 Alex and Tosh actually took the rest of the day off so that's good so my birthday week but that's what I do best man I love doing this thing so Alex told me what the hell are you doing still working it's your birthday week right get the fuck out it's Friday you already made a shit little money in the morning get the hell out with a few more hundred bucks or a thousand or so two thousand doesn't matter more but I told Alex I love what I do this is when I look back at my life this is the birthday wish that came true man being able to travel do I love for a living and helping others and make money I mean shit what more can you ask for right guys you know now I just need to get a little more healthier which I'll try you know sometimes in life yeah time time is like a pie man you guys you can't be a hundred percent focused on work is in a you don't have a social life they have health issues so it's a balance oh so why am I doing this on a Friday because you know man I really appreciate it what's going on normally I'd be fucking drunk off my ass right now that's my birthday and yeah but shit maybe it's the maturity inside me but I'm gonna drink this tonight obviously but um just want to say dude the secret to life guys secret life is find something you love to money you need money that's the bottom line though you need money but money like I posted it's it's a tool it's not the goal freedom is the goal I'm gonna say that again money is just a tool it's not the goal the goal is freedom never forget that never forget that freedom is the ultimate goal so how do you get that guys I haven't done one of these life coaching sessions I used to remember I used to walk around and do these live coaching sessions before I'm I see launched it as simple as that guys but it's not easy like trading it's not easy simple it's not easy find something you love to do and become the best at it you know that's a simple bottom line but you have to be realistic you need to be able to pay the bills pay the rent pay for your food so you know if you really want to make this work I'll give you example you really want trading to work do whatever the fuck it takes for you to be able to educate yourself and to learn to trade and it takes time so get a job these guys are like oh I don't want to get a job then you're never gonna be successful you know what man success requires sacrifice you need to be able to sacrifice your ego you know get rid of your ego get a job so you save money get a job so that it pays your bills so that you can't afford to learn how to trade the right way a lot of these people though I'm all in I'm gonna quit I'm the fucking best trader I got a $1200 stimulus check from the government I'll put in a Robin Hood I just tripled my account holy crap I am now in full-time day trader you know what that doesn't have no does not work like that man it's always gonna be balanced out over time you do not know what you're doing profits flow from the uneducated to the educated in regardless of whatever field you're in playing poker sports betting whatever it may be man so you know that's the thing find something you love to do and trading is great you guys are all here because you guys love to trade right so I'm telling you the blueprint for success man the blueprint for success is to get a fucking job that allows you to to fucking trade that allows you to learn to trade rather you need to learn to trade first first step is not to fucking open up a Robin Hood account start fucking trading blindly you know I used to do man I'm so stupid back then right when I started trading I was watching CNPC and whenever they mentioned a ticker it the stock would go up so I thought that was like holy shit but it's always sell on news once you are learning so this for the education that you would never know unless you lost and so instead of losing to know these things why don't you just get mentored by someone that's already gone through the pain you know why do you have to relive the pain same thing with life that's why you have parents parents tell you the stove is hot do not fucking put your hand onto the flame so a smart kid what depends on smart if he's too arrogant he's gonna I don't believe you mom I'm gonna put my fucking hand here and then you get burned and that's how you learn not to touch the stove anymore with your bare hands some kids are stupid they require five different burns before they realize that the fucking stove is hot you know you don't have to get burned five times trading in order to realize that fuck you need help you need proper education there's just shit you can never learn your own let someone fucking told you like who the fuck would even tell you about buy the room and sell their news right who the hell would tell you the zombie world let's you fucking lost you cannot fucking learn these things on your own you can you fucking you can take a year and a hundred thousand dollars to fucking learn and become a master but most of the time you can never happen so you learn that's what books are for when you're reading a book when you're reading someone's tweet that's all learning from someone that's mentorship man there's many different forms of mentorship just get over this ego that oh I don't want to fucking subscribe to this shit man you're not subscribing to a fucking guy that's teaching you shit you're subscribing to a fucking community that's gonna help you but I'm not gonna start talking about that cuz you know you for my birthday I don't really need anything I got so many good messages from people that that said hey thank you bow you changed my life I would have quit trading I would have lost all my money but then now I'm in it doing well thank you thank you thank you so those are the birthday so when Alex says go enjoy yourself and what the fuck am I doing what do I like to do I like to help you guys I like to talk to people and help them out I like to travel like right now I cannot travel but I'm going to Miami next week so you know so I'm doing what I love to do and so I call that life by design guys life by design so I created this life knock on wood did it take a fucking day no did it take a year no to take five years no it took many decades to get to where I am so do not compare your chapter one to other people's chapter a hundred right that's all we said do not compare your chapter one you know life by design it does not do it overnight you think Jeff Bezos of Amazon became an overnight success you know it took a years and so but the thing is they people think it's an overnight success but he's