 All right, what's up guys so today is Monday today is a losing day for me It has been a very long time since I had a losing day So I kind of want to talk about what happened what my mindset was and what I'm gonna kind of do to improve right so First things first is what happened on EYES. So if you look at the chart on Friday on Friday Towards 3 30 in the afternoon They pushed the stock up towards nine dollars and they just dumped it from nine all the way to five bucks, right? So any person that was long Lost towards the end of the day on eyes because the stock tanked. Okay, every single short got bailed out I saw people on Twitter and Instagram posting on the mess best. I made a hundred grand on eyes I made 200 grand on eyes. I'm the best but they don't show the part where they're down half a million dollars on the way up, right? So when eyes tanked on Friday, even I thought that the trade was over I thought that there's no way in hell this stock is gonna rebound because it went all the way from nine dollars to five dollars It tanked almost 50% in like 30 minutes, right? And that to me is a signal that the stock is over, right? And okay, if the stock is over and the stock tanks on Friday Obviously it becomes a low hanging fruit on Monday if the stock bounces So a stock tanks on Friday it tanks down We're looking for a dead cat bounce to short, right? This is a setup that works 95 99% of the time, right? But this is the time that it didn't work out and let me tell you why it didn't work out so this morning I woke up and Eyes was at eight dollars, right? So remember it closed yesterday. I closed Friday At five dollars it went from nine to five, okay? Nine to five and today pre-market. It's at eight So logically in my head I go back to the chart and I remember that bounce that if this bounces towards the eight dollar line in the morning That's gonna be a great opportunity It just so happened that that eight dollar line hit pre-market and it's early It's like six thirty in the morning usually not really many people are awake So I short at eight dollars and I covered it at like seven twenty and seven bucks So I made like thousand dollars in the morning nothing nothing too crazy and I thought in my head, okay? It works the stock was broken on Friday The stock rebounded to a whole dollar eight dollars And I short at eight dollars and it went down without a fight. So I'm thinking in my head Okay, if this stock rebounds again towards that eight dollar line, you know chances are it's probably gonna reject that line And if not I could scale to eight fifty and I could scale to nine dollars Which is where it rejected yesterday So I made a plan my plan was short at eight short at eight fifty and short at nine dollars Now what I didn't anticipate that was going to happen Was the abnormal amounts of volume in the stock today? So what you have to think of? Volume wise on stocks is how much demand there is if there is high volume on a stock That means that there is high demand on a stock You know a stock like eyes that trade is seven hundred million shares of volume on Friday is a high demand stock Right, even though it tanked even though it tanked at the close it still has people's attention Now what happened today? So all of a sudden it goes from eight dollars pre-market and then it goes down to $7 pre-market it kind of consolidates and finds its way back up to 750 Finds its way back up to eight dollars and now it's at eight fifty and now it's at nine So all of a sudden this stock that was at five dollars yesterday is now at nine dollars today and all the shorts that are stuck From the day before are now stuck even more now. I have a rule on these stocks guys This rule has kind of saved me plenty of times and it is if a stock breaks Above the previous days high it is no longer a short and you should be looking at it for a law So Friday The high of the day was ten dollars on eyes, right? So ten dollars was the high of the day on eyes and today pre-market it was at eight eight fifty nine Logically what this tells me in my head is that okay? If this stock breaks above ten dollars, which is Friday's high the shorts from Friday The shorts from today are all gonna be stuck The longs are gonna want to buy for that breakout higher and then we have a domino effect of the stock going higher So I kind of recognize that in my head, but for whatever reason I just really didn't even go along the stock It's you know, that's the problem that I have guys is I'm very Short-centric meaning I do very well on the short side and oftentimes I forget that I could buy these stocks too So in my head, I kind of recognize that you know eyes was not a short above ten dollars Friday's high and then what happened at the open is that the stock ramped up to eleven dollars Tanked all the way back down to nine dollars and now I'm thinking in my head. Okay It just showed us that the top is set It just showed us that maybe that was the exhaustion move and let me take a short I took a short very small size like two thousand shares three thousand shares and all of a sudden it jumps up a dollar All of a sudden it halts up two dollars and now in the blink of an eye You know this small scalp turned into me losing like six grand and like Literally like two minutes like actually something something so bizarre and I'm thinking in my head now like shit You know, what am I gonna do? Like I screwed this up. I knew it wasn't a short I should have just followed my rule and said, you know stock breaks above the previous day high It's not a short. Why am I looking for trades? Why am I doing