 What's up everyone? Happy Monday. So as you could see this is a different setup than what I am used to So I am in Miami. Let me actually show you guys my Miami setup. I Have a full computer full setup for everything here. I Feel very comfortable to be trading on this. I am not very good at trading on a laptop or trading Via, you know mobile setup So, you know now that I plan to come to Miami more often for vacation or spending time as a family You know, I have a full on day trading setup. Very powerful computer. Yeah, I don't have four monitors like I do at home But hey, it's still pretty good. So I want to talk about a couple concepts today Before we get on to the main topic of the video. So main topic of the video today guys is stock selection So over the weekend if you guys have seen the previous videos I posted I posted two I think three videos last week. One was a normal Monday YouTube live one was about a Experience I had running into a hedge fund manager and one was a video on how to make sure that your Winners are bigger than your losers. So before you watch this video I would highly suggest that you watch those two previous videos as well Now the main topic of the day is stock selection. So what is stock selection and why is it so important, right? So I I think every person has a strength in Trading right just like every human is very unique in their own certain ways and as an example Bow is very good at multitasking He's very good at having his hand in a bunch of different stocks at the same time Pretty much called bandwidth. So he has a lot of bandwidth to trade these stocks That's his Skill that's his superpower and that's his specialty now I would say my specialty is stock selection My specialty is being able to identify Which stocks have the highest probability of fitting to my criteria or fitting to my strategy stock selection That's why I am in charge of making the daily watches every single day I would say my talent is picking the right stocks to trade right picking the right stocks to trade is what I'm really really good at So why is that very important in trading and why am I making a video on this? It's because if you could see from the morning watch list that I put out and the daily Commentary that I put out every single day I am trying to narrow it down to the top one or two stocks Every single day that have the highest probability of working in my favor For me my special talent is not multi-tasking like that My special talent is less is more So what I like to do is I like to focus on the top one or two setups every single day Focus and use more size on that setup Rather than trying to use less size on multiple different setups So for example rather than trading 10 stocks at a thousand shares a stock I would rather trade one stock at ten thousand shares, right? That's just me. That's what I'm good at So I'm in charge of making the watch list because after eight and a half years of trading I have been able to narrow down What stocks fit my criteria the reason why I'm able to narrow downs because I've lost so many times Trying a bunch of different stocks that I know what stocks to avoid and what stocks to trade So what's an example? For me as a short bias trader I want to avoid stocks that have low float Low float for me is anything less than five million shares in the flow if a stock has a float of one to two million I am petrified of it Then you have runners like DB GI today that are one million share flow and going crazy, right? So step one of stock selection for me is Recognizing what stocks I do not want to trade on the day, right? So think about that I'm eliminating the stocks that I don't want to trade on the day as my first step in selecting The stocks that I do want to trade on the day, right? Because if there's five different stocks moving and four of them or low float stocks Chances are those four that are low float I want to ignore and I want to focus on the stock that has a larger float or stock that is more in my favor So it's my responsibility to make the watches based on what I think has the highest probability of fitting my setup, right? so Most other places they have a watch list of 10 to 20 stocks They have a watch list of 50 stocks They have a watch list of every single stock in the market, but our watch list is really small Our watch list is about four to five stocks every single day because I believe That in those four to five stocks, there's a high probability of us making money using our strategy now Your job is not to trade all five stocks. Hey, you can if you want, but your job is to take that list and narrow it down even further to what fits your Specific criteria, what fits your specific strategy? What fits your specific personality? So today for my stock selection, I was ignoring the hot stock DB GI I was ignoring the hot stock KT RA My focus my focus was on the side stock, right? Sorry. There's right here TB LA The reason why I was focused on TB LA today is because I thought that based on the setups Based on the up other opportunities on the day I thought that the low float stocks on the day We're gonna take all the attention away from this stock. So at first I was not interested in trading I did not know where the attention where the money flow would go to which stock would become hot Because as you guys know in the market there's usually one or two stocks that take all the attention that take all the hype that take all the money flow and Then the rest of the stocks just slowly start to go down How many times have you