What's up everyone? All right? Well-read day recap. This month has been interesting, you know. I started with a big red day I had seven green days and then now on the other side of the sandwich. another big red day down.

$5,800 I think I'm just letting the FOMO get to me a little bit. You know we're seeing some really big movers in the market haven't been able to fully capitalize on them cuz they don't fit into my strategy. The price is too high, the risk is too high trying to make it up on other stocks and then just you know, when you try to force it, you try to swing for a home run when it's really not a home run setup. you get corrected and you know it's what's happening to me here.

So the good news is I'm still green on the month. The good news is really only gave back two days of profit. So it's like you know, two steps forward and two steps back. But I'm still.

You know, net positive and one of the really important things, if possible, is to take a lesson out of a loss. And I got a really good one today that we'll talk about during the midday recap. There were a lot of things that kind of contributed to me having a red day. The way I traded these stocks you know, was not totally on point and watching my students do better on them than me, it's just like I'm really happy for them.

It's awesome, but it also really is like a reflection of like wow, you mess this up you didn't trade it for right? You didn't trade it the way you normally do the way you should have. and why was that? It's because this morning I came in and I already had a short fuse. You know I was coming in with half a tank of emotional composure and it was gone real quick. and then you know I just kind of got a little sloppy.

so you know, step back for me. A Red day. Good time to kind of re-evaluate, get some composure and trying to come back. you know, a little bit more recharged tomorrow Thursday and Friday as we finish up the week goal will just be to have green days.

If I can make $1,000 Thursday Friday then you know what? I'll be green on the week which is awesome you know I Setting the bar low in terms of how much green but being green is great. Any week your green is a good week. you know to red to Green Day's a big red day. You know to small green days and just getting back into the green and just kind of clear the slate.

That's what it's all about. All right. So enjoy the recap today. Red Day recap.

These are always hard. Give me a thumbs up for doing the red day recap and throw down questions and comments below and I'll come back and answer them later this afternoon. All right. so you guys first thing tomorrow morning.

All right everyone. So we're gonna do our midday market recap here. Go over the trades from this morning, you know. overall today kind of a bummer of a day down.

Five thousand Eight hundred, twenty eight dollars, Green on two names, red on two names a KTX Forty six hundred dollars of profit on this one. You know this was a tough one because it was sort of a grinder. As you can see it, it didn't give you know through this whole stretch here. there really isn't a single clear and obvious you know five minute bull flag or anything like that.

There's a couple little pull backs but none of them are are really clean and so it's kind of hard for me to get low risk entries on it. Despite that. I made forty six hundred dollars which was which was good ALR and was a small scalp off of the scanners I Thought this was sympathy momentum because it's also a therapeutics company and so maybe $800 on that dff n This is one that got me pretty good and you know this stock has gotten me a couple times in the past and it's probably going to go on the be very careful how you trade it list, you know. I I Jumped into this one out of the gate.

well not right out of the gates but it started squeezing up and did a little micro pullback right here at 580 which I kind of missed and then as it popped up to six I bought it or took my start or right as it approached six dollars and so on that one, let's see my first, my entry on it was 91, 93 and 99. So about four thousand shares and then I added at 6:15 628 and 644 and 619 as it was squeezing up. you know and this was one where I was just too aggressive. It hit a high of 50 and I was looking at that thinking okay, if it breaks over the half dollar, you knows it's breaking the the two hundred here.

We've got a great shot at hitting seven dollars, so you know I added into the move with my starter at six and then adding up here. So I ended up having 15,000 shares with an average cost of 620 and then on this one-minute candle it flashed down to 566 and I'm down like 60 cents per share, you know I gave it a second right through here and then I stopped out on this candle. Here you know which was the right thing to do and and this speaks to the you know the risk would taking big share size both with slippage and you know just the fact that when you step up to the plate and it goes the wrong way, it can be pretty bad. So losing $7,800 there's a full 50 cents on 15,000 shares which is really disappointing.

