 Alright guys, what's up? So today's Friday. I don't normally do recaps on Fridays. I Do sometimes if there's like a good lesson to be learned from it But today the reason why I wanted to get on is because it was a little bit of a slower week today in the market Last week week before that the week before that and the week before that we had some crazy action We had hundred percent gappers every single day That was kind of the new normal for the market it was just pump and dump after pump and dump after pump and dump every single day and There was a lot of opportunity right, but the way the market works is always in cycles Right, so there's gonna be cycles where the market is hot and where the market is cold There's gonna be cycles where the longs are in control. There's gonna be cycles where the shorts are in control So we've kind of been in a market where everyone is running, right? So longs are winning and shorts are winning After having so much action the last couple weeks It's only normal for the market to slow down So the reason why I wanted to make this video is to kind of remind not only you guys, but to also remind myself that We trade when there's opportunity, right? So as a trader just because you're sitting at the desk does not mean that you are Supposed to be rewarded with trades does not mean that there's gonna be massive opportunity every single day as traders We need to remember that we trade when there's an edge. We look for dumb money We look for stupid PRs. We look for dilution in the filings We look for a stock or trade that is going to give us a very very clear edge and this week We didn't really have too many crazy setups. We had maybe 100% gain or or like a 50% gain or or like a bunch of random pump and dumps, right? So Although I've been I was green four days this week. I had one red day the red day was insignificant It didn't matter. I think I lost like 70 bucks. It's scratch day I kind of found myself today a little bit in my own head And I think the reason why I found myself in my own head is because I was so accustomed to trading the crazy action Every single day massive moves massive opportunities crazy amounts of money to be made and this week I kind of just felt like the Opportunity wasn't there. I felt like the edge wasn't there and In the past what I would have done is I would have just said alright the edge isn't there. Fuck it I'm still gonna trade anyway But what I've been actively trying to do at least this week is what I noticed that the edge wasn't there. I Decide to size down, right? So rather than using like my five thousand ten thousand shares max size I decided to use three thousand shares max size and the reason why is because in trading you are your own worst enemy in Trading you are basically fighting a game Against yourself, right? You are fighting against your own emotions your own flaws your own everything So I know my flaw is that I can't stop trading. I love it so much. It's a part of me So rather than taking the day off because I can't fucking do that. I don't like to do it I decide to size down and yeah, sure. I didn't make as much money Maybe made like a couple thousand dollars every day, which is great. It's not really the end of the world It's not gonna change anything, but I kind of found myself just kind of getting a Little bit confused on these setups. So I'll give you an example Last week we had a bunch of all day faders So we had stocks that when the bell rang at 930 and the bell rang at 430 these stocks will go straight down So a lot of people this week were trained to hold these stocks longer than usual Which caused a lot of zombie moves which caused a lot of crazy things to happen So what I always go back to is the same thing sure a nail-and-bale type of trade is Usually always gonna pay the bills The all-day faders if and when they do come they're gonna give you the big-time gain sometimes for me what I realized about my trading is that I Trade at my optimal performance when I have the least amount of stress The least amount of stress for me means using less size Nail and bailing not holding for home runs and cutting it off as zombie times There's a lot of people on the internet these days making a lot of money Whether they're making it from pumping dumps rather than making it from chat room alerts rather than making it from whatever So sometimes it's kind of hard to ignore all that action Obviously, I see people I have friends making millions dollars a month. I have enemies making a hundred grand a month and Sometimes it gets in your head no matter what level you're at and I think my struggle Lately has been I feel like if I size down I'm doing myself at this service But I also remember that the way that I trade optimally is not how someone else trades optimally if my optimal trades Come from being leased Having the least amount of stress Trading for the first hour of the day Why should I deviate from the process that has made me so much money just based on my emotions of seeing other traders make money So the reason why this video I I want to make on a Friday I want to just kind of share is that you know, you shouldn't ever be comparing yourself to other traders Even though I've been trading for six years. Even though I've made a bunch of money. Thank God knock on wood I still feel like I underperform in the market and that's just a mentality thing. That's just me being over ambitious I guess I Think what we all have to realize is that we all are different types of people We all have different types of personalities. We are all Have different talents So because of this I want to kind of remind you that what is working for you is what you should be focusing on If you are a type of trader that makes money exclusively on death lines and Exclusively on first red days that should be what you are trading, right? It is okay to step out of your comfort zone and test things But what happens is you test things with the size that you'd be using on your bread and butter setups? So what I kind of want you guys to understand is that We are blessed in this market to be having so many inexperienced traders entering it that don't know what the heck they're doing that gives us experience educated traders an edge So to exploit that edge Sometimes some people use more size, but I realize that when I use more size, it's actually a detriment to me It kind of hurts my mentality. It makes me want to be patient. It makes me too emotional So what I focus on every single day as I will continue to focus on every single day is showing up to the market Making my two to four thousand dollars every single day walking away on the year with $500,000 or a million dollars on the year living my life stress-free because I've been at the places where you could trade a hundred thousand shares I've been at I've had two hundred three hundred four hundred five hundred six hundred thousand dollar months I've done that but when I did do that. I wasn't eating. I wasn't sleeping I wasn't leaving the house