 Tuesday usually bow does an Instagram live on Tuesday, but because he is in Hawaii for a much-needed vacation I am here doing a YouTube live on Tuesday. So a couple things I want to talk about is I want to kind of talk about my training today I want to talk about the market action today, and then I want to kind of open it up to audience Q&A Okay, so first things first is we've been in a very very slow market, right? And this is completely normal guys like after one full year of non-stop non-stop non-stop non-stop action It is only normal to have one or two weeks of slow action What people don't realize is before the coronavirus before day trading became the craziest thing in the world Summers were historically slow the saying is sell in May and go away because usually from April to like August is like dead market action is very slow all the hedge fund people are out on vacation Everyone is partying. Everyone's relaxing people are gone. So the volume is very low in the summer So summer months are historically low, you know for the past seven years that I've been trading Summer has been slow five out of those seven years Let's say and last year we had the coronavirus which kind of lit up everything. So this is totally normal market action Now here's the problem all of the new traders that start trading at 2020 or all the new traders that started trading this year, they have no idea how to trade a slow market They made so much money so much money so much money getting lucky Then now when the market slows down now when it gets difficult, they're slowly bleeding out, right? And this is where experience comes in. This is why you are here learning, right? It is because you want to learn from traders who have experienced all types of markets Not just markets that go straight up and have millions of runners every single day, right? So number one is this action is completely normal. Okay stock market isn't dead The scams aren't gonna stop. It's not it's cycles guys. The stock market moves in cycles Small caps are hot and then they're slow and then large caps are hot and then they're slow So right now we're in a cycle where these large caps are going crazy Tesla is up like crazy and video is up like crazy These stocks these large cap stocks are where all the attention is right now, which is totally fine We just need to know how to trade our small cap stocks So again, if you are just trading for the first time this year and you are struggling the past two months My advice is to size the fuck down Because in the past what happened for me is I would make money January February March April May June I would just bleed it out. I was slowly lose money every single day every single day because what was working three months ago It is not working now, right? And again The key for me what has helped me in this slow market is sizing down my max size is 5,000 shares now my max size is 2,000 shares, right? My max size is a thousand shares now my max size like 300 shares 400 shares and the reason why is because if there is a Lack of opportunity if there are not many setups if there are not many stocks moving I cannot risk my hard-earned money on these setups So all of these chatroom pumpers all these frauds all these text message screen share all these losers Are gonna start to lose all their money because they're gonna start to realize oh wait my pumps aren't working Oh wait, my members are losing their money. They're not gonna resubscribe. They're not gonna buy my pumps They're not gonna do anything so This market right now is what separates the professionals from the amateurs You know by the end of this year if this slow market action continues I would say 90% of traders that started two years ago gone forever Gone forever because they don't have risk management. They don't know how to trade a market like this They don't understand a market list. They don't know that shit. I can't just be buying pre-market anymore I can't just be shorting this I can't be doing that So guys my advice in this market, okay, is if you are a long be extremely patient Wait for stocks at zombie time and go long at zombie time. Okay, if you are a short I suggest making a checklist of red flags on these stocks. So for example, let's say Stock XYZ is moving today XYZ is easy to borrow. It's SSR and it's low flow Okay, if it's all these things you write it down SSR easy to borrow low flow and depending on how many red flags they have That's how you could size in accordingly if a stock is easy to borrow low flow and SSR You better fucking run the other way, but if you are a long maybe that is gonna be your signal to go long a zombie time So this market action is very slow This market action is very prone to losses and very prone to over trading So what happened today to me so today I made $2,000 and I was trading VTV T So like I mentioned in the morning, you know, this market action is miss low It's been nail and bail only it's been kind of waiting for these setups and VTV T was the first stock in two weeks That's traded above 50 million shares of volume. Okay, and usually in this market If a stock is trading 10 million shares pre-market, it's pretty hot if a stock is trading 40 to 50 million shares At the open within the first hour. It's pretty hot So VTV T was kind of the first time that we saw a stock actually not go straight down, right? And you know, I was wrong. I had a plan to short at 320 The stock went to like 320 and then to 350. I covered on a dip at like 330 I lost