What's up you guys? All right? So I'm just going to do my recap in the car because I'm I don't want to look at computer screens for the rest of the day. It's a red day recap. So let's set context a little bit set the stage. So um, today's Tuesday.

I was also read yesterday I was up 700 before commissions but I was down 1300 after commissions because I was trading Cbio which as you might recall was priced at like a dollar and five cents. So I would buy fifty thousand shares. I would sell it for a thousand dollars profit, but every time I traded a hundred thousand shares I was spending like three hundred dollars in commissions. So I did that a couple times, racked up the commission's pretty quickly and finished the day down a thousand bucks.

Today I started first trade um was on a low price stock. Began with the Zvo I think it was made 500 bucks or 390. Small winner was uh in that with 15 000 shares back out but only made like two cents per share it was already getting choppy. I was like no this one's no good and then I started trading Gov X and I actually got myself up about 4 000 on the day, but I overstayed my welcome.

I went back in it for a second attempt at 293 dollars and who knows maybe by now it got there, but it popped up to 290 and then dropped back down to like 256. So I stopped out of that for a 3 000 loss. So that put me red on the day by a thousand. Then I got back in it.

uh let's see at 279 and stopped out with 40 000 shares on that at like 265 for like a six thousand dollar loss. And I also took a trade on Sp Rce and lost like 1500 on that or whatever it was. So I'm down eight thousand dollars closer to 9000 or even 10 with commissions added on. because again, today was trading lower price stocks with bigger share size.

So I'm kind of I feel deflated. I mean to be honest, I'm kind of like bummed out because this market has been just. it's like so cold and you know we just have. I mean you know, we've had just like a couple of green days I had I think one really good day last week and I finished last week up about twenty thousand dollars.

And then you know here. between yesterday and today I've given back half of that. so it feels like it's a little hard to make progress and kind of like what I was saying. Um, you know with with a lot of different industries trading certainly.

but with a lot of different industries, you know sometimes you just have something you're gonna have some years that are better than others and you know that's just the way it is. Anyone who's coming in hoping to get rich quick is going to lose no matter what. whether it's a hot market or a cold market, you've got to come in with the attitude that this is a marathon. I really want to do this.

I'm passionate about it and you have to be fully prepared that there's going to be cold streaks. There's going to be cold months, there's going to be even cold years, and then there's also going to be years that are better And you can't get the good if you can't stick through the bad. So you know I already had a couple great years in 2020 and 2021. So now I'm you know.

Coming up on a slow year here and making my way through it trying to keep my head above water, I was sitting at about I want to say 65 000 in profit on the month? uh, before today? So yes, whatever. So sitting around 55 or so all things considered, perspective is important and life is good. You know fifty thousand dollars is a fantastic month. It's also tax frequency in my retirement account.

This will be a good opportunity for me to remind you as always that my results are not typical and that trading is risky and most beer traders lose money, so trade in a simulator before you put real money on the line. Having said that, my hope is that we'll get maybe one or two really good trades this week. One or two good stocks, but so far we haven't really had anything this week yet. that's been really solid.

Gov X yesterday and today was Choppy. I'm right on it. Cbio was choppy, made some money on it, but nothing big. Uh, Vgxx made some money on that yesterday and today.

but again, nothing big and we haven't had a really obvious stock yet this week that was also really clean. I talked about the sort of five criteria for a stock I think to have a home run potential or the potential to make a big move. And so far I haven't had trade on a stock this week that met all five criteria. So it's not a surprise that I haven't made a lot of money.

It's also not a surprise that I'm red, you know, at the same time. Today I was up four grand and I overstayed my welcome. I could have just hit and run, shut it down, and been like that's it. It's 9 30 or whatever.

it was 9 45. I'm walking away with a couple thousand dollars in my pocket and instead I kind of pushed a little harder. I took a few more trades. It went from up four to up two, made my way back to up four, Then I was up only two.

Then I took a loss. I was down a thousand. Another loss. I was down three, another loss, I was down eight.

And now it's like okay, you've gone from up four to down nine or whatever. stop. Stop here and it's important. you've got to know when to stop.

Could I have stopped sooner? Sure. But I could have also kept going and been down 25 or 30. So I always stop. It's I sometimes think I should have stopped a little sooner.

but then of course there's other traders out there that I'm sure would have, uh, would still be sitting in front of the computer, hammering on the keys and and over trading. So you're never going to get perfect. You're never gonna walk away at the perfect spot, but you just have to know at some point that I gotta walk away the writing's on the wall. I gave it, I gave it a good chance and I even pushed it a little further than I should have and so I can't say that I didn't try.

I tried to rally back and I couldn't do it. So yeah, so that's it for me. Um, it's it's just disappointing. Uh, because you know I haven't had a lot of really big.

I've had two good green days this month. One was a thirty thousand dollar day and the other was fourteen grand and the rest of the month has been just sort of smaller. Green days. Today is my second biggest red day of the month.

The biggest one was twelve thousand or maybe a little more. And so today is eight and yesterday was a thousand. So I've I'm on my third red day of the month. Uh, which is actually below my four red day per month kind of expectation.

One red day a week. I didn't have a red day last week, but then I made up for it with two this week. So uh, you know that's just that's just the way it goes. But, but trading is hard.

and this is. this is the part that really tests you are these cold markets because you're not getting the you know you're not having that gratification of having big winners. You're grinding. It feels like you're fighting for even pennies, a share of profit.

