Hello, everyone doing a red day recap today. This is going to be my second red day in june um. It's been a great run, but today, just not my day, there were a lot of false breakouts and amc was dumping and just not a lot of follow through on the song of the stocks. I traded so definitely a little bit frustrated with the loss today.

But it's relatively small, according to my account size, remember everyone trades different account sizes, different risk tolerance, and for me this is a small pullback. So the first one i traded is wish. This one is a green trade um this one. If you look at the way they traded nice gap up to no previous highs, um today pre-market around 12.

I waited for the dips at the open. You can see it dipped down towards that 1170s area and that's why i got long um. I even added on the way up too, i longed the hair starter. We added once that bottom confirms and we're getting bought up um a lot of buying voting coming in of 1170s 1180s um.

That's where we got nice push to pre-market highs, and that's why i first took my first profit. 11. 12. Sorry.

12. 20S. So these are nice ramp, um off the open, and i was looking at whether we're gon na do a continuation, breakout kind of like what we're doing over here right now, but unfortunately at the open that thing just rejected. So, quick after that breakout and uh, i got stopped out at the bottom break, even pretty much and uh you can see after i got stopped out 1170s.

This thing sold off down a little bit more to 1150s and they did a reclaimed v-wap around 10 o'clock and higher low setting, and now it's ripping now uh without me. Of course, this is still a green trade, but still a little bit frustrating after seeing that you know, i thought this was going to be a breakout, fakeout and would just sell off down to lows and then break down previous day close and sell off. So that was a very real possibility, uh and but you can see the same reclaimed and then push back up higher and buy more out of the stock. I think my i might go back and revisit this tomorrow.

Maybe we might test that fifteen dollars breakout level on the daily 15 tomorrow, uh we'll see um, but i think it is very interesting that this um wish is no longer following amc. If you look at the amc chart today, um it sold out from 62 down to like 50 53 54, but wish it was actually trading inverse of amc um. You know sold off a little bit yes, but they did reclaim and had a very strong breakout and now to um highs near almost fourteen dollars um. So i think that's just a very interesting that they're not trading together anymore uh, so we'll see what happens so that was my first trade uh on the day.

It's green, but it's a little bit frustrating still now. The second stock i traded is amd on the long side. This one was frustrating because when i was trying to stop out of my initial long, just to stop out get out accidentally clicked buy so instead of selling a couple thousand shares, i bought a couple thousand more so uh. So very frustrating and that's definitely um a mistake that you know i should not have made um.

So that's you know something that contributed to the to the loss of the day. Um accidental entries amc sold off today after two very strong days. I was looking around if you look at the five-minute charts um the 53's area. 52.

60's. 53's. If you look at it, that's prior day's breakout level over here. So that's why i was trying to long here looking for a bounce back up to uh.

83. 83. 30S uh, potentially even higher uh. But if you look at uh my entries, the first two entries over here 80 to 60s 82 70s qqq's at that time, was a little bit choppy uh, but eventually with the breakout.

But i was trying to stop out um near here. I was trying to stop out at the green arrow here trying to stop all of my long entry, but instead i bought a couple thousand more. So that's not fine. If you look at this red arrow down here, that's me stopping out and just throwing money away just like that, throwing a couple thousand dollars away just like that uh it was not fun.

You know. I have this rule that a lot of people when they see these this, what they would say that, oh, why don't you just hold on longer? This would have worked out and you can see yeah. It did bounce back to like 83. I would have made a profit, but i think in the long run, if you accidentally enter orders, it's always best and best practice to just get out of your position or at least start managing it.

Maybe you don't have to get out all of it right away. Like i did, but that's just me for me to you, know, exercise my discipline and for me to stay green in the long run um. If i accidentally doubled my position. I always just stop out.

You know, i'm very okay accidentally losing you know. I guess there's like five seven cents more um on doubling the size from accidental orders than to just keep on holding it, hoping hoping that it will go back up, because what? If it, you know it tanks lower down to 82 dollars, so that i would have lost even more. It's always easy. Looking at things like this thinking that oh, i would have made money if i had just held, but in day trading, most of the time in the long run, that's not how it's going to work a lot of times, accidental orders.

From my past experience, i end up losing even more so for me, i don't regret stopping out um at 82.40 from my accidental orders. My only regret - and my only frustration is that this this um accidental, buy order to start with 82.47 um. So that's my take on that um. I did re-enter again.

You know once this thing broke out above the previous highs: 82 dollars, 80 cents sold into the push re-added and sold more into the 83 30s and stopped out the remaining shares. So the secondary trade here was green, but um. The the first loss on the first long was a little bit bigger than that. So overall, on amd is still a loss on the day and you can see after i sold and stopped out this thing just tanked.

All the way back to where we came from at cents 82.40, you know just just got ta follow your stops. Now the next one is trch on the long side uh i was going along and i followed my plans to stop out once the nine dollars broke down. Um you can see how at the morning has a very nice breakout after the pullback um to that nine dollars level, and we have the you know: nice breakout, move to um 1060s 1090s, almost 11, and this thing just sold off from 11 down to where it Came from nine dollars um i was waiting for a decent consolidation, pullback higher lows to go long for that bounce, potentially back over to the v up nine eighties and then ten dollars um. That's why i started scaling in long night elevens.

I even added some more night twenties um night eighteens, but i was just gon na risk. The breakdown of prior levels over here uh. Once this thing was just so weak um. You know couldn't really bounce that much.

I had like a small bounce to 930s but um. You know this thing just pulled um. It broke down that nine dollars and that's why i got stopped out um stopped out and you can see this thing later, had a temporary small bounce and back to new lows at dollars and ten cents and uh. Now we're testing that again, you know this.

One is it's a loss, but i'm okay with this one. You know i didn't accidentally double my size and uh. You know just just no follow-through today noticing my my squeeze again but we'll see what happens, but i'm all out on this trade. So, as you can see, definitely a little bit of a tricky day, i am ending the day red um, i'm read about 5 500.

This is going to be my second red day on the month. Um you know, but in the bigger picture wise. This is a great gym so far. This loss for me is a very small percentage of my account and it's something that i'm confident i can recover fairly quickly again.

We all have different risk tolerance and different account size, but today is still kind of frustrating. For me, so i hope we'll get more follow through for the rest of the week. Thank you guys for watching, hopefully you're staying safe with a lot of these choppy action and false breakouts. Hopefully we get more continuation.

The rest of the week, hey guys thanks for watching. I hope you enjoyed the video and the bad jokes if you want to see more day trading content, make sure to subscribe and follow me on twitter and instagram for more. If you'd like to trade with me daily and get my free weekend, watch list and trading journal make sure to check out the links below for more resources. Stay, green, stay, positive and i'll.

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