What's up everyone? Alright, so here we are finishing the end of: February This will go down as my worst month in over three years of trading. It's a little disappointing I'm not gonna lie and I'm one of those traders that I always feel like I'm only as good as my last trade. so I made $117,000 in January who cares that was January this is February and I lost money I'm disappointed. you know it's I.

Try to keep perspective and remind myself that hey, even though I'm only down 10,000 on the month of February and I'm still up. You know, a hundred and eight thousand on the year, You know that's good, but you know you just can't help but feel like you're only as good as your last trade. You have to keep performing. and this month was really difficult for me obviously I lost for trading days of the month being out with my ski injury so that made it a little bit more difficult I didn't have as much time to recover.

One of the things I'll sometimes do is at the beginning of the month. I can occasionally get a little risky. a little aggressive because I figured that if I messed up I have time later in the month to recover and that's what I did this month I got aggressive in the first week and then I didn't have time to recover because I was out for a week sick or you know, hurt with my ski injury so didn't get the time to bounce back. bounce back a little bit on Monday and Tuesday I came into the market today knowing that I was still read 7,000 on the month of February and probably was gonna close read and I am I lost another $2,900 today.

so finishing the month down $10,000 But you know the good news is I'm still in really good shape on the year I've got a big cushion from the month of January so I can ride that cushion into March into April and when things start to pick up, you know then I'll be really in good shape. So anyways, we'll do a month in review a little later this week or maybe next week. But today, let's break down all of the trades in our midday market recap. What's up, everyone? All right? So we're gonna break down the trades from today in our midday market recap.

You know what? I Am just so excited to flip this calendar to March I Just want to put February behind me because it is. It's just not been in a good month. For me, it's been the worst month I've had since. Gosh.

I Mean it's been at least three years. I've had a ten thousand dollar read month so that's disappointing. But you know one of the things that I like any trader deal with, is that feeling of only being as good as your last trade. And you know it's like I was joking earlier.

You know, with a you know, With sports and stuff like that, sports are so much you're only as good as your last season, you know Tom Brady he's good, he's doing great but you know, missing that catch in the you know and the Super Bowl people don't like to see that and you know he does that a couple more times and next thing you know people are saying oh it's you know time for him to retire blue Blob So you're always feeling that pressure to deliver. Now here's one of the things that that I tried to do to compensate for that. I as much of the gains as I can as much of my profits that I make trading I take and then I reinvest into the market in mutual funds. So like last month, I've been saving up some cash for a while because I was telling you guys how I was concerned that the S&P 500 was really extended and you know I I didn't feel comfortable really adding more into it I had taken some of my money and moved it from mutual funds into bonds and so when we had this drop right here I dropped we had this drop from you know 288 down here I added 200 grand into the market right down here on the 15th or 14th and you know now I feel a little bit more comfortable riding that back up with kind of a new stop on those that money down here at the low.

So the point being that by Rhian vesting the profit into the market for five ten years down the road, I'll be able to make money just on my money. I'll make money on the interest. So if I do have a bad month of trading, there's no longer so much pressure for that performance, right? You start to get to a point where geez, you might actually be making more on interest than you're making actually trading. So last year I made 335 thousand in my small account 380 thousand total.

and my two accounts you know, four hundred thousand dollars, five percent interest on, you know, a two million dollar account, three million dollar account. You know it's starting to make a dent in that. You know that piano at the end of the year profits. So that's kind of.

My goal is to move in the direction in these early years of my career seventh year, eighth year, now where I'm putting as much of my profits away. So if I do get to a point where I just feel like I'm not trading as well as I used to for whatever reason, that then I can depend on living off of dividends. And so I encourage you guys to kind of think of it the same way as building these revenue streams. Right now, an active revenue stream is trading every single day.

Right when it's active, it's earned. You've got to get out there. and you've got to earn it. But you can take some of that and put it away.

you know? So for me, like I own two rental properties and those are passive revenue streams, you know? I've got to do a little bit of work, a little bit of maintenance stuff like that, but the revenue is coming in and so that starts to take the pressure off. And then when you do have a month where oh geez, you lost $10,000 day trading, it's like, well, okay, but that's offset by the gains from the rentals and the gains from long-term investments and dividends and stuff like that. So then the pressure comes down. it's less stress.

