 All right, so Before I get started I kind of want to mention a couple things number one is if you are not an MIC member or You are a brand new trader We have something really special We have a free two-hour course for non-members The way the course is is it is a webinar that me and Bao are doing You could register for the webinar at my investing club dot co dot co and The way it works is there's limited seating every week. There is limited space every single week So if I was you you're brand new go to the website right now reserve your spot and Watch the free two-hour course and if you watch the whole thing at the end of it We give you a free 10-hour mini course, which is basically a bunch of videos that add up to 10 hours so you're only going to get that if you watch the webinar till the end and If you do not reserve your spot, you are not guaranteed a spot in the webinar So that is the first thing you should do right now my investing club dot co Number two is this Friday on October 11th Bao Tash and I will be in Las Vegas We got one of the nicest penthouses at the encore hotel and Basically, we're just gonna have free party for everyone We're gonna have some drinks But if you want to bring drinks with snacks feel free to do so We're all just gonna hang out for a couple hours in the penthouse Talk trading hang out and just like be surrounded by like-minded people There's a lot of people are gonna be in Vegas around this time So we want to kind of see all of our friends and hang out with everyone So October 11th is when we're having our penthouse party at the encore I'll put the sign-up sheet in the description of the video and You need to sign up to be have to have entry to this, you know, it's gonna be free It's gonna basically be from I think eight o'clock Until when Bao blacks out which is probably gonna be 11 o'clock and then you know We'll take it from there. That's gonna be on October 11th And we'll probably be in Vegas for maybe a couple more days and yeah, that's it. So free course Las Vegas event. All right. Now. Let's talk trading so First things first is I want to walk everyone through my daily trading process. What is the process? Why do you guys keep talking about it? And why the hell is it so important? So let's start with the beginning a daily trading process is a daily routine that you have to have in order to optimize Your trading to the highest level. So for example for example I'll walk you through my daily trading process. So what I'm doing every morning is I'm waking up around Five or six a.m. Market time You know brush my teeth taking a shower doing all that stuff and then I get to my desk usually by 630 or 7 in the morning and I usually get there around that time is because that's when you know pre-market is the most active for some of these small cap plays so I get to my desk at 7 a.m. And immediately the first thing that I do is I look at the top percentage gainers on the day and I'm just gonna preface this I've been trading for six years and have not paid for a stock scanner one time I have never ever ever ever ever ever ever paid for a scanner ever and the reason why is because My platform dos trader has a top gainers list built into the platform for free Right. So all I'm doing is I'm looking at the top percentage gainers every single day on the platform And if my platform misses anything MIC members some of them have scanners Andy Doe posts his daily Trade ideas scan for the members. So number one is if you are paying for a scanner You are fucking clueless. You are clueless. Don't waste your $200 a month on a scanner That's just showing you the top percentage gainers when you can use that to join MIC and have the members post the scans for you or have bow post it bow has been paying for a scanner for fucking 20 years It's part of his process. So every morning he posts his scanner as well. So you don't have to do that That's number one. So I look at the top percentage gainers of the day And then from there I try to narrow it down So I check the float I go on finviz.com and I see what the float of the stock is if the stock I think for me the sweet spot is anywhere between 4 to 10 million for a float which makes me excited so After I narrow it down to have stocks that are in that type of float what I do next I look at the filings I go on BAMscc.com I Pull up the filings. I'm not going to talk about which filings to look at or what I'm looking at specifically We have videos on this. We have a free DVD on this So I'm not going to get into that. So once I Find the stock I'm looking for once I confirm that the float is where I'm looking at it Once I confirm that the fundamentals are there now. I have a stock that I'm interested in trading Now what is the next step after that the next step is I go and I look at the chart I look at the daily chart and what I'm looking at on the daily chart is a Does the stock have a history of spiking and failing? Does the stock have a history of downtrending? Does the stock have a history of maybe even uptrending if it does have a history of uptrending? Or if it does have a history of holding its gains, I'm a little bit more cautious. I will size down I will be nervous But if the stock daily chart is showing