 What's up guys today? We have Becca on the podcast. She is a long swing trader and she has also done some intraday longs as well She found MIC in the early days and has been to two boot camps And she has also been very active in the MIC community. So stick around and listen up and enjoy What's up guys today? We have Rebecca Rebecca is a long trader and I'm also a long trader too and So we just decided to kind of do it like this as well James is not It's not available right now for for the past week. He's just been like working his ass off at those fucking barbershops. So Yeah, we're just gonna kind of Kick it off. Just talk about like longing our journey experience. Nothing too crazy. So Yeah, Rebecca, maybe you could talk about like how you kind of found MIC your journey maybe before MIC Getting into longing and stuff like that Yeah, I think it was I want to say 2019 I Found it through like Twitter. I've been following Val and Alex and I like how How I don't know Alex represented himself on Twitter Then shortly after I went to the sandwich I made up because I was so really new into trading I didn't you know, I didn't I didn't want to be like, okay What am I getting myself into is it like can you make a career out of it, right? It's a long-term thing. So I went to San Jose and and that's Not a couple people people are so talk to you Honestly, it was like really underfunded. I just wanted to kind of I Don't know just experimenting stuff and I Also didn't have an edge. I didn't have a grasp on position sizing a grasp on But I also didn't have a lot money for my name So it's like I'm like, you know, I didn't have much to lose. It was just like showing up every day every day and I was also Working in the evening. So it's like, okay I can stretch my time to show up to the market in the mornings work in the evenings and on the weekends Go everything I learned. Yeah, and I did that for like stuff, I did that for like three three years and I started to see like My decision-making was getting better my My entries and exits are getting better but I still didn't have a really good grasp on risk-to-reward ratios and My own expectancy my equity curve like it was just kind of like too Random I also have to shift kind of insecurities with like money and risk because I was so risk-averse and Also getting my own personal finances in order So I didn't have to worry about certain things and that took time But it was cool having this community because I could talk to Aloha and I know I rented Ranted with Aloha for sure about like, hey, like what's you know And he had a lot of good advice and then I'd see your trade and a lot of times like they'd actually link up Or like I'd see what you were doing but loco is doing and Believe you guys are the only one guys that I know Yeah, yeah, there are a couple other different guys, but like I think me and Austin are like the main ones who like They're like talking to people like a lot, you know, yeah, so I took notes on that And I got my my finances in order finally after like some time And it's just been like observing learning forming my own strategies And in progress, it's kind of interesting to see like I remember when I Met about Jose. I was trading like a hundred shares and like ten dollars was like what I was playing with like And now it's not different which is pretty cool my message bow. I was like, yeah, I remember when when we first met like a mom, you know what you learn and It's taking my time now Yeah, pretty comfortable pretty comfortable with what I'm doing. Yeah, of course. I want to test myself, but I also have less Discipline issues that's for sure I don't really have any I just stick to my rules. It's just so much easier when you stick to your rules, you know Kind of think about it like Like working out in the food like if you don't bring the fat the bad food home There's no reason to break a rule like it's just not gonna happen, you know, so that's kind of why I see Yeah, in the stock market. So like what kind of setups did you like start with in the beginning? like what what did what did you kind of start with like in the beginning and then like transitioning to kind of like Like what you're kind of like starting with now, you know, like was it more like first bounce like the dip and rip type style stuff Like day ones or like was it something else? It was definitely the bounce. I started to See progress there, but I didn't stick with that shy due because it kind of just ended up Formulating my own in a weird way Honestly right now what I do is mostly multi-day breakouts I don't actually participate on the day one momentum move I'll wait a couple days for that trade to develop When I'll actually kind of swing them now too, which is much different from what I was doing before But for with my own decision-making it just works best my just Because I'm much more passive. Yeah That's kind of how I found my my my edge. Yeah, just with those kind of like multi-day breakouts Yeah I'm kind of like curious about how you kind of like approach some stuff like that Like you don't have to give way anything or anything like that But like how do you kind of like approach those type of style trades? Okay, so I just give an example of like what recently happened not that long ago with a few runners like DBGI is a good one ENSC is another good one. You'll see full of those charts They're kind of almost identical under momentum. I did