 Alright guys, we're officially recording. I want to make this very clear chasing a stock just like a lot of people did right here There's a really good example This stock was up a lot There are really no healthy dips and pullbacks to get back in people just chase from 36 to 42 on a stock That's like man. Why is this running again outside of crack week, right? Like Iran two days ago it got slaughtered yesterday like this should be a low hanging fruit man Like like this should probably be near the sixes. What's this doing here at 24 and 42, right? Well, the thing about chasing is it's the same results as fighting trend So when you chase just know that you're hopped up on emotions You're excited you feel like you missed the boat you want to get in what everybody's got in Another example I can think of is guys think about all the people that long ship coin in the last You know, whatever, you know or when it was running it's like we all knew how that would end right like I'm not here Trash-crypt or anything. I'm just I'm just we knew how that would everybody chase their asses off And now it's like at lows of like a month ago or something like the point is is when you chase You are entering and risking money on an emotional trigger that is counterintuitive to logic That's gonna make you money. You're just hopped up dude It's like you just took a Molly and now you want to go on tinder Well, that doesn't even make sense, bro You're gonna want to fall in love with threes fours five tens everybody that will give you a high five Because you're all hopped up on Molly and you're all horny bastard. I'm giving funny analogies But the point is go in with a clear head man. Don't swipe left or right until you know what you're getting yourself into Women or men it doesn't matter You don't want to get an asshole ladies and dudes. You don't want to get a girl who's gonna nag y'all that I don't know like what's the thing that goes both ways right like a dude's an asshole a girl now I don't know well, however you guys want to debacle that one But now that we're kind of here Done with the tutorial. I want to give you guys a chance to ask questions We can make this fun. We can talk about whatever you want today But when it comes to the title of this video is how to profit in a short squeeze market I just want to answer this real quick The way you profit in a short squeeze market is nail in bail when you have your confirmation first People longing from 36 to 42 had zero confirmation People shorting here and here these are terror like you need confirmation and then you nail in bail That's how to do it in a short squeeze market because remember we have markets where everything goes down And then you know shorts get a little complacent to get a little comfortable And then we have markets where a lot of things a lot of things just run and Right now we're in crack week. We're in turkey work where things are just by default Notoriously known to run So you got to be in quick and you got to get out quick kind of like a scalpers mentality But only until you know that things are breaking down not right here in Anticipation and not right here out of FOMO art should you be shorting if anything this was confirmation all day for longs Does that make sense longs had their confirmations not shorts and then days like You know yesterday on LDGN This is a confirmation for shorts But you got to wait for the pop like this is what I'm talking about man And when it comes back to anything that's important It's always about VWAP VWAP VWAP Why would you be shorting on this confirmation yesterday when arguably this little dip but I'm not talking about this little piece of shit I'm talking about everything is playing ping-pong and or over VWAP yesterday. Why are you shorting here? Why are you shorting here? You definitely are dumb if you're shorting here and you are just an idiot if you're shorting here I say this with love, but I got to throw you around a little bit like a punching bag every now and then so you'll learn because tough Love is a real thing with real results guys if you were shorting this yesterday I hate to say this I really do because the educator in me is like I got to be blunt but the real big hearted Tosh side of me is like well Don't be too brutal on them guys you deserve a loss if you're shorting this yes You do it's crack week and look at it over VWAP all day with confirmation to the long side Now now now now I'm gonna flip the script for any of you longs Who got greedy and said okay, you know, I made money yesterday I'm gonna come in right here and yeah, it's come down from 45 to 50 But guess what guess what this thing's gonna run to a hundred. It's gonna run to a thousand I'm gonna make more money that I did yesterday and then you have all the short Confirmations right here when you have a stock opening far from highs Into pre-market and then opening intraday far from pre-market high being bang and boom. What are the confirmations right here? It's broken Why are longs getting greedy on this and then they deserve to lose if they're longing this in the morning? Specifically and I know you guys already see it because I'm I scream at you every week about this When a stock opens way under VWAP and then pops to VWAP. Where's the short on that pot? Maybe this is not a long so if you if you shorted yesterday Almost at any point guys you kind of deserve to lose and if you longed yesterday at any point way under VWAP You kind of deserve to lose. I'm sorry That's how simple trading can be now Sometimes it seems like one plus one equals two, but sometimes one plus one in trading does kind of seem to equal five I I'm not gonna throw that out the window and say it's that simple But the foundational building blocks of what a process is of I'm only gonna short broken stocks I'm only gonna long strong stocks and maybe I'll take a week off a shorting for freakin crack week or etc Is you are going to understand through that? Paul saying what's up like this guy's a good salesman Dude, I I'm the creator of em. I see man, so I'm just selling my own brand bro I'm just selling our own creation, man But the point is guys is we're passionate behind this and if I sound like a good salesman It's just because we've been doing this for fucking eight years and I see the results of our members And I want you guys to learn so you guys need to stop over complicating this Okay, do you guys have any questions? Should I bring someone on Tom James? Are you guys here? Do you guys want to come on aloha trader anybody? Oh? Sorry travers. Did I miss something? What are your expectations for the week after crack week? Is there a rub off effect traditionally? Oh dude great question that my friend is a very hit or miss as what yeah I'll bring someone on what I've noticed travers for years is it's a hit or miss man Sometimes it does have like kind of like an earthquake after-effect shock. So what you'll see is Obviously if this is earthquake week what you'll see is like hey This was the 10.0 earthquake all week But now we have six and fives and four is like there's still a lingering volume and a lingering FOMO that does happen and then bro sometimes no joke people just up and bail like they're like fuck volume fuck trading I just had turkey and now I'm done trading forever. It's weird man So, you know, I think as per next week, we'll just see