 All right officially recording. I think now is probably gonna go back to bed because he's got a super big headache But dude, let's bring on Joe. Joe you here, buddy Good. What's up, bro? What's up, man? What's going on? Let me tell you something dude. I'm excited, man. I'm excited, bro I'm seeing a lot of opportunity in tech right now. I'm really I can't wait for earnings like the next couple weeks Dude, it's gonna be interesting. That's all I can say Bro, let's let's talk about that Joe because I know you do a lot in your webinars But this is more of like a like a like a free forum where people can kind of see the content that we talk Dude, what are your thoughts on the big cap market for the guys that have like maybe brand new to trading or are not part of MIC man like what are you seeing here, dude? I Think you just ride the wave, you know, don't be stubborn once the reality sets in but I mean you got a There was a phrase that they used back in in the Dot-com bubble and a few other ones. I forget what it's called. It was Basically, they they use the phrase to describe The mentality that people have was like, you know prices are at irrational levels irrational exuberance. Does that sound right? Yeah Irrational exuberance, I think that's what it was Yeah, exactly. Yeah, so this was something that that they talked about in the dot-com bubble was the level of irrational exuberance out there and basically is like Everyone and their mother is just optimistic on the market. There's no real fundamental Valuation behind where we're trading. Yeah, but no matter. I mean Regardless of what happened it just continued higher Higher and higher and higher and so that's what I think we're still in that kind of little Irrational exuberance bubble Well, the thing that's interesting to me Joe and you know, this is a really good topic conversation for like bubble and Possible recession or possible at least market pullback or any form of above because guys You have to understand what a bubble is right a bubble is this preconceived notion that It's never going to fail. Let's just keep going. You know, it's like it's like a Ferrari revving its RP The red it's redlining its RPMs. You can't do that forever Eventually the the bubble burst and the Ferrari fucking engine explodes on you, dude And you can't push it to the max 24-7, right? So the thing that I wanted to bring to your attention Joe and ask your opinion, bro I see stock market all-time highs. I mean literally dude I'm looking to spy right now like I'll pull up the spy for people who don't pay attention to this stuff We are it 407 practically check this out in real estate right now dude in Phoenix where I live In Arizona, I can't get a house bro And what I mean by that is not that oh, you don't have the money for it Dude it a house that I want hits the market because I'm on Zill all the time looking for opportunity Right, even if it's just an investment purpose and flip with a buddy or something dude that house after six hours has 19 offers my sister just put her house on sale for she bought it a year and a half ago for 375,000 a very very normal house just a normal, you know house in Arizona Phoenix like an HOA house It's just a cookie cutter house a cookie cutter HOA bro that was once new construction That is not new construction anymore, and it's not even like dude. It's not a house I'd want to live in she fucking cleared 150,000 net by selling it this year a year later on a $375,000 dude, I'm I'm literally serious. I think she sold it for 600 grand Got it mercy. So Alex walks into a Miami Rolex shop. I walk into a Rolex shop in Arizona They don't have Rolexes in the cases. I go to get my watch clean, dude I can't like I can't even look at watches while I'm there. There's people are spending 60 million dollars on NFTs Everybody's spending money on stupid shit. These memes talked about bro. Where's all this money? coming from Where's all this money? Like it's a bubble dude Everyone's throwing their money at everything the people that have this disposable money and like there's certain like pockets of supply and demand They're making this so crazy, but dude. This is a bubble Like absolutely like when Rolex shops don't have Rolexes like you know, something's up, dude. What the hell? Oh right now you can't really buy anything that that has either overseas fracturing or really Just has to be shipped it I Tried to buy I Tried to buy like a new a New bedroom set and They told me that like and I still bought it, but I'm not gonna have it until June Gone And I asked I was like what's going on there like Nothing nothing was manufactured. Nothing is manufactured. Everything is on back order and So a lot of people are like well, you know, it's it's because of the the Whatever that barge that got stuck in that canal. I don't think that's it man I think it's just we're just trying to catch up Well, well and the thing about that Joe is like there's a certain level of supply and demand Right like obviously like a Rolex dealership or Wayfair or something is gonna be backed up to a certain degree Because obviously, you know with the pandemic hit they had to close down some factories or they had to You know, some people had to work from home or they had to adjust their the status quo, right? But dude, it still doesn't like make sense that things can be so Unbelievably backed up in my opinion that like all this dumb money It's like with between stimulus checks and everything at all-time highs like I swear to God I feel like I'm in the big short right now and I'm like dude When is this bubble gonna pop and reality sinks in and people are gonna be jumping out of windows? Yeah, if if those of you were not around I was I was still really young when the when the dot-com bubble burst Yeah, have very vague memories of it and stuff like that, you know, I remember Things being discussed, but I didn't know the real economic impact of it Go read