 But it turns out that around 50 people showed up to the meetup in New York City. It was a great, great, great experience. Thank you everyone who came, who was there, who was stepping out of their shells and talking to people. What I mention about these meetups every time that we throw them is that it is so hard to meet traders. It is so hard to meet people that understand what you're passionate about. Yet here we are, 50 people from all different walks of life that are in the same place at the same time that have the same passion, which is trading. We're all obsessed with trading. So setting up these meetups is so fun because you get to meet so many different types of people. So New York Meetup was awesome. We posted some pictures on our Instagram. Our Instagram is My Investing Club. And yeah, 50 people showed up. We had shots. We had drinks. We hung out. And yeah, we definitely plan on doing more of those. The next thing is what we're doing now, because a lot of people requested it, is we're hosting a free two-hour education course every single week. So the way that you register for this free two-hour course is you go to MyInvestingClub.co. So it's MyInvestingClub.co. And you have to reserve your spot for this webinar. It is limited seating every single week. So if you do not get access this week, don't be discouraged. Try again next week. This is a free two-hour course for non-MIC members. This is kind of our way of giving back to the community. So yeah, be sure to register. The best way to do it is to do it as early as possible. You should probably do it now while you're watching this webinar before someone else takes your spot. And yeah, that's that. The next thing is I'm still doing a giveaway in the month of September, where I'm going to pick one person who signs up at random to fly out to wherever they are in the world. And I'm going to take them out for a steak dinner. The way it's going to work is if you sign up for a monthly, you get one entry. You sign up for annual, you get five entries. You sign up for lifetime, you get 10 entries. And holy shit, this is S63. One of Bao's buddies has this car. It is fucking dope. That's a true boss car. Sorry, anytime I see a nice car, I get distracted. So yeah, free education, mindvestingclub.co. Steak dinner this month. We're going to pick the winner in October. All right, let's talk about trading, right? So this morning, I always like to start these recaps. I'm walking you guys through what I was thinking, how I was feeling, and what I was doing from beginning to when I started trading to how I ended my trading. I want to walk you through my process. So let's kind of recap. Today's Monday. Today's Monday. So over the weekend, I had a party. I had a house party. I had James come. I had Sam come. I had a bunch of friends come. So I was drinking. I was hungover all day Sunday, right? So here's the problem. When it's Sunday and I'm hungover, I just want to be able to get that shit out of my system. I want to be able to cleanse myself, get back to feeling normal so that when I wake up Monday, I'm still not feeling groggy. When I wake up Monday, I'm at my best performance. So what I did is I was hungover all day in bed. I just relaxed, did my thing. I made sure to go to bed early. I made sure to go to bed early around 9 PM so that I could wake up early. So I woke up this morning feeling good, feeling energized, feeling great, and then Yuma popped up on my scan. Like I saw it was moving. I saw that it was a stock in play. It was up 85%, 90% pre-market. First things first is I went to go get locates, right? And when I asked to see how much locates were, they were eight cents a share in the morning. They were eight cents a share. So I'm thinking to myself, is this play really worth it? Is it really worth it? Am I gonna make more than eight cents a share on this setup? And the answer is yes, I should be taking the borrow. Sometimes as traders, we feel that if we pay for a borrow, we're not gonna really use it or we have to kinda make sure that we take advantage of it. So what I did is I only located a starter of Yuma at eight cents a share, which was tough, it hurt me. But as pre-market kind of continued on, the price went lower and as I was more confident in the setup, I located more. So never locate your full size, especially if it's not a setup that you're very comfortable with. What you should do first is always locate a starter and if you need more, go get it unless you know that this is your setup that you've traded over and over again that you're comfortable with. So coming into the morning, I saw Yuma, I saw I was on SSR, which is the short sale restriction. And I also noticed that it was up in sympathy to the big oil move over the weekend. And I'm not a commodity guy, I don't know anything about anything. I go to the gas station, I fill up my car, I don't know shit about the prices, but I heard news that something happened with the Saudis and all this crazy shit and all these oil and energy