 What's up guys, today is Monday, April 13th. Gonna do a recap today. For those that don't know, I usually do a video watch list every Monday publicly for everyone on YouTube. So if you haven't seen this video, go back and check the watch list video that I made. Today is actually a really kind of crazy tough day. So let me give you guys some backstory, right? Let me give you guys some backstory. Number one is Friday, the stock market was closed for good Friday. So as traders, having a day off is necessary, but in this case, we had a day off and we've been in quarantine. So I don't know about you guys, but for me, trading is kind of the only thing that's keeping me mentally sane right now. Can't leave the house, can't really do anything, getting bored and starting to go crazy, but trading is the only thing that's kind of keeping me normal. Friday there was no trading, so it kind of felt like a Saturday. Saturday obviously markets closed and then Sunday. So coming into today, I already knew, I already knew that every single person was gonna have FOMO. I knew that everyone was gonna be over eager to short, over eager to trade. People were gonna be, they're gonna be too trigger happy. So I recognized this and I was preaching to the members all day, all day, stay safe, stay safe, no pre-market, no pre-market, no pre-market. And I fell into the same traps that I was warning again. So some more backstory is I've been on a really good run lately, I've been green every single day for like a month. Last month I cleared about 160 grand. So my mental confidence is at an all-time high. What ends up happening usually is after you are on a hot run, you get sloppy. You start to let things squeeze further than they, further than they should because you're up on the month or up on the week or whatever it is. So I found myself being up a lot of money last month. I found myself being green every single day for a month. So mentally, subconsciously, I don't wanna take a red day. I don't wanna ruin my streak as stupid as it sounds, right? So coming into today, I basically knew that FOMO was gonna be an issue. I waited, I waited, I waited. And then when the market opened, it's like someone turned an off switch in my brain and everything just went downhill, right? Everything went downhill. I started shorting PSTI too early. I started shorting ICD too early. I started shorting works too early. Every single stock that I made a plan for, every single stock that I set out of lines and fantasy orders to, had I just waited for my fantasy orders to hit and had I just been patient, I would have made money. Instead, I got so much FOMO when the market opened that I started spraying shit everywhere, right? I started spraying size everywhere. Normally, when I would scale in maybe three or four times per trade, I went all in on one trade, not all in as an account wise, all in size wise, one shot, one kill. And these are mistakes that newer traders make, right? These are mistakes that I shouldn't be making at this level. But it just goes to show, man, that if you are not mentally stable, you will fall into the same traps over and over and over and over again. Because we had Friday off and because we've been in this quarantine, I've been so bored. All I wanna do is work, man. All I wanna do is get back to the desk and trade and work and work and work. I got what I wanted. The market opened and I found myself working fucking five times as hard as everything because I had to find ways to get out of these positions for losses, right? So today on ICD, it felt like a loaf hanging fruit to me. The stock went from $12 to $5 and then bounced up to $7. And I said to myself, there's no shot this thing is bouncing. There's no shots to doing this. Goes all the way up to $11 and I see myself down on the day. So let me explain the progression of my P&L today. So that you guys kind of understand what the hell I was going through. So I started the day in the morning down $4,000 instantly. The market opened five minutes later. I was down 4,000. I was shorting the lows. I was chasing these stocks. I was not nail and bailing. I was going for home run trades. I don't know what the hell went wrong in my head. And it was just one of these days where just like, I lost my mojo for the day, right? I lost my mojo for the day. There's gonna be days in trading where you're in the matrix and there's gonna be days in trading where someone stole your mojo. Today was one of those days that I just didn't have, right? I was just off my A game. I was just not feeling it today. I was emotional. The long weekend screwed my head up and I was just not thinking correctly. So here I am finding myself down $4,000 on the day. Just for reference guys, my max loss on the day is $10,000. If I lose $10,000 on the day, I'm automatically stopping out and walking away no matter what. So I was very close to that today. But I had to do guys, what I had to do to reclaim mental confidence was I basically told myself, look, I am down on this one trade which led to me losing on this next trade, which led to me losing on this next trade. You know what? I'm gonna exit out of all of it. I'm gonna go cash. Fuck it. I'm gonna eat all my losses. I'm gonna go cash, right? So at that point, I ate about an $8,000 loss on total of ICD works. It was ICD and works that I lost about $8,000 total on. So at that point I'm down 8K and I'm