 I thought we, MIC's been around for 10 years. It feels like it because it's because I thought MIC's been around for 10 years cause I've been doing this for so long before even MIC, right? Helping people and everything. So this is just an extension of us doing it. And so yeah, August 17th is our two year anniversary guys. Two year anniversary. What does that mean? It means that, hey, we're gonna throw a giant event. And unfortunately with the corona, we can't do it live guys. We would love to do it live. There's a chance we meet everybody. You know how much we love to meet up, man. We started the whole meetup thing. No one did meet up before we did it. And we did it regularly, not just to try to sell you stuff, right? We genuinely like to meet people because we have nothing to hide. We wanna help people. So unfortunately we can't do that. So we are going to stream it. Probably gonna use Zoom. It's gonna be August 17th guys. I don't know exactly which day. Tosh can type that out. And I'm gonna give you a sneak preview. So we're like, dude, how much should we charge for this? Obviously you can't be free because no one values free stuff, right? But I don't wanna turn it into a giant money event that you try to milk people. So what we did was as usual guys, we already told you, if you're a lifetime member, you gain for free. So you're in for free. If you're an annual member now, you get in for free. Now you're in for free. And if you're not, if you're not, I think we've settled on a ridiculous price guys, $99. That's all it's gonna cost you to attend this live trading. Probably gonna be six to eight hours. I don't know how long we're gonna do it. At least six hours from way early in the morning when we talk with the process, we're gonna teach you everything that MSC does. 99 bucks guys, August 17th. This is going to be first come first serve because there's a maximum audience number for Zoom. Cannot be a thousand people cause Zoom will break. I hope so we haven't done that yet, but so it's gonna be first come first serve. We are going to release it. I think next week, right Alex? We're still working on the details. But if you are an annual or a lifetime, you are guaranteed a spot. We are pricing ridiculously cheap, $99, dude. This is so that everybody can join. Everybody can learn. You know what? So we said, you know what man? We're gonna give back as an anniversary thing. It's us giving back. Just like the first time we did it. Last year we did it in Philadelphia. It cost us over six figures, dude. And we did it for free. We didn't charge last year. And the venue cost us over six figures. We gave free food, free event. We hosted free drinks. Geez man, this was well over six figures we gave last year for free. Who would do that, right guys? I see these guys charging like $500 for, and then $5,000 to meet them. I mean this is ridiculous shit. And quick rent, quick rent guys. This is what pisses me and Alex off and Tosh off and all the members and all the mods. We're very nice people, man. We care about people way too much. And I think that's what people take advantage with sometimes. It's like, I don't wanna get into the details but it's like, dude, these other services don't give a fuck what you do. They come into their chat room at 9.20 in the morning and start pumping out shit. They can give a shit if you learn or not. Their goal is to get memberships, to get sheep, to replace the old sheep that die. They have zero retention. Because no one's learning shit. So they spend millions of dollars on advertising because, dude, you chase shit, you're gonna die. Once in a while they make money. Sure, everyone makes money but the majority of the people do not make money. They lose money. There is no process. There's no teaching. There's no nothing. The crew themselves are inside MIC. I know this because they're learning our process. They're speaking the same language that we created and it's okay. But what I really hate is the fact that most of the guys that come in at my seat it's like, oh, I can't afford it. What can you afford, $200? Yeah, because I spent $7,000 on this program last year. It's for one year, $7,000. And I'm like, what the fuck, dude? And so it's kind of like, it seems like we are too fucking nice. And so me and Alex got really upset the other day but we're gonna do about, right? What are we gonna do about? Are we gonna change the way we are? So we said, you know what man? It is what it is. It's karma, we're living a great life and fuck these guys. Let them keep doing what they're doing. Karma's gonna get them and we're gonna continue what we're doing. And look at today. Today I took a nice loss and this sucks, dude. And I'm still here helping you guys talking about my loss, posting about my loss. You really think I wanna talk about it? I got so many private messages after I posted my loss. Some of the people are very nice. Oh, it's okay, it's okay. And other people are just like, oh, why'd you make that trade? You know, like, I'm like, dude, it's a bad trade. What can you say? So we'll start off with that, guys. We're gonna start off with what the fuck did I do today? My problem was this, guys. I was very eager to trade and I saw the setup. MTP. MTP. And this is a dollar off of the high. And in the morning, I woke up very early. I tweeted, I wake up around 4 a.m., okay? Fuck it, shit, I think I wake up at 3.38 a.m., holy crap. So that's how, that's when I get up. I get up when some people go to sleep, right? 