What's up you guys? All right? Well I'm getting ready to head to work I thought I'd make sort of start this recap a little on the earlier side with talking about my plans for the week ahead because last week was kind of a mess. I was over I aggressive I was falling into the sort of patterns of overtraining and it really wasn't a super great week. So I mean I made money but you know and that can be a tough thing because when you break the rules but make money, it's like was it worth it. So my feeling right now is that starting today I want to trade less and I want to trade better quality setups and I'm really conflicted about whether or not I should be trading the Sp500.

On the one hand, there's been a lot of opportunities which has been, you know I mean it's been very volatile, we know. but on the other hand, I'm just not sure. it's so trying to try the S&P 500 it's so choppy. I feel like I'm gonna get myself into trouble.

So my thought kind of right now is that it's better for me just to trade regular stocks that fit with my strategy. Small caps, maybe a couple bottom bounces, but I don't know. maybe if the SMP gives a really good set up I just don't know I Feel like that might be over trading? That's not. It's not over trading if I only take one trade on the S&P 500.

But here's the problem with trading the S&P 500. the breakout trade traits that I usually go for a breakout trading strategy. it just doesn't work as well. It seems like for every breakout that we have in the S&P 500, there's five false breakouts.

and those breakouts you know they keep. They keep crushing me because I size up for the breakout and get a false breakout. and then all of a sudden with 3,000 4,000 shares I'm down 900 bucks thousand bucks. So I don't know.

That's that's what kind of pushes me back towards even though there may be some opportunities. I should just leave it alone. So that's kind of where I'm at right here as I'm thinking about it at the very beginning of the week. Having said that, I know the SMP was down Big after-hours in futures market halted down now.

I Just saw before I came out to my office that it's it's back. it's back up quite a bit. It's a tough. It's a tough market because it's things are moving that typically don't move that much and so you know I think Ah well, it's moving.

It's worth trading. But essentially trading the Sp500. You're trading against all these algorithms. You're trading against the big hedge funds.

You're trading against institutional traders. Perhaps it's better to trade a proxy stock like Apple or Facebook rather than. But honestly, those ones are gonna be probably just as difficult. No, what do you guys think? Well, Well, I think about it a little bit.

I've got a little less than an hour to the Bell so I'm gonna try to get centered, have a good day of trading. just have good trades. That's the most important thing and whatever comes of it is what comes of it. and we'll break it down in today's recap.

So let's jump into that recap. Okay everyone, so we're gonna do a early midday market recap: I Took four trades today I had three winners, one loser and as of right now I don't know how much I made I don't know how much I made because I chose to hide my total P&L and my open piano. These two windows are these. look at the column right here if I scroll over we'll see it and this top thing I hid I did that because I wanted to focus today on just taking a couple of good quality trades and not getting too caught up and how much I had made or lost.

So let's see where I finished today. That's great. Two thousand, four hundred, thirty six dollars, and ninety seven cents. I'm happy with that.

That's a great day. So you know one trade on meds, one three trades on a PRN and my work is done. That's it. Let's go over the trades.

where I got in and where I got out. Alright, so let's see. Meds was the first trade. This one was on the Gap scanner this morning right here up 37% with a 4 million share float and this morning I actually thought it was bearish I didn't think it looked very strong.

it had hit a high of 1280. it was coming back down it was below V whap. So I it alone out of the gates. it did this consolidation.

but I really thought this was just a bear flag. A bear flag just getting ready for another break. To the downside. So then it broke quickly and halted going up.

It halted right here at 986 on resumption from the hall. I said guys, do you think I should just get in on resumption because I was feeling a little unsure I hadn't taken a trades yet. Meds is a little more expensive in a hot market I probably would have done it but I I had I had no cushion and I just felt like I don't know so I kind of bounce the idea. a few guys and my thought would probably have been to get in there and the resounding answer was wait for a pullback So although I know John said he took a trade here for 500 bucks.

resumption from the hall I waited and I got in right here now. I bought six thousand shares I bought first two thousand then added two thousand and added two thousand I kind of immediately was like that was probably too many shares for the stock and so when it broke right here as soon as it broke over 1120 I was taking profit as it squeezed through this area. 11. Let's see where was it 11:28 1137, 11 58 it hit a high of 11 60 and then it came back down here and I sold the rest at 11 so I was all out of it the rest of it at 11:00 and then it actually halted coming down which is kind of disappointing.

So I thought Okay, well if this is halting going down and it ended up coming back down a little bit more, maybe I need to ease off the throttle a little bit for my next trades. My next trade was on Hoth with 1,500 shares I went with small share size. This was also a gapper pre market up 112 percent. I was not super confident on it either because it was again below the V wagon.

Well, let's not do 10 second. we'll do a one-minute chart so is below the V WEP and I thought I don't know I don't think I can trade this so I left it alone. In fact, it ended up squeezing from 6 all the way up to 7. but I said, don't chase it, wait for the pullback right here.

it looks like it wants to break over 50. I would maybe trade it with like 500 shares just for that? Well, I'll just I'll leave it alone I'm gonna hold my hands I don't want to over trade so let's just see what this does. So this now see that's very interesting and this is where I'm glad that I at least had the presence of mind that if I was gonna trade it I would have only 500 shares. But this is what we're seeing more and more in this market where we're seeing these kind of false breakouts now.

some of them work and then all of a sudden they rip. But false breakups are not uncommon right now. So anyways, my first trade on Hoth was right here for a break over six. It hit a high of 604 608 and then came back down I stopped out with a tiny profit.

then I got back in right here for the break back over 6 and it squeezed up to a high actually the first so that was a winner. Then I got back in at 6 and stopped out at 585. then it broke and I got back in at 609 and squeezed up to a high of 650. I added at 636 took my profit up here at 650 and and with that I said alright I'm done for the day I'm trading now for the foreseeable future from my house.

