What's up everyone? Alright, so here we are: finishing the fourth trading day of the month of March and I'm in the red down nine hundred forty five bucks. But you know what? today is actually like a little bit of a breakthrough because I did something that I almost never do if I look at my calendar here. if you look at my losing days, well, we don't have the month of February because that's gone I don't even remember what happened, but you know we look at the losing days from. let's say the month of January down $4,600 that was a losing day down $4,000 on another one.

You know these are pretty big losses and usually what ended up happening is I said I'm at my I'm below my max loss I can't keep trading so I stopped trading for one of two reasons: either I hit my daily max loss or I had three losing trades in a row if I have three losing trades in a row, that for me is my rule that I'm done trading I'm not going to take a fourth trade today I didn't have three losing trades in a row and I also didn't hit my max loss I just calmly said you know what? I'm not feeling it and I'd rather just not keep trading today I'm down 945 bucks. that's not that bad I'd rather just keep the losses small and I kind of said to myself: I had this goal for the month of March that I would close every day green and so as I was down $250 I was sort of looking okay. what can I do to get that trade to get me just up over the break-even spot even if it's only two hundred and fifty one dollars and then I said you know Alright now I took another tray that I lost. Does it really matter? Because that's kind of focusing on the Sprint and we're thinking about the marathon I'm in this for the long haul.

I'm at four hundred and forty thousand dollars in my account that I started with five hundred eighty Three dollars. My goal is to break over a million dollars. I've got six hundred thousand or five hundred fifty thousand to go. Who cares about today? Today we're not seeing a lot of momentum down nine hundred forty bucks.

I'm throwing in the towel I'll be back at it tomorrow and that's kind of for me. almost like just transcending. Its it's getting above the the ups and downs of each individual day and trying to sort of separate myself from the emotions. It's very easy to get this tunnel vision where you're just looking at the P&L and you're seeing that it's red and you're thinking about how you needed to make this amount today and Bobba Bobba.

But step back. let that go. look at the big picture you know last year I finished with three hundred eighty thousand dollars. Profit: Fifteen hundred dollars a day was pretty much my average.

Some days were great. I had a day where I made $40,000 other days were a little slower I either was breakeven or lost money. That's all. okay, everything in between is just the noise.

So right now we're in a market that is a little tricky. It's kind of like, you know, just a grind. That's okay. the momentum will come back and and when it comes back I'll be there to step it up with big size.

But for right now I'm just gonna go with you know, slowing things down trading with smaller size and not being too aggressive because I just want to kind of, you know, take it slow and have a good month of March Alright so anyways, that's kind of where I'm at here for today. fourth day of the month and we're gonna break down all the trades in today's midday. Marguerita Alright everyone, so we're gonna break down the trades from this morning with our midday market recap here. Today's the first red day for me for the month of March down 945 bucks and although being red is obviously a little disappointing, the good news is that I'm keeping the losses pretty small.

you can see here. Let me drag this up my PNL green on two names, red on two names. sort of just you know, mixed mixed. Follow through today and I didn't have any big winner to really offset those two pretty moderate losses.

a $535 loss and a $680 loss. Not a big deal, it was just today. I didn't happen to get a good winner like a six seven $800 winner. That would make up for it.

So first red day here for the month of March but it really it only gives back yesterday's profit and a teeny bit of Friday's profit. So still well, green on the month which is good. And I think one of the goals for me this month is number one not to have a loss bigger than not to close any day down more than $1,000 If I can help it, that would be really nice. Number one and number two to move in the direction of trading with smaller size so I can just kind of not get as frustrated then right now we're in a market where frustration can easily take over because you know it's frustrating to come in every single day in trade and not see good follow-through If you look at my calendar for the month of January I was making like $8,000 $5000 $12,000 $13,000 $18,000 Like back to back to back.

It was crazy. So right now having days where I only make $700 or where I lose 900, it just it can become draining when you're used to these really big green days. So you know that's something definitely to be mindful of. And it looks like yeah, I'm not sure if my livestream on Facebook is really working.

