 Hey, hey bow is this you and then they dm your actual Instagram. Yeah And I spawned before because what they do is they they start adding myself like a fake ounce would always add myself And like over but the name is still some freaking messed up name from Nigeria or Wherever else right and then then then change the name over so you guys gotta be smart man If you lose money count it as a learning experience and that's like the stock market man You gotta be better with your due diligence. Okay guys. Yeah, all right. Let's start on this today. Oh What could we say man? We Let me talk about the meetup coming up guys So we're doing again our free event in Utah August 19th 21 It's gonna be on my investing club comm slash meetup While others charge thousands and thousands dollars for their events we throw our events for free You don't have to be a MIC member to attend all you have to do is go to my investing club comm slash meetup Register it takes less than one minute to register and then you get to meet me bow the entire MIC team and traders from all around the world man Yep, so make sure you attend because this only happens once a year. This is actually our fourth anniversary. So that's why we're doing this guys I Free you do not have to be a member to attend We chose Utah because Utah is pretty freaking awesome man. We were there early in the year. The weather is nice It's just really cool place man something very different than Las Vegas I'm so sick of Las Vegas, you know, I was going Las Vegas every gets drunk So the attention is for you to meet people not necessarily a party We're not here to get drunk by any means we're here to have fun But you know and so we were trying to leave you guys I don't want to get drunk every freaking meetup But we made throw a raffle if you want to get six shots with me you win a raffle you get But uh, but it's be cool, man. You meet some cool people out there. So okay and that To register you go on to my investment club comm slash meet up. So make sure you register guys Yep, and we're gonna throw some good freebies out there when you get there nice swag stuff, but okay Oh, man, what can we say about today? Alex? We we fucking nailed it, man So today's topic is actually one that hit home today for us. So we actually I was up a bunch of money We were up a bunch of money We say what's a good topic how the how to take a loss how to recover from a loss? So this before we lost Yeah, I'm still green for the day out, but uh, I gave back all my profits on Sidue SIDU So let's bring that up man. We'll talk about that. This is a really stupid What I did was I let me let me go to The chat room and I'll show you what we uh, yes neat peek of M. I see Bring up that chart. Hopefully you'll see it So we're pretty transparent here. Am I see you guys? You know fuck man. So this is the morning before zombie hour. Okay Nailed it man. I mean fuck. I shorted all the fucking tops coming all the way down. I have decent size position I got really fucking greedy man. I mean I was up so much my average is so fucking good I was like, okay, this is gonna be all day fitter. Look at this. It topped out here It went under VWAP. So this broke support. Yeah And then you know, this is the standard VWAP rejection reclaim, right? That's what we always do and I'm because I'm we're greedy at this point Alex I'm like fuck any more size any more size that cover too much, right? You know, that's what we do I would make our money. We fucking leave but today for some reason we got really fucking greedy Yeah, and the thing is like I was telling the people in the room today That's very odd and irrational that stock breaks low of the day and then comes all the way back and breaks High today like we say that trading is pretty much with our strategy 90% win rate and everyone always asks What's that 10% what's that 10% and this is an example of that 10% where it was irrational It didn't follow the normal pattern and you know, we took a loss on it So nine times out of ten we're gonna make money But this one time that it doesn't fall pattern. That's where we you know, we use risk management and try to protect ourselves Yep So what I do is I was up a bunch and so I fell to the classic all of the things that normal traders Regular traders fucking do is a mental issue. It's like I'm up so fucking much Okay, I'm gonna give back some so I was actually covering right here guys You see I was like fuck man. I started to give up and I didn't lose that much here I'll still up a bunch if I had covered there But then the problem is all of a sudden spiked up and the moment it spiked up I was like fuck so I took the I covered it, you know So I gave back pretty much all my profits on the stock and now of course when you cover it it went down So it means not any go down that much 10 cents underneath what I covered 15 cents But the point is you know my man, we broke all the fucking rules We we know the zombie rule is there for a reason and what happens is this once the stock We the first time it goes under backside, you know a good strategy a high property