 What's up, everyone? Happy Monday. I feel like I haven't made a video like this in a while. The last video you guys saw for me was an update of my yearly profits, which is about 2.5 million after fees. That is after commissions and after locate fees. So be careful what you see on Twitter and social media. A lot of these guys posting big numbers. They don't show that half of those numbers are going to fees and locates. So my net net number this year is 2.5 million, which fucking thank God is a great amount of money, right? So not here to talk about profits, not here to talk about any of that. What I want to do in today's video is I kind of want to recap my trades of the day and I want to kind of open it up to what you guys want to talk about. I mean, we made so many videos, guys, of so many different topics. It's so mundane. It's so boring at this point. It's the same regurgitated shit all the time. People always ask me why do you guys say the same things? Why do you guys say the same things? I mean, it's because the same things are what's working, guys. I'm not going to say something different just to make you guys happy when I know something over here is working, right? So it gets very boring. It gets very repetitive. It gets very tiring to come on and say these same things at the same time. What is SSR? How do I draw my lines? How do I read filings? How do I do this? How do I do that? We've answered these questions hundreds if not thousands of times, guys. So just bear with us sometimes when it gets kind of boring. We come on here because we want to help you guys. I've just made $3,600 today. I don't need to do anything. I can't even spend it all on one day, but instead we come on here. We try to educate you. We try to help you for free so that you guys can make money so that you guys could afford to join the community so that you guys could afford to join the club and take your trading to the next level. So today is Monday, September 13th. My birthday just passed, 27 years old now. So I still have white hairs. I still have everything. But anyway, so what I want to talk about today is EFTR and then I'm gonna open it up to you guys. So EFTR, if you guys look at the daily chart, there has been one pumper that has been pumping the stock every single day at pre-market. Three days in a row, this pumper has been pumping this stock saying it's gonna go to the moon, saying it's gonna go up, saying it's gonna go fucking crazy. But the thing about EFTR, which made it a very special case scenario that I traded it every single day was this. So number one is I don't like to trade stocks over $10. I have a weird thing where if a stock is between the range of like 10 to $15, it's just not good for me. I don't know what it is. My sweet spot guys is anywhere between $2 to like $8. That's what I find works for me and never in any circumstances should you be shorting any stock under $2. Because for me, I find that it's very tough to trade. So I had a lot of people ask me about CEI, which is a $1.50 stock if they should be shorting it. And to me guys, the best case scenario is gonna go down to a dollar. It doesn't really make sense. A lot of these penny stocks, they have a special rule where they need to hold the bid over $1 for like a 10 day rolling period or 15. I don't really even remember, but they have this rule where they need to hold the $1 minimum bid and there's gonna be manipulators, there's gonna be pumpers, there's gonna be everyone trying to hold that $1. So again guys, under $2 stocks do not short them. There's no edge in my opinion. So that brings me back to the fact of why am I trading a EFTR is a $30 stock when I said that I'm not good at $10 stocks? Well, twofold. Number one is this stock was pumped. So this was in the artificial mover. This was not catalyst driven. Sure, there's some bullshit price target. Sure, there's some bullshit this, that, but there's no real catalyst. There's no PR. There's no real reason for this stuff, right guys? And to me, that was catalyst number one is there was no catalyst. Then there was these pumpers involved. And then here's another thing that's very important to realize about EFTR. It is that the borrow, the locate, the ability to be able to short it was way out of the reach for most people, okay? For example, if you wanted to short on Thursday or Friday, it was $1 a share. So if you wanted to short 1,000 shares, it would cost you $1,000 that you would be in the negative even before you did that. Today, I think it was closer to like 20 cents or 50 cents. So if you wanted to short 1,000 shares, it'd be $500. The barrier to entry to short this stock was so high that most of the participants were long bias. So when you have a no catalyst pump and not many short participants, that's on my radar. That is what I'm interested. And what I mentioned to everyone in the room this week is the market's been slow. We haven't really had too many runners. So I mean, to