this book That book right there Here the book is called irrational and zuberance. It's a book by Robert Schiller Who is I Think he was a Princeton Economist or something of those that's something along those lines It's a very insightful book For kind of understanding what a what a bubble looks like. Yeah, like what it looks like, right? Like the like this this false exuberance like this false like it's it's like a facade, right? It's like everybody thinks everything's good, but it's like it's like two faces to the coin, right? It's like it's like both sides. It's like it's on heads right now but dude tails could be around the corner like when reality seeps in right and And when you look when I see it when I see a housing market, dude when I'm not kidding you Joe I'm not even kidding you dude One of the reasons why I came out to Arizona is because like I'm well not only do I hate Los Angeles? I would never buy here because I think eventually everyone's gonna leave which they started to see I got a hint of that Everyone started leaving like at the time I started really falling in love with Arizona and actually making a transition Which was a year ago to this day and then I moved back for a couple months just because my life was so fucked up with an X But but but I was already wanting to vacate because I saw that what how things were going and what I mean is is like I started looking for real estate in Arizona. I was ready to make the move in fact a lot I was telling Alex about this, but at the beginning of the year, dude, I've paid for plans I had a builder in motion, but I was gonna build my own spec house in In a northern Phoenix, I was gonna build a house and then guess what happened overnight, dude I'm not even keep bro. I had plans later. I had everything I do $20,000 for plans. Got him. Here's the here's the here's the fucking thing lumber Windows quadrupled what he was originally quoting me up was like dude I'm gonna hook you up like I'm a friend family friend. We'll build this spec house, bro He's literally telling me don't build this house right now. Do not like you are literally gonna like what I Feel like lose out on a hundred and fifty thousand dollars by building it right now just out of foam. I'm like, I fuck it. I'll wait Yep Dude it happened overnight. I was ready. I had the plans and then overnight everything doubled in triple and quadrupled I was like we're in a bubble. We're in a bubble Yeah, there is a serious supply issue because I talked about this last night because somebody asked about like a real estate question, too Um So for those of you that don't know I do real estate as well. I don't just trade. I I think just trading is silly um I think it's a pipe dream And you should not do it. You have so many more hours in the day to pursue side managers Like I think if you only trade you're freaking degenerate and you have nothing better to do with your life Legitimately dude coming from the horse's mouth. I agree with the same thing And I would add to that and say if you are only trading 14 hours a day not only you're a degenerate You're actually lazy as fuck not to have another source of income dude Like you're actually lazy to learn something else once you understand trading you actually start understanding that like dude Like doesn't require that much attention It requires like Like two hours a day of attention to really realistically be a like a full-time quote unquote full-time trader Bro, go build go build side hustles go build their forms of stream and go build generational wealth like Yep, I love it. I do real estate as well on the side and the problem that is Occurring right now and this is even in the rental market rentals purchases or anything Is mortgage rates are so low right now That most homeowners don't want to sell Most homeowners have just refinanced and you know, they bought the house in the beginning So they know they love the house. So they're they're not they don't want to sell it so They've just refinanced at an incredibly low rate that they'll probably never see again in their lifetimes and There's no reason to sell their house right now They'll never see these levels again in their life because here's the problem is okay. Let's say you sell your house, right? Let's say you sell your house Now it's time to go look for a house. Well now you're a buyer And guess what the problem is with all the buyers There's 14 offers on every single house and eventually when you do buy a house you overpaid Well, joe, here's what happens if we're in fact in a bubble like we talk about you sell your house like my sister did Now my sister did it correct, right? She didn't sell her house to immediately buy a new one She got you know a much better house new construction in oregon. She's actually moving states, right? Like she's she's moving out And she I have no idea why would she not there's not every state Not every state is happening like it is and the three states in my opinion that this is happening in Is texas arizona and florida correct? Which are really the three target states for people that want to move from the east coast and west coast Well, and here's the thing the the thing I was getting at is she had locked in a new construction home with her family A year dude a year ago the new construction home Which for those who don't know take a year to build dude Like if not a year and a half depending on supply and demand like you can't get lumber in arizona You can't get fucking windows, dude They can't even build you a house under a two-year timeline She did this a year ago before this huge rush came so she's actually like making the transition Immediately in the new construction home versus if you would sell your house right now and you pocket some nice cheese Then you buy something immediately and we have a market crash mode bro. You're down 200 000 on your house Exactly now you're stuck in your new purchase like a like a bad