this? Why am I doing that? And then I thought to myself shit. It's Monday, you know, this is typical Monday FOMO syndrome, you know a rule of mind was to not trade stock if it broke above Friday's high And I got too confident. I got too cocky. I got too comfortable You know this year Three months into the year. I'm up a million dollars last year. It took me all year to make a million dollars I'm doing very well on the year and you know, I could have played the cushion game and I couldn't say, you know I'll fuck this. I'm up so much money. I'm just gonna add I'm gonna add I'm gonna add but what I'm most proud of today guys is that I just took my loss like a man You know, it doesn't matter if I lose a thousand dollars It doesn't matter if I lose ten thousand dollars, you know, it still hurts the same way But I had to remind myself that the worst losses as traders come from when we are the most confident, you know I'm at them. I was before today started. I was at the most confident I've ever been in my trading because I'm making fucking 50k a week I'm making a million dollars in three months, you know It's normal to feel confident and I remember and I remind myself that confidence is what leads to the most amount of losses, right? So rather than fighting today, I managed my risk. I gave myself a number I said, I'm not allowed to lose more than ten thousand dollars on this stock today, right? And the reason why I chose ten thousand dollars is because that's pretty much my daily P&L I make anywhere between five to ten thousand dollars a day. So I say, you know what? I'm not allowed to use more than ten. I'm not allowed to lose more than ten thousand dollars today And you know what when it hit that number, I was like, that's it. I'm done for the day. You won good for you You won the battle but tomorrow I'm gonna come win the war and that's something that's very important in trading guys We need to remember that in trading There's gonna be certain things that we could do to make sure that our losses are kept under control because in trading It does not matter how much money you make I could teach someone bow could teach someone James could teach someone how to make money every single day The problem is that most people don't know how to keep that money in their pocket because they start gambling So let me give you guys some advice that helps me and that we have kind of back tested that we know works Number one is you need a max size on the day It doesn't matter, you know, let's say the max size of thousand shares, right? You need a max size at the broker level. So you need to call your broker and say, hey I am not allowed to use more than a thousand shares on the day And they are going to lock it so that no matter what you do you are not allowed Oh shit game stuff is going to 190 no matter what you do You are not allowed to use more than that size. That's number one max size at the broker level Number two is max loss at the broker level. So let's say you make a hundred dollars a day or two hundred dollars a day Go to your broker and tell them I want you to lock me out Whenever I'm minus two hundred dollars on the day that way you are not able to physically lose more than one of your Day's work, which means that you'll be able to make it back the next day the problems happen when you start to spiral You know, whenever you're in a loss, you guys know that feeling you guys know the feeling of being a deer in the headlights You guys know the feeling of just I'm gonna wait it out. I'm gonna wait it out. I'm gonna add I'm gonna do this I'm gonna do that and I've been there so many times and I've blown up so many fucking accounts by just waiting it out and losing all the money in my account. So now Max loss at the broker level So as long as you have a max position size at the broker level and a max loss at the broker level There will be a ceiling to your losses every single day You will not be able to pass that ceiling and that'll make sure that you keep the money in your pocket because for example if you make a hundred dollars a day, right and you make five hundred dollars a week and you let one $1,000 loss right you let a thousand dollar loss kill you now you just lost two weeks of work and Most of the time if the stock Surpasses that max loss level that you have in your head that you have at the broker level It's probably gonna continue to fuck you up even more, right? You know how many times in my trading career that I said if I just had a ten thousand dollar max loss This would change my life. You know how many times I've lost fifty thousand a hundred thousand two hundred thousand dollars in One day that if I just stopped at my ten thousand dollar max loss I would probably have another million dollars in my bank account and that's something that I want you guys to understand before it's too late So if you take one piece of advice from today's video It is that you need to call up your broker and set a max size at the broker level and a max loss at the broker level To protect you I have my max size and my max loss at the broker level There is going to be a ceiling every single day that I cannot surpass if I get to those levels, right? And that is what's going to help you and that's what's gonna help me today, right? So yes sucks. I lost ten thousand dollars eyes killed me went from like eight dollars to fifteen dollars in like two hours And yeah, most of the time like shit I'm gonna make money on these setups, but the one or two times. I don't make money I don't want to lose a week's worth of work I don't want to lose a month's worth