What's up everyone? Alright, so finishing the first day here in Boston in the red, which is obviously not how I wanted to start the week. This has been without a doubt a frustrating month and it's kind of reminding me of April last year where I had an incredibly strong two three month streak and then all of a sudden momentum shifted, the tide changed, things slowed down and I had to adjust and today giving back some of Friday's profits the $13,000 I've fried it was awesome, but not keeping all of it in my pocket, unfortunately pushing it a little bit too hard. So I'm hoping that things start to turn around a little bit more either later this week or early next week. But right now it feels like I need to just kind of grind on small numbers and be happy with five hundred dollars a day if that's all I can do and stop trying to swing for five thousand dollar days.

So that's it for me. We'll break it all down in today's midday. Marco Recap All right everyone. So we're gonna break down the trades from today.

Definitely, You know, a little bit of a grind here. You know it's it's frustrating. I'll be the first to admit this is the crazy thing with trading. The job itself is easy.

Trading is extremely easy. The hard part is dealing with the emotions because right now having some losses is it's just par for the course. I mean it's There's nothing really that concerning about having a slow period. You guys could see my P&L right here.

obviously losing 60 200 bucks is disappointing. making 13,000 on Friday That was really great. So you know it's two steps forward. One step back.

It's not a big deal to have losses, it's just the way it takes this kind of toll on you emotionally. You know right now I'm up whatever 110 thousand dollars on the month or on the year. And if you said Russ you know you can eat. you can choose.

You either make a nice and steady 20,000 a month of 20,000 a week or you have one week where you'll make 60,000 and the next week you lose money. which would you prefer and obviously everyone would prefer just slow and steady gains. I mean it's this is the same with the overall market. You know what would you prefer that you put your money into mutual funds and it just slowly and steadily goes up? You know, year after year I mean you'd obviously prefer that.

But the reality is, you have these drops like we have right here and you have it as an individual trader. Also, you have these slow steady grinds up. but then you have pull backs. You have a dip here.

you have a dip here. you have a dip here. And it's how you you know handle the emotions of it that ultimately determines whether or not you'll be a trader for the long haul or whether you're gonna end up getting impulsive revenge trading and just you know, blown up your account. So for me here, being down 6,200 on the day is for sure obviously not how I wanted to start the week.

It's disappointing. It's frustrating. I think the hardest part is dealing with the transition from having really big winners almost every day for the last three months November December in January I was routinely having $10,000 winners I want and you know, I made 13,000 on Friday So but the fact that it was happening almost every single day and then to have this switch something that was really hard for me last year was this transition transitioning from having incredible days in in 60 2015/2016 in this and 17 - all of a sudden having this you know, April of 2016 2017 things started to slow down for me and I ended up closing the month in the red and the hardest part was dealing with the transition from making $5,000 a day to having a hard time making well to making maybe only a thousand and not being happy with it and continuing to push. continuing to be aggressive to the point where I would give back 2,000 I had and ended up turning it into a loss and that's kind of what happened today.

I was up $1500 on my very first trade on Dare this morning. so let's look at Dare d8 re So I jumped in this with 10,000 shares at 335 and 340 and I sold. Started scaling out at 348, 357, 358 and 355 which overall was a great trade right out of the gates 1500 bucks I was a solid winner and I was like alright, you know, looking good and I'm not you know done with it yet I'm gonna go in for the next trade So that was that first candle that squeezed out of the gates. it pulled back I got back in on this red candle at the time it was green as it was squeezing up I got in at 37 and 40 it popped up to a high of 45 I was looking for it to break back over the whole behalf dollar and sell it at 350 355 I was thinking about maybe adding at 350 so going back to 10,000 shares but I didn't and I ended up stopping out at 326 for a $700 loss.

So now I was up only 880 bucks on the day and I was like all right, you know 880 bucks is still a good day. still a good day. Then we have a DMA hit the scanners a DMA hits the scanners and you know you can see this is what the chart looks like. It's not very pretty so this hits the scanners, it pops up to a high of 358 and then it drops down and what I usually say is okay, let it drop down.

We'll buy the first pullback and so as it dropped down and started to curl back up I tried to get in right here and I pressed my hotkey and you know this is one of those things where it spiked up so fast I thought I was getting filled right around 470 I got filled at 488 and 495. I mean I literally bought this at high of day. You know that's the downside of using hotkeys because when you press the hotkey it sends in order to buy, you're not typing in the price you're willing to pay. it's just based on the the current price.

and so I ended up buying it a little higher. decent amount higher than I thought. So and in any case, even with an entry at 370, I was expecting it to break over $5 and that's what happened. it dropped down.

