What's up you guys? All right? Well um, today is a red day recap and I shut everything down because I was like I don't want to look at charts again. I'm frustrated. I'm read on three out of the three stocks I traded, which is not good. I'm down on the day, not at my max loss, but it's a good size red day so I shut everything down.

I'm gonna bring it back up here to do a quick recap, and then I'm gonna shut down again. And I'm not gonna look at charts for the rest of the day. This is a strategy of trying to kind of de-escalate when emotions sort of rise up because for me today. So for instance, I started early this morning.

I sat down early, was looking at the market and it was not a good gap scan just like yesterday, but the S P 500 was dropping pretty hard and I started thinking okay, maybe there's an opportunity to trade the overall market. So at the open I hadn't taken any trades pre-market but at the open the S P comes up to V whap and I shorted against the volume, weight, average price and it drops down and then it whips up through the V web and I lose 7 000 bucks right away on that first trade and you know it was like wow That was quick and the market can move fast and so immediately got myself into the red on S Qqq which was trading uh it goes up if the market goes down so kind of dug myself a hole on that of 7 400 which felt sort of unnecessary. Now that the charts are up, I can show you the screen. So S P 500 at the open? um you know I mean it's just so stupid, but whatever.

So the market had sold off coming into the open. we were right underneath the volume weight, average price and I was like okay, it tests the V-wap at the open on this green candle and then it starts to roll over. So I got short right away and if we look at the 10 second chart you'll see how it started to dip and I was like okay, right it's right off the V web, we're dipping and then it just rips through and so right there I lost seven grand. All right.

So then it drops down and I would have been up seven grand if I had held but because it ended up false like breaking view out but then rolling over going way back down here I would have been up seven thousand but I didn't hold and then I saw it come back over V Weapon right here around just under 400. I was like okay, maybe I should go back long the market and I was like you know what dude, don't do it like you're the The whole bias that I had was a short bias, break of up, rollover, and possible capitulation, selling off through yesterday's low and so when we didn't get that, that doesn't mean I should flip and just go long because I don't want to be trading the market unless it's going crazy. And the market today. You know, Yeah, it's bouncing off the low, but it's not going, it's not doing anything crazy.

So anyways, I could have gone long here and made a little bit, but whatever. so I didn't do that. So the problem today is that I kind of broke the ice with my first trade and I went deep into the red. right? I got.

You know, seven thousand bucks is A. You know it's a good size loss. So then I was a little bit more likely to jump into the next stock that started to pop up, which was Bwv. So Bwv starts popping up and I took two trades on it.

The first trade was at six dollars. uh, right here which was a 65 dollar winner. Stupid, It sells off, then it comes back up. false breakout there.

I didn't trade it there, it goes higher, goes higher and I finally got in it. Um, it was actually right in here as it started to pull away and it pops up to 75 Or it pops up to 60. And there was a big seller and I was like, you know what? the second I get in there's a big seller. Forget it, I'm I'm bailing out.

So I bailed out, took a thousand dollar 1200 loss on it and it ends up going a little higher. but whatever. And then there was Rdbx which had news out this morning. um of a merger buyout with um.

chicken soup. Cssc is the stock and you know this thing I. I just was like I don't know. It's weird, it's dropping down 50 and it ended up rallying back up.

And you know me. Of course I've managed to lose money on it so I just wasn't dialed in. I didn't trade it early on. I was like I don't trust it.

I don't trust it. I tried to buy at 5 15 and this gave me big Fomo because I tried to buy 20 000 shares at 5 15. my order didn't fill and it goes right to 568.. that could have been a 10 000 winner and just like that, today's a small green day.

Recap it then resumes and I tried to buy the dip here at 550. Half dollar support and it pops up for a second. I was looking for the curl back through six. it ends up flushing.

I didn't get caught in the hall down, but I sold and lost three grand on that. and I was like, you know what? All right, that's it. You're right on. Three out of three, you're down eleven thousand, seven hundred bucks.

Throw in the towel, you're done. So and this all goes back. Like what did I just literally say yesterday? Have the discipline and patience not to trade and then look at me schmuck than I am I. I'm over here trading these, you know, trading the overall market.

which is, I took too much risk on that trade, lost too much money, Then this stock drops 50 percent, then rallies back up. I managed to lose on Bwb low relative volume, desperation started to set in right and frustration started to set in, and it all stems back to that sort of first trade that went wrong. You know it's good to branch out, and I have had days where I've traded the overall market when the overall market is doing something really extreme, which I thought it might do because we had the Cpi numbers this morning. it was sold off.

came back with the V web and I thought we were going to roll over again. So you know I was wrong. but I took too much risk on that trade and I didn't I didn't think I was risking that much, but all of a sudden when we got that swing like I was down and it was, You know, Whoa. Okay, that's not good.

So now I'm down on the week 10 grand, right? I was up a thousand Monday and 700 yesterday. So down 11 700 today. So I'm down 10 grand on the week and it's my first red day of the month. So you know I'm a little annoyed and it was totally avoidable.

