What's up, you guys? All right? So we're gonna do a recap here. Today was day one on the Traveling Trading Station and I'm in Martha's Vineyard and the challenge here is to try to trade for as little time as possible. Basically, get in, get green, hit my daily goal, and get out of there. I don't want to overstay my welcome.

Now this is my traveling trading station, so I'll show this to you for a second and then, um, we'll talk a little bit about the traveling Trading Station challenge, and then I'll get into the recap. So the way this is powered. I have two Falcon laptops here and they're both F-15 laptops. They're great laptops.

I like them both a lot. They're very good. This one has two Usb monitors attached and so this is the one that I'm using for trading. So I've got the laptop in the middle Usb monitor usb monitor.

So the way this is set up is my broker platform is on this laptop screen and then I've got my scanners and charts on this one and scanners and charts on this one. and then this computer is actually just for broadcasting the ultra low Nc broadcast to Warrior All Access members and for what I'm doing, the Youtube morning show. So I get everything, um, off of this computer over that computer and then I broadcast. So this is my little uh trading station right here, which it's kind of nice and I can walk out here and there's some grass over there and then I can come out over here and I can hang out and then there's the pool right there.

So the whole thing for me whenever I travel and go, you know, on vacation I I really don't take vacations where I'm not trading. You know, for the most part, everywhere I go, if I leave for a week or two weeks or whatever it is, you know I go somewhere and then I trade there. And I love trading so much that for me this is like a perfect vacation. It's a change of scenery.

it's somewhere that I can go and it's new and it's kind of interesting. But I get to stick with my routine which is every morning sitting down at the trading station you know, right around eight o'clock and then doing some trading for a little bit. So that's what I did this morning. I sat down around 7 45 or so and the first thing I looked at of course was my Gap scanner and I was like okay, Gap scanners this morning are not bad, not great, but they're not bad.

And we had a bunch of energy stocks moving up this morning so I sat down. We ended up having breaking news come out at 8 30. took a trade on that stock, it squeezed up over 100 and boom that was. That was the one that I got to my daily goal on.

Now the whole idea of traveling and trading to me, I try to reduce expectations. You know I'm not on my home trading station. Usb monitors are smaller. Even if I have them at the same resolution, they're smaller so I've got to kind of squint a little bit.

You know, I'm not in my trading. I don't have my desk, you know, I have the same computer so I have the hot keys. Everything is the same there. and I use the track pad on my laptop for my trading so I don't need an external mouse or anything like that.

so that's all fine. But you know the fact is, I I'm I'm not in my home kind of comfort zone and you might think, what does that really matter when you're trading. I mean, you sit down your laptop. You could be at a coffee shop.

You could be anywhere. But you know, distractions. And so this morning my son was with me most of the trading morning and so that was a little bit of a distraction that I don't usually have at home. Although at home of course I have June who's barking like crazy sometimes and she's not here.

So yeah, maybe it's a little bit offset, I don't know. but uh, you know for me, the other variable is internet and not knowing for sure how good the internet is so you know I do a speed test when I get here. I check the ping from my location to New York City of course so I can get an understanding of you know, how what my latency might be for for trading. It wasn't bad and I was like okay.

and this internet speed is good. They have fiber here in Martha's Vineyard. Um, at least I I assume that's what it is because this download speed and upload is the same and it's at like 220. So I was like this is phenomenal and I'm on Wi-fi So you know this is a house that I've rented and it seems to be.

The internet's great, so you know that's a variable. Because I'm not hardwired, I would prefer that. I don't honestly think that it makes a huge difference in most cases, like today I I couldn't I couldn't tell at all that I was on wifi and that I wasn't hardwired. You know, I couldn't tell at all.

I couldn't tell that maybe I'm like 100 miles further away from New York City than I am at my house. Like, not at all. Zero percent like? That's not an issue, so that was fine. Um, but you know, when you're not in your zone, you can sometimes be more likely just to make a silly mistake.

