 I got my selfie stick, just getting the angles right really quick. This looks a lot better, doesn't it? I look like a crazy person on the street though. Let's see if I can turn it around like that. How's it look? Is it clear? Do I sound good? Everyone's gonna think I'm crazy with this thing. Looks good. Sounds good. Way better. Take the shirt, eat, sleep, trade, repeat. We'll give it a few minutes for everyone to kind of get in here and then we'll start. While we're waiting for everyone to kind of get in here, if you guys have some questions, prepare some questions and we'll take it from there. Yeah, I have a selfie stick. It actually looks a lot nicer with the selfie stick. It looks very professional. I look like a crazy person. If anyone sees me on the street right now, they're gonna think I'm a crazy tourist. Is that a car behind me? Yeah, this guy behind me definitely thinks I'm nuts. I'm just gonna act like I'm doing nothing. That's funny. I only knew what he was thinking. It's a nice GLE63 AMG. So what did you guys all trade today while we're waiting for everyone to kind of get in here? There was kind of a lot of stocks in play. So it was just a matter of picking the best ones on the day today. RKDA, RKDA, FBIO, very nice C63 AMG, nice his and her Porsches. Everyone could see me and hear me all right, right? I just wanted to make sure before I kind of get started. What's that 100? What does that mean? CZK100? Does that mean something? Anyway. What time is it? What time is the clock yet? It gave you money? Don't give me money. I don't want money. Take it back. Refund it. Is there a way I can refund this? All right. I'm just gonna get started. So what I like to do in these recaps is I kind of like to walk everyone through my mindset, what I did in the morning, how I'm feeling because the trading process, the trading process is just as important as the trading mechanics. Here's another car coming in front of me. I look like such a jackass with this thing. Anyway, so let me walk you through my process, right? Let me walk you through my process. So last night I had some friends over the house. One of my friends is a medical student. So I haven't seen him in like three or four months and he had one day off. So we came over to hang out. So I went to bed a little bit late last night and any time I go to bed late, I always set an alarm up so I can be up early just to be able to secure locates if there's a big play happening. So I woke up seven in the morning, secured my locates, and I basically was just sitting at the desk. And today what I was most interested in was the low hanging fruit, which are the stocks from the day before that people forget about, that all the attention is off of and I could kind of capitalize on. So for me, what I felt like was some good low hanging fruits were FFHL. That was number one. There was kind of other ones like OPTT, but that didn't really bounce. And I think there was a DMPI was a stock that kind of gapped up today. So coming into the morning, I saw DMPI ramp to like $1.50, $1.70 and kind of gave it all back. It went to like $120 or $130 pre-market. And from there, I know that I was interested in playing it because my mentality was that if the stock is broken down pre-market, chances are that it's not going to rebound. Morning, how are you? Chances are that it's not going to rebound when the market opens, right? Chances are it's not going to rebound when the market opens. So the top watches of the day are always the stocks that I think are the stocks that people forget or the stocks that are already dead pre-market. So DMPI was the main watch. I kind of wanted that to rebound to be able to short it. I think TRNX or TNXP, what was that T stock that was up today? That was also another one that I think hit. I think it was 220 pre-market or no, was that the one that went red? Regardless, the thing with these stocks is that you always want to be shorting or you always. Because for me, I'm primarily short buys. I don't like to go long. I haven't really found an adjutant. So for me personally, what I want to see on these stocks is I want to see the stocks break down and I want to just join their trend. If the stock is up trending all day, that is a good stock to go long. But if a stock is already broken and it has collapsed, what I want to do is just join the downside. I want to keep it really, really simple. So today on FFHL, my plan was simple. I wanted the stock to just stay red. Either it went from green to red or went from red to green and failed. I want to just see the stock red. If the stock was red, that gave me the confirmation that I needed that today is the day to have profit taking. And today is the day that shorts are going to feel more comfortable on this stock. Because the truth of the matter is when a stock goes red, that is a signal that weakness has started. It is a signal that shorts start to feel comfortable. It is a signal