I'm not going to lie. It's been a very difficult week so far, and it's only monday so just like last monday, unfortunately, i'm ending the day red again um and that's very frustrating because mondays used to be my best days. But this weekend last week, mondays has just been um, not the best um and uh, i'm seriously thinking about sizing down a little bit um last week. I also ended the day the week read after a stellar first, two weeks of july, where i had just screen.

Streaks and then the last monday i had a red day, followed by another red day, um wednesday and thursday were okay. I ended the day red on friday, so it was a red week and today i'm ending the day red again. So obviously it's not fun to talk about this, but this is a reality of day trading. If you want the highs, you have to be able to deal with the pullbacks um, both in the p l's and also the emotional roller coaster.

Uh, i'm not emotional, but i'm just frustrated um, because if you've been following my channel for a while, you know every three months or so i go through some rough times, um it's in in my past videos all the recaps. You know i talk about the good and i also talk about the bad as well, so today, spce um the stock gapped up overnight from uh. You know, after a strong close on friday from 56 dollars, close all the way to 60 ones up here, and it just started downtrending at a small, long pre-market thinking that they're going to reclaim this and go back to test the high 60 162s thinking that they're Holding the uptrend uh, but no didn't work, so i stopped out pre-market and that was fine. You know that was pre-market size.

The real loss on the long side came from at the open. You know it dumped to around this key level, 50, 57 and below that yeah previous days closed support. I was thinking that we might get reversal which is kind of what we saw on friday, but no didn't work. So this is why i stopped out here - and i stopped out here so that was it um.

That was a long trade on the dave on spce and i stopped out and it wasn't fun that was the majority of my loss on the day um. I did go back in shorts. I started in shorts here, but the stock never really bounced that high enough to ideally 57 to scale in the short um. So i had the small position covered into it and i reshored it all the way here.

Um. 54. 54. 80S and then you know shorter on the way down and covered um over here out of the short position: 53 dollars, 10 cents and like little scalp shorts over here and here.

But the short trade is green. But still the majority of the loss today came from the long on sp ce. I was very bullish on the stock because the stock - it was a very strong breakout on friday and usually when these kind of larger cap stocks have such strong volume, 260 million shares traded and that's the highest trading volume ever on virgin galactic. I was looking for more follow-through.

That's why i sized in a bit more and didn't work um. I stopped following my plan, but it wasn't fun so yeah so made back some on the short side, but um. This is still the majority of my losses and it's not pretty on the day. The second trade on the long side is also a loss um.

This is a stock that was on our weekend. Watch this, whereas i said i was watching the 710s and 740s area um after a huge gap down on friday. If you look at daily charts on the 7th 710s and 740s, those are kind of the key supports area. I'm looking for a long reversal to the upside um, i had decent entry, seven tens and i added up on the way up: seven twenties um, even here at 7 29 thinking that we're gon na get this.

This kind of breakout, which happened later around 11 to 11 30, was what i was looking for um, so i had decent entries. I even added on the way up um. I was looking for this kind of breakout, but uh nope um a great idea, wrong timing. Um, so i got stopped out here: 7.

14S um. The loss on this wasn't that bad, but still frustrating to see that it did still work um after the fact. After about um 10 30 11 o'clock, it did break out to the upside 760s and that's what i was looking for. It's been a frustrating day: okay, um, okay, um, the last trade amc.

This is the only green trade on the day. This one is on the long side amc i liked the we, the the daily on the daily chart, we're essentially making higher lows: um yeah, you have some resistance around 60s and 64s, but today, when there was a lot of volume coming in early on um that Got my attention um? I i still long some starch around 56. once i broke down, i stopped out so the first loss was 60 cents, but after the reclaim usually a lot of these stocks, especially these momentum names if they break down but reclaim view up and started grinding back up A lot a lot of times those are the strongest breakouts. So that's why i didn't hesitate to get back in.

After all, the first loss was a loss on starter size. I got back in 56 60s and added some 5670s added on the way up. 57S. I didn't like this harsh rejection, so i got out all the position um i re-entered again 57s and this time around, i even added on the way up, um again this harsh rejection.

I got out all of it. Oh on the long side here around 58 dollars, 40 cents and here 58 40s um. This is still a green trade, but um still red on the day. So this amc trade on the long side is the only green trade on the day um.

I think we might get a secondary move later in the afternoon, but i'm all out for now, um, amc, green atos, red spc long is red and short as a green trade, but i'm down about uh niges on the day again. This is this is the reality. You wan na you want the good you have to deal with um, the bad, so um, i'm definitely very frustrated, especially after we had um a very good first, two weeks of the month. So if you guys want to take a peek at my um trader view, p l here it's been a great month like you know, if we kind of zoom out it's been a bad week, the last week and a bad monday, but it's been a great month Where there was a lot of momentum, a lot of setups and i was trying to size up more and um and push more, you know a lot of great trades during those days there were big losses as well, but when there's a lot of setups and a Lot of opportunities you can offset those losses and and come back relatively easily um.

So that's why you know i was trying to push more and while the market is hot, it's important to take advantage of it when the market is hot. When there's a lot of setups, but it started last monday, where i had a red day and led by another smaller red day in the middle of the week, was okay but friday had a red day as well and today again i'm down about 9g. So i'm not used to giving back so much profit on the month. I was on track to doing great on the month um, but i'm definitely a little bit frustrated now, um, i'm not emotional by any means, but usually when i look at these, i look at these market sentiment shifts.

I take them as cues to size down and kind of go back to hidden singles, which is what the environment was like back in april and may where it was choppier, so i stood size down again. I talked about those ideas in the my recap videos, but looking like it might be time to size down again so um i don't want. Obviously i don't want to give back too much on the month, so i think i'm going to take it easy for a little bit and size down. Go back to you know, go get aiming for base hits because small gains they add up and maybe, if amc does go to 100, then you know that would be the time to size back up again and go back to my normal on trading.

Routine and trading. Share sizes so yeah i'm just trying to be real with you guys. Here it's been a tough week um, you know it's not fun, losing almost 10 grand on the day and i don't take it lightly. So this is a time for me to take a step back and kind of review, everything and again size down and be more patient and only come back to the original size i'm used to.

If the market does present more volatility and more momentum, hopefully you guys are staying safe and i'll. See you guys next time, hey guys thanks for watching. I hope you enjoyed the video and the bad jokes. If you want to see more day, trading content make sure to subscribe and follow me on twitter and instagram for more.

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