Hey everyone, good morning. All right? Well um, we're going to do a kind of special episode today. Markets closed so I'm free to wear red. This is probably one of the old only times you'll see me wearing red.

Uh, I don't wear red when it's time to trade. I'm too superstitious, so um, unfortunately my red shirts don't get a lot of screen time. But here we go. So uh, what I'm gonna do for you guys is break down, uh, month in review Month of March 365 335 dollars and 86 cents.

Uh, net profit after fees and commissions. So we're going to talk a little bit about uh, the previous month and I'm going to give you kind of my uh, game plan for the month of April. So uh, and I want to wish you guys a Happy anniversary. Happy Anniversary to you, Happy Anniversary to me, Happy Anniversary to both of us.

This is the six year anniversary we're celebrating it in the month of April of when I published How To Day Trade which is my book that accompanied my first day trading course. I wrote it a year following the first Day trading course. So it's also the seven year anniversary of when I uh, began teaching our very first day trading course. And so this is kind of an exciting, uh, time of year.

I think spring is kind of like, um, the time of year where the things I was kind of working on during the winter finally came to fruition. Which was the book and then the classes. and so I hope some of you guys have already been studying uh, this winter. But if you haven't been studying and you want to get started now, this is a great time.

To start, we're going to be running a anniversary sale, which I'm just going to put. Let's see, I'm going to put that right there. And uh, by the way, let's see, I'm gonna put uh, this right here. So these are my broker statements for um, for the year so far.

Of course I upload them at the end of, uh, each month. So that's for the month of March right there, my broker statements, and uh, my Trader view report. and then this right here is the anniversary sale and we've got that going on right now. So those you guys who want to learn a little bit more about my strategy would love to have you check it out.

As always. Uh, I'm going to be talking about my results. Uh, during this episode here, my results are not typical. I've been trading for a long time.

You shouldn't assume that these results are typical. 365 000 in one month is certainly not the typical experience of a trader. I've been doing this for a long time, trading is risky and uh, you saw my disclaimer at the very beginning of this uh stream. I'll pop it up again here real quick.

But most beginner traders lose money and so what we really encourage is not for you to jump in the market with real money and just start blindly following me on every trade. No, what we want you to do is to practice the strategies you're learning in the classes in a simulator. And of course, as a Warrior starter or a Warrior Pro Student, we'll give you the opportunity to trade in. uh, the simulator that we license for you guys.

So um, it gives you a chance to test the water and practice the strategies you're learning without putting real money on the line. So our two most popular classes that the anniversary sale coupon code celebrate 40 can be used on is the Warrior Pro Course and the Warrior Starter Course. All right. So the Warrior Starter just just, uh, I'll just kind of put it out there, just a quick little breakdown of what it is and then we'll get into the metrics.

Warrior Star is a 15 chapter day trading course. It's an introductory course for people that have never traded once in their life. If you know nothing about trading, what it means to buy and sell what the bid and ask look like, if you've never traded or opened a trading platform, this class will lay the foundation. By the end of that class, you will know how to trade because I'm going to teach you how to trade in our simulator.

By being in that class, you'll have access to our simulator, access to our chat room, and access to my proprietary scanners. All right, those you guys that go into the Warrior Pro class, you'll have access to the Starter plus all the Advanced Strategy Development classes that make up the Pro, including the Dip. trade the Gap and go trade. General Momentum trading, Abcd patterns, both flags, everything else.

All right. So with that said, I'm going to put this down here and let's talk a little bit about uh, well and and then one last thing. Um, so for the month of April, Um, I want to give you guys the opportunity to join us with a 40 off coupon code celebrate 40 and I also want to give back. And so for every Thursday for the month of April, it'll be a thankful Thursday.

So every Thursday all the profit that I make will get donated to charity. So yesterday, Um, was the first Thursday of the month and so let's just look. oops. Um, let's just jump this forward here to here.

So um, so this was where I finished in net profit. I actually donated twenty thousand dollars. My gross profit was twenty two thousand which was a not a bad start to the month. Um, those of you guys that were live streaming in the morning I finished up fourteen thousand and then uh, after I finished live streaming I went and had some lunch and did some stuff and then I came back and I saw that acy was ripping this thing squeezed from six dollars all the way to 16 and I traded on that move.

Uh, up here to a high of I guess 1580. So I I wasn't sort of really dialed in on it. I wasn't really aggressive on it. In fact, I only made about an extra seven thousand dollars on it in total.

But I did trade it through this move so that put me up to 22 000 on the day yesterday. Which means if I donate based on gross profit, which is what I'll do, I'm gonna donate another two thousand dollars today and I'll let you guys give me some suggestions of, um, where I should donate that to. Maybe I'll split it between a couple different places. I'll just get my notepad here so you guys give me some suggestions and at the end of this broadcast, I will do those donations All right.

So that'll be twenty two thousand dollars donated so far this month, uh, for charity and again every Thursday for the month of April will be a thankful Thursday. so my trading profits will get donated to charity. Now for those of you guys are saying donate to me, I want some money. What I'm giving to you guys is education.

