 What's up everyone? Today is Monday, February 24th at 7.54 a.m. Today is going to be a free video watch this day so if you don't already know I do a free video watch just every single Monday for everyone on YouTube and then every day or every other day I do one for the MIC members. Before I start I want to talk about a free webinar that we're running. This is a free two-hour mentorship course that me and Bob put together for the brand new trader. It's available at myinvestingclub.co. It's a limited seating every week so if you want to kind of have like a free mentorship course reserve your spot and we'll see you there. So if you don't already know I was just in New Orleans for Mardi Gras. I am so tired you could probably tell I'm shot to hell but today is kind of like my first day back from vacation. So whenever I'm back from vacation or whenever it's the first day that I'm coming back I like to take it slow. I like to size down and I like to just wait for the best setups. I am a little bit overeager to trade and I haven't traded in a couple of days so days like today are pretty dangerous. I want to really take it slow. I have mentally accepted that I might not even take a trade today just to kind of clear my mentality but yeah let's go through everything. So what I do first every single morning is I go through the stocks that were moving the previous day or in this case last week and Tom Diesel made a really nice video watch list for us so I was kind of looking at that as I was making my watch list for today. So let's kind of go through everything. So DPW just tanked all day on Friday. I can't believe I missed this but I see some resistance levels here. So in the morning it's actually not even okay too. So in the morning I'll have some fantasy orders or some open orders around these levels to scale in on the way up on the bounce and you know kind of as it hits these levels and rejects I'll add to my winner. Lohang fruits ideally they push hard because there's so much resistance from the day before that we get a really nice rejection. So again I draw my lines every morning and I just put my orders and I wait for them to fill. I'm not really in love with this setup but what I see is a 340s level as a resistance level and I see 350 called 360. So in the morning actually this level works too. Matches up. Yep it does. So notice how this resistance acted as this resistance. So now I have three lines. Let me adjust my plan real quick. Okay. So this is just my plan looking for this 330s level then 340s and the 350s level does kind of scale in. CETX is the new hot chick of the day. This is actually one of my favorite stocks to trade. If you look at the daily chart every time it gets volume it pulls back. Every time it gets volume it pulls back. Every time it gets volume it pulls back. Every time it gets volume it pulls back. So if it did that one, two, three, four times or four chances are it's probably going to do it a fifth time. What I see here is I see some resistance on the daily chart at like 230s but so far it's rejected 220s so it's kind of close. It's Monday. I feel like there's really nothing else kind of moving too crazy. So this will have a lot of attention. In the morning what my game plan would be to look for a morning push 2, 210 and 220 scaling 10% of 2, 10% of 10, 10% of 20 and then as it kind of fails I'll look to add to my winner. If this kind of just tanks pre-market I'll adjust my plan at the open for the guys in the room and we'll kind of take it from there. Last but not least, SPY, entire market is down like 600 points or something like that on coronavirus. If you look it's kind of dipping down to where it was supporting previously. Market has been on a big uptrend for a very long time so I don't really, on days like today it's very easy to just buy a lot of these stocks that are tanking. It's very easy to just say I'm going to buy Apple, I'm going to buy Microsoft, I'm going to buy fucking Amazon or I'm going to short the volatility ETFs and honestly my biggest advice on these days is number one don't trade it if you are not used to it as it's a very fast way to lose money. The stock market is weird right? Anytime stock is on sale doesn't mean that's a buy. So just because Apple is down a bunch doesn't mean that it's a buy. Look at how crazy it went, you know what I'm saying? So just take it slow today, be careful today and if you are really adamant about trading these large cap stocks I would personally wait until the trend is formed after 1030 and then joining the trend after that. I'm sure the large cap room is going to be very active today. So yeah guys, going to take it easy today, mentally accept that there's no trades, looking at the low hanging fruit, looking at the simplest trades just to kind of get my confidence back. So yeah, I'll talk about New Orleans a little bit later maybe a video but today's secret word so if you don't know I do a secret word at the end of the video is to make sure that everyone's watching so today's secret word is going to be gumbo. So I'll see you guys in the room. I'm going to force myself to take it slow today again if it's if I just take it slow for one day in the market it's not going to destroy me it's actually going to help me. I've accepted that, taken it slow, watching the blood bath on Wall Street while all these big time investors are screwed or losing money while we're all cashed we're just waiting for opportunity. So I'll see you in the morning. I'm going to make fucking two or three expressos because I'm fucking shot to hell. All right, thanks guys.