 Sorry, what's up everyone? So today is Monday, YouTube Live Day. If you didn't see the video before, is my video watch list. So every single Monday, I do a free video watch list for everyone on YouTube. And usually every other day, I do a video watch list for the members of MIC. Reason why I do it free on Monday so that you guys can kind of get a sneak peek into our process and see what we're working on. So that's number one. Number two is we are hosting our two year anniversary event on August 17th. So we are still working on finalizing all of the details, but this event will be free for annual members. It will be free for lifetime members and it will include, in the morning, how to build a watch list with me, live trading, live commentary without presentations from the moderators like the first bounce strategy, pre-market trading, how to be a consistent possible trader, all day fades, MIC process. So we're gonna have a jam-packed day on August 17th for our two year anniversary event. Usually what we do is we like to do these events in person. We like to, the whole blood and soul of MIC is having traders hanging out together. It's to have meetups, but due to the global pandemic, unfortunately we cannot host this event in person. So we have to go virtual this year, unfortunately, which kind of sucks, but we still wanna try to kind of bring everyone together. So this event is gonna be on August 17th for free for annual and lifetime members. If you are a monthly member or a non-member, there's gonna be a small ticket fee just for entry and you will get the recording after. And last but not least is we were running a promotion on our Jumpstart Accelerator course. I know a couple people kind of missed it or ran out on it. So if you want some more information on that, you could text Tash at 213-458-5997. So let's talk about trading today, guys. So what I always do in these videos is I walk you through my process of the day, right? Because what my process is, is what works for me based on my personality. As humans, we all have different personalities. So your trading personality is based on who you are. Let me give you an example. Bow is a little bit of a control freak, right? Bow likes to have his hands in every little thing, but sometimes it kind of gives him anxiety if he doesn't have full control of things. So just like in trading, Bow likes to have his hands in every single different type of stock. And if he's not in every type of stock, then he kind of fucks up his head. For me, I'm the exact opposite. I like focusing on less. I like putting my attention on less. I like nail and bail, one, two stocks a day. I do not have the mental bandwidth to focus on more than two stocks in a day, okay? So right there already, you have two profitable traders that stick to the same process, but use different methods based on their personality, okay? So number one is you have to find what type of trader you are, right? Maybe you do better with less. Maybe you do better with more. For me personally, if I have 100% attention, I rather focus either 100% of it on one stock or 50% here, 50% here, rather than 20%, 20%, 20%, 20%, 20%, 20%, right? And that's just my personality. I feel like less is more, right? So let's start with that. So coming into the day, Bao was away on Friday, okay? Bao was feeling a little bit sick, so he took the day off on Friday. Well deserved, he was working fucking 20 days a week. So what I always remember is that whenever we take a day off, kind of screws with our mentality. So I tried to remind Bao early in the morning to get a little bit slower, but other than that, our process is always the same. Did you sleep early last night? Did you not drink, not smoke, whatever it is? Your process for trading starts the day before guys. So always on Sundays, knowing that Monday is my worst performing day, I sleep early, I don't drink, I don't eat a heavy meal. I do everything that I can to make sure that when I wake up on Monday, I'm not waking up on the wrong side of the bed. I'm waking up sharp and focused because Monday sets the tone for the week. If you have a bad trading day on Monday, your trading will suffer for the rest of the week. Personally, me, Mondays are my worst performing days. And the reason why Mondays are my worst performing days is because I'm so excited to trade, right? After all these years, right? After all these years and all this money and all the gains and losses, every single Monday, I'm a kid on Christmas. Something about trading, something about the ability to sit at a table or sit at your chair, make a plan, stick to it, do your research, everything, and then get paid instantaneously. Something about that just is never gonna get old for me. So I am like a kid in the candy store. I'm like a kid that just learned how to whack off for the first time ever. Like this, like this, right? I get so excited. So actively over the past year, right? Over the past year, I've actively been trying to do better on Mondays. Because if I have a losing day on Monday, it carries into Tuesday, Wednesday, Thursday, Friday, and then I'm like, God damn