What's up everyone? Alright, so here we are Tuesday and it is the second Tuesday in a row that I'm having a red day yesterday I didn't rate at all today I get back into the market and I lose 1,900 bucks. So that's not what I wanted, but you know it is what it is August is a little bit continuing to be a grind for me. second worst month of the year and I'll just be really happy to have it behind me and to be on to you know, the month of September. So right now I just gotta you know, stay disciplined, try to keep the losses small which relatively speaking I did I didn't go off the rails and do something crazy.

It just you know, had two trades, two losses and that was it. So you know. Frustrating market. But the good news about being kind of in the lull of this cold streak is that you can only go up from here.

So looking forward to momentum coming back in the market. Alright, any questions, any comments on today's recap? leave them below and I'll see you guys first thing All right everyone. So we're gonna break down the traits from today. Today's gonna be red day recap which is a bummer.

It's been a tough month. I mean there's just really, you know no way around it I was read last Tuesday down 1,400 bucks I'm read today down 1,900 bucks so you know it's just this is you know it's a difficult market right now. I'm back to down about two thousand on the month. This is my let's see fifth red day of the month.

yeah, one, two, three, four, five. So you know I'm kind of at the top of my number of read days that I can have per month I try to keep it under four, which would be about one read day per week. And so you know, being at five here with still two, four, six, eight days left in the month, you know isn't great I need to really have I really need to have a strong week this week and a strong week next week to get myself back into good shape for the month of August And at the moment you know it's it's not looking good I didn't take any trades yesterday so zero profit is your loss. and then today I'm down 1,900 bucks so we'll look at the trades from this morning.

I only trade one stock and I think you know today's an example where it kind of goes to show how quickly with one trade you can give back a good chunk of change. I mean you can lose 2,000 bucks like that and you know in hindsight, maybe I would have been better off not trading at all today. So GEVO is the stock I traded this morning? It pops up on the scans. you know I'm not I'm not super crazy about it.

However, you know that it's a stock. it's a formal runner. It had this really big move not that long ago, you know? Recently it's been kind of consolidating lower. Today it starts to pop up a little bit.

Had a pre market high of 350 I First tried to get in this one at 355 right here for the break of this little one minute flat top breakout. Little right here. So I put the order at 356 five thousand shares I don't get filled, it pops up to 370. So I'm like, alright, that's looking pretty good.

consolidates for a second. I get in right here on this breakout at 368 or actually three, seventy, three thousand, two hundred twenty-five shares and it drops down to 358. And I stop out at 361 for $225 loss. So kind of a bummer there, it consolidates sideways.

it actually ends up popping back up. and so I get back in here at three Slovers it 379 Right Here it pops up to a high of 380, pulls back double tops at 380, and then I'm stopping out right here on this drop and trying to actually get out mostly as it pops back up. So you know those are my two trades: Two losses, back-to-back 9000 shares on the second trade. Maybe that was too much.

sighs probably was stopped out at 60, 59, and 61. So I didn't sell at the bottom of the drop I let it pop back up. that reduce the loss somewhat. but you know, just like that.

250 down on the first trade, 1,700 on the second. that's 1,900 bucks in the red. Of course, what's frustrating on this is to see it come and pop right back up to, you know, 389 a moment later. but there was no reason to think it would do that.

that's not. You know, a very logical setup and then it just continued to fade. I'll switch this to the 1-minute chart we were I was just showing people something earlier this morning on the 10 second. So anyways, choppy action there.

Chop Chop chop II Kind of a bummer, right? You know Again, in hindsight, it would have been better off not trading at all today I Thought what made me willing to trade this stock was that I thought it had the potential to make a 20 cent move, 15 20 cent move and unlike some of the stocks yesterday that didn't I think really had a lot of potential. This one I thought had potential being a former owner or lower float stock popping. So the entry of 55 you know that made sense pops up holds the level. so I get in up here.

it does a one-minute false breakout so that's a bummer. I get out quickly, small loss and then I get back in. you know, kind of aggressively up here and then get stopped out on this. you know, sharp Drop, So yeah, you know I I just didn't really trade that one super well, so that's kind of a bummer.

