 What's up, everyone? I am back to walking here in New Jersey. It's a beautiful day outside, so I decided to come out here. Unfortunately, I don't have my selfie stick with me, so I'm using my hands, which I'm gonna probably be moving the camera a lot, but a lot of good topics today, guys. So if you guys are just joining us, or if you guys don't know much about us, you know, every single Monday, I make a video directly after my trades. So I trade between 9.30 a.m. and 10.30 a.m. and then at 11 a.m., I come on here and make a live video. And the reason why I come on here and make a live video is so that when my brain is fresh with the trades on the day, when I just executed and everything is in my brain, I wanna try to express that. I wanna try to give you guys lessons on that because by the time tomorrow comes around, I'm gonna forget exactly what I traded, right? So today is a great day because I made over $7,000 in fucking 30 minutes, which is awesome, awesome, awesome, awesome. And $7,000 a day is pretty much, if you stick to it consistently, is about $1.7 million on the year, which is a huge amount of money if we just do it every single day. So today's topic is about stock selection and hot stocks and side stocks. So I kind of wanna explain what I did today so you guys can understand and create a process around my process, right? So number one is what stocks was I interested in today? So if you guys heard the news on Friday, Elon Musk is pulling out of his Twitter deal and because he's pulling out of his Twitter deal, Twitter stock went down and all these other social media companies like DWAC went up. And if you guys don't know, DWAC is true social. That is Donald Trump's social media app. So when the news was announced that Elon is no longer buying Twitter, DWAC went straight up, okay? It went straight up. Now, this was a stock I was very interested in because if you look at the daily chart on this stock, DWAC, it's just been trending lower and lower and lower and lower. Anyone that is long a stock like DWAC is stuck. They want to get a bounce so they can exit the stock. Now, what ended up happening on DWAC was it was around $32 pre-market. Pre-market was $32 and it ended up going straight down pre-market. So I had a stock that was kind of up on fluff news, right? So what Elon is not buying fucking Twitter? He's not gonna buy DWAC, right? He's not gonna buy true social. So we look for A-efficiencies in the market. We look for stocks that should not be where they're at. And DWAC was an example of stock that was up on pretty much bullshit, right? And the best part about DWAC was up that it already pulled back pre-market. So the chart was set, okay? The chart was set. The stock topped out and all we're looking is to short the bounce on DWAC. Now, what made DWAC even more appealing, what made it even more exciting to trade was there was a hot stock on the day, PLRX. PLRX was a day one, easy to borrow, high institutional ownership stock, okay? So let me tell you the red flags again. Day one, easy to borrow, 88% institutional ownership. This was an avoid. If you were an MIC member, the stock was trading at $13 when we said not to short it. It traded as high as $22 and $23. So just being an MIC, you understand which stocks to avoid. And again, how do you know which stocks to avoid? The red flags, easy to borrow. Day one, high institutional ownership. Oftentimes low float is included in that red flag checklist, okay? So that is why I avoided PLRX. And that is why I mentioned to the members in the room to avoid PLRX because it had no edge. A stock like PLRX takes all of the attention on the day. Oftentimes very early in my trading career, hell, even maybe two or three years ago, I would have tried to trade PLRX and I would have fucking lost my ass and I would have had a max loss day. So number one, if you do not have a max loss set at the broker level and you shorted PLRX today, I almost guarantee that you blew up your account. If a stock is moving like PLRX that's extremely hot, that's day one, notice today I did not trade it. I did not trade it because I've lost so much money trading these stocks that I finally learned. I finally got slapped on the wrist enough times to learn to avoid these day one hot stocks, okay? So if you lost money on PLRX today and you are not in MIC, I guarantee you lost 10 times the amount of the membership cost which would have saved you knowing what stock to avoid. Now just because a stock is day one does not mean that it's an avoid. PLRX was day one easy to borrow high institutional ownership, TBLT, TBLT was a day one stock. The difference between TBLT and PLRX is TBLT had some dilution. TBLT topped out pre-market. So TBLT was broken. It was broken. So that was a top stock. And if you were inside MIC, you would know that we identify key areas of support every single day. What makes MIC special is we identify which stocks trade, which stocks to avoid, and the stocks that we want to trade, we identify the key support levels on them to be able to know when those key support levels break. What are we gonna do? TBLT, we identified that 258 was key support. We waited for 258 to break and then we started to, that was the signal that caused it to break. Personally, for me, I shorted around like 270s, a little bit on the front side because I had a cushion. And when I covered out at zombie times around like 270s again for break even, as soon as I covered out 10 minutes after zombie time, it broke 258 and traded as