So as of that trade, I was down about six thousand dollars, I was up 1,800 on a XTX or a KTX and I was down 7800 on dfn Know it was like you know, all right. Well, my goal today is no longer a Green Day I'm gonna try to cut the loss in half. If I can cut the losses in half, you know that'll be. You know that that would be fine.

that would be great. So you know that's kind of what I set out to do just to start digging myself out of the hole. and I went from being up 1,800 on a KTX to up 4600. So you know I made you know, like whatever.

twenty-five hundred dollars or so you know, scalping a KTX as it was moving higher and that helped me cut the losses down. So you know at that point on this one I was scalping these pull backs and again, I mean it's like I said, there weren't really clean and super clear setups on this on the five-minute chart and even what you're seeing right now you know is not easy. It's got 37 million shares of volume. You know this is just not the the easiest stuff to trade.

it's just choppier, but you know I was able to make a little bit back on this on a couple of the low-risk entries. I Had so many trades today, it's you know, kind of just. you know You can see these are all the trades today so you know I took a lot of trades I was a little overly aggressive I'm actually dug myself out of the hole I was down only 2,400 bucks and then Le NS popped up and on this one I took a starter at let's see at 40 right right here. Coming out of this first halt I took a starter here and then I added 10,000 shares up here at 90 I don't know like 90 90 looking for the break over two dollars and then you know you see it.

came back down here to 59 and I ended up stopping out on this candle here so you know it's like I just wasn't feeling it today and at this point I'm like alright I dug myself out of the hole and then with like you know kind of ten small trades on a KTX and then on this one you know on Le NS I just gave back all that profit. So today is just not my day. Basically what this will mean is I'm giving back two days of profit I'm giving back the profits from Monday and Tuesday. So I'm starting over on the week here which is, you know, a bummer, but at the at the same time, it's not really the end of the world and it's certainly not a loss that I can't recover in.

you know, one or two decent days of trading I Think The only thing for me that's disappointing about it is just that this month I've had a couple of really good-sized losses on GSB earlier in the month on the first I got really, you know, nailed on that one, taking big sighs and then here on D FF n a second really big loss. And so what that's gonna mean is that my profit loss ratio for the month of March is not going to be really good and I'm probably gonna have a negative profit loss ratio where my average losers are bigger than my average winners and that of course is the result of these types of trades. Now the reality: I Think that this speaks to the biggest challenge of being a breakout trader. Which is that when you're a breakout trader, what you're essentially doing is buying stocks that are pretty high.

We buy high and sell higher. And that's certainly in contrast to the you know, buy low, sell high, you know type of thing that some people will talk about. We buy high and we sell high and on something like a KTX You know it's not to say that that can't work. You know there's forty five hundred dollars.

You know that speaks to it working. but when it goes badly, you know when it goes really badly When you know what happens is you end up buying a stock like something like D FF n for a scalp over a half dollar. you add thinking it's gonna maybe go into a circuit breaker, halt and move higher and the bottom can fall out of these. And of course, there's really no way to be buying a stock like this down here because you never would have seen it.

You know, wouldn't be on any of your scanners or anything like that. So you know we're always kind of looking for stocks that are moving up and the opportunity to buy the first pullback. and on this one. and I guess something that can be very frustrating is the fact that in a strong market stocks don't pull back, they just run.

You know, they just totally take off and you don't get the opportunity to buy the first pullback. So if you don't jump in, you missed the opportunity completely. And here's Elian s You know this is gonna kill me. You know that it's back up at the highs, you know.

First five-minute Campbell to make a new high. So you know if I'd held the whole thing well, you know it might be green, but you know rules are rules. and if I'd held the whole thing down here at 46, I would have been down. You know even more.

I'd probably be down $55,000 on it. And if I didn't sell it at 46, What? I've still held it at 36 and 26, You know. And at what point is it just like crazy Now with a stock like D FF n some of these once I have the potential to move really fast. They're the highest risk, highest reward stocks because when they work and BP th is an example of that, when they work, they can pay off really really well.

I mean you can get easily a 50 $75 per share winner now 15,000 shares? it's $15,000 Green Day and no doubt about it last month I had several days like that. Last month I had an $18,000 Green Day a $12,000 Green Day a $9,500 Green Day So when it works it works. you know when it doesn't work it hurts and really like I said my goal today and after that big loss was just to try to you know try to. It wasn't to try to make back all the losses, it was just to try to reduce the loss and I did a good job of that on a KTX and then on le NS I just got I just got too aggressive and you know it's nothing I didn't have the right idea.

it's just that my timing was a little off and you know it is what it is. So you know Today's a day where I'm down ten thousand on losers, I'm up five thousand on winners and I'm down five thousand overall, you know. So just kind of a wild day. Lots of trades you know.