we'll just see we'll wake up And we'll see if it's just day-to-day process man, you know, here's the thing about process They can run they cannot run they can die They can squeeze they can parabolic and all you got to do is line to line So when a lot of people come in they're like, oh my god Like how are you guys gonna have a trading career when the spy tanks guys spy? I could go in the biggest bear market tomorrow and guess what we'll still be doing our process shorting overextended pigs, you know piggy small caps running At our lines line to line Thanks, Tosh. I like to understand things fully before I truly believe in it So I have a few questions after watching the accelerators. Sure brother. Um, I Quickly I came for I came from a service that teaches cut losses quickly But the accelerators talking about trading off multiple lines and adding to a loser to scale in well There there's a difference Tony and I'll make that very clear between adding to a loser or adding to a plan brother I'll make that very clear. I'm having a tough time grasping the MIC process because of the okay very very understandable So let's look at something like LVG LGVN today. I was confused that So let's take a look at yesterday, right brother So the thing about a process, right? the thing about a process is Everything that I've learned in my process has been back tested by me through results and within that process There is a plan I incorporate each morning. So let's let's take a look at LGVN yesterday. Say your plan was too short This line VWOP up to this point that would that would be a plan now I'm just using this more for a pattern because this is something I have at my disposal right now not necessarily like hey I'm gonna scale from 28 to 34. This could be a 20-set move on a lot of stocks I'm just trying to show you a pattern. So let's let's let's break this down on more so not the numbers here But a pattern if my original plan, whatever it is, it'd be any stock of the day I'm looking to scale from your ear. That's a preset plan. So anything that goes into hey I'm scaling it line one. Maybe you even have another resistance point in the middle or I'm just giving an example But line two and line three right because line the line at MIC is you scale the lines If they're not too far apart from each other and this is why I don't want you paying attention in the numbers right now If this was 20 cents, you'd be like, oh dude I'm scale line one two and three right or lines one and two but because this is like 28 to 34 They are very far from each other typically when the lines are say, you know When the lines are saved this far apart in number wise you would scale here if this line didn't work Then you would wait for the outer line and use the next line This is what bow incorporated the whole process of line by line But let's say it's like a 20-set move or even just 40 cents the plan would be okay I want to scale at this resistance point the tops right here up to these tops because this would be a serious ceiling Anything that you scale past that is adding to a loser So right like if this is your initial plan and I'll even draw hold on if this is your initial scale zone and You add anything outside of that you're adding to a loser But because you pre-planned this and what was willing to lose and may he look I'll just bring it down Maybe you only wanted to scale that whatever your pre-plan is is not adding to a loser. It's adding to your plan. I Hope I hope that makes sense man because believe me MIC process is very simple But it's also very intricate in there are intricacies that you want to pay attention to outer line VWAP trend things like that So maybe we can flush this out more if you have more questions send them to me Scaling. Oh, yeah, exactly exactly dude right here. David just answered it scaling gets you a pre-planned Desired average not adding to a loser. So let me let me actually go a step further Let me show you What we mean in the watch list So let me just use a couple random examples from Alex's watch this day, right? Alex's let me let me use an exact specific one boom KTTA He even gave a stop out right so check this out, man So come the open if this stock would have flown to seven To 750 To eight He would have scaled all three of those points If if if if it would have made it to those lines if he's starting right here Here, let me just make sure you have some commentary lined up just in case you're asking questions But Tony check this out So if the stock opened right here and he's getting in it's 650 when this is his original plan He's adding all the way up here. He's adding to a loser. That's not his original plan This is a pre-thought-out, you know logical plan of where quote-unquote the stock really should fail And if he so happens to scale from seven to eight and in 750 the whole half dollar line So these three levels within this area Nothing in that is adding to a loser because it's pre-planned. I cannot stress this enough guys You can trade anything that you want if you pre-plan what you're risking Where are you getting in and where you're gonna stop out at you technically can trade whatever you want The only time we add to a loser is when you go like this. All right, I'm in oh shit I didn't anticipate this. Okay. I mean, I guess I could add a little bit more. I okay. Maybe just that's Winging it. That's saying this is not pre-plan. This is not part of my plan I honestly am just hoping at this point if I get my average up. Maybe it'll tank fuck What do I do fuck? What do I do? I have been in that situation and shit a trading diaper More times than you can count in the last eight years as a trader When you pre-plan you have a steady hand you have your emotions in control When you don't pre-plan and look at a watch list and know what you're getting yourself into for that day, brother You are done. You are smoked So let me go back to the first part of your question. I Was actually in a community where they said cut your losses quickly I've heard this very commonly Yes, you should cut your losses quickly Tony But just know that the rudimentary guide that a lot of furus place out there of hey I'm gonna cut my losses quickly they use it to kind of protect themselves and I hate to say this because I feel like I'm Hating on them. I'm trying not to send hate out there for them but they're doing it as a way of More marketing than actual trading of saying hey, you should just risk 10 cents per trade You really should only risk 20 cents tops. Well, brother That doesn't fucking make sense because this might be line-to-line with a 93% win rate on Alex's watch list Why would you be cutting it 20 cent because you're scared of the money? Because you're scared of the money or you don't want your members to blow up like it's kind of more of a marketing thing So when we teach real trading of like hey guys this stock really should if it gets up there from seven to eight I mean the one time out of ten this blows through and keeps going nine times out of ten, bro This is gonna follow suit just like Alex's watch this said, you know Nancy confirm. We have it like well, I'll go back I'll go back 88 to 92% win rate are you Going to cut because you're looking at your your your P&L because if you're looking at your P&L You're gonna cut When you shouldn't be cutting because you're scared of the money. This is