What's up, everyone? All right? Well, we're gonna do a quick recap here. Break down the trades from this morning: eighteen thousand dollars on Sj, a little bit of profit on Btx, a little bit of profit on Acy. Finishing the day up 22 000. not bad.

20 000 is my daily goal. Broke through that today. I broke through it yesterday, but then gave back half, finished up only 10, and I finished. I was up around 22 000 on Thursday before the long weekend.

So kind of, uh, right now, content with kind of hitting that daily goal and then easing off the throttle. It feels like a choppy market. It was definitely choppy on Acy and Btx. and it's everything.

today that I looked at was choppy. so I'm kind of waiting for the next round of hot momentum. We had some hot momentum a couple weeks ago. with Nfts, we had some hot momentum before that, with, uh, cryptocurrency? Obviously, we had Gamestop and the sort of continued momentum around there.

So sort of waiting for that next catalyst that really sort of propels the stock and gives it sort of that parabolic momentum that starts a new round of hot trading. And until then, I'm trying to be patient. get some gains, walk away, and not overstay my welcome as a reminder. As always, trading is risky.

A lot of beginner traders lose money, and this is a market that's very tricky because it's so choppy. You've got to be very quick, take the profit, and don't overstay your welcome. So that's been my approach. It's been working well.

uh, better today because I'm walking away sooner. So I hope you guys enjoy the recap. As always, make sure you hit the thumbs up and subscribe to the channel. This coming Thursday will be a Thankful Thursday.

I'll start streaming a little bit earlier those who are subscribed and get the notification when I go live and I will stream a little bit later. 100 of my trading profits from Thursday will be donated to charity. so I'm looking forward to Thankful Thursday. But uh, I hope you guys enjoy the recap.

As always, we'll get back at it first thing tomorrow morning with the morning show and hopefully we get some, um, a little bit better momentum. But if it's just a base hit market, I'll keep trying to hit those base hits and wait for you know things to really set up for that home run trade. All right. Hope you guys enjoy and I'll see you tomorrow.

All right, we'll do a little uh recap here. It's uh, coming into 10 a.m and I'm taking the profit off the table. Uh, seems like things are getting a little choppy. Nasty false breakouts on Phun right there and right there.

Nasty false breakout on Btx right here. Oh, that was a bad one. That was a bull trap. It broke.

it did a one minute micro pullback under the V app. It broke the V web. it hit 845, then immediately reversed flush down. panic, selling all the way to 746 and it really didn't even bounce.

It just flushed and then there was acy this one. Uh, I got, uh, caught a little high buying. Um where was it it was? It was somewhere around here. Oh, I think it was around here.

I bought for the break of 16. I bought a dip, ended up holding through this five minute pullback. adding off the V-wap it comes back up to 14 15 78. It couldn't break through and didn't.

It just immediately started. I don't know there's big sellers, it just wasn't holding and flush down. I stopped out of that, uh, it's now this coming right back up. it's for us.

But then look at that again. It's frustrating. That type of choppiness is hard to trade. So look at that.

look at that rejection in one candle. A dollar a share. So now you know you. you jumped you.

You stopped out here and you finally said, you know, screw it. I'm getting back in and then immediately it does it again. And that's why sometimes the best thing to do is just get the heck out of the market and call it a day. So that was acy for me.

Choppy. My biggest winner was Sj. Sj and Btx were our two leading gappers this morning in the entire U.s stock market. Sj gapping up 59 percent Btx 78.

I trade both pre-market Uh on uh, Sj. I traded it as it started squeezing up. right here, looking for the break through this pivot of 1414 right there and then looking for the break through this level here and then the break through the high. We got a break through the high and it hit a high of 15.

it did a micro pullback and then a false breakout on the one minute. right? Um, right here as it was unable to get over 15 big seller flushes down comes down. Then I did dip off the volume weight, average price and it rips back here up to 14.98 Not bad. I was looking for the break of 15.

then I do another dip trade in this area. I'm added into it long held into the open, added at the open 1507 or 1508 1509, it rips up to 1550. I took it off the table into that squeeze, it then flushes down. I tried to do a dip off the low down here and I stopped out of that and lost maybe 2 000 off the top.

and this has faded since the open Btx. my pre-market trade on that. I was looking at the long of the break of, um, what was it? It was actually um, 855. Not a huge range on this stock all things considered, but super choppy so not a day to overstay your welcome.

I wanted to get green and stay green and then walk away. So this makes it my third green day of the month. You know, I've had a couple close calls Yesterday I gave back half my gains. Today I was positioned to potentially give back half my gains if not more on acy on my sort of aggressive hold here and then average down off the V-wap it did hold.

so I did end up not getting sort of nailed on that one. But then this fall split breakout flush. It's just super choppy. Um, I was just saying a moment ago how when the market picks up and it's hot, it feels like night and day.

it's like whoa. You know, stocks like Gamestop that just the the buying volume is so incredible, it's just so strong and they just rip halt after halt after hall and it's then you get you get sympathy momentum. Everything else just seems like this rising tide lifts all ships and right now we're definitely in that that ebb. You know, we're in that sort of slower period where I haven't had a day where I made more than a hundred thousand dollars since February.

