 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 to our members The event is 100% exclusively entirely 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 free again for annual and lifetime members If you are interested in signing up and attending for this event DM T Bradley 90 in MIC chat and or email myself at Tosh at my investing club calm Now today we have a very special video for you guys as one of our head Moderators Austin who goes by aloha trader in chat is back for his weekly Thursday webinar He has both long and short biased and Austin goes into talking about MIC strategies Market conditions and he takes members questions live and not only him, but this week T Bradley 90 Myself was a guest host and it was so much fun Answering questions and giving a different perspective on anything that the members asked So it was a very fun Q&A between the both of us While this is just a preview of the full-length two-hour webinar If you want to watch the full-length video or any of our exclusive content then become an MIC member All right All right, so let's go So this this webinar is going to be talking about self-awareness now This is one that I kind of wanted to do for a very long time I wanted to talk about self-awareness as a trader because Try being the best trader you can be like you really can't compare like bow always says you can't compare your level one to someone else's level 20 you really can't and and like we were just kind of talking about this in after hours how Or agent agent was talking about this in after hours how you know you can sit next to the you can sit next to the best trader in the world and Still not trade like them and that's because we all see the market a little bit differently, right? There's always that little something different that each and like core fundamentally that like it spreads out through the Through many different forks in the row when it gets to the surface level of what we're thinking about when we see a Stock move or when we see a stock stuff or something But there's that core difference like that core different understanding that could be slightly different at the core that just you know like That when you when you bring into the service, it's you know We're in two different spots even though we're only this different at the court branches out So we're gonna be I'm gonna I want to go over specific examples about how you can use your own self-awareness to your advantage and how You can kind of protect yourself for against some Potential, you know just common bad trades and you can try to eliminate that yeah, so this one gonna be a little bit different I'm gonna go over some important trades and I say that again with a grain of salt We're entering into the summer and the important trades. I'm trying to pick out the ones where lessons can be learned Not nothing really spectacular this week, but got some trades in it in here and there We're gonna go over weekly mark market sentiment every single week. I think that's a good reminder for us all but kind of like maybe nudge our nudge our own Decision-making's on profit-taking or entries or how conservative or liberal you want to be with with your trading I just trained. I just changed key topics and traded topics. I think it sounds good There's one or two that I kind of want to go over then kind of like a highlight of questions lately and And we're I'm gonna bring back the cypher for this one because self-awareness is at the heart of this video I think it's deeply rooted in psychology of trading and and that's what we're gonna be going over mostly today and after we're gonna do the Q&A session as always so get your questions ready and Tosh is gonna help me out with the answers Yeah, Tosh is gonna help answer the questions and we're gonna get to hear get to hear us from Tosh what? What he has to say to the group? He got some good stuff for us. All right, so important trades This is trade I made I think yesterday. Yeah, yesterday RWLK it so this This stock was a stock that announced the exercise of warrants right before the market opened and it totally took this mean dump right this mean dump and they they they announced that the exercise of the warrants was at $7.50 and so this is what I consider to kind of be Kind of mixed news like obviously it's bad news right like that That it's being offered at a discount But the fact that the price was $7.50. This is the daily as a little snapshot of the daily chart We were trading in the threes right we were trading in the threes and on this on the PR that it had Gapped up to like eight nines and and and bought about ten and you know the fact that we off Offered you know the warrants got exercised to investors at a price of $7.50. That's pretty that's pretty high Like I didn't know what whether to consider that it's good news or bad news. So it was pretty conflicting So this was kind of like I'm kind of this is one trade and these are all not really the best trades But I the reason why they're not the best trades is because I'm not actually that good at trading three takers at once I don't often do it But like this is this is a I've been trying to get a lot better with my low-hanging group trades and just Putting fantasy orders out there and hoping that they get filled well right around this time I kind of got filled on a couple different trades both at once and I really