What's up everyone? Alright, so during today's video, we're gonna talk about the behavior patterns of an emotional trader. And as a good example, I'm gonna talk about my own Trading This month has been really difficult for me. I've had a couple of huge home runs I made $47,000 in four days after coming off a really ugly red streak. It put me way up on the month and then in the last three days I gave it all back and now I'm back to flat on the month and what's happening right now is I'm really in this emotional trading cycle where I'm being really aggressive.

then I'm hesitating that I'm overcompensating and so I want to talk about that behavior as I see it in myself and I hope that it'll help you guys who are some of you trading for a while who struggle with this, or some of you who are beginner traders who may be just starting to see some of the little hints at emotional trading coming out in your day-to-day routine so you can see on my screen. Share here and I'm down Seven thousand, Nine Hundred Sixty Eight dollars my main trading account today and in my retirement account I'm down Eight thousand, Six hundred, Thirty Five dollars. So when those two accounts, I'm down over sixteen thousand dollars combined which is really devastating. and I also trade today in my Etrade account and in my Etrade account I am down two thousand Four Hundred and Twenty Nine dollars which is obviously not great either.

And I traded in my Ameritrade account which is actually up this morning or today by Eight Hundred and Seventy Six dollars. So this one is the one that's green, but the other four are red. And certainly I'll talk about the challenge of trading in four accounts at once, that being possibly a contributing factor. I'll also talk my terrible trades in Etrade, which were the result of waiting 20 seconds for my first order to filled.

It took 20 seconds for my first order to fill, and it took 31 seconds for my sell order to go through. and that that made me angry. And that all of a sudden brought this emotional trading out in me because I was so frustrated that that happened. and I have a separate video that I can link to below specifically to why I will not use E Trade ever again for day trading because their platform simply isn't It's not good enough and that's unfortunate.

but it's not a trades fault that I got emotional today and got too aggressive. That's my own problem. So let's talk about the behavior of an emotional trader. We're going to jump over to the flip board.

So before I get into the detailed recap of the trays from today, which I'll do towards the end of the video. for those you guys are interested: I Want to talk first about the behavior of an emotional trader? this behavior pattern that I'm noticing in myself, so this is where it's sort of. It sort of begins. Alright, It starts with a big loss.

now after I have a big loss now for whatever reason. whether it was a hotkey error, whether it was order execution issue with Etrade, whether it was I lost my power, or whether it was just simply a bad trade, the cycle begins with a big loss and in order to dig myself out of a hole and this is what I have to do over the next couple weeks, I need to focus on base hits. Alright, so I focus on base hits. Which is to say I focus on small winners and then what ends up happening is during this period, there's a home run opportunity.

However, because I'm focusing on base hits and small winners. What happens is I miss the opportunity and this is what happened last week. So let's rewind in my own trading for the last two weeks. So I started the month with a period of two weeks and only $10,000 in profits, two weeks and $10,000 That for me is really slow progress.

and then I had a big loss which I believe I've got my calendar here and yeah, in two days I lost 12,000 so - 12. K So I went from up 10,000 on the month which wasn't impressive - now down 2,000 on the month and so coming out of it I had to focus on base hits. Now the first day of base hits I actually made $10,000 which was amazing, but a stock went from $2 to $8 a share plus 400% and the fact that I only made 10,000 to me felt pathetic. It felt terrible.

I totally missed a homerun opportunity and with that you know that first day I got myself back to green but I I was still feeling like I've got to be careful the second day I had another big green trade. all right. So now making a little bit of progress but still trading too conservatively because I wasn't where I felt that I needed to be on the month. Day 3 Now I'm starting to feel like I really need to step up to the plate.

But after the first two days of really hot momentum on the third day, the market started to soften and I ended up being up 15,000 on the day and then losing 10,000 at the end of the day trying to swing for a home run. So now I have a ten thousand dollar loss and then so this is where I'm starting to miss opportunities and then on. Friday I lose - five grand I swing for the fences and I miss coming in Monday Now I'm trying to make up for this loss. I see a stock starting to open up.

It's a stock that actually was the same one that had the homerun opportunity last week that I didn't fully capitalize on it. So I jumped into a big share size and I lost 12 grand. Now two big losses in a row. And just like that, even though I had a really nice hot streak in here making about $47,000 before I started to turn around.

