 I think that this turning a trap city. So I mean, I did OK today, did my usual money on small accounts. You remember this account? I just want to show you this one for the guys out there. So this was last week. I remember I had that $31,000 account or something shit like that. Yeah, bro. So I mean, I was away for like four days. So now I am at that little $31,000 account. Dude, that's insane. $46,000 already, man. What was that two days ago, literally? Oh, I'm up to $50,000 on that $31,000 account since last week. See, day's off. Bal, the thing that's funny about that, bro, is any time I talk to somebody and they're like, yeah, man, Bal must trade with a $3 million account. I was like, dude, no. Like, you have no idea, bro. We trade with 35K accounts. Then when it gets to 50, you wire out. Yeah, I do this for education-wise. I have a bigger account, obviously, somewhere else. But this is what I trade and this is what we teach. And these are the stocks that we trade off the watch list. So everything that we teach you guys see, I've posted on my charts from this account. And that's what it is, guys. Yeah, any time you guys see a P&L posted, guys, it's usually from one of the 35K accounts. Like, so when you see a $3,000 P&L or a one, or even, dude, even Alex's $100,000 P&L that one day, it's from a 35K account usually, man. So you have to understand that you can do this with the amount of money you have. And you don't need a 35K account to get started. Bro, we just said a guy had $1,300 and turned in a 70K on options. Like, you've got to stop getting in your head thinking that you can't do this because you have a little bit of money. You can. It's all about the process, guys. Process is everything. The blueprint, we always talk about the blueprint for $1,000 days, beginning with $200 days. If you can keep consistently making $200 a day, the only difference is additional size, right? And take a look at Lizzie, man. Holy mother. Look at the 3PM rule. What time is it, guys? What's that doing since you're caught? Oh my God, bro. What time is it? This is the reason why I fucking... Check this out, guys. I'm going to post you what it is. No, you realize these lines are when I did it live for your channel trade. You realize that? Dude, this is the reason why I fucking stopped because these stocks are now just fucking blasting towards 3PM. So what I told the room the other day was starting 3PM, 330, I'm going to start looking for these zombies because what happens is this, guys, these stocks have deviated so much from VWAP that towards the end of the day, the shorts need to cover, right? They want to cover. They don't want to fucking wake up the next day to a $12 fucking stock. Yup, so this is how the squeezes happen. Dude, look at the deviation away from VWAP right now. This is crazy, man. This is a serious mover. I didn't think it would turn into this serious, but dude, this is why this little hard stop right here. Dude, I drew these live, bro, when Bao was training it as to show you guys where the channel was. And if it breaks, we get the fuck out and look at this. Dude, you could have saved yourself $2, man. It's dude, take a look at the time that is, remember I said I'm done, 3PM. And Alex joked about done until 301. This is the reason why I stopped the 3PM guys because I got fucked before so many times at 3PM trying to make a little 20 cent scalp and losing like the dollar. It's right there. So what you need to do is if you do not have these time rules, memorize, set an alarm clock every single day, 10 minutes, 15 minutes before a zombie hour, 15 minutes before 3PM. So if you're short selling, you are aware to get the fuck out of these stocks. Unbelievable, man. Look at that, man. Look at that shit, guys. No, dude, this is ridiculous. This is like, this is ridiculous. MIC rules that Alex and I have fucking lost a million dollars to learn. At least, bro. Why did I arbitrarily just stopped at 3PM? Because there's two reasons. I shorted, so what happened is pull up that chart. I'm gonna give you a big free lesson, guys. Pull up my daily chart. So what I did was, first of all, the channel train, right? At the 620 line, 610 line, whatever. Yup. That's the one we talked about already. So once it broke, what I did was I put a hard stop, $6.12. So if it broke 610, I gave a little fudge factor of two cents, you know? And so I filled that 612. I mean, yeah, 612. So I got out right before that spike. And what happens is this, that spike happened and then people started shorting, right? If you had a mental stop, your first instinct would be, okay, it rejected off 680, I'm gonna start shorting 680. Because I'm down, I'm averaging down. That's the wrong attitude. That's the trap that gets you to the fucking next line. So I wait for the next line. The top was set at 750. And that's where I shorted. So I waited for the, so it's 750 and went down to 718 or something like that, 710, right? So that way the way was kind of like, not really a death candle, but a signal to top. So it set a temporary top at 750 line. And that's why I shorted it on the bounce back up to the outer line at that time. And then I cover it. Frontside shorts require frontside covers. The reason I cover it, is this thing, if it were to have rejected and really topped out at 750, it would have went under $7, but it did not. It held. The trend held. And that's why I got out and I looked at the plies at 3 p.m. Fuck this shit. I got out my last little shares. And then surely enough, five minutes later, boom. Whoever did not fucking learn the M.I.C. rules just got fucking killed. It's probably stopped out at $8. Dude, I can't tell you how many years in the beginning, though. I thought all of this was random. And I thought it was just based on sentiment. There was no time-based trading. And you guys have no idea that edge you can have if you know time-based trading, trend trading, when to pull back and just, dude, the rules that we have to keep you safe are the reason you joined M.I.C. there. Even a nutless monkey could make money, but everybody gives it back until you