 Joe, can you hear me? Are you in? Are you even available today, bro? Ah Got a tinkle. Yeah That's a that's code for take a big shit Trade Eric. What's up, brother? Yeah, guys, so just really quick just before Joe comes on just absolute last Well, I closed it but just absolute last information if you need any questions answered about the live trading event August 17th and August 18th, which is our second year anniversary If you need any questions about the accelerator course if you're just looking in want to come into the club monthly annual or Lifetime and or you want to just upgrade, you know Just DM me if you're a member or you can text me at my business line at two and three four five eight five nine nine seven And we will figure out to the best way to suit your needs. That's what I can say So, you know, I think you'll love it my C man as you guys can see it's a wonderful community man We've got moderators a shit ton. We've got a ton of traders who are willing to help each other And it's just it's just fun man Like M. I see is literally the place to be if M. I see was created seven years ago when I first started dude Oh my god, man. It would have been a whole different. I just would have been a different trader today, man I had to you are sunshine. Oh Yes, there he is. Yeah It's always it's always right When Q&A starts like every day, it just hits you like a break doesn't it do this every week We do this like it's right the end. I'm like, damn. I got a tingle I was like, I'm not gonna be able to hold this one. What do you think trading diapers are for out? Piss my pants two times So how's your week been man, what's it's been it's been good man It's been good, bro. I moved back to Cali. I am Dude, I yeah, yeah, my girl's got a lot of business out here and I just decided I was like, you know what man It is so freaking hot That I'm gonna buy something in Arizona soon But until I'm ready to do so and find the perfect property because I was looking dude I was looking for a property every single month in this certain community that I wanted so I'm still searching Joe It's like when I'm ready dude, I'm probably gonna be back and forth But right now man, I honestly just so I'm getting my sea legs back in Cali and holy shit. What a toilet dude There's homeless everywhere, there's it's all breaking down It's a different world when you go somewhere else and then come back right dude. LA is a fucking toilet, bro That's why that's why me and the wife. We just like to visit Man, you know, we don't go to Southern Cali. We go to Northern Cali. Well, Joe, dude It's crazy, bro. It's crazy. So I don't know what it looks like in Texas with this pandemic, man But bro, I'm not so listen to this man. I live I lived in LA. I'm dude. I'm 30 years old in three days I'm 30 on Friday, but I lived in LA 95% of my life dude. I left for a year to go to Arizona. I'm back now dude This is not the LA. I remember man I don't even recognize it dude like the way this pay. Hey, thanks guys The way this pandemic has literally hit bro There's restaurants in the streets like all my favorite places are kind of closed man I'm like, what did I come back to see the Arizona bro? He was it was kind of unhit by the pandemic like it was kind of normal You like normal life was so dude. It's so weird Dude, it's so in Texas a lot of the good restaurants that I liked are gone now Those aren't a thing anymore Or they're just not open and yet again. So it's Dude, it's an adjustment still to this day. It's an adjustment and It's weird it's weird. That's all I can say is Well, it's fucking weird, you know, you know what I would say about it Joe's cuz like guys will if you have any questions definitely write them out Q&A time so well Joe and I load up on the questions like a talk show as well Yeah, definitely get your questions in and we'll answer them, but Joe I gotta tell you man It's like dude every single day. I'm like, I just count my blessings. I'm like, thank God I'm a trader. Thank God my business is online. It's like so many people were hit by this and now dude Literally now that I'm back in LA and actually seeing it because I didn't see it that much in Arizona now I'm seeing it firsthand. I'm like, oh my god, dude. Just thank God for what we do man and oh yeah for real anybody that's struggling and Trying to hold on for hope and you know every now and then I'll I'll get a random You know text or something with a guy that's just kind of hit his limit with trading because he hasn't found consistency is like Tosh man, I don't know if I want to quit all together and I'm not that you've been taught He might not even be a member. I'm not talking about MIC. I'm talking about he might want to quit trading I'm like, dude, just keep pushing bro. Just keep put like you will see the light man You will see it Yeah, it's It's such a good job. It's tough, dude It is tough man. The real world is it's it's insane man. It's it's truly insane So, you know enough about that. I didn't want to get anybody down It's just I literally feel for like the first time since the pandemic happened. I'm actually seeing it firsthand I'm like, oh my god Yeah, dude, it's it's pretty shocking To to watch everything unfold it I'm You know, I don't even know Well, on a where to begin on a lighter note as pertaining to trading Apparently the spy hasn't been Yeah, no spy got hit by corona and made a full recovery Yeah, apparently The best thing to ever happen with corona like what the hell dude, you know Dude, I Said it months ago. I was like, I don't think we're gonna get the dip that everybody wants fake I don't think round two dip is gonna. Yeah, aloha said that he said dude. It's fake until you make it And I'm like, yeah, bro. I don't think that second dip is coming. I don't think it's coming Yeah, you know, you know what would take out the spy man I got to tell you this is kind of just free talk and literally this is 100% conjecture, but I'll tell you what would take out the spy a Second pandemic it would take because the reason why everybody's baked into this first one. Everybody knows about it I mean, dude, if you read the headlines literally like Bay root is getting bombed and the spies going up, dude Like there's dude. I saw that video that Sykes posted. Holy shit I like and props to that guy for all the work he does on on oh Dude on charities and all kinds of stuff. I saw the million dollar donation that he did to Yemen I was like, dude, that's some stand-up shit right there. I gotta tell you I don't care Stock trading real estate fucking he could be a grocery sacker. I don't give a shit. That is some I've seen those videos about the kids and I'm just like I'm gonna cry Bro, I'm at a stage of my life. I don't know whether it's because of turn it 30 and I'm getting old as shit But bro, I gotta ask you a question about that. I don't hate on anybody man Again, I don't like certain people harming others but but but a guy like like that man It seems like he's doing a lot of good in the world. Yeah. I don't I have nothing bad to say About any of that. I don't care people people have conspiracies They're like it's just charity donations as write-offs for all the crooked shit. He does well There's always someone I'm like and shit. All right, cool Well, he did some great