stock Yep, so it's I get it dude. I get it's just crazy because the the reason why we're talking about this guys is This is how the market works too We're literally in such inflated territory that unless you know and what joe mentioned the other day on an IG live with bow is if you're invested highs right now and not protecting yourself with like almost like You know You know puts and calls and whatever you're doing, you know with with the stock market or big caps That's a little dangerous and that's what some of the you know, that's what some of the veterans do her invested, right? so, yeah So I think we're in a bubble. I see it everywhere I mean when you start telling me dude Rolex stores are empty like that's that's a level that's unprecedented Like I know there's supply and demand But dude, you can't even what you can't even go look at them if you wanted to like dumb money and stimmy money and people getting You know all this NFT shit like it just seems crazy to me man It seems like we're at like the the Ferrari just redlining for so long that eventually that that foot's got to come off the gas pedal a little bit You know what I mean? Yep, but we'll I think personally will remain in this in this hype or I Think biden will or will really kind of fake it till he makes it I This I think it'll last the entire term of biden's Presidency, wow Do you really think that long because I was going to give it a year and a half to two years joe specifically because of interest rates So because interest rates are so low on houses right now and joe's a real estate guy So he can talk circles around me on this field but When the interest rates are so low and people can work from home Why wouldn't they flock to her right like why wouldn't they especially If things like hyper inflation are possible in the future with all this printing of money Obviously for those who don't know inflation two or three percent a year your money's going down Dude, your shit's getting eaten away. So a hundred dollars this year is 97 next year You know on average but do with all this printing of money that could be 94 dollars inflation might just raise And when interest rates start actually coming up because the only way That you're going to be able to pay for a pandemic of this exposure Or this printing of money is dude, you're gonna have to tax and For a lack of a much better term, dude, you're gonna have to rape normal people You me joe bow, you're gonna have to tax the shit out of us to pay for your fuckup So when that happens interest rates, dude are not gonna stay at one to three percent, bro They may go back to 18 percent in our parents generation, man Yeah, I think I think over time That I mean just follow the fed's interest rate plan, right that in my opinion is going to be the timeline for this kind of bubble to pop and Once I'm I just get this feeling that once there's any discussion of an interest rate hike That's when it'll all start There at least Quarter basis point Um Yeah, it won't be it won't be a lot and then it'll slowly trickle its way up Dude drink man just said probably one of the smartest things that's that's been said today Some production builders are purposely slowing down construction in jack of the prices and milk it all the way due to 100% If you ever build a home, which joe would tell you and I learned this year because I was going to in the beginning of the year I have a family friend, dude. He's the best friend of my stepdad, which means dude This is like family blood doing in fact. He's a broker so any of so not only did I get a deal on plans getting made That's why I wanted to go through with the spec house Not only that if something's going for 274 a square foot in like a new construction He can build the replica fucking house for me for 174 Her square foot, right? Which means that no matter what even if I build a house in a market I'm still up even if I get a crash tomorrow because I'm already up about 150 200 000 Let alone he's a broker dude because he's a family friend. He's a fucking broker. You know what that means I don't have closing costs. He kicks it back to me. I see 30 000 there on a 600 000 house Yep, dude Like like when you when you figure out how to play the game and shake the right hands and know the right people You have no idea how much you can save on invisible fees that you didn't know So the question from trenton was what's the best way to short the bubble my opinion Don't try to short the bubble. That was that's my opinion as well That's that's my opinion because because the markets like joe said are designed to go up And they will do anything that they can't oh, hey cool men drink man. I love it That's the power of m. I see man if I need to know about custom homes and stuff He's the he's the go-to guy. See that's the power of the people man There's masters of any kind of niche in here But when it comes to Trenton if if the stock market is designed to go up out like dude The last thing you want to do is bet against it for anticipatory reasons like I anticipate it's gonna go down So i'm actually gonna go again It's a go against its fundamental nature And not only is it it's its fundamental nature to go up Anyone that's ever been against the american economy 99 percent of them have lost not everyone's a michael burry From the big short and second when you have the fucking fed Print money and we'll do whatever it takes to keep this economy afloat No matter how ridiculous it may seem or to what extraordinary levels they're willing to go That's just a double whammy that's like strike one and two against the batter that wants to anticipate a Crash because it quote-unquote should Does that make sense? Like dude, I love this topic conversation man because it's so it's so like It's relative man. It's relative to what we're going through right now Yep, and it'll be a slow shift. It'll be Yeah, it'll be some it'll I I talked about this last