What's up everyone? All right? Well here we are Friday morning and I just finished my six consecutive Green Day which is fantastic. I'm really happy about that I had a little bit of a red streak there, but if now, bounce back and I'm a little bit of a green streak. but you know I have been really fighting FOMO over the last few days the last week or so. I'm not even sure how many days in the last week I think this happened on Tuesday Wednesday Thursday so three maybe three days in a row that I went red I went green, then drop down, gave back a lot of profit and either went red or was way down and then dug myself back out of the hole and over traded like crazy.

the overall market right now being so volatile you know I keep hearing headlines come out of you know this is coronavirus headline or World Health Organization says pandemic or says this or Trump is going to say this and all of a sudden the market has these knee-jerk reactions and if you seems like if you jump in in that knee-jerk reaction then you get the whipsaw back the other way and it's like false breakouts left and right and I have burned a lot of commissions and just kind of spun my wheels trying to trade that stuff and I I think what has been going on is I've been trying as hard as I can to make back the losses from the restaurant I've been inpatient and wanting to make it back as quickly as I can. and of course because the markets have been volatile I felt like there have been opportunities have I only been willing to be a lot more aggressive than I should be. And that's that You know side that of myself that will coax me into taking really high-risk trades so you know how much you you could have made. it is.

you know to swing trade on TV I X It went from 88 dollars last week to over $450 this week. You know, why didn't you just hold it overnight and why didn't you just buy 3000 shares and then you know that party that's like, well listen, you literally can't afford the risk. You know the worst thing you can do is have a few red days in a row, start to bounce back, and then go even further in the red because you're trying to swing for homeruns. The only way to dig out of a hole is to just step by step.

Small green day, small green day and you have to be patient. But it's not easy. So I've been struggling in that a little bit and the way I'm trying to deal with that is just to totally stop looking at the market. So that's what I'm doing today.

I'm not gonna look at it for the rest of the day and you know well I miss opportunities? Sure, but I'm also preventing myself from giving back my games I'm walking away with over two thousand dollars of profit. That's a great way to finish the week. It's great to have six consecutive rent days despite the volatility in the market. It's when I get sucked back in that I risk giving back those gains so really have to be grateful for those gains.

2,000 a day is and that's good mine. so that's where I'm kind of at right now I Hope you guys enjoy the recap. I have some videos I'll be uploading over the weekend, so stay tuned for those and I'll see you guys first thing on Monday All right, see you guys soon! All right everyone! So we're gonna do a quick midday market recap. Go over the trades from this morning.

I'm gonna finish the day up 2241 dollars I Traded three stocks I'm green on only one out of the three but I'm gonna walk away Green which is great and C LH was the biggest winner and all three trades were to the long side. I'm trading in a retirement account so I can't short but NC LH was a bottom bounce buying a really weak stock as it bounced back up where as O CU L and B XC were both trading momentum stocks on Bx C. My last trade was right here for the break over for 650, hit high of six seventy six and then came right back down. My first trade on it was right here for the break over six and it popped up to 620 and then dropped all the way back down on that one as well.

So on the first one I lost about thirty dollars or no sorry I lost $200 on my first trade and then I lost about four hundred or whatever on my second trade. So two trades on that one no follow through I'm leaving it alone for the rest of the day o see you Well my one trade on this was right here for a break over 520 and that failed down $238 NC LH was the best trade of the day and this one I can show you the recording of so let's pull that up. Alright, where is this all right? So NC LH was halted going down and what you can see is that it was halted once. twice, Three times, Four times, Five times in a row.

halted five times going down. After the fifth halt going down I was like this to me. looks like it's time to bounce now. It was halted at about 10:30 and on the previous resumption from halts in, it immediately was dropping hard.

Now someone asked how I know when stocks will resume. This was halted at 9:57 and 34 seconds. That was the last print. so I know it'll resume exactly five minutes later which is not which is 1002 and 34 seconds.

So let's go forward to 1002 and 34 seconds. That was my first trade on Bxc, so here we're gonna look for resumption. So I put my order at 10:50 and I put my hand on the Buy button. This is a limit order.

It's not a market order. It opens and the first thing I'm seeing are Green prints. So the fact that it opened and I'm seeing green prints. This is the first time I've seen that in five halts going down.

