Alright guys, time to hit the road. I've got my bags packed and get everything loaded up into the car here and I'm out for the rest of the week. I'm gonna be trading but once again I'm gonna be trading with my traveling trading station. Alright, get this closed up my chin.

I'll see you at the end of the week. You're gonna be a good girl. Be a good girl for daddy. I'll see you at the end of the week.

Another wet and dreary day putting down the driveway here on my way out. gonna be in the car for a few hours so gonna get settled in. Alright so made my way up the back roads to the highway and settling in here. I'll be on this road for a while so we're getting ready to start a new week Monday morning and I'm already thinking about what am I gonna do this week because last week for me was obviously a pretty choppy week.

even though I finished well into the green I got myself off to a difficult start I lost money on think it was Monday Wednesday and Thursday and then I made $13,000 on Fridays So I ended up getting myself out of the hole. but I never liked to start the week in the red. So what you should do anytime you have a little bit of a slump. What any trader should do is go back and review your metrics, review your trades and try to figure out what was I doing right? What was I doing wrong? and so that's what I did I Went back and they looked at my trades from actually the last couple weeks and when I noticed is that since my kind of slump or slow period began, I had seen a sharp decrease in my accuracy.

So a couple of things I know number one, my accuracy went down from 74 percent which was really high to as low as 40% during the four days where I was really just totally not on my game and my profit and loss ratio decreased a little bit as well. so my average winners were much smaller. My average losses were bigger, which is not surprising because I wasn't really getting any good winning trades. If I include Friday then my profit loss ratio is actually not bad because I had to $12,000 single trade winner and that brings up all my averages for sure.

But looking through my metrics I kind of have noticed a couple of things and actually you know what before I get into those I'm gonna pull over here and get gas because even though I've got a decent amount I like being able to fill up where I know there's going to be diesel because it's such a pain in the butt to drive around looking for a diesel station when you need to get diesel and you're you know you're when you're really low. So let's see. Oh no. Actually it's like there's a diesel fill-up down here.

Alright, you're coming. So one of my friends was like run diesel is more expensive than gas. Why did you buy a diesel and I'm like dude, these cars take three Miam gas diesel is almost always cheaper than premium number one. The number two diesel engines almost always last longer than gas engines.

It's a win-win All right. Ready to get back on the highway? So you know? one of the things I was thinking about is if my accuracy is lower than what I really need to focus on for the next few days is trying to just take equality setups. Now one of the things that's interesting is I haven't taken a trade in my IRA account in like a week and a half and remember my IRA account right now has only ten thousand five hundred dollars in it or something like that. I can only take three trades per week because I'm below the Pvt level and so really if every trade has to count.

And my kind of rule of thumb is that with that account, I'm only trading stocks between a dollar fifty and four dollars because I want to be able to buy as many shares as I can even the four dollar stock I can really only buy like two thousand four hundred shares or something like that I can't take big sighs so you know trading nut that price range and then also only trading a stock that I feel like ninety percent confident in that it's going to go up at least fifteen. Twenty. Really more like twenty to thirty cents. I Don't want to take any trades unless I can get at least twenty to thirty cents.

15 cents isn't even really worth it because I don't want to blow one of my three trades of the week on some little ten fifteen cent scalp. You know I want to have each trade be like a thousand dollar winner. So the fact that I didn't see a single trade in the last week and a half, that was a good enough setup that I was willing to take it in my IRA I Think that's an indicator of the market that we're in and obviously it didn't stop me from taking trades in my main account. And you know, losing ten thousand dollars and then having to make it all back? Well making it back.

What's the wisdom? I got the fun part. but you know, digging myself a hole and then having to get myself out of it, You know? So this week I sort of have a couple observations to really number one in. January I was being very aggressive. So what I would do is I would buy a stock, I might buy 8,000 shares or even 10,000 shares of a stock and I'd be up thirty cents three thousand dollars and instead of sell it I would add another five thousand shares.

So now I'd be holding fifteen thousand shares and I would still be greed. But because I bought more now, my average cost is higher and so that's okay as long as it keeps going. But then here in February what's happened is a lot of those have turned around. and then I have to stop out with 15,000 shares.

And when you press the sell button with 15,000 shares, unless there's a 15,000 buyer sitting right there on the bid, you're going to get slippage. You're probably going to get filled five, seven, maybe even ten cents lower. And Fifteen thousand shares. That's 1,500 bucks.

So you know that, plus a lot of these stocks turning around so quickly and cost me a lot. So my feeling right now is that if I have that instinct to add, I should really refrain from doing that until we see a stock that's really going crazy now. Having said that on, Friday I took a trade on I think it was I Npx I think that was a symbol I it was on a watch list at 3:57 pre market on Friday and the bell rang and it immediately spiked up to four dollars and so even though I was chasing it I saw look this thing just moved 40 50 Cent's I'm gonna get in and I bought it at 405 so I chased it a little bit, got it in 405. it squeezed up to 485, it then pulled back and then it squeezed over $5 It hit a high of like 529 or 5:30 on Friday So that was a really big range and that was a stock where once I saw the potential I decided to be more aggressive.

