All right everyone. So um, we're gonna get started with the morning show here on Youtube and I'm gonna break down for you my red day recap because I'm already red and that my max loss and I'm not gonna be able to take any more trades today. So you know, putting it on the table. This is my day here.

This has been my week. This is, uh, it's not been my week, it's been a a terrible week. I had a a wonderful vacation uh and got back on Wednesday and was down 16 000 Wednesday, another two thousand read yesterday and down thirty nine thousand today. So I'll put up my disclaimer as a reminder in case you didn't already know that trading is risky.

Now I take a lot of risk when I trade and you can't be a trader without a willingness to take a lot of risk because trading is risky. So I step up to the plate and I do take risk. I always remind traders that my results are not typical. so this is a red day that maybe is not super typical to have a red day this big.

And the green days I have are also probably not typical. They're pretty big green days, but you know, I put it all on the table. the red and the green. And um, you know.

So last year 2021 my worst month, I was up 58 000 in April. That was my worst month of the year. Last year my best month was 866. I was up 75 000 on the month, uh, yesterday.

so I just cut that in half. Now I'm up less than 40 000 on the month with only six days left. So now you know you can see how these three red days have. Really, you know, cut my profit on the month by like 60 from 100k down to 3540k.

That's not great. So I started this morning. First trade was on Bsfc. This one is our leading gap in the market.

It's up 200 percent, but you can see it made this huge move and everything here has been the back side of the move. Now there's opportunities to be long on the backside of the move and there were some bounces, but I went red on it trying to buy. uh, let's see, where was it? It was actually right here on this dip. I got in at six dollars, so I bought the dip off of Six Dollar support.

I was thinking if it would it hit 590 585 and then it bounced back up. I got in at six, it hit a high of 615 and I was like, okay, if it breaks through 625 650 I was looking at this sort of inverted head and shoulders pattern that if it could break through 650, maybe we would have a move back up towards seven. Well, took a two thousand dollar loss on that and then it just sort of started to fade and didn't look that great. Meanwhile, our second leading gap for Svfd uh, wasn't particularly interested, but as it started squeeze up here.

I bought this uh first at 525 but I got only a partial fill of 500 shares. I sold it at whatever 530. then I got back in at 5 35 for the test of V Wap and it broke through 550 the V app and ripped up to 565 575 And so I started to add 565 575, 585, 595 Looking for the break of six retest of the high day 647 and look at this rejection all the way back down and I took a big loss on it. 37 000 So you know I put my money where my mouth is.

If I think something looks good, I'll step up to the plate and I stepped up to the plate for that break of V setup and a re-test of the high and it just rejected pretty pretty badly. So if I was sitting down here and I hadn't taken any trades yet, I would of course look at Bsfc. it's the leading gapper and I would say all right. Well, it's still below V web.

We're definitely still on the back side of the move. Maybe if he can get over six? Well, it hit a high of 603 right here, so I don't know. Um, would need to go a bit higher than that. Maybe 615 If it could break 615.

Well, then you've got the 200 there. Maybe it's best just to wait for 6.50 see if it can break 650. I'm a little concerned that this is just going to be choppy. The volume was highest on this green candle, but it just kind of faded from there.

So um, you know at this point it doesn't really look that great. It's on the back side of the move, so I don't know if I would take any trades on it, but I'd probably have an order ready around 6 15, maybe 6 50. kind of. Watch those levels.

you might get a little squeeze at the open. uh, the second one second leading gap or Sfvd. I would say no. this one's broken.

Not only did it reject here, but it did it a second time here. you know, and the fact that it did the first time I. But you know when something breaks the V-wap with some strength and this this squeezed up you know. And what's frustrating is if I had just gotten in at 6 30, 5 or 6 40 or 5 sorry 5 35 540, You know when all the way up to six dollars, I could have just taken that profit off the table.

And I did take some profit off the table under six and then I added back on a dip, but it didn't dip. It ended up being the highest volume Candle was a red topping tail and I thought all right, let's see if it holds V whap and it didn't. It broke 640 and dropped right, to sorry 540, dropped right to 520 and then hit a low of 482. So I just got slippage on the exit.

so so that was a bummer. Um, there's no doubt about it. You know the market is, uh, slow. but this week has been slow, you know? But at the same time, Svfd and Bsfc both have shown a lot of range, so that's better than what we've had the last couple days I guess.

But I certainly wasn't able to capitalize on it. And you know. so today is my third red day in a row. Well, I don't know the last time I had three red days in a row.

