 it. So a couple things, a couple house cleaning things that I want to talk about is number one, we've got a lot of great response from the free two-hour course that we're offering. So again if you don't already know about that at my investingclub.co.co we are offering a free two-hour webinar course for non-members. And the way that it's going to work is you have to reserve your spot, you have to register because there's limited seating every single week. Right? So we have a set number of people that we allow into the webinar every single week and the only way to get access is to register. And if you register and you're not going to make it to the webinar please cancel it so that you could give your spot to someone else that needs it. We've been getting a lot a lot of positive feedback from people who've seen the webinar. And as a bonus if you watch the whole webinar you will get access to a free 10-hour mini course but you have to watch till the very end. So that's at myinvestingclub.co. Number two is in the description of this video when I posted on to YouTube after it's done being live there's going to be a link to register to the San Jose Meetup. And the San Jose Meetup is going to be really cool because Bao's first student who made one million dollars on Fannie Mae and who's made eight million dollars overall who lives in the Turks and Caicos is coming to San Jose to visit and help us with the Meetup. So I'll be there, Bao's friend David will be there and this is you know a perfect opportunity for you to come network and hang out with a bunch of fucking millionaire traders. The one thing is that the event is free but there's a $20 ticket fee and that ticket fee gives you two drinks at the bar and this is kind of just to help the venue. So we don't get any percentage of the ticket we don't do any of that plus you're going to drink there anyway and fucking vodka rentables 15 bucks so you're getting two drinks. Let me see if there's anything else that I have to talk about. People are saying that YouTube live is not working. Can you guys see me? Just give me like a thumbs up or something if you can see me. I can see you. I can see you. Okay cool that's fine. All right so San Jose Meetup is going to be really really fun. I've actually never met David because David has been living in the Turks and Caicos so it's going to be a great opportunity to meet someone like that because the truth of the matter is I know that Bao only surrounds himself with the best people in the world that are fucking smart as shit and to make eight million dollars in four years you got to be smart as shit so again the link is going to be in the description for the webinar and for the meetup so there's limited space for both of them and that's not just a bullshit fucking marketing there's actually limited space. Next thing is that let me walk you through my process for today so if you're new and you haven't seen any of these videos before the way it works is I like to walk you through my thought process for the day I like to walk you through how I was trading on the day what I was thinking and kind of how I was reacting so number one is I always start with a day before the day before I made thousand dollars low stress that was good but last night I was invited to a wine tasting event so I've never been to a wine tasting event I don't know what the hell that's all about one of my friends told me to come and they said that you know you're gonna go you're gonna get drunk and you're gonna have a great time and I said I'm not doing anything better on a Tuesday night so fuck it let's go so I went to this wine tasting event it was five different glasses of wine by the third glass I was drunk on the fifth glass I was blacked out so here I am blacked out I came back home at midnight and I told myself I'm not gonna fucking trade today I told myself I'm gonna take a day off I'm gonna relax I'm just gonna let the hangover do its thing and I'll trade the next day I don't need the money I just want to do it woke up this morning at five in the morning with a pounding headache wine hangovers are the worst ones for me they're fucking brutal but if you know anything about trading and traders uh working for us makes us feel better we love fucking trading so much that even if we're fucking dead sick or dead hungover we trade because we love it we trade because it makes us happy we trade because if we have a profitable day that'll be better than any fucking title or any Advil that we have right so coming into this morning I was hungover I was in feeling good but I was like shit if I just make some money today I'll probably be feeling a lot better so my goal today was to just show up and if there was an opportunity I would trade it if there was not an opportunity I would go to sleep so the low hanging fruit of the day it was really kind of moving there was really nothing happening so I was like kind of a little bit excited to go back to bed and then uh what ended up happening is SPI popped up on the radar this is a company that I've traded in the past this is a company that I understand the price section of it and this is a company that I know is mostly a scam so in the morning I got three locates from