What's up Everyone All right? Well uh. today is a disaster. I'm finishing uh with the biggest loss of the year today. There's nothing fun about that.

I'm super frustrated. I'm upset with myself. I feel deflated. It's such a kick in the teeth.

It's terrible. It's everything you would imagine traders out there. You know how it feels. You know how terrible these losses are and they can happen so quick.

You know I was having a good day. and then just in one trade in one trade went from up six 000 to down 36 grand in one trade. So bad. So we're gonna break it down in the recap.

You know, as I always do, this will get added to the playlist of Worst Fomo. biggest loss, worst hits. You know it's just God. I got stubborn, I got stubborn and I didn't want to let it go.

I thought I had the right idea and and I didn't. You know it was. It was a fine idea, but I was wrong and I took way way too much risk. I did not manage the trade well.

Um, I am paying the price for it. So I do these recaps and put them out there in hopes that for some of you who are beginner traders that you can learn from some of the mistakes I've made. you will make mistakes on your own. You, you have to make mistakes I think in some ways to really learn some of these lessons.

but I hope this helps you gain some, um, awareness of some of the traps in the market because there's there's real traps and they can get you real bad. And I I got I got nailed today. I got just on the wrong side of a trade. I got into the emotional trap of thinking I was had the right idea while something just went the exact wrong direction and I you know it's It's just the way it goes.

So I'll break it down in the recap. Those you who are trainers who know how difficult these red days are always appreciate you guys hitting the thumbs up because these are these are difficult days to recap. You know, just like oh, it's just not fun. It's not fun and it's gonna take it's gonna take some time to kind of mentally recover from taking such a big loss I lost, you know, such a big chunk today that tomorrow how can I not be coming in still sort of with this hanging over me, you know.

So it's it. screws up. not just today, but tomorrow the next day. and you know, as hard as I might try to be like no, I'm fine, I'm good.

no I'm not. You know it's gonna take it's gonna take until next week at least for me to just sort of be able to brush this off. You know, two weeks from now. Three weeks from now.

Most likely it'll be totally water under the bridge and you might be like what was your worst day of the year and I'll be like I don't know. Um, I mean, I might. Maybe I'll remember this one longer. I don't know.

Um. but they seem if I think back right now to what was my worst day before today, I can't I don't even remember. So that just tells me that that day is water under the bridge and this day will be too. So what I do now is important.

I need to go through the process of reviewing the trade where I made mistakes, learn, learn from the mistake and then put it behind me, water under the bridge and move forward because being a trader means being resilient. You get kicked in the teeth every four to six weeks and then you got to get back up. You've got no choice if you want to keep trading. I'll say it again.

As always, trading is risky. You know, in one trade today I went from you know, a small green day, six thousand dollars to biggest loss of the year. just like that. Devastating.

So trading is risky. My results both red and green are not typical. Most beginner traders do lose money. We up track the typical result of traders in our community, so we can't make any guarantee that you're any more or less likely to succeed or lose money than the average trader out there.

So take it slow trade in a simulator before you put real money on the line and study. Up study, study study. I hope you enjoyed this recap. Please hit the thumbs up and I'll see you.

Hopefully it'll be a while before the next uh, Big Red Day recap, but I'm sure I'll be back for another one before too long. so that'll be next in the playlist after this one and I'll be back tomorrow for the morning show and hopeful for some some better opportunities ahead. All right, enjoy the recap. I'll see you first thing All right.

So I'm gonna go over my trades. today. Today was a bit of a disaster. I think I capitulated.

I think I probably sold this thing at the bottom. I I mean this thing's going to bounce to like 10 bucks and I'm the schmuck down. 40 000 on it. So uh, what happened? Well, I'm on.

I'm on my fourth tea bag today. If you can see here, I'm I'm not in the zone. I don't feel very well. I shouldn't have even been trading in the afternoon.

I was sitting here doing some other work and I saw Jcse sell off and you know this thing had squeezed from nine all the way up to nineteen dollars. So um, you know I mean I I traded it during that run up and made a little money on it. only about a thousand bucks. Then it starts to sell off here and I was like okay, I'm going to try to do a double bottom.

So when I started looking at it was halted down right here at uh, was it Eight? No it was halted down right here at Uh around I don't know what was it. Halt down was 8.99 and it was showing a resumption around nine and I was like okay that looks good So I jumped in it on resumption and it goes to 925. It pops up to 977 and I added I was like okay here we go, we're going to get a halt up. We're turning around so I added 5 000 shares and then it drops to 8.26 and it looked like it was going to false halt.

