 Alright guys today's Thursday. Obviously, I don't usually do these videos on Thursday, but I try like shit today, man Like shit. I try it's so bad today, and I just had to come on here and just teach you guys a lesson from my terrible horrible Goddamn terrible training today. Okay, so let me talk about what happened and let me kind of explain You know what was going on so? This week we are today's August 26th so this week specifically the market has changed the market has changed to be in favor of the longs Rather than in favor of the shorts for the past I would say two or three weeks the market sentiment has been on the short side meaning if you are a short seller These stocks are tanking like that, and if you are a long buys trader, they're fucking tanking So the market moves in cycles guys sometimes the longs are in control sometimes the shorts are in control Usually there is a catalyst usually there is a signal usually There is a reason why the market shifts in one direction or shifts in a different direction The market shifted towards the short buys traders when two stocks had offerings I think it was PBS T or PBTS It was one of them and Sorry, and s o n n was the other so two hot runners PMC B and s o n m two hot runners both had offerings This triggered the small cap market to be short dominated The reason why this triggered the small cap market to be short dominated because the long buys traders Were very scared to buy these stocks, and it makes sense if these stocks are being pumped and the same day They're being dumped. Why would you even buy them? So the market sentiment after those catalysts has been the shorts have been dominating the shorts have been in control Now what shifted the market back into the longs favor and the reason why I explain this guys because you guys need to Understand the reasons why the market is moving the way it is moving So for past couple weeks the market was short dominated because the offerings This week the meme stocks rebounded AMC and GameStop rebounded Whenever these meme stocks rebound it means that the people are holding them They're making money money when they're making money. They want to buy other shit with it Okay, so because the meme stocks rebounded it was a catalyst for these long buys traders to start buying all this random shit So the market this week shifted in favor of the long buys traders Because the meme stocks AMC and GameStop were back in play Does that make sense? So the market cycle shifted to shorts because there was offerings shifted back to longs because the meme stocks were back in play Now what does it mean when the market is in favor of the longs? It means that shit is running pre-market like BluW right it means that shit is continuing on day two So as a short buys trader if you are trying to do what you did two weeks ago in this market You're gonna lose money. So that's kind of the market cycle that's been happening So I kind of want to explain what the hell happened to me today and talk about my trades and explain everything so Let's start with this B.L.U.W my shit So B.L.U.W is what I want to start with guys. So the reason why this is crooked Okay, the reason why I want to start with this stock guys because you could see pre-market or actually let's go even further Let's look at the daily chart. The daily chart was trading at $9. There's no history. This is a pump and dump guys This is a pump and dump. There's no chart history here, right? So anyway So we see the stock being pumped by famous Furu. He's buying it at 13, 14, 15, 20, 25, 30, 35, right? He's pumping this shit up on nothing guys on nothing. He's pumping it up, right? So I'm thinking in my head. This is the hot chick of the day This is the stock that everyone is obsessed with and this is the stock that everyone wants to trade It's currently halting down and about to go red. This stock was up 200% and the chatroom pumper was telling everyone to buy at 30, buy at 30 and it's now at 11 Okay, so this is the market we're in guys. Anything that's moving is being hyped up This BLUW was a pump and dump guys. It was a pump and dump But because the longs have been dominating this market. I was so scared to short it, right? I was so scared to short it. So I left it alone But in hindsight you can see that there is a death line here, right? So the death line is one of our setups that we teach hindsight. It's a death line set up I wasn't really involved whatever so when this stock in the morning was taking attention I Shifted towards what stocks people didn't get a little fuck about right and to me that was teacat So let me kind of show you guys what happened with teacat and I'm gonna explain that so Give me a sec. This is teacat from the previous day guys. So teacat from the previous day ran up dip down Ran up and kind of dip down and today pre-market If I just kind of extend it Today pre-market it was down to ten dollars Okay, so I need to make sure that we do this the correct way. Give me a sec. Just trying to scroll down here Okay Maybe this is better. Okay So before that moved it that so this is what I see pre-market on teacat I see a stock BLUW that's running up on air. So because BLW was running up on air I said to myself no one's gonna be focused on this stock No one really cares about this stock. This is gonna be a stock that people forget about so I just drew my lines, right? So my lines are very simple on the stock. It's the whole