 Boom. What's up, money geeks? Mr. V here. Welcome to another video, guys. So into this video, I want to kind of cover one topic. A lot of you guys may be asking me here on the channel, like crazy, how do you secure profit? Again, this is a very important topic because most of you guys that are new to trading, you tend to be so greedy. That's why I have these shares called don't be a greedy savage, because that's what's going to get you in trouble. So I'm going to explain to you guys what I do and how you can actually adapt and stick to your plan so that you can secure profit and be happy about it. But before we get started, guys, if you're new to the channel, we talk about how to earn money, how to save money, how to invest and build wealth. So that's something that interests you. Go ahead and hit that subscribe button and the notification bell so you don't miss out on new content. So when it comes to trading, guys, one of the most difficult part is know when to get out because for the most part, people tend to do two things and do them really bad. They tend to hang on when the stock is strapping, hoping that it would go back up or they tend to hang on to profit, hoping that it's going to keep going back up. That's going to keep going up. So those two things will get you in trouble. And the reason why I use the word hope is because you didn't use your plan because if you had your strategy and you had your plan, then you wouldn't be hoping. Once it hits that particular area, you have a plan of action. So do you have a plan? So if you were trading, again, I don't want to hear like, oh, but I thought it was going to go up, but put some securities in place. Put some kind of like a circuit breakers in place so that if it goes against you, you're safe. If it goes in your favor, you are safe. So the first security break we'll put here is if you go into a trade, if you're new to the business, I'll tell you stop losses should be your friend. And it's going to be frustrating to start with because you're going to be looking for that percentage, but I don't think that's one size fit or you should definitely know when to get out. Not somebody's percentage that you heard looks like 5% loss that I'm out. I don't want you to use that. This is your money. You understand how you earn that money and you know exactly how hard it would be for you if you lose it. So you should definitely determine what price or how much you want to lose in a particular trade before you get out. So let's say for instance, you go into a trade. You put in your position. You said, hey, my tech profit is say 10, 15, 20%, whatever. And my stop loss would be say three to 5%. You said that, you stick to that goal. Once you start approaching that, I don't want you to move that stop loss down because you think it's going to bounce. Sometimes it's just going to come hit that stop loss, turn around and go back up, which is going to be so frustrating. But trust me, there's going to be times where it hits your stop loss and then go all the way down, which you're going to be like, whew, I'm so glad I used a stop loss. So stop loss, they could be good as well as it could be frustrating, but you definitely need them. So again, the question is, how do you secure profit? If you're new and you're using Weibo, I want us to jump right in. I'm going to show you guys a very simple way once you get into a position. So let's say, for instance, here, you're looking at a particular stack. In this case, I'm just going to pick a random stack here. Let's say we take metamateria. Again, this is the stack that I have in my long-term portfolio. So let's say we take metamateria. If you're looking to open a position here, this thing is right now. Let's see, sitting at about, let me move this to the side, at about... So that's $5.21, right? So at $5.21, I want to open a position. So if I go to buy, I put it in the quantity. So I want $100. Then let's say I want to do it, I say $5. If you get to $5, that's where I want to get filled. So I put a limit order in Weibo. During regular business hours or market hours, you have a stop loss here and take profit options. So it does the math for you. So definitely take advantage of that. Read through it and make sure that you really understand it. So let's say, for instance, right here, it's showing you right now that your stop loss, estimated loss would be about $50, if you put it at $450, because we're buying at $5. And then you take profit, you're right now at $5.5, it means your estimated profit is $50. So let's say I move this to $6.50. And that is where I anticipate making profit. So I'm gonna make $150, and I'm only ready to lose $50. So if this is okay with you, and then you can place this order. And in this case, again, here's the flexibility that I wanna show you guys that Weibo offers you. And you can do this in one of two ways. So the first one is say, if I place this order, and so here's my order, I'm gonna slide this so we can actually see this. So here's my buy order, and here is my target take profit. I'm gonna zoom in here so we can see. So here's my target take profit. As you can see here. So if this thing ever got up to say $5, and let's say it fills me at $5, and move up to say $5.05 or $5.50, then I can start using my take profit or my stop loss. So I can move this up and down. It's very easy. You can just click and drag, see, and you place it, it just automatically submit