 So everyone so today is Monday phase the first day trading of February If this is kind of like the first video that you guys are watching What I like to do is I do a video watch list every Monday, and then I do a recap of my trades every Monday on YouTube live Before I get started if you are new to trading or curious about trading or just stumbled upon trading or MIC I won't let you guys know about a free two-hour webinar that me and Bao put together This is for the brand-new trader that doesn't know anything about the market. It is available at my investing club.co I'm gonna put the link in the description. This is a webinar with limited seating every week So there's a finite amount of room that we can give out. So that's number one number two is If you have any questions about MIC or joining MIC We've given Tosh a cell phone number out to everyone He's one the head mentors and head moderators at MIC His phone number is gonna be in the description of the video to text him. Don't call him. He's not gonna pick up if you call him So yeah, if you guys have any questions, you can hit them up there So let's talk about trading today, right? So what I like to do is every time I do one of these recaps I want to walk you guys through my morning process my morning routine so that you guys could pick parts of my Process out and apply it to your own, right? So trading the way you create your trading process is it is different for every single human because every Single human is built differently, right? So bow and I although we trade the same All we trade the same stocks and although we have the same entries usually we have two totally totally different personalities Which leads to our trading being totally totally different, right? So let me kind of walk you through what my process is like every single morning, right? So Sunday your process always starts the day before my opinion. So today's Monday So yesterday Sunday was Super Bowl Sunday. I made it my duty not to overeat And not to over drink so that I do not feel groggy and fat in the morning I just want to keep it clear not really do anything. So as a trader We have to remember that this is a job, right? This is a business You don't want to show up to work hungover in the morning I mean you could probably do it but chances are you're gonna be less productive So on Sundays, I'm making my job to not drink not party not overeat not do anything I go to bed at 9 p.m. I sleep early so that I could wake up Monday or fresh because what ends up happening is Mondays are My statistically worse performing days because I am so excited and so anxious to trade after the weekend that my entries are always too early So because of that, I like to slow down on Mondays, right? So something that I want to talk about is the importance of Kind of pre-planning your trades and the importance of having a watch us, right? So and I see we kind of simplified everything, right? So we MIC evolves as The members kind of start evolving as well, right? So let me give you an example when MIC first started my watch list was a very simple basic text format watch list I Posted the tickers that I was interested in and I posted the plans I was interested in right and then it got to the point where I Felt like I should be doing more. I felt like I should be helping more So then we created the video watch list and I think the video watch is the single most useful thing that we have at MIC You guys still hear me, I think I cut out for a second Just give like a thumbs up or a heads up if you guys can hear me Yes, no, okay. Cool. Cool. Sorry. Um, so The reason why the video watch list is so revolutionary and so helpful is because of this right is because of this We are basically giving you guys the areas of interest We are showing you guys what the stocks and play are so not only do not have to look to what stocks are in play We are telling you which stocks are in play and we're giving you a plan on them Right. We're giving you the ideal entries and the ideal exits that I am personally looking for every single morning So if my ideal entry on a stock is to short at 650 and that's in my watch list Nine times out of ten if it gets to 650 I'm gonna be shorting it I give you a detailed plan every single morning and that's actually one of the most important things about trading So in trading if you show up and you just try to wing it. So there are a lot of furus and Pumpers that like to show up 10 minutes before the market opens or five minutes before the market opens Or I even know some that show up one minute before the market opens and to me That is the telltale signal that you are in the wrong community, right? So my goal is I am at the desk at six or seven in the morning preparing for the morning I am trying to gather as much information as humanly possible So that I can have an edge against the person that's waking up at 9 20 in the morning So what I do is every single morning I plan my trades every single morning I put my watch list out for the members so that they could Understand and then I put out a video watch list so that they could understand my mindset So they could reverse engineer why I'm looking for these specific levels what I am interested in So essentially we are taking the guesswork out of trading with these watch lists every single morning We are making it so that you guys have a detailed plan And all you have to do is follow the plan And what most people like to do is they like to create a plan in the morning themselves Right because we teach our members how to fish. We don't like to hand them fish They create their plan themselves and then in the morning They compare their plan with my watch list to see if they are on the right track And then they ask me questions if they have any questions So in the morning every single morning I'm planning my trades I'm planning what I'm going to do if the stock goes in my favor What am I going to do if the stock goes against me and what is my profit target and what is my exit So let's fast forward into trading today, right? So this morning BIMI was a stock that I was interested in The reason why I was interested in this is because it pushed pre market And it started to fail and it went red pre market So that to me was a signal that the stock was a little bit weaker than usual That was a signal