been working his ass off well it's not a lie I used to say it took me 10 years to become an overnight success it took me 20 it took me two decades to become an overnight success in trading you know that's why he used to say I repeat that again it took me over a decade become an overnight success you know that that's what it is man that's facts right there I don't know man I just want to walk around and hope I mean who wants to get on just to fucking out of care of your troll or whatever I love bringing someone on that I've never talked to before around the world doesn't matter where you're struggling whatever so I want to like have a bring on today bring on it's because we don't have a topic by the way we worked our ass off this week guys pretty much every week and so today it's just like a free there's really no agenda for me do this IG live is just fucking I wanted to do it it was SNO a yet guys SNO a so who I want to get on just wave your hand and then I'm gonna bring on someone I never brought on let me see 1410 cool alright wait I'm just gonna randomly uh raise your hand get on man for fun alright we're bringing Michael man I've been a long time this is gonna be a good one us on his progress mr. Michael what is up about happy birthday to you my man thanks man I'm glad to hear your own because I want you to update everybody on your progress as you remember the first time we met we were we were debating about politics or do all this stuff and you're completely different individual now man you know I love it it's sick it's it's it's night and day um you know what type of person I've become right because I really feel that like you have to understand yourself sometimes even more than the market right so like if you're doing good you're doing bad you do however you did like today with some of the tabs um you know it's a good day today everyone you know did well but I felt like I went to the well too often over trading over trading shutting it down right well but I felt like I know what's gonna happen I'm gonna be like oh this is the one my last trade oh don't city right so I said I'm not even gonna do it I'm gonna shut it down and that's it and you know I've been I mean it's been fantastic this this this this MIC ride you know show show them your up PNL chart for this month you showed like the green thing I like dude that's my man yeah so you know in the last um in the last 17 days I have one red day and that's back last month oh you know I'm gonna I'm gonna show it because I sent it to some of the crew um let me let me pull this up guys real quick um and I'm and I'm proud but I'm not bringing it into tomorrow you know it's a new day so exactly every day is a new day do not use yesterday's profits to cushion tomorrow's losses right so here is so here is last month November you can see back in November 18 things started to click and here's December so we're losing you but friend no I'm here your wife but okay tell so what what what are you doing that's different what click what do you think like that what was so tell us that the progress from before and what changed um I got out of my own way okay I realized that I I need to really start listening more studying I study a ton but really just being more patient and you know being patient not chasing you know but sometimes when I chase I'm still profitable but I've been lucky there you know I know that if I keep doing that it's gonna fucking slam me so basically you recognize FOMO and you're curving the FOMO that's what that's what you see my my talk about training about chasing a lot of new members if you don't know what chasing is so it's basically FOMO that's what FOMO is fear of missing out yeah and I'm like you know what if I miss that I miss out because there's another there's gonna be another one that was the number I would say the top three culprits for most people lost it FOMO number number one is brisk management not having proper risk management so if you just tighten up your wrist your P&L go up if you tighten up your FOMO your P&L go up yeah and like risk management is the whole is the holy grail too like you have to put in a stop loss and you feel better like look okay I'll lose max you know 20 cents 25 cents I'll deal with it like even with LXRX today I put in a stop loss and I wound up reentering and being profitable on it but the stop loss it could have dumped on me right yep you know it could have and I would have been out it would have been fine but I was that stop loss it hit but I was able to reenter because I love that that's not something you did before never no I was a fucking cowboy you you were just like fucking this shit I'm gonna add more and hold yeah yeah you know but stop losses FOMO and and like really trying to not do it on your own you know get get people with you during your trading day and you hear different things and you know everybody agrees together and do the opposite group who's your tab group who's your tab group man oh my fucking tab groups gold bro I think I think would have best group and I might see it outside the mods we got Joe Angelo we got who else we got here we got Ben and then we got Ben Jung and my miss oh rich big rich from Hong Kong it's so that's so that's awesome my friend yeah it's great I mean because everybody comes together you know it's so important it's so important to hear what other people are doing this is this this is the number three thing that way that I said I said risk FOMO and before was trained by yourself trained by itself is a losing proposition can't do it you can but it just decreases your odds it's so much harder it'll take me so long because more brazen or and more eyes are better than one that if you know what what so what everybody agrees that's a you know solid play kind of deal right you run it through the the council I call it you can run it through the council it's like that it's like the chief justices the Supreme Court it's sick no it's sick and you know I like I learned from you to be humble you know there's no reason to humble like you know I start zero every day you know and I work and I grind we all do it that's it next to the next day this is this is a phenomenal fucking turn yeah I mean dude I remember I remember you work hard already but then before was like bow fuck man that one play fucked me up you know honestly I'll tell you what that one day where you rip my ass open there was like 200 friggin replies between you and Harry that day was the car kind of a turning point it really was it like moved the ship a little bit to re steer it to the other