 What's up everyone today's Monday today's YouTube live day. So as you guys know, I haven't made a YouTube video in a couple weeks I've been traveling to Utah. I've been kind of dealing with some personal stuff. I've been tired busy You know working whatever it is. So It's been a while since I made a YouTube live. So it's good to be here. It's good to be back And we just came back from our meetup in Utah. So we hosted our fourth year anniversary event in Utah We had about 150 people come show up We had, you know, food drinks. We watched the UFC fight all together, which was crazy An overall was a great experience the lifeblood and the soul of MIC's to host meetups And we haven't really had a meetup in a very long time because the pandemic But now that things are opening up again now that things are kind of getting easier to travel to again Except for all the delays we plan on having more meetups in the future. So hopefully you guys had a great time at the meetup We have some photos on Facebook. We're probably gonna put some photos of Instagram soon We have a video of the event that's probably gonna be ready in a couple of weeks And aside from that it was overall great great great experience So thank you everyone that came to Utah and what I noticed is pretty much everyone that came to Utah the next day When we were trading some people had their biggest days ever this meetup motivated a lot of people It was that missing piece for a lot of people and not to mention it was free, right free free free So it's probably gonna be our last free meetup these events cost a lot of money to set up So yeah, we'll see you guys at the next meetup So what I want to do guys is I want to talk about my red day today on any RV But before I talk about my red day I want to kind of recap the current market that we're in the cycle that we're in and you know What you could do to make sure that you don't lose your ass in this cycle so Obviously guys if you're watching this channel, you know I've been trading for about eight and a half years now man eight and a half years So although a lot of people started trading during the pandemic two years ago People start trading six months ago from 4x signals, you know, I've been here eight and a half years almost coming up on nine years I can't believe it. It's trading has been almost a third of my entire life. I've been trading, right? So anyway guys the point that I'm trying to mention that is because just like in small cap stocks Where you know, sometimes the longs are in favor and sometimes the shorts are in favor The overall market cycle that we are in right now is a bear market cycle So we've been in a bear market cycle for about ten months now ten months. Okay, it's a long time But on the flip side, we've been in a bull market cycle for ten years So that's also a long time, right? So it's almost like we're battling each other the bulls and the bearers are battling each other And the thing about MIC is the thing about our process thing about our strategies doesn't matter if it's a bull market bear market Donkey market draft market elephant market. We're still here making money You know last week or the week before I had probably my biggest week of the year I made two hundred something thousand dollars on that bath and beyond. I Nailed a seventy thousand dollar day I nailed a ninety thousand dollar day and I probably nailed another thirty thousand day somewhere in between there, right? So I've been doing really well in this market, right? So the short-term day trading that we're doing is going really really well because you know to be honest I mean the opportunities are still there, right? So what ended up happening is in the last two years the stock market turned into a casino People started gambling in the stock market And I want them to gamble as much as possible because we are not gamblers. We are professional traders What we do is we look for patterns in the stock market and when these patterns appear when these patterns show themselves We like to bet heavy on these patterns The best example of a pattern is the example. I give a bow at Disney World, okay? Say we're gonna make a bet that bow is gonna get drunk Okay, if bow goes to Disney World, there's maybe a 50% chance. He's gonna get drunk But if you say that bow is going to the club There's a bottle of Hennessy and a couple Asian girls next to him I know 100% of the time he's gonna get drunk So I bet heavy on that situation the Disney World situation is a 50-50 setup So just like in the stock market instead of betting heavy on those 50-50 setups I'm betting heavy on bow getting drunk at the club with a bottle of Hennessy, okay? So that's how you have to think about trading. You have to think about it is when is your edge in favor? Bed, bath and beyond was that example of bow drinking Hennessy So I bulldozed into bed, bath and beyond and made hundreds of thousands of dollars, okay? But today was an example of bow at Disney World There was a 50-50 chance that any RV was gonna go down. So I didn't use much size I ended up losing about nine hundred fifty dollars I got out around eleven dollars and as I'm recording this video now stock is at fourteen fourteen dollars Fourteen dollars, okay? So I did really well today. I did really well today considering how crazy of a stock this was, right? So the point that I'm trying to make here guys before we get into the details of this video is