shit for some starving children in Yemen So you can call him an asshole. Oh, you fucking want that was some admirable stump. That was admirable right there Bro, here's here's the look the one difference between There's and I know we're I know we're kind of like doing more talk show here But we'll get to it But the thing about that there's one difference. This is completely unrelated to trading too This is talking about people being a good human, you know what I mean? Because that is what we need right now, bro the one fundamental difference between people who are poor versus people who are rich are The rich provide value in some form to the world. So when poor people are saying, oh, man He's worth billions blah blah blah. What why is there such a monetary gap between me and him motherfucker because dude He provides jobs. He provides health care to family. He puts foods on family's tables. He gives to charity There's a price gap and there should be poor people just want to hold a hand there Hold their hand out and complain and I'm not talking about all of course not But I just mean dude like a guy like that who does what he did and donated a million dollars. That's and that's fantastic That's providing like to the world man So again, you know, I agree. It's like dude Steve jobs Like why is he worth so much money and or Bill Gates and blah blah dude Steve jobs create the iPhone You can talk on a phone with your loved ones. He provided that value to your lives. He should be worth the money He's worth. You know what I mean 99 in the truth or the matter is and we see this on Twitter now Okay, we see this on Twitter now is We see these people that are traders that have that have gone for making a thousand bucks today to make in 200 grand sure and When you give somebody and this is so true so true When you give somebody wealth the true Being gets magnified. Yeah. Yeah money is not the real personality Magnified right if you're an asshole when you're poor or if you fake being Nice right give somebody a million dollars and you'll see who they really are Well, you'll see if they're truly a good person Dude, I'm gonna tell you right now if I got a hundred million tomorrow Nothing would change except I would literally give more. I'd be able to give more away Like if I had a if I had a million today Just free liquid million just free to do with whatever you want. That's not tied up in fucking houses That's where the money's going right free liquid million I can't honestly say That what would happen? I think I would become very reclusive. I don't think I would be as vocal I think I would be probably like I'm just gonna vacation for a little while Yeah, I think I would honestly disappear like donations and stuff like that I think that would be anonymous and yeah, it'd be dude. I would do everything through pure anonymity Well, you know, there's an interesting thing with money and unfortunately, you know So and this kind of equates to trading guys is is there is a there is like Joe just said money's a magnifier So, you know the guys that have no money and then you make a little money You're gonna see who you truly are your if you're a kind person You're gonna be kinder because you have more options to be kind You have more avenues if you don't have money then you come into money and you're an asshole Guess what? You're gonna hoard 40 Rolexes and then your family who can't pay their rent You're just not gonna care because you're kind of a dick. It's just gonna magnify that side But there is fundamental differences between the genders which I find extremely interesting So I've studied dude my whole life. I've studied most women that get rich are still kind Every man has it Joe listen to this dude when I read this a while back I loved it man because the thing about money man is it's so interesting is not only is it a magnifier It's very much related to the gender so right like so if a guy comes into money like overnight Like he just has no money and then comes into money the true test for a man is like sports has money Sports stars. He wants every woman in the world when a woman when a woman comes into money She feels like she doesn't need a man. So There's like there's like this like Huge difference based on the gender but not people you see what I'm saying Dude, I love this shit. I could talk money all day, but I love this Like I just that's a funny. It's a funny comparison. It's pretty funny And it's so true dude because it's like the minute I've seen my friends do the minute one gets money and he's really got money dude Like I'm talking like Rolexes and e-classes and house and stuff dude He just doesn't he wants to be single immediately literally Because he wants to see if he's desirable between all the way, you know It's like it's like lying kingdom And then a woman comes into money. She's like I don't need this asshole right 1000% man 1000% it's too funny man That's why you got to find someone and grow together man You got to be like Conor McGregor with his wife dude. They have stood the test of time bro food stamps For real for real guys Is a is is a bad chick. Oh Man for real dude. You got to find a ride or die. Yep. How do you balance? using Think or swim with charting versus DOS for placing trades giving the time it takes to place orders versus volatility in the market Myself personally because I use both. I I am so Fluid when it comes to DOS man I don't even use these for charting unless it's a webinar Backtesting or I just want to post a chart because I think these are so much cooler to look at but when it comes to trading I'm literally only looking at DOS charts. Just literally just DOS and montages on cobra Yeah, I I think as a day trader if especially if you're trading like If you're scalping Doing it in one single platform is definitely going to be what you want to do. You're definitely going to probably use DOS charts And yeah, I can show you guys a real DOS platform here guys. I use both. I just put them side by side. Well, here's what you can do Here's how you do it. You do what you're doing. You just pop it out of the thinkorswim platform and put it there I mean, it's it's all the same Yeah, so guys if you're using one brain right like a tower and it's you know running on two or three screens Say this background is DOS if this is DOS you can pop out a chart for thinkorswim Put it over your DOS chart and then here's all you do Yeah, click this button. It pins it. So if you click the DOS right here like I'm clicking and clicking This stays above so you can literally have a DOS montage, right? I used to do this You can have a DOS montage, but but a to s chart. Yep There's there's probably my favorite layout. It is DOS DOS gosh, gosh DOS montage and time and sales and then the The thinkorswim charts I just Dude thinkorswim is just a cleaner chart. It's just a really it's just such a superior charting platform to almost One of my favorite things is to look at like a 15-day chart and just see how clean it is Right. Yeah Now there is one thing that I dislike heavily about thinkorswim versus DOS is Line charts can't compress line charts suck ass Like yeah, they they suck on thinkorswim Yeah in DOS and everything else. They're so much cleaner. Oh, man. They're beautiful On DOS so beautiful style. I