 One of the most common questions I get asked is, you know, how do I start day trading? So what me and my mentor about it for our viewers on YouTube is create a free mentorship course that reveals our 12 secrets that every single brand new day trader should know before they get started. But please take note that there is limited seating every single week. So please reserve your spot at myinvestingclub.co. Link is in the description. All right, enjoy the video guys. Alrighty, yeah. So today I wanna talk about some trading and this is the one that I wanted to do, like I actually wanted to do this one like at least four or five weeks ago, but like one kept getting in the way and like I was gonna do this one last week. And then like, you know, kind of like the market kind of changed a little bit and like we got those runners back and I was like, okay, it's kind of probably pertinent to do this one. But this one is the one I wanted to do last week because it was probably a very common if like some of you guys are falling into slumps, like especially in that slow shitty September where it's literally just really hard to get any kind of trade on. Any kind of good trade on and it's easy to make mistakes. So I really wanted to, I felt like a lot of people were probably approaching or in this kind of slump mentality of trading. And if not, you guys have all been there before and maybe some of you are in there now. I'm sure like, you know, it's probably a pretty good bet if I pick a topic on slump trading and it'll apply to at least some of you guys really help understand this one is the Bad Habits webinar and the Emotions webinar. Thanks, Kilo, always come in and clutch. Yeah, these two controlling emotions and how to fix bad habits. These should definitely help in preparation for this webinar. And this is the Q&A webinar, which means if at any time go ahead, feel free to ask a question. If it's pertinent to what I'm talking about, I'll try to answer it as I'm talking. If not, I'll try to finish what I'm talking about and then get to the question. And fear not, if you can just keep reposting the questions, no one will get mad and it'll help me. Because I glance over, sometimes I miss them, but at the end we'll have a portion for Q&A time if there's any questions that I missed. So without further ado, yep, time to start. The fire still burns. We're still in the longs market. I do think that what I said last week continues. It's still not that strong of a buyer's market. It's a buyer's market, but it's a weaker buyer's market. We've definitely had a lot crazier buyer's market where stocks just continue to run all day where stocks just go extreme or the sympathy runners don't just die off and it's a huge sector move. The problem with this one, I think, is that the main runner was SPI and that was kind of like an energy company. And that's why I was really kind of hoping that the car sector would go again because I think it was like, SPI ran on like an energy deal with, you know, like cars, I believe, right? And that's why originally I thought it was gonna be like FUV and those car stocks that were gonna kind of be the sector that ran again. I was kind of hoping that because energy is a really played out sector. It's like a macro sector, which means it's gonna come and it's gonna go, but it's never gonna be super strong. It's kind of like China. There's gonna be spurts of China sector and there's gonna be spurts of energy sector. It's too macro of a sector to be super like, everyone's super like excited and hype, like shippers were at one time or like, like Bitcoin was like, it's not that niche of a sector. Like energy, it's gonna come, it's gonna go. It's always gonna have a long lasting, it's gonna be like a long lasting forever sector that kind of gets hot and not, but it's never gonna be that one that, that super, super like that sector that goes on for weeks and weeks. Like we've all gotten caught in like news spikes and that really sucks. Like, you know, if you're not expecting news to come out and like you're kind of just up here and you might have a line, you know, you might have a line at like 250, right? Like a fantasy order out and the news comes out and gets you, that happens. And that's, you know, like that's just bad luck. I'm just, you know, that's just bad luck. You do have to be aware. Like, you know, you can't ever, you can't blame anything on the stock market. Like you always like, if you have an order out, you need to be ready to cut it if something like this happens. Like these are all lessons that we learn. You know, like you, we all learn this lesson. Like you, you know, like if you have orders out, be watching them, you know, like be careful. Like you could get PR. It's unlucky, but I mean, it's part of the game. And you kind of learn to be a little bit more careful with it. It's just, it's a bump in the road that you have to go through. But here, this is essentially a simpler short. This kind of stuff, this was a nice stuff here, right? This 240 stuff. Like if I was short, I would have cut it here. Like