 I want to make this very important, because I've seen a lot of people having very unrealistic expectations from trading, because these fake gurus, they call them FUU, I coined that phrase, FUU, F-U-R-U, a fake guru. A lot of these fake gurus, all they do is, you can tell a fake guru about their Instagram. Their Instagram is nothing but fancy cars, watches, lifestyle, all that. Where is the trading videos? Where are the trading screens? Where is your office? Do you trade? Or do you just make money off of other people? And so, so it just, I'm trying to compose myself, because this topic really upsets me, because it sucks for the guys I really want to learn. They have these very unrealistic expectations, sure, Bitcoin, put all your money in, it'll go 10x. But that's Bitcoin. That's crypto. That's shitcoins. You can do the same thing for penny stocks. Same exact concept for penny stocks as altcoins and all that stuff. So I don't even talk about that, because that's not realistic in my opinion for consistency. Those are gambling. Sure, it pays off. When you're right, 90% of the people will lose all their money, 10% will make money. But that's not what I'm here for. I'm here to teach you a consistent, MIC is here to teach you a consistent trading strategy that you can make money consistently. And I want to show you exactly how, because a lot of people have unrealistic expectations. They come and they go, we're going to wear a Lambo. So we made that kind of phrase, kind of famous as well, wear a Lambo. You join and you expect to make a Lamborghini the first week or the first day of trading. And if you don't, you quit. Those are the alert services. The alert services, they pump and they dump. The reason that those guys are making money, because they're the first person buying these low float stocks. So whoever is running the pump and dump room, of course they're going to fucking make money. They make money because you guys are the sheep. You guys are pushing prices up. So we don't want to do that. So I'm going to talk to you. So I'm going to first show you. So I mean, I trade with multiple accounts, some bigger than others. I have one small account that I trade. I want to show you how I did that today, guys, and how you can have realistic expectations of making real money, real trading money, not being a sheep. No alerts. We don't alert. We guide. We give you a watch list. We tell you what we're trading an hour before the market opens. There are people here that want to genuinely teach you how to trade, to become a self-sufficient trader, not just who is the fastest sheep running around, right, guys? So I usually do not post the P&L. For me, the process means everything, guys. But today I'm going to show you. Okay, I'm going to show you because I trade on a small account to show you this because Alex told me, man, people are having way too much unrealistic expectations. So here we go. So this is just one account. I don't know if you can see it. Oh, I see. There is only 33,000. So barely made over the PDT. PDT is over 25,000. The broker is the 27,000. So we keep a small amount in here and we make a certain amount. We tick it out. So this is the process that we teach at MIC. So with something like this, I made a ton of mistakes today, guys. I got out early. I took some losses and I still managed to make $1,300. This is in the grand scheme of things. This is nothing. But if you imagine, imagine if you do this every day on the average, some days I will make $3,000, some days I'll lose $1,000. But the average, okay, let's say you make an average of $1,300 a day. That is life-changing money for most people, guys. That is life-changing money for most people. This is nothing to brag about, but you know what meant for a normal person in the world, having a supplemental income on top of their job of $1,000 a day means everything, okay? And if you take a look and I'll talk, I'll show you exactly how I did that today. Today was a very slow day, too, guys. I traded multiple accounts today, but that's the account that I showed you because that's a small account. Look at that, guys. All you need is $200 on the average to make $50,000. Who here would love to have an extra 50 grand a year? I think everybody would. You know, you go to the normal day job. I'm not telling you to quit your job, guys. I'm telling you to supplement your income. If you can make $200 a day, in my opinion, simple as $200 a day, that's life-changing. The reason I call that life-changing is I remember when I was growing up poor or even middle class, having $200 a day extra means I can go into any restaurant I want and order pretty much whatever food I want unless you want to go to a fancy place. But you go to a normal restaurant, it's $100 