What's up you guys? All right? Well trading. I'm a traveling trading station here in my little office, which is kind of nice. you know, just to trade from home or whatever. But third consecutive red day.

All right. So we're gonna break it down in the recap. I'm gonna talk about it I Know some of you guys have been commenting below that obviously I don't know how trade anymore because to lose two days in a row, you know it's like losing I mean it's like Tom Brady You know you lose a couple of games in a row and everyone's telling you, might as well throw, throw in the towel and retire. Call it a day done.

Well Alright now, I'm sticking with my strategy as I always do. and I'm gonna break down for you guys. The draw downs that I've had over the last two years. This is not right now even close to my biggest drawdown.

I've had some big draw downs. Yeah, three right days in a row is not fun. Nobody likes that. but being a successful trader is about being good at losing being able to brush it off.

Let it go not to let losses shake you up and get you to change your strategy because when you start getting reactive and you change your strategy and you're jumping from this to that. oh, I lost today. So now to try to make it up. I'm gonna swing trade this stock and hold it overnight because these other ones worked and then I lose on that.

Oh well. okay then I'm gonna try to buy options on this Stock because it's got earnings next week and you know then you're really, you know, flailing and you don't want to do that. You really as much as possible want to be calm, cool, collected, and stay the course with your strategy until you have data that over a longer period of time tells you that something is not working any longer for me. For instance, I have a lot of data that tells me that I don't trade well generally past noontime.

So to start trading past noontime and to try to break that trend of losing in the afternoon I would - really dip my foot in the water slowly. but I'd be willing to do that potentially. you know. Or for instance, I know over the long period of time that I generally don't do well trading higher priced stocks and I did make some higher priced stock trades last week and they did cost me a little bit.

You know. So things like that? that's based on a lot of data. but to jump a day to day based on your emotion based on you know, the craziness in the market? In my opinion, that's that's not a good way to do it. So we'll break down the recap today.

It's a little bit of a longer one. I'm giving you guys a good dose of some educational content here. I Hope you guys give me a thumbs up and really enjoy this recap. Transparency really is very important and on that note, my February broker statements are uploads to the website.

Sixty-six thousand dollars in total profit which was great, but obviously would have been better if I didn't have those to read days at the end of the month, so you know it is what it is. Again, brushing it off starting here marked with a red day but you know I'll be back at it back in the greenback at all-time highs before you know it. So questions, Comments: leave those below and I'll see you guys first thing tomorrow morning and make sure you guys hit that subscribe button because if you didn't already know I Go live every single morning for free on YouTube to share with you guys my watchlist so hit that subscribe button. Alright, see you guys in the morning! All right you guys! So we're gonna go over the trades from today.

This is the third consecutive green day sorry I wish this is a third consecutive red day and this is a little disappointing. This is I don't know when the last time was I had three consecutive red days but you know it happens from time to time and so I'm sitting here with my third red day and I'm frustrated I you know I was up 2500 bucks this morning and then where things fell apart was on my last trade on a Pdn. so let's look at that. that's doc.

Well what we can start, why don't we? When we start by looking at the Gabor's and also I'll preface this recap so you know. Obviously, seeing comments and stuff on YouTube Folks who are like you know, we're honest, you're trading during, you know, a really weak market. Have you ever traded during the week market before? So if we look at the Sp500, this is what we've been dealing with the last three days. Well, the last you know, the last week or so, obviously we're in correction territory.

the markets down more than ten percent off the highs. We had a green day on Friday The market bounced off the lows I was still red today. We're up here in this area and I'm red here. So I've been read these three days and I was green these days back here.

I've traded through pull backs and corrections on a number of different occasions. We can go back here and this at the time was seen as a pretty big correction because people were talking about possible recession. This was December of 2019 December sorry December 2018 and everyone was saying that we're in for a recession. At that point, the market had been up quite a bit.

We had pulled back and then we broke that critical level and drop down. Of course we had a little pullback of going into that drop. We had another one right through here and if you go back a little further, we had this drop in 2015 where the market you know really pulled back pretty hard and you know you go back further. And of course you see some other ones that were pretty dramatic.