Now at this point, I've given back more than half of my games I've given them back and now today I see a stock come up on the scanner and it's a former runner. It's a stock I've made money on in the past and I overcompensate because I missed these opportunities because I'm now in the red I step up and swing big and I lose 16 grand between my accounts and now I'm back to break even on the month and so now back to break even on the month. I'm right back to where I was here. Which means for the next couple of weeks I'm gonna have to focus on base hits.

and while I'm focusing on base hits taking small gains as I have them, it's possible that there will be a home run opportunity. a stock that goes from $2 to $8 or maybe from $1 to 7 a 700% move like we saw last week. but I'm only gonna make 1500 on it or 1600 on it because I'm focusing on base hits. I'm gonna miss the home run opportunity and what does that create? FOMA not just FOMO but also regret of missing out Romo FOMO and Romo You don't hear a lot about Romo but ultimately it's very similar.

It's their regret, It's the frustration. It's the anger. and then the second I see something start to pop up I overcompensate because I'm emotionally fueled right here. And what I forget is that we're not in the same hot market we were in two or three days ago.

This is not the market to be swinging for the fences and then I get a big strikeout and then once again I got to spend the next couple weeks focusing on base hits. This is my behavior profile when I get into an emotionally fueled state and this type of state has lasted right now for the last three weeks. it started with two weeks of really small base hits. Not a lot of progress, a big loss all the way back down, and then the cycle.

So how do I break the cycle? How many of you guys have been in this cycle before? How many of you guys have gone through exactly what I'm talking about I'd Love for you to comment below. What you do to break the cycle: What I always do to break what I always do to not necessarily break this cycle, but what I always do to recoup the losses is focus on bases and that has always worked for me. You know if my account equity curve looks like over the course of starting with 500 $83 my account is grown and then we have a setback and then I focus on base hits right through here I get back up to all-time highs and I grow again and then I have a setback, base hits, things open up and then I have a setback and through this period of time I turned $583 into over a million dollars of profit. And so this behavior pattern that I have up here.

although it doesn't feel good because it's so emotionally fueled and in this area I have anger I have frustration I have disappointment in myself. The net end result is that this behavior pattern has made me a very profitable trader. And yet I don't enjoy the emotional swings. and one of the reasons it's so frustrating is because I genuinely believe I could make more money if I wasn't in these emotional cycles.

What is it that has caused me to get into this heightened emotional state of trading? I would say for me, one of my big triggers right now is that psychologically I know October November December and January are my four strongest months of the year. So when we got to the beginning of October and I started those first two weeks with these kind of small gains, I was like what's going on? This isn't what October is supposed to be like October supposed to be about homeruns and then I started swinging for a homerun. Knight had a big loss over the course of two days and then the home run started the but I wasn't in a position to take a risk and so now I started to feel frustrated I see some huge opportunities in the market I See you guys commenting on my youtube video Russ I Can't believe you didn't make fifty thousand dollars today. The stock goes up seven hundred percent and I'm like I know, tell me about it.

So I'm frustrated I missed the homerun opportunities and then I try to overcompensate and it's all because I have this this expectation of what the market should be giving me today this month, this time of the year rather than simply accept what is in the market, trade the market that I meant. Ultimately, that is like Zen level trading to be able to come into the market each day and set aside the emotions and simply trade. What you see is an opportunity. Now today, the opportunity.

The traits that I took my very first trade. We're on a stock called at TR o V and I actually made some good money on it I made money in my etrade account I made money in my Ameritrade account and I made money in my Lightspeed account trading 3 accounts at the same time I made money on TR o V So why don't we go ahead and jump into the TR o V trade? We'll talk about what worked so well on that trade and then we'll come back and we'll talk about Bo XL which was the trade that I lost 16,000 on. Alright, so let's get back over to the computer. Alright, so TR OE was the first stock I trade to today.

TR o V was straight off the Gap scanner. this stock was gapping up. Let's see him pull up the scans here for this morning. It was a nice looking gap or gapping up 54% with a four point nine million sheriff flow into this traded 49 million shares of volume.

So this stock has been on fire today. It actually hit a high of two dollars and 44 cents. And you know how I did in my Etrade account on it I crushed it TR o V I made 1844 dollars. Awesome! That was a solid trade and in my TV account my account with TD Ameritrade I made 202 dollars and 12 cents.

a small gain. but in my retirement account only made 108 and in my main trading account I made only 35. So in this on this particular stock, I actually did the best surprisingly enough in each rate. Now let's look at the live trading example of how this stock actually played out in real time.

