 And we can do kind of like a Q&A for the guys on YouTube, for the guys in chat. Who wants to come on? Let's see, I don't think Bao's here. So what we can do, Joe, you wanna come on? You available? Chipotle not accepting Bitcoin. They're giving away 100K of Bitcoin. Get the fuck out of here. Who's here? Who's here? Joe, you here? Someone get Bao in here. Where's Bao at? Someone go tell Bao to come in here. I need a partner. What do you guys wanna talk about, man? Post some topics of conversation, guys and we're gonna get your questions answered. Post your topics of conversation, ask on YouTube. We'll see. And we can definitely get some questions answered. We can go over some details. We can go over whatever you guys wanna talk about today. I wanna be here for you guys to just make sure that you are up to speed, market conditions, what's going on, things like that. Actually, I can go through each ticker as well if you guys want. Let me, yeah, let's do a little bit of that. Maybe Bao will come in later. So, guys, what do I talk about every single day? I talk about this literally every single day. It's actually mind-blowingly simple. The thing about trading is, look, trading is not an easy career because, and I'm just gonna rant on a couple things for a sec, is it gets you guys head right or maybe give you some different perspectives. Trading is a job whether no matter how good you're doing, whether you're doing poorly, whether you're doing really good, you're always kind of on a little bit of adrenaline. It's a high when it's high and it's a fucking low when it's low. We've all been through all of it, right? And the feelings associated can sometimes be very whipsaw, but the thing I wanna say is, even if you're on a two-month green streak and every single day is green, you're still on a level of adrenaline, right? So it's stressful, right? Like there's a level of stress that's always gonna be associated with risking money on the line, but the thing that I wanna put out there for new traders or people who are looking to get consistent is keep it as simple as you can. This is something I talk about a lot, right? So the whole general kind of process at MIC is not doing the things that don't work and maximizing and capitalizing on the things that do. So when something like CLRO today, guys, just for our literally guys that don't even know anything about price action, when it comes to VWOP, one of the first things you're gonna know about VWOP is it's a sentiment. It's a sentiment indicator. It's the only indicator we use because of how powerful it is and institutional money can be around it and big money and it's the average price that people are willing to buy it or hold their position. So the thing about VWOP right here, guys, is you have to understand is when something by the open, right? So let's take a look at this. When something by the open is trading, it's far from its highs. Like that's like one of the first things that you wanna pay attention to, right? So like, where's this arrow? Dude, that's a high. Like that's a top, right? I'm gonna make this very clear for you guys. Where is it opening? How far away from all the rest is that, right? So what you notice is, is because these are bag holders, because these are people underwater, these are longs. So I'm gonna make it like even as literally as clear as possible for you guys as I can. By the open, everybody from here to here on the long side that bought today is underwater. What does that mean? They're down on their position. They wanna get out even or they wanna get out for profit. All of these guys, this, look at this FOMO right here. These wicks are just pure panic. These are, wow, what's up, man? Okay, we got the man. Let me bring, let me bring on that, guys. One sec. All right. Now I think you're already, I can't see you. One sec. You under modern rock? Oh, he's gotta probably click the link. Let's see, I'll go back up. One sec, guys, let's get down on one sec. Me, someone have the link at the ready real quick? I think it's up here somewhere, but who got the link? Send it over if you guys got it. I think I may even have it. Yep, there we go. Cool. All right, let me get them on. There we go, there's modern rock. A lot of talk, one second. Hey, do you hear me? What's up, dude? Yeah, of course. I was fucking channel trading all this stuff. I figured you were. I was like, oh shit, I was like, dude, the minute we got to the recording, I was like, someone give bow in here, man. Oh my God, dude, I lost track of time. Dude, how'd you do? What do you want me to main chat? You'll see what I did. Oh my God, this is some sick charts, guys. Let's see what you did, brother. Let's see what you did. No, I forgot to see what you did. Well, for the past two days, I spotted this algo that we just kind of killed it on the channel trading all day long. What were you hitting, Val? You were just hitting VTSI. Well, Wafoo, I keep calling it Wagyu. Baby Wagyu every time. Oh, that's right. This was the one Alex actually had a lot of trouble on last Friday. W-A-F-U, W-A-F-U. Yep, yep, here we are, and here's today. So here's today. Look at my chart. Let me post it again, dude. Here, I'll go to the webinars. Yeah, post that stuff. Let's talk about it. So let's, here, I'll post it right now. Can you guys see this? Cool. Cool, man. So, wow, dude, you're all over this thing. You didn't give it a break, dude. Dude, I was like a fucking whip like a man. So, Val, what'd you find out with the algo, man? Is that something you want to share? Yep. So, Joe Kelly talked about this yesterday in the webinar, which you guys should have all attended, even I attended it. He talked about pattern recognition. So all trading is, guys, is pattern recognition. All these setups, all these things is pattern recognition. The earlier you can spot the pattern, the more insecure you are. So the moment I spot this algo, I mean, I'm just calling it an algo. It could be anything, guys. I mean, don't look for these phantom Chinese algo things that people talk about. It may or may not exist, but the point is there is a pattern to every single stock, guys. Some stocks is more obvious than others. So the pattern would be wait for the top to set, wait for the broken, that's a pattern, right? For your pattern is a death candle, right? That's one of my favorites, absolutely. Correct. So whatever it may be, the moment you spot a pattern, take advantage of it. So I talked about this before. There's many ways to trade to make money. There's many different strategies to make money. My advice is the first thing you do when you start out trading is to pick one strategy and become very good at it, become very consistent at it. That becomes your bread and butter, right? If you are a short seller, low hanging fruit is the best, in my opinion, the best strategy. If you are a long buyer trader, the first bounce, finding stocks that shorts are upside down, stuck using VWOP, you can tell who's stuck or not, and then you only long those type of stocks, right? That give you the advantage. So once you learn your bread and butter strategy, you can now branch out and learn new things. My advice is to learn new things, guys. Don't just be a one-trick pony, because if that thing ends, you're dead, and you're sitting around most of the day doing nothing, right? So you utilize your time wisely, but first of all, becoming very proficient at one strategy, because that becomes your bread and butter, and then you can now start to pay for trade and learn new strategies. So one of the strategies that I've been teaching the members is channel trading. So in the morning, we talk about all the time, hitting the lines, you know, broken stocks and all that, but during the midday, volume slows down. The algos are more apparent. So algos doesn't, if there's like millions of volumes of shares, it's very hard to manipulate that stock, right? Because it's natural volume. I