 these recaps on Mondays, but I did one yesterday, but today Bow is feeling a little bit sick and I think there was a lesson to be talked about today on a lot of these stocks, so I want to kind of talk about that, but if you have not seen yesterday's video, yesterday I did a P&L update, so I kind of went through my numbers, I looked at how I did, I kind of wanted to see where I was on the year, and it turns out I'm up over a million dollars already on the year, so, and that's after fees, locates, commissions, everything, that's net net net. So yeah, I mean it feels really good, I feel great mentally, I'm doing pretty good, physically I'm working out more, so everything's been going really good for me, and that's only because I am put, I'm making my own luck, right? I am the guy that's showing up working out five days a week, I'm the guy that's watching all the videos every single day, I'm the guy that's putting in the work, and it's no surprise that I'm seeing results guys, so yeah, so what I want to talk about today is trading, so we've kind of entered a market guys where it's slowing down, right? So just a little brief history on what's kind of been happening lately, COVID in March took over the market, Trump put money in everyone's pockets, the stock market was the only thing moving, and people just threw money into the market, they would just throw money, throw money, throw money, and you know, they're making money hand over fist, anyone with a Robin Hood account, anyone would just buy something and they would just make money, and you know, that works for only so long until their luck runs out, so we saw probably about four or five months of insane market action, and what I mean by insane market action is I mean penny stock scams, literally scams, garbage companies going up 100, 200, 300, 500% up on fucking bullshit, on no news, on pump and dumps, on hype, on nothing, so that taught a lot of newer traders that all they got to do in the market is find a stock that's up 100% and buy it up until it goes up another 200%, and when that stops working, when that stops working, you get a dead market, right? So all of these traders that were making money, money, money, money, money didn't understand that they needed a process to actually keep the money, right? They needed to keep the money, right? So now we have entered a market where it's relatively slowed down. We're not seeing much gaffers, we're not seeing much action, and these markets are the markets where people lose the most amount of money. Now, why do people lose the most amount of money in this market? It is because they don't know what they're doing. They are anxious for a trade. They are hungry for a trade. Imagine you've been eating steak every single day for the past four months, right? Every single day for the past four months, you're eating steak, and now you're subject to only eating salads. I don't know about you, but that would make me go crazy, right? That would make me go crazy. So think of that as the market right now. We've been blessed to have steak after steak after steak after steak. And now all we have is salads in front of us. And now what the problem is, is if I see a steak over there, there's thousands of hungry hyenas that want that same steak as well, which gives us a lot of competition, right? So we have entered a market, guys, where there is not much place, there is not much action, there is not much opportunity. So whenever we see a little bit of opportunity, everyone just jumps to it. Everyone just jumps. So what that tells me is this, guys, what that tells me is that there is not much edge in this market currently right now, when this video is being recorded, right? It's September 15, 2020. So as of this moment, there's not much action in the market. So what does that tell me, right? As a professional trader, I want to only put my money in stocks that I know have an edge, right? So let me give you an example. If I know that a stock is being pumped up on rehashed news, they put out the same news a week ago or a month ago. If I know that a stock is being pumped up because they have an offer incoming, or if I have a stock being pumped up by a chat room, that to me gives me an edge, right? If I have a stock that gives me an edge, that means that I have a higher probability of making money on that setup. So I want to bulldoze in my money in that setup because I know that I'm going to have higher opportunity there. Whereas now we're in a market where there's not much opportunity, stocks aren't really moving. The range is not really good. A lot of stocks are easy to borrow. A lot of stocks are trapping. So rather than bulldozing a Ferrari into these setups, I'm throwing in a smart card. I'm throwing in a small amount of money. I want to be able to, you know, kind of keep, it's like, it's like I'm practicing my layup, right? So imagine I am basically wait, I'm basically waiting for the Super Bowl, right? So the last few months was the Super Bowl. Now I'm sitting here playing the regular season games. You know, it's not exciting. It's not anything crazy, but I am practicing. I am staying sharp. I am staying disciplined. I am staying patient and I'm just putting in the work and putting in the time because I know that the Super Bowl is probably coming back in a couple of months and I want to be able to be mentally sharp enough to take advantage of that. So in these slow markets, guys, I am sizing down. You could see, you could see guys that I'm not really trading much size, right? You