Hey everyone all right? Well, it's uh, seven o'clock and I'm doing a late recap of today's trades. Boy, uh, we ended up catching a little bit of momentum today. We caught a little bit yesterday, so uh, we actually ended up having a overall pretty nice um, finish to the week. I didn't do as well as I could have, but I got green and I did hit the daily goal with about 21 000 on Ks Cp and I also got about 1400 in my my main account as well.

So this is what I had traded when. let's see, these were my first two trades of the day and so when I did the morning show uh, I had the fourteen hundred dollars that you guys probably saw. And then I switched to my retirement account once I realized I had started trading in my main account by accident. So my retirement account is tax-free my main account of course I have income tax on so I try to trade in a tax-free account as much as I can.

So today we ended up. My day started with a focus on Imp and Indo, so for those just tuning in to the live recap, thank you for tuning in. Hey, a reminder in case you didn't already know, trading is risky. My results are not typical.

Most beginner traders do lose money, so you should assume as a beginner that you will lose. And with that assumption in mind, trading a simulator before you put real money on the line. All right. So uh, take it slow, be careful, and um, yeah so All right.

uh, let's see. So what was interesting yesterday was this kind of surprise move on Indo. I wasn't expecting it. Indo was not on the watch list yesterday as a pre-market gapper, but as you can see here it was around.

Uh, let's see it. It first started to pop up around 9 40 something like that, 941, 951. There was some news on it, it hit 389, it pulled back and then it ripped up to 437 and halted. And from there it just continued.

and it was really strong. I did well on it. Uh, I think I did a recap of this one yesterday so you know I did well on it. I could have done better.

But one of the challenges with this for me and I can delete all these trend lines so we just look at the chart. So one of the challenges with this one is that I started looking at it after it was halted at 4 37 yesterday. So on resumption it dipped down to four, it dipped down to 391 and then it ripped back up here and as it broke through 437, that was my first trade. so I bought, but literally at high of day I got in at high a day.

Now it squeezed up to 499 and I took the profit off the table. All right. It pulled back and then it squeezed up to 540. It dropped all the way down to 455.

So a dollar a share and then it rips back up again. Here through 540, I got back in it high a day. I got back in for the break of 540 and it squeezes up to a halt at 6 20.. So all of a sudden, this momentum strategy of buying high a day breaks yesterday was was working again.

Uh, but the last couple weeks that hasn't worked very well because we've just been seeing it kind of tap the high and then pull back pretty hard. So that's so. As a result, I traded it with smaller size. Yesterday I was up about 16 000 on it, gave back half the profit, finished the day up 8 000.

I gave back profit. Uh, I believe it was on this red candle right here. And then I gave back a little bit more on this one up here. So these I mean, these were huge candles.

a high of 850, a low of 725. This one had a high of 920, a low of 743. That's a huge range, so this one was good. You know, good to us? Yesterday it was.

it was the best one we'd had in a while. Uh, and it did have a couple of pretty pretty straightforward setups. the long break versus the high of the halt, and then the long for the breakthrough, the high hero 540, the long for the break here of 750. and then there was another long there for the break of 850..

So those were all decent trades and the dip trades were pretty good on it as well, but it dipped so hard it was a little hard to trust so I never was able to get myself to full size on it. but you know, made some money. Got green and then by the end of the day when I looked at it, I saw that it had pulled back quite a bit. But this morning I drew this trend line.

I sort of realized that it was holding in a range here. so we had this sort of ascending support line here and this descending resistance line here. It was kind of holding right above that line pre-market Well, I lost 6 600 on it and that was being long. right through here.

And then we got this drop right there, which was unfortunate. So we got this kind of big drop. and then I I did make back some money at the open. We had this nice trade here.

squeezed up to 694, halted up, opened, dipped down, then it ripped back up as it broke through the high right here. This was a nice trade up to 726 and up to 750. we hit a high today of 780.. So we did have some opportunities on Indo today, and we had some opportunities on Imp.

Now, the interesting thing about Imp is that it was sympathy to Indo. Both are energy stocks. so Indo Energy uh, Indonesia Energy Corp here. and Imp is a petroleum company.

so you know the thing with this one. This has been so typical these last couple weeks. You see these 4 a.m spikes. so it spiked at 4 00 a.m from a dollar 65 up to 250 and it was back at 1.65.70 You know, like 20 minutes later.