me that the stock likes to pull back It is showing me that the stock doesn't like to hold its gains Then I'm even more interested then I'm like, okay, here we go next step after that is I Plot out my fantasy orders. I look for the nearest levels of resistance I look for whole and half dollar marks. I look for areas that the chart struggled last time For example, for example, if a stock is gapping up to two dollars and has Resistance at 250 that failed three times the last time it ran chances are the fourth time that test that place It's probably going to fail again So what I'm waiting for is I'm waiting for that 250 mark to test again And fail and I will be shorting that next balance or or I will use something called the 30% rule and this is kind of a great way to segue into that So what is the 30% rule? so Something that austin has said that makes a lot of sense is Frontside shorting requires front side covers, right? So I've kind of Adapten that and changed that and I want to do something that fits my personality better So I have a rule that says if the stock is on front side If the stock is above the web I am only allowed to use 30% of my max size. So for example, if my max size on a stock is 1000 shares I am only allowed to use 300 shares On the front side above view app that way If the stock does continue and if I am wrong And not only is it easier to cut off my loss with small size Because the loss is so small and be it preserves mental capital to keep me safe So that when it does finally turn I am sharp enough to realize What I am doing right and what I'm doing wrong. So That is the 30% rule James has been implementing it a lot of members have been implementing it and not only are they improving They are gaining More confidence And they are even if they are right on the stock. They're still making money But if they're wrong, they're only losing a little bit of money So that's that I plot out kind of go back to my process After I plot out my orders after I do everything like that if it is the front side I am using 30% if it is back side and the stock is under view app I am totally comfortable using my max size of 1000 shares or whatever it is depending on your account and how you like to trade That way I am not only staying safe When it's dangerous I'm staying small when it's dangerous And when it does turn I have a little bit of a cushion And I could trade it a lot better So that's kind of what my routine looks like every single morning And then how do I exit? How do I cover? What is the process of exiting the stock? So I'm always shorting at resistance and I'm always buying at support And if you're going long you should always buy its support and sell at resistance You never never never want to buy at resistance and you never never never want to short at support Because that is what FOMO looks like and that is what all the sheep are taught to do The sheep are taught to buy the breakout I was taught to buy buy the breakout when I started trading and I was like why the hell is this shit never working? Why the hell is it keep going down every time I try buying the breakout? So that's number one So this is kind of what my process looks like every morning. I wake up I look at the chart. I look at what's moving I do my research. I plot out my entries and exits and then I cover at support and I walk away And the number one thing that has been helping me in my process Is I like to walk away at 10 30 The reason why I walk away at 10 30 is because after tracking my stats for years I learned that I lose the most amount of money after 10 30 So eliminating that time frame from my trading has yielded to higher profits That doesn't mean that everyone has to cut off their trading at 10 30 That doesn't mean that you have to stop trading around that time It just means that based on my personality. That's what works for me But there are plenty of traders including bow who trade at 10 30 on the short side with less size and hard stops mandatory So don't feel like you have to stop trading at 10 30 As long as you have a plan And as long as you have a stop in place you could trade all day if you want It's just a matter of managing your risk and managing your mental capital So that's kind of one thing that I want to talk about Uh, let me think what else is there Over the topics that I was uh saying that I want to talk about today. I forgot Uh 30 percent rule my daily trading process Webinar meet up I think there was one more thing that I wanted to talk about I can't remember Oh trading in a slow market. Yes, that's what it is. Okay, so Lately small caps have been slow, right? It's been a slow market. And what does a slow market mean, right? What does that mean? Lately when we are getting movers This shit is only gapping up 10 or 20 percent And here's the as a short seller as someone who makes money when the stock goes down Give me a sec. Let me walk away from these uh landscapers I forgot lost my train of thought again Uh Oh, yeah, small market. Yeah. Yeah, sorry. Sorry. I'm shocked. So When the market is slow when the market is slow Stocks are only gapping up 10 or 20 percent And as a short seller as someone who makes money when the stock price goes down I want the stock to