 Hey traders, this is Tosh I go by T Bradley 90 in the my investing club chat a general reminder for those who do not know MIC is having a one-year anniversary event where bow is going to be trading live in front of our members It's coming up August 17th mark your calendars as an added benefit for our members The event is 100% and exclusively free for annual and lifetime members While lifetime on top of that get extra coaching before the event and guaranteed front-row seating While most charged for these events We show our support by making it again free for annual and lifetime members if you are interested in signing up for this event DM T Bradley 90 in MIC slack chat and or email myself at Tosh at my invest in club calm Now we have a very special video for you guys today as Austin who goes by a loha trader in MIC chat Does his weekly Thursday at 7 p.m. Eastern Standard Time webinar in which he talks about MIC strategies market sentiment gives examples of his weekly trades and This is episode 7 and he's also going to focus on what is discipline in trading and While this is just a preview of the full-length video if you want to watch the full-length or any of our exclusive content Then we come in MIC member everyone always talks about discipline right like the almighty What is it right? You got to be disciplined, but like it's such a vague idea, right? It's almost like edge I don't like I didn't use to like the term discipline I didn't use like to turn edge because like it's such a fast word it with so many different possibilities What it means that like it's almost a whole state discipline. Well, that doesn't help me be red or green on the trade Right, like I'm trying to make money be disciplined. What does that mean? So I want to go in go into it What discipline actually means so a little lag there? All right So what we're gonna talk about I'm gonna talk about the key traders and I kind of want to like I Want to change this to key traders rather than just key trades Maybe it's just that's a summer like I'm having a hard time finding trades this week Not the case like I found a lot of trades this week for some reason But like there's I don't want to be one of those who guys who talks about charts that they don't That they don't trade right. Oh, yeah, buy here sell here. It's very easy You can't see all the charts behind me right like buy there But like sometimes there is stuff that I want to talk about like even if I don't trade it Maybe why I don't want to trade it or why you know, like stuff like that why I miss even let's get started. So ATOS, I think yeah, this one was today. Um, I traded this like a total like okay This was a swear word, but I changed it to jerk I traded this like a total jerk and what I mean by that is I just kind of like I kind of just threw like I've been kind of on a good streak or like trades have just been kind of working for me So I just kind of took that for granted a little bit. So I just like yeah I can enter here pre-market right before the market for those of you guys who know me I don't typically like to do that but the what I what I was um What I did at the open was I Know ATOS is a pig, but I decided to go and look In the front of message to see if there's anything new if I haven't checked on a ticker in a long time I like to go and check and what I found was that Um that they have a lot of cash right now and they Like they did have they did have some warrants. I think at like 405 Like high-priced warrants, but like their working capital was like 19 million dollars or something and their cash burn rate is like 2 million. So like they're not necessarily strapped for cash. It's not necessarily. I don't foresee like a huge of a huge dumpage going on at the open. I don't I'm not like As I'm not like anticipating that so that's kind of my mindset. So that kind of shit It's also like day one of the move. So I'm not really that stoked on the short BPMX so this one was a few days ago. Um, so this one was just a classic piggy shore It's not it's out of my comfort for the part comfort zone. I say comfort It's not that I'm uncomfortable with this range. I just don't like it So I don't do it up very often. So it's uncomfortable because it's not something I typically do but I Mean, I certainly not uncomfortable with the wrist but um But yeah, piggy short, it's a classic piggy short They had like eight million dollars to sell in their ATM They pushed it like they pushed it up here and I saw it was super heavy on the tape and a lot of the times Like NBY is kind of an exception Super super cheap stocks don't often like to run a lot like they typically can't find the mojo and Honestly, I think this is because Cheap stocks attract a lot of like one hundred two hundred dollar accounts, right? Like I Think it attracts a lot of cheap names like with margin because they can get people The percentage people are drawn to the cheaper stocks a bigger percentage I think somehow this kind of correlates to these never who work out because they're they're always full of like Robinhood traders, right? Yeah, and so CETX was a good one CETX was a was a good one today and this one was really funny because I Tried to get Joe to buy this with me. I tried We both joke Joe pointed this out in chat and I was like yes. Yes. Yes, and this is what I saw in this trade So what I saw in the straight is exactly what Joe pointed out in chat. There's 430 430 right here Is a nice top where especially when we get this slam here short This is a perfect risk level for shorts people thinking it's lower high the backside is in right the Everyone thinks that the backside is in it's simple stuff, right? Like it's hey, here's a slam and Everyone thinks it's it's over and what what tends to happen is when it doesn't continue to go There's this domino effect here as Joe is pointing out, right? There's 430 here 450 is a whole and half dollar I always count those even if it's not on the chart as a recognized level It's still a mental stop for everyone else and then so 450 and 460 These I mean and then we get another one over here, which is the level I decide to enter from It's 410 because people who shorted down here are a lot of times They don't want to cover and I know this from being a short though You don't want to cover into this perk here You don't want to cover into these perks. You're gonna wait for the perk to happen You're gonna wait for the stock to come down and if it ever gets back above