 What's up everyone. This is weekend mentoring for June 18th, my birthday. So yeah, let's get right into it. Just to start I always kind of go over this for all the new members. We want to see the full chart if your idea is off. You know pre market line don't show us right after the open. We want to see the pre market data we want to see the whole day. We want to see the chart kind of zoomed out not completely zoomed in but not zoomed out so far that you can't see the executions, you got to just make sure that it's not too zoomed out not too zoomed in. Not too blurry show us the price on the side, not too cropped we're looking for the bigger picture, you know what your trade idea was based off of we want to be able to see that resistance line we want to be able to see that idea. Show the volume on the bottom please please show the timeline on the bottom. Obviously, losing charts there's always going to be a lesson there, in my opinion better than winning charts because there's usually a lesson, or something to learn from. But if you want to submit winning charts that's okay too. And yeah, so we want to see the lines that you're using and that's it. Perfect. But we're going to start off with a long since it's my birthday. And this is kind of what I see on this one this one's kind of pretty easy to go over first of all, I mean, here's what I'm thinking, you know when I'm when I'm looking at this chart right. We're seeing kind of the pre market it's dead it's not a hot chick we're not really doing much volume. It's not really what I'd be kind of looking for, as far as you know, as far as along to me there's just not really much going on. So, I would avoid this chart for long. You know, just when I'm kind of looking at it to me it looks like we're not really doing much volume down at the bottom it's under 100k. I know sometimes bounces will get supported like he's like, you know, Sega Sega held nicely on the daily looking for bounces but to me this is just dead we're not really doing much volume. Looks like some large cells kind of came in at the open. Yeah, it just not really for me top is set in the chart. I would avoid this again look VWAP is way up here. We can't even push past the pre market VWAP looks to me more like low hanging fruit. Yes, you may get a multi day runner but right now to me multi day runners are not the good pattern right to me what's been working has been day one hot chick. There might be like an AREC or something that pops up after zombie that starts to do like, you know, good enough volume to start moving higher but here, obviously near zombie time. I mean, we're 1030 we're not really doing that much volume top is already set there anyone who short this is not going to be covering here. Right so it's just to me, no trade avoid the stock avoid the ticker. You're not good at day one tickers and you're not consistent at day one tickers the low volume low hanging fruit is not going to be where you're going to be successful. Yeah, I mean, I'm not a good long batch trader but it's like I always going to follow one thing. You know, and it's, it helps me a lot when it comes to shorting or like long and stuff right. I mean, to me this is like top is set kind of chart, you know looks like broken, and you can tell the, the, the trend here is right. It's going down. If you want to long something you want to see the stock grinds like this. Okay, whatever. It's like, you can clearly tell he is down his up right you know follow that trend and it's like it's going to help you much more than trying to guess yourself you know if that's a good long set up or not you know this is, you know, pretty clear to me that's a short. Okay, it's like, I mean, I wouldn't short it, but I definitely wouldn't long this kind of stuff. So, you know, you can see here and you know it's like every pop getting sold into and you know big stuff here, like this is like the big stuff. You don't want to belong into that kind of stock. It doesn't matter if you trap let it trap first. Okay, you want to see the trap first up here. And then you can always long up here and risk over this but let's see the trend changes first. Right, wait for that confirmation before, you know, it's better than trying to get yourself here gets yourself here and you know, you know, I'm stopping out. So, you know, that's my opinion on it. Yep, I love that so let me add to both of you guys so Harry if you could pull up what I just posted I made it very clear for everyone to understand the two days of that day so this is going to be a two day chart. This is so fucking broken did this is so not along Harry can you see what I pulled up in the chat. Can you see, can you see it on the. I cannot. Is there a way because man I'd love to show people this. This is really important for this lesson, because we're a little zoomed in on this example, which is okay. Does this work. Yes, yes. Okay guys so that's what I just posted in chat so let me let me annotate something right here hold on let me figure out how to do that. I forget every single week. This is where can you guys see my blue. This is where the trade happened. Are you fucking kidding me your long in this after this. Like are you kidding. You're kidding right I have to be brutal on this one, what in God's name looks like a long on this chart. Yeah, and I'm going to be brutal only because I think that that's the only way to learn. There is so not along in this. It's like insanity. There's nothing about this that goes hey let me long this stock. So remember what I say every single week you know the whole thing that you should start with in trading is keep it as simple as possible take a bird's eye view guys take a bird's eye. Does this even look like it would resonate as along. Oh okay it doesn't well why doesn't it oh it does look like it'll resonate as long okay now let's go into why. Guys, literally it takes one second to pull up a chart like this and go there's no long in this chart. Or at least or at least if you do long and make money your odds were about as slim as sliced hand. So my point is I want you guys to keep it as simple as possible believe me I made all these mistakes in the beginning to I wish I would have pulled back a couple day chart instead of just zooming in pre market. Because in pre market you can't tell shit right like yeah there's overhead but who knows where it started who knows where it came from maybe there is a bounce in it when you pull back to two or three days. You go dude I am so fighting trend here like like I deserve the loss right. And again, I'm only blunt with you because I want you to learn there's there's longing this is insane. It's insane. That's that's my that's my two cents it's just too broken for a long and the thing is is that there may be multi day tickers that that pick up right that reverse trend, but the odds are significantly against you it doesn't happen that often right. Everyone's trying to it's like a needle in a haystack. Yeah man I mean I mean the only thing going through investors heads on this well investors might say just traders. The only thing going through traders heads is, hey there's either a shortness, or I don't trade it long, like no, nobody's thinking let me catch a bounce on this somebody is thinking it gets high enough all short, and the other guys are like honestly I have to wait for a hot chick because not only does this have really no volume on the day that you long which is a, you know it's okay learn from this. There's really no volume there's really no participation it's definitely not a hot chick. So the best longs again let's keep it simple are stuck making highs with a lot of demand with a lot of volume and it's strong like just from a bird's eye it'll take you one second to go oh this is strong. Then we go is there a bounce in here can I capture that bounce. Honestly it's so weak I don't even know if I'd want to short it because there's just not not too much me. I think this dude trying to guess the bottom it's like the same thing when trying to guess the top right but you know in the short side but long time, I think do things and you know it's down too much it's got a bounce right but you know don't do