direction I was like damn I'm doing something wrong because you know what man that's exactly right because I mean this you know us man it's all tough love right this is straight up no bullshit so for what what we saw what I saw before from you that this is totally changed and this is I mean this is awesome before you you're very arrogant you thought you knew everything and so you defended every action even though you knew it was wrong you knew you have FOMO you knew you should have stopped down but you're like you know what I have a feeling you know that actually doesn't work in training right so so now the difference look at it you're listening you're not trying to defend yourself constantly and that's the key guys I mean Michael here midtown holy shit dude it's fucking sick and then it helps you in your personal life too oh my god you see so much happier bro dude I'm in control you know I'm in control that's it you know I'm in control of my trading and the humbleness I walk around like a like a mensch you know and it's helped people out because I know this is like right here like I love this where I want to be man you know this is all I want to do for the rest of my fucking life you know but I still have a job and I still do the job and this is supplementing my income I'm learning until one day maybe I'm able to just do this full-time maybe correct but that's what we talked about earlier in the morning right you need a job without that job you'd be panicking you'd be like I need to make money every day yeah yeah so and tell us so good midtown here Michael is like like pretty much like all of us learning and starting so tell us like when did you actually join and tell them that the timeline what they can expect all right so so here's so here's I probably joined maybe six months ago seven months ago is that make sense something like that six seven months ago I was not anywhere where I am today and there are times where you're probably gonna want to quit and tell yourself this isn't working you know and I've been you know I've been there many times and all I can tell you is that you can't you can't give that shit up you know you can't quit on yourself just go back to basics every time just go back to basics so it's about six months you know give or take and I'm you know starting last month I really so about six months in right six months in it's starting to like click I know what I'm looking for Harry's phenomenal you're basically here's a first bounce right you're doing the first bounce over and over first bounce over and over and over again you're not getting green you're not getting greedy that's the key you're actually what you need look at us so so you see I'm in here hold on make it my mouse I'm in right here for S.O.N.A. S.N.O.A. and just written sold into straight just like that of Harry says holy shit that's beautiful bro you're sick right you are selling your lung where where I'm shorting yes that's what we got to do you know but that's what I say to myself I say where's the line where the fuckers are gonna fucking start their entries you know I want to sell right into that yep exactly man because what happens is to be good long big money short make money the pigs are the ones that get slaughtered man if you're too greedy you will get slaughtered so so but so about six months things start to really click and turn around but it was a six months of like binding watching videos reading watching reading watching taking losses getting beaten up all the time learning watching reading you know you need to get beat up a little bit I think too but yeah six months you know head for year seven months it starts to click it's nothing then one day you wake up and you're like holy shit I kind of get this and you know how you went from night and day right you just have it just snapped like that just like you said you became what you like what you say you became a millionaire overnight it took you a decade it's like I became an overnight success but only to me 10 years yeah yeah you know so you know I owe everything of whatever like everything to MIT all the mods all the fucking the whole community you know like the uh good so basically this is the beauty thing about the tab program so your tabs are basically benefit everybody in that group is benefiting from everybody else learning yeah you know what's cool too was like I was able to give back right so like some people needed a fucking monitor and I had some extra ones oh yeah I love that bro and I was able to like you know let me help you bro like Adon he's you know he's a he's in high school he's working with his dad and he had a laptop I'm like come on you know if you need help I'll help you and you know and he got it and and and and it's just better and you're helping somebody else get better and you know that humbles me more right where it's like I'm take now I'm even going slower now you know and it's just sick you start to appreciate you appreciate everything that you have you know there's guys that don't even have a monitor man you know and I do good thing about that about Don is he's still in high school like 17 18 yeah but sick he's so he's so ingrained in it you know he's right and sit down studying all the time asking questions he's so in it which is awesome I mean he's gonna be he's gonna be great he just can't give up dude that's the thing man I mean it doesn't matter how young or how old you are man you know your life starts today that's what it is yeah I mean you're old man you know the older man there's a kid in high school but shit I feel good but you have experience that's good that's so awesome bro I mean and notice when you don't have those wild P&L swings your P&L as of quick doesn't it look at 17 days right yeah it adds up quick man the one thing from now on okay do not let one play wipe away a month of hard work bro put those stops in put the max daily loss is a broker level in so now that you got it tighten up your fucking belt strap bro nothing's getting down there probably it's getting out right nothing I should as tight as the motherfuckers I'm not losing no more man I can't lose anymore you know I don't want to lose anymore it's a horrible feeling it's not financial it's a mental drain like how could I keep fucking up like this right you know why you keep fucking you you don't want to change me for there was a stock a month and a half like two months ago that I forget what it was I don't even want to remember I I wrote it down like three points I wrote it down my fucking P&L went straight down and it destroyed my