So if you're quick, embrace the chase and you can ride the momentum on these. But you've got to be quick. and you've also got to be up at your computer at that time. And of course I wasn't today, so I didn't trade it there.

Um, it ends up uh, having a nice squeeze right here as you can see up to 235 and then look at this trade at the open. At the open, it squeezes up first to 245, it pulls back, and then the break of 245. Right there was a long it squeezed up to 270, pulled back, then it rips up again to 288, drops down to 245, and then the dip gets bought up and it rallies back to 288 290 all the way to the halt up at 344.. So a really nice move.

I mean impressive. Uh, it did drop pretty hard on this red candle. it pulled back a bit and that marked out the high of day. All right.

So that was Immp. some opportunities on it. a little choppy, but it did give some opportunities And then we've got the 290 mover today. It's actually at 285 percent right now.

Uh, we still have about an hour left of after hours trading this thing. Look at this afternoon. Holy moly. It squeezes, halts, going into the close at 1607, resumes, surges up to 1975, pulls back, and then rips right back up here.

all the way to 23.. pulls back again, rips back up here to 27.41 27.41 Holy Moly. I mean it. That's really, really nice to see.

You know what's interesting is so at ipos yesterday and you know it was like a bloodbath. This thing halted one, two, three, four times going down. Was it four, Three times going down, and then another strong pullback. I mean, this was a really, really nasty ipo.

Uh, you know which, which is never what we want to see. Uh, let's see. I just want to check on uh, Bmscc for one second. Um, Kscp, let's see if they have this one.

So uh um, so this was filed two days ago just looking at this for a second. So sometimes I'll look through these filings a little bit. Um, one of the things about this one that I was looking at was a dead cat bounce off the low. Initially I just thought, well let's see if it bounce off the low And then as it started to move higher, I started thinking wow, you know this thing, this might have a chance of breaking yesterday's high.

Yesterday's high was 15 48. So first we had this squeeze here from seven up to 11.75 pulls back and then curls up here and look at this break of eight. So this little break of eight right there breaks eight, squeezes up to ten, pulls back. when it breaks through the high right there, it squeezes up to just under 13..

pulls back, breaks 13, goes up to 1340, pulls back, drops hard. All right, You know what? Choppy And then son of a gun. look at this thing. it just rips right back up.

So this is a sub V Whap trap. So this is a a bear trap. Uh, this right here. I mean it broke down, no doubt about it.

right there. it broke down and that in that setup right in this area, you know that that's bearish. It broke this level and it dropped and it broke below V Wap and was below V Web. And then this thing broke above.

View app. halted up right here, opened dip. and then you're looking at a breakthrough. Highs: A breakthrough high is going into the close right here at 1340, hits a high of 1389, pulls back, then it starts to open up and pull away.

14 14, 50, 15, 15 50 Halted 1607 Going into the close resumes after hours immediately 1975, another three points, pulls back and then up to 20, goes up right away to 23-15 Pulls back, look at that huge red candle, three dollar candle micro pullback right here and then goes up to 26 all the way up to 27.41 Wow, so you know and right now it's on a little bit of a pullback after that breakout. You know, I think that generally speaking, this is, um, you know this is pretty impressive. You know? I I really am fairly impressed with this one. Um, it's held up well now.

what does it do tomorrow? And I think that every Monday and I think that that's kind of the challenge. I'm just not sure that we're gonna see a lot of follow-through on this on Monday. I'm just not sure because it's already now up so much. I mean, this is such a huge move, So I think at this point you know we'll just see what happens on Monday.

You know, maybe it, maybe it opens up, maybe we get more opportunities on it. The level I would certainly watch would be the high right here, but this has now far exceeded the Dead Cat bounce. It far exceeded breaking through yesterday's high and although it's a very bullish candle red and then huge green, you know it's still. it's still pretty pretty high up there.

Um, let's see. So looks like this was, uh, four million shares priced at ten dollars. So you know this is kind of one of the challenges with. uh, these ipos.