wasn't used to it So like you see like I my covers are very conservative on here Like I sort of ELTK. This was a this was a low-hanging through play I posted that I had orders in the 50s 50s 60s 70s and 80s and I only got the first one and Like I immediately get the fill and I got the fill on this BLI and to like this was actually kind of a furu short Just using the lines basing it off four dollar resistance. I think I got a furu push into me So that was really nice. I got the fill Um, but like I here I got filled and I got filled over here and I was like wow like and they both just tanked right away I just I kind of just took them off without thinking one thing I should have done was just kind of had the orders Near low a day that's always where like my targets should be on these low-hanging through plays is the low of the day IFRX was a trade I took and the reason why I want to emphasize this trade is because this was a very good SSR trade There's also a good example of just following the trend like this stock was is a bust a chart It was down 90 on like like failed trial news or something just really bad news for a further company and Whenever a stock's down 90 like the first thing that the first thing everyone thinks about this bag holder Like how look at how many people are stuck all these people are stuck and um You know, you got to think that there's going to be a lot of selling or On the flip side a lot of dip buying so at least you can identify the two sides of the trades Right, there's going to be a whole lot of selling, but it's also down 90 percent There's always going to be those on sale buyers So I were people trying to average down in their position thinking that hey, this is just at 35 and now it's at 5 Like maybe this is overreaction. It could bounce back up to 20 You don't really see that a whole lot, but there's always that idea So these are the two conflicting ideas on the trade and I thought the back holders were going to be stronger Because it was like 90 percent sometimes you may get the bounce buyers on 40 or 50 percent dip buyers But 90 percent is pretty severe and I figured there's going to be a lot of exiting Uh, yeah, so those are the trades. I was going to go over now. So the market sentiment lately has um Well, it's been two weeks since I did my webinar, right the the week that the the week that I had surgery was really was really good like Kind of when solely was just starting we've had a lot of market we've had kind of a lot of market participants But we've definitely kind of been slowing down. I think solely in el tk definitely the good a positive like active buy market runners that um are you know leading the way Obln's recovery if you if you take a look at obln like when it It totally had a turn of tank. It totally came back to make new highs. That's that's a really positive thing I think for the market sentiment g and ca was an insane runner kind of put shorts on their butt a little bit, right? Definitely in favor of the long side The negatives is that some I feel like somewhere's finally here like like I remember like Yes, yesterday and today like it's just kind of in crickets, right at the open like just not much of anything Like today, I even said like it looks like it's going to be a day where you just leave early and don't lose a lot of money rwlk exercising that warrant. It's definitely not healthy, but Um, I should have left this as black and not red, but the news isn't healthy I think that overall that it's bad news that we got that Um That that announcement right before the open I think that scares a lot more virus I put it in the red category DMP is offering was not nice, you know that that just kind of it ruined a play kind of it It ruins the play for longs, but it also kind of ruins play for shorts who didn't get it because now like People feel like the market's dead again Like people feel like maybe no one's going to buy because they're afraid everyone's going to offer No one buys and no one's going to get good prices short at spot totally got annihilated These are all like the negative factors in the market So we're kind of in the middle, but I definitely feel summers here and we're we've got a little bit slower time to fear the worst to fear Is the july earning season? I think this is the slowest time of the market and it's coming up next month so that's definitely um What i'm not looking forward to that that might be a time to even take off But hopefully normally in the summers there's always that one black swan like as it's super dead There's that one black swan that throws everyone on its ass That's my spark of hope right now. I'm hoping we get it. ABIO is kind of that runner Hopefully we get an even stronger one something that like really ignites something that something with good news Maybe something that even trump tweets. I don't know Um, something that can give off something that ideally something that can give off some sympathies Right like the shipping sector has a lot of sympathies or you know like the bitcoin That's something that it's going to um ignite some kind of sympathy Um, yeah, so right around I think we're right about here We're trying to get into the buy now ask questions later But summer is kind of like weighing down on this decision that we keep moving back to the dead market I don't know if we're truly going to get in this market