 We've been very blessed and very lucky with crazy, we've been very blessed with crazy volatility, crazy volume in the markets, you know it won't last forever. So I call it feast or famine when you trade. When things are well you're feasting and then during the summer when it's slow or whatever the period may be it's famine and as a trader or as a human being working at a job, feast or famine means this during times of bountiful harvest right you should save some of that money save some of the food that you harvested because you know what man not every day you're going to be eating steaks and lobster and wagyu. Some days are just crackers, some days you don't even eat so as a day trader you know you basically have to kill it's like I call it I compare it like a caveman days right caveman days there's no Costco where you can come in and start buying meat and beef and all that you basically have to go hunt for your food you have to hunt and so days that you don't kill anything or harvest any vegetables you're going to starve so you need to start saving up and so that's exactly what it is so right now during the quarantine we're very blessed as a trader you have such awesome volume and now reality may have hit and unless we get a second wave of corona or something like that it may slow down so that's when you start to learn and this is a perfect time guys so there's actually there's always a perfect time to learn when things are good you learn so that you can profit when things are slow you learn so that when things get good again you can profit so you know it's it's kind of bad and good that the markets is slow it's good because dude we're tired man sometimes we need a break we've been running like like a thousand miles per hour every day right so you sometimes you just need to break and you need to you know relax and then it's bad because you know what dude I want that craziness I want to be able to wake up and you know bank bank bank whatever the hell it is right but when things are crazy you also lose people always think like all my friends like oh you always making money you always making money I'm like dude you know I do not make money every fucking day I get my ass beat all the time right and so I just but they don't see me affected by that because that's not the secret guys the secret is you know what man I post a ton of stuff pre-marketing on my Twitter go check out my Twitter it's basically all about risk management and losing a lot of people the first thing they teach you when you learn to just do or martial arts is how to properly fall you don't start with just punching and kicking and throwing you need to learn how to fall and be able to take a punch like boxing right defense defense so the whole thing about today I woke up today felt the markets kind of slow so wanted to share a bunch of stuff on Twitter about properly taking a loss it's it's okay to take the loss guys it's okay to take a small manageable loss you don't like it people think it's you know you're losing but you're not really losing you it's part of the game part of the game is to fucking take a small manageable loss each and every day I take a small manageable loss at the end of the day hopefully I'm I win more than I lose that's that's bottom line and you create a process around that but I want to talk about mindset today because man I woke up you know I was up a couple thousand bucks you know just messing around what I say messing around I mean just kind of like doing my process but not much size because it because it never got to there was really nothing good to size up on so like SFET if you had chased that thing down it would have went it would have just killed you all these stocks and kind of like and the ones I thought were bounced never bounced kept on going lower and so what do you do do you chase the next time so a lot of people what they do is they you know they have a process and the process doesn't work for one time and they all of a sudden they change their process they're like oh shit I'm not going to wait for the lines anymore because this stock always goes down I should just slam it right at the open shorted bam you know what's gonna happen next time the next time it's gonna go back up you know and so what you need to do is don't don't worry about the one off day worry about you know like the whole strategy itself across multiple days I yeah I place fantasy orders all over and it hits and hits and that's how I trade sometimes but I focus on the main ones today like F fun PhD and I was so pissed man I was all over the offer never hit me once a LT never hit me once but then I got some nice ones I waited around waited around and SFET went up there I posted some charts up there MR SN things like that but the end of the day I still felt like not enough I was like shit man I didn't make enough but you know it's never enough that's the problem this is where the tap comes in and so this is what I want to talk about guys because this is very important because I I've been getting a lot of messages from people kind of like breaking the rules and blowing up they would have 20 days of consecutive green or a nice streak or whatever they be right and then they're like bow I fucked up I I broke the rule one time and I blew up and you know I hear that all the time because that happens to me and that's what I keep trying to tell you guys the hardest hurdle to overcome as a day trader is not making money man you know people can make money it's not losing when you lose it's not to lose your entire account because when you make money you're not holding the entire position to the very top or bottom and making your money you're scaling and scaling out you're taking the average you're basically trading the trend trading the meat taking