Well, I got smoked today. Red day recap. Man, today was nasty. Uh, it was.

I had a good start. I actually got myself up 10 000 before the bell rang, and unfortunately, uh, shortly after the open, I chased Orph into that squeeze and I lost 15 000 on it. And I went from green on the day to Red and I actually got myself down about ten thousand. So I got myself down ten thousand dollars on the morning in.

my main account, hit my max loss there, switched to my retirement, began digging myself out of the hole, made back about ten thousand on Orph, so got myself back to flat on the day, and then made another couple thousand on a few other trades. I was up two, three thousand on the day. But then I started to give a little back and I gave back first a thousand and another thousand, then another thousand. And then I, uh, fell into a bit of an emotional trap.

I've been very mindful of the fact that I'm on a hot streak. sixteen consecutive green days, or maybe 17.. And so I actually logged into my Lightspeed account. I said, what's my P L right now to the penny after commissions, I was down about 150 200 and I said so.

I did the math right here. I was um, 10, 548.89 Uh, Green in my retirement, but read 10 798 and 15 cents in my media read by like 250 bucks as if that makes any material difference. And yet I wanted to get Green. So I took a couple more trades on Orph and I got Green by about like 500 bucks.

And then I took one more trade on Orph and I lost Seven thousand. Seven thousand bucks. So now I am basically down seven thousand on a day. Six thousand, Five hundred.

At that point, I took a trade on Amc. First trade was a winner. Second trade was a pretty big loss. 50 cent loss on 8 000 shares.

So I'm down 2800 on Amc. Took a trade on another stock. Um, I think I took another trade on Orph and lost another couple thousand there. So got myself basically to break even in my retirement and still down 10 000 in my main account.

And that's when I saw Utme Utme down 50. No news and I say, you know what? This thing's got to bounce. I'm gonna look for a bounce and I took a starter. at 33.

thought it was going to bounce. It looked like it was going to bounce caught in the hall going down. so I got in too early. Goes down to 27.

I added to it. Uh, it goes down to 25. So I'm in. I think three halts going down, then it resumes and squeezes up.

Looks like it's about to halt going up. It almost does. but I still would have been down. Like almost.

Uh, at that point I think it's still six thousand dollars or something on the trade. It looks like it's about the hall going up and then reverses back down to the low. I stopped out and lost twenty seven thousand. uh sorry, twenty nine thousand on Utm.

So a thirty thousand dollar loss. The biggest loss of the trade. Biggest loss of the day. The last trade of the day, Emotions getting higher and higher and higher, The risk getting higher and higher and higher.

And I fell into that trap today. So you know I always say easy come easy, Go today. In the first four minutes, you know I'd been like up ten thousand, down Ten thousand, Back up. You know, three thousand.

I mean it was crazy and today was super super choppy. So you know I should. I really really really really wish that I had just cut it when I was down 250 or cut it when I was up 500.. why didn't I have the presence of mind just to get up and walk away from my computer? You know, I'm I'm a trader and I just always tend to go back for more.

If I haven't hit my max loss, I go back for more. I had a couple green trades and I was going back for more and then I got caught in a loss and what should have been um for me, just the queue to walk away I ignored because of the consecutive green days. So I you know I always say my results are not typical and that the typical result of most traders is losing money. And it's not just because they don't know the skill or they don't have a strategy or they don't have the right platform.

I mean you could have the right platform, you could have skill and you could have strategy and you could still lose money because of your emotions. And today it was my emotions that that cost me 37 000. Plain and simple, it was my emotions. So I.

This is a little bit of a lapse for me, you know. And of course the last 17 days being green. Most of those days didn't really test my emotions too much. But I did have a day.

Was it yesterday or the day before? Um, where I was read ten thousand? Uh, maybe it was fifteen thousand or something like that And I recouped it and finished, Uh, finished green. So you know I sometimes it works and sometimes it doesn't But I'm questioning. You know the value in even looking at how many consecutive green days I have. Like, what's the point of that? All it does is create this little mental trap because you know eventually you will have a red day obviously.

