 What's up, Rich? All right guys, I'm gonna get started We clean up the lens and then we'll take it What's up everyone today is Monday today's YouTube live day So if you guys don't already know every single Monday at 11 a.m. On the dot I make these YouTube live videos and I've been getting a lot of comments in the video saying why is the video so low-quality Why aren't you guys not taking it seriously and to be honest guys? We like to do everything raw We like to do everything real, you know, I just finished trading 30 minutes ago, and here I am on camera I'm not spending a week to get some fancy lighting or fancy camera. I'm not putting up a PowerPoint presentation to explain my trades I'm trading and immediately after I'm coming on camera, and I'm talking about it. That is the rawest form of trading Because everything is still in my head So for those people that want more higher quality videos You could go to the scammers that spend all day in the makeup room and all day in front of the camera Talking about bullshit. Whereas we do it immediately after so that's just the way we like to do things That's the way we've done it forever, and I'm gonna keep coming outside. I'm gonna keep walking Because this is what I like to do You know M.I.C. started because it was a passion that we had So I mean this is the way that we want to teach. This is the way that we want to show you and If I really wanted I could say bye-bye M.I.C. tomorrow, you know, I'll still be doing fine So we do this to help you guys. So I mean at least listen to the help anyway, so One thing before I get started is if you go to our website myinvestingclub.com On the top right of the website, you'll see a button that says free consultation So what we're doing is something very unique and very special So if you click that button free consultation You could literally get on the phone with one of our mentors and one of our moderators Tosh To schedule a call to see if M.I.C. is the right fit for you or to see if trading is the right fit for you There's no strings attached. There's no price. There's no nothing This is just our way of once again helping and giving back to the community because not a lot of people should Know if they should start trading or not or maybe a lot of people have questions about the stock market before they get started So click on that free consultation button on the website Reserve your time slot for a free consultation because there's limited time slots every single day So check that out guys. This is something that's brand new So let's talk about the market today guys. So The big headline today Is that the Dow Jones is down like a thousand points or something like that, right? The overall markets are tanking. What the hell is going on? How do you protect yourself from the overall markets tanking? And the truth of the matter is guys, this is totally normal Okay, the market moves in cycles There's going to be cycles where the longs are dominating and there's going to be cycles where the shorts are dominating It is the same thing for small cap stocks as well There's cycles where chasers are making all the money and there's cycles where chasers are losing all their money So on a slow market cycle or on a market cycle where the overall market is tanking You shouldn't be trying to get out of your comfort zone and start trading this stuff If you're usually trading small cap stocks You shouldn't be going and trying to trade nvidia or facebook or netflix just because there's extra volatility What ends up happening is people get out of their comfort zone People trade outside of their niche because they think they see an opportunity And you end up losing more money On a market cycle where the market is tanking That is the opportunity that you have to start investing into long-term stocks So for example, let's say you have an extra $10,000 in the bank, right? And that $10,000 is getting you 0.001 interest Well, maybe instead of putting that $10,000 in the bank when amazon goes down or when apple goes down You could buy these companies as a sort of retirement or as an investment or a long-term hold Doesn't mean go all in doesn't mean bet the house on these companies But long term what I like to do is I like to funnel my money Outside of my day trading account and put it into longer term stocks I know for a fact amazon is not going anywhere in the next 10 years I know for a fact facebook and apple are going nowhere in the last in the next 10 years Doesn't mean I'm going to make 10,000 percent like crypto But every single year if I can make 10 or 20 percent on that, you know, it adds up So when the market is tanking when the market is going down That is your opportunity to start investing in long-term companies that you know have value Not fucking dogecoin not fucking bitcoin companies that you know have value So use this opportunity to maybe build your long-term wealth rather than your short-term wealth I take my money and I like to invest it. I put it into the stock market. I put it into real estate I put it into smaller companies. I want to be able to grow my money So when these When the market is tanking when you see all these headlines like the Dow is crashing The s&p is dead all this stuff a trigger should go off in your head and say, you know what? I want to be able to take advantage of this panic I want to be able to start putting some money aside Because hey, maybe in a year or maybe in six months You're