 Yep. All right guys, this has been enough time. I'm gonna clean up the lines. I'm gonna get started What's up everyone today is a special YouTube live from Miami So if you guys don't know Miami is like my vacation spot. I have my brother that lives here So I basically come here whenever I'm you know stressed out from work or stressed out from being home Or just need a new change of scenery. You know New Jersey is very rainy. It's very gloomy It's very dark and being in Miami seeing the palm trees seeing the Sun seeing everything is just an incredible experience But this time I didn't come down because I was stressed this time I came down because there was a birthday So one of my friends it was his birthday So came down here to hang out with him It was a great experience. I'm actually flying home tonight. So I want to get my training in I want to get my video in and then I'm gonna fly home tonight Tomorrow I'll probably be late Probably be awake around I'd say eight o'clock or nine o'clock instead of the usual six o'clock because I got unpacked I got to do all my shit. So That's that guys. So today's video is gonna be about a couple things So the first topic that I want to talk about is how I made $1,600 in an hour and it's actually sad because I was up $5,000 and $5,000 is a great amount of money if you make $5,000 of a day trading You're gonna make a well over a million dollars a year But today I kind of got a little bit greedy guys in trading have to admit your faults You have to admit what you do right and what you do wrong, you know, I could chalk it up to anything I could chalk it up to I'm in Miami. I want to have the lifestyle. I want to make more money I got FOMO or I could just chalk it up to I was an idiot and I fucked up, right? There's there's infinity amounts of excuses you can make today My excuse was I fucked up right nothing more than that And it's a good day when you fuck up and still are able to walk away with $1,500 $1,600 on the day, right? So Let me talk about my trading. Let me talk about the overall market and then we'll talk about everything else after so trading today Dates was a top watch for me guys And the reason why I was a top watch for me is because this is what we call a dead cat bounce Dates was a sympathy played to CEI. So CEI was the main runner. It was the head of the snake It was the hydra that you chop off a head and three more heads show up, right? And when CEI was moving Dates was moving. This was a sympathy pump So the pumpers that pump CEI are now pumping dats What the pumpers are pumping CEI fail to realize is the second pump They make the third pump they make the fourth pump They make is never going to be as strong as the first pump that they make right so When CEI topped out and when Dates topped out CEI had a dead cat bounce CEI went from four dollars to 80 cents to two dollars and 50 cents Dates went from 18 dollars to seven dollars and now it's at 13 dollars, right? So they're both moving together, right? So Dates I was very comfortable shorting it and it was a very big top watch for me today because it was a sympathy play That has topped out that is having a dead cat bounce. That's not easy to borrow. Okay? So because of all these reasons I said to myself, this is gonna be a great short It's not a matter of if it's gonna be a great short It's gonna be a matter of when it's gonna be a great short So I did what I do every single morning I show up to the market and I make a plan and these plans are what we share with the members So my plan on Dates was two-fold Pre-market it was around 1180 or 12 dollars guys and red to green was around Let's say I think it was like 1170 So my plan was very simple guys I had two-fold either a it pops to 1250 at the open and I shorted or B It goes red. I take a starter and I either add on confirmation or I cover for a scout So maybe around 730 or 830 in the morning when everyone wasn't still awake Dates went from 12 to 1170 at 1170 I took a small entry short and That was my plan short away. We're red. I didn't trade 10,000 shares. I didn't trade 20,000 shares I traded maybe 3,000 shares a very small Conservative amount based on my account and based on my skill level So I shorted that and around like 1150 is when I covered I made around like 900 bucks on it And that gave me the confidence in the morning So that first initial trade that I planned out. I didn't oversize. I didn't overcompensate I didn't hold for $10. I didn't hold for $9 I took my easy nail-and-bale scalp trade and I walked away from it That probably was my best trade of the day because it was my trade that was the most planned the most systematic the most great And then the stock bounced again failed red to green shorted it again did the same thing short 1170 cover 1150 may not 900 bucks at this point up $1800 right the market opens and the stock tanks all the way down to like $11 and I told everyone sorry there's a plane passing So I told everyone when the stock tanked I am looking for an 1150 or 1170 bounce to get in short 1150 was the VWAP level 1170 was the red to green level. So I got exactly that I got the 1150 short I covered at 1110 now all of a sudden I'm up $5,000 on the day, right great day Everything is good at that point I'm up $5,000 the stock goes to 1070 and I'm like, you know what I'm fucking done with it The stock is broken. It's