of work and I don't want to lose a year's worth of work You know, what would have happened if I start to say, okay? Fuck this instead of using three thousand shares on eyes. I'm up a million dollars. I'm gonna use thirty thousand shares on eyes I'm gonna just keep adding to my loser and then maybe I'm gonna use fifty thousand shares Okay, what happens if the stock goes to twenty now all of a sudden my ten thousand dollar loss is a two hundred thousand dollar loss And I'm just like what the fuck did I just do here, right and all because of my ego? All because I'm not using a stop, you know today. I screwed up two guys Why did I trade the hot stock of the day? I was so confident I am so confident in my trading now that I thought that I could go and slay the dragon myself and Bow says it the best way in all of these movies the hero always gets slain by the dragon, right? So I don't want to be the guy that's fighting the dragon I don't want to be that guy that's going after that I want to be the guy that goes after the girl after the hero is dead as soon as the hero is dead and the girl is all Upset and she's alone. Let me come in to swoop in for that, right? And that's what a n cn was today. That is what tesla was today, right? So a n cn guys was a side stock of the day So as eyes is taking attention as eyes is taking attention a n cn is the side stock This is the stock that not a lot of people are looking at this is the stock not a lot of people care about and to me That is the best opportunity of day because if a hundred people are watching eyes then ten people are watching a n cn There is less competition There is more idiots and that makes it easier for a guy like me to be able to win So pre-market if you go back in MIC chat, you could see that both bow and I agreed that $50 and $7 were the lines to shore on a n cn and let me give you a secret guys if bow And I both agree on the same lines Nine out of ten times that trade is gonna work, right? And that's kind of where the tab program started, right bow and I would share lines together We would talk about which stocks we like the best and if a stock that we both agreed on Had the same lines We will both trade that with the most amount of size because that confirms both of our ideas Whereas if he liked the stock that I didn't like and I like the stock that he don't like Meh doesn't fucking matter, but if we both agree on a stock. Oh my god. That's the best one So a n cn you could see that as eyes was getting attention as eyes was losing attention This stock was going crazy 650 and $7 hit perfectly and right now the stock is trading at 527 So you could have made over a dollar a share had you just focused on that stock So you focus on a n cn you make your money here You ignore eyes you lose no money there all of a sudden you make a shitload of money And that was my mistake guys. I went to slay the dragon. I was too confident I was too cocky and that just goes to show that we are all human. I am not perfect There's gonna be plenty of days. I lose I might fucking lose again tomorrow But you better believe that I'm gonna make sure that my losses are under control And that's what gives me the edge in this market, right and Tesla Tesla was a trade out of the watch list We wanted to go Long as soon as it broke above green Anticipating a market bounce and I was able to make like ten or twenty dollars a share But I didn't really have any size because I was getting clocked on eyes So this stock eyes took my attention took my money took everything Whereas all the other side stocks all the good stocks on day I screwed up on and you know what? It happens. I'm okay. You know ten thousand dollar loss sucks Don't get me wrong, but you know, it's manageable I can make it back tomorrow, and that's what you need guys need to understand So set a max loss at the broker level set a max size at the broker level Come back to me a week later and tell me how much it changed your life So do you guys have any questions on that if this makes sense? Leave a like on the video and let me know if you guys have any questions on that before I move on And let me see what the fuck is going on with this game stuff It's amazing to me that many people don't watch these videos you know we get like a thousand or two thousand views on these videos and You know blows my mind because we're basically giving you guys all the advice for free Yet all the pumpers all the frauds all the fakes are getting ten times the amount of videos and just reminds me guys There's so much dumb money out there if you guys found this YouTube channel if you guys found the MIC consider yourself as lucky Because eventually they're all gonna come here Eventually they're all gonna want to learn and the quicker and the faster you guys educate yourself The less time there will be in between that there will be a learning curve guys So I'm proud of you guys for being in here even though we only have 300 live viewers Although this video is probably gonna get like 2,000 views. I know of those 2,000 views you guys are going to be Successful and you know we are here to help the masses and that's gonna take some time But if we're even able to help one person put their max loss One person set a max size on today's video. You know what? It's worth it, right? So let's talk about NFTs, right? So I've been getting so many questions about NFTs, right? It's like it's like the Bitcoin thing all over again. Should I buy Bitcoin? Should I buy Ethereum? What's the NFT? Should I buy it? So let's kind of talk about that very quickly. So what an NFT is a non fungible