All right. So I'm going to go over my trades for today. Uh, broke a five-day losing streak uh by finishing up 700 on the day 2 231 on Am Am which was pretty good. Uh, my first entry on it was uh, way down at 360.

it's up a dollar a share from that first entry. but you know, as always, I took profit um, off the table as it went up and then added back. you know, actively trading it because you never know where it's going to top out right now. Uh, I started the morning going red which um, at that time made it my six consecutive red day and I was thinking boy, been a while since I did that.

Um, if let's see I look at my calendar I did it in Uh 2020 I had one, two, three, four, five, six red days in a row between February and March So I'm I'm grateful to have averted uh, having another six day losing streak. but I'm not out of the woods. I mean today's a small Green Day I'm making the choice here to throw in the towel perhaps early. But one of the things that I mentioned in my episode that I record last week about knowing when to walk away and cutting losers is that it's better to walk away early.

And the reason is, especially on a day like today where you know I'm making money. but I also went right on two stocks. It wouldn't take much to get caught in a nasty flush, and in fact, Amam did have a bit of a nasty flush right here. Hit a high of 55 455, it flushed down to 436 and I thought it was done it then rallied back up here to a high of 459, tapped 460, dipped down to 452 and then here you know, sort of pulled away.

but you've got to be careful on these. Uh, you know, overstaying your welcome can get you into trouble. We're coming up to a double top here, approximately on this daily level. We've kind of gotten through it, but we'll see whether or not it can hold over this 450 level.

455 454 was the previous resistance, so you know it's through it right now. I I hope it goes higher, you know I hope it goes a lot higher. But for me, I've got to break the red streak and the only way I can certainly Break It Is by stopping right here now that I'm green and I went down 700 on my first trade. So let's look at the first trade of the day.

Mob. All right. So mob stock pops up. Uh, right now it's up 49.

It was our leading Gap or pre-market and on this one you know I waited for it to prove itself and I took my first entries. It broke the top of this red candle. so I got in right up here at like 470 sorry 274, 275. it squeezes up to a high of 290.

I take profit at 295 and it goes up to a high of 305. Then it pulls back and I bought this dip right here at 84. and I caught what turned out to be the biggest red candle of the morning as it dropped all the way to 252. I added it to 50.

uh, five or so. it does come back up here to about 268, but my average was like 275 or something and I just when it came back down I was like you know what, just cut it, just get out of this thing. So I went from being green on it to Red it was down 700 and naturally I was feeling frustrated I was like all right well I set a goal for today. Uh, you know that this was sort of be my first day of Trader Rehab to try to focus on good quality trades.

and sometimes your first day of Trader Rehab, you're you're ret I mean unfortunately, sometimes that happens and that's what happened I this entry right here. At that time it looked like it was doing a one minute pullback. I was trying to buy that dip looking for the rip back up to three and I didn't expect a 30 Cent flush and the first entry was fine too. A breakthrough the highs so those were fine entries.

but I just caught, you know Misfortune on that trade. So after that my next trade was Atlx. I Sat patiently and waited for something else to pop up. Now, Atlx was one of our top gappers and at the open, it squeezed up pretty nicely.

I got in at nine dollars, it went up to a high of 9.65. 65 cents a share. Okay, well that's nice. Uh, the next candle it was back down here at 8.72.

I wasn't able to capture profit. it went up and came back down too quick. I lost 800 on that one, putting me read 1500 on the day, right? So now at that point I'm thinking uh oh I don't know if I'm gonna have a chance at recouping losses today. I mean I'm just going further red and that's when am am popped up and when I looked at immediately was daily chart breaking through 375.

Yeah, that's good for a daily breakout. It's above the 200 and so I jumped in that. but you know I I was able to make money, but I was also sort of up against the Rope where I had to be a little bit careful to manage risk and not dig the hole deeper. and so often when that happens, you know I'll make some money on that trade.

but I'm not going to crush it because I'm not in a position to take that kind of risk. And of course up here what sometimes you'll do or I've done in the past is I'm like man I was in this at 365 370. it's up at four, you know I'd be up so much more if I just held it. Screw it.

