 All right, what's up everyone so today the Dow Jones was down almost 2,000 points The market the entire market was halted. So this is actually the first time that I've seen the entire market halt What ends up happening is that the S&P 500 is down 7% on the day the market gets halted for 15 minutes if the S&P 500 is down 13% on the day it gets halted for another 20 minutes and The S&P 500 is down 20% on the day the entire market is closed for the day So today when the S&P 500 was down 7% Every single stock in the stock market was frozen. It was actually really cool to see so There's a couple things that we have to pay attention to during these markets, right? So an increased times of volatility increased times of fear. We're gonna get extremely abnormal moves, right? So you're getting stocks that are going crazy all these market ETFs bullshit this and that It's a very very fast way to blow up and you know There's a couple tips that I want to give you guys to help you stay safe During these times of extreme volatility number one, which is always the most simplest is never hold anything overnight There's way too much headline risk in this market. There might be another 100,000 people that die from coronavirus tomorrow There might be a hundred thousand people that get cured tomorrow. No one really knows what's happening So holding things overnight is extremely extremely risky in this market number two is if your niche is small-cap trading and you focus on garbage companies like I do Today when the market is tanking is not a day to go experiment with large caps There's hedge fund managers all over the world panicking and bugging out on days like today and chances are you're not gonna beat that Right? So on days where there's extreme market volatility on days that the market is crashing The best thing to do is let the experts deal with it. Let's see NBC talk about it Let the grandmas and grandpas worry about it while we focus on what we do best which is finding scam companies and betting against them so the thing about a market tank the thing about when the market goes down like this is The most important thing the most important thing is proper education If you don't know what to do in this type of market You will blow up literally in one day, right? If you are shorting the wrong leverage ETF if you are buying on margin if you are holding shit overnight You have a very high probability of blowing up So in times like this when people are worried when people are panicking We are out here still looking for the same opportunities every single day I want to show you guys you guys see me post my daily P&L every day Some days it's 10,000 some days it's 100,000 some days it's fucking 300 bucks, right? So what I want to show you guys today is my small $300 day and explain to you guys that on days like today when the market is tanking when the market is going crazy I am putting my foot off the pedal and just trying to slow down so that I myself am not tempted to trade stocks That don't fit my niche There's nothing more that I wanted to do today than to buy a bunch of long-term stocks and hold them overnight and buy shit on sale But you know, I found myself kind of catching myself and saying that that's not my bread and butter That's not my niche. That's not what I specialize. So I don't want to really mess with that So the tips that I want to give you guys is if you are a small cap trader or whatever type of trader You are futures, whatever the hell it is when the market is tanking Do not step outside your comfort zone These are not the days to be experimenting These are the days that it is very very hard to trade and these are the days that if you do not have the proper education You will be blown out. You will blow up and lose all of your money so it's actually funny because we had a lot of people join MIC this morning and When I DM them and asked them, you know, what was kind of the reason they joined is because they're like, look I'm losing money and it's finally the time that I start to make a change and invest in myself And that's, you know, I think today's or today or this week is the best time to do it Because the market is going so crazy and you need to actually learn how to navigate these markets and learn how to Essentially short, which is what we do, which means making money when stocks go down So that's kind of the thing that I want to introduce the day with but on these videos This is kind of like my daily trading diary. These are kind of my recap videos so that I can go back and Review myself like a professional athlete. I could go and rewatch footage of myself like a professional so that, you know Again, when the next Super Bowl comes or when the next big thing comes, I'm ready to attack So if you guys don't know what that analogy is like, I basically explained to people that day-to-day trading of making a $100 day to $2,000 a day is basically my practice and me keeping up with my discipline So that when the big opportunities come like sector plays or any other type of virus play Comes that I am in full. I'm in the zone completely and I know exactly how to attack them So you guys see the P&L's of $50,000 but not every day is that massive today was just a normal $300 day and although it's lower than my daily average. I don't give a shit because I stayed to my process I stayed to my routine and I was rewarded for it a Couple other things I want to talk about is that I think it was last week that the broker sent out the tax documents so if you are a trader and You don't know how to properly file for taxes like deducting locates and deducting Some of your fees and all this stuff We actually partnered up with the CPA. His name is Brian Rivera and he's actually a CPA that is a trader So he actually did some of our taxes for MIC and now he's helping out our members with their day-trading taxes So oftentimes when people try to do it themselves like turbo tax or all this bullshit They end up missing key deductions, right? So Brian goes in and make sure that you conduct everything anything including your MIC membership So if you're