 What's up everyone so today is a Monday last day of the month last day of August And the market has been kind of slowly so a couple things I want to make note of before we start is every single Monday I do a video watch list for the viewers on YouTube for free Every Tuesday bothers an Instagram live every Wednesday. Tosh does a webinar every Thursday. Austin does a strategy webinar Every Friday. We usually release a live trading video Saturdays or Saturday morning Q&A and then Sundays are rest day So every single day we're trying to give you guys up-to-date content every single day We're trying to provide you guys a real-time market action And sometimes, you know, the markets gonna be slow. So let's kind of recap what happened, right? So beginning of the year usually always starts off strong January and February are usually very good months start off the year But then what happened in March is we had the pandemic, right? We had coronavirus Stock market plummeted people were out of work people weren't People stayed home trading became the coolest thing in the world and became the job that every single person wanted And we had some abnormal moves in the market. So from March April May June July and a little bit August So about six months We had action every single day and it wasn't just action Maybe one play day maybe two days of play the other at least three four five stocks gap it up hundred two hundred three hundred percent Stocks that were going apeshit every single day. So, you know, the market was hot for about six months and Normally in the summertime the market is cold freezing cold So I mean this year we got blessed blessed with a crazy summer because of all the worldwide stuff that have happened And now, you know, last week was a very slow week today starting off really slow It gets people kind of nervous and gets people kind of shaky and ain't like a little bit antsy Because they don't know what they don't know how to trade a slow market, right? So every single person that has entered the market within the last six months is only seeing insane insane action They've been able to close her eyes Throw a dart and make money now in market conditions like that anyone can make money anyone can make money when the markets hot When the market is slow is when things get a little bit more difficult when the market is slow That's what requires a little bit more discipline. So Because the market was so hot for about six months We have to accept that maybe for a few weeks or even a few months. We might be really slow Now what does a slow market cycle mean? How can you kind of trade it? What can you kind of do to keep yourself safe? Well, the truth of the matter is this guys In a slow market cycle your goal your job as a trader is to protect your capital, right? So on a slow market cycle what I do is I reduce my size. I try to be a little bit more patient I don't try to experiment. I don't try to do anything new In a slow market cycle. I am sizing down the reason why I'm sizing down is because I want to protect myself from the Subpar non-edge setups today. I made 40 bucks and you know 40 bucks is what I'm going to spend on my lunch today so it's not really a lot of money, but The truth of the matter is is when I was first starting off my trading career, I would lose money on slow days I would force trades. I would chase trades. I would miss the primary trade and chase it at the lows I would miss trades. So I would go trade Apple or Tesla or Facebook or Netflix But now that I've kind of been a little bit more mature in my trading journey now that I've been doing this for almost six and a half years I've learned that on slow days your best friend is just leave walk away and not even trade Personally, I feel like this market has been a little bit tough the past six the past Five to six trading days has been very very tough There's been a lack of opportunity. There's been a lack of locates. There's been a lack of edge So I see a lot of people Deviating from their comfort zone. I see a lot of people straying away I see a lot of people kind of trading random stuff just because there's really nothing else to trade and my advice to you on These slow days will be talk to your tab Make a plan if both of you guys don't agree on your plans. Just walk away, you know a Flaw that I've had in my trading early on in my trading career Was that I felt like I had to trade every day and I felt like I had to be at the desk from 9 30 to 4 If I was not at the desk between 9 30 or 4 I was not maximizing the opportunities That were in front of me and now as I've kind of gotten a little bit older my trading career I've realized that in trading the less time you are in front of the computer the more money you make The more time that you are in front of the computer the robots the algos the other traders are just fiending to take your money guys So again on slow days, you know manage your risk if you have some Small losses, it's okay. If you have some paper cuts, it's okay. If you have a small green day It's okay. Do not get greedy if you daily make $200 a day and on a slow day You're making $100 a day. Don't force a trade just to get to your number your arbitrary number Don't force anything guys I mean in a slow market cycle the people that