What's up everyone? Day two of trading in: Boston And so far I don't like trading here very much. You know why it's cuz I've been losing money day after day. Today is the second-ranked day of the week. it's only Tuesday This is obviously getting a little bit ridiculous.

So I'm kind of in this pattern where we're seeing stocks pop up like 5 to 10 cents and then drop 20 to 30 cents. So my average winners today, we're only 7 cents per share. My average losers were 19 cents and that's not sustainable unless I'm right 95 percent of the time, which even for me, is not realistic. So definitely in a Grind and I'll just be so excited when we get out on the other side of it.

You know. what gives me faith is that last year I went through this long slump of really slow trading. Two steps forward. One and a half steps back.

Two steps forward. One and a half steps back. It was a little bit of progress. A little.

It's almost like if you kind of picture yourself stuck in a car and you spin the wheels. You kind of make a little progress and then you slide back and you start to wonder. am I sliding back more than I'm moving forward when I try to get out of this hole and right now it's kind of what it's like. It's a little forward, a little back, a little forward, a little back, and it's a grind.

But when I got out of the last slump, I came into the hottest hot streak I've ever had. Over a quarter million dollars in three months and that's what gets me excited because out of this hot out of the slow curve right now, that's kind of like a little dip. We're gonna come out and it's gonna be momentum. And that's when I'm gonna have the pedal to the metal and we're gonna see some great opportunities.

So you know right now it's a grind. But I'm excited for what's on the other side. All right. So let's break down all of the trades from today in today's midday argot recap.

All right everyone. So we're gonna go over the trades from this morning almost Valentine's Day which is very exciting, but there is no love in the market for me right now. You know it's just a very choppy environment. So today's another day where I stepped up to the plate and had a couple of stocks.

I was watching pretty closely and I made money on two of them and I lost money on two of them and so two winners, two losers. And the problem is the average losers are like 30 cents. 20 cents actually well 19 cents per share. Today one of them was 28 cents and two of them were smaller.

and then the average winners are only 7 cents. So small winners, big losers. I'm red on the day. another red day.

You can see my P&L here. So finishing the morning down 30 100 bucks and you know it's kind of I mean I had that great day on Friday $13,000 and then Monday dropped down Tuesday dropping down again so giving back some of that profit and you know it's just it's it's frustrating and I'm being stubborn and I'm not slowing down as much as I could and continuing to jump on opportunities when they see them. and then you know that gets slammed back down. So you know we can look at a couple of the trades from today.

A QMS you can see this one here. it just broke over $3 but then this kind of sharp drop this this quick pullback. I First got in it at 2:50 but it was not easy to trade. What was really interesting on this one is that when it broke over the half dollar of 250 it squeezed all the way up to a high of 268 and then all of a sudden there was a big seller at 250 it so it dropped right back down to 250 because someone put a big order to sell it 250 and I was in at 250 and so you know it was like kind of strange.

we don't really see that very often that all of a sudden someone just throws a big sell order in the middle of the spread and creates this you know this, this wall. so obviously disappointing that that happened I stopped out at 250 I got back in but I just I wasn't able to get any big wins. My biggest winner on it was only actually is only 2 cents per share so it was just very choppy. A lot of hidden sellers on it.

when I say hidden sellers what we would see is someone put an order on the ask and you're seeing lots of buyers. Lots of buyers but the price isn't moving so you just have someone putting up a wall right there and that just kept happening on a QMS every time it would pop up it would drop back down. so very whippy as you can see these whips to the downside this whipped down back up back down. so it was not easy price action to trade and as a result when we made a hundred and twenty eight bucks on it so nothing exciting there.

first trade of the day was OPG n this one I got in at the half dollar at 250 I was watching for a break of the pre-market high so you could see the the pre market high was 250 I jumped in at 248, popped up to a high of 265 and then it rolled over and dropped all the way down here to 210. So I stopped out of that one. My entry was 250, stopped out at 224 and 218. So those nineteen hundred bucks there, boom right into the red.

