From $500K To Almost BLOWING UP

0:00 welcome to undiscovered Traders and I just kept short scalping short scalping on interactive brokers a new podcast that focuses on the CH stats and Edge of the latest sixf figure verified traders who have not been interviewed before if not really it froze I didn't know what to do and luckily my broker started taking me out and today we're talking to oand from Canada Ontario who was up almost half a million dollars but after some recent losses he's setting up little under 200k

0:31 I'd imagine huge learnings and lessons that we're going to go through today but first also how are you buddy good sir how you doing not bad at all not bad at all and it's coming to someone here in Rio de Janeiro and you say you're in Canada but you wanted to travel a little bit and hit hit that Mexico hit hit Rio something like that live the trader lifestyle live that laptop lify absolutely man I'm try to again

0:56 where you are it's going to get cold where I am so not so where I want to be dude it's I think we've got the opposite the opposite podcast but dude I mean when did you get into trading what's the story how did you get into it and and how's things going right now before we jump into your k for startat and then we'll we'll go into some charts okay so my whole life I've been more of an entrepreneur prior to

1:20 covid I had an electronics business you know I was buying and selling aonics primarily iPhones and since Co hit everything got shut down and I was left to pretty much play video games with my friends so that's what we did to passive time and one day I was playing I believe it was Call of Duty war zone or something and in the headset my buddies are talking about how this was right when the meme stock thing was

1:47 going on around January 2001 and my buddy was saying how he bought a meme stock and he's up a lot of money and then there's a bunch of them talking about how they're up a lot of money and I was just like what are you talking about money because in my head I've always thought of the stock market as like scam or prior to this like as something that wasn't achievable by a normal person I don't know I guess it make it seem so

2:09 complicated by using words like Alpha data all this stuff right and like you know what I mean so what I thought was okay so what's really going on here I started talking to them I started getting into it I didn't even care about the video games anymore I wanted to know what this was all about and after talking to them a bit I bought this stock called n akd yeah I went to the bank and I opened

2:33 the brokerage account it was like not even like a platform it's like you go on the the browser you press okay and it's like it refreshes it's not even I literally just sparket ordered n akd I think it was I I spent a lot of money because I'm I'm a big hitter I was I wanted to make money like them and I I think I bought like 14,000 shares of it like an idiot I bought way too many and

2:56 literally at the market open I bought it at the opening print and within an hour I think I was down like six grand or something like that yeah so I got rid of it and then I like okay so now I was me I could lose that much money but I thought to myself okay like what's what's actually happening and I started digging right and I ran into some streams by there I know Sean dear has

3:19 a stream I I started watching that one he had a free trial for I believe for seven days or something so okay he and he taught stuff he had like a website with videos so I started earning because I was at home anyways right so I started watching the market from 7: a.m. to 5:00 p.m. and I would sit there and I'd watch his stream you'd have all the scanners up and everything you didn't have to buy

3:41 anything he had everything up and I would watch him trade and eventually what ended up happening was I got confident enough to because he would he would promote people to paper trades I got confident enough to go to get interactive brokers like a real broker I opened up interactive brokers I put maybe a couple thousand in there because we don't have PC in Canada so and what I ended up happening was I started just paper trading with the demo Cal and

4:06 I started I was going long at first but I saw that he shorted a lot so I wanted to understand what shorting was but on then trct the Brokers they don't have the same short inventory as they would in the Brokers that we have now the premier Brokers right so I didn't have much options with shorting but whenever there were shares available on something I would just short it and take like 10 cents on like 500 shares or like like a

4:30 100 shares and I would just just to kind of see where things were going first I would do it in the simulator once I realized okay I can kind of take extensions because a lot of things were po dropping in the co Market I'm not sure if you remember things would Halt and just dump right away I noticed that so I just I would stay away from the main plays the gappers and like because before gappers were wouldn't

4:52 just crap the gappers would keep going I remember auvi it opened up at $3 gapped up from $150 to $3 in February 2021 and it gapped up to it hit like 34 at the highs so if you were shorting if you were gaping crop shorting you would have been blown up so longing was definitely the way to go there but so essentially once I figured out that I could short the side stocks that's what I would do

5:17 with small size and then once I got confidence and my account started to grow I could put on more siid and eventually what ended up happening was I'm not sure if you remember the NFD cze but there was an n T stock called hofb and unusual unusual whales I think a second Twitter account they tweeted something about some nft thinging in regards to one main Runner and I saw the s stock hwe it started getting a few bids and I just bought 1K