interested in the MIC tax planning program, you don't have to be an MIC member for it but MIC members get You know special treatment. It's I think it's at myinvestingclub.com slash tax So before you go and take your broker statement and your tax documents to a regular Joe Schmo on the street Recognize that with Brian. You will get a lot of deductions and you will be able to save a lot of money on your fees And also you can deduct MIC and deduct a bunch of your trading losses. So That's that also what I want to kind of mention is on these videos I'm getting a lot of good feedback that people are saying that I should be talking more about Process and more about routine rather specific trades because at the end of the day one of the biggest mental Struggles that people deal with is improper process improper routine So these videos are meant to show you a day in the life of how I kind of prepare for the morning a day in the life of what we do so that we could make money in the market but also to explain the mental struggles that traders deal with so The market has been tanking right everyone knows that coronavirus is going crazy everyone knows that There's a lot of fear in the markets The news sources are pumping and pumping more and more fear because that's the only way that they can get ratings People like my mom that do all the shopping for most houses. She's the one buying Hey sanitizer. She's the one buying Clorox. So they're preaching and making them be fearful So that they kind of make purchases on a whim and stuff like that. So again, the coronavirus is very scary It's very it's not a good thing But at the end of the day people in this market are overreacting based on the news. So What I want to mention to you guys is don't ever listen to the bullshit that these news Articles are saying don't ever listen to any of that stuff because at the end of the day price action is what matters the most and right now Right now, although there's not much opportunity in the large cap world The small cap world is on fire. These coronavirus stocks are on fire. I was able to make 200 grand last month With not really much stress at all But that doesn't mean that every single month is gonna be that massive. So I want to open this up to Q&A for you guys I want to kind of make it more interactive Let me see if I can walk away from that house. They're doing some work on it Um So I want to open this up to you guys. What questions do you have? What specific questions that you have so I could kind of come in and help you guys because I get asked same questions all the time Like how to read tape and all this stuff But I want to make sure that I am Catering to what you guys are looking for because oftentimes sometimes I feel like I am Disconnected from the brand new trader. So Let's go through it guys. Do you have any questions for me? All right? Let me see I have some questions Well stock makes a new high five minutes before pre-market. Does he usually squeeze more towards the open? No cool There's I mean you could track that but that's not something that I Was really paying attention to Look at can you talk about your aim trade? So yeah, so in the morning I was actually interested in aim a IM and the stock pushed towards $5 I mean to $4 in the morning pre-market and then washed out towards 350 at the open, right? So It the open on aim I wanted to push towards $4 to be able to short but instead stock tank The stock went from 350 to $3. So in the morning I do what I always do I wait for the stocks to tank and I short the bounce today on aim I tried shorting the bounce at 330. I think I added some at 360 and it went way further than I ever expected But I use something called the 30% rule which limits my risk We have a ton of videos on this and I ended up losing $500 on the trade I covered in the three nineties and then when the stock topped out again and start to make lower highs I got back in with a little bit larger size as the stock was broken and I kind of just controlled my loss and made it a little bit smaller But most of my trades today came from my watch list. So every single morning I put out a watch list I actually made a free video watch list It's the video before this and I talked about NNVC on my watch list and I talked about APT on my watch list APT I missed the trade The trade was shorted when it was red and the stock got clobbered today NNVC my plan was to short it when it went red Instead I shorted the pop on it and covered way too quick. It went red and then tanked and I know I've been warning people all day and all week not to be shorting this thing and I'm pretty sure all the members in MIC stayed safe on it. So Although I missed some of the watch list place today I know a bunch of members that actually nailed it and it's funny because what people do is they wake up They look at the watch list. They play they place their fantasy orders. They drink their coffee. They let it execute And they make money. It's almost we've almost simplified so much and we do all the work for you, right? So that's the point of MIC is when you come in you educate yourself and we give you a plan We give you a blueprint. We give you a strategy that's gonna help you become consistent Let me see if I have some more questions Hey, Alex, how do you distinguish between your Frito days and the Super Bowl? Do you know beforehand or feeling out of the market a combination? Yeah, so that's a fantastic question, man I love that question. So see these are the type of questions that people ask when they have actually been educated And when they're actually putting into work, so that's fucking amazing. First of all, great job. Great question Now here's the answer You have to first find out the setups that you make the most money on right so for me I've actually found out over this year that the first red day is actually the setup that I tend to make the most amount of money on so For me what I define as a Super Bowl setup is that whenever there's a sector play It doesn't have to be a sector play But usually sector plays are the ones that pay out the best Whenever