Oh hey, well I'm just sitting here thinking about my day. I'm down 13,000 I Guess it's not the end of the world, but boy feels like a frustrating morning more than the dollar loss. What's frustrating is being wrong on. You know, more trades than I was right.

You know that's what's frustrating. it's it wouldn't be any different from trying to, you know, going to a batting cage and swinging the bat ten times in a row. Normally hitting the ball three times you'd be like man, this is frustrating. What is going on? it's not, it's the money is kind of a side factor because I'm not I'm not as fixated on the I mean daily games are great.

It's more that today. I had some good profit at the beginning of the morning and then I gave it all back and went red. So I actually went from up 10,000 to down 13,000 That's $23,000 swing in the PML So I lost twenty three thousand dollars over the course of you know, stair-stepping down. You know, to read trades one green one one more big red, one two green ones? you know, one red one.

You know just generally those stair-stepping down and I feel like I could have walked away a little sooner, but at the same time, yesterday I was down 5,000 and I said you know I'm gonna stick it out, there might be some more opportunities and I finish today I'll bait thousand last Monday I Started the day down 7,000 worked my way back up to almost break even and then drop back to down ten thousand and ten Thousand is kind of the number where I'm saying if I'm down more than ten even though I could afford to lose more, no reason to throw money and you know a pile and light it on fire if the markets not hot, if my strategy just doesn't seem to be working today for whatever reason, he's off the throttle I was down nine and then dug my way out to down maybe I don't know five or four and then back down to down nine and then to down to thirteen. those like are you know what? that's it I'm throwing in the towel so someone just asked me because we're gonna start summer school in just a second and they said Russ have you ever had a day like this where you said I'm throwing in the towel I'm walking away and then you know you came back because one of the stocks that I stopped out on has ended up squeezing higher and I said you know, yes I have done that before and I don't think it's ever been the records. It's never been the right decision to do that when you've had the point where you're like okay, I've got to walk away and you walk away and then you come back and convinced yourself to take another trade. You are without a doubt breaking boards.

Even if that setup looks good, you've already hit your max loss. Whether it's because of you know, emotional frustration, you've just been like wow I'm seeing red I'm so frustrated I've got to stop. or it's because you hit your dollar max loss or you had too many red trades in a row. Whatever the trigger is, there was a reason you walked away.

And today you know the leading gapper which was gapping up over 150 percent, ended up failing if just the with no real strong indication that was gonna happen. Really great pre market chart. Not the strongest catalyst, but catalysts sometimes are strong, sometimes they're weak, and that's not really. Always the deciding factor.

When you have high relative volume and the stock is moving, that's what we look at. It shows up one hundred fifty hundred eighty percent, the bell rings and just start selling off. I Tried to do dip trades on my first dip trades I gave back my pre market profit and on my next tip trades I went red. Every dip just kept going lower so you know.

So whatever, it is what it is. But I think this recap will be good for some of you guys. A lot of the times the feedback I get is that the red day recaps are better than the green Dave Cows Being able to kind of hear my thought process about when is the time to stop, you know where did things go wrong? That can be probably more valuable because ultimately being a successful trader, it's not just about You know having green trades, it's about being able to know when to walk away and being able to manage those losses. And although being down 15,000 today or 13,000 is great, you know yesterday I was up 8,000 Friday I was up 20 the day before that I think I was up five the day before that I was up 60.

So I mean relatively speaking I made a hundred thousand dollars last week. So being down 13 right now is a 13 percent pullback after last week's high. Like it's not a big deal, but it is important to be mindful that this is a place to stop. and what type of price action would I need to see tomorrow in order to either be willing to, you know, get back on the horse and get back in the saddle and try to take some more trades? Or maybe it's a I'm taking the whole day off, right? So we'll talk about that more pre market tomorrow as I'm actually going through the watchlist.

It'll be very much based on the action that we see tomorrow. I Can't decide now. it'll be based on what we see in the morning. but as always questions comments.

you guys can leave them down below and there will be a link down below for our fourth of July sales. So 4th of July sales have started today. Coupon code July 40 is now active that will save 40% on the warrior starter and the Warrior pro course. So those you guys who want to learn from someone who shows you both the red days and the green days, you found the right spot.

This is the place to be. I recap every day red or green. It happens that there have been more green days which is good but I recap the red days too. So today is the red day recap.

