 What's going on guys we're back with a special edition of the after-hours podcast today. We're doing something a little different We have a small little round table of traders from M.I.C. And we brought them on for a special reason I Recently Steven one of the moderators and in the group. He started this really cool channel within my investing club called discipline channel this one workshop and Basically, I'm gonna let him kind of describe what it is and how he grew it. It is his baby So Steven, I'll let you kind of take the reins here. Sure. Yeah. Hey guys so basically about two and a half months ago or so I Kept getting the same kind of questions and it was like hey, I'm having trouble with this plan You know, what could I do? And I always kind of went back to what Alex always used to say, which was like You know judge your days based on how well how well you stuck to your plans not by your P&L So when I first heard that I don't know earlier in the or late last year early in the year late last year I really took it to heart and I started doing it and it started working and I you know did pay attention to my P&L I was just like hey, I stuck to my plan today I did a good job and you know I used to struggle with discipline and whatnot and that was one of the things that really helped me So that along with sizing down was kind of like my core things that helped me So when people would ask me hey, you know, what could I do and you know, how should I Fix this kind of problem I have I always knew the problem was rooted in greed, right? It's always about greed So I would tell the guys the same thing over and over then it got to a point We're literally literally like three guys asked me the same at the same time and I was like, okay Maybe we could just do a tab group, right? I want you guys to follow these rules and I'm sure in two weeks You guys will like the results and then we could show everybody else Because it's like man, I keep saying the same thing and Alex keeps saying it But like people, you know aren't really doing it or they're still struggling or they need to learn the hard way, right? So it started there and I was like, okay, we've got three of us So let's do a tab group then I was like how many could slack hold in one group, you know group chat So I googled it. They said nine. So I'm like, okay, let's do a few more and I put it after I was messaged out And route I think I could be wrong, but you were one of the originals. I'm pretty sure. Yeah, yeah Yeah, cool. So I put I put it out in after hours. I'm like, hey the match made in heaven right there Exactly So I put it out there and I I thought I'd get like two or three. I'm like, okay Who's really struggling, you know, we've got some ideas. We want to do a tab group for a couple weeks And I kid you not man I mean, I don't fit if any of you guys remember that really you probably do but we had 50 plus I mean responses in like a few hours. Yeah, and then 90 and then It was crazy. So I'm like, okay We can't do this in a small group anymore. Let's do like a locked channel So I talked to Alex. I'm like, it doesn't seem hard to make a channel. I'll make it locked And we'll just do our own kind of tab group in there. He's like awesome, you know So we did that we did it for two weeks and I called out one more time in after hours Hey, who wants to join this? Well, you know, we're doing this thing and I don't remember what that original group had But it was over a hundred if I remember correctly So yeah, it was over a hundred. So we did that for two weeks and really was there and We I think it was two weeks. Yeah, it was two weeks Then everybody saw pretty good results and they're kind of like, hey, let's extend this Let's let's extend this and the problem was like at the time It was like a lot of people were focused there and Maybe not so much posting issues in after hours and every and we were all kind of like well We don't want this to take away from after hours. Why don't we open this channel up? So we said, okay, open it up and we'll also post an after hours and everybody could kind of get in there So when we opened it up, you know, it kind of snowball I mean, we had a couple hundred now We've got I think over 500 500 something like that. So that was pretty much it and what we ended up doing is We put guidelines out and it was just like I explained it was like hey, you know size down You're gonna get a calendar. You mark your wins or losses only based on your you know, if you stuck to your plan or not We don't care about your being out, right? So everybody started doing it And I honestly Didn't do it at first because here's the thing like I didn't want the workshop to be about me You know, I'm already posting charts all day in main chat So I don't want to be like hey look at my discipline look at my charge You know, I wanted to really be about the members, right? But after the first month everybody put the results out and I was like Florida I'm like what's going on here like these guys a lot of them are new You know new newer than my see like really you could be in the my seat five months Yeah actively trading here around five months, but just Bouncing and there's been a bit longer, but it I would say like five Yeah, it's amazing. So I mean people members like Ruta were posting these