What's up everyone? All right? So today, first read a recap. in after well, 9 consecutive green days, an amazing hot streak. I think around $70,000 of total profit. maybe a closer to 80,000 a really awesome hot streak and all hot streaks have to come to an end sooner or later.

But today was such a frustrating end because on PRV be up 300% on the day I was actually up $8,000 on it and then I got too aggressive near the top I gave back all that profit, took trade number 2 down, 11 grand on it. There was so much opportunity on the stock, so much of money to be made and I missed the easy opportunities early on and I wasn't as aggressive on them. and then I overcompensated by being too aggressive and a high risk place near the top, which is sort of like having a classic aggressive emotional trading. and I don't know why I was that way today, but boy, I gave back my whole morning of profit and I gave back everything I made on Friday So you know for me last, Monday May 10 grand today I'm down 10 grand I've been trading big size, bigger numbers whipping around here and so I'm gonna try to take this in stride and not think about the fact that $10,000 would buy like a used car and just think about, you know what? it's fine, it's just one day, one step back.

I'll be back at it first thing tomorrow morning and you know I'll rebuild just like I always have And all things considered, having had a $50,000 drawdown in March, this is nothing I can get back, I can get through it and I will. So I'll be back at first thing tomorrow morning 9:15 pre market analysis and as always any questions any comments on the trades today leave them below and I'll see you guys first thing in the morning. All right everyone. So we're gonna do our recap today.

Today is Red Day recap. As you can see here, and you know red days happen from time to time. It's my first red day of the month, but this is a particularly frustrating day because I was actually up almost $10,000 before. I had a series of two red trades where I gave back all of the profit and then went way into the red.

so this was all on. PR VB it's up 304 percent right now I took a couple other trades on Jag Accent Ltk, but these were both relatively small trades. This is a stock that made an incredible move this morning and and despite that incredible move, I managed to lose money on it I'm It's one of those things that for me is extremely frustrating. So this was not really on the watch list because by the time the bell was ringing the well, the flow was is 25 million shares 24.6 so it's got a higher flow.

As you can see here, it's got 12 million shares of volume right now and pre market it was fairly crowded on volume so pre market the price was 11:25 with 1 million shares of volume and I felt like you know what being above 10 being a 25 million share float. I Don't think this is the type that I should be aggressive on trying to do a scalp trade on and so I really wasn't interested I recognized that it had a trigger here at 1198 and so that was the spot that I was watching and the pre-market high was 1290. So the this level here and this level here were the two levels on watch, but I really didn't think a whole lot of it until I saw that it was halted right here on a circuit breaker and I was like wow, Ok, you know Talton at 1168 Impressive. you know, let's let's kind of watch this coming out of a hall and so as it came out of the halt I started with a small-sized tray buying it.

actually at Twelve Forty three, my first entry was Twelve Forty Three. it popped up to I had twelve seventy and then dropped all the way to 11 seventy-five on that train I ended up making like four hundred dollars. a small kind of, you know, small scalp, nothing big and I was just like okay, you know that was interesting and a little a little choppy there and then it squeezes back up to 1250. I get back in I then scalp this break right here and let me just find my order for that break This one was.

This was sort of the biggest trade I took on it I took nine thousand shares right up here at Twelve Eighty Six and it immediately broke nine thousand shares and immediately broke and I'm selling at 1305, 13, 1913, 34, 13, 39 and just like that in this one little trade I was up forty five hundred dollars on the day I mean that was a really solid trade and then it kept going and and it kept going and kept going. as you can see and so on this one I added back I did okay I got myself up about eight thousand five hundred dollars on it and then where things took a turn. Let's see, that's right here. So this was ten, ten and twenty three seconds.

Actually, this is where things took a turn. Yeah, so I was I sold for my 15 and I added back here at 10:23 So this was our where was this sorry 1924 so that was on this candle right here I thought that what we were seeing was just obviously clear parabolic move and now this with no resistance had room to go to 20, maybe 25 and so I took a starter here in 1923 and then I added with my hot key I see I was getting partial fills and sometimes when I get partial fills I get frustrated and I'm like dang it I'm trying to get in this thing getting partial fills and so I just pressed shift 1 and shift 1 is now a hockey not for 1,500 shares but for 3,000 and then I added at 23 and 26 and that was right up here. It hit a high of 1965 and then it flushed down to 1750 and just like that, I stopped out at 1810 and 1774 and was six thousand shares, lost $7,000 I just gave back my entire $8,500 of profit and I was basically breakeven on the trade. I was just like whoa.

Okay, that was crazy I'm frustrated and then it rips back up here. it breaks 19:30 and hits 1990 and as it ripped back up I was like wow, Okay, it fades me out but I bet it also faked out a lot of short sellers I'm getting back in I'm getting back in because I think it's gonna break over the high halt going up and we're gonna see that moved to 20. So I got back in at basically the same price. It hits a high of 1990 or 1919 90 but I didn't sell it because I was now going for 20 and a circuit breaker halt and I stopped out of that at 18 and 1750 and just like that, I lost 11 grand so I went from being up $8,000 at down 11,000 That's a $19,000 reversed from the high.

the lower dejan for my P&L in the stock and I'm so disappointed I'm so frustrated I watched it through here I flipped over to my IRA account. it was like and I prepared an order here to get in at 19 15 and I was like, you know what? Ross you're already down ten grand on the day and you were confident on this setup and you were confident on this setup confident enough to take the trades. I'm confident here. What if I'm wrong? What if I'm wrong a third time and this thing just dropped to 17.

