 Hey traders, this is Tosh I go by T Bradley 90 in the my invest in club chat general reminder for those who don't know MIC is having a one-year anniversary event coming up where bow is going to be trading live in front of members It's coming up August 17th mark your calendars as an added benefit to our members This event is 100% entirely free for our annual and lifetime members While lifetime on top of that get extra coaching before the event and guaranteed front-row seating While most charged for these events We show our support by making it free again for annual and lifetime members And if you're interested in signing up for this event and or attending DM T Bradley 90 in the MIC slack chat and or email myself at Tosh at my invest in club calm Now today we have a very special video for you guys just like every week But today one of our head moderators Austin who goes by a loha trader in chat is back for his second round of his weekly Thursday webinar He is both long and short biased and Austin is going to talk about MIC strategies Market conditions and he takes members questions live and answers them while this is just a preview of the full length Almost two-hour webinar if you want to watch the full length or any of our exclusive content then we come in MIC member So yeah, this is gonna be the second webinar In the series and let's get to it. So the order of operations. I'm gonna be going through Important trades. It's important is a very funny word to use in this slow market But I tried to pick the trades that were kind of the most important a couple of them today Because it was such a slow week. I actually pulled from today We're gonna go through market segment I'm hoping to do this every single week. I've got a couple key topics. I want to go over Psych center is the new is the new segment where I talk about a psychological aspect of trading This is probably gonna be my favorite segment So but I'll try not to burn out on all my favorite topics right away. I'll try to spread that out And then we're gonna end with Q&A. So let's get to it All right, so last last week I talked about the market and how it was just after earning season Then we just had like a flurry of IPOs at JMIA and Tiger and you know lift and you know, we actually and we got uber There's a couple more pins So we had all these IPOs going on and earning season was just coming to a close and so the the small-cat market was really dead And it's kind of continuing this week, but I feel like we're starting to regain some traction in the small-cat Land I feel like we are trying to That the market is trying to get one more pop before summer. Hey Val We're trying to get one more pop before summer because it's close and you can kind of see this in the attempts in the recent days We've seen PDSB a super super low float try to go and it failed ELTK was today's runner and it tried to go CLRB was yesterday. Anyway, so I want to go over some important trades I want to start with this one because I already recap this one. So this one should be pretty fast Roku Roku was Just I had two trades on I had a quick scalp on it and then I had kind of like a Failure to continue higher short on it kept that trade. So let's go on to the next one UVXY I don't want to go over this again I'll start by saying that new traders should not trade UVXY. It's a very complex setup, but The reason why you will see I want to explain the reason why you will see some Traders trading this is because a lot of people like to trade the UVXY when there's fear in the market because That's what UVXY is. It's based off the VIX, which is the fear index of the market UVXY trades off volatility UVXY trades on the volatility and the uncertainty of the market and CLRB. So this was um, this was a cut This is this is gonna be a fun one, right? So CLRB was a trade where I was willing to take because this coming into this week Earning seasons is over. This is I was really kind of hoping that maybe this one might be the one I'm always looking for the stock that's going to ignite the small caps again, right? I'm always looking for that stock I look forward on ELTK today. I look forward on CLRB yesterday And so the first thing I noticed was that like in the morning it ramped up made a higher low ramped up And it made another higher low. So I was thinking, okay, this stock is trending now. It's a very steep trend, right? It's a very steep trend But I'm willing to bet that it's gonna continue because people are kind of desperate for that trade and I was right originally and I here I was willing to recycle and if you look at the daily chart if you guys have your I couldn't fit Both on the screen. But if you look at your daily chart and CLRB, you're gonna see a $2 and 65 cents level I really liked it. The reason why I entered the trade was because the 265 was the higher low, right? Originally I had this this and this is a higher low, but then as we get Larger I start to consider this and this is the higher low and you're gonna see as the time goes on I'll show you this in another trade too as the time goes on the the lows and highs See, I don't count this low. I don't count this as a low right here. If I did, I wouldn't want to be selling into here I count this as just on the way up. So that's my rule of thumb If I if I'm willing to start my position even a feeler position, right? At the exact time that I want to borrow it. I will borrow it or If I you know, if it to be set up, but I think I might get