All right. So I'm going to do a recap for today. This is, uh, my fourth red day in a row and it's the biggest red day of the last four days. I'm on a little bit of a losing streak here I'm not happy about it.

Uh, but this is part of trading so this is my P L over the last 30 days. I only had one day, one red day on the uh on the whole year before this week and then I was read on. Monday Tuesday Wednesday 35 3600 each day and today I'm down 7 400. So this is the biggest red day that I've had um in quite a long time.

Um I guess it doesn't really matter, but it's It's been quite a while so I'm definitely disappointed about that. Um, you know I'm kind of asking myself, you know what did I um what did I not pick up on sooner? that allowed me to go this red. Um, there's a couple different things. so like on Monday um I was actually having a choppy day I went red on my first trade I kind of recouped those losses.

we could look here. so I went I guess green, then went red, then green, then red and then back to green and then one trade on licn I kind of got smoked. big loss on Licn and it happened quick. So that was my first.

um that that was a surprise I didn't expect to go that deep red on that stock. it just, um, the bottom sort of fell out and you know it got me good. Then if I go back to Tuesday basically started deep red on licn and was only able to recoup a little bit I The problem on Tuesday I went back for the same stock that had gotten me on Monday so licn it got me on Monday and I went back into it on Tuesday The reason I went back into it was because on Tuesday morning we got this nice squeeze I mean this was really nice and what ended up happening was I I jumped in. um, my first trade at six and then it goes up to 684.

I didn't make that much on it I got back in and it goes up I added to the position it goes up to a high of seven and I was in way too high. it reverses and then I was holding big size and I caught a good size loss. So that was Tuesday And and the problem Tuesday was that although sometimes I'll go right early in the day, there wasn't anything that I was really able to recover on because the Gap scanner was was so bad and then yesterday. uh and what's interesting is on Monday and Tuesday the stocks that I did make money on were actually penny stocks.

So yesterday on Tuesday I was like okay, we've got a penny stock squeezing and I ended up losing like 3 000 on it. Tried to recoup a little bit but I just couldn't right? So um what was what stock was that yesterday? um a side do so sideu was squeezing up um Penny Stock and I thought well I did make the most on penny stocks on Monday and Tuesday So I'll give this a try but this ended up rejecting and coming back down. so that was um so that was Wednesday All right. So then this morning I sat down I was like I don't like any of these gappers I'm gonna wait for something to start to move and I wasn't expecting am to squeeze at the open you know, but obviously it did.

You got a really nice squeeze at the open. um a nice move and you know right now it's coming up a little bit. but high volume selling unless it gets back over 350. there's no reason to be a buyer on this.

this is just too weak. so on this one I jump in with my first position at 3 20. and I tried to buy 20 000 shares I was like okay, this thing is ripping here we go. I've got something to work with Boom I'm in I only filled 8 000 shares so it goes up 30 cents for my entry.

I would have been up six thousand dollars instead I'm up only about a thousand so I was frustrated on resumption. um I said I gotta be careful because AMV yesterday on resumption reversed what I want to see? Is it breaking through the highs and so what? I was looking for it opened it goes red I was like nope not buying that and then when it curls up here and it breaks to new High over 65 I was like I'm in I bought 15 000 shares at 70. it then drops right back to 50 and I was like oh God it breaks and goes to 36 and I was like I'll add another 5 000 shares. Let's see first one minute candle to make a new high that'll pop us right back up to 380 up to four.

It ends up going lower down to 331 and I finally stopped out. It goes to a low of 325 and I finally stopped out at 323. I was like no, it's going the wrong direction So 22 000 shares from like a 365 average? you know 40 Cent Loss: approximately 8 500 loss my biggest loss of the year and um, that put me from up a thousand to down 7 400. Red day recap: Max Loss: I'm below my Max loss Max loss is 5 000 so I can't take any more trades today.

Uh, which is important because although it's never fun to have consecutive red days and while I could say maybe there's a chance that Amam will curl back up and I could make back my loss, having red days that are, you know, this size for me is tolerable. It's about as red as I'm willing to get if we went back. um, like a year ago. Uh, let's see.

you'll see, um, some red days that are much bigger. Thirty nine thousand dollars, Thirty eight thousand, right? These are Big Red days. And one of the things I learned from those big red days is that you know what? It's a lot better just to cut it when you're down 10 or down to 17 or 8. Just cut it sooner.

So comparatively, my red days this year are a lot smaller and my P L is a lot better too because my P L last year was like I went red on the year and came back up and went back to green. I Still finished the year with a million dollars in gross profit. But one of my goals for this year? Uh yeah. sure we could look at 21 too.

but um, 21. So one of my goals? Uh, so that was a 268 000 red day. But then there's a 478 000 Green Day that was 94 000 in the red. So all of that actually serves to make being red 7 500 today feel very okay.