why in the beginning of this webinar I said there's two types of mindsets. I'm coming in with my process I'm ready to make fucking money if my lines hit or Man like I think I know what I'm doing, but it's hitting my lines like should I give it a little bit more odd? I'm already down 300 bucks, but I could be down 400 if it's the next like a Confident trader wants to be down that because he's in his plan. He's in his lines He's like dude I'm only down 300 bucks and I get to freaking double down at the line that I wanted to double down it or Add or do 30% above the lake whatever. I'm just giving you random examples of thought But there's traders who are confident and then the traders like I gotta cut this because I'm already 10 cents down Well, dude, what if it was already in your plan to be 10 cents down? Yeah, you should be getting excited because you're actually able to get more on So there's there's a couple ways to look at that, right? Craig on YouTube your loss is where you know your plan has failed not when you're drawn down which could be part of your plan I like that Craig. That's really well said. Yes Your loss is where your plan has failed if this would have ran today Up to seven to eight Alex would have shorted from seven eight a hundred percent And here's the thing because it's part of his plan and here's think if it would have ran at eight fifty He would have cut for a loss I can almost guarantee that especially eight sixty because that would have been over pre Previous high a day which always always always basically by just fucking Default judgment is a you cut because you can be screwed you can always throw it back on because here's the thing I'll just take these lines off if a stock runs guys to outer lines Say something like eight dollars say you even get in the eight say you waited eight to eight fifty You wanted the outermost line possible Say you started there and you started shorting at eight to eight fifty and you added a little bit and You know it didn't go as planned and it goes to eight sixty and you cut it for a loss And then what if it death candles right after that you can always get back in Dude, I see something like this or a massive tank candle a massive stuff after trying to break out and they fake out And clear all these orders out dude you bet your ass I'm gonna follow my original plan and get back in because I thought it would fail at outer lines But now I have confirmation so you can always get back in that's the thing makes sense It's more of like it's more of like a confidence shift in a mindset You know the people that are scared to follow their plan to risk money I'm sorry guys like I said the beginning of this of this webinar It's much harder to be a trader But the guides are like dude I got a plan man Guess what I'm willing to risk money because what okay, let me let me say it like this Do you think Alex goes in the market every day saying Man, I could lose four grand because that's that's typically like his loss right like if alex loses It's two to four grand, but his typical win is anywhere from like eight to 20 Do you think he goes into the market and says to himself? Oh, man, dude. I could lose four grand. He goes, dude I'm willing to risk four grand to make 20 see the mindset see the confidence in the way that's kind of executed just in verbal like Association man, I could lose four grand Dude, I'm totally willing to lose four grand to make 20 It's like it's like, what are you looking at the loss or the what you could benefit? And this is the glass half empty the glass half full kind of people man It's like there's people out there that dude There's people out there that are terrified of flying in airplanes And guess what they're thinking about the whole time crashing Then there's people that are in an airplane like dude, this is so much safer than a car. I'm scared of cars This is fucking great. Like it's just the mindset, bro This is what I'm trying to tell you price action is nothing. This is child's play. It's getting in those coconuts, which is so hard I'm trying to reprogram you guys to fucking think like winners, dude Yeah, I mean pulled out. Yes, it's much safer to fly in a plane But it's not even that because check this out. I used an example that's going to make you laugh I'm terrified of planes. I am not scared for one minute in cars and I've totaled three cars Dude going for a car ride Is my peace going in the air in an airplane is my fucking hell But guess what? That's just my thought process because I know the statistics on surviving in a plane versus a car Fuck I've almost died in cars three times in my life, dude. I've had some serious accidents But yeah, because I'm crazy, dude. I was stupid as a kid. I almost flipped the car drifting The point is the point is Is you got to curb your confidence where you're not confident and you got to look at it in a different way So now every time I get on a plane. I've helped myself over the years But now I go dude the statistics are so in my favor I try to psych myself up to get it get excited for a flight now And this is what you guys should do with price action. My outer line's coming man. Hell. Yeah I'm not gonna lose money. I'm risking money to make money Oh, dude, I mean, I'm talking 16 years old bro like a 2001 Honda Civic Nothing fun But but we went down a crazy hill at 50 miles an hour flipped the e-brake during a rainy day and Basically almost killed me and my best friend almost killed each other So I Fun times bro, but but the funny part is Is I really am such a good driver because I've been driving for so many years. It's always been my bliss And I've done crazy things in cars to learn what not to do that that it's my piece I'm never scared to get in my car And and it's just a mindset shift. So my confidence is there. So I know how to push it So I I guess it's just Again man again to be a trader sometimes you feel like you need Freud to understand your own brain But when you get past your own fears in your brain that's telling you why you're gonna lose in trading You're gonna get better as a trader It boils down to that simple thing. Alex doesn't say oh man, I could lose four grand a day He says of course. I'm gonna put four grand up to make fucking 20 or to make 700. That's the difference That's the difference and I'm as passionate as ever because I love talking about this stuff um Did I miss anything I may have I was writing for a while you would have already established your yes, you would already establish um Yep, exactly. What do you think about shorting each line with a tight stop? Oh, oh, that's a really good example Um, let me go back to that lgvn. So here's another psychology. No, sorry. Um, what was the stock that I k What the fuck hold on one sec I'm going I'm trying to go back to the alley. Oh k tta. That's right. Um Let let me answer this From a let me answer this almost with a question travers or zander. Who asked this who asked this hold on Xander asked this. Okay. This is a great question. Let me draw my lines again and show you guys real quick It's a psychology thing. I'm gonna show you guys something real quick seven 758 So m i c process and alex has watched us in the way we kind of do things We would kind of use all three lines, right because it should fail if you scale right and you should get a nice Um, you should get a really nice nail and