 All right, we're now recording, dude, the Fed just announced 0.50 instead of 0.25 and the market dumps. Look at this, bro. This is spy in the last 30 minutes. If you weren't paying attention to it. Uh, we all knew it was coming guys. I think this is the recession beginning. You guys, everything needs to put a stop guys. You know, I mean, whatever your time horizon is, unless you're willing to hold through five to eight years, potentially, who knows, right? Yep. This is just a warning for everybody right now because the market's been straight up for 12 years guys. Everything has to go back. Look at market cycles. Usually it's around four or five years. We had historic 12 to 13 to 14 year bull runs. How many years has this been? Dude, hold on a minute. Let me go to a 15 year chart, bro. I don't even know. Oh, shoot. I don't have a 15. I have a five year. It's like 12 to 14 years. Bro, it's, it's so long. Like you have to think that this has to like come back a big, like at least a big corrections at some point. So this is what I'm trying to tell you guys. So the guys are the whole, I mean, a lot of your kids, including you, Tosh, have not even been alive since the recession. Yeah. I mean, you might have been just fucking, you know, barely out of fucking high school. Bro, probably like online wire for God's sake. So, I mean, we still have a hotmail account, you know, we still do, but, but AOL account, but, but guys, so this is the, so before we start this, I want to show this tweet. I'm not trying to make fun of my girlfriend anything, but she's. But we totally are. That's what you got, buddy. You know, when we say we're not, we actually are. This is a good point with the markets pulling back. Hold on. Let me, let me go back to buy my tweet yesterday. That's like, that's like the saying, no offense, but yeah, like a little bit of offense. You know what I mean? All right. Little bird talks a lot about that is stand up. What you got. This could be funny. Oh boy, here we go. My girlfriend really doesn't understand what I do. She asked me if I, if I knew who Kathy would is I laugh. She told me she follows her pics and showed me the very first time her portfolio and all the stuff. Only thing up is Tesla rest are garbage like PLTR and I'll pull this up guys seriously as a fucking shit show down huge use my girlfriend. You use my girlfriend as an example of what not to do. She has no plan, no stop just because she followed someone else. She read a blog about online. One thing she did well is she never added to a loser just held it all the way down 60 to 80% because she ran out of funds because she bought a one stop shop. My 10 year old son, for the first time this past week, he bought two shares of Tesla. Let me go to Tesla now so you guys can see. He bought two shares of Tesla at 600. He doubled his money. He's doing better than 99% all the traders out there lol. She owns all the ball. No, she owns Baba at 268 average or so she's getting smoked. Dude, I was with her on that bro. I literally owned Ali Baba I think during this dip I was buying and I sold it because I was like dude I don't trust the China companies right now we're like there's just too much politically going on with all this shit and I got thank God I got out man. Yeah, so just shows you guys I mean the thing is, so this is the let me let me get my diet code. And the thing is guys remember what Baloch said, if you're an eight to 10, like long term outlook, you can pretty much buy anywhere in the spy and be okay in a decade but guys, if you're not trading like that and you're day trading the shit you cannot just be a bag holder. So, that's the difference. Whenever I meet someone. This is a good one. That's the best line of the day. Well, I mean, she showed me just two days ago. I logged in I'm like what the fuck. I've never seen portfolios all down every single one down 68% bro. And that's the thing that just shows you guys that you know about. So my advice whenever I meet someone. They find out what I do that they automatically asked me for a stock tip. And like that's not what I do right teach you a trade and so this is the one thing that always tell them, like, if I had to teach them something about trading and pretty much like 30 seconds to a minute I tell them this. What the hell the stock is going to do 100%. The only thing you could do is my advice here is anything you buy is okay as long as you pre plan. And the plan includes we're going to enter. We're going to exit for both a winner and a loser. That's it. If you do those things guys you're better off than 99% of people out there. You pre plan your trade before you get into that's when you are most not bias right not meant emotionally bias, but he is always this guy he is the risk management. You need to place a stop a stop you stop basically an exit either you exit for a winner or a loser. Most people don't have a fucking extra plan either for a winner or a loser. Because if it goes up they don't want to sell. Now, could you imagine like learning how to drive your car and not wearing a seatbelt like are you out of your mind like what that that's like going to war without a gun. Like dude, guys, if you go to a trading day, you have to have a plan we talked about this earlier in the beginning this webinar. That's what separates real traders from non traders or people who wing it and people who say, yeah day trade dude, I'll give you an example I went to Miami this past weekend. Bro, I met a couple guys at the dinner table multimillionaires but within different fields of trading. They're like yeah man I used to trade. I'd make 200 grand a day and then lose 300 I said yeah man you had no fucking plan bro. I think you want to come back and learn. That's the point guys is like everyone was once a trader. Don't be. Hey, I was once a trader be hey I'm a trader now because of every day I X, Y and Z. I have my wrist management I have my plan I execute properly. Right. Otherwise you're just a gambler. Oh I was a trader. No dude, you were a gambler. You're not a trader. You see what I'm saying. Yep. Rob s I had a plumber over and he saw my screens and asked me if I had a stock tip and I told him the best tip is not to believe anybody stock tip. They just told him to buy that by the fucking dip on Ali Baba. No but that's the thing guys the thing is you guys, whatever you guys do you need to have an extra plan. Next plan once again includes where you're going to sell because not knowing where it sells just as bad as just not fucking eating the loss right so place it in whatever you do you place it in because that's the most time the most clear so and that leads to this risk management I want to give a heads up to me here we go. I want to give a shout out kkp. EP. Mr KP here. Let's go. Now do you want to read this out or yeah you read on go for it. Okay so KP said FYI these risk settings for max loss etc are available in DOS, at least for success trader clients, you may have to ask them to enable it, you can set them up by going to trade slash accounts right, then right click your account and select edit risk control I've no I have no idea this was possible instructions right here and then guys this is what it looks like. This is sick, you can put in a so you can email them and not unable to email them and then you put in, but in my opinion guys you look at this email to set it like you cannot reset it back. I'm so sick. Because what happens is man you degenerates you degenerate gamblers, you will fucking trigger that max loss and then go back and treat this fun thing. Oh I know some of you