What's up everyone? All right? Well, it's a Red Day recap. We're going to break it down in the recap. I'm not going to go into it right here. You're going to watch it.

You'll enjoy it. Please hit the thumbs up for the Red Day recap. I know these are helpful for you guys and as always, in case you already know, my results are not typical the typical experience of beginner traders losing money. That's why these Red Day recaps are so helpful.

so assume you will lose. and with that assumption in mind, trading a simulator before you ever put real money on the line. Take it slow. All right.

I hope you enjoy the recap. All right. So uh, Red Day recap. Second Red Day recap Because in a row Because I was read on Friday, so I took a good size loss on Friday, I'm gonna pull up my Trader view stats here.

Um, so we can kind of look at them. So as you know, Friday I was down 40 grand. Uh, that was disappointing because uh, well. well, for obvious reasons I suppose.

but especially disappointing at the beginning of the month because I was up about 58 000 on the month and in that one day I gave back two thirds of my profit going from up 58 000 to up only around. Uh, well. I guess it was um, 15 000 or so. So I got to import my trades from Friday, which I'm going to do really quickly here.

But yeah, Friday was not great. So disappointing on Friday. and um, I rolled that right into another red day on Monday. So a couple of a couple of factors: Long weekend that's always nice restful unless you have kids and that's not restful at all.

And so I came in this morning exhausted. Um, you know, had a long weekend and uh, it was a long weekend. So you know some of you already know that. Um, I trade terribly on Mondays.

Um, since having, um, my second child, which was about a year ago. So you know, now two kids and for the last year I have been losing money on Mondays. and it is, Um, it's it's pathetic. Um, it's so it's so stupid.

Uh, but it it's real. And um, there's nothing I could do about it. Just. I mean, well, what? I don't know, It just is what it is.

So and I can get my metrics up here for you. Um, all right. So these are my metrics. Um, net profit.

I'm going to move these over here. Trading on Mondays. There you go. So I'm just adding another loss here.

And by the way, I'm down 22 000 here. but I'm down another 8 000 in my retirement account. so I'm down 30 000. So you know Mondays.

Um, you know it'd be hard to understand how I could do so well on these other days so well and not produce anything on Monday. And the only the most obvious explanation for this sudden shift is, um, you know the start change on in my in my life and I think that it speaks to just how outside forces in other aspects of your life can bleed over into trading. And you know I mean this is just part of it's part of life. You know, if you've got a lot going on, you know it's going to have an impact.

And so it clearly has for me. And it's It's disappointing that, um, I've not been able to kind of break out of that here. So here I am, another Monday and it's Tuesday. But really, it's the first day of the week and it's so it's Monday and I'm I'm in the red.

And uh, so now I've got two back-to-back red days and I think what makes me most upset about today? I I feel really pretty upset today, and I think the reason I'm so upset today is because, um, it feels so familiar. Wasn't I just here two weeks ago with a 41 000 red day and then the next day 29 000 red, right? I'm looking at the calendar and it's like I was just here. It was two weeks ago, you know? And and that's that's really, really annoying. So you know it's like right now, every two weeks I got two weeks, two weeks prior, those two back-to-back red days, and then a nice green streak, and then two big red days, then another nice green streak, and here we are with again.

these two red days. So carrying over into September 41 000 on Friday on five trades and then another 30 000 today. and so just like that, I'm back to um, well, I'm going to be red on the month, I'm going to be read on the month by 15 000. now it's okay.

I can handle that. I can recover, but it's disappointing. It's frustrating and it feels like a path that was laid in front of me that it was going to happen. And you know, I was too stupid to look right in front of me and see it and avoid it.

And that's extremely upsetting. So I'm upset with myself much more today than I've been in a while. Um, yeah, just repeating that. Kind of same like falling into that same trap again.

That's what gets upsetting and that's you know. Of course we talk about how, um, how difficult trading can be in the most difficult, um, component of it are the emotions. So my first trade was on Irnt and on Irnt. Uh, I bought this.