going to find out that amazon had an amazing christmas sale and the stock is going to go up Stuff like that guys. So start to think differently Don't be part of the herd. Don't be part of the sheep that is buying these stocks at dead top Buying these stocks at all time highs Wait for dips wait for opportunities like this and start to build your long-term wealth. That's number one Number two is what happened in the small cap world Two weeks ago You could buy any small cap stock and they would double and they would triple and maybe even quadruple It didn't take a genius to make money in that type of market But all of a sudden everything is changing Now why is everything changing and how can you profit from it? Well, it goes back to the first thing that I talked about in this video market cycles We have been in a market cycle Where amc is hyped up Where a game stop is hyped up Where m r i n is hyped up. Okay And oftentimes these these these hype stocks do not freaking last Okay, so what ends up happening is every single person that missed out on amc is buying game stop Every single person that missed out on game stop is buying m r i n Every single person that missed out on m r i n is buying bl i n And sooner or later the momentum is going to stop the momentum is going to change The longs are going to lose their edge and the shorts are going to get their edge And that's why we've had a crazy market the past couple weeks Last week I made $99,000 on the week And the reason why is because I recognized that the longs were no longer in control The shorts started to be in control And I started to size up and take advantage of that opportunity But now this week it's getting a little bit more different And the reason why it's getting more different is i'm starting to see these stocks trap more I'm starting to see these stocks ramp up at zombie times I'm starting to see these stocks go crazy And because they're starting to go crazy it tells me that the market cycle might be starting to change again The way it works is longs start to get too greedy They start to buy everything and buy everything and it stops working Then the market cycle changes the shorts getting too greedy They short anything and everything that's up Even if it's up 5% even if it's up 10% they short it because that's what's been working And right now as a short seller i'm starting to feel myself get greedy And because i'm starting to feel myself get greedy because i'm starting to see these stocks trap A signal goes off in my brain and says you know what? Maybe the market cycle is going to change again Maybe something is going to happen where the longs are going to get dominated Because the shorts have been too greedy And it always happens the same way It happens after one stock starts to squeeze like crazy The last the last two market cycles went like this AMC went crazy it went from 10 to 70 And mrin went crazy it went from 2 to 30 So when we get this third runner or when we get a new runner that starts to go crazy That is going to light up the market cycle in the longs favor So until then the shorts are still dominating But be aware that that signal that the market is changing Comes after one big squeezer One big squeezer comes It catches everyone off guard After it catches everyone off guard people are like i want the next one I want the next one i want the next one and they start closing their eyes and buying And the cycle repeats This is the same thing in all types of market Okay, it's the same thing in small cap stocks. It's the same thing in large cap stocks The key is how to identify What triggers to use to identify And to be self aware enough To not Ignore the action Does all that stuff make sense guys that stuff took me about seven years of trading to learn And I just gave it away right here These videos are like my own mental diary I share all these things as much as I can because I go back and I watch my own videos I go back and I look at how I traded. What was the market doing six months ago? What was the market doing three months ago? What was the market doing a year ago? And what can I do to take advantage of that to make even more money? Last year I traded for only one hour a day guys And the reason I traded for one hour a day last year is to prove to you that our mic process works If you follow our process if you follow our routine if you follow exactly what we are teaching you In one hour you could trade and you could walk away this year I did the same exact thing But now I'm up almost double Now why is that? The truth of the matter is there's just been plenty more opportunities this year The same strategy is working the same process is working But instead of two stocks moving every day Now there's three or four stocks moving every day and I'm able to capitalize on that So at this point, I think I'm up 1.6 1.7 million People always ask me. What's your goal? What's your goal? What's your goal? My goal is to be fucking green man I don't count my money until it's in my bank account. So until the money is in my bank count I don't fucking count it And luckily I've wired 90 out of it already But the truth is guys if you are so If you are so hypnotized by the money If you are so hypnotized by what the results could give you You forget that to have those results. You need a process I wake up every single day and I I don't say I want to make seven thousand dollars today I want to make ten thousand dollars today Shit man. I