So what you've done is, you have just set yourself up that when that day comes, you're going to be emotionally fueled. You're going to refuse to cut the loss, and then you're going to get smoked. So I probably should never count how many consecutive green days I've had like every year. Because what's the point? And honestly, this isn't the first time this has happened where I start counting consecutive green days And you know usually it happens because I'm just like wow.

Market's been really hot, I'm on a hot streak and then I pull up my my metrics and I see it on the calendar. I haven't had a red day this whole month. Wow, it's been 20 days and then I start counting. So you know I don't have to look at the calendar view.

I could hide that I could just choose not to look at that then and maybe I should. So you know the fact is, um, in the last 17 or 18 whatever days, I've made, uh, 375 thousand dollars gross profit before today. So being down 37 000, I'm giving back basically 10. So 10 steps forward.

One step back. Okay, I can handle that, but I don't want to lose more so I have to be really careful tomorrow that I don't lose another 40 grand and then start to dig myself a deep hole because right now I'm down 40 000 or so off my high of the month. I was sitting at 200 and I don't know what it was. I didn't look super closely, but uh, like 240 000 on the month? I'll just log in and just double check.

Um, so I was sitting in in pretty good shape on the month. Which means with this loss, you know I'm still green on the month. So I was up 250. So now I'm back to up 200..

So you know I've given back. that's a good chunk of the month to give back. You know that's 20 of the month. So uh, I've got to kind of set, uh, set the line for myself just to be very careful tomorrow and and for a while, just look at my metrics just as the numbers and not look at the the calendar because that's just not working for me and it causes me to fall into this emotional trap.

So that's um, hopefully a lesson that you learned from me today. As always, trading is risky. My results are not typical most beginner traders and most even season traders find themselves losing money. So I encourage you to trade in a simulator before you put real money on the line.

And um, I hope you guys enjoy the recap. Red Day recaps are often popular because you know it kind of. It shows. the struggle and the struggle can be very, very real and the frustration can be very real.

it doesn't you know? So I gave back two days of profit. Um, you know I'm whatever. let's see on the year right now. Um, gross profit on the year is going to be over 2 million.

but let's see what it is to the penny. So gross profit on the year is 2.2 million. you know? So it's like today doesn't make any material difference really in either of my accounts or on my month. Well, my year for sure.

The month maybe so. but um, so I try to remind myself, you know, if it doesn't really make a material difference in the big picture, it's really no use in getting bad ass shape over and getting, you know. Really really bummed out. I wouldn't be like celebrating and going and doing something crazy if I was up 37 000 today.

so there's no reason getting crazy bummed out because I'm down 37 pounds. It's just not worth it by next week. This what this day will be water under the bridge. So I just have to keep myself focused on not turning one bad day into a kind of like spiral.

That's what's really important so that will be something I'll be talking about tomorrow morning as I sit down to get ready to trade. All right, So thanks for tuning in. I hope you hit the thumbs up. Enjoy the recap and I'll see you tomorrow.

All right everyone. So this is a brutal day for me. This is a red day recap. I'm down twenty seven thousand in my retirement account and another ten thousand in my main account.

So a thirty seven thousand dollar red day? Um, it's important to keep perspective on these types of days and so I'll do that just by pulling up my trades from the week. So today is Thursday and uh, yesterday was 20 000. The day before was 30, the day before was 13.. So I gave back basically the last two days of profit.

All right, I can handle that. but it is really discouraging. So where did it's really discouraging for a couple of very specific reasons. So I started my day in my main account here on Isun and on is Un.

I actually made pre-market about five thousand dollars on it. We got this squeeze here and I wrote that momentum and I made about five thousand dollars on Isun. I then jumped into Orph pre-market as well and I made uh, 5 000 on it. So I was up 10 000 on the day.

Then I chased it too high and I lost 15 grand. So I went from up 10 000 to down 10 000 on the day. At that point, I was like, all right, let's switch to my retirement account and see if I can start to recoup some losses And I got myself up thirteen thousand. I was green on the day by two thousand bucks.

