Alright guys, so we're going to do a little midday market recap here. A little on the earlier side, go over the trades from today. Overall, extremely disappointing day. I'm not happy with how I traded I would have been better not even coming to the market today I didn't take my own advice that I said right at the bell which on a XT or a KTX that on this gap er I wouldn't chase it out of the gates and as I was watching it, it squeezed up right out of the gates all the way to 995 or actually $10 and as I saw it right up there 995 I said I'm waiting for the first one minute candle for a one minute pullback.

So first one minute camel pullback and then I'll buy the first gamble to make a new high and instead I impulsively jumped in at 995 with 2500 shares and I really don't know what why I did that I just I sort of saw it squeezing up and I thought it would. It looked so strong that it was going to break over the whole dollar and it was breaking over the 200 moving average which looked good but it didn't wait for a proper entry. I promptly lost 20 hundred dollars as it dropped here I had my stop I mean it was instantly I was instantly down 50 cents and I was like well I'll just give this a second and then it was down to 9:15 I bailed out and I got filled at 880 I got 40 cents of slippage I mean it was just disgusting And so this is a really disappointing trade. I lost over $1 per share with 2500 shares I mean it's a really just embarrassing thing to do I was impulsive I didn't wait for the good set up I chased it and the market reminded me why the markets always stronger.

You have to wait for good quality low risk setups and if you chase entries, this is what happens now. Fortunately, you know I had a big cushion on the week and I've had big cushion on the month and even on the year which has allowed me to you know, take these hits and not have them be that painful. but it's just very disappointing. So so that was $2,800 loss I'll show you my pl here I'm finishing the day down 5 grand $2,800 loss on a Katy X and then I made back 2800 on HT GM I got into HT GM I saw it spiking up and on this one I thought okay this is a the first daily candle to make a new high on on the daily chart right here.

So I was like that looks good over 8 and I got in this one at 8:14 with 10,000 shares right here a 14. We popped up to a high of 36, dropped down, popped up, dropped down I Sold right on this candle here. So I actually went from being down $2,800 to up one dollar on the day and at that point I should just I mean I should just walked away I don't know why I felt I should continue trading given the fact that my first trade was so bad and this trade just kind of barely gotten me back to flat one. trade on Pol M which was nothing really there and then you know I saw a UXO was on the scanners I looked at the daily chart and I was like you know the daily chart does look good.

it looks like it's a breakout setup over 550 and so on the 5 minute chart. I Saw we had this pullback here. we had a high of 22 and then we pulled back and so I was like alright, you know what, that actually doesn't look too bad which is true and I jumped in with 10,000 shares at 5:20 and then I added 530. It was like right around 5:35 thinking that it was that I like to add in to strengthen thinking that it was going to break over 540 and go up to 550 560 and open up the way.

We've seen a lot of stocks open up the last few days and that's not what happened in the next candle we dropped all the way down to 506 I Held through this consolidation at this point I was like well this is either gonna be it I mean this I it's gonna be a loss I mean most likely I'm trying to minimize the loss I want to try to get out on the ask so I was like all right. Well I'll let this consolidate on the five-minute chart and I'm gonna wait for the first five-minute candle to make a new high. but unfortunately you can see we sold off and when I sold I got 20 cents of slippage which was an extra twenty four hundred dollars of loss with twelve thousand shares. So that's the challenge of trading with large size and it shows the limit to scalability, you know and I'm just I'm really frustrated myself because I had said I need to be careful it's Friday I had said yesterday and the day before that I need to scale back because I'd had a really nice hot streak and I didn't want to give back $1,000 I mean I said all of these things out loud and then I just jumped into a KTX or whatever that one was lost 2,800 and I think that kind of just got me emotional and frustrated.

got into HTG em with big size made it back but I just still was in this really frustrated state of mind. saw the next set up, jumped in it thinking more about the potential and less about the risk and then next thing you know I'm you know, down five grand on the day, so it's a good time to step back a little bit. I'm finishing the month of 29,000 which is disappointing. last month I made 68,000 So $29,000 is a pretty disappointing month and I had this month I had one, two, three, four five red days and those five red days totaled $20,000 in losses.

So this could have been a $50,000 month if I could have controlled those lost a little bit better. But even today, you know even I mean it just goes to show how you know the challenge is: every trader faces momentary lapses in judgment. I mean it only took me, you know, four taps of my hockey to load up 10,000 shares of a UXO I mean it, It didn't That was easy, that didn't take more than a more than a second to get a full position and suddenly realize this is not a good thing. This is gonna be a problem.

This thing is has a lot of hidden sellers. It doesn't seem like it's opening up and now if I try to just get out. I'm probably gonna lose on the slippage because of the fact that it's weighted so heavily. It shows you that there's an imbalance between sellers and buyers.

There were more sellers so there weren't enough buyers. you know, to absorb my big order. There were enough sellers to take it, but not enough buyers. So yeah, I mean this is definitely I mean I I'm just I'm annoyed myself because this is not how I like to finish the month I don't like to finish on a on a red day.

This is exactly what I did in January January I was up $55,000 and the last day of the month I lost 15 grand and I don't I don't know if there's anything to do with it being the last day of the month or that's not the issue. it's I don't know for whatever reason though and that was a Tuesday it wasn't a Friday so I don't know if there's any correlation there, but I'm glad that we're going into the weekend and I can step back a little bit so I'll open on Monday around 105,000 in in this account which you know is obviously still impressive from the $583 starting balance. but I hit 100k on March 8th and so in the last you know one to three and a half weeks. I only made five thousand dollars because I lost fifteen and then I had to make back fifteen and you know I made back 25 and now I've lost five.

