 Yeah, where you at, buddy? I know he's here. He's lurking in the shadows Calling all nutless monkeys Where you at, buddy? Let me pull up Oops, hold on guys So this is gonna be a good time guys while we bring a bow on right here Um, is to yep. Take your time, buddy is guys send out some questions What do you want to talk about today anybody on YouTube do you have questions upon what it looks like getting started? Do you have questions about your trading you have questions for me or about you have questions for MIC also guys post in here Like what you're looking for. Um, oh Sick, I love that. We'll talk about that Alex. We'll talk about that in a sec Definitely What do you guys want to talk about today man, what are some of the I know we're gonna talk about full MIC process kind of like what that looks like I showed you guys a little bit through the tutorial on Starting with the watch list every single day going into the main trading chat and here Let's see what about saying real quick. Hold on one sec. All right one sec, buddy Hold on bow one sec guys what we bring bow on technical trader difficulties Someone on YouTube goes bow talk about feng shui Here's the thing you gotta know about feng shui. There's power positions and pussy positions So where you post your desk in your room is gonna be a position of power where price action is gonna be scared of you So or something of some sort something like that. We'll bring that one All right guys modern rock is back. Let me see if I can bring them on now. You should be good now, buddy All right, hear me. All right. Yeah, what's up, man, dude? Nuttless monkey me. I can't figure this stuff out. Yeah, I can barely speak right now dude. I'm the nutless monkey man I sound like Darth Vader Sounds good brother. What's going on, man? Oh my god. I'm still recovering from fucking LA dude. He almost killed me Birthday year People don't realize that when bow is a birthday bro, it's literally like a month long. It's not one day We might as well get the good ones while we still have you bro Oh my god, what a fun time though, man. Yeah, so January 29th is the meet-up guys. So hopefully you guys can attend. This is open to everybody not just MIC, okay? Oh, yeah, if you'd like to bring a present for me, you can do that It's McKellen. I can I can I can tell you that no alcohol man. I'm trying hard Bring him wagyu Guys check this out. All you got to do is click this link my invest in club comm slash meet-up And this is gonna be all the details. It's gonna be the locations There's gonna be hotels in the surrounding area that we also recommend We're gonna do it in a big park. So just obviously with COVID guys We don't want limited or a limited space or small, you know Enclosements like we want to make sure that everyone's comfortable and Everybody's in a space where we and we can bring a lot of people because it'll be a lot of fun We'll talk a lot of trading and hang out. It'd be cool, man I've never actually been to this park and I've lived in LA for like 26 years You may want to bring a bulletproof vest I heard LA is pretty uh crazy these days No, but that's what we're not doing in LA guys. This is actually in Culver city, which is 24 minutes from LA. Yeah, just 10 times more dangerous Dude, I'm kidding Bro, LA is like the purge right now. You got you got freaking like the police chief at LA county being like don't come Hey, it's it's still safer than not knowing how to trade and trying to trade That's exactly right, man. I'd rather get shipped into five and lose, you know, a couple hundred grand Nothing like short and low floats on the front side, right? Yeah, seriously Oh man So, all right, so what's going on guys? Uh We talked a lot about if you guys are in main chat already this morning We had some great plays bfri alex even Annotated a chart for us, which is awesome. I'll bring that up one second oops Bring up, you know, so he he detreated that quite well and he waited for Um, I had a little FOMO, but I had a great average. So it was okay So alex and I's average is about the same But his was less stressful Yeah, exactly You guys see that in the beginning of what he was talking about with this kind of like triple chop action And then this major stuff it's gonna look a little different guys on a three minute chart Versa one minute which alex was using but but he's basically talking about right here of what happened And uh and look at the volume. So he always talks about like I'll just read it actually Um, not only was it a triple top. It was a stuff candle You can short risking the previous high of this candle right where he's shorting Uh previous resistance becomes support and you can look at the bottom And really, you know flush this out on what he kind of made famous Like a million years ago and I when I was learning from alex seven years ago And he didn't even know who I was as a twitter follower But this is what he always talked about is the stuff on the volume candle You can clearly see the stuff coming So this is kind of alex's claim to fame right there, man And then uh bell I see you got a little fomo there, buddy That's because I made money in the first trade And so I started back at the same line as the first trade, you notice. Yep. Yep right here I was adding very small. So it just looks kind of Christmas like but I was adding Yeah, my average was 751 On a decent size, so oh, that's good, man That's good. And I liked how you covered immediately and then just piecemealed out every like So what I like to do is when I mean obviously I I would like to enter higher But um, I started small so my average is pretty much okay like alex's average So alex is the safe way to do which which I should the the thing with this is if you take a look at the three day chart on it Yep. Yeah Yeah, this is this is day one Day two So I wasn't really concerned, dude. I was pretty much the concern is if it broke if it broke fucking eight bucks and then went to a 40 But I was okay Yeah, the chances of that happening now are pretty freaking slim and giving these two previous days are price action I the problem with this for me was this is a reg show, which means Uh, the you can only use the locates one time and so it can get pretty expensive to keep recycling So that's why good thing it just went straight down Because uh recycling was gonna recycling is great if you have the shares and you can reuse the shares over and over But it's not when you have to relocate them over and over, right? Definitely, definitely. Yeah, you guys also have