And what you don't want to do when you're trading and you're traveling is you don't want to end up taking such a big loss that you're then thinking about it for the rest of the day, right? Because then that kind of defeats the whole purpose of being able to just take a couple trades. Keep it low-key And hey, if you make a little bit of money, that's great, right? I mean, that's that's kind of the idea for me is if I can make a little bit of money, take a couple trades, then I can sort of enjoy the rest of the day and I can take it easy. So my goal right now for this trip to Martha's Vineyard is I'd like to try to make a thousand dollars a day. now.

as always, I'll say my results are not typical. You guys know that I've said it a million times. I'll say it again here. my results are not typical and so if I end up achieving a thousand dollars a day over the two weeks I'm here and I can make 10 grand, those won't be typical results.

The typical result of most beginner traders is losing money. so approach trading very cautiously. But my goal here is not and I don't expect to be able to crush it. I don't expect to have like crazy crazy home run days.

I don't expect to have a 50 75 000 green day. Could it happen? It could. Um, but I, I don't expect it. Now I have a couple of options for the way I can approach this traveling trading challenge.

One is, I can reduce my share size so I can't even allow myself, for instance, to take a 50 or 75 000 share position because you know, perhaps that would allow me to take way too much risk when I'm on my laptop. You know, with the sort of mobile trading station set up and it just it could set me set myself up for a big loss, which could then kind of ruin the trip in a way. So to prevent that from happening, I could reduce size big time. And I did.

Today I trade with much smaller size. I got in, I got green, I got out, I got in, I got green, I got out. I traded really low key and I was able to moderate my share size myself so I didn't put this restriction on my account. I was just able to be like, you know what, Take it slow, it's the first day after a long weekend.

no need to push it. However, if I find myself you know, at some point this week, pushing it a little too hard and being too aggressive, I may need to call my broker and say hey, you know, until I notify you otherwise. My max share size is ten thousand and one share and they'll put that on my account if I call them and ask them to. And just like that, I cannot take more than 10 000 shares, I can't do it.

so sometimes that's a good way to kind of like mellow things. Bring things down a little bit and the idea for me is usually I try to time my travel around periods in the market that I expect will be slower because then I don't really feel as bad that I'm not pushing as hard because I'm just like this is a slower time in the market anyways. So hey, if I can get in, I can make a little. That's great.

You know, if I have some losses, that's fine, but I'm going to trade with smaller size so the stakes are lower and that's kind of the idea here. So so today on Jan I was able to on my first trade make like 750 bucks, second trade made like 150 so got myself up 900.. And I sort of said you know what, anything over a thousand is great and really quickly I was at 2500 2800 you know And then from there I was like okay, well I'm just actively trading it, not with big size but it started to open up, It started to pull away and it squeezed from four, uh, up to 425 445, 450, 460, 470, 485. And as we got that extension, that's where I got myself to up a little over six thousand dollars on it.

I think six thousand seven hundred was my total profit on Jam, so you know my results are not typical. That was A That was a good trade and actually just like that, you know I'm at 60 65 basically of what my goal was for these two weeks. We got some action today. Now we might have another day this week or next week where there's nothing and I'm going to want to try to be content with not trading.

If there isn't anything just you know, really be mellow about it. so you know. And this is kind of my feeling that this is the mindset that I can bring with me anywhere. I can do it right here in Martha's Vineyard.

I could do it. you know, in Italy or in Europe somewhere. because I I don't like going away and not trading at all. Number One: I feel like trading is not that difficult for me.

So it's like just do the one to two hours a day and then like on a day like today. if I make 6 500 bucks, that's phenomenal. Doing that for 10 days. that's a substantial amount of money that helps pay for the trip.

You know what I mean Like that's that's a lot of money. but at the same time, a trip is supposed to be about relaxing. And you know, really the whole idea with trading is to try to be independent. So I kind of think that a lot of traders get so sucked into the market that we sort of lose that independence.