there's a sector play that's been running for three five six green days in a row Running from four to eight to ten to twelve to fifteen to twenty like these corona virus stocks did I am getting very interested in that right? I'm getting very interested as they are inflated prices They are prices that don't warrant to be At those levels so for me whenever I see a stock that's been running Parabolically and that's up a thousand percent in a week and that's been having five or six green days in a row I know that the day that that stock goes red is gonna be the first day that there's profit-taking on the longs And there's gonna be shorts that are more comfortable. So for me Super Bowl setup is when these stocks are extended extended extend up hundreds or if not thousands of percent up and the first day that they go red That's usually Set up that I've seen pay out dramatically for myself So for me waiting for those are the Super Bowl setups I use my maximum amount of size on whereas these day-to-day trades. I'm just using small size and just Practicing my fucking curls practicing my free throw practicing everything that I can so that when these setups come up I am in full training mode, right? I already done it so many times the only differences I'm gonna use more and more size on it So every single day if you practice your shots You're gonna get better and better and better and better and that's the whole point every single day I am here shooting and practicing at the gym Educating all this stuff so that when the time comes when the opportunity comes I am in full Focus and ready to attack so first is to find the setup that is paying you the most amount of money And then waiting for those setups to come and not using other setups as an excuse to size in Just because your max size is a thousand shares does not mean they use a thousand shares on every trade That's the point that that's something that I've actually learned from bow. So Remember that just because you have a max size does not mean you have to use it Just because you have a max loss does not mean that you have to use it But that is your guidelines for when the opportunity is there to attack it last week I made $50,000 on the week this week. I'm only up 300 bucks on the week So that doesn't mean that every single week is gonna be massive either just because you made a bunch of money or lost a bunch of Money in one week doesn't mean that's gonna be the cycle going forward So every single day I am showing up to the market and I am trying to show you guys that I am sticking to the same routine and the same Process every single day some days. I make a lot of money some days I make a little bit of money some days. I lose money, right? No one is perfect Although today I lost money on aim I made money on NNVC and that offset the loss and that's what's all about I sized in into the better setups and use less size on the stocks that I was not too comfortable in What does exactly mean about the first red day and how do you recognize it? Just go to our YouTube channel on my investing club in the search bar right my investing club first red day And you'll see a bunch of free videos on it How do you know when the stock will be the first red day you have absolutely no clue But apparently on I and O today again when it goes red, I just short it Anymore questions guys? That was a great question. I like again I want to open this up to you guys So I answer the question that you have because chances are if you have that question There's probably a couple other people that do so let's make this more interactive. Let's make this more about you guys I Ask yourself how much money have you lost today this week or this month if you cannot afford to join MIC chances are trading is not for you, right? It is literally five dollars a day to invest your education and there's members that are making five hundred to a thousand dollars a day Do you know anything about level three forget all that gypsy magic, bro? Level three level four level five. Who cares man? Just stick to the chart stick to Lines stick to the process For those of you that are in MIC Comment what you think about it right now so that people understand Any questions guys? Again, I've also realized that people like these videos when they are short and sweet so I want to keep it short and sweet Remember guys, this is your opportunity to ask a trader who is consistently profitable because we're doing this for six years Any question you want about trading and you're asking about level three I mean it's better than a crypto question It was so funny man last week I was doing one of these videos and I was talking about the coronavirus stocks and some guys like Yeah, but do you guys have a strategy on forex? I'm like bro I'm telling you we have a strategy that pays out on small caps and you're talking about fucking forex Like that's the shit that people don't get they are so scammed by all this email or voice or text message or bullshit, man Why would you watch to short? I know an aim and not opk and htbx? I was actually looking at opk htbx But to be honest, I actually have a problem that I cannot focus on more than one or two stocks at the same time Bow is very very good at trading multiple multiple positions at the same time for me. I'm not that good I know where my strengths are my strengths are to size into one or two setups more Rather than trying to size in a little bit into a bunch of different setups So for me, I like to focus on less my attention span really isn't that good So I actually find I do better by actually doing less Again, also one more thing is if you have any questions about trading or any questions about mic Or you had a good day or you had a bad day and you want someone to talk about it. You could text tosh Who is one of our mentors at mic? His number is 213 458 5997 It's not a collect call. It's not a telemarketing call He's actually going to be the guy on the opposite side of the phone So please text him do not call him the calls will not go through And this is very unique to mic. No one else offers this. So if