3.48 a.m. or some crap like that wake up. 4 a.m., basically, California time. And we are there helping people. Alex is there before me, two hours before me, because he's on the East Coast. So we are there 24 hours a day. You'll see me answering questions at 11 o'clock my time, which is basically 2 a.m., market time. We have a 24-hour, this is our life. The reason we do this is because we love it. We wanna help people. So much easier shit I could do than this, guys. Trust me, man, I don't need this headache. It's like, dude, we are not making much money. People think we're making much money. We're not making money. All the money goes back, right? It's true, I don't wanna talk about that thing, but you see, it's like we really wanna help people, right? And so today, what the hell happened? Today, I was like very eager. You know what the problem was, man? I came in very stubborn. I was like, MTP is it? MTP and Bev. Those were my two stocks that I was gonna load the crap out of, and I was pretty damn sure it's gonna work. And it did work. In the morning, it went up, it went down. You know, I scouted 30 cents on some size. I was up, you know, so I thought good. And then, this is my mistake, guys. Nothing is guaranteed. I keep telling everybody right now, even if you have a 20 blackjack hand, 21 will beat you. There is no 21 hands in trading. You will always be able to get beaten. You could call it black swan, blue moon. What the hell you wanna call it? But I see a black swan every single week I walk by this pond, dude. Black duck, black swan, you call it. But my problem is this, dude. So this is the thing that you gotta be careful about. I love to talk about my losses because I want you guys to learn from them so you don't repeat the same stupidity I do. I am not a perfect trader. I am freaking human. My technical skills are very good. But my mental, my mental discipline is not all there sometimes, guys. You know, yesterday I went to sleep at midnight. I only had three and a half hours of sleep. It's just, you know, but I love it. I wake up and I still help the people. My problem was this. I wanted to bank so bad. I should have, that should have been the sign. I was like, dude, I'm gonna nail this guy. I'm gonna max the fuck out of this size because it was a dollar down. But the problem was this. Usually I have my laptop, which has all the chatroom streamers up. And I know who's in what stock. Today I was really lazy, guys. I didn't set up my laptop because I only had three and a half hours of sleep. And I didn't think anybody would hit NTP. The stock was trading at what? Jesus, three dollars this morning. Three bucks over a dollar off of the highs. This stock was dead. It was about to breach the deathline. Completely dead. And then all of a sudden I saw a huge surge of volume. I didn't know what. Then I was like, oh fuck. So I pulled out my laptop and then I find out that it's a chatroom guy that has 10,000 guys watching him live, copying every single bad trade that he does. He single-handedly took that stock on three bucks to, geez, man, $6 of a sum. This is, if that guy was not in it, there's no way it would have went there because this stock's dead. So many backholders. But like I said, even a 20 blackjack hand gets beat. And so my problem was I did not, I deviate from my process once again. So if you lose guys, go up and backtrack and backstep what you did. And you're gonna realize you did something wrong. You deviated from your process. My process involves making damn sure that I do not step into a landmine. And a landmine these days is a chatroom pump. I don't give a damn if this stock is the worst stock in the world. It should go down. It's way under Vivo, whatever the reason may be. But when you have 10,000 guys, each of these guys buying a few thousand shares of stock, and it's a cheap stock, you end up with $50 million with a volume. And that's exactly what happened, guys. You just cannot fight it. And by then it was just too late. I was already oversized. So that was another deviation. I broke the 30, 70 rule, where I'm supposed to only size in 30% of the front side and then add on the confirmation. I was so eager because I'm like, dude, this stock, I want this stock to go up so bad. And then when it went back up, I started just a size of way too fast. So I deviated from my process. And I didn't have my laptop out. I didn't know who was pumping this thing. By the time that happened, I was already stuck. And when I'm stuck, I'm like, holy crap. I added it to a loser. Deviation from the process once again. It's a very stupid mistake, guys, but this happens. So the learning thing is this, guys. I had a max loss set on the broker level. When it broke that max loss, I could not add any more damage. I could only cover. So what I did was I couldn't add any more on that account, which saved me, man. The stock is what now, seven bucks, whatever I added. I would have probably lost $50,000 on that stock. Easily. I would have easily lost $50,000 on that stock. I would have wiped out a ton of money. And then I would have pulled out more accounts. And who knows? You know, so basically having this fence protects me from myself. And these are the things that we talk about in MIC. These are things that we, as the leader, must obey because we're teaching this thing. And then when I see other gurus talk about they're down half a million dollars and then that's okay, I have a lot of money. I'm like, it's not okay. It's fucking not okay because you know what, man? You're a good trader, you can trade yourself. But if you are an educator, your students, your members are looking to copy whatever the fuck you're doing. And if you are breaking rules, if you're being an arrogant