cobra because I was one of the first ones that requested it um so I got it for free so I didn't even pay ship for those locates which is number one is a great thing so what I looked at in the morning was the four dollar and 14 line if you go back to the daily chart I think it was from January February March April May I think it was from May if you go back to the daily chart from May you can see that there is a resistance level at 414 so when it was at three bucks I was mentioning to the guys in the room that I'm looking at the four dollar line and I want to see how it reacts there so fast forward to the morning it pushes to four and it rejects right it rejects very hard at four so not only is the technical analysis lining up everything else is lining up so for me personally I don't like to trade pre-market I do not like to trade pre-market because I feel so much FOMO when I do it right so what I try to do to combat that FOMO is if my max size is 10 000 shares let's say I'll use only 1 000 shares max size a tenth of my size pre-market that way I eliminate the FOMO out of my system I get to get a good trade out if my plan is right and it gives me the confidence that I understand the price action of this stock now so in the morning when it broke four dollars it went down to like fucking 360 I think it was I don't have a charger in front of me and then it bounced to 380 so I took a starter position at 380 right risking four dollars because the top has already been set and then I covered at 340 350 something like that 340 350 so I made you know 30 cents a share on a couple thousand shares and I started my day up 300 400 bucks which is great that gave me the confidence but the best part of that trade was that I waited until it topped out and then I shorted so that's number one number two is when the market opened I saved it again what's the price at when the market opened today there was a chat room that pumped it up and that chat room that pumped it up got a lot of people stuck so the stock dumped the stock dumped right at the open and what I was waiting for was a rebound towards VWAP or a fail towards VWAP to reshor and again while I'm talking about this stuff you should have a chart up to see what I was thinking in that moment right so I'm going to give it a second for people to pull up a chart and we'll get there in a second also if you like what I'm talking about leave a like on the video because I see it going up which makes me know that I'm talking about the right things and you know we're all interested in the same things and everything's going well so leave a like on the video if I am talking about something that's actually relevant and making sense to you so now that you guys have a chart up if you look at the first minute of SPI and again this is all for my memory I don't really have a chart so bear with me if I'm a little bit sketchy with exactly where it is in the morning when it dumped it pushed towards 370 which was VWAP and failed so that's the area that I want to short I want to short that fail risking a four dollar line in the morning so I took a piece and as it started to go lower I added to my winner I covered at 350 and then it popped back up to 360 or 370 I reshored it again and then it went down to 330 I covered and then it went to 340 350 shorted and covered again so again I think I made three or four trades on it in the morning and I think I made 400 or 500 on each trade and it added up to my day so a couple scalps today added up and the key was that today I waited for the stock to top out I waited for the stock to rebound and I waited for the stock to dump and then piggyback that dump so for me I'm not in the business of looking for tops I'm not in the business for looking to top tick everything I am in the business of letting the stock collapse letting the stock fail and then I will piggyback that trend so that's kind of what SPI was today um it got a little bit more choppy throughout the middle of the day right now zombie hour or so I'm not really touching it and I mean I've cleared about $11,000 in three days so far right Monday I made $8,000 yesterday I made $1,000 and today I made about $2,000 so $10,500 let's say let's round it up or let's round it down fuck it we'll round it down to $10,000 so I made $10,000 in three days so that's also something I want to talk about too so for those of you that know me you know that I have a very religious rule about $10,30,000 so what I want to talk about is how I got to that rule and why it's so important to me so I was working with Dr. Bress Steenbarger who is the number one best trading coach in the business he works with top hedge fund traders he works with only the best of the best traders and I had the opportunity to be able to get coached by him for a couple of months so what we do in our coaching sessions is we look at my training statistics go to mobile and try it is there you guys could still see me sorry some people are having some issues I'll give it a second and then I'll continue so in our coaching sessions what we do is we look at my training statistics we look at what I'm doing right and what I'm doing wrong and something that Brett has taught me is double down on your strengths