think I said yeah bow pivot lines and zombie. Oh shit. No, I guess this is just pivot lines I um, I didn't let me make a line chart. I'll show you guys what it looks like, but joe's right. It's just it's terrible uh line Just change your upticks and it doesn't really matter. You can leave it the same Yeah, it just it doesn't show it one minute something something could literally wick up to here and you wouldn't even see it Yeah, just make sure it's a one minute because then it's gonna look Oh, that's right. Yeah different. Yeah See, I never dude. I don't even use these man. See, I don't either I don't never go to a one minute, but on a line chart dude. You got to use a one minute That's the only way that it it This is how I relate it a one minute line chart is like a five minute or three minute candle chart That's kind of how I relate it in my trading is if you're going to use that sounds accurate It because what it does is it just calculates the closing price the average closing price in that time and it forms a curve Which forms a line And the same thing with a candle chart, you know, if you use a three to five minute candle chart um He's going to be very close to using a one minute line chart. You're going to see a lot of the same patterns What I would say though guys If you do do a line chart for god sakes on to s just make it one color Yep, yep all one clean color like that. Just boom perfect. Yep black black background. Maybe why and the thing I hate about them What's that? Thing I hate about thinkorswim is if you zoom out Just as far as you can go do like a five day one minute Uh, hold on one sec Yep. Yeah, see it now look it makes you scroll to the left. See I hate that and in dos it just compresses it It shows everything on that particular Time frame in that selection and that to me Dude, it's so much better Than everything else related to that Outside of that. No No, I'm I'm 1000 percent um Thinkorswim well, and here's the cool part guys that you know The one thing I will say about a line chart on to s is if you have them kind of blown up like this Like this is big, right? Like if you have them small like I really don't like them But this is kind of cool because that's what she said In the morning, joe and I really like the strategy that we talk about every week We like a really beaten down chart under vwap and then we like the push to vwap in the open Is really really easy to see if you're having foam or not, man Like say that was vwap in the open I know it changes as day goes on but like say that that was vwap at like 520 Dude, you can see that all of this if you're hitting Anything about here or under is foam all yep Like you can just see it so much more clearly in my opinion because like maybe it's the contrast of the black and white I don't know but that is the one thing I really like about it is dude literally like you can just see if you have foam or not And I didn't trade it happen. I wanted dude I wanted this so bad to get at least a five to start a scale in the vwap But dude, this was shit, you know and same with same with imv Same thing man. It's just died out the gate, bro And then uh, what was another one, you know arpo Just god just another one man But as you guys can see you can really see the the differentiator of fomo versus non-fomo and waiting for a desired entry Every time I hear our arpo. I always think of the dog food alpo. Yeah, you think it alpo. I think it alpo every time Where in m i c should I look for to our Whoa, man. I'm struggling today Where in m i c should I look for thinker swim chart setups like best settings for thinker swim and any scripts I should add That is in my investing club dot com and then you log in You're gonna go with the videos tab brother when you are a member and you're gonna go down here to where is it again setting up lines somewhere Yes, keep scrolling Where are we I haven't looked at this alliance setting up lines right here So that's chart setups and then there's another area right there is tosh's full thinker swim tutorial right there for everyone And then I show I show at the end how to do how to set up lines and everything like that Also, there's another section under my m i c Just click the three stacks up there in the top right and then go to my m i c Making me sign in again And then scroll down and right scroll up. Yep TOS and dos scripts third one in the left in the bottom there. So there is Uh all that stuff. So those guys on twitter that are that are selling that freaking float rotation script Yeah, we give it to you for free. There's no reason to be paying for that shit The easiest coding in the world And yeah, there's no reason to pay for that stuff So next question is Can you please tell how it is best to interpret when you check a ticker in fin viz And you see shares outstanding versus the float Um, what do you go to fin viz if you want? Well, it's it's a very simple question. What's it? You don't even need fin viz Basically when you go look at fin viz and you see shares outstanding and float. What does that mean? I'll got you Shares outstanding are the total number of shares the company has issued That insiders and retail can publicly can hold themselves So these are going to be the shares that the ceo purchases the same thing. It's all the same shares. It's like the entire Um, the entire bit. Okay, the float looks like dude. Look at how much fin viz is just hoard themselves Oh, dude, it isn't it dude. That's oh, it's awful. That's why I use I use brave for that reason Like the browser. Oh my god. It's painful. It's painful It's fucking painful. Oh, this is like like I feel like big busty milfs are in my area But it's lying to me like dude. Look at that ads. Well done. It's an ad for advertising Like that is enough like good lord. It's like dude. I'm telling you it's like porno, dude yeah, so uh So Shares outstanding is the total number of shares About 30 million on mara for yeah 29.45 million is the total number of shares the company has issued And then the shares float Is 18.01 million, which is the number of shares available to trade In the public or retail so Correct So if we were to do it and explain it like this Let's say Go to Thinkorswim Uh, sure What's that? Actually, I'll just pull up this Yeah, and just put mara on there. There we go Actually, can I just go back to normal? You can please go back to the camera Oh, it's so good so much better. Oh, it's so much better So at the point if we did it like this Um If we did it like let me let me show you hang on hang on I'm just gonna have to do this and I'll just share the chart with you 30 seconds here folks. Oh, we're going back into a webinar Yeah, we're gonna go back into that posty posty Don't pump your crypto. Thanks, Brian. Oh guys. I I um, I may have said this but I definitely want to make sure this is very clear Brian is our tax guy If you guys need any help with tax and how to save money from going to uncle sam or figure out how to just understand everything Dude, we definitely have a section on our website where he can benefit you Uh, so, you know, he's a wonderful trader in his own right. He learns how to save himself money every single year He's a he's a wonderful cpa. Uh, definitely reach out to our tax guide trader tax cpa, which is brian raveira