 Hey traders, this is T Bradley 90 from the my investing club chat I'm one of the top mentors and moderators in chat as a special gift to our viewers on YouTube We have created a free two-hour course to help teach you how to start a consistently profitable trading business and identify high-paying setups in just 30 days There will be limited seating every week so register for the course and reserve your spot now Using the link in the description as a special bonus for everyone that watches the entire video We will give you the link to a free 10-hour additional mini course that has never been released to the public Register now before all slots completely fill up All right, so today we're gonna be talking about the first resistance, right? So the first resistance short. Hey, what's up Nick? the first resistance short is The first set up I ever learned right is the first set up that I ever was like oh That's why right like and like until I remember I like I gathered actually on my on my laptop Which I no longer have like a really annoyed my my first laptop I ever got I was in college and that laptop broke and it had all of my safe charts That's really annoying. I didn't have all my old ones But yeah, it's it's a setup that I gathered all of my charts on It was the very first set up I ever learned and we're gonna and I'm excited to kind of talk I was we were gonna talk about it last week, but then Si and T stuff happened and I'm like What's up, Sam All right, so first of all, since we'll get to it so today we're gonna talk about the key traders of the week For those of you, this is your first webinar. I Always go over the key traders of the week in this webinar. I like to talk about the market sentiment that kind of gives me Not a direction of my trades like but it helps prepare me to Maybe be more cautious on the long side or more aggressive on the short side or either or coming into the next week So I have to talk about market sentiment. I throw in some large-cap stuff, too We're gonna talk about different. There's a different trader topic or two that I talk about every single week depending on what's hot and what's not in the chat room and then Weekly I change like the fun segment sometimes to talk about strategies, which we're gonna talk about tonight the first resistance short and other times You talked about psychology and those are actually my favorite ones Other times we get into like Executions and good stuff. It's the person who's since and then we're gonna end the we're gonna end the webinar with a Q&A and Tom diesel our our newest moderator is going to be our guest speaker So, okay works works. So Yeah, I actually kind of had a slow week in small cap land like we had some some business But like I was I maybe did a lot of large cap trades this week mostly scouts, but Anyway, so this is a bit this is a very easy trade for me This was I did this trade when I was kind of doing other stuff Like I wasn't even really monitoring this trade like this was one of the like it's always fun when you can trade kind of Robotically like I was in and out of my seat when I was doing this Just like I was you know, I would I was going it I had some other stuff to do so I could like you know go make breakfast put this on right I could be very robotic about this kind of trade and this is because it's a trend trade I know exactly where my stuff. I had a hard stop in this trade. I know exactly where I should put my stop I know exactly where I should put my ads and I know exactly where I should get my covers depending on what ads I get right So anyway, this is next with Roku That was this was today and this was kind of a just a ho hum trade But this I wanted to I put this here because it's a good comparison to the work trade that I just did right So here I am basically trying to trade this as a trend as it is right, but look at what I did Right, there is no low or low here, right? I this is now This is definitely an anticipation trade right see the different screen see the different screen this one I get my lower low and I'm into the pops compared to this one where I'm trying to guess the top This is an example of me anticipating the setup, right? I'm I didn't get a confirmation of this out These are more feelers that I was trying to turn into a trade right and normally these don't work out for me But I've learned about these trades to just don't marry them, right? So, you know, I didn't marry it and Because this was Roku and it's a heavily shorted name the SSR was on it had a big red day yesterday And this is into the balance. I'm keeping well aware the fact this can recover, right? And that this could very well where I covered some down here I recovered a quarter down here. So this was basically like a break even trade. All right. And so Yuma. Oh Why did I call this Yuma? That was a mistake. I That's why I can't remember SPI. This is supposed to be SPI This is my I don't know because I want to go over Yuma actually Yeah, here's the SPI trade, but I don't remember putting it in here because I know I named it Yuma Which is really dumb. This should say SPI. I don't know why I have Yuma on here Anyway, so what I was going for on SPI was the washout long I just was a very like wash out long into support down here. This is kind of very classic setup for me, right? I'm going for the wash out long I'm starting in like hoping to like I have cells in the high 60s high 60s and 70s Right, this is these are where my cells are currently at the time And then we keep going down and I'm getting close to I'm getting close to stopping out of this trade Because the wash out long kind of isn't happening, but I'm trying to give it a little bit of I'm trying to give it a little bit of slippage a little bit of extra room to maybe like it I tried to hold here and it goes to tank and everyone chases down here and I get some solid ads on the trade I think I have like a 36 average or something like this like I'm like I'm right in it I'm like right in here. All right. So those are the trade. Yeah, so I know why I have Yuma up there You guys have to remind me Yuma is important to the first resistance talk that we're gonna have I'm gonna have to find it All right, so yeah, so we actually have a lot of movers like I tend to make this kind of smaller than normal But it's almost 50 50 again, you know, like last week was 50 52 with the greens and the reds And normally it's mostly red in small cap land But this time we're seeing some some movers and for those who are this is their first time of the market sentiment this is where I assess all of the the main movers of the week and The the red and green does not necessarily mean that the stock held green or the stock went red I give it a red or green based on what I feel like the if the expectation of the move was superseded which is green or or You know underperforms which is red and some of these red ones just like