So I added another 5 000 shares at 826. it ends up doing a real haul, it resumes and pops to nine, Then it sells off down here to 745 and I was like ah so I'm going to add another 5 000 shares. I I I think it's going to bounce. I think it's going to bounce.

This thing just went from 16 down to 7 bucks. I think it's going to bounce. Now the problem is it did break through the low of 8.78 This was the double bottom I was trying to kind of time a bounce off of. but of course the problem was immediately.

I was caught and hauled down right so I I didn't have a lot of time. All of a sudden it was halting down and I was like oh shoot you know Okay, I'm going to add a little bit brings my average down I I It was thinning out. As it was about to halt, it was like stacked and then it started to thin out so I was like i think it's going to false halt but then it was a real haul. It opened a little higher but then sold off again and I held into a second halt down.

The second halt was at 7 18 and I was like this is not good On resumption I added again and then that's when it dropped to 6. right here it curled and I waited. It curled up to um, was it right here Where was it um let's see on the 10 second chart it started to curl right around here and I was like yeah it was right around here I was like okay, let's see but it's got to go and then uh you know right here I was like all right, like whatever, that's it. I got thrown the towel and I lost 41 000.

That right there is possibly my biggest loss of the year. Let's see, Uh, we'll check it. Yep, biggest loss of the year right there. So previous, uh, biggest loss of the year was 37 000.

So that's it. I just set a a new record. Congratulations you piece of uh, whatever, it's fine. I mean it's not the record I wanted to set today, but um, you know that's that's just the way it goes.

So if I hadn't cut it, I'd be down 55 000 right now into a halt down. you know, just gets bigger and bigger and bigger. You got to draw the line. I capitulated, capitulating is when you just throw in the towel, but if this had squeezed there back up to 7, 50, and 8, I would have been livid for having the right idea, but just clearly the wrong timing and having capitulated right before the bounce.

but it's halted again going down, it is just continuing to drop. Now we've had. I've had a few really good trades on these types of reversals, and actually, you know, and I suppose it's worth putting things in contact context. I was sitting at 124 000 on the month of April before today, so this this is going to cost me about a quarter of the month in one day.

I'll be at 90 000 on the month. Uh, 88 000 tomorrow. two days from the end of the month. You know, just feels like a real screw-up And it is.

And this is part of. um, you know. part of trading is you have periods where you you know do really well. You have periods where you're getting aggressive scaling up, taking some risk, and then you get a haircut.

And there's no trader who's ever going to trade without getting a haircut. And today it was my time for a haircut. But that's not to say that it wasn't avoidable because it was for a couple reasons. Number one, Uh, it's not even like I had Fomo.

I mean, I was up six thousand dollars on the day before I took this trade. so it's not like I even was like, oh, I need to have like some much better day like I was having a fine day. I just really thought this was a very straightforward setup based on the bounce from earlier that was so epic. I just thought we'll probably double bottom here.

Look, it just went from 16 down to 8. I thought it was a good entry and the problem was in, you know, 20 seconds. It went from being a halt up at 977 to halt it down and immediately I I got stubborn and so in that, um, that's where. I don't even know if I could have cut it there, but I could have cut it on resumption for a loss of two.

Three thousand dollars, right? And instead I turned it into a loss. You know, 20 times that size by getting stubborn by thinking I had the right idea. and sometimes you might have the right idea. But if you're too early, you know you're too early.

Whether you're going to try to short something that's strong or buy something that's weak, if you're too early and you don't have room to keep adding and you can't take an infinite position, you might get blown out. And today I got blown out. This is down 75 percent here from 16 to 5. I still would like to think that this will put in a bounce, but it's not bouncing so and I can't go back for it.

Now I'm below my max loss. I'm cut off for the day. I just can't do it. So I'm very disappointed in myself.

Completely disappointed because this day is not a good day and this loss was an unnecessary loss both in the size and just the loss. period. So it's very disappointing. Anytime you you have a trade that you feel like you didn't do a good job following and managing your risk, you're going to be disappointed.

That disappointment is what's going to, I hope motivate you to try to do better. I say that to myself. I can guarantee you tomorrow I'll be trading more cautiously and I'm gonna be a bit more timid. I certainly didn't max out on this by any means.

I've got a lot of money in my account. I didn't max my buying power. I didn't take a hundred thousand shares. I mean, I, I could have easily let this really turn into, uh, the work.

I could let you know you could let something like this turn into the worst day of your career. I could add 50 000 shares right here and maybe it bounces a dollar a share. Or maybe it drops another two points and you're down. 200 grand, 300 grand, 400 grand, 500 grand A million dollars.

You wouldn't think it could happen in a day, but it can. If you can't maintain your composure and you get caught on the wrong side of something and you get stubborn, the loss can get really, really big. So this is a big loss for me. This is the biggest loss of the year.