results where they had like one red day Like in the whole month and I'm like what's going on here? And it's you know, mainly from sticking other plans, right? And even the red days would be pretty minimal because they're always plant So that's the thing you can't get in much trouble when you've planned all your exits and in your stops I mean, there's no way so I You know, I knew this thing works, but I didn't think it would work that good I mean come on if I had this when I was new, right? I mean I'm gonna be honest with you like the reason I've gotten like so involved in the workshop is because when you first started it I was like, this is not gonna work Because I've been so I've been trading for five years and it's Harry's been trading a little longer And and dude, you don't know how many people we've seen like it's just a discipline Yeah, it's like oh this guy can make a lot of money on Monday and then Tuesday comes he blows up that times 10 And once I started seeing some of the September results, I was like, oh shit, okay I was like maybe maybe the difference is that that group mentality We're like so Steven touched on the tab group which for anyone who's not in my see a tab group It's just something that bow now. It's really created. It's just trading. It's a trading accountability But it's trading within a group or with one other person and kind of bouncing ideas keeping each other accountable And you know for you I guess years We've always treated as like that really only pertains to like you're trading like your actual trades But it goes deeper than that it goes to discipline it goes towards keeping each other accountable on all aspects of life really And I think I think that's why the discipline workshops really exploded and then like we see members like Ruta Trevor John just doing really well. It's really cool to see. Yeah, and I also think that like instead of having just one tab It gives you like four or five hundred other tabs. Yeah, it's really kind of Which I never really thought of yeah plus also just getting like you said getting feedback from everyone and like like Discipline is like it's like a snowball like the better the more you do it and the like the better you are at it The bigger it can get and the more disciplined you become that's why you see guys like Alex that are beyond discipline, right? Like it's disgusting It's from eight to nine years of discipline and having a tab keeping discipline as well So I think you guys are just building these great habits And then your snowball kind of snowballs into someone else's snowball and just keep getting bigger and better So so really kudos to you Steven this this idea really is is truly something's awesome. Yeah, and maybe John and Ruta and Trevor can all take turns maybe like Explaining like how it's helped them kind of like evolved as a trader like John you can start and then Ruta You can go after and then Trev. Yeah, so perfect Yeah, I was just gonna jump in there about the about the tab This this summer when I was hanging out Steven told him it's kind of hit or miss, you know I mean like yeah got got linked up with a you know a tab partner and then maybe a little small group of about four You know they weren't as It's just not in the same place, you know, like yeah, maybe cash accounts not you know not Not not active every day because they you know under under PDT and that so it's like the the tab the discipline workshop's really good because there's people in there all the time and and it's because of the activity that I think it's Provides more value for me. Anyway, then the tab groups that I've been in So that's awesome Yeah, I mean I've been in my sea almost a year. I kind of didn't trade this summer because a lot of the family stuff going on but so actively trading maybe like nine months and It does help a lot understanding Understanding that you can have a win without actually making any money on P&L that day And and sticking to sticking to a process and it's totally accurate like my biggest losses If you want to just done stupid stuff, you know, I mean, oh, yeah This stock's gonna go down or this one's gonna go up because of news and it just doesn't happen and not trading with a plan. So After, you know fairly Decent law for myself. Um, just having a plan and always sticking to it is totally beneficial for me because it it it takes all that emotion out of it and Even on days now when I have a small loss and it's totally manageable. I Yeah, I don't I don't I don't get down on myself about it. I'm like, oh, I stuck to my process It's a win for the day and I came back and traded the next day which in the past I did Like it's like it's old Steven earlier in the week I'd have called in the hole for three or four days or a week and not traded at all, you know I mean been like oh, I'm I'm you know got down on myself and and I blew it and you know And it keeps me from doing that now too. So I'm like, no, I stuck to my plan. It didn't work out Um, you know the trade didn't pan out the way we all I thought it was going to I stopped out and We'll come back and make a new plan tomorrow. So it's it's made me more consistent. Yeah, it is a win I think a lot of a lot of new traders know that feeling of like You know how to trade but then you deviate from your plan or your