You get a lot of free education right here on the youtube channel, which I know you guys really enjoy, so that's probably the biggest gift that I can give you. I mean, it's that's the whole thing of learn to trade or give Give someone a fish. or teach someone to fish. I'm trying to teach you something, so I encourage you to take notes and try to absorb as much as you possibly can.

And as always, if you want to join the classes, you're welcome to do that. And I've paid it forward by giving you guys a 40 off coupon code. Okay, so let's talk a little bit now about the month of March. So March Well, and maybe let's set the stage by looking all the way back to January of this year.

So I'm sitting in gross profit before fees and commissions at 1.7 million dollars of profit. on the year After fees and commissions, I'm at 1.5. So that means I've spent 189 thousand dollars in fees and 31 000 in commissions. Both of those numbers are probably individually and certainly combined more than some people make in an entire year.

I am, uh, definitely on the the list of getting a gift basket around Christmas time for my broker. I do trade at a broker which uh, does charge commission the platform that I use and I'll just I'll just put this here. I don't think I can log in today because the market's closed, but this is the platform that I use. It's called Lightspeed Trader and this is a platform really designed for what would probably be considered either professional traders or people that are making an effort to trade as maybe their primary source of income or who are taking it really seriously.

I do have an account with uh, Td Ameritrade, which I'll sometimes. um, you know I've used it here and there, but I don't really trade in that account a lot. One of the challenges between uh, Light Speed on the left there and Td Ameritrade on the right is that when you trade with Td Ameritrade I have just found that it is. Well, you know it's not designed, does not cater to traders who trade as quickly as as I do or as I want to.

And if we look at a stock like acy just from yesterday, What? We can see individual one-minute candles that are so big. Let's just look at a one-minute candle from I don't know. I'll just look at a big one. Well, that's that right.

There's a one minute candle in one minute. The stock dropped from 1355 to 1208 in one minute. That's 60 seconds. So if you are trading with a platform that is not very quick to use in in the fact that you can't use hotkeys or the orders don't route instantaneously, seconds can actually make a difference in this market, so I choose to use a platform that's faster.

I would encourage all of our students to use that type of platform as well for trading, but ultimately people will do what they'd like. And in fact my one of my million dollar Students is using Td Ameritrade and the other one I actually think was using uh, Charles Schwab. So neither of those are brokers that I would typically think are ideal for trading. But they've both made it work.

and several other members of the 100k club have also gotten their badge using Td Ameritrade, So you know it's it's to each their own, but in any case, um, so we'll put that back down there. So I do pay a fee in commission, but in my opinion it's it's worth it because I feel like if, um, I feel like it allows me to feel comfortable taking larger size. And if I was trading with like Td Ameritrade, I don't personally think hey Larissa, I don't personally think that I would be comfortable 50, 60, 70, 000 shares. Now, I don't do that often, but when I do in Lightspeed, I know that as quickly as I got in, I can get right back out and I just don't feel that I could execute those orders as quickly with your typical broker like Robin Hood or E-trade or Td Ameritrade.

They they just don't cater to traders like me, which is fine. Uh, we're not the majority, but in any case, so um, all that was just to justify why I've spent that much money in fees and commissions this year. So back to gross profit. So I'm going to look at my win loss expectation for the year and this is where I'm kind of setting the stage for you guys.

So as we come into the month of March, um, you know I think it's important to kind of ask. you know what? what just came ahead of that or before that. So I started the year going into the red by 100 and uh, about 150 000. That's the furthest red I have ever gone in one year.

Uh, I. I've never had a year where I was down 120, 150, 000. Now of course the first two weeks of January is, you know it's still a lot of time to recover, but that was stressful. I didn't like that feeling and I think what happened for me was I came out of the gates swinging because it feels so good to build a cushion on the month or and on the year.

Once you build a cushion, you sort of feel like it's smooth sailing. It's the psychological thing of, you know, some people you know when they're doing a race or whatever it is, they want to try to get to the you know, get to the front as quick as possible and then they have that psychological feeling of I'm holding. I'm in the lead, I'm holding the lead now. Other people are okay with letting people dash ahead and they know that it's a marathon.

It's not a sprint, I'll I'll be there. You know when we come to the finish line to be able to have a strong finish because I'm not burning myself out. But I'm I guess not like that and I tried to go big and ended up, you know, screwing up here in the first two weeks of the month and then Gamestop happened And that led to this surge here up 866 thousand dollars and that basically happened in one week. Completely unexpected.

I would have never, uh, seen that coming, but that's what happened. And then I proceeded to lose a hundred thousand dollars on one day, had a small two small green days, and then lost 275 000 in one day. And it happened on my birthday. So that was where I started.

Basically February February 4th. Um, I was down off my highs. Whatever, that was 300 thousand dollars. So if we just look at this by um by month this was the the first two weeks of January terrible and then the second two weeks of January were solid.

Now let's go back to um, oops, hold on. Sorry, Uh, look at February. All right. So first two weeks of February Terrible.

Well first week was terrible, the second week was was better and then the third week was good and the fourth week was good. And I mean I had a hundred and seventeen thousand dollar green day there 207 there. So I made some some headway and then we're going to come into the month of March which is what we're going to be reviewing right now. So by the time I came to the end of February and into the month of March, I was What I was telling myself is I don't want to go deep in the red on the month of March, you know I just had obviously a a really difficult start both in January and again in February.

