So welcome everyone! Uh, today sitting at this table, we've got over 18 million dollars in trading profits. uh I'm at the head of the table. Of course we've got Chris resident short seller Manoli Hamang Danny Max and Jess and the topic of this episode is I Want to hear what your secret weapons are I want to hear how you did it, how you made it happen So um, let's go ahead and uh, jump in. where should we start? Danny Chris Who wants to get started? This is going to be uh, you know what, your secret weapon and give me your golden rule for trading.

What is the Golden Rule that keeps that account growing and keeps you from blowing up your account? Let's start with Chris All right, thank you Ross So I think you know my my secret weapon would be sticking to one strategy. You know that's really where I found consistency which is kind of a no-brainer but as a newer Trader and you know my first day trading experience goes back to 2010 and I didn't have uh the education I got with Warrior I didn't have the tools I just didn't have the access to the the amazing day trading education I've gotten here. so as soon as I would take a loss or have a losing day I'd be like oh, this strategy doesn't work. you know like I need a different indicator or I need to watch a different YouTube channel or you know I constantly abandon what I was working on for the next new thing.

So when I started up again um at the beginning of this year, I Uh, I knew that was something I wanted to change. So I spent a lot of time honing in and focusing on what I want my strategy to be and then once I make that decision, sticking with it. So ultimately, you know the first question was, well, what type of stocks do I want to trade? So I settled on small caps. Then you know my long bias, my short bias I decided that I saw more Edge to the short side and then what type of setups am I looking on that looking for and then I decided on extensions.

You know, stocks that were having momentum and looking for a mean reversion play. Back to um, just the trend line which is the 13 EMA for me. So once I settled on all of these parameters, it just became about optimizing, right? So when I had a good day or bad day, what did I do right? What did I do wrong Why didn't it work? Uh, today? Um, and you know, was it because I didn't follow my rules I didn't follow my strategy? What did I do differently? And now that I had such a specific trading plan, it was a lot easier for me to see the variables involved, what was working, what wasn't working? You know, because when I had a hundred different things going on, it was really difficult to kind of pinpoint what I was doing and what I was doing right or wrong. So when I really got focused and I decided this, you know I'm going to stick with this.

I'm just going to get really good at this and it's even just one setup. That's when things really changed for me and I found consistency. so you know I definitely call that my my secret weapon. just sticking with one strategy.

Okay, and I guess in a way that's a it's a bit of a golden golden rule just to stick with what you know works even during. Uh, the downside because I mean the thing is, with any strategy, even the best strategies allocate usually 30 of the time to be wrong. You're a little higher, but profit loss ratio makes you know. In any case, um, that's very interesting.

Okay, um Jess let me hear from you. we'll sort of jump around here today. So what is your golden rule? or um, secret weapon? And these are kind of two different questions? But yeah, they are kind of. um, well.

Golden Rule and secret weapon. They kind of go hand in hand if you think about it. Uh, you know, because one keeps you safe in your secret weapon. You know, really excels you in what you're doing.

But my Golden Rule is is not having too many rules. I Don't like lots of rules because it keeps me very apt to trading anything that's moving anything that's trending any type of stock. you know I found that when I have too many rules. um I would avoid.

You know, avoid this stock. Avoid that. avoid that flow. avoid that price.

avoid. you know a a dip and it would keep me out of a lot of really nice trades. Um, you know, other than that, my go-to and what I really like is I like to um, put on my jet pack. Yeah and I I You know I like to ride those those stocks going straight up to the Moon stocks.

Yeah, um no yeah. I like you're looking for rate of change. I mean yes I like I like it's not moving. you're not.

Yeah, exactly. Um, anything. even if it has a high flow. if something is showing me high rate of change, um, it's it's showing me that I have range within that stock to make money.

