What's up Everyone All right? Well, um, this is my second recap. I didn't upload the first one. Um, so my first recap was, hey guys, I'm up twenty thousand dollars. It's a great day.

I've got Green. Had a great morning. You know, a couple trades shut it down. Really Discipline, composure solid.

Well now we've got recap. Uh, part two: Hey guys, I gave in to Fomo again today. I traded Neuro uh and made about 3 600 bucks on it. I came so I left and ran some errands.

Uh, I had to go to the Dmv Department of Motor Vehicles. Uh, it's just like a pain, but it was there for a couple hours. Um, came back down here and uh, sat down to trade. Why? why why? why? why you know this right right away is like poor judgment.

Because when you have a good morning and then you leave for like three or four hours, you don't come back and sit back down your computer to trade. You keep the money in your pocket from the morning. That's it. You don't come back.

Why did I come back? Well um, neuro. It was neuro. I knew that it was squeezing up because around uh, 11 or so when I left, I had taken a couple trades on it. I made like 1800 bucks or something like that and I was like all right, this thing's this thing's moving and I had held a small position and just set a stop on it at like 4 75 and so I'm at the Dmv and I keep refreshing my phone, but there's like no service there and I refresh it.

I see it today, nice and then I refresh it again. it's like nine bucks. I was like sweet and then I was like all right I gotta get home and I refresh it and all I have on my phone is like a line chart but I saw that it had hit Um 10, had pulled back and was in this kind of like little consolidation. I was like oh man this looks good.

By the time I had sat down on my computer it already halted up twice. So then I bought the resumption on the out of the second hall and just sat down. was like actively trading again and that was a mistake for sure. Um, I did make some money on it.

Um and then I got smoked and you know I'm I'm net negative. As a result, I'm down 15 000 on the day I'm down 35 000 on neuro. I took a huge position. We got this ridiculous false breakout.

I was long for the break through 11, 11, 25, 11 50. it rips up to 12, then drops to 993 and halt's going down and I'm I'm in. So yeah, that was not fun. um you know, but in case you didn't already know, trading is risky and I know that and I knew the risk coming back.

But um, during the recap I'm going to look and a guy already did the recap so I know what I'm going to talk about or what I already talked about. So during the recap, I talked about afternoon trading in general. and it's a really tough one for me because generally it, um, it's not paying off for me, and I think it's for a lot of reasons: decision fatigue, uh, getting a little sloppy. Having a big account kind of allows me to average down and you know, do some things you probably shouldn't do.

and sometimes the market positively reinforces that bad behavior. and so you start doing it. And um, afternoons. You know, I sometimes catch some really nice winters and it's because it's happened a few times that's that temptation to go back.

You know, it's like I've gotten some really good afternoon winners. And look at this thing, it's going crazy. But then you know, I have other times like that where I take an afternoon trade and I just get crushed. And it happened a couple weeks ago on Carve.

I lost fifty thousand dollars. I was up thirty five thousand on the day and finished that day down fifteen thousand as well. So today's a red day recap, which makes it two back-to-back red days and I'm gonna have to be really careful tomorrow just to get in and get green and get out. Small account strategy, essentially, but you can trade that strategy in a big account if you're needing to kind of clear the slate.

trade a rehab. You know, whatever it is and after two red days, uh, that is necessary so I feel discouraged. Um, you know. But on the other hand, I think that these types of days are are good.

Um, they're good learning opportunities for me and for you. Um, I I hope that you're able to learn from some of the mistakes that I make. You know even after doing this for this long, if you get to a point where you become a profitable trader, you're likely to continue to make certain mistakes like I do. I, I don't know a successful trader out there who doesn't.

Occasionally, you know, send me a message Maybe that I know who's like, oh man, I can't believe I did this. And you know we're We're all human. We make those kind of emotionally impulsive decisions at times, or we give in to Fomo or whatever it is. So that's that's part of trading.

Um, one of the things that we talk about is how for a lot of beginner traders, we know that beginner traders lose money. Uh, that's statistically what we've always been told. The odds of success as a trader are very, very low. So for a beginner trader, one of the problems is you might have a couple days of profit and then you'll have one day where you go red.

