You can see on wednesday the last time i made the recap video. I had a red day. I lost 2. 700.

That's you know, that's pretty a pretty manageable size for me, uh about my green days. They are usually a lot bigger than that. Oh man, the market is hot uh, there's so much place and the bitcoins, the electric vehicles uh small caps, large caps, lots of momentum and volume um. So, let's get into it.

So yesterday was thursday. I traded um nct. So if you guys remember, this is a chinese stock that started running um. You know the beginning of the week and yesterday was the fourth day.

That's gapping up located on this was very expensive, and this was a tricky stock to trade, because early on in the morning there were plenty of locates. They were cheap in their morning and just as they squeezed out every single person, every single shorts out near the top here, the all of a sudden, the location rang out and a lot of the brokers, restricted short on the stock um. Unless you have already located a lot of shares, you can see um. I was short um on the stock uh around 23 50 range in the morning on this morning, push um.

I covered half of it down here on 2050s, but i wanted to see whether it's going to retest the heights again or break down lower. You can see. You know we reclaim really quick and squeeze up and i cut the rest of the the shorts so turned out to be a loss on the first trade and that's okay. On the way up, i covered um, i covered everything, took a loss on the short first and right here is where i started scaling in on the short side, around 27 um.

There were just no basic scalps for not until i see whether the stock is gon na, you know keep on holding or breaking down. So i also out of that short um by around this area, right here, um 2350s on a short uh, and then the stock started holding around this 20 to 50s area. That's why i was actually interested um to trying a long trade which it didn't work. You can see we got a nice breakout to 25s and i rejected and we sold back down and that's where i got out of my long position um.

You know for a loss of course and started scaling short, so this trade turned out to be green on the short side but lost on the long side. But i i like takers like these because there's a lot of range. So, even if you lose money early on, i think it's totally fine. As long as the risk is followed risk management intact, and then you know because it has such a good range once it shows the actual direction and confirms once it breaks down this 22 dollars.

Mark this thing just faded down to 17., so i had a nice short scaling into the 23s and unfortunately, i didn't have much size on the short side once it breaks down, because even though the trade confirmed on these lower float stocks, i don't like shorting into Weakness because a lot of times they trap and consolidate and squeeze out higher, i mean you could say that, oh you should add it on these, like tiny, tiny, little bounces to 22s, but with these lower floats a lot of times, they can actually bounce a lot Further than what most traders, what most short sellers think again, 1.7 million shares floats. That's microfloat, so i didn't want to, you know, add on weakness when i'm short on the stock and uh, i mean it's all clear in hindsight that i should have, but hindsight is 20 20., so anyways uh, even though i only have a small position, i'm trying To let it work - and we got some very nice - covers um some small here i added some small uh. The biggest cover was around the 20 and 19 area, and that was all out actually by that point and when i come back near the end of the day, it did fade all the way down to no 16th um. At the end of the day, around three o'clock - 3 30 - i really shorted some small 18 and then i faded it to around 17 by the end of the close, so uh.

The trade is green on the short side and red on the long side. Uh, but just could have maximized it so much more, but it is what it is. So that's the first, that's the main trade yesterday. The other trade that was also focused on was c-bat.

So this stock is one that i have traded many times um. I was looking for the short side just because if you read the news, it's it's pretty much fluff um and on the day it gapped up to nine dollars right here, nine dollars range. I had a small short pre-market uh around nice, but i covered everything here: um just because uh you know it did look like it wants a spike out of the gate into the open and i had a small pre-market size. So i'm just gon na cover up every single um shares and wait for the open to confirm uh.

So at the open you know it just dropped like a rock. So i just added into the short um 870 started the shorts and added on the bounces and covered into the weakness around 790s and realism and covered into the seven lower sevens and the thing uh, just kind of you know trade, the sideways for the rest of The day, so those were the main trades from yesterday now today is friday and i am ending the week very green but uh. To be honest, i'm not really happy with the way i traded today, and this is kind of like reality of uh full-time day traders like when you make money you're, not happy, because you could have made more. You could execute it better.

So i think uh yeah. This is just the just the name of the business right, um cnet. This is one that i really really feel like. You know, yeah.