So I stopped out at 221 and that was a $3500 loss. So just like that I went from being up you know having been up $1500 on the day to being down like 2500 or so and I was disappointed by that because you know I had just been in the green and now I'm in the red. so a little bit frustrated and looking for the next trade and the next trade was Dare Da Re So on dare I Was looking for the first 5-minute candle to make a new high which was right here I thought that the first 5-minute camel to make a new high would be over 309. Well, I knew it would be over 309 and I thought I would get in at $3 to get in a little earlier.

So I got in at $3 As you can see here with 15,000 shares being a little bit more aggressive. However, it's a good five minutes. set up. First five-minute cable to make a new high break over the V web target would be at least 325.

and if it holds up possibly back too high a day and you can see what happened, it dropped. Let's back this up here. So this is this is the moment of you know where frustration starts to set in because you get in, it pops up, you see the green volume, and then it slams back down. It reverses hard from 310 all the way back down to 272 and I had to throw in the towel.

I stopped out to 75 to 76 to 74 so gave back another 3,500 there. So that's it. You know, three losses and I'm done for the day. That's kind of my rule of thumb because at that point it's just starting to get frustrated and if I keep trading, I'm just gonna get myself more frustrated.

So you know right now we are in a very interesting market. February has been the hardest month for me since September and it feels kind of the way things felt in April of last year because in April I had just come off a really great hot streak. a five six month hot streak and then I finished the month of April down $4,000 So it was like what's going on? This is crazy. How do you go from making a hundred thousand one month or eighty thousand one month to making to losing four thousand the next month? This is nuts and it wasn't just like I had one huge loss that you know wiped me out.

It was lots of small offices like today. In fact, today is my let's see one, two, three four. This is my fifth red day of the month. It's getting a little bit ridiculous.

I've had five five out of eight days have been red which is way above my my target I had to read days in January which was good I had oh no actually sorry I had three wretched red days in in January three red days in January not a single red day in October I don't remember November December that well. but you know, in any case, having five red days and we're only in the eighth day trading day of the month is obviously not impressive so you know what's happening is I'm having a hard time adapting I'm having a hard time bringing down my risk I'm having a hard time not jumping on things when I start start to see them moving because you know in the past in the last few months when we start to see something squeeze like a DMA it goes. It goes from four dollars to five to five fifty to six dollars. and yeah you buy it I would buy it hyper HAP's at four seventy or four ninety.

but it wouldn't really matter because I would it would just keep going. And right now we're you know, seeing not as much follow-through Now again, it's kind of the ebb and flow. Traders start to get see a little bit more of this choppiness. they get a little more cautious.

What do they do? They either trade less, they trade a smaller size so they take profit sooner. And when you multiply those behaviors times a million traders out there, it obviously changes the way the market behaves and so it kind of almost becomes a self-fulfilling prophecy. You're nervous, you're hesitant, and other traders are as well because you're reacting to the market. and now you've got a million traders who are nervous and hesitant.

And then on the flip side, when things are hot, traders get a little greedy, they get really aggressive, they're getting big winners, and they're trading with bigger size and they're holding longer. and they're waiting for the bigger move. and you multiply that by a million traders and you get these really extended moves where stocks are squeezing 50, 60, 70 percent on a bull flag break out. So you know those are sort of the two extremes.

And right now we, well, we have. We have transitioned. We transitioned. I I guess I don't know.

The transition day I suppose would would have been the 31st of January Not for any particular reason why that was the day, but that was a red day for me and then it was also a red day on Thursday the 1st of February. So two back-to-back red days and then since then we really haven't bounced back. Friday was a great day with 13,000 and profit. but other than that, it really hasn't picked back up.

So yeah, so we had the transition and now we're kind of in this little bit of a lull and generally when you have a low, it'll be this way until you have a stock that surprises everyone. a stock that suddenly goes from $2 to $8 in one morning and all of a sudden traders are like holy cow, This momentum is back. right and the next stock that starts to pop up. Traders jump on and it compounds and the the new cycle has begun.

But between now and the next cycle beginning, we have to be able to. and I say this mostly to myself. adapt the strategy to try to reduce risk. It's not as good of an environment to trade with really big size again.