You know, we sit down early, we we don't take our eyes off the market until it closes. and if you're trading from 4 a.m pre-market until 8 pm end of after hours, that's not freedom, right? That's a that's a 16-hour day or something like that, right? So that's a super long day. Now, if you're trading the crypto markets, you could be in front of the computer 24 hours a day, right? So you have to find some balance. You have to kind of regulate yourself.

and when I take these kinds of trips, it's an opportunity for me to sort of go back to basics. Get in, get out, stick with the strategies I'm the most confident in. and usually when I take these kinds of trips and I make this sort of really affirmative effort to take it slow, focus on good quality setups. usually my accuracy improves, and then when I come out of these trips, I can have sort of a nice boost of confidence because I'm like, hey, you did a good job Now there have been times where I've taken trips, and you know, on the first day of the trip I'm jet lagged, I'm tired, and I end up taking a really stupid trade.

This happened to me, uh, twice. About one time when I went to Italy, I landed and sat down and I was like, oh, you know, the markets. the market's about to open, sat down, traded and lost like eight thousand dollars like that. and then, uh, another time when I was in Italy I had three back-to-back or two back-to-back really big red days and it was just like so brutal and it really weighed on me for sort of that period of the trip I was like I just felt so crummy and so sort of.

The takeaway from those trips was know when you really should just leave it and not trade. So if you're really exhausted, if you're really tired, if you don't have good internet you know we plan as much as we do. But sometimes you know life happens and you end up not having good internet and then you're like all right Well I guess. Um, you know this is what it is.

I I don't want to push it so or that's the smart thing is to say I don't want to push it and then you can always come back and you know, try again another day. So that's kind of. Um, you know, those are a couple of lessons that I kind of had to learn the hard way. but you know it's fine.

I learned them and now I'm I'm I'm pretty pretty good on them. So on this trip the goal is just to get in. Get green. A thousand dollars a day.

That's kind of my minimum. I really want to get over a thousand, You know, on a on a green day. If I can get to 2500, you know, four or five grand. That's fine.

I don't think I'm probably going to have a lot of days that are much bigger even than today because we'll either need stocks going up a hundred percent like we had today you know, every day for the next two weeks or I would need to size up with bigger size on the 20 30 movers and I don't think this is the right time to be sizing up. We're still in a bear market, you know it's now summer so this is the time to go a little slower and I'm gonna see if I can really make this a nice two weeks. where I get in, I get green, and then you know I go out, I go sailing, I go ride my bike, I do stuff with my kids, and you know, I get this sort of other extreme of the work-life balance where I make trading as small a part of my day as possible, both mentally and in the actual time. And I think that that's important to do sometimes.

and if you're going to make it a small part of your day as possible, you want to focus on the time of day, you're going to do the best and the type of stocks you're going to trade the best. So my goal is to try to make this a 10 hour work week where I work you know, basically an hour, two hours each day this week. and if I can walk away with you know, a thousand dollars a day or something like that, that's job well done. I'm gonna be very happy with that.

So today's day one in the books and I'll be back at it tomorrow. You know the fact is, I'll only do as well as the market is willing. you know to give me opportunities and there's nothing I could do about that. Maybe we'll have a great Gap scanner tomorrow.

Maybe maybe we won't, but I'll take what we have. I'm gonna have this window of time each day where I'm gonna try to be aggressive you know, within reason and just consolidate my trade into that one two hour window and we'll see how I do So today's day one in the books. be back at it tomorrow, and I'm hoping for a nice Gap scanner so I can find one or two trades and kind of like one and done. Get in, get green, get out.

What I don't want to do is give back profits and then get into this cycle of over trading, try to make up losses. I I don't want to do that. Not today. Not not this.

Not these two weeks. This is the time to really like relax as much as I can on trading because we know that trading can be stressful, so sometimes a change of scenery can be a really helpful way to sort of press the reset button. You know, with Trader rehab with saying okay, I'm going to be super disciplined because I'm doing this thing and you don't need to be a millionaire trader to have a change of scenery. You know that's not, that's not what you need.

And you know, for me, I don't need to be a millionaire trader to do a couple hours in the morning and then go ride my bike with my son for the rest of the day. Or go to a park. Or go on a 14-foot sailboat from like the 1980s. It's probably worth like a thousand bucks.

You know, I'm not on a yacht. I'm not doing any of this fancy stuff. I'm You know, I mean I'm yeah, I rented a house, but this is. this is for me.

Like all, keeping it super mellow. just like taking it easy, making a little bit trading, and then enjoying life. And it's summer. You know? we've got a short summer season here, so let's try to enjoy it.