Does it really make sense for it to be trading at this price? And let's just see. so um, it raised 22 million through the sale of 2.2 million shares of class A stock price to 10.. So it's a relatively low float and um, you know, this thing obviously opened up, but I I just don't know that. I, I don't know, who knows.

I mean, I don't even know that it would have really been that easy to short or easy to borrow because this is a stock that just ipo'd yesterday. So I I definitely had no shares available at Lightspeed. I mean, that I'm certain of, let's see, um, but my guess would be that, um, you know, so you can see right there so inventory does not exist. But my guess would be that uh, most brokers wouldn't have had shares available to borrow, so I'm not really.

I don't really know that this was a i don't know, but at the same time, you have that sub view app trap which is a bear trap so you're not gonna have a bear trap unless you have people that got short there and then were surprised and had to cover into this move. So maybe there were some people that had shares available to borrow? I don't know. I mean it was obviously up a lot at this moment and you know when it broke that level it did probably look like okay, this is going to fade into the close and you know even at that point at 13 it was, it was extended so it made sense to short it. But man, this thing just ripped right back up.

So in any case, I don't know about shares to borrow. If that was, um, would have been easy or not the high up here. The pivot right now. So when we sit down on Monday morning, you know no doubt we'll look at this one at this point though it's a high priced stock right at this point.

You know we're way up here at 24.50 so I'm just not sure that um, you know that pivot 24.50 Then for a move up to 27.41 I'm just not sure. Um, I think that this one, um, you know it's it's interesting, but I don't know. Um, I think it's just something to be a little bit a little bit careful of on Monday And something that I try to remind myself is that you know if I ended up missing the big move, you know and this is not uncommon. You know you have something like this and you know? Let's say let's say you missed the big move.

The good news is, there's always another one around the corner, right? There's always gonna be another one around the corner. So rather than getting Fomo and chasing this one, just take it as a sign that there's some momentum, there's some life back in the market. and let's look for the next opportunity. You know, on Monday morning, maybe it'll be this one? Of course, who knows, maybe at 4 00 a.m on Monday morning, it's gonna spike to like 37.

and then by the time we're sitting down at, you know, eight, eight o'clock 8, 30, it's going to be back down at like 20.. I mean, that's that's the type of stuff that we've been seeing a lot of these 4 A.m spikes and you know that's exactly what we saw in Imp. the 4 A.m spike. You know, it rips up and I kind of thought I was like i don't know that candle with a big topping tail.

I'm not sure that we're gonna get more opportunity, but it ended up proving itself. and we did. So you know, maybe we will on Ks Cp. My thought: kind of coming out of a colder market and going into a hotter market.

is that what I'm expecting are sort of like one hit wonder type of stocks where you know you have one or maybe two days of momentum like we had on Indo and Imp. Uh, but it's probably gonna be a little bit of hot cold hot cold. where we'll have one day that's really hot and then another day that's still pretty cold and so a little bit of that you know, kind of back and forth until things start to become more consistently hot. and that's sort of the same as when it cools off.

When it cools off, you start seeing. you know, a couple days where it's just really dead, you know, and then the next day you see something where it's really hot and you're like, okay, wow, I guess we're good. So you sort of get those on off days where it's totally dead and then really hot. Totally dead.

Really hot. And that's some sometimes that transition between a hot market and a cold market. Or a cold market and a hot market. so you know the market is heating back up.

We had some good opportunities on Indio yesterday. I was. I was certainly impressed with it. I didn't capitalize on it as well as I could have.

uh, but we'll you know we'll be looking for the next one. And when I saw Kscp today, I stepped up on that one and capitalized on it better. I made more on this one than I did on Indo. So on Monday if we have another good opportunity, maybe I'll make more on that one than I made on Kscp.

And generally I continue to be more and more and more aggressive until there's a reason for me to slow down. Now this is something that I'm not good at. I'm not good at easing off the throttle, you know, when when. So when the market starts to cool off, I don't like to take my foot off the gas.

I usually what will happen is I'll you know sort of have a surprise big loss. which can happen even in a hot market. You know you can have a day where you just get on the wrong side of a trade and the market's hot. But you know you finish the day red so that you know first will be a red day and then I come back the next day.