You give it all back so you have three steps, four. then you make like 10 steps back. Now you're digging a hole, Then you have like three more steps forward and then another 10 steps back. and the hole just gets deeper and deeper and deeper.

And then you get to a point where you take three steps forward and you take three steps back. So now you're flat line. You know you go up, you go back up and back up. You're basically flatlining and that, um, although that that is can be an exciting time.

Because that's when you start to realize that you're keeping your head above water and that's usually what would happen before you start making progress. right? I mean, now again, for those that actually get that way through the learning that far through the learning curve, who don't blow up their account, who do stick with it, who have the mental aptitude, the physical skills, and everything else that are required to trade. But that's what the progression I think usually is. It's you know, first losing, then breaking even, And then you know you're doing four steps forward and three steps back.

and then six steps forward and four steps back or whatever it is. But you're You're starting to then make progress. So it doesn't mean you won't still have days like today where you have a red day and you're like, man, I overstayed my welcome. That was stupid and usually the right thing to do after that is to go back to basics.

So for the next you know, four or five days, you can start the process of rebuilding, and then inevitably, after five or six days, that red day's like water under the bridge, you're not thinking about it anymore. you start getting more confident, a little more aggressive, perhaps a little complacent depending on the market, and you might you know, roll into a really nice hot streak. But then you get, you know, a big loss, and again, it's like, all right, that was ten steps forward and then you know, three big steps back. Okay, so then back to basics again.

start tightening up until you're back through. And you know that's the same thing I did earlier this year when hundred I lost thousand dollars in one day one day and it was on my birthday. So you know, Uh, I ended up losing about three hundred thousand dollars over the course of a week and I had to press the reset button big time. And I was like, okay, so until I make back half of what I've lost, so half it's got to be just like super disciplined Trader Rehab.

Small size in out quick. That's it. Once I get that far, then I'll have some confidence, then I can start to increase. And I did my, you know, I made it back, but um, recovering emotionally.

Uh, can be half the battle. So tomorrow I have to be a little bit. Um, you know, I have to guard myself a little bit on preventing more emotional decline. You know, because that would be the result of another really big losses emotional frustration.

So there's a little bit of kind of having to manage emotions and trading and keep yourself out of areas where you're likely to fall into an emotional trap. And today, I fell into a trap similar as last week. or maybe it was the week before. But yeah, it's It's part of trading.

Easy come easy go. Trading is risky and you know it goes without saying, but you shouldn't try to blindly follow me or or anyone else for that matter. You've got to learn a strategy and you shouldn't ever trade real money until you put money. Put some time in a simulator, and proven in a simulator.

You can make money, because if you can't, you know trade profitably in a simulator. You shouldn't even be touching real money. I mean that that's just the way it is. so there's a right way to get started.

And then there's how pretty much everyone else does it, including me as I got started. But I would hope that you can learn from some of our mistakes from those who have come before you and creating a simulator. So anyways, I'm going to do the recap. Well, I already did, so we'll go into the recap.

I hope you enjoy it. It's a red day recap but in a losses lesson and I'll be back on um, tomorrow morning. Back in the saddle as always and hopefully we have, uh, you know, some good opportunities and I don't know, but regardless of what we have, I'm just gonna have to be really kind of just get green and get out so that's just where I'm at. All right? That's it for me.

Hope you have a great rest of the day and I will see you first thing tomorrow. What's up everyone? All right? Well this is recap. Take two. I can't believe it.

I was up Twenty thousand dollars on the day. Um, I had a a great day going and then along came Neuro and Uro and I sat down and took this trade right here. Nice dip. entry off of 10 30 added into 11 11 25.

it breaks 11, 50 hits 12 and then halt's going down at 9.93 What a slap in the face look at that 10 second candle. It was like it broke and then straight down. I I haven't seen one of those in a while. I mean that was just ridiculous.

It went up a dollar and then dropped a dollar and I got, I got stopped. I got stopped on it. Uh man, what a disappointment. Unreal.

