What's up everyone? All right? Well today red Day recap: I'm on my traveling trading station and man I got smoked right out of the gates on a PT & Co DX I Don't know when I've ever seen like that. We have the top three coronavirus stocks that were both all of them gapping up between 50 and 80 percent. Three of them at the open halted going down. I I Just don't know that I've ever seen that.

So today this lost a little bit of a lesson I guess I should have waited in hindsight for the first one minute to kind of shake out before taking a trade, but I was looking for a gap and go trade a break at the pre-market high and so on. Co. DX the free market high was right around 18. I jumped in as it was curling up 1776 with a break of 18 I thought I was gonna rip over 18 a quick squeeze to 1850 maybe 19.

a nice 50 75 cent solid trade and all of a sudden like that within a second I'm in and it's looking good and then all of a sudden its halting going down at 16 dollars and 15 cents or something like that and I was just like how is this possible that I'm down almost $2 a share on 3000 shares? I'm down almost 6 grand on this thing right now. like how is this even possible So really caught me off guard and so while I was in, that stock halted going down I was like okay, just put that aside for right now. I'll deal with that in five minutes when it resumes. but let's just keep looking for better opportunities.

I think I was down actually like $4,800 I wasn't below my max loss. So then I took a trade on a PT and it was right, another twenty one the pre-market high and I got into that and same exact thing happened and it wasn't at the same time these to happen it was CEO DX First then it happened on a PT I get in for the same set up break of the pre-market high and then all of a sudden I'm holding it with three thousand shares is its halting going down and I'm like you've got to be kidding me this this this doesn't even make sense. So now I'm in two stocks halted going down at the same time and CEO DX resumed first and on resumption I dropped down to 14 fort. so I was down three dollars a share with 3000 shares, I was down almost 10,000 dollars and I was like this is terrible Obviously this is a disaster as it popped back up to 15 15, 30, 1540, 1550 I sold it I got out I was like all right I'm it's $1 off the low that's $3,000 less than I'm losing I'm cutting the loss I'm letting it go.

The stock ends up ripping in nineteen dollars ten minutes later. Unbelievable. Makes me feel like I should have held it right. You know it's like that's the feeling.

Hindsight's always 20/20 I know that, but just to get chopped out at the open only to watch it rip and do kind of what? I thought it was gonna do that break out of R18. So frustrating. But obviously I it would have been totally the wrong move to average down to buy more shares on that drop. Had it then halted down at 14 and I'm now holding six thousand shares.

That could have become a twenty five thirty thousand dollar loss in one trade. Now it's one thing to have two losses in one day. They're both more than five grand. one was eight thousand, the other was seven thousand.

but again, at the end of the day, that's manageable stuff to dig out of. It sucks to have them both happen on the same day, but I can dig out of that thirty thousand dollar loss. That's devastating and I know because it's happened to me more than once. It's devastating and the first time it happened to me was from averaging down and the second time it happened to me was from being stubborn and going with massive size and then getting caught in a halt going down.

So on both of these there was a point where there was a fork in the road and I could have chosen to average down and try to dig my way out of the trade. And number One I wouldn't have been allowed to do it because at the time that I would have been pressing the button to average down, I was already below my max loss. which means I can only close I can only close orders I can't initiate I can't open new orders so that's good. It saved me from doing that.

But but yeah, otherwise I would have been able to. so I didn't and so let that fork in the road I made the decision to cut the loss, cut the loss. alright. so now I'm down seven or eight thousand or whatever it is.

then apt resumes and apt drops down to eighteen. I'm in at twenty dollars and fifty cents. so on that one I'm also down like seven grand. It then bounces back up to nineteen, nineteen fifty and I'm like okay, this looks like it might actually pop back up.

so I'm just gonna see this thing through. My stop is the low of that last pullback comes back down to the low stops me out I Stop out, get slippage Phil at 1750 it hits a low of about seventeen twenty five then bounces back up and hits like twenty one dollars. A share might even be higher now I'm not looking I turned everything off because I don't want to look I don't want to see it's not gonna help me So I got chopped down today I you know I I Went in within the first minute again I've never seen three stocks and there might have been more but three that I was watching all halt going down at the same time. but it happened today.

So yeah, I guess the lesson there just to be a little more cautious right out of the gates. And obviously if I'm in one stock halt of going down, maybe not to trade another one in the same exact sector. you know, live and learn and this is obviously a red day. I was up about a six eighty seven thousand on the month before today and I was starting to think this had this: I mean this is a great month and this had the potential in the last two days to be maybe my best month of the of the last year.

