What's up you guys? Well, I just finished my morning trading and I'm gonna do a little recap for you. Go over the trades I took this morning. Uh, today was a decent day, had some good momentum. no home runs, but a couple of basics about three decent base hits.

That got me green on the day. two small trades, but green on five out of the five stocks I traded, which you know, can't really complain about that. And now I get to spend the rest of the day being outside enjoying some, uh, some time by the fire and I'm making some maple syrup. Fresh maple syrup.

This is going to be, um, fun. I I've been enjoying doing this. This is kind of my springtime routine that I do with my kids. so uh, you know, and I think it's important to make time to be away from the computer because it's so easy to get sucked into the computer and I I find it.

I'm gonna try not to lose a finger. I find it myself that if I sit and I keep watching stocks, I'll just keep trading. I'll keep trading, I'll keep trading, I'll keep trading. and then next thing I know, you know what's happened in one or two trades that just went wrong.

Because luck of the draw, You know things happen. I end up giving back half my day the whole day I go Red. On Monday I went from up 25 000 to Red 25 000. that's not okay.

I can't keep doing that. So today I got green, hit the daily goal and I'm shutting it down and I'm not looking back. I'm not going to look at scanners this afternoon because I don't want to risk going into the Red. I can't afford it.

So trying to focus on consistency and you know, getting out of the office, it's therapeutic in a way. You know, just to get yourself doing other things. It keeps your mind busy, keeps you occupied. It's very easy to fall into that desperate mindset as a trader.

And when you start getting desperate, that's when you're bordering on not really trading. But at that point, gambling. You know if you're is so desperate and you feel you so badly have to win that you're willing to take obscene levels of risk. You're not making good decisions and that's not going to sustain you as in a career as a trader.

So manage your risk, Trade smart and hope you guys enjoy the recap. Hit the thumbs up and I'll see you on Monday. All right everyone. So I'm gonna do a little recap of today's trades.

So finishing the morning at twenty two thousand, nine hundred, Sixty two dollars and Ninety five cents. Uh, Profit on Ixhl P I K A K A N A L L G I M P P Green on five out of the five stocks I traded. This would be typical of a morning where I'm dialed in and the market is hot. Uh, a morning that I'm not dialed in and the market is cold.

I could be red on the three out of three stocks I trade before I hit my max loss and I'm down 20 grand. So uh, you know to give a little perspective of where I sit. Well, a couple things. so um, reminder.

In case you didn't already know, St. Patrick's Day Sale is going on right now and will end on Monday. The 14 day money Back guarantee is valid for anyone who joins using the Lucky 40 coupon code and that will also end on Monday. So the 14 day money back guarantee is just for traders who join using the coupon code lucky 40.

But when the sale ends Monday, so does the 14 day money Back guarantee. So you still of course still have 14 days. if you join. Today, you have two weeks, but it's a special that we're doing right now.

So reminder of that now. Um, I'm going to pull up my Trader View metrics. This has been a, you know, kind of rough, um, month for me. I had five days of profit and then you know, thirty six thousand dollars.

Two big red days back to back last week's eighteen thousand, seventeen thousand, no trade. Thursday made 16 000 on Friday, which ended up putting me about uh, well, actually green slightly on the week, right? basically flat, but 25 minus 18, minus 17, but then plus 16.. this week I started up 900 and then I lost 25 000 bucks on Tuesday. That was disappointing.

I made back 12 000 on Wednesday another 12 000 yesterday and today I'm at 22 900. So this is going to be a Green week, but was basically a break even week coming into this morning. So these last two weeks have not been super easy both days. it's been on Friday to save the week and get me back to Green on the week from break even and or from Red and I managed to do it today.

I wasn't sure I would. My first trade was on Alg, which I'll go over in a second, but yeah, I want to remind everyone as always that my results are not typical. Uh, most beginner traders do lose money, so make sure you trade cautiously. My profit loss ratio so far this year has not been super impressive.