So I'm gonna put this up on full screen here so you guys can see it and let's see. I'm gonna. Alright so here we have. We're coming into the open and at this point I'm gonna pull up my chart just so you guys can see what T ROV looked like at the open.

Well I'll just yell do it yeah I'm gonna do it on the screen. sorry guys. So T ROV this is what we were looking at pre market. we have pre market high of a dollar 69.

Nice consolidation looking pretty decent overall. So I was watching it with a long bias over a dollar 70. Now the bell rings and it dips down for a second and then it starts to surge up. and so I was watching that level.

but as I was kind of kind of fumbling and trying to organize my my layout I ended up missing the opportunity. But watch right here. Okay so see right here there's this seller at 65. Let's back that up real quick.

Alright so at this time the stock is curling back up. I'm watching it a 65. We have a fifteen sixteen thousand shares seller. Sixteen thousand Fifteen Fifteen thousand.

All of a sudden six thousand. So someone about ten thousand shares I knew this thing was gonna break I was too slow to press the Buy button and then look at this. it snaps to 68, 70, 74, 75 and just like that with a nine thousand share position, I would usually have taken that trade and I'd be up nine hundred bucks. that my first trade of the day.

So I missed it on this particular trade. but I decided to you know, keep watching it and give it a second for the next pullback. Alright so I'm gonna back this up. So I move my order.

my order entry here up to a dollar eighty and I'm thinking that this thing is going to break through 80 and rip up to two dollars the whole dollar. So there's a te2 nice looking good. Alright so I'm liking the look of this. The thing is moving up.

it's moving quickly I don't have any trades on it yet I'm just and watching it. So my very first trade I'm gonna jump in on the one minute micro pullback and that's gonna be in just a second. Okay so right here. I'll back this up right here as I see this volume coming up.

This is around 9:30 5 a.m. So again, pull up the chart here on this real quick. So 9:35 a.m. is right about here.

Ok, so actually 935 was I guess right about here. Okay so I got in right about here I see the buying coming in shift, one shift, one shift one. I'm in it. but now you've got another seller 80 I'm thinking will it break no, that's not breaking and then it drops back down.

So on this one I'm gonna stop out with a $360 loss I'm gonna take a quick stop and then I'm gonna watch it to get back in and so here I'm about to get back in so I'm watching it. It's back coming back up to 80. So you see the buyers coming in 80 79, 78 on the ask those of you guys who are beginner traders, this all becomes second nature the more often you trade and just like that I'm now in at 79, adding it 80. All right.

So let's look at the chart. So on the chart on this stock, this was where I got back in right here on this candle which ended up being picture-perfect Super solid. Alright so I'm in it now with 12,000 shares I added another thousand at 84 and now I'm thinking this thing's gonna break over $2 whole dollar breakout. It looks primed for the $2 break.

So now I switch over to these two accounts because I'm thinking it's gonna break over 2 bucks. So I'm looking to get in and try to take a quick break out from maybe a dollar ninety three dollar 95 up to to 205. So I'm still holding 12 thousand shares I'm not selling I feel comfortable with a stop at break even and even though I'm down 360 on the day I still feel like this is probably gonna work. but this is the moment of truth.

Now we're back to 87 88, 86 86 on the bid, 88 on the bed. Okay, 88 90 Okay, all right let's see if this thing's gonna break over 95. So I'm kind of watching it for a second. Oh little selling there 87, a couple people bailing out down to 85 and then it curls back up.

Alright, so right here I still haven't taken any trades in E Trade or any traits in Ameritrade I'm still break-even but it looks like it's gonna break over to now. Why didn't I go ahead and sell the whole position in my main account I didn't sell it because I thought you know what? I'm in this thing from a dollar eighty, there's a 10,000 share bin right there in 95. I've got a great cost basis if this stock rips to 2 to 2, 25 to 30. I can just sit tight and ride this momentum.

So I guess I Started thinking a little bit more about hitting a home run instead of taking the basic. All right. So we're up here at 97. This is our first attempt up here at this level so this is kind of right in this area.