Um, and that's and that's pretty much it. Other than that, it's technicals within that uh, actual pattern or that stock. Yeah, okay, what do you say? So for me, uh my Golden Rule is to decrease the decrease the amount of red days that I have I think you know and and the way I do that is with my secret weapon which is to study the markets ever since I you know became profitable. Uh the way the reason uh and you know I think that the reason why I'm profitable is because of my Golden Rule I try not to have as many red days as possible I become really really serious I become so serious that hey uh, not not like you know if I'm down like two or three hundred bucks I count that as a break even you know and at this point for me like if if I'm down a thousand bucks I'm still gonna be like okay, this is uh, this is okay I can take it.

this is this is okay. but if I'm if I start getting into in the range of like negative four or five thousand dollars or like ten thousand dollars then my strategy is to really just, you know, back off, really tighten it up, and then really tighten up my risk parameters and find out what is a reason why. Is it not working? Is it the market? Is it the way that I'm trading am I Is everything okay emotionally is everything okay in my personal life? Uh, what's the problem and I would say when it comes to the market, that's where my secret weapon comes in. Uh, you know when I first started trading I used to you know trade I do trade a lot like Ross so uh I I started off that way but now I basically trade in a way that I focus on the market and I find Opportunities where uh where where I can decrease where I feel like I get the conviction I can decrease my risk as low as possible.

so you know. Being that my secret weapon, it really kind of helps me. Whatever helps me to like decrease my red days. That's that's my, that's my go-to anything at the end of the day.

Yeah, that's good that I mean that approach of trying to keep the red days as small as possible and as few and as far between. That is a survival technique because I mean red days happen. But you know, even for a big Trader if you have four or five ten big red days in a row, I mean you can lose 30 of your account 50. you could lose more very quickly.

So I think one of the biggest struggles that a lot of beginner Traders have and that I certainly have had over the years is when I start going red. How do I have the presence of mind to stop and cut it at? minus three grand before I rolled minus 8, 12, 16, 20. 25, 30 It just gets bigger in balloons. So you and some people are naturally better at this than others so you may not have a specific skill or strategy to use.

but is there something that you're doing that's helping you in real time? like a red flag? Be like hey, it's time to get up and walk away. I would say it comes in waves. you know, some days I'm really, you know up to it I'm like okay I'm down negative 3 000 and you know the market is not anywhere near where I can make the money back up and then you know become green. Some days I'm really good and some days I wake up.

um you know and those could be days where I'm you know on my routine I come in and I just for some reason I just keep digging deeper and deeper and from as far as I can remember, the reason why those things happen is because there was something off in my routine. as in like there was something off in my unanalyzing mind. Either that's my morning checklist or is my risk routine. Uh so there's always something that I can uh at least in the in the in the past I was able to pinpoint down to like okay this is what it is and I think that kind of helps me like going down I know not to be like so toxic that you're always just you know putting yourself down but you know at least find something.

Don't suck about it too much, but find something and next day and make it a point to you know, work on it I think slowly and surely you will make it through nice. I Like it Manoli, What is your secret weapon? What are your golden rules that keep you building that account? Yeah, so I feel like um I'm closer to Jess on this one I don't really have a golden rule? um I kind of just as far as like a secret weapon. I pretty much just trade the theme. so I'm I'm bouncing around and I'm not trying to put too many rules or restrictions on myself because I just want to capitalize on what's ever moving.

um now I do like to think about like the psychology of it a lot. So I try my best to stay ahead of what other Traders might be thinking or where they might be headed so that just kind of comes hand in hand with the theme. trading though, nothing special, nothing crazy. but if I notice like you guys have heard me talk the last week or two, if I noticed that pennies are running or something's running, reverse splits, whatever it is I'm going to be looking for those next place I'm gonna be looking for the sleepers looking for them and I might get in early and and sometimes that works.

sometimes it doesn't but I'm just I'm just a theme Trader that's pretty much it. Okay, so focusing on the theme. what's hot right now trading front side of those moves right? Okay shorting the back side or no, no, just front side. Yeah I tried shorting but then for me I feel like that took away for my conviction when I was trying trying to trade because then I was 50 50.

I was like always looking for short and along and then I just get chopped up. So I just stick to the long side for the most part. kinda okay. Max What about you? Yes, I'd say more.

Similar to Hamang in this sense. Um, in that you know every one of us are gonna have losses, but it's a matter of how you respond to it though and bouncing back from it. So for me I like to think of it in multiple ways. um, or do multiple things to come back from a loss.

