 All right everyone today is Monday December something. I don't know. I lost track of the days it's 10 30 in the morning and What I like to do if this is your first time watching these videos And I like to walk you through my daily trading process and talk about what I did right what I did wrong How I can improve and then together we could kind of open it up to Q&A after so first things first is If you are new to trading or new to MIC me about put together a free two-hour course for non-members This is kind of your crash course into trading into MIC Members have already seen all this stuff. So you don't have to watch it. It's available at my investing club.co.co not com The way we do is it's reserved seating every single week If you do not reserve your seat You are not guaranteed a seat if you cannot make it, please give up your seat to someone else so that they could see it So that's at my investing club.co. It's our free two-hour course kind of our way of giving back to the community number two is Starting tomorrow Tuesday me and Tosh are starting something called the trader clinic. The trader clinic is exclusive for our lifetime members only We want to kind of find a way to give back to them because they are the ones that are always participating They are the ones that are always asking questions. They're the only always the ones that are showing up early So we decided to create a webinar for them This is gonna be once a month with me and Tosh You could kind of bring in your charts bring in your ideas talk about what you did right what you did wrong and me and Tosh are gonna mentor you in a smaller group environment and help answer your questions and help get into more advanced stuff with You guys that's for lifetime members only annual members get to watch the replay for this, right? So we want to kind of include them as well so Let's start with the first thing that I want to talk about and now we're gonna get into trading So me and Bao have been talking about this for a long time That MIC is too cheap and that we are gonna raise prices We didn't know when we were gonna do it, but I can officially announce now that after December 31st is when we are raising our prices Current members are going to be grandfathered in for life So if you are a current member now, you will be paying $179 for ever Unless you cancel if you cancel you have to pay the upgrade of price So the way it's gonna work is our new monthly price is gonna be $199 a month Our new annual price is gonna be 1970 for the year so this is a $20 increase from the monthly and about a $200 increase from the annual and Why are we doing this right? Why are we doing this? Number one is we are the only people out there that include all the education for free, right? We have over 700 videos for members We have for free treated trading DVDs that we do not upsell that we do not upcharge for So because of that there's so much value in joining the monthly for MIC You could join for a month and absorb all the knowledge for free in your $179 price, but the way we're gonna do this now is that We've been kind of telling everyone for a very very long time that price raises are coming that's coming So you had over a year to lock in your prices. So we don't really feel bad anymore raising our prices We don't feel Upset because in the end of the day we want to do this to help as many people as possible But we've given everyone the opportunity to sign up when the prices were cheaper And now it's kind of time to raise the price So the monthly after December 31st is going to go up to $199 a month Or $197 a month the annual is going to go from $1790 to $1970 So you have about a month to lock in your prices There's gonna be No way for you to go back to the old prices So just so that you know all current members will be grandfathered in for life So if you're paying $179 a month now or $1790 for the year now As long as you do not cancel you will lock in that rate forever If you cancel and want to come back you will be at the increased price Because that's the only way to keep it fair for people. So that is starting after December You will not be able to find a better value even at that price because we are again the only ones that Share all the trading DVDs and all the trading education free We are the only ones that throw free events and free meet-ups And at the end of the day people don't appreciate the value that we are giving them So maybe this is gonna be your kick in the ass to finally join before prices run out So if you are interested in joining or upgrading or anything You can message me on Instagram or Twitter or you can hit up Tosh if you're already in M. I see But this is happening. This is kind of the official announcement that's happening So yeah, we've given everyone plenty of time to sign up before this happens. So that's that Number two is let's get into trading, right? Let's get into trading What I like to do is walk you guys through my process in the morning I like to let you guys know what I am doing and the point of this is for you guys to understand that What you should be doing is taking pieces of What my process is and fitting it into your own process? This does not mean copy me This does not mean replicate me I have a very different personality than you guys. I am very very different. I am my own person So what works for me might work for you or I might not but the point is to take a little piece Is there anything I do and mold it into your own personality and that is what's going to create your process And every time I talk about a process I talk about your routine I talk about something repeatable that you can do every single morning to make sure that you give your chance To give yourself the best chance to succeed in the market So let me catch my breath and then we're gonna start So your process always starts the day before right always starts the day before so Sunday Sunday is