Income tax 2023-2024. Other adjustments to income tax software example. Get ready and some coffee because although the best things in life are free, you know that eventually the government will find a way to tax them, which means we have to be ready with income tax preparation 2023-2024. First, a word from our sponsor. Yeah, actually we're sponsoring ourselves on this one because apparently the merchandisers, they don't want to be seen with us.  Like our, trust me, I'm an accountant product line. Yeah, it's paramount that you let people know that you're an accountant because apparently we're among the only ones equipped with the number crunching skills to answer society's current deep complex and nuanced questions. If you would like a commercial free experience, consider subscribing to our website at accountinginstruction.com or accountinginstruction.thinkific.com Here we are in our form, 1040 example problem using LASERT tax software. You don't need tax software to follow along, but if you have access to tax software, it's a great tool to run scenarios with. You can also get access to forms, schedules, instructions at the iris, website iris.gov, irs.gov. Looking at our standard starting point where we have Adam Taxman. Just trying to avoid a dang tax man. Living in Beverly Hills 90210, single filer W2 income starting at the 100,000. We've got the standard deduction 13,850, getting to the taxable income, 86,150, we can mirror that in our income tax formula in Excel, 100,000, 13,850, 86,150 taxable income, then the tax calculated at the 14266, which we can see on page two of the form 1040. Alright, let's go back to our first page. Let's look at our point of focus this time, which is on line 10, adjustments to income from schedule one. Let's look at the schedule one, which is the additional income and adjustments. We want to see page two, which is also part to the adjustments to income. We're down here on lines 24. So you can see line 24 being called other adjustments, meaning that these are probably not the items that are going to be most commonly used. However, they are used from time to time, and some of these other items have their own individual line items from A down to Z, and we can see that Z, of course, is where we might put the items that don't have any other line item applied to them. Okay, so then let's start off with the first one where we have the jury duty. Where was it? There it is, 24A. So we have a jury duty situation. The jury duty, you're going to get income, and we saw that on the income line up top. So we'd say, okay, well, what happens if you had a jury duty situation and you had income from it, but you're already getting paid by your employer, for example, and because the employer is paying you your normal salary while you're at jury duty, they say that they want you to give them the jury duty pay, right? Because otherwise, you're getting paid twice for the same thing. So if that was the case, you might get a 1099 for jury duty pay, which means you'd have to include it here. And so we'd go, okay, jury duty, let's imagine it was $1,000. And I'm going to go back on over and say then that we have the $1,000. That would pull into page one of the form 1040. There's 1,000, but then we're saying, hey, wait a second, I shouldn't have to pay for that $1,000 because I had to give it to my employer because they're already still paying my salary would be the scenario. Why don't I just remove this 1,000 and not include it? Well, I can't do that. Why? Because the jury duty might have given a 1099 to the government. And if I don't include it on my taxes, then the government's going to say that you got money from jury duty that you didn't report. So how can we get to the same point so we have the income at the same place or at least the adjusted income? Well, we can also go to the schedule one page number two and say I'm just going to take it back out here jumping to the jury duty. And so now we're going to say boom, 100 or 1,000, I should say. So now if I go back on over, we could see it went out here. So it went in on page one as income and then we took it back out and that's going to show up on the first page of the form 1040, increasing income to 101,000. But then we reduced it again by 1,000, getting us back to the starting point of 100,000 and back to our same basically taxable income that we had over here. This is a common technique that you want to keep in mind because the underlying foundational idea you want to have in mind is if I get a reporting document from somebody like a 1099 or W2, I have to report it on my return generally. Otherwise, the IRS will almost surely cause me a problem because the people that gave me a 1099 or W2 also gave it to the IRS. That's the important part. The IRS is trying to act like they're helping you out, but that's not what they're really doing. They're trying to get the person who is paying the money to rat the person who received the money out to the government with the form 1099. So if they have the form, then if it's wrong, what am I going to do about it? Well, I have to either get it fixed by the issuer of the 1099 if there was an error and or in certain situations I might be able to show the IRS what happened like we're doing here. Hey, look, IRS, there's the 1,000. I put the 1099 information on here, but I shouldn't be taxed for it because I had to pay it back and therefore I'm just going to remove it back out so you can see it for informational purposes, although it doesn't have an impact on the tax calculation. Alright, next one, let's go back on over to the Schedule 1 and remove that and say, okay, I see what's happening there. Let's get that out of here and get back to our starting point if we could. I won't do that in Excel because I don't want to think it's pretty straightforward. So we'll go back on over and say, okay, next one, what if, let's look at this one, deductible expenses related to income reported online, 8I from rental or personal property engaged in for profit. So now we have a situation, let's go to the first page where we say it was on 8L, I'm sorry, I keep on saying I, 8L because it's lowercase, income from the rental or personal property if you engaged in rental for profit but we're not in business of renting such property. Now this one might not come up all that often but I think it really is a good indication of what we have to keep in mind with regards to different types of income. In other words, if something comes in, we get a 1099 or something like that and it's something that was subject to business income, meaning it's earned income, then we might have to put it on the Schedule C, noting that if I put it on the Schedule C, I have an income statement but it will also be subject to taxes possibly. So you want to make sure that if you're dealing with the Schedule C, you could have basically taxes related to the calculation. So let me just show you that if I was to say, okay, if it was an income, a self-employment type of situation, then it would be subject to