and I realized that Having less stress and less money is leading to more happiness in my life So that's what I want to kind of focus on so that was kind of what I want to talk about before we got into the trades So let's get into some trades on the day. So you MRX was one of them Give me a sec you MRX was one of them if you could tell very clearly pre-market pre-market it topped out at 440 Right, so pre-market it topped out at 440. So what do we always say guys? Let the stock Form its top and then we will short the bounce So my best trades my easiest trades on the day come from the stocks that are broken pre-market that are bouncing Right nine times out of ten I feel that the stocks that break pre-market that bounce at the open fail So you MRX was a prime example of that if you look at the chart you can see I think it was 350 or 370 it hit in the morning, which is exactly where resistance was pre-market So how do you just wait it for that? 370 level You would have made your money. It's like in trading The fundamentals the beginner stuff like charting technical analysis Zombie rules are what get you consistent in the first place and then after you find consistency for some reason You try deviating and doing different shit. So I always try to keep it simple. I try to stay to the basics I try to stick to the process every single day and you MRX was one of those trades So let's talk about this wafu as well. So let me actually pull up the wafu trade So wafu Wafu was a stock that kind of ramped up at the open and it did its thing So what I did is I basically waited for the stock to break down, right? I want to see the death candle I want to see it under view app and as soon as it did I took a starter position Trying to risk off the $8 mark. So if you could see the price levels here I just basically shorted the bounce after it broke down. I covered under support I drew my line and as you can see look at this support resistance resistance resistance resistance Now resistance breaking and acting as support for the stock. So all I'm doing every single day guys is I'm sticking to the same Freaking process every single day man every single day I'm doing the same thing over and over again and the days that I deviate is where I have trouble. So again Where did I make my money today? I made my money today on the broken stock pre-market That was bouncing and I made my money on the hot chick of the day that broke down Under view app that bounced. I only took a starter I was hoping it went higher for me to be able to attack it more But even then I was still able to make some money on it. So Today's lessons are more of a mental lesson today's lessons are more of an emotional lesson Just because this week was slow doesn't mean that next week is gonna be hot Doesn't mean that next week is gonna be slow. We never know what's gonna happen as traders in the morning I wake up and I have no idea what I'm about to trade. So again, this is a little bit of a maybe shorter Higher level type of video talking about the mentality of a trader Do you guys have any questions for me? We'll maybe open up to a brief Q&A and then we'll just call it a day and call her Friday Close all the shit any questions guys. Thanks questions here. What do I do to avoid ALT? I actually shorted ALT and I lost some money on it. I shorted some at $20 and I stopped out at like 21 or something like that and The reason why I liked ALT as a trade is because it was exactly you have more X It was a low hanging fruit that bounced I mean that tanked pre-market that bounced at the open Nine times out of ten that trade is gonna work the one time out of ten that the trade does not work I get out for a small loss and I reassess So basically what I'm waiting for on ALT is basically waiting for it to go under view app Waiting forward to tank and then basically just gonna short pops after that I think a lot of people are getting in too early on that stock Do I have a price target or per share in general for trading? No, what I do is I short at resistance. I buy support. I don't set arbitrary price targets I don't set arbitrary numbers because your price target doesn't fucking matter. What matters is the technical analysis What is your process to keep losses very low? I use something called the 30% rule which we talk about all the time 30% rule means that if you if the stock is above view app You are only allowed to use 30% of your size if it breaks view app You could use 100% so on the front side of the move My loss are usually very small because the position size is small Do you do personal one-on-one trading if someone lives close to you? Absolutely not We have MIC that's all the trading all the mentorship that you need There's nothing different that I'm gonna tell you that the videos are gonna tell you How do you find stocks to trade every day? I look at the top percentage gainers of the day How I become so disciplined a good lesson that I give people is that if you are disciplined in your real life You will be disciplined in your trading life. So that means waking up early. That means sleeping early That means, you know eating well, maybe working out a little bit having a process a routine in the real world allows you to be Disciplined in the trading world. I do not use hotkeys How many tickers do I trade at a given time? I only trade one to two stocks at a time because I don't have the bandwidth or the Sanity to trade more than one or two stocks at the same time What is your advice for revenge training? So what helps me is after I have a losing trade I get up and I walk away for five minutes I clear my head and then I come back if you don't do that What's gonna end up happening is you're gonna just try to make back the money instantly and you're gonna double your loss So any time you have a losing trade, I suggest walking away for about five minutes maybe even ten minutes grabbing a coffee and Coming back and reassessing What time frames I use I use the one minute five minute and daily chart If everything lines up on all the charts, I'm set. I think that's it guys. I'm gonna call it a day I'm kind of beat today So if you have any questions, you can hit us up you could text hush his numbers two one three four five eight five nine Nine seven. I just feel like a little bit emotionally burnt out. I really don't have any reason to be I Think I'm just getting in my own head I have problems sometimes they get too much and I don't know This is just kind of me kind of venting a little bit. This is again my trading diary my personal journey I'm gonna look back on this maybe in a year and say what the fuck was this guy thinking or Again guys, I challenge you like a professional athlete to record your footage to record yourself to talk to yourself Sometimes so that you could really be honest and try to improve on your flaws So that's it guys. I will see you on Monday Do not trade zombie times and I know I have to fucking fix this beard and fix this hair because I'm starting Look fucking homeless. Thank you