 Number one guys is our meet-up in Utah is in two weeks less than two weeks So if we're gonna be all going to Utah guys, it's your chance to meet me bow the MIC team, you know talk trading We're gonna be having a meet-up. We're gonna be having a big after-party. It's a hundred percent free to come We don't charge five hundred thousand dollars a ticket. This is the last event that is going to be free So the future events we are going to start charging because it costs a lot of money to rent these venues and rent everything so Going forward. This is the last free event that we're throwing So how do you come to this free event? You go to my investing club comm slash meet up There's a registration form you fill out the registration form and boom. That's your ticket That's your entry into the free event. We're gonna be talking trading. We're gonna be talking Small caps large caps some investing stuff everything and anything that has to do with trading And you know, this is your opportunity to meet us guys So you're gonna meet me bow the MIC team and remember trading is very lonely so if you don't really have many friends that understand trading if you don't really have many people that know what you're going through all of a sudden You're gonna be surrounded with a bunch of people that Understand what you're going through love the same topic and if you're shy you guys have something to talk about which is trading, right? So that's gonna be August 19 to 21 my investing club comm slash meet up in Utah. So we'll see you guys there Yep, yep, whoever is not going you guys miss the biggest best event of the year Guys to me. This is not just about stocks about meeting great people making friendships above and beyond stocks guys Yeah, some of the people that I've met at this meetup have become, you know, lifelong friends You know most of the moderators that we met came to these meetups and you know, we all just stayed in touch We all became friends. We have a ton of moderators coming. We have Tom diesel coming. We have Harry James T Edson we have pretty much a lot of people coming back. So it's gonna be awesome awesome event And it's totally free no strings attached. You don't have to pay for anything is your chance to come hang out with us So that's that Number two guys is I've been away for about ten days. I've been just dealing with some personal stuff on my family side So I'm finally back today. I'm finally back on my home setup over here feels good to be home feels good to be back But while I was away that was telling me that the market went crazy so It seems like it seems like I have this magical talent of whenever I go on a trip the market goes crazy I have no idea what happens is I have the good thing Alex to be honest. We're short sellers if you stuck around Man, dude, it's fucking insane. I never seen so many zombies in my life. I never seen look at O. S. T. Bro Yeah I'm seeing also guys. Let's talk about Tom. That is pretty much every day during the zombie Man, this is what's keeping us alive guys Yep, yep, yep and the thing is guys like we created these rules like the zombie rule because that's what was causing us to lose over the years Right, we recognize that you know this market for whenever it's euphoric like this You know is not really beneficial to shorts that are holding for an all-day fainter So let's talk about what happened, right? So why did the market do this? What happened to the market? What triggered this? We've been in a bear market for almost 10 months now for 10 months straight The stock market has been going straight down and the people that I've been shorting have been making a lot of money What ends up happening guys is it all it takes is one? crazy stock To give people confidence That the market is rebounding and the market's getting better and it allows longs to be more biased because if a long Buyer's trader is seeing that every time they buy a stock it tanks They're going to be dissuaded from buying the stock But when there's that one stock that just keeps going straight up straight up straight up which is HKD That all of a sudden you have the crazies HKD's from Chinese IPO scam You know went from five dollars to a thousand dollars Triggered a bunch of other crazy stocks to go wild. So now we're in a market cycle Where? Longs are dominating we are in a market cycle where people don't care what stock is moving They just want to buy it and we are in a market cycle where stocks are squeezing further than we could expect Because shorts have been so biased for the last 10 months for the last 10 months straight Shorts have made money for the last 10 months straight They've been getting bailed out and now when the trend has changed when the market cycle has changed to Have the shorts winning now the longs are winning in this market cycle It takes some time for people to adapt and that's why we're getting all these crazy I think what happens is the same thing man when you When you least expected shit happens, so you have to be on your guard all the time So when we talk about this is all hindsight obviously, but at that time you don't really know that this is happening, right? You only happen after you fucking lose your ass a few times realize old shit the market change But during that time the ones that have risk management survive Right, the one have proper risk management. Don't know that the tide has changed And so they blew up and then they look back all fuck. I fucked up Yeah, and also he's not to get too biased about someone DMs bow on Twitter a week ago And they said hey, I'm short HKD at 50 bucks. I think it's going to $10 That was like, okay, what like whatever you say and all of a sudden he's going to $80 This is you can't make this shit up man. I got some of it I'm not gonna tell names, but I got a complaint because we know we this is a good thing This is a we didn't talk about a success rate as much today, but uh, so he's using success trader any he's shorted HKD overnight Okay, and he got bought in at $51 That day $51 and then he's complaining me. Why did I get bought in? I'm like dude the stock's a 70 