It's okay: to give up too, like i've, given up on day trading twice. There will be days in the market where there's a lot going on lots of volatility and there's money to be made left and right, and there will also be days where you like struggle to even make a hundred dollars. So today was definitely one of those days. Um yesterday was a little bit slow too, and both today and yesterday - i'm just sitting here and watching paints dry.

So it's very important to stay disciplined and wait for your trades when there are days like these. So let's go over some trades. I took yesterday so ba is the really the only stock i was focused on yesterday because of this daily breakouts right. You can see yesterday.

Ba was really strong. We, you know, sold off at the open to 228 reclaimed quickly and went above 230 strong volume, and then you can see. I started long on the dips sold into it, but i was looking at ba seeing that, okay, if we can reclaim and hold above this 233, some breakouts above it the daily resistance level, then we have a lot of upside to go um and that's why i Started loading on the dips here so some into the squeeze, but i'm i'm adding up here, i'm not afraid to add higher um, because these are large cap stocks where i'm not scared to buy the breakouts. But if it's like the small cap penny stocks, i would never buy breakouts at least not with like big size um.

So you know i'm adding here higher and we got a very nice push to 233s um 240s. The stock actually went almost to 242, but i was so out. I'm actually really happy with this trade, even though i did buy higher here uh. But this consolidation around this level was extremely bullish to me and that's why i stayed with it and i didn't cut it um, so we got some very nice profit on ba yesterday.

So after ba yesterday, i also traded marna mojona, but i was not sizing as much to me. It was just a scalp um. You guys remember. I lost money on it the day prior on this day over here uh, but uh.

Yesterday was the day where it started running you can see, you know off the open running all the way to 153's. I didn't really watch it. I only saw it on the side um. It didn't go as high as i thought it would for me to go in short, but once i saw that volume started coming in and i was selling uh we're reversing sharply.

That's where i joined the momentum for just a scalp short, nothing big. Just couple hundred shares shorted around 150 70s um covered some small, we added here once we were breaking down v-wap um, i also out most of it around here and out of it back around 149.. So to me this is just a scalp trade um. I usually have a main stock, i'm focused on and scalp the rest on the side and then it just kind of you know climbed up and rang up um into the clothes.

So let's talk about the trades today today, i struggled to even make 100 200. So it was that kind of day for me um. Let's talk about the losses first docu, so docusign man, it was, i thought it was gon na, be a very big day uh, because you know, if you saw my um bowen trade earlier, i thought was setting up for the same kind of trade um and that's Why i loaned small here, b, wap um, pretty much you know, got the the dip level around 250's. I even added um onto 255's uh 54's thinking that okay, we're gon na break out on the daily and go up higher and we did for maybe just a dollar to 255's, and i thought we were gon na continue to the upside um.

They beat some earnings and the stock was gapping up, so it was really bullish to me uh and then that just didn't work you can see pretty much. You know we got rug pulled i stopped out. Um took a loss on this. I tried to go back in small, smaller size this time around thinking that okay, maybe we're gon na - do another reclaim and go up higher, didn't work, so i stopped out another small size.

So this one definitely you know i i didn't expect it to pull this quickly, so not fun. On this trade um and i tried to go in long here, um didn't work. You can see stopped out pretty much and tried it again didn't work. So docusign is a loser for me today and then the the other stock that i also traded was ciic this one.

You know i was kind of watching it for a short um, as it goes parabolic with one volume. This stock is more difficult to trade, though, like the spreads were really thin um. So the spreads were like 20 excuse me, 20, 30 cents. So that's why it's a little bit more difficult.

I started scalding and small and added on this wick around um 29 70's and we got a nice flush downside towards 28.70. So just a quick, scalp uh for maybe a dollar share. A cup of salmon cover some more um. So today, just a bunch of like, like small, wins and then the docusign loss, so you can see mrna.

I only had a tiny scalp, nothing big um, scalped up shorts on 150 ones, down to 150s tried along here just didn't work so ending the day. Just green just couple hundred dollars nothing big um. Yesterday we also had a very nice green day, but it's definitely a slower end to the week and hopefully things pick up next week, so in the in the past in my earlier trading years, these are the days where i used to lose a lot of money Because i'll keep on going into different trades with the same size as normal and then i'll keep on losing and get chopped up by. You know a thousand two thousand paper cuts.

So you know i kind of learned my lesson throughout the year and these are days where it's okay to size way down and only use 500 shares. Okay, so it's time for some questions. So when then hoof is asking love watching your videos. Thank you.

He has a question: do i use certain reward to risk ratio, or do you make a decision based on price action, i'm struggling to find the right balance between letting my profits run and not being too greedy? Maybe maybe you can give us some advice on the topic. That's a very good question. So this is kind of how i approach this before i enter the trade. There's always price targets, the the stock.

