 What's up everyone? My name is Alex. I'm one of the co-founders of MyInvestingClub.com. If you are brand new to trading or are curious about trading at all, I want to let you guys know about a free two-hour mentorship course that I put together with my mentor, Bao. It is available at MyInvestingClub.co. The link is going to be right here. This is a free webinar with limited seating every week, so please click on the link and reserve your spot before the time runs out. Also, a special bonus for all of our viewers on YouTube. So if you guys have any questions about MIC or you're curious about joining or you don't know if MIC is the right fit for you, you can now text Tosh, who is one of our head mentors and head moderators at MIC, and he'll answer any questions you have about MIC. His phone number will be in the link in the description. It'll also be right here. Thank you guys for watching and enjoy the video. I'm dropping the record button on you guys, so you have it now. I'm for the first time ever bringing a special guest on, and let's all welcome Joseph Kelly. Hello, ladies and gentlemen. I'll be your entertainment for this evening. He does crazy things, man. He does crazy things. You just got to pay him enough. Joe, dude, let's talk about that Tesla trade, baby. Let's talk about golf class. What we do each week, guys, with this is, obviously, we're here to answer your questions. We're going to free talk a little bit as well. We're going to talk about things that ran today, man, especially what happened with Tesla. It's just too good of an opportunity not to bring Joe on, specifically because he traded it, and Alex traded it and killed it. But if you guys have any questions, write them down here, and me and Joe will also answer live. So, Joe, how do you want to start this thing, man? Should I bring it up? Let me explode this Tesla chart real quick. Bro, we got to talk about this shit, and how the hell I missed it, man. I'll tell you how you missed it. Focus on things like me. I got her live. The big thing this morning, and I was telling Alex this, and this is what he didn't talk about in the YouTube live for anybody that hasn't watched it. I think me and Brian Bolt were chatting with him separately, but me and Brian trade together in Sam. Me, Brian, and Sam trade together almost every single day, and we trade very similar stuff, and they have a bigger risk profile than I do. I got two kids and a wife and a house, so yeah, I'm not taking as much risk on as they are, but we all trade the same stuff. If you made $3,000 today on little risk, that's still sexy, man. That's still really nice. And that's the point that I was going to make with options, is people are afraid of options as they should be, because if you're dumb and you go trade an option, rather not dumb, ignorant. If you're ignorant about options and ignorant in a non-insulting way, it just means you don't understand it. If you don't understand options and you wanted to immediately go, oh my god, I can make so much money. Yeah, you're going to get smoked, because you don't know what to trade. Like today, someone, I sent my P&L to one of my little buddy groups that I've known for a long time, and I was like, yeah, long road. I said some shit, some inspirational shit or something like that, and I was like, a lot of hard work went into this, and really, all it was was that there was an opportunity, and I knew there was an opportunity. And the reason why I like options is because I can pre-define my dollar risk because, and here's why I don't like trading the equity on Tesla. Like bless anybody's soul that trades Tesla stock itself, because it's so volatile. It's literally in one or two minutes, you're like, all right, I'm just going to buy 10 shares. That's not very much. I mean, that's like 7,000 bucks maybe, you know, if it was like back at 700, you know. Yeah, and then you get a candle like this to the upside. Yeah, exactly. 10 shares, dude, you're done. You're like lit, but if it turns and goes the opposite direction, it can go 50 points against you in two or three minutes, and the spread is two, three, four, five dollars a share. Like if you buy on the ask and sell on the bid, you just lost a hundred bucks. Literally, yeah. And so the puts or the options, rather, they were very liquid, and it doesn't take a lot of rocket science. Pull up Fenviz for me, and I'll show you. I love Fenviz, I love this. We'll talk about it. So just pull up Tesla and look at the bottom right of your screen where it says ATR. 44 points is the average high to low on the day, on any given day of Tesla. It can go from 44 to 88, basically. How crazy. On any given day. On any given day, it's that much range. So basically, when I saw that it was having its first red day, I sent Alex a picture, and we weren't even chatting before any of this, but I knew he was going to trade it today, like I knew it. The minute something has this much volatility, Alex literally like is like foaming at the mouth. Yep. And this is what I sent Alex at during pre-market, and I'll just post it there in the chat. It was funny, man, because like me, Bow and Alex are obviously in a chat, you know, we just make sure that he's copacetic with the room, and just, you know, obviously we're all kind of trading accountability buddies with each other every morning, and we were devising our game plan on this, and I haven't seen Alex this horny or excited for a trade in like, dude, literally a year. He was so unbelievably excited for this trade today. I was like, dude, I knew he'd at minimum walkout with a 30K win. I just fucking knew it. So when he pulled 100, I was like, damn, bro. I go, you were that horny for a trade. God damn. So that line right there was the line I