So my sort of main goal and that was 420 000 in gross profit and then net profits 365 after fees and commissions. My main goal is just to try to not screw up in the first two weeks. That was my goal and so I spent the first two weeks coming in each day reminding myself to trade less to be very quick about getting in, getting out, not overstaying my welcome. And as you can see and I'll guess I'll put it on the calendar here just so we can kind of look at it.

of course many of you you could go back and watch the individual videos if you want sort of the breakdown of the individual trades, but I did get a really good start on the first Tuesday with 70 000. I was like that's fantastic Now I just got to hold on to it. Not a great day here, a small green day or a small red day here, and then a good day on this Friday. and in fact these would be my two best days of the entire month.

The following week, things were a little slower, only 1600 on that Monday good on the Tuesday Wednesday no trades. Thursday and Friday were okay, and then Monday the 15th. 30 000 in the red. So that at that point was my kind of first.

uh, big Red day of the month. However, relative to the previous month, it wasn't that bad. And what I've kind of told myself is that I don't really want to lose more than I feel like I can make in one good day. So since I can make thirty forty thousand in a good day, losing thirty four thousand, thirty to forty thousand in a bad day is not the end of the world for me, because I know that I can probably make it back.

And I did. I was back up 27 000 the next day was back to green on the week, on Wednesday, had a great day on Thursday and then lost 26 000 on Friday. So I finished that week more or less flat. It wasn't wasn't really productive, but flat is of course, better than deep in the red.

And then the last. Um, the last two weeks of the month. Which you know we're here on the second. So these last two, four, six, eight, nine days.

What's that? Two, four, six eight, Yeah. nine days. These last nine days have been green. Uh, however, not really.

anything big. You know. no big green days, Nothing, nothing incredible and even yesterday with acy I said to myself I was like why are you trading this at one in the afternoon? This is so stupid you shouldn't be trading this And so I was like, you know what, let's just trade it with smaller size and if I can add a little bit of profit, that's great. But for the most part, for the entire month of March, I was not trading in the afternoons.

So let's look at my um, if we look at the detailed p Let me back this out a little bit. and then we look at days and times. So interestingly and I don't really know what this is about. I lost money on Mondays.

I think that's just a coincidence, but I lost money on Mondays and then the days and times I made the most money. I actually lost on an early trade at 6 a.m So one trade that was really early and I lost on some of my afternoon trades. So generally I didn't trade much in the afternoon. but when I did, I was losing.

And this is right on the left side here my distribution. So this is the distribution of trades by hour of the day. So I primarily was trading at the open and then you know, following the open. And then I didn't trade much.

Uh, later. I mean a little bit, but not comparatively. The majority of my trades 389 were right here at the open and that's where I made the bulk of my profit. And I think it was after the first couple weeks.

I was like, you know what? Just don't even trade afternoon, just just walk away. So this is kind of a challenge of knowing when to walk away, because on the one hand, I feel like, well, the market. the market has been extremely volatile in this last year. There's a tremendous amount of opportunity.

I should be more grateful for that opportunity, and I should trade and try to capitalize on it as much as possible and trade all the way until you know, four o'clock in, you know, maybe a year from now, or looking back two years. We sometimes wouldn't even have momentum in the morning, or would have very little momentum going into lunchtime and in the afternoon. even if you wanted to trade, you couldn't. So to make a choice, to say the market's moving and I'm not going to trade, it feels I have a hard time doing that.

It feels like I shouldn't do that. I should really try to capitalize. On the other hand, what I find is happening to me. Uh, two things.

One, you know, I have life that gets in the way of afternoon trading. Whether it's things that maybe I enjoy doing or things that I just have to do so I'm not able, I'm just simply not able to trade every single afternoon. And the problem there is that one afternoon I can't trade and something makes a huge move and I miss it. And then the next afternoon I can trade and everything's choppy.

and then I lose money and I feel frustrated because dang it, I missed yesterday. If I didn't have to do this thing, then I would have been able to trade it. But so it sort of feels like I either have to commit to all or nothing because it's the sort of haphazard occasionally trading in the afternoon that makes it more sort of the luck of the draw of whether or not that's going to be a good day in the market. That's number one.

Um, and then I think number two is more of this. Well, they're both sort of psychological issues, but number two is, um, the um, sort of frustration that I get with, um, feeling like decision fatigue is wearing in on me and I just start making bad decisions and I might have had a great morning and had some nice gains. And then going into the afternoon I just start losing it and I just start making bad decisions. and next thing I know I went from being up, you know, whatever.

twenty thousand being about only ten thousand I'm like, man, I really overstayed my welcome and then when I'm up only 10 000, I start to get frustrated and I over trade more and more. And the next thing you know, I'm red on the day And so that's kind of gotten me into this mindset where I'm thinking that I should, that I should really only be trading sort of in the mornings when I'm at kind of my my personal, uh, peak performance and you know it's it's it's qui. I can't say entirely whether or not that's ultimately and gonna forever be the right move, but it feels like, um, that's the right move for me for right now to trade a little bit less, be grateful for what I have and then you know. Obviously, if I'm only trading in the mornings, then I don't have to feel that kind of frustration that oh man, this is the afternoon I chose to trade and I missed it.