the MIC strategy The MIC process teaches you to bet heavy on your ideal setups If you do not know what your ideal setup is if you do not know what your edge is That means that you have not tracked your data enough to know what you are good at now I'm not saying you need spreadsheets. I'm not saying you need these fucking crazy pie charts Just go back through your P&L's and see what days you made the most amount of money on Maybe you're making the most money on low-hanging fruit Maybe you're making the most money on You know day one death lines or maybe like me you make the most money on first red day So until that first red day shows up until bow goes to the club you do not size in Because your pattern is not there Trading is about pattern recognition and when you're in MIC as an MIC member you guys are all seeing The patterns are the same every single day, right? Some patterns have a lot of edge some patterns don't have too much edge and that's the key with trading So in these bear markets what people have been doing is they've been trading the same size The same way that they've been trading for the last two years Because you made a million dollars in 2020 you made a million dollars in 2021 All of a sudden you're down two million dollars in 2022 because you got no idea what else happening the market changes The cycle changes So you must be able to adapt and bow being a 20 year trader me being an eight and a half year trader We know when to change Our style and our size in the market and that is what we try to do and try to teach you and try to educate you on So I'm sure you've noticed Whether you have been training for the last five years or the last six months I'm sure you guys have noticed that 90% of traders are losing money Millionaire traders from a couple years ago that got lucky are losing millions of dollars yet. Here. We are Still doing the same thing repeating the same strategies repeating the same goddamn videos that we've been doing for years and Making millions of dollars. I haven't ran my numbers, but I'm well over a million dollars on the air I might even be two million dollars on the air, which is crazy Considering that it is a bear market and people are losing money. It's just a testament to how much our strategy works guys. So number one is understand When to bet heavy in the stock market bet heavy in the stock market when your edge is there When your pattern is there and when you have proven to yourself that that is your best setup So I wait patiently I wait and wait and wait for my first red day to come and when my first red day comes I make hundreds of thousands dollars and still not enough. So If you're a new trader or if you're a trader that's been here for a while number one is find your best setup and Only size in on your best setup. Okay. That's number one Now let's talk about my losing day on any RV today. So any RV was a stock that was running Pretty much all of last week. So if I remember correctly on Thursday the stock tank to around six or seven dollars And I had a small short on it pretty well on it on Thursday And then on Friday it went from like eight dollars to like ten or eleven dollars And I was not involved in it right because I have a rule that if a stock breaks the previous days high the day It is no longer a short. So on Thursday, it was under the previous days high the day So I was able to short it on Friday. It broke above previous days high the day So I was not allowed to short it. So that simple rule will save me on Friday Now what happened today? So on Friday around after hours it hit around 1150 and 12 bucks This morning it tanked to about nine dollars and 50 cents So it had a top of 1150 after hours It tanked to 950 this morning So somewhere in the middle is where I wanted to short for a move back down Now what ended up happening on any RV is it pushed up? It kind of came back down and it was holding so I shorted it and again This was a bow at Disney World type setup. So I did a size up on it I maybe used no two thousand shares when on Bed Bath and Beyond I used twenty five thousand fifty thousand shares right so about a tenth of my size on something like this and What ended up happening is just squeeze me out My thought process was if it broke around above ten seventy ten eighty hide the day at the time I'll just get out and call on a day. It did that pushed up got out and as I'm recording This is at fourteen dollars going higher now broke above the previous days high the day at 1150 and 12 So it is now no longer short again Now what I'm hoping for on this is we get two three four five more days of extension This shit goes from ten to twenty to thirty to forty and then who knows maybe we get another first red day, right? So that's kind of my mindset on this stock guys. That's my mindset now The title this video is how you can protect yourself or how you can make money or how can you make sure that you Don't blow up your account on red days because what's happening guys is a lot of you when you have a red day You let it spiral out of control You guys let that small hundred dollar day turned into a thousand dollar day turned into a five thousand dollar day And all of a sudden you blew up your fucking account. How many times have you been there? I've been there at least ten fifteen times when I first started so I get it right I get it now We've been preaching the same thing for years. I it's amazing to see that