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I just brought Joe Kelly on. I think this is week 28 of the new member orientation webinar. I'm a new host every single week now, Joe Kelly. And without further ado, what is up my man? Hello. Yeah. How was your day, dude? Dude, it was solid, man. I've been on a real hot streak. I've just been, dude, I've just been doing the process, man. Outer lines, back sides, small sides above VWAP, the 30% rule, the 70% rule under, you know, dude, when you stick to process, you make money, man. When you don't just nailing, nailing everything per usual, you know, just nail lots of nails. I just passed more nails around than a carpenter, just fucking putting it in. You got to nail it. You got to just nail and bail, man. You just got to nail and bail. That's a way of life. But here's the thing, man, like I would have lost my ass today if I was got, if I got cocky and I saw this because I saw this here and I was like, man, you know, this is tempting, this is tempting, but I'm going to stick to process, man. So I didn't touch this and I was like, dude, great process. You fucking die. Oh God, Ken, that's gross. I haven't even seen that stuck until just now. Bro, I don't even know what this is. I think it was like, look at this, Joe. Look at the daily. I think it was like an IPO recently. Look at this, dude. Look how disgusting this is. No pass. Do not touch this short yet, guys. There's nothing to really base it off, man. Like I don't even know what this is called. Is there even a catalyst? I couldn't find one, man, at the time. Let's see. Oh God. Yeah, the stock hit the 52 week low on Monday. That's your, that's your news. That's your catalyst. Yeah, there's no news is there? It doesn't look like there's any news, man. So this will probably be a good short, but dude, I wouldn't do it today, man. I'd wait till tomorrow when it conforms. Man, it's a long, I'm sure Aloha has already said it. I haven't even looked at chat. I bet Austin's already said it, but dude, it's a long, if that shit is up like that, you don't look at that and go, whoa, it could go up so much more. You look at that and go, man, there's no catalyst here. The SEC could walk in and halt it and you lose 50, 70% of your investment. Dude, and here's your holding and hoping. And Joe, let's make that very clear, man, for new members. So guys, if the SEC sees this, man, a company, you know, that's a piece of shit, you know, they do what's called the T12 halt for those who don't know, because not a lot of traders know this who are brand new. Dude, they can halt this. That could last anywhere from a 10 minutes a day to 10 years, dude, and your money's locked up. So I don't care if this is a good short. I don't like shorting shit like that. I don't want to be stuck in a halt for years, man. Yeah, you tie up your capital and then yeah, it could be great in the end for the short, but yeah, if they T12 it like Josh said, you never know how long that shit's going to last. And here's the thing, man, like a T12 will almost always be good for a short because it's kind of like death to a stock. It's like they just found out like investors, literally, it's like the stock got AIDS or something like they went to the STD clinic and they realized it got gone. But like, dude, even as a short man, I've been stuck in a T12. I was short DGLT back in the day. Dude, I shorted it like, I can't remember what it was trading. I think like 120 and it opened up at like 50 cents. But dude, I was tripping balls for like three months. My money was locked up. Yeah. Oh, yeah. And then the last T12 that I remember was Plague, PLAG. Oh, yeah. And it went from like four to 14 or four to 11 or some shit like that. And it got halted like middle of the day. Just boom, T12. And everybody's like, whoa. And like four or five days later, it opens at the first print, the first tick, four bucks. Jesus. And it was like, you just lost, you know, 50% of whatever you put into it. And, you know, okay, that's a long, that sounds terrible. But dude, I've been down 100% on a short position before. And I'm like, bring it higher, motherfucker. Bring it higher. Dude, Joe, can we just take a second until Andy's sick in the fucking head? Oh, dude, I was telling him in chat already. I was like, happy for you, but you're fucking psycho. Sam, dude, what are you doing, dude? Sam, you're sick in the head, dude. You're sick in the head. You know how you know when Sam woke up? That's, that's when you know Sam woke up right here. He missed, he missed everything