What's up everyone? All right? Well, I am back for a second recap. This doesn't happen often. Uh, usually when it does well, I guess it's 50 50. sometimes it's because I totally screwed up and went red today.

Well, I'm not super happy with my trading, but I I did recover the losses on Pgy and I'm green and so we'll go over the trades. I caught a nice red to green move a little bit earlier just before class started. Actually, I've been teaching class for the last few hours here, but um, yeah, it was just the problem with today, which we'll talk about during the recap was that I was up only like 400 when I did my first recap. And so you know I had had three losses.

I'd given back 75 of my profits. I should have been done. And then Pgy started squeezing up and I jumped in it for a red to green move and I made back the loss. and I'm green on it now and I had a pretty nice trade.

The trade itself was fine. It was a great trade. It was the best trade I had of the day. The problem was, I shouldn't have taken it and I shouldn't have taken the trade because I had already given back more than 75 of my gains.

I'd already had three losses and I was risking going red on the day. It's not worth it. It's so much better in this market to have small base hits. Small green days.

Big red days. It's just I just I. I'm not going to be able to dig myself out of the hole of a big red day and taking that risk as it's squeezing up. It's just not worth it.

So I'm a little disappointed. But I'm gonna recap it and I think you know nobody's perfect and I should have walked away. But I I sort of fell into what could have very easily ended up being a bull trap and then I'd be doing a red day recap here. You know, which is why it's really so risky to trade.

Um, you know when you're kind of have had several losses and you've already given back gains because you start getting a little a little reckless. You take too much risk and you're kind of throwing a Hail Mary pass. You know it's like you know it's It's only in the last minute of a basketball game that someone's going to try to shoot from, you know, half court, right? You would never do that during like the regular game, except that it's like hail mary. Let's see, I know, hail Mary's like football, but whatever.

Um, same idea. So the thing with trading is like you wouldn't typically take this really high risk aggressive trade, you know, Except when you've already already read in the day you're trying to recoup losses and that's it. Just can be such a trap. So we'll talk about during the recap.

Thank you for tuning in. Um, I hope it's helpful and we'll be back at it first thing tomorrow morning. So today we had a good class. um on Algo Scalping.

This was for Um for students, So that class, uh, we finished today. We did about four hours of class and then we've got class again tomorrow for Warrior members and then Wednesday at one o'clock. I'm gonna do a condensed version uh for you guys here on Youtube so I hope you guys enjoy it. There'll be a link right down below you can check out to register if you'd like to attend it.

We're going to talk about the Algo scalping strategy and I'll shed some light hopefully for you on how, uh, high frequency training algorithm algorithms work in the market. so tune into that. That's going to be Wednesday one o'clock and I'll be back at it first thing tomorrow morning for the morning show, so I'll see you then enjoy the recap. All right.

So I'm gonna do my Uh recap here. Take two: Um, you know it's almost four o'clock at the end of the day. So when I did my first recap, I was, uh, I was up 400 on the day 417 to be exact. I believe it was and um, I was down 1300 on Pgy And now you can see, I'm up 1800 on Pgy.

So I ended up getting a bit of a a trade on this one. A little bit of a red to green trade if you will, and you know I I let's let's go over it and then I'll kind of give you my my two cents on on the trade. So in the first recap already talked about Tblt, this one um secondary offering private placement this morning I was out of it. About like 10 seconds before the drop just I was taking the break for the squeeze up to eight.

it didn't go and then I sold and then like 10 seconds later it drops from 780 down to seven and then 680 650 626 and I was like there's definitely news on it. And then the news hit that there was, um, announcing a private placement priced at a premium to the market. So you know this. This type of stuff is just so typical.

We see it all the time with small caps, but you know, traders who were hoping that would happen yesterday or maybe Thursday? You know it squeezed a little higher before it rolled over, and sometimes they do. Now you can go into the Sec filings and see whether or not these companies have a shelf registration, but many small caps do, and it gives them the right at any time to sell shares on the open market. And this one had one for 100 million dollars. And even if they didn't have a shelf registration, a company after a couple of really nice big green days can file a shelf registration so you know it's it's unfortunately not something that can totally be avoided.

Um, so if you lost on this, unfortunately, this is sort of like just part of trading and it just happens. and it's bad luck. And trading is hard enough without dealing with bad luck. But I I don't know if there's much you could have done to avoid it because it can.

