 sup everyone today is thursday december was 11 12 13 i have no idea um so the reason why i want to do this recap i usually do the recaps on mondays the reason why i want to do one today is because i felt the need to over trade i felt like i was about to break my rules i felt like i was about to screw up so to eliminate myself in the situation i decided to do a recap video to get my mind right again to get my process straight because all it takes is one day to deviate for you to domino and i don't want to fucking deviate because i'm on a massive massive streak and i want to do everything that i can to protect that so before i start a couple things i want to talk about i'll talk about the free webinar that we have running it is at myinvestonclub.co.co this is kind of like a free two hour mentorship course for the brand new trader for the trader that's not an m i c members have already seen this you don't have to watch it the way it works it's limited seating every week so you have to go to myinvestonclub.co reserve your spot and that's how you're going to have access number two is we are doing a holiday sale uh you get to save 200 off of annual and save a thousand off of lifetime sale ends december 31st the link is in the description of the video prices are being raised after december the monthly is going from 179 to 199 the annual is going from 1790 to 1990 current members will be grandfathered in for life so if you upgrade to annual for the 200 off which is 1590 it'll be stuck in annual for 1590 you'll basically be paying 400 less every year than every single other person so sorry i thought there was a car coming anyway so let's talk about trading today right let's talk about trade today i've been on a really good streak lately i posted on instagram i think and i posted it for the lifetime members uh and i'm up 70 grand well now it's like 71 or 72 000 in 28 days of trading the first hour only and if you do the math i'm pretty sure it comes down to only making $2,500 a day and that's really not that difficult um and you don't have to make $2,500 a day even if you make $250 a day you'll still be making a great living trading but the point of the matter is that i'm on a massive green streak i'm a massive win streak uh i'm sticking to my process and this is the point that i'm trying to show everyone is that every single day as long as you stick to your process there are going to be days that you make money there are going to be days that you lose money but if you follow your process overall you will be green in this market as you guys could tell for the past 28 days i haven't been doing anything different than what i've been doing six months ago right think about it what am i doing that's different nothing i'm literally literally showing up to the market looking for the low hangers trying to attack them cutting off my trading at 10 30 walking away and trying to stay busy i'm doing this every single day every single day sometimes it's going to lead to a massive streak like it is now and other times it's not and that's the point that's the point that you guys have to realize yesterday yesterday i walked away with 50 bucks right 50 bucks me right the guy that's made 100 grand in one day the guy that's made 70 grand in one day guys made a million dollars in a year i walked away with 50 bucks yesterday and why was that right why was that that was because that's why i processed yielded to yesterday not all days are going to be massive right not all days are going to be big so if i'm just sticking to my process and there's going to be certain days i only make 50 bucks so be it because when i come and show up to the market today i made 1700 bucks i made 1800 bucks whatever the hell it was so it made it as if yesterday was not doesn't didn't matter but if i screwed up yesterday if i took a loss yesterday if i was not okay with taking a small win yesterday it would have clouded my judgment it would have fucked me up today and i would have been a loser today i would have probably lost money because i would have too much formal right so a couple things i want to talk about as well is that today was kind of a weird day so let's kind of get into it right let's get into it you guys know my process if you don't know my process just fucking watch this week's video from two days ago i don't want to repeat the same shit over again go watch it you lazy fuck but basically today i was looking at cei as a trade a potential trade embot as a potential trade and those are low hanging fruit so in my video watch list today that i posted for the members i mentioned that cei the reason why it tanked after hours is because the stock the company released the pr that said that they had no idea why the stock was up they released the pr saying that oh our stock is up okay no problem no big deal meanwhile they have massive looming dilution mass looming dilution so bullshit dude they know exactly why their stock is up man they know exactly why it's up so when the market when the market found out that there was no reason for the stock to be up the stock went straight down right stock went straight down and to me to me this was a perfect low hanging fruit i want the stock to bounce towards two dollars in the morning and i would be shorting a two dollar level and that doesn't mean that my order is at two dollars exactly i want to be able to scale maybe i'll have some at 190 maybe i'll have some at 205 or something like that but the general area that i want to short that stock in was two bucks that was the red to green area that was a whole dollar mark and to me that seemed like a great spot to at least start a little bit so in the morning the stock has ssr when the market opens right and what that means is as a short seller you cannot short the bid you can only short on the ask or you can only short on an uptick my god it's so cold holy fuck sorry i'm i'm starting to go crazy and it's cold but in the morning so i told myself all right the stock is going to be