 Alright, so today is Monday December 30th. I think it's around 11 a.m. A couple things I want to go through before I guess started is number one. If you don't know I actually turned a $30,000 account into a $113,000 in less than 30 days. I have the broker statement. I have a letter from the broker. I have the trades, everything. So what I did is I put all the stuff on MyInvestingClub.co slash Alex. So MyInvestingClub.co slash Alex. Over there you could look at the broker statements and you could watch the free webinar that me and Val put together. That's number one. Number two is today is basically our last day of the holiday sale. I think there's like 20 hours left, something like that. We discounted our prices significantly because we are raising our prices in 2020. So this is kind of your chance to lock in your prices and be grandfathered in. The way we did it is we did a limited number of people that we are allowing to sign up with this sale because we want to make sure that we cap the room and make sure that everyone that joins has an equal opportunity to learn. So I think there's about three spaces left. So that's probably going to be done by today. So the link to the Christmas sale is in the description. So I highly, highly, highly recommend you lock in your prices before we raise them. We are raising our monthly prices from $179 to $199. We are raising our annual price from $17.90 to $18.90 and the holiday sale for the annual brings it down to $15.90. So lock in your prices before we raise them. So the title of this video is the best strategy for beginners. And although I am not a beginner, this is the same strategy that I use every single day. And yes, membership to MIC is completely tax deductible. So if you join MIC, you could deduct it from your taxes. Right? This is something that people do not know. If you have any questions, you can hit up Trader Tax CPA in chat. Brian is our resident CPA who's also a trader. So MIC is tax deductible, guys. So you are investing in your education basically for free, right? So let me get back to what I was talking about. So the best strategy, the best strategy that I use every single day, that Bow uses every single day, that all the members use every single day is something called the low hanging fruit, right? We have so many videos on this, but I want to kind of recap why I was trading the low hanging fruit today and avoiding everything else. So here's something important to recognize, right? Here's something important to recognize. In the stock market, people only care about the shiny objects, right? People only care about the shiny objects. If you are at a bar and you see a hot girl, you know that every single guy is looking at her, maybe some will talk to her, maybe some won't. Most of the time she's either got a boyfriend or she's going to curve your eyes. So it's not really worth your time to talk to the hot chick or focus on the hot stock of the day. What the easier stocks to trade are the stocks that people forget about, right? So I always want to be looking for the stocks that people aren't paying attention to. The stocks that people forgot about yesterday are the ones that want to attack today. So today in the morning, we had two runners, right? We had two runners. We had SAVA and SVRA. They sound very similar. Maybe it was fate that they were both running on the same day. I have no idea. But we had two hot chicks today, right? We had two of them. So my immediate reaction when I see two stocks with massive volume is, all right, what the fuck is going on here? Who is stuck in the stock, right? Before you enter a stock, you have to recognize who is stuck. On SAVA, the stock made a multi-day run and every single short who touches underwater. So because every single short is underwater, I don't want to be shorting with them. I want to wait for them to get exhausted and then I want to attack. On SVRA, we had a massive run-up pre-market from the twos all the way to like almost $5. So again, anyone that traded pre-market is now toast. So I am telling the guys in the room, I'm telling Vow, I'm telling Natasha, I'm telling every single person that I know not to fucking touch these stocks on the way up, right? And the reason why is because I am not in the trade. I am looking at it from an outside perspective and I see how dangerous it is. But when you are in the trade, you are not thinking clearly. So I want to make sure while I am in a sober mind, while I'm not in the trade to warn people as much as possible not to attack this on the front side, I mentioned at least, had to be at least five times that I am focused on the low hanging fruit today. I am focused on PT, FCEL and MBOT. So PT popped up and I was like two cents away from filling, I didn't get it, whatever. MBOT, my level was like $12.50 or it was $11.70 and $12. Never got there, didn't touch it. But FCEL, my plan on this low hanging fruit was to short near 150, right? That was the key resistance area from Friday. So if you have a chart handy, pull up FCEL from Friday and draw a line across 150 and recognize why I was interested in that level. So in the morning, what I saw was this, I saw a massive, I think it was a 120,000 shares seller at 146, right? So 150 is my line and I see a massive seller at 146. So almost like instinct, without even thinking, without even doing anything, I reacted and I jumped a penny in front of him and shorted ahead of him. So if there was a seller at 146, my line was 150, so I shorted at 145 ahead of him. And my plan was, okay, he's a massive seller. If I'm wrong, I'll cover for one cent a share loss. But if I'm right, I will add to my winner and I'll make almost 10 cents a share. So I was risking almost one cent to make 10 cents a share and that's exactly what I got, right? And not all trades, I'm fucking only risking a penny, but there was a massive seller there that I could have used as my exit in case there was an emergency that I had to get out. So like a reaction, I noticed that there was a massive seller there. So I just reacted and shorted in front of him when it went my way, I added and that's it. So in the morning, I made $600 or $700 on FCL and the other stocks, SAVA and SVRA were going