It's a really big loss and it's a good recap to have just to you know, put it out there of how this can happen, how quickly this can happen from in a span of I mean I just I'm so annoyed I had other things to be doing. I was in the middle of another project and then I take this quick little side trade and now it's derailed my entire afternoon. You know, losing that much in that short a window. I'm just totally derailed me and so I.

I, you know, I probably in hindsight should have just shut down all my charts and walked away completely. Uh, I did have a little afternoon. uh. trade on Acon? You know, on this one.

or I guess this was late morning but we did get. You know, I got a little trade on that, you know, Two thousand dollars. I was up four grand but gave back half of it. I had a trade on Tnon where I lost 1600.

So sitting at 6 700 on the day before taking this, um, just terrible loss. So what do you do now? You know you take a big loss. whatever it is. in this case, I gave back about a quarter of my month in one day.

Uh, almost a third. So you know, almost a third of my month in one day. Gone Could be a third of your year. And one day gone, it could be you gave back the whole month in one day.

Um, you know, whatever it is. Once, once it's done, it's done. What can you do? It's water under the bridge. You got to just let it go.

Yes, Analyze it. Spend some time looking at where you made the mistake and what could you do to avoid this. There's two things I could do pretty easily to avoid this. Um, you know I mean one would be not trading in the afternoon, because you know, I just.

I just generally find that I don't do as well in the afternoon. So not trading in the afternoon that would be that would be one thing I could do for sure. Um, I haven't looked. Well, we can.

I don't know. I don't really feel like pulling all my metrics right now. I don't really care. I was going to say I could look at my metrics on the month, but I don't really care.

Whatever. So wherever I'm at on the month, um, I in terms of accurate, maybe maybe I have made some money in the afternoon? I don't know. I don't really know if I've net if I'm not positive or negative from afternoon trading so far this month. But um, that would be one thing.

I mean another would be you know, being careful trying to catch a reversal. This was a reversal. It was a double bottom. Um, it wasn't exactly catching a falling knife because it wasn't still selling off when I bought it.

I did wait for it to resume and show green, but then it reversed again so quickly. so that, um, it didn't give me a lot of time. So yes, be careful catching falling knives. Yes, be careful trying to time reversals.

I mean reversal trading on the one hand is more difficult. Um, on the other hand, I, I've I used to prefer reversal trading in a way because I mean, it's so obvious. When you finally get that green candle like this is so obvious right there, you've got a doji at the bottom. Then it goes green.

It goes from 10 all the way to 20 bucks, right? So when you finally get a green candle on this, you would like to think that you could have a pretty epic bounce. This thing's down 73 on the day. it's down 50 from where I try to do the bottom bounce. but or the double bottom.

but at the same time it's still selling off. You know this is where it's a problem because the more it sells off, the more you start to think it's a good reversal. It's only more extended. Uh, but I mean well.

we we had we had this epic bounce right here. You know if you look at this one from 878 all the way up to 20.. And what was that other Chinese stock that we had? Um, it was. uh I can't remember now.

Um H H something? Um Hudi Hudi was another one. Um and I don't remember when this was. This was a little, might have been a little while ago, you know. but this one.

um right here on this day. was it this day here? You know I mean this thing similar right from nine all the way back up to 26.. So we have had a couple. I I was just on this one, I was just early and I took too much size and then instead of cutting my loss like a disciplined trader should, I gave you know I I added to the position.

I averaged down and this is one of the things with averaging down that you know you might have. You know, a handful of trades where it ends up working. You average down. You know you weren't right on your timing, but you average down and ends up bouncing because you generally have the right idea and it ends up working out and averaging down gave you a better average And it worked.

And it works and works and works until it doesn't. And this is a good example of how it works and works and works until it doesn't. And today I just you know, really blew it and I'm bent out of shape and and you know, disappointed myself for losing 36 000 in one day. It may be my it may even be my worst day of the year.

I don't know. Um, I don't really remember which is good. I mean I don't remember because I don't I don't spend a whole lot of time thinking about it. You know, beyond, you know, once I catch the loss and it's it's it is what it is, right? So there was 38 000 in the red there in January.

So yeah, you know, so it's not my worst day. I've had some other bad days uh, I haven't imported anything for April yet. so uh, you know, and also cumulatively for what's worth, this is only my third red day of the month, so you know you add up all these red days. Um, you know I'm probably going to have more red red day losses in March than I did in April, but in April you know I have it in three days, so it kind of a little stacked up, but um, you know, most likely by next week I won't even be thinking about it.

