 Hey traders, this is T Bradley 90 from the my investing club chat one of the top mentors and moderators of chat and today I got a very special video for you guys Every single Wednesday at 2 p.m. Eastern Standard Time I do a new member orientation video with a Q&A at the end and today we have week seven of the recorded Q&A and While today is just a preview of the full-length video if you want to watch the full-length or any of our exclusive content then become a member of MIC All right, so this is a Q&A man week week seven technically recorded So I just kind of wanted to open this up to any questions I think you guys have already been writing a little bit So I will I will look through this really quick then we can get to new questions and talk about you know Whatever it is guys we can talk about some very key topics, you know with whether it's hard stops or trend or what I look for or Yeah, you guys just been blabbing on so I don't need to go back through this TZ Talking about broker stuff. All right. I feel you all right. Well, let's get to new questions So what do you guys want to talk about today? Who is having trouble with maybe like? psychology or like trends or you know actually I got an idea I Put together a video that I actually want to show you guys Yes, yeah, here it is I put this on my stories and I edit it together because I really really really I covered some topics guys I really think we should talk about today and I was just in the mood to create a video and I want you guys to watch this I really do. I hope you guys can hear it. It's only like three minutes but these are some really key things that we could talk about today and I think this is pertinent for any major trader So let's watch this because I want to talk about some of these things Number one Tosh, I don't know what to trade. What do I do long or short dude pick a niche? Pick one play master that build bankroll then venture out long short options futures. I don't give a shit master one All right, so let me pause in between each guys what I just said right there is very key for new trades It's gonna be a good structure today to talk about When you are new and I'll get to any questions But let me just kind of ran for a second when you are new guys the number one thing I see traders doing that is the wrong thing to be doing is you are trying to trade Everything right you are trying to trade everything so you're like I got a nail this I got a nail this I got a nail this I got a nail this Here's the difference. These are in backside over a multi-day runner This is a day one that's trying to find its direction and trend and this is a full-on front-side trend that's still, you know Intact my point is is these are honestly like almost three Completely different setups and you have to identify with what works for you So, you know one of the number one things new traders do is they just they just try to spread themselves to slim They try to trade options. They try to treat features. They try to treat small cap equities. They try to dip They got it's like trying to look it's like trying to be a painter and electrician and engineer tomorrow Start a business and say hey, I'm a mothership company. What do you need today? Oh, you need an electric today. You need a fucking engineer tomorrow. Oh my god Let me juggle hats. Let me race and try to figure this out and find my contacts dude find one niche Boil it down. Whatever that is me personally or the AKT X's I don't even like things like this like RKDA and YR ID. I trade them I do because I've been trading for so long. I'm well-versed into a lot of setups, but here's the thing guys You know what my criteria is it's day ones It's the death lines and it's the it's the death candle So I am specifically looking for stocks like this. It's done here. Look, I'll show you a 15-day chart It's done Jack fuck all for the last week or two weeks. Excuse me. I'm a sailor mouth But it's done Jack shit for a while. It's up on a new catalyst You read through the news and you go, okay Is this fitting in my criteria and then you go to fitness and then you go to BAM SEC and you understand if it has Delusion, I'm not trying to get a scalp on this I'm not trying to conviction swing this and I'm not trying to hit this at the same time guys I'm like if there are my setups I'm going to play them if there's no setups I'm not going to play them the thing about trading is you want to lose as least as possible You're always gonna lose that's just gonna happen guys You're gonna take an L every now and then but if you limit your losses It's super key because here's what happens a loss is a loss twice You're going to lose mental capital by trading something you don't know like what this is under VWAP, right? This is technically frontside trading if I were to short this there is no and I mean zero Indication that this is a breakdown. It did not slam through VWAP. This is a trickle down It's even wicking which is a sign of a reversal This is nothing but frontside if I were to short this I'd be an idiot I would be guessing my ass off right here now if it went up to retest You know a resistance level and I wanted to catch up first You know kind of like first resistance short like now does that's a smart move But if I were to open up a short position right here, it's 50-50 gamble and I'm being it's frontside It's basically higher higher lows It's kind of making a lower a lower high right now and like a lower low But I'm telling you right now. This is front side. This is no indication of backside. Where would I want something like this? I would probably want a serious neckline. I May start attacking under that and then I would go even by 10 cent increments So I'm looking for if I'd be looking for maybe a 340 maybe even a 320 Like I'm trying to figure out where the longs are in trouble not trying to guess This is what new traders do. They don't define a niche They go. Oh, this looks like a short. Let me short bullshit. That is the way I promise you guys You will lose you will lose you will lose and you will tread water for years Whether if you just wait for your setups that you see look look at this shit This is probably just gonna go back up man. This is not a convincing slamming. Here's the thing If it does break down right now Then okay, it was a gamble like I don't like gambles if you're guessing in any form of your training You've already lost So remember this a loss is a loss twice you lose you need mental capital you lose real capital So not only are you losing your account? You're losing confidence that the next time your setup does come that you're comfortable with You're gonna be hesitant and shaky-handed like oh my god Do I pull the trigger on this death line? That's perfect But I'm but I'm being a little scared bitch because I fucked it all up on this and this and this and then so Stop spreading yourself. So slim guys stop a miss. It's just a miss There's always a play tomorrow and the next day in the next day and guess what if you have to go a week without trading Boohoo welcome to the industry welcome to what it takes to be a real trader I have no sympathy for guys who are like and I'm very blunt. I'm very direct man I like to pride myself on being like a like a tough love coach I have zero sympathy if you're like toss it in trade this