 Let me actually get started, guys. All right, what's up, guys? Today's Monday, October 18th at 11 a.m. Today's YouTube Live Day. So a couple things I want to get started, a couple things I want to talk about before we get started is we are actually running a free educational webinar course. So if you go to myinvestingclub.co, that's .co and not .com, you could register for a free hour webinar that we educate you on the basics of trading. You get to see a live trade from me there. You get to see pretty much everything that you're gonna be able to know if trading is right for you or trading's not right for you. If you are already in MIC, you should not watch this. This is for the brand new trader, the brand new YouTube subscriber, the brand new person. Go to myinvestingclub.co and if you watch till the end of the webinar, we give you a free mini course for some of our member-only videos. So again, if you are an MIC member, do not watch this. You already know this stuff. It doesn't matter for you. This is for the brand new trader. It is a free one-hour day trading course that we are running. There is only a limited amount of seats per week. So go to myinvestingclub.co, register, reserve your seat, stay till the end and get some of our member-only videos. So that's number one. Number two guys is the main topic of this video is how to make money on slow days. So the market moves in cycles if you haven't already realized. Some of the cycles include the longs are in control, the shorts are in control, the large caps are hot, the small caps are hot, Bitcoin is hot, right? Cycles, cycles. So 2020 was a historic year in the stock market. We had stocks gaping up 500%, 800%, 1,000% crazy. Longs and shorts were both making crazy, stupid amounts of money, which is great. Everyone made easy money in 2020, right? Easy money. So the key is what happens after you make that money. The thing that we teach you guys in MIC is the power of risk management. Any idiot can make money in the stock market, but not most people can keep the money in the stock market, right? And that is what we teach. We teach you how to keep the money. While others are teaching you pump and dumps, all this stuff, we teach you how to keep the money. And this is also explained in our free webinar at myinvestingclub.co.co.com. Anyway, so in 2020 everyone made money and here we are in 2021 and the market has changed. Now no longer can you close your eyes and throw a dart and make money. Now no longer can you just get lucky. If you get lucky the next day, you're gonna bleed out your money because you don't know what you're doing. So 2020 was hot, 2021 is hot. I made probably double or triple the amount of money in 2021 that I made in 2020 because I have elevated my process. I am no longer, I am no longer trading random setups. I am no longer sizing into random setups. The only setups that I size into are sympathy plays and first red days. If you have been a member at MIC for over six months, I would say, you would see that whenever a first red day comes up, God willing, knock on wood, those are my six figure days. I'm back for singles. I make $1,000, $2,000, $3,000, $4,000 a day. And then when we get an AMC, I make 700,000. When we have a DATS, I make 150,000 because those trades guys are the ones that I make the most money on. So what you have to realize on hot days, slow days and market cycles is this. Your job as a professional day trader is to wait for your best opportunities only. Just because you show up to the market does not mean you're guaranteed a paycheck. Day trading is the only business in the world where you could work 50 hours a week and then you would have to pay your boss. You would have to pay your boss with losses, market tuition, right? So trading is a very lucrative business, guys. But you have to realize that it is only lucrative if you could do it correctly. If you notice every single day, I'm not making 10,000, 50,000, 100,000 every day. Today I made 4,000. Slow day, 4,000, great amount of money. Had I even made $500 today, great amount of money, doesn't matter. The reason why we do this and the reason why the motto is size into the best and scalp the rest is because every single day is like practice for me. It's like the normal season games. Imagine you're playing any sport. You're playing football. It's the regular seasons games, right? The Giants are playing against, I don't know, the Eagles, let's say, right? Those games, although they are important, they don't determine who is the champion. The Super Bowl is where the champions are. So those regular season games, those regular season times are just normal day-to-day business, right? And then when the Super Bowl comes up is when you get serious. The Super Bowl for me, guys, is a first red day or a sympathy