But and and then that was it. it costs. This one popped up, got halted on a circuit breaker, tried to take a scalp four dollars. It popped up to a high of 410.

drop back down to 360. Not very clean there either and there was really nothing else. Ciarra when this one some traders were talking about today I wasn't interested in it I saw it on the Gap scanner gapping up, but it's a hundred fifty million Sheriff low. so it's much more crowded than what I'm typically used to and I just didn't expect it to be clean, open, popped up, sold off, squeezed up, sold off I don't know there was volatility there, but I'm not sure where I really would have traded it.

Maybe this one minute pullback at 860 for a move up to eight 78-75 probably wouldn't have been a home run. TN XP this one choppy, it's it's just kind of been in range today, not really doing a whole lot. Not sure why my charts are funny, but yeah, you can see it's kind of in range. It was selling off a little bit pre market pops up a little bit, but you know, not really giving us big moves.

So for me, in order to make decent money I Really need stocks that I think can very likely go 15 20 cents and have the potential to go 40, 50, 60 cents, maybe more? GEVO I thought had that potential being that's a former runner. it's been kind of beating up for a while and maybe it would start to take off and really open up. Not uncommon to see that happen. Today wasn't the day TN XP I Didn't think it had the potential to make a really big move so I just left it alone.

CH FS was on the scans earlier, didn't think it had a lot of potential either. so I left that one alone. So August you know, no doubt is for me, been the second most difficult month of the year. Historically August has been a difficult month for me in the past, so you know it continues to kind of frustrate me.

and again, you know just based on the fact that August has been tricky I probably shouldn't have taken 9 thousand shares on that second trade on GEVO You know it, Even if I saw an A quality set up, the fact that that set up is occurring in the month of August means it's not a quality because there's audist doesn't give us a quality set ups. so anything at best is B quality. and this is where during the classes I've been rewatching recordings with me trading and sometimes I'm like why was I adding there but that was so aggressive that was a stupid trade on this one. I got in at with the 6,000 shares, it dropped down and then I added 3,000 for the break over AV and it immediately dropped.

So you know I was stepping up to the plate and adding back on this one-minute pullback and that was obviously the wrong move. but the fact that I was in the stock and was down when it came back up I should just gotten out break-even right? The fact that the best setups work instantly and the worst ones you get in and they drop instantly. if they do pop back up is an opportunity to reduce the lost or get out flat. It's not a good time to add, but in the heat of the moment, you know frustration.

The fact that I didn't trade yesterday and I'm really wanting to try to find a good opportunity and that I'm already down 250 bucks on the day you know that starts to be um, you know kind of talking in your ear saying yeah, add on. this has the potential to go up to $4 you're at 380. It hits 385 388. Next thing you know, you're gonna see 395 $4 405.

Grab the 10,000 shares, Scalp that for ten fifteen cents. You're gonna get your thousand dollar daily goal and all of that is thinking about your potential, your potential, your potential, and the part that's saying risk, risk risk is just quiet and you know that's when you know you're you're starting to be more emotional and you're trading. You know more from that perspective and we all deal with it. Now, even with years of experience, you're gonna deal with it If you're someone who never, you know, experiences emotion while you're trading.

You know I'd like to meet you because I've never met someone who's who's like that. It's just it's something that we're all gonna deal with it one point or another. you know, and you may have months where you have really good composure and then you do something where you're aggressive and I'm not gonna say that I GEVO like I'm not beating myself up for it I'm damn 1,900 bucks I Didn't blow past my daily max loss I was close to it but I didn't go below it I didn't take a five $10,000 loss on it I didn't go crazy I didn't throw 15 20,000 shares at it. but I did take a little bit more risk than I probably should have and so that's a little disappointing.

But again, you know it's keeping things in perspective. I'm still the trader who made a hundred and seventeen thousand dollars in the month of January I'm the same person now this month I'm down two grand I was breakeven before today now I'm down nineteen hundred on the month so you know what's different I'm still the same person I'm still the same trader so the markets different and that is the case. We're in a little bit of a choppy market, so you got to kind of remind yourself of that and give yourself a pat on the back and say like Selena said earlier, every day you're sitting in the chair, you're gaining experience. You're becoming a little bit, you know, just more.