that longs feel uncomfortable. So on FFHL, this morning, they ramped it up to $7 pre-market on no volume. $6 or $7, whatever the whole number was. I think it was $7. They ramped it up to $7 on low volume. So what my mentality was was this. Let it do its thing. Let it push. Let it do whatever. But when the stock goes red, short it. When the stock goes red, short it. So if you fast forward to the price action today on FFHL, you could see that it hit $7. It stopped out all the aggressive shorts from Friday. It stopped out all the people that were shorting with FOMO and pre-market. And I personally didn't take the trade because I was really scared of it. I didn't believe it. I got in my own head about it. And I kind of screwed it up. I basically let my emotions take control rather than let the pattern play out. So if you just look at the chart, you could see very clearly that once the stock went red, it never came back. That is a big signal. So next time, this is a reminder for me that even when my emotions are taking control, even when I feel uncertain, I have to be able to recognize and realize that I made my plan when I was thinking straight, when I had no emotions, and I just have to follow my plan. So any time a stock goes from green to red or goes from red to green and fails, that is the signal that I want to at least take a small starter short to get my feet wet. But here's the problem. If a stock is red and goes green and doesn't pull back, that is the opposite. That is a bullish signal. That is the signal telling us that the stock is too strong. So sorry, guys. Every time I do this walk, I show you guys this house because they have an event door SVJ in the parking lot. So sick. What is TRNX trading at right now? But do you guys have any questions about that red to green move or when a stock goes green to red or anything like that? It's kind of like the first red day setup. But 234, oh, shit, I think I might have stopped out. It's kind of like the first red day setup. But you don't have to really kind of wait for it to be red. This is kind of like the first red day setup is if a stock is going green, green, green for three, four, five, six days, and you don't know when the pullback is. But on a low hanging fruit, if it kind of gaps up a little bit and goes red, that gives you the signal that you should probably get in there, at least a small starter piece. Is that clear to you guys? Do you guys have any questions about that? There's no questions about that. Where is your entry? What is my entry on what? Also, here's the problem, right? TRNX. I really missed the big move down. I missed the big move on FFHL. I missed it, right? And normally, during these times, I don't trade. I forced myself to leave at 1030 because I know that I lose my edge after 1030. Yet, here I am today at Prime Zombie Times, took a short and lost money, right? I just lost money while I was still walking because I had my stop in on TRNX. And I shouldn't have taken that trade. Even if it's a small trade, even if I took 1,000 shares or 2,000 shares, I only lost 200, 300 bucks. Yeah, it's not really anything. It's not gonna make me broke losing that money, but I deviated from my process. I shouldn't have been trading that shit, right? I shouldn't have been trading that shit. So, again, pay the price today. I deviated from my process. I traded during Zombie Times and I deserved to lose money because the thing is, whenever you break your rules, whenever you break your rules and you don't lose money, it creates a bad habit for you. It creates a sense of comfort that, hey, I broke my rules this time and I made money. I could just do it again and make money again. But today, although I recognize that I was trading during Zombie Times, although I knew that I shouldn't have been doing this, at least there was a light bulb in my head that said, hey, use 1 tenth of your size. If your max size is 10,000 shares, use only 1,000 shares. That way, if something goes wrong, you can kind of control yourself. So that's kind of what happened today. I lost a little bit of money during Zombie Times. Just now, while I'm doing this recap, but it's not really the end of the world. At least now, it kind of kicks my ass to remind me, hey, stick to your process. Stick to your process. If you deviate, you're gonna lose money. That's it. Doesn't matter if I lose $100 or $10,000, it still feels the same. Does anyone have any questions about that? Let me see what question I got. Do you look to get in around the low of the day or high of the day? Well, for example, I think on FFHL green to red was 628. I would just short it 628 if it went red. That's it. When is the next meetup? Well, here's the thing. We have a bunch of local meetups every single month. We actually had one last week in Chicago. So any member could organize their own local meetup. And if I'm around or fouls around or if any of the moderators are around, we'll come