All right everyone, well shutting it down here I was actually green at 10:30 I said I was shutting it down I walked away I came back, looked at the laptop, saw FRS X was about to break hi a day as soon as it broke, jumped in to 89 expecting immediate resolution, break over to 95 to 98 $3 310, 320 I thought it would take off and it dropped right back down to 255 and just like that, I gave back the 1,400 I made this morning and went into the red making this the fourth red day of the week. This has been the worst week that I've had in terms of you know, just accuracy and - ah I don't know I'm not sure how long it's been, but you know cold streaks happen and that's part of trading. We have hot streaks, we have called streaks. we have ups.

we have downs and right now obviously on a little bit of a pullback. A little bit of a down but had such a great day yesterday. finished with 74 hundred dollars of profit. Feel good about that.

Yeah I gave back a little today but I'll be back at it on Monday morning looking for momentum and hopefully we start to see some action in the market. You know it's gonna take to really get the momentum back, a three, four hundred percent move or something that just explode to go from two to eight dollars and just you know, really go crazy. so I can't wait for it to happen I'm just looking forward to that type of volatility. something that's really exciting, but maybe you know, a few more days, a few more weeks before it happened.

So have to be patient. Have to be. you know, a little bit more conservative. but although today is a red day, it's not a blowout, it's not a max loss.

and I feel good about that lifted trade another day. Be back at it on Monday morning. All right once. So we're gonna do our recap here today.

This was a green day up until about a minute ago. Took a trade on Fr SX for the break over $3 and we got this big false breakout right here I got in as soon as it broke over hi a day I was looking for the Heidi break jumped in aggressive on share size I Really haven't seen a lot of times where we saw this type of setup where we broke through the highs and we didn't really open up. so I felt really confident that this was gonna squeeze right through three 310 325 was my target and then look at this candle drops from 294 down to a dollar 56 Oh pops back up here I got out and just like that went from being up 1,400 on the day to being down 1,800 which makes it the fourth red day of the week. It's not easy.

I'm gonna be really glad that June is in the books here today. Just not easy at all. You know this type of thing has been very typical. lots of false breakouts this stock this morning.

In fact, maybe I should have expected it would do this because we had a false breakout here and a false breakout here. This is such an obvious setup for a break through the highs. it only broke the highs by 9 cents despite 1.3 million shares of volume only made high a day by nine cents or maybe ten cents. Me, it just it really wasn't able to open up my first trades on it this morning were down in this area and I actually traded it pretty well.

I had a total of five trades on it I was Green on four, three, three out of the five I guess including now this red trade but and started scalping it in this area. We had a couple nice pull backs here and here, but as you can see, these didn't really sustain very well which was really disappointing. and just generally you know I don't know 18 million share float stock will crowded 14 million shares of volume I Would have been pretty happy 20 minutes ago just to be like you know what? I made $1400 on that one and green day but unfortunately I went in for that one extra trade. The good news is that again, even though it's a red day, this is a small red day.

I'm not below max loss. Um, I'm just giving back a little bit of profit and we're just continuing to be in that chop while we wait for the market to really open up. Well, while we wait for those Equality setups, this is the one that I think everyone was focusing on today. 14 million shares of volume up nearly 100% But despite that, it as you can see, has had several high volume red bars and has now done sort of the final big rejection ugly move here, which is really disappointing.

So it's been a tricky week. The last two weeks in fact have been tricky. you know, pretty rare for me to have this type of slow patch. It happens from time to time.

The last one was in March and then I made well over a hundred thousand dollars between March and and here in June you know. And then we came up here on a two-week slow patch. So last two weeks have been slow. But the good news is you know when the markets slow, there's only one place it can go and that's you know, back into a hot streak.

Yes, you can have a slow period last for a couple weeks. Sometimes it'll last for a full month is a great opportunity to study. If you can be profitable during a slow period, you're gonna be exceptionally profitable during the hot streak. The hardest part is during the slow period.

You know you just see that. Had the tendency to go ahead and take trades like this type of setup. Knowing that this setup in a hotter market would have worked, you know, 99% of the time. even in the cold market, they typically work and so you know in any case you get a little more aggressive, you'll see your accuracy drops down during the cold streak.

I've sometimes had traders ask me Ross why do you adjust share size? You know between hot streaks and cold streams, why are you just always trading the same share size knowing your you know daily average will just be consistent and what I try to do is I try to bring down share size during cold streaks and then increase share size during hot streaks to minimize the losses and to maximize the profits. The challenge is that it's tricky sometimes to know when to adjust those levers of you know share size and max loss and sometimes you know, don't make the right decision and you continue a cold streak on big share size and then you finally bring it back down and then a hot streak begins and you're trading with small size for the first couple days and you really minimize your opportunity. You don't maximize it. So I'm a little bummed out today that I went from being green on the day to being red but I would trade that set up any day of the week.

A break of over hi a day on the stock up this much mean it's just it's a really good quality set up. It's just unfortunate that we're in a market where even those types of setups haven't been following through well. But I don't regret taking the trade. I Would definitely take it again if I saw it again.

And you know being aggressive is how I turned $583 into a million bucks. You don't do that without being aggressive and it's the way I'm gonna turn You know the million and to two million. I'm already more than 10 percent of the way there, so sitting at about 1.15 million dollars of profits in this small account two million dollars is the next stop. So it'll happen this week won't be a big contributor to it, but when the market does pick back up, I'm going to step up to the play.

I'm gonna be aggressive and hopefully we'll have a couple of really big green days during the next hot streak. We need a stock to just go crazy, you know? F RSX up a hundred percent. That's nice. It's not bad.

CTX Yesterday up about 150 percent. That's not bad either. We need something to go up a little bit More than that, we need something to really open up a two, three, four hundred percent move. An arc ad a BSP MVP th Something like that is what typically starts the next round of momentum.

So I'm waiting for that stock. Can't wait for it. but you have to be patient. so I'll be back at it first thing Monday Morning Fingers crossed that we get some momentum.

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