 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 today we have a very special video for you guys as Austin who goes by a loha trader in MIC chat One of our head moderators comes back for his weekly Thursday webinar every single week It's 7 p.m. Eastern Standard Time and this week is episode 11 where he talks about preserving mental capital and many MIC strategies he goes over some trades market sentiment and many other topics and While today is just a preview of the full-length video if you want to watch the full-length or any of our exclusive content then become a member of MIC The topic of tonight is going to be traders toxicity Blake you just made it That's him. So yeah, so today we're gonna be talking about trader toxicity and This is I want to talk about it because it's probably something that's happened to everybody And it's all something that we can relate to and I think it's an important topic to go over especially today in this You know, like there are some people on Twitter that are saying that it's the busy market, right? And like, you know good on them But for my setups and I know a lot of people in here set up It's kind of been really slow and dry and you know, like, you know A lot of my trades are focused on small cap runners. We haven't seen a lot of them Been been hoping every single day for him I know like a lot of people in the room have just been kind of coming for the morning and then leaving I don't blame them But anyway, I think it's a good time to talk about it because this is kind of when you know Sometimes desperation can can get you in the wrong spot right where the good market comes and it's always a pain. So Without further ado, let's get started. All right, so traders toxicity. So For people just joining in Web I was gonna look just like most of the other ones, but I'm gonna start changing it up towards the end right before the Q&A session We are I'm gonna open the floor to Inviting a person probably just one person for a webinar On and just you know on a long volunteer basis and if anyone wants to come I might schedule something next week I have James Scheduled so maybe It'll be somewhat ad hoc If I don't have someone schedule open the floor to see if someone's come up and talk about their week or you know Maybe something anything they want to talk about my trade And so I'm just kind of looking for a simple trend trade right I'm looking for this level to reject these lower lows to reject for This is kind of the level that I'm risking off of I'm waiting for the lower lows to reject a little bit On on retest so that we continue the downtrend and it's just be a simple fade trade I'm just I'm giving it that chance to be nice and easy and so on the on the trade This is kind of what happened. So this is the right this right here is the opening to this day I just wanted to capture this larger picture for the idea. This is what happened that right and I'm sorry I don't actually have my save chart because it was such a net trade. I didn't even save it I should have thinking that like I didn't know that it was gonna be like one of the only trades that I made this week So Netflix probably I guess I don't know the best trade of the week is it because it was actually the only trade That actually worked I guess that of the couple that I tried But it was just an easy money technical trading break down trade Right, so this was the trade where like I Think I have the yeah That's the full picture So this was literally just you know like we popped up in the morning and I was kind of hoping for the trend to fail Right, this was after the big balance. I think and I think I was trying to I Or sorry, this was this was on a bounce in the fade And so I was kind of hoping for the morning pop to I was looking for a breakdown Essentially, I was looking for a breakdown and then ideally maybe we go green for red Um later on and we keep fading down. We didn't get that My target was lower days and I got close enough to get my covers, you know lower day was like three twenty seven fifty I counted three twenty eights Three twenty eight fifty is close enough and like I trailed the three twenty nine and Like I trailed out. They're very simple very very met trade kind of the theme of the week But I was willing to get the key thing about this trade I was willing to get back in a three twenty nine failed projected and came back down to break three twenty eight Then I'd really feel good. I'd feel good that this technical breakdown view off three thirty whole number failed Right this the fail the retest and now, you know, we're going down break in three twenty eight We have lower day and green to red right ahead of it as dominoes I'm thinking great. This could actually be a setup for another breakdown trade and I'd be willing to get into that one, too but As you can see like it just you know, we rebounded from there and I never got my second opportunity Right, um sms. I now I didn't trade this one, but I still want to include it just because I felt bad for not trading it like But this is this was a swing long idea. I had Back on this day in the second day after its first day held so strong in the second day We didn't dip we couldn't even dip down past like five twenty five. We were totally held Like we held in we were totally holding strong here on this day And this is when I kind of started to like it for a long so coming into this day You know, I was hoping to see some failed breakdowns which we didn't really get but you know We we start it did hold trend a little bit and that that was good kind of good enough So like over here, you'll remember a few days ago Like I got a couple messages that like thanked me for the alert. I didn't alert this is just an idea that I had right and um like, you know, because it's it closed really strong. It's holding and it's Um, and it's better after like failed reclaims, but we didn't exactly get it Like, you know a fail of you know a bwap failure to break down the morning fail to break down These are good for it. I would have liked to see one last one. Obviously that might have convinced me to get in but this is this was an earnings winner too and When I say earnings winner, I don't want to get like I