strategy is to Short the VWAP rejection, which I did very well here Okay, so I fucking loaded up and then I was like and I'm happy man. I mean I'm in I'm holding this thing Hoping for an all-day fader bullshit, but the problem is there is no dilution. There's no shelf It was you know, there's no obvious dilution and filings. There is no signs of this thing I mean they clean it out or something but but the fact that it Zombied and VWAP reclaim and a hell they did not VWAP reject notice this one to be VWAP rejected Yeah, this one Kept out going up That's what I said right at zombie times to write the exact same time that we always say that these stocks tend to reverse Yep, and so all these indicators should add up to get the fuck out, right? And so that's so I noticed I spot that but I was not aggressive enough man because what happened is this man This is how they trap you guys is it's over VWAP week. So the first time it did it was a VWAP rejection. So In theory if it rejected it should keep going down Yes, but did not it reclaim and it did not go down. So when it does this move what you need to do is get the fuck out Okay, because it's only a matter of time when it spikes up and everybody panics and short cover I mean all the shorts pop out and that's exactly what happened So I was very greedy because I'm like dude. I don't want to I don't want to cover here take a loss You know on some of but I was so green You know, I should I should have taken a loss and still be very green on it But I'm like dude, I was so fucking greedy. That's the that's the thing with it every time it went down I thought okay, this is it right Alex. This is it. It rejected the same line How many times one two three three four times. Yeah, and every time I went back down I was like, holy shit. This is it. It's gonna go down boom bounce back up So when you see this type of pattern is over VWAP and it's during the mid-diet all these are signals for you To either go long or stop out and get the fuck out and protect yourself And let me ask you a question about when traders are dealing with high levels of greed What do you think is the best way for people to kind of fight greed and you know control that emotion? Because I think the biggest thing that people struggle with in trading is greed and FOMO And we made thousands of videos on FOMO But in these markets when there isn't much meat like what do you think is the best way for traders to you know? Combat being greedy That's a very good point. The reason we agree because there's so many so little opportunity Alex, right? And so we want to capitalize when the opportunity comes, but that's that when we do that we actually deviate from our process Right, so that's the whole fucking it comes back to the fucking process that made us successful It doesn't fucking matter if it's a bear market giraffe market like we talked about you have to maintain your process Yeah, like like like a like a baseball player, right? A baseball player that goes on a slump and he's striking out every fucking time does he fucking change? I mean dude, you know because he's he's trying to swing for the fences go back to what's made up successful to made him to become a mate Major leaker, right? So that's what we do man. We we go back. We should Be a robot. Do you think that I'll go changes it because you know, there's not less opportunity No, then I'll go will execute their setups their pattern. They are not going to fucking deviate Yes, we're just fucking greedy or it's happy because you know, you know, we're we're humans We're excited the fact that we're up. I'm like, holy fuck, dude I haven't for the first time I haven't put it, you know in a long time because it's a market suck, right? We have a nice fucking fat position and we're like, we're gonna bank. We're gonna bank We're gonna bank and that's exactly as always like every single time we want to do that every single time It does the inverse because the last time we covered it kept going down Yeah, but the thing is this guys if you keep doing the same process that made you successful, you will continue to be successful Yeah, we are just Too in a hurry to get rich quick. That's the Nutella We wanted to we wanted to get rich quick on one stock if they we nailed it and so you sing Almost a false sense of confidence too and something very important guys when Bob talks about process You know when we started my C no one really talked about process but process basically means what type of routine Can you show up and repeat that is going to yield consistent results? So every time we mentioned process it pretty much means the routine that we use whether it be how to find the stocks trade You know reading the filings put identifying levels on the chart stuff like that all those little things build into your process, right? And that's what we talked about our MIC process is iron clad especially with our risk management process But sometimes you know the operator the human me bow or whoever else You know short circuits, right? We short circuits. Sometimes we fuck up Yeah, man. So, you