What's up you guys? Alright, well um, red Day recap today, you know I don't feel that I don't I feel I don't feel that bummed out about it I mean it's been I have no right to feel that bummed out. it's been a really good hot streak I would say usually the times that I'll get a little frustrated is if I have a red streak or a red day and I'm like man that was totally avoidable. So regardless of how much I've made or lost or ever the case is any day that feels like it was avoidable. you know? or I made a mistake or as a result of a mistake that I made I think it's natural, feel a little frustrated.

So from that perspective today as I sat down to start trading I didn't like the Gap scanner. Now we've had several days where the Gap scanner doesn't look that great. but we do end up seeing some good opportunities. so having kind of a weak Gap scanner that by itself doesn't that's not.

It doesn't guarantee that it's gonna be a bad day, but you know it's it's kind of the first little red flag. so bad Gap scanner. and then the mistake that I made which I am a little disappointing about is that on the first trade which was a gap and go trade, I was pretty aggressive on my share size and I ended up being a loser and I was down like $4,500 on the first trade. So in that moment that was the biggest loss that I've had.

and in terms of that was the most read on the day. I've been in like weeks so that was kind of where I made a mistake because then from that point forward I was sort of a little bit on the defensive and I was like I'm red I got a I gotta kind of get myself out of the red and be a little more careful and I jumped into something else really quickly but also failed spend two back-to-back losses I was at 7,000 I was like boy, this is this is again to be a bigger red day and that happens really fast when you trade with bigger share size. So I my mistake was trading with share sites that was a little too big for the first trade and then that. That's what put me kind of in a bad situation, right girl? So you know I'm a little bit bummed about that and then I did you know I had today? If you look at all the trades, I had probably one T or maybe $18,000 in winners and another $30,000 in losers.

So it's not that I didn't find any profit today. it's that my losers generally were significantly bigger than the winners. and so one of the things that's a little frustrating is that after those first two trades, I sort of impulsively jumped on something and took a really unnecessary loss. All right you guys.

So we're gonna do read: they recap first red day here in a long time I had a really nice green stretch which was awesome and today is the first red day. So today I kind of made a couple of mistakes right out of the gates right out of the gates. The very first stock I'd trade was S Int which was on our Gap scam. so this is gapping up 249 percent now pre market I was like I don't really like it that much because it's pulling back which is true it wasn't a very great pre market chart but I thought you know this is the one that most people are are going to be probably watching so because most people are gonna watch it I think maybe it'll get better follow through then then I'm expecting I think it'll be maybe a little irrationally strong and so right out of the gates I Bought this breakout right here and that was it.

about 275 or whatever it is I bought 10,000 shares and then I went to 20,000 I added cuz I thought as it popped up here to 290 that it was gonna break over to 90 and rip through 3. It then drops down and I was down 4500 in the first trade and so I didn't build my cushion. Usually my goal each day is to kind of have a smaller green day or a smaller green trade, build the cushion and then get more aggressive on the next trades. I went aggressive on this one on the very first trade and I went Brett and so that was the the deepest read that I've gone in like two months of trading.

So basically I started the day down for Grant and then Evo C which was the second lead in gapper that I was watching right here started to curl up and I bought this one for the break of this pre market pivot right here as you can see and on that one I lost another three grand and so in two trades I was down seven thousand. Now the way I've been kind of in terms of like max loss and stuff like that, this is the first day where I really had to think about and where am I going to draw the line to stop trading and I kind of thought I was like alright, well I'm down seven thousand You know that Obviously that sucks but I had such a good week last week you know and at that point it was only like 935. I sort of felt like you know I don't think I need to stop trading yet. Let's just see what, let's just see what happens next.

