 All right, so a couple things I want to start off with is Number one a lot of people have been asking us about paper trading accounts And what are good paper trading accounts and how to sign up for it? So we created a landing page for you to get your paper trading account Just go to my Twitter Twitter comm slash AT 0 9 Underscore trader. It should be one of my recent tweets I will put it in the description of the YouTube video as well Basically if you follow the landing page, it gives you a step-by-step process of how to get your 14-day paper trading account Also, we are still running the free two-hour trading course for non-members That is at my investing club that's co co and The way it works is you have to register you have to reserve your spot because space fills up every week It is a limited amount of seating every week So the first thing you should do right now is reserve your spot in the free webinar Also What I want to kind of mention today is I got a lot of questions a lot of DMs about how much money do traders actually make how much money do you make how much money does like an Old person make how much money it could be made in the market and the honest answer is It depends on the day. It depends on the setup. So for example Just because you make a hundred dollars on Monday doesn't mean that every Monday you're gonna make a hundred dollars Just because you make a thousand dollars in a week doesn't mean that every single week you're gonna make a thousand dollars trading is skewed because you only trade when your setup is there and when your When your setup is there and when the opportunity is there, right? So I'll give you an example I'll give you an example. So yesterday yesterday was Think I made thousand dollars yesterday. I had five thousand shares on MDR at 198 and I covered at 178 in one minute. I Top-ticked it. It was perfect and I made a thousand dollars in a minute. That's great It's good this and that but just because I made a thousand dollars yesterday doesn't mean that I'm gonna make a thousand dollars today So today I traded TROV I had a little bit of FOMO, but because I was Recycling my shares because I was playing ping-pong with the stock. I ended green like fucking 50 bucks, right? So it's really nothing. It's really nothing. So yesterday I'm making a thousand dollars and today I made fucking 50 bucks so also a thing to kind of pay attention to is share size and How important is to kind of scalp around so for example for example the best thing that I always tell people is If you make ten cents on a thousand shares That's a hundred dollars if you do that two or three times during the day You make three hundred dollars and you walk away and what's one thousand shares one thousand shares on a three dollar stock It's three thousand dollars worth of equity, right? so if you are just able to get ten cents on a Thousand shares and you're able to do that for five days a week After you consistently do that for a couple months Then you could size up and scale up. So For me these days. I mean back maybe about a year or two ago my maximum size was about like a hundred thousand shares I felt like I was young. I had the money It was time to risk it because while I'm young and have no real expenses I should be kind of trading larger and It was through that process that I learned that trading larger is not how you make more money The way that you make more money is you make less Money per day, but you are green more days out of the week So what I like to explain to people is a lot of people want to have like a 15 $20,000 week and I've had weeks where I made a hundred thousand dollars in the week, right and for me Those hundred thousand dollar weeks were very tough because you know, I was up 50,000 on Monday I lost 30,000 on Tuesday. I was up 60,000 on Wednesday I lost 80,000 on Thursday, and then I was up whatever X amount on Friday, which led me to that six-figure week and being up and down that much is Stressful because not only does your confidence go down you are stressed more in the day You are stressed more in the real life trading becomes the only thing for you and The only way to kind of make it as a successful trader is to not have those ups and downs I had to go through that process to learn What type of trader I am and don't come around there are plenty of traders that Trade that type of size and I felt like I was ready and that was for me Until I realized that based on my own personality based on the type of person that I am I would rather work for 15 minutes 20 minutes trading the open and then shutting it down and focusing on other things Because for me personally what I find is the longer I stay in front of the setup the more I turn it into a roulette table or a fucking blackjack table and I only want to be trading when there's an edge I don't want to be fucking trading just because I see something that's moving. So I mean the realistic way to explain it is if you are just making Fucking or if you have 2,500 shares and you're making 10 cents on 2,500 shares That's one trade that one trick could take fucking 10 minutes and you'll make 250 dollars on the day and For most people you shouldn't be trading full-time What you should be doing is trading poor time trading the open trading one hour a day And then go into your day job because the reality is the most money is made in the market in the first hour The rest of the time in the market is when the algos take over Which gives you less of an opportunity to be successful so if you have a day job and it's keeping you busy during the day and Forcing you to walk away. Not only are you cleaning up in the market working one hour a day? You're also cleaning up in your real job So now you have two sources of income that are coming in the trading money could be your fun money You're going out money your restaurant money your vacation money. Whereas the Money from your job could go into your savings. You could save that and use it for other things like real estate, you know, so