Well, it's a red day in the small account. It's a red day in the big account as well. So I'm read across the board here and it's 40k red day. Big red day.

It's the biggest red day I've had since. I think it was August 6, which was a Friday. But in any case, that first Friday, um, of August, I'm pretty sure it was a Friday. So in any case, um, yeah, that's a bummer.

Uh, you know I I was up 140 thousand dollars in the last two weeks, which is phenomenal and I gave back a third of that. Uh, basically today. or a quarter of it. So you know, Easy come easy go.

That's that's trading, right? You know it. Trading is risky and very quickly you can lose a lot of money. I traded only for like an hour today, lost 40 grand. it wasn't all in one trade, it was through a series of losses on Vvos, which in hindsight, I wish I hadn't traded and an Rgc which in hindsight, I'm okay with the fact I traded it, but I'm you know, just didn't work, which was a bummer, but Vvos I was not.

That was not an easy one and I should have stopped trading it sooner. and I might, uh, perhaps be better off if I hadn't traded it at all. So I'm going to break that down in the recap and what I'm also going to do is, I'm going to upload a second video on max loss metrics. So I've been tracking my metrics of max losses over the last eight max lost days.

and I'm going to share those with you, but I'm going to do a separate video. Okay, so with that, as you know, my results are not typical. You should assume you'll lose money as a beginner trader because trading is risky. Take it slow trade in the simulator and please hit that thumbs up for the Red Day recap.

I know these are helpful for you guys, so hit the thumbs up. It's Red Day recap. It's okay. I'll make it back, no doubt about it.

but I'm gonna talk about the trades uh, during the recap today and talk about what my game plan is gonna be moving forward tomorrow for the rest of the week. All right, I'll see you guys first thing, All right? So main Account recap. First Red Day. Uh, that I've had here since.

uh, the first week of the month which was a Friday. I finished that week with a 36 000 red day. I'm down 33 000 on Vvos and I'm down another 6600 on Rgc giving me a let's round up 40 000 red Day. Just like that, I gave away 40 of my profit on the month gone.

As a reminder, Trading is risky. Easy come easy go. So this is where I sat here. Um, let's see in a gross profit on the month.

Now let's see. Go back here to the second. So I was at 106 000 in gross profit had just hit my monthly goal of 100 grand on Thursday when I was up. uh, whatever, it was on Thursday, I was up 30 000 or something like that.

So 32 000. So you know effectively today gives back one of those two good, really good green days. plus a little. It's not the end of the world, but it's disappointing.

It's discouraging and Vvos was very, very frustrating for me. Every trade I took on it was a red trade. It was a disaster. So my first trade on it, uh, it was right here, so bought for this breakout.

This was an Abcd pattern. Was looking for the breakthrough 35 and uh, stopped out on stopped out at like 6 10. hits a low of 5.85 You know, at certain points, like why even bother stopping out if you're holding down that far? If you haven't managed to couple us quickly because it only went, I mean, it did go another 20. Well, I guess it went another 30 cents.

Anyways, Um, so that was my first trade and then I lost on it. Uh, pretty big here. took 25 000 shares. was looking for the break through 650.

a squeeze into a halt. I was looking for this candle right here and plush all the way back down from 650 down to 580 and I had a loss on it. around the open so I don't remember which of these doji candles, but one of these doji candles I lost on it as well. So why was Vvos so choppy? Some of the other stocks that we've traded in the last week have been really clean, and this one's been really choppy.

Um, well, I don't know. I guess there's a couple different things we could look at. Um, it's been a bit more thickly traded. That is a factor of float.

So the float on Vvos is a bit higher. Um, let's see. I think it's seven 17.8 million shares. So it's got a higher flow.

That's one factor. Um, it's not a recent ipo stock. Some of the big momentum. Well, actually, it's not that far back though.

to be honest. Um, it's really not that far back. It surprises me. Actually, that's that choppy.

Um, Alf is actually the one I was thinking of. Alf is not. no. Alf is somewhat recent as well.

What was I thinking? Um, was it sieb? This one was halted earlier today? Maybe it was sieb. Yeah, I think that this is the one I was thinking of. So this one's clearly not a recent ipo stock. but Vvos floats a little higher.

It's a factor. Often, stocks with lower floats do seem to perform a bit better. We get bigger breakouts, bigger squeezes, more predictable resolution. So float.

If the flow had been seven or five million shares, which would have been half or a third lower Or, and two-thirds lower, probably would have seen, um, more volatility in a more predictable way. So float. That's a factor for sure. Um, the news itself I don't think was really the factor.

You know, we see stocks with worse, uh, much worse headlines that make bigger moves. And there was Fda news on it. I could check. Um, let's see.

I'm gonna move this over here. I didn't check for a shelf registration. I don't usually, uh, work for day trading. It's not usually something I look at too closely.

I don't see one. I will look at shelf registrations when we start looking at multi-day continuation, but not really in the context of a short day trade. So in any case, it wasn't all in one trade. First loss was twelve thousand, the second one was three thousand.

So that put me down fifteen. And then I was down twenty one. And then the last trade was twelve thousand dollar loss. Uh, and it put me down 33..

All right. so that was Vvos a train wreck. And then you've got a Rgc a stock that I completely missed on Friday. All right.

So I missed this one. On Friday. we had a pretty big move on it. Like six halts in a row.

It pulled back, then it popped back up and squeezed through the high all the way up to 26. Pulled back, bounced off that level, up to 24, pulled back and faded. So on this one. Um, I wanted a trade right here.

I didn't get filled going into the halt, so no fill on that trade. right there. it squeezes up. I thought about a dip in a rip and I was like, i don't know, didn't take it.

Uh, but then I bought right here. Uh, halt resumption looking for the Abcd pattern and lost 6 000 on that. So that's right there. So that's my day.

