What's up everyone? All right? Well here we are. Red Day Recap: It was bound to happen sooner or later. Last week was a great week. $17,000 of profit and today I Took one trade right out of the gap right out of the gate.

It was a gap and go set up and I mean it was like right away even though there was quite a bit of green on the tape right away. Ran into big wall of sellers and he dropped down pretty quickly. It curled up off the lows a little bit but boy it just it wasn't clean. Every time it started to pop up there were more sellers, more sellers and then lo and behold 10 A.m.

news comes out secondary offering. So I I was on the wrong side of the trade pretty much all day. I Stopped out before the news of the secondary offering about 25 minutes before the news came out. but you know it's one of these things that can be a little bit frustrating.

I I Knew that this stock was a risky one and I guess you know again I underestimated how much it might drop on that false breakout. I mean I I Kind of have a range of okay, you know this might drop. I could be down, you know, maybe a dollar a share down two dollars a share like that. you know it's like this is a market where you have to kind of try to anticipate that that you know.

surprised blindside kind of. I Don't know. Whatever you want to call it drop is gonna be even bigger than you expect cuz you know it's just been tricky. And then of course on the flip side that when we do see the nice breakout to the upside, Spc be up a hundred percent between 9:30 and 10:00 a.m.

from $1 to $2 now I I wasn't focusing on it as much because usually those cheaper stocks yeah I'd have to buy a lot of shares and I'm often feeling like I'm you know, struggling just to even make 10 or 15 cents a share. but you know that one ended up really moving pretty nicely. So today as I'm looking at my charts, it's like false breakout, false breakout, surprise breakout, surprise breakout, you know, and then choppy. So yeah, you know it is what it is I was hoping that when I had my first red day that I wouldn't be super deep in the red.

However, I will give myself a pat on the back for you know, of course red days aren't fun and we all know that. But today I have an option if I wanted to immediately after that loss to jump right into the next thing that was moving and I said Ross you're below your max loss you know I knew that I was because I knew it was a big loss and then I was like okay, well let's see how big it was and I saw I was down 6 grand so it's like alright or whatever 6500 So I was like that's I'm below my max loss I can't take any more trades and that was important because in the past, right after that first loss I can get very tempted to jump right back at it and go right for trade number two. And as I watched at the time omi pop-up trade number two would have been buying that right around the break of an eighth and it drive. it hit eight and then dropped right to 750.

and you know at that price range if I jumped into that with 8,000 or 10,000 shares or maybe I had gone with 12,000 so I was trying to overcompensate for the loss, Then all of a sudden I could be sitting on a $12,000 red day and then that's when things can really start to spiral. So got the max loss. It's there for a reason I cut the bleeding right there and realistically today I may have missed a few opportunities where another day that I was willing to trade I would have made some money and you could say I could have made back some of the loss today. Unfortunately, my feeling is that after a loss of more than 5,000 it's hard for me to really approach the market from a ground and center point of view without feeling the bias that comes with having just had a big loss.

So it's better for me to walk away, refresh, press the reset button and come back. So when I come back tomorrow I Have to be mindful that the last two days have been a little tricky for me. Friday basically a $500 very very small green day and then today a red day. So if we're seeing kind of the you know Evan flow of the tide of momentum, we're on a little bit of a dip right now and I'm gonna look for the next wave to come up.

Maybe that will be tomorrow, but maybe it won't be till Wednesday or Thursday And so rather than go in tomorrow being really, really aggressive you know, or jumping in, anything to hit the scanner I'm gonna have to be a little bit more conservative and try to sort of just really be in touch with the market that we're gonna if it's hot okay, but if it's cold I Gotta go easy and today I jumped in to be Lph too soon I Guess although that same exact setup is the setup I Traded on it about two weeks ago and made three thousand in the first two minutes. So that's why I took that trade and today it just it didn't work. So you know following rules. You know, as long as you're following your rules, you can have faith that.

Okay, I'm sticking with a strategy I Know that means that 30% of the time I'm gonna be wrong, but the remaining 70% of time I'll be right. So I've just got to keep those losses when I'm wrong small and not allow them to throw me off my center where I then start taking trades they're outside I stretch cuz that's what I can really get to troll so that's it for me and as always questions comments leaving right down below. See you guys first thing tomorrow morning and hopefully tomorrow is a Green Day weekend. See you guys all right you guys! So we're gonna do read a recap here no doubt about it.

I'm red BL pH ended up getting me pretty good this morning I'm a little annoyed that I even traded it cuz the last time I traded it I although I had so okay the last time I trained it I had a nice $3,000 win on my very first trade on it and then on my next trades I gave back the profit I had on it so you know it was a stock that on the one hand I did well on and then gave back the games. It was gapping up sixty percent this morning. 2.2 million share afloat, $19 600,000 shares of volume. everything there checked out I was a little bit hesitant about the fact that on a daily chart the last day it gapped up, it sold off.

certainly that was a read. a little bit of a red flag, but the pre-market looked good and so I ended up taking a trade right out of the gates. so we had a pre market high of twenty dollars and 74 cents and I had my order entered at 21. The bell rang this, it immediately starts squeezing up and so I jumped in.

basically right here for the break of the pre market high at twenty seventy four and I bought a thousand shares and then I added another another thousand right as it tapped twenty one. So I had two thousand shares long and what happened on this was it's a terrible, terribly ugly chart. What happened was it pretty much immediately dropped here down to 1931 and I was like okay, well you know that's not great but I'm gonna give it I'm gonna give it a second. This one was choppy last time also.

so I'm down a little more than I'd like, but I'm gonna hold through this and give it a moment. it then drops down here to love 1860 it pops back up. I actually added on it right about here for the first one-minute camel to make a new high. What? I thought maybe was going to be the beginning of the red to green move.

