 What's up everyone? My name is Alex. I'm one of the co-founders of MyInvestingClub.com and I want to let you guys know about something special we're doing for our viewers on YouTube. So the most common question we get asked is, you know, how do I start day trading? So what me and my mentor about it is we create a free two-hour mentorship course for the brand new trader. It's going to be available at MyInvestingClub.co. The link is going to be right here. This is a free webinar that reveals our 12 secrets that every single brand new day trader should know before they start. I also want to let you guys know about something that's very unique to MIC. So if you have any questions about trading or you're curious about trading or you don't know if MIC is the right fit for you, now you can text our head mentor, Tash, whose number is going to be right here and he'll answer all the questions that you have in less than 24 hours. Thank you and enjoy the video. All right. So anyway, I want to talk about patience and risk today. I already did a webinar on patience, but I honestly didn't get to everything I wanted to talk about patience. I want to talk a little bit more about patience today and specifically how patience and risk kind of go hand in hand with each other. So let's get started. Anyway, so we're going to go over the key traders of the week and there was a lot of them this week, so I'm going to try to get through all of them, all the main ones anyway. Then we're going to go over market sentiment as we do every single week. We'll probably skip the poll group choice just because I'm going to do this video instead. Then we're going to get into the hardly webinar and we're going to have a Q and A and we can do Q and As, you know, we kind of figured it out last webinar that like if you, you know, like we'll just do a little bit of Q and A as we go, especially if it's relevant, I'll try to get to them and then we'll have a Q and A session, a small Q and A session at the end of it for any last minute questions. I said it from the beginning that big bear bar was the tell after a fail breakout. Got a joint. Yeah. I was just on the wrong side. The whole context of the trade is, you know, kind of like, dude, like we're in this like such faders market and this is a, this is kind of a strong pre-market runner and like I can totally see us tanking, holding, trapping and squeezing. And so I kind of want it, like I want it to start early and start patting it and like start getting a cushion so that on the reclaim trade, like I'd be ready, I have a cushioned on the profit and it like if I got that big squeeze, that would be a such a great day. I guess as a, as a failed, I guess wrong side, but, you know, wrong side long, but mitigated. So I just wanted to go over my trades at this week. There's a whole bunch. Gene was one of the traders this week. And this was basically a support long where I bought it because 240 was holding. It's above VWAP. I had a really easy risk and it's a very simple trade and I, and I said in the webinar, I love simple trades. I love trades that I don't have to scale. And this is an example where I have a nice, easy, fixed risk here. Like under VWAP, I can get out at 35. I'm going to be an easy trade, really simple risk. The risk reward is really, really good. And the thing with this talk is that it just squeezed everybody in surprise. And there was all of this volume, right? There was all this volume and we were holding over pre-market high. And I didn't want to buy the first bounce here because it was a little high. This kind of first bounce. It was a little high. I normally prefer them to be closer to the 50% from the bottom to the top of the move. But because you had 240 here prior high, it makes sense that that holds. It's just, it's unfortunate for me that this didn't go a little bit higher. And then I would have liked 240 a little bit better. So that's the reason why I didn't buy the first bounce here. I would have wanted a little bit lower for the first bounce. But you know, I can understand why, you know, it held high because 240 was a prior high. So anyway, I let this consolidate for a while and I really wasn't going to trade it until like, we started seeing this stuffing action and after the big stuff, we started holding for a significant period of time. And after we do the significant hold, I say, you know, the pop is too likely to come. And by the way, this said loads of shorts available too. The pop is just too likely to come. And even if the pop stuffs, I can probably get out for break, even if it's stuff. So it's worth a try on the long end. So I bought it. And now in the webinar, this was actually like, I tried to put a sell at like 260 or 250 or something. Like I was putting my sales out immediately after I bought that. And I can only imagine that I put like, I know it was a mistake. I put like 160 and then it automatically filled. So I was like, crap. So I just put, I just, I just re-bought that part at 250 because we, I happened to buy it right as it went. So anyway, that was that trade. And so now to talk about the market sentiment, the last week, I talked about how states were talking about reopening the economy and how I ultimately felt like we should have a top. And I felt that top should be 280. And that we so far, I've been correct in that stance, but I felt like we should have a temporary top until