 Alright guys, let's get started. I'm going to clean up the lens. What's up guys? Today is Monday. I think it's the first week of May So I want to kind of do a video recap today So a couple things I want to talk about is if you are or if you know this I Post the video watch list every single Monday for free on YouTube and every day or every other day I post this for the members So if you go back today to the most recent video the one before this one You'll see that I posted my video watchers today. I posted all my plans. I pre-planned everything and From there is how I executed and That's basically it. So if you haven't seen that check in every Monday for that you can watch the replay So let's talk about a couple things today So I was talking about this morning and Tosh and I was basically just saying a couple things about this quarantine I was saying that like this quarantine is causing so many people to be lazy It's causing so many people to get fat It's causing so many people to drink at home It's causing so many people to do drugs and smoke and this and that at home because there's really nothing better to do Right, there's really nothing better to do. So for me what I noticed is I noticed I've been gaining a little bit of weight I've been getting too much delivery. I've been eating too much junk food So I kind of had to have a stop-loss go off and tell myself Hey, it's time to start cleaning it up It's time to start getting better because I find myself slipping too So this quarantine is causing a lot of people to get complacent by doing by becoming like bums basically, right? So I don't want that to happen to me I don't want to become the type of person that gets lazy and just sits at home and plays video games all day to Pass the quarantine. I need to find ways to be productive. I need to use this extra time to make myself better, right? So talking to Balintosh this morning, I was like, look guys, I want to take it slower I want to clean up my diet. I want to clean up my process in the real world So that my process in the trading world improves too and I've been doing really good trading. I've been I've been on a really good streak. I have absolutely so it's actually another thing that I want to talk about is I have no idea how much money I made last month I don't want to count it anymore because what ends up happening to me is the more I know my own numbers the more I kind of get in my head So let's say if I made a hundred grand last month Next month if I don't make that same number it's going to make me upset Or if I made x amount of money I'm going to feel like I have to keep making that money and I subconsciously create those scenarios in my head So what I've recognized is better that I don't know how much money I'm making I just let it keep collecting I just keep sticking to my process of wiring out when I get to 50k and just doing the same thing over again The less I know about how much money I'm making the less I'm going to be influenced to keep trying to get to those same levels or try to push it I know that if I just focus on my trading and focus on my process the profits are going to come So I'm trying to ignore the profits as much as possible. So the days are adding up I mean I feel very grateful, but let's kind of talk about trading today. So Every single morning what I like to do is I like to walk you guys through my process of the day So that you guys could take bits and pieces of my process and mold it into your own right So for me my process always starts the day before So that's sunday right today's monday sunday is when my process starts So let me kind of explain to you how my sunday went so that you guys understand what the hell is kind of going on So My house has basically become like a fucking hotel for all my friends my friends come over they drink all the alcohol Uh, they use up all my natural resources like paper towels and cups and water And yesterday was a really really nice day in new jersey again. It was about 70 or 80 degrees So they all came over to day drink right and here I am Fucking sunday the day that I am supposed to not do anything not party not do anything get a good amount of sleep I find myself outside day drinking with my friends And sure I slipped up sure I shouldn't be doing that but man I'm just so sick of being home and doing nothing that just going outside in the backyard and having a couple beers was fucking awesome So what I did is I cut myself early from that I stopped drinking around five o'clock. I watched tv and I went to bed early Right, I went to bed at like nine or ten o'clock, which allowed me to wake up early, right? So I had to stop again my process from monday started on sunday I had to stop myself from drinking with the guys. I had to sleep early I had to follow my same routine because had I kept drinking had I kept partying I would have been hung over this morning. I would have not traded optimally which have led to me kind of being upset with everything so Every single day. I am trying to improve my process. I do get sloppy from time to time But when I do get sloppy, I still try to pick it up So coming into the morning. I got a good amount of rest. I wasn't hung over. I felt good And what I'm doing is I'm looking at the low hanging fruit of the day I'm looking at the stocks that ran on friday that tanked and looking to short them today So some examples were stocks like cap R CAPR Stocks like MIS T mist Uh, so those are kind of the low hangers on the day and every single day There's usually a hot chick or multiple stocks are popping up So for me, what I've noticed is I don't want to attack the front side on these day one stocks on these hot Chick starts stocks. All I want to do is wait for them to tank and short the bounce So let's start with a n i x annex. So pre-market. This