 All right, let's see if Joe's here. Joe, are you here? We are gonna start. I just started recording. This is the this is the cute This is the Q&A guys Two seconds. All right, wrap up that shit Get off that porcelain, bro Shit He is sick of that dude Joe's over here short and spy He gets that a little turn. He's like dude. It's on. Let's see what he's doing Let's root Joe on man Go someone squeeze Joe just send in two million shares right here and you may be able to squeeze Joe There you go When you guys talk about outer lines and drawing your lines Do you have videos lessons explaining this in what order should I watch the video lessons? Yes, we do brother So two ways you can go about that bar tech is you can go let's go the let's go the videos tab real quick Or actually, let's just go to my MIC real quick The first thing you can do is watch What's up Joe? What's up, bro? All right Or the second thing you guys can do really quick is just go to the videos tab and Do the search feature for inner and outer lines right there, buddy? Dude you shorten the spy you sick fuck Are you not on the up and up? But what's happening right now? I dude, I'm so not on the up and up What's going on? Okay? There's literally riots. There's literally riots at the Capitol building right now So so who won are the Democrats in or the repubs the Trump supporters are rioting at the Capitol right now There is a gunpoint standoff in the chamber. Get the fuck out of here. What? Yeah, where have you been bro? Dude? Given this? Yeah, that's why I'm sure I Blame all you guys only to do what? What do I type in like gunpoint at Capitol? Oh, holy shit? Well, I mean just look at the market news feed channel in M. I see I mean there's there's thousand There's like a hundred fucking headlock shots have been fired in the chamber. What the fuck? Protesters have entered Pelosi's office Smith and Wesson shares are up 15 percent. I Don't even know whether to find that funny or sad. Oh my god guns drawn in the chamber dude. Oh my god Wow, dude. Wow. So history is being made right now while I talk about And the market is still green by 1% nearly on the day, you know, what this is just astonishing to me, you know, what man? 2021 is starting off exactly like people thought it went. Oh my god Holy shit guys be safe out there man. Fuck This is this is just crazy man. This is just insane. There you go There you go There you go, look at that headline protesters in the senate Look at that dude just sitting on the senate seat with guns and everything. I think I know that guy I think I saw that guy down at the bar. I think I saw him long bitcoin and get rich and then lose it all I'm telling you right now, dude aliens are coming In 2021 I'm pretty sure he was selling a bitcoin course at one point And now he's rioting in the Oh, I knew he looked familiar, dude This was that guy that told me I could freaking he could trade my money and give me 95 of it back All I had to do is All I had to do was wire him a bunch of xrp Yeah, I just had to apple pay him some shit using the no fuck that dude So this is I mean just kind of what I'm seeing here in the markets is Is I was wondering we have an edson made this Edson made this observation too, and I fully agree with edson on this People are still just blindly buying the dips in the market And so, you know, what that indicates is that there is a lot of There there's nobody willing to Do there's no sellers, right? Because it's just Retail blindly buying every dip that they can to be able to you know with the hopes of it melting up Usually when that happens, that's the onset of another correction Not like covid pandemic correction. I'm not saying that I'm just saying, you know a 10 15 drop Which is very normal for the market We need it the market needs it in order to To get you know More more more efficiency Well, Joe, let me ask you to hold that Joe. Let me ask you a question on that So back when we were given webinars about four months ago. I would say no, we show you a picture that's gonna Freaking shock you dude. Joe think about october november, right three or four months ago Dude, we were talking about how it was a how it was a fake it until you what the fuck You look at this They have pushed the piano in front of the doors of the chamber and those are Secret service agents At gunpoint standoff through the glass with protesters. Dude. I'm getting a tenant flashback. I swear to god You have to be kidding me. That's like the world is flipping over dude. Is this america? Like man, dude, this is embarrassing This is embarrassing as an american as a u.s. Citizen. This is absolutely embarrassing at the level of Of childishness that well, Joe. That's what I wanted actually so back in the october, dude Yeah, the end of tabloid embarrassing Well, check this out embarrassing man. I don't care if you're republican or democrat man as an american This is embarrassing. Well, the reason why it's embarrassing man is because you know, like just to kind of deviate from stocks a little bit Is here's here's my thought process on the whole thing What was originally, you know constitution and true democracy? You know, there was a real say in things man. There was a real liberty. There was real There was a real justice system where people were like look man I don't agree with that but i'm gonna let you speak whether you believe in trump Whether you believe in absolute doesn't matter. We are losing dude right after right after right. It's getting So unbelievably sensitive to the point where shit like this is happening And it's like dude, do we even live in a democracy anymore? Like this is starting to show signs of what what not only like socialism or communism like just not having a Say in little things dude and honestly, joe, you know what this is dude I'll tell you what this is man This is finally people hitting the boiling point dude, and it's so sad to see because it's it's like wow This is really what's happening. But both sides, you know when trump got into power man It angered people to the point where dude some of my you know, look i'm very republican But i've got very democratic family members and i would have family members or friends dude want to like They would say things like I hope trump dies. I'm like look that's so extreme man I I don't look I don't like biden in office, but I don't wish he dies man Like that's crazy right the all this stuff has just brought out the evil of fucking The government man and the government under the government and now it's just like this happening Is because no side feels like they have rights and liberty anymore man. So now they're demanding it dude Dude, well, it's you know like look at this u.s. President trump is currently in the white house dining room What the fuck Like Oh my god And and then and then he tweets and then he tweets To please protest peacefully don't disband the protest just do it peacefully. Well, yeah, because you gotta be kidding me like It's I mean It's already proven that we can't protest peacefully like that that was proven all of 2020. Yes Yeah, no matter no matter what you stand for no matter no matter what look at the standing up for Look at these dips, man It was not dips are getting bought people were not able to protest On a calm manner and the ones that did dude soon went crazy, right? No matter what the jurisdiction justification Whether it was, you know political related whether it wasn't political related And here's the fun. Okay. So now let's bring it back to training. Let's bring it back So joe in october and november you and i both had a discussion almost every single week And we were talking with a loha trader at the time Outside of the mandalorian we were saying