prick, if risk management doesn't mean shit to you and you are breaking everything in rule of event trading, what's gonna happen? Sure, you got fucking enough money. You're a good trader. You got money. You can get out of the hole, but you will bankrupt most of your members. Your members are not at your level. You need to be the role model. I don't wanna get into it, but maybe this is the new society where role models could be assholes now. I don't wanna get into politics, but you see what I'm saying? I come from an old society where you try to be a good human being. But this new generation of people is just so selfish, man. I just can't get it. And it kind of pisses me off and Alex off and all that stuff. But it's like, man, where's your fucking risk management, man? Where the fuck? I don't give a fuck about you, to be honest. I don't give a fuck about the fruits, the grooves. I give a fuck about the members who it's gonna blow up. And then what, you know what happened? I got budget PM today. They came to my room. They came to MIC. And said, dude, this motherfucker is not teaching anybody. He's just bragging. He comes in at 9.20 fucking pump, pump, pump. You know, people don't know shit. So I don't wanna name names. We should not name any names. It's just an example because there's a lot of people out there like this. They are in it for their own gain. They get on a microphone, have a thousand people in the chat room, pumping shit. Of course they're gonna make money. You got a fucking bunch of sheep following you. If you take a look at it, this is what I'm trying to tell you guys. If you wanna know how good of a trader someone is, look at them trading without an audience, without sheep. Can any of these motherfuckers trade without sheep? Fuck no. Where were they before they got a chat room? Where before they did it before they had a microphone? They weren't doing shit. I specifically do not pump. And I make sure Alex don't pump. I make sure no one pumps in a room because we want you to learn, guys. We're not here just to fucking pump shit up. And it pisses me off, guys. I'm so sorry. It pisses me off when these guys are doing it, getting away with it, making money for it. I don't give a fuck about them making money for themselves. We make money too. It's not like I haven't fucking made more than all these motherfuckers, right? But I don't brag about it. And I don't certainly pump people to do it. I made money quietly. One day I make the money, I posted my shit people. What the fuck? They didn't even know I was in. That's, you know what I'm saying? And that's what it is. But I'm really pissed because I get emails from people crying that they lost money and they're begging me for a discount. And I'm like, how can I give you a $200? It's $2 a month, guys. How much more discount do you want? You'd pay $7,000 for this guy or whatever it may be, right? I'm just making it up, right? And now you lost all your money. I should have went to you guys. Yeah, you should have fucking went to us because you know what, man? Most of these guys are trying to get rich quick. And that's what happens, guys. When you're trying to chase these guys, trying to get rich quick, being lazy, this is what happens. Sure, some people make money, but the majority of you will go broke. Okay, the majority of you will go broke. Okay, that's all I want to say. I had this big rant coming like that and you need to get off my chest because I got emails today from people. I posted one of them emails up and it's just very sad, man. And like for me, man, I took a lock stay, it's nothing. This is like, I'll make it back, not a big deal. You know what I'm saying? This is nothing, but imagine if I were... So today's loss, you know, I didn't post it in the room meaning like I didn't post my plays in the room. I don't want people to follow me. I broke the rules. I shorted the front side. I posted my chart. You guys saw that chart. I could have gone out at 450. I thought I was gonna go down. The next you know a teleport from 450 to six something. That was the game over. Fucking check out Twitter guys and you'll see it. So it's not like I didn't, you know, I shorted the fucking $4 line and went all into the $4 line. I max size of the $4 line, which was the high from pre-market. I did not expect it to rip up to six bucks. No one did, it teleported. But when it broke four bucks, I was like, oh fuck, I'm gonna cover for a loss. And that's what I did, it's 450, but I didn't cover enough. I covered half and I covered the fucking half at six and I'm done. But with that in mind, so any questions right now, quick questions on my MPT trade, which is, you know man, it shit happens. My mistake was deviating from the process, thinking that I'm gonna bank on it and had this notion in my head already. I am going to not get faked out. They're gonna fig me out. Cause you know what man, all these other stocks died the past week. They went up and they went down. And so I was like, okay, it's gonna be the same. Nope, kept off fucking going up. What's MTP out right now guys? Zombie hour came and it fucking killed the next set of guys that were stubborn. Went from 480 to seven bucks when I was putting on my shoe. What's MTP got, see? So shit happens guys, you, this is trading man. When you deviate from your process, this is what happens. 