motherfuckers in here we've had some phone calls. I know you still do that. I mean I don't enable it because I don't want that option bro, because you know that man you blow up the fucking, you know you reach your max loss. And then what I guarantee you're going to go to the screen and edit it back. Yep, exactly because because it's convenient right now it's so convenient to do so so people do it. Because you can't help yourself man we when you hit a certain maximum loss, you just go red, like you I mean it's just like revenge trading and just can't help it man. I do it all the time so fucking pissed I'm like, everything stopouts always at the top of the bottom guys. If you're short you stop at the top, you long stop out the bottom, and it bounces man, if you sell that shit for a fucking major loss, it will go go bounce it will bounce back on you like shit I just exit at the bottom of the top so. And then when you lose you lose always more than you want and when you win it's never enough. So I know don't don't just just use the screen to see what you can do the type of things. The way I do is this guys, I said at the max loss particular. We talked about this last week, set up for ticker, do a small amount because what happens is what's what you lose a certain amount of that ticker, you're just blocked from that ticker, you can go back to that ticker. You can start trading something else is fine but don't mess with that ticker. If you don't trust yourself just block yourself entire account, because if you if you lose your if you max out on on a particular ticker, you may have revenge trading ideas your head on another ticker right. So you only you only you yourself know how bad of a degenerate you are 1000% you guys guys the thing that's so fun about trading is you're going to find your identity in here you're going to find your comfort levels where you're not good. Well you need to get better at you're going to really learn yourself in price action but people lose themselves when they don't protect themselves and then, then they never figure out who they are. That's the whole point like this is so much fun, but you got to take it seriously and the people that treat this like a hobby, for lack of a better understanding, get hobby results but if you treat it like a career guys, you show up, you're your own CEO. You write yourself memos you have deadlines you you freaking go to work on time you set the risk parameter like, like the point is yes you're your own boss but dude you need to take it seriously. This is a business man is not a hobby. It's a hobby for people who want hobby results, simple as that. It's as simple as that. If you offer this is super helpful because I can see the down count is a setting I'm such a degenerate sometimes I override the five second countdown to stop me out from a max loss. Dude, do I even know there was a heartbeat like that that's fucking deep that's good man. So knowing the risk parameters here you can set it's fucking great. Because man law time you're like, you know just pressing buttons like an idiot. Yeah, sometimes you need a fucking time out right and that's your time out. Sometimes it's hard to give yourself that time out right so you need things like this. It's called systems guys it's called systems in any industry businesses have systems that help them eliminate the emotion. That's the point. Do you guys have any questions anybody on YouTube post your questions guys anybody that's a member please post in the webinar channel that's listening and please post your questions. Remember this is why everybody gets into trouble. How do you decide and determine what type of trader you are ie short or long trader small or large cap. Now you want to tackle that first. My advice is okay if you bread if you're that new and to trading. Observe the first step to do is watch the videos, watch Joe Kelly train basics and especially the accelerator guys everybody should be watching these we don't talk about that enough lately. You gotta start with the accelerator. And then the next step is to watch. It's like anything it's like becoming a doctor guys you don't know if you want to be a fucking, a fucking a heart doctor, you know, or whatever you want to talk to a foot doctor and doctor. Or like, yeah or Dennis like of some sort like you want the medical field of some sort but it's very fast right that's as well. So you have to observe and see which one fits you, and then start paper trading. Start paper trading to see which one you're better at. Hell yeah. You don't have to try guys and then you don't have to try with real money. One good thing about one good thing though about success trader is the fact that there's no minimums. And using the MIT route guys you get a brief date back as bigger than your commission so basically it acts as a demo account. You can put in one share and start trading one share guys. Two shares, 10 shares, 100 shares, whatever you want. But you're gonna feel it because you actually have some skin in the game so not having those minimums is like the biggest game changer for retail traders that's ever been done on a DMA broker. Yeah guys. You guys don't understand man how big this is like you have to get success there's my advice to all you demo traders don't use it more than a month. What happens once you use it more than month because of bad habit the fills are very different on a demo account. The feeling is very different because there's no skin in the game. So using just 10 shares, you know 10 shares how much you lose a few bucks right. Well a stock a small cap goes up a dollar you lost $10 you know you can't lose $10 and you got some problems but then go back to one share right. So whatever this guy's using instead of using a demo account too long, you know use a live account with one share two shares 10 shares whatever you want to use to look at look you bounce 10 year old son Vegas is kicking all your guys ass man he's doing two shares of Tesla I love it man. I'm like how would you get that money. I'm missing all money from my fucking pockets. Vegas is the real CEO of MIC. That's awesome. Wow that's five ounce geez. So we're all PSK wincy on YouTube. Do you guys short we do short buddy yes we are a community that does small caps, long and short big caps long and short swing trading and options calls and puts so we actually tackle everything for our members yes. In fact, as you can see like if we just go to watch this channel right here. These are the shorts that we were paying attention to in small caps today as you can see. There's a lot of lines not every day they do, but we're we're we focus on shorts in the main trading room, and then large cap there's a lot of longs and then we have a swing room for swings and then options obviously, you know are there too. So you have whatever you're looking for. That's the point. Bruce Wayne, I straight up feel like a paper, like a, like a paper trader for too long still Bruce and elaborate on that or you're saying you're paper trading for a while or talk to us buddy let's let's flush out the problem here. Yep, post your questions. Don't be shy. Oh, before we get to it by are you here bro. I forget for a month. Byron are you here. Byron. If you're here. Oh, nice. It looks like it. Yes. Yes, Byron. What's up buddy. You want to add barn on to get to be too. Let's transition out. Let me introduce Byron. And then that obviously relax man. Dude 100% hold on one second byron let me let me get you buddy. Totally forgot. Again, my bad my bad. Now a question on, or actually let's see if Byron comes out real quick. Hey, can you hear me. Yo, what's up buddy yeah. What's going on. Thanks for the invite. Hell yeah man. Yeah, let me I want to choose Byron. Okay, we do we've been watching him he's been very helpful to the community and his dude his training has just been going, going really well and and we asked him he wanted to be a junior junior moderator and he agreed so I don't know what he's he doesn't know what he's getting himself into. But you know what I'm glad that he's around to help everybody someone let him introduce himself. Congratulations buddy. Hey, thank you. Thank you so much. This is a shock for the invite. Appreciate it. But yeah, so live in North Carolina. 