 All right, you guys can see this recording? Right on, Zach can't. Cheers, Edson. Nope, no beer. Just seltzer, green tea, nope. Just very angry water. Okay, so today, it's kind of a... It's funny, I have a list of topics that I like to do every single week, and sometimes what I want to do gets interrupted between what I feel I have to do. I feel like there's some necessity ones. You guys can probably tell the webinars that I do that I really want to do. Like, moments that matter, like I was really excited about that one. And I can't remember all the other ones, like Evolution of a Trader is one that I want to... This one is kind of one that I feel like I kind of have to do just because I want to get a lot of DMs about it, and one like I'm still getting... It's still a flaw I see in all of the chart recaps and stuff. And so today, we're going to be talking about full-size positions. We're going to... I mean, specifically, this is going to be a kind of like, how to really technical, like, let's dig into the chart and be, how do we get into full-size when it's the most appropriate, when to not be in full-size, why we don't seem to get in full-size and all that good stuff. So prep your questions on full-size, ready to go. And yeah, so we'll get into that. Okay. Okay. All right. So this is your first webinar. Welcome. I always go over the market sentiment of the week, and I try to go over the key traders of the week. This week, I didn't trade shit. So I'll have you guys throw tickers at me on this one, and then I can kind of dissect the traders so that we can kind of analyze them kind of together. I do have a rant that I have to rant about this week. And then we'll get into the full-size. Anyway, any time you have questions, please feel free to ask away. There will be a small portion at the end. This one will probably be a shorter webinar. Or not, we'll see. I'm anticipating maybe this one will be like a 15-minute shorter webinar, though. Yeah, if you have any questions, just go ahead and ask them. And if I miss it, just post it again. I'll, you know, I try to keep an eye on the chat, but sometimes it's hard. Anyway, the webinars that will help you to watch that I might talk about a reference in this webinar is the Add to a Winner webinar and the Moments that Matter webinar. So if you haven't seen those, I mean, put them on the queue. I don't know what numbers they are. I should have looked at that. I think Add to a Winner is 23 Moments that Matter. It's probably like, I don't even know what this one is, but it's probably somewhere like 50. Counting desk. Okay, so last week, where were we, right? You know, we were kind of in this like, this ping-pong here. Thanks, Selena. 58. Oh, holy shit, we're up. That one was 58. Whoa, this one must be like 60 something. Anyway, so we were kind of in this like little 61. We were kind of in this little back and forth kind of ping-pong between left and right, but it was kind of getting elderly. Like the market was slowly dying as we kind of did it. Like it was just kind of slow back and forth, kind of one week, one week, just back and forth with the control. And you know, and we had finally broke it, right? We finally broke the all-time highs. And but the thing about last week's all-time high break was it felt a little bit anticlimactic just because it kind of just peaked over. But you know, basically the market's in full-on YOLO mode, right, YOLO mode right now. And as I said last week, right, that like, or last week's last week, that the anticlimactic this and not the burst through, I thought it was a testament to like the ho-hum-ness about, you know, like the lack of excitement because people may not feel that it's deserving. But I wouldn't be surprised to have us, you know, kind of chill up here and maybe debate. Well, this week kind of proved me the idiot again because I mean, we actually did have that burst through. I mean, we're almost at 350, all-time highs, there's like 340. So right now I feel like we're kind of in a little, we're in a little bit of a squeeze. I would actually say that this is probably a little bit of a squeeze. And just because like we're, you know, we got this like this gap up green, green, green stuff. And I think it's just because people just didn't expect it. Probably a lot of shorts up here that are stopping out. So I'm guessing that's what it is. I mean, I'm sure there's probably a bullish outlook now as, I mean, it seems like, again, not to get political, but I guess I think the market kind of runs on that a little bit. But like it seems like we're seeing less COVID headlines and more rioting headlines. And so, you know, or rioting and protesting and stuff like that and racial injustice and all that kind of stuff. And so we're seeing like that's more dominating the headlines a little bit and less so like all these cases, all these cases, all these cases. And, you know, with the lack of all of the look at these new cases, look at these new cases, look at these hospitals, look at the outbreaks and all that stuff because I mean, there's still a little bit of it, but just the mass decrease of that and the more focus on the racial injustice kind of, you know, politics there. I think that's kind of just kind of quelled the fears just because people aren't being reminded of it every single day, you know, like just, oh, like outbreak, outbreak, outbreak, blah, blah, blah, like that's not the main focus point of the news anymore, it seems. And so I think that's kind of quelling some fears and we might, you know, that could be helping us get above this, you know, like no one ever really knows, but you just kind of have to kind of take into the world sentiment here. And that's kind of what I, what I'm kind of, that's the vibe I'm feeling. So cases on backside. Oh, yeah, yeah. And so this is, I mean, yeah, we've definitely like, we've definitely in the last couple of months, like we have seen a lot less in the news, like as far as coverage goes. So I think that's helping, helping fuel the market. And the thing about it is, I honest, like, if you're, when you're a trader, you honestly don't care what the catalyst is, all you really care about is what's happening, right? You know, what could be next? Why, why is what's happening happening? Doesn't matter if you were right or wrong, right? You just, you're just trying to figure out what the story is so that you can put, you know, potentially guess what's next. That's all, that's all our job is. So anyway, so this week, it's kind of like a great, now what do we do market for? So the reason why I say that is because anybody who started training this year, like anybody, this is like the first, what, what do I do? Like why, why all of a sudden is there nothing to trade or all my setups aren't happening, right? This is, this is the closest to summer. This isn't even summer, really. Like we still have, dude, we still have gappers every day. Now they're not as good, like they're 30%. Like, like back when I started trading 30%, a 30% gapper was a lot. I don't know what changed. 30% gappers, like that used to be my minimum. Like I would only trade it if it was up. Like that used to be my minimum cut. I would trade it if it's up 30. Now I look at 30 and I laugh at it. I'm like, now my minimum is like 75, 90 is like a minimum kind of stuff. And so, you know what else changed is like 30 to 40, 30 to 40 million shares on the day used to be the biggest volume stocks. Now we get to 30, 40 million in the first 10 minutes. That's definitely changed. But the thing is for these newer traders that started maybe, you know, kind of late 20, even late 2019, right? This is your first kind of dosage of what a summer is like. And summers can get even worse in this. I mean, you can log into the market, open up your desk and literally there are no gappers. There is nothing. You get APR, it pops up 20 cents and that's it, right? And so that's like what a true summer is where there's like nothing. We're still getting a little bit, but it's definitely the first, I'm going to call it dead market of 2020. And here's the good news. The good news about this is that we're already in late August, right? And the first quarter starts, what's, November, December, yeah. So we're like a month away from like the fourth quarter, right? We're a month away from the fourth quarter and it's like the fourth quarter typically isn't that slow. So like if basically if this is going to be the summer, like August through September, we can manage that. We can easily survive that. Like I don't think that it's anything to worry about. And again, it kind of coincides with that kind of like decreasing COVID alarmism, right? The alarmism of COVID has kind of gone down. That's probably what's helping the market go up and what's probably finally, I mean, that's what kept, that's what kept 2020 going throughout the typical, you know, June, July, summer months, right? It's the COVID, right? But now that we're starting to see that decrease in COVID alarmism, you know, we're starting to see that, you know, the market is finally taking a break. The market's finally cooling down because I mean, people see a COVID PR and eventually, right? I talked about this months ago, it just happened. It just really extend way farther than I thought, right? Months ago I said, all right, so this is how, what gosh, what I'm blanking, what's the word? Is it a sector? No, it's not a sector. It might be a sector like the shipping, yeah, like, yeah, sector. When the sector plays go off, right? Whether it's shipper, China, tech, energy, COVID, right? We had a sector, you know, whenever you have like a sector push, well, at the tail end of the sector is when people stop caring about the PRs, yeah. It's like, yeah, people stop caring about these PRs and that's when all of the gappers tend to just crap. And so we're kind of seeing that, right? When COVID PRs come up, people don't care, right? People just don't care. Like we're, you know, like people think that like bigger companies are on the, like we're already starting to get an edge of the vaccine kind of stuff. So these small-cap PRs that put out like COVID bullshit, nobody gives a shit anymore. So we're starting to see that. And month ago I said, when we start to see the tail end of this, that's going to be the short time to really just nail on all of the shitty, fluffy PRs, right? So I think we're kind of entering into that realm because we're starting to see like literally no momentum coming from this COVID. So we might actually, I don't know what's going to be next after COVID, nobody does, but like we might be seeing the death of the COVID kind of small-cap hotness here. Oh, Bitcoin was another one, right? Yeah, so do I want to go out on a limb and say that we are at the end of it? Sure, I'll take a guess. I would say maybe we are and it's kind of coinciding with the market at all time highs and all this stuff. So if that's the case, then my game plan for the COVID PRs basically, it's going to be just short bias on all of them unless of course, you know, you get a nice technical long set up or something. I'll probably short bias on all of them. So anyway, you can see that the range this week and last, but especially this week has significant as drastically decreased. Literally, I felt really boring the last like six months of webinars where like I'm literally just like the range is like over here and I'm moving in an inch and inch and inch and you guys are probably like, yeah, the range that this is such an unimportant indicator because it never changes. Well, here it's finally changed, right? We're at the lowest range we've been in the entire market. We're not seeing really much of anything. We're seeing tight range stocks being the only stocks that move and the stocks that are moving like, you know, like they're barely breaking levels. Like it's not we're not seeing any like 100 to 300 to 500% crap anymore. So the range is significantly down and as as traders who trade off volatility, that I mean, that just immediately coincides with the dead market. And so it makes