that okay that's how you're going to get killed. The only way that works guys is believe me I'm a very big switch hitter these days in 2022 when it comes to big caps and small caps, let me fucking tell you, if you're ever in the mindset of, hey, this is oversold let me look for a bounce big caps. Not Sega. Not Sega what what is this company, it's tear it's a shell of a cup you do that on the video. Me and Alex did that on Apple Facebook, Amazon and Tesla and yeah we're down right now, but we're down on some of the best companies in the world and we honestly got pretty good averages. It's just the economy so shit that the averages are a little bit lower than we wanted in the long term investments but that thinking does not apply to small caps and Sega. This is so on sale let me capture it no fucking way. Yeah, I agree. Alright, let's move to the next one. This is, so this is Veevru this is the bigger picture that I knew Tosh would look for on something like this, something on Sega I was just like, but this is the bigger picture so what circled is the day that he traded it on. And this is his, his chart short. So I'm going that up Harry thank you for adding that. No problem, no problem it's just a pain to go back and forth on some of these bigger picture ones. So obviously, to me, here's what I see. I see yes I do see a resistance line at 15 right where would the next line be probably the 16 whole number right so if you want to take a stab at 15 that's all right. And then I would wait for 16 if I get stopped out that would just be my plan on this if I was wanting to short it. Obviously yes top is set. But here is the problem is that this member just too much FOMO right starts adding at 1550 or you know starts adding maybe like 1520 keeps adding to 1550. Finally, his idea works out at 16, and he covers lower, but you can tell in his write up. He's like, you know, started FOMO entering early. He started way too soon he started scaling at 15 for 16 line right. I think if you have an idea in trading it's really really best to wait for that idea to come right to wait for that line to come, rather than saying oh well I think 16 is going to be the top of scaling at 15. Like, if you, you know, walk to a fucking mirror and and look at yourself and say, my plan is 16 line but I want to short at 15 you would laugh at yourself, like the clown emoji would appear on yourself you know. I think what you should do is this 15 lines great you attacked it you nailed the win. Now let's wait higher for 16 line instead of starting to scale at like 1520 all the way to 16 right just too much FOMO wait for your plan wait for your line. And that's what I would, I would recommend only bow gets away with that one. Um, let's go back to the bigger picture Harry real quick. Yeah. Okay, I thought it was a long at first then I saw it was a short I was going to say if it was a long I actually kind of like this dude longing because as we can see, it's not breaking down on the daily but then I realized he's shorter than I was like okay. If you're going to short something again, when you take the bird's eye and you see this, I'll try to annotate a little bit I'm so terrible with this annotation but now you can see it's not breaking down it's kind of picking up even the day before even after hours even pre market. I don't like this random short unless you're waiting for the outermost which is right there right so not the in between like Harry was saying the second line. Now if we go back into the interday. Let's go back in there really quick Harry. Yeah, no problem. Thank you sir. I only short under VWAP guys and only above VWAP 30% like Alex if we have some overhead so let's say that this is pre market I'll try to draw that pre market, and then this is the intraday and outer lines to do all this on price discovery over VWAP you are asked I'm not saying you're begging for a loss because that's extreme the last example maybe maybe the guys begging for a loss long as super broken stock. You're not begging for a loss here but you are playing with bear traps and landmines. You're saying this could absolutely fail at 15 and then 16 but I am playing with bear traps. There's not a crazy amount of overhead and most importantly there's not a crazy amount of like I said last week, or the or the last session we did. There's not a crazy amount of immediate edge with the pre market with the intraday the super overhead so the fact that this is just kind of chipping along on the daily and then guys blast through VWAP. I look I know you did the whole nap dollar number which I do really love I like I'm saying it's not a it's not a terrible trade. It's just you got away with playing with bear traps and it is dangerous brother it is dangerous. I do like the way you did utilize the whole and half dollars as much as you can I know you got a little stuck right here, but you definitely added right here which is like what bow does. So, it's not terrible but just know this this is, this is going to make your journey a lot harder if you keep looking for trades like this because you're going to win one you're going to give it back you're going to win one you're going to give it back. Yeah, I definitely agree with that and I think, you know, in between the lines is just noise right. So if you want to trade some at 15 line. No one's stopping you. If you want to trade some at 16 line, no one's stopping you but the shit in between those lines you're just making up. That's that's that's tough. That's tough. Because Harry's right because honestly if you're playing line of line that would have been a cut from this reentry do you see what I'm saying that would have been the cut and then you would have attacked here again at 16 that's called line of line trading. Not, let me add let me add oh shit oh shit okay let me get my average up let me get Oh thank God. You see what I'm saying. So that's what Harry is saying in line of line it's like dude the 15 awesome right now you need to either hit and immediately cut for an attack at 16, but adding all the way up it's it's just dangerous it's just about the only one I know that's gotten away with it for two days. Yeah. Yeah, you know but bow doesn't scale like every 510 cents here. The one thing I don't get is that how many shares you using. Okay, are you using like 100,000 shares or like you know like big size so that you need to scale every five to 10 cents here I mean, which is really doesn't make sense to me. You know if you want to you know to your chart to look good to show it you know you have so many bullets here. I mean you know that's really up to you but by doing so, you know, just be honest with yourself okay by doing this, you're not going to be profitable. I can tell that from the chart. Okay, I don't care what your average was, but I can tell you like you know by trading like this at best, you're break even. Okay, at best. If you have like cheap locates you know pay for the commissions and fees. This is at best. But you know, as you can see here when you win. It's really like minimal like break even. But when you lose if the ship teleports to like 17 or 18, you don't fucking max loss. That's very well said. So well said. Yeah, worse even you know after this trade you're going to revenge so it's like probably blow up to like if you don't have a discipline. Okay, so just be careful with that guys. Pick out one good line one good stop. You know you can always get back in like 15 stop out here 16 stop out here so big right. One she's working at it more so to you know to have more size but if you are using really small size you don't have to scale every five or 10 cents. Who cares if your chart looks good or not. Are you profitable. That's the main question. Well big Tom right big size or small size guys don't don't scale every five cents you're just going to get in trouble small and big size like there's reasons to scale there's reasons to click that short button again, and it should be pre planned. Yeah, I agree. I agree. Alright, let's move on the next one. So this one is a little bit hard I'm going to try to show everyone where the entries is this is what we mean by blurry charts like you don't need to