 All right, what's up dudes? We are finally on to the Q&A portion. So I'm actually recording now So if you guys have questions on YouTube, please write them out If you have questions in chat right here type them out and then we could talk about some things So what did you guys want to talk about today? I might bring someone on in a little bit if not, then we will just we'll rant we'll talk we'll make this kind of podcast style and We'll talk about certain Identifiers or just what it means to be a trader, but what did you guys have questions with particularly today if there are any questions? I could just start talking about shit You guys hit me if you have any questions, I do I do remember though if I go to threads You guys want is awesome, man. I bought for Christmas I got I knew bow wasn't a big gamer, but his son comes and visits him all the time So I got him the Xbox series X and I was like about in two controllers just in case bow wanted to play but Got them on and I was like dude go crazy, man His kids like the nicest nine-year-old you've ever met it. He's the coolest little kid, man okay So couple questions from earlier Tosh, could you do could you do a bit about if you should be longing the stock when making a pre-market? I guess game plan like identifying what you should be looking for like size or float Institution ownership of thrones to look out for on Bama's to see I would attend but sending pizza Oh shit, okay. Well, the whole thing is like Robert will probably watch the replay guys. I'll answer it like this I'm gonna keep it as simple as possible when you are a trader Everything needs to be pre-plan pre-market. There's nothing that you should be winging Unless it's a reactionary trade where you have a considerable a Considerable amount of edge I can sit like I showed you on the death candle earlier like a considerable amount of edge So you like like let me just show it one last time This is more of a reactionary trade you can still plan this like Alex did pre-market But every now and then you see a stock running intraday and you're like dude Well, obviously this is more of a short seller bias But maybe you get the opposite you get a teleport candle for a long this kind of Throws everything up in the air right this is kind of that moment that like the slow motion and like you're done And down the zombies and World War Z or whatever it is This is kind of a reactionary moment But unless it's something like this like I will not trade this stock until a death candle Oh, the death candle just happened now that I'm prepared for that But still even a reactionary trade is kind of planned But everything you do as a day trader guys is plan pre-market and that's why we have the watch list and Alex Every single day is saying guys if these don't happen I'm not trading and whether you you know follow Alex's watch list whether you create your own Everything you do starts pre-market and I'll say it like this as well. I'll say it like this There's many times When someone asks me they're new to trading and they're new to short selling and they go Tosh When do I get locates? I go brother That's like planning a trade you get locates the second your eyes open as fast as your frickin broker opens And you know what's running and you think you have an edge in trading one of those are you're going to trade them That is when you get your locates. You don't wait. You don't wait You got to act and and and this is about planning. You don't wing it you plan you plan your every trade. I hope that's clear Okay, let's go back. Ah Travers was up buddy Can you talk about finding balance between sticking with one setup and mastering it verse Adapting moving on to something else if that setup isn't working great in the current market environment That is a really good question. Um, there's many ways to actually answer this brother But you know what? I actually want to hear from you Travers. I'm sure you're still listening brother Give me give me more specifics on your process like like tell me why you're asking this question Like I actually want to know what's your main process? Kev, what's up buddy? You can even just type it out if you want Yeah, yeah any time after the holidays, bro It's usually a little bit slower Because people are just tired people are lazy. They're waiting for the new year to get on their new year's resolutions I've always noticed it's a it's very much kind of no man's land and kind of slow right now until the new year for sure But Travers if you can man, yeah, type that out I really want to know specifically what your personal mindset is versus general because obviously, you know The general answer is you should not move on to the next thing until you master something that you like Unless you absolutely considerably hate it you should move on like not everybody's made for options trading Not every one is made for small cap trading So flush out what your what you want to build a process around But if you're stumbling upon what you're building a process around that you do love That doesn't mean you should just go to the next thing just because you're having a couple roadblocks But I but I do want to flush out specifically brother on what your um, maybe you're having an ailment specifically right now Let's let's see what that is Yeah, I definitely want to flush this out So it's kind of as for anybody listening in it's kind of like i'm going to help Travers personally right now But but you can but if you're going through something similar you can kind of um You can kind of parlay this into your own process or your own setup or how can I understand what this kind of common Thought process is because you know just because he might say okay, let's see So i'm trying to add a second setup right now Because i've spent the year trading first bounces and i'm comfortable with it great So the first thing you guys should notice is that Travers already knows he likes first bounce And he's comfortable with it That is the hardest part about becoming a trader guys is identifying what you even like So like like I said not everybody likes short selling not everybody likes long So he's already flushed out what he likes Now okay, so he says right now i'm jumping between setups to find a second one Each week it's something new like I don't know if I just stick with day ones or branch out to multi-day setups Brilliant question travers. I would say the best advice I can give on this and I've given it for four years Is brother go where the money is not where the excitement is Now that you know what you like great if you like first bounces and you like um, you know Um, you know those teleport candles and when shorts are stuck on very strong stocks Brother you should because because it's hard to find what you like in the beginning, right? But now that you know that I would do everything in my power to get as good as possible at that Now i'm not saying that you can't go to something else But but I would say that Sometimes the grass isn't greener, right? It's it's really not greener. It's like oh, oh my gosh Like I've been with my girlfriend for three years But if I get a new girlfriend is it like, you know, maybe she's got different aesthetics I'm gonna keep this pg-13 but is the grass green the grass isn't greener if you know what you like That's what you like and you need to become the LeBron fucking James edit But I do understand the one Let me say it like this I learned Well, I originally learned big caps, but then I learned small caps But then I really learned big caps not just started on them. So let me say it like this I always have a play when small caps are slow guys. I'm balls