it very more difficult for us to make money on that kind of environment. One, even if you're a short, even if you're an all day fader short, a stock, I mean, it's not going to give you a good entry opportunity and it's just going to tank. You're not going to want a really short big down there and it's then the range is going to slowly trickle and it's also harder for for faders to turn right. So the shorts definitely have the control in these two markets. They tend to have the control as momentum confidence is pretty much at all-time lows right now, especially for all time this year, all-time lows for this year. Yeah, Nia's not really a small cap though, but yeah, yeah, Nia's Nia's definitely been a beast to these last this last week anyway, but the action it's basically crickets really, right? Not much of anything really crappy range over crowdedness on the one to two plays. We actually do get, you know, like we're really seeing the over crowdedness thing has definitely increased because all of this volume like this 40, 50, 61 billion shares of volume has to get put somewhere, right? All that volume that everyone's used to trading has to get put somewhere. So the second we get a play, like someone even like tagged me and said like, I bet Austin would call VBIV a fuckboy stock or something like that. Well, yeah, like when everyone's trading the same stock, that stock's going to be a fuckboy stock, right? It's just, it's just going to trigger stops, short stops, long stops, no rhyme or reason. It's just going to kind of be a pain in the ass. But anyway, you do have to be careful. And when I, I especially mean shorts right now, long's kind of already know to be careful in this market, but if you're short, this is where your bad habits are formed. And I'm not just talking about the obvious impatient bad habit like where, you know, you just get impatient short and get rewarded or you, you know, crappy trade selections where you're just kind of trading crappy stuff or crappy setups and kind of just, you're not getting that punished for it. We've been being rewarded. But the most important bad habit you're forming is actually like not getting punished is the worst form. Like getting rewarded is bad, not getting punished. Like, I mean, it's kind of the same thing, but when you have a shitty chase entry or just trading a bad stock or something that you shouldn't even be trading and, and you don't like take a loss from it, even if you just get breakeven on it, right? It basically taught you that it was okay to do that, right? This is where the bad habits are formed. And so you really have to be careful about not changing your process or your style too much because put it this because the dead market is the minority in the, in the market. The market is typically pretty busy, right? The market likes to be busy. PRs like to happen. It doesn't normally when markets at all time high as the market is busy, but I think it's this COVID thing, right? Like we're seeing the small caps is seeing the end of the COVID whereas large caps is seeing the end of the COVID. So that's kind of why we're probably seeing the disconnect. But you guys have to know that like a dead market is typically the minority market. So you don't want to be basing your strat like creating strategies in this kind of no momentum market. Normally momentum is a big factor in the market and you have to kind of respect it. Don't just, you know, expect that this no momentum trading is just going to be around forever. So be careful that you don't form these bad habits with this kind of action that we're seeing here. The patterns that I've noticed have been really working simple shorts have been really good. I nailed a couple of them this week and last week. Death candle is obviously really good because momentum already weak. So once you get a death candle, like it's kind of there's no coming back from that in a momentum less market. When you get a death candle that supposedly kills momentum, you're killing like a little a bug about this bit like you're like the death candles like stepping on a cockroach like the cock or cockroach not a good example cockroaches never die. But you know, you get I'm saying like the death candles literally squashing something like really small. So death candles are a really good set of death lines are really good set of death lens and death candles are both momentum killer strategies. So, you know, those have been really good and simply short is is kind of another anti momentum strategy. It's once the first potential top is in people start saying, well, that's it. Right. So the momentum killing kind of strategies are what's working because momentum is the weakest in the market. But basically this week is just kind of like a continuation of last week. Right. We're seeing a lot more range bound holds strategies were the the why did I say that the problem is light. Right. I one thing I've been noticing is that simplest shorts in pre-market have been working really well. And that's because like I said, like these COVID PRs aren't having the same like pre-market up, up, up, upness that they've been having in this in the last like couple months. And so they've been doing really well in these slow and short and momentumless markets. So that's one thing that I'm probably going to take note of going forward, not just in pre-market, but just overall when we kind of enter here, this is the time like when momentum is really at the all at a weak point. That's when simplest shorts tend to work. Simple shorts tend to really fail when like you're in a buyer's market and as a hard pull, you're in a buyer's market with momentum. It can have a hard pull, get a pop, you short the pop and it breaks the high. I can't tell you like that's happened so many times. So it's like simplest short seems to be one of those kind of tag on here. The shorts market when you want to do that at right and these last couple of weeks. I've really noticed it in pre-market. Anyway, what do I think's next? I don't think anyone can guess how long we're going to be in a dead market, but I would guess at least for another week that get ready for this. Maybe through the end of September even, but we just have to endure this right and we'll reassess that next week of course, but all of 2020 has been incredibly just busy, busy, busy. So a cool down is pretty natural for all of you spoiled brats. I expect a lot more pre-market death in the next coming week. I expect or not more, but I expect that to continue. But I don't think it can last for long considering it's August. Oh my God, dude. Pepe memes. Like the Pepe memes for trading is like so perfect. Like then my favorite one, my favorite Pepe meme for trading is, is the, is the little one that worries like that. And it's like, it's like when you get a scalp after just when you're almost at max loss and get a hundred dollar scalp and get so happy like some hope in my life. It's so funny, dude. But anyway, definitely in the dead market. And overall, yeah, I mean, look, there's everything. Carb is not supposed to be green. Carb. I don't know how that, no, this is supposed to be red. Yeah, literally, there's no green in this market in small cap land. Like it's literally everything's death. Large caps doing amazing. The only bullish factor that we have out here is that it's literally fourth, we're literally almost in fourth quarter. So that, that's probably going to likely hopefully put a can to the summer. Looks like my PNL. Oh gosh. But anyway, yeah, so if you're along good, I mean, good luck man. It's really difficult. Like I'm, I'm more of a long and I like to just, I've just been toning it back. And I want to talk about that after once I finish this slide, various factors, obviously the works that works that kind of stuff. Givo XSPA offering and even, even the actually I'm kind of lazy. I didn't see the end of PD today, but didn't like epically get down. Yeah. Yeah. So that should have happened. Yeah. So that should be a Givo XSPA offering and this PED just tank the pre-market depth. We've been seeing this overall less plays kind of this confirmed summerness. That's definitely a bearish factor. SGLB and caper death, like that, that, that, that kind of started off the week with us. And the fact that like it's been really hard to get borrows on literally every single play and as long as no and shorts, like, like long to get excited when you're locked, when there's a stock that's popping up and the borrows really available. Like, I get, like, I, like, I'm like that, that, that black guy in the yellow corduroy, like, sweater meme dude, like, like you're just ready, right? Like, but when, like the borrows on these plays have been really tough. Yeah. The borrows on these plays have just been really hard to get. And I mean, that just, that makes me like not want to really long them. And I kind of go over that in a little bit. But anyway, what's next? The point of, what's in the overall market? The point is don't find the trend. This spy seems to be in a, in a squeeze as people likely banked on what I banked on, right? And I'll admit I was wrong. And, but I remember saying that like I could be wrong and that price actually is king and that still holds today, but I still, I still do have doubts about the staying power up here going into the election because we went over that a couple of webinars ago where we kind of looked at the market tends to hesitate right before elections just because there's so much hesitation. I still, I have no reason to believe that that's not going to be the case this year. I, this can be a little squeeze will reassess it in like a month and see like if, if we're at 370 I guess I'm wrong today, but I still have doubts about the staying power up here or, you know, at least the, you know, that's, you know, what's the next big level 400. Yeah, I don't, I don't see that anytime soon. Um, I couldn't borrow back a sugar like exactly. Um, but anyway, I'm not going to try to guess the top of the squeeze, but that's what I think's what's, what's happening. COVID fear and sees to have seems to have lost its edge in the market. And that's why, um, and that's why that this normalcy kind of perhaps like we might see this normalcy resume, the election should still offer the hesitance. And so I put a picture of Gary here because that's me looking at this market right now. I was like, what's going on over here? Like anyway, so yeah, oh God, what was I just about to talk about? Oh yeah, the, um, oh yeah, with no borrows and, um, as along when, when there's no borrows as along, I really, really, really, really, really have like I'm very quick with my targets, by the way, like when I, when I, when I'm trading a stock long and I know there's a good, healthy borrow, um, then I'm not even afraid to buy dips because I know shorts are slamming it, right? I know that like I can buy a dip shorts are going to slam it and they'll prop, you know, the, the impatient ones are probably going to cover it. I have a lot more confidence buying those dips. I have a lot more confidence buying the strength because I know covers are going to follow me, but the, the explosive power of stocks. I just don't have when there's no borrows and every other long noses and that's, you know, that psychological that people like this longs knowing that they're not going to like chase highs that much. And so if longs aren't chasing highs and that's just half of the demand gone and we say that's half of the demand. If there's no shorts, it's probably three quarters of the demand gone. Right. So that's kind of that it really, it's a huge indicator for, for longs. Anyway, so one thing I want to talk about is CJX was a stock today, by the way. And so now's the time. If you guys want to post tickers for me to go over, um, we can go over them. Um, because I won't, I only have like two or three today. So if you have tickers that you want me to go over and kind of, kind of analyze a little bit, now's the time. But yeah, CJX was a stock. I actually longed it and I made money. Um, I just didn't make a lot of