in and we'll support you. We'll have fun, we'll drink together, we'll eat together. We'll have MIC pick up the tab. But as for a bigger event style like we did in Philadelphia, that's not gonna be for a couple more months. That's not gonna be for a couple more months because those events take months to plan and they are super, super expensive to do. How many go-to setups do you have? Well, the main steps that I use are the ones that we teach at MIC, right? So the main ones that I like, my highest-paying one is the deathline setup. I love the first red day setup and I love the low-hanging fruit setups. Can you talk about trading routes sometimes in your videos, benefits of understanding them? Yeah, so routes are, the only thing that you really have to know about routes is this. Which route gives you the best ECN rebate, right? So number one is if you don't know what a rebate is, if you do not know what an ECN rebate is, I'll give you a quick explanation of that. It is when you put an order on the bid or the ask, as someone fills you, if you are using the proper route, you will get paid, you will get paid to post. That means you're adding liquidity. If you are taking the ask or hitting the bid, you are removing liquidity and you pay a fee. So if you are posting on the bid or posting on the ask and someone else is filling your order, you will get a rebate. Bao and I usually are able to trade for free because the ECN rebate that you get covers your commission costs, right? So let's say for example, you're paying 0.002 a share in commission. If you are using the proper route, you will get a 0.002 rebate, making your trade for free. Yet, if you take liquidity, you will have 0.002 for your commission, then probably 0.002 that you have to pay for taking liquidity. The route that I use on Cobra is CAR-K-L-C-A-R-C-A-L. That gives us the highest rebate if you are posting on the bid or the ask. Say you short that 6.28 red to green spot with that same spot become your new risk. Ideally, 6.50 would be my risk. So I will be risking 20 cents to make 50, 60 cents on a down move. So the key of this, that was a great question. That was a great question. The key to that is to always add liquidity as much as you can because the more that you add liquidity, the cheaper trading will be and the less trouble you will have. If you are not slapping the bid and slapping the ask and you are just waiting for your orders to fill, you will have, you will just be patient. That's why fantasy orders. That's why Bao has his fantasy orders out, right? Yes, it's a great strategy. Having your fantasy orders out is great. But if someone hits them, you're getting paid to trade, right? So be sure to talk to your broker about using the proper routes. Most brokers like TD Ameritrade, eTrade, I think even Robinhood, they rip you off and they don't give you a rebate. So be sure to be using a broker that gives you a rebate so that you can essentially trade for free if you are adding liquidity. Hope that answers your question. Again, feel free to ask questions. Don't kind of feel shy. This is your opportunity to ask and we'll take it from there. Do you think YouTube Live is good or do you think Instagram Live is better? I know a lot of people like the YouTube Live because you don't need to use a cell phone. I personally don't mind, I can use whatever. I kind of personally think YouTube Live is a little bit better because it's more accessible to people, but I'm always open to doing whatever the community wants. What else did you guys trade today? This RKDA is, okay, it doesn't come back. How to hit the bid instead of the ask while trading? How to hit the bid instead of the ask? What does that mean? Again, these walks or these live videos are to kind of walk you through my process before the day and after the day, right? Before the day and after the day because this is kind of when everything is fresh on my mind. This is when everything is still going on because as you could tell, in one hour, I'm gonna forget the tickers I traded because my mind is already on to the next thing. What's up, Miguel? YouTube Live allows me to chat at work. I guess then we're gonna continue to do these YouTube Lives. Miguel, where are you from, man? But I like this kind of interactive aspect of it, right? I like the interactive aspect of chatting and talking and everything. How is the video quality? Is it clear? Am I blurry? How are we looking? Sorry that I have so many questions. I just wanna make sure that everything is kind of perfect for you guys. Are these kids biking behind me? How are these kids doing? Must be nice to be riding a bike at 11.30, right? But who am I to talk? I'm walking around at 11.30. Pick up a weekend job so that I can save money and trade and get into MIC. For those of you that are in MIC, how do you guys like it in here? Or how do you guys like MIC? Explain to people what they're missing out by not being in