to me that said, all right, if this stock bounces, I want to attack So I basically plan my trades on it I want to short around 580 or $6 in the morning with a stop above the previous day's high Which was Friday's highs and that's kind of what happened. So fast forward to the morning. I shorted some at 5 75 80 I think it was I posted my chart In the room and I ended up covering for 520 or 530 made 55 cents a share. Great That was only a starter size. I couldn't get size. I was not comfortable Right and then what ended up happening is the stock started to bounce So as the stock started to bounce I found myself getting over anxious I found myself having the Monday syndrome, right? I found myself Trying to get back into early. So What ended up happening is I got back in towards the 580 levels And my stop was around 620, right? So I said to myself, shit, you know, now I got to stop out I have to follow my plan. It always sucks stopping out But I always tell myself that it's for a reason, right? There's a reason I made this pound the soap for mine So I stopped out at 620. I lost I think 40 or 50 cents So I basically lost my morning trade plus more Because I was more sized because I felt more comfortable with the setup So I covered the stock at 620 and I went and I started looking at other trades because other stocks were still setting up Uh, I forgot to stock with a Anyone could write it here. I'll mention it But I started shorting the stock with a as it was under vwap made some money back there And then when I look back the stock went the bi mi stock went from 620 where I covered to 7 dollars, right? It went all the way up to 7 dollars. So here I am now happy that I covered at 620 Here I am excited that I kept my loss so small And then because my mind was sharp because I was able to take the stock early I started shorting 7 dollars. I started shorting 7 dollars. I got top tick and I covered at 650. So now Now not only did I make back that loss? I made a profit on it as well I made an extra hundred dollar profit But if I did not stop out if I was stubborn I would have lost money and that's the lesson for today as well is that whenever you're making a plan, right? You're only as good Your plan is only good if you are following it, right? So in the morning when I put out my plan and If I did not stick to it, I would have been a loser today, right? Instead, I stuck to my plan I stopped out. I resorted when the entry was more ideal. I made back my money. That was it. So Today was not really that easy, man I hate when I hate saying that trading is easy sometimes because sometimes it feels like it is Other times it feels like such a drag man You never know what you're going to wake up to in the morning You really just never know like yesterday Tesla closed at what 680 or 650 or something like that and today It's a 740 or something like that. Like you really never know the types of opportunities that you're going to have in the morning and Something that like he's always Interesting to me and always important to me is that every time that I pre-planned my trade. I'm a winner Every single time I pre-planned. I'm a winner My losses occur from stocks that I don't plan for My losses occur from stocks that are randomly popping in the day And I just react to trade it rather than creating a plan to trade it So that's something that I want to mention to you guys as well is use the resources We have at mic to your advantage, right? Use the watchlist to help you prepare Use all the videos to help you get educated all these little nuances and all these little tidbits on what you need to become a consistently profitable trader, right so I want to give you some more examples of What I was kind of looking for today Let me see that a stock you guys wrote it down ARTL. So ARTL was another stock that was a little bit interesting to me So let me kind of give you guys my thought process on that stock and how I traded it So ARTL was a brand new stock that popped up this morning It was a low float stock a company that bow and myself could buy if we really wanted to And anytime there's a company that bow or myself could buy it is not a short with size, right? That is something that is always dangerous because you never know who could lock up the flow and buy it So coming into the morning. I told myself I am not interested in sizing into that stock because of how dangerous it could be because I know That someone could buy up the flow and just squeeze everyone Haven't right so In the morning my plan was always the same So we have something called the 30% rule at m-i-c And what that means is you are only allowed to use 30% of your size as the stock is on front side The reason why I kind of created this rule is because that's what helped my trading personally I found myself getting into early on these stocks because of FOMO because I was too overeager So I created a rule for myself. I created a process for myself to protect me from this And what I did on that stock today is I basically shorted three bullets I gave myself three entries of 10% each entry and I told myself I'm going to give myself three tries at this Uh, I'm going to scale in based on what the chart is telling me and if I'm wrong I'm only going to have a minuscule loss And if I'm right, I'm going to have a minuscule win too But at least that's going to be able to cure my FOMO at least that's going to make me feel more comfortable in the setup Because if now I cover and it bounces it fails. I could size them more larger. So Coming into the morning. I shorted the stock. I think I had like a I can't even remember what my average was. I showed it in the in m-i-c in the chart recaps channel But basically what the point of that trade was my first 30% trade I made money on and then as the stock failed. I think it went to 240s or 250s under vwap Uh, as it went to 240 or 250 under vwap I shorted some more a little bit larger size As I felt more comfortable with the risk and I covered and I moved on So that stock today was my biggest winner of the day I made like $1,000 on it or $1,100 on it Whereas all the other stocks that were moving didn't give me much of an opportunity Didn't give me much of an entry So I could not size them so every single day I am looking to only get larger positions on Of trades that are setting up the way