bail out of this And if you do happen to get a death candle out of line, I mean then that's just bread and butter man Now you're just patting the wallet now. You're just like dude. I really only want a nail and bail But hey, thank god for this random home run, right? Okay Let me ask you a question. I'm going to answer this with a question If you used each line with a tight stop like I'm going to short it seven and risk 705 And then cut it do the same at 750 What do you think zander is going to happen your mindset by the time it hits where you wanted it to hit Truly at eight and you know, you've already taken two losses You're gonna be scared, aren't you? That's the difference. I am trying to get you guys to think like winners and not scared like hey I'm gonna make a little bit of money But I got to dodge and duck and dive and and and watch out for these exploding grenades and and and you know dodge warfare I want you guys excited for that not like i'm just trying to duck and dodge and hopefully scrape a little money out of this It's more of an aggressive mentality but more of a confident mentality of dude the three lines I'm prepped for that and look if you're not ready for three Start at 750 if Alex wants seven eight started 750 if you're not alex's confidence level yet Make sense But don't start at seven cut it start 750 cut it with the thought of you'll cut at each line hoping for eight Because by the time it gets to eight, dude, brother, you're not confident. I'm sorry There's no way because your mind is already told you loser once loser twice Oh, maybe the third time's a charm and if you do nail the third line You're gonna take the profit too quickly because you're gonna be a pansy Because you're like, okay. I'm right on this one. I gotta make the money back. I gotta make my money back Does that make sense? And exactly right Stan just said and xander I know you know this but it's good to have confirmations because you have been trading for a little while with us It is good to just talk about this stuff and reaffirm That's why we do these webinars every single week guys when you have a pre-plan of seven to eight Anything in that frame I'll draw another oval for you Anything in this level you're excited to add because you've already preemptively said I want anywhere in this area if you don't want anywhere in this area You need to wait for 750 to eight Or if you're very not, you know, not ready to scale yet You need to wait for eight to start to even start not even take the first one at seven My point is is when you have any type of shaded area, which is basically a scale zone I don't care how big you get excited at any point in that scale zone because you pre-planned it And if you are excited and you're scared you are not ready for the scale zone Not yet not yet and that's okay Did did did you guys lose me? Okay Did everybody hear me through that? I hope you guys heard me. Was it just David who lost me for a sec? Oh, okay, you guys heard me. Okay. I'm David. I think you just cut out for a second buddy but The point is man The point is is if that is a little bit too much room for you zander then use the upper half Of alex's watch list. That's that's what i'm trying to say if okay say alex wants 14 1450 to 15 use 14 75 to 15 if alex is saying six to 650 and that's too much for you 625 to 650 for you if this is too much brother 750 to 8 Use the top two thirds of his of his lines of his list if that's too much for you in the start That's that's my recommendation Everything everything everything comes back to confidence And I know you're confident and I know you're a confident trader brother, but but but you're trying to understand this a little bit more Right? I get that Remember man. We've been doing this so long man. There's there's many different ways to look at these type of Perspectives and I and I get that man, dude I've known traders from day one that were like dude all short seven to fucking nine and I'll be confident Look, I admire those people. I was never one of those guys I was one of those guys where you shorted seven cut shorted 750 cut and eight and guess what the only reason Why I don't want to talk about this is because I fucking failed And try to do line for line risking three and five cents. It doesn't work You just tell yourself you're a loser each time you cut I like to have a plan now like alex each day I like this level to this level anything in there. It's go time, baby I have programmed myself that anything within the shaded area or the scale zone I am going to bring confidence to anything else I cut And that's where the robotic nature comes in is hey, this is my plan. You know what anything above this I I don't even care zander if you have to set your orders Once you're in set a stop loss and walk away from your computer, dude There's a caveat to that though because I've done that I've done that before I used to do that a long long time ago I would short a stock and in the beginning I was so terribly nervous that I'd set a hard stop and I'd literally Leave I'd leave my desk There's a problem with this though Many times back in the past, especially when things didn't zombie like they did now You could walk away. I mean, I can't tell you bro. How many times I walked away I swear to god, dude Say these were my short entries because it would usually be something like this if it was three lines You know, I'd probably start in It would usually look like this brother. I would come back with an open-ended no cover and cover there Because I walked away. I didn't even leave it in the hands of my computer I said because there would be a hard stop right here a full out of market fucking hard stop out everything If like that would be the hard stop I left my computer, but like I said, there's a caveat Sometimes well most times nowadays because this is kind of a zombie market and the old markets don't exist anymore Now you'll get a nice flush And then it comes back So so in the past I wouldn't have that many losses or I would if I just use outer lines But nowadays you will because here's what would happen You short outer lines you scale and then you set a hard stuff you walk away brother. Here's what happens It drops all the way to here And then zombies back and you actually missed a very profitable trade and then your dumbass took a loss because you weren't at your computer I can do that happen to me. I had to readjust So There's so many different ways to look at this man, but what you guys should understand is everything I talked about today Process is still the same It's still the same It's outer lines. It's confirmations. It's trend It's still the same process. It's just how you want to execute your own confidence level There's some traders that can't even be at their desk and I get it man And guess what I know traders, bro Who are super profitable make a lot of money and can barely stand looking at price action being at their desk They got a shaky hand. They're not a brain surgeon like brian You know man, you find something that works for you. There's swing trading. There's long-term options strike prices There's you know being on the clock every second of the day Um bow loves the channel trades, you know, there's just many ways to skin a cat man in the market is very um Uh It's an ATM machine once you figure out your comfort zone That's that's probably the