What's up everyone? All right? Well uh, what could have been a decent 2 900 green day turned into a 23 000 red day when Fomo set in and I took that final trade and then just went down with the ship. I was like I'm not selling here. I was like the captain on um, the Titanic. I was like there's no way I I refuse this.

This ship is unsinkable and you know I I jumped in on a micro pullback and um, I liked the daily setup. I mean I liked everything about it except for a couple things, But for the most part I really liked it and I thought this was the one that was going to go and when it dropped I added and then it went further and I was like I'm not selling this. I'm not going to take this big of a loss on it only to watch it rip back up in two minutes because that keeps happening. So I just held it and then you know.

Finally I stopped out and lost over a dollar a share and just it was stupid. So um, you know I have decided that I'm gonna check myself into Trader Rehab starting on Monday and I'm gonna take the day off tomorrow and just get some space because these last five days have not been great. You know. Last Thursday last Wednesday I made 50 000 and on Thursday I made 100.

I made 150 000 and those two days put me up almost four hundred thousand dollars in gross profit on the month since then. Friday down 37 Monday down 37, Tuesday up Seven, Whatever. Yesterday down 30 Today down 26, 23. I'm giving back 125 000, you know, And I'm I'm disappointed.

I'm gonna be. So I'm gonna cash it. I'm gonna say, you know what? I'm up 100. I'm up 265 000 on the month I'm cashing it in.

I'm done. July is in the books and I need to press the reset button hard going into August. And that means Trader Rehab. What is Trader Rehab depends for different people.

It's different things. For me, it's restricting my share size and restricting the number of trades I take each day. Hey, that sounds like a small account challenge. Basically, it is.

So my thought is, maybe next week I just focus on the small account and I just the large account. You know, my retirement and my main account is what it is. I I'm not happy to be kind of leaving it, leaving both of them after this 125 000 drawdown. But um, all things considered, you know they're finishing the month of July in the green.

Both accounts are green for the month and I can just kind of set them aside and I can just focus on the small account for for the first week or so of August. Or I could trade the large account in the same manner, which would be one to two trades a day, three at most, three trades, most in one day, and max share size like 6 thousand shares. That'd be two orders of three thousand. I'm also removing my shift one hotkey because that is my impulse hotkey shift.

One that's impulse tap, tap, impulse jumping as something rips and that is very dangerous in a cold market. In a hot market, you know when the impulses are right and the market's there. It's great. You want to be able to move quick, but it's end of July.

The last two weeks have been pretty choppy. Aside from that burst of momentum on neuro, everything else has been shot, and August is typically choppy as well, so I should assume that'll continue. You know, for a couple more weeks before things start to pick up. usually September, October, November into December is when things pick up for me statistically speaking.

So, uh, you know, I don't have any doubt. I mean, I've been in this situation of having you know, five, six red days, or having you know, a red streak or a slump. I mean, I've been through so many slumps that none of what I'm thinking about or talking about is new. No, this is reinventing the wheel.

This is just. this is the same thing that always happens. You know, the market's hot, I trade aggressively, I make great profits, and then it slows down. I keep trading aggressively, I lose money, and then eventually either the market turns around and I just start making money again or I have to wring myself in through trade or Rehab because the market's not picking back up.

You know, that's kind of the thing a certain point. It's like, you know, I keep going around the track at the same speed and eventually the track. You know the rain will dry and I'll be able to start doing better. or it starts raining harder and I actually have to slow down.

And that's kind of where I'm at right now. And that's not surprising considering it's the end of July going into August. So my plan right now? Um, you know, Trader Rehab. Uh, for the first.

and I'll just kind of put this note here. So when I sit down on Monday morning, I'll be reminding myself of this. So I make this little. I'm going to make a little teepee here, so it's kind of like a little tent and I'm going to say Rehab Day One: Six thousand shares, max size, Three trades per day.