call it organic volume. During the midday, it becomes, hold on, let me please, let me please some of these words. You're crazy, man. You're absolutely crazy. Oh, fun. That was funny, a new algo as we speak. So during the midday, what happens is volume slows down, so it becomes not organic anymore. When volume slows down, I call it, everything's an algo, guys. Everything's electronic, right? So when I talk about algo, I'm just talking about electronic trading, which is basically the system that the stock market runs on, right? So what happens is this, the volume slows down, they now can manipulate, meaning they see your orders already. They're trying to match orders, right? All the algos are doing is just matching orders, right? Matching a buyer and a seller. But if they see that there's an imbalance, more volume, more supply and demand, et cetera, et cetera, right? They can start to manipulate that stock up or down, depending on your order. So they can work, they're basically working against you. So there's different strategies that you do. So one strategy that we're talking about is channel trading. Channel trading is basically, we see it trapped going up and down within a channel. So what do you do when that happens? For me, I've been doing this a long time, so I'm starting to take advantage of that channel. It's bouncing off the walls, right? From the ceiling to the floor, back and forth, back and forth. So what I do is all I do is I figure out what the floor and the ceiling is. It's all lines. Figure out what the bottom line is, the outer line is, and then you basically trade off of those two outer lines. Avoid the middle lines. That becomes noise. And so these algos are running these things extreme. Breakout traders are losing money because they're like, oh, it's gonna break out, boom. And then it stuffs it, it goes down. So all trading is basically pattern recognition, guys. And what happens is this breakout trading used to work back in the day, it doesn't work anymore. It could work again tomorrow, who knows? But the point is, you basically have to adapt your game to whatever the situation is. So if everybody's going long on a particular NFT stock or a crypto stock, that is the pattern. Do not fucking fight that pattern. So right now I see a pattern where they are jamming stocks all the way up to the outer line and then stuffing it all the way back down to the outer line on the other side, on the bottom side. And so that's what I've been teaching these guys. So VTSI was the yesterday stock. Today's stock that they're doing is WAFU. And if you take a look, I called it right there. I said $16, this is the line. This is exactly as VTSI the other day. So I mean, you don't have to talk about all this VTSI but the point being is this. You start to learn that how this works, right? And all works from line to line, guys. It's just which line do you use, you know? For a low hanging fruit, it's very difficult for a low hanging fruit to work its way back to the outer line of yesterday. So I tend to be more aggressive on the low hanging fruit because it's a dead stock, right? I just wanted to bounce enough so that I get some meat on the bone. So during the zombie hour, volume dies down and these stocks are still over VWAP. That means that they are, shorts are still stuck. So as long as shorts are still stuck, you have to be careful. And these are usually low floaters. They're low float, that's how they can manipulate. Someone owns a chunk of this, that's called locking up the float. Someone locked up the float, right? And so that's what we've been doing over in a main chat the past two days, educating on a new strategy that right now has been working which is the channel training. And so you take a look at my trade. It looks all over the place but as long as the red arrows are way above the creep I'm making money, right? Exactly. That's what we're doing. And then eventually it'll break down and exactly what I said and do same thing as VTSI it tanked back down at 230. So right now we're at 230. Well, about what you said earlier is like the thing that I love and I was talking about this in the beginning of this webinar when I was kind of just ranting in the beginning before we actually started is like this is the key to trading guys. Like you have to find one setup that works before you branch out to everything. So you know, new guys that come in, man the key to the key to every kind of master you're getting good at anything is specifically choosing one and finding your comfort level in it and being like, wow, you know what? I tried all these out on a simulator for two weeks and guess what? I really line up with low hanging fruit. It just makes sense. My comfort levels aligned maybe my trading account size aligns maybe the option side whatever the party that you like and you resonate with then you just sharpen your tool and you get so good at then you can branch out to the first resistance then you can branch out to the deadline and that's what Bao is doing. So every single day obviously he's incorporated all of these into his play style or the repertoire of trading but the key is he's focusing on what he's good at and Bao is really good at seeing these kind of patterns and these channel trades while that might not be my greatest strength or that might not be Alex's because we incorporate the first hour and then we cut off by 1030 but the point is like you've got to go with what you're good at and then maximize it and then just sharpen the tool and that's what Bao is showing right here. Like he's so good about finding these outer lines and levels that coincides with a previous resistance or a channel and then he maximizes on and if you notice like Bao if a brand new trader tried to copy you he would probably stop out over and over again because he doesn't know that above VWAP there's a certain size you use if you're doing front side shorts it requires front side covers he doesn't realize that there's a real give and take to price action and based on what side of trend you're on, right? Correct. And it all originates from knowing how to draw the proper lines guys. Everything originates around support and the resistance and pivot lines. Yeah, so really quick guys let me actually show you this because I get a lot of PMs on this weekly. Again, when it comes to lines you know how do I draw my lines? We have setting up lines within the video library list we have every kind of category you can imagine guys like anything you need to find is right here. You literally write line setup like look at this search and then here's how to do it. Here's my thing this is what I was talking about this is me and Joe put this together it's like a 40 minute video on how to even use TD Ameritrade which I use for charting and then going further into it it's how to set you know pivot points how to do pivot points on DOS like there's no excuse man I'm telling you guys any resource that you guys need is here. Guys that's a huge thing before Joe Kelly and figured this all out about pivot lines on DOS and TOS no one used pivot lines. I was paying $500, $600 every month for right now an obsolete trading charting program that only had the pivots, right? Because no one had it no one figured out how to put it on there. So just by joining MIC guys I mean you guys got something that no one fucking has man you're putting on pivot lines on DOS on TOS that dude these are our cake indicators but these are cake indicators it's been around for ever. That's what the guys on the trading floor are using they're not just fucking using this new shit I'm not gonna bash these guys they're writing these indicators but those indicators are bullshit. Yeah exactly. No one, the indicator is basically a self fulfilling prophecy. If enough people use the same indicator it will self prophesize right and that's what the pivot lines are coming from they're coming from the floor traders the