Six hundred dollars profit on a RPN This was a decent trade here, but it didn't hold the level at all. Again, like it popped up and then just totally rolled over. So this is kind of what we keep seeing and you know it's it's. definitely, you know.

I'm stepping up to the plate. I'm looking at these setups and I think they look decent and in another market, they would work really well. I Don't feel like I'm doing anything particularly different from what I did last month. It just seems that we're not seeing as much follow-through So I buy stocks pop up.

you know I buying the breakout point. the place where I expect them to go to pop up. You see here ARP n it works and then it doesn't hold the level it doesn't sustain. it drops back down and it drops lower than where it even started from.

So we're just seeing these, you know, sharp reversals and so that was a nasty one on ARP N and then cat B This is the one that really frustrated me. You know it's it's frustrating. You get into this type of setup thinking it's gonna be a nice break out and you know that's that big red candle. It's that you can see right here.

that big kind of rejection where we get in for the first candle to make a new high. It's a decent setup and then it just gets slammed back down. So this is one where I was never even really green on it. it just I got in at 25, it went to 28 and then dropped to 206.

So I lost 18 cents on that one. And you know how? it's just that it's the market that we're in right now. so it's one of the things I was saying is how quickly the tide has shifted from an amazing January to a really slow February and there's no doubt about it. I'm I'm frustrated no one likes to come in and trade day after day and you know, lose money.

It's my job is to come in here and be a profitable trader. So the fact that I'm red six out of nine days this month, it's probably the worst month this. I mean that's probably the one of the worst months I've ever had I'm only down nine thousand, but it's It's very, very difficult right now, so you know again, it's a great time to be trading in the simulator to be practicing, because right now, trading with real money if you're a beginner trader, you know, if you can, if you could do well now, you're gonna do well in probably any market. So there's that.

But at the same time, it's just not very rewarding because even good quality setups aren't working. That's what's frustrating is a good quality, decent setup is only popping up five cents at the breakout point and then it reverses 15 so you know it's it's a good time to be trading the simulator. Today's my second red day in a row. Uh-ho bleak.

Tomorrow was a green day and I'd really like to be able to finish the week green but I don't know if that's going to happen. You know it's like I said yesterday. it's It's almost an environment where it's better to not trade than to keep getting stopped out. You can see the stocks I traded today can't short cat B can't short am PE can't short o PGN can't short a QMS and I can't a PRN I don't think I can short either.

So none of these stocks I can short I can only trade them one direction. It's just simply not an option to short these with most brokers. Now, if you open a broker our brokerage account with Centrepointe they might have shares of some of these. Their minimum is $50,000 so most traders are not going to open an account there.

Interactive Brokers You know I have my IRA account there and it really hasn't been. You know the best experience trading with them I used their my account there just for the IRA but I wouldn't really feel comfortable putting putting more money with them so you know Interactive Brokers hasn't been very good. Trade zero I'm a U.s. resident so I can't trade there.

Sure trade or commissions are so high I wouldn't trade there so you know kind of just backs you into a corner where you're you can only trade one direction. at least that's the way it is for me. So I've got one option which is traded alongside and I can either you know, sit tight or I can you know keep stepping up to the plate and keep looking for opportunities and if you know we see them, then you know you know I'll try to capture some profit. and Charles yeah I mean I'm sure there are people that will do that.

you know I'm sure there's people that will short if I buy and in a market like this? I mean I guess that works, but obviously in a market like In In January those guys are going to blow up their accounts because you're short a stock that runs up 200% I mean that's not strategy just to do the opposite of what someone else does statistically over the long haul. If you did that, you would lose money because I make money 70% of the time. This month has been an anomaly. September was a red month and April was a red month.

So you know right now I've had three red months in the last year and a half. Really in the last two years? three red months so it wouldn't benefit me to always do the opposite of what I think I should do like any time I'm gonna buy two short statistically that would not work at all, even if you could find shares available at borrow. but yeah, I mean I Suppose you'll have people that you know if they see that I'm in a position and I'm holding it and it's not working out, you know they might short it and and figure well, he's gonna have the pressure on and so he's probably gonna bail out and when he sells, you know it'll drop more because he's got big size. But again, I mean that's not really a strategy, that's just kind of piggybacking.

and I don't I don't know that there's many people that would really do that because I don't think they would be profitable in the long run with that type of that type of strategy. I think if anyone does that, it's probably just they're pissed off that I'm making money most of the time and they want to try to take a little advantage of the times that I'm in the red. or you know, push the you know, try to sell and short stocks that I'm in to make it harder for me. but again, that's that's kind of silly.

