 So we're gonna get started here in a few minutes guys, so just want to make sure that you guys can see me Give me an audio check video check We're gonna get started a few minutes here. I hope everyone had a good weekend It's very refreshing weekend for me I'm trying to do a better job of actually enjoying the weekends rather than still working on the weekends So I myself am a work in progress But we're gonna get started a few minutes here I thought a really good topic to talk about today was sizing and went to size Because I've been using this analogy a lot, and I really like it and anyway We're gonna talk about everything in just a few minutes guys What'd you guys trade today? I? Personally had no trades today. I was looking around nothing ever got to my desired entry so I was unable to Do anything crazy? E-R-P-T-X yeah, so if you guys are joining us This is a live video, and we're gonna get started in a few minutes here What's up James? No coincidence, it's always the same people that come to these YouTube lives always the same people that make money go figure So if you're just joining us leave a like on the video Give me your thought process We're gonna get started here about two or three minutes basically because this is a live video I wait for everyone to join and then once everyone joins I start on the main topic of the day Which is going to be about sizing today, so we have a great great great topic to talk about today What's up everyone I see a lot of familiar faces here, which is great Yep, exactly and again. This is a live video So if you guys a live video we start in a couple minutes just wait for everyone to get in here Look at around So people have some questions about the Amazon split so maybe I'll talk about the Amazon split in the beginning And then we'll get to the topic of the day the CISO is slowly squeezing So again guys just joining us. We're gonna get started about a minute here Just waiting for everyone to get in here All right guys, I'm gonna clean up the lens, and I'm gonna get started So everyone today is Monday today's YouTube live day Everyone today's Monday today's YouTube live day, so a couple things before we get started main topic of the day is gonna be about sizing and knowing when to bet heavy but Today's actually Amazon's Stock split the first day of the split adjusted price So people have been asking me some questions about Amazon and you know what a stock split is What does it mean for the company and all that stuff? So I'm gonna talk about the Amazon stock split first and I'm gonna talk about today's main topic of the day Which is when to bet heavy and what the size and heavy so If you guys don't already know Amazon Performed and executed a 20 for one stock split, right and the long story short of stock splits are For large cap companies, they're pretty bullish, right? There's two types of stock splits a forward split and a reverse split a forward split is when a stock like Amazon goes from 2000 to like 200 and a reverse split is when a stock goes from two dollars to 200 Reverse splits for small-cap companies are not good news Ford splits for large-cap companies are good news, right? And the best example is a stock like Apple I'm pretty sure Apple is split. I think ten times already five or ten times already So as you can see Apple's the most valuable stock in the world, right? And the reason why these companies do stock splits is because Amazon share price of $2,500 a share is so out of the reach for the normal person the normal investor, right? I'll give you an example if I have ten thousand dollars to invest if I want to buy one share of Amazon That's gonna be twenty five hundred dollars, which is twenty five percent of my account So what ends up happening is a lot of these stocks that are extremely high priced or overpriced or something like that They companies like to do a stock split a forward split so that it could become a little bit more attractive to investors To small cap to small investors to retail investors because for example if Amazon is trading at twenty five hundred dollars a share Let's say you only have twenty five hundred dollars to your name You're just gonna buy one share of Amazon is very hard to diversify your portfolio if the share price is so expensive and what ends up happening is because these stocks split and Because Amazon on Friday was trading at twenty five hundred dollars a share and is today trading around a hundred twenty eight dollars a share The fundamental value of the company has not changed Because just of the share price so for example the way the Amazon's split work is if you have one share of Amazon at twenty five hundred dollars right if you had one share of Amazon at twenty five hundred dollars you are now getting twenty shares Divided by your average price per share, right? So if your average price per share is I don't know two thousand dollars, right? I think the math on that would be and you do the split your math would be a hundred dollars a share Is your share price and instead of having one share you now have 20 shares? So the value of the company has not changed Just the share price has changed and the way human psychology the way humans work is it's cheap Amazon was twenty five hundred dollars yesterday now. I mean on Friday and now it's a hundred twenty five dollars cheap now Right, it's cheap. So the number one reason why companies do it is because it perceives and makes the company look more Undervalued even though nothing has changed about the company. So that's why you see Amazon going straight up to Amazon's up 4.4% today 4.4% is a very big amount