to use it I'll locate small, but you know, if it to be set up and I'm not willing to start. I'm not locating it I used to Locate everything but then I started longing and now I only locate the A's for sure pre pre Pre-opportunity to start and I only locate the B's if I'm at the moment of Ready to put the starter position on What is confirmation of a stop should the candle break the support line and close below? Yeah I kind of just talked about that like there are certain certain situations where It depends like if if it's that critical moment Where this is my stop, but like I do want to give it that wiggle room It kind of depends if it slams on high volume I Typically don't need to let it Typically don't need to let it close like it's a little super large volume candle relative to the other volume candles Or super large range candle relative to the other range I don't need to like let it content like let it close because like what if you got it? What if you had that? You know, what if you had that 1440 stop an IOVA and you said well Let me just see if it closes, but it does tanked on a candle like imagine that was a red volume Like something like that You don't want to let it close and let it go from like 1440 to 20 to 10 to 14 to 1390 You don't want to let that happen to you So if it's it's if it's super high range or super high volume I'm typically not waiting for it to close if it's just kind of like you can it dips and on the level too You can kind of see that it's very like weak Then I might be I might want to let it close or do that over and under it all depends on the price action. I Am not attending the webinar just here on the phone. No problem if you finished it We'll ask in the weekend mentoring. Thanks. If you answered I will hear it in recording later. Well, that was funny Should have read that later Earlier I do not even know how to borrow no borrows. I don't know borrows. No worried that there's always a next plan When in bankroll building phase you're not stressed about finding locates probably the baron James is trading already got all How much percent wise is too overextended to take a long in your opinion? But it's just a little more says right like the stocks never up too high to buy But it's more kept land. I don't think he was referring to I think it was general But when you're talking about a pig so 300% is about where I draw the line 300% even 200% I get a little bit sheepish 200 to 300% like I used to have this funny joke where It's the it's called the 100% pattern All you have to do is wait when when low flows are really hot all you got to do is buy a stock That's up 100% and sell it at 300% because there was a time when like everything goes up to 300% and For for what I've noticed for the most part in a day Stocks will typically kind of people like bought demand starts to thin at around 300% unless you got a true black swan on your hands But yeah, like 200 to 300% and I won't I will still long 100% stock up if the price action is so good because How many people are willing to short a stock that's up 100% normally those are loaded And that's how you get to those 200 to 300% People short it because of 100% and of course it's too much That was a lot what helped you to get over the fear of pulling the trigger time bro Yeah, just like so kind of what I talked about earlier that you have to Slowly grow the grow the ability to take risk and when you zoom it when you have that zoomed out perspective Or I'm gonna make a thousand trades. I can't be afraid of not taking this one because it's a loser Or it could be a loser, right? You know, you got a you got to put your faith in On a multitude of hands. You can't put your faith in one trade. Sometimes you have a fear of trading because If you lose on this stock, it's it's it's super Detrimental to your psych your psyche or your account, right? If you're making this trade super important Then it's gonna just raise the anxiety of entering the trade So that's kind of how I got over that fear. It's like well I kind of just have to throw my dices out kind of got to put my cards on the table And no one trade is going to be the defining Moment of my success. It's gonna be the successes or failures of multiple trades You trade under $1 stocks. I do not And only because I suck at them and Really under $2 I really suck. I Suck bad. I kind of went over this On a couple of calls too when people ask me about that you're like, why didn't you take this in its? My excuse is that I'm a very I'm not good when it comes to competitive pricing and cheaper stocks have competitive pricing And you know, everyone conglomerates into the like 66 cents and then 67 cents and then 68 cents And like, you know, I just wanted to get filled a little bit above 65 and there's only one place I really want to get filled above 65 cents on my cover is 66 and I end up having being at 66 and I'm not I don't get filled and 67s on the bid and I put it at 67 I end up taking it off at 69 on the ask and I've lost four cents, which is, you know, that's huge on a 60 66 cent trade and that typically happens to me. So That's why I don't but like, you know, if I did trade them, I guess well, that's the usual plan is My usual plan would probably be just basic support and resistance and I would, you know, my plan is probably instead of 66, I'd probably want to put it at 67. I'm willing to take a little bit less of the game That's probably how I would go about it You know, just still the same