original guys on the fucking floor of the New York Stock Exchange things like that and so they're using those and so those are the guys that are fucking trading the ginormous shares right and so it's a self fulfilling prophecy. Well and like for anybody who's wondering what's an indicator versus actually something that's kind of not really an indicator it's really just a hybrid of price action like VWOP and pivot points guys are not really indicators sure you can group them in that category by name, a loan and title but an indicator is like okay I gotta set up on the SMA matches with the itchimoku cloud these are things that once it happens it's too late, you can't get in the moves already happen you can see VWOP right where it is real time or you know Bows pivot points so this is something on low hanging fruit we put on these are the pivot points right here you know the R1, R2, R3 and this is how to incorporate them on TD Ameritrade so like the lines are already there you know what I mean like it's not too late that's the whole thing that we're getting at is we want you guys to actually learn how to trade and not rely on things that are it's past tense TOS or Thinkorswim or Ameritrade those are free guys you guys don't have to put any money you might have to put in maybe like 25 bucks to open a account I know a trader and believe me you know him cause it's kind of a funny story dude he originally opened an account with like $500 and then like for years he kept one cent in there to not close his account he kept one cent and uses this for charting seriously man that's what you should do so the guys that don't have this guys you open up a TOS account I had one but fuck I lost my password you're kidding yeah so I mean this is basically I was kind of pissed off when people figured out how to use it but I was like well since I launched MIC I might as well share the secret so now the whole world knows this guys the whole entire world knows how to fucking use pivots and stuff but before MIC no one even knew what the pivot was unless you trade on large caps I mean if you trade on large caps the pivots work great on large caps that's what the four traders use but I'm coming from a small cap world guys where people are just hacking shit around right so dude these are the pivot points on big caps man they work as well if not just as good or even better Joe talks about this a lot so what he took was what Bow has been doing for decades and teaches in small caps he incorporated in how to kind of teach you guys and utilize an options in big caps and I'm telling you man they almost work better there so whatever industry or whatever niche you guys are in within trading it's gonna work for you we highly recommend them you guys have any questions that's what we do at MIC guys so I mean I actually sit here all day educate these are real time I mean the guy if you guys are at MIC and not watching this main chat guys you're missing out man for the past two days I've been live trading essentially I've been commenting on every move so that you can see what the moves look like and hold on a second it's not even my TV guy hold on it's the Grubhub hold on so as you guys can see man look at all these charts look at all this commentary look at all this price action Bell's posting his fills he's posting his scans you can see them right here every single this is every single day in chat so we're making sure you guys are taking care of be showing you guys the lines this is how he traded YBR today so you guys can see what he was doing he gets more so like let me just kind of say it like this if you guys are fighting trend or you find yourselves new to trading and you're doing counterintuitive actions within your trading so shorting front side these are the things that we teach you because when you're shorting front side there's actually rules and stipulations involved with size that you need to incorporate in your game like 30% over VWAP is all that we incorporate within the realm of shorting in regards to risk management now when a stock breaks or it's trading your way under VWAP you can be more patient you can be more aggressive on your size you can have a hard stop a little farther away but when it comes to things like this and knowing the reversal hour knowing zombie hour if you guys don't know time-based trading it's really gonna work against you because these are things that keep you safe it took us many years it took about two decades to realize that dude the first hour is when the shorts have the edge and that's it dude until reversal hour like that's it but if you can wrap up by the first hour as a short now the reason why Bow was trading all day is because he's educating members on what to do and a lot of these are longs like not necessarily today but Bow was always hitting the first bounce with VWAP reclaims he's showing you guys two sides of the equation like a tennis front end and back end does that make sense? but look at all this commentary I mean if you go through this whether you have the MIC archive or you wanna just go back through because hey I'm an MIC member I have access to the material I'm gonna go back through and reread and reread and reread or go through the watchlist section every single day you guys are gonna understand trading I mean two days in MIC you guys are gonna see what we do whether it's ETB, SSR, locate sources why we don't hit the hot chick why we focus on the side chick plays which are the more broken down under VWAP why we respect price action if other chat rooms can learn from us you guys I mean dude they're in our chat room they're probably here hey what's up guys I'm literally counting down the days and the minutes Bow until you know one of those chat rooms literally says Alex's main tagline size of the best scalp for rest yep yep they're probably going on meetups they're probably in the sounds like boot camp where we guys seriously plastic surgery man they're coming but do you guys have any questions for us man this is your chance to get all your questions answered Bow and I are here what do you guys want to talk about seriously now you're sick of that dude you got phone calls you're giving a webinar and you're still killing YVR finally I got someone to come and hang up my 85 incher bro my TV that is what's her name my TV that is yeah sure oh man that's funny oh man mind you the little iPhone like an SE or a Pro Max like a f***ing Model 3 bro that's hysterical let's see how can you tell if support and resistance will hold or break Bow I know you love that one that's like one of your favorite questions how many times does it hold or break you really don't f***ing know bro until it does to be honest with you you basically wait to see if it gets supported and rejects a couple of times that's how you know because what happens is this dude let's say four dollars and 30 cents is a as a support line is not going to bounce right off four dollars and 30 cents there's always going to be once I call the fudge factor right it's going to go 427 go to 425 whatever it may be and then bounce up and down right so you have to account for that if you're too rigid and setting your stops exactly 429 they will hunt for that for you they don't really hunt for you guys so that's the best know more so let's let me let me explain to you how it works okay people keep this is a bullshit lie that hold on let me let me let me get his covers in I mean I can remember the tradition of this is why I do what I do bro dude what is my the tradition is you know I'm going to live trade during this and then I'm still waiting I'm still waiting for my 10% for the last two years of these webinars if you send me that 10% I'll be able to get like a third house you wouldn't have to work anymore bro yes yeah I don't think anyone would all right let me put some fucking I do accept cash out by the way about put some faster words out here okay um so I was getting