learn what we have to offer. Everybody gives it back. And that's the thing, dude. So it's like people don't even know about these things, though. It's crazy. I didn't for the first three years, dude. For my first three years of trading career, I was like, wait, really? Like there's certain timeframes for shorting. There's certain timeframes for longing, like hard stops or a thing. Like, dude, you just don't know this stuff when you're new. Yep, yep. So any questions guys? Because this is fucking huge, guys. This is fucking huge. I dodged too huge as bullets. Fucking brain right here. You dodged a huge one there, pal. That was a fucking stock, guys. Take a look at that shit. So for a 1030 zombie, you're looking for under a round VWAP at 3 p.m. zombie. You're looking for a deviation from VWAP. Now you wanna expand? Yep, so what happens is during the zombie hours, so this is why I noticed, this is basically the million dollar fucking rule that M.I.C. is giving away, right? This is what we're famous for, the zombie rule. That's because I noticed that. So in the beginning of the market, you have first hour, that's where all the volume happens. I mean, there's so much volume that happens that the algos cannot easily manipulate the stock because there's just too much volume, right? And so it's organic trading. Organic means natural. People are placing orders and buys, right? They're not fucking spoofing shit like that because it's too much order flow. And then what happens is now after an hour, this is the zombie hour. It starts to fucking slow down. Volume slows down and that's when the algos can manipulate. But during that time, what happens is this, so we have a concept called hovering VWAP and all that. We don't wanna talk it too much because that's kind of proprietary to M.I.C. as well. So we talk about, this is a concept that's proprietary to M.I.C. called hovering VWAP. Basically why, so people look at VWAP and sound like, okay, well it's under VWAP, it must be weak. Well, that's bullshit, that's wrong. We realize that that's how they use to trap people. So we have this concept called hovering VWAP, which is like, if it hovers around that VWAP, plus or minus 10, 20 cents or whatever it may be, it has a huge chance of zombieing if the float is rotated. Yep. So that's the first thing. So if you are down, upside down, if you're red on the fucking stock, shorting and zombie hour comes, close the fucking trade. You're not gonna make your money back. There's no fucking way in hell because they're gonna use the zombie hour to trap you. They're gonna pretend that it looks weak and you keep adding. Next you know, you turn your fucking 1,000 share position into 10,000 shares and now you're blowing up your account. So that's the first thing, that's the zombie. And then at three o'clock, it's the same exact thing. So Lizzie, the VWAP is $6 and what, 55 cents. There is no way that fucking shorts right now are fucking fighting over each other. Every single dip is being fucking bought out by a short seller because they're trying to fucking get the fuck out of this stock. Yeah, they're saving themselves, man. That's why we have such a gap. So when it is over is when you really, when you notice that it just fucking starts to skip. It just starts fucking, because what happens is you're gonna get margin calls and all that stuff. So at this point, there's really, you should not fucking short because you don't know what the fuck the top is. The only way you can short on the front side is if you have a temporary top that's set, which is signaled usually by like a big ass rejection candle or a death candle. So right now it's still walking up. This is too close to the $8. That's top has not been set yet. If you want to take a risk at $8, set a fucking stop for 10 cents. So if you want to trade this stock, man, you can keep fucking trying to cherry pick and lose 10 cents over and over and over. You lose 10 times as a dollar loss, right? So my advice is not to fucking do it. My advice is right now is too late in the day. There's not enough time. All the shorts right now are fighting. Revisit this tomorrow if you're shorting. Yup. If you want, you could do this at $8 and stop out. I mean, that's what I'm trying to tell you. You can do it 10 times, so it's still a big loss, but right now there's an $8 top on it. There's 25 cents on the top. It's being bought up right now because what happens, imagine, so the way you trade is this guys, put yourself in the shoes of whoever's short or stuck. If you're stuck, what are you gonna do? You're fucking panicking, man. You've added already to the max you can add. Now you gotta fucking get the fuck out. And so every fucking dip you're adding, you're adding, you're covering, covering, covering, things like that, right? So right now it's coming down, which is let's take a look at the fucking first bounce. Let's fucking do it for fun. I'm gonna fucking do it for fun. Definitely. I'm gonna fucking do it first bounce because this is big enough deviation movement from fucking the top. I'm not gonna tell you where I enter because I don't want anybody to copy me, I already know. But I want you to say, I'm gonna, oh shit, I fucking clicked the wrong button, son of a bitch. I'll show you where I'm gonna do it. So this is, wow, this is a big hard pull. I love this. This is a monster, wow. The VWAP is 660. So we'll draw a line of VWAP and we'll draw a line right here. Where would you guys get in? Let's do an exercise. I won't tell you where I get in yet. That should be paying attention, close attention. I'm doing this fucking live here. This is not easy to do, guys. I am going to... I'm playing it safe because I'm fucking talking through this. I'm not really focused, but... So you guys have the first bounces. This thing is still very deviated from VWAP. So right now, any pull, my theory is short sellers are gonna fucking wanna buy it and they're still under water. 