And then here's the afternoon where I um, didn't trade or you know, whatever. So and I just look at this day here. This was on the 15th of month, the Monday the 15th and this is a day where I actually went, um, up 15 000 all the way to down 26 000. you know, and it's like dude, that's that's not great, You know that's that's not what you like to see.

Why didn't I stop trading sooner And I I you know, what happened was basically in two trades. I gave back all my gains and immediately became emotionally hijacked. And that emotional hijack is something that a lot of traders struggle with. It's and it.

It can happen so quickly. all of a sudden you're just, um, you know your your tunnel vision fomo trading trying to make back what you lost. Because the thing is, when you experience a financial loss, it triggers the same part of your brain as that fight or flight response. It's that reptilian part of your brain.

and when that's engaged, you are not using that analytical, calm, cool, collected part of your brain. And so it takes a lot of training to be able to face a a trigger or a catalyst that would typically send you into that sort of primitive state, and to be able to hold strong. For even seasoned traders, we can have these momentary lapses in judgment where all of a sudden we just, you know, we collapse and and we make terrible mistakes and and I've had that happen to me. I had that happen to me in February which was, um, obviously terrible and went on the day where I lost um uh, 275 thousand dollars.

So we'll go back here to the month of February. um oops, that was March. Um, hang on. Sorry, go to February here.

So this day here I went down. look at that. I mean I just I went from green to red and then I tried to make it back and I just got totally. I just got totally nailed.

It took the worst trade of my entire career. so you know I was definitely emotionally fueled. There was my birthday and I really wanted it to be a nice green day and I just got super stubborn and anyways, that's that's behind me now, which is good. But the lesson from it? um, you know, more than anything is that one of the biggest obstacles to long-term success in trading is becoming, um, more? I don't know what I would say the right word is, but it's It's around trader psychology.

I don't know if it's becoming more, it's not. It's not really about being in control because you know emotions happen they. you know it's hard to control emotions. It's more about being aware of how these different things can trigger you.

And once you recognize you, become aware of your triggers, doing, um, doing everything possible to cut yourself off when you see those things coming, or right after a really big loss where you give back half your gains or whatever the case is, you know, sort of drawing the line right there. and it's a challenge. It's not something that is easy, and through working with students and talking individually with some students, it seems that the common belief is that trading is sort of half skill and half psychological. And the challenge there is that you could have someone that comes in with.

you know, the totally great psychology just mindset. They come in with the right mindset, They're disciplined, they aren't desperate, the gains They make from trading are great, but if they don't have gains, it's also not the end of the world. And so for someone like that, they've got. they've already got such a strong head start.

All they need is a little bit of skill and strategy. and then they can be potentially off to the races. and then you can have someone who comes to the table with no discipline. Extremely desperate.

I need to make ten thousand dollars by the end of next month et cetera et cetera. And they are impulsive and they easily get angry and triggered. and it's almost like no amount of skill can overcome some of those obstacles. And so you know which is more important? skill or psychology? it's I mean, you can't have one without the other.

You need that traitor's mindset. And so in one of my interviews that I did with Ted, who Ted and Diane run the trading psychology program that we have for Warrior Pro students, I asked him, how are you supposed to You know if someone naturally comes to the table with this mindset that's maybe predisposed to be successful, which is they already have other sources of income? They're not desperate. If they make my trading, it's great. If they don't it's no big deal.

Well, how do you fake that mindset if that's not your situation? If your situation like it was for me when I was getting started, is I need to make consistently 200 every single day so I can pay my bills? Then you know, obviously there's more desperation there, and there's more pressure and more pressure and everything else. It just how do you then put that aside and adopt the headspace of someone that you're not And and I think that that is probably the That's like one of the biggest questions and challenges for a beginner trader. And I think that there's a couple of different ways to approach it. and Ted and I talked about this in quite a bit more detail, but just sort of.

um, but just sort of. In summary, I think that, um, it has to be. There's a certain degree of understanding the mindset that is going to be sort of characteristic you know, typical of someone who's more successful. And if you can visualize that mindset, you can see that they're not desperate, they are genuinely curious about learning, they're not getting angry, and you see that you're like way over here.

That's kind of a process of first, the realization that this is where I am, and this is where I need to be. Because for a lot of beginner traders, they don't realize where they need to be. They don't realize that the psychology mindset is the problem, They just keep doing what they're doing and they just keep spiraling. So first is the awareness, the realization, the discovery of wow, this is where I really need to be in terms of how I approach the market every single day.

And this is where I'm at right now. How do I? How do I get there? And then I think it's a process of recognizing the triggers that that fuel you and that kind of ignite that uh, Fomo, or that anger and that frustration in you. And trying to dial in the trading so much that you're focusing on accuracy first and foremost, trying to get the highest level of accuracy. Because when you start tuning in your accuracy, you begin to really build confidence.

You know you'll have days where you make money and you're like, all right, I know what I'm doing. You'll have days where you have three trades and they're and they're winners. And the problem is if you overstay your welcome and you keep trading, the more time you expose yourself in the market, especially as a beginner trader, the the more risk you have of that. You know that blow up, that that one trade, you get in and it just drops instantly.