back to this so I'm going to give you a little secret on stops okay um all these bullsh all these guys don't know what the fuck they're doing they tell you not to use hard stops because market makers are looking for your hard stops are trying to stop you out play games they'll go fuck bro about your thousand shares don't go fuck like 200 shares to be honest right no one's hunting for you what they're doing is they know where the support lines are what they do is they trigger the stops of the support line so whoever is part of their herd gets triggered and it's usually these guys are don't know what they're doing they're small accounts and they go oh my god they're hunting for me trust me don't go fuck about your 200 bucks all right and so what happens is this you form really bad habits when you start out when you're learning from what I call a fool a fake guru these guys don't know what the fuck they're doing right so when you form you form bad habits like like I used to I didn't have a mentor I was told the same lie because they no one knew I was told hard stops are bad don't use hard stops they're hunting for me I'm like holy shit these guys are looking into my account this is why I'm losing I'm losing my money because these guys are spying on me right and then little I know that I was part of the herd and so I created a very bad habit for myself by not using hard stops in the beginning I didn't use hard stops for like 10 years because I'm like dude they're hunting for me right and so becomes a bad habit so when you start out guys be very careful about bad habits and I'm telling you right now use hard stops use hard stops no one's hunting for you you have to learn how to place the hard stops if you so Joe Kelly talked about this last night in the webinar guys if you missed it it's it's uploaded to the member of video library go watch it every Tuesday night go watch Joe I'm plugging Joe tomorrow is Thursday Aloha webinar 7 p.m. you go watch it man but Joe talked about this in death on where to place your stops okay you do not want to be part of the herd so what happens you have to use the flush factor figure out the wicks of the camel so I what I do is this this is my trick I look at the previous time it broke that support what was the low from the low low when it broke because what happens is this when it breaks it snaps really quick it's way too fast for you to do manual okay if it goes so you set your stop at the right place take a look at the low from the previous snap was to place your stop and placing your stop I call it line to line meaning what is the next line below if the next line below is very close I would wait for the next line if the next line below is far away I would stop out that's how I determine whether or not I stop out or not what is the next line and we have videos we have videos on this guys we have videos on how to properly take a stop loss hence guys why we also came up with the term line to line if it hits look so really quick out you know now I wanted to plug this real quick because Alex was so spot on with clro from the watch this in the morning like he is every single day but let's take a look at this for a second looking for a morning pop towards four to four fifty in the morning let's draw the line so when you're looking in the open guys remember what I always say if it's trading way under VWOP your resistance is at VWOP or a whole dollar number right so you can incorporate that because that's really close up to like the next top so probably around that area four forty dude and then zoom out like look what happened in the morning so bow when these members are wondering you know when for veteran traders like us like how do you trust the lines like do you wait for it to hit do you just set a fantasy order there like I'm gonna almost ask the question for them what would you say the answer is fantasy order because it's way too fucking fast guys finger what what I do is I so what happens is I don't place all my orders out so depending your size right so I'm I trade a little more size than normal people so so I don't place everything else I place the starter positions and then when they hit is my alert to look to add or not basically becomes the confirmation or not right guys so I have so what happens is people look at my charts the whole bow is adding to loser what is he doing he's scaling scaling is not adding to a loser if I pre-plan it so let's say about thousand shares only used I can either use one thousand shares at one spot one bullet and it breaks up oh well you know so what I do is there's a target area a target average I want so I do my math I split out that one thousand shares and so let's say three bullets or two bullets up to you right three bullets and so I do a starter position and then that's the fudge factor the fudge factor is the extra two bullets and a trick that I like to tell people start one line after you you would normally start that way that one line makes a huge difference man between you stopping out or not well because bow it's like what you said the whole fudge factor is me shorting from four to four forty I don't know if this is going to go to three ninety seven or it's going to go to four thirty but this is where I'm willing to scale this is where you're willing to break up the orders this is what bow's talking about guys so look we don't know if it's just going to fail the line or not but this is your best look dude if we knew that we'd all own private fucking islands right here you see that the stock is trading way under VWOC it's got tons of overhead it's opening way far from its highs that's your first starter area and then it yes it could go higher but when you pre-plan this and you see a red entry over another red entry it's not adding to a loser it's all pre-planned I'm willing to scale within four dollars to maybe 450 at the most because it's a whole and a half dollar and that should be a really big resistance point as well as you guys can see it aligns with the previous tops that's your plan of attack if it breaks you have a hard stop you're protected forever does that make sense all right so I'm gonna post I'm gonna show an example of oh PRP it's a nice one yeah yeah so here's I remembered it let me try to zoom in so that you can see because I don't really know okay you can see this I don't really know where it's gonna go my goal is to short this around VWOC which is the yellow line and so notice the first time I hit it never hit VWOC yep right both times it never hit VWOC but I'm scaling I'm not full-size yet dude I'm kind of pissed off because it should have went over VWOC a little bit for me to get a more size that was mad that he's not down a lot more than he was before he was right welcome to trading so what I did was if you take a look at that man I was really not really down much I was I was spraying my orders around the VWOC line I have some under I have some over so when you see that oh did you post it in that chart? it's basically me splitting out the orders I really want the size I want into partials guys we never know 100% how price action is going to be or where a stock is going to go but this is how you learn lines this is how you learn price action know that has a really good chance at least failing here or giving you a quick wash and the thing about nail and bail the thing that we teach at MIC is guys you don't need to catch it at 9.20 and cover it freaking 6.60 or long if freaking 6 and sell at 9 it's not about that it's about the nail and bail the expected move I call these every single day I say there's a certain time frame they're called gimmies or quote-unquote layups in which case the expected move of price action is right here and this is exactly what bow capitalized on and then he covered notice his covers he's not looking to ride this all freaking day he's willing to get paid and then paid over again and then wait for outer lines