It seems like it's maybe lagging a teeny bit, but in any case, so one of the things that for me, you know it's like I I can get very aggressive with my share size and even today I took a twelve thousand share position on CH FS And of course, losing only $500 with twelve thousand shares is really not bad at all. I got in this at 380 with 12 thousand shares, it popped up to four dollars, was up twenty five hundred bucks expecting the break over four and to start scaling out 410 415 and you know it didn't happen. Stopped out with five hundred dollar loss. so you know overall I mean that's not bad risk five hundred to make twenty five hundred.

it's good risk reward ratio. but if I keep swinging for the fences. With that type of big size, it's inevitable that I will have a day that I'm on the wrong side and I take you know, a three four thousand dollar loss and I really can't afford that right now and that just I mean financially but but even more so emotionally in terms of confidence, it's the last thing that I really need after closing. February read I just need to kind of build that confidence back up and almost trade was sighs that's so small that I don't even really care.

You know, trading with twenty five hundred shares or three thousand shares because yeah, if I lose twenty cents on it, it's like no big deal. And if I make twenty cents, that's great. but it's also no big deal and just kind of keep doing that until we start to see better opportunities and then I can amp up the shin the share size I NNT I Thought this would be kind of the big momentum stock that would bring small caps back to life when it goes from five dollars to 20 bucks te NX you know another one that made this a really big move, but it doesn't seem like that's really happened. today.

the small cap market was pretty much dead aMDA popped up to 337 and tanked at the open CH FS popped up to $4 and came back to 350 C lbs which I didn't trade, sold off right at the open and has just been week even the larger cap stocks. Why? Why look at this gap er, gap and you know and drop I mean it just it dropped like fifteen points which is crazy. So right now we're in what is a little bit of a more difficult market. If you look back at my piano from 2017, you'll see that.

January February March were three amazing months for me and then things slowed down in April May June July August and September and I was only making about five six thousand dollars a month which for me was very low. Now for a lot of you guys, five six thousand dollars a month you might be really happy with that, But having had months where I made sixty seventy thousand or even a hundred thousand dollars, five or six thousand almost feels like nothing. It feels like one day I might as well take the whole month off. That's how it feels.

So that's where you kind of. You're kind of in the grind and you know you're in the trenches and it's just day a day. How trying to capture a little profit? You know, 300 bucks, 400 bucks, 500 bucks. And then once you feel like you've gotten a little progress, Boom.

That's when you get hit with a $2,000 loss and you just gave back. You know, a week of profit. And that's kind of where we've been right now. And it's It's no doubt a little frustrating.

It can drain, be draining. So I would say that if you can learn to trade during this type of environment and consistently make 200 a day, then you know you're gonna be. You're gonna be in great shape for when the market does start to open up. So you know right now I'm up probably $2,500 on the month and we're four days in.

So I'm averaging. You know, six, six hundred, seven hundred dollars a day and I know for a lot of people, six seven hundred dollars a day would be incredible, right? You just get used to these big big green days and you kind of can stop appreciating the the small days. but you got to be able to adjust your expectations to different market conditions. You're simply not going to be able to make $5,000 a day every single day for an entire year.

I Mean that would be a million dollar a year and very, very few day traders can put together million dollar years. So just it's not very common. But putting together a $150,000 a year? a $250,000 a year a $350,000 year I Really believe that as well. Within reach for 80% of you you know in the chat room and who are going through our classes.

I Think that is a realistic goal to strive for. You know, start with 200 a day, then 300 a day 400 day. By the time you're doing 500 600 dollars a day, you know you're crossing six figures. So yeah, you'll have even for me.

Last year I averaged fifteen hundred dollars a day which totaled to like $380,000 which was a great year. so you know it. It obviously comes in waves. There were month last year where I made a lot of money and months that were a little slow.

It'll be the same in 2018. It'll be the same in 2019. It'll be the same in 2020. That's just the way trading.

Yes, so you have to be able to come in expecting that. And again, if you can be a profitable trader during these types of markets where it's a grind, then you've really, that's when you know you've really got it. and you know. So anyways, trades firm today AMD a gap and go trade this one I jumped in at at 315 for a break of the pre market pivot.

