What's up everyone? All right? Well, uh, walking up a green day here, up over 20 000. Just lost 10 000 on my last trade. so I was up 30 000 and then lost 10 grand. I'm a little bummed about that.

would have preferred to close up 30. but at the end of the day, at my level of trading, the actual difference between 20 and 30 it's not. I mean, especially when it's in my retirement account, I'm I. It doesn't change anything.

You know it doesn't mean I'm going to go buy something differently or do anything differently. The only thing that it affects is sort of the headspace of knowing you were up x amount and then lost x amount and now you're up only x amount. I don't know. xyz whatever.

However, you want to do it so psychologically, the loss can certainly have a bigger effect than the actual financial effect. Which is then a problem because if you start letting the emotions dictate the way you trade. Say, for instance, I tried to double back down and I lost uh, 10 000 on a 4 000 share position. So now I jump in with 8 000 shares, see if I get a quick rip back up, and then I lose 16 000.

All of a sudden, now I'm back to 5 000 on the day. Then I take one more trade with 16 000 shares or 10 000 shares to try to Hail Mary Pass, get myself back to up 30 grand and lose a third time. And that's when you can spiral. I say that because I've done it, I've done exactly that.

before. You get so fixated on not closing the day read, or getting back what you lost that you start making emotionally driven decisions and those generally don't lead to success in the market. Probably maybe every now and then, but not long term, not consistent. So anyways, it was a good day today Gamestop.

I like it a lot. I think it has more potential, but it's a day trader. I take what I can get on it and then I get out of the market and I'll come back tomorrow. So as always, trading is risky.

Most beginner traders lose money and we know Gamestop is a high risk stock, so definitely a good one to practice trading in a simulator before putting real money on the line. Don't blindly follow me or anyone else. I also encourage you guys to check out my ebook right down there. Download it.

It's a brand new ebook for 2021, a guide to getting started trading. So if you want to learn my Momentum strategy where I get in, where I get out how I find stocks to trade, you're gonna want to download that ebook. All right. So I hope you guys enjoy the recap and I'll see you all first thing tomorrow.

All right? Well uh, green Day recap, But I just lost 10 000 on my last trade. so I was up about 28, 000, 30, 000 and then got in right here to anticipate the break through the first five minute candle to make a new high and then just got stopped out as it came back down to the V web. So ah, sized up a little bit. maybe too much on that last trade.

but I cut the loss as quick as I could and I'm still green on the day. So life is good. I'm up 18 000 in this account and 4 600 in that, which is 22 000 Green Day, So that's going to put me in pretty darn good shape on the month here. this last week has been has been good.

Let's see. So for the month of May, I haven't uploaded yesterday's trades yet, but had twenty three thousand, thirty one thousand, 22 today. So that's 58, 68, 78, 000 plus 5000 yesterday. So you know, 75 000 or so 80 000 in four days? It's phenomenal and that turns my month around pretty big time.

So I was at a gross profit of 127. Uh, before? uh, yesterday. actually. so yesterday will be 132 and then today will be 142 152.

So sitting around 150 on the month, that would be a 1.8 million dollar a year. Or now. One point, yeah, 1.8 million a year. So if I can average like that, I'd be very happy with it.

And what that means is doing everything I can to keep the losses small. And when I feel like I'm starting to slip and starting to lose momentum jumping out of the market quickly because I could easily jump right back in this and then lose another five grand and I'm up only 13. and then lose another three grand and I'm up only nine and then lose another nine grand and I'm back to break even on the day. I know that because I've done that before so I would have loved to have not just taken a ten thousand dollar loss on that drop, but taking that trade had it broken 36 which I thought it was going to and squeezed up to 37, 38, 39, 40.

that could have put me up 40 000 on the day. so you know I continue to trade and continue to take risk until the market tells me to slow down. So it's telling me to slow down so I'm going to shut it down. Well, I'll show you here.

So uh, my best trade was actually the red to green move right here. That put me up 30 000 on the day that ready green move was phenomenal. That was fantastic. I had another trade through this area pre-market which gave me some nice gains, but this was a bigger trade so some nice trades on it.

A little choppy, but I like the uh, I sort of like the big picture here, which is that we're squeezing up. I hope today closes as a green candle with high volume. I was hoping that we would test 250. We got close in the 240s, but not quite to 250.

it's not really a small cap stock, but it's certainly a volatile stock. and so for that reason, I've been actively trading it, so that's it for me. A quick breakdown and I got to shut everything down because if I keep watching stocks, I will fall into that trap of taking more trades. I know myself well enough to know that I'll do that.

So I got to shut it down and walk away with twenty thousand dollars, 22 whatever it is in my pocket. All right. I'll see you guys first thing tomorrow morning. I hope you really enjoyed that video and make sure you hit the thumbs up and subscribe to the channel if you haven't already.

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