bucks, bro He's like it's going to $10 bro. It's going to $10. I was like people have People complain about every fucking shit. I mean, I don't know man I mean people could play he got bought in at 51 bucks the stock went to 74 bucks and He's complaining and now the stock's at $1,000 So I don't care what you say. So sister air safe his fucking account. They covered him at the low So, you know, and so the point is like sometimes you get really lucky guys and it's very important I want to tell you a story man. I want to fucking bash any brokers, but Buy ends the people that work at the brokerage is know which stocks get bought in and if you are with a crooked broker They would use that against you because they will buy you in so what they do is this man I want to fucking say shit by anybody, but They're crooked brokers that run the stock up with their own fucking shares so that they you they can buy it So they're using their work So let's say like a stock like XYZ is a 10 bucks and there's a buy-in They would move that stock themselves up to 11 bucks and sell it to you to cover Yeah, they because they this is insider trading was legal right because they fucking Part of the brokerage so you have to be fucking very careful with broker you in guys because when shit like this happens You don't know what prices that they're buying you in so it's a sensory actually bought him in at $51 at the low of fucking day They could easily held this fucking stock with 74 bucks and 74 bucks and it was it because when you wake up what happens this guys You know you you wake up you see your shares gone I was like what happened you said oh The clearing for him took it so that they can bought it in and so my old broker like two brokers ago Did not give me the opportunity to cover myself. I was screaming left away So what happened they do a T-walk the time waited volume so they're fucking you have an algo that benefits them Does they they're not because what happens? They're so many people did not they're not they don't give a fuck to cover you Look because there's like a thousand people being bonnet. Yeah, okay, but what's this that's right? I mean, dude, I don't know what happens about it at the low of day So I don't say anything about any other brokers guys Oh, I'm not claiming that they're crooked or anything but be very fucking careful man The shit that goes on in the brokers have fucking no idea and this is what me and Alex Started to find legitimate brokers that will not do that kind of shit HAD man, this is what happened a shake the got bought in at that day It went from fifty dollars 75 fucking dollars man. Yeah People like a fuck and the problem is guys these moves that happen like HKD are usually failure to deliver So what that means is that say there's let's say there's a thousand people that say there's a thousand shares short Whatever, let's say there's a thousand shares short What ends up happening is the broker cannot find those thousand shares after the T plus two and they're like You know what if we can't find the shares we have to buy them in So these stocks people ask oh who's stuck who's stuck who's stuck to be honest It could just be buy-ins and covers and all this stuff We don't really know the point is guys the point is that you can't get too biased this trader at $50 set ten dollars is coming He's crying. He's crying. He's crying now one thousand dollars. Who knows if he's still fucking alive out there He might have fucking jumped off a bridge. You never know what this shit, right? So you have to be very careful guys with your bias and that's why we talk about today's video Which is how to trade stocks like HKD. What's the answer about I don't believe it's about the bias You can have any fucking bias you want is the risk management, right? It's fucking everyone's bias, right? But the problem is are you overly convicted are you you have if you're overly convicted you will die You go down with the ship and that's not what trading is about right you can be biased all you want You need to be able to know when you're wrong get the fuck out and that's part of the risk management Yep, so that was the best way to trade stocks like HKD So we see stocks and HKD moving and then we have stocks and APD and VR a X MGM OST Amtd was the best way I avoided I screamed on my guys do not fucking touch this shit You will fucking blow up especially on day one. So exactly what happened No, we were sitting you're you know, you're fortunate you fucking left You came back when all these died, but then during the week man during the week Day one you imagine these things are running like crazy. You you step on the landmine. You're dead So the only way to trade these guys is to not to fucking So you need to know what's within your niche and what's not you have to be able to realize dude I'm not gonna step in a fucking Landmine because what happens is this so this is a this is a really difficult It's not having a sector playouts Sector plays would be like if it's coven so all covis stocks, right? Yeah, where the shippers all shipping stuff. There's a random IPO They're running every fucking IPO the reason they're running all these IPOs is you know what there is no float out there Yeah, there these IPOs are fucking their their health So who the fuck knows what they're doing with the fucking float imagine you have no fucking float out there And that's what HDD did so the only way these guys are being able to cover is If the fucking guys is pushing the shares out and you know what the fuck is correct And the thing is guys when you see stocks like HKD going from you know 200 300 400 500 and then you see at a thousand if you see HKD at a thousand That's not your signal to buy a MTD at eight and think that's gonna go to 80, right? That's not that what you have to realize guys is a lot of these stocks for the next week or two are going to be Pumped as the next HKD like QNRX about you remember fucking QNRX today QNRX today was a pump That went from let me put the chart up pump that went from eight dollars to five dollars So for the next week we are going to get stocks