for a company like Amazon. So companies do these shares These stocks splits to one make the company look more attractive and undervalued for retail investors Even though nothing has changed Number two is it allows? Institutions and hedge funds to be able to get in bigger on these positions Why is because if a company like Amazon again is twenty five hundred dollars a share if you want to build a position in Amazon It requires a lot of capital it requires a lot of money because each shares twenty five hundred dollars But if each shares a hundred dollars now all of a sudden you don't need as much capital to build into that position, right? It also makes the stock more liquid. It also makes it tradable for the smaller guys You know the smaller guy can't trade with a stock that's twenty five hundred dollars a share But they can definitely trade stock as a hundred dollars a share, right? So overall Stock splits forward splits not reverse splits forward splits the ones that Amazon and Apple and Tesla do are very very very Very very very good for the company Very very good for the company because now it looks more attractive to the small guy Now people feel like there's more upside on the stock, right? As you think in your head the stock is twenty five hundred dollars What is it going to do? Is it going to go to four thousand? Maybe but a stock that's a hundred twenty dollars like fuck Yeah, it's going to go to two hundred and it's the same amount the same value So forward splits are very bullish for the company. I myself I hold long-term Amazon and like retirement accounts So it's nice to see this doing but in terms of investing and all that stuff guys I'm not an investment advisor. So, you know, don't listen to anything I say about that stuff There's my personal opinion It's very good for the company as you the the best example that you could give is a company like Apple That's done, you know ten splits and it's just got straight up since the splits Tesla has done two or three splits It's got straight up since the splits and now the next upcoming one is Google Google also announced a twenty for one split And I think that's gonna be done sometime next month So let's see if we have a similar type of price action on Google It was also twenty three twenty four hundred dollars a share very illiquid stock very untradable stock But now with the split it's gonna be pretty bullish, right? So let's see what happens, but overall Forward splits are great for the company Reverse splits are not good for the company and if you guys want to watch more videos on splits Just go on YouTube right my investing club Stock split, I'm sure we have multiple videos unless does that make sense before I move on to today's main topic of the day Which is the betting heavy example? So again guys is a live video so because a live video I read the comments here So just give me a sec to see if you guys have any questions on that topic And then we're gonna move on to the next topic of the day Okay, it looks like you guys are understanding that that's good. Very good Okay, so now we're gonna talk about the next topic of the day, which is when to bet heavy in the stock market so I Make a video watch list for all the members in MIC What my video watch list is it's like pretty much a pre-market game plan So I make my regular watch list around 9 a.m. And then around 9 10 9 15 a.m I make a video watch list where I record myself going over the stocks I record myself drawing the lines and I record myself being able to Walk you through my thought process of the stock and in the past I used to do the video watch list and it turned out no one was watching them So I got discouraged and I stopped doing it for about six months to a year But you know with the market being as difficult as it is right now I want to kind of go above and beyond and even if you guys are not watching it I still want to be able to put in the effort to help those are actually serious about trading because You know we say it all the time MIC is the Harvard a day trading We teach you guys how to be professional traders, but at the end of day, you know, I want to be jacked I want to be muscular. I want to have a six-pack I could have the best gym membership in the world where Arnold Schwarzenegger, Dan Bilzerian all these people work out But if I don't show up to the gym, I'm not gonna see results So MIC is the best possible gym with the best possible personal trainers But if you don't show up, how do you expect to get results, right? So point is guys that I'm still gonna be here to train you guys. I'm still gonna be here to Educate you guys even if you guys don't want to show up to the gym So the main topic that I've been talking about in the most recent YouTube lives is when to bet heavy in the stock market The stock market right now is in a very weird set a scenario The way the stock market has fallen over the last eight months is pretty much one of the biggest stock market crashes in like the last 20 years and the reason why you don't hear why it's the biggest crash ever is because Honestly, the Democratic Party owns the media the Democratic Party doesn't want to make the president look worse than he already is with Inflation gas prices and now the stock market. So because the Democrats own the media You don't hear that this is the worst possible stock market collapse in history a lot of people are going broke out there, right? So it's very scary, but they're not talking about it. So point is that it's been very hard To trade and make a lot of money in the stock market right now, right? Because what ended up happening