MIC. You could hear me, but you'll think I'm biased. You should probably hear what the actual members are saying. Sorry, lots of wind. Again, ask your questions in here. Feel free, anything you have, let's kind of go through it and let's review it. I like to keep these videos short and sweet because the longer the videos are, people lose attention. So, hands down, what is your favorite setup and why? The death line setup is my favorite setup because it's so simple and has a 90% win rate. MIC is not short biased. Yes, we do have a lot of short traders, but believe it or not, we have half long and half short traders. And right now, the long traders are thriving because the market is hot for longs. So, the setups that we use can be used for longs and shorts. We have a first bounce strategy that is very, very popular with newer traders. And simple, it works and we have some free videos on YouTube about it as well. Do you ever use tick charts? I think tick charts are a scam. That's what all the furus used to kind of convince you that their nano pullbacks or micro pullbacks are real. So, just fake news, man. Don't listen to those tick charts. Don't pay attention to that. The lowest timeframe you should be using is one minute and even that's probably sometimes too small. Hello? Someone call the cops on my ass? I'm glad you guys all like MIC. We put our heart and souls into it. It's literally 15 hours a day that we put into it every single day. And the fact that it's working and the fact that traders are becoming consistently profitable after it only motivates us to work harder. There was a comment that someone put in. I think it was Scott in After Hours the other day and he's like, we're gonna look back in three years and we're gonna find out that thousands of people at MIC became successful millionaire traders. And we're gonna look back and see that it all started from this one crazy idea that me and Val had. So I fully, fully, fully firmly believe that so many members, if they have not already found success are going to find success. And the truth of the matter is in one year of kind of being around, we've already pumped out tons of consistently profitable traders in just one year. So it makes me think that, hey, where are we gonna be in three to five years? Yeah, so we're growing. We're gonna raise prices. So this is kind of what's gonna happen. We can't afford to throw free events for everyone anymore. We just can't do it. It's impossible. So we have a couple of options that we're kind of weighing to try to figure out. Annual and lifetimes are still gonna come in for free. We might be opening it up for monthly members for a fee and we might be opening it up for non-members for a higher fee. We also plan on raising our prices for the monthly annual and lifetime in about a month or so. And anyone that signs up before that will be grandfathered in. So the 179 will go to 189 a month. 1790 will be 1890 and the lifetime will be from 5,000 to 5,500. So that's all gonna be in about one to two months. But if you sign up before that, we're gonna grandfather you in and get you stuck in. It's so overpriced already. I disagree completely. You could ask anyone in MIC that's in there, you are paying less than a broker commission a day to be in MIC. If you're making over $5 a day, you could afford MIC. So if you think it's overpriced, you probably can't afford to be trading in the first place. That's just the truth, man. I don't need you to join MIC because I know that I should be spending my time to people that actually care to improve. If you are already in the club, you will be grandfathered in at your rate and you will never pay a dollar more. But when we raise prices, all the new people will be paying more. It's just we can't be given all the stuff away for free. We have four free trading DVDs. We have seven to eight new videos a week. I mean, what else? What more could we do? What more could we do? You know, we don't have any inner circle, millionaire challenge, $10,000 a year programs. You know, we're not, we're trying to do everything we can and we're just trying to keep the lights on at this point because these events are expensive. Everything is expensive and all adds up. The people that are not in MIC are the ones that always say it's too expensive. It's less than $5 a day. It's less than $5 a day. Instead of going to Starbucks and getting a coffee, getting a frappuccino for $5 because I used to work there, it's 80% ice. Instead of getting a stupid, freaking frappuccino, invest in your education. That's it. That's just the way it works. Again, I don't want to spend my time trying to convince you to join because my time is spent on the people that actually are here to improve, to learn and that's what happens. If you spend the time and put in the work, you become consistently profitable. It's how it works. That's literally how it works. If you don't want to put in the work or if you're