Aggressive. And you know sometimes you have to get knocked down to get back up and swing hard. And sometimes swinging hard produces some big wins. and in fact the best day of my career.

Uh, I noticed this just recently. I was actually down 25 000 on on that day. I had taken a good size loss so I got kicked in the teeth and I came back swinging and I finished the day up 475 thousand dollars. Now as a reminder, my results are not typical.

That was my biggest green day. That type of green day is not typical for me. My biggest red day was 275 000 in the red. So I've had big green days and big red days.

But that big green day started in the red and it was, uh, coming back aggressive in a hot market and I killed it. But in the cold market you come back aggressive, You get knocked down even harder the second time and then you come back. a third day, you get knocked down a third day and then you're like whoa. I just dug myself a pretty big hole and that's what ended up happening for me.

Uh, if we look at uh, January. So started pretty strong the first two weeks and then dug myself a hole These three days. came back with a small green day, two more red days, and then Thursday and today Friday better. So let's see what Monday holds.

Maybe, um, on the other side, and you know I'll be able to kind of finish January in good shape and then roll into February with some momentum. But yeah, I'm not good at easing off the throttle when the market cools off because that first day I take a loss. I just think, well, you know, I just took a loss. It is what it is.

And then it's not until like the second red day or the third red day that I'm like, uh-oh But then by that point I've already dug myself a whole now. all things considered. Um, this is my last 30 days of trading. So about 358 000 in profit and then dug myself about a hundred thousand dollar hole.

So you go over 90 days and you can see that's over a million and a half in profit. So losing 100 grand off of 1.5 million, that's like a 7.5 drawdown. It's giving back 7.5 percent. That's that's tolerable.

You know there's other traders out there that are going to have much bigger whips in these kind of pullbacks. So this is kind of the the bigger pullback for me. You know, seven percent versus the last 90 days and that that is tolerable. I'm not super happy about it, but it's tolerable.

So and I I hope that the market does start picking up now. I think that something that's kind of interesting here and if we look back at January 1st of 2020, we'll notice. or 20, 20, 21. we'll notice a similar pattern.

So these first two weeks, um, the first two weeks of January in 2021, I dug myself a pretty big hole, right? And this was a market where it was Hot Cold Hot Cold Hot Cold Hot Cold Hot Cold Cold Hot Cold Warm Cold Cold. So by the end of the second week here, I was down over a hundred thousand dollars. I was down over 150 000 on the month now thanks to a 478 thousand dollar day here, 200 there and another 100 there. I finished the month green.

But I had a really bad start to the month and that's uh, you know, the beginning of, uh, this month. For me, you know this is like, you know, warm, warm, warm, warm, kind of slow slow sort of slow. sort of slow sort of slow. And then I took Friday and Tuesday off, came back cold, cold, cold, Really still cold.

I managed to squeeze out 3 400 cold cold. and now you know, warming up a little bit and warmed up a bit more today. So sort of. This was the low point here and now it's starting to come back out and what I am finding.

And I don't know if any of you guys feel this way, but um, I am feeling this kind of anxiety about it being the beginning of the year. I feel this sort of, um, this pressure to try to have a really good start to the year. And I think that, um, I think for me, you know, the beginning of each. I have it on smaller scales at the beginning of each week, at the beginning of each month, you know, at the beginning of each month you know you have your monthly goal, You have your weekly goal, You have your daily goal, You have your monthly goal, and so at the beginning of each month you sort of feel like all right.

As soon as I hit my monthly goal, I can kind of coast. It's sort of smooth sailing, right? And I think that for me at the beginning of the year I feel that pressure. You know? I I did almost four million dollars last year. Again, a reminder.

My results are not typical, but you know, in the year before, uh, in in 2020 I did 5 million 5 million gross profit in 2020. So at the beginning of 2021, I was feeling anxious. I'm starting from zero. Am I going to be able to do that again? You know, from Zero all the way to five million, that's a He.

That's a huge number. You know that's 400 000 a month. And um, so at the beginning of of this year I'm feeling that same kind of anxiety. Like all right, it's the beginning of the year.