and half dollar marks I have 10 50 and 11 and then I have 11 50 Right and then I have 12 So this to me this to me was a stock that went from $12 This was a stock that went from $12 all the way down to ten dollars So I thought to myself there's no way in hell No way in hell this thing is even gonna hit 11 if it hits 11 50 I'm gonna be blown away if it hits 12 It's all in short and if it hits 13, it's the fucking hell froze over that was my thought process And my thought process was that because we had a hot chick on the day BLUW was running teacat was on day three of the move, right? So I thought to myself there's no way in the hell this thing is gonna bounce right no way in hell And what happened guys? What happened? So let's zoom in on this stuff, right? Let's zoom in it went from It went from my first line to 10 50 It went to my line at 11 50 and then it went to my line at 12 and all of a sudden it went to fucking 14 dollars Right, and I'm thinking I'm sitting there mesmerized. I cannot believe my eyes I cannot believe what I am seeing and I posted to the members in the room that my stop on this was 1215 I broke all my rules on this. I broke all my rules on this teacat I didn't stop out and I screwed up now. What happened? Why did I break my rules number one is when it went from 10? 50 to 11 it halted and then when it went from 11 50 to 12 to 13 it fucking halted So there's two halts here. So all of a sudden the stock that was broken at ten dollars Broke above the previous days high and I've been training for about seven years guys and seeing a stock That's down 10% coming back and breaking the previous days high happens once a year It happens once a year and it just so happened that it happened on this teacat stock. So We say in trading that our setups work 90% of the time Well, this is the 10% of the time that it didn't work out and I should have stopped out when it broke The previous days high of the day or I should have stopped out at 12 instead I was arrogant and I had an ego Now why did I have an ego? Why did I not stop? Why did I not follow my rules today? It's because I was playing the cushion game guys So let me explain what the cushion game is the cushion game is when you are up on a trade You use that realized game to pad or to cushion your unrealized losses, so it is a false sense of confidence that the cushion game is giving you So in the morning I made a bunch of money on RGC. So let me explain RGC RGC was a pump-and-dump this stock went from $18 all the way up to $40 and then went up to $60 So this move here from 50 to 60 was every single short blowing up Okay, so after the shorts are blown up. There's no one to be squeezed anymore. There's just the idiot longs So the same pumper that was pumping BLUW Pumped RGC right here. So let me explain what happened BLUW was pumped in the morning and all of the chasers and all of the buyers that missed out on Buying it for ten dollars a share. We're like, oh my god If this pumper is pumping RGC, it's probably gonna go up ten dollars a share. I gotta buy it I gotta buy it. I gotta buy it right and what ended up happening is they failed to realize That BLUW has no resistance. It's going pumped up. It has no resistance RGC has fucking twenty dollars worth of resistance guys $20 worth of longs that are stuck So in the morning when the chat room pumper pumped this RGC up. I mentioned to the members in the room I'm short at $43. I shorted right here at $43 because It's not gonna have the same parabolic move that BLUW did Because it already had its parabolic move. The only people left in the stock were the longs that were stuck And if it bounces they're gonna get out So on RGC it went from $43 to $33 I made $10 a share on the stock right. I made $10 a share. I was up $13,000 on the stock so on RGC I made $13,000 and I'm thinking to myself. Okay, I'm up $13,000 on this I could afford to lose money on TCAT. No, I'm an idiot. I am an idiot I should have stopped out and I should have followed my rules. I was using RGC's cushion Right, I was using RGC's cushion to pad my losses. I was an idiot guys So this is why I want to come on here on YouTube live today and explain to you the cushion game Explain to you how I fucked up, right? So what ended up happening guys on TCAT is I had a 1250 average my average was somewhere around here like My average was somewhere around here around like 1250 after I added Like an idiot and then I kind of covered down in the 1220s And then I reshored and I made some money back on this dip But like to be honest guys this stock here going from fucking 970 to 14 does not happen This is the 10% of the time that the trade does not work And that is why we need to use hard stops me an idiot. I fucked up guys It was not the algos. It was not the institutions. It was not anything except me. I Fucked up the driver. I fell asleep at the wheel Right. I fell asleep at the wheel because I already made a shitload of money on RGC And I told myself, alright, well if I'm up 13 grand on RGC, I could lose 10 grand on TCAT And I'll still be fine wrong wrong wrong wrong had I just covered for a loss like my plan told me I would have shorted 14s. I would have made a fucking double or triple the amount of money thing So today's lesson guys today's lesson is don't ever think anything is impossible I had I would have bet my fucking car that this thing wasn't gonna hit $13. I would have bet my car It's not gonna hit $13, but the market is irrational. It doesn't make sense sometimes So having a hard stop in would have saved me not playing the cushion game would have saved me And this is just a lesson for you guys to always have your hard stops in and remember our process works 90% of the time And the 10% of the time that it doesn't work We stop out and we save our money So yeah guys sure I'm up fucking 18,000 17 thousand dollars today great great great great But I trade like a fucking jackass. So you know my punishment is guys for trading like a jackass I have to wire out my account and I have to size the fuck down because I am trading like a fucking donkey I am trading like a donkey. I have been on a massive winning streak I've made hundreds of thousands of dollars in the past month on my winning streak. I am overconfident I'm playing the fucking cushion game and this is the wrong fucking time to replaying the cushion game because this is a Market dominated by the long buys fucking traders. Does that make sense guys? Does that make sense? That's why I want you guys to understand I have no reason to come on this YouTube live other than being able to vocalize and verbalize that I fucked up and that I am an idiot. Okay. I am a fucking idiot. It wasn't the Algos. It wasn't the manipulators It wasn't the fucking scammers. It was me and that's what's gonna happen. Sometimes you're gonna fall asleep at the wheel Sometimes you're gonna fuck up and the days that you fuck up you better fucking find a lesson from it You better learn from this you better educate yourself from this because what I learned is anytime you fuck up There's a lesson my lesson today was the cushion game My lesson today was fucking not using hard stops because I was an idiot But I was a and now I am punished right now. I am being punished, right? So let me show you something guys. Let me show you something so Just so that you guys can see just so that you guys can see Here is my account balance right Equity balance is 80,000 and I made 18,000 that 80,000 is now gonna be wired out to 35,000 that wire out is because I'm a fucking idiot I cannot trust myself right now I am my own biggest enemy and because I am my own biggest enemy. I need to control the bleeding now any time You are on a hot streak you should be wiring out any time you are getting sloppy you should size down and Today was my fucking signal that I'm an idiot that I broke the rules that I I didn't Expect the unexpected I thought there's no way the stock could do whatever I thought but remember you are always wrong The market is always right. So these are the lessons guys You know, I had a member DM me today and he's like, bro This is my third time taking a max loss today, and I was like Why you why you stopping like what's happening, right? Let's find the reason why you're losing and let's create a process around it. He's like well I'm trading zombie times. I'm trading MRNA. I'm trading SAVA. Oh, and I'm revenge trading So wait, you're revenge trading you're trading zombie times You're trading the hot chicks and you're asking me while you're losing every day. I mean come on guys So don't be a fucking idiot. Don't be a fool There's always reasons why you are losing and today I explain the reasons why I'm losing and I'm creating a Process around it. I'm creating a fix around it My fix is wire out and size down for a week as punishment. So you know what my punishment is I could only use 2,000 shares max size, you know how much shares I use our fucking RGC today Like 5,000 shares, right? Or maybe I use I think like 10,000 shares on t-cap, right? So I am dropping my size 80% because I am an 80% fucking idiot. Okay, and sure I made 18,000 sure. It's great. I walked away green. I am ashamed of that $18,000 loss because Next time it's gonna be a $180,000 loss. So don't be fooled by the P&L guys. Don't be fooled by oh, you're green This is building bad habits and that's why I want to come on here today to be able to verbalize it to be able to Express it Because I know that a lot of you guys are going through the same thing and you know what I'm fucking human Bow is fucking human and think about this if bow lost a bunch of money yesterday And if I fucked up today think about how hard the market is so if the market is that hard this week What are you not doing sizing down guys? What are you not doing sizing down? So anyway, that's all I want to talk about today. This wasn't to fucking come on here and fucking sell MIC this wasn't to come on here and fucking brag This is to tell you guys that I fucked up and I am now creating a process and Creating a routine to make sure I do not fuck up tomorrow The way I'm not gonna fuck up tomorrow is my account is gonna be so fucking small and my size is gonna be so fucking small I have to be selective. So that's basically it guys. I appreciate you guys listening I appreciate you guys understanding and you know what? Thank God. I'm green, but I don't fucking care I don't care about that green because right now that green day feels like a red day because I broke my process Ignore the P&L Focus on the process today. I'm ignoring my P&L I'm focusing on my fucked up process and I'm gonna come a better man and a better fucking trader tomorrow So fuck everyone that says it's the algos fuck everyone that says it's the institutions. It is you We are driving we are clicking the mouse. It is us, right? So anyway, man, I'll see you guys