That is okay. that's not bad. it's a red day I'm not happy about that. I'm not happy to have four-way days in a row.

My consistency has been solid and you know in P L terms, I had to pull back a nice wave back up I'm on a pullback here. What? I like to recoup half of today's loss and be down only 3 500 I would love to, but that's not gonna happen today. I'm below my Max loss and that means the right move for me right now today is to walk away I don't want to overstay my welcome I don't want to push it I want to cut the losses early, walk away. maybe too soon today, but before it gets worse and you know this is this is something that I kind of said is my intention around.

Uh June of last year June of last year I had, um, a red streak as well. let's look at that. Um, let's see Six One 2022 6, 30, 20, 22. So they um yeah, I mean it was.

it was actually not that bad. but I was really really upset at right there and I think the reason I was so upset there was because in one day I gave back everything I had made basically on the month in two days I went from you know, green on the month back to flat and that's not a fun feeling. Nobody likes to have that happen and that's that's what happened. Um, you know on that month and so I kind of said.

You know what? I need to tighten up my losses that I need to get them smaller and I was able to do a pretty good job with that. Um, let's see. I should have probably just assumed that Am Am would reject because of what happened yesterday on AMV but the fact that it was as strong as it was made me think it was gonna. it was going to keep going so that that was that was a mistake as it turns out.

so yeah, last year January February we're a little rough March smoothed out a little April May June July So once I had this kind of breakdown in June and I was like livid. um I really turned it around well. had a great month of July great month of August September was good and then October October got me back to like feeling really really frustrated. So I had sort of three or four points.

um where I sort of hit my Max emotional just limit last year and one was in March one was in June one was here in October right? So I had a slow month, wasn't anything special and then five red days in two weeks. All right, that's not fun. Uh November had a lot of no trade days, just was like I'm not liking this action December uh had some no trade days but also really was pretty dialed in and then uh 2023. January was great.

Really good month of January and February was great until Monday So yeah you know I mean this is um I mean this is part of trading. it's just the way it goes. Um, there's not much else to say other than that this is this is trading and there's ups and downs. And one of the things that I look at that always does give me confidence is being able to look back and say um, I'm someone who's made over 10 million dollars in the market so you know there's 12 million in gross profit.

That wasn't easy I had some really really big emotional swings during that um, you know, journey to make 12 million dollars trading I had some huge UPS I had some huge Downs and today it's not the biggest red day I've ever had. This drawdown in these four days is not the biggest drawdown I've ever had. It's not fun. I'm down five, five five and seven.

so I'm down 22 000 this week. Uh, you know, not happy about that. But with five thousand dollars is my daily goal. My daily.

My weekly goal is also to about twenty thousand twenty five thousand. So a hundred thousand dollars a month. You know that's kind of what I said is my goal and uh, that keeps me on track for you know, a million dollars a year give or take and I did it last year. I've done it for the last three years consecutively 2019 was slower.

but in any case, um, right now be having this historical data is a big confidence booster. One of the things that a lot of beginner Traders struggle with is that they don't have this historical data because they start trading with real money right away so you don't have anything to look back at That gives you kind of a reference point of what you've been able to do before. how you can trade and I do think that that's a problem for sure. So um, you know my uh, two cents is to trade in a simulator, gain a lot of experience, and then all of that data that you have that helps support you as you go through drawdowns because you look back and you're like, okay, I'm still a Trader who made this much money? Who did this, this and this I know what I'm doing I just need to.

um, you know I just need to stick with that. So um, anyways, um, you know that's it. That's it for me. Um, red day recap Fourth red day in a row fourth Max lost day in a row I mean I guess not exactly Max loss all four days.

but um, but whatever I mean I'm rounding up I'm being a little hard on myself. these were these were today was the worst. Um, and it's it's. definitely a bummer.

Very disappointed and you know, but that's what I signed up for. that's trading if you can't handle that disappointment. if you can't get yourself back on the horse after getting knocked down, then this isn't going to be the career for you and their times where sometimes I think it's not the career for me because I don't feel good I'm not happy about this uh and then I remind myself that I've made 12 million dollars and I say I guess I do know what I'm doing more or less so that's it for me. As always, trading is risky.

My results aren't typical red days are, uh, certainly more common, but my results in uh in totality are not typical. So of course manage your wrist training simulator before you put real money on the line and I'll see you guys back at it tomorrow and we'll see. I Don't have really any expectations for tomorrow. It'll probably be a no trade day for me I thought am am coming up was um gonna turn shift the tides a little bit and that was incorrect so probably take the day off tomorrow actually and then come back on Tuesday because we have a long weekend on Monday All right, that's it for me.

I'll see you guys I'll see you guys around the corner. See you guys soon All right bye everyone.