play. For you guys, your Super Bowl may be a death line. Your Super Bowl might be a breaking news trade. Your Super Bowl might be a first bounce. Your Super Bowl might be a deciphering appear. I don't know what your Super Bowl is, but what you have to realize is by tracking your statistics, by seeing what works for you over and over again, there's free tools out there, trader view, all this stuff, but you as a trader that is developing, I think that maybe for the first six months of your developing career, you use data tracking. Now, if you go to the MIC Video Library, here, I'm gonna show you guys because for some reason, I guess you guys don't understand how to use the video library, so I'm gonna show you. So what I wanna do is I wanna show you guys the video library very quickly. So go to myinvestingclub.com, go to videos. Up here in the search bar, you're gonna type in data. So if you look, you're gonna type in data. You're gonna hit search. And then these are all the videos that you could use to track your data, about four pages of videos, right? So come here, this is a data tracking, building your criteria, trading basics, episode 15. So the point I'm trying to make with this data tracking stuff, guys, is find out what is your most profitable setup first. Before you use size and day trading, find out which setups you are consistently making the most amount of money in. There was a lifetime member that posted the other day, I'm sorry I forgot your name, but there was a lifetime member that posted that, anytime he trades easy to borrow, anytime he trades zombie times, he loses money. So because he tracked his data, because he found what setups work for him, that is when we started to realize he's making most of his money on low hanging fruit, he's losing most of his money on SSR and easy to borrow. So eliminate SSR easy to borrow, double down on low hanging fruit. The only way you could find that is if you track your statistics, right? And we have free videos, we have education, go to the data tracking, episode 15, trading basics. What I found on my data, guys, what my data tells me is 10.30 a.m., I lose money, okay? 10.30 a.m., I lose money, so I stop trading after 10.30 a.m., right? That's number one. Number two is I found out that I make the most amount of money on first red days. So if that's the case, let's keep it simple. Size in to first red days only and do not trade zombie times. If you guys realize those are pretty much my most basic rules and those most basic rules have yielded my exponential results, thank God, knock on wood, right? So I'll give you an example. Today I made $4,000, I used about 2,000 to 3,000 shares max size today, and that was a normal day-to-day regular season game. When DATS first red day showed up, I used 50,000 shares, okay? I used 50,000 shares that day because I had an edge. It was a first red day setup. It was a sell the new setup, but you don't see me trading 50,000 shares day-to-day on this random crap because that random crap is not big edge. You can make money on it. We make money on it daily, but you're not, if you try to shoot for home runs every day on these sub par setups, maybe you're gonna hit a home run, but most of the time you're not. So tying back to the main topic of the day, which is how to make money on slow market days, is let's keep it simple. Does a slow market day have an edge? No. Does a slow market day have a lot of volume? No. Does a slow market day have a lot of action? No. Does a slow market day have a first red day? No. So if all of these criteria are telling me that today as a slow day, I don't have much opportunity, do you think I'm gonna be using 50,000 shares or do you think I'm gonna be using 2,000 shares? And that is the main point of this video is to show you and educate you when you should be using your size, when you shouldn't be using your size and when you should just be okay walking away, man. Today I had, I think it was like, let me see. I had like four winning trades and one losing trade. Each winning trade was about $1,000 a winner and the losing trade was like a $500 a loser. So the point that I'm trying to make guys is I'm very, very methodically, very slowly trading on slow trading days because in the past, in the past I've made every mistake in the book. I promise you after almost eight years of trading that I've been doing, I promise I swear to God and all the trading gods I have made every mistake in the book, not once, not two times, I'm a dipshit, I have to make the same mistake at least 10 times to learn, right? But after that 10 time that I make the mistake, I learn. I've made every single mistake, I know exactly what I did wrong and that was my market tuition. You guys as aspiring traders, you guys as new traders, you guys as traders