What's up everyone? All right? Well, today is gonna be a red day Recap: It's also a freezing cold day. It's ice cold outside. I mean the coldest day of the year so far here in the Berkshires It's even cold in my office. so I Want to go over something real quick for you guys? So the first thing is that got a little bit of flack yesterday for my big green day.

Some of you guys said hey, Russ I thought you were in rehab. What's the deal? Well let me break down my rules of rehab for you guys real quick. So here are the three rules: Number one in my Lightspeed account: I've got a matched share size of two thousand shares I Followed every single one of those rules yesterday and today. those rules are actually set on the admin side of Lightspeed So even if I wanted to take two thousand and five hundred shares, I simply couldn't without calling them and getting them to lift that restriction which they can only do through writing and so they're gonna have to put it in writing.

so I really can't trade more than two thousand shares? So that was the first rule. The second rule was that I would have a daily max loss of $1,000 which means that if I'm down more than a thousand I can't take another trade and that's the way the max loss is configured with. Lightspeed When with a lot of brokers, it's not based on you know they're not gonna close a position. If you're holding something in, it's down Fifteen hundred, Two thousand, Three thousand.

they're not gonna close it for you. You have to close it. But once you close it, if you're down more than a thousand, you can't take any more trades. So I guess the rule is if I'm down more than a thousand I'm done trading.

It's not exactly a max loss because I could lose more as I did today down 1,800 but it's a it's a line in the sand that you can't keep trading if you're past it. So that's the second rule. The third rule is that if I have three consecutive losers, I am done for the day. Now so far this month I have broken I've broken the rule of three consecutive losers and that is disappointing and I also broke the rule of trading past my max loss because on one of the days I actually did called them and I said hey, you know can you lift my max loss so I can take one more trade and and that was really a mistake and then I accepted that and was transparent about doing it and that you know I was disappointed in myself for doing it.

So yesterday and today I've traded within this framework of rules. Now this is for the Lightspeed account and yesterday my Lightspeed account was up about three thousand dollars. Today it's down eighteen hundred. so you know, a nice green day yesterday and a red day today.

My TD Ameritrade account has been exempt from the rules of Trader Rehab because I'm not trading in it every single day and I'm really only trading in it as part of my product testing which I have now finished yesterday. I had a great day, six thousand dollars and so that's gonna cap off all of the live trading recordings and everything else that I needed to gather to do a really good review of TD Ameritrade So yeah, I'll admit that in TD Ameritrade I was being more aggressive and that a true Rehab doesn't give you exemptions like you know I can I can drink but only on the weekends or only with friends or stuff like that. So I would agree that if the if the goal really is to train for the month of December and trade with a small account that the TD Ameritrade account is kind of, you know, disjointed from that mission and so for that reason for the rest of the month, I am just gonna trade in my life to be the count because I hear that feedback that you guys are giving me and I think that it's I think there's some validity there and but at the same time with the Lightspeed account, I was following all the rules yesterday and today and today was really disappointing. So I'll break down the trades from today.

I stopped out and on. Basically, I had to read trades. Well, let me let me. I don't want to do the whole recap here I want to give you guys a screen share But basically what happened was I started the day with a read trade, then I had a green trade made back the losses, then I had a break-even trade, then I had a small winner and then I had one loss, second loss and at that point I was down 800 bucks and then I took a third trade and I was down to 1800.

So that trade that put me down 1800 crossed to my circuit breakers being the third loss in a row and putting me down more than a thousand and so after that done for the day and you know, a little disappointed I was up about three or four hundred dollars and that's why yes, but it just didn't hold up super well. And part of that's because a PDF sold off probably so much yesterday. So in any case, it is what it is. Enjoy the recap.

If you do have questions, I appreciate the comments and the feedback. You guys are helping me. You know, really, you're helping to hold me accountable and giving me feedback of things that you think you know. Russ If you're really going to try to prepare, prepare for the small count challenge.

You know you should do it in a more serious way. So it's been feedback and appreciated, All right. So comments, questions, put them below. Give me the thumbs up if you enjoy the video, make sure you're subscribed to the channel and I'll see you guys first thing.

All right. So we're gonna go over the traits from today. Today's a day where I'm closing the red. but I have followed all of my rules I stopped after my third consecutive loser.

Now you can see I'm below my max loss of $1,000 and what that means is that now that I'm down more than a thousand I can't take any more trades. so if I try to take a trade, if I try to buy this it won't let me. it's it'll just say what's what's the message. I'll just put it it whatever for yay it says right here.

cannot place any long opening order, can't place any new positions. So I'm done trading today. max loss. Now the max loss crossing over that minus 1000 and having my third consecutive loser happened on the same trade.

So I already had two losses and I was down 800 on the day and I got back in for one more trade on Sys and lost a thousand on it. and that put me at my third consecutive loser and then down more than a thousand. So I'm out. Two strikes there.

you know, both of those are kind of my circuit breaker thresholds for stopping, you know? and that's fine, that's you know. And today I only trade with 2,000 shares. same as yesterday. Following the rules here of Trader Rehab.

I'm disappointed that N Sys didn't give better opportunities and so let's kind of break it down. So this was on the watchlist pre market gapping up 119 percent. 2.6 million share float had about 400,000 shares of pre market volume so it met most of my criteria for being a stock worth watching. I of course was watching it over 650.