right double down on your strengths and try to eliminate your weaknesses so for example what I recognize about myself remember my trading style is not the same as your trading style is not the same as Bao's trading style is not the same as his trading style everyone has different trading style based on their personality right so for me for me on the type of person that just likes to make my fucking money and walk away I'm the type of person that likes to work the least amount and make the most amount of money right which is fine which is fine um so what we found out about my statistics is this I make money 90% of the time right 90% I have I think it was like a 87 and a half percent win rate right and 87 and a half percent win rate so that means that if I place a trade there's 87 and a half chance percent chance that I'm going to make money but the time is I lose money I'm losing a decent amount of money right so what we noticed about my trading is that I lose the most amount of money after 10 30 and it was just happening for months I would make fucking $3,000 in the first hour I would push myself to make $5,000 and then I would end up losing that $3,000 so after talking to him over and over again about months and months of gathering data gathering data gathering data we noticed that if I just cut myself off after 10 30 I want to become a more profitable trader so what I want to mention is that the 10 30 rule works for me because that's what my statistics say most other traders are going to have totally different stats and totally different numbers the thing that's important is to recognize where your strengths are and where your weaknesses are if you are a trader that's only making money after 10 30 you should stop trading between 9 30 a.m. and 10 30 a.m. that's the point I'm trying to make that's the point I'm trying to make find out where or what time frame you're making the most amount of money if you're making the most amount of money from 9 45 to 10 30 you shouldn't be trading from 9 30 to 9 45 you understand so for me personally based on my style based on my personality based on the way I do it if I trade past 10 30 I lose money so I do my very best to cut myself off at 10 30 because if I overstay I am bound to lose money the longer I stay at that casino the more chance I have of losing money so I need to be reminding myself I need to be reminding everyone to slow it down slow it down slow it down and for most people you don't have to stop trading at 10 30 maybe what you have to do is just scale down and be patient maybe if you are a long biased trader you should be looking to go long around 10 30 so again you're fucking months and months and months and look at my step this is what I found for myself so I encourage you guys to track your stats you can use trader view you can use whatever the hell you want but the key is to recognize when you're making money when you're losing money what setups you're making money on and what setups you're losing money on I don't make fucking cheese on fucking large cap stocks but I make most of my money on small cap stocks so you better believe that if I ever try to trade a large cap stock it has to be with significantly less size than my small cap stocks if I'm using 40 000 for a position in a small cap I'm probably going to use only 4 000 for a position in large cap because I'm still learning I'm still trying to improve I am not there yet you understand so find what works for you right and for me if I'm able to pull fucking ten thousand dollars in three days working one hour a day you tell me where else you could find another job like that right today I wasn't using more than 4 000 shares on a three-dollar stock think about that think about that not using more than 4 000 shares on a three-dollar stock that's 12 000 worth of equity which is fucking nothing which is nothing but the point is is that three or four small trades added up three or four four hundred five hundred dollar trades added up and this was all in the first hour my death night shirt this was all in the first hour of trading and here I am at 11 dollars I mean here I am at 11 am up 11 000 in three days and if I really wanted I just could not fucking work for the next two days I gotta say that I'm gonna take tomorrow off I'm gonna take the next day off I'm gonna go to the spa I'm gonna go get a foot massage I'm gonna do this I'm gonna do that trading gives you the freedom to do whatever the hell you want right so for me I'm still gonna be trading tomorrow the next day because I love it because it makes me feel good it makes me happy to you know be planning and work and putting all this hard work in and finally seeing the results right people always forget you know how long I've been doing this shit it's been six years six years a bust in my ass six years of fucking getting sleepless nights six years of fucking being depressed and working hard and being alone and all this shit that no one fucking talks about you're not lonely it is to be a trader you're not lonely it is I sit in my office from 6 a.m to fucking 6 p.m in the darkness just trying to fucking click some keys and try to make money and if I make 11 000 or if I make 10 000 who the hell am