 Alright guys, so we're officially recording. This is just the Q&A already did rants already did tutorials This is our chance to answer your questions This is our chance to kind of give you guys a little bit of a coaching session a little bit public So we won't give away everything man, but we got to give you guys some good info and Joe, are you here? Joe might be lurking in the background if he is I'll bring on Joe or somebody Oh Where are you sunshine? I know Joe's in here, dude. He's a thief in the night. He's he's a silent assassin. He's silent, but deadly He just he just sidelines his way in man, he just like what's what's that? There's a word for it like cyphals. No, no, no, it's um side want now I'm trying to think about word, but Joe just literally teleports in like a teleport candle, man Well, here's what we'll do guys So I will break down a little bit of my thought process this morning while we wait for Joe if he is coming on Otherwise, I can bring someone else on so let's go through these one by one One sec This morning this morning this morning this morning the key levels for each of these and what we were talking about So remember what I talked about in the beginning of this today We had a stock called si o x it ramped up in the morning and actually do here's what it did Here's what it did put in a really nice top man and put in some really nice overhead for anybody that is interested I'll redraw this. So let's go. Let's go like one step at a time, right? So one sec Let's go one step at a time. So this is what I was thinking come to the open, right? We had and I got to like remind myself So we had in fact, let me put this on a separate screen guys to my left So I can talk about all of them at once because I'm only on a laptop right now And this is just going to help me see everything better All right So I can see all to my left of main three runners and remember what my thought process was but check this out We had si o x in the morning. We had a emd and we had nvc and this was broken down, dude This is broken down. So check this out Remember how this is remember I said that one webinar. I said there's only one time in history. I use Fibonacci retracements There's only one time and I think it's this one. I Use it only one time dude and here's why Look at where the stocks opening you don't have to use this for anything other than to figure out where the 50% line is right Look at this 50% so let's just draw 50% line is the only time I use this bullshit Otherwise a stupid ass indicator dude so stupid. I just want to know a percentage That line now is 50% of the move This stock is down 50% of the move it made it's cut in half It's a sandwich without the frickin bread. It's an Oreo without the one side, dude You have to understand what that means all of these longs are under water bruh That's overhead What do you think? These are these are longs that want out of their positions. So here's what I said this morning I said if you go back and read the commentary timestamped, I don't want to do that because that'll be a lot of work Here's what I said. I said it's trading way under VWAP. I said VWAP to the next outer line Is gonna be your guide here was the outer line for me? I keep it simple every single day guys Why was this the outer line sometimes? I'm not exact to the Senate maybe a 430 line. I wear the tops I talk about this every single week man There's like a top right here like the formula base if this is like almost a mini top This is where are the tops bro? These are resistance points There's a lot of resistance right there and we can just look if you want to make it even we can We'll just say the 430 line up to the 430 line You have tons of overhead resistance and a little bit of a ceiling right here in this general area So when this careens up after it's been trading way under VWAP and it opens What do you think is gonna happen? It's probably going to fail within this. I call these scale zones, right? Every single day. I'm looking at what the two outer lines are and the scale zones. This was it This was it Next let's talk about AEMD which was the hot chick on the day. What is a hot chick? I'm trying not to give too much information, but I'm also trying to give you guys a little quick lesson For the look dude, if you want everything you got to join M. I see man Then we teach this shit all fucking day every single day So it's it's tough man I'm trying to teach you guys, but I'm also trying to make it like you don't have to just Frickin tuning these webinars every week to learn trading man. That's ridiculous. So but I will say I'm just giving you my thought process This morning was a hot chick until boom That is the kiss of death. What did it do? Nothing since the kiss of death. This is the only setup in existence. I chase the only setup I will throw a little bit of size down here and I will add up to the halfway mark of a death candle And I will set my risk right there. So hold on I'll show you This is where my stopout point is this is it But I will scale the death candle and I'll scale up to about the halfway mark If this breaks you're an idiot if you hold on to it at least at least I'll say it like this I'm gonna be I'm gonna be nicer You're an idiot if you hold on to a hundred percent of your position If this were to break if you're not cutting 50% of your position to see if it stuffs to add back to 50% You're crazy. You're dude. You are crazy You must if this breaks and makes a high over pre-market high day, you have to cut half I cut full dude because here's what happens I am not stressed anymore. And then if this breaks and here's what it does, right? Here's what it does I'll draw it. This breaks right here. I Stop out and then immediately stuffs. Guess what? I'm getting in right here Most of the size that I had because you know why? That was a massive tell that dude after death candle They almost never break if it did and it failed and a huge stuff and specifically at the 350 mark whole and half dollar number I'm getting it on a pop and some this is like the one random example I will go over 30% over view up But on a general speaking scale and what is teachable guys if it's over view up use only 30% of your size Just trust me just trust me man. Unless you're a veteran you can negotiate those numbers a little bit But dude, even James would tell you man. He's been doing it for two years It's one of the best things we teach at MIC is use 30% of your size of review up, dude Very very very rare circumstances where you want to do anything to the contrary Okay, so that's that so when this put this in this was no longer the hot chicken anymore, dude This was not front