fucking account right I'm like when am I gonna learn right and now I'm creeping I'm creeping back up past that now oh wow like you can't go straight down then straight back up like that's not gonna happen you got it that should takes time to grind back so just eliminate that slam down so let me ask you this is this is a very important question because everybody's going through this you took that big loss what did you do differently did you what changes did you make because you can't just say I want to change you have to do something actions is the way to do it like saying stop losses stop losses stop losses and oh it's okay to be wrong just not stay wrong yep exactly so that's what I did I stayed wrong you know so that's exactly go ego hidden ego let me stay wrong and I was down like 1300 you know I'm like fuck I'm like that sucks you know I don't want to be down 1300 so I don't if I'm wrong I'm wrong I'm out correct so you actually took action now you're using stop losses that's what I want to hear that's awesome that's it stop was because once you put that in brother you can just go take a shit and the socket take a shit and like I feel better when I'm in the trade knowing that my max loss is X doesn't doesn't that alleviate so much more anxiety like holy shit I'm not I'm not super scared as I was before right it alleviates the anxiety and the mental shit and that allows me to buy again or look for something else to buy because I'm not wasting that mental capital that emotional fucking distress is not there so now I look for other place it gives me more power so what are you working on now to improve so that this is awesome you know you you went from a losing period to understanding why you lost and you implemented a plan not to lose again so that's the key you did implement a process your process included stop losses so that's the huge thing number one thing it's risk management what I would say right so so now now that you did this why are your plans for the next couple months just just continue to fine-tune um what I've been noticing in my trades that I get the first leg but I missed the second leg and the second leg is usually a lot stronger so you know your internet went but I can't hear anything is that me or the in midtown I can't hear anything someone's internet went down is that my internet over here can't hear midtown yeah yeah my all right man but thank you dude that is so fucking awesome that's you know what man Michael that's one of the best birthday gifts for me to see your progress and your life being changed people's lives being changed this is the greatest gift I'm telling you right now man this is why I do what I do I love this and I'm telling you guys you don't have to be the most smart you don't have to be the most proper you know you don't have to be anything to become a successful day trade you know what you have to be you have to be hard-working humble and disciplined seriously that's all you need stay disciplined you know I mean dude we were all very arrogant at what point our lives you know and the life there's a couple people right there's two types of people in the world ones that have been humbled already and ones that will get humbled so you don't want to be the second guy and so so the reason I asked so I'm gonna sum this up guys because this is what you need to do to become a successful day trader repeat what midtown did you don't have to lose your money they get frustrated okay you can skip that and just believe that the process that we teach you works so what he did was he started using stop losses hard stops no more than mental stop bullshit that's why he's losing before because as a new trader when it comes down to a line that you're supposed to take the loss it's very difficult to take the loss unless you've been in this game have very strong will great discipline so put that stop loss and that's how people lose all their money they flinch they hesitate then next you know boom the thing tanks again and so he he turned his training around by becoming humble starting to listen so to implement what we teach and then and now that's the reason why I asked him what are you working on for the next three months I love his answer you know why even though he had 20 straight green days is not he's not arrogant I asked him dad and he said I'm going to refine what I do I'm going to make why do better you know that's a beautiful answer you know why because it was kind of a setup question for him to see what he says because if he says oh I'm gonna size up I'm fucking good now I'm the man I'm gonna size up that's the wrong answer trading is a marathon guys not a sprint if you size up too quickly you will blow up you have to be ready so it stages this is like I keep I made an analogy back today they learned to trade it's like it's like a role-playing game role-playing game a world war crap where the hell that war crap whatever that goes online role-playing games right so you start out fucking naked no fucking clothes you're wearing leaves and shit and all you have is a fist to fight you know over time you know you learn a box and then you pick up a rock that you have a rock and you have a knife and you fucking finally have some leather leather fucking clothes on and then soon you have metal armor and then you know man you you're even when I'm down level 99 and but the thing is there's the levels don't stop there's a level million I should have a long way to go so that's the key guys the key is is it's a role-playing game with no fucking end you always have to fucking learn to be better guys and that's the frustration and training there is no end to this madness when you reach level 99 you think that's the top and you look up but holy shit another 5,000 levels just when you think you're your fucking diamond armor plate and sword is the best you look over your holy fuck this motherfucker got some alien fucking laser beams and shit cuts right through my diamond armor so that's the key guys never stay complacent in trading always learn because your competition is learning your competition includes other members other traders how goes are becoming better and better okay guys so I have a great weekend I hope you enjoyed this because this is my gift to you guys on my birthday week okay it's to show you that success it's possible it takes time took me decades you're coming overnight success okay guys go out there and make it happen and hey thanks posh if you guys want to learn more about it in my seat guys you know where we hit it thanks Alice we'll see you next week in Miami baby