For example, sometimes I'll think of it as you know each loss is one step closer to a success and I'll use that to kind of better myself and learn what I did wrong and learn from it. Um, or I'll just take myself out of the market and try and do my best to not look at the charts as best I can. Sometimes that can be pretty challenging to do, but I'd say that you know each loss though. I'll try and learn from and do better about um, like right now.

I've had a lot more losses recently in this market, but I'm learning and figuring out what's working for me and kind of doing the stuff that isn't working and kind of filtering that out so that I don't do that. Yeah, yeah, no, that that makes sense. I mean the thing with losses? Obviously, they happen. Uh, it's it's a lot easier to brush a loss under the carpet and kind of like walk away from it when it's smaller right? so the better you can get it.

Just cutting it quick before it snowballs is, uh, makes the emotions so much. Um, it's just so much lighter. so much easier. it's easier to rebound, sees your rally back all right.

Danny What about you? Yeah? I would say I agree I Agree with all these guys. Really good points brought up. Um for me in particular. I would say probably patience and persistence have been my two um, key traits that have kept me alive and kept me going.

um, especially in the tougher markets. It's just so key to to keep yourself afloat and learn from the mistakes that you're making. Try to make them less and just try to get better at what you are good at. um to Chris's point that he made about honing in on one specific strategy I think that's a huge Point Um, and when I was learning and really didn't know anything I was looking at all kinds of different indicators and like take the trade when the 13 EMA crosses the 20 and all kinds of stuff like that.

Um, but you you do learn to get in tune with the market and how price action moves and just focusing on one specific setup or one specific play and trying to cut out the rest of the stuff that's not working. Um, that's been kind of key for me. Well, one of the things that we talked about earlier a little bit were the AHA moments and so for me, one of the ones in this ring true with someone else. Um, one of the moments for me was, uh, after a big Red day and this was early way earlier in my career, big Red Day account was below PDT So I couldn't trade the next day and so since I couldn't trade I looked through my metrics and what I noticed in my metrics was that uh I had very a very narrow band of what was working.

So I sorted my trades from one biggest winner to Biggest Loser and I was like okay, if in this last 30 days, you know I had only taken those 10 winners obviously I'd be up like 30 grand. This would have been a terrific month instead I'm sitting here, you know, read whatever it was five grand or something. So I looked at those trades and I was like what do they have in common and I also looked at the biggest losers I asked what they had in common and by doing that I was able to essentially within all of these uh trades, find that there was a sort of sub strategy to my sort of haphazard day trading strategy of trying a little bit of a lot of things. There was a sub strategy that actually was profitable, but it was buried under so many other trades and so much jumping around that I didn't really know it was there moving forward I said okay I am only going to trade these types of stocks.

it was a certain price range, a certain float, generally pre-market gapper, generally with news, but also sometimes there was another Catalyst that was just making it squeeze up. In other words, I was only going to trade the stocks like Jess that were moving up quickly and that meant for the following weeks I was only trading like maybe two or three times a week. but I started trading with bigger size on each one of those trades I thought let's see if it makes up for it and it did. and that was my turning point.

So like my Aha moment in a way was was simplifying. My strategy was, you know, simplifying my trading way way down. and I think that something that a lot of Traders get into is this Jumping Ship You know. Oh shoot, small caps aren't working today I'm gonna go trade penny stocks and now themes are okay, but like you know, small caps aren't working I'm going to start trading options, they start doing something totally different.

They go way outside their comfort zone and then they get into this position where they're really trading from a point of desperation. Everywhere they look, they're just desperate, desperate and now the law processor stacking up. the stress is getting higher and the pressure is only increasing. and these are the traders that start to just spin out and they disappear.

Now many of us probably could have had that exact thing happen to us, but at some point, whether it was the response from a big loss, the way it was for me, you know it was blowing up an account and being like okay I've got to press the reset button and take this seriously. Whatever it was, it was enough to get you dialed in to focus on one strategy because survival in the market I Mean just to begin with, it's keeping your head above water and you're going to do that through one strategy, one go-to strategy. and then you start to add strategies to three, four, and five. So on that note, let's real quick, go around the table and just call out your favorite strategy setup.

um, mine probably would be. uh, a super small cap low float Momo stock right at 8, 30, 9 A.M has news. The news is like, um, you know, maybe an investment from Amazon or something like that. something big, something really solid could be a pharmaceutical company and the stock immediately squeezes up on an algo.

