 Okay. Yeah, we're recording now. So all right guys, welcome to another weekend mentoring, April 10 this time. Yeah, so I guess let's just get right into it to start going over the charts and stuff like that. I did it kind of differently this time where I did put the entire chart in. And it's just because last time like we were having like a ton of people like posting things like in the in the chat and stuff like that. Oh Austin's here. So what's up Austin. I'm Austin. It's like 7am this time. Yo, what's up. Anyway, he's he's on muted he's good to go. Yo. Yo, what's up. So I miss last week. Oh yeah, no it's all good. Yeah, okay. So anyway, I basically just put the full chart in before, just so we know the context because like I believe on the next slide like we only get like a part of it. Yeah, we only get like this much. So, again, putting the entire chart and right here. So this one UPC. I guess this member kind of he went and went long a bit right in this area. It's kind of hard to tell if you don't have both like if we don't have like this context and then this context as well. But I believe he went long like right here kind of just sold sold sold like I mean I like these trades I think they're good. The ones that I would definitely be hesitant on are these ones. And the reason being is because out of the open recently we've been seeing a ton of stuff moves where we just pop squeeze and then we go way lower and just get destroyed. So I would be careful on a kind of entry like this like I do understand the thesis where you're like maybe some people were short early and you might be able to squeeze them out higher. But you know, you can definitely tell like after we got this sell off it was just all longs buying and just chasing at the top chasing chasing chasing into like 11. And like when we don't have that like demand I think like it's kind of harder for a thesis like this to work, especially with the view app bounce like if everyone is all long and they're all chasing and we don't have any shorts or trap and it's just everyone who's long. So we get like a farmer pump or something to 1150. You know when they're all selling and they're all slamming the bid we're going to get that kind of, I guess like that that just excessive supply where we just slam lower. So that's why I would be definitely cautious on these kind of like bounces you know like, I think just probably like long trap at the open and then we just ended up moving lower so I would be definitely cautious. That's why after we got a candle from like 12 to 1050 like that's a pretty emotional candle in my opinion, you know, I don't know if anyone wants to add anything more. No, I mean, you know, based on this chart, I think the markets opens at 830 am I like his time. Yeah, I can. Yeah. Yeah, so 7am is technically 8am. I mean, you know, I mean that view out reclaim was good. Also, I mean, the, and the open track, I think your first bounce. You know, I would say it's okay, but I just don't like the other two ads right after the stuff right I mean, you know start went to 12. You know, he got his first bounce. Why the heck you still want to kind of, you know, get back into that, you know, the same spot, you know, after when you saw huge stuff like that, you know, from 12 to 1050. You know, just, but, you know, I, I like, you know, that trade long, you know, right, right, the first bounce at open. It's tricky sometimes right when, you know, you can have a rough pool, you know, big one and you're not losing but you know if you anticipate and try to trade, you know, first five minutes or like five minutes at open like that, you know, expect to know the change also. So this, this one is good. Just, you know, after, after the open, yeah. Like, I think for the first bounce like, like, like, I guess, like, I don't know, like, I think for me like I don't, I, you want a quick wash so you can get filled and then that emotional kind of pop back up. In this type of scenario, it's like you almost got a death candle. And after you kind of get that death candle, you're going to scare out a lot of buyers and a lot of people who are already chasing at the top are going to be fearful. And that's why I probably would have, I remember I did and was like, wow, this thing really tanked. That was what I was kind of thinking and why I didn't want the view at bounce. That's just what was going through my head. I repeat myself. I always say this every weekend is if you wait the first 10, 15 minutes in order to see where the stock is going and I'm saying this more to me than this happened to me on Friday with football. It's not formal. And instead of doing what I say that I always wait the first 15 minutes, I got, I got stopped out twice on football. And after I got stopped out twice, it ripped from 21 to 25 stupid, like, if I only would have waited until 945 exactly, the buyers came in and just ripped the stop but I always already heard, because I already stopped out twice, and I was mentally and that's why I always say if you, if you are not bow analytics or you're not used to this type of volatility, the thing that rips from 10 to 1150 look at $1.50 on a $1 stock on 10 minutes. It's a lot of it's a lot, you know, what if you were to get caught in at 1150 or 11, you know, you were to get stopped out a lot of times. That's my way of seeing it hosting. I don't think I can add off what everyone has said already. All right. 