deep into big caps Sometimes I day trade big caps very very randomly unless I get paid Really good because I scooped it at the right time or whatever But I wanted to learn two different sectors when one was slow not because I was having frustration with the other one Only because okay. I'm good at short selling But when there's no small cap planes, I still want to make money because I'm a goddamn degenerate Hi, my name is hi. My name is tosh. I'm a degenerate like like that is welcome to the party like grab a cup of coffee Take a seat The I want you to never make a decision travers out of frustration or desperation This is what I'm trying to get at for any of you and this is why I wanted to flush his out Is guys, I don't want you banging your head So now you're going to go frustrate yourself even more when something isn't quote unquote mastered yet Or you have a really good handle on it and aka what would be a really good handle on it? You're pretty profitable every time it comes around If you are travers really good at the first bounce and you really know what you're doing and you see a lot of consistency brother And obviously money Then you can go well, you know, if I've mastered this one I'm going to play it when it shows up But now I want to graduate to another Not not go to another because I'm frustrated with the first one Because you could get frustrated in the second one and now you're going to bring in the frustration from both of them into all of them Does that make sense buddy? Does that make sense? I don't want you overloading your brain when you're not at step one first and believe me, man This is the hardest part to understand about day trading. This is the hardest part It is very easy for a lot of people to make money because they're on their chapter 100 and 200 Alex makes making money in the market look easier than a than a money printer in the Fed It's just facts But Alex is on a trajectory that might be light years ahead of anybody travers, you know, kevin I don't know. I'm just I'm not singling anybody out I don't want you guys to get fomo thinking. He's making money. He's making money. He's making money now I got to make money or I'm an idiot. I'm a loser It's not like that the market's going to be here for 100 years guys Plus the the only thing that destroys the market is if global warming or the Like a comet bashes into us like that new Leonardo DiCaprio movie and we get smoked or roasted guys The market's going to be here. It's the u.s economy in chart form So what I mean is is I would rather have you go at a slower pace and master something Then try to learn multiples and frustrate all of just your your mental capital in every form This is about mastery. This is not about making money in the beginning It's about am I learning a language that I can teach my children They can teach their grandchildren once I learn it correctly Does that make sense? I've been consistent with the first bounce for about six months So I don't think it's out of frustrations, but I still have a long way to go of mastering it I am probably trying to rush it travers great great Analysis because while I was talking to you directly brother, I didn't necessarily know if it was out of frustration I was using that example so I could keep it general So a lot of people who are going through frustration Maybe not jump the gun, but here's what I would say man. If you feel like you're rushing in your process It's the same feeling of like I know I'm rushing in this trade It's the same guys that said like hey, I'm gonna buy from you know, 26 to 29 because I want to make a quick buck and I see today It's it's that same mentality. So if you find yourself in this headspace of like, I need it. I need it. I need I'm rushing. I'm rushing. I'm rushing Sometimes that's from actually like a a resistance standpoint. Does that make sense? Like that's actually not a good standpoint. So I'm not saying you're rushing brother I'm really not but I want you to go at it organically like, you know what man, I'm really good at first bounces I know how to do them. I love them now. Let's add now. Let's add stress free now Let's start also learning something else. I can take advantage of Maybe options trading maybe maybe short selling death candles like I always talk about every single webinar But I just want you guys to be clearheaded when you take on something new. Yeah, that that's my best advice David when I try a new strategy, I back test it for as long as it takes to know if I have an edge Yeah, I mean, that's the best any of us can do David. Definitely definitely right and to see if you're comfortable with that specific setup Okay, guys hold on going back to threads Let's see I'd like to hear about when a stock feels trappy trappy trappy trappy trappy So the things like I'm not so obsessed with the term trap like what's this trap the things that I just want You guys paying attention to it because because I think there's a cult Like this cult bias around this stock is trappy I just want you guys to pay attention the outliers or I'm sorry the underlying things that make a stock trap or go up and or Just not continue to go down the things that you need to be paying attention to or higher lows Like number one, like this is something you need to look out for guys Like is a stock acquiring higher lows over vwop under vwop is a stock acquiring higher lows number two Is volume coming in this random spur of volume do you see I talk about this a lot with volume guys This is what you have to pay attention to with traps or a stock just fading all day That's a big that's a big test of morning volume So look at this Remember what I always say I always say when the first hour is over draw a line Within the 40 to 50 mark of the morning volume If at any point in the day at that you can eyeball it 40 to 50 percent If volume starts hitting this level It could be a serious it could be a little trap It could be a serious trap But it could be trouble for waiting for a late day fader Or a stock to just tank all day and get sold off and sold off and sold off because volume is coming in volume is demand Volume is action volume is We're like john wick running with 10,000 guns volume is volume and participation So if this stock is and you want if you're short here And you want this to go lower, but you simultaneously see higher low higher low and volume starting to really pick up Um, I don't know you know because there's so many times guys where you see something like this And then it just continues and then just keeps going So like again, I want you guys to stay away from just hey, what's trappy versus what do I need to look out for? Like like what's really like going against the thought process of a short right now because I just feel like Hey, this stock's trappy. Well, why is it trappy? That's kind of just a that's kind of just a cop out You know, I'm gonna long this because it feels trappy. Well What's happening in the price action is volume coming in is it coupled with higher lows? Did it go over a tank? Like whatever it is, right? And these are the things that you need to pay attention to trend how many people are stuck in it, etc Now a stock that is this inflated After a major death count that's still trading under vwap Obviously, I wouldn't be too scared of this and if you do what bow does every single week is a channel trader Where do you think bow would have been shorting? He would have been shorting right here You don't chase he doesn't chase down here. I said he would have been shorting right here So it would have been obviously right here at this level right here adding up to here Probably risking a