Oh hey, didn't see you there I was just pruning my green topiary trying to forget about what happened today I got owned lost about $5,000 probably wondering how it happened. but don't worry I'll break it down in today's midday market recap. Alright guys, so although I barely feel worthy of doing a midday market recap I will break it down. So what happened today? Well, I took four trades and I lost on three out of four, closing the day down five thousand, three hundred and seventy dollars and I was actually green up until the last trade and then that really knocked me out.

So this is obviously a disappointing way to end the week. Nobody likes to end the week with a red trade or a red day. It's also disappointing to have two back-to-back red days: I lost 4,000 yesterday, another 5,000 today. The good news is that I made 10,000 on Wednesday So although this is, you know, two steps back, they're really only giving back one day a profit and I'm still closing the week up $5,000 So I started the week right around 40,000 and equity and I'll finish right around 45,000 I Opened at 50,000 this morning, but obviously dropping down for Monday morning.

So over the last 28 days of this small account challenge now the challenge to grow the account from 583 dollars up to 100 grand. I've had three red day's The first red day was after I had a nice hot streak through almost. Let's see actually when was my first red day? I Gotta check my calendar here. My first red day wasn't until Let's see the 31st of January It almost made it through the whole month without a red day.

But on the 31st which was day let's see day 5, 10, 20 I think day 25, 10, 15, 20 Yeah, it was day 20. Day 20 of the small account I was up to $22,000 in total and then I lost 5,000 and that amounted to about a 20% draw down 25% which is obviously not ideal, but when you're trying to be aggressive and grow a small account, these things happen. Since that day I made about $35,000 in gains, got my account from 16,000 up to $55,000 as of Thursday morning and then Thursday gave back 4,000 which is about 10% and now today another 5,000 another 10% So these two red days are about 20% drawdown. Now if you think of any stock, even the strongest stocks like let's look at Nvidia for example, this is a stock that's been on, you know, a real tear from you know, the the teens all the way up here to over $100 a share.

but it hasn't been without some some drawdown, some pullback. so you get a nice move up. a little bit of pullback. nice move up a little bit of pullback and that's essentially what the trading account will look like.

for any good trader. even the best traders have some drawdown and I'm not saying I'm the best trader by any means. There's a lot of guys out there that I'm sure make more than me and and are more consistent than me, but it's something that I think even the very best traders will see. You'll have some nice big green days, some nice hot streaks where you really power ahead, and then you'll have some big draw downs.

and I have noticed that some of my big losses come in the shadow of a big winner. I Think the big winner can get me a little overconfident, maybe a little complacent, or thinking that I can win on anything I trade and that's certainly not the case. But although I'm a little disappointed with my trade yesterday I think that the trade I took yesterday and resn that cost me the $4,000 I Think that was a kind of poor quality trade because I jumped in with too much size using a one-minute setup on a stock that didn't have a very strong five-minute chart. So one of the kind of new rules that I'm gonna make for next week in response to this drawdown is that I'm going to limit my share size on one-minute setups I don't think I want to take more than 10,000 shares on a one minute setup and I may bring it down even lower than that.

but I think I'm I'm not saying this in stone, but generally speaking, I'm gonna cap myself to not more than ten thousand shares on a one-minute setup and instead focus on five minute setups. But today I took a great five minutes set up and I still lost on it. So it's not to say that five minute setups are perfect, but they certainly have better, better likelihood of follow-through So the only stock I traded today was KBS F Now this one is a recent reverse split. so reverse stock split.

It was a fifteen to one reverse split. so if you had 15 shares now you have one share. If you had fifteen thousand shares now you've got a thousand shares and the price has gone up times 15. So this morning and I'll preface this by saying we've seen some reverse split stocks do this type of thing.

Go parabolic. GEVO Very recently G BSN has done it several times. so that was the set up. a reverse split possible squeeze.

I Was watching it yesterday, but yesterday it just didn't seem like it had the follow-through and then of course today is when we really saw the opportunity. So zoom in here on the one-minute sharp. I Was watching this as soon as the bell rang I had my order ready at 5:50 to buy 25 hundred shares. the market opened.

the bell rang but there was only about 45 thousand shares of volume and I just kind of felt like you know between pre market and when the bell rang and I just felt like there wasn't enough volume. I needed more volume and I hesitated. maybe on another day I would have just jumped in but the volume is so light I just I was nervous and the spread was $5 by 5:30 So I was like oh, it's not a great spread, you know I get in with 2,500 shares and I'm instantly down 750 bucks. That's not a good way to start the day.

So I pops up to 550 and I'm like all right, well it's moving up but the spread was like 5:20 and then the spread was 5:30 and then when the spread was 540 by 5:50 I said you know what I'm jumping in I pressed the order twice. boom boom guess what? I only filled 85 shares, spikes up to a high of 641 and gets halted. so I've got 85 shares them up 80 bucks with 5000 shares. I would've been up almost $5,000 and that would have been nice but I didn't get my fill.

