What's up everyone? All right? Well, the sun's not even up yet. but I'm done trading up three hundred and thirty-eight dollars which is a great day. A really solid Green Day in the small camp. The only thing that's a little disappointing is that I was up over a hundred dollars and I gave back half my profit and that's one of my cues to walk away.

I've got a couple right if I have three read trades if I hit my daily max loss which is losing 10% of my account which would be a $350 loss based on my account balance right now and then. The third is if I give back half my gains and I gave back half my gains today. So you know I had a trade on these were all trades on Cbio and I had one where I missed a really awesome breakout over 650 that gave a quick rip up to 675 and then I got back in at 675 for the break over what I thought would be 680 for a move up to seven, did a false breakout, dropped back down and I said no, that's it I gotta walk away because I was. You know, even if I didn't have the rule of giving back half the trades, peple the profit.

I was starting to feel the emotions kicking up of frustration and disappointment and any time those emotions start to take over the intellectual mind, the intellectual have the you know controls risking everything else can start to get. That voice gets quieter and quieter and quieter as the other side says, get back in DoubleDown Be more aggressive, you can get it back and then next thing you know you can be. You know up 300 and up only a hundred, then down 500 and down a thousand and that's what we call a snowball day. So learning those triggers before the tipping point is critical to long-term success.

And so today I'm going to walk away with $338 and hey, it's a green day in the small account challenge. I'm really happy with that. Today is the tenth day which is awesome and in these 10 days I've made well I Guess let's see. the account tomorrow will be up around 3,800 So I've made three thousand three hundred dollars a profit in days.

Nice! Alright so hope you guys enjoy the recap. As always questions, comments, leave them below and I'll see you guys tomorrow for Friday wildcard Friday Alright you guys so um here we are. end of the morning and I'm gonna walk away with three hundred thirty-eight dollars and 49 cents. Not a bad day and you know, obviously gave back half of today's games.

you know, which is? it's a little disappointing, but grand scheme of things. I Have more money than I had 45 minutes ago by three hundred and thirty-eight dollars. You know, anyone who's green, give yourself a pat on the back. Consistent profitability.

It's the result of following rules. There will be days where you give back a little bit of profit going in for that, you know. Last trade and that's fine. Just walk away before it gets worse.

This right here is a perfect example of why it's so important to walk away. So a CBI oh my. very First trade on this was in the first minute of the day the stock dipped down. it actually opened at let's see it opened down here at 611 and it surged up and said broke over 620 I took my starter I had gotten at 626, 22 and 625 and I bought 3000 shares.

Now that's an $18,000 position. I Can go to account values and you can see my current account value is three thousand five hundred $19 and I've got 21,000 and buying power. so I was within my buying power to buy those three thousand shares. The stock instantly squeezes up to sixty.

All right, it pulls back for a second I take my profit I then get back in at we can switch here I Get back in right around here at forty five thinking that it was gonna break the first one minute candle right here and it did a false breakout I stopped out and look at that drop. it flushed all the way back down here to 591. So a really you know a big drop which is obviously and not something that that you like to see. So it did that really big drop.

then it goes sideways and it starts to curl up. alright. So as of that point right there I was actually up 864 dollars. Let me delete these for a second.

Alright, so I was up 864 and let me just just for the sake of being really easier for you guys to see, let's go into the 10 second chart. Alright so 10 second chart here. So the first trade was right here. Okay then we got that pop up and the second trade was right.

Let's see I believe it was actually right here and then I got out and or maybe it was right here now I'm not sure but in any case it was right in here before that that drop. Alright so that was the first. like yeah, 2 3 minutes of trading. All right, 864 dollars a profit and I was like all right that's awesome Feeling good? Okay then we'll zoom forward here.

