What's up you guys? All right? Well, um, so ready. Recap here: Down 15 000 And I am, you know, feeling a little disappointed because I hate finishing the week on a red day. I mean that that's the thing that's really kind of discouraging is finishing the week on a red day, you know, But it is what it is. Yesterday was phenomenal and I came back for some afternoon trading and finished up 48 000..

So I'm gonna do the recap here. down fifteen thousand in my main account. I haven't traded in my Ira yet, so I am gonna watch and see whether or not there'll be some opportunities for me to start to dig my way out of the hole a little bit. Today I would usually say if I'm down this much, I sort of I have a max loss in my main account.

I can't trade in that account anymore. Now I can trade in my retirement account, but if I hit my max loss in that account, I am officially done for the day. Five thousand dollar max loss in both accounts. So you know I do sort of leave myself the the option that if I hit max loss in one account, I could switch to the other.

But I have to be very, very careful because if I hit max loss twice, I'm going to be really upset. So I have to start kind of rebuilding slowly and usually I set the expectation that I'm just trying to soften the loss a little bit. So instead of being down 15, maybe being down a little less than 10.. maybe I cut it in half 7 500.

I don't try to set the expectation of going to Green or hitting my daily goal because that to swing all the way to up 10 000. That's that's given the fact that I'm already red. That's unrealistic for this market. So if I can cut a little off the off the loss, that'd be great.

Um, I'll keep you guys posted. either later today or on Monday we'll see how the afternoon goes. But for right now I'm down 15 000. I'll break down the recap and as always questions comments, leave them below.

I did get smoked on the two that I actually made money on yesterday trying to do these kind of dead cat bounces which didn't end up working. so it is what it is. But um, enjoy the recap. And hey, as a reminder, if you didn't already know, day trading is risky.

Easy come easy go. I say that all the time. and today's a day where you know. Just like that.

Gone And I overstayed my welcome because I was up 10 000 and then I gave it back. I went from green to Red. So if you're a beginner trader, you should assume you'll lose money. And with that assumption in mind, do yourself a favor and trade in the simulator before you put real money on the line.

All right. So with that, I hope you enjoy the recap. Hit that thumbs up and I'll see you first thing on Monday. All right.

So I'm going to do a recap for today: Sitting here down fifteen thousand? uh to finish the morning? not great. red on Uh Orph and Glto Orph. I got green on um. We had a nice red to green move at the open.

I got green on the red to green move and I got green on this squeeze right here. Back to the high and then I added on this dip right here at 14.95 Got caught in a halt down with 6 000 shares. It opened it well, it opened at 14 or 13 and then sold off and I had to cut it for a loss of about three dollars a share. So six times three is eighteen thousand.

So I went from green to red on Orph. and before that trade I had lost 5000 on Glto where I tried to do a dip on the long right Here it halted down and then opened high and I thought okay, that's bullish. I'm going to try to go for a long for a squeeze for the high and I stopped out as it broke back down. So you know at this point I'm below my max loss of 5000 in my main account.

You know I could switch and trade in my Ira account. I I technically can do that because that one doesn't isn't below its 5000 max loss. I haven't taken any trades there, uh, unfortunately today it is Friday and the fact that Glto and Orph have both um not provided sort of continued opportunities but have this is now halted twice going down. That's not a good sign for momentum in general.

Novn. I don't see this one being worth taking another stab at. so Cmmb was another one that was on the scanners and I thought was interesting but I never traded it and it would need to get back over 28. Anyways, it's a stock that has a history on big days of squeezing like this day from 26 to 72 a share.

so I saw potential in it, but you know, just hasn't made the move. so you know, Uh, as I sit here today, this is gonna be my first red day for the month of June. Uh, and this is my month of June so far so really in in very very good shape. Um in fact, fantastic shape on the month of June 181 000 of profit already? 77 Accuracy.

Uh, I am. you know not happy to have a red day here, but I was up 48 000 yesterday so giving back 15 is not the end of the world. If there were, if there was something that was looking good, I probably would switch into my Ira account and take a couple more trades and and see if maybe you know maybe I cut the loss in half and finish the day down a little under 10 grand or maybe 7 000 or something. But but honestly, I just don't see anything that warrants making that decision.

I mean, you know, typically when I hit my max loss in one account, I should just walk away for the day because what I don't want to do is switch to my Ira and then lose another five or seven thousand over there and be down 25 000 on the day. You know what I mean. That's that's what I don't want to have happen. So anytime I hit a max loss in one account and then switch to the other, I have to be very careful that I don't keep digging the hole deeper and deeper and deeper.

Of course if I go down more than 5000 I would be cut out and done for the day. But I'm down 15 here and it's because in one trade I lost like 18 000 or 19 000. So in one trade I went from green 4 000 on the day to read and that's where you can blow through your max loss and now I cannot take any more trades in this account. But I'm I'm well below the max loss so I don't know.

Um, I never like to finish the week on a red note like that. It's always a little discouraging. Feels much much better to finish the week on a green note and I overstayed my welcome. I was up 10 000 on Orph.

Um, you know that flash down right there. I did the dip and then flash. I don't know if it was a market order or what it was, but it just like the bottom fell out and so I got caught on that one. And you know I actually got caught on this one too because I got in at 13.

Um, it was like 50 or something like that, I don't remember. And then it dropped false halt down. and then I added as it curled back up. So that was a close call too.

And then I just you know, I I flew too close to the sun Today I got a little too aggressive. but getting a little too aggressive is why I was up 48 000 yesterday. That's why I'm up 180 000 on the month. So you know taking risk is part of trading.

I took some risk and today I am not coming out on top. You know, unless we, unless we see something really start to move in the next 30 or 40 minutes and squeeze up, I don't think there'll be anything more for me. Uh, today Orph yesterday started. its move kind of late in the day at like 11 15.

So you know there's always hope. But the odds of this I don't know, it seems pretty slim. This is a pretty rare event. so having that happen again today.

while that would I guess save my save my day if I traded it, the odds are pretty low. and what's more likely is that you see something maybe like Cmmb that starts to pop up like right here and then just reverses hard. So you know, Novn curling back up there. But Novn.

65 million shares of volume. It is choppy. It really whips around. you know, on the one minute chart.

Aside from the red to green move, you know, first pull back there. but this was choppy in this area. False breakout, then it goes lower. This was choppy here.

This was choppy all through here and then now it's curling back up. So this is this is kind of choppy stuff. and maybe Novn does open up a bit more, but it feels like this. the type of stock that, uh, I have a higher likelihood of of getting getting caught, um, on the wrong side of because it just feels really choppy.

So anyways, that's that's going to be it for me today. Well, that's it for me as of 10 15. If I do take any more trades, I'll update you guys on how that finishes. Um, on Monday.

But as I sit here, I'm going to be sitting down 15 000 going into the weekend and living to trade another day. All right, I'll see you guys on Monday. 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.