else. And he was like, I can still mail. Oh yeah. He woke up and saw Lyft, got FOMO, went and traded Cannes. Let's, let's see. Can you talk about your DTS short and thought process that went into the plan? Oh, mine, it was, it was very simple, man. I saw DTSS. I've traded this in the past. I know it's a piece of dog dookie. I, I love how you're like traded into the past. I know it's a piece of dog poop. Here we go. Got in, got out. The number one thing. Well, then fuck shit up, got back out of it. I mean, what's more to talk about here? Fuck question answered, moving on. I love it, dude. E-Rob, what I wanted to do, buddy, is I saw that this was getting pumped up by a pumper. So I wanted to scale a little bit early into the four line, probably a little bit over, probably about 420, 425, 30% of my size, you know, starter. And that's what it was, man. And then once this had a death candle of death candles, I mean, this is like, this is Shiva, you know, the God of death candles that needs many sacrifices. Then I just wanted to follow it down, man. This just stayed a heavy under VWAP. I noticed that literally every single three minute candle pushed and failed, push and fail, push and failed that I was going to put some on every pop. And I did almost. I mean, I didn't do these, but I did all these. So simple, man, very simple. A nutless monkey could, could have followed me on that trade. I'm telling you right now, very simple, very simple. Menard, and can you go over the 40% volume theory you guys went over last week? Oh yeah, dude. I mean, that's super simple. Me and Joe covered this last week, but every trade that you're taking in the morning, before you take a trade midday, pay attention to the volume. If this is 40% of the morning range, you know, we, we talked about this last week. If this is the full range in the, or I'm sorry, if this is the full volume in the morning, draw a line at roughly the 40% level and then notice that if the demand comes back and really test this level and test this level and then breaks through, it is most likely going to be a headache for you short, maybe do a VWAP reclaim and then continue going. I mean, it's as simple as that, man. Pay attention to the volume. Another question, what do you think a good profit average per day would be for growing an account? I'm averaging about $40 per day paper trading, but I'm worried that would be all eaten up in commissions and locating the real thing. Joe, you're great at these, man. You want to answer that one? Yeah, that would definitely be eaten up in locates and commissions real fucking quick. So yeah, it's the commissions and locates. Yeah, if you're averaging 40 bucks a day paper trading, but if you're doing that through shorting, yeah, you're not making enough to overcome platform fees and data fees and just fees in general. When those fees kick in, man, you're going to be like, where are all my profits, dude? Oh, yeah, 100%. Yeah, 50, 60, 70% of that's going to be gone. Yeah. And so to me, if you're averaging 100 bucks a day, then okay, yeah, you're fine. Moving on. But when you're averaging that amount, you've got to be at a $0 commission broker or somebody that has free locates and someone you're not paying for platform either. And that's, I mean, that's your only options. That's your options. You've got to be low cost, basic features. And I trade with E-Trade right now because I don't have any platform fees. The platform is good. I've got great borrows on all big caps for small caps. Yeah, I wouldn't do it. Not at all. Wouldn't touch it. I would be with a big account, Cobra, obviously, because you have the ability for free locates, then, because that takes away 30% or 40% of your profit. And then the platform fee would be your only thing. And then commissions, they're pretty inexpensive because when you're adding liquidity using fantasy orders, yeah, you're not going to be paying much. So guys, this was awesome day, Joe. Again, we're going to bring you on every week, man. You're a huge asset to this new member series. This has been awesome. Guys, thank you for showing up. Joe Kelly is going to go touch himself. As he said, he was doing earlier. Oh, man, let's go. Wait, one last look. Just know that Joe's holding the bag. He's holding the bag. Oh, you hold that bag, brother. I'm going to hold the bag. If I have to eat the loss, I eat the loss. Oh, whatever. Everybody pray for Joe and we'll see you next week, guys. Thank you so much for watching our video. 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