week good good Build that discipline and guess what hit the shit out of the stock that you know how to play when it shows up So that's my rant on that let's watch the next one. I hope you guys are liking this. I'm this is a new structure for me Because I don't give a shit master one How do I know whether stock is a long or a short? Trading is all about trend. Are you on the right side? Who is stuck are longs in trouble or are shorts in trouble? That is the first question you should ask back side or front side Boom, this is so key. I probably should have done that first to be honest guys Here's the thing What trend are you playing if you are trying to trade anything look scalping is different You know bow scouts all day bow can literally scalp that I can't do this I cannot do the style that bow does me bow and Alex treats so Unbelievably different even though we trade the same setups and the same tickers every day and that's the beauty of trading You can take something from everybody. I have completely taken some skills from bow over the years Alex has taught me some amazing stuff like I literally got the death candle strategy four years ago from Alex personally I've utilized it. I tailor to what I do specifically with it the waterfall candles I kind of like made that my niche which nobody was really talking about Chasing nose because the bigger the candle blah blah blah, but my point is is what side are you treating? So unless you're doing like a lot of scalping and stuff guys You gotta know what side you're on it even if you're doing scalping so like that right if you look at that Actually, let's find it. Let's find it. Where's bow's chart? I want to see his IEA chart because I want to talk about this This is this is really key. Is that it? Yes. Yes. Look at this guys. This is my point This is this right here. You see this Okay, I want to I want to talk about this This is called front side shorting New traders you can totally do this, but you need to know how to do it. So this bow is looking For daily resistance levels into his shorts. He is looking at the daily if you understand this He is inputting his lines on the daily so I'm saying where the resistance levels are now if we go back to interday You have to understand he knows that this is not a conviction hole This is not a wire a wire ID and this is not an arcade da yesterday like this was yesterday for arcade a This is not like hey I'm gonna short right here and then cover down here He knows front side shorting when you're shorting into a parabolic into a stock that's going up You need to have front side covers and that's Austin's major Quote which is one of the best quotes that's ever been said about anything trading if you are shorting right here No daily resistance level guys You better be paying yourself to that fuck of wash if you are not you are going to get squeezed back up This is an identifiable pattern such as this you can hit the resistance level short here and then cover into these washes You know piecemeal whatever you do You know you can piecemeal out because if this came back you can kind of just break even on the second cover because you know Maybe you could want lower, but hey your cell so what bow is doing right here is hitting resistance levels hitting daily levels He knows he's getting in for 10 20 cents and he's gonna keep doing that. Here's the thing anyone that tells you oh I The only way to make money is to is to grab 70 cents in one move is to short here and cover it in bullshit Now it is making 20 cents all day and guess what by the end of the day that 20 cents 20 cents 20 cents It may be a dollar 60 gain while the guy that's short right here in hell all day, which is ironically more my style I'm like dogging myself a little bit But the guy that holds all day may be making way less money when that was literally just in and out in and out But he's protecting himself does that make sense front side shorting Requires front side covers again. I'm gonna give you I'm gonna go through a lot today These are really important topics and I and I am recording this so you guys can watch this again What side of the trend or you want this is front side? Why would you be shorting this if you're new and you're not doing bow style to where it you know It picks up to resistance levels then taking a quick cover. I don't trade that way So I do not even attempt to short at this. I do not trade like bow. I trade very different I'm waiting for the ATTX desk slams, but not in this market I'm giving it a couple days before I get something like this pop back up because I know that this is just gonna get Pop back up pop back up or there is at least a good chance of this again Let me cover that when you come out of a market for two to three weeks where shorts are Annihilating annihilating annihilating annihilating and just winning and almost every single trick guys It was almost impossible to lose the last three weeks on a short if you size Somewhat moderately to a little a little bit too moderately and just held my god What there were no moves like this? So once it was up it was just going down This is why some of our moderators was shorting pre-market in the day. Nothing was continuing My point is if we are not in that market anymore, and this is what's called market sentiment I pay attention this weekly and I've been doing this for six years point of main things I talk about which most people don't talk about and it's I don't know. I guess it was like one of the things that made me stand out in the community Every single day of course, but every single week I am taking note our chasers flush with cash or our shorts flush with cash Because whoever is is going to have confidence going into the next day guys while algorithms and while big money and funds and Institutions are involved in these stocks. There's a lot of retail sentiment. What is retail? That's Britain. That's Adam That's me that stock slayer. That's page. That's mine. We are retail So what is happening when everybody gets smoked every single day? Chances are the next day if they are if something's up and if no good catalyst and the trend of the market the trend of Small caps for a week or two weeks has been going on It's going to continue that way until Until and this is why hard stop to the most important thing in trading because it only takes one stock to be overly biased Don't wipe you out. Let's go to RKDA 15 day Again, this is a lot for new traders, man. This I I didn't mean to give such a detailed But put some charts in front of me and I'm gonna talk This is what happens if you're a dumbass who just shorts and holds and doesn't have a stop in place This is what happens guys. It takes one stock to obliterate you so while this was here's what happened So I'm gonna walk you through this we were in a dead market for long So long as it had no place for two or three weeks, right? Everybody started shorting right here And I remember even a lot of our moderators and a lot of really good traders that I follow on Twitter or I know or their Friends or friends blah blah blah blah blah blah whatever they got smoked Because here's what happened RKDA came in the mix and said hey I'm done with a short market and I'm done with everything fading and like AKTX going down here I would want to start lighting up this