5:47 shares right then because I had enough money and in the after hours that they gapped up I think two $2 from $3 like 480 or something and that that's like what gave me like the buying power to start start scalping bigger amounts so then I I just used that and I'm like okay I'm just going to short scalp now because there's no point of longing like I've lost so many times longing this just worked out because I got the news

6:10 before how what are the likelihood what's the chance of me getting this again and I just kept short scalping short scalping on interactive brokers and then what started to hold me back was I didn't have inventory so I had to get a premier broker so once I got the premium broker in October 2021 there's pretty much go time like dwac happened two weeks after and Phu was like the sympathy to dwac the next day I

6:41 think P went from like $1 to $24 this thing has like was a thick float it had like 200 million float so the way I would scale into it is I would spread my ads I would go like 100 shares at $12 100 shares at 1350 100 shares at, 1550 now would spread them out and it's not like the smart thing to do but obviously I was new to trading right and I would honestly just add at

7:08 ad but I would make sure my ads are spreed apart and eventually I would have a stop but that stop would be so far gone that I would lose a substantial amount R but luckily enough Phu obviously Hal everyone knows this but it went up to 24 halted down at 18 and then an hour later it opened up at 8 so at that time my average was like H what was it maybe 1516 I don't remember and I think I was in like 4K

7:36 shares so right off the top I was up 20 grand and that just gave me more my power to continue doing what I was doing and then as you can see from my kimpo I got hot and when you get in the zone like trading is very mental once you get into the zone you just start to go right you just start to go and I just kept scalping kept scalping and then I think my first big loss was which ticker was

8:02 it was I can bring it up right so I can see you can see the screen right pardon can you see the screen okay on not yeah I can see y I can see that y okay awesome so we can see your profits 177k 90% win rate or just under 90% so do you want to do you want to talk us through kind of because you can kind of you you've already started let me let me

8:25 know where you were because you got right up to 450 million n and then what what happened yeah that was top and that was essentially just negligence on my part I was I was hung over that day but that's not an excuse that's definitely not an excuse but I know it's worse than the movie yeah I was man the thing is like it just actually showed me because at at the worst at the end of after hours I

8:54 was maybe down like like 40K and if I just got out before after hours I would have been I was still up 40K on that month I would have just taken one month away and I would have had the confidence to climb back from it but I just let it I let it run and as soon as the after hours kicked in it the that that stock rocketed like 105 bucks so I think I had like 10K shares in so right away

9:15 it just turned into like a six figure and I was just kept hold I froze I didn't know what to do and luckily my broker started taking me out and then once I saw my broker take me out like a small amount I just hit I I started slabbing my button just to get all of it out because I'm like mad why did I just take all of it out Qui it it is there's no excuse for it right but it's just

9:34 negligent and it's just bad habits that's what got me to that point honestly was the bad habits right there's a few times where I swung a few positions I'll be honest and I got out in Pre Market the next day well can I just ask as I've done everything that you were doing and I remember looking at a cobra bank account as well and as as with Cobra for period And I was like as as up 100K on me on overall and I had

9:57 a $40,000 account and I remember being like having $300 of BU power like $300 of real Equity left the account us down for like $39,500 I think why isn't Cobra taking us out why isn't this Broger taking us out I've got no equity that was ear in maret they didn't take us out and I recovered 18 Grand of it but I still lost like 26 Grand in a day dude it's hard to recover but so for for this we

10:25 like was this kind of is this kind of like a little and the Schultz and then with the way like the size was more or less the same by the after the waac and stuff I did I I did size my count up like my account was getting bigger but I wasn't sizing up if you look at my trade I wasn't adding more SI because what I liked about what I liked about the balance was that they were paying me out

10:50 interest every month so the more money you have in your account they pay you out interest so I'm like okay at the height of it all I think I was getting like 3K just for doing nothing wow in interest so I was like wow this is why people keep big accounts right well that's to that's to well that's why to they want to attract you keep more money in your trading account so they incentivize you by giving you

11:11 interest yeah exactly so I was I was loving the free money and you know you get treated like a better client they would give you free shares to short stuff like that so essentially it it got to my head and I guess I mean it's it was meant to happen it happened yeah so top sorry go on so on that that was like a 200k loss I remember feeling kind of sick but it's money that you already it's kind of money that you