best way to say it the stock market's an ATM machine for everybody Only to the fuckers to figure out their confidence zone their their comfort zone though first Swing trading is not made for everybody. Dude. I'm down $20,000 right now. And one of my swing trades I'm pissed it went way lower than I expected, but I really really like this company I believe in it and I'm gonna hold for the long haul and I'm only risking about 30 But dude, I'm fucking down 20 grand or 22 grand in this goddamn. No not paypal No paypal no Um, but then there's ones that I'm totally up in so it balanced out right But but my point is is that would scare the living of course there That would scare the living hell out of some people But that doesn't scare me like long-term swings are like my brand But I barely look at it. I didn't piss me off a little bit But that would give a heart attack to some people and I'm talking about some people with money I'm talking about some dude. I know guys with millions in their account. They'd be like, I can't take fucking 20k on episode. I'm like, I can Fucking j I'm down a little bit in zoom right now on a different position a different account But I made a lot of money on zoom in the earlier part of the year But right now I am down on a swing on zoom a little bit I'm not at like the 400s man. No, no way. I got out those I made money on those old school plays me in favor just talking about this, bro The other day man. Oh my god me and favor literally just talking about the zoom days We did good in the beginning then took some losses on some swings down and now we're just small You just it's fucking zoom, bro Fucking zoom Yo, what's up steve? Okay guys, I've ranted for a while. Let me just get back to a couple questions because I think I missed a lot um A shit. I'm sorry, man. I'm I'm trying to get to every question. I promise Yeah, it's definitely a good way to go the problem I see was scaling is that if you have a 750 average and the stock is at eight And you need to nail and bail you are probably getting out for break even or you personally hold on xander Great dude. You're spot on with the question today, brother It is break even for a trader who is scared to scale properly Let me repeat It is break even by the time the stock tanks for a trader who is scared to scale properly When you know how to scale properly, you will not be break even by the time it tanks I'll let you sit with that. But that's the explanation for that Expectancy is all that matters scale or not final words for your personality kevin You just said a buddy are your entries to sit no and that is the answer to zander's question The answer is no Most of the time no sometimes yes, but only if it's two lines And I just and they're kind of close together and I want to do a double down effect So what we're talking about is something like this say say I just wanted 750 To eight Or no, I'm sorry. I'm like 770 This yes, I would do the same size Whatever 2k shares 2k shit whatever same size If they're spread out. Nope That's the answer to the question starter 800 shares add two maybe add four whatever I'm just giving you that man guys break this down to a trader with 100 shares or 200 shares You maybe you're starting out with 50 shares. I don't know what your size is. It doesn't matter Literally, I could care less. It doesn't matter. It's all in the pattern and how you execute But no when I'm scaling this if you scale properly That by the time it tanks and you get your quote unquote nail and bail it Dude, Vic just said it my man Steve Steve one of our moderators on on YouTube just said it my first entry is always a small tester Steve. You just nailed it I don't care if you want to throw 10 000 shares on k tta from seven to eight Maybe your first entry is only 1300 shares out of 10 You see the difference you see what I'm saying guys So by the time yes, yeah, it's called dipping toes and nice Steve. That's brilliantly said yes No, Miguel. It's not beyond me You guys are trying to guess this fucking stock Oh boy Uh, a follow up question Tony If you scale into a position and it goes towards outer lines Wouldn't your results be skewed towards full-size losers and no no, I see what you're saying here, buddy But no, you know why because Tony you might be kind of new but when you really study m i c process We're really methodical um in Anything over vwap brother is only 30 of our size. So let me just write it in here Did I just do the there we go m i c process equals Anything above vwap equals 30 size So you have to figure out What your usual full size is Alex taught me this a couple years ago and boy does it man me and james ran with it Alex Alex learned it literally from I think brett steenbarger only like three years ago He taught it to me and james man. Dude. I've never again Will I ever go full size above vwap even at outer lines bro? It's always I I do I will admit sometimes I do Break it and do like 40 percent, but it should and it's usually within this range though guys is 30 percent size 30 percent That's it See I did I would never touch that long. Are you kidding me? Um, no, it's it's a good company. It'll come back but This time it's different Until it isn't No, no, I I only long swing good companies guys. I don't swing. I don't long swing small caps I'd be out of my fucking mind. I don't know who can take and do that. I can't do that. It's a superpower, man um So tony to answer your question brother. It's it's at outer lines Anything above vwap is only 30 percent. This is how you get out of losing a shit ton of money on your losses Because when this tanks under vwap, then after your confirmation outer lines does death canal Whatever you're comfortable with that's when you can start throwing on the size that but only under vwap is where you can do the If you want to go 100 percent the other 70 percent brother. That's the key Oh winded I think I missed a lot of youtube questions. Holy shit. Um, you're lying Why is it better to scale three lines and if it hits only one line? Okay, hold on guys. Let me let me just read this again. I've been on youtube Why is it better to scale three lines and if it hits only one? Uh, sorry only only the first one. Oh, okay You will only win let's say one third of your size instead. Isn't it better to wait for the perfect line for your full size bullet? Well, you know to answer that um Ivan it's it's tricky, right? It's kind of a loaded question, right because it's like Dude many times this only hits seven Many times it only goes up to 750 and then sometimes it goes up to eight Maybe even 810. So it's very very hard To say where exactly it's going to go. You never know dude, bro Ivan if we knew that it was only going to go to 750 brother Not only would we short full fucking size? We would never have a 30 percent size. Well, like who knows dude It's hard. So trading is as much art as it is a science as bow has always said You have to really feel it out. So sometimes brother and and and this is I haven't even mentioned The fact that sometimes you just get a gut feeling that you're fucked So sometimes I can't tell you how many times man. I'll see three lines and I'm like, okay I'm actually kind of hit hard at the first line and then it really ramps up on volume Maybe you hear a certain pumpers behind it and you're like, dude I don't know where this like fear came out of but