if I was short, I would have, I probably would have cut it here because this looked like it was going to break 250. So like when this happened, like I kind of just waited for that stuff to happen. And normally like I'll wait for the stuff and then short the pop. I waited, like I waited for the stuff and the price was good enough. The price was good enough for me to just take it there. So I did. I was already at a good price. I liked the risk for reward and I liked the probability after that cover stuff. And I remember I was on the phone with my tab on this one and I was like, like, I think we both took this short. He covered, he was of course more patient than me, but so is everybody. Like I think he eventually got sub two covers. But I remember saying something like, I remember saying that out loud, I remember saying, like I'm covering this VWAP pull and I'm like, and I'm out, I'm covering the VWAP pull and I'm out. And we'll go over how important that is to do for yourself. Like, especially when you're getting your footing in trading, like you'll learn how important this is. But like, I remember when this happened, it's like, hey, I'm shorting here right at the high. I know I'm on the front side. I even said out loud, I'm covering the full the VWAP. That's what I'm doing. Hey guys, my name is Tosh Bradley and one of the head mentors of my investing club. If you have any questions about getting started in trading, getting started in the MIC, MIC in general, text me at 213-458-5997. This is not a robot. It is me directly on the other end of my business line and we'll get you in the club. We also have special promotions going on that I can get to you depending on your trading needs. Hit me up. Back to the video. And so I tried, you know, again, a chat room fucking ruined this shit for me. I know, I know if I can a chat room ruined this shit for me. I saw this at like the second, like I bought here over this high. The reason why I got in the cell is like, like this was a sad face trade. Like after this, I was like kind of, you know what I mean? Like I was pretty upset. Not upset, but like just bummed. Right? Like I'm always bummed when I take a VWAP or a country that doesn't work. But like, I mean, I mean this one, I'm bummed because this one had potential, right? Like you're looking at this, it breaks 950. It's pretty thin. You see 10 in pre-market high kind of right there. Those are some solid dominoes guys. Like a $10 whole level pre-market high, breaking over high a day. You know, you're long, you're in the green. I mean, it feels good. And you got a solid reward set, right? That's what I saw on the reward side. Right? And then the second I kind of stalled at like 975, I was like, oh, really? It couldn't even get to 10. And that's kind of when, that's kind of when reality sets in. And you can't be stubborn about that kind of thing. Right? Like I'm not, I've been, I learned the hard way about being stubborn with that. Oh, let me just wait and see. This kind of setup, this kind of entry you can't possibly have the patience. And Harry talked about that today, right? Like, like Harry and I kind of trade differently. I'm like, he'll get a lot better entries than me. But I'll get more of that kind of, I'm gonna say like, like efficient, like if it's gonna work, it's gonna work right now kind of entry, but I always have a higher entry, right? Like I don't do that dip buy very much. I'm much more of a strength buyer. So yeah, SLDB today. I mean, I basically got the dipping rip. I actually shorted this one too. Like you see, like I got a quick short and a quick cover. I lost like five cents there. But like, I mean, this was a different rip, right? Just kind of dipped, consolidated. This crack of five, I thought it was over. So I put a quick short on, it held and trapped and I knew, right? Like that, that's the moment. And so I actually tried to buy five, 10 and it skipped on me. So I was like, five, 20, shit. And so like I'm buying here, like I'm happy with basically anything below five, 40 at this point, like cause now I feel comfortable risking this five after this kind of stuff and hold right here. So I'm basically just trying to get filled up here. And like I buy up here and like, I even buy a third one at five, 16, that's probably getting a little bit aggressive, but I was really going for that squeeze move on over five, 80. And so I ended up selling like half kind of right away just in kind of in defense, just in case it wanted to stuff. And then like it kind of held for a second or two. I put it back on and I added more. I'm really going for that high day break. And I get really bummed, but it was half expected that it kind of held six. And I talked about that before, like we're going to see if the supply comes in with six, we're not with six, but we're going to see if the supply comes in on this larger float because it does have a larger than average, it had like a 15 to 25. I don't know exactly which one was right, but it was around there. That's kind of how it was trading. That's a slightly larger than average