little over vwap maybe half of this death count So as you can see and then he probably would have covered down here So like you guys also have to Like if you're short selling and like waiting for these quote-unquote traps to occur You got to wait for a good entry as well or just know that while it might not be a huge trap It does have significant bounce coming or it has some action flowing in because of this little volume trip, etc Etc. I hope that's clear. I hope that's clear Okay, last question how to narrow down the watch list for newer traders and not miss trying to chase money Many of them and get none That's a good question, huh? I would say that when you go sk if you're listening if you go to the watch list every single morning And like alex puts on anywhere from like three to eight stocks Arguably will say an average is five like today You only should be locating brother and really paying attention to the ones That you know personally you have an edge or you flush out or make sense to you Just because alex is it has a plan to trade for all five doesn't mean you can one Simultaneously trade five stocks at once Um, you know absorbed that much data in the beginning because in the beginning I remember dude I was like, oh my god. I can barely look at one stock and then towards the end of it I could be in eight stocks at one time managing positions and if we're not even talking about swing training That's like 50 positions like so my point is Is in the beginning take it slow out of these five What do I have locates for and what's the number one at the top of my list? Maybe boil it down to two But but I don't want you guys racing like anytime it comes to racing that is very much a problem in your head It's just very much a problem And because whether you're trying to rush process whether you're trying to rush locates Whether you're trying to rush a death to anything this is not a game for rushing True trading and mastery mastery trading masterful traders who trade I'll say it like that It's very boring We know what to expect I'm not getting in this until the fucking death candles and then I'll wait for a pop if the pop comes great guys It's as simple as this I'm gonna wait for a death candle I'll set limit orders once it happens right here I like the 50 mark right here right here and then a stop right here And then you can walk away you could go take a shit if you wanted you could go make breakfast That's how boring trading can be But how effective trading can be how wonderful and profitable trading can be within boring Is a lot of profit It sounds funny, but but it's true. It's true Uh c-pop trap like c-pop. Yeah. Well, you know the thing about c-pop like this on today Is guys higher lows higher lows higher lows right and it's ping pong ping pong with viva ping pong ping pong back through under over Back through over under death candle doesn't work death cannot none of these are really death candles, but they don't work So I don't like stocks that play ping pong. I don't play these. I don't I don't play these Look at that. This is a pre-market engage that maybe you do a morning like like a morning Scale and then drop cover. That's it. This is so wonky action. Dude. I hate looking at this. It's just it's chaotic This is like a bipolar person and then simultaneously Obviously the thing that you can really pay attention to one kind of like a macro end versus micro is Like it's just this fucker just does not want to break down, right? It's just kind of like that's kind of like a macro level of drawing You know dips that keep getting bottom up, but even on a micro level It's just it's just through and through and back and it's too much I want fluidity. I want clear. I want something that's clear and also yesterday. Look, it's like it's just I expected this today. So not my thing, but yes, I guess trap. It's more of a it's more of just a Instead of more of a trap. It's more of just a price action Um clusterfuck of craziness and as you guys can see Oh my god, this isn't rocket science. Tosh must be making some sense here Let's draw the first hour of volume Let's draw my famous line. I've never seen anyone did this. I've made this famous for last four years when we first started I might see draw a line at the 40 percent to 50 percent mark. Where does it test all day? This is going to be a trap stock If this were to fade off all day and just die and not trap you would see the volume Not breached probably this 25 the 20 percent mark 15 to 20 30 percent mark at most It wouldn't be hitting over these lines That is how you read volume my friends and that Couple with trend and everything else that you know in process is going to help you What's falling to him test test test test oh trap tank trap tank trap the action is wonky Uh, thank you t Bradley 90 half of them are quite expensive and low-key hence I do remove them from the ones to trade. However, those are the usual You know what sk? This is actually funny, buddy, but I'll say this um and and yeah man happy to help So me and alex have said this for years We would rather trade The more expensive and the less acquired The more hard to borrow a stock is because Because when a stock is easy to borrow or or the second part of that is it's not easy to borrow But it has very very very very cheap locates meaning You're really not paying for it and anybody can get the locate they tend to be a lot harder for shorts because Every dipshit with a trading account who doesn't know anything Can get in the stock so what happens when a stock is easy to borrow or at least unbelievably cheap to where everybody can acquire it what happens People are stopping out in two and cents and three cents. Oh my god the stock jumped. I'm gonna get out They're freaking out man. They're not traders. They don't know what they're degenerates See you guys are traders you guys are educated you guys go into The locate situation and I want the most expensive locate Because I know that only veterans are paying the most for that locate Travers travers like see now. This is my fucking m. I see pros. This is what I'm going along and getting you all you I'm trapping all you dipshits, right? Yes, correct, brother correct And this is the language that you guys got to learn The more the expensive locate and the more hard to borrow it is and the least Amount of shares is why you got to be quick Is the better now this is on a general sense So not everything is 100 of protocol that's set in stone But on a general sense, these are the ones that tend to fade easier. These are the ones the death channel These are the ones that tend to go lower and then lower and then lower because you need a lot of shorts to squeeze For traps for stocks that you know really gained momentum And when a stock is easy to borrow there's a lot of amateur shorts to get them out of their positions Over and over and over and quickly and quickly and quickly and it's snowballs and snowballs into an avalanche And everybody's covered in the avalanche And then sometimes you just get trapeze or nobody wins Shorts are stopping out longs are getting dumped on shorts are stopping out longs are getting dumped on bingo bingo bongo this bipolar shit And nobody nobody wins on a stock like this guys. Nobody wins on a stock like this This is just the shorts that one got stopped out the longs that thought they were up got dumped on Nobody wins in a chart like that They went in a chart like this Some well sometimes not necessarily everybody because nobody's really gonna probably anticipate unless you swung swung short overnight Um, you know something because this went into after hours, but you know what I