side. This was the kiss of death And then lastly Once one second jail answer your question. Just give just give me one second the last one buddy NBCN Nothing nothing nothing for me. This was so beaten down again. This is the only time I use this stupid ass indicator Just for a percentage on where the stock is opening up. That's it So if you guys want to see it's 25% of its range, right? So like you can ballpark it you don't have to be exactly the science, but do you think about this think about this I've done this in other webinars Say you draw a line from where it opens to right here Bro, that's 30% at max of the side. That means you are trying to make Technically this by risking technically this Because here's what happens if a pumper comes in here do this this thing is flatline. I never hit shit like this It's just not worth it man. I always feel like I'm making this to risk this not like you would hold Obviously from 110 to you wouldn't do or at least a trader who's you know had some experience wouldn't do that But here's the thing. It's a feeling of comfort There is so much less downside what feels like to potential upside risk. I don't like these trades It's too beaten down. Yes. I said it a stock can be too beaten down This was one of those instances. This is an avoid for me in less in less And I'll redraw I'm going a little quicker. So try to keep up I will give it the outer tops if it's somehow got a wind If it's somehow got a pumper That's what I would want on something like this because it's got no meat on the bone And here's what I would want. I'm not hitting front side on this not like I'm doing on AEMD If you remember I'm waiting for orders to get up here. I'm not scaling the same on mdc n. You know why? Because on something this broken down if it has the potential to get to 150 Brother it may have the potential to get to wait for the break to these resistance levels wait for the massive stuff Why can't you just hit a bounce right here and write it down? This is the move I want not this This is the safety move. I wanted to reach these major levels of resistance and I want it to fail Dude, james is the king of this man. I see him do this a lot dude. Shout out my boy james I see james do this every freaking day man. He he really got good at this man Dude some days you just don't want to hit the the um outer lines Exactly where the outer lines is wait for outer lines and then wait for a confirmation to get in on the confirmation, dude I'm trying to make this as simple as possible for you guys as you guys can see man This is not super complex. You know what it is. It's disciplined. It's disciplined It's it's it's it's rudimentary dude. It's it's it's it's regime like it's it's so unbelievably clear on what you have to do You have to sit on your hands until you get an ideal entry. It's as simple as that welcome and trading So if you don't have the kind of discipline you're gonna have to learn, you know You're gonna have to learn how to get disciplined. I don't know how better to say it man Um, let's go back to j. Kalini What would you describe the m-i-c process is in a few sentences? Are there setups one should take trades to to hone in for on for beginners j I'm gonna say it as clearly as I can buddy The m-i-c process is line to line Base hits that add up to a grand slam either by the end of the day Or by the end of the week or by the end of the month and you have a really good month What I mean by line by line we can use s i o x as an example today What i'm talking about yeah, and risk management, of course I mean zah every single trade guys this goes without saying in fact it shouldn't go without saying but it does You better have a hard stop on every single trade you you take if you don't have a hard stop brother It doesn't matter what process you have you are in risk of getting destroyed That's what up, bro. Oh shit. All right. Sorry. I'm late, dude I was getting the kids some lunch and then the baby started crying so Bro, I understand Carry on carry on so let me just finish this this really quick thing And honestly actually joe, I would love to hear your kind of feedback on this as well man Maybe from like a big camp standpoint So when it comes to line by line guys, we are waiting for our ideal lines. It's not chasing It's not fomo trades you wait for your line if this is your line And this is your next line because these are somewhat close together James i'm gonna scale both these lines. Here's the other thing If the next line was here just say for the sake of the argument the line was here You scale line of line you scale here if it breaks you cut and you re attack in an outer line And then you cover on washes We are focused at m i c on the best entries possible to get our base hits day in and day out Like I said, james is a perfect candidate and a perfect role model for all this because he implements this every day He's not using 20 billion shares to make one dollar a day He's maybe using 2 000 shares and he gets 20 cents a day on three four different names And that's the way you make a killing in trading. We teach this at my dude exactly. Oh, dude exactly Dude james, that's perfect Bro started off with probably a feeler up near a daily resistant line Once he saw this top out he hit it again, and then he played around what's called playing a core I can already see it covered a little long wash it Did he long that oh that is a long. Oh, shit. I I miss. Oh, no, no, no. Yeah. Oh, shit. Yeah What the fuck? At a boy, dude, I completely miss saw it. Look at him. Look at him coming around Now now here's here's the thing man. Now. He's he's dipping his toe on the long side Large caps are next buddy Come to the dark side So guys it's line to line and here's the second part of the equation when james found out That this was a broken chart. I'm sorry. Let me actually pull up the chart. I'm talking about When he so he's putting on feelers and paying himself immediately Until he sees the turn and then he gets more confident and then he adds size under You know a certain level of VWAP point and he's following what's called trend down at VWAP. We do two I'm sorry. M. I see we do two things. We play line to line and we follow trend That's m. I see process in a nutshell, man Follow trend Oh, shit, james. I can't believe you long that dude. Congratulations, man. You're crazy. You're fucking crazy James you may be the only trader. I know man. It uses the three Points of VWAP. I don't know many traders who do that man. You use the three points combined with just a general VWAP. That's interesting He doesn't do it. He just puts it on his chart to make it look cool James is just too lazy. He's