the meat of the mood but when you lose what happens you hold that fucker you hold that stock forever until you hit max pain until your account goes bankrupt until you hit a max loss you cancel the stop loss you call your broker up to save give me more buying power turn turn the machines back on you whip out another account you play excuses your head like oh I'm gonna get paid Friday it's okay I can lose this I want to make more money and refund my account I'm gonna put back more money in the account so basically what you do is you're you just go crazy it happens it happens to me it happened to me many times you know and after a certain while you feel like shit you're like you know man this is happening all the time and so that's why I keep telling about the tab the tab is sometimes the only way to combat emotional errors because all these are not technical errors these are all emotional personal I'm stupid type of error that only you can help yourself when these guys come to me and ask me how do I stop myself from being greedy what do you want me to say hey you're fucking greedy motherfucker stop doing it right but they won't listen to me so this is why we created the tab and so today I felt myself getting greedy guys so Alex like what the fuck are you doing so I have a very good tab where we're very honest with one another and it's okay to show my tiny my tiny penis size sometimes right like shit I only made a dollar it's okay you don't need to fucking to be swinging every fucking day giant positions and so you have to be honest with your tab and if you're not honest your tab no one's gonna help you and so today he's like boo what the fuck are you doing so you're you're right it's like a few couple thousand dollars more than going to fucking change my life but if I fucking lost it would fucking maybe mentally cripple me for the next day it's called mental capital and trading is a funny thing man you can be trading successfully for a decade but have a couple of bad losses and you're done you're done mentally you doubt yourself and so a lot of professional athletes go through this they forget how to shoot a basketball and they go through a big slump they they strike out baseball so that's why it's sports psychiatry it's such a big business because a lot of these things are mental like golf swing when you doubt your golf swing you start fucking up like Tyre Woods or whoever after his scandal so you have to be mentally prepared mentally tough and so sometimes it's not worth it making more money making more money but at what expense at what risk so just you know what man do what I do just leave the fucking computer and this is why I called this Instagram live so that we can walk and talk about it right because right now everyone's sitting there dude I need to make more money and then you turn on the computer you see some guy making a big p&l he's most opposing the big p&l and then you're like I'm smarter than him and all this stuff that it gets into his big crazy thing and so the first thing you do is master your ego you have to master your ego guys and I talk about this a lot because I am I am the everyday man I'm like just like you guys I'm full of drinking flaws I drink too much I curse too much you know I'm lazy I'm aggressive whatever I'm just an extreme of everything you know and I'm not a perfect guy basically so the other day you don't need to be perfect to make money guys that and that's what you need to see when you look at me you see the good qualities I see the bad qualities you have no idea the guy that's been hung over for three straight days you know the weekend don't know what day the weekend is sometimes but when I show up to work I show up to work but then you know like days like today where it's so slow and I have FOMO because I miss a bunch of trades ALT F fun things like that so I was like it's not it's not me not making money it's just me being arrogant to think that how can I miss this shit and then it's more it's not when he comes out of this guys usually when you blow up and all this it's not about the money it's never about the money it's like what what's a couple thousand dollars to you take the fucking loss and what's a couple hundred dollars to you take a couple of loss it's about the ego it's about fuck I don't want to be wrong I'll look stupid you know I can't be wrong and then next you know you're in too deep and then when you're in too deep you you just wish you just wish you had just fucking walked away you wish you just didn't wake up you wish there was a power outage you know and and your alarm clock didn't go off things like that and so the only way to combat it I'm telling you right now guys is hey get a tap get a tap so I have one one friend he's been trading a long time and he does the same thing I used to do all the time he'd be up a bunch of and then he blew up on a one trade and so now I advise him and he did a great thing man I'm very proud of him he's he had a tab he finally got a tab he finally got a tab but getting a tab doesn't really help if you lie to your tab so what he did was he gave over the account to the tab so the tabs actually look at his count too see see if he's doing stupid shit it's like it's like when you commit so many crimes you are now on parole that's what you have to look at your trading you have to look at your trading like a parole so sometimes your tab is your parole officer that's that's the only way if you really want to make this work guys humble the fuck down get a tab who's now your parole officer give him your account if you have to so we can check on that you know the parole officer say hey you got to check in with me show me your show me proof because I don't trust you anymore you're a criminal you're you are a felon trader