So I'm down. uh, 15 000 on the day I was read 25 yesterday or whatever. it was 24 23. So it's gonna put me down forty thousand dollars in two days.

Easy come easy go. it's it's just. I mean, what are you supposed to do with that? You know. The fact is, Honestly, I think more than anything it just speaks to the Fomo of afternoon trading just getting caught up in that afternoon chop and I shouldn't have done it.

I was up 20 000 on the day. When is enough enough? was that not already a great day? You know the problem for me is I sat down and I saw neuro. Um, you know up this much and I thought, you know what, It's a nice consolidation pattern right here. Which is true.

It was. It's not. It was a nice pattern. Nothing wrong with that.

Um, looking for a move back through the highs? You just. you just don't expect that kind of rejection. You just don't. And I didn't expect to lose over a dollar a share on this.

1.50 a share. I didn't expect that to happen. So um, you live and you learn. Easy.

Come as you go. Trading is risky. We know that and I sat down here well aware of the risk and I took that trade anyways. You know I I thought that the risk reward was good on it.

I thought we had a good shot at that squeeze up to 12.. And man, I just got nailed on that false breakout. That was a bad one. So I am still green.

Uh, five thousand dollars in my main account. but I'm read 19 in my retirement account. Just totally nailed. So boy, such a bummer.

Um, but what else can you do other than just brush it off? It is what it is. Um, nothing I can. You know I'm not going to keep trading. I'm there's no way.

I mean, what's the point Today, I'm not going to try to make it back. I'm just going to let it be what it was. I, you know, and sadly I actually, um, I had profit. I'm I had Pr.

I was green on neuro by about 3 600 bucks. That's the thing that's kind of most annoying is I was green on it. I traded it in this area here before I went to lunch and I was up 3 600 bucks on it. So I was up like 23 000 on the day and now I'm red on it in both accounts.

and just you know that Fomo I I came back for more and gave back my profit. Took too much size and man got smoked. So you know if that's not a reminder of easy come easy go, I don't know what it is, what it would be. I had a great morning and gave it back in the afternoon.

Now fortunately the small account is still green. uh by 130 dollars. so I didn't go back in and do anything there because the small account approach is one trade a day. But here in the big account, I really, uh, wrecked my day and so now I have two red days back to back.

You know, I was green Yesterday, I was red yesterday and I was green this morning and then gave it back. So now I've got two red days back to back down. Forty thousand dollars in two days? That really sucks. Um, that's no fun.

so that probably takes I don't know 25 of my month away right there in two days. I mean, I don't know exactly where I sat on a month, but probably at least at 200 000. So losing 40k in two days is a a big drop. But you know we'll still be up well over 100 000 on the month and will no doubt recover this loss.

I recovered all of yesterday's loss, this almost all of it this morning, but I came back for more. I got greedy. I saw this big move and I wanted another piece of the action. It's A it's a sickness is what it is.

an inability to to fully walk away. You know to sit down and look at the charts and the next thing you know you're back in. It's uh, so hard for me. it's it's my biggest struggle.

I. I can't imagine how much money I've probably lost over trading. You know, if you add it all up, it's not just afternoons, but just over trading in general. I don't.

I can't imagine how much money I've lost over trading. but a lot. On the other hand, you know no reason to beat yourself up more than necessary. There are some days where over trading does seem to pay off, and I suppose today, if this had gone to 12 50 and halted up, maybe we'd be, I'd be sharing a different story of how I just made 35 000 on that afternoon trade.

So easy come easy go. I got the wrong side of this one and there's nothing I can do about it now. Just best to cut the loss, rip that band-aid right off, and live to trade another day. So I'm down fifteen thousand.

Uh, being down fifteen thousand is not not the end of the world by any means. Um, what's disappointing is that I was up twenty and now I'm down fifteen. And and what's annoying is the embarrassment of I'm the guy who's red on the stock that's up 200 percent. Wow, that's humiliating.

Really screwed that up. but that's that's trading. You know that's how it sometimes goes, so you got to just brush it off. And tomorrow, you know what's the plan.

