 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. Yeah. So like this webinar kind of goes with the last webinar, right? I mean, it's kind of like, it's like, I thought about just doing this one later, but then that wouldn't make sense. Like, they go together so I should do them together. Anyway, but yeah, Tom can't be here today. So we're just going to mosey on through some, some luxury material. Anyway, so I'll go over the market sentiment. There's, there's one thing I want to talk about. I haven't done a trader topic segment, you know, just a little quick, you know, something I really want to get off my chest kind of subject. So I want to talk about VWAP rejections for a, for a quick second, then we'll go into some key traders that we already just went over NNDM. And then, and then I want to get into the opposite of what we talked to last week. Last week we talked about range break and strategies and how to tackle them. Today I want to talk about range hold, which is, you know, probably about, which probably matches about 75% of the traders in here. Most traders go for range hold strategies as opposed to range break because most, most traders that trade range break strategies, they, they, they tried that in the beginning of their trading career and they lose and then they're forced to go into range hold. All right. So where were we last week? We were kind of in this, this tug of war, right? Or yeah, we were kind of in this tug of war where, you know, I thought that the spy, we kind of want to stay in the 280 to 300 range, right? That was the, that was the prediction for the week prior or for this upcoming week that, that the 295 stunting, stunting that was kind of a fear of uncertainty about reopening. However, of course everything, every, this is going to remain true for the, for the going couple of months. Everything revolves around like whether or not we're going to have a second wave or not that this small cat battle, though, that we've been kind of tug and warring lately, it, it's honestly very healthy, right? It's honestly very, very, very healthy for the market because it means that everybody has to be on their toes. It means that there's fear in the market. It means that nothing can be taken for granted. It means that there's a trade for everybody, right? This whole tug and war, it's not a full buyer's market. It's not a full seller's market. And when you're in the full buyer's market, you don't have to worry about it turning south. When you're in the full seller's market, you don't have to worry about it turning into the, you know, turning into the, the bullish market that's going to squeeze the fuck out of you. You trade with the precaution that anything can happen. And that's, that's honestly where I have the best, the best market. Anyway, so last, last, remember last week, we were like, you know what? The shorts are starting to win, but like, you know, tomorrow, Tom and I kind of guessed that tomorrow was going to be the, the day that like kind of solidified what this next week was going to be, right? If we had a bullish Friday, you know, like we were in the short side. I thought we'd go back to the long side, kind of think we got that because Friday we got SRNE, which is the major bull. That's, you know, the bull that kind of set off this week. So, you know, before the shorts are starting to win, and this week, we did have kind of like revenge of the longs in a way, right? And so we're back to the tug of war. And, you know, I think that's a great positive because, you know, now we're back in that everyone's market. So one thing of note is when, when there is, and I think it was honestly a little bit of a surprise that, that longs fought back, right? Because we, we were starting to see a couple more offerings. We started to see a couple tanks and, you know, like, I think there was a little bit of a shock on Friday when SRNE happened and then NNDM and then SIRF, right? We kind of had that progression of where the money was flowing. That there was kind of this little surprise. And whenever there's a market surprise, that's typically when range increases. The range this week has been significantly higher than the range was last week. Last week was a comfortable range. You know, you didn't have to worry about super squeezers or super tankers. We've had a drastic increase in range this week. And I think that's due to the surprise that longs kind of, you know, regained some footing. Oh, what, what, this quote, Terry's quoting me. What is that, the action one? Yeah. So, and I talked about this. The control has been even. It's now a healthy battle between longs and shorts. We're getting surprises and we're getting the tankers. So, yeah, the long chasers have been brutally destroyed, right? Stocks have been halting a lot more now as we're getting these cheapy runners, right? Because cheapy runners have tighter halt bands, right? And you guys have learned that over the last couple of months that the cheap stocks have tighter halt bands. That when stocks have these halt bands and we're in this stock of increasing range, the market gets very violent, right? This, this market has been very violent to the upside and the downside. There hasn't been much forgiveness. And this is another cycle I'm going to probably add to the next webinar going forward. There's another kind of cycle that I want to illustrate. Probably not exactly like this. I'll find another medium to illustrate it. But there is another cycle that goes in the market. And that's, I don't know exactly what I want to call it. I think I might want to call it a continuation cycle or a range cycle. We go in, the market goes in cycles. I'll add this to the market sentiment kind of section of the webinars going forward. But there's a cycle of range and