660 is the fucking VWAP. So the key is not to be too early. Guys, notice that even just that little bounce and perfect touch off the line when you draw it at the base of the candle is like I did. Lines work, man. There's a reason for this, but we're gonna give ourselves some room on this. Yeah, so let's see. I mean, everything is gonna work out, but let's see what happens, guys. We're trying to find a bottom. It's my viewpoint, Bal, on this, that, dude, it's so deviated that you're gonna get a nice first bounce out of this because it just, dude, we're in trap market. Things are run to the heavens right now, especially meme stocks. When something shows extreme strength like this and it hasn't in a while, this is big, man. I wouldn't be... I personally wouldn't be shorting any of this. I wouldn't want any short on this piece of shit. No way. Nice little bounce so far. I'm not gonna say anything yet because I don't want anybody to screw this up. I don't want anybody to get caught. I don't want anybody to lose. For anybody looking in on this, you should be 100% just watching for a learning experience. That's it. Yeah, I mean, I'm pretty sure I could pump this and all you guys get in and I'll fucking make money, and that's what pump rooms do, which we do not do. Now, after your trade, let's actually really discuss that and tell people how they do it. Like it's simple, but there's a science to it. And it's fucking scary shit. It's almost scary. Yeah, serious. I'm basically using my money to get you guys here, if I'm wrong or wrong. B-Box changed a little bit, so I'll just raise this. It goes very early. 330 is the optimal time, guys. 330 is the optimal time because that's the panic time that if I was a short seller, I'd be like, oh, fuck, man, I got to cover this shit. Yeah, the last half hour, guys, is when you do not want to be short. You don't want to be short the last hour of the day, but the last half hour, if you're shorting, you're a gambler. Sorry to say, you're a gambler. Guys, pay attention to the volume as well. Do you want to keep talking? I'm gonna... Yep, so guys, the thing with any type of trade, whether you're long or whether you're short, is going to be scaling. You don't want to just blow your load at 740 because if you did and you threw full size, you'd be cutting for a loss scared as shit right now. So whether you're scooping a stock on a first bounce or you're shorting a first resistance or you're doing a death line, the whole key is scaling because if you do too much at once, and you kind of, again, for lack of a better term, blow your load, that's very dangerous, right? And it's gonna mess with your emotions and then sometimes the trade will go your way. Sometimes it won't, but if it does, you're just gonna be kicking yourself that you're like, man, I didn't give myself enough room, right? So again, it knows no bounds, whether it's obviously a first bounce, death line, short, low hanging fruit, whatever it is, scaling really is the key to trading. That's one of our secret kind of resources, right? And MIC is teaching you guys how to scale and size properly. Like this actually Lizzie, if you pull back for a second, is putting in a nice top, but still the notion is that I wouldn't want to short this because look at this trend, dude. Look at this daily trend, it's a nice old candle, but again, this thing is very deviated from VWAP. What we mean by that is there's a massive gap between where it's trading and it's relation to VWAP. So you can use that to your advantage on a psychological level. So when you're a short, you go, dude, if I was stuck at 660 and this is finally pulling down, I'd be covering, I'd be buying to cover which is quote unquote exiting for a short because holy shit, man, like I'm getting relieved a little bit of my position, but what happens when you become a buyer as a short seller? You're now throwing demand into the stock as any other dip buyer, scooper, or normal buyer would be. So it has a chance of propelling it back upward. You're basically exiting for a loss running for the exit in the movie theater saying get me the hell out of here, you do. There's a Quentin Tarantino movie and I need out of here. You know, like that scene from, oh God, what was that movie? I'm trying to think, but. In Glorious Bastards, in Glorious Bastards, when they're all running for the freaking room because it's set on fire, that's dangerous, right? So we always pay attention off. I wouldn't actually trade this stock because this is a bad time for me to trade this kind of stock. It was a lot of time in my opinion and I made it a lazy day to not piss it away. So a lot of times, guys, even though it looks attractive and just don't do it, right? When you're up another day and it's the end of the fucking day, just don't fucking do it. I completely agree. If you, and that's just basically a general, if you guys ever feel like you're forcing a trade, don't take the trade. Why would you put that pressure on yourself, right? Sometimes when we're in an educator standpoint, we feel we have to sometimes because we can give you guys a really good example, whether, you know, bow wins or loses on a certain channel trade that he's trying to teach or this or that, he's showing you guys, one of two things is gonna happen. He's gonna win on the trade because there was good odds and he's gonna show you guys how the trade operates on a patterns, basically scale, or he's gonna stop out and show you guys that, look, we had a fighting chance because we had an edge, but here's how you exit and stop out and keep your account safe. So either way, we win in showing you guys and educating you what to do because there's only one or two things can happen. You either make money or you lose very small and protect your account and that's even a win because the guys that are long at eight and holding on right here to seven, that's just crazy, man. They didn't wait for a good entry and now they're just holding and hoping and it gets back to even, right? Like you don't wanna be the guy long at eight and like, oh my God, oh my God, please go back to eight. Oh my God, please go to nine. I'll give anything. I'll change religions. God, I'll do anything for you. Just get this back to