Spike like 50 it does a micro pullback and then it keeps going and I'm in both on the algo. Spike at half dollars whole dollars and buying the micro pullbacks and I make like 100 Grand in one day. That's my favorite setup. Okay, I'm like Jess Let me hear your favorite side.

My favorite setup is kind of the same thing. It doesn't have to be time related. Um I like to see something where everyone gets trapped. Everyone is caught off guard.

Algos You know Traders short sellers squeezing? You know, straight up halt. um does a a, you know, a huge flush and that flush gets bought up immediately? Um, to kind of give that Wick uh. reclaim pattern. Yes.

And what that shows me is that, um, that extreme momentum right in that moment in time was just a minor part of what's coming. So it shows me that there's going to be, you know, much more out of that stock. Cool. I Like up.

Oh yeah. and I make uh, 200 Grand 200. so it would be 100. Grand Wow, Yeah, okay.

uh. Max what's yours? Uh, you know you kind of made fun of me for this one yesterday. Ross But I have a very visual setup going on. um around all-time highs.

I Like an ABCD pattern between the C and the D with a bottoming tail. It is very specific, very specific. but I got it right in my mind. I know.

but that's what it is. that's I Mean that's like the whole that's the whole thing you. You visualize it. You know exactly what you're looking for and that's why it's so good to print out charts, your favorite setups on your desk.

So when you start seeing it forming, that gives you that extra conviction to press the buy button. Danny What about you? yeah? I Agree with Jess Um, halt up multiple times. Awesome blush by the dip. Buy the dip.

Oh yeah. Oh God yeah, nothing feels better. Yeah I remember that 10 point, uh, false all down and then hauled up on Acy Yeah, that was incredible. Ten points.

It's the best feeling. It is a great feeling. Chris What about you? I'd say my favorite setup is uh, probably building a short position on a grinding up stock to about thirty thousand shares secondary offering and it immediately halts down. Yeah, it never looks back.

Yeah, what do you missed today? Yeah, the funny thing about the one I got away. Uh, Chris had a 28 000 share short position on that exact same setup today. He covered it for a loss. Five grand.

Not two minutes later, 10 million dollar secondary offering stock drops like 30 percent. Uh, it happens. You have the right idea. Manoli, What's your absolute favorite setup? Yeah, my absolute favorite.

So I haven't gotten to trade this one in a while. It's gonna be a washout long after a parabolic move that was Catalyst driven. So I think the most recent one we had was it w or dwe yeah it might have been. there were some huge washout Longs on that.

Love that You know you get. you get. the thousand percent move and then you get the halt down that drops 50 60 and then you just get the size into it because it has tons of liquidity. Yeah, and then it.

and it has so much range that you can make 50 100 like that. and a lot of times they haul going back up and they can haul going back up. That and I'm throwing another one in there. It's Sympathies: Sympathy I Love Simple.

Honestly, me too. those are see So there's something of my favorites because sometimes I miss the initial one. it gets too expensive and I'm like I can't I can't trade it up here. and then you see the neck of the sympathy that's so similar.

Boom! those ones are hot A lot of times that's also cleaner. Yeah, come on, what about you? Uh, I would say my favorite setup is you know it starts off as your regular, uh, obviously bullish trending up high. It could be like a bull flag ABCD and then it's It's going up a little high, almost to a point where it looks like okay, it's too extended now and the shorts start coming in. I like it when I like it when all those shorts, it looks like it's almost getting bearish.

but all of a sudden it just changes and boom, it just goes up and halts and then from there I Love it. Well I love it the way that uh Danny and uh, just put it. I just want to see them keep halting. yeah one after the other.

Yeah. Awesome! Okay so I hope this was helpful for you guys I Hope you enjoyed it. This was a pretty pretty fun episode and we've got some more coming real soon, so stay tuned for the next one if you're still watching. You must have really enjoyed that video.

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