you have any questions, just hit up tosh Do you have any FOMO from not watching? I know right now? Of course I do Of course I have FOMO, but I'm trying to delay going back to my computer Because I know that I'm going to have FOMO, but Adam what I do is again, you know, it's past 10 30. So I cut myself off So even if I have all the FOMO in the world, I cannot trade it and to me that is so powerful because what I tend to do, man Honestly, you have to be real with yourself and you have to be honest with yourself is I tend to gamble my gains away I get bored in the middle of the day I get bored as fuck and all I want to do is just keep trading and keep trading and I end up giving back I end up giving back all of my gains. If not more when I start trading midday so cutting myself off and making sure that I am Controlling my worst personality trait is what's been yielding to me making more money because now when I'm making $300 on the day. I feel like I didn't make enough I feel like I want to make another 700 more to get to a thousand dollars And then what's gonna happen is midday? I'm going to scalp around and I'm going to lose fucking money So I block myself out I patrol myself and now I've been making more and more money because I'm keeping the money in my pocket Walking away is very important in trading Imagine you're at a casino and you just made a thousand dollars Chances are you're going to be so high and so into yourself that you are going to keep gambling Right in trading when you make money quickly you try to push and push and push and you end up losing it So this is a way for me to get up and walk away from the table and it's been rewarding me tremendously Please talk about putting heart stops on big size. I mean shit, man I use heart stops on everything and the way that I explain to everyone is this right because you guys all understand from analogies, right? So The way that I describe a heart stop is this sure you could drive A Porsche without a seatbelt or an airbag, but what happens when you get into an accident, right? Maybe you'll never get into an accident in your entire life chances are you'll probably get into one accident, right? God forbid but chance are you get into an accident if you have no seatbelt and you have no airbag You are dead same thing in trading If there is an accident in trading if things don't go well, right? If you do not have a heart stop to protect you then boom your airbag is not going off and you're dead So think of that next time you don't want to use a heart stop What I see personally is all the successful traders in MIC are using heart stops and that's all that matters, right? Because today on aim Had I not Used my heart stop had I been using too much size I would have not been able to control the loss and that would have ended up causing me to have a red day In the beginning of a trading career Will you be scared to give back your gains when you were green on the first trade or how do you deal with it? Walking away helps me a lot man walking away helps me a lot because I know how to make money in the stock market. The problem is that keeping it is the hardest part, right? Let's say I'm up $300 today. I feel like it's not enough. I want to trade and make $1,000 I'll go back to my desk and I'll scalp around and maybe I'll make another 100 bucks And then that's still not enough and then by the time I know it. I'm ending and losing money So for me what I recognize based on my stats is that I make the most amount of money between 930 and 1030 after 1030 I have a very good habit of losing money So by cutting off my trading after 1030 I've locked in so much more profits I've controlled my trading losses and I've actually had Low stress while I'm trading which has yielded to better results. So although today I made 300 bucks I don't really give a shit because it's I stuck to the process and I was rorted, right? And that's all that matters. So I want to show you guys every single day that even when I have small days It's because the process yielded me those results, right? I don't even know how much money I make every month, right? I have absolutely no fucking clue how much money I make because I'm not focused on the dollar amount I am focused on the process. I'm focused on making the money and I know that if I keep sticking to that I will be rewarded So does that all make sense guys? The stock market is tanking the Dow Jones is tanking everything is tanking But here we are every single day still find a ways to make money and especially we are making money shorting So we're making money when shit goes down While others scam you with forex signals with email alerts text message alerts And all these fucking voice alerts bullshit. We are actually teaching people how to be consistently profitable And that's something that's really important You will learn how to fish here, right? My problem is whenever I'm green in my first or two trade I'm scared to place another trade if you're green on your first two trades, man Why are you trying to over trade right make your money and walk the fuck away, man? Make your money and walk away We have about 600 Free videos on youtube and I think we're close to 700 or 800 member only videos, right? So all the questions that you guys have are in the videos It's literally at my youtube.com slash my investing club So if you're asking these questions like what's a zombie move or what's a first red day? Gents is are you haven't watched it? And that's totally fine because at the end of the day the amount of work that you put in is directly correlated with your success So while you are sitting there getting high and smoking weed I am over here watching these videos because I'm the guy that's on the other side of your trade And if you want to be able to beat me to beat bow you have to learn right you have to learn And that's the entire point. So I'm gonna wrap it up here guys. Thank you for a great YouTube live again, if you have any questions hit up tasha two one three four five eight five nine nine seven And I will see you guys in the room. Thanks and have a great day