it, okay? So every single Monday, I do my best to slow down. I tell myself I am not allowed to trade free market on Monday. I am not allowed to touch day one stocks on Monday. I am not allowed to deviate from the process, especially on Monday, because I know that if I walk away green on a Monday, chances are I will have an all green week because my mindset is right. As traders, we are athletes, right? I am definitely not the most physically fit, okay? But you better believe that I am trying to be the most mentally fit. People often confuse trading. They think, let me get away from this guy, cutting the leaves, one second. All right guys, so as traders, we are professional athletes. We are not basically the best, but we have to be mentally the best because trading is a game of controlling your emotions. Trading is a game of discipline. If you are disciplined in the real world, you will be disciplined in the trading world. Now, why do I mention that, right? Why am I prefacing with all this stuff? It's because the way to be disciplined is it's how bad do you want it, right? How bad do you want it? So I'll give you an example. Most people that work out every day or that are into the gym or into fitness want to either look better or be healthier or all of these things, right? So the more you want that, the more time you are going to put into eating healthy and working out. The same thing with trading. How bad do you want it? Do you want this to be a hobby? Do you want to treat this as gambling? Or do you want to treat this as a career that has unlimited potential to make you as much money as possible? For me, I am not in love with working out. I hate the gym. So I lack discipline when it comes to working out and eating healthy. But when it comes to trading, I love the adrenaline. I love the fact that every single day I am trying to improve. And the more that I improve, the more money I make. I love the fact that I am able to compete against the smartest people in the world. And if I make money, I beat them. I like the fact that this is an ever-changing game where I wake up every single morning and I usually have no idea what I'm trading. So I love it. I am passionate about it. Because I am so passionate about it, I am willing to be disciplined, right? Someone asked me over the weekend in DMs, they said, how do you get so good at sticking to the zombie rule? I realized that whenever I trade past zombie times, I lose money. I make $1,000 a day. This is what someone's telling me. I make $1,000 a day. And then if I trade past zombie times, one time it's all gone. How do you walk away? How do you walk away? And as cheesy and as corny and as stupid as it sounds, I told them the zombie rule is what made me a lot of money in my career. Because of the zombie rule, I was able to make a ton of money. So I asked them, like, how bad do you want to make money in this game? If you are serious about this and you want to treat it as a job and not a gambling casino bullshit, just turn off your computer at 10.30. Set an alarm on your phone at 10.30. And when that alarm rings, you just shut down your computer. It's sometimes it's as simple as saying, the zombie rule made me rich. I hate saying, I hate saying, because it sounds so fucking stupid. But if that's what it takes for you guys to understand, then that's what it takes, right? So anytime someone asks me these questions about this plan or what I should do or how I can improve, I tell them how bad do you want it, right? And don't you realize that if you stick to the process that you are going to make money, we preach it every day, you guys see it every day, and this is what happens, right? So let's fast forward to today's trades. I hope this guy doesn't pull me over if we're walking. Let's talk about today's trades. So there was no low hanging fruit today. Every single morning I look at the low hanging fruit. I look at the stocks that tanked on Friday that are bouncing today, and I am looking to short those dead cat bounces, okay? This morning we had no low hanging fruit, which sucks, okay? So my easy bread and butter money, my easy I could close my eyes and shorted money wasn't there, okay, no problem. So now we look at the other stocks on the day. W-I-M-I guys, whimmy. So this was a stock that was easy to borrow on Friday. And if you don't know what easy to borrow means is that brokerage has brokerages, multiple brokerages have it, that you could short the stock without a fee. Most of the time that you are shorting a stock, you need to pay what is called a hard to borrow fee. A hard to borrow fee is anywhere between one to five to 10 cents, depending on what the Locate Mafia wants. And usually the more expensive that it is, the less traders are gonna be short buys because it's just too expensive to trade it, right? But if the stock is easy to borrow and everyone has access to the shorts, chances are there's a higher probability that these stocks that are easy to borrow have a tendency to squeeze higher, okay? So knowing this information, right? Knowing this information gives us an edge, right? As a trader, we are taking the puzzle