Now the bell rings and it immediately breaks 650 and squeezes up to 670. but I said I'm gonna be calm, cool, and collected I don't want to jump in in the first five seconds of the bell ringing because that I just feel like that could get me into trouble. So I'm gonna give it a second so it pops up to 70. it then pulls back as is consolidating here.

What am I doing? I'm typing my order to get in at 70 so that was 670. so I've got my order ready to go and all I have to do is click the Buy button now I like to do that because it's a little bit faster than at least I find it to be a little bit faster than kind of fumbling at the last minute and my entry is gonna be more accurate than if I use a hotkey. If I use a hotkey, the problem there is that I might if I press it at 670 I might get filled to 675 or even 690 depending on how quickly the stock breaks that level. So in any case, using the limit, order there.

So I'm in at 70 and right there we get that break up to 97. So I sell. Now on that trade I only made. Let's see.

Um, let's see where was this. Sorry, let me go, let me go back. My first trade was on this Campbell right here. So my first trade was a red trade.

It was right here I got in at 70, it didn't break that level and I stopped out right down here at 65. so I stopped out like right here and I lost 200 bucks two hundred ninety three dollars on the first trade and I was like alright, that was a bummer. um and then it comes back up and I'm like okay, I'm getting back in so I get back in right here at seventy it rips up, it hits a high of 697 and I take my profit and on that I made I don't know like 500 bucks. So I go from down to 93 to up like 190 bucks or something like that.

So those are my first trades, a loss and then a win. So now I'm like okay, well you know I'm back in the green. That's good and the stock is clearly showing strength. The high was 709.

It then pulls back as it curls up here I jumped back in for the break of 709. It hits a high of 714. doesn't really hold that level I get back out, break, even trade. not a - winner or loser.

just break even train. Then it curls back up here to 7:25 it pulls back and I get in right here for the break. Over 7:25 it hits a high of only 736. so I get out of that.

but that was a small winner. So small winner there. So I'm like alright, well you know, loser winner break even small winner and then it drops down here to 680. Bounces off the view app as it curls back up right here.

The high was 716 of this level and it broke right here I jumped back in I got filled with a little bit of slippage I use shift 1 is my hotkey I'm in at 7:24 it hits a high of 728 and I'm thinking it's gonna break over 736 and rip up to 750 but it doesn't. It drops back down to the view app I held it maybe a little longer than I should have I was like oh man, let's see maybe maybe this just needs to do a little micro pullback and then it'll rip over this level and then right here it drops and I stopped out at 75. So just like that I lost a thousand bucks. so that was my first loss on that was my first good-sized loss on this stock.

So now I went from being up I don't know 400 or whatever to down 400 or something like that. Alright, so um, on this particular stock. Alright, so that was my first loss. then I see SLS hit the hide a momentum scanner.

You can see it right here. I pull up the chart and I'll just pull it up here. So I don't lose my place. So SLS and I see it squeezing up, it pulls back for a second I jumped in at 65, it hits a high of 88.

I only took a thousand shares and I said if it breaks over seven I'll add it only hit 88. it drops back down and I lost six cents per share with a thousand shares. So I lost fifty eight dollars. Alright, well, but officially that's now my second consecutive loss and I want to make it official.

So that's now two losses in a row. I got one more trade and at this point I'm kind of like alright, Well I've only got one more trade I've got to be pretty. You know mindful about where I get in and so I see SMS liest rip back up here to 723. It then does a little pullback and I got in for the break of 723.

I'm in with 2,000 shares 725 it hits a high of 746. I was looking for it to break over the half dollar and then it instantly dropped back down to 695. So I'm up 25 cents and then I'm down 25 cents and I was like okay, whoa Well, alright, let's see what this does. It pops up here to 7:25 I'm back to break even and then it flushes right here.

Back down to 675 and just like that, I stopped out and I lost another thousand dollars. So I lost a thousand on this loss right here and then a thousand on the second one. Fifty cents per share on both of these trades, you know, which is such a bummer. I mean I'm not gonna fault myself for the setup really because I think both of those were decent setups and I think certainly yesterday on a PDM those setups worked really well.

So the first one here was first first one minute Campbell to make a new high which I anticipate will result in a break over 736 and the second one right here was a kind of an ABCD setup. not a perfect one, but a break over this flat top resistance level anticipating. with the entry at 25, both of those decent quality setups I mean I Trading those types of setups yesterday did quite well and then look what happened on this so you know what? Thank goodness I set my stop where I did it drops back down to the view app I Take the loss all right then I'm sitting here and all of a sudden it drops. It breaks the low here of 670 and drops at 6:56 46, 36 $26 and I'm like geez, this thing is really dropping.

Oh my gosh, it goes all the way down to a low of 483. I mean that was the cleanest move of the day on this one was to the sell side without a doubt. I mean it just was. It was just a bloodbath and so unfortunately the stock got me.

I'm glad that I wasn't holding that 2000 share position through this drop, but these were my trades. So one, two, three, four, five, six trades and of those six trades, I had really only a couple winners. So anyways, that's it for me. You know, gonna follow the rules and I'll be back at it first thing tomorrow morning.

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