money. Um, because I didn't have a lot of faith in it. But, um, like, okay. What's first? So bottoms first, right? Um, yeah. So this was, I think right after I longed it, like I longed it here, I longed it here. Like somewhere on, on, on, on this VWAP reclaimed candle here, and I sold it up here just because I was like, I just don't have faith in it. And so I remember in, on this day, I, I, I wrote this chain of, of, um, things, this chain of got commentary on CJX in the main chat. And I was like in a different market environment and a different borrow situation, what I just talked about, CJX could have gotten nutty and fun, but we have to take these into account with your targets. And that's why I say whenever a sock doesn't have a borrow, I reduce my target. Right. I knew nine could potentially be a pain in the ass and stuffy before I longed it. Now I'm buying here at like eight ish on the VWAP reclaim knowing that nine could potentially stunt it. Right. And like here's the thing when, when people ask like, how do you know where you want your targets? Well, this is an example of how I set a target. Right. Um, I put a target out at nine in my mind. I'm like, I know I'm going to sell some at nine. I would like it to go to 10. Right. That's ultimately what I wanted. I'll buy nine and I hope it goes 10. But if it starts to stall at nine, I'm probably going to sell it all and I sell it all at nine. And so that's kind of how I have like almost like a flexible target. Like, so like, you know, like people ask, how do you get the top? Well, you almost have to be a little flexible and be willing to not get the top or be willing to sell early. Like if I sold it all at nine because it was stuffy and it went to 10, I would have missed it. But anyway, and so I, I said, like CJX, I think the range, I think, I think has the range to pops to nine again, but it's a tough long there as this is tough to anticipate, likely leaving it alone for the same reason. So when it dipped down here, I was like, I think it can make it back up to nines again. But this is, um, but, uh, it has the range like this one actually had good range, one of the few of the week that had good range. But this is a really hard stock to anticipate, meaning like just buy it down here after it slammed and rejected nine, right? It's really kind of tough to anticipate that. And if you don't anticipate it and you're kind of buying up here when this is not the first VWAP replaying, it's really tough to anticipate. And that's why I left it alone. And so I was like, I did think that CJX was a tough short as well, but I did think it was the right side to be on, but it's not worth having size on. And this kind of gets into what I'm going to talk about full size. This stock, albeit I thought it was a short, yeah, eventually I didn't think that it was, um, worth having sinus size on unless it was under VWAP because it was too risky, right? It's just because and what makes it too risky. It has the range, right? You look at the stock and it does have range like this stock, like in this stock can move from eight to nine and two to three candles. That's not something that you really want to have size on the position. Right. So this is, this is an example, um, where like, like on the right here, like when it broke 950 here as a long, I didn't like that it broke 950 and then made it to like 980 and gave it trouble, right? That and that really sealed the deal. Like I think this is a short, but it's not worth having size on. Um, oh, this was a nice, I was congratulating someone for a dip by here. Um, and I said, I, and right around, like, yeah, for like 10, 05 year, I just didn't think it had the explosive potential. You know, it had more of that grindy kind of that kind of either a grindy up or a pullback, uh, like a deep pullback kind of deep bounce, like really hard to trade stuff, deep pullbacks and harsh rips that like kind of like it did. That stuff's really hard to trade and it's also really hard to trade when it's grindy. Like when it's in that middle sweet spot, that's when it's kind of nice and easier to kind of guess, but when it has these deep harsh pulls and deep and, you know, rip recoveries or the flip side, that super grindy action, those are both really hard to trade. And I felt it was going to be kind of one of, you know, you know, one of those. And so, you know, like, I just left it alone. But the thing, and then the last thing I wanted to say was at CJX, it's forming a trend. So if you are short, which I actually thought was the right side, you still have to respect that like this is holding this is holding this is holding higher lows or holding until the higher low doesn't hold, then you can kind of get a little bit more aggressive. And this is an example. I mean, I want to revisit this when I go into full size. Remind me, I don't want to talk about full size yet, but we'll talk about full size on this chart. I didn't have a borrow on this though, or I would have actually show it in this one. But yeah, I mean, that's why that's partially why I didn't want a longer right, because there wasn't a borrow. If there was a borrow, I might have wanted a longer. It depends on how much the borrow would have been anyway. Oh, do I have more on this? Oh, yeah. Yeah. So I'll have to come back to this chart. I'll come back to this slide. Remind me to come back to this slide. I want to do this slide later. Anyway, so basically CJX, this was my trade on it. I just bought the VWAP reclaim and sold into 950 because it's kind of just what I said. It's a VWAP reclaim. It didn't have power. I didn't like that at VWAP reclaim and I thought it could run into resistance at 9 and it did. That's like, well, shit, I'm probably selling it all right here. And it did. Like good thing I did is it dropped mass weight of 750. And the stock is hard to borrow and has options available. Do I trade the put options? I don't trade options. I should, but I don't know. I'm kind of lazy. I mean, often it's kind of like the small caps of large caps like I should. Yeah, it's just a VWAP reclaim. No power. If it was going up, it was going to do so either grindy or rangy. Kind of what I just talked about. All right. If this was going to go up, it would have been grindy or it would have been rangy, right? And both of those I'm not good at. So I don't like to be a part of it. I like taking the shots that I like to take and very few shorts. So that was a CJX trade. SGLB, I didn't trade this one, but I wanted to go over it like this is just the power of no borrow and the power of the dead market. The power of a nice, simple short here, but there was no borrow. Like if there was a borrow here, I probably would have simply shorted that right into 750. But yeah, it's like this is the kind of stuff that you get when there's no borrow in a dead market. Like this is why as a long, you can't be buying anything right now pre-market. You have to be waiting. You have to wait for anything. Wait for the open and wait for like a true volume setup. Otherwise, and a bar, like you want, like as a long, you shouldn't be trading anything unless it has high volume and a borrow. Like that's the only thing that you should be longing right now. It needs to have high volume and needs to have a borrow. Otherwise, don't even think about it. Um, sorry to jump back and forth. I remember what I wanted to talk about on this slide on the market sentiment. So I'm bouncing back and forth. Little unorganized today, but I remembered what I wanted to talk about. So what I wanted to talk about in like about the market sentiment is this is a really dead market, guys. And, um, here's the thing. Right this week, I am taking an advantage right now. I am using this time as an advantage. I'm almost giving myself a free week off, right? Here's the thing. Like I bet if you drew a chart between number of good plays, right, like number of good plays volume and range and volatility which we traders like, um, and on all this good stuff, like you made a chart of like how it's been 2020. It's kind of been like slowly uptrending, like like big spikes pullback, but staying really high. Right. And then it would and then it just dropped off here. Well, I'm sure your P and L probably follows right because the good setups come with the volatility and the range and the volume, right? That's where the good setups come from. And so like I basically don't want my P and L to fall. And the way I see it is it's not exactly worth it. And one thing I've learned trading in these last gosh, almost six years is you need to take breaks and the market slowing down is almost like the market saying take your break now because when you try to stay and force, forget that you're going to lose some money along the way. Like that sucks. What really sucks is that like your mind then goes down with the with those other lines on those charts. Your mind goes into the gutter like that. And right now by kind of like literally like like I've been waking for me. I've been waking up at 3 a.m. every morning. That's 30 minutes before the market opens, right? Like I've literally I forced myself to wake up later so that I can't FOMO pre-market. I've been doing that. Like I am forcing myself to kind of take off. Like I'm only saying the first 30 minutes. I'm only saying the first hour max and then barely. I'm not even making any trades. Like so it's like I'm kind of like on a little mini vacation and the thing is I'm not like gone. I'm still looking. I'm still here. I'm still ready to take advantage of an opportunity. If if it well 3 a.m. is late for me. I normally wake up at one. But the thing is is that like when like you need to take breaks throughout the year or you're going to get burned out. And so why not when the market is taking a break. You you need to take a break with it like this is not the time to push. This is not this is not the time to test out new strategies. This is the time to like the thing is that I understand like that I'm not going to resonate with a whole lot of people here. A lot of you guys are probably like first year traders, maybe the second year traders but who and you don't have that burnout. But like you'll get it. You'll get the burnout and like you'll get the whole like I mean time away from the screen is just mental like kind of taking that that off. Like it really helps like I've really enjoyed like this week has been so fun. And and what I've learned is that I'm just having mean fun all over in the chat. And so basically what I'm doing right now is my mental state is up here. Now the market fell. But by avoiding following the market down into the gutter, my mind and my freshness like I'm still fresh to trade. I'm still an opportunity comes. I'm still super fresh. So like when the market comes back, I'm going to be like there ready to be a hundred percent. I'm not going to like I'm not saying that if I do trade that I'm going to be that I'm going to lose and that like and even if I do lose that I'm not going to be able to recover from it. But there's a significantly greater chance that a I am going to lose and a my mind will be affected by the losses that I made or may not take. If I do, you know, decide to try to continue my my P and L through this crap. So I'm basically just trying to like, you know, the market took a break and I'll say I'll see you later when you come back. Right. And so that's kind of what I really wanted to go over on the slide, but I just forgot. Yeah. So like that, I mean, you see me like being all like abstained in chat. This is the reason why like I just I've learned my lesson like the opportunity costs when the market comes back is way greater than what I might lose. It's the thing is I might lose and I might be like kind of not feeling it. And like, I might be a little bit more trigger shy. I mean, that's that's still happens. I might be a little bit more trigger shy. When the market comes back and the opportunity is great and I'm just kind of like in let me just kind of crawl back and make back the money that I stupidly lost mode. Right. And so I don't want