So in my my challenge to break over a million dollars, you know I went from being only 17 thousand away now to 23,000 away, you know? So it's like this has been it's I mean I'm saying it's been tough month, but only in the sense that I've had a couple that my two kind of biggest days of the month. we're both red days. You know, having a big red day on the first day and a pretty big red day here. these are the two biggest red days I've had in the entire year.

This month we've seen a lot of we've seen emotions running really high in the market and one of the things that I always talk about is you know, capitalizing on those emotions and not falling victim to them. But I think you know on several of these trades. I've been stepping up to the plate trying to, you know, swing for the fences and hit a home run seeing that other stocks were giving home run opportunities and I had missed them and you know, kind of like wow, I missed this one. Maybe this will be the next one and you know that that can get you into a little bit of a jam, so you know.

Fortunately, today, like I said, it's not that big of a setback for me, you know, relatively speaking and all things considered, you know. But here we are. at this point, last month I was up like $75,000 on the month you know I had a great start to February you know I was having 18 $19,000 Green Day's like back-to-back but you know this month I missed a couple of the good opportunities and then we've had a couple of stocks that have been grinders and I'm not as good at trading grinders as I am at raiding breakout setups. You know this is definitely a breakout setup here and I'm just gonna feel frustrated that I you know was so aggressive.

You know going into it here I mean it just really frustrates me. You know to see it up here at 2:22 and it's like you know I You know it's just it's a frustrating thing. but but the reality is in the context of right here you know I got in here I added up here and then I flushed back down. So I was like alright, we'll give a second and then you know that's your exit indicator.

You know when it drops like that it's You don't want to still be holding that because next thing you know you know it goes lower and so you know rules. Rules are rules and you know it's alright. One of these things like you got to kind of look back on your statistics and say well, you know today's a day where you followed your rules. For the most part, you're on the wrong side of the market and didn't really pan out the way you wanted it to.

But following rules is also why I'm up. You know, well, five hundred thousand dollars last year and you know a good hundred and forty thousand dollars or so this year so you know it's it's about the big picture. You know it's very easy on a day like today just to get tunnel vision staring it like this stock or something else and try to revenge traded and you know, get back in it and I'm gonna get back. What? I Lost and you know if I sat here for the rest of the day, could I make back the 3234 hundred I Just lost on that trade? You know, maybe I could.

But one of the things I talk about is each day you come in with, you know, kind of a tank of what would you say, maybe emotional? what's the right word? I don't know a tank of sort of of patience and ability to maintain composure. and this morning I came in with a half tank. I was frustrated about last night the the webinar that we ran the feed breaking in the middle of it. That was extremely frustrating.

I was pissed off this morning I was having a problem with this computer and I was just like you know I was sitting here 9:15 just ready to smash this computer. so just so frustrating. What's wrong with this? you know dang computer. This is crazy and I was like wow, okay you got to take a breath.

You are running hot today and you know when you're running hot, you're coming into the market with a half tank and that's when you know you can just say you know what I think this is going higher Boom. There's a 15,000 share order and you're in it and you start taking out some of that aggression on the market and you know if you're if you get lucky, maybe that'll be a day where the market is crazy strong and not a little bit of extra aggression that you had convinced you to take 15,000 shares instead of the regular 5,000 and you'll have a homerun. but most days it's not gonna work that way and today it definitely didn't and I just kind of got myself more and more frustrated. and you know I was once I started making back some money on a KTX I was like alright, you know you're good.

Yeah, that loss NDF a fan. that's frustrating. whatever Elia s that one got me right back to like alright I'm done for today. This is ridiculous and you know the longer I sit here and watch it, the more frustrated I'll be that I'm the guy that's down $3,400 on stock.

that's up 188 percent you know, but it's the way it sometimes goes. and again, like you said, like I said, if if I just keep tunnel vision like this, I'm gonna get myself more and more and more frustrated and one of the best things you can do sometimes is shut down the computer, get out of the office, get some fresh air, and once you're outside, it's kind of like just put the day behind you. You know I mean I I'm trading with big numbers so you know pretty much every day is you know, four figure day. you know, up 3,000 down, 3,000 up 18,000 down I mean well my biggest read day is 8,500 so far this year.