I gonna share that with I don't have a girlfriend I don't have a family I have friends that are obviously not making as much money as me but you know I'm still trying to figure myself out and in the meantime trading is something that brings me happiness it brings me joy to be able to see so for example one of our members Cory is a lifetime member and he's been DMing me the past couple days and what he told me is he's on his ninth or tenth straight green day he transitioned from large caps to small caps and has found success in small caps so for me when someone like that messages me that's also what brings me joy it is selfish of me to feel that bringing others joy brings me joy right so the whole point of MIC is that we are traders helping other traders we are a family I am no longer alone right I am no longer alone I now have almost a thousand best friends who all love what I love who all understand what I understand who all get what it's like to make money who all understand what it's like to lose money and the best part is I am now able to help my friends that want to learn how to trade actually trade because the reality is my friends in the real world don't give a fuck they all say I want to trade I want to make money I want to do this and that I say sure motherfucker come to my house at five in the morning sit behind me for fucking 12 hours and then tell me you want to trade you know what happens none of them fucking show up so here I have my MIC family my MIC friends who all love what I love and who all are putting in the work that I'm fucking putting in every single day I see people like James fucking putting in the work I see Bear putting in the work I see fucking Dave on putting in the work I see fucking so many people putting in the work and that only motivates me to work hard right because at the end of the day I am fully convinced that within the next one to two to three years there's gonna be fucking hundreds of millionaire traders in MIC we are going to breed millionaire after millionaire after millionaire after millionaire because our process works right and the whole point of it is that once we breed these millionaires out they're not fucking scumbags they're not fucking assholes they're not jerks off these are people that understood what it was like to have nothing and it is our culture to fucking give back so if you are looking to to improve your trading business if you are looking to fucking make money you need to be surrounded by other fucking genius traders you need to be surrounded by other people because I was having this conversation with my friend Ryan this morning and I was like you could tell what someone's personality is by the friends that they surround themselves with by the friends they surround themselves with if you have friends that sit down just smoke weed every single day or you have friends that just drink every single time or you have friends that fucking do nothing in our bums chances are that you're gonna fucking smoke weed you're gonna be a fucking bum you're gonna suck but if you have friends if you have a community of people who are trying to improve every day who are trying to make money to supplement their income who are being selfless to help other people then you give yourself the best shot to success right so again be surrounded by other small people be surrounded by other hardworking people don't be surrounded by lazy people and for the love of god don't be a fucking cheapskate everyone smokes weed bro the whole point is that you're not fucking spending your friday night or your wednesday night smoking weed you're spending your fucking wednesday night or your friday night studying to fucking buy the dispensary you motherfucker buy the goddamn dispensary do you see do you see the difference of the way people think you see the difference i want to be trading enough to fucking buy the whole thing right right work hard enough that your friends are now your fucking customers they're gonna come buy weed from you fucking potted it's fun though man it's fun trading it's fun trading it's fun i was as lonely as it is doing shit like this is fun because again after this instagram live i was over what am i gonna do go back to my fucking dark room fucking order some chipotle get it delivered to the house you know drive my fancy car if i get bored but the reality is is that i spend most of my day i spend most of my day helping members right and it's tough because no bullshit no bullshit i'm i get a hundred p.m.s a day 100 p.m.s a day and for the love of p.m. me i will get to it but don't send me a fucking essay please don't send me an essay right because if your essay is something like hey i just joined and i don't know what a limit order is and what does low of the day mean can you teach me this and that that is taking valuable time after someone else who actually put in the work and has an educated question we offer all the beginner stuff in the videos joe was saying this morning that if everyone watched the videos there would be no questions ever the reason why there are questions is because people don't watch the videos i get it we have fucking 500 videos i get it trust me i get it but the whole point is the people