dude. This is a market where it's faking it till it makes it Bro, we're so past the point of return of faking it now It's like has it truly fucking made it do because like you said there's no sellers, bro Everything's all time highs people have such good averages They've been adding and adding and adding for half a year and the fed came in They start printing and printing and printing now. It's like dude like do they sell? Is if I was long right now If I was long right now and buying every single dip has worked for me for the last x number Why would you change it? Why would you change it? I would just blindly buy them. That's my point joe. Why would you change it? You go I got the fed behind me Um, there's every single kind of disaster that happened in 2020 happened and the markets are still at highs Why the fuck would I not why wouldn't I buy dips until it stops working? That is the notion right now of every single investor in the market every single one Absolutely, even educated traders, dude Bro, it's it's truly mind-boggling. So what I think dude is like, you know, correct me if I'm wrong here Because you're more on the big cap side of things dude. I think we have a sick 2021 in the markets I think it's not going to be a bear market. I truly think that yes Maybe we get a 10 or 15 percent immediate correction like we did in the pandemic. Maybe something happens dude. I bet I bet this strength continues It might it might my feeling is is um Is it's going to be like 2018 where it was just kind of Sideways not really like it's going to be volatile. I think it's going to be I think it's going to flatten out But I think it's going to be looking like this every single day like this would be an intraday trade Exactly. Yeah, it's going to be it's going to be wildly up and then drastically down and then wildly and it's That's just my feelings is I think we are close to setting a top that we will eventually use for the entire Year of 2021. I completely agree with you there, joe. I just don't think that it's going to be a bear market where we retest 200s and no no no no no that's never coming dude I thousand percent agree with you there there. That's never coming It's not coming back. No, I it I can't imagine this being worse than brexit In 2015, you know brexit lasted two months brexit exactly two months. There was no action But my warning here is you know, don't just be blindly buying stuff way up here at these prices because if it corrects 10 to 15 Can you outlast that? mentally and Capitalistically right so so joe remember remember what I said every week guys. There's two ways to kind of oh my god. Look at that He's got a gun at the door. This is dude. They're breaking through the fucking door Yeah, this is I mean this is like a zombie apocalypse This will be a day in history for the ret this will be something we talk about with our children's children Bro, this that is literally out of it. I can see it now turn to page 69 guys Yeah, and your social studies books on page page 69. Oh my god, you know, I had to throw that in I just got that turn to page 69 and you will see minus the dick drawings on the side of your textbook You wouldn't notice how the zombies came in and stormed the capital This is nuts dude. I still can't get over it while I was giving this webinar Well, you just over here just talking and I'm over here like short spy and you're like you're so evil And I'm like, do you know anything that's going on right now? Joe's like I'm gonna pay my rent with these dumb motherfuckers. Yeah, absolutely got a mortgage to pay son Well, and you know what man welcome to the reality of the markets guys for every dollar That is lost the dollar is gained and at the end of the day unless this affects you immediately and when I say directly I mean immediately like this happening like you live close to this and it's affecting you today guys There is there is opportunity in this unfortunately as as as capitalistic as it is to say but also kind of unamerican at the same time Joe's not wrong, dude. The spy is probably not. I mean, this is why we had a huge pullback guys I mean, this doesn't just happen. I was I was giving this webinar and like what is this? I was literally thinking myself while I was talking what the fuck is going on. Yep, and dude I've been fired. That's old news that happened earlier that happened earlier. Shots fired was that was back, you know Probably 20 minutes ago Uh, wow, wow Yeah, man, we're turning into venezuela, dude. We'll be full socialism. We will have no say and they will just rape us, dude it's um So for me in terms of risk, um, I have a stop now at breakeven Which is right around three seventy five fifty Ish. Oh, so the market Oh, yes Yeah, if the market bounces Over three seventy five fit if I go back to breakeven after I just went like on my put options I just went like 25 percent. I just made 25 percent In 30 minutes nice Joe and so but I didn't realize anything because I'm just sitting on it But now instead of giving anything Back like I'm not going to let a winner turn into a loser Now I'm just going to move my stop to breakeven and I'm just going to let it be Like if it goes back and and it goes and I go flat, you know Like I go from being up and in the green to back to zero dollars I won't hesitate in stopping out of this trade and here's the pivot points guys I just put the pivots on there so you can see how it reacts Yeah, you can see that you can see my average I shorted that big Red candle like as soon as it waited for the death candle on and up And you six and then I saw that those little pauses right there on the on that three minute You can see it pretty good on the three minute how it just kind of pauses And then as soon as it started to snap I'm like, oh man And so If we bounce back to there Then then I'm going to stop out and I won't I'm not going to have any hard feelings about this If it goes back to there, I don't want any business in the short I'm not going to get gravitated to like I can't believe that this is I'm if it if it touches the inf I mean look at this 374 50. I mean, that's one point away. That's not that's nothing major I mean it could easily stop me out easily But if you're great even Joe, that's a beautiful trade because while you're in the money You know, not like even you're going for a home run or anything But you're willing to play on a news-based trade of like dude. This is going on spy technically technically Quote-unquote should very much tank on news like this because this is showing Unrest in the streets. This is showing economy collapsing. This is showing where officials and law enforcement and things that are supposed to go Right are going wrong. This should reflect in this I mean we're holding at the incredible top and ends of the daily range. I mean, look at this 374 375 375 Look at this. Shit. This is an astounding bounce on that type of news and what this tells us is that people are just blindly buying I am and look at this dude. Look at this Inside Nancy Pelosi's office with the thousands of revolutionaries who have stormed the building to put it into perspective How quickly staff evacuated emails are still on the screen alongside a federal alert warning members of the current revolution Dude, I can't believe this 375 17 Joe's just like I hope I don't lose money. I hope I don't lose the money I'm keeping I'm just keeping an eye on this that way. I mean the put options are so liquid that I can easily get out of these but um, I'm just like, yeah, all right. Yeah, I'm I'm just watching the price action like if If if this if these type of like tweets and stuff like this start to have an effect I'll pay attention to them. But so far they're not