If it's going to be a bear market, well, I'm going to not spend as much time fighting a losing battle. I'm going to get in, get green, and get out. so that's the game plan. I'll give you the recap here today, which I hope you guys enjoy.

Reminder: As always, trading is risky. My results are not typical. There's no guarantee not going to give you any guarantee that you'll find success. so take it slow if you want to learn from someone who's been doing this for a long time.

check out more of my videos here on Youtube I think you'll really enjoy them and I'll see you guys first thing tomorrow morning for the live Day Trading morning show. I'll go live, you know, sometime between 8 45 and 9 15 depending on what's going on in the market. All right, I'll see you guys then. Okay everyone, so we're going to do recap of uh, trades from the day.

Um, it's it's early. it's only 10 Am, not even 10 am. But this is day one of trading on my traveling trading station here at Martha's Vineyard and my goal was to come in, hopefully take one or two trades and be done for the day. I ended up taking more trades than I could count.

I don't know how many trades I took, but I took a number of trades on Jam and I finished in pretty good shape. I'm I'm really pleased. I had said that I wanted to hit at least a thousand dollars and if I could get 2500 or 5 grand, that would be terrific. And I'm sitting at 5 500 in my main account plus uh, 700 in my sorry, 700 in my main account and 5500 in my retirement account.

So about sixty seven hundred dollars of profit on Jam. Reminders always that my results are not typical. trading is risky. We make no guarantee that you will find success as a trader or that you're more or less likely to succeed as a trader if you're learning from me, trading is risky.

Uh, this morning Jan was the stock that I got dialed in on. So let's back it up here to the beginning of the morning. uh with jam. News came out at 8 30 right here and on this candle it spiked up to a high of 333 and then formed a 10 second micro pullback.

On that micro pullback, I bought the dip at 4 30, 4, 38, 4, 35 and on this candle it pops up to 3 81. Sorry, Three, Yeah, 338 335 pops up to 330 381. I took some profit off the table. Uh, I didn't get a very good fill on my exit.

One order was a good fill, the other was not as great of a Phil, so I was a little bit annoyed. but that's the way it goes. It then rallies back up here to a high of 412. and then it sells off and then right here.

I got back in for the break. back over volume, weighted average price. This is an inverted head and shoulders pattern right here and I added for this break here through 412 and where I did. the absolute best was right in here with a long about four and then adding right in this area at 430 440 and that break we I didn't expect it.

I mean we ripped through 455 460 straight up to five and that was our cleanest candle of the day and I sold most of my position way too soon. I sold it at i don't know, 65 or 70. I didn't think it was going to go. I mean it just.

I was surprised. Micro pullback here, which I added on. Now that was a one of my bigger positions of the day and I thought we were going to get continuation. We didn't.

So stopped out of that flat and a couple more trades in this area. but now since the open it's been kind of choppy. It's been pulling back so you know I did the best I could on it and I traded it. I don't know 10 15 times and I'm shutting it down.

I'm happy with where I sit right here today. I'm also. you know I haven't lost sight of the fact that last week I finished um Red. I was read last week so if we look at my my calendar for last week, let's see.

So last week I had a very small green day on Monday and then read on Tuesday and read again on Wednesday and this was gross before fees and commissions so it was a little bit bigger. red with fees and commissions. so I was. I was down about 16 000 in these two days.

Seventeen thousand. Well eighteen thousand. call it twenty. We'll just round up a little bit.

so twenty thousand dollars in the red. We made back sixty five hundred on this day so still finish the week down about fourteen grand. 13 grand. Uh so.

and then of course no trades yesterday for Memorial Day and today up about 6 000. So I'm still down about, you know, 8 000 or whatever it is. 7 000 off my high of month? Um, you know I'm aware of that. And so in other words, I'm still digging myself out of the hole a little bit.

Um, let's see, I'm looking for. I just want to look at the month of May. So I was at 64 000 gross, but only 47. Net fees and commissions were higher this month.