over it's game over. I don't care about it and meanwhile all this is happening There's like three other stocks moving, right? There's the easy FL stock. That's moving PGTX that's moving CC XI that's moving and all those stocks as I'm not touching right So I was very proud of myself that I was not touching the hot stocks of the day I was very proud of myself for my stock selection Oftentimes guys I struggle with stocks over $20 and PGTX CC XI all that crazy shit that was moving today I didn't really like it because it doesn't fit my criteria. I've lost so many times deviating from the process I've lost so many times doing random shit that these days guys I've been I've been taught by burning my fingers so many times that I just tell you guys so that you guys Don't do it. I tell you these lessons that you guys don't have to make the mistakes yourselves Oftentimes it takes you to make a mistake for you to learn But the reason why you join MIC the reason why you watch these videos the reason why you are part of our family Is to not make the mistakes that we made bow and I have probably lost combined maybe a million dollars learning these losses It's not a million dollars in a day 10,000 here 20,000 there 100,000 there 50,000 there right overall We're up very Exponentially amounts of money, but to get there. We had to lose. This is what we call market tuition So after the years after years and years and years of market tuition guys I'm gonna do the seven and a half years of market tuition. I now know what stocks to trade and what stocks to avoid This is called stock selection. This goes back to DATS DATS was a fantastic fantastic stock selection Because it topped out because it was a debt cap balance because not easy to borrow because under $20 all this shit It's a pump blah blah blah, right? So that was great. So that was great the stock selection now. What happened? I could not have anticipated bow cannot have anticipated he cannot have anticipated So keep in mind this stock guys went from 1170 to 1070 was broken out of nowhere guys We get a pumper to tweet about the stock saying that it's gonna go to the moon that's gonna bounce It doesn't matter if they say it doesn't matter what they say It doesn't matter the reason all that matters is that the main pumper behind cei is now pumping the stock Stock went from 1070 to 1150 to 12 1250 13 1350, right? It went from 1070 all the way up to the nosebleeds, right? And that is where I fucked up, man That is where I fucked up. So Where was my mistake today? What did I do right? What did I do wrong and how can I fix it these videos guys are now I'm gonna kind of adjust it to more of true day trading lessons You know when we first started these videos there was like a diary for me It was kind of what I could do right what I could do wrong all this stuff But you know as MIC is grown as we've evolved, you know, I want to be able to provide real value for you guys I want to be able to have so every time you watch these videos you learn something new So what did I do right today? What I did right was my stock selection. I picked the right stock to trade What did I do wrong? I got greedy, right? I said to myself $5,000 isn't enough the stock bounced I couldn't get size I couldn't do this I couldn't do that. I said to myself this pumper is an idiot. I said, there's no way There's this many idiots out there that are gonna be buying this pump to my surprise There's way more idiots buying these alerts than I ever could have imagined There's way more idiots that didn't learn their lesson on CEI They are probably not gonna learn their lesson on that so what I should have done guys is instead of as soon as this Pumper guy tweeting it to short and attack and attack and attack. I should have breathed. I Should have gave it a second. I should have let the chart tell me what the stock was gonna do, right? Overall, I did very well Not sizing up right let's say I was using 3,000 shares when I was right I was also using 3,000 shares when I was attacking the stock had I been 10 20 30 40 50,000 shares I would have lost everything I made and more right so in hindsight guys in hindsight I lost let's say a dollar a share on it. I lost three thousand dollars of my five thousand I'm still up, you know sixteen hundred two thousand whatever the number is sure. I'm green sure. That's good money But what I am frustrated about is I was gung-ho I was like I'm the fucking master. I'm the beast these pumpers don't know what they're doing I let my ego and I let my emotions get in the way of my trading and my judgment and I thought that there was not the lot. I thought these idiots learned their lesson the first time I was wrong and that's totally fine. Now. Here's what was also very key DTS guys. What is it trading at right now? If you guys look at the DTS chart and posted that $13 was a line $13 was resistance yesterday pre-market, and it was resistance last week so Today when it's at $13 as well it pushed through $13 and then came back down so $13 is gonna be a very key area guys $13 is gonna be a very key area for us now it might push through it in my reject from it But either way that's gonna be the key level What else See I was another stock guys see I was another stock that was moving This one was kind of like a dead cat bounce. It's kind of back to reality. There's not much