is the last couple years everyone showed up and they thought trading was easy You just close your eyes and you click a fucking button and all of a sudden you make money But trading is very difficult. I make more money than a doctor lawyer and engineer combined It's not supposed to be easy But over the last couple years all these degenerate gamblers that entered the market because the pandemic tried to make it seem like it was easy, right and The long story short of it is I haven't had much opportunity to really size up on stocks, right? I haven't had the opportunity and the reason why is because there hasn't been much of an edge in the stock market Right, there hasn't been much of an edge there hasn't been a setup a Pattern that has been so perfectly perfect that I'm saying I'm gonna bulldoze in size, right? And the way I explain it to people is the stock market is very special Because you could bet bigger Once you're already green on a trade So imagine if you're playing blackjack the thing about blackjack is before you see your cards you have to bet but with trading after you see your cards you could bet heavy and that's why it's so Incredible right so For example if I'm just trading day-to-day and I don't really see much opportunities out there I'm not gonna size up on a stock But if I see a pattern if I see a setup that I know Works 10 20 30 times over and over again. That's what I'm gonna size up So let me kind of break this down for you in a very simple way This is the analogy that I use in the video watch list, okay? Say me and me and Tosh are having a bet on bow getting drunk if bow is gonna go to Disney World is bow gonna get drunk Maybe there's a 50% chance that bow is gonna go get drunk in Disney World But if you tell me that same scenario of betting if bow is gonna get drunk or not And you say bow is gonna go to the club I know there's a 99.99 9% chance bow is gonna get drunk at the club So based on that example of bow going to Disney World and maybe getting drunk and bow going to the club and a hundred percent getting drunk Where do you think I'm gonna bet most of my money on the bet that bow is gonna get drunk? Obviously, it's gonna be on bow going to the club Sure, if I bet on him going to Disney World and getting drunk, maybe it's gonna work Maybe it's gonna happen, but that's not a nine out of ten setup So what we've been seeing in this current market cycle is bow's been going to fucking Disney World every single day He hasn't been going to the club. So because he hasn't been going to the club I have not been able to bet big on that probability. So does that make sense guys? That's how day trading works right now. Okay the way day trading works is Replace bow at the club and bow drinking with the first red day setup my most Profitable setup the setup that I made seven hundred thousand dollars on an INDO earlier this year hasn't showed up It hasn't show up doesn't mean that the setup doesn't exist It doesn't mean that the setup isn't here. It just means that right now It's not happening and I have to wait for that setup So every single day every single day when that setup is not presenting itself. I Am not sizing up. I have not seen the Opportunity to size up lately. So I have not been sizing up. You see it on Instagram last year I was posting 10 20 30 50 100 K a day now posting one thousand two thousand fifteen hundred dollar days because The setups are not there right now Eventually bow is gonna go to the fucking club and we're gonna bet big but until that happens We're not gonna bet big on Disney World cuz like a 50% chance of it happening if it's a 50% chance of happening Why am I gonna load it? I'm gonna wait for that 99 point nine nine nine percent opportunity And that's the main thing about trading that I want you guys to understand is that you could bet heavy When the odds are in your favor When the odds are in your favor Bet that's heavy as possible if you do not know what your best setup is because my best setup May not be your best setup If you do not know what your best setup is go to trader view tag your trades Upload your trades do it for two three four months to find what your best setup is and wait for that setup When that setup appears When bow is going to the club bet as heavy as fucking possible, but until then Until then I'm not betting heavy. I'm not betting heavy. Obviously. I want to make shitload of money Obviously, I want to make fucking tens of millions if not hundreds of millions dollars from trade I could do it, but I could only do it when the market conditions are Optimal for that much size Currently as I'm recording this video on June 6th 2022 the market conditions are not optimal to be using full-size So I just been using very small size. I'm going to give you an example Normally when the market is hot, I'm using 10 20 30 40 50,000 shares Right now. I've kept my max size to 2,000 shares I dropped my size by 90% Why is because in trading training is a game of confidence you need to be able to Win small slowly at least to build your confidence because it doesn't matter I'm an eight and a half year trading veteran eight and a half year and if I have a red day. Oh my god damn it Bro, I'm a fucking idiot. I don't know what I'm doing. I'm never gonna make money again All this shit and that's from an eight-year veteran. Imagine you has been doing this for eight days It really screws your head So in trading I am okay having these small days in training I am okay Having scabs because those scouts are not meant to fill my bank account They are meant to fill my mental capacity mental capital bank account in