 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, link is in the description. All right, enjoy the video, guys. So this is just to show you kind of my version and how I kind of approach stocks each day and how I kind of figure out how big of the range or where should I take the profits, right? But this is just my way, and you know, if it's helpful to you, you can apply the same thing, but you know, it's really up to you. So, yeah, so just get into this. So first of all, before I even get into trade, right? So I need to figure out where should be my entry will be, and that's the most important thing, right? Just draw your line, you know, and figure it out how I want to trade that. And I mean, for a short seller, I always wanted to shorten the resistance, right? The best thing would be, you know, the parabolic kind of move. I don't want to be shorting, you know, into the grounds like this one, like this. And it's just like giving me more edge when I see a parabolic move like that. And then it's the kind of stock that kind of dies, right? Like basically the broken stock. Before I get into a trade, and I should have a pretty decent idea where would be my entries and where would be my exit, right, basically. And as you can see here, you know, the stock went from, let's say, five to all the way seven, right? So technically the range of the stock is like two bucks, right? So let me just cut it down. So the range, two bucks here, let's say it's only half like, you know, 1.5. The ideal target would be 1.5 to me, right? I mean, you could wait for it to kind of tank all the way to this low, but I just want to kind of cover a little bit ahead of the major support or like, you know, like the last support kind of. And on this one, okay, so I'm going to scale from 6.5 to seven, let's say like that. And I know beforehand, right, I'm going to stop out over this 7.20 and my average would be, I don't know, somewhere around like 6.8 and my stock would be 7.2. So it's like 40 cents, right? So you can calculate that based on your sizing, your account, whatever, one or two percents, whatever dollar amount that you're comfortable with. So on this particular case, okay? So seven, 6.5 and seven, right? So my average would be 6.8. So where would be the best case scenario for my target and you know, for my profit taking? As you can see here, the stock kind of like, you know, put in like, pretty much like a line in the sand. As you can see, like from this line, 4.3 and then, you know, 4.5, right? So this is basically is, you know, I think, you know, that's the best case scenario because that's, you know, that's the last support, you know, before it kind of ran. And also this is the line in the sand. That's pretty much, you know, if you can get that target, I mean, that's pretty the best thing that you could get from this stock. So I always look at, you know, how much it ran and what was like, you know, basically the support of this stock. It's like this trading is not that easy, okay? And I know, you know, even though, you know, I'm still struggling with that profit, you know, taking as well because, you know, I'm really good with entries, but it's just what it comes to like exits. I really suck at that. And so that's why I try to kind of adapt to kind of my personal style because I'm not really that patient. You know, I have to go with the scalping kind of. And for someone like Bear, you know, his main goal is like to try to have a position size in here and then try to be patient for the rest of the day. But I'm just not that type of person. So that's why I have to choose something that fits my own personality and also, you know, what I'm feeling comfortable with, right? Yeah, so that's the idea before, you know, that's the idea about the profit taking. You have to see the over picture of, you know, how big of the range of the stock it could offer you, right? I mean, you know, this is the line, the sand around five, it went to seven. So technically you have like $2. And okay, so if you want to be, you know, a little bit, you know, like a try to take a profit a little bit early, maybe, you know, for say for bad, maybe it's like a $1 or like, you know, 1.5, but definitely not something that you want to cover like for five or 10 cents here. And I'm not sure, I think this one the other day. Yeah, this one is pretty good. Hey guys, my name is Tosh Bradley. I'm one of the head mentors and moderators at my investing club. If you have any questions about getting started in trading, getting started in the 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. When you see the range right here, you can see the stock went from one to like 1.7, right? So basically you have only like, you know, 70 cents. And, you know, because the spread is really tight and it's like the stock is really moving like one cents, right, at a time and tons of volume coming in. So on kind of those particular stock, I mean, if you short right here, 1.7, you're risking basically like only 10 cents, right? So, I mean, the best case scenario on this type, you know, of stocks usually, you know, it's under two or under a dollar. The best you could get is maybe 10 to 20 cents. And so, you know, you have to kind of base on that range because you risking 10 cents here, I saw, I think like in the best case scenario, like in the perfect world, you could get like 20 cents out of this. Oh yeah, me, so that one is, it's over 10, you know, $10 kind of stock. And you can see here, you know, line is saying here, 11, 12 went all the way to like 20. So basically you have like $8 out, you know, the