Notice the stuff at the pivot point. This is why we plot them on our screens. Notice that little touch and grab there and like actually reject so far Yep Yeah, if it reclaims that pivot point, that's pretty much my stop Well, and I like your spot, Joe. I like your stop because here's the thing, dude Your the next pivot would be very far away Like I like your stop because it would be like, dude, if this kept going if this was a small cap You know, you just you just hit the next line if it death candles But if this was a small cap trade, dude, Joe did exactly what you're supposed to do Minus the news or not if this was a small cap, dude on uptrend or you just wait for that turn This is the turn that shows significant downside potential And then you short the bounce right which Joe pretty much did but he wanted because this is spy He wanted clarification that okay, we may base here and then launch the new highs Nope. Nope. We got the weakness. He sees his candle. He gets in and then you can ride down but man I am truly baffled at how this Possibly could be bouncing dude back in the day Not 2020 related right two years ago, Joe when you get news like this dude spies it 350 after this news Oh, absolutely. Bro. That's why I'm like, I don't think we'll enter a bear market for a long time And is look at what's going on in the world and we still bounce on the same day Yeah, it's it's um Yeah, there's no telling but yeah, if we break if we break back over this pivot point I'm out of the short and I'll take a small profit. I make I might make 50 bucks Like dude, it's it won't be anything. We'll title this we'll title this how Joe trades how may how to make $50 dollars Using pivot points after being up 600. Yeah. Yeah, there you go Uh, Joe's like Joe's like why did I take that 600 bucks? Dude, I'm Well, the reason why I didn't take the 600 bucks is because the chart is intact like Where did I take the short position at 375 50? Like in that red. Yeah, he's doing a break even Yeah, so I got in here Before the big bounce right here, dude, you know what's crazy part is Joe Dude spy literally trades like a small cap these days on the upside squeezes to the point where dude, this little dip right here No, joke. Like I wouldn't be surprised if this just catches a bunch of shorts, man Like big absolutely because and that's why dude. Yeah, that's what I'm afraid of is like I don't want to get caught in that and then all of a sudden it just starts like skipping dimes And I'm like 83 before you. Yeah, I'm like, okay. I was up 600 now. I'm up 50 now. I'm down 200. What the fuck? What the fuck? Look at what it said. Look at what it said. I double my uvxy calls Unrealized and stopped out of entry. Welcome to the new normal, dude Yeah, this is an old old Yeah, we saw that earlier people are gonna say in t-fo people are gonna say proud boys. Whatever it is, dude I was that out front That can't be out front. Is that out front? That's out front. Yeah, because there's the stands for the presidential And this fucker came ready, dude. Look at this fucking guy. He came ready, dude Jesus Look at him. He's got a sheetrock dust mask He was doing sheetrock really like that's that's no joke mask, dude. Like he came ready It looks like he was I I personally think that that's a roof first mask Like I think he was laying insulation in a Black ops with a 7 k dr right here. Dude. We got a freaking call of duty right here black ops, man. I'm telling you You don't fuck with these guys This is shocking, bro. This guy's ready for him yet. This guy's dressed like like he's about to have the dog sniff a bomb, dude Yet here's the astonishing part yet The market is still nearly up 1% on the day. I don't get it, dude. I back into three years ago That's what I'm saying because I do Joe. I started on big caps, dude I know how spy moves more than anything, bro Two small caps to be affected. No, this would have been a $15 drop on something like this What is oh? Yeah, absolutely. What is happening to the spy these days? Like it almost seems like on days where there's bad news It's good news because you can just have an opportunity to buy the dip before they squeeze out shorts Yeah, it's why are we so afraid of it dropping again? It's not like it's going to zero a drop just makes the bounce even better Well, that's all I want. I want the drop I want the drop so that I can buy the bounce again Well, not only that dude, let's educate people on what that would even mean if spy went to zero There would be no u.s. Companies Yeah, it'd be nothing if the spy went to zero that means there's no operating companies on the street There's no google. There's no tesla. There's no anything Sure, we're in need of a correction But you guys this is why investing or buying bounces on spies is such a viable strategy or you know niche in itself is that Dude, this is the 500 of the biggest companies in the world. Well in the u.s And and this is predicated upon the strength of the american economy If this went to zero, dude, you wouldn't even be able to go to the store and get an ipad This would not go to zero. It's impossible and we keep the fact that the market keeps wicking On on the hourly time frame Like there's a big wick That got bought up on the hourly time frame On the spy and and then we are currently Uh printing a big wick on the hourly, but the hourly won't close for another 40 minutes And so uh the last hourly bar of the day won't close for another 40 minutes. So Dude, you know, it's weird if we close up near vwap here. I'm not holding overnight Joe, you know, it's weird though Like the the three that have baffled me today, dude They really have baffled me is zoom is selling off on all this Netflix is taking a wow sell off big time for the last week and snow got destroyed today I'm like baffled on these three man truly because the kids are doing they were doing fine today, dude until this Yeah, I think that um because it appears that that everybody is going to Basically they're they're they're going on the assumption and they're sending in the votes that you know Uh That democrats are you know, they're they're probably gonna have majority in the senate They're probably a majority in the presidency and the house the whole thing and um So because of that You know tech companies and people that are investors in tech companies You know, they're they're anticipating that democrats are going to tax big tech a whole lot more They're gonna rape them, dude, and so That's why I think those things are selling off So i'm watching the marijuana sector because you know, if If if democrats lead the government, this is not me taking a political position Solar just because it's going up dude. Just because think about this just because I say or anyone says I think democrats are going to win and I think this is the market effect that we're going to have I'm not taking a political position telling whether I support the democrats or republicans a traitor situation That's a traitor. Let's put it this way. Let's blatantly put it this way If I am a 49ers fan just because I think the chiefs are going to win the super bowl does not make me a fucking chiefs fan Okay, that's exactly right. I'm a 49ers fan But if the chiefs win the super bowl and I think they're going to win the super bowl and I bet that they're going to win the super bowl That doesn't make me a chiefs fan Dude, just because you're putting your money on logan paul in the fight of you know, mayweather Right, doesn't mean you love logan paul. You just think you're fucking two feet taller and 40 pounds. Ever again knock his bitch exactly But and so that's what i'm getting at is people That and like you were talking about earlier. We are so stretched