All right guys. So I'm back here finishing the day. Day 36 of the hundred thousand dollar challenge down three thousand, Nine Hundred and Thirty dollars A very frustrating day I was not getting really clean resolution on any of the trades I took one of the trades that took sgy I would ten thousand shares I was up about three thousand dollars, didn't take the profit I was looking for a bigger move ended up turning into a loss. one of the things that you know I've tried to avoid doing for the most part you know I tried to keep the stop tight at breakeven we dropped down to the whole dollar.

my average was 708, we dropped down to seven dollars and I was kind of like well let me just give this a second and then when I hit the market, order to you know to bail out with a ten thousand shares I got slippage. so I ended up being $2,100 loss which is just incredibly irritating. And then that was followed by a thousand dollar loss on pH MD and a thousand dollar loss on Aoi which both of them were frustrating. A Aoi maybe more frustrating because I had the right idea and it ended up running two points after I got out.

but you know this is the luck of the draw. It wasn't a clean break out, it was the right thing for me to do to take the loss. I was a little early on my entry so for those of you watching on Facebook you can see there's my PNL today down thirty Nine thirty. So I started the day with seventy six thousand, seven hundred fifty bucks in the $100,000 challenge and obviously on Monday I'll be you know, four thousand dollars lower than that.

So around seventy two thousand. The good news is that I still have a net profit on the week of about six thousand dollars last week I made twenty thousand. So this week making six thousand is definitely a smaller week. but you know at the same time this is part of trading.

Some weeks are going to be really good. some weeks are going to be a little bit slow as long as you're you know, moving in the right direction. That's what's important because this is the end of the week. I'm going to break down my weekly stats and then after that we'll go into the recap of today's trades.

So I'm going to go here into Trader View and just show you my stats. This is up through this is up through yesterday. It does not include today's losses. those will get imported on on Monday So before the loss today, the $4,000 loss I was up.

had a profit of about 76 thousand dollars. Largest gain since I started this challenge. Ten thousand largest loss 5,500 Commission's have been 2,000 plus Ecn fees 3900. So about six thousand dollars in commissions and Ecn fees with 79 percent accuracy.

So really pretty solid accuracy. Profit loss ratio is not good because of the fact that the losses I've had have been pretty big. I mean they have been I've had 80 winners and 21 losses, but those 21 losses have all been fairly brutal. So you can see here for those of you on Facebook this is where things are looking for the hundred thousand dollar challenge.

So I guess as of today I'll be about 72 percent of the way there down from seventy-seven percent. but that's okay. Now if we look at the overview here top left. this is the overview for the last 30 days.

I'll just change it to sixty days and you can see here how I had you know the very beginning of the challenge. Really small days, one hundred eighty seven dollars, you know, 150 150 under fifty three like small winning days and then finally I got that day where I surged up, made 1,700 bucks you know I had finally got a really good day, a little bit smaller day, another big day and then I got this day that really just opened up the account that $7000 winner. But it was followed by my first red day I got a little overconfident, bounced back aggressively $15,000 winning day and so you can see here in total I've had Now today will be the 6th red day. So when you look at the P&L you know you see these moves up.

A little bit of a pullback. another move up. A bit of a pullback. A move up pullback.

move up. and this will be a pullback. And that's what almost every equity curve looks like. For any trader, you move up and you pull back.

So in the last five or six days of trading, I had about fifteen thousand dollars of profit and now in the last two days I've given back 4500. So you know that's kind of like three steps up if each step is five thousand and one step back and I can handle that. So that's sort of where I'm at with my stats here for you know, the month. Well, this is since January first, so that gives me confidence even in the shadow of a red day.

Yes, this is a red day. I Don't like having red days? Nobody does. But if you're going to try to aggressively grow an account from 500 dollars up to a hundred thousand, you've got to take risks. and sometimes you know luck.

it's not going to be on your side, the markets are not going to be on your side, and you're going to take some losses. Having said that, there are of course things that I can do and then every trader can do to minimize those losses as much as possible. so we have to understand risk. Every single trade that I take carries a risk and there are some days where the market is going to be.

It's just simply a riskier environment for me to try to trade in. and I think today was a riskier environment. And that's probably exemplified in the fact that I'm red on four out of the five names that I traded right now. and this is what I talk about a lot.

When I'm when I'm hot, you know I'm I'm green on six out of seven names or seven out of seven names. and when I'm off and just not feeling it I'm red on almost everything. So you know today's a day where I was aware of that trend that I was already read on. You know two out of three names took a trade on pH MD and I'll break down the trades, but you know these last two trades pH MD and a oh I both thousand dollar losses.