to be that I just want to be ready to go. I want to have a fresh brain. I don't want to be like just feeling like the market drained me because I'm sitting there for hours searching for a 10 cent trade. So I've kind of taken this week off like mentally. I'm still here every day, but mentally I'm kind of off. Anyway, so that's what I wanted to talk about there. Power of the dead market. Kaper. I mean, this was a little this was a little simplest short that I took pre-market and this is kind of this is the trade I took last week. Craig and this was Kaper this week. This was a simple short and pre-market something that I've been noticing has been working really well in this dead market and probably maybe what I might just do. Just go for simple shorts this week and try to keep it really simple. But I would you know this is a way that I try to use the market sentiment to my advantage. I basically just I didn't believe it. Kaper popped up a big pop up from five to seven. Right. And I was on some I don't remember what fucking PR but it's Kaper and I'm just like whatever. Like I in this market whatever fluffy bullshit PR it is I don't believe it's I don't believe it's gonna have any sustaining power at all. So I just like I'll short it like I just waited for it to top out the top out at seven pulled back harshly to 650 I'm like I'll short 690 and that's you know just immediate reject and this eventually went way lower and so here hindsight I should have held some and I normally like I normally like I want to make sure that I don't just let hindsight dictate like most of the time I'll cover it'll go lower I'll say I'm happy where I covered this time because I was using market sentiments for my entry like and for the reasoning of the trade that I just didn't believe it I thought it would fade back. I really should have kept some on but I mean it's just so habit for me to just take it all off kind of initially pre-market on that simply short you get the poll and that's it and so like I really should have kept on like a quarter or something for like 6 but I didn't but like next time I will like that's an improvement I think I can make if I'm going to be using the market sentiment to enter I might as well use the market sentiment you know using the same reasoning for a lower exit right if I really am kind of using this deadness this I don't believe anything has any kind of stain power and everything's going to fade kind of mentality for my trades then I should kind of see it through all the way right and so this is something that like this next week I will try to be better at like I will try like if I if I take a short like this one I will try to have a lower cover next time I'm typically more of a nail and bail but I mean it makes sense to hold lower so I'm going to try and hold lower next week and yeah and so yeah it went way lower should have held some normally I'd resort the balance of course I would have but no balance and this is the exact same trade I took as Craig last week right there was a chat room in here just the same as it was in here this one topped out at five this one topped out at seven you know kind of pushed up and I like five here better which is then I did like seven like seven is more of a weirder number than five five's definitely all that that super psychological number so but basically the same kind of trade simple short pre-market whole dollar reject chat room in basically I like I did like word for word the exact same trade but should I hold lower of under pt and if you're under pt and you should probably just take it like I did that I mean the thing every broker has a different rule on how I thought that you could have one I'm not sure I know different brokers kind of different like semi slightly different rules on the pdt like on entry entry exit exit entry exit entry is another one so I don't know exactly what your rules are you like if you want to hold like a little bit for lower or if you're trading really small at the fees add up I'd probably take it the way I did here just the classic nail and bail get used to nailing veiling don't try don't try anything fast don't try to change a process if you're a new trader just go for that classic normal cover kind of spot but you know if you know I don't know what rules you got but probably best actually just stick to the process here you know just don't don't get used to changing on the market what was the second set of trades I mean this is last week I went over this last week I mean this is this is a short back this is just a short back into this I think a chat room bought again but I was calm I was confident that this break down would hold trader is one direction short short short covers one train that's really cool that's really cool I think I think I think kind of broke is a changed a little bit and since when I first started but that sounds really that sounds really kind of doable anyway it basically I just want to show these are the exact same trades here they look different but I mean the reasoning the reasoning the methodology the variables the strategy that the entries the exits all pretty much the same where am I here okay so any other any other tickers want me to go over I saw VVPR I saw M.O.X.C. V.B.I.V. and V.V.P.R. So whatever you have here we had M.O.X. Oh by the way I was I actually didn't have one short I was going to trade once today on V.B.I.V. I had a 487 short I remember I had a 487 short right here so pissed I'm so pissed going for a little first resistance off 5 I'm like this will be the only trade I take today I had a 487 short right here and I was so mad I was like are you serious that was annoying anyway and I would have covered right there you know I would have covered 60 I would have covered 63 been done with the trade that would have been my trade for the day just enough to ease the fumble but anyway so V.B.I.V. so this one today was the royal pain in the ass today and so what do we have going on here so the first thing that I do on this kind of stock is I look on the daily right and so 525 and where did we open it we opened at 416 so yeah 450 here and 520 right and so when we have this kind of pre-market chart right we're opening into the pre-market for it recognized 450 and so yeah and so I think I remember commenting on this for me let's not look at let's not look ahead and so this is a good example when I talked about last week when I when I had the webinar I had the webinar call be careful what you wish for and when we're going into the open like this this stock is pretty dead pretty below view up and here's the thing there's probably some fantasy orders in the 30s and 40s I'd be willing to bet that there's fantasy worries in the 30s and 40s and so here here's what happens at the open look at that in the first two minutes like we pop up there like from 410 from 410 we pop up to 3040 right and so last week in the be careful what you wish for a webinar you know I kind of brought up this this point somewhere where did I you never want I'd be you never want to stock that went from week too strong you never want a shorter stock that went from week too strong and so order a couple ways to identify that this was weak too strong well here we are you know we're testing here at like you know all the short see is if we break for or seven that we can go break for domino down cover 390 that's what shorts see out of the stock I know I'm a short right if I'm shorting the stock kind of sub view up thinking fade and a crack at the open right this is what I see so I see that there are shorts down here hoping for this fade the chasers and there's also people some view up shorts but there's also some fantasy orders here so here's the thing when this pops up and hits all of them all of them in one swipe right like if you did a two minute charts in one swipe right you do a two minute charts in one swipe not like I really do that all right you go all the way up here to 40s right like you get you get up there in one swipe and everybody gets filled right there everyone's filled short and the stock is at 430 and I think I mentioned something in chat and I said be careful that this push could have trapped like I said I write it it happened this stock could have trapped everybody right here be careful if it stays we're gonna you know we can squeeze higher and like and so this is what I mean when it stays right you're chilling above view of and this is another right obviously you go from sub view up to view up from from sub view up strong push over view up that is from weak to strong that's not something you typically want to show it so if you got caught oh you'll be wary of this next time and like and you see this like one minute whole two minute whole three minute whole four minute whole five I'm it's holding above view up after it filled everybody short remember these guys are short the view up shoulders are short and these fantasy guys are short and not happy because they didn't get filled on the fantasy and it and it dropped right that would have made them comfortable so these guys are not happy these guys are not happy and these guys are not comfortable right so you have not happy not happy not comfortable because it went immediately from weak to strong and so I mean naturally it squeezes right naturally it squeezes yeah I would consider this I would definitely consider that a short chat because them the strong happen too fast right like you know if it if it's slower if it pushes if it kind of rejects harshly like if this reject would have came back sub view up different story right but it held and it stayed and that's what caused the trap is because it kept people it kept shorts unhappy for a long enough period of time and of course this was the easy to borrow one right so naturally you have a lot more shorts than because everyone can short this one and for a week there's been no borrows on anything so everyone's shorting this one because they can so it just I mean it's naturally a good it's it's it's natural that you have to be careful it's this kind of squeeze let me phrase this this kind of squeeze can happen just naturally so as a short you need to be weary when a stock goes from weak to strong like that and that's kind of what I was talking about last webinar but and then and this is where it just becomes a big fuckboy stock where it's just like now everybody's trading it so hard and like I wanted one first resistance short off of five and you guys know that on first resistance shorts I like them to stop early which is why I had 87 and I wanted 87 because I felt if we got to 90s maybe we could push over five because 90s 90s is kind of strong like psychologically when I see 90s on like if I see a stock go to 90s I just think well it wants to test the dollar or whatever it is so yeah and so this is where it just got really hard and and if you were still trading it over here like you're a masochist like it I mean it's everybody in the world's trading this like this is what everybody is trading like it's going to be hard it's going to be a headache and so you kind of have to just know that know that right it's above the I mean all the signs of there it's above you up higher lows it's easy to borrow and you got all that factors in here it's just a big pain in the ass the PR what it was was this a mover this is probably the day that people want to talk about Oh is that pre-market was that the prior day this was the prior day yeah so yeah so when you come into here this was the 24th on this is oh this is after hours got it yeah after hours popped up there okay and then you have this push up the fight now I got it I mean so I mean this was actually a solid trade I mean you you know you kind of have just a basic line short on here someone actually messes me about this and here's here here's what I want to talk about like this is a really good example of starting late and starting slow and kind of like how you can use that one here when you have one really solid line the starting late and the starting late and starting slow strategy would say just put your order at 550 