I mean when people ask me this question, it's so hard to kind of give them an answer because I Shit, I'm getting fucked out here, man It's so this is a bad idea. Why don't anyone tell me not to fucking walk outside once raining? anyway, so For me, it's skewed right for me. It's skewed because Was it last month was last month September? I think I made like 40 grand 50 grand in September I can't even I can't even remember like I don't even I don't even think about it But you know this month has been a lot slower. This month has been a lot slower I'll probably only up a couple thousand dollars this month after fees and For me, I mean what I try to think of is this just because you have a great month of the month before Just because you have a six-figure month two months before Doesn't mean that you're gonna replicate that every single month It all depends on the type of opportunities and top plays that are there So if you are curious about how much a day trader actually makes it all depends on you if you could come to the market and make ten cents every single day on A thousand shares you can make an extra hundred bucks a day now after you Solidify that process after you make sure that you know what you're doing after you that Consistently for a couple months now. Here's where it gets fun What happens when you have three thousand shares or five thousand shares and you're still making that ten cents the same way? You're doing both more size now that hundred dollar day turns into a three hundred four hundred five hundred dollar day And when you start making money like that that is bringing you into the territory of making six figures a year So what you want to do is do you want to start out with your hundred shares? You want to start out with your thousand shares? You want to start out small? Confirm that your process works and then after you confirm that your process works It is only a matter of scaling up from there and doing the same thing over and over again Just with larger size But that doesn't mean that because you made money on a hundred shares on a thousand shares for a week Means you're going to two thousand shares next week You have to do this consistently for months and the way that I explained to people is this I've been trading for I think it's six years now six years I've been doing it right and What people don't realize is if you just spend you know three months six months one year studying and studying and studying and then you spend another year Trading small and proving to yourself that you do it you used two years of your life to live the next 20 for free and that's the thing that people don't understand They don't understand that a year is a short amount of time They don't understand that six months is short amount of time people want to go him Watch the videos for a week and then start to fucking print money But the truth of the matter is this is a slow process But the reward is there if you just put in the time and you put in the work I have tons of members that PM me every day. It's about I think one day I count was like 75 a day It's a lot right. It's a lot. So Sometimes I get questions that range between what is SSR? What is a limit order? What is the float and any time you have a question like that? It makes me upset not because Of you asking me a question. It's because you are not putting in the work to get there You are not putting in the work to understand you could easily Google all of these questions but the fact that you're not watching the videos and Not asking the proper questions is wrong. Let me tell you what a proper question is a question that I love to see So it's something like in the morning After I post my morning watch list, let's say there's a key level at $5 or something like that or I'll give you an even better one. So Say I forget a stock on my watch list say I forget to put a low-hanging fruit I have a member that DMs me to be anyone that says hey This is a low-hanging fruit that I traded yesterday. I see a resistance level at 170 Why would this not be on your watch list as a low-hanging fruit because the stock fell down? It broke the death line and if it bounces we have a play on it And to me that is an educated question because you realize that there's a low-hanging fruit setup You realize that this is a criteria that fits something that we have an edge on and you're asking me why I didn't put it on That's true the matters. I probably forgot so that is like an educational question that helps me or for example someone is trading a death line setup and They have questions had to scale into the death line properly or someone asked me a question about What's like another one someone asked me a question about you know, this is where the resistance level is on the daily chart That's kind of where I'm looking to base my risk off of what do you think of me shorting 30% of my size at the first level and Then adding on the confirm or something like that just something that's like more Educated that shows that you've actually watched the videos and you have a process of your own because at the end of the day If you do not have a process, you're not gonna know what the help to do So I mean the moral of the story is just spend the time watch the videos If you have to study for six months if you have to watch the videos for six months If you have to trade consistently for one year again You are using two years of your life to live the next 20 however way you want it So you are an investing in yourself. You are investing in your education So just for the love of God just keep watching the videos every single answer is there I Even have like one of the members Michael Tran who's a lifetime member He takes screenshots of all the charts with the fuck He takes screenshots of all the charts that I post and he saves them and he reviews it Davon reviews his charts every single night James reviews his charts every single night So these are the people that are not only watching the videos every day They are putting