I'm starting at Zero and I'm trying. I feel like I was trying to get myself in the driver's seat as quickly as possible. So what's in the driver's seat? Well uh, a decent profit. You know, like some some really decent profit.

Maybe a hundred thousand dollars, 150 000 for me. Maybe for another trader it would be 10 or 15 000, you know. But just getting some level of cushion because then you start to feel like the wind's at your back a little bit. And I was really fortunate last year because I ended up getting this sort of hail Mary pass with Gamestop.

You know it was a bailout all of a sudden. I just I was down 150 thousand dollars in January of 2021. And then next thing you know, Gamestop and I finished the month up like 800 grand or whatever it was. I wasn't expecting that, but I it was a a gift from the market.

So this year, well, I didn't get that, you know here in 22. I didn't get that big. You know? Yeah, I mean I've gotten a couple little trades, you know, yesterday and today, but nothing. nothing crazy, nothing record-breaking by any means.

so you know I'm I don't have a very big cushion right now on the year and that's I think causing me to feel this pressure like. you know, I'm already falling behind what my goal was for the year. I didn't hit my goal for January and I'm not gonna hit it. It's not gonna happen, you know, I I didn't.

I gave back too much in these last two weeks and I didn't make enough in the first two weeks to afford giving back that much. And you know. So here I am, finishing the month with small profits relatively speaking. And so I feel like my trading this month has been pretty emotionally activated.

and we talked about that expression a lot in Trader Rehab. We talked about how, um, you know different different things can trigger you to become more emotionally activated in your trading. And it can be, uh, it can certainly be the pressure you put on yourself, which is the case for me right now. It can also be the emotions that come with having dug yourself a really big hole having had a really big loss.

So um, you know if I go back to um, yeah, 2021. Um, let's see, I'm just gonna go like this. so let's just look at this for one second. Actually, let's let's go through.

Um, let's go through here. So I'm gonna go. Win loss expectation right here. So look at, look at this.

Holy Moly! So I went. I drew down a hundred and I was guessing 119 000 does this include net? We'll do net So it wasn't quite 150? Um, no, it was. Gosh, it really gosh. I really did draw down a lot.

Golly, must have been churning a lot of shares. All right. So drew myself down to minus 167 there in the first two weeks and then ripped back up and then two huge red days. A hundred thousand dollar red day, Single red day.

Um, let's see. let's just double check to see on the calendar what that was. So that was. Um, minus 99 000.

Oh and then minus 275. this was my birthday last year, so you know with those two days, I dug myself such a huge hole that I was feeling super super emotionally activated. You know, I felt like I had dug this big hole and it was going to take a miracle for me to finish the Mon. This is the first four days of the month.

It was gonna take a miracle for me to finish the month in the green. Uh, well, you know I got it. and this 200 000 was on Gamestop. Uh, 110 000 there on this day? 72 79? You know, I I finished the month Green Mo.

You know it's pretty crazy, but I I did. But I was very emotionally activated and um, this year I'm feeling quite emotionally activated as well. And right now it's um, it feels like it's the the pressure. You know it's this pressure of trying to get myself green, uh, on on the year.

And so my thought for Monday. You know I'm not super happy about how I traded today. You know, the loss on Indo that wasn't great. I was down 11 000 on it before I recovered to being down only six today.

could have easily been on a volatile stock like Kscp. I could have lost 20 grand on this and been down 30 000 today. And you know, been sitting at another, uh, you know, big red day so I don't feel like I'm really out of the woods yet. even though I finished today Green, um, I don't feel like I'm out of the woods yet.

And so my thought on Monday is that I need to reduce my share size even more than I uh, did this week because this week wasn't as good of a week as it could have been. So my technique here of reducing share size is to bring down the emotions and to make it easier emotionally to cut losses. Because if you take a trade with 30, 40, 50, 000 shares, you start to feel like you're you're in it and you have to see it through. You know, with 200 shares with a thousand with 5 000 with 10 000, you know you can jump out.

You can jump back in. You don't get that much slippage usually. so you can, you know the second you don't like, you can say no, I'm out or nope, I'm back in. But when you start moving with really big size, it's not as easy to move in and out of a position.