So I was feeling pretty excited and I tried to take a couple base hits right out of the gates and then all of a sudden surprise halted going down twice. So now it's a little bit of a setback: I'm up now only seventy thousand on the month. but all things considered, this is a great month and I was able to afford to take a little bit more risk trading these types of high-risk setups and stocks because I've had such a great month. you know, perhaps on another day these would have both worked out and I'd be sitting here up, you know, seven eight thousand like I was yesterday thinking nice, solid day.

green day today I was on the wrong side hit my max loss but I'll live to trade another day. So as always I hope you guys enjoy this red day recap. These ones aren't the funnest to do their, you know? I'm a little emotional about it I'm not happy but it's it's good for me to do these recaps for you and for me just to kind of you know I don't know. just kind of come to to peace with with the day.

So I hope you guys give me a thumbs up for the red day recap and hopefully tomorrow Friday we see you know something that looks a little bit better and I can maybe finish the week just with a small green day just to kind of clear the slate and then I'll be back at it of course next. Monday I guess right now I'm trying to think of where I said on the week I guess this is probably gonna put me back to break even on the week, which all things considered, it's not really that bad, right? I mean it's big numbers and it's disappointing, but fine. So we back at it tomorrow morning and it'll see you guys obviously. I Monday Okay bye everyone.

Alright so now within the last two minutes or so co DX has popped back up from 15 up to 1770. So man this was just so terrible. Alright, so let's look at my let's look at my entries. basically right out of the gates I jumped in Co DX thinking it was gonna break over 18 I actually thought I was getting filled at 18 but whatever.

so that's where I was getting filled 1770 so if I was still holding it I'd be break-even but right out of the gates this was I mean I really look at this gap I just have not seen something like that and I just unbelievable really and this just terrible. So anyways it looks like it's gonna break over 18 right out of the gates. so I you know I jumped in and I thought it looked good for the break of eighteen target 19. if we break 20 then you know, starting to open up 25, etc.

There was a headline of an offering but seemed like the market was shaking it off. That was strong pre market it was strong yesterday and I was just trying to ride momentum. Now the break of 18 ended up eventually working and hitting a high of 1967, but not from when I got in. So I got in here and then immediately.

basically just all of a sudden all the sounds halting going down at 16 19 and I'm just like well I guess I'm holding this in a halt going down. so I'm in at 7 seventy now it's at sixteen nineteen. I'm down four grand on it and it's halted going down. So I have to wait five minutes.

On resumption, it pops back up here and it for a second it drops down. You can see the low was 1440 I was in a 1773 thousand shares. Three dollars a share. that's that's ten thousand bucks.

So when it comes back up I was like let's cut the loss on the balance coming back up. this isn't weird looking halt Oh looks like I lost my connection. okay mom, that explains that. whatever.

So um so anyways you know and then of course to see it. So so this is where I got out I got out right right in here and you know in hindsight I should have held. In hindsight I could have averaged down bought more shares. that would have been very risky and if this stock had been gone into a second halt going down I could have gotten smoked hard I mean I could have easily this could have been a $30,000 red day.

This could have been the biggest red day of my career if I average down so I didn't have urge down I cut the loss and then you know within a few minutes as its curling back up. I'm like you know I got shaken out and now what gets back here? up to 1792 so that in within the span of like five minutes I was feeling a whirlwind of emotions I was feeling frustrated I was feeling disappointed I was feeling I was regretting stopping out only to see it curl back up I was thinking I should have given a you know I was willing to take this amount of risk I should have given a little bit more room I should have given it a second I don't know why my quote I see Co DX has resumed. its up it. It just hit a high of 1860, the high a day is 1967.

And of course one of the most frustrating things with hitting max loss in the first 5 minutes is that now I'm out for the rest of the day. so if we end up seeing really great opportunities, I'm out I can't take advantage of them I can't I can't train them, you know? So it's terrible. a terrible start to the day and so I was like alright, you know what? Okay, so obviously I'm in bad shape on Co DX but a PT has actual news. a PT has a headline here so I'm gonna I'm gonna take a stab at a PT So apt and I took a stab on it.

it was probably right around here I jumped in it $20 and was 47 cents I was looking for the quick rip up to 21. back up to 21 and then I break through the highs and with a higher boom halts going down at 18. You got to be kidding me. I'm in two halts going down at the same time I stepped out of that 1750 which was right here.

so I said you know what set your stop at the low on the resumption of the halt, it resumes from the halt. it bounces up here to 20. So I was like alright, this isn't what I wanted but alright let's see what it does. and then when it came back down I was like I got a cut at 18 I hit it and I'm slippage filled 1750.

