Hey everyone all right? Well, it is. Uh, never been like this before. I was just thinking about. you know, the challenge that I've been having uh, trading through this market and reminding myself that this is an opportunity to learn because it's never been like this before for me.

As long as I've been trading, I've never had a year where on February 10th, I was up. Well, by the end of January, I was up Eight hundred thousand dollars in the first month. That's more in one month than I had made previously in an entire year in another year. Uh, so to make that much in one month, But then to lose three 300 000 last week that was losing more than I'd also made in an entire year.

I'm in kind of uncharted territory in terms of my trading. uh, but also in terms of the market. So you know if we think back. Um, last week I had a day, uh, on Friday.

actually. last week. on Thursday, a week ago, I was down 25 dollars on the day. Now, twenty five thousand dollars.

That's typically my max loss. Uh, sorry. Two weeks ago, I was down twenty five thousand dollars. On the day I finished the day up four hundred and seventy eight thousand dollars I traded past.

the max loss was the right move. I don't know. You tell me. market, uh, was hot, game stop was ripping and I finished up almost 500 grand.

Certainly feels like it was the right move to keep trading the next day. Pre-market I lost 84 000 on my first trade. I was red deeper than I'd ever been on any other day before. I kept trading and I finished the day up over a hundred thousand dollars.

That is uncharted territory for me. I've never had a day where I had been down a hundred thousand dollars and then finished the day in the green. What? How does that even happen? That was Friday right here. finished up 114 thousand dollars.

The previous day I was read down. You can see right here, red before I surged up into the green. So I'm feeling a little bit at a loss in terms of how to trade and what to do when. when should I stop? When do I say I've hit my max loss? So on Monday of just last week, I was up eighty thousand dollars first day of the month, Gamestop and in one trade I lost 60 grand and went down to Up only 20..

that was Monday right here, February 1st. And look at this. look at this pathetic, pathetic rollover from Up 80 down to 20. I was not grateful and happy for the 20.

And given the fact that on several other days in the last couple weeks months, I'd gone from Up only 20 in the afternoon all the way to Up 60, 70, 80, or maybe a hundred. In fact, it happened on Gamestop just the previous week, I figured I'm going to keep going. Went down to Red break even then went down 20. then went back up, then took an accidental 7 500 share position on Gamestop after hours and lost 100 grand on it.

I I meant to take 250 shares. I entered it for 2500. So I'll just show you here. So this is my, um, this is my, uh, platform here.

I think this is on the main screen. So um, so for instance, on Zbzzt I meant to go like that on Gamestop, I went like that I pressed the buy button twice. Boom Boom. Just like that, I look over.

I'm down 10 points. Oh My. God. I have 5 000 shares, not 500.

That means I'm down 50 grand, not 5 000. I'm already down 50 000. So I said all right, screw it. there's another 2500 shares now.

Um, by going here to trading. so put it at 9000. Whatever. So there's another 2500 shares by now, I've got 7 500 shares.

Long lost about 15 points. That's 90 grand. And just like that, I went from the day up 80 to down 90. that hurts.

I came in the next day Tuesday, decent rebound, decent rebound on Wednesday and then Thursday up 27 000 on the day and in one trade gone. And did I stop there? No, I didn't. Just like, I didn't stop back here on any of these days. Like this day here when I was down 100, or this day when I was down 25.

or this day or this day or this day or probably several of the other days I kept trading. Next trade lost another 30 grand was down now 30 on the day, then got in two trades at once and lost 240 000 on one of them. Down 270 268 total on the day. My god, Now a small bounce on Friday I was actually down on Friday I think 30 000 or something.

20 000. I don't remember I was down, but finished up was down 39. 000. On Monday I went up 20, then down 39, then back to flat.

because I traded past my max loss. I donated uh, 36 000 on um, on on Monday. And now I haven't actually imported yesterday's trades yet. but I suppose we could do that today.

So where I sit right now, uh, as you can see, well, we'll cancel out that. it's a Nasdaq test stock. So I sit up 27 000 in my main account in my retirement and 5 000 in my main account. that's a 32 000 green day.

Not bad. But when do I stop? Did I leave money on the table today? Well, it turns out that I did. I left some money on the table on Bpth today. You know, Bpth.

I started sizing down on it. and son of a gun. This thing ripped from 10 all the way to 25 bucks. Probably left a lot of money on the table.

Probably could have made 100 000 on it today. I am not the same trader that I was two weeks ago. two weeks ago when I had just hit a 200 000 day and then the next day hit 478 000. I was at the best day of my entire career.

The best day of the month, The best day of the year I was up. at that point, about 800 000 on the year. Wind was at my back feeling more confident than ever. And I am not that same traitor today.

today. I'm more timid. I'm nervous. I'm afraid of perpetuating, uh, the red streak that began, uh, you know, a week ago And this is.

I mean, this is perspective of where I'm where I'm at. but this is also the perspective down 316 000. My God, that hurts. Let's just look at the month of, uh, or we'll just look at 2020.

that's where I sit right now. I haven't really made back anything meaningful since the big loss. Uh, I guess yesterday I made 14 000. So let's grab those trades and import them might as well.