want to make a hundred thousand dollars every day But the problem is there's not opportunity like that every single day So what my brain has shifted to tell me is I want to show up And be as disciplined as I can So that long term I could make money. That's it Our mic process works guys. The problem is human error I see so many people making money 10 times in a row And that 11th day they call up their broker and they say take off my max loss Take off my hard stops Take off my max size and they fucking blow up You know how ridiculous that is man? That's like saying when you drive Yeah, I'm going to buy this Ferrari It's going to cost you 250,000 no problem. I'm going to probably be driving it around the track all day I'm going to be racing maybe driving a hundred miles an hour Maybe fucking taking some crazy turns, but Before I buy this car. I want you to remove the airbags Imagine saying that to someone The thing that's keeping you safe The thing that's keeping you alive Just in case god forbid there's a mistake You're saying I want that removed To me, that's lunacy To me, that's fucking crazy To me that means that you're not understanding it The hard stops the max loss the broker limits are there to be your seat belt To be your airbag to be your fucking parachute Would you jump out of a plane without a parachute? Would you drive in a car without seat belts or airbags? So why the fuck should you be trading without broker limits guys? No one talks about this shit because all they care about is you buying their alerts All they care about is you buying their fucking market orders. All they care about is fucking pump and dumps But as a professional trader as a trader who's making millions of dollars a year millions dollars I am using these seat belts I am using these airbags So why the hell are you not using your seat belts and your airbags? I want to do this guys. I want to do this I want everyone that's watching this video To go to your broker And ask them to give you a max size Per share A max loss And a max daily lockout After you do that Send me a screenshot on twitter And I will reward you guys with some sort of bonus I have to bribe you motherfuckers to start doing this shit And if it means that I have to bribe you I will fucking bribe you So contact your broker today Install your seat belt Install your airbag Install your parachute And after you do it send me a confirmation on twitter so that I know you're not bullshitting Maybe I'll send you some swag. Maybe I'll send you fucking 20 bucks on venmo I don't know whatever my fucking mood is I'll decide but the point is guys do this for a week Do this for a month And all of a sudden you're going to start making enough money to get yourself a steak dinner every single day Okay So I have to bribe you motherfuckers to start being safe And the point is guys the reason why I do this is I don't get anything in return For helping you guys set up your broker limits I don't get anything in return for letting you guys set up your max loss or max size The reason why I'm telling you guys because I've been there I've done that I have been the fucking schmuck that's changed my broker limits I've been the fucking asshole that said take off my max loss And you know what I fucking blew up when I did that shit And now I'm sick of it now I don't deal with it and now I know that it is there to protect me And if your broker doesn't have any max loss or max liquidation or max whatever You're probably at the wrong fucking broker guys. That's just the damn fucking truth If your broker does not have these protections if your broker does not have these fucking Variables if your broker doesn't have all these things You're at the wrong fucking broker guys Your broker should be your partner. Okay, they should be your fucking partner They want you to survive as long as possible so that they can make the most fucking commissions off of you But for you to survive you need seat belts. You need parachutes So if a broker is smart, they will have all these things to help you because it is in their interest long term Because that means you're a trader for long, which means they make more fucking commissions So think about it guys think about it if your broker does not have this stuff What is their agenda? Are they really your fucking partner or are they there to screw you? My broker is my fucking partner Cobra is my partner They want to see me succeed as much as I want to see myself succeed Because they make a lot of fucking commissions off me But those commissions end up keeping me safe because I have a max size I have a max loss. I have an auto liquidation and I tell them to fucking cut me off at 10 30 So my broker is helping me and your broker should be helping you too So guys i'm just trying to hear i'm trying to be here to help you guys I get nothing in return for these videos if one day I decide to stop doing youtube lives or stop doing m i c overall It could happen right it could happen The point is that we are here to help you guys The point is we are here to just share with you our journey I've made every single mistake in the book I've made So many countless errors And now as a trading mentor my goal is to have you learn from these videos So you don't have to make these mistakes again I've made every mistake that you've made now and I've made every mistake you're going to make in the future So watch these videos listen to these videos Learn from these videos And