I mean it's it's been a while. Um, it doesn't. Not that it really matters all that much I guess. but uh, it's It's been a while since I had three red days in a row so this is over 11 million dollars in uh, profit Here calendar.

I had three red days in a row in June, so it would have been June. The last time I had three red days in a row you can see there popping back up so you know. Could you have taken a little trade there? Six up to 608 610? You know Yeah you could have if it gets over 625 650. but you know my my rule is if I my max loss is 20 000.

So I blew through the max loss and now I'm down. you know, 39. So if I took a trade on this right now, I would be breaking the rule that I set of not taking any more trades. once I'm down more than 20 grand.

So you know if this ends up ripping to 650 and 675 and seven dollars, am I gonna feel Fomo? Yeah I am. Could I switch and trade it in my main account which is taxable, I could. but it would be giving into Fomo and it'd be breaking a rule. So the if I lose money on that trade then I would be livid if I make money on it and then you feel like well, you know, hey, oh you know I made money.

So I guess it was okay to break the rules. So good job for anyone that got that trade there over six. We're coming into the View app up here, so nice volume on that candle about 250 000 shares. You can see some bids popping up, you know.

Can't help but feel like maybe it's a trap, but we'll see. So your high there is Six Forty Six. So January. definitely not.

Uh, well, I guess it sourced somewhere last year last year. Uh, January. You know. the first two weeks I got smoked, I was down 180 000 before I started to rally through the end of January and then into February.

So well, just a little bit of a slow start to the year for me. So thank you for those on uh, Youtube for tuning in. Those who have hit the thumbs up. I really appreciate it.

These are good days for transparency, you know and that's you know that's important, putting it on the table and showing you the the ups and the downs. So today is one of those days where and I suppose this is always true. If you break the rules and you make money then you feel like, well, you know I I finished the day green. I guess it was okay.

The the challenge for beginner traders that it can start to put you into a place where you sort of don't have a set of rules because you think? Well, I last time I had this rule not to trade when I'm down more than 20 grand. but I did. and then I finished the day down only 15.. So maybe I should just break the rules and that can be very hard because the market can give you inconsistent feedback, it can reinforce bad bad habits.

And you know, if I had jumped in that at six I could have made some money. it went up to 650 Without me, that's 50 cents a share, you know? So then you start to feel like man I I didn't take that, I missed it. Maybe I should go ahead and take the trade over 645 650 and then you take it and then it goes red and then you get even more frustrated because now not only have you lost money, but it was totally avoidable. Had you had the discipline to follow your rules, it's easy to follow your rules when trading is going well.

It's difficult when the market is choppy. So I think on, um, you know, on this one you just have the fact that you're clearly on the back side of the move. You know the front side was this very light volume candle and now it's just actively traded because it is the leading gapper. so a lot of people are watching it.

but there's going to be a very clear short bias on it. There's no news. It's a recent uplift from the Otc market. There's really no reason for it to be at this price.

I was a little concerned about the risk of a T12 or halted pending news. If this was a nice stock, I would be very concerned. As a Nasdaq stock, I'm not as concerned, but it's still a risk. If this does halt up, I would think it's probably going to be a bull trap and it'll then, uh, fade the rest of the day.

I just I'd be very surprised to see multi-day momentum out of this. but you know I could be wrong. Maybe I'm not optimistic because I'm already read on the day, but we'll see 670 would be the next level you'd want to see break 650 and then 670. So from being up, uh, almost 100 000 on the month this week I've given back 60 grand.

I've given back more than half of my monthly profit in three red days of trading. So that's the biggest draw down uh, in my P L that I've had since. Well, I had a fifty thousand dollar red day at the beginning of December, you know, and that was in one day it was down fifty thousand. So this week the sixty thousand dollars was spread over uh, obviously, uh, a few days.

But today was the biggest. the biggest hit for sure. So let's see. Uh, I'm just looking at my last draw down.

So the last draw down was around 52 000. So 52 000 right there. So basically, oh, you know, another 8 000. Beyond that, that's where I'll be on Monday if I imported these metrics down around 60..

Red Days: 50 000 37, 35, 48, 30, 41 26 Small red day back there. All right. So with one minute to the open, my watch list for today would be Bsfc over 650 and to 677. But I would be if I was trading it, taking profits quickly, and not overstaying my welcome because this is, uh, definitely a choppy market.

So get Green, shut it down and try again tomorrow. I'll be back on Monday and we'll hope to do a little bit better on Monday than I did today. So thank you for tuning in for the morning show and my watch list. I'll see you guys on Monday morning.

You.