So if you decide to bail and then it rips well, you're not going to be able to get back in at as good of a price as you had. So it makes you not want to bail. You say, you know what, I'm going to hold it. Let me give it a second, You know, let's see.

let's see how it does and the next thing you know you're holding it. It's down 10 cents, It's down 15. And then you're down 30 cents on 50 000 shares. And that's a you know, 15 20 000 loss with slippage.

And just like that, you know you're at max loss on the day. And then I'm saying that from my experience. so uh, trading with smaller size I think is gonna be important for me. Uh, you know, Ultimately, until I've made back probably half of um, of what I've lost this month, you know I went from up, I went to up 108 000 and then you know, All right, made another 20 grand today so I'll be at 35 000.

So I'm still down 70 grand now. You guys have seen me do seventy thousand dollars in one day. Okay, what kind of market is that going to be in? Well, that's going to be in a hot market. Now it was.

It was pretty warm today and I left some money on the table. I could have done better today if I traded a little longer and a little more aggressively I could have. But right now I'm trying to build a little consistency because what I don't want to do is repeat this. a small step forward.

Another big step down. Right? This is a small step forward. I could easily take another big step down and I can't let that happen. So today was a, you know, medium-sized step back up.

I need about two more of those. So one of the things that I've said is that usually when I have a draw down, I need to first make back half of the loss before I can start really getting aggressive again. Because the problem is, if I start getting aggressive too soon, I could find myself just stare. Stepping down right, the small step up, and then a big step down, a couple small steps up, and then another big step down.

So you got to change from stairs stepping down to stair stepping up. And that means you need several small green days. You know, right? This is all relative. So my daily goal is 20 000.

So a small day green day for me is anything under 20 or maybe right at 20.. So if I do another 5 to 20 000 on Monday, that would be a good third step in the right direction. That would be three green days in a row. You know that'd be making some, um, some real real progress right now.

Realistically, that'll put me at 35, 45, 50. you know. And then I'm almost. You know, halfway recovered on the loss.

Get you know, Maybe maybe two more good, three more decent green days, and then once I'm back up in this area, then I can start to ease on the throttle a little bit, because now I'm kind of curling back to my highs. So it's very similar to a chart in that way. Um, like a like a stock charge it's but there's some psychology around it because you just have to be careful. You don't get yourself in a pattern of just stair stepping down, just stare stepping down because that's that's not going to work.

So regardless of how you finished this month or how where you're sitting on the month of January on Monday morning, I'm going to be sitting down to a modified trader rehab program for myself. My restrictions are on share size. It's not on the total number of trades I'm going to take. I'll probably still take, you know, three, five trades if I see three to five good ones.

Maybe I'll take more if there's more good ones, but I'm going to reduce my share size. I need to build a profit cushion. I need to start to get re-centered. And you know the fact is, five thousand dollars a day is a million dollars a year.

So even though that's not what my goal is for 2022, you know if I can put together five or six, or seven five, ten thousand dollar days, it serves me as part of that reset. So it helps me reset. and it obviously generates some real profit. But you can see this is my draw down here for 20 22..

So starting the year, you know, with profit and then beginning a drawdown. So the cumulative drawdown is how much I've lost versus my all-time highs in the account. So if we go back to Um, January of 2021, you can see these drawdowns. So you know all things considered, this drawdown that I've just experienced is kind of on par.

It's a little bigger than the last one at 50 000 and this one is 79. It's not as big as this one which was 150. you know, so they they vary. You know draw and drawdowns happen.

I don't care how long you've been trading, you will have drawdowns. You will have pullbacks. This is. this is just.

um, you know this is. this is trading. You're not going to just have a straight up equity curve where every single day is green. The only people who make money every single day is the broker that I'm paying commission to, But as a trader, we don't make money every day.

We hope to make money more than we lose money. and my accuracy over the last year has been around 66. You know? What was interesting was that, um, I'm at just over 70 71 here for, uh, for January. This accuracy is fantastic.

The risk management is garbage because I've been swinging big and I haven't hit very many big winners. My biggest winner is only 14 000. my biggest loser is 37 000. So I have a negative profit loss ratio this month and the only reason I'm green is because my accuracy is as high as it is.

so I'm grateful for the accuracy. I'd like to keep that strong and I'd like to reduce the size of these losses. and so the best way to do that right now is to trade with smaller size until I get a little bit, get a little bit of a groove going and kind of get more comfortable and and then I can start to size back up. So I'm very excited to see what Monday has in store for us.