I'm just not feeling this stock and then you go really small 500 shares started you seriously 700 shares. I'm not kidding you and you're like, dude I originally wanted to throw a lot more. Nope. I'm just not feeling it. So you don't know This is say, you know and Again, the more lines you have but remember what I said earlier Ivan if you want to be a lot safer You can just wait for 750 to 8 It's just on the more aggressive side the more excited you are about it You know that it could very well fail at 7 because look at where all the resistance points are You know, I'm a big drawer of the of the of the resistance point. I hear it. Let's zoom in a little bit more Let's draw them out bro top top This could arguably be a top right there Top they're all right here. You see this and look how many are at the 7 To 750 area specifically to get 8 on this bro was actually a very big long shot if it ran Like that's almost just like alex is basically just saying 7 to 750 is really it I'll risk to 8 but I there's like I really don't think it'll make 8 and especially it topped out right here Right, like like that's why we gave 8 but dude. Look at this 7 like where the majority of the resistance points That's why you started at 7 you got to get some on That's the point is where is the majority of these ceilings these tops they're at 7 to 750 buddy That's the difference And who knows it could it could so easily be 7 to 8 10 it goes or it could be 7 to 7 15 That's why you scale I hope that was clear Uh, did you do how do you do all this with a 9 to 5 job seems time consuming? I guess it becomes the new job great question on youtube guys. This is something that's probably gonna help a lot of people I'll tell you how you do it jdg lex It is very Fucking hard, bro I worked two jobs for the first three years of my trading career while I woke up every single day I worked till night dude. I literally traded from Five in the morning like I do now back then I actually traded to the end of the day I was kind I was trying everything like channel trading like balance stuff And then I'd go to a job and then go to a night job as well in the like dude I'd go to bed at like two and I never slept I didn't sleep for fucking three years man So I feel you it's like I sympathize like it's so hard sometimes to do this with a normal job But over time you will realize that process is a lot simpler than when we first start out and try to figure out all hours of the day Now it's just literally dude once you learn process and get good at it All you need is really the first hour of the day to become a consistently profitable trader So I know that kind of sounds crazy to untrainers. It really does but every single day man It's really wake up and give yourself an hour before open And then all you need is really the first hour to really figure out how to make some money So that that's arguably two hours out of your day then go work as many jobs as you need But again at the end of the day the real argument is how bad do you want it? If this is something that you feel is for you and you can I mean because think about the benefits of being a trader, right? Let's think about the benefits. You really can do it wherever you are You can travel Technically all you need is a laptop. It's kind of a marketing ploy to say that The more screen real estate the better it's very hard to have a trading career just on a laptop But you can do it. I mean fuck dude bear has been doing it for years and steve steven trader It's like the more screen real estate the better But it's a job where all you need is a wi-fi connection a laptop a good broker and A couple hours a day man Once you learn process once you've committed so It's how bad you want it. That's the allure of trading and not to give you guys some sales for trading. That's not what I'm here to do I'm just trying to tell you that's what lured me to trading was I was like, dude I love computers. I'm kind of a tech guy. Like I love techy things. I'm not the most tech savvy guy in the world I barely have no how to fucking run a zoom link But but I like tech and I would love to learn how to do a career on the computer So then I learned trading and I was like god This is the most mobile career that anybody could ever have I could theoretically do this on my phone If I was just a swing trader, you know, not not a day trade You can't really day trade on a phone But if I was just a swing trader a hundred percent or strike prices I could just do options on my TD Ameritrade account on my freaking mobile device So how bad do you want the what this career offers and the benefits are Extraordinary once you get it. They're extraordinary. So Yeah, that's kind of what it is Steve what's up, buddy? See buddy Steve says I still work full time. I trade the first hour a day Um, and then he's got a role his wife is gonna kill Steve's wife is gonna kill him. See you Steve Oh boy, you're funny. Hey Steven. What's up, man? And this is the guy that I was just telling you about our travel trader, bro This is this is the guy that look at this guy Did I just tell you he's trading on a freaking laptop everywhere, bro? He's got that god dang pyramids behind him and he's making money man Steven you're a legend, bro. I love it. I love seeing the freedom, man Because at the end of the day guys what you're gonna realize about trading We don't like trading for the money like trading for the freedom You don't even like money for money. What the fuck is money? It's paper that can be burned It's free. It buys you freedom, man We're all just after not having to take orders and and work with people we hate or Do a job that we don't like and commute two hours to work. That's what we're all after man That's what we've been after. That's what we're trying to provide to you I said in the beginning of this webinar an extra 200 dollars a day can bring so many people freedom And that was our goal. You think we thought about when we first started m. I see hey Let's make a bunch of millionaires and then market millionaires. Have we ever once marketed a millionaire trader? I'm sure we've got them. I honestly like we don't even ask that question Like we don't give a fuck We just want you guys to be a happier with your life through the results of the teachings that have provided you I'm ranting again. You better stop me. I'm ranting Ultimately, it's all about trading our money for time versus trading our time for money. Correct. Very well said Guys freedom is all you want You know the cars the watches the blah blah blah the the the people that it could buy the friendship Sure, if if you're into that stuff do it No judgment man zero judgment man that stuff's fun But just know man when the toys give the more expensive the toys get the more response the responsibility the more headache dude I mean That's that's kind of like fucking you first were rich people problems kind of thing But but there's truth to that man I I dude I got millionaire friends man that sold their lamborghini sold their fucking Rolexes You know why? Because they said I thought I wanted all this shit and guess what man the upkeep the the people look at you all day They've got a judgment about you just because you roll up in a nice car to a business meeting with a nice watch They already feel like they know you and can comment. They didn't want it. They got rid of