So you know tomorrow. I don't want to have three red days in a row. So tomorrow I've got to be really careful. I really do.

I've got to be really careful and I'm gonna have to see. The thing today is I just I shouldn't have come back for the afternoon. but I, you know I was already up nicely on the day and then this was obviously moving and I thought, all right, let's just let's go for it. I think it's going to rip so I'm not going to be able to take that that type of trade tomorrow in the afternoon.

After two red days in a row, there's just no way I could afford the risk of having a third red day in a row. I just I can't So tomorrow I'm gonna have to be really disciplined, get aggressive early, and then get out. And if I can finish the day up Ten thousand, 15, 20, Whatever. Whatever it is, that's fine.

Even if it's up only a thousand, I just have to get green and walk away and not continue the red streak. Very, very disappointing to go from up 20 000 to down 15. that's that's not fun. although you know it happened to me on.

um, I can't even remember what stock it was, but it happened to me. Um, the other just a couple weeks ago on was it carve? I can't remember. Um, but it was. It was something kind of similar.

I ended up losing fifty thousand dollars on it in the afternoon. Um, and I went from up thirty five thousand on the day to down Fifteen grand. Sucks when that happens. Uh, and that's that's the reminder to you guys.

you know, learn from the mistakes I make. Yes, I've been doing this for a long time. I would like to think I'm at an experience level where, um, oops, looks like I just lost connection there. Um, interesting.

Well, uh, but you know I'd like to think I'm at an experience level where I wouldn't keep making um, you know, kind of just stupid mistakes like this. I think that the hard thing about trading is is just always that feeling of, well, if I'd been green, it wouldn't have been a mistake, right? You know? Yeah, I guess it was an afternoon trade, but if I'm green, I'm green. It wasn't a mistake. So there's that.

There's the challenge where the market reinforces your behavior. Sometimes it positively reinforces bad behavior like averaging down. Or you know, maybe I'm still holding. Let's say, the whole position and maybe it ends up going back to 13 by the end of the day.

And I'm like green. That doesn't mean it was the right move by any means, but the market would give you that positive reinforcement for a really poor decision. And that's probably the worst thing about trading. You know, if I never ever made money in the afternoon, of course I wouldn't do it.

You know, if I never made money on this pattern, I would never trade it. But this pattern has paid me before and I took a stab at it today. It was the right move to trade this late in the day? Probably not. Was it the right move to trade with as much size as I took? No, definitely not.

You know, but on another day it might have ended up paying off. and then you have that sort of conflicting reinforcement. So it's a real challenge. And at the end of the day, what you really have to get uh to a place of is being able to enforce um, discipline on yourself and to be able to say listen, this is these are the rules I of how I trade and I don't break them right now.

I don't know if I don't have my trades imported for the month of, um, uh, for the month of July. so I don't actually I. I've mentioned this before, but I don't actually know where I sit on the month of July right now. I kind of didn't want to know uh for this reason, right here is especially because you know now I'm going to be benchmarking.

Oh, I was up x amount. Now I'm up only x amount when the fact is, I'm still in really good shape. So uh, regardless of losing 40 000 in the last two days, I know that I've had a really good month and I just don't need to know the exact number. But in terms of afternoon trading, um, you know it's it's one of these things.

These are my trader view reports here. This is for a pretty long period of time. Um, you know, But you see so consistently that I make so much more money at the open. And you know, just Peter's out in the afternoon.

I mean, it's not to say that I don't occasionally hit an afternoon winner, but uh, it looks right now you know. 83 000 red after hours? Um, let's see what was that. 83 000 green? So those two cancel each other out. Um, so that's after 2 Pm.

So after 2 p.m there's no point. I mean, based on my metrics and then there's minus 80 and then there's another minus 67.. So currently, right as of right now, I don't make money trading in the afternoon. Sometimes I will, but you know what I make, I'll end up giving back.

Now you know that that's a long period of time. If we tighten this up to, you know, just 2020 one, maybe we would find somewhat better metrics. But no, not really. Honestly, not really.

You've got some huge losses here in the afternoon. In fact, it's even worse. And you know what? I would speculate. It's even worse because I've gotten comfortable taking even bigger size.