stocks were up today. So it was my job today to find the worst of the worst of those companies and bet that they're gonna go lower, right? So Yuma is a stock that we've traded in the past. We know that it's kind of a toxic company. GBR is a stock that we've traded in the past. We know that it's a toxic company. So at this point, it's just a matter of being able to plan where I'm gonna enter, where I'm gonna exit and how I'm gonna trade it. So this morning, I also made sure to not locate a bunch of shares. So I am trying to, if I am uncomfortable in a setup or if I know that this is gonna be a tough setup and my normal max size is 10,000 shares, I'm going to locate 5,000 shares. I'm only gonna locate half of it because that is a way that I am managing my risk and that is a way that I'm keeping myself safe because had I used a bunch of size, I might have exhausted myself early. I might have screwed myself over early and by doing that, I would have missed the real trade. So using less size has been advantageous to me. So let's kind of walk you through what I was thinking today. GBR was my favorite setup today because there was a handful of locates this morning. There was a handful of them. And what I wanna explain is that if there is not much locates on the market, if there are not enough shares available to short in the market, there is less of a likelihood that the stock is going to squeeze. So for example, the way a short squeeze happens is when shorts are all stuck in the stock. When the stock is dominated by short sellers instead of long biased traders. Either way, this is my neighbor that got the Lamborghini stolen and the Lambo got found. So after I talk about this, I'm gonna tell you the story of how they found the Lambo that got stolen. So GBR is the stock that I knew that I wanted to trade because not many people had borrows on it. And if not many people had borrows on it, the likelihood of a squeeze happening was less likely. So I was more interested in that stock. So my game plan was $2.50, $2.50 cents. Half dollar mark, which is also lined up with resistance pre-market. So in the morning, I set my orders at $2.50. And believe it or not, when I was trading Yuma, my orders at $2.50 hit, I top ticked that shit and I covered at $2.07. So I made 43 cents a share on 5,000 shares in a couple of minutes on just that setup. And that was a back burner idea. That was a setup that I wasn't even fully focused on. I was focused on Yuma. So this was kind of a play in the background that paid me while I was trading the real setup that I was focused on. So I started off the morning with a very nice $2,000 cushion. And that cushion gave me the confidence and the ability to be patient and wait for this Yuma to set up the way I wanted it to sell because now I didn't feel like I had to make money. Now I didn't feel like I had to fucking do this. I was formal or whatever. So I made my money on that and I just left it aside. I was talking to Joe about it that I should cover and set a stop and I was gonna do it but then I just covered and whatever. So my entries are usually spot on but I need to work on my exits because I'm not patient enough. So GBR was a great trade, $2.50 line, nailed that shit. And the reason why I was so comfortable with that was because there was not much borrows out there which made it easier as a short seller to nail that stock. So let's fast forward to Yuma. Yuma went to $7 pre-market, $7 pre-market. If you look at the daily chart on Yuma, you will notice that at 6.50, there is a resistance level. So if you're in front of a chart right now, go back to the daily chart and look at 6.50, draw a line across it and you'll see why that level is so important. So for me, there was the 6.50 level that was important and the $7 mark that was important. If the stock couldn't break 6.50, there's no shot it's going to 7. If the stock can't break 6.50, that's a good sign. If the stock breaks and holds 6.50, the next level to watch is 7, right? So those are why those numbers are so important to me. So 6.50 was a key level. Now also draw a line through 5.90 pre-market. This was the support pre-market. This was the level that the stock bounced off twice, right? So draw a line now at 6.50 and draw a line now at 5.90. That's your channel, that's your channel, right? That's the channel that you're trying to look at. If it breaks 5.90, the stock is gonna collapse. If it breaks above 6.50, the stock is gonna go to 7. So for me, what I mentioned to the guys in the room is if 5.90 breaks, if that support breaks, and this is all timestamped in the room, if that support breaks, the stock is gonna have a very hard time bouncing, an extremely tough time bouncing. So how did I trade it, right? How did I trade it in the morning? If 6.50 was my resistance level, I had orders to scale up there. I took 30% of my size up there, 1,500 shares, and I had about like a 6.40 average. So here I am, shorting 1,500 shares at 6.40, and the stock fucking collapses. It collapses. 