add this. You can write this in your write up, but you know, basically he went long here ended up kind of stopping out right here. That was his kind of first bounce. I think for me wrong image sort of he said okay yeah I think for me. It again is coming down to what is your target and what is your risk reward. Okay, to me on this type of first bounce trade I see a line right here. I'm going to draw using the lines. But to me, I see a line right here for first bounce like a cell rate here, and I see a cell rate here and those are my lines. If you are just like this is just, you know you're not sticking to your plan like you, you have to have some balls to say, Okay, this is my plan. This is where I'm getting in. I'm getting out, and this is where I'm stopping out and you need to stick to that, just like, did you pre plan your trade for break even probably not right. And so your idea is working out every single time and you're not there to take advantage of it, because you're too scared so you're either using too much size. I mean, if you are scared with 50 shares, go down to fucking one share. I mean that's just it. If you're scared with 50 shares go down to like one or two shares. That's just the price action and learning the lines, because to me, this is just, you know, you're getting in right here and you're cutting a few minutes later and you're not giving the time, or you're not giving the trade time to work out. But also, you're not sticking to your plan where like is your stop break even, are you going to say right when I get in I'm going to exit, you know, so you need to have your, and also do not move your risk around when you're in the trade stick to your plan. That's an appropriate amount and say okay, when I get in I'm either selling at my target at my line, or I'm stopping out and that's it that is trading. If you cannot handle being in a trade for more than, I don't know. Let's say, fuck, I don't know like five minutes, then you know you're you're going to have a problem trading right, you know this you have to spend time in in the trade right. It takes a certain amount of time to work out. So, either you're having the fear of loss which is probably coming from you using too much size, I mean go down to like 10 shares then and start working your way up because this just isn't working out for you like your career as a trader is going to be cut short before it begins, because you just can't handle the pressure in a trade so to me it's like you write your plan down on a sticky note or a notepad and you stick to it and that's it. If you can't stick to it do not move your risk around do not fucking start doing these trailing stop things just literally stick to your plan and if you can't do that then I mean you can't be you can't be a trader that's just it. Yep. I'll add to that. Alright, guys this is the first thing I noticed with this sigh I'm going to put on my boxing gloves just a little bit but I'm not going to be brutal on you because they doesn't require it but this is the DaVinci code bro. This is over thinking there should not be this much to jot down in a trade like this, you're in a little early I can tell you oversize and here's why. Right here in the trade where you stopped out and got in and stopped up this is only about 25 maybe 30 cents once I eyeball that that's 25 cents. So remind you I don't long anymore I built you know my whole early accounts you know three accounts in the beginning on first bounces before even you shorting I didn't even know what it was called back then. If you're going to long right here and not at least give it to the wopper at least just under. I think you're shooting yourself in the foot and like I said if there's only 25 cents here which is not a ton of range you know this could have been a chart where it showed $2 or $3 so I get it. I'd be more lenient, but to get in here and then a stop out well wherever you did it's a little blurry sorry to stop out wherever you did and not give it view up you're oversized brother because this is not $3 and range this is 25 cents you're way oversized. So, you know, if I was longing again which I don't anymore because I'm just so much more comfortable shorting on small cast but when I did you bet your ass I'm not getting in here and not at least risking a view up hold. Dude, the stops over view up all morning and you're not going to at least let it like prove that it can hold view up. Come on, come on. That's the clear indication of a trend is the view up hold and the deviation. So I think it's an unnecessary stop out but I get it, because you were probably oversized, and then we don't think clearly. That's my two cents, maybe Harry has something to disagree with on that but that's my. No, I agree. On this one. You know, I like the thesis. You know, for long. You can see, you know, the trend is just grinding higher right so it's perfect. Nothing wrong with that taking long but I just don't get why you. I mean scaling into the entry here right that your average might be somewhere around like six probably, and then you sold into the six. This is not the stops. Okay guys. This is not he's stopping out. He's taking the profit, but your average is around six and you selling at six. So why did you get in in that trade in the first place. And why you scale, you know, down your average is like, you know, like, pretty much like adding to your loser. Bring down your average when you long, but I just don't get it because I can, I open your chart you posted in the weekend mentoring, and I can see your average somewhere around here six, and then sold into this probably six to. So like, break even on this straight or, you know, like you're not losing yeah I can see that but it's just like, why you trying to like or like you are you are afraid of losing back or like you know you are afraid of, you know, losing back the profits or you know like, you should have a plan in the first place right. I'm going to scale in here. And I'm going to stop out here. I mean you should have a plan if you are scaling. If not then just one bullet and stop here you know whatever okay but have a plan at least. Tom, Tom I see what you're saying because it almost looks side like is if you were scared of a death candle coming through VWops you're like okay let me get out before it and like obviously not hold the plan view off like Tom was saying it's, it's like you were like, it's like I can see your emotion in this like you're like okay I'm in this trade. Oh shit it's a little lower than I wanted to okay okay I'll add like I'm in all fuck what if a death candle comes man and then like you got out because like you're scared of what you're anticipating. That's what it looks like. Yeah, just like my wrist was too tight on this trade but it's like bro, like your risk is your fucking entry. Professional risk takers man you got a risk. You got a risk. No this is not like your risk. You are selling for the profit here you know like you're selling it too soon pretty much. Right this is not like the stock is not stopping you out but you trying to get out. Yeah, that's what I can see from the chart because it's like you know if I'm longing along here and you know I put a hard stop here when it's not come down it's going to trigger right that's what that's the stuff. But this one scale scale scale here and then you sold into like the small minimal kind of push. Dude it's a great thesis the long was there bro. Yeah the long was there I love the thesis you know this is like you know compared to the other chart when it's like like this. Heck no right but this is like straight up I mean it's grinding grinding it's perfect for long. Fantastic thesis of a trade you just got to manage your risk and your comfort levels better. Exactly give the stock enough room to work for you. Exactly. Okay awesome. Alright let's move on to the next. And we don't mean to be hard on you like on this trade we don't mean to be hard on you but like this is just this for us this is really just what we would want to be told if if I took this trade like I want someone to be completely brutal and honest with me and be like Harry, you're like if someone call if someone like I would