was down trending, right? So what I personally like to see is I love to see a stock Downtrend pre-market because it's showing its cards early, right? It's showing me what it's going to do early So because of that, I want to piggyback a pop on it And although I missed it although I missed it bow caught it, which was good, you know, I'm not perfect I can't catch everything but that's usually the best stock of the day to trade on the short side It's when these stocks tank pre-market They do a dead cap bounce it open and that's a low risk high reward trade So a good job bow for catching that I screwed it up because I was watching apdn So let's talk about apdn apdn was a stock that was running pre-market, right? This stock went from I don't know fucking five dollars to like $13 pre-market. So there were a couple red flags on this to avoid a pre-market So let's kind of go through that The float was low. I think the float was about two million shares And pre-market it traded the float red flag number one day one red flag number two SSR Red flag number three, right and really nothing else was moving which is red flag number four So pre-market this stock was squeezing straight up if you short a pre-market you would have been dead So my mentality my thought process was okay. There's a bunch of red flags here But is there going to be an opportunity for me here? Maybe maybe not who knows but if the stock tanks I am just going to stick to the same misc process that we preach every day Which is when the stock tanks you short a bounce. So I said to myself, all right If this stock tanks if this stock shows me some weakness I have no problem taking a small starter size with less size than usual because the trade is a little bit more Risky because of all the red flags. So this morning pre-market apdn tanked from 13 dollars to like 11 50 and bounced to 12 dollars at the open So on the bounce in the open a chat room pumper started buying it And there was a brick wall at 12 dollars if you draw a line at 12 dollars You could see that the stock tried to push through it came back push through it and came back And after doing it the second time it had a death candle So it's stuffed from 12 dollars to like 11 dollars or 1080 or some shit So I mentioned to the guys in the room that is a death candle. It is stuffed It is confirmed if it bounces. I'm going to short it So my plan was to short a bounce towards 11 50. I was going to scale towards 11 50 I think I got 11 10 11 20 instead and then a tank. So boom I made my money on the first tank Now the stock was even more weak It's more and more sellers start to show up. So I did the same thing again I said if this stock bounces towards vwap, I will short it Bounced towards vwap faded made money again. So on this stock and then it did it one more time So on the stock I traded it three times All of it while it was under vwap while it was broken while other things were moving So even though pre-market I was not interested in the setup because of all the red flags The price action proved to me otherwise The price action told me that this stock is going lower. So because of that I piggybacked the pop with small size I used I think it was like 3000 shares like Two or three times, right? So that I think I made a little bit over a dollar a share every single time So I'm going to post my chart to the guys in the room. I already posted my fills But that was basically it for the day. So Today, let's kind of recap what happened. The low hanging fruit didn't really move. Okay The hot chick of the day tanked And we were there to kind of short the bounce So not all days are going to be like Not all days that we plan for something pre-market are going to follow the plan exactly So today was the type of day that my plan pre-market was to avoid it Yet when the price action proved otherwise when the stock tanked Hey, I just got in with a small amount of shares They would I do best which is short the bounce and took it from there, right? So every single day as traders We are trying to make the most amount of money with the least amount of stress in the morning APD annual stressful until it broke down until it went on backside and then every single pop was a short So remind yourselves guys On mondays on mondays my I usually perform really shitty on monday. I'm really excited to trade. I love trading It's like I wouldn't be who I am without trading Um, so I love it so much as a passion of mine. So I get so excited to kind of Show up and work every single morning, which is great But the truth of the matter is is that every single day I'm not looking to bank every single day. I'm not looking to make 10 grand a day Every single day what I'm trying to do is focus on the process Make money consistently, right make money consistently and from there the profits will add up I think I'm on like it has to be like a month a month long green shrink I don't think I've lost in like a month and again the reason why I am not tracking this is because I don't want to get in my head I don't want to tell myself. Oh, I've been green for a month. I gotta hold it for two months No, my goal is to just show up Find the highest reward lowest risk trades Make a plan for it and attack it, right? So that's kind of what I did today Uh, there was another stock that I traded. I want to talk about it was rcl rcl You guys remember that r stock? I want to talk about that as well So if you guys could type it here, let me let me see the ticker and then I'll talk about it So people could type it up and look at it rvp. Thanks guys So rvp is another stock that I traded today and this was actually my only loser of the day So let me kind of talk about rvp. So rvp was the stock that was popping up in the morning Um, and I found myself having a little bit of fomo, right stock was