know, I'm making $500, $600, $100, right? I'm trading stocks like MRNS and I'm getting out before the VWAP reclaim. I'm ignoring this stuff. You know, I've wired down my account back down to $35,000 and, you know, guys, I'm just kind of taking it slow right now. I'm taking it slow because currently in this market, I don't feel comfortable risking a lot of money, right? So if I don't feel comfortable risking a lot of money in this market, why the hell should I be risking anything at all, right? I'm just trying to stay here and trying to basically stay in shape and stay prepared so that when I do wake up one day, when I do see a stock that has an edge, when I do see an opportunity that I still have the mental capital and I still have the ability to realize, all right, now the market is heating back up again and it's time to take advantage of it. So today was one of those days where the market is starting to show signs that it's heating up again. It's starting to show us that, OK, maybe there is going to be an opportunity today. Maybe there is going to be something here today. And to me, I don't want to risk until it is proven, right? So normally what happened is in a hot market, we had two or three or five stocks moving on the day and you could choose whatever stock you wanted, a trade or whatever you wanted. There was plenty of food to go around for everyone. But now, well, at least today, we had two or three stocks moving. So let's kind of recap, right? So I'm in front of my setup. Let's kind of recap some stocks that were moving today, right? So let's talk about and fuck. So funny story before I start talking is at the start of yesterday's YouTube live, I dropped my iPhone and I cracked it into a zillion pieces. So I basically got a new iPhone. So yeah, I mean, I think I'm going to sell this one. But anyway, point is that I've been really clumsy with my phone lately. So MRNS, right? So MRNS was a stock that was gapping up today, right? Gapping up on news and my thought process was simple, right? I saw a death line at three twenty. So what did I do? I shorted, let me see if I can zoom in more, give me a sec. I shorted the death line. I was not greedy. I took the money when it popped back up to resistance. The death line, previous support becomes resistance. I shorted again and I made my money. So over here, I made my money and I walked away. I did not get greedy and say, I want more money, more money, more money because greed ends up getting you destroyed in this market. You would have been destroyed if you were greedy. Now let's talk about PSTV. So PSTV was another stock that was gapping up big, right? So all I did is I drew my support line and I said, if this support line breaks, chances are, if it bounces to that level again, I'm going to short it. So support broke, bounced there, added to my winner. Again, support broke. So covered here and now I'm just chilling. So again, nothing really crazy made about $1,000, $1,200 today. But the point that I'm trying to show you guys, the point that I am trying to make is that, you know, I'm taking a slow in this market. I am not risking much money in this market. You know, when the market was hot a couple of months ago, I would be making 10, 20, $30,000 a day. Now I'm making 500 to $1,000 a day. And that is because the market is inconsistent, right? The market moves in cycles. There's going to be cycles where large caps are hot. There's going to be cycles where small caps are hot. There's going to be cycles where options are hot. There's going to be cycles where something else is hot, you know? So right now, right now we are in a cycle where large caps are in action. Small caps are slow. And if I am more of a small cap trader, I'm just staying patient and waiting for my place to come back guys. So again, trading is about pattern recognition, right? The more you see these things happen, the more you understand them, the more you can kind of look for them. So I have very specific patterns that I'm looking for every single day. I'm either looking for death lines. I'm either looking for low hanging fruits. I'm either looking for first red days. If my patterns aren't there, I have no reason to short. If my patterns aren't there, I have no reason to trade. So sometimes what we end up doing is we end up forcing trades. We end up getting greedy. We end up pushing ourselves way too much and we end up losing. Today, MRNS was a death line setup at 320. I covered at 310, 305, 303. Made 10, 15 cents twice on it. So I made about 30 cents total on it. Had I said, you know what, last month I made $1,000 on this setup. Last month I would have made $2 to share on this setup. I'm going to hold it. You know what happens? You lose it all and more. I am doing a very good job not getting greedy in this market. Because I know that this is not a market to get greedy in. A few months ago, you could have been greedy in this market and it would have paid off just because you missed all those big plays last month. Doesn't mean you use those same strategies and that same patience last month, this month, when the entire market has changed. Does that make sense, guys? So I wasn't planning on doing a recap video today. I wasn't planning on really talking about a lot of stuff today. But I had so many members reach out to me and say, hey, man, like I overstayed my welcome on MRNS and I lost, you know, it was a death line set up and I lost. And my question to you was you were up 20 cents. You were up 25, 30 cents. Why didn't you take it? Oh, you know, it