like 600 700 bucks and you know, my other trades made up for it But you know in this market, I'm reminding everyone that shit, man Like if a stock is easy to borrow if it's day one, you just don't just don't fight it Don't mess around with it because what's gonna happen is because the market is so slow Because we have had a lack of action. It is going to take one stock One stock to catch everyone off guard and light the market up for another one or two weeks Usually it's gonna be stock. It's SSR Usually it's gonna be a stock that's easy to borrow or usually it's gonna be a low float stock So when I see these warning signs, especially during an extremely slow market, I'm not fighting I'm taking it off. I'm just waiting and I'm praying to the stock market gods that this is the stock that goes from one dollar To $20 or one day and lights people up because longs have the money Longs are flush with cash. They made a shitload of money for a year and a half So they're basically just waiting for that right opportunity to put it in whereas shorts right now I am a short sell right? I'm primarily short bias. So I understand how a short seller thinks Short sellers right now are like fuck. Yeah, man. I'm shorting easy to borrow. I'm making money. Fuck. Yeah I'm shorting SSR. I'm making money. Hell. Yeah, I'm shorting low floats. I'm making money You know, it's gonna happen if you keep doing that if you keep doing bad things like that The one day that this new crazy short squeeze stock is gonna come you're gonna fucking blow up. Okay? So I'm warning you guys We are just a few days away. Maybe a week away from a massive Massive short squeeze stock. It is likely gonna catch a lot of people off guard because what's gonna do is this It's probably gonna run up in the morning. It's gonna tank down It's gonna reclaim VWAP and then go straight to the moon. That is what I think that's usually how starts It usually traps people it gets short sellers excited They make their money on that dip when they go to reshort It's gonna fucking parabolic up. So that's my advice guys So if you leave with one thing on this video, right, it's that advice right there warning signs Low float squeezer is about to come. Do not fight. Do not attack. Do not do anything. Okay? We are it's like a bunch of hyenas, right? So a bunch of hyenas right now are all around looking for food looking for food Everyone's looking to attack and the moment a piece of meat comes in that's so irresistible Everyone is gonna flock to it. So in MIC our process I am going to remind you guys every single day in the room Which stocks to trade which stocks to avoid and which stocks to focus on right and that's the thing So I've been doing this for seven years now So I kind of have an intuition of what stock is good. What stock is bad I would say that my biggest talent as a trader is stock selection So even when I was trading at a prop firm and I was being kind of mentored by dr. Steve Barger who's a trading coach He knew that my edge was stock selection because I had a 90% win rate anytime I touched the stock there was a 90% chance that I would win on it and that is because my stock selection I know which stocks to trade and which stocks to avoid and that's what I mentor people on at MIC That's what I help people on that's why I try to narrow it down on Okay, so that's that so do you guys have any questions about that before I continue and While I'm doing this. I'm kind of looking at the market Seeing what all these stocks are doing Okay, so because I see no questions. I'm gonna move on So one of the main questions that I get and I'm going to answer it Right now is how long does it take to become a profitable trader right so number one is You know, everyone's trading journey is this is different, right? So we have members like fey who found consistency in one month Whereas I have a friend Nico who was in MIC when we first started that took him seven years to find consistency, right? For me, it took me about two years to find consistency and that was because we didn't have MIC So the number one question is how long does it take? I mean, it's pretty much all up to you guys I mean You know, it depends on how much work you put in, right? Let's say let's say you're going to the gym, right? Someone that's going to the gym one day a week versus someone that's going to the gym five days a week is going to have totally different results You know, if you join MIC and you watch one video a week versus someone like james that watches a video a day Chances are he's going to find consistency faster than you, right? So your success your consistency is a direct correlation of how much work you put in Are you attending the webinars? Are you watching the videos? Are you participating? Are you asking questions? I could guarantee that if you are doing all that you're going to find consistency in six months to a year but Someone joined MIC two months ago and they cancelled today and I asked I'm like, hey, why'd you cancel like I just I'm not I'm not learning yet. Like I haven't found consistency yet. It's been two months. I haven't been consistent I'm sorry guys, but if you guys are joining and planning to find consistency in one or two months It's an anomaly. There's a 99 chance that is not going to happen You know, how can you expect to go to the gym and get massive muscles in one or two months? Same thing with trading How can you expect to go to college and try to be a doctor and try to learn how to be a doctor