Okay so the pivot was the high of this candle. so actually I got filled on this at 323, 18 and 327. so kind of you know and in the same second. so that's how fast these can move.

Sold a second later 335, 339, 334 and then I stopped out. The rest of it a dollar set are at 298. As it dropped back down, it didn't hold that level and I couldn't afford to keep holding. So I ended up only being 177 dollars profit.

It was about a $400 winner and then I had to stop out. so I was AMD a next one was C HFS and a 75 77 80 to a 385. sold half at ninety one was ready to sell the rest above. you know Ninety Seven that well.

this was as it started to drop I tried to put out orders and then had to stop out at 85 7267 and 52 so ended up being a 535 dollar loss. but again with 12,000 shares, you know that's not that bad. Added some liquidity I guess the 6,500 shares so that will reduce my Commission's a little bit on that trade but kind of a bummer that didn't work out well. the chart on that when it hit the scanners wasn't off our watchlist, it was off the scans.

So boom hit the scans and I saw that and thought CH FS this is one of the ones I've traded well in the past. We've got a couple days back here right here. The day I went up to $20 the next day and I think this is a stock that I made like thirty thousand dollars on so was excited to see it on the scans jumped in pretty quickly, but you know it just didn't hold up. came back down flagged sideways but I didn't get back in it.

so I just said whatever that's that's it on that one. Next one was I and NT and so at this point I was down about three hundred and sixty bucks on the day. and then I NNT squeezed up and got halted on a circuit breaker. So it squeezed up ten percent in a one-minute candle basically or right right in.

This candle got halted. it resumed higher I jumped in it at 6:58 sold a hundred shares at 1702, sold the rest of sixteen seventy As it came back down, average was only twenty cents with five hundred shares. Not a big winner, but ninety three dollars profit. And so with those three trades, I was down two hundred twenty-six dollars on the day or right around there two hundred sixty dollars.

and I was looking for that next trade to try to get me back to break-even wasn't seeing anything in small caps WBAI A little outside my price range, but what I liked was the fact that it had just made this big move from twenty dollars all the way up to twenty three dollars and so I thought Okay, well you know what, it's strong I'll buy the one-minute micro pullback which I did I got in right here at twenty two, seventy one, a thousand shares we popped up to a high of 22 Ninety One I put out in order to sell at eighty Nine, did not get filled, tried to sell it, eighty Six did not get filled, and then I had to sell on the drop which was right here. Boom all the way down to 2150. So that's the hard thing with these stocks is that when you have the this price range, you can lose all of a sudden six hundred eighty bucks. and I mean I lost sixty-eight cents per share and then did I have a potential to make a dollar in twenty eight cents per share? Geez, I just don't know I don't really think so so the risk reward on that one wasn't very good and I probably could have done without that trade and just close the day down.

you know, 250 bucks. but yeah you know I took the trade so gonna pay the penalty on that one and it is what it is. So down 945 on the day just grinding right now you know I paid myself a hundred thousand dollars of profit for the month of January paid myself nothing for the month of February I didn't have anything to pay myself. lost 10 grand and now in March here I'm just trying to build the account and hope that I can get a paycheck here.

You know either at the end of this month, take out a little profit or maybe it won't be until April but that's okay. the hundred grand will tide me over for quite a while. I mean I really don't even spend that much money so most of us just sitting and that's that's ok. so you know that's kind of where we're at right now.

Finishing the day in the red but not too frustrated I didn't have two losses in a row or three losses in a row I just AM voluntarily saying I'm done today and that's a nice. that's nice I'm not leaving because I hit my max loss I'm not leaving because I hit my max. Consecutive losers a three in a row I'm just saying. You know what? I'm not feeling the momentum today and I'd rather save my capital for tomorrow.

So I'll be back out of first thing tomorrow morning 9:00 9:15 pre market analysis, live in the chat room and on YouTube we'll start trading when the bell rings at 9:30 and hopefully tomorrow I can get myself back into the green, make up today's losses, and start to work towards that four or five thousand dollar weekly goal. So that's where we're at and I will see all of you back here first thing tomorrow morning. Alright, see you guys in the morning. if you're still watching, you must have really enjoyed that video.

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