Um, he can he can definitely get you started to help you out And we also have a section right here watch this video If you need help with taxes and I will go as far to say That if you are a trader who trades a lot and you're a scalp scalp scalp scalp You need brian by the end of the year because dude things like waso rule will rape you if you don't have the right account So just want to make that very clear. What's up, brian? So that chart right there is a chart of mara Okay, this is where this is that float rotation script that they're selling out there on twitter for like 50 or 100 dollars Which is free. It's free for all m i c members um so What this says is uh At and this is a great explanation of float rotation is If the shares float is 18 million, okay At the time of this right here where this plots this line that means that there was at least 18 million or more Volume on the day and then this line it did another 18 million and then at this point in time It did another 18 million and this point another 18 million so At those points Yeah, exactly perfect. There we go. All right. I'll move my I'll get my writing off of there So at these points in time The number of shares traded on the day is 18 million and then the next time that it reaches here It's 36 million and then the next time here. It's 54 and then 72 And so that means it's rotated its float multiple times which is indicating That if this thing is not dropping And the number of shares trading continue to rotate the float There is an incredible amount of demand If it's not dropping and the supply is still there, there's an incredible amount of demand which is part of what we teach here um Is demand supply versus demand and how that works and how you can protect yourself and how you can take advantage of that stuff so Yeah Dude, I love it Uh, let's see didn't skip anybody's questions greg Greg on youtube said education is good and then said what the hell you skipped my question. I said no Greg didn't ask a question again, brother. Yeah Hit that question in there. How much is the maximum? Yeah How much is the maximum you guys are willing to pay on a locate? Oh, I I my comfort zone is always point zero four. I really don't like more than that I'm gonna give you guys kind of like a little equation if it's a simple red day, man, dude Yeah, if it's first red day, that's a different story, bro. I've paid like 30 cents a share for first red day so one Percent Less than equal to 1 Of the price It's a two dollar stock. I don't want to pay over two cents a share And the hieroglyphics have emerged. Yeah, I know price didn't come out at all So that that is my little that's like kind of like my my judgment Is uh Oh, did wait did greg ask a question in webinars and we just missed it Oh saying it on youtube. Was he a member? Yeah, greg keen. Yeah, he's been a member Been a member before I don't know if he still is but Am I crazy? I don't think I missed it Said something about stop loss Uh, he's been a member in here before and I I don't know if he's he still is uh, yeah, I still Yeah, just tell him to repost. I think I'm missing it. Yeah, just repost it man. If if yeah, sorry I can't find it just post it on youtube or post it in chat Uh, we we must have been talking about uh, Rolexes or something Yeah, uh, would your strategies work with a $10,000 account or do I need over 25k 100 000 they would work, but you need the right broker yep Couldn't agree more If you're not into a trading and And stuff like that, then that's where coming into a large cap room and learning options could be a big benefit to you boom Because you can use a smaller account and grow it and use the same m i c strategies Yeah, guys, we don't have golden secret indicators out there man where it's only designed for $50,000 accounts We teach you guys how to trade whether you have a $20 account or 20 million. It doesn't matter It's it's everything is going to make sense once you understand Um the secret indicator by the dip Dude as pertaining to big caps, I couldn't agree more real for real. Yeah Dude, so I gotta know. Oh, no never mind. Sorry questions are still flowing. I'll get to my question for you later, but um Oh, yeah, I can do that 1 percent of share price so this is kind of like equals fair locate cost so It's like everybody's like, well, what's a fair price To pay for this car. What's a fair price to pay for this house? What's a fair price for this? What's a fair price for that? My thing has always been one percent Is a fair price for any old day trade if it's like a bread and butter setup like a first red day death lines, it's like first green day that would never happen because it's a long But on the short side any setup on the short side for me I will go over 1 percent when it's like bread and butter because I I I know What I want to make but if I'm just scalping That's the max I'm gonna pay like if it gets over that if it's like a two dollar stock and it's like four cents a share That's when I have to ask the question Is it easy for me to recoup that? Do I see an opportunity to be able To do that market order locates Just wake up and order all of them Where's your market hard stop bro? Look at brine's like he's had he's had two cups of tea today two cups of tea. He's the liddy. Oh jesus Uh Okay, what's next here when you say short vwap pushes is that forum underneath it? Or above breaking down through it in pre-market question is for you tosh Say that one again so When you say short the vwap push is that shorting When the stock is underneath it and bouncing to it or Sorry, is it from when it's already underneath it like hepa here or Is it after breaking down through it and then shorting the push back into it? Which is the better scenario? Let's keep it real simple Uh a stock that is trading very two things a stock that is trading very far from pre-market highs And very far under vwap and hasn't been close to vwap for I'd say at least 30 minutes From pre-market to the open At least 30 minutes to an hour if it hasn't even toyed anywhere around vwap and is way under Vwap is your desired entry now Based on room to scale, which I always give a lot I will usually get to vwap and then always and this is a secret trick of mine that you can take for me If you want you get you have stealers you little thieves you but I go to the next top always And the base of the candles so if I'm scaling vwap, I'm scaling to right here So anything above would be my stopout point. I'm not going to go to here because dude that'd be that's like that's like over a dollar But when the setup looks like this I talked about this in the last one And I'm just going to add to this real quick Is pay very close attention to this hill right here in vwap When that hill is there what this means is that's the highest average price of everyone out there So this becomes a this becomes a level within itself Even if candles don't matter This is a big psychological level which the stock can do something like this and you'll see A lot of volume start coming in where it's like this is like that over under situation Where if it gets close to here, you may want to start scaling here adding here stopping out here Carry on Joe. I love it, but it's as simple as that guys. So again, you know Um We have certain, you