35 married for kids. So I'm like one of those that have gotten into trading a little bit late in the game. I started trading probably end of 2018 got introduced by Tim Sykes the whole thing just wanted to look for some additional income didn't turn out that way. I ended up blowing up an account, even ended up taking out some credit card debt at the time, and then blew up that account so I took a year off from trading, just to study, try to learn. I ended up in mid 2020 gained some consistency last year found in my sea last year that also helped just learn a little bit more my process and just really took off from there. Definitely spent a long journey, but here gaining some consistency and look into eventually walk away from my full time software engineering job that I'm doing from home. So, my advice is keep doing what you do your day job because that day job helps you to do not be stressed. Oh yeah for sure. Do it like me we were just talking yesterday and Harry, do it like me I was a software guy to do it so they fucking fire you bro. Yeah, they get to the point where you can click that paycheck it's very hard to hire you. So, you know, say, yeah, I mean the bar the bar would be so high. My wife and I set the bar so high for what what constitutes being able to actually walk away from a full time gig so yeah, it'll be a long time till we get there. And that's good man so what I did was, well when I was your I was actually your age man. I was an old guy too. Yeah, when when I walked away and I told myself two years at least two years of what I would make as a software guy saves up in cash. So, that was the benchmark I put myself. Yeah, that way like hey I give it two years, 100% two years and doesn't work out and go back to my job. Definitely. But guys, all these aspiring traders guys is very difficult when you don't have money to pay your bills to think that trading is the lottery, especially when you start out new. So, it takes time to learn man. We are still learning every day. Not every day is going to be a winner guys. And then the more stress you have from your normal life, the more chaos you have the more chaotic your trades will be. Yep, exactly. Absolutely. Absolutely. So some people are, are I feel like Byron yet this guy, I'll be just said I feel like Byron to be able to walk away from a full time shift job congrats by an investment look like it's a lot right it's a lot. Yeah, no, it's definitely a lot I mean the, I know that the bar said hi, but at the same time, I feel like definitely gained the confidence through just knowing what those weaknesses have been that have, you know, to track it from my account just like, not position sizing, not setting hard stops like all the things that I've been learning here at MIC that have really helped me just gain that consistency that I know it's just doesn't matter of sticking to that and not trying to hit home runs when they're not there and yeah, yeah, for most, for most, for most people, supplemental income is, is, it's great because being a full time trader doesn't mean you trade all the time guys. If you have the ability to sit around all day most of the time, most people don't have the discipline to not gamble. Right. I mean, I want to walk away but I'm here helping you guys sometimes I get so bored, I enter a trade and I end up losing a ton of money right. Let me ask you a question but now that you're like really really doing this don't you realize man like all of the fluff on Twitter is just other people and being stupid and then it's literally just you versus you man is that so cool. Man, it really is and I've heard someone say before and it's really true that like one of the coolest things about trading is the self discovery. Seriously, the one of my biggest things that's just been like impulse control like about as mentioned just jumping to a trade out of boredom when you know it's not an APA setup it's not really within your niche and just being able to have the control to sit on the sides, sidelines when you feel like all this money is just flowing out in front of you but it's not wise to try to chase it. Yeah man and every day you're just trying to get better at what you're either already good at or lacking so you can just fix right like it's just you versus you man every day. They just get better at you know then you were the day before. Yeah. Yeah you sure as you versus you because all these guys losing you're playing as the market makers. There's a lot of excuses. Yeah, I know. No it's definitely you. The biggest contributor is definitely you. Just greed and lack of lack of knowledge just not knowing what a good process is. He's not the lags on dust. I've lost a couple of trades that way but it's definitely not been that's been like maybe 1%. There's a couple questions targeted for Byron specifically are you small caps or large caps and what does your process look like for you bro if you can go over it a little bit. Yeah sure so I'm definitely a majority small caps, like I'm drawn to the short side. I have that when I mess with large caps is really only when there's pretty large moves, like a huge drop to the downside, for instance like yesterday. I probably classify VIX the VXX as something that's typically more aligned with large caps but with that huge drop they had yesterday afternoon I just waited for a good bounce. And that'll be the times when I might jump into the short side there, but primarily small caps. And I would say that my process is, you know, since I have. I mentioned I've got four kids, and I work from home so my morning is typically I wake up early around four or five in the morning to try to get some work done to allow myself that some more trading time during the day. Wake up the kids around seven. Take them off to school and I'll be back in my chair at home around 839. So that's where they're all market. This is all market time. Yeah Eastern time that's right. That's right market time. So then that's when I'll sit down and check out the watch list you know check out Alex's watch list check out Tom's watch list. I'm going to look at scanners just to see myself if there's anything up or down that I might take interest in and then really just, from that point just wait for some of my patterns to pan out. I don't typically, I haven't, I haven't mastered low hanging fruit yet. So my entries are typically much later, maybe around 945 10, I might wait for an afternoon squeeze it tires out to get short. But, but yeah, this one man morning to be looks like. You got a lot on your plate bro I'm proud as hell of you damn. Yeah man it's it's crazy. So check this out guys. Byron here has four kids full time job like all this and he manages to make it work guys. So if you want something bad enough and and notice Byron is not just printing right you are tell us how you got to where you joined and then I mean you didn't just fucking one day