 Hey traders, this is T Bradley 90 from the my investing club chat I'm one of the top mentors and moderators in chat as a special gift to our viewers on YouTube We have created a free two-hour course to help teach you how to start a consistently profitable trading business and Identify high-paying setups in just 30 days. There will be limited seating every week So register for the course and reserve your spot now Using the link in the description as a special bonus for everyone that watches the entire video We will give you the link to a free 10-hour additional mini course that has never been released to the public Register now before all slots completely fill up. I talked about how important it was to add to the winner And I and I kind of touched upon like how important it is while adding to your winner to keep your losers in check So today I'm going to do the other half of the coin like how to manage your losers and when you can sneak in Like an added to a winner and I'm gonna incorporate that so I'm gonna talk about maybe mostly the other side of the coin So Yeah, so I wanted to call this webinar cutting losses, but you know, that's that's too um I mean everybody knows that you're supposed to cut losses So it's you know, like I feel like this is a better title managing losers Because that's that's more of what I feel like I'm doing rather than just like cutting a loss when when I'm taking a trade It doesn't work. So Let's get into it. So You got to talk over the key key traders that we took this week. There was actually There's actually some decent ones. I thought it was gonna kind of slow down after the crack week and it did But we still had some movers. So that was pretty good I took it really easy during crack week because there was just you know, unfortunately, there was just nothing that I super liked I mean there was volume in range, but I guess I don't know. Maybe I'm just more careful now like I used to get a little maybe a little reckless during crack week But this week this time around I was really conservative with it. I Got a true to topic. I want to talk to you guys about I'll say that for later We're gonna go over the market sentiment as usual and we're gonna talk about how to manage your losers Right because we all have them. It's it's literally I think the most important part of being a trader And then we'll open the door to Q&A if and if anyone wants to hop on and talk you can do that, too All right, so EYG was a trader. This was right before this was during the crack week and That's why I initially got long bias on this stock and you can see that I tried to long it like three times or Or yeah, yeah, like three times twice. I love your twice every second once But basically like at the start of crack week, I was really hoping that we were gonna get some movers So basically I was kind of long bias on everything Right. So, you know, this is just a classic reclaiming like a stuff, you know, a move back up A higher low and I'm buying the higher high very classic, right? I have like six I have like six videos on this in the vault, right? Sold some at the first resistance level it dipped. I recycled it popped back and you know, I already sold some here If I was bow, I would have sold some again, but you know, I'm not bow I was going for more of a bigger trade. I wanted tens and we didn't get it. So I ditched it, right? So this is a good example of selling, you know a good example of a recycle We just talked about that, you know, just buying it selling the piece right there Just trusting that it's gonna fail the first time kind of like a little first resistance Like like I talked about last time when you're recycling The goal is to take advantage of little mini trades in between your idea. Now my idea was tens This is Jan was a good example of a quick first bounce trade. I took Again like so this was someone asked me why were you buying this stuff like it just stuffed epically Why in the world would you long something like that? And it's a good question It's definitely more of an advanced trade, but there are things that I was taken into consideration one where you know It was crack week, right? This was 1125. This was the Thanksgiving week for those who don't know crack week It's Thanksgiving week. It's normally one of the busiest weeks of the market So I'm expecting everything to run. I'm very long-bias on the entire on the entire market So stuff, you know stuff like this. I really want it. I really want it to be able to go Right, like I really want reclaims to happen and I'm more aggressive on the long side So I'm willing to get in here, right? So what I was trying to do is take advantage of this pan Right this stuff here take advantage of the panic chase. Hopefully that could fuel the right fuel the The big move that I expect during that very volatility week But you know rules are rules and I did I did end up selling some I tried to recycle it here But I ditched it when we stuffed and then I decided to buy again once that stuff once that tank held I'm like, okay, maybe now we can go and ditch that again, right? So I just another example of not getting even though I'm excited for the trade not to get too attached It's a very fine line on you know, I want to be convicted in my idea But I don't want to overstay if something's clearly not working I want to I want to I want to not have too much skin in the games where I can bail and that allows me to Get back in if I if I want to CCXI was a fun one I eventually got this later, but I didn't save the chart Because it was just a it was