All right. So finishing the week here in the red, it's a red day. It's going to be a red day recap. We're going to go over the trades from today: I traded three stocks and I am red on all three.

So this day started bad and just kind of snowballed a little bit. It didn't spiral I wouldn't say this was a spiral day, but it did start to pick up a little bit and I was like okay, this is the time to walk away So if we go back to sort of where today went off the rails. It started at about 3:00 in the morning when my son came in with a bad dream and I sleep very lightly. so when he woke me up I didn't really fall back asleep.

so I've been up since about 3: in the morning I kind of tossed and turn 5, you know, 4:35 and then finally I just got out of bed. So unfortunately for me I didn't sleep well and then I think that can sometimes be a trigger for my headaches. Uh so anyways I come over here to the office. uh around 7:00 a.m.

I sit down. I'm looking at my scans and I'm trying to decide whether whether I'm going to take my migraine medication or not. Um, you know you can only take it so much so I try to kind of wait. so I'm sort of holding off on taking it.

Um, thinking maybe if I have a little bite to eat I'll feel better Anyways, that didn't work I did end up taking my medication. uh First Trade was on Nrbo actually I've already got it up and you know I jumped into this trade thinking the the sort of idea on this trade was. uh, the stock held up relatively well yesterday it pulled back here and I thought if we broke through this 550 spot, we would come up to $6 and if we could break six, maybe we would come back up to this level back here. So that was what I was thinking.

Uh, I started with a th000 shares of it I got in at about 548 as it popped up on this candle right here. so we'll zoom in on that. Uh, but as you can see, it rejected. All right.

So I took a loss. $245 loss. It's not a big deal, 25 cents a th000 shares. but it did put me red on the day.

Um, you know and that was kind. That was like my first trade that was at 8: a.m. Uh, it ends up coming back up I I Thought about getting back in but I was like you know I just now I'm not sure about it because of this red candle now. I don't know if it's going to work.

Well, it did end up working right. idea, just wrong timing. That's okay, it is what it is. The loss is small, it's negligible, doesn't really matter.

all right. So then the reason I kind of liked that setup on Nrbo was because of Minm Yesterday, Minm had done something kind of similar. It had a strong Day held up relatively well, pulled back a little bit pre-market and then when it started to go right here, it went quick right? So this is what I kind of thought might happen on Nrbo. didn't really work out as as planned.

Uh, but in any case, um, I already had Minm minm on Watch and and that's cuz I was sort of comparing the chart to what I thought might happen on Nrbo little pattern recognition there and so when Minn starts to pull away right here I was like, all right, this might give me something that I can work with now I was a little hesitant jumping in it I sort of thought initially I was like man I don't know it, it was a little choppy yesterday. Uh, nonetheless I take my first trade at about 10 8. Uh, so that was right right about here and I got in at 691. It's a pretty good entry.

It goes up to 705 715 I take my profit and I locked up $450 and like that I was green on the day I was red uh, 245 on NBO but I was green about 450 on uh mm with 3,000 shares. So I was like, all right, well hey, I'm green you know by a couple hundred dollars. not much, but it's profit I kept trading Nrb or sorry Minm as it went up. I added at 710, got a nice squeeze up up to 7.

um 20 pops up here to about 722. It ends up doing a little bit of a flat top, it pulls back and then it ralles back up. Got another trade here. it breaks through to 750, comes back down bounces off of 720 I bought the dip there previous resistance becoming support and then got that move here up to about $8 So the funny thing is you might be like well then how in the world are you Red on it and I guess we would attribute that to this big candle right up here.

So I ended up buying 10,000 shares of this I I was up about uh only about a th000 on the day cuz I was trading it still with a pretty small size. so I got myself to up about a th000 and then I bought 10,000 shares for the break of eight. we got a fairly violent rejection and I lost $1,700 on that trade. so that took away all the profit I had on Minm and uh Dro me down to there.

Then um, we had I NBS All right so inbs this one I saw it moving up the scanners and I actually took my first trade on it. This is pretty obnoxious. I took my first trade right in here. uh I jumped in as it was squeezing up at about Uh 323 and then on this candle it drops to 286 I'm not kidding all the way to 286 I'm down 50 a share.

it was only with I think 2,000 shares but I I had to take the loss I was like this is ridic. ridiculous so I stopped out, comes back up I get back in here it but I go with small size cuz now I'm getting a little too deep in the red. yes it comes back up. it goes higher but I had small size and then I didn't want to chase it.

it drops down again. um and in this case I I didn't take this move because it went below vwap I didn't really trust it this it was just kind of funny and I just said you know what this is. This is getting kind of silly I'm read on three out of three I'm just not in the zone today I'm just I'm not feeling it. so I called it and I didn't and that's it.

So down 1,200 bucks um you know it's it's not the end of the world. there'll be fees and commissions on top of that. Uh, certainly the 10,000 share position on Minm. That adds, you know, $60 in fees and commission.

