 What's up, everyone? My name is Alex. I'm one of the co-founders of MyInvestingClub.com, and I want to let you guys know about something special we're doing for our viewers on YouTube. So the most common question we get asked is, you know, how do I start day trading? So what me and my mentor about it is we create a free two-hour mentorship course for the brand-new trader. It's going to be available at MyInvestingClub.co. The link is going to be right here. This is a free webinar that reveals our 12 secrets that every single brand-new day trader should know before they start. I also want to let you guys know about something that's very unique to MIC. So if you have any questions about trading or you're curious about trading or you don't know if MIC is the right fit for you, now you can text our head mentor, Tosh, whose number is going to be right here, and he'll answer all the questions that you have in less than 24 hours. Thank you and enjoy the video. One thing about trading is I miss fills every single day, right? Everybody misses fills every day. And so it happens to everybody, right? Like missing fills is part of the game. I cancel at least, I don't know, on all of my tickers. I probably cancel at least 10 orders a day. It just happens, right? I mean, it doesn't happen, right? You just don't get it. Now, every now and then you're going to run into a stock that just beats you, right? And this is why I want to include this one today. This stock just, I mean, honestly, I think I ended the day green on this. Like it didn't beat me P&L-wise. But like, or break even the small green or something like that, I think more break even, actually now that I remember, I was basically break even on the sticker. It didn't beat me financially, but this stock just fucked me mentally. Like every now and then you're going to run into a stock and here's the thing. It's very important that you don't let the one stock that's just going to beat your strategy, just, you know, your strategy isn't going to fit every single mold all the time, right? Your strategy is not going to fit that. Like your strategy is going to work. A lot of the, like a successful strategy will work most of the time. You know, the market's not going to like you, I talked about this in the third webinar I ever did trading as an art science. Your trading style is a mold, right? And how rigid or how flexible your mold, that's kind of up to you and your design. But, you know, you have a mold that somewhat bends with the market. The market's not going to fit into your mold perfectly every single time. Every now and then there's going to be a stock that just like comes and runs into your mold and then runs away and then comes at it at another angle and runs away and you're just not going to catch this. And it's just going to beat you, right? Like maybe it's the one that just stops you out over and over and over again. Like there's going to be that stock that just beats you and you have to make sure that when this stock comes along that it doesn't wreck you. It doesn't wreck you emotionally. It doesn't wreck you financially. Like essentially make sure that you don't have a big red day when the stock comes because it will eventually come. The stock that just fucking beats you. This was this stock for me. This stock just fucking beat me, beat me up mentally. And the how it beat me is all of these arrows are where I want. There's one that wasn't narrow, but every other single one I missed by fucking pennies. And you guys know me, like you guys have seen my live trade videos. I have designed an entire system based on replacing orders because like that. That's how I ensure I get my fills. Like I need to get my fills. Like I have a system designed on replacing order. It's my number one, like it's my number one thing that I absolutely hate in trading because for me missing a fill means you were correct, but you didn't make money, right? Like that's just like, hey, you're right, but no money for you. That ultimately just grinds my gears. So like I've designed a whole trading system on replacing orders to get the fill. That being said, I did that even a couple of times and I still just miss, miss, miss. I missed here. The whole idea was this broke 240 was pre-market highs and like 250, you know, besides the WIC here, 250 was basically the whole dollar number that was the high of the day right here. And then we broke. So my entire order was based on 250, 240. I wanted to dip up by first. Actually, I had a first resistance short here. Great. Like, like I said, it tanks and the first pop back up to 250. I shorted it and covered it really fast. Those have been working great. Right. I had a few more of these this week that were just great, just quick ones. And then I actually longed it. I did it. I did the first resistance and then I did it just quick support by right back up actually over filled a little bit, got a little short and had to cover. But thankfully, like I covered right there for break even. Here's one that I didn't really trade. I don't know if you traded it. This is one where I was kind of making like a funny joke all day long as I said, dude, I'm not going to touch it to like 350 and then four and then 450. Like so fun joke. The thing is I didn't want to locate it. And I didn't. I actually didn't. I never located it. This is like a blow up stock, right? When stocks do this, right? And this is kind of been the theme of the week, right? Trend, like literally, like, Harry is supposed to picture a front side versus backside. I mean, you just draw a line right there, front side, backside. It looks very, I mean, picture perfect, right? Up trend then down. I mean, this is just kind of been the theme of the week. Now, I actually didn't get a short onto this. Like I considered it here. I really, I, in hindsight, hindsight's the easiest thing in the world. I should have, did you trade this at all after this? I don't think I'd trade this. Yeah. I want it after the death candle. Trust me. I want it so bad. It fits the mold. It fits the mold. It's reversal time. It's through a whole and a half dollar. It pops over. It's about 50% of the death candle. Yeah, it's perfect. It fit the mold. I just, I didn't, like, I don't know what was in my mind at the time. And that's the, and see, that's the thing. Whatever I had in my mind, wasn't trade the simple pattern, right? Whatever was in