be as inflated as possible So that there's so much room for it to come down If the stock price is not inflated and the stock price isn't up enough There's no room. There's no range for me to make money on the stock So when these slow markets are here, we're having fucking stocks gap up 10 and 20 percent That's fucking nothing That's nothing. It's almost impossible to make a decent amount of money There's no meat on the setup on these stocks So when the market is slow and there is not enough range not enough meat on these stocks It is very dangerous because if you are not fast If you are not precise you will be screwed by the up and down choppiness of the stock Whereas if a stock is gapping up a hundred percent a stock is gapping up 80 percent a stock went from two dollars to four dollars Right when it breaks, let's say 350 you got a dollar worth of range to come down You have a dollar worth of range to go back down whereas On other stocks stocks that are moved that are not moving that are slow You only got 10 15 cents of range if you time it perfectly Whereas if the stock has more meat and more range, it's going to go down 50 cents bounce 20 cents It's going to go down 10 cents bounce 15 cents going to go down 30 cents bounce 40 cents So you have so many more avenues so many more increments to make more money That is what a hot market is like that is what when you have stocks are gapping up 50 percent stocks gapping 80 percent When the market is hot you wake up at seven in the morning and there is a stock that's up fucking 80 percent It runs another 25 percent and then crashes Right, so that's what the market is how when the market is slow, right when the market is slow It is really fucking dangerous. It is really dangerous and let me explain why Let me explain why And I'm going to explain it through my own personal experience So I've been training for six years now, right? I'm 25 years old. I started when I was 19 Starting at 19 was the best decision I ever made because I started young I made all the wrong mistakes when I was young and now as I get older I am not only improving at a more rapid at a more rapid pace But I am understanding the mechanics of trading so much better because I've been doing it for so long So number one my recommendation is start young The younger you are the better because you have more time to learn that's number one So when I first started trading and the market wasn't really moving or the market was slow My initial reaction said fuck. I'm at the trading desk. I have to be making money This is my job, right? This is my job and if I'm showing up to work and I'm not working You know, that's not the way it works, right? That's not the way it should be We are taught by kind of the corporate structure that if you show up to work You have to do something you have to be productive or else you're not getting paid in the market. That's not how it works Some days you show up and you don't work and that's how you get paid and let me explain why right, let me explain why so In the trading world in the trading world The way that you make money Is by trading with an edge By trading when there is an opportunity in front of you The blackjack example is the perfect example because Here's the way it works If you go to the casino and imagine that you could see your hands before you bet You would probably bet massive every single time you got a 20 But just because you have a 20 does not mean that the dealer is not going to get a 21 and beat you So in trading you should only be betting when you have a 20 blackjack hand and a slow market day a slow trading day is a fucking I don't know. What's the worst hand in blackjack like a 12 or 13? I don't really gamble but Uh, you're getting that so when you get a setup like that when you get a hand like that You're probably not going to fucking bet on it. You're probably not going to bet big on it So why not wait for those optimal fucking 20s to come up? And that's how you'll do it, right? That's how you'll do it. So in trading you're supposed to be waiting For a 20 hand a 20 hand is a setup that you have an edge on Right. So on a slow day, you're getting that 16 hand and you're like shit Like you would never bet big or if you saw 60 you're like goddamn that sucks But in trading if you see a 16 you have a choice to not Trade it. So why would you not why would you not ever trade that stuff, right? You should not trade it. So On slow market days, we go out looking for hands to trade. We go out looking for stocks to trade And every single place is a 16 hand every single fucking time you see a 16 Every single time you see a non-niche setup. That's what it looks like so for me Today all I saw was 16s out there. All I saw was shitty ass fucking setups, right? So I said I have all this money. I'm not going to risk my hard earned money on a goddamn 16 I'm not going to risk my money on these setups. I'm not going to risk it all right I only want to risk my money when the setup is optimal I only want to risk my money when I know that I have a very clear edge on the setup So today when it was slow and there was nothing moving I didn't risk my hard earned money. I said there's no fucking 20 here Let all the fucking jackasses that