too busy complaining about $5 a day, your life is not in order to be trading. So again, you could say what you want but at the end of the day, you should ask the members what they think and you don't have to listen to me. Listen to what they say. Anyway, sorry that went on a tangent. That just kind of pisses me off. Hey, Alex, what's the average time you get locates? Anywhere between, I think it's like 7.45 to 8.30 in the morning. Around that time is usually earlier than better, obviously but that's usually the time that I'm looking at. When are you raising prices? Probably in about a month or two. Probably in about a month or two. And again, all the members that are in the family, in the community right now, their prices will never go up. It is only the new people. Let me think if there's any other topics I want to talk about. Oh, we have a, what is my tip for people under PDT? That's okay, so here's the thing about PDT. A lot of people bash on it and a lot of people think it's bad and I agree it sucks and it's annoying but being under PDT forces you to only trade the best setups possible. So my advice for someone under PDT is back test your strategy, find out what you are the best at and only wait for those setups to come and because you only have three shots a week on those setups, be extremely selective and wait for them. Don't trade the bullshit. How do you set goals in trading? Is it how much you want to make or is it more on playing the right setup? So you should never create goals on trading based on how much money you want to make because that only clouds your judgment. It makes you feel that if you're not hitting that number that you are underperforming and it makes you want to push harder and get to that number but the truth of the matter is your goal setting in trading should be did you stick to your rules? You made a plan for this trade. Are you trading your plan or are you trading your emotions? What are you doing right? What are you doing wrong? Your plan to get better should be based on the trades you are taking not based on the amount of money you're making and a monthly upgrade to annual or lifetime at the original prices after the prices raised. Yes, if you are a current member we'll grandfather right at the old prices. There's a broker out there that lets you sell back unused locates no shit for 90% off. If you paid $10 for locates they're gonna sell it back to you for $1. Don't fall into the scam, bro. Have I experienced paranormal activity at my house? Not yet. So you're saying useful size with the setups you know under PDT. Thank you. So here's the thing. First things first, did you pay for trade? Do you have a system that works? Have you proved to yourself that you are a profitable trader on paper? If the answer is no, you have to go back to paper. First, prove to yourself that you could do it on paper. And then when you prove to yourself you could do it on paper, you go in with real money but only 100 shares max size. The reason why you use 100 shares max size is so that when you do lose money you understand what it feels like because losing money on paper and losing real money is very, very different. So use 100 shares and lose that money. After you have proved that on paper you are consistent and you make money using 100 shares on that setup only wait for that setup on PDT and that attack. What was it like trading profit at SMB? Just curious. It was a very interesting experience. It was a very interesting experience. I mean, I didn't know what to expect. They put me next to their best trader, Shark, making four, five, six, almost $10 million a year. So I learned a lot about him and let me tell you the one thing. The one biggest thing that I learned from trading next to Shark who's making a shitload of money and he is a short-buy trader. The reason why he is so successful is this. Listen up. It is because of his risk management. If he's wrong, if he's wrong, you know what he does? He cuts it off immediately. He'll take the ask. He'll market order out if he has to. But if he's right, he fucking doubles down, triples down, quadruples down. So if he is wrong and he knows he is wrong, he gets out on the ask no matter what. No matter what he gets out on the ask. He doesn't wait for a dip. He doesn't wait for anything. If he's wrong and he knows he's wrong, he takes off that loss like that, like a fucking robot. And if he's right and his plan is going according to, like his thesis is going according to his plan, his motherfucker will double, triple, quadruple down, get him as big as he can and ride it down. So risk management is number one. If you are wrong and you know you are wrong, take the ask and get the hell out. So that's number one thing that I learned from him. So that's it guys. I'm gonna kind of wrap this up. This was a good session. I like doing these YouTube lives. So thanks everyone for showing up and I will probably see you tomorrow.