581, wow, went all the way back down. You know what, now people are gonna get in. It's gonna go back to seven bucks, who the fuck knows, right? But the point is when shit happens, how do you mitigate your risk? So I wanna talk that before we do the Q&A. How do you mitigate your risk? Cause shit's gonna happen guys. When things go perfectly well, everyone's happy. But the problem is these one-off things is gonna kill you unless you mitigate your risk. And this is the one thing that these guru fools do not teach people. They tell you to keep buying, buying, buying, buying, buying, buying, buying, adding, adding, adding. If you're down, keep adding. The fuck, stock was at two dollars. You're telling people buy six bucks, what the fuck? And it goes up 10 cents and you fucking take the fucking 10 cents and you stick everybody with the loss. It's fucked up shit, right? You are the guy that's supposed to be the leader but you're the guy pumping, but it's okay. I'm not the fucking authority. People do what they do, man. All I can do is educate you so that you don't get fault for the trap guys. So what do you do, you may get risk. I'm gonna tell you right now, call your fucking broker, set up a max daily loss. That is what saves everybody in MIC. That and hard stops. Hard stops, people do not put them down sometimes. But you know what, man? At least if you are walking, I compare day trading guys to walking a tightrope between two buildings. Don't you want a safety net? What is your safety net? I want a fucking safety net. I want to harness, I want to put all of those on. If you do not have the proper fucking safety equipment you will die. You may be able to walk through that thing a hundred out of a hundred and one times. The hundred first time you fall, you will die. Hard stops, but most important in my opinion, set up your max daily loss guys. Do not explain it anymore. The only reason I did not lose more is because I could not. The broker locked that account out, couldn't add to a fucking loser anymore. If I did, I'd fucking double my loss easily, easily. Triple my loss. Cause I've done it in the past. Before I knew about this broker max loss rule, right? Just things like this guy. So the first thing we teach people, okay I'll tell you, I'm gonna do a little bit of that thing. The first thing you learn when you take like martial arts is not to punch, it's not to kick. It's how to take a punch, how to fall like in judo. How to fall properly without breaking your neck. You first end up when you take judo class and all that. You do not do throws. You do fucking falls. You start first by falling, learning how to fall properly without breaking your neck. That's called risk management. And that's what I want you guys as a takeaway tonight, to go and set up your risk management. See where you lost and how you can improve of this risk management. This is where rules come from. So my new rule is this guys, I am not gonna short any more of these low flow bullshit. They want that any of those chat room guys are pumping. I'm gonna wait until they're out and then the top is formed and I'll short it. I had no business shorting this shit. The problem I had was I deviated from my process. I didn't turn on my laptop. I didn't even hear that he came in to pump it. Cause if I'd heard it, I would not be in it. I'm going to all this crap most of the time. Today I did not have it on. So basically I need to have the rule now. The rule is, you know what, that you have to set up all your equipment. You have to do all this stuff before you trade. You cannot, you cannot be lazy. You cannot skip the process, things like that. So I want you guys as an exercise, to go home and do proper risk management. Learn how to fall properly while I'm pricking your neck. Okay, so I want to bring up, bring over two way. This is the first time I talked to him. Five. Hey, what's up brother? Hey, what's up Monorock? How you doing bow? I'm glad I finally meet you. Yeah, absolutely man. Well, I kind of rambled on this morning cause my brain, you know, like you're in the chat room. You, you see me take a loss. So my brain's a little scrambled. So I hope I made a little sense this morning when I talked about all this stuff. Right, absolutely. You know, it's like the cool thing about you is just like it's rep, you know, just repetition. You say it over and over and over again. Eventually it was stick. So, you know, what you're saying today as far as sitting on the max loss and then that safety net, you know, I've heard it before but now see it in action with MTP and myself going through it. It's like, what am I doing? Where is my safety net? So yeah, absolutely. Absolutely like watching these videos and seeing it in here and over again, eventualistic cause I can be a little stubborn. We all, so, so before we get, tell everybody your name and all that good stuff. Your background, where are you from? Right, right. So I go by two way trader, right? I'm kind of like the head memer. Quote unquote head memer in the group, right? Yeah, yeah. But I see just for the memes, just for the memes. That's all I did. But yeah, so my name is Nelly. That's my real name here. And but, you know, I kind of put myself as, I'm not a new trader, right? But I'm more of like a born again trader. Okay. So what I mean by that is I've been trading off and on for the past five years but I started just like everybody else. I think at least I feel like started with those gurus, whatever, right? And traded the wrong way. But here's what I can say. I thank them because that's how I found you, Bowie. That's how I found Alex and that's how I found Posh is through them and found the right way to do it. So once I saw through Twitter and I saw and I seen this opportunity, that's when I wanted to get back into trading all over again. And here's what I can tell you when I came into it is I had to relearn