before july earning season It's going to take a black swan and maybe a week of goodness, but that dead market's coming I think we're going to be pushed back a little bit This is where I think we're at for those new this is the three segments of the market that I think that we um That I think that we have in small cap land There's the market where everything rips and then everyone gets so used to buying everything and then Everything gets long crowded then everything starts to tank because everyone gets too overly long bias on everything And then nobody buys anything because everything's tanks and then we end up dead markets That's just quick recap of the cycle So how do you want to start this bug you want to ask questions or should we talk about random topics? How do you want to go about this? Uh, yeah, uh, yeah, I did hit the record button. Yeah, so, um, uh I know that you had something that you've been dying to to to talk to the guests about maybe we um We can give them a time to ask whatever questions feel free to start asking questions guys and um the floor is yours buddy Yeah, man Well, there's you know, there's just a lot of things that I want to talk about today and that new traders kind of Message me daily and like one that I usually get every single day Is you know new traders come into m i c and they see you or they see me or alex You know maybe even brian anybody, you know making money And I want to kind of exercise a little bit on the topic of like are you ready for real capital? Are you paper trading? Are you back testing and the way you're back testing? Are you even doing it right that will make you better because there are ways to back test that sure You'll be able to back test and then there are ways to really make you a better trader And you know, I see so many people dude. I had a guy today that was like dude. I've got $25,000 in my account. I just lost $4,000. I don't know what to do. I'm like, bro That's you cannot be risking that much and let alone you can't be guessing man. You cannot be guessing so You know really quick just to just to the new guys on when it comes into m i c or coming into any chat room or Or community or whatever do not Like like austin said earlier, you know Do not compare your chapter 30 or chapter 40, you know to your chapter one, you know me and bow or alex You know, we're all on our own journeys, you know, I'm nowhere close to bows and alex is on his own We're all on our own chapters And if you're chapter one and you're still asking, you know, what short float percentage How much should I be risking? You know, should I play big caps or small caps guys? If you're risking real money for the love of god, please put a break on that, you know Put a stop sign in front of you just for At least a couple weeks to a month. I just man I feel like it's such an obligation of mine nowadays to keep you guys safe And to make sure you're not doing what I did in the beginning or what austin did to me or alex Yeah, you really learn about uh, you really learn How much capital is worth when you just throw away money on days when you're like, I totally could have saved that, you know So so when I first started trading, man, you know the the thing about new traders, man is here's what they do They start buying anything that's up, right? Like they buy pre-market breakouts They buy it because it's up and the thing that um the thing that New shorters do as well is they do the same thing. So just because it's up they'll start shorting like Like breakouts are high of date, you know breakouts and this is terrible, man Like you don't just short a stock because it's up And you don't just buy a stock because it's up or you don't buy a stock just because it's on sale Or like declining a bunch, right? Like I see a lot of guys Buying a stock when it goes red Because it's on like a discount, right and it's like dude, that's the worst thing you do So it's about establishing patterns and these levels and understanding our curriculum At m i c like the cool thing about m i c guys is like we've got we put a bunch of heads together And we were like man, you know, not only can we make ourselves A curriculum to make us trade better But how can we keep a thousand plus traders safe? And that's why we literally developed, you know day one the first bounce long Day one the death line short day two the low hanger that ran and got slaughtered from the day before So now bag holders are going to want out in day two for a short But there's you know, obviously there's rules and guidelines between all this stuff And we recommend that you watch the videos But we do have a curriculum that works And the number one thing that I sorry osso. I'll let you get in there number one thing That I see new traders come in is they're trying to trade them all And whether it's real money, whether it's you know paper money, it doesn't even matter It's about identifying your process as a trader So what works for you and whether a long works for you whether a short works for you and then mastering one setup So you are a master of one and not a jack of all trades I don't want you in the first week of your trading career Trying to do death lines trying to do first bounces trying to do day twos trying to do options I want you to zero in and focus on one for at least like a week On paper and see if that feels right for you if longs