Friday was a great day and I trade with big size, but we're not seeing big days like that. back to back to back to back I need to be more content with smaller size and even on dare or on a DMA Or you know, any of these trades taking 10 15 cents of profit when I have it instead of just holding it for this bigger move and being more careful about buying stocks that are that are a little bit more extended. so I always have a hard time transitioning between hot periods and cold periods and I get stubborn and kind of frustrated I don't want to give in to trading with small size. Part of me just feels like it's not even worth it.

What's the point? I can make $100,000 in a good month. What's the point of coming in every single day to only make $4,000 in a month like I might as well just not even trade. wait till the hot streak comes back and then trade? It's it's that's the feeling. So it's like why even bother if we're not seeing good momentum? But you don't know when the hot streak is gonna pick back up.

You don't know whether it's gonna be today or tomorrow or the next day. so you just keep coming in. every day you keep trading and looking for momentum and when you do see something like Dare that's up 60% pre-market you think, well, maybe this is gonna be the one. And you know, like I said last week, you'll Usually, if you really do a good job of transitioning, you'll usually miss the first stock that really takes off because you're being conservative.

but once you see the temperature is changing and things are picking back up, you can be quick to you know start to be aggressive on trade set up 2, 3, 4, & 5 or whatever. So I don't know what my goal is for for tomorrow or for this week actually I have not yet had a red week on the year every week so far I've been Green last week was a close one but then I got Redemption on Friday with 13,000 dollars profit. So here I am down 6,000 on the first day of the week. I Guess my goal would just be to try to finish the week green.

so you know if I can make $1,000 you know for the next 4 days and maybe I do end up getting one nice winner. Got myself back to break even on the week and again I Want to try to close the month in the green I think 10 $15,000 is kind of my target right now, but we'll just you know. kind of have to see how things look today. The best trade was the first trade right out of the gates and the rest of them were really choppy for me.

So I don't know. maybe tomorrow, just go for that first trade and then slow down a little bit. but you know if you guys look back on the mid day recaps I Did mid day recaps to every single day through 2017 and you saw there were these these same herbs and flows from things being really great in the spring or in the winter fat January February March - slowing down in April and then this long period of grinding and then picking back up in October November December So now you guys will see that if you go back and look at those and just recognize that this is part of the market. you have apps and flows and it certainly you know it's like you know you feel like a Tom Brady who you know missed an easy pass and the Super Bowl I mean it's like you know this is this is crazy but you come back and get back at it.

whatever you know and it's just the way it is. You can't win them all. You have these ups and downs. So the hardest part, like I said is dealing with the emotions of the ups and downs.

The Act I mean unless you're dependent on every penny you make trading. but I'm not and so you know right now. Yeah, I paid myself a hundred grand for January and I can live off that for quite a while. and I don't need to draw money out of this account I Don't like seeing it going sideways, we're dipping down, but um, you know I I'll just grind through this slow patch and know that things will be hot on the other side.

I Just have to try not to dig the hole too deep right now. My drawdown: I think from high of year to the low of last week was like fifteen or sixteen thousand and right now I'm kind of halfway in between. So I Want you guys not to feel discouraged or disappointed because in a lot of ways, right now for beginner traders, this is a great opportunity to study. go back and watch those old recaps of hot markets because when the markets do pick back up again I Want you guys to be able to capitalize on it.

You know when traders join the class is because the markets are hot. It's like, you know that's awesome, Like you're inspired. You're excited. But you're not going to be able to really take advantage of the hot market because you're gonna spend your first three months training.

So you know, unless the market is really hot for a full three months, usually it's six weeks on, eight weeks on, and then it slows down for a month or whatever and then picks back up. that's more common. So those of you right now who are studying take this as an opportunity to really focus, practice, discipline, exercise that concept of you know, one-and-done take one big trade, one winner everyday, and and be done three trades a day. At most, there aren't going to be five, seven, eight equality setups every single day.

That's very rare. If you can find one or two a day, you're You know you're doing good and you can make good money on those. So anyways, that's it for me. You know day one in Boston not the way I Want to start the week, but it's okay.

we'll be back at it first thing tomorrow morning and hopefully you know start to turn things around and get myself out of this little this little rut and hopefully we see a little bit of better follow-through in the market. But until then, take the profit when you have it. So you got money in your pocket and you know it's unrealized. You want to sell it and you know, lock it up.

That's what I've not been as good about and it's hard to do that with 15,000 shares because obviously 15,000 shares is a, you know, really big position. So anyways, HT GM a little bit of action there. maybe you guys will check it out, but I think that's it for me and I'll be back at it first thing tomorrow morning. All right, see you guys Then if you're still watching, you must have really enjoyed that video.

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