small order and just kind of give it an hour right that's kind of like the start low and start late webinar I think that's I think I called it the powerful pair or something that's a webinar I talked about that this is the only really trade set up I saw on this there's a VWAP reclaim down here I mean look at the volume you can't you can't take this trade on the VWAP reclaim trade you can't really take this like that's really hard like it's in the middle of the day like you got it like this is hard like you can put a stab on here I guess I mean I don't know the news come out maybe then like because the line like I don't know this is very hard long to capture because of the low volume makes it really difficult to catch on your radar and in this this week we're long kind of suck this and this kind of price action when it kind of everyone knows like there's like a level here at 550 from the the pre-market so like 540 kind of stuff here so like you know if you missed it it's kind of hard that's why you just kind of this is the kind of trade where you kind of if you're going to short it you're going to short it on this line you're going to go small and like just give it time that's the kind of trade that you need to take with this kind of stock I feel these kinds of like stocks with super obvious lines but it it's kind of like making it making you look making it look like it can break like this like a consolidation kind of stuff this small size and weight and what was the other one and moxie that today almost today no borrows on this one I remember naturally oh wait sorry I woke up late I woke up late so there was no borrows for me but there was probably some borrows right but I think there was only a little bit I think there was only a little bit of bars I think I asked so again kind of a not no borrow situation and just kind of died here's the thing guys don't get don't get what what I'm saying is don't get comfy with this this kind of stuff does can't hang around for long like this kind of stuff won't won't just hang around for long this is a trade where it's really hard to get in full size you you you kind of have to have really tight risk and it's kind of just got to work for you if you if you're going to go full size here the only way to make money on this kind of stock is to constant recycling didn't James have a video on this I haven't seen it yet I think James did a live trade video on this but yeah the way to make money on this is to constantly recycle keep shorting the pops keep covering the drops until you kind of hit like 10 a.m. or something and you feel it's down a little bit too much when you say they haven't been shortly located this last week do you mean I'm using trade during they don't show how many shares are available to short I just know when I get it when I get a borrow my small size is in shares that had no pump to get in low cups and low cap well the thing is I mean I don't know how expensive they are I don't know what you've been locating but overall we've seen a like we've seen a drastic like we've seen a lot less plays and thus a lot more competitiveness over the plays that are there and the and the like the runners that have been running have been very thin and not a whole lot available so if you only want 300 shares you can probably get them right but like for like you know for about you know for a thousand traders to get 5000 shares each or something like that that kind of stuff that kind of supply this isn't around anyway yeah so those are some I mean it really wasn't a whole bunch I remember IVIO there was a one good line trade on this I had a couple people talk to me about this one there was one good line trade on this one day on 260 and I felt this one good line trade right here again I kind of wasn't watching but you see this this we have this nice 265 line here the next day we kind of we kind of turn on and here's the only trade I see on the state for me the only trade I see here and first of all I wouldn't take this trade because the range is too tight for my my my liking but we get up here to this to say like you know you have a 265 over here we don't have to draw it but shit you know the stock pops up here and this is where let's not look at the whole chart yeah the stock popped up here to 260s and you start putting your orders up here you get this pullback here to view up and you cover that as the first resistance short at the 265 line you call it good you got your pullback to view up front side short front side cover this is clearly a front side move you get the front side cover and you're done with the trade you want to recycle it up here you can try you know pops back up to 260 you can maybe you recycle kind of a strong move kind of a strong move to recycle like the thing is once this kind of bases here to 50 what are you going to do you get a short here to 60 and cover what to 53 it's kind of hard you're getting and this is again why tight rain is kind of tough but you can go for the recycle I think it broke oh look at that oh look at that it did yeah so you can go for that right look look at that I didn't even know I thought that just blew through we get your cover there to 60 30 you want to recycle that and there it is and like it's not going to you know the main trade is right here this is the main trade like for me this is the most predictable move here on this day but how's that I didn't even guess that was like 233 but yeah it's like you get a little recycle there and it like you probably stop out she's so hot I don't get it what time are we at 204 oh fuck oh of course of course white suit Padme beats slave Leia any day of the week of course beautiful as the word anyway yeah oh we have good would you buy it to know I wouldn't buy it to just there I just so I have no faith in the range I don't like I don't like buying these these are very grindy ups these stocks are kind of these stocks are very grindy ups I don't like I don't really like them anyway so I think that was just most of the ones that I miss there was really only a handful this week anyway so it's time time to move on to the rats of the week and this is basically just I'm going to pitch out everybody for trading shitty setups and then messaging me on like what could I have done better here well you what you could have done better here is left right no I'm kidding kind of not really but yeah like I've been getting a lot of DMs this week and like I hate getting DMs and I'm just like why are you even trading this in the first place like like what are you doing like like the like I've been getting these DMs were like man like is there anything I could have done different or like like you know like what did I do wrong here and I just want to say what you did wrong here was you traded in the first place it's up 25% for God's sake what are you doing like it's like in that they mean they're so relatable to trading it's not even funny yes so anyway oh my gosh dude I love that they mean they're so funny anyway so what on earth are you guys fucking trading guys like I mean being a full like boss is it all time being a full-time traitor doesn't mean trading full time if there's no good plays don't fucking trade you are settling right stop settling your trading guys like literally stop making the best of a bad situation you're in a bad situation remove yourself from the situation right the thing is it's like if like if you're an experienced trader and you have multiple levels of arsenals and you have like dead trading arsenals where as an experienced trader your size down to 500 shares and you're looking for 50 bucks kind of just like past the time maybe pay off some of maybe like pay off some of your borrow fees earlier in the month you know fine right like you know and you know that this isn't going to get to you but like you're a new trader first-year trader maybe even second-year trader stick to your setups and I promise they're not here like like you're grasping at straws to find really good setups here right you guys are just trying to like put it like it's almost as if like your use like you know that's not a good it's not a good analogy but it's like if someone put anything on your plate would you eat it no right like just because if someone put rocks on your plate you wouldn't eat it right like you have to you kind of have to have some objective standards right you need to have some objectivity in your assessment to trade otherwise the market is in control of you the market is basically the market does the market get to decide what you trade like who's in control of your trading are you in control of your trading or is the market in control of your trading by just you're going to trade whatever the market gives you so if the market gives you shit you're just going to trade shit right like it's like you know you being able to say no I'm not trading this garbage means that you're more in control of your trading it's a way of being in control of your emotions when you just kind of try to trade the movers of the day kind of whatever they are and try to make money on whatever's there you know like that's like you need to be working on you need to be working harder than that like you need to be you have to be more focused that's the word you have to be more focused than that right so you know like the thing is is that what what are you like what you guys are trading in the best of a bad situation would be the crap stocks on an average right like you have already eliminated like you would like these stocks that you guys are trading and having a hard time with you would have you would have eliminated them from your watch list on a typical day these are the stocks were they would have made the cut because they gap and then you would have been like oh no not not VB IV not IV IO not this one I'm right you would have you would have you know like cross these off but yet here they are they're the main watches today right where's the objectivity you're totally letting yourself be subjected to whatever the market's throwing at you right so oh hold on this this line isn't supposed to be there I forgot this line isn't supposed to be there the rant of the week that line is not supposed to be there that was on another slide anyway so again so if you see a mod right or an experienced trader trading right and you're seeing in post chart or posting ideas it doesn't mean that you should be right the difference is that mods are going to be very confident in their process they you know if they lose they're not going to it's not going to be devastating for them right like if they lose on it like they're like they're going to like oh well whatever like because they have confident in their ability to make money tomorrow whereas if when you like newer younger traders are striving for your confidence this is like I mean this is like just gambling like you're literally just like gambling your confidence away right because like you lose on this trade and you're going to feel like bad tomorrow right because you're still new so you know you're not that confident in your process it's just not worth it right that's the difference right they're on a higher level experienced traders even that aren't mods are on a higher level do not compare yourself to them if they're trading I mean gosh shame on them for giving you foam but shame on you for getting foam right you can't compare yourself right experienced traders tend to have a lock on their system and they know if they're breaking their system or not they like I said they might have tools in their arsenal that they don't ever use really on a daily basis because they have better tools but this could be a tool that they have scalping for 510 cents that they normally don't do but now they're they're pulling out this tool in their arsenal whereas you it might not be a tool in your arsenal yet and don't don't use it right they may be using a tool or they may be breaking their process right and if they are breaking their process or giving into boredom I'm not going to put it past any mod including myself to do such a thing do not