You know, Two dollars a share and it just wipes out 15 good winners. It's not to say that that can't happen even if you limit your time, but if you really focus on the best quality setups, you focus on the best quality stocks. All of those are things that we do to try to reduce our risk in trading. Acknowledging that trading is risky, but of course, anything we can do to help mitigate that.

Avoiding penny stocks avoiding. um, I don't know. You know, certain stocks that are notoriously choppy like Etfs, or maybe commodities like gold or natural gas, and focusing on stocks have a reason to make a move, whether it's earnings or some type of other catalyst. The stocks that have high relative volume high relative volume is typically the result of the catalyst, and that all generally becomes a stock that is going to be very, very much in focus on on any given day some traders try to get in the habit of I'm just going gonna try to like get really, really good at trading Tesla.

I'm just gonna trade Tesla every single day or Amazon every single day or whatever stock you choose. And while that may work for some people, it's kind of like playing chess against the computer because those uh, stocks are traded so much by algorithmic trading. Algorithmic trading volume accounts for, well, the last that I'd seen, uh, the majority of the volume in the market. So I try to focus on stocks that have a reason to move that are not going to be as dominated by high frequency trading algorithms which can create choppier price action and instead have a genuine reason to be moving now.

Acy, yesterday was kind of an unusual um, example because the catalyst that we've seen has been the bankruptcy filings. uh, chapter 11. But on the other hand, um, uh, you know, bankruptcy can be kind of an interesting thing because it can be something that, uh, traders are afraid is gonna happen. and then when it does happen, it also depends on on the restructuring and stuff like that.

So um, in any case, they're trying to clear their their balance sheet of debt and continue trading as a publicly traded company and we'll see how all that goes. I haven't gone into all the details of it, but in any case, um, that was the catalyst and this traded with Gosh is that 148 million shares of volume? I think it is 148 million shares of volume yesterday, so there's a very good chance that that was compared to the previous day. On the previous day, it traded 659 000 shares of volume. So how's the stock go from 659 000 shares in the entire day to almost 150 million the next day? And it's clearly some type of catalyst.

And again, it's not to say that these stocks go up and down. There's opportunities, long and short, and the purpose of this particular class isn't to break down the individual strategy, it's more just to talk about. sort of the highlights and the high level of March in review and some of the things that I've kind of had on my mind. but uh, but yeah.

in any case, so I think for a beginner trader, less is more and one of the challenges there is that when you're first getting started and trading in a simulator, you want to practice a lot. You know you want to. You want to trade a lot because all the time you have in the chair is experience watching the level two and watching the price action. You know all of that is gaining more and more experience.

So ultimately you want to trade a lot at first and then when you're getting ready to switch live, That's when you start to sort of really throttle back and and say i have to take. My goal is to get 15 20 cents a day out of the market with 100 shares. That's 20 bucks if you get 20 cents. Now of course that who no one's why would you put all this time and energy into something Only make twenty dollars a day.

But the whole idea is that if you can prove that you can make twenty dollars a day with a hundred shares and you can do that for a couple weeks, That's where people would start to scale up to 200 shares and then to 400 to 800 to a thousand and eventually up to two, three, four, five, Six thousand and some will continue higher. I've seen traders out there that trade with a hundred thousand shares. I personally don't trade that heavy, but on a typical trade for me on something like acy, well on acy, the promises happened a little bit later in the morning, But on something. What else did we have? yesterday? we had Ftft And Ftft.

My gosh, man, that got nailed. Oh what did they have? Oh, you don't like to see that. So they did a 35 million dollar direct offering. Oh right in the afternoon.

Boy, see you. You hate to see that because that just, oh, that's just so gross. So it dropped from 780 all the way down to 580. that's terrible.

Well, unfortunately, that's not uncommon with small caps and that that right. There is also a good example of the risk. The longer you stay in the market, you know you could just have the luck of the draw that something like that happens. But in any case, I was trading this in the morning.

Um, through the red do green move. Uh, right here and I can't remember. I think I might have bought 15, 20, maybe 30 000 shares at the most. I don't think I went higher than that yesterday, but 30 to 40 000 shares is not uncommon for me.

So let's say 30 000 shares 20 cents is 6 000. Now it's true that you can't really go from 100 shares to 30 000 shares overnight. Obviously, the the risk is so much higher, it takes a a pretty long period of emotional conditioning to get comfortable with big size because of course the winners are easy. But it's the losers that are upsetting.

And there's also a factor of slippage on the entries and the exits. So you know, obviously. Um, you know, this is. um, this is sort of the the challenge that we have where if you try to do if you try, just grab 10 cents with 30 000 shares, you're gonna find that you get two cents of slippage on the entry.

two cents on the exit. So ten cents is really only six cents. Now that's going to be a problem when you're talking about really small little profits. When you're talking about bigger windows where you have something like acy that goes up, you know, a dollar a share.

The slippage may not be as big of a factor, but anyways, that that's sort of part of the the process of first kind of, you know, trading with small size 20 a day or whatever the case is, you set sort of a smaller goal and then increasing that share size as you get more confidence. So accuracy. For me, in terms of thinking about the sort of components of success, it's girl, go way down, Go down. it's mindset.