just a more of an afternoon kind of trade But I don't know. I just saved the screenshot of this one This was a trade that kind of faded all day this thing it just it really went down I think I think Sam hit this one too. I'm pretty sure Sam hit this one too. This was a fun trade This was a socket that was way overblown way overextended like this had a this had a huge gap and You know, everyone is waiting for it to tank basically and so I was waiting for it to tank too I didn't want to go contra of what seemed obvious. It seemed like an obvious short But I didn't want to like get caught shorting and then like I thought we're short of the morning I would have covered up here and then what have been pissed down here, you know Likely I would have shorted down here in revenge, right? Or I mean not likely me like in the past I would have and I've evolved to where I avoid that kind of crap by just waiting my turn Waiting for something that I like right just and I like the breakdown shorts It's close to a first red day short, but we were so high above The prior clothes like that wasn't gonna happen or you know what I mean That wasn't going to be realistic for me to wait for that So what I did was I waited for a breakdown of the morning low Which is what I considered to be this 945 low here once we get our first strong bounce When we come back under there after a strong bounce that to me is saying hey not even the bounce work Maybe now we can fade off and like kind of have a similar first red day kind of trade But you know, it's only on day one and it's a huge gap So, you know red to greens too far down to wait for that, you know, that's more of the target rather than the entry I said CLT CLWT. This was it was a few days ago This was a continuation long and if you guys have seen me talk about in any videos or whatnot I suck dick at Continuation longs like I'm just terrible at them Like normally, but these particular ones are my favorite and this is the one where I feel like I I'm trading the knowledge that's important, but nobody else seems to be right. So this one had What I call an FLE a forward-looking event. It had forward-looking event hype, right? Now this is a month old PR if you look at CLXC they had like a PR Not maybe not a month old but way in November, right? It had a way in November PR about And I think it was a presentation Yesterday on the fourth, right? And so this was on the third, right? So this is the day before the presentation and When it was moving, you know, as far as the news goes you would have had to like zoom way down in the news to find this So it's not necessarily fresh on everybody's mind that it's you know, that it's possibly perking because there's a whole bunch of buyers Who just came in who just found out about the forward-looking event and so they're they're hyped about it They think it's going to five six seven eight nine ten wherever it's there's a bit tomorrow must be important Right, so there's hype about this forward-looking event But the people who are trading it intraday like the day traders all they see is a is a crappy company cheapo Stock that's popping up. That's probably gonna pop and drop like they most do right. That's all they see but so You know, they're Excited buyers today and the intraday short is we're not taking into consideration the old news probably because they didn't even look Right, so this is where I kind of feel like I have like almost this hidden knowledge Almost like this inside information in the sense when it's not inside information. I just looked I read the news And I felt like there'd be some continuation and actually I was actually expecting this to kind of grind out all day And then go up further right but the problem is is unless it kind of happens fast Right unless it kind of happens fast people figure out what the cause of the move is and then now that everybody knows the information It's no longer special PTGX today This was a low hanging fruit plate. I wanted to include this one just because I never ever are taking low hanging fruit It's so rare and like I was I you can tell I got it on the red candle here So I wasn't even ready like I had this on a back radar To to short if it popped I looked over and I saw it popping and like holy crap like like this is it I need to get in it like the red greens right here So like as I get in like like I'm looking at the bid and the ask and I put my I put my order right here Like I was trying to get fill on the ask like 807 and there was like zero chance of that happening I just hit I just hit I just took the bid and got in and I'm glad I did this is me This is an example where you can't be too perfect, right? Like like yeah, like okay I wanted 807 but like I mean if I plan on covering in the 70s or 60s or 50s Am I gonna let five cents really take that away? Right like No, so I took it. It was right there at eight dollars and this isn't this is how I this is what I love on low hanging fruit, right? Any trade really, but I like to group stop group variables kind of just like I would go over Like I just talked about I could group my variables when it comes to figuring out how much I like a trader Not about I am recording right? Okay, good. I don't I just I mentally just forget Okay, yeah, so there was a red to green line here. That's always a good line for Low hanging fruit plays it had eight dollar whole number resistance You know if you can couple a whole dollar with your resistance even better And it was a low hander right the fact that we had a uph a super exciting stock That really takes