copy their mistake right don't copy our mistakes if we fuck up and we shouldn't be trading something and we do like don't don't you don't have to take that loss with us right like just because like we can mess up to like we can be giving into the boredom giving into the FOMO we do right we can break our process especially if it's slow like this is where everyone is most susceptible to just because we're breaking it doesn't mean you have to right and they probably size down like like probably every every experienced trader I know has probably sized down in this time because they just know that the opportunity is not as good and you know you don't want to be trading as big when the opportunity isn't as good sure sure but don't it doesn't mean that you have to like feel the need to trade just because they're trading sometimes we feel like here's a little honesty sometimes we feel like we have to trade to to kind of produce content a little bit like I sometimes I feel like like I feel like man like I feel bad not trading not posting charts but like fuck it like I don't want to lose either like like I'm just being honest like I have that FOMO I have like content like I really do I have content boom like oh man like I gotta man my trades have kind of been shitty I better try to and I force trades that way just like you know oh I haven't posted a like a solid VWAP reclaim training in a while let me try to force this one but yeah I do I get the content FOMO a little bit something new that I picked up that I've had to quell um content FOMO sounds like an only fans term anyway and so yeah there's a different so there is differentiation noted ahead of time I promise like there's differentiation in in these trades versus the other trade I promise every modern experience trader has this differentiated noted ahead of time there are these double checks there are there is this size and there is this check in balance so stop settling guys like go for good setups if you're a first bounce trader and there's no first bounces what are you doing right if you know like if if you're a first resistance shorter yeah you're probably getting some first resistance shorts but you know like if you're like a death candle shorter and you know there's not enough place to give you a good death candle like what are you doing right like wait just wait if you're an overextended trend break trader right if you like to trade over is that if that's one of your if you're a trend break trader and you've got this like shitty effing stock like you know like VB IV or the stock of itty bitty range and and you're like oh look it broke two cents under this line and now I can make seven cents to the bottom what are you doing like not even a big enough trend to even consider it a trend break right so yeah so just I mean have some objectivity to your trading and don't give in just wait like better days are ahead of ahead of us so that's my rat of the week and now so to get into full size right so if you scale and again there's a little bit continuation of a random from a webinar or two ago but if you scale into every trade this is likely you you're never getting in full size basically the only time you're ever going to get into full size for a winner is if the stars align right and like hercules right 18 years precisely the planets will align ever so nice right and this is this is the this is the trader that scales up in between lines and like well I'm going to have an order at at 425 or 5475 and 490 stop out of five no time you're going to get the only time you're going to get full sizes if it goes to 490 and tops out full size trade 490 and tops out and not five because five to stop so you have that 10 cent window where you know for you know or whatever for you know for 40 for 4060 80 and 95 and you're stopping out over 510 you have this like 15 cent window of perfection where it has to go to 490 but not to 510 or you know or something or 95 and not 510 right if the stars align kind of a way of you getting in full size if you if you're not willing to add to winners and so anyway and so this is likely you if that's the case but anyway let me tell you that if you do not get the full size on any trades you are going to making a consistent profit on a weekly to monthly basis is going to be very very very very very very very hard right and so like like I talked about this in the adding to winner webinar where basically the way I view trading is you have the halfies game in the whole game and the half size game in the full size game and the half size game these like ideally like you know if you have a higher higher win rate than a lose rate you're going to be a little bit green over this but where you're making your banks are from your full size trades and and by keeping the risk to reward like keeping tight risk on your full size trades by having small full size losers but big full size winners right full full size winners but tight to break even full size losers right and so this is how you're really going to be like just just to I guess remind remind people who may not have seen it I talked about this kind of like this yeah this half size trade in full size trade right you know like you're not making a whole lot like like the the profit ratio that you get off the like you know like your small wins versus your small losses is like a profit factor three whereas your full size is like a profit factor seven this is where you're this is where you're banking your money here this is where you're banking your money is on the full size trades and if you don't have any you're basically just playing this game all day you're playing this game all day with the profit factor three not to include locate fees or or or regular fees or or you know like slippage right those three things make it tough to win on the half size trades over time you need these full size trades to to be a winner and so here's the thing if you're only playing the halfies game and you have one big loss you're not going to be profitable one big loss and like the halfies game is destroyed right so this is why risk management is key and why you need the full size winners God forbid you have a big loss you know you need to have one like a big win to kind of compensate it and like a big win after to make money and so you need to be in basically like you need to be trading in full size you can't always be in quarter and a half size positions like and you know you just never you're either never going to go anywhere or the big loss is going to create the red the red month basically that big that big loss is going to create the red month and that is even taking skin that doesn't even take into consideration the negative mental side effects of incurring another big loss because you just took a big loss that wiped away all of your profits from playing the halfies game for three weeks you played the halfies game in like made a hundred bucks a hundred bucks a hundred bucks a hundred bucks a hundred bucks a hundred bucks and then like lost 1200 right so you just lost all of your halfies game but guess what you might even be thinking like oh like I got the full size and took a big loss and you know that's why like you know like I'm read because of the big loss guys if you have full size winners your account should even be able to sustain a big loss or two if you have a big win or two guys like part of the reason why you're not winning is not just because the big loss dwarfs the half you know all of your wins because the big loss is so much bigger but it's because your wins are so much smaller than they could be because you're not in full size on any of your winners like imagine if half of your winners were full size winners double like you see how even one big loss might neutralize some of that but it won't like erase everything so you know having your full size winners is vital to going anywhere and what I mean by full size guys is not necessarily two rolls in like 5000 shares and it just banked a dollar like like like it's not like that it's you know like if you located a thousand shares and you only get 300 all the time but when you lose your it's on like 700 to 2000 yeah you're never in full size and so you're you know like you're 30 cents that you make on 300 shares at 90 bucks that you make is a 90 dollars on the day that's not gonna that's not gonna help it when you're in a thousand shares and lose 30 cents and lose 300 I imagine if that that 300 share when was on a thousand shares and say that because you added to your winner you took away some of the average and so that instead of maybe 30 30 cents you on average you made 23 cents well 23 cents on a thousand shares is 230 that's about like four times as much as that 90 dollar when you would have got you know me or no three times as much as that 90 three to four times as much as that 90 when you would have got right so get into full size on on some try to get onto full size of some of these trades what about setting are to an average winner but I mean essentially that's what you kind of want to do if the thing is measuring the R system is really hard because you have to be really honest about your risk and it's really hard for a trader even a trader that wants to be honest about the risk to be honest about the risk reward they're taking so it's really difficult because when you measure R it's like the I essentially run an R system in my head I have a a trade dollar amount that I'm willing to risk and that's one R for me like that's one trade full risk right that's one full risk trade and I'm willing to lose that on a trade and I hope to make at least that or more so essentially that's what I have in my brain I just kind of do it like mentally but like yeah I don't I don't have an R for average winner I have an R for average loser and I try to base my wins off of that average loser right so like you know an average loss for me is going to be X dollars and so I try to base all of my gains based on that that average are for my not for my winner but for my loser sunburn sunburn is the worst chat let's do anyway and so and so here one thing I really want to talk about is if you're always playing if you're always the guy that's playing in between the lines game and what I mean that always in between the line game is you're the trader who have has decided that this is for you that as long as you have a level above where you can add you're you're in control if that's not working for you and I had doubts about its ability to be working for you but ditch it right if you're if you're always willing to add higher that means that you're never getting any significant wins you know like someone messaged me this week a couple people messaged me this week and kind of talk to me about this they're like so like they showed me a chart where you know here here's my average you know here's my target and here's my next entry and the next entry was significantly higher and I was like wait a minute why is that a next entry up there how are you ever like how are you going to withstand the trade going that high up and if your target's down here so you're going to take that I'm just I'm just doing the math like you're going to make 20 cents here and your next entry is like 30 cents higher 30 to 40 cents higher and your target's like 20 cents lower so you can withstand going all the way up there because that's your next entry right you're you're playing in between that like you're always fine like that's your next entry and you're going to make 20 cents if you win but you're adding 40 cents higher that ain't going to like if that sounds like you or you always have another entry higher and that in order to stay trading like comfortably like you trade so small in between so that like as long as you feel like you can add higher you don't have to lose on the trade and that like you're always in this feeling of comfortability and you're never you're never going to have any significant wins and thus you're going to go into this making consistent profit on a weekly to monthly basis is going to be really really really hard so