 Hey traders, this is Tosh. I go by T Bradley 90 in the My Investing Club chat, a general reminder for those who do not know, MIC is having a one-year anniversary event where Bao is going to be trading live in front of our members. It's coming up August 17th. Mark your calendars. As an added benefit for our members, the event is 100% and exclusively free for annual and lifetime members. While lifetime on top of that, get extra coaching before the event and guaranteed front row seating. While most charged for these events, we show our support by making it again free for annual and lifetime members. If you are interested in signing up for this event, DM T Bradley 90 in MIC Slack chat and or email myself at Tosh at MyInvestingClub.com. Now, we have a very special video for you guys today as Joe Kelly who puts together his weekly Sunday video series on trading basics does episode 31 and he has a new scaling calculator that he wants to show you guys how to utilize. Now, while this is just a preview of the full length video, if you want to watch the full length or any of our exclusive content, then become a member of MIC. What's going on everybody? Next little topic we're going to talk about here is a update to the risk reward calculator. So I get probably about a question a week or a question every other you know third day or every other day at some time at some points but the question is roundabout more you know more or less it's the same question and the question is this I'm gonna use a member's exact question to me is say I only want to lose $20 on a given trade I'm I already like this guy setting the risk parameters low that way that if he while he's learning he's got a long ways to go before he ever blows up he's not setting huge risk parameters right out of the gate he's being very conservative making smart bets this is how you survive in the beginning if you must trade otherwise I recommend you don't trade you don't even put money in a brokerage account this will prevent you from having FOMO then you observe watch screen time record things save charts learn the edges observe the edges in the rest of the question is how would I determine my full position size so that when I get stopped out at say like three bucks it's only a $20 loss without the position calculator of course he's trying to practice scaling into a position and more technical trading so I have more freedom where I put my orders I miss a lot of long and short due to putting only one entry exactly where the two to one earliest is on the calculator for example I would like to scale CODX today 120 to 145 with overall stop at 150 now this was a question on Friday those levels I don't think those ever hit but again target was $1 so in essence let's dive into one example here and then I'm going to show you the calculator I mean how you can apply it so let's take for example SGB X this is just a recent gap or so it's a it's it's a fresh example on my mind so just like bow does what we're going to do is we're going to analyze the daily chart on day one we're going to look at daily chart resistance only okay now there are exceptions to this rule but it makes it very very simple to use only the daily chart because they're much more reliable levels so right out of the gate I start with a three-month chart let's pretend we don't see this bar on the right side we're just going to analyze this chart with resistance levels that we would like to see tested okay the first level that we have looks to be about 140 okay but we're already well above that in pre-market at 140 so we pretty much just go throw that line out okay we said 140 was a level so 140 let's put a line there 140 was a key level but now that's broken and has looked to be support for now 140 line turned into sport now it turned into resistance also another key level on this chart that we said was what was after 140 didn't we say 180 and the two so we said 180 so now you have the regular calculator up top but now I've added this additional little calculator for members to play with so this particular calculator can give you can input your own lines the lines you're looking at and if you want to trade them long or short and then you can put your slippage setting which is basically like if the line is at two and you're and you're along you're gonna want to fill just a little bit before two to make sure you get filled you don't want to you know see a line at two and put your order at two and then that's it you need to account for some slippage to make sure you get filled hey traders this is Tosh I go by T Bradley 90 in the my investing club chat just wanted to reach out and say if you have any questions about M.I.C. joining M.I.C. maybe you're a member already you have three ways to contact myself personally and through M.I.C. you can hit our social media you can hit me through pms in chat or you can contact us through my email at Tosh at my investing club calm that's T.O.S.H. at my investing club calm I will get back to you in a timely manner and I'm saying this because I'm here to help and I don't want anybody to be afraid to reach out and ask any question that they have we are here for you guys all right see you guys