not participate on both of those on the first day one move But I mean things are holding right now. So it's good to use that in your favor, right? And definitely don't disregard them after the first day keep them on watch Yeah, and that's what I was doing and on the third day is when I participated into the trade we're seeing low a day and Get probably 20 to 30 percent return on your money I'm much more comfortable with them because I've seen them happen over and over and over again So my execution it's just I mean it I understand the movement. Yeah, so Yeah, that's that's what I do and I get I'm much more passive or really slow in my decision-making So I'm not really taking too many trades throughout the day Even I might not even take the trades the other day. I may be just managing something that I'm holding a couple days before Yeah, yeah, yeah, I find with those type of multi days It's a lot different than like short in the day ones or anything because they're so boring Like you're you don't have as much moving on the tape. You have maybe like a you know, like five to ten cents spread There's not a whole lot going on but for from my experience like I've been watching a couple of them as well and and like trading them as well for me, I like to trade them kind of like Like something like DB GI I'd rather trade it like when we start to kind of like push up and get some like volume if that makes any sense Like no for me I'm the most confident like not necessarily long yet support But like if it starts to grind back up and then we get that kind of volume on like the first day DB GI was an interesting one because like it kind of like had a pretty active pre-market So like I didn't really know what to think about that one But yeah, there have been a couple like I don't know if you saw like EUDA was the one where it Went from like 14 down I think to like all the way down to three and then it started to kind of grind back up and push back up And then we got that move from like four to six or something like that I don't know if you saw that one or not. But like those are the ones that I'm kind of interested in where You know, we have like a day one type of setup a day one kind of volume We move a little bit lower and then we start to kind of grind up higher Or maybe like have some volume in the pre-market or maybe we're kind of like grinding back up And then we get that like push off the open. That's kind of my favorite type of setup It's interesting because after a while like just being an M.I.C. I Notice how you trade and I just I'm like I don't do things like that though Like it's weird like I know it works for you and I noticed also how like a low-haul chairs Because you're all long and I'm like I see it but like I could never execute it like the way it works for me Like I'm just not my trade, you know It's interesting, but yeah, I definitely notice your style of trading and and again We're both we're longing, but it's just so different like we don't have their like personalities in the market Yeah, exactly where like Austin he loves those strength buys on the day ones, you know, yeah Loves to buy and I like the strength buys too, but like I prefer them on like a multi-day setup like we just talked about where like You know where we're kind of we've established that low and now we're starting to grind higher And we might get some volume and then when we get some volume like in the morning at like 931 I'm like, okay. Fuck. This is it. I'm attacking it like let's go Those are my kind of favorite strength buys That's interesting again like cuz I'm so slow like I literally have the trades plan a couple days before If I know I'm gonna take them right rather than because it worked for me because I found myself that I just can't make those quick Like bow, I see him like in and out and just nailing it I'm just like my brain would fry like literally of all those decisions. I have so much decision fatigue So knowing that about myself. I just don't do that and also my you know You can see it in your statistics like definitely what you're good at and what you're not good at And so I'll just double down it where I'm good. Yeah, cuz for me like I find like like Like before like I've kind of like eliminated it now But like on those ones with like a really slow tape or like it's in the afternoon That's where my kind of win rate decreases cuz I'm like folks. It's gonna be the move This is gonna be the move so like I kind of need to and maybe that's just the difference between like a guy And like a girl, you know, the girls are like a lot more patient Like they're able to like chill and like, you know, the grinders or whatever but me it's more like I have to like put myself in a position pre-market where like I Know where I'm going to like be like I know where like my edge lies if that makes any sense Like I know the stock. Yeah have that potential Whereas if I'm in the afternoon and I have all the stocks that like didn't run or didn't do anything And they're on my screen. I'm like, hmm And maybe they just took out some longs and they're gonna like reclaim VWAP and then we're gonna get this good afternoon long I'll like come up with a story in my head that like just doesn't work And so that's why I just take those off my screen completely because like we get a pop and then we start to fade And I'm like fuck, you know, this is the one this is going to be the afternoon long That