it, dude It's just at the end of the day man Do you live life on terms that you love and trading brings that for a lot of people because it brings freedom You're gonna be you're gonna be an addict to adrenaline man for the rest of your life, bro You ain't gonna be free of that. I don't care whether you're a good trader or a bad trader, bro This fucking game is adrenaline, bro I've been on adrenaline for eight god dang years and i'm still on adrenaline because I give webinars I get passionate and i'm hyped up on caffeine, but you're gonna be an adrenaline junkie I'm sorry to say you're gonna be a slave to it, dude Oh boy, man. You guys are fun With the job you sell your time with this you have time to share value to it. Yeah Yeah, hell, yeah hell, yeah, man Okay, uh hazy Is it is it good to trade before 7 30 a.m. Office hours starts early for me Um, I'm assuming you're not on the west coast brother where 7 30 is pretty much Zombie hour for us. I'm assuming you're probably talking about east coast time and that's trading dude That's so sick and you're talking more of trading in pre-market There's not exactly a serious edge with that and I don't recommend it people have made it work But I it's very rare that people make that work is a full process What I would recommend brother is looking into swing trading that we teach and or options trading because you get longer time frames So if you guys legitimately i'm not kidding if you legitimately have kids have a wife Have a husband have three jobs that you can barely commit trading to Learn long time frames of how to make money in the market And you're gonna learn that with our options course long term strike prices and or just a general swing trading Yeah, yeah a swing trading is fucking awesome. I love swing trading because You don't have to be glued to locates. You're a broker. Etc. Etc some days, man Some days, I don't even crack my computer open for small caps If I see that the big cap market is extremely volatile I'll just do on some swings because if i'm too tired to wake up or i'm not feeling it A dude some days. I literally switch hit like a batter and baseball. I'm like, you know what dude? I'm going lefty today. I'm too fucking tired. I feel drunk from the night before even though I don't drink but you know that that kind of hung over feeling whether you drink or not You're just exhausted. Maybe you've been with a lady. Maybe you were outlet. I call you. I don't judge But Exactly stan. There are days where sometimes you want to just day trade There's days where dude, I don't even want to wake up and I just want to do a swing trader too if I see a if I see a Price target. I really like on a big cap. Um, like paypal or something like that There's a whole another thing to be said for zoom right now, man Is this a good company on sale or just a piece of shit going down like the hindenburg, baby? I don't know but this fucking stock This has given me and fey nightmares Oh my god, I'm down a little bit on zoom right now. I got a little bit I got a little bit but just because I I actually do like zoom and it's so Obviously slaughtered that I have a little bit, but it's more of like it's not a size player, bro Not something I'd recommend zoom has proven. It's a piece of dookie Um, is it a good idea to swing low cap shits? And uh, I've been it's You know what man talk to stan and fey about that or tay it's If you have a strategy that can make it work sure But you better have your stops in a lot sooner than something I'd have stops in on something like paypal or zoom It real companies man real. Yeah, just like stan just said real companies I I I never swing a small cap A never will I just I used to swing short But again Four years ago. We didn't get the zombie backs that we do. I cannot tell you how many times I would swing I would swing short something like this like dude. I'm not even kidding you If this was like the clothes like the market clothes I would swing short this in the next day I'd wake up to a gap down of four dollars and I'd be up like Hey, I just started the day with two thousand bucks or I started the day with freaking 800 bucks whatever I started day with like a I swing shorted small caps overnight paid whatever the you know the the rape locate these were And I made some money to start the day and it was cool and then we could start a new trading day But those days don't exist anymore, man. So I don't I haven't swung short in years Bow actually was the one that talk like talked me out of that many years He was like dude two years ago. He's like bro. I used to do this all the time Dude, you just can't fucking do it anymore. I'm like, you know what man? You're right You are right because You just can't man because say say this was your swing short, dude Like this was your swing short at night and then you would just wake up to something like at 45 And you're like, dude, I was shorting even just that think about that, bro Think about a thousand shares on the stock with this kind of range You shorted 30 say you wake up to 40 dude Really, it's not worth it 100 shares lose you wake up a thousand dollars down. It's not worth it There are long strategies now based around squeezing swing shorts. Yep, definitely Algos have learned big money's learned the markets have changed and look I don't ever want a swing short anymore because of one thing. I'm gonna show you it. I'm gonna google it, you know The birth of robin hood, bro Everybody and their mother Has the ability to think investing is simple because this platform right here has made it so Simple this is not even a tear down on them, bro If anything there's a fucking compliment This is what their charts look like they have simplified the ease and workflow and making it so the average 17 18 year old 19 year old 24 year old your grandma 84 can invest and own shares like with a click of one button It's as clear as it gets bro Like you open up a teeny ameritrade account. It's kind of hard to use in the beginning You know what the fuck's going on open up e-trade. That's a nightmare Um fidelity things. I don't know dust mobile is a nightmare, bro It's like you will never figure that out on day one You open up a robin hood account your grandma will know how to be a trader on robin hood by the end of the day That has added so much volume to the markets and so many pumpers exist these days that to swing short small caps overnight You're out of your mind in my opinion the days don't exist anymore where you could do that Unless there is always a second opinion or a debate unless you are like a couple of Very respected traders on twitter I'm not going to mention names that are comfortable being down 700 grand because they're trying to make two million I used to trade with those guys. I used to be in the same room as those guys I used to be in a room of 17 people and one of them was a guy who would literally risk like 70 thousand dollars a trade And make like 10 million a year I like I'm just saying but unless you're that guy who's like look, I'll short it five I'll double down at 10 and I'll marry it at 15 because the companies fundamentals are terrible You can't be an active day trader going line in line and doing that. You just can't It's just the realistic man. I've seen it all man. I've been in this industry for too long I know the the changing markets. This is the shit that happens