market only takes one guys we talk about this all the time Three week can change in a blink of an eye if the right stock comes along and here's what happens It's day one of our key VA it doesn't get higher lows higher lows higher low front side. What is front side? I'm gonna fucking draw it This is called a front side over This is like a multi-day front side. This is a multi-day runner. There is no death lines in here There is no back side guys. This is a super Saiyan This is like super man launching into the heavens man He's trying to find the Sun up here and then here's what happens Just high shorts holding oh hold from four. Oh $10 you're done your trading career is over if your size too much and you can't weather a five Seven ten dollar move that is what hard stops are the most important thing in trading You play towards the market sentiment with stops in place every single trade until it proves you wrong And then you stop you don't revenge trade you don't say I'm gonna be a hero and attack this We've been an adult market. You always prepare for that super Saiyan. That's gonna This is a funny analogy probably one of the funniest I've ever heard but you know that will say like you know Lex Luthor comes in and Brings the kryptonite dildo Dude you gotta protect yourself man. You've got to protect yourself. I've seen guys. You take it from me I've been trading for six years now has been trading for 16 Alex has been trading for six and we can all tell you the same we have seen so many some of the best traders you've ever heard of They're not around anymore because because this is what happens man besides 50,000 200,000 shares right here They cannot they cannot put a hard stuff in place cover admit defeat ego and then they just get squeezed to 10 men And then they're gone Don't be that guy. Don't be that guy shit. I'm missing a lot of this stuff I'll go back after all this stuff guys, but let me let me get this out of way. So what trend are you on? This is a middle trend. This is a no man's land. This is really just no this is no You can This is arguably back side, but I like true back side and this is not it I need this thing breaking down down here breaking every support just making I don't be what when something VWAP reclaims This no man's land and it's busting through VWAP. It's going under it's busting back through its book This is this is just a no man's life. You know what the trend is on this. I'll draw it. Here's your trend A channel trade. There's your trend Channel trading, but it's like the channel is really small You know, I mean it's really just like the most of the volumes in between here But my point is it's like this is this is no trend. This is a trend. This is front side. This is front side now This is back side. You see what I'm saying. I mean you're breaking such key levels on the way down guys These are the time to strike hard on the short side things like this things like this I saw a lot of traders in our community or not a lot, but I saw a couple guys take a hit I got a couple pms on it. They're like, man, I shorted the shit out of day two of the why Why why why? Where's your backside bro? What the hell are you looking for? My god? It's Man, I just you guys gotta learn this shit, man. I'm telling you I'm I'm a tough love coach But I'm trying to really teach you guys this shit. Be safe. This is stupid short You can but man if you're new and you're trying to build a bankroll you doing it very wrong. All right Let's see next. Let's go the next part Backtesting screenshot every major runner write down news write down volume for the day write down the flow short flow percentage Finvist BAM SEC then play TOS on-demand thinkorswim replay the fucking day So we'll stop there and I'll just mention this really quick. Yeah, hold up RKDA just took a tank job That is disgusting That that's what I look for every single day guys confirmation. I'm done for today I'm not trading more today. I do not open up short positions in the last hour because anything really can't happen But I'm gonna tell you right now these candles that is the fucking confirmation We're in the start of the day on things like this or days like this like this is a trickle down if I got that candle I'm going in. I'm going in. This is long bailing. This had 320 look at the volume right here when I hover over it 321,000 selling pressure right this candle had 11,000 320 almost 322 nasty nasty So pay attention that guys that's my confirmation I wait for these every day and then I attack like a hyena Like a pack of hyenas so it's up to you find your niche find your confirmations, whatever you like But that's what you got to figure out yourself. So back testing. So I just we just watched that video So what is back testing back testing has a million forms to it one of the number one ways I did it as a new trader is here's what I would do I would take a screenshot of every major runner. So for the first three years of my trading career guys I studied 14 hours a day. I screen shot at every chart. I Thousands saved somewhere. I can't find them anymore. I don't do it anymore, but I've done back testing that I swear to God It's tiring when I was new I had to stay on that now I'm like it takes coffee just to take a piss But my point is guys screen shot every single chart that is major runner and then what you can do is there's an on-demand features check this Click this. This is a replay of the day This is a replay of the day. So I Don't know what someone give me a runner from like a week ago. Does anybody well, we'll do let's see I think it only goes back to like I don't think they do the last two or three days Let's see if arcade no Whatever guys, I'm not gonna show you this right now because it'll take too much time But look you can input the day of whatever runner you said Um, I can go to the MIC archive and literally look something up that Alex posted go to that specific day And then we're gonna be putting a day and fast forward and all the shit man. This is all simulation It's unbelievable. So you click out of that and now back to a real account By the way, I only use this for charting so I've got some money in here But I'll never trade with fingers when my they're not They're not tailored to the short side then you can long with them sure and like do like buttons and cool stuff like buy mark I've got some money in here like I could technically I've been let me not mark it or some random shit Showing you guys and I got like in four thousand chairs in a wire IV long when I don't want that. That's a bad idea So let me not accidentally press a stupid button and be like, oh great. I'm long a piece of shit. Oh So you guys you come to my webinars, it's really just comedy hour make fun of myself What next what next so uh, so I want you guys to screenshot charts do TOS on-demand to back test the day and then right. Oh, look at this. See you see what I'm saying about look This is the channel. I would I would give it to the base. I'd give it to the base This is pretty much the channel guys. I would there's no trend here man Maybe I take a short right here and scale to the 280s with a stop at 285 But I mean this is this is just channel trading until it breaks the channel either way So it might break out or might break down and then you cut it, you know If you're on