other communities are finally catching up three Four years later, right? We've been saying this from day one guys day one MIC's process is based on risk Management, okay, the reason why it's based on risk management because professional hedge fund traders The guys that manage hundreds of millions of dollars have what is called a risk Manager they have someone sitting right behind them that says you are not allowed to lose more than ten thousand dollars today if you lose more than ten thousand dollars a day, I am cutting you off as Retail traders as retail traders. We don't have access to a risk manager I'm not gonna hire some dude down paying fucking two hundred fifty thousand dollars a year to sit behind my back because I don't need it The system is our risk manager So what I suggest doing is the same thing we talk about every single day Set a max size at the broker level and set a max loss auto liquidation at the broker level This is your number one best tool to prevent account blobs forever So if you've ever found yourself blowing up an account It is time to set up the max loss auto liquidation The reason why we mention it every single day is because when we mention it every day people still don't listen You guys are still not listening. That's why I have to tell you every single day So how to set it set it to no more than a day's worth of work I make around, you know five to ten thousand dollars a day. So my max loss broker limits is about ten thousand dollars That's how I do it. If you make a hundred dollars a day, your back's loss should be a hundred dollars That way you could never blow up more than a day's worth of work So imagine if I'm making five to ten thousand dollars a day, let's use ten thousand dollars just as an easy math example I lost one thousand dollars today. I lost ten percent of my stuff So if all goes well, I should be able to make this loss back plus more tomorrow And that is the whole point of MIC. That is the whole point of the lessons that we teach, okay? So I made hundreds of thousands of dollars last week and that doesn't mean that I trade bigger That doesn't mean that I go in larger That means that when the opportunity was there, I sized up. Well, the opportunity is not there. I'm not sizing up man I'm not sizing up. So How to recover after a losing day number one is Show up the next day Just with green, you know, what we say is if you stick to the process the process will reward you So rather than trying to the biggest detrimental thing that you could do to your training after a losing day It's trying to make it all back on the same day or the next day. I am done for the day Okay, I'm done for the day rather than trying to force trades on the day I'm not gonna sit around here all day trying to scalp my way back to zero because at the end of the day in trading losing days are okay Losing days are part of the process The key on losing days is to make sure that they are less than your winning days So if I make fucking ten thousand dollars a day, I don't want to lose fifty thousand dollars because that's a week's worth of work But hell if I make ten thousand a day or let's say you make a hundred dollars a day if you lose fucking ten bucks It's nothing it's negligible negligible, right? So that's the whole thing guys now as I'm talking to stock is squeezing higher. Everything's going crazy. Whatever so The key lessons for this video so far just to recap is Understand that we are in a bare market cycle and things aren't the same way They used to be two years ago if you have not adapted and change your strategy and change your sizing It is very clear that you're losing money It's there's no if ands or buts, okay If you are training a stock that doesn't have much edge size down Size down size down if you just had a very big win whether it's for you It's a thousand dollars whether it's ten thousand dollars where it's a hundred thousand dollars Why are the profits out of your account? So you are not tempted to use it? I made hundreds of thousands of dollars and I'm wiring out wiring it out of my account So I don't see it there. I don't see it there because I don't want to be tempted to use it on a subpar setup, okay? Set your max loss set your auto liquidation set your broker limits. How do you set them call up your broker? Hey, I need to set up a max loss auto liquidation. Sure. How much okay? What's the days worth of work to a 200 bucks? Okay, done. That's what you that's all you have to do It's a little bit of an extra step to prevent you from blowing up your account. Okay So that's kind of where we're at here guys I want to kind of open it up into an audience Q&A right now before I get into member questions in my C Yeah, I've been I've been today what I did is I made a video watch list for members So what I used to do in the past I used to make a video watch this every morning before the market opens I provide a watch list and additionally what I do is I make a video Going over how I found these stocks in my watch list How I found these levels on my watch list and what my trading plan is before the market opens as I guide you you know for During the market open and I stopped doing it for about a month or two because I felt very discouraged because not too many people were watching it You know, we have thousands of members in MIC and only 10% of them were watching it and go figure The saying is 90% of traders fail and the point is