No doubt. it's consistency, profit loss ratio, accuracy. And I like to focus on accuracy because inevitably, when you have a higher level of accuracy, your confidence goes up, your mindset is stronger. You usually have a better profit loss ratio.

now. Okay, of course if you do have one or two losers and you just let them get huge, that's going to be a problem. But that's um, that's something that is part of risk management and setting stops and so on and so forth. So anyways, um, you know this.

um, uh, As I sort of think about the last uh, month here, the month of March, I definitely traded less. I was not as active as I had been on, uh, in in other months. I guess if we could actually look at my total number of trades, um, let's see my total number of trades and we'll look at January 1st. Total number of trades in January was 985, total number of trades in February was 1231.

Okay, and total number of trades? oops, in March was 652.. So I traded half as much as I traded in the previous month. And you know what? I actually walked away with a little bit more money in my pocket. I made more money in March than I made in February.

In February, I dug myself a hole and then I had to work really, really hard to dig myself out of it. In March, I didn't dig myself a hole, which was good. I didn't have any huge winners which was kind of a bummer, but it was a little bit more of slow and steady and I feel better about that. So one of the big challenges is for me at this point is can I be okay with leaving money on the table? Because if I stop trading at 10 a.m or 10 30, I'm leaving money on the table.

Any you know, in theory anything that would have happened later in the day, I'm just going to completely miss it. And so you know, Like I said, we're in a really hot market. I mean generally speaking, this last year has been really hot. Stocks like Acy certainly provided opportunity in the afternoon.

You know it feels like I shouldn't be. Uh, you know, kind of just turning my head away from that and not capitalizing on it. But then I find that the longer I sit here in the market, the more that decision fatigue kind of weighs on me. the more the frustration kind of sets in.

and sort of each day I start with a fuse and then it kind of gets shorter and shorter and shorter and shorter until potentially in my last trade I end up getting stubborn and holding 20 000 shares, losing two dollars a share and I go from up 30 grand to down 10 grand on the day with a 40 000 loss and it's like oh my god, you know it wasn't worth it. So I think if I was a robot if I was a machine then yeah, I would trade all day long and I would have some mechanisms that I could implement where you know once it was past 11 a.m I reduced my max share size. on the day from 30 000 shares to 20 000 and then past one I reduced from 20 000 to 10 000 and past two I reduced from ten thousand to five thousand. But I have found that trying to implement all of those types of rules in practice is very, very difficult.

and it's so easy to just in the moment say no, I'm not doing that. This is so hot I should keep trading with Big Size. So for me, I'm trying to embrace this idea of trying to kind of come in, get my daily gains, get my goal, and then get out. And my goal this month was 20 000 a day and I averaged 17 000 a day.

If we go back to Uh, to January, I'm averaging 25 000 a day. So I thought twenty thousand a day was realistic. Um, certainly. I mean, I don't need twenty thousand dollars a day.

You know, it's not like I need that amount of money, so there's not really a desperation there. It was just sort of an aspirational goal that if I could do that, you know we'd be talking about a pretty incredible year. I mean, that's 5 million a year, but I, you know at the same time, when you're you know what's really the difference between a four million dollar a year and a five million dollar a year? I mean, it's it's a million dollars, but when you're at that level, I'm not sure what the real difference is. How big of a difference, how big of an impact does it make and it it.

To me, it's There's not much of one, uh, which is good in a sense. Like I said that the desperation and all that is lower. But it also is important to sort of be mindful of not pushing too hard. It's important to have goals.

It's important to be aspirational and say, okay, you know this is what I did last year, so you know this is my goal for this coming year. So we just finished the first quarter, right? the first quarter of the year and I'm at 1.4 million. We just round up to 1.5 So if I was able to maintain that through the rest of the year, it would actually be a six million dollar a year in net profit. That would be an improvement over last year last year 2020, 1231, 2020 In uh, net profit 4.57 in gross profit 5 million.

Now I say it was a 5 million a year. It was a 5 million in gross profit. But the net was 4.5 So if I actually did six in net this year, that would be a 50 increase. Just about not quite, but it would be a significant increase year over year.

I think that, um, we've gotten a really strong start to the year, which was fueled by the Gamestop momentum. Uh, I'm not sure that that's gonna last. It already feels like the month of March was cooler than January and February, although intermittently there have been some opportunities like on Acy and a few others, it has not. You know, I haven't.

I haven't had a day where I made more than a hundred thousand dollars. Just, you know, just to sort of throw it out there. since February, my best day in March was 71 000 and my best day in February was 206 000. I mean, that was the second to last day of the month, but it was on Gamestop, so you know I I haven't had a six-figure day in now four weeks.

I don't know. could I have had one yesterday if I was more aggressive on acy? I suppose so. but I maybe. But I just you know.

Like I said, I left that on the table. And so I think sometimes it comes down to, uh, you know, uh, can you is is ten thousand dollars enough? Is that good enough and some of you may struggle with this as well. You know you're up. You're like man, if I, if I was only trying to make 50 a day, it would be easy.