think their x was traded some make money Some won't just like at the fucking casino. Sometimes you'll win Sometimes you won't but the truth the matter is this I am trying to do everything that I can to make the most amount of money with the least stress possible And if there are no 20 blackjack hands in the market today, I'm not risking my money on it I'm not risking just like everyone else. We all work really hard for our money And just because we're at the desk does not mean that we have to trade the setup So that's kind of what to do on slow days slow days recognize that you don't have to fucking trade If you don't see a setup that you normally make money on if you are a short biased trader, right? And you make most of your money on the short side on slow day. It's not time to go experiment with long It's not time to go experiment with options. It's not time to go experiment with futures What you should be doing on the slow days is just sitting down watching the market Maybe watching some of the educational videos Catching up on the webinars catching up on the content Maybe getting on the phone with tosh maybe getting on the phone with Austin Doing shit to kind of distract you because I know what it's like, right? I am the type of person that if I am sitting at the desk If I am at my trading setup, I will find anything to train I will find the fucking 16 hand and convince myself that it's 20 So what I have to do is I have to walk away from the setup I have to cut myself off. I have to stay distracted because if I do not I will hurt myself So my advice on the slow days is to one Recognize that it is okay to not trade and if you feel like me that you are being unproductive On days like this We have 600 videos to keep you busy so that you could improve So imagine on a slow day instead of losing money You are investing in your education to improve So that when that 20 blackjack hand does happen, you know exactly what you're looking for You know exactly how to fucking tackle that piece and you could just take it from there So yeah, I hope that's helpful. There's like a like thing over here So if that if this shit that I'm talking about makes sense I'll put a like there so I know that you guys are understanding and it's being clear If not put the question here. Maybe I'll try to Expand a little bit more on it. Try to clear it up a little bit more Uh, try to go a little bit more detail Uh, give me a sec while I catch my breath Can everyone see me all right? I think I got cut off Yes, no Just type in yes if you can see me Oh, sorry. I don't know what that happened. I must have uh The trolls must have hacked me again all right, so last thing that I want to kind of talk about before I wrap this up is We've been talking that we're going to be raising our prices for about five or six months And we finally have a concrete date on when we're doing it So on november 1st on november 1st We are raising our prices starting with lifetime Lifetime is going from five thousand to six thousand And then slowly we are going to be raising the price of annual and monthly as well So if you want to be locked in To the current lifetime plan Hit up tosh at my investing club or message him in chat before we raise the prices It's going to be slowly starting with lifetime an annual and monthly We've been talking about it for a long time And we're going to finally do it and the reason why is we put out so much content and so much value out for free We put out so much content daily for members Let me just talk about the content schedule in case people don't know Every monday I do an instagram live video every tuesday how does his instagram live video every wednesday tosh does a free webinar For members and non-members where he will open it up at the end for a q&a Every thursday austin does a two-hour mic strategy webinar Uh, usually on fridays. We release like a live trading video for the members that sam does On saturday. We have the saturday morning q&a and on sunday. We have A fundamental analysis video and a trading basics video So in seven days of the week, there's probably about eight or nine Videos that come out for members In that week, right and then on top of it. We have the daily moderator phone calls We have the events. We have a bunch of stuff in there, too And you know the truth of the matter is we provide so much So it's only fair to be kind of Raising our prices, especially because we don't offer any dvds all of the education is for free We have 600 videos And yeah, so that's it. We've been talking about for a long time and november 1st is going to be when it's at That's it. Nothing else really to say about it I mean, we're probably not going to ever drop the prices again So again, if you're interested in upgrading to lifetime, which is the best deal out there Hit up tash Maybe I have time for a couple of quick questions in the chat as i'm walking back home So if you guys have any questions anything trading related put it in chat And I will get to it now Yeah, also when we raise the price of annual and monthly what's going to happen is before we raise it Current members will be grandfathered in so if you are a member Of the monthly at 179 and we raise our prices to 199 You will