apeshit, they're going up, they're going down, they're going left, they're going right. I have no idea what they're doing. I'm not even looking at it, right? I'm not even looking at it because those are the shiny objects. Every single trader in the market is focused on the shiny objects of the day. It might be an ego thing. It might be because people only care about new things. I don't know what it is. All I know is that the stocks that people forget about are the easiest trades for me, right? They are the easiest trades for me. So what ends up happening is this, just because a hot chick is in play does not mean that I do not touch it, right? Does not mean that I do not touch it. What I am saying is I want to wait for this stock to confirm. I want to wait for the stock to break down. So as a short seller, what I am looking for is this. I am looking for the stock to tank and then on a bounce, on a bounce is when I want to short it. We call that a dead cap bounce, right? So if a stock is trending down and has a blip up, it's just a small thing in the eventual trend that's going to go lower. So on SVRA, I waited until the stock went from 450 to 350. I waited until it went to low of the date and then I mentioned to the guys in the room, I am looking for a pop now too short, right? I am looking for a pop to short. So a little bit of context before I continue. SVRA at this point was trading, I think over 20 million shares. So here we have a stock that is good news, is trading over 20 million shares and is easy to borrow, right? So whenever I see warning signs like abnormal volume, whenever I see warning signs like easy to borrow, there's a trigger that goes off in my head that says Alex, you have to nail and bail. If you do not nail and bail, you will get tracked, right? This doesn't mean that every time a stock is easy to borrow. This doesn't mean that every time a stock is easy to borrow, that it's always going to rebound. But the odds are, the probabilities are that if a stock is easy to borrow, it has a high chance of rebounding. So in the morning, after the stock went to 350 and bounced to, I think it was a VWAP around 4 or 420, I got a top tick 419 short because all I did is wait, right? I told myself VWAP is the key area. I'm just going to wait and put my order there. If it gets there, it gets there. If not, it doesn't. So I shorted some at 419. I got out at 390, made 30 cents a share and great. So on a trade like that, because I am not comfortable with it, because I am scared of it, because I feel like it's going to rebound, I don't use size on it, right? Not every trade, I am allowed to use size. Because FCL was a low hanging fruit, I felt comfortable using more size. SVRA was a day one hot chick. So I did not feel comfortable using size. So I planned accordingly, made my money and walked away. Although SVRA and FCL did go lower, I cannot complain about leaving money on the table. When I was a beginner trader, I felt like I had to make money. I had to top tick and bottom tick everything, or else I was not good enough. But what I've learned as I've matured in the trading world is, bro, if you see money, you just fucking take it. If you get greedy and want more money, you're going to end up losing money, man. My biggest problem, I don't know if it's in my genetics. I don't know if it's because I'm young, but I am very greedy when it comes to trading. I am very greedy. I want more. It's never enough, right? It's never enough. And that is my own problem. That is something that I am okay admitting, because I have to be able to solve this problem. And what I've noticed from myself is the more and more and more I take my gains and lock them in, the more comfortable I get, right? So in the morning, in the morning, what I try to do is, if the stock is going in my favor, if I short and the stock goes in my favor immediately, I would be a fool to be patient. I would be a fool to wait and wait and wait, right? What I have to do as a trader every single day is maximize my opportunity with the least amount of stress. I know that if I hold the stock, maybe, maybe I'll make more money. But I know for a fact that I'm 100% going to be more stressed. So if there's a 50% chance that I'm going to make more money, but 100% chance I'm going to be more stressed, what I recognize about myself is I choose happiness over money stress every single time. Because, dude, life is stressful, man. There's, there's so many other things in my life that I have to worry about first, and I cannot deal with more stress in my life, right? So I try to keep my trading simple, right? Because I know that when I have a bad day trading, I take it out on my friends, I take it out on my family, and that's not fair to them. So I want to show up to the market, make the most amount of money with the least amount of stress, and that is the low hanging fruit set, the fuck? You guys heard that, right? I think that was that garbage can that just fell off, fell down. So that's, that's number one my favorite setup. That's where I trade today. Now the next setup that we haven't really seen in about a couple weeks is the death line setup. So recognize that the market moves in cycles, right? There are certain times where low hanging fruits are going to be hot. There are certain times that death lines are going to be hot. There are certain times that first bounces are going to be hot. So you have to learn your strategy. You have to learn what's works for you. So I'll give you an example. One of our members, Brandon, focuses on the death line exclusively, and he makes a great amount of money on the death line. But over the past couple weeks, the death line hasn't been there. So what he's been doing is he's starting to experiment with small size on low hanging fruits so that when the low hanging fruits are around, he could take advantage of that. But he's not using the same size as he's using on the death line because the death line, he's more comfortable. So for example, if your max size on the death line is 2000 shares, maybe on the low hangers, he's using 400 shares just to get acquainted with it, just to learn it, just to understand it. So the death line and the low hanging fruit are my two favorite