easy to borrow stock was up a bunch I shorted some at the 230 line and 240 level Or 220 230 something like that And I stopped out for a 10 cent loss, right a 10 15 cent loss I went back to the well I reshorted it again. I lost another 10 15 cents So here I am down 700 dollars on the stock, which is really nothing for me. It's not really anything. It's just I it was a stupid trade to be honest. It's a little bit of an embarrassing trade that I did But I was basically just shorting it for no reason. I shorted it because it was up, right stupid As soon as I caught myself and as soon as I realized what I was doing I stopped out for a loss twice So stopping out is a little bit hard guys because you need to have a hard stop anyone that has anyone that's using mental stops Is going to have deer and headlights uh syndrome So I highly recommend that everyone uses hard stops But today what I did is I stopped out on the stock I lost 800 dollars on the stock and I told myself, all right What did you do on apdn you waited for the stock to tank and you shorted the bounce When I stopped out, I think it was four dollars and 50 cents I stopped out at the high of the day, right? How many times does that happen to everyone? It's almost every time when you stop out. So I stopped out at high of the day I was a little bit pissed for about a minute until I kind of caught myself and said Why are you pissed? You stuck to your rules. You had a bad trade. You stopped out You stuck to your rules wait for it to top out and then short the bounce, right? And then short the bounce So after I stopped out at 450 it tanked a little bit Bounced to 440 or 430 Reshorted that bounce with a high of the day stop and I was able to make back most of my loss So I walked down my 800 loss to a 35 loss by just staying calm stopping out And reshorting once it proved to me that the top was set I was shorting front side of the move on rvp and I lost money on front side of the move I waited for backside of the move and then I made money So it always goes back to the same thing that I talked about today on apdm If I was shorting apdm on the front side of the move, I would have lost money But because I waited for backside of the move, I made the easier money Rvp if I ignored the front side of the move and just waited for it to take a bounce I would have probably had an 800 win So it just reinforces the same things over and over and over and over again, man It's like it's like we keep repeating ourselves guys We keep repeating ourselves because that's the only way that the process gets ingrained in your brain and your brain You have to tattoo this in your brain because I know that if I stick to the process, I know I will make money It's when I deviate It's when I deviate that I lose money if I am shorting front side chances are I lose money If I am just being patient enough to wait for backside, not only am I making money I'm making a lot of money and I'm doing it with zero stress So I have to fucking tattoo something on my fucking hand that says backside only but actually is someone Do you guys see me? Sorry? I think I gotta cut off My back guys. Can you guys see me? All right, sorry. Yeah, I'm Everyone is home here. So the internet's getting screwed up, but yeah about exactly. I am glad that I stopped out Here's here's what I did on rvp. I used small size and I stopped out Had I been greedy had I not stopped out? Maybe I wouldn't made money this time but the next time that I didn't do it I would have lost all that money plus more So I am sticking to the same process the good routines the good everything every single day Because I know that's the only way that I get paid out the proper way So that makes sense guys And if you don't know what front side versus backside is we have videos on this We have free videos on it too. So please don't be lazy and just type it in the search bar Any other questions guys? Let's open it up to q&a I Remind everyone about streaks and how they can end. So that's actually a good point pal. So There's going to be times in trading that you are in the matrix and times in the trading when you are going to be in the gutter Oftentimes when you are trading very well You let yourself get sloppy You let yourself get sloppy with stops. You let yourself Give these stocks too much room to move against you So usually a streak ends with a really nasty loss So I've been on a great streak lately And I know that the only way that I could stick to the streak is if I Act like it never happened if I stick to the same process Over and over again and take it from there every single day. We are process driven guys process driven We are trying our best every single day to focus on the weak stock I was talking to james about this and he was saying that his entries have been terrible lately, right and The truth of the matter is his his entries have been terrible because he's had so much FOMO man. He's had so much FOMO so It's just it's we all it's like I've been trading six years. I have FOMO bow has been trading 20 years He has FOMO so getting rid of the FOMO urge is going to take forever But that's why we have a tap. That's why we have a team around us to keep us all accountable, right? So I'll give you an example bow on friday. I think it was friday or thursday He lost money pre-market on uavs, right and He took a loss. He stopped out whatever But what we told him what me and tosh told him what his tabs told him is stick to the low hanging through instead Get your confidence back And then when uavs does tank you could be there, right? Training is a game of confidence too if you are on a great streak You are more confident than usual Which also helps and hurts you sometimes if you're too confident you become cocky and arrogant And that's what happens to a lot of these guys on twitter