and runners and things that say you know what? This is the next HKD and nine times out of ten is not gonna be the next HKD and that is what we capitalized That's what we make money the best way to do it guys once again is to just not trade these It's better to make zero than to fucking fight with with something I mean especially if you're a new trader don't even fucking look at this shit stick to your niche stick to the broken stocks Fine if you're shorting stick to the broken stocks if you're a long-buy straight up buy it by it means just go in Now these long stocks right zombie times, too That's what we teach. There's we have members in MIC guys that don't trade for the first hour They wait until 10 30 and they just go long and they make us look like idiots for working so hard all morning, you know So that's the thing man. No one to go long. No one to go short So shorts come after the top has peaked shorts If you short early, you're dead. So wait for the back side We always talk about back side, but no one explains what the fuck backside is we actually explained to you what that size We give you a technical, you know like a fucking it is it's down to the fucking like Like like let me actually show a video on that file Let me help you pull the entry kind of shit, right not just a bcd pattern kind of crap So, um Wish I should have covered this now. We have all these videos on back side So we have front side versus back side how to short the back side. We have three pages of videos here and what I'm gonna do is Even have look we have three live trading videos from bow j.m. You long CFIS backside Live training so I'm gonna do guys. I'm gonna post this for the members in the room The link is right here. If you're a MIC member I'm gonna post that into the room right now so that everyone has it handy that way you have no questions No concerns about how to find backside because we've made so many videos on this stuff. Yeah, man So one of the place that the trolls I made is we have too many fucking videos I mean, I don't know what to tell you first. We have no videos the people complain. We have too many videos They complain The key though guys the key is this man It's like if you want to learn how to do anything there there are a million books out there on every topic So what do you do is you have to pick one area and start with that one area? You cannot be an expert in all areas Pick area and focus on that one thing and do it very well I always say it's better to be the master of one than the jack of all trades If you're jack of all trades, just fucking normal guys is fucking not gonna make money And one more thing is guys in these markets I we say it every day and the reason why we say it every day and people don't listen is because literally they don't listen We say every day set of max loss and a max size at the broker level you guys are probably sick of hearing you guys We said I'm gonna get tattooed on my fucking ass at this point because every single day There's still one person that doesn't fucking listen Don't take a giant blow up for you to learn this fucking lesson This lesson whether you're an MIC member non MIC member hedge fund trader fucking forex trader Every single professional trader even at the prop firms even at the hedge funds has a max loss level So imagine if someone is trading with a hundred million dollars And they have a max loss level and you're trading with a hundred dollars and you don't have the max loss level Who's the real expert these are lessons from professional hedge fund traders? When I used to work with dr. Brett steambarger used to work with the traders that Work with Paul Tudor Jones and he said that even the guys with one hundred million dollar accounts Still had a daily stopout a daily max loss a daily max size because sometimes Trading gets fucked up Sometimes your brain just fucking turns off. How many times do you think in your head? Oh my god If I just stopped out where I was supposed to stop out I would have so much more money if I knew about max loss and max size when I first started my trading I would have had many millions of dollars more But instead it took millions of dollars and lessons to learn it's very simple man The same thing as I give you a car race car driver. You're wearing a seatbelt and a fucking helmet Most of the time they're they're fine. They don't need that fucking helmet and seatbelt But the time that they do that saves their fucking life Yeah, exactly It's not a cool thing, you know a lot of these guys I call it a training wheel, you know any fuck dude Are you fucking are you jumping out of airplane with no parachute in fact you have two parachutes? Yeah, but back up here even the perfect all it takes is one time guys I'm telling you one time could ruin a day a month a year or even wipe out your entire account because all you need is One HKD God forbid God forbid you're on the wrong side of HKD. That's it. You're done You're done forever. You're done forever. So if you want to be successful long term, you got to set it That's why we have the freaking auto liquidation man. I even I started using that shit, bro Well, we're fucking human they're not algos we fuck up dude It's like it's you would never jump out of fucking airplane without two parachutes Right now you have a backup parachute all the time. That's what it's man fucking the internet goes out your house You're fucked now the power goes out You fight with your girlfriend next, you know, you the cat jumps on your keyboard It's fucking anything guys and the keys in these markets. There's always gonna be a leader There's always gonna be the head of the sink There's gonna be one stock one stock that everyone is focused on which is HKD at this current market Well, we're recording this right now is HKD When HPD is taking all the attention, what do you think VR ax? What do you think SNTI? What do you think APD end? What do you think AMTD? What do you think all these stocks are doing all the money is going into the hot stock and all the money is Selling out of the old stocks. What ends up happening is let's say I'm