do something about be proactive Enough is enough enough is enough. I see so many people making so much fucking money and then giving it all back because they get an ego So many people want to get rich But not enough people are doing things to stay rich Anyway guys, do you have any questions? Let's do a let's do an audience Q&A right now. So maybe I can answer some of your most Um, some of your questions Maybe I can understand a perspective of the way that you guys are thinking Maybe I could kind of help you guys one on one So let's do it guys. Let's let's start to do a audience Q&A here. So let me Start to go back and then let's start And no, I'm not homeless No, I'm not fucking living on the street. No, I'm not putting on fucking makeup Is what a fucking millionaire working from home looks like Hey, Alex, I always wait for fantasy lines and I focus away from the hot chick and focus on nail and bailing With this mind and the cycle changes. Do I keep it the same? Keep it the same brother Keep it the same that is a process that is time tested So keep it the same and keep doing what you're doing 4k cash account cannot do anything. I keep losing money with Ross Cameron strategy. If you keep losing with that strategy, why the fuck are you still using that strategy? That's that's wild I'm an MIC member and I am unable to execute You are probably unable to execute because you have no plan You are too scared to pull the trigger because you're winging it Start to make a plan entries exits. What happens if things go right? What happens if things go wrong? Talk about getting borrows, please. I mean you wake up and you borrow shares. I'm not I'm not sure The live was gold. Thanks again for the Yankees tickets last week. Oh, yeah Yeah, man, I forgot bow's gonna post those pictures on Instagram But we gave away Yankees tickets last week to our MIC members and they had an awesome time So be on the lookout for that on instagram today How can I get a month free trial? You're we don't do trials anymore. We had an opportunity to do that Well, we don't really do that anymore. Try it out for a month guys text tosh 2 1 3 4 5 8 5 9 9 7 he will give you a discount Not sure if you mentioned this already, but where can you sign up for the third annual boot camp? The third annual boot camp sign up will go live probably in about a week or two It's going to be on august 17th guys It's going to be a live trading event So that means that me and bow are going to be trading live on camera Mentoring you guys live on camera and we're going to have presentations from our mods 2 1 3 4 5 8 5 9 9 7 is the number to text Do MIC members go long as well? We have two long biased moderators harry and austin and they go long all day long and bow goes along the hot stocks of the day You guys are watching us for free the best education out there and you guys are talking about other rooms You guys don't deserve us. That is true my friend Any boot camps coming to nyc So right now we're not doing in-person boot camps because of covet But we are going to start doing those soon. The next boot camp is going to be virtual Would I ever consider a small account challenge for a month example a $10,000 account? No, because I am here to make millions and millions of dollars I've already proven that I could grow an account I grew my account from $2,000 seven years ago to millions and millions of dollars now And right now i'm not trying to make $500 a day to show you that i'm real I'm trying to make $7,000 a day $10,000 a day and build a fucking empire man Anyone that you see doing a small account challenge is doing it for marketing doing it for promotion. I don't give a fuck I took a $30,000 account to 112,030 days That's your small account challenge and you could look that up if you want go on youtube write my investing club Uh How I turn a $30,000 account and then everything should show up No, I will not do a small account challenge from a bus What was the first setup that I focused on when I started seven years ago? There's the last thing that I'm going to talk about If you look at um a daily chart like staff Now this is a secret I looked what I was doing when I first started is I was looking for an edge And what I found on a lot of these companies, especially companies like staff is if you look at the daily chart Every time that it pushes up it comes back down The wick happens on the same day So if you look at the daily chart, you could see that it wicks up and wicks right back down on the same day So what I was doing is I was specifically Patiently waiting for those stocks that on the daily chart They would wake up and come right back down and anytime I saw a stock like that That was my a plus setup back in the day and that was the trades that I sized up on So that was the only strategy I knew when I first started and that strategy still works now The only difference is I've expanded my playbook and I'm doing a bunch of other stuff So when I first started I was looking for companies that would go up and wick back down And that was kind of my edge back then so Anyway guys, I'm going to call it a day now. I have so much more work to do mondays on my busiest days I remember the broker limits Take a screenshot send it to me on twitter and I'll send you some sort of fucking bribe But that's about it guys. So I'll see you guys back in the room. Thank you guys for attending And if you guys have any questions Throw it into the chat. So thanks guys