that only 10% of these traders are watching and those are the 10% that are successful So I've been really struggling mentally with you know the MIC front of everything I've been kind of struggling because you know, we're in a bear market You know people aren't watching our YouTube videos people are watching our Instagrams people aren't watching anything because number one Most market participants blew up and they have to go back to their day job and number two people don't care about our boring Education and thought about it for a while and I thought about it and I was thinking, you know What can we do to make MIC refreshed? What can we do to make MIC more exciting? What can we do to you know provide more value and get more views and help more people and what I thought to myself is I Don't want to change the Vision and the goal of MIC just to get a couple more people watching these videos I don't want to start flashing my million dollars worth of watches. I don't want to flash my fucking half million dollars worth of cars I don't want to flash all my stuff because at the end of the day That's not what the goal and the vision of MIC is right? So I've been kind of struggling mentally with the fact of what can we do to get more eyeballs in MIC And what I realized is the reason why we started MIC is because it makes us happy So we're gonna continue to make these videos whether a hundred people watch it or a hundred million people watch it because they make us happy I'm not gonna do something that's gonna be discouraging to me I'm not gonna start flashing things that are gonna be discouraging to me just to get more eyeballs so Although our community is small although we are in a very niche area of the market I'm not gonna change the life blood and the life soul and start bragging and showing off Just to get more views and just to get more attention MIC was started so that we could do something that makes us happy. I love trading. I love it bow loves trading We love it the moderators love trading and I love coming on here and I love making these videos whether they be boring or not Where they be fucking flashy or not the people that are watching these videos will become millionaires And I'd rather have a hundred millionaires them fucking a hundred million of them that are fucking assholes And scumbags so I really appreciate you guys watching these videos I really appreciate you guys giving us a chance to learn from us, you know, I've been trading for years and years and years I'm getting very close to that ten million dollar milestone and day trading from all my profits combined I'm getting very close to great great great future milestones and relationships and family and friends and all that stuff and You know, it's kind of been dragging me down that MIC hasn't been growing as much as you know My personal life has been growing but that is just up to people that are serious I've realized that a lot of people are not serious about trading and that's totally fine And for those people that are here watching these videos for those people that are here member or non-member We will continue to provide value We will continue to help whether you want to take it to the next level and join MIC and learn how to really become a trader You guys want to mooch off these free videos, whatever it is. I kind of want to you know, provide more value I kind of want to do more and you know, I will not change my personality And I will not change myself just to get more views because here's the secret guys We make more money trading than we do on YouTube and then we do on MIC. I've actually taken a pay cut from MIC I make zero dollars from MIC in all of 2022 because I'm using my portion of The profits to be able to reinvest it into the business So I take zero zero zero zero zero from MIC because I make millions Literally millions from trading and I'm okay with that. I'm totally okay with that because as I grow as a trader It will only attract more people at MIC So hopefully you guys learned a lot from this video Hopefully I'm able to provide value for you guys and hopefully you guys understand that we're doing this because we truly love it We are truly passionate about it. We truly truly truly want to do this to help people and I hope that you guys are learning because shit, man I don't know anyone else It's a multi-millionaire trader that are here to help you and to sometimes help you for free and to sometimes throw meet-ups for free So hopefully you guys are learning this was just like a little bit of a mental struggle mental hurdle that I've been dealing with because I like seeing growth in every aspect of my life whether it be P&L whether it be friendships whether it be family and The only thing that hasn't been growing is MIC because We're in a bear market because people don't want to learn and you know what? I'm not gonna start flashing anything I'm not gonna start doing anything Maybe I might bring the day trading vlog back because I had a lot of fun doing that like the day in the life of a trader But other than that, man, I'm just gonna go back to helping members I'm gonna go back to making millions of dollars trading and whatever money I make from MIC I'm gonna use to grow the community and help more people So hopefully you guys like this video leave a like on the video Maybe leave a comment with a lesson that you learned from the video and I will see you guys back in the room