man You get zombies and squeezes all the time now and you've got to be careful of this Yep, oh i'm winded So no, I've just did a bottleneck that and kind of answer your question brother is I don't believe in swing especially small cap short selling swing trade There are examples if you get a really good price on a long You like and I mean like the beginning of something like say this I'll give you this I will give you this Say you got a long right here on something like Lgb and yes or two days ago, right And you get along at 8 30 You know what dude if you see this go to 20 And you still haven't taken profits Yeah, fuck it dude set a stop at eight break even maybe one dollar loss and then just see what happens I will give you the long side I'll give it to you But the only way I'd want anybody to swing and you got to still know the risks if you have such an unbelievable Average that by the time the day closes and you swing you are so in the money That even a gap down the next day will you'll still be in the money I will give you that but you also have to know that if you are getting involved in something that You know how sec filings work. You know how dilution works You know an active shelf if they have one and number four bingo bingo bongo You know where the fuck a t12 hall is because if a t12 tuzz come around Your money not only could be locked up for months or even years no matter if you're in the money or not You got to know the risks. So I will say I would much rather have people do a swing trade on the long only If they're super in the money and they are okay with the risks But small small caps swing shorting an everyday retail trader on the short side Dude, you you're gonna shit your pants daily You might wake up needing a defibrillator In my two years at m. I see I don't no no you haven't kyle you haven't because we don't do that anymore We used to all the time bro. I would lid to Oh my god, you guys don't understand bro before m. I see what is created me and alex had a room together But just as a friend's room like we had like 15 people in it I would literally shoot we like it wasn't paid or anything It was just like just a bunch of kids run around like like just good traders just shooting the shit with each other And I would say to alex alex. What are we swing shorting overnight? He'd be like, dude I have a hundred grand at this small cap short. I'd be like, all right. All right. I'll throw five on Dude, we used to be animals on swing short. We never like never anymore never Process does not allow it anymore. You have to adapt or you're gonna be a dinosaur And you're gonna die If we don't do it anymore and we used to do it. Well, dude, I used to swing short twice a week I'd wake up overnight to money or I'd wake up down a little bit. I cut it But the zombies dude, it's not a living dead these days, bro I Hope that's clear. I hope that's clear Is it possible to get the pivot point? I have no idea. Tony. I have bro. I have no idea I can't answer. I have no idea I hope so for your sake You could just download td, man If I can do download td, even if you only put five dollars in the account I love these charts, bro. Look at these charts, man Guys, if you can, oh, canadian man. I'm sorry. I know I sympathize bro. I really fucking do See if you have a us friend again No, I'm kidding. Um Yeah, I just man. I just I'll never get around how awesome td ameritory charts are it's why I've still been used them for for these um For four years for you guys still in these webinars is I've never stopped using them for charting and educating Yeah Man, we went through a lot of stuff today. Didn't we damn I didn't even realize There's a lot to talk about today Oh nice nice nice awesome. Joe Kelly's the man, dude. I'm telling you Yep, tos that's how you do it and then um I think k said that you guys can on trading view k if that's a confirmation of that. Thank you for that Um, definitely use your resources guys. I'm sure some members Any member in here is going to show you how to do something because they're probably utilizing it themselves Wow, man. Look at this is crack week, bro. This is why I'm not shorting this week Only swing longs It's all I care about this week. I I don't want to get caught in any of this It's just gonna break the previous high a day two days ago. This is insane the After-hour time for God's sakes. I'd expect nothing less on this week Guys any closing questions real quick before we wrap this up I feel you Now that I can condone because I know you're just trying to satisfy your phone. Well, so that's hysterical, bro But I totally I hey, you can buy yourself a star bunch, bro You can buy yourself a freaking latte now Um, that is a whole other story guys is if you just cannot control your promo because you're just one of those people I get it. I've been there. You throw a sharing, right? Sharon because you're like, dude, I can't control my say if I don't throw in one sharing I'm throwing a thousand in and now I'm gonna take a big loss if you have to satisfy your addiction, man I get it. I've been there, dude Even alex does it these days. It's so funny when because alex is the size thrower of all three of us In fact, probably the biggest size thrower of m. I see and especially the teams and the mods definitely And it's so funny to me, dude When I when I'm like alex, how many shares did he throw in that story? He'll even say it too because he just wanted to dip his toes in and satisfy the phone Well, he'll go on pretty market like 50 shares. I'm like, didn't you miss a couple zeros or like three zeros? He's like, no, dude. Just dipping my toes in to cure the phone. Oh, man Oh, shit Thanks, man. I really appreciate I used to be an m. I see member but I wanted to time now a day trade And was wondering whether I could swing trade short. But yes, these zombies Yeah, exactly Ivan and if you ever want to come back man, just just text me, bro We'll get you back in But I feel you man having the time to do trading sometimes is a hurdle So that's why we try to cater to everybody and everybody's play styles of swing trading and you know long-term Expiration, you know strike prices things like that Hell, yeah All right, guys. I'm so winded man. I kind of got a headache I'm gonna go take an Advil and Paulie taking that so Just really quick guys. We literally have like three spots left for the 50 off and then we are taking that off Tonight, so hopefully they fill up. Yeah, probably immediately after this webinar, but Just here to help man. Just here to help. Hopefully you guys enjoyed this Enjoy your thanksgivings. You gotta take a break from charts man. Go be with your fucking family, bro I don't do it. I don't care if you live alone. Spend it with your dog man Take a day away from charts. Go give it to the people you love We love you guys here at M. I. C. We're always going to be here for you Excited for next week. Hopefully bow is um bow's son was in town, which he doesn't see his son too much So um, that's why he's not here today, but he had a last day with his son in Where he lives, so you know that he'll be back probably next week and and we'll do this man Exactly guys. All right, man. Enjoy your weekends. Enjoy your holidays and we'll see you guys back then And remember it's a half day on Friday and I won't be expecting much from that See you guys. Catch you later, man