you always say you're not gonna fucking break the rule you always say you're not gonna short during the zombie hour but then you do that one time and you blow up how can I help you so the only way to help you is sometimes you have to put yourself in prison trading prison guys okay show proof so I'm very admiring this guy he said he gave over his account to the tab the tab will look at his account to see if he's doing stupid shit sometimes you have to do you have to trust the system you have to trust the war whoever your tab is and if you do not trust your tab I don't know what to say right but if you really want to make this work you have to ask yourself do you really want if you don't really don't want it then there's nothing that I can help you with but if you really want to do this shit you're gonna have to make changes insanity is doing the same thing over and over and expecting different results right guys you have to do something different so I'm very proud of whoever it is I'm not gonna say the names but dude that's fucking awesome and this is gonna help you I never thought I was gonna use hard stops I'm like dude I don't need hard stops I don't want to get stopped out of the top but that started using that I'm starting to stop out better now so even an old dog like me can start doing it and you know how I did it slowly over time guys one trait at a time habits are hard to break but you have to start somewhere you know I told my friend the other day he's like you know it's like if if you're if your wife if you supposed to go home at 10 p.m. every day and then your wife don't checks up on you you're not gonna go home at 10 p.m. your wife knowing that your wife's gonna check up with you makes you go home and if you don't want to go home don't get a wife or just you know I'm saying it's how badly do you want it because if you really want it badly you're gonna have to change yourself and no one's gonna be able to change yourself and some of yourself right so and that's what a community is man what I mean am I see people are looking at me it bouts making a fucking trade and breaking the rule that and adding a loser and revenge trading and blowing up his account how does that look so there's a lot of a lot of reasons that make you be a good citizen a lot of these people the only reason they don't steal or kill someone because they're scared to go to jail imagine there's no law so sometimes you need that law because you cannot trust yourself and so that's why I went to the walk make this a routine guys go work out go work out your tab talk to your tab and I guarantee you it will help your trading because all the successful new traders that are in MIC have very solid bonds with their tab all the successful ones Fay and Vic their tab they talk they joke around you have to be that environment and that's why I'm very honest with the guys at MIC they see me type that I show them my flaws because that's the way it is in essence MIC is my tap the entire MIC is looking at me there in my tab and knock on wood I've been very much better you know no one's perfect yeah I'm still gonna do stupid stuff but it's not as bad as before so that's what you know that's what you gotta do that's why I'm walking with you guys so that's the first step guys first step is to control your emotions for some it's easy for others it's the hardest thing in the world and for for some the strategies are easy it's easy to make money it's so easy to make money for me knock on wood I'm gonna put it but it's hard for me to control my emotions when I'm bored I make money pretty much knock on wood every day then I bleed because I'm bored I'm sitting there bored and that's how I lose I don't lose because of technical reasons I lose because I'm bored whereas other people they're struggling with the strategies with a technical but they are very disciplined individuals so people are different so sometimes you maybe get into a tab situation with someone that's like the uh kind of the opposite of you so when you match tabs guys so this is how relationships for me kind of work it's like I don't want to be with myself I want to be with someone that's complimentary to myself it's like a jigsaw puzzle right the same pieces don't fit so you have to find pieces that fit so it's not exactly opposites it's complimentary and so find a tab that's very disciplined like Alex is so fucking disciplined he is so fucking disciplined so that helps me out and so you know the the easiest thing we can teach seriously is the strategies which we have already so I don't want to talk about that too much but today it's going to be a good day because it's Tosh's new new member webinar at 2 p.m guys Tosh has a new member webinar it's open to the completely public so all you guys are watching right now this is your tree we're gonna we're gonna peek inside and then we're gonna talk about this new accelerator uh course jumpstart accelerate we're gonna talk more in detail about that it's actually launched now we I didn't we didn't post the the link yet we we're probably gonna post the link during the webinar so let's do that let's post the link during the webinar what do you think Alex we'll post a link during the webinar so we'll talk about post the link and then maybe give out some surprises but um and I want to touch up on that one one time I don't really want to talk about patrols and shit much but you know there I got a couple it's weird man I got I got guys like that joined a year ago screaming at me there's a monthly member like why are you fucking doing this you are a scammer I'm like you joined for a month one year ago you're upset you know we can't help everybody so one thing I've been better at is real because I my flaw is trying to please everybody and that's what