So today, uh, it'll put me over a little over 50 000 on the month, which is good, not phenomenal, but you know it's it's good for me. And uh, yeah, this would be kind of where I sit right? So 52. So the high month was 63 and then started to pull back a little bit. All right, So hopefully I can have, uh, a good start to the month of June starting tomorrow and can recoup.

I guess the rest of the 10 000 or so that I'm 15 000 that I'm still down versus my high. And then as I look at my equity curve on the year, you know we'll be moving through, um, you know, through new highs. So definitely it's been a sluggish year. Green, no doubt sitting at 365 000 or that was my high.

So sitting at a little over 350 right now, so you know it has to be tracking for less than a million dollars on the year, which is certainly for me, a slow year compared to the last two. But at the same time it's green. It's profit, and there's a lot of traders out there who are have been very successful traders who are red on the year because the market has been, you know, as as difficult as as it's been this year. So I'm proud to be among the ranks of the few traders out there who are green this year.

So I do seem to have something that's working and I know that when things pick up, I'll be here ready to swing hard. and, uh, capitalize on the opportunities. But there have just been fewer opportunities, so you had to have to be a little bit more, uh, a little bit more conservative not try to swing hard at everything that moves and that's a tough one for me. I like to step up to the plate, but you know Thomas is putting in perspective there.

He's saying he's makes 68 000 a year in his day job, so you know that's that's a full year of working, probably 40 hours a week with maybe two weeks of vacation. So if I can do this in a 10 hour work week, that would be phenomenal. I don't know how many hours I've been work trading on average this year, probably from about 8 a.m 8 30 until 10 30 average. So it probably has been about two hours a day average.

Uh, this year we haven't. You know. There's been a couple days where I've traded later, but not not too much. So yeah, um, but commissions have been disproportionate percentage of my profits this year, and that's because there's been a lot of churning.

You know, making money and then giving it back, making money and then giving it back. So that's that's sort of a indicator of being in a bear market. It's just choppier. You think something's gonna start to open up, you size up, and then it kind of rolls over.

So kind of continuing that cycle you could just see it's it's marked by all of these whips, you know, up and then back down. So in that period of time, I didn't make profit. but I generated commissions and then back up and then back down. So you know when you lose, you're losing.

but then you also you have to make it back and you're going to burn commissions to do it. So this is not a super efficient way to be trading where you're doing three steps forward. Two steps back, Three steps forward. Two steps back.

Like, if that's you know it, you wouldn't run a marathon like that, right? But uh, but sometimes that is kind of the way it goes. And you know, when it comes to sailing sometimes. Um, you know, I've got the sailboat out there and I was sailing last night. Sometimes you are moving away from where you plan to go.

uh, before you come back. So it is sort of like taking these long steps in the wrong direction to get back to where you're going. so the quickest route isn't always a straight line. And um, in this case, yeah, with trading.

this has been my path this this month or this year and it's not the smoothest, but you know that's okay. If we looked at uh, from September to the end of last year, just this sort of comparison. Had a couple of pretty solid months. Um, it was pretty steady.

you know, a little bit of chop. But but the the progress was. I mean, I was having Huge green days. You know from from time to time, so you know you look at that on on a calendar and you're going to see.

you know. Fifteen, Thirty thousand Fifty Seven thousand dollars. Seventy eight thousand Fifty Seven thousand dollar a day is forty two thousand dollar days. I mean, these are Huge green days.

So right now this year, uh, I've only had a couple of I think I've only had two days where I was up over fifty. I think I had one day where I was up around 100.. so you know it's just been. Um, we haven't had as many stocks that have had those kinds of crazy parabolic moves, but that's okay.

Uh, when when they come back, I will be here to capitalize on those opportunities. And in the meantime, I'm keeping my head above water. And that's what I would encourage. just adjusting expectations, reducing your uh, your daily goal target, and being content with just trying to keep your head above water right now.

That's what this year is going to be about. and if you can survive this year in a bear market, you are building a really strong foundation for your future. so that's it for me. I hope you guys have a great rest of the day and I'll be back At it for day two of the Traveling Trading Station Challenge first thing tomorrow morning.

All right. Reminders always. trading is risky. My result's not typical.

There's no guarantee of success, so take it slow. I'll see you tomorrow. 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.

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