 One of the most common questions I get asked is, you know, how do I start day trading? So what me and my mentor about it for our viewers on YouTube is create a free mentorship course that reveals our 12 secrets that every single brand new day trader should know before they get started. But please take note that there is limited seating every single week. So please reserve your spot at myinvestingclub.co. Link is in the description. What's up everyone? It's Tom Liesel here. I hope you guys had a, you know, good day. It's Friday. I mean, today is not really that slow. The market has been, you know, pretty good. We have some nice set up in morning and the watch list was pretty, you know, on fire this morning. Alex, you know, he was in Miami this morning, so that's why I wrote the watch list. Here we have, you know, PDSB was pretty spot on 7.5 mostly 5.5. That was pretty good. I mean, I think some of you took advantage of that. So which is really nice is that PDSB and yeah, 7.5. Look at that guys. I mean, you know, you couldn't get any better than that 7.5. You know, you pretty much had like, I don't know, like 50 cents, 60 cents right here. The other one, Mosey put out 5.5 as well. See, you know, right on the dot was, you know, again, 30, 40 cents right there. PRPO even, you know, I traded that one as well. 470 was, you know, 470 Mosey, you know, so pretty solid day, you know, and also stress-free as well, you know, 470 was right here. Yeah. Yeah. So, you know, I just want to kind of quickly go over one of the topic today and also, you know, more like one of the trade today I took. And I think, you know, I got several DMs asking about this. So you know, I might as well just kind of go over, you know, some like more details regarding this trade. I mean, this topic has been covered before. It's pretty much more like channel trading. So I just want to go over kind of the PDSB the trade I took today. So the channel trading, right? This is like the symmetrical kind of trading, pretty much the same like Bao did every day. You guys have seen him, you know, his chart almost every single day in the main chat. Pretty much, you know, similar to this, multiple kind of scalp, you know, once the top set, you just find the range and then, you know, trying to kind of scalp it. And you know, this is to me, it's really good setup. Because why? Because, you know, the risk is really small and, you know, and it really adds up, right? I think I got it twice around like, I don't know, 17, 18 cents. So let's say, you know, 20 cents twice, 40 cents here, right? But I was risking at less than, you know, 10 cents. So if you, you know, do the math, you know, 10 cents and got 40 is almost like 4 to 1 profit ratio. So I think it's pretty good. And but I just want to kind of go over, you know, in depth a little bit so you guys can understand the reasoning behind it and, you know, how to basically get the fill and also how to stop out if, you know, things, you know, turning south, right? So I'm going to bring up here, maybe closer look at this so you guys can, you know, see it, maybe clear. So the big turn picture here, right, PDSB, I kind of avoided, you know, like midday zombie time, my, my process, you know, it's been, you know, I mentioned several times in main chat, trade the first hour and come back in afternoon after 2pm. And as you can see, here's the 2pm, right? So that's where, I mean, the time of the day is good. I like to, you know, trade those. And also it was because of this, more like it, you want, you know, pretty much like faded after even 2pm. So I got no chance here. I was hoping for a pop to, you know, now I never got, you know, there. So there wasn't not, you know, there wasn't much left for me to kind of, you know, trade. So and then when I saw PDSB quickly, I saw, you know, the start was grinding higher. So I was not interested in this kind of move at all until, you know, this weeks, you know, put out the top here, you know, wash down and try to bounce back, you know, stuff again. And, you know, to me, this one, 840, 43, I would say this is like the top is set for me. And like this one, 43, 44. So to me, this is the top, top has been set. And I just want to be able to, you know, scale back into that bounce and, you know, pretty much, you know, trade it, right? So the thesis behind this is pretty much same, similar to channel trading. Once the top set, you just want to scale back into that top, right? And stop over. Okay. So I'm going to go a little bit in depth regarding this on how you can actually play this, you know, in real time. So there's a couple of scenarios that you might want to consider for me. You know, I chose the line, right? I'm interested in. So let's, yeah, so my, based on my entry here, 837, it's right here. Hey guys, my name is Tosh Bradley. I'm one of the head mentors and monitors at my investing club. If you have any questions about getting started in trading, getting started in MIC, MIC in general, text me at 213-458-5997. This is not a robot. It was me directly on the other end of my business line. And we'll get you in the club. We also have special promotions going on that I can get to you depending on your trading needs. Hit me up. Back to the video. 837, I was risking literally, you know, seven cents, right? Let's say like that. And I was being able to, you know, like the symmetrical kind of, uh, I just put the orders there and, you know, put a target here and, you know, it did exactly the same thing twice. That's it. Right. And so the idea behind is that you figured out the line, you put the order out, okay? And then you wait. So the first scenario is that, you know, one, once it hits into your line, 837, so let's say you're going to get in. Okay. So like you have two plans here, either you're going to put the stop at 844, 845, whatever it really tightstop, right? For that seven, eight cents in order to get, I don't know, 17, 18 cents in this case, right? It worked. Okay. So that's the first scenario. You want to have a tightstop, you know, you don't want to scale. That's it. Totally fine. Okay. So you can risk whatever you're comfortable losing. I don't know, like 1000 shares, 2000 shares, whatever. Okay. 1000 here is like 80 bucks. 