 What's up traders? This is Tosh. I go by T Bradley 90 in the mind best and club chat today We have a very special and new video for you guys one of our head moderators in MIC Austin who goes by a loha trader in chat who is both long and short biased has started a weekly Thursday two-hour Q&A webinar for members He talks about MIC strategies and also takes members questions live While this is just a sample of the entire two-hour webinar If you want to see the full-length version or any of our exclusive content then become an exclusive MIC member Alex did a good job of Reorganizing the video website and the MIC strategies that are the ones that I want to go over in this webinar So what we're gonna do is I'm gonna go over important trades I made recapped or not and every week I'm gonna be doing this like there's gonna be different segments of this webinar like some of the segments might like Important trades is gonna be a segment market sentiment is gonna be a segment key topics is gonna be a segment We're gonna have a watchlist segment segment. You know, I might have like a One-on-one invitation in the future where I invite members on Where like we talk about their trades that might be a segment. So there's gonna be different segments week to week So hoping that we can get Hoping that we can switch it up every single week and go over different facets of trading There might be a psychology segment one week. So and then we're always gonna end with the question and answer segment What this is all about? bow was long this bow was long biased on this pre-market and so was I and What was what was really? The the conflict here was that we know it's a pig We know it's a piggy company, but because the it's got that beyond that beyond IPO sympathy to it It had that that kind of hype factor for that sympathy momentum that we always see in the market another report trade This one was today Workout work horse work out work horse. Yeah, and so this was a really conflicting trade where Because there was two things weighing on my mind the move is too big You know, we had it got up to five pre-market, right? Like the move was definitely too big for For a float this size, I think the float was like 40 or 50 million right like this was a this was a massive float and it was What I consider to be unsustainable for The float meaning like if something was up that much like when we're up from like one I'm thinking that we're immediately gonna sell right out of the gate like because it there's just gonna be an overwhelming flood of supply So yeah market sentiment. I just wanted to kind of go over. I want to do this week to week We're just coming off of earning season And for those who don't know earning season happens four times a year It happens in April. I think April July April July October and January and this is because It's quarterly right quarterly earnings and January January February March Normally they come out a month later in in April and then you know like April May June and then the next month is July. So that's why you get them. They typically last about four weeks and so we're coming off of the earning season so This is kind of explains why it's been really dead lately and you know, if you guys have been Avoiding the boredom trades really good job everybody because it's been really tough Like I've I've actually not been doing the greatest. I've been trading you BXY but I'll be trading it really small and experiment is my excuse Hey bow bow Joendon What's about everybody see bow What's up, buddy? Cool so Where are we at here? Oh, this is the thanks guys So one of my weaknesses I say I enter a trade to long at 210 with a 250 goal in mind and the stock Will range break through 220 from From 210 to 230 then it starts testing The previous resistance now support at say 220 and I sometimes let it go at 220 and it runs to 240 Stop 250 well immediately before I even finish. I I feel like that's you changing your risk Because without a valid reason to right like that this comes down to the thesis part You got to have a reason why you're in why did you long at 210? Was there some reason that the support was holding? Figure out where your thesis is however other times I hold for the exact goal and the 220 cracks and then say it goes to two and I'm out now because that was my previous risk I go from a green plus 20 to a minus 10 and this happens often. How would I approach so? This is probably an example of why did you get in right there at 210? There's probably a reason why you got in at 210 right and that reason is probably because There you thought that it was gonna go up right away, right? You thought it was gonna go up right away and so you were right, right? You got you got You were rewarded, but you didn't take that you didn't take the profit on your reward right there Sometimes when you enter there's two reasons to enter right and that means that you didn't you're not paying yourself for being right Part of the time and you got to pay yourself when you're right on half of the trade, right? with the 250 is the the the goal in mind, but like what you said but like To move your your risk back up to 220 you have to realize that stocks like to play right stocks like to Test right like they want to test that to 20 level like they want to go over and under and make sure that like there's enough Bitters like people want to wait because a lot of people don't want to chase I want to make sure that higher lows are gonna happen before they get in So that's why you see a lot of over and under stuff at at like these levels that you're important That you deem important because most people deem important because support resistance is kind of that self-fulfilling prophecy So you want to kind of like this is where like I think your patience might need to Increase a little bit. You need to stick to your stick to your trade stick to your process because There's nothing work. There's nothing there's nothing worse than getting out of a winning trade when you were right all along It's gonna it's gonna destroy your mental capital You're gonna go into the next trade and you're gonna try and like like I talked about at the beginning of the video You're going to try and fix so that that doesn't