everything from scratch. Like I unlearned everything that I learned from them, you know, stop chasing a breakout, stop chasing all the different things and following alerts, start from scratch. I went through the accelerator and acted like if I was a new trader. And I've been with them, I see since the beginning of this year, like March time frame. And I can tell you about, this is the first time ever that I felt that I'm actually know what I'm doing. And I had that aha moment recently, like this is something I can truly do as a full-time trader now. So thanks to you and everybody. So what did you do differently? What did you unlearn specifically and what did you learn the right way? Right, so first thing is stop following anybody's alerts. So first thing I came in, I started looking at the watch list and trying to be like you, be like Alex. And that was the one thing to do is really learn about what's good about you and everybody else and take the best and incorporate it into my process. And now every morning, now I get up, I'm in the East Coast, I get up at 430 and I have a process from the beginning, like A to Z, what does it look like before the opening bell? And then I compare my notes, compare my watches to you and everybody else to see am I seeing the right thing? But as when the opening bell starts, I'm trading my own, I am doing my own thing. I'm not following anybody else. So that's probably the key thing is really not following, not try to be like you or anybody else, but find my own identity as a trader. So you learn to become self-sufficient, that's the moral of the story that we did. I love it. And it comes from the fact that the thing is this guys, there's, alerts are good if you know how to use it right. Alerts are like watch lists and all that. It doesn't mean blindly follow the watch list. It means, you know what, this is a blueprint and guide. Absolutely. And so it's kind of like when you're taking engineering classes and you want to build, let's say a bridge, you're not going to copy the San Francisco bridge, but you're going to use the blueprint of the bridge to build your bridge, right? Totally, right? Makes perfect sense. And then, you know, it's kind of like, so you use that to learn and to guide yourself. I love that. And that's exactly what it is. You can obviously, I mean, you can copy. No, things don't stop me from copying the watch list. And to be honest, the fucking watch list is golden. But you know what the problem with this? The watch list is a theoretical watch list and we are human beings with flaws. I would love to have no emotions and no FOMO just wait for the perfect light entry. Totally, right? Don't we all? I'm telling you, man. If I follow allergies watch list and don't enter early, I hardly ever lose. The problem is like, okay, it's very hard to be able to sit there and do nothing, right? Right, exactly. And some days the watch list doesn't hit, but you don't lose. It just doesn't get you to a lot in the preferred areas. Right, exactly. And then, you know, and I think to like, to add to that point there is like, we talk about this a lot, how the tab program has really helped everybody else and shout out to my tabs. I got ATL trader here and Andrew up in Canada, but there have been my strength when it comes to consistency. Because, you know, we get into our little group when we go over our watch list, but one thing will be done recently is before the market bell around nine o'clock market time, I get on the phone with them and we go through our plans and make sure that we're executing it the right way. So first thing is make sure we got our plan in place, but then we also make sure we're executing after the bell happens. And after we're done trading, you know, thankfully we're trying to get eliminated, eliminate fall mowing zombie hour, but now we have like an after action review. Talk about our trades, talk about what went well, what didn't go so well. What can we do to improve the next day? So that tab program has helped me tremendously and I feel that I can be where I am right now without a detailed trader and Andrew. You know what, man, I love hearing that because people think that they join and they just learn automatically. No, you have to put in work. You have to work, put in the work during the trading hours and after the trading hours that you do. Same thing with school, right? You have to study and then do homework and then do projects. And so guys, I mean, I'm telling you, man, the process works. The missing link is the people like me that break my own rule. You know what I'm saying? If we stick to the process, it works. But like I said, we are humans. We will screw up. And so when you screw up, you have to have the safety equipment in place. So just a car. Why do you have a seatbelt? How many guys crashed your car? I have a crash knocking wood. I don't want to do this myself, but... Right? Right? Knock on wood. I'm like, why did I need to wear a seatbelt? But you know what, man? But the one time you do crash the car, that seatbelt will save your freaking life. Exactly. Same thing with hard stops. Same thing with the max day luck. Same thing with a zombie rule. Right. Things like that. Right. Because we get away with it, man. You get away with too much stupid stuff. Absolutely. Absolutely. And I think the other thing, looking back as far as what made me to be more confident, not only just joining MIC, but what I learned is learning my learning style. My learning ability as an adult learner, because I see Faye and I see everybody else who's doing so well right out of the gates. But I am