the attention off of the boring ones and that's the whole concept of the low hanging fruit But I really like low hanging fruit when there's Like a super play like something that's super juicy like a new PA something It's up a hundred percent and it has like, you know $15 of downside to go people that really draws people attention Anyway, how do you go about oh like okay? How do I go about any setup? Oh, I haven't had one in a long time and that's good I'm about a couple years ago. I figured out I know all the set up I'm gonna know like well that I like anyway, I'm comfortable with all the setups. I know now, but like I Guess I just don't like any of the complicated setups. That's the reason so But when you go, you know when when trying to learn one the first thing the it is what I Bet I tell I bet I've told like half of people in this room on phone calls this at one point The first thing that you do when you try to learn a new setup is not try to learn a setup that you see someone else Do the first like you don't look at a chart and be like I want to learn how to do that Like oh that guy got the top of that parabolic. I want to learn how to do that The first step in learning a new setup is to watch stocks and price action without trading With your we're sitting on your hands with no intention to trade and just watch day after day after day after day after day And wait until something slaps you in the face, right? That's what you have to do. You have to wait until someone something slaps you in the face because that They basically wait for something to just scream at you and say I'm predictable like you saw me do this 10 times last week You know, I'm doing it again. So you need something to scream at you It's slapping in the face and say Trade me right like short me now because you might not know why you just like you get a feeling It's gonna tank. It's gonna rip right you got a feeling that this stock is gonna be up later or down later whatever it is, it's gonna You know, what if you know, oh every time I see this tomorrow, it's up, right? So I need to buy today and sell tomorrow, right? It's like whatever something is going to scream at you And that's your first Step of a new trade the second step is to figure out what you're seeing And figure out Why you're seeing and really and the second step is to hone in on what it is that you Need to learn about the setup to make it, you know to process it and make it a strategy, right? Figure out What you know, what you know, what your entry needs to be where it can go your exit your entry your risk your entry your exit your risk and um Your contingencies like if it does this then I know the trade's not on anymore if it does this then I know I can add here Right or like went how long should the trade trade take you really dissect into that? um And you that's kind of like step three you step two and three is step two is back testing it You go grab a whole bunch of pictures of it and then you and then you do step three at the same time You gather all your information to back test and then step three you back test and you figure out all these answers And then step four is you test it out, right? But the most important part is that you cannot learn a setup just by looking at a chart and being like I want to learn how to trade Like oh look at what that guy did I can do it like because now you're not seeing The stock through your eyes. You're trying to see it through somebody else's and you're going to lose that way Like the only way you can learn a new setup is through your own eyes Like you have to own and I say this all the time you have to own the knowledge The knowledge has to be yours So like you know vau and alex and I we can tell you stuff But like it like you're going to understand it 300 more if you see it like the next day on your own or something like that, right? You can't just like No one can like tell you it and then you go and trade it like You know, somebody can tell you it and alert you of its presence, but then you have to go and um Watch its presence and understand it live Um when looking to short low hangers, how do you choose which is the main low hanger to watch? Uh, I always seem to catch the normally when I when I have a uh a bunch of low hangers. I put trades on all of them Oh, okay, so I guess I didn't get to that part of the question. Do you just get locates for them all? Yeah Um, as long as it normally low hangers are kind of cheap because they're low hangers, right? Um, so I will as long as they're cheap if it's like a four set low hanger I just skip in that one Right, I'll wait for it to pop and then I'll consider locating and if it's gone then screw it That's that's the way I That's the way I deal with it Vau might be different vows much more of a long low not long low hanging fruit trader than I have He might look he probably has a higher threshold for the locate costs than I do Hey traders, this is tosh. I go by t bradley 90 in the my investing club chat Just wanted to reach out and say if you have any questions about m i c joining m i c Maybe you're a member already you have three ways to contact myself personally and through m i c you can hit our social media You can hit me through pms in chat or you can contact us through my email at tosh at my investing club.com That's tosh at my investing club.com I will get back to you in a timely manner and I'm saying this because I'm here to help and I don't want anybody to Be afraid to reach out and ask any question that they have. We are here for you guys. All right. See you guys