11:42 already won but it's money that you could have withdrew but like so what exactly was the mistake that you made on this on this loss you've already mentioned one of it was holding it over night but do you want to quickly just walk us through it no I I didn't I didn't hold toop overnight toop was an inad day but the biggest one was when I when I shorted into the parabolic and I scaled when it came back down I

12:03 was actually up a few thousand at one point I should have just taken that off right away and realized okay this this stock is a red flag like today xh when I was trading xag after my third entry I think I had an entry at $2 an entry at 230 and an entry at 250 my average was around 230 and I saw the the way the volume was coming in and the way the volume was coming out of the other

12:24 stocks which were Duo and I believe there's another another Chinese stock so that's what made me realize okay this is like I need to get out and I got out at a $50 loss as soon as that first flush came I got out pretty much of my average I marketed out whatever I had to go but at the height of that I was down like $300 so I I got out in a in a very strategic manner whereas in top I just

12:47 but the when you get out in a panic you're gonna always get the worst fill you're G to get the worst the worst spread and obviously if you're getting out an after hours and you have 10K shares on the thin name you know you your first fill could be at $25 and your second fill could be at 35 that's pretty that's the way it went down and and I had too much size and the way I

13:10 was doing it the whole time I didn't do it that way on T but essentially what I realized now is holding a short overnight you're putting yourself the second you go into the after hours or the few market and you're holding a thin name that thing can do anything man it could go like TN I don't know you still not not not not in the last month or so in that but but I understand D like dude I'm the

13:35 king of swinging I'm the king of being stuck with too much size and short positions going into after hours I'm the king of it I'm very knowledgeable so getting out before after hours is good ideally you don't want to wake up and get a TN where the thing went from five bucks to I think $102 and I don't think I think the broker didn't take a lot of people out a lot people got lucky but someone got taken out if that thing hit

14:01 on 102 someone got taken out so someone probably lost a lot of money so that's one thing I've implemented in my future is okay do I have a plan to swing am I going to swing stocks that are trading in out of all the China stocks today I traded Duo because it had a 7even million float and I know it has a bigger float so even if I get stuck in this thing after hours or something it's

14:23 not going to go as crazy as something that's thin right like qh or no not Q which one One X AG was trading very thin I think it's like a 1 million float U zcmd is a 1 million float for sure so these are just the China names that were going going around recently so but either way I just want to trade intraday and if let get to a point where I got to swing I got to just take the loss

14:48 because that's not something that I'm willing to do at this time maybe in the future I'll Implement something like that but that's definitely something I'm not trying to no but like a lot of people think like it's not going to happen to them or like it's not going to happen to me or I'll get away with it this time like you absolutely cannot like average in too much size to a short especially on a thin name especially on

15:11 a low float and sometimes you don't even know the float or sometimes the company's bought up the float so it looks like it's a big float but it's actually trading really thin or maybe it can maybe you don't realize it's trading thin then after hours it goes really thin like just no matter what like you can unless it's like Tesla a real company like you cannot like you cannot and you cannot hold these whole big size

15:36 stock in a short overnight it's just like and people think it's not going to happen to them but if the look at it's it's I really appreciate you coming on really appreciate you sh the transparency like we need more people like this because you sh to help people like what can happen if you hold too much size after hour yeah essentially yeah this the spread this spillage TP went to 24 so if I didn't get out I got out right at the

16:01 after hours belt like literally like like 30 seconds after if I did not get out of that time and I just kept holding this thing hit 240 so it would have cleared out all my money and I wouldn't have been able to trade again so took your account yeah I would have taken my entire account yeah but look you've got to think at the end of the day like you've still done what most Traders will never do like it it's it's

16:26 like tough to hit nearly half a million and then be back down to like 174 175 but you just got to think like you know enough to make the money really one silly mistake like one kind of silly mistake yeah but it's going to be a it's going to be a cup in handle though it it's been yeah exactly it's been three years I mean I put into perspective I've been trading for three years now as of September my Premier

16:51 broker was my first premier broker I open three years ago it was September 2021 so I just tell myself you know what man this is not one of those things that you know it's not a get-rich quick it is a getrich quick scheme in a way because you can things can happen fast but it's one of those things that you need to put in the work a lot of work like lately I've been putting in more

17:12 work than I ever did to be honest at this past month especially so and it's catching on definitely catching on but look if if you've already cleared just under a couple 100K and you were up 500k and You' put in Crazy amounts of work and you already have the talent to show that you can make the money then I'm pretty confident that you'll you'll bounce back and it's fantastic to log this episode now while you're in