night. It's it's simple supply and demand Right now. There's no supply because interest rates are so low In housing that people are just refinancing their current homes and they're not putting it on the market to sell it regardless of the profits They will make more Savings in the interest rate refinance then they will Sell a home and purchasing a new home through all the closing costs. They will Make more money by just refinancing so They're just refinancing and there's no Decent property on the market right now That doesn't last more than a week So that depends on the state man because I'm not kidding you when I say this joe A house doesn't last four hours in arizona without 20 offers four hours. Yep. Absolutely And it so what'll happen it probably this is just my prediction Is that as interest rates increase Everybody that's signed up for a variable rate mortgage that is not a fixed rate mortgage All of their interest rates will Slowly start to take higher and it'll get to a point where they can't make their house payments and That's when foreclosures will be beginning and Then all of a sudden we will have a rush of supply yep and I personally believe It will be another 2008 situation and and here's what happens guys like when well, so let's equate this to how do we equate this to trading? Correct because the reason why we can talk about this on a stock trading webinar Is because markets are no different Chasing is no different if I buy if I build a house right now no matter what my connections are and they're good I'm fucking chasing dude. I'm buying lumber at the breakout. Well, I'm buying right here This is where I'm buying if I buy a stock right here. I am chasing I am waiting for that pullback on a very strong stock to then break out higher But I need that pullback first, right? I need something that's really good So I can get equity on the deal. I need value in this so it can go into value later I don't want to buy something no matter how good a deal I get on it market crashes tomorrow And I'm susceptible to hundreds of thousands of dollars of risk in value and or equity in the property That's chasing a stock at all time highs. You don't do that in any version of any market I don't care if you're trading pokemon cards yugioh cards nfts stocks are real estate if you chase you die Yep, and for those that are curious that you know, why why are we discussing economic things like real estate Well, historically real estate has been either a lagging it has been an indicator Probably the entire existence of the stock market So Understanding what's happening in real estate can help you judge what's going to predictably happen in the overall market So that's why knowing that irrational exuberance kind of phrasing is important. You know that You don't necessarily need to uh, like live and breathe in the housing market but Housing market dictates a lot of what happens In the overall market the overall market can be screaming to all-time highs but Then if the housing market is slow, that's kind of like a looming dark cloud and vice versa Market doesn't look so hot Housing doesn't look so hot There's the beginning of the times. Okay, which is you know, this is what Michael Burry Dicted back in the 2008 era was but it was a different situation because that was that was a financial crisis and they were underwriting a lot of uh, really really bad subprime credit mortgages, right? It was all raw at that point like literally yeah, it's not it's not the same situation because there are um acts such as like dodd frank that prevent Or they say they prevent Those types of things from happening now But you know, it's important to know that because um Do you know Are you going to have fear when you approach the market every day? No, I don't think you need to have fear when you approach the market every day that The bubble's going to pop any moment. No, the bubble probably we will not pop any moment Well, when it does it'll probably be overnight. It'll probably be You wake up One morning everything's fine. You go to sleep. You wake up the next morning and the world is On fire. Well, that's the scary thing, right? So so the reason again guys, it's it's a Universality behind markets and there's no difference between what market you're in there is human emotion So if you're chasing a real estate, you're a chaser in stocks It's just the fucking way it is dude because here's the thing Like let's go through it, right? You see something like the qqq today and you're like, dude, all right It's blast in the morning. You're like boom boom boom. It's going it's going. I love this. We're off bottoms We're not weak anymore. I'm sorry. This is a spy But whatever you use whatever example you want the qqq is basically a mirror to this today And you go, dude, I'm gonna load up on tech stocks You do and then, you know, this has a little bit of a shutdown This comes and now all your tech stocks are down. Had you just waited for this And maybe really good companies on a sale You could have theoretically quote-unquote bought a good dip on support line that up with a couple lines If you're a detour the whole point is waiting For your pitch and as day traders as investors It does not matter one Buffett talks about this. It could be alex. It could be one Buffett There's no difference if you have a hundred tickers in play Or a hundred different opportunities to invest Wait for the three that fit your process your criteria stop swinging it everything based on emotion We talked about this exact thing that happened in the market today Last night Basically, I outlined a bunch of rules for members For those of you that are watching on youtube that Weren't in that webinar I'd recommend joining and watching that webinar. It's it's available to monthly so you don't have to pony up all the additional Everything for annual or lifetime just a minute try out a monthly for a little bit and go from there The webinar