that watch the videos the people that put in the work are the ones seeing the results right and we put out new videos every single day so it's in your best benefit to join and catch up with the videos before you fucking join next year and we have a thousand videos and then you're fucking you're stuck being able to watch that stuff so excuse me that's it man that's it if you guys have any questions for me in the meantime again the two-hour free webinar for non-members is at myinvestingclub.co this is a free course for non-members if you're watching these videos it means that you're interested in improving it means that you're trying to get better so for the love of god at least watch the webinar and get some free content because it's just not going to be free forever can't be we work too hard for people not to watch the videos and what we've realized is if it's free people don't appreciate it if there is a fucking $10 price tag then they appreciate it any questions guys well bitcoin crashed with a war motherfucker bitcoin watch the webinar man please just watch the webinar bitcoin man biggest scam of the fucking 21st century any questions guys again i'm just a fucking normal fucking dude man look at me i got my deathline shirt on i got my fucking flip flops on i got my airpods on and i just made 11 grand in three days i'm not a fucking genius i like to fucking go out and party to i like to drink to i like to fucking do nothing and watch netflix too i like to take edibles too the point is that if i could fucking do it you could do it but don't fucking be discouraged if you're not getting it in one month don't be discouraged if you're not getting it in one year it took me six years to become a millionaire so if you want to fucking invest a few years of your life to live the next 40 fucking free then you are in the right place and you need to be surrounded by the right people all right there's some questions for today's trade would you think about shorting the four line at the open yeah i would think about shorting the four line at the open but because there was a chat room involved i wanted to wait for it to dump and then i would get involved i could talk more about stock personality and doing more what you're good at um number one is think of a stock like a different woman right all these people are different girls but each of them have a different personality every stock is like a different girl but they are all different in their own ways so for me trading the same stock over and over again because most of these stocks they're not just in playing one day and they go away they tend to repeat and come back and if i know that something like lci has a personality that's tough for shorts that reminds me that hey maybe i should be shorting the stock next time or for example spi if that has the personality that it gives back most of its gains then that reminds me hey maybe i should be shorting this and holding it all day um what's spi at by the way 3 20 oh luka i remember so last story last story before i wrap it up is luka is a member from canada right luka is a member from canada and he wanted to come to the san jose meet up but you know it's it's tough to fly from canada to san jose uh he's came to bow and he's like bow you know i found the way that i'm gonna do it i'm gonna fly to san jose and then i'm gonna fly out the same day so that i don't have to buy a hotel and that way i'm gonna save some money and bow was like so he was so taken back by that he was like oh my god like this guy really wants to f***ing learn he's he's doing everything he can to come in you know what bow f***ing did bow bought him a suite for one night for him and another member to share so that f***ing he could come and have a relaxing stay in san jose and now worry about trying to fly back and forth so don't f***ing ask me for a free hotel don't ask bow for a free hotel because if you ask you're never gonna get it but this this sh** shows what m i c is all about right we are a family we are a community right it's like it's like why wouldn't you want to be surrounded by the best oh speak f***ing mother f***ing all right i'm gonna speed walk home man sh** god damn it f*** 311 mother f*** okay all right not a problem so yeah that's it guys that's it that's it remember what i said when this sh** started remember what i said 350 breaks the sh** is gonna tank 350 f***ing broke and it tanked mother f***er that's it guys that's it i mean you know we make these videos every single day because it helps us stay safe 306 mother f***er dude what the sh** god damn it f*** f*** that's fine baby that's fine baby so yeah we make these videos because it helps us but it also helps you and for the love of god just watch the videos man we have f***ing 300 400 free videos on youtube you should at least be watching the free videos on youtube and think about it if the free videos on youtube are helping you think about how much more of the member videos are going to help you anyway guys i'm gonna go put a f***ing toaster in the bathtub and pray that spi bounces because god damn if i just didn't make this video i would have made a sh** lot of money so anyway guys thanks for watching i will see you next time