to take note of that You know, it's just not not just a normal short, right? So you have to you have to really know how to allocate shares how to use them properly I found shares really cheap in the morning at Half of a penny oh five and I took like 20,000 shares and knowing that was red show so knowing Knowing the stock before you locate Is a huge advantage because then after that became like four four sets So you imagine four cents on 20,000 shares like 800 dollars locate, right? So you end up paying only half a penny on each Dude and and the thing that the thing that I think we should brush on bow is like when people, you know think like Oh, you know how is mental tie into this? This is a perfect example, right? It's like this was definitely a safer trade like you said you were more comfortable But see guys, that's the thing about this this game is like it doesn't even matter How much money you make on the first trade if you make on the first trade You could sometimes be overconfident for the next trade and like that was saying this was not a Super risky place if he was willing to start in and be down a little bit But like you could have just waited for the confirmation if you are going in fresh, right bow already had that previous win So then he was going back in and that's the thing like well the thing also The thing also is freaking the pumper kept on pumping it right in my in my opinion. This thing would never get past 7 13 Let me show you why Here's a chart on bfri Only too many secrets, yeah I know we always do man See that guys Yep Yep, I see it It matches the day before and the day before that literally right there. Yep. Yep. So So there's your clue guys this stock Is a classic case of confirming conforms to the chart So when a stock conforms to a chart like this, it's a very high probability trade So actually sized up. I think I like 14 15 000 shares. So Yeah, about what you said with a 51 average, right? That's that's pretty good man. That's pretty good. Um And then also what I was saying is guys is like if that has a little bit more confidence because you won on the first trade You also have to know how much of a mental game is on the opposing side So if you start the day, even if it's a hundred dollar loss, your mind is going to tell you, oh my god I'm a loser already And then you might be a little too shy or timid to actually execute when they write confirmation comes on the second trade So that's where we say this game is actually quite simple But it's that mental that gets you, you know, if you start the day You're like, man, I only made 50 bucks on the first trader only 300 bucks You don't want to get too aggressive on the second and then vice versa if you lose Then you get too scared and like a wimp when your perfect confirmation setup comes right after just because you tested the water And did a starter that didn't work out correctly. So this is that mental part we're talking about, right? Correct, correct So it toss hits it hit the nail on the head there all about confidence guys I mean if you're on a losing streak, dude, everything's just scares the shit out of you So when you're doing that when you're on a losing streak size down size down the point is Not gonna make money, but to regain your confidence because you know, you're I mean, I've been doing this for a long time I know my sister works, but even I am afflicted afflicted with fear, right when we start losing We would overthink and then when you overthink that's when all bad shit happens And this is why I'm gonna post this I'm gonna post this guys to uh to the chat Hold on I really read that because I think uh I pulled this up today. I found this and it shows exactly what what I did with this When when things are going great, you don't even think man. It's just natural, right? You know like when someone's thought was a ball in your face You don't have to think about dodging that ball But when you're a child the ball is gonna hit in your head five times Until you realize I gotta move my head. Yes, there's our put the glove on guys So this is from Momo traders. If you have not read this book, this is top five of the best books I've ever read as well and bow has a chapter in this wonderful book And it says this was kind of the the category of the questions Some people say trading should be robotic discipline and calm seem to the point in that direction Now this is bow's answer I was a robot and it has to be a reflex you have to get to the point where you don't think you just react The market moves too quickly for you to second-guess yourself I compared it to being an athlete. They don't think they react once training becomes instinctual All confidence problems are solved. You just act That's a really really good paragraph and that was actually That's one of my favorites The bruce lee quote, right? I'm gonna put I'm gonna put this I'm gonna Here we go Read that as well I have not failed. I've just found 10,000 ways that that won't work and then Open it up the fear. I fear not the man. Oh, okay. That was bigger lettering. So I just went there first I fear not the man who has practiced 10,000 kicks or 10,000 kicks once But I fear the man who has practiced one kick 10,000 times That's the repetition. That's the reflex. That is the kick, right? This is the instinctual, right? This is where he gets to the point where he just knows he's a badass with that one particular setup that one Like alex's stuff moves stuff moves in first red day alex is so instinctual on there Dude, like like logic doesn't even apply anymore He just knows the exact feeling and emotion to do when the time is right, right? Like he's so beyond logic at that point like when that stuff happens He's ready Like when you play any sport you you want to play golf you go up and you swing You don't think about all your butt this you move your wrist That you know as a beginner that's where you fail as a beginner I'm always thinking okay is my my elbow right and my butt right and my ankle right, right? What kind of golf and are you doing? Or like sex, right? Yeah, there's the elbow in the right place Seriously, so that's what happens man. You do something over and over and over This is why screen time is important. This is why experience is important This is why you need to show up every day guys if you want to make training work show up show up show up you can't just Like golf man, you can't just go once a week. You're gonna go out man. Otherwise you have your muscle memory. That's what it is, right? It's muscle memory