talked about the key Times of day when a stock Is likely to fail to continue higher And I talk about how to use The pivot structure to guide you To know when There is a likely a strong likelihood that you will probably be buying A top And then vice versa on the short side this can protect you on the short side And guide you to know when you should cover or get aggressive, right? So We talked about it last night. We talked about the key times of day Um, we talked about volume playing a role talked about all kinds of stuff I gave probably three or four examples in there I went through a chart where I drew it out showed exactly what the pattern is supposed to look like um And gave almost every single scenario um And I will give away one free stock idea right now, which is going to be costco Again It will be costco again Um I longed costco I know right I longed costco at 318 And um, I sold some at 342. I did it using options But we talked about this bread and butter setup That occurred and I'll I'll annotate it right here. I think about our bow Sorry, I read your name on the webinar and I'm like it's bow. Oh, wait Dude, I do the same thing. I literally will be talking to like woody and I'll be like, okay bow Oh, wait a second. Yeah, you're like, oh, dammit. No, not me. Yep. So Right here on this day That's the day I bought it this setup right here Is a textbook setup and I went over that in a webinar as well And oh god, I get all these pumper email or these text messages. Hi, my name is blah, blah, blah I'm looking for an investor friendly realtor blah, blah, blah to work with I was wondering No, you're not you're with a company and it's a bunch of fucking pumping Bro for oh by the way, that's what everyone else is looking for a realtor that has investment properties to sell you as well By the way guys, that's any that's any form of any kind of success, dude Now that like obviously people know like that I have a decent amount of followers or people follow me now I've got an impersonator on freaking instagram trying to sell people crypto dude I handle the emails and social media for freaking uh, m-i-c if you Would dude, you know how many marketing agencies reach out to us and like do you have a marketing agency? I can help you with xyz and pump your shit up. I'm like, dude. We're good. We're fucking good Like yeah, oh dude. I spend half of my day just Just blocking spam You have bro the mob these two levels these two levels right here in costco. I I mean this I'm extremely bullish on on costco wal-mart and home depot Which are you know, probably the three biggest retailers in terms of Shopping and then home improvement Home depots chart is just oh my god. It's glorious Home depot and lows are two of my favorite big cast because they're nice dividend payers on top of that Home depot is a can't fucking miss. I mean look at this bro. I can't slow it down It's a freaking freight train. By the way, joe. I was buying this here. Still got it Nice, I have this in in in a retirement account right here dude because yeah, again again What do we talk about all the time joe? This is one of my favorite things to talk about What is a future proof company people will always need starbucks in their coffee fix They will always need trash pickup. They will always need to build their home or fix on their home Real estate's one of the biggest industries in the world guys. These are can't miss investments Now i'm not giving you investment advice I'm just saying within these sectors because no matter what happens in the world guys. These are need-based businesses It's need-based. It's need-based at the human function level But joe continue with your home depot analysis And we lost joe We're yet He's like he's like if you keep interrupting me All right guys. I'm sure joe's internet kicked out for a sec We will uh, we will get the man the myth the legend back. All right about that. What's up, dude? Baby just woke up so You good you're so good You might have to bounce. Yep. I'm probably have to grow out Anyway, that that's pretty much all I had for for that um Yep, we talked about A lot of what we discussed today in more detail in last night's webinar. So Come join come check it out And if you have any questions, just give me a message Dude guys reach out to joe man. He's a huge asset for big caps and options Especially our new guys. We're looking to learn the trading basics man I'm telling you watch his series and you guys are gonna like it a lot man. I promise you you're gonna like it Joe thanks man. I gotta bounce. We'll see you. So do your thing buddy. See you man later When it comes to trading guys when it comes to trader lifestyle Joe is the best example He is a father and a trader a father of a lot of kids the fucker keeps procreating every day It feels like but the point is is you don't have to not be a family man You don't have to not be a real estate investor Dude, you can devote a couple hours of your day to become a trader learn our system learn our process Learn admit, you know, trade the first hour of the day whether you're short go into, you know After the first hour learn zombies learn how to long during zombie hour Maybe spend an hour later in the day come back for a reversal hour and dude I'm telling you right now you instantly can make Supplement or make money and make it a full-time living if that's the route you want to go and you know It's obviously within your comfort level. I always tell people, you know Trading is not for everybody as obviously you have to risk money for a living, but if you ask me And this is not my personal opinion. This is an opinion for many billionaires that have said And I've just kind of ran with it because I love it But dude the biggest risk in life is not taking risk, right? Like following the beaten path of getting a job going to a lot of bad debt You know load up on your credit cards get student loans and then just build someone