Green on the day, recovered the loss and got myself green. And then I had, um, a couple of trades on Orph. Where um, I gave I I started to go back into the red. Uh, we had a false breakout right here.

at 1845. I tried to buy the dip off the V web right here at 16.50 and I stopped out at 16 and with 10 000 shares, I lost 5 grand. And so with a couple of losses there and then one loss on Amc and one loss on Vino, I was basically sitting break even on the day. uh, sorry, No, I was sitting.

Um, I was sitting break even on the day after. So I was up. I was down ten thousand, I was up thirteen thousand. Then I lost three thousand and I was up.

Uh, basically I was actually down two hundred fifty dollars on the day. 250 bucks. And I say, you know what, I really don't want to break my consecutive day green streak right. Something that the market certainly doesn't care about.

but I care about. So I've had this green streak here of 2, 4, 6, 8, 10, 12, 14, 16, 17 days. And I wanted today to be the 18th day even if I was green only by a hundred dollars. And so I got back in Orph And so that was actually right here.

So I got back in Orph and on this break of V web, I made 500 and I got myself from Red 250 on the day to green by 500. Did I stop there? No. And that's when I bought the dip at 16.50 and then it flushed to 16 and I was back to down 5 000 and I was like God Dang it it uh, curls up here. I tried it again, back over 1650.

I lost on it a second time. So now I'm down 7 000 and then I saw Amc ripping and I thought gosh man if this thing's so strong maybe I should just jump in And so I got in in sort of the middle of this move right here and I made like 2 000 bucks and then I added back on this one minute pullback right here and stopped out and lost everything I made on it and then was down 2800. So in the red on Amc and that's when I noticed Utme. So this is the one that ruined my day.

Utme. I looked at it and I thought to myself this is kind of a ridiculous sell-off Stock's down 56 percent. You can see right here. this is our level two, doesn't really make sense.

Seems like an overdone sell-off and and I'm the guy that stopped out 25. The low down there was uh 2274. so it looks like it's curling hot going up. So you know The problem is, I got in right here on this on this candle at 30 33.

got in at 33 4 000 shares. It pops up to a high of 36. I was like sweet i'm up 12 000 bucks, this looks good. It then immediately reverses and halts going down at 30 and I'm down 12 000.

on this resumption right here I tried to, um I tried to add I got i think a partial fill it then pops up a little bit here. I was able to take a little bit off the table to reduce the loss and then it drops down here and I said i gotta cut the loss I already held for one halt down and then into two halts down holding into a third halt down. I just i I'm down too much, I just I can't I can't keep losing and I was looking for what it's doing right now which is the first halt going back up and unfortunately I was too early. I was too early on it and I started with too big of a position and um, as a result I had to cut my loss And it may be that I cut my loss right at the low, but you have to draw the line in the sand somewhere and for all I knew it could have kept going lower down to 10..

you know I don't want to lose 80 000 or 100 000 on a trade. It sucks enough to lose 30 but at a certain point you got to cut your losses. Now I did try to cut my loss right here before the halt going down um right here but I didn't get filled. it went, it just instantly halt going down.

I couldn't get out of the position so then that's when I was like okay, let's try to average down. let's see if I can work my way out of this. Maybe I was just a little early. let's try it here.

It doesn't go here. It looks like it's opening a little bit higher. So I thought all right, maybe this is maybe this is the spot right here. It's opening a little higher from the halt, it pops up to 30, then it doesn't break and I'm like oh, I got to start unwinding the position.

I started unwinding it and was selling basically in this red candle and I did get all out. You know. So the low of this candle was a halt down at 24.50 My exit was 25. so I'm out 50 cents shy of low of day and now it's halted up at 28..

So if I was still at 27.80 and it's showing a resumption of 28, 25. So you know, if I was still holding right now, it wouldn't be down 30 grand I'd but I'd still be down for sure. Um, and so today is a kick in the teeth a little bit. Uh, you know it's funny because a day like today, you know the green days.