100% I agree with you, Clough. Yeah, no, I do think that if you are a newer trader, like, unless it's like a low hanging fruit setup, like, it is good to watch and it is good to observe like, you know, like, even if you just like came to MIC, you're brand new. Like, maybe the best thing to do was just observe for a couple of months and just watch how things move instead of being so emotional with money like, I think that's one thing that I wish I had have done is like, because like once you start trading like, and you just jump right in and you don't really know a lot like, I mean the odds of success really aren't there, like you, I think it's important to like educate yourself, learn how to make money and then kind of observe for a little bit what you would do and then put slowly put some money in and slowly start funding an account instead of saying to yourself, you know what, I'm going to go out I'm going to fund a 30k account. Like this is easy, like that's probably a recipe for kind of like blowing up in my opinion. Yeah, I'm okay, like, I think that like, you know, if you're newer, like it's good to observe I really like that, you know. This is the ACY chart. Again, just adding the chart for context so we know what it looks like and so people aren't like spamming it in the chat, like 20 times. And this is kind of the trade that this member took. A couple of things on this one. I like the entry into like 550. Like it wasn't a premature entry I think like, you know, you, you wait you waited long enough, saw some type of strength just like kind of like purely a kind of like momentum based scalp. I think it would be hard for me to want to long this at $5 because, you know, at $5 like the stock doesn't really look like we're doing anything and like, I mean, like if you took this trade let's say off of $5 support or even at 525 like wouldn't wouldn't be something that I would necessarily want to like long into but I like that into strength I think that's okay. Because your thesis has to be like, okay, everyone who shorted after this halt is now underwater if they're still holding. And so we kind of get that move higher. The things that I don't like about this trade or it looks like it was pretty emotional and that this member didn't really have a plan. You know, that's the problem is that you got a great entry you waited I mean this like, like, if we look at this chart like this move is a bit premature like probably not going to squeeze off this move. We come down, we start retesting again, we've waited enough time for the move to actually work and actually kind of make sense. So we, you know, entry over 550 is good. But like, again, like you need to have some type of plan right. I mean, this just looks like purely emotional saw it dumping after the halt and just got right out right. If you had to stop for maybe like let's say break even, or even if you said okay, my target is $6 or my target is 650 you would have gotten filled and you would have gotten out at the, you know, correct type of price. I think if you had to stop for break even you'd know that you're saying okay I'm not going to give anything back and that might, you know, allow you to be a bit more comfortable in this type of situation. But again, if you had to just preset and said okay my plan is to get out at 650 or my plan is to get out at a resistance level at 645. You know, so we have the good plan for the entry now it's time to start planning for the exit so really good entry but when people are longing like I tell them like, you know preset yourselves because in longing like nothing's guaranteed right we can squeeze to 11 bucks but that can be taken away real quick. So if if your issue was greed and your issue is not being able to sell and your issue was that you have really great entries and really bad exits, you might as well just go ahead and preset all your exits to so you can start growing and start getting higher instead of just kind of saying to yourself okay, you know, I'm going to do it kind of discretionary without an exit plan every single time because when you're just planning your entry and you're not planning your exit, like, you don't really have a trading plan. You know, you have half a trading plan, you know, it's like, so I think that if you need to have a plan on where you're going to exit and even if your plan is I'm getting out at 6 bucks stick to that, like, the worst that can happen is that it rips higher. At least, you're in the green, and you're not in this situation, right, because this trade is the exact same as you just getting out into strength at 6 bucks anticipating a six stuff right. That's kind of my thoughts on it. Yeah, I like what Harry said it's basically that and like I see that he that he wrote that like 670 was the target and then maybe 10. Here's the thing though. This is like kind of what I talked about middle patients before it's like, you're like, you're willing to hold on to it as long as nothing bad happens and that means that you don't. That means that you don't know when you're going to kind of, you know, it's part of like, I don't know exactly where I'm going to stop out it means I'm going to stop out if I see something really something that I that that just makes me like, Oh my God, oh shit. That means that like, you're not that that means like Harry said like if you don't if you don't know that about yourself if you don't if you or if you do know something about yourself like you know that if you see this crash, that you're going to freak out and sell you have to know that about yourself so that you can sell before that happens. Yeah, 100%. Yeah, you got to know that. And one one more thing I will say that I think that's halted it looks like it halted. Yeah. So, if this halt be prepared for the biggest scariest wash ever and before the stock opens, make a decision. I'm going to hold through whatever it is until it gets to X price, or am I, or am I just going to sell it right at the open. Don't be like, well I'm going to hold it for a push but if it tanks I'm going to sell it will tank. So before the stock on halt, make a decision ahead of time be like, I'm going to let a tank all the way to blank and, you know, break it whatever it is and then I'm selling so you don't sell and pack. And that's why I said like just set a stop for break even if you're in this situation, because hell this could dump all the way down to 525. Like, at least you're getting out break even. But I do love the entry here like the entry is really good. Now it's time to focus on that kind of exit. Tom, I don't know if you want to say anything or cloud or, you know, you know, the entry is really good. Yeah. But like you said, you know, this plan is not complete, right, because of that emotion. If, you know, he kind of set it, you know, from the start, because, you know, he entered basically a 550 right. The original risk was, I don't know, like 520 or 530. Right. But then, so I'll continue to go