I like it to so Something I've been mentioning to the members as well, which I think is going to be very very useful Is again get a notepad out for this get a post-it note or something like that But you should never be in max size on a trade if you are not already green on the setup So let me explain that so let's say for example the stock is at $4 And you have a short position at $4.20 so you're now in the green 20 cents So let that be the number one. Let that be the switch in your head. This is okay Now I have the ability to size in and get in larger Right because I am already green on the stock That doesn't mean that as soon as you're green on the stock blindly fucking bull those into your size It just says that okay now you have the ability to size in larger if the stock bounces and fails Right so use that as your signal right use you being green in that stock as your signal to get in larger Right because you never want to be in full size on the stock you are losing on You never want to be full size on a front side stock You never want to be full size when you are down on a stock You only want to use full size when you are already in the green and that's what we call adding to a winner Theoretically it feels like you're ruining your average when you're adding lower But because the chart is already set because your risk is already set It's actually less risky when the stock is broken down to add lower You guys understand that? So these are the little lessons. These are the little things that you guys have to pick up on These are the little things that we talk about and try to educate you guys on every single day, right? so Again, the reason why MIc works the reason why our members are consistently profitable reason why We are kind of churning out Traders that are giving it back to like they're finding profit and they're helping other members too is because they understand that The amount of work that you put in is directly correlated with how much money you make in the stock market, right? So there's going to be people that only watch one video a day There's going to be people that watch only one video a week There's going to be people that join and expect to make a shitload of money And the truth of the matter is is if you are putting in the work And you are watching the videos and you are asking questions and participating in all the webinars And showing up to the weekend q&a's and all this stuff. Yeah, it's not easy. It's not fucking easy But if you do it, then the money is there So an analogy that I always like to give now, which because it's actually really Important is my friend dan is studying to be a surgeon, right? He's starting to be a surgeon He's been in school for eight years, right? He's been in school for eight years He's going to become a surgeon. I think officially in like two or three months So he's at the end of his track or at the end of his path right now in school So What I always want to mention to people is as traders We are able to make more than doctors and lawyers and engineers working a tenth of the time, right? So as day traders, we have the ability to make More than doctors and lawyers and engineers and surgeons and whatever the hell it is By working a tenth of the time as them So how do we expect to be making all this money? Working less than them by not studying our asses off first, right? How are we not doing that first? So for example understand this, right In trading I only trade the first hour of the day I trade for one hour of the day and that's where I make my money in january I made $40,000 after fees trading the first hour of the day But to get to that point, you know what it took? It took me to educate myself It took me to learn 10 hours a day and took me to learn by myself because back then mic didn't exist I had to just figure this shit out with the help of bow But the point is is that before I got to this process or before I got to this place of making All my money in one hour It took eight to 10 hours of studying every single day before to get to this point So if a surgeon needs eight years to get his degree, how can you expect to get your trading degree in eight days, right? That's why that's why mic is so special It's because the people that join are dedicated Those are the ones that are putting in the work to understand everything The reason why we have so many annual members and so many lifetime Members because they realize it's not going to take you one month to become a successful trader It's probably not even going to take you two months to become a successful trader But if you invest a long term into yourself by becoming an annual member or whatever the hell it is You are giving yourself the best chance to succeed, right? You are not going to become a consistently profitable trader in one month. I doubt it unless you're an oracle unless you're a prodigy Sure, but I haven't seen that yet, right? I haven't seen that yet, but if you are putting in the work You will understand it So use that as an example Remember if you want to make more than a doctor or lawyer or surgeon Right working a tenth of the time You better be careful and you better be sure that you are putting in the work to do that because my friend Dan Is working at the hospital 15 hours a day bro 15 hours a day. He's working and me I'm in my underwear working one hour a day and making more money than him, right? So to be able to sustain that to be able to maintain that I have to put in the work so that no one else beats me and that's the mindset that you have to have You want to make more than a doctor? You want to make more than a lawyer? You want to make more than a ceo? No problem because no problem all possible, right? There's months that I've made 150,000. There's months that I've made 200,000 Um, I think there was a month in january that I made a shitload of money to I keep I don't even remember the numbers anymore But the point is that it is all possible. It's just there's a step to get there first Right understand that you have to put in that 10 hour day first to be able to only work one hour a day And then when you get it it's just like an ATM machine, right? It's like an ATM machine last month. I made 40 grand Essentially working one hour man one hour and that was a slow month, right? That was a slow month and that's the