nine. Like dude, we've all been there and you just don't wanna be there. Second is you could be short at six and be like, oh my God, please God, I'll do anything for this. Can you go back to six? Guys, don't be that guy. Don't be that trader. I've been that trader for many years in the beginning and it was just a fucking ulcer every day in your stomach, dude. It's giving you the bubble guts, man. You'll be shitting bricks every time. You crap in trading diapers left and right, dude. So stay away from the bubble gut trading and trade correctly. I can't remember where I heard that term bubble guts, but I think it's from the movie. I just quote movies all day, but it's a lot more than it should have, guys. So gotta be careful. This one take a lot more than it should have. Yep. I'm telling you, the time is also very important so late in the day and they're, they ran out so much without any profit taking. You see that, guys? So that's another clue that this is a very risky bounce trade because it just went up and there's nobody to take profits. And once they fucking terrible like a short out, who else is buying? It's true. It's 100% true. We don't have much profit taking in here. That's one of the only things I would say that would be going against the first bounce here for the most part. Correct. With the late in the day and not much profit taking. Fucking. Yeah, this is not a good bounce. This is more of like now, now it's kind of kind of fucked up kind of shit. Yeah, now it's kind of bleeding versus taking its time and consolidating. Correct. So this is not a good example, guys. It's all right. Finish your webinar. Yeah, you know what's so cool about this though? Again, guys, like here's how we win, right? You either win in money and you play the setup just like this could easily have been a first bounce that actually works, but look, not every single one's gonna work. You think I haven't stopped out at death candles? Dude, not every death candle works. Not every death line works. If you guys thought every, and if, look, if trading was as much in exact sciences, this is guaranteed to work as a first bounce. We'd have private islands. Yeah, Alex would have a fleet of Lamborghinis, dude. That's the way it works, but it doesn't work like that. You have to gauge your emotions in a setup and say, look, is this set of actually not working? Do I feel it's not working? Okay, I gotta get out. I gotta put a hard stop. I gotta exit this position because if I hold on in hope, that's not a strategy. And then you're just gonna be really, really in the hole, whether it's mentally fatigued or obviously financially fatigued because now you're just a bag holder, right? Like again, you don't wanna be the guy first bouncing this here at 740. And then when it goes to 540 tomorrow, you're still holding on. You're like, oh my God, please release a PR. I'll do anything for a good PR. You can't be that guy, man. We're trying to teach you to be self-sufficient traders where every single day you get in with a plan and sometimes that plan is not gonna be profitable. And guess what? That's okay. That's fine. It's totally okay because not every single trade works out. Yep, yep, Mike just thought the exact same thing. This technically had a really good chance of bouncing. It just didn't. It bled off because of the profit-taking scenario. It's kind of late in the day. Was it worth the try? In my opinion, 100%. Is every trade gonna be profitable? Not at all. Definitely not. Two out of 10 trades, if you have a solid process, one to two out of 10 trades is not gonna be profitable. So guess what happens? You put a hard stop and you're still the trader after 10 years, 20 years, 30 years and your grandparents are like, damn, you still haven't failed at this trading thing. You're like, no, bitch, I use hard stops. So the lesson here, guys, is not every trade is going to work. I'll share it right. You have to pre-define the risk, put it apart. So those that did not pre-define the risk is holding onto the bag right now. So that's the thing. Don't be too overconfident. Even if it deviates from D-WAP, then it cannot go back to D-WAP. Perfect clarity. And guys, just because you lose on this, like say A-Dub, like you had a little scalp loss which is totally okay, man, because from what I see, you probably had an average here of maybe seven, 11, maybe seven, 12. You get out at 690, what, three. Bro, that's not a career ending loss, right? But this thing has an offering today. Then you have a career ending loss. Then you're holding it hoping down to three and two. That's the shit you never wanna do. It's worth a shot. Like I said, dude, if I shorted and every death candle went my way after I shorted, dude, I'd fricking own islands. It doesn't work like that. Was this worth a shot totally? And the second thing I would say on this is if this does go back to $10 and you've already hard stopped like A-Dub just did or Raul just did and you're like, oh my God, I knew I was right. Guys, you're still playing the hold and hope game, right? Just because you stopped out and then maybe it does go your way, you don't beat the shit out of yourself like, oh my God, I'm such a dummy for cutting. I was right had I just held on. Those are the type of habits that basically build bad habits because here's what's gonna happen with that mentality. Oh, I should have held, I was right. I should have held on the next one, I'll be right. You remove hard stops, you remove your max loss and you blow up on the next one because oh, quote unquote, I should have been right. You guys starting to see the commonality here whether you win or lose, you always have to keep your hard stops and have your plan and stick to your plan. That's what we're trying to say and not every single one is gonna be profitable and that's okay, stop beating yourself up. I don't care if this goes to 12, you guys should not be complaining. You had a plan, you stuck to your plan. Great, do it again tomorrow. So I'm gonna ask about the short. I mean, dude, in hindsight, it looks like a short but at that time, dude, who the fuck