 One of the most common questions I get asked is, you know, how do I start day trading? So what me and my mentor about it for our viewers on YouTube is create a free mentorship course that reveals our 12 secrets that every single brand new day trader should know before they get started. But please take note that there is limited seating every single week. So please reserve your spot at myinvestingclub.co. The link is in the description. What's up, everyone? It's Somnizu here. I hope everyone's enjoying the weekend. Also, yeah, today we had a great weekend mentoring session talking about the challenge that you guys did. And so first of all, I would like to say, you know, great job, everyone. You know, putting in the time, it's the most important and also I've seen a lot of members working really hard. So and also, you know, going over our videos. So it's just really makes it, you know, all worth it. And that's why we work so hard, you know, just to be able to help you guys. And so when you see people are appreciating your work, I mean, it's just, you know, it's just, you know, really great. So I just want to say a great job on that. And yeah, today I'm going to go over, I think one of the pretty important topic for, I mean, for new or like, still finding a consistency trader. Those who are not consistent yet. And yeah, so I'm going to dedicate this video for those who have a small account and under PDT. I don't think it's going to be for international. It's going to be for the US base. So they have to abide the PDT law. And it's, you know, pretty tough sometimes. And I've been getting a lot of DMs, people asking about what strategy they should choose. And so I thought it could be a good idea to kind of go a little bit in depth with that. So you can maybe some tech out some good things, you know, or like some good lessons from this. And yeah, so whenever I started, I started really with, you know, a few of the bucks really small account, but I was lucky enough because I'm not US base. And I have like, you know, I'm from Europe and I'm using international trade zero. And so I don't have to abide the PDT law, right? And, and so basically I can trade as much as I can with just a little bit, you know, of money instead of you guys who are US base. And, and there are not a lot of choices for you if you don't have 25,000, right? And so it could be really difficult. For me, I, you know, I probably would say it is really difficult since even though I haven't experienced it yet, but you know, I just imagine that if I couldn't trade like the way I could, I don't think I could have, you know, you know, get to where I am today. But because my style is different, right? And, and it's just like if I was under PDT, I think it's going to take me a lot like longer to get to where I am. And, but you know, there are also possibility, right? I mean, it's just like you need to put a lot of work in and be patient. You know, I think I probably would say for the most of the time because you only have like three trades per week. I'm hoping, you know, I'm right on this because, you know, I'm running a PDT. And yeah, so I also made a video on the brokers and so on. So if you want to kind of go over that. So for under PDT, if you want to long the stocks, I don't know. And you don't rely too much on a level two, maybe thing or swim, TD, I made a trade or that Venom. You can use Das for long as well. But for shorting, I would really recommend trade zero, you know, USA or Venom as well. But Venom, I don't think they have a good locates on that. But I'll go with Cobra, right? But you have to be under PDT with Cobra. So that means you only have few trades per week. And same with trade zero. And but, you know, if you want to short the small caps, those two brokers are probably the best. So I wouldn't recommend anything else. And yeah, just let's bring up some charts and let's talk about the strategies, what I like the most. I mean, if I put myself in that position right now, if I was under PDT, what would be like, let's say I only have 10,000, right? Or like 5,000 account. So what would a strategy that makes sense the most to me since I can only trade three times per week? I'm not sure if I'm right, but you know, three trades that mean you get in and you get out that counts as one trade. I think you can recycle the shares as well with Venom. And I'm not sure. But you know, as it counts in one trade, when you buy stuff and you sell, you close that position, that will count as one trade, right? Or yeah, I forgot to talk about this. I think there's also a tip for under PDT. You want to kind of split into more accounts. Let's say you have Cobra, you have trade zero. That means you have six trades per week, right? So that might be something that you want to kind of divide your accounts into so that you can have more trades per week. So you can basically get more trades basically. Oh yeah. So now let's just talk about the the strategies. You know, if I was under PDT, you know, the first thing I would do is I could, you know, of course I would like to grow that account, right? Let's say I only have like five or 10,000. Hey guys, my name is Toss Bradley. I'm one of the head mentors and monitors at my investing club. If you have any questions about getting started in trading, getting started in MIC, MIC in general, text me at 213-458-5997. This is not a robot. It was me directly on the other end of my business line. And we'll get you in the club. We also have special promotions going on that I can get to you depending on your trading needs. Hit me up. Back to the video. So how can I do all that? What should I do to take advantage of that? If I'm only having a small account and I'm only allowed to have, you know, three trades per week, what should I do? What setup should I choose? Right? So the number one thing for me, if I was in that position is I want to be a sniper, right? I want to, you know, probably like for the whole week and I would need to wait, you know, for the whole week just to get one good trade. And that trade has to be worth it, right? So