saying to myself, all right, you're cashed out. Pretend like you didn't have this loss. What would you have done if you didn't have this loss? So I basically started trading as if I didn't have that loss waiting for the stocks to top out, shorting the balances, nail and bailing, not looking for home run trades going in and out, in and out my bread and butter, what I usually do. I ended up working out of my loss. So now I'm only down like $25, $2600 on the day, which is a win for me, right? Which is a win for me because usually I make about two or three grand a day. So if I'm losing less than a day's work, that's okay with me. I was still under my max loss on the day which was also okay with me. But today's lessons go back to the same thing, guys. It's as traders, it doesn't matter if you've been trading for a day or a decade, we all struggle with FOMO, right? We all struggle with FOMO. Today, I didn't have FOMO pre-market, I had it at the open, right? So I was warning and warning and warning pre-market which helped me stay safe. But when the market opened, it was just like, shit, all of these tank so much, all of these tanks so much, I just gotta get back in, I just gotta get back in. And honestly, it wasn't until I exited for a loss that I started to think clearly. So again, it always goes back to the same lesson, guys. The same lesson that Brett taught me is if you are stressed in your trading, use that as a trigger to walk away. Today, I was so stressed trading all this shit, man. But instead of using it as a trigger to walk away, I used it as a trigger to convince myself to stay in these trades. I felt stupid, guys. If I was in the moment and feeling stupid, I felt like, hey, man, I was up a month in a row. I was up six figures last month. I could let it go against me. I could play the cushion game. I could do that. But I had my max loss in, I had my max loss in place. Had I not had a max size rule, I would have probably been even bigger on these dips. So having these rules, guys, is what kind of saved me and prevented me from blowing up, right? Losing a bunch of money. So my tips to combat FOMO are very simple, right? So pre-market is easier to combat FOMO, in my opinion. What I like to do is I like to do the dishes. I like to do my laundry. I like to clean up around the house. I like to do these things so that they keep me distracted because the longer I stay in front of the computer screen, the more chances I have of getting FOMO and over-trading. So today's lesson on something like Works and ICD was shit, man, these stocks reclaimed very, very well. There's a setup that we teach in MIC called the VWAP Reclaim. And all of these setups did the VWAP Reclaim. So today was kind of a, there's no way to sugarcoat it, guys. I mean, it's just a tough day. In the stock market, again, like I said, there's gonna be days where you're in there, in and out, in and out, and you're feeling it, and there's gonna be certain days that you're not feeling it, right? And that's why we always say that your process always starts the day before. If you find yourself stressed the day before, if you find yourself struggling, if you find yourself not getting any sleep, chances are you should take the day off. Today, my problem was I was so excited to get to work today after a long weekend. I was like, damn, I had to Friday off, Saturday off, Sunday off that, I need to just kind of get back to it. So let me kind of talk about what I did wrong and how I'm gonna fix it in the morning, right? So I always have specific rules to keep myself safe on the front side of the move. These rules include stuff like the 30% rule, which means that if a stock is above VWAP, right? I am only allowed to use 30% of my size. As the stock breaks VWAP and confirms, I will add the 70% rest of my size. What I'm gonna do, what I did wrong today is I just went all in on my size on one bullet. I went one shot, one kill, which I never do because it's impossible to make money like this. So losing days, even though they suck guys, like it doesn't matter if you have a million dollars in your bank account and you lose $10, losing days suck. I am a prideful person. I don't like to lose, but when I lose, I want to have lessons around it. I want to create a process around it. I want to just get my confidence back. So the way to kind of rebound after a losing day as well is very important. So let's kind of give me a sec. Let me just see what these stocks are kind of doing. Let me kind of explain to you guys what I like to do after losing days. That helps me with my process. So number one is after a losing day, your goal the next day, no matter what, is to just be green and stick to your process, right? I want to be green $1 tomorrow, right? And that's not because I think $1 is gonna make back my losses. It's because as traders, this is a game based on confidence as well. If you are not confident in yourself, if you are not confident in these setups, if you are not confident in these lines, you will screw up. So today I had so much formal that tomorrow what I'm gonna do is I'm gonna size down, right? I'm gonna size down just to kind of control my emotions to feel like I don't have to make back the loss. I am also going to wait for my setups to confirm tomorrow. I am going to stick to the same process that has been paying me for a month straight. Notice that today I deviated from the