that perk the secondary perk That's where you're covering. This is so many shorts mentality So VVPR what what day was this? This is the 24th. Yeah, this was like three days ago So you remember me talking about last webinar. This is something I'm always working on trying to improve my patience on my exits Well, I definitely improved my patience and you can see it worked out really well I bought here at like 210 And my goal was to sell from 260 to 3 that's what I wanted 260 to 3 and so like I get up here And 240 is actually the first resistance On the day we tried if you guys want to pull this pull this chart up VVPR had a huge day VVPR had a huge day and Actually, I can now that I'm doing it this way I can I can I can do this VVPR had a huge day back over here and 240 was the first resistance I remember Keeping that in mind like hey 240 is a resistance, but there's no like my thought process, but there's no way this is gonna hold This is gonna temporarily first resistant project Which is the kinds of trades that bow likes to really take advantage of this first resistance strategy, right? The first time it gets a little distance. It's gonna fail And so like it totally did like this is where like bow shorting right so but I was like, okay I'm gonna be patient and sit through the fail. I know it's gonna fail But I think it's gonna come back right think it's gonna come back And then like here I'm getting really excited and right over here when we fail again is where I should have taken the trade off I should have um Ex-SPA this was yesterday or two days ago one of the two Again picking your moment right all day like I missed this first move But like I actually missed a second. It's two Like this is I woke up from a nap and I saw it right here. I Woke up from the app and I saw it right here and I didn't know what was going on. I'm just kind of ripped so but like This is when TW TW TW STSHD Craveman something that should happen doesn't I'm just gonna start abbreviating that because that took up way too much room Trademan something that should happen doesn't when this but like and by the way, this is the key concept I want to go over for another trade When when you one thing I don't like to do is I don't like to dip by off major major major squeezes, right so Off of something super major and vertical like a huge squeeze. I don't like to dip by that because um My my my My idea for like the huge like very vertical squeeze is that the only like the reason why that's happening is because all the Shorts are getting out at the same time, right? So it's artificial demand. So yeah, the market sentiment. Um It's pretty bad. I think we're like of all of the market participants like the big ones for the week Everything much just paint really tough to be a longer in this kind of market Really tough to be a longer Like all of these I think we're negative like X X SPA was a pretty Positive like bullish until like it today like yesterday if I did the webinar yesterday I would talk how great X X S PA was for the small cap market and as far as bullish sentiment agreeing sentiment But after today when it like repriced that when it repriced like and and just killed the mojo Like it turns into a net red. I think it has a negative effect on the overall small cap market Yeah, a whole lot of reds here all these stocks just died Um, all of these stocks. Oh, I have cpx two times And that's because it totally fails So Like you don't want to get rid of that like bvpr I think was the only strongest the strongest one and it still came down too, but it came down I think you know these stocks are going to come down, but it didn't like Tank on everybody right it came down like as everyone expected it to do these these all just kind of just like failed Anyway, so discipline. What is it? Um Discipline is not just stopping out when you're supposed to right forcing yourself to enter Uh discipline is literally the way I define discipline is discipline is having the willpower Discipline is having the willpower to only put yourself in situations that you were prepared for and that's the best way that I can explain discipline because When when you first enter trading and everyone says you got to be disciplined to be successful It's almost like what does that mean? Like do I only buy breakouts or right like we all look for this kind of um like these technical reasons for what how we can apply discipline and Discipline is not just stopping out what you're supposed to it's forcing yourself to enter sometimes right If you have setups right if you have a setup and you don't enter that setup because you're afraid discipline is when you allow anything besides Robotic trading to enter your your sphere right sometime if you're like Let's say that you're read three to four three to four days of the week Right you're you're read like four days of the week and on the fifth day You see a good setup, but you just don't want to lose anymore, right? Not entering that good setup Is a way Of breaking discipline that is that is a break of discipline. You don't force yourself to play your jacks or better hands because you're emotionally just draining Right. Um, not revenging is discipline, right? This is huge when when you're like when you lose not to go double on the next trade, right? This is this is breaking discipline Making you know not make I miss the trade like I let me chase. Let me all you know what like xspa ran. Let me just Let me buy optt the next day, right? Like because I missed that one. I'm not missing this one. That's a makeup trade, right? Not doing these trades like anything that a robot wouldn't do is a break of discipline because you have to be You have to be robotic to with your own system. You have to follow your system It's not losing patience on a red streak or a green streak, right? It's very sometimes when you're just on a red streak like you like you're red like two weeks in a row and you're just like man Like I've lost. I don't know. I've lost three thousand dollars this week, man. I'm just going to Go really big on this trade and make it all back, right? You can never ever ever like not even once in this game Can you ever say Yolo, right? Like if you're that type of person you can't be a trader, right? Like this is why trading is so hard is because you can't mess up once like You can't allow yourself to mess like it's okay to mess up But you can't allow yourself one of these kind of mess ups once because you can