So it's not something that I haven't traded through and I would say that the losses in the last couple days have been kind of interesting. The the first loss on Thursday was related to trying to trade these coronavirus stocks and obviously that didn't work out super well on that day. although it had worked really well in the days leading up to Thursday Friday just overstayed my welcome I was green on the day by 800 or $1000 and then gave it back and that's almost the same as what happened today. I I could have walked away up 2500 bucks and I didn't So my very first trade of out of the gates today was actually on Txr and this was a bad trade.

so this was our leading gap or in the entire market up a hundred and nine percent. Alright, so up 109 percent and I jumped in it with 500 shares at 17. So let's look at this so it was a little red to green. As you can see right here: I bought 1701 and I hit a high of 1790 I didn't sell and take profit I was looking for the breakthrough 18 the pre-market high.

It didn't break through that level. it came back down and I ended up taking a $1,000 loss on it so you know didn't take the profit off the table and ended up turning into a loss. My next trade was on Ap DN a PD n kind of a a wild a sort of wild trade here. right out of the gates.

the stock squeezes up and then drops back down as you can see and I'll pull up that stock. so let's see I F R X So this is our X you know, let me check the float I have 4x float is 15 million shares. it's up 23% being called a coronavirus sympathy play. Maybe it works, maybe it doesn't I don't know.

Anyways, a PD n squeezes up out of the gates up to 670, comes all the way back down, then comes back up right here. and my first entry was at 6:30 right here on this little micro pullback. That was an awesome trade. I Jumped into this with 10,000 shares right here on this pullback with a stop at 20 risking $1,000 It ended up squeezing up to a high right here of 659 649 and then up to 661.

It looked like it was gonna halt going up, but I took my profit off the table of $2,500 so that put me up 1,500 after DXR It then drops all the way back down to 6 and I was like oh my gosh Wow Alright, well that's kind of wild. It comes back up right here and I said all right, you know what, it's a fake out to the downside, it's gonna rip to the upside I'm back in it I got back in right here at 660 for the break. it squeezes up to 685 I took my profit on that trade I only made about six or seven hundred dollars so I was up 20. you know, right around $2,000 maybe 20 100.

It then comes back up again and I said alright this I think this is gonna break over $7 so I got back in right here at 85 I added at 7 and on this one I started with 10,000 shares and I went up to 12,000 and then I stopped out right here. So I went from up about $3,500 on the stock, two down 1,700 So that's kind of where my day fell apart because I went at that point from up 2500 on the day to down 2700 and I was like man and at that point rather than just walk away, I started trying to dig myself out of the hole and get back to Green and the following trades. although I made a little bit back on a couple of them. Xai are you can see this one popped up here.

had a little trade from the 30s up to the high of 59 or 60 for false breakout. it rejected so may 1400 on that POA I made 416 on that I actually got out of it before let's see it halted going up and then I jumped in it for a quick squeeze up to 39 and it halted coming back down and retraced the entire move and I really only traded it kind of in the middle IFR X yeah, you keep an eye on it I again I'm I'm a little hesitant right now just because we're not seeing really good really good follow-through So anyways so POA I that was a winner winner winner right there. and then Opie GN hits the scanners I jumped in it thinking that it looked good if it broke over the high yesterday's high certainly it looked like it was doing a red to green red to green and it did pop up for a moment and then it came all the way back down. Lost a thousand bucks on that.

Alright, so you know I started to dig myself out and then I had that trade on OPG n and then n CNA this is the one that finally I said alright I'm done. so this stock squeezed up earlier. As you can see here it halts going up, then it turns around halts coming back down it opens way down at six dollars which is a very low resumption and so I was like looking at this and I thought I'm gonna do bottom bounce on this I'm gonna buy it off the lows. the stop is six and so I jumped in it right here for the break.

Oops for the break over six forty five Six fifty. looking for a squeeze and gap fill back up? no all the way to to 850 but I thought that we would at least get some short cover and coming back up towards seven maybe 725 and it hit a high of 73 I was up thirty cents. but again at that point you know I was in the mindset of I'm down twenty seven hundred or thirty five hundred at that point. Whatever it was, I'm not taking 20 cents off I want to get a nice trade so I didn't take the profit and then it ends up dropping down and I took twenty four hundred our loss on it IFR X You can see here squeezing up to a high of 88.

