 Hey traders, this is Tosh. I go by T Bradley 90 in the mind vesting club chat today. We have a very special video It's a preview of bow doing a daily recap live trading and showing examples of one our first bounce long strategy and To our death line short strategy that we promote at MIC and it's working for many many members and while today is just a preview of the full link video if you want to watch the full length or any of our Exclusive content then become an MIC member Hey guys, it's Thursday April 11th 2019. It's been a while since we did the last daily recap, but today's a very good lesson, man We woke up today and there's nothing moving and all of a sudden boom FTFT and GLG ran like crazy And these are like very difficult to find short locates FTFT. There's like dude I couldn't find anything pre-market then I finally found some After the open, but it was not much size. So maybe I had like that 9,000 shares Which is I mean for this kind of stock, maybe I don't want to have anything more than 9,000 shares anyway, so too short But up but quickly we recognized This was not a fucking short We posted on the room can you guys all hear me, right? So I'm gonna figure out I'm gonna show you my my process to figure out why this was not a short Remember, this is my process. You guys are probably better shit, man. Look at this thing run Let me put some fantasy orders at $3 line Who the fuck knows right just in case man, okay? And I'm using tiny size just it's front side setup if you must touch this short You're fucking sticking your toe in I'm putting this shit way outside of the money right now at $3 man Three fucking dollars. You know I'm saying I'm hoping in parabolic. He goes up I'm not fucking touching this shit when it's starting to consolidate and stabilize Notice the line is being fucking held right here 259 this little notch right If you want to expand this Right here. This is how I find out what the fudge factor is I click on this thing 255 is the fudge factor Let's see if it bounces right off 255 The fucking bounce right off 255 guys You see that's how we do the first bounce So if it if it breaks under 255, it's gonna go all the way back down But it's holding 255. You just saw that in real time It held 255 and I just showed you exactly how I found that number I found the low end of the wick Right here. I wish I could point it. I don't have a finger Um, it says low 255 That's pretty much the fact a fudge factor And I saw it hit 255 and bounced right back up So let's see if it holds man. Let's see and look. Oh my god 255 had 20 000 shares of bidders So what we saw on the chart conforms exactly on level two So this line's thing that we're talking about this strategy There's something to it, right guys It's all these you see all these indicators lining up the indicator is first of all This is the 255 The low end of the wick uh the low right there the low end of the print And then when we went down there, we saw 20 000 bids those guys are right here 20 000 So, you know, it's kind of scary as hell You know, so if you were to play the this is like the risk reward thing if you do a 255 you can set a 248 Stop 249 stop. Maybe, you know, you don't lose much but you but the risk reward is great That's the concept behind the first bounce The first bounce is a is a bounce That is right off. Let me see So this is kind of scary right up to 278 So the it was only 20 cents. You see this is why I don't want to touch this thing This if you if you were aggressive, you can't enter 255 and that filled 256 And now you would you know scoundrel for 10 cents, whatever, but for for me is like Dude, it's too scary unless you're really good at stopping right away because if 255 So I would do a 256 And then you know, that would be it and do a stop if you want do a stop under 253 But you got to be fucking quick man. Sometimes it it'll skip Through many pennies, right? So that that's the whole thing behind the bounce. It's like so first you have to determine where So the magic lies in this man the fudge factor When I say 260, I don't just mean 260 guys. This is part of the scaling and the fudge factor, right? See, this is why I don't touch this shit. You see that 255 was a fucking fake That should go down to here to 18 to 19 230 would be the support, but dude, I wouldn't trust that I would use this Let's take a look at what the vwap is vwap is this guys Vwap is 216. Holy shit 217 do you see how it corresponds to this level right here? This is not a coincidence man. The lines Show you everything and you can basically layer all these indicators I call these indicators like vwaps an indicator if you want to use a moving average as an indicator But I just basically use my lines and my vwap And look at this man. This is where I I didn't even look at the vwap The first time I looked at vwap by the way and I noticed this spot right here. So let's click on this Look at that. The low is 218 218 And then if you go to the vwap is 217 this fucking dead on right? This is DOS This is real tick. This is DOS I want to show you because I use DOS and it shows you vwap You see that guys these lines these lines don't line man it fucking corresponds So vwap's an indicator and you can actually see it right here. This is the fucking support Even if you got enter a 255 you're still okay But that's a risky. I mean because I'm looking at this it only went down 20 cents That is not big enough range for me to get a bounce a big bounce. I like so let's go reverse Let's go to the start of the day and let's see so that that was pretty much on Real-time analysis of 255 Notice, you know, you didn't lose that much if you just wait it there. You wouldn't lose that much You you lose but you wouldn't lose that much, but I'm just waiting for the 2 of 17 level here You know and that's pretty much testing the vwap so the indicators kind of line up So the more the indicators line up the better I'm not a fan of doing the bounce very high I need to have some sort of meat on the bone because even if I get into the bounce at 255 Where would I sell to 65 only 10 cents and risk what losing all this because if this thing tanks like what you did It dropped like 20 cents right away So you always have to think when you plan your trade You always have to think where you're going to enter and where are you going to exit and is there enough meat? So that's the meat is basically the risk-reward ratio We don't calculate these in terms of 1 or 2 or 3 or I don't I don't do that other people may teach you to Do that. I don't do that. I kind of use it in my head and I'm looking at so this one. There's no pivot lines drawn I wish there were but there were there's not um You can manually do it yourself And I think joe has it but this this is way over man You use you you can do it you can use math and draw and figure out the pivot line I'm pretty sure one of you guys done done this man. There's like Um, but do you see that 255 man? That's why it's like, you know what man? That's not worth it because Because what's the risk the risk is that 255 collapses? Potentially it's gonna keep walking down to 218 220 line right there And I'm like what where am I selling this is where I actually want to short guys I want to short up here, man If this sucker gets back to the 260s. I'm fucking shorting And that's how you do it if it breaks 260 and then you put a Stop of maybe 10 cents above it. You see what I'm saying? So one the top is set Look at the top. It's set at 260. If I was not doing this daily cap I would be shorting this thing here around the 260s Once it starts up and once the top hits and it starts to like stall I would short it Because there's a lot of indicators I line up That's 260 from the morning with the resistance And so it matches this resistance. So both of these are conforming to the chart So 260 now is a good line, but like I said, man, these are scouts These are all front side scouts if you must break a fucking rule you need to understand That you know, man, you got to go in and out You can't be fucking holding this shit and this shit breaks 260 it goes to 270 next You know, it's 350 you have to have proper risk management, but if you short at the right levels And you lose it's not that much The key is don't fucking chase this shit You have to understand where the levels are and then, you know treat it like that So it bounced off here, but then you have to take a look at the whole history of the chart in the pre-market guys It bounced off at this level here three 225 Let's see 225 So you use all this I mean these this is not an exact science. This is art as well as Science so notice that 255 we claim it fucking did a fudge factor all the way down here guys You know what I'm saying? So I mean if it's a mirror exact mirror opposite and you could predict it a hundred percent It would not work dude. Everybody will fucking make a trillion dollars, right? That's why trading is so difficult all you can use is the historical chart To figure out what's going to happen in the future. And so I'm lining up as much information as I can This is not an exact science 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 and 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