And when you catch one of these with 25 000 shares, it's pretty. It's pretty nasty, you know. So bigger size has resulted in bigger losses. When they go the wrong way, a bigger account means sometimes I get a little stubborn I don't want to cut the loss.

And then it snowballs. It gets bigger and bigger So I suppose I should probably just say at this point I don't trade past noontime Feel like I've said that before and every time I see a stock make this kind of move. after my noon time cut off I say, well, what the heck am I doing stopping trading at noon, stock's still moving. I should keep trading it.

But as you get later in the day you get more prone to these false breakouts, uh, or news coming out even like you know then that can always. That could be devastating. You know, God forbid something like this comes out of a you know, an offering priced at like five dollars with 25 000 shares. You you're talking about potentially 100 000 loss 250.

I mean it could be really really bad so I don't know. Live and learn. I hope you learned from some of my mistakes, some of my losses. It's a red day.

Recap Two in a row. I'm I'm discouraged. Uh, but you know I'm down and I'm not out. I will be back.

I'll be back on the horse tomorrow. I always get back in the saddle. I've this has happened to me so many times I've you know it's I just get used to getting knocked around by the market. You win some you lose.

Some trading is risky. Uh, just never never feels good. It's not fun, but uh, I'm already. you know.

Totally over the 50 000 loss. And when was that, um, that was on carve? That was about a week ago. Um, my, my metrics are saying let's see that that it was about, uh, one week ago that I had that loss on carve. So um, I finished that day down 15 grand.

But I lost 50 grand from my high down to -15 So you know within two, three days it was water under the bridge. I'd actually completely forgotten about it. And then I just noticed it on my Youtube recaps. Um, had a couple great days last week.

Forty thousand, Forty two thousand. Um, finished a little slow. Seventeen thousand I think on Friday. Nine thousand on Thursday.

So like 25 to 26 000. down 23 Yesterday, down another 15 today. Well, you know I could always keep trading right now. my account's still green.

I'm not below max loss, but I'm making the conscientious decision to shut it down to close the charts and live to trade another day. You never want to empower one trade. Um, you know, with the capacity to ruin your month. So down 15 grand, I'll bounce back pretty quick.

I'm I have no doubt about that. but you know it's It's disappointing because it's gonna take a couple of really awesome trades and those awesome trades rather than really being like profit is just kind of recouping loss. Which kind of you feel like, oh man, it's such a bummer. Just like that, you know, down, you know, whatever it was 35 000 on, um, those trades on Neuro.

Um, you know for me to hit a 35 000 winner. I mean, that's a big winner. Usually it doesn't. It doesn't come in one trade, it's going to be.

You know, a bunch of really good trades and so it's going to take some time to get back. Uh, that loss. But you know it, You can't focus on that. What you have to focus on is just putting that behind you.

And so just to kind of, um, you know. recap this for just like a quick second. So one of the things that um, you know traders often ask me is how do I? How do I regroup after a big loss? Like how what's the process and the process for me is what I just did. which is looking at my metrics and drawing a conclusion.

So I looked at my metrics and I drew a conclusion that trading in the afternoon is not paying me. That's A. That's a very obvious conclusion. So there's a part of me that is not quite willing or ready to accept it because I see stocks moving the afternoon.

I of course have made money in the afternoon. But then I have these like outlier losses that just become huge and in net those have exceeded how much I've made. So part of me is like well can you just stop with the big big losses? That's easier said than done. So the the fastest solution would be just you're done.

No afternoon trading. That's it. Don't do it again. Don't look at charts, don't check them.