self-employment tax. So if I had income of, let's say, we sold some 10,000 side job gig work and then we had advertising of 7,000, then we have income of the 3,000 but notice all the other things that are affected here. It's not just that that 3,000 is going to be included in income. We're also going to have the self-employment tax. These are the estimated payments, hold on. The self-employment tax is here calculated. So we have this impacted. So that goes up to the form 1040. So now we have the added 3,000 but we also have an impact for the adjustment because half of the self-employment tax is deducted. We have this qualified business income deduction situation and page two, we have this added tax for the self-employment. So you have to say, I'm not subject to self-employment in some types of income. So if I'm not subject to self-employment, then I don't want it on the schedule C. The other thing would be, well, what if it was subject to capital gains similar to like selling stocks and bonds? Well, in that case, we saw that you could have favorable tax rates. So if there was a disposition of something that we sold subject to capital gains, it was property that we sold and we sold it over a year old. We're going to say it's going to go from 010100 to 013123 and we sold it for 10,000 and we bought it for 7,000. Notice then, if I go back on over, now we have a schedule D situation, long-term capital gain, which is rolling into the form 1040 and so that rolls in and you're like, okay, that makes sense, but if I go to page two, then that's going to be taxed possibly at favorable tax rates because it's a long-term capital gain rather than ordinary income tax rates. So you have to think, okay, would that be the right place to put it because capital gains could have a significant impact if it's subject to capital gains because long-term capital gains could have a better tax rate and losses are going to be limited to the amount of income, right? And then if it's not capital gain rates, I'm going to delete that and say if it's not capital gain rates and it's not subject to self-employment, then you would think the income might go somewhere in the schedule one, right? So then I'd go, okay, it doesn't go there. It goes into the schedule one and we're looking for, in this case, income from rental or personal property jumping to that and we're going to say 10,000 and then if I jump back on over, that's going to be included and then the other side we're putting here and we're going to say to line number 24 deductible expenses related to income reported on line 8L, I keep on saying I, from the rental. So if I right click and jump to that, we're going to say that this is the 7,000. So now we have the income on the schedule one, the 10,000 and then the deductible expenses related to income reported on 8L from the rental personal property engaged for profit that pulls into the 1040. So there we have it and the 7,000 then pulling in here. Let me check that again. Wait a second. Did I put 7,000 income prior year? Yeah, that's right. Sorry about that. I've got the 100,000 plus the 10,000 brings me to 110,000 and then the 7,000. So the net of the 10 and the 7 is 3,000. So you can see the net change to our adjusted gross income is 103,000 and we still have the standard deduction of the 13,850 tax income at 89,150 page 2 calculating the tax, but now we just have the normal progressive tax rates. So that probably is not going to come up, that specific case might not come up that much but you might have situations where people get like a 1099 for something that's not really their business, right? And it might be some income you have to report and the question, it comes up in terms of what category of income is it? Is it subject to self-employment tax? Is it subject to favorable capital gains rates for capital gain income or is it some other income that needs to be reported that isn't subject to self-employment tax and should be taxed at ordinary income rates? Okay. All right, let's go back on over and check that out again. So I'm going to go back and let's remove those. So that makes sense, hopefully. They'll delete this and then go back on over and say, what's the next scenario? These are interesting scenarios right here. Wait a second. Page 1. Okay, I've removed it now. Next one. We've got the non-taxable amount of the value of Olympic and Paralympic medals, USOC prize money reported on line 8M. So again, probably not one that you see often, but conceptually I think it's useful to just take a look at. So now we're going to say that we have the Olympic and Paralympic medals. So if you have a client that's a medal winner, then normally prizes are something that you're going to have to pay taxes on and again, you might get a form for it like a 1099 or something that shows you that amount which the IRS has and therefore you're going to have to record it in income. But there might be an exception for whether you have to include it in income for adjusted gross income. So what we're going to do there is include it once again here and then if I can exclude some of that income, I'm going to report it in the non-taxable amount down here and that will net out in a similar way as we saw with the prior example. I won't do it this time because we've seen it before and this is a less common example, but that's the general concept of it and obviously we want to give our Olympic athletes the benefit of tax benefits as an incentive to win. We tax the losers. Okay, I'm not going to get into that again, but let's go down to the last one here. Z is where the other adjustments are. So obviously if you have some kind of income, remember the general rule from the IRS is everything is income unless there's an exception. So you can come up with a lot of different scenarios where you might have other cases of income that don't have their own line item, but which technically should be recorded in taxes and then you could basically include them down here. Now we also have this scenario with these 1099Ks which remember the 1099s is a situation where the IRS is trying to get a stranglehold on the economy and they'll probably be starting to choke out certain businesses like gig work, for example, which often consist of basically middle platforms that aren't really hiring people like a contractor or an employee. They're really connecting two people together, usually small businesses. So a lot of the gig work platforms, one person's going on it to provide a good or service and another person is being able to find them because of the platform. The platform is really just kind of like the Silk Road, the trading path that allows the two people to get together. Well, the IRS is going to have limited capability to tell the person who's going to issue the 1099. Is it the person who's getting the job through the platform, which would be very detrimental to the functioning of the platform because you'd have small businesses subject to these 1099 rules through the platform, or is it the platform itself, which is