know, we all fall in this game, but you know, man What separates us though Alex and Matthew? I want to fucking say anything like pipe us up whatever but guys you're gonna get to the point where you are becoming Consistently profitable trader and when you fuck up, hopefully it's not gonna be as bad as a beginning trader fucking up When I fucked up today, all I did was I give gave back profits. I didn't fucking lose on the stock I gave back a lot of profits and we are pissed, right? And that's fucking up for us fucking up for us does not necessarily mean blowing up the account that we are beyond that stage already Right, I mean, that's the beginning stages of Becoming a brand new trader learning MIC process You need to overcome the blowing up because we already figured out how not to blow up So when we fuck up it just means that we're making less money. We're stupid, you know And the problem with that though, we have to recognize that's why we are very transparent I mean I post this shit because I'm showing the world. I'm showing myself that it's okay to lose Yeah, I'm not hiding these losses. Let's fucking okay to lose What's gonna happen is as you imagine a couple fucking embarrassed to show a fucking loss and I always show winners And then you know that what's gonna happen. I'm gonna revest trade behind the scenes Yeah, so you have you have to be able to say I hey I fucked up I mean, we're not fucking perfect man And how many times I fucked up is still we do great, you know Cuz you know, there's only one fucking trade and then so what happens is a lot of these guys what they do is they Pretend that it's an algo. They blame it on the internet. They blame it all sorts of fucking shit, right? But when the reality is this my fault, man, I got fucking greedy I mean the moment you say that I got greedy. So now how do you mitigate for next time? That's the question Yeah, yeah, you go back to you what what made you successful. So I'm gonna tell you something So zombie rolls fucking porn. I even scream down the rule zombie rule, but all of us don't give a fuck We're thinking the stock is faking us out Correct Because you know what we wanted we want to believe what we want to believe and once again process Show us that you know and so go back to your process. So what you do is this guys This is what I do. You take your fucking gains. We hold some Okay, that's how you mitigate your fucking greed Okay, don't cover all come cover most but cold a little bit because you know always add back the problem before as you You cover everything you take everything off and then tanks on you and you're like fuck Yeah, you know so the Greek comes in we want to match we the Greek comes like no, I'm not happy don't get Dynormalized and and get the maximum profit You know, we will we want all or nothing and that's the problem guys You have to create a system where you can't it's have all or nothing. I mean, it's okay Okay, it's a lot of system traders do exactly what we do right out What they do is a hold the fucking be at position they enter one time and they stop out and they're okay with it Because that's their system. So we have so what we what would I did today? It was exactly what a system trade would do once it breaks the high day I get the fuck up okay, and then a if that's the top and it drops Oh, so be it because that's their system and they stick to their system But that's not my system my system has got these fucking games along the fucking way I can't keep holding a giant position because I'm not a system trader, right? I have the guy that holds some and been locking up the other half trading around my poor They know everybody, you know, everybody has their system that's been working for for them And this is a lesson too guys because you know Having a process is the most important part of trading and a lot of people in the last two years They didn't have a process They were just gambling and they just kept gambling and gambling and gambling and now they're losing money But you know what differentiates us is we actually have a process that works That's been working and all we have to do is stick to it The worst problem that you could have as a trader is not knowing what you did wrong We knew exactly what we did wrong, bro And it's something that we could fix right here as other people. They don't know what they're doing wrong They have no idea what to fix because everything was random in the first place Yep, and they don't admit to themselves as they are learning as they're progressing that, you know, they did something wrong So you if you figure out what you did wrong then, you know, the the the whole thing comes to the ego man the ego the greed The arrogance that think that hey, man, you know, it's not my fault. It's just a one-off thing But you know, we've been so experienced to the point where this is where the process like you come in to play, right? Process is about repeatability being able to do the same fucking shit over and over and over man Why the fuck am I deviating because I'm fucking greedy It's like it's like going to