the opposing side, but I mean this is really just channel trading for now until it proves Otherwise until it goes here until it goes under, you know, these are really key levels So that's something to pay attention to you know range of a range of a stop range of a move You know and then be what comes into play but back to Back to some so write the float down here. I'll draw it out. This is what you should do when you're new every single day Oh, see look at this. Yep Let's see if it goes to the wicks. I usually go to the base. I'll scale the wicks, but let's see It'll probably break down at 280 But we'll see, you know, I don't like channel trading for this specific reason though Right down float Right down news This is what you screenshot every day guys This is what you screenshot every single day You're gonna screenshot the chart and then you're gonna write down the screenshot on the chart This is why I think we're swimming so cool Let's see if this breaks down right here and focuses on the channel might keep going This is really strong. See this is the reason why I don't It's 12 so that we have one hour guys of market left. This is a lot of volume coming in I do not open shorts in this timeframe because of this bullshit I mean that's a that's a fuck you channel of shorts man Like this could really keep going and this could you know go back for hours and continue the next day and remember guys remember Um sentiment of the market. We're not in a market where this is going to be an easy fader Chasers are a ton of money right now. They do big. Yeah. Yeah, seriously clueless. I hear you buddy Um The market is full of chasers guys and the lungs are flush with cash You're not gonna get easy fades right now. You're just not if you do, you know It might be like this. It might be a tongue twister It might be a it might just be a little bit of a headache and they're not convincing slams It's just like I'm telling you right now chasers are supporting votes like this right now That's why I'm only dipping my toes in until I can really really gauge sentiment So, uh, yeah, so write this down guys, you know and then back to us on to us on demand So there's your there's your way and then the two um resources that you want to use are this Man if I had this webinar when I was uh In the beginning, I would have I would cut my own learning curve down a lot This is what I love helping you guys, man If I can help in any way a new trader just not waste years of their life Fuck dude, that brings me a lot of joy, man. So BAM SEC guys This is the way to uh do the fundamentals and then fenders If you guys are not aware Fenders is a fantastic resource for um looking at the criteria, you know what's float like things like that um The enthusiast I get too passionate bro. I get too passionate You guys know me too well. Yeah, see look at this shit This is why I will never open up a short into the last hour. You see this bullshit now It's just breaking through the channel It's super strong on on volume and remember what I said in the last week's webinar guys. Do you remember? Here's what I do. This is a trick of mine 40 percent level Of morning volume. I write 40 percent if it starts breaking over the 40 percent level This has a very very good chance of continuing higher and really making a strong move and look at this If you were short under VWAP that is your guide to get the fuck out short right there over that 40 50 percent mark And that is nobody talks about that. That's one of my main things That's how to stay safe That's where you put your stops in place and the minute you don't obey this stop you're dead What if you had a 240 average or a 246 now it's a 284 you could have saved yourself on this by watching this Dead telling the man You can learn price action and you can learn little nuances and subtleties Um, that's a golden nugget for sure That's one of my biggest methods for staying safe and not a lot of people talk about that. Uh, all right Let's uh, so that's out of back sense. Let's go the next one My family says trading is gambling. What is it? It's educated risk You can wait for a pluses with patience and discipline every day Or you can play c and d setups like an idiot and tread water for five eight ten years It's up to you patience wait for the 2020 blackjack hand All right, so I already kind of talked about this earlier a little bit But I'll just say it again Is guys if you are trading c and d setups and you're like, hey, maybe this is a short right here You've already lost you have already lost We're waiting for key confirmation levels to be tested and broken or break down if you're long or short The point is is focus on what works. I mean that it's as simple as that guys It's as simple as that. So How do I know if a stock is going to run 30 cents or three dollars on me? What is the range? What is the float new traders don't know about range? This stock has a float of 700 000 or 1 million or 10 million or 20 million that is range so Here's a good example if rkda was a 20 million float, we would not have seen a move like this I'm I can almost guarantee it. What was this on day one? This was like a 2 million float or something. I literally cannot remember. But oh, hey, Adam. See you buddy. Yeah Pre-watch the rest later if you want Dude, this was a low float that once it caught wind and chasers jumped into it. This is range guys You have to pay attention to this shit So not only can you go to the daily chart and see like, hey, you know Where has this stock been to before like what is the range of these moves like this can really make big moves on a run You know look at these days like wow this went from Five to you know six here or whatever it is and you have to count for reverse splits But it doesn't even matter just in a percentage basis You can see that this makes big moves and then there's stocks that don't and the float is very correlated to this So, you know, I don't short anything under 2 million sometimes even 3 million float because here's the thing Then these things can squeeze the heavens and do rkda move. Oh, oh god for this MTC this move dude Who would have thought that this stock yesterday I could go from 230 to 40 to 13 dollars Dude, are you kidding me? This is why you got to pay attention to range, you know If you're shorting even dude new traders if you're shorting 500 shares down here and holding it You're dead. Dude. You're dead. You can that go about your account or make a big hit So again guys, like what's the range of a stock? This is not a heavy heavy range stock It's just not it's in the price action. It's in the float, you know, I think the daily chart is a little bit like It's a little bit like range, but as you can see Oh Like the big moves like the last time I made some big moves. They're not crazy. I just mean it's not an rkda, right? It's on mtc And you have to know these things, you know, and then there's some stock where 30 cents is a big move versus three dollars um and back to the last video, um Is you know is trading gambling? Look, we are professional gamblers I'm just gonna say that anybody that tells you trading isn't gambling as full of shit Or they haven't been doing it long enough Sometimes you just you just get screwed out of left field and you followed all your rules if it happens But I'm gonna tell