It's easier to bounce back when you're not putting as much pressure on yourself. So you know. one of the things we talked about in the classes is you know, really trying to get you guys to improve that mentality of you're here to create financial independence for yourselves. And yes, day trading is one means to that end.

But you can simultaneously start working on multiple means whether it's rental properties or making a plan for one. or it's putting money into long term investment so you can live off the dividends in ten years. It's having that kind of long term and you know, Marathon View. This is not about trying to make a million dollars by January So I can you know put a down payment on a Bugatti and you know next year I mean it's like this is about the big picture.

So I say all that to myself to try to make myself feel better that I'm closing the month red. But you know, even as I say these things, it's not gonna change the fact that I'm gonna go home. you know, sit down the couch tonight and feel like a jerk because I'm finishing the month red. It's disappointing.

you don't want to do it, but at the same time I'm not going to go to bed thinking I'm you know gonna not be able to pay my bills because I made good decisions with the 117,000 I made last month I didn't spend it on the brand new I don't know what? What's $117,000 fully-loaded Volvo I Don't know. whatever it is. So anyways, let's look at the trades from today. So finishing the morning down two thousand, eight hundred ninety seven dollars Oh Gross.

Depressing. So what went wrong? Four trades, red on three out of the four names only winners. my Oh in such a contrast to my accuracy yesterday cuz yesterday I was Green on seven out of eight trades of course I lost on that last trade and my first trade today ended up being a small winner. So first train of the day was my oh, this one was on our Gap scanner for a Gap and Go trade.

As you can see here pre market high, it actually squeezed all the way up to 447 pre market and then it kind of opened a little bit lower which was a little weird. a little bit of a funny open but I jumped in this at 3:26 and 342 and 345 which is kind of crazy because look at 30 at 9:30 and 8 seconds I filled 2500 shares at 426 not bad. One second later I'm filling 2500 shares at 42 almost 20 cents higher and another in that same second filling at 45. So now I have 7500 shares with an average of 432 or something like that and I ended up selling them for like a two hundred dollar profit.

It was like it did not end up being a big profit. it tapped for 60, didn't hold it, dropped back down I ended up adding at 446 and 454 tried to sell at 459 no fill, tried to sell a bunch, didn't get filled on those orders. filled one share. just remember enough to get the Commission because if I put out the order and it fills zero I don't pay Commission on it I only pay Commission if some of the order is executed.

so of this order which was 27 hundred shares, one share executed. That's enough for the 250 Commission with Lightspeed so whatever. sold more at forty six and then sold the rest at 41 So 286 dollars profit on my oh, whatever is, you know it's fine. Next trade MBV X This one was also on our watch list pre market for a gap and go but it wasn't a great free market chart because it had dropped down I wasn't that interested in it and then all of a sudden it started to spike up in this candle and so I was like okay, you know it popped from a dollar 10 to a dollar 25 and I was like I'm I'm game I'll jump in 5,000 shares at 225 225 I added more at 250, tried to sell it to 59 I now have 10,000 shares it hit 260 and then this thing dropped all the way back down.

Just disappointing. I mean it's actually now red on the day so it didn't hold up at all like 0% so stopped out of that with a 283 dollar loss which isn't bad for a 10,000 share position by just a little disappointing. And then let's see CC HC I so c HC I was not on our watch list this morning but it hit our gaps or hit our momentum scanner here at 2:15 219 and 225. so and I guess someone must have called it out in the room right around $2 Yeah, I guess it was around 2:00 So it pops up here as you can see.

let's scroll this back so someone calls it out in the room they're like hey, check check out CH see I pull it up and I'm like okay right? it's a former runner I know the stock traded it several times I saw it hit, squeezed up from 190 to $2.00 and so I jumped in right at 2:00 Let's move this back up. So I jumped in with 5,000 shares at 2:00 and got a partial fill at 203. Now it actually went all the way up to a high of 230 I put in order to sell half at 252, 49 and 239 because I thought I would scale out up in that area. Well, that didn't happen.