setups. Those are my favorite setups that I know that I could consistently make money on. Also, here's something else to remember. So one of the members joined yesterday and he DMed me. He DMed me and he's like, hey, I have a question. And just to preface this, I get about 50 to 70 DMs a day, all day for members, right? And I answer every single one of them. It takes me some time, but I get to it. But there are certain times that I get DMs and I'm just like, wow, this is impressive. And I have to talk about it on video. So this is a DM I got from a brand new member. He is, I don't remember his history of his trading, but he's a brand new member just joined MIC a couple of days ago. And he messaged me and he said that he said, Hey, Alex, I am a member of MIC and I love the MIC archive and I use thinkorswim on demand. So how does this sound? What if I go to your watch list in the MIC archive and pull up the commentary from September 5th and then go to thinkorswim on demand and look at what stocks are running on September 5th and use your market commentary and the replay of thinkorswim on demand to learn how you guys are trading, to maybe paper trade and pretend like I am trading. And I'm like, bro, that's fucking genius. That's something that I didn't think about. So we have something called the MIC archive, which archives every single message of every single channel. So every single morning I put out my watch list, every single day me and Val provide our market commentary. So this member decided to take it above and beyond. He decided to say, All right, I'm going to pull up the archive of certain days that I know that you and Val made money. I'm going to pull it up and I'm going to read the main trading chat room and see what what you guys were doing while also simultaneously having thinkorswim on demand on and replaying the stock action. And that is the type of work ethic that is separating people. As soon as I heard that question, I knew immediately that that member was going to be successful because they are thinking outside the box. They are putting in the work. They are doing things that other people aren't doing. So I want to make sure that everyone realizes that just because you're showing up every day, just because you're watching the videos is great and it's good and it's helpful. But you have to realize that if there are people like this that are putting in more detailed work than that, those are your competitors, right? Those are the people you are trading against. So you always have to be putting in more work than the other person because there's always someone out there trying to take your money when you are trading. Does that make sense? So any questions for me? Sorry, it's a little bit cool out here. Can you go over how you determined to cover some versus cover all on a low hang three? Well, here's the thing. I don't like to arbitrarily cover based on whatever I think. So for example, if I short something at $2.50 and my target is 205, arbitrary number, that's wrong, right? Just because I have a target, a random target, doesn't mean that the stock is going to hit that random target. I always short at resistance and cover at support. If the support is 230, that's my fucking target. Not an arbitrary number that I just came out of my ass with, you understand? So that's something that also a lot of people do is they set random fucking arbitrary numbers and they say, I'm going to cover here, I'm going to exit here. But the way to trade is buy a support, cover a support, sell at resistance, short at resistance. Keep it simple stupid, right? Keep it simple stupid. If you do not know, we have fucking 500 videos on YouTube, right? All you have to do is go into the search bar, right? Low hanging fruit, my investing club and you'll get fucking 50 videos that pop up. So something that I'm going to do in all these videos is I'm going to say a random word for now on and I want you to comment the random word that I say so that I know that you are watching the video. So today's random word is going to be stop. So if you got this far in the video, that means I know you're watching right stop in the comments when the video gets posted and then that's it. So any other questions from you guys? I'm cold. I think I'm getting sick. So I want to wrap this up if there are no questions. Remember the holiday sale ends in a day. There are three spaces left, right? There are three spaces left and we are raising our prices. Stop, stop, stop. Also, I want to mention one more thing. So I posted this in the video watch list and I said that if you guys make it to the end of the video to write the word boomerang and the entire MIC chat will spam with boomerang. So the next time I say that on the video watches, please put it in a thread. Don't clutter the main room. How can I get better at understanding market psychology? Watch every single Instagram live and YouTube live that me and Bow have done. It is strictly about trader psychology, man. Strictly about trader psychology are these videos. I was mentored by Dr. Brett Steenbarger for trading psychology. He was my trading coach for about a year. So every single thing that me and Bow are teaching you guys is straight from the professional hedge fund and prop traders, right? You guys are learning how professional traders trade, right? And that's something that no one else could do. Alex, your watch lists are great, but they're geared towards short sales. We should look into having a long biased trader post-watch list too. Just reverse it. Reverse it. Just because it's a short biased watch list doesn't mean that it's only for short traders. If you just do the inverse, if my area to short is 250 and my cover target is 230, that probably means that 230 is a good spot to go along, right? You guys have to think about this, right? Think about it, right? All right, guys. My phone is wet. I'm soaked. I'm sick. I'm going to get back home. So thanks guys for watching. And if you have any questions about me or MIC, you can email tosh at myinvestingclub.com. And we're working on something really special with Tosh that we're going to kind of announce really soon. So see you guys soon. And I hope my phone is not water damaged.