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So usually what happens is that if you kept just kept adding to loser, you didn't have a plan in the first place, okay? So it's like you getting into a trade, it's more like trade on the fly, but you didn't have any plan beforehand. That's why you kept adding to loser. That's why you think every line, you know, I mean, eventually it's always going to go down, right? So that's what you thought. And so today I'm just going to go over quickly on a few examples so you guys can see where would be the optimal way to kind of stop out, right? And most of the time, I just want to make something clear here that I use hot stops all the time. And that's one of the main thing that I'm using. I don't care, you know, if it stops me out, you know, at the top, you know, I could have, you know, top tick the stock and, you know, I probably would be fine with that, you know, so it really doesn't matter. I just want to get out. That's why usually I have some sort of ultimate stop in my head before I'm even placing a trade, before I'm even thinking about, you know, going to trade this and that. Let's say I'm going to stop out with 1807, okay? So I draw a line here. This is my ultimate stop. I don't care what happens after that, okay? It could really top tick me at the top, you know, I got stopped out here and then it kept tanking, you know, that's fine. But that's my ultimate stop. That's where I'm going to stop out. You know, I have to make kind of this plan before I even placing a trade. So once I have my predefined stop, like my ultimate stop in, now it's the time or now is the point where I need to fight for the price. Let's say I want to short the first resistance, okay? And 1807, that will be my stop, okay? So a stock tops out here and pop back here. So now I need to fight for the price. What that means is fighting for a price is that when you have a predefined stop like this, you need to fight for price so you can get a best average you could get, right? So that's where you can minimum the risk. You know, if it's real near the stop, that means you can add more size. So basically what I'm trying to say is that, let's say your account, it's really all relative to your account size and you know, how much you tolerate risking, you know, kind of amount, like the dollar kind of amount is up to you. Let's say I'm, if I'm using $10,000 account, right? So 2% per trade, that's what I would like to use. So that's 200 bucks. So I have to size accordingly to my account and also my risk management kind of part. So that being said, if I'm using $10,000 account, so that means I can lose like, you know, that I'm willing to lose like 200 bucks, 200, like 200 bucks is not going to affect me that much. So let's say I'm going to get in here at 17. So now I know my ultimate stop is 1807, right? And let's say stock pops here and I'm going to get some at 17, 17, that's my entry, you know, and I probably would have add some more 17, 0, 17, 50, let's say that, you know. So in this case, I have to calculate the size beforehand, okay? So if it's 17, I'm going to hit 100 shares. If it hits like 18, that's 100 bucks, right? So I can add another one here, 100 shares, you know. So now my average would be 200 shares regarding like, you know, 1730 and 720. So in that case, I'm risking really like, you know, 70 or 80 cents here on that 200 shares, which is 140 bucks. You know, that's pretty much, you know, it's pretty close to that $200 sign that I'm okay with losing, right? So because you have a predefined risk and when you preplan your trade like this, if you stick to it, right, that's, you know, we're going to take a lot of pressure off because the reason is that why when you preplan your trade and when you accepting the fact that, you know, worst case scenario, I'm going to lose this and that much, you know, that will help you tremendously with the psychology, like you not, you know, trade on the fly, you are not fearful of the unknown because, you know, what worse is going to do? I mean, you know, you have predefined stop already, 1707, you know. If you get in here, stops you up, so 140 bucks. You accepting the fact that you are going to lose that much money already. So there's nothing to be afraid of, right? Okay, so, you know, one of the way that you can trade is wait for that stuff and then you can, you know, scale back the bounce here, you know, to that halfway or, you know, just scale back the bounce and risking over this high. Okay, so in this case, stock pops, you know, 1482 or something, drop here, bounce back. Yeah, so you can put a stop above this line or maybe you want to use whole, whole and half dollar mark, 15, okay, or 402 or whatever. You know, over 15, the thesis no longer valid because stock tried to push over view app stuff, right? Now it shouldn't, you know, break that high because if it breaks this high, likely that means if like the stock pops here and then dips at view app again, the trend is still holding, right? So likely it's going to go higher. So 15, that's your ultimate stop or that would be my ultimate stop. That's one way how to trade that view app reclaim. The other way is, okay, so you want to anticipate, you want to be scaling towards that view app because the fact that you don't know where the stock is going to pop and you have like an idea that, okay, the stock is broken under view app. Now there is the first time you're trying to push that view app. Now you want to scale into that bounce, right? And your goal is to see if stock is going to reject that view app and continue to fade, okay? So if you are anticipating the pop to that view app, you have to look at the left here. You have to define the lines, okay? So let's see, let's say you're going to scale up. And I would always say, you know, I would always look at the left to figure it out, you know, what's the right? So in this case, I can see this is the line, you know, view app of course is the line, one line. So I probably would scale here some near view app. Let's say 14, just let's say 1410. And I can see another line here, 1450. And then I can see your line here at 15. And then maybe even at this. But this is, you know, 1550. That's pretty far away from view apps. So if it pops that much, likely it's, you know, it's a, you know, pretty much a view app reclaim. If it pops this and then dips that view app probably is going to go higher. So so I usually like kind of use the two lines. And I don't want my lines to be further or like really far away from the view app. Okay. Because my point is to short into the view app and risk over view app as my stops. Because I want to see that rejection right away, not like, you know, grinding higher and then reclaim view app later on. But since I want to scale it into those lines, that's why I have to, you know, kind of define where I would stop out no matter what. Right. So in this case, you can see line right here and then line right here. I mean, 15, that's pretty above that 14. 14 is the view app. So it's pretty far away. And I think that should be good enough as a stop. If, you know, it stopped pops over that 15, probably it's going to be my stop. So that's how you can define the stops regarding, you know, that. And also, guys, it's really about line to line. And it's not just about, you know, if I'm risking 5 cents, 2 cents, 10 cents. And, you know, it doesn't work like that. You know, it doesn't work exactly like that. I mean, you know, I would say, you know, okay, so if I get my entry like 14.97, let's say, okay, and I'm going to stop out 50, whatever, two or three. Okay. So I can risk few cents here, but I have to wait for that entry to get there first. Right. So, and that's, you know, that's my tolerate and that's my willingness to kind of lose on that particular trade. It's like, you know, if I'm up on the day in the morning and I don't want to be, you know, giving back the profits that I just made in the morning or in the pre-market here, right? Let's say you made something at the open right here at the, you know, near 14 and you made almost like a buck already. And you don't want to give that back. And so that's why I want to aim for the kind of good risk reward kind of play and, you know, with more size, right? Thank you so much for watching our video. If you want to see more of our videos, please subscribe to our YouTube channel by clicking the button here. We do our best to post a new video every single day. If you have any questions about MIC or any general trading questions, please text Tosh using the number here. Also, stay up to date by watching some of our most recent videos right over here.