Don't just totally block it out, You're done. It's just I. I'm I feel like I I. I guess I don't like that.

um that particular kind of, um, finding because it, um, because I feel like I I mean given the fact that I was green on nero before I went red, it's like I know I can make money in the afternoon. I just, um, I need to be maybe a little bit more. um, cautious with share size or I need to be a little bit more careful with false breakouts. Uh, you know.

but some of those things like you know, cautious with false breakouts, false breakouts, and afternoon trade and go hand in hand And share size is so hard to restrict in the moment because you think something looks good and then you size up and then then you lose and you're like oh man, it took too much size. It's so hard in the moment to kind of for me to regulate share size. So really the the best move for me um is is pretty much to go all in. Um, you know, with what I know works which is trading the morning and maybe if I really want to make a commitment to trying to trade in the afternoon I think I need to do it in a little bit of a different way because this was a perfect example of kind of haphazardly sitting down at 3 p.m and being like, oh, that looks good, I'll take a trade, you know.

But I I didn't trade from 11 until until three or whatever it was, so I missed this huge window of afternoon trading where it actually traded pretty well. I I got in for the first or for the worst falls breakout. That's just the luck of the draw, but it's kind of like you either go all in or you don't. You either trade all afternoon or you don't do it at all.

You can't just go run errands and then come back. Sit down, you get you. just that's not the right way to do it. And um, I, I feel like I should know that by now, but it's It's such a hard one.

So you know, if I was gonna make a new rule for myself? um, you know. and I have a couple of trading rules, you know that I try to follow. I'm not always good at them. The giving back half my profit is a really hard one for me to follow, because when I give back, um, half my gains immediately, it's like I'm already emotionally hijacked.

I'm hijacked. I'm like, oh, well, I just gave back half. Screw it, I'm already giving back money. Might as well just go in.

And this trade either gets me back to whole and I feel great or I lose more. Well, I already feel terrible. So how much more terrible will I feel that? It's like a really weird kind of, um. mentality.

And and that's the you know, that's the emotional stuff. So um, so you know the problem is. um, so I'm gonna say no, um, no coming back after I stop. I think that's kind of the big one.

Like no coming back after I stop. So if I call it a day and I say I'm done, what's the what's up with focus right here. So if I go away and I say I'm done, I can't come back. You know, I just got to say that's it.

I'm done. So no coming back after I stop because you just get out of the kind of groove, you lose focus and you know you're just. you're not. You're not dialed in.

Um, and then you know number two In terms of afternoon trading. You know I? I don't know. I mean it's a it's a really trick tricky one. I think the right move for me would be to say no afternoon trading, but certainly don't go away and then come back because that's that's where the problem is and then giving back half the gains.

It's still a pretty good rule. but anyways. I I don't need to break it all down and kind of a little indifferent on it right now anyway, so I'm not going to write out a whole set of things I'm not sure I'm going to stick with. um, I have to think about it a little bit more, but man, what a disappointing day that that is.

Um, for sure. And usually the way I recoup after that kind of day. emotionally. I sit down, I look at my metrics I try to try to draw a conclusion about.

You know, what should I do moving forward So you know. Okay, no coming back after I stop. Probably no afternoon trading things like that. Uh, and then I say, okay, All right, so that's good.

Now look at my metrics from the last. Um, you know, whatever it is the last six weeks, you know they're good. I'm making money all right. So these couple of red days are a little bit of an outlier.

I need to go back to doing. You know what I've been doing here. Focusing on good trades, good setups, morning nothing in the afternoon, and stay focused so you know that track record is always a confidence booster and then I come back. You know, whether it's day two or day three and I just say all right, get green And sometimes it means going back to base hits or going going back to like one trade a day, just get green and then shut it down because tomorrow I'm gonna be a little emotionally vulnerable after two red days.

If I get in something and I start going red, I'm going to be like no way. So the instinct to average down, get aggressive is going to be really strong, so I got to be really careful tomorrow that I don't fall into that emotional trap. So get green, get out, and that's what I'm going to be doing in the small account and I might want to kind of do the same thing in my big account. One trade, get green, get get out, and just clear the slate of these two red days back to back.

So anyways, that's the game plan. Thank you guys for tuning in. Um, disappointing, but within a loss is a lesson. I hope you learned something from it and I'll see you guys tomorrow.

I hope you really enjoyed that video and make sure you hit the thumbs up and subscribe to the channel if you haven't already. Our goal is to hit 1 million subscribers this year, but we won't get there without your help. so please, please, please hit that subscribe.