be stuck at 179 as long as you sign up before the price range the price raise All right, let me get to these questions A daily chart that doesn't hold its gains will be a chart that shows a history of long wicks on the top cans Correct. It shows. Yeah, basically stocks that are going up and immediately fail on day one So with the low hanging fruits, how do you Determine your entry and can you be lowering fruits on monday? So the way the low hanging fruit works is it's a stock on day one that has collapsed that bounces on day two So i'm basically using day one resistance levels to plot out my entries for day two How long did it take you to trade full time? I think it was about two years but Trading full time does not mean sitting at a desk at all fucking times of the day The best thing that you could do is to trade part time The first hour like me and then go to your fucking day job Love you too j What is the best short setup for beer to learn the low hanging fruit and the death line? I don't really swing trade I used to hold shit overnight, but the truth of the matter is that Uh, whenever I was doing that I was losing sleep I was more and more stressed So I decided to choose happiness and less stress over the money And I've been feeling great ever since and believe it or not my trading has improved um shit I just had an acorn fall on me. What the fuck that hurt Wow Did you have big losses in the beginning every single trader that has traded the stock market has had big losses in the beginning If someone says they haven't they're a fucking fraud Look at this. Can you fucking see this shit? You see how it's red there Fucking trolls are in the trees too now man. I can't get away from these clowns At least it didn't hit my head. Imagine that shit hit my head and I fucking fell down on the floor Oh my god More people are going to lose 179 on their first trade or in trading No, a fucking acorn fell on me, bro god damn acorn Squirrels are trolls too now Anyway, most people lose all their money and then they come to misc and say Please I have no money left. Could you help me? Like if you just stop being so Egotistical and thinking that you could do the shit by yourself and be mentored By other successful traders I mean look the reality is you are not going to if you're not going to be I'm sorry Your best chance for success is being in misc If you cannot make it trading in misc chances are you're probably not going to make a trading ever That's just the hard truth misc is the best best best education that you could have for trading It is the most one-on-one trade training that you're going to have you get mentored you get on the phone with us You watch our webinars. You have everything that you want and then top it off. You have the meetup So if you're not making it in misc, you're probably never going to make it as a trader So at least invest that 179 Watch the videos for a full fucking month and if you don't learn anything just quit after a month Every single day Tasha and aloha get on the phone with our members So if you are struggling or if you want to improve or you have questions specific about trading You could literally get on the phone with tosh and austin and they will walk you through your trades You could send them your charts. You could talk them and they will help you improve your trading process One-on-one on the phone for free So for those in the live that are in misc What do you guys think about it? How has it helped you? So that other people could see So darin said He learned a lot Francois said misc is the best thing stock market crash 1920 Brian said it's a game changer jason said misc is amazing jack learned confidence luka best education in the industry I can look at the chart and actually understand what's going on Robert said never use stocks for misc and that's part of my process Like you need to be surrounded by other traders whose number one goal Is to improve and to help other people improve as well If you are trading alone you are doomed my friends you are doomed the secret to our success is that we're never trading alone And if we ever have any problems we could fucking help each other out And then top it all off. We have a 24 seven after hours with memes and jokes and They volunteer everyone to smoke a blunt Uh pictures of us all passed out hung over and then in the middle of it, you know, you have Uh golden nuggets from people like the bear people that are just watching the videos in library and Sharing which videos they watch and what they learned from it and how they can improve from it and everything so we have full full Kind of package of what it takes to be a consistently profitable trader It's basically just up to you if you want to take the deep If you want to take the dive and for fucking five dollars a day You can learn and the truth of the matter is if you don't have five dollars a day to learn Probably trading is not for you. It's probably not for you right You can't afford to kill up your starbucks coffee for five dollars a day and invest in something that's going to not only Change your life and make you happier Then trading isn't for you Anyway, that's it guys. I am going to wrap it up And I will see you guys back in the room