 How's the market treating you guys are you guys making money is it? This fits my style like I said, you know, or maybe that's just uh, you know So wait for everybody getting a little bit I just want to see how you guys are doing this training of this market guys What is the what is the problem that you think like you know the guys that said mark is really hard right now? What what makes it hard? I'm kind of curious as to what makes it hard. Oh Very about the cover V. Are you? So what makes it hard guys the ones are not doing well. I've seen that not doing well That's correct. There are less plays But there are still plays guys it depends like You're looking for home run a plus-plus setups. Good luck, you know I I put a meme out like a skeleton waiting at the Um, let me turn around. I put a meme out. I'm gonna post on Twitter of a skeleton guys Yeah, so this is I have 243s and 232s so So fewer options is definitely it The thing is if you're looking for home runs, you're looking for a plus setups. Good luck, man You have to be able to be realistic Okay, not all days will be monsters not all setups will be a plus plus You just need to have different strategies in your toolbox So I'll tell you how it is guys when you start training and you're a new trader You it's like let's say someone teaches you just to use the hammer. That's all you know You don't know how to use any other skill. You don't know how you use a screwdriver whatever so or use waiting for a nail and so you every time a nail pops up you hit it you hit it you hit it and That's what it is you learn to be a master of that fucking hammer But the problem is if the hammers all you have and there are no nails What are you gonna trade? So during the times of slow slowdown the moment that you master the hammer Don't mean to master the moment that you become proficient with the hammer start learning to use a screwdriver So now you not only can you hit the nail now if a screw comes on you can screw it so build Your toolbox guys never just sit on one that's called complacency and complacency is death in life You always be learning guys always learn so all these guys Complaining they're like, I don't need to learn anything from you about you don't need anything learned from you from MIC I already know how to trade. I mean, yeah, of course everybody knows how to trade in their own way But now the different market conditions come what are you gonna do right? You don't know what the hell you do You know, it's hard. Sorry. I just showed you do I've been pretty much green every day knock on wood It matches my style and so this is a sort of you know that more tools And so there's more opportunities I can spot when when you saying there's fewer choices When there's fewer choice, that's because you're just looking for that nail because all you know how to do is hammer But there's many different strategies channel trading scalping swing Shorting long, there's a lot of different styles. So, you know if you want so this leads me into the topic We're gonna talk about so let me bring on Alex first Hey Alex where you wouldn't have a surprise for members Yeah, I'm gonna go live with Alex Hey, what's up, brother? What's up, bro? How you doing? I? Was feeling sick this morning but like we all said man banking Fucking the best medicine for those watching bow woke up hung over today because here's the thing guys It's trading is very after we've been doing this for a very long time. Bows been doing it 20 years I've been doing it eight years it gets kind of boring, you know, thank God it gets kind of boring So sometimes we need to be able to spice it up and bow shows up to work every single day It works so hard helps educate the members helps do his part And sometimes he's got to go get drunk to have some fun too So the craziest part is bow trades better when he's drunk than sober because he's more careful But anyway, the point is that if I could do it drunk anyone could do it sober So the reason why we're coming on here today guys is we are announcing our next round of map So map is something that we created called the member appreciation program So every quarter we like to come on here and recognize and highlight members have that have helped other members the most and Reward them with some free stuff from MIC So I'm going to be posting our most recent map list today and after hours There's about 40 members here that we are recognizing today and I'm gonna post it now and read it off So give me a second guys so These are the winners guys, it's Diego Pima Jester Trent Marius Jinso Bonn Split letter T dog Tom Dean Trent Dave Bobby Joe Anthony and Ben Soy sauce Walid Gil Susan Maui guy Tiffany Russell Christine Bastoff Brock edge trader octagon min Starsky Traverse trade engineer Hooper X Maui guy trade archer JC Mario Quick Abdel and John say that ten times fast guys Also, also the thing is guys if you are not on this list, you should not be discouraged This does not mean that we don't appreciate you. It does not mean that we don't love you It just means that you know we hit our capacity this time and what we like to do is we don't like to have the same People on every single map. So guys this round of map You guys get a special custom map t-shirt. Let me show you what that looks like because I have it on me right here so This is the member appreciation program shirt. It's one of a kind map and We make sure That's your one sec We make sure that your MIC username is printed on the side of it So you guys that won the map program are gonna get a one of a kind shirt with your MIC username on it You don't have to do anything all you gotta do is wait for a DM from our moderator Oliver tan And yeah, maybe next round of map will do some sort of pizza party that you guys can take your family out to or whatever It may be but this is what MIC is based on guys our