The setup has to be able to give me um. No, if i'm risking one, i want to be able to make three. So that's decided before i enter the trade now so after i determine the setup, determine the risk reward ratio that he's talking about, but once i'm in the position, i'll look at the price action and see okay, if we're gon na indeed get that price target ahead. You know maybe it's a daily resistance if we're gon na, indeed gon na break out, and if it does then i'll.

Look at how strong of that breakout is because a lot of times large cap stocks, especially if it does break out and continues you can often get a lot more than just just your predetermined price target. So that's when that would be the time where i'll either you know, sell just a little bit and let the rest work out and write out and potentially get more than three four or five or if it's just the breakout, was really weak and rejected that resistance. Really quickly and which just seems that we're gon na break down, then i'll actually get out of the stock so and that may not give me the the the predetermined price target i was looking for. So, basically, once i'm in the stock in the position, i will use price price action to determine whether i can actually get the price target.

Whether to you know, like you said, let your profits run or you know, take just the you know: 20 30 cents and be done if it's too weak. So that's kind of how i trade now. Second question: uh pro diver hi. How much stocks do you choose to watch and trade during the day, not to lose concentration? So that's the reason i have so many monitors.

I really only trade on one monitor, but i use the rest to kind of just look at all the stocks together, um. So i probably watch um 10 15 charts all at once. You can see up here here here. I watch all of them at once - um so 10 to 15, but i'm only actively trading two at a time.

So that's kind of how i do it um. You know this this way i can concentrate on the charts and the stocks, the positions i'm actually in and if i just look up i'll, see all the other charts still up here so um and that's the real reason people have so many monitors. So you can observe and watch everything together and you don't lose concentration on the positions you're in so so. The third one is not really a question, but i just thought it's kind of funny.

Mick's son is saying: has anyone bothered to ask her for her year-to-date performance if she mentioned it before, please, let me know bunch of bs. If day trading worked, there will be no poor people that that statesman is that i found that statement really funny. If day trading really worked, there will be no poor people that doesn't make sense. That statesman says that if it works, it has to work for everyone and nobody will be poor and that's just not the case.

Isn't there this. You know somebody out there saying that. Oh 90 of all day traders fail. You know, if that's the case, then you know, then day trading would work for 10 of the people right.

So in that statement saying that if day trading works for anyone, then there will be no poor. People just makes no sense. First of all - and you know sometimes when i see these comments, you know i i just kind of thought feel bad for the person, because, if you think about it, nobody who has profited from day trading or succeeding in day trading is ever that angry. So i kind of feel bad.

It sounds like they. Usually these people who say things like these are the ones who lost a lot of money day trading, and you know i would recommend you know this person make sun like if you're watching this video, that you trade, a video um. I would recommend you to it's. Okay, to fail at day trading, it's okay to give up too, like i've, given up on day trading, twice um.

During my earlier years i gave up twice: i walked away once i took a four month break the second time i took a two weeks break, but i always ended up coming back. But for you you know it sounds like you shouldn't come back um, it's okay! To give up on trading, but also at the same time, then i would just stop watching day trading videos. You don't want to waste your time. I would use that time and energy.

You have to work on something else to better your life, and you know, like day trading is not going to be for everyone. I understand that, which is why i often say, if you're not prepared to do the work and prepare to be losing money. The first six months to a year, then day trading is not for you um. So that's my suggestion and i'll kind of you know try to spend your time doing something else.

Maybe go back to school. Maybe you know go find another skill. Um maybe go find another job, something like that um, but just because you failed doesn't mean nobody else could do it and just to touch on this topic of. Is it really possible to make money day trading? I made a video um called how much money do day traders make in i think, july or or august of this year and near the end of the video.

I remember kind of revealing my july statement. Um literally live on the screen. I've since then went in and cut that off, just because i don't really want that kind of personal information out there in public, but i'm sure my loyal followers saw that, especially if you usually watch my videos within the first week um. Somebody actually commented in that video and had a link to this other youtubers video.

I don't know this person, but thank you for watching my videos um, but he actually made a video filming himself reacting to the entirety of that video. I made how much money do they traders make. He also revealed and recorded that part where i was revealing my july statement. So if you guys are curious, if i really make money day trading, you can go check out that video in the description, i'll link to that creator's youtube channel, and you can also check out my website too, but, like i said in all my videos before day Trading is hard.

It's not easy. Money, um, you're gon na have to be okay, losing a lot of money up front in the first year or even the first two years before, seeing some progress and i've certainly blown up a lot of accounts in my first year. So you know we all have to go through this: it's okay to fail at day trading, but just don't be that person who decides to come back and continue watching youtube videos on day trading and hate on everyone else. Who is making money doing something he or she couldn't do but anyways? Hopefully we get more of a directional market next week uh and we see more volatility, because this kind of chop and consolidation, i'm just so bored watching the paints dry um.

But thank you guys for watching 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.