you're paying, right? And so you imagine being able to walk into a steakhouse and paying $200 for that steak. And you can do this every day. Of course, you're not going to go out every day, but that, to me, is life-changing money. $200 a day, $50,000 a year, pays for your rent, pays for your mortgage, pays for your car, pays for your living expenses, guys. So people don't understand, man. They go out in their rush to make millions of dollars. And think about this. You make $200 a day consistently. Of course, you can make $500,000, but this is the part I'm talking about. You must be able to make $200 a day consistently. Don't start trying to make thousands of dollars a day. $200 a day is the blueprint for thousands of dollars a day. In my sleep, I don't want to say this, but pretty much, guys, every day I can do this. The problem is, this is not enough for me, obviously, because my lifestyle is much more than this. So it depends on you. But the point is, the process works. You need to be disciplined. It's the lack of discipline that kills everybody in trading. And so, if you take a look at this, again, your goal may be just $1,000 to get to the point where you're making a quarter of a million a year with $1,000 a day. So with this $30,000 account, guys, I can make a quarter of a million. If I just stop trading at zombie hours, I don't make any stupid mistakes. I keep to the risk management that MIC teaches me. Guys, this is a slow day, too. And I'll show you everything, right? The commission I paid, ECN rebate, I didn't trade many shares, $1,300. This is a, and I will show you, I even lost two things. This is a small size, guys, I did on a small account. You know, I'm not trading with a $500 account, trying to scam people to think that you can grow a $500 account into millions of dollars. Those are the scammers. Anybody showing you $500 account to a million dollars is a scammer, dude. I don't care what the hell they say. You personally cannot do it. They do it because they have sheep. They're the first buy-in and all that stuff, guys. And so think about this, man. If I can make this on this little account and you have more money, you can do whatever you want to do, man. I mean, I wasn't even pushing size, and this is a slow day. So with this, I could probably make $3,000 a day, guys, on the average. Depends on the market, obviously, right? But realistically, that's what you can do. Using small size, I'm going to show you the trades once again. So this is NES, all I'm doing is I'm trading line-to-line. I'm doing my scouts. There's many ways to trade, okay? I traded, it's just a slow day, so I just did small scouts on these stocks. I took a loss. The key is, once again, guys, let me show you, I'm going to put my mouse here. What's my mouse? The key is when you lose, you need to stop out. So AMC, I stopped out for a tiny loss. I lost $150 on this account. Okay? This is AMC. It went up. Sure. But you know what, man? I'm cool with taking $150 loss. I'm still up $1,300. Another one I lost was BFRI. I lost $35 on this stock. I covered it pretty much even because the reason I covered it is, look at the time, $1030. That is the zombie hour rule, $1030. At $1030, I'm like, dude, I'm not going to take a chance. I am just going to break Eve on it. Sure enough, it's zombied up to nearly $8. So if I didn't stop out during the zombie hour, I would have stopped out at the top. I broke even and it went back down. Who cares? Shoulda, woulda, who cares? I protected my money. This thing could have went up to $10. Who the hell knows? It tanked down. The markets were weak. It tanked down. Who knows? But if I can do this consistently every day, guys, I'm just making my small money every freaking day. And once again, guys, this is a small account. This is a day that's super slow. This is a day that was tricky. You have stocks that are running around, trapping people. Take a look at GRTX. I screwed this one up too and I still made money. Let me see. This is so here's GRTX. I do my little trades. You know, these are 500 shares, not much because this is a small account. I don't want to, you know, my goal is just to make $1,000 on this small account, guys, $1,000 today. I do not come to the market with a P&L expectation, guys. OK, take what the process gives you. You can increase your size if you want. OK, but imagine if you can do this every day. It's like I was done at 10 a.m. There was some straggler stocks that I was covering in 10 30. But I was pretty much done at 10 a.m. Guys, 10 a.m. There's most of my stuff. So I took one loss on this back. I shorted it. So I shorted this and actually held some and it's it's zombied, it's zombied. So I was short and I was holding half a position for a lower. It did not go and then I