Like it's not a strategy that's just kind of an emotional thing for someone to do so they want to do that like again, that's on them. And you know, in January when I made $117,000 if they're shorting all those stocks, it's not gonna work out super well. so you know I think again and you know for me I Try not to think too much about what other people are doing cuz I don't want to compare myself to others I don't really care if someone else is making money or losing money. you know it's just not That doesn't help me.

You know, unless they're trying to teach unless they're you know, trying. you know I show you what I do everyday to teach you so you guys can can learn from what I'm doing whether it's right or wrong, so there's benefit there. But just like I don't I don't sign on to Twitter I don't do any of that stuff because I just don't find it helpful I see it is more of a distraction than anything else. So yeah, I mean right now for sure, it seems like a lot of the stocks that I buy don't really haven't really been following through as well.

and I think that's more cyclical I don't think it's any anything more than that. this isn't any different from the ebbs and flows that I've had in the past. And so one of the things that does get me excited is the fact that last year when I went through a kind of a rut like I'm in now I came out on the other side of it and made a quarter million dollars in three months I made eighty thousand and November made thirty thousand in October Eighty thousand in November Eighty thousand eighty-four thousand in December So that was 200 grand and then I made another hundred seventeen thousand in January So three hundred and twenty thousand dollars and four months. You know that's what I'm looking forward to is when we do come out of this slow period and I can have another three three hundred, four hundred thousand dollar hot streak.

So if I have a month where I lose ten grand and then I go back into a hot streak where I make three hundred thousand, four hundred thousand and three months, you know that's keep it in perspective, right? That's good. That's what we like to see, so that makes you kind of say oh well. yeah, I Guess being down eight or nine thousand in a month isn't really that big a deal and again, we still have two full weeks left in the month of February for me to try to get myself back into the green. so I'm not going to throw in the towel on the month yet I Think that there's definitely opportunity for me to finish in the green.

but yeah, it's just, you know, a difficult market right now. so we saw a little bit of follow through on a RPN a QMS very choppy o PGN didn't work at all and see a TBH you know was was pretty choppy as well I don't know. All of a sudden it popped up right on this candle from about $2 to 234 but then it didn't hold that level. So now it's kind of coming back down.

so you know. I I Think right now is a good time to try to exercise discipline as much as you can, try to keep the losses as small as you can and again, that's relative to your account size, relative to what you've done in the last three months. For some people, losing $3,000 in a day is devastating. It's you know your your your wit's end and for me this is all just part of the noise.

Being down more than 15,000 would be a really bad day for me. Being up more than 40,000 would be a really good day for me and anything in between is just the noise. It's just part of doing the job. There's days where you come in and you're green and there's days where you come in and and in your red so you know.

Like I said also earlier today, trading is I don't know. 50% skill and 50% emotions. Dealing with the emotional side is the is is the harder part for me at this point. Now that I have the skill, it's just dealing with the emotions of trading, dealing with the fact that over the last you know.

Let's say over the last six weeks of the year, I've made a hundred and ten thousand dollars and wouldn't it be a lot nicer to just average? You know what's a hundred and ten thousand divided by six? eighteen thousand? Wouldn't it be nicer just to average? eighteen thousand? dollars a week or 36 hundred dollars a day and have a green day every single day? Make thirty six hundred dollars every single day, of course. I'd rather do that than have a day where I make eighteen thousand like I did two weeks ago have a day where I make thirteen thousand like I did on Friday and then have days like today and yesterday where I lose money. But that's not how it works. You have to deal with the ups and the downs.

it's just how it is and so. Emotional conditioning and getting yourself to a place where you can handle those swings is probably the hardest part and you guys see it with me every day. It's not something that I don't still struggle with even after having done this for years and years. I still have those feelings of frustration and disappointment when I have read days and when I have a green day, it's pretty much just like.