knows, right? It went to 10 bucks. Yeah, about honestly, my bet dude was on a really good first bounce here back to eight. I did not think that this would believe the way it did. Truly. So I mean, that's what happened. Everyone thought the same thing. And so there was no fucking profit taking all the way up. And so it went all the way back to the point where it was last supported, right? So that's the lesson. So I think this has to be said, I think this has to be said, the reason why we never really do like live screen shares of this guy is like in the morning when like your Furu gets on like microphones and does screen share is because that, what it does is it pumps position and I'm not convinced. We got a lot of people watching this webinar. I'm thinking that there was a possibility that this bleed off was caused on so many people following that it is possible. Cause when everybody does one thing, the stock does the opposite. If Bow didn't post it, maybe he did a first bounce on this. Who knows, man? It might have actually not done this. That's the scary thing about like letting people know in the exact moment, oh, I'm long or I'm doing this is when everybody thinks the same, the opposite happened. This is why it's called pump. So when your Furu on their microphone or their YouTube live screen share every morning or like, here's what's happening, right? They long a stock and then they get everyone, but they really alert. They let, you know, there's no ambiguity, right? Like they let you know and they're like, oh, I'm longing at 740. I'm doubling and triple down at seven. And then they alert to a room of 5,000 people. Guys, you have to understand what's happening. They create so much artificial demand on purpose. They're out in seconds for a big win and you're usually left holding the bag cause now everybody's thinking the same thing. All the members like, oh my God, this is a long, this is a dip buy. Everybody rush in. I just got an SMS alert, just got a palm pilot alert. Let's all go in. Everybody thinks the same, then it craters. Why do you think pump and dumps happen? Artificial volume and then everybody on the same bias, the inverse happens, welcome to trading. So that's the whole reason why we don't pump and dump and stuff. And usually low floats. Yes, of course. Usually low floats, for sure. Due to, you know, a little bit of things like that, but... I'm just getting out for pretty much even. Yeah. Not even trading for you bud? Yeah, pretty much. Yeah, it held seven. Like the way I go about lines guys, and this is just a personal kind of comfortability level. You guys can do it any way you want, but I always do the base of the candles. So like that's where I try to draw my lines and I pay attention to this. If it's wiki, I try not to cut. So like if save like my resistance usually, cause I'm a short sell, but if this was my support, I'd really try to give this a room until it showed its hand on the base of the candles to close because this actually based on bases of candles held like a motherfucker. This held seven and then boom, you got your bounce. Lizzie, not a good trade, but even my bad trades are like a minimal loss. I love that bow. I think you did, dude. I think you did a solid job. I've lost maybe 800 bucks on a 10,000 share position. Seriously, man. And dude, I gotta tell you, I think you have to lower... I was overconfident on this. This was late in the day, all these factors to get in, but if it was early in the day, guys, this would have worked in my opinion. It's just way too late. There's people who are profit taking it. The longs don't really want to hold this overnight as well. Right. Let me ask you a question, buddy, because I drew these lines before you were telling us where you were getting in on the way down once I saw this kind of like top candle. I wouldn't call this a true death candle, but I drew these lines. Actually, I drew it right here. I drew them at the base of the candles. You started getting in right at this line, right? On the pretty much the base. I think it was what, because this was a closeout on a short. So your first entry was probably that 740, right? Yeah, I was closeout on a short. And do you guys see why? Do you see why you do that? I started, I mean, let me see. My average, I think was 728 in the lower, so. That's solid, man. I've lost, imagine I have 10,000 shares. I lost 800 bucks. So let me do the math and stuff that bad. Yeah, no, here, and here's the thing. But this is the thing I love that you did, Val, is you did exactly where I drew the lines and what I was paying attention to, because as this started breaking 710, I would've, that's why I moved it to seven. I would've given it to seven. So as you guys noticed, what Val was doing is he waited for the bases of this support, which is basically the top of the support level you could give yourself under here, but because this whole and a half dollar number is here, I'd give yourself seven. And again, if you're stopping out at exactly seven, you're stopping out with the herd, so I like to see it as a pledge factor. I actually had FOMO guys, and I started early because I'm educating, and I was trying to show off as well. So to be that, I mean, that's honest to you. If I was training this silently myself, I would not be in that size. I was kind of showing off as well, and I almost got killed. But I didn't, you know. But I love your skills, Val. I love your skills from about the seven, 34 to seven. And I always show this shit. I don't hide off from this crap. Even if I lose, it doesn't fucking matter to me. It's not about the ego guys, right? It's about the education, and we all learn something from this. I learned from this as well. So I'm gonna show you this, the PNL from it. So it's not that, I mean, it's not that bad. Dude, that's nothing, bro. For that size, it's like a paper cut, right? Dude, that's nothing, bro. That's absolutely nothing, especially for a long chance to win. A lot like a nickel. So now it's gonna go up, now it's gonna go up now that I got out, you know. And now we're gonna beat, but I told