It resumes higher and I decide to add right as the market opened right in the sixties in the 70s. I added for the break over $7 we spiked up to a high of 838 and then pulled back and right in. in that move there I was able to make about $2,300 so I didn't make as much as I wanted to not. it's not nearly as much as if I had been in this from the open, but a profit nonetheless.

So I said all right, I'll now I said I'm gonna look to get in on the first one minute pullback. So the first one minute Campbell make a new high right here at 9:39 I added I only got filled a thousand shares it pops up to a high of 820 of 400 bucks I was looking for the high a day to break, didn't dropped it down immediately I stopped out, lost 80 bucks so now I was up 2200 or so and I said okay I'll let this consolidate for a second and then right here we see it starting to come up again and I said alright, this is now technically the first 5-minute Campbell to make a new high which is technically true, but it hadn't pulled back to the nine moving average. we were kind of floating up here in the highs which made it pretty risky I got in 75 hundred shares pops up to actually it might have been even more than that, but at pot I think might have been eleven thousand but it pops up to a high of 838 sorry 863 but very quickly turns around just a topping tail - 863 sorry right here. a little top up to 863 and then pulled back down and then all the way back down.

Ended up losing $1,000 on it. Very frustrating and so now I'm up only $1,000 on the day and I said alright, well let's just wait for this to give us a good, clean five-minute set up and at this point right here on the 5-minute chart I said you know what this is looking like my OS did on a what was it Wednesday and I'll pull up the my OS chart another window here. let me just drag this over so we don't lose our place on K BFS So my OS let's go back here to do right here. Ok this was the entry that I got in KB a cape sorry my OS I got in here 63, 6005, 18 and a little higher made $3,000 So this was kind of me saying all right this is looking like on KB FS good clean, five minutes set up I'm gonna jump in this I'm gonna be aggressive with my share size I got in first five minute candle to make a new high I stood tall, took big position, pops up to a high of 793 and my target back of my mind target was that this was going to go all the way up to 863 and that this would potentially be a big winner.

So we pop up to a high right here as you can see of 93 and then it instantly pulls back down to 734. So I go from being up 40 cents to down like 30 40 cents and at that point I said well let's just give this a second I'll sit tight I'll hold through it I held through. We consolidate sideways and I'm thinking alright, we're holding above the 20 moving average on the 1-minute chart. you know that's okay obviously I'd rather be green on the tray but I'm kind of break even.

The problem was I didn't feel that there was the liquidity for me to sell if I needed to market out of the trade. so I really wanted to see it go back up. We dropped down here on a candle wick to 720 I Started getting a little nervous and you can see here: 5 minute chart there 5 minute chart there I'm still holding through this pullback kind of wandering and but then I'm thinking at the same time this looks like it's consolidating at the 9:00 moving average first candle to make a new high, we could go right back to $9 and let me pull up another chart for you. Well look at this other chart I think we'll be able to pull this up.

That's as long as we can go back long enough on the 5 minute time frame. This is Hmn Y, so we'll reference this one here. Let's see how far we can go back on the 5-minute I Want to go back to this here. Actually is it that day? Now this is the day I think I actually wanted to go back to is back here I Don't think I'll be able to go back that far.

Let's just say and I'll check this day while we're here. Yeah, this one wasn't the one, although this one does show you something kind of similar. First five-minute candle to make a new high was right here. up to 960 fake-out pullback consolidation and then the second one is the one that really gave us the move.

and this is what a good move looks like, right? A break over 933 and I move up to $13 Guess what? I had 25,000 just under 25,000 shares of this. KBS KB SF If we had gotten that kind of move, every point is $25,000 950 to 1050 to 1152 1250. It could have been a $50,000 winner. Potentially that was the back of my mind.

Target that if this thing works, it could be a great trade. and I was thinking first 750 to 850 high of day, that's 25 grand. Alright, that's the first target. Second Target: we break through 850 860, we hit nine, we squeeze over nine to 950 and now I start probably selling through the nine dollar push, locking up Twenty-five Thirty thousand dollars.

I mean I'm saying I was standing tall. this was obviously big position. First camel make a new high or second. Candler Right here we break from 45.

I knew breaking over 45 was the trigger and we got the break right here. Volume Coming in on the break over 45, we pop up to a high of 815. We pull back one minute. Pullback looks good, up to 810.

double topping looks good and then this is where it all ended for me. The red candle down to 7/10 I had to get out I had to mark it out and I got slippage I filled all the way down. My low of my fills were at 710. The bottom I mean just.

this is the problem. When you get aggressive, you take big share size. There's just not the liquidity to or tit and this one, you know, obviously if it had worked I wouldn't I'd be saying hey, it was. It was a fantastic trade I held through the pullback.

it was strong I'm not gonna say that I did anything I don't feel like I did anything wrong on this trade I Feel like it was a really decent 5-minute setup that just didn't work. Probably the most disappointing part of all is the fact that this went up to $10 right? So it did end up making that big move I just couldn't hold through the pullback I couldn't hold this all the way down to six dollars, right? that I would have been down 30 grand. there's I couldn't do that. It wouldn't have been smart to do that.