bought a stock? It looked really hot then all of a sudden a new stock is running Then your hot stock could do cratering, right? For me as a short bias trader as a trader that makes money when stocks go down I am looking for that money to flow from one stock and into another stock as That money separates and as that money leaves that gives me an edge So today there was a lot of low float stocks moving today There was a lot of 1 million share 2 million share stocks moving DB GI KT RA were very low floats So number one is I eliminated those stocks from my radar Step one of stock selection is eliminating the stocks that you don't want to trade if it's a nano float low flow I'm not trading it eliminated it Now here comes in TB LA TB LA was a stock that went from I think 315 pre-market went down to 270s pre-market and started to bounce My thought process was if TB LA pushes at the open gives me a rejection candle gives me a stuff candle Gives me a death candle gives me some sort of signal that says hey Wait a second the money is leaving the stock and then over the low float stocks That tells me that there is a signal that I have an edge on this stock TB LA and that is where my stock selection comes in my stocks like came in eliminating the low float stocks Giving myself a criteria giving myself a signal that says if this stock TB LA does a death candle. I will short the bounce. So all I'm doing is waiting for money to flow into hot stocks When the money flows into hot stocks and there is a death candle signal on a side stock Then I'm gonna trade then I'm gonna attack and that's what I'm gonna do So let me actually show you my trade for the day on TB LA so that you guys can see it very clearly. So This was my trade on TB LA right here. If you look at TB LA it had a morning push death candle I shorted the bounce I Added to my winner Now my thought process was if this stock pushes and fails three dollars I Will add back in and I will scale back in into my winter if it reclaims the high of the day That is my signal that I am wrong on the stock and I will exit so just so you can see I'll zoom in further it pushed Had a death candle Shorted the bounce added to the winner Set a stop at the high of the day went three dollars three dollars Three dollars failed I added to the winner and I just covered along the way took my profits and ran, right? So that was only possible That was only possible because we had hot stock on the day taking the rest of the attention and taking the rest of the money Flow so my edge as a trader my edge as a short bias trader My edge in the stock market is waiting for a hot stock to run letting it run and Then the side stocks that people aren't paying attention to people don't care Then I'm gonna short it then I'm gonna attack it only after I see a signal So that is why stock selections very key because if you do not know what stocks to trade on the day How are you supposed to determine what setups to use on that stock? So for example, if there's 15 20 stocks moving on the day Are you gonna try to trade them all are you gonna try to throw a dart and nail them all or are you gonna try to first? Narrow down which stocks don't make sense for me. I'm not gonna trade stock That's $50 a share $60 a share, you know for me my sweet spot is two to ten dollars When a stock is trading in the two to ten dollar range, that's my sweet spot I'm not gonna short a stock that has a one to two million share float. I'm gonna short the stock a TBLA that has a two hundred million share float. Okay I'm not gonna stay and look for an all-day fader when a stock is easy to borrow So these little warning flags these red flags these Criteria that I'm using to narrow down the stocks to trade is What I'm using to say, you know what? Forget these stocks focus on these stocks, and that's how you're gonna make your money So today today while everyone blew up on DB GI when everyone tried to trade KTRA I'm over here waiting for the death candle shorting the bounce and adding to the winner if and only if It does what I wanted to do on TBLA I mentioned the only way I will add is if 295 VWAP breaks if 295 VWAP breaks I do not care about ruining my average I do not care that my average is gonna go lower because at that point I improved right I have the ability to risk more because odds are the probability says that the stock is going to go lower So do not be fearful of ruining your average You only ruin your average if you add to a loser if you are adding to a winner after it does exactly what you wanted to do That's called adding to a winner and forget your average because right now the stock is telling you you are right It's time to double down and when that happens That's how you make your money So does that concept makes sense of stock selection your job as a trader every single day is to narrow down which stocks you do Not want to trade and then you will have a list of stocks that are available to trade and then from there You narrow it down to what stocks fit your criteria. What signal you are looking for, right? What signal you are looking for? So as a short bias trader a signal I'm looking for is a death candle and Money to flow into a different stock a new stock to take attention as a long bias trader I would be looking for stocks that are holding above the web After 10 30 a.m. Zombie times and look to go long especially if they are low float stocks So it's just the inverse guys. It's just the inverse. Does this concept make sense? I know this week. I made a lot of videos. I made a video on