you right now While a lot of this is out of our control. We are professional gamblers. It is educated risk So while you can definitely Get to a point guys where you can have an 80 to 90 win ratio That's educated risk if you can go to the casino and it just bet on blackjack hands that are You know 20 hands or 20 ones and bet after you see your cards like that always talks about Then I'm gonna tell you right now man then then That's called educated risk in my opinion So you you become the house and at least the odds are really really in your favor versus just being like hey This is a 50-50. This is a 50-50. It's not like that. That's pure gambling is um just equally, you know Equilibrium supply and demand right? It's just a 50-50 or maybe a 64 Like so the point is you really have good odds if you pick a niche stick with your niche and only play that Let's go next Wire loss is important and wire wins important a loss you lose twice You lose mental capital and real capital mental you get drained and you don't have confidence when your a plus has come A miss is just a miss Well, I already talked about this one guys earlier, but that's that's the whole thing and you take a loss You lose twice mental and real um if you just miss you're laying my face You're just gonna you're just gonna miss so that's that Tosh, I never get enough on my positions and I end up covering like a bitch Okay, use much outer lines and you're gonna hit harder So what would be your starter usually is now your starter is your second ad now hit harder tighter risk Now this is a key one This this this this this is a key one your morning trader if you are a morning trader right here's what we're gonna do I'm gonna show you guys an example Oh god, how do you There we go All right guys, so let's let's define outer lines versus inner lines right like this is this is key I have a lot of traders that PM me, um, you know a lot of the time and they're like Hey, you know Tosh like I started in too early, you know I never get enough on my position size or like like what would you recommend and i'm gonna tell you right now man There it's it's as simple as this and trading is not easy, but it's simple There are inner lines and there are outer lines now You have two options basically when trading right if you if you scale like I do I scale every trade about scales every to Alex So, you know, these are like inner lines man Like the stock opens up like down here, right? This is an inner line You can hit these or you can wait for things like this And let me change the color so you guys can literally see the difference This isn't in this is an outer line man These are these are just outer lines the stock has got to make a big move up to get to these levels. So Um, actually hold on you can you see the blue? Maybe I'll make this red or something Is that like a pink? salmon salmon color lines But that's what's there. Oh, by the way, yeah, look at this. That's why lines are important. I look at that fail right there See lines man. So look at this So look at this if you Play the inner lines And you're like hey toss like I'm gonna short a little bit right here a little bit right here Oh, and then I got squeezed out You could have just waited for the outer line bro You're scaling into the inner lines and I wish this one was like up to here and up here There'd be a much better example But these are outer lines guys and this is why is why a miss it's just a miss If you waited for this level and then while you're adding all the way up in your inner lines You're like man, I got to start here, but my average is such shit. I got to keep adding to get my average I'm oh shit. It's shit. Then you get squeezed out. What if you did this to your trading new traders listening to this listen to this If this area is where your second or third ad would usually be Make this your starter into this line and hit hard Hit hard You see what I'm saying hit twice as hard because you would have just it would have been the same as if and you would have had a Terrible average had you scaled right here in the inner lines and you would have added added added So now you're the same that what your freaking starter would be here and now you have a perfect average man Jumping into early Oleg. Yeah, that's dude jumping into early is the way you're going to lose money and tread water for For a long time bro. It's just the fact the matter man. And here's the thing Today say these these are your outer lines. You go tosh. I I didn't trade arcade or a ktx because it didn't hit my outer lines What did we just talk about? Good your discipline is intact. It was safer You you you didn't take a loss so you missed hit tomorrow And then when you're you know getting squeezed out here if you just wait for the outer lines and hit harder Then you win you here's the thing about our lines about talks about this You waiting for outer lines and waiting for the 2020 blackjack hand or the 21 and then betting Is basically you are going to be um, you are going to be in a it's a lot less trading But your win ratio is going to be so much more because when they do come guys You're literally betting a perfect hand or a really good hand when you just try to play anything Then you're just you're going to lose a lot more. You're going to be trading a lot more But you're going to be losing a lot more. So and this just preserves mental capital man It's just what are out of lines for center lines, man Why you paying attention to these and these aren't even pivots, you know If I put the pivots in here it might be a different story You know what I mean? So like there's just so many ways to incorporate lines or like your own drawn lines or the pivot lines You know, there may be a pivot line right here and that's the line you focus on you see what I'm saying And then you wait for it to get there or at least you start scaling a little bit into that level You know, so if this is your outer line Like And you know, that's a long way right say that's your outer line You can start a little bit right here like that can be your starter You still start in like right here and here and here and by the time it gets to where you should be starting in You're you're I'm filling you. You know what I mean? You're filling my orders because I'm waiting for this So now I'm shorting into your covers. Um into your cover outs So, you know me and Alex are hitting you don't be that guy. We don't want to hit you. We want to see members debate So have patience have patience next Our stops important. Why should I use them a limit stop will not necessarily get you out teleport candle Fuck you to shorts. You're doomed. It might not fill Market hard stop guaranteed fill if enough volume you're gonna get encounter some slippage. You're guaranteed safe. I don't give all right, who heard that so For anybody who is not using hard stops You have to rkda is the best example if you just short and don't have a hard stopping you're dead So here's what happens guys Here's what happens. Let's talk about this. Actually, let me just all right. Let's do this Well, that's a lot easier. Well, I should have done that a long time ago Um, here's the first two days at rkda Here's what I usually look for if I do short front side, right? If I do I want these death candle slams through v-wap I really do. I'm