you guys, don't beat yourself up too much. If it does go your way, the best you could do is follow your plan. So this is what I learned, guys. So I fucked up, I was in early. Usually it's gonna break down more than you think it will. So the low I got was 688. That's usually where good things happen. A little bit of fudge factor under seven. Because it's like, you know, you think about where most of the guys wanna buy, right? They're gonna fucking start getting phone, I'm sorry, buying at 740, 720, $7.00. And then, oh fuck, it's under six, nine, they're gonna stop out. So wherever those get longs, early long stop out is usually where the bottom is. But once again, guys, this is a very difficult chart because if you take a look at, if you take a look at the spikes up, there was not much room for profit taking. Most of this is shorts tripping over themselves, trying to cover the day. So you have a very difficult situation, but the fact that I got out where I got out, I mean, here, let me take a look at my, here, let me show you what my fucking trades were. Now, if you ask me, dude, this was damn near a perfect trade for a loss, man, seriously. I mean, it could have been really bad guys, but I wasn't that bad. Oh shit, look at this, look at this continued bleed. Wow. I should have shorted it because it was fucking weak as shit. You see how that works, guys? When the bounce fails and it's now fucking under VWAP area. So the fact that I got out and I was okay to take this loss, a lot of guys would hold on thinking, yeah, baby, I'm in the money and then they just go, oh my God. So when you're wrong, make a plan to get out. So I had a plan to get out. I was about to get out with a $2,000 loss and I'll be okay. But thank God that it went up and I only got out for like 800 bucks, 900 bucks loss, which is like nothing. Yeah. Dude, pay attention to the volume, guys, on these candles. When I say true death candles, you want the biggest candle of the day, but you want a massive amount of volume coming out. So as you guys can see the volume level right here, pay attention to this number in this box right here. See this, if you scroll over this candle, $2 million. I would want to see truly, if this was a death candle during the day, it's too late in the day to short, but I'm just showing you for a death candle example. If this was a death candle I was paying attention to, maybe during a reversal hour of the morning, I'd like to see $5 million on this candle, but it only did 1.5. This had more official triggers than that. This is good for tomorrow, guys. $7.20 is a great line, just not an ability. So hope this thing holds up. Tomorrow we're gonna be fucking having fun with it, $7.20, $8. Tomorrow we'll put our pivot lines on this and it'll be what's called a low hanging fruit ideally. But you take a look, right guys? So I basically show you how to mitigate a fucking bad trade. And I analyze why it was a bad trade. I just didn't say, oh, these fucking motherfuckers are manipulating the stock like some of these fools on Twitter, right? I actually owned my loss. I said, I fucked up. I was trying to show off. So that was early and I sized more too early because I wanted to show off. And then when I noticed that it was fucking weak, I made a plan to just cut my losses. The cool part is guys, whether you win or lose like Bao just said, if you take your ego and blame or, you know, like overconfidence out of the equation, you actually really understand why you won or why you lost. And Bao just completely explained why he lost. That's the whole point of learning and growing as a trader is getting away from any type of blame and even overconfidence is like a blame, right? Like in a weird way. But if you just pull back for the, you know, and see the force for the trees and you go, wow, I won on this because I lost on this because you're gonna really get better as trader because you're gonna break down the reason of why. There's always a why, dude. There's always a why. It's never manipulation or algos or that, dude, there's always a why. There's a why within algos. Why is because you fucked up to keep it simple. I mean, that's the thing. You've never seen these fucking guys on Twitter talk about, they just can't say that they messed up. It's always some other fucking reason of manipulation. But when they win, it's because they're the best trader in the world, right? Right. I mean, that's what is guys, you know what man, you have to be okay with taking those loss. One bad trade, one wrong trade does not define you as a trader. It is okay guys to fucking lose. Mind you, that's coming from the guy who made 1.5 million in one day. And he just said that. This is not me saying, I was never made 1.5 million in one day. So I think I've lost four days past three months. So today I'm breathing, I'm good. Yesterday I'm breathing, I'm good. I lost before I took off on vacation which is a tiny loss for me. So I made a lot more than that today. So that's the thing guys, the key is you know, know your system, don't go over your system. So the reason I lost on this Lizzie trade is because I size more than I usually do for this account. Right. Notice that size is way too much for this account. And when I was trading Lizzie, maybe I was doing a third of that size. And so when it's small size, you can manage it better. And when you're up, you add more. I was trying to muscle it to show off, because you know, that's trying to show off. Well, in bow, I think that that's a really good learning lesson. The only reason why I would harp on it just a little bit is because you've already brought up for the members is yeah, if this was in the morning and bow was using 10,000 shares on something like this I'd be like, great, it's the first hour of the day where we've got the edge completely this late in the day. If bow is using 10,000, that's a lot of size for this late in the day. So, and I would probably be on bow as a tap, or I'd be like, that's a little, you know, that's not a premium setup to use that kind of size. But again, like when you know what you've done