else's assets and dreams your whole life without learning a skill or a talent It's very hard to get ahead get wealthier live life on your term So there's a saying that like, you know what traders spend a few years of your life Like most people won't so you can live the rest of your life like most people can't click a couple buttons Make a couple hundred a day make a couple thousand depending on your risk levels the side you use If you're jj make 20,000 a day, it seems like dude, you just crush it But everybody's different everybody's got to learn a skill and ours just happens to be day trading and finding patterns within price actions So, you know, if you think m-i-c is a good fit for you. Awesome You're already part of us if you're looking in and you're like I really want to learn, you know Things like stuff moves and death candles and no one is short because of you know Indicators like this and no one to follow trend and stuff. We're going to teach you at the best of our abilities, man This is the this is the one-stop shop for anything like this Um, only job where you can be in your boxers and make money every day. Well Technically Mike, I think there's probably a couple jobs that fit in that industry, but I hear what you're saying pal I Those mattress actors don't even have to wear underwear Uh guys, do you have any questions? Let's go over some questions there. You have any fire it off Any questions? I'll do this for a couple more minutes. Um, and then uh, and then we'll rest it up, man But does anybody have any questions? Joe had bounced because of his kid just woke up and uh, bow's actually got a massive headache So he's actually laying down. So that's okay. So Trading is a craft just like plumbing electrical, you know, etc I love that, you know, the thing about trading guys is is it's a skill like any other, right? You're actually kind of almost building a business within yourself with a certain amount of skill set that every day you can You know instead of charge for quote-unquote charge for based on a you know a need-based business or something like that You're you're almost charging clients by learning how to trade well, right? Like you're expecting a paycheck because of the minimal or the nominal work you put in so You know, I'll give you guys just a couple things today in this free webinar because I really really don't like to talk Too too much as I feel like I've got an open mouth. I just want to teach everything but this is a free webinar guys so I'll give you a couple tidbits, but Here's the thing we're looking at every single day as traders. Let's just go through the list, right? number one You can't be fighting trend man. You can't be fighting trend. I cannot save us enough You want to be a trend follower as traders the most unprofitable or the most inconsistent or at least the head bangers guys that just Bang their head against a wall all day because they can't find consistency are the people that fight trend They add an ad to a losing position. Now, let's look at the difference, right? Let's look at the difference. So OCGN started running today, you know, it ran it caught some traction Then it started really running if you're shorting this past any kind of Any kind of under pre-market high and you're not stopping out when this breaks and you keep adding and adding and adding It doesn't matter if it comes down later This could continue to 14 without you knowing if it's going to guys if we knew that this was just going to top out at Eight say we started shorting at six and we just knew it was going to top out at eight Well, bro, dude bow Alex myself would throw 10 000 shares 50 000 100 000 shares If we knew that this was the end result and it ends back at six You don't know this is going to happen. We'd be billionaires if that was the case, right? Like throw caution to the wind. Hey, it's gonna. You know, it's it's trading at six and dude It's only going to top out at 8 20 cool man. Load my entire fucking account at eight Like you don't know that these things are going to happen. I've seen these blow traders out of the water So the difference would be Is because you don't know how far trend is going to go don't fight it Don't fight it. This is a long until it proves otherwise and then breaks under vwap So we've got many traders, you know, one of the number one things I tell new traders is guys Stop fundamentally breaking rules and what I mean by that is not your rule set the rule set of price action Start longing stocks over vwap that are strong that are hot chicks And short stocks only when they're under vwap Especially when you're brand new and you're trying to find this level of consistency that maybe you don't have it Dude, that's it man. That's fucking it. Dude flash awesome, man He hit if I'm not mistaken. That's this pop, right? Uh, what's happened to 12? Yeah, dude, I'm I'm telling you man This is the reason why our members have wonderful charts and practically these days better charts than you know Me bow or alex is because dude, it's repeatable It's scalable like these guys are learning a very repeatable process wait for the backside to short And hit the front side of a stock that's strong today. There were really no great long setups This was actually kind of broken With no real confirmation because it's tick tick tick tick. This is not really fluid. This is not really, um There's just not a lot of volume, right? So this is not a short by any means So you wait for it to squeeze out the early anticipatory shorts You wait for it to get longs what's called stuck on their position and you hit under vwap man It's as simple as that so, you know, and then you have things like this in like astc Where maybe they're in the beginning of the day proving that all right Let's let it prove that it's going to be a nice mover. You know the deviation from vwap that we always talk about It's going to be a blast off vwap. Oh, nope. We get a massive