trying to improve the reason why you join MIC, the reason why you wanna learn from us is so that you don't have to spend hundreds of thousands of dollars losing, millions of dollars losing to figure it out, right? You learn from those who have a loss so that you do not have to lose. So the point is guys, on slow days, I used to trade large cap stocks because they were moving. On slow days, I would oversize to be able to compensate for the low market action. On slow days, I would trade random crap. On slow days, I would trade past zombie times. And through those mistakes, through those losses, through those lessons, I have now leveled up as a trader to just slowly make money, size down. And hey, if I don't make $10,000 today, it's not the end of the world. It doesn't mean that my trading is flawed. It doesn't mean that I suck as a trader. It doesn't mean that my strategy doesn't work. It just means guys that it's slow day. It's a slow day. Trust me, like a lot of traders, they get in their head, man. They try to, they overthink. They're like, oh my God, my strategy's not working today. I have to change my strategy. Like, like there's a big problem here guys. My strategy doesn't work anymore. It was working yesterday. All of a sudden it doesn't work today. What the hell is going on? The point is guys, nothing is wrong with the strategy. The strategy has been working for years. It's just a slow day, so admit it. Take it slow and use the off time after 10.30 to just catch up on work. Maybe go out for lunch. Maybe go buy your wife flowers. Get any excuse to get away from this goddamn computer because this computer, although it is our ATM machine, it is also our prison. We are prisoners to our computers guys. So on slow days I like to get out and get a nice lunch. I like to respond to questions. I like to catch up on MIC work. I have now adapted to the point where I don't feel like I have to make money every day because if you feel like you have to make money every day, if you don't make money, you feel less of a person. You feel less of just everything. So if anything, this video, this lesson, this education should tell you number one, track your statistics. See what trades are working. See what trades aren't working. Size up into the trades that you are the most profitable on and eliminate the trades that you are not the most profitable on. I am a terrible long trader. I have a mental deficiency when it comes to longs and I am a moron after trading 10.30. I start to turn to a gambling addict at 10.30. So these are my flaws. Because these are my flaws, I say fuck you and I stop trading them, right? That's the main thing. So I patiently wait for first red day setups. I patiently wait for sympathy plays to size in on. And then when those plays aren't there, day to day, thousand, $2,000 a day. And remember guys, $4,000 a day is a million dollars a year. So thank God even on a slow day, if we do this right, you can make a million dollars a year. So those are the main topics I wanted to talk about guys. I hope it added value. So now what I wanna do is I wanna open up to a Q&A. Let's do questions from the audience and let's take it from there. And again guys, brand new traders, aspiring traders, people that wanna see how we do things in MIC, myinvestingclub.co.co.nott.com, and you get to watch our webinar. Hey Alex, do you have any suggestions on impulsive trading? I found myself, I like to fight with a stock until I'm proven right. Number two things, number one is get rid of your ego. If you want to be proven right every single day, you will go broke. The only thing that is right in the market is the market itself. You will never, ever, ever be right. The market is always right, you just must follow the trends. So number one, get rid of your ego. Number two is if you are trading impulsively, it means you have no plan. It means you are winning it. It means you have no process. So make sure that you get rid of your ego, use hard stops, plan out your trades, and get a tap. Get a trading accountability buddy. And how do you get a tap? Go to the trading accountability buddy section in MIC, say I want a tap. Why did I avoid IO? It's because it had high institutional ownership. Can you explain your slow trading day setups? I mean, that's what I explained for the earlier 15 minutes of this video. Do you avoid SSR tickers on both day one and day two? You could trade SSR guys, but you must size down because SSR tends to be manipulated. I need to be patient, wait for the backside. Is that our mind hack they use to wait for the backside? The 30, 70 rule guys. The 30, 70 rule means 30% of your size is above VWAP. 70% or more of your size is under VWAP. So use a 30% rule and that'll help you be patient for the backside of the trade. If your low-key fees