meat on the bone anymore Looks like see I mean looks like DTS is zombie moving. Okay. Cool. So guys what I want to do is that's kind of what the main the main topic that I want to talk about today is Stock selection I want to talk about, you know, what to do whether things don't work out how I could have improved my trades And now what I want to do guys is I want to kind of open it up to questions from the audience I want to open up to questions that you guys have often times as professional day traders We forget the easy stuff. We forget the simple stuff. We forget the stuff that New traders want to learn about so what I like to do is I like to open it up to like a brief Q&A just so that you guys could see what Or I could see or I could help answer what you guys have Primarily questions on obviously our MIC members have Videos on this obviously our MIC members have access to DM me and access to DM bow But for all of you guys that don't have access to that The reason why we make these videos is so that you guys can make a little bit of money Learning for free and then with that money you could join MIC and learn the advanced topics and make exponential amounts of money So let's go to the questions guys. I'm gonna just you can just post it here. I won't go through it How do you put your emotions in check when you're day trading the reason why most people's emotions aren't in check is because they Don't have a plan if you have a plan in case things go right things go wrong entries and exits There's no reason to be emotional because you're just following your plan So oftentimes if you are way too emotional it means that you have no plan or you are not following your plan I urge you to write down your plan and keep it by your setup How come I did not short CEI I did not short CEI because I didn't really think it will much lower Maybe I can make 10 cents. Maybe I could make 20 cents But the risk of it bouncing again would outweigh the reward Do you still recommend 30% size over VWAP to stay safe? Of course guys that is one of my main rules is called the 30 70 rule it means 30% of your size above VWAP and 70% or more of your size under VWAP Do you use RSI? I do not but RSI works better on large cap stocks Does the initial red candle at the open dad's considered a death candle? Yes, DATS was a broken stock until the pumpers and manipulators came and changed it as a Beginner with $100. Where do I start? You invest in your education with $100. You're impossible for you to make money, bro I'm sorry If you want to trade with $100 that you're never going to be able to do it at minimum guys If you want to do this the right way you need three to $5,000 use that $500 I mean use that $100 put it in your pocket and focus on education, man $100. I don't even think you could buy a nice dinner for $100 guys You guys cannot get rich with $100 man. I'm sorry You might not want to hear that answer, but that's just the damn truth I sold the rims on my car for $2,000 and that's how I started and that was even very hard guys Do you trade around the core Alex? Yes, I do trade and I do recycle, but oftentimes I Like to go nail and bail style. I like to size in take the money and walk away I only recycle and work around the core if it's a big trade or big picture setup guys AMC is moving what level would you get in would you wait to short it AMC guys for me is no edge anymore There's too many algos. There's too many Wall Street bets too many gorilla apes all those guys In my opinion the trade is way too hard. So I don't want to focus on it This goes back to stock selection guys stock selection means you only trade the best setups You don't trade a stock just because you don't trade a stock just because you made money on it in the past You wait for the setup to present itself and then you trade it When you are using stops should you use hard stops or limit stops? I mean market stops or limit stops you should always use hard Market stops if you use limit stops you will not get filled you will not stop out You will try to save 10 cents and end up losing a dollar So again guys, we are pretty much the only guys that come on here and educate you guys for free and mentor you guys for free It's Miami. I could be going party and going out But instead guys we trade we educate and we help because this is all passion of ours, right? There's if bow ever got both of his hands chopped off that motherfucker would be trading with his feet And that's the guy that I want to learn from you know, oftentimes we see people on YouTube all these people that think they're traders They got 500k subscribers and millions subscribers and all this stuff But oftentimes you gotta ask yourselves how much money are they making are they making 50k day trading 100k day trading? I don't know about you, but I want to learn from the guys are making millions of dollars day trading What type of order do you use to enter a trade? I use a limit order routed on arca to get the most amount of rebates Do you use TD Ameritrade? Absolutely not do not use a discount big box broker for what we do Because you are not gonna make money using them if you go long You could use any broker in the world that you want except Robin Hood But if you want to go short, you need a specialized broker which we use is copper trading MIC members get 20% off Commissions there if you're