process and you're like you blow up a big loss And you're like what the fuck like why did I just do that? You know and you do that you crawl in your hole and you're like sewed down on yourself So so you're saying john doesn't even make a difference just it makes a difference in your day-to-day life too Like you can walk away from the screens not feeling like Just that upset almost depressed feeling of like what did I just do? Exactly and that's what I would get. I would go into a funk and you know, I I've been working after from home for eight years. I don't have any co-workers either. So this is you know This isolation of being a trader is also, you know, is compounded when I go to work because By myself then too. So It also gives you that sense a little more sense of community of having a tab group That's actually actively trading and And rooting for each other, you know, so that that helps a lot Of it For each other rooting for each other We can go under it. Yeah, go ahead well Same like john is saying it's just it's very first of all It's very difficult with tabs because one comes one goes so I had a tap the guy was very nice dude He lived here in vegas too, but it's like i'm 700 up i'm 200 2000 down is like, whoa It's just like it's difficult. It's difficult when you don't have that discipline You just like all over the place and now it's just like Again, like john said we have like a big group with the same kind of rules and really keeps you grounded And that's you know, the way steven set the rules guys just because we all very emotional We just very like for me Before market opens I get a lot of anxiety To be honest, I do I one of those people like i'm like a little squire like i'm gonna go do this I'm gonna do that see what it does what i'm like. Whoa, whoa, whoa, whoa, and this really keeps you down I wake up. I make my coffee. I See what's happening. I just put my fantasy orders bam bam bam here and here. That's it. I do not care You know, and I'm just sit and I watch see if you come here. I'm good if you don't come here I'm out You know because for me that and what happens with discipline you have to stick with one thing Yeah, you cannot see there's a lot of people do a lot of things but those people are kind of they know they limits Like I know I cannot just go In short and then long can then see what this one does Let's see what the big caps are doing. No This is absolutely no you when you get better you do whatever you want to do But what do you do you just follow that? Watch list as your to-do list and I understand it gets very frustrated for new traders When you come your computer you have like a three three goals. Let's say only three things on the Watch list because it gets slow it gets different different ways And like maybe of those three choices low case are expensive Like you have two choices And then none of the hits and you have to make sure you're gonna walk away Because when I started I was like, ah, this is bullshit. This one does not is not hitting this one This and you're like, ah, you know, let me see what else I can do, you know And it always gets you in trouble Always get you in trouble and it's just like and also like they preach here like put your heart stops You know, don't don't have that attitude. You know what let let me see what it does. Oh, it'll show you what it does You know, you can't you can't do those things It's just like and again like when we have this big group right now You feel ashamed if you do something dumb, right? So that's accountability. You feel like like a dumbass And you know you and yeah, like john says we go on each other's I go through everybody's chart Even if I don't and I see what people did right what people do wrong. It's like, oh this so stupid Like I I I would totally would have done the same thing if I trade it You know, and you try to like really root for people and try to explain them where you struggle Because what happened When you open main main chart, you just don't know what people are doing You don't know where people's head is and right now every person like you have you got have you even noticed how many stronger Traders are coming in. Yeah Yeah, exactly. Like, you know, like he she they kind of saw it But somehow they not and it's not something to say oh look at this It just gives you that thing that you are not unique that everyone is struggle Yeah, you know, it's just like it's good feeling to say like, you know what and you see people's plans and they matching with you It just gives you that You know and stupid plans and good plans. They matching with your Whatever you're doing and it gives you Understanding where you at where you're going. It's just a whole new thing When you just step into that it's just it's wonderful It's really really wonderful. I think it's awesome. Yeah, and I think it's good Isn't it like are you guys like advance but you That would be such a important step for you to pivot from if you were like beginners Yeah, 100% I don't even think it's necessarily like just for beginners Like like you said and like to touch on a lot of what you just mentioned You know, I've I've a friend his brother-in-law works at a hedge fund and he trades a hundred million dollar book And I got to sit down with him. We were talking and he says every day