token Meaning it can't be replicated. So what that means is basically think of these as digital art or digital collectibles So imagine instead of having the Mona Lisa framed as a physical photo you own the Mona Lisa in digital Bitcoin crypto world code, whatever it is, right? And let me kind of explain why that was so important and what the hell happened and why this is so hyped up, right? So over I think it was like last week or last month Logan Paul was opening up a bunch of Pokemon cards, right? So apparently Pokemon is like the hottest thing in the world right now and he had a Pokemon booster box That was worth a million dollars and he was auctioning each one of the packs inside the booster box for $30,000, right? And I'm not gonna lie I was a little bit under the influence of maybe some alcohol in Miami And I had a really good week and it turns out that all of a sudden I started bidding on these Pokemon cards and I told myself that the most I want to bid on these Pokemon cards is about $20,000 and it turns out that I won three packs for $33,000 each and all of a sudden I owe with Logan Paul $100,000 with a $30,000 Auction year fee and you know, I thought about it for a second I said do I really want to spend a hundred grand on Pokemon cards and then I talked about it And you know, maybe we said you know, we'll buy one of them and we'll do like a video and this that and long story short I decided not to get any of the Pokemon cards. I decided not to pay for it. I told him I'm broke I told him I have no money. I told him sorry I can't pay for these hundred thousand dollars of Pokemon cards and they got kind of pissed about it But I just kind of like disappeared So anyway when Logan Paul opened up these Pokemon cards, he also was selling an NFT he was selling an NFT for One step for one Ethereum and at that time the Ethereum was worth $2,000 so he sold about three million dollars worth of NFTs in one day and Then the entire fucking world went crazy. Oh my god NFTs NFTs this guy just created a digital currency and from nothing it cost him zero and you made millions of dollars blah blah blah and Now everyone's talking about NFTs, right? And The way I think about is like digital art. Do you want to buy art in the digital world? Do you want to do this and that and to me guys? I think this is a bubble, you know, I might be wrong I don't really know what the hell is going on with this stuff. I think it's gonna be a bubble I think that just like Pokemon cards and just like baseball cards, you know The Charizard is worth half a million dollars and every other Pokemon card is worth like two dollars So in the NFT world of like art and all this bullshit There's probably gonna be a couple that are gonna be worth 10 20 50 hundred a million dollars But 99% of them are probably gonna be worth trash, right? It's just like these alt coins in the crypto world Bitcoin and Ethereum are the ones that people want to talk about Ripple is fucking trash doge coin is fucking trash everything else is fucking trash, right? And that's something that you have to keep in mind for these things. So When it comes to NFTs, I don't think you guys should believe the hype I think that most of these things are gonna be worth nothing the 1% that are gonna be worth a lot. I Don't know what the hell is gonna happen, right? I don't know what the hell is gonna happen And I've any questions like can you day trade these NFTs? Could I just buy a fucking piece of art and then sell it to some other fucking schmuck that wants it more and The reality is I don't know. I Don't really care It doesn't really matter to me But if people are just messaging me about it, it reminds me that The crypto craze is even crazier than ever There's a lot of people that are believing the hype and just like the hype of Bitcoin and all these alt coins faded off and then came right back Maybe the hype of this is gonna fade off. Maybe when the hype Fades off there will be opportunities to buy these NFTs, but as of now At the height of the hype. I don't think it's the time where you should guys should be buying or caring about it So that's just my two cents. I'm not a crypto expert. This is not investment advice I'm pretty much half retarded, but this is kind of what I think and these are this is because I've been getting so many DMs about it and Yeah, so we could talk about Pokemon cards. We could talk about anything Maybe I really quickly. Let me show you guys the invoice of these Pokemon cards Find this really quick. Okay guys, you guys want to see? Yep, not fun. That was not fun But yeah, that's what happens when I start drinking in Miami I start bidding a hundred grand on Pokemon cards and I ended up winning I Had people like Tosh telling me yo buy it buy it buy it You're gonna make so much money if you buy these Pokemon cards motherfucker. So that's it guys Also, I guess now that you guys made towards the end of the video We're running a special promo for MIC So you get to get your half you get to get your first month half off So it's gonna cost you ninety seven dollars to join We're gonna be running this promotion until the end of the week So if you guys want access to this promo if you guys want to get your first month half off at MIC Text Tosh at two one three four five eight five nine nine seven and he will hook you guys up with a link Other than that, I think I'm going to wrap it up for today If you guys have any questions, let me know But other than that, I will see you guys later and maybe I'll see these Pokemon cards in my nightmare So have a good day guys, and I will see you later