They start making a little bit of money They think they are experts and they blow it all up and you never hear from them again So today's lesson is the importance of using stops The importance of stock selection picking the best stocks and the importance of recognizing when you are wrong Like I was wrong on rvp getting out and getting back in once the trend has confirmed Because this all makes sense to you guys Let's open this up to q&a now So if you guys have any questions type it into the bar here and I will go through and start answering them Also side note guys if you are new to trading or you want to get into trading you have any questions about trading You could text tosh who's one of our mentors at mic at two one three four five eight five nine nine seven Until I answer any questions you have I'm getting some questions now. So How often do I hotkey? I don't use hotkeys. I only use limit orders aka fantasy orders What personally makes me a consistently profitable trader? I have a repeatable process that if I follow It will consistently make me money over the long term. I have risk management rules I have setups that i'm interested in I have a bunch of different things that we teach at mic That you could learn as well That is going to help create a repeatable routine a repeatable process for you to make money every single day We are looking for the side chicks. We are looking for the stocks people forget about We are looking for the stocks people don't care about because that's where the edge is If there's too many eyeballs on a setup the inverse usually happens Where was your stop on rvp? I think it was high the day at 440 or 450 and I stopped out top tick How do I select my stocks to short? I I have so many videos on this You must have fast fingers like tosh but not fast. No, I pre key in the order So I'll type in 500 shares at $4 So that all I have to do is hit the short button or the buy button. I don't have to waste time clicking Numbers in How do I determine my size on each trade? It depends on the type of setup If the stock is like an a plus setup like a first red day I am okay risking more money, but if the stock is a day one low float There's not much edge. So I don't need to risk that much money Do you think the market is harder now than maybe the last three weeks? I think this is knock on wood some of the easiest trading market. I've ever seen man It's like every day you're showing up and there's five to six place to choose from you Fuck up on one play you can make money on others if you are not succeeding in this market It's probably because you have no idea what you're doing and it's time to learn Name three things outside of trading that helps your process in the market Having a routine in the real world also helps with creating a trading routine, right? Where would I have stopped out on APDM bounce work? Probably if VWAP proclaimed because that would probably be a VWAP reclaim setup How many shares that I use on APDM? I talked about that before But if you were listening you would have heard that I used about 3 000 shares about three times on it How do you get your mentality back after a big loss guys? We have so many videos on this But the truth of the matter is that when you haven't lost the spark notes of it is that your goal Is to wake up the next morning stick to your process And make one dollar to just regain your confidence right because once you have a losing day you doubt yourself I doubt myself So it's all about going and sticking back to the process because chances are you deviated from the process That's why you lost You invest in real estate as investments What I do is I pull money out of my trading account and I put it into other assets Yes, there's no point of having all this money sitting in the bank You have to wire out pay yourself and put that money into different places to work for you But to be honest, uh looks like a recession is coming Looks like there's a lot of people unemployed So I will be waiting with cash in hand to buy distressed properties and hold them for the long term The members that join monthly do they have someone to go over their trades every day? You have about 1200 members to help with your trading So yes, and if you have any questions, you could hop on the phone with austin tosh Harry tom james for a mentorship call right? No one else does this stuff for you guys What's the maximum numbers of shares a trader should use it all depends on your account size, man Just because someone down the street is using 10 000 shares doesn't mean that's what you're going to use Maybe he has a million dollar account. You know what I'm saying? Your goal is when you're just starting is to first start paper trading for a month learn the mechanics start trading with 100 shares Start making money first. You must be consistently profitable making $10 a day And then that is the building blocks for you making $100 a day And then a thousand dollars a day All right, so the last thing I want to talk about is the accelerator program So we've realized that a lot of people don't have the time for this stuff, right? We have 700 plus videos in the library and what we've noticed is a lot of people are lazy So we've kind of created something called the m i c accelerator Which is going to be a seven hour course that takes you from not knowing the single thing about trading to not knowing what a stock is To placing your first trade in seven hours. So this is a revolutionary course That condenses all of our 700 videos into a seven hour course It is not just short clips of a bunch of videos. It is a brand new piece of content guys brand new piece of content We've been beta testing it with lifetime members for about two months We've kind of refined it and made it as top notch as possible Uh, so we should be ready to