talked in the previous webinar on how I um separate catalyst and small cap land as shit catalyst and not so shit catalyst, right like um earnings winners, I typically don't even care about right they typically go into the shit catalyst because Like a small cap earnings that lost less isn't really earnings and if they make like once in a share like big deal, right? like I was really kind of um trying to Do that a little bit more with apple This morning So like I I failed on the long so my idea originally was that the stock was going to soar today Because I thought like the spy was gapping down pretty pretty hard And I thought the spy was going to just go straight back to 300 and I was eventually right but like, you know I didn't time it very well But so I figured the spy would go straight to straight to 100 and apple having good earnings Just like the last day. I figured it would just sort straight straight up too Um, so, you know, I I got in here thinking that like view ops holding I'm like, you know It's not the best entry, but I'm you know, it's not it's it's there's experimental trades. Anyway, I'm my plan is to add over high day I don't get it. I get stuff. I sell it and then Righted around this point. Um, I I start to think that like the market's still going strong and this just epically failed So I kind of switch bias a little bit I clip short and I'm thinking I turn this into kind of a relative weakness kind of thesis and I'm right for a little bit Um, you know at this point the spy was ripping and apple was weak and I wanted I wanted lower But I forced myself to recycle based on my other snap trade and kind of how I want to trade large gaps in general When the spy was going really strong and this is when apple kind of tank, right? This this this strong camp handle happened I think kind of like when when apple tanks and And that's when I flipped short them like wow So this is pretty weak considering what the spies spies going exactly up like I think it should and apple's not But um, then there was a moment here when the spy was truly going strong Right and and apple was just tanking right and so I was always constantly on the lookout But when is the relative weakness if it's going to when is it going to turn around? So I'm like I'm almost waiting for a pull on the spy and then I'm seeing what apple should do Um with the relative weakness trade if the spies going up and apples staying kind of weak like when the stock was When the stock was uh pushing up This this was a bounce attempt when apple pushed when the spy pushed up It like bounced up to here to view up and quickly failed again Right and I was ready for that like at this point. I had the relative weakness idea The market sentiment is just there like the market sentiment just sucks like it's I mean There is wow it actually showed the gift. That's so cool. I thought it was just going to be a stagnant picture The market participant everything is literally just dying right sms is holding but it didn't like I put it as a green ticker on it It's a positive for the market, but like it didn't really do anything after that day It's just kind of still holding but I guess it's a green in this it's somewhat green in this market Um apple was was you know like showed really good strength now all of this by the way I made all of this before the stupid trump treat today with the china terrace So this is what the market was before the trump treat. So I kind of want to like separate it The market's still pretty much dead. There's no runners. There's you know, like Um, the netflix recovery is still good. Um, the the beyond recovery was good until like it tanked today um These are the large cap vibes spy reclaiming today reclaimed 300 before the the trump treat and the china terrace and it just tanked So that's obviously the negatives july earnings is in full force Right, like it was full force last week. It's Last last week it was full force last week. It's full force this week and there's no movers, right? So these are all the negatives like I don't even have any sparks of hope I don't even know what to look forward to tomorrow, right? So Um, they're sure as far as technical setups, which is what I like to trade and what I think most people trade It's pretty bleak out there. I'm sure there's fundamental traders that you know, there's always something to dig up Right, there's always something to dig up. And if you're a fundamental trader This is the kind this is the time that you're taking to to research your to research your stocks to To go through all the tickers you think that you know, you might See potential pr's for any, you know, if you have a if you have a big Excel database, right of stocks where Where you have warrants listed for each individual ticker and you know when they expire if their Explorations are coming up. This is the kind of time where you're taking advantage of the the slow Mover time preparing for when they might come up, right? So there's always something to do, right? There's always work to be done even when the market slow. There's always work to be done So that changed this one from last week. We're in the decrepit market This is uh Like last week it's funny. It's so funny how like it's literally like every other week that we can weekend like almost going a circle But like last week we were here. I thought we were going to be here, but maybe we're taking a little pit stop to the decrepit market first As far as technical market This is normally the way it goes. There's a buyer's market the seller's market and a dead market And right now we're we're full in the dead market, right last week It was kind of the tankers market where we had some movers, but everything tank now It's almost like there's no movers and I think eventually as july earnings season comes to a close Our earnings season is we'll be coming to a close. We're going to start getting into the into the into the Everyone's restless like let's start Let's start buying the prs again, right? So into some trigger topics for the week Uh, oh man, I'm so excited Joe like I'm ready Uh, anyway, so a trader topic only go over this is like probably the shortest light I've ever done But it's a really important