All right. So I'm going to do a recap. go over today's trades today. Not surprisingly, was pretty choppy.

I Traded two stocks the leading gapper today up over 300% was a penny stock Frgt and you guys know I don't really like penny stocks now I did take a few trades on it and what's interesting is my trades pre-market I Didn't really have any issues with my orders I usually wouldn't but on the one trade I took at the open when I went to sell it, my order was rejected and it gave me a message. The message said risk check failed, risk check failed and so my order to sell when it basically hit its high was rejected and as a result I was holding when the stock dropped and got halted back down. So why did my order get rejected? Well, what a lot of Brokers do is they put parameters on their traders to automatically reject orders based on certain thresholds and one of them is if you place an order that is 10% outside the current market price. Now this is a problem because my hot keys to sell are a 10cent offset and so as a result trading a $1 stock or a stock less than a dollar, it would be 10% outside the current price.

What's interesting is I did not get risk check, failed once and I took my first trades on F Frgt when it was at a dollar. that was my first entry I traded from a dollar to a Do four do4 to A1 12112 to A120, $120 to A130. So I took a bunch of Trades made about thousand bucks on those trades going up I didn't get any risk, check failed orders but then at the open I did and unfortunately it wiped out all the profit I made and put me red on that stock by a, 000 bucks. So I'm red on Frgt by $1,000 Now as you know, yesterday was also a red day.

Yesterday was a bigger red day. Um, and so what I said was all right. I've been on a nice, you know, pretty steady increase here. but I just had a $10,000 red day yesterday.

So what do I have to do for today? We said number one, um, remove. This was based on yesterday's episode remove the buy button uh, specifically the hot key because the hotkey can allow me to be a little impulsive, you know I I can um all of a sudden shift one shift one boom boom boom boom boom boom boom I'm in 10,000 shares shift five I'm in real quick so I can size up way too fast and so taking away the button slows me down. Number two Capping um size share size at 10,000 shares now I actually increased that to trade f Frgt up to 20,000 shares because because it was so cheap. but I didn't feel like I was taking a lot of risk really because the the price is so much cheaper.

So I said yesterday there was a chance of having another red day today. As always, there's always a chance of having a red day. but I didn't want to have another red day like this. So by doing these two steps, while today is a red day, it is a smaller red day than yesterday.

All right. So I'm down 2,000 bucks $1,989 red on the day, red on frgt red on C4 4 and I didn't trade C4 yesterday I didn't trade it the day before I traded it today uh in two places. My first trade was as it broke over $6 a share which was uh, let's see um it was oh, where's my drawing tool? Well, I'll just get the arrow here. Um, so I bought first at $6 for the break of this daily level.

The price is a little higher now, so the range is a little bit bigger which I like. So my first trade uh, today was at 6 sorry, my microphone's kind of in the way. um and then my second trade I got in right here and on this one. I I kind of was like, you know what? I'm just going to hold this for a second.

Let's see if this thing just starts to pull away. so rather than take the profit when it went up to 75 and 85, I was like I'm I'm just going to give this a second. Now You know what I said yesterday was that sometimes after having a bigger loss, you start to get into this kind of you start trading around that loss and you're thinking I'm not going to just take profit I'm going to let this ride a little bit and see if I can get 50 cents a share out of it and I kind of did that today on C4 I had profit I could have pressed the sell button and been up but I didn't and then it went red. So and after that I was like you know what this is two two strikes I could go for a third and be out.

but I think I'm just going to take myself out of the game here. down 2,000 bucks is enough for me just to feel like like it's not happening. My window is kind of closing on the day and so that's that. Um so so those are my two trades on C4 which I I Still, you know could say I shouldn't have even traded at all because I really don't like the float on it.

uh it's not a fresh gapper. it's good continuation setup. The break of six was fine. this trade up here I mean it was.

It was a fine trade I just should have taken the profit and I didn't so that was the mistake on that one. uh which was imp influenc by yesterday's loss F frgt uh this this I this is the luck of the draw. Unfortunately with this um with this risk check failed um button it's it's really a shame. um there's just it just is what it is and it's happened to me before.

um so I could email the broker and complain and say hey, why you know I never got the risk check failed error all through here when I was trading it. why do I get it up here and I also didn't get it when I pressed the buy button I only got it when I pressed the sell button but you know, no offense to my broker but they all say the same thing no sorry I don't know, can't really help you. That's what they always say. there's nothing you know, they're just, they don't even know most of the people who work there, don't You know the most people who work at most Brokers don't know much as much about active trading as you or I do, so they really don't know and this is just the way it is with trading.