more of a kinesthetic learner, because there's three different learning types. You got the visual learners, you got your audience over your learners. You got people like me who have to do it to learn. So I learned that pretty well. I learned my game of butt woop. I'm the horrible, I'm the horrible learner. You know what I mean? So I'm just like you. So I see you and Alex and Taj as my parents. And you tell me, don't do this. I've been there before. But sometimes I have to learn the hard way. So I've been through the simulator, I don't know how many times after hours and trading the opening over and over again and using the archives through MIC and going through it all over again. And that's how it's helped me. Like I watch the videos, listen to it, but I really still have to take the action by the simulator after hours. That's how I've been really learning. That's awesome. Learning my trust in my lines. I keep telling everybody the same thing, man, like a football player, he has 12, he only plays on Sunday, but you think they're not doing anything on the rest of the week, they're practicing. They're on a football simulator. They're similar every day. No, they're not practicing the game. Yeah. So that's the thing people, oh, I don't want to practice. I don't want to do this. I'm like, if Tom Brady right now is throwing the football during the quarantine, you should be able to be doing homework. So let me ask you about the Excel. We came out with this course, the Jumpstart Accelerator. You've taken it, you lived that in. Yeah, I've been it a few times already. Loved it because it just gives you a lot of nuances that I missed by being all these other groups. So for me to check my knowledge on it, I created like a 50 question error exam on it on myself. So I went through it and make sure that I have a good understanding. Maybe you can share that. Well, yeah, I shared it with you guys a while back, but it was just a way for me to make sure I check my understanding. So it's not like, yeah, I think I got it. No, I have to double check to make sure what I got because there's so much stuff on it. So yeah, I've been on it to like three, four different times already through that program and it's phenomenal. Absolutely phenomenal. That's exactly right guys. Sometimes, I'm telling you man, ego is what probably made me lose today. Ego to come in thinking I'm gonna nail this. I'm gonna be the man, I'm gonna do all this. And ego prevents me from going through group camp like you. You did it right, man. You've been a trader a while, but you still went back to the accelerated course multiple times to learn. And so you see guys, I wanna tell everybody, man. Take a look at all the successful people out there. Humility, to be humble enough to say, I don't know everything. I'm gonna go back and learn and ask questions. I mean, that's the key to life, man. Yeah. Let me ask you, Nellie. What do you do for a day job besides trading? So I was a sales trainer for a telecom company on formerly known as Sprint, which is now T-Mobile. It was been with there for 15 years. Unfortunately with the merger that happened with T-Mobile and Sprint, my position was eliminated. So I feel like I remember reading through your book, one of the books that you actually did with another group that was really good and you used to trade with- Yes, yes, yes, yes. So you took a bet on yourself. That's what I'm doing right now. So I'm actually have a lot of opportunities to go back to work, but I decided that this is my passion. Like, I love getting up at 430. And my wife is fully supportive. So now I decided to give that big leap of faith on myself at MIC, one full lifetime. And Cobra's gonna be opening here at the beginning of next month. And this is why I'm gonna do a full time now. Oh man, this is great, man. I wish you the best and I'll give you a little bit of advice. So this is- Please. So when I started where you were, right? Taking a bet on myself, I pretty much had, like, this is my last safety net. I have nothing after this. I took my money out of my house. I was like, dude, I lose this shit. I'm gonna bankrupt, right? And so the problem I see now with myself, I feel myself getting too loose because the urgency is like, oh, if I lose 10 grand, it's 10 grand. But the problem back then is like, dude, you have a fucking lot of money. That is my rent for like months, right? Right. And if I'm fucking, if I have a very tight budget, I cannot fucking just think, oh, it's just $100. $100 is fucking not about food money for the week, right? Yeah, absolutely. And so a lot of these guys, the problem I feel myself like I'm trying to figure out how to fix it for myself. It's the fact that, you know what man, you gotta take trading more seriously in terms of monetary because $500 here, $200 there, adds up significantly. Right. You can't just say, oh, they're paper cut, find all paper cut. Fuck, man, why don't you take the company and give me five bucks? Right, totally. That's a giant paper cut. Yeah. But five reams of like five of the people. And so my advice to you when you start this, man, you have a good support system, your wife, whatever. And so I have a good friend, his name is On. He's a doctor. He trades and he has a medical clinic and he does surgery. And so he tells his secretary at 1030, the zombie pulls the fucking plug. You're not fucking met me trade. Because this guy, he's a doctor. Obviously he makes money. Right. You see what I'm saying? And so the problem before he had was the fact that he's too loose. Oh, you lose 10 grand. I'm waiting for another paycheck and refill the