just squeezes out everyone and it's like no no you got to take those off your screen You gotta eliminate those You know at least for me That's interesting. Uh, yeah, definitely following the ones like that are in play Which is very different from me because like I mean just the other day, like I think I took a trade on feet Yeah Nobody nobody was looking at that one. It's like a really slow mover I went for a couple days and I'm not you know, but those trades takes like Again, sometimes I needed being chill like, you know developed idea Um, definitely not just like jumping into it. It's weird because I've expanded my time horizon when I started I was really like, you know Quick with my decision making now it's like much longer But I think over time like you like definitely figure out Okay, again, what what you're like again because I'm so much more positive of like my time frames are just I mean I can hold things for maybe a day two days three days if the idea is still playing out Yeah, and depending on you know, what day did I enter? Whereas before I remember when I started it's so weird like your journey of trading like when you have no um What's it called? You can't even work in sort of a minute. Yeah, it's no experience nothing now. These are like, I'm like, oh That's not me anymore. Yeah, you know, you kind of like you kind of evolve like oh, yeah Yeah, and I think like as far as like I'm not necessarily like Very good at those type of setups and that's why I need that like Volume that confirmation like I almost need to be like in aloha on those types setups, you know, yeah whereas like, uh You know first bounce. I'm like eagerly waiting for support like waiting for that kind of uh Support not that there have been a lot of great first bounces anymore because like For me and how I find it in this market like you're either in before the pump like on your kind of strategy You know, you're always going to the end before there's a move that happens, you know And I find that you're either in before the pump or you're going to get dumped on You know, like could you imagine chasing your setups at the highs? You know, that'd be crazy, right? Yeah, no, but you know, you definitely have to go through all those mistakes and I'm really glad I made them with like You know, $10 $15, you know Uh a lot of trial and error and again, I'm really thankful for the community because of the community because trading can get like frustrating stressful Lonely, but when you have so many people to talk to It just makes it like You know, I'm much easier, you know, because people get it, you know, people get you and um, I've definitely made a lot of friends I might see Yeah, but I probably would have never made like in my little hometown to be honest Like yeah, probably would have never happened So and it's cool to you know, talk to people that have a similar interest and stuff. I've got could After a while, I'm like, okay Like I got like, you know work you have your colleagues, but in trading you have your your partners your tabs and people who talk to, you know Yeah Yeah, do you still talk to uh, Brittany Rose at all? Oh, you know, like I talked to her We've dm and I see she's traveling and stuff. Yeah, it's just pretty cool, but um Yeah, not that frequent, but she's killing it with the traveling. It's awesome. Yeah. No, I mean, it's pretty cool Yeah, go ahead. Go ahead. Oh, I was just gonna say I was yeah, I remember Yeah, you got something out at the meetup or something like that Yeah, we went to we had a I remember in Philly it was Flash uh, and Brittany we all shared a room. That was fun. Oh, like things like that Like I probably would have never done if I you know, you have a community or something like that. Um And even like taking time to like take a month off or like You know be here for like a month. It's pretty cool. You know, right? Yeah But that's the time I like just a lot of hours of Watching the market like consumed Yeah, no, I know what did you know? Yeah, we were trading day ones Like what would your advice be to anyone trading like day ones? Like because you used to you used to do pretty well on the day ones where they would kind of come up They would base and then they would kind of pull up in the afternoon I don't know if you remember those types of trades that you would do or not. I do Do Tape and volume Tape and volume like I feel like you have to really have a good grasp on Uh With my swings, I don't look at tape at all, but if I'm going to take a day trade an interday trade based off a multi-day level Uh, definitely you want to see the volume come in at least after you get into it and then uh You should have a good understanding Of tape and I learned my taping skills from like bow And it's kind of simple because you see the velocity of the you know the orders going through um, that's And also not be too stubborn if you're wrong. You're wrong because you see these day ones You can also take shit. So You definitely don't want to like Be old and those uh But yeah, that's what I would advise somebody. Yeah. Yeah, I find that uh You know those those types of uh those types of tickers like It's very important to have your risk in check for sure But it's also very important to kind of let the excitement fizzle out and then say, you know, okay Like is this actually holding up, you know Like a big part of it for me was saying to myself like, okay, like Because like a