drew. And if you can see it, you can see that there's the previous closing price up there in the top corner is $887.06. So that's the previous closing price. So we were read on the day, and this is just simple technical analysis, and you have to put yourself in the mind frame of people that, because here's the reality of what happens. Day one, it runs. Day two, it gaps up, insanely gaps up, like 150 point gap up almost, or 100 point gap up. I mean, it massive move. And so that's day two. And we run all the way to 960, right? But even though we had that big panic candle, lungs are still very much in the money. Although fresh blood that was buying into the clothes, like some chat rooms were posting on Twitter, I bought it into the clothes and then smack, they got smashed. But what is their mentality? Day one, it gapped up huge. Day two, it gapped up huge. Day three, hell, what are the chances it's going to gap up huge? Might as well try it because they're late to the game. They chased it. They're late to the party. So in my mentality, because Alex was, me and Alex were talking and I, and he was like, bro, this has to bounce. It needs to bounce. I want it to bounce. And I said, dude, if this bounces, shorts are fucked. I said, no, I said it cannot bounce. If it bounces, shorts are in trouble. I said, dude, it's got to trash the overzealous lungs. It's got to trash their position. And so I told him, I was like, dude, the line for me was 834, which was the prior day low. And also if you see it pre-market, if you see it supporting right at that same 834 bouncing right off at 834, 834, 834, 834, and then it just keeps bouncing. There you go. And so what that tells me is that, hey, retail is taking over. Retail wants to hold their level, right? Like Bao was saying when he was trading and I was like, dude, it seems like retail has taken over this. There's no more algos. There's no more computers front running it. Retail has taken over this. And when retail takes over, that's what conforming to the chart means. So for all new members. And that's when the emotion comes in, man. So that's when we have something like a red date. It's going to be fucking aggressive, man. People have say now. And so when I told Alex, I said, look, I said, when that level panics, I'm shorting the pop. That's what I want to see. I want to see that level break down, kill longs, make them worry. And then when it bounces, I'm starting to short it because then I have a defined risk because to me, when I, if this spiked like right out of the gate, I would not feel good about it holding because of how much manipulation is in it because Citron research is short. And they posted all over Twitter that they're short. And all these other firms want to rape them figuratively. Yeah. And it's kind of terrible. Dude, my plan on this this morning bro was literally 880, 900 and 920. Those were like my three lines that I thought were really key, right? I was like, dude, I am too scared. I was scared shitless, bro. I was like, if this literally just jumps, you know, probably didn't have this decline right here by the time I was forming this plan. If it was just opening right here and jump to 880, I'm not touching that shit. This jumps in right, I may, I need this shit to be overextended because dude, like longs are still cool, but here's the thing. It's like you said, man, it's like day one, you know, obviously there's a gap up and then we have a huge run. Then day two, dude, there's a huge gap up and then they're just momentum. Like the thing I like to think about in these multi-day runners is yeah, not only bag holders, but dude, if you throw a ball up in the air, inertia, momentum, momentum, dude, this is gaining strength. This is literally like there's no baggies in sight. Sure. Yes. On a general concept. And then when this turned, man, I knew that there would be some form, but even still at 920, I'd be shitless, man. I'd be scared shitless. So like, yeah, you needed this kind of weakness because this is the first day, man, where we had some gap down, dude, and it just failed, followed through all pre-market by the time it opened. Honestly, dude, I was contemplating a short near like the eight sixties. It just didn't bounce enough for me, man. So I'm glad you guys caught this shit, but I was still, I was still a little bit on edge, man. Yeah, Medi. Yeah. Alex probably traded like a hundred contracts to make that much. So yeah, he probably had a lot. Dude, I would imagine the PM and man, he'll tell you, he'll fucking tell you. Yeah. Well, he doesn't know. He forgot. He was just, he would just kept buying. Dude, Alex's immunity to fear is probably like one of the mind boggling things I've ever seen in my life. Like, dude, I don't, I could do this for 90 years and still not understand how that kid, dude, Alex is 25 years old and can literally drop the house if you wanted to. Bro, what was the first question I ever asked you in freaking San Jose? I asked Tosh the first time I ever met Tosh and Alex the first time in San Jose, literally a year and a half ago. I'm trying to remember. First question I ever asked Tosh was, that's a really cool camera. Where did you buy it? And the second question I asked Tosh was, that's a really cool porn camera. Do you ever, the second question I asked Tosh was, why does Alex look so piss? And Tosh goes, dude, he's not pissed. Oh, that's right. They said, Tosh said a year and a half ago, he said he's so insanely focused when he has a goal and something to accomplish. He's so insanely hyper focused that nothing will slow him down. And I'm telling you, the first time I met him, I saw it. I saw it. Thank you so much for watching our video. 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