Just it can just happen. So anyways, that was on Tblt. Um, got some trades pre-market on Kavl, Algospike, Csiga, a couple trades on that dip on that F-a-z-e Um, this one was pretty volatile today. had a squeeze up, dropped down, did a red to green at about 11 a.m sold off hard.

just. ugh. tough action with these moves. So what was the right thing for me to do today? Well um and this is this is always a challenge so we're gonna.

we'll talk about it for a second. Um, so today I worked my way to up about 1800 bucks and then I jumped in Pgy at the open or very very shortly into the open as it started squeezing up on this candle here because I was like okay here we go. All of a sudden it started moving and I got in at like 11 15, added at 11 25 and 35 and 45. So I sized up into it looking for that squeeze and the rip through 12.

this was the level that we had dialed in pre-market twelve dollars. I didn't really, I wasn't sure It was going to go, but when it started squeeze I I was like okay, here we go, maybe it will and then it reversed really quick all the way down to 10 18 and I'm glad I only lost about 1300 on it. I certainly could have lost more, but with that I went from up uh, about 1800 on the day to Up 666. I felt that was a quite unlucky number.

so I took one more trade on it and lost another 100 bucks and then I was up only 500.. And then I took one trade on, um, let's see a rev revb and I lost 120 on that one And that left me where I was at my first recap which was um, up 117 on the day or something like that and so at that point I was like okay, I'm done for the day, I gave back two-thirds of my profit. I'm I'm done. Uh, this is just I'm not having a good day and I was feeling a little, you know, a little a little disappointed.

I mean I was like this is a red, yeah it felt like a red day, I just even though I wasn't actually red, I just I felt it felt like a red day and so uh you know, but at the same time, um it was still fairly early and so I was sitting here and I still had Pgy chart up and when it started to pop up right here. Um so I think I took a trade on it. I took a trade on it like right in this area here and that was the one that I lost like 120 on or whatever 100 100 bucks on. Um and at that point I think I actually I think this is like when I was doing my recap.

um did my recap. It must have been a short one and then it comes back up right here to 11 and it pulls back. I didn't get in at 11. I don't even know if I saw it but then it doesn't micro pull back here at 11 25 and this is where I punched it.

So 11 25 and I started with a thousand shares and it goes like 11, 27, 11, 30 and I sized up right right away to 4 000 shares. Now 4 000 shares on this stock. That's pretty risky right? It breaks 11 55 1160 and I added for the break of 12. this was the high a day at 11 60.

So we got this squeeze here all the way up to 12 20. and I took my profit as it broke through 12. I was. I was pretty quick to take my profit and then I actually added back right here at on the dip.

at like 11.90 it broke 12, it dipped down, I added back on the dip, it popped back up over 12 to 12 35 and then went red and I think I sold that like flat. uh or I might have even lost a little bit on it. And then I was like okay, you know what? Uh, let's just see if I can hold this level because 12 was this really important level and it ended up not holding, ended up coming back down, popping back up and then just like selling really hard on this candle and I don't even know what. I don't know what the deal was with that, but anyway, so it broke that critical level but it couldn't hold above it.

And you know, today's a day where I feel like, um, it's a win for the P L, but a loss from the perspective of risk management because you know I don't I don't think I really should have taken that last trade. Um, I think it was too risky. I think this is. I think this is the exact type of trade that an on another day would have left me down like three or four thousand on the day.

I mean maybe not that much with you know, that type of share size, But I could have easily gone from up 400 to down 1500, you know? And and and that's not worth it. You know what I mean like that's a small green day that this could have been a successful bad day. As I said during my first recap, a successful bad day. a day.

where you know I got green, gave back two thirds. It's not a great day, but it's a successful bad day because at least I'm not red. but instead I, you know, took that aggressive trade there and kind of put the whole day on the line. Really, you know I put the whole day on the line with this kind of later morning trade and you know it Today it paid off.

if I do the same thing tomorrow. I bet it won't pay off because these types of trades where you've already had like three or four losses and they're You know you've gone from up X amount and you've given back 75 of it. It's always that last trade that's like the Hail Mary trade and when you lose on it, you just feel like man, that was so stupid. You know, why did I do that? Why Why was I not just happy with, you know, 500 or whatever.

It was 400. So you know. I think that I definitely got a red degree move today. Well see, I wasn't even read.

but it's that perception of feeling like I was right, you know. But I got that swing. I got the red to green move on Pgy, that's for sure. And uh, you know the trade itself.

Like the chart, the technicals of the trade. That's fine. This was a fine trade. There was nothing wrong with this trade.

would have been a better entry at 11, but you know, whatever, 11 25 is fine to anticipate the squeeze for the high. There was nothing wrong with the trade. The problem was me taking the trade after I had already given back 75 percent of my profit and I was feeling frustrated. that was the problem.