Well, and the funniest thing about golf bow is I think I think actually out of all of the sports golf is probably the best Analogy for training possible because guys, I mean I cannot tell you how many times over eight years I was on a heater dude. I was I hadn't had a ready for three months And then one day a play would come around just like you're having a perfect golf round And you shank one in the water and it literally ruins you the rest of the round So I'd be green for three months and then the next day, dude, I give back two months in one training I'd be like, oh my god. I can't trade. It was all luck. I got lucky. I don't know shit I'm a fucking idiot. I'm a nutless monkey then once you go back to the drawing board and you go Oh, well, of course I lost. I broke my process I broke my golf process, whether it be grip whether it be stance like bow said Whereas your butt placed then you shank in the water. Of course you shanked in the water. You broke your process That's correct. Dude, it's it's just such a perfect analogy, man Because it's like you always have to treat every golf shot and every trade as if you didn't make a win before Or you didn't make a loss. I'm just gonna do what I know works. No emotion. What works But before you get there, you're gonna have to paper trade. You're gonna have to learn You have to keep doing every day because until the kiln's instinctual I can look at a chart And with high probability know whether or not it's gonna go up or down. Definitely if I cannot do that I will not enter that trade Yep. Yeah, and I'll just bring it one more time before we close the book on golf But it's like bow. It's like imagine like going on a golf day where it's slightly rainy It's windy like 90 mile per hour winds Dude, don't golf on that day go on a day where it's sunny with no like it's waiting for the perfect setup Right, that's give you the best box. That's Pretty much you need to find a spot that conforms to the chart exactly what that means is Does it do what you expect it to do? That if it does what you expect it to do because technical analysis is charting, right? Then you can predict it then you can have with a high probability chance of success, but if it's so freaking random Don't trade that stock if I start if you start to lose guys And it does weird things that that it should not do do not get back on that stock that stock does not conform anymore to the chart exactly And about like like Alex was talking a couple weeks ago back with size It's like everybody just wants to go full size Whether it's a first red day a channel trait or even this trait in the morning And it's like dude just like you have a whole golf bag of different golf clubs Sometimes you push sometimes you putt sometimes you jib. It's the same thing not every trait is full size You've got to know the differentiating factors in the language of this that allows you to go Oh, okay. The conditions are perfect for a nice little scalp Not a full blown. Let me go for the fences and then strike out right now or you know shoot it in the water Like we're professional athletes with our mind and your finger clicking so and when bow, you know gets old and gray he said he'll use his toes but If that wasn't his death bed in a coma, dude, he would figure out how to trade with his mind or with his toes some form or another, dude Yep, take a look at the chart that I posted. Let's take a look at this Let's say bullshit wedgie bullish concept, this is shit that does not conform to the chart and it happens all the time guys Couple of all what you expected to do Oh man, that's funny Yeah, because a lot of these are supposed to just work right what I got These these are seps that people tell you to master and all this shit But they never tell you what to do when they does not go your way. That's where risk management comes in So, you know, maybe you can talk to about risk management real quick Well, see that's yeah, yeah, yeah, and that's the thing guys when you go over a random instagram page or some service promoting this type of bullshit They're never accounting for the fact that like, yeah, of course, this should quote unquote should just keep going up But what happens when you get a t12 offering motherfucker or when the pump dumps and you didn't know it was a pump Or this is a failed breakout. You get the death candle stuff Or you know, this actually keeps squeezing shorts that were stuck Like this is that you always have to plan accordingly and that's where risk management comes in this into play So as alex was saying or bow was saying like let's use this for an example, right? If this stock would have broken, you know, what bow was shorting in the morning in 838 40 level Dude, this is a three day resistance point that that should not break through And there are traders that we know that would just keep adding and adding and try to bully this stock in a submission That maybe by the grace of god you get paid, but you develop really bad habits But you're risking your entire future to do so rather saying Okay, if i'm going to scale this death candle up to the top of this death candle I'll scale a stuff or i'll scale up to the 830 line because that'll break previous and even previous high day on that major resistance point I need to cut this motherfucker. I need to cut this stock or i'm not going to survive Does that makes like i'm passionate about this because You guys need to learn how to use stops and if you don't you're never going to make money. There's a sum-zero game Almost exclusively without stops There's very few people like bow who did so many years of success without stop losses. It's very rare It's it's impossibly rare Right bow like wouldn't you say I'm just He's got four and i'm going to um what I was saying is be careful that what I was saying is is It's almost an impossible career without stop losses and making it, you know Not a sum-zero game because it's kind of a sum-zero game without risk management and protection It's I mean, it's totally not a long enough timeline. Something will get you I uh, uh, here's an example guys. Um, there's a famous guy on twitter He trades big he's bragging about being up 11 out of the past 13 days But he doesn't talk about the two days that he loses that wipes away all those games Yeah, yeah, that happens so frequently man. That used to be me five years ago. God two months That is that's classic. Does win rates mean shit? You can be a 99 win rate that one loss wipes out your whole career That's what you need to be risk