 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. If today's your first webinar, welcome. Here's gonna be the lay of the land here. I'm gonna go over the key traders of the week. Primarily I only go over the ones I trade, but if you guys want me to go over ones that I haven't go over, just post it in there. Say, hey, can we take a look at that one too? And I'll get to it. We're gonna go over the market sentiment as I feel that's super important week to week to just know where we're at. It's funny, James Friedlinder and Tosh were talking this morning about how, dude, this market, like the last few days have been tough in the market because of the strength. And like if you've been following the webinars, like for the last week, week and a half or the last week or two, I'm like, you know that that strong market's coming, right? Like if you keep track of the sentiment, then it kind of helps prepare you for what should be coming. Again, this is the fine balance between anticipating and I always tend to do that. Like when I feel like the buyer's market's coming, I tend to anticipate a couple of longs that I should define line, just knowing when they're coming help. It's an advantage. Anyway, there's a trader topic I'm gonna talk about about hiking. Then we're gonna get into the strategy of the simplest short. And then we're gonna end with Q&A. But you know, kind of like what I like to do is if you have a question that pertains to what we're talking about, then I'll try to answer it as we go. Just go ahead and type it. So yeah, let's get going. So yeah, so GNPX was kind of like the hot chick of the day. This is the mover that kind of started the comeback for the, you know, we had a low laptop coronavirus hype kind of faded a little bit. And GNPX kind of brought everything back. So it was definitely the hot chick of the day. And I like, I saw that it was a hot chick of the day. I wasn't sure if it was gonna be the hot chick of the day, like, you know, right at the open, like I knew it was the biggest potential, but you know, sometimes the biggest potentials like crap at the open and some other one takes news, but you know, it was, you know, I knew it was a possibility. And the second that we got that strength on the opening candle, I knew it was. So my goal for this was kind of like BBI. I was just, I was literally just gonna ignore it. I saw GNPX, I'm like, I'm not trading this bullshit, right? I kind of just went over that, but it's not recorded because I almost miss hitting record. Basically, I just talked about like, if you trade the hot chick of the day, be prepared for it to be a pain in the ass, essentially. But anyway, I thought I was just gonna ignore it. But I'm like, you know what, there's a couple of scouts that could probably just, you know, make a few bucks here and there off it. So I traded at the open, I cut that shit immediately. Like, I didn't even wait to profit on that. I took that off for a breakeven scalp. Then I saw a nice opportunity, you know, I didn't have any conviction on this all day, right? So that's, that's what that's why I was just quick scouts on it. Anyway, like, here, when I was watching this stock, like, if you want to replay this, like in thinkorswim or something, like this was not giving any relief to the shorts at all. And right around here, this was a very fast, hard move. And right here, like this is so vertical, so abrupt, I was like, okay, that's everybody just that's an exhaustion. That's an exhaustion pushup. That's great cover, because I as a longer, I know, like, that's not really like long, truly by like, no longer going to chase that up. That was literally just an exhaustion cover from the people who built in a short position all the way here. And for, you know, it, you know, rejected for made a little higher low, and then like push through for like, in an instant, I was like, that is straight up just covers going off. So I was like, I think that's an emotional exhaustion scout opportunity. So I took it, right? I did the same thing here at five. I thought like this bit, you know, when moves happen so abruptly on a whole number, normally, whole numbers offer some kind of resistance. And when it just like blurts right through it like that, I immediately think covers. So I'd like, you know, I just took, you know, I waited for it to by the way, this order was not here already. I actually had a five short over here and miss narrowly. That was going to be a scout. I missed it by inches. And so like, when it came back, I had canceled the order, but then when it blew through five and kind of rejected a little bit, like that's covers. That's a that's a nice quick scalp opportunity, but it didn't even go as low as I wanted. So like, it kind of stalled here at 480 for a minute, I gave it one minute, like, I was like, I don't like this thought I covered it. Good thing I did. So I got a couple scalp. This a little quick first bounce trade I tried. I was probably impatient, but I just covered it. I didn't like that it didn't I was quick and this kind of moved right away because it was just not giving any. This was the first relief the stock had had since like three. I'm like, you know what, like, if it just doesn't like ramp up on this bounce, like maybe we're due for a pullback. So I kind of got a little nervous, but then it pulled back. Anyway, I'm just looking at scouts. I don't know, you know, no blood, no foul. And so that's how I traded GMTX very carefully, just quick scalp. So it's 3% of an account risk to aggressive. Well, I don't know, for big money, I think that's kind of aggressive. But I don't know, if you have a smaller account, I mean, it's necessary, like, I think, I mean, I think the standard is like 1% for trade. But I mean, that's if you have a big enough account to make 1% trades worth it. You recommend paper trading or diving in the super small size. I always I mean, so if you're a blanket newbie, paper trade, if you've been studying for a while, paper trading is not going to help you. Like so if you study for a while, and you want to start trading paper trading, if you if you kind of like know the basic basics, dive in the tiny size and make it real trade five shares, five shares, unless you're like trading a broker, which $10 a trade, then don't do that. But the per share basis, and there's like a minimum of $1 a trade or something. Okay, so locate 100 still trade five shares. It's, you know, like, whatever, just make it real, like trade 10 shares net, like 20, whatever like you feel won't affect you at all, but it's as close to real money trading as you think you're going to get. I generally kind of catch the support areas and the dips for trades, but then I don't then I because you're afraid, am I being risky with this thesis? I mean, it all depends. Like, I mean, how, you know, what the situation, why is it dipping to your lines? How drastic is it? How fast is it? What's the flow? Like, is it just after a VWAP crash? Like, you know what I'm saying? Like that kind of stuff matters. So yeah, like, I'm not the kind of trader that trader that just uses technicals, like just like I want to know like what's causing the move. I try to build a story around my thesis. You know, if you're a technical trader, I don't think you're being risky as long as you have risk management checks, like in place. I normally use my lines. Like, if I draw a line, it's from the daily chart first, and then it's from, it's from the daily chart then it's the free market. And then once intraday lines are established, I use those. So those are the order. So yeah, I would have this from 95 cents. I'd have that. I would have this line. I wouldn't have this line until this move happened. What's TOCA? Let's see, on the daily chart, I would definitely have 110. I'd definitely have 110. I would have 70, 80, and 80. I'd have 110, 80, and 70. And I wouldn't have this one until this happened. I wouldn't have 95 until it happened, you know, free market. So that's, that's how I draw the lines. All right, later, everybody. Good questions, guys. I'll see you guys in the morning. By watching some of our most recent videos right over here.