What's up everyone? Alright, so here we are back in the saddle and I was out on Friday out last Wednesday so missed a couple days last week. the Green Street continued. I had actually only two days of trading last week market was closed Monday I was out sick Wednesday Friday I was out sick so only two days of trading made some money. Whatever man.

1300 on Tuesday 2600 on Thursday and now today first red day of the month I'm 2500 bucks. You know what today I Just said Russ Follow your rules I've got three rules: Thousand dollar max loss per trade $2,000 max loss per day three losses with three losers in a row you're done. Walk away I hit the 2000 dollar daily max loss and I actually think I lost more than 2,000 on a single trade I had a couple of trade or more than a thousand. had a couple trades that we're just sloppy and I'm a little disappointed with that.

But and this is the point where I'm at the fork in the road and I can make two choices. choice one is refused to walk away read: keep training, fair stuff moving. Surely I can buy something. Maybe buy 10,000 shares of something to 10,000 shares something else by the end of the day I can make that $2,500 right? Well, you know what happens if you lose another 2,500 then you're down five grand and then you're another fork in the road.

Do you keep trading and you walk away? And I mean I've seen people and I've done it myself. Just keep trading and trading and trading as the loss gets bigger and bigger and bigger when a certain point you have to walk away and I always look back on those days and I think what would have been a better place to walk away? You know when I was maybe went from green to red or maybe when I went from you know, read a little bit to read a lot. You know there's a certain point where you gotta say that's a better place to walk away than just to let it go crazy. So for me I'm sure I said that is $2,000 from down more than two grand on the day I walk away today, you know I went up $1,800 went down 500, went down 2,000 got back up to damn lonely 400 and then boom down 2500.

So you know what? Just not the easiest day for me. That's okay. I'll live to trade another day. We've only got three days left in the month.

my hundred K goal is slipping away. I'm now gonna be about $23,000 off that level. but still After today of seventy seven thousand on the month, seventy seven thousand, five hundred all try to finish strong These next three days get myself back up to eighty eighty-five maybe ninety, who knows and then go into March feeling good, carrying that momentum. All right as usual.

Any questions, any comments, leave them below, Give me a shout out of what you trades today and I'll see you guys first thing tomorrow morning. Live streaming 9:00 9:15 for our pre market analysis. Alright, see you guys all right everyone. So we're gonna do midday market recap here for today.

Today is my first red day of February down $2,500 It's the let's see: 14th day trading day of the month I believe for me. So it's been a really nice run here. I Usually allocate myself one red day each week. That would be, you know, pretty normal a good month.

I might have four red day's totally normal. Totally okay being ahead of that. This month is awesome. You know having only one red day is is terrific, you know? I had set myself a pretty aggressive goal for the month once.

I had such a great start in the first two weeks and last week, you know I only had two days of trading. the market was closed one day and two sick days, you know? so that was bad timing. And then this week having a red day is obviously not helpful in order to have 100k month. I Really can't have any red days and I need to have some really big homerun days and it didn't have any homeruns last week.

A couple small winners made I Don't know, three, four thousand dollars. but that wasn't enough. So and you know, a little bit disappointing here to have my first red day in a while. But one of the things that I really notice is that red days are good for me.

if I don't have red days I start to get a little complacent I start to get sloppy and then of the day where I potentially could go red I can do things that I really shouldn't do like be super super aggressive trying to dig myself out of the hole. you know when I've gone for a really long time without a red day I kind of forget what I'm supposed to do when I'm having a red day. Which is most importantly. follow the rules, Do not over trade, know when to walk away and so I have you know my three basic rules that I use pretty much every day when I'm trading: thousand dollar max lost, two thousand dollar daily max loss, thousand dollar max loss per trade, two thousand dollar daily max loss, and three losses in a row? You're done Now the thousand dollar max loss per trade I'm as strict on that just because right now I'm trading with such big size, it's easy for me to take a fifteen hundred or two thousand dollar loss and still end up having a great day.

So that one I'm not as much of a stickler on. But the daily $2,000 max loss I'm pretty. You know, pretty tight on because for me, if I keep trading down 3,000 4,000, 5,000 dollars, things just start to get pretty crazy I start to get too aggressive. So as you can see from the PML today 50% accuracy.

green on three names, red on three names and one loser really stands out. Alright, so let's see. this morning started pretty much the same as every other morning with our Gap scanner. We didn't have the greatest-looking Gap scam this morning.

we had a couple of higher float stocks up here. Higher price stocks up here t TMP Already really crowded, too expensive. float was too high CIFS up 35% this morning at a dollar 73. As of right now, it's at 268 up a hundred percent, you know? So this was a big mover, but it wasn't really as clean as I thought it would be.