again when it tests but the first thing man I covered let's say PRPH sure it went down more man who cares but I mean I was waiting for it to pop back up but you know what man I made that plan and I stuck with that plan now the last thing you need to do is change your plan on the fly because what happens is you made your plan before you got into the stock I made this plan was clear-headed that's why I make money every day not gonna work down fuck I just jinxed myself I make money is because I make my plan before the stock even gets there I am so clear-minded that I could they say I'm gonna get here if I filled here I'm gonna exit here for both a loss or a win so so I'm clear-headed so the problem with traders is this they make plans on the fly and they're emotionally attached to that stock because they're in that stock how the fuck can you make a proper plan if you're in that stock you are very biased if you're already in that stock just like when you're in a relationship block dude you should not the vice is should be from a someone that is not in a relationship right not when you're in a relationship you're all fucked up so that's seriously is a relationship with the stock so so my whole plan was okay I'm gonna get my quick way because it's so damn fast dude it's only the first 15 minutes of the day I'm already up a ton of money not gonna win but uh and so I'm like dude I'm gonna be greedy I'm gonna take because I make this plan because a lot of times man this shit will reverse on you and V-WAP reclaiming you're fucking dead and you're like I should have covered I should have covered so so make the plan before it gets there this is the difference between a successful trader and a new trader a new trader makes a plan after the fact after it hits a certain point that he and it's too late and so that's why they chase they chase because like oh my god I was right I was right why was I such scared why was I into chicken why was I just I don't want to say the P word why was I such a to enter the stock and so that's what you lose okay you make the fucking plan put the fucking order in the worst thing is gonna happen is what you lose you put the hard stop in Cy if you if you are still scared means you're sizing too big guys size accordingly I call that pre-defining your risk you pre-define how much you want to risk do the math well and I and I hate to say it though because like I'll be the I'll be the hard cop in this scenario it's like dude you're if you're scared to get in guys can end you do know price action you do know what you're doing either one your size too big or sometimes dude and I tell myself this sometimes stop being a little bitch get in set a hard stop 30 okay I lost track of time I canceled all my fucking orders right now I could have gotten trapped don't keep the clock up guys if you're like me scatter brain all over put a clock on your desktop put alarm that goes off a zombie hour put in the alarm that goes off at reversal hour put in the alarm that goes off at 3 p.m things like that yeah it's just gonna help you guys truly it's really I get all my lowcase in the morning because that's where oh I get all my locates in the morning but the new ones I get on the flight obviously because a lot of the new stocks come up I don't know I get what I want to trade in the morning and that's it and then throughout the day if there's new stocks then I get new stocks bow do you go for all your locates or oh okay you just answered that never mind just saw it yep yeah dude as soon as your eyes wake up you need to be getting locates you need to be reserving all you can of whatever you think you're gonna hit now or in the future before they run out and you know I mean obviously just get within what you're gonna play around I know guys that are like dude I reserve 4,000 shares every single day but I'm only using 300 I've got well now you're just wasting money man because you know you're not gonna lose use 4,000 like that's a little that's a little too much right then you're actually taking from a pool of people that might use it and sometimes it's good to take no less or appropriate because then you can't keep out into a loser correct I my problem is that I take a certain amount because if I have like what if I'm wrong so it's kind of fucking dangerous right and so I so on low flows on things that I know I can potentially kill myself I purposely take less size on locates so that I cannot keep adding to a loser there's a fine line between showing up to trade every day and expecting a paycheck and also that mindset of oh shit I could lose though so that's the thing man I mean I would I see a 1 million float like Wafu I'm like fuck that was like all right just give me 2,000 shares but give me 40,000 shares of YVR on the back end yep no on the back end I was like give me 200,000 dude the point is you guys got to get comfortable with locates you got to get comfortable with setup you got to get comfortable with one niche and stop trying to trade everything in two biggest size size down give yourself wider stops and imagine come to the markets every day there's a saying man I hate the saying but it works you got to be in it to win it guys just show up have the the hardest part for me now I'm not joking just showing up for work man either I'm drunk hungover or I just don't want to fucking show up because I'm too fucking tired or just because trading after a while is boring guys I talk about this all the time systematic trading like the way we do the same process the same it's just man after a while it's boring as hell I was so I was having so much fun today guys you know why because I'm fucking channel training this Wafu shit and it's fucking scary as fuck and so I'm like this is fucking fun I'm feeling my fucking nerves because it's like fuck dude this thing can fuck me right because channel training is fucking like dude you have to fucking trust your lines because that shit is blasting through up and down and so I'm having fun but what I did was I know that I'm having fun that means I'm doing something I shouldn't be fucking doing this it's dangerous because it's fucking give me adrenaline dude and this is what happens when this is what happens with traders they they love the adrenaline rush making money is boring make battling for money fucking fighting tooth and nail to pull out five dollars is exciting God don't take the easy 100 battle if you like kill the dragon correct it's more that's why you see these that's why you see these guys on twitter I'm down a million dollars god damn the best trader I fucking put in all my counting to fucking just break you yes their bank rolls are empty but they feel like they got the biggest dick in the room because they're swinging such big you know that's what it is so so when when so that's another chip on the psychology side when you feel like you haven't fucking too much excitement you do something wrong bro size down my whole point is it's not the money for me anymore it's the excitement of learning something new just doing something different and so I made money fortunately knock on wood but that's because I size down on w a f u I size down I'm able to have fun but at the same time learn and make money if I'm size too big I'm a fucking nervous wreck and this thing wrecked me and that's what it did wrecked a lot of people on the way up and now wrecked a lot of logs on the way down dude I'm telling you man it's about how like when it comes to trading dude how simple is it really it's so simple it's it's not easy it's never easy because like you said dude like you're battling wall food and your emotions I'm gonna pull up this tweet man dude it's so simple like it's buying them that's that's that's why guys I'm fucking bored of shit okay hold on because how simple it is literally so I call it trading as a reflex guys you do it after a while that's why I want you guys to show up every day and so we have