Average Losers 1900 average Winners 1200 Accuracy about 67 percent four or five minute long average trade times. so trades are pretty quick. Uh, average daily gain About, you know, thirty eight hundred which feels quite small and it is. But the fact is, if you look at my, um, my equity curve, you'll see right here.

this is kind of what it looked like. Well, it goes 60 days, you know, I made 100 grand and then I gave it all back. So by the end of the month I was only averaging you know, a thousand dollars a day in January because I ended up finishing up 25 grand because I gave back so much profit. And then I made 85 000 in February.

But now here in March. Um, you know I was only. Let's see. so for the month of March before today, what was I at? um 33 000? you know before today and gross profit.

So today will put me up at 50. which is good. Uh, but that's only averaging 2 700 a day. and it's because of how choppy it's been.

Now you know, when we're talking about choppiness, we do have to look at the overall market and the headwinds, which we've certainly had. S P 500. we're in. a correction, it's below the 200 moving average.

This is, you know, a period of a lot of economic uncertainty. We've got inflation, we've got the Fed increasing interest rates, we have, um, I mean, we have the very real issue with the cost of oil going up. and then we have, uh with higher interest rates with the cost of oil going up. I saw an article yesterday about Alibaba planning to terminate like 30 000 employees or something like that.

So then do you start to see higher unemployment? Do we start to go into a recessionary period? So these are questions that people are asking and you know if we do, then you know what do you trade and what do you look for? What are the opportunities? So you know, trading in a Bearish market is different from trading in a super, you know, strong bull market. We had a really strong bull market from March of 2020. You know, all the way. Basically, until like, January, uh, January 15th and I was.

You know, my last hundred thousand dollars that I made was those first two weeks of January and then since then it's been. It's been slower. So how do you trade in a Bearish market? You have to be more conservative. You have to trade with smaller position sizes.

You have to take smaller gains when you've got them if you want to. If you want to do well, I think it's very important to be able to be okay with sitting tight and not trading because the opportunities are going to be fewer and further between. There are trending opportunities if you're looking for swing trades. If you start looking for accumulating positions, you can do cash, secured puts, and you can do covered calls if you end up accumulating a position.

but those are more of a swing trading strategy that's a little bit different. So the best thing for me to be doing right now is to keep my positions smaller for my active trading account. probably to take some money out of it and put some of that money into the S P 500 Etf long term. so put it away and don't look at it for a few years.

Historically accumulating long term positions around the 200 moving average has made sense. Even if we go below it, it's still been a good spot to accumulate. So uh, so that's probably a good strategy. I'm happy to see Pik moving a bit higher here.

I traded it on this last candle that hit a high of 720, but I um, lost like 300 bucks 400 bucks. So I was sort of like, you know what, you're having a pretty good day and then when I saw it come up and do this false breakout, I sort of thought, you know what? let's just leave it alone. But sure enough, it's broken out. So what's happening here? Some shorts are getting squeezed and it is breaking.

It's breaking through these two previous double tops. You've got no resistance till 8 30 on the daily and then above 8 30 you've got room to 10 49. So you do have a nice daily chart. Uh, no doubt about it, there's a good amount of room, but it's about managing risk and so you know This is a perfect example of a day where in a hotter market I would probably still be very aggressively trading.

I'd be very aggressively buying dips, but at the same time over trading can really get you into a jam. So let's look at the first trade I took today. alg currently up only 1.8 so I bought this one at 11.87 Way up here at the top of that candle. I bought 1500 shares and then I added another 1500 shares as it broke through 12 and took profit as it squeezed up to 12.50 So this was the move.

It went basically from 11 to 12.50 and I captured about that much of it. And I made 800. So I captured a small percentage of that move with 3 000 shares. One of the things I said during the recap uh, yesterday and that I've mentioned other videos is that as a day trader, we're looking for volatility.

We need to find volatility. And so we're looking for something that's moving. You know, 40 50 percent like Pik is, Pik's up 50 right now. So if something's going up 50, even if we can only capture a small fraction of that move a fraction, fifty percent is certainly more than a fraction of five percent.

