tv show and the hype of the insider buy, okay So these stocks move literally based on hype and based on attention There hasn't been any news. There hasn't been any catalyst for a year So that's why they went straight down for a year, right the stocks didn't have hype They didn't have a new audience. Everyone was down 70 percent of their money But they were holding diamond hands diamond hands diamond hands, okay So on a stock like this guys on a stock like this that is a cult stock You know, they're very very very hard to trade, okay I've been trading for eight years now eight fucking years Okay, and just when I thought I saw it all, you know, I don't know shit. I don't see shit Everything just changes like crazy guys. So I've been around long enough to know, you know, which stocks are easy Which stocks are hard and these meme stocks are so hard, man. They're so hard Um, my biggest trade ever was actually on a meme stock, you know, I made 700 000 dollars in one day on amc And I think ever since that day, I've been chasing that dopamine rush again from these fucking stocks Okay So first thing is you have to kind of be real with yourself and you have to be able to admit You know, what you're chasing in this fucking world, right? So when I made that amount amount of money on amc It was a life-changing amount of money, man If you make fucking 700 grand in one day, it's a life-changing amount of money It doesn't matter how much money you have is life-changing So I guess Ever since that day, you know, I've wanted to nail these and I've wanted to trade them And I've wanted to fucking make money on them. But You know that opportunity that was in 2020 2021 whatever it was that opportunity is not the same opportunity as it was You know today, right? And I have to kind of get that out of my mind. So I've been kind of mentally struggling and mentally battling with myself To kind of get that high and get that rush and get that dopamine Need out of my head so that I can just trade clearly, right? And when I came into the market today, right? So all these stocks are still going crazy guys And I'm going to recap them but when I came to the market today What I told myself is I don't want to, you know, risk a bunch of money today I don't want to, you know, be stressed today. I don't want to deal with that because You know to make $700,000 on AMC, I had to risk half a million dollars, right? And I don't really want to be risking half a million dollars to make a million whatever the fuck it is on these specific stocks Because they're just too hard, okay Not every opportunity in the stock market is the same Some trades are easier than others. Some stocks are easier than others So why am I going to risk my hard-earned money on a stock or a setup that just seems a little bit too difficult? Yes, it conforms to the pattern of the first red day that we talk about It conforms to the pattern, but the difference is, you know, it's not the pattern that is obsolete It is just the setup and the stock that is obsolete. These stocks are so fucking hard They're so hard because no one wants to sell them. They're going to be holding it until their goddamn retirement, right? So when a stock is this has this much of a cult following You know, I'm making a new rule and I'm making a new process to tell myself that I cannot oversize on these stocks, right? So normally if these stocks or any other stock Making the move that these stocks made I would be bulldozing in I would be hitting the button until the fucking button broke. Okay But because these are so difficult because these are not high quality setups I had to control myself today And I had to tell myself, you know what? I'm not going to load in today I don't feel comfortable loading in I don't think the edge is in my favor to load in And because of that, I was able to use minuscule size guys like maybe like 500 or 1000 shares on game stuff, you know, normally I'd be using 5-10,000 shares So I use the 10th of my size today, right 10th of my size and you know Sure, if I did go fucking the normal size that I want, I would have made money But then it wouldn't it's it would just not it would have not been the right trading Okay, there is not it wouldn't have been the right trading So, you know, you can't judge yourself in the market based on how much money you make because any fucking dumbass can make money in the market The question the thing that separates people is are you able to keep that money in your fucking pocket? Okay So on something like amc and game stop, you know, I knew that there was going to be a big opportunity today I knew that there was going to be a big trade today But I did not feel comfortable Risking a large amount of money because I didn't think it was going to be easy I want to be able to risk money when I think it's fucking easy. Okay When I think that it's easy. I want to bet the fucking farm Okay, and today I just didn't feel it. I just didn't feel it. I traded amazing Right for everyone in the room for everyone in m. I see I was in the fucking matrix today, right? I was in the matrix today, and I think it was because I didn't oversize Okay, and that's just a very important point. That's why I wanted to make this video. So Does everyone understand that concept on sizing and edge and betting when it's in your favor today It didn't feel like it was in my favor. I didn't feel I didn't feel like it was going to be easy Right and as you see right now these stocks, you know as I'm recording this at 11 a.m bounce amc bounce from 26 to 30 Game stop bounce from 163 to 182 So I was right. I was right to not oversize I was right to not fucking use all my money. I was right not to risk But in the moment it did in the moment your brain plays games with each other. Okay, so That's the main topic on sizing now. How the hell did I trade these stocks to make 26 grand and fucking? I don't know less than one hour, right? So we have a setup in mic guys It's the most famous setup in the world It's the easiest setup in the world any fucking monkey could do this setup. It's called the first red day It's really simple After a stock moves for three days or more in a row and makes an extended move The first day that it goes red you short it, right? So if you look at stocks like amc and games now they've been green for like 10 days in a row Right. So it's just a matter of time until the first day that they go red So on amc, we had a parabolic from 30 to 34 and then we went red and halted down So when we read red, I shorted it Game stop