on ssr just in case just in case it doesn't pop up towards two i want to take a small piece at 190 at 191 and if it pops towards two great i'll add if not i'll just take my money and walk away so in the morning i set my orders 190 191 the stock at 190 filled my orders and then take 20 cents so here i am up 20 cents in a few minutes just because this was a low hanging fruit it got to my levels and i made my money and then what ended up happening is it pushed towards view app and i reshorted a little bit again and i covered that again i posted my chart my c so you guys both see that so c i was a low hanging fruit that was my top watch which is the stock that i used the most size on think about that for a second the low hanging fruit which has the highest probability of failing is the stock that had my biggest focus and the stock that had most of my size you should only be using size on the stocks that you have the biggest edge in correct just because your max size is fucking 1000 shares doesn't mean that you use 1000 shares on every single setup that's something that i had to learn as well right that's something i had to learn as well size is a privilege you only use it when you know that you have the biggest advantage in a stock for me i knew that cei was broken they released news that the fucking company had no idea why it's up the lungs were stuck so it gave me every single signal that i needed that i need to size it and it only got to a dollar and ninety and i was only able to make 1500 on that specific trade but had it gone to two bucks and had i been able to size in as much as i was as i was looking to man that could have easily been a three four five thousand dollar trade like that right like that but it didn't get there didn't get to my levels i only had a small piece on so be it embot was another one that i was looking at i think i was looking at the 750 level uh in the morning i put in my watch list never popped never got my entry avoided it tnxp is the next one that kind of came up right so tnxp in the morning uh was a stock that kind of washed out from $1.40 down to $1.20 right and to me when i saw that happen i told myself all right the stock is showing its trend pre-market it is showing that's a down trending stock i want to be able to short it towards the $1.40 level in the morning and i want to be able to cover at $1.50 and then re-attack it and what ended up happening is i ended up having like a $138 or $139 average which is great no problem that's exactly my plan but when the stock ended up breaking through $1.50 i gave it too much room i told myself i want to see how $1.50 reacts i want to see if it breaks or it holds and then from there i'll decide what i want to do it ended up holding and instead of cutting it off at $1.50 like my plan was i cut it off 10 cents higher at $1.60 i i created an extra 10 cents of loss for myself because i gave it too much room and let me talk about why i gave it too much room right i'll talk about that in my video watch list i mentioned that TNXP is the third runner that we are having right the first runner the first runner was TCCO the second runner was CEI and the third runner was TNXP so the first runner TCCO is always going to be the strongest that is going to be the head of the stake that is going to be the stock that is always the most difficult to break down and then after that happens the second stock that pops up CEI people are going to flock to that stock because they missed TCCO they feel like because they missed it CEI is the next one and they have to chase it CEI the second stock is never going to be as strong as the first stock so CEI ramped up and then gave it back end of the day right now you have TNXP the third stock that is coming up which is not going to be as strong as the second stock which is not as strong as the first stock so to me TNXP is an easy short man it's an easy short because it's the third one people that missed CEI are now going to jump into TNXP and it's going to be like a domino effect so anytime the third stock comes that's usually one that i'm really really really excited about so in the morning i was telling myself there's probably no chance this is going to mount there's no chance and although we have a thesis on a trade what ends up mattering is the price action right what the hell was the stock doing right what was it really doing and the truth of the matter is it was holding up right it was holding up i should not have given it room to 150 i should have not seen what it was going to do if my plan was stopped at 150 you motherfucker stop at 150 and that was my mistake today i let my thesis cloud my sober minded judgment plan that i made for the stock and i paid for it i paid for it i lost a little bit of money i can't remember how much maybe 800 bucks maybe a thousand bucks i really don't even remember how much it was and i told myself all right here's what happened see i i was thinking to myself all right CEI you had a plan you followed it you made a bunch of money TNXP had you followed your plan you just had a minor loss now you have a little bit of a bigger loss comparable right and i told myself all right now this is what you're going to do you have rules you have a plan if your rules tell you you could only use 30 percent on the front side that's what you're going to do so when i was looking to reshort TNXP i told myself this i want to be shorting in the 150s with 30 percent of my size on the lower high with the plan to either a cover at high the day with my 30 percent of size or B add at 150 hello a little bit cold right a little bit so my plan was either cover at 160 or or i would add to my winner at 145 so i gave myself a level right i gave myself a very concrete plan the plan was cover at high the day or add at 145 and why do i want to add at 145 let's let's do all the let's do all the things that kind of got me to that part number one is a dollar 50 is a half dollar mark which is automatic support automatic resistance