All right, I'm gonna put that there. that's gonna be. So until I, um, have a little bit of a cushion on the month now. The fact is, obviously if we see something like neuro, if we see something rip up to 300 percent, then the market's telling me.

okay, time to throttle back up. You know we're back on. I don't expect that's gonna happen and I should come in with the expectation that it won't happen and trade very cautiously. Uh, if it happens, then that's great.

That's awesome, but I should just assume that it will. So uh, for right now, that's going to be the plan for next week. You know, As always, if we see something that really warrants a reconsideration, I'm I'm okay to do that. I'm happy to do that, but I have to approach it with extreme skepticism and most likely I'm just gonna have to miss the first day something starts to make a move and only go aggressive if we have.

Day two. Continuation like we had on Neuro. Day one was a little, you know it was good, but it was also choppy. Day two: Day three: That's when we started to get some action and that's usually the case.

So we haven't had a good day too on anything. This week we've had pop and faith, so until we actually get something that holds up through the rest of the day and that we're looking at pre-market the next day and it's like wow, this thing is on the Gap scanner Second day in a row it's holding up. That's when it's time to be more aggressive. That's when the market's starting to heat up.

I guess what I would say is that hopefully as part of my kind of tray to rehab I'll be able to get you know, four or five days under my belt of just small base hit trades just to kind of clear the slate because if if on Monday morning we do have something that is gapping up like 175 percent the the problem is then I'm faced on day one of rehab with this temptation to just trade aggressively and while the feeling would be well, it's the right move because look, the market's high. This thing's moving The other side of it is that if I don't trade it well uh and you know I end up taking that big position, that's you know, too extended or whatever it is. Uh, come here girl. Then next thing you know I'm starting the month on a red note and I just can't do that.

So unfortunately regardless of what happens on Monday in the main account of my retirement account, I have to enforce this rule. I have to get a couple days kind of just to clear the slate and if something makes a big move during that time I'll make what I can on it with small size but I'm not going to be pulling you know, fifty thousand hundred thousand dollars out of the market the next couple days and that that is what I've talked about before which is the so when you have a big loss or you have a drawdown, you have the loss of that initial you know trade and then you have the opportunity cost of missing anything that comes in the following week because your confidence is broken and you have to trade conservatively and you know you took all the risk on those low quality setups and now you have no choice. Your back's against the wall, You can't be aggressive on these ones, and that means you're going to miss out on that potential profit. and that's your second cost that's on you.

You know that's your own fault. So it's my own fault. If we have a big Momentum stock on Monday or Tuesday next week and I miss it, that's my own fault. I'm going to miss it because you know, Well, this is what I just did this last week.

Unfortunately, I've you know, tapped myself out here and lost too much and I don't want to have a bigger drawdown. My account's now showing that my all-time high, you know, was marked after Thursday of last week and I'm down 125 000 in these last four days, you know? So um, five days? Whatever it is. So it just, uh, you know it's that's the way. That's the way it goes.

So I gotta, uh, redeem myself here and create a rehab Day One in August. That's where I'm at. So yeah. disappointing.

I hate doing a recap like this. It's not what I love. Um, you know I don't like these red streaks, but I've had them. Um, you know someone yesterday was like why does anyone listen to this guy He just loses money and I'm you know it's like okay this is something this guy must have like subscribe for the first time on Friday and I feel really badly Because yeah, these last four days have been pretty pretty lame.

but it's important to see it for what it is. Context. What's the context? Yes, it's true that this guy always loses between July Uh, you know, 23rd and and 28 2021. in that window.

Okay, that statement's true. What's also true is this guy's up over two hundred thousand on the month. What's also true is this guy's up over two million dollars on the year. You know.

what's also true is this guy lost 240 000 in one day in February. You know, this guy trades big, he has some big winners, and he's got some big losers. And what's true is that trading is risky, and that there's no one out there that you could possibly learn from that doesn't have losses. There'll be people out there that don't talk about them and that sweep them under the carpet because they don't think they reflect well on them because you know no one wants to show off.