like dude. I just honestly couldn't figure out how to take it off That is probably very true So what do you think joe? How do you want to answer what the m. I see processes, man? I mean, there's a million more things I can say but to keep it unbelievably simple is Bro get a base hit Don't be stupid. Don't fight trend. Take that base hit and rinse repeat rinse repeat every single day line to line like How much more simple can it get right? Absolutely and I never knew in the beginning, you know two years ago When I was learning vows process I didn't know Really what he always when he said, you know, just I just go line to line Line to line and I'm like, well if it just keeps ripping your fucking dick off and going line to line What do you do? and and so your explanation of Of uh, what was that last stock s i o you were something like that? s something uh s i o x so let's take a look at that That's the one that had the really yeah, there you go your first Your first trade is on the first line right like Like tosh says like bow says like everybody says here is line to line. So You start at the first line you base your trade off of that first line not the second line And if you trade that first line, don't let it be fomo don't let just Oh, I mean I got to get in because it's touching this line, but really I would like this other line Well, then don't get in at this line wait for the next line And I've found that if if for example, you you continue to trade and you keep getting stopped out on these first lines That you always draw then stop trading that first line and just wait for the second one And then everybody's gonna be like well, you know when it you know I miss seven trades and then I only get three Yeah, but of those three how many did you win? Well, I want two out of those three That's pretty decent odds in my opinion and And so that helps you improve drawing your lines and picking times when maybe you take take a first line trade Or maybe you only wait for a second line trade for me If I'm going to wait for a second line type of trade It's based on how much volume is trading during pre-market like if there's a crapload of volume And we're trading like 50 50 vwap like me and tosh talk about oh my god There's probably been 14 webinars where we've talked about this little Do what yeah probably more yeah But it it's all about how much volume is occurring in pre-market How much how where it's trading relative to vwap and of course Has the float rotated during vwap or during pre-market during vwap All of those things matter Because that is you know, let's say the float's rotated It's a smaller float. Let's say like three million the float's rotated Already during pre-market, but it's kind of under vwap. It's kind of 50 50 But I've got two lines I've got one line here in one line and then I get an outer line I'm only going to wait for that outer line because of the float rotation I'm going to choose the lower odds line and say nope Delete. I'm not even going to pay attention to this line. I'm going to wait for an outer line And only trade that level Yep I love it I love it and here's the thing guys outer like line to line and fantasy orders and to that line doesn't necessarily mean You hit it on the way up like I said what me and james do sometimes if you are a little bit uncomfortable on the way Up because you think it's just too strong. Just wait for the top like just wait for the turn and then hit it And then you have to find a risk It am I so don't let it reject seven cents and then whack it, you know, that's not Yeah, it's not like We're not talking about this little That doesn't work. We're not talking about like And it's like pink and then it rejects seven cents. You're like slam it and then you hit the bottom of that Yeah, the last thing you want to do is throw some bullets after like a bb pellet Oh, that's funny Well, you know, it's true because some people are gonna go do that. They're gonna be like it rejected three cents I whacked it and then I got stopped out Yep, they're gonna be like dude it rejected three cent now sometimes that will be all it needs But dude just just let it let it reject hard man. Let it reject There's always a pop man. There's always a pop Yep Guys ask your questions. Me and Joe are here to help you man. Seriously Yes, some questions would you scale into that 478 pre-market high me personally if um Had it not opened so low relative to vwap um Yes Like if it opened 50 50 vwap, I would have I mean that four third that 425 area that would have been like a Like a small starter for me. Like if we were opening at vwap, I would have waited for there Um, and my ultimate risk absolutely would have been pre-market highs Joe just because I was saying this earlier. I totally agree with you bro say That this was like say like this is there like there like it's opening at four, you know like whole dollar Like stock's opening right here and say it gets up to this level bro I want it to get here and then reject because I can start hitting here Yep. Yep See perfect. Yep. So so I wouldn't be scaling this because because I don't like scaling wicks Look at how much level there is of just wick. I don't like stealing that. I don't I don't man I want it to reject and then I'll put in down there And then we can add even better is if it rejects because vwap is going to chase it higher, right? You know vwap is going to go up As the price goes up at the open And so a worst-case scenario you let it hit pre-market highs And then if it my favorite is when it hits pre-market highs and it goes like three cents over it And then it just slams and I'm like, oh, yeah, every long just got trapped. Why we go like that? Oh, yeah, it's like Bro, that is that is the holy grail to get in on the next pop and usually the next pop is very small Oh, yeah, it's like That's my favorite. Like if you were to wait for this trade only That's you know, that's that's fine But in these markets like now like right now the lungs market is kind of drying up a little bit Um shorts have been, you know having decent days over the last couple weeks They've been getting bailed out of everything bro Yeah, absolutely. And longs, you know that it's kind of rotated Shorts have longer markets Then longs doing small caps just it's for y'all's reference. I completely agree I've talked about this with austin me and tosh has talked about it several times But you got to know what market cycle that you're in and always know That a long market cycle like a long side market cycle in small caps is always short-lived They're short. It's so powerful Yes In it but trend will overcome those little cycles And then shorts gain