I actually didn't think I would lose that much on either of them on both of them I thought they would be small winners or maybe small losses and they just kind of got away from me. And maybe that's because today just wasn't a great day to be trading. So I could have minimized my loss today by not taking those additional trades for all of 2016. I traded with a max loss of $1,000 which meant not that I wouldn't have lost as bigger than a thousand because I did.

but it meant that if I was down more than a thousand, I couldn't take an additional trade. My account had a restriction for my broker and now since I've been kind of swinging for the fences and having these really big P&L swings, I've increased that max loss to 5,000 and I think that that's that's fine. I've proved on on one occasion so far that I can trade from in the red back up into the green or that I can trade from in the red to you know, not as badly in the red and that's definitely you know a good thing actually. I did that yesterday as well I've done that twice I did that last Wednesday the 15th and I did it yesterday the 23rd.

both of those days I went kind of deep into the red and then worked my way back out I didn't get out a hundred percent of the way I closed both those days red. but I did reduce the loss so I tried to do that today and today I made the loss a little bit bigger but I didn't you know? I I kept it within reason and I think that that's that's fine. So to go over the trades from today, you know I was a little bit hesitant this morning because I really didn't see anything on the watch list that I liked that much. we had pul em which was my best trade of the day.

I Really, this was the only trade that was good, was clean and that I would stand behind and say yeah I would take that trade again. Long over 420 right pre market highs. Actually it was just we had a spike here. but resistance here on the daily from yesterday's high: got in for 25,000 shares, sold it on this spike up.

very clean. easy trade, no stress, 720 bucks I should have called it a day. with that, you know I mean that was a great trade but after that trade I got into Sgy and this one was really kind of disappointing because I took 5,000 shares at 690 and then I added 5,000 on a one minute pullback at 7:30 and that ended up being a mistake because now I had 10,000 shares with an average of 708. So I'll show you where I added I added 10,000 right here on this one minute pullback and you can see how this is a 1-minute pullback.

This was a logical place to add. I Was looking at the daily and thinking this has room up to $10 It's a former runner. it's got a history of making big moves. You can see this day here where these couple days where we went from 6 dollars up to 12 dollars so it was the right type of setup to do that on.

We popped up from 7:30 up to a high of 750 resistance at the half dollar and you know right there I was up 4,200 bucks. If I could have sold on the ask, that was $4,200 profit I was preparing my orders to sell on the break through the half dollar and I also had the back of my mind target that if we could get through the half dollar, we might get to 775, 787, 85, 798 dollars. Unfortunately, we pulled back in one minute in a one-one minute candle all the way down to 708. you know? So this is one of those times where 4000 dollars of unrealized profit disappears awfully quickly and I go down to being breakeven and at that point I was kind of like okay, well you know this is stock is still shown incredible strength today I'll give it a second, let's see if it bounces back and it went to 706, popped up to 729 and then I started to think, you know what, try to just get out breakeven, just try to get out breakeven don't try to turn this into a winner I put my order on the ask, it's 7:08 7:09 I didn't get anything filled and then in this candle here we drop down to 692 I was like I gotta sell I mean I can't keep holding this and so that's where I threw in the towel, then on this candle, you know where we dropped all the way down to 671.

So basically to go from up four thousand dollars to down two thousand on a stock is you know it's not something anyone likes to do. It shows I mean on the one hand, it shows a lot of all. it's my sorry my cords all tangled up down here. On the one hand, it shows a lot of volatility, but you know on the other hand, it tells us that this stock is just.

you know it's not clean, it's giving us a lot of some fake outs and it's just not holding up so you know it is what it is I took the loss on that one. In hindsight, maybe I shouldn't have doubled, but you know by doubling and by being aggressive I have days like Wednesday where I made $8,000 so you know today's just one of those days where it didn't work and that's just the luck of the draw I suppose so xgy know follow through on that one and then from there I was starting to feel a little frustrated, a little a little agitated but I was like you know what, just let it go, don't worry about it, these things happen. So I jump into Z Z Z Sa n ZZZ Z Sam and I got in this pretty high fortunately only lost twenty bucks on it I got in with five thousand shares of this one at Six Ninety Three right here for the first one minute candle to make a new high. Nice little pullback.

We popped up to three dollars and we were heavy at three and I said this needs to break three or I'm out and we kind of hesitated there for a second and then we couldn't break that level I just stopped out so I ended up on 5,000 shares losing half a penny which is no big deal so lost on that one and then P HMD this one came up hitting the scanners, squeezing up again on this one I was like okay, you know, looks good, it's a former runner. It's got a pretty clean daily chart with room up to 315. Had jumped in 5,000 shares at 2:30 doubled to 10,000 with the 232 average. We popped up to a high of 245 and I was like alright, this looks good you know but I wanted to break the half dollar of 250.

really needed 20 cents of profit. So from 2:30 up to 250, stop was 220 and then you can see here in this candle. All of a sudden we drop back down to 226. I held for a second and then I sold on this candle.

