All right everyone. So I'm going to go over uh, my trades for today red on 3 out of four stocks I traded writing is on the wall I'm shutting it down here before I go further. red I'm actually Green in my main account, 750 on Licn but then I went red on it in my retirement account. so I'm down 2500 on the day between the two Max loss on the day is 5 000.

I hit the max loss yesterday. Today is the second red day in a row, but the loss is 2500. I'm walking away right now because I see the writing on the wall that if I keep trading, I'm just going to lose more and I'd rather not dig the hole any deeper than I need to. So this the day began with Licn which was my first trade I bought it at six dollars um and we got a nice move on at 7 15.

I realized pretty quickly I was in my wrong account. well I prefer to trade my retirement account it's tax free and and so I was like oh man, all right so I feel that that sometimes for me is a bit of a trigger. um, last week when I did this to set the max position size on that account at like a thousand shares so I wouldn't be able to take any trades. but today I press the buy button and I got filled 3 000 shares.

so I don't know I emailed them again they said oh okay, we just made another change try now and I tried and it seems like the account is now uh restricted so hopefully it won't happen again. But the problem is when this happens, you know I'm in at six it goes 6 20 up to 6 84. I end up feeling fomo because I missed the good trade in the correct account. so we ended up getting this nice move here up to a high of 684 I then added um in my retirement account as it was squeezing up I thought we were going to get a squeeze right through seven so I added right here I then add on the pullback.

it comes back up to 620. and then it flushes back down and double bottoms at the low. so I stop out of my uh loss and then I get back in and we get to move back here to 713. but I went back in with smaller size.

so then that was um in this account. so I went red like 3600 and then recouped a thousand of it coming back up. but I was still down 2700 on licn and as we came further closer to the open, it just faded and there was no chance to get any more trades on that. And then basically the problem today was, you know I traded early.

this is only like 7 30 but there was nothing else that I was able to recoup losses on because nothing else came along today that was clean and unfortunate. that's not common usually if I go red at 7am, there's a lot of time for me to recoup those losses and finish the day green. And you could say Ross it's only 9 47 but I know my sweet spot it's from. you know basically when I start trading until about 10 a.m and so I'm at the end of that window and based on the price action that we're seeing today, today isn't the day where at the end of that window I'm gonna have a big win.

Today's the type of day where at 9, 45 or 10 a.m I'm gonna end up taking a big loss I can see it I I know that that's what's gonna happen. Um, so the Gap stand today isn't that great for the way I Trade Okay, St is the leading rapper. it's the only stock I'm green on. but as you know I don't like trading these cheaper stocks and one of the reasons is because of the commissions I pay an ecn fee to direct route my orders and it's .003 so that means for 10 000 shares I spend 30 bucks.

Took one trade on it I bought 30 000 shares which cost me ninety dollars to buy and ninety dollars to sell. My commissions are almost two hundred dollars on one trade and I made 573 bucks. So the problem for me on this one is that I did see it right here at 50 cents and I was like this is interesting but I haven't traded a stock this cheap in a long time. I don't think and I was already of course read right on.

LIC and I was like I think I need to be patient and wait for a stock that better fits within my strategy and not try to trade a penny stock. Uh, well. nothing else ended up coming along. I got S-i-n-t which had breaking news that I think it was 8, 30 or 9 A.M squeezes up here to a high of 330 and rejects I lost 600 bucks on that g Sun This one news: it squeezes up pre-market to a high of like three and pulls back right in here I lost 360 on that and then coming into the open I took one trade at the open on Amst in at a 75.

probably. Whatever it was, you know there's there's nothing really exciting there. Um, and unfortunately, like I said, it's just. we're getting to the point in the day where the leading gapper isn't doing well.

Yeah, it's up 130, but it's pulling back bwv second leader no good rcrt no good FSU f-u-s-n floats too high G7 floats 2i impx not doing anything so our top 10 gappers are no good. Basically for my strategy, it's a bummer that licn chopped me out this morning I was also read on it yesterday. so I've now lost on the stock two days in a row. Yesterday I was trading it down at like four bucks.

it ended up hitting a high of seven. Uh, and despite making that big move, I still managed to lose money on it. Uh, although it's not that bad I guess I'm down two thousand dollars or so on the stock so you know, Whatever. Like I said, one of the things I said today or yesterday was that: um, I've only had two red days so far this month.

so so far this year. so this is my third red day. Uh, however, my previous two red days were Max lost days and I was kind of observing that I'm not having a lot of red days, but when I go red, it's Max loss and so today, you know I kind of had that chance sort of early on to say you know what. Um, I'm going red and I have a chance to stop here today before this becomes a Max loss day and maybe that's what I should do.

So I'm throwing in the towel here at uh, you know, 2500 net. uh, red day. Maybe maybe if I kept trading I could recoup the losses. maybe I could finish green and then you would see.

Oh, he's only had two two red days this year, but maybe I push it and I lose another 1500 bucks or 2500 bucks and I'm back to Max loss and you'll see that I only have three red days this year, but each of them are Max loss. So today is going to be my first red day of the year that is not a Max loss day which you know it's good to have the discipline to walk away when you hit your max loss, but it's also not great when you're red 2500 or 3500 and your max loss is five grand that you refuse to stop trading until you either go green or hit Max loss. There's a lot of in between and it's okay to have small red days. So today is a relatively small red day.

I know without a doubt that you know I could have a day. you know at some point maybe it'll be this week next week where the momentum is hot I have a couple of solid trades and just like that: I'm up 1800, 2800, 3, 800, 4800, five, six, seven thousand and you know those are the days where I want to size up I want to be aggressive I want to try to, you know, capture as squeeze as much juice out as I can on those hot days. And on a day like today, it's not worth trading. at that level of aggression it is I'm not gonna get it's I'm not gonna get anything for it, but I will turn commissions I'll expose myself to unnecessary risk and I could create a fairly large loss for myself which I would then have to spend days or weeks trying to recoup right if I got stubborn on one of these and I just kept holding and adding and adding.

Well, you know. next thing you know, I could be down six seven, eight thousand I could have a bigger red day, so I'd like to avoid that I'm going to throw in the towel here. I'm a little disappointed to be read on three out of four stocks. That's not fun to have poor accuracy like that, but you know I Unfortunately, two of the losses are small and totally negligible.

The Licn trade. Um, you know it got me yesterday too. and I I thought Okay, yeah, it was choppy yesterday, but look, today it's actually opening up. It's pulling away.

well, you know it went from six to six eighty four and then all the way back down here to a low of 575. It pulled back a full dollar, then it bounced all the way back up. so that's not clean and unfortunately, it chopped me out. so it is what it is.

Uh, you know, live to trade another day and these are losses that I can kind of easily recoup and that's important I can still feel frustrated and disappointed about it, but it's It's better just to stop when it's at a point where I can easily recover the loss in essentially one good day. and that's kind of the reason I set my Max loss at my daily goal. So I don't feel like I'm losing more than I could make in one good day. So that's it for me.

And uh, you know, as always, trading is risky and this just goes to show. Easy come easy go. so you better practice in a simulator before you put real money on the line. and I'll see you guys back here.

uh tomorrow. I'll be live streaming of course for members of Warrior trading. Hopefully we have a better Gap scanner than we had yesterday and today, but we might not. This might just be a slow week and if that's the case, I just have to be patient.

Uh, you know we had some momentum earlier, but it slowed down and I just got to be patient and wait. so that's it for me. I'll see you guys tomorrow.