Our community is based on members helping members and we like to highlight and Showcase our members and reward them for their hard work, man Hey, how long how many times have we done this map Alex? This is not a one-off thing We've been doing this regularly. No, it's probably number 10, bro. Probably number 10 Yeah, we so basically the whole thing is, you know, we appreciate our members We and the way we give back his recognition, you know, this this shirt doesn't cost that much But you know, it's it's meaningful because we thought about you We put your name on there and now I mean dude, this is recognized and don't don't worry You didn't get it because you know what like Alex says if you got it last round chances are you're not gonna get So the guys about this round won't get it next round Otherwise like you guys you think if you think that we might have missed someone you could personally direct message me And I will run it by the moderators because the team of moderators us all together as a team We decipher and decide who these winners are gonna be so if you think that someone deserves it Someone earned it and we missed it. No problem Just DM me and I will run it by the moderators to make sure guys But this is something that's unique to MIC when we first launched this program Everyone tried to copy it. They did it one time and they don't care but instead like us guys We like to reward our members. So this is again show them that sure. It's pretty cool, man Let's put it down the ground or something to show it. Why don't I put it on? What's that? Yeah, it's very cool guys So Oliver designed this is the unique shirt that is not for sale It's just you know, we just want to thank members and it has your name on the side So it's really cool. All right So this is what it looks like the member appreciation program with your name What name what name is that The fond looks all weird, but yeah That's pretty cool Are we yeah, I think that's the same shirt. That's really like that shirt though. Yeah. Oh You know why I recognize that name Alice It's reverse on on when you take the picture. Oh, yeah reverse Yeah, yeah, oops Look out from a DM from Oliver 10 and again guys We are going to continue to do this every single quarter So our community is based on members helping members So the more you help members the more you'll be recognized and the more perks and benefits that are going to come out And you should thank Oliver because this takes many hours to do. Oh my god. Can you imagine? 30 people He has to create 40 I think this round is 41 people guys 41 people we've recognized in our community and it's something really special man because like I don't know for We treat M. I see as the Harvard of day trading We treat it as the higher learning and the higher education of day trading and sometimes, you know we get a little bit overwhelmed sometimes we get a little bit tired and You know those members are showing up every day watching videos helping making recaps Learning and all together it kind of continues our motivation all together man because to me I was I was really looking forward to today We finalize the list today finally to get everyone on there and it should be really cool Great guys. So if you're not on this list once again Don't be discouraged because maybe you were on the last list and then maybe you'll get on the next list That's all it is. So and feel free to DM me with any Nominations that you might have and I will personally run it by the moderators guys So this is our member appreciation program number 10 Wow, that's a lot. We've done it's been tenorating man. Wow. Yeah, it's been a lot It's been a lot. So now if you have a good topic today on day trading hobby versus a career So everyone listen up to this correct guys. So I started already talking about that The way I became successful was the very first thing I did was I you know when I started trading I thought it was gambling. I thought it was luck I thought everybody was just the reason why people make money is luck Just like AMC the meme stocks They all got lucky and then they all son the crypto guys they thought they were the best day trader They thought they were the Goldman Sachs there They're going around educating people and telling people they're stupid And so the thing is, you know, you have to distinguish is is this a hobby or is this a career? So if you treat it as gambling, I just talked about this to a friend last night and I'm like, so they are do you really make money day trading? It's a scam my dad lost all his money day trading and so I explained to them like the reason they lost it Your dad probably was up a ton, right? Yeah, and he held it forever. Yeah, and they came down. So I was like that is not Trading that is gambling Holding something without a plan where you have no idea what's going on is it's basically gambling, you know So if you want to treat it like a business a business has a business plan You don't just start winging it and selling products Unless you make a plan So a plan includes not only where to enter but most importantly where to exit for both a winner and a loser, right? Because you know, I meant you didn't be up a million dollars But unless you take that money out and put in your pocket It's all paper games Okay, so look at it AMC guys. Look at the crypto guys. Look at this micro strategy Micro strategy fun. They're like upside down You know, dude, they that four billion dollars telling everybody to put all their money into crypto things like that And they were up. That's why they were so confident. He even said that it goes to infinity. I would never sell And now they're about to be liquidated And that's the thing guys for me everyone It's crazy because everyone asked me what I do for a living, right? And I'm kind of embarrassed to tell them that I'm a trader because they think