survive are the ones that are the most careful in a slow market cycle the people that Protect their capital are the ones that survive and for me on a slow market cycle while everyone is kind of being stressed Like what do I trade? What do I do? How do I trade this? I'm thinking to myself. I'm just gonna stay calm I'm gonna distract myself. I'm gonna get away from the screens I'm gonna preserve my mental capital and then when my opportunities do come when my setups do come I am going to be mentally ready to attack these setups. So that's number one Give me a sec. Let me just check out some of these stocks are moving And number two is when does the slow market change back into a hot market, right? So now we know what happens when there's a slow market. What happens what triggers a hot market again? And it's the same thing every single time and I've been seeing this shit so much times It's the same pattern over and over and over again So the way that the market goes from being a slow market to a hot market again is we get a parabolic Squeezer we get one stock. That's either easy to borrow SSR low float that catches everyone off guard We're in a market now where everything is tanking. There's not much meat on the bone There's not much edge stocks are going up and there's going fucking straight down. There's not there's no there's no real Rhymer reason, right? So when the market is slow like that shorts get very comfortable They start using more size. They start chasing moves because that's what's been working And I never want to do that because what it's gonna end up happening is there's gonna be one stock? Either tomorrow the next day next week next month whatever it is that catches everyone off guard now When the stock catches everyone off guard It's gonna squeeze and go higher and trap and trap and trap the way that we get a hot market again Is when we get a big-time squeezer that traps a lot of people that then Motivates long-bias traders to buy the next one and find the next one. What's the next one? What's the next one? so This market cycle although it's slow When we get one of these parabolic type of low-flow pumps, whatever that keep on going that trap people That is gonna be your signal that the market is changing Okay, now what are some warning signs to look for on these stocks, right? Usually it's gonna be a low-flow float usually under 5 million Usually it's gonna have SSR on which is the short sale restriction usually it's gonna be easy to borrow So in the coming days guys if you see a stock that's easy to borrow if you see a stock That's low-flow if you see a stock that's SSR you should be just a little bit more careful Let a switch go off in your head that says, you know what the market's been slow All it's gonna take is one squeeze or to let things go apeshit I want to be careful so that's kind of the advice that I want to give you guys on this slow day I want to kind of make sure that you guys are staying safe, you know slow days slow weeks low months are inevitable That's why when the market is hot We need to capitalize as much as possible because we don't know how long the markets gonna last like this There's gonna be certain times in trading when we're feasting like the past six months There's gonna be certain times in trading when there's a famine period for last week and this is normal guys There's no reason to get upset There's no reason to be discouraged if anything this is a great time to join MIC and it's a great time to learn and brush up on your education so that when the market is slow You can educate yourself so that when the market picks up you don't have to waste your time educating yourself then So I mean the point that I'm trying to make guys is that this is all normal this happens You know, we've had a hot market for multiple multiple months And it's only normal that it's gonna slow down now again Remember what I said? What are the warning signs that things are gonna pick up? What are the warning signs that things are going to kind of? Change and that's gonna be a stock that pushes everyone off that catches everyone off Upcard so do you guys have any questions? So if you have any questions, we'll start feeling Q&A over here If this makes sense leave a like on the video also one more thing that I want to kind of mention Give me a second And I want to start doing more giveaways on the YouTube channel So what I want to do is When this YouTube so right now there's a live video so people are commenting live So when I kind of post a recap or the replay of this video on YouTube What I want you guys to do is I want you guys to comment one lesson that you learned from the video And what I'm gonna do is maybe every single week I'm gonna pick someone to either win a month of MIC for free Maybe some MIC swag maybe the accelerator so probably once a week We're gonna start doing giveaways on the channel for people that comment So the more people that comment the more comments I see from the same people That's probably gonna give you a better chance of running so comment on this video less new learned Maybe comment on some things that you think new traders should know and just something that it's gonna add value to other people Reading in the comments, so not only are we going to educate, you