Like all of these green days, you know, 48, 000, 29, 000, 30, 000. I mean, they feel good, I feel good. You know I'm like, all right having some nice green days. but um, you know it's kind of like okay, good good.

I'm in, I'm in the zone, I'm trading well Well this is what I'm supposed to be doing so you know it feels good but not crazy good. But days like today where I was green by 10 000 and then lost it all and went red by ten thousand, then switched my retirement account to kind of try to start over, got myself to green on the day, dug myself out of the hole of minus ten thousand to up three grand and then gave that back to back to zero on the day, then went to down 500, then got back to up 300 or 400. Whatever it was should have stopped there. One more trade.

Now I'm down seven grand. One more trade now I'm back to down, uh ten thousand or uh, what was it? Yeah at that point I was back to down ten thousand on the day. So I was back to Zero in this account and then one more trade on Utme. Boom! 30 grand loss.

Go from down 10 000 to down. You know, 27 000 on the day I'm in this account. This is this is ex. I mean this.

This is like classic. you know Ross emotional trading in in the sense that I did not want to close the day read: not that it even mattered to close the day down 500. the market was choppy today. It didn't even wouldn't who cares? So I'd be red 500.

So I'd be red 5 000. it makes no difference from a P L standpoint, really, in a material way. But it ends this green streak and that was the problem. I didn't want to end the green streak, so I kept looking for that.

one more trade. That one more trade. That one more trade. and I kept going deeper and deeper and deeper into the red.

And then I had to start. Had to start focusing on higher and higher and higher risk trades. And then I got that one that just knocked me out. And the worst day that I had.

Uh, when I was kind of. it was years ago. It was a 30 000 red day. It was a lot like this.

You know, it was a day where I was probably green. I don't remember exactly. it was probably green. And then I went red.

And then I started going deeper and deeper and deeper and deeper into the red. And then I took that one Hail Mary pass and I got smoked. So even right now, this isn't that bullish of an open. I mean, all things considered, it's really not the strongest open.

This thing is extremely weak. and I don't really know why. it's very. It's very odd.

There's no news on it, it's just it's just selling off. But usually you would at least expect a bounce. and it's just not really bouncing that much. So people are going to start bailing out Below 27 Below 26.

Below 25 People are going to say i don't want to hold on to this thing so well. It's the first red day recap in, um, 17 days, 16 days? whatever it is. So I've had a good run. Uh, in this stretch I've made 375 thousand dollars of profit.

But I'm down 40 grand today. We'll just call it 40 grand. So you know, Essentially, that's um, that's a it's a little shy of 10 steps forward and one step back. If in terms of percentages.

Um, actually, it's a little more. It's a little more than, um, a ten percent pullback. Well, what am I at? No, No, I guess it's about it's about exactly ten percent. So I had ten steps forward and then one step back.

So today I've given back 10 of the gains of my last, uh, my last kind of hot streak. look at this thing. So just coming back down, uh, almost looked like it was going to halt down again at 24.77 So one of the things that, um, a lot of new traders experience are these periods where you know, maybe you had three weeks that were really great like I just had and then on today you give back everything you just made so losing the full 375 000. Or let's just move the numbers.

Let's say you're up 3 700 in the last three weeks and then today you lose 3 700. that is so common. it happened to me so many times. I would have you know a couple weeks, maybe a month, maybe even two months of decent trading and then in one day things would go off the rails and I would give it all back and I would ask myself, man, why didn't you stop sooner And it would be.

It would be emotion. Emotion would have gotten to me. I would have you know, just been too frustrated, too angry. I refuse to close the day Red, You know it, I can't possibly close the day this this far in the red and um, but then ultimately I just dig a loss deeper and deeper and deeper.

So I I do have a max loss set on my account. Um, so I cannot take any new trades today. I'm below my max loss and I actually um yeah so I hit my max loss in my main account and then I blew through it in my retirement account with this loss here. So you know it doesn't stop you from holding.

You could hold for as long as you want. I could lose fifty thousand dollars or a hundred thousand dollars. but once I book the loss, I can't take any more trades. So I am today now officially locked out.