I don't know, you're just gaining more experience and that's a good thing. Some days you're gonna be on the right side, some days you're on the wrong side. Today I'm on the wrong side. but you know I'm still up 364,000 ores Bri I'm sixty two thousand on the year.

It's been a great year. a little bit of a setback here the last couple weeks. kind of, just you know. grinding I lost about 12,000 over the course of three days, so that was the start of August I've then been grinding my way back up to break-even so, I'm at breakeven and well, today I didn't down two grand.

So you know I'm still kind of in this chopped and obviously I'd like to get myself to Green on the month I'd like to get myself up ten or fifteen, maybe twenty thousand dollars, but I need some really good opportunities to get there. If we don't have those good opportunities, it's not gonna happen as much as I'd like it to. Well, at the end of, well, I started June down 16 grand and I finished up 36,000 because in the last two weeks I made 22,000 on week 3 and 26,000 on week 4. So $55,000 50 or whatever in 50,000 plus in two weeks of trading when the markets hot, I can stack up the profits and I can be aggressive and I can make a ton of money.

but when the markets low doesn't matter how much size I take doesn't matter. You know how aggressive I want to be if if the opportunities aren't there, they're not there. So it's tough. You know we don't come here to sit and lose money, but every day you sit here, you do gain experience and that's what's you know, that's what's really valuable.

So I think the lesson from today you know continues to be August is choppy wait for something to really show strength I thought getting up here, getting it up here at 70 by the fact that it was this strong was a sign of strength. So this was a good set up but didn't work. drop down. Then of course I thought it was strength that it popped right back up despite that drop.

So I was willing to get back in now thinking closer to $4 but couldn't quite do it. So you know that's that's the way it goes CRO n there was a little activity there GEVO Of course you know if it does end up breaking $4 today, whatever, that'd be a little disappointing that I managed to lose on it, but that's just the way it goes. Sometimes costs didn't hold up, so hopefully we get to the other side of this quick. I Mean the nice thing about being a slow market like this is that you know you know what comes next is things pick up.

So when you're at the sort of bottom of the lull and things are slow, you can be bummed about it. But on the other hand, you know that around the corner there's gonna be another really hot stock. It's been now, almost, well, three weeks since we had that strong momentum on Awx. that was kind of our last big, really crazy stock.

Yes, we had CBS I yesterday, but that's a TC and most of us don't trade OTC so leave that one alone. Cro N Yeah I mean decent. Moved the last two days, but not not crazy parabolic. so I wouldn't say that one's really it.

so you know things are coming and it's just a good time to study up. Be prepared. and when we do see that one that really shows strength, make sure you're ready to capitalize on it. That way you know you get right back into it and realistically losing twelve thousand even though well, I guess now in the last three weeks I've lost a total of two thousand dollars net because I was breakeven until today.

So if in three weeks I am breakeven or I lose two grand, that's You know, the part of my equity curve where it's up up and then it's a couple weeks of sideways like this? Well, that's what comes next. and that's what how it's always been for me. You know I'll have these periods of sideways. The good news is that during these periods of sideways, when the markets choppy I'm not going like this I'm not giving back all my gains I'm just going sideways.

So yeah, today I'm down a little bit. You know. last week I had a couple, of, you know, a $2,800 day on Monday a $1700 day on Tuesday So you know it's like two steps forward. two steps back.

What? I don't have are the five and ten thousand dollar winners. That's what I need to make up for these two thousand dollar days. This is a standard red day. There's nothing abnormal about this red day.

It's just that I'm not having the big green days to make up for it. So anyways, that's about it for me. today. red day recap Down: 1,900 bucks.

That's not a blowout, it's nothing really. You know, whatever. it's just continuing the choppy markets. probably over little over-aggressive today.

not the right time for it. So you know tomorrow just got to try to be green. Even if it's just 500 bucks, that'd be a good way to, you know, kind of get back on on the horse tomorrow. Alright, so that's it for me.

Look back at it first thing tomorrow. Morning students, We've got class at noon time. so class in an hour and we'll be continuing. Chapter seven on the High Add a momentum strategy.

All right. So I'll see you guys in class at noon time. Everyone else will see first thing tomorrow morning. All right bye guys, If you're still watching, you must have really enjoyed that video.

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