control again. And so you just have to kind of know where you're at within that cycle and That's what that's what austin's webinars are great for like if you're not attending those every thursday, you're just You're an imbecile. I'm just gonna say you're an imbecile Because he gives market sentiment right there and the guy is Very good at reading market sentiment very good at it So fifth like amd a emd What is that don't know what that means, you know Yeah, I saw yeah, they are short-lived But I mean if you don't adapt fast you will get murdered bro. Here's the thing Here's the thing we can we can even say it like this joe They're short-lived dude But they're so they're powerful enough that in that short time frame your career could be over if you have no risk management Oh, absolutely You're gonna be living life like ted newgent hard and fast And then you get hard and fast What does that say Sith like a what what is this a star wars reference if like amd sif lord? Yeah I'm so confused bro. Yeah, I don't know what that is You know what the hell you mean On a emd. Let's talk about a emd really fast because I think this can trip up a lot of people because We don't normally trade pre-market on the short side and didn't that stuff during pre-market Dude right during it and guys I've given webinars on this. What do you? My favorite death candle one of my top three favorite death candles in the world, dude Is the candle right before the open? It's an assurity That you will get a leg down after this. It's an assurity Every single long from here into here with almost a hundred percent assurity, dude Are so underwater that by the time the market opens where most of the world can now trade Oh my god, dude the selling pressure is immediate Yep, and even if you miss that candle Let's say you don't like that candle, you know, let's say that that candle like stops really hard But it doesn't have enough volume because when you look at it from now It looks like it's not a lot of volume, but when you look at it during pre-market and only pre-market volume It's the second highest volume candle So it's a relative look at relative to exactly. Yeah Now at the open let's say you are like you're waiting for the pop What other setup do you guys see here? What other setup is staring you right in the face at? What is that 260 line? What's staring you right in the face at the 260 line? Here, I'll just draw it for you guys. Hold on one sec Just so you guys can get a visual representation It's a death line. Absolutely. It's a death line. There you go It's a death line and so if you miss that pop over there You still have an opportunity to make money You still have an opportunity To make money on this trade There's no reason to have FOMO or anything like that. Oh damn it. I didn't get the top. Oh crap Just wait for that move man What like a year ago? Alex grew that e-trade account where he was like just shorting death lines And he did like a hundred grand in like two or three months something like that And basically when the death line happened he was just slamming it yep I remember and Because everybody is due death line is my absolute favorite setup for small caps because it's dummy proof It's you don't have to be an expert at tape reading You don't have to be an expert at stopping out and re-entering You don't have to be an expert at anything but really drawing a line And being patient and having discipline all you have to do is just sit here and wait for that setup And that's it and this chart right here having that one singular dip during pre-market That's what you want to see. So if you're somebody where you're like, well, I don't want to locate it Before I know it's a death line. Well, you know, welcome to the fucking business. That's how what you're gonna have to do but If you only looked for this setup If I had a small account and I was trading small caps At trade zero or something like that I would look for this setup on a emd not not at not anything just pre-market I would just be looking at this during pre-market. You see kind of how that just is that big u shape And there's that one Form support. That's it. Like if the chart looks like that locate the shares and wait for the death line If it never comes fuck it. It never comes Just wait the the thing that I want to point out here and let me make sure I draw it is I'll point out visually and then I'm going to quiz you. What do you see for a perfect death line setup? What do you see on here? There's like, okay, do this really quick for me come down meet. Yeah, look at this Look at this. So leave that. Oh Leave that circle and now draw a circle from the yellow line to vwap. Oh, okay, yellow line Up to vwap. You know what I'm talking about. Yep. You know what I'm saying one second I mean, look at that I mean, it's a fucking snowman with a big fat ass I mean I mean like it like Baby got back. Look at this thing. There you go Look at the snowman bro. Look for the snowman The snowman is definitely signature, bro This is not a dick. Look at the snowman. It's just his foot Now it's looking like a penguin, but okay Bro, who's the man? Who's the freaking artist, bro? With look at you Like a Picasso over here. Let me tell you something. This is the death line, baby This is the Christmas death line jingle bell pattern My son's sitting here looking at this and he's like, it's a snowman He's like, see that? I totally get it Anyway, so I mean this This chart on a emd is This is exactly what I would be looking for if I was a short seller in small caps I didn't have a big account or I didn't have a lot of experience. This would be what I would be waiting for Oh, just looking for that pre-market setup And as soon as I see that setup and pre-market, I'm going to locate the shares and you're probably going to see it About 30 minutes before the open But you need to be there for the entire time. Okay Because sometimes Sometimes oh shit. Well, I just burnt the living crap out of this mac and cheese. Whoops Oh, buddy, you didn't see your son, dude. I was like, whoa No, so um If you just I didn't burn it. It was just heated. It was just warming for a very long time Um So if you just if you locate early like this is what james was really good at and he would always Always beat me on the locates. He would always get it, you know, five minutes before I did And and he would get it for five or six cents cheaper And I'm like, ah you son of a bitch Yeah, what are you doing giving chat foot rubs over at cobra? What the hell are you doing? I'm like, how do I get that hookup? Bro for real. I'm like, yeah, dang I need I need the james hookup. Give me that james relander hookup He's just