What's up everyone? Alright, so third day trading here in Boston and it is my third read day. It's certainly frustrating, but let's keep it in perspective. So I've got my reports here. This will show you where I'm at.

basically in the last was the last 90 days. So this includes my trade from yesterday so you can see here 90 days ago. these are the Green Day's the red days are down here. So I'm in this little you know kind of pullback right here and on the chart.

This is what it looks like, so you know if you were looking at this as a stock chart you'd be like oh, it's a nice pop pop, a little consolidation, nice steady grind up and a little more consolidation right here. This little pop. that little pop was my $13,000 green day on Friday and then the last couple days have gone sideways. So keeping it in perspective you can see detailed here: $335,000 in the last 90 days or so.

You know when I look at it like that, it's kind of a reminder that yeah, I'm red today and the last three days are certainly frustrating, but it's not that bad. So we're gonna go over all the trades from this morning in the midday market recap and I'll walk you guys through what I did right today, what I did wrong and what my plan is for tomorrow. All right everyone. So we're gonna start breaking down the watch are the the trades here from today? let's say I just want to reset my camera so hopefully you guys will have will be able to see the cam I Don't know why it's turned off, but let's say in any case, you can see my trades from the morning right here.

Let me drag over my P&L Started with a good trade on NSP are made about two thousand dollars on my first trade and then gave back most of that profit on the second trade and went into the red on the third trade. I ended up having four consecutive losing trades today, so you know no doubt about it. it's continuing to be a grind for me. In fact, I think this is my longest consecutive red hot streak.

You know that I've that I've had I don't think I've had the Rican sec you t'v Red days before, but I want to keep it in perspective so you can see here this is this right Here was the first day of February I had to read days in a row on the last day of G anywhere in the first day of February and now this month has been really difficult for me. I Had a great day on Friday $13,000 but then it's just been another two right days in a row and then today's P&L will go up here later today. So what you can see this right here is where I'm at, right? so that kind of puts it in perspective. It's easy to get hyper focused on just the day each individual day.

I'm red today and that's frustrating. I was red yesterday and that was frustrating. I was red the day before and that was frustrating. So when you're zoomed in like that, it feels very frustrating when you're just looking at the last three days five days.

But when you step back and look at the bigger picture for me, it reminds me that this is just all part of the action. This was this nice move up here. a little bit of sideways, then curling back up through here, a little bit of sideways. You know, this day right here.

that was a $13,000 a day. It's just a blip on the radar. so even the big days are just a blip. and they're the red days here.

These this all just part of the noise. So there's no doubt about it. We are in a market that's choppy and I'm having a hard time trading through it. It's not the markets fault, it's it's just I'm not good at trading a market that's choppy.

There's definitely two different types of markets. There's a market where stocks are really, really strong, and we see big moves, big breakouts left and right. And then there's a market where stocks pop up. They do false breakouts and they drop right back down and that's kind of what we're in right now.

So I'll back this out here. As you know, so this is big picture so they try to keep it in perspective. Yeah, it's disappointing to have a couple of rad days, but that's the pullback getting ready for you know, the next leg up and and historically even over I don't actually I don't think this will show more than 90 days, but even if I went back two years of time, you would see the same steady kind of up and down, up and down but generally moving up. So Zn yeah, that was one of the ones that got me for a thousand bucks.

Disappointing there. This was a false breakout I jumped in at $4 and we'll go to happen it's you know, kind of kind of crazy. um you know I I'm not sure what to think about it. as soon as I get in it hits a high of 407 and then it drops 60 cents.

So I got faked out there I Got in for the breaks of thinking it was going to continue higher and then obviously I was wrong. So lots of thousand bucks on that. 20 cents with 5000 shares. First trade was on n SPR I got in this at 685.

Basically this was a really strong pre market so as soon as the bell rang I jumped in it got into 685. It squeezes up to a high of 780 which was good. 5000 chairs made about 2,000 bucks on it. It then drops down I get back in for the break over 750.

it doesn't break 750, it hits that level and then it drops I stop out and I lose 1700 bucks. So I went from being up 2000 up only 200 I then got back in right here for the break back over $7 actually sorry it was right here for the break back over $7 I thought this was again a 5-minute setup I mean it was a 5-minute setup but and that was the first candle to make a new high right on that green one. We popped up here to a high of 709 and then we dropped down to 665. so I lost about 400 bucks on that and put me red 217 on the name.

so for sure that's disappointing. and yeah I have had lag all day long on my East signal charts. so I was looking at the level too and I was looking back at the charts and I'm like what you know, why Is there a disconnect here what's going on? but there's just some type of lag going on. so yeah I don't know if it's fixed or not.

But anyway so NSP are down 200 ZN down a thousand and then the last trade of the day was H TGM this one I got in for the first five-minute candle to make a new high. you can see how it popped up here. Whoops! Popped up it tapped $5 and then promptly dropped all the way to 456. So again false breakout in a stronger market we would be seeing these break over 5 go too high a day, continue to move up, but instead you know false Breakout.

the drop back down to 72. I Stopped out, ended up going as low as 56. so it's definitely difficult because these are decent setups. There's nothing wrong with the setup and I think that's a challenge, It's It's inconsistent.

In one week, all of these setups work and you're buying a stock on this type of pullback and it's going up to 5 25, 35, 40 you buy another pullback, it goes up to 5, 65, 75, 80. But today and the last week and a half, it seems like what happens more often is it pops up like this and then it rolls over. And so you know, obviously short sellers probably look at this as an opportunity to short stocks. If it starts to fail, they're going to shore.

Plus everyone who had bought it for the breakout is gonna sell. And so now you have an imbalance between buyers and sellers that's stronger to the sell side. If you have one of these that goes higher, anyone who does short it will cover more. people will buy it.