Well, that's good, but it's no big deal. so the red days are the ones that are hard to deal with. but hopefully we, you know again start to see better follow-through Hopefully things do start to turn around I Still think it's gonna be the first stock that goes up 200 or 300 percent and any of those traders who you know are shorting whenever I sell or whenever I buy. plus all the other short sellers out there, you know they'll start to get squeezed out a little bit.

Long Traders like us will start to see a bigger opportunity. We'll start to get a little more aggressive and that's what will usually start the next round of momentum. That's what typically happens and so it's waiting for that catalyst to get people excited again. And yeah, it might be another couple weeks.

I Don't know how long this this slow period will last, but you know there are still opportunities here and there. Had a great day last Friday with 13,000 so that was a big step forward and now the last couple day is stepping back a little bit so waiting for that next step forward. but you know probably keep having these steps up and then a couple steps back, step up and a couple steps back until we really start to open up again. I Think you know that's probably the name of the game.

So get in, get the profits, get out, be quick. I'm trying to be quick I was pretty quick on the first couple trades. o PGN Just you know, slip down got me good and Cat be that one. You know again, those false breakout rejections are tough I'm not sure exactly how to anticipate those better because this really was a decent setup in my mind.

I Suppose probably the best thing to do on something like Cat be maybe is watch the low of the last one minute candle stop out right there as soon as it breaks. rather you know rather than wait till the below that of that drop that might be something to do, but that might help a little bit o PG n let's see pull that one back up. If I'd stopped at the low of the previous one minute candle, how would that have worked? Let's see I would have stopped out at 2:30 I stepped out 224. So yeah, I mean that would have been better so you know smaller size, be quick to pivot, quick to jet and get out if it's not working and when things do start to pick back up, those those winners will stack up quickly, but you just want to try to avoid getting yourself too deep in the hole.

So I'm kind of getting a little closer to the edge of the the red. you know the edge of the draw down and I'd not like to go too much deeper into the red after a big day on Friday Felt worth being a little aggressive and pushing because I had such a great day but now I've stepped back so you know again kind of that analogy of you know you get stuck in a ditch and you know you start to get out and you're like alright I think I got it and you push the gas pedal down and then next thing you know you're just spending and sliding backwards And no, oh no. and now am I going to be actually more stuck than I was to begin with. That's what you want to try to avoid, so you know.

Anyways, this is just this is it for me today. You know this for you guys is an opportunity to really get a glimpse into what it's like to watch to be a trader, to watch a trader who goes through the ups and the downs and every single day makes a video to talk about it I want you guys to see both sides of the coin and to realize that yeah, we have great days I've made a great living as a trader, you know four hundred thousand dollars last year was awesome. that was a year I'm already up over $100,000 and it's February 13th. So so far this is a great year.

despite the fact that yeah I've got a couple red days, this could be a half-a-million-dollar year for me. This could be the best year ever. and at the end there'll be people that are probably hating saying oh you know he makes money every single day and you know he's You know, you know whatever they want to say I mean but the reality is I didn't get there without the red day's I didn't get there without the the frustrations and having to go through the same stuff that all of you guys have to go through. So anyways, you know that's kind of where I'm at today.

A little frustrated. not as frustrated as I was yesterday because the loss isn't as bad. so you know we'll get back at it first thing tomorrow morning. Valentine's Day Hopefully there'll be some love in the market and we'll be able to start to build up the account a little bit.

And for those of you guys studying, it's a great time to study. Don't get frustrated, you guys are in the simulator. It's the right place to be. Just keep working at it, keep practicing, and when the market does pick up, you'll be able to capitalize on the opportunities.

Alright everyone, so hope you guys have a great afternoon and I'll be back at it first thing tomorrow morning. Pre market analysis around 9:00 9:15 All right, I'll see you guys in the morning if you're still watching. You must have really enjoyed that video. So why not subscribe and get email alerts anytime? I upload new content.

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