topic. I don't want to sell it'll be the bottom right or I don't want to cover It's going to be the top. I don't want to cover like I like I don't want to cover Don't want to cover don't want to cover don't want to cover like that means for sure that you're going to sell the bottom We're covering the top like the not wanting to sell the bottom That means that you don't want to sell um You don't want to sell because You don't think the trades over even if your stop is and like the stop has been invalidated and you're still holding on Basically what this means is your stop according to your plan says that the trade should be over Now if you ever are past your stop, we don't want to sell because it might be the bottom First of all that shows that you don't have a lot of conviction in your stop But basically what it now turns into is you're no longer in for a stop so This is a big one for me and this is a personal uh topic. I kind of want to go over and it's the I hope the I hope It's the I hope versus the I think that And I posted a little bit about this in the chat, but I knew I wanted to go over in today's webinar So it's my it's it's personally my biggest struggle and and I didn't really have this struggle until I started longing and shorting but it's I I also used to have this battle when I would short um When I would short stocks, but I I wanted it high right like You know, I wanted it higher so I could short a better setup, but You know, I didn't think it would get very high. It's it's the same kind of struggle. So only so pure short sellers can still Resonate with this So the I hope versus the I think is what you hope you the stock going to do versus what you actually think It's going to do if you had a gun to your head. What what are you going to do? If you had a gun to your head, what would you trade right? How would you trade it if if if your life depended on it if your family's life depended on it? If you had to pick the direction Which way are you going to go now that it may not be the way you want it to go, right? Like so for example dmpi I I posted about dmpi. I thought it was going to just die I I thought it was just going to die or was it dmpi or was it the other one that died? I forget but I post about it in chat like I thought this stock was going to die I was really hoping it wasn't right and so this hope can sometimes Or so long into me and it's it's it's not the best like it's not obviously a good trade and so this but So this kind of stems from my long-term short talk when I say that Longs inherently have An innate good risk to reward but a bad probability in the small cat land whereas shorts will typically have a Inherent probability factor to them, but the risk reward is often really bad by the time the probability is no My question is a question I get I get asked a lot To and I just I never see anybody ask these types of questions because I don't know if they think If they know that this type of q&a is like this But the first question is like for everybody that for all the members that they find Like the setup that they want to track or that they want to trade or that they understand When you found that setup did you find just one? Did you find just two? Where did you start? Finding your edge and when you found your edge What was your mentality when that trade came around? In terms of risk management in terms of Basically how confident you were ready to take the trade can you hear me? Oh, sorry I'm asking you. Oh crap. So I'm not talking I'm coming on here asking you questions, bro. I said I got questions not answers Okay, all right, so If This is a question I've got I've gotten asked a lot many many times is you know that people come in and they They see the three setups and we talk about four setups or maybe in the five setups by now And they always ask which one Is going to be the belt is the going to be the one that I want to trade And they find the one That they want to trade right right and like for you When when you started doing this Did you find One setup that you wanted to trade or did you find five setups that you wanted to trade or did you find two? 10 Whatever it may be and then when that setup or setups came along How did you attack it in terms of risk management and in terms of confidence? Did you immediately as soon as you saw that setup you were like sweet, baby Jesus? This is like a fresh gift on a christmas morning I mean or or were you like were you a deer in the headlights? Be that you knew the edge you knew how you needed to trade it But it's that it's that hesitation of hitting g1 on the hot tea and you're like So the answer is The answer is I was a little bitch That's the answer. I was a little bitch like literally like I would I I would see it I would know the edge and I would be like yes But like I actually said when I first started trading and I knew it was crap But I was like, you know, maybe I'm gonna be the the first trader to not ever have a loss Because I seem to get this pretty good I actually said that like no no bullshit. What a dick. No, bro So just just having that in my mind like I'm not gonna lose. I'm so right like I would see the setup. I would know and I'd be like, well, let me just make sure that this one like works I don't know. I'll get the next. Yep. Now That'll pan into the next question here And this is a this is a question me. So me and james and divan Or dr. Blunt um have We have a little like text Stream that we we just text the three of us just text each other all the time and we talk about anything and everything stocks life anything else and One thing that we Mentioned all three of us mentioned was So I'm big on uh Always knowing the fundamental reason for the move um And knowing You know what the float is what the market cap is what institutional going through the motions You know all the checklist that everybody looks at doing that stuff, but All three of us had said the same thing And this is really what it came down to was uh The biggest trades we had We knew the least amount of information about the ticker 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 dot com That's tosh at my investing club dot 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