Shh, don't tell my mom this, but i lost a lot of money day trading, so she's not getting a christmas present this year. So you guys probably know by the cover and the intro that you know sls man, this stock on thursday really really squeezed me out and at one point the loss was a lot higher than you saw. It was in five figures, don't tell my mom this but uh, but i ended up. You know flipped long and made some back um, even though at the end, it's a red day.

It's a decent red day um, but it's it's not a blow up or anything, but it definitely kind of affected my confidence and my moods through the rest of the day and that's the reality of day trading that a lot of people are not prepared for um. Just like the losses and the wins, they come hand in hand, and you have to be emotionally strong enough to sustain that. Well, eight thousand dollars loss is definitely not fun and uh. You know i was a little bit frustrated about that um, but it's one that i'm confident i can make back um fairly quickly, so um, but it was still pretty difficult.

Um at the time of trading. You just have to like close your eyes and cut the loss um and, like i said when i cut a box, it was, you know, a lot more than eight thousand dollars and i you know i made back some slowly um. I didn't emotional trade. No, the the risk was one that i was willing to take and i followed my stops well, these low floats just came out of nowhere and uh yeah.

It was still it's still kind of difficult um, even though today friday and i'm ending the day green, pretty green. But i think you know at this point after trading, for you know a while and you guys will feel the same too. I think the highs, you don't really feel any emotions about making money anymore, like i don't feel happy today about making back a lot of the losses um. But it's the it's a red days.

That kind of hit you a little bit harder because and not just about the p l on good days, but it's about the the confidence hit right. You know i. I definitely feel a lot more like trigger shy. Today, uh, i do use smaller size following a red day, so i'm following my rules on that, but i don't feel like that.

Rush of emotions and adrenaline on the wind and on the green days doesn't matter if i'm up a thousand five thousand doesn't matter. But it's the red days that kind of hit your confidence more. You know that's kind of the reality of day trading and it's definitely a emotions game. You have to be emotionally strong.

You have to have a very strong sense of discipline and do not go trade on tilt. So that's something you know you kind of have to learn. Um throughout know your years of trading career and it's one that i'm pretty happy about, even though i do still take losses, you know i do bounce back pretty quickly, so i'm gon na try to keep today's video short um just so i can take a break. It's been a long week as you guys may be able to tell sls.

You know this is a stock i got squeezed on yesterday today i did you know i i wasn't trying to revenge, trade or anything. I did size down um and on the short side you know i waited for the pops to 1450s close enough and i started scaling very small. I scale in slowly. You know, following my rule of sizing down, especially it's the same ticker that i traded yesterday.

Um. You know i was never emotionally trading this. You know i, you know very good entries on my part. 1420S.

You know covered some, i'm shorting on the bounces and once this breaks down i'm adding on the downside here, 13 um 1260s. We got some nice flush to 1160s and all the way down there around 1070s. I did try and go back and re-hit some very small size when we enter these trades overall green on the short side on sls yesterday, but this was a stock that i was down um. You know over five figures on the short side.

Yesterday now the next stock is snoa, it's also a short side trade. For me now this thing gapped up pretty much from six dollars all the way to 15. So that's over 100 move on the gap up um at the open and that's the reason i was more short biased, but you also want to be careful because the stock is easy to borrow at a lot of the brokers um. So you know when i'm shooting these easy to borrow stocks.

I want to be more careful. It's also a low float stock. I think it's about like two or three million shares float um, so i showed it on the way down and i'm very fast to cover um into the you know not fast. I guess you know this is short from 13 down to pretty much.

You know. 12. 30S and 11, 40s. 10.

50S. All the way down here i did go and re-hit some, but with very small size. So, at the end i did give some back some profit on the short side on snoa, but once pretty much once it reclaimed the opening around this price. That's why i got all of it did give back some profit, but i didn't want to get stuck in one of those short squeeze situations like sls yesterday um.

So that's why i was a lot more cautious on snoa today, um and maybe a little bit too cautious uh, but i'm following my rules of sizing down and uh. You know aiming for base hits after a red day. So i'm happy about this trade um. Even though the profit is smaller than it should have been so still a lot of short trades today, vtvt another one.

This is a smaller one, just a scalp um, nothing big! Only a couple thousand shares um, the last on the day would be mrna another small one. You can see pretty much break even over here um, but you know one of the best and the most stress-free trades on the long side today is disney. Now i have said this before and i'll say this again for those who are new or you're trading, a smaller account. I would definitely avoid the small capital float stocks um, because those stocks, even though they look very exciting and everyone wants to play them because they're a little lower price because it feels like you can take.

