What's up, everyone? All right? Well, today is October 1st, which means we've made it through the summer and September and we're now in Q4, which is great. Usually Q4 and Q1 are my best months of the year. so October, November, December, January, February, March and then things often slow down in the spring. The summer hit or miss.

This summer wasn't bad. We did have some good opportunities. August was a bit slow, it picked up here in September. We did have some good trades so I'm gonna break down for you.

Uh, in today's episode September in review, it'll be a month in review where I'll break down the profits of the month. I'll give you the context of where I sit on the year and what my plans are for the rest of the year. and now I want you to remember. As always, the trading is risky.

My results are not typical, and you shouldn't try to blindly follow me or anyone else. The typical result for beginner traders is losing money because trading is hard and it's risky, so you should assume you'll lose. And with that assumption, mind trading the simulator before you put real money on the line. Make sure you take it slow.

I hope you guys enjoy this recap This sort of September month in review. It's a brief recap of my trades from today. I only took two. Nothing much to report there.

I'll go over it, but primarily talking about where I sit on the month of September and again where I sit on the year, what the goal is for the rest of the year. So please hit that thumbs up. Hope you guys really enjoy this episode and let you jump right in. All right, enjoy.

All right everyone. So today we're going to do, um, not really much of a recap. Today's October 1st and I got uh, two trades on Palt, but I was having an internet problem this morning so I I took the one trade even though I knew I had an internet problem. I took the second trade and then it happened again and I was like you know what, let's not push it.

So uh, that was P-a-l-t It was a continuation set up. It had this long uh, consolidation pattern that it was in and it did break out of it to the upside. uh. but then it broke down.

the trade that I missed, which would have been the one I probably would have done the best on was this candle right here. so that's okay. Um, anyway, so I figured today, uh, instead of really doing much of a recap, we'll just do a breakdown of September month in review. So let's see if I back this out.

Um, I'm going to go from January 1st 2017. So from January 1st 2017 I have about 9.4 million dollars in gross profit. That's gross before fees, before commissions, Ecm, fees, commissions, and of course before taxes. So that's the the total profit that I've made trading.

and then you got to pull the fees commission's taxes. off of that. Fortunately, I've done a decent amount of trading in a retirement account, so that's been tax-free But in any case, so that's from January 1st. The reason January 1st is significant is because on January 1st, I started with 583 in my account.

So that means all of that profit is from an initial starting balance of 583. And if we go back to, uh, that first month of January, my very first day in gross profit was 156.. So these were small green days before finally starting to make some progress. Uh, that's again, gross profit.

If we go through February pretty quickly, you'll see that I started and go to 90 days pretty quickly. I started to do well, I had a pullback, but then rallied back quickly and we go through the end of 2017 approximately. and let's go to 31 31. So this was um, 2017 roughly.

Let's see 382 000 gross. This is cumulative over 30 days. But uh, I guess this over here would be win-loss expectation. So this was my first year 2017.

started initially with 583 dollars in my account small account challenge and then just kind of kept going from there. So uh, this is a good time for me to say that my results are not typical. Most beginner traders lose money and so you should assume as a beginner you would lose money as well. And with that assumption in mind, trading a simulator before you put real money on the line.

When I started this challenge, I was already a profitable trader just as the 2016 shows, which I do have imported here. So anyways, Uh, now we've had a really incredible year and a half. 2020 brought uh, an unprecedented level of volume and volatility into the market, and 2021 has been a continuation of that, especially with Gamestop at the beginning of the year. That was obviously a big surprise.

So this year I'm sitting at about 2.99 million in gross profit before fees and commissions. Accuracy is about 65. Profit loss ratio is a little bit negative. I've had a couple of big losers that was a 240 000 single trade loss.

That's more in about two minutes. but well, I don't know how long that trade was. Let's see, um, the duration of this trade. Let's see.

so between 1008 and I don't know 10, 15 I lost more than some people would pay for an entire house. But uh, in any case, it's the way it goes. So it's been a wild year and so let's hone in now on the month of September. All right.

So this will just be the month of September. I can click September 30th, but I haven't imported anything for October 1st since that's just today. So, 194 thousand dollars in gross profit. My total commissions were 5444 and my Ecm fees were 28 000, which gives me a net profit of a hundred and sixty thousand.

All right, So hundred, sixty thousand dollars on the month. Now you could say, well, Ross, what? Wait a second. You could just go trade at Robin Hood Free commissions. Well, if I traded at Robin Hood, of course, they'd presumably be selling my order flow.