oh, this is fucking dumb ass He's probably doing forex. He's probably doing crypto So it's very difficult because in this day and age everyone thinks that they are a trader But the truth is guys the truth is just like any I treated I treated trading as a business from day one and that's why I got to the place I am is I never treated it as gambling I never treated it as a hobby the thing about trading is it is so in your advantage Because you could only bet on the setups when you see that your ideal hand is out there So imagine like the blackjack analogy that bow always says if you have a shitty hand Why are you gonna bet big in day trading you could wait for those two tens in blackjack and bet as big as possible Obviously sometimes dealer gets a 21 or you guys both get a 21 and push the point is guys that in trading your betting can be Skewed to bet only on the best setups only if if I was if I didn't have a FOMO problem I would just show up on first red days only go fucking all in on the first red day We're 98% of time and call it a day, but I'm I love trading I'm addicted to it so I show up every day and try to refine my process and try to get better Because once again guys remember this is a business and as a business you do you determine how often or how little or how much you want to Trade as a business if sometimes you trade too much. It's called over trading and you want to cut back, right? And there are times where okay if my business Plan says only for first red day That means that that the only time I go make money is first red day But first red day may not come for months three months, right? So what do you do during those three months you need because like I just told a lot of my friends, you know The problem is we had a fantastic market last year in the year before yeah, and people made a lot of fucking money Did they save it? No, they're all broke right now, right? They they either never took the money on the market or they spent the money thinking that they can make this forever So you see a lot of guys out there saying I'm taking a pay cut No, I'm doing to take a pay cut you got a lucky year No, it's like how do you assume that you're gonna make the same amount every time you cannot so you need to save For the recession you need to save for the bad times and so right now So this is what I'm trying to tell you guys you want to treat this as a hobby if you trade hobby It's fine. It's entertainment do whatever you want. So to be honest sometimes I a lot maybe 10% of my gains for entertainment. So I just fuck around Okay, and but when I look back, I was like that's kind of fucking stupid. I Added up all of my entertainment money and and like it adds up significant amount of money And the problem is about the last two years you could get away with not trading with a strategy You could get away with closing your eyes and hitting a fucking button But in this market guys in this market, it is very unforgiving for people that are gambling It is very unforgiving you need to have a strategy and you know a lot of people were making a lot of money in the last Two years and they didn't worry about a strategy They didn't care about strategy and now in the last five four months all that money in the last two years is gone Whether it be taxes or losses, whatever it may be and the only ones left The only ones left are those that have a strategy and have risk management And that is what we preach every single day in MIC our process involves having risk management I used to trade at a professional prop firm Playing with tens of millions of dollars every single day and I had someone called a risk manager Someone's full-time job his full-time job was to make sure that I manage my risk as retail traders We do not have the ability to have a risk manager So we have a risk manager at the broker level right and that's why we have these broker automated stops Broker automated max loss all these things to protect you So if you find yourself making money 10 20 days in a row and giving it back in one day Your risk is not managed and your gambler. That's not a business. That's the gambling. You're not treating as a business Would if you if you had a business, I say you're selling subway sandwiches And you had a fantastic year. Would you gamble it all and say screw it? I'm gonna fucking not selling sandwiches. Just just sleep in and and That's actually a bad example, but but things like you have to treat a business if you your business needs to make money steadily It's not a one lucky. I'm only gonna make money seasonally if that's a seasonal business then then that's the plan But but those guys already have a plan, but these guys are just pure gambling. They go, okay. They're the seasonal Uh AMC is gonna go up. I'm gonna just ride AMC and then what happens when the season is gone now for the rest of the year You're holding Santa Claus Christmas trees and it's fucking February And you're stuck with the AMC back holding inventory And the thing is guys as much as it hates to say a recession is coming and a recession may be already here and because that that might mean that you might need to Be able to adapt to a changing market, right? Our market has changed like in the last in 2020 the market changed and this year the market has changed as well And thank God we're still able to make money in these bear markets But the the point is or the key is that in these in this cycle where it may be a little bit more difficult Your job isn't to say okay. I made $10,000 last year I'm gonna make $20,000 this year your job is simply to show up and wait for your setups and trade them Maybe you're gonna make more maybe you're gonna be less But the point is that 99% of traders that started in 2020 and 2021 in my opinion Will not last until the end of the year because they do not have risk management. That's just the