pieces and trying to put them together to paint our picture, okay? So if I know that this stock is easy to borrow, I have criteria behind it. I have rules behind it. My rules tell me that if the stock is easy to borrow, I am not allowed to hold it into zombie times. If a stock is easy to borrow, I must nail and bail it only. If a stock is easy to borrow, I don't care how broken it is, they can fucking rebound it on air. How did I learn these rules? I lost money. I lost money holding easy to borrow stocks. I lost money adding to losers on easy to borrow stocks. After losing tens of thousands of dollars, something clicked in my head that said, you fucking dumbass, now you learned. So because we know these lessons, we help members and educate members so they don't make the same mistakes. So WIMI was broken. It looked broken on Friday, right? And then out of nowhere during zombie times, they reclaimed it and set it all the way back up again. So what we mentioned to everyone, what we mentioned to all the guys in the room is easy to borrow is not something you mess with. So fast forward to today, we had another easy to borrow stock, EQ, okay? So EQ was a stock that went to I think $12 pre-market that tanked all the way down to $8 at the open and started to bounce. So as the stock was bouncing, I mentioned to the guys in the room that I am looking to, give me a sec. I mentioned to the guys in the room that I am looking to short a bounce, nine, 9.50, 10 and 10.50. Stock halted up, pushed to nine. I was too slow, I shorted at 8.70 and I covered at $8.00. So notice how I took one trade on that stock. It was a nail and bail trade into resistance and after it tanked and after it rebounded, I mentioned to the guys in the room, again, this stock is easy to borrow. I do not want to go back to the well. I do not want to trade it again. So with easy to borrow stocks, I'm looking for a hit and quit one time only, okay? Let's talk about the other stocks on the day. So we identified that WIMI on Friday was easy to borrow and shorts were stuck. Coming into today, the stock was not easy to borrow. Shorts were still stuck, but something about it just doesn't feel right, guys. So what I always mentioned to everyone is this as well. Just because the stock is moving does not mean that you have to trade it. You as a trader only trade when there is an edge, not just because a stock is up. WIMI was up, WIMI was a parabolic move, right? So additionally, what I also like to say is not every stock has a trade in it. So although WIMI is a parabolic stock, although it went from fucking five to 25 or five to 30, whatever the number is, just because it's parabolic does not mean that I have a reason to trade it. So oftentimes as a trader, learning what stocks to avoid is very important too. I recognize very early today that WIMI was above my pay grade. It was not something that I want to mess around with. It is too risky, it is too volatile, it might have halt risk, all this stuff, guys, all this stuff. So knowing that, I've mentioned to the guys in the room that you don't have to trade it. Don't feel obligated to trade it. If you focus elsewhere, you will make money. And that's where my money came today on NETE. NETE, NEET, is a former runner. I have traded the stock at least 25 times in the past, okay? I like to talk about stocks as different, again, no one hate me, please. I don't say anything bad about it, but stocks are different types of women, okay? Although all these women are still girls, they all have different personalities. The same thing with this NETE stock and any other stock. So the fact that I've traded NETE 20 times in the past, I know it's personality. I know she's a type of stock that after the trend is broken, it's not gonna come back. How do I know this? Because the last 20 times that I've traded it, when it broke, it didn't come back. So because I've dated the stock before, because I know her personality, I am able to predict that she's going to do the same thing again. And if you throw in a chatroom pump in there too, that to me is an A setup. So coming into the day, while everyone was focused on WIMI, while everyone was focused on the hot stock of the day, I was focused on the stock that I've traded in the past, stock that I know the personality of NETE. So what do I do? I let them extend pre-market guys. So let it go from its 10 to $20 pre-market, let it show its trend, let the chart form. After the top is set is when I will focus and I will attack, okay? So on NETE, what I did today is after the top was set, a chatroom pumper pumped it up and they were trying to buy it during pre-market highs. No idea what they're thinking. They're buying pre-market highs. They're trying to jam it up, jam it up, jam it up. So all I do is I take a starter. I take a starter on the double top at pre-market highs on NETE and as it makes its way lower, I add to my winner lower, okay? I am adding lower because at that point, I am in the green, I am right, the stock works. I am not adding to a loser, I am adding to a winner. So when a stock is working, I am more inclined to add lower because