I wouldn't really want that if I traded it E-trade or Ameritrade. well, perhaps free commissions. Not sure exactly what they do with order flow. I use a direct Access broker which is Lightspeed Trading and of course this is my level 2 window and this is my order entry window.

And so when I, uh, look right here, you can see each one of these market makers: Ajax, Nasdaq, Arca. I can choose which one I want to route to. You can do a point and click if you want. you can enable that, or you can just drop down here.

I could route to Edgex, I could route to Bats, I could route to J. And although we're aware of algorithms uh, around big orders that come in and the way the Algos kind of try to stretch the slippage to their advantage and things like that, being able to do direct access routing allows for extremely fast executions, extremely fast. And just as an example, I could do, um, you know, one share. Let's see 11.50 So I'm going to click the buy button.

look at how quick it's going to show up right there. Oops. sorry there. we go.

So just like that, I'm in one share and you know my average changes. So just as soon as you see that change, I'm scaling up. So now I've got three shares on this. You can see right there.

sell half, sell the rest. I mean, it's instantaneous. really. As soon as you click the button, as long as you click it in the right spot, which sometimes is a problem.

But as long as you click the right spot on that button, you're going to have instantaneous execution. So you pay for that. And that's a cost that I'm willing to pay for. It's not insignificant, I suppose, although in the grand scheme of things, it's fairly insignificant and I think it's worth it.

So my Ecn fees were a little higher this month, and they've been a bit higher this year. I've kind of struggled this year with over trading. I had such a good year last year that I tried to be even more aggressive this year by trading with larger share size and really trying to catch some big big wins. But trading with larger share size results in higher fees and it hasn't really translated to more profitability.

Although I guess if we look so this is um, 1, 1, 20, 21. So year to date, I'm at a net profit of 2.6 Let's look at last year at the same time out of curiosity I was at 3.2 so I'm a little behind last year At this time, you know, like 800 000 behind it or six hundred thousand. But uh, yes. And and I've been trading with higher volume.

Uh, this year so average volume is higher by almost fifty percent, but the profits are lower so trying to trade more aggressively trying to make more money. But in fact, I haven't been as successful in that. so the fees are a bit higher than they have been in the past anyway. So let's go back to just the month of September.

All right. So month of September. Um, I can look at the overview. let's see.

Um, so this is net gross, so 60 accuracy. I think the accuracy changes, maybe just slightly. There's a couple break-even trades. average winners: six minutes long, average loser seven minutes long.

Nothing. Probably especially exciting there, but this was a little bit disappointing for me that I started the month with some nice trades and then in two days, I gave it all back and went red. then again, had some. you know, decent progress here.

and then another kind of big red day. So let me switch to the overview in the calendar. So I had a big loss on Friday. Uh, the third of September.

So that hey girl, come on girl. So that gave back everything I made on Monday and Tuesday. Then a second big loss on Tuesday the 7th. No trades on Wednesday.

Monday was Labor Day, had a nice day on the 9th, a nice day on the 10th, decent day of the 13th, the 14th, and then 100 000 a day on the 15th. That was awesome, right? Could use more days like that. Red day back to green. another bigger red day 37 000.

recouped it the next day. No trades I guess on the 22nd and I'm trying to remember what happened on the 22nd Why I didn't trade that day? I'm kind of at a loss. does. does anyone remember what was going on in the 22nd? Um, I don't know if I was having an internet problem that day or it was just a slow day, but it seems odd.

But um, I mean, that's what that's what it says. So just look at my looking at my calendar here. Um, but in any case, I don't know something. I must have had something that I had to do on Wednesday.

Um, I think I had a meeting that day. Let's see. Yeah, it looks like I had a meeting at 11 and there probably wasn't much going on early and then I just was like, yeah, whatever. Um, yeah.

And then I was teaching Warrior Pro classes later that day. Oh, you know what it was, because you're right, I was trading in a small account that day. That was the final day. I think of the small account challenge, which is why I didn't trade my main account.

So yeah, actually, and that's worth noting. So this is just my main account. This isn't the small account challenge that is separate. Uh, this is just my main account.

So then anyways. Um, yeah. but the night last Friday 37 000 Red day. So I started last week with 37 000 red day and I finished with a 37 000 red day.

And so I basically was well read on the week, uh, Monday and Tuesday weren't great. Wednesday also wasn't great, and then, uh, we had the big move on Palt. And that's what I traded yesterday. uh, Wednesday and yesterday Palt.