So each day, whether it's a bear market or a bull market, we're going to be looking for the biggest gainers. You could look at the biggest losers for reversal trades, but if you do that, you're going to be getting into the habit of trading smaller moves, Your risk is still high, your profit potential is lower, and you're you're going to not. I do, as well as if you focus on leading percentage gainers in my opinion. So so Alg.

That was the first trade and then we had Ixhl. Ixhl. Uh, hit my high day momo scanner. So initially some traders mentioned it.

uh and you could see. let's see. So a Llg hit my scanner as well. I got in that just a little bit before because it was already on my Gap scanner so I was already looking at it and some people were mentioning I just bought and I watched it go from 11 to 12 or 11 to 11 50 1180 And so I jumped in as it was squeezing Ixhl, it starts squeezing up here, hits the scanner and initially I said you know I'm not sure about this one because well, I traded it earlier in the week and I mean this was kind of.

I mean the chart is kind of wild. You had this big pre-market move, sells off rallies back up and we traded it and this was what I made money on. on. What day was this? Um, this? This was on Tuesday, the day I closed the day down 25 grand.

So I made some money on this and then I got. I was holding a halt going down and I capitulated and sold At the bottom, it bounces from 40 all the way up to 84. It's really really ridiculous. The next day I got a little bottom bounce here from 20 back up to like 22 pre-market Yesterday I didn't trade it at all and then today someone mentioned hey, look at Ix Hl it's bouncing again It's a dead cat bounce.

So dead cat bounce is it's an expression. It's not a very nice expression towards cats, but it's an expression, uh, you know cats land on their feet and maybe spring a little bit so you know you have a big sell-off and then a little bounce off the low right here and that's what you ended up getting. um, a little bit of today. and so when someone mentioned it, I pulled it up and I said, all right, I see that I see it, It's interesting.

I don't know, I'm not sure if it's gonna if it's gonna work. I like the idea, but I'm I'm a little. I'm a little unsure so let's see. So it ends up going uh first from 1240 up to 13.

hits 1320 and it kind of pulls back a little bit and it goes up to 13.35 as it broke 13.50 I said, you know what, I'm gonna punch it. I bought 1500 shares at 13.50 All right. So I bought 1500 shares at 13.50 I added another 1500 shares it for the break of 14 right here. And then I took a little profit off like 14 20.

and then I added back at 14. let's see 61 and 1433 and 1480.. So I added back in these areas here for the micro pullback and then we got the break over 15. I took some profit around 15 31.

then I added back at 1544. 15 45 and 15 60, 15 78. We ended up getting a move here up to 16. I took some profit at Uh 15.

Let's see 96. I don't know if I filled anything over 16. it doesn't look like I did. Um, now 1603.

I got some fills and I got one exit. Yeah, I was about there. So anyway, so I got some profit on this as it went back up and so on this one, I did a little bit of a better job capturing. you know, a larger piece of the move Now of course, from my initial entry to my exits as always, buying Buying taking some profit, Buying Buying taking some profit.

If I just bought and held the whole thing for the whole move, I certainly would have made more. On the other hand, if this had immediately reversed back down to 1250, I would have been read if I had not taken profit off the table. And that is a reminder. as we look at the next stock aka A N this one if you didn't take profit, you went red on it.

So on this one I saw some people mention when it was around eight dollars as it popped up here to 8.78 it had just popped from eight dollars to 8.78 And so people were saying hey, i'm I'm trading Akan because this was the stock that was going up on the same day or in sympathy to Ixhl. This day. here it went from ten dollars all the way up holy Smokes to twenty dollars a share. This was an impressive move.

Look at that. nice trade, pull back and another nice trade. So this again is a dead cat bounce. And because it's uh, sympathy to Ixhl, this made sense.