so 150 was automatic support VWAP was near 150 and chart support was near 145 so i told myself that if the stock broke the half dollar mark of 150 if it broke the VWAP level of 150 and broke the support of 145 chances are that this has a high probability of pulling back after it does that that was the only thing that was going through my mind it was 145 support 150 half dollar mark support and VWAP if those three things broke i was like how can you even rebound from that right how can it bounce from that so i gave myself the plan to attack when it broke those levels it broke 150 and almost instantly went down to 145 and then instantly went down to the 130 so here i am i sized in i got 10 000 shares or whatever the hell it was i used 3000 shares on the front side and then i added to 10 000 shares once it confirmed and then here i am thinking to myself all right the stock is at 130 what am i doing next a a inexperienced trader would say the stock is broken i'm just going to hold it for the rest of the day and make my money an experienced trader says i'm going to lock in some money so that when the stock does bounce which most of the time it does i will have some fresh powder to be able to attack it on that bounce and make even more money so covered half my position at 137 the stock bounced to 140 142 i shorted a little bit with the plan to add towards 150 then the stock went to 120 i covered and that was it man that was it and then as the stock bounced in the five or ten set range i played the range for 10 or 15 minutes and that was it so i went from losing a thousand dollars on the day on that stock to making i don't know like 1500 bucks extra so then i ended up being net 300 or 400 bucks whatever the hell it was so overall i made 1500 bucks on cei which was the low hanging fruit the easiest trade of the day made the most p&l on and then on tnxp the day one hot chick i paid the price of being too early having fomo and losing and the reason why i titled this video why is fomo so important is because had i had i been an inexperienced trader and been using a hundred percent of my size on the front side had i been inexperienced and loading loading loading add add add i would have been stopped out at 160 170 i would have been i would have hit my max loss on the day and when the stock finally did turn i would not be able to attack it because i would be locked out so the point of the matter is that fomo is very dangerous and if you let fomo control you it will destroy your trade because i knew i knew that the stock had a high probability of pulling back all the factors were there but if i got myself into early if i blew my load too early if i fucked up too early when the time was right when it was optimal the most optimal when the stock broke 145 i would just be sitting there with my fucking dick in my hand not being able to do anything and that's the point the point is that front side front side front side is so fucking hard but when backside hits man it's so easy it's so easy so that's why i created a 30 percent rule for myself it was a way to keep myself safe it was a way to keep myself accountable because i need to give myself a criteria that said all right when the stock is above view app when the stock is up trending sure you can get in but you can only use 30 percent of your size and what that ends up doing is number one you are more prone to stopping out and being okay with it if the loss is small compared to if you're in there full size number two is when the stock finally does turn you get to add to your full size which gives you the ability to actually make money the right way trading right because if you're in full size on the front side eventually the stock is going to go up and you're going to lose your ass but if you wait till the backside you wait for these confirmations to come and then you load up your size that teaches you good habits for the future right so although today although today i am green although today i'm still all right i'm fucking pissed because i did not follow my process yes i did stop out i should stopped out 10 cents earlier and maybe you could think to yourself oh that's not a big deal you you stopped out anyway you made your money this creates bad habits it creates bad habits if you start having a fucking piece of chocolate cake every if you have if you start having a piece of chocolate cake one night it's going to feel so good that you're going to want to do it every single night right so for me what i recognize and what i realize is that process and routine is important so i don't want to fucking be outside doing a recap right now it's cold it's fucking cold i don't want to do this i don't fucking want to do a recap right now but i have to as a punishment for myself to remember that i have to stick to my process i have to do what is right and if not i have to deal with the consequences so there has to be a very clear reward and punishment uh routine in your process as well i know that when i have a great trading day when everything goes well i go get a steak i go eat cake i get ice cream but when i have a bad trading day it does not matter if it's p&l wise it matters process wise i'm fucking going out in the cold when it's 20 degrees outside there's snow on the ground i'm i have no gloves i'm fucking freezing i'm hungry like this and that so i'm i'm i'm torturing myself on purpose to realize that i don't want to fucking make a mistake again because i don't want to fucking come outside again at this time and this cold does that make sense any questions guys any questions if i'm making sense leave like a like bar just so that i know everything is making sense why didn't i trade am rx great question i'm so glad you asked that all right so let's get into am rx right am rx was the stock that was pushing up pre-market it was a stock actually there's some land slavers here let me try to walk past them and then i'll talk about it so that you guys can hear it a lot here one second all right