So you know this is not the biggest read day of the year, it's the second-biggest but you know, whatever, it's only this year I've had today is the 47th day of the year. I have had seven read days and 40 green days so you know today is one of the seven days so far this year I had to sit here do a red day recap but I will bounce back. You know I've been here a million times before I always bounce back you know I guess the question is what could I do differently? You know on a day where I come in and I already know that I'm running high and I'm frustrated and I'm just in a kind of not a great mood. What can I do Because you know the fact that at 9:15 I was like you're you're clearly you know feeling pretty upset and frustrated today and I knew I was coming to the market in that state.

Would that not have been my cue to say alright, maybe today we should cap share size at X amount. You know what I mean Maybe today isn't the day to come in swinging with 15,000 20,000 shares, you know? can I jump over here to my trading window and put a warning on share size and say you know what, Then put a 5,000 share warning and I'm gonna not allow it. Boom Done! And maybe that's the thing to do for me, you know. And if it means on that day, that dang it, you know we ended up having a huge runner and because I limited myself I didn't make as much on it.

Well maybe that's okay because the downside of these types of days is that I do something like I did today. which is, you know, get overly aggressive, take a really big loss, you know, aggressively try to dig myself out of the hole and you know eventually this is the whole thing with digging yourself out of the hole as you start getting aggressive on things that you might not ordinarily tre. typically I'm not trading at 11:30 in the morning or 11:20 in the morning. 11:15 in the morning, you know.

But here I Am on Le NS You know, taking a trade at 11:09 you know what's the matter with me? This is, you know clearly I'm in my tunnel vision getting very aggressive and then that's how you get boom, knock, knock back down. So you know with the loss comes a lesson that's the best thing you can make out of it. And if I'm able to take that lesson and apply it to my trading for the rest of this year and you know it prevents me from having a day where I lose ten thousand or fifteen thousand dollars, you know, then this fifty five fifty eight hundred dollar loss was totally worth it, right? So you know I think that that's kind of the the takeaway for me. Yeah, this has been a month with a couple of big red days.

The green days have been decent four or five six thousand dollar green days. but I haven't had any home run green days this week I've had or this month I've had a couple of good strikeouts you know which is is definitely not fun. Unfortunately I'm still green on a month and but that forty thousand dollar monthly goal is it's not gonna happen. You know, with this type of trading it's not gonna happen with more red days like this and it's not gonna happen without a couple of big green days.

So I think this is gonna be a month that I'm gonna have to adjust that goal to the downside. You know, instead of setting an expectation of forty thousand at this point, we've got 2, 4, 6, 8, 10, 12 days left. you know, 3 times 12 is 36. So I mean if I do maintain the $3,000 per day average that I've had this year, you know I guess I could come in at 40 over 40,000 but I need to stay focused and we'll see.

Maybe it's better to just not set a goal and not be too fixated on it. Or you know, set a goal of just 20,000 and make it very easy to hit that goal I'm not not really sure just yet on that. but I think that I think the bigger thing is just the mentality of coming into the market, not trying to swing for the fences, but just hit some base hits and and be really mindful of that emotional state that you're coming in with because it has such a profound impact on the way you trade. and sometimes, like I said, you know, sometimes a day like today I get knocked down and tomorrow instinctually I'm gonna come into the market typically aggressive and sometimes that pays off.

And the day after a red day I end up hitting a home run. but I've also had multiple red days in a row. you know what I mean and and that's where you have to really kind of, you know, find that sense of balance a KTX Yeah. so I see your comment there? This could be the next BP th And that's what's in a lot of people's minds, you know.

But what I'll say is that with 41 million shares of volume I don't expect that's gonna happen BP th On the day that we got the big move here, it had. Let's see by the end of the day 36 million shares of volume and the bulk of that was in the afternoon. So a KTX could give us a big move. I Don't think today it's gonna see eight or ten dollars and again I could be wrong.

and you know we may see opportunities later today. But you know my my tank in terms of emotional composure and the ability to be a really solid trader at this point is done for the day. So it is what it is. You know it's like sometimes you get it's like what I talked about with that the race car driving stuff.

