 What's up everyone? My name is Alex. I'm one of the co-founders of MyInvestingClub.com and I want to let you guys know about something special we're doing for our viewers on YouTube. So the most common question we get asked is, you know, how do I start day trading? So what me and my mentor about is we create a free two-hour mentorship course for the brand new trader. It's going to be available at MyInvestingClub.co. The link is going to be right here. This is a free webinar that reveals our 12 secrets that every single brand new day trader should know before they start. I also want to let you guys know about something that's very unique to MIC. So if you have any questions about trading or you're curious about trading or you don't know if MIC is the right fit for you, now you can text our head mentor, Tash, whose number is going to be right here and he'll answer all the questions that you have in less than 24 hours. Thank you and enjoy the video. So how was everyone's day? I had a great day until I decided to fuck it up at the end. Like my, I'm a small red today, like my first red day in like 10 or 11 days. Really shitty. Oh well. All right. So today we've got a fun webinar. We're going to go over detaching emotions from your trading. And I know this is a really difficult topic, like it's a super difficult topic to even like attempt to tackle, but I'm going to give it a shot because it's basically saying how, you know, like with this webinar, how can I get you guys to not be emotional when you're trading, right? Like it's not going to, I'm just going to attempt to let's get started. So I want to talk about the market sentiment first and then we'll bring Fay on this a week. So it's just so you guys can get a break of me, but speaking. So anyway, so where were we? So last week we were in that kind of quiet lackluster, almost eerie market, right? Like we had that, it was almost just like, you know, what's going on. And it's because it was a holiday week, right? Last week was a holiday week. So that's kind of normal that like the market almost takes like a little pause. And so, but in the overall market, we bust, we had just busted through 300 with authority. And I had an inkling that, okay, now that we, now that we've broke through with authority, anytime you have a range break with authority, there's a chance that it can be a floor. And so it's no different with the spy. I think that 300 has a potential to be a floor. And now that we've kind of seen 310, 315, I would expect 300 to actually be that floor. And I thought, you know, like we had just broken over 300. So you know, we had that 290 floor, so I wasn't going to be bearish. I think we only went under 300 like once on Monday, or once on like Friday, no, it was Friday, like once on Friday and then we didn't ever look back. So the market's been extremely bullish. The small cap plan, remember, like we started to, even though that there was a couple of offerings, there were still those buyers that were still buying stocks. So like I felt that was pretty bullish and, you know, likely an indicator that we have another buildup on the bullish wave and we got that this week, right? We definitely got a, you know, build on that bullish wave. We had a bullish, we definitely had a bullish like Monday and Tuesday. We had, we had like a little break yesterday, yesterday kind of shorts one. But then like today just came back with a fierce, just like stocks just decided to show us what they could do. So, you know, we got that, we got that extra bullish wave. This is the top spice peak. Dude, we're 20, we're almost $25 from all-time highs. It's so fun, $25 all-time highs. So the theme of this week is kind of like watch out above, right? Like not like, you know, normally watch out below to take on that. So last week, I thought that the range is pretty average. We had a pretty average range last week and we've definitely seen an increase in range this week. And typically you kind of see that, you kind of see that as the buyer's market gets a little bit stronger. And if you want to think of this chart, this is where we were last week, by the way, if you want to think about the market sentiment as like a stock chart, you know, like, you know, the buyer's market goes, you know, start, you know, we go slowly into a buyer's market and it starts to go parabolic. That's when like you're at the, that's when the offerings are going to happen. That's when the dump's going to happen at the top, right? Like the range is going to increase the, you know, kind of as the buyer's market, you know, gets kind of overextended, right? When we start getting long in the tooth and everybody's just buying everything, that's, that's when the range starts to get bigger. So that's actually like a little indication of, you know, like when you might start to see a slowdown is when the range starts getting really nuts and really stupid. That's kind of when, you know, people basically, that means people are getting rewarded for doing bad things, right? People are getting rewarded for chasing. And so that doesn't last long. So, you know, as range increases, it's just another indicator. That's why I think it's important to keep track of range. It's an indicator of like when you might want to start like being careful on the long side. And, and when you, you know, on the short side, when you need to completely back off. So the control kind of this week, I feel like we had a day yesterday where shorts seem to be in control, but Monday and Tuesday longs were kind of winning it today, longs winning. I think longs are more in control. And so I would expect that to continue tomorrow. But