 Hey traders, this is Tosh. I go by T Bradley 90 in the my investing club chat general reminder for those who do not know MIC is having a one-year anniversary event where bow is going to be trading live in front of our members It's coming up August 17th mark your calendars as an added benefit to our members. The event is free Entirely and exclusively for annual and lifetime members. That's a hundred percent free while lifetime on top of that get extra coaching Before the event and guaranteed front-row seating while most charged for these events We show our support by making it free again for annual and lifetime members If you are interested in signing up and attending for this event DM T Bradley 90 in slack chat and or email Myself at Tosh at my investing club calm now today We have a very special video for you guys as one of our head moderators Austin who goes by a loha trader in chat is Back for his weekly webinar in which he talks about MIC strategies market conditions and how he details his trades in this video He talks about longs verse shorts and anticipation versus confirmation While this is just a preview of the full-length almost two-hour webinar If you want to watch the full-length video or any of our exclusive content then become an MIC member All right, so long versus long versus shorts I get that I get asked a lot about this like hey, are you mostly a long trader here? You mostly a short trader, you know, everyone in the room seems to be long I can't do like, you know or everyone in the room, you know, or sorry No one in the room is long everyone sure I'm having a hard time Like, you know, I don't know what to do because all of my plans like I have a plan and then everyone else's plans are against mine or You know, I can only sure how do I improve my long game? So I want to kind of go over that kind of stuff today And so, you know, I'm gonna go over some important trades this week and again kind of thin Kind of thin on the stocks Pretty slow lately. We're gonna go over market sentiment couple trader topics. This is one. This is kind of a new segment I'm calling it trading center where I focus on like actual planning of trades. I Got some important stuff I want to talk about here and then we're gonna do the Q&A. So as as the as the webinar goes on if you guys want to Just throw questions out there. I'm gonna scroll up at the end of everything and I'm gonna scroll up at the end of everything. So I won't miss your question if you guys ask. All right, so let's get to it All right So BLN was a trade I took yesterday or the day before And this is problem. This is like my favorite trade Oh shit, not that big This was like my favorite trade kind of all week because it reminded me it was like what I call a roots trade. Oh shit It was what I call a roots trade It's a conviction short which like, you know, which you know is how I started trading it It brought me back to my roots. That's why I call it a roots trade It's normally these kind of trades is when there's a horrific daily chart if you look at BLIN here This is this is this is Tasha's favorite chart. This is my favorite chart. I'm sure this is Alex's favorite chart This is like a short sellers like dream chart. Like I remember when I When I first started trading we had a lot of these and now I kind of remember all their names You know, like I've seen so many go by like like LBIX and GBSN and EBIO and Gosh, I don't even know what ETRM is nowadays, but it looked like this There was INBT and Sino all these names that had toxic charts like these which is reverse split sell reverse split sell reverse split sell This is every time it gaps up can't hold the game every time it gaps up can't hold the game You know it gaps up can't hold the game and each time it kind of creates these bag holders and or this mental resistance, right? This not necessarily I don't know how many I don't want to call I Just called them bag holders. I don't know how many bag holders actually hold the bag as it goes from it was never 120 But pre-split and it just keeps tanking tanking tanking, right? So I don't know how many people of those there are but ever the point is everyone sees this chart and knows that like they Don't want to be holding at the end of the day because every time at the end of the day It dumps or by the end of the week. It's lower. It's like new lows, right? So this kind of chart is where a chart work Like people might try to long it throughout the day But at the end of the day everyone does not want to begin and that's what makes these trades kind of special So ideally like when when furus get involved in these stocks, it's literally like a gold mine It's literally a gold mine when a furu gets in on these charts. It's literally so Like you like, you know, you know that that mean where the where the thing comes up, right? Like that, you know, the eggplant comes up. That's this chart right here It's like whenever you see something like this if a food gets involved and they start pumping it It's almost like like this is your size up trade So this is I was really excited and I knew I should have held it longer too But there was one thing that I was taken into consideration and that was the volume on the stock We were trading really high volume the first candle was one million chairs and 500 thousands in the next in the next few and That's you know as as a longer I've grown and as a shorter I grew I learned to respect this and a longer I've grown to like this So even though it was this toxic daily chart I should have saved like a piece for for lower just because I know it's it's part of the stock But like just it's habit by now for me to respect high volume Anyway, I'm not gonna go too far in depth because I made a I made a video about this But essentially like I had a starter short on the stock Trying to trade around four dollar line on this name too This this stock had a little bit more momentum around it this this gapped up above pre-market highs so I actually had conflicting thoughts on this because everyone from yesterday's underwater but I felt like everybody was going to be afraid of the stock because of how how big it moved it ran yesterday So I was trying to not be afraid and It just didn't work out cut it immediately