in two months? Is impossible and most of the time those people will never find success in anything in life because they're too lazy So don't come in here asking or trying to find consistency in one or two months. It's not going to happen It's probably going to take you six months to a year But I guarantee if you bust your ass for six months or a year For the next 10 15 years, you could do whatever the fuck you want with your life And that's what people don't get. So that's number one So now I'm going to open up to audience q&a. So I'm going to take questions from the live audience right now So put in your questions guys and let's go through it Oh, and leave a like on the video. Additionally, I almost forgot. So claudio one of our moderators is having our first Spanish speaking Webinar for swing trading tomorrow at 7 p.m. Market time So if you are into swing trading and you speak Spanish as an mc member You will get access to this webinar for free It is going to be tomorrow at 7 p.m. Market time in Spanish. So we have a Spanish speaking channel in mc Thank you to claudio for uh moderating that So yeah, our first Spanish speaking swing trading webinar is tomorrow at 7 p.m. Market time So be sure to attend and thank you to claudio for doing that So now let's open up to q&a guys. So i'm going to take q&a from the members right here in the live audience So let's go through it So you ended up shorting lgvn. You said not to short pre market ended up trading it uh at the open I want to understand why you change your mind. So yeah lgvn Was being pumped in the morning at the open So because it was being pumped and because it rejected that 9 30 level I decided to take a starter short risking 9 50 So that was a starter short on a resistance level Risking 20 cents based on a pump And I didn't yeah Is misc recommended for a 16 year old? I've been in the market for three years man If you if I started at 16 bro I would have way more money than I have now and I was just studying for three not even three years man like If you're 16 right if you're 16 right now I would suggest using it as school right extracurricular activity. So joy misc Learn the process learn how to trade educate yourself as if it's a class as if it's a course And then when you are ready when you are comfortable then you can start trading real money But right now it's 16 year old. I don't think you should be trading real money I think you should be educating yourself first Under what condition do I short at the open it depends on my plan If I have a resistance level that I plan to short I will short it if a stock is randomly being pumped Which means that there's artificial volume I'll short it but pretty much guys most of my trades are pre-planned If they're not pre-planned I make a plan right before I Trade it. I want an entry. I want an exit. I want to stop How do you manage your stop loss when the spread is big? I mean you have to account for the spread if the spread is big You must use less size to make sure that you do not get trapped And there's a lot of times guys that you know, we warn against trading stocks And then we trade ourselves and that the reason why we warn against it is because 90% of traders We'll get stuck and we'll lose money on those stocks because they don't have a process They don't respect the process. They don't respect risk management So even if I tell you guys to ignore the stock It's because I know that beginner traders are going to lose on that stock Whereas I'm using hard stops whereas I'm planning or as I'm pre-planning And usually if I say that I'm trading the stock or looking to get into a stock It's it's it's going to give you guys the false sense of confidence, right? I want you guys to learn how to trade right and 90% time if the stock is risky long term You will be successful if you do not trade that stock How often do you let your borrows go to waste? I mean it happens. It's just a cost into a business What makes misc different than other platforms number one is we do not pump stocks So if you're joining any other community that has a screen share a voice share Or text message alert email alert you are the product what they're going to do is they're going to buy the stock They're going to alert it and as soon as you buy you're going to get sold into that is a pump and dump 99 of other communities sole business model is to pump and dump into you and that's why when people join misc There is a 90 chance that they will stay We have the highest retention rate in the industry because once someone joins They make enough money to cover their membership plus more every day How exactly does misc work you join misc you watch the videos? We have an educational course of videos that you're supposed to be watching to educate yourself We have a study guide We have mentorship and then after you watch the educational videos You could then attend the weekly webinars to brush up your trading because you know what worked one year ago Is not going to work today. So every single day every single week We are updating our content to make sure that it is relevant to the current market action And then additionally on top of that if you are still struggling You could literally get on the phone with one of our moderators and they will mentor you for free included in your membership So it's basically like misc is basically like school With additional extra help and counseling and mentorship to make sure that you are getting the best results out of your trading