Hey, look at how much money I lost. But um, you know, when I started doing a recap every day and that was in January of 2017, there's been a couple days where I missed a day and then I did like a two-day recap the following day or something. But for the most part, I've done every day since 2017. So 17, 18, 19, 20, 21.

So for five five years, a recap every day. There's gonna be red days and share them with you as part of the journey. Learn from them what you can. If you learn nothing from it, then you don't have to subscribe to the channel.

You don't have to watch them. If you learn something from it and I hope that you do, then hit the thumbs up and subscribe. You know I. I think that we've got a great community of traders out there that are all genuinely interested in learning as much as they can about Momentum Trading.

and we were the guys and gals watching these videos. So thank you guys for tuning in. Um, you know I'm sorry. it's been a lame finish to the month of July.

This is the way it is. You know I'm I'm disappointed in my performance. but you know that's uh, that's the way it goes. You just you know that's that's part of trading.

So you're seeing it right here. In case you already know, trading is risky. I come into the market every day knowing I have a risk of losing money and I'm comfortable with that risk. I take the risk and if I lose, I lose and I move on.

Now after five days like this, I've gotta press the reset button and I'm gonna do that going into August. So um, I encourage you if you're a beginner trader, especially this time of year, practice in a simulator. Don't put real money on the line. Definitely don't put real money on the line until you've proven you can be profitable in a simulator because the reality is, most traders lose.

All right. Thank you guys for tuning in. Enjoy the recap. It's a little I get a little deep.

I talked a little bit about. you know, the ups and downs of trading and right now I'm on a little bit of a down so you know where it's at. Take it for what's worth. I hope you enjoy it and I will see you guys on Monday morning.

All right, see you then. thank you so much. What's up Everyone All right? Well uh, it's official. Trader Rehab starts on Monday.

I I can't avoid it. I can't avoid it any longer. I tried, I tried to rein it in, I tried to slow it down and I have sped it up so I'm up 2 900 in my main account. I'm down 26 000 my retirement.

which puts me down 23 000 on the day for my fourth red day in the last five days of trading. So I'm going to cash it in. I'm going to cash it in. Taking my money off the table for the month of July, I'm going to walk away with money in my pocket, my tail between my legs.

but I'm not going to give any more back. So I am up. uh, before fees and commissions 291 thousand dollars on the month. Well after today, it'll be about and Sixty five thousand dollars.

Two hundred and sixty five thousand dollars. Hey, that's a great. That's a great great month. Great month.

All things considered, it's a terrific month. Um, I can be. You know I can critique it and the things that are not good about it. Uh, obviously it's not good that I was up 388 000 and I've given back 120 or whatever off the top.

That's not great, but uh, at the same time that's trading. It's ebb and flow. You make money and you give it back. You make money and you give it back.

And there is not a trader in the world who does not have losing days. There is not a trader in the world who doesn't at times have slow periods. This is part of trading. If you're watching on Youtube and Facebook and you're looking for a trader that never loses, you'll never find them.

If you're looking for an indicator that is 100 percent, right, you'll never find it. There is no holy grail in trading. When we come into the market to trade, we come in knowing the risk we're taking. Trading is risky.

Losing money happens easily. It happens quickly. That is part of trading. Good traders make more than they lose.

That's it. And they make money more often than they lose money typically. so their accuracy is higher and as a result, they're profitable. And I am.

and I have been this month. This has not been a great finish to the month. There's no doubt about that, it's been a bad finish. The first three weeks were great and the last two weeks.

well. I started with two red days last week and then I made 150 000 in two green days and I have proceeded to give it all back. And that's disappointing. To make a hundred fifty thousand dollars and then to give, well, basically almost all of it back.

Not, I guess, not quite all of it. but to give most of it back, That's pretty disappointing. The market has cooled off a little bit, but I haven't I've still been going full throttle, pedal to the metal. The rush of 150 000 in two days got me excited.

I thought, all right, this feels like last summer things are picking up. I got aggressive. Well, that was the wrong move. But I stepped up to the plate.