it has confirmed. And remember what I said in the beginning of this, I know the personality. Once this stock takes, it is not coming back. So we had a double top at 19. We had a chatroom pump at 19. So to me, all the signals were there to short. Now here's another thing. If you look at the chart, you can see that $16 and 1580 was supporting the entire time. So I mentioned to the guys in the room that if 1580 breaks, if that last support level breaks, chances are this stock is not coming back, guys. And that's exactly what happened. And the last I left my desk, it was at $14. So the best trade of the day today came from a stock that I've traded in the past that was pumped up and that conformed to the chart, that conformed to what it always does, guys. So does that make sense? So today, although it was a slower day, only $2,600 only, I was still able to have a stress-free day because I focused on what I knew best. I focused on the broken stocks. I focused on the stocks that were not hot. I focused on the stocks that were being pumped. And that's where my edge came from, guys. So although today is a slower day, it is a stress-free day, I started off the week the right way and here I am sticking to my process, walking away at zombie times and making a video review, a video recap, so that I could go back at night, review my trades, review my game footage like a professional athlete does before the next game. And that's it. So any questions about that, guys? Any questions? Every day you guys see me doing the same thing over and over and over again. And these $2,000, $3,000, $1,000 days add up because remember $2,000 a day is $500,000 a year. $4,000 a day is $1,000,000 a year. And I have no problem making $500,000 to $1,000,000 a year working one hour a day, guys. Sure, I could make more. Sure, I could do that. I've done it. But what I realized about myself going back to the start of this is my personality, my trading is at its peak performance when I am the least stressed. When I use too much size, when I hold for large winners, when I try to make more than four or five, $6,000 a day, I end up getting too stressed, I end up losing and I'm not there 100%. So I figured out the sizing, I figured out everything that works for my specific types of trades and I just keep repeating that process every... I don't know if you guys can see me. Let me know if you guys can see me again testing my back. Okay, so I was saying, I don't record my trades every day, but about every other day I record my screens and I am recording live trading setups, live trading with me, commentating live, not after the fact, live in the trade, I am recording examples to create a brand new course for you guys to watch me trade live behind my back. So last week I record an example of shorting the bounce after two pre-market stocks have tanked. I think it was BGI was one of the examples. So I mentioned at like nine o'clock what my plan was. The stocks were broken pre-market, I wanted to short a bounce at 9.30 the bell rang, recorded my trades with a microphone next to me, commentating live real-time what I'm seeing and I am still prepping those. I am going to use the entire year to get about 20 or 30 examples and then hopefully by the end of the year, if not early next year, we will have a brand new course for you guys to watch me trade live. So all the trades that you see me talking about, you will now see a real-time live, but that is a little bit farther away. Any questions guys? I was very, this is a very jam-packed episode with a lot of stuff in there. So please, please, please take some notes, please listen. Remember that a lot of inexperienced traders are entering the market. The only thing separating the experienced traders from the inexperienced traders is proper education. And for the love of God guys, try us out for one month. One month and you will not regret it. As soon as you get into the door guys, you will see why we are different. We are not a pump and dump room. We are not a room that has alerts. We are a room that will mentor you that will teach you to trade long after me and bow. Exit the picture, okay? You guys will learn how to be consistently profitable traders. One last thing is taxes are due this week guys. So we partnered up with Brian Rivera, who is a CPA and a trader. So if you want to learn how to discount MIC, okay? So if you have an MIC membership, monthly annual or lifetime, you could deduct that from your taxes. You could deduct locate fees. You could deduct equipment. You could do a lot of deductions, everything. So if you have not done your taxes yet, or you have not done your trader taxes yet, or you need an extension, on myinvestingclub.com, we have a tab that says tax planning. So hit up Brian Rivera. He has helped me and bow with our MIC taxes and he can help you guys too. He's the best in the business and I trust him. So I think that's it guys. I am going to wrap it up for the day, get back to the office and answer some PMs. If you have any questions, remember to text Hosh at 213-458-5997. And again, please try us out for one month and you won't regret it. Thanks.