I know that that's like very first world problem, but um, you know. I mean the fact is, the month of March for me, uh, was was good. It was great. It was actually the best March I think I've ever had, but I didn't have any individual day that was like a record breaker.

Uh, February was a great. well. it was a rough start to the month, a great finish to the month, an impressive recovery with one two hundred thousand dollar green day thanks to Gamestop, January, a four hundred seventy thousand dollar day in the two hundred thousand dollar day back to back, and then a hundred thousand dollar day thanks to Gamestop. So Game Stop.

Uh, and costs are the two stocks I have made the most money on in my entire career, entire career. So those, um, you know, those two stocks right now account for. Let's see in my P L net year. To date, let's see.

Um, those two stocks account for roughly 50 of my year-to-date profits. I think it's about 750 000 and I'm up 1.5 million in net profit. So two stocks, 50 of my profits. That's pretty impressive.

Very interesting that I've kind of been like doing so terribly on Mondays. Um, I, I'm going to draw a correlate. So this. here's here's what I think that's related to.

My yesterday wasn't great for me. You might know why I was exhausted. Uh, the weekends are exhausting. Being a um, you know, like you know, full-time dad on the weekends with a toddler uh, and an infant who's not sleeping and is up all night and up early in the morning.

I just am not sleeping well. And during the week, monday through Friday because work is my focus, I'm a little bit more sort of. I I don't know if I get better rest, but um, I get a little bit better rest, during the week. And so I would say that this is sort of a life circumstance thing that's caused that.

If I'm going to be totally honest, it's kind of. I didn't even realize it was to that point, but um, you know I don't. I mean, I don't know if that reflects in other Um careers as well, that dads and moms of young kids coming in on Mondays just suck at their job. I don't know.

Maybe uh, don't. Maybe I'm going to not schedule my dentist deployments on Monday mornings. ever? I don't know. I I don't know what to say.

Maybe it's just me, but I feel a little bit better today. I was up kind of late last night still, and I was up early this morning. um, with our infant. But you know this is a this is a window in time that is a little bit more difficult for me and I also want to be grateful for it because these windows close and then they're gone.

So it's just certainly when it rolls over into the trading day and then as a result I have a really bad day or I just am not making. I just don't feel dialed in. That's tough so I don't know. I guess I should be more mindful of this Monday issue because that is not.

If we look back, I don't know. Um, you know, seven, six, One twenty twenty to seven, or eight nine, one twenty twenty. Uh, this was not a problem on Mondays. so this is sort of a new problem.

Um, so something I have to kind of be mindful of that. I'm coming in with a little bit of a shorter fuse, not as well rested on Mondays. No, My biggest loss was actually on a Thursday. and that was my birthday this year.

So that was not a Monday. that was. that was. that was my own thing.

That was a Thursday. Um, that was a little bit different that was. But I had lost on the on that Monday and I lost 100 grand. So that was a bad start to the month.

And then I lost on that Monday February. So those were my February Mondays. Those are big losses. My January Mondays were not especially profitable.

Another Red Monday there, and yesterday was a close call. So anyways, that's where I'm at. Um, where I'm making progress on the month of April. Three green days in which is great.

Tomorrow's Wednesday, then of course Thursday and Friday come to the end of the week. Hopefully I can just kind of coast a little bit. I would love to catch another big parabolic momentum trade, but I'm waiting for it. I'm stepping up, but it just hasn't happened yet.

So um, got to be patient. The market. You know. Trade.

The market you're in. The market is a little slower right now than it was in January and February. I saw an article about retail trading reaching the lowest levels of 2021. That makes sense after hitting the highest levels of course, during the game stop and following the game stop sort of saga.

So that's not shocking that we're seeing a little bit of a lull and it's probably going to be a matter of waiting for that next uh, stock to do something crazy and just you know, confuse people and get some traders back off the the sidelines and back into the market. But you know we we. It's also possible that I've I've had periods where it's been slower for more extended, um, you know, periods of time. And what I'll tell you is that it's not a great time to be trading in a small account.

It's not a great time to be taking your first trades with real money, but it is a good time to be trading with small size and or practicing in a simulator Because if you can make money during choppy markets, then that trains you pretty well. For when the markets are hotter, you know, if you only make money in hot markets, well then yeah. What do you do when the market does cool off for a period of a month or six weeks? You know, do you just do you lose money? Do you just trade sideway? I mean, I don't know, I'm just thinking out loud, but um, it's good if you can be sort of dialed in enough that you can be profitable, even during choppy markets. And and I seem to be grinding during these choppier markets.

Not on huge gains, But you know I'm keeping my head above water and all things considered. I would say I'm actually doing pretty pretty darn well. Of course that's with you know all the experience I have you. You would hope at this point that I would.

