We were talking about how matt could be a mumble, rapper and now he's going to be a singer. Though, do you want to go over those bars? You just gave us before the camera turned out yeah it was. I took a trade and i stopped out well: yeah profits, profits, money, money, drugstore, oh, that was what it was. Okay, i heard some other words a little more explicit.

Well, no, now you just need a beat put some autotune on that boom. Boom million dollar plus song, it's my new career. So for those of you who are curious, you got they got a preview, they got a preview that was for free, because i appreciate everyone watching this still after our aussie episodes yeah. I know right.

No, so you guys earned that that's that that's uh, just a free little clip for you see i i, the people can find out. I have a song out on soundcloud, but it's not under my name, it'd, be really hard to find i'd, be impressed if someone found that uh don't challenge the internet. That is a horrible mistake. The internet is powerful.

No, it would be so hard to find it. I know where it is. I won't disclose because i'm curious, if someone's gon na find it have you heard it uh. I pretty sure i have back in the college days.

No, i made this this summer during covenant. I got real. I got really bored with coven. I've heard um the old ones, but i won't disclose you my youtube videos.

Those were rap songs. I've heard arrests. Oh i have showed you i forgot about that was like. Oh, my god.

I made that yeah. If you invite any of these accounts. Yeah. That's impressive, impressive work, yeah um all right, so unfortunately, today i got a little smoked.

Matt was disciplined yeah. So for me, like it's going to be a pretty lame recap for me, but i want to hammer this lesson home because uh i was talking to someone today and they mentioned a mark. Crook quote that was like mark goes after opportunities when they're there and then just chills when there's nothing and like that's literally what i did today. I looked at the top percent gainer.

My watch list plan i outlined for this week and i was like i don't trust any of these plays none of them look good, they're, not good, daily charts. It is hard out there, so i was like i'm not trading and i literally just walked away like i didn't did i i was you know, involved in small cab rockets and like was like trying to find a play, but there was not a single play that Met my criteria and then i just gave up yeah and that happens and bryce had a different experience. Today i did have a different experience today. Um i shorted ceili.

Oh that's, gon na get that i got. I hope people who are like ceo to 90 aren't watching this, but i he shorted this they'll get us some views, though it could. It could yeah um. You got ta feel the hate to like go viral.

That's yeah! That's true! I just i purposely. I put a tweet out this morning. I think it was i'm like i'm purple, i'm literally gon na short, like 50 000 shares just to piss people off and it worked. It worked man i had like a comment thread.

There was someone had like 20 comments in there trying to argue why cei was like a really undervalued company. I was like crazy because if you've been in the game for more than 12 months, you know ci does this every year? Yes, now you don't never had this kind of volume. It's not this kind of support behind it like this is different, because just because there's more traders than ever before, yeah all that, like i mean yeah, you compare volume today to five years ago, you're gon na be like how did people trade five years ago. I know like because it's pretty wild there's just so many less traders yeah, but no, i shorted the first red day um.

If we look over on the chart here so basically here, let me pull this line up for you um. I shorted on this pop in here had like a three dollar average. Maybe like high 290s broke red, and so i actually would have been very safe. The issue was i added on the pop.

I actually had two orders set in before i drove in here. With stops and then once i saw it in the car, i was checking my phone was like that's not good, so i ended up getting like a 288 average and ended up covering on this pop, and i had a lot of shares. That's tough yeah and you know you could say: oh, you should risk high a day. What what did i like? I actually probably got out at the only other spot lower than that.

I just simply should not have been short um. The the here's, the problem. We talk about how first green days don't work as well anymore. First red days are also tough, because there's so many buyers right first, i commend any short seller out there.

If you survived the last 18 months, like good for you, it has been very, very difficult because, like the first red day was like guaranteed like 90, i think in 2017 2018 it was like 90 of the time. First. Fridays were just like quote: unquote easy money. Well, they would just get clobbered and there are still first red days that work, but they're, not the most liquid stocks.

They're not they'll, see i like should have, especially when i ran red, which, like leads me to believe this could definitely go higher. Look at that. It should have pulled crazy, yeah. No and that's this is gon na get close to.

Is it a billion shares yeah? Very close. It's like 900 uh. 750. 734 million.

Oh that's! 600! Yeah! I thought it was 802.. That's why it was close that yeah! That's it's insane. I really. I was what's that 2.2.5 billion in dollar volume in dollar volume on a shitty penny stock.

I know i know that is insanity um here. So here's my lesson from that. I'm actually that pattern has worked before it is technically a profitable pattern. Two issues there, one it's a big twitter pump, too much volume behind it.

Um probably read it too. If we're gon na be honest, i just didn't i'm sure yeah, i'm sure it's on wall street bets um next problem is, i shouldn't have had as much size as i did. I'm no is this my top pattern. No also a hot first red day doesn't come around like this.

I thought it was um. I just had too many shares. I had. I remember the exact share count between 20 and 30 000 um you're wild yeah yeah.

I am wild, so i actually, i only lost it's a tough day to put your big boy pants back on yeah. It is, i know i had i i lost about 5 000 on that trade i lost, so i'm down. 8. 000.

Today i was down 3 000 before mainly on. I think it was dbgi, failed, dip and rip. I lost a thousand on that um yeah just fake out and then emeryn was the other one. As for the uh put view up on that chart, i'm just curious because yeah for sure i bet you it's at 450 midday, oh yeah like right, where it just broke above and failed yeah, and then i tried i gave amaran a shot and right in this Area right here, consolidating your highs emerald was the only one i almost almost traded yeah.