massive stuff. This is actually not a long It's actually a flip by a short. There's your indicator. It's a total trend break, right? And it even broke this little level right here. Like dude, this was like This was huge you had not only did you have a reject of three a whole and a half dollar? You'd a massive death candle stuff the the candle closed I always talk about this when the candle closes and doesn't have a big wick to the bottom That's massive and also it broke this key level right here Like dude, this was huge like if you weren't hitting these pops like you should be hitting those pops You know what I mean because now you have defined a risk above that level Um of basically three to stop out if you're wrong Which nine times out of ten this actually just continues downward like it did now That's a huge sell-off that you can't predict but dude, there's a scalp in here one or two before zombie are that's what I'm trying to say so This is a repeatable process guys if you understand price action or you don't it's all in the flavor of process So I like shorting. I'm gonna wait for xyz under vwap and wait for backside I'm gonna hit only low hanging fruit and then if I'm along etc etc and we teach that to vice versa I'm only gonna hit strong stocks Above vwap that are making new highs pulling back to a support that I want to catch the first bounce etc etc right so Anybody that's looking in the mic, dude What if you want to support a community if you want like the ultimate positive community? That's the whole thing about weeding out the lifetime process is because A lifetime member is going to be with us for exactly what it sounds for for life We need to make sure that you're a really cool Dude or chick or someone that wants to learn to help give back So this is what I'm talking about if you feel like you want to be part of like the best community on the planet Man with the most positive people We don't put up with any negativity mc is the place for you And if you're having struggles or you're having trouble in your trading Number one Did you lose $200 today? That could have been a month at mc. Did you lose two grand or Exactly 1890 dude, that's a year of mc where we're going to teach you the right way The number one thing that the traders do wrong M. I see is very unique. You won't get teachers like tossing anywhere. Thanks buddy Yeah, dude, JJ just went lifetime man. He's doing super good JJ dude is like one of the best examples We've ever seen at m. I see guys he was a trader who's been trading You know many years found consistency then lost it found consistency that lost it committed fully to our You know our whole structure at m. I see committed to the dude And now he's just he's on top of the world man And I love seeing it because it proves that what we built was for a legitimate reason We knew three years ago that dude this stuff works for us and because it's based on human emotion You know, obviously price action. It's repeatable. It's not a biased opinion of like Let's just keep buying the dip until it bounces or let's keep shorting the top until like that's not what we do man We've got a process that everybody can do dude. Look at him His but now he's pulling in three that's like a small p&l for JJ dude. That's freaking awesome, man So we made JJ a moderator because now he goes out of his way to help people and the whole point of m. I see guys is Is once you figure it out pass the elevator back down to the next guy man or the next girl that's in need of it And that's how you build a self-sustaining community Is when one level is taken care of there's another level that's struggling that you can help so You know just big hats off to JJ hats off to anybody in here that's helping other members Even if you're still trying to find consistency and I know a couple of you guys are and trust me Keep fighting the good fight man. Keep fighting the good fight Takes a big work ethic. It takes understanding this and you know, there's always the How do I say the general notion of when it comes to trading just like anything else? And you know, this is a real webinar based on psychology today If anything, you know psychology of markets what it means to be a trader what it means to be an investor of any form and you know Just just know that without a work ethic, man, it's hard to get anywhere And if you treat trading like a hobby you're gonna get a hobby results, man But if you treat it like a job like people like JJ did or a lot of our moderators did you're gonna get you're gonna get Career results you're gonna if you treat it like a career Treat it like a job and take it very seriously. Well. Oh, and here's another example guys I mean, dude, this is what I was saying about chasing now look at qqq Dude, this was bit These are the tech stocks. This is the tech market. This is like the spy for tech Um, dude, this was banging in the first part of the webinar where people could have chased They could have chased right here and been like, wow, well, I was just talking all techs banging And now dude, look at this like this is the shit that I'm talking about Don't chase any market, whether it's building a home buying a Rolex buying a freaking use car buying a new car Don't chase man. Don't give into this FOMO of I have to do it now I have to do it now because if you just wait for your perfect pitch, bro It comes but you got to wait for it and that's the whole thing about trading and what we teach at mic Is being on the right side of trend knowing when your edge is presented. Oh very nice Knowing when edge is presented. That's gonna be a nice play tomorrow And um and and just basically knowing how to swim in and out of process guys because that's what it's all about It's about learning how to maximize make money. It's learning about how to protect your accounts And chasing is not a trading strategy at mic It's just not and there are rooms that will teach you to chase