 Hey everybody today is August the 31st 2018 last day of August and I'm not trading today I actually have to be at work in about an hour and a half So I won't be able to to trade but I wanted to talk to you guys about a couple of things First of all yesterday. I made a trade and it was a bad trade. I lost money on it. I lost 20 cents on it Bad bad trade. I'm here on the five-minute. I went against my rule and what happens when I Go against my rules. I lose money. I lose money. In fact, I think it was I can't remember if it was this one It had to been on this candle actually. I bought calls on this candle. It wasn't the ideal It was I went against all of my rules here it just it looks so good in hindsight, right on the 15-minute charts It was here everything looked primed to the upside and it just didn't work out I ended up selling. I I believe I ended up selling here. I'm not I'm not 100% sure either way It was 20 cents that I lost Huge on percentage wise, but either way I wanted to let you know that I just didn't have enough time to edit The video and put it out to you yesterday. Second of all, there's another podcast that we did two nights ago It was about exits. I'm gonna put that link in the description down below If you want to listen to it, that's some good stuff there good information for you guys and Last thing that I wanted to talk to you guys about is I Joined another I mentioned this a couple times in a couple of my videos Months and months ago, maybe last year late last year every time I join these Facebook groups It does more harm than good. I tried to Bring more awareness, I guess of spy options or options in general not just spy I noticed that most of these Facebook groups are composed of newbies beginners That's all well and good. I've been there guys. I'm you know, I'm still learning. I'm still a beginner relatively speaking and By all means I'm not saying I'm the best trader at all Not at all not at all. I have so much to learn but these Facebook groups are composed mainly of Small-time beginners Trading with a couple hundred bucks in some cases a couple thousand bucks not a whole lot in general is what I'm trying to say and They get stuck Holding penny stocks. They they they become bag holders and That's what these Facebook group There there's they're so good at they're good at making bag holders guys. Let me tell you trade penny stocks I don't necessarily have anything against penny stocks other than It creates a lot of back holders Trade penny stocks don't invest in penny stocks trade the momentum guys Don't believe the BS that it's gonna go to the moon It's gonna go to a dollar. It's gonna go to ten dollars. Don't believe that BS guys that feeds into Just What's what's the word? Pumping dumps. I forgot I almost forgot the Timber Knoller June And that feeds into pump and dumps They're gonna pump up the price and then just dump it and the people that bought at the top They become the back holders guys So my advice to you on this last day of August and this has nothing to do In about spy, but just trading in general trade guys You're in this game to trade and not invest sure there are a few penny stocks of rare But there are a few penny stocks that do actually have a legitimate business plan Legitimate CEO It's a legitimate company is what I'm trying to say and they start off tiny and they actually grow into actual companies that will eventually be Uplisted to the NASDAQ or what or whatnot? That happens once in a blue moon guys Trade the momentum guys. Let me say that again Trade if you're gonna trade penny stocks and even even on on spy trade the momentum Let me put it to you this way guys. It's called day trading for a reason day trading Trade what's hot now? sell it Find the next stock for tomorrow Trade the momentum. I can't tell you enough. I'm gonna tell you ten times before I end this this video Trade the momentum Stop letting other people tell you what to trade Stop letting people tell you that it's gonna go to the moon That's another thing that like absolutely just gets me so irritated and frustrated These beginners these people are going to a Facebook group think about this for a second guys they're going to a Facebook group and Asking the question I have money to trade. I have money to invest Which stock do you think I should put my my money in? Really guys if you have to ask for somebody else to tell you What stocks to trade or invest your hard-earned money? You're you're gonna lose it. You might as well hand over that money to them right now Because it's it's not gonna work that way. Trade the momentum Trade it hard trade it for what it is Get in get out make money. Hopefully rinse repeats. That's what I want you guys to to do guys all of you guys out there that are subscribe to my channel and Still actively trade penny stocks this advice is for you of course everybody have a fun and safe weekend Labor day weekend. We have Monday off. We have a long weekend. It's relax. It's really resets Let's rethink about our trading and start again next week. Thank you so much everybody for listening I greatly appreciate your time Hit that like button hit that share button hit that Bell notification button so you get notified Every time I upload a video And of course if you haven't subscribed yet hit that subscribe button. Thank you so much everybody Talk to you on Tuesday