a lot of guys that are now just fucking this it's like they know there's a back in their hand right um basically you basically keep doing it over over become it becomes a reflex so that you get me doing your sleeve while you drunk and that's why that's why when I drunk I don't even think man I'm just fucking acting on instinct check this out but I actually have something to say about that about success so I saw I saw him an interview with Jesse Itzler the billionaire and someone asked him they said how did you get to the point where you did and he goes was it discipline he goes fuck the word discipline he goes in the beginning discipline is what you have but discipline eventually gets so reactionary once you build it it actually screw the word discipline it goes into lifestyle it becomes your life like you're saying it becomes such a reflex it's actually just lifestyle now and that's how trading is guys you think he's over the counter every day like looking at notes and being like okay I need to be the most disciplined trader no it's so ingrained from doing the good habits over the years couple bad habits but doing mostly good habits that he expects to paycheck because now it's just his right reflex it's his lifestyle that's exactly what you nailed it bro it's instinct it's instinct yeah so this is why bad habits are so bad bad habits become your instinct bingo an example is revenge trading if you were taught to fucking keep adding until you win your instinct when you lose should be to fucking exit that trade right when you're down on stock your instinct should be get the fuck out yep but the bad instinct the bad habits let's add let's add because you know why I got out of that loser position yesterday but keep adding so what happens is this you if you break a rule and you get away with it it forms bad habits in your head and when you break a rule and get away with it you usually win the minimum when you break a rule and you lose you usually fucking go broke right you lose a maximum guys so create good habits even though it hurts so notice my stops have been very good lately knock on wood because I've been consciously consciously work on it every fucking day you don't think I fucking hate taking a loss even if it's a hundred dollars you're like why the fuck would I take a hundred dollars when I have a when I could keep adding and I and I'm like do the moment I take the loss guys it goes to my favorite all the time I'm like fuck fuck fuck right it goes to my favorite but I'm like that one time the one time out 10 that I do not take that loss I would blow up nine out 10 times sure I'll save a hundred bucks 200 bucks whoopie do that one time that do not take that loss I'm fucking down tens of thousands of dollars the s-class is now repo like dude and I'm telling you this is that is why traders blow up traders blow up is because they got away with breaking rules bad habits adding to losers and getting rewarded for bad habits and tell that one time that they're going oh fuck that's why you see these guys making very little gains 200 bucks a day 200 bucks a day 2,000 a day 2,000 a day and then boom 20,000 all lost first management guys hard stops and nobody is hunting for you and if they are hunting for you they don't give a shit about a hundred shares they lie guys this is a life this is a this is a life changer for every trader I didn't even know about this guys this otherwise I would never have fucking boned them max daily loss set a broker level if you just put in your 10,000 dollar loss 5,000 2,000 your sweat you're not gonna lose 100,000 dollars then you can sleep it these guys are losing 100,000 dollars to blow up their entire accounts they don't have this fence because they can't help themselves they keep adding in and what happens is this this is I've been there man I've been there so many times because what happens when you start losing you're like I don't give a fuck anymore what do you have to lose you know so let's say you let's say you have a 30,000 dollar count and then now you you lose you know you have a 30,000 dollar count okay and you're like close to battered day trader break right you lose 2,000 you're like fuck fuck I don't lose 2,000 a lot of money and then you let it slip and you're all fuck now you're under pattern day trader you're like fuck it I'm under right let it ride and then as you know you're down fucking half your account and you're like oh fuck man I should have stopped when I was just down 5,000 because I could put a 5,000 back in now I'm down 15,000 and then so you're like fuck it man I'm already down all my money right let's just fucking ride then you down to zero you're like holy fuck I just lost another 15,000 dollars unnecessarily you know so and then you look back and you're like I should just fucking taking my fucking thousand dollar loss so this is where the max they lost on the broker level helps you it will help you you tell them auto liquidate your fucking ass because you're because you have no discipline you are not to be trusted with your own fucking account okay this is you wearing a seat belt a seat belt how often do you crash your car hardly ever but when you crash your car if you don't have a fucking seat belt you might die dude dude more dude more yep so so set at the broker level guys okay set at the broker level that way even if you fucking get lazy you don't do your hard stop which I recommend you do hard stop if you don't do hard stop at least that that is basically your safety net and if you guys find yourself saying let it ride that's probably the last thing you want to be telling yourself yeah man because at some point I see these guys on the Twitter oh I'm like fuck man fuck my life I'm losing I'm like oh fuck okay man you lost you lost lifetimes lifetime membership at MIC you refuse to join MIC to learn but you rather to all your fucking money way and then when they lose bow I fucking lost man can you can you give me a discount can you give me a discount yeah it's okay yeah yeah oh man the entitlement is crazy bro it's it's just crazy you guys gotta you guys gotta protect yourself and your accounts and don't be the guy who didn't check himself before he wrecked himself man seriously so use cobra that's what we recommend guys they they you know if you're using stuff like the deli whatever I'm sorry man you know is you good luck on that yeah and less time to use a professional trading broker don't be using those freebie ones guys yeah guys unless you're buying the S&P 500 you know index fund and that's all you care to do and you're not day trading you got it you need a professional broker you need something like Cobra and you know I talk about this many times I'll say it one last time between the money you're gonna save in commissions just prove to them that you're an MIC member 25% the money that you're gonna save on charting or um scanners because we have a watch list which cuts out 80% of that immediately and then Bows posted them in the main trading chat guys he's posting his scans like every two or three hours when it's relevant and when you need to know what's going on but everything that you need that I posted dude yeah and if you ask Bow we'll post it everything that you guys need dude we have a whole team in MIC I mean literally you guys look at this look at this you have where's our team look at all these people that are designed to help you I barely look at my scanner I barely look at my scanner after the open because you know what man I'm looking for a scanner because I'm looking for a trade I shouldn't be doing that I should be pre-planning all that stuff there's no reason for me to be looking at a fucking scanner midday because otherwise the reason I'm looking at midday the scanner because I'm bored as hell I'm looking for a trade and if you're looking for a trade you're gonna find one and usually not the one you want right and then when you have Alex's watch