get away with it But if you allow yourself to do it once you're going to allow yourself to do it again And it's like you can't enter a game Like you can't enter a game Where you'll win 99 of the time but if the 1 of the time you die Like because eventually it will happen because it only takes one time, right? Like and I like it's funny like I was washing knives the other day and sometimes I have a bad habit of like washing Washing my knife with the front like washing the blade side with with my towel And I'm like I can't keep doing this like I like yes I'm not I'm not cutting myself, but it only takes once. Why would I do something that only takes once like Eventually I'm going to cut myself. So it's kind of the same in trading You just can't ever Yolo like the second you Yolo like if you're the kind of guy who will Yolo every now and then You're done like You might as well just not be a trader because I don't care if it's one year down the road five years down the road 10 years down the road It's going to happen and you're going to lose right so you can't ever not even do it once and as joe likes to talk about Like discipline is just saying just do it like like and I and I get these pms to like Where I'm having a really hard time. I'm really like I keep like I forced to trade and like just like honestly There's nothing that like joe or me or the bear or alex or bow There's nothing that we like we can tell you everything like the right stuff You got to just do it like you can't you just got to not make that trade right just like there's not like sometimes I try to give like like These metaphors for like why but like there's at the end of the day that you just have to do it um ATOS traded this one breakdown and break even it was under VWAP Broke it was under VWAP broke support Um, but consolidated too long in 250. How would you have traded this on the short side? I would have stopped out Stopped out of re-enter on outer lines or just move on I probably just would have did what bear did and just moved on Like I would have cut that and been like I'll just I'll look to re-enter way later But um this kind of this tank's pretty fast. I probably would I probably wouldn't have even I probably would have been mad If I was short and like this kind of tanked out I would have been wanting to see this over here and then like eventually short over here, but probably would have got mad Um, wouldn't want to be smart wouldn't it be smarter to do a market order if the stock is moving that fast? um Yes, I think I think this is in reference to like the candles when we were uh when I was talking about them Yes, I think it's um Better to do a market order Um, I have hot keys So that's it's fastest for me to do that rather than like the the market order But my my my hot keys are might get out keys are like plus five cents or something So like I typically get out like I've never had a problem getting out if I did have a problem getting out I'd probably um switch it to like plus seven or plus ten um So it's pretty much the same as a market order. Um, it's volume during that perk something you're looking at um Uh, you're gonna have you're gonna have to ask how the eggs. I don't know which stock talked about Um, nice. You need thanks. Is that similar to what happened with atos? No demand. Yeah Yeah, so I just went over that um All right. All right. So now here we are to jacob. Hey awesome. What are your thoughts on shorting a death line pre-market? Um, uh, yeah, so a death line pre-market today on seal. I don't I'm not super fond of it uh I'm not super fond of it Yeah, I mean like I just expect. Oh, yeah, like I definitely don't like I especially don't like it If it's around the eight o'clock volume candle like I You know, it's worth putting a trade on I think if it's trade like this was creating a lot of volume But for me, I just I I wanted higher hopes on this. So like I I just miss him I definitely just miss him if There I think they're worth a trade, but I don't think it's worth like a lot of risk on the trade um That being said I like for me the better trade right the better trade was the um, the better trade was the um The fantasy order short But the thing is is like If it's hard to chase weakness and it's hard to chase weakness in pre-market So when this does break the death line you I kind of wait for a pop If I'm going to trade that at all and this really wasn't much pop You know, so like that's it's hard for me to capture this kind of move Um, is a first resistant short viable on day one runners when there's a good strong resistance on the day Yeah, and that's what I consider. Um front side shorts and the front side covers I definitely think there's an opportunity to short on day one Um, but you shouldn't be short like in my opinion You shouldn't be shorting on day one looking to fade it So that's that's kind of a classic mentality that I like to have A front side short should have a front side cover because a lot of the time to just hold trend Ready when like really when it's a first assistant shorter note. No, I think you could take it I definitely think you could take it. You just got to be Um understanding of where your profit Target should be and it and it should be um Based like with the assumption the stock's going to make a higher low and attempt to to break highs again ATOS 250 was a trap when price action behaves like that multiple takes at a particular price Does it usually mean weakness or strength excluding traps like ATOS? The reason why I ask is because bow says the more times line gets tested like a bounce the weaker Each progressive test exactly and that's exactly why the first that's exactly why um on That's exactly why on the uh Vvpr trade that I took A couple of days ago exactly on the vvpr trade that I took When I bought over here Hey traders, this is tosh. I go by t bradley 90 in the my investing club chat Just wanted to reach out and say if you have any questions about m i c joining m i c Maybe you're a member already you have three ways to contact myself personally and through m i c you can hit our social media You can hit me through pms in chat or you can contact us through my email at tosh at my investing club.com That's tosh at my investing club.com. I will get back to you in a timely manner and I'm saying this because I'm here to help And I don't want anybody to be afraid to reach out and ask any question that they have we are here for you guys All right. See you guys