Everyone all right? Well here we are Second read de recap in a row. Little disappointing to have a couple read days back-to-back but that's the way it typically is. Read: days get clustered together and certainly the green days get clustered together when we're on a hot streak and I'm being aggressive I'll have back-to-back five, ten, fifteen thousand dollar days. In fact, the two best days that have ever had trading.

they were back-to-back I made I think it was thirty three thousand dollars on who's like Wednesday and now on Thursday I made forty grand. So Wednesday I was like wow, this is the best day of her head and then I topped at the very next day last year had something similar I have like a twenty nine thousand dollar, add a second debt. next very next day, another twenty nine thousand dollar day. the winners almost always together.

you know FOMO in the market, you know momentum in the market, it's just sort of. It all gets clustered so as we have that peak of momentum, well then we've got the bell curve and it comes on the downside and right now the last two days have definitely been on the downside. I Had several trades where jumped in looking for momentum, didn't get it stopped down and you know I'm disappointed to have to read days in a row I was being a little aggressive today on a setup that I thought looked really solid and it just failed almost instantly. So got myself into the red switch to my IRA account.

tried to dig my way out, wasn't able to do it so this is a day where I'm not gonna fight the momentum which clearly is not too long side. It's the short side. so I'm gonna step back readjust to be back at the first thing tomorrow now. Reminder guys in this Coming Thursday 1:00 P.m.

Eastern I'm gonna host a free workshop where I'm gonna break down my strategy I'm gonna talk about why I Really don't get emotional when I have red days because I've got faith in the strategy I've been trading it at this point for so long that I know red days are inevitable I know even red months will happen and it doesn't really matter. It's all about averages over the long haul and that really sort of helps separate the emotions they can come without man. I Just lost five thousand dollars or the big emotional, but spikes or peaks of wow I just made fifteen thousand just all kind of gets leveled out and this becomes your career and one that for me is helping me make well half a million dollars last year. So you know it's all about the averages though.

The green days, red days slow and steady. Stick with the strategy. so if you want to learn a little bit more about my strategy, click below to register this coming. Thursday 1:00 P.m.

Eastern I Look forward to seeing you there and enjoyed the recap. As always questions comments, leave them below and I'll see you guys first thing tomorrow morning. All right everyone So I'm gonna finish today. This is gonna be second day, second red day in a row, second red day recap of the week third red day of the month which is actually right on par with this being the third week of the month.

It's just oftentimes red days get clustered together. Green days get clustered together. We have a hot streak and then when things slow down, you know you get a couple red days. and so today's a day where I I started my very first trade right out of the gates on cool Kol right off the Gap scanner in my main account and boom you know hit my max loss within the first two minutes.

So on this one this was our gap and go set up break of the pre-market pivot which was 398 I jumped in at 398 I took 12 thousand shares for the break. They're anticipating a break over 419 which was the high of this candle. Right back here and then looking for a move up towards 450. we didn't get that move.

It hit a high of 411 and yeah I was up 10 cents. It then drops down to 371 I'm still holding I gave it a second for the first one-minute candle to make a new high but then it broke 370 and I had to sell. You know I was willing to hold right through this area for that first candle making you high and then be able to maybe get out, break even, or even for a small profit on a red to green setup. But as it flushed the low of the first one-minute candle, I had to stop out.

so I stopped out with some slippage, got filled at 360 2 & 3, 51 and 52 which is sort of a bummer, but you know that's just the way it goes sometimes and again it's one of those things. it starts to become less personal or you know less kind of emotional when you're just like, well, you know I I just trade the same strategy pretty much every day and some days are green and some days are red and some days are huge winners and some days are big losses, but at the end at all averages out and so yeah, you know today's one of those days where I'm on the wrong side of the trades, but you know it obviously to set back I'm down like 4,600 on the day so puts me back down to about 40,000 on the month, you know? I was up 50,000 on the month coming into Monday and I lost 5 grand and then another 5 grand today. Yeah, I gotta be a little careful now cuz I've had to read days in a row. I went from having a ten thousand dollar profit cushion on the month forty thousand dollars being my minimum goal, so that's great.

Got my goal and then I was trying to maybe double my goal and using that ten thousand is a little bit of you know, putting it on the line for the potential to turn it into thirty or forty thousand and be up $80,000 a month. but pretty quickly. I Just had to read days in a row and so now I've got to be a little careful that I don't you know? Stair step down one step. Okay 5000 second step.

Okay, well what happens tomorrow I don't want to have you know a third step down or you know, a really big step down. So it's time for me to base out a little bit. And that means you know, maybe a small green day, maybe a small red day. Now small green or small red would be the result of smaller share size.

So going into tomorrow I got to bring the share size back down I You know, after your second red day in a row, you got to bring it back down. So I'm gonna bring it down to nine thousand shares. might even go a little smaller than that tomorrow. I'll see how I feel, but definitely not going to go twelve or fifteen thousand shares tomorrow.

I'm gonna bring down the share size a little bit if tomorrow I can make a thousand dollars. That's great if I lose a thousand, you know that's manageable I Just don't want to continue to have $4,000 red days and whoops and that's what's gonna happen if I keep taking. you know, twelve thousand share positions of you know, these types of stocks that don't work so. but again, I Really not.