Hits 98 and then it drops back down to 85 and when it drops back down I start to get a little nervous and think well, you know I don't want to risk losing my profit so maybe I better go ahead and sell this position. So I'm pretty sure I'm going to do that in just a second. It looks like I bought 2,000 shares right here at 97 thinking that this was gonna break over to at that moment. So I was like alright, this thing's gonna break over to so I jumped in with 2,000 shares right here I Now decide to trade on this window so I'm closer to this one in this one, there's 97 on the ask 97.

It's struggling to break this level now we've flipped down to 1990 and I go ahead and sell. So now I'm up 972 but I'm still holding this position. This one was a bigger position I wanted to lock up the profit I'm a little disappointed because now it's back at 94 by 95. but nine hundred dollars and 72 $972 is not bad for 943.

I'm still holding 2000 sheriff's here in this account I'm trying to press shift 1 to ad but shift 1 is the exclamation point so my hotkeys not working it's typing the exclamation point instead which is really annoying. All right. So I'm still watching this now that's holding this level for the break over to and then a quick move up to 205 210. there's the seller there we go and I go ahead and what I did here I added and then I sold and just like that, 161 dollars a profit which isn't the best trade I've ever had.

so let's look at that as it came through that level. so I added right underneath - and then I sold right there 201 and sold arrested - so it didn't end up being a very big breakout, which is kind of disappointing. You can also see that the level 2 is moving a lot faster on this side than on this side, and that's indicative of this software running faster. So in any case, I've got $972 a prop from my main account and I've got 200 in my Etrade account, which isn't too bad.

So now this is going to consolidate for a second and I'm going to watch it for another move back up over $2 So now it's coming back up again. I'm not in yet I'm watching and I'll show you the chart in one second. So it dips down here, changing a couple of settings. All right, watching, watching.

Okay, so now right. Oops, let's back that up. Okay, so now at this point it is 9:50 in the morning. Alright, so we're right around here just before this break of two and a squeeze up to 208.

So it dips down and then as I see it surging back up. I Go ahead and I press the Buy button because now I'm thinking that this is going to break over to it's held in this area long enough. I think it's gonna happen. So I am going to click the Buy button and watch how fast my order will execute I'm gonna click buy right here in one second I'm gonna play my entering my order therefore 3000 shares.

so watch how fast I click the Buy button and I'm in right away at ninety three Point Eight One One Ninety Three Eight one Instantaneous execution I Press the Buy button there pretty fast I'm in at 94 now I'm looking for the break. over to the quick break of two is what I'm looking for. So I'm trading this an E trade I'm long also in the main account 17,000 share cell right there we go. I sell I press the sell button there now the bid is at 205 and it hasn't updated yet.

I'm gonna go down here I'm gonna press sell just like that and oh, it flushes back down. but I'm gonna lock up three hundred dollars of profit. which means I got a pretty nice fill on the exit. So now I'm about 542 and each trade I'm up three hundred in my main account.

but I'm still holding six thousand shares in my main account here. so I sell those and I take the loss I sell I guess I'm the bid or maybe I sell any. ask them I don't remember exactly how I did this but I think I sell the bid at 95. So at this point right here I was in pretty good shape.

I was trading in three accounts and no doubt if I'd been just trading in my Lightspeed account I probably would have made more money I probably been more focused, but one of my goals has been to test the order execution and as of right now it's been okay. Ameritrade has been good, light speed has been great, and each race has been kind of finicky. The hotkeys are not really consistent or easy to use. They keep typing exclamation points I don't feel like it's working as well, but I'm happy with Ameritrade as at this point and I'm happy with my main account of course.

All right, so that's TR o V Now I do end up getting back into TR o V a little bit later I trade it once more in my Etrade account traded a couple more times obviously in my main account I get back profit in my main account I earn profit in the Etrade account And you know that's probably the nature of trying to trade into account at the same time. So now let's look at the trade on Bo. XL All right. So now we're going to look at the Bo XL trade now.

Bo XL is a stock that I have made a lot of money on in the past and I think that's part of the reason that I ended up doing badly on it because I had this bias that it was gonna work So I lost four thousand, two hundred, fifty six dollars in my Etrade account in Ameritrade I actually made six hundred seventy four dollars but in my main account right here I lost eight thousand and in my retirement account I lost eighty seven hundred. So I'm down sixteen thousand I'm down almost well over twenty thousand dollars on Bo. XL This stock really crushed me today. So how did the day go from being you know, pretty decent on these trades I had taken on T ROV to being the second worst day of the year.