Um, my voice is a little scratchy. I've been for the last uh, couple weeks teaching classes, uh, every day. but that's fine. I don't.

I don't mind that, but that's just why. So what I'm afraid of is another step down. And on the other hand, um, I'm thinking about the potential. You know? Look at this from 11 to 22 with 10 000 shares, That would have been 100 000 bucks, right? So it's like, you know, I throttled myself back today.

I throttled myself back yesterday as well. Yesterday on Auvi did I leave a lot on the table? Absolutely. my goodness. Yeah, all the way up there to 35.

I left a lot on the table. On this one, I made only 800 bucks and I stopped trading it at 13. it went up 200 from when I got out. So I left a lot on the table on that one, let's see.

But on the other hand, uh, you know I'm not in a position right now to take a crazy amount of risk because if it goes wrong, I'm not at the all-time highs where I have a cushion. If it goes wrong, I could have another big drop. So that's where right now what I have to do is continue to lock up days. Uh, just like today.

So let me, I'm gonna go import my trades here one second. So due to server issue importing is slower than usual. All right. Well, so maybe it won't import right away, but that's fine.

So I'm going to import that and we'll start start the upload. So uh, basically what I need right now, well so you know we look back. Um, there we go. That imported pretty fast.

So uh, so that was yesterday. Okay, so Nine thousand, twelve hundred, fourteen thousand, today's 30, 30, Uh, 27, 32, 000. that's a great day. A year ago, well, and I was up today on Bpth at the most about a little over 40.

Um, and I gave back a little off the top and I had the discipline to say enough's enough and I walked away and I stopped. Which was good. So I'm locking up 27 plus five. So 32 000.

And a year ago a year ago today, this would have been my second best day of all time. But now today, this feels like a so-so day. How things have changed in the last year. So for me right now, this is a learning curve.

On the one hand, I had some days, uh, last month where I traded far past my max loss and um, that was the that paid off. I don't know if it was, it seems like it was the right move, because it certainly paid off very, very nicely. Of course, I did the same thing a few days earlier in the month and it didn't work so well. I did the same thing on a couple of days here and it also didn't work so well.

So this is the challenge where we get, um, conflicting, sort of, uh, pieces of information. We get conflicting, um, answers from the market. On the one hand, the market's telling us stop trading, uh, you know, ease off. And on the other hand, it's saying keep going, keep being aggressive and uh, let's see what we can make of this.

So the struggle is is definitely, uh, real for me and I. I I'm not sure. you know. On a day like yesterday I I said I'm taking the 14 000 off the table and then Auvi goes from 18 to 36 without me.

Today I took the money off the table and well, this has actually come back down so I guess that was the right move. Sounds like a couple you guys are mentioning a few other stocks that have moved, but um, I don't know if there are anything really all that interesting. So yeah, a couple things there here and there. Gamestop looks like popped up a little bit today, but uh yeah, I don't know.

It's uh, I'm kind of trying to figure out where's the point where on each day I'm gonna say enough is enough And when do I decide even despite being at my max loss to keep going and to go for one more trade, one more trade. At this point I am sitting down on the month. Um, so you know we really? Yes, I'm back at 572. that feels like I'm flatlining here.

Uh, it is 22 thousand dollars not including today. but that basically feels like not much to get back up to 700. I need to make another. you know, 100, 150, 000.

So this may, just, um, you know, I just don't want this to be a bear flag for the next leg down. I need to. Somehow I think that if I can get through this week going back to the calendar, if I can get through this week with two more small days, if they're small red days, that's fine. If they're small green days, that's better.

But you know, if I can get through the week with two more small green days, that would be terrific. So 5000, maybe green on Thursday? Maybe Red 5000 on Friday? Not a big deal. If I'm read five thousand, it's no big deal. And then if I can do the same thing all of next week, you know, Green Steady.

Five thousand, Fifteen thousand, Twenty thousand. And what I did today is as soon as I broke over ten thousand dollars. I said, you know what, I'm reducing my share size. I'm cutting my share size for the rest of the day in half and I kept making money from 10 up to 20.

And once I was over 20, I said I'm cutting my share size back down again in half. So from that point forward from 20 000 up to 32, I was trading with a quarter of my regular share size. Now, as it turns out, had I continued trading with full size, maybe this would have been a 75 85 000 day. But right now that missing out on that is the price that I have to pay.

That's the cost of the mistake of getting a little emotionally impulsive at the beginning of the month on these two days, getting sloppy and digging that hole. That's that. So right now, I have to just focus on basics now. A base of 32 000 is fantastic, but I I have to just take the smaller gains and and not try to roll it into big home run days.

And if it means I leave money on the table, that is the cost. That's the price of the mistake that I made. And when we think about Fomo, what's worse? Feeling Fomo missing? Auvi God dang it. I missed it.

I can't believe it Thing went to 35 bucks or uh, giving in to Fomo and losing. Which is worse. I think it'd be better to sit with Fomo than to give in to Fomo and lose. Now you could give in to Fomo and win.