You have an imbalance to the buy side. So right now the imbalance in the market has been more to the sell side on a lot of these stocks and that's what you know caused me to have these you know kind of draw downs. So my goal for Thursday and Friday is just to try to be profitable. And you know what if I make $1,000 or $2,000 in the first 5 minutes, I'll probably stop trading because I made a 2 thousand today and then I lost it and I made 2,000 on Monday and then I lost it.

So I'd really like to make that two thousand and keep it in my pocket. If I can do that on Thursday and I can do it on Friday, that's $4,000 profit and that puts me in better shape now. NSP are is kind of disappointing because this one could have been a huge winner, but I started with only 5,000 shares even though we went up a dollar per share. I was being more conservative on my share size because I didn't want to take 15 that 10 15,000 shares and have a you know tank on me and lose 7,500 bucks.

So I started with smaller size but that of course was the best trade of the day. So that's just luck of the draw I suppose. but you know and yeah, you know it's a good Curtis comment that you know a few months ago maybe I was consistent with a daily goal of $500 a day and I've increased my daily goal to $1,000 a day. that's my minimum goal.

but obviously if I hit $1,000 profit I don't stop trading because if I did that, I would never have days where I make 30 or 40,000 dollars like I've had in the last couple months. I would just have made a thousand and be like I'm done for the day. So you know that's the thing you when the market is strong or when you see good opportunities, you want to try to capitalize on them and that me continuing to trade even when you're past your daily goal. But you do stand the risk of going into the red and it's a you know certainly a kind of fine line that that we walk between continuing to be aggressive and not wanting to risk giving it all back and the the last few weeks it's been even more difficult.

excuse me? So anyways, you know that's kind of where I'm at today. Another red day. A little bit disappointing. I'm hoping that tomorrow we see some good opportunities, but I'm thinking that it is gonna continue to be choppy.

It might continue to be choppy until we have the next stock that goes up one hundred two hundred three hundred percent. Because that'll be when we really probably start to get traders excited about jumping into momentum stocks. And right now it's just gonna be a grind. So that's fine.

You can profit from a grind as long as you're quick and your scalp, but the false breakouts are difficult to predict because they're good quality setups that just don't work. And that's why no one is right. A hundred percent of the time. Over the long term, my accuracy has been right around 68 70 percent and so that means the remaining 30% of the time I'm wrong and this month is probably going to, you know, be a lower average, but it all just factors into.

you know, over the long term you're not right on our percent of time and this is just one of those months where I'm on the wrong side of these trades more than the right side and I'm a little bit in the red, but it will turn around. Trading the same exact setups a month and a half from now could yield another $100,000 a month. So this is the consolidation, the pullback before things start to open up and we start to get good opportunities again. And yeah, obviously I want to minimize the losses as much as I can during periods of consolidation and I'm getting to the edge of what I'm comfortable with on the draw down.

so I do need to ease up a little bit. I thought that big day on Friday that it was a sign that tides were turning and things were picking back up and then Monday Tuesday Wednesday have just kind of drawn back down. So now I'm kind of back to the where I was last week and I've just got to try to get small winners and capture that profit and be really aggressive about scalping 510 cents if that's all I can get as a beginner trader. I would say this is a good market to be trading in with a simulator to practice.

and if you can be profitable in this type of market, you'll probably be profitable in any market and it'll be a challenge to see if I finished the month in the green being down 10,000 or 12,000 dollars right now on the month. So I've got my work cut out for me to dig myself out of the hole. Hopefully I'll be able to and will you know, come out on the other side and go into a new hot streak. David You know the general comment on why the markets like this is just the ebb and the flow it's You know this is not different from what happened last April It's not different from what happened in September it's just the AB and the flow.

We have great great months where traders are exuberant and there's a lot of greed in the market and there's a feeding frenzy and traders are buying, buying, buying and then you have something that changes what? maybe it was with the market dropping a thousand points and traders become more cautious, more nervous, more hesitant. and they don't buy as many shares and more people are shorting and you don't see as much follow-through and things get kind of choppy. and then out of that there'll be a stock that comes out with terrific news, great news. and all of a sudden it goes up from $2 to $6 $8 and traders are back into the greed into the feeding frenzy.

And so the you know exuberance And that starts the next round of momentum. So that's all it is. It's nothing really more than that. It's just the natural you know flow of the market.

It's kind of like you know the tides in the ocean. They don't. They don't keep coming in forever. At a certain point they turn around and tide goes back out and you can't change that.

It just is what it is, but it will shift. It will change the transition point. It's a little difficult at times and then roll back in and we are back into another hot streak. So that's the way trading is.

It's the way it's always been. and that's why. there's no such thing as an equity curve that goes straight up. regardless of whether you're a trader or you're you know, a financial instrument.

You're the S&P 500. Nothing goes straight up, You go up, and then there's you know, tides change and you get pulled back. And this on the overall market is certainly a pull back. It's a contributor to what's going on now, but you know, back in April we had a little bit of a pull back that might have been a little contributor.

September You know September was actually pretty decent, so you know it's It's not necessarily correlated exactly what the market. although the market can trigger things a little bit. So anyways, that's about it for me today. Again, you know, trying to keep the red days as small as I can until things start to pick back up so probably could have done without that blast rate on the Hcg M.

But you know it, it is what it is I Thought it would break over five and get me a nice little winner and I was I was wrong on that. So anyways, I'll be back at it first thing tomorrow morning. Hopefully we see some good opportunity. I can finish up this week with a couple of Green Day's that's the goal Green Thursday and Green Friday if you're still watching, you must have really enjoyed that video.

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