I put my money where my mouth is and I said, i think the market's going to pick up here and I was wrong. I was wrong on Friday, I was wrong on Monday, I was wrong on Tuesday. I was wrong on Wednesday and I'm wrong again today. So this is five days.

Uh, four days that are Red. Five days of of pretty choppy trading and I'm going to take tomorrow off. Um, I was already kind of planning on it anyways because I have something I have to do, so it's fine, so I'm going to take tomorrow off. I'm going to enjoy a long weekend and recharge a little bit, But when I come back on Monday, I can't come back in swinging for the fences the way I have this last week.

I just can't do it because what I can't do is continue this red cycle. I've been able to say for the last two weeks. Hey, at least I'm still green on the month. Hey, at least I'm still green on the month.

I'm not going to be able to say that next month. So when I sit down and it's August 2nd, Monday, I'm going to need to be starting from Zero Zero. That's where I start the new month. I start at Zero.

We all start the new month at Zero and so I need to reduce my share size. I need to trade more conservatively, and I need to try to build a cushion. And once I've built a cushion, then if we see some opportunity, I can certainly increase the risk. But until I've built a cushion, I just have to go slow.

I can promise you, having gone through so many of these cycles, I mean, I've been where I'm sitting right now. I've been here more times than I could possibly count. You look at any one of these little red streaks right here. Red Streak 37, 25 and 9.

You know that's that's A. that's a significant seventy five thousand dollar red streak right there. in three days. Seventy five thousand dollars gone back on the wagon.

You know. Or uh, things pick up. You look back at Uh May. This was a little stretch here.

This is like a full week. Almost two weeks of really choppy trading. You know, I didn't have any good winners this week. I didn't have any good winners this week until this day here.

Uh, let's go forward. Uh, you know. again, you can look at this here. here.

Look at this stretch. Green gave it all back, Green back to red. Deeper red. At this point, I went red on the year, then 66 000 loss.

I mean, this was a terrible, absolutely terrible two-week stretch. This is probably the worst two-week stretch I've ever had. Because unlike the last two weeks in the last two weeks, if we look at the profit from the last two weeks, um, well, let's look for at the profit from the first two weeks first of, um, January. So the profit of the first two weeks of January uh, was actually.

oh, we've got to include the 15th was minus 126 000. Yikes. 126 thousand dollars lost in two weeks? All right. So let's look at the last, um, two weeks here.

So the 19th? Um, let's see seven. Uh, we'll do 31. Whoa. That's actually 17 000 in profit? Well, but not including today.

So I guess I'm down like five thousand Eight thousand, huh? I guess that's not bad and it's not big picture. it's not. These last two weeks have been basically flat. I had two huge green days and then I had let's see two, four, five, Six red days.

And it's nice that two really nice green days uh, can make back the losses of six red days. It's disappointing that this is the way it is. Um, I'd rather in some ways have six red days in a row, and then two green days where I'm bouncing back, Because then I'd be finishing the month with some confidence, finishing the month strong. But that's not.

That's not the reality of of this month. So the fact is, if I go back to January 1st, 2021, or I even go back to January 1st, 2020 and we look down here at, uh, the profit, you've got 7.7 million dollars in gross profit. And I'll say, um, for those not, uh, familiar, that my results are not typical. But I will also tell you that the way I feel right now, I was down 97 000.

Um, on this current drawdown. Uh, and I'm going to be down 126 000 or 120 000 after today's losses are booked so 120 000. The way I feel right now, the same way I felt back here is the same way I felt back here. It's the same way I felt back here This was, I suppose worse.

but it's the same way I felt here. Same way I felt here here here. It's the same way I felt. Maybe not on those days, but definitely on these days.

Here: Down: 42 000 Down Thirty thousand Twenty Five Having drawdowns is not fun. No one likes to have back-to-back losers. Nobody likes it, Nobody wants that. You don't come sitting down here thinking, oh, I'm gonna risk thirty thousand dollars today or I'm gonna hit my max loss three days in a row or whatever it is.