So anyways, my results are not typical. As always. trading is risky. Most beginner traders do lose money.

This is the type of market that is more likely to cause those unnecessary losses because it's so choppy. this thing flushes. Then a second later is back to green. That's tricky stuff, so manage your risk, assume things will fail, and you know, just practice.

Try to reduce the emotions. Right now. This is not a good time to get super emotional. It's going to be if you get really bent out of shape because you have a big loss.

This is going to be a difficult time to try to recoup those losses. So it's better just to try to dial down the emotions. Trade with smaller size trade in a simulator. Just practice remembering that every day you gain experience.

you know it's you're. you're you. You're coming out with something, even if it's not actual profit. it's experience.

So um, yeah, um and Adam. So I always say you know, look at this. So is it, What's it gonna do? What's it gonna do? Look at that that just dropped. How do you possibly trust that at that? At this point it has failed so many times.

Um, is this the time that it's gonna rip. You know if it broke over 16? Yeah, you know I. I would generally think that looks like a a long. I mean right.

But is it just going to be a bull trap? Is it just going to trap traders? That's now a topping tail on the one minute? Yes, it's on higher volume. The high was 1596, but you know it's probably gonna happen. If I was going to guess, maybe it breaks 16 by like five cents and then drops all the way back down to 14 and halt's going down. You know that's that's probably more likely.

and this is hard. whether you're long or short. If you're short, you keep getting stopped out and then it goes. If you're long, you keep getting stopped out and then it goes.

So it's it's hard. both directions your risk is lower If you can buy off support and buy dips for sure. but it's It's tricky kind of. Either way, you look at it.

So but yeah, that question. I always say most beginner traders lose money. Um, as a disclaimer of the the high level of risk, I wouldn't. I don't know what you would say about experienced traders Do most experienced traders lose money there? It kind of feels like by definition if you're an experienced trader that you would perhaps that part of being experienced means that you're profitable, but that that maybe is just not at all true.

You could you could be experienced and have a lot of experience and not really be particularly profitable. Um, so yeah, I guess I could say both beginner and experienced traders have a high likelihood of losing money. but it it seems to me that with more experience you would that that risk level would go down. It's especially risky for a beginner who comes in not knowing anything about the market, just shooting from the hip, taking wild guesses.

That's where you're highly likely to lose. Typically we would say as you gain more experience, the more you practice, you know you would hopefully be making better decisions. That's not true for everyone. It's not true for all of us, but I have seen.

yeah. so that question. Have I seen experienced traders blow up accounts? Um, you know it depends on the definition. I I've seen experienced traders take huge losses, catastrophic losses that will force them to maybe add more money to their account or drops their account way way way down.

Um, but if they're experienced and they have a history of making money, they're most likely able to recoup that. They just would of course, not want to have those losses happen very frequently. But yeah, I, I don't know. It's it.

It's it's hard. These are questions it's hard to really know the answer to. unless someone is voluntarily sharing and being truthful. And what they're sharing.

Which you know. we know how social media works. People paint a picture of themselves that is sometimes very different from reality. so it's hard to really know.

Look at this Sj curling back up so you know it's just a choppy market that we're in right now. But uh, I'm gonna try to not overstay my welcome. So the best thing I can do is shut this down Because for me, it's so easy for me to get drawn back in. So I just shut the whole thing down.

I take the 22 thousand dollars off the table, which is kind of interesting because I've been that's about the same as what I made fried Thursday. I made 23 yesterday before I lost half and I'm up 22 today. So I keep coming up to like 20 22. I don't know what the deal is with that number, but um, I kind of just keep coming up to 22 000, 23 000.

and then that's where I kind of hit my head. and I'm I'm done. So I don't know. But whatever.

Hey, 20 000 is the daily goal. so that's probably why I'm very content with just stopping here, not over overstaying my welcome. Okay you guys, so um, that's the recap. I'll be back at it first thing tomorrow morning.

Obviously, right now I am trading less. um, than I would in a hotter market. I think that's the right approach some might feel. Man, he comes in, he's only here for an hour.

Even in a really hot market. I don't usually trade till 4 pm. I don't think most people do. statistically.

people try to make their money and get the heck out because we all know trading is risky. so if you get green, you want to hold on to it and then you know, get the heck out of the market. Try it again tomorrow. So it's important to learn that discipline.

But of course, for new traders that want to just sort of practice, you're welcome to be tuned into the chat room and see what people are watching throughout the day because there are some that log in at odd hours and trade or that do trade longer than I do that, maybe just have a bit more, you know, a bit more discipline and kind of ability to maintain good decision making skills for longer in the day. So anyways, that's it for me. I hope you guys have a great day and I'll see you all first thing tomorrow morning. And that right, there was an entire video with no ads.

I don't monetize my youtube channel with video ads, which means you guys get to enjoy the content. But do me a favor, Please hit that subscribe button and give me a thumbs up and let Youtube know that this channel is the channel to watch if you want to learn about day trading.