And again, if you want to see what misc is about Go to instagram.com slash my investment club and look at our testimonials You know, there have been scams in the past where all these fraudster chat rooms are paying actors to make testimonials Right. We have over a thousand testimonials from real members Not paid actors. So don't take my word for take their word for it If you guys just join for a month, I guarantee you won't leave But the problem is people have been scammed in the past and they don't trust me How much weight do you put on long-term resistance versus intraday resistance? I mean both matter. I would say the more information you have the better So if the stock pre-market resistance is at 550 and daily chart resistance is at 560 chances are that 550 levels pretty much going to work With new joiners, how much do you recommend we keep in the account to cover the membership for you guys? You can't be thinking like this. What you have to do is you have to join You have to learn you have to educate yourself After you learn after you educate yourself is when you trade with money You don't just join and start buying random shit and trading random shit You are going to school. You want to learn how to trade properly before you go in there Remember when you're trading in the stock market, you're trading against motherfuckers like me and people like bow You're coming against actual fucking sharks and animals So why the hell you as a guppy are going to start trading random shit without being educated first Learn how to trade and then focus on the money Pappy I joined went to annual and then went to lifetime. Yep Now you're stuck with us for life I joined two weeks ago and now I'm looking to join annual. Awesome, bro If you hit up tosh, I'll tell him to give you a discount farzin How do you control emotions when trading in the hot seat? If you are too emotional while you are trading that means that you lack a plan I'm pretty calm every single day because I have a plan. I know what I'm going to I know what my entry is going to be I know what my exit is going to be and I know what my stop is going to be That takes all the guesswork out of it if you are guessing if you are winging it if you are doing it No, shit. You're going to be stressed because you got no clue what you're doing Do you read scc filings for every ticker? Yes, I do and we have a free fundamental analysis series that teaches you how to read filings for mic members for free When someone joins how long should someone dedicate to mic? I would say watch one video a day minimum One video day one 20 to 30 minute video a day Do that for a month and then after that start paper trading and then attend the webinars to make sure that you are staying up to date with the current market action I converted to lifetime three weeks after to join mic again guys Don't take my word for it. Take the members word See what they're saying and take it from there Additionally guys, so I want to kind of be able to make better content for you And I want to be able to get the views on these videos up because it seems like people only care about the pump and dump schemes Uh, so I want to ask you guys, what type of content do you want to see for me? Do you guys want to see more of these q&a videos? Do you guys want to see lifestyle videos? Do you guys want to see videos when the weather gets hotter outside? I'm going to go back walking outside But what do you guys want to see for me because I want to be able to create content That you guys really enjoy and you guys really like How am I adapting to the slow market? I explained that at the beginning of the video Yeah, the video watch list is what I did in the past and you know, no one was watching it. So I Lost interest, you know, we do a lot of work guys. We're working in 18 hours a day You know seven days a week for you guys and you know when I'm busting my ass and no one's watching shit I'm not going to keep doing it Right. I'm not going to keep making video watches if no one's watching it I bust my ass to do that stuff and if you guys don't care, I mean I don't give a shit I don't have to do it So like looks like more like trading commentary. Okay Yeah, guys, and if you guys are hesitant about m-i-c try it out for a month, man Try it out for a month. It's like five dollars a day. If you just make the math It's try it out for a month. And if you don't like it, trust me like Hit me up and I'll give you a refund or whatever you want But I'm so confident that you know if you guys join that you're not going to want to leave If you are serious about your trading, right? It is only if you're serious about your trading You know if you guys just want pumping dumps and you want alerts and you want to really not learn how to trade You might as well light your money on fire because it's going to be disappearing anyway My biggest edge as a trader is I take advantage of the dumb money that enters the market So the more idiots that want alerts and the more idiots that want pumps The more money I make because I'm on the other side of those fucking morons So that's it guys. I think I'm going to wrap it up here Um, I'm going to call it a day If you guys have any questions, let me know. I'm going to be in chat And I will see you guys tomorrow during tasha's webinar. Remember again tonight I mean tomorrow at 7 p.m. Market time our first Spanish speaking Uh webinar for swing training. Thanks to claudia. So I'll see you guys back in the room and have a great day