And then not that's not my goal, but it's just like these drawdowns. Now that hurt you in the the short term. Those are what turn you into a great trader, because, eventually, once you get everything sorted out, your risk, your setup and once everything is clicking again, you have that confidence back that will turn into a blip like it might turn into an unnoticeable amount of money. On your equity curve, you're listening to the steady trade podcast, welcome to this steady trade podcast with your host stephen johnson, jeevan stonson and for a rare occasion, but hopefully not the last brace to hold here, brace it praise tooie and that's it that's the introduction, because Tim paul's - not here it, that's not me short and sweet terrifying.

Welcome, bryce how's it going. Are you a cause, you're kind of a co-host, yeah yeah, um dude man, i'm doing well uh. You know we're, as we were talking a little bit before and we'll get into. You know trading's been a little slump here, but besides that, like honestly, no complaints at all man, uh life's, been good to me and i'm just kind of trying to you know take that all in still and then get ready.

For probably you know, i no no guarantees in trading as we all know, but we also do know. The market tends to heat up towards the end of the fall and into the winter so trying to just like mentally prepare, for hopefully some crazy runners and you know, and do that, trying to get some traveling out of the way right now, like you're doing dude. Sam, i mean for me: i've just done portugal in a surf camp and then uh and then obviously i'm playing.com in back school. Now you've been traveling as well, but if you're anything like me, if you have a, if you have a red month like i'm, i'm having a rare month, i'm walking through the streets of mexico thinking i'm going to be homeless soon.

I don't know i don't know what to do, but i'm like walking around the streets. Thinking will i be sleeping. All you really have to do, though, is before before you know. Before we go completely broke with our red month.

We just have to move to be homeless, so that way we have no expenses and we still have at least a little bit of money from our trading profits. You know what i mean: yeah and you'll make some money back in you know what i mean. So it's like it's like multiple revenues, multiple streams of income. That is exactly how they meant it, but uh, but no dude.

I mean like. Ultimately what i want to say is it's it's a privilege to perform talk stops it's a privilege to talk to you. It's a privilege to like have this space with you and dude like you've, got to think like i'm, i'm traveling the world right, i'm traveling the world i didn't play. I don't call it i'm about to go on a date with a beautiful mexican woman.

Yes, there'll be a little bbs tonight, like with a group of problems like dude, i'm living the dream, i'm living the dream, but even if you live in this good life, dude one last one lost in trade and i'm just going to bed early lying in bed. Depressed no and it's it's crazy to think of it. That way, because, like honestly, that is how i was when i was. I did most of my traveling end of august early september, and that is more or less when my downswing started and it made it harder for me to it's bad.

That's when i realized, i probably shouldn't trade on vacation because it made it a lot harder to enjoy the vacation. When you see those red numbers you're like all right. Well, i'm spending money traveling. I shouldn't be trading anyways because i'm distracted and now and now i'm just losing money like look taking losses as a trader is hard enough and then you add all these other factors onto it and it's like.

Oh, what am i doing? What am i doing, but you do it the right way right, like you're, you've, got to enjoy the time you're on vacation and like realize how grateful you know we should be to be in these spots. Yeah, like literally dude, like life, couldn't be bad, but but being like a trader and being obsessed with trading. It's it's almost like you can't take it off and then, when you do, when you do come back, you just take a random trade to get that dopamine hit, and it's a stupid trade, and you just your head's, not in it like you've, got to be totally In the zone, that's why there's a book called in the zone? Yes, i could, i completely agree you have to have to be in the zone. It's it's a necessity in trading.

We all know that, and we just like it's hard to follow that sometimes and dude. Like what both transfers in life right we're both most likely on a gamble right, so we need to be fully. We need to be bullied. We need to be probably in the zone fully in the zone like no distractions, there's just too many distractions when there's too many distractions around like the sun shining, i can jump in the sea.

Skills are everywhere, there's new nightclubs in mexico that i've never been to. They look crazy, it's it's hard to trade, so i've gone down to a small account. Yeah! No - and i that's like one of the biggest things that always helps me whenever, like i'm going through a slump, is to really to remove every distraction, while i'm trading, because you know when, when things are hot and like when i'm in the zone, i do a Really good job at drowning out everything else, drowning out all the noise, and you know whether that is like actual you know, outside life or like our social media lives, i'm gon na try to drown that out and so like i'll go enjoy my life after the Market's done or after i'm done trading but like i don't want to again going back to the traveling thing like i don't want to be trying to travel around and place trades. You got to be completely focused and uh.