You know you push it too hard and you know you go into the wall, you go off into the you know, into the dirt you're out in Vegas and you know and that's it. You know you can't just you know, you mess up your car, you're done. You got to walk away, you blew it and you know you come. guys, spend some money, fix up the car, come back tomorrow, come back in a couple days or a week and in that time you get to settle back down.

you know you don't want to crash and then go right back out with a with a new car. like you know, five minutes later you're just asking for trouble doing that. So, but we're trading. That's what happens.

You close a trade Combe your right into the next one, You close a trade, you're right into the next one and it can snowball. So today the good news is I prevented snowballing, you know I I Dropped to my all-time low today of about down 60 100. Dug myself out, dug myself out, was doing well, and then knocked myself back down and was like alright, that's it I'm done. It's alright.

be back at it tomorrow and you know again. it's not like I'm sitting here down $60,000 you know I mean it's it's not like I just gave back months of progress I gave back to days of progress. It's not a big deal, but you know it's just the the emotions that come with this and that's one of the hardest parts with trading is, you know, even though I'm only down 5,800 bucks and it's really no big deal, it can feel like such a big deal and it can feel so frustrating. and it can feel probably just as frustrating as it feels.

For some of you guys who you know haven't had a green month, you know in the last three months you know you're trading in the same you game or more frustrating. frustrating. Frustration is frustration. You know, are you more frustrated than me? I Mean it's when you feel that you feel it and so it's learning how to.

you know being the presence of those emotions without acting on them and that takes a real strong sense of mindfulness. So you know I Really encourage you guys to attend the mindful Monday sessions with Ted the Fomo Friday sessions that he hosts. You know, inner Circle students. You're welcome to book one-on-one sessions with my personal trading coach I'll be booking a session with him for sure this week, you know, just try to get my head clear and get myself focused so I can get back at it.

But yeah, so you know this is Eliana Cena of course. Good thing I didn't I'm impulsively jump back in it way up here, you know which? But I know there's some people that did. You know some people gave into the emotion and said forget it. I'm getting back in this thing.

and you know that's how the snowball days. They just get spiral and spiral and spiral. and next thing you know you're giving back tens of thousands of dollars of profit. So anyways, read de recap.

It's not the worst read day of the year. It's not gonna be the last read day of the year though. These days happen. so just gotta take them in stride, not beat yourself up too much.

With the loss comes a lesson. Write it down, follow a rule, make a rule out of it, and just try to always be a little bit of a better trader. So try to be a little better tomorrow. I'm gonna take a note here to write down this this new rule for myself about.

you know, doing that, that that check in in the morning? What's your state? Adjust your share size based on the state. I think that's something that I should be doing that I haven't been doing so. Anyways, I will see you guys first thing tomorrow morning. I've got some one-on-one sessions with students this afternoon inner Circle students so I will see you guys later as a reminder All Warrior Pro students this week for St..

Patty's Day We're gonna send out emails for you guys to upgrade to the Inner Circle if you want to upgrade inner Circle and be able to have one-on-one sessions with me with Vince with Mike with Selina and with arson and really the whole team of traders Roberto all of us alternate one-on-one sessions. It's kind of like a round robin thing so you can book sessions with us whoever's available. We'll do a session with you and it gives you an opportunity to kind of, you know, found some of these ideas against another trader and if you're up against a wall you feel a little frustrated. It can be a really good tool that you can use to help kind of break through that.

So we'll send out some emails for you guys to upgrade those of you who have been thinking about it. I'll give you a little bit of a discount I make it kind of a no-brainer for you guys. Alright and again, those of you guys who tried to attend our workshop yesterday and got kicked out because we lost connection. That was frustrating.

but I will host an encore I'm working with the team, schedule a date and we'll you know we'll be back at it. Okay, that's it for me. I'll see you guys all first thing tomorrow morning. Oh hey, I didn't see you there while I was just working on the dream board for my next home run trade.

Hopefully it comes soon. Until then, make sure you subscribe to get email alerts any time I Go live or upload new videos. Until then, Happy surfing.