list why do you even need a morning scanner right Bow it's like it's all right here dude it's all taking care of you every single day before you even enter chat because thank God Alex is on east coast time or me and Bow would kill ourselves it's just like the bars man you go to the club you're like yeah I'm gonna look for hot chick and then last call oh fuck let's pull up the scanner let me see I'm gonna get into that move oh that shit fucking moved right there bro that has got to be the funniest analogy I've heard in like a year everybody knows that when you're busting out the the freaking scanner on last call dude you are going home with something you should not be going home that is a fucking max daily loss my friend before you even enter the trade that's why you have a tab your tabs should be fucking going with you to the club and tell you yo bro let's get the fuck out and don't get the wrong tab that is actually hurting more than helping and is the one that that said yeah bro it's last call let's do this oh man that was too funny man you guys have any questions for us any questions dude that was so funny I can't get over how fucking perfect of an analogy that was that would have been the best analogy I've heard in over a year someone quote that please and we can tweet it and we can tweet that is the funniest tweet of the year that's true man you pulled out a scanner a bit dead just like closing our and like you know the bars I always play that song like closing time that's when everyone panics the light comes on you're panicking it's a land rush at that moment better get what you can get especially man I'm the landmine that these girls are looking for I'm right here man we think we're that fucking hot chick no dude I am the fucking side one man I'm the easy to locate guy easy to blow where's HR when you need him I guess it's I guess the late night scanner like tinder right yeah a reversal hour scanner is like tinder at 2 a.m oh shit here's a whole meeting to stop call to the hot chick yep anyway that's bad guys closing questions for some closing time put your last scanner on who's got some questions who's got some questions we got a couple minutes left guys for you lights come on and the cockroaches Joe should come on and talk about his story come on Joe Joe what do you got for us what do you got for us until you guys answer questions we're gonna get Joe on and tell some stories do it Joe do it yo what up yes tell us something bro what you got yo so I think I've told this story before I don't know about it but so closing time there was this radio station here in Dallas one oh two on the edge and about four or five years ago they went out of business and they they shut down but for the last day that they were on the air all they did was replay closing time like 242 times oh my gosh trolled the entire Metroplex it was epic I thought you were gonna say you landed with like three side chicks at one time no so I got another funny story about side chick then don't we all I know right so my buddy my buddy one time no go ahead my buddy one time went to no it's I mean it's a clean story but my buddy one time went to we went out to we went out to a bar and we met these girls and then we went back to his place and we were playing beer pong and we he didn't really want to hook up with this chick so at the end of the night I was like all right man we're gonna we're gonna leave I didn't stay there we left and I was like all right dude we're gonna head out and he goes yeah yeah yeah I think that yeah okay cool yeah all right yeah and we we were at their place playing beer pong we didn't take them back to ours and so my buddy is sitting there we drove separately and he says yeah yeah yeah I think I think I'm gonna I think I'm gonna go to and she's like what you're not gonna stay and he's like no no I gotta you know I'm gonna run she's like why and he didn't have an excuse so he goes um my uh my grandma's making pancakes in the morning I gotta go just leaves grandma's making pancakes in the morning just bolts that's it gone God what an excuse man what's up with grandma what's in grandma's pancakes I don't know bro but that was his excuse because we were walking out the door and he's like got this like don't leave me look on my face he's like don't no don't leave me what's in grandma's pancakes man he couldn't come up with an excuse to you know like not just say hey you're ugly I don't want to stay here um so he says yeah uh no I gotta go my grandma's making pancakes tomorrow well and see you see guys you have to understand so let's let's let's apply this the funniest part is he was like 23 at the time shit this wasn't like 18 or 19 he was like 23 year old man yeah he was an educated individual and with responsibility he's just probably probably republican guys here's what you have to understand a price action look at like equate this scenario of what Joe just told to actually like a hot chick and a side chick stock the attention wasn't on the side chick she wasn't super hot so she faded off into loneliness in the distance while the friend bounced and probably went on porn and looked up Kate Upton and X-Mid videos where there were hot chicks so you have to understand where is the attention going every single day to which ticker and that's where you shouldn't be if you're short and that's where you should be if you're long longs want strength shorts want weakness and that side chick unfortunately lovely lady I'm sure she was just you know didn't get the attention she deserved from the 23 year old friend of Joe because grandma was grandma's pancakes were the hot chick brah I was watching the office the other day I just rewatched that show all the time it's the best I think it's hilarious and Meredith in like it was like season eight or season nine and and she says something about the way people have described her she goes Meredith Palmer has never been called a narc flesh Hoover maybe and I was like oh my god that's crazy never heard that is the flesh Hoover I've never heard flesh Hoover I died laughing Joe now that we have you dude maybe you can give a little insight on our on our new guys like our small account guys bro anyone that's listening on YouTube what do you think about like the options in the big cap side bro like what advice would you give of someone who's looking in if they should join MIC what do you think man like on the webinar you gave last night like on the resources what do you think I know it's kind of general but what's what's what's the general advice my general advice is is if you're on the fence or if you're considering it something along those lines there's a reason why you're considering it whatever you're doing right now is not working for you or maybe you want to polish your skills and become a better trader or learn a new skill along those lines so if you have a small account don't let day trading discourage you the processes and analysis and education that you'll get from MIC will go all the way through from day trading all the way down to swing trading and even long-term investing I used an MIC strategy to call out a long trade on Costco back at 318 probably a ton of people followed me even though I told them not to a ton of people followed me in that trade the trade is now I think Costco is trading at like 355 the last time I looked I haven't checked today I still have some and I did it with options oh it's 350 360 before running to 357 80 roughly so my options are up 140 percent right now so I realized 80 percent a piece of it and I made 80 percent on that money and you did not have to have a big account to take that trade I think my entire position was like $5,000 that's it if you would have bought just one contract it would have cost you about 700 bucks so if you have a thousand dollars in your account you could have taken that trade and you didn't have to be a day trader to take that trade all you had to