So on this one I took a starter at Uh 879 and then I added at 8.55 888, 10.59 10.50 10.71 and I was looking for the break of 11. And then I took profit at 10 55 as it came back down. So I I added at 10.71 and the high was 1094. So that's buy high, sell higher.

So I started adding and I kept adding. The fact that it moved that much and the fact that we had this big of a move two days ago made me want to keep adding. uh but then it it started to pull back and so I sold. As it started, you know the waves started to roll back in.

I took my profit at 10 55. I tried to do a dip trade at like 984 thinking okay, it dipped off the V web. let's see if it bounces right back up. I got out at 10 15.

and then I got back in at 9 57 and then I sold at 9.69 and then I was just like wow, this thing is really selling off pretty hard it's not holding and so I left it alone. The candle was high volume red and so I was a little disappointed that didn't hold up better. And then almost immediately I switched over to Pik. And this is something you'll notice in trading is that as momentum shifts from one stock to another, if if Pik hadn't come into play, odds are attention would have stayed on Akan and Ixhl, But because momentum shifted and pickstar to open up all of a sudden, you know it was like those stocks were yesterday's business and now it's all you know.

Pik is the one that we focus on and it can be really disappointing when that happens when you're still holding the one that now people are losing interest in. because volume is declining, people aren't buying it, they've moved to the next exciting stock. Then you know the new shiny object and traders can be very fickle and just like that, we're done with one and we're off to the next one and you've got to be kind of ruthless. We don't want to get married to these stocks, we just we let them go, we trade the volatility and then we let them go and and that way you don't get caught holding it too high.

So Pik, I started buying right here on this candle and going into the open. I added for the breakthrough six and you know I didn't capture this move as well as I could have in terms of profit, but my best exit was right up in this candle here of 720.. So this is where I traded it. Right in.

right in this area. and you know I did pretty well on it. I added seven thousand dollars of profit and that brought me from 15 000 on the day up to 22 023. I got to 23 and then gave back like 400 or whatever.

300 off the top. I think I was at 23 300. And so now I'm just kind of like, You know what, Be grateful you've had a good day and you just recovered from being, you know, flat red on the week to green thanks to the last three days. Why don't you put that money in your pocket and let's try to have a better week next week, we still have two weeks left in the month of March, so I'm sitting now at 50 000.

I think it was what we were looking at in gross profit. again. To reiterate, my results are not typical. most beginner traders lose money, but that's where I was sitting at in gross profit.

So net profit after fees and commissions certainly less than that because I've been trading quite a lot. But in any case, um, you know, trying to make my way back to back to the highs and I finished at 85 000 last month. Here we go. Sorry, so uh, so this is my year so far.

44 000 in us this is gross profit so 44 104 and 33. So let's switch to net. that's after fees and commissions so 25, 86 and 15.. So add today's 23 so that'll bring me up to 35 or so.

Which is good. Um, and with two weeks left, you know. I mean, look, if I had three more days like this, that would add sixty thousand bucks and I'd be up over a hundred grand on the month on. You know? So and today wasn't It's not like today was a home run day.

Today was a day where I had three decent base hits and two smaller winners. So if I can have that kind of day, you know two or three more times in the next two weeks, 100k is within reach. You know it certainly is. But if I have another day like this or like this, or like this, that's going to be a problem.

That's going to be a problem. So I need to manage my risk. I need to take it a little slower and try to, you know, hold it together. This is my equity curve for, uh, like I said for the year, it's It's a mountain range.

up, down, up, down, up, down, up, down, back up, back down, back up, back down, back up. So I was at 127 on the year before today, so that'll bring 130. So put me at 150. My all-time high of the year is only 157.

However, if we contrast that today's uh, the 18th, let's look at 2020, same same time period 2020. So in 2020 I was up 87. I gave back half got back to 70.. So I'm ahead of 2020.

let's look at 2019. 2019. Much much cleaner equity curve and I'm a little behind 2018, but only like one day behind 2018 2019. Sorry 2018.