that's not working for you it's time to ditch it right the fallacy that if you're not in full you don't have to lose that that's what this stems from it's a form of loss aversion and this strategy is also cultivated by the fear of correlating full size with losing from the beginning of your trading when you go in full size quickly lose and just be like well fuck I never want to be in full size every time in full size I lose and so you kind of have this like aversion to being in full size because you just correlate being in full size with the loss yeah most people use scaling as an excuse not to get their full size positions right so it's easier for them to put on a hundred chairs and just say they want to get you exactly yeah talking about two lines to be two orders to covers yeah that's because every exit right I've said this before your your entry is decided by your exit and you know like if you can't get the same exit with the same entry that means they should be different trades so if you have a short at two fifty and you want to cover two twenty and you have another short at three dollars do you think that you can get two twenty if you can't get to twenty they need to be different trades because that your exit defines your entry right that two twenty exit defined the two fifty entry that two fifty entry is invalid once you don't think you can get to twenty anymore if you don't think you can get to twenty anymore that two fifty entry is invalid and you don't want to be just holding on that two fifty would do your life. Yay, I'm going to three, let's go to three and just get rope burn. You're just gonna get rope burn and just gonna cause, what if three just blows right through? Wouldn't you have liked to have cut that 250 at 255? And that's what causes the big loss and let's say you would have got the win. So what were the situations there? You took this big loss or you got that 20 cents on half size, right? You made that 100 bucks on a 500 share position. But the other 500 was at three and now you have a 275 average and you cover 310 and you lost 500 bucks. So how does that work, right? That's what causes the big loss in the half. When you only have half wins and that big loss, I mean, it's just impossible to make money. So the change that needs to happen here is you guys need to be getting into full size more often. And so that's the problem. And so it might not be a short webinar maybe. Anyway, so first, before we get into how to get into full size, let's go over quickly how to not be in full size. Premature setups, premature setups, premature setups. Most of the times I see traders get to full size before their setup is complete and thus they're forced to stop out before their thesis is invalidated or at max pain or both, right? And so I don't know why that was animated. For some reason that was animated. I normally don't add animations. But anyway, so parabolic washouts, parabolic shorts and washout longs, don't be the fucking hero. These are not big, these are not full size fucking trades. All right, they're not full size trades. This is how you blow up accounts, right? When the parabolic doesn't end and you just gear and have, so don't, these are not full size. If you want to be full size on a parabolic, you ease into it and then once you think the tops and you slam it, risk the high. That's the only way to get into full size on a parabolic. But most of the time you don't get into full size. Most of the time you ease into the parabolic and it just falls drastically on you and you just be like, well fuck, you scrambled the cover. That's how parabolic's really work. Like for experienced traders alike, that's how parabolic work. You ease into the trade and it just normally, like if you get a chance to slam it, you do, but normally they just pull back so fast and you just fuck, let me cover. Like, and that's how that happens. So immediately at the deathline cross, you don't want to be just slamming it here. This is the like, wait for that to confirm. Give it five minutes. Like, if it's gonna put it this way, if you're gonna be right on a deathline setup, you're gonna be right. It's gonna keep going lower. There's no rush to get the full. Like make sure it breaks. Give it five minutes. Give it five, 10 minutes. Get in on, add it, ease in on pops. Get the full size on that. Like go slow with that one because you don't have to be fast. If it's gonna, if you're gonna be right, it's gonna fade. You don't, there's no rush because deathlines don't just drop, drop, drop. That's not the way deathlines go. They trickle. There's time, right? So because there is time, there's no need to be in full immediately. The only, like you're not getting any benefit for getting in a deathline. There's no benefit to getting in full size right away. There's really just risk. You're risking that it's, that it kind of just, it's testing more and pops back over. Now you're fine. Now you have the bottom average. So immediately on a deathline cross, that's not when to get full size. Near the top, near the bottom with tight risk. I normally don't like to do this. Like because you're just gonna get stopped out. You're gonna get stopped out way more times than it's gonna work. And you're gonna be emotional because there's a reason why because right at the tops and right at the bottoms, this is where the emotion is at the peak. The emotion is always at the peak at the very top and at the very bottom. This is where socks are very emotional. So it's right at the top. Dude, you think, you're just gonna risk the high day. You're gonna cover the high day. It's gonna pop over high day by three cents. Stop you out and then come back lower. God forbid you reshort it. Maybe it goes down or maybe it does that to you again. And then, or maybe it goes for a ride this time and you think it's gonna stuff and it doesn't. And then you're really fucked. So just don't try to be that guy who says, oh, I think this is the top full size. Tight risk though, tight risk though. Oh, shit, it got me out. Oh, shit, look, it tanked. No shit, you're just too big. You're trying to guess the top. Don't do that. Man, I'm gonna lose my voice today. On an initial chase entry, right? And so guys, I chase sometimes. I normally chase to add. Like normally the chase entries that you'll see on my charts, they're normally not random chases. They're normally over like a high, but still it's kind of chasey sometimes. It's normally not my first entry and if it is my first entry, it's not full. So going short or long, a chase entry can maybe get you to a full-size position like if you added to get to the full-size position but it should never stand alone be a full-size position ever. Just too much risk. And anyway, I've gone over easy risk before. I really should have done a webinar on easy risk in the first 60 episodes I did, but I've kind of talked about it in every single webinar almost about easy risk. So it's almost like it's been the invisible webinar but trades with hard risk where you can't really determine where the risk is. You don't wanna be full-size in them. If you can't figure out easily where the risk should be or it's kind of far away, it's not ideal, or it's just not easy to risk that level. That's not a full-size trade. Also when you're frustrated in a toxic mentality, these are not full-size. Anyway, so by comparison, these are setups I fell, that I fell deserve, that I feel deserve full-size entries. First is this in short, the whole point of this trade is to get in right there. Like you're shorting, assuming that it's gonna hold, you have a nice, you know where your risk is and you're expecting a pullback. That's a full-size trade. A first bounce, this is a full-size trade. I mean, you scale in, but you try to scale into a full-size vision. This is one of the rare times that I will. I have a caveat to this though. Scalps, you don't wanna be scaling into scalps, right? I mean, you wanna scalp, you hit it, right? You hit the scalp, you go for the scalp and it's normally one-to-one and you take it, right? Low-hanging fruits. You don't wanna be the guy, the person who just scales forever into low-hanging fruits. Pick a good line and just go with it. Like one or two entries maybe, but try to get the full on your low-hanging fruits, right? Like don't just try to scale to infinity because I promise you're gonna be the guy who all of your low-hanging fruit trades to get 100 shares because there's 20 levels and you tried to get them all. And anyway, so let me disclaim when I say full-size. When I say full-size for these setups, I mean full-size for how much you allot to these. Now, I'm gonna say these trades, I typically don't allot as much risk as I do other setups. Like a VWAP reclaim, I will allot more risk, right? A simple short, I will allot more risk. Trend breaks, I will allot more risk. Like a lot, like A-L-L-O-T, not like a lot of risk. But I'll budget more risk maybe, that's less confusing. But those will be bigger trades for me basically than these with the exception of the first bounce, right? So the first bounce is funny. So the easiest way I can say this is if I'm normally willing to go 120% of my size on the first bounce and that's because out of all of the scaling trades that I do where I might scale into a first bounce, if I am gonna scale into it, I have such confidence in the first bounce that I'm normally willing to go more size on it than normal. And so the first bounce almost becomes a full, like a bigger trade for me just because it's such a good and easy setup that I want to go as big as I feel comfortable with while scaling. Like normally I have a rule where I won't scale more than 50% as price is going against me. First bounce I'm willing to go 60 to 70%. And then I hope I can get an ad to get to 120 to 140 based on how much, how the stock lets me. So if an average setup for me is like if I'm gonna go with 1000 shares for example and that would mean that I can only scale 500, I'll probably scale like 600 to 750 on a first bounce and then look to add 600 to 750 once the bottom's in if it gives me that opportunity. That's just with the first bounce though, that's not like on a parabolic short, that's not on a washout, that's just on the first bounce because it's such a high probable setup. But that's about it. Normally these aren't my biggest trade is what I'm saying but I do have all the size that I have on them when I do take them. Like all the size I want, I get them. I don't just scale into infinity on these. And then accept whatever size I have. That's more of a parabolic short for me. Like I scale into parabolics, that's whatever size I get when it drops I'm gonna get. I don't want that kind of trading strategy to be all of my trading strategies. Like my trading execution strategy for every single trade or I'm never gonna get full size ever. And so when and how to get full size, so getting to full size is an arc, right? Like you have to manage flexibility and rigidity, that kind of mold that I like to talk about. Every trader in the world, I'm gonna say once they get to full size, every single trader in the whole fucking world, like you're willing to scale up to a thousand shares and you start at 100, 200. You got another 200, right, so whatever you have. 400, you got another 200, 600. And then you slam 400, thousand shares. You're ready for the trade to fucking work, like two minutes ago, right? The second a trader gets to full size, they get antsy. Every trader gets antsy. Like they want the trade to go, they want the trade to go right now, like hurry up, like they get jittery. This is, you're human. And so, knowing that, this is kind of like my secret here that I employ, right? And I use the term secret, like I don't like the whole marketing shit, but this is my secret. I don't like to get into full size until I see where I would have stopped out if I wasn't patient. So I like to just watch a stock as it's going and I might scale into it a little bit. I might have a small position on, or like, like for me, no more than half. I might have a position on. There's no