It's sometimes you get a bad fill, sometimes you get a good fill. we don't complain when we get good fills and I don't complain when I get bad fills. I just say I might be a little disappointed and a little annoyed, but at the end of the day this is sort of the luck of the draw with trading and I I I just there's nothing I'm going to do about it. So anyway, so it was very unfortunate because I was in this uh, off of this dip right here into the halt it opens, it goes up to 40 and it started to kind of stall out.

So I was like I'm going to press the sell button 35 or whatever 36 but naturally risk check failed and then it goes into a hall down and I didn't have time to enter a new order. So the the way this kind of works is that, um if I put an order at you know, probably way down here it's going to say you know what? This is so interesting. so it's actually not even giving me that risk check failed at an order at 58? Well no. so why would that be because it's not marketable because that's a buy order.

Well I could try I could try doing let me try with 100 shares I'll put a dollar or order A150 right? Okay, so I'll show you what this is doing. So this right here is showing me risk check failed. So that's what happened and there's nothing I can do I mean except go manually. Ah shoot, um no yeah it's halted I missed it and then then you're stuck.

So when you have fat fingers, um, like many of us do, there's just not a lot of hope. So yeah, today was a little bit discouraging. Um, you know and I really started today I started today kind of with all the right things. I I had a little bit of chamomile tea um no caffeine I was like let's keep it mellow today.

you know it's kind of funny cuz I saw this um this Yerba mate tea at the store and I was like oh I remember drinking this um when I was in my 20s I was drinking this so I was like I'll grab one of these and um when I was in my 20s um one of my friends was like this tea will give you like this this is like so great for focusing you should drink this and I was like all right so well I had a one gallon um you know like cider jug or milk jug and so he made a a thing of it in the in the one gallon and I started drinking it and I got this energy about me I was like wow I do feel focused I said you know what I'd really like to see right now is goddamn Mount Rushmore Who's up for going? Got in the car, drove 36 hours straight to South Dakota to see Mount Rushmore now I thought this was just Natural Energy um this this little drink here has 150 milligrams of caffeine in it I now only imagining what a full gallon of this um had and now I realize that this is actually not a decaffeinated uh beverage. This will give you a tremendous amount of energy. A level of energy that I don't need in my trading right now right now I need to slow it down I need to take it slow I took away the buy button buy button gone right now. So this buy button hotkey gone cap my share size.

Well lift it a little bit. but but it's the cap. Will be back and this is the cap for trading your typical you know, three3 to $10 stock kind of range. Uh, so I'm going to leave the yamate.

Um, I'm going to leave that one for another day. You know there were some days in 2020 and 2021 where getting Juiced up with a little bit of that could have really paid dividends. But in this market right now, slow down. Be patient and you know what? Yeah, losses are going to happen I mean this is this is trading.

The fact is I'm probably r my average I I allocate four red days a month. So right now I am on three red days. This is my third red day of the month. Often my red days do get clustered together because the market gets slow.

Um, but I sort of figure four red days a month and averaging, you know about 20% % of my days. 25% of my day. Probably 20% are red days. So losses happen Let It Be water under the bridge and then come back tomorrow.

And I'm telling you, you know if I sit down tomorrow we have a stock that's really strong and all of a sudden I'm I'm in the zone and I'm get a good trade from like 550 to six with 6,000 shares. I'm up three grand and then I buy the dip, pulls back I buy a dip at 5.95 and then it's at 640. I'm up another three grand. All of a sudden it's like whoa I look at my P&l and I'm up 67,000 It can happen so fast in the right Market when things are hot and then in the cold markets like this, it feels like so much effort just to make 100 bucks or 200 bucks.

But it's also very easy to go into the red Frgt. not my favorite price range as you know, but leading gapper and so I was like don't be, don't be biased, it's the leading gapper. It's the most obvious, take a stab at it, but my tools are not tuned to trading that kind of stock. and now out the corner of my eye I see uh, C4 has just gone up to $740 which is I mean it's frustrating to see that at the same time I'm only down 1,000 bucks on it.

like if I jumped back in here with 5,000 shares and then you know it flushes back to seven. I'm going to lose another I'm going to lose 1,500 bucks and all of a sudden the day goes from. you know H manageable to this is encroaching on. you know, doubling having two big red days in a row.