detrimental to the platform because it's supposed to, it's just really acting as a connecting tool, or they can go after the pay pals of the world, the financial institutions that are facilitating the transactions. So as they try to hit these different people to try to stranglehold on the taxes, then sometimes you might get like two K-1s or schedule K-1s or something or 1099s, one from the financial institution possibly and one from the platform or one from the other one you're doing business with and you'll have to correct that, hopefully going back to whoever issued it to you to tell them to fix it, but if you can't get it fixed, then you have to again deal with the idea that you might have to report it to show it to the IRS and show that there was an error in it or something like that. So we have an example also that looks kind of like this that they have in the instructions. Online 24Z, you would enter $700 and in the entry space next to line 24Z, you would write form 1099K personal items sold at a loss. So we have the situation in the entry space next to line 24, write form 1099K, sold at a loss and also enter the amount for the sales proceeds. So for example, you bought a couch for $1,000, sold it through a third-party vendor for $700, which was reported on your form 1099. So now you have a 1099 for 700. Again, the questions are, is that something that should be reported subject to self-employment tax, schedule C, or subject to capital gains, schedule D, or possibly over here, not capital gains and not self-employment tax and on the other section. So we have the same scenario with two other calculations where we might say, all right, well that means I have other income from the sale. So we could say, dude, and I'm going to say other and we had a sale, a sale of couch at a loss or something like that and we got the proceeds of $700 and so I'm going to pull that on over and say there's the 700 on the income side and then we're going to have to go back on over here and say it was sold at a loss though, so I'm going to basically pull it back out on this side, jumping over and saying something like, it was 700, it was a, and we say form 1099K, that's not a K, personal item sold at a loss and then I'm going to put the loss up to just the $700 so it matches what's on the other side so if I go back on over and so we're just taking the loss up to basically the income amount because it was a personal item sold, that's the general idea so once again, we have the $700 of income and then on page two, we're taking it back out, same concept here so that if I go to the first page of the 1040, $100,700 has been included telling the IRS, hey look, there it is, you got a 1099 for this but possibly it shouldn't be included in income because I sold it at a loss and I'm just going to put the amount up to the loss to remove it so that I'm back down to just my standard $100,000 again so similar kind of concepts that we've seen here being mindful of the reporting of the 1099s that are not only going to us but are going to the IRS as well now we have a similar kind of remedy that you might put in place if you had an incorrect 1099 so let's say the 1099 was just flat wrong you got $700, you shouldn't why because maybe you got two 1099s because two people issued you the 1099 one was the financial institution one was the gig work platform or something like that well then we're going to, once again, we could try to go to the issuer of the 1099 and say hey, you need to fix this because the IRS is going to think that I got double my income because two people issued me the 1099 but sometimes that can be difficult to do so the other option would be to say hey look IRS, here's the 700 I got and in the statement you would say something like it's an incorrect 1099 over here and then on the second page or the adjustment we would put here that we have an above the line adjustment to income once again telling the IRS hey look this is me negating the income I put up top just to show you the thing that matches your 1099 was incorrect here's my rationale for it so the IRS has the audit trail in essence of it going in on line 8 and then back out bringing us back to the $100,000 so one of the main takeaways of this whole section is that these things might not come up all that often hopefully they don't where you have an error in the 1099 you probably don't have that many Olympic athletes or whatnot but it emphasizes the fact that I think could come up in scenarios and at least with discussions with clients about documentation and how you're going to basically need to communicate with the IRS to cause as little friction as possible to communicate well so that the tax returns don't get delayed in whatnot in the refunds and that's basically going to be able to recognize what the IRS has they have the 1099s and whatnot so you have to communicate with them in a way to recognize the information that they have and what they don't have they don't know the information was incorrect or anything like that so you can have to deal with either fixing the 1099 or trying to find some way to show the IRS and match what they have on their side and then correct it so that they can see the audit trail of that correction


The end of the 19th century was a great time to be physicist. In 1893, Victor Schumann discovered vacuum ultraviolet radiation. In 1895, Wilhelm Röntgen discovered x-rays. In 1896, Henry Bacarell discovered radioactivity. And in 1897, J.J. Thompson discovered electrons, showing that they were the main constituents of cathode rays. Four major new phenomena were discovered within a decade, and this created the expectation that more were just around the corner. Then comes Professor of Physics at the University of Nancy in France, Prosper René Blondlot. Professor Blondlot, like many of the physicists of his day, was studying electromagnetic radiation. Blondlot was a well-respected member of the scientific community. He was one of the eight physicists who were corresponding members of the French Academy of Sciences, and was awarded the Academy's highest prize, the Gaston-Planter Prize in 1893 and the La Casse Prize in 1899 for his work on electromagnetism. His attempts to study the speed of electromagnetic radiation were commended by Nobel Lords J.J. Thompson and Henry Poncar, who had been nominated and astounding 54 times for the Nobel Prize between 1904 and 1912, since he could be nominated multiple times in the same year. In essence, Blondlot was a highly respected physicist at the forefront of his field. After the discovery of x-rays in 1895, Blondlot began investigating whether those x-rays behaved more like particles or as electromagnetic waves. This was still three decades before Einstein's wave particle duality theory became widely accepted among scientists. In 1903, while trying to polarize x-rays, Blondlot discovered a new form of electromagnetic radiation. He had received changes in the brightness of an electric spark placed in an x-ray beam, which he photographed, and he later