do was come to MIC learn the MIC process by watching all the videos or you could skip all the videos and watch the accelerator course watch the options boot camp which is like five or six videos it's not that many so you're not going to spend half the time there that you will on the accelerator course and you could have taken that trade you would have everything you need to know in order to take that trade and make that decision on your own and know how to assess your risk so the resources are there guys this community is not just for day trading even though most of the people that run it are day traders dude honestly I haven't day traded in weeks more of a swing trader huh I'm just slowly transformed into swing trading because I mean with options that's where it pays the biggest that's well that's that's that's what I do in options and big caps Joe I'm never day trading a big cap unless it pays me really nicely immediately or an option dude I'm looking for swings on those while you day trade small caps like I think that's the best strategy for traders at MIC honestly for any account size dude it honestly there's day trading opportunities in small caps don't get me wrong but you got to catch the market when it's in a really volatile state or you've got a really big play you know back when all the airlines are running and and then then the big tech boom that every every single tech stock was gonna was spiking you know there was huge day trading opportunities PLTR Palantir Technologies has been something that I day traded using options hundreds of times over the last few months and yeah there's plenty of opportunities out there you just need to be patient need to wait for those and right now is a great opportunity to take advantage of those courses and everything because large cap earnings season is coming up within the next one to two weeks we're going to start getting all the big earnings reports from everybody all the big companies again all that's coming back and I'm telling you you know in small caps let's just compare this in small caps small cap traders want volatility every day right they need something that hits the scanner in the morning and it's got some kind of news or some kind of reason to be up they need that movement right yep I always I always compare small cap traders to the hooker in the family guy episode where Peter and Lois go to the hotel room and they're like oh my gosh this hotel's terrible and they open up the door and there's this hooker on the bed and she's like hey how are you guys and Peter goes Lois don't move they only see movement I remember that and they stop moving and the hooker's like hey where'd you go that's small cap traders small cap you have to have movement you need movement any day trader needs movement right we need volatility whether you're small caps or your large caps okay but let's say for the summer usually in summertime small caps slow down a lot okay in summertime in big caps that's earnings a lot of companies are reporting earnings and a lot of swings are going to be making their way into the market giving opportunities there and earning season comes four times a year and it's like the Super Bowl every single time definitely it really is man I love it I can't wait for earnings yeah there's 20 things gapping they all have and the best thing about earning season in large caps is you know there's a fundamental change like it's gapping up because there's a fundamental change in the company or it's gapping down there's a fundamental change in the company so not only can you couple technical analysis with it you can now couple fundamental analysis with it now you have a fundamental and a technical reason to take a trade there is no reason not to be in that stock in whatever bias you have and so right now is a great opportunity to jump in there and learn those things you've got plenty of time to polish the skills before that starts but it's right around the corner so there's no reason to wait I love it dude I love it and I most of you probably just got your stimulus checked so spend it put that stimmy and it's something good don't match in the make what now that wasn't gonna sound right never mind I'm gonna I think I already know what you're gonna say you didn't actually yeah you probably do I definitely do HR's written here and yeah never mind I think we should probably cut it here because the question that's it diminished but dude I'm telling you man we do this every single week you guys got to come back if bow is still here probably on his way to get some fun do this on the tv guys coming over to hang his 85 incher yeah someone's gonna handle his 85 incher and it ain't a tv guy yeah you mean the family guy episode dude I was watching that tiktok guy that goes around and asks people what they do for a living in their fancy cars and he goes up to this dude and like this rolls Roy says all of the stock shelves and he goes sorry I had to ruin it and he goes hey man what do you do for a living and the guy's like what do you mean he's like hey I'm that guy off a tiktok that goes around and asks everybody what they do for a living he goes oh I'm the cfo for only fans I was like okay I did the hell out of here dude my favorite one is the guy that he was like yeah I do stocks oh you do the stock park it no I'd stock shelves and walmart he's like this is a rental right isn't the other guy that gets out of the car and he's like hey man what do you do for a living he's like I fall you guys have tiktok I'm so ashamed of you no I watch it on facebook you do those fucking dances too bro oh dude you don't want to see me dance oh my god I can see fucking tasha you fucking dance like that yeah right dude man so me dancing right now is like if you had like a plate of jello and you just like smacked it it's just all just moving dude so if that guy finds me on the side of the street and he's like hey what do you do for a living I'm gonna be like I'm gonna be like born I'm gonna be like well bow channel trades and then was me 10% every once all right guys so someone on youtube wanted to discount monthly we don't have any discounts on monthly you text tosh guys if you want to quarterly or things like that maybe tosh can work something out today but uh monthly I mean dude you scouring the you're trying to wait a year to save 100 bucks and you're losing thousands of dollars trading so I mean yeah guys we're most of you got $1,400 stimuluses if you're here asking opinions so seriously there you go there's $197 uh one month you fucking go there you watch the videos you learn I mean $197 is uh probably what your fucking shoe cost and if you learn how to trade guys I'm telling you man you can buy a pair I mean let me say how much I made today I'm not gonna say it but I mean I don't even need an account to learn how to trade you don't you need money to learn how to trade you need money to be educated and then you trade yep you don't learn to trade or you don't learn to trade by trading you learn to trade by getting educated same reason same with doctors surgeons professional athletes you don't learn how to do something by going into surgery and fucking slicing somebody's artery and killing them oh okay I shouldn't do that no shit Sherlock no shit because now you know right it's like Harvard I shouldn't you're paying to go to Harvard you know you learn this stuff yeah I shouldn't short things after 1030 oh well I lost four thousand dollars I'm gonna go and get my 85 incher checked out oh yes yeah make sure she takes care of you about guys we'll uh we'll catch you next week man this is the hard part is getting it up guys it's too big getting up is the hard part handle with care brother handle with care the three man job I'm sorry that was inappropriate all right we'll see you guys before this gets crazy I'll take like again at this point guys see you guys later I'll see you in the chat room after hours bye guys