You know it's just kind of right out of the gates in the first 15 minutes was choppy and and that for me made me a little uncomfortable. I did take a trade on it for a break the pre-market highs right here. This was a gap and go set up and was a good set up so I jumped in for the break of the pre-market highs. Let's just go up to the top here.

So in an 88 88 and sold at 94 97. So quick. $400 trade right out of the gates on this one or maybe 300. Now this thing is $400 so a little scout there but it sells off it then bounces back.

but I was like I don't know I'm not sure if I want to get back into this a little cheap and then it makes this big move here and I'm like okay wow this thing is strong so I got back into it right here on this pullback. I even missed this back but I got in on this one and made another $400 right through here from 282 up to three. so you know I did okay on it but I don't know I You know you can see the five minute worked but it was a little choppy. You know some false breakouts up to 285, back down to 266, back up, back down, back up.

finally breaking through. So it was sort of like you know this: Starting stopping, starting, stopping, not super super easy on the 1 minute which is the timeframe that I kind of prefer for quick trades, but the 5 minute did end up holding out here. this 5 min a candle right here. this was a 1045.

it actually made a new low, broke the low the previous candle which isn't it exit indicator and then rips up here to 320. So overall just kind of a tough one. but I did make $868 on it so that's good. Green is good.

Next one on the scan a Tec little cheaper floats a little higher I left that one alone and too expensive. Too expensive. Floats too high, not enough volume floats too high. this one was a little too cheap I just ignored it works wor X was on the scans up 14% I looked at it but it didn't end up continuing as the bell rang so nothing there.

and then we had Hy Re on the scans as well and see where it is right now. but in any case, it was on there as a gap or continuation from the previous day here. consolidation opening a little higher so on this one. I I kind of hesitated right out of the gates I think missing a couple days last week I felt just a little rusty and so I was like I'll just give this a second.

This broke the pre-market high of 33 and went straight to 58. Boom! A lot of you guys hit that nice gap and go trade right on this one. I didn't take that but I got in for the first woman to candle making you high after the pullback which was right here. so I got in here and then sold as it came up here to 60 so that worked and I made you know nine hundred dollars or no I'm sorry I only made two hundred sixty-five dollars on that and then of course it dropped coming back down.

so this really wasn't the best trade. It was kind of disappointing that it rejected that hard and so that was kind of the first. Well, CIFS was a bit of a rejection out of the gates and then Hy Re was the second one. So now I've got two rejections out of the gates.

Um, you know which is not great PLA G I was not watching but it suddenly pops up and gets halted right here. While this is halted, GLG hits our hive day momentum scanners which are right here. where was this? Hits the scanner right here I jumped into it. It gets halted and it hits a high of well two dollars.

It resumes in taps to 15 and then rolls over and sells off. I managed to make $900 on it, but this was now the third false breakout. PLA G resumes from the halt and ends up being a really good one. I jump into it right here is it squeezing up and I got in at four and sold half of it like for 25 and then I added back at 425.

So when I got in here I got in with I think 9 thousand shares. I'm sold here for $1,800 of profit up 1,800 bucks. I then add back 9,000 right here at 25 it goes up to 38 and is halted and I'm holding it through the hall and I'm like this looks great I've got 9,000 shares for 25. My target is 450.

That could be another, you know, two three thousand dollars. it resumed from the halt and drops right back to 401 and then drops here back to 375 and I'm down. You know, Four thousand dollars and now that's actually not true I I was down about fifty cents I sold some of it immediately I sold half of it immediately. So through this I was down.

I think two thousand dollars and it comes back up a little bit. I Try to sell, you know I'm hoping maybe first Camel to make a new high will give us resolution back up. That doesn't happen. Max losses at the bottom of the pullback and they end up having to stop out as it comes back down.

So I went from being up two thousand dollars on this or 1800 to down about I don't know 1800 on this one which was really kind of a bigger loss than I anticipated and was disappointing for sure. It then as you can see curls back up and so I got back in it as it broke the view app. Back in just a little over four dollars it comes up to 425 Doji Candlestick Three in a row Doji candlestick Doji candlestick. It didn't hold that level and then it came right back down and right here.

I lost another almost two thousand dollars. so this one just got me twice. one winner and then two big losers on it. And so that's frustrating and I really thought it had more potential.