So we got that surprise squeeze on palt right here as it halted up at 750. And that trade is what gave me about 30 thousand dollars of profit. Is it squeezed up and then traded again yesterday? I traded again today, but only small gains as I was running into internet issues again today. So yeah, so that's my, that's that's the month.

Um, high level. let's see. Um so biggest drawdown was 75 000. drop down 75 000 and um, and it comes back up.

drops back down, comes back up. so a little tricky there days and times. a couple losses in the afternoon. but then actually this this month afternoon trading uh, was successful for me.

so that's good to see. Uh, this is an interesting pattern. read on Monday, right on Friday Wednesdays? that was the day this month. but you know I that pattern can change so much from month to month.

I don't usually look at it too closely, but what I would note is that, uh, this year, a year as a whole, Mondays have not been very good for me. so that's I don't know what to attribute that. Well, I've got some ideas, but Mondays have not been great. Tuesdays, Wednesdays, Thursdays, and then Fridays cool off a little bit, and generally afternoon trading I don't do particularly well, so from 9 to 10 I do well, but then after that I usually just taper down anyways.

But when I do come back for some afternoon trades, things can get a little a little crazy. So this has been my year, went right on the year, by over a hundred thousand, surged back up, gave back about over a third of that profit, almost half of it, and then have been pretty steady here since March. Haven't had too many like Big Big Trade Big big huge days, but you know I've had a couple here and there. So this this month, uh, the biggest day was the hundred thousand dollar day, which came as a bit of a surprise to me.

I wasn't expecting to have a day that big. Um, so we can look at Irnt Indp, and let's just take a glance at those stocks. So Indp, Let's see. this was on, um, this day here, so it was pretty disappointing that it did not end up holding its levels.

However, look at that move. I mean that was amazing from 1286 all the way up to a high of 28.83 So we really did have some great action on that day and that was my best day of the month. And it was the first day I finished over a hundred thousand dollars in um in a while so I could use a couple more a couple more days like that. But then the fact that by the end of the day it was all the way back to flat was was pretty disappointing.

So I kind of felt like that. Although that was nice that we had that, it also sort of felt like it weighed on things a little bit. just the fact that it didn't um, that we didn't have a strong finish. We didn't get a really nice second day continuation on that stock, which um, you know that's discouraging.

It's not what I really like to see. I'd always prefer to see more like what we had on Palt where we have multiple days of opportunity. That's when things usually for us get pretty good and I I thought maybe we would get you know that breakout today back through 14, 25 and 15 20. But given that it's Friday I I don't know.

I just it just didn't happen for me. But um anyway, so let's see, let's look um so back at the Matrix here for the month of September. So we looked at days and times uh, price and volume so didn't do particularly well on lower price stocks and higher price stocks lost a little bit. So in fact, this month between 10 and 50 was my sweet spot.

Usually I would be green between five and ten. However, I think one factor here was that because I was doing a small account challenge, most of the stocks between five and ten, I was just trading in a small account and I wasn't trading them in the big account at all. So I guess that's that makes sense. Um, so by Instrument Biggest Winner: Hlbz in total Gains Indp Eftr Palt Arq Biggest Loser Impl.

That was with the Fda announcement. xevo Acy gdev Mrm Performance by Instruments Volume Low volume stocks I lost on high volume stocks I crushed, so you know it's a reminder. So the thing is, when news first comes out, the volume initially is low because the news is coming out and in those moments you think oh wait, I'm the first one seeing this big headline and so I jump in. But then if it ends up that the market doesn't respond to it and it drops back down, well, you know that's a low volume trade and a big loss.

So performance by Instruments relative volume. So the majority of my profit uh, was on stocks that have five times higher volume on the day I traded them than um in the 50-day average. So the performance by the instruments prior day also seemed, um, better on stocks that were sort of like fresh news. Sometimes this will be, and if we look at this over a longer period of time, you'll notice it's more of a a curve there because oftentimes I will have profit on a previous Uh based on the low relative volume based on previous day Because that's continuation.

So P-a-l-t yesterday was continuation. So I made 18 000 on it yesterday. But the relative volume was lower than the previous day, right? It was actually lower. Why was it lower? Well, the previous day was crazy high.