He wakes up and he still he's been trading for like 15 years. He sweats. He gets anxious. He's stressed. He's like Fuck these guys. He knows he's gonna trade massive size But the second he gets in the drive sits down and he's like in the driver's seat and he makes a plan That's it. He's like then I can just sit and he's like then I have my coffee and I eat my breakfast And he's like that's it but like every day like the market's gonna test your anxiety It's gonna test everything because we're we're using emotion for using everything that humans are like rooted kind of Against and like all like the negatives that we have So kind of what you're saying like when you sit down you have a plan and you're like, you're not scared anymore There's you take away that like that negative energy and you're like, well The market's gonna do what the market's gonna do either my plan works or it doesn't and if it doesn't I did the best I could You know, very true and a lot of traders say like, oh my god, you know greed is my thing Me I'm not greedy. I'm scared I get terrified I would get terrified and and that to trust yourself On your lines and your plans like Steven says you need to go with the small plans because you know, I just got You know, Penny's up thinking like But with a small with a small size you Get to learn stocks personality. Yep And you let it breathe you let it do what it needs to do You don't jump with every little penny and then you grow that muscle of understanding you grow that muscle of letting Letting to do your own thing And then you can up size you can do whatever you want, but you just really need to You know do all the it's a process. It's a yeah Have you noticed have you noticed your plans working more and more now that you've been in the discipline channel like Compared to before or like when you first join Of course Yeah, absolutely. But another thing you just learn yourself you learn more where you're lacking and I was just Talking to another member just almost laughing because I went on this like green strike Like I'm just this and that but then you like in the couple of weeks you get possessed to be green And it's again, you're learning yourself because it's not the best thing Because you just want to be green But you have to trade good Being green is not good enough because I would exit too early just to be So you're learning yourself you say, you know what I don't need to be green. I need to learn how to be red. So I'm going to take this little Understandable loss and I don't care if I am red But I'm just taking more risk If I want to be a little bit more profitable if we're going to even Talk about money because we don't really care at this point You know, so just being just just to be green. It's not good You need to learn yourself. What do you need to do to be better trader? You know what I currently see my I uptick a lot of entries my entries are solid, but my Oh, man, I just I was just going to cut in real quick and we also haven't heard from trevor yet. Um, so trevor, what's up, bro? What's up, it's up. Oh, I just lost black square over there again. I forgot where we're showing me Maybe you can kind of dive in as well about your kind of experience and the discipline or chop as well So, yeah, my experience is a little different than uh, ruden johns. I've been trading for Actually quite a while um, and what I noticed in my own trading and or what Has always messed me up is I go on these really good green streaks and I trade really well and Then just like, you know, I get in my head and I have A lost day which should be a manageable lost day and then it was like The next day I'm like, I got to make that back And then I have another lost day. It was always big days of three that was like my magic number three big lost days um And then I would claw my way back and keep working and keep working and my last like little I guess roller coaster down Um, I looked back at like my plan after all the smoke and cleared against and um That I wrote down and I was like man, my plan was like, I think the line I said, um I wanted to hit it to the penny And then ripped it was a long And and then the other trade I got just chopped the pieces on it Basically was hitting hitting my lines perfectly if I would just trade in my lines and be patient And like I just realized that like I have a I just have a discipline issue It's like I know how to trade I know what I'm doing when when my head's on straight But sometimes when my head's not on straight I'm just I trade like a complete idiot and I look back at the other day. It's like, oh my god. Like what the fuck did I do? and um You know, and then you're like, I know better I know better, but it's hard because going to the next day even though you know better And you know going into the next day you're probably gonna be more emotional and all that it's like I'm sure you guys don't know how it feels like it feels like some comes over you almost and you're just I'm not like ruta. I'm a cowboy. I like to shoot I'm obviously like My my problem is over trading like crazy But I just kind of realized like man if I could just stop and slow down And I you know, I was watching the discipline channel didn't start as early as really did But I was watching and I was seeing these people like hosting kind