got this innate ability for getting the locates at the right time. So By the way guys, we have Literally no special hookups being mentors like I dude, I'll just I'm gonna say this bluntly as I can Bow Alex myself joe james, dude I don't care if you think we do we have no Special perks outside of what you guys get offered. We do not accept secret shares or any of that bullshit Like our competitors do because I could say some shit I I can't but I could maybe give me drunk one day to meet up or something even though I don't drink but Um, let me tell you getting drunk on green tea getting drunk on freaking green tea There are many there are many people That flub the locate services out there. We do not fuck around with that at cobra, bro Alex bow and myself have the same actions that you guys do at the same time frame We do not get special benefits that has reiterated this time and time again And we like to make an example of what should be done with integrity in this industry And like I said, I could tell you who gets special treatment I could tell you and they're not at cobra They're with others and that's why we don't rep those brokers because they do shit shading But I'm not going to get in beautiful. Absolutely. So do you ever not chase a setup like this? Well yeti if there's no death line then Yeah, there's your answer. I would not chase a setup like this if there's not a death line like let's say like It's like it's like higher low higher low higher low All in pre-market. It's like a shitload of higher lows And in those cases, you know, I wouldn't I wouldn't do it like let's say like can you see Like let's say like pre-market looked like this Let me also draw that 260 line again. Yeah, let's say that um Let's say it was like That was your pre-market chart. Okay, like you've got it all the way down here and then at the market open It stuffs like this So I'm like, okay. That's the death line, but like that's way far down there Like that's so far down there And then I'm going to be sitting here waiting and waiting and waiting and waiting and waiting and waiting and waiting and then You know finally at 3 p.m. It's like And then fades four cents And so it's just not worth your time. So this is what I'm talking about with this um Oops, why did I? I didn't mean to save that to my photos, but I did Like this is I mean this is this setup right here That would be what I would be looking for is this one single support That one single support during pre-market and I'm just I'm just waiting Like a sniper in the in the in the in the grass. I'm just sitting there waiting I'm just waiting for that deer to poke its head out of the timber and I'm just like Boom done with the bb gun the pelican dead bambi right there dead bambi damn you are a texan Oh my god, joe's got bambi on the brisket cooker I actually have a chicken. Oh shit. I forgot to check It's fucking like a Oh, okay, we still got some time You are crazy man. You're crazy, bro Well, so we meal prep like we meal prep for the week because it's a lot easier for me to just like warm up a Like a meal for the kids or something dude. If you can my kids for sure my kids love barbecue So that's easy for me And so what we do is we'll just smoke like ribs or chicken or you know We'll smoke one or two things on the weekend and then during the week we eat it And sometimes it's not smoked something sometimes. It's you know, like a casserole or some shit like that Or some kind of big dish, but you know, it's it's that's what we do is we don't you know, we don't like I don't health healthily meal prep I uh, I just meal prep Like I eat food based on taste Absolutely Absolutely and generally the better it tastes the sooner you're gonna die And sooner Joe's gonna eat it Bro that i'm for real. I'm like Dude, yeah, james like james 100 percent me and alex and james have all three agreed on this Life's too short eat a fucking steak Dude and not just that let me let me let me make something very clear man Because I've studied health my whole life like to the point of like obsession, right? Let me tell you right Stress will kill you faster than any food in existence, dude. Live bro preach preach live your life, dude Why do you think we don't swing huge p&l stress will kill you faster than you can even enjoy the money Absolutely, bro live your life the way you want to live it. Just don't harm people So Yeah for real So let's look at this is a really good example of of for people that are wondering, you know Do large caps obey the same type of lines that small caps do? Let's look at Let's look at jd today. Wait, Joe. What was the question? I'm sorry man. I'm a visual learner. I didn't even hear shit at that what so Earlier that guy that asked, you know, what's the m-i-c process and you're like, well, let's look at it from like a large cap standpoint Oh, yeah. Yeah. Yeah, let's do that. Okay, so Do you want pivots on your joke because I can put them on Do what? Yeah, I put pivots on there that way that you can see it. Yeah, it's very you need them really Uh, it helps clear things up in big caps now zoom out to a like a like a one-year daily chart Let's go to the one year Yep, and now if you just look at, you know, your levels and you draw your lines just draw a line at 80 And guys i'm just doing basic technical analysis. I'm not gonna take off the pivots for the daily chart I'll take off the bullet. Yeah. Yeah. Yeah, you don't have to you don't have to mess with that There you go And just dump on a line there 80 and then um That's you know, that's fine. That's good. So All i'm looking at is i'm seeing that 80 is a potential level. How did I find jd? Why did I find jd? Well, for those of you that have not been paying attention to large caps It's fine. It's cool, but um by do b i d u Had like blowout news yesterday and it screamed Screamed higher and higher and higher and higher and higher So jd is almost always In sympathy to buy do So it's just kind of knowing these characteristics. So jd. I was like, all right. Let me find let me find some support here Well, I got an 80 line I see an 80 line now. Let me jump on the intraday. So go to the intraday now Let's take a look once you get your lines on the daily, man Then you got to rush into intraday and be like, where do I need to get in? What do I like? So I dude i'm looking at this and i'm going okay I'm going line to line now for everyone to reference here What is another line that you see here? Whole or half dollar and yesterday And the day before is a very clear indication of this line. I just want to see what everybody's answers are What's another line here that's whole or half dollar? I know tosh already sees