we saw a hint of normalcy and things started to open up. In which case, I expected the stocks, the market to, again, attempt to pre-price and maybe even go higher, even undeservedly so higher before the economic output is even achieved again, right? Because that's what the market is. It's all about future expectations. And I still, like, I think that that's panned out pretty well. I still expect coronavirus names to remain plentiful as long as we don't have normalcy. So the theme of this week has been faders, right? And in a few short sentences, shorts are still maintaining control of the market. The stock's range has lessened slightly. There's definitely more stuffing and that demand that just went straight up and dropping on lows. We're still seeing that the deathline setups have been ideal. Something that I want to point out is that we have seen a reduction in the FU pattern style moves because longs have certainly showed hesitation this week. Even longs might still go for that VWAP reclaim trade or buy on the dips, but they're likely not having the same kind of conviction. They're not using the same kind of size. I know I'm not. I'm definitely being more careful now. And that overall just leads to, like, if less people are buying the VWAP reclaim trade with less shares, that's less demand, right? That's less demand. That's more power to the shorts to win that VWAP slash stuff battle or the dip, people being like, oh, I'm going to buy the dip, but they're going to be tighter with their, they're going to be tighter with their cells. So I mean, it's just been a fader, strong, short selling market. But this remains the same. It still spells particular danger for shorts who add heavily into this kind of market, you know, who are used to getting these like a frame or V shaped rejection upside down, upside down V a shaped rejections and super faders. You know, if shorts are getting comfortable with this, it leads towards potential future squeezers. And like I said, the market participants here like have just been insanely red. Like, I mean, this has been definitely the shorts, shorts market. Shorts have been rewarded heavily in this market. Large caps have basically remained flat. The good news about the market, though, we're still getting at least a gap or a day. We're still getting COVID PRs, even in the middle of the day. We still have a stock that's leading the way I know, that's just, you know, still keeping the bullish, keeping us from entering the dead market. And there's still solid range on all sides, even if the upward range has been limited, right? And you can see this upward limited range on stocks like Peck, which got pumped in a super low flow and still didn't go as high as it could have or would have if it were grand two weeks ago. Stuff like CPAH, that stuff today, you know, we're seeing that kind of stuff more likely now, which when we're in the buyer's market, that stuff just takes off. The negatives in this market, it's stocks are, it's not really a negative. It's more of a bearish outtone. It's more of a bearish tone to the market. Stocks are still fading hard. We had that VBIV offering, the 100% movers are fading, you know, like a couple of weeks ago, we had multiple a day and then we went through a few a day and now think CPAH got to 100%. I think it did, but that's like the one and that was it. So we're definitely losing those 100%ers, which is the fun stuff to trade. Longs are losing interest, meaning it's starting to get unhealthy for shorts too, meaning as long stop buying dips, shorts don't get pops to short into. So it, you know, where it's good for shorts, it's also hard. Like any short seller knows, like when there's no pops, it's hard to get in. So anyway, what's next? The spy is definitely showing the hesitation at the 280 level. I expect that to continue. I believe we somewhat stay still into the first couple of states open. And then I expect the pre-pricing to continue. Still going to get the coronavirus names. And I do think that this, that this fader market is going to taper a little bit. We might start seeing a couple of squeezers next week, but I'm going to not anticipate it. That's what, that's where I've made mistakes in the past is I would anticipate that squeezer and, you know, each hit a couple of times before I finally got the squeezer. I like what Bao said. I mean, dude, if you want to chat room, how do you not have a 100% win rate? Dude, if I just told everybody what I was going to buy before I fucking buy, like, that's why I, that's why I honestly can't fucking post alerts in, in like, I just can't, like, even if, like, because you know, like, even if you tell someone don't, don't follow me, people will like, if you do have a following, how do you ever fucking lose? Yeah. Yeah. No, I agree. And there are some times like when we're in M.I.C. and it's like 10 minutes before a line. I'm like, okay, 250 possible area. I think that's like a good time to give an alert. But if it's like just bought a 250 that, you know, people are going to be like, oh, I'm buying too. Cause like, you know, Harry's in master tape reader, Harry, who holds minus $3 a share. That's funny though. No, yeah. Large happy fun. All right, guys, I will, uh, see you guys tomorrow. Thanks, Harry, for coming on. Perfect. No problem, bro. And, uh, take care. All righty. 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