So that is what said, You know what? That's what told me. You know what. Take the staff. So I start punching it here as I'm seeing green, one, two three and look at that.

I'm in 6,000 shares at 31 and I am now gonna be holding during a halt going up. That is a near picture-perfect reversal. It really doesn't get a lot better than that. The only thing that would have been a little bit better is if it had resumed and squeezed up to 1150.

Unfortunately, on resumption from this halt, I I felt like I was like listen man, you're in the driver's seat, just hold it and let's see if this squeeze is up to 11:50 but at the same time I can't let it go back to break-even so I sort of told myself if it goes back down to Allah 2:10 if it breaks back below 11 that's assigned to be really cautious and if it drops down to you know 10 75 then I'll ease off my position. So right now I'm like ok, this looks good I'm like 4600 I'm thinking I'm up but I'm gonna let it ride I want to see it move higher and then all of a sudden right there I was like oh, that's not good So I start selling right here and I'm all out except for 1,500 shares, it bounces back up but this isn't what I wanted to see. It's kind of struggling and then right there I said nope I got to get out so I made 3,200 on it. Not the best trade I've ever had, but as far as reversals go, it was a very clean reversal.

So I am happy with that at the very least. Unfortunately, the trades on OC Ul and Bxc you know, kicked me back a little bit. So instead of being up well 3 grand, I'm up only 2,200 CCL We had a really nice bottom bounce on this one as well. Cruise line right here and I tried to take that trade and I didn't get filled so that was unfortunate.

that was at 1550 or 1560. whatever. it was nice bounce full dollar per share all the way up to 60 and 60. but then it came back down I've been feeling I've definitely been fighting FOMO actually I wouldn't say I've been fighting it I've been just giving in to FOMO the last few weeks of trading.

Yesterday in the afternoon I had a trade on TB IX So what was going on the Sp500 yesterday afternoon? This was right where I was it was right about. Let me actually switch charts. I'm S Py T VIX I'm just gonna put this chart up here because this is all the way. I Had it yesterday.

All right. So yesterday I had this chart here and I was watching the five-minute chart on the SP and of course we had dropped down. This chart looks kind of crazy so let me just clean it up for a second. I'll turn that off so that we had the halt down, popped back up, came back down and we had supported this trendline here.

and then when we came back down right here I thought right here that the market was gonna break below this 251 level and flush back down to the lows. So when it dropped right here, I went long. T VIX right here and then T VIX proceeds to obviously the market false breakout bounces all the way back up to the V whap and in this trade right here. let's look at T VIX So that was yesterday.

What time was that? Um, 13 1505? All right. So let's go look at that. So that was so that was right right here. This was crazy.

So it am I looking at the right spot. No, I'm not sorry. It was right. it was right here.

Okay, it was right here when we got this breakout and you can see how TVI X had a nice break here over 386. It popped up to a high of 392 and then this candle I didn't take any profit so I was looking for it to break over 400 and then this candle drops all the way back down to 373. Even though I was only holding 200 shares, I was down over $2,000 so I was down over 2 grand. It then comes back up and I end up getting out of it and then into the after our session.

it squeezed all the way up to 472 which was absolutely insane. So all the afternoon trading I did yesterday on TV IX and on VIX and on Sv XY I finished the day up about $4,300 but so I made an extra thousand versus what I had at 10:30 but I was trading all the way at 6 o'clock My best exit on VIX was at $50 So VIX squeezed up after-hours 250 dollars and 50 cents and I was still holding and watching it as the market after hours was tanking. So even though I made an extra thousand dollars, my Commission's just kept going up and up and up and up and net I didn't really make any more money and even worse for a moment I was risking giving back my entire day of profit and I've been really kind of having a hard time with this because on the one hand I feel that when I stop like right now I'm stopping and it's 10:30 and I feel like I'm going to miss opportunities I'm gonna miss opportunities that might come up I mean I have obviously some great opportunities this morning on NC LH and there may be other traits just like that later today that could give me great wins and so it feels very difficult to walk away knowing that I'm going to be missing out. On the other hand, what is easy to forget is the fact that every trade you take of course carries risk and sometimes like something like T VIX can just rip against you so fast that all of a sudden you know you're You're a deer in the headlights.