So when I got in at at 405 and it popped up to 485, I was like okay, well now I'm up so much on this trade that I can actually afford to be a little bit more aggressive and add to my position because it's obviously showing the ability to move very quickly and you know, so he was already up like 40 percent on a day. In contrast, if I get into a stock and it let's say pops up at the breakout point, the first five-minute candle make a new high or the first one minute count will make a bit high if it only pops up 15 cents, it's not going to make as much sense for me to add there because I'm gonna add shares I'm not really that green on the name and so I think in those cases I should just not have I should just hold my poor position or maybe even sell half I don't know but I shouldn't have at least until we see more stocks doing what that's not good on Fridays you know, really going 30, 40, 50 percent. One of the things I've talked about a million times. The fact that for me, my big turning point my discovery was realizing that every single day, every single day, their stocks that move twenty to thirty percent.

which is crazy. And if you can capture even just a quarter of that move, your account can be growing 2% to 3% even 5% per day. Now, when you invest in mutual funds, you're lucky if you get 10% per year. So if your account account is growing 5% per day, that's obviously incredible.

What's even more incredible is that we have these little periods where we're seeing stocks move not just twenty to thirty percent in a day, but 50 to 100 percent sometimes even 200 or 300% in a day. And on those days, if you can capture 20 or 30% of those big moves, you're absolutely crushing. And those are the days that you. You know that we love.

Those are the home runs. But I have to remember that I've really built my career on base hit. It's not on home runs, so as nice as it is to have a thirty thousand dollar a day or a forty thousand dollar a day, the reality is those don't come along very often. And if I spend all my time trying to hit those big winners, I'm gonna miss out on a lot of base.

So I'm gonna give up a lot of base hits. and because I keep the profit when I have. So as we get ready to start the new week, I'm lucky that I've gotten myself out of the hole. I'm basically right now about break even on the month I'm up like eight hundred bucks.

So all right. I Get to you know, press the restart button and try this again. We're gonna start on the was at the eighth day. Well, tomorrow's going to be the twelve so you know whatever we're on the eighth day of.

February I'm just gonna start building on my account, try to get February back into good shape, try to get myself into the driver's seat, and if I can get myself up to 1520 thousand dollars on the month, that would be great. I'm not gonna try to have another hundred thousand dollar month here in February That doesn't seem like it'll be realistic, but at the same time the tides can change very quickly as we saw from January I did work in the February I was down 12,000 at my lowest point. so it's like momentum shift very quickly and just as it turned off, it can turn right back on. So I'm excited to see what Monday has in store for us.

and when I get into my hotel I'm gonna get everything set up, get my travel layout all situated and I'll show you guys what it looks like I don't know yet what kind of desk space I'll have I don't know if I'll have a fingers crossed that I have good Wi-Fi but you know we'll get settled in and make it happen. Alright, so I've got a bit more time here in the car Rainey Drive Winter in New England Rain, snow, ice gray days I Feel like I Haven't seen the Sun since Santa Barbara but you know what? I'm gonna be back in California soon and be back in a couple weeks. So enjoy New England and try to appreciate the changing of the seasons here Anyways, We'll get back to it first thing Monday Morning training and hopefully we're gonna find some awesome setups and I'll be able to I hit my thousand dollar daily golf first thing on Monday morning. Continue on to Atlantic Avenue You got a girl Alright, almost here coming into Boston This guy's in the middle of traffic backing up.

This is your bronies in the middle of traffic with his backup lights on. What is he doing? No bro, you're not cutting in. Oh my god we got a fender bender. So many cars.

hi how are you? Yes. Checking in? Sure. yeah if you want there's some bags in the back. Take a care but she's my number one girl.

Tell my wife I had I yeah BAM Top floor. there we go. A bad tree over there I'll sleep over there. look out the window over here.

Alright, it's exactly 6:30 Let's see how fast I can set up my traveling training station. Okay, so what do we have in here? We've got two computers, two external monitors, and a bunch of plugs. We're gonna make it happen. this thing.

I Don't need and time eight minutes. Not bad. I'm set up I'm connected to the Internet I'm ready to trade now I've just got to wait for the bell to ring I've got about 14 hours but I'm ready to go. All right.

So hopefully tomorrow. It's an awesome day and I'm gonna see you guys bright and early so we can start the week with some great trades. If you're still watching, you must have really enjoyed that video. So why not subscribe and get email alerts any time? I upload new content.

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