wrong and you admit it, that's how you just get so much fucking better, dude. You get so much better as a trader, man. Yep, I am okay with taking a loss guys. There's nothing, it's not gonna be fine. It's just not making me a bad trader. You know, what makes me a bad trader is fucking not owning my loss and repeating it over and over. Correct. So it actually might be good, I have fucking loss of this shit. So it shows people that why I lost, a lot of people are entering stocks too early, they're greedy, it's end of the day, just fucking, remember I told you, man, I don't wanna give back everything I made the last fuck half an hour. And this is why we gotta walk away. I potentially lost it all back when we dropped the fucking dollar, right? Correct. So good thing that I recognized I was wrong and just took my loss. So notice where I scaled out, man. You know what, man, I was like, man, I'm wrong. Remember I said, it should not take this much. You were saying it right here, Bal, on this candle right here. It should not be taking this long to bounce back. There's something wrong with this. Yep, yep, yep. And so when I recognized that, I'm like, you know what, man, I'm gonna wait for a fucking bounce, I'm gonna get the fuck out. So you saw myself, I was like, fuck man, I'm fucking unloading this shit all the way up. And the moment I got out, huge ass candle went down. And Bal, let's go over one last time in conclusion in the sense that guys, would we have taken this trade over? Yeah, it was a good setup enough to take a shot. The fact that Bal got out, maybe had a hard stopper just basically exited and protected his account is why he's been here for 20 years. Was this worth a shot? Fuck yeah, it was. But it's a first bounce that didn't work out. One or two out of 10 don't work out. And guess what? As long as you're not still holding the bag, if Bal's still not holding 10,000 shares of 663 and hoping it balances, you're not a gambler. You're a trader with a plan and good risk management. I, where I fucked it once again was I oversight. So you gotta be careful about being greedy and using the cushion game. Just if I had just kept to what I'm doing, I probably would have made money. Yeah, now honestly, you probably would have started in it. Like if you were not during the webinar, because I know this pulls your focus a little bit, bro, seriously, I know you would have started it at 720 and probably loaded at seven and got a really nice profitable bounce right here. So dude, even depending on how you look at it, this first bounce totally worked. Bal was just a little early, seriously, and a little oversized. And remember what I said about the first bounce? I call it the first bounce because the first time kind of works well. The second time ahead, the third time forget about it. So I noticed if it came back, I did not add, it just got out and said, fuck, I'm done. You know what I'm saying? I did not get back to the well, so I did not buy 688 and they have a dump on it, things like that. So, Bal, just to kind of close the webinar on the topic of at hand, how do, how are people, how do you profit on the meme stocks like GME and AMC? Trend! You profit just like this. Couple things, sympathy. You either ride the trend of the meme stocks on day one and day two. Do not ride on day three and four. It's very dangerous to go long on a day three and especially a day four. Day three is usually when stocks tank, but since these are meme stocks, which is abnormal, everyone's trying to fucking pump this thing up and there's options involved and all these complicated things, like the fucking, the gamma weather, something they call it, right? Yeah. So, this is a very, very unique situation. This is not a normal play. They're trying to squeeze the stock up via options. The same method that they're squeezing Tesla up. They're buying out of the money calls, which makes market makers hedge by buying, you know, the hedge, by buying the covered calls and shit like that, right? They're shorting and they're buying to hedge. So, this is a weird anomaly. The way you profit is you do not fight the trend. Notice that the trend keeps going up. You profit by lighting the trend or don't even trade at all. Put in the hard stop. And then, if you're short selling, just wait. There's plenty of meat. First red day is going to be huge for this guys. This is gonna be huge first red day. First red day is going to be huge. So, just wait. The signal to short is the first red day. I know Alex is already licking his chops, dude. Alex has already got a bib and a fork and a knife ready for the first red day. Yup. So, that's exactly what it is, guys. So, now, this thing is out of control. We don't know when the top is. It's just fucking ridiculous. Break $20 and then fucking these naked call guys are dead. Naked call option guys are dead. Hoping it breaks over 20 tomorrow. This goes ballistic because the higher it goes, the better the first red day set up will be. Yup. And then this is how you can learn. If you're an MIC, go search first red day in the member library and study those videos. Here, Val, I'll pull it up for you one sec. So, tonight, guys, those guys want to profit. Go study the first red day videos. Guys, right here, videos tab on the myinvestingclub.com website. Right here, just look for either first red day or FRD. Yup, first red day. Oh, my computer's a little slow right now. I'm not sure if that loaded in time, one sec. So, whoever's on YouTube is getting a huge, fucking huge tip. The way to profit on these now is the first red day. It's gone out of control. This is just fucking breaking all of y'all. Oh, everybody's kept trying to short this. I've lost money. I'm short. AMC is fucking really tough. I mean, I'm glad I closed Green Day, despite all this bullshit I did. So, how do you benefit, guys? You benefit because, you know, this happened before, the last time it happened before, Alex picked over 100 red on GME. First red day. So, guys, you should be paying full attention to these videos tonight. If you're a member tonight, if you're not a member, sign