You know, So like if I saw if I got tempted if I wasn't locked out, could I have been tempted to try this again for a long there for you know, or the moment it looked like it was actually going to break? Maybe and take another loss. Or maybe I would go back to Orph, you know, and give that one another try. Or who knows, I could do anything but the fact that I know that I can't I stopped looking. so I just got to shut it down.

And on the month of June, uh, today? I'm giving back more than 10 percent, giving back more than 10 of the profits on the month of June. Uh, but you know that's that's that's trading. Trading is risky and you know that's that's going to happen on the on the year. I'm still in good shape, so you know, as far as the year goes, this is a day that three months three weeks from now is going to be kind of irrelevant.

Honestly, I could have a day tomorrow where I I do really well. My my daily average is twenty thousand dollars, so I kind of try to set my daily max loss at about twenty thousand dollars. I don't like to lose more in one day than I can make, but unfortunately sometimes when you're sitting down 10 15, you take that last trade and it just blows you through the max loss and then you're blown out for the day. And that's what happened today.

So I basically doubled my max loss today, but there's no reason to get bent out of shape giving back two days worth of profit. Yeah, it's a big dollar amount, but it's only two days worth of profit. So it's You know it is what it is. it's It's easily recoverable.

So three days, four days, five days from now. today is water under the bridge. But it's uh, in the moment At this very moment right now, it is, um, disappointing, more than anything because it is a failure in an ability to maintain emotional composure. I went from Green on the day to Red.

That happens. I then had a great recovery back to Green and I should have stopped right there and that, uh, you know that that emotion just to try to make it a bigger winner and to just the greed of seeing something moving and not wanting to miss out on it. The fomo it It got me into the next trade and that ended up turning into a loser and then I had to fight to get back to Green. and then from that point I wasn't able to do it and I started going deeper and deeper into the red and the emotions got higher.

I got more frustrated and then you know I took this final trade on Utme and it just I got smoked and it's you know, down 56 on no news. It seemed like a good a good bounce but I was too early and I sized too heavy and I probably on a normal day might not have even taken that trade because, well, I don't know. maybe I would have taken that trade. I don't know.

I mean, I do like setups like that. that's a big washout, big flush and it usually presents a nice bounce like this one is an example of one that just didn't But you know that's just the way it goes sometimes. So anyways, um, all's well, that ends well in the grand scheme of things. Uh, which is that You know, Uh, despite the worst day, the despite the first red day of the month and it's a big red day, I'm actually still green on the week.

Will I trade tomorrow? I don't know. we'll see what the market looks like. I'll probably come in and take a look, but it's Friday. just had a pretty big red day.

don't want to have a second red day in a row and the market was choppy today. You know it doesn't look like there was anything big big that I missed except for kind of screwing up Amc a little bit. Orph was choppy isun wasn't that great. and of course Utme was awful.

So this has been a great hot streak, but in one day I gave back 10 of it. If we end up seeing a couple of cold days, it's much better for me just to sit on the sidelines and wait for the market to heat back up. Then to you know battle out and just have a loss after loss after loss. So anyways, that's it for me.

It's a tough day, but it's a good reminder for those you guys out there that trading is risky. Most beginner traders lose money, and even seasoned traders like myself can fall victim to those emotional traps. You know, if if I wasn't if I wasn't sitting here every day counting how many consecutive green days I'd had and being fixated on it, I probably wouldn't have. Um, I would might not have thought too much about today.

I might just shut down. Is that a lesson to not look at where you're at on the day? not to let yourself even look at it? I don't know. But when I had my really big loss in February and I was down 300 grand, I decided not to look at my P L for like three weeks. I mean, I looked at it each day, but um, but I wasn't looking at where I sat on the month, I was like it just doesn't.

It's not gonna help me, it's not gonna motivate me, it's just gonna make me feel bummed out so I don't know. Um, maybe there is something to be said. You know, to not looking at it really at all? I don't know, I'm not sure. but anyways, that's it for me and I'll be back at it first thing tomorrow morning.

so I'll see you guys in the morning 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.