process. Notice that today I sized in too early. I went for home run trades. I did not nail and bail. I traded past zombie hour. I broke every single rule in my process rule book and I lost because of it. And this is great because it just reinforces the same thing which is stick to your process and you will be rewarded. Today I deviated from my process because of FOMO and I was not rewarded. So tomorrow I know that I have to show up, walk away green even if it's small because now I'm building back the confidence. Now I'm doubting myself. I had a losing day. I feel like I don't know what I'm doing. I feel like I'm confused. I feel like I'm lost. But I know that that feeling is gonna escape the moment that I have a small green day tomorrow. So your goal after a losing day is to just have a small green day the next day by following the process. I know that the process works guys. I know that if I stick to the 30% rule, if I stick to the max loss, max size, hard stops, nail and bail, no home run trades that I will be rewarded. Today when I deviated I lost and I deserved it. And although I was down $8,000 at one point and I walked away minus 2,700, I feel good about this loss because it's still minimal. But I have so much more room to improve. The point of this guys is to understand that it doesn't matter what type of level you're at or what type of trader you're at, whether you're me trading for six years or bow trading for 20 years, you're gonna feel FOMO. But what are you gonna do to combat these things? What are you gonna do to prevent yourself from making the same mistakes again? And today was a really good lesson for me guys because it always reinforces the same thing. After a hot streak, after making a bunch of money, you get sloppy, right? Thankfully I've been withdrawing the money every single week so I don't have a big cushion in my trading account. But it always goes back to the same thing guys. You could be green for a month, you could be green for a year, you could make six figures last month, but all it takes is one day to get sloppy. Me, who prides himself on being disciplined as fuck, I got sloppy fucking today, man. It all took was one day to get sloppy, to screw up my mojo. So guys, it always goes back to the same thing. FOMO is real, FOMO is hard to combat. Having a tab helps you. Having bow and tash slap my fucking face and get me back to reality was helpful. Having a max sizing rule to not get in way too big and keep ad-ad-adding to a loser kept me safe. I have these certain risk parameters that we talk about every single day to keep me safe from when my brain goes drunk because I have no idea what I'm gonna go crazy guys. I have no clue when the off switch is gonna go off in my head. And it's really weird because I couldn't control myself. I don't know what the hell happened, man. I don't know what happened. It's like, I walked into my office, someone turned off the off switch in my brain and everything just went to shit. It was like I was trading for one day. Like it was my first day trading. So these are common mistakes guys but having risk guardrails to keep you safe is what kept me safe today. So that's kind of the lesson that I want to talk about today guys. I know there's a common problem that a lot of people deal with but remember this guys, it doesn't matter if you make 160 grand last month. It doesn't matter if you're green every day. You will be losing in trading. There's gonna be certain days that you lose money and trade it. But on those losing days, are they controlled? On those losing days, are you only losing a day's worth of work? Any day that I lose less than my max loss or less than a day's worth of work, I am happy. Today I only lost less than three grand which makes me happy because I know that I will be able to make that back tomorrow, right? I don't care if I make back my loss tomorrow. I don't care if I make it back next month. All I know is that tomorrow my goal is to be green. If it's $1, so be it. If it's $1,000, so be it. But I will only be green if I stick to my process. Today, I deviated. And you guys can see that I deviated and this is what happens. It doesn't matter what level you are. If you deviate for one fucking day, one day, that's all it takes. And today I lost control of my body. I lost control of everything. I only have myself to blame about it. And because I had risk rules in place, it kept me safe and kept me mentally stable and be able to attack tomorrow. Does that make sense, guys? Wow, fucking WRX is bouncing big. It's all making sense, guys. A couple of things I wanna make note of is that if you are new to trading or curious about trading or questions about MIC or the stock market, you could text us at 213-458-5997. This is Tosh. He's gonna actually answer the phone for you. It's not a robot. It's not an algo. So I forgot to mention that in the morning. But if you have any questions, just text us. Do you guys wanna open this up to Q&A now? I really wanna watch this WRX. But yeah, guys, do you see what happens when you deviate from the process? It doesn't matter if you deviate for even a couple hours because all it takes is one lapse of judgment to really screw up your mentality. And if I didn't have these risk rules in place, maybe I would have been down 10 or 15 or 20K today. All right, so let's open up why they're not considered CANF. CANF was actually on my watch list