added when it went back here and I covered I took the loss here. Otherwise, I'd be up a lot more money. So this stock actually lost a little money because I was holding for more and then, of course, the tax, but who cares? I made money on it. I made I made easy, consistent money on it. Guys, this is the real expectation. OK, imagine if I made so I made on that small account $1,300 and I stopped trading at 10 I stopped trading. I could have kept on going and made more. But the point is this, man, if you keep doing the same repeatable process, repeatable over and over, why are you risking it? So Alex stops at 10 30 and he's up over $3 million shorting this year, over 3 million during the first hour. If I just stop on this account at 10 30, because the easiest trades were short on the beginning when we pre-cloud trades, zombie hours come and they trap everybody. You just stop. You follow the M.I.C. process with a $30,000 account. In my opinion, you can make a thousand bucks a day, guys. But the problem, look at James, he's trading a small account. He's making we have so many people doing this, guys. The differences, they are realistic with their expectation. They don't come into the market asking for a Lamborghini. And you know what, man, James made in, I think, his first full time once he learned the M.I.C. process. He made money to buy his dream car, the BMW I8. We have a video on that, guys. Maybe Alex can find the video or Tom Diesel says he's my historian. Find the video on James. We had a video on James talking about he making money to buy his dream car. And all James does is make 800,000, 800,000 every single day. Once again, it adds up, guys. Imagine you can do this, save your bankroll. Soon, let's say you start with a $200 level. So first year, you made 50 Gs. Next year, you make 100 Gs. Then the following year, you make this. And then now you'll be Alex after five years being consistent trader, making a million a year. It is possible. We have done it. We have done this for decades. The key is this, notice doesn't take much to make big money. Consistency is the key gains at a quick when you do not have big swings losses. That's why we have risk management, guys. That the key, the key that people do not teach you the scammers, the furus, the fake ass gurus, the key that don't teach you is risk management. They don't tell you that you've got to take a loss. The first thing they teach you when you take martial arts is how to take a punch, how to take a loss. You need to be able to roll the punches will be able to fall down while breaking your neck. Self-defense. If you ask any expert in football, championship teams, how do they win? Defense, defense wins championships. That is risk management. Okay, every sports team, every sports team, the key is defense. Sure, you can score, but if you cannot, but if you can score, but then you can lose everything back in one day. What the hell? You see a lot of people on Twitter blow up. They probably don't even talk about their losses at all. They have no risk management. We teach risk management. We talk about, Alex even bribed people for risk management. You must set up your max daily loss. They can look at this. Zombie, again, E-S-C-C. What time? 10 fucking 30. This is why this is why you follow the rules. Sure, 1,300 ain't nothing. There are guys making $50,000, $100,000 a day, but that's fine. They're training with multi-million-dollar accounts. They're training. They're putting tens of millions of dollars on the line. That's not you. Why are you following guys that are not you? I am teaching you. M-I-C is teaching you. Alex is teaching you. The moderators are teaching you. The members are teaching you. The process of a normal guy, how to do it. Man, the watch list is there. I don't know instead of why people do not use the watch list. You can make back your membership so quickly, so easily, if you just follow what we tell you guys. I don't know what else to say. I train with a large account. I'll show you guys. I train with a small, a big account. I'll show you guys. I train. The point is this is the same process. You just add more size when you're comfortable. But adding more size when you do not have the proper bankroll and when you do not have the proper experience will blow your account because it's not because of the wins. Of course, if you add more size and you win, it's easy. The problem is when you lose with big size, you cannot take the loss because you will freeze. If you're looking at a $10,000 loss, you need to eat that $10,000 loss. But as a new trader, that's a lot of money for you. You have not that will wipe out 30 your account. You shouldn't even get to the point where you have $10,000 loss, guys. Your max day of loss should be