popped up and died Which is why like a lot of these failed pumps like drag just kind of like popped up and totally died Right like paper popped up and totally died and PSL popped up and totally died And that like you expect some kind of play some kind of momentum some kind of like Volume to the stocks before they die and that's kind of normal. It would get a black right there But these just kind of just fell lackluster these stocks all held the gains stronger than like I feel Most of the market was anticipating since it's still hanging in there, right right now I think we're dead in the middle, right? I think I think we're dead in the middle of The market right like we've been over here. I still think about to put us in this chain I'd put us right here. We're kind of fast to buy now as questions later There's none of that super hype that comes from the dead market, but it's a steady market So I don't think we're in the tankers market. We're kind of right in the middle So that's where I feel we're at and so I didn't change that So anyway, so a healthy borrow right A healthy borrow you you guys are gonna Hear me talk about you guys are gonna hear me talk Hear me talk about this In the chat from time to time and you've probably heard me talk about a healthy borrow But before I get into it, let me talk about like The the the basic of the borrow game for all the new traders out there, right? uh the borrow game is basically um When you're fighting to be the only one to have the bar right in a perfect scenario You are the only person in the world that has the short and everybody else in the song In the song the only one else in the stock Um has to be long because you're the only one in the world who can short so that means If a stock spikes up That means it's it's not spiking up on any covers It's only spiking up because people are buying it at high prices and people are buying it at high prices When the stock turns around everybody turns into sellers, right? So if you're the only person short the only Trades that are going to be that are going to happen once the top is put in once the buyers Stop buying the only trades that are going to be taking place are going to be sells And what happens if you're the only person covering? Well, you basically get to control the price, right? Your cover is going to be where they get to sell, right? So if it's you versus there's only you and one other person They they're buying and yourself if you're buying, you know, you're covering into their cell What's the what's the sharp ratio for your trading strategy? I want to know the historical of variants of yours. No on this game I knew it. I knew it. What's your favorite setup? What's your I want to know. What's your bread and butter? What's um What's your favorite? Yeah, my favorite setup is uh death line and low hanger I you know, I I like those because I can you know, use size on on on like on those especially on low hanger It's like, you know, when when stuff is dead On the day one and and then got to day two, right, you know Put short head like the pops all you like, you know with all the size you want but you know The problem lately is you know It's it's the the locator is quite expensive lately, you know with the low hangers. So yeah, okay, skip it and and And switch it to a deadline strategy more. So Sure. So, um, yeah, so if as one thing that frustrates the crap out of me on low hangers Is never getting a full fill ever exactly. Yeah, right How do you how do you deal with that right because I know a lot of people want to trade the fantasy your way because it's Like, how do you deal with it? Yeah, lately. I was like, uh, waiting for it to pop And then I I locate so if If the the stock couldn't pop to a certain point for me So I'm I'm just gonna, you know, pass it, you know to the next one. So, uh I'm just waiting for the stock to pop to my line And then I you know get some shares So because uh, you know, that's for sure. I'm I'm I'm gonna use that so It's got not not on could go no waste, you know my locates on that one like that Yeah, and that's honestly, that's what I do too. Like I think I know On it. I always locate small I locate like I look at what I call just in case shares Just in case the borrow goes away. I have something And yeah, the the problem is Is like I'm I'm using tz right trade zero and you know, usually they cost like four cents, you know five cents Sometimes even 10 cents, you know, it just doesn't make sense to To get something and then not using it at all. So right Yeah Cause doing business Yeah, yeah, I want to make sure I didn't miss any questions here Yeah I'm into I'm into last, um Okay, let me just make sure and then we'll catch up Yeah, I don't think so Um Oh bottom fishing says, um Trading this doesn't scare you with the limit up that doesn't change your mindset on the pattern That was a good question that I didn't address. Um Uh I'm certainly afraid of limit ups, but I guess what I'm more confident in is that the resistance is going to hold Um before like before it gets to the limit up, you know what I'm saying? Like and and you can be afraid that like the limit up is going to happen before the first resistance line hits But that's exactly what happened today and alex and vau both nailed it Right just because it limit ups before the resistance that doesn't mean people are still looking to attack it right there Um, I think I'm gonna do that one All right, um Is there a difference between scalping and nail and bail uh, you want to take that film? Yeah, I mean It's it's pretty much the same, you know for me scalping or nail and bail You just you know aim for but the quick move is like Like front side shorting and front side covers. I think it's it's pretty much, you know What I did, you know when when I'm shorting front side And so I'm I'm just aim for the the quick scalp, you know And be done with it because I don't want to The the the stocks, you know Going against me on that so Yeah, I think it's it's pretty much, you know the same for me And bell or scalping Yeah, see I um, I think it all depends on like what your average timeframe like Like a swing trader calls every one of us in this room scalpers, right? Yeah Like if like if you know like if we're trading intraday, that means we're scalpers some swing traders for me scalping means I'm so I have I actually have a I actually have a distinction for me So a distinction I use for um scalping versus nail and bail is My scalps are always range old strategies meaning I'm literally like I'm not waiting for the support to break I'm covering before it breaks But I'm looking for the smaller profit because I don't know if it's going to break but I'm taking it for My nail and bail is I want it to break and the second it breaks. I'm probably trying to Cover after the break because that's my distinction Okay 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