So I was expecting some fear and I didn't want to be afraid even though I was down so I quickly cut it I you know, I I saw a little I saw a little opportunity for a scalp here and I took it And then this I had a nice trade on this earlier I was able to bounce this with the idea that every single short yesterday was under water so that I wanted to buy the first morning wash PRBB, I'm sorry guys. I actually don't like the only picture like I traded this on Friday when or Friday or Monday? Crap dude, what's going on? No, I traded this was on Monday I traded this on Monday and I was on a while ago. I was in transit. So like I didn't I didn't actually have like I didn't have light shot on that computer So I just kind of took a picture of all the trade on my phone I even posted it on twitter and stuff you can you guys can see my buys Like it's it's even in chat, but like I didn't have a good picture to to to show here And I'm sorry about that but This is probably my like this is probably my favorite long pattern And like a couple a couple of people messaged me in the last week. Like what's your favorite long pattern? I'm glad I got I have one to show PRBB The timing is perfect like 945 like it's still in the morning. It's still where there's high volume. It's still where Big moves can happen. It's mid-morning. It's my favorite timeframe to buy Um pre-market. This is a standard failed breakdown pattern It's my absolute favorite pattern like and and this was picture perfect too So pre-market we have lows here, right? We have pre-market lows here at $10 and 50 cents this is where the sock pull and and and bounce right the first bounce here And we you know, we bounce we bounce here like three or four different times And so I'm like, okay 10 50 is the level and what better like you guys have seen all of my other videos My favorite is when we open at a level of support and resistance because then it's like the colors truly get to be shown What is this level? Is it resistance? Is it support? Like I love it when we open I don't like it when the level I'm interested in is far away from because then like Then you often get FOMO, right? You get FOMO like Like oh, it's spiking up to my level. Do I short before the level? Do I wait? Do I do I move my orders down? Like what if I move my orders down and it goes up? Like, you know, like or what if I wait for and don't get filled? Like, you know, I hate that kind of stuff So when it opens at my level of interest is when I'm truly I was when I'm the most happy Okay, so market sentiment. We were kind of busier this week Then then then prior weeks in terms of like we had NB I guess NBY and PRVB kind of mirrors GNCA and solely Like maybe let me go last week but two weeks ago or maybe yeah, maybe last week. Um, they're big squeezer. So At least we've been getting some kind of You know consistently we've been getting at least one or two a week So it's it's it's not one every day or two or three every day Which is like what we like to see, right? But at least it's it's something to get us through the summer But I gotta say it's hard to it's really hard. The discipline is really hard in these weeks guys It's gotta gotta stay patient gotta stay like if there's nothing good You don't have to trade like especially if you recognize this like I've noticed guys like alex is in chat and like And and tosh and chat and even james have been doing it too where these guys have been posting that they have been um They have been cutting their buying power at like, you know at around like 10 30 after the first hour like Good, right? Like you don't want to waste your hard earned capital, right? Like on crappy setups, right? Like and also this is a time where I'm sizing down too. Like I don't like to like this is where like historically I lose money too So, you know, like I don't like to be like pushing in this kind of market and like I recommend I guess that um, you only push when you're um when When your setups that you know Are your a's and your b's are are frequently present, right? You don't want to It's better when they're frequently present because when they're When when there's not a whole lot of anything. It's really easy for your brain to say Oh, yeah, this is a good setup when it's really not like and the way you ask yourself this question The way you figure this out is go go back to a good chart that you had and find a stock that you traded Um, and that you a setup you loved and said if there was something like that today Would I even be looking at the stock that I'm looking at? um Anyway, so what I want to talk about today. What have you got? Oh, wow um, what I want to talk about today is long versus short beginning a lot of questions about this and Uh, I've said this before for people who haven't um for people who haven't heard um, what I like to say is that when it comes like When it comes to small caps, there's always the game, right? We all play the game The game is the stock is going to go up up up and eventually come down, right? That's the game and we all play the same game like You know, some of us try to long on the front side. Some of us try to wait for the back side Some of us try to anticipate the back side. Good luck to those people um But um the thing about a short that makes a short successful in this game It doesn't matter if you're right. It's like your idea that it's going to go down Like it's worth It's worth less than you know It's worth less than you know, the people on this life. Never mind. It's a bad joke. It's worth less than done basically um I think it's going to go down. I think it's overvalued. All of this stuff is so worthless, right? Like it's like 1 of the trade 99 of the trade is timing Timing timing timing timing timing they all come down But the question is when right? That's not this isn't it's not Normally and i'm going to say all Because I remember ren right ren didn't ren did not come down But you know, that was like stock of the year a couple years ago or like ry i that one was a big squeezer, right? Like so for the most part like 99 of these stocks they all come down It's just when so your your your analysis of like it being overvalued is almost worth jack um And with the long it's kind of the opposite right