I'm getting back in here at 4.98 you know and then next thing you know you catch another big red candle and it flushes down to whatever it is and you're sitting there thinking wow I'm the guy who went from a great entry to fomoing in on the top and now I'm red on the day and now it's my officially you know six red day I'm not going to recover this so you know I'm definitely in a place right now where today is. uh, day one of Trader Rehab Trying to focus on good quality setups Atlx was a little risky. Maybe it was too risky. It was moving though.

it almost halted up. it was at the hall top level but then it reversed I thought we were gonna get a halt up. mob was the leading gapper. That was obvious am Am was off the Momo scan or was a daily setup.

That one's been the best one. Uh, but I wasn't actually a stock that we were focusing on as a gap gapping stock. It was not really doing anything and then really at the open it just took off. So how high will it go? Well, you know, of course that's always a question.

Your entry at 498 is going to look good if it does go to five or six dollars. But if this right here is the top and it comes all the way back down and reverses the whole move, then that entry is not going to feel so good. So you have to manage your risk. And for me, part of managing my risk right now is trying to break a five-day losing streak by just being green.

And that was my goal today to sit down and to try to take one or two trades to get green and be done. And I had to trade a little more than I wanted to I did not expect to go red on my first two trades. Well, I guess I was green on my first trade, but I didn't expect to be red as red as I went today. Uh, so the market is still a little soft for sure.

It's great that we got this move on Am I certainly didn't have the confidence to just hold the whole thing. You know from 360 370 went up to a high of 407. That was awesome I wish I'd held it maybe a little longer. but hey, green is good at least I was trading.

you know one of the big movers today and maybe there'll be more, but you know it's 10 a.m and this week is a short week. The President's Day of course was yesterday. kids are on school break and you know so I'm my time is uh, probably better. Spent the rest of the day enjoying uh, being a dad and being grateful that I broke a five-day red streak.

So I didn't break it by a lot. but on my calendar it will be a green day. Uh, today and see. see that false attempt at five.

You know those are the types of things that can start to trap you by buying for the break and then it flushes. And now you've got people no doubt who bought right there. 498 499 Five dollars for the squeeze up and they're red. Six cents a share.

So if it breaks down to 485 or 480 all of a sudden, you're going to have some of those people bailing out and you can get that capitulation down now. and if it breaks five, you'll have some short covering and it looks right now like it might want to try to. But here's what. I'd be concerned about a break and a flush.

so let's just watch this for a second and you can see the level two here, 99 break and then back below. Is it going to pull away over 505 and 510? That's what I would need to see it's holding below five. it's below the Breakout so that's a false break. And then people again who bought at 98.99 are like ah, I got a bail shorts start to look to you know ease in on that weakness with a stop at the high of 505.

So then I would say okay, if it breaks 505, you know that's the spot where I'd maybe be a buyer and I'm not going to buy this up here, but I'm just saying so. I would say you know 505 506. If it can break over and hold over five, then that's where it could be more interesting. Maybe you would have some short covering.

but for me right now, I got to be grateful to be green. So I'm in the trenches I'm going to be digging my way out of the hole for, you know, a little while here. Went red about 22 000 last week. so being green by 700 uh, today from a dollar standpoint.

Hey, there you go, right? See, That's what I'm glad I was avoiding. Uh, it's not significant. Um, but um, you know it's psychologically important. so sometimes you have to manage the emotions in that way.

and there is an opportunity cost there. When you're in a trade or rehab, you know you you're You're going to miss some opportunities. You know you'll have some stocks that might make big moves. You're not able to fully capitalize on it because you're in a position where you've got to be keeping a really tight leash on things And that's the cost.

Uh, you have to pay for the mistakes you made that previous trading session or that previous week or whatever it is. This is the way it is, so there's no doubt about it. Trading is hard and I'm you know, happy to be the first one to um to tell you that this is a career that requires an incredible amount of discipline, self-awareness self-reflection and it can be very frustrating even. uh, you know, as successful as as I've been, it can still be very frustrating.

So right now I'm just grateful to be finishing the day in the green. I'm shutting it down I will live to trade another day. I'll be back at it tomorrow and I'm gonna be in the trenches for a little bit. um, until things start to, you know, rally a little bit more.

Yeah, we had a couple stocks today, but they were a little choppy and we're still in a little bit of a slow stretch. So anyways, I'll be back at it tomorrow and reminder. As always, trading is risky. My results aren't typical and make sure you practice in a simulator before you put real money on the line.