price action rules over and under support, which one's going to hold Why is it holding? Why is it not NBY? NBY So this doesn't really have a lot of volume today. Are you talking about maybe the day it did have the volume? I don't know what the news was um Yeah, yeah a couple of days ago here Um, how would I how would I trade it? Um, well, so first the first thing I look at is, you know We're getting up here into one one dollar looks like pretty good resistance. Um, this is kind of where we broke down 75 Looks like a pretty good resistance. And when we're spiking up, I'm immediately looking at these levels like 71 75 You know, I guess you got to really zoom in. It's important to zoom in on these Well, that's a sense matter, right? Yeah, 73 71 One dollar obviously as whole So I'm I'm looking at the most relevant the Most relevant volume. There's no volume levels in recent history. So I just go for the most recent level It's gonna be probably that 73 level um I might group that with 75 depending on how it trades um the one dollar level um And yeah, probably that 70 70 cents level So, yeah, so I'm just I'm watching it and like it's blowing right through 70. So I'm not Using 70. So I'm kind of looking at 73 next blows through and blows through 75. So I'm so I'm I'm kind of like I'm not doing anything here I'm kind of waiting for it to Show me what it's going to do and like if it's starting to hold a certain level Or if it's starting to top out at a certain level, like I guess 75 this 73 to 75 is the most critical level. So I'm just observing what it's doing here You know, I might put on a short Maybe if it broke 70 proving 75, it's the top right here. Wait, my desk is freezing What's going on there? Yeah. Yeah, so I might put on a short there risking there if I probably get stopped out later Um But yeah, that's basically how I'm doing it. What's the most important level? How is it reacting to the level? I look 60s perfect. I didn't even count that example um How many stocks are you watching at a time? Um, also do you set alerts for back burner place? I do set alert for back burner place I have a think or some alert where I probably have like 25 stocks on alert right now just to alert me when they start to become active Um, and like if there's ever a play that's in play that I might want to revisit later I'll put an alert out just so whatever if it ever crosses that level. I'll know about it So like I did that with mxc and I did that with el tk Um, I normally so I have eight. I have like eight stocks that I watch at a time of main four and a back four Um, and I'm mainly watching my main four Like ron has been in play for a week now. So what's the question with ron? Like do I want that like a back burner play? Okay, so Like what I said in alert for for this um Yeah, so if I had a short thesis on this I thought this was gonna keep going down I typically only like to trade stocks that yeah You know if if I was gonna short this kind of like a larger time frame swing short, I guess Yeah, I would probably have an alert set out, you know over like, you know $4 just to see like hey, maybe I can get short on a pop that day risking You know five or 450 build into a strength. Yeah, like that swing short. Yeah, I might put if I had a short thesis on this I don't know what it's going on here. But yeah, I would definitely I probably put an alert out at like four So that maybe like if it like bounces up we can come back And see the thing about setting alerts is it doesn't hurt like doesn't hurt to ever just set an alert I know you say you don't use level two that much But what are your thoughts on having level two open at the same time For the tape? Well, I always do have level two open at the same time. I'm I always have level two open One for all the orders to watch the speed and another for strictly blocks the spotlight. Are you talking about tape or like the montage I think you're talking about the the tape like time and sales. Yeah, so I mean It's uh, so like again like that matters More on a micro time frame. That's I don't typically do a whole lot of super micro time frame Ideas, but I think yes I think like if I was a scalper, it's something that I would be something that I would consider I do actually have on my level two. I filter out anything less than like um 50 shares and and I would do like a hundred But sometimes like you'll see a whole bunch You'll see like you can see like 10 000 shares go in 100 shares at a time and I do want to be aware of that so, um I do filter out the the super small noise But yeah, I don't think it's a bad idea I do I do think it's more valuable if you're a smaller time frame trader Is the ticker still day one if it spikes after hours and then runs the next morning Yeah, so if it spikes after hours in the next day the next day is the day one Hey traders, this is tosh. I go by t bradley 90 in the my investing club chat Just wanted to reach out and say if you have any questions about m.i.c Joining m.i.c. Maybe you're a member already You have three ways to contact myself personally and through m.i.c. You can hit our social media You can hit me through pms in chat or you can contact us through my email at tosh at my investing club.com That's tosh at my investing club.com I will get back to you in a timely manner and I'm saying this because I'm here to help and I don't want anybody to Be afraid to reach out and ask any question that they have we are here for you guys. All right. See you guys