wake up and start telling these charts like I see now. No, oh absolutely not I mean I people talk about like like log your 10,000 hours. I've seen by now 1000s and 1000s of charts I've seen these patterns that repeat themselves so many times it's been taking years. And even dating back to when I said like I jumped back into trading like 2020. Since then it's been like every day studying charts, studying other professional traders and finally finding MIC studying all the charts that are posted there watching as many of the videos as I can that you all posted. And yeah, it's just been logging all that time to finally get some comfort in the market to where I feel like okay I've seen this so many times before I know how to control myself and how to risk properly. I know what proper proper proper targets are getting better at fantasy orders that's been huge. I've learned from MIC to just remove some of the emotion out of it. Yeah, just taking it from there man. I love that man I'm really I'm really proud and happy for you man this is really cool like dude another success story with MIC is just it lights us up and seriously. I appreciate it. Shout out to also Stephen and Vic were kind enough to invite me into their tab group so hell yeah tab community now and I'm learning a lot from those guys too so hell yeah it's been great. This is awesome to hear guys. Anything else so barn now. Well, good luck. I guess you're gonna get a little more DMs as a little more DM now. One good thing though guys what I like about teaching is the fact that teaching actually helps me to be able to understand my own process better because you know sometimes you think you know something until someone asks you a question you're like, Holy shit I don't I don't really know. So, you know that's the part of the education process not you not only educate others but you help yourself learn it better because no it takes a while to try to understand your process complete to the point where you simplify enough to be able to explain to your mother right. What do you do. Definitely or your or your 10 year old son who's trading better than you are. Hey man they can pick it up they can pick it up and I can retire even earlier degree. That's because that is I'm this hard stuff he doesn't he doesn't need to fucking make money right. Make it all money because he doesn't care. Sure. I saw coming on man. Yeah, thanks for having me so much. Yeah, I really appreciate it guys. I love them I see you love growing in the community here and just thanks for everything. See you buddy. Thanks man. Thanks man. Guys did we talk about priced in or what man you don't get bounces on this list that shit's priced in that's crazy. Wow. Guys, I think okay so bad if we go back to Bruce Wayne, when he was saying earlier, he straight up feels like he's paper trading for so long still so he wrote it out last year. I was learning to take a big loss relative to my account, then I started to paper trade and I feel like I stayed there for too long because I started coming up with a process, then I switch back to real trading with real money. It was different and I had to relearn a lot of things mentally so. Yeah, but yeah, you know me let me comment. So basically the thing is this guy's once you make it. Once you take a big loss, you're scared. I'm scared. I mean I make, I make money at five days in a row that boom fourth day take loss right. So for example, and then every time I take a loss I start to doubt myself seriously guys after all these decades whenever you lose anything in life you start to doubt yourself. Okay, one thing you have to remember though. Okay, why are you afraid you're afraid that, oh shit a couple reasons there are many reasons I hear about trade that even good traders are afraid of. They started doubt themselves thinking, was it all luck all this time. Yeah, seriously, number two is, holy shit what if I make a mistake and I lose my entire account. So what you need to do is this guys. Once again, this is why I talked about the max they lost at the broker level that big loss relative to your account will not happen guys, if you set up that risk parameter. Because of the fact that you said that risk parameter. If you're still afraid lower the max loss, lower that max loss because now what happens is, I don't afraid I don't trade freight anymore, because I know that even if I fuck up that the system will take me out. That risk parameter is your risk compliance officer. That is your parole officer that's fucking telling you you would not go back to the fucking penalty box you would not go back to jail losing all your money. You know, so set that number to whatever small number you like until you get ready to move back up to a bigger size. Well, and I think, and I think guys it's very important for your mindset and your mental clarity that you don't look at people like bow or Alex myself or any of the moderators as people who don't experience these emotions still we still get scared we still get we still deal with FOMO it's not like it's not like that was not human dude we deal with this, even after we've been trading for a decade or two decades like dude we still have to battle these every day. That's why you never just make it and then get complacent you have to learn and grow and adapt and grow and learn and adapt and and and we're still dealing with FOMO every day. This is why having a process of a plan is paramount and nobody talks about this enough outside of every time I think I overthink I get paranoid I suck myself out. So do not overthink this is why fantasy orders are important. I make my my fantasy words I put in my little orders and then that's what I know that though those those lines are the lines I want it to hit and so I shouldn't be scared. Can you imagine trading two decades and still get scared and FOMO yep thousand example that that's what it's like guys seriously is human emotions guys exactly and I and that's why I always always think about ways to how to help alleviate these issues for traders new or old. I never knew the existence of these max daily loss auto liquidation until recently. Yeah. And so when we found out a year ago whether the hell it is I'm like what the fuck I've known this when I started training I would not blow accounts how can you blow up account you can never ever blow up account again if you set up the right risk parameter right guys. Definitely. This is why I said you guys forgot the fucking secret now that I could not crack until all this time max daily loss set at the broker level but you have to do it and auto liquidation. So now that we now that we know this stuff like truly know this stuff and like legitimately teach it. It's so funny when I hear like people talk on Twitter like maybe they're competing service maybe they're just a random trader maybe there's some random dipship but they're always like I'm so scared of like blowing my account and I'll never be a trader again it's like dude I don't like we don't even have those type of conversations anymore like why it doesn't even make sense dude when you protect your account it's like having a ticket to the stock market for the rest of your life because you're not in. So help your friends out. Maybe. Are you here broker lease I think he's a dentist. If he's here. Guys, tell everybody, but on this max daily loss guys, if I buy the ticker or buy the entire account up to you, but make sure that you know you have that on, because you know you will fuck up guys I guarantee you everybody everybody will fuck up from time to time. So someone someone asked