know setups at m. I see this isn't even one of our proprietary training steps This is kind of like a joe and tosh kind of favorite actually Yeah, this is just our little how we trade vwap. Yeah, literally And and i'm a big vwap trader like I am always placing on vwap So like again like just to show you kind of what I did there and a little secret sauce is Um, even though there is no secret sauce and we're all in the matrix, but what was another one? Secret sauce is by the dip It's as simple as by the dip. So right here guys again, if I'm scaling vwap I want to go to the base of those candles and it coincides with a whole dollar number shocker. Yeah. Oh, yes I like that. So yes, this is a little far. I'm more just i wm Is that again, joe? Is that the i wm? What? I am v dude. Oh, I am v. Can you believe this bad vision? This is disgusting, dude. Yeah, like it's tiny on my screen. Sorry. I'm gonna move that over here. Honestly, I probably would even start at 6, dude. Yeah, okay. Yeah, I am v. I see it now and then arpo Let's just show the opposite we'll show the inverse Is this was bounced around vwap as me and joe talk about a lot So because this was opening very near vwap. Yes, it was far from pre-market highs So it's definitely a short but because it was bounced around playing ping pong. I am expecting it to get to here Or i'm not shorting it. I don't want to hit it vwap now again If you would have hit on this little pop today, yeah, you could have made some money But I wouldn't have been comfortable to do so and again everything boils down to a comfort level So if i'm shorting starting where the previous tops are which is right here see how it's bouncing around this level I am going to the base of the candles. That's where i'm scaling up to Second question from that guy regarding this explanation is would you change your mind if it's grinding up or or Going straight up like a spike towards vwap. Okay, two part two part It's a good question, but I always hate this question because of one thing Dude trading is as equal as much as feel as it is a science And it literally depends on the ticker man. I I hate grinding action usually but some dude when it's literally like I am v dude. There's no grinding action. That's gonna save this. This is It could fucking grind all at once it could pretty ricky that son of a bitch all the way But it ain't gonna help it I mean, this is this is a don't matter This is a hundred percent dead, but here's the thing man. There are grinders where where grinders There are grinding stop grinder. Oh my god. That's just it's not this dead and honestly bro I don't touch it. I don't because it just doesn't feel right man. So again, it's a good question I just hate the question because it's it's so much desired for your comfort level and honestly what you're feeling Outside of all the criteria all the setup all the backtesting sometimes man, you can just feel an agenda, dude Yeah, one thousand or or a huge buyer, dude, you can just feel an accumulator. Yeah, I like to look at Uh go to finvis for imv Yeah, am I still and I'm gonna ask another question while while this oh, I am sick and go to finvis for imv. Um If I put 30k in cobra, do I actually need to use uh, do I actually need to only use 3k because we have to have a minimum of 27 No So if you put 30 grand in cobra You're just gonna have to keep over 25 in the account if you drop under 25, you'll get flagged for pattern day trader And you'll have to wire in the money in order to get back over that amount. So Yeah, um I think 27 is their minimum. Yeah, 27 is about as low as they go Yeah, I would always recommend if you can afford 30 put 30 Uh, and if you only had if you have 27, I mean, I would I wouldn't tell you to not open an account But I would really advise waiting until you have 30 to open an account because the the mental Battle of only having $2,000 of padding From being a pattern day trader is like Oh, that's a son of a bitch Get get your life right first, man If you look here's the thing if you are putting yourself in any form of Comfortability because it always comes to comfort zone. You are not going to trade right. So if you are the guy that's like, dude I finally did it, man. I got 25,300 dollars together. I'm opening up a cobra. Guess what? Don't open up one one platform fee and you're under Literally you're not going to trade right because here's what's going to happen because you need a minimum You're going to pretend like you have 300 dollars in that account Yeah And you're gonna it's gonna basically be like trading a 300 dollar cash account. Dude, literally That's setting yourself up for failure. So joe's right, man. Joe's right If you want to, you know, make the switch to something like cobra or something They're the best option, man And but but until you're at about like, why do you think cobra has a 27,000 minimum, dude? They don't yeah, they set that up for success. You know what I mean? Like they set that up so people don't hit 25 grand Yeah, and guys they don't want to want to make the call They hate making that call I've sat in the office with chad and he's like, dude, I fucking hate calling people that fall under PDT He's like, I hate making that phone call because it never works out. Hell. Yeah, it never works out What happens is most of the time you've ran out of savings. You ran out everything else You've literally scraped every penny up off the ground Everywhere that you possibly to come up with 25 26 grand 27 grand And then boom you fall under PDT and you have no savings to put it back Sorry, I was gonna say something on imv now. Oh, yeah. Yeah, let's let's get to that. Okay. Um, so we were talking about that contrast of Grinding versus spiking action My thing is I will pay attention to this right here If it is institutional ownership pretty high And market cap fairly large, you know, that's gonna mean that institutions are gonna do everything in their power to save this stock because they have a vested interest in the outcome And so they're gonna grind it back with an algo or anything else You'll start seeing big bids flash And they won't let it drop this happens a lot in big caps when there's like a really bad PR that comes out and all of a sudden the market reaction is real shitty But I'll go fuck market and then it'll just be like boom algo's right at the market open And they'll just grind that shit back all damn day long because again guys remember as retail traders We have a serious edge During a certain time when in the first hour of the open when algos are not like bum rushing you all day Because the retail traders are literally overpowering it, especially in small caps But here's the thing dude The there are times to trade and there are there are things to trade So when something may look like this or dude, maybe institutional ownership is 40 percent Maybe this is a higher market cap. You just know that the edge is a little bit You just know they're gonna try to fuck the shorts, you know what I mean? You know, they're gonna try to grind them out. You know, they're gonna try to put it back up So for sure. Yeah when adding To a position, do you calculate a new average in advance? No Oh, no, no, no I can't do that type of math on the fly and if you can fucking you shouldn't be trading