So I took the loss and I lost about $6,000 on it, which was the right thing to do. take the loss and move on. So I was risking $6,000 essentially for what could have been easily if it had worked. A 25 $30,000 winner? That's a good profit loss ratio.

And here's the thing if I step up to the plate: I stand tall and I take this set up enough times I will have the ones that follow through. That's why I was able to make $10,000 on Wednesday. It's why I was able to make $22,000 last Thursday and $16,000 the Monday before that. So you know I'm having big green days because I willing to take more risk.

So you know back you know years ago when I was a newer trader, losing $5,000 in the day would be devastating. Losing $500 in a day would be really very disappointing. There were times were losing $50 in a day would be very disappointing so the numbers have gotten bigger. But the important thing is that the profit loss ratios stay the same this week I traded with 16 cent average winners and $0.11 average losers.

So although my biggest winner was about 50 cents on my OS, you know a lot of my winners ended up being in the I had a couple that were 13 cents, a couple that were two cents or three cents because I was getting out breakeven and those draw down the average. My biggest loss was 27 cents and then 26 cents today on KBS f neither of those are crazy big, it's only a 3% loss. The problem is that I had you know really big size so obviously a little disappointing. finishing the week with only about 57 percent accuracy.

So that's the thing. Last week I traded with over 90% accuracy. Profit loss ratio wasn't as good, but this week the accuracy was a little lower to read days in a row. Yesterday I took four trait five trades lost on? Let's see yeah.

I lost on four out of five today I took four trades lost on three out of four. So you know this is part of the deal with trading and it's It's good because it definitely will keep my phone's ringing up. mute it. It definitely keeps me humble.

You know the fact that I have these red days. it's a reminder to you know kind of adjust a strategy. And so one of the things I'm going to tell myself here is that what I'm doing is a hundred thousand dollar challenge, right? Five hundred eighty three dollars to a hundred grand. And although I really want to hit that hundred thousand dollar mark right now, I'm half what I'm in the middle of the challenge as of today I'm forty-five percent of the way there I'm in the mid field, right? This is the time to.

Kind of if I was like a cross-country runner. this is a time or in a road bike race, This is a time for me to set my pace and stay the course. This is not the time for me, to, you know, take that big final leap to try to get across the finish line before the other guy you know to stick my head out in the line right now I need to go slow and steady, catch kind of slowdown, catch my breath a little bit, you know, establish my pace and then just stay the course And that's the game plan going into next week. You know? Obviously, this strategy has been working well.

It's gotten me to where I am now, but I'd like to minimize the read days. you know as much as I can. So one one step that I think I can take is to reduce share size on one-minute setups, focusing on being more aggressive on the 5-minute Despite the fact that this five-minute setup didn't work, five minute setups are still the strongest and this did go up 60 plus cents. I Mean it's not just say it didn't work, it just didn't work as well as I wanted it to right.

A lot of traders in the room made a lot of money on this. I'm the one that decided to hold looking for a bigger move that was. you know, a decision that I made and then the second thing that I want to try to implement is. you know, next week if I'm in a trade that goes red against me and I'm kind of holding through consolidation, I should just try to get out break even because I could have gotten out of this break even I didn't have to, you know, hold up and then down twice and the same thing happened yesterday on Resn I could have gotten out of that break even or close to break-even But then I was holding thinking that it was starting to look good again, which it was looking good.

Again, this was looking good. but the very fact that I had to hold into the red tells me that obviously this is not one of the best trades I've ever had the best trades I take they work instantly. The worst trades go red instantly and you know this is one of those ones that kind of chopped around so I already know it's not going to be one of the best. Maybe reduce my exposure just with that in mind.

So always trying to adapt to the market improve, We've been in a really hot market with lots of good opportunities, which is fantastic. Hopefully that'll continue. if it does slow down a little bit though that's okay I just need to adapt, adjust and you know, just keep my eyes set on that. This is a marathon.

It's not a sprint. I Was planning that this hundred thousand dollar challenge would take me the entire year to go from five hundred dollars to a hundred grand. So the fact that I'm 45% of the way they're here on February 10th is is great. I'm being aggressive.

That's why I've had the big push up and That's why I've had some of the bigger losses. but I think I can start to, you know, settle into a little bit of a you know, just kind of grind on thousand two thousand dollars a day and be aggressive when I see a quality set ups but maybe taper it back just a little bit. So anyways, that's kind of where I'm at here as I finished the week I'm not going to beat myself up for today or yesterday. I'm finishing green and I'll be back at it first thing Monday morning ready to get a little Redemption and kind of get myself back in the driver's seat.

Alright guys, so any questions, feel free to leave them in the comments and I will see you all a first thing Monday morning All right Thanks guys! Let's be honest, if you made it this far, you must have really enjoyed that video. So what's stopping you? Subscribe right here and get email alerts any time I upload new content. until then happy surfing.