my mind, I didn't trade the simple pattern. And then it tanked again. And then I was like, fuck, well, now the trade's done, right? I had that, I can't chase it. I actually ended up, I bought it. My problem is that I cannot focus, you know, more than two stocks. I mean, if I'm trading something at that point, I just can't, you know, focus on something else. I have to focus on just one stock and maybe another one, but not the third one is something like that. And so I think CLSK, that was the third one, I think, and I had it, you know, far away from my screen, like, you know, on the corners. Yeah, I'm the same way, dude. One to two is all about I can do. But yeah, like stocks like this, the thing is, like, when you see a stock like this, the best thing to do is just say, I'm going to wait for two things, a simple short, meaning I'm going to short like the first, the first pop after a hard pullback or it's got a death candle, right? Death candles are more ideal. I think that's probably what I had in my mind. I typically don't like death candles off the top, you know, like I prefer death candles not off the top. That's just me personally, like I'd rather kind of pull back, like, you know, like pull back, consolidate, you know, push up and stuff, right? Like that's the kind of stuff I like. That's a death candle. Just, I feel like when they come off the top, they're more likely to grind back because they're still close to the top, whereas if they're off the highs a little bit and then they push up and stuff, now we're significantly off the highs. And me death candle, it's definitely done. I have that more conviction than I do. That's probably what was in my mind now that I think about it. Why should your stop hold? It's very important to the thesis of your trade to understand the thesis of your trade and the timeframe of your trade. Why should my stop hold, right? Is it the major line that's holding it down? Did it just death candle and that's the top? What is the thesis of the trade, right? Why is it supposed to hold? If it's a line and it's a prior high of day, dude, it might pop back up there and flurry one more time. And that's still your level holding, but if you stop out, that's, you know, you having too tight of a timeframe with a larger, you know, area of a larger timeframe for your reward. And maybe that's not the best stop. Why should $25 hold and not go and test it one more time and possibly get to $25.15, right? Something like that, right? Maybe, you know, that it's probably you being a little too tight, asking for the sock to be super nice and just reject $25 without any questions asked. With that thesis, that's not normally how it goes. Now, is it the top of the death candle? Okay, that's a little bit more binary, right? That's more binary. That you should not see that again. You could, you know, that's why that stop should hold. It should not be seen again. That's why the stop should hold. I have no problem covering it $502 if five is the top of the death candle, right? So ask these questions, it really helps you hone in on your understanding and realist, you know, get your realistic expectation for what you want out of your trade and that prevents premature stopouts. And these are the things I like to keep in mind before I put trades on. Bad stops stem from FOMO, right? So it's easy to have a bad stop to have a shit entry and bad stops lead to revenge trading, right? So it's easy to blow up account with a revenge trading. So really hot, like you put these together, revenge trading, I mean, blowing up accounts leads to stems from bad entries, right? So good stops for its bad stops, you could honestly make an argument that it's all based on your entry and it's funny because this is one thing that Bao has preached for years. The entry, and he'll say the entry is the most important part of the trade. And it's true because like literally your entire stop revolves around, you know, what your entry looks like, right? So a trade is only as good as the stop. And then, you know, parentheses really, it's only as good as the entry. So good stops keep in mind. And this is something I added last second here to this slide. I get so many messages in the middle of the week or I bought this stock and it stopped me out. Like I was risking here and here's the problem. They risked like five cents at the open or 10 cents at the open. Now guys, at the open, you have a 10 cent risk. That's nothing. All right, you have a 10 cent risk at the open, like in the first five, 10 minutes, maybe even 15? I mean, I mean, grab the nearest coin, flip it and say, am I going to get stopped out? Put it this way. All the stops at the open, like you have an idea if your stop lost at the open, expect that to be tested. Whether you're short or long, expect your stop at the open to be tested with fucking slippage. So, you know, if you want to anticipate and like be there first, expect the test. At the open, it's better to be almost do reactive trades and like wait for the death count will short the pop. Wait for the dip to hold before you buy and risk the bottom. Unless you have like a solid line and it's an outer line at that and you're okay with it going through, don't try to anticipate the open. Don't try to put tight stops at the open. You're just, you're opening the door to get stopped out. And keep in mind in the middle of the day when stocks are more range bound, if you decide to have a wide stop in the middle of the day, you're asking to get TTHP, right? I mean, if you have a wide stop in the middle of the day, stocks will grind and they will grind a long time. And the problem with grinding stocks, it's really easy to add. And if you have a wide stop and you're adding, I mean, this is how you fuck up. This is how you fuck up in the middle of the day is, you know, on the middle of the day, I tend to like having tighter stops. I almost want that kind of free trade. Let me get in at the top of the range. I'll give it like 5, 10 cents slippage and that's it. Thank you so much for watching our video. If you want to see more of our videos, please subscribe to our YouTube channel by clicking the button here. We do our best to post a new video every single day. If you have any questions about MIC or any general trade questions, please text Tosh using the number here. Also, stay up to date by watching some of our most recent videos right over here.