So you know in fact I did lose another 3,000 off of that $10,000 or $7,000 initial loss. Maybe I should have stopped right there, but I think I also had a good chance at getting back to Green. Yeah, so that would. Those are my first two trades so that was on SN s int and Evi Okay, now s int I ended up taking more trades on and going deeper in the red.

but one of the trades that I did pretty well on was on me on Sony on this stock popped up. It was not on the watch list, but it popped up right here and broke the the high day of the opening range. It then squeezed up and I don't remember exactly what my entry was, but I bought this as it was squeezing up and then we got a first one-minute camel to make a new high which was a false breakout. Not a perfect setup, but I got a couple nice trades through this squeeze here from 950 to 1050 so I did okay on that.

Now I wasn't green on the day and I don't The order of the stocks I traded is probably maybe a confusing way to look at it because then I'll just be going back and forth back and forth. so I'll just go stock to stock. So my my running P&L on the day I never went green today my P&L looked more like this: First trade $4,000 loss. Second trade a $3,000 loss so it's down 7,000 and then I had the trade on.

you owe any So I made 16 or lost $69 on it. whatever. Then I had the neon trades so I started to make a little bit of progress back up. but you know I took a couple trades and I switch to something else I had a trade, another trade on SN S int I went way red on that one so I back a little bit lower then I had another trade probably on neon I had let's see X paw I had IPOC and then I had Fran which was really nice.

$9,000 and actually I was up almost 13,000 on it. But then my last trade on Fran I gave back some profit. So I think at my very best today I might have been down only $2,000 which is a little disappointing that I gave that back and I gave it back on SH Ll IPOC and IDE X So let's look at those ones and we'll look at the charts a little bit more on each of these. I traded so again just to recap: so first trade was on S int and where I tried to add back on this and where I got myself kind of frustrated was as it curled up right here.

So I got in this again opening range it dropped I Got back in here for the break through the flat top. it squeezed up to 304 than flushes down I wasn't quick to take my profit turns into a loss. it first candle makes a new high. not really trusting that because they had just done this false breakout, it squeezes a 14.

it drops back down to 3 I believe it was either on this one or this one. I tried to do a dip trade long on the bounce off 3 and it flushes down to light to 90. So stopped out again and I just I kept buying anywhere from 15 to 25,000 shares of this and then boom 10 cent loss. Boom 10 cent loss.

Boom 10 cent loss. So it's not even a super expensive stock, but with 25,000 shares or maybe I even have 30,000 on one of the trades, you know losing 10 cents three times is 7,500 bucks. $9,000 So I just kept being on the wrong side of this one. and it started with my first trade $4,800 or whatever that was and then I had two more losses and I just couldn't couldn't get green on it.

So that was a frustrating one and you know I I was a little bit not sure it was gonna be clean and then once it started to move up I just kept going back for it and I should have walked away from that one sooner. sh ll My second biggest loss, this one. Incredibly frustrating. So I got in it right here on this pull back.

This was a five-minute setup. I was looking for the break over 1750 psychological resistance. it was consolidating. Under that, this is a good one minute setup.

I bought as it squeezed up right here I didn't take the first one. me that candle to make a new high on this one I just added at 1750 so I had it for the break through the highs and it didn't break I gave it a second and then I looked away from it because I saw I believe it was s int popping up so I switched till I was like alright this is this is I'm just gonna give this a second I switched and looked at s int I think I got into that trade I then looked back and he had broken 17th I was like you've got to be kidding me it dropped down to 1650 I added a 1650 to try to average down and catch the bounce off the low anytime I do that. My new stop is basically right where I added it came right back down. stopped me out of the whole position.

So $6,700 loss and that was on that trade right there so that was really frustrating. It did come back up and I did try to get back in right here at 1750 but it was really choppy. Big sellers on the ask, hidden sellers and you can see from 18. it did another big false breakout right back down so you know this one I was a little concerned about cuz it I didn't think it was a super obvious stock I didn't know if a lot of people are really focusing on it I think today in general there weren't a lot of really obvious stocks.

My loss on IDE X is a little frustrating this one. I had a nice trade right here at 355 and I actually bought 45,000 shares. so I took a pretty big position and it popped up here from 55 to 65. It hit a high of 60 and then dropped right back down to 46 back to break even and so when it came back up I got back out for about forty five hundred dollars of profit.