there, right? So I want to be able to keep my confidence up By sizing down whether I make a thousand lose a thousand doesn't really change my life But if I oversize and I lose 10 20 30 thousand dollars in a market like this It's gonna be very difficult to be able to make it back because the setup of bow in the club The 99% set up that I could bull those into is not here right now. Okay, does that make sense guys? I want you guys to understand because everyone always tells me. Oh my god I'm not able to get full size on the stock. I was only able to get a starter Well, the reality is if the stock is not your best setup if the stock is not your ideal a plus bow at the club setup Why would you even try to get full size right because what I did in the past is I went full size on every fucking stock Right, that's how I thought you're supposed to do it, right? And you learn through trial and error that you don't go full size on every stock and the best example is Disney World Maybe there's a 50% chance. He's gonna get drunk at Disney World So are you gonna bet all of your chips on a 50% chance? Maybe if you're fucking degenerate gambler, but if you're a professional trader You're gonna wait for this motherfucker to go to the club You're gonna wait for him to order a bottle of Hennessy You're gonna wait for him to see a couple Asian girls and then that's it It's game over you you got a board get your house and bet as big as possible for that scenario because there's no coming back from that one Okay, well that makes sense guys does that make sense and that's why I'm trying to give you guys these examples in trading I want you guys to relate trading to the real world because sometimes trading this doesn't make sense Sometimes it kind of screws your head So I try to give you guys these real-world examples of what I think about right what I think about and now sure The market kind of sucks man It kind of sucks my my biggest trade of the year was on a first red day a bow at the club set up I made $700,000 in one day and ever since then I've been up and down up and down up and down And that's okay because my thought process tells me that this bear market is gonna wipe Everyone out and if we are able to last the storm of the bear market What follows after a bear market is always a bull market the stock market is designed to go up long term Okay, there's way too many fucking billionaires that control the world that have all their wealth tied up in the stock market They're not gonna let it go down for me. They're gonna let it go down for a year Maybe they're gonna let it go down for two years and then for the next ten years They're gonna make it go straight up. So my my goal guys is to not exhaust myself. My goal is not to You know over trade my goal is not to bank millions and millions dollars when that market comes back you best believe I'm gonna be here or trading and Sizing in and loading in but when that opportunity does not present itself I'm not gonna be here forcing because very early in my trading career I was forcing trades and I was losing money and it took me years and years and years to learn and that's why you guys are here That's why you guys are learning from these videos That's why you guys are watching these videos is so that you could learn from my fucking mistakes I've made millions and millions of dollars trading millions of dollars and the IRS took half of it But before that I mean millions dollars trading and I've been and I've done all the mistakes that you're gonna do So the reason why you show up to these videos is so that you don't make the same mistakes. I did right so that makes sense guys I hope that bow in the club analogy sticks because I'm gonna be using it very very often There's a very very very very very simple way to understand when to size up into stocks So do you guys have any questions for me? And if this is all making sense leave a like on the video Subscribe to the channel. We're really trying to make this channel grow The problem is that I don't really flash my watches. I don't flash pretty girls So no one really likes these videos instead We give you the sequence of how to be a millionaire and no one fucking cares. So go figure How long do you think we'll be in a bear market for I think it depends Depends depends on what the Federal Reserve wants to do So what's my strategy now in a bear market same strategy as before just waiting for stocks to tank and shorting at resistance Yeah, right and again guys we recently launched our referral program So if you go to my investing club comm slash VIP if you refer a friend or a family member to M.I.C You get to keep 10% of their membership value So any other questions for me guys? Oh also, I forgot June 22nd June 22nd We are hosting a live trading event for M.I.C. members and success trader clients So June 22nd be prepared for a live trading event for everyone. So Yeah, I Think I'm gonna wrap it up there guys. I think I got a lot of great topics in this video I try to keep it short and sweet so that you guys learn and someone has to we teach large caps We teach large caps options small caps swing trading everything everything except futures pretty much So if you guys have any questions, let me know what I like to do on these videos I like to have you guys leave a comment on the videos So if you guys want to leave a like and leave a comment on the video one lesson that you learned from the video I pick one person every week to get a free monthly membership of M.I.C. So yeah guys, I will see you guys back in the room and I hope this video help So thanks everyone. Have a good day