management I've argued with this guy about having stops And max daily loss They don't believe in that they didn't So guys i'm telling you right now the secret the secret the secret Is to never lose more than a few days of work Yeah, I I always say it's the absolute maximum. It's three days But dude there's there's traders that argue it should only be one day I just have a little bit more of a tolerance for this. So I think it's three days But that's more of a like dude if you're losing a week in one trade, that's way too much It's just way too much man. And I used to lose months Well, I lose two months in one trade because what do you do? Hey, I'm three months green I'm unstoppable add add add and then the hurricane wipes you out That's like that's like a Like a captain of a ship going out to see 99 times and saying this is an Unsinkable fucking ship and then boom titanic hit the iceberg on the 100th day. He goes out to see you are never impervious To getting blown out of the water, but you are if you use stops and risk management That's the point, but your ego will tell you dude. You're you're too good. You're too good This can't happen to you. You see what I'm saying So yeah, that's that's the whole thing man. You need to protect yourselves guys So a couple questions on youtube now. Let's go over some of these. Um, let's see Let's see does m-i-c framework approach work for blue chips. Absolutely dude, it works for Large cap. Joe. Kelly does that. Yeah, we have a bunch of cap webinars every Was every tuesday is that two guys large cap and options room right here We have webinars at 7 p.m. Eastern on tuesdays at night After bow's instagram live. So you have that in the morning for small caps and psychology and then you have joes at night for Options and big caps and then like I said man, we have a whole room for this So and we have strategies on this the first red day arguably works even better on big caps You know and blue chips versus maybe small caps So like like we have a lot of situations where you guys can do whatever you like Um, let's see. Uh, can you touch on the mental part of holding while being down on a stock? Not blowing up but being patient while down a little bit and letting the trade work It's a little bit confusing how you said that jimmy on youtube But what I will say is when you pre-plan brother You're never scared as long as you're in the requirements of where you're you know planning on scaling versus Hey, this looks like a short. Let me get in and then just add add add This is the thing all this should have been planned before you got into the trade Exactly planning of the trade, right? You have to know where you're going to enter and where you can exit From both a win and a loss before you get in Yeah, you're not making this shit on the fly Most of you guys just have no clue what to do because you have not planned it If you plan it properly, why are you why are there questions during the trade? you're supposed to do all your Your due diligence and your research and planning before you get into trade Actually, that's a really good way to say I don't know if we've ever word it like that If you ever have a single question while you're in the trade, you didn't do enough pre-planning Like that's as simple as I could say it Yep, like there should be no questions while you're trading guys All those questions should be answered before you even put the fantasy order out or or slam the bid So there are times where shit fucks up because you are human And that those are when you start when you start to start praying to fucking a god And you have no business at praying to or when you start looking at filings That's when you know, you should get the fuck out So it's seriously, man. You're like jewish this week. You're muslim this week You're christian. You're praying to all these gods that you know, but you don't deserve as I do it all the time, man Fucking I'm in the position and actually, you know, I'm looking at fucking filings from five years ago trying to say Five years ago They've dumped already. They've already exercised all the way to you. I'm I'm literally searching twitter. No shit like that Find any fucking reason to keep holding it And the only reason why you're searching twitter is because misery loves company and you're like, all right Well, if I'm losing keep better be losing too Yeah, so when that happens guys, so what you do is you the sooner you realize you're wrong Start eating the lost guys. It's better to stay in the game and just to fucking hold and pray One thousand percent Um, jimmy again, I've noticed. Um, most successful traders do not trade pre-market Could you give your thoughts on this, please? I'm not a pre-market trader. Never was What's that? No, you said that most successful traders don't treat people Yeah, I wouldn't say it's most it's just a preference You know, man, it doesn't matter when you trade if that's your niche if that is your strategy Then you do it. Yeah It doesn't matter. We just happen not to have a plan After hours, we don't have a plan holding overnight, but you'd have a plan. I can do it Dude, look bow made money pre-market today. That was the first trade. You know what? I mean, it's like this was his first day. That was I don't trade pre-market I never liked it because I always just knew I had so much of a comfort zone and edge in my trading just during Intra date hours, but dude, that's that's up to you man That's entirely up to you Yep I I know guys who are exclusively pre-market They make three grand a day and then bounce by the time the open hits. I'm like, you're fucking crazy But if it works, it works if that's your process Whatever works for you guys, seriously Um question from ninja for hire. I like the name won't hard stops Have you getting out at tops and bottoms? Shouldn't you instead wait for dips and spikes to get get off at once your risk is broken? Well, the thing is is like I'll just answer that really quickly ninja. It's dude Sometimes you will stop out at the top and then a reverse on you, but guess what? Most times or not more often than not that ain't the top bro and that goes Guys, we have a video on how to properly take a stop loss. I I posted that it's very very good You need to look at that the reason why you're getting stopped out at those places You're a sheep you're putting in this fucking sheep level that the algos are hitting I don't stop out as sheep levels Yeah, and then they swipe you so we teach that also how to mitigate that as well guys Stopping out at the