play blackjack and you're supposed to double down on every single blackjack hand And what's a while you don't double down and then the ones that you don't double down is the one you win Yeah, it works, right? And so you have if you know, you have to be consistent So the process is about being consistent. Okay, if you want to change your process change your entire process But don't just deviate, you know, and you know the worst time is like dude all the writing was on the wallax We even said that right zombie rule all this shit. So yeah, but but the pop you know You always have to take the positive and negative, right? So the positive side is we didn't blow up I just gave back all my fucking winnings which sucks. Yeah, you know, the money doesn't really matter It's the fact that I'm still so stupid. Yeah, we work so hard, right to nail this thing and then and then how can we Boggling right it's fucking just sucks. I go into the grocery store and fucking dropping the milk on the ground Now you have fucking no milk And the part is bro tomorrow. We're probably gonna even forget what we traded today, you know, yep And so, you know, I the best way guys is to admit you a lot of guys don't ever show a lot of Twitter things like that That's why that's why they fucking continue to fucking lose guys So the way to many guys once again, you know, we our process takes some hold the core Take some off and then when went zombie hour and the reclaim God get the fuck out You are short basic rules are very simple if it reclaims Again, and it holds a reclaim over VWAP during during midday get the fuck out Yeah, and then the ultimate which you know one positive takeaway is I stopped out man. I Well, it went over the pre-market high and so I I did stop out if this thing had went to $10 I would look like a fucking genius. Yeah. Yeah. Yeah, so but the thing is this Well, I always say this man what I lost today was very minimal But the next time if I choose not to stop out It goes 10 bucks. I may blow be the maximum loss. That's the problem. That's the thing man So keep to good habits and that's how you win over time guys, you know We always say like when you break a rule you always win the minimum But when you break a rule and you lose you lose a maximum guys So keep to good habits. It doesn't fucking matter. It's a one fucking trade And you know what man? Like I said man, if it went to 10 bucks Me and Alex sitting here like whoa, we're the fucking best traders in the world We fucking stopped out and we always have a max day lost to guys. So I mean I'll protect it either way You know I have multiple layers of and if you guys don't have a max loss It's very simple call your broker email your broker and set your max loss to no more than one day's worth of work So if you make $100 a day trading set your max loss auto liquidation to 100 that way on your worst day ever You will only lose $100. Yep. I do for myself I do two days a little more aggressive, but you know you can do one day whatever it takes guys But the fact is you need to have a fucking safety net and this is the thing that we talked about how to probably take a loss guys There's time based off. I'll review it real quickly how to probably take a loss And there's videos I made on this already, but time base, okay? Zombie hour. Okay. That's one way I'm giving you the the the ways I work that are not obvious for people because people usually stop out on price Right and so but they don't think but there's more factors at just price. There's time There is new information that comes out there, you know, there's Time is very important. There's a couple things about time. Okay, not just the 1030 rule 230 rule 330 rule things up there It's the fact that this thing's been stick. It's been hanging around for a long time It should have fucking tanks exactly why did not fucking take right if you fucking get the fucking fight with Mike Tyson You fucking go your best shot and the guy won't go down. You're like what the fuck is going on You better get out before you fucking decide Yep, yep, so that's the thing that people understand guys part of it is you have to give yourself a Time for it to happen. Okay, you can't just say well, I'm gonna hang around so fucking happens Well, it depends on your strategy, but put a stop in put a stop in put a stop in so Any other things other topics guys? That's it guys Remember to register for the meetup mind Talk about how they do the max they lost all the liquidation some brokers don't have it a success trailer has it So go to success trader guys that's ready calm Mentioned my seat to them. We have the MIC route. We have all the loss We told them how to set everything up guys. And so it's when you join we you know, you They set up your account for you the way that they set our account So you you imagine you get into a marriage trade and you're just a newbie But when you get into sex trailer you you have professional setup account that mimics Alex and Isaac up. All right Cool guys. We'll see you the meetup. See you online. Do you have to meet up guys? All right, but