it, but I'm sorry. I'll put on pivots on the intraday because this is where you want pivots So now that we have the intraday pivots Remember that 80 line though. Remember that support on the daily. Remember this. I'll make it like pretty big Yep All right. So 80 50 no not not Not 81 you guys are going higher. Why are you looking higher look lower? We're long biased here. We're long biased here lower bingo tony got it bingo got it 79 79 line what is also at or near 79? What's near 79? Do you see that pivot point right near 79 that green line? pivots Hala So now you know you have two lines to scale. Okay, you go line to line The first attempt is going to be 80 and you're probably going to be looking at the midpoint or the purple line Okay, you're going to be looking at that purple line You're going to be starting at 80 with the mentality that you could scale it down to there And if it loses that level you got to cut it and then wait for 79 Okay, first one you lose second one you wait for it. Okay, cool. Now it doesn't work Off of you know like it doesn't work if you were going to wait for those lower levels So you got to take the you got to take the chance and trust your lines Worst case scenario is you stop out and you get a much better entry on the long side anyway So Bro the best is when he returns the couch and he's like My couch is cut in half and she's like, well, I'll give you store credit of five dollars. He's like I have such a like a visual memory man that I just remember all that stuff, dude So this is like this is like of my favorite setup To just trade lines and there's nothing really particular about it But it's you know when it jams all the way to 81 at the open like zoom in on the open And look what happens, you know it jams to 81 right out of the gate And so right out of the gate, you're like damn miss the move. It's not going to dip to my line It was a pivot lock So what do you do most people are going to chase it and they're going to get stopped out And so this is a great example of dude. It's just it's either your lines Or no trade. It's your line or no trade line or no trade. That's it. There's no in between There is no in between The thing I love about this joe is what a perfect example So let me let me kind of like like let's run through it again man seriously So let's go back to the daily chart And for what it's worth I am long from 80 Look at how simple joe just made his thought process for this He found a consolidation zone and linked it up with a whole and half dollar mark that has been bounced off bounced off bounced off bounced off bounced off And now it's dipping towards for a long time and when you have a stock That is either really high and finally hitting resistance. It's a lot. It's winded. It's tired This is almost so oversold that when it gets to a consolidation point or a support on the daily It has a good chance of bouncing off because it's already been down for a week, right? This is a huge boring man So when we come into the again, it's just a quick review When we come into the intraday man, and this is where you add things like like pivots Let me do it again. I know I'm hopefully I'm not confusing you guys is a lot But when you come in with pivots Joe is like dude. Oops. Sorry. I went out a little too much one sec I went out just to add too much when you have this area this major consolidation point and it's really 80 You know, you're going to give yourself two dollars of risk man because what's the upside potential? So you are going and I'll draw it out. I'm going to make this as clear as possible When you have the line 80 if you can get that it is along anywhere from 80 to 79 because now You are scaling two to three pivot points and two whole dollar numbers Exactly where that consolidation area is on the daily dude plus plus You add and you just bottom He quit to cut the ones that go lower Bro, like be quick to cut the ones that don't hold your line And if it reclaims your line jump right back in and if you're under PDT and you can't do that Then you're going to have to decrease your size and widen your stops to give your lines room to work And if you have look here's the thing this is the thing about outer lines or pass it m.i.c If you did wait for the 79 resistant or the support guys You are going to miss the day trade today and this is why we say there are ways to there's so many different ways to trade There you can go really big size And Thanks, man. Thanks, Tony You can go really big size or your normal size whatever full size whatever that is for you and cut with tight risk Or you can size down and weather this big of a move and give yourself better odds of success Because yeah, this is the level from here to here. Joe's not wrong dude Look at where it bounced off for the last two days. This is the floor So within this area is technically the scale zone So you can like I said man say 5 000 shares is your maximum size So you get 5 000 right here, but you got to cut it due to if it's going to like 79 69 Oh, dude. Yeah in the moment it goes below 80. I mean 10 cents below 80. You got to cut 5 k shares I mean that's 500 bucks like Exactly But you know if you're right Super fast and it's you know, you're going to be right for a lot of money very quickly But if your lines are correct then And this is just my own personal rule is I just base it kind of on the stock price. So like Like a small cap, you know, if the line breaks by 20 cents That's like a true break to me On a big cap going back going back. Joe going back one sec going back 335 to 289 that's a big break in small caps. Yeah, that's a freaking break And even if you're like a long like a 20 cent stuff under v-wap, you know that that's a break That's a really like that's a break. There's no discretion to it That's a break like if you're long at v-wap and you're now down 20 cents on a thousand shares and you were just up 60 cents. I mean your asshole is so tight. You can make diamonds out of coal I I'm like it so you've got to realize that It's all relative. Okay, but It translates all into the same markets all in sorry not same markets different markets So if your risk on a level is 20 cents in small caps on a $3 stock $4 stock in a big cap That's you know, 80 to 90 to 50 or something like that Then you increase it and you say, okay, if it breaks by 50 cents 60 cents a dollar Now it's a real break. Okay. Now I'm gonna go from there And I mean at 80. Where does it dip to like 79 90? I mean not that much And so that's not a break. That's just Volatility is gonna wick it down below the line a little bit, which is fine. Just gives you a better opportunity to get a better fill Guys, this is