appreciate when I was on the come up Tosh destroying me because I'd be like okay. This is what I need to hear to get better right sorry man I got on the phone with James for like the first three months and ripped him a new one every day. Yeah yeah. I was like you idiot. I was like good good more for me and you. Yeah. Exactly. Alright, so just one last thing I'm going to add Harry sorry about that. This is like you are afraid of losing back the profit okay the trade was like you pretty much like red on that trade and now you see green I don't want to see that right anymore so that's the urge okay and you know this is the problem for a lot of traders they are afraid of losing back the profits, but in reality if you're going to do this in the long run, you're going to lose it back anyway so it's dumb as far okay just follow your plan or whatever. This is worth not so. Exactly. Yes, sir. Alright, so on something like this. This is a. I guess the setup is, I'm not sure, sure what this is. I think it's day one. I'm just going to start number one I'm going to start with the range okay so we have the top of the range at 274 we have the bottom of the range at 230. In my opinion, if I was trying to become profitable as a short seller. I would want to go short near the outer lines at the top half of the range. This is where you will find your best shorts. Going closer to the middle or bottom of the range is in my opinion where you will have a lower win rate right you try it there you end up getting stopped out. You end up shorty into the outer lines they end up working and you go lower and that is really what I see a lot of people and we can mentor and kind of get stuck in right. I mean the bottom of the range is 230 and you're going short at 240. To me is a bit of a problem. But like, you know you tried it but also the stock is also telling you, Hey bro. I'm not breaking down I'm not breaking down not breaking down not breaking down I stuffed I'm still not breaking down. I mean this has given you like how many minutes is this just channeling in between VWAP not going anywhere bottom of the range. That's difficult. Now he ends up stopping out getting back in and that ended up kind of working for him. But to me, you know, this this short it's like okay but like you gave it too long should have just covered. I mean where do you think it's going to go there's not really that much me I mean you're shorting here at 250 to get like 230 right. So, again, to me, I would avoid shorting bottom of the range. And in situations like this where it's not breaking down at the bottom of the range, definitely cover out and just wait for higher. He ended up kind of getting rewarded up here. And that ended up being kind of it. But to me, just don't short near the bottom of the range and wait for higher way for that pop. Trying to get rewarded every single time instead of these kind of FOMO entries. And if you do take a FOMO entry, you know, and the stock is not breaking down and it's just channeling in between VWAP just wait for higher. That's all I gotta say. I'm about to have a field day man because there couldn't be a more perfect chart for me to annotate on what's wrong with this and how you can fix it. What do I say every single Wednesday for the last five fucking years. You have only two entry points in this stock. There's one. And then there's two. Let me explain the stock from this point to open has so which is about an hour, which is picture perfect has not touched VWAP and it's opening far from its highs. Number one, we're opening far from our highs. That's extreme overhead. Number two, it's opening way under VWAP and hasn't touched VWAP within an hour. Those are the two criteria. Where do you short always always always on a VWAP push, then you can scale as high as you want to scale whatever that's up to you. But this is the account builder. This is how I built accounts. When I first started really establishing a process on my short accounts, you should not be chasing this you should not be hitting here. You should be covered here and here and here and wrapped up for the day, because guess what's here zombie hour. And then if you do short after zombie hour. This is the only fucking place you should even touch and if you touch anything under that you're an idiot, because you have no short edge. So number one, what do I say every single week for five years. This is the guaranteed moneymaker you will build an account if you play this stock chart, and then just walk the F away. But if you're a degenerate asshole, which we all are and I even am too. If you have to get the outer lines, you better during zombie hour better be hitting the outermost lines. In my case this is so this could have been so perfectly a perfect chart. I promise you bro I swear to God, this one chart will make you as much money as you can discipline, you know, discipline Lee, give yourself in your trading. This is a guaranteed moneymaker, but you have to hit it the right areas and cut off and walk away. This is the moneymaker chart this is the chart that'll make you a fucking million dollars. But you just did it a little bit wrong, just a little bit just just fine tune it. This is all man it couldn't be more picture perfected. This is the chart guys this is the fucking chart. Yeah, on this one. Get rid of my shirt. Yeah, I mean, I just don't understand why he didn't short into this push to 50 here was just, you know, one and a half little mark. Perfect you could get 20 cents here but you waited for I mean, yes, I know you want to be safe you want to, you know, wait for stuff but why are you shorted here more. And the cut here should have been here instead of all way up here, you know, like you don't need to waste that much, you know, like maybe stopping out here stop over that to 50 here to 60 that's a good, you know, trade this trade I like much more, because you waited for the outer lines and you add on the confirmation. This is the trade you're looking for. And yes, the risk reward on this is it's pretty good. But the first one, not really. And you look at the chart there's really not much me that this is like pretty much the bottom. So if you short down here might get like 5 cents, you know, so zoom out the chart and see the bigger picture. And, you know, from from there you can have your plan but but this one was solid. This one was solid I like it. I'm here but you know it's it's all good. Great trade, but the first one, you know, be careful next time. That's all. Yeah, yeah, also one thing I want to mention on the whole slippage thing slippage is like when you're using bigger size I'm not sure how much size this guy's using but you know if you're using 50 shares, you're not really going to get any slippage, you know, I see this on Twitter all the time where these like these guys blame it on slippage I'm like bro, if it like I think a lot of people are using slippage as an excuse for their bad stop losses. So now everyone just magically thinks everyone gets slippage, like if I'm in it, you know, 1020,000 shares on a ticker yeah I expect to get slipped a little bit right, but if you're friggin use it yeah if you're using underneath 500 shares like you're literally going to get any slippage. So like I see on Twitter all the time like people are like, man I got slipped and then I'm like well how many shares you're using and they're like oh well 25 I'm like bro man your hard stop is going to execute at that price if you have a hard stop So I mean, I think a lot of people are blaming slippage on just, you know, their hard stops that are like, you know, the hard stops that they're not setting right, if you don't set a hard stop underneath high day or near high and then we keep breaking up higher, that's not slippage that's the goddamn stock moving higher over hard of high a day right. So, I mean, there's something to be said for that too I think a lot of people are blaming slippage on them just not setting hard stops right. Yeah, I'll add to that really quick Harry, on a stock with given range like this guys if you have anything under 5000 shares, do not complain about slippage don't even think about slippage. Under 5000 shares on a stock