not hitting these right here above v-wap because they can get bought right back up This is a death candle slam, but it's not it's still complete front side And this could get bought right back up as this is support that lines up with v-wap But here's the thing if I did short this if I did Say I shorted I would have short the pop say I shorted right here I would put a hard stop Right here guys Above the death camera right where I'm getting in like this is a key level Like if there's a big ass slam and I short a pop usually it's under view off But I'm just for the sake of the yard mate if I'm shorting right here I put a hard stop here every time at least like above the death camera just over because this is a key level That if it breaks above it on a technical sense, dude, this this is going to keep going probably So here's here's what happens when you don't respect a stop Look at this. You can't predict these all the time and it takes one trade. So hard stops. I lose 30 cents. What is it 20 30 cents? Or you hold on for 90 or $1 or $2 or $3 or whatever it is guys stops are going to be the most important thing Because here's what happens man. Sometimes you get a teleport. Oh rkd the first day. Yeah, here it is. Here it is Look at this You you short right here. You don't have a hard stop in you get teleport candle guys You're screwed. If you short put in a stop long short, it doesn't matter I remember a lot of our moderators had stops and and guess what you encounter some slippage sometimes because this was a huge teleport But it's going to get you out Man, you're going to be protected and you're not going to be a deer in the headlights stuff And then it keeps going up and you're like, oh my god. I could have stopped out right here I could have stopped out right here. I could have stopped out right here. Like what do I do? What do I do what I do that happens? I've so many years of that I'm going to deer in the headlights and I'm like, oh, shit. I can't take the loss Now it's too much. I'll wait for the come to an embo And now it's double the loss. It's triple the loss and new traders go dude I was making 300 dollars a day every single day consistently and I just lost 5 000 a day I don't know why I go. Did you use a hard stop? They go? No, I said Dude, you just answered your own question, bro. You just answered your own question All right, I don't want to rant too much on that but you guys get the idea if you are not Using hard stops you are trading wrong. I'm tell I'm I'm literally gonna be as blunt as possible If you're not using stops, you need to use stops rare Fuck about win percentage you can have a 90% win rate and guess what one trade Wipe you out one two months of gains Consistency max loss on the day call your broker have them cut you off I'm only willing to lose this x amount of my account Key it ties into what I was literally just saying guys. I'm Matt. How much are you willing to risk? Are you say you got a $30,000 account? You shouldn't be taking $4,000 losses man at the most you should probably be taking like at the most 1,015 100 man, you got 30,000 on account. You're losing four grand bro. No, no, no You cannot lose that much percentage of your account in one trade. This is why max loss on the day You said not only do you set a hard stop you call your broker up and you say listen Chris at cobra, you know, whoever whoever's your guy you say bro cut me off if this stock hits $500 right on the day cut me off if it hits 30,000 a day. I don't know your account side you might be a multi-millionaire and You can weather 30,000 losses. I don't know but you have to do it in in uh Specificity and correlation to your account. So I can promise you guys if you're not using hard stops Max loss in the day and you're not protecting yourself by calling your professional brokers and saying protect my dumb ass when I'm being stupid You have to and that's what keeps you in the game forever. You can have a 90% win rate guys I don't care that doesn't matter. I traded for six years and let me tell you do you know how many months I would be green every single day for a month and then that 31st day RKDA happens. I didn't use hard stops back then. I'm a fucking ego guy, man I go like this my shit my shit don't stink. I've been green for 30 days. Hold hold. Oh fuck, but oh fucking. There's month gone You're covering here month's straight of gains short short right here Cover right here next day on the gap up up fucked my month is gone I never let this happen anymore because of the things I just said in the video to implement All right next confirmation versus anticipation I'm anticipating that a breakdown is going to happen a death candle slam through vwap Or i'm going to wait for that death candle slam through vwap Wait for that confirmation and hit on a pop back up to vwap. That is confirmation. You're waiting for the thing to happen Oh one of the most important things that could ever be talked about in trading Yep, dude. Yes Oh, cool. You just said it brother. You said not to put you on blast or anything But dude 16 day win strength and loss half on one. Yes, dude This happened to me for years, bro. I literally thought I was like a fucking king trader. I was like, man I'm awesome. I'm the shit my shit. Don't stand to them. Boom kryptonite You're just like holy shit Dude, it's like show me where they touched you on the doll like I'm not kidding. Yes I'm sorry guys like I'm not trying to be too funny or anything But I'm telling you right now. This is a very serious topic if you are you've got to protect yourself If you're losing more than two Maybe three days of gains in a one loss you are trading wrong and your risk You don't have risk management your risk management's out the window and you're going to lose You're going to tread water for years and I promise you you're eventually going to fatigue out and have trouble in this industry I'm blunt as I as they come baby. I'm going to tell you what works. I'm going to tell you what does it You are green. So, oh, here's the thing if you're making 300 dollars a day every day You start losing any more than 900 in the single trade. You are trading fucking wrong Wrong you you start taking a $1,500 loss of $3,000 losses You have to get on some calls with the moderators You have to learn how to trade and how to apply risk management. You are trading wrong I'm very direct about that because I was trading wrong for years. I was trading right I was trading right when it came to patterns. I was trading right most of the time, but that 31st day, bro Your win ratio doesn't mean jack shit Oh, man, I hope there's not like 15 year olds in here. They're like, man, mommy, this guy teaches good information, but he curses Sorry guys, I'll try to I'll try to be a little bit more relatable to the young audience Um, I forget that not every trader is like a 45 year old dude, uh with his own house Uh, let's see. Um What next what next? Oh, so what what was the last one I just talked about guys the last one that just came up, um Shit, I gotta watch it myself. What was the last one? Hold on ones that let me just get reminded Confirmation versus confirmation versus anticipation. Okay, so here's here's a good one rkda today These are my confirmation. This is a huge one So if a stock is up or it's in backside and I'm