You know 1000 shares 500 shares and grow your account quickly. Those things are very unforgiving when you are wrong um and that's why i still think you know large cap um trades, they are more stress-free and they tend to give you better risk reward um. So, like disney, you know stock had positive news breaking out to new all-time highs. Well, i didn't catch the ball tomorrow.

165's. Even though i bought the breakout technically right about the breakouts about around 170s, the breakouts on large caps, they tend to hold a lot better and that's why i uh you know longer here you know small size for for now, um, because you know i am buying The breakout um and on the pullback i added some more here - 170 ones, um. Even after this dip. You know back to the the previous entry around 170s.

No, it was fine, because it's holding trend large cap stocks. They tend to hold trend a lot better um. You know - and you know i think it's from yesterday's losses - that a little bit uh more timid. So i did sell a lot more quickly, 172s, 173s, but that's with an average of 170 dollars and 60 cents.

So that's very good profit. You know, even if you only have the account size to take 50 shares, that's still very decent for account building. So you know that's why you know the video i made before i'm building your account with larger cap or mid cap socks um. I still believe in that you know the breakouts.

They tend to hold um, it's still just overall, less stress, less stressful than the low flow stocks, so nice loan on disney. I had another. You know small trade on twitter, this one. No, i did get back um.

I got in around 50 down here: 50. 60S added some. You know, after the profit taken sold into this, and i did try to go back here and that just didn't work, so it turned out to be a smaller winner on twitter and you can see over here. I am ending the day green.

You know, even though i did size down today, i'm taking base hits. You know this. This is just how i personally recover from red days. I kind of you know, break my confidence i size down.

I take the base hit and i'm just executing my setups and my plan and uh. You know i don't aim to recover my losses, but sometimes you know i do because you know i i am you know following my rules following my routine: i'm not trading emotions and actually slides down today. So you know i'm happy about this. You know that's something.

I think that's very important to know as a day trader it's more about following your rules following your routine, even though you may have one red day, two red day uh, but it's important to you know, keep on practicing the same discipline. That's what's gon na keep your p l trajectory to the upside, so yeah, it's been a very stressful week. I mean just look at all the breakouts. No i'm not talking about the breakout on sls or snoa.

I'm talking about the breakout on my face over here. This this is out of control like seriously, but don't tell my mom this, but because of all these losses, she's not getting a christmas present birthday present or chinese new year present this year. Now, let's do some quick q. A here ref hit is asking what percentage of your trades are done, based on trade idea scanner, or do you still use finvis for scanning? So at this point i would say 90 of my.

The stocks on my watch list are found from trade idea. Scanner um, a lot of large cap stocks like disney, would be from briefing and benzinga, and i have a video talking about those tools i use now. As for the finvis, that's the free scanner and i encourage all new traders to use, especially if you're trading, a small account um. You don't want to spend that much money on you, know trade ideas or benzinga right away, right um, so those will be.

That would still be great and that's what i used in my earlier years in the first one or two years next question: let's do a fun one! This time, nathalie is asking you mentioned in one of your videos that you went to college. I was wondering what major did you study? So that's a that's a good question. I have a funny answer for you because i actually went to college for film and vfx in california. So that's my area of expertise and it's funny because you know those things nowadays.

You do not need to go to college for and stack up like six figures in student loans uh. So you know if you are thinking of doing the same, you know film and vfx don't go to college for it. You know you can do a lot of these online programs and online courses. You know that's, you can take them for maybe four thousand dollars, and that would be the exact same education.

You would get from a college which i took for over six figures. So that's one thing out there for you: if you're thinking of going to that field, and so needless to say, i don't really do my original line of profession anymore. Sometimes i still help out my friends um with like indie projects, indeed films and indie games, but i don't do a lot of that anymore and when i help them out, it's purely for fun. I'm working for like 20 bucks an hour.

So hopefully you guys enjoyed this. I just wanted to shed some light on the reality of day trading. You know you do take losses as a day trader. I take losses, it happens.

You see me take red days before and it's normal what's more important. Is that you have the discipline and the setup and the confidence to come back and not revenge trades and do not? You know, have one or two days of red days lead to a string of losses. I think that's the more important part and that's what's going to separate a profitable trader from one that kind of trades on emotions and have roller coaster pnls and before we go just a reminder that you can sign up for free to attend my free conference. Well, it's not mine! Okay, it's not my conference.

It's rainer teo's conference. It's called traders fest, but i am hosting a free talk um next week sometime. I just remember it's like 5 a.m on saturday morning, so you can sign up i'll leave the link below for you to sign up for free. You can attend, live um and i hope you guys enjoy it and please drop a like at the bottom of the video and i'll see you guys next 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. See you guys next time.