know during the videos Let's see if we could educate during the comments as well So you guys have any questions right now, so we'll feel the live Q&A right now and then we'll take it from there Yeah guys we want to take care of everyone in our community whether you're a member whether you're a non-member We like to take care of people that trust us, you know This industry is filled with a lot of scammers this industry is filled with a lot of frauds and you know We do our best to show our face every single day and show you guys what we're all about How long did it go from you getting a 2k account to 25k? Well, I wasn't properly educated back in the day, so it took me about a year If I was to go back and do it now it probably take me a couple of months because of what I know now What I learned this is scaled down during the slow period. Yeah, it's very true guys That's that's what I'm telling you. It's it's like okay, so let's say you're at the casino, right? Let's say you're at the casino and you have You have a 14 or you have like a 15 or something like that Chances are you're probably not gonna bet big on that But if you have a 20 and you're playing blackjack chances are you're gonna be betting big on that? So for me all these 14 hands all these 15 hands all these 16 hands I'm avoiding. I'm avoiding. I'm avoiding. I'm waiting every day for a 20 blackjack hand and then throwing my money into that guys So the point I'm trying to make is in trading you usually have an edge if you are patient So be patient and wait for your edge and then bulldoze the money in How many different strategies do you specialize in well my favorite strategies are the death line low hanging fruit The first resistance play shorting of bounce So I usually use maybe about four to five setups on the short side And then there's a couple long setups like the long the first bounce and the VWAP reclaim strategy which we all teach in our all of our videos Yeah, I'm a slow market protecting your capital as possible I think someone just mentioned that they wanted to see my office. So let me kind of show you guys my office So this is kind of my office guys. This is kind of my place of Zen I suggest that everyone has an office that they are comfortable in So this is kind of where I do my thing. I have a lot of memorabilia. So I love like space So I have like a lot of stuff about space Elon Musk Benjamin Franklin in space area 51. So this is my office guys This is kind of where I do all my thinking is where I've spent most of my time I suggest that you guys get a setup or you kind of set up your office in a way that motivates you to work It gets you excited to work So let's feel a few more questions and then I want to keep this video short and sweet because I know if I keep it short And sweet more people are gonna watch it Yeah, guys, so what do I do personally on slow days? For me what I do is I answer questions all day. I try to make my seat better for you guys I try to provide a value for you guys I make these videos at the end of the day if I'm able to keep myself busy by helping you guys That just makes me a little bit more happier More kids slow Will we see a dry type of pump and dump again? No, that was once in a lifetime. I doubt that's gonna happen Video idea day in the life. Maybe that's actually gonna be cool. Maybe one of these days if it's slow again I'll just take my phone around and record a day in the life. It's nothing too exciting I trade I drive around work out eats answer questions all day It's nothing glamorous like models and women and anything like that. I'm more of a hermit When's the next MIC event when COVID ends? We're gonna throw a big meetup MIC was created for traders meeting traders. That's what our vision was That's where our goal is that's what our soul is and we're gonna get back to that as soon as we are You know legally able to host events Guys, it's the right time to watch videos. It's the right time to educate. It's the right time to study We ran a promotion last week where you can get into the club for half price and only a couple people join I was surprised that more people didn't join If I don't even want to talk about honestly, it's just like how I don't know what more we could do to provide value for you guys To get you guys to join the club We always run special promotions. We always try to work with you guys So, you know, if you want to join MIC, you're on the fence. Maybe you don't know if MIC is the right fit for you Just text Tosh his numbers two one three four five eight five nine nine seven Ask me anything you want about trading you had a good day You had a bad day you want to talk about it Tosh is here. He's gonna help you and that's it guys So, I don't know what else I could talk about. I don't really want to ramble I don't really want to kind of give you guys fluff information just to make the video longer Just want to keep it short and sweet And that's it guys So if you have any questions feel free to hit me up Remember to leave a comment on the video We're gonna start doing giveaways on the videos and if you have any questions DM me on Instagram DM me on Twitter Coltosh, we're here every single day every single week trying to help you guys So thanks guys appreciate it, and I'll see you guys later