on someone asked on YouTube, do you guys teach OTCs I figured you'd be the best to answer that. Yeah, OTC is just the same as any other stock that is broadcast, except I don't accept the problem OTCs the routing and stuff. So successor actually is one of the rare brokers that that's the broker I usually have to trade OTCs back in the day so OTCs you need a special broker for that and successor is a good broker for that because it has a night route. Nice David just said email them today had it implemented in minutes what did I say guys customer leading. Well, industry leading customer service. Oh, yep. I'm telling you guys, everybody watching this webinar right now. I don't care what broker you use. Go try to set up this mass they lost us. Definitely. Definitely. Guys, any questions while you have me about for a little bit longer any questions about trading maybe things that ran today. Oh, that's actually a really good question. Si, how flexible do to the lines should fantasy orders be. Well I have well I scale so I said half of it before and after just to just to make sure that average up. So again, Si, it's like when you have a strategy that's technically line to line, you have to figure out what you're willing and comfortable to scale sometimes the lines are a little bit further than trader a wants to scale but trader B is like oh dude are you kidding me I'll scale three lines so again it goes back to process. This is where paper trading simulation trading helps. Every time I look at stock I am always paper trading in my head. So what I'm guessing is it going to go to the line how far the slippage is of the line. So they're slippage so sometimes I do have before lies that you have after you know just one bullet depends on what it is right guys. Yeah, it's not an exact science man I'm telling you, it's not an exact science, but it's an area is an area of interest, a line is an area of interest. Does your approach change at all when you see a daily theme like when we see all China names gapping this pre market now. It depends on the theme. I've never been good the Chinese crap. Chinese crap is just fucking this crazy man Chinese shit like it runs Chinese shit in my opinion is good for long. Look at some of the plays today that kill a lot of the people ZH KC. Look at that stock KC. Yeah, like, I think that you shouldn't expect. So when I identify right I avoided for me, there are certain things I like, because what I do is this okay you have to identify yourself are you long buys or short buy straight right if you're both in good. So if you spot an early theme, you go long in the beginning of the early theme place is the early theme in sector place go back and review the sector play videos that mean made the last sector play video was what the oil to oil was a big one that we did it well right guys. Now that was just last week. So now is Chinese names. So Chinese names still early so what's going to happen is, if I wanted to now I'm going to wait for the head of the snake but I don't know enough about Chinese names to know what the hell the head is taking the Chinese names because the theme is too big it's just like the whole fucking Chinese because you because what happens is that the Hong Kong index or some shit went up like 9% today. So all these stocks are going crazy so I don't know enough about China to even touch it so I don't know I don't want to really touch it. It's oil US oil we understand I understand oil well shippers I understand shippers. So those themes you know they pop up again I can understand but sometimes the themes just too weird for me and I just don't know enough of it to trade it. Exactly. Look at this bad dude we're almost back to highs on spot are you kidding me with this so built in man. Wow. Oh, nice. Thank you stocks layer in TZ trade zero max max daily loss can be set one sign into the home webpage cool. The dentist is working on me and they all hear cursing. Tell them by Ali Baba. Oh man. See now that's that's dedication guys that is commitment right there man he's getting and he's getting his he's getting his teeth filled and we got a root canal poll today. Guys any questions any questions specifically hit us with any type of psychological questions price action questions. This is your chance to finally get out of your comfort zone not be shy and it get help that you need. Well first of all no one knows at the bottom the market's coming. If you think a barely dip one day dip is the bottom you got in trouble but you're in trouble. I think I think in the micro like, like today yes but in the macro dude, not even close the pull up a 10 year chart. This is just like a blue. This is like a little blip. Here's a five here's a five. So this is like a little pothole, but the pothole is like the little scratch. So the thing is guys no one knows what the hell it is 100% certainly make a plan whatever you do I keep saying this guys make a plan whatever you do, you know and have a risk parameter predetermined risk. I use our side guys if I'm using the daily chart and like big caps and stuff and like honestly we're a little bit it was a little oversold right here as you guys can see but still it doesn't mean it can't go lower so who knows if it doesn't go to 340 did you never know when like a massive market crash or like a depression is coming, we're technically in kind of a recession right now almost. Yeah, the thing is that they knew that the feds going to raise race and stuff so that it was kind of baked in. Yeah, so I mean but the problem is it's easy to say I say it was big and it kept on going down to always surprise does you know. Now you know it's crazy bro here's the power of lines right in the areas of interest dude listen to this before this did this major crack like it was literally just taking right here bro we said that this was this was a serious line that you need to pay attention to. Wow you guys see that draw the lines look look at the lines line up go to the left bro bro we yeah literally live it. The top of the line. Right here right here right here. Oh my god right there guys so that's the thing every cracks to there that's going to start going to the next line line. Bro we called it when it was literally here like even before that it was like right here before you came on wow that's crazy right. Maybe the law. How did you know it's gonna work. Well, you don't man but I just said when it was taking fast I was like I bet I wonder if it'll break this. Very key line place your feathers or is right there you would have filled. And then and then bro you can take it one step further and go pivot points and it's like bro you if you scale into the pivot point like this is your starters making money like. And then all the indicators that we told you about the support line right there and the pivot lines for large capital works really well. And so worst case you do is okay but cracks go through there you sell yourself. Seriously. And good job guys. The lines work man look at the big one line he drew crazy shit man. So what happens the lines and once again guys, the line is an area of interest, the pattern the direction you come from it could be a support or resistance so notes on the way up it was a major resistance and finally cracked it into one two three four times five times the cracker right. Yep, we actually said exactly because I was giving myself a little two program event we said I bet you 425 is a really really key level of support boom look at it. It's crazy man take a look at go to the left and you see how many 12345 times, and then what happens