So one of the things I don't do in my account, I don't I don't have my um like right here. I don't show my my equity, I don't show how much money I have in the account because if I do that I'm gonna see that's how much I'm gonna know. When I logged in today, I had x amount of money right and then tomorrow when I log in, I'm going to be very aware of the fact that I have quite a bit less so I don't look at how much money is in the account. This today was the first day I looked at where I sat on the month, which I really did only to try to, um, make myself feel a little bit better.

Um, which is I. I think that that's an okay technique because sometimes um, you know you, you step back and you look at the big picture. You know, whatever it is. Okay, um, you know you look at the big picture and it helps.

It helps create context because one of the reasons that people can get really miserable and bent out of shape is because they lack context, right? They're not keep, they're they don't have perspective. You know it's like, um, you know, like I don't know, Um, be yelling at, uh, a waitress for bringing me Pepsi instead of coke or something like. It's like, you know people have it a lot worse in this world. Like you know, you know, let's get real.

Life is good. If your biggest problem is Coke, Pepsi, life is good. You know your biggest problem is off of 4.6 million dollars you gave back 36 000 one day where you got a little stubborn and whatever. Give it a rest, you're fine.

So it's important to be able to put it in perspective. It's easier said when you're in the situation that I'm in where I have this perspective because of course my results are not typical. Uh, so if I was not sitting in the perspective of being able to look back on a green month or something like that, if I was in the situation where I was, you know, deeply red. So you've got a little doji there.

The high was 59. I would think that you could bounce in this area, but I'm not going to take it. So if you're not in the perspective, if you're not in a situation where you can look back and and say well, I've done all this, I'm A, I'm a good trader you know. So okay, I took a good size loss, but that's whatever this life I can recover.

If you're in a situation where you're like this was just another of a long line of losses, then I think the thing there, That's when you're getting into, um, the place of needing to and this is finally bottoming and looking a little green. but you already see a seller at 450. So who's selling there at 450, right? Your halt up is 61, but you've got a seller there 450. I hope it bounces for those of you who are taking the trade, but uh, I don't even want to look at it.

And in any case, if I was still holding now from what was my average 864 860 with 16 000 shares, I'd be down four dollars a share. I'd be down 60 000 bucks. Still, So whatever. But um, yeah, if you're in the position where you've had a lot of losses and this is just another in a long line of losses, then I think that's where you have to be looking at your metrics really closely and figuring out why does this keep happening? What am I doing wrong? Is there a pattern in my losses? Is there a pattern in my successes? You know I, I'm a big advocate of leaning into your successes.

What are you doing right? What are you doing Well And you know, double down on that. Be more aggressive on that, find that thing you're doing well and be aggressive on it. So maybe it's trading between nine and 10 A.m Or maybe it's trading between eight and Nine A.m Maybe it's a time of day, Maybe it's a price of stock, but that's what you've got to be really aggressive on. And I, I know statistically, I haven't done as well trading later in the day.

Why? Well, you know, if I've been up since 6 A.m I'm I'm I'm I'm better in the morning. I'm a morning person, so in the morning that's when I'm sharp. That's when I do the best. and this time of day I'm a little tired.

I already was a little tired coming in today. I've been drinking a lot of tea, which means I've had my caffeine. I'm not really supposed to trade when I have caffeine because I can get more aggressive. I try not to do it, but I've been doing it a little bit the last week because I've just seen afternoon opportunities.

But you know in that I don't think that I've probably made a lot on them because I had that, um, 12 000 loss during power hour last week as well. So you know. I think the thing for me is to be a little bit more disciplined. I've gotten a little sloppy, a little sloppy with trading in the afternoon, a little sloppy with trading after having caffeine, which I know makes me a little too aggressive.

Again, In this market, this is not the time to be aggressive. So I've been getting sloppy and this is the market saying hey, wake up, slow down And so I've got to take that cue real quick because otherwise tomorrow I can come in and lose another 36 000 and then my month is really a disaster. I went from having a best month of the year to you know, having a month it's a real setback. So it's 3 30.

Um, you're finally getting a bounce here. I could easily see it bouncing up to 556 maybe higher. but you know I. I capitulated, I blew out and I got i gotta shut it down So I'm gonna shut it down.

Save here. I'm gonna shut down my trading close here and I'm walking away with my tail between my legs. Today I didn't do well. if I trade like this every day I'd I'd be broke.

So days like this have to be a wake-up call to tighten up risk. To be smarter because this is not okay. Later tonight. So yeah.

anyways, that's it for me. Um, you know this will go in the archive of, um, worst, uh, worst losses. You know, biggest kind of uh fomo setbacks. Got stubborn today and cost me 40 grand.

