All right everyone. So I'm going to do my recap for trades from this morning. Started the day in the red, same as Monday and was able to recoup those losses and finish the day in the green. So that's a a pretty big swing in the P L.

Today I was down 16. a little over 16 000. Uh, so that's about a 30 000, 29 000 swing in the P L. That's that's quite a lot.

I'd prefer not to have days where it swings that much, but you know, sometimes you get caught on the wrong side of the trade and that's what happened on Immx. So Immx first trade of the day. How did I find it? It was the second leading gapper of in the market today up 30 4.3 million share float. News was out on it and it got this squeeze right here from 535 all the way up to eight.

Would have been great if I had jumped in it early in that move. Of course I did not jump in early in the move. I got in a little extended. up here.

it hit a high of oops, hit high of 79 and I bought inside this one minute candle at 60. I was looking for the breakthrough 79 and I added it. I got in at 60. I added 65, 75, 85, 95.

I added as high as 97. it hit a high of 98 and so I was in a full-size position at 79. Average went sideways. First one minute candle made in a new high, broke by one penny.

I guess it broke by one penny. Uh, pulled back and then dropped here to 63. So I held through this consolidation and I was looking at the way it consolidated. uh earlier.

It made this big move up consolidated and then broke out and I thought, all right, well I'm not super happy to be holding full size position down 10 15 cents at the same time with bigger size, it's not easy to just mark it in and out. You know if you mark it out, you're going to get slippage. If you mark it back in, you're going to get slippage and so you start to not be quite as nimble and so on. This one, in a small position, I probably would have happily just gotten out right here, break even or for a 10 cent loss and then gotten right back in if it came back up to break eight.

But because I had added into this move, I was too heavy to just jump out and jump back in. So I held through the consolidation and then cut the loss as it dropped right here. it broke 61. I actually added at 61 trying to average down off of the double bottom and then hit the sell button when it broke 61 and got slippage on my exit.

So started the day down 16 000 on the first trade and that's frustrating for a number of reasons, but frustrating because it was a winner. But I added and then brought my average too high and then couldn't get really back out flat and really needed it to either break out or in this case break down and it broke down. So that was a little disappointing. Um, my daily max loss is twenty thousand dollars.

My daily goal is twenty thousand dollars. So I was within like three thousand dollars of my daily max loss after the first trade. And that's not good because then I really don't have very much of a cushion. Uh, for trades two and three.

You know, even if I see additional trades, I really don't have much of a cushion to Uh to take them. So then my next trade was a 24 winner on Nxgl. So Nxgl uh was on the Gap scanner. it was a little further down the Gap scanner and I took a trade on this one pre-market Uh, let's see, no sorry, it was at the open and that was, uh, right.

here is it squeezed up. I got in with 3 000 shares and got back out for a one cent gain approximately 24.50 So that was not a successful trade and then I went back for Immx. Immx curled right here and broke through 720 and when it broke through 720 I added and we got to move up to 750.. So I made back four thousand dollars on Immx.

a little over that for 4 500. So uh, that, so that was good. Um, so down 11 900 on it's still red but recouped some loss. Then the next trade.

um we had. Let's see after Immx let me just look here what the next one was. So the next one was F-a-t-h F-a-t-h Not one that I was. I mean we did see it pre-market and it had popped up to 680.

It then ripped up into a halt on resum at the basically at the open. It resumed and it pulled back and I got in right here in this curling pattern as it started to squeeze up. I got in right here and it squeezed through 25, 30, 40, 50 into a hall at 62. I took my profit going to that level.

It opened and it pulled back so that ended up just being one trade and I was happy with that. It was good. It could have been would have been better if this held but it was a green trade and then vine and you can see this is my biggest winner of the day. This was halted at the open on news posted at 9 30.

it halted up at 5.99 giving traders then some time to see what's going on with this stock. Why is it squeezing up so much and on resumption went right into a second halt. I didn't buy it. On resumption from the next halt I got in and got out with about 400 of profit.

so it was a pretty quick trade. I I was like all right, well 400 that's something. It was a dip in rib. Buying after the second halt is always a little risky, but you know I I took the trade and then we got this pull back.

It looked like it was going to halt down and I bought the dip right here. So bought the dip at about seven and it rips back up to eight, pulls back, pops up to 8 39 and I was trying to buy psychological support and then I realized it was about to get halted and it was then a false halt and I added at that level with my hotkey. So then we got to pop up to 839 a pullback and then I just actively traded it in this range up until the high of 9.75 My last trade was a dip off of nine dollars in this area and I haven't traded it since then, so this one ended up being the biggest winner today. You know if I didn't have this loser, uh obviously today would be a much better day, but you can't trade without getting a lot taking losses and so as a reminder, it's always.