right areas where the professionals are stopping out when they're wrong not the sheep herd Where they swipe them and then and then it really does go your way But they got everybody out because they saw the stop loss orders ahead So let's say the stocks come at seven dollars. I'm not going to stop out 701 the fuck you're doing Absolutely, I'm gonna swipe you down to 707 and go take down Yo Is you know you got to do like seven 12 or something like that, right? And so and you're like but that's way over well, then you oversized If you cannot take that extra five cent hit that means you're sizing too big You need to size appropriately to take to be able not to get swept very well said very well said Um, how many shares do you use to make one k a day with m i c strategies? That is a little bit of a loaded question sniper because there's so many different styles So there's like dude, I'll just give you an example. That's not a good question Bro, we had a we had an options trader m i c turned $1,300 into 70 000 So first first of all, there's no way to answer that are you talking about a hundred dollar stock of one penny stock You know, that doesn't make sense. Yeah. Yeah, it's it's too blanket statement It's there's always ins and outs of every situation, but um, ideally I'll answer it like this Let me start by saying make a hundred dollars a day first man. Yeah, and that question becomes more clear It's like, oh, what does it take to make a million dollars? Yeah It's like What's it take to get married? Well, you first gotta find a girl Well, you gotta get a tinder account No, the reason the reason why a question like that is a little bit ill informed sniper is because Furus have marketed Exact holy grails and exact answers which are complete fluff bullshit for a question like that Hey, man, what does it make for me to be a millionaire? Oh, well, all you need is a 10,000 dollar account It's it's it's too blank. It's too bold. It's too general It's not personalized for each trader or setups that are gonna get you there. You know what I mean Yeah Um, what percentage of your account do you risk on a stop out? That doesn't make sense either bro So that's kind of one of one of like another question sh is like what we just kind of said is Furus have just ruined this industry for making everything an exact science And first of all, first of all, you're not risking an entire account. You should never risk your entire account One yeah, never literally never guys like like if you And I could say it like this if if you have three thousand dollars in your account and you're taking 800 Losses guys just common fucking sense, man. You're gonna really lose a third of your account on one trade So like again, it's it's more apply a common sense that there's no exact science to anything But it's like I know guys who push a three thousand dollar account until they lose it Then bring it up to nine and then lose it then bring it up to 15 and like But then there's guys that grind and grind and grind slowly a lot more conservatively But that's If you correct who the hell knows how much money you got in the back end You know, you can have it like I have a 30 thousand dollar account I traded this week with if I lose 30 grand you're gonna fucking kill me Right. Yeah, so it depends on you. The reason I put very little money in that account so that I don't one day Fucking get pissed off some shit and blow millions of dollars I used to trade I used to trade with like a four million dollar account, right? And I'm like dude nowadays. I don't need to be risking fucking all that money Yeah, because because that question is like, what do you factor in? Hey, what percentage of your account do you risk on a stop? Well, is that the only money to your name do you have to pay rent with your trading account? Are you like bow with millions in the bank and 30 thousand dollar account if you blow it It's not it's going to be a splinter in the scheme of things, but it's still the whole trading account So it's like again, there's so much mental Energy that you have to spend on questions like that's like guys if you trade with a 35k account You should not be losing, you know 7000 in a day if you have a 3000 account you should not lose all 100 a day risk management max daily loss All that stuff guys to focus on the right things and not on these kind of blanket questions that The answer is depends right? Well, it's it's it's the general furu stuff in the sense that we combated when we created mc Is because this is why everybody bashed us in the beginning of talking about process Is once you understand process these questions fly out the window faster than you know, like Your cigarette butt dude I'm telling you like it when you learn process you actually see the common sense of this industry and not this blanket bullshit The furus tell you this is how to get rich. This is the holy grail setup and this is it It's just this this industry is not cut and dry man. There's millions of loopholes But process gets either quicker than anything Yeah, yeah Good It's very hard to sometimes explain like what being a trader is to be honest to to Brainwashed questions and I get that dude. I was there at one point like we are not singling anybody out We're just trying to answer this as best we can That's correct Um, if people are giving you an exact answer, there's a good chance that our food dude Exactly if people are giving you an exact answer this shit guys I can almost guarantee that they they actually pull you don't even trade themselves. They're just marketers like The thing is is like when you've actually done this for a long time. You realize how it's actually not Linear like you think it is um in these questions now process and price action can be but to answer something like that Requires so many variables, man Yeah, there's like the travelers just said and I love this. There's no one size fits all and boom, you're rich There's many ways to make money skin and cat and trading seriously Um, jimmy one of the guys that asked asked those questions. Actually, this is good. He said sounds like Sounds like sizing is extremely important We all want big gains So we size in smaller accounts to try to gain faster, but when we lose it hurts It's hard to be patient daily even with a 25k account and jimmy you fucking nailed it, dude You totally redeem yourself on the second one, bro Because yes Sizing is everything and like we were saying Just like with golf if you have a like like I actually hit very far in golf So I actually