me, I want to wait until after 9 a.m. to be able to look at these stocks. EFTR got pumped pre-market and then right at the market open, it rejected. I mentioned that there was a 34, 34 wall, 34 seller. There was a $34 seller on EFTR, which I mentioned pre-market and that's basically where I shorted. So I shorted pre-market at $34. I got out around like 30, 31 and it went down to 27, 28 right now. So maybe like very nice couple of dollars a share, $3 a share on a thousand shares adds up, right? So anyway, point of that trade was to explain to you guys why I took a trade that didn't kind of fit my criteria. It's because it had this special case scenario. So that was EFTR. So notice the barrier to entry on EFTR was so high, it was such a high locate fee that most brokers didn't have it and most traders didn't wanna pay it. Why would you pay $1,000 right off the bat? It's very risky, you need to know what you're doing so it's only experienced people taking that trade. Whereas something like LIFE is easy to borrow guys. Right now it's trading at $8. It's easy to borrow. So what easy to borrow means is anyone in their grandma could short. So EFTR was mostly long participants because the borrow was so hard to get whereas LIFE is mostly short participants because the borrow is so easy to get. So notice, I didn't really know that this was gonna be the topic of this video. It just kind of happened but I guess today's topic is about hard to borrow versus easy to borrow, right? So if a stock is hard to borrow, chances are it's mostly gonna be long crowded. If a stock is easy to borrow, most likely it's gonna be short crowded. Easy to borrow stocks tend to go up easier. Hard to borrow stocks tend to go down easier. In the stock market, whichever side is heavy, if a stock is heavy with longs, it's probably gonna go down. If a stock is heavy with shorts, it's probably gonna go up. And that's basically how it works in this market, right? So that's just something that I wanted to kind of talk about today. Something that you could tell very clearly, EFTR went red, it was hard to borrow and LIFE still keeps climbing because it's easy to borrow, right guys? So that's lesson number one. So easy to borrow versus hard to borrow. So I kind of wanna open up to you guys. I wanna see kind of what's on your mind. What are you guys struggling with? What can I help you with? In my opinion, this market has been very easy and very dominated by the short sellers and what that means is stocks tend to go up and come back down. There's no day two moves. There's been no real crazy squeezers. There's no stock that went from five to 50. And I think we're very close to that. I call it intuition, call it, I don't know what it is, but I have this feeling that shorts are very comfortable and when one side of the equation gets comfortable, there has to be some sort of balance to the other side. So either this week, either next week, we're gonna get a crazy runner and already we see a stock like LIFE, which really has no business trading at $8, trading at $8, right? So that's that. And then I have ATER on my side radar. So tomorrow my top watches are ATER for a first red day and LIFE to short into resistance. So if this was not zombie hours, if it was not 11 a.m., I would be shorting LIFE around $8, right? Cause that's kind of what I would think is a little bit more of an extended move, but because it is zombie times, because the longs have the advantage, I'm not touching it. I don't really care about it and I'm basically waiting. So I kind of want to open it up to you guys. I want to do a Q&A. I didn't know this would be a topic about easy to borrow or hard to borrow. You guys could ask me anything. I'm really here to add value to you guys. If you guys want to ask me about stocks, ask me about stocks. If you guys want to ask me about crypto, you can ask about crypto. If you want to ask about cars, you can ask about cars, but you have a multimillionaire day trader here. So asking anything except stocks would not really add value to you guys, right? So let's open it up to a brief Q&A. I'm going to sip this coffee and let's see. Why do you always choose to direct value your orders to ARCA? Because ARCA gives you a rebate. So for example, if I am paying a .0025 commission and ARCA is giving me a .0025 rebate, that means that I'm essentially trading for free. And I like to use ARCA because on ARCA I could hide my size. If I want to short 10,000 shares or something, I'm not going to show the market makers 10,000 shares. I'm going to show them 200 shares. Do you think life will be a good first red day along with ATER? Life is not a first red day setup, guys. A first red day setup requires minimum three green days in a row of parabolic extended action. If I'm not wrong, I'm pretty sure life is only on its first green day. So it need to go multiple days in a row for me to be interested in it. But ATER is a first red day setup that I am stocking. Does