what do I mean by worth it? Worth it, you know, worth taking it. You know, what I mean by that is the risk reward has to be good, right? My strategy right now, what I'm using, you know, with the account that you can trade, you know, whatever you want is scalping, right? You're getting, you know, drawing lines. That's what this is the MIC process. You know, getting a line cover channel trading, you know, just to get that scalps, you know, 20 cents, 30 cents over and over again for five, six times, right? So that's, that's what I'm doing right now. But for those 100 PDT, you know, it's really difficult for you to kind of, you know, to scout that many trades because you don't have that luxury, right? So what should you do, right? My normal profit ratio or like, you know, profit taking risk ratio is around like 2 to 1, right? I don't know, like risk 1R, take 2R, 3R, whatever, if you are using R. But for other PDT, the one thing I would aim is for a bigger risk reward because there's only that much, that many of trades that I can take this week, you know, might as well make it worth it. So that's the first thing I'm going to look at. So like at least 3 to 1, 4 to 1, 5 to 1 or 6 to 1. I think the minimum has to be like 3 to 1, since you'll have to pay for the location, since you'll have to pay for commissions. I would say, you know, 3 to 1 adds okay, but I would prefer maybe 4 to 1 or 5 to 1. Like, you know, I've been waiting for all week just to make one good trade and that trade has to kind of call for my week. So you could apply to the best strategy, which is the old day fader. Yeah, you can apply to that, so up to you, but if it was me, I would apply similar to something like that, but I would like to scale along the way or like, you know, scaling out slowly, but not like, you know, I want to short it 6 and then hold it all the way to like 3, right? But I'll probably good, you know, try to wait, you know, for some perfect entries. So, you know, let's talk about this one, for example. Let's just say that, you know, let's say this, you know, Friday. Yeah, let's just say this is Monday, right? You're coming into the week, you know, knowing the fact that you only have 3 trades per week and you see this kind of setup. So the first thing, what you want to look is, okay, the stock, like, let's say, like this, okay, first thing in the morning and then when it stopped ran, okay, I'm a short seller, I'm going to wait for the move and, you know, to get enough meat for me to get interested in. Okay, so 250 stock, now it's at 5 relatively, I have $2.5, you know, on the downside, you know, like best case scenario. So as the day goes by, right, I'm just going to wait it, I'm just going to wait wait until like, this is the front side, right? I mean, as you can see, running higher, training as a short, you want, you don't want to be shorting that, right? I just, you know, can't. I'm not just, I'm not going to anticipate here, I'm not going to get to the top here. I'm just going to wait for the back side, okay? So days go by, boom, right, rock this, pre-market high goes higher, right, to six, and then slowly, there it goes by, I'm just patient, being patient, nothing else, and then I'm going to sort this candle, boom, right? So what can you do here? As a short seller, you just see a stuffed candle like this, a death candle like this, this is, you know, telling me that, okay, the momentum has shift, right? It's not be done yet. I don't know if it's, it's, you know, done, but I just know that all people who are long in the stock, yes, after this candle, they're not going to trust this stock anymore to go higher, right? So I'm still being patient, waiting, right, nothing to do here. See, crack this support again, trying to push here, fails, that's, to me, that's a confirmation, okay? I wouldn't be shorting into these bounds. I mean, yes, if I'm scalping it, if, you know, I have unlimited trade, yes, I would, you know, get in here and get out here, get in here and get out here, right? But since I'm under PDT, that's not much I can do. I have to aim for the perfect entry. I have to, you know, calculate or like, you're doing my checklist with everything has to check, like, in the box, right, for me to take that trade. If not, I'm going to miss it, come back tomorrow, wait for another edge, okay? So like this one, when it's trying to, you know, after death, kind of like this, trying to push, fail, push here, another fail, that's to me, that's a confirmation. So what I'm going to do is I'm going to draw my line here, okay? The thesis now is I'm going to short this, okay? So as I'm shorting this, I'm going to short this 517 or 520, okay? And I'm going to risk over here six. So yeah, you can get in one size, whatever, okay? You can have two bullets, that's really up to you. But if you are under PDT, I might suggest that you want to use, you know, I don't know, like, maybe one bullet, if, like between one or two bullets, okay? So that you know, like you have enough size when you write, and, you know, not like capturing just like, you know, because your goal here is not to scale, right? Your goal here is to short for a one good entry and then hold it for a bigger move. So I would prefer maybe one or two bullets, max two bullets here. Let's say I'm going to get in here, you know, small count, right? You know, 1,000 shares, let's say that I'm going to get in 500 and 500. And so like, or like getting here like with 1,000 shares, okay? So if I'm getting here 1,000 shares, and I'm risk six bucks here, so technically, it's 80 cents, right? I'm risking 800 bucks. So back in my mind, I'm risking 80 cents here, 80 cents here to get what, you know, like $1.60 or like, you know, like three times and that, you know, so at least like two bucks, 240, something like that, right? But, you know, like, if this one hits, then, you know, my average would be, you know, I don't know, 5, 30, 5, 40. That would be going to be like 60 cents, right? 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. 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