This should have been a no trade day. Really? You know, I mean Rdbx. Maybe I should have jumped on it sooner, but it's a weird setup. You know that sell-off on the news and then the rally back up? It's a weird setup.

It's not my go-to setup by any means, so I probably shouldn't have traded that one at all. And maybe I would have been okay with not trading at all had I not been already down seven thousand. But here's a problem and let's talk about this for a second, because this is something that came up during um, A Q A session I hosted yesterday. You know that That question.

Ross, I tend to hold my losers too long and I sell my winners too soon. Why am I doing it? And the whole thing is that it's a fear-based action. You get scared that a small winner is going to disappear and so the you. When you have that fear, the way to resolve that emotion is to eliminate the fear.

So how do you eliminate the fear that the small winter is going to go away? The action is to sell immediately. That way you don't have the fear anymore. You booked the small winner. So you take an action that's driven by this emotion of fear.

and the result is that your winners are small. Now, on the flip side, you get into a losing trade and it starts selling off and you're afraid that it's going to be a loss. Now, until you press the sell button, there's always hope that it could rally back up. And so your fear of losing actually results in an action of holding the loser longer.

Because until you press the cell button, there's always hope that it'll turn around. And that's how you get big losers and small winners. So if you're trading from an emotional perspective, where your decisions are based on this emotion of fear, you're going to find that you're holding losers too long and your winners are, too, are small. You're selling them too soon.

And so the way to kind of, uh, move away from that emotionally reactive trading. Number One scaling down. So like today, I went with nine thousand shares on my first trade and dug myself. A dollar a share hold just about seven thousand bucks.

That was too much size. I shouldn't have gone that big, that was. that was too big and it. I went in real quick and it was somewhat impulse.

but it was too big of a trade. So scaling down because when you start trading with big size, the emotions get bigger for sure. and this isn't really the best market to be doing that in. So size down and you can scale up over time.

But size down, trade with smaller size and try to just focus on actually following the rule of your strategy. I mean, it's hard enough, even trading with just normal size to follow the rules. So when you're doing when you're trading with size, it's too big. It's even harder.

So during this kind of market that's bearish where you're struggling a little bit size down and you know I did look for opportunities to the short side. today. I tried to trade the market to the short side and I lost um, Rdbx Bwv. neither of them.

I really looked at too much on the short side. Uh, there was a couple others I was looking at, but I just I just didn't see the setup. So anyways, that's it for me today. Just gonna shut it down here.

Let it be what it is. It's a red day. So breaking the ice with my first red day of the month now that it's under my belt, I can, Just you know, whatever. Some sometimes I get into this mindset of like maybe this will be a month where I don't have a single red day.

Like it doesn't even matter. It's like being in a marathon and you're just trying to. It's like it's so not the point being in a marathon and running and being like I'm gonna try to do this this like leg of the race without stepping on a single crack in the pavement like what Like, It doesn't matter what are you doing, you're being stupid. So stop thinking about it like that.

you're totally getting yourself. Next thing you know you try to step over crack and you fall and twist your ankle and you're out of the race and someone's like what happened. I was trying not to step on a crack and they're like wow, you're an idiot. So that's kind of how I feel with my trading today.

But um, anyways, whatever it is what it is, I'll be back at it tomorrow. Just you have to just brush it off. I mean, this is part of being a trader. You have to be resilient.

You have to be able to shake it off. Come back. You're going to get knocked down If you get yourself so bent out of shape every time you lose that you're you know, in tears and you're crying. This isn't for you.

And listen, I I know that there's people out there that cannot stand. They're so torn by loss and you know on on the spectrum of torn by loss or have no care. Whatever. The people that have no care, whatever are the people that could be very reckless, potentially with money because they just don't care.

And and that's I don't think the good spot to be either. So you got to be somewhere probably in the middle. I'm actually probably more on the side if I get more torn by the loss than I wish I did. I wish I could just like not care at all.

But but real in reality, not caring at all. actually wouldn't be good. so you have to be somewhere in the middle. But if you don't like where you're at, be mindful of it, develop that awareness and start thinking about how can I bring the emotion down a little bit? All right.

Hope this has been helpful. Red Day Recap: First of the month first in a couple weeks now, but that's okay. Uh, it was bound to happen. So here it is.

Thank you for tuning in. I hope you hit the thumbs up. And if you want to watch a couple more Red Day recaps, there's a doozy right here. 275 000 in one day.

worst day of my entire career that right there. And uh, what should I put down here? I'll I'll put another video down here. I'll think of it in a second. but check it out if you're interested in watching a couple more videos and I'll see you guys back at first thing tomorrow morning and remember, as always, hold up.

My trades are, uh, my results are risky. My my results. Well, my results are uh, that I don't suppose. suppose they're so risky, but they're not typical is what I was trying to say.

So take it slow and don't blindly follow me and train a simulator before you put real money on the line. All right, check out those two videos right up there and I'll see you guys first thing tomorrow morning.