 One of the most common questions I get asked is, you know, how do I start day trading? So what me and my mentor about it for our viewers on YouTube is create a free mentorship course that reveals our 12 secrets that every single brand new day trader should know before they get started. But please take note that there is limited seating every single week. So please reserve your spot at myinvestingclub.co. Link is in the description. All right, enjoy the video guys. The thesis behind the death candle is, you know, death candle is basically, you know, a big red candle which is showing you kind of trend has, you know, changed, right? Or it's, you know, it's, it's more like, you know, a stuff candle, you know, to me. And most of the time, you know, you have a see of a huge, you know, red volume here that's, you know, basically, you know, people selling as like stocks try to push and then, you know, huge stuff after that, right? So what I usually do is I always look at how big is the candle on, you know, the kind of the extent of it. And also I usually use them like three minutes or like two minutes, give me the good idea, you know, about the candle basically, right? I mean, if you choose one minute, there's a lot of missing information there. You know, stock could easily, you know, it's showing you like there's a dip and then, you know, just like all those weeks. So I just wanna kind of avoid that. And I wanna see it in like at least like on a two minute kind of chart to see, you know, basically the big picture, right? Or you can use a, you know, two or three minutes as really up to you. How can you trade them or what is that, you know, the information that stock is giving you on that particular death candle? To me, when every time, you know, stock try to push and then it's a huge slam candle like this. I mean, like on this one, it's like, you know, nine to all the way 15, right? And then, you know, 14 and then slam right here from 14, 40 all the way to like 12. So it's like almost two point there, you know? And to me, that's pretty, you know, stuff to me. And since it's like this, also, you know, on time of the day, I really don't want to be anticipating in the pre-market because, you know, a lot of times you have only little volumes here and the stocks is like, you know, tanking like this. And so this is not an accurate way how to like kind of measure it. So I would prefer, you know, after the open. So, and for me, the best time of the day to trade those, the death candle is, you know, which is the first hour of the day or like the reversal zombie time. So it's around like 2 p.m., 3 p.m., something like that. So how can you spot a death candle, right? I mean, when you see a death candle, usually you don't have to guess. I mean, look at this chart. Tell me which candle is the biggest one? Like on the, you know, on this chart, particularly, you know, you see all those red here, small, small, small, and this one is the biggest, right? I mean, you don't even have to guess which one is the death candle. And based on the volume, I mean, it's this one is pretty obvious, right? So how do I, you know, take advantage of that? So usually what I usually do is, I think we discussed this in the Austin's webinar and one of the way that I would like to approach is I always use this like 50% on the kind of pullback or like the, you know, the pops. This is like healthy to me. If stocks gave you the confirmation that the trend is, you know, temporary broken, trend has changed, right? I mean, usually people here, they're gonna end up like covering here. That's why it causes, you know, the stock to kind of pop halfway. So that's, you know, what I usually like is the spot for the stock to kind of test back the 50% retracement. And I would short into the pops. And in this particular case, you know, it's just perfect. You see that big, you know, slam candle here halfway. It just happens to be exact at view app, right? This is like the perfect kind of scenario that stock, you know, did the death candle right through view app and then pop back 50% retracement to the view app. And that's where the view app is. I mean, this is like the more data you have, the better the art, you know, will be in your favor. So whenever you see something like this and like, you know, on an instant move, the stock pop back only 50%, that's how I like it. You know, it has to pop back to this line and then drop right away. If it's, you know, pops way too much over this line, it's like when you see big slam and then reclaim all the way up here, that's, you know, that's something I would definitely want to avoid. Hey guys, my name is Tosh Bradley. I'm one of the head mentors and monitors at my investing club. If you have any questions about getting started in trading, getting started in MIC, MIC in general, text me at 213-458-5997. This is not a robot, it was me directly on the other end of my business line and we'll get you in the club. We also have special promotions going on that I can get to you depending on your trading needs. Hit me up, back to the video. If you really want to trade that, you have to kind of, you know, be patient and waiting for that candle to kind of appear. And also the time of the day is really crucial. That's why I said usually in the first hour or like, you know, at the afternoon, I would always kind of avoid the midday kind of grinding unless the stock is really extended and also it's really crowded, right? I mean, we've seen a lot of names lately and they're moving like 200 of like 300 million