the beauty. This is line of line. This is m. I see. Yeah, it's just all we're doing The whole point to this was just I'm just going line to line. I'm just going. Okay. 80 line. All right. Let's give it a go Here we go 80 Did it work? Okay. No, it didn't work. Okay. Next line 79. Okay 79 line. Did it work? No, it didn't. All right. Okay. Fuck it I'm done Dude, this webinar is so good. I almost like I have to delete the recording dude. I'm like This is the only song Damn it dude new members should also see a n cn was up 200% yesterday died gap down No one cared about it today. They had 70 cent range low hanging fruit A n cn. I just didn't like today. I don't like stuff. Oh man I know I I I like it when it gets up to this this purple line man. This is the pivot line I wanted I don't like this little pop shit You can make money. What did tom say on his watch list tom loves these little hangers like this stuff lives for these man Let's see what he said. Yeah, what did he he posted one this morning and I saw alex mentioned it It's above mine and his did maybe a little higher Oh, there's one for b wells A n cn not even on his list. Yeah, because it just it just What was b wells? What did b wells say? What did b one b wells looks at that stuff sometimes No b cn. I think wow a n cn wasn't even on anybody's watch Interesting definitely wasn't on mine man. When you have something this beaten down, dude Here's the thing here's the you guys want a trick dude. This is this is how you know you've been trading for so long Here's a trick for you guys Dude, this is a really good trick. It's actually a lazy ass trick So Joe you're gonna get a kick on this dude. You know why I don't have these on my watch list The most beaten down ones Because I don't want it unless it gets to like a 380 line right which is extremely big The only way it's going to get to a 380 line is if a pumper gets involved So I will know by chat commentary if this is moving based on oh, yeah So dude, I don't even know from my screens to save screen real estate I will just look at it because I know if a pumper gets in this thing alert. It's finally at my lines Yep That's how you know you've been trading too long Yep, well, it's On something like this, you know, you do we've just been burned one too many times When you're like, all right, let me hit this and it you know, and then it rips your face off because you started way too soon Or something like that So I mean it I can totally understand why tosh doesn't want to hit something like this me personally I would have been waiting for that same 360 380 line, but like that would have been I'd have been like, all right 360 or 380. Let's go. Well guys, maybe Yeah, joe, where's where's the where's the most of the where's most of the volume stop right here? Yeah, yep Yep Dude, so so so again guys like I don't want to focus on A and cn now I would have focused the hell on a Today if it if it closed at 370 But because it was yeah down I was like, all right Some will alert a pumper and if a pumper is involved then it'll finally be at my level because I don't want to miss this dude Dude, what I want what I want to do is like I Had I just haven't done it yet and I could do it and I might do it for everybody Is um on the like the pivot points Go inside the code and add alerts that way that if price touches a pivot point on this then you get an alert on your thinkorswim And so what you would do is you would have like these low hangers like off to the side And if it touches the midpoint or r1 It gives you an alert that way that you know You can go look at it if it does that and that way that you don't get a way You don't pay so close attention to these things that don't move I do nailed it joe nailed it Because that's what I do with like other stuff But I just do like manual alerts like I just put like a manual alert where it's just like Okay, if it goes above 340, tell me okay. It's above 340. All right time to find some shares Or other you know, it's just it's just so beaten down that it's just might Just might not be worth it. So Dude, I dig it Because you want you want bigger price moves, you know, I don't want to just like if I'm under pdt I want to I don't want to go find like 10 or 20 cents and then like that's all I get for the day Like I want better opportunities So I'm going to be looking for those things that can pay me 30 50 60 75 a dollar You know that that's what I want to look for if I were under pdt Dude, absolutely, man. When you're under pdt, man, you got to be really selected man. You got to hit what you are Really really sure about or what you're at least for the most part man when you're still fun You're again what you're really comfortable with man. That it's yeah It's down to comfort level first When you're finding and if I was under pdt bro and wanted to short sell like this a emd chart Holy shit batman. I mean this couldn't get more perfect It's gonna get more perfect that that singular support and pre-market print this freaking chart paste it on your Face tattoo it on your ass. I mean, whatever you do to remember this chart This is how it should look And if you want to short sell under pdt, this is this is what you need to wait for this is your tramp stand, man You put the yeah, that's it That is it That is it What do you think joe should we wrap it up man? I think we've given enough free stuff away and you got to get to Yeah, I think we're good. I think we're good anybody else last questions anything joe's got some texas beer chicken cooking man or something No, man, there's this barbecue place here in here in dallas that There's smoked chicken funny enough this barbecue place is known for their smoked chicken Not even the like the b for anything like that. It's smoked chicken that they're known for And I I swear It is the best freaking smoked chicken. I've ever had in my life, dude and It's so delicious Um, and it's a place called if I mean if anybody here in dallas. It's a place called slow bone And it's the smoked chicken is amazing and so what I'm what I'm doing is I'm trying to I'm trying to emulate They're the rub That they do it's like it's a really good rub And I'm trying to Slow bones and rugs man. Are we talking about food? Oh, yeah, baby food that you want to rub all over your body Oh man, I thought you were talking about like a like a massage parlor or something bro slow bone and a nice rub I I was like But I mean, it's you know, it you know, you rub the You know, you rub it all on the breast, you know Yeah, I could we could go into this but this is something I understand Yeah, no toss should be proud of me. I actually planted my own garden in my backyard