Oh yikes. So uh, so I guess that's a little bit better when you the 30 day doesn't look so great. Uh, but I wasn't really down that much. So about the same as 2018 2017 was when I started my small account challenge with uh, 500 bucks.

so it was only at 90. But of course I started with 500 in my account so that's pretty impressive there. And then let's not forget about 2021. minus 180, 160, up 784, back down, and back to 1.3 million.

Holy moly. So that was an anomaly and that was Gamestop that was traded Gamestop. so you know, had one huge red day. Uh, but a few huge green days and that made all the difference and the market was just super hot.

Okay, so that's not going to be every year. That's atypical. but when we compare to more typical years, you can see that. Um, I'm pretty much on track.

It's just a little disappointing that it's been, um, as choppy as it's been. I would much prefer that 2019 kind of equity curve where it's just like slow profit each day, you know, without a significant draw down. But I put my money where my mouth is. I go big, I buy it the highs, I often buy tops and and I size up.

And you know. So the thing, like on Akan or some of these others, you know. The first couple trades I'm in with small size and then I add back with bigger size. And so when I add back with bigger size and then it does that false breakout, you know I get.

I take a big hit and it hurts. and I've taken a number of them this year. So why do I keep stepping up to the plate? Why do I keep stepping up to get you knocked down to get knifed? And you know, for me, it's it's very hard to. Um, it's very hard to unwire that aggressiveness that I have in me.

I trade aggressively. Everything I traded today was moving before I got in it. Right when I see something starting to move, I jump on. and I jump on quick.

So what's the difference between something moving in a hot market in a cold market? As it's moving, it looks the same. as it's moving. it looks exactly the same. The difference will be the resolution, how high it goes.

And that's what's been really hard for me to keep in my, you know, the front of my mind as I'm doing sort of a, uh, intuitive impulse jump in something that you know, buying a top like right up here this could this could really hurt you and I'm glad that I hesitated on this trade and didn't take it even though it went higher because the risk after those two false breakouts was really high and now it's pulling back so I don't think. yeah, I don't think my story is is really, um, probably inconsistent with a lot of traders. We're all looking for opportunity. You know, we're bottom feeders in the market in a lot of ways.

We're just trying to capitalize on the bits of volatility here and there and capture small pieces of it. And when the market is colder, we tend not to do quite as well. We do better in volatile markets, and so trying to find those waves of momentum each day can be challenging in a slow market. And I'm optimistic that I'm going to see great opportunities every day.

And it seems like I'm getting great opportunities like, uh, maybe half as often as I'd like. Win versus lost days: Eleven thousand dollar average win days. Eighteen thousand dollar average loss days. I've made 383 000 this year, but I've lost 250.

accuracy on the lost days is poor. Um, you know that's a little disappointing. I can go do a compare here. Winning trades versus losing trades.

Let's go back. Um, so these will be winners and then we'll get the losers. But you know, I mean it's so average. Winners are 15, 000 average losers are 12..

But as we saw my, my accuracy is only 67, so I just need to tighten up that accuracy a bit. And um, that'll That'll help tighten up the accuracy and try to reduce the size of some of those losers. And that can mean by trading with smaller size. But if you trade with smaller size, the winners are going to be smaller too.

So it means maybe on days like today. Once I get some profit, easing off the throttle a little faster uh, and making sure I don't because if I get myself positioned too heavy with too much size, it can be really hard to unwind that position and then I can get emotional and I can get stuck and married to it. And then I end up really digging a hole. So I've just got to be a little bit more mindful that the market that we're in right now is a colder market.

It'll heat back up, and when it does, I'll be here ready to trade it. But in the meantime, I don't need to take tremendous amounts of risk because this isn't the right time for it. So that's it for me. That's it for the week.

I'll be back at it on Monday as always. Uh, hoping uh for some good opportunities next week and I'll see you guys then. All right, have a great weekend. We'll see you on Monday.

Remember uh to use the Lucky 40 coupon code if you haven't already And as always, trading is risky. My results are not typical. Most beginner traders lose money so take it slow 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.

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