mean It's more just this is fluid up all that this is a bing bing bing bing bing like The only person that makes money on this is bow Yeah, but you know even bowman sometimes man when you do short say like this resistance level and it keeps going You might get scared to stop out or even this one when you're like wow like because you might want to short that resistance level right here And then you're like wow 350 like so again bow uses a lot of risk with his channel trades But he's good with them He can kind of overpower stock every now and then bow is the one exception that gets profitable on trade like this Otherwise, this is kind of just a chop crap, you know Yeah Yep Nice sk nice. Um, yeah, man Yeah, exactly bro exactly bow is the one exception That's what I'm saying because bow is a channel trader Extraordinaire but even bow stopped out on this one as you can see he got in right there He stopped out But then he got back in because he could see it kind of stuff and then obviously like I was just saying Where he shorts exactly where you're sure I literally just said before I saw that chart Is this is where you short right here? But then see he was willing to go up to 350 not a lot of people would right So that's where you also got to have an understanding for risk and know what you're doing This is this is literally bow's bread and butter. He loves the channels more than anybody I've ever met In fact, I think if he could have one trade the rest of his life I think it'd be channel trading not because that's his most profitable wink wink if bow's listening It's actually low-hate group But there's so much adrenaline and fun in the channel trades and you get to do it all day And I know that's why I'm paying because he's I love it that would go after the art of this industry versus the profit first It does it takes balls to scout a scale like that absolutely and not everybody well, and this is this was my whole point um trade engineer that uh deem this was my whole point 1% of traders are making money on a chart like this the bow's or the people are educated. I see I'm talking Again, I'm speaking in generalities here. I'm talking your everyday dipshit who stops out two cents three cents These anybody with a trading account that doesn't know what they're doing. That's what we're talking about here Nobody makes money on the grand scheme of things um when you're talking like A general consensus Does that make sense because every new trader with a trading account has no idea how to read this chart or what to do 1,000 the 1% m. I see is the 1% that knows that you can actually channel and trade and scout these through whole and half dollar resistance areas resistance levels based on overhead and just the general channel that you're waiting for But when it comes to your everyday TD Ameritrade guy, he's getting smoked He no nobody in TD Ameritrade is making money on this stock today Like I'm like that's kind of a blanket statement. You know what I mean, but Yes, yes, correct And this would even be hard for some veterans You want fluid price action guys? You won't fluid damn a tea got cold I've been talking so long. I forgot to drink my tea man. I'm all hyped up over Verizon and sim cards Guys, do you have any more questions? Houseballs, I hope that's clear for you guys. I hope that's clear You just blew my mind with that volume turn. Yeah, buddy. I'm telling you every single day what you should do angel I'm gonna give you guys a homework assignment there. I'll use isic as a better example, right? Because this is actually the most clear example Guys, I'm gonna give you I'm gonna give you an example every single day. I want you guys from now on To do exactly what I'm doing if you have TD Ameritrade, you could do something similar in DOS You just draw like a square Just highlight it highlight it that is the morning volume Let's Let's draw a line at the 40. That's arguably you can eyeball it 40% level If it starts testing during the day and you're trading now, let me do a time frame Uh after the first hour so zombie hour to Obviously reversal hour, which is 2 p.m Eastern What you guys are gonna notice Oops It's actually Right there Yeah, Arizona times crazy We're like well, Arizona times crazy guys because like out of the year half the year the market opened for me a 6 30 But i'm in the half of the year right now We're at 7 30 because we don't do we don't do daylight savings. I don't know if people know that so Arizona Um half the year dude. I'm only two hours behind Alex or eastern standard time versus half the year being three. It's very confusing So i'm always like wait, where's reversal hour again? Like what fucking time from so 2 p.m Easter said did I even get that right? Yeah, maybe whatever. Um, but you guys just if you're trading midday and you start seeing You start seeing these tests of the 40 to 50 percent level You know that there could be there could be some action afoot or you know It could get choppy or choppy or crazy or and then if we go back, right? Um What was this what was the name inside ocp pop? Oh Okay, I always forget this one. It drives me nuts. Uh c pop c pop I always do an o first every time I see that damn ticker So as you guys can see you can draw the 40 percent line and it's just Of course, it's a trap all day and it's just crazy price action Vpa book by Anna coolings is a great resource tosh I asked myself always is the stock if the stock is so bullish Why are we seeing these upper wicks and compare the spread from previous candles on the five minute understand the market anomalies? Yeah, the thing is the thing is instead of getting crazy sk on like so like every specific of a stock The the three things I want you guys really paying attention to in the beginning and and this works on every chart Is who is stuck like how much overhead right? That's the general who is stuck What does the volume look like? And also What's the trend like what's the trend like where's view op in relation to the trend like i'll give you guys an example What or um, what was that one? Uh, I think was was it pixie this morning? I think was pixie. Yeah, here's a good example, right? Okay, when a stock is very fluid, right and I talk about this weekly when a stock is very fluid Under view up and you don't have ping pong action like c-pop. I almost said o-cop like c-pop What you get is a stock that's trading way under view op and it hasn't done back and forth back and forth back and forth The ideal situation is it to pop to view op and then you get a short on scaling to the next resistance level probably arguably 220 But like if you get that view op pop, that's where you go But if stock is opening close to view op or on view op or playing ping pong the whole way like c-pop What you're going to notice is that they pop considerably more See because now it's opening so close to view op what you guys should be noting Is now you short at the previous resistance levels You know like these are the levels right like this is the levels of previous resistance because this this support became a ceiling on the way up So now it's like I need to hit outer lines Because it's playing ping pong with view op all premarkets doing this bipolar shit That's just not giving an edge to something so fluid you either have a fluid stock or you don't It's kind of that simple man. It really can be a lot of the time And sometimes it's very fluid And sometimes it's not and here's the thing about anything that's really strong going into the day You know that there's probably going to be a rush of anticipatory sheep or buyers or A pumpers because anything that's super high they want higher They just do