attributed this change in brightness to a novel form of radiation, naming it N-rays for the University of Nancy. Blondlot was not alone in his discovery. After publication of his findings, more than 120 other scientists and more than 300 publications reported the ability to detect N-rays emanating from most substances, even the human body. Most researchers of the subject at this time detected the change in light by staring at a dim phosphorescent surface. A phosphorescent surface is one that emits visible light after being struck by radiation. Two other prominent scientists, with names I'm not going to try to pronounce, even claim the discovery as their own, forcing the French Academy of Sciences to step in and decide who truly discovered it first. The only problem? N-rays weren't and aren't real. The discovery excited international interests and many physicists tried to recreate the results. However, the notable physicists Lord Kelvin, William Crookes, Otto Lumer, and Henrik Rubens all failed to do so. After failing to reproduce the experiment, Robert W. Wood, an American physicist who was a pioneer in the field of infrared and ultraviolet photography and had gained a reputation as a popular debunker of nonsense during the period, was invited by the British journal Nature to travel to Blondlot's laboratory in France to investigate further. So Woods traveled to Nancy, France to observe the experiment in action. Being familiar with the workings of the experiment and wanting to test its validity, Woods secretly removed an essential prism from the experimental apparatus. Without it, the experiment should have failed, but curiously enough it didn't, and Blondlot and his team still said they observed N-rays. Further testing his theory, Woods replaced the metal plate that was supposed to be giving off N-rays with an inert piece of wood, yet the N-rays were still detected. Upon his return to America, Woods published his findings in the journal Nature, suggesting that N-rays weren't real, and that the scientists involved were recording data that matched their expectations. There's reason to believe that Blondlot in particular was misled by his laboratory assistant, who personally confirmed all of his observations. Kind of like a yes-man. No blind experiments had ever been conducted, and Blondlot's team only ever tried to prove the existence of N-rays rather than disprove their existence like Woods had done and like all scientists should do. Within a year, no one outside of Nancy believed in N-rays, although it's reported that Blondlot so believed in them in 1926 shortly before his death. It turns out, nearly identical properties of an equally unknown form of radiation were reported more than 50 years prior by multiple physicists. In fact, some of the scientists on Blondlot's team were even aware of those previous findings, although it's not clear whether Blondlot himself was personally aware of it. Today, the N-ray debacle is used as a cautionary tale among scientists on the dangers of errors introduced by experimenter bias. Not knowingly lying, sometimes expecting to see something can trick your mind into actually seeing it, especially when you're relying on qualitative analysis rather than quantitative data. I hope you enjoyed this episode of Everything Science, and if you made it this far in the video, you probably did. If you did, make sure to like and subscribe so you stay up to date on all our future episodes, and if you have an idea for something you want us to cover in the future, be sure to leave that in the comment section down below. And remember, there's always more to learn.


What's up everyone? My name is Alex. I'm one of the co-founders of MyInvestingClub.com and I want to let you guys know about something special we're doing for our viewers on YouTube. So the most common question we get asked is, you know, how do I start day trading? So what me and my mentor about it is we create a free two-hour mentorship course for the brand new trader. It's going to be available at MyInvestingClub.co. The link is going to be right here. This is a free webinar that reveals our 12 secrets that every single brand new day trader should know before they start. I also want to let you guys know about something that's very unique to MIC. So if you have any questions about trading or you're curious about trading or you don't know if MIC is the right fit for you, now you can text our head mentor, Tosh, whose number is going to be right here and he'll answer all the questions that you have in less than 24 hours. Thank you and enjoy the video. Hey guys, welcome to another Daily Recap. Today is April 30th, 2020. What a crazy day it is, guys. V-S-C-A-P-R, all these stocks which were supposed to be low hangers, but they didn't work out that way. This is basically how small cap trading, slow floats, pigs work, man. They are not obvious.  It's all about timing.  They are turds, but does not mean it's an automatic short right away. That's the problem with a lot of traders.  The PR is meant to pop and you're like, dude, there's really no substance to these PRs. They're just buzzwords. They put the word COVID-19 in there, coronavirus in there, whatever it may be and people chase them. That's the nature. That's because these stocks are taking advantage of the hype in order to raise capital for these crappy companies, for the insiders to sell their shares, whatever it may be. This stock, UAVS, was two days ago, 89 cents.  It's like me. I could probably IPO MIC right now and it would be worth a lot more in this company probably. This company, they're doing offerings, they're doing whatever they need to do. It doesn't matter what the reason may be. Let's go into right away. Let's go into right away. We always go through the same process every day, guys. What happens is this, we have two types of plays that we like to talk about in MIC. One is called the low-hanging fruit. What the low-hanging fruit is is the hot chick of the day play. We call it the hot chick. Basically, it's a hot play. It can be the hot dude of the day. It doesn't matter, right? It doesn't matter.  The hot car of the day, whatever you want to call it, the hot food of the day. What do we mean by hot chick of the day? What hot play of the day? It's basically a day one play that everyone's attracted to because it's on the scanner. There's two sets of plays. Ones are our scanner plays, which is day ones usually. They're like, you wake up and there's a PR and someone pumped it up and let's find the day one play. A day one play would be this, SNGX. There's no volume and a boom.  