once it breaks guys. Oh shit even more right so once it breaks the resistance though the old resistance becomes the support. Guys, I'll like try to make this as easy for you as possible literally. And you know and it doesn't have to be exactly to you can just kind of see where these tops were like do look at this like, like, are you kidding me, you see I'm saying. I thought I talked to them real quickly on this concept of resistance and support and how the resistance now it turns into a support. Well, it's just, I mean you say this way better than I do but it's just because it's it's such a psychological level of interest so to speak that on the way up guys it's it's kind of like the first. It's not even psychological it's technical is a technical. So think about these lines as elevators on on apartment high rise. Yep. So you're going from one apartment up to the next right then one level one floor up to next so these are all this is what we call technical analysis guys so it's me. So technical analysis is like basically it's, it's probability based upon statistical analysis from the previous thing so the only thing the only thing that you can do to guess what's the future is based upon the past. Right guys, and so that's always this is always doing it's a self fulfilling prophecy because what happens is a lot of the programs are based upon this so that's why the pivot lines are so strong because all the I'll go the program around the right. Exactly. Well and what I said psychological like that don't you think a lot of people are like waiting for those lines like traders and stuff like the psychological still works though what happens is. So it's actually more technical. Well sure technical but there's some psychological baked in there right like hold on. This is the reason why because what happens is, each one each time it gets to that point there are a bunch of bag holders or a bunch of supply at that area. That's why it works. So it's a supply from the previous guy that's fucking back holding there. So, so well it's psychological in the sense of yeah but but when you look down is technical the psychological ones are the whole and half numbers. So every so what wouldn't what that's why we were 25 yep yep yep. And so those are the things guys so for those like 400 even though it's not a technical is still a line of interest for us because it's psychological. I think people like to sell and buy a whole numbers who's buying for 413 right they're like 410 you know exactly exactly. Yeah it's psychological in the sense that the technical works guys because like, this is here for a reason like when you identify easy I'm saying you can break down the psychology of price action. Mix questions so so so what happens when the lines up up there's. So the more in the cares line of guys the more confidence I get to make that trade so the lines are closed like that the pivot line I, I say some for both lines. So that was the example that we just use right so Nicholas so remember you can scale into a pivot you don't have to just literally wait for the pivot line if you don't want so if this is a huge tank and it's accelerating it's a long journey and this has to bounce at some point. And we use the 425 look you're not hitting the exact pivot line but what if it doesn't make it hence exactly what you saw. Exactly what you're what you're saying right here when you mix lines, brother this is a very, very key line and put for support, and then if you mix it with skilling in up to the pivot point. Now you win. That's the point of like mixing line line a line right. When is it beneficial skill and both first cut at the first re attack when they're very far away from each other. When they're very far away. So would you agree on that. Like when is it beneficial skill into both versus cut at the first to reattacks this on YouTube. Yeah this on YouTube. So copy and paste that so everybody can see that as well so. Oh, oh no no no I'm sorry the question is I thought you're asking if we're doing YouTube but no it's right here. Both. Yeah, Nicholas. All right from everyone. Remember these, when you cut it for a loss is when you exit those, those are the things that you predetermined everyone's going to be different based upon your time frames and your, in your strategy my strategy really short term that you can cut it once that line is not being supported anymore right. I, I say bullets I'm not all in on one line so I use, I can use two lines. So you determine which one is best for your trading. It all, it all revolves around your risk management. How do you want to do your risk. You want to be more conservative and where each entry now is smaller, so that you can have wider stops. Remember smaller size wider stops, in my opinion, solves most of your trading issues. Smaller size wider stops. I love that man. God that that like changed my trading career years ago when I heard you, you're about you're the only person preaching that back in the day dude. Dude, I'm still preaching a lot of these sites and showing giant P&Ls. And so people think they need to size up. What happens is when you size up there's no room for error. Very small room for error once you size up. You see my chart it looks ugly as hell. But you know what man I have a lot of room for error. Yeah man everybody on Twitter is just a dick swinger that just wants to make it seem like the bigger the number the better you are it's like dude even veterans have to size down when they're not on a winning streak like are you kidding me. I aim for consistency you know when when the say a plus plus plus like first Monday, then you can size up. You know you save the sizing up but when you're messed when normally I like to size down and have water stops. I would recommend that by looking at the stock. See there. That's what we call range of the stock take a look at the high and the low. See how far the stock moves some stocks range very small. Yeah, because it's too big volume so the bigger the volume, the bigger the flow, the smaller the range. Hell yeah, it takes more volume more shares to move a stock. That's why it's very dangerous to short front size low flow because there's not many shares and the range is so huge. You could be 300% Lucid sounds ass on YouTube. Oh I have a good way of saying this. How much space would you give it if it broke under the pivot line before cutting so I'll just give you like the reverse example Lucid of what we did here. Say you're actually waiting for the pivot point like some people make that their starting point so the stock is going up. Maybe you start shorting right here, but it goes to the next line and the next line is close before coming back down. You have to understand that you might want to scale here to that so it's up to you brother. It's like, it's like how long did it make the journey to the pivot point. Did you started the pivot point or like on this long. When you started 425 maybe you cut if it breaks the pivot point because you've already skilled earlier on the buy versus it also you know it also depends on your size. Yeah. Once again, those are your risk parameter rules. Are you playing risk. Take a look to one post a video there's a bit on how to properly take a stop loss guys, how to properly take a loss. I don't want to repeat all the reasons why you will stop people can stop out on a technical line price. I don't want to repeat that stop out because of the hit the max loss for that trade or time based factor like zombie out when cut that shit off. There's many ways so go into the view library guys, how to take a