so am rx let's talk about why then i'm saying that so if you look at am rx's chart pre-market right pre-market you'll realize that the stock was just going straight up it had an easy to borrow uh it was called it was easy to borrow and for those that don't know what easy to borrow is uh it is a stock that there's basically infinity amounts to short is a stock that everyone that has a regular type of broker uh has access to which means that it's likely to be crowded when everyone is on the same side of the trade whether it be the long side or the short side the inverse happens so if i see that there's plenty of shorts available on a stock that is uptrending it is going to lead to amateur short sellers shorting in too early because they have to borrow right so when i saw that it was easy to borrow and it was uptrending pre-market i told myself bro there's so much more easier plays out there it's so much more easier plays so why would i waste my time and my money shorting a stock that is difficult when i have fucking cei and tnxp right in front of me wanting to take my money like wanting to trade it really well remember trading is about focus right it's about focus if i am trading one stock at a time it has my complete focus if i'm looking at two stocks at a time my focus is shifted 50 50 now if i'm looking at three stocks at a time it's 33 33 33 at that point is it really worth it so for me i focus on one stock at a time so that it has my full attention sometimes on busy days i focus on two so here i have two ideal plays and one non-ideal play and i'm not going to even waste my time on the non-ideal play that's not worth it yet i see so many people that say i trade it because i was bored i traded it because i lost on something and the truth of the matter is if you're trading random stocks after you lose that means that you are an emotional wreck that means that you are going to fucking lose your ass right that means you're going to lose your ass if after you lose on a trade your first instinct is to go trade whatever's moving to make back the money let me tell you something you better get the fuck up and walk away after you lose on your trade because you are not thinking clearly you are thinking as a drunk person that's what we talked about the sober mindset making a plan and the drunk mindset when you're in a trade ruining that plan so i wasn't interested in it i don't give a fuck my plan was to focus on the low hanger cei my plan was to focus on tnxp because it was the third it was the third runner in the bunch and that was it i kept this simple man i kept this simple geez and here's the problem man here's the problem if you are losing more than 179 a month trading bro you're a fucking idiot for not at least trying this is how simple it is man that's how simple it is even when we raise prices to 199 mic members are saying it's still underpriced because you are getting four trading dvds for free you're getting access to mentors who made millions of dollars you're getting access to a community of traders who's willing to help you but amen i don't care we're raising prices in 2020 you don't join i don't give a fuck now you're a problem better if you don't join i got no time for lady-ass people bro i got no fucking time for that shit any questions guys i'm walking back home because i literally physically cannot be in the cold anymore i'm about to die i'm sorry to cry from the cold man this is insane questions guys bring out some questions can you explain why inverse happens when it's too crowded on one side because if every single person is doing the same thing if every single person is short the stock short the stock short the stock and there is no real opposite side of the trade shorts need to cover to exit the stock there has to be so i'll give you an example right i'll give you an example on cei when the stock is going up right when the stock is going up longs are in control of the stock that means that shorts are stuck and longs are in control but when the stock reverses all those longs that bought are looking for a relief pop to sell which is creating a wall of resistance resistance is created when there are longs that are trying to sell right when they're creating a wall of bounce so for me on an ideal short setup is i want there to be so many longs stuck from higher that when the stock bounces right let's say there's long stuck at eight dollars the stock goes to five dollars if it goes to six or seven dollars if it goes to six or seven those longs that got into eight are going to say i got to get the fuck out of here which creates a wall for us and then as a short seller we get in on those walls when the stock is down trending and has a dead cap bounce it is just a temporary bounce on the overall downtrend of the stock so as a short seller we are looking to short the bounce on stocks that are down trending you understand rather than trying to find the top on stocks that are uptrending why don't you like to fade stocks past 10 30 well if you join and you watch any of our videos literally any of them you'll know why the zombie rule is so important i've lost my ass for years trying to be patient after 10 30 and now we've created a strategy around even going long after 10 30 so why don't i keep holding past 10 30 watch the fucking videos cuz uh all right this is the last question can you talk about how ssr changes your plans specifically on low hanging fruit well for me when ssr is on i know that i have to nail and bail because the problem is that on the stock is very easy to manipulate it is a lot easier to manipulate a stock that is on ssr because they're able to prop the bid and prop fucking whatever they want and jam up the stock right jam up the stock so for me whenever i see a stock is on ssr i know that's easily able to be manipulated so i want to nail and bail it and i only want to use the outer lines because if you chase the stock on ssr you will die all right guys that's it i'm too cold i'll see you tomorrow