happened a long time ago I probably please everybody and I ended up not pleasing anybody and so so the end of the day is this guys the only topic I want to touch upon that is if you don't like us don't join don't don't don't you know hating on someone else this was my mistake back then too sometimes I I'd be very arrogant prick and think I'm the best and that was my flaw and everybody learns and changes in life right you know and sometimes you have to let people change and I've changed you know I think I've done things better you know not everybody's perfect so you know I've been much better about you know not being an arrogant prick you know there I said it right but you know at the end of the day you know yourself guys you know if you are doing the good thing or not and so be honest with yourself when it comes to trading the moment that you are honest with yourself your trading becomes so much better I'm telling this right now you know the moment I realized sometimes I am an arrogant prick and so now like holy shit I'm going to start using hard stops you know it's just stupid stuff like that so you have to be very into knowing the negative side of yourself and knowing the positive side of yourself some people are too negative upon themselves and so when you're too negative you always scared that you're never going to become successful or when you're too arrogant thinking I'm the best you'll never become successful like that so somewhere in the balance right so know what you're good at when you're bad at and that's where the tab comes in I'm telling you the tab program is a great way to make friends that you would never normally make when we started MIC we talked about MIC being the country club for the everyday man how often can you meet a guy that's making millions of dollars a year next to a guy that's a student next to a guy that's over in Asia or South America we mean people around the world mechanics lawyers doctors you name it and so by learning from each other is how we become better and I think I've been I've been much better trader than I was you know I'm money is not everything guys P&L does not mean everything it's how you make the money I keep talking about that you know and so what is really better better does not mean more money sometimes better could mean this and this is what I like before I was blue to the screens 24 hours a day I had overnight positions sure I was making a shitload of money but I was a nervous wreck I did never enjoy life if life if I just died it'll be for nothing I miss so many personal events friends weddings I you know I had a son I missed his fucking birth I was trading when he was born I found a laptop I traded just stupid shit like that miss birthdays because it was on a weekday couldn't take vacations for years because the markets were open so what is better my whole thing with trading was to better my life for my family and my friends and myself you know and now we've learned a system where we can work just an hour a day why the fuck am I still trading a zombie hour right now in bell sure you make less but dude it's not I learned this valuable thing guys it's not how much you make it's how much you make in the little time as possible doing it with as little stress and risk as possible if you're making a shitload of money but you're always stressed out all the time that's not a fucking good life man we don't need much money to live we just need enough money to live like I'm telling you supplement your income two hundred dollars a day hundred dollars a day extra it's life changing you can buy crab legs every day if you like crab legs are 40 bucks a pound wherever they be right you buy two pounds of crab legs every day or one pound of wagyu steak every day that's life changing to me you know if you're if your goal is life changing is again Lamborghini you got some serious issues dude because with the moment you get a Lamborghini you're gonna go oh shit I had the the poor man model at Lamborghini now I need the fucking Aventador you know it'll never happen it will never be happy so I'm gonna leave it like this guys I'm gonna bring someone out after this but you have to equate happiness to the real life and by doing that your trading will become better then you'll be comfortable with like okay I'm up two hundred dollars today I made two bucks in an hour that's fucking good some people make two hundred bucks a day working hard labor you know so be appreciative of what you have and once you and and if you can make a hundred dollars a day consistently you can make a thousand a day but you cannot make a thousand dollars a day if you cannot make a hundred dollars a day consistently so start with the small and level up properly guys let me uh actually Joe you want to get on oh he blocked me I want to bring Joe on no I don't think anybody seems to oh Vic hey why can't bring Vic on I've blocked I want to bring someone I we never brought on someone raise your hand let me see Larissa there you go we have a lot more females in MIC which is awesome I love it waiting for a late Larissa I think she's in the mic I'm not sure because someone's coming up guys you're gonna be confronted with these slow days all the time sometimes you walk we have to wear your two hundred dollars that you make completely fine actually hey I don't think we ever brought Tay on Tay was our very first female moderator oh I think come on maybe she's going to help nope Michael okay I will go live with Michael NYC I think we haven't we haven't talked before so it might be good what's going on guys stop bow you're midtown right that's midtown okay how you doing man dude loving it man loving it you know I'm doing I'm exactly what you're preaching just take some time away you know because it's about process