MIC have a specific broker training component? How to trade your view? Yes, in trading basics, which is our free series for trading beginners, our mentor Joe goes through charting, level order entry, different types of orders, how to locate all that stuff. So we have videos on this, guys. So I mean, I don't know why you guys are trying to YouTube these videos from people that have never traded in their lives when we're having six and seven figure day traders making these videos for you guys. What is your process for finding the stocks you want to focus on? I look for the top percentage gainers on the day. I read and decipher the news. And then from there, I look at the flow. I do a bunch of different things, but I have videos on this. You can go to YouTube type in my investing club, Alex's process. What is the maximum amount you would pay for a hard to borrow stock? So, excuse me, this is a good question. I only locate a hard to borrow stock. If I know I can make more than double the locate fee back. Example, if a stock locate fee is 10 cents, if I don't think I can make 20 cents on the trade, I will not take it. And oftentimes people ask me, should I locate every single stock on your watch list? In my opinion, you should only locate a starter position and get more if you need it, guys. For me, I only locate a full position if I know that the stock is scarce, if I know that there's not much availability on it, if it is a hot chick, okay? Other than that, only take a starter, guys. Sorry, I'm scrolling back. Did you do finance in university to day trade? I studied finance, I learned nothing in school. That's why we created day trading school, which is MIC. And ATER, my thought is first red day. Why do easy to borrow stocks tend to go up because most people are short in them and the shorts need to cover? Why do you got those pillows not a comfortable chair? I just need more back support because I'm sitting on a chair all day long. I need more back support. Yeah, guys, I don't know why you guys aren't joining. You guys are confusing yourself with these random strategies. I mean, you guys are being cheap for $99 on your first month. You guys lose 10 times that on a bad trade. Do you care about adding liquidity when entering and exiting a trade? When I enter a trade on the short side, I usually hit the bid because I wanna get in there and when I'm covering, I add liquidity because I'm very patient with my covers. How do you feel about day trading Tesla? I mean, I see a lot of people trading it. I mean, to me, I can't compete against the multi-billion dollar algos, so I'm gonna compete against the idiots that are buying pump and dumps, guys. Again, do not use a percentage of capital for your locate. Keep it simple, guys. Do not whip out the scientific calculator. Do not whip out the protracker. Do not whip out the graphing calculator. If you think you can make double the locate fee, you locate it, okay? Try to keep it simple, guys. I don't know who's teaching you guys all these complex equations, complex strategies. That shit don't work, man. How to be successful in MIC. What should you focus on? Number one is watch the accelerator course. If you do not have access to the accelerator course, watch Faze Study Guide. After you watch Faze Study Guide, attend the weekly webinars. While you are attending the weekly webinars, paper trade. And after you paper trade for about a month, dive in with 100 shares, max size, and remember, this is a marathon, not a sprint. I had so many people, you know, I'll tell you guys a story. I had someone DM me over the weekend and they asked me, hey, Alex, how long did it take you to become a consistent trader? And my answer was, why does it matter how long it took me to become a consistent trader? What matters is this, I know someone that found consistency in two months. I know someone that found consistency in seven years. And for me, I found consistency after a few years. So the way that you find consistency, the way that you find success is a direct correlation of how much work you put in. The guy that maybe took five years to become consistent maybe watched one video a day, whereas the person that found consistency in two months watched 10 videos a day. So it is a direct correlation of how much work you are willing to put in. Just because I found consistency in a couple of years or someone found consistency here or consistency there does not matter. It is a direct correlation of what you are doing, right? And here's something that I didn't really want to talk about and it's something that I really don't want to mention yet. But we have toyed around with the idea guys of removing the monthly membership overall. The reason why we've toyed around with the idea of removing the monthly membership overall is because it takes more than one month to find consistency. The only reason why we created the monthly membership is to give you guys a look inside to see what we