so don't act on this until you get like alex said your confirmation Dude, obviously the quick guy that's like, hey, man. I just got to be quicker than the other sheep I longed at 24 24 0 5 and I used a market order which he filled fucking 26 22 The point is you have to be too quick to make this money and that's just not treating that's just kind of gambling That's just kind of going with the flow. That's like the Verizon guy. Just he's half dead inside. That's a zombie He has no plan of action. He's just trying to beat the clock You want to wait for the confirmation? So if a stock is way over view op and it continues wait for that top out This stock was over view op. It wasn't under it didn't play ping pong It was probably gonna launch it was probably gonna see some real fluidity some some real action in the upside some real momentum At least quote-unquote continue the trend. It's on Hey, what a revelation. I say going straight up in the morning before the death candle Continuing the trend who was on overview up candles getting bigger being bought like literally candles getting bigger people getting stuck um What was the other one that we were talking about? pixie overhead pre-market not a crazy amount of volume not much life didn't even play ping pong through view of oh What a coincidence it didn't do shit all day or a bled It continued trend it continued the trend it was on Stocks continue the trends that they're on Unless they pull a 180 on you. That's why we have a stop loss in place. Otherwise trends continue to trend And i'm winded Guys are killing my voice man Or maybe it's just me sometimes i bring too much passion in and then i'm like damn i'm wiped by the end of it I get too amp dude. I love talking stocks Guys any more questions? These are really good questions. Amen. I i'm really glad we recorded this one today because these are These are some sick questions, man You guys doing good if you got more shoot them shoot them don't be shy I got at least 20 more minutes that I can sit with you guys Before I got to go uh beat up apple and complain about their greeter who doesn't want to help people Now I actually have an appointment this time Yes, seriously Um, yeah, you can angel Let me tell you something algos are in this shit all day after the first hour It's it's just an algos sesh all day and the algos that you can see in price action are the channels That's what the algos are right and specifically when you see something like Institutional ownership and all that stuff you're going to see it in the charge brother like c-pop. It was probably super algo driven um Because it's just this like dude these stocks that like are not super fluid you can tell they're algos But there's algos everywhere man. These every stock has a crazy amount of algos these days. It's nuts What's the best practice to minimize emotions when trading towny tony tony tony? That is That is a very loaded question brother because Everyone is so different my god everybody is different and what I think Is going to help another might not help the next but on a general consensus Yes, I was going to say travers on a general consensus the number one thing to do is to size down And to do wider stop. So you're correct there brother But if you're talking about like the best practice that's not necessarily trading related I mean Like I don't know classical music drink a big water take a deep breath like put some heavy metal on what relaxes you What's going to get you to not be on the edge of your seat? Like you're watching sandro bolec and gravity and on your high emotion and you're off kill You know what I mean? You got to keep that gyroscope in your body and in your brain on On the correct path and the best way to do it when it when it's actually trading related Is just always have a plan And to size correctly Which I would actually change that travers to not size down size correctly Because it goes both ways right if you're size too little you your emotions might be fucked up because now you now you You you may have fucked up your emotions because you fucked up a good trade because you're not sized appropriately Or you really messed up your emotions because you are sized too much and now you're just losing Like like does that make sense? So I at the end of the day guys, it's all about planning. It's planning your size It's playing the trade. It's planning everything about what you try to do and that's That's the number one thing to focus on is I don't want to wing anything The the number one people they get their emotions All crazy or are always on adrenaline and crazy emotions are the people that just shoot from the hip Throw random darts. Do not plan. Do not read the watch list. Do not go in the main chat read commentary. Do not Just have a clear path and vision for what they should expect in today They're just on the edge of their seat 24 7 or sized incorrectly Yep How long before you cancel fantasy orders after opening assuming nothing is popping on that ticker 10 minutes after open No, sunny. No not at all brother The first half hour I give it time In the first half hour my plan shoot according to plan with the fantasy orders are the broken trend. Yeah unless arguably Arguably unless there is a teleport candle and it's very weird Like sometimes men you reactionary take your take your fantasy orders off or whatever because it just doesn't feel right And a lot of this industry has bowed told me a long time ago Is sometimes you actually have to be guided by your gut And if you have a really shit feeling of like, oh my god, like I actually had a plan for this But it's not it's rare, but it's not feeling good. I actually cut the orders And and sometimes it saves me. I can't tell you how many times over the last eight years It has actually saved me But then sometimes I was a pussy and then I did lose out on money because I canceled my plans It hit them and then I was like, oh man I was not strong with the force that day my friend Having a plan in place knowing how much you lose if the trade goes against you is the best way to control emotions. Correct Edge stock, correct 100% it's plan and it's sizing correctly Another thing that helped me was putting away my p&l window and and and not looking until I'm done it and out of the trade See that edge stock is only 50% of the time because while that actually helps you There's a lot of traders that are going to freak the shit out when their p&l is not on their screens Like when they actually don't have access to it and typically Typically I will say those are for the people using a crazy amount of size Yes, if you're using a little bit of size or under you can definitely take the p&l window box out And it's even easier to calculate the money or either up or down But I have noticed there's a correlation between people who use really big size and then minimize that box are shitting their pants Yazard Question on youtube Edward what makes embot a good trade day one like alex takes on the daily Seems to always Take a day. Well, this is not day one though. Edward. This is like day three of the run So if we go to like a 30 day chart, this is day one, brother And then we just either wait for death candles or stuff moves on day one But if it's but if it's broken, this is day three you want outer lines So so like you can you can just put on your pivot lines So let me add the pivots You can just do your pivot line So this would have been the area to scale because you never hit the bottom pivots That just doesn't even make sense you're a chaser. So you would hit the outer pitch So you would wait for it if it did pop to these levels That's that's how we do