don't carry too many clubs. I skip a lot of the low ones like four or five and six I only carry a seven iron up to driver But but but you need A whole setup for different play styles, right? There's a putter. There's a chipper. There's a 49 loft wedge There's a you drive like there are setups like the first red day where alex is willing to put 50 000 shares on Versus setups where he knows he's only gonna get a good scalp and he'll throw 2000 That's the differentiating club for price action. So sizing is not only important It's everything next to risk management and stock selection But you're gonna know how to size when you really figure out stock selection because they go hand in hand Oh, this stock trades 30 cents in volatility versus this trade does $10 in volatility Of course, I can't use 3000 shares and then 3000 shares on this one You got to break it down, right? You got to see the different situation and perspective versus the setup that you're actually engaging in So I mean we could rant on this all day, bro but yes sizing is very important and everybody is so inundated With twitter and instagram and following trillionaire lifestyle and seeing all these young kids get rich and it's like, dude Like everybody wants it tomorrow. Everybody wants it immediately. You want a million dollar account immediately That just doesn't happen. In fact, these are the people that shoot themselves in the foot and get their the the last You know, they're at the last in the queue You know pick a number your number fucking 10 000 versus number five and six of the guy that said look I'm gonna grind out $2,000 a day for the next three years and I'll get to a million dollars You know what I mean? Like it's the guys that are patient and disciplined and actually know that this is not a get rich quick There's nothing about trading that gets rich quick and I'm sorry to say but crypto add a lot of fuel to that fire of Hey, man, if I just pick the right shit coin, I'm gonna be a billionaire and then I get to retire on a beach Welcome to reality. You got to you got to learn something and work and put put a real effort behind it And and have the patience to do so The whole reason why trading is such a blessing and a curse Is the curse is wow, there are people that do make a million dollars in a day And I could be one of those lucky people and then the second one Is you can also be an amblyzerian, right? Yeah. Yeah, and then the second one is hey, man Maybe I could do this for the next hundred years. Let me figure out how to make a hundred dollars a day $500 thousand even alex is like dude. I was guilty of the crypto shit when it first came out My dumb ass best friend was like, bro, you got to get in shit coin pig token Butt pleasure token. I got in all this bullshit. I lost like 10 g's And obviously 10 g's doesn't bankrupt me in the slightest, but it was like Dude, I went in that FOMO period of like, hey, we got a hot new sector. I'm a buy fucking You know pig token and I'm gonna retire on a beach. It's ridiculous, dude I'm gonna buy our first edition charizard and then you lose half its value a month later because you got in the Logan Paul pumping dump. It's like do you open your eyes, bro? Although I cleaned up on pokemon cards. I will say sorry to say I bought them tick pokemon cards and sold at the right time Um, what guys any more questions? This is really good, man. This is a really good ramp Crypto mentality got me, bro What happened to being a billionaire last night? I you know, man Unfortunately, bro is a glitch in the system and that 1.8 billion I was worth for one second felt really good And then I realized it was all a fugazi, man. Then I then I had to go back to price action and hope tesla goes up You should post it on That was right here. This is this was my trust wallet yesterday Stone Alex dude, I was like you should go to Mars and start showing that before they had changed it Dude, seriously, right? Oh my god No, you can't withdraw it was it was literally just a glitch dude Most of the coins are dead and if they weren't it was showing what it did to get that number Is it showed every single shit coin you have at the percentage that it was currently trading at from literally zero? So think of like zero to a hundred percent You don't have the whole hundred percent of the move. Maybe only have 0.001 percent of the move But they look made it sound like every coin you had you had from starting point a to That would be like owning tesla at one dollar versus right now and it says you own it at one dollar You know what I mean versus no, I got a 900 average or an 800 average seven Like it's just hysterical man people woke up thinking they were trillionaires quadrillionaires billionaires and well, I did But for one minute in history, I was worth 1.9 billion or whatever it was I text my friend man. I said, I think this is just a joke, bro But try to withdraw your shit and he goes damn, I can't dude and I was like, yep. Sorry, man United crypto billy If that happened of food they would have used it for marketing See we use it just to make ourselves look stupid, dude Like we just clown on our own selves all day. That's what makes m. I see fun, man Is like we don't like you got you can't take life too seriously, man. We're all nutless monkeys, man. Let me tell you Guys questions hit us with some questions, man. You got a little time left Now you better not be getting in bfri trouble over there I hear giggles Oh boy, Alex Get now to stop any more questions Questions guys questions Who's got questions Who's who's been a warwick man? We went to warwick the nightclub in LA. That was my first time. That was a lot of fun Dude warwick was awesome Not a question, but I want to make sure new members know how lucky we are to have you guys. Thanks. See me, dude Again, man, we just pass on what we know, brother Is just we learned a lot over these years and so much of what not to do and so much of just what to do And so much psychology of it doesn't matter whether you're losing or you're winning Just what it means to do this for a career, man, because you know, it takes it's toll It takes it's psyche. I mean even the dambels area book that I was reading is is duty By the by current day, he doesn't even want to do poker anymore because it took such a toll on him And yeah, he made a lot of money But you know when you risk money for a living it does take its toll every now and then so you also have to deal with that And realize um what that means for you in preserving your mental sanity