around three days. I don't know who these people are. I'm going to start banning anybody that are posting. I think there are lots that are posting in some sort of weird language. That's not English. Okay, guys. Arabic or whatever it is. So guys, 80 questions. I'm going to stop here and take any questions. Consistency is the key. Risk management is the key. Have realistic expectations. $1,000 a day. You're not happy with $1,000 a day. I just don't understand it, right? I'm going to start removing people, guys. Just don't speak another language because I think there are bots. Watch this gold. Tom's watching this. There's many different ways to trade. Alex trades a certain style. I trade a certain style. Tom trades a certain style. Within MIC, there's one style that may help you. And, dude, realistically, guys, this is not rocket science. Actually, it's harder. Just kidding. But rocket science is actually pretty hard. I was an engineer. But all you need to do is just have discipline. Follow the process. Have realistic expectations. And it adds up, man. This adds up. Imagine you make $1,000 a day. And you do that five days in a row. That's $5,000, man. Now you're thinking. You do that consistently for one month. That's like $10,000, $20,000. Just make $1,000 a day. Challenge yourself to make $200 a day consistently. Just challenge yourself, guys. And you'll see it adds up quick. And you'll see less stress. And you'll see that when you're in a groove and you're patterned, risk management. I mean, that's the key, guys. You can make tens of thousands a day. But if you take a $100,000 million loss, that's a lot of money. And we see that. We see that all the time. The hardest part of trading, in my opinion, not to making money, is when you lose and you don't give everything back. I'll give you another example we talk about all the time. Imagine you go to the casino and you're able to look at the player's cards and the dealer's cards before you bet on Blackjack. The same thing with stocks. Why are you betting on a low, on a bad hand, on a bad setup? It's your job to wait to be disciplined. This is why we always talk about pre-planning. I plan all my trades before they open. That's why I make money. The plan includes whether to enter or exit for both a winner and a loss. When you start losing is when you start having this winging it, making it up on the fly. Because you have cushion. When you have cushion, you're like, oh, I want to... But cushion is bleeding every day, man. So the same example is, Hey, who's talking all this stuff? I'm going to start blocking people, man. When you start losing $200 a day, you're like, oh, that's only $200. That's bleeding. You're bleeding 50 Gs a year. So the same concept, guys. Making money, losing money, bleeding money. You have to be consistent and remove that. So I'm walking away today. I traded two accounts. I made more today in one hour than I did my first job as an engineer, guys. I traded two accounts, one small account, another account, and I made more money. So the blueprint for $1,000 a day comes from a $200 a day. And the blueprint to make $5,000 a day is the same as $1,000 a day. You won't reach a maximum, guys. I guarantee you, when you reach a maximum, you know what to do. You probably don't need my help by then. So I look at Alex. Up three testimonial, guys. Maybe next year, we'll start an account. We'll just leave it there so you can see it at work. Like what happens when you stop at $1 million. I mean, stop at one hour and you can make $1 million a year. We can do that, too. But that's not the point. The point is, I'm not here to flash, not here to brag. I'm here to tell you realistic expectations that made me money, how I started. This tweet goes back, my goodness, 2007, before MIC, where I tell people it's the consistent, guys. That's what I did for a living. I have spreadsheets. I show you this. I was the first person to talk about this during traders for a cause when I was inaugural year. I mean, I just don't know what to tell you, guys. If you have realistic, and the way you have realistic expectation, guys, numbers on the screen, just like chips in the casino are meaningless. It's what it buys and represents. So if you take a look, so that's why I like to go Amazon sometimes. And I always say online shopping is cheaper than forcing bad trades out of boredom. And it's true because on Amazon, I'm like, dude, should I buy this? It's like $100, right? Like, should I buy this T-shirt? It's like, fucking $100 on a T-shirt. But why are you gambling the $100 way? $100 is a lot. $100, $200 is a lot of money, guys. You know, imagine if you just make that every day. That adds up. And you go to your day job. That's all we ask. We always ask from you guys is