up. If it's your first month at MIC, guys, go to the Join Now page. You got 50% off your first month right here. Limited time. If you have further questions, free consultation with me, click it, sign it. We'll go over it. We will schedule it. We'll talk. Text my business line as always, but I'm telling you right now, dude, we lay it all out. Text right here, 213-458-5997. I'll get you the accelerator course so you can learn this in detail. What you should be looking over. You don't have to go in the video library and look at 10,000 videos if you don't want. The accelerator course is a much quicker, kind of linear option, but I'm telling you, man, if you want to learn how to do any of this type of stuff and to be ready for when AMC really does go red in profit front, you see? OP trader looking for the first red day. Dude, we've taught our members well on what to look for because it's that simple. It's not easy. It is not easy, as you just saw. Bows in it. He's in the headspace of the first bounce. He's in it. We just did a live trade for you, which actually turned out to be about a break-even trade for the most part, obviously, according to Bows size and Bows PNLs, but it's the headspace that makes it hard. Our teaching simplify price action, what you need to look for, but if you can get out of your own head, you can be a profitable trader, but you've got to learn to get out of your own head in the accelerator course and AMC is going to help you do that. Cool. Any questions? Yep. Any last minute questions, guys? Any last minute? We've got like maybe one or two questions. I think there's more lessons that we've had on a loss than a win, guys. And now we talked about how it benefits from the first red day. So that's the setup. Dude, this was the best webinar, man, because honestly, Bows, I think this was the first time in on a public webinar, dude, this is how consistent Bows is. This may be the first one we ever recorded where he actually lost money on. Yeah. Great fucking lesson. We've been doing this for a long time. Like a year, dude. This is the first time I lost money on Tosh's webinar. Fucking Tosh. In a year, now he's going to have me Venmo him 10% of his loss back. Now me and Alex got to get him grub-hub for the rest of the week. Yeah, but you're last money, right? This is the first time. I'm still waiting on all my year of Venmo 10% wins. So maybe we'll call this even. What do you think? Yeah. Me and Alex just lost out on a fortune. But that's good, guys. As it was done, you saw me say out loud, fuck, this trade is not working. And it was early recognition, right? And so I was looking, it was just a fucking bounce to get the fuck out. And guys, this is all recorded. So if you want to go back and watch this in detail, dude, alive, alive, alive with live call, you got the thought process in Bows head. Go watch this and understand where he got in, why he got in, maybe the size he was using, maybe the mistake in that, maybe the pros of his exit, like dude, you'll get it all. So this is all recorded as everything else is. You don't have to ask me about that. You know it is. And we'll post, man. And again, this is just another day. We have Tosh. We have Tosh. What's that, buddy? Another 3 p.m. rule here, PRVB. Oh, dude, that's sick. Check this out, guys. Another example. So I stopped out at three o'clock. I'm telling you, man, bro, we teach these things not to hear us talk. We're bored of our own voices. We teach these because they work. They've saved us fortunes, man. Fortunes, dude. Look at this. So that's the key, guys. When you're wrong, make sure your losses are manageable, man. That's the thing. Everybody loses, I lose. I lose all day long. I just fucking have more winners than losers, right? Dude, very informative. I hope you guys saw the value in this and understand it. We'll probably do something like this again, maybe even next week. But just remember, guys, if you do take a loss, don't beat yourself up. Don't get so down on yourself that you get discouraged. Learn why. Get out of blame. Get out of ego and be like, well, seriously, I could have won on this. I didn't. What was the reason? And then once you do, man, you just become such a better trader. And if you need help in that regard, because you're not as fluid as maybe me or Bauer-Alex are, because we really know what we're talking about, what we're looking for, guys, get a tab partner. Get a tab partner that's better than you that can teach you and bring you up to a level to where you progress together, evolve together. And again, one of the students, dude. One last thing, but the tapping that you mentioned is not necessarily trying to tap on that's better, because what happens is this, you may be better in one department than they are. Like for example, man, I was very good technical analysis individual, but I'm horrible at filing. So if that partner was someone that knows filings, I'd do great things like that. So you, as a tab, you help each other fill up deficiencies and holes in your career. I'll correct that on that. It's not that he's bad at filings. It's just we don't have the attention span for it. So we need a really patient filing guy. I know, pal, dude. I know, pal. The guy's got a mind that can cure cancer and AIDS and coronavirus, but sometimes we don't have the attention span that matches up with his brilliance. Yeah, I used to figure out how many shots I could drink before I passed out. Yeah, he can figure out how to, the perfect pickup line for a girl in a club, man. He could do the right thing about telling them. Sometimes things like filings take a lot of patience. A lot of fucking focus. I can scale my drinks all night shots. Know your strengths, know your weaknesses, guys. Go find what you're looking for. We have all the resources you need. Hit me up if you have any questions. Schedule a call if you're not in MIC. And dude, we'll do it again next week, man. This is a lot of fun, very informative, and thanks for coming, guys, seriously. All right, guys. We'll see you back in after hours. See you, pal. See you, buddy. Bye.