when my process for Monday starts Monday is when my process for Tuesday starts you understand because all depends on how what you do the night before as well Right, so I'll give you an example It's kind of similar to what happened last week But I had a little bit of a small party over the weekend had a bunch of friends over So Sunday is my day to relax. I don't really like to do anything I have a couple friends drinking beers and hanging out and well I always do every single Sunday is no matter if there's party if there's this or that I let my friends do whatever the hell they want, but me myself I go to bed at 9 p.m. Every single Sunday The reason why I do this is because I want to be well rested and ready for my trading day on Monday Because what I've learned about myself is Monday is my worst performing days because I'm so fucking excited to trade Over the weekend that I go in too early. I have too much FOMO my entries are wrong because I'm too excited to trade, right? so Because of this because of this I am trying my best to I am trying my best to stay more accountable on Mondays So coming into the day today woke up early 6th of the morning Got to my desk and here's what my process looks like. I am number one looking at the low-hanging fruit I am looking at the stocks that tanked on Friday and Looking for them to bounce today So that I could short it when every single person forgets about it, right? When every single person forgets about it. So coming into this morning, I think there was one low-hanging fruit Start with an S. Can you guys put it in here? I already forgot it S-S-S-E-S me? No, not S-E-S something with an S when you guys posted I'll mention it But there was one low-hanging fruit S-A-V-A. Thanks Joe. There was one low-hanging fruit and that was S-A-V-A Tanked on Friday and what I wanted was a pop towards two dollars to short it And that was basically my plan. I had some fantasy orders out there and if I popped the two bucks I was gonna short it Reality was it didn't really pop right it didn't really pop So let's just put that on the side for now. We'll get into the trading when the market opens But S-A-V-A was a low-hanging fruit that I wanted. I was excited for it That was my best play for the day and then after I look at the low-hanging fruit I look at the stock sort of gap it up the most. I'm looking at the stocks that have the highest percentage gainers It tried to determine if they fit my criteria so One the highest percentage gainers in the morning pre-market was a CHV, right? It was a CHV So in the morning when I looked at a CHV I saw that it was around a dollar eighty or two dollars and I looked at the daily chart I saw 250 and my plan was to short the stock near two dollars and fifty cents because that's where the daily chart was So fast forward to the morning the stock went to two dollars and just tanked, right? It just went straight down and the reason why I love these setups is Because the stock showed its true colors pre-market the stock showed us what it was gonna do pre-market. So What I like to see is I like to see a stock that is downtrending pre-market all the pre-market pops up and is downtrends all day and why do I like to see that because to me that is a Stock that is showing its trend early pre-market and for me that is an edge because now I know that that stock is in a consistent downtrend Trend of the stock is going lower So my job as a short biased trader is to look for these stocks that are continually making downtrends and wait for what we call a dead cat bounce for it to bounce us to short it and then Continue its way lower. So this morning on a CHB my plan was to short like 150 140 160 Just a little bit everywhere just little pieces everywhere in case it bounced because what it's gonna end up happening is Stock is going down. It's gonna bounce and it's gonna keep going down, right? So that's kind of the play that I was looking for in the morning That was kind of another one of my top plays for the morning and then What was the other stock that was popping up today with the OBS V? I think was the ticker You guys could double-check on that in the chat in a second But that was also a stock that was making the same trend pre-market as well. The stock ramped up pre-market Yes, OBS V the stock ramped up pre-market and just tanked all the way pre-market. So I'm thinking of my stuff Okay, this is similar to a CHV. This is similar to What I was looking for on my bread and butter setup, but What was was kind of the constraint right? What's the constraint here? I was maybe just a little bit scared because I haven't really traded that stock in the past a CHV I've traded in the past so I understand its personality, but this OBS V I didn't really trade in the past and that wasn't just me getting into my own head That was me kind of screwed up my own mentality, but I so I took myself out of the equation I said, all right, don't let my emotions get in the way What is the trade telling me this char looks identical to a CHV, but it's just a different price so In the morning in the morning my game plan was to short a pop towards a 550 or 560 again A dead cat bounce. I wanted to join pops to short a stock That was down trending right again notice how simple this shit sounds right? I'm not over complicating I'm not putting a fucking Fibonacci here. I'm not doing a long division here to figure out the perfect price I'm telling myself the stock is fucking going down So all I have to do is wait for a pop on a stock that is down trending and follow it that is it So I made my plan in the morning OBS V correct shorted I posted my chart on Twitter and and in MIC and Basically, what I did is I shorted 540 starter position With the plan to add towards my ideal level, which was 550 and 560 reason why I want to get in a little bit early just a little bit earlier with less size is Because the stock was down trending so much the