 What's up everyone? My name is Alex. I'm one of the co-founders at 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, Tosh, 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. What's up everyone? It's Tom Diesel here. I hope you guys had a great weekend. Today Alex just released, you know, a podcast from James and Harry, did it, I mean, it was like, I think Thursday or Friday, it was pretty sick, you know, on how Baal started trading. So if you haven't checked it yet, go check it out. I just, you know, watched the part one and waiting for part two now, so it should be dope. Yeah. So back to today's topic today, I want to go over. I think, you know, this topic is pretty, you know, I mean, we've been talking about this, you know, Austin did a webinar on this, but I seem to find it, you know, like, I've been getting a lot of DMs from you guys as well, asking about the lines, you know, which one should I choose and also James did a video on that, how to draw a line. I mean, the concept is pretty much the same, right? But I just want to go a little bit and, you know, in depth today on how to choose the right line in trading, right? I mean, it all comes down to experience and screen time. The more you do it, the better you will get. And, you know, when you look at the chart, I mean, I'm not saying that, you know, I'm good at it. But, you know, for me now, since I've been trading around for quite a while, it's been a few years. For me, I'm looking at the chart now. I know which one it's likely going to work. So I just want to show you guys that so that you can maybe it could help, you know, your process regarding choosing the right line. And, you know, like I said, I've been going over this, you know, a lot. And but I still get so many DMs asking about this today. And also some of the questions from the weekend, like mentoring today. I did some phone calls with the members, you know, last week as well, asking about the lines and sometimes like they know the line, right? But they see they are still fee like kind of fearful of placing a trade because, you know, maybe they still didn't trust the process yet. Or maybe they see something on the tape, you know, the real time kind of actions, kind of, you know, scare them off a little bit. So I just want to go over that and, you know, hope this video will be helpful. And of course, guys, you know, trading is not easy, right? There's no A or B or C. There's no secret kind of, you know, niche or like, you know, secret sauce to it. It's all about, you know, trying to kind of improve yourself daily, even though sometimes the moves, something you see, it's so clear. But, you know, anything could happen, right? And I'm going to bring up some examples here and I just going to go over them real quick on something like MISD, I believe, yeah. This is, you know, on the technical side, you know, it doesn't make sense, right? I mean, that's I think this is the crucial part for you to see how trading can be. I mean, how tough it can be, even though you have everything lined up, right? The stock, I mean, I mean, drawing the line here, it's not that, you know, hard. I mean, you can see clearly the line is like nine, you know, if you want to give yourself a little bit room. So this is the outer line to me, nine, maybe stop out over this break of high, right? And that's what we usually tell the members to do. Like same thing in the pre-market, this is the line. This is the key line pre-market kind of day. That's usually the line I'm using the most. Okay. And as a short seller, I don't want to see this type of line to get broken, right? So breaks the pre-market, I have to stop out. Breaks the higher the way, I have to stop out. It doesn't matter where you get in, if you're chasing down here. I mean, yes, you know, the slippage is going to be pretty bad and you have to give the stock, you know, enough range for this is to be valid, right? I mean, I did the same video on that on the stop outs last week, how to stop out properly in trading, you know, based on the same concept over and over again. Hey guys, my name is Tosh Bradley and I'm one of the head mentors and moderators of my investing club. If you have any questions about getting started in trading, getting started in the MIC, MIC in general, text me at two, one, three, four, five, eight, five, nine, nine, seven. This is not a robot. It is me directly on the other end of my business line. And we'll get you in the club. We also have special promotions going on that I can get to you depending on your trading needs. Hit me up. That's the video. There's something I want to say in here. As you can see, MIS-T went from pre-market, you know, broke a new high right at the open. And it's like, it's being, you know, channel kind of trading around this area, nine to like eight. So pop up, pop, you know, pop up to nine, drop to eight, nine, eight, nine, eight, you know, something like eight, 60 here and then nine here. And then again, a slam, right? The moment it slammed, it tried to kind of grind out a little bit. And then this stuff candle, you know, broke this support. I mean, technically it's over, right? Anyone's longing here. This is the time for them to bail. Is this, you know, the big sign for kind of a trend change in the whole picture, right? Why, you know, it doesn't tank. I mean, it did tank a little bit. And then it just reclaimed all the way back. I mean, if you ask yourself these questions, like, you know, it just doesn't make sense to me at all, right? I mean, yes, that's what trading is really about. The probabilities, the only thing we have is the probabilities. Okay. So it doesn't matter what set up. I mean, let's say this is the death line, right? This is that line, that line bridge, you short all back to bounce. Yes. I mean, it worked maybe eight or nine out of 10 times. Yeah, don't