17:36 this position because you can always look back on the episode and be like look this is where I was this is what I thought and then in a year time from now and say this is where I am now how will be you now by the way I'm 30 so I'm about to turn 31 you've got you've got lots of time to turn it around and I mean what what would you say were was the top couple of lessons to summarize

17:55 from from the recent losses just to to help p a new Traders and then look at some charts okay perfect so essentially what I never never did which I should have done it it's extremely embarrassing because I've paid for a lot of mentorship courses right like I've done mic I've done investor on your ground I've done you know the deck War thing I've looked at a few other things too but there's one thing that did preach

18:18 that I thought I was too good for and it's to wire out and it's to use stop losses I didn't do that I did wire out quite a bit but since I was pretty well capitalized in my life I wanted to use the money towards my trading but I wasn't experienced enough to trade that much money right at the time so I still don't think I'm experienced enough to trade that much money so that being said

18:39 I should have wired out and I should have had a Max broker loss and I know everyone says this but I have one now I have on both my accounts I have one yeah you need a Max ROK loss but it should never get to the point where you where it kicks in you should be soing yourself out before it comes that's the thing so what people don't realize is if you like if if your broker is taking you

19:02 out if your max broker loss is coming in then you're not in control of of your trade because you should be cutting and then getting back in cutting C getting back in type thing right so yeah all the mentors they reached that and and I had all the resources so it's really is my fault so I would encourage someone to do that when paper trade or trade with really small shares starting out paper training is good because it gives

19:26 you screen time but it doesn't get you experience with getting fails because getting fails is a big part of trading you can't just be trading anything and everything especially with if you're going to use size there's some things where I only trade like a couple hundred shares well nowadays I only use a couple hundred shares but even back then I wouldn't trade a thin day with thousands of shares sometimes you know because some scalps are okay you get 50 bucks

19:49 there 100 bucks there that that stuff adds up no no 100% agree and I think I agree with you on that Max L use it as well and it's just reinforcing a bad habit like if you let yourself get took out by the broker you just reinforcing that you don't have control of the trade like I I completely agree that you should have it but exactly the way you've said it it should be like in case you fall asleep

20:10 in case you pass out in case in case all of a sudden you run out of the shop and you forgot that you're in a position like absolute last Cas scenario you should be getting took out I agree with that so we'll take a quick look so we'll take a quick look at some of your charts that's and let's say exactly the kind of trading style that's made you poent like that got you up half a

20:33 million and then and then that's up 200k right now so let me just bring up the chots yeah I would even encourage people to invest in software like trade ideas it helps a ton because I remember at first I was cheap and I didn't want to do it and then once I did it my game like Amplified because you're kind of watching The Market through this through like a lens right it's just the cost of business

20:59 and get a evening job there's another thing I'd recommend you know focus on the market so if you got to work outside work the evening shift and so you can be there for the market because you got to put in screen time without screen time it doesn't really work yeah it's totally totally totally totally agree okay so we're just going to have a quick look at your charts right now this is a particularly interesting one I'm not

21:25 sure what name this is but are you are you going short are you going you scalping long yes I'm I'm scalping short so this was back in 2021 this is pretty much how I started out I would just have limit orders in on momentum I would Set limit orders so let's let said I have one at 11 one at 1120 one at 1140 and they would all be relatively small like let's say 200 chairs on relative to my count size at the time at

21:51 least and once I would fill on a couple of them let's say I filled on a parabolic into 1120 1140 so my average would be 1130 I would just take the flush on 1120 10 cents and then I would expect the stock to go higher so then I would start out again at 1160 1180 1199 because I IID always do 99 for the full dollar mark because I noticed it would sometimes it wouldn't hit the full

22:14 dollar mark it would always stop at 99 that's just something I did it worked a lot it worked a lot more than you can see again this is just one chart I forgot which ticker this was but this is I think the end of the day day into like the this is like the last two hours cuz the last two hours is when stocks were really get going because all the people that are stuck short from the

22:35 beginning of the day would be stopping out and that's when I would start doing these scalps and I just get in and but the only bad part of it is I would never get the other side of the move so it was it was really Reckless now that I think about it but it's just what worked for me back in the day right it was a different Market all but you're like fighting the trend yeah right you