higher. You know, so you have to kind of pick it. Okay. So you have to have to choose. Okay, get out maybe one fourth or whatever small amount just to pay yourself a little bit before getting into that hole. Right. And then set the rest of break even or whatever, but you know, it's really all comes down to planning and you know, entry is good, but it just, you just have to work, you know, with your exit as well. And it is really important too. Yeah, I'm good. You're good. Everyone already said. All right. This is the chart on this one for kind of context. We can go back to it. And yeah, so I think with everyone I've really tried to like with every chart, like, I've like, I've not just picked it because it's a, you know, just a random chart or an order like I've tried to incorporate like a lesson in each of them because there are some charts where it's just the someone who's nailed it perfectly and it's like there's not really a lesson. But I think with this one there, there's a lesson as well because I really do like that kind of just VWAP reject. You know, I'm a fan of this one I like how he said, okay, it's a broken chart. You know, he knows what to expect. I mean the odds of us really reclaiming, I mean, 10 or 12, pretty unlikely. I mean anything can happen but pretty unlikely odds, especially under VWAP. And I really just like how it's kind of like just the first resistance kind of test there. The only thing I would say is that it kind of looks like you waited for the reject, which is okay that's fine but you would have gotten a better fill out of you preset, let's say, you know you would have gotten an extra 1020 cents if you just kind of preset that first kind of VWAP. And we also know it's kind of that first pop where anyone who's bought after the open can get out for at least break even. That's kind of an emotional thing as well where so we have kind of that combined with VWAP which is a way better resistance than a support line. Let me tell you that. And, you know, we have that kind of first pop first test. That's why I kind of like it. He said he took it because of rejected VWAP. I think again like that's okay but maybe in the future you might want to just preset have a defined risk. It'll make your trade less emotional and it'll probably allow you to hold for a bit of a fade. But as we can see here we kind of dump and then we test again and then we end up going lower. So I mean, like when we're down here it's like at the very bottom of the range like you have to take it off. You have no choice like you can't be the guy who's holding for seven and then six and then five. Right, you got to take it off like we're at the very bottom of the range it's like we're in a situation where it's like how lower can this really go like we've gone so low and such a so little time that we're, we're expecting that kind of bounce higher but you know again, I think that this trade you know, definitely the lesson in it is just, you know, trust that kind of first resistance. And yeah, he said the setup is VWAP reclaim but I think that is a mistake because this is not a VWAP reclaim bro. Anyway, Austin, I don't know if you want to add anything. Well, no. What one thing of note is it's a very thin stock so if you didn't want to put it in order ahead of time I can understand the fear, because this one is like, I'm sure this one had a spread of like seven cents or something. Oh my gosh. So, but again, you know, it's double edged sword because that on thin stocks you want a good price to so I don't know. It's a very. Yeah, it's a very, it's a very difficult tricky because like, you know, these have you know these can reclaim really hard but so it's just, it's a little bit of balance like you can get probably a little bit more size if you preset the order. And if you don't preset the order and go after you do I would say that you do have to minute, you know, mitigate your size a little bit. It's a trade off. Yeah, agreed. I just one thing to add on this one like I often says this one is a little further. I think the flow was like 2 million or something or maybe under three. And on this type of play, if you don't have a plan. Okay, beforehand don't trade it because you have to give a stock enough range to kind of, you know, to work. You know, simply just wing it just wait for the stuff to pop and then I'm going to get it. No, on this type of play, you have to. And like about it, you know, have to focus on a one good entry, maybe 950 1010 50 even, you know, because it, it needs that much of room to kind of, you know, to work, right, not like something, you know, with the large flow when the range or like you think about one or two cents that's easier to get in and get out. But on this type play, if you don't have a plan don't trade it. And I mean this trade is really good. It's just, I'm not sure if he got in, you know, before or after rejections because that one minute. I think. Yeah, so, you know, either way, I mean, that's pretty good but he got in like 947 the stock pop all the way to 990 or more so it's like 50 cents right against him. And he ended up covering like for 40 cents so the recent reward here is not like something I really like, because you're okay for the stock to pop for 40 or 50 cents against your position. You find with that but then he said you're covering for 40 cents, it just really doesn't make sense to me. Yeah, but you know overall the entry is good. Actually, it's okay as well. Wow. What you cannot see up the chart is that he reclaimed twice one time again after that, like the continuation of the shorties that did it again. I'm not going to add anything because I think you cover up everything I will not shorted $2 million, $2 million short, $2 million flow. I'm not going to do it. I'm too much of a sheet person in terms of, in terms of scare. I don't know, I'm not going to talk about it. You can, you can continue. Okay. This one, Jay trigger again. I just thought that we could highlight some really good short plays because I really do like this one a lot. And this stock was a bit of a thicker one I think I remember like it was a bit of a thicker stock. You know, bit of a thicker float I think, and we end up kind of