45? Well, I was up 6 000 cost me 40, 40, Whatever. 42 thousand dollars. So that's the price for getting sloppy. That's the price right there.

That's a big price. Those that haven't checked out the worst loss of my career, I'll put the link to that video up in the top corner. That was a day. I lost 275 000 in one day.

And you know what? today feels just as bad. It always feels bad to lose. It doesn't matter whether you're losing 200, 155. Losing sucks doesn't feel good.

but getting kicked in the face is part of being a trader and you're either going to get resilient or you're going to walk away and you'll find out eventually which one you're going to be. I keep coming back and you know, every six weeks, every couple months I'll get kicked in the teeth again. and then I'll keep coming back. And in between those those, uh, those kicks.

I seem to make some progress so I keep trying to make a little money. Uh, between setbacks. And that's really the only difference between where I'm at now and where I was at. Years and years ago.

Years and years ago. I would you know, make a little money. I I might make you know, five thousand dollars in a month and then one day I'd give it all back. Devastated.

Then I would do it again, make another five thousand dollars in a month, and then give it all back another 5000 and give it all back So I'll show you. let's see, let's see if this camera comes on. So um, you know it was for me. You know, whatever.

Four or five you know, green days or weeks. And then this was. You know, me learning how to trade. And this was when I was starting to get it.

I was starting to get it because these were not just lucky days. You know, these were weeks of consistency. Weeks of consistency. Weeks inc of consistency.

And then this is today. A day like today. right? You give back. I mean today.

Let's see what was I up. I think I was up 11 000 Yesterday I was up, um, 8 000 or so on Monday. So I just gave back the whole week of profit. um, for sure, and a little bit of last week's But it's better than stairs stepping down.

So if you're going sideways, right? this is a big deal. And the only difference between going sideways there and what I'm doing now is that now let's see, I make just a little bit more in between these stupid losses. They still happen. You know, I mean, that's what it's like now.

I still have these days. Whether it's once every you know this is the worst one since January. So uh, you know this last one was in January, made some good progress and then another one here. I'll make some good progress out of this, No doubt.

You know a couple really good days. I might have a day where I make fifty or seventy five thousand dollars. You know we'll make it back. and then sure enough, you know, come June or July I'll have another day like this where I kind of forget what happened here.

I got a little complacent and you know, like an idiot, lose forty thousand dollars trying to time a bottom bounce, or you know, doing a haul resumption on something that's already halted up like three times in a row. and then I remember. Wow. Okay, I gotta tighten things up.

I gotta slow down a little bit and I will. you know, And I'll do well for a little while and then it'll happen again. And that's just the way it's always been for me. So the only difference now is that I just my those big red days are a little bit more spaced out than they used to be and I make a little bit more on sort of the um, you know, the move up before the next loss and that's it.

You know it's so if you're in a place where you're taking three steps forward and then one step back. Three steps forward. One step back. I I think that that is actually progress.

I think it's a lot of progress. You know if you're in that kind of phase you're doing something right in those stretches where you're making money. But it's these days you know where all of a sudden you make a mistake and you kick yourself forward and the trick is now tomorrow. not carrying today's loss into the morning.

right tomorrow morning. That's when I need to really be careful not to have you know a second red day. I'm not going to be able to make back 36 000 tomorrow. Not likely not in this market.

So and when I had that 275 000 loss, I knew I wasn't going to make that back in the next day. So the loss was so big I was like I have no choice but to start rebuilding one small step at a time. So if I could have a small green day tomorrow and small green day Friday, that would be fine. If I have a small red day tomorrow or Friday, that would be okay too.

I prefer green of course, but I don't want to have another big red day. so tomorrow I have to be a little more defensive. I have to be a little bit more careful if I don't see something good. It may be better to have a no trade day than to risk a second red day in a row.

So anyways, that's it. Again, I'll put the link uh, top corner for my 275 thousand dollar loss for those that want to check it out. As always, my results are not typical. I even even in this loss, it's in the context of being a successful trader and so my result's not typical.

We don't track the floors, all the traders using our software or who are in our community, so we can't make any guarantee that you're going to be more or less likely to be a profitable trader than the average traders out there. Trading is risky, and today, you know in a heartbeat, I ruined my day. I mean, I'm going to be disappointed for the rest of the day. There's no way around it.

I screwed up. I feel like an idiot so I'm gonna beat myself up a little bit. That's the punishment. Uh, you know for having some bad trades.

That's that's on me. That's my own fault. And tomorrow I'll come in. and tomorrow's a new day so I'll be back at it tomorrow.

Check out that video on the 275 000 loss. I'll see you guys tomorrow.