All right. So I've taken a couple more trades on T ROV I'm now up only 750 on the stock in my main account. so I'm I've given back a little bit of profit and I take a trade here now I'm up only 275 on T ROV and I take another trade and now I'm up only $35 on T ROV So I think this is where I started to feel a little frustrated. I was giving back profit and I think I was feeling frustrated that man the market was so hot a few days ago.

if I'd been training with 12,000 share positions a few days ago, I would have been killing it today. I'm trading with big-sized and I just keep getting chopped out I'm not seeing follow-through I'm not seeing the big breakouts. The stock is 18 million shares of volume, it's crowded, and nothing else right now is strong. Nothing else is giving me an opportunity.

So and I had given back a little bit of profit here in Ameritrade so I was starting to feel like I was on the downside of the day. One of the things that I think is a really good habit to practice is that if you give back more than half of your daily gain, you walk away because when I give back I was up I guess at the top about let's see fifteen sixteen hundred now I'm up only seven hundred and this would be a good time to walk away and take that $700 Be grateful for that. but instead I was feeling angry I was feeling frustrated and when Bo XL popped up I decided to jump in it. So I want to show you let's see so on the Bo XL trade I want to show you first of all how fast my order executed in in Ameritrade Alright so right here I'm watching it in a merit raid it's at 263 on the ask and I have my hand on the Buy button right here in Ameritrade watch this one second execution I'm going to prep when I click it.

There we go and that was the moment I made it I'm now in with with a one-second execution with 3000 shares of 62 and the reason I was jumping into it was because I saw it starting to curl up and so let me show you the chart on Vo. XL of course I had this bias on it that this is a stock I've made a lot of money on in the past and this is a problem that I've had with other stocks where if I make a lot of money I keep going back to the well and then eventually I realized that the wells run dry and this stock is. You know? Yes, I had a couple of great trades on it, but that doesn't mean that today it was worthy of being as aggressive as I was on it. So as it started to curl up here, the high today was 68 and I got in anticipating that and then with the intention of adding for the break of $3.00 which is exactly what I did.

It hit a high of 306 and then dropped down here to 260. popped back up here and I stopped out as it flushed down here to love 246 and then I sold the rest down here as it dropped to 32 which was absolutely brutal. Now in hindsight, the stock. It did have a catalyst right here.

There was news right here and there was also news right here that they've gotten a price. Target National Securities Initiatives initiates coverage with by rating of $4 so I was like okay, Sometimes we see these buy ratings ratings and then these stocks really start to open up and you can see how this is one in the past that has made some big moves. So that's where I was getting a little bit of a long bias on it I knew 200 was at 76, but I thought as it was breaking that level that it was worth a snap. It pops up to a high of 306.

so as it pops up to the high 306, Well first I press the Buy button in Ameritrade and then I come up here with my mouse on the by buying the E-trade and watch this. I'm gonna click Buy and I just clicked by and nothing happened. Seemingly nothing happened and now I'm coming over to my main account together now I'm trading with the slowest accounts first knowing that when I start buying with this account, it'll be a fast. My orders will go through fast.

Ok so now I've got. So what I ended up doing here is the order that I pressed initially, didn't do anything. So I come back I click on this window and I press shift 1. Now those of you guys that want to see you can check out the video that I made SRIA Lee in detail on this trade where I show the exact order execution.

This was part of the probably my final video on trading with each trade. but basically what happened was I jumped in right there the first order and I'll pull up my Etrade account here and let's see so the first order was on the Oxl right here. No, let's go back a little further. So this was the first order.

So I pressed the Buy button at 1017 and 41 seconds to buy 3000 shares. All right. So right now at 10:17 and 49 seconds those 3000 shares that order has still not filled, it is pending. It would have had a little symbol here that says pending see when it filled, it shows right there at 1755.

Now you know. Excuse me for being so upset about this, but this is outrageous. This is unacceptable. You cannot de trade with a twenty to thirty second lag time on your order.

You simply cannot. And so I press the Buy button their nose filled at 1755. Notice that this order here that I entered it 10:17 at 46 seconds, the execution filled first at 1017 and 47 seconds. So this order filled.