just, I guess like moving higher. You know that's good. And then we open up push to 240. It's going to be too short, like, after 240, like, in my opinion, like anyone who was short underneath 230 or was trying to get in probably covered into 40 to 50 area. So once we kind of get that, in my opinion, it's going to take a while for the stock to reset rebuild, and if it does want to move higher, it's going to take a while. Honestly, like could be half hour to really like an hour. And so anyway, we got this kind of candle, let me just like move my. Oh, we can't really see the volume on here I guess anyway we got this major big kind of like stuff candle after like we tested kind of like 250 move lower. A lot of people were really going long I think for that kind of high daybreak hoping for it to really really push higher. I think a lot of them got anyway, like just kind of like trapped. We had a ton of people slamming the bid, and then here we had it like kind of like consolidating trying to go higher. Then we got this stuff lower and we move lower so I do like this trade for a couple reasons number one it's kind of like what we preach where we, we just kind of like short that kind of like, you know short that pop after we get that kind of topping candle after we get that exhaustion after we get that kind of move lower, maybe some buyers trapped anyone who bought over 230 is now trapped so we have that kind of also in the back of our minds for kind of like the thesis. And yeah, you know I like this one. I do think like just you do have to be like you, you have to know that your risk in this type of trade is like, you know, if you're shorting let's say at like 31 here you have to do know that your risk is like 40 to 50. Because if we do reclaim 50 we could go probably like if we reclaim 40 we could definitely go to 50 or 60 I think. In this type of scenario I just think too many, too many people who went long or we're just trapped so it wasn't going to work, or if it was going to work it would definitely have to take like an hour for the long setup. I don't know Austin if you want to add anything. I know you did talk about like adding on the on the weakness for sure. This is this is a great opportunity for an ad. Like, I mean, right, you know when you get short on there on that on that lower I mean it's a, it's a routine basic kind of pop short blah blah blah but then you can, you can see that it clearly stuff. If I'm a short, and I'm sure that stock and I see that that immediately lowers my risk to 40 if I was thinking about risking 250 like, or thinking about like let's see, you know, because if I shorted to anywhere between 230 and 240 I'm probably not stopping out at 241 on the dot. I'm just not going to do that because like I know like it's going to get up there 241 to and stuff I'm probably risking like 245 to 50 on this kind of short. But like the second we get that kind of stuff there on 240. Immediately, I know we should not be getting over 240 so now I can concrete a risk at 240. I'd be slamming that shit under 230. I'd be like the second that shit stuff I'd be slamming that now now I'm risking 240. And now I have an opportunity to be in big size, you know, like, or, you know, and even if I normally short like 1000 shares, then I'll go 2000. Because now I don't have to risk 250 now I can risk 240 and I have an opportunity now to get a decent size win and I think that's a lot of traders problems short traders is they have short traders problems as small wins and big losses. Well, this is an opportunity when you see that stuff to to really lay it on there and you know go in 2000 and risk, you know, instead of risking like 150, you could risk still about 150 maybe 200 200 even add $50 of risk more because it's stuffed. And beat but being a full size trade and now you can make like 400, you know, 400, 500 even. Yeah, on this one I traded, you know, same like Jed did here as well. I mean, you know, this trade is really good perfect execution. You were patient enough, right, you know, to get the, the first short, get squeeze, and then, you know, all people are chasing long, they got, you know, stuff as well. I mean, this is one of the setup that I really like, you know, squeeze out all the early boards, trap holding, you know, formal long, and then stuff like that, it went, you know, below view and bounce back. And I got in pretty much the same place as Jed did 230 something I got another one 237 on this type play. I don't mind having my like, you know, not full size but really good amount of size. And I would be willing to, you know, raise all the way to that, you know, new height of day, because I know if the stock is going to squeeze right it needs to break that height of day, because if not it's going to continue to go lower but and what Austin says here and yeah, yes, you can you should have added more on that view app, you know, like all like that rejections again. I think a good place would be is, you know, you have probably you have to slam right when it start when you know below view app, I think like 227 or something, just to get more size in. But on this case, you know, I got like 237 pretty much like top take with good size. So I didn't mind like, you know, like, I really didn't have to kind of add more size there but I really love this trade because you will patient enough right for that move. And, you know, for that trade, just size up a little bit because, you know, if you were taking the first straight right at the open you would have scale, maybe I don't know, 30% of your size. But instead of that you waited, you know, long enough, just add it a little bit more size once you've seen the confirmation that so, but overall it's really good trade. The only thing I'm going to add is people have asked like four people five people have asked where to add between 10 and 1030 you know that is the summary rule right the moment that in between that it tries to go to be what and it doesn't get to be what it doesn't have the push nor the volume in order to get to be what I think there's where you either start another position and if you're still in you add because then you have a be what rejection and then it looks like