Sometimes it bounces. It doesn't matter. Yesterday, UAVS was the hot play of the day right here. This morning, I woke up. This is a two-day chart and this is a intraday chart. These are pivot lines drawn in. Do you want pivot lines? We have videos on how to add that to your chart. This was the hot play of the day yesterday. This morning, depending on how the gaps up or gaps down, it may or may not be a low-hanging fruit. A true low-hanging fruit is this. It would be something like CAPR. We'll start with a true low-hanging fruit play. Low-hanging fruit play is the play that used to be the hot check of the day, the very previous day. The very previous day, not two days ago, not three days ago, not a year ago, not a week ago. The very previous day, a low-hanging fruit we call, I call that the continuation breakdown play. It's continuing to break down. It became a hot check yesterday, went to $10 to APR, and it started to fade the rest of the afternoon. Now, it starts to fade. It says at eight, and then when we woke up in the morning, it actually gap down a little bit. It gap down by 40 cents. It closed at 8.50. Actually, wow. It gaps even more. I forgot. Okay. This is after hours. It's even better. These scenarios actually makes it better because it deviated so far from the VWAP that every single bag, every single long is now under water. So it kind of helps us, and we're just hoping that it doesn't tank too much, guys. So it closed at 8.50 yesterday, right here at 8.50, at 4 o'clock right there, 1600 military time, and then it starts to fade down the rest of the day. We're crying. We're like, oh my God, please do not die. Please do not die because we want to shorten this. This is a true low-hanging fruit. It's a continuation breakdown. That's what a low-hanging fruit is, okay? A continuation breakdown. Now I'll explain to you why this was not a really low-hanging fruit because it gapped up. It didn't break down. It kept on going up, but then the trap came. I'll talk about that later, okay? But this is a true low-hanging fruit where it closed at 8.50. It's red. And so even at $8, even at $8, anybody that held is overnight is over-red. So everyone's looking to get out. And so what makes it really nice also is because this is a day two, and people forget about it. It's not a hot chicken anymore. It's not the hot plate anymore. You have things like UAVS. You have things like SNGX. And there could be more, okay? But I focus on only a few today to try to nail it. So what happened? Let me show you. The best way to do it is to show you what I traded and how I traded it. So what I usually do is I draw the lines. And I use two days because this is the most frequent day. So what you can do is draw a line as an eight bucks, and then you start drawing the lines. And so basically I want a magical $8 entry. It may or may not get there, but the problem is pre-market, it already started to tank. So here we go, okay? It started to tank already. So a tank that popped up, okay? So now it's forming a chart. So depending on what time you wake up, okay?  So let's take a look at this. So here's the VWOP, the yellow line, and yeah, 8.30, see? I missed the tank down, but the tank down did a couple of things. Because even out here, I was kind of, I would be scared because it's a coin flip. And sitting at VWOP, we don't know if it's going to pop up to nine bucks or before it dropped down. Because yesterday, let's take a look at this. So this VWOP here is at $7.90. So it's hovering here. So it would have been a good starter, just a tiny starter. Because if it was sitting at $8, guys, there's a potential it gets pushed to 8.50, okay? But the fact that it went underneath, now it gives me even better confidence to scale the bounce. So this was the move I'm looking for. If I had taken a short here, guys, it would have been anticipating. It would have been gambling. Because this could have pushed over to 8.50. What I do is this. There's a point of a line that I broke that I'm not going to add any more shares. Every time it drops, I'm going to cover. I'm going to keep covering. I'm not adding. So the key to taking the loss is not to add.         So I do a trick. I take this symbol off of my main screen.  I was content to taking my loss and I was beat up. I needed to clear my mind and I cleared my mind by going back to my process. I deviated from my process, oversized, be greedy. I oversized and I got nailed for that amount of size for this move.  And when the top hits, that's it. We always talk about this. You wait, if you just wait for the top to be set and you scale the bounce, it's the most high probability trade versus anticipating. So once again, I use the method because it's a low hanging fruit, but it's not really low hanging fruit breakdown because it's still above yesterday's close. That is the key, okay? It tricked people by gapping really high and walking down, but there was hardly any volume. Look at this, there's hardly any volume.  Hardly any volume, okay? It was like 600,000 shares of volume at that time. For a stock that's currently trading at what? 170 million. There's very tiny, very tiny amount of shares that they use to do this. This is a straight up manipulation stock. Bravo. I'm going to clap them. They trapped a lot of guys that made a lot of shorts go broke.  It's the same end game. This is why I trade low, small caps guys. It's the end game. End game is the same, okay? The problem is the timing. I don't know to short this thing at $1, $2, $5, $10, but when you short, you short when the death candle comes and you scale it and that's what happens. The moment the top hit, the death candle, I scaled every single pop because now I know the lines are set for me. I know where I can stop out. If you are shorting and guessing the top, you don't know where to short out guys.  I mean, you don't know where to stop out. You short and you don't know where to stop out. That is the problem. You need to know where you're going to take the loss, where your risk are. And so the danger of cherry pick is you don't know where to take the loss. You like 10 more cents.   Oh fuck, it broke four bucks. Can't break four, 50.   Someone covered a shitload of five bucks and that's the only reason why it came down. These outflows are calculating how many shares you have on this dude. They're very fucking, they're good at what they do, dude. They see all the order flow. They know who's buying, who's selling and so it's fucking. They're doing this in a millisecond.  The only way you can compete is this. You wait for it.  I'm pretty sure if some motherfucker if some guy covered a million shares, they're stuck at four bucks, it would not go to five bucks or 100,000 shares. What it may be? The fact that someone stepped on adding and adding and did this, cause I had so many experience on these things, dude.  This is supplying the man and all this stuff, dude. They're very smart, okay?  Someone covered a massive amount of shares of five bucks and they squeezed them out. They did the math and all this stuff, okay? And so that's the same lesson. The same lesson is let the top form. I had FOMO. I mean, what can you say? And so training happens, man. Shit happens like that. Hey guys, I'll see you guys back in the room. 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 MIC or any general trading questions, please text Tosh using the number here. Also, stay up to date by watching some of our most recent videos right over here.