account. You know, that's the problem. Right. You know, to be Asian, like you're a salesperson, you make money, you can put $5,000 in every month if you wanted to, when you were working, right? And so the urgency for you to treat seriously, it's very limited. So I love the fact that you are now all in kind of thing. I want you to make sure that you have a support system that you cannot break. Because human beings love to break a rule, man. I'm telling you, man, I was about to, I'm pulling up other accounts. I'm trying to figure out what this means to break the rule. Yeah. You know what I'm saying? Yeah. And so you're sneaking around, you go quiet. You don't tell your tab that you're breaking the rule. And so you must find a way. If you take this seriously, guys, I'll give you an example. Talk to your tab. Instead of talking to your tab on the phone, maybe do a FaceTime calling your iPhone. So the tab can look at you and make sure that you are not doing anything in the back. I love that. And I'm telling you, this is why the guys are training at the training firms in New York City, Wall Street. They do well. Because they're sitting around 20 other guys. Right. They are not fucking around. But we are home making food, walking Yeah, absolutely. And I think, you know, for me too, it just like is changing a mindset from this is not a hobby. This is a career now. So I get up. I actually get my clothes ready the night before. I have everything ready. I get up. I treat it like I'm going to work. Right? So I think that's like the big defining factor for me is changing my complete mindset that this is not a job. I'm sorry, this is not a hobby. This is not a joke. This is my career. Not a job, but this is my career. And that's really helped me change my mindset on that. What helped me when I started was the fact that I was like, you know what, man? I'm only going to use the money I'm making training to, let's say, pay my bills or to go out. And so if you have other sources of income, so I'll give you an example like today, I lost a chunk of money. If that was before, it was unacceptable. I could never lose that because I couldn't pay my rent. Right. And I was like, dude, so HMO, you got to make the money, put aside to the rent. You know, these are the process. If you treat it like a business, you know, you can't be risking your rent money when you're trading, when you make your money, pull that money aside for the month and leave it there. Right. And then give yourself, so it's called risk manager, right? You, it's basically when you're a kid, you get an allowance, but when we're adults, sometimes our allowance is too big, you know? Yep. And so if you have savings, you have your wife working, whatever it may be. And so, so this is what makes people, in my opinion, not successful because it's not because of them. It's because of the, they're not necessary. This is a hobby for them. They don't need to make money because they have others to make the income. But this is what most traders fail, man. So I love the fact that you're treating this like a business. Right. And so as a business, now start putting it together and financial plan for yourself. And basically this should be the way that you pay yourself to pay your bills for you to go out to eat the restaurants. If you're breaking the rules, you should not be going out to the restaurant. Why not yourself? Absolutely. And so you put yourself a budget, you know, treat it like a business. And then you'll notice that, hey man, you are now, this is the process, a process in the process, right? Yeah. That's what helped me, man. I was, I was like, dude, I'm all in. What is this? I mean, dude, I couldn't go out about you know what I'm saying? But the problem I have now is like, I've been doing this so long. You know, like, fuck, if I lose 10 grand, it's like, it fucking hurts because for me, the pain is not financial, it's the stupidity of having to tell all the members I lost. You see? So everybody has a different type of pain. And you know, which one's worse doesn't matter. Like for me, like, fuck man, I rather people not know because I'm like fucking embarrassed. The embarrassment, the embarrassment might cost me more pain than the dollar amount. But you know, it's vice versa, whatever. Some people might, oh, I love pain. I just don't want to lose the money. So whatever it may be, you have to put in perspective. So I'm going to go down just like you right now. Tonight, I'm going to go sit down after this and work on a plan. How am I going to start myself from keep breaking this fucking stupid rule? Why the fuck am I keep doing this? You sure say? And I have to treat it because you know, I want to, I want to do it for myself because of the members like yourself. So I can teach them things like that because if I'm here, do stupid shit all the time. I don't do stupid shit all the time. But when I do it, I tell you guys, most of them have a pretty rock solid. But the problem is like, I get loosey-goosey when I start making money or whatever the fuck he may be, you know what I'm saying? And that's what happens, man. That's stupid shit that happens. So I'm glad that you guys are learning, you're learning the right way. Like you said, Alex is learning the right way. He lost a day, but he lost a third of what he made yesterday, right? So things like that. Right, absolutely. So that's the secret, man, to keep your fucking loss much smaller than you wins. And that's tough. But here, what you guys preach about every day, that 30, 70 rule, it's like a game changer, but I never heard it till I came here. Big difference. And