it's going to continue going down and your stop losses right about be what then the be what will continue going down as volume as they continue shorting so I think that answers the question that people had in the chat. This is FD FD. Again, this is just a chart for context. FD FD was one that ran I believe. Was it the Thursday before Thursday, yeah Thursday for the holiday that's what I thought. And this name in the morning. What was pretty choppy. You know, it. This was like, I think for me. You know, it was not really a trade in the morning and then after this I didn't really like it it ended up trapping and going higher but for me it was really kind of like a no trade and then we got the offering way lower. This one's by five nine. So, again, I love this ad overview what I also love this cover to. I mean, if this was me like I don't know if I would be covering like full size here because we have just seen this massive massive rejection right that's why long going long like I didn't really love it, because like, you couldn't get filled into the strength like it was just impossible like it was just like a telly. I mean, in that type of situation can't really touch. And so, you know, I love this, I love this, you know, I think this is a really good stop like this is a great stop. And then he ended up kind of just shorting after we tagged couple scalps and then he went short and then kind of got this offering. Now, I think for me, like, just good trades all around I really do like this stop like this. The best trade here I think in my opinion is the stop out. Right, because this is kind of a high odd situation, especially this week we've seen a ton of these reject and just go lower. So really good stops here. I mean good trades here. You know and he ended up catching the offering which is really nice as well. But yeah, I think all know like I do I do like these ones. I don't know if anyone wants to add anything. The only trade I don't like is the one at 1010 1020 that Rick, I don't know I don't understand what was the rationale behind doing that trade there, knowing that it's near any time that is when the stock starts going up. So that's the my only comment all the other it's beautiful that all the other trades are good. Yeah, I kind of like it as well like you said hurry. He basically use view app as he's died right I mean that's pretty good pretty solid in the first, I don't like 30 minutes short near view app. And then cover in the wash stop out when view out reclaim short again when you know stuff that view out I mean oh it's good and agree with claw here, regarding that 1030 rule. I mean, you know, no way in hell that you know that I was going to do offering like that right it's impossible. Like the best case that you can get. Okay, so 770. And if I was trading this one and which I did. I think I showed it somewhere 767 70 as well but I was basically just channel kind of you know trading it right 770 and 740 and that's it. And, you know, have my orders there to cover that and, and, you know, zombie time. Yeah, I mean, you know, if it has a if he had a like, you know, tire racing, you know, that's that's cool. Right. I mean, if you short 770. I mean, that's that's cool as well. So, yeah, pretty good. I like this chart. The first like 15 or like 20 minutes after that, you know, we job brought I mean, kill it. Yep, make that made a lot of money. No, I mean, I mean, you guys said it all it's a great chart. I mean, it's just I mean, it's just very, it's the good thing about this chart is that like a five year old can see what you're trying to do. You know, it's like, hey, you know, when it when it tanks and it looks like it's broken I'm going to start shorting, but it starts to reclaim and I cover, but then it fails again and time to get back with my thesis. That's the I mean that's that you want to do. Yeah, I literally love that explanation like that was that was good. Okay, this is CMI just chart here for context. In the morning got this kind of like run in the morning. Kind of go lower reclaim just that was a trade. Yeah, so this member he took that kind of same type of trade that we were kind of talking about earlier where let tank short the pop into words view app noticing that it you know wasn't pushing nail and bail. I do like it. You know, I guess like, maybe, maybe in hindsight could have held maybe a bit longer or tried to get a bit more out of it but you know I like the nail and bail idea here I think it's good. You know, you've just witnessed a rejection you say I'm not going to shorten the weakness going to wait for a pop. You know, like that idea, I think it's good. You know, he saw that it was starting to reject 580 he saw the slam waited for the pop so he could risk off the view app, because if you if you get in a position where you're shorting down here it's like okay well where's my risk going to be right. You know if you short five three, you know you're risking five five so I mean that's not really ideal. Right. So I think what you want to do wait for that pop, especially in this type of situation wait for that pop and then just short lower. You know Tommy or anyone. The trade is really good. I like the fact that he waited for that stuff on a view out, you know, shorting back to bounce that view out I mean that's, that's, that's pretty good to me, wait it for the confirmation and you know just short the bounce right risking whatever the view out was so like over a little bit. Yeah overall it's just really good trade. I don't have anything to add. It's good trade below be what everything you short below be what it's good hosting. Now I mean there's a routine basic you could do these every day. All right, RMO. This is the chart for contacts. Get this wash, get this pop back. You know, interesting one, definitely an interesting draft. So this member went short and ended up covering. You know, I think tough one but this is all I'm going to say and this all I'm going to kind of add on this one because I think that there is a great lesson here. When you want to be shorting. It's like, okay, like, when do when do I want to be shorting. I think the best times to start shorting or the first time at test that