So, this little palette right here, the Mint To Be palette from ColourPop, was so highly requested from you guys. You wanted to see this palette in action. And then I did another look where I did use it, but I didn't do the tutorial and you guys were all like, your eyes look so good today. We please do a tutorial. Here it is for you. I'm going to be showing you this look today. The day that I did have that look on the Mint Green on my eyes, I was wearing a Mint Green t-shirt and I think it kind of really set things off. But today, I'm wearing pink and I feel like this spring look still goes together and so I really like it. But the Mint To Be palette is awesome, you guys, if you haven't seen it yet. These little palettes are so good. They have just a really great range and I paired it with the Going Coconuts palette. This has been such a versatile palette for me and it's so good to use with just about every one of these little pop of color palettes. And for the price, you know, you're getting some really good quality and you're getting quite a variety on there. So those are the two I used, but I also used this exhibitionist eyeliner in metallic green and I put that in the waterline. Oh my gosh, you guys, these are so pretty. Also really quickly that just my luck one, it just came to Ulta if you guys are interested. This one has a lot of really great greens in it too. But if you're light colored, the other one might be better for you.  So those palettes are the ones that I'm recommending in this video. But again, if you have these colors in your arsenal, just try this look with what you already have. Let's get into the tutorial right now. Okay, so I always start my tutorials or my looks with eyeshadow primer. I feel that that is so important, especially now that we're coming into the summer months. It is just going to get hotter and hotter and your eyeshadow is going to crease and melt if you don't use some sort of eyeshadow primer. So use whichever one you like. This one happens to be the Anastasia Beverly Hills. I have been working on this tube for a very long time. I love this eyeshadow primer because it is opaque. It's white. It completely takes care of my veining and all of the discoloration that I have there. I will normally put that up into my eyebrow, but since my eyebrows done today, I'm going just up to that area. And then I'm going to take, this is from Benefit, this is their Highbrow Pencil. I've been working on this pencil forever to get it gone, but I do like the Wet and Wild one too. And I'm just going to kind of carve out my brow just a little bit. I like the pinkish color of that, and then I'm going to put it in here on my inner corner that helps brighten it up. I am going to put a little bit of another powder on there eventually, but this really helps brighten everything up. Now to set the look off, and before I get going on the actual eye shadow, I'm going to use the Covergirl Exhibitionist Eyeliner, and this one is an Emerald Green. And I'm just going to go right there into the inner rim. And I just think that this really makes this look set off. I do this at the very beginning because what I'm going to do is right before I put my mascara on, I'm going to go in with another coat because it seems to be those two coats can meld together and it just seems to last a lot longer. Next I'm going to go in with the tape. This is the Sephora Collection Lineup Makeup Tape. I'm going to stay away from this area right here. As you can see, I have a little fold right there from my eyes being hooded and sagging and downturn. So I'm going to stay away from that. So I'm bringing that about a quarter inch or an eighth of an inch away. And I will lift my brow just a little bit to make sure that there's no creasing going on. Because if I just, you know, looked forward, there would be a little bit of creasing going on, but I'm trying to avoid there being any sort of a skip right there where my brow does fold over. Now I'm going in to the Going Coconuts Palette from ColourPop. And I'm ColourPop. And I'm going into this color right here, which is a very, very neutral brown. And I'm just going to take that as my transition color. And you can see that I've kind of laid that a little bit down further. That's because of that fold over right there. So this area right here, there's quite a lot of area. I'm actually going to start shading right there in that area. Because what that does is it's going to make this look lifted. And when you have that tape, you have that guide. So you don't have to be quite as precise. So I'm going to just bring that shadow clear out there. And then I'm going to bring it up into the arch and I'm using little pushing motions. No windshield wiper back and forth because that doesn't really work for me. And as I get around to this part of the eye, the inner part of the eye, I'm going to just follow the arch of the brow. And you can see that on this side, it just goes from that tail and it comes in almost in a straight line, but with a tiny bit of arch right there. So that's what I'm trying to achieve. And I'm not going to come in here to the inner corner because I want there to be more light there, almost, but not quite into that inner corner, where the eyebrow is. By the way, that brush is just as a way of a fluffy brush. And now I'm going in with this one is a Luxie brush. And I'll make sure I list all these up there for you. But it's kind of just a smudger brush, a stiffer smudger brush. And I'm going to go into the darkest color in the palette out here, which is a deep brown. And then I'm going to go right out here on the outer corner and I'm just going to push that color on to about a third of the lid. You guys have seen me do this before. This is pretty much what I do in just about every single one of my tutorials. And I'm just going to take that color and lay it down a ton right there. Then I'm going to take a medium fluffy brush. This is also from Luxie. I think this one is the two and three. And now I'm going to just go about really blending this like crazy. And it's just going to create a gradient without having to put another shade in there. I'm pulling it over a little bit right there in the crease to create more shadow. And I'm definitely pulling it out towards the