That's definitely been a big lesson. I've learned the past few months, no and absolutely the the exact same for me, like i just took a master red month for no reason, not massive, but not the worst. I've ever had. I took a bad red month, but i mean what was your.

I mean i've saw some. I've saw some uh tweets of yours, the look. They looked negative, not negative. The look don't look like, though you're in the red.

So do you want to what how's the month been going up and out of it completely like? What's been going on with bryce yeah uh, what's been going on with bryce is, i am. I also have uh a red month quite a hefty. Well, it's hard because i've, never! I haven't had a red month since i became profitable um, which it's been well over. Uh, it's, i don't think i've had a red red month.

Oh man, it might even it might be going back to 2019 um, which it's so it's you know. I've had red weeks but red month like this, is it's new to me and it's something i knew. Would happen, i knew it would come along um, but for me i think i'm right about 50 000 this month which saying that number out loud it still hurts, but i have to keep it all in perspective, like my even august, which was one of my slowest Months of the year was eighty thousand dollars green. So it's i got ta keep it in perspective, but it's hard to keep in perspective.

No, but i mean, if you're anything like me, catastrophize like if the slightest thing goes wrong in 50. Thousands a lot normally, but not a lot in your life, um you'll start thinking, ah, is it? Was it too good to be true? Is the dream over? Was it? Was it just luck? Is this the beginning of the end? Am i gon na lose everything? Do you are you like that, or is it just me um? So i really at the beginning of the month, so here's basically how this all started um in mid-august, i went to colorado with my cousin and my brother, and that was when i decided to be a swing trader and as it turns out, you can't just use Day trading size on swing, trades and expect to make money um so that it's that started off, i went into about a 30 000 drawdown and then made it back the day i got back to texas um. I had a 40 000 green day and i was like all right perfect we're back to normal, as it turns out. We weren't back to normal.

I just nailed like two great setups that day um, one of the so anyways back to the question is once after. After i hit that new high again um, literally from that day on, i went into a drawdown that i haven't been able to recover from yet and for the first, like two weeks of the month, i was like. Oh my god. Maybe i just got lucky um and then i started really hardcore digging into my stats.

My charts and what i found is that you know i've for over a year and a half now i've been trading one setup well one one very specific, intraday pattern: um a couple of daily chart patterns, but like one pretty common setup in and the fact of The matter is that you know i always heard this well before i became profitable is you can never rely on one setup in your trading because markets change and what i ended up realizing is that unfortunately, my the setup i did really well with when the market Was going bananas, it's, it is dropped in effectiveness and what i've noticed is that not only has my win rate dropped, which is fine. I've gone through, even even while the market was hot, my win rate has dropped, but my risk reward remained. You know, relatively speaking, between two and three to one, so it was always fine. Well now, most days, my risk reward is roughly one to one um, even on the best setups i might get two to one, not the best, but the you know, and the problem is the the win rate - doesn't justify that right now like that right now, this Is not profitable and it's just simply there's not enough buyers on these uh low flow runners.

I shouldn't say that multi-day they work yeah. But what can i just clarify? What the main setup is like roughly, it doesn't have to be exact just so the audience could be in the picture, yeah for sure um. So, basically, i'm buying tight consolidation breaks off of either multi-day breakouts um well, multi-day range breakouts. Some day in the problem, normally it would be a multi-day breakout, but the issue is multi-day.

Breakouts have been really choppy lately, um they'll break out then close below the breakout. Then gap over the breakout then dip back. It's not clean right now, so i've been focusing more on the multi-day trend, breaks, um and then i d, like specifically one of my favorite easy scalp setups, was about uh uh, a bounce long. You know first green day and exhaustion exhaustion day gap up uh and those have just i mean as seen with sprt now g-r-e-e-h-l-b-z um ipha, like these former massive runners, are simply not bouncing um and when they do bounce they'll gap up and then just chop around.

All day, there's really no clean, intraday, breakout, um and so they've been longing has definitely been a little bit tougher in this market. I shouldn't, even i shouldn't say, tougher tougher for the setups i trade um. I have seen some longs doing. Well again, it's more multi-day, though like cei's, the biggest one i can think of, but there are these really, relatively speaking, slower, multi-day runners, i mean we back when the market was hotter.