5.90 breaks, I add to my 5,000 shares, right? I add to my 5,000 shares. So here I am at like a 6.20 or 6.30 average with 5,000 shares, the stock broke 5.90. The moment it broke 5.90, it goes to 5.60. So what did I do? I locked in some of my gains. I locked in some of my gains, I made my money, and here I am up $4,000 on the day now, or $3,000. I mean, up $4,000 or $5,000 on the day. And that's great and that's good, but here's the thing. When I told myself that 5.90, if that level broke and the stock wasn't gonna bounce, the stock was still up 80% on the day even after it broke that level. So there was still so much meat on the move. I mean, so much meat on the bone that I felt like it was my obligation to attack if the stock bounced, right? If the stock bounced, I would reshort. If the stock didn't bounce, no problem, no problem. So what I also like to do, what I also like to do is this. If I have an incredible day early on and an incredible day is all relative, it could be $500, it could be $200, it could be $1,000, right? It could be all that stuff. So for me, whatever I make over $2,000 very early in the morning, I tell myself, hey, it's time to size down. So now my max size goes from 5,000 shares to 2,500 shares, right? It goes from 5,000 shares to 2,500 shares. And now, because I'm using less size, I am able to be more diligent. I am able to be more patient. And if I'm wrong, I'm not gonna lose that much money, because my size has been cut down. So I basically waited for the stock to collapse. I posted in the room that on the five minute chart, the stock was supporting and not to really be shorting it or not to really be touching it at these levels. The stock bounced, I shorted at 540, near that $550 half dollar resistance mark. And that's, I'm hitting my money again, right? So I made I think two or three trades on the stock and then I noticed myself getting sloppy. And what does that mean, getting sloppy? I was trading too much. I made at this point, after the second reshort, I was up like $8,000 on the day, right? I was up so much money. And that gave me the confidence to be able to nail it. It gave me the confidence to say, hey, I'm gonna keep shorting, I'm gonna keep doing it. I wanna get to 10,000 on the day. 8,000 is not up, I want fucking 10,000. And I slowly said, hold the phone, man. Like, what the fuck are you doing, bro? What the fuck are you thinking? You want 10,000 dollars? You made 8,000, you want 10,000, you greedy fucking bastard. So as soon as I fucking recognize that in my head, I cut it off. So Cobra, cut me the fuck off. I don't want to fucking be doing this. I don't want to be, I am done. Cut me off, game over, done. So recognizing that you are doing something wrong is important. I had Joe reach out to me, I had Bao reach out to me, I had everyone say, hey, time to slow down, time to relax. Because at that point, I am drunk. At that point, I am not thinking clearly. At that point, I feel like a baller that made all this money that I'm gonna make more money because when you're hot, you gotta keep fucking going, right? So for me, what I've noticed is the longer you stay in front of the screens, the longer you stay at the casino, the fucking faster you're gonna lose your money. So I cut it off, I locked it up, and I walked away, right? So let's review, right? Let's review. GBR, not enough borrows in the market, shorted 250 line, draw a line across 250 pre-market and see why I shorted there. And the reason why I covered it was because there was a whole dollar support at $2 and I wanted to front run that and cover that, cover that like 207. Yuma, 650 line, very important pre-market, draw a line across it. 590 support pre-market, draw a line across it. That was my channel. I took a starter 30% size towards 650. As soon as it broke 590, I added to my full size, covered on when it went down, let it support. When it went for a dead cap ounce, reshored it again with half size, covered again for another like fucking so much money. It's crazy to think about it now because like when I'm sitting in the chair, something that's very important to recognize is I'm not looking at the P&L that I'm making. Yes, I have a rough idea. I could do fucking basic math in my head and I know how much money I'm making, but most of the time what I do is this, as soon as I'm in the trade and I'm done, I look like that, I look back and I'm like, holy fuck, I'm up $4,000, great. Like that's also a problem because if you see how much money you're up, either A, you will get influenced by it or you will start to trade emotionally by it. So I don't want to fucking look at the numbers that I'm making. Obviously I have a rough idea how much I'm making, but when I see fucking $8,000, I'm saying to myself, come on, bro, go to 10,000. You can fucking do it, go to 10,000. And then when I try going for 10,000, you know what happens, I'll fucking lose 10,000. So anytime you feel yourself trying to go for more, anytime you feel yourself getting greedy on a