 All right guys, you know, I think I'm gonna get started. So let me clean up the lens and get started What's up everyone today's Monday today's YouTube live day. So if you've noticed my office has changed I moved So I used to live in New Jersey. I still live in New Jersey I have a beautiful beautiful house now that I'm renting still and a lot of people ask me why you renting You're so rich. You should buy something. It's it's right now the real estate markets at all-time highs I think in the next three to six months shit is gonna go down 10 to 20 percent And when shit goes down 10 to 20 percent, that is what I'm gonna buy and hold a property for myself Just like buying stocks. I don't want to buy stocks at all-time highs just like real estate I don't want to buy stocks. I've had a one buy houses at all-time highs And if you are a day trader and you rent you get to deduct your rent from your taxes But talk to a CPA for that. So what I'm gonna do guys is I'm gonna be talking about the main topics of the day Which is stock selection confirmation and a bunch of other things And I'm gonna give you a tour of my office and show you all the little knick-knacks in here that kind of explain Why I have everything and you know why I have all this memorabilia in here So number one is before we get into the topics of the day We are hosting a free meet-up in Provo, Utah in I think a couple weeks guys So August 19 to 21 is our four-year anniversary for MIC So if you go to my investing club comm slash meet-up you could register for our free event other people charge $1,000 $2,000 for their events our events are free Free free free. Okay. F R E E. You don't pay a dollar. Okay to come All you have to do is book your flight and book your hotel and we have blocked off hotels at a discount So go to my investing club comm slash meet-up. This is your opportunity to meet me This is your opportunity to meet bow. This is your opportunity to meet Tom diesel Harry Haas James This is your opportunity to meet the entire MIC team for free. So whether you are a struggling trader, whether you are a new trader Whether you're an expert trader and just want to hang out and get drunk with us. This is your opportunity Okay, there's no strings attached. All you have to do is just register So go to my investing club comm slash meet-up and we'll see you at our four-year anniversary meet-up We're gonna have a meet-up on Saturday afternoon, and then we're gonna have a giant after-party at night So I'm gonna cut bow off at a 10 drink limit So make sure you see bow before his 10 drink limit because there's no way he's gonna have more than 10 and if he does That line is coming I have to cover once I just had to cover my ADM real quick. I covered at 320 and I posted it in the room Okay, so back to the topic is Utah guys you get to watch us hang out. We're gonna be doing presentations We're gonna be having a bunch of fun and this is your chance again. It's 100% free. We don't really do anything They the the point of these meet-ups is because when we start MIC, we know that trading is lonely We know that shit is tough. We know that no one knows that you're stuck in your office all day doing all this stuff, right? so Come to the meet-up hang out with me and bow my investing club comm slash meet-up Okay topic of the day stock selection and confirmation So we talk and money flow. So we talk about all these concepts all the time, right? So stock selection So what stock selection means guys is after there's about 10,000 stocks in the market every single day There's hundreds of stocks moving in the market So what stock selection means is how do we determine what stocks to trade every single day? Now the main question I get or the main thing that people tell me is how do you find these stocks to trade? How do you know which stocks to trade and the point is guys knowing what stocks to trade or finding the stocks to trade is easy But determining which ones have a high profit potential is what takes experience? Okay, so let me tell you the very easy concept how to find the stocks to trade Stock scanner, right? I have never paid for a stock scanner in the eight and a half years I've been trading DOS trader, which is the platform that we use has a top list that top list is My scanner it shows the highest percentage gainers of the day So it is very easy to find the highest percentage gainers of the day But the question is how do you determine which ones have an edge and which ones do not have an edge? Okay, so today we had a bunch of stocks moving. We had ADM moving We had IL AG moving and we had QD. I think was the other one QD moving So in the morning what I do is I post a watch list and in my watch list I narrow down the stocks to trade I would say that one of my biggest Strengths as a trader is stock selection. I've been trading for so long guys that after years and years and years of screen time I've learned which stocks have a high probability and which stocks do not have a high probability I'm gonna give you an example a Day one stock that is low float that is easy to borrow that is SSR Tells me that it is a high probability. That's probably gonna trap