So it it adds up. But in any case, I did have a good day yesterday which was the first day of February So I'm I'm grateful to started the month at least with a good day. Part of me was tempted to sort of stick this out a little longer. Inbs I Liked that it's a recent reverse split.

it's got a low float and yet I'm red on it. So my execution of Trades trying to take quick scalps on it and get in and get out that just didn't work super well. If we look at the 10-second chart, you'll see in a little bit more detail how um, this entry here boom sells off right? Uh, comes back up here I'm pretty sure I actually got back in up here, stopped out again. Then we get this break here which I took with small size.

it kind of grinds higher and then we had this uh, sort of pop and then drop a little bit. tricky move over four. it pulls away quickly. you get a pull back here but it's going right into the open I did trade this as a dip and a pop back up I made a little bit on it but I just you know I just wasn't sure.

at the open we've been seeing these kind of jack knife moves so I bought this dip at around 415 it pops up to a high of I don't know 430 425 I took the profit. it drops back down to four. then it comes back up. but I didn't get back in.

you know? so it's just I just I don't know I think I just wasn't on my game today and that's that's you know what can you do? Sometimes it's like that. So I think the best thing you can do is acknowledge it and say today's probably not a day that I should push it I still have a headache I took my medicine but I still have a headache. so um, you know I'm not going to be able to be at Peak Performance today and on a day when the market is really clean and easier even with a headache and whatever I could still probably make some money and do okay. Today was a day that it just wasn't as clean, wasn't as easy and although I'm sure some people did well, you know these moves, you know this pop and then all the way back down.

you know this is this is difficult stuff so it's a Friday end of the week. Had a pretty good week overall. uh but yeah so anyways, doe for one red day a week. that's I kind of figure that one red day a week and um again I haven't really been tracking or looking at my P&l on uh Trader view in detail.

so I don't know when the last Red day was for me I think it was back. when was it? um maybe two and a half weeks ago or something like that. So yeah, I was due for a red day. it's it's just what's important is keeping the red days really small.

so I can recover this loss in one trade next week. You know one good trade is going to recover all these losses. So yeah, I traded three stocks and I probably took you know well, obviously three losses. but I got some winners too.

Anyways, took a bunch of losses today, but it's going to be pretty easy to recover from this loss. Now here's the problem: if I start over trading. If I start taking 15 20,000 share positions and try to really, you know, get a big win on something easily I could go down 3500 4500 a thou $10,000 right? and then that starts to be a whole that's a little bit harder to recover from. It's going to take more time and mentally I'm going to be off my game.

more so for me, keeping the loss small under a th000 under 2,000 this is it. It's neg enough that it's water under the bridge within an hour of turning off my computer now. A5 $10,000 loss? not so much. You know that sticks with me I'd be thinking about it all weekend I'd be frustrated I'd be certainly thinking about it again on Monday morning and then I'd be more apt when I see something like a Cmax to be like all right, look at this thing moving up.

I'm just going to jump in, you know I I press the buy button and then next thing you know it's like uhoh um, you know we could look at the level two on this, You know. Next thing you know, you've got a 10 cent spread. It drops back down and there's not a lot of liquidity. there's no volume 30 Cent spread, you know, and you could be in some trouble.

So you got to manage risk. You got to know when to walk away and there are days where for whatever reason, whether it's because the internet or your you know your your own stuff you've got going on, you're just not going to be on your game and those are good days just to walk away. Live to trade another day. The Market's going to be here tomorrow, right? It'll be here on Monday.

So all right, it just means that I have to be totally comfortable sitting right there. Down 1,200 today. So if you looked at my Equity curve you know from $583 15 right? So you know, had some drops for sure. I've had some red days.

These are these are going to be like $30,000 red days. but you know up here being down $1,000 it it's like again, like I said, that's the idea with trading. It's just to keep the losses so small and so far between that they're negligible. What happens is sometimes you have a nice long green stretch and then you start to go red and then you dig your heels in.

You don't want to end the green streak, you, you just start to be more and more aggressive and then that's when you can have some big draw downs. and I've seen traders who have made millions of dollars and then just giving it right back. So the way you prevent that, it's discipline. Really, it's having the discipline to know.

H I'm not on my game I'm going to walk away the glass is still half full. so you re recenter come back on. Monday Next thing you know, you're up $1,200 $2,500 and you've totally forgotten about this day. I Can promise you if you ask me 3 days from now what stocks I trade on Friday I bet I won't even remember.

it just is out of sight out of mine gone. So I'm going to shut it down, close it down, and uh, call it a day. Thank you guys as always for tuning in and I'll see you back at it first thing on Monday morning I Hope you hit the Thumbs Up And subscribe to the channel and if you haven't tuned in to my small account Challenge Series Make sure you watch some of those episodes. uh I got a new one uploaded this week.

Okay, enjoy and I'll see you guys real soon.