lot of the time like we talk about this like often and m i c is that We need we need like short sellers to still be confident and we need longs to be like either Not confident at all or we need all of them to be stopped out because like it's better to have shorts Just fighting a ticker and longs chasing a ticker than to have a bunch of longs who are In still at bad averages like selling on every pop or just you know screwing everything up and like all the shorts like Like not very confident and like eager to cover. So um, yeah For me, I really like those types of tickers where we've kind of like fizzled all the longs out Stopped all the longs out and now that we're kind of bouncing back on that recovery Um, you know when we have just shorts fighting that grind and then every long who was stopped out chasing now They're like shit. I shouldn't have sold, you know, I gotta buy back like I love those types of situations That's like, uh, our med right our med was a good example of that Yeah, you don't see them happening all the time But it's a good like when you get the volume to take to line up and it doesn't break the lower day Yeah, that's a good trade. So yeah Yeah, and even armad is like a multi-day like yesterday we had that kind of like consolidation. We broke below it We reclaimed that consolidation again. We got above four red degree. There were a lot of good things in that setup today and um I don't know what the I was just paying attention to the live trading and then the market opened I was like, oh fuck And I only really had like the day ones on my screen. I had a couple other multi days But like, you know, I was just kind of like looking around and then I was like shit Everyone was like our meds going. Oh my god. Damn. I missed that. Fuck. I missed that. But you know what? I'm so chill with missing Like if I miss I totally accept it. I will wait instead of You know, trying to find a reason or form a reason. I mean that you're not trading on edge at that point you know, you're just trading on your human emotions, which I'm totally okay with missing things um, I find it much better when I'm And I I think you're forming best practices when you like plan for yourself and you wait for yourself to develop and You know, rather than just like oh, wow, I missed I missed it. Let me just get that's not that's not gonna work at all No, I can I feel like when you miss as a long trader, it's it's a different feeling than when you miss as a shore It's true. I'll admit that's true, but I'm totally okay with it. I think over time you develop maturity with your trading, which is important and so you know I'm still just like at the screen If I don't really I'll be I'll be pissed though. Like our med. I felt like I should have got you know That's interesting. I'm just much more accepting of like anything even with losses Accepting of it. It's just so much easier to just be accepting with the outcomes because then that way you avoid You know fighting things or like being like, oh my god, why is it like this so far? It's just I accept it Like you know, if I miss it, I miss it We'll always be tomorrow. Yeah And reality is reality is Harry you only need like Solid few good trades a month to make your month a solid few good trades a week to make your week You know, I definitely you know, and then it's just much better if I'm just much more prepared Whatever and I'll always be another one I mean, that's what I could tell myself It hurts. I mean it hurts, but whatever. Yeah. No, I know. No, well, that's probably a difference between like guys and girls because for me like Um, like I still feel it like if I miss something I'm like, oh fuck Like I don't think that's ever gonna go away for me just because I'm just like Should have been looking at that one, you know, like but like on the on the day ones or stuff like that Like when I hit like I hit like definitely big and even on some multi days when I hit I do hit big but it's just if You know, I feel like when you're longing like it's different than short because of just the fact that like when we do get one runner like that's Probably the runner for the day, you know, like that's probably going to be the only one like there's only one or two in a day whereas For sure. So it's like oh, this one popped the view out. Oh, we can get a quick scope on this or all this one popped here We can get a quick scope on that. It's not really like COVID anymore, but we get like three four five in a day Now it's a situation where like we get that one runner off the open like today It was our med, you know, and that's it. That's the only one we're getting So it's like for me I see it and I'm like, oh, fuck like that's gonna be the one for the you know Your day is over like before it started, you know Yeah, that's actually really true because I feel like there's a long Me because I'm more big picture you definitely have to be much like very picky And stop selecting a key and if you miss your trade, I mean you miss it like that's you know, it is what it is But you're right. There's not like with shorts. I feel like There's plenty of trades to make, you know, but with long Maybe you get that one. Maybe you get, you know, maybe there's two maybe best case Yeah, yeah, and that's why like I'll plan on the day ones. I'll plan on the multi days. I'll have a look at the day twos I'll have a really a plan on everything and I'll just kind of look around