 One more thing that I want to mention before we actually get into the meat of the video is a tool is the Discipline Workshop. So I really want to talk about the Discipline Workshop real quick that we have at MIC. So this was created by our traveling moderator Steven. And the goal was to kind of create an environment where we help traders become more disciplined. In trading, discipline is the number one thing that separates you from your goals. And sometimes what you need is you need someone to help you stay accountable to be more disciplined. If you don't have someone there to kind of feed off of or to kind of learn from, then you'll never be disciplined. So Steven started off this channel as like a DM group. He started with like 15, 20 people and then interest grew to hundreds of people. And then we say, you know, screw, we'll make a channel and now there's about 500 of our members in that channel. So I suggest if you guys have been struggling with discipline, if you guys have been having issues with discipline, you know, this is the Discipline Workshop and just DM Steven for an invite. What we do in here, guys, is we judge ourselves based on if we follow our plan or not follow our plan, not based on being green or not be it based on being red. If we follow our plan, that is a win. If we did not follow our plan, that is a loss because in trading being green or red does not matter. What matters is having the discipline to stick to your plan and brought the results have been crazy. And just a few months, members are like dramatically, dramatically improving. So that is one of the tools that can help you get to where you want to be in trading. So if you're an MIC, just DM Steven RH1 and chat and he'll get you into that channel. And, you know, James helps out all day long, Steven helps out, I've tried to help out. You know, this is an unbelievable resource, guys. Wow, guys, this is amazing way. This is actually pretty damn cool, dude. I didn't really understand the whole format, but now that you talked about it, it makes total sense. People like to grade themselves based upon how much money you make, right? And that necessarily is not always the best way to trade or rather the best way to grade yourself on how you trade it. Because you can trade like shit, break all the rules, revenge trade, you know, add to a loser over and over, bail yourself out and make money because you got lucky. But that doesn't mean that's a good trade. But that what happens is it builds bad habits. The more the more you get rewarded for bad habits, the more your bad habit becomes like a lifetime of a curse, right? Correct. So, we always say, you know, don't worry about the female, it will handle itself if you trade well. So judge yourself on how you trade well, right? So how do you trade? How do you trade well? You make a plan, you stick to your plan, you cut your losers like you plan to do as long as you plan, as long as you stick to your plan, that's a win for the day. That's what you guys count, right? You guys count as a win for the day. And a lot of people guys, you guys, we all struggle with the same problems, right? We have the same issues with FOMO. We have the same issues with greed. We have the same issues with patience. So being in a channel with 500 other traders that, you know, you could kind of build off of as well, because you've got to remember guys, the people in the discipline workshop are the people that are the most serious about their trade. They are so serious about trading that they want to use every single resource to get them to that next level. And at MIC, we help you guys get there. So we have our moderators helping. The point is that if you've been struggling with discipline, if you've been struggling, let's say with your stops or even struggling with your plans, join that channel. Obviously it's free. And just start to participate and see how we like to run things in there. So I'll give you an example, Alex, maybe you can help me out. So let's pretend I am a member in the need of a discipline. Today is a nice big green day for me on GTII. So pull up that stock and help me out. Yeah, give me one second. So how would you help me on this discipline? Because this is a, this is a, most people think of discipline as a bad trader who's red, but it can also help a good experienced trader become a better trader. All right. So GTII. So yesterday it went to 8.50 and it tanked all the way down, right? So I shorted around $7 line and I kind of woke up late, thankfully, but they dropped it to open. So my plan was very simple. Just, my target was around this, this low right here, because it made the low, right? Then it bounced back up. Then I shorted it. So, so my plan was a very simple plan to cover on the watch under five bucks, which I did. Right here. Right here. So the problem I have is this, guys, which is a problem of greed. I am fucking pissed. I should have held all, I mean, I made nice money on this dude, but you know, oh shoot, wait, can you hear me? Yeah, I hear you. But you know what happens, man? Now it's kind of like, fuck, fuck, fuck. This thing went down another dollar, man. And same thing with your finger trade, right? Yeah. So now it's like, but you just, I fuck it, I follow my plan, I'm out of here. But there's a lot of people that is pissed. So what they'll do is they'll chase or next one they'll do a makeup trade, a makeup trade and then blow up because they're too early or they hold too long. They don't follow their plan. So you consider, I mean, so in this case, I want to talk about, because we, we help a lot of the beginning traders become disciplined, but we forget often times like