wasn't enough. I was going to add to my winner if it bounced and then it bounced too much and I didn't make any money. All right, guys, let me tell you this. When you are green on a stock, when you make money on a stock, take a little piece off to pad yourself, right? If you are up 10 cents. If you are up 15 cents, you know what? Cover half, cover a quarter, sell half, sell a quarter, whatever, whatever position you're in, exit for a profit on a little bit so that you are mentally comfortable, either A, stopping out for break-even on the rest or B, giving yourself a little bit more room to be patient on these stocks. So if you lost today on MRNS, it's 100% on you because you were greedy. You did not stick to the process. You did not nail and bail. You did not take the money. You felt like the money wasn't enough and you overstayed your welcome and you lost same thing for PSTV. Maybe you missed PSTV short and you went all in on MRNS as a revenge trade. Guys, every single day your goal is to trade with the most amount of edge. If you do not see edge on these stocks, you do not trade them. The reason why I am doing very well in this market is because in my off time, I am studying. I am recapping. I am learning. I am trying to improve rather than trying to wiggle myself out of bad trades. Does that make sense? Sorry, let me see what the hell is moving. A lot of people are asking about my shirt. This is a one-of-one. Does that make sense, guys? Okay, so that's kind of what I want to talk about on my end. So I want to open it up to a brief Q&A for the next few minutes. So if you guys have a question, let's do it. Thanks, guys. Oh, you guys want to see something really cool. So my brother, so it's actually really funny. So it's really hard to get a gift for me or for Bao or anything like that because, you know, I'm very blessed. I'm very thankful to have basically everything I want. I don't need anything. I don't want anything. I don't want people to spend their money on me. All I want you guys to see, guys, is, well, all I want you guys to understand is that I get happiness from just like other people being happy as well. So anyway, the point is that I'm really hard to get gifts for. So my brother got me this awesome piece of art. It's Donald Duck with Cell and like a bunch of cash and stuff like that. So, you know, just for me personally, like, I like little arts and like little trinkets and I thought it was really thoughtful how, you know, my brother got me a piece of art that I could hang up on my setup. Yeah, Daffy Duck. Sorry, my bad. Um, what was I going to talk about? Someone sent me the question. Someone sent in two bucks. Bro, I'm going to refund you. I don't know how to refund you, but just take your money back. He said any advice for a 17 year old. So let me tell you what I was doing when I was 17, right? So 17 was when I was getting, uh, one of my first jobs. Uh, I think, I think even, uh, I think I started Starbucks when I was 18. But before Starbucks, I was a cashier at, uh, like a local grocery store. So at 17, I was a cashier, just really up the fucking nothing. Um, but my advice to you, bro, would be this instead of, you know, going out instead of partying instead of smoking weed or instead of whatever you 17 year olds do these days, uh, spend some time just trying to learn something new, spend some time, you know, watching the videos. Like it's a little bit overwhelming. I get it. I get it's overwhelming, man. Like, you know, we have a thousand videos and it takes time, but you know, that's why we had a jump starter course. That's why we have, uh, kind of all these shortcuts. So my advice to you would be to get the accelerated course. If you can't afford it, if you can't watch it, my advice would be to go to the trading videos we have on YouTube, maybe watch two or three YouTube videos a day, start from maybe the older videos. So go to the, here, let me, let me show you guys. So let's give me a sec. All right. So go to the MIT YouTube channel. Go to date added oldest and just start with topics that you see, um, that makes sense to you, right? If you want to learn the first bound strategy, here's a video on first bound strategy. If you want to learn about, you know, how to be successful in the stock market, here's that, you know, if you want to stop taking dumb losses like me, do that live trading. Bow has a free live trading video, 45 minutes of live trading, bro. Like we have everything here, guys. So please, please, please, all of the resources are there. Everything is there. It's just, you have to spend the time to do it. You know, I'm going to keep using this working out analogy because I love it so much. It's just like for me, you know, when I started working out, I expected to see results in a month and you know, I wasn't really seeing anything, but you know, everyone told me to keep pushing to keep going and eventually you'll see results. And, you know, two months in, I'm not seeing anything crazy, but I'm seeing a notch more than what I saw before, which is motivating me to keep pushing. So my advice to you would be in your off time, watch some videos, educate yourself. If you have questions, reach out. You know, a lot of people, they want to get trading. They want to get started in the stock market. I posted my million dollar a year on Instagram yesterday and I had so many friends and family saying, I want to start trading. I want to start trading. I want to start trading. And my question is, you know, why do you want to start trading? Do