What if I get in right here at nineteen fifty in drops of seventeen I lose another five grand I've got to stop somewhere. Well, to my frustration, it breaks 19:15 and squeezes up to 2007, then hit a high of 21. 15 squeezes all the way up here to 2282. so it makes that move without me and I'm just like holding my hands, feeling super frustrated that I'm the guy who somehow managed to make nearly ten thousand dollars on it.

Give it all back, go down 11 grand, and then swatch the stock. you know, go all the way to 20. so 82. So this speaks to two primary issues.

The first issue was that instead of reducing share size as it went higher, I in fact increased share size all the way up to seven and eight thousand share positions at the high. Now seven to eight thousand share positions down here. when it was at twelve and thirteen. Okay, getting myself up to five thousand on the day.

Six thousand. Ok, that was fine, that was aggressive. but then it's time to scale back. especially after this type of parabolic move.

and I was overconfident I used too much share size and I gave back all that profit and that was 100% my own fault. I was too aggressive. Was this a day to be aggressive? Well, you know, considering since my last red day, I've made almost $80,000 I Guess this was a good enough day to be aggressive as any. I've had a really great hot streak I mean I made 30 grand last week and 10 almost 10,000 just on.

Friday Being aggressive being aggressive is how I made that much money in the last 10 days. So I think that I just I just should have been mindful that at this point right here I was taking a big position of a nearly 20 dollar stock and historically this is where I've had some really big losses in the past. any te was one of them I can remember that was like a 15 thousand dollar loss us I don't know. Six thousand share position losing two and a half dollars a share and that was on this stock.

If I go back here ways we had this day. this was back even further than this. It was right in here where it squeezed up to 20 Next day it goes up to a high of 33 dollars. I Mean it was incredible.

but the problem with stocks in this price range is that when they go the wrong way and they whip down, they can whip two dollars against you and you cannot hold as an active as an aggressive day trader scalping breakouts, you cannot hold down two and three dollars a share. you just I simply can't I don't sighs to allow two to three dollars a share of risk. but that's kind of what you need to allow for with this type of stock. because the reality is here.

It went from 1990 down to love seventeen dollars and it was still bullish. so it had a three point drawdown and then ripped back up. but I couldn't afford the $3.00 per share drawdown with 9,000 shares. you know that's $27,000 so I took the loss and then it rips back up and that's just part of the deal and you can always get back in.

but I kind of undercapitalized on the first part of the move, being cautious I then over compensated for it by being too aggressive near the top and that's sort of like that very typical emotional type of training. You feel frustrated that you didn't do as well on it in the early part of the move because you miss the good entry, you didn't chase it, it then went anyways and then you buy it. hi thinking well if it went that time would probably go this time and you take bigger size, try to make up for what you missed and then that's the time where it fails and you get a slap for breaking the rules and you know that I don't know that I was really on this set up here I think I genuinely thought it was gonna go parabolic 220 and I just wanted to ride the momentum and I initially was trying to take smaller share size you know, fifteen hundred shares here and granted I was pressing the buy button three times but I was being mindful and then I was frustrated I didn't get filled and in that place I was willing to go ahead and chase it and then once I was in, you know I was in and committed to it and it ended up being the wrong call and adding was a mistake for sure. So yeah, I I screwed this one up and it's a good lesson and fortunately it doesn't do anything other than give back about one day of profit which is good one day in this current hot streak that we ran.

But I could have done without it for sure and I'd be much much happier if I had been up on it. Just period up five thousand or eight thousand dollars or more. That would have been much much better, but I needed I guess a little bit of a reminder to follow the rules and this is a tough stock because you got away with chasing it all the way up to about here and then this is where chasing start to give you some important lessons. You would have gotten stopped out there as I did stopped out again here.

Drop down here, squeezes up and gets halted, but then opens from the halt and drops down to nineteen which rejects that level, then rips back up, does a false halt at 2282 and then drops all the way down and then from here it's just been stair stepping for the most part lower. so no doubt this is not going to be a day that I look back on in. December and I'm like boy that was I won't but I don't think this would be a day that I look back on is like oh man, that was just the worst day of the year. This is a sloppy day where I was throwing around some big share size I got myself up quite a bit, got aggressive, gave it back, and I'll end today down ten grand which will neither be my best day of the year nor my worst day of the year.

It's just a kind of disappointing day that all bounced back from probably in no time at all. So last Monday I made ten grand this. Monday I'm one hundred and eight day of the year. I'm losing 10 grand.

I'll put the note on my calendar here PR VB plus eight K and then minus 18 K over traded. sad face. It is what it is. Be back at it of course tomorrow as usual and you know I All things considered, today could have been certainly a lot worse.

It could have been a lot worse if I had gotten back in way up here and then lost again. This is a day where a more emotional traitor or a more emotional version of myself could easily lose 15, 20, or 30 grand. The stock certainly has the volatility to give you that type of loss with the account size that I have. and so I'm glad at the least though that I was able to say okay, you know what, I'm at my max loss I can switch over to this account but I'm not gonna I'm not gonna keep trading I could but I'm gonna choose not to.

So that's a victory. And you know sometimes small victories are the best that that you can get on a day like today. But but take, take it and learn a lesson from it and you know look at you trade another day so that'll be that'll be a I'll live to trade another day. It's not a hundred thousand dollar loss, it's not something I am gonna spend months trying to recover from.

It's just more frustrating than anything else because I was I was just too aggressive and that was at that by itself. It's just frustrating and that emotion of frustration is gonna linger for for a little bit. But that's okay. so anyways, that's it for me.

I'll see you guys first thing tomorrow morning. Hopefully we have some other good opportunities and we can trade them in a way that's a little bit more dialed in. Alright, I'll see you guys first thing tomorrow morning. If you're still watching, you must have really enjoyed that video.

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