tail of the brow where we started the shadow. And you're just going to keep working on that until it's diffused. And it looks like it is a dark shadow on the lid and then a lighter shadow transitioning into the actual transition color. So I'm just pulling up and out and over. And I'm going to do that quite a bit because I laid the color down in the first place. So that is the second color that we're using. Now we're going to go into the meant to be palette. This is all over the lid. So we're going to take the middle color right here. I'm just going to pick that up on my forefinger. My fingers work best with this. And then I'm going to spray my finger lightly with just any setting spray. This happens to be the Flower Beauty Hydrating Setting Spray. And that is going to help lay that down. OK, now I'm just going to start touching my eyelid. I'm not going to swipe right away because I want a lot of this color to be deposited. And I definitely am shaky today, as always, you guys. So I'm not going to try and mess with my finger, just making a jiggly mess on my eyelid. I'm just going to kind of touch and pull over. Then once you have that where you want it, you can go back in with that shader brush, deposit just a little bit more of the shadow and blend those two colors out right there. You could do this with your finger if you wanted to, too, and you wanted to have more control. Either one is just fine. And then I'm going to remove the tape and you have that crisp line right there, which I love that look. We're going to just diffuse it a little bit with the original shader brush, and I'm just going to go along the line and go back and forth until it's just diffused. Now you can see that now you can't really tell that I have that big of a fold right there because now we've gone about shading it to be able to be closer to the same color. So I don't have as much of a noticeable downturn right there. Now I'm going to go back into the Going Coconuts palette and I'm going to pick up this color right here, which is the light flesh tone color. And I'm going to do my inner corner right here with that and lay that down in there. And I'm going to pull it up just a little bit to bring some lightness because that's where I get super duper dark. This shade has like the teeny tiniest amount of shimmer in it. I love it. It's a really great shade. And I'm going to just put it just a tiny bit up there along my brow. My brows are struggling right now, you guys. Holy moly, they are having a time. So I'm trying to grow them back in a little bit down below. But I have a tendency to want to pluck so bad. So yeah, I don't want to do that. OK, I'm going to put that second coat that I talked about on to the water line. I'm going to do that right now. And that just helps set that a little bit. And then I'm going to go back into the Mint to Be palette and I'm going to take this color right here, which is the darkest color, almost a grayish green. And this is just a teeny, tiny smudger brush from Morphe. And then the lighter green right up here. But I'm mostly staying in with that dark green. And I'm going to connect the outside corner. And I'm just going to very lightly smudge that. And I definitely only did about a third of the eye out here. The rest of it is only from just the eyeliner in there. That's what you're seeing. And I really like this pop of green eyeliner. Now, a little trick that I learned a long time ago, and I think I've said it several times on this channel, is just take a little angled brush. This one's a little bit thicker, an angled liner brush and some regular powder. This is from number seven. It's just their pressed powder. And I'm going to go right underneath where that eyeliner was to set it. I do not set my concealer right here with powder because it just looks cakey. It already looks cakey, no matter what I do. But it's going to look more cakey if I put powder. So, staying right up there and making sure that I get that line, just a little bit of powder under it, helps it to not bleed down during the day. So that's just a little bit of a trick and tip there. I almost always do my liner and my mascara off-camera. I'm going to do my liner today. But before I do my liner, I'm going to take my curler, my lash curler. I do my curler before my liner because if my liner gets in my lashes, then they have a tendency to get really clumpy. So I just go on there and I just curl those really good. And what I'm going to show you is how I do my liner. I'm not nervous. I just have that disability. So here we go. I don't normally do this, but I'm going to lay this on its side. And I'm going to go right there into the inner corner as much as I can. And I'm going to go as absolutely tight as I can along that lash line as much as possible. I even push the lashes down.  I stopped about a quarter inch away from the outer part of my eye because if I go down, that's going to pull my eye down. Okay, now I'm going to go do that mascara and I'll be right back with you. Okay everybody, there's the finished look.  This is a very, very simple look. The last time that I wore it, I had on a green shirt, a light green shirt and it just looked so good because it set it off. But it is so simple to be able to do these pops of color. And the star of the show I feel like was that exhibitionist green liner. I just love that pop into the waterline on the base of on the bottom lashes. And I just think that it really set the look off. I love that we're getting into spring and we can start to experiment with a lot of these pretty colors. I hope you did like this look. Please give it a thumbs up if you did. I do have a tutorial coming on that mastery palette from LA Girl. Just so you guys know that is my next one that I plan on doing. But the meant to be had been so highly requested that I wanted to make sure I got this up for you as soon as possible. I hope that you did enjoy it. I hope everybody is doing really well. Let me know what you think about it in the comment section. If there are other colors that you would like to see me do, I have had a request for blues. So that will be somewhere in here pretty quick. So hope you guys are having a great, wonderful day. Take care of yourselves and I'll see you all in my next video. Love you, bye-bye.