bro. Get out. Come on Yeah, I don't know why I haven't sent you a picture. I I sent alex all the pictures of it and I was like, look at this Shit, I don't know why I didn't send it to you the first first I should have fucking thought of I usually just I usually just send that stuff to uh to alex because I'm like, hey look at the vegetables and he's like He just he just he just messages you a bunch of crunch botonis It's so gross And uh, but no, I don't know. I didn't send it dude. I built a portable garden So like I put it on my back pound I put it on my back deck when it's nice and sunny, you know now that it's kind of freezing I have to bring it inside but like I put it outside every day and I bring it inside every night and It's a portable garden. It's got you know lettuce cilantro some herbs in there and uh some other stuff and and then I did tomato plants and all kinds of stuff But you know, it's been like this uh Yeah, it's pretty cool. It's pretty cool Oh, that's awesome. You would be proud. You would be proud. I am but dude. I had this. I am proud Yes, I had this um This these so like we we put down a bunch of grass in our front yard And so the I had one of these pallets left over those wooden pallets and Um, I was like, what the fuck am I gonna do with this? And so I just pulled all the boards apart and I made a big box out of it and and uh And then I I put it I put uh potting mix topsoil A bunch of compost stuff in there and mixed it all together. Oh, I've got elephant garlic growing right now and green onions Um, and then I got a red onion that I forgot to cook and it just kind of sprouted in my cabinet and uh And so I just planted that yeah Wait, so joe if we say farmer just bought xyz are we talking about you now? Are we talking about the pump bro? Yeah, I'm gonna be like, yeah, I need some of this in my dish. Yeah, just go out in the garden pick it Get out in garden get out in the garden and pick it This has been too much fun, man. I keep being alex. We're like we were like forget the garden, bro We want to we want a cow like I want one cow. That's all I want I told I told alex man if he brings a cow and it was new jersey home. He's truly sick in the head I warned him like bro, if you bring livestock in your in your freaking and and then butcher it one day You are sick in the head bro, bro. I told him. I was like, I'll buy a ranch with you. Let's go I was like, I'll buy ranch with you and we'll you know, we'll get some cattle out there and we'll get them going We'll get some livestock going and and you know, that's it You guys are sick, man. You guys are sick I'm telling you James will be the ranch hand there too, man. Y'all steak lovers Bro, see I'm like Bro, I'm like bow. I'm a seafood connoisseur, man. Like if I go to like a steakhouse, bro I want the seafood tower Bro, I love seafood too. Don't get me wrong I love seafood just I do anything Like any kind of meats. I'm pretty much in Bro, I just eat food. God is good and food is better Absolutely what did you also plant any weed? No, I did not That's not legal here yet I wonder if you can't do that dude. I'm so straight edge. I don't smoke. I don't drink man I just freaking meditate and freaking trade stocks Dude, I haven't I haven't smoked in a oh god Dude, that'd be Joe and Alex. What are you talking about? I ain't getting on no ranch. Not with Joe That's a low hot trader's theme song every single time he does the webinar trades in the morning He will eat that gemstone on us recently Oh snap All right, dude, it's the next meetup What's that we all just gonna go get are we all just gonna get covid vaccines together and then go to a meetup or something What is this you couldn't pay me to get a vaccine man? I don't trust that stuff man Bro, I wouldn't take a vaccine for a hundred grand It's too it was it was pushed through too fast, you know Well, I will live in my house the next 10 years if I have to to avoid human I ain't taking no fucking vaccine, bro Yeah There are so many conspiracy theories on what's in those things man and control and all that stuff I would give you two heads five years from now Well, let me tell you that that was I have my own personal reasons and I asked a question on the large cap channel earlier today I was like, you know, what is what is everybody else's reasoning? What's the reasoning behind not Not having not taking the vaccine and I was like, I'm not trying to start a political debate or anything like that It's just general question And because my own personal thing is you know, I'm not going to take a vaccine on the first run You know, that's never been that hasn't been tested We still don't know that much. Yeah, there's not enough there's not enough data, but my god, we're about to collect enough data That's for sure. I mean we're doing a worldwide fucking clinical trial right now Bro, let me tell you something like everything else. I don't judge people I let people live the way they want man. I really do I will just voice my opinion on what I'm comfortable with. That's the only thing I will not take a vaccine if you pay me if if if it's totally legit and people like in stuff, bro That's that's on you. That's up to you. Do what you gotta do And bro, you need but you need people to take it in order to know the real efficacy ratings. So it's like, uh It's you know, it's It's up to you and your own personal choices And that's why I'm like, I don't think people should be judged for taking the vaccine Because if they're willing to take that risk Oh Go for it. Absolutely. Go for it. It's like it's like politics and everything It's like dude, literally do you man? Like I don't mind. It's just I mean, I do me Yeah, that's why I'm like, I'm just not I I'm not I'm not gonna go do that. I because there's just too much risk involved and That's my own personal. Oh my god. I know was that loud? Did I try to turn it down if that helped at all? Shit man. I was like, I was like shit that bell is coming, dude It deafens me every day There's no way to turn it down. I'm sorry guys. No, you're good, bro Now you're gonna take a ear vaccine Yeah, I need an ear vaccine. All right guys, I'm gonna do one of those candles. This has been Exactly, dude, this has been fun as hell. Remember living integrity. Don't judge your fellow man Just do right by you man. And just don't compare yourself to others, man That's the that's the one thing I tried to impart wisdom today is just just be the best version of you, man We will see you next week. Joe. Love you, bro. Catch you next week, man And these webinars are more fun and dude, we have so much fun doing these man. I can't wait till next week Later, bro later guys. See you