offer. But I don't know about, I'm thinking maybe we get rid of the monthly membership only and just keep the annual membership and the lifetime membership because to really truly find success, you need to dedicate at least one year. If you are not serious about this and you think you're gonna be rich in one month, not gonna work guys, not gonna work. It takes one year minimum, minimum to find real success. And I'm talking six figure success, I'm not talking bullshit success, right? So $2.5 million guys is what I made this year, okay? And that is more than a doctor, a lawyer, an engineer, a surgeon and a CEO combined, okay? And all those people had to go to school for six to eight years to do that. You're not gonna go to a trading school for six or eight years, it's probably gonna take you one year guys. So maybe, maybe to get rid of all these freeloaders, all these people that just think it's a get rich quick scheme, maybe it's about time to get rid of the monthly completely. So I don't know, maybe that's something we gotta consider about, maybe that's something that we gotta think of, maybe we make the club a little bit more exclusive, we make it less people and we focus on getting people that really truly want to dedicate one year because guys, college for me, college for me was $20,000 a year and MIC is 90% cheaper. So, I don't know, we'll think about it, but let's go back to the questions guys. Any questions, what time is it here? It is 11, 24, so we'll do a few more minutes of questions guys because I gotta get back to answering questions. Again guys, we created the monthly so you guys could see a look indoor. It is not a coincidence that the annual and lifetime members are making the most amount of money because they're actually serious man, serious. So anyway guys, let's go back to questions. Let me keep sipping my espresso. Yeah, if you're a monthly member, you could stay a monthly member. I don't think we're gonna ever cancel your monthly memberships, but if you cancel your membership, you're not gonna be able to get back in monthly. But we'll see guys, we'll see. What's in the cup? I got some lean in the cup, some purple drink, AKA what the wrappers drink. It's fucking espresso, bro. So that's the questions I get. What am I drinking, huh? I'd be down for the monthly if there are 12 scheduled payments. Maybe we could work on payment plans. I don't know, we'll see what's coming guys. I mean, if you guys don't have any other questions, I mean, I'm just gonna go back to answering member questions for the rest of the day. How do you know when to add, okay, so this is gonna be the last question and then I'm gonna wrap it up. How do you know when to add to your winner, right? How do you know when to add to your winner? So here's the guys. Sizing is not something that you do on every single stock. People always ask me, I can't get full size. I can't get full size. I can't get full size. What's going on? Full size is reserved for the best setups only. If you are showing up every day and trying to size in on everything, you're doing it wrong. I used to do that because I didn't know any better. I didn't have someone teaching me, like I have teaching you, right? I would show up, I would fucking bulldoze into everything, right? I would dump the truck into fucking everything and I would keep fucking losing. Size is reserved for your best setups only. I'm gonna give you guys an example. If you consistently win 90% of the time on a death line setup, then you should only use size on a death line setup. For me, my best setup is a first red day setup. So I only use size on a first red day setup. Everything else is meanial. Everything else is whatever. I don't really care for it, right? So keep in mind guys, size is a art, not science, not every trade is the same trade. And if you are coming into the market, sizing in on everything, you're bound to lose. Focus on sizing into stocks that you consistently make money on setups that you consistently make money on. And then all of a sudden, you're now just making more money on your best setups, right? If I'm not trading stocks, how can I benefit for you guys on a psychological part? For every Monday and every Tuesday for the past three years, we've had YouTube lives and Instagram lives that go over the psychological mental aspects of trading. We were talking about it before anyone else and now all of a sudden it's cool but people forget that we still do it every single week. So I think I'm gonna call it a day there guys. This video went on a little bit longer than I expected. I'm gonna go back to answering member questions and yeah, that's basic guys. So I appreciate you guys coming on here. I'm gonna continue to try to add value in your lives as long as you guys keep showing up. If you guys liked the video, leave a like on the video, leave a comment and let me know what you think. It's basically it. So I appreciate you guys and thank you so much for attending.