We'd get these stocks that ran from they'd run 200 percent intraday and then, even when the market slowed down, we'd still have the multi-day runners were still three four five hundred percent over the course of a week um and there was always really strong, intraday setups and I've definitely noticed a lot of the moves are happening pre-market and after hours, right now, which is definitely made it a little bit harder. For me, gbr was a good example. The other day where i was. I was long end of the day for that uh.

You know bowen style view op ed, a view op break um, but the move happened after hours, um and so they've. Just it's definitely just been harder, but it's been good for me because this has been my now my time, i've slowed down my my losing um and i'm working on just really kind of it was going like this, and now it's more just it's a very slight Down and i know it'll recover, but this has been a good time. Yeah stop the bleeding. You know what i mean and uh now i'm now.

This is my time. I'm working on just kind of learning, some other setups familiar guys, familiarizing myself with some short setups that i have not tried yet, but just familiarizing myself with them getting data on them and ideally in the next year, i'll have at least two other setups in the In the toolkit i mean just just - i just want to stop you, then just just some words of encouragement. I just i just want to say that i love you brother dude. I appreciate that and the same goes dude and the love.

What i'm good, i'm just sending the love. I appreciate it man. I appreciate that, but um the audio. You can hear okay right or it's iffy, it was.

It was choppy for a second, but i can hear you again now yeah. I know, but i mean the exact same thing has happened to me. You would think uh if lungs are doing well, then shorts aren't doing as well, but uh dude, makeup and crap saddle like i literally turned six hundred dollars into over a hundred thousand dollars on that setup, and this was over the last two years and it just Worked very very well, then, all of a sudden, the setup would be like. I would take drawdowns on it that were ridiculous and i'd be like these drawdowns, never used to happen and now they're happening, and then the drawdowns just turned into massive losses.

And then now i'm addicted to sean gavin craps, because uh me brian made has made so much money doing it, but i physically can't do it anymore. I did it today like this one works but dude like i can't stop shorting the setup that no longer works. Well, and do you know what's crazy about that too? Is i remember you know, do you remember going back to 2018 2019, where you get those gap and craps, but the beautiful part about them? Was you always got to pop most of the time you got a nice pop to short into you? Could risk pre-market high? They don't pop anymore, the ones that crap literally it's straight depth, drop and there's like sure you could short the open and risk. Like i mean do, the risk award is not justifiable on it.

For me, i because that was something i was looking into. Is the gap and crap and right now dude they don't they don't even pop the short into the the gap and crop is the worst setup in the world because it washes and you can't short the wash and then you think, okay, like we've, had a big Drop i'll short, the higher low i'll build in those just grind back the grain back the slowly slowly, grain grain, grains till about 11 o'clock hold hold, hold, hold, get very tight right and you want to take the long take the longer dumps heavier than life. Take the short the squeezes on you and you think this can't be happening again, so you hold it and then it's one that runs and it's a coin flip there's no there's no there's no edge on that because it can go either way. I found the same thing and definitely one thing too, that i'll uh i'll i'll note that i've seen i don't have any data on it, but it seems that the best gap and crap reversals so far are happening on multi-day runners, the ones that reverse and turn Into longs multi-day runners um, what was the other one, the other day, uh there was one that just happened, i'll, probably i'll, try to think about it, i'll try to think of it.

But yes, why? What's that? Was it etsy ads? Why was i don't remember if that that never closed at highs, though i don't? Oh, maybe it was uh it punched after i was. I can't remember yes, um well, either way like the the ones that work the best for a long, and i because i was this - this is the long that i'm noticing works. Is that it's that midday v-op break and it consolidates right above it and the only way to really justify the long is to keep that risk really tight. And basically, your risk turns into view op, which is where it's consolidating but yeah in terms of the short like it really does, because that is the logical spot.

To short right is that pop into v-op and then half the time it seems like. Okay, yeah it'll fade into oblivion, the other times it'll, squeeze your nuts off yeah and often it'll yeah. It's just a really tough show, and you just i mean basically the way i see it is the ones that kind of rain and hold the more chance of being longs and the ones that like really drop and then have a short bounce, they're more likely just To reject because it's a little panic rather than a grind, it's a panic of like shorts bounce, covering rather than like a slow grind of this, is going to turn into a proper trend. Yep yep, i agree man.