are eating up your profits, doesn't mean your exits are too early. If your low-key fees are eating up your profits, it probably means you over-located or paid way too much for a locate. I only locate a stock. If I know I can make two times a locate feedback. If you do not think that you can make two times a locate feedback, do not take it and do not locate full-size every time, man. How do you identify algos in the tape? I mean, to be honest guys, the tape is manipulated. The way you could tell the algos are there is from high volume, high volume trades. Algos play ping-pong with each other. So just looking around, LMFA is still above five. Did I not short HX? To be honest guys, to be honest, the reason why I didn't short HX is I really just didn't care for it. I thought LMFA was a better opportunity. I thought all the other trades were a better opportunity. So I focused there. I was wrong in LMFA. I lost like 40 cents, no, 30 cents a share. I lost like 500 bucks, 600 bucks, but I still made a bunch of money on other place. So any more questions, guys? I hope these videos are helping you guys. We're trying to take MIC to a new direction. We want to value add, we want to provide education. The goal of these videos is to provide with enough free education so that you guys could eventually afford an MIC membership. How did I make 4K with 2,000 shares? I made 1,001 stock, 1,500 on another stock, 1,200 on another stock. You know, it adds up. I make 4,001 trade. If you join MIC, you can see my charts of my exact trades. And fuck it, I'll just tease you guys. I don't give a shit. I'll show you guys some charts. So this is MIC. And then if you go to the chart recaps and fills, let me scroll back until I find some of my charts. So this is my VALN trade. This is my CEI trade. This is my AVTE trade. So everything is posted there for the members, guys. I trade, I educate, and then I post my wins and my losses. What I am most excited for, to be honest guys, is I am excited for Bao's rants to come back. I was actually rewatching one of his older videos, the FAQs of day trading. And what I miss, Bao, what I want to see more from you, Bao, is I want to see more life coach videos. I want to see more life mentorship videos. I want to see you ranting about just life and education and lessons, because back in the day, those FAQ videos were just life lessons from a life mentor. And I think we're long overdue for those, Bao. Can you explain SSR? Go to Google, type in SSR, or join MIC and watch SSR. I can't be explaining that stuff, guys. Hey, Alex, do you set your fantasy orders at VWAP? I notice you hit a lot of VWAP rejections. What I do is I set a starter at VWAP and I like to add if it confirms. Alex, those four stocks you trade today, were they fantasy orders or regular orders? It depends, like ANY, I waited for it to test A and then it rejected and then I shorted it, whereas LMFA was more of like a fantasy order. It depends, guys, but the point is every single trade, I had a plan, okay? I had a plan. I had a plan in case things went right. I had a plan in case things went wrong. Yeah, Bao, those life videos, those coaching videos, I think that's what we need. I think you've been ranting for years now. I get it, everyone pisses you off because there's so many scammers out there. I get it, trust me. But you know what, bro? Enough is enough. I think that life coach stuff helped me. The life mentor stuff helped a lot of people. Bao is the type of person that he's been in every single possible scenario that you could imagine this guy. This guy's had flat tires. He's been in Korea. He's been in Asia. He's done crazy. I can't even, I literally can't even explain the shit that Bao's done because it has to be censored. It has to be censored because of all this shit this guy's done. But the reason, the point is, is that because of these censored things that have happened, he has learned so many life lessons. He has taught so many people so many things. And I think it's about time that we brought back the life coach because Bao, you are truly a life mentor and a life coach who is an incredible day trader. So guys, I think I'm gonna wrap it up here. What I wanna end on is two things. Number one is leave a comment with one lesson that you learned from this video and I'm gonna pick someone to win an only trade shirt. So pick one lesson that you learned. Leave a like on the video. And additionally for all my annual and all my lifetime members, I want to do a trader clinic sometime in November. So please, if I forget, just remind me November Trader Clinic coming. And Trader Clinic is our exclusive annual and lifetime member only webinar. So I'll see you guys November Trader Clinic. I hope you guys have a great day and this is what my setup looks like. Later guys.