Is being PC the same as being polite? As someone who fights on the side of free speech, I'm the first to tell you, we do have a tendency to strawman political correctness.  Or, they want to suppress the truth, man! And though I agree in PC culture's worst form, all these things are true. Those aren't the actual arguments they make. So let me arm you with the intellectual tools you need to successfully contribute to this discussion. And if you're PC, listen with an open mind and maybe I can change it. One argument that's actually made is that political correctness is just a boogeyman term invented to lash out against polite society without seeming crude or uncivil.  And we simply don't want to be polite. But this is just plain wrong. There's a difference between being PC and being polite. And I can prove it. Let's look at an example. Jim and Jill.  Jill is polite. Jim doesn't like racist humor because he believes that problematic social attitudes inadvertently contribute to the upholding of systemic power structures that strengthen systemic bigotry and subconsciously influence us to commit acts of violence. Uh, what? Let me break it down.  For example, trans people have a high suicide rate. When you question modern gender theory, misgender someone, or commit another similar microaggression, you contribute to a culture which marginalizes non-gender-conforming people and increases their suicide rate. This may sound convincing. Until you realize this logic can be applied to any group if you're willing to make the same kinds of assumptions. Veterans and soldiers have a very high suicide rate and aren't well cared for. But we can still criticize U.S. foreign policy and military action. We even burn flags. Young men have a very high suicide rate as well.  We can do all the same mental gymnastics to make either case. And whether or not you're taken in by them, it's clear that the motivations for being PC and just being polite are different. Jill doesn't want to upset or alienate anyone with her use of language. Jim believes that stumbling across the improper uses of language is tantamount to violence. Jill is a nice person. Jim is an ideologue. Jill is polite. Jim is PC. I'm polite. And I'm PC. Okay.  Well, I don't know about that. I mean, I want people to be polite, but I don't want to ban impolite speech. Neither do I. That's just an insane strawman argument. Name one country where PC people have gotten any forms of speech banned. You mean besides Australia, Belgium, Brazil, Canada, Chile, Croatia, Denmark, Finland, France, Germany, Iceland, Ireland, the Netherlands, Norway, Poland, Sweden, Switzerland? Don't be PC. Be polite. Hey guys, thank you so much for watching. If you liked this video, hit subscribe right here on YouTube and check out FI on Facebook as well as at FEE.org. Thank you so much.


Ladies and gentlemen, the Vice Chief of Naval Operations, Abel Moran. This big Navy we've got. I don't know that I've met strong routine bots when I've seen a U.D. By his bold actions, on dodge and courage, complete dedication to duty, Pettiosha Thomas reflected great credit upon himself and upheld the highest traditions of the United States Naval Service. The Board of President signed the Secretary of the Navy.


Meet John Scott Russell. The year is 1834, and he knows he's on the verge of an important scientific discovery because that wave he's chasing hasn't changed shape or lost any momentum for over a mile. What he doesn't know is that this solitary wave will launch a new branch of physics that today has scientists taking up the same pursuit. Only now, the waves are millions of times smaller and magnetic. And as one joint research team from Japan and China has proposed, they could give rise to the ultimate computer. Dubbed skirmjons, these magnetic whirlpools possess many properties considered ideal for carrying digital information. Like Russell's wave, skirmjons keep their shape almost indefinitely. In a computer, this stability would make bits extremely difficult to erase. In addition, skirmjons could be ten times smaller than the magnetic bits found in today's hard drives and would require much less energy to be written into a computer's memory. That means that a skirmjon-based computer would be able to store more data and generate a lot less heat during operation. Scientists have already figured out how to use skirmjons to store data, but creating a way for the magnetic vortices to do computer processing has been more challenging. To address this problem, the research team designed nanosized channels that exploit the fundamental properties of skirmjons to carry out basic computer functions. The dimensions of the channels set the rules for how skirmjons are created or destroyed. A thin channel recreates a skirmjon, whereas a wide channel delivers a skirmjon to its destruction. And as a side effect of their shape-preserving tendency, one skirmjon can be split into two, or two can be merged into one. The team combined these basic elements into circuits that perform the and and or operations fundamental to computing, which answer the questions, are all inputs one, and is any input one. More research is required to implement this design in practice. But the work, which all started with a single wave, may be an important step towards making a skirmjonic computer a reality.