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It's Tom Diesel here on another weekly video for you guys. Hope you guys had a great trading week, you know, this week and, you know, also a wonderful weekend as well. Today, I'm going to do a little bit differently from the previous videos. I'm going to go over one of my trade that I took on Friday that was a losing trade and you guys probably have noticed that I post some red P&L in the main channel as well. So I just want to go over that quickly and also there are some, you know, a few of the important topics that I would like to kind of address, you know, on that as well. So let's get into it. Yeah, so my, the ticker that I lost on was INO. I kind of traded this in the pre-market because why did you do that? I'm just going to bring the chart, you know, up real quick here. I mean, the stock was pretty extended for the last few days and basically, you guys can see it went from, you know, it was like June 22nd from 14 to like, you know, almost like 35, you know, 32, 33 here. So you have one day, two, four, five. I mean, it's, you know, to me, it's pretty overextended and also the volume as you see coming in is like, you can easily tell that those are people longing the stock or like chasing the stock drive up the momentum, right? And so for the first red day setup, we want to see the overextension like this instead of, you know, just like one or two days is not even extended enough for me to kind of interested in that move. So I kind of waited, you know, for the stock to run up like that. And it's been one, two, three, four, five days, and it was pretty overextended to me since like 15 to like 30, so it's like 15 bucks there for the drop, right? So and so that's why I kind of anticipate the first red day move a little bit in the pre-market and knowing that Friday was the day. I mean, my thesis is, you know, was correct, but my executions are for, you know, are really far from, you know, from, from the best or like a far from, from being great. So I just want to go over with that with you guys and so that, you know, hopefully you can, you know, pick up some lesson from this or so about the first red day, you know, set up about the pre-market trading and also how to deal when you kind of miss your entries, right? Usually what you do after that or like what I did on Friday, like I was frustrated. I mean, technically I didn't chase the entries, but, you know, it's just like I felt so down that my thesis was so right, but I couldn't execute it, you know, it well and let it, you know, slip basically. So I'm just going to go over that in details with you guys and hopefully, you know, it's going to help. So yeah. So I posted this one in the main chat on Friday and regarding about pre-market trading. Okay. So what do you think, you know, what, like a lot of people, a lot of members are asking me, what do I think about it? I mean, pre-market trading, I mean, the concept here is pretty much the same. As long as you have a plan, as long as you have predefined risk, right, like you're going to do, you know, well, but keep in mind that in the pre-market, you can't, like you don't have a hard stops, right? So all you have to do is to stop out on time, you know, being able to hit the limit orders, you know, to execute it, you know, when the stock is popping back up. So, and because you cannot use a market order, so that's why. And I posted this one, as you can see, I was anticipating the move. Yeah. So 7am, you know, I'm using treasure. So it opens 7am. I saw it was popping here, you know, rejects and popping back here. This line again. So the moment it kind of rejects to this line, I shorted some here and risking over just this line. So it's like 33.8 and my average was here, like 33.58, something like that. I was basically risking like, you know, maybe 20 or 30 cents here. And right after that, stock wash, which is, you know, confirm my thesis, right? Wash down here, you know, and I saw these rejections through view app. And I said, all right, so the green to red move is on 31.25, right? So I was hoping for the stock to kind of, you know, wash down here more and then pop back and then continue to fade in and maybe a big wash at open. And so that was my thesis. And as soon as stock cracked this view app level, I was pretty confident that, okay, so my thesis is kind of work now. Maybe I mean, you know, it's still the first red day anticipation because it's not even, it didn't even went red yet, right? But had a big wash, you know, I cover some here. And when it stopped kind of trying to bounce back here, I said to myself, okay, so I'm going to add back all the shares I cover here as the stocks, you know, continue to fade more down here, maybe crack this line. I probably, you know, this is, you know, pretty much the same as also equivalent to the green to red kind of line. And if it cracks, you know, under that, I'm going to add back more onto that pop. So that was my thesis basically. But since I was trading a premarket, I had, I need to have a risk in place, right? So whatever I do is, you know, I had a good entry here, a good average, okay, I'll cover some here, add it back here. My new average now is around like 33, 22, something like that. And it was like, you know, well above view app, so right. And to me, if the stock breaks this level, probably my thesis is no longer valid. So that's what I did here. I tried to add back and stock couldn't do what I think it would do, like fade down here more instead of pop like that. So I just ended up covering the rest and for break even basically. So that was the first trade of the day in the premarket. I was up, you know, like small here. I mean, that's, that's fine, right? I didn't lose any money, but I had a plan. I stuck to it. And you know, I was pretty happy and that was it. But the biggest one came right after this, right? As you can see, like this one, right? So after I got stopped out here, yeah, I just want to again emphasize on the premarket trading one more time. The premarket trading, okay, guys, if you knew, don't try it. Because you are not used to the volatility in the premarket. I mean, sometimes it could have a news or like, you know, catalyst, something like that. And the stock could really pop like crazy. Let's say this one VXRT and especially not on the day one, right? That's why we don't recommend trading premarket because of that. I mean, look at this move, like it was like a AM or something, right? Stock is like a wick here a little bit, right? Crack through view app, pop back here and you're thinking, you know, you're shorting down here and expecting, you know, move down here. I mean, that's, you know, the thesis is okay, but you have to ask yourself, where would you like to stop, right? But you know, if you not fast enough with stopping, I mean, look at the slippage you could get, you know, from 8.2 all the way to 10. There's no hard stops in premarket trading and, you know, daily max loss. I don't think they will trigger in the premarket as well. So basically you pretty much, you know, done, right? And instead of waiting for the market to open and put a hard stop there. I mean, yes, you can put a hard stop here. So if it pops like that, it will stop you out, maybe with slippage somewhere around here, but that's fine. But still the hard stop is there to protect you. The max loss is there to protect you as well. But in premarket, you know, like you have no sit belt, no airbag, nothing. So you have to keep that in mind. If you still want to take that risk, I mean, I would prefer it for more seasonal or like more experienced trader to kind of do it instead of someone who's just, you know, been trading for a few months or even a year. Yeah. So that's it for this week, guys. I hope this video helped everyone, guys. Take care.