But sometimes unfortunately it happens. And so right now, I'm on a red streak that really began on Friday. I guess you could say so. Friday Monday Small Green Tuesday Wednesday Thursday So I'm down 126 000 since, uh, last Thursday and I've got to stop the bleeding.

and this is where Trader Rehab comes in. So Trader Rehab for me, is about pressing the reset button. It's unfortunately, sometimes you just have to press the reset button, You get yourself in a rut and you're unable to. You sit down saying I'm going to follow the rules.

Oh, I'm not going to over trade this and that, and then you do it anyways, right, you know? And so when you're in that pattern of saying you won't over trade, saying you'll restrict your share size and then going ahead and doing it anyways or breaking the rule, then you really need to get yourself into that trade or rehab. And you need during Trader. We have to focus on discipline and following the rules of your strategy. and um, what usually happens.

Sometimes the first day is, sometimes the first couple days are tough. You fight. You're fighting it a little bit. You're like.

I've refused to really acknowledge this. I. So sometimes the first couple days in Trader Rehab are tough. you might get really angry, you might get frustrated.

but usually after a few days you start to kind of get in the groove. And so what I'm going to do. Next week I'm going to focus still on my small account, which has been slow and steady. Uh, going well.

you know I've had a break even. Day yesterday I guess was up only 20 bucks. had a red day earlier in the week or was it Friday last week? I don't remember, but you know it's been going pretty well and I've been focusing on one trade a day. and well, now two trades a day in this section of the small account between day 10 and 20.

So one approach for me for Trader Rehab would be just to trade in the small account because during the small, because in the small account, I'm basically already following Trader Rehab rules. I'm very limited on position sizing and I only take right now two trades a day. That's Trader Rehab, so I could just focus on the small account for all of next week and just kind of put the large account on the shelf. Yeah, I'm putting something on the shelf, that's you know, kind of.

It never feels great to throw something on the shelf after, you know, kind of some bigger losses. You feel like I maybe I'd put it on the shelf, but I've got to kind of recoup it first. I it's like putting a i don't know half cooked dinner in the fridge. It's like, well, it's not really why I should finish it and but with trading and with an account, there's never really a finish point.

I mean you, you could have a day where your account is at all time highs. My account was at all the all-time high, not the account balance, but my total profit was at all-time highs on this day right here. a week ago. That was the highest my account has ever been in terms of my my equity curve.

So I could have put it on the shelf right there and I guess that would be a perfectly okay place to put it on the shelf. but then you'd always feel like oh, I'm leaving so much on the table, why would I just put it on the shelf? So to again put it in context: gross profit in this account. I began it in January of 2017. So all of my profits since January 2017 that you'll see right here.

This is my gross profit and it's my net profit net of fees and commissions. This has all been verified with broker statements audited et cetera. So 2021 will get audited at the end of the year. But as of 2020 December 31st, this was all audited and I've got broker statements on the website.

So right now I'm down 126 000 off my all-time highs, which was a little over 8 million. So you know, if you think of it like that, you know I mean on an eight million dollar, You know total gain losing a hundred thousand is like two percent. I mean, it's like losing eighty thousand would be one percent, so losing 160 000 would be 2. It's not even a 2 draw down.

So Context is important. Now, Sometimes as a beginner trader, you're not able to have this benefit of Context And so what you rely on is your Sim trading metrics. If you have your metrics from trading in the simulator, you look at those metrics and say, well, I'm the trader who's done this. So yeah, I'm having a draw down right now.

but I know I can recover. I've done it before and I've gone through so many periods of ups and downs, I know that I will recover this. I mean, this is just five days of choppy markets and I should have, um, cut the losses faster et cetera et cetera. But you know it is what it is.

I trade aggressively. Trading aggressively is the only way to grow, probably a small account. It's what's worked best for me. But this, these losses come with a territory.