It's that I'm trying to make 500 and then I keep being up 400 and then losing it and I'm down. So you know you set the bar really low and maybe it's like, okay, well that that would be easy to do if I set the bar that low. It's my problem is I'm setting the bar too high, I'm trying to get there and then I keep screwing up and you know, giving giving some back. So it's a it's a challenge in terms of trying to figure out what is the right, what's the right goal.

And I think something that traders will struggle with is that I don't think I mean there's no trader out there that's going to make the same amount of money every year. Some years inevitably will be better and some will be worse. So on the year that's worse and there's a good chance that I'll make less this year than I made last year. last year was so good I can't I honestly it's hard to fathom making another five million dollars or three and a half million dollars trading this year.

I mean it's I know we're only at the end of March or beginning of April here, but that's a lot of money, of course. 20 000 a day, 30 000 a day. It adds up, so maybe it'll happen, but um, you know it, it's It's also very likely that I will make less than I made last year and that would be okay. That's something that can be hard for people to kind of get their head around.

They think, oh man, I just had this great year last year. Well this year should be the same or better And that's not the way it is with trading. Like obviously with you a nine to five salary, if you're making a hundred and twenty thousand a year, you know you're going to be making that. it's not going to go down.

Maybe you get a 5 bump or 10 or whatever. it, I don't know. You know, maybe you get a raise, but that salary is. There's no reason it should go down as long as your job stays the same.

But with trading, you can come in every single day and one year make 200, 000, the next year make 400, the next year make 200 again. And it's like, makes it hard because you sort of adjust expectations when things are going well and it's hard to realign those down to, you know, account for the market. But that's essentially what trading requires, adapting and adjusting your risk tolerance and how aggressive you're being to the current market that you're in and this current market. Um, you know.

Obviously we've had some great opportunities and everything else, but March was a little cooler. I also traded a little less and I think I would be totally okay with doing the same thing in April. So for the month of April you know, I know. Yesterday and I was kind of upset with myself for this.

I was like, why are you trading the afternoon You know this is stupid. It's you're if you lose ten thousand dollars and you're up only four grand on the day, you're going to be so upset with yourself. So that's what you're risking being extremely upset and disappointed with yourself. and and if it works, you make an extra five grand.

So what? who cares about that? So you know that Fomo kicked in yesterday and I traded acy and it's fine I guess. but um, I'd really prefer not to do that. I'd prefer to trade the open. You know from whatever it is 8 30 pre-market to 9, 30, 10, 10, 30 maybe and then call it a day and I don't know, that's it's something that uh, I'm trying to come to peace with because it's it's not easy and of course I see people in the chat room that will be trading all afternoon.

You know, all the way till the bell at four and it's like I feel like man, they're They're catching these opportunities and I'm sitting here missing them. But you know is what you made that morning. Enough so that comparing yourself to other people is a challenge because I could compare myself to people who make more money than me. We all could do that.

The only person who can't do that is Jeff Bezos uh, or Elon Musk for like a month. But when Elon Musk was at the top, I don't know. Maybe I mean when you're that high up, but but again, there's always someone above you except for one person who's at the top. So if you want to get in that mindset of comparing yourself to other people and somehow attributing your personal value based on a measuring tape of how you line up to other people, you're always going to be unhappy.

You're always going to be unsatisfied because there's always someone out there that could measure up better than you in one way or another and that you know you? you might not. I mean, that's sort of a life lesson, but it's one that Um has been forced upon me by trading because this is a career with such a Um, the measuring tape of of you know profits is just everyone's Everyone's always comparing how much we made each day. oh, I made this, I made this. You know you.

This is just a career Where that's the, that's the metric you know. So it's just natural that it's hard not to, um, draw those comparisons. And if I see someone out there that made you know, five million dollars or 40 million dollars on Gamestop, I can't help but think I had the money. I could have taken that exact same trade and I didn't.

Why not? I've been trading this long and I didn't step up to the plate and throw out so so maybe I would have been risking a couple hundred grand. I made four million Five million last year. Was it matter? But I didn't, I chose not to. You know, And so you could spend all that time kicking yourself and you know, getting yourself upset and disappointed.

and ultimately, in my opinion, that's not going to serve you very well at all. So I try to think about that. Um, you know, when it comes to trading, when I start dwelling on losses, or I start getting and comparing myself to other people, I ask myself, Is this really serving me well? Is this train of thought serving me? How is this helping me? Sometimes healthy competition is okay a little bit, but at a certain point it can be become detrimental to long-term growth and to general happiness. So that's where it's important to have a real, um, kind of honest reflection of you know, Is this, uh, is this serving me right now and and that can continue right to over trading is over.

trading. Serving me right now. Is the ten thousand dollars or twenty thousand dollars a day enough? Or do I have to stretch for forty or fifty thousand dollars every single day knowing that some days, when that happens, I'm gonna end up giving back everything. So I'm risking everything I'd made on that day.

Not everything in total, but everything I'd made on that day to try to get to the next leg. And then I go back to square one so you guys could probably have that, um, same you know kind of thought process about is a hundred a day enough? or should I always be stretching for 300 or 400? you know? And it's you want it. You want to be good, You want to get good, You want to build a cushion. We all do.

but at the same time, you got to be grateful for what you have. And when you're not grateful for what you have, then it can be a problem. So all right. Well we're coming to the end here.