It's our leading gapper and it's failed miserably as you can see, so had a huge move on Friday from 16 up to 40 bucks. You know, of course I didn't trade it Friday. it's five o'clock you know, after hours. But um, this morning I saw it recognize this pre-market pivot around 37.50 and also recognize what appeared to be ascending support once twice.

And so I bought it right here and right there. I lost 15 000. So that was my first trade of the day. Um, and I got some slippage on it.

That was so where I made the mistake was taking too much size. I bought 13 000 shares, I started with 9 000 and then I added. I added at 32.97 for the break of 33 and this candle dropped from 32.50 to 30. 2.50 cents in one candle.

I tried to sell at 32 14. And I got a partial fill. Let's see, I filled. I don't know it was partial fill in any case.

And then I canceled the order and sold the rest below 31 over a dollar of slippage. So I got a lot of slippage on my exit. and um, my last shares were out at 32 and two cents. It hit a low of uh, 29.80 before popping back up to 31.12 So you know I.

I bailed and then I looked and I was honestly shocked that I was down 15 000. I didn't think I. I mean I lost over a dollar a share. So um, unfortunately.

um, that was how I started my day. Immediately in the red, then Rnxt on this one. I got kind of emotionally fueled because I saw it rip here from 1150 up to 1225. And then I took a 20 000 share trade and I ended up taking it Basically right on This red candle.

Here hit a high of 12 30 and then I stopped out down here as it broke this bottom of 1166 so I held it too long. I took too much size and lost 7 grand on it so that was not fun. Um, and lex I tried a small trade on that and whatever lost 74 bucks. That one I don't care about.

but so those are my trades There put me down 22 000 below my 20 000 um, max loss. I then took another trade knowing I was below max loss uh, but was frustrated, emotionally fueled, and said well, screw it, it's already a bad day, Who cares? Not a good emotional state to be in, but went ahead and took a trade on Rklb. that was, um, I don't remember where that was actually now looking at the chart, but um, hit a high there of 1590 and then came up to 16.50 So I traded this stock, made 2100 on it, I was actually at 4500 and then lost half and then fcuv. Uh, I took a trade on this.

I thought this would work better, which was, completely, um, stupid because there was no reason to think it would work better given that the leading gappers had failed. So it was delusional to think that this would do anything at all. Uh, and I proceeded to lose ten thousand, seven hundred on it. And with that, I said, all right, I'm done for the day.

I got in for the dip and rip on the halt resumption and then just lost 10 grand, right? It was the wrong day. The momentum wasn't here. We didn't have hot momentum today. This was not like last week and you know I feel frustrated because last week when we had some of these Big Momentum stocks, you know I didn't capitalize on them as well as I could have.

I could have made more. If I had taken the risk I took today, I probably would have made more. but instead, you know this is totally classic emotional trading. You take high risk on a poor quality setup and then you've got a big loss.

You weren't really thinking you were going to lose that much, but you know it happens. and then, uh, you know you overcompensated on the wrong stock, You overcompensated for missing the big uh trades on something else by taking high-risk trades on a low quality setup, and then you just lose money and you would think, uh, you at a certain point would get better than that You would think and you would be wrong because trading is so difficult. From the emotional perspective, you keep falling into those traps and really the only difference between um, you know, sort of falling into those traps maybe today and falling into them a couple years ago is that I'm now at a level where I trade with larger share size and the profits I make in between these reds back-to-back rent days is bigger. So I am net profitable.

but a beginner trader who has a very similar pattern of you know, two weeks green and then two huge red days. More likely they'll be losing money. so they'll have you know 10 steps forward and then in two days they'll take 15 steps back and then another two weeks will be like 10 steps forward and then another 15 steps back. So they're they're losing money.

Uh, overall, it's not. Uh, usually for most traders until you're first breaking. Even so, you have two steps forward and then two steps back and then two steps forward. Two steps back.

