 What's up, everyone? My name is Alex. I'm one of the co-founders of MyInvestingClub.com and I want to let you guys know about something special we're doing for our viewers on YouTube. So the most common question we get asked is, you know, how do I start day trading? So what me and my mentor about is we create a free two-hour mentorship course for the brand new trader. It's going to be available at MyInvestingClub.co. The link is going to be right here. This is a free webinar that reveals our 12 secrets that every single brand new day trader should know before they start. I also want to let you guys know about something that's very unique to MIC. So if you have any questions about trading or you're curious about trading or you don't know if MIC is the right fit for you, now you can text our head mentor, Tash, whose number is going to be right here and he'll answer all the questions that you have in less than 24 hours. Thank you and enjoy the video. All right. How's everybody's day or week? My week was so boring. I'm green on the week, but God, so boring. Like I did it. I mean, I had a solid Friday actually. I had a solid Friday. I mean, my week, for me, I've been starting my week on Friday mentally because it's like after like, I don't know, the webinar day for me, my week starts kind of on Friday. Friday was awesome. Monday, I didn't place a trade to yes, Tuesday, Tuesday, I was green Wednesday. I just Wednesday, I was like kind of break even and today I'm kind of break even. I only won two out of the five days, didn't trade one of the days and break even the other two days. So today we are going to be talking about why your lines aren't hitting and how frustrating that can be and what to do about it. So I literally like this is, I mean, I probably get a call. I probably get, I'm sure every mod in here gets at least a call like this, something along the lines of this every single day, you know, about like, dude, like what is it about my lines? How come they don't hit at all? Like, you know, the thing about lines guys is not all lines are going to hit and you guys know that. Like if you're constantly always missing, then there's something wrong. And so we're going to talk about that today. So the market sentiment first and then, and then we'll bring you on on the fly. I'm pretty sure Vick is a line trader, right? Just straight up like Faye, like there's straight up plastic line trader. So be probably good to get his, his opinion on, on hitting the lines too. So yeah, so last week, where were we, right? Last week, it was kind of like a watch out above themed market, right? Everything was just ripping and, and that's, and like we talked about last week, that's kind of the, that's a tell when, when the, when the bullish, when the bullish market is getting a little out of hand, right? You can't say you are starting that, that's when the, that's when the bullish market is kind of getting a little bit out of hand, right? When we get that, that blow off range, that blow off volatility, we're like, we're starting to see these 500% movers and just multiple, multiple 100% every single day and I mean, they're just, the rain is just expanding. It's like a parabolic move on the chart. So, you know, we were, we were in that kind of strong bull market and, um, like it, and then we started, and then on Friday, we had those three faders and like I even thought like, you know, at Friday, that's, you know, it'll be the tell if we get a lot of faders on Friday, it'll kind of be the theme for this, like this week's market will slow down. So, you know, so like I wrote finally getting the much needed retracement on the spy on the COVID second wave. The question to ask is how much was priced in, right? If, you know, if a lot of it is priced in, it was a great dip by opportunity, which now that we have a week's hindsight, it was because the market definitely bounced off of it. Um, if the cases continue, I think the, the, the, the reflash, the fear area is two 80s, right? And I thought that small cat bullish is prevails, but it's getting, um, it was getting weary of its ability to continue. And I'm going to be looking to short the week stocks this week, which, um, I was trying, I was kind of trying to do this week. So this week's market, you can see like the kind of, I should, I should keep a couple, we kind of fit this kind of pattern here. I feel like we're kind of in a, in a very light sellers market, not a strong sellers market, but a light one, right? But we were also in kind of a light buyers market too. It wasn't, it wasn't low float mania by any means, right? Like for those of you who know, like low float mania is when every single day you have like five low floats, it doesn't even matter. Like just, it doesn't even matter. There's no news, just anything with the low flow just pops up 200%. Like we weren't in, like that's a strong bullish market. We weren't in that market. So we're kind of this, we're kind of this along the edge. It's just a moderately ranged market. Um, I do think we're on the sell side though. The range is decreased a little bit from last week as shorts of regains of dominance. And that's kind of normal, right? In a bullish market, you're going to see range a lot bigger than in the small, in the, than in the, than in the bearish markets, right? Because when stocks are in a bearish market, um, range can only be defined on the upward part of the range. It's not like a stock's going to gap up 30% and then tank to minus 50%. Right. That's not going to happen. Range is going to be defined by how bullish a stock is. So like the stronger the bull market, that means the stronger the sell market, because like they need to, like when the, when stocks go up 300%, now we can, it can come down 300%. And that's how the range, you know, you're going to see stronger and bigger range in those buyers markets than you are in the smallest in the sellers market. And that's why when we start to see those blow off type, that volatility, that range start to get kind of parabolic. That's why range is a really good indicator of where you are and what's to come anyway. So shorts this week regained some dominance. They kind of overtook the helm a little bit. And I think that was very indicative on Friday when we got those faders. Um, one thing I really like about this market is we're still getting a