stock was so heavy that I didn't even think that it could get to 550 I didn't even think it could do that. So this is kind of like a little bit more advanced thinking but What I recognized is that because the stock is not going to Possibly get to where I want to be at least let me take a small piece smaller than normal Just so that I am protecting myself right just so that if it gets there I'm making a little bit of money and that's gonna be my trade So I top ticked it around 540 and literally literally 30 seconds later It went down to $5. I covered it and I made about a little less than 400 bucks $380 and to me, I know it sounds ridiculous I know it sounds stupid and don't fucking judge me for saying it but $380 is nothing for me That's like this. I don't even if someone says take $380 get out of bed. I'll say fuck you I don't want it. That's just me because I'm so much more used to making more money and that's just me Being honest right there's me being honest I know that it's wrong to not appreciate any type of money, but after I've been doing this for so long I know my Worth and I know my time and for me I would just rather sleep some more rather than getting paid 400 bucks And I know it's stupid, but that's just me kind of just telling you guys what it's like to be Trading for so long. I know other people would fucking kill for that type of money But this is just kind of me saying that trading it's kind of crazy because in trading only in trading a 308-hour day could be considered a slow day in trading a $5,000 they could be considered slow in trading a $10,000 they could be considered slow So don't let that kind of fuck up your mentality So I made my trade in the morning I made my $380 bucks and that was in fucking 10 minutes, maybe maybe in 10 minutes that happened So here I am 940 a.m. Up 380 bucks now. I have a choice right now. I have a choice do I a Cut myself off for the day be Keep thinking I'm a fucking expert and try to trade everything or see just wait around and see if anything else happens, right? And what I ended up doing is? After the stock Kind of after I covered at $5. I told myself The pattern is that a stock like this should have a dead cap out right it should have another dead cap out So my plan was if it bounced towards you know 520 or 530 kind of the middle of the range right next to where VWAP was I would take another small starter another small short anticipating and waiting for a 540 550 push to get some size on and I got a 519 short and I covered at 5 bucks or 505 or some shit like that So on my first trade I made 30 or 40 cents on my second trade. I made 15 cents So here I am up 45 or 50 cents to share on two scalps right and that's amazing so This is something that I talked about in last video And I really really really want to make sure that you guys understand it in this video as well Your goal as a trader is not to make 30 cents in one trade Okay, your goal as a trader is not to make 30 cents in one trade Your goal as a trader is to make 10 cents Two to three times a day, and then you are done trading for the day and let me explain that I Know for a fact That I can make 10 cents to share with my eyes Close I know for a fact that I could make 10 cents like it's nothing. It is nothing Nothing, but to make 30 cents is exponentially tougher Exponentially tougher right it's exponentially tougher to make 30 cents in one trade. So what do I do? I? Want to make 10 cents on three trades and walk away rather than making 30 cents on one trade And that is because making 10 cents is very very easy If you are making 10 cents to share on a thousand shares That is a hundred dollars if you are doing that three times that is three hundred dollars and that's all you need So don't feel like just me that's making three hundred five hundred a thousand two thousand is what your goal is every single day Sure That could be your goal when you're trading for six years That could be your goal if you're trading for a long time But as a brand new trader which most people are is your goal is to make 10 cents on three Different trades a day and that doesn't mean I have to find three trades every day I have to find three because Alex I have to find three. No, even if you make 10 cents on one trade That is fine. That is fine, but don't feel like you have to over trade as well because The truth of the matter is this man the truth of the matter is this In trading in trading there are certain setups. There are certain times There are certain opportunities that are more optimal than others. For example, OBSV was a great opportunity This stock was down trending all of pre-market. It told us its trends so early in the day We didn't have to guess if we didn't have to anticipate it All we had to do was join it right all we had to do was join that downtrend So if there are opportunities like OBSV where you see that it's very very clear That is very easy to make 10 cents if you see opportunities like a CHV Where the stock tanks and although this time we didn't really get a bounce but next time it's gonna bounce and that's gonna be our trade so Your goal as a trader is to find these optimal setups that are gonna pay you out 10 cents in One trade or two trades or whatever it is and just take it from there. I Only used a thousand to 1500 shares on OBSV today I only used a five thousand dollar Cash position to be able to make four hundred dollars today, right? What is that fucking eight percent? I don't know whatever it is, but The key is that it doesn't take much money to make a lot of money in trading Don't think that you have to have a six-figure account a seven-figure account to make big money You know, it doesn't take much money because at the end of day Most of these brokerages these days are giving you four to one leverage anyway So even if you have two thousand dollars an account with two thousand They're gonna give you eight thousand dollars to