range of the stock. So let's say you just being very conservative, you know, you just want to cut down maybe $8. Okay, so $6 sounds good to me or even five, right? So you have to keep in mind that if you want to short here, you want to risk at least a dollar or two because this is just how the range of the stock or like, you know, how the stock kind of move and you have to kind of adapt to that. And like I said, there are three different, you know, trading style, either you scalp, okay? On something like, you know, $10. If you want to scalp that one, I mean, you know, even though you have a tight risk, maybe 20 or 30 cents, try to aim for at least, you know, like 30 or 50 cents, right? Based on that, that's a scalping basically to me. And if you are someone like Bear, you want to kind of, you know, get a good entry. Let's say you want to short here at 19 and then 20 or whatever, right? So, and then risking $1. The worst case scenario is gonna, you know, hits your breakeven point but you'll still end up with some money, right? Instead of being greedy and then, I mean, if you still not be able to kind of deal with that emotions, I mean, for someone like Bear, you know, who's trading all day for you, right? He knows he's set up. He knows that out of 10 times, 20 times, okay? So he's gonna stop out, right? Some of the day. So let's say he got stopped out like 10 times but all he needs is, you know, only one time for the stock to kind of work for him, right? Because that one time is gonna pay back all the 10 times that he was waiting for that stock. So you have to ask yourself, will you be able to do, you know, as he does, right? Or, you know, if it's something that you can do that because you're not patient enough and you know, for someone like me, I just can't hold it that long. And I just have to take some profit. And that's, you know, my personality and that's my style. And so that I have to kind of find something that's worked, you know, for me. So I have to kind of adapt it a little bit. Sometimes I sculpt, sometimes, you know, I try to, you know, get in with small shares and then try to hold it for a bigger picture move, right? But it all depends on a personality of the stock. On this particular stock, you look at the range, you know, lying the same here too, okay? And stock went to four. So technically you have $2 kind of range, best case scenario. So try to be conservative about that. Okay, so maybe one or 1.5. Okay, so the best I could get is like $1 or $1.50 here. Okay, and as you can see, you know, 4.2 and then 3.2 a dollar, right? Another 50 cents. That's pretty conservative way for me. I would like to kind of approach it. And you know, it's been working well for me. So, and I just, you know, can be greedy. Yes, sometimes you cut an offering and you can get it really, you know, down low here, but I just wanna put the probabilities out there and try to, you know, stick to something that's been working so far. So guys, yeah, so that's pretty much about the profit-taking today. And you know, like I said, I don't have any rules regarding, you know, $1 to $3 stock and you know, like $2, I'm gonna take 20 cents. No, look at the chart, look at the big picture, see where the line of the sand is and basically you can tell the range, right? And it's really up to you if you really wanna take the whole meat, like, you know, the $2 right here, or if you wanna be a little bit safer and you wanna take like, you know, okay, so like if I could get a dollar off this stock, it's, you know, I'm pretty happy. So that's really up to you, right? And everyone is different, profit-taking is really hard and sometimes I've got a good entries, but my exit just sucks, right? No one is perfect. So, yeah, so try to find your own style, either scalp and figure out the range here. Okay, so risking 10, 20 cents, you aim for like 40, 50 cents here, whatever, right? Whatever you wanna choose. Scalping, all day fader, but keep in mind for the all day fader, you get a good entry and you have to be patient because you're gonna get stopped out a lot of times, right? But those paper cuts are along the way. You have to accept that because you know when you are right, it's gonna pay back that, whatever 10 or 20 paper cuts before that. And all recycling, you know, short here, risk, and you know, basically same thing as gal, but it's just like you cover down here, wait for the new loads, like add to winner and then recycle the shares, right? And just set it for breaker even. I mean, it really doesn't matter what setup you choose, what kind of personal style you choose, the risk management always comes in first, okay? The risk management is everything. Either I scalp here, risking 10 cents or 20 cents here, whatever, right? If you wanna all day fader, you don't wanna be shorting here, okay? I'm gonna be all day fader, I'm gonna short here, I'm just gonna wait, you know, okay? So no, you have to kind of base on the facts that the lines are working here. Sometimes it's better just to take the paper cuts and then, you know, you can jump right back here once you see a death candle like that. Okay, guys, so I hope it's helpful and you know, that's, you know, it for the profit taking kind of video and if you still have any questions, you know, you can DM me at any time. And yeah, guys, have a good one and I see you guys on next time. Take care. I post a new video every single day. If you have any questions about MIC or any general trading questions, please text Tosh using the number here. Also, stay up to date by watching some of our most recent videos right over here.