You should be running some kind of accounting firm Yeah, if you can calculate averages in your head like positional averages Like like that and be act and be right. You shouldn't be trading You should be running a firm like an actual like accounting firm. You should be you should be like A comp a comp trailer. Yeah. Yeah, for sure. Like Don't fuck with that. You don't need to do that Oh, man, do you teach do you teach options for day trading or swing trading? I'm asking because I'm only interested in day trading in and out. Yep. We teach both Hell, yeah Would you change your mind if it's oh wait, that's the same question. Whoops Tosh, do you ever play the first resistance short without it getting to your lines? Do you ever break your rules, Tosh? Do you ever break your rules? Let me ask you that question Do you ever break your rules, Tosh? Hell, yes No, here's the thing then. Here's the thing only if she asks nicely. I am always waiting For my lines. There is one exception to make me a reactionary So here's the thing. There are two kinds of traders, right? There are the guys who preset orders and limits at lines, which I do There is one thing that's going to make me trade on the fly and that is a death candle So I've made that very famous in the past or talked about it, you know a lot during these webinars If you know if imv is trading and it doesn't make it to my line Say it doesn't make it to whatever I wanted in the morning. I would have probably hit 650 Say it doesn't make it to 650 say it makes it like 620 and then Rockets and I mean rockets back down I will hit a pop after that because that is weakness that I know I can skill into on the next pop with a Predefined risk of the top of that stuff death. Oh myos dude. Myos here. Check this out That's actually the next question. Can you explain myos short today? It happened quite a lot. It's happened quite a lot lately So before you go into the myos explanation, let me just say this really quick Another question is it seems like this site is not for beginners Rather a platform that is for traders that have a moderate understanding of trading Let me explain there in these q and yes in these q and a's We will get into trading questions. That's the purpose of the q and a's is to ask trading related questions So if you have trading related questions, please ask also Since there is a feeling that it's not for beginners. That was the purpose of the trading basics course Which I I put together over the last two years And that is also the purpose of the accelerator course It's to get somebody that has zero understanding. You literally don't need to know anything You don't need to know you don't need to know a single definition You don't need to know what a stock is what anything is. I will teach you from the ground up Knowing absolutely nothing Start to finish. Okay. Let me that's what the accelerator course was for Joe, let me let me say it like this because that that is a good question Number one I can say without a doubt and I just I just know this because I've been trading for seven years And I've been in every room possible before we created m. I see for god's sakes There is no better room for a beginner trader specifically but within this realm If you hear us talking about stuff moves and institutional ownership and all that you have to understand whoever asked this question You know whoever may be thinking about this question You are entering a new career field. What do you expect it to be it easy? Yeah, there are things you're gonna write down what you know You got to write down the terms that you hear like you hear stuff moves. You hear death candles. Okay. Take notes Write that down. I mean write that down. They go ask questions the things that we have in place Oh, yeah, this dude m. I see is a university literally for trading, but here's the thing When you start Dude, it's not going to be you're not going to understand everything in a day But here's the thing look look if you're a brand new member The first thing you do is you open up the m. I see starter pack. What is the starter pack? Oh lingo of everything we're talking about right now Oh, then going into how to read a candle how to read the bolusher bearish reversal pattern How to read a double and triple top anything a stuff move, you know, dude Literally what we're talking about right now that we have a whole section on stuff moves. Let's go into myos Let's show the psychology of what this is and why I hit it at VWAP today Myos and not not big because this was like dude. I was scrambling like I was so bummed that hepa and imb didn't pop I was like, all right, then myos made me a reactionary trader I was waiting for something like this then it happened. It didn't pop high enough. So I didn't get much But here's the thing you have a stock that's going up up up This is strong. This is not something you want a short man. This is pure front side This is what we teach in m. I see process of dude. You want to be a short seller on weak stocks You want to hit the hepas the imb's the AR what is it air po or some shit alpo? Yeah, but When a myos comes and it puts longs in a situation of oh, dude, I got a bail That's this moment. You can hit pops I am willing to chase these a little bit because this is like one of my favorite setups I mean, you have to thank dude. You're a long buys trader and then this candle happens You're really scared now and that's what happens. It's sold off and this was the start of the end I didn't think we'd get this kind of decline But because I didn't get a reshort up to I was waiting in the 270 level for a reshort like around this time But of course, dude, this is identifiable. So this was that moment where you go Oh, I am now a reactionary trader. It just happened. Boom. I'm getting it on a pop It's kind of like a it's kind of like a last minute kind of thing, but it works if you know what to do Yep, you're waiting for the stuff move Two-way, I'm here. We can start now great Let's see sometimes you can Sometimes you can still get a great entry a few cents below your initial line Yeah, you know, sometimes you can stay you can you can take a little fomo starter So here's how I do that and that's a great question. HEPA these are the lines I'm waiting for right if it would have made it up to 490 Depending on the feel of the stock. This is half feel half science If it felt heavy if it felt like someone was putting on, you know, a big seller or a big short, you know Big things like that or someone's, you know, not accumulating them alongside I may start in it 490 with the intention to scale up But I will go much smaller than what I would have hit at VWAP had it made it Yep scaling is the key guys scaling your positions Are your risk-reward scenarios based off patterns or do you have a golden risk-reward ratio? There is no golden risk-reward ratio. I am always eyeballing it if Here's what I here literally do this is what I literally haven't calculated risk-reward in months Like I just trade the level and I know the risk and I don't I may go back after the trade and been like boom Four to one son. Yeah in the middle of the trade. I'm just like, please dear god. Don't stop me out Guys I'm gonna show you a cool trick guys check this out If you are ever wanting to gauge