 One of the most common questions I get asked is, you know, how do I start day trading? So what me and my mentor about it for our viewers on YouTube is create a free mentorship course that reveals our 12 secrets that every single brand new day trader should know before they get started. But please take note that there is limited seating every single week. So please reserve your spot at myinvestingclub.co. Link is in the description. All right. Enjoy the video, guys. What's up, everyone? It's Tom Diesel here. Hope you guys had a great weekend. And also, you know, today is 31st of October, you know, the Friday was the last day of the month of October. And so I hope you guys been killing it and really look forward to November and, you know, try to end kind of this year strong. 2020 has been crazy, you know, with the sector moving coronavirus and all that. So try to, you know, finish, you know, strong the year strong and, you know, basically trying to stick to that process daily. That's all. That's, you know, all it matters. Take what your process gives. So today I'm going to go over one of the topics that I mean, I've been getting, you know, really good questions from a member. She's been asking me about Tom. I mean, I mean, I've went over this topic for, I mean, not in details, but, you know, I've gone over it in several videos before. But she was basically asking me, how can I identify, you know, when to scalp, you know, when to add to winner and when to hold for the old day faders, right? And I think that's, you know, pretty good question as well. And so I just want to go over this today with you guys and, you know, hope, you know, you could get some of the, you know, I hope I, you know, at least I could help you guys who have to kind of identify those and for you guys, you know, you know, what to look for, right? And when to kind of, you know, scalp and when to add more size and when to recycle and when to hold, you know, for the old day faders. So I'm going to bring up some charts here so that you guys have an idea what I'm talking about. So yeah, let's bring on EQ. This was running on Friday. And I think it's this one is pretty good example. I mean, it's, it's like this. It's not easy to know how much, I mean, as, as a short buyer straighter, right? I mean, this video is basically for shorts only since I'm 100%, you know, short buyer straighter. There's no way for me to know that how much or like, you know, how far the stock is going to tank, right? If I knew, I would probably really, you know, get a lot of size here, you know, load the boat here at some point and just hold it, you know, if I knew that the stock would, you know, went to a, you know, 8.9 or whatever, 8.5 year and tank to six. I would get my, my shares up here and then hold it all the way to six, right? There's no way for me to be able to know that, right? And, but there is a way how to kind of guess it, you know, the potential, you know, what I'm, what I'm trying to say here is there's a way for you to kind of guess how much of the meat is left, right? On the bone. I was like, how, how, how much, you know, the meat is left, you know, from the move and you, you try to take the meat of the move. Okay. And this is basically what Bao is, you know, telling us daily, you don't need to, you know, top tick or bottom, like bottom, taking it to, to be able to make money, right? You, we can, you know, easily take the meat of the move. And if we can do that consistently, I mean, that's, that's really one of the advantage and, and we don't have to even stress about it, right? And that's one of the way that I've been trading, you know, for a few years now, I like to take the meat of the move and, you know, I want to stress free money out. I just want to get in and get out one, you know, quick trade and, and, and that's it. Right? Basically, pretty much, I could say that I'm pretty much a scalper if you want to call it. Uh, so, um, regarding that question from the members, uh, from, from, from that particular member has been asking me, so how can you identify if it's a scalp or if it's a, you know, a recycling, uh, or if it's, you know, the older trader, right? So first of all, there's, there are, you know, like several things or what I'm looking at here. So first of all, I want to see, I mean, a UQ, uh, the first thing, uh, I always check is, uh, you know, uh, the market cap and, and, and all that, right? Uh, let me check it here real quick. Uh, I think this one is not a typical kind of a small cap kind of company. Uh, has a 145 million market cap shorts flow around like, uh, one, uh, like, uh, 13 million, uh, hang on one sec. Hey guys, my name is Tosh Bradley. I'm one of the head mentors of moderators at my investing club. If you have any questions about getting started in trading, getting started in MIC, MIC in general, text me at 213-458-5997. This is not a robot. It was me directly on the other end of my business line. And, uh, we'll get you in the club. We also have special promotions going on that I can get to you depending on your trading needs. Hit me up. Back to the video. 