get me wrong. I mean, that's the best probability set up that you can get from trading. Like Bao said, you can never get the 21 hand in trading. Never. The best you can get is that those 20 hands and we want to focus on that. Right. So out of, you know, eight, nine out of 10 times, I mean, that's, that's, you know, a solid enough strategy for us to kind of focus on. Right. And, and, you know, but at that, you know, 10 or 20 percent left. I mean, this is, you know, what is accounts for that move. And there's really not much you can do about it. I mean, even, you know, I know it doesn't make sense at all. You know, I would be short, shorting into this as well. You know, and then cover here. But, you know, this is all about risk management. What if, right? The problem here or the question here is you have to ask yourself, OK, so I have a good setup line in front of me. I saw that I waited for this. Right. I waited for this to crack before I get in. Perfect. OK. So, you know, I short something here on that bounce. Cover here just to pay myself a little bit and let the rest right. Right. But then, I mean, if you just stuck to that risk management part and you put the rest for the stop, you know, break even or whatever. I mean, you, you would have been fine. Right. But it's like, you know, the ego parts of us, like many of us, you know, have, you know, that kind of ego. And that's why it leads to kind of, you know, blow up and everything. When you, when you know something that you are so sure, right? I mean, this is, this is it, right? It broke this trend line and it's going to go down. I'm going to load the boat here. I'm going to be rich on all that. You know, you can tell, you know, all that yourself. You know, I've been there before. I did the same thing. My ego is just got so big that it got stubborn. And the moment of stock pops, it just kept adding, adding, adding, adding all the way up here. And the moment when I realized I was wrong, you know, it was too late. My, the max pain hit on, you know, kind of margin call or like, you know, close out to blow up kind of points right here. So just want to talk about this trade real quick. Sometimes it doesn't make sense. Yes. But that's trading what it's all about. That's trading. That's why you can never tell 100% what's going to be in trading. You know, you never know anything could happen, right? I mean, if I knew for 100% sure why I'm not betting everything on that one single trade and then, you know, make me rich, right? And then I'll be done with it. Or I just wait for that 100% kind of trade to get in. And then that's it. You know, I could wait for it for a month or two, whatever. But if I know there was a 100% chance, you know, trade that is working, why I have to take, you know, the 80% or 90% trade, that's such a probabilities game. I don't want to be guessing here, right? But guessing, you know, the probabilities, that's all the part of this game. You know, trading, that's all there is. So same thing with the line guys. I mean, there's no secret about the lines. It's just like the outer works better than the inner, right? That's what we're trying to do. That's what we're trying to teach you. That's why that's what we're trying to show you. You know, which line has the, you know, the best probabilities. And I got, you know, I got some of the questions from the weekend men mentoring today asking about low hanger. Okay. Low hanging fruit, right? I mean, I'm not going to mention names, but he said, you know, I put out watch list, Alex put out watch list, but we have some, you know, sort of a lines and 80 or 90% of the time it doesn't hit, right? Yes. But when it does, it's going to be really good. I mean, the point I'm trying to make here, the point and why I'm making a watch list daily is to put a plan out there for you guys to know. It's like, you know, for me kind of saying which line I think it's going to work the best, right? And because I know once one of those lines, if they hit, you know, plan is going to work. And usually you will, you know, not end up like, you know, squeezing you guys or something. I just want you guys to be safe. So I have to kind of choose the proper line. What I think is the best and with the best kind of probabilities and the best chance for it, you know, to succeed, right? Like, so let's say IVR, I put out the other day on the watch list for the low hanger. Okay. Let's say you don't see that, right? It was, you know, in the morning. Yeah. So by looking at this chart, you know, what line would be the best? I mean, I've explained it about, you know, on the low hanging fruit, how to scale into those. I always use the pivot, those two pivot, you know, lines. But like, you know, I could put out a line out there that it's going to hit, you know, I don't have problem with that. I could do that easily. Okay. So let's say the pre-market is like 1.7. I could, you know, tell you guys, or I put out the watch list out there for, for the line like 1.8 or 1.77, right? Chances are it's going to hit that line, right? If you want that line to be hit, I can put out there every single day, you know, that's easy for me. But I know if I put out the line, some, something, you know, if I put out the line like that, it's, you know, chances are it's going to, you know, end up squeezing you like most of the times. And so I don't want you guys to be in the, you know, kind of position that, you know, either way too early or like then there's not much midlife, you know, on that particular, like, particulars. All right, guys, so I hope this video is helpful. If you still need anything, DM me anytime. And I wish you guys, you know, have a great, you know, Sunday. So yeah, guys, so I'll see you guys on the next one. Take care. Thank you so much for watching our video. If 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.