risk-reward, I want you to do what I do do the do this one thing Especially if you're a beginner. I need you to be a visual learner Draw a line at the highest the stock has gone. Maybe pre-market and or intraday Draw a line where the move started where I mean absolutely dead bottom Then draw a line where it's trading at that's how much meat is left on the bone and I mean 100% of the meat and you never get a hunt. You know what I mean? Like you almost never get a dude We used to get them to where they faded red on the day, but that doesn't happen anymore. Seriously So this used to be my favorite fucking pattern And you just hold it until it goes red on the day and that shit would end up like minus 10 red on the day And it was like plus 30 percent So back in the day, dude, it would have would have broken this line and gone into the volume Oh, yeah, it would have been 350 by the close and it would have been yeah, but nowadays now Because everything gets bought up guys in the Robin Hooters. Yeah, dude. Edson knows man. Yeah Old days. Yep. All you need to do is blindly short anything within this realm and you're good Dude that that was my favorite pattern, bro Is just you just short the morning push on this setup and hold it till it's red Here's the thing with pumpers through and through in this industry This is what I do every single morning and to calculate risk reward and I just eyeball it. I go Here's the top of the move that it reached to here's the potential Uh, it's broken down. Here is the absolute dead bottom. Here's where it's trading it Oh, wow, even if I top ticked and it was perfect This is all I can make and that's asking for a lot. This is technically where it can go Now if I'm hitting something at VWAP I have now completely Put a lot of got a lot of room to make a profit dude. That's that's at least Like a I'm telling you man. It's just you just got to eyeball this shit, dude Where's the risk reward if you're shorting right there? Yeah Dude just not a lot where the like eyeball, bro Yep, like I don't even know like I'm trying to make it as layman terms as I can literally Yep, I have yeah, so to answer that there is no word. There's no golden risk reward ratio. There's none, dude Does m. I see offer a course with the monthly membership at least with the m. I see proprietary strategies. Yep That is in the traded basic series that is in the trading fish academy that is in the video library There's you know 800 plus videos in there Many of it is live market recorded action with commentary on it. Yep That are that is available to monthly members. So and the the accelerator If you want to catch yourself up to speed super fast Then um, that is going to be the recommendation. I would Yeah, I would go with Go to hell. Yeah question for low hanging fruit setups Do you wait for the open for a potential spike or do you enter pre-market? Sometimes I wait for the market times Yeah, sometimes at 70 a market times stocks tend to spike and never come back at the open. Yeah, that's the nature of trading Well, this is this is literally one of those ones that it's just a dead dud. It's a dead dud like yep. Yeah, it's waiting for um I'm waiting for Yeah stuff like that. Yeah, I personally um In my trading have always found that When I would Take an entry during pre-market I would almost always have an opportunity to get back in at that entry or damn near it with a better risk Definition after the market opens. Hell. Yeah. So there's rare cases and for instance when I'm in pre-market I can't go look at other stocks either Like I can't build a watch list like I'm just glued. I'm glued to this stock. Please don't spike. Please don't tank Like I'm just glued to it And so I don't like trading pre-market and I never will I think I don't man I'd rather I'd rather miss a whole day of trading than try to trade for more I would too. I would too and I there's it's the same thing with after hours. I would rather trade I would rather only trade during the market hours than I would never want to trade after ours I'd never want to trade pre-market. I just don't like it. I don't like the action We sound like we sound like 10 year old. I don't like it. I don't like it Uh During pre-market how to differentiate a late print versus the 8 a.m Volatility of TOS versus DOS Yes, have TOS versus DOS. It's TOS clears up those bad prints Many times it will yeah not one bad print in HEPA and in on DOS And there are no there's no 8 a.m volatility prints. It's always late prints It's just late prints. There's no different prints that happen. Those trades did not happen. So They may be happened earlier, but they are not happening in that moment And the candles get all fucked up. So yep Yeah Got one here. Sorry for asking again any comments. Oh, did I miss any? I might have missed any hold on I don't think so. I was yeah. Nick was asked about sr. Any. We'll definitely cover that Um That was just a grinder man. I've looked at sr. Any several times There's there's some kind of there's a catalyst. I'm sure it has something to do with coronavirus behind this sock and so I'm I'm not shorting it. I'm not Um trying to pick a top in any way shape or fashion. It's a damn grinder if there ever was one. Nick look at this So daily. Yeah, this is not what I'm looking at short man. This is strong This is very strong So yeah, I mean you can get a short out of this I mean look at look at today's action But again, it's like you technically could have hit outer lines Which this kind of was because it's going the tops like up to here up to you got to cut it at 15 Though because this thing is a grinder and there was a short on this today But this is not my setup man. This is just not what I like But it I will say it this way it trades really thick Does it really thick it is just gross on the short side Like it. Oh, I mean seven different vaccines. Yeah, it dude. They're they're I mean It's just that I don't I just don't recommend I just don't I don't I'm just I'm not into it. That's already Dumb thing. I'm not it. I'm not I'm not into it on the on the short side long side. Cool. Great If you're still in it fantastic. I know Tay is uh, I think um Toa I think our buddy cloud pd. Uh, clow poor rico The pr the pr man. I think he's long too But I know several people that are long and holding this thing and have been long for god knows how long Yeah, uh weeks I'm looking at daily charts like this, bro Yeah, exactly. I'm like, you know, I I mean Nick I ain't looking at daily charts like this, bro Yeah Like this Yep I want it to be a pile of steaming Trap and here is the thing the market cap of srne is 2.3 Or 2.6 billion. Yo, it's not a small cap It's not a small cap anymore This is this is like playing with the big boys now. Oh god. What are these one minute? Oh, I gotta switch this back. You like gotta get that. Oh god. I've been lucky like one minute. It's going on What is this nest cancel? No, just cancel that and then delete it. Oh god Oh, you removed your three minute your five day three minute. Yes, I did. I didn't even notice for a second I was like god, this feels weird Oh, oh, we're back. We're back It's all good now. Dear god Big pile of something In time we all know is this end but yep. Yep time wrong. He's dead since Yeah, it's That company used to be