I agree. It's it's a tough market out there right now, but again, there's always money to be made. It's just. It might not be your setup yeah, but dude, i'm just worried about being homeless on the streets of mexico, like i literally need to i've literally dropped the cabin crap right for now.

I've dropped it like i'm trying to drop, but i'm looking at, like maybe the day after, like you know, day two, if it's it's like day, two of the cabin crap or like first red day after a big run like the stuff, like the like the the Ev sector on that ride, and i'm i'm looking at some longs, but then, when i see you not doing well on the loans, i'm thinking should i should i even try this yeah, it's it's. I and, like i said man, i know there are money. Are people making money on both sides? It's just the way that i long and apparently the way you short you know it's not working for our setups right now like and it's just something you have to accept and, like you said now, you start looking into some other setups some other strategies for when This kind of market condition comes back around now today. We're recording this on what day is it uh the wednesday? The 29th i mean we had some crazy runners today, cei broke, four p-a-l-t went from like five to twelve or something, but this has been kind of a one-off day.

So far for uh the the majority of low floats, i haven't seen a really solid, all-day runner and small cap land, and that makes it hard for shorting too, though, like like, you, said, and we're gon na go back to it again. Just because something is up. Doesn't make it a short and just like you have to have the right entry criteria? People don't understand that, but let's be honest as well. Dude, like we had a crazy, i mean from, was it from january january last year, what not, from january this from january january this year was the most insane market i've ever seen, and everyone was calling it a bubble and all that stuff and like we had Corona virus - i would, i would have - i would have accepted like the markets dead.

I would have thought oh the market's done, but it was crazy. Anyways you've got to expect some quiet times. I mean, like, i think, the people it's unfortunate. It's the people that don't expect the quiet times that expect this to last forever, that are the ones that are largely at risk for blowing up um, and that's like why i've always every day i go into the market saying like i'd rather expect there to be Nothing then put expectations that it's going to be so hot and, like so crazy, because if i expect the market to be slow and let those setups come around, i'm more likely to not take stupid trades and then only focus on the one or two setups that Are like all right, this is a this is a clear long and unfortunately, it's really hard to tell yourself that on the days where a ton of stuff is gapping up and those are always the ones that i get caught in and today was looking the slowest.

It's been forever, i remember was talking to roland this morning and i was like i don't see a single stock i like and, as it turned out p-a-l-t-c-e-i d-i-t-s offered some great trades that, unfortunately i only took cei and dats but um. They offered some great setups, though yeah, and i mean, and that's one thing that i respect about roland like roland, can just shut it down. Go play some golf love life he's fed up. Well, he's like happy just he seemed i'm speaking for him, but he seems happy to just shut it down and switch off.

Where maybe for you for me, i've still got a point to prove as a trader. I've still got something to prove to myself. I couldn't agree more and that's roland me and roland are supposed to potentially go golfing after uh after this call, because it's it's a good way for me to just walk away from the markets. You know what i mean, but i feel that same way like and i'm sure a lot of new traders do, especially ones that are just finding like that initial burst of consistencies like now you're addicted, it's like for for me.

You know when, when i'm getting a slump with like working out, what gets me back into it is seeing those results and it's nice like working out, because you can always control that um, but with trading it's like once, you see those initial results you get addicted. You get hooked to this feeling of, like oh, my god, i'm making it now it's time to exponentially increase my size, it's time to trade more it's time to make some more money, and if the market doesn't want you to make more money, if the market doesn't Want you to size up, it will let you know, you know what i mean, and it's can you accept that that that that's the if you can accept that you're going to be fine, if you can't accept that you're going to continue to use too big a Size on setups that aren't worthy of that size, and it's it's all like a psychological battle. It really is, and that's, as is the case with both of our drawdowns, i'm assuming i'm assuming it's a psychological battle for you too, that dude it's a disaster i mean, but, like literally, i tried to trade uh less with a bigger account. It didn't work.

I just kept on pushing buttons of more size, so i just went out to a small account, so i literally couldn't so like if i'm trading with like one two thousand dollars no and the one a good really. I think this is something you and i are both doing right now. That is extremely important for like any trader - and i know i remember when i first came across tim sykes. I remember him like at one point saying in a video or something like it's better for people to trade with small accounts um, because it forces you to take smaller size.