like with um With how what we tolerate news and disaster and yeah and it's Anything can set somebody off Right now in these times and so like the fact that I say I think democrats are going to win Immediately makes people think I support the democratic side and that I'm just against everything and I'm Dada, and I'm like, well, I'm not taking a political position. I'm an educator in a trading chat room I'm going to educate people and tell people that hey don't short marijuana pushes on day one Because this is the effect that democrats can have on the marijuana scepter if they take everything joe. We're getting a crack There we go. Maybe this balance was not nearly as strong as people think That's what i'm telling you man that pivot point if that pivot point reclaims i'm out of this you would have been done You would have been out of here joe. What's it? What's the main? You're looking at what are you looking at marijuana? Give me one Well, just the typical, you know the hill ray plry cgc crln acb Huge dude huge. So look at the I mean this is with the market So Yeah, no no the tanks are market related but guys during the day. Why do you think? solar and or Marijuana was going up because the dems when they're empowered. This is what goes up dude oil's gonna go fucking down anything that is look I don't care what side of politics you're on once we get there once we get back to a market normal These are the things i'm watching Of course dude because here's the thing dude, whether you like it or not whether you're a republican or whether you're a democrat There are stocks that line up with the viewpoints or the business Associations that are various political parties whether it's republican whether it's democrat dude like, you know a lot of dude any oil You know big tech that's gonna go down dude with the dems like he was saying because they're gonna get tax The republicans keep those more afloat than the democratic party the democrats are more after the environment They're after the solar they're after the we you know things like that So you're gonna get you know certain like dude There was no coincidence on like tesla was going crazy solo k and di before all this You know capital stuff dude everything that should have been ramping with the dems and power was fucking ramping like that's just That's just the way it was looking going into today. You know and that's again. That's not a political stance It's just common sense of like what is each political party back Okay, maybe I should stay away from the short side or or maybe I should go dung ho on the short side If the republicans were getting you know in and then yeah, if all the sudden turns around and republicans regain control Based on some voting miscounts or whatever it could happen all kinds of things can happen If that happens, okay, now it's time to short then it's time to bail on your long It has nothing to do with politics, man It has nothing to do with politics and it's all about how the market reacts to those headlines and Outcome let's never never pivot breach joe's making money go Let's fucking go joe put yourself something No I'm not doing it man. I'm not doing it. I think joe doesn't joe doesn't really do the tab program thing This is not a day trade bro. Yeah, I'm up 25 percent here. I look at the look at this He got to be kidding me just to just hang on a second artwork. That's going to be obliterated by the end of the day are those bull horns Genghis Khan breached the capital. Yeah, right? like Trump supporters going at it on the steps of police with the cap. Yeah, this is I don't care whether you support trump or biden This is not good for them. It's not good for america, dude Yeah, it's not good for any of us. I don't care whether you support the trump cause or the biden cause It's not good for the market Dude, I don't care either at the end of the day, man You just got to know the facts of how the market's gonna react And you guys also got to not be blindsided to the fact that look because the senate is going to be mostly democrat now Or they're gonna have the majority in ruling factor and even if it is 50 50, right? If it is 50 50 the top the basically the tying vote goes to Kamala Harris, which is the vice president, right? So right? Kamala Harris is obviously represented the democratic party guys taxes will go up. There's no way around it They're getting in control. Let me tell you something. You better expect taxes to go way up Or at least at least for the people who make a lot of money, you know, I'm scared as shit I'm scared as shit if the senate doesn't go republican just because I know how much more we pay in taxes It's not even a political stance. It's just oh man. I got to prep for this Absolutely, bro. Yeah, this is I'm a little confused on what now look look. It's probably going to What in the fuck dude like like what made him say he wants to put a raccoon on his head and and look like Thor on, you know You know who he looks like you know, he looks like is uh, what was that guy's name from from lord of the rings? That was the skin changer into the bear. Oh That was the hobbit. That was the hobbit not lord of the rings Tom Bombadil, right? Or I forgot um Bjorn This is named born baron. Well really baron just something like that Dude, all serious this aside all seriousness aside if this isn't so unbelievably accurate of what our our society looks like like this is like this is like Take this out of the capital. Just take this like put this in a textbook. This is a man That's a man. Look at this the dude on the right side probably works at fucking what a burger In as a cook serving hamburger patties. This guy in the middle is unemployed Fully unemployed and then the dude on the left probably works at guitar center in pro audio Like i'll 13 you got to be kidding me. These are not this this is that's Those people represent america. Okay. Fuck me Plotty Yeah, if you make a lot of money, man, you're gonna get it right this year dude. Sorry to say Well guys, we made history today not for In not in the good way. Look at yeah, look at this fat reclaim off of the fucking pivot point, man It's we were just stuck in this channel. It just bounce rejection bounce rejection Do you guys have any? Oh, wow I mean, yeah, feel free to ask questions. You guys have any questions? What's you you you doing? Whoa? Universal securities instruments shares are trading higher and mid unrest at the u.s. Capital the companies make safety and security products So just because here we go just be dg. What's dgl i doing? Yeah, that was just a best to say that. Oh shit Dude, look at all my god. Oh my god. Here it goes. Dude. This is how you know you've been training police equipment all over again This is how you know, you've been trading too long me and joe instantly know to the names We need to go to to like to make money Like Jesus did Really quick guys I know I know you probably want to talk about the capital and stuff But I just wanted to introduce this really quick my watch list this morning because of how Unbelievably straightforward is and like we preach every single week. No matter what man small caps Especially big caps as well, but small caps dude are so Unbelievably simplified right so you had this warning. I was looking at this morning This didn't have a ton of meat on the bone, but I still post my lines because it was pretty broken and open near vwap in the open So that was my scale zone, right? Then we go over to isr joe. What do we say every single week opens a vwap? Let's go to the tops top one top two There's your scale zone accurate accurate to the t then this one. What did I say in chat all morning? I said all pre-market. I said guys This doesn't