I was like that. that's good enough so then it goes a little bit higher and I got back in I think it was at 65, sold it like 68 I got back in at 73 I sold it 78 I felt like I I felt like I was getting in so high I had to sell quick. then I got back in right here at 92 and again on this one I about 45 hundred shares sorry forty-five thousand it hits a high of 94 and then flushes right here and this is where I stopped out. So I lost 20 cents on that.

it's $9,000 I gave back the profit I had went read on it and I felt really frustrated because again, you know I if I had held my initial entry from down here, I'd be up $20,000 if I didn't held might hold my initial entry I knew I was getting in a little high I cut it off the table and then it kept going. So I got back in and then had to sell quick. got back in, had to sell quick, got back in and then on a setup that I thought was definitely gonna break through for and then got this quick flush back down. This ended up being a double top and the false breakout both on the one minute hand, the five minute and now it's just come back up and you know popped through that level.

but you know my exit down here the low was 61. my exit was let's see Haiti so if I had held to 61 I mean I I wouldn't have wanted to hold 45,000 shares 40 cents against me. That would be 16 thousand dollar loss just in that one trade. Now I've certainly had some, you know, really big winners in the last few weeks and that gave me the confidence to be a little more aggressive.

but honestly, today wasn't a good day to be aggressive. I was at at this point in the day I was trying to get back to Green and you know I was being more aggressive than Dino would to try to get myself back to Green. I was trading a stock that I knew wasn't very easy to trade and wasn't giving big breakouts. but the only way to kind of make money on it was to trade a bigger size and you know I had the right idea, but my execution of it was not very good.

I got in and thence and I got faked out cuz and sold too soon. So that whole thing of selling a winner too soon and then holding a loser too long. that's indicative of trading with trading more emotionally and that's usually the result of trading with size that's too big with a 45,000 share position. All of a sudden I was like oh my god if I if this all of a sudden drops 20 30 cents I'm going to be down ten twelve thousand dollars fifteen thousand So once I was up 4500 I was like nice but then when it came back down here and broke the half dollar I was like no no no that's not good I better just get right back out it comes back up and I was like thank goodness I can get out breakeven or whatever it was me I think yeah if it goes right here.

but then it ended up doing exactly what I thought it would do. a nice clean five-minute break out of three fifty five and a test of just about $4 390 so that one could have gotten me out of the hole. but because I was in the red, I was a little more on the defensive and because I was trade with bigger size I was a little bit more kind of jittery of jumping out and jump back in the back out back in it just didn't really work out super well. So I'm down 3,100 on that stock so that one's probably the most frustrating IPO see this one I'm down 3,000 on I Saw I hit the high day Momo scanner I pulled it up and I was like oh, it's a recent IPO sometimes recent I POS can give us nice breakouts.

It did a little pullback right around here and I got in at 12. it doubled top at 1250 and then flushed down. It actually hit a low of 11 21 I added on that dip and got back out here at 1184. a $3,000 loss so that was joining volley was a little lighter I had again kind of the well I don't know if I had the right idea on this.

it did end up going higher I think it was a valid set up with a recent IPO because the recent IPO break out can be a powerful one, but it just didn't work in that case. NK This is a another frustrating one. I missed this pullback right here I sort of dismissed it I saw it and I was like I don't know again I don't know that it's obvious I don't know that people are watching it I don't know that we're gonna see good follow-through from it, but it ends up ripping all the way to the hi. So finally I was like, all right, I'll take a stab at it.

what the heck? Ah, it's clearly strong I'll do a one-minute pullback I bought the one right here and that ended up being the first false breakout. So fortunately I didn't get smoked on it. but first false breakout it drops way back down at the Vu app I was watching it at 38 for possible long but at that time I'd switched my focus to IDE X so I didn't take that tray down there for a bounce off the view app. It ended up being a really nice trade from 38 back up to 1250.