from an even week last week, you know, where we were seeing that bullish action in the wake of offerings, you know, it longs kind of took confidence in that and kind of took the helm of the ship. So one thing I've noticed, especially today is that stocks have showed strength beyond what is normally expected. And we saw this on AMRH, right? We saw this, um, we did like just the initial movement, right? I was actually disappointed overall that AMRH didn't continue, but its initial run is actually what made me avoid the long. I thought it was getting too long by us, right? Because it kind of just soared up that day. I was like, really? It's just kind of soaring up here. We saw that today on CIDM. It just kind of just, just took shorts for a ride, basically. We're starting to see these moves and, and even from the dips, right? We're seeing dips just recover with an, you know, abnormal amount of strength, something that you don't normally expect. And this means that shorts have to be work kind of weary, worrisome until we start to see more stuff, right? Until we start to see, you know, like midday, like death candles that don't reclaim, right? You need to kind of see weakness and see that weakness hold true. What type of range markers do you add on that? I don't have a range marker. I just keep, I just keep in, like it's more of a, I'm, I'm gauging the range of the stocks that move, you know, like we had like three, two or three or four today, like up 200, 300, 400%. Not today, like in the past couple of days, but like into this super, like multiple over 100%ers. That's kind of what I'm looking at in terms of range. Yeah. So we've seen this abnormal strength. This is a market where long traders are rewarded in the short term, but punished in the long term. You know, chasing is working right now, but don't get into that habit, right? Like there's like every now and then, like I might take a chase trade and I might get rewarded. And every time I get rewarded on a chase trade, I say, Oh, look at that. Look at that gift. I'm not doing that fucking again. You know, and like, it's not something I want to get into the habit of doing. It's not something that you want to have in your, in your trading arsenal. Now, when you recognize that you're in a buy market, and sometimes I do this, I'm like, dude, we're in a buy, we're in a really strong buy market. Sometimes I can justify me chasing, but I'll always chase small and I'll only typically do it once. Like it's, it's, it's, it's something it's almost like hot potato. You can't get caught. You can't just do, do run a buy market and chase, chase, chase, chase, chase, chase, chase. Because what that, I mean, you're just going to get genus, right? You're going to get genus like no tomorrow. And that's another thing. If you're going to chase something in a buyer's market, you never, you don't want to, you never want to chase something up on day three, right? You never want to chase anything up on like day three or day four, anything like that. That's just like Bao said, you're, you're trying to make, you're trying to make like less than 50 cents. Yeah. So premonitions long, long to kind of taking the helm a little bit proves that last week's bullish thesis strengthened. Like, but, but the thing is that now we're in the, we're now we're kind of in the moment where we're trying to find the top of the parabolic, right? Range is increasing, you know, stocks are squeezing harder, like CIDM and excess PA, right? Like this, this kind of overly bullish kind of action is happening. And so it's almost like we're trying to find the top of the parabolic, right? Like if you're a short seller, you know, like, if you're an experienced short seller, you know, this is the time to be backing off of your size and not to be getting aggressive and not to be necessarily adding to those winners when, when they crack lows, right? This is like, this is the time where you refrain from that kind of action. But if you're long, you know, you're starting to get long in the tube, like you don't really necessarily want to be like entering into these chases anymore. If you've gotten away with it once or twice, it's starting to get a little, you know, nerve wracking, right? So it's just, you just know that around the corner, this, this like, you know that this market won't last forever. Right? So you want to still enjoy it while you can, but the longer like each day that we see this, like the more timid I tend to become. How do you assess risk reward? And how do you use that in your strategy? So I think Joe Kelly actually has a spreadsheet calculator for risk reward. You can look it up. I love it. She's like, I looked at the video. Now you got to look at the video. Come on, guys, watch the video. And I put a study plan and it's pinned in after hour. You can look it up. It's really detailed of what you should look at, of course, short buys. Risk reward is big in my strategy. Like risk reward, the way I use risk reward is I determine if the reason why I'm in the trade is because it's good risk reward or it's because good probability. No, ideally both. Like I use it almost as like what as a leg that I'm standing on for the trade. It's either paramount to the trade or it's not that important at all if it's the high probability. That's how I, that's how I use it. Well, all right, guys. Thanks so much. Thank you guys. Yeah, thanks for coming on, Faye. Thanks for sharing what you did. Yeah. Alright, I will see you guys later. 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 us using the number here. Also, stay up to date by watching some of our most recent videos right over here.