even ourselves, man, we get, we get pissed off. And so how, how does that help an advanced trader join MIC to help that as well? Yeah. I mean, the thing is guys, we have, it's all different. So number one thing is finding out what you're struggling with. So Val, you said you're greedy, bro. You fucking. I have pissed right now during this shit. I should, in zombie hour, I should walk away because look at yesterday, guys. I shorted this shit yesterday, zombie hour and fucking walk all the way back up. And I was stuck. That's not, that's not how I was stuck, guys. I, I think I took over nice. I'll, I'll be honest with you guys, okay. I was fucking, I hammered this shit all the way down. I got posted, but I held too long. I started adding, adding cause I'm like, it's broken. It's gotta go down today, but it went down today, not yesterday, right? So I am here stuck and then it went down after hours, obviously, I mean, at the end of the day, but I held it too. Look, so it went down here. I didn't fucking cover it. It walked all the way back up. So then I was stuck here and I woke up late. Thank God. Sounds like we gotta get you in the workshop, bro. Yeah. So everybody, everybody, everybody needs this workshop. So that's the point. That's exact. The exact point Bowser is making guys is it should be, everyone is in that workshop. Dude, because you know, I graded myself. I made money yesterday and I, I was like, fuck dude, but my discipline was way off. I got hell agreed. I started to keep on adding, adding, adding to a winner. That's what you do. You act to a fucking winner. So yesterday I had it all the way fucking down and then it started going back up, dude. It went up a dollar, you know? There's a balance between, if I followed my plan, I walked away and I covered the bottom, I'd be happy. But we can never cover at the bottom everything. We can never short the top everything. So the discipline workshop teaches you to follow your plan, no one is perfect, make your money, get the hell out and be happy. Because that's why I post that quote, comparison is the thief of joy. I was so fucking happy when I thought I covered the bottom and then next year you know. And the bottom falls out again. Or you don't have enough, Alex, right? You're like, why do I have to treat you? Yeah. So those are the things that discipline helps you. So on my calendar, I would rake myself as a losing day, even though I'm green, right? Exactly. Exactly. And I think that's what it is, man, is the mindset guys, do you imagine you have 500 people, a couple hundred people telling you that? Even if you lose, even if you lose because you stopped out, you follow your plan, that is a winning day. Correct. That's exactly what it is. So that's the mindset that you need to correct yourself, guys. So I think that Steven, man, I give hands off to Steven. This is a great, great idea. We talked about it all the time, but no one's ever implemented. How did, how did help people? Yeah, he started off as a small group of like 10 people. And then once the 10 people start telling other people about their results, it almost snowballed into more people wanting to join. And everyone at the discipline workshop, I mean, the way we're gonna have it said is just keep sharing whatever you feel comfortable with. You know, if you're there just to observe, you could be there to observe, but if you really wanna take advantage, just participate. We're not judging you on how much money you're making. We're not judging you if you have $10,000 days or $10,000 losses. We're judging based on if you followed your plan or not. So if you did great, if you didn't, what could we do to help you improve? Yeah, I posted some of the results. This is very preliminary, guys. It's only been like a month, right? Yeah. I've seen so much improvement. So they post like win, win or lose, right? You follow your plan. And then you take a look at the P&L that comes from it. You'd be very surprised, right? You're like, holy shit, I did pretty well just by following my plan. Yeah. Versus like you tracking P&L every day, you know, it fucking sucks when you know, like you did all the right things, but you still lose. And so you feel like crap. You think you changed your plan, all this stuff. Guys, that's what we're trying to tell you. Just because you lost does not mean that it was a bad day of trading. Correct. Because we want to fucking break even or lose small because, you know, there are traps, you know, no one wins all the time as long as you follow plan. Yep, yep, that's a good point. The next thing I want to talk about is what, so we've been having a lot of buy-ins lately, guys. So a lot of people have been asking, what is a buy-in or how does that work or what the hell is going on? So if you've been trading these stocks, like FNGR or ATXI or anything else that's been moving this week, there's been a lot of buy-ins. So this is what happens. When a short trader holds a stock overnight, the broker has two days to find a locate for that stock. If they are not able to find a locate, the broker buys you in. And the way that the broker buys you in is they put the order into a VWAP algo. So let's say you have 10,000 shares, they're gonna algo your order through VWAP, 10,000 shares all day long. So when stocks have buy-ins, the broker does not allow you to short it. T-WAP, T-WAP. Yeah, exactly, exactly. So they put in some sort of algo. They put into some sort of algo that covers it throughout the day at the average price of the day, basically waited on the time, whatever. The point is, guys, that when these stocks are being bought in, number one, the broker that buys you in is not gonna