You know and like for me. I i i had a half million dollars in my account at the beginning of the month, and then i was like this market started to happen. Every time i took a big loss is like all right. I have to take more money out of the account and i'm down to i withdrew up to.

I went through a lot of it. I'm down to a 50, 000 or 70 000 account right now and to me you know that oh i'll still be able to take one or two good positions at a time, but i cannot physically be in four positions at a time. Five positions like i don't. I don't have enough account size and keep getting started.

Go ahead. No dude! I was just saying i've done the exact same thing like when i was trading with a bigger account like i was trading with a bigger account in a smaller account and uh. For me. Now i just went out at one two thousand dollar account.

I can still make 400 500 a day, but i can't i can't take propositions. I've only got to take the one stock that i think is definitely going to be a good trade once i've made like 300 bucks. That's like a 20 growth in the account. I don't want to trade anymore.

Just for me, account 20. So it's you can still make money, but you just don't do stupid things when you've got less like say if i've got 10 gallons of water in the desert. Right and i don't know when i'm coming home, i'm going to give one of them gallons of water away. So i'm going to think you know what you look thirsty.

Do you know what i mean? I've got two bottles of water in the desert and i don't know when i'm gon na find some water, i'm not giving the second bottle away to someone else, even if i like them you're thinking about you, have to think yeah, you're gon na think about yourself And your safety first and it's that's a perfect analogy: dude like if your account's, too small you're, like you're gon na, keep your what do you get like you, you you're not going to let yourself blow up that account and that's i see this on twitter. All the time like really the more successful traders they they're, really big on, you know paying themselves along the way and paying yourself normally means taking money. Well, actually always pay taking money out of your account and look and if you've got problems with risk. I'm like look just me.

Risk is rubbish right now, like cutting cutting risk is rubbish right now. It's something that you've always been good at, but i'm like look if you can't cut your losses at least trades so small like if you do, want a really bad drawdown and it's really bad you're down 150 bucks like if, if your drawdowns are going to be Terrible make sure a catastrophic situation is a two hundred dollar red day. If you can keep them like that, until you can cut them yup i do. I could not agree with you more.

That's well said you got ta you're gon na make sure you're gon na. Take a big loss in terms of the the account but you've taken money out of your account. It's this much smaller account now um and it's going to be way harder to have those big red days, you're going to have to be doing a lot wrong and if you could still have a big red day with a tiny account. It's probably you got.

This you've got some other emotional issues. You got to work on first, but uh, but not like dude, like you, you've done fantastic. You've done a great job, you've brained it, but like you're doing a great job this this is like. It was so like, oh that was sort of like great traders go through like what they feel is a terrible downturn and then look at the profit we charge and it's actually a very small blip.

And you just you want through a small thing, and i that's always what i'm telling myself and you know this is whole, like one more word of a word of wisdom for those of you who might be in a draw down yourself or so my my last Big drawdown, when was i when it was when i was at forty thousand dollars in profits uh as she was thirty five thousand, and i had a drawdown period where i lost four thousand dollars. So i was more than a ten percent of my equity curve drawdown um when the market got hot, that turned into my average day was four thousand dollars and, like you said, like i look at my p l chart, i can't even see that anymore. Now am i saying i'm ever going to get to the size where i'm making 50k a day, who knows probably not uh, not in the near future? That's a lot. I will one day, but in the not that's not my goal, but it's just like these drawdowns.

Now that hurt you in the the short term. Those are what turn you into a great trader, because, eventually, once you get everything sorted out, your risk, your setup and once everything is clicking again, you have that confidence back. That will turn into a blip like it might turn into an unnoticeable amount of money on your equity curve, so dude we're both like survivors right now i mean: do you know how like hedgehogs like stop up on a lot of food and then when it gets Dangerous they're just having it under the ground in the that's what we're doing right now, we stocked up on our money, just like two little hedgehogs, yes, dude! That's the title of this video steven steven johnson and bryce tooie, two little hedgehogs little hedgehog sitting on a pile of cash. Apart from i don't have much i'm secretly starving.