You know this is the type of stuff that for me halt levels of 604 creates so much FOMO because you know you see that follow-through and you think oh shoot I should have just jumped in it but at the same time had it gone the other way. Then I'm down fifty-five hundred, sixty-five hundred seventy five hundred. you know you have to it a certain place. Look at that right there.

down to fifty, you know I mean that could be a five thousand dollar loss right there. And that one trade I'm not saying that it was wasn't nice down here, it was but they can do that at any point and so you just have to manage risk and you have to have a hard stop at some point when you're trading. My heart stop is at five thousand. but I just don't feel like losing an extra seven hundred.

And the reality is, if I take one more trade like on this I could easily lose thirty five hundred and then I'm down seven grand. so you know it's It's one of these things where the market is a little strange right now, partially because there's a lot of fear. There's a lot of greed. The coronavirus stocks are, you know there? Some of them are have been working really well, but many of them have been.

At this point, it's almost like an overplayed catalyst because I don't know. they just kind of keep popping up and dropping and look at apt. This is one that is definitely on the back side of the move. It went from four all the way up to forty one A HPI it went from you know, two dollars all the way up to forty five dollars.

So these are now on the back side of the move and these were sort of the leading ones that were driving the momentum. So when the stocks were driving, the initial momentum are dead. Sympathy Momentum I Can't imagine is going to be particularly strong I'm just disappointed that I So the mistake that I made today was once I was up 2000 actually I made two mistakes. number one: once I was up 2000 I didn't start reducing my share size I was you know and I guess part of that's because I was in the mindset of their stuff moving I'm gonna try to capitalize on it and I'm gonna try to make as much as I can and of course make back maybe some of the losses from Thursday and Friday So I didn't scale down and as a result in one trade I went from up 2500 to down 2700.

I Lost five grand in one trade and you can see my biggest winner. You know today is $1,400 and you know even though I was up 35 or 2000 over 3000 whatever was on APTN before I went red. that was between two or three trades so it wasn't like one. nice.

saw $3,000 winner. it was a couple of small trades and then in one bad trade I gave it all back. So you know that's really frustrating just because it feels like you know I'm trying to dig myself out of the hole from Thursday Friday and now the holes even deeper right. I went from down 21,000 in two days - now down 25,000 in three days.

The biggest drawdown that I've had in recent trading history is $50,000 which is not insignificant and I can pull up my trader view stats for you guys. So I have my these these are the last two days of whatever February but if we look at let's see where's let's look at detail and then when lost expectation. So this is my drawdown graph here. So this this shows you the cumulative drawdown which is the most that I've gone read before bouncing back up and going back to green.

So like down here in May of 2017, I went down 22,000 before digging myself back out of the hole and you can see how it was over the course of a few days down down you know a green day and then a couple more red days and then I started to have a nice stretch of Green Day's went red again before I got back to flat and then once I'm back to zero. That means I'm at all-time highs I'm just green day after Green Day after Green Day So sometimes I have long stretches being up at zero because I'm having consecutive green days May of last year or March of last year down 47,000 and then again that was over the course of several days and and then I had a really steep drawdown here in November just terrible and you know, obviously bounce back up. And so those are showing the downside dips of this equity curve. So this is the equity curve going up, which is great.

That's the right direction that you want to see, but that graph right there should give you insight into how deep these dips are just in terms of dollar amount. they're not percentage based, and I would say that it's generally good that I've got this much profit and the losses are still relatively small percentage wise, but you know still, it's not. It's not ideal to have large draw downs and they can feel definitely a little bit defeating and to be at the very beginning of a new month and start with a red day. Not what I would prefer.

Not what anyone would prefer, but of course that's part of trading and being you know being a good trader is about both knowing your metrics and no doubt having the willingness to get back on the horse after you know, getting knocked off because and and and maybe even to not consider a loss as being knocked off the horse simply because losing is in fact part of being a good trader. But you've got to be a good loser and that's something that's very, very hard to do, even for me. Even after all my years of trading, it's still hard at times to be a good loser. and and today I started to feel like I was grasping a little bit for straws.