level. If you say, we're going in towards 550 that's a major resistance, you want to test, you know, you want to go short into 550 the first time. Right. In this type of situation, you have to say, okay, well what line am I really going off of and how many times has this level gotten tested because the more times we test the level the more times it's going to get broken. Right. If we test 558 times, you know, we're going to we're going to break if we test a 50, you know, three times, we're probably going to break on that third time right, or even the second time. So you need to be aware of that, and you need to almost give the stock a little bit more room, because if we break that level what's the next line higher, right. So, you know, I don't really see also I don't really see a line on this chart, like that you really want to be shorting into like I mean maybe 1190 is okay right, maybe 1220 is okay right I mean, it's still kind of far but if you want to scale kind of smaller size. So in this scenario, like you want to be shorting the first time we test view app, and the first time we test view app is 1150. Right. If you want to take 1150 cover cover lower, like that's good. Right that's on you because that's the first time that we've tested this kind of resistance level. But again we test 1150 again and we do reject right second time. The third time 1150 gets broken like we're going to the stock wants to move higher like it's going to move higher. Like you can almost count that, unless we can't break above 60 and stuff. This thing is going to move higher like we've tested three times this area now like the stock wants to go higher. So I don't really see the thesis for shorting. Also, you need to remember that everyone who went short is short under 1150. And once they start covering. We're going to get those short covers, those long chasers we're going to start moving higher. So in my opinion. Don't really see the thesis for the trade here and also you drew your support line at 1110 you drew your resistance line at 1160 you drew your line at 1190 why aren't you shorting into 1190 why are you shorting 1170. Okay, you drew another line up here at 1220. How come you didn't go short into that one and stop that right. So you need to think to yourself like, are you taking this trade because like your emotional or, you know, because I mean, we've reclaimed like half of this death candle already like we almost reclaimed that entire death candle and the first like candles so you need to just really save yourself okay. I just don't see the thesis for it in my opinion anyone else. Now this one's scary dude. This one's pretty nice see and it is a low hanging fruit trade and I understand the low hanging fruit trade into the yesterday day level and this person said that they were planning on shorting it from 1250. You know to the red green area which you know would have been like 1290. You know, I don't see any like scales in there and if you're planning on scaling to 1190 that red green I believe the 1190 was the red green yeah. Oh shit I didn't realize that this was low hanging fruit. Yeah sorry 1290 no it's red to green is like red to green is like 1290. That is an unbelievable range to. Yeah, you know like 1250 to red green. That's okay. But then he sees that he sees it tank and then he decides to short lower there. Bro, what I don't understand why the cover so freaking high up here. I really don't. You can't the whole idea of red to green at 1290 is so far gone out the window once you decide to short at 1170. That's over I mean in 1170 trade is over at 12. At that point. Yeah, like, yeah, that's you got to you got two ideas and but the main idea is I want to win on the stock. So you got two ideas trying to jam into one kind of trade and you have this you have this conflicting oh but it's built it's still low hanging fruit it's still below 1290. I shouldn't cover I shouldn't cover I shouldn't cover oh my god it's too big I have to cover. And that's that's what happened there. So, you really have to make up your mind. Is it is it going to pop to 1290. If so, don't be in. Is it not going to pop to 1290. All right, 1150 to 1190 kind of range. Yeah. Gonna make up your mind. Yeah, I also think on this type of trade like you have to remember like what's the ultimate risk. Right. Like if you're shorting a day one like your ultimate risk is going to be high day in this type of scenario your ultimate risk is. Previous day, previous day close. Right that's your ultimate risk. Yeah, so when you're when you're shorting like that far away from the previous day close, then like I didn't realize that this was low hanger so that kind of like changes my perspective a little bit, but you got to remember your your risk has now been moved to a dollar, right a dollar away is what you're risking. So you need to say okay am I risking a dollar to make a dollar, or, you know, right so you need to be shorting near the top of that range. That's how I say it. The thing about it is that if he would have thrown a line between 1240 and 1250 and play only the outer lines and waited a little bit, the 15 minutes, because immediately when you have that big green candle, he should have gone out. That second green candle is too much, but it this green to red moon you know it's like it open at high of day. Usually what I've seen from experience and this happens a lot in big caps, they're going to try to reclaim from going green to red and they fail usually when they're sold down. This is a 1112 dollar stock I don't know where the news are behind it, but 1280 if he would have waited for and had it in order at 1280 he wouldn't make a lot of money, you know, because then after that, it just crap the whole day, you know, just for not waiting 15 minutes but now that we can see it we can we can analyze it but we never knew but yep, I agree with everything that you guys said. All right, solid one. This is chart for context. SOS this one was that kind of like Wall Street bets play it was a bit slower in the morning. And basically what he oh this is another low hanger. I'm getting confused on the low hangers with the TZ charts, because I'm writing these charts for context because