Trading is risky and most beginner traders will not lose money and my results are not typical. The typical experience of a beginner trader is losing money. So today I experienced the more typical uh result which is one trade and I was in the red 16 000 just very close to my daily max loss and I knew at that point on the next trade. you know I only made 24 on Nxgl because I couldn't afford to take a lot of risk on it because if you know I can't if I'm already down 16 000, I can't take 16 000 of risk on the next trade.

You know, an Immx. I don't think I really was. I was not intending on taking 16 000 of risk on that trade. It's just what ended up happening.

the profit loss ratio. I was looking at the breakthrough eight and then room up to 868.. at that time it was our second leading gapper. I mean it was looking good.

I thought I was in the second pullback on the one minute. but anyways, I just ended up being wrong on that one. And so you know, eat the loss which was the right move could have some other traders might have averaged down and averaged down and then just made the loss bigger. I just cut it where it was and said all right and that's that.

Well I'm starting the day in the Red. We'll try again tomorrow. Uh, or we'll see. I'll see what opportunities there'll be.

So a student Chris asked, what's your goal today Now you're down 16 000? Is it to? you know, just kind of get yourself back to down only 10? Is it to try to get back to Green? Are you going to aggressively trade? You know what's your plan And I said well, you know I. I don't think my my plan or goal should be to try to recoup all my losses. If that happens, that's great. but my goal should be to try to trade good quality setups if we had good.

If we have good quality setups, I will trade them aggressively as I probably would on any other day I might trade them a little bit more aggressively because I know I'm in the red and I'm trying to recover a little bit. But I have to use a little bit of caution there. Sometimes getting knocked off the horse, you know you can jump back up. You know you get knocked down, you come back up swinging and you're a little more aggressive.

and sometimes on the right day that positions you to be a little bit more aggressive on a stock that ends up making a huge move and you can crush it. Other times you come back up getting a little aggressive and you're just going to go deeper into the red. So you know obviously that for me is an important spot to watch. You know if I get knocked down and I have my first recovery which was making back 4 000 on Immx and then I lose another 5 grand on another trade and I'm back to down 16, 17 or 18? Then clearly I'm just digging the hole deeper.

I'm moving in the wrong direction and it's the luck of the draw. Whether or not a day is going to give you the opportunity to finish green or just less red or or more red, but you can control how much more you're willing to lose. So you know after the loss, I just said all right, well it is what it is. I'm just gonna try to focus on good quality setups and I got a couple or one, one or two more good trades on Immx, the small trade on Nxgl, and then fath because it had already halted once and it was curling.

I thought all right, this is, this is one to give a shot. Uh, the volume was decent. It wasn't as high as Immx, but that's certainly over a million shares it was. It was trading actively so was able to ride that momentum back up.

I took I think it was 15 000 shares so a slightly larger uh, position, but adding into the move and then at that point after that trade I was down on I think what would have been five thousand and then Vine started slow with only four hundred dollars of profit on the first trade, but then started to get in the zone, got that really nice dip trade that was picture perfect. That was like an instant. Uh, back after that trade I was green on the day so that was a one dollar share dip trade from seven back up to eight. I mean, that was fantastic and that was one of the biggest green candles of the day.

So I nailed that one. And then you know I just kind of kept actively trading it. Uh, so ended up finishing finishing. Well, this was an all-time high setup blue sky above 933.

So when I was trading at around eight, eight, thirty nine, my target was Nine Thirty three. That was the goal. That's what I wanted to see and we got it. So you know this day would have been better if I had been a little gentler on that first trade.

Um, I probably went too big on it and I don't I don't know really why I went as big as I did, but I just jumped on. And anyway, so you know, whatever. down eleven thousand, twelve thousand at the end of the day. That's not.

I mean, I I can handle it, but maybe should have gone a little softer on that first trade. You know, kind of in that mentality of like taking one really good trade. Sometimes you get into the place of trying to make a lot on that one good trade and then you can get a little stubborn on it. Uh, and if you take big size and it can feel harder to get in and out, you know a stock like Dwac is a good example of this.

Um, you know, if you tried to take. I mean, even if you were in 5 000 shares of this, you've got 50 cent spreads. The spreads move really quickly and just look at that. I mean, it wasn't that many orders that made it drop to 35.

there's not a lot of bids. it's a thinly traded stock. so if you hit the bid, there's there's 5 000 shares at 66. you know, but if those get taken out, then you're going to be looking at the 50 65 80s pretty quick.