2000, 160 depends on your account risk management up to you. So that would be the first scenario, right? So tightstop. That's it. The second one is what usually Bowcall calls it. And I think this is like the way that he trades as well. So once like he put out the order 837 here and the moment stock break this line, okay, break this 844, he's not adding anymore, right? But he's not stopping out at this, right? So he want to kind of see how the stock kind of react to that. And he's going to cover in that dip. Right? So let's say it's going to be similar to like this one. Okay. So let's say here 47, let's say, you know, you're going to trade like bow. So you have like, you're going to scale two bullets, 37, 47, right, you know, it's both. And the moment it breaks that 850 and go into this 864 bow, he like, you don't want to cover into the top. Okay. And he waited for the dip to get back into. So let's say your average is 842 here, right? So, you know, he waited for the drop back into that 842 and get out basically, because right after that, you know, you broke the channel, this is no longer valid. You just want to get out, right? But the idea is that you don't want to stop out right at the top, but you want it, you know, to stop out on that pullback, which is this one. And after when it dropped, you know, you get out. Basically that's it. Be done for the day. Okay. And you like, you're not going to argue with that. That okay. So I might want to hold longer so you can drop here and you know, might feel frustrated. No, because this is the part of the plan. There's only two scenarios. Either you're going to have tight stop when the range, you know, gets broken like this, you need to stop out, tight stop. Or the other scenario is that you want to see how the kind of stock reacts to that, right? You know, Brexit line, you're not adding anymore because you have to be comfortable with whatever size you're using, right? You're not adding anymore, but you want to wait for that pullback to get out. So let's just say hypothetically, what if the stock didn't pull back at all, right? So in that case, you know, there's always the scenario like this, like, you know, shit happens, anything could happen in trading, right? So let's say it's going to go all the way into this 890. OK, so like usually this is, you know, going to help you from time to time. I mean, there's no easier way how to say it or like, you know, how to kind of spot it. But you can tell if the stock is really strong. OK, so if, you know, start going to that 864, right, and doesn't have a move like this, but it's more like, you know, dropping back here and grinding, grinding higher, then that's the sign for you to get out. OK, this is not something that you want to play with because, you know, like the reason why you didn't, you know, have tight stop here, the reason why you want to kind of wait for that, you know, break out is that you are thinking that the pullback is going to happen. OK, which it did. And but if the the fast pullback didn't happen right away, and it was like saving here and grinding, grinding. Yes, you need to get out. OK, and on something like this, you can easily tell, you know, because, you know, the the stock is not like the low floater like you want in here, since you have this volatile kind of move, like, you know, going straight from this line to this line, you know, like in one minute, right? So on something like this, low floater, you know, this, this, like, I think there's no way for you to kind of do that, you know, from, you know, if you want to trade this kind of stock based on that range only, you know, you need to have, like, I would recommend for you to kind of have a hard stop, you know, at whatever the area that you choose. So for me on this type of trade, I think I shorted here as well. And, you know, I ended up being stopped. I would write this, I put the hard stop at 912, which is my average, but it kind of filled me, you know, another 10 cents above, right? But, you know, it kind of saved me from 920 to all the way to 1060, right? But, you know, on something like this, low flow, I mean, you just don't want to kind of have room to kind of wiggle or like you just don't want to argue with that, right? So and pretty much like, OK, so I'm just going to say, like on this one as well, once you spot out the range, right? Let's say you want to short here 37, something like that. And this is should be your stop, right? 810, 68 or whatever. So if you short it up here, you definitely want to put a hard stop above this one instead, you know, waiting for it, you know, wait it out for you to kind of break this and then pull back and then cover. No, on something like this, you just want to get out because, you know, it's moving really fast. And so this is like pretty much the the thing I want to kind of cover, you know, and PDSB, this is, you know, what I call like symmetric trading, symmetrical trading. It's it's, you know, it's really that simple. OK, guys. So tops at my you just put out orders there and, you know, scale back into that bounce. You know, same same size, same line, same, you know, same stop and same cover. OK. If you want to kind of, you know, have like if you don't want to have, you know, hard stop, like, you know, tight stop, you can use, you know, what I just tell you. But keep in mind that there's always pros and cons, right? With tight stop, it, you know, it kind of take, you know, less pressure, you know, takes off the pretty much the pressure regarding this one. But if you allowing for the stuff to kind of pop and then, you know, you're going to cover like you don't want to be the part of the herd, right? And sometimes it's not that easy. OK, guys, like, you know, you have to be really OK with the stock, you know, being popped all the way here and then drop back, right? As a new trader, emotional trader, I probably would not recommend here for you to do that. Maybe once you have more experience like Bowell, you know, Alex or whatever, like the guys are doing, you know, for four decades now. So you can do that as well. But thank you so much for watching our video. If you want to see more of our videos, please subscribe to our YouTube channel by clicking the button here. We do our best to post a new video every single day. If you have any questions about M.I.C. or any general trading questions, please text us using the number here. Also, stay up to date by watching some of our most recent