All right. So here we are: Tuesday morning and I'm finishing in the green. green on two stocks, red on two stocks I traded four in total and I took probably about a dozen trades as these stocks were moving up now. I started the day in the red, which is always tricky I I don't like it when my first trade is a loser and I don't like it when my second trades a loser and if my third trade's a loser, I'm starting to feel like three strikes.

you're out, especially depending on the size of the losses. If each of the losses are really tiny, I may continue. but in any case, today, I started the day with two losers and they were just like backtack rejections and I was like man. All right.

I'm feeling a little nervous. so then when that third stock came along, I traded it a little more conservatively, but it ended up being the winner. but I didn't make as much on it as I could have because I was already a little bit cautious from those first two trades so had some gains on that one. But it got really choppy and did a nasty false breakout which I'll show you during this recap where I gave back a bunch of profit so we got that drop and then it rallied back up.

made all the way up to new highs. So overall, not a super clean day, but there were some good opportunities and I did get myself into the green and I'm finishing in the green. so let's go ahead and dive into today's trades all right. So let's get into it.

You can see my P&l here on the top of the screen top left corner. This is what's streaming while I'm trading. So while I'm trading at Warrior trading in the chat room, you can see my P&l in real time so you can see when I'm getting in. You can see when I'm getting out, when I'm up, or when I'm down.

So this morning my first trade was on uh Cadl Cadl. uh this one you can see was on the scanners right down here and it popped up um with some news pre-market and if we look at this chart you'll see this was kind of wild. so I got in in the middle of this candle which spiked all the way to a high of 350. um and I ended up losing how much was it 567.

So it was really wild because basically what happened was I was watching news at the top of the hour 8 a.m. 8 A comes the stock gets the scan I pull it up on the level two I'm like okay I this looks good I'm getting in for the break of two so I got in at it was like 187 or something. All of a sudden it zips up to 350 and I was like whoa, what is happening and then it flushes back down here on this candle to A120 and I just kind of held through that move cuz I was like what is going on Is this something I should be adding to is how good is the news but it just rejected. So I would say this was more or less an algo Spike an algorithmic trading Spike Where some orders came in all of a sudden, the bids and the offers the offers specifically get pulled.

So the reason this happens is because these highfrequency trading algorithms let me get the Whiteboard out. They do not want to become buried in a stock that's ripping up with news, so just push this out of the way. So what you have here is um, so let's just imagine for instance, um, the level level two on a stock. So this stock was at like A120 and we're going to do it sort of like a um a a I don't know what You' call it like we're going to look at it like this.

so this is a $120 uh$ do25 you know $130 $150 $2 Etc Down here is you know A110 A1. 90 80 So when a stock initially starts popping up initially, the market makers their job is to make the market. so they have orders to buy on the bid down here and they have orders to sell on the ask. But if all of a sudden so they're subscribing to Market data and they subscribe to a different level of Market data than you and I would have.

So if all of A sudden they see a surge of orders come through for you know, 50,000 shares or something. Something like that, they see those orders come through and they can begin to pull back on the orders they have and start moving them up in price because otherwise they're going to sell 50,000 shares of this stock to someone at A125. Next thing you know, it's at$ 250 and they're down over $50,000 So to manage their risk, they're automatically adjusting orders based on the market. But when we have news in this case, you know 8: A.m.

top of the hour we have news that comes in All of a sudden these orders come in and then the buy orders Just I mean buy orders that might have been otherwise out here. All of a sudden they just get pulled off. This one's gone. This one's gone now.

there's only a few left and they just start disappearing And that creates a situation where people that are buying or are covering a short are now have no choice but to buy at. you know, $50 or $2 or higher. And so all of a sudden you have these stocks that can rip up super super fast and we call it an Algo Spike And the reason we call it an Alo spike is because it it really it wouldn't happen if it were not for the behavior of the market makers. and essentially they're making the market by being on both the bid and the offer at the same time.

But they also have to manage their own risk and so they'll pull those orders so they don't become short. A stock that's ripping up on great news uh, you know, or long a stock that's dropping on bad news. So they're constantly moving their orders around and in a way you can capitalize on these algo spikes if you're really quick and you're jumping in because some sometimes these make huge moves and they they actually hold up. But what can also happen is it makes this initial Spike and then the volume slows down and then all of a sudden they fill their orders back in.

and now the stock starts dropping because there's not enough buyers so you can get these sort of whips of volatility. And that's what we got on Cadl. So my first trade on it I was in going for for the break of $2 It did break too, went all the way up to 330. whatever.

Uh, but I stopped out with a loss of $567 All right. so that was a news trade. uh at 8 a.m. top of the hour.

Next trade was M O Mo Also had was a stock that had news this morning. This one um also did this Spike right here and this one I was read on again. So I jumped in as it was squeezing up to $2 for the break of the whole dollar. it goes up to 226 and then it flushes back down and I lost on that one.

400 bucks. Okay, fool me once. Shame on you. Fool me twice.

Shame on me. Fool me three times. You're not going to fool me three times. So that's why when Adtx popped up I was like, you know what I I don't I I don't know, you know this one.

Yeah, Okay, well the other two had news also. So so this one has news, you know? big big deal. It didn't matter on those previous two, but this one's the one that held all right of course. Isn't that the way it always goes? So I don't take big size on it I trade it much more conservatively I think I bought maybe oh I can't remember.

was like a th 2,000 share starter small size I end up making a little bit of money and then right in this area here. So in this area we were getting an ABCD pattern. the popup, the pullback, the popup, the pullback. and right through there we got a nice squeeze through the highs all the way up to a high of day of about 7 50.