the biggest steaming pile of trash and probably still is um But hell the chart is the chart volume is volume price action is price action. I mean Let her go let her run It could it could do a codec Yeah, I don't know about that Look at look at I mean if this is when I see shit like this, man This is a camera company that said their flashes will like help the you know Corona dude. I'm just like anything is possible in the market man and people buy this. I honestly think Here's my thesis on on sr. Any is They're testing all these covet 19 programs to push their stock price up to dump shares To raise money for other drug trials that they are taking Way more seriously is sr. Any is nowhere close in the running as maderna And novavax so mRNA and nva x serna Is just is the redheaded stepsister that wants to be part of the gang. She's the third wheel on the date That's that's that's what serna is at my my thesis is they're just gonna grind it Grind it grind it grind it. Yeah, we're working on seven vaccines Okay, if you really had a formula that was working you'd be working on one fucking vaccine I was just gonna say when you were testing those strands Like you would be you wouldn't be working on seven Like that is just a pump shit fogo to chow man, right? Yeah, we're not here to get seven different types of meat It's a pile of shit, but piles of shit Although let's be real when you go to fogo to chow Even there you only focus on the pecan. Oh, right. Oh, bro. Oh god. Don't talk to me about that. I want that right now I just sparked the Texan and joe It it I'm like, yeah, it's an all-in-one test. Okay. All right. Oh god. Okay Yeah, one vaccine and seven different petri dishes. You want to know what kills coronavirus guys? I will tell you what kills coronavirus in a petri dish gasoline pour gasoline on it. That'll kill it It do it. It's like I never understand these drug companies with oh, it kills this in a petri dish Okay, you know, it also kills this in a petri dish gas I'm gonna tell you right now joe. We're gonna we're gonna inject your bottom. What? Yeah, exactly I mean edson said can't drink that of course exactly. So why are we caring about whether it kills something in a petri dish or not? It's stupid fucking chemistry Dude, I went to college longest time with pharmaceuticals in mind Organic chemistry and all that shit Every professor I ever met was like, dude, you can kill any virus in a petri dish Really is that almost anything it do think about it think about it Burn that shit like just set it on fire It's like dude It's the same. It's the same. You can kill almost anything in a petri dish and joe just created the next pandemic Yeah Fucking diesel gasoline bleach, you know if fucking comet Comet that cleans your shower can kill a lot of stuff Yo, then I'm long comet bro like I don't know if you've ever sprayed heavy duty oven cleaner and then got that shit in your nose and thought you were gonna die Yeah, you spray heavy duty oven cleaner on corona virus in a petri dish and it's dead like It's just dumb bro. It's just all the hard stuff shit. It's just dumb pump. It's all it is and Props to the people that can catch that stuff. I'm I'm in love with it But yo, I think you need to team up with elon musk and take us to mars, bro We need a brain like yours on the front lines And the cooking skills to match Right. Yeah, Quinn. I'm a chlorox man You guys are awesome. Oh my god, dude. We have two minutes. Yeah, we do have two minutes We have a lot of questions today. Let's wrap this up with If you didn't get your questions answered just text us dms do something I'm voting for joe kelly in 2024 Hit me up for promos guys two and three four five eight five nine nine seven the live event Dude, we got the accelerator course. We have wonderful deals right now in all packages of m. I see except a single month The single month stays the same but other packages we do Just hit me up guys. We'll get you in the club. We'll let you know You know every single week, man, we like to make this fun We like to make it kind of like a talk show and also just show that traders are just real people, dude We're just we're just here doing the damn thing trying to make some money clicking buttons every single day rinse and repeat Um, you know love on the community and then go about our lives man. That's what about that's what it's about So, you know, if you think m. I see is a great fit for you We'd love to have you and again you're gonna not want to miss this event man Even if you're not a member and you just pay the 97 bucks Dude bow is literally going to be live streaming and showing you exactly how he does what he's done for Years, this is not this is not a pump de jure conference. Okay. This is not a this is not a penny stock conference Where we go and give a couple presentations and the entire time that we're there our goal is to sell you something No, that is not the goal. You paid good money to be here in this Actual boot camp you paid good money and that's what You're there for you are going to be taught how to trade You're going to be able to watch Bow trade live Dude, I would have paid a thousand dollars To watch bow trade live bro. I I would have bro I would have given my car seven years ago. Like I would have done nasty shit Really nasty back alley dirty Oh man your thinkorswim and my thinkorswim in my ears Nice finish on the market three thirty two oh three you guys have seen bad santa, too Dude, I'm telling you just nasty things in a dark alley. I'm telling you bro. I mean I'm I would it would just been it would have been it wouldn't have made it on porno Like that would have been it would have been that nasty. They would have been like nope. Mm-hmm. That's that's banned And we can't show that it would have been I'm telling you man. It would have been It would have been rough and that's why I'm always like I've heard people that are like 97 bucks. I don't have 97 bucks right now. If you don't have 97 dollars right now. You don't need to be Trying to do anything you need to be in your life right if you look here's the thing And we got to be a little bit real with you and then we'll let you go If you don't have 97 dollars to commit to your education and at least see about education You need to get your life right before starting investing Then you just ain't serious about your life. That's just the reality of your life. Staying serious about it You just ain't serious about it. I'm telling you I dude. I've spent I've spent nearly 10 grand on educational content over the years. Oh easy and easy When I think about it, does it make me want to puke in my mouth? Yeah a little bit But do I regret it? No, not at all Not at all. I don't regret it at all because I because I've made plenty more than that to make up for it Yeah, exactly right man. Yeah, exactly right. It's I mean Bow hub. There's no there's no better. I don't even want to watch that category top tick. I don't even want to watch that The bow we are crazy that's gonna be him at the asian underground in San Francisco Joe always a pleasure, bro. Love you man. Yeah, buddy next week man guys. You're awesome Thank you so much for coming attend the live event hit me up with questions And uh, we'll do it next week man. Seriously. Adios. See you Joe. See you guys