13 here, 145 and, uh, you know, for, for the big charts, I mean the resistance can basically tell, I mean, you know, like, whenever you see this type of chart, sorry cookies, this, this type of chart is like, it's, you know, it has pretty decent volume here. Basically it was that, that this line and it popped back to that 25 and, you know, and, like basically the stock is, is really broken and yeah, you know, you can easily tell from the daily chart, you know, uh, like everyone is buying here. So those are, you know, pretty much the baggage, right? And so if stocks, uh, will show up some sort of movement pop here and, uh, you know, probably it's going to fade. Uh, I'm not sure about the filings. Uh, if it has anything on this. Yeah, this one, uh, 14, 8, 5 million shares. Yeah, so I, you know, it's, it's been a while since I do a video on, uh, how to check the filings, but, uh, I was going to say here that they have asked three from 2019, uh, you know, 250 million, how many times they use it, uh, uh, this one wants how many here, 150, probably I'm not sure if they use it all, uh, this one, yeah, nothing. And that one, you're five million shares per share. So seven, seven bucks. So 35, right? So 150, 35. So technically they still have like, I think, you know, I'm, I'm not really good with filings, but technically I think they still have like 50 millions to kind of, you know, dilute. And yeah, so I just want to paint the, you know, the big picture here, right? So, uh, I know that the stock is, uh, uh, it's pretty, uh, the crappy companies went to like, you know, 25 and then I stopped here. So, uh, I know that, you know, if, if stocks show some sort of movement part back to some, uh, that resistance line, uh, likely it's going to fail, right? But I don't want to anticipate the front side. And so first of all, there are two things I'm looking at here. So first I paint a whole picture, right? And all the flow and all market cab and all that. The second part here is I want to see the intraday, right? Uh, to, to basically look at the chart. And so, uh, by looking at the chart and you can tell, uh, basically this was like a 4pm, uh, on Thursday went to like nine tang, uh, it's broken, right? And in the pre market, it went back to that 2.5, 2.5 line here again, apologize. Um, and then, you know, it rejects. So by looking at this, you can tell how much meat on the bone on, you know, stock has. So basically this is the range from the stock. Okay. So 6.6, let's say 6, uh, 6.8 here to this 5.5. This, this is where the stock is grinding for the last few days for the last like a week or so, right? So I know that these, the area of basically that's, that's the best case scenario that stock is going to tank to that, uh, to, to those areas, right? So if I want to be, you know, conservative a little bit, I just want to be, let's say I want to, uh, put this, uh, like a divide by two or whatever, uh, 6.5 here to 5.5. So technically, you know, for me, six would be the ultimate target, like the best case scenario, it could get there. Right. So once the stock, when I, when I determine, you know, basically the potential target of the stock, right? And now I look at the current price actions in the morning. And let's say if you trade it around, you know, let's say you didn't, you know, even anticipate this, uh, pops, but you tried to, you know, let it, you know, uh, kind of, uh, tank here. And then you shot back the bounce, right? I think I did short here at 7.87, but, uh, I ended up covering way too early, but, uh, um, so, uh, basically, uh, if you're shorting up here, right? But you have to kind of zoom out and keep things in mind that, okay, so I have to kind of, uh, uh, have a plan or, um, I mean, you know, it's, it's really hard for me to kind of say this because everyone is different and everyone has, and you know, you guys are trading differently from I am, uh, but there, uh, you know, I just want to show you guys how to paint the big picture, but, you know, at the end of the day, it's still up to you how you want to kind of approach it, right? But as you can see here, I just explained the six is a potential, like that's the ultimate target, right? And the stock is, uh, let's say the stock is moving around 7.8 and eight here. So technically you have two dollars, you know, probably left, uh, for it to tank, right? So basically that's the meat of the move. Okay. So now you know that, you know, this stock is giving you potentially probably two bucks, uh, you know, on, on, on, uh, on potential move. So now you have to kind of plan it. And this is, this is really the, this is really the secret part, right? And everyone is different. Everyone has a different, you know, share, share size. Uh, also everyone has a different risk management. And I will lay out some of the examples here. So let's say, you know, that's dog. Okay. So it starts moving at eight now. And it has like two bucks, probably to like the best case scenario, it has two bucks to tank, right? And as you are like, uh, more like the old day faders kind of guy, or like, you know, if you are like bear, you want to take the big meat, like, uh, the, the big move, you know, uh, from the stock, you want to, yeah, guys. So if you need, or if you still have, uh, questions, uh, regarding this topic, DME anytime and, uh, any meantime, uh, yeah, good luck everyone. And, you know, try to finish, uh, November strong and also December as well this year strong. So yeah, I see you guys on, uh, next one. Take care.