happen next trade and what you're doing is you you're essentially Fixing something that's not broken right and that's that's a problem. That's gonna eat at your mental capital So yeah, and so that's why I say make small changes right take some off for the profit right there You know take some of that profit off up there when you're immediately right Don't don't like just change completely and say well It didn't work this time I got a change and take all of it off here or not stop out here or yes stuff change my software No change my stop you want to You want to stick to that process stick to that risk, but what you can do Now what I what I don't want to give you the message of is if you are feeling uneasy about a trade like I only so I only Deviate from my plan if one thing happens if significant information that I did not expect happen So this is a trading rule that I have it's I do not deviate from my plan unless Significant new information arises now this can be news pops up or I see something unexpected in Price action the second I see something unexpected like a huge volume count a lot of nowhere I know that like there's something in the trade that I don't know right There's something in the trade that that I did not foresee Something is going on that I'm not sure that's the only time where I'm willing to like move my risk or change something or get out because There's something that I didn't foresee So I hope that answers your question Eat Baca What are you looking for in filings so oh Great great Scott. Um, so what I'm looking for in filings is kind of what everyone else is looking for I'm just looking for I if so I want to know if I haven't seen the company I'm typically I typically have every company's a pig and Until proven otherwise for the small caps and like if or the rule is if it's a pig before it's 100% likely still a pig now. So like if I'm training SAEX like I know the story there, right? But what I'm looking for is 425 I'm looking for shelves One thing I really like to do is take a look at I'm operating cash flow that really helps me to know If if they're making money or not, right? That's one of the key metrics I like to look at is the operating cash flow because this tells me if their business is actually making money And this kind of gives me the piggy level indicator if they're if they're operating cash is negative That means that they can't sustain themselves through Operating and that they have to use financing So this is kind of my piggy indicator is the operating cash So in a diff in addition to looking at cash balance and seeing if they need cash And if it coincides with the story of there being a raise, right? Sorry, they're being a shelf in there and that a raise can be there like that might give me some kind of indication to like this It might and it doesn't mean that I still might not long the stock But it you know like if because I'm a momentum buyer if I see momentum gonna buy it But it might make me more conservative on myself, right? That's what that's what it might change It might change the the way I the way I trade it Maybe I'm more conservative with my entries too Maybe I don't go and buy that break because I'm afraid it's gonna stuff into dilution right or I might not long it at all So that those are the main things I'm looking for I'm looking for cash on hand I'm looking to see if it's a piggy. I'm looking to see you know, hi, that's always good I want to see if they've been profitable before or if they've just continually been not profitable I want to see dilute at the markets are good shelves are good for shorts For shorts and for confirming a piggy and operating cash flow Yeah, every time I talk to He's on the bar doing his thing. No Thanks, Austin. Well, thank you No, thanks, Alex Under what circumstances Under what circumstances use market orders to get in and out of trade, I don't think I've ever used a market order in my life Um, I I think yeah, I do have a panic button and it is an ARCA market and I think the only circumstances I would ever do like as if I Need to get out all of my positions and it's I need to get out all of my positions right away Like I think like I'm gonna lose power or something like that's about the only time I don't use market orders at all. I'm never and I'm never really worried about like not getting the fill because Where you can all like if you put a limit order Depending on how thin the stock is I guess but for most stocks like if you put a limit order five cents above the price You're probably gonna get out all of your position. That's you're trading like 20,000 shares or something like that, you know And it's a thin stock, but you can always like I much prefer to not give them a blank check Because like you can totally like I have that fear of like I don't know I can only assume but like I have that fear that you're gonna just They're just gonna see that market order and you're just gonna get a shitty fill when you know They're the market makers are they're in the business of making money So they want to take the best offer in the best bid so if the ask is at $2 and you put an order at 205 They're you know, they're gonna take it right like you're probably gonna get out no more You're probably gonna get out so I Much prefer using out of them or out of the market or in them in the market limit orders If that's the right way to say that Joe Kelly's lap is exactly what I'm talking as yeah, exactly To the T. I actually watched it today Yes Yeah, great info. Thank you. Thank you. Cool. Thanks marketable. Yeah, basically I mean if you if you put a limit order way above the price you're gonna get filled like So well, hey, it's only been an hour and 20 I talked to really really fast There are any more questions like anything else we want to go over I Was totally talking the fast. I actually drank coffee before this. Oh Man revenge of the Sith Revenge of the Sith man because of that because of the Anakin and Obi-Wan fight Definitely, dude, definitely slow down next time. Yeah, but I see I don't really hate Jar Jar Banks Like I'm not like he I know he was caught comedic relief But at least they made him play a role like he was the reason why palpates, you know He his foolishness is