feel completely Just unrelatable to you then try shorts for a week and see if that like it's like I swear to god like i'm so short bias It's like a different part of the brain. That's like like chemical reactions. I swear It's like i'm like using the left side versus the right side or vice versus So I want you guys to kind of pinpoint what will work for you Rinse and repeat on paper and then once you prove it to yourself that you can do it On the right kind of back testing. That's when you start risking real money is when you never go Oh man, I need alex to show me the watch list. I need to know what he's thinking to bank on this That's not the point of a community the point of a community Is to get yes to get help but to get clarification different perspectives and all that but to also go in already knowing what you're doing And if you don't already know what you're doing, then I want you to back test on paper So that's my starting rank. Yeah, I agree. I agreed and It's funny. It's like you're explaining a lot of my my my dms daily And yeah, kind of what like brian just talked about Some guys only have one shot at this thing Let me tell you the way that you really only have one shot at this thing is when you have a $25,000 account and you're risking $4,000 Right, that's it. That's that's a you know, that's a little too much risk I would say and like the name of the game the name of this game is risk risk management is king and One thing I wanted to interject with you that you said is that you were talking about like low hanging fruit and first bounce and And death line setups one thing I really like about these setups That maybe you can go over into your process on is the Like how do you determine risk on these setups because one thing I do like about all of these setups is there's there's a really good risk That you can that a pretty solid risk that you can base off on on all of these setups a lot of the time So I'd like to hear your how do you how you tackle that approach on how you risk on these setups? Well, I'll go over all of the setups in specifics But you should know I'm really only a short bias trader. So guys when I speak to you I'm very much speaking from a short bias mindset and a guy who longs probably once every six months So but But when it comes to you know, let's go in order. So like when it comes to the first bounce, you know The worst thing you can do Is chase the top, you know If if a stock is a perfect first bounce candidate I'm waiting for a massive massive big move to the upside. It cannot have dilution You know, it's way over v-wap. It's a very strong parabolic because it's like a bouncing ball when it comes back down, right? There are it stocks don't literally just go up straight and then go straight down So I like, you know a quick sharp big pullback down the v-wap that corresponds With a notch or a niche depending on if you watch thou or harry's videos And it's kind of like a double support, right? So you have the notch You have v-wap and then I'm immediately if I'm getting in I'm setting a stop Probably 30 cents under v-wap. If I get that slam, I'm out of here. The machine's gonna take me out But that's more along the lines of a first bounce and that's got to be on day one That cannot be on day two for me to feel comfortable. It can't be on day three These are less chances of it working, right? Even though it still can Uh, so number two number two, you know, I'm a short bias trader. So the number one thing I'm looking for guys is not only backside I am looking for a slam under v-wap and corresponding with if a big death candle slam under v-wap Corresponds with what's called the death line break or like a neck snapper and then Instantaneously a big support the death line was taken out And then I'm immediately getting in and I will scale up to about 50 percent of say whatever it was So say the death candle or just above v-wap and I'm setting a hard stop out So that's kind of like, you know, like the opposite of a first bounce long is I'm waiting for these very very clear indications of panic So whether it's a panic to the upside to buy on the dip or it's a panic to the downside to short that pop I like it and you know what's funny is um You and I like always have this joke between us like we we you and I have the exact same favorite setup And it's it's almost it's in correlation with the death line setup But it's that you know, I'm talking about that first short that on that first bounce after It's the best. It's the best setup ever. Like if you want to talk about it, uh, it's Well, the The reason why I like it so much bro is like before any trade I like to put my mindset in the opposite side, right? Like as traders as the short buy is trader I need to know going in what the longs are feeling thinking and what they're pre planning already So say it's thought or like actually awesom. Can you pull up a chart right now? Sure, bro Pull up. Um, what was it? Uh, I was kind of away from screen say, but it was a ctrv, right? If I'm remembering correctly That okay, so nothing in the morning like nothing really like gauged me in the morning But I will say that That okay, you see that slam midday. I I'm on a phone. So it's really small right now But that that slam right there is exactly what I'm looking for. I am waiting for the second where longs go Oh, shit. I did not expect that to happen