something like embot or a day one day two day three It's as simple as that brother any more than that is just kind of over-complicating Makes sense T Bradley 90 of knows that many of the low hanging fruit do pop later in the day And fade from there on a low volume. I was told to put the orders on the outer lines only but these don't But these don't go That far but they do Yeah, the thing with the thing with low hanging fruit guys is like something like this So like I'll just put the pivot points back on if I was looking to short the outer pivot on embot Which is the case you want these outer pivots if it doesn't hit in the first 30 minutes I'm not interested anymore. I don't care if it hits midday or end of the like I'm not getting into this because it shouldn't Be hitting those levels that late in the day. Does that make sense? It shouldn't be hitting those levels But if it does in the first 30 minutes, I'm interested and the quicker the better on these things because it's usually a pop It's it's like a cash grab. It's like a it's like a pop and go It's it's almost like you know what it is. It's almost like hey, man We've got to make a bank robbery. Let's do this as fast as humanly possible It's gonna be more and more effective. Does that make sense? I don't I don't like these bank robbers taking their time. They're gonna get they're gonna get arrested If that makes sense Yeah, Edward, I hope that helped buddy Uh sk. Yep answer your question Yeah, that's a great question though. That's a really good question Any more like that Outer lines or I miss the trade. That's my bible outer lines. I only want to trade when I'm comfortable It does help though guys that I'm always like Invested in like a swing trade. So like my p&l is fluctuating 24-7 whether I like it or not because I have swing trade accounts. So I always feel immersed in the stock market There's never a day where I don't have a play because I'm always in something So that does help with that. It's not something I necessarily recommend because it's like Um, you're just always getting your fix, but it is something to think about it really is and that makes me more Selective on like a day where I don't have a perfect low hanging fruit or a perfect death candle or a perfect Day training situation because I got a long-term expiration options trades going on. I got 30 tech accounts I like, you know long like whatever, but but there's always skin in the game 24 7 When you have many many multiple training accounts like I do and different styles So it's just something to think about it's not even a recommendation It's just something to think about and it has helped me over the years To be way more selective with what I love to trade in small caps because I'm always in I've got my fix We're professional degenerates Okay Travers what is the psychology behind the low hanging fruit pops on day two I could only think maybe overnight shorts covering at 9 30 to pop it up not sure if Not sure if there is one set reason there's no one set reason brother But what it is is so like this is like a day two right? Hold on. Let me expand this Here's what you got to know. These are the number one things that you got to know about a day two play Day one is the major catalyst move. This stock has not done anything for a little while and now it's up This is day one of the move. There's a new catalyst. You go to the news There's a new summary of why ticker x y z or abc or btc Um is up. This is day one. This is a catalyst Now by the end of the day one the stock is either holding pretty well Or it's not and by the time the market opened on day two, which you can see right here The shaded is pre-market then after hours pre-market and then after hours. Um, and then this is day one. This is day two So what you can see Is if it would have stayed up here. Let me draw this If this stock would have stayed up here and held its gains overnight and into pre-market This is actually troublesome. I don't want a piece of this anymore for a short. I really don't But when a stock gives back a huge majority of gains by day one What you have are people losing hope in the stock Now two things happen on day two in my opinion as i'm not honestly a hundred thousand percent sure on this But you do have shorts covering The shorts that are in the money and you get sometimes you get like like you see these immediate spikes like obviously like this But you see it more like in the immediate open shorts covering And just a general honestly, I hate to say it lack of a better phrase But just dipship buyers who don't know anything they go this great stock ran from five dollars to ten dollars day one Guess what i'm getting on a dip. Oh my god. I'm gonna be a millionaire by the end of day I'm buying it at seven. It's gonna go to 10 by the end of day maybe 30 by day three This is the mindset and then when it jumps and then drops It's because there are so many resistance points of sellers of people who are stuck On day one that this just has almost no option But to just crater anytime it really pops if it's got this Massive overhead and stuff that does like even this midday pop Which I wouldn't be shorting because it's past zombie rule But as you can see it's just there's so much volume And if you have a volume profile like on dos or something and you put it up You can see that the majority of the volume is right here stuck It's going to be right here. That's where all the action was right. It's going to be probably right here So this level let me move them This level of this level has the volume So anytime it pops up, you know, obviously there's resistance points everywhere and people really are underwater But damn do when it pops up with these levels now you really got sellers happen two times Once down once down But in the beginning you have people who are just hey, man, I'm in this stock's gonna go back to 10 again Let me buy oh shit ran into a wall of sellers or shorts covering and obviously when you cover it it becomes a buy Selling off the old chick and hunting down the hot chick. Oh, yeah It's a way of life Dean. It's a way of life Oh boy, you're getting in trouble from HR if she's listening um Yo, what's up ass born? So I hope that makes sense guys with oh and and and just here's a general thumb like I said with Pivot points is this is your guide for day twos or day threes. Where do I want to be shorting? So obviously this is going to be set for the day three because we're on day three But as you guys can see this is the line where you have the most comfort now Yes, you can short into that level So you actually could hit 860 if you're willing to scale up to nine But you can do what a lot of us do at m. I see the line of line Wait for just before the line on the line and over the line And if they're far apart like this is if you're wrong cut it immediately and hit the outer line But it's outer lines It's pivot points. That's your guide on day twos or low hanging fruit something that is broken down heavily Opening very far under a day before that was strong or a day. You got it day one If you guess that correctly Yeah, buddy Oh, yeah Yep Wow spy man just freaking strong A little bit longer guys about 15 more minutes. Well pivot points are just Pivot points are just very specific brother for day twos or day threes like this is what you just want and let me remove There are points of resistance that you or support that you should really pay attention to based on how the stock is doing So like I said, they're not made really for a stock that's like strong Like you can use them, but it's really for the not the pixies. Um The um, what was the stock that we were