So I added another 2,000 shares right there as it started to go green and then my cost basis came from almost 21 down to $20 and 37 36 cents. So I was only down about 30 cents. but now instead of 2,000 shares, I had 4,000 shares. and so when it broke down right here I had to stop out and so with that my loss today is six thousand, five hundred ninety-two dollars.

So it gives back, you know, a couple days of profit from last week last week I was up 17,000 So this gives back, you know almost a third of those gains which is not ideal but certainly is better that I cut the lost and then held on to it. So as this went sideways through the morning, it did start to come back up. and then right here 9:57 News came out of a secondary offering 5.3 million dollar direct offering priced at the market at $12 Now this is something that is not uncommon to see as a headline in small cap stocks, and typically we see these announced pre market or after-hours It's pretty unusual we see them announced during trading hours, and very unusual that they're announced 30 minutes after the open. But that was the case with this one and unfortunately that obviously means it's gonna drop.

Now this was a short set up a Bear Flag flat bottom breakdown where it sold here. So ultimately this wouldn't have been a trade that I would have been holding at this point for any reason if it had happened I Don't know during the context of like a bull flag that would have been a little scarier, but it happened as it was going down to the lows, so a little bounce off the low, Not a big one and is just kind of right now consolidating around 12. So Alton this one today just was not the right one to be long. They put me below my max loss right away.

OMI is my max loss has been a five thousand so below five thousand I'm saying I'm not gonna keep trading so Oh am I you can see here. Made a nice move first pullback, second pullback. SPC B Also a couple of nice moves although it's kind of coming back down now, but this from a dollar ten to a dollar ninety. The only problem on a stock like this is that for me to make good money on it I'd have to really have big share size and you know then I have to deal with the Commission's on it.

so I just I don't know I just left it alone and there were a couple other little momentum stocks here and there BMR a for a second but today just hasn't been a really good day and you know what? I guess frustrates me more than anything is that I this morning said you know I want to be conservative I Want to go easy and you know when you trade these higher priced stocks BL pH I mean right out of the gates I jump in with a thousand shares I'm like yeah I'm being conservative a thousand shares I add as it's squeezing up feeling good and then all of a sudden it drops a dollar fifty a share and I'm down three grand. That's like oh my God yeah, this is why I Usually don't like trading. these stocks are defer trading stocks that are on the cheaper side and usually I do better on them. So I ventured a little outside my wheelhouse today.

It did not pay off and I'll be back in the wheelhouse tomorrow for the last day of March and hopefully we see you know some better momentum to finish off the month. But yeah I don't know you I Never, you know Friday was a slow day and sometimes a slow day comes right before a red day. and sure enough, today was a red day. BL pH Perhaps on another day where there was a little bit more momentum in the market and a little bit more volatility and movement.

to the upside, we would have seen that break of 21, a quick squeeze to 22, but today was not the day and unfortunately I had enough sighs that the loss was pretty bad. So yeah, I don't know and for the rest of the day today, it feels that to try to trade to make back the loss would be a kind of waste of time and energy. I Think it's very unlikely I would make even $3,000 given the fact that we're just I mean I know this one's moving up a little bit right now POA I but look at the it's light volume with bigger spreads. What you know: I'm not gonna trade this with a thousand shares to make a hundred thirty bucks.

That's not worth the time at all to trade it with 5,000 or 10,000 shares. I'm probably gonna have a hard time getting filled because the spreads are a little bigger and the volume is light so you know this one's certainly not the one. and I just think at a certain point you gotta say alright, enough is enough I'll come back at it tomorrow and that'll be my best chance at, you know, kind of having a nice green day. So I've got to be careful tomorrow though because you know today was a much bigger red day than I was anticipating having or wanted to have.

It's a bigger red day then they'll probably make back in one good day. Not that I don't sometimes have five and ten thousand dollar green days, but to have to have this kind of loss here? it's not. It's not great timing and it's definitely bigger than I would like. So maybe tomorrow just to try to clean the slate.

You know I don't know. I'll be very careful about what I trade and limit myself to only three trades or something like that. Just to you know, either I have three losers and I'm done for the day or I have you know three winners and I'm done for the day. But I don't want to overstay my welcome and tomorrow's course the last day of March So I'd like to finish off the month with one more green day but I got to be really kind of easy tomorrow cuz that what I don't want is a second big red day cuz then I'm starting the cycle of having a bigger drawdown and then it's gonna take more time to recover.

So I'm a little off my high right now a high of year. but if I am kind of focused and go easy tomorrow I should be able to start heading back up so that's it for me. Red They recap but had a really nice week last week was $17,000 a profit starting this week in the red. but I don't really have any any reason to think that we won't continue to see some good momentum today.

just didn't happen to be the day. All right. I'll see you guys first thing tomorrow morning. Hey, did you know that I Go live every single morning between 9:00 and 9:15 to stream my pre market watch list.

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