However, both of those days were 50 times higher. Uh, five times higher than the 50-day average. So both of those days would have fallen into the 50-day average profit column here. Five times higher than the 50 day average.

but the first day would have been five times higher than the previous day, whereas the second day would have been. You know, somewhere in here, so kind of interesting on that. And um, performance by instruments movement Less than ten percent I guess. Oh well, this is in a longer period of time.

Let's look back at the month just of, um, just of September. So yeah, for the most part, profit is on stocks that are, um, up over 10 percent. So you know if you're trying to hone in your strategy. what I would be doing.

Um, you know, if I was sitting down with a student and we were saying all right? Well, these are your metrics and you're trying to get a little bit better. Can we cut this stuff out? Can we cut this stuff out? Yes, you have profit here, but then the losses negate that. so just cut all that out so we focus on here. Okay, so performance by instrument.

So this would be only trading stocks with at least two times relative volume only trading stocks up at least 10 percent right here, primarily. Or you could just say only trading stocks gapping up more than two percent. Now, the only thing here is that sometimes you'll have a surprise momentum stock that's not a gapper, but usually those don't work well. and then in this area, well focus on higher volume.

So market behavior. Nothing really super significant for me to review there. Most of the month market was kind of range bound when lost expectation. We've looked at this before, so you know, some draw down days there and there.

but overall not that bad. And you know what's nice is that if we go back to six, one oops, six or five that's fine. So I had a kind of long stretch here from um, when was this July 22nd to right here. So a full month basically of draw down, back up, back down before breaking out.

Now that is a bit of an Abcd pattern and a flat top breakout. It's a nice looking pattern, so I'd be a buyer right around there for the breakout, maybe even buy the dip for the move back up. But that was a long stretch and it wasn't a lot of fun being knowing I was in the red by 150 000 versus my all-time highs. But you know, again, that's part of trading.

You've seen me go through that a million times and then rally back up. So as of right now, I'm basically I finished um, the month of September at all-time highs for the year and all-time highs for my small account challenge that started uh, back in 2017. So I'm sitting at 9.46 in gross profit and net profit is about 8.39 8.4 somewhere around there, and the next goal for me is to cross over 10 in gross, so I'm about 600 thousand dollars away from that. I would like to be able to do that by the end of this year.

So we've got three months, so you know, 600 000 away, 500 000 away, Five fifty. So you know, if I can be averaging well, it would need to be 200 a month. However, the good news is we are coming into what is, typically um, the good time of year: q4, October, November, December. That doesn't mean it's no guarantee that it'll be a good quarter, but I'm hopeful that we do have some Good opportunities and if we do, it'll be a great finish to the year.

But at the same time, if we don't, as long as I can keep my head above water, stay green and try to minimize the down, um, the draw down and those losses, it'll be a it'll be an okay finish. So that's um, that's my sort of breakdown of September month in review: 160 000 in profit. Not the best month I've had. uh of the year.

I guess if we could take a quick look there, just um, so oops. go to 2021. So we'll do overview and we'll do um, like this so you know, have been kind of on a little bit of a you know, great January thanks to Gamestop, February, March we're good at 400. June was just under 400.

July was right here before I lost 150 000 in the last week and then had to play it safe in August and September. So my hope would be that we'll see a November October like that, November like that, and the December kind of like that. That's the goal all right. So it's good to set goals and that's uh, where I'm at right now so we'll see where we finish the year.

Hopefully we have a nice finish and I'm excited for. I'm excited for the the fourth quarter, but realistically, I I'd be totally happy. I mean man, if I was averaging 400, uh, just for the next three months, that would be another 1.2 million. That would have me finishing the year at about 4.2 million, which would be great.

That would be phenomenal. So I think to be more realistic, Um, even just finishing over 200. Um, as a baseline kind of goal, 200 is great. That's 50 000 a week.

But if we do get a couple of big momentum stocks, you know we just got a couple and those ones become hundred thousand dollar days. It's only gonna take you know, four or five days like that in the next three months to make a huge difference. Uh, the way I finish the year. So I'll be.

I'll be here, I'll be looking for it. and um, that's that's the game plan. All right, So that's it for me. Hope you guys have a awesome weekend And um, as always again, I can't say it enough.

Trading is risky. We know that the risk of loss is real and many traders, uh, will take very significant losses as they're getting started. So take it slow trade in a simulator before you put real money on the line. My results are not typical.

You should not try to blindly follow me or anyone else. Take it slow, all right. So with that, I hope you guys have a great weekend and um, I'll see you back at it real soon. All right, See you then.

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