I mean literally, you're just staring, you're just like you're frozen. So and I can pull up my trades yesterday and so yesterday was the 12th, 3, 12, 2000, 20. So this is my this is my gross profit yesterday: Four thousand, three hundred eighty seven dollars net profit after commissions 3169 I spent eight hundred and thirty three dollars on ECM fees and 384 on commissions at the rate of two dollars a trade. So two dollars a trade that's almost 200 trades, 200 individual executions where I press buy, press sell, press by press sell.

you know? So I was I was just churning just turning my wind to loss ratio is one to one. My accuracy was 57% you know it just wasn't a great day. And of course on Wednesday I had that really nice trade on what was it BK Weii that gave me an extra four thousand dollars and it was thanks to you know stepping up and taking this trade right here at 11:30 so you know I There's that part of me that feels like man, you know if I trade past. you know if I if I do trade in the afternoon I I could make some extra money.

However, let me just show you my pl. This is a year-to-date by time of day. this is my P&L by time of day so you can see that the bulk of my profit is between 9:30 and 10:00 a.m. 30 minutes.

Yeah, you can even break it down more but just show it like this. it's easier. So between 9:30 and 10:00 and then trades between 11:00 and 12:00 no between 12:00 and 1:00 and in fact anything after 12:00 12:00 noon net this year so far has been a loss now. I did get that $4,000 after our trade yesterday which was nice and in that profit because that's when I finally locked it up I guess but on Vicks But generally speaking the afternoon trading has just been burning commissions and spinning my wheels.

and even despite that, it still feels hard to walk away because you never know when you might have a day that you do get that winter. So it's something that I'm trying to get a little bit better about. And it it's so easy to get sucked back into the market and all of a sudden sit down and to hear the scanner or see something and think okay, this is it and the feeling of being a little behind the ball, not having made as much as I was hoping I would make in January and then trying to play catch-up in February then getting really aggressive in the last two days of the month when I was up 85,000 and thanking I'm gonna go for a hundred thousand dollars on the month and then losing 15 grand in the last two days. So that was disappointing.

I'm in good shape on the year I'm green on the year, but I'm not up as much as I would have liked to have been. So Dave my fees yesterday were $800 and those were ecn fees and my Commission's were about three four hundred. So almost twelve thirteen hundred dollars in fees and commissions yesterday, which is crazy. That's way way too much considering how much I made.

It would be okay if I made $20,000 You know, I'm usually okay with Commission's being about 10 percent of my profit. That's typically been the case. and that's the the price of having really good executions and using the software that is used by institutional trainers. If I wanted to use software like TD Ameritrade Let's just say, for every 10,000 shares I traded, I got one cent less in good execution.

That'd be $100 loss for every thousand share every 10,000 shares. So then you're talking about a hundred thousand shares. That's a thousand dollars. You talk about three hundred thousand shares.

That's three thousand dollars. You know you start talking about millions of shares over the course of months and years and you're talking about a lot of money lost because your executions are really not very good. Ecn fees are the fee to direct route your order, so I can direct route my order to. You know any of these market makers here, but I have to pay for that.

You can't do that with most retail trading platforms, but retail traders generally are not trading as aggressively actively as I Am, so they don't need to. They don't need it. but I do so Anyways, today here at 10:38 I'm gonna walk away it is. Let's see my six consecutive green day.

So six green days in a row I've left some money on the table. Some days I've given back profit on several of the days trying to just over tray and giving into FOMO and today I just want to walk away green I would have been better off having just one trade on N Clh, but snaps a couple of things. gave back a little profit. I'm not gonna try to get back what? I lost doesn't really matter I'll be back at it tomorrow or on.

Monday and try to make a you know, seven consecutive green day. So it's nice to be on a little bit of a hot streak here maybe a warm streak. And it is nice that while the market is red I am green, it's a good feeling. You know it's not nice to see the market red, but just to feel like you know it really doesn't matter.

The market could be down 11% 12% like it was at last night and I'm still making money. In fact, today when the market was up, it was a little harder to find good trades. so I probably even typically do better when the market is red. But anyways, that's it for me I Hope you guys have a great rest of the day and I will see you all first thing tomorrow morning.

All right bye everyone! Hey, did you know that I Go live every single morning between 9:00 and 9:15 to strain my pre market watch list, subscribe the channel, press the bell for the alert and you'll get the notification.