truth Correct, then that's the whole thing guys the thing is they they think that just because you made money yesterday That you're entitled to make money today. That's not how trading works guys Yes, like you need to take what what the market gives you they always say say take what the market gives you That is correct, but more but more importantly take what your process gives you these guys do not have a process They they're making up shit on the fucking fly and if you do not have a repeatable consistent, you know process How can you say that you you are entitled to make a certain amount because you love and I was gonna say about a lot of People use that word process as a fancy word, but they don't really explain what that is So I want to kind of do a very quick recap of what my process is like, right? So a process is something or a strategy that you could use every single day to repeat and make money, right? And if not, you can't make money with it then it's to mitigate your losses So for me guys, this is how my process starts my process starts the day before by sleeping early Okay, I always need to get a good amount of sleep because if not, I turn into a zombie Coffee helps with that a lot But still the point is when you wake up my job is to sleep early then to wake up around 6 or 7 a.m Market time. I like to go look at what stocks are gapping up after I find what stocks are gapping up I like to look at the news after I look at the news I like to draw support and resistance lines after I do that I like to set my orders and then after I set my orders I have a plan for my exit and my stop that over there guys that over there is a Repeatable strategy that I could use to make money Obviously it goes a little bit deeper into what stocks to trade and how to narrow it down Which is kind of proprietary to MIC, but just right there guys That is a starter of a process that you could use to repeat every single day another word for process is routine Okay, you go to the army. They put you through a routine It's the discipline of always doing the same thing until becomes a natural routine And that's the process that Alex doesn't need to think about step one step two step three It becomes second nature So so keep doing your routine and then eventually it becomes a reflex and become part of your daily life Like for example, I've been waking up To trade the markets on market time the market time is in New York City regardless if I live in New York or California or Asia my body is Routinely set up to wake up at a certain time. Yeah, and that's the whole thing So don't tell us that you have a process that you know what you're doing When you just wing it when you just like randomly doing what you're doing That's that's the reason why people fail is because they don't have a repeatable process that's reliable They're just praying praying is not a good strategy. Yeah, it's true It's true. And the thing is a lot of people don't realize that until that's too late, man So I mean I'm talking about being drunk Alex dude I was the reason I train well because when I'm drunk, I can barely think I'm just naturally doing Reflex right when you're so drunk. You just it's a reflex of what you're doing And so when when you see me trade well, that's because I'm not deviated for the process. I my brain is shut down I cannot think I'm just Reflexively doing what I'm doing and so sometimes like, you know, it helps me because like when when you overthink You deviate for your process Correct. Yeah, and also another thing to keep in mind guys I thought I learned about this through Dr. Brett steambarger is if you are in a trade and you are stressed in a trade That's stress trigger means that you are either in the wrong trade or you have not planned for the trade So the next time you're trading and you enter a position and you feel stressed Take a second to think about am I in the right trade? Am I oversized? Am I do I have a plan and then from there you could determine it because for me Everyone always makes fun of me that I go and get a fucking burrito when I trade I go to the bathroom. I do this that is because I'm so calm and so confident because I have a plan I'm not stressed in trading when I'm stressed in trading. I'm doing something wrong When I go and get a burrito when I eat Chinese food is because I'm not stressed because I have a plan So use that use that. Yeah, there's uh in in the animal kingdom. They call it fight or flight, right? So that's what keeps humans alive. You see a fucking bear you run the natural instinct is fear Okay, you imagine if you're a baby, you don't know what the fuck is going on. You're not to be afraid So so use that to your advantage because the human the human brain has a way Of telling you you fucked up, dude. Get the fuck out. You fucked up That's the fight or flight. Don't fight. Don't fight Yeah, one thing is there's people there's people asking is the market going to improve is the market going to change The truth is guys We didn't expect the pandemic to rebound the market like crazy. We don't expect This inflation stuff what it's going to do the truth. We told is we have no idea If I knew that the market was going to be fixed tomorrow I would mortgage my house I would sell my dad to science and I would raise as much money as possible to put it into the market But we don't know guys trading you don't you don't you don't have a crystal ball to predict the future Anyone that says they have a crystal ball these multi multi billionaire People that run hedge funds with hundreds of billions of dollars don't know So for me, how the hell am I going to compete with that? All I could do is I could show up I could trade And when there is a catalyst To change the market environment it will change the market environment But until then we show up every day We trade around like we did on