and go higher Whereas a day one stock with not too much volume That has already tanked pre-market That to me is a stock that hey I have an edge on because you have to think about this If a stock is trending up and dips and up and dips and up and dips and up and dips That's a very bullish trend, but if stock is going down and dead cat bounce down dead cat bounce down That cat bounce that means that that that that pattern is gonna continue. Okay So what happened today is we had a hot stock ADM ADM was a stock that moved Four or five days ago went up and came right back down Today they had some sort of PR some sort of news some sort whatever that was And in the morning, I was not really interested in shorting it I mentioned to the guys in the room that this is a potential hot chick now What a hot chick means is that's the stock that has all the attention That's the stock that has all the eyeballs That's the stock that's the hardest stock to trade and the reason why we call it a hot chick is because if you go To the bar or the club the hottest girl there is getting all the attention and she ain't giving it up, right? So you don't want to go for the hot chick. You want to go for her friend, right? So that's what we do in trading is when there's a stock that is hot when there's a stock that has all the attention when the stock is All the traders are focusing on it. That's the hardest stock of the day So step one in stock selection for a short-buy trader is find the stock that is not hot on the day Find the stock that is forgotten on the day find the stock that people don't care about on the day in the morning ADN was a hot stock What changed for ADN? Was it started getting pumped? Go figure. So what I like to do guys I like to wait and see these stocks getting pumped because there's two things that happen when these stocks get pumped They either get pumped and go straight up and continue up or they get pumped and they crap down and collapse down so what I look for in Terms of an additional layer of my stock selection is a confirmation So what is a confirmation guys a confirmation is if you go to ADN, you know Let me actually pull up like chart guys one second. You know one second guys So what is a confirmation a? Confirmation to me is this candle right here That is a brick wall death candle. Okay a death candle So what I'm looking for every single day is this type of death candle here a brick wall to collapse it down, right? So that's my signal guys. That's my signal So when I talk about what I'm looking for what my signal is or what my plan is any type of candle That's like a death candle like that any type of signal like that Tells me that the trend has changed So when ADN was the hot stock of the day in the morning And then it had that signal that trend changed that kill can let death candle the kiss of death the fucking your Mother-in-law candle, whatever you want to call it when it had that signal That is your confirmation So number one stock selection fuck as a short bias trader as a short bias trader Your stock selection should be the side stock of the day The non-hot chick stock of the day Okay, identify good What is your signal to be able to attack this stock a death candle a kill candle? Confirmation candle, which is what I just showed you now after you see that After you see that if to amplify this even more is you have a new stock running So when ADN had that kill candle I-L-A-G started running so this had all the signals that I needed to see and all the signals that I needed to know That this stock has now lost attention and was slowly slowly slowly dwindle down Okay, and now if you are struggling with stock selection and you are struggling with knowing what stocks to trade I do the work for you bitch. I put it all in the watch list So I have the ten thousand stocks that are available in the stock market I have the one thousand stocks that are moving today. I narrow it down to five five high probability setups that I want to see that I use To be able to make my plan. I'm telling you the stocks. I'm trading. I'm walking you through the stocks I'm trading. I am telling you where I'm shorting and where I'm covering every single day, right? And the reason why we do this is so that as a new trader as a struggling trader That doesn't understand the concepts yet the watch list is the cheat sheet So today the watch list said to avoid I-L-A-G short if you avoid it You would have made money the watch was said to look for ADN to short after it confirms We identified the confirmation and then we shortened you saw my fucking ass right here. Oh covering I've got to cover some more one second. I already covered all line covering. It already went through So anyway, so that's pretty much it guys. That's pretty much it. So stock selection Identify the side stocks on the day Confirmation look for a kill candle a death candle on the day and to add some even more juice into your setup Is the money flow concept which means that one-on-one stock tanks the money flows to another stock I don't want to give away too much info on the money flow here because this is a free video But an MIC we have the member only