This is how I lost $30k trading in the stock market today!
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The Federal Reserve conducts the nationโs monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy; promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad; promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole; fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations.
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So this video is not clickbait. I actually lost 30k today and I'm here to break down one of my uh red days. So um I haven't had a red day like this um in a while and I I needed a a an adjustment to to say the least and today I think is is more of like a reflection of that. so let me go ahead and just share my screen.
uh I'm going to break it down for you on what I did wrong and um what I'm going to be working on next week to do better. So let me go and start sharing my screen. As you can see overall on the day I'm down 29,6 18 This is following my green day yesterday where I made $15,500 on the overall Market um on Sqqq I took a pretty solid loss 35.1k and then on Tqqq I walked away with $4,700 on the day. So um how do I say this I just refused to like.
There was a point today where I was up 3 to 4K I want to say on Sqqq I was was reluctant to lock in profits um Market was very overbought I wanted to choose to take the risk I ended up cutting losses on it and every time that I cut losses on him I think I was down like seven or 8K it would Tred to Rally back up I would get faked out and it would sell off once again right? I then took a break I then again paid attention to the overall Market Direction I took a trade on Tqqq Direction was favorable a lot of consolidation I locked in profit, walked away with 4700 great but y to pull on back again I got faked out right I it's not that I even got faked out um Direction was very simple. We never broke above the the EMA on the 5 minute. not once right every single time we got rejected. um I was very opinionated today to say the least right there.
There's no reason to sugarcoat it, it is what it is. Uh, I was very opinionated about what I wanted the market to do and this is a A I would say a scenario that I've been in before and I was reluctant to accept that the market was not going to pull back today and I've seen days like this right? I I've been on the side with with the bulls where the market goes up I just keep my money open, my position open and I make money as the market goes up like today. Could have been such a beautiful and such a simple day but I ruined it because my opinions my my inability to accept that the market was simply bullish. Today it was Friday It's wanted to end the week strong, especially after not just this week's performance, but last week's performance and I continued and continued to fight it right.
It was a very simple mistake that I made, but very simple mistakes when you trade with a lot of money. cost a lot of money, right? and I wanted to use myself as an example. Uh, where I haven't had a red day like this quite some time, right? You guys have seen me recap my green days: 15 20, 30, 35 40K Great Uh, but a red day in the you know it's pretty much 30k. Um, a red day in the 30k? Um, it is a tough pill to swallow, but it's It's a lesson learned and it's an adjustment that I know that I I needed to like I needed to be slapped in the face and I need needed to be reminded that at the end of it you either dance with the market or you step on its toes. And if you choose to step on its toes, the market doesn't care who you are, how much money you make, how much money you have, it will destroy you, right? And today was such a simple day where I could have made so much Mone I could have made more than 30k if all I did was I worked with the market right but I refused to do so. direction is key Market was bullish regardless if I disagree with the reason. Again, a big part of this and I would say a lot of different news articles agree, right? Um, Friday's gains Uh came despite fresh E economic data that showed that American consumers feel worse about the state of the US economy with expectations for longrun inflation ticking up to levels not seen since 2011. I mean a lot of this economic data that was released and this is something that I've experienced before and again.
This is why I'm sharing it because I know that I'm not the only one. Uh, we're just at different levels, right? So if you're probably experiencing this, it's just probably with a different dollar amount. And I hope that you can use me as an example if you're not experiencing it just yet. But sometimes I I I Almost don't like to pay too much attention to these economic reports because then I really do begin to formulate my own thoughts and my own opinions about what I think the market should be doing.
And guess what? it doesn't matter what I think it doesn't matter what you think at the end of it all that literally matters is what the market wants to do and my job is to work and dance with the market, not to try to decide for it of what it should be doing and all today was would have been very different if I just would have accepted the market direction that there was no true break of pattern. It's very easy to see on the 5 minute time frame and any beginner could have seen that. but sometimes you become so blind based off of your own opinions that you form and today was a slap in the face that. I needed.
It was a great reminder. It's a tough pill to swallow. but guess what? I mean it's going to take me maybe an entire week to maybe make this back. We'll see how next week's performance is, but I'm excited to accept the challenge that the stock market presents to me.