allow shorts for the day because they don't have the borrow. And number two, the stock trades very irrationally. So ATXI, whenever, like I think last, yesterday or the day before, every time it tanked, it would just bounce up on air and you would think to yourself, who the hell is buying this? It's the algo, it's the cover, it's the buy-in. So whenever stocks are on buy-ins, guys, you have to be very careful trading them because they trade more irrationally than possible. And this leads us to the next tool, which is the broker. So you wanna talk about that, pal? Yeah, so what happens is these buy-ins prevent you from shorting. You have no idea, to be honest, guys, as a normal trader, you don't even know what a buy-in is. No one's gonna tell you that stuff. Some bigger traders will get information from the broker because they'll ask them, why can I not borrow this stock too short? And they'll tell you that it's doing buy-ins. And so you take a look at ATXI yesterday. That was the day that you had buy-ins, right? And it went from 10 to 15, 16 pre-market on air because probably what happened is the moment the traders found out there's buy-ins, boom. Yup, so there's a lot of nefarious things. I wanna get into this. Catch me at the next meetup, get me a joke, and I'll take you out. There are brokers cheat you as squeeze your buy-in, guys. I'm not fucking joking around with you. Any company, any broker, I'm not accusing any broker of anything, guys. I ain't just speaking in generalization. Let me just give you one minute what happens, okay? I'm not setting a fear on the market. I'm not saying that anybody's doing this, but it is a possibility and we will shut up and we won't say who's doing it, but it has been done. So if I was the broker and I saw there was 100,000 shares being bought in of ATXI, that is the most powerful insider information you can fucking get, right? Because what's gonna do is I am gonna go long pre-market. 50,000 fucking shares. Knowing that I have to buy you suckers in, 100,000. And I would move that motherfucking stock up myself and put a giant sale order that the firm will take out. Legal. Yeah, it's crazy, guys. There's a lot of sketchy stuff to be in this. But anyways, guys, I don't like any fucking shit that has a fucking buy-in. Why is it my fault that your dumb ass don't have fucking locates for me to buy it and now I cannot trade the stock? So that's one of the tools of the trade, guys. One of the tools to make money we wanna talk about. First of all, you know, you have to have the right mentor shirt, that's cool. So thank you, Steven, for that discipline workshop. Number two is that most importantly, you can't come to battle, guys, with a little pellet gun, man. You need a fucking tank, you need all that. So you need a broker that's gonna let you do all that. So I hate to, I mean, this is not meant to be an ass or anything, but it's fucking true. Because yesterday due ATXI ran like a motherfucker and we're like, why is there buy-in? Someone's like, oh, it was being bought in. I'm like, holy fuck, you know? I mean, that's great information to know. And you fucking squeeze the damn guy because we know there's a buy-in that you can squeeze everybody, right? But the thing is, you cannot short that. So there's long times like, so today, what was the buy-in? Alex, today, name all the stock, yeah? Today, there was FNGR was being bought in and ATXI was being bought in as well. So take a look at FNGR stock, dude. You swore it was today, right? FNGR, yeah, I got one entry on the bounce. Let me actually show you that entry. Yeah, let's talk about that, because some brokers cannot short, you can't launch. FNGR, I basically, this was the move pre-market. I basically ignored it all of market open. I got one bounce in the morning and I just covered on that bounce. That's it. Yep, Nail and Bill, get out. So how much you paid for that locate? That locate was dirt cheap. I think it was, I think it was like 13 cents, maybe? Maybe even cheaper? I woke up later and I found it for seven cents, bro. Let me double check, one sec. I paid seven cents, but it hasn't bounced back yet, but if it was- 0.071, yeah, seven cents. Yeah, we paid seven cents. 0.071, that's straight. So seven freaking cents, dude, to borrow finger. And I made, let me see. I shorted it at 673 and I covered it literally, literally one minute later at 590. So that means 590. That's 83 cents, minus seven cents is, yeah. I mean, it's 75 cents a share in one minute. Dude, that's pretty good. So that's the key, that's the tool. Other brokers are shut out because they're stuck doing the buy-in. So SESTERAE, one of the conditions that we moved to SESTERAE was the fact that, first, Red Show, Regulation Show. Red Show, you can't short on Red Show days, but we've been shorting all along. Yeah. So other brokers finally changed that, things like that. So this buy-in has been a big problem. So that's why I had to get more and more accounts before so that I can short these buy-ins. Because you don't know when, man, you know how frustrated it was back then, Alex, when the, because what happens is the day that, the day that it tanks, we want to have to share it to short finger today. Tell me. And if it was a popular stock like finger and it's low flow and all that bullshit, they're going to buy you in. So the fact that you're able to do this is huge, guys. So that's one of the tools of the trade, right? Okay, so moving on, what else is there, Alex? We talked about, I mean, what I was going to say next is just having a support group of people around you, like a community. I mean, like, again, this is, the whole point of this guys is, for you