So this was a a sort of failure from a discipline standpoint and a risk management standpoint because it's much better to walk away with a small green day than to risk going red. It's just not worth it. So you know, as it as it turns out, Um, I ended up making uh, like three grand on that trade and going from down or up 400 to up 3 600.. So you know it ends up being a good day.

And the the worst thing about this is that it's a reinforcement of poor discipline, right? The money's right there. I just got reinforced for poor discipline for you know, pushing a little too hard later in the day after I'd already had three, you know, or whatever losses. I actually did have three because I had one on Pgy the big one, and then a second smaller one and then a third one on Rev B. So I had three small losses in a row, was down, giving back 75 percent of my gains and I took that last trade.

So you know I mean I in terms of my own. The rules I usually set for myself in terms of three red trades. you should walk away or giving back more than half your profit. You should walk away.

I didn't follow either of those today. Um, you know, and I still ended up finishing with a good day. So that's just you know, that's that's the tough thing about trading is you can get rewarded when you're you know, too aggressive. You get rewarded for averaging down for you know, taking too much risk and and then you can also sometimes feel like you get punished for following the rules.

You know, I could have sat this one out and then it goes to like 16 and I'm like, uh, you know here I am like telling myself not to trade anymore because I had three losses. Meanwhile, this thing is really strong. I should have kept trading it so the best thing you can do is be consistent. And today I'm just a little bit bummed out that I kind of just.

you know, in that moment I sort of was like, you know what? Screw it I'm going in and that kind of attitude is where you're no longer grateful for the gains you've already made and you're willing just to be like this. 400 is like, I don't care and if you start treating your account like that, you can give back a lot of money really, really quickly. So anyways, um, you know, I ended up finishing the day in the green, but I need to try to be a little bit better tomorrow. When it comes to discipline and I think I was, I was too aggressive on this move.

right here. It's just, you know, I'm kind of like a dog with a squirrel or something. I see it starting to move and I jump on. and next thing you know, I've run myself right off a cliff.

It's happened more than once, but that's part of Momentum trading, and probably every Momentum trader can agree and relate to some extent. that you know we chase momentum. you know, we buy high, we sell higher, and feels great when it works, and when it doesn't work, it doesn't feel so good. But that's part of trading and you try to be right more than you're wrong and so, uh, had a good idea.

Nice trade, but I didn't just manage the risk well based on where I was at on the day. and then it ended up halting down and pulling back a little bit. I saw there was a little bit of momentum. Um, some traders were mentioning costs.

Koss halted up, ended up opening. I mean, it's kind of crazy that it halted up here at 8.93 and resumed and squeezed. All resumed at 11 24.. You know, when could I get uh, into a three-point gap on a hull? Boy that that's you.

don't get that every day, but that that sure is a nice win. So good job for those that got that. Opal. Uh, I saw some traders mentioning this one so this was halted going into the close resume dip and rip there up to 11..

it's this: see. Look at these patterns. The pattern, right? Look at the daily chart on this. You've got those who are in the Algo scalping class.

Low relative daily volume Recent Dspac company very similar to Um Phase F-a-z-e right? Very similar to Pgy. There's a pattern here going on right now, so we need to watch these closely. Um, Opa-l You know I'm not going to trade at this time of the day, but um, but it's certainly moving so you know that's good to see, but it's lighter on volume with bigger spreads. but from 10 there up to Um 1190 1190? Son of a gun Golly, so that's a 50.

We'll see if it holds going into tomorrow, but it's so. The funny thing is, it's a blue sky setup right now. But uh, the daily chart, right? The problem with this is that it's at all-time highs right now, but that's after hours so that won't show like tomorrow. When you sit down, look at the chart, you'll see the after hours price action.

But your daily chart just shows this high of um, you know, 1003. look at that 1262. You know these? Anytime you get these kind of moves, it's just like oh my goodness, you know, light volume, big squeeze. They're hard to trade.

So anyways, whatever. Um, that's so that's where I'm at today. It's about uh, 4 13 and you've got at least a little bit of action here, I guess, but pretty light volume stuff. So hopefully we have a better day tomorrow and hopefully I can manage my risk a little bit better tomorrow than I did today.

and finish tomorrow with a small green day or a successful red day is just fine as well. Alright, so that's it for me. Thank you guys for tuning in. Reminders Always trading is risky.

My result's not typical, so make sure you take it slow and I'll see you back at it first thing tomorrow morning. All right, we'll see you then. 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.

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