but I didn't take that one hex Bob hid the scanners was squeezing up I jumped into it for the break of the half dollar. right here at 50 it failed I lost 700 bucks so loss on that one sh ll IPO CID X We've already reviewed these so BM are a hit. The high bay Mo scanner was squeezing up and I was a little disappointed on this one because I traded it right here and then it had a So I it was spiking up and I thought oh maybe there's news on it I wasn't sure but I was like okay I'll buy it for the break of the half dollar so I got in at 7.50 right here it squeezes up to 779 First want me to kill would make a new high right here false breakout so I traded it in. lost a little next one minute candle to make a new high or sorry first five-minute candle then to make a new over here on the 5-minute chart.

a second false breakout right here, then it rips up but doesn't really squeeze through the high, pulls back and I didn't trade it on this set up here because I thought it just did several false breakouts I don't trust it so only 1500 on profit on that and on Fran This one hit the hide a momentum scanner and actually got halted going up. So I didn't take it into this first halt right here. but it resumed. it squeezed higher and I was long into this halt right here going into 57 on resumption.

I added at 7 and took profits 739 which was the 200 moving average 737. So that ended up being a nice trade and I was up 13,000 on it and then I tried to do a dip entry right down here off the V whap and it went lower and I lost 4,000 So I went from up 13 to up 9 and I think after that trade was when I was at my best on the day and closest to crossing into the green and then from there I started rolling back into the red. So I really gave it a good shot today. I You know it, You know you could say well Russ the days not over you still have you know.

four hours left. The fact is I am NOT Number One Two issues Number one: I'm not seeing really clean momentum on. certainly on the 1-minute chart. We're seeing a little bit of five-minute stuff, but that has the risk exposure of holding stocks for longer First 5-minute calum to make a new high here.

If you just got in on the 5-minute and say you're stopping the 5-minute your stops are big. This you know it looks like a break of force you know in the making, but I can't get in this at 4:00 I Just am afraid I would get stopped out. So I'm at a point now where it's past noon time. It's not a good idea for me to keep trading.

It's not really a big deal just to cut the loss and say I'm red on the day I didn't have as far as I'm aware, three consecutive losers. but I kept having you know: one or two green trades, one or two red trades, a couple green trades, a couple red trades, couple green, a couple red, and just two steps forward. three steps back. Well, I started with three steps back, then one step forward.

three more steps back. So I went all the way down to down 7,500 came back up to down only about 2,000 or maybe something like that? I'm not sure exactly. and now I've rolled back to down 10 10,000 And although if I really wanted to stick around and trade to 4:00 p.m. I might be able to find some more opportunities I might be able to salvage the day and maybe close the day in the green.

but I think it's unlikely and I think really the best chance of me having a good green tray will be tomorrow morning. So I set my mental stop today that if I was down more than 10,000 that's where I would walk away and before my last trade on IDE X I was because I took 45 thousand shares that at 90 and stopped out at 80. I was down about 4500 on the day and still thought well in that trade I was like this: This trade could give me the chance to get back to green. you know, 4500 shares.

We get that quick break of four up to 405 410, 411, 415 I'm gonna be green on the day so that was sort of the moment of truth. and then I lost 4500 and went from down you know, 5,000 to down over 10,000 or whatever it was. So so that was kind of that last trade that really had to work and it didn't and I'm glad I cut the loss. where I did is disappointing as that was because at that point I knew my day was over I was I was in here looking for that quick break that's just surge of momentum through 4 through 405 through 410 and we didn't get it.

So today's a day where I guess if anything, I'm a little upset that I'm red only because I from the very beginning of the pre-market watchlist didn't see anything I really liked I knew I should be a little bit more conservative today and then right out of the gates as I saw something squeezing I went right in with bigger share size than I should have and so I think what that speaks to is the fact that you can create a plan and then in the moment see something that totally derails you. And so what I saw in the moment was lots of green on the level - lots of buying and I was like wow, this thing looks good because when I've seen exactly that in the last couple months, that's usually indicative that that's gonna rip right here. What? I just saw there that looked like that looked exactly like what I would expect that burst of green for a breakthrough for. So are we gonna get it? because if I was still trading, I probably would have bought right there for that breakthrough for and now I'd be like wait a second What's going on now if it breaks below 390, people who bought that for that break are gonna bail out.