way in hell that I'm getting into the full until I see where I would have stopped out if I was in full size. So for example, like works. I'm just willing to bet a lot of traders stopped out here. This is a situation where I might not have stopped out. If you don't stop out, like if you're like, if you shorted here in the 50s and 60s on like no more than half size, then this can pop up here to 260. You can be fine. You can be like, oh, I know, like if you're the trader that's like, oh, I know this could stop out anyway, then that if you ever had that thought, like I know it could stuff here, but I have to stop out anyway. Those words, I have to stop out anyway. That means that you're probably in full size prematurely. That means that there is a supply and demand battle that a supply and demand battle is obvious here. And you can't withstand the loss if you're gonna lose because you're in too big. And so waiting for your stop level to be tested first, cause normally this test will be on big emotion. You don't, you want to be in an emotionless state and the only way you can do that is without the size and wait for the big supply and demand battle that's obviously gonna occur at this stop out level. Wait for that battle to happen. Wait for the victor to be decided. And let me tell you something about obvious stop loss levels. A lot of stop loss levels, even the ones I like to use are obvious, but that doesn't mean that they're necessarily the wrong stop out levels to use. I might want to have a stop at high of day and the high of day stop is a good stop for me to have. Is it obvious? Of course it is. Of course it's obvious, right? That's, I still want to stop out there if we break. And what I mean by that is if the supply and demand battle that's going to happen at high of day, if I'm short and the buyers win, I want to be cutting it. It's a good stop. Like if the longs, if the longs win that battle, that's, I want to stop out there as a short, right? But it might be necessary for me to sit through that battle and take advantage if the shorts win that battle. If the short, if my team wins that battle and once that battle occurs and a victor is decided, once you wait, if you can wait until you see this move first, that's what's called confirmation. And now you can add to a full size position, risking over that wherever the battle was won or lost and be confident that if that level reclaims, that you're done, that the trades over and it becomes what I call easy risk. And that's why I only like going in full size on trades that have easy risk. And the best way is to identify where the supply and demand, the crucial, let me tell you something guys, here's another secret. The crucial supply and demand battle that you're basing your stop off of is going to happen. It's going to happen. Don't be like, well, this is my stop. I hope it never gets tested. That's gonna get tested. Every time he plays a stop, assume it's gonna get tested. Assume it's gonna go get tested. Don't ever place a stop and be like, I hope it never goes and touches it. Don't ever be that guy. It's gonna go there. So just don't get in full size before it gets tested. Like that's the secret is wait for a stop level that you want to use. Wait for that stop level to get tested and then you can slam it with size once you think your team won, right? You were the bottom cover on three stop losses like three, then bounce. That's unfortunate. But I mean, that's because there's a battle going on. And the frustrating thing is that you were right. But you couldn't sit through the battle because you were in too big, right? But that doesn't mean that you shouldn't not get in once you get your confirmation, right? And so this comes down to size management. I normally like to be in half, half in before. Just in case the battle doesn't happen, obviously then it can still be a decent size win on half can be a happy. But another reason is it's always easier to add in half like add half and double the size or in two quarters like to be in 500 shares and hit 250 and then 250 again, right? Like that's easy. It's easy to get in that way. It's easy, you know, it's just easier. It's really hard to be in 250 and then slam 750. You know what I mean? That's kind of hard. So that's like the secret that I use when it comes to getting into full size. And this is an example, it works, right? You just wait for this and then you can hit it. It doesn't even matter how fucking low you hit it. Like if you shorted half up here, right? Sat through the stuff and you've shorted it 240. Dude, you got a 245 average, bro, and it's a 230. You're cruising, you're in the driver's seat. You know, you have your risk under control. You can risk 10 cents. You have a full size position and you're ready to go. Right? But there's so many ways to fuck up this trade. You go in full size and cover here. You know, you go in 200 shares and now you're too scared to short 800 down here because now your average is gonna be like 237. Yeah, that's the way to fuck it up is not being in big enough before. You know, like there's a lot of ways to fuck it up or mentally psych yourself out or be like, oh, I think D-Wop's gonna hold, like when it just stuff like that. But you know, like that's why it's good to, you know, like not be in full size. There's a method like wait for your stop level to be tested, be in some already to kind of have a feel and then slam on the confirmation. If you're using hard stops, would you say 50% or below size is gonna have a hard stop farther? Yes, right, hard or mental, really. It's like basically you're in smaller, you can give it the, here's, Bowell likes to say small size, wide risk or oh, I like to say it too. You go, if you go big size, you have tight risk. If you go small size, you can widen your risk and you can be more patient, right? I like to be in a size that's just patient enough for me to sit through the critical battle I feel I need to sit through. That's the line I want to walk, right? I wanna walk to where I can lose the battle and it won't be a devastating loss, whatever size it has to be, half size, 30%, whatever it is. Or depending on like where the battle is from where my average is too, that obviously plays a role. But like wherever the crucial battle I think needs to happen, I want to be in a small enough percentage size of my position to where I can just barely can sit through the battle that I think I'm gonna win. But if it doesn't win, then I'm fine, it's okay loss. But if I, so that way it's easy for me to slam once I do win and if the battle doesn't happen, it's still like I was on the brink of still a big enough position to make a decent profit. Whenever in person meet a path, I guess Austin's is a pain for drinks. Oh, how come? I mean, I don't, yeah, I'm a shelter. Yeah, I'm a cheap date, dude. But anyway, so I think I wanted to go over 245. I wanted to go over CGIX, something like this, right? So when I talk about size management, it's key here, this is the slide I wanted to go over. So this is a good example, right? 409, where are we right here? We're right here, right? We're right here, like this is 10, this is 10, 1030, right? So this is 1010, 1020, no, 1030, 1015, I know, 510. We are right here, right? So we're just pulling in, we're just pulling in here. Oh, no, we're right here, 1030, 1510, this big green volume spike. Okay, we're on this big green volume spike. So this is a good example right here of how you can use restroom management. If I was short CGIX, I would be covering dips on nine in case it holds, right? And I talked about CGIX before on how I think it's a short, but if you're overview off, you shouldn't have size, right? Because there's too many battles that you have to sit through before you're confirmed correct, right? You don't know who's gonna win those battles, but right here when it's spiking up, I said if I was short, I would be covering the dip to nine, right? This dip to nine in case nine held. Because then if it decided to break nine and just tank nine and go to like 850 or VWOP, guess what? If it breaks nine, I can put shorts back on to nine. Like if I were to cover 905 and it popped back up and like if I covered half, let's say I covered half, I covered half at nine up five and then it tanks and I get a short at 895. How much of average did I lose, right? What am I trading here? I lost, some of you might say I lost 10 cents of average. I didn't, I lost five cents of average because I did it with half, right? I covered half and then it tanked and then it popped back and I put half back on. So it's 10 cents total, 905 to 895, but it's on half size. So I only sacrificed five cents of average. I'm sacrificing five cents of average to take half of my risk off the table in case nine holds when we're above VWOP and uptrending. That is a trade-off. I will trade five cents of my average to reduce half of my risk when I'm above VWOP on a grinding stock like this, any day of the week. That is a trade that you should take every single day of the week. That is a trade-off, like you want this or that, right? Like the blue pill or the red pill. That's the pill I'm taking every time I'm sacrificing five cents of average because if you're wrong, you can probably get the pop back up, right? That's a trade-off I'm going to accept. And look, it did hold and guess what? What if, and if you didn't, like are you covering up here? And so here's the thing, guys. You might say like, look, 1025, look, I wouldn't have covered it. It didn't write pre-market hype. Let me tell you why the emotions get heightened here. Like we don't think about it outside of the moment. This is why weekend trading is so much easier to in the moment trading. In the moment, or when we're looking at this chart, we say, oh, look, 1025, I can hold through that. No, but when the stock is up here, the bid is at 1024 and the ask is threatening 1050, 1060, right? That's what's going on at high a day. Like you're not emotional because you're like, oh, I might have to stop out here at 1030. No, the fear is that it's going to rip 1030. You're not covering till 1055. So you're like, you're throwing on an extra 30 cents of risk there. Like that's the fear that's in your mind. People, we don't like to think about the fact that part of the fear comes from the ask, the threatening ask when you're short up there. And so the thing is that's why you cover here because you can mitigate your risk. And now you can sit through. Now when you covered half, guess what? You can sit through that 1025 test, that threat of 1050, you can accept it, right? And then when it rejects and breaks 950 again, look, you could put your short back, if you covered half at 905 and shorted it 905, that's a complete wash. That's a wash. That means that you didn't cover it at all. You didn't lose any average, right? If you cover it at 905 and eventually be shorted at 905, that's the exact same trade, but guess what? You avoided all of this risk. And God forbid it broke, you avoided all of that on half the size. So yeah, and that's where I went over there. How would I modify it? Up sizing and down sizing? You just have to, you just have to not, so this was if you were already in full size. The way you modify that is you just don't get the full size until you get this kind of move. That's what you do. You just don't get the full. That was, this was under the impression that you were already full, which you shouldn't have been. But if you did, I would have covered it and then reshortered it. But the way you fix it, if you're not, if you're not, if you're under PDT, you just don't get the full, you don't make that first mistake in the first place. You just don't get the full until this kind of move happens. Anyway, so my voice is shot, guys. I think that's all I got. My voice is so shot. It wasn't that short of a moment. I thought it would be short because I didn't really have any trades, but it wasn't. Well, thanks, guys. Right on, guys. All right, man. There is no cities where I live. I'm on Maui. Well, thanks, guys. All right, let's do this here. Right on.