What's up everyone? All right? Well, it's me again. Logging in for a third red day recap in a row. Three in a row. That's not great.

I'm not super happy about it, but down about 5 600 Today was down 6 000 yesterday, 15 000 on Friday. So about 25 000 here in three days. The good news is still up 65 000 on the month. Yes, I'm down 25 000 off the high, but you know this is part of trading.

It's part of the game. Easy come easy go. But I come back every single day because I know over the long period, over long periods of time I come out on top. Yes, there's short periods where I lose, get into ruts, Whatever.

it's part of the market. But Big Picture Life is good. Still green on the month and move back tomorrow and try to. you know, hopefully just hope that we get some really good headlines, some good news, and then that gives us some good opportunity.

Right now, it's just it's slow. but again, that's part of trading. So as always, my results are not typical. Most beginner traders lose money, lose money.

Even experienced traders like me have periods where you know it's difficult and it is hard in general and especially so right now. so I encourage you to use this as an opportunity to trade in the simulator before you put real money on the line. This isn't a market that really is calling for trading with a lot of real money. I mean, even for me, I probably could just as easily flip and trade in a Sim for the next two weeks and just say hey, at least I finished up 65 000 on the month of May.

Uh, I. I mean, I may at a certain point want to actually think about think about doing that and preserving what I have on the month rather than losing more. But I don't know. I don't really like the idea of doing this.

I probably won't but you know we'll We'll see how tomorrow goes. We'll see how the rest of this week goes. It's Tuesday, so Monday, Tuesday red days Red from Friday. So three red days in a row.

Only goal tomorrow is going to be to try to just close Green. Although if I do close down a thousand, that's irrelevant. That's fine. It doesn't matter.

Yes, it would be the fourth grade day, but that's a small loss. so I don't want to get emotional about needing to be green tomorrow and then be down five and try to swing for a ten thousand dollar winner to get me from Red five to up by because that could then put me down 15 or 20. that would not be good. So it's better just to step back.

Look at the big picture. The big picture equity curve is that it is going up. And yes, we're on a little bit of a pullback here of 25 000 off of the all-time highs of my career. The all-time highs of my career.

I'm off 25 000. I'll get it back. It's just a matter of time. Stick with it.

The head mental space. That's That's where it's at. Can you maintain that mental attitude of I've got this? I'm a winner. I'm confident because when you start to get shaken mentally emotionally, that's where you can start to act out of desperation and things start to get sloppy.

So in these kind of dark periods when it's choppy and slow, it requires a lot of resilience and a lot of just mental strength to be able to push through it. So that's what I'm That's where I'm at right now, so I hope you guys enjoy the recap. It's a short one, but enjoy it and I'll see you guys first thing tomorrow morning. I'll be back at it As always.

looking for some opportunities in the market? I hope I find some All right. See you tomorrow. All right. Well it's 10 a.m here leading gapper.

Ulbi has failed. I am up 286 on it, but it uh I jumped in for that break of the pre-market sort of pivot popped up and then reverse has been read since so that one small gains on it. Hgsh made a thousand dollars on this. It squeezed up from two up to 260 but then two bull traps and has gone lower.

Oblen I tried to jump in this for the break of three it hit 306 and then dropped and then in my retirement account Rxdx. I jumped in off the high day momentum scanner at 26.84 As I saw it squeezing up, I saw there was news on it and I jumped in on this micro pullback right here. Had a high of 26.83 I got it at 26.84 and I looked at the daily chart and thought all right this actually has a window room up to 30 62. it to me at the time looked good and not a second later it dropped Two dollars a share and not even with big size got me for Uh 6 900.

So I'm down 5600 on the day, which puts me below my max loss third day in a row, but it's better to keep the max loss at 5000, which for me is relatively easy to recover from than to go down 8, 9, 10, 15, 20. If the market's not hot, the market's not hot. Now, I didn't intend to trade in this account, so unfortunately the 1200 is taxable and then this is my retirement account so there's no tax on this. Usually I wouldn't want to trade in the main account, so that was inadvertent.

but so really, I only keep half of this 1200 because of my tax bracket up already over a million dollars trading on the year and then the 6900. I lose the whole thing so kind of makes a red day a little bit more annoying. But again looking back and I think it's important to keep things in perspective. So that was yesterday.