volume on a single day. And for those, you know, I just let them work and when I see that, you know, type of candle appears, so that's showing me like it gives me the confirmation that the trend is temporary broken for now. So I can short back the pops. It's like the top is set for that particular timeframe and I want to short into the pops, right? So this is the thesis behind it. You don't want to be guessing the tops and you want to wait for that moment, right? You want to wait for that confirmation, basically. You know, in the pre-market, I really am not a big fan of, you know, doing that in pre-market, but this one could be the biggest one. Yeah, and you know, but you clearly tell when gave you some sort of this type of candle, it's pretty much at the top is pretty much temporary set. But you can, you know, short back, but in the pre-market, you have to be real careful with the range and also you couldn't put a hard stop in, right? So that's why we always suggest to avoid. This one is pretty big as well, seven, 30 to like 640 almost a point here. But I would always stick to the market open and to look for those. Yeah, I mean, this one, you can clearly tell this is pretty big, you know, kind of stuff move, like 19 to like, you know, 16 is like almost three points. And you can see here, this is probably the biggest, you know, candle, also the volume on it, right? So this is, you know, pretty much a thing that the trend is a little broken and also the top is set. So you see the 50% retracement here, I couldn't get back to that point. So that's why I always look at this for my ideal entry, but you know, you could start scaling, you know, from here and then here, maybe 16, 16.5, 16.5, 17, 17.5, right? I mean, it's really up to you, that you're rich torrents a little bit, but as you can see here, the volume is good. This is pretty much the biggest red candle. This is the death candle to me, you know, time of the day is good, and you know, the first hour, not in the pre-market, and you know, that's something I would look for. The point is, you just have to be kind of really patient and wait for those, right? And I think the most important part here is when you see those, just draw a line here, you know, 50% retracement right here. If it pops to this line, probably the thesis is no longer valid. You have to get up. I mean, we've been saying this a lot, and you know, it really doesn't matter what you trade, right? I mean, trading is really hard and not a particular setup is gonna be 100%, and not like that, you know, there's some holy grail in this death candle and that, you know, if you see that, it's like, it's gonna work, right? I mean, it just doesn't work that way. I mean, if I knew, you know, this stuff is gonna work like, you know, 100% why not bet everything on that particular setup, right? So I know that over time, out of, I don't know, like 100 trades, 1,000 trades, the odds are in my favor, right? The probabilities is there, you know? It's like, I would probably could say that, you know, out of 10 times, if I make this trade, likely I'm gonna, you know, be right six or seven times, right? And you know, out of, you know, two or three times, those are the outliers that, you know, might not work, but I'm okay with that. So that's why the risk management part is everything. It's really important for you to kind of stick to that. Don't have too much conviction on any particular setup, even as a death line, death candle here, low hanging fruit. I mean, the probabilities is there for you, you know? Or like MIC process has been training the broken stocks, right? Wait for them to kind of tang in here. I mean, you know, this particular one is not really the type of niche that we're looking for every day, you know, because it's pretty much strong in the pre-market and it just happens to have this death kind of right at the bad, right at the open, right? But usually we would like to see something like this. Like E-core, you know, is dying in the pre-market, you know, probably in after hours yesterday, the day before. And then it's just like the stock is broken, right? Broken down and we wanna short back the bounce. You know, this one lying here, this one lying here, this one lying here, this one lying here. Basically the thesis behind it, let the top to kind of form first and then we short back the bounce after that. And, you know, basically the back side of the move, it's much safer that way to kind of trade instead of, you know, you trying to guess the top and you couldn't be patient with that. And try to, you know, not anticipate and wait for the confirmation, you know? You can short back those, right? And once it kind of confirmed your thesis is right, you can add on the way down. I mean, risking over this line. So try to work more and add in what to winner. And I think that's the safest way or the best way how to grow your count or like to pull up, you know, the big P&L kind of setup, right? But, you know, don't focus too much on the money, focus on the process. Yeah, so this is just a, you know, quick video regarding the death canal. Yeah, guys, so I hope this video helps. Regarding this questions. And if you guys still have any questions regarding your death canal here and how about how to trade them, you know, hit me up, you know, DM anytime. And I will happy to kind of answer all those questions for you guys. All right, guys, have a good one today and I'll see you on the next one. Take care. Also, stay up to date by watching some of our most recent videos right over here.