agri and ppsi and you know Still making pretty decent amount of money in this market when 90% of traders are losing, you know So that's the thing guys I don't care what the market does to be honest up down. I don't give a damn as long as it moves Day traders take advantage of volatility. Just remember that guys and if you are skilled enough day trader Doesn't matter the movement is up or down because we can trade both sides. Okay And so get to that point of of improving your business where you are just not selling A turkey sandwich now you're selling a pastrami sandwich a fucking you know ham and swiss So now your toolbox imagine if you fucking own a sandwich shop i'm getting that example again All you fucking sell is one sandwich you're gonna go fucking broke It's the same thing you could you could use the example of robin hood as that as well They start off with stocks and now they're going into crypto. They're going into shorting They're gonna go into futures and forex is because they need to adapt to the changing market environments as well Guys, they're treating it as a business obviously. So treat your trading as a business to adapt, you know Correct guys. So and one thing Being humble in my opinion is way underrated for trading a lot of guys are showing off all this shit And that's how you get killed guys, you know Even today alex and I always say we don't really fucking know Everything i'm always learning every day and i'm learning from members alex learning from members You know, there's a lot to be learned from a new trader as much as an experienced trader Correct, correct And the truth is you never know what's going to happen in the markets guys and a lot of people You shouldn't let your account bleed out a couple months ago one of our large cap moderators joe He made a video on how to hedge your positions so that you could make money when the stocks go down as well So every single tuesday at i think it's 7 p.m Market time we do a large cap and options webinar So today there's going to be a webinar and let me actually find the topic on today's webinar because joe posted earlier um Give me one sec guys So we have a large list of webinar schedules, so Tuesday night is large cap and options and in my today's Today's webinar is going to be how to make changes in our trading during a bear market So it's going to be going over hedges and all these different markets and everything guys So we teach large caps small caps and if your account is bleeding out Whether you're holding large caps or whatever it may be it might be a good idea to hedge against your positions At least small maybe 10 20 percent to make sure that hey this thing still goes down At least you're a little bit protected and that is what all these big hedge funds and institutions are doing So why can't we us little guys do that as well? A hedge is nothing more than an insurance policy. We all have insurance guys yep Anything else? How about for the guys who want to join anybody want to join m i c amic? Hit up tosh. I can keep saying whatever. You know, um We want to help as many people as possible. I think we closed the monthly radio alex I don't know. Yeah, the monthly the monthly is closed guys But if you guys want to join the annual you can text tosh two one three four five eight five nine nine seven also On our website on the top right corner It says book a call So if you are a non-member and you have any questions about trading and you want some free mentorship We have specific free call slots for you guys to call in and ask your questions to go to the website My investment club that oh one more thing uh the broker We want to do something special for for m i c members and oh, yeah of the broker. Yes. I have that written down guys I think it's going to be june 22nd June 22nd We are going to be doing a live trading event for m i c members Monthly annual lifetime and success trader clients only so you guys are going to wake up and watch me and bow Create a watch list trade that watch this live and then do q&a after that's going to be on june 22nd I'm pretty sure it's that's the date that I wrote down here So you guys don't have to do anything if you're in m i c I'm going to send out the link that day if you are a success trader client and not in m i c Feel free to message me feel free to DM me with some sort of proof And then we'll get you the link as well But we're going to start to do a little bit more uh live trading to help you guys But this event is going to be just for m i c and success trader clients only guys So marketing you want to talk about accessory really quickly like 30 seconds How they you know what it is and how they can join and sure so guys we have we have a great relationship with a broker They are called success trader They're a division of regal securities and regal securities deals with hedge funds and institutions only so after a couple You know after talking to them for a while we were able to have them open up their services for the retail guy So now bow and i are using a institution hedge fund level style broker to be able to get boroughs and executions and all these things and Their commissions are already discounted for m i c members And there's also a special route called m i c route that can more than offset your commissions too, man So it's it's almost like you're trading for free if not getting paid to trade sometimes Yep, if you need more information, uh hit up tosh text him and then um You know he can he can help you out there. So or just send us a dm somewhere on any of our social media Yep So if you guys have any questions feel free to leave a comment into youtube videos Leave a like on this video and bow. I think we should go back to m i c and help our members out, bro Yep, let's do that guys. Thanks guys. Congratulations to the map members You guys these are thank you guys