I Hope you guys enjoy and I'll see you back here first thing tomorrow morning. Live streaming right around 9:00 a.m. All right, see you guys in the morning! I'm gonna go back and keep thinking about my day. All right our once.

So we're gonna do our recap here and go over today's trades. So today is a red day recap and sort of like yesterday and sort of like a week ago on Monday it's uh, you know these are my last three days that have been difficult we could go. Monday I finished the day down ten thousand. so it was a red day recap yesterday.

I was down about I think it was five thousand four thousand and I started in the green, went red and then worked my way back to green and finished up eight thousand which wasn't bad today. I actually started Green on cars and then I gave back all the profit on it, went red by two thousand and then I took a trade on wk HS and in one trade lost seven thousand. Very much like yesterday on SH Ll put me down about eight thousand or so on the day I started digging my way out of the hole. I had a win on Apex, a win on BL NK I had a win on VXR T and then I gave back the profit and went red.

And then my last trade on Pol A put me down below ten grand at that point. I said that's it. That's the point where I'm walking away I'm not going to keep trading down more than ten thousand. That's just where I'm setting the line right now and again.

This is relative to the Green Day's that I've had in the last few weeks. A $13,000 red day is actually not bad at all. In fact, with the twenty five thirty thousand share positions sizes that I've taken if I had a twenty-five thousand dollar red day even though, or a $30,000 red day, even though that would be the biggest red day I'd ever had, if I go over thirty, it it wouldn't It wouldn't really be outrageous compared to the amount of profit and the size some of the green days as I've had. But of course, no one wants to have a really huge red day.

so this is where I'm drawing the line. So let's kind of break down today where things went wrong. So this morning I sat down, reviewed the Gap scanner the same as any other day and carved was our leading gapper. Now Carve was already up over a hundred percent with a million shares of volume.

A headline here about Netflix shifting a million dollars into black owned banks not and that and banks that serve black communities that wasn't specific to Carve. although Car fits that criteria, it wasn't that they're getting her a million dollars, it was more of a general headline. So pre market we had this move up and I actually took a trade pre market on it for the first five-minute camel to make a new high right here. So I got in it right there and this squeezed from 1484 up to 17 dollars.

Really nice green trade right out of the gate or pre market. It then pulls back and I was looking to take a dip off of V whap which I did take right here at fifteen about fifteen seventy four but it popped up and then dropped back down and so I ended up into the open holding a position that was red and I had not yet given back all of the profit from this move here, but it wasn't looking really really good. but at the same time I was thinking I'm gonna buy the dip off V Webb because I looked at this and I thought this thing looks good for a break over seventeen it's a it's now a double top so third attempt break through seventeen. so that was the setup that I was looking at and as you can see right out of the gates it just it flushed and so I tried to do a dip right out of the gates and add to the position at about the view app of 1450 and it flushed down to fourteen.

So I stopped out there and gave back most of my profit, not all of it. I was still green and then it drops down to 13:03 it does a false halt I got long, it bounces up to 13 40, then it drops down to a low of 12 78 and actually gets halted going down and I was holding into the hall going down. so at that point on resumption I added to the position it did pop back up to 13 40 and then I was holding right through this consolidation I was holding 10,000 shares and on this drop right here I stopped out and would that I was down 2600 and I was like all right well that's that's it. You know what can I do I I had I had the wrong idea, it was very strong pre-market there wasn't to me an indication that it was gonna fail like this out of the gates.

So I was still in the mindset of buying dips. definitely doing dip trades below the view app is a certain point. just doing reversals and reversals are fine, but it just kept not really reversing. I mean this popped up here and then just went lower.

It popped up here for a second and then lower. It's starting to pop up here, then came back down, then it curled up here and then came right back down. So you know you could have probably if I'd been trading with smaller size I probably could have gotten in, gotten out a little faster I probably maybe could have done better. it was bigger share size and trying to go for bigger moves.

that got me into a little bit of trouble. So I'm a little disappointed because I was up after this trade here and this one here I was up over 10,000 on the stock and I gave it all back. So before I went red on the day when I was still up I don't know. four thousand? there's three thousand I took the trade on Wkh S.

so Wkh S was. you know and this is again. it's a little outside my go-to strategy being that it's a little bit more expensive. but it did have high relative volume and so with that high relative volume I looked at it as it ripped up right here to 18 and it did a micro pullback and I got long right here it taps 18.