guys to understand, trading is very lonely. I am sitting in my office all goddamn day long, just staring at these screens, all day long. And oftentimes, mostly in the dark, I open these blinds because I want to get some light in here, but mostly in the dark and trading is very lonely. And just like in anything in life, if you do something alone, you're really not going to see the results that you're looking for. You know, I need to be surrounded by other traders like Bao, like Stephen, like James, like Harry, to be able to improve myself as a trader because I don't know what I don't know, right? So being surrounded by other people who are great at certain things helps me improve. For example, Harry's a great long-boss trader. So seeing him trade longs helps me understand the mindset of a long trader. Bao is an incredible channel trader. So seeing him trade the channel gives me a better idea of how I could trade the channel. You know, I'm a better trader in terms of stock selection. So traders can learn from me on how to select stocks better. The point is guys that being surrounded by other traders with all different types of skill sets will help you improve your skill set as well. Yeah guys, this is the thing you'll notice that we talked about this. I think other people, I've seen, so there was a traders for a cause event that we didn't attend, but I see people post a lot of the things that we talked about for years now. And one of the things we talked about is working as a team to better yourself. I always use the analogy of like, you know, like, because I grew up in the old days of prop firm and you know, all that stuff. So I seen how they do it. Alex was in one as well, way back in the day. So what happens is like Goldman Sachs, all these guys have a trading pit guy. You don't sit in isolation at home on your underwear, like we do. You sit in a pit. So what happens is you have a risk manager overseeing all your trades and you have other million dollar traders around you screaming out what to look for, things like that, and news. You have guys that are doing news for you. The beauty of working in a big firm like Goldman Sachs, all those things is what happens is you have a trader, you have an analyst, you have a researcher, you have a risk control guy, you have all these things, right? Because what happens is we are just one human at home. You, Alex, have to do your own research. You have to figure out how to do stock news. If news came out, you're fucked, but those guys don't have a Bloomberg account just looking at news on your behalf. And so how do you mimic that? How do you replicate that? By having an environment like MIC, right? We have guys like Alex helps with, he's a very good stock collection because you have the most discipline, man. I like to trade all of this bullshit. But I'm very good with my lines. So I show you what works. So because of the fact that I'm showing the channels, you see the lines ahead of time that work because Harry is a very good long buy trader, for example. And now Tom is doing that, as long as all people doing long buy trades, I understand the feel. And they go, if they're in that stock, I better not be in fucking shorting too early at that stock. Exactly. Or if we're saying to avoid a stock on the short side it might be it's a good long. Correct. So that's how you help, man. Because so like, we have Tay, she's a moderator. Dude, she bought finger at fucking four bucks or some crazy ass, she's beast. You know what I'm saying? So we, in the morning, yesterday's finger was four bucks pre-market. Me and Alex do not short, do not short, do not touch this motherfucker's stock. We're too stupid. We didn't go long. But she went long at four bucks. And then she sold it at $7 to $8. And she was mad because over half the hours it went up to $10, right? So that's the thing. But she was not upset. She's like, you know what, man? I sell, I sleep better at night. I don't have any FOMO. If she had held that thing, she would have been right. She lost back all her money. Now it's like five bucks, right? Yeah. So do you guys have any questions for us? We could maybe do like a quick five minute Q&A for you guys. You guys just throw it in the chat here and we can kind of respond to it. In addition, guys, I'm very close to releasing my live trade. So hopefully maybe by next week, I have a live $145,000 live trade recorded on Bed Bath and Beyond with voiceover and commentary done by me. And after that trade goes live, it's gonna be free for everyone on YouTube, Instagram, Facebook, whatever. And then after that, we are going to have a full library of live trading videos available to lifetime members only. So I've recorded about $260,000 worth of live trades. The first 150K of Bed Bath and Beyond is gonna be free for everyone. And then the rest is gonna be for members. So I even recorded my trade today and I'm basically trying to build that library, hopefully to half a million dollars in live trades. So hopefully every single week or every single month, I'll have a couple new live trades for lifetime members. But the first one, the $145,000 trade will be free for everyone just to see what we could do every day, you know? Yeah, great stuff, man. We're always trying to... So talk about this recession real quick, man. I think if people wanna talk about that, we'll probably end on that, man. I don't... Does this scare you? I mean, from a trading point, Alex, I don't even fucking feel the difference. You can tell me the shit. From a trading point, it doesn't matter, right? Because we're here every day. We don't really care if the market's up or down. We just care if there's volatility. I think the big thing that people have to think about during this recession is we are in a recession. Don't listen to the media. They're telling you we're not in one. We're definitely in a recession. The question is, is it gonna be a depression? But the main thing I think that people need to understand is now more than ever, it is more important to save as much money as possible, to not spend money on stupid shit that you don't need so that all the world is crumbling, all the economy is going down. I mean, shit is gonna be on discount. You could start to build your wealth in the best way possible during recessions. The biggest wealth generators have been, you know, 2008. When real estate crashed, people bought it, you know, five, 10 years later, triple quadruple, five times your money. Same thing in 2020. 