that. So here's my stop loss. Likewise, my stop loss. So let's say this thing moves up to $5.50, and then I got in at $5, I can just drag my stop loss real quick, real time and drop it wherever I want it. I don't wanna do that right now because obviously I'm not in the stock yet because I still have my open order. So if you can see here, my open order is still sitting there. So again, this would be something that you would use. So in here, it's telling you your percentage. If you can see in here. So right now at this particular price, if I move this up a little bit, let's say I want 10% profit. So right now at $5.50 means that's 10% profit, which is pretty good for the market. If you can average 10% per trade, you're doing excellent. Likewise, if I look at my stop loss here, it's right, it's in a 2.2% so if I leave it at 2% then I say, okay, that is where I want it. So that in case this thing were to go against me at 2%, it would just kick me out and then I am good. I'm out of the trade and I don't have to worry about it. So that's something that you have to really develop and have that mentality and make sure you stick to that plan because what I've noticed is that a lot of you guys, when you are in the money, you tend to be greedy. You don't wanna secure profit. And then when you're out of the money, you tend to cling around in hoping that it's gonna go back up and those two things are things are gonna get you in trouble. Now, let's transition to the next phase. So if you're using this stop loss, take profit. Once again, once you are in the money, let's say this thing move up to say $6 per se. If this thing move up to $6 and you are in the money, the next thing I want you to do is you can at that point, based on the direction of the stock. If the stock keeps moving up, you can cancel this order at that point and then do use what they call a trailing stop. So you can then use a trailing stop. So you can see here, right here, Rebo. So at that point, you sell or you wanna do a trailing stop. So you can input a trailing stop and then you can choose either price here or you can choose percentage. So you can trail by a certain percentage. So in this case, if I'm at $6 and I can put my trailing stop, I'd say 5%. So if it drops 5% below $6, then it kicking me out. Otherwise, if it keeps going up, it can go to seven. Then if it dropped 5% from seven, it kicks me out just like that. And that would be a very, very easy and simple way for you to take advantage of the stock moving up continuously without necessarily selling everything if you are in the money. So those are two easy ways that you can actually leverage in the market to actually secure profit. But again, guys, remember, this is your mentality. If you don't have that mindset, it's gonna be difficult for you because each time you see yourself in the money, you wanna hang on and think that it's gonna keep going up. Or when you see that, oh, you're out of the money, then you're gonna hang on again thinking that, oh, it's gonna bounce back. So you have to be disciplined. Know exactly when to get out, set your percentages and say, hey, if it hits this, hit it. You're not supposed to win every trade. You're never gonna win every trade. So the minute you come to that conclusion, the better for you. And then when you miss out on a trade, don't sit there and beat yourself up because, hey, if you follow your script the way you expected it, if a trade kicks you out, be happy. Not in a case where you didn't follow your script but you mistakenly got into a good trade and made some money and then you're celebrating. That wasn't a strategy, that was a mistake. You cannot replicate that and that's what's gonna get you in trouble because if you don't have principles that you can replicate, if you're going by luck, your luck is gonna run out really, really quick. So again, those are two ways for you to secure profit. Number one, again, just a quick recap here. Number one is they have to have a plan. Set your percentages as to how much you wanna lose in a particular trade, set that. If he said that number, it kicks you out and then set your presentation as far as your gains and then you can also change that from a bracket order to a trailing stop. Once you are in the money and feel comfortable, you can change that into a trailing stop to secure even more profit. So let me know in the comment section what you guys think. What are you doing to secure profit right now? Again, the reason I'm answering this question is because a lot of you guys on the Discord server, if you're not part of it, links in the description. Definitely come join us. This is where people are asking all these questions. So what are you doing to secure profit right now? If you don't have a plan, definitely you are up to a bad stat. You need to have a plan, a solid one. Again, let me know in the comment section what you guys think. If you're new here, we talk about how to earn money, how to save money, how to invest and build wealth. If that's something that interests you, go ahead and hit that subscribe button and the notification bell so you don't miss out on new content. Also guys, if you're looking to get started on investing, Webull has a promotion where if you sign up and deposit five dollars, you get free crypto or you get free stocks. I'll put the links in the description below and as always guys, do your due diligence. Don't be a greedy savage. Stay motivated.