I just wanted to stream for a little bit and kind of give you my March month in review and talk a little bit about thank you guys for tuning in and hitting the thumbs up. I didn't think too many people would tune in live because of course the markets closed today but uh I this is my this is my routine. I like to come here and work for a little bit so decide to come on over work for a little bit. Uh thank you guys who have tuned in and have hit the thumbs up.

Um I'm gonna do a couple of donations here so let's see. I'll put this up here for right now. Um, I actually forgot to write down. so um I'm not going to scroll back up so why don't you guys give me um a couple of ideas of where I can donate? I I because I finished up 22 000 in gross profit and I'm doing my donations based on gross profit So that's for Um, that was for yesterday.

So just as a recap for those that missed it at the beginning, every Thursday for the month of April, this is our anniversary month. So it's been six years since I published had a day trade. It's been seven years since I began working on our first day trading course. So April is our anniversary and I'm gonna pay it forward in two ways.

Every Thursday this month all of my profits will go to charity. That's the first way. The second way is we're giving a 40 discount for you guys who want to join the classes. So um, so I bet so we could do.

um. Wounded Warrior for Veterans. I think that's good. Wounded Warrior.

Let's see St. Jude's Local Food Bank. So I already did. Thousand dollars yesterday and ten thousand of that was for um, the Local Food bank Saint Jude? I know a lot of you guys really care about that.

Um, I will do St. Jude's Let's see. So Matt, just to answer your question, I use Trader View make 15 20 executions. but it says for trade.

So um, so that's in. That's it's the way it groups a trade is a round-trip trade. That's that's the way it kind of does it. Let's see, um.

Ocean Cleanup. I like that idea. Um, I'm not sure what organization does that. Latin American Association? Okay, I can look at that one.

After research down. I haven't heard of it. Leukemia and Lymphoma Pit Bull Rescue? Write that down. Doctors Without Borders? That's another good one.

All right. So let's see. Um. So while I do a couple of donations, Um, if you guys want to, if you have any questions that you want to ask me, I'm just going to pull this up on this screen.

All right. So let's see. Um, The Ronald Mcdonald House. Um, yeah.

let me look at that. Um, I'll do. I'll do one there. Um, so let's see.

I'll donate. Um, 500 bucks? Let's see. Um. so I've got 2 000 more to donate.

So let's see. So let me let me bring this down here. I'll do the payments on my screen All right. I got my credit card out so Matthew says who here has tried his course.

Is there anyone? Uh. streaming that is a warrior starter, warrior, pro student that wants to chime in for ocean. Okay, let me check that for ocean for ocean bracelets that clean the ocean. Interesting.

Okay, I've never heard of this. Um, all right. So St. Jude's Hospital? I've got that one.

Let's see. All right? Okay, Shh. Okay, all right, let's see. there we go.

Um, is there anyone you want me to make this? um Ronald Mcdonald in honor in honor of I'll leave that there for one second. So it seems this for ocean website. Um, just by the way, it's more of like a one percent for the planet Seems just like they sell, they sell a bunch of bracelets. I mean, I'm not.

I'm sure they. I'm just. I'm not clear that it's a donate. It's a little confusing.

Keith, I don't see. Um. Anyways, all right, I'll just do this. I'll just do it like this.

Okay, all right. one time gift, there we go. All right. So that one there's 500.

So that's from yesterday. Let's see. So that gets me up to twenty thousand, Five hundred. So you're right.

I could donate, uh, two classes. Or I could alternatively donate, uh, 40 off classes for more people at the end of the day. Three giving for giving 40 off three classes is more than giving away two free classes. So let's see.

All right, So I'll do 500 for St. Jude's Here, they're theirs, is easy. Their platform's easy to use. They obviously are wanting to make the donation process simple.

Okay, so there's the 500 there for Saint Jude, so that's a thousand dollars. And then I'll do two more. So let's see. Oh, we said Wounded Warrior indeed.

warriors. Okay, all right there we go. Okay, all right. so this one is good to go there.

and I'll do one more here for leukemia and lymphoma. All right, So that'll get us up to 22 000 Which is, uh, just under well in gross profit where I finished yesterday. So there we go. 22 000, Or right right right at it.

Okay, all right, there we go. So that gets me, um, squared up with my thankful Thursday donations for yesterday, the first Thursday, and I'll be doing that again. Like I said next Thursday and every Thursday through the month of April. While we've got this, um, uh, well, we've got this special, uh, anniversary sale going on, so I hope you guys have a great rest of the day.

I hope this was, um, helpful and interesting. Please hit that thumbs up and subscribe to the channel. if you haven't already, share this with a couple of your friends and I will see you guys back here on Monday morning. The coupon code for the anniversary sale is Celebrate 40.

there you go, Clayton. All right, I'll see you guys in the classes. Study up this weekend. We'll be back at it first thing Monday morning.

All right, see you guys, Then bye everyone. I'll put up as a reminder again in my disclaimer, in case you didn't already know, trading is risky and most beginner traders lose money. So please please approach trading with caution and trade in a simulator before you put real money on the line. You.