and I've been a part of MIC for what maybe a month and a half and it's it changed my world literally how I just think about trading and then it's all a process about yourself in in terms of mindset and just keeping yourself at key keeping yourself level keeping yourself honed in not going to know just no formal whenever you feel that type of formal you know chill chill out walk away go for a walk you know whatever you need to do but process and time and you know communities is basically what you know I've gotten from this thing and it's it's it's awesome if you know if you haven't tried it you should when you're working out or not working out now I'm just making some guacamole that's your life you're you're home in New York no well uh I came out with my girlfriend and like her kids up to Rimebeck New York little it's like a little up you know it's like an hour away from me we go up to the waterfall so we got an Airbnb uh for a week you know 1868 you know this freaking house is built in early 1800s you know it's just you know just a little getaway so cool no but yeah man um you guys are awesome good as you need to take a break that's what we said right yeah yeah so like today I traded yeah it's awesome uh yeah so like today I I uh you know I I did one trade today just one um I made a hundred and 11 dollars and I said to myself because I was watching you actually right because you're like this is it I'm walking away and I'm like bow is almost like he just does this all the time in his sleep so if he's walking away I you know what am I doing still still plug and click in numbers and stuff so I just walked away I'm up um it's easy stress-free another MIC thing stress-free yeah that pays for like 20 minutes of the Airbnb oh but you don't say that but that you're just you're just getting started that's the beauty you're just getting started yeah man yeah I love it I'm very happy for you dude I'm very glad for you man keep keep it up because you know what I'm gonna get a big props to Michael because when he joined he was like I'm all in he's he's active in the community you're posting stuff you're asking questions you're you're showing up you're helping members and that's that's and I didn't think that you were only in for a month bro I thought you were in for like a six months but because you're so active yeah man and you've done remarkable bro in a month and a half I give you that man I'm gonna give you bad props thanks man it means a lot means a lot coming from you you know you're a freaking god to this you know in this business you know the god is Buddha sorry yeah whatever same thing you know the god of Buddha hey man but but seriously thanks so much all right thanks for picking up man I'll see you in chat all right brother bye all right because I'm gonna bring a little wrist off I think you just joined let me see let me try that again Larissa where you at because females have been kicking butt at MISD you guys are so disciplined and hardworking and don't have the egos at any other extent hey how you doing hey oh my god so happy to see you all right you're the same one in MISD right Larissa yes yes I'm the one what's your name again in MISD so everybody know my name is Larissa the same in MISD that's why I saw that so how things going tell us tell us your progress and when you join and tell everybody what's going on and I joined a month ago in the middle of April I think I love it I started really small so I'm trading just like 1500 shares at a time that's right that's to learn that's exactly right yeah so I'm just trying to do like $50 a day like you said $100 a day nothing crazy and I just wanted to I live in Toronto Canada ah Gerato okay because I'm trying to figure out the asset I'm Ukrainian by the way so so tell everybody how you found this and what are you what is your step right now because it seems like you you got down the process of education and learning so I wanted you to tell everybody because females in my opinion is what you guys excel on you guys don't take shortcuts you know you know you don't say you're you're you're doing what you need to do so I love it well I'm not as good as Faye I'm so far from it I'm very stubborn so I used to find myself fighting the stock like fighting to death uh usually my death but now I'm just trying to do the stop losses I use them Joe how Joe explained the range orders so I put my target target and stop loss at the same time and then I just walk away or I just like move my chair away so I don't mess with it so what's your uh what was your educational process did you watch the videos first you got a tab tell tell everybody how you started to learn well I started trading a few years ago and I blew up a couple accounts of course but then I was following Alex for like ever since his uh drys trade long time ago uh so I was following all of his videos I watched all of the like YouTube videos and um when you like if I ever decide to join any group it's gonna be m.a.c because I kind of like I hated all the chat rooms because I thought it's just uh but like m.a.c is totally different have you have you gone through the joke Kelly so which videos did you enjoy like which one do you watch that is helpful I watched I watched all of the trading basics of Joe and I watched all of the Aloha webinars I just love Aloha Austin thank you very much awesome awesome yeah she's the best and Joe is the best explaining everything I actually I even started learning about options now I never thought I would like it um yeah thank you very much Joe and Austin and all the mods and Tom and everybody just like such a great help it's unbelievable like I haven't had a red day yet were you haven't had a red day yet no like I have no small profits but like my uh kind of almost red day was like