I This one doesn't bother me that much. same with CTR vs. today. Certainly disappointing, but not that bothersome.

What got me really frustrated was the trade last week. Which one was it? it was PR VB Last week that one made me pretty frustrated because I was too conservative on it at the beginning of the move and then I compensated by being like way too aggressive towards the top of the move and went from being up $8,000 to giving back all of my profit and going into the red. That's always worse than just dropping into the red. You know if you just go into the Reds like well I was never green, you know I just had this one wrong.

But when you're up $8,000 and then you give it all back, that's pretty disappointing. So those days can tend to get me a little bit more emotional whereas days like CT RV yesterday. Disappointing. Frustrating.

a little bit, but you know, just part of the deal. Sometimes these works. Sometimes they don't work. Very similar set up to what worked on Jagex and gave me a $10,000 winner.

Similar setup to what gave me a $10,000 winner on this same stock last week and today it just didn't work. cool. Same type of thing break free market pivots. So we're in a little bit of a pattern here.

at least the last two days where the leading obvious gapper has popped up and faded pretty hard. MGI Also faded pretty hard. And of course, note that although MGI is short able and you know that's nice For those that may have been able to see that set up a stock like cool, actually, that's interesting. cool is easy to borrow at Lightspeed mm-hmm that's kind of surprising.

Well, I don't know, maybe that contributes to why it it drop. Usually these ones are a little harder to borrow, but I guess you could have traded both pieces a short side. So in any case, you know was just on the wrong side of these two today. And now that we've got this little kind of pattern where we've had a couple leading Gabor's fade I'm gonna be careful tomorrow about trying to trade a gap and go stock.

The nice thing about the gap and go strategy is that when it works, you've got a profit cushion in the first five minutes of the day. But when it doesn't work, you start the day in the hole basically. and that's what happened the last two days. So rather than risk that happening again tomorrow, I may say tomorrow that I won't take any trades until I don't know 940 or something like that.

9:45 Maybe wait for red to green setup, let things consolidate, let the dust settle a little bit and then see what happens now. If I had done that today, obviously we wouldn't have traded cool at all. CIFS This was a small winner off the hide. a memo scanner basically hits the scanner, start squeezing up, looked like it was gonna get halted at 89.

Jumped in, it did not halt, the hot level moved up to 207 or something like that. hit a high of 93 and then came back down as soon as it could not break over two dollars. I was like uh-oh not good. got out of the way on that so a little profit there.

Sol y Five minutes set up here in the morning from 1780 up to a high of 1825 with smaller share size but didn't really hold or go parabolic. and CTR V I lost on again today. jumping in on a 1-minute micro pullback right here. so first one minute camel to make a new high failed, could not retest the high a day and I stopped out.

So I think today's one of those days where if if you keep trading, you're gonna get more and more frustrated if you're trading to the long side. if you're trading the short side I Don't know maybe that maybe there'll be more opportunities, but I think generally things are gonna kind of base out. go sideways. you're not gonna have a lot of parabolic opportunities.

To the upside: I don't see that being likely at all. and I think that anything that does pop up will probably get knocked down pretty quickly by short sellers who have a little profit cushion from a couple of good trades on cool MGI and you know, maybe a few others. So today's a day in my opinion, just to throw in the towel, not try to fight against this trend. It's like swimming against the current, swim against the tide.

If the momentum is not there, it's not there. You know you're just gonna wear yourself out. Get yourself frustrated. You know it's like I mean literally swimming against the current of a river.

You're swimming and you're looking on the side and you're actually still going downstream. So you're trading. You're trading. You're trading.

But you're losing money. so you know why. fight it, turn around, go the other direction, go short, or just step out of the water, take a break and wait, for you know, the current and the tides to change. and I think that for me is my approach, especially since I'm already down.

you know, red in my main account? Buy a decent amount red in the IRA Whatever. This doesn't matter, it's under fifty bucks, but you know there's just no point in continuing today. So I'm gonna step back. I'm up forty grand on the month I've hit my monthly goal for the month of June I'm happy with that I could walk away today and not trade for the rest of the month and I'll look back at June you know in December and be like yeah, June was a good month I was up 40 grand and on the other hand, I can keep trading and try to build up, you know, a little bit more wait for good quality setups.

Be selective and by focusing on good quality setups and taking you know profit at the right time, I'll probably be able to get myself up to fifty thousand, maybe sixty thousand on the month. we've still got. You know, one, two, three, four, five, six, seven, eight days left in the month I averaged 2,000 a days 2500 so there's no reason I can't make another twenty thousand dollars this month. but today is not the day that it's gonna happen.

It's probably tomorrow gonna be a little bit of a day of rest and who knows, maybe things will pick up. wildcard. Friday We'll see something really hot and they'll start next week. you know, on a good note, but this is the the way the market is.

it's we got hot cycles and cold cycles so a little cold right now. that's okay. I'll be back at it first thing tomorrow morning. All right you guys! I'll see you all first thing in the morning if you're still watching.

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