I was not expecting a 275 285, 290, uh, squeeze on Kscp. But boy we got it. I wasn't expecting the move that we had on Indo, pre-market or at the Bell. and I wasn't expecting the move that we got on Imp.

But you know we got some opportunities today. So I locked up 19 300 in my retirement tax-free and 14 000 a 1400 in my main account taxable. So just over uh, 20, 000, 20, 700 hit the daily goal and made 21 000 just on Kscp. So good job for those you guys that traded.

Uh, if you've been sitting on the sidelines for the last couple weeks, uh, start, start watching. It seems like we're getting some opportunities here. These last two days have given us more opportunity than we've seen in several weeks, but you know, a reminder is always to take it slow. The market will be here for you.

I am. You know, I get the feeling of impatience because I'm impatient. I'm wanting to hit my my yearly goal as quick as I can so I don't have to feel that pressure anymore. It's it's kind of like, um, it's almost like the anxiety going back to school.

like trying to get a paper done. You know, way ahead of the deadline so I don't have to worry about it anymore. Or you know, some big assignment. Just trying to get it done is as quick as I can.

so I I just don't have to think about it, don't have to worry about it anymore, I think many of us have that, and uh, that can create a bit of a desperation over aggressiveness at the beginning of a week, the beginning of a month, the beginning of a year. and I've consistently found it for myself at the beginning of each new month, that the beginning of each new month, I try to swing hard to get myself in the driver's seat so it feels like smooth sailing. You know, for the rest of the month, and I these last two years have felt it really strongly. At the beginning of the year, January has been tough, so I'm kind of going through that a little bit and trying to, you know, keep myself from going too far off the rails and I've gotta buckle down here and stay disciplined.

So join me on Monday Trader Rehab. I'll be, uh, encouraging students to, of course train a simulator if you're not profitable, and to practice, you know, getting in, getting green and shutting it down, trying to be consistent? Get in, Get Green. Shut it down. Don't over trade.

So all of my trades today that I took were immediately green, but on Indo I didn't take the profit I kept adding and I turned a winner into a loser. but all of those initially were base hit green trades. I didn't have one trade today where it immediately went against me and I got smoked. I had some losses, but they were all green before they turned around, which is, um, which is good.

And I I wish I'd taken a couple more base hits and not taken this loss on Indo. but that's all right. So anyways, Uh, thank you guys for tuning in. I appreciate you guys hitting the thumbs up.

Those who have tuned in live for this recap and you know if you miss this, don't sweat it. There's always another one around the corner. If you missed Indo, I am Imp or you miss Ks Cp, don't sweat it. there's always another one around the corner.

You know this is just I didn't even know this symbol a week ago and here this gave me my biggest winner of the day. So you never know what stock is coming around the corner. You've got to manage your risk. You've got to think about capital preservation.

You don't want to start gambling with your account and just throwing money at the wall. Stay calm, Stay cool, stay disciplined. wait for those good quality setups, and then when you see them strike. And of course, you shouldn't trade with real money until you've proven some degree of profitability either in the simulator or with small share size.

So you know and some questions on Youtube about um, the overall market. So you know this is the overall market. Um, is, um, no doubt a factor to a certain extent. although one of the things that you know so obviously the market has pulled back the last like 10 days.

I've read the last 10 days you'd say oh, that's not coincidence you know. But at the same time when you look over a long period of time, let's see. So if you look at my profits by market behavior, you know the market's down. I make money.

on an individual day, the market's up. I make money. I mean, it doesn't. It just doesn't seem to make a huge difference.

You know what the market's doing. Um, so I. I mean this is, you know. I mean, it's probably doesn't make a huge difference what any of these are doing.

I'm just fairly. Um, well, that's kind of interesting on performance by Vic's movement. Um, that that isn't But Vix is more volatile anyways. So in any case, um, you know, most times it's not as volatile and the trade distribution is right in there.