that's the problem I have. I'm like 100, 100. I'm glad to be short to your trades. I'm 100, 200, bro. Oh, jeez. I'm maxing it and then double the 10. I'll pretend you didn't say that, okay? Because you know, man, I've restricted myself to a small account on purpose. I usually trade with a pretty ginormous account. And to get back to this, and to be honest, man, I'll be straight honest with you guys. You know, like I trade now more for the passion than the money. I put my money away in real estate and all these development stuff where I don't want to fucking blow up a million dollars. Right. Cause I've been there, I've done there, right? I made my money, I put it away. But small is relative, right? When a small account is relative to everybody, right? So compared to before. And so when I see these guys make 100 grand, all this, I'm like, fuck, that was me. I'll make 100 grand every fucking day. I remember those, I remember those days. Yeah, yeah, you were right there with me, right? And the back then I was very quiet about it. I didn't brag about it, you know what I'm saying? It's because I was hungry. I was trying to build my bankrupt, do all this stuff. I was trading the right way. Cause I'm like, the moment I fucking start being arrogant and start buying shit, I think in the best, I'm going to lose it all. Right. And so, so now I've restricted myself to a smaller account. You know, it's all relative what small means, but, and so like a $10,000 loss is like, fuck. When I think about it, it's still a lot of fucking money, man. It is. But in the grand scheme, but these shows, it's all relative. And I'm a cheap guy. Dude, this is a $10 shirt. You know what I'm saying? That's what Alex told us about, that's what he said. The most expensive thing is his hat, man. I paid money to it. Put the mind of a six foot pig. Oh, okay. I like that. I have to do that to the Yankees hat. So guys, there's a lot of people out there like yourself and there's a lot of people out there like myself. I'm treating this sometimes too much like a hobby. And that's what's killing me sometimes. Right. You see what I'm saying? So I'm like, this is fucking fun. Let me see if I can fucking taunt this shit and write it all the way down. First it's like, why don't we just make the meat and get the fuck out? Yeah. Absolutely. Every day, I'm telling you, I'm up. But it's never enough. Because it's like, I don't have the plan. So you, so I love the fact that you're going through what I went through. And so you have to understand, dude, it's never enough. You have to get out when you can. Over-trading is the fucking curse. Right. You should never, ever, you should always have a max loss. And the max loss you should have is always 50% lower than what you want to lose. I'm telling you right now, because it's gonna take you time to actually play and all this stuff. Yep, absolutely. And that's why I love these IG lives. Every time I go for a run, that's what I'm listening to is you talk and giving these little nuggets and apply it to my business plan as a day trader now. Correct guys. Appreciate it. Thank you so much. You've helped me, man. I'm seriously, man. I'm looking at myself now like, I'm trying to figure out what the fuck am I doing wrong? And you're right, man. I was treating this shit now like a hobby and not like I used to be. Like a serious fucking career. Yep. Because I don't need it, but the same thing is like it's fucking like stupid. So I'm gonna go back and make a fucking plan for myself. Awesome. And hey, I thank you. See, these things help me, man. We grow every day, my friend. Absolutely. We grow day to day. Perfect. Well listen, I'll listen about what I just got to say to you, I don't get like start struck, but because I've been following you for so long, you are like my Michael Jordan. So I get excited just to be here at all. I am the fact foot tall Michael Jordan. Right. Appreciate it so much. Smallest after big and hard, okay. Right, absolutely. Thanks, Bob. Appreciate it. Thanks my friend. Appreciate you coming on. All right, you have a good day. Well guys, I hope you learned something. I certainly learned something. This was, dude, every single IG live is unexpected guys. I didn't expect him to say what he said. I didn't expect any of this stuff. I didn't expect myself to be, to be like aware of what my issues are currently. Like I said, man, you can be the best person, Michael Jordan, whatever, but after winning six rings, Michael Jordan got bored. What the fuck do you do now? So that's, that's what I did, man. I got so bored. Started at MIC to teach people. And so I kind of lost my passion for trading. Isn't the same whole thing, right? So then I started doing, like putting money somewhere else, more exciting. I was like, dude, how would I do anything except trade that I traded for so long. I want to do real estate, all this stuff. But at the same day, I came back. I love what I'm doing guys. And so treat this not like a hobby. That's what it is, man. Anything you want to be successful in life guys, I want to leave this stuff this. Anything you want to be successful in life, relationships, friendships, business, even hobbies, treat it with respect, serious. Take it seriously. Don't say, hey, I don't give a fuck about this. Treat it seriously because it's all about mindset, man. If I wake up thinking, oh, what's 10,000? What's 200 bucks? Paper cut, paper cut. You will get paper cut to death. Treat everything fucking seriously. And that's the fucking lesson that I need to learn. And you guys learn too. I'll see you guys back online, man. Thanks guys.