release that by next week. The way it's going to work is this guys If you are an annual or a lifetime member You will get access Right, you will get access for a lip. So let me kind of Backtrack first. So lifetime members will always get it for free no matter what right? So if you are a lifetime member you have access right now And you could watch it forever no matter what what we're going to do is we're going to have a one month promotion For annual so if you join an upgrade to annual in that one month time slot You will have it for free Right if you join in that time slot you will have it for free forever But after that one month is done after that promotion is done It will not be free anymore People do not value anything that's free. We have four free trading dvds and people don't fucking watch it It took us six months to make this course. We've been beta testing it for another two months But what we want to do is we want to reward all the members that have been loyal So if you are a monthly member you might as well upgrade to annual or lifetime Because that will be your access to the dvd course forever, right? You will have access forever But after that after the one month promotion if you are Just joining new or you are a monthly member There's going to have to be a small charge because that's the only way people appreciate things So for all the lifetime members i've seen it they love it And we've actually used their feedback to improve it So this is going to be revolutionary guys not knowing anything about trading to placing your first trade in seven hours Seven hours now you don't have to watch 700 videos anymore You just have to watch one seven hour course and you'll be set and if you have any other questions You could dive into the video library dive into the search bar Type it. Let's say let's say you watch the accelerator course and you think first red days are where you would Where where you struggle right first red days or where you struggle You could go into the video library type in first red day and watch all the videos on the first red day to improve The accelerator course gives you the building block. It gives you the foundation you need, right? So bow says it the best trading is like building a house The ugliest most annoying part is building the foundation The fun part is putting the couch and painting the walls and this and that so this course will give you The foundation that you need and then where you are lacking You could go into the video library and type all those questions in and find videos on that What about if I already have a strategy and I just want to join the chat room Do you still pay for training videos one week free trial for the chat room? Once you join m.i.c. You get all the videos for free guys You get all the videos for free So join for a month and access all of the content and as for the people That want a free trial your fucking free trial is the 700 free videos on youtube If that's not enough for a free trial for you Not trading is not for you cousin. I hate all these free trial people man Free trial this free trial that Why don't you watch the videos? That's your free trial the free videos on youtube Bow says he wants to do something to help people Would like something let me see Let me just catch up with some of these questions. All right, let's do this guys. So Bow had a good idea. Bow had a good idea. He said let's do this So let's do a special promotion guys So what we'll do is if you text tosh right if you text tosh right now and You work with him Send him the code jump start to two one three four five eight five nine nine seven Text him the word jump start and we will see If you know what let me see if I can do something better. Let me see if I can do something better Um So we'll do this If you text tosh the word jump start to two one three four five eight five nine nine seven and you join annual today We will give you access. We will give you first priority access To the course as soon as it comes out So the course should be out in a week maximum So let's do a special type of promotion hit up tosh using the word jump start He will work with you on a special deal And we will give you guys a little bit of early access to this just I really don't want to do it pal. I really don't want to do it, but you know, it's fair It's a fair thing to do So we'll take it from there guys Uh text tosh and when the dve comes out, we'll give you the access first come Do you guys have any more questions for me? Let's kind of do a little bit more of a q and a and then we can kind of wrap it up What is an ssr pop? Go to youtube.com slash my investing club in the search bar right ssr And you'll have videos on your question Why was apd yet in ssr if it was up yesterday and today yesterday? I mean on friday it got triggered How do you determine where to put your stop? I put my stop where my trade thesis is no longer active Guys, you have all the videos right you have to ask yourself if you lost more than 200 today trading Right, you could have paid for a full month of education with that money Right, so ask yourself if you lost more than 200 and you think you don't have the money to afford education It was just gone like that. You probably lost more than 200 to be honest So use this time to your advantage You guys see me Sorry, i'm this internetist garbage Is day trading profitable during a recession? Well the market's been tanking now and we've never seen so much opportunity in the world So if anything a recession is good for day traders because it creates so much volatility I think i'm losing this shit I think the internet cut out. All right guys. I think i'm just going to wrap it up. I don't think the uh The internet's working shit All right, i'll be back soon guys Remember text jumpstart to tosh 213 455 997