I i'm still agreeing on the name, i'm both a long side and a short side, but the execution could have been a lot better um. You know i was short early on and then i had a long around this area, thinking that we're gon na trap, but that didn't work. So i stopped out of the lung here and then i tried it again over here. Just didn't work, so i did get chopped up a lot on the long side until it started working around this area, and that's why i went back in on a long trade seeing the lower highs forming right.

This is a stock that has a history of trapping and we're kind of in a market condition. For that you know, the lower consolidations are a lot of times. They trap short for the major squeeze um. So that's what i was thinking on the on the loan side, but i didn't execute it well um.

I i took many stock too many starters and just had a lot of losers on a long trade in the initial first, two trades um. So i started i went back in long again, just unfortunately the third time i tried. The position is a lot smaller, so 350s. I started adding some into 370s and sold into the 390s, and the stock later broke out too for 420 430s.

So yeah could have done a lot better on the long side um but um. This was a round-trip trade, meaning that i i traded the short and a little long and i'm all out on the stock, so uh fdft. You know on this unhold um. I did cover for the loss and the stuff just dropped, i couldn't even add back in uh into into the drop and it actually holds it on the way down.

Um i did have some re-short on the on the bounces. Around nine thirties covered some into eight sixties winger bounds. Um, i tried to reshort it again covered some for a small loss. If you were watching how the stock was trading around this area, ten dollars, you can see once that ten dollar broke out for a quick.

Second, it just got slammed right back down, so that means that there's a lot of people trying to get out around the 10 10 20s area and i want to join them selling the stock. So i shorted it around 970s added into the winner here. Nine dollars covered some small and covered um, almost everything around 8 17.. So that was nice um and i did go back and we hit some small 850s and uh.

But the stock was a little bit choppy getting kind of choppy around the 10 10 30 and then to 12 o'clock area. So that's why i got out so on this stock. I was all short uh. It was a green trade, but uh you know, had to take some decent-sized losses early on but made it all back.

That's just the importance of risk management. Again, that's the most important part in trading. It's not about. Oh always making making sure every single trade is a winner like that's just not how trading works so neo.

Unfortunately, even though it is a green trade, it's a stock that i felt like you know. I really could have done a lot better um. It was really choppy or the young. I avoided that i did get chopped up early on on the long side, as you can see.

Uh end up with a small profit, just buying the dip something new, but it was just a lot of choppiness and even on this breakout above uh 58, i started loaning here and the stock. Just you know. I had a lot of um ultimate, not a lot of um, very clean, very strong breakouts, and it didn't do that. Until later on went to 59, you can see the it seems like the breakouts are being sold into just had a lot of trouble.

Um trending up and i did go back and reload some but um not really happy with my executions on neo. Could that could have been a lot better. I think uh and alongside even though i did end the day green and on this trade green it just. I think i think um yeah, i think i think today i need to.

I - was both a little bit too patient and not patient enough. If you know what i mean so mara is the third stock i traded today, uh, you know i had some decent gains on the long side, but unfortunately i got chopped out on the short side uh. I understand that this thing trades with bitcoin uh. It kind of just mirroring the bitcoin price action, but it did get a lot of chop um later on around the 10 30 to 11 30.

um. I i got chopped out on the short side. Mostly the the long side worked out pretty well um. I was buying the dips and settling into the ribs, but i'm not sure when i started scaling in shorts around this area.

Uh you can see. I definitely got chopped up so man. I was a little bit frustrated with mara. It is up no four days straight.

Um and so that's why i was trying to think that okay, we can get some of those uh major profit taking into the weekend um, but we'll see i mean the stock is breaking down again for like the fifth time, but each time it breaks down. You know there's a bid on the line that just kind of prop it up. Every time bitcoin tries to bounce so we'll see ammo out of the position um, but there might be a secondary trade later on in the afternoon closer to the end of the day. So today i also want to address this concern.

I've been seeing in my comment. Section people seem to be very concerned and very worried about my trading account, whether i'm taking these big losses and if i'm actually profitable or not so i mean you know, i show the losses, because the way, i think is you know it's normal to lose in Day trading, in fact, you can tell a lot about whether a person is a really experienced trader or not, and whether they trade full-time or not, by the way they talk about their own losses and the way they view others losses. So, even though people are concerned about these losses, two thousand dollars three thousand dollars: five thousand seven thousand dollar losses, i'm taking on my red days, my green days are usually far bigger than these red days and that's just kind of the reality of day trading. You can see on wednesday the last time i made the recap.