That's the thousand shares I have and this order filled right here. That's the thousand as I have and then this order filled at 55 and this order filled at 1803. I Mean this is just crazy and so what? I thought and this was. This was my mistake for not having my order entry window showing right here.

it was hidden so I wasn't able to see what was going on I Just thought that maybe you know because Etrade has been a little laggy that maybe it just didn't accept my order. So I press shift 1 and I press shift 1 again and now I've got 2,000 shares. So I'm like, okay, I'm in with 2,000 shares I made 69 here. My cost basis is 69.

No big deal, right? That's acceptable. All right. So now I'm focusing on this one, focusing on this one taking traits here. and then all of a sudden my order goes through The first 3,000 share order goes through right there and the second one is gonna go through right here and my cost basis just jumped from 69 to 77.

I just lost 8 cents on slippage on you know, 6000 chairs. So at this point I don't even know I've got 8,000 shares because I'm focusing on this account and I'm thinking that it's gonna halt up at 3:06 So I'm trying to be aggressive and I'm I'm now thinking about hitting a homerun on this stock. It's one of hit home runs on before I think it's gonna happen again. It's breaking the daily chart.

It's gotta news. So I'm getting aggressive. This right now is looking awesome and now it looks terrible. just like that.

306 on the ass and now 274 by 282. You know what the heck? All right. So watch my mouse. So this is my mouse right here.

So I'm like, okay, all right. well you know. first one minute pullback. I'll give it a chance.

I've been through this before, no big deal. So I'm holding through the first one minute pullback and I actually decide to put my money where my mouth is and add some more share size. but I go over to Ameritrade and I'm like oh, I might want to go ahead and sell. You know, my merit rate account is just above the PDT level.

It's probably a good idea for me to take a little profit on it. So and I know I'm in at 62. so I've got a nice profit. So I'm gonna drop my mouse down here and I'm going to press the sell button.

Unfortunately, when I press the sell button, I'm getting filled kind of at the bottom of this drop at 80. So I got some slippage on my exit there. but of course the stock did drop to 80 by 81. and now my mouse comes up here and this is where I'm like wait just one second.

How is it possible that I have 8,000 shares I don't remember pressing the Buy button for 8,000 shares and my cost basis. Whoa. Wait a second. My cost basis is 281.

What happened to 277? so 277 is gone. My cost basis I guess is actually 281. It was 277 at 5,000 shares and then I guess when I added those last 3,000 and went up. So now I'm in this at 281 I minted a full 20 cents higher than this account and I press the Buy button on these both basically at the same time.

So the question is are Free Free Free Trades free Commission's worth it right there on 8,000 shares I Lost sixteen hundred bucks $1,600 in slippage. So I would say you know it's not worth it I would rather pay two dollars in commissions to each or air to Lightspeed in order to get a good fill and now it's just going into damage control. But unfortunately at this point I feel like I'm invested in the trade and now I'm feeling angry I'm upset because I had a great start to the day I was only planning on taking a small position and now all of a sudden I'm in this with 8,000 shares. It's gonna ruin my day I'm angry I'm frustrated and now I'm I've got my blinders on I've got my emotional trading blinders.

They look a little something like this. so now I'm not seeing things clearly. Alright I'm looking to my charts and is a whole new world and I am the foam, ozone, and the Roma zone and I'm saying you know what? Eff this, there's a cellar three I'm gonna buy it three. I'm gonna buy more shares of this because I believe it is gonna rip.

When it breaks 306, this thing is gonna rip and so I stepped up to the plate. I've got 16 thousand shares my main account. How many do I have in my IRA account? Let's flip over and we'll see in one second. I've got 18,000 shares my IRA account.

I've got over 30,000 shares of the stock. What the hell's wrong with me? It's emotional training what we're talking about right over there and a period of 10-15 minutes. I went off the Ring for no real big deal reason because I was pissed off that my Etrade account. you know the E-trade account doesn't even matter.

it's the main account that matters. the E-trade account. I Just wanted to test out to see whether or not it's good. But what I didn't realize was that this had the ability to trigger me.

This little mess up here had the ability to throw me so far off my balance, so far off my game that I would completely give in to emotional trading and the frustration of having not hit a really solid home run last week. I See this stock starting to pop up? We haven't had a big winner yet this week and I'm thinking maybe this is gonna be the one. I was read on Friday I was read yesterday and now I'm gonna be read again today. so obviously pretty devastating here.