with this range. Now let's say it had a massive amount of range, obviously 5000 shares you're probably not going to be putting on, that's very different. But you know just, just, yeah, yeah, yeah, don't worry about slippage if you're, if you're somewhat of a small size player which is okay not that 5000 is small I'm just saying in the scheme of things like players in the market. That's, that's guppy size. So, and I'm not saying like guys within MIC I mean the whole like Wall Street. It's, it's guppy size 5000 shares if there's no slippage guys. Yeah. Or it's just not your focus. So we cleared that up like I people shouldn't be focusing on slippage they should be just focusing on proper hard stop placement right. You know, if you don't have to set a hard stop at high day. If someone keeps on going, you're not getting slipped. I'll tell you what who is getting slipped are the people short underneath that that are now forced to stop out. They're forcing the stock higher, you know. So anyway, yeah. So, okay. You EG that's funny. I use slippage as an excuse in bed all the time. Fuck, I thought that was going to be a trading thing. God damn I just got slipped right there. You got real life slippage folks. Yeah, this one I think is a good one got a little bit lucky on whatever this was but other than that, good trade. What's there to say you shorted the channel which is perfect you know you shorted like literally like this is the channel the bow would have been hitting all day. And if you said you plan for this you're totally crazy you just got you got a cherry on top but great trade. Tommy boo. Yeah, I was answering to that member of question hard stop is always market guys okay don't use limit diesel man his name is Samus mine. You know market always and you using trade zero range order you shorting if you put in a high price that the stop for market stop and the low price going to be your limit order pretty much like to cover. Yeah, the reason why market guys is because it's damn near 99% of time guaranteed a stop out. So when you do a limit if it blows past it sometimes you don't get filled and now instead of, you know, obviously a market or is going to fill where it can a lot of the time. What do you want to lose in an extra five to 20 cents range or do you want it to blow through your limit order and then it runs $2 you're like, holy shit I could have stopped out with 15 cents slippage you know this whole slippage fucking shit that he's talking about, but no it's just it's just look I stopped out fill me out get me out immediately I'm willing to risk next to 20 cents they didn't anticipate at the chance of not getting blown away $2 or $3 if this continue going and maybe you're on the beach. Maybe you set a stop you went to the beach but if you set a market order you're going to get out if you set a limit order, you just got eaten by a shark in the price action. Yeah. Yeah, I just want to get the fuck out don't worry about slippage. I mean, you're trying to save few cents and then you're you know end up blowing up the accounts though. Yeah. Yeah on this one at CR. You know it's. I'm not sure about this tray. You know, I mean it looks good. You got the wind here you know after the wash. It looks looks cool right but if you look at the chart it's really on the front side grinding higher. You know, it's this is like, if I want to show something like this, I probably I wouldn't be able to use much size to begin with. So here's zombie time. Look at this after 1030, you know, it's, you know, not really my edge, in my opinion. You know, this is also view app is like stars grinding higher. Yeah, it's nice you've got a big stuff after that, you know, it's, it's good looks good. But you know overall in the long run. You know, it's dangerous. I mean if you have tight stop but I can see if you stopping out over 320 which is 40 cents. Right. And you may probably 40 cents to like that's the best case one on one. To me that's not good risk reward. Maybe if I want to short something here maybe add into the support and holding for the old a failure maybe to 1.802 then yes, but not just not for me, but you know, oh good. You want so good just be careful next time that's all. All right. Everyone's wrapped up on this one. Yeah, so this is what I'll kind of say on this one I know everyone else is going to say the same thing so in a situation like this he's like set up low hanging fruit. Who knows if it actually was or not like I'm not really sure I know Tasha's probably already looking it up. Yeah, you really want to be kind of one and done. Right, you get a pop, you cover, you know he ended up adding back to this one didn't work any again didn't work, you know, and then ended up waiting for the to the top was set and like that was really about it. But I think that like on you know these types of trades, we could have eliminated this one here, despite like great stops. It's just, I wouldn't. It's not a trade I would have taken. Also the fact that it took so long to break down underneath here. You know, we're obviously not going lower so what's the ticker PBTS on Friday, June 10. You know, so again, yeah, Tom's right you know 20 cents on a dollar stock you know you're you're up a decent amount I would take it off here, but then just reattacking and trying on on this side just wait till the top is set. You know this trade obviously a good one but again on something like this. You're better just to wait for the one and done and not go back. Instead of trying to fight trying to fight. I mean the hard stops are great. It's just like, do you really want to be involved right you want to take that extra risk for me not really I'd rather just make my money and leave right and not stick around on us on a setup like this low hanging fruit. When we start to grind higher this is abnormal price action. And again I'll say it another time I think the trade after the top is set is okay, despite it being kind of you know after zombie I think it's it's all right. But again, you know you could have just major 20% here and not screwed around and the only reason why you're taking this trade is because you had two screw ups on these ones you're probably pissed right. So, yeah, oh shit. Yeah, couple couple things to know you know this is the okay there's really good in this and then there's just again, let's fine tune it right. This is great. Hold on let me annotate shit. I don't know why it takes away it's time. Okay, this first one is great bro but I only touched the first one the first jump on a day to because this is a day to I looked it up on the day like this is what it looks like guys. You know you can see in the chat that Dimitri just posted. I like it in the beginning that the initial jump probably no pivot line I'd have to pull up the pivot lines but I never hit again on a day to. I'm very different though I get my one and done. So like this I just wouldn't have been a part of personally sometimes they work out bow sometimes does I definitely wouldn't have kept adding or trying. It's up to you to wait for the breakdown and like that always does here's this resistance you shorten this resistance that's actually really good. This whole thing is good right here I still wouldn't have done it on a day to I only focus on the first morning pushing to an outer line, but the underlying here is the thing I don't like. It's basically a dollar stock there's no range and there's a lot of manipulation with these ones that are like 90 cents to like a dollar 20 so just based on that I just don't like that. The one move that I if I ever do play a dude day to it's only that let me get the outer line, let me cover the wash and then I'm not back in these I don't like staying anything after 15 and 20 minutes, which I guess would be like around this mark on a day to. I just don't like it because this could this could all be manipulation specifically on a stock that's so close to $1. They try to hold a dollar guys and they'll try to do anything they can to hold a dollar so I, you know, I think there's some good stuff in this. I just think that there was a little too much activity to be honest. But I'm really curious to see what Tom would have