bull a day, but we're seeing more faders than continuations of these bull market of these bullish stocks, right? And so the action this week, um, you know, last week, rec, reclaims were like, you know, all the Mary, like every single day, like, you, like shorts couldn't trust anything that you had to nail and bail. This week's reclaims are not as, you know, they've been very hard to attain the reclaims have been stuffing. I've been very, I haven't taken a lot of reclaim trades this week, which is normally kind of like my favorite ish kind of trade to take, but I haven't been taking them just because I just know that we're not in the market for it, right? And so like, actually did it today. There was a time there was a stock today. What was it? I already forget it was AM, AMD. Like, I mean, there, there was a lot, actually, we can go over it right now. Or like, there's a lot right here where, um, right around here, this is where the stocks like going to reclaim if it's going to reclaim, right? It's going to just like pop, make a hire though. Here's a second attempt where like, if we were in a bull market, I'm buying right here, but no way right now. Like we take, and then you get this other time where you get back over, view up and stuff, and like you can get chopped out of here, like three, four or five times and eventually maybe you are right, but here you're going to like buy here and sell and buy here and sell. And it's so easy to get chopped up here. And this is why you don't want to be anticipating this kind of crap here. Wait for confirmed strength and then look for the dip. And that's what I did here, but that's kind of like, if I'm going to be longing anything, that's what I'm doing. I'm waiting for confirmed strength and then I'm buying the dip. All right. I'm not at all going to be aggressive as a long in this kind of market. But other than that, we're seeing resistance, like try to hold a lot harder. It's a short, basically when we, when shorts gain more confidence, what, what happens in the market is when, like on an, on a specific scenario, when a stock goes to push VWOP, actually there's one right here. When a stock goes to push VWOP, actually I was short, I was short for this one. Right. When a stock goes to push VWOP, by the way, I was so mad at the stock today, I was mad at it from the second it just tanked at the open. But anyway, when a stock pushes VWOP like this, you know, like it's going to, like it'll, it might like test and play like it wants to hold. It's going to do that in every kind of market VWOP is going to try to hold. But in a shorts dominated market, this kind of secondary push, shorts are going to be less afraid like I was of this push. Now this, this very near, like my stock was 25, it went to like 26. And I was close. I had my finger on the exit button, but I'm like, you know what? This market's really weak. The stock had a huge tank at the open. Let, you know, like I'm going to move that stop up to 30. And I'm really glad I did. Now I didn't make a good trade out of it, but because that's because I was so pissed at it, but like, this is the kind of situation in a very specific scenario, when you're in a shorts dominated market, you're going to see shorts be more hesitant to fall for it, right? To, to fall for that trick, right? And you're going to see buyers, you know, like it get more fearful and less demand is going to go into those pushes in the first place. So it's all kind of self-fulfilling. And that's a specific example of how, like, when it comes down to the moment of like, is it going to continue or not? Shorts are going to, you know, by not covering, they're going to be placing, they're going to be helping the stock not continue. Right. It's, it's all, it's like a team effort. We're seeing resistance trying to hold a lot harder like that scenario. Right? Long seem to be, you know, more afraid of dumps in those dump areas. And we're seeing harsher drops from the contested areas. And when I, you know, I mean contested areas, I mean areas like VWAP, right? Areas like, you know, oh, we just went over prior close, like, and we're consolidating, but longs might be too afraid. And they're, you know, they're going to see a harsh drop from that contested area. Yeah. So the pattern, it's basically been stuff city, like this kind of week, like, besides the crazies, and what I mean by the crazies is the thing about the crazies guys, what I deem the crazies, I'm talking about the IMRNs, the JFINs, the, the CARVs, what was the one today? Or the UONEs, right? Those are what I deem to be crazy stocks, meaning they are, they have, they're so illiquid, they have so much range. Yes, a whole lot of money can be, can be made. But the other, the other day, maybe yesterday or a couple of days ago, I posted something kind of mean in the chat, but like, I didn't mean it to be mean, but I did mean it to be harsh. What I, what I said was, I said something on the lines, like, if you lost on, I don't know what, whatever the crazy stock of the day was, if you lost on this stock today, it is your fault. And what I meant by that was it is, yeah, car, it is your fault. Meaning it, I don't want, like there is, should be no scenario when you're trading these stocks that you ever in the slightest get into your mind saying, Oh, this truck, this stock traded really weird today. Right. This stock traded really weird. Oh, it was very different price action. Absolutely not that, like the, the kind of stocks that are carved, this is completely 100% normal price action for a crazy stock like this. You know, this is absolutely normal. You know, like we're like, it just, like it has this epic tank, epic tank again, and then climbs all the way back up here has this major drop, but snaps right back. Like I'm sure this candle was annoying for some people. I can just tell, right? This is absolutely 100% needs to be expected from this crap. Well, thanks guys. Thanks for showing up. Peace out. Thank you so much for watching our video. You want to see more of our videos, please subscribe to our YouTube channel by clicking the button here. We do our best to post a new video every single day. If you have any questions about MIC or any general trading questions, please text Tosh using the number here. Also, stay up to date by watching some of our most recent videos right over here.