It hit 230 and then it dropped all the way back down and I'm breakeven I went from being up $1500 to being breakeven and then I held it and I ended up stopping out on this candle here I kind of was like well I'll give it a chance for the first one minute candle to make a new high right and I'll sell on the pop I Guess what? the first one minute candle did not make a new high until right down here at 185 and I just couldn't hold it that long. So I stopped out of that. but $1,100 loss and in hindsight, maybe I was too aggressive putting my orders at 39 and 49 I thought it would I don't know I thought it would tap those levels I didn't think that would be an issue I didn't expect it to come all the way back down to break even and then turn into a loss. So maybe the discipline on that one wasn't on point.

I should have stopped out break even. A little disappointing there. So then next one a HPI this one kind of frustrating so squeezes and gets halted. I saw it hit the scanners and I tried to type it in I typed in a pH I you know? so I'm like APH I and nothing comes up I'm like what's going on, what's going on HP I I retyped it and then I I see at that point it's already getting halted.

It goes for 10 420, 430, 440, 450 460 halted at 460. So I was like all right, well that's fine, its halted I didn't get in I saw some of you guys actually did get in which is awesome in this at like 420 430 440 and you guys sold up here at 525. So when it resumed I was watching it for resumption I put my order at 525 and I had my hand over the Buy button like this, it resumes and I pressed the Buy button twice. Actually, let's see yeah.

I press it twice and I thought I was getting filled at five dollars because right as it was at five, I pressed it. Boom Boom! But because I used a limit order with a limit of 525. Remember a limit order will fill you up until the limit up until that price. So it popped and I filled at 516 and 521 I then sold at 523 and 524 thinking I was booking a profit and then I looked down and realized that I was getting out breakeven.

So I sold half of it basically breakeven and sold the rest at 440. So in hindsight, maybe I should have had my limit order closer to 5. so I wouldn't have gotten filled so high. But I thought that it looked like it might open around 525 and I was thinking well, 550 would be the next target and of course this thing it opened and just it's just sold off.

So I stopped out here at 440. I said that I would stop at the low of the pullback. so that was right here at 440 so you can see this red candle. This is where I stopped out I was like I'll give it a chance for the first one minute candle to make a new high which was right here and then it rejected and so I said alright I gotta get out and so that was a $1700 loss.

So you know that does it for me because that's three losers in a row losing on MB VX my Oh and are actually you know, sorry losing on a pH I CH CI and MB V X So three losses in a row I throw in the towel being down 2,800 bucks. grand scheme of things isn't that big of a deal obviously I'd rather be green, but it's not a big loss I just have to know when to walk away and not let myself get to a point where I'm trading out of frustration. That's the last thing I want to do I don't want to be frustrated and I'd that's just gonna make me, you know, a impulsive and emotional trader. So learning to step away when things aren't going the right way is very important.

And today I did it so stepped away down 2,800 bucks. Closing the month of February down ten thousand dollars. It's disappointing. My profit trifecta for the month I haven't reviewed it yet I'll import all of my trades probably tomorrow once they're all said and done.

Looks like my average winners are only about twelve cents per share and my average losers are eighteen cents per share. So if we go on a per share basis, it's a negative profit loss ratio. My accuracy for the month just based on my Excel doc here looks like it's about 53% which is extremely low can compared to 70% in in January. So first year a little bit of a setback actually I have 76% for January and this at least in my Google my my Excel I'll log into Traitor View and just double check that average losers in January were 26 cents per share.

they were actually bigger. but my average winners were 20 cents per share. So my average winners were almost double. And you know it all comes down to your metrics and your stats.

But this month I just didn't have the metrics of a profitable trader. had a couple of big wins because the win was a ten thousand dollar a day or ten thousand dollar single trade winner that was on. Let's see what day was that that was February 9th Finished the day with 13,000 in profit, but then kind of slowly giving back some of those gains in the following week. then I kind of was like all right coming to the end of the month.

I've got two weeks to get myself back into good shape and then I was out for a week with my ski injury so didn't really have time to recoup those losses. But that's all right, You know it's just again. think of this is the marathon, not the sprint big picture. Life is good Green is good up over a hundred thousand dollars on the year as we come into the month of March so that'll do it for me and I'll be back at it first thing tomorrow morning.

midday are pre market analysis around 9:15 right around there and then we'll get into trading at 9:30 and we'll be starting a fresh month which is exciting all right. So that's the game plan. I'll see you all of you guys back here first thing tomorrow morning. All right, see you guys then if you're still watching, you must have really enjoyed that video, so why not subscribe and get email alerts anytime? I Upload new content.

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