The second worst loss of the year I'll get totally crushed on it and when I stopped out I want to show you the E-trade stopped out. So the E-trade one is the one that's the worst. So on each raid right around here, I'm like okay, it's time to bail and let's go back here once. So I'm like alright, this is.

you know, at a certain point when I'm reading a trade, I'm like, alright, well you know I'm underwater. Let's see this thing through. I'm not gonna sell it on support, right? I'm not gonna do that. That's stupid I didn't intend to hold it this long, but I might as well see it through because a good percentage of the time stocks bounce off support and then make a move higher.

This one has news. It has a decent catalyst. It's got a pretty good chart. It is a former runner I'll give it a chance.

It's at least worth giving it a chance now that I'm in in it as far as I am. So I give it the chance. but when it breaks support at 250 I have to sell and so I sell in my main account I book the loss and now I press the sell button. So I just pressed the sell button and nothing happened I press it again and it gives me an error message.

So once again I'm like what is going on. This is insane. This should not be this complicated. So I'm like okay, you know so I press cancel all orders and then I press the sell button again and it gives me that error again.

So I'm like alright I'll look fullscreen. let's let's pull it up fullscreen can step into my office see trade we got we gotta have a chat. So I pull it up and I realized there's a pending order at 37 1037 and 24 seconds. All right.

So we're gonna pull that up here. Let's see. So all right, So here we go. So that was one of these orders down here.

1037 and 24 seconds. That's this order here. so I seen it, it's pending. So I'm like oh okay then I guess it's trying to sell so let's get on with it.

So now we're just gonna sit here and we're just gonna wait and we're gonna watch it slowly fill. I Send the order at 24 and it finally fills at 10:37 and 54 seconds, that's a 30 second. That's a 30 second execution time now. I Have to have a mind to call each rate and at least ask for some free trades discounted trades after getting you know slammed so hard on those orbiters.

but it's free Commission already. So what are they gonna do? I'm not gonna do a damn thing. they're gonna say well you know it was a free trade. What do you know? What do you expect? You live and learn at least I lived just barely so.

so that was it. So let's go back and just watch this order execute slow as molasses. So there it's slowly going through. slowly going through slowly going through.

This is insane and there's a 30 second order. So I would say that was kind of the icing on the cake etrade. It's not that the account really mattered I just wanted to test out to see you know really beyond a shadow of a doubt how bad or good it was I wanted to know I mean the reality is yes I lost some money today, but in the last two-and-a-half years I've spent over a hundred and fifty thousand dollars in commissions to Lightspeed and I wanted to know beyond a shadow of a doubt that I'm getting my money's worth, that's 150 grand. That's a lot of money and I want to know for all of you guys, my students, some of you who have small accounts and are saying hey, should I just go ahead and use Etrade, it's free Commission The answer in my opinion is no, you're gonna lose far more on your trades then you'll save on commissions and unfortunately, that trade sent me into the FOMO zone and you know now I'm that I'm back out of it I can you know? make fun of myself a little bit and and think about it in a different way.

but in that moment I was you know I was just so so angry I was just livid with the E-trade account and then a few minutes later I was asking myself why I got so aggressive in my main account. So what take the loss in e train so you got a bad fill. So what? I wanted so badly for it to work and I believed that it was going to work that I just put my money where my mouth is and I just started buying it. The problem is I was buying not based on confirmation data from the market, but based on my emotion I was buying because I wanted a winner I was buying because I wanted to hit a home run I was buying because I wanted to redeem myself with my Etrade account in my Ameritrade account I Wanted to bounce back after a red day yesterday and unfortunately, those were not good reasons to buy more shares of that stock of this day.

I was not trading the market that was right in front of me. So what is the what is the the end result of all this? What am I gonna do to change this? So I'm gonna be totally honest that I don't know how to break this pattern because this is a pattern that I've had in my trading almost as long as I've been trading. It's a pattern that has produced over a million dollars in profit from an account of less than 600 bucks, but it has also produced some pretty big you know ups and downs. In terms of you know the emotional side and and I wouldn't even really say ups more like this is you know, regular and this is like the lows of pullback days like here here and here.