and see where the volume is and what's kind of going on because um, it the money can really flow anywhere when you're when you're uh, when you're longing, you know Like right now, I'll take a look at multi days. I'll take a look. Okay. What's on alex's watch list? Okay, like what's doing some decent volume? I'll take a look at the tickers. I'll take a look at the tape I'll see what's doing some good volume and then I'll attack off that kind of in this situation and in this kind of market Because you know, well, you'll think oh the multi days didn't run Oh the day ones didn't run. Oh the day is definitely over and we didn't get a runner And then a day two is gonna fucking trap right So it's like you really need to pay attention and you really need to be sneaky And try and differentiate, you know between is this a good long setup? Or is it kind of like a fake out or is this kind of like a sneaky trap that we're going to go to the highs And I think that's really longing in a nutshell kind of definitely in this market Well, do you remember I think it's KTRA that popped up last week That one was a really good one and I missed that one and I did get for like Are you serious? Yeah Rather huge move even a complete for a couple days too. So it would have been really good for swing if you held it overnight I was like dang like But again, you know, the market doesn't care No, exactly No, exactly. Yeah, it's interesting to kind of hear from someone who swings as well um, do you you'd never swing on a day one, would you? No, because I don't know like you don't have enough information at that point to make a decision But you get and then like you get the idea day two how it performs day two, right? And then So, yeah, I don't if it's I'm longing something day one. I'm definitely not I'm closing it out But at the day, you know, because it's just too It's just too risky for me to get up. Um, uh, and I just had another question I'm not reading off anything or anything like that, but I'm just kind of like thinking um Do you ever use kind of like the weekly chart as well to incorporate some of your breakups? Weekly monthly, uh, the only indicator I use is a vwap interday and then I use moving averages for Daily, but I much more honestly at this point if it doesn't Like if it doesn't fit my criteria for the daily, I actually don't even bother opening up and treat it I just don't Because my one rate is significantly much better if I'm on The daily momentum side of demand for make sense. Like I just I just don't bother I think things change over time with your own process and like systems about, you know How you find your setups and where you're good at things and I just realized like, oh if I doesn't conform with the daily I have not even and you get those movers that are like you IPOs or like um, you know very like thin Crazy trading stocks and at this point. I'm just like, okay. It's not my trade. It's just what it is. I don't care. Yeah. Yeah, exactly. Um You is it how big of a factor for you as far as like the swings would be uh Like history of it being like a previous runner like is that huge for you or like doesn't really matter that much It's important because I want to see volume coming in before and there's a like a lot of examples Where you have the day one and then people lose sight of it and then a couple weeks later It goes on and takes out the highs like I mean, there's a couple examples in my head People want to pull them up. They see this but like nerve is a good one Uh, or they you know just puts in the high volume day one and then everybody forgets about it But it that holds and those are the ones that interest me because I like there's gotta be some and then if you see If you go on their violent, you see the insiders are buying or board of directors are buying or there's a passive state going on That gets me interested for sure. Hmm. Yeah um Yeah, no, that's that's very interesting. Did you see tops from last week? I did I did see tops but again, I I missed that one and I also missed the The swing on it and I was like, well, I missed it. Thankfully I did not like Thankfully I respected my rules because we saw what happened after so Yeah, with these swings also if I don't get the entry And it's now extended into the move. I am not taking that for the reasons of that something like that happening, you know um And it's just it's just much easier for me to just stick to my rules So like I'll have I have rules for I call them do nothing Or kill it kill rules and do nothing rules. It just makes it easy in my head Yeah, because tops was one that I was kind of like watching that morning just for like multi-day if anything was going to happen or anything like that and then uh You know just kind of tanked I was like, oh well like this is not going to do anything today And then all of a sudden everyone was just spanned the chat tops tops tops. Oh my god tops I was thinking myself. Ah, fuck Like you gotta be kidding me There's a few last week, okay There's a few last week that I missed but I still had a good week So I'm like, I know I'm not going to execute to perfection and I'm not going to nail every single figure that moves. Yeah But I'm like if I could just be the most improved player, I'm okay with that Which is a good mindset to have I think, you know, if as long as you're moving forward I think that that's like good And like we see that we're in kind of a market now