have a lot of bwap don't jack with it Don't jack with vwap, right? And I said look this is on vwap all morning Not only is it opening on vwap. What's it up 90 cents to 150 you need a big squeeze and then a death candle What did it do squeeze death candle hip hop fade all day three for three? What is the maximum that you're gonna make on that play 20 cents? Oh, yeah, like you got to be perfect and make 20 cents 20 cents perfect No, I want to like I want to suck and be able to make 20 cents. I love that I love that thinking dude. I want to have a profit margin that is so wide that even if I'm a little sloppy I'm pulling in 30 cents easily And then guys I said the exact same thing on eight on a tap I said this was easy to borrow. It was a little bit of low floater. I said, this is over vwap Let it run to outer lines. Whatever the outer lines You had one at eight whole and a half dollar number that coincided with this top and then I always this is a trick of mine I go to the next top but where the wick is so I drew it right there and dude right within the scale zone So four for four. This is what I want to show you guys when we wake up. There's no wizard sorcery There's no freaking magic you put your lines on what you expect every day for the stock to go to You execute the trade and you wrap up, dude And there's no emotion involved if you plan to if you scale this zone and it breaks high day Literally cut it have a market hard stop same here same here And then dude if you have the discipline the patients to wait for the death candle here Oh, it's as simple as that and I just wanted to show that because every week we show that and we talk about what we talk about and it's so Um, it's so ingrained right like it's like we bludgeon you guys over the head with the same freaking topics, right? Um is profiting off the squeeze possible like acy or spy If you can I mean, I'm not gonna say it's not really what we teach but I mean if you follow your lines I mean you can absolutely find your way into trades like that. So for example, like you you you I think that's what he's referring to Like the squeezes that are happening on you you you Oh like halts Wait, I mean you could Did acy run in it? No, no He's just talking about previous runners Oh, uh Yeah, so like dgy for example like Like dgy Um With this market news you can't whoa spy got zapped all of a sudden what just happened there nice What's the next headline by just again, it's just in that little dip channel Stenament parliament senate parliamentary staff secured electoral college certificates as they were evacuated from the senate I see what bar tech saying right here. He's saying look if if news happens look all these turds go down, right? Like all these freaking oh national guards on the way to the capital Oh, jeez dude. That's some serious shit. Holy fuck. There's people scaling the walls. This is insane Well, uh, I'm gonna call my family members after this and say what do you think? This is nuts. Okay. Garrett carry on. Go ahead. Go ahead. So check this out guys I know what bar tech saying he's saying most of these do-do companies just trade it lows And then one pr comes or some kind of thing happens then they ramp the freaking highs. Yes They do that happens a lot So like just an example is you could probably hold you you you at four dollars and just hope to god one day You get something like this then sell it eight, right? The problem is Is boy do you have to be on top of it because the news can come right back down This could be right back down negative by the end of day or these things can do offering So if you're holding it for bar tech for months on end You're gonna be down on your position because he's solely just bleed and bleed and bleed If they do an offering then it's it too, you know what I mean? And then you're praying that you know, they don't keep diluting and then you get news When it comes dude, don't invest in small caps when it comes to small caps You can be a long buys trader but be a long buys day trader. That's like investing dude That's like getting in this company and just praying holding and hoping With no rhyme or reason is never a strategy for small caps in big caps. It's different, dude You could I mean I say this almost every single week, dude Fidelity came out and said the two number one performing accounts in history of their enterprise Is two of two as follows number one Dead people who who basically they found out later the person died 10 years ago still had an account They had bought spy they bought tesla they bought whatever they did and it was at all time highs by the time They figured out they were dead Second is people who opened up accounts along these really good companies and forgot they had accounts then 20 years later They're like bro, you do realize this has been accruing dividends and interest and appreciation for the last 20 years You're sitting on a lot of money Fidelity said that What do you think happens to a guy who invests with a head on his shoulders and a clearly defined Level of and comfort with risk He will buy spy wherever it's trading it and look at it as a 10-year goal So with with big caps you can 100 do that if you know your due diligence on the company or the index Or the mutual fund in question and they're very different. I suggest you read a book on all three But but but but you can't do that in small caps and be comfortable Does that make sense joe? What do you think? Oh, I absolutely agree. You can invest in small caps dude. It's just not a good idea You got to think about the risk that's involved in those types of trades when you're trying to find these runners beforehand Maybe you know after the run starts. My favorite thing is what you call like a multi-day breakout Um, which is you know, you got a multi-day move And what happens is something like this you'll get it it used to happen all the time in otc's and oh my god It was my favorite long But it you know, it doesn't happen anymore um The uh, so it would look like this so like it would have the candle like this. This would be day one and then day two ends up looking like this it'll gap down kind of be kind of Be weak and then all of a sudden on day three you'll get a big move like this and I do when I was doing otc's Like as soon as this high Looked like it was going to break on the tape I bought it and I'd risked around bwap all the time and Dude, it would just squeeze seven out of ten strong clothes And you can let it hang overnight. You can let it. I mean the this is the beginning Of moves usually go to btbt go Joe really those big point plays Joe before I do Do you remember back in the day of those otc otc's dude what the turn was guys? All you had to do is like dude you don't realize how simple they were On otc's you would see something that would be like like let me go to the spy like daily chart, right? Like it would look like this dude. I remember bro It would look like this But think about this as if it was intraday and think about if bwap was a little bit under bro It would trade over bwap for the i'm not kidding you 15 days straight the minute it started Oh, yeah, back bwap that was the day where it gave back 20 20 dollars Maybe 50 percent of its entire move sometimes 90 percent of its move and all you had to do was pray to god you feel short Yep Look at go to go to btbt. This was a small cap that recently ran with bitcoin Uh and mara and riot probably have it too, but look at a daily chart. Yeah, let's yeah like a three month I'll just go here just zoom in. Yeah Do you see it? That's what joe's talking about Do you see the pause right here? Do you see the pause right there? Do I see the what? The pause the pause Like how it stops right