So I started the day with a trade on DXR which I thought was not the best setup I've ever seen in the world but for a break of the pre market high over 18 with an entry at 17 with 500 shares was reasonable in terms of risk management. Ended up losing $2 a share. Alright, so that's that's not great a Pdn trades. they were good.

but then I started. Course you know I got kind of knocked down on my first trade so I was immediately in this kind of digging out mindset and I got a little too aggressive on it, ended up making some money and then giving all the money back and then the hole was deeper. I was kind of at that point doing the grasping for straws anything that was starting to move. willing to jump in to see if it gave me 500 here.

500 there you know I got 500 on poa I lost a thousand on Oh PGN I got 1,400 on X air and lost 2400 on em see na So that's where I started. Feel like okay if I keep going down this path today I'm you know as much as I would love to have an awesome trade right now. as much as I would love to have a trade that gave me five thousand dollars of profit and digs me out of the hole right now, the odds of that happening are getting lower and lower and lower every minute. We get further into the day because the best trades are in the first 30 minutes and the odds have also gone down with every red trade that I've had because it's very uncommon to have a day where I star deep in the red and end up having a fantastic day.

So I'm definitely, you know, a little disappointed that I didn't have see look at this, you know and this is frustrating because this speaks to right idea. Wrong time. Absolutely had the right idea, but my timing was wrong. So I tried to do this right here and now it's working.

but that's part of trading as well. Sometimes you have the absolute right idea in your timings wrong and you wanna ideally not take so much risk on the first stab that you can't get back in on the second one on the second set. and unfortunately on this one I took too much risk on the first trade and so I couldn't afford to go back in. And so I end up, you know, just being the one who's read on it.

I'm not sure that how much further it's gonna go and I'm not interested in trading it right here at this time of day. but yeah, just a choppy day and the overall market somewhat a factor in that. But I've also traded well during market. Corrections when the markets pulling back, it's my trading is not super correlated to the overall market only because as a day trader, I'm just trading intraday volatility and I thrive on intraday volatility.

It just so happened that we're starting to be on the backside of this cycle of momentum in the coronavirus stocks. and yet we're still seeing new ones pop up because the Coronavirus is still is still a real catalyst. And that's the thing. That's a little bit confusing because the the stocks that were kind of the most reactive are fading and but yet you see others that are popping up like CPA Chai launching a new product related to Coronavirus and they are going up because coronavirus is still there.

So it's kind of a funny disjoint right now between it's the the realness of the catalyst and then the overreaction perhaps on a PT and a pH I and how that's now affecting stocks that are coming out with news related to the virus. But one thing that I'll tell you guys is that I obviously been trading for a long time. trading is hard. There's no question about it.

It's easy in some ways, but difficult in more ways than the not. And through every one of these draw downs, you know back here in 2017. at that point you know on those days it felt really bad and I felt deflated I felt disappointed in myself. That was shortly into my $583 challenge and I had already announced my goal of a million dollars.

but I was only seven percent of the way there. so I was like gosh, you know this is terrible. it's gonna take me ten years but I bounced back, you know. And then of course another drawdown.

Drawdown drawdown. They were kind of more frequent in 2017 2018 and then I had some really nice green stretches. Not a lot of drawdown. and then I was having big drop or rebound.

Big drop rebound. Big drop rebound. Big drop rebound. The good thing is that I rebound pretty quickly.

As you can see, generally my rebounds are pretty fast. That's because I do trade aggressively. So as an aggressive trainer, the losses can be big and quick, but then the winners come right back. And so I had faith in the fact that you know even if I have four red days in a row, that's not completely unreasonable.

And it doesn't change the fact that I will bounce back. It just means the holes a little bit digger that I got dig myself out of. but I will bounce back. and I think that's a that's a sense of confidence that you don't get until you've had this happen a few times because I remember one of the first times it happened I was really scared I was like oh my gosh I just lost.

You know, a lot of money over the course of the last month or whatever it was. Is this a turning point? you know? Did I have a strategy that was working and now it's not working anymore and now I'm because in that short timeframe in the past three days, you could say roster strategy doesn't work because in a very, very narrow viewpoint I'm read in three days. Okay, well let's step back and so once I recovered the losses from that first drawdown I was like okay and of course the way I recovered was by going through and asking myself what was the cause of the losses. Were they avoidable was I breaking rules was I Trading within the strategy, you know what? What was I doing right? What was I doing wrong and generally speaking after a series of losses I often get back to I tell myself to go back to basics.