Monday I made a video about a hedge fund guy in that I made a video on how to keep your winners higher than your losses So this combination and this video about stock selection to be honest guys if you just watch these four videos That's already like step one to five and getting started trading and the reason why we come out here and make these videos is because number one I need a reason to stop trading because I'm a degenerate gambling addict when I want to be trading So I need to walk away from the screens The best way to walk away from the screens is to come out here and make a video and number two is I already have so much fucking money so many watches so much everything that I do not need more, right? I do not need more. I showed this off in Last week's video and believe it or not. I got a lot of views, you know This is I got nearly a million dollars and watches right here. Just sitting next to me I got my laptop my cash or everything like that I just got this sitting here and sometimes guys is very discouraging that I have to start to brag and flex for you guys to understand that this shit works, but The point I'm trying to make is man. I already have everything I want. I have literally everything I want I have a super car. I have watch. I have millions of dollars in the bank. I have a hot-ass girlfriend I have everything that I want. I'm fucking bored and the only thing that brings me happiness and fulfillment now is being able to Help you guys. So here we are man. Here we are every single day every single Monday for the last four years Four years every single Monday. I've come on here and made a YouTube video Why it's not for the $100 and you too bad revenue, right? It's because I find value and I find fulfillment in being able to help mentor and coach other traders the same way bow My mentor helped train and coach me, right? So do you guys have any questions on these concepts before I continue? And if this is all making sense for you guys leave a like on the video Subscribe to the channel and stay tuned for more videos. So do you guys have any more questions? So keep this in mind as we are having a live trading event next Monday or Tuesday I'm still trying to work out the details of bow. I'm gonna have a call with bow after this YouTube live But basically next Monday or next Tuesday We're gonna have a live trading event for lifetime members where bow And I are gonna go on zoom and you guys are gonna be able to watch us and trade with us live And that's gonna be exclusive for lifetime members. So as you guys know We've been running a Black Friday promotion to join MIC We are bringing back the monthly membership We are discounting our memberships about 60% and we plan on raising our prices on January 1st Due to inflation. So just so you guys understand, there's about 12 hours left to join MIC at discounted prices Monthly membership is discounted 30% annual membership is discounted 60% and lifetime memberships are discounted nearly 70% And the way it works is if you sign up for lifetime during this promotion We're gonna put you into a raffle to win a one-on-one coaching session with me We're gonna be having a live trading event next week for our lifetime members and As you guys know every single Thursday, I've released live trading videos where you guys get to watch me trade live So let me actually show you guys an example of that live trading video so that you guys can see what we do at MIC So if you guys come to our video library, which is accessed here at video library and you scroll down to Alex's live trades You get to watch me trade live So this is a live trading video where I made $67,000 in one day So you're gonna see me actually let me see if I go raise the volume $7 now probably stop at around 710 But if this thing stays under view at if this thing stays under seven I have no problem being patient because dilution and price action is on my side So what you're gonna see is you're gonna see me trading live. So I have literally No exaggeration 250,000 250,000 dollars worth of live trades recorded for you guys So I'm gonna be releasing those every single Thursday. So now is the best time to join guys There's 12 hours left on our Black Friday Cyber Monday deal So you guys could join it's available at my investing club comm slash Black Friday And I mean if you guys have been on the fence about trading if you guys have been on the fence about joining as a Favor to me after making four years of Monday videos Just try the monthly worst case scenario you think that I suck and you leave right But I guarantee you will get more than the value of the monthly membership in education. So yeah guys Do you have any questions for me? Let me scroll back When you add to a winner, do you add the same size as your first entry or do you add less? So it depends on the setup, right? So for example For example, let's say my starter size is 100 shares Okay Depending on how high the probability of the setup is that will determine my size. So let me give you an example I talked about this in the video The biggest problem that day traders make and the way it works is I want you guys to Understand that size is based on the opportunity in front of you So for example, if there is a C setup I'm using a thousand shares if there is a B setup I'm using 10,000 shares if there's an A setup. I'm using 100,000 shares So step one is determining what type of setup it is Based on your grade based on the quality of the setup that will determine if your size is going to be larger than your first Entry or