Video had a red day. I lost twenty seven hundred dollars. That's you know, that's pretty a pretty manageable size for me, uh about my green days. They are usually a lot bigger than that, and today too i mean today it's not a major green day, just because i don't think i traded well, but today, i'm ending the day pretty green, too um, so that just goes to show you it's okay to lose.

It's okay to take these red days as long as they are managed and controlled, and even in my recent um live trading. Recording video, where you know you can see me trading, you know executing the trade. So i lost you know five thousand dollars within the first five minutes. I don't know how many people actually watched, show the end and saw that i made that back and more and ended with a five figure day, and you know the thumbnail of that cover.

Is you know, watch how i lost five thousand dollars within the first 10 minutes um, but you know like instead of showing that oh look at how much i made at the end of the day, a 10 figure in a thumbnail. That's why i chose to show, because i think, that's a that's a more realistic reflection of day trading in day trading. You have to be able to accept that you are going to have bad days. You are going to lose money.

You are going to have some. No real money on the line and the risk is definitely there in order to make profits that that's the name of the game in this day trading business, if you're, not okay, with taking losses, and then this is not the kind of business for you like. This is not for you. This career is not for you if you're, not okay with losing.

You know two thousand dollars to make ten thousand like this is not for you, and i understand that if i start making videos such as oh look, how i made twelve thousand dollars on tuesday uh three thousand dollars on monday and uh, eight thousand, almost nine thousand Dollars yesterday, on thursday, the videos will probably get a lot more views, but i don't think that's a realistic depiction of day trading and that's just not my style. That's not the kind of videos i enjoy making. That's not the videos that i want to make and and then frankly, there's plenty of videos like that out there and that's totally fine. If that's what people want to see, but that's just not my style.

Right again, i go over this topic in a lot more detail in my video called how much money do day traders make if you're interested in checking that out and also for the newer traders, you're gon na learn so much more from somebody going over the trades. Like this, like what i'm doing right now explaining the entries, the executions, how they cut their losses, how they manage their risk and add into winners, cutting their losers, you're gon na learn so much more like this than to see a p l slapped in your face. Again, that's my opinion and i'm gon na stick to it so anyways for the people who are genuinely concerned about my trading account my p l and whether i'm making money or not uh. Thank you for the concern, but i'm doing very, very okay.

As for the other people who are not so positive, like this guy kkp, don't worry. You'll have bigger red days coming soon and absolutely agree with you, because that 2300 loss - it's very small for me, and i'm really confident that, yes, i will have bigger red days, but guess what my green days are gon na be much bigger than my red days And also, i think, the way people write in their comments, whether it's really positive, really negative. Regarding other people's losses, it's a very real reflection of their own trading journey like if you think about that. No happy profitable traders who are doing well, who are learning well, is ever so angry in the comments trying to put other people down.

So if these two people are watching this, like i'm, not trying to put you on the spot, but i'm sorry for your losses. But i would really encourage you to kind of spend more time reviewing your trades. You know if you're watching my videos, i hope you learn something from my executions and spend that time to really go and review your trade see what your mistakes are and work on. Your own setups and work on your own trading and also just be more positive.

Your p l curve will likely follow suit as well. You can tell a lot about a trader's experience and how they are doing in their trading by the way they talk about their own losses or other people's losses. So yeah, sorry, for about that with long-winded conversation about profits losses, you know risk management, but it's just something i strongly believe in and i think you know learning how to manage my own. You know risk management and taking losses, cutting losses.

It's something that you know. I wish i was taught early on. I wish i knew that in my first year of trading i just remember trying to averaging down into losers. You know doing whatever it takes to try to make a red position, go green and a lot of times.

That's how you build these terrible habits of not following your stops, adding to a loser and using much bigger sizes only losing in a stock. That's trending down in trading, it's more important understanding how to lose and how to accept these losses than it is to make money, because it doesn't matter how much money you make on your green days. If you cannot keep them anyways, i hope you guys enjoyed and learned something from this video. I would appreciate it if you drop a like at the bottom of the video and feel free to leave any questions in the comment section as well.

Thank you guys for watching stay, positive and i'll. See you guys next time, hey guys thanks for watching. I hope you enjoy 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.

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