2020 we had a fucking massive panic. You know, one year, two years later, it got fixed. Now I'm not saying that in one, two years, this is gonna be fixed, but if you didn't have cash on the side, if you didn't have a savings on the side, there's no way you could capitalize. So my advice is cut your expenses, build your cash, and just wait. Yeah, so what the economy usually do is, so when there's ever a recession or a depression, America, they invest in infrastructure. And that's what we told, so businesses invest in infrastructure. You know what infrastructure is for yourself? Investment in yourself, guys. Cut out all the bullshit, like buying Gucci's belts, invest in yourself, because things are slow. So what does investing in yourself means? Like your education, saving money so that you can make money, right? And so when I was talking about, don't spend your money on stupid shit, I agree. So you know what stupid shit is? It's losing money, gambling, trading, well you have no clue what the fuck you're doing, okay? So you imagine guys, and we keep saying this all the time, ask yourself how much money did you lose this month? How much money did you lose this year? How much money did you lose yesterday? Yeah. You know, like imagine if you invest in yourself, now you're in the discipline workshop. And I mean, dude, I don't know what else to say, man, but if you're losing more than 250 bucks a month, guys, I mean, and you're saying that MIC is too expensive, I don't know what to tell you, right? Guys, so. You know what it is? The thing is, Matt, I've learned that we shouldn't try to help everyone. We have to only help people that are serious about trading because this is a true superpower once you learn it. And to be honest, it's actually in our best interest that you guys don't join. You guys keep gambling and we keep making money off you guys gambling. So you know, don't join MIC if you just wanna get rich quick. Don't join if you're gonna waste our time. If you're serious, join. If you're not serious, don't join, please. Yeah, some idiot that's not educated started buying a broken stock at the fucking 450 line, which I fucking shorted. And I just, there you go. There you go. That paid MIC for, yeah, for a few months in my theory. Just, right here while messing around on Instagram Live, guys. So, I mean, you're right, man. So we pivoted from trying to help the world because you know what happens, man? When we try to help the world, there's a lot of, most people don't want to be helped. Most people are just getting rich, wanna get rich quick, which takes time away from the people that really wanna get helped. And so we've actually reduced the number of people that is allowed in MIC. Same thing with our broker. Our broker is very strict, guys. There's reason why you have to have a minimum. And I think there is an application that asks you beforehand, like how much you train and stuff. See if you're ready to be part of the brokerage as well. So we don't want people in to take up precious time from people like Steven and James. Cause if you're not serious about trading, guys, I mean, dude, we don't want you in MIC or- Yeah, we don't treat this like gambling, guys. We treat it like a professional career. I mean, you know, if you wanna make millions of dollars, it's not gonna happen by just gambling. I mean, you're not these professional gamblers that, you know, get lucky. You know, we have a strategy. We have a process. And it's no surprise that, you know, the watches we put out is 90% win rate too. It's cause it's not gambling. We're just waiting for certain patterns to show up. And when those patterns show up, we capitalize. And if they're not there, they're not there. Yeah, man. The watch is alone is supposed to be for two reasons. To help you learn how to make a watch list to, but, you know, the key code is to trade off the watch list and make money for your membership. But don't tell anybody. They will still don't do it. Okay, so this is what we do guys. The next, so tonight we have a bunch of webinars. So tonight is the big cap and large cap with Joe. And tomorrow, this is what I like to do, man. I like to have, if you're around, Steven, to help Tosh to be the special guest where Tosh is, what is it, webinar? So all you guys are watching right now on Instagram Live. Make sure you attend tomorrow's free webinar at 2 PM, Market Time with Tosh. And Steven is gonna talk about the discipline workshop. So I think- It'll be on YouTube Live and it'll be on YouTube. Yep, so guys, look for tomorrow guys. So I think this is a good segue for us to say, thanks man, get back to trading and then a free discipline workshop tomorrow, 2 PM, Market Time. So look forward to the tweets guys. And thanks Tosh. Tosh is hosting that and Steven, thank you guys. Sounds good to see you there. All right man, see you man.