not even mental capital Just sanity man, because sometimes it really will throw people off the deep end Got a question on youtube bow. Can you drop some ding shoe tips feng shui? He said feng shui with an asterisk Didn't mean Well, I told I I said in the beginning because I think I saw that question a lot earlier I said yeah, so we we made uh, I did an instagram live. You should watch that feng shui is basically the energy Uh around you It's metaphysics kind of things. It's it's it's basically chinese kind of energy And there's a whole science behind that There are certain areas of the room that you should work and there's areas of room that should not work There's also a map of bah wah map or something you can look up That shows you where your love corner is where your wealth health corner Your family corner, so it doesn't hurt to try to do I mean it's better out for centuries, right guys, so So it doesn't hurt to try it well I'm a big believer in numerology astrology moon shamans and and all that stuff man And I don't know too much of this, but I know there's some real power behind this So I mean listen about man, so there's power positions There's like pussy positions like like put your desk in the right area of your room Man, you don't want to get dumped on Like Well, you do we'll use every edge we can man. I don't care how metaphysical it is if there's an edge. There's an edge man Did I spell it right feng shui? Yeah, I did. Okay, cool feng shui feng shui Yeah, talk to that on your arm or something. No chinese zodiac, you know us zodiac all that stuff man There's an edge in all of it learn who you are learn your strengths and and date yourself on your strengths I love it, man Trying to get alex to believe in moon shamans is a different story though There's a I posted the uh, should maybe there's a twitter that posted the seating position Yeah, you posted that somewhere, but I can't remember though office seating position Maybe our whatsapp might be in there. But actually here. Let me let me type office seating positions I'm trying to do this. Oh, uh bell. I got some stuff here. I don't know if I don't know. Does any oh this one this one. This is what you posted, right? That's a lot of them don't sit with Don't sit with door behind don't sit in straight line at the door power position is sit diagonally opposing This is what I do. Dude. I didn't even know I was doing this. Holy shit. My desk is opposing the door I'm in a power position, bitch That's crazy, dude, I didn't even know I was doing that without doing that. That's awesome I'm obsessed though, man. You're gonna get fucking murdered. You get back to the door Yeah, dude, you might get bent over your own desk if you put it facing the door This is the mafia map Seriously Oh, shit the oh shit. This is exactly what I have dude. That's crazy. What the hell Oh my god, I didn't even know I was doing it and I got in L shape that well this year tosh That must be it dude. I'm in a power position, man Man, man, there you go. What's my chinese zodiac again? Like a squirrel. I think I'm like a something small Oh, no, there's a rat, right? Damn, I don't I gotta learn those man. I don't know. I don't know the chinese zodiac. I really want to learn those But what's your chinese zodiac? Chinese zodiac ox Of course you'd be the freaking wall street ball dude get the fuck out of here Of course that was the wall street ball dude. That's ridiculous Are you kidding me right now? Funny man, that's crazy, man. I think I'm the horse Alex, what are you? I'm gonna keep riding you bro Oh, I thought you was a cock No, I can be I can be a dick That's that's what it is man. It's called the cock. Oh 1990. Holy shit. I am the horse. That was right Okay, yeah Two forwarded. Yep. I'm 1990 You look at your other cock. That's a real thing The ear the cock. Yeah, they call it the cock. I don't know why they call it. No, I'm calling the chicken though Because the cock is I'm scared to google this. I feel like it's gonna go directly to porno chinese zodiac cock Year of the cock I just see you're the cat dude. This is some this is some clickbait shit, bro I don't want to go to porno Just look up chinese zodiac animals and you can see all the animals there because of those animals things. You can see those You have the most complicated one tosh dragon rat Rabbit pig. Oh, there's a pig dude. There's a rat goat ox dragon. Uh, what else? Oh, I guess they didn't show all of them shit There's 12 of them But the pig that the pig ironically golden pig Is the most wealthiest sign like that's that's the sign the pig that add a lot of that Asians want to be born in the golden pig. Really? And we should know is that why you always had golden pigs on your desk in like the Oh, it's not for training but it's for rat ox tiger rabbit dragon snake pig dog rooster monkey goat and horse Yep, cool, man I'm into it I'll have to do some research yes Just a variant of your astrology as well I gotta believe I kind of believe this better than the uh fucking Jay's like i'm a pig. I'm a rich bitch Yeah, but there's different kind of pigs Oh Jay your pig hasn't kicked in yet brother standard mud pig There's the golden pig and the mud pig Alex is a dog. What's here. Let's see. What's up here? Let's read the character of a dog Chinese zodiac dog characteristics. Let's see what Alex is Dogs auspicious gifts are unconditional love and loyalty to all of you big dude seriously Alex is literally the most loyal person I've ever met in my entire life, dude Dog dog gives the world with courage and warm generosity of spirit. I agree that um Attentive well-meaning helpful warm-hearted modest devoted philosophical dutiful discreet intelligent enthusiastic cynical ethical neighborly just social Perfectionist for sure. That's Alex Loner innocent dude. I'd say that's pretty close to Alex, man Holy shit Yeah, there you go, bro. It's like What's the ox read the words read the words wait, can I read the ox? about let's see Ox gives the world with superhuman strength of mind body and spirit totally quiet methodical stubborn stubborn calm serious strong reliable Opinionated introverted, dude. A lot of this is true, man Patient hard-working honest stubborn because yep, let's see what that damn horse is All right, what the hell am I? Horses auspicious gifts are freedom of spirit and fearless approach to life love it Dude, I give a whole rant on fear earlier. That's crazy Horses give to the world with true freedom of mind body and spirit freedom is the most important thing to me in