just on? I swear to god, man, my memory is so bad Literally, what was the stock we were just on? I'm losing my mind Was it Oh, no, no, I said, um, what was the one that was the day three not c-pop. No, no, no, literally the one I was Oh embot. Thank you I'll lose my mind It's made for stocks that were forgotten about if the day twos and day threes So it's it literally this is where you get the most use out because a day one is um a day one Is you do the normal identifiers the normal process of trend and confirmations of stuffs and death canals and just Outer lines based on where the stock is opening per v-wap, but when it comes to you know These are just the most perfect resistance levels on a broken stock that tells you where the massive ceilings are It's as simple as that sk. It's as simple as that or who asked that whoever asked that Chuck Hey, thanks, man. Happy to help If you don't have pivot lines, uh, Joe Kelly shared this google doc that creates the lines and calculates them for you guys This is specifically TD Ameritrade So we have a we have a video in the chat called setting up lines where you can get this on your TD Ameritrade I only use these for charts. This is obviously not for trading. Yeah, happy to help chuck Um, this is definitely not for trading If anything swing trading count with TD Ameritrade if you want to but but this is guys This is this is not for day trading. So you want to put your pivot lines unless you've been addicted to TD Ameritrade charts for eight years like I have and just can't get rid of them. Um, you just put on your docks It'll look pretty similar should look almost identical But this is just specifically, uh, TD Ameritrade I've just been with that. I I it's like a cult following at this point They're not the best out there, but I'm just so in love with them that Simultaneously, you can have your docks open For execution boxes with level two because they're level two's dog shit. I mean their level two guys is like, oh my god I I can't even read this dude. Like it's all freaking blue. It's not differentiating colors I've actually reached out to them over the years and I was like if you guys want to actually attract day traders eventually like get your level two right Dude, seriously, that is the saddest excuse for level two. I've ever seen coming from docks Like that's crazy I I do my I have to squint my eyes just to differentiate the print the colors But it's but again guys is TD Ameritrade is not made for day traders. They're made for long-term investors I've asked so many times just different colors. That's funny. Yep. Yeah. Thank you. Thank you, SK pivot script for TUS perfect Uh, Chuck, it's like knowing there's a girl that would treat you better, but the second Hey In case I got HR and listen, I can't comment too much She's gonna roast me We joke of course guys, but it's just one Tay would kill me if I rant on that Yeah, man And everything I've talked about today guys, let me go back to the announcements channels Everything I've talked about today has a really good Description in my process. Just go to announcements channels and just download this If you're new what's process in general, what do I look for, you know, what's a good explanation? What are some good examples? This is a DASA execution chart C not TD Ameritrade And then, you know, like I said ping pong, you know outer lines right in resistance levels ping pong and also This was kind of a day two because if you look at something like this I know it says a day one but anything that runs After hours guys is a day two in my eyes So I treat them more like a day two. So this was like an outer pivot line that day that I just coupled with playing ping pong Outer lines. That's what I wanted Um, this was something that I talked about fluid charts all day This is an example. I tried to give an example of everything I talked about today in this It's like stocks, you know, not playing ping pong through view op. It's got a ton of overhead It's really kind of forgotten about, you know, it it ramps up and does a long journey to view op That's where the short is that's the outer line same here same exact here And then I followed this down. I was more aggressive back then I don't do too much following down anymore But as you can see simple death candle play reactionary trade just wait for the death candle same here Just give you guys an idea, man. I've you know, wait for the stuff move before getting in on the pop Wait for a top I try to give every example possible day two again You know, where's the volume stuck outer lines probably coupled with a pivot point to 22 mark 2250 Same here. Yeah Oh, that's where I got that photo Yep, none of this is investment advice, but just a guy to use daily and then here's things like this, you know, like Like here's some shorting rules no shorting frontside day one very good That'll save you a lot of headache a lot of stuff a lot of good stuff We give it our all at m. I see you guys I think you're gonna get a lot of value if you become a member and check out our content You know, what's gonna what's gonna help you and things like that? Uh, let's see. How do I get pivot points? I'm using tea. Ah, dude. I have no idea sonny. I'm sorry, man I I I don't personally use tz. Uh, so I don't know brother, but I I'm sure you contact them if they do have that option Um, oh sick. lb. Just said it's a simple calculation. So nice Hey, maybe a maybe a tab partner situation going on here, but guys, this is the power of the community So just DM each other and get help like this is here. Here's a general rule of thumb Guys go to the after hours channel anytime you really need help. It's not just me bow alexa or mod type in Hey, who's got experience with blah blah blah like can you help me? Can you answer this quick guys? You have so many members to help educate you help you Whatever it is. Nice. Tom diesel sent out a shut the Uh, what looks like Gizawa, I have no idea how to say that but nice It's just fun, man. You can network in here trade traders zero zero made five g say nice job You know wire out accordingly Another website to calculate pivots easier. There you go. Yeah I mean, I wouldn't even think about too much about pivots Just once you get them on your platform just utilize them because the mic process around them works Not so much of why exactly is this line here and this and they work man. They've been working for bow for 20 years In pivot lines, we trust tyler durden style Do you guys have any questions on youtube or chat any last minute questions? Anybody on youtube don't be shy if you do have questions about signing up You can obviously text me or anything like that I'll answer your questions get you started in the club. Um, maybe running some promotions. So just text my line. We'll see Case by case by case case by case because for someone who wants to upgrade to lifetime That's been in two weeks versus a guy that's been in seven months. That's obviously going to be a different case, right? It's case to case Yep But as you guys can see man 2022 is going to be awesome Tosh, did you watch bull turn him yet? I I have not what's that buddy? Wait, is that that is that the comedian? Is it bill dirt? I have no idea what that is Dude for the last three days. I've been trying to figure out this damn freaking phone man baseball baseball movie Hold on What what you talking about with us? How do I not know this? bull durham Bro, I don't think I've ever heard of this movie before Is it kevin coster? the fuck Oh my god That's crazy, man. How have I never seen this before? Is this good? Dean I'm getting there too pal Sonny the new spider-man was dog