small cap runner float, which means it's going to need significantly more volume in order to hold it, right? Because that's a lot more capital, right? So to hold the percentage gain. How do you get this up? And what are you doing wrong, right? So in that sense, I said this before, and I'll say it again, trading is very streaky in nature, right? Just as it is on its face, trading is very streaky. It's very common to be doing really well. Have a few misses, a few dings along the way. And then all of a sudden you can't place a green trade to save your entire life, right? It's very common to do that, to go from doing so well to just like, what in the fuck happened, right? Like, literally I can't, like it doesn't matter what I do. Like the second I hit this button, loss, loss. Like it doesn't even matter at all. Like you just keep fucking losing. Like it's like, you almost feel like the market's fucking against you. It's just like, why am I even gonna play? Like here, like, like I even had jokes with my tabs about like, like, oh, here, don't worry. Like, are you short? Let me help you. Let me just buy it, right? Like, you know, you just kind of get that jokes, you know, that funny, and like that's a skill. So to be able to laugh about stuff like that, that kind of helps keep your mind on track. You have to just ask yourself this secondary question. If you would take the trades again, here's your last ace in the hole. If you would take the trade again, you really have to make sure like, like double check it with your setup book and be like, we're all the ducks in line, right? And this is this next thing, right? If you can say you would take the trade again, make sure you didn't miss one thing, right? Make sure that like, and you probably did, determine if there was something wrong with the trade. You know, maybe you overlooked the float. Like, if you bought, if you bought SLDB today, and you're like, oh, I forgot, this one had like a 20 million share float. It wasn't the three million low float. Of course this one stuffed and didn't run, right? Or like, it's, you know, we're in a seller's market. Of course that one stuffed or I longed it, but dude, there were no borrows. I forgot, there were no borrows, right? Hopefully that kind of stuff. And if you can find, basically if you can find stuff wrong with their trading, you can kind of pull yourself out of that slump, right? You can pull yourself out of that slump before you fall deeper. Take breaks either in the middle of the day, like, you know, just like take leave, right? Take a day off or two if you need, right? Like, it's always better to take a day off on like Friday and Monday and come back Tuesday. That's a solid, that's a solid, like if you're feeling stressed, take Friday off and take Monday off and then you can kind of have like a four-day week and you're only missing two days, right? You're only missing two days of trading. So that's just a strategic time to take the breaks. You know, take a day off or two. It's better than forcing. Coming back and seeing that you miss a setup, that's gonna happen if you take days off. But it's still way better than delving yourself deeper down the hole where you were probably have fucked up the trade anyway. Like, let's just be honest. You know, like when you're in that unhealthy, when you're verging on, when you're verging on that sometimes just taking the break and just taking the day off really just like resets it and like just, you know, you look at the trade and you look at the trade that you miss and you're gonna say, oh, like, look, I missed a setup because all I had to do was that. Sometimes it can even help when you see a trade you missed. I, you started off really good, like with the covers early. You just, I think you need to continue down a little bit. But nice back here, right? Yeah, backside so much easier, right? Jesus. But yeah, and like, I mean, the rule of things, you know, kind of, you know, this was kind of like over VWOP reclaiming kind of stuff. These shouldn't be huge size trades really up here. These can't be big size, right? These can't be ouch that hurt my account kind of size trades. That should be the rule that saves you. So even if that kind of, even if something like this happens, it's not so bad. Whereas these ones and these ones can be bigger because you have less risk. These ones like can't be ouch that hurt size. Whiskey withdrawal. Yeah, and see, yeah, and that's what I talk about. Like if you're only small size, that's no excuse for not cutting, right? That being in small and having room to add is you don't have to add to them, right? I'm gonna cut the stream off just to make sure that it saves the recording. Thank you so much for watching our video. If you wanna see more of our videos, please subscribe to our YouTube channel by clicking the button here. We do our best to post a new video every single day. If you have any questions about MIC or any general trading questions, please text Tosh using the number here. Also stay up to date by watching some of our most recent videos right over here.