I think it's SOS but then I get confused that it's a low hanger okay. Okay, this is the next day then crap. Okay, this is the next day then I get confused with the low hangers. Yeah, I think that this one, you know, pretty good. I like the ad. That's what I like like you're like okay I'm not going to go. What you could have done is maybe covered at like 520 but I mean this is hide site I probably still hold it. You know I do like that because that shows that you do have some kind of conviction in this trade I like the cover here. The only thing is is that this seems like more of an emotional cover like if you had about it here you would have definitely still been in the trade all the way down 100%. But ended up kind of. I guess, two covers like to two entries to exits but you definitely could have covered here like this is one of those kind of like, again bottom of the range trades, where we just, where we just go to the bottom of the range. And when we just start puking and when we're just like, you can't think it can go any lower and we're really far from view out. That's where you want to start kind of covering like, you know that you'll look at your P&L and be like wow I'm up a lot. And then you start to feel like greed kind of come in that's a good time to take it off. But I do like this like I like the, the okay I'm going to add a few up I'm going to add a bit more into maybe an outer line, and I'm going to cover right away. But again, this is another wider range one and the previous post is 570. So we do have you do need to be willing to stop out in this type of situation. If we do somehow reclaim and if we do somehow go higher you need to be like, like your ultimate risk here really has to be like I think like, you know, definitely 550 right definitely we get over 550. You know, there's there's a lot of people that could definitely potentially be trapped right. So I think it's good. And that's kind of how I feel about it. I don't know if anyone wants to add anything. He made a plan. He did it. As long as he had a stop over 551. I'm good. This one's a girl. It's Selena. Yeah, it means good plan. I love girls how they trade because of the discipline. Yeah, I love this one as well. You know, knowing you through I think this one I had a plan on my watch as well. The other one that I just saw RMO I mean, I think that person didn't watch my video at all. Because I can't explain it now my low hanging fruit video guys. I mean, what the low hanging fruit in the first 30 minutes is talking pop them bother. Okay, after that after 10am whatever it stopped pops. It's no good. Usually it's going to end up like squeezing more people and it's reclaim, like red to green and probably is going to go higher but Selena on this one. I mean, pretty good. 540. Yeah. I like that there instead of, you know, I think you started started like 520 and then try to add more for 540. I mean, that's pretty good. I don't know what should call more than that five but it's all good. All right, Austin anything or no. All right. Very, very simple. This one's FDFT. This one was a low hanger maybe I think I got right. I like this trade. This is another Selena trade. She submits a lot of charts. So I mean, you got to give it to her right. I mean, got it. I had to do two for Selena because you know she submitted a lot. So, I mean, you know, got to give it to her but I love the patience in this like this. This trade. This is a, this is a very, very difficult trade to achieve an entry like this. This is a really, really good entry. Like, if we're looking at this, I mean, she waited so long for this entry on real great patients love the entry. You know, again, maybe you kind of get chopped out on this kind of like the web hovering kind of area, but you know, I even though it did go way lower. I love the nail and bail mentality. I love how you just kind of said, okay, I'm going to, you know, even though you only made 10 cents. You know, I do love that I love the patience for the entry like this is the one that I that I that I like, like, you know, fantasies for the one, you know, anyone else. Yeah, love it. You know, as you can see, first 30 minutes, right? Stock should pop at first 30 minutes for allowing you improve. Don't bother. You know, I want to add, I want you guys for the other 146 people that are here. I want you to see how she makes her plan because we have seen previous that there's no plan. Selena says my lines are 6265670 my restricts 680 and I'm pretty sure that 680 is a hard stop. It's not a mental stuff. She has the order there. And then she post she puts his targets 6106 and 580. That's what I like about girls because girls are disciplined and that's how you see because there's a plan behind behind what she's doing. I love the fact that Selena how she lays out so clear. What are her stop? What are her lines? What is her wrist and what is her target because that's when you go into a trade? Those are the two things that you need targets and stop loss. That's it. That's it. There's no, there's no other thing behind it. You cannot complicate it more. It's as easy as it is. If everyone just follow that put a risk, put your lines, put your target and that's it. Yeah, so the one thing I, this is the one thing that like it kind of looks like starting late and starting slow that kind of like webinar did a whole long time ago like how to short consistently it's like you literally just have to wait for all of the all of the crap to get out and wait for a line and, and then, and so like she waited for 620 and then she was still willing to go all the way up to 650 and 70s right that's starting late and starting slow and that's how I mean this is literally what I'm talking about when, when I mentioned that webinar how to short consistently because you do stuff like this, but what what I what where I think the real skill in the trade is is the is the the moment where you say you know what I'm going to make a choice now now that I had my plan I'm going to make a choice and say I think this is a good opportunity to add and now I'm going to move my wrist down because I guarantee after that add it's no longer going to 680 the plan is not to go to 680 now the