to say on this. Yeah, on this one. If you could remove that. Yeah, thanks. I mean, there's like, I mean this dog gave you pretty much everything you need for low hanging fruit. Okay, this is like we are preaching about it every like almost every single day. Red to green, get exactly to that line, right, even though this is not like, like ideal low hanging fruit because it's not completely broken yet, but the stock is still giving you the pop at open first 15 minutes right first 15 minutes window that's your low hanging fruit. Like, exactly like the pop you want it to that red to green line you add it here but it's like 20 cents on $1 stock bro what more do you want. It's like, after this I just don't you know this is like to me it's dead. I don't care about that. The edge is low hanging fruit. That's a window. Okay, time it right trading is really about timing size the fucked up here. Okay, like when it's always popping size up and cover in the wash and be done. One good trade that's all you need. Like, why you have to add it more here and stopping out here and try to guess here. Like, there's no edge after that. Right. And after this is like, you know, top you said you can use whatever in your mind after that you know like finding excuse to make a trade but this is like not a good product like you know, good setup to make money over the long run you look at the volume. It's like, to me, you know on this one, that's really the window to make money. After that, I don't care. Yeah. Okay, that's this is not going to be sustainable way, you know, in the long run you're not going to be consistent with this, but with this one in the first 15 minutes, if you can get that, like, not a lot of low hanging fruit, you know, they even pop at all. Lately. So this is like, pretty much like my a plus setup. If I get the pop it open to that red to green line. So, and you execute it perfectly, but just like to greedy but you all, you want you, you weren't using like using, you know, size. So that's why you wanted to, you know, add more in and then you end up stopping out. Yeah, that's my two cents. Correct. I'll go on this one everyone. Yep, very good. I totally agree with Tom and we pretty much said the exact same thing yeah there's that there's that initial opportunity guys but you have to be careful about overstaying so just remember that. So that's what we see. This was a long. Yeah, I think that the these these are good trades I know it's probably like multi day type of setup top is set whatever but this kind of grinding on VWAP near zombie time is is a good is a good long right we're going into grinding right this is not how a low hanging fruit should be acting to me and I know Tom would say the same where Tom's looking for that one pop is looking to cover that wash. And if we see the low hanging fruit grinding higher and higher and higher, you do not want to see that for low hanging fruit. So I think if we're hovering VWAP on a low hanging fruit, getting close to 1030, you know, and we're getting this type of volume situation where we get some volume we cool off for a little bit. You know this is still pretty decent volume per candle like we're still getting like 150,000 200k per candle on a low hanging fruit that's pretty abnormal to me. And yeah, I think just as we're hovering VWAP we're going into zombie, we see the volume start to ramp up good cells up here right right above the high day. Great cells. And then he took another one on the similar setup right so we get this volume, we consolidate for a little bit we're still hovering VWAP and yeah he's selling. And the only thing I would say is that I don't really like these, just because like you've already had a one and done you have another one and done, you almost kind of got lucky on the second setup like it's a pattern the stock likes to do this type of stuff where we get some volume over high day, we come back down we consolidate we get another leg higher. But to me it's like you're going back to the well because you probably weren't happy with whatever you made or you use less size or whatever but I like it. I love the hovering VWAP. It's great. Just, you know stuff like this once we're above VWAP and like your trade ideas already happened like there's no point in going back again. If you thought that this was going to go higher, you could have held half, and then stopped out the other half right here, right, and you could have said okay I'm going to sell half here, hope for up here but if it doesn't work out I'll stop out when I have to break down you could have done that instead. So yeah, you know, I like it. So, you know, here, let me add one thing I love the way Harry laid that down man that that was he's totally right man like the dry up a volume and then the reclaim the higher lows that was so good. I have bittersweet with this because the day before was just slaughtered. So I I never like when I did long I never liked longing something after such a day where it got slaughtered. But Harry's right man that the tightening price action the higher lows and then the ramps off the WAP it's pretty much over the WAP it's showing that it can't break down. And most importantly, it hasn't broken down on the week chart if you pull up the week you don't have to Harry I'm just saying if you guys do go pull up the week chart there's this key level that it like hasn't broke down for a week and on that hold even after the day of getting slaughtered like if it's not breaking that key level for a week. Well there you go so I mean I don't hate this trade I just do think it's not my comfort zone personally to long something after such a slaughter day, but honestly bro is just talking about price action in the interday what you did, it's pretty fucking solid. Honestly, it's pretty solid. Yeah. Tommy. Yeah, you know I'm not long biased but you guys can see what I meant by this you know compared to that long form cup Joe or like you know what whatever his name is you see the grinding higher. You know not grinding lower, like the previous long and trying to guess the bottom right this guy did perfectly. I mean even you know entry patient with the exits. Yeah, then work here he cut it right away, but you can see it you know how the guy risk or like his risk management was compared to this one. So his winner. It's always bigger than his loser. Right. That's how you're going to stay profitable. Tom, Tom, I'll just add one more thing because you just again we're feeding off each other and I'm getting better at my commentary because you guys and dude you literally just laid out that's exactly what I was trying to say I just didn't know how to word it until right is if you guys see the one that the cup of Joe did which is okay we're not still beating on you sorry buddy but you were the pre market was like this. Okay right so this is what the previous day looks like a little bit into the close on on the previous day so like if this was like the you know the previous day, or sorry if this was like the previous day and this is like the pre market right here. But as we notice today, you know, on this day in the pre market, it was sideways it wasn't off a cliff so I think one of the most important things that you can consider and trading and believe me for the last nine years my career I that's all I consider on top of other things that I can couple factor but what is pre market doing. It's, it's like the indication of all indications of what's going to happen in today. I think pre market is some of the most important things you can focus on, and it's not off a cliff. That's what I was saying like I don't love this for a long because the previous day was off a cliff, but the pre market was very much stabilized, and then we get tightening and then we get higher lows. So, I got to tell you, I don't hate this at all it's not my comfort zone but you know what, I can't beat the guy up for this trade he did good. Yeah, and also for me if I'm looking to long something multi day I'd like a chart like this right I is for anything multi day I like after day two. Okay, so day two, I'm not interested in longing, but like anything after day two, if we're still holding a key support