And if you have to hit the bid because you got a big spread. So this is the type of stock where it's hard to just jump in and out you have. So look at that that you know. I mean that's exactly why it's hard to just jump in and out.

You've got to have a lot of conviction in this type of trade. Now Immx is not as bad as that. but when you start to size up, you just you're not as light on your toes. And so one of the things that I've really enjoyed with doing trader rehab when I've when I've actually done it and also restricted my share size, which I'm not doing right now.

I'm just focusing on one good trade to start the day. But uh, when I do trade a rehab, I feel so light in how quickly I can move in and out of stocks. Uh, move in and out of trades and and it's a nice feeling you can cut it and you don't get slippage and you're just you're out and it's like all right I just don't have to worry about that. So it's another component of trying to scale up that you'll have to face and deal with.

And you know it's something that we that we all experience if you're a trader who's trying to to scale. So sometimes the right decision is to scale down a little bit. Uh, you know. And so for tomorrow this week I've started the So.

Today's Wednesday. So Monday I started red 10 000 and then recovered. Yesterday was a green day and and then today I started read sixteen thousand and then recovered. So those you know, even on Isig it wasn't even a share size issue, I just I only took six thousand shares but I lost.

It was two dollars a share. So that was kind of stupid. But uh yeah, it's a little disappointing when I'm trying to be focused on having one really good trade that the first as my first trade to have two out of the last three days have it be a not a great trade. but uh, you know we did.

We did well. last week we got five really good trades. uh five, five days in a row. The first trade was really good.

so this week hasn't been uh as solid, but if so, my accuracy at this point based on the last eight days would be green on. I guess six out of the eight First trade. Six out of the eight first trades have been green. which is not bad.

I mean at the end of the day, that's that's still pretty good. Six out of eight. but I'd like to. I mean, I just you know, I'd like to do better.

so we'll come back tomorrow. We'll look for some good opportunities and hopefully the first trade can be a better one. Uh, and that would be a nicer way to start the day than how I started today. and on Monday.

Reminder: Market is closed on Monday for Martin Luther King Day. So we have, uh, a market holiday on Monday, so there'll be no trading on Monday. So we've got a long weekend coming up. So keeping in mind that we have a long weekend coming up, it's always nice if you can to go into the long weekend, kind of just roll in gently into long weekend and don't do anything crazy the next couple days.

So Thursday, Friday, let's just try to have a good finish to the the week. A long weekend, enjoy it, relax, rest up. So I took a vacation in October. It was the first week I've taken off, had taken off of trading since 2018, and so you know it'd been.

It'd been three years since I took a week of vacation and took the week, and I came back. So retro recharged. I traded so well through October, November, December, and January. Uh, really.

And so I'm gonna take a long weekend myself. I'm gonna, um, fly down to the Caribbean and try to relax and enjoy. And then I'll be back on, um, on Tuesday. So I will be trading on Wednesday.

So I'm gonna miss the day on uh, Tuesday. So just so you guys know, so I'll be out. Uh, on Friday, I'll be out on Tuesday. but then I'll be back on Wednesday.

And I encourage you guys when you can to take a breath because I really underestimated how recharged I felt when I came back from the last from the last trip. So I'm going to try to incorporate them a little bit more when I can. and incorporating them around a market holiday long weekend is, Um is a great way to do it because you, you know we already have a three day weekend, so I'm just adding. You know, the Friday before a long weekend often is slow, so that's not a big deal to take the day off there.

and then, you know, the Tuesday following a long weekend. Usually we're back in the saddle. so I'm a little bit bummed about missing Tuesday, but I could trade from vacation, but the whole point is to recharge the batteries. So um, I think I'll just not do that and just be back on Wednesday.

and so yeah, that's where we're at. but you know, of course, um, scanners will be running. as always, the rooms will be open. Um, so we'll be.

You know we'll be doing regular routine mentor sessions. we'll be continuing so you guys will have your your your typical schedule there so don't worry about that. And uh yeah, so that's that's what my plan is right now. And um, so I want to try to finish tomorrow with a couple more decent trades and then that'll be that'll be the week for me.

So that's the goal Tomorrow, A couple more good trades and then shutting it down for the rest of the week. All right, those on. uh, Trader Rehab again. stay focused One trade a day, Stay focused all right, and I'll bring my laptop just in case.

But uh, hopefully I won't I won't need it. Hopefully I don't get stuck down there, but I'll bring it just in case. All Right Market is closed on Monday. so market holiday on Monday.

All right you guys. I hope you have a great rest of the day and we back at it first thing tomorrow morning. You.