plan is probably to stop at 630 and this is how again how you can get some bigger gains in your training you have to identify when it's okay to you know mitigate your risk and and add some size so there was a question that they did in the chat and not in the in the sum chat that is risk isn't too high 60 versus $1 reward Austin what do you have to say about that. What was the question risk isn't too high like she was risking too much. For, I mean it looks like she was risking 630 at this point. That's what I'm. Yeah, yeah, to me risk is is is is irrelevant. It all depends on your risk that's really personal they're people that only wrist and sense they're people that risk a dollar that that all depends on where you're comfortable and I'm pretty sure Austin has a lot or Tom or Harry, a lot of videos about risk, you know it's what you feel it's right. There's not a there's no formula on it, you know. Yeah, I mean, if she was going to risk 680 in this in this instance. Yeah, I would agree too much risk, but I don't think she would have after the yeah risk. I agree. Well if you start with a small and then go higher like for example if her first line is 620 and he put 200 shares, and then her second line is 650 and it's 400 years. And then their third line is 670 and he has 800 chairs. That's a way to mitigate risk, because then your average on those chairs on those 814. Yeah, on those 700 chairs, your risk is your average is 660 something so it's not the same as Anyway, I'll keep on going. No, no, no, no, I think it, I think it's good I think it, it all depends on the type of play. Yeah, depends on what's really going on in the context like, I think for this example yeah 630 risk. It's, it's good. Yes, this time it did end up tanking but just love the patience on this one. This is the real one that notice love the patient. Next one. This is XLB chart for context rate here. Yeah, so this is another one by that same kind of member who you know the one that we talked about talked about at the beginning that really didn't have that much of a plan. He ended up selling here to early. I like it. I think that this is good like, if you're, if you're in at 260 and your targets three bucks, then sell at three bucks, right. I think that pretty basic, I think the lesson here, you know, he's good at the reclaims like we showed the chart earlier, where, you know, he, he had gotten emotional about his cell. And let's say we had him stuff three here, and he's selling for break even well the same thing would have just happened to him again, right. So, you know, yeah, like the lesson in this one is really just like, okay, VWAP reclaim. You know, it didn't end up rejecting it ended up kind of holding higher. He took it, you know, and he, you know, we took it off. He says that he lost three or four trades before this but super tight risk, he just wanted a win. I think every day you just want to win and you just want to agree and you just want to be consistent and robotic and non emotional. And I think in this situation, it's good like this is how you make money every single trade, if you're presetting, right, because when we get to that price you're going to get filled, right. So, I love the preset, you know, and if you're a long trader especially like it's very easy to have a stock go from like let's say $8 all the way up to $10 and two minutes and then spend the entire time watching it go all the way back down So, I'm a fan of the kind of the preset sells definitely for long traders because of how easy those gains can be robbed from you right. Longs are never going to be happy unless they get the fucking top like longs are never happy unless they get the top like if the stock ever goes higher like oh my god I sold too soon. Oh my god I sold too soon like you're always going to just longs are always going to undersell the top just get like, get used to it. You're always going to undersell the top so just pick a target take it and that's good. That's what I say as well. I completely agree with that. Yep. Oh, sorry. No, no, you can go. No, no, I think that one of the most ever since I joined make one of the most aha moment I had is when aloha Austin said that traders are the most ungrateful human beings in the world and I think it's that that that was like such a big slap in my face like he punched me in period like it was like wow he has just said an absolute truth and I don't believe in absolute truth. It's like stupid. It's just commenting on what what what was just discussed you know. Yeah. Yeah. All right, Tommy Tommy we good. Yeah, good bro. I trade. Oh yeah, so I just saved some time for discussion I mean there's three minutes left. Okay, I wanted to say one thing. So I wanted to make an announcement on Wednesday 14. We're going to have our first MIC seminar for Spanish speaking people we're going to we want to give some love to the Spanish speaking community inside MIC so we're going to be discussing swing trades. That is a team that everybody wants. So, Austin. So we're going to respect Tuesday and Thursday and is we're going to see how we how how it develops if it's something that we have a lot of people in it maybe we'll keep on doing every two weeks or every three weeks. It's, it's ongoing thing is we're going to test the waters. Okay, so you're welcome to come with the meeting is going to be on Spanish. Okay. I don't speak Spanish. No, I don't understand. Okay, I poppy like Austin says Wednesday, April 4, April 14 at 7pm. Yeah, everybody's welcome. We'll have, we'll have the slides will have translation in English, but the slides are going to be pretty general, you know, it's like all the conversation will be Spanish. I hope, gosh, I hope. I want to get out of the idea. Of course. All right, well, are you guys thinking maybe we just ended here or do you guys want to talk. We don't have any questions. Yeah, does anyone have any questions. Just spam the chat. This guy. Have you already know that. No questions, no question about what we discussed, no one. That's great. That means we did it. Okay job. Yeah. Yep. Okay. All right, well, I'll see you guys next week for the next one. See you in chat. Stay safe everyone and yeah. See you guys.