low as 240s or maybe even 230s. So I personally stuck to my rules. I missed that one. I screwed up on that one, but the plan still works. So notice the difference between the two day one plays, TBLT and PLRX. TBLT was day one, topped out pre-market like DWACC and had dilution. PLRX did not top out pre-market, did not have dilution, but it was instead day one, easy to borrow, high institutional ownership. So if you are looking for stocks to go long in the morning, look for those red flags, look for day one, look for low float, look for easy to borrow, look for SSR, look for high institutional ownership. If looking to go short on day one plays, look for stocks that have dilution, look for stocks that are broken pre-market. And all of a sudden, here's TBLT that did exactly that. So today's lesson on stock selection is avoiding the hot stocks of the day, identifying key support levels on the stocks that if they break, they are not coming back. Now, as I'm recording this live trade here, guys, when I left my desk TBLT, I mean, PLRX was around $20, okay? It was around $20 when I was recording this video. I identified an MIC, if $18 breaks and goes under $16, under $16 makes PLRX broken. So we will check back in towards the end of the day to see what ended up happening. If PLRX holds $16, it's probably going higher. If it breaks $16, it's probably going lower. So identifying these key levels on stocks, these key support levels is what we do every single day. So in addition to knowing what stocks to trade, we also know what stocks to avoid. And PLRX and every single day passes. On day two, on day three, I become more excited to trade it. I become ready to trade it. I am not in a rush to short it on day one. I would rather short it on day two and day three because I'm telling you, you may see it, you may not see it. Everyone's blowing up that short it. Also, check out this Aston Martin. Sick. Anyone that shorted it today is now dead. And me, previously in my trading career, I might have lost on it too, but after losing on so many stocks over the eight and a half years I've been trading, now I know what stocks to avoid, guys. So does that make sense as to why I traded DWAC, bullshit news, why I traded TBLT, and why I avoided PLRX hot stock? These lessons alone allowed me to make $7,400 today. $7,400, okay? That's life changing money. Yet all of you guys are looking to join these communities that are $99 a month and you guys end up losing fucking $10,000 a day. So you guys are really fucking smart, saving a lot of money on the monthly fee, but instead of losing your ass on your trades. Geniuses, right? Geniuses. And that brings me up to the next fact of the day, guys. Holy shit. I sort of had this FedEx truck run over me so I could retire. This brings me to the next fact of the day, guys. It's our meetup. We are hosting our fourth annual anniversary meetup in Utah. So if you go to myinvestingclub.com slash meetup, you will find all of the information for our upcoming meetup. This is 100% free. You do not need to be an MIC member to attend the meetup. This is your chance to meet me, Bao, and the entire MIC team in person. Every year we host a massive, massive meetup from traders all around the world to come up. So whether you are a new trader, whether you are a struggling trader, whether you are an MIC member or not, go to myinvestingclub.com slash meetup and come to our meetup for free. Let me tell you the agenda of our meetup. It's gonna be on August 19th to the 21st. August 19th at 8 p.m., we are having a small networking meetup. So that means if you're here, you already had your dinner and you guys are just looking to hang out. August 19th at 8 p.m., we're gonna be hanging out in the lounge area and we're just gonna be having fun, nothing crazy, nothing formal. Just come, meet traders and hang it out. August 20th is the day of our meetup. From 11 to three I think is what our timeframe is. This is your chance to come meet me, Bowen, the entire MIC team. We'll be highlighting members, we'll be giving you guys education for free and we'll all be hanging out together. This is your opportunity to meet other traders all around the world as well. Trading is very lonely. Not a lot of people understand what trading is like. They all think we're gambling. So this is your chance to meet other like-minded professionals and improve your life altogether. Now at night after the meetup, around eight o'clock is we are having the success trader after party. This is your chance to meet our broker. This is your chance to come hang out with us and have a couple drinks. I mean, it's gonna be a great time, man. It's gonna be a great time. This is all free. There's no strings attached. We're not gonna be selling you anything. And guys, this broker success trader is the broker that Bao and I are using every single day. So this is your opportunity to meet the CEO of success trader. To talk about how much success trader can save you money. Success trader, for me guys, the reason why we switched is because other brokers were taking advantage of us. They were charging us way too much in commissions. They were not giving us the proper rebates and they were marking up the locates like crazy. In my opinion, guys, I think success trader has some of the best prices for locates and I think they have some of the best commission rates. And using the MIC route, you essentially get a rebate that's higher than your commission. So at Robinhood, you could trade for free, but you