unfortunately I won't name names, but basically any pumper Yeah, get in get in this shit's hot. This shit's hot. Let's go. Let's go. Let's go and then, you know, they're Selling into your buys man. That's the whole agenda. That's the pumped position That's that that's the idea that they were backing, right? That's like the thing that they were going behind. So You know If you guys have any questions, man, text me 213 458 5997 I will absolutely answer your questions get you started in mc if you feel like it's a good fit Again, it's no pressure man. We don't pressure anybody. We know that we're the best We know that we offer because of our members because of the moderators We're not the best because we're like king kong beating our chest not by any means dude We're the best because we have 15 plus freaking people willing to help you in any form all hours of the day whether they're member calls pms everything And we go above and beyond and work 14 hours a day to make sure that your needs are met That's why we're the best. We're the best in customer service We're the best in this and if you feel like you want to be a part of that man Just hit me up and i'll answer your questions to get you started But i'm telling you man mc is a freaking revolution and we we haven't even begun yet We're three years in we haven't even started dude. We haven't even started so couple couple closing questions if you guys have any I'll definitely answer shit. I think um Usually joe handles the youtube. Sorry guys if I missed a little bit of this. Um Yeah, joe usually handles the youtube questions. Um Does anybody anybody last minute questions? In chat or anything members? Otherwise, we can close this up a little bit early today and get bow on next week value The tradition is when bow comes on he usually trades live with us and does some channel channel scalping and all that It's fun. I know he would have been all over sos And I would have been yelling at him to close up shop right now after this channel I know him dude. You got resistance right here resistance right here resistance, right? He would have been all over the shit Yep chasing is not a strategy Dude happy to help man. Seriously, I guess we'll just wrap it up here But super happy to help you guys man every week that I can some weeks we talk about Just trading stuff some weeks we talk about you know any type of markets and again I think it's all relative and the more you show up whether it's my webinars Whether it's a low-high it doesn't matter man You're just gonna you're gonna pick even if you learn one thing today That makes you better or even just how to sit on hands better or wait for a perfect setup It's gonna help you man. You're just gonna sharpen your tools and get better and I hope you guys learn something today I really do I hope every single week that you guys learn something cool learn something new We can help in any way shape or form and you know just to go back guys It's like yeah, thank you guys for showing up seriously But I mean guys check it out man. Seriously. Look what we offer man Watchlist every single day. Alex is putting together his full on detailed watch list Through main chat. We're in here educating all day trading the lines helping out members after the first hour guys I just I bowze educating mostly. I'm on back in all day. So if you guys have any p.m Questions, you can definitely get a hold of me, but dude. I'm answering emails all day I'm helping back and I'm helping with the emails social media. So obviously You can catch me in the immediate morning for the most part and then you know inter spruce throughout the day But dude, I'm telling you bowze in here educating all day man. We all have our roles We're all doing the best we can so that you guys every single day have your needs bet man That's what it's all about. So, you know, if you guys have any questions We have a channel dedicated to everything you need whether it's brokers whether it's taxes Whatever you need we got it, dude. So, you know, stop wasting money on scanners stop being with the wrong brokerage Stop wasting and giving your money to something that's not benefiting you. I promise you if it's not do it If it look the only definition From an asset and a liability is an asset puts money in your pocket and a liability takes it Dude, like if you're in stuff that's taking money from you and not producing an ROI Which is a return on investment whether it's a scanner or you know a broker of choice that's not working out Dude, I mean you got to let him go right like that's that's not that's not actually benefiting you So like I said, man, you know bow post of scanners every single day Alex is literally posting a watchlist which pays for the membership itself You combine that with the money you're going to save with Chad hessing or Tony illa trade zero and cobra dude bust out the spreadsheet and I'm I can almost guarantee you Your m.i.c. membership by the end of the year and the tax write-offs guys reach out to brian, dude Shout out brian and the like if you use him for your tax plan guys the money that you're going to save by The end of the year I I I almost swear to god He was going to pay your membership like just calculate the fees and see but Dude, it's m.i.c. is a tax write-off too as well. It's like you just bought a new computer There's not much difference talk to the tax professional get all the details, but dude m.i.c. You could write it off, dude That's good. That's kind of big So thank you guys. Thank you guys. We'll do this next week again Anybody lists on youtube. Sorry if we didn't see all your questions We hit them next week. We'll get you next week And uh me and bow will tear it up with bow live trading next week And I'll slap him around and comment and hope he's not breaking rules And it'll be fun show man, but catch you guys next week. Thank you. Thank you for showing up and uh, we'll get this uploaded. See you guys