With the long it's all about the idea like the idea is kind of paramount You have to be right on the stock, you know what because they don't all go up Unlike sure it's like they all come down not every long is going to go up and I learned this the hard way Late 2018 and even some of earlier 2019. Anyway, um, it's now i'm not open to to q and a's Yeah, x's i'm still ain't come down um Everybody's still here. Oh perfect. Thank god. Oh god. That would have been bad If I lost the feed All right, so I didn't miss much july earnings for you Well in small cap land brian in small cap land Yeah, I know that I know I I can't wait to trade long big caps during that time cutting buying power has been great um I did record things we had the same trade on blend. Yeah, we did then um Cutting buying power has been great. I did when I first started trading force. Yeah, I like that reserves emotions preserves mental capital Robotic trading all that good stuff Yeah, man, like that's it really is like when you can just like Let the trade do its thing. It's just um It's it's it's a cool mentality Uh overvalue plays no role 90 percent. I smoke a blunt never done it before man Um It depends on what you learn longs can be safer. I agree. I definitely agree Infinite gain. Yeah Elevator upstairs down. It's yeah, it's so it's so annoying It dries um Takes years to diversify to long and short and small cap. Yeah, it does Um little instinct you yet this comes over time Anything can happen on a single trade. Yep. That's why you can't you can never go too big on any one trade Because then you're gambling your chance to trade Yeah Um Good webinar. Thanks. Um, love those checklists to keep the process in there. Yeah, I'm like I printed them out I definitely I printed them out when I was first creating these because I wanted like my goal for making the process was I wanted to eliminate all decision making Of the trade like when the trading day was happening I did I wanted to I wanted to take the trade basically make it robotic I wanted to take the trade out of my hands And I'm not trading the stock My process is trading and I'm executing my process right That's that's the goal of the process is to eliminate all the decision making in the middle of the day because you know why Like level two is going to make you change your mind. It's going to make you cover a perk It's going to make you're going to see a big bid. You're going to you're going to do all this stuff, right level two It's like Level two is going to just mess with your mind to have a trading day You're going to make all these decisions that deviate from the process like trust the lines trust Trust what you pre-determined because what you pre-determined your process is based on logic and based on your study And based on what you know is like most traders are smart enough to just most most traders are smart Most people who try trading are smart enough to do it. It's not emotionally capable with it, right? Because if their emotions drive it away, well, if you're sticking to the process, that's all the emotion out Um, yeah, so happy to take questions. Um Make sure I didn't miss any I didn't And I guess if there's no questions and I just You know pat on the back. No, I'm just kidding Uh, yes, it will Yeah This sock has been nuts Beyond man What what a low flow for an IPO bubbly I cut out cut out all sugar Um, cut out cut out all sugary drinks for my diet Yeah, man, we've got a you got a Like I was just so afraid of getting kidney stones. Like I just don't want one I just don't want never have one I don't want one I'm too afraid to have one and I was like, man, I got when I first started trading here in Hawaii like I was drinking like all I was drinking like the punched rock star Like all the time and like man, it just makes me feel like such shit And I was drinking that for like a year and it's so bad um Thanks, britney What what do you what do you do if your first trade is a loser? And then you work the rest of the day to break even a small profit or a small loss Um, if I do that I smack myself at the end of the day because then I'm not supposed to do that um But here's here's I think a better way to answer that question What I do is I anticipate Oh, what I try to do before I enter the trade is I try to anticipate Is this stock going to be a pain in the ass? Is it worth it? But can be a pain in the ass? um, if it can be a pain in the butt Then I I almost anticipate that I might lose the first time and I I do kind of go in a little smaller on my first trades If it's like super volatile or I feel like It has the potential to be a headache I'll either just ignore it Or if I do decide to trade I kind of like start smaller so that like on a quarter Quarter r or a third r or like a half r at most of that way if I try a second time Maybe like I can go a little bigger and recoup the loss I don't do that all the time though and it's only for headache stocks um And then you work the rest of the day to break even or small profit or small loss. Yeah, like I mean Sometimes when I take a loss in the beginning of the day, I don't try to I try not to trade to make it back But sometimes it humbles me and and it makes me think yeah, dude Just because you had a great week last week doesn't mean you can just like trade whatever It's sometimes I fall into that habit and so like then it really makes me like, you know like Like zone in and like hey, let me like at least scout my way back to break even but like Uh, I try to avoid this mindset, but sometimes it actually makes me trade a little bit better when I lose first Hey traders, this is tosh I go by t bradley 90 in the my investing club chat Just wanted to reach out and say if you have any questions about m i c joining m i c Maybe you're a member already you have three ways to contact myself personally and through m i c you can hit our social media You can hit me through pms and chat or you can contact us through my email at tosh at my investing club.com That's tosh at my investing club.com. I will get back to you in a timely manner And i'm saying this because i'm here to help and I don't want anybody to be afraid to reach out and ask any question That they have we are here for you guys. All right. See you guys