So going into next week I could just focus on the small account and that would be okay. Just just trade in a small account. Don't touch the big account for a week, just let the big account rest. Um, and and you might think well, geez, Well then when you sit down and start trading the big account, you know it feels like it feels to me like I don't know, like I if I just train a small account.

Am I really regaining confidence if I have five green days in a row? Next week? I don't I don't know if I would. I don't know if I really would feel like I've gained confidence after five green days in the small account. Um, I think if I had five small green days in the big account, that would be a bigger confidence boost. I'm not sure why it feels that way, but you know you think of like these athletes and stuff and um I don't know.

like if you are doing like motocross and you're like oh I just had a big crash, I'm gonna ride a bike with a small teeny engine smaller engine for a week. um you know. but then that next day you come back finally to the one with the big engine. Does it not bring back exactly how you're feeling the last time you were on that bike with the big engine? I don't know.

I don't know. I'm just thinking out loud. So my Trader Rehab rules for the big account are restricting number of shares and restricting number of trades. So what works well for the small account in that way, works well for the big account.

most likely on Monday. The approach for the big account would be one to two trades, maybe just one trade a day. That's the best. Trader Rehab.

One trade a day. That's it. If you go red, it is what it is. If you go green, that's great.

and with a max position size and that could be 5 000 shares, 5 000 shares. So I take one trade, I make 700 bucks. That's it. I'm done.

Shut it down. I do that for five days in a row. You know, get green. Small gains.

Shut it down. That's good. That starts to break the cycle, and obviously right now the market is just not calling for being more aggressive. Although I continue to trade aggressively, so it's certainly possible that during the course of the next week, the market could pick back up.

But it's also possible it continues to be slow. and if it continues to be slow, then I should be grateful. for a day like this 2900 and I shouldn't go swing for that big trade. This would have been a perfect like first day of kind of trader Rehab.

In a way, if I hadn't taken this trade right here. That was the one that ruined my day. One trade in in one trade, my average loss is twenty six thousand dollars. My average winner today is like a thousand.

That is the worst profit loss ratio you could have. How does that happen? Fomo, you know, swinging for fences, revenge, Trading and and I. I did all of it today. So on Monday Trader Rehab for me? Uh, it's not what I was planning on doing in the month of August, but you know you never plan to go into trade or rehab, but sometimes you have to.

So that's going to be how I start the month of August. Trader Rehab Discipline: Small size, and um, and focusing more on the small account and trying to make a little bit more progress there. The small account. You know, I've been taking two trades a day in it.

Uh, this week last week and the week before was one trade a day. But trading in in fact three accounts. retirement, Maine, and a small account all at the same time? You know your attention naturally is pretty divided and as a result, I'm sure I have been kind of under maximizing my growth in the small account because I just haven't been focusing exclusively on it. So it might be good just to focus exclusively on the small account for next week and just actually let the big account sit on the shelf.

And so it's down a hundred thousand dollars off the all-time highs. So what you know, when we have a stock that's up 50, 75, 100? that's the time to come back with the big account. and until then, maybe just hit those base hits with a small account and just be in a small account. Trade A Rehab mindset.

I don't know. I'm thinking out loud, I'm not totally sure on that, but uh, but definitely I'll continue to trade the small account next week since that's been going well anyways. and uh yeah, I don't know the big account is in Trader Rehab so the question will just be, do I trade at all or do I Just you know it doesn't feel like really trade or rehab if you don't take any trades because you're not. I mean you are.

I suppose in some ways, practicing discipline by not trading, but forcing yourself to kind of break the ice is important and and keep trading. I I always think that that's important and maybe it's not. Maybe I'm Maybe that's been my mistake all along. Maybe that, uh, maybe my urge to trade every single day is is a problem.

Maybe I should be okay with not taking trades for days at a time. I I've like, never done that. I trade every day and I have traded every day. pretty much for as long as I've been trading.

You know, over the last several years you look at any. I mean any time in my Um on my calendar here when I have a no trade day. Usually it's because I was out sick, I was out sick, or I had. You know, something I had to do that morning or something happened.