waiting for massive confirmation This is a big one for me I love the death candle slams to review off this tells me that longs in that second are really in trouble now Given certain times a day not in the last hour. I'm not looking for this in the last I'm just not getting in here and not usually on multi-day runners But if you know, if this is a day one and we're in the morning or midday and I get a big slam like this That's what I'm looking for. That's what I'm looking for. Now. What's the comparison? That is the confirmation and let this happen first and then I get it on the pop You know, maybe when it comes back to be off or whatever for a lake back down Then, you know, ideally we the pattern follows suit and we get a laid down the next laid down So right here a good example of anticipation Is uh, what is it iea? Yeah A good example of anticipation is this I do not sure when it breaks the walk like this and this is just this is not convincing This is if it goes under view off. Yeah, that's technically a bear sign technically But you know the trend's still intact and this is the thing. These are little triple downs This is like let me put my pinky toe in the water. No, I want someone to cannonball, bro I want it to go down here break these neck lines break supports on the way down and then but people got to panic everything in trading Down to psychology and human it's human emotion. It's panic. What are you taking advantage of on the next move a squeeze They're taking advantage of all the shorts panicking out What are you taking advantage of on a death can or a waterfall candle slam Is that any looms who chased above VWAP or right here over a key level are panicking in the moment So the next lay down I'm going to take advantage of that. It's going to be quick. It's going to be concise It's going to cut like a knife All we're doing is playing panic people's emotion. You're taking advantage Of people's stupidity as as mean as that sounds as immoral as that sounds whatever you want to You know, jot it down to that's why I like morning trading You know, there's a lot of stupidity in the morning because that's when retail is involved in a lot of less funds a lot less big money is involved and that is the time that all of us and all other people and dumb dumb traders who know nothing on forums on you know, um Yahoo finance or like trying to guess what the stock is going to do. They think it's the next apple and cure for You know hepatitis c Simpli, you know herpes simplis and it's not man. It's not they don't know these things So you got to Unfortunately our job every dollar lost is a dollar gain or every dollar gain is a dollar lost Someone will lose on the side that you're winning. It's just it's inevitable welcome to life You know, even nature is very cruel, you know a beautiful animal could be walking through the You know the jungles of Bali and then get eaten in a second And that's you know, take advantage of stupidity is is as harsh as that sound, but I'm very black like I said All right, and then last one It's a patient I'm anticipating that a breakdown is going to happen a death candle slam through vwap Or I'm going to wait for that death candle slam through vwap Wait for that confirmation and hit on a pop back up to vwap. That is confirmation. You're waiting for the thing to happen How do I stay safe on the short side? Don't short phase two and three Uh biotechs no major acquisitions big names attached and anything under two million float. Those are my personal rules Number one I do not short phase two and three biotechs, I think they're very dangerous They have a way of coming back. They really do. Um, let's watch this first And this is this is really making a move. Check this out. Okay This is really making a move guys and guess what the tell was guess what the tell My volume thing that's the tell watch people are going to start tea I've never heard this talk about ever and people are going to start fucking teaching us I know because I'm like making webinars off this like Like people are going to start being like, oh, you know, 40 volume level now It's breaking now watch for a reversal I know it. I just know it because I've never heard anyone talk about this This is what I look for that 40 level guys. It starts really breaking this level I'm telling you it makes big moves and this is why I stay safe And I do not hold like I used to because I figure things like this out Actually on my own I just man you you watch enough screen time and you start really understanding some shit. Um Josh how about those moments that need a reaction over patience? Well, well, we could we could talk about that Yeah, I'll talk about that a second. Let me let me just clear this last bit up is I don't short phase two and three biotechs I do not short major acquisitions, you know, apple is trying to acquire ak tx. I don't want any part of that man That's a huge company, you know billions market cap. I'm not why are they looking to acquire, you know XYZ that's you know 20 million market cap I'm not into that and then and then lastly a big name attached, which is kind of the same thing But it's just any time a big name is attached. I'm not interested let alone a major acquisition We're looking for a choir XYZ. I don't even like when you know Fuck it. I don't even like when targets like hey, you know, we just brought this into our line of products You know, sometimes if the patterns there I will trade it, but I don't like big names attached man whole foods and um What was that? BLNK way back in the day. I think that was the same one like whole foods started putting charging stations for I think it was this stock BLNK started putting it's not even trading really anymore, but man back in the day, dude This gave us a fucking headache. This gave us a headache, bro. I think it was Think it was wasn't this room I can't remember. Maybe it was this run or wherever but man We I remember me and a lot of guys were who didn't use hard stocks back then and we got smoked man BLNK really really um Shined their light on us because here's the thing man like whole foods was looking at this company and you know BLNK and they put like I think car charging stations in like their parking lots or something and BLNK was making those charging stations like Just the fact that whole foods name was attached It just brought in so many people who are uneducated and in in trading retail And it's like it's like your grandfather or your dad that like goes to work But before he goes to work you check stock quotes, you know, there's nothing and he goes man That's some really good news. I'm gonna along this and then you know enough people do that supply and demand and that stock, you know Gotta be careful right you gotta be careful All right, so that's the video that's kind of what I wanted to cover guys now I can go over a little bit more of like, um, like questions and stuff, but let's see if uh Let's see so Yeah, so reactionary moments, so I do a lot of reaction trades. I do this is a reaction trade This is not necessarily a fan. So there's fantasy orders, right like your um AKTX Like this is a fantasy order right like in the morning like what are fantasy orders? You know, I see the breakdown pre market It's opening up very hot very far from its eyes and drawing my lines and