And that's where the market is giving you positive reinforcement for bad behavior. And that happened to me on Monday. And so the 36 000 that I made I donated to charity. I said I'm giving it away and just to show you that I'm not full of full of it, those are the receipts there.

So 36 000 15 to Berkshire Bounty which is a local food pantry type of thing, 15 000 to the volunteers in medicine. They provide health care services for people that don't have insurance and 6 000 to the volunteer ambulance squad. So yeah, I guess I got a positive reinforcement from the market for a uh for bad behavior. but I'm not going to let myself keep that money.

I'm going to give it away. Today Today was fine. Yesterday was fine, so I don't need to donate anything. um, yesterday or today, you know.

But if I do make that mistake again and I'm honest with myself about it, I am going to give away those profits. But today was okay. Yes, I did go red early on Cgix. I'm not super happy with that trade.

That was not a great trade on my part. I bought into the volume weight, average price and then it flushed. but um, that sometimes happens. I did the same basic trade on Bpth actually buying the break of the V web pre-market and that one worked.

So they ended up canceling each other out, which is fine. But yeah, for right now I'm gonna have to sit knowing that I'm leaving money on the table. But it is better to leave money on the table than to give back profit every day you're doing one of the two and in a strong market. Typically I will trade all the way up until I start giving back profit.

That's the only way I know that I've actually made the very, very most that I could on that day because I made my most and I started giving some back and I guess I kind of did that today. But um, but then I I stopped early enough that I probably if I kept trading until you know, well, 3 30 now I probably could have made maybe more money. But uh, that's what the situation is. I'm either leaving money on the table or I'm giving back profit.

And so for the next couple weeks, the price that I have to pay for the mistake of that emotional, uh, lapse in judgment is leaving money on the table. So I need to walk away Green. As soon as I hit ten thousand dollars in profit, begin reducing share size. Twenty thousand.

Reduce it more. Thirty thousand, Reduce it more. And if I have another day where I get thirty five, Forty thousand as a result of small share size, that's great. It will start those days.

Hey, honestly, 10 more days like today and I'm green on the month. You know if we're going to be realistic about it Now it's not saying that. that's my goal. but um, these are.

this is what I'm going to need. So for me to start to feel like I'm getting the confidence back and I'm kind of getting back into the driver's seat, I honestly probably need to get back to about you know, above 750 about to where I was here. So I've got another you know, 200 000 to go. and no, I'm not not after today after today.

Um, so I've got about another 150 000 to go. 150 000 10 days of 15 000 a day. You know, 20 days of whatever. 10 000 a day or so.

7 000 a day, I'll get there. I just have to keep my head down and have the discipline to stick with it. So today is, um, it's now been, uh, two days since I lost, uh, control emotionally. Let's see if we can make it three days tomorrow.

It's um. it's just the only way I've just got to keep my head down. Get these winners be super. Uh, just ruthless about cutting the losses quick when I have a winner, trying to let the profit ride a little bit, scale out slowly and then wait for the next good quality setup.

Today I was a little too aggressive early pre-market I would acknowledge that, but fortunately I didn't go too far in the red and we were able to see a nice move on Bpth. Although it's unfortunate that it's not holding up super well. not surprising since the news was just like some patent news. But um, it's okay.

So anyways, uh, that's where I sit here today. Green Day. Green Day recap. So I'm grateful for that.

I'm not going to overstay my welcome. I'm not going to trade here during power hour with 30 minutes to the close and the best thing I can do is distract myself by closing down all of my charts clicking save not looking at the Gbr stock, hitting the scanners and come back tomorrow, ready to try to have another decent day. All right. So I'm going to close this all down.

shutting it down, shutting it down. And yeah, you know it's just again. like I said that, I'm I'm learning. I'm this is.

this is uncharted, uh, territory for me. I've never. really, I've never had a year this crazy. I've never had a within a week, a 500 000 green day and a 300 000 red day if we're gonna round up on both of them.

So yeah, um, I'm learning a little bit about kind of what I need to do to protect myself. protect the profit that I'm making, protect myself emotionally, protect my sort of center. Because when I'm in this position of having had a really big draw down, it's really, it really takes an emotional toll. and that takes the cost of that big red day is probably double because of how much it costs me in the coming weeks because of the fact that I'm not able to be aggressive.

So it's a reminder to try to do everything possible not to let yourself go off the rails. So knowing your triggers and being able to stop yourself before you cross that point of no return, it's it's important. And so for me, because I realized that my trigger was giving back all of my profit in one day after I start getting green, that's why I'm reducing my share size. Because if I reduce my share size, the odds of me giving back everything I just made starts starts to be very low.

So that's why I'm doing that. I did it yesterday and I did it again today and that was. Those were good moves. So that's it for me.

I hope you guys, uh, have a good day, had a good day, have a good rest of the day and I'm gonna put up my disclaimer: Here's a reminder that day trading is risky. My trade should, only, uh, remind you of that and I'll see you all first thing tomorrow morning. Live streaming for the day trading morning show please. Those on Youtube and Facebook.

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