of the same Thoughts I was having in my head. It's like man today was a total fail in discipline. My plans were great but I found myself trading random stuff and I was like, dude, that's me like 100 percent And my plans are solid and I looked back over like the last week because I had a bad week that week And I looked over my week at my plans versus my trades And if I had traded my plans, it was like dude, my plans were amazing So it's like I don't have a planning issue. It's just a following my plan So that's when I kind of decided like I have to stop focusing on P&L because that's one thing I definitely was focused on And just look at my trading date as did I follow my plans? Yes or no? And that's how That's the only way I'm going to judge my trading success on that day or that week is Was I disciplined did I follow my plan? And then it's funny because when you start doing that it's like all of a sudden you start having trades that work And you know what I mean? It's like oh shit like Having just solid days that would have been you know a chop day or Or just stay out or not trade anything and you look back at the end of the day, which is just a satisfying Seeing a day that Is super choppy and you just didn't take any trades and walk away So I kind of took away that That like need to be in a trade, you know, like before the market opens like I'm trading this stuff Period it takes away that like anxiety of oh shit. I need to find something I'm gonna miss I'm gonna miss the runner or I'm gonna miss this or that At the end of the day, I'm gonna feel so stupid because I didn't hit this trade or you know So I think honestly it's it's amazing. I think everyone should do it because I think We can trust it's hard. It's only like I think you said to James is like You have to make your plan when you're sober mindset because yeah, when I'm trading I am Not sober No, yeah No, we're intoxicated with profits, man Like we're always thinking like what can we make what and it's a weird thing because you see it like the days Like so part of the discipline channel also is Not only do we post the winning days We post the losing days and not necessarily like everyone's losing p&l losing process, right and 99 of the time the losing process is like Someone just made a plan on the fly Someone got in they're in a trade the stocks moving they think what can I make and they just get in And they lose and then they're like shit. Why did I do that? And what I'm noticing with you three is like, I think you guys kind of woke up to that and there's a There's like a a progression as a trader that you realize that like dude when I make those dumb Mistakes those moves that I have no plan on I lose. It's not it's not rocket science It's when I trade something I don't plan previously I lose And the problem with that is it's an unplanned loss so it can oftentimes be a big one Yeah, those are my biggest losses if I actually I want to do this I want to go through my trader view because my biggest losses are always like stocks that I didn't stop out Because I didn't have a plan or stocks that I didn't take profit and they reversed on me and I panicked and I added Yeah, and all the stocks that I squeezed your honor as well Oh But no, it's it's true. It's the stocks that I got greedy on right and you know same thing and you know trevor for you Right because you've been you've been at this for a little bit Have you noticed like even outside outside of trading for you like personally like that the weight of like the markets Isn't so heavy afterwards like after you're done trading for the day. Yes, dude. Well, yes, and One thing you said about losses. Yes, my losses have gotten so much smaller because normally If I had a loss I would stay till the fucking close looking to try to make it back And I'm not walking away, you know, I mean if I had a loss, it's like no, I'm making that shit back So, yeah, dude, I'm my loss are smaller because I could take one small loss Tiny little cut and walk away and go about my day and I feel amazing So 100% dude like the The feeling of I should be at my charts right now because something's probably happening And oh, I could have made my loss back You're not worried about that because like I didn't have a plan to trade anything else So there's no FOMO there. I can walk away Ignore it and just enjoy my day and come back fresh tomorrow Yeah, and I also think that the market is designed to take advantage of emotional traders Like it's designed to take advantage if you're undisciplined if you're super emotional You know, it's designed so that when you have a small loss You want to keep making it back and making it back and making it back and You keep going back to the same slot machine or poker table or, you know, roulette table And so that you keep throwing your coin in and throwing your coin in and sometimes Yeah, you may get lucky, but I'm gonna say the vast majority of the time you end up with You end up in a worse spot than you started. I think for sure When you get into that type of mindset, so that's where kind of the discipline channel can come in You know, you you have to put your plan out in the morning And although I I don't see 400 plans being posted every morning But I see about like like how many active members would post their plan every morning, steven Do you think I mean I'd be estimating. What do you think James? 