you see the run up The hesitation and then the break On a daily timeframe It looks like the hippie movement in 69 Yeah, dude, this is a full on break man and then blast off just like joe said to the absolute moon And this happened on igc as well back when igc ran Back in the last every time there is sector momentum. I always look for this type of setup like this When it had that multi-day move was uh, no, no, no, no, no, no, no, no, no, no, no No, I just i'm saying I remember that one that one was oh, yes. Yeah, no, it was like It was like 2018 It was the first year of mic So 2018 let me go to a five year. Was it this one? There it is. There it is. There it is. There it is So zoom in on that. Hey, let me take off the wall. Hold on And it only happens Proofably when there's big sector moves so you can see it right here Do you see the big upday? And then the like the consolidation day and then the break over this Handle high and then you have a strong close granted it sells off But you sell into that close you can sell in pieces along the way But this is my favorite long setup on a sector play. So same thing here It just takes a longer time frame. You get the big move. You get the big acceleration to the upside consolidation consolidation consolidation This was the trade I took and it's in the archives guys. So if you go back to What was this day? What did that say? September 29th? 2018 What this this green candle right here, what's this green candle right here? That is a lot of freaking upside. What's that Joe? What's that green candle right there this one? Hold on. Once I let me get my arrow What's that date? Where is your post again? Sorry. I was getting the arrow right here. What's it right here? That's 27 20 what that's 27 So y'all can go back in the archive If you're an annual or lifetime member go back to the 27th in main trading chat and look at when we talked about igc And I traded that live in the chat room back on that date and I talked about this setup I showed a lot of screenshots. You can see the charts That I posted. Yeah, it'll be there Dude, the crazy thing about this ban Is like on something like this right like this stall that Joe's talking about or that consolidation point rather like That's probably more accurate terminology is guys when something like this happens on a doodoo company Usually you get this like the next day if this or the next two days if it's not down here Oh, that's trouble. Think about what the shorts are doing that cause them boom Think about what the shorts are doing that are like this is going back to a dollar. Yeah, they're like it's going back to a dollar They're scaling in they're scaling in they're scaling in they're fucked like That's the process and so this generates the big I mean, I just drew the same arrow that you did but that's funny It's massive that this can and this is how it starts and this This type of stuff like these setups right here I want to see it on on marijuana names And I want to see it on volume like this and then all of a sudden we start to get you see this volume acceleration price acceleration Consolidation and then you get the blow-off cop move and that's what I'm waiting on on the marijuana sector I'm not trying to buy these Down here when there's nothing happening. If you have that kind of talent. God bless you. I don't I want to buy these when the momentum starts and then you get the consolidation and then the real move That's what I want to wait for So like I don't ever try to find them beforehand If you can props to you man, I mean, I've seen I've seen crazier should happen You know, I've seen the spy tank 10 points and then rally back nine in the same day Many times and so I mean can't say you know, I can't say It can't happen. You know, I can't say that there's not edge there. There might be just not what we do guys any more questions Do you guys use any other indicators than b-wap? Uh, I think that personally Pivots Oh, you do. Oh, well, pivots is god. I don't even consider pivots an indicator to be honest, but I guess technically they Technically they are but you know, like they're really I don't I when I think indicators. I think it like stochastics And like fancy shit like that if you're asking if I use the itchy boki cloud, then yes, I do Yeah, um Like every single day Pivots and b-wap. That's it. Yep um On a daily time frame if I'm kind of looking at something maybe bigger picture I might move I might put some moving averages in but this is only for big caps Don't use moving averages on small caps folks. If you're a small cap trader Don't do I mean you don't need anything but five points and b-wap Stop fucking around with all that extra shit. If you were like Literally dude only a swing trader I would say, you know, joe may disagree with this, but I would say where's where's rsi I would say you could dabble in rsi, but I don't even I would totally agree with you Oh, that reminds me speaking of speaking of rsi and I don't know either um Momentum studies. Oh, there it is. I would say you can maybe use rsi But yeah, you can dabble in it, but I mean I don't use it every day. I use it in like extreme situations so Yep If you notice zm what happened on zm look at zm the moment it went oversold like the moment it went oversold right here Bottom got the bounce and there's your trade. Yep. That's that's what we're talking about guys But you'd have to literally do it if you're a long bias trader Don't do this in small caps ever You'd have to have the patience to wait for these levels because 30 and 70 on rsi is pretty much your default standard rsi readings So if you were to go to like let's say a 15 day three minute Obviously, there's different variations because it's a different time frame You can play accordingly like obviously you can catch some intraday trades in here But like I said, man, the only one that I would condone outside of anything we teach at mit is maybe Maybe rsi if you're a pure swing trader and that's that's only on big caps only on big caps Yep Now there was somebody that asked a question about etfs and I know you used to trade etfs and you're pretty knowledgeable on those I do man Just for the record If someone and you've talked about this before but if someone wanted to buy long term XY Why is that a bad idea and I'm just gonna let you explain it So if you would explain it with a chart really quick and show y Let's go to let's go to d guys, right? So I started on or any of those So I started on these guys. This is uh, this is something that's called d guys. You guys man I'm getting some serious lag. Hold on one sec. Um, let's see if you get a good neighbors to get off your wi-fi Ah, it's seriously it always happens during these webinars towards the end and it's like I can't load shit. Um What's the uh, we'll go to nugget right like gold So guys the thing about um, and let's go back here. Let's go to like a five-year the thing about Um etfs that you have to pay attention to is what's called premium decay and believe me. I'm not a professional at this man It's just I started with these there's I just know you used to trade etfs like constantly. Oh, yeah I know you knew the terminology dude. Seriously. There's there's there's air pockets within price like Like fluctuations and catching up with the value and like whereas trading it you I'm telling man Go watch a you you'll watch a youtube video on what premium decay is but anytime you guys are invested in something That's an etf dude. It's it's like a small cap bro They eventually just on or on a downward slope until news a main world event And obviously they pay play in accordance to each other like a mirror, but like a reverse side So like like a heads and a tails of