to be disciplined, to have realistic expectations. So I hope that helped, guys. I'm going to take a couple questions and then I'll log off. Any questions? I can bring a person on. Raise your hand. Raise your hand if you want to come on. I'm going to start removing some of these guys, man. I think that's bots just talking back and forth. And if you're not a bot, you should be cursing on here. Raise your hand if you want to come on, guys. Let me see. I see who's real. Oh, that's the hair. I see your face around. What's up, boss? Where are you at? Who are you and where are you at? What's up? Hold on. Hold on. Can you hear me? Yes, sir. What's up? Tell everybody who you are and all that good stuff, man. My name is Daniel and I've been in MIC for, I think, a year and a half now. Maybe a year or a year and a half. Are you at work right now? No, no, no. I'm at my desk door. Oh, okay. Because you have a mask on. I'll tell you all. Yeah. I'm outside right now and kind of, you know, crappy here. So I got to put the mask on. No problem. So tell everybody, how are you doing? What did you learn at MIC and how that helped you or did it help you? I first started investing, long-term investing. And then I switched to, I'm still doing that. And I switched to trading now. And I love your, I started learning your first down. Strategy. I love that. The long, yep. Yep. Yes. And I'm usually from Canada, which they don't have that broker that allows you to short. I had trade zero, but right now I'm here. I'm guessing they're having problem with Canada. So I'm not shorting right now. I'm doing, I'm going long now with interactive brokers and all that good stuff. And mainly I'm doing first down. I learned that from Harry. Shout out to Harry, my man. I haven't talked to him, but I've seen his video a lot in your video. I love it. Awesome. So you usually need a hit and run, right? That's the strategy, you hit and run. Yes. Yes. Pick singles, that adds up. Like you're saying today, you know, small gains adds up. Correct, man. That's exactly how it is. So what are you looking to learn in the future? Are you comfortable where you are? Talk about like, how you started? Are you sizing up slowly? How is that coming along? I'm a bit scared to size up because I had a big loss, like a thousand dollars, that's big to me. Yes. So I learned not from that, not to size up. Take it slowly. Yes. And consistently grow your account. And then if you're like comfortable with it, then you size up. But I'm right now, I'm using like max of 250, 500 shares. That's my max size. That's enough, man. Yes. Yes. 200, $300 a day, you're good. Yes. Exactly, man. I love that, guys. That's nothing to understand. And when you size up, it's not just exponential worth. So what do you have? So tell us about your risk management. What have you done to protect yourself? I actually set up Max daily loss on my Trey Zero account. Like you guys always preach about it. I love it. That saved my life, my account. How many days average do you set for the max daily loss? What do you mean one day? No, that's even good. That's very tight. That's good. So once again, the max daily loss is up to you on what you're comfortable with it. Yes. So Daniel says, I am only willing to risk one day of losses. Yes. You know, that's fine. So people don't do more than three guys. That's three's a lot. Just like Alex was talking about always risk one day of profit. Yeah. I love that, guys. That will save your... What happens is this, when we lose, you can be the most disciplined in the world, but something may trigger. And also you're crazy for that one moment. And then you go, oh my God, I regret it, right? So it keeps you up. We're human. So I love that, guys. Max daily loss. You need that because you don't want one bad moment of your life to ruin it, right? And that's why I think you're now successful, because you were not $1,000 anymore, right? So before you lost... Back then when you lost $1,000, it's because you didn't have a max daily loss, right? You saved my life, my account. Thanks, man. I appreciate you, Daniel. Thank you very much for that. Happy from Canada. Where in Canada are you? Right now, I'm in South America, but I'm usually from Toronto. Oh, okay, cool. Great, man. Have fun over in South America wherever you are. All right, boss. Stay safe, brother. Thanks, boss. All right, there you have it, guys. I'm going to log off of this. Daniel preached exactly what it is, man. Small gains, add up. Max daily loss, risk management is the key. That's it, guys. Any other questions you want to have? A couple quick questions I can log off. But I guess we're going to say goodbye. I want to keep this video short, guys. All right, guys, we'll see you back in the room. Thanks, Daniel.