And now what that means is the hole is deeper. When I finally do start to turn around with some small green days, it's going to take more of them before. I've made back 50% of my loss and I can't step up to the plate with big size until I do that. So 50% of my loss yesterday was to make back five grand.

Well now I'm down on a $122,000 draw down. Um, because of because of today. So now I'm down 12 Grand off my height. Which means I need to make back 6,000 in sort of Trader rehab mode before I can add the buy button back and increase share size back to you know, 20,000 25,000 shares or whatever.

So this is unfortunate. um, but it's better for me to, you know, contain the losses, manage the risk, and recognize that you know some days you'll have a stock like this and it's like son of a gun. Why was this not willing to break out right here? such as like when I was in it CU that would have been certainly very nice. Um, well you know it dropped down.

It's below this resistance line. It busts through it here at 7 and then gives you a 50c pop. All right, that's great. I mean I'm I am I'm genuinely happy for you guys who traded it.

Um, it's good to see it up. It's better than you know. total rejection but it is annoying for the traders who had early entries, got stopped out and now it runs without us. But the worst thing you can do is slam that buy button up here at the top and now you're sitting here looking at the chart and you're like okay I am now down 25 This is selling off.

last time it sold off almost a dollar a share from the top to the low here. um how much am I willing to let this go red against me right? and you either get stubborn and hold and average down and it just keeps going lower or you cut the loss or you have the impulse control like I have right now. to say as nice as this is, I'm going to say I can't keep trading because of this right here. So um, you know it's it is what it is.

Stocks are going to go higher and it doesn't really matter what happens after I Call it a day because you know, While it's nice to see this move, the downside risk. You can't think only about upside potential. That's that's what a gambler does. That's what a fullon de de it does.

Uh, you have to think about downside risk. We can all tolerate the upside potential of when this works and when you fomo in at the top and then you get that Hail Mary Redemption and it squeezes up to 77. But let's just think for a moment about the person who didn't sell just there. They were like I'm not selling this till it goes to eight because I'm still down 10 grand on the week.

Well, now look at you. you're down 75 cents a share off of what was the high of this candle. and you have a giant false Breakout a shooting star That's a reversal indicator if I ever saw one. So uh, you know it's some someone was saying earlier.

Um, no one worries about where a taxi goes after you get out. Uh, but we certainly do worry about where the stocks go after we get out and that is a very good uh saying. And you're definitely right about that. And so the best way to stop worrying about it is to just close that window.

Boom, it's gone and not to look at it for the rest rest of the day. It's water on the bridge. You let it go and you come back and you do it again Tomorrow, You try again tomorrow and that's what? I do you know? So I'm going to be back at it first thing tomorrow morning. well finishing off the week tomorrow's Friday So I sort of have lower expectations for tomorrow.

This is going to be a red week. Um I didn't total out where I'm at on the week I Do think about it sometimes in weekly totals. Like all right. Well so I have one red day, but can I still be green on the week? That's not going to be the case this week cuz I think I was up 3500 on Monday and I think I was up 1,000 on Tuesday So that's 4,500 Then I lost 10,000 So I was still down 6,000 or five.

basically 5,000 So now I'm down 7,000 on the week. Um, yeah, I mean I certainly could make 7,000 tomorrow. It's not out of the question, but, but, but I'm just going to say this is going to be a red week. So let's just assume that maybe I'll make a 100 tomorrow, maybe I'll make a thousand.

Maybe I'll lose a th, but more or less. Whatever, it's still going to be a red week. It's not going to move the needle. So this will be sort of my my red week of of this month so far.

And when I come in next week, you know start to clear the Slate Try just focus on a quality setups and if there is nothing you know, that's kind of the question. Today I could have just chosen not to trade F frgt and I could have chosen not to trade C4 and it'd be a zero day instead of -2000 Zero is better than Nega -2000 so maybe I should have done that. Something to think about All right, So that's my recap. Hope you guys enjoyed it those watching on YouTube I Hope you hit the thumbs up I Hope you're subscribe to the channel and check out an episode that I'll upload or that YouTube thinks you'll really like it's a recent upload right there.

All right. I'll see you guys back here first thing tomorrow morning.