22:54 scaling fighting the trend but you still found a way to like make money based on kind of the T bre in the level two exactly and you're kind of like reading exactly you're reading the price action and the price action back then was way different than what it is now way way different it's so hard to explain but things would just give you more parabolics and then they would give you that flush to get out and I noticed

23:20 even when I would paper trade and when I would watch like tickers I realized if you get a couple pills in a certain range you almost always get that flush it might not be like a massive fate but you might get a 10-cent flush on your average so you can just get out right there and you can just plan higher if it goes go higher I'll just move on to the next stock and do that okay if that

23:41 doesn't go higher next stock next thing you know you've done that a few times and you have a couple hundred Bank on your day right so that was the logic I had coming in and man that market was something different like we're never going to get a market like that again at least I don't think so so that's why I think I capitalized well at that time obviously it'd be nice to be able to trade the backside and bait it but I

24:04 mean for someone just coming into trading I'm proud of it obviously now when I work on things like G up short which is which has been a pattern that's been around forever so that's something I'm I'm looking into extremely hard I'm I'm doing data test on I'm I'm taking every Gap short candidate's chart and putting it in my computer that's something I'm looking into now but yeah this stock is in the gap of short this is the this is Duo from today so

24:31 this is the way that I I scalp it looks a bit Reckless on that parabolic on the 11 A.M Mark but each each each arrow is 10 cents apart on that 11 am push so what's at six arrows and each arrow is about 375 shares so I think at the end of it all my average was 325 at 2,175 shares which is it all that much not bad yeah not bad it's not bad it not

25:03 so yeah so I was like okay I was gonna I was willing to add up until F 399 and then at that point I I would give it another look because at that point I would have what I would have 3,750 shares and my account is is is it's it's not massive but it's up there you know so that's 3,000 shares or even 4,000 shares for an account for my size isn't isn't a big deal I could take I could

25:26 take a dollar loss on that and be okay that would be $4,000 loss but just the statistics of it happening are high they always give you the FL before they run it back up again and if that was to come like when it came back down and filled me right there at 325 I was going to start scaling back in higher if it went back higher at like 389 399 4.1 so on and so forth is that you all is

25:51 that you out all on like on that green ticket on 11: clock it it's all of it yeah so you out all more or less each time you you end all you end on the arrows then out everything each time on the on the green text on the green exactly yeah and it's like it's just something I've been doing for so long it's not like an amazing strategy as I've realized as long as your stops are

26:12 you have a plan for your stop and you have a broker Max loss it can help mitigate the damages ideally I usually do have the bullets spread out a bit more than that but on a particularly Duo I realize okay this thing is a is a bit heavier than all the other China names running and the other China names running xh at the time had a lot more momentum so I was going with with my gut that this go go up and come down

26:41 hard and it did come down it did come down just I didn't want to wait because once I when once it hit I got my 10 cents I I you know what I mean I panicked a bit I'm not gonna lie my original plan was to take the cover at like 310 or 305 maybe even $3 where the 90 ma is right there on the chart but I took it earlier and as you can see well it's back up AT3 now

27:09 you're never going to get that home run here that's not not not that is good to go for home runs but you're never going to get that 10 20 30% trade hold something I got to work on yeah there you go cuz there's there's nothing worse than thinking that you're up on a trade you've got a lot of size Zone but it's start work and what I've seen a million times is that double bottom then you've got the higher low

27:32 you can actually see on the chart you what after the parabolic you've got the double bottom then you've got the high and low it's that ABCD but then it then it fails but I've seen a million times that that go to 4567 just just didn't just didn't a day exactly right and yeah that that dump is from the the markets too so that's like a macro related dump but see how it recovered right away so this thing is still in

27:55 play for tomorrow but yeah so I'm I'm trying to get away from these type of plays obviously you know they're in my playbook as long as my stops are in check I can at least be profitable on them and if if I have to reevaluate in the future I will but what I am looking into obviously is a gap short that's just another one of the same strategy this is backward sorry goad no seeing this looks

28:24 more like a long is it am I missing an arrow that that's a short too yeah that must be a short no I can say yeah it's on the same it's it's on the same condo yeah yeah so back then we were getting a lot of parir ballets and then dumped straight down and that's just me expecting it to go higher so then I had a a living up higher and then it just came down a lot of this is