Here, you know. and the fact that I was selling 10,000 shares obviously didn't help. There just weren't a lot of buyers. I Thought this stock would get some momentum, but it didn't So I lost $1,100 on this one, you know I I thought I had the the right idea, but on this one I was just wrong.

The momentum wasn't there. so at that point I was down 2,800 bucks and I was pretty much like I'm probably done for the day, but I would also like to keep my eyes open for a good reversal trade and that's when I saw a oh I coming up on the reversal scan and so I was watching this for a short. you can see the first. I was looking for the first red candle after this long consecutive run of of green candles and I was kind of kind of watching it around the half-dollar 47 50 right here, but I didn't want to get in a little too early.

In any case, it drops from 47 50 down to 46 18 so just really dropped quickly. Would have been a great trade. It pops back up, consolidates and this is when I start thinking, well, you know what this is looking like, it's going to be a long I think I want to, You know, get in this for a reversal trade So I'm letting it consolidate here watching the pull back on the moving average and when I see it start to pop up here 46:34 I think okay, this is looking good. it's breaking over the 20 moving average and so I'm going to jump in.

So I went ahead and jumped in right here. 4650 to right around there and I took 2,000 shares and then it dropped all the way down to 4 645 87 lost 50 cents on it I mean and it was like that So I took the loss I was like I thought it looked good I didn't think I was risking 50 cents when I got into it I thought 20 cents which I was comfortable with 400 bucks but it just dropped very quickly and so I stopped out. Obviously though I had the right idea I was just early and my share size was maybe too big to hold through the pullback. so you know it's nice when you've got the right idea and that tells you yes, you're looking at the right stuff.

You had the right thought but it's just the timing was off and maybe not really any fault of my own. just didn't work when I thought it was gonna work so added another thousand dollars of loss on that one and at that point I was like okay I'm done for the day I'm not going to recover this loss. There'll be better opportunities probably on Monday You know opportunities where I can take ten or fifteen thousand shares and make 50 cents and make back this thirty nine hundred dollars in one trade and that's not going to happen today. You know with 2,000 shares though I did think from 4650 from my entry if we could get back up to 40, 750 I could make 2 grand and that was realistic.

Wasn't going to get me a hundred percent out of the hole from today, but it it was a good potential and obviously it's gone even further. that I mean this could have been a four thousand dollar winner. but you know, obviously if I had taken if I had gotten back in a second time, I would have been risking a thousand a second time and I try to avoid getting back into a stock that's burned me once. So in any case, today, a little bit of a setback.

A little bit disappointing. You know I'm not happy with closing the week on a red note, but if I step back and look at my overall statistics I can see that even though today's red, I'm still trending exactly where I want to be and I'm actually way ahead of my schedule. you know I'm now 20 $8,000 away from the hundred thousand dollar goal and I'm still planning that I'll be able to get there in at some point in March I Think that that's realistic. so I just have to stay focused.

look for the next trade. now. let myself get bent out of shape over this little setback today and you know that's what I'll do. I'll jump back on the horse Monday morning looking for a good, good momentum trade.

If we continue to see choppy markets like we saw today, then I'll have to just continue to be mindful of that. I Had to read days two weeks ago. Now where I lost and you can see here last 4,000 on the first day and then lost 5,000 on the second day. So you know I've had two back-to-back big read days during this challenge and obviously I'd like to avoid that.

but then on the following day I made 8,000 the day after that, another 8,000 So even when I have a couple of consecutive read days that feel like a pretty big drawdown I can still bounce back out of that pretty quickly. so you know the goals right up here. A hundred grand. a little bit of a pullback here in the seventy-five thousand range, and then hopefully I can get a nice nice strong push up to a hundred.

You can see I had a really strong kind of push here from 16,000 up to 55,000 and it slowed down a little bit in the last, you know, two weeks or so. but I mean I say that? but I'm still up, you know, 26,000 dollars in the last two weeks, so it's still pretty good. but you know, slowing down maybe a little bit. Alright, so that's it for today and any of you who have questions or comments who are watching on Facebook or YouTube you can put them in the comment section and I'll make sure I reply.

for those of you in the chat room, we'll get back to it first thing Monday morning and I hope you guys all have a great weekend. relax a little bit. It is definitely a good idea to get your mind on something else and kind of let the trading stuff simmer on the back burner. Come back to it refreshed on Monday morning Alright guys! so I hope you all have a great weekend and I'll see you on Monday Alright, thanks.

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