We're like the day ones aren't that good if we have a day one hot chick That's up in the free market. The odds of that running is like not really that great And so then we move over and we're like, okay Well, I don't want to be longing into tom's low-hanging fruit and then we look at day three and we're like, okay Maybe day three can give a move like we saw xpeb that had a pretty good move Uh on day three, um, you know, which is like very rare I'd say like the day three moves are like they come and go but like Something like xpeb like you rarely see something like xpeb move that crazy on day three But you know, and then it comes down to the multi-days and to me it's just like, okay Just trying to find like, okay, where's the money going to flow in the morning? Is it going to be uh, which a lot of the money flow has been multi-day, you know It hasn't been it hasn't been day one. It has not been You know or day two or whatever or anything like that It's really been Um, you know into these multi-day tickers. So it's really important for me at least to always kind of like Have them on watch or pay attention to something that's kind of came up and then you know had that move back down It's really important for me My my watch list right now has like Probably like 30 tickers and I'll like take them off if you're not performing or anything I just don't see anything. I'll like revisit that list. But yeah, it's important for me to keep track of Of the ones that have those because they you know something could they could pop up Yeah, yeah, exactly. Yeah. Um, so I guess like as like as we start to kind of like wrap it up Um, what are kind of like your plans for the future or like, you know, are you just gonna try and keep swinging as long as you can or Try and work on any new strategies or anything like that I'll honestly, I just want to keep building on what I have right now. But number one goal is like It took me so long to just get to comfortability Yeah One because like I had to deal with my own internal issues with how I managed risk or how I saw risk um in the first place and Getting comfortable with the idea of losing money being completely detached from that Um That right now I just want to get better at what I'm already doing and what's working for me and knowing Myself and how I make my decisions and it's kind of just staying in my lane. I'm totally cool. We're just staying in my lane um Obviously, I think like every trader does that that is about to go over see like what they you know, just go over their stats uh reviewing that um For I don't know. How old are you? How old are you? I'm 23 now Okay, so I'm 26. I started trading when I was 22 and I have to give a big shout out to MIC because I when I started it was like Kind of like a discovery thing of like This is something I really want to pursue like seriously not just like half like half actually Is it something that I want to really pursue? And over time it just ended up being like something that I just kept coming like I had a lot of interest and just like a lot like like I think we all like a lot of people do like passion or whatever um And so like that was like a journey in itself. I'm like, okay. I want to make this a career I don't you know, I want to be a trader that's trading for 10 years 15 years 20 years so I mean I'm where I'm at right now, but I mean I have plans to grow and um Continue to improve myself and my execution and all that But yeah, I definitely see this as a long term career. I'm not just Okay, I'm done. Yeah Yeah, um Yeah, that's me. How how you work like I didn't know Yeah, no, I've been trading for a long time and I'm like I'm to me like I'm still pretty young Like I always still think that I'm like, you know, like 19 or 20, you know But then you know, you've just been trading for so long that you know, sometimes people say to me like Oh, well, you're only still like 20 or whatever. I'm like shit. I'm 23 now You know, it's crazy that you know, I've just been trading for since I was like before university, you know Like I remember I remember finding like M. I see like when you know, I was like just going off to college, you know, like Which is like crazy to me so That's crazy. I When I was like 18 19, I had literally no interest in the self market I remember I would see people pull up like their portfolios on their phone on the on the app I was like, this just makes no sense to me. And I'm like, I I'm like, I just didn't get it. I had no idea that years later. I'd be so into It's weird how that works. I'm like did not think that that's what I would want to pursue but That sometimes this how it is when I was young, I always wanted to be in like the stock market like, you know, I think a lot of people Um, a lot of guys like always have that interested of like the money the you know, the this that just like being able to travel is like super nice. So um, that was something that I've always I like the Economy and the freedom. Yeah, definitely. That was one thing that like got me interested in this is like just having the economy and just like Having your time obviously like, you know, you have to be your own coach, you know You know, you have to be your own like risk manager and all that stuff, but Definitely like the economy for sure. Yeah Well, thank you, Rebecca for uh, for coming on thanks for having me on And uh, yeah, we'll uh, we'll see everyone for the next one. Thanks everyone