level it gets interesting right so let's say we have the day. And yeah we pull back here right and let's say this is day one. And on day number two we get this low hang through pop, but we're still hanging around here okay right. This, this type of chart would be interesting for me for a long because now I have a pre defined risk. I'm seeing that this stock cannot break a key support level, the pre market isn't off a cliff, and we're kind of consolidating this stock is resting for another grind higher. Whereas on the other Sega trade, we're trying to long something after it's been off a cliff right we're just, you know it's just a dead cat bounce at that point right. So if we kind of have this pop. And on day two, we kind of chill around and just grind around and we don't really go anywhere. And on day three we start to get some volume increasing again for a push higher than I would look for it for a long because obviously this stuff on day three and should be dead. It's holding a key support level. I have a set pre defined risk that if this breaks this death line, I know to get out. And I'm also saying okay I'm following the volume and also the fact that this stock should have broken down day two should just be a dead cat bounce we should keep going lower. Anything after day three day four you want to avoid short, and maybe you can look for it as a long if we're doing good consistent volume, you have a good risk we're over view app, and the pre market isn't off a goddamn cliff then maybe you can take a look at it. But that's just my point of view. Dude, I love it man there's a lot of lessons in every single chart today this is great man. Yeah I try and pick the ones with like the best lessons almost. I know you killed it this week dude every single chart I just want to like write a symphony of commentary. Yeah, exactly that's why I only put like you know, 12 or 13 charts because I know there's so many lessons and especially with three of us are four or five mods. You know you can really go. I just just really good explanation man you killed it. Thanks bro. Um, yeah. Okay so this one, again, we have another good lesson and this one here. I feel like it I'm going to pull it up on the American. Yeah, so this is a said set up his first resistance. Here's how I feel on this one. I think instead of adding on high a day, you should have just stopped out and not average down ends up getting in a big mess up here he ends up just fighting afterward. You could have just cut and reattacked higher into your line. You know we've gone over Eftos charts multiple times. You know, again, we're closer to the range the lines you picked is at the range, the volume is ramping up. See, here's the thing for me. Here's the thing that I see on this one. All pre market. There is no volume. So where is your immediate supply, not there. Okay, not there for this line. Right. So, you have no immediate supply. Right away. And as we ramp up in the morning, we're doing 1.4 million volume, and then we're doing 2.8 out of the hall. We're doing over a million volume of candle so this demand at the open overwhelms anything that you've gotten that pre market pre market we want to rely on the immediate bag holders. If you are taking a short at 1.2 and there is no volume there and it's just faded down, you know, under 100 K under 50 K. Yeah, you don't you don't want to short there just because of the fact that this demand that the open is overwhelming all the supply in the pre market right. To me, this is just an avoid you see this stuff getting, you know, one male volume on a very, very low, low, low volume low liquidity chart. I mean there's just no meat to short there right to me as a long I love this because I know every single short thinks that it is a broken chart but it's not it's tricking you look at the volume down here there's nothing. The volume has overwhelmed all the supply right off the right off the, you know, right off the back. That's it. Dude, okay, so much to say about this one this is such a good example my God you guys are going to learn some cool shit well you already did with Harry but yes, fake broken so number one. I know what you're saying Tasha hasn't touched view up in an hour and it's way broken under view up let's let's short the view up push right. So, because on something like this first stop. Where's okay so like where did it start 88 cents or something and a high of 130 and it's opening here again remember these stocks man they try to hold a dollar did why do you think I hate these fucking stocks 90 cents to $1 30 I don't like these so they are trying to hold a dollar as much as they can and they will because these are shells of companies and there's endless manipulation so I know you're like Tosh it's broken under view up there's overhead it's opening far from the up we should hit a push to view up. No, because it's it's it's that it's that fake broken down that Harry was talking about this rush of demand is so easy to pump. You know that your first warning sign man is that is that dollar hold dude that's your first warning sign is literally like they're going to do anything they can to keep it over a dollar. So this is not something you should be excited about and and I have lost so much money in my career on this setup specifically and I'll tell you why guys. Never short something that has such a fucking opposite death candle bullish push candle. Never it's just not a good idea it's not like you want to trickle, but the, how do I even say Harry that rush that teleport you don't shorten it teleports do not. So, so you shouldn't have had fantasy orders on this one regardless and then second if you didn't and you were just waiting oh like if it gets to be what let me hit it. No, do not short teleports man it's like shorting a bowl on steroids charging you can it work sure most of the time you're getting it shocked. What the hell is that picture. These guys stock trading in the room. The balance cousins. Oh my god of course they are bro seriously. The point is guys never never never shorted teleport. I have lost endless amounts of money doing that, and then I had to make it back. So, and then you lose it in two seconds then you feel like a real asshole because you're like dude I literally like I don't even know why I lost it was too quick it was like speed speedy road runner it's like why did I even lose. It was so quick it was just flash you're gone you're stopped out. Yeah, um, the reattacks. I just, I don't know I would not I, this is not something to go back into in my opinion until maybe what the hell's my anant. I just avoid this shit man, like you've lost on it once you're obviously going to be emotional. Stop that over high day. Yeah, this is the only one I'll give you because it did kind of set a top here and you're going off the two. But this is the only actual I'll be forgiving but I still wouldn't touch it I just these $1 stocks man see that when this works every time let me clear my, let me clear my set so you can see clearly. When this works the VWOT push and the overhead and the opening far from VWOT and then you get that takedown guys are when stocks have range. That's when it works. So this is, you know, $2 and then this is $5 that's when it works every time, but 90 cents to $1 30 no, no shot. I'm just not going to take a trade like this, because this is they're going to hold one they're going to hold one and the pumpers know this and it lures in like Steven just said oh my God this is why I was like dude he literally just said it. I'm going to read it Steven where did you just say that thing he goes, I never short right above one or two whole dollar numbers too many bad longs with small accounts going in, all in on them in my opinion, they often find support there guys you have to think every 18 year old kid with a $500 account can afford a shit ton of shares in a $1 stock. Yeah, you see do you see what I'm saying. The 18 year old who doesn't know anything about stocks is not longing and 500 shares when a stock is it three down from five. He's doing it, you know, one. Yeah, it happens again and again man avoid these $1 stocks on the short side if you can, and look for what