smaller than your first entry for me if it's a first red day A plus setup It's gonna be ten times the size of my first entry But if it's like a C setup where I'm not too confident It might be half the size of my first entry and if you do not know what your best setup is if you do not know How to grade your setups that means you are still not yet prepared to size into these stocks First you must understand the basic concept and the basic strategy before you have the ability to size in Only one question if you have everything and trading is the only thing that brings you fulfillment and happiness Why do you not teach for free? Let me give you an example Elon Musk is a billionaire. Why doesn't he give you a Tesla for free? Jeff Bezos is a billionaire. Why doesn't he give you shit on Amazon for free? Wealthy gym owners are probably rich as fuck. Why do you have to get a gym membership? It's because if you do not have skin in the game You don't care to learn you don't care to learn if my skill is so valuable That I could go from zero to making ten million dollars trading I could go from someone else being a zero to making millions of dollars trading then. Hey, I'm going to charge for it I'm not charging a hundred thousand dollars for it. I'm charging 200 bucks If you can't afford 200 bucks to trade I guarantee you trading is not for you. And you know on top of it What about the two thousand free videos on YouTube bitch go watch those go watch those We have so many free resources so many so much content, but I'm sorry I'm not gonna let you guys join for free because without skin in the game You will never learn without skin in the game without risk Without risk without risk there will be no reward Go to Harvard for free go to yell for free go get a Tesla for free and that mindset is Why you are broke as a joke, but don't worry. We got free videos on YouTube You're still here watching this free video. Maybe I should put this free video behind the trade wall paywall You notice this this used to bother me This used to piss me off Until I started to realize that these people are not the type of people that I want in the community Regardless, I don't want someone that wants to hand out. I don't want someone that wants to stimulus check I don't want someone that wants to be on unemployment and collect free money because that mindset is Already your biggest barrier You know what if I could learn how to day trade from Paul Tudor Jones From Bill Ackman from Citadel from all these billionaire hedge funds It would I would not have enough money to pay these people, right? It's like if you want to learn how to play basketball and Michael Jordan and LeBron James are having basketball lessons You think they're gonna do it for free. They are gonna weed out all the people on step one that are not serious We could easily charge five ten fifteen thousand dollars instead. We're charging two hundred bucks 200 bucks three dollars a day the book But hey, that's what weeds out the dumb people. So any questions for me guys Any questions aside from the dumb ass questions When do you think the market will come back and have more gappers on a daily basis? So the stocks that we trade guys the small cap stocks are based on speculation Speculation so what that means is when the overall markets rebound and people have more money in their pocket They are more willing to speculate on these garbage small cap stocks. They gamble on these stocks So when the overall large cap market starts to rebound That is when speculation money that is when gambling money is gonna start to come in and slowly But surely we are starting to see that the market is starting to rebound and hey, it's all working out So I think that's pretty much it guys There's about 12 hours left for our Black Friday sale if you want to join great if you don't want to join great We're still over here gonna be making money trading, you know, I make millions dollars trading You know, let me actually show you that as well just in case you don't believe me If you go to our website my investing club calm you scroll down to view verified broker statements I have seven point five million dollars in verified broker statements. You can see right here 10 is trading 3.2 million you can see right here 700,000 you can see right here 1.4. It's actually I think 1.5 now I gotta update this but you can see seven million dollars in verified profits on the website and I don't know about you Well, your $200 is not gonna change my life. It will for sure change your life though So thank you guys. Hope this video brings you value. Hope you guys learned a lot. I will see you guys back in MIC. I will guys see you guys back in the community. Thank you to all the new members joining you guys already made your money back on this Watch list today, and I will see you guys back in the community. Thank you everyone for watching these videos for showing up I know that you guys find it funny when I come after these trolls and kind of mess around with them But the reality is guys over here. I am here in a penthouse in Miami making millions dollars trading I am very happy. I'm very fulfilled and a lot of people are very sad with their lives They do not want to put in the work to change their lives. So I am okay letting them be upset I am okay letting them be their own worst enemy while everyone that is here while everyone that is learning while everyone That is serious will have the best opportunity to change their lives So thank you everyone, and I will see you back in the room right now