what put Palpatine in power. So at least he had a story arc Yeah, that was really fast I You know make a bigger make a bigger PowerPoint next time But I just the first one I just wanted to go over the classics So as a long-biased trader, can you briefly describe the process as far as getting locates for shorts? Like what do you have to say? What do you have to say to say I need locates to short today? So um, I Have a rule of thumb where I Don't like to locate unless I'm willing to put a starter position on at the time now This is for B setups only like if it's a B setup I'm only willing to locate if I'm if the price currently right now I'm willing to put at least up my foot in the water at least get my toes wet, right now If it's a potential even if it's a potential ASAP if it's a potential ASAP I'm locating pre-market at the whenever I can because you have to you definitely have to because it's Um It's an a setup it's gonna like even if you don't use it three times You know, you don't get the opportunity to look at three times that four times kind of pay for it if it's an a setup You meant see did I answer that wrong so as long as as a long bias trader Can you briefly describe the process as far as getting locates for shorts? So yeah, even though I'm a long bias. I still get shorts every single day Oh, actually no not anymore almost every like today. I located um Workhorse I guess but I did short it What do you have to see? To say I need love. Yeah, that's it What would be your best advice to a new trader to become consistently profitable less is more bro Less is more you do not need to trade every single day. In fact, like I hate the PDT It's so un-American and it's such bullshit like I Think like I just don't think anyone should have the the rule No one should have the authority to tell you that but um, you know, like I guess the ins and out the sky if it's scalable I think it would kind of fit but um Less is like you only need three trades a week like two trades. Sometimes I sometimes like I've had profitable weeks Where I only trade two times a week and unprofitable weeks right trade every day, right more trading doesn't mean more profits Um, yeah, so it's literally just honing on that hone in on the On on just one thing that you're good at or two things that you're good at and just if you don't trade for a week That's okay. Like it's better than like a zero days better than a red day PDT sucks, but I bet it really but I bet it saves a lot of people. Yeah Yep True that For a first for a first bounce once the price has spiked Created friends and then spiked more. Are you immediately putting your scale in buy orders and Scale in buy orders and stop limit risk and profits So ideally if it's created friends and spiked okay So yeah, so once it's created a friend and it keeps spiking and so I know where I want to put the order Is that that's what you're saying and am I immediately putting the orders in? No, and let me tell you why because what if it like keeps going up higher than I think You know what I'm saying? What if it keeps going up higher than I think like I kind of want to see the top kind of happen first because the Orders might not even be relevant Like what if it just goes way past the friends, you know, I'm saying and and then to be like sometimes I could be a true parabolic where the the first bounce is gonna be where the friends isn't even at right? so but most of the time that's going to be so I just wait because Normally you're on the front side like what if what if you put the orders in and like news comes out like an offering or something like And then you get filled or something. I don't know like I Typically just wait until it's starting to tank because I want to see how it rejects What if it stuffs on like what if it stuffs on like a million share volume candle? I might not want to buy that first bounce, right? I might not want to buy that first bounce if it's stuff on like a million share volume candle might just say You know, this is the first bounce that I'm skipping so I won't do that I typically wait to see how the top formed. Who's my favorite game of Thrones character? For multiple for more reasons than one are yeah Yeah Team Johnson. Yeah, he totally deserves a throne dude in my opinion. Oh, man Good questions guys. Good good good stuff Yeah, man. Hey, good luck guys Thanks, Sam No silly questions unless it's Googleable. I know this might be a silly question But a more profitable longing or shorting Gosh, you know, that's a tough one dude. I haven't tracked in a while, but like um, I think still um It's probably about 50-50 now. I Honestly, I have to do the math because I don't know shorting overall because I definitely lost a lot while trying to learn How to long near near late 2018 so overall shorting Definitely overall shorting, but I have high hopes for longs in the future Yeah, guys. Well, thanks. I mean 30 minutes early, but like I said, I talked kind of fast For sure guys. Um, and let and please guys give me feedback. Let me know Let me know like what I can do to Something else if you guys have an idea of something else that I can do or do something better or or So may please let me know like just send me p.m. Is Um, and and I'll take it to heart We're gonna like I said, like I'm gonna have different kind of segments of the show kind of like how Like I guess the Jimmy Fallon show he has like different segments I guess it's kind of how this webinar is going to be so hopefully like I don't maybe we'll do us Something about psychology and in the PowerPoint next week Hey traders, this is Tosh I go by T Bradley 90 in the my investing club chat Just wanted to reach out and say if you have any questions about M. I see joining M. I see maybe you're a member already You have three ways to contact myself personally and through M. I see you can hit our social media You can hit me through pms in chat or you can contact us through my email at Tosh at my investing club calm That's TOSH at my investing club calm I will get back to you in a timely manner And I'm saying this because I'm here to help and I don't want anybody to be afraid to reach out and ask any question That they have we are here for you guys. All right. See you guys