You know, focus on the basic equality setups that statistically are the best and you know that usually is a good piece of advice to focus on. you know the basics and to take the base hits to get out quickly not to overstay my welcome and and typically that does help me kind of dig myself back out. I Would say today I got a little a little risky on this bottom bounce setup. again right idea for sure.

wrong timing I was a little early a pdn I think I was overly optimistic and I think that might be one of my biggest problems with the market at times is I'm overly optimistic of what a stock can do and and an overly confident of what it could do and that gets me into that overconfidence and and that optimism can get me into trouble because instead of taking the base hit I'm thinking no, this thing has potential to go to 750 Of course I've seen stocks just like it do that, but you know they don't always. So I don't know. In any case, you know this is a little bit of a disappointing start to the month, but I'm not gonna be bent out of shape over it. to show you guys, my metrics from the month of February I had really pretty great metrics up until obviously the last.

The last two days I finished up 66,000 I was up 85,000 So I was a little disappointed to give back some of those gains here up 87 actually. And but you know, and it was a great month that my biggest drawdown was only five grand. Up until those last two days, my average losers ended up getting bigger because of the last two days. Three read: trades that just threw that profit loss ratio out the window.

so that's disappointing. Seventy one percent accuracy. That was still good. Quick trades, six minutes long, nine minutes for the losers In out, you know? So overall, it's a good month generally, and even though it's unfortunate that I'm starting the month red, you can just see how the winners and losers often get kind of grouped together, and if I go back to a longer period of time, you can see how that's often the case.

that. you know, losers are kind of clustered losers here. clustered Clustered Sometimes they're totally scattered, but a lot of times it does feel the winners and the losers get clustered together, so you know, just something to be mindful of. Sometimes when it does get a little choppy out there, it's a good time to ease off the throttle a little bit, try not to overstay your welcome, and then when things do finally pick back up, you can.

You can put the pail with the metal. It's gonna take a little time for me to probably feel confident really putting the pedal to metal cuz I gotta dig myself out of this hole first. But but I will get there and if it takes a week, it takes a week. If it takes three weeks, it takes three weeks.

I'll still be up. You know, twenty thousand dollars for the month of March If I If it takes three full weeks, twenty five thousand and that would be a pretty good month. So I just got a little kind of too aggressive at the wrong spot today and that for me ended up being the tipping point where things kind of fell apart and as I look at something like a PD n right now breaking the V whap or IFR X that we were talking about a minute ago, it can be very tempting to jump in when you're seeing them ripping up, but you have to think about the risk before you think about the reward. the risk here is that if I have another loss, you know I'm I'm gonna be probably down more than five grand and then what you know then do I keep trading and then I'm down six grand.

If I have another loss seven grand, a grand, nine, ten thousand. Got a throw in this house somewhere so might as well do it before I cross the five thousand dollar max loss and then just you know live to trade another day. So I'll be back at it tomorrow, you know, doing the same thing really as as today I'm not gonna do anything a whole lot different other than knowing that what I do will dig me back out of the hole. It's the same thing that got me into the hole, but that's just the way they look at the you know it's the luck of the draw, but is it Educare trade is an educated guess ultimately and I'm right 70 percent of the time.

and if I change what I'm doing for four or five days then I'm I can no longer depend on the statistics today used to to take trades because I'm changing what I know works over a long periods of time so I'll be back at tomorrow. Hopefully we see better follow-through Hopefully you know the gap is are a little cleaner. This has been a little bit of a struggle each day coming in, seeing pre-market that several stocks already have millions of shares of volume because it feels like well, I've already missed a lot of action. You know that's part of what's going on right now.

the Corona virus. it is making it a little bit trickier to trade the open so you know I might pull back on that a little bit until things start to smooth back out. But but otherwise, just be back at tomorrow and you know I Had a couple nice green trades today and unfortunately the red ones were a little bigger than the green ones. but maybe tomorrow all the green ones will be bigger than the red ones.

No. I'll finish the date green. So I'll see you guys first thing tomorrow morning. Hopefully we have some good gaffers and I can finish the day in the green.

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