shit, dude. Oh my god It was so bad. I was like depressed after not because I was like so letdown by the movie Yeah, I literally like the entire movie was like I have I'm wasting my life. I have to get out of here Sorry, chuck. I hated it unless you're talking about bill bull durham the new spider-man Dude, I will check this out immediately bro. Is this on netflix or something? Let me see. I hope so Where can we view this? Maybe who nice I have like every streaming platform possible man literally if there's a streaming platform. I got it So I'll find it somewhere. I'm gonna watch it tonight, man. Awesome Dude, the new matrix was so sick. Oh my god. The new matrix is Dude, I'm a diehard fan of the matrix is for two reasons Um, I know like I'd celebrity name drop on here. It's just funny man. My family knows so many people We lived in LA most of my life Um Trinity the actress who plays trinity is one of my mom's best friends for the last 40 years before she even got matrix So like I've got kind of like I'd literally like I was held by trinity as a baby like more times than you can count Like they were family friends. So, um, you know carry on moss Um, so I love those movies in support of like a real like family friend. She's kind of like an aunt to me But outside of that I just grew up with the matrix trilogy and I love it so much And dude, you you gotta see the new man. I think it was so beautifully done. I loved it, man Alex loved the first 70% of it. He was like, ah, man, I don't know the end dude, but Yeah, bro, one day she offered me this white pill and I was like this doesn't look like a matrix No, I'm kidding Trinity what the fuck this looks like molly not the not the red pill No, I'm kidding Yeah, dude, they are the wachowski sisters. Yeah, not the brothers anymore. I'm crazy, right and only lana wachowski did the new one um Because of a family trauma crazy stuff But you know, I I really try not to judge like I'm like, hey be you um as long as you don't hurt anybody But yeah, that's that's kind of crazy. I've never heard of a case story where both of them convert like brothers to sister It's kind of crazy, but hey gotta live your life, right? um Yeah, so, you know, we kind of just every now and then talk movies and stuff guys's fun podcasts It's just a way to kind of bent and uh, if you have any more trading questions I got five more minutes, but other than that we can just kind of end on some movie talk I I think this was a pretty pretty informative Webinar today, man. We talked a lot of stuff low hangers day ones Uh, you know pivot points confirmations basically everything how to get started Never heard of brothers together Yes, seriously Yeah, man new matrix was awesome The only reason why I didn't like the new spider-man other than like one or two things from it, which was really cool The only reason I didn't like it is because I just cannot stand an adolescent spider-man and I know I know I know He's supposed to be like 17, but dude hearing the banter between zendaya Who looks like a 12 year old and then spider-man peter parker. What's his tom something? um I like toky maguire spider-man. He's older. He's an adult. I can't stand the high school bickering bullshit I wanted to claw my eyes out the minute I hear these kids complain about Kid stuff. I'm just I feel like an 80 year old man in my body. I don't want to listen to kids That's just me though. That's just my gripe with it. But again, if you like that stuff, it might be a great movie for you Oh my god, dude spider-man vs matrix matrix every day of the week Even though spider-man is my favorite and always has been my favorite superhero But I loved the toby maguire ones back in the day because it was new. It was fresh Nothing like that had ever really been done and it was very adult like as kid as it was it was adult It was adults playing the roles and even andrew garfield was more of a kid when he did his version of spider-man But again, andrew garfield was an adult the kid was like 40 years old Or like 30 years old when he did the role or something like that maybe 25 I just When you have when you have a 17 year old in high school talk about high school things I can't do it man. It's it's bubblegum spider-man and I hate that I never watched the witcher bro. I probably should get into it. I don't like super grotesque movies Scary. I don't care action. I love all that stuff But like it's just gross dude like i'll be eating dinner watching the witcher the witcher and I don't want to eat anymore It's like it's like popping texas chainsaw massacre on it's like god. Do you want to lose my appetite watching all those blood and guts and shit? I'm not really into gore, man. I'm really I never have been That's a tough one for me But I hate do you? Yeah, man Yeah, that's fun. That's funny that my my my my sister is obsessed with Like and her husband. They're just obsessed with that witcher stuff man They they even listen like the the uh the books on tape and audiobooks and stuff Like I lost interest in superman with the new actor beloved batman when oh, do you know what's interesting, man? The new batman I have no excitement or for but no like judgment I just want to see what happens when it happens with robert patinson because he's a good actor um and like colin ferrell and all those guys but like I have like i'm not excited for it But i'm not going to judge it like i'm just going to go see it and have an opinion after I see it But it's curious. It's definitely curious Guys let's end here because i'm absolutely winded my freaking My voice is hoarse, but let me tell you something man. I hope you guys got some value out of this webinar today Um, I definitely I love all this talk about movies and stuff We'll do this next week if you guys have any last minute questions You can obviously just DM me if you're a member if you're not a member This is the perfect time to sign up for m-i-c guys. We raise rates every year We're changing things alex even tease the fact that one day we're going to get rid of the annual and just go lifetime Unless you're already a member of course We don't kick people out and then not honor their grandfather price But if you're looking into coming in at m-i-c right now I'll hook you up on the annual of the lifetime so we can lock you in and and uh, let me just be clear for anybody out there Who's wondering um Anybody who's an annual what the grandfather means guys is whatever price you pay now That's going to be auto charge the the following year So obviously our annual is 4k, but not not everybody bought it for that because they may be waited for a black friday deal or something So if you get locked into an annual, um deal at whatever rate that you paid That's gonna that's going to be the next year and that's going to be the following year So you're always locked into a good price and you're never ever ever going to get eye gouged Because we raise price in the future. That's for new members That's for people who miss the boat on taking action And like we do, you know, we always rise because we are like the spy We're a good stock basically and we provide a lot of value. So um, and we give you guys time So just know that you know price raising may be coming in 2022 It's gonna be a great year for all of us But if you're already in you're already on a plan guys, you're good. You're secure. Don't worry But if you want to get in now, there's probably no better time and guys Here's the new year man, but next webinar i'll be giving it will literally be in 2022. So I love you guys Great webinar name and thank you for the support and we will do this again next week guys. I will see you next week