videos and maybe I'll just do a full webinar one day on the money flow Concept because I'm telling you everyone's gonna follow it and everyone's gonna copy it because it is a brilliant brilliant concept. So That's where we're at today pretty solid day here for me today And yeah, do you guys have any questions on these topics? So if you're struggling with confirmation if you're struggling with money flow if you're struggling with Stock selection just use the watch list Just use the watch list. You are the MIC member for a reason Just use the watch list and everyone always tells me that I give away too much info for free The reason why I give so much info freeze is 99% of you people don't listen You don't listen So for the 1% of people that listen it changes their lives and that's why we're doing is to change people's lives So the 99% that don't listen. I don't give a fuck because at the end of the day, there's people that are listening, okay? So any questions guys any questions? ADM is going lower. I posted my cover in the main trading chat room guys So I hope that you guys saw it there If you guys are in MIC if someone could repost that there so you see it But can't really complain. I think I don't know maybe like 1500 $2,000 today And I remind myself $2,000 days half a million dollars here. I just made $2,000 in fucking one hour So if you guys are struggling guys, if you guys are struggling We have a free resource at my investing club comm slash webinar This is for non MIC members. This shows you all of our patterns all of our setups Even a live trade for me for one hour and that's pretty much it So if you guys don't have any other questions on that topic what I would do is I'm gonna show you an office tour now So any other questions before I move on to an office tour? Get formal. I should have not covered it all. It's all good And even the bear market we're making money if if your mentor if your teacher if your leader could only make money in a bull market You guys are dead We make money on bull markets bear markets giraffe markets donkey markets, whatever market you want. We make money When do you scale for stopping out? Well, if your plan is to stop out at high the day, you're not gonna scale it high the day ADM My plan was to short 340 350 360 and stop out at 375 All right guys, so I'm gonna show you an office tour now so that you guys could kind of see what I'm working with so This is my new office and this is what it looks like You know when you walk in so I have a bunch of memorabilia I have a bunch of everything here and I kind of want to talk about everything So this is my Super Bowl helmet that I got when I went to Super Bowl bow This was a gift from my brother. This was when I went to area 51 This was Elon Musk. This is an MIC member that made me a custom artwork. I love Star Wars I love Dragon Ball Z. So this is a combination of both Love aliens. So I have an alien here love space. So I have that. This is a painting that Tosh made for me This is a bunch of alcohol lamborghini champagne. Mr. Wonderful wine Tesla tequila Benjamin Franklin in space that represents money in space my Thanos gauntlet That's sick an MIC member was on the formula one team for Mercedes So he sent me this I have just like a bunch of stuff here guys a bunch of stuff, you know All this stuff So the reason why I keep all this memorabilia here guys like this is my biggest trade ever which was AMC may $700,000 in the day Pima our Australian member gave me this boomerang. I love Marvel Tony Stark. Yes, the gauntlet is wearable Bunch of stuff here bow got me this actually. It's a Lego Joe got me these planets And that's pretty much it guys. So I mean this is this is kind of what my office looks like I'm still gonna work on some cable management here But this is pretty much where I get my work done every single day So I mean it's very important to have an office guys where you feel comfortable It is very important to have an office that makes you happy because if you spend most of your time here You want to be a very comfortable and warm and inviting environment. So this is kind of what I'm working with these days still unpacking still getting everything set up, but Yeah, guys, I'm trying to keep these videos short and sweet because I know that you guys don't watch them I know 99% of people don't care Thousand people watch these videos a week But fucking a hundred thousand people watch bullshit videos on YouTube all day long and you know We may not be the biggest YouTube channel We know we may not be the fucking sexiest YouTube channel But I guarantee that people that watch these videos their lives are being changed I load them up 1.5 million dollars this year Which is sick in a bear market and you know We're still gonna keep showing up every single day providing value for free and if you guys do appreciate us If you guys do love us, please subscribe to the channel Please like the video and please go to my investing club comm slash meetup Reserve your spot for the meetup It is a hundred percent free and I hope to see you guys at the meetup in Utah to celebrate our four-year anniversary So I'm gonna get back to the room