20 to 30 30. Yeah, the the same one's daily definitely 20 to 30 You know in the in the discipline workshop. I'm looking right now. It's 535 members So it's it's something that we really want to encourage we want to talk about was yeah out of those 535 members I want to see all 535 members poet. It'd be a lot of a lot of freaking And the thing is I get a lot of dms and I shared one the other day in mod chat I get a lot of dms and people say I'm in the channel. I'm active. I'm just shy. I don't post But I'm following along and it's helping I like I've heard this from 15 20 people So I know and on the new member surveys We have three responses this week all three said they're being helped in the in the workshop And these are new members. So I know people are in there following it, but they're shy to post Yeah, and don't be shy. Honestly, God, you shouldn't be shy because we all make the same mistake It's a hundred percent. We've all done it before we've all taken the same dumb losses If you post a chart, I can promise you I can post a worse one Yeah Of course, dude, we Gunslinger, you know I saved that chart for you of that that stock that you were long and they had like a massive like odd burnings call And it just kept going for you. Yeah, they had that I didn't realize that there was a conference call Then the ceo cfo and everyone in the fucking On that call and it gets halted down and I'm like, oh shit And I look it's like 30k because all my other fantasy orders hit It must have been like I swear to god like a hedge fund or something just put every single share they owned of that Fucker on the market And that's it it's just it's listen, we've all done it. So guys when you're in the channel, don't be don't be shy Don't be nervous And just it holds you accountable. That's all I'm gonna say. I think this step here pressure helps Yeah You're sitting there and you know, I know if I'm gonna post so I'm gonna take dude. I don't post that I feel like fucking idiot if I post that Say that's a egg back, baby So trev I'll bet you you've noticed that whenever somebody not you necessarily Whenever somebody posts and they don't see the reason One of us jumps in and says why you can't just eat and not explain. That's one of the rules, right? so like we're not We're not aimed to embarrass you, but we're aimed to figure out what's wrong. So we could give you constructive advice Bro, you're deviating. Just say make trying to make that bag back Harry trying to make Trying to get that bag boy You guys are super good though with james steven and harry you guys have all I think it's awesome how active you guys are in there I don't think Sometimes I just either forget or like yesterday like I wasn't around so like I couldn't be like, you know, watching my buddy's grandmother get buried, you know texting on the discipline workshop like Yes Once the once the dumb fairy gets poured then it's over then you're then you're Then we don't know if I'm making the podcast morning But another thing I'd love to encourage is anybody participating You guys are also free to to you know thread Any helpful advice you've got it shouldn't just be like the mods, you know, I mean, I mean we're there. We're there all the time helping but like All of us have good advice and the channel is not for mods only to give advice I mean, I need help sometimes, you know, it's not just like I'm the only guy with the answers, you know So whenever people see somebody struggling and you've been down that road, feel free to like, you know thread Something constructive and helpful Yeah, and also like maybe someone's looking to try and like Become a junior mod or something like that, you know, that's a great way to do it And even with some of the junior mods we have already that's a great idea for them to pop in and go in there as well You know, there's a lot of junior mods that we have that just you know, they don't really know what to do What to say how to act because you know, you're like a junior mod now So like that could be a good way for the junior mods and also people looking to become like a junior mod to kind of get active in their post and you know message with steven and Uh, yeah, that's like a great way to to get active, right? Great, and you know, and you know, I think it's we should start kind of wrapping this up But you know, if anyone really is interested, you know, feel free to DM all of us anyone in this podcast right now I'm sure they wouldn't mind just if you have questions about the chat Um, and you know, I think I think a lot of the people there's a lot of members in m.i.c And I know there's not a hundred percent profitable traders, right? So the guys that are still struggling a little bit Reach out. What's the worst it's going to do right come experience it See what it's like to have a really good tab group and like a 500 person tab group and then you know And just see what see where it takes your career. I think you guys will find some great great Joy in kind of doing it too. It's a lot of fun Great. Awesome. Oh, yeah, I think we'll wrap it up here and thanks everyone for Uh coming out and uh, you know, I appreciate it. So thanks guys. Cool. Yeah, thanks guys. Thank you. See you in the workshop here