life Over money productive enthusiastic music sexy. Ooh, baby Warm-hearted talented agreeable industrious generous sociable ethical strong-minded create I curious persuasive persuasive logical free-spirited independent Dude, I'm down. Let's go We're reading Chinese zodiacs on this one. This is awesome Holy shit Alex dude, that's crazy That's dude that that's like where I'm like is our things fate with zero coincidences in this world, man. That's that's insane Now what what else man? Dang, this is really cool, man. What else? So check that out guys. I I think that's You know, it's just something to think about. I believe in this kind of stuff. I do too, man. It doesn't hurt, right? So Um, the there are there are energy forces around you that you can't really explain. So that's what the Feng Feng Shui thing is I just first think what's the rat man? That just sounds funny Dazzling charm and a shrewd business mind. That is very smart. Oh, okay Yeah, so it's not what what we think of as a rat Yeah, I guess I guess you can't go to like like normal logic on something like this Although that'd be funny if like there was a sheep. I'd be like, dude, I'm a fucking chief I'd be like, oh damn dude You gotta go back in and cook a little longer to avoid being a sheep Have a pig. We got another pig. Who's who are pigs guys? Look up your dates. Who are pigs? You bunch of pigs Horses must just want to laugh all day, dude. It's all I want to do is just laugh all day Okay Oh, there's a sheep that's listed as a ram. Yeah, but those are different rams rams rams like the goat, right? These guys scale mountains and do their own thing. They're independent What the hell? Fuck. I'm such a snake. It's real. That's funny This is fun, man. We could have given a whole webinar just on this There are people that you pay to do this stuff too. So yeah I got a tarot reading once and boy, she looked down at the table and And and I didn't know what she was looking at and she was like, it's all good and I said, well, that's all I need to know See you Were you wearing a pass? I don't know what it was Dude, that was like a couple years ago So any questions we can end this early and I can go back to bed Yeah, I need some lunch man guys last questions get your questions out right here Let me just do a cleaning house really quick. Um, number one If you kind of just tune in this really fun the unique webinar We have two things I want you to really pay attention to right now Myinvestingclub.co guys is arguably the best webinar Alex has ever made. We've done in four years Is not.com is myinvestingclub.co Please if you are not a member and have questions about what it is like to sign up for this wonderful club This is going to answer all those questions And then on top of that you are going to be able to get any of your personal questions on a one-on-one basis We could schedule a call. I could text you we can email whatever it is and these are all our forms of communication So just please don't be shy man. Reach out. There's no dumb questions I promise you I'm not going to judge you if you just want to know about pricing what bwap is Literally anything we're here to help guys It's this is you don't understand that this is truly our passion like every single day All I want to do is talk stocks investments and get people started m.i.c Because this is the this is the place where people get that freedom and get to learn a new Language man a new language. It's like when people ask what's your love language? You know physical touch or words of after man. I'm like price action, bitch. Like that's all I want That's my love language making money We need gifts and physical attention. I won't just give me candles So We we just have fun man We we try to teach the best we can man while having a fun kind of persona guys because I'm telling you right now man Life is too short to not laugh and to not learn the right things with the right people and that's what m.i.c Is so you're going to get what you need But five more minutes you guys have any questions about trading Do you have any questions about the maybe the charts that we posted what alex was talking about what with the stuff in the volume or Um, you know something to bow posted like anything How to get momo traders for god's sake it's like do you guys have questions? And i'm giving you a homework assignment man use everybody here should go read dan Belzerian's the setup because it's going to show you uh the Like someone who lives a life that's fearless and how you can take that in your own life and that's the message Whether you respect the guy or not. It's just a really good message Although it's hard to get the book apparently you can only like get it on his website and because he's self publishing So it's like 40 dollar book too. I was like damn I got a fun those got a fun those ignite cruises, bro All right guys. Well, if you have no more questions, man, I think it's bow's nap time and I think it's my lunch time. What do you think? We'll see you back in the room guys. Hey, let's talk about um Because I think there's no we have a holiday. So guys Uh, we just hit up tosh So we have any holiday. So Alex goes Uh We because we got rid of the monthly and I want to do something special for anybody that's watching this So if you show up on wednesdays, we're gonna give you a great deal. So Hip toss right the best thing is just hip toss guys and and everything really is case-to-case basis because we are not those assholes They're like, hey a guy signed up a week ago an annual and he wants to go lifetime I'm not going to charge him full price for lifetime right because duty sign I think we do this man. So whatever the list of prices you don't have off Which is which is pretty good. So About half off. Did you just say you want it 50% off? Okay. All right. All right. So for the first, uh, what what's the secret code? We'll say fearless fearless the secret code guys if you want to be fearless day I will literally give you 50 off either annual or lifetime, but it's five only um, because this is kind of Random and black friday-ish, which we don't usually do. So, uh, just text my two and three number that. Um four five eight five nine nine seven Uh, just text that and uh, and we'll get you a deal if you're listening or been waiting to join and uh, it's your lucky day You're the pig man. You're the golden pig, baby See you guys. See you bell. See you buddy. See you Alex. See you guys In m i c Main room back in after hours, man After hours i'm going after hours. See you