Look at the low on this thing, it's it's uh, it's just you know this is the sometimes how it feels that you know how was it possible that I stopped out where I stopped out only for it to come back up. but that's what I did and this was the right spot at 18 and I just got slippage down there so see it, come back up to 21. So when it came back up to 21 for a moment I would have been back to break-even but it hasn't broken over 21. so I don't know I'm not I'm not sure again.

I think on both of these. I did the right thing by cutting the loss I have certainly seen stocks halt multiple times in a row going down. Granted, I was only in with 3,000 shares, but I couldn't afford I couldn't afford to average down and try to scale out of it and that's something that you start getting into. that and you know it'll work a few times and then you have the time where it doesn't work and you've just tripled your loss.

And that's where you're looking at a $45,000 rent day. You know, $50,000 read day and I can't I can't do that that. That would just crush me. So today without a doubt was disappointing and the other here's vir.

This is the third stock. Look at this out of the gates. Get this drop. So I mean I guess these were I Mean obviously they were extended pre market.

We've seen stocks that were extended pre market a thousand times only to watch them continue. so you know none of that is uncommon. I mean really in terms of we see that kind of extended pre market and then continuation. It's actually much more uncommon to see extended pre market.

The bell rings and it halts going down within the first minute again in my entire career. I don't think I've ever seen that and on three stalks at the same time. So this is this is the first you know. and Zod axe I mean they both stood.

they both still good. I really believed in both of them because they both have, you know, the strong coronavirus catalyst. You know if I end up seeing that these end up squeezing up to 25 30, 40 dollars I'm just gonna be like so disappointed. right idea around timing.

I mean that's essentially what what it'll have been I probably shouldn't have taken the apt trade while I was in a halt going down on CEO DX I think this was a little impulsive to jump into this one where I did I think I was kind of feeling like all right I'm red but I'm gonna make it back real quick on apt and I just I'm you know, disappointed but again at the same time I'm not gonna. There's no reason to get bent out of shape. it's this is part of trading. You know, if you can't handle this stuff obviously trading it's not gonna be a good career.

It's just the way it sometimes goes so it'll still be a green month. I'm glad for that. Seventy thousand dollars is a terrific month. I Had a shot at having $100,000 a month if I'd had a nice day today and a decent day tomorrow, but that's out of the window.

Now that's that's not gonna happen so you know again. I'm a little skeptical about to what extent I Want to trade tomorrow, but probably just pullback share sighs. Just try to make five hundred or thousand dollars. Just sort of clear the slate a little bit and you know, put this day behind me.

Live to trade another day and hope that you know we do see some some better opportunities. maybe tomorrow or next week. But today really surprised me. It really really did.

So live and learn and it's a It's a very interesting day. but again with the loss comes a lesson and definitely learned something a little new today about these stocks on Sympathy moving as much as they are. maybe just wait for the first few minutes to shake out before doing anything the next time. I see this happen.

but gosh, if I had done that of course two days ago on a PT I would have missed and I did miss this awesome squeeze right out of the gates. that was right here. This is what this is what I didn't want to miss now. I'm granted the first one minute candle pulled back and then I ripped but it was still is pretty much right out of the gates I don't know but that's alright.

we'll see if yeah maybe I should have taken. you know, really? the thing is. so the comment that I should take in a few you know, small breakout trades to build up my cushion first? yeah, I You know kind of thought that these we're gonna be kind of quick little breakout trades. getting in at seventeen, getting it at eighteen for a quick break to 1850 nineteen I just did not expect that type of drop right out of the gates.

and you know I could I could afford a 50-cent drop I can afford a one dollar drop a drop all the way down into a circuit breaker halt out of the gates. Again, it's not something I really factored in as a possible scenario because I had I Don't know that I've seen it happen before. so yeah, gotta be a little more careful. On days like today, that's that's where we'll be.

That's where I'll be. hopefully some you guys you know walked away today much better shape than me. I Have seen some of you guys post your P&L so clearly it did. yesterday.

was a little crazy. Two good days to study up so that's it for me. Hope for better day tomorrow. I'll see you guys in the morning everyone! Hey, have you seen my most popular video on YouTube? It's got over five million views.

You can check it out right here and check out one of my other videos on YouTube right here. I Hope you guys enjoy it as always. If you have questions, leave them down below in the comment section. I Personally respond to every comment that's posted.