a coin, right? So if nugget is the bullish and um, you know, the the side that longs want to Buy to go up when it comes to gold, you know, and whether there's two times three times There's um, you know, depending on the volatility then you have something like a what was a dust dust is the inverse So dust this is a perfect example of the daily chart. This is what etfs look like on a long enough time frame They dude, I told you this is all premium decay, man This is not because it had bad news and this and that this is because these stocks are designed to continually like an air balloon Get poked and then bleed out air bleed out air bleed out air until you're just driving on this tire that by the end of the Time, you know into your day, you're like, oh my god. I have a flat tire. That's when etf is so just like a small cap They're pretty much designed to go down. Um, but again, it's not something that you again, dude It's not something that you short right here and hold for months because what if this fucking move happened? So you can't just don't swing trade etfs is my and you can't piece of advice You can't long them either because If you long them you get caught in premium decay where the they will reverse split on you To bring up the price which reduces your share count, but doesn't help your average at all correct So if you look at uvxy, oh god, this is a great chart example of this Look at this chart. It's just designed to eat shit I get designed to do that now you can grant it at times you can catch these big moves like this but The the decay it you don't long this you don't long this no matter if it's all the way down here at these levels because What if it just continues to go and then it all the way it goes all the way to five Before whoever does anything joe here's the thing right so like guys look at this and they go Oh my god, dude. I'm a short. This is going way lower. It's going way lower and then boom The market happens the capital happens the spy goes crazy And this is obviously if you guys aren't aware this is in very very much close consideration with the spy So you need to pay attention when the spy's doing so you're short right here Think you know go to freaking two or whatever the reverse split is at that time You know, wherever it's actually trading it and then you get this dude and you're sunk overnight and you owe your broker Your mortgage your wife your kids and well definitely your wife but I'm telling you man. I'm telling you you can lose what happens What happens too is people like zoom back in on the uvxy before that big run like right here. Yeah This is what people will do Is they will buy it and they'll buy it over here and they'll be like oh the market's way Overbought it's gonna get sold off and they'll buy it and then that shit will fade for four and a half months And i'm telling you guys down here Down here you mentally probably will not be able to handle it and you will stop out and then this will happen It's just it's just the psychology of the stock market. It's it's crazy how it works But i'm telling you that is what will probably happen to 95 of you if you take that trade Dude, one of my one of my best friends actually actually my best friend in the world joe He was uh, he makes sick money, dude He makes like You know two to four hundred grand in a corporate job So what i'm not sick money for traders, but sick money for like dude just a fucking corporate job Or I guess be with this family work from home bro. He literally told me he was like dude I want to I want to like short like he doesn't know shit about trading Dude my best friend in the world doesn't object shit because he's he never wants to learn right like He's stuck at his job right me and he devotes his life to it But i'm always like look man like there are small caps. There's big caps Like what are you wanting to do and he comes at me. He goes dude. I heard this guy from work He's shortened like 500 shares of the uvxy like what do you think? I'm like get I'm like Lord Jesus I'm like no I have shown you etc. It's like I'm starting to get her I'm starting to get my feelings hurt, dude. I have shown you how small caps work I have told you how big cap investing works and you want to fucking gamble on UVXY fuck you dude. I know you're my best friend in the world, but i'm gonna smack you Outside the head next I'm gonna smack you I'm like everybody just wants to gamble because they ask you They ask you your thoughts and then they go get a second opinion and believe that person that they don't even know Dude, they don't even know you know why you know and i'm like you gotta be joking me and here's why here's why Because this is the shiny object that literally dude. I'm not kidding you Can't make you rich overnight or broke or broken overnight because that kind of volatility is a maker break in in one or A week if you catch it at the right time or catch wrong at the wrong time So again people always navigate towards get rich. I hate my job. I'm stuck at a corporate thing I want to get rich. I want I want to I want to you know Be on a yacht in Lake Como because I see George Clooney sipping tequila on his yacht and banging all these bad ass tens And uv a uv x y is gonna get me there, but not my pension plan and not my retirement hey and sepire a and and and you know It's just dude It makes me want to storm the capital of my friend Yes, absolutely Absolutely, i'm getting heated dude because now it's personal man. I'm like dick. I've shown you the capital Oh my god, I'm like dick. I've shown you how small caps work I have you down over endless cigars whiskies Well, he drinks because I don't drink and i'm like I have literally pulled you dude I think you just made a new catchphrase Like it makes me so mad. I want to storm the capital like my friend I think I think that's a new catchphrase bro. I I you know what you know what it is joe You know, you know what it showed me man It showed me No matter what you know No matter what you can provide whether it's knowledge whether it's not is when it comes to um Even your friends your family everyone on this earth wants to get rich quick Unless you have trained that part of your brain that knows it does not exist Right. Yes. Absolutely. Correct. Absolutely spy at low Let's go Oh, let's see what spy's doing man. This is just too much fog dude Cues are almost oh wait. No the cues are red on the day My shoes just all fucked up I think you're solid here, man. Again. I think um I think what happens overnight and how the media Turns it over if they make it sound like the world is ending bro. You do a serious gap down options I don't know if you guys knew this. I didn't know this when I first started trading options Somebody told me and m. I see I was like what the fuck But options on the etf like on spy Will continue to trade for the uh for the 15 minutes after the market close So when the market closes you still have another 15 minutes to to uh Exit your position So i'm sitting here if The reality for me is if the hourly bar On the spy does not closed under this pivot at 373 I'm just gonna take my profits and look to re-enter tomorrow Because overnight they could resolve this riot thing and all of a sudden it becomes A thing in the past and the market just rallies back higher, you know, yeah We could have some kind of bipartisan agreement for once and Actually, you know as i'm talking about it You know what fuck it i'm out i'm out Take your 700 bucks dude and go enjoy a nice steak dinner. Yeah, i'm out. I'm flat As I talk about it. I'm flat. I was like, you know what every dip Let's just not See even when joe's not buying the dip he's acting as if when he's short the dip will be bought up