a cycle of its range or continuation. And that's one of, one of the, I don't exactly know how to pin it down with the correct word. I'll think about it later. But there's a range of like, you know, range continuation where we, we enter this market where you will get a lot of fuck you patterns where the, where the pattern will like the, the market will literally just go and straight up and like straight down. There will be no first bounces. There will be no opportunity for a pop for a, you know, you'll have those markets. You'll have that, this kind of cycle where it's like, so it's chaser, chaser, sitting down, down, down, down, down, down. You'll have these like, or like you'll have this like just straight up, you know, abolition of shorts to the upside and then it will just fall or you'll have this market work. It doesn't matter what happens. There's going to be no continuation. It's just the stock's going to go up to high a day break and then come back down, but then not, but then it won't tank. It's just going to come right back. We're going to, it's like the cycle of stocks that like to stay range bound or stocks that like to obliterate range or there's that middle, there's that middle area where stocks, you know, where it's a comfortable range, right? And I kind of talked about this for the week to week. There's a comfortable range, right? So we're in more of a, of an unforgiving market. Like, you know, if you don't stop out, good luck, right? You're going to have a big loss long or short. So that's something I want to start illustrating going forward. I just need to figure out the correct medium, the correct chart to show you guys, but we're in that kind of cycle right now, right? We're in a cycle where there, there is very little range forgiveness. It's a very, it's a very violent market. The, you know, one thing I've been noticing in the last week, and genus really started it all is that offerings have been like surprisingly holding strong. And I don't know how much longer this is going to take or how long it'll last, this can't last permanently, just straight up big money that doesn't let it, but the market has a way of having a cycle for everything. Like, because when something starts working for too long, people notice it and it gets arbitraged away at least for a certain time. And that's why they're cycles, right? Like, no, like there, there are even some like cheap stock patterns where stock, where cheap stocks will, the thing about cheap stocks is that cheap stocks, like my thesis for cheap stocks is that they, most of them are going to die. Cheap stocks do not go from cheap to expensive. Cheap stocks rarely, rarely, rarely ever gain traction. But that's why every once in a while, the stocks that do gain traction really blow in a lid, right? Because you can't just have an arbitrage market where everyone knows if it's a sub dollar stock, and I mean sub dollar, sub dollar stock is just going to die, sub dollar stocks never go anywhere. A sub dollar stock never gets over two, right? There's that, there's that pattern in the market and you'll notice that if you pay attention to like sub dollars, it's a pattern. I noticed about sub dollars, sub dollars, I just don't have the patience, like I said, to really take advantage of it. But sub dollar stocks, like any sub dollar stock that pops up, they typically die, like they typically maintain the old classic pattern of that pump and dump up, up, up, down, down, down, kind of like that A-frame up, up, up, down, down, down, kind of straight up pump and dump. And a lot of traders in here, I know a couple in particular love to take advantage of it. But every now and then they're going to, there's going to be this dollar stock that just, I mean, just goes nuts, right? And that's the market's way of correcting itself saying that no, you don't get to do this forever. Right? And so there's, there's an offset to every pattern. And otherwise, if there was a pattern that worked 100% of the time, it wouldn't actually exist. What are my thoughts, what are my thoughts when I take a range, when I trade a range break, do I use one bullet or try to scale? I'm actually more likely to go full size on range hold trades, to be honest. Range break, I'm always a little bit skeptical. And most of my range break trades, I normally ease into it. And I might start shorting half and then add on confirmation, right? Or put a feeler on, like feeler on and I try to add to them. Right? That's, that's ultimately a range hold. If I'm at a good price, I'll go all in, right? I'll go all in. Meaning like, like SRNE, right? Or surf, right? Something like that. I put, I put, I put all the size right there. I have a good entry. I have a good average. Why do I need to scale? I got, I got the best average I want. I don't need to scale, right? What would, what would you share the strategy with the best odds? Range hold, range hold strategies, shorting, shorting into resistance and buying into support and, and, and, and being respectful of the range you're in and taking profits, right? And scaling out. That's, that is the stuff. Those are the trading strategies with the best odds, right? And like a death candle short, right? A death candle is a break of the range and then you're shorting into the balance, expecting the new range to hold as the top or a first balance. You're expecting the range is broken and you're expect, now you're expecting the range to hold when, when you train and expect ranges to hold, I think those have the best odds, right? History will kind of show that ranges hold more often than not. You just have to be careful about not getting stubborn and getting out when you're supposed to. All right, guys, I shall see you all tomorrow. 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