28:49 reactively you know being instinctive towards the price option so I can't a lot of it I can't even vocalize if that makes sense but yeah I said I've kind of move on to different things in my playbook like the gab of short is something that I've been looking at very extensively and I want to do it different than how everybody else does it because everybody else if everybody else is doing it the same way you're not

29:14 gonna it's not going to be profitable so I gotta figure out a way that's different that's what everybody else has to do is essentially figure out how they're going to do it so I got to take my profit that is a first R day I believe yeah might be a gap of short actually but that might be a first this is a lot simple right you've got you've got your resistance lines you've got is that yellow line vwap or an EMA and then

29:41 you you shorten the pp after it's already broke down it's bit more simple exactly easier on the heart this was before this was before the before TP that's when things were clicking you know what I mean yeah so exactly that was pretty laid out I think it was a multi-day runner so it might have been a first red day but OC the other day was a was a gap up short which I did well on the entry but

30:06 the exit I did not do well on I wish I did better on the exit and there's a lot a lot of them they're coming they're coming by every day and from what I've been tracking them they've been doing really well it's just sometimes they'll run it back up and there'll be games so ideally if something is if I'm short something and it's moving up at 10:30 I don't want to be in it or if it's

30:31 making new Highs at 10:30 I want to at least be cautious and what I like about trading Market hours is you can set a stop right rest once you set a stop you're like okay you can just set it and not walk away but I can look away a little bit so which which is the ticket always say to you yeah if you go on the the chat presume you can see I sent you the chart okay so we're looking at OC this

30:55 is your this this is a gap short this is what you that's this is what you're moving towards now yeah so essentially you can see I got my entries in the beginning as it failed because once I got a certain percentage out of the way I take my profits and essentially if I can do every day I can have some sort of padding right towards my day so it just it's not like I'm going to get the full

31:22 fade although there is Edge in getting the full fade if everybody goes for the full fate there's going to be games so I took everything out you can see right there and there's there were games so I had limit order set up up I used to Halt bands as a guide a lot of times especially when it's a thin name I think this was like a 1 point something million float so all those orders got up

31:43 top on the 10: a.m. can do til the last Arrow was right before the halt so they they hit it up to the halt level got everybody stopped out I had a fantastic average I think it was like 440 450 but I took the the flush right away which honestly if I held it I could have made double right and I didn't get back in at 11 when I should have got back in at 11 at least a starter at risk high of the

32:08 day which I didn't do and then look at the fade at the end of the day it was beautiful so that's something I'm trying to work on now but did you have any type of criteria or anything that you're looking for any kind of edge that you try to research in these Capas I know cap I I made by when I made the 100K I made it on Capas so I know them I know them well

32:28 okay okay great so yeah float is one of the things I do look at I know people like the low float ones it's just personally I've noticed when they're like Nanos and stuff the cost to borrow gets very high and I don't like to put first of all I'm only going small size right now right with with this setup until I feel more comfortable but I don't like to put too much money down on locates right away because then what's

32:54 going to end up happening is I'm going to trade it wrong I'm going to want to get it right away way and then I'm going to scale aggressively and I want to scale proportionally I don't want to scale like I don't want to throw too much size at one place I want to be ready like on OC I was ready for this thing to go to five bucks I was ready and I I would have my first entry was

33:13 419 my second entry was 439 my fourth entry would have been 20 cents apart so on and so forth up until 499 I would have been scaling my average cuz I'm ready for other people to stop out but I know for after that 520 where where my next ad would be that would be a buy order because that's where I would stop so once I have that criteria in place it just seems like it's almost like you

33:36 just do it right you don't have to think about it and most of the time when you get that initial flush that initial flush I just take it like that was a 30 30 Cent plush I'll take it and if it's on a couple thousand shares 30 cents I can at least pad my day and start my day with with a little bit of a cushion and then I can go back to doing what do with my scal or I can just walk

34:00 and go do something else with the rest of my day but I do like covering the initial FLH I don't like sticking around all day that's not something I like no but I understand what you're doing because what you could have done is add to a winner saying I'm going to play the all day fade going to take the whole day average to the winner you put too much size and the falls and then you stop in

34:19 the 4 40 use and you give everything back so in some ways it's like say fact to just lock in your profits at and say I'm done actually I remember when I was Trading gab as making the most money I was doing exactly this shorten shorten the open covering the de shorten waiting to see those other squeeze if there was and it looked like was topping out sh in the squeeze covering the next step and leading and know and know I remember