Oh If you know I just don't like I don't like how this damn pivot keeps holding I feel you buddy I just look at the wicks too like it wicks under the pivot and then bounces hard wicks under the pivot and then bounces back I'm like, okay. I'm tired of this fucking chop I want some smooth. I want it smooth. This is a good lesson for you guys What joe just experienced by covering when he was like maybe i'll hold is called trader fatigue And he finally hit his fuse where he goes. Ah, dammit. I can't take this consolidation more. Just give me my money. That's absolutely Absolutely, dude. I've sat here and just watched this for Did you say what I think you said joe cover? What did I say? smooth as a baby's butt He said in dick pics Uh, that's some dude in a In a senate office You know, it's funny is all of these people are going to get ticketed out the ass or even imprisoned like I hope I hope you don't think we can't use facial recognition software to figure out that that hank Williams here sitting at the desk in his shit kicking boots is gonna like You got to be kidding me, dude. Nancy Pelosi is like, wait a second. That guy just sold me my new hondo court I know why don't they all look like drunk rednecks, man Because they are dang, dude God dang joe regrets that covered Do you know what truthfully? I don't actually i'm getting truthfully. I don't no, but I'm with you You know when it when it overnight when we open tomorrow at 367 on a big fat and fat gap down I'm gonna be like But dude, I have to just kind of zoom out here Okay, I'm probably not gonna be perfect. Okay. I'm probably not gonna get the top in the market But if if past performance is indicative of future returns Which it is I've got plenty of opportunity to get back into the trade here. So you know go with the traitor fatigue of You know, like I'm like son of a bitch I'm so tired of watching this bounce off of that pivot point that I'm like, I guess Fuck it. Fuck it. I'm out. Well, that's that's the ping pong of price action So when you're caught in a ping pong as a spectator when you have actually have a position It's just back and forth back and forth dude It's like seasickness eventually you just throw up and you're like just throw in the towel man pay me or Give me my loss, but I just can't take it anymore. It's just too freaking annoying That's called traitor fatigue which everyone in here is experienced and fluid price action is fun This kind of back and forth back and forth back and forth is like pulling teeth or what's called chinese water torture With a drip some water on you just one drop very slowly but over and over and over to the point where you go insane Dude netflix about to breach five hundi Damn, I'll be looking for a scoop on this at 475 bro Why is my shit going so slow? Damn, look at this bleed on netflix, dude That's crazy. That's crazy to me Joey's still there. Yeah, sorry. I was typing back to this member here Are you are you so one of the no, sorry? So one of the comments from one of the guys in the large cap channel and yeah, I believe it guys We actually communicate with our members. Um He said he's taking 60% of what he made today and he's putting it in february put options So basically he's like in 45 days. He thinks within the 45 days. There's going to be a market correction and He's like I think the market is effectively pinned with plays from november election time period here And we'll have more freedom to fall after this week And I I told him I said I absolutely agree with you But what I want to point out here is this is when you're using gains to To like roll up into what you call roll up or roll down I guess inputs, but basically you're you're taking 50% of what you've already made today And you're putting that in another trade that you can hold further out That is what we teach called recycling, but that's it in the options world and So I don't Disagree with that trade at all at all But you only can do that when you have realized gains to draw from Okay, otherwise you're going to get bent you're going to get bent on the trade Okay, just like he's going to get bent over in jail bro He had a he had a great trade that um The member had a great trade he posted this guy actually was the first person to post the headlines of the riots And when I saw his headlines and I saw the pullback I was like I'm in Let's go Let's go. So Props to you, sir. I appreciate you. Props to you, sir Yeah, and so that that's why I'm that's why I didn't carry it overnight is because I just I don't like the overnight risk. Wow. Look at it tank You gotta be fucking kidding me right now to close up shopper or my clothes would have deafened to all of you overnight Look at this shit down a point already Down a point from the clothes already Ah the fatigue The infamous trader fatigue And then it goes the exact way you want it it bro, honestly I wouldn't even know if this was happening if I wasn't in this webinar right now And so that's the mentality I have to have or else I'm just going to sit here and stare at shit Venmo for the next Venmo 20 bro. I'm up in my snake. I need 20 percent now. Fuck that fine I mean you told me to cover it at at that pivot And then I held it and it bounced and then it went back to the pivot and I'm like, all right All right, so we'll settle on like Venmo seven percent eight percent. Yeah, something like that. Yeah finders fee. Yeah I'll take a big muffin today in a big flurry Guys, what a fun webinar man. We do these every single week, dude. Joe and I are as enthusiastic as two people can be Oh, real quickly trader fatigue. What are your what are your solutions for that? Oh, just Go into a coma. Uh, that's pretty much all I've got Look, here's the thing here's the thing trade the most fluid times of the day Trade the first hour if you're short in reversal time Only if you are in a trade set a market hard stop walk away from your computers And you won't experience the fatigue go about your life play around the yeah I mean you guys saw me sit here and do this webinar with tosh and I'm sitting here watching this like constantly watching this and Why why at 3 p.m. Or at 4 p.m. Are we getting all these questions also? Joe 100 percent, dude If you were literally not watching tick for tick on that. I know you would have been holding I would have held it in the golf course like dude. I'm up on my position. I would have still been in Yeah, hunt. That's I still be in but because I'm sitting here watching it chop and hit that fucking pivot 42 times I'm out guys. It ships away at you like water on rock after centuries It literally just slowly takes away and takes away and you go. Oh my god, dude Just just at least like let me make money or let me lose just I can't take this anymore And then you get out and then sometimes maybe it does go your way If your plan is to swing Take it off of the chart set hard stops first profit target and a hard stop Take it off of the chart and trust your plan and then go to intimate with your spouse That's what you got to do man. Get your mind off intimate with your lady With your lady with your guy whatever whatever. I'm not every way you swing We don't judge just get your mind off charts All right, buddy Joe I'm gonna go storm the capital of this sandwich bro, and then I will catch you next week buddy in the capital Dude, we got to make a t-shirt. We got to make it That's the we got to hit up five nine. I'm gonna hit up five nine right now five nine got to do something with it I need I need something. Can you please? I swear to god. I'm DMing right now. I'm DMing him right now If he makes me a really cool design of storm the capital, I'm gonna get two t-shirts one for you See you Joe. See you guys, bro