I was very, very close and then i looked at it crushed without yeah that the shortest shorts are winning this one yeah. Yesterday's is what scared me on it. I didn't think it could. There was too much resistance.

I felt like yeah and that, realistically probably should today probably go down the gap down's. What crushed it like it just gapped sideways, it probably would have worked it had too much. It did. No, it i mean that was oh close.

There sorry yeah that wrong, yep yeah yeah. No, i would agree. We had too much to run before the resistance. Even so yeah no agreed yeah.

It is tough um well back to back to uh. What's your punishment, i well my punishments. Don't really have money in my account anymore. That's quite the punishment i've taken i am down.

I want to clarify that you just withdrew your money. I withdrew he didn't blow up. Oh, my god yeah you missed what you made it sound like yeah. No, no, i didn't blow up like i i i got you yeah.

No, your punishment is you have no money? No, i! Yes, i with so as i've we've talked about on previous episodes, as the market has been tougher. Basically, every time i've had a big loss, i've taken more money out of my account, i'm now down to basically i'm down to about 50 000, which is the lowest my account's, been in over a year now about a year um. So that's it's going to really limit the size. I can take forced me to take only the best setups um yeah.

No and it's it'll be good. I know it'll be good for me. It's just kind of like the slap on the wrist stop being an idiot, but yeah the drawdown continues. Fortunately i don't.

I still don't even think it's a quarter of last month's gains. Oh august, we're august okay, well august, is still still profitable. There's friday's october bro. I know yeah, no, i'm saying i'm still made more in august alone, yet yeah yeah we're getting we're getting towards the turn.

I thought i thought it was september 1st, but apparently i was too here. No, no well because you guys got to remember. We live in texas, so it's still pretty warm here um, i would say i'd say the turn is definitely october. 1St, though, is when pumpkin spice season really kicks into full gear.

39 31 nights of halloween too. Oh baby, now you're talking my language. I love holiday season, guys after, like once halloween once we're getting amped up for halloween um. I don't know, there's just something about it and the market normally gets hotter.

With the holidays. Coming around people are inside, more yadda, yadda yadda, you get it. What oh? What are we gon na be for halloween um right now, the winning uh recommendation was uh garth and um wayne yeah, oh okay. Okay, so for the show you mean yeah, okay, all right! We can do that but, like what are you gon na be for halloween outside of the show? I know i got ta coordinate that with my significant other gotcha, which isn't bryce.

Surprisingly, i know shockingly there are other people in my life. I was trying to think about being tim sykes. That would be funny that would be kind of funny. Wouldn't it if we got everyone to dress up like tim sykes.

Oh, that would be awesome. All right, that'd, be legendary. Yeah comment down below tag kyle and jack and every literally every psych student and be like funny that wouldn't be funny. We should do it, don't spoil the surprise too much.

So don't don't tag tim, don't take it off the students and, let's make it, and what we'll do is because i'm sure we'll be like out and about on halloween. I know i'm not going to be in town, but we get everyone to send pictures of us. Just as tim at our little halloween parties, wherever we're going that'd be, i think he would. I think if everyone did that he might actually laugh.

Oh it'd be legendary. We can all bring around like our laptops, because you know tim works from anywhere so we'll just we can go we'll work from halloween party. This is coming together. I know i've been thinking about it for about a week.

Oh man, all right guys, yeah i've actually got a webinar to go, give right now, so i'm about to go ahead and do that um yeah guys again, i know we're just every day is like a new lesson for me. As my drawdown continues and matt did a really good job at not trading today, but you know for me: it's just gon na be like honestly, you got ta from size down, as has always been the lesson and should not have i oversized today. That's no! No questions asked there, but the next one is like really it sucks, i'm not used to it. I haven't been used to it in a long time.

It really limit the trade selections and that's what matt did today. He didn't see a thing he liked and we used to be in a market where you could just buy random and it might go up that doesn't not random but like yeah, i'm trying to embrace the role and wolf mindset and roland used to blow my mind. Like his discipline, he would place like three trades a month yeah and i was like how how do you do that, but, like that's like, i think, that's the direction, maybe not three months. That's gon na be impressive.

Like three a week, i think i might be able to do but uh it's definitely very difficult out there. You got ta, be very selective and i'm gon na end on that note, because that's really that's really, the key is just being super super selective, um and just figure out. What's working, what's not working and then just reiterate like a lot less is working, then you know what you know. One thing that needs to be added here and this is something i've really struggled with.

I'm gon na draw down if you're, in a drawdown, if you're losing money, it's really hard not to focus on making it back like you're gon na want to maybe not make it back this day, or you know this week, but like over the next month. For me, i'm trying my best to just forget completely about the money, because if i size down, it's going to be about getting the consistency back, not making the money back, that's where i'm at right now and when the trades start to come around again, you have To realize, once the market heats back up for your setups, your strategy, like that drawdown, will probably be blown out of the water if you're keeping risk management in check during it. So yeah, that's what i'm working on uh guys andrew tell the people what they have to do: hey guys, uh, just like subscribe comment below um and uh yeah perfect. Yes, you give the people what they want, give the people what they want.

Thanks for watching everybody! Yes, we'll see uh what they say: tuesday, oh yeah, we'll see we got more days here, we'll see you tomorrow, nice day, update woo. Thank god. I hope you all enjoyed that video thanks for watching the whole thing and being part of the stocks trade community. We wouldn't be here without all of you, so if you have not already make sure you hit that like button and subscribe to this channel, our goal at stockstraight is to reach 100 000 youtube subscribers by the end of the year.

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