Six thousand today will be, you know about the same relatively speaking, these are. This is all very small stuff. this whole area here. really.

Since, uh, not since March. Since April, things have been slower. I've been in kind of a slower grind. so how to kind of dip down at the beginning of the year? a big surge up right here with one single green day of 478 thousand.

000. Wow. And the day before was 217. Dipped down had a big red day.

I did recover those losses. had a couple of really nice green days through here, there's 207. and then things kind of start to peter out. This last big green day was on Gamestop and with Gamestop sort of coming out of focus, things generally have slowed down.

So that last big day was this day here where it kind of looked like Gamestop was going to try to make this big move. this was, um, actually, maybe the day was over here. But in any case, things slow down once Gamestop start to teeter. If Gamestop gets back above 225, 250, 275, 300, I can pretty much guarantee that momentum is going to pick up across the board.

There's just so much emotion riding on Gamestop, which is unfortunate because I don't like my trading to be so tied to a stock like that. But it is. It is what it is so uh, yeah, so things have kind of flatlined here, just sort of. you know, generally has slowed down, have traded a lot less in volume, just not being as aggressive right now, which is the right move.

But you know. Although I had a 57 000 green day there, I had a 58 000 red day. So the goal here for the month of May was to just kind of try to keep it a little bit tighter, keep the losses tighter, and I've been doing a pretty good job of that. I don't like to have three red days in a row, but in the past one of the ways I would have avoided a third red day in a row would be by continuing to trade.

So right now getting ready to jump in. sure, btx, it's popping up. So for instance, that would be something I might jump in with 10 000 shares at 19.40 and then a minute later be stopping out at 1840 for a 10 000 loss. And now I'm down 15 000 on the day.

And that's what I don't want to do. Not right now. I just prefer to keep the losses tight. Try again tomorrow, so you know almost one You know.

One one chance at bat and it either connects or I'm coming back tomorrow. This just isn't the market that justifies continuing to try to stick it out and fight it out because you just get chopped up more. and more. and more and more.

The smart thing is to try to get out early, and I should have gotten out while I was up 1200 and I took that one trade in two minutes. Lost. Seven thousand dollars? Easy Come easy. Go.

Just like that. Gone. So ah, it is what it is. but.

uh, discouraging? Yes. Disappointing. Yes. Also part of trading.

And if we look back at win-loss expectation here, we had. I had a long period here of relatively slow gains. you know, slow and steady and 2020 was exceptional. 2021 So far has continued to be pretty exceptional, but you know all good things have to come to an end and things are slowing down for sure here.

So it means grinding on smaller numbers smaller numbers. If that means fifty to a hundred thousand dollars a month. That's a great month that's still six hundred, seven hundred thousand 000 on the year. And I'm sitting right now up 71 000 on the month before today.

So I'll still be up 65 000 on the month after today. And of course, we still have a week and a half left, uh, of the month of May. So while there's time for me to give back more of the gains, there's also time for me to, uh, you know, recoup some of the losses. And it only takes one one good day where we have a stock that really starts to open up where I can make 40, 50, 000, or even 100 000 in one day.

I know that I'm capable of that. What I need in order to have that type of performance is a strong stock, a strong market, and that's just a matter of time. It's important in the meantime that I keep my head above water and I don't fall too deep into a hole where then I need that day just to get back to flat. So as I sit right now, I'm down about 25 000 versus my high of the month.

It's a little more than I'd like to be down, but that's not more than one good day. In fact, if we look at from January 1st until right now, my average daily gain is 17 000 a day. That's my average daily gain this year. 1.6 million dollars in net profit after fees and commissions.

So a couple you know, three red days losing 25 000. that is within my spectrum of being very manageable and I'm happy with that. I'm okay, I mean, I'm not happy about it, but I'm okay with it. I can handle it, but I gotta shut it down before I get emotional before I get frustrated.

So I'm shutting it down right here and I will not look at charts for the rest of the day. but I will be back tomorrow as always to try to fight another day as a day trade warrior and see if I can find some profit. So that's it for me. Good luck if you keep trading.

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