I hope people are laughing as much as we are right now, man. I really hope people watch this and aren't like these two guys are idiots another dude like i mean honestly the market's weird, as i'm just holding back. What advice would you give to other traders? I don't have size down, stop the bleeding. I don't want to go out and i'm finding the toilet and someone says what's wrong with myself.

Don't know if i'm going to make this a trader on me night out to a stranger, yeah um. I guess the biggest - and i give this advice to everyone in small cap rockets because, like that you know - and this is especially this should be new - or i say it's them, especially because, like as a brand new trader, you're - probably not profitable, yet um and it's Gon na take some time to be, and so for anyone who is a in a drawdown or b, not profitable um. You need to make it, and i guess you should do this at any time, but more so than more so now than ever um you got ta. You got to commit to journaling, you have to like it's it sucks, it's not fun um, but journaling.

Most of the time, you think you know what you're doing wrong in your trading, but then you journal it all down for a couple weeks like a couple weeks straight - and you say: oh my god like when you're about to place that trade, you look, you think Back about that that mistake, you made that you wrote down in your journal like well. Why would i why would i buy here if every day i like, i have to write out for me, i take like you know five ten trades a day in a slower market um. So if i'm writing out five or ten times a day, why am i buying here? Why am i buying here? Why am i buying here? Eventually, it's going to click in my head when i'm actually taking that trade? Well, i don't want to sit down tonight in tonight's journal entry and write down again. Why did i buy here when i made that same mistake? It's just a way for like you to really ingrain it in your head, the issues that you are going through and then in real time, you're gon na look back at that journaling and be like i'm, not writing this down again, i'm not gon na.

Let myself write this down again tonight, yeah! No! It's because i used to always save charts right but say you take 10 different trades. You screenshot 10 different charts. You would like flick through them really fast, but then you're not really taking it in what you. What you're looking at and then you see you've got 30 days.

That's our 20 years and that's 200 charts. 250 charts. You know, i don't see a consistency of what's going right and what's going on there, really unless you really go through, but for you for adrenaline. It's different because it's most in-depth written analysis of each trace, yeah and that's for me.

I i take about 15 to 20 minutes per trade. I take um, which one encourages me in a slow market to trade less, because i do not want to write as much at the end of the day and two though, like um, like you, said like if i'm taking, let's even just call it five trades a Day right now, because that's basically what this week has been, i'm not just gon na remember every mistake i made in that chart, but if i'm taking 15 minutes to break down everything, i did wrong or right on a winning trade everything i did wrong like that's. What's that five, that's what an hour a day, that's five hours worth of just writing out every mistake i made how stupid i was like that adds up that's 20 hours a month of how how much you messed up like that adds up and you're going to Remember that in in the in real time, yeah - and i think honestly like i certainly feel i'm at the point - i'm sure you do too, where i'm not gaining that bot from watching like educational material anymore. So the real education now is self critical analysis really, and i definitely noticed that being a thing for you once you have your strategy or set up down.

You need to dial into that and like watching educational content is fantastic when you're trying to figure out what you want that setup to be to learn more about that setup. But then, once you have that dialed down you're consistently profitable with that setup, the real learning then comes from refining your already defined edge um and that's going to come through data tracking, journaling um. Sorry, i just had to repeat that refining your already defined edge. I think it's it's important right.

I just love the way. You said it. It's a coin phrase. It's a it's a book.

It's a book title i could. I could write a book on that. I could definitely read it. No, but sorry i interrupted the info.

I'm sorry, no, no yeah! No! I was i was done there. No, i was done that was. That was like. That's that i was just saying like you're.

That makes. That is exactly what, for those of you that are watching that already are now consistently profitable but you're like how can i do better? How can i fix this drawdown? I might be going through like refine your already defined edge. That's like that! That's right, yeah, but and dude it's like it's like when something's, not working you've got to stop doing it like it. I asked struggle for like i was up.

I was up like 40 50 000 this year and give it give it back pretty much give it all back and just repeating this setup that didn't work and and it's not like i'm a bad trader. I don't think it's more like a little really bad lesson to next time. Think the next time someone doesn't work, stop fighting it just move on to the next yep and that's that's it's it's hard to do it's a discipline thing. You know what i mean.