It can't break that level. And let's see, I actually stopped out down here on the lower this candle at 1710 8,000 shares. Boom! Six thousand dollars in the red looks like eighty cents a share and so with that I you know plunged into the red and I never got back to green. So I would say today.

you know it's tricky because in the last few weeks a good pre market trade and a cushion of ten thousand dollars has been something that I've been able to kind of use is leverage a little bit cuz I'm like all right I'm up ten thousand so I can take this next trade. we ten thousand shares and kind of let it ride and I did that on carve and then gave back my profit and then perhaps because carved was so weak. Other stocks at the open were also choppy because this is sort of the thing. Carve was the leading gap in the entire market, so when the leading capper fails, it's not a good indication for momentum in general.

Now if that leaving gap becomes and does break a few app and rips higher fine. but it didn't do that and so while the lead-in gapper was failing, I was shifting gears and trying to jump in other things and we just generally didn't see clean momentum. And so you know this right here: I underestimated the fact that this could drop a dollar a share I stopped out almost literally at the low which is embarrassing and then it rips right back to eighteen when I was like. But the fact is at 17:10 I was down eighty cents a share I couldn't keep holding on 8,000 shares I had to cut that loss and I didn't want to add to it because this price range it can drop $2 a share.

Just like that, you know you can really get smoked. So while 6,000 is bad, it's certainly not as bad as it could be if I didn't follow the rules. So I cut the loss on that. Was frustrated to see a pop back up to 18 there and then come back up a second time in 1874 w Kisos w KH s.

So first trade out of the day was on and again. being down 2600 isn't the end of the world, but I was up 10,000. so I gave back over over 10,000 of profit trying to do dip trades on it and I should have just I don't know I mean it could have done a Break of view app. it could have worked but today was the wrong day so that's frustrating.

So that was the first first couple trade so I went to up over 10 and then started giving back. you know, gave back half the profit on carve, then dropped. read on WK at HS and then was down almost 9,000 or whatever was after that final trade on carve into the that drop wherever that was and then I was like okay. Yesterday I was down five and I said to myself the best chance of getting back to Green is not to try to hit one $5,000 winner, but to try to hit you know, five or ten $500 type of basis and that's what I did and I actually got myself back to Green.

So today I sort of was like okay, well $10,000 is kind of a spot I've got in the sand. If I go below ten I think I really need to walk away. Not that I couldn't right now. potentially.

if something opens up, get myself, you know, three, four, five thousand dollar winner, but it's just starting to become that I'm really fighting an uphill battle and it's not worth it. So on the next trade after you know a couple of these losses we had VX RT So VX RT I was a little hesitant about at first but it popped up here to eight. It did a micro pullback and I actually bought it right here and on this one I'm a little frustrated. I bought 10,000 shares and then I added and got myself to a twenty thousand share position.

It squeezed up to 847. Alright, so you know, obviously a nice move there and I made about $4,000 on it. Alright, so then it pulls back and this is actually even kind of hard to see on. so let's see where was this drain.

um it. So I'm trying to see where this was. so it pulled back and get a high of what was this 47. it then pulled back for a second I did a dip trade and I bought 20,000 shares on the dip at I think 26 and then I stopped out right down here as it broke down and went from you know up 4,000 back to break.

even so again I was like man, this is frustrating I started to get a cushion I was like okay we've got a cushion let's work with this. One step forward, one step back and then my next trade on it was right here. First five-minute candle to make a new high which was this setup and this is kind of frustrating because you look at and you say well why did you stop out it hit 22 and then it dropped down on this candle back under 8 and I was in at 20 or whatever or I was in at 8:10 and I stopped down at 8 so on that one again I took 20,000 shares, lost 2,000 bucks and down 1,500 so or whatever it is on the on the stock I got a 1500 and now it's coming back up So I just felt I started at that point I was like man this is really frustrating because where I'm thinking these are going to break out there doing false breakouts and then they're going but others are doing false breakouts and they're failing this right here you know typically I would look at this and I'd good thinking this is along over the highs, but you know the way things have been trading today. I don't know in this rejection here from 69 flushing down to 806 I mean that was a really nasty drop so this is kind of.