Harry was saying fake demand and launch that bitch. I think just to sum this chart up. Number one tiny range, number two, not a lot of immediate bag holders right there's not that many people stuck long on this chart. There's not that much volume it looks fake broken it's really not number three or four is just the overwhelming volume and demand at the open something's wrong we shouldn't be doing this much volume on a tight ranged chart like this. That is right the red flag this stock should be broken we shouldn't be doing that much volume. That's scary do not touch that there's something else that's going on here. And I think also one lesson here would be no need to reattach bro, make your money back on a real broken stock. This could have easily kept going. You got in my opinion lucky due to the market sentiment. If this had been coven you would have blown up out of the water. Yeah, dude. Oh my God guys, say that again Harry say that again if this was coven this would have gone to fucking $7. Yeah, exactly and look he's short from 1.2 covering, you know, 1.8 you're not going to make that back. Oh it's just too dangerous. You're not even going to make half it back just avoid this ticker it's abnormal it's not for shorts. You know it could zombie back if it's trapped once it can trap again. So yeah, I would definitely avoid this one. You know let it be let it go. You know it got your once maybe maybe you know you can reattack it on a on a day two or a day three and it'll do an offering for you something like that but you know again, it's very easy to fight fighting is easier than not fighting. It's easier to fight than to not fight right you want to go back you want to reattack you're like God damn that bitch got me I'm gonna I'm gonna get it back I'm gonna fight I'm gonna fight. I'm gonna keep fighting right. You know you instead of the fighting brain you should be using your flight brain you should be getting out of your seat shutting down and just leaving it this is obviously anyone using any type of size this is a max loss right 1.2 to 1.8 I mean that's that's a large percent move right so it's very quick and it's very quick it's very quick it's easy to get emotional and you can even tell in his in his, you know, next trades right he's emotional he's upset. And that's normal right, but instead of fighting you got to leave. What happened if this went to 250. Right, you would have lost two times three times right here oh I'm going to size in more I'm going to size in more. I think really just the lessons, you know, on the stock, you know, can really help you in the future to not take these losses the volume the range, just everything about this ticker is just avoid the short guys. Harry last thing I'll say because I'm adding to exactly what you just said guys the number one thing that Alex taught me in my career because he mentored me without many years ago, and what he still preaches do you know what it is. It's called stock selection. So if you have four identical charts because look the price does look like that one if you just go by pattern. The pattern does look like I should just hit it because it broke. This is where stock selection is so important. For stocks have the same pattern. One of them you're going to like the most one of them you're going to like the least you take a lot of things in consideration the volume, what the range is why is it a $1 stock is it five to seven is it you know you see I'm saying stock selection not every pattern plays out perfectly because within four of identical stocks it's still about stock selection and picking the best one this was this would not have been in my stock selection by the time open that I am willing or executing to trade on this is one of those ones where I go you know what I if a couple things more lined up, and it had a little bit higher you know up to two pretty market had a lot more volume now I know people are stuck. Maybe I'll add this but this is where stock selection is so important because it is tempting, but then once you play something like this then you frickin lose your frickin ass dude. Tommy, do you have anything to say before we kind of wrap it up. Yeah, this one. You know I took a loss on this one as well this was on my watch list. The reason why I did that is, you know top is set broken the pre market this volume because of the PR was right at the open. I cut I cut it here after you know the pre market high. And this is like the lessons I want to tell him that you know it's like maybe too soon here but the stop should have been over pre market high. Okay, okay, always, always in whatever you do in stock breaks pre market high, you have to stop out. I don't care if you know I stopping out right at the top and shit tanks after that no, you know, over pre market high you have to stop out. And all this after I have no comment on that because it's you know, this is like formal revenge trading and so on. It's yeah so you know like, I'm not going to comment on that. That person knows what you know he's doing. But the stop here it's like this is no you're not like you let it stop. Go against you 40 cents you add you even added more. This add is the I think is the crucial one. Right. Like, what are you trying to do here. I mean, what are you trying to do here start clearly give you the confirmation that hey, I'm strong as fuck with the volume. Okay, you need to get out. But no, I want to keep fighting you I want to add more. I just don't get it this add is terrible. Okay, you could get if you could have got killing this one if it gets to like two or 250. Teleports and holds it, you know twice or three times you dead. So, you know this initial, I'm okay with that because you know that was my plan as well maybe that person follow that watch list, but I got it here. But Tom you didn't you did exactly what you should do it is attempting stocks so if you do trade it, you should be stopping out if it breaks ideas Tom you did it perfectly bro. Yeah, I even said, I think watch list was like scale from 1.2 to 1.4 stop over 1.4 perfect plan if you do plan to hit this yeah that's what I'm saying, like even your loss you did it right. That's all yeah. So the key lessons here pre market hi guys be careful okay breaks that get the fuck out. Seriously, man, don't look back. Don't look back. That's all. Yeah, well I think this is the last chart for today time to wrap it up. Let me say one thing guys because I've had so much demand and I have been a little slow to it guys if you have reached out to me for the flash sale on lifetime. I'm so sorry if like maybe you missed a message from me or we you know you didn't get all your questions and I think I got back to everybody but if anybody is looking to take advantage of that sale that's here for a little bit longer. It is a massive flash sale on lifetime specifically so I literally 3000 DMs 20 million calls if you fell through the cracks I'm so sorry message me again, and we could talk about that I just want to make sure that I'm not forget believe me I I wish I had two clones of myself and to be in chat all day to do the background work it's like, I love you guys trying to do it all. Alright, also I was going to take a birthday shot at the end so let's go. I'm proud of you. Like what one shot that's it the whole bottle. Come on, I can take it on here. Fireball right now dude. I just wanted to say it's my birthday. You know, thanks a lot for everyone joining weekend mentoring. Thanks for everyone showing up. I love it bro. Thank you to the whole MIC family Tom, Tosh, Bao, Alex, absolutely fucking everyone. We're happy through the year boys. Let's fucking finish the last part of the year strong. Let's get it going. Fucking everyone take a fucking shot let's go let's fucking party. It's my fucking birthday. Thank you to fuck every person every goddamn dm. We fucking love you everyone. Let's fucking go. I think Harry's already drunk. You've been drinking since he woke up. Let's go. Let's go boys. Love it. Happy birthday buddy. Happy birthday bro. Love you. End this shit right now. Thanks everyone for showing up. Thanks everyone. See you guys. Go have a fun day buddy. See you later bro. Peace.