 One of the most common questions I get asked is, you know, how do I start day trading? So what me and my mentor about it for our viewers on YouTube is create a free mentorship course that reveals our 12 secrets that every single brand new day trader should know before they get started. But please take note that there is limited seating every single week. So please reserve your spot at myinvestingclub.co. The link is in the description. What's up, everyone? March 9, 2021, back for another episode of this. Nice day in the market. I had a nice bounce. What everybody trade today or buy today? What did everybody do today? What did you do today? I didn't really call it. I don't really call it trading. I started some positions. So ACAD, yikes, that looked painful. Some folks bought some Tesla calls. Yeah, nice. Well done. Well done. What is this? XCLA? What is that? Small cap? Oh, yep. Small cap piece of trash. Good Lord. Well, I hope you guys that shorted it are safe. Not too badly damaged. That looks like a tough one. I mean, this is about the only freaking trade I see is in this. So I mean, I would have taken a loss and been gone. I mean, I would have eaten a loss. I mean, I would have looked at this 270 like straight out of the gate. That would have been my only short. But the fact that we're opening at 250, I mean, a quick pop to that and dip, and that's about all the juice. But I mean, I mean, I would have shorted when it touched 270, which would have been probably in the next bar. And yep, 270 and then no relief. So I mean, painful on that one. Painful, painful, painful. Yeah, nice trade, Jay. Good trade. Good risk management. I mean, if you if you sat around all day to take that trade, great job. Well done. What I see is it just looks like a big pain in the ass. I mean, honestly, I don't even see, you know, there's no break of trend, really in anything. I mean, you've got this little break right there that you could justify. I guess, you know, this break of trend right there. But I mean, it's, there's no break of trend, there's no loss of VWAP. So I mean, if you can manage risk, as well as as well as JJ does, props. Well done. Well done. That takes some serious risk management to be able to capitalize on these trades, especially when it's going parabolic midday like this. So XCLA news was there's triple on a 10 year $90 million contract. So I mean, I don't know how great this contract truly is $90 million contract blending automation technologies, blah, blah, blah. I don't know what the what the kind of the payout of this, like the contract details, I don't know if they pay $90 million over 10 years. So you know, $9 million a year, which I don't even know what XCLA's burn rate is. So I mean, it would take some digging to go into that. So if my gut feeling is that $90 million contract is nothing in the grand scheme of it all. Let's just be brief about this. Solidated statements, assets, total liabilities. Where's it at operating income and loss. So for the three months of 2020, good. But I mean, yeah, they burn 71. Hey guys, my name is Toss Bradley, I'm one of the head mentors of moderners at my investing club. If you have any questions about getting started in trading, getting started in MIC, MIC in general, text me at 213-458-5997. This is not a robot, it is me directly on the other end of my business line. And we'll get you in the club. We also have special promotions going on that I can get to you depending on your trading needs. Hit me up. Back to the video. Was it 71 million in thousands? Yeah, 71 million. I mean, that's a crap load of money in nine months. So I mean, this contract, depending on how it works, you know, you got 71, 711. And this is just a rough estimate of a burn rate, you know, this is just operating income. So that divided by nine means that they require at a minimum about $8 million in cash to just operate per month. So you know, they've got revenue, obviously, that's fantastic for them. That was in 2019. In 2020, it looks like they've cut down their expenses, like they're burn a bunch. So for 2019, that's nasty. But 2020, for the nine months and into 2020 of September 3rd, I mean, that's not a terrible burn rate. I mean, granted, it's a loss. But most small cap companies are are way worse than this. So fundamentally speaking, that 90 million could last them quite a while. Big float. But they did a one for three, I thought I saw 147 million shares, and then they did a one for three right here. So there's gonna be 49.2 outstanding share. God bless. I mean, that's a big float. Probably if I had to make an assumption, I'm not even researching the float here. I mean, if you did the quick and dirty Fenviz on that float, 25 million float on a day like that, I mean, that's Daddy. But it doesn't really have a history of holding anything. So, but this is obviously the biggest volume it's ever had. That's about it. So I don't know the details of the contract. I don't know anything like that. I'm not calling this a short. And I'm not saying it's a long up here either. I think it's kind of no man's land, you know, you've already made 100% move. And then some so 250 to five in in a single day. So yeah, anyway, all right, well, small cap is we got that out of our system. So now we can move on to the real stuff. All right. Today, today, how long a timeframe you see in your basket? I'm like 30 days. I have calls at most all my calls expire in on April 16. So like a month from now, I'm kind of looking at like a two week timeframe two or three weeks, I don't want to I don't want to hold them to expiration. I want to kind of get out, you know, in the next two weeks or so. That's kind of my timeframe. Play a tree to PayPal, Riot, NIO, Esla, Riot, everybody's on Riot, I guess, because the Bitcoin thing. Yeah, nice. Nice. Bitcoin is at 557. GBTC man. I love that one. Okay, so let's talk about the markets. We can talk about cues, we can talk about spy, we can talk about whatever we want to talk about. But today, we're gonna do post any of your opinions on plays. Do you post any of your options plays? I'll post it when I'm done, if y'all want to see it. But I do not post it real time, because I do not want anyone following me. So yeah, I have this thing about posting your trades, you know, I'm fine with posting the end result of the trade. But if I don't mention the trade to you guys, I don't really feel like mentioning it at the end is going to do anybody any good. It's going to seem very braggadocious. And I don't want to seem that way. So I'm not the biggest fan of posting trades. I don't think that there's a lot to learn from posting trades, in my opinion. I've been doing this for seven years. I'm a visual learner. And I have never met anyone that was an inconsistent trader that could reverse engineer a trade to the point that it benefited them. So I think that posting trades is there's not a lot of education there. I think the education comes from teaching a process and repeating that process. Every single day the education comes from repeating what somebody else is doing. But I don't date trade very much anymore. So most of these trades are swing trades. So spy. This was a big indicator for me. And this is mainly what we're going to talk about today. So we're just going to jump right into this and discuss the the whole topic for tonight. So all right, guys, y'all have a good night. We will see you next Tuesday. Thank you so much for watching our video. You want to see more of our videos, please subscribe to our YouTube channel by clicking the button here. We do our best to post a new video every single day. If you have any questions about MIC or any general trade questions, please text us using the number here. Also, stay up to date by watching some of our most recent videos right over here.