 What's up, everyone? My name is Alex. I'm one of the co-founders of MyInvestingClub.com and I want to let you guys know about something special we're doing for our viewers on YouTube. So the most common question we get asked is, you know, how do I start day trading? So what me and my mentor about it is we create a free two-hour mentorship course for the brand new trader. It's going to be available at MyInvestingClub.co. The link is going to be right here. This is a free webinar that reveals our 12 secrets that every single brand new day trader should know before they start. I also want to let you guys know about something that's very unique to MIC. So if you have any questions about trading or you're curious about trading or you don't know if MIC is the right fit for you, now you can text our head mentor, Tosh, whose number is going to be right here and he'll answer all the questions that you have in less than 24 hours. Thank you and enjoy the video. Good morning, guys. It's Tom Diesel here. I hope you guys had a great trading week this week. Today I'm going to talk about one of the topics I did before, which is how to become a CPT, a consistently profitable trader. If losing small makes you uncomfortable, you should quit trading now. This is the key. I mean, you must be comfortable with taking small losses, right? Else you will end up taking the mother of all losses. And that's usually what happens here. This is where you're going to give back all the monies that you made. I mean, maybe weeks or months, I don't know, but usually it never ends well when you hit a loss and you try to fight it back. Sometimes it's work. Yes. Sometimes you could break even or maybe green on the day. That's good. Yeah. But it usually never ends well. And I've counted come last time and how many times. So that's what brings me to this. As you can see, I always have really small loss because I tend to stop trading after I hit a loss. My process is that when you trading, right, you want to have the best hands. It's like same thing with playing a poker. You want to be dealt with the best hands before you can place money. I mean, if you have a pair of aces every time, right, and you're just going to wait for that and you're going to bet money on it, likely you're going to win, right? It's not all the time, but on the majority, a lot of times you're going to win. But if you couldn't wait for that premium hands to show up and instead of, you know, guessing around playing catch up all day, you probably going to lose. So my premium hands are the first hour, right? That's something I need to emphasize on or I need to know that the first the first hour of my premium hands usually like the likelihood that I'm going to make money in the first hour. After that, it's, you know, it's just nonsense for me. And, you know, it's really hard when you down in the first hour. My analogy on trading is that I'm waking up every day, you know, I'm just sticking to my same process and, you know, waking up like 4 or 5 a.m. in the morning, preparing myself for the market open and then I attack, right? All this time I was preparing myself just for the first, you know, hour. I had here like, you know, 3 or 4 hours just do the preparations to kind of warm up, you know, that's part of my process. And I'm waking up every day expecting I'm going to make money. And I know there is a window for me. It's like, you know, you going to the market and there's money lying there for you to pick it up, right? I explained that in an awesome webinar. But there is a certain time or certain window when it opens, you need to put your hands, you know, out there and just take money and live, right? That's concept or that analogy is the same thing. To me, the first hour is where that window is open. When that window is open, I need to get the money or like I need to kind of work on my timing. I mean, so the first hour are the key to where I can take the money from the market. After that, I don't have any edge, you know. After that, I just know the window is closed now. Whatever I'm trying to do, it's going to bounce back. It could end well or like, you know, less. But that's for me, right? But for someone else, you know, for long traders, their window could be, I don't know, like after zombie, like from 10.30 to like 11.30. But I think the most money being made, it doesn't matter if you long or short traders, is in the first three hours, I think. And after a long, it's just, you know, grinding. And if you really want to, you know, wait for the afternoon and it's really up to you. Not one start will make your career, but one can end it if you are stupid. I mean, it's so deep, you know, this quote. Because it's just so true. I mean, you know, it doesn't matter what you trade. But if you're stupid in one, it could really end you. I mean, you could be making a lot of money, you know, in the past. I don't know, one year or like a month or two. But if you stop in here, right, this is the first red day. If you stop in here, if you size up here at 12, right, and you think it's going to go rad, but didn't, you know, bounce back, you add more, add it more. All right, let me add some line here, line here, line here. Ends up squeezing all the way to 15. But at this point, you know, you couldn't accept the loss, right? All right, so I went in more and more. And at this point, you probably get up. All right, just fuck this. I'm going to blow this account. You know, it doesn't matter. I'm going to fill up with another one soon. It's like, at this point, you just gave up. That's when, you know, the one trade, but one can end it if you are really stupid. If you just kept adding onto losers. If you go back to the after hours and reading some of the bow comments, you talk about, you know, the lines and everything that's been a strategy that we use and how we can use, you know, how he can have like 30K account, but still can make consistently money like one or two K each day. And that's a life-changing money, guys. You know, consistency really adds up. And you don't have to go in with big bucks, right? You know, 200 days, 50K a year, 400K a year, 1K, 250K, 4K, that's 1 million. But the point here I'm trying to make, and I'm going to repeat it again. As long as you can keep the losses small, you know, like small losses, you're going to make it, you know, our goal is to make it into the next day. You know, our goal is to live to fight another day. And that's our goal. So keep that in mind. And the only way you can keep the losses small is by not revenge trading, by not coming back into the well, right? But would you be able to do that? I don't know. It's really up to you. You have all the tools here that you need. I'm just explaining to you, you know, the best that I could, you know, before I know all of that, right? But I didn't know the first window and also after losing trade, I just went back to the well and tried to make it work, tried to, you know, get some of the profits back right away. You know, I just want to be green and that's it. And that's the stupidest part of me. And when I hit kind of rock bottom and I realize this is not how you trade, right? Your goal is to keep the losses small. And how can you be able to do that? You know, if you continue trading, you know, it's just simple as that. And even Alex said, you know, the biggest secret to it all is walk away. By walking away, you not ending up, you know, revenge trading, you not ending up locating some more. You like you trading everything that runs or that it's making a new high. I mean, at the end of the day, the commissions, the locate, everything is just adds up, you know, instead of taking whatever, you know, $100 loss or $500 loss or $1,000, it turned out to be, I mean, 5K or even 10K by the end of the day, right? How many times it happened to us like this, you know, just be honest with yourself, ask yourself this. If that's really what's happening to you. If that's really what's happening to you now. I mean, I've heard, I've been getting a lot of, you know, DMs from the members, like they're losing trades are usually bigger than their winning ones because they couldn't do this. They couldn't figure out what timeframe, they couldn't figure out the window. They didn't accept the fact, you know, this window is where the premium, this window is where the pair of aces will appear, right? It's like playing poker. This is the time where the pair of aces will, like the dealer will deal it to you. After that, no way, man. It's like no point. The pair of aces is here. So you have to ask yourself, be honest with yourself about this. I think once you figure out that part, once you figure it out, you know, that part out, it's going to make, you know, so much easier. And when you can focus just on your edge and, you know, what is working and what is not. And trying to focus on the risk management. All right, guys. So I hope it helps today and I will try to maybe make a part four. If I see some things good, you know, coming up. But that's it for today and I hope you guys enjoy the weekend. I'll see you on the next one. Take care. Thank you so much for watching our video. If you want to see more of our videos, please subscribe to our YouTube channel by clicking the button here. We do our best to post a new video every single day. If you have any questions about MIC or any general trading questions, please text Tosh using the number here. Also, stay up to date by watching some of our most recent videos right over here.