long. Okay. I'm gonna give you an example Let's get HKD is running. It's going to $800 $900 and I'm long AMTD I'm gonna be like, oh my god. I have so much fucking FOMO HKD is gonna go to 1500 I'm gonna sell AMTD to free up buying power to buy HKD and then that happens on a massive scale Which is the money flow concept that we talk about money flows out of one stock and into the other stock usually based on FOMO Right. So these are the lessons that we do these are the lessons that we teach and you know It's very sad that no one watches these videos. You know, we have a hundred seventy eight people watching this This is the key to financial freedom even in the bear market. We're making millions dollars, bro And no one watches but the people that are here the people that are watching the people that are learning are Changing their lives. So if you are here if you have found this if you were watching this if you are learning Consider yourself fucking lucky because one day one day. It's gonna finally click You're gonna fucking finally change your life and you're gonna say I wish I fucking watched this earlier I wish I fucking listened earlier. I wish I used to watch this I wish I set the max loss. We're telling you the same things that we're doing every single day, right? People ask are you guys using success trader? Yes, bitch. We're using the same broker. We're recommending, right? That's the whole point, you know Yep, so anything else we see of the bond line guys. This should happen all the time It's like a distraction in my pain man. All these thoughts are distraction What you need to do is focus on your process is your process does your process say to trade HKD No, it doesn't your process is to trade the sympathy side plays So the HKD comes I'm waiting out and I are waiting for the side plays the simplest Exactly, bro. Exactly. And what I try to tell you guys is pre-market guys pre-market on these stocks Don't short of pre-market because they're extra thin pre-market So I say avoid avoid avoid avoid avoid avoid avoid avoid avoid avoid and then when I see some sort of signal When I see some sort of confirmation when I see a goddamn candle like this When I see a candle like that That tells me Okay, you could stop avoiding and you could start attacking so I always mention what is the signal? What is the signal? What is the goddamn motherfucking signal if I get a signal a death candle kill candle a confirmation an Offering the fucking see I don't know what the signal is, but you could tell by a ginormous ginormous red candle Ginormous red candle going like this straight fucking down is what it looks like straight down when I see that The trend has changed the longs are stuck the shorts are in favor That's what it is. And so what you do is this guy's this is how you benefit both long and short So if you're short, that's that's your kill candle. You're going to call it, right? That's your signal that maybe can it's more safe to get in the short if you're on trader You see that you better get the fuck out And the thing is guys we are here every single day we are trading we make plenty of money training I mean look today so far is my day Where is it Phil loads? It's a little bit blurry. Let me see if I can clean up the lens and maybe fix it My day right here as you can see 11,800 today first day back trading You know trading and TD VR a x all these crazy stocks and guys we're here making tens of thousands dollars a day We are here making money every single day Right, you didn't touch KD. I don't have any borrowings KD, bro Even if we have borrows, bro, I would not touch it what you did was you trade the sympathy side place exactly guys exactly? And I waited I waited And guys keep my fucking was at eleven thousand dollars two point five million dollars a year I'm sitting here in my fucking pants with the fucking espresso cup over here Making two point five million dollars pretty much on my ass, right and instead of just sitting here and popping champagne bottles Val and I are here trying to help you guys change your lives because MIC the key is back to life, bro. Yeah, you know it comes out to you know you didn't you're sticking to your fucking process, bro You're not letting You're not letting the fucking flavor of the day sidetrack you and lose focus. That's the whole thing No, if your process and you're along by stir trade each KD But for short, that's not the fucking process guys. I tell you right now That's a losing proposition everybody a fucking touch that shit got their ass killed Exactly, man. So there's always gonna be new runners guys. There's always gonna be new stocks There's always gonna be something happening in a bear market when the investors are down 50 percent We're still making money. So be very careful guys Understand the market cycles we are in What we always talk about every every IG and every YouTube Alex the stock selection is exactly and that's why we have to watch it So let me actually pull up the watcher's bow and then I'm gonna go drink some fucking coffee because I landed late last night So let me show you guys a lot This watch is every single day guys every single day I'm posting the detailed plans of the day. These are the exact stocks. I'm trading these are the exact plans I'm using every single day even when I am not around the moderators are here covering place I'm even away on vacation. I'm on vacation I'm still trying to post place for you guys because I understand that screen time is the key to training So if you've just been training for one month one fucking week one year Understand the more time that you spend in front of the screens the more time you spend in front of the market The more money you will make so Amtd is now taking my P&L should have fucking gone up a little bit more after this and you guys will see it On Instagram later today. Hopefully we could break like $15,000 and that'd be fucking sick But regardless guys, I'm going to go back to helping the members now great fucking job today And we will see you guys at the meetup mind. I think Yeah, we're gonna go back and helping members as usual