we had the nasty drop there and then we had another one right here so that all is a little bit frustrating and then I had be LNK which was a similar one actually in that I bought this. let's see for the break of 6 right here and I wasn't as aggressive on it but I got in this we have the high of 608 I got in at 6:08 15,000 shares squeezes up to 647 I'm taking profit into the squeeze I'm holding a core position I add right here 15,000 shares at 6:30 it pops up to 640 I add a 645, I'm looking for the break over 650, squeeze up to 670 and then push down to 610 and I stopped out of that and so you know the profit I made on the first move up I gave back coming back down and then the last trade that put me over the $10,000 mark was Pol A so on this one I had already taken a trade on it a couple right here I took this trade and lost 700 on it. Stopped out right there I then took this trade right here and sold right here for a small profit and then I got back in for the second break over three and it stopped out right down here for a $4,200 loss. There are almost 30 cents on 15,000 shares so I feel like today.

you know every day when you come into the market. obviously you know the goal is to be profitable. So today I failed at that goal. But you know being really short-term focused on an individual day, it's not always a good thing because you don't want to lose sight of the big picture.

You've had a green month or you've had a green week or ever cases then being green on one day. The more important thing is just to ease off the throttle as quickly as possible. But it's kind of like a puzzle trading and the goal of the reward of solving the puzzle and predict actually accurately predicting the patterns and how they'll resolve is monetary. You know you solve the pattern the right way and you succeed and you're wrong It The way you try to solve the pattern and you lose money so the stakes are high and today I kind of had the approach that I was I think I sort of got into this mindset of starting to get frustrated and I was feeling frustrated that I not as much about the loss, but about just continuing to be wrong in what my expectation was and just being really surprised.

like my expectation of a breakthrough. The whole dollar was a clean move and that is not what happened. This is getting I You know, get this game to a point where I'm getting frustrated and so that is obviously a good reminder to walk away. If you're starting to get frustrated, then you're going to often start trading the bigger size, Start revenge trading a little bit, start getting a little bit more aggressive and that can all start to snowball and become a bad situation if it's left to you know, emotional influence.

So that's why it's important to have a line in the sand somewhere where you say okay at this point I'm walking away you know as I look at VX RT I was you know here once again I had the wrong given the fact that it's failed on some of these other moves. I thought no no way is it gonna break and went from 69 there up to 89 extra 20 cents and then in one candle back to 63. so you know again it's I don't think this is related to someone asked today. Is this what summer trading is like? It's kind of hard to say because some years summers have been slow and some year summers have been great.

This is one day out of a period of six weeks that has been really hot. So this is one day that has been choppy. When you have a period of time where the markets are choppy, you have to adjust your strategy and and that isn't something that I did today today. For the most part I kept trading my strategy and I kept waiting for something to show momentum and the adjustment to the strategy would be scaling back down on share size and doing small little base hit trades just to kind of grind on small numbers rather than trying to take big positions because when you take a twenty five thousand, fifteen twenty five thousand share position, you can't lock up.

Profit of five cents five cents a share was slippage. It's not even profit usually, so you need stocks that are squeezing up 25 35 45 50 cents a dollar a share. and we had that initially on Carve, which is why my sort of bias this morning was okay. we're seeing some strength in the market and even when car was dipping, have some really good dip opportunities and I thought this is fine, it's dipping in the view app it's going a little lower, it's still got the volatility will pop back up and it kept just failing.

So at that point probably the smart thing to do would have been to say okay, leading gap was failing I should ease off right now or maybe even stop right now and and I had that thought for a second I was like should I just stop trading here and I was like it's 932 is I'm not gonna stop training 932 This? that's silly. If I had though, I not be down 13,000 So you know in hindsight, maybe I should have. but I think the trade on wk HS was probably the worst trade of the day because on this one I it was a very very micro pullback and I just sort of jumped right into it and then added. and you know I think this price range sometimes may be a little deceptive because we've had some really strong ones in this price range, but we've also you know historically had more of this type of action of like false breakout, false breakout, a breakout, and mental and then it gives it back.

So like that's this type of action right? Here is why I usually avoid this price range because if you're getting in for the break of eighteen, you had one, two, three, four, five false breakouts before finally having a breakout that popped up and then immediately on the next candle was down twenty-five cents below the breakout point and that that feels like wow, I'm really spinning my wheels it is I'm not getting an ROI on the time, I'm spending focusing on those stocks and so that's typically why I've avoided them. but we have. you know, we had some good action on SH Ll. but then I did a similar thing on SH Ll buying into a breakout and there was a really big hidden cellar there.

It couldn't break that level and then just like that I was down seven seven thousand on it. So I don't think that right now yet is the time to say I need to you know, adjust my strategy or pivot I think that this is was a red day which is fine. Last Monday was a red day and yesterday was red. but then I got myself back to green.