Once you're breaking even for a period, you're keeping your head above water and that I think is the beginning of the turning point. And then you start to actually make some progress. But a lot of people give up before they actually have that turning point. Some may be destined to never have that turning point and others give up before it happened because they couldn't afford to keep training or they got too frustrated and you know there's a million other good reasons why someone would stop trading.

But yeah, So for me, um, it still happens. You know, every um, you know, you look at my metrics. you know back here from January and you know you'll see pretty consistently that you know every couple of weeks or months or whatever it is, you know I'll have a drawdown. I started the year going red 184 until I got back and then immediately I went back to down 300.

then I got back and then I went down 30. got back, went down 30 again, then went and then like a month went by. in April went down 30. a couple weeks, then I went at the end of April 100 grand made it back.

So these little stretches of flat are basically the times my account was at all-time highs and I wasn't recouping lost And you know you look at that this year and it's like wow, I spent a lot of time this year recouping losses a lot of time and I'm not super happy about that. Um, my longest stretch of not having a big loss was looks like from May until June 15th and that wasn't even that long a stretch and I had a good 77 000 loss and another two week spread. The good news though, Um, and what this doesn't really show you is how sort of how big the ups are. Um, you know this is total profit of 2.2 million.

So clearly the ups are are big, they're significant statistically and you know they're there. This was a week one week stretch where I made almost a million dollars. You know, in two weeks or whatever. this was a huge stretch and then so I was down 180, then made almost a million then lost 300 and then you know, rallied back up.

So another million. So I think that there are, you know, a million different ways to approach trading. Obviously, as we know, and I approach it, uh, from a pretty aggressive perspective of trying to quickly and aggressively grow an account. And that doesn't come without risk.

So I take risk. I've made this year 7.2 million and I've lost 4.7 I don't know if I've had years where that ratio was better, but this year's felt kind of wild. Had some nice long stretches last year without drawdown, and most of my drawdowns last year were smaller. So I had a good stretch from like a two-month stretch of no draw down.

But you know they got bigger towards the end of the year. So last year was 7.9 million and the loss is 3.3 So a similar level of profit, but significantly smaller level of loss last year, you know. But that's just part of training. every year it's gonna be a little different.

So anyways, that's where I'm at here today. Um, I'm gonna take uh, tomorrow off. so I'm not gonna trade tomorrow, but I'll be back in my office, um, on Thursday and hopefully we see some better opportunities on Thursday and kind of just flatten out this week. Um, kind of.

just get back to, you know, a couple of small base hits and just trade more conservatively until we see better momentum and maybe take a couple more days of just trading small size or something like that, Because um, you know, right now, the market's not hot enough to support trading as aggressively as I have. And that's that's the biggest problem is, I'm not good at going slow, I just kind of go full throttle like always. And then days like today, or in hindsight, you know, why did I go so aggressive. But days that become the biggest, biggest green days might have also been like, why? why What Would have told you to go so aggressive early and I just started aggressive and then just kept going aggressive And then it finished as a huge green day.

So that's just kind of how I'm wired. Net profit is what I look at. It's positive. not right now on the day, of course, but uh, over the longer period of time.

So uh, you know, the month or so that I've been trading on vacation and traveling I've made about After today's losses, I was up about 280 000, but we'll be up a bit over 200 still, which is good. So trading and traveling has paid me 200 000? Uh, this this last month and it's better than if I had just taken the whole time off. Yeah, I've had some good red days yesterday and the day before, or yesterday and Friday and today and two weeks ago. but um, had some really good green days too.

So just gotta wait for the next green day and green streak to come along and do what I always do. trade aggressively and get this month, uh, into the green again and hopefully end up finishing the month closer to my goal of the 200 000. So 100k 100k is the first goal and then 200 the second and I finished the month of. um.

Now I actually can't remember where I finished the month of, uh August? Let's see, it must have been somewhere around 150 or 160. let's see, just log back in here. I'm sorry. So finished the month of August 81, 30th, 190 in gross profit and 168 in net profit.

so 168 000. last month it was good. So anyways, um, that's that's my day Red day recap, but I'll be back at it and I'll see you guys on Thursday. Okay, see you then.

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