can't get shares to short of these stocks. As success trader, you could have shares to short of these stocks and get rebates that are higher than your commissions. And if you have any questions about the broker, they will be there at the meetup and we'll see you guys all at the after party. So all that information is at myinvestingclub.com slash meetup. We're anticipating hundreds of traders that are gonna be there. This is probably your last chance for the year to come and meet me, come and meet Bao, James and all these other moderators, Tom and meet us in person, right? What makes MIC special? The reason why we started MIC is because trading was very lonely. I wish I had people to talk trading about. I wish I had people that understood what we were going through. And we throw these meetups, not the profit. How could we profit if we don't charge anything? It's totally free, we actually lose money. We throw these meetups so that you, the lonely secluded trader that sits in your office, sits in your bedroom all day long alone, could have an opportunity to make friends with someone that is truly passionate about everything that you love, which is trading. And in the process, it allows you to meet professionals. Traders are not all stay-at-home dads or whatever the hell it is. Traders are doctors, they're lawyers, they're engineers, they're professionals in all different walks of life. So you never know who you're gonna make friends with. I've made lifelong friends in MIC and I'm really excited for the meetup, guys. So I hope to see you guys all there, August 19th to the 21st. All the information is on myinvestingclub.com.meetup. Now, before we end, before we end, I wanna open it up to a brief audience Q&A. Again, this is a live video, so please put your questions here and we will go through them one by one. When a support level breaks down for a few minutes and then reclaims that support, how do you know to short that bounce or avoid it support that has reclaimed? Well, it depends, guys. What time is it? Is it zombie times? Did the stock reclaim support as zombie times? If that's the case, if that's the case, then you shouldn't attack it, right? You should look for the special time frames in your trading, guys. So if a stock is reclaiming support, did it just break a whole dollar, I mean a whole enough dollar on the chart? For example, was it $6 as support and it went down to $5.99 and then rebounded? Chances are that was a trap. Someone asked, how do you calculate your max loss? Your max loss should be one day's worth of work, right? So if you make $100 a day, your max loss at the broker level should be $100 so that you can make back your loss in one day because what ends up happening is you guys lose weeks or months or years worth of gains in one day and then you spiral and you can't make it back. Even all these professional traders on Twitter that made millions of dollars last year, they've trade and trade and trade, green 20 days in a row, the 21st day they lose all their fucking money. Oh yeah, also guys, on myinvestingclub.com slash meetup, we have discounted hotel rates for you guys. We call them up and got a block of hotels for like a 50% discount. So go to myinvestingclub.com slash meetup and reserve your hotel spot because I think there's only a certain amount of rooms that have the discount, right? And again, guys, just book it so that you guys are locked in. Do you ever short stocks around SSR? Yes, but I use small size. I am mostly short buys, guys. SSR doesn't mean anything other than you could just short the offer, right? You could short the offer. So as long as you're shorting on the ask, you're short SSR stocks, you just gotta be very careful with that. Yeah, guys, go to myinvestingclub.com slash meetup. You'll see our agenda. You'll see the time frames. And also guys, and also you come to the networking meetup on Friday night. You make friends with someone. We have a list of restaurants. We have a list of bars. We have a list of activities for you guys all to do together. This is your opportunity to meet other traders, talk about your favorite subject, which is trading and then go out and have a drink or hang out and do whatever you want, right? So activities are whatever you guys wanna do, right? Success Trader Commission is 0.002 a share and then the rebate is 0.0025. So you get 0.005 as a rebate. So your commission is free and you get an additional rebate. I hope these videos are helping, guys. We've been consistently doing these for almost four years now, four years and people still don't watch it. People still don't care about it, but the people watching are making money. I feel very confident in saying in these bear markets, no other community is making money except MIC. And if your mentor could only make money in a bull market and not in a bear market, you guys are dead, man. Cause this bear market could last six months. It could last a year. It could last two years. It doesn't matter. We're still showing up every day. And in bear markets, we're making $7,000. So I'm gonna post my P&L in the description below so you guys can go see it on Instagram. But man, I'm very proud of MIC. MIC is a gold mine. And even on a day like today, or something like DWAC pays for a lifetime membership, that's lifetime. So hopefully you guys are learning from these videos. I am exhausted, but I'm gonna get back and start answering member questions for the rest of the day. Thanks, everyone. And I'll see you guys back in the room.