34:42 leading 102% every single day on trades but sell made 100 Grand and I wasn't trading that much size I was there a small account it grew and grow and grow and grow was like a $600 account so I I don't I don't criticize this strategy at all and obviously it's we for you but I'll just exit screen share one sec we'll go back full screen so very very man you've had a you've had a a really interesting

35:11 Journey really interesting trading style so just to sum it up the the averaging up the averaging up and then getting out for the 10 cent profit that's something that you're not doing so much now or you trying to get away from it I'll will do it but I will do it with such small size that when I do stop I'm not giving back like a week or something you know what I mean I did it on du Duo today but every bullet was

35:39 like 375 shares or something like that so at the top of it all my size was was 2,000 something shares so at that point I don't mind taking a dollar on my average you know what I mean so even if I lose a dollar on 2, 275 shares I'm only losing $2,000 so at least I I I mean right now I'm not making that in a week but I know it when I start throwing enough enough trades out there I can

36:04 that would be about a week's profit so that's pretty much what I risk I know they they say you should risk like a day or two worth of profit but this is just the way that this strategy plays off for me but there are a lot more opportunities with this style that's the thing you get a lot more tries if that makes sense right no Mak it makes sense but I mean it's like I understand what you're doing

36:29 completely and I can see how you've really really really got the probability on your side but the one time it doesn't work it's going to hit you but I mean it's but you know that it makes more than a week's profits before you lose a week's worth of profits the strategy makes more weeks of profits before so it's it's a been up and down because you feel good a lot of time with these small scalps and then every now and then

36:49 you're bit bit upset because you just give a week away but longterm it works that's the most important thing long works exactly and that's what I've seen so far right now and this is like a much harder Market than there was back then back then the stocks were much more I guess you could say volatile like in the sense that they would go 550 520 555 515 so you could even you could literally juggle a stock what would what would

37:14 you call that right stocks would do that a lot more before than they do now now they kind of Prov in a very algorithmic I guess way I guess you could say computers maybe I'm not sure yeah yeah yeah I understand what you're saying and then and then the other Str so most of your so most of the money that you've made in terms of that five from on the run up that was literally the strategy

37:37 that you were doing the the sculping strategy that which we just discussed yeah crazy you made half a million doing that yeah crazy actually bad but St collection too sock selection too but and then the only reason why you lost a lot of it is because you held it after I was dop correct yeah Christ it's crazy yeah one play when one play does it it it does it hurts but at the same time you know

38:08 there is a human behind this thing and I up but it's okay right I still I still got chips in the game you know so as long as you got chips on the table we're still going yeah but I mean the fact You' you've had a you've had a strategy that that has proven to have success over long periods of time and yeah you might take it you may take a week's loss but so what you've got the

38:29 broker stop involved now and and the only time it really went wrong is when you didn't follow the rules so it's not like your strategy did that it's like you let it go to after hours yeah that's it there was a lot of sides to get out of that play a lot of sides that I did not listen to but that was one of them that was one of the main ones for sure just before we CLS out

38:52 is there any any more tips you can give on either of the strategies that could help new Traders with the r or do you have any like golden noet for anyone anyone stall N I think I mentioned this already but like I said get an evening job and put in the screen time just just invest in trade ideas use a scanner the trade ideas you you look into the market like I have it set up right here I look into

39:17 trade ideas I know what's running after hours and I keep trying of it for tomorrow keep a journal track everything track your charts track the daily Runners track what qualifies for for Gus or gab up short stuff like that just do the work invest in the software don't be cheap experiment a lot because you know you got to experiment with different strategies and stuff like that you don't want to do the same thing everyone else is doing and

39:45 that's pretty much it you know but the the trade ideas is huge it's just the cost of business you gota you gotta watch the market in a different way that's just my opinion personally but I think it it helps speed up the learning curve no it's it's it's been a it's been an eyeopener because at first when I look at the strategy that you that you're showing it's like average averaging up in the parabolics that looks a bit that looks that looks like

40:11 it could be dangerous but someone like me who has no discipline but then to say that you've made half a million from it it's just like oh to say that you you you'd made so much before in a that related it's like well no it works it works and not many other people are going to be doing that strategy so that's a red right M exactly so very cool man I really appreciate you coming on really really

40:33 appreciate you showing the strategy making it public really appreciate you being on Kim for and if anyone else wants to jump on Kim for join Kim for for free for month as well and other than that unless there's any final comments so just thank you for your time thank you so much appreciate it