trade with that doesn't mean that you're gonna use all eight thousand and one trade But as an example today, I'll use five thousand dollars worth of my hundreds of thousands of dollars in buying power And to me that was more valuable than having all that I needed you understand so Your goal as a trader your goal is to not make 30 cents Homerun trades every single day your goal is to make a small amount of money With high probability setups that you know you can repeat That are consistently paying you money. The reason why I am on knock on Wood but the reason why I'm on like a month-long winning streak The reason why I'm up 65 70 grand in a month is not because I'm lucky It's not because I'm doing anything different I am okay these days taking a $300 day whereas old me would have said bro You're up fucking 70 racks on the month. Why not just risk a little bit trade a little bit more And so what if you lose two thousand bucks, you're still up 68,000 What I realized that's toxic mentality It took me this long to understand that mentality and the reason why am I sees here the reason why We try talking about this stuff is so that your learning curve is cut down You don't have to make these same mistakes and me about it for six years for five years You are gonna learn these wrong things to do you are going to learn what not to do wrong, right? You're gonna learn what's not to do wrong the reason why MIC members are successful is because they are learning what to do right from the beginning They are learning the good habits from the beginning and they don't have to unlearn their bad habits So if you are a brand-new trader you should and have not joined a foo roo scam or a pump and dump this and that Consider yourself lucky. Consider yourself lucky because you don't have to unlearn the bad habits, right? You don't have to unlearn the bad habits. So does all this stuff make sense to you guys? Give me like a like or a thumbs up if this shit is making sense Let me just catch my breath for quick it's kind of cool out here Interact with me guys interact with you write some messages comments So I see I see all the shit. Just let me know that it's starting to make sense to you man let me know that this shit is coming in because Once you learn the basic technicals of trading once you learn the lines and the charts That is you're just getting started. You're literally just getting started That is the easiest part of learning trading is learning the charts learning the lines and learning the trends the hardest part The part that most people don't fucking talk about is this It's fucking this bro. I Don't consider myself smart man. I don't consider myself myself smart I don't consider myself an expert I don't consider myself a genius But I know for damn fucking sure when it comes to trading I am the most disciplined and I let this fucking do its work. I let it do its work I'm not disciplined when it comes to eating chocolate cake I am not disciplined when it comes to exercise. I am not disciplined when it comes to Doing certain things but for me for me. I know that trading can change my life I know that trading can give me a life a 1% life, right? I know that it could do that So I would rather get fucking fat and eat my chocolate and lose my discipline there So that I could be fucking focused and use my discipline where it's needed, right? And this is not saying that you shouldn't go work out and you should become a fucking fat ass It's just saying that every single person is different man. Every single person is different. So Just understand that we are all on a journey together We are all trying to get to the same point together And I know for a fact that if you are surrounded by other like-minded successful people that are dedicated and Motivated you are giving yourself the best chance to succeed rather than joining some fucking discount bullshit service only because it's cheaper You get what you pay for and MIC members are successful because they understand that you know You're gonna make more than five dollars a day trading and if you're losing more than 179 a month Shit, maybe it makes sense to at least try it for a month That's what ends up happening people join for a month and then a week later They say they love it. They want an upgrade to annual and a month later. They love it They said I'm gonna be here for life and they upgrade to lifetime. So Let me just catch my breath man. Let me catch my breath in front of this beautiful house so that you guys can see it Any questions guys any question Really hope I don't get sick. All right, so now we're from the beautiful house Time catch the breath. What do you guys think of the new haircut? Went like a little bit shorter on the sides. If you guys don't care I was having a conversation with James the other day and He said that I'm finally at the point where trading has become fun And I'm like, bro. It's supposed to be fun. It's if you're doing it, right? It's supposed to be fun, man so Trading should get to the point where it's fun and boring if you are looking for excitement If you are looking for a rush probably doing the shit wrong Some questions are coming in. Let me answer those How do you learn tape rating? Do you guys have anything on this? We have tape reading videos and we have replays of tape videos so that you can learn from How do you deal with fear before entering a trade? That means that you are lacking confidence on the trade That means that you are trading a setup that you are not comfortable with and chances are you are in too big So I would say number one if that is a setup that you are not familiar with paper trade That set up first if it is a setup that you are familiar with and you're just afraid to take it Chances are that you're probably using too much size to size down and realize that the only way to make money in the market Is to risk a little bit of money and that's where stops