It's really people really under not underplay how important this discipline is um under underplay how how much you're going to struggle with that discipline like you can hear it a thousand times that you're gon na struggle with discipline, but until you go through it, you're not gon Na realize how undisciplined you are and we're all every trader that takes a loss they shouldn't take is undisciplined, and it's about really working on making that making you less undisciplined yeah yeah, but i'm sure one thing you'll see as well as the market changes all the Time, which makes it even harder, because you can think i'm not one of your setups - that's not working right now, you can say i'm not taking that anymore because it doesn't work and then you see one of them work really well. Do you think? Oh, maybe it's working again, but it's just a one-off and ultimately the setup has bad probability now yup yup, and that's that like going full circle here, i think that's why it's important once you are profitable to start working on getting a second setup going um one That works in a slower market condition or a choppier market condition or a different one right now, this kind of vibe from just this month, kind of like 2019 vibes, where i mean any gapper just instantly. The bed longs were really tough, not a lot of follow through there's, definitely more volume now than there was in 2019, but the runners are weird the gappers day, one gappers there's not a pop to short into and they just fade all day and then, if they Look like they're gon na be along. They probably are gon na fake you out yeah, but but then again, if, if all the governments just faded all day, i'd be a millionaire and dude there's, there's gammas are just a lot.

A lot of them are like there's a lot of gap, craps that are running like a lot of like the worst ones as well like the worst ones i shouldn't run are running um. I've been squeezed see i'll have, throughout short, three i'll make good like five hundred five hundred five hundred dollars, i'm up like 4.5 2k, not bad, it's kind of slow market. Fourth, one i'll just lose two and a half round and i'm down down a thousand and i'm just like it's, you should cut your losses faster, but it's just they don't. The gap.

Craps are reversing like they didn't used to yeah i'll. Give you that much. They do definitely reverse, and then they fake you out and you'll go long, they'll dump again at the end of the day and but they already hit your stop. If you're short, you know what i mean like it's really hard to trade, those right now.

It is, and i get sucked into them too man but uh, but i mean not to worry, i mean the positive side is um. I think any any any struggle always creates success. I think any adversity always breeds uh, learnings and success, and i think you have to there's some good quotes on it. But you absolutely have to struggle to to make money in the longer term and we've both been through the struggles and it makes you resilient and you've just got to keep going and and think about where you've come from and where you are and you're you're.

Certainly a lot better ahead than me, but did you're a grinder as well, and i did we both both got good lives. You know a hundred percent, i couldn't agree more man and uh. It's we're gon na we're gon na be just fine. These struggles, or it's gon na really turn the help us turn the corner.

Um it's gon na make the next round of success that much better. It really will yeah and in terms of loans from from last november, or now, i'm learning, but i feel i feel the most comfortable i've ever felt, taking long trades, um, so yeah we'll we'll just see. But do you have any final final thoughts for the for the steady traders out there uh? No, i mean i honestly. I think everything i hit was a lot of what i kind of wanted to talk about during my like about this drawdown and for anyone.

That's going through that you know really listen back um and again it's it's going to come down to discipline and putting in the work. If you, if you don't put in the work, your drawdown's not going to stop and when it does, and when the market turns and gets really hot again, you're gon na just lose that much more when the market slows down. If you don't put in the work now so put in that work, guys and gals absolutely and and if you don't want to put in the way - oh, i can only do an hour or so trade small size, just trade small size. But i know that's the wrong message put in the work, but and until you get it trade small size, 100, oh 100, 100 small size is key.

A hundred percent agreed um all right. Well, yeah man, that's everything! I've got well. I mean on the subject of keys, i'm gon na uh, i'm gon na put the key on the door, turn it and lock the door on this podcast. Yes, yes, i like it.

I, like that and just say, like look uh, i mean look bryce and i are going through some some struggles. I mean when you say, struggle it's a red one, going through a red month, let's green last month and read this month, uh but uh, we're both size down, we're both looking at another setup. So both waiting for the end of the storm and where the dawn will have its new bright day and uh, and otherwise i hope, if anyone's got any questions or anyone's, got any comments on the youtube section. How's your dream going hit the comments, uh and otherwise fantastic i'll.

Have you on here, brace, fantastic dude? Thank you so much. I appreciate it man. I really appreciate it. I hope you guys enjoyed that video thanks so much for watching and being part of the stocks trade community - we wouldn't be here without you guys make sure you hit that like button and subscribe to the channel.

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