You know I had to be somewhere. I would say each year, maybe one day out of the year, Maybe one, maybe maybe two days at most. I sit down and I don't see anything to trade. Could that have happened on on May 19th? Maybe I don't remember.

Maybe since I was in this red streak, It's possible I had a no trade day there where I chose not to trade. Um, you know it's it's possible. like a midweek day like that. That might have been a no trade day.

Maybe I'm not. I'm not totally sure. but it's very uncommon. So you know you look back at years of trading and every single day I've got trades.

Now there's other traders out there that, um, are much more disciplined. You know about that, they don't They They know exactly what what their A quality setups are and they're willing to not trade. I'm almost afraid of doing that. I almost feel like I have Fomo.

A fear. I don't know if I call it a fear of missing out, it's it's a fear that if I restrict myself that much that what if my perfect setup like what? if I don't see it anymore like then I'm not, then I'm no longer a traitor. I don't know. I think there's a part of me that feels like afraid to not trade that.

What does it mean to sit here all day long and not take a single trade? What does that say about me about my strategy? Like I? I'm supposed to be trading? I don't know. Maybe I need to work on that. So anyways, some some stuff to think about. so you know and I'm not.

I really am not that upset right now. It just is what it is. Um, you know I can't be that upset. I'm up over two hundred thousand dollars on the month.

It's been a fantastic month, even after fees and commissions. You know my gross profit obviously is a little bit more fees and commissions add up, but it's been a great month. Sure, it's not been a great finish, but some months are great to start and week to finish. Others are weak to start and great to finish.

I mean, it goes both ways, and this is just the way July has been, so you know I'm gonna brush it off. But at the same time I recognize the importance of reestablishing, um, some kind of better discipline in my trading. And um, while I don't think that I'll ever get to a place where I'm so good that I'll actually just know exactly the right moment to ease off the throttle, I think that I could do better than I've been doing the last week. So it's time to get into Trader Rehab.

Uh, because I I can see the writing on the wall that if I keep doing what I'm doing, I'm gonna dig myself a huge hole in the month of August. And August is gonna be a red month And I don't want that. I'd rather be break even in August. I'd rather be up 10 000.

I'd rather be up anything than Red. So I want to get it off to a good start Because if I keep doing what I'm doing and I lose 100 000 in the first week of August, it's going to become my biggest, the biggest red month of my career. I could. That could happen right now.

That could happen. So I have an opportunity right now at this very moment to make a decision to not let that happen. And that's what I have to do. So the biggest red month that I've had.

Uh, let's see. let me look at. um where's that count Now I thought I was looking for. is it detailed 2020 monthly? So what am I trying to find? Oh 2020.

There we go. So but I got to do net profit. So after fees and commissions in 2020 I had a 27 000 red month and so that is the biggest red month that I've had. These were 19 000, 21 000.

Those weren't that bad. this one was 10 000 and this one back here. When I began my small count challenge, these ones were pretty small. So the biggest red month that I've had in the last five years is 27 000.

I could do that in one trade on Monday morning and I don't want to do it. So I got to get the new month off to a good start. I'm going to, like I said, cash it in, take the profit off the table for the month of July. Thank you July for a good month, I'm sorry that I didn't treat you better.

I wish I'd kept a little more of that profit in my pocket. but you gave me a taste of the big momentum on neuro and I kept going back for more. So it's the way it is that's trading. Flew a little too close to the sun and I'll be back in August.

And the redemption for August is not about money, it's about confidence. It's about regaining a bit of confidence after this two-week slump that I've been. So I'm looking forward to it. Uh, but I gotta.

I gotta make sure that I get it off to a good start. So that's where Trader Rehab comes into play so I will see you on, uh, Monday morning. enjoy the weekend, get some rest, and we'll see you on Monday! Hope you really enjoyed that video and make sure you hit the thumbs up and subscribe to the channel if you haven't already. Our goal is to hit 1 million subscribers this year, but we won't get there without your help.

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