So now we've got 97 but oh my God. 50 48,000 share Seller: 48 not oh sorry 98 45,000 shares on the Ask: 45 44 and now it's back to 97, So we're just not seeing the same momentum today that we saw last week. and Monday's you know it's not uncommon for Mondays to be a little slow, but I just started to aggressively It put me in the red. Then I was on the defense trying to get myself out of the red, trying to take bigger share size, get quick base hits, and when you're trading from that position of just not being in the driver's seat, your traits and your decisions are usually not going to be as good.

So it's just so important. Try to get Green in those first couple days first couple trades of the day and I just couldn't do it today And the fact that those first two Gabor's failed can sort of set the tone for traders in general. and then they they stopped. So while today I was aggressive and I worked hard to try to recover the losses and get myself back to green.

I Also maintain the presence of mind that there's a point where I'm gonna have to walk, where I'm gonna have to step back and say alright, you know, enough is enough. No reason to keep fighting an uphill battle and so that's really important. I would typically say with revenge trading that when you're revenge trading, you're seeing red like you're not at all in touch with that presence of mine, that there's a certain point where I have to walk away usually in the past when I've been in that mode, I would be maxing out my buying power on every trade I would just be throwing money at everything I would be getting more and more frustrated, more angry. and then it wouldn't be until my account was just devastated that I would step back and be like oh my god, what have I done And you know there's probably variations of revenge trading based on sort of how emotionally fueled you are and as far as my trading his is concerned.

In the last couple months I've had four or five other days where I was read and I kept trading because I wanted to finish the day green I wanted to maintain my hot streak and I knew I was doing that I knew that I was over trading I knew that I probably should just walk away because the market clearly wasn't hot but I didn't want to because I really wanted to maintain my hot streak and look at that drop there right back down to 88 and so I kept that in my mind that you know you're being a little more aggressive right now. You know you have the emotional influence right now of trying to maintain a green streak it. I think it's okay to keep trading, but be careful because you're walking. you know, kind of dangerous line there and I knew I was doing that today, but I also didn't have quite as much pressure today.

I did tie my longest previous green straight green streak on Friday I I Don't really feel like I have anything to prove there I I hit what I needed to hit. Being down seven thousand or ten thousand makes not much of a difference given the momentum that I've had from the last few weeks. So I gave it a good try to try to recover those initial losses. I came pretty close, momentum started slowing down I started needing to take bigger share size to make money on what we were seeing which was smaller move and then I had a couple with big size that did drop me back into the red or back into Max lost territory which is ten thousand for the day so you know it is.

It is what it is, you know I I don't I Think it's important to have these red day recaps for those who have been tuning in just for the last, you know, a few weeks you've seen some really big green days. but I do write recaps on every day green or red and sometimes the red days are a bigger learning opportunity than the green days. I would say that today Fran The biggest winner. You know what did this have going for it that some of the others didn't have it hit the high Damos scanner? it was ripping up.

It kind of surprised me because it had no news, which is why I didn't jump in it right away, but out of the first haul, it opened higher and kept going. So you know as it broke the half dollar or whatever that was I got long and was trying to ride that momentum into whatever. this was 57 so you know I mean this ended up being an okay trade at the open resumption at 7. I added right away pretty aggressively and it squeezed up another 48 cents so that was pretty textbook.