setup, have your trading accountability buddy, communicate with you, tell them how you're feeling, tell them what you're just doing. To be honest with them, because the whole MIC room keeps me accountable. It was one message by Joe that said you're trading too much that clicked in my head and said, you're right, cut it off. No questions asked, take the ass, get the fuck out of there, cut it off. So having someone that keeps you accountable is what is important. I was talking to Bao after the trade was over, right? And I was talking to him and I was like, bro, if I'm being 100% honest with you, I wasn't even thinking when I was trading today. I wasn't even thinking, it was an instinct. It was a reaction. I found myself reacting to the setup. I found my trader instincts taken over. You know, when you've been doing this for almost six years now for me, instincts take over, right? Bao's been doing this for almost 20 years. His instincts have taken over. So when you start to trade based on your instincts and when you start to do this so many times and so many times and so many times that it just sticks to your head and you know exactly what to do without thinking, that's kind of the level of enlightenment that you get to in trading. So again, I always pre-plan my trades. I always get to fucking make sure that I know what I'm doing and I'm not just trading with my fucking eyes closed. It means that when I know that the setup is my setup and when I know that the stock has broken down, it is my obligation as a fucking trader to nail that without being greedy. The moment I get greedy, it is my biggest issue as a trader. I have no problem talking about it. The only way to solve a problem is to talk about it. I think it's because I'm young and I want so much that I become greedy and I say 8,000 isn't enough. I want 10,000. 8,000 is fucking someone's rent for the year, bro. Yet it's not enough for me. So I always have to remind myself to humble down, humble down, humble down, take the money, take the money, take the money. You made 8,000, fuck you for wanting 10,000. Fuck you for wanting that, bro, right? So it's only through years and years and years of learning these lessons and going for that $10,000 a day and losing the money to recognize that I'm so sick of it that I just want to make my money and run away. And that's why these videos help. And that's why these read caps help. It is because I am here to keep myself safe, right? It is, I am doing this to help people but selfishly also to help myself stay safe. Because if I stay in front of that computer, you better believe that I'm either gonna make 10,000 and want 13,000 or I'm gonna lose 3,000, get to 5,000 and say, fuck, I should've just stopped at 8,000, right? 8,000 dollars a day, that's $2 million a year. I could buy fucking four or five Lambos with that. Yeah, it's not enough, you fucking sick fuck. That's the problem, it's greed. So recognizing my problems and trying to improve them is what I'm doing every day. It's, yeah, it sucks to feel, it sucks to have flaws as a human. It sucks to be greedy and emotional but I am trying to fix it. I am trying to be proactive to do the right thing to improve because there's someone else on the other side of the screen that's trying to improve more than me, right? So any questions about that? Also, I saw a question about the webinar and a free trial. We don't offer free trials, I don't know where you saw that. There's no free trials or anything like that. We don't do that stuff. So I don't know what link you're looking at but again, the two hour free educational course is at myinvestingclub.co. Oh yeah, so, how you doing? Mother fucker, I think I'm crazy. So let me talk about the meetup. So the meetup in New York City went so well and we actually enjoy doing these meetups. Again, we don't charge for them or anything like that but we have kind of something special coming up. So on, I think it was about September 30th or September 31st, whatever the Monday is, I think it's September 30th, Monday, whatever date it is. We're gonna have a meetup in San Jose, right? And the reason why you wanna come to this meetup is because believe it or not, I was the second person that bowed mentor to become a millionaire. The first person that bowed mentor moved to Turks and Caicos and was a baller and living his life and we never really heard from him again because he was just chilling but believe it or not, he's coming back from Turks and Caicos. The meetup is Monday, September 30th. He's coming back from Turks and Caicos. This guy made a million dollars in one day with Bao on the Fannie Mae trade. He's made over eight million overall trading with Bao. So this is Bao's kind of first millionaire guy that he taught and I am the second guy that he taught and MIC is the third generation of people. So imagine three generations of people Bao has taught how to make money, right? So this guy, I won't say his name, I won't give you any more details about him but this guy will be