you want to just start trading? Cause you want to make a shitload of money? Okay. Yeah, most people do, but do you have the love? Do you have the passion? Do you have the ability to, when you start losing money, when you start getting discouraged, when you start feeling upset, do you have the mental motivation and discipline to keep pushing forward? And for me, I am a very disciplined person. It must be in my genetics. It must be for my father. It must be for my family. It's, I don't know what it is, but for me, what I know is that even though I hate something, I keep pushing forward because I want results. I am very goal oriented. I have set, I write down my goals. It's actually, I was actually talking about this in one of my other videos, but I'll kind of mention it again, is every year at the start of the year, I write down goals that I want to achieve, whether it be monetary goals, whether it be goals with friends and family, whether it be investment goals, whatever it is, I write that down and I put it in an envelope and I seal it at the beginning of the year. And then on new years, every single year, I open that envelope and I see how close I got to those goals and what I could do to keep pushing forward. So for me, I'm very goal oriented, right? So the point I'm trying to make here, guys, is that, you know, I hate working out more than anything. If I could give away a million dollars and I never have to work out again, but I have the results, I would do it instantly because I hate it that much. But even though I hate it that much, I am still trying to be disciplined and still trying to keep forward because I like the results that it brings me, right? It makes me feel happier. It makes me feel confident. It makes me feel better in my skin. So the whole point that I'm trying to make is that times are going to get tough in trading, in life, in working out and in everything. But do you have enough love and enough passion for what you're doing to keep pushing forward? And that is the question that you should be asking yourself. Watch the videos, join for a month, see if it's for you. See if it makes sense, man, because at the end of the day, trading is now for everyone. You have to be disciplined to be able to do this. And that's why I don't understand how more bodybuilders, how more army guys, how more of these people are not into trading because to be in the military, you have to be disciplined. To be a bodybuilder, you have to be disciplined. It's the same formula in trading, right? It's the same formula. As long as you are disciplined, you will make money. I've been disciplined for years and years and years. And now after all these years, it's finally starting to pay off. And now people are seeing, all right, now there is something real. But if you hesitate and you don't start, you will never be successful, man. Like to me, to me, it doesn't make sense that you have a millionaire trader like me, you have a trader like that made one point four million dollars in one day who's made five, six, seven million dollars in a year. Trading consistently for like four or five years, right? And we're charging guys five dollars a day to learn how to trade like us. That is an investment in yourself, guys. That is an investment worst case scenario. If you pay two hundred dollars for a month, you will walk away with two hundred dollars worth of education that will help you in the future as well. So my question is why are you guys hesitating? The longer you wait to start, the longer it will take for you to get results. Had I started trading today when I'm 26 years old, it would have probably taken me until I was 30 to have these results. So my advice to you who is 17 years old is start trading now, start learning now, start educating now, because by the time you're 21, it'll all pay off, my friend. The edge that you have compared to anyone else is that you have your youth. You have your age. And let me tell you something, bro, for all the success I have, for all the money I have, everything that I have, I'm 26 years old right now. If I could go back and be 17 and start all over again, I would because that would give me an extra two years more than I had now. Does that make sense, guys? Does that make sense? Sorry, I'm just reading through the comments here. So that's it, guys. Everyone loves this shirt, bro. I don't get it. I mean, it's a sick shirt, but shit. So that's it, guys. Do you guys have any more questions for me? I think I'm going to kind of wrap it up. I know that you guys like these short and sweet videos. So let's do this, Tosh. Let's do this. I want you, Tosh, to... I want you guys who are not in MIC, who are not in MIC right now. I want you guys to text Tosh and tell him... I don't know. What's a good word? What do we talk about? Tell him to text him the word 17, OK? And we'll give you guys $20 off an MIC monthly membership. So rather than it being $197 for the month, we'll give it to you guys for $179. Just don't fucking tell Bao because he'll fucking kick my ass. But I just want to give you guys an extra way to get started. I know $20 isn't much, but please just let it be. Let it be the start that you guys need to get started, right? So text Tosh at 213-458-5997. And he'll give you guys a discount on the monthly membership. So thanks, guys. And please leave a comment on the video with one lesson that you learned. And next week, I'm going to pick a winner for a giveaway that we're doing. So thank you, guys, and I will see you guys back in the room.