I'm maybe placing fantasy orders right here I they're already preset before anything. So fill fill fill and then boom, you know, whatever That's a fantasy order But a reactionary trade is if this was to death candle slam through VWAP right here Then I'm just waiting for that and then I'm slamming so these are my entries. I'm next pop That's the difference. That's the difference. What's a you know, very planned out Move or what's a reactionary trade and that's a very very good understanding of that Yeah, and then uh, let's see. I uh I miss anything Sorry guys. I'm just I just went on a huge rant. I was trying to give you guys like time to answer ask questions and stuff Yep Latest market sentiment one stuck to that. Yep, talk about that. Um Yeah, so you I mean But I've been talking for an hour and a half you guys have any kind of parting questions or anything that you think I need to cover or We covered a lot of stuff today man a lot of good stuff. I think hopefully you guys hopefully you guys learned something In part someone's done my hope Yeah, thank god. I had a coffee before this man. I was tired as hell today So that coffee really sent me through the roof on Tuesday um Yeah, L. Coolie just uh, just every Wednesday brother every uh, every Wednesday, um, two p.m. And I do I Record the q&a. Oh, look at this dude. I'm telling you. I'm I'm telling you man This volume trade. This is why I well, this is why like I said guys I don't touch anything in the last hour had this been midday I might have channel traded it but this is why I don't trade last hour and this is why I also do not trade if it if it starts really making moves above that 40 volume level Look at this bullshit Or or reverse engineer reverse engineer for a long guys that this starts doing that over the 40 level that could be a hell of a move So again, man, like there's so much stuff that you can just start gauging in High section and volume. This is why I put so much importance in but I love volume and I think volume is a huge Huge indicator. I think the only things you need Literally, this is the only thing you need on your chart. You don't need bull in your bands You don't need rsi and all that stuff You need the chart you need b-wap and you need to read volume. That's that's how I do it, man And that's how down I would do it. That's all you need really you can get fancy with other stuff if you need to but I'm not wouldn't um Yeah, buddy. Yeah, I actually didn't place any trades today. I'm trying to just feel out the market My my go-to is the first red day like rkda and wire id yesterday and like things like dmpi But um, oh dmpi Let me just do let me talk about this for a second. God damn This is the easiest play in trading in my opinion. This is my number one bread and butter setup Um, I just this is just my opinion guys. I mean like dude. This is are you kidding me? It doesn't get easier on the short side for me on this This is a sympathy runner to things like rkda or just chasers in general because the market's coming up And then here's what happens this freaking thing dude starts running on really no catalyst There's farmer, you know, like pumpers involved whoever it is. I don't care. It is just a pumper involved And here's the thing man. Just when longs think that this is a good long boom That's the confirmation. I'm talking about guys. This is what I look for every day of stock That's on its way up and then longs go last minute. They go, you know what maybe we don't long this boom Slam slam slam add add add and then my risk is to the top of the def can only if it goes on I'm not trading it again. Simple simple simple trading is not easy, but it is simple So I'm waiting for this every day. So it goes up up up up. No catalyst. Not really sympathy. It only makes it better Slam candle through veal off the bigger the candle. I'm slamming lows I'm adding all the way up to with an ultimate risk above this I am willing to risk a lot of money on these because The win ratio is very good for me at least and I'm used to these so you know with things like this, man I'm slamming lows. Dude. This comes out. I'll hit here here here here and I will give myself some room and then this Just above ultimate death count. That's the ultimate stop man. It goes above this. I'm not touching and getting that deck. I don't know Hey, yeah, that's okay. I'll like just be careful of that man. Just just watch because like this is a This is just not a good stock, man. And if you go to the daily chart, this is just shit. Dude, look at this down down down down down down Down each the last like three days it went up wake up wake down. This is just this is terrible. Oh my god Did anybody pay attention to Look at this Bullshit. Oh my god. I didn't even I was just talking. I didn't even notice dude You short this yesterday like this is the type of shit. I would swing You know when you touch this and you got great average making super super new lows in the close Dude, you sometimes you just wake up to heaven on earth and you wake up to this year That's practically an offering in fact it may be like what was the fucking I didn't pay attention to this that Whatever guys I'm wrapping this up but I can figure that out later But my point is it's just figure out what works for you guys and just rinse repeat every single day Um, how do you stop yourself from revenge trading? You just ask yourself man. You look in the mirror Clement. You go. Hey, dude. Do I want to keep losing money? No I give myself Two losses a day if I get in well, here's the thing You know, I've got a very proven system that works for me If I do the first one and I short right here and it goes back about the death canal above this line And I'm cutting it, you know, I'm cutting it. That's that's strike one Then it doesn't have to dead death can or death line doesn't work and strike two. I'm done for the day close up Man, I don't want to lose any more money. My psychology can't take more than two losses a day You know, I mean, then there's something I'm like, what am I doing? So again, man, if you want to lose money, you won't lose twice and just keep going and going it Nah, dude, just next day. Thank you Thor. Uh, thanks doctor. Yeah anytime, man Uh, oh that yo, yeah the lost man Dude, great stuff. Thank you guys. I'm gonna end it right here because I'm absolutely white And my uh, my voice is shot But uh, six stuff today guys, we'll do some more stuff next week and now that I got charting up We can just talk about things like this and what I look for how to stay safe or whatever I hope you enjoyed that video and then you can watch it back. Um, yeah Thanks buddy. All right. See you guys Hey traders, this is tosh I go by t bradley 90 in the my investing club chat Just wanted to reach out and say if you have any questions about m i c joining m i c Maybe you're a member already. You have three ways to contact myself personally and through m i c You can hit our social media You can hit me through pms in chat or you can contact us through my email at tosh at my investing club.com That's tosh at my investing club.com I will get back to you in a timely manner and I'm saying this because I'm here to help And I don't want anybody to be afraid to reach out and ask any question that they have We are here for you guys. All right. See you guys