at the meetup on September 30th in San Jose to talk about his process and talk about how he's gotten better at trading and talk about what Bao has taught him on his journey. So again, this meetup is 100% free. We're not gonna sell you a fucking DVD. We're not gonna sell you anything. You get to come, network, meet and yeah, that's it. That's it. We're gonna talk more about this probably tomorrow and tomorrow's Instagram live that Bao does. But yeah, September 30th, marker calendar, San Jose. I am even going to fly in into San Jose. I personally hate flying. I fucking, it sucks. It sucks for me. I don't wanna fly six hours away but it's worth it. It's worth it because the moment that I see all these traders and the moment that I'm there helping people out, it makes it worth it. It's probably gonna be Monday. I don't know what time it is yet. Bao is still working on the details but as soon as we get more information, we'll let you guys know. I want to kind of mention just so that you can kind of mark your calendars and make your arrangements if you have to. Let me see one sec. All right, let me see. All right, so I'm walking, I'm doing my second lap. So I'm walking past the house of the stolen Lamborghini. So let me might as well explain that story. So a couple of weeks ago, my neighbor here, their gate was broken into and someone stole their Lamborghini Aventador SVJ, a $750,000 Lamborghini. They pretty sure they cloned the key and they just fucking walked in and stole it right off there. The owner was not home. This was his second home in New Jersey. He's got a G-wagon outside. He's got a Lambo, he's got Range Rovers. It must be nice to be a baller like that. But this was his second home. So I don't think he even knew what was happening when it happened because when you turn on that car, it'll fucking wake up the entire neighborhood. So they broke his fucking gate and in four minutes, they fucking stole his car, took it away. And what I thought they would do is they would take it to a shop shop. They would send it to China. They would do whatever they can to kind of hide the evidence and get rid of it as fast as possible. So as I'm walking past the house right here, as I'm walking past the house, you know how they found the Lambo? So there was this in New Jersey where I live, there was a town called Newark which is not really the most high end town here is a little bit sketchier. So what ended up happening is there was a Jewish man that went to go look at an apartment that he bought or a not an apartment, it was a warehouse that he bought, right? So he purchased like a warehouse or something like that and he went to go look at it and this is the house. It's fucking matte black G-wagon right there. Lambo's back in the garage where it should be. So this person went to go look at the warehouse that he just purchased. And when he went inside to this warehouse in Newark, he saw a bright yellow Lamborghini Aventador SVJ in there. And when someone stole that car, when someone stole the Lambo, I assumed that they kept it in warehouse that was abandoned so that in before they either ship it away or send it to the chop shop, it's there hidden so that no one else can find it and it's away from the roads and maybe they're gonna strip it up and this and that. So this guy, he goes and he thinks to himself, oh, I bought the warehouse. The nice guy included the Lambo free with the warehouse purchase. That's so nice of him. Thank you for including the Lambo in my warehouse purchase, right? So I'm pretty sure he goes to register the car or he goes to fucking get the car like whatever it is. And then they find out the car stolen. There's obviously a missing vehicle report on that stuff and then believe it or not, the car gets returned back to the owner. The Jewish guy had no fucking clue what the hell was going on. He just thought he was a buy a warehouse, get a Lambo for free sale. So yeah, the car is back and I don't know if the car is dinged up or messed up or anything like that but it was parked right outside the other day and yeah, crazy fucking story. Crazy story. I can't believe they found it. I guess the robbers, if the robbers were smart, they would just fucking sent it out of the country or something and I guess in between the time that they had sending it out and storing it, someone found it, someone fucking found it. So yeah, that is that. So I'm gonna kind of wrap this up. I like to keep these videos short and sweet. Remember, free steak dinner giveaway. If you join in the month of September, I'm gonna pick someone at random. Free two hour course for non-members at myinvestingclub.co. Reserve your seat because again, space is limited every single week. Every single week space is limited. So if you reserve your spot, please show up because you're taking it away from someone else's spot. So yeah guys, thank you so much for watching and tomorrow's Instagram live with Bao will be about the meetup more in detail. So thanks guys, thanks for showing up.