point. So you guys understand what I'm talking about Leave a like on the video if this shit is making sense. I see the like counter go up here But you guys want to ask me any questions you want to open this up to q&a for a little bit It's all possible guys. It's all possible. Remember if you want to make more than all these people Then you have to put in the work What happens on the day the cops came uh, what happened? So I think I mentioned the story but for those that don't know I got pulled over walking Walking on the street here Some neighbor said that there was a suspicious a suspicious person walking outside with a selfie stick So I had one cop come and pull me over and then before I knew what the entire police force was at my house There was four cop cars and eight cops Uh, basically, I don't know what they thought I was doing But I was basically like, yeah, I live here. So they came to my house Uh, while I was getting my license, they were looking at my cars Uh, and we were just bullshitting about cars. So now the entire police force in my town knows who I am They know the crazy guy walking around with a selfie stick and then I'm not trouble And yeah, turns out they're all color guys Uh, if I ever see them again, I'm going to offer them a lifetime membership that I see Describe your nail and bail and how fast you react. So, um, The best way that I found myself becoming successful in the stock market was by doing less work, right? So let me that's kind of counterintuitive to what I was saying But what I mean is that whenever I am green on a stock whenever I make money on a stock Or whenever I make a large amount of money very quickly on the stock What I like to do personally is I like to cut myself off today Now, why do I do that the reason why I cut myself off is because as myself I am Armenian So I am a little bit Middle Eastern So because of that, I think it's in our blood to be gamblers So I find myself gambling away my gains after I make them very easily because my brain cannot compute that money to the real world As fast So what I ended up used to doing is making thousands and thousands of dollars a day only to gamble it away midday And now what I found myself doing is whenever I make a large amount of money or whenever I make money easily Uh, I lock myself up from myself so that I do not lose the money that I made Because the worst thing that you could do is be green on the day in the morning and give it back trading midday So what I've learned about myself again, everyone has a very different personality Is the midday is when I like to when I lose the most amount of money based on my statistics But there are members in m.i.c. There are a very a lot of long biased members in m.i.c That trade after the first hour they specifically wait for 10 30 zombie times and then they go long So there are strategies for everyone in m.i.c The point is that you have to find which strategy fits your personality And once you do once you stick to it you turn into a james davon tom diesel All these people that have become consistently profitable in less than one year You know it takes traders years and years and years to become consistently profitable Except at m.i.c. You get in less than a year Mike i'm so glad I joined m.i.c. The first day in chat. You guys are great. Thanks, man Uh, I am interested in joining m.i.c. Did the videos provide a roadmap of where to start and on a certain path? Yes, so as soon as you join I have something called the video library curriculum This is a video that tells you which videos to watch in which order and we're also actually working on something Unique for annual members, which is coming out soon. This is going to be a brand new trading dvd That's going to be free for annual members. If anyone else wants to buy They can buy We're going to include it with our annual members and basically this dvd Is going to it's going to be your way of learning how to go from a day trader That doesn't know anything about trading stocks to placing your first live trade in less than six hours So we're creating an accelerated course for all the lazy people out there that just want to watch one video And then after they watch that video, they could dive deeper into the video library on more specific topics that we have So that's something that we're working on as well. That's for annual members Um, so I think that's it guys. I'm going to wrap it up unless there's any other questions Uh, if you did not see my video from earlier today It is the free video watch list that I think everyone should take a look at and we'll take it from there Oh some questions. Let me let me answer some of these questions When a low-hanging fruit doesn't reach your lines, how do you go about trading them? I don't trade them if they don't get to my lines. What is the biggest share size you trade in your career 120,000 shares short Uh, I still have some boroughs. I recommend the best broker in the business The only broker that I personally use is cobra trading and they give misc members, uh, 25 off commissions I'm not promoting laziness. I know that humans are lazy, right? That's why all of these pumpers with the SMS alerts the email alerts the voice alerts have so many fucking sheep is because humans are fucking lazy So I want to be able to at least help people I don't want to put in the work at least have some sort of structure, right? At least know what to do first and then if it's not for you, so be it But at least you have an accelerated course that is helping you learn rather than watching, you know 600 700 videos first, right? Let let us give you the fundamental base first and then we'll take it from there But that's it guys. So I am going to wrap this up Uh, again, please watch my video watch list from earlier this morning. Uh, if you missed it I put that out usually every single day for members And thank you guys. Let me know, uh What you guys think if you guys have any questions what I like to do is I personally myself alex I go through the youtube comments every single day and I am the one that is responding to your comments every single day So please leave a comment. Let me know what you thought about the video And remember if you have any questions about m.i.c. You could text tosh using the number in the description And thanks. Have a good day everyone