It is a former runner as you can see here, history making big moves, breaking over the fee web. we're breaking over the 200 moving average but I was just wrong that it was gonna be a big mover and I should just gotten in, gotten out, gotten in, gotten out quick trays and those both could have been winning trades but I held them too long and gave back on my profit. So disappointing there. but you know it is what it is.

So and then GS um this one was a five minute set up. Big rejection here. Got in for the first five minute camel to make a new high pops up, drops down, stops me out. $700 loss TMS are squeezes up, hits the scanners, gets halted, opens lower, stopped out of that one.

So overall this was just not a very good day. False breakouts on every stock that I traded. Not seeing good follow-through so you know this is a good time to step back and say you know what, I'm not feeling it, don't want to push it. It's better to just walk away today than to keep trading.

You know if I come back at the end of the day or tomorrow and see the CIO goes to $6 without me or whatever you know, as annoying as that would be I Would just say to myself, you know what? you hit your max loss. You got to follow the rules and walk away because the days where you keep trading past max loss, you start getting more and more emotionally fueled with every trade you take. And that's a recipe for disaster. so you know.

And I've known so many traders who have traded for four months or even four years and then blow up their account. You know you'll see it on. Twitter Traders who post you know: 40, 50, $60,000 losing dates Hundred thousand dollar losing days I Mean it's it's a real thing that can happen if you just get tunnel vision and you just keep you know punching those keys. So I always have to be mindful of that that you know I'm at risk of that happening and so I have to always try to keep that discipline in the back of my mind that you know if I'm having a day like this I won't start maxing out my buying power on every trade.

You know how many I've got $100,000 in this account? I Could start taking twenty five, thirty thousand shares of some of these stocks just trying to swing for the fences. Sure, with thirty thousand shares, I could make back twenty five hundred dollars. but I could also lose fifteen or twenty or even thirty. You know I mean these are volatile stocks so you know it's it's just something you have to be aware of.

You always have to be really diligent not let yourself you know, start to build those bad habits and that's the one thing for me that is the the. The bad thing about having 13 consecutive green days is you don't get a lot of practice being read on the day and trading out of it or or or walking away. Either way, you do it. I think I had a couple of read days in this stretch I know I had at least two where I went read and was able to get out of it and that's fine.

You know if I don't hit my max loss and I can get out of it and that's fine but yeah I mean today is one of those days where I said I felt myself kind of feeling like just keep trading or you know there's a seller there on the level - I'll buy those shares you know 10,000 shares seller I'll just buy those 10,000 shares and you know you start thinking oh this is gonna work and I'm you have such a bias and get so stubborn you refuse to give up and it can get really bad. So I'm glad that I was able to step back today and you know, live to trade another day and I obviously have max losses set on my account I think my max loss on this account was actually to say I think it might be two thousand dollars. Let me just check this one real quick. No, it looks like it's not I'll have to call and figure out what it is I have a Mac it might be a $5,000 max loss I do have a max loss on this account where if I try to take a trade it'll get it'll get rejected.

So anyways, yeah so that's about it for me today. you know, read de recap. Hopefully you know you guys find these valuable and you know helps to kind of understand where things went wrong. You know today would be a decent day if it weren't for this these two big losses on PL AG but you know I was kind of aggressive I was aggressive on GLG I was aggressive on TMS are I was aggressive on PL AG and you know we just were not seeing the momentum today.

things were moving but then coming right back down. So I think when I see a stock go from 350 to 450 I'm like wow, this is parabolic. This is when stocks start to go for 55, 56 56 go up from 3 to 4 to 5 dollars and then give it all back and I feel like in the past we saw more of those types of stocks, attract more attention from other traders and start to really open up and go parabolic and that just didn't happen today. So anyways, that's it for me.

We'll be back out of first thing tomorrow. Hopefully we have some good opportunities on the scanner. You know the gold tomorrow just to be green not to make a ton of money. It's not about making back all the loss, but the reason I have the $500 or the $2,000 max loss because my average daily gain last year was about $2,300 or $2,400 So I don't really ever want to give back more than I would make on an average day.

and so you know I might make it back tomorrow I might not if it's a slow day. but the whole this isn't really even a whole. this is just like a small red day. I'll be back at it, you know, and back at all-time highs before you know it.

All right? So that's it for me. I'll see you guys first thing tomorrow morning and and I can keep trying this afternoon. Make sure you manage your risk and trade smart. All right, see you guys in the morning if you're still watching.

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