What's up everyone? All right? Well red lights behind me right in the P&L One step forward, one step back. I'm back to Red on the month Oh, this has been this has been a crazy month and something that I'm really thinking about right now is you know what has kind of led to this just whipsaw that I've seen this month. you know, $47,000 in a couple of green days and then you know, giving it all back across a few red days took down to Red on the month I mean this is some really kind of wild stuff. My PL or my proper loss ratio this month is going to be awful.

It will be terrible I don't know what my accuracy is that right now cuz I didn't want to obsess over it, but it's my accuracy Actually might be okay. buts the profit loss ratio that's bad is because I've allowed a few trades to go against me so far that the average losers are gonna go down and it isn't that always the case. You know that it's that one trade that you hold where your stop is 400 and next thing you know you're down 800, 1200, 1600, 2,000, 4,000, 8,000 and you're just like, well, doesn't matter that I'm right 90% of the time when every tenth trade I lose ten grand. How many you guys can relate to that? That's kind of where I'm at right now.

and this month has been. This month has been interesting for sure. So in any case, you know this morning I started with Apop Tesla These two were kind of on watch. Apop was actually gapping up here about 37% and Tesla large cap stock gapping up 17% which is a huge gap for a $300 stock.

I wasn't seriously watching it for a trade, but I knew that a lot of traders we're gonna be focusing on it and it would be a magnet that would take attention out of the small cap market and I think that that is essentially what happened. A lot of traders were focusing on this today, but if we looking at Tesla in the first, let's just say the first 10 minutes of trading our first 15 minutes of trading I'm going to take off some of these line here just to clean up the chart. What you'll see is that the bell rang and I know Mike Was watching this for a short for a drop below 295. So the bell rings and this thing squeezes up to three hundred and four dollars.

so it goes totally crazy and then it drops all the way down to two. Ninety four comes all the way down to 94, then it rips back up to 303. then it drops back down to 289 and then pops back up to the view app like this thing is just whipping all over the place. Very difficult to trade of course also with big spreads and that was Tesla Apop wasn't much better.

Apop A really nice clean gap and go set up. I'm watching it long over for ten for a break of the pre-market high. the bell rings the price. The open price is 371.

It dips down for a second and then it surges up. I buy it squeezes up to 403. Boom! I'm out with just about $1,300 a profit. so that was a solid trade.

Let's look at this on the 1-minute chart. By the way. I traded this one yesterday made four grand on it. Its second day continuation on a recent reverse split with room on the daily up to 634.

So I like everything about it for the most part. All right. So my first trade on it was right right here and then this month one-minute micro pullback I added and sold at 4:03 I actually on this one I took 15,000 shares I started with 9,000 and then I added 6,000 for the break of four I thought it was gonna rip right to 410 420 and so 15,000 shares to only make you know $1300 It's kind of disappointing. It flushes down here to 375.

it holds for a second and then I added around this blue circle. here on that. what ends up being this red doji because I was expecting the first 5-minute candle to me new Hi would give us that rip through 410. I Really thought so wrong Again, pops up to a high of 397 and flushes down.

And just like that I go from up to 1300 to up only about 600. It then drops down, sells off and as it curls up right here and as it broke over this let's see as it broke over the half dollar of 350 I got in with a target of it tapping the V whap and maybe breaking through the V when it hits a high of 59. I made back like 400 bucks so it puts me up 970 and that was it on Apop. So hey 970 bucks.

give yourself a pat on the back. not bad. You know that's some good progress. Well it you know obviously did instead and stay green on the day the next trade was o PG N O P GN was a gap down reversal.

the stock had a secondary offering I treated this one yesterday and also made like 2,000 bucks. but secondary offering and the stock tanks overnight. This is why I don't swing trade these stocks I Don't hold them overnight and it is one of the reasons that some short sellers will hold them overnight because they're hoping for this type of news. and you know this is a big win for short sellers.

so you know of course here's the drop down to dollar 68 and is it starting to curl up I Thought maybe we get a little bounce just up to 2 I Was only going for a base hit on it, but that was a small loss of a hundred dollars so that's fine. My next trade was PDS B PTSD was on the watchlist. it's a gapper right here. 367 up 16% 3.7 million share afloat, 1.2 million shares of all you mess up right now.

So the bell rings and all of a sudden starts to rip up and so I bought it on the break of four I think I got in at about I don't know what it was 405 or something like that. it squeezes up to 433 and I was tempted to add I was like guys normally I would be adding here but I'm gonna take give it a second. it dips down right here and I stopped out I was like you know what? I was gonna take my profit $300 so that put me up 1,300 or 1,200 on the day after apop. So okay, not bad there.

maybe 1100 whatever. green day. Then I take the first five-minute camel to make a new high which was right here and this one, you know I decided to add on. so I took my three thousand, went to six, went to nine, it flushes down and I'm down two grand on it and I'm like you know again, like god dang, so that was PTSD So just like that I went from up a thousand on the day to down a thousand.

That's trigger. What kind of trigger is it That is a FOMO trigger right back there. That's where we've got the FOMO chart you can see right there. and we now have zero days since FOMO because today was a day where basically I gave into phone.

so so I got back into here, got stopped out frustrated I then got back in a second time or third time right here and got nailed again $2,000 So now I'm down 3,300 on the day and I suppose this is the point where I go from being calm, cool and collected once again to you know, just like God really frustrated and this is a month where you know I'm looking at my calendar here and almost every day this month I've either been up or down more than $2,000 I haven't had small days, this month has been has been big stuff you know. yesterday was a nice bounce back up five grand and then today it's gone just like that. So I'm I'm really kind of going through it here and I'm disappointed I'm frustrated and I shouldn't have traded s LG G s LG G took a trade on it. pass my go-to time of day and look at this.

look at this false breakout. I mean this. You know this is a this is a valid five-minute bull flag. There's no question about it, it's a valid setup.