I Just know that based off of my experiences today uh I know that I'm going to work on being more calculated and just going with the flow next week and I'm very excited to do so right. You win some, you lose some and following a very Green Day like I did yesterday I thought that today was just going to be the cherry on top I thought I could hit you know another maybe 10 or 15K a day would have been a great way to end the week. It just it is what it is, right? Um I'm excited for next week. This is why I love the stock market because it doesn't matter how long you've been in it. It always reminds you that you know your job is to show up 100% every single day. and I'm I'm really excited to do so so again. um I Hope that you can learn from my mistakes today and also wanted to say thank you to all the veterans out there. I know that uh, tomorrow is Veterans Day and just in case I don't catch you on a video.
Um thank you for for your service and to all those families Also, for those that have served uh, we appreciate the sacrifice so hope that earned your thumbs up. Please consider subscribing if you have any questions whatsoever. Send me a direct message right now via Discord and I Want to remind you: I Do Trade Live Every morning. You get to see my good trades, You get to see my bad trades, my entries, my exits, the whole thought process behind the trade.
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For me? You are the best trader out there. Not for nothing but I got mad respect for posting this and you are super consistent on your profits all year long. You are the trader I wish to become one day.
Love your humble video. I am struggling with accepting I am wrong some days, but I will figure it out!
I lost my whole year profit too ๐ข
This is my average swing trade ๐
thanks for this video. i write this comment as you should not get concered or something like that to upload videos likt his. For me its important to see Ws and Ls. most traders only talk about their biggest Ws and how they are always right. that shows a massively wrong picture of them. its way better and more likeable in my opinion if a trader also can talk about his Ls and keeping them in mind. because how do you get smarter and learn to not make mistakes again? yeah you make mistaken on the ways and learn from them!
Thats why I have a 2nd monitor with the weekly chart always on. Before that, I used to convince myself that there were some pullback zones to strike, and I was always wrong. Now I can smell if I'm doing an idiot move and hedge a position with options to protect my ass.
I lost a few thousand this week shorting the market and not at one point did I feel comfortable enough to buy the market so I let my shorts run and they destroyed me
boo hoo
Raise your hand is you took the L on friday. ๐โโ๏ธ
Get rekt
A whole lot of fluff here, the market is run on an algorithm. You need to learn the algorithmic footprints of the market. Stop reading articles and talking about dancing with the market, this is all hindsight talk and does not help anyone make money.
Being so influenced by news and economic reports. Baad for trading
I also was finding a bearish entry . I only got in last minute limit but with one contract at the end of the day . Letโs see Monday
Pullback will come soon
Took a pretty big loss today too, even though thursday had a pull back, we still had bullish momentum and friday proved it. Going to work on position size for the upcoming week and cutting losses quicker or reducing position size when it makes sense
If it were easy everyone would be rich, all of the news is bad, we're constantly being reminded of how bad things are economically, so anyone and everyone thinks ok, buy a ton of puts and get rich, it just doesn't work that way, the majority is wrong the majority of the time.
Great video!
the plunge protection team is running up the market cause they know the shutdown is coming. then they will do the rugpull and short the market, makin billions for the fed fu(kin the retain investor.
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Thanks for everything you do Ricky, We appreciate you
I had a day last week that my bias on gold was bullish and I refused to accept otherwise….sucks!!!
Friday was nuts.
Friday's price action was absolute proof the market is 100% manipulated period. This was pure institutional algo pump for options expirations that made absolute sure every possible reversal was shoved back up RSI and MAC D be damned and completely disregarded!
Exactly the same for me (on a smaller scale, of course)
lesson learned: markets are detached from the daily news and economic fundamentals
I also developed my own trading bot, that insisted to go long, due to the market cold conditions, I stopped it in the middle of the earning because I thought I know better the the alvo, and earn onnly a quarter from what tbe bot actually suggested.. Great Lesson to learn ๐
Took a 40k loss on my short position
Monday back to shorting ?
Thank you so much for sharing this. I feel validated because I lost due to the exact same thought process. It reminded me of my rule, which I broke, which is Don't try to call a top. You don't know how far it can go.
Simple mistakes cost a alot when you trade with a lot! Here is a breakdown on the mistakes I made trading in the stock market today! Excited to take on the market next week!