So yeah, I, I mean, certainly I would be concerned about, you know what it would, what it's going to look like to trade during an extended pullback. I mean, we had this really sharp pull back here, but then look at the huge bounce that followed it, you know this was really incredible. So um, I, I'm not really. I'm just not super worried about it.

you know, And I've been in the market for a long time. It's true that, uh, the bulk of the time that I've been actively trading, the market has been. you know, really strong. I mean, if you started trading really like 2009, I mean the market has.

Aside from, you know this pull back here. This one here, You know in the this double double bottom here, the volatility here. but you know generally it's been strong. but you could also say that about.

I mean you go back a long ways if you wanted to this. this chart doesn't go back as far as it could. but um, you know this is from the 90s up to 2000 here. and then you've got this period of pullback.

So you know this is a long period of pullback right here from 2000 2003. and then you know a six year forward and then you know, like two years down. So what what's it gonna be like to trade during a two-year three-year down period? I don't know, but I can tell you that I'm just going to stick with it. I I come in every day.

You know I'm in the trenches with you guys. When it's choppy markets, I'm here trading through them and we seem to find opportunities. We seem to get through it, so whether it's recent ipos or whatever it is, I'm not sure. but um, you know I I just.

I keep showing up and I keep trading and I keep looking for opportunities and I keep learning also so a change in the market can force you to adapt and this drop right here forced me to start focusing on dip trades and that was one of the best things I've done in my career is get dialed in, get comfortable on dip trades, and now I trade them regularly. So you know I I'm open to learning and adapting and trying to continue to improve my strategy. you know, as needed. But yeah, what happens this year in the market is anyone's guess.

Uh, you know, as always I we can't predict it. So we'll see. we're right around the support of the 200 moving average here. Um, you know we'll we'll see what happens.

But yeah, I definitely encourage you guys to take it slow and uh, you know, come join me in Trader Rehab. I taught Trader Rehab Uh, in uh, December so it's about a six hour long course. It's part of the Warrior Pro curriculum and so you could watch. You could join Warrior Pro tonight.

Uh, or anytime you're watching this. you could watch Trader Rehab right now and you could join me on Monday morning. I'm going to be in Trader Rehab too. It's not a um, you know, 100 share Trader Rehab or 1 000 share Trader Rehab, but I'm going to cap it around 10 000 shares.

That's what I have mentally set as my max share size right now. So I have it set here at 10 000 shares max position size. So if I try to exceed that position, it's going to send me a warning. Um, Zbzt.

So let's see, I'll show you what it looks like. Um, so that's the warning right there. So this slows me down. It forces me because I the hotkey it tell.

It forces me to say wait a second. Do I want to take this trade or not and that's important Now another way to do it would be to actually go in here. Uh, to trading to warnings and say uh, do not allow, don't even allow it, Don't warn me, Don't even allow it, just just immediately reject it And if I do that then um, it's gonna put this error message down here. Uh, no orders max position exceeded.

So every time I try to click it's just going to say no order, no order, no order And I can't take an order. So there's different way ways you could do it with this software depending on what you'd like. But I'm going to have it at 10k on Monday to try to start the day to try to get Green The trade. Um, you know, I think that's a good good approach and if I can get green you know and we have some really great opportunity, I'm I'm okay with opening up and capitalizing on the opportunity that's in front of me.

but I need to build the cushion first and I really do need a good week of hitting my daily goal each day and not overstaying my welcome. Um, sorry. All right. so anyways, um, that's about it for me.

Thank you guys again for for tuning in. Um really appreciate it. I hope you guys have a great weekend. I hope we, uh, see a continuation of the momentum that we saw yesterday and today.

Yesterday and today we had some good action. It wasn't perfect, but it was a lot more than we had yet uh, at the beginning of the week and last week. So let's see if we can, um, roll this momentum into next week and catch some opportunities on Monday and Tuesday. And then maybe that'll get us off to a good start for the month ahead of February.

But join me? uh Monday morning, Trader Rehab, We'll start. I'll be streaming right around 8 a.m so you guys who are Warrior Pro students you'll know that and I look forward to seeing you then. All right, thanks again for tuning in. Thank you for hitting the thumbs up and I'll see you on Monday.

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