It starts to pop up right here and this was my third trade. Alright, so my third trade right here I got in actually right around this candle it pops up to a high of 46, it doesn't hold and then it drops back down on that trade I gave back about a hundred and fifty dollars and went from up 864 to up only a hundred, seven hundred and twenty-five dollars. So up only 725 which is still a great day. Then it curls back up and I said okay guys, the spot I'm gonna watch is if it breaks back over 645, order was ready to go at 650 it breaks over I click the Buy button three times I don't get filled.

it rips up to 70 and in frustration I think I was like you know Danny I was so frustrated in that moment because I knew that I have just missed $600 a potential profit and then is it pulled back right here you know I kind of asked myself is this a good spot to get and I said hold your hand for one second, just hold your hand. Let's let's let this prove itself and so as it came back up right here I said all right I'm gonna give it a shot So I got in right here it pops up only 280, it drops back down and I lose on this tray at $400 So with that I went from Up 725 to up only 338 and I said okay, that's it I've got to take my hands off the keyboard I'm a little frustrated I'm disappointed that just gave back half my profits I went from having a near thousand dollar day in the small account to being up only 338. If I continue to trade right now and not respect my rules, there's a really high likelihood that I'm gonna start to get emotionally impulsive and I said the place that I would be watching to put an order would be 680 and wouldn't it just be human tendency that if it comes back to 680 instead of taking 2,000 shares, that you would take 3,000 4,000, 5,000 or 6,000 if you could afford it. Maybe to try to make back what you just lost.

And so as it curls back up, Where is that right here? Look at what happened. Wow that that could have been the end right there. That one little false breakout where it curled back up. it looks strong.

68 70, 75, 76, 77, 78, 79, 80 It's gonna break the highs. You start punching the order at 80. Boom Boom Boom Boom boom. you're in 4,000 shares.

All of a sudden it doesn't break. it drops, everyone panics, and next thing you know you're down 90. Set eighty-eight Seventy eighty cents a share, right? I Can almost guarantee you that would have happened to me if I had kept trading and I didn't respect my stop which was right here. Respect my stop on the day, my daily stop of giving back half my profits.

You know, being a successful trader, it's about number one having a strategy and then number two respecting the rules of the strategy because if you don't respect the rules of the strategy, it's It's almost as bad as not having a strategy at all because you know you'll have periods where you make money and then you break the rules. so then you give back everything you made. So this is a day where the rules of the strategy saved me. and you know I'm obviously I am disappointed I genuinely feel disappointed right now I feel a sense of loss that I'm up only 338 dollars, That's human.

It's human to feel that way because when I was up 864 and it's also human to act on that that discomfort that that disappointment. it takes discipline. It takes strengthening that muscle of discipline to say I need to walk away because I hit one of my triggers three read trades in a row and I'm done daily. Max loss is 10% in the account so that would be if I lost three hundred and fifty dollars in one day.

I'm done all right. So that's rule one. Rule two, two, and rule three is if I give back half of my profits, you know it's one thing to get back $100 It's another thing to give back. You know, whatever.

and you know it's one thing to get back on hundred. It's another thing to give back 500 or 600 700. The more you start to give back, the more you start to feel that sense of loss, the more those emotions start to really pick up. All right.

So um, you know that's it for me. it's gonna be a Green Day today's the tenth day. I Would have loved to have had this be a you know, nice fourteen fifteen hundred dollar day and be able to turn five hundred into five thousand and ten days. But that wasn't in the cards for this challenge.

Alright, so that's fine. Today's day ten I'm up well thirty eight hundred with this before Commission so after commissions, it'll probably like thirty seven hundred going into tomorrow. tomorrow is Friday it's wildcard Friday Obviously next week is gonna be a little bit of a funny week. We've got the market closed on Christmas Day and then the following week we have the market closed on New Year's Day So we're gonna have two weeks here.

Kind of funny trading. It might be a little slower. we may be seeing some days where there's fewer traders in the market or not as much action, but if there's one obvious stock that everyone's watching, expect that. that will be the one that makes some really big moves.

So I'll be here I'll be trading. Hopefully we'll be seeing some decent opportunities and I can continue to grow this small account. Okay, so that is about it for me here. and I will see you guys first thing tomorrow morning.

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