loss, how to probably take a loss. There's a bunch of videos on that. Guys, like, I'm telling you man like we have search feature we have the here you'll find it all here guys. You'll find it all everything you're looking for. For example, is it is it similar to how price tags tend to be 499 instead of five in the store, you will feel it is cheaper when it's only point oh one away. Well, he's talking about price targets and like the psychological levels, I guess. Yes and no that's not extremely correlated but remember just how does the, how does the human mind think right sigh. So like how does the human mind thing bow just said it perfectly if if someone's buying on the dip they don't want 413 they're going to wait to 410. You know what I mean, like, I do 499 and cut them but most people want to sell at five bucks. I will do five or 50 cents because your mom your mom is going to sit there and put a long term sell out at five or five bucks. I do 501 499, you know, yeah, you know but but to be honest guys, I is up to the up to the market and what what it is because there's always slippage guys there's always going to be slippage the elbow is trying to hunt the best prices for the elbow. So sometimes it will trigger just a small handful of shares so 499 and five bucks. It may seem like oh it's a penny but there's a big difference between let's say only 500 shares feel 499 but a million shares feel five bucks so sometimes I only get a partial feel because I'm trying to be tricky, you know, so it's up to you. It's a lot of times it's fucking random guys. That's why I spray around a certain area, instead of doing one bullet I do that break the bullet into two, or just you, I mean, you figure it out. You want to be too early. I mean you want to be a little early or a little late. Definitely very well said. LBS bow can you give a small account update where are you on that. I'm transitioning to success trader Alex is starting to that too so so. So I don't have those updates are pretty much kind of like a limbo right now with that same account. The markets been pretty, I've been kind of just just flat lining without not losing so it's good. Yep. Definitely. I took a chunk of them. So I'm just kind of sitting around on that. Hell yeah wire out man 35 once you get to 50 wire out once you get to 50 wire out once you get to 50 wire process. Nicholas got a question. I think we got everybody on YouTube thank you guys for asking questions awesome. This webinar ends if you have any questions during the week, or you're like Tasha still need a little bit I just still need to get my questions answered before I join. Just text me 213458597 I swear to God it's me I'm not a bot, not the algorithm. As long as the text comes through I'm here to answer it guys I promise you. Thank you for posting those David those are great videos. I missed the driving with bow series now we got to get you driving again. Guys guys guys is too expensive. You might do a walking with bow. piggyback riding with bow. hitchhiking, hitchhiking with bow. You're straight up the funniest guy I know I swear to God. Those driving series may not happen for a long time. You're ridiculous. I'm not back when you're in San Jose, brother granny in the hill. Oh, man. We miss bow huffing and puffing up that. I think I can do that again. Troll trolls were like, he's dying he's gonna have a heart attack we're like no dude he's talking and teaching and fricking up a vertical hill. That's pretty hard bet you're gonna walk and talk. I know didn't bet trolls are like he's gonna have a heart attack. He must be on drugs. He must be on coke and drugs and all this stuff. What the hell did he's just hiking and teaching getting beaten by a grandma. I have a question about the frequency of trading I am having a hard time finding the consistency every day technically if you want to end the day green every day. Wouldn't you have to trade at least a couple times a day like you about. I train when the opportunity is there guys. I don't want to focus on just ending the day green. And so they force a trade to be green don't do that. When the opportunity is there I trade. Yeah, everything about that question Nicholas was about a little bit about hey, I can feel myself forcing I'm forcing. How do you do it do you force to resolve no no. What you're forcing bro is when you need to pump the brakes and wait for your lines your setup your trend, your get by whatever it is. If you feel like you're kind of chaotic and winging it and forcing anything revenge trading. That's when you're in trouble even the whole question is like the energy of forcing. You know what I mean I can see you're really over complicating a buddy. Wait for your lines man wait for your lines. So, exactly man just just trade with opportunities there guys. Yep, fantasy orders Nicholas fantasy orders is going to change your life, whether you trade once a day, or two times a week but they're really good trades, and then you're most of the time if not all the time green. What's its limit orders if they hit the hit exactly now a guy that's exactly right fantasy orders buddy. I had the same issue but fantasy orders and lines really help exactly so I just confirmed. David I missed three or more entries today and didn't chase I'm read on locates, but that's just the cost of doing business. Yes, exactly right and if we're just talking about trading and not broker fees. Right, if you if they don't hit your lines, you don't force Alex dude I don't even think Alex traded today right Alex said he didn't trade today and here's the thing. He didn't lose the things did not hit his lines. And that happens every now and then that's okay. That's okay. Getting drunk with bow we need a series, like drunk history. Hey, alcohol is cheaper than gasoline right now. That was put in Iraq it is freaking Ferrari. He's putting the handy dude man I adore dashes and now they're putting a temporary additional fee for to compensate for gas. No way that's like when COVID first struck man in restaurants for like COVID charge and it's like what the hell. Yeah man once it's out putting that search charge on they never take it off. Okay, it's still COVID dude, they're still doing a fucking black plate search charge from back in the day. Spanish flow. Now I couldn't believe it but in Miami over the weekend bro all the restaurants I went to all the gratuity I've never seen this before. Maybe it's not a West Coast thing I have no idea but all the gratuity is like automatically charge your receipt and then they ask you if you want to do additional great to me. I was like wait what the fuck. What is this that they do that to for you when you're drunk you don't know that they already put a freaking 18% gratuity. I was going to say like I felt like I was about to double tip I didn't even know I was like how the hell is the chicken sandwich $70 on what the hell. Yeah man you gotta be careful on that. The good the honest ones will tell you tips included. Yeah they didn't tell me bro they dropped that shit off but I'm like an accountant I'm like. It's worse if you're drunk on a club and they already put 20% tax on that dude they have a couple items on a club 20% gratuity they have a club fee. I don't know what the fuck the club fee and then they have a digital life and there's a when they give you a bill they don't give you they don't tell you and you're like fucking end up tipping like 50%. Bro, I've seen it in clubs though I've never seen it in like a restaurant before I was like what do you mean the shit's included already. Hey, you left your little cold