So it's like you know this is one of the things with trading. Sometimes it feels like you're treading water and you have to be so calculated about being aggressive on equality setups and then scaling back that aggression when the markets not on your side. you know, harnessing that desire to be aggressive and you know to get out there and try to get the biggest win will help you have five $10,000 winning days. I made five thousand on Monday 4,200 on Tuesday But you need to adapt to the market and today started off just on the complete wrong note with me being super aggressive and chasing a set up breaking a rule I chased a setup that was bad and then HD GM was a good quality set up.

Size was risky a UXO was an okay setup, but my size was also too risky given the fact that I had just had. you know a really rough start to the day and I wasn't adapting to that. So you know I like to talk about my losing days because I think that you guys can definitely, you know, learn a lot from them. I mean when you see a big winning day, it's easy to just kind of be like yeah.

I Took this trade the perfect spot. It worked out perfectly well. What about a time where I take a trade at the perfect spot and it doesn't work out perfectly I get the false breakout. how do I handle that? So in the case of Aux, oh, I held through consolidation and I was thinking that I would wait for the first five-minute Campbell to make a new high.

Unfortunately, I couldn't keep waiting I hit my max loss. but there are other times where this would consolidate first five-minute Campbell to make a new high, it would go right back to high a day. It just didn't happen on this stock though generally I would prefer not to put myself in the position where I'm holding through consolidation because I'm red on the trade. That means I'm in a little too high.

So the second mistake on this was adding at 35 or whatever it was 37 that was being to aggressive and I think that you know sometimes when you get knocked down you jump back up and you just want to you know get back on the horse. but what you really need to do is just take a breather and that's what I need to do today and for whatever reason I I wasn't able to recognize that in the moment and so mindfulness you know coming back to that presence of self to say okay, Ross you're down really pretty badly on one stock you got yourself back to break even on HT GM Consider it, you know, a wash, walk away for the day. What? What are you doing? Why you taking twelve thousand shares of a stock when you just narrowly avoided being at max loss? So I don't know I I think that it's just one of these things a trader struggle with. and so today was a day that the market got the best of me and I'm walking away with less money than I started with.

But overall it's been a decent week. I'm still closing the week up just under 5,000 but this month has been difficult for sure. I have not seen the same level of follows. I mean we had, you know, that really rough patch in the middle of the month? a week of just basically we had two weeks of almost no momentum and then it bounced.

We bounced back last. Friday So yeah. I'm not sure I'll just have to continue to be mindful going into April as I start a new month I Want to build the cushion, not get too aggressive early in the month, just kind of try to build up that cushion a little bit, get myself into the driver seat on the month and then once I'm green. you know if we're seeing some good opportunities.

I can start to you know scale up a little bit but just to start gonna kind of dip my toes in the water, get a sense of the climate on Monday but today we didn't have very good momentum and a key. a KTX I didn't think it was gonna be good because I'm just so annoyed I traded it because I said I don't like it because that and the move started after hours and so extended and so I don't know what drove me to jump in that so high I don't know why I Let let that emotion get the best of me today, but maybe it's been a long week and wasn't as focused as I should have been. so that's it for today. I Hate to do a red day recap at the end of the week and then I'll be thinking about it all weekend.

But it is what it is. and the good news is that I'm still ending the week green I'm still ending the month green twenty nine thousand dollars. Although it's not, what I was hoping to do is is still respectable I'm probably my own, you know, worst critic and I hold myself I try to hold myself to a high standard and of performance. and if I'm not hitting that, it's frustrating.

So I know comparatively to how I was. you know a couple years ago or whatever. this is certainly good and I'm doing really well. But you know, when you get used to doing 40 50,000 60,000 a month a month where you come in 50 percent short is a little disappointing.

I mean it's just kind of like, you know, having that many red days having that red streak. It's just not something that I'm super pleased with. So I suppose my goal for April may be less than a monetary goal would be the goal to not have, if at all possible, a multi-day red streak. You know where I have a real drawdown, you know, and just to kind of start to get back on a steady grind.

If you looked at my equity curve for the month of March, you know it was. it was up and then down. a lot. back up and down I Mean it's just not as steady as I'd like it to be.

You know that adds more stress. You know when you're kind of jumping all over the place. up. five down five is definitely adds a little more stress.

so I'd like to kind of avoid that if I could. but it's on me. I mean it's it's on me to maintain emotional control, to be disciplined on every trade I take to focus on a quality set ups to not chase stocks and you know I'll obviously you know be back in the saddle first thing Monday morning and you know, walk you guys through what I'm looking at and hopefully I'll be able to be a good set, set a good example, and and you know, maintain discipline the way I say that you should and you know, point you guys in the right direction when it comes to good quality set ups. Today we were looking at the right type of stocks I just the entries weren't the entries and the sizing were the problems.

So anyways, that's it for today and we'll bounce back first thing on Monday morning. All right I'll see you guys then. let's be honest, if you made it this far, you must have really enjoyed that video. So what's stopping? You subscribe right here and get email alerts any time I upload new content.

until then. Happy surfing!.