I Saw some students in the room actually made money on it either through this area or through this area here because they took profit. But here's the problem. once your read on the day: a base hit will never get you back to Green. You need to get a good solid homerun to get you back.

and I did it yesterday, you know. yesterday I got a good home run, an OPG n a decent home run on Apop and I went from down 3 grand on the day to up 5 grand and I thought this was gonna be the one and I was wrong and that's part of training. You know admitting when you're wrong and taking those losses and that's why I'm not still holding it, but it is no doubt disappointing to have that kind of loss. and what's disappointing is to throw you know good money after bad I'm already down on the day I'm already not having a great day so you know the moment of you know kind of mindfulness of is the market hot today.

No. Have I seen other home runs today? No. Have I made money today? No, you know, are other people making money today? Maybe that's not even an important question, but I know I guess you. it's how do you ever really know you know people say what they say, you don't really know.

So refrain forget that question. For the first three questions, the answers were no, no, no. So then you know looking at this trade here on SL Gg we've got this pullback. You know we have this rip up here to a high of 39 which is a big move, no doubt about it.

And when you see something like this, when I see something like this, it makes me think that someone is trying to accumulate a position. Is that a hedge fund is an activist investor? Is it an insider who you know legally is buying because they want to buy? They can do that at certain windows. You know. Is it someone that knows something? I don't know, but you know that kind of approach of follow the money is you know sort of what I was thinking on this.

Okay, someone jumps in here with 30,000 shares Wow and then it pops up here. and then it's halted. and then it pops up here and it pulls back a little bit. This is a nice pullback opportunity and you can see right through here on this candle in this candle.

right here. 20,000 shares of volume on that breakout right here. another 4,000 You know what? You know that that was me I was the only one looking at it I mean no one else is really looking at this stock because today the market wasn't hot and once again I'm sitting here in the red feeling a little frustrated and looking back on them on my Month and wondering where would I be this month if I had traded with you know, 2,000 shares on every single trade I took I brought down the emotional stakes and I wasn't swinging for home runs and chirps. There would be some decent wins with 2,000 shares and there would be some losses.

But I am now red on the month again and this is gonna be potentially my second red month of the year. The last time I had to read months in one year was in 2017 was a 2017 right now I can't recall I'll have to go back and look but I think it was 2000, it might have been 2016 I think in 2016 I was read in May and then I was read again in September both by about $5,000 in 2017. I I was Green I know I made one hundred and seventeen thousand in January and then no, that's not true. 2017 was the beginning of my small account challenge 2017.

I think I was green all year to January of 2018 I was a 117 grand February of 2018 I lost about 10 was green the rest of the year and then I was read March of this year I can't remember exactly by how much I've got my calendar here, but I don't think I totaled it at the end of the month, at least on the calendar. So in any case, this none of this is really all that important and it's just to say that this is. this is fairly significant for me to have potentially to read months in a year, it's been a good year. I've made $300,000 No one needs to feel sorry for me and I shouldn't feel too sorry for myself.

Someone commented and it was a great comment that Ross you're not down, you're you're still up for the year. Sure, you're red today, you were red yesterday or whatever in red two days ago, but you're still green on the year. You know thinking of it in the daily that red to green, red to green I've been green since January first. Basically just it's you know, the ebb and flow.

but I had high goals for 2019. I'm not quite hitting them with a month like this, so adjusting expectations, not having expectations, just trading the market. I'm in and today I Once again traded a hot market strategy in a cold market and it got a splash of water on my face. So this is kind of a struggle that I'm having right now and I'd like to break out of this cycle and we talked about it in the video I posted the other day about the emotional trader in the $20,000 loss and I'm still kind of churning in the sort of wake of that big loss and trying to regain my balance and refocus and it's gonna take a couple days.

That's the way it is. But one thing that you guys will know about me is that I always get back on the horse I Will be trading tomorrow and being a successful trader, it's not about how many times you have red day, It's not about how many times you get knocked off the horse, It's about how many times you're willing to get back on. You know if there comes a day where I take such a big loss and I'm like, you know what? Um I can't even bear to get back on the horse? Well I Hope that day never comes and in order to prevent that day from ever coming, I've got to make sure I keep certain risk parameters on my account. and so as I grew my account from $583 up to a million dollars, I was consistently taking money out.

So I've got a hundred thousand dollars in this account right now. You know the remaining nine hundred grand I I was taking out consistently taking profit out. So you know God forbid I even took a fifty thousand dollar loss or a hundred thousand dollar loss it would not. It certainly would not end me it, you know.

I think one of the worst things a trader can do is just let their account grow indefinitely without pulling money out. And that brings me to the 100 million dollar loss. I Don't know how many of you guys watched my video about a trader who lost a hundred million dollars greevey account from basically next to nothing up to over a hundred million dollars during the dot-com bubble and then let the account come all the way back down. I'll put a link to that video below.

it's a Driving With Ross episode in San Francisco And so really, it's an interesting story and it's certainly a good reminder to draw profits out. Keep your account small and maybe it's time for me to. Maybe it's time for me to draw some profits out of this. shrink the account a little bit enough.

Didn't about that. All right? Well, that's it for me. And this has been a longer video than I was expecting. So questions, Comments: leave them below: Subscribe to the channel if you like these videos.

Thumbs up if you watched until now I Hope you give me a thumbs up and I'll see you guys first thing tomorrow morning. Alright, see you guys tomorrow! You want to learn more about trading? Check out some links in my description and if you have questions, ask them in the comments. I Personally respond to every question posted on my channel. And don't forget to subscribe.

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