trying to use a TD Ameritrade or E-Trade or Charles Schwab or some shit like that for shorting You're not gonna do it some setups that I use daily I like to shorten to resistance first red day death line. We have lessons on these guys How long do you think it takes to be consistent? I mean guys, this is a question that in my opinion doesn't matter It depends on how much work you put in I'll give you an example Someone that watches 10 videos a day and someone that watches one video a week Who do you think is gonna find consistency faster than the other this guy here might find it in two months? This guy here might find it in two years. So this question does not matter It is a direct definition on how long it takes you to be educated, right? So I mean we provide you with the resources We provide you with the strategies the videos the mentorship the access everything that you need now It's just a matter of you putting in the work guys 5k a small account one broker split amongst three different accounts split up your money to have more day trades as possible guys And again guys these videos are made to add value to you guys if you guys get value from these free videos Imagine how much value you'll get from MIC Recently we removed our monthly membership We only have annual and lifetime options and the reason why is it goes the same thing You cannot be a consistently profitable trader in one month We created the monthly membership to give you guys a taste of the community and people start abusing it They started thinking they could get rich quick in one month not anymore It's gonna take you a few months to get this so now we only want annual or lifetime members to join our club guys So I mean we have special payment options if you message us or text us So if you have any questions just hit us up two one three four five eight five nine nine seven Email tosh at my investing club calm We only want serious people is no more monthly wear Lambo guys And you know what this has been the best thing that we ever did because now our Community is more focused on this stuff more focused on learning long-term When do you think the market will see real runners in small cap land? I mean it Historically November is the craziest time for small caps as it gets close to Thanksgiving and as it gets close to the end of the year So in my opinion November is when things are gonna start to go crazy guys, so be aware of that So any other questions guys? How do you stay patient for your exit or launch to hit? I'm usually exiting earlier when I'm green what you guys could do guys is you could cover half of your position When it goes in your favor Set a stop at break even and let the trade ride the problem is let's say you short a stock at 4 You know you could take profit at 380 370 what everyone says I'm gonna take profit at 250 when it goes to 250 I'm gonna make my money guys do not be greedy do not be fucking stupid Do not try to go for a home run trade on every single trade Oftentimes if you go for a home run you will end up losing so if you short a stock at 4 make your target 370 350 don't make it $2 because that's never gonna come in Is M.I.C. good for long buys traders or is it more for shorts? We have long buys traders as well in M.I.C. The stocks that we don't like to short the long buys traders go Longing we do both longs and shorts bow has been expanding his playbook So you should join M.I.C. for both longs and shorts guys Any tips on confidence the more you win the more your process works the more confident you will get in your trading guys If you are on a 10-day winning streak your confidence is going to be at all-time highs If you're on a 10-day losing streak your confidence is gonna be at all-time lows So keep your trade is good plan your trades and even if it's $1 a day It's gonna prove that the process works and you're gonna be more confident guys What's your favorite trading psychology books? I mean honestly guys, I don't really read any books. I'm not really that smart I can't really stay there and pay attention for that stuff But in my opinion these Monday videos these Tuesday videos for the past three years have been your trading psychology lessons So in my opinion go back through these videos and learn from that I'm more of a visual learner. So that's how I learned So I think I'm gonna wrap it up there guys You know these videos sometimes they get repetitive sometimes they get really annoying I hope that you guys are able to pull some lessons from it What I want to do guys is I kind of do like some small promos in these videos for the people that make it this far So if you want comment one lesson on this video that you guys learned and I'll send someone some MIC t-shirts or MIC swag stuff like that So comment one lesson you learned leave a like on the video subscribe to the channel and Tomorrow at 11 a.m. Market time that will be doing his Instagram live and we'll probably be announcing the map program Which is the member appreciation program. So we like to reward our members for helping other members the most We are gonna announce this quarter's member appreciation Program award winners tomorrow. So tune into that. I'll see you guys there And I really hope that these videos are helping helping and adding value to you guys. So thank you again for attending I'm gonna catch my flight back to Jersey