40 000 in the red. It goes quick, puts me up now. about sixty thousand on the month and I would say my cutoff should be fifty grand on the month. So uh, that means if I lose ten thousand.

Uh, I should stop trading for the rest of the month. Just focus on the small account, but stop trading in the big account because it's better to close the month green than to risk. You know, going red on the month. I was already read on the month by 30 000.

I recovered from red all the way to green. Uh, over the course of, um, you know, some really nice days here, all of last week and the week before. So in that scratch there, I made, uh, let's see, from the ninth through the 20th, uh, 140 000 gross profit. so I gave back about a third of that today.

All right, you know, Easy come easy go. That was 10 steps forward and then in one day I took three and a half steps back. All right. Well, I gotta stop the bleeding there though.

I can't come in tomorrow and lose another twenty thirty thousand dollars. that's not going to work. I need to stop the bleeding right there. so you know.

I think for me, I got. I had a little bit of Fomo on Rgc that I missed on Friday. The loss wasn't catastrophic. Uh, and the loss on Vbos? It was just sequential.

You know, one and then again, and then again. and again. And then it goes all the way up to the seven dollar. But then it comes all the way back down to six.

So could I have been more disciplined today and said I'm not going to trade anything Vbos? It looks choppy pre-market and I lost some in my small account too. It looks choppy pre-market The float's a little higher. Don't trade it. The leading gapper today, uh, you know, was Vvos and it wasn't an easy one to trade behind Tril, which was a buyout.

So maybe today should have been a no trade day and I'd have forty thousand dollars in my pocket and I'd say yeah, it's no trade day. That's not bad. Compared to losing 40 grand, that's really not bad. but that's something that I struggle with.

So tomorrow I have the opportunity to try again. I come back and try again to have a no trade day and I'll see you know if there's nothing that's suitable. It's better tomorrow to not trade than to have a repeat of what I just did today. I don't want to ruin the month of August.

That's not the goal. A bad day happens. but good days happen as well. You know, Obviously, in two days last week I had one and thirty two thousand.

So sixty four thousand, Sixty three, Sixty four thousand dollars in two days. I know very easily within the next week I could have another. You know, a couple back to back thirty thousand dollar green days. No question about it, it could happen.

But let's wait for the momentum. Let's wait for the stocks that show that they have the potential to make those kinds of moves. Rgc to be honest, was a more acceptable loss because this one had a little bit more potential compared based on the quality of the stock than Vvos the recent big move, You know this one had a little bit more potential. so I that loss is a little more tolerable than the six losses in a row on uh, Vvos as the frustration was getting higher and higher and higher but never fun to be on vacation.

You know, trading and traveling and trading. and then you know, feel like the whole rest of the day is going to be hanging over my head this terrible morning. It is a terrible morning, but it's also important to keep it in perspective. You know, the fact we trading.

Um, I was talking to someone over the weekend. he was like I could never, I could never be a trader. I could never just steal that stress. You know, losing that kind of money.

It's gotta be so stressful. And you know, ever. And he's a first responder. I was like, you know your job comes with a lot of stress too.

Uh, right. And he's like, oh, that's it's different, you know. So I guess maybe he doesn't feel his job is stressful and the thought to me of doing his job sounds more stressful. So you know you find you find something.

I guess that's not too stressful that fits within your tolerance and trading does. But you know what's interesting I don't really enjoy. I don't enjoy gambling. I'm not someone that enjoys gambling.

I don't like go to Las Vegas and find that's like a fun activity. It's a lot. A lot of people really enjoy it. I don't enjoy it.

I don't buy scratch tickets. I don't. You know I don't do that stuff. Trading to me for me doesn't feel like gambling because all of my years of experience have given me an edge.

A skill, a strategy. And so the metrics are what support that You know. You look at the the metrics here and it's like okay, so here's you know. however many number of trades, Sixteen thousand trades.

Eleven thousand were winners. Five thousand, Four hundred are losers. You know? Yeah, you could look at some of those losses and some Of them are pretty big. but that's that's part of the strategy it allocates for that.

So I I think for me, the stress just comes down to the disappointment when I feel like I make a bad decision. You know I could have traded better Or I look back and I think, oh man, why did I even bother trading today? The market wasn't strong enough, it wasn't wasn't worth it. I should have just should have just skipped. You know, and that's that quirk sort of compulsion to trade every single day regardless of the quality of, um, of a setup.

That's what's um. You know that That's what's tough. But in any case, it is what it is. It's a red day.

It's not the biggest red day of the year by any means. I guess it's the biggest red day of the month. No, Well, I guess I'm tied and more or less tied. This is a pretty big red day.

It's so it's a little bigger today, but not a lot bigger. So I'm catching a big red day here at the beginning of the week. Don't want to try to let set the tone for the week too much. I'll come in tomorrow, you know, as much as I can, with kind of a fresh, um, clean slate.

willing to trade what looks good. But perhaps today will serve as a reminder that if there really isn't anything that looks good just to just to not even bother. One red day isn't a red streak, so let's not turn this into a red streak. Let's let it just be one red day and come back tomorrow.

A little bit more disciplined, focused on finding good quality setups. You know you get a little complacent during a green streak when you have some really nice big winners and you hold some stocks down through pull backs, but then they rip back up so you get a little complacent. All right, so that's going to catch up to you. Caught up to me today.

I've got a red day, but I don't want to turn it into red streak, so that's the game plan. Uh, going into tomorrow. Thank you guys! as always, uh for tuning in today. I'm sorry that it's a kind of slow market and a bummer way to start the week, but that's how it goes.

Hopefully we have a better finish of the week. 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. Our goal is to hit 1 million subscribers this year, but we won't get there without your help.

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