And so it's not super easy. Having said that, I'm really proud that I'm sitting here green on the month, despite the market being as cold as it is, because my strong belief is that if you can make money in a cold market, you are setting a really strong foundation for when the market picks up, right? So you know I am making some money. not as much as uh, maybe I would like. But you know, uh, that's you gotta.

You've gotta adjust expectations if you're not able to adjust expectations and you're gonna find yourself getting desperate, getting frustrated. And I mean frustration. Maybe you'll find yourself getting frustrated. In any case, no one likes to have red days.

No one likes to lose. because and that's you know. I mean, it's like trading is like being a an athlete in a way. It's a performance sport.

No One comes to the to the court to lose. You come to win. and if you lose, you're disappointed. as you rightly should be because your job is to win.

Now your job is to manage risk. But you know you come here to make money. That's that's the idea. So there's a a good feeling when you win.

and there's a bad feeling when you lose. And it's the way our minds are wired. And certainly, trading is not an exception to that. So uh, in any case, I I do feel still still frustrated.

a little disappointed. but at the same time I'm trying to not let myself fall into the desperation where I'm trying to swing for. Hail Mary passes for where I'm taking a trade, leaving it open and walking away from my computer, praying that it goes up and just leaving it into the hands of the market as to whether or not it stops me out or I come back and I'm up. You know, 50 cents a share and that's that's not.

That's that's desperation that's swinging for Hail Mary's that's not sustainable. So I'm not doing that. which is good. And you know if you find yourself doing that, that's a really good time to say.

Whoa. Okay, you're getting really desperate. Why is it such a big deal to close the day? Green? Some days are just going to be red. Yesterday I you know was down a thousand after commissions and I was like i really well I like to be green and I had to remind myself like dude, it's a thousand dollars, It doesn't matter.

Stop being stupid, stop trying like don't It's not a good day, the market's not hot enough today. Leave it alone and today it's the same thing you know. I I did try to make back the loss and get myself back up. I thought Gov X was going to give me that squeeze through three and maybe it does and my timing was wrong.

or maybe my my idea was wrong and it doesn't. But in any case I took the loss and so I just said, you know what, Today is not the day. This is not the day to hold this and just hope it goes back up. Cut your loss, move on, come back tomorrow and I know what I'm looking for.

You know, as I've said many times, I've got my criteria of what I'm looking for. If I only traded stocks that perfectly met that criteria, The problem is that in this type of market, I wouldn't be taking a lot of trades. so I've tried to be willing to, you know, dabble a little bit and dip my toe in. But the problem is once you break the ice, if you go red, it's so easy then just to keep trading and then just to have a red day like today and yesterday.

So in hindsight, because nothing met my criteria five out of five of those criteria yesterday and today should I have just not traded at all. If I had done that, I would have two no trade days in a row. but I would have an extra ten thousand dollars in my pocket. So you know I.

I don't know. The thing is, last week I felt like I kind of started to break the ice and I was trading Sort of like not my A quality setups but I was trading some B quality setups and I did. I did make some money so that made me feel like okay, you know, maybe beggars can't be choosers? Maybe you do have to be willing to just trade what's moving and it might not be perfectly within my wheelhouse. but if it's moving, you know that's that's that's something.

so I'm not totally sure what the right answer is on that. um, I guess net. In the last two weeks I do still have profit from trading some setups that were not as good of quality and I would hate to have like seven no trade days in a row because that feels like that's you. You need to keep yourself sharp.

You need to be trading. but I don't know. Today today was cold, yesterday was cold but it only takes one so you know we could have. For all I know one of the ones today could end up making a big move in the afternoon or or already has.

or maybe there'll be one tomorrow that does make a big move. and if I'm there and I'm able to trade it, you know one trade like that can can make or break can make my month. If I manage my risk well and I trade it well, One one stock like that, you know it could break you if you mismanage risk. But so far 30 actually no, um, over 50 of my profit on the month is actually from one day.

One day. So one day was 50 of the profit and another day was 25 of the profit in terms of just the profit on those green days. So and then the remaining 25 is just kind of from all these little days. So you know, of course, a red day like today doesn't help.

but. um, it's kind of interesting when you think about it because it's just a reminder that you really, um, you know you, you. It seems counterintuitive, but you really can do very well if you can be patient. Um, you know I mean, I say you cannot.

I can do very well if I'm patient, but it's so hard to be patient. it's so hard for me. So yeah, I don't know, but um, that's kind of where I'm at right now. And uh, that.

that's my recap. So it's a red day. Uh, a little feeling a little deflated, Could really use the boost. Um, you know of confidence that comes from having a really big green day and it'll come, but it's not here today.

I want it. I could use it, but it's not here. So I I'm left feeling sort of deflated and the best way to feel better would be to hit that big winner like right now to go back to my computer, hit a big winner and be like, yes, good job awesome but that would be forcing it when the market's not. um, isn't set up well for for that type of thing.

So I just have to let it be what it is and remember that the market will be here tomorrow, so no reason to get bent out of shape trying to chase you know, something that's not there chasing the dragon. All right, So that's it for me. Reminders always. The trading is risky and my results are not typical, so I encourage you to take it slow if you enjoy this recap format.

Let me know. It's not how I typically do a recap, but I just didn't I couldn't bear to sit in front of my computer, I just couldn't do it. So this is a different recap today, but I hope you enjoy it and I'll see you first thing tomorrow morning. Back at it, Hopefully we have something on the Gap scanner.

It looks good. Alright, I'll see you then. bye.