So I think that perhaps the thing just to be mindful about is how are the leading Gabor's performing and you know is there any stock right now that is that high of day and is trading really well? Do we have any break of V web setups? and if we don't have any of that, if the stocks that were looking at are choppy or the leaving Gabor's have failed, then I think that that requires a very honest acceptance of the fact that today is probably not going to be an awesome day. and you know we all want every day to be an awesome day because that's that would be amazing. But that's not the reality and so you have to trade the market. You're right and it is frustrating to be read on.

You know some of these stocks Pol A, what's it at now? Well came back down to 260 VXR t it's at, you know, 8 885, you know? So it's kind of. Its kind of frustrating because I got chopped out on some of these red candles and it has continued to go higher. So that will kind of, you know, sometimes make a trader say you know I'm I'm not gonna stop out I'm frustrated stopping out only to watch it, you know, continue on without me. But then of course the fact is VXR T continued on without you.

But you know, let's look at some of the others. apex. Oh, and this was a stock that I bought for the breakthrough $1 So it came up right here and as it broke through a dollar I got long at a dollar and seven cents and added into a dollar 10. Resume from the halt and squeezed up to a dollar 19.

So again, that was 15,000 shares I only made a thousand bucks on it, so not a big winner. but if you were still holding this, you know it's back down if you were still holding a car. If obviously that one's just gone lower and lower. so while still holding in some instances you could look and be like boy.

I got chopped out and it ended up going higher. I Would say more often than not, if you don't cut your losses, you're gonna end up on some of these trades holding and hoping for a very long time. and that is not worth it. So you know, although this right now is a 1-minute micro pullback underneath the high, it's It's not something unfortunately that I can trust and my performance on the day doesn't justify continuing to trade.

So I have to throw in the towel. As disappointing as that is. I This is a day where I failed to solve the puzzle of how to find profit as a day trader and some days are gonna be like that. It's impossible to be green every day out of the year.

I mean I would say probably maybe there's someone that could do it, but it's almost impossible to be green every day out of the year you'd have to. It just isn't unrealistic expectation. You're gonna have red days and even on green days you're gonna have day, you're gonna have red red trades. So today's a day where I wasn't able to get on the right side of on these trades and I would say the turning point was that really kind of dramatic fail on carve out of the gates.

So this is discouraging. It's discouraging to have a leading gapper in the entire market fail this dramatically. It does go to show that the catalyst was not well-received on well received it was. It was well received and then it wasn't well-received So I don't know.

Maybe you had people on this who'd been holding from previous weeks back in here and this was an opportunity for them to sell and get out for a smaller loss or breakeven. Maybe it wouldn't have really shaken out those types of traders until it got back up to 1750 or 18. Perhaps Short sellers saw the weakness from previous days and jumped on at Vyf. see another black owned operated financial company has two four, six, seven, eight, nine red days in a row.

So perhaps it was just the wrong idea to think that this was going to continue, but based on the pre market action it so strong pre-market that bind this first five minute seemed like a no-brainer and then buying this one right here also seemed like a no-brainer and this was a surprise to me. So you know I trade in the back side of the move is risky and sometimes it works, but today it really it really didn't work so something to be mindful of there and to try to take a lesson from each day. even if you know some days it's like well I really would do everything again if the same thing happened tomorrow. So I think what I would do differently tomorrow is if we see the lead-in gap or fail I'll probably just say you know what I'm just gonna use off the throttle unless it does a brake of V Webb unless something else is ripping and exploding I'm just gonna ease off because this is this is hard to trust and the fact is VX RT and w KH s VX w KH s is 69 million share flow VX r T is 46 million They've got higher levels of institutional trading, higher levels of high frequency trading algorithms.

They're going to be choppier and so stocks like that. Trading on the one-minute can be very difficult, which is why most people wouldn't trade mid caps and large caps really focusing a lot on the one-minute chart and instead use more of the 5-minute for really more trending setups. So anyways, that's where I'm at today and again, it doesn't mean that there might not be more opportunity today, but I can't trust myself to keep trading because I'm moving in the wrong direction. So I'm gonna finish the last day of June on a red red note which is disappointing, but all things considered, it's been a great month and it's just better not to have a snowball day where all of a sudden I'm down.

You know, 25,000 to 35,000 45,000 50,000 Just look back and I'm like whoa, The market was terrible. Why was I why was I being so aggressive? So this is where I'm drawing the line down more than 10. I'll be back tomorrow. All right.

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