The first pull back down to the view app tried to take a bounce trade also pretty textbook to try to a bounce off the V whap and that failed. So that indicated that although we had a brief period of momentum, it wasn't holding neon sort of similar in that it wasn't on my son my watchlist pre market, but it ripped up, it pulled back, and then it ripped back up and so I just jumped in to kind of ride this momentum and as you can see, it made this nice move to 1060. but then it didn't really hold its level. So the cleanest moves were sort of in that first leg moving up, but it wasn't It didn't hold and I was never green today again.

just to reiterate, and this is sorted by winner to lose, biggest winner to biggest loser. It's not sorted by the order that I took the trades or whatever. So I went red today and I never got green although I did have as you can see some nice profit on a few of the winners. you know in between those wing trades I was having losers and so I never got myself into the driver's seat.

but neon was pretty good. be MRA again good on micro pull backs around the half-dollar and Kay this one I don't even know how many times it was on my scanners the float is a little higher on it. Expo floats 86 million shares and K floats twenty eight million shares you owe any. Well that was a small trade, but I was trying to catch a a quick a quick bounce out of this drop this morning and we actually did get a nice bounce here over a dollar a share but that was my first trade and then I took a second one.

I think it was like right here and stopped out of the second one so it's fine that was I knew I was being risky on that and trade that was smaller, smaller sized Evie Okay, a failed gap or IDE X more thickly traded, really high volume was not responding well. the breakouts was doing a little bit better on dips, but the floats 130 million shares which is why initially I wasn't interested IPO see a recent IPO not a much follow-through Sh Ll Kind of a strange catalyst so you know I think today we just didn't have a lot of really good setups and traders. Maybe we're a little cautious on buying the first. kind of I don't know the first pullback and then the first pull backs kept failing.

so after the first couple fail, usually traders are like alright I don't want to overstay my welcome. Seems like we're not seeing the action today and then they ease off so probably kind of stopped sooner. I Gave it a try to go from red to green and I'm gonna stay red down 10,000 and you know, so for tomorrow you know it's really hard to say I mean yesterday Friday was the biggest green day of my career? It was. it was really big and then today here is you know, a decent-sized red day.

You know, $10,000 red days. So I don't know what to expect for tomorrow. You know tomorrow we could have a couple of Gabor's on the scan that are up 400, you know? % and all of a sudden it's like okay, back to momentum Or it could be another day like today. where the leading gaffers are you know, kind of slightly higher float, not very pretty chart.

It's a little more crowded and where we don't actually get good follow-through so if that's the case, you know. Today I gave it a try. despite things not being perfect thinking Momentum's been hot, we'll probably still see some follow-through, but we did it. So tomorrow if things don't look good pre-market I'm gonna be a lot more cautious in light of the fact that today I was read.

but if we start to see things open up and I can build my cushion, you know who knows tomorrow could end up being a terrific day. So I don't want to, you know tomorrow will be what it is. I'll try to trade the market I'm in tomorrow Today the market was choppy. I had a couple opportunities I probably could have been green if I had managed a couple of the trades a little differently.

trying to take two trades at once on that SS HL and IDE X trade was not smart. The idea that's a gel or sh ll got much bigger then should've and the s int I approach should just left that one alone. Just like an IDE X Here you know if I jumped into this for the break over for that spot where I was thinking just a few minutes ago like this thing looks like it's gonna break for I was wrong. It looked really good for a break of four and I was wrong.

So I'm kind of not dialed in today and or we're just not seeing the same level of follow-through as as Friday and I don't think it's related to anything in the market I don't think it's related to anything other than you know it. just market sentiment. in the small caps. you know you have a couple of bleating appers that don't work out that well.

Traders get a little more conservative I Went read on them, tried to go green on other things and popped up and I couldn't do it. So anyways, that's it for me and we're gonna start summer school here at 12:30 So I'm gonna open the summer school class for Warrior pro students and we're gonna run class from 12:30 here until three o'clock and make some more progress in the in. Chapter 8 Alright, so that's it for me I'll be back at at first thing tomorrow morning. Hopefully we have a better gaps and a better watch list and maybe some stronger pre market action.

Having stocks already fading pre market is not what you want to sit down and see a 9:15 so we'll see what we can do. Alright, see you guys in the morning! Oh hey, I didn't see you there. Help us hit 750,000 subscribers by hitting that subscribe button and stay tuned and check out some of my other awesome uploads right here on. YouTube.