And even when I see the big winners, the frustration that I haven't fully maximized on those opportunities. So I think for me, you know I I do appreciate all the feedback that you guys give down below. I'm on my journey I'm still on my journey to becoming the best trader that I can be and I'm honored and privileged to be able to help you or at the very beginning of your journey. My strategy works, but I struggle with the emotional components of training and from time to time.

Today's an example: I deviate outside the risk parameters of my strategy to try to hit a home run to try to you know, scratch this emotional itch of I need to have a big winner for whatever reason, whatever the reason might be, and I think that perhaps an ultimate goal for me would be to become a more consistent trader. But the problem is I've had some incredible days as a trader. I think back on some of the best days I've ever had: I had a day where I made in one day forty thousand dollars and it was taking 15,000 share positions on stocks like bi Excel I had a day where I made 30 grand I had two days back-to-back where I made twenty-six thousand and one of those days was on Bo. Excel So I've had some great days.

My best month of all time was a hundred and seventeen thousand dollars and told a profit the dollar sign there one hundred seventeen thousand dollars. So I guess for me I feel competitive I want to hit those big home runs? It feels good. On the other hand, how would I feel if at the end of this year because I tried to hit so many home runs that I actually make less money than I made the year before. My daily goal is two thousand dollars a day.

Guys see, that's not 2,000 per day. That's my goal. Two thousand a day is five hundred grand a year. So two thousand a day Today I was up fifteen hundred and when I could have just tried to fill the gap to get myself up to two thousand.

I instead went for a big homerun. Of course, you have to remember that two thousand a day. Factors in that: I've had some huge homeruns and some huge losses. Maybe what I need to do is go back and look at my metrics.

look at all of my trades from biggest winner, biggest Loser and take those top biggest winners and top biggest losers and remove them and see if I only train it in here. If I didn't have any winner bigger than ten thousand and they didn't have any. Maybe. Actually, let's say five thousand I didn't have any winner bigger than five thousand, don't have any loser bigger than five thousand and I traded smaller share size.

Would this be enough to get me? There are these outweighing these. Are these so much bigger that this strategy? Well I can't change it I have to keep doing what I'm doing in order to make the million dollars and I don't know the answer to that I think that if the answer was that what I'm doing works and I should just keep doing it. On the one hand, it would give me the the you know the hall pass to keep trading emotionally, but that doesn't feel good and I don't like it. and so I think that I need to find a way to continue to have this type of growth to actually improve my growth to improve my average daily gains, but with fewer draw downs with less fluctuation.

Maybe the challenge is to be a more consistent trader and if that means slightly less profitable, but more emotionally even keeled well. Maybe that's a win-win all around. So for yourself for your own trading, maybe that question is is the daily goal too high? Should I bring the daily goal down to maybe for you 100, maybe 250, maybe to 200 whatever the case is and just try to coast a little bit for the next few weeks. I'm gonna have to focus on base sets at this point I went from being you know my month has been a lot.

This has been the craziest month I've had in a very long time. from 10 grand to down to grand to up 40 grand - back to break-even I'm flat on the month. So okay. well it's the 22nd.

I've got eight days left I've got how many trading days is that? I've got one two, three, four, five, six, seven trading days left. So I think the question here is if I keep this board right here. I'm gonna write this how many days since OMA won mm-hmm back to zero. Tomorrow is day one.

Tomorrow is about base hits. Tomorrow is about not trading in my Etrade account, but probably just trading in my regular Lightspeed account because right now I need to press the reset button I need to do what I know works and I need to bring the emotional level down a little bit. So this has been a long recap. Those of you guys who have stuck with it all the way The end.

I Sure hope you're subscribed to the channel I Hope you give me the thumbs up for doing these videos. They're not easy. these are not fun videos to do, but I do them because this is the journey of a trader and it's honest. It's transparent with the Green Day's and with the red days and I know that these help you.

So please leave comments below even if it's just a thank you for doing the video. I Really do appreciate them and I will see you guys in the chat room tomorrow and I'll be back on the saddle. Being a trader, it's not about how many times you get knocked off the horse, it's about how many times you get back on and I'm getting back on and I'll be there tomorrow morning. Hey, did you know that I Go live every single morning between 9:00 and 9:15 to stream my pre market watch list, subscribe the channel, press the bell for the alert and you'll get the notification.