in that extra level of work to make sure that they are On on top of everyone else because remember in the stock market you are fighting against People like me and people like bow who have been doing this forever, right? How who have been doing this shit forever? So if you think you could compete with someone like me or bow without any education That's wrong. We have 625 member only videos We have 425 free videos on YouTube and We have an MIC archive of over a million messages of our archive chat So what members are doing the smart members is they are going back to the chart recaps channel in the archive and Printing out the charts that bow posts that I post that James post at Tosh post and studying those charts Reverse engineering those charts and then taking a screenshot of my chart from fucking six months ago I say hey, I now understand why you shorted here I now understand what you did or another example is yesterday Luca one of the members posted in the room that when he first started watching our videos our YouTube lives or Instagram lives He thought it was a scam because trader psychology. He thought was useless He thought that it was kind of just a way to kind of get people in the door It didn't mean shit until he started to trade himself until he started to realize that oh wait Trading is a 90% psychology and no one is fucking talking about it The reason why no one is talking about trader psychology is because no one is a fucking real trader They don't get it. They don't get it. I had Dr. Brett steambarger Who was my trading coach for about a year? And we still talk on email and I have his number and I talked to him all the time but I mean having someone like that in Kind of educate me and the fact that we are trying to educate you these same lessons that these professionals have been educating me and balfour is Priceless people don't realize that anyone could be taught the technicals of trading Anyone could be taught what resistance levels are support levels death lines low-hanging fruit But if your mindset is incorrect if you do not have the proper If you so the way we say it is if your life is not in order your trading will not be in order If you're having problems at home if you are stubborn if you are egotistical if you are crazy You're probably not gonna find much success trading right so what we try to do is these Instagram lives these YouTube lives are Away for everyone to see that us traders have to stay mentally sharp Mentally fucking focused because if not Some other jackass who is putting in more work than me is going to find an edge because remember you are fighting against Everyone else so if I am putting in more work than you I am making it more difficult for you to trade if you are putting in more work than me chances are you're gonna end up making more money than me and Although I am six years into this Troll finally, yeah, what's the troll broke will be left fuck. I told you I said as soon as I get out It's gonna fucking tank. I knew it. I fucking knew it now. I feel like bow I feel like that every time he does these YouTube lives the shit tanks So this goes to my final thing If you are losing More than a hundred seventy nine dollars in the month Chances are that you should probably be joining M. I see because that hundred seventy nine that you're gonna lose It goes to better use if you do not have more than five dollars a day to afford the membership You should not be fucking training. Anyway, so I mean a lot of people were asking that question I want to kind of review it and go over it Funny story is right after this recap. I'm driving down to New York City to Tribeca It's about an hour and 15 minutes away to go work out with one of our lifetime members of Zev So bow messaged me on Sunday, and he's like, yo, I got you a gift It's a workout package, and I'm like that's cool. Like thanks for like that's awesome. Like great like it sounds good He's like it's with Zev. It's this and that and then I start to think to myself It's about thing. I'm getting fat. Well, what the hell's going on, bro? What's good? You could just tell me bro. If you think I'm getting fat I'll cut down on the ice cream, but I'll joke you aside. This is the power of my C We met Zev in New York City We went out to get sushi with him and then turns out a few months later now He's gonna start to train me and we're gonna start to work out together Should be fun should be really fun Yeah, I'm gonna learn how to kickbox the trolls. I Think I'm getting sick. I think this walk literally just made me sick I think I had one more thing. Oh, yeah, last thing last thing I want to talk about is Me and bow are starting a podcast It's gonna be called the after hours podcast We are going to be recording episode one on Thursday and we're probably gonna be posting it sometime next week and I'm gonna just kind of say the topic that we're gonna talk about the first time We're not gonna get the detail but for those of you that don't know bow was I think the first person that created an Online trading chat room for free like fucking over 10 years ago So what we're gonna talk about is the evolution of online chat rooms We're gonna talk about the scammers in the online chat room industry We're gonna talk about all the juicy secrets that they hide like Accumulating stock in private telling their moderators to pump it and then dumping it onto their members So we have all the dirt on all these people and episode one is gonna come out with a bang So be sure to look out for it on YouTube on Spotify Everywhere, I'll post the links when it's ready. I will probably release it sometime next week So that's it guys Rain is really fucking up my mojo right now. You got to go back home dry up and then drive to try back up Maybe in the next couple days. I'll do a YouTube live or Instagram live from the kickboxing gym If you guys have any questions about my see hit up Tosh at my investing club calm and remember to reserve your spot for The free course at my investing club cop. See you