compound wherever you are now you enter the big boy club. The regular world bro. Congratulations. I know man I never I was always like our little touches brought up. I never travel bro I never tell you tip your order for pickup. That's a good question I. I need tip for pickup. I mean what you nowadays I go to fucking whole foods and have a tip jar out what the fuck. Bro tips are getting honestly out of control like sometimes I'll tip on like a pickup but dude, I got to really be feeling it man because sometimes I don't bro. Guys, I'm going to put on tip jar to so. We're going to put it. You can tip and dogecoin. I mean dude that's just ridiculous man I went I went to check out groceries I saw a tip jar out like what the fuck. What the price already ridiculous what the fuck man already poor. I was like I walked out of whole foods got a sandwich for $50 what fuck you with. Hey, here here's a tip for you. Bazzy or. Right now that that tip line touch the digital tip. Oh I'll give you the tip. Oh you want a tip. Let's see let's see that smoked with that sneaky auto. You gotta be careful bro the tip in it. Funny have my wife look at a receipt in a steakhouse because I didn't have my glasses said it looked good and didn't say anything about gratuity already added and I ended up don't you know what man I never look at receipts Alvi and now I'm going to look at all of them. Check this out guys I even heard a bit I found a bigger scam. So what happens is, you know when you get drunk that they always say double the tax. As a quick 1815% right taxes like usually 8% 7% whatever right. And so, so what do they do is do I went to a fucking place in California where they, they manipulated the receipt and show the huge ass tax and a smaller sub total. What the hell. So that the drug guys would fucking double the tax. And then now they're paying like 40%. Oh my God. Everyone's been told to double the tax right as a quick way to do it right. And so I caught them because I'm a math geek and shit right. I confronted them and then they're like, Oh, the, the register must be broken this is I'll fix it. Then I turn off that we don't have an asshole to I turn to my neighbor. That's your receipt. And I was like, Oh my God. I'll just tell everybody in the store. It's fucking crazy dude. The master is registered register Al go is broke. Yeah, get the fuck out of here. scam right. Unbelievable. So you have to be careful nowadays guys of all these crazy scams. inflation is so bad in LA that they're just they have to I got everybody. I hate it when they, they, they, they, you know, they use the iPad. And then you sign your name and the tip is there and they're looking at you. And you know what. And then you know, like they have a choices that quick choices. I was like, how do I get out of this tip. So some of the choices, I mean, you know, but it's a realistic shit right start with 10% and move up to 20. So these places start from 20%. No, dude. No, no, no, bell, bell, the Starbucks in Miami. I went to every single morning for three days, bro, had as soon as I was done putting in $7 for a goddamn latte. They're like, your minimum tip is 15%, 20% 20. I'm like, I'm like scrolling down all the way to zero like, fuck you, dude. What do you mean a tip on my star rate? It's already an eye gouge. And I'm like, great, this guy's going to spit my fucking drink. Yep. Yep. And then looking at you, bro. I was looking at me like, I'm going to kill you. Like, I know you'll be here tomorrow, motherfucker. I mean, I don't want to sound cheap as shit, but it's like, this is a point where it's ridiculous. Now I got like, you know, you want to, they have all these charities on there too. Do you want to add an extra 25 bucks for $11? I'm like, at the end of the day, you check out like 100% search. It sounds like assholes. We're not, dude. It's just, again, a tip is meant to be tip for your wonderful service. If you're not providing a service other than your normal job, there's no reason for a tip unless you actually want to throw some cash. Didn't you give a big tip to some girl over the weekend? Oh, I definitely did that, but we'll save up for next week. Yeah, guys. So any other questions? I want to get away from this. I want to tip you guys, you know, if you're nice to the junior mods, send them a nice fucking subway sandwich for lunch. That's a good tip. So, you know, they help you guys out a lot guys. Have them post their Dogecoin wallet. I'm telling you. Guys, this is an awesome webinar. I think we should probably wrap up unless. Oh yeah. So a couple of things guys. So any questions on the new broker? Because a lot of people are still waiting for replies. If you have any issues, broker liaison. There might be some applications that they may have actually overlooked to process. So just kind of like keep that in mind. Like, you know, they were getting swapped over there, and everything's good. Any issues? Head us up. Let us know. We are here to help facilitate the process for you guys to migrate over to success traders movie as possible. Definitely. Definitely. So cool. I tip the hairdresser. You did the hairdresser. So the thing is, like, this is, but my rule of thumb on stepping is very simple. It depends on the person, not the establishment. I hate being forced to do something automatically because convention. It depends on the person. The person is nice. I overtip. I'm not like, do I have tipped Uber drivers 100 bucks in cash before many times when I'm drunk on my fucking ass and they don't, they don't tell me to put on my COVID mask. I fucking tip 100 bucks. Seriously, man. Seriously. It depends on the situation in the person. The bathroom attendance. I always tip nice because fuck, man. They're, they're spilling my shit. Literally. And I'm like, thank you, brother, for being here to serve me instead of fucking robbing me outside. That was like, that was like, I get to leave with my Rolex still on my wrist. I'm going to tip you. So I made quick story before we get off off. So I went to this bar for like years and I've seen this guy as a bathroom attendant. This was a small bathroom too. Not one of those big posh ones, right? A tiny one right next to the fucking toilet. And he's been there for a long time. So every time I see him drunk, I'm giving him advice on, you know, life and shit. And so after eight months of this, eight months of me helping him, he goes back and finally did it, man. I find I quit my, I quit this job and I'm going back. I got a new job or going to school or something like that. I have used a thing for it. It was a fucking like the best feeling in the world, man. And so the best tip sometimes is not monetary is your time and your experience to help others. And if you don't think that your experience just being here is good enough. You, you, there are millions of people out there that wish that they were in your shoes guys. So don't ever think that you are not worthy of anything just because you just cannot trade well, just because you don't make a million dollars. There are people in out there in the world that wish they were with you. So the best tip sometimes is not monetary. Sometimes the best tip is just your time, your kindness to them and your humbleness to them and give them hope, give them hope. So that's so sick, man. Let's end on that guys. If you have anything last minute question for next week, we'll absolutely get to them. But that was awesome though. All right guys, we'll see you back in after ours. All right guys, I'm going to go get some food and not tip. No, I'm just kidding. We'll see you guys.