this morning. It was the easiest trade of the day, but I did not have borrows on it. Where did I deviate today? I mean, if you just watched earlier in the video, you could have heard that I was shorting with size too early. I was looking for home run trades. I was over holding. I was over eager and I had FOMO on a lot of shit. Yeah, so I'm done trading today, guys. I'm just walking away with my loss. It sucks, but like, hey man, as traders, as real traders, we fucking lose money, man. What's my method for finding stocks? I look at the top percentage gainers on the day. I don't pay for a scanner. I've not used a scanner in six years. Don't pay for a scanner. Losing days suck, guys, losing days suck. I don't care how much money you have in the bank. Like, I'm gonna be upset for the rest of the day and I'm gonna get over it tomorrow. I'm gonna be green tomorrow. I'm back to process. Now I'm excited to build a new streak, right? It's, streaks don't matter, guys. It doesn't matter if you're green for a month or green for a year. At the end of the day, are you following your process? That's what really matters. Question for you guys is, what is stopping you from joining MIC? What is the thing that's kind of holding you back? A lot of people, what they say is, after they make money, they'll join, but the truth of the matter is you won't make money until you actually learn how to trade in the stock market. So what is preventing you guys from joining while I kind of scroll back and look at these questions? My thoughts on afternoon trading is if you are past, if it's past 10.30 a.m., longs are in control. So if you are a long-bias trader, you should start to go long after 10.30 a.m. on stocks that held BWAP and that have rotated their float. Any questions, guys? Is all this stuff making sense to you? If it's making sense, like leave a like on the video here. I see the counter go up, but I'm just trying to kind of answer some common things that I know that I struggle with and every single trader struggles with FOMO, guys. As you can see, all it takes is one fucking day, man. I got sloppy for one day. I am disciplined every single day, man. Every single day I'm being disciplined, but shit, man. One day I lost discipline today and thank God my loss was small. Thank God it was managed, but shit, man. Do you guys see how important it is to be mentally sharp in trading? In trading, we are athletes. I'm not physically fit, but you better believe that I'm trying to be mentally fit every single day. It's a tough day, man. Tough days are part of trading. Don't get upset, don't get discouraged. If you lost money, you either learn or you lose. So use this as a way to learn, guys. If you wanna join, hit up Tosh at 213-458-5997 and he'll help you get started. Yeah, man, I had so much FOMO today, I decided to take off. Enrique, that's awesome, man. At least you recognized that you had FOMO and walked away. Kyle, if you go on Twitter, you could see my specs from my computer. Let me see what these stocks are doing. But yeah, guys. I mean, every single day I'm just trying to show up and not lose money. Today I'm frustrated. Today I'm upset. Today I feel like a loser. But I know that the process has yielded so much for me. I know that the process works. If I just stick to it, I make money every day. You guys can see I strayed away from it today and I lost money. So it all goes to the same thing. The process works, guys. But are you disciplined enough to stick to it? Any other questions, guys? Was this video helpful? Or what other topics do you guys want help with? What can I do to help you guys, man? Again, when I help you guys, it helps me. The more that I reinforce these things to you guys, it helps me as well. Having a max loss, exactly, James. This is what happens, man. I have a max loss on a day and max risk on the day and I stick to it. If anyone says the word Forex, I'm gonna kill you. Small account recommendation, I like Venom Trading. But yeah, guys, welcome to trading. Welcome to trading. We're not gonna make money every day. We're not gonna make money every day. But you better believe that when we do lose, we lose small compared to our winners and that's gonna keep us in the game long term, guys. These are lessons that took me thousands and thousands and thousands of dollars to learn. And even at this point, six years in, all it takes is one slip up. You guys can see, I don't make money every day. Today I lost money. But long term, if I keep my losses in check, maybe I'll have another six-figure month. I think I'm gonna wrap it up there, guys. I have so many PMs that I have to get to. So if you have any questions, hit me up on Instagram, hit me up on Twitter. Text Tosh, if you wanna join MIC or have any questions about trading, I'm gonna get back. I am going to cut my buying power of day. I'm just going to wait, sit down, and if one thing sticks with you guys, if it's just one thing that sticks with you guys towards this video, it's that I deviate my process and I lost money. If I stick to my process, I make money. So this just reinforces in my head that the system we have works. It's me, the operator that fucked it up today. So I'll be back tomorrow. My goal is to just be green $1 tomorrow and I'm excited to see what's gonna happen. So thanks, guys. Appreciate you guys all showing up. Sucks to be a loser today, but welcome to trading. Thanks, guys.