coming. That's where all that stuff comes in Eric how much you pay for haircut this time this time I went to my Turkish guy. He's $30 with tip I would understand why people are not taking advantage of my sees YouTube channel free content There's more value than gurus pay the 80 courses. No shit We have almost 500 free videos on YouTube, right? And still people are not getting it But they would rather join a discount $50 a hundred dollar a month service and lose all their money because they think had getting a shit. That's Cheaper is more valuable Will there be lifetime membership after December 31st? Yes You don't have to join M. I see you could join someone else's service and pay $1,000 to get in and then you could pay $4,000 for the DVDs and then you have no money left to trade and then your gurus has bad internet And this and that so anyway It is up to you. We do not need you How much volume am I looking for on a low hanging fruit? Well, that's a good question on the low hanging fruit day aka day two Volume is important, but not as important as the volume on day one If on day one the stock did not trade at least a million shares. It cannot be considered low hanging fruit on day two So like I mentioned earlier in the video We are raising prices after December to $1.99 a month and 1970 a year You will be current members will be grandfathered in for life as long as they do not cancel if they cancel you have to pay the Raised prices. It's the only way to keep it fair for everyone else. We've given everyone almost 16 months to lock in their prices so I mean look it is totally totally up to you if you want to join but You should really listen to what our members are saying because it is there's also a big difference between someone that is Good at trading and someone that is good at teaching just because you are making a fuck ton of money trading Does not mean that you could teach other people as well The point of joining a community is so that you as a student could learn to become like a teacher, right? You as a student can learn to become a teacher. What you should do before joining anyone's community is Ask their members what they think are the members making money, or are they all still struggling? What up James? I was just talking about you man Yep, still a bargain at $1.99 a month man still a bargain and That is still cheaper than everyone's fucking DVDs out there But hey, this is your chance to lock in prices again if you are late and You do not join before the price raise that is totally your fault because we are giving you ample time to get in or Prices get raised. So I'm walking back to my house now. I got a few more minutes So bring in some questions and I will answer them And my seat will guide you to do it yourself exactly Exactly you are learning how to fish rather than being handed a fish And let me tell you something for all those lazy fucks that want to be handed a fish Secret is you're getting scared if you join anyone with voice alerts or text message alerts or email alerts Notice that the guru is always getting in before you you are chasing them If they did not have the volume that you bring in by chasing them, they would never make it reason why am I see a specialist because we talk about it after the fact we want to educate you after the fact so that You could understand what it is like to trade if one day me or bow or Tosh is not around anymore If the guru or food doesn't show up for the day, you're a dear in headlights You don't even fucking know what to trade, but our members actually know how to trade and that's what gives them an edge And notice every single day I am sticking to my process to it is Raining outside. It is fucking raining and I'm still outside walking, right? I know But I did my process even for one day is gonna screw me up My broker is Cobra trading my platform is DOS trader If you are using TD Ameritrade or Schwab or e-trade Chances are you're not gonna find borrows to short because those brokers do not specialize in that stuff. So You should probably join someone like Cobra or them or even trade zero, but I don't trust these international. I don't know I'll stretch guys come back home last questions Let's talk about the trader clinic webinar, I think I did trader clinic is starting tomorrow at 7 p.m It isn't the lifetime member only channel lifetime members only have access to that. So I'll post the link there. I Think that's it guys Now is your chance to join before the prices go up? Why not center point over Cobra? I think center point is too expensive. You cannot make money after paying all their fees I know a lot of traders that used to use center point are now coming to Cobra for the free locates and the no overnight fees Center point charges three times overnight and a bunch for locates. I Didn't even pay money for locates that Cobra had it for free What is the format for the webinar me and Tosh are just gonna kind of open it up to you guys Questions trade recaps trade reviews charts that you have ask us anything It's up to you. Whatever you guys want is what we're gonna do, right? So I think that's it guys, I'm going to wrap it up now If anyone has any questions about me or I might see you can find me on Twitter is to Graham There's everything in the link in the description And I'll do this too and I'll do this too if you want to if you have any questions that I might see or you're curious Go to Tosh's Instagram, which is linked below send him a DM and He will fucking call you today. All right. If you send him a DM and ask him to call you He will call you today. So that's just gonna be for today only Tosh. Don't kill me, but Gonna give you some work to do so for watching I'm gonna try to go inside and stay warm not gonna leave the house again It is too cold and it is raining too much. So most trader clinic is at 7 p.m. Market time So thank you guys. Have a good day and hope you guys kill it trading