when it went red. I shorted it. I shorted game stop around $189 and I covered it around $163 for over 25 dollars a share whatever it may be HYMC I shorted at like 250 AMC I shorted around like 30 So, you know, everyone's looking for like a holy grail strategy Everyone's looking for some crazy indicator that I use or some sort of crazy alerts or whatever the hell it is If the motherfucker goes red you short it motherfucker. That's it. That's it. I'm not a rocket scientist I'm not a genius. I'm fucking shocked to hell. I want this stuff to be as easy as possible So when it goes red you short it that's it, right? And I posted all my entries and exits and profits on instagram instagram.com slash my investing club And also if you guys want to learn these strategies, right? You guys are on a youtube channel with 1000 free youtube videos 1000 free youtube videos. So start there, right? And if you want extra help, right? If you are a little bit more advanced or you want to learn a little bit more advanced topics Go to my investing club.com slash webinar It's a free mentorship course that I've put together. It's about a one-hour course It's going to teach you all of our strategies all of our process everything for free So that's probably the best place to start is my investing club.com slash webinar So as I'm recording this guys as I'm recording this these mean names are continuing to bounce Right, so I told myself we have a rule also an m. I see called a zombie rule, right? I don't know for how many goddamn years I've been telling you guys to follow the zombie rule The zombie rule made me a millionaire Okay, what is the zombie rule? The zombie rule means that after 10 30 am market time After 10 30 am market time Stocks tend to squeeze higher because the volume shrinks So I've recognized after 80 years of trading that after 10 30 am the volume shrinks and stocks start to bounce So on these stocks these meme names that are historic for bouncing Wouldn't you think that after 10 30 am these historic stocks would motherfucking bounce Yes They did and they trapped people and that's why I got out at 10 30 and that's why I'm making these videos, right? Yes, these videos are to help you But selfishly they are to help me from going back to my goddamn addiction This is a drug. This is an addiction There is no other job in the world that every time you fucking get high you make money Right, you make fucking money for getting high every time I click the button. I'm fucking making money, right? So That's also a thing trading is an addiction. I know it is an addiction. It is a drug So I have to do things like this To be able to get me away from the crack pipe. Okay, does that make sense? So all these trades guys all the stuff was in the watch list It was pre-planned and I tried to commentate on it real time So I got a lot of good feedback today from the mic members. They said that the commentary really helped which I really appreciate Um, but I'm here to help you guys man. I'm here to help you So, I mean, you know, what other opportunity do you have to have a millionaire trader come on youtube dressed as a fucking hobo? Answering your questions, right? So if you guys have any questions, obviously this is a live video So let's go to the live chat right now and we'll answer some questions before I go back and answer the member questions Right. So if you have any questions posted here If all this stuff is making sense guys, leave a like on the video subscribe to the channel leave a comment Let me know that you guys are listening So you don't use any moving average indicators like rsi new I only use volume and vwap rsi don't matter bro Don't matter And again guys, I'm human, right? I'm human. Yeah, I want to make a trillion dollars. Yeah, I want to be a Gizillionaire. Yeah, but you know sometimes guys you have to remember that, you know trading is more of a game of risk How much fucking money am I risking to make money and today? I didn't even risk shit, man I barely risk anything and I was able to make fucking 26 grand It's because my entries were so good Entries entries short when it went fucking red How do you choose how much size you want to use that depends on your risk? And your max loss and max size and what you are comfortable with and also make sure to set a max Oh, okay. So one more thing I want to talk about guys. I think in this question so Much is so much that I'm just curious if you guys are even watching these videos or not But people ask me, you know, when should I go max size? When should I go full size? How do I know when to pull those in? The thing is guys you are not allowed to use 100 max size unless it is your best setup in the world My best setup and is in existence is the first red day So I am only allowed to use 100 size on the first red day and for the rest of the days I use 50 size So for everyone that's trying to go a hundred percent max size on everything You have to ask yourself. Is it in your favor? I know that the first red day is like a 95 98% win rate So I want to be able to use 100 size on those 98% win rate setups Rather than going 100 size on a 50 50 because if you go 100 size on a 50 50 Your fucking results are going to be random. So do not go full size max size unless it's your best setup How do you know it's your best setup? Track your trades track your statistics traderview.com tag your trades Find out which trades are making the most money on find out which trades are making the least money on Cut those trades out and double down on those trades. So If my best setup is the first red day, I use 100 size on the first red day only If my worst setup is the first bounce, why the fuck am I using 100 size on the first bounce? So do not go full size on every single setup Reserve full size for your best setups only guys. I think I'm going to wrap it up here. Um I want to kind of get back and answer member questions I don't usually do these videos on tuesday but bow is away today. So I want to be able to help you guys So again, if you have any uh questions about trading or you are curious about trading go to my investing club Dot com slash webinar if you like the video leave a like subscribe to the channel leave a comment And I will pick one person in the comments to win a free m i c hoodie Just comment with one lesson that you learned from this video It could be anything and comment as much time as you want comment a thousand times. I don't give a shit, right? So I hope this video helps you guys. Uh, I hope you guys just stay safe and zombie