There's a lot more distractions when I'm trading from my house and I I just kind of felt like it at this point after having kind of a rough week last week. It makes more sense just to try to be consistent Green trade a lot less and so this is the least I've traded since last Monday Actually, it's the least I've traded since probably like two weeks ago because last Monday traded a lot. So I can load my layout here. Let's see, let me put this down here.

so: a load layout. A predefined layout. Wait, wait a second. I'm trying to load the layout.

Hmm, that's weird. Well now I can't find the layout. that's my regular layout. so all I really need to do though is just move this over.

This is how I would usually be looking at it and I would usually have my PNL up here. But just for right now I'm just not that I think this is a permanent thing, but for right now I was like just focus on taking good trades and don't worry about how much you made. So when I take a trade, if I take ZB et which is the Nasdaq test stock, it'll show me. Let's see it by here.

it'll show me how much I'm up or down currently and so I'm kind of basing my trade more on on that. You know if I see that I'm up. Okay, fine. I can take some profit if I see that I'm hitting my loss I can I can bail out where is sometimes I would look at this and I'd be like, well, if I'm up this much that means I can hold till I'm down a little bit more or sometimes I would say well because I'm up this much I should be more aggressive on my next trade and so I had no idea how much I made on meds when I took the Hoth trade and I think that that's a good thing because I might have been more aggressive than I should have been and so instead I was like well I know I'm green but I don't know by how much.

So I'm just going to be little conservative as I start this position and try to trade it all by its self and not applying any bias to it. So for right now my goal is just to kind of get centered. Last week was a real roller coaster of emotions and I'm really sad to say that on Friday I I kept trading and I went from up 3,000 remembered a 1500 to up 1100 to up 600. Then I did my recap and then I took another trade and I was up only 200 and I took another trade and I was down a thousand and I took one more and I was down $2,500 and I walked away feeling so deflated just like man you're You know this is a joke.

you're You're so caught up and trying to be green, you got to let that go. This is now that was now at that point four days in a row that I had done that. And of course on some of those days I I finished Green which is why I kept doing it on Friday because I was like well, maybe I can get back to up 3000 and you know that would be that would be better for my end of end of month PNL but I couldn't do it and to finish down 2500 and so I just said all right I got a I got a really press the reset button over the weekend and Monday just do something a little different. So today is Day one of Spring Training I'm not even gonna call it rehab I'm just gonna say it's Spring Training right now and I want to try to just try to be the best.

Maybe focus on being the best teacher that I can take the quality trades that are good examples of what we teach in trade and in the classes and all the live trading archives and let the profits follow because they they surely will rather than trying to force because this morning when I was like oh, the SP is down this much I was like I stood as I was like making my oatmeal. I was like okay, well what about 8,000 shares of Spxl on a bounce get $1 a share. It's 8,000 bucks and immediately I said stop it, stop doing that. Stop.

You know fantasizing about how much you could make and how that could recover your losses or get you to your monthly goal. Just stop that. That's that train of thought is what's getting you in trouble. Just focus on, you know.

I'm gonna sit down I know, take a couple of really good quality trades and then I'm gonna walk away I have such a hard time sitting here watching without acting. It's a good exercise in self-control It's like trying to put this dog in front of a squirrel and tell her telling her not to chase it. At this point for her, it's impossible. Now if the squirrels 100 feet out.

Maybe she can restrain herself with a little help from from me. but right now it feels like I'm - cuz one of the things I Had a session with Ted at 11:00 and he said Russ I don't want you to trade for the rest of the day. you're up 600. it's a good day I want you to just watch the market and I want you to just try strengthen that muscle of being able to sit there and be disciplined and so I was like okay I'm gonna try to do that and I sat and watched for like an hour and then I saw something on the SP and I was like screw it I'm in and all of a sudden I was in and so I was like okay when I talked to him this morning we had mindful Monday for warrior pro students who are part of the my well you as part of a warrior the warrior Pro classes we have mindful Monday which is Ted and Diane the psychology team here at Warrior Trading and I said Ted you know I feel like right now I'm too amped up to sit and watch so because right now it's more important for me to just have a couple of days of clearing the slate I'm I'm not gonna try to sit and watch today, maybe later in the week I'll be able to but today I feel like the best thing I can do is just get some distance between me and me and last week.

so there we go. PNL Nineteen, Twenty-four hundred dollars and another thing I'm gonna do for the rest of the month is I'm I'm not gonna I'm not gonna check where I sit on the month. you know sometimes I'll log into my Lightspeed account everyday and oh okay, so that means I'm here on the month and you know I'm not going to do it I'm just not going to do it because it doesn't really matter. this is a marathon.

this is a career. It doesn't matter. so that's where I'm at today. twenty-four hundred bucks happens to be a Green Day um but I'm just gonna let it be there and then tomorrow I'll come back I'll try to take again three to five trades I don't really want to take more than five trades.

It's possible that if we have a really, really good market and on M EDS I was I was looking at getting back in it If it had broken over this pullback right here. so this was trade number one, this could have been trade number two if it squeezed up to you know, 1225, 1250 up to 13, we could have had multiple trades on it. and so I you know I don't want necessarily say I will never take more than you know five trades but if we're not seeing anything at high a day moving higher, it might as well might as well just ease off the throttle. All right guys, that's it for me.

I Hope you have a great day and I will see you 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, subscribe the channel, press the bell for the alert and you'll get the notification.