So through that move there I got myself up just under $5,000 on Adtx. Now you'll see right now I'm only up 1,400 bucks on it. That's right. So on Adtx I got myself up 5,000 in this part of the move rather than trying to jump in as it was squeezing I was like, you know I think I took a small trade in here, but I really waited for it to prove itself and got more aggressive in this area here.

so that was the right move. Now it drops down I think I took a couple dip trades. nothing big but on this right here I got back in anticipating this as an ABCD pattern that we were going to break through this high. That was, um, a fine idea, but it did not work in this candle.

We went all the way up to about 740 and then dropped all the way down to 625 and I was in at about 7 7:30 725 with 8,000 shares I was stepping up to the plate I stopped out at about 680 690 some 680 something like that I lost four grand so I went from up 4,000 on the day net because even though I was up 5,000 on Adtx, I was still down a th000 from these trades. so I went to up uh basic I went from up 4,000 to down about $600 Um, it was about $500 No, it was 600. it was 600. So all of a sudden I'm like wow, easy come easy, go right and that is trading Easy Come Easy Go I was up 4,000 bucks I I could have taken that off the table but um, you know I had a $133,000 day on Friday I've been having some nice green days I Thought this setup.

if we broke through this level we were going to eight. Well I guess we did. Uh, but not when I thought it would. these topping Tails were a warning indicator.

Uh, but with this recovery here I sort of thought that we were going to, we were going to make an attempt at it. What really happened was and this was like instantaneous. So it's going up and then instantly drops. How's that happen? I Think someone pressed the sell button for probably a 50,000 share order or more and just sold it basically at you know market price and that caused a flush.

50,000 shares going through caused a flush and then more people panicked out and stopped out which caused the volume to go up. Now maybe the volume on maybe that was a 100,000 share sell order I don't know but it was a big one so a big order goes through. it immediately flushes and then people are Panic selling after that could have been a short seller, maybe could have been someone who's holding long I'll never really know. so speculating I guess doesn't matter, but um, it was a nasty rejection.

So then I was like all right I'm going to hold tight for a second so it curls back up here I was like all right. well that's a nice curl. it comes back up here and at the open I took small size on this trade right here. only bought a th000 shares now.

had I not taken this loss here I might have bought 5,000 or 8,000 shares like I was in on this one but I was down at this point I took a couple scalps in this area so I was down still about 300 on the day and I was like you know, think about this Ross you're down $300 on the day it's 9:30 um just you could just call it a red day and it's a small red day. it's tolerable. it's not that bad. uh but I I did like this setup I thought it was going to go so I bought small size.

if I had gone red and gone to down thousand I think I would have cut it at that point. um now I was darn close to my daily goal and I gave back more than half in one trade. That's definitely an emotional trigger. I was able to keep myself pretty calm um surprisingly, but I was I was able to keep myself pretty calm and uh, anyways, got a little trade here uh and then a little dip and rip on resum up here and I got myself back to up 1,200 bucks and then I gave back 400 of it on I don't know, might have been this trade here or something like that.

Anyways, I got to a point where I was like you know. what? let's just take the $800 off the table. It's nothing to write home about for me, but it's a green day and green is good. Live to trade another day.

It's unfortunate that I got caught in that jack knife right there, but that's trading. you know, easy come easy go. This is just the way it is and the fact is, if it wasn't that one, I could have gotten caught in others. There was another one right here, you know, drops and then goes into a halt down.

there was another one right here. There were these two up here. so being aggressive on this one today, um, probably for most Traders didn't pay off super well. Uh, because it was quite choppy.

I'm not sure why some stocks just are. They could be choppy because there's people who have been holding it for a long time who are bag holders who are pressing the sell button. It could be choppy because of some degree of institutional trading that's going on, you know. Big Money traders trying to do something with the stock we saw that with obviously GameStop Um, you know it's it's just kind of.

It's kind of hard to say why, but when some when a stock shows that it's got this tendency in this Behavior to be choppy. um, you know at that point I I Sort of say, all right, you know I just probably can't trust this one. Uh, could it go higher today? Sure. I mean there's a lot of time left in the day, but there'd be a tradeoff for me continuing to trade and sit here until 4 pm.

While I might make more money, you know time is the thing that um, you know you can't get more of. So I like to moderate how much time I'm willing to spend sitting in front of the computer staring at these screens and try to live a healthy life. So I Got in this morning, got a couple hours of trading from 7ish until well, 10:00 a.m. and that's going to lock it up for me.

I'm going to I'm going to call it a day. So yeah, 800 bucks Green Day nothing to be super excited about this month. Uh, I'll have to upload my metrics and I can go over them. maybe in tomorrow's recap to see where I'm at on the month.

I did have one red day last, it was actually last Tuesday I'm pretty sure I was red. Um, so I I think I had one red day this month. Today was pretty close to being a red day but ended up recovering. It Anyways Being red 500 being green 500 doesn't really matter I just try to remind myself these: It's neither my best day nor my worst day.

It's just a regular day so you know who cares. It's Water under the bridge. Did the best I could today. We'll try again tomorrow and you got just have that attitude.

Trading is risky, easy come easy go. So life is good I'll be back at first thing tomorrow and I hope you guys enjoy this recap and uh I'll put a link to another episode right here in the top Corner that YouTube thinks you're going to love and I'll see you for tomorrow's recap.