I made five bucks on a day they're days I wish I just I just wish that made five dollars I made zero dollars so that's good so in the beginning this you did exactly right your job is to learn to become comfortable and become consistent because you can always size that whenever you want so this is the perfect way to learn how to just want to you know try to get the process done and like be disciplined and actually stop out every time I plan to stop out that is awesome so I mean that even small I'm telling you even small size adds up when you don't take big losses it adds up after a week really fast yeah yeah I'm trying I tried to learn to recycle shares like you do and I really suck at it yet because I don't know why every time I try to recycle then I just like a cover so fast like up to 10 cents and then of course it drops like another 30 cents who is your job um I have a Lisa girl okay good girl power you girls are kicking butt my god all the guys are like I'm going to be part of your job now so it's amazing yeah send me an email send me a message let's be awesome so today is uh the webinar and tomorrow is your favorite Loa's webinar tomorrow so I know I didn't I don't book anything for Tuesday and Thursday no dates nothing I just like my dates is Joey and Aloha anything you need help let us know so now everyone knows who you are and in my sees that's awesome yeah very happy parts of the family it's so awesome like in my sees not just the chat room and it's real family for sure like everybody's so helpful nobody's been like prideful and like oh like you know but it's very supportive it's very important like real real community thank you very much bow for creating thank you for being part of it you you are the reason why am I seeing awesome there's people like yourself I love it thank you very much we'll see you back in the room yeah thank you bye oh that was awesome I want to bring alison and we'll end it here okay that was awesome the first time sorry I recognize his name the females and I see her just amazing no red dates you miss me already bro what are we doing wrong she had no red dates I don't know man these women are really good man because they trade without an ego right men are always trying to be macho and showing off and training with their balls but women are actually being precise they're using the process that is out there and it's fucking awesome to see man dude her big he says her her closest with a five dollar day how many times we wish we just had zero right bro it's like you said how many times do I wish the internet cut out or that you know something I was fell asleep I slept in I took too many animals you know you're crazy bro so okay I'm gonna do you want to talk about that we wait for Tosh because this is what I want to talk about it because yeah I can talk a little bit about the thing but I think the best way is just wait till Tosh's webinar guys because every single week on Wednesday at 2 p.m. we have this webinar for new traders new members walking you through m.i.c walking you through the room all the features all the perks and then we open up the Q&A at the end too so I mean if you want to let me show you give me a chart this g r and q zombie the fuck up g n r q oh shoot g r and q it was 117 it was 170 and now it's at 240 zombie times crazy shit man oh my god the good thing I left because I probably would have touched it it's the same thing every day man zombie times zombie rules especially on slow days man well that slow days are the most dangerous so so so tell everybody okay so what are we gonna do we're gonna actually launch it then at Tosh's thing so anybody that wants to know about the accelerator come to the uh so so show people how to do it because there's a lot of new people that don't know how to get into the webinar and yeah so there's two ways to get into the webinar number one is by going to the youtube channel youtube.com slash my investing club at 2 p.m. and the other way is either following me about Tosh on instagram or twitter we tweet out the zoom link as well so we have a zoom webinar and a youtube webinar going on at the same time whatever platform is more convenient for you you could use it uh it's every wednesday again and we will share the link to get the jump start accelerator during this webinar uh so tune in and again there's a special promo going on right now it's only going to be for one month this promo and you know Tosh will talk about that during the webinar correct and I think they should go look at the youtube because then they can interact with us type questions on the youtube correct and joe is going to be there on the youtube channel answering questions as well so if you have any questions and you're not in m-i-c you're going to go to the youtube channel and ask it uh in the um the question bar and then you take from there my gosh zombies are real zombies are real my friend it's every day man it's every day we have another example to prove it to us every single day it's you either learn from it and learn to avoid it or lose by it and then avoid it that's why every day man every day I walk away while you were walking around I was driving around you know I'm doing what I have to do based on my process to walk away because I am addicted as well if I stay in front of the computer I will find the trade but if I walk away I enjoy it more at 4 p.m. feeling grateful that I didn't gamble away my games I didn't piss away my games because like you said man we are not going to load almost every day it is only us that is the problem when we deviate we can lose correct because the process works the strategy works we we are the fuck up yeah we are the problem and I'm gonna leave this I'm gonna hang up I'll do it I always say this guys is either you win