What's up, everyone? All right? Well, today is a Rendi recap and I'm disappointed with my trading today. When we get into the recap, you'll see that I traded about 12, maybe even 13 different stocks today. It was crazy. Today was the definition of overtraining I frustrated myself, but of course this is part of trading ups and downs.

Coming into today: I was up about 53,000 on the month I'm down over 4 grand right now, so that's a you know, almost giving back 10% of what I made last week. It's not the end of the world by any means. it's fine, all things considered. big picture.

but within the confines of today, today's trading was really not good and what I allowed was I allowed myself to trade based on trying to set a new consecutive Green Day record and being green by even just a dollar was infinitely better than being read by a dollar. And in fact, today I was down one dollar and 26 cents at one point, having been down two thousand and dug my way out of the hole and I didn't stop because I was still red. That's what we talk about a lot is the emotions of trading tripping me up. It happened today and you know I went from damn one dollar and 26 cents, you know? And then I just started rolling back down into the red.

It was like I went red I came back up to the V whap and then I faded off the V lap and I'm finishing down. Basically I'm done for the day I'm not below my max loss, but I'm not going to keep trading I'm frustrated and the feeling of being frustrated is a cue to walk away. and I should have walked away sooner. and I was just really holding on hope for you know this stupid consecutive Green Day thing and at the end of the month, the end of the year, those things were meaningless Being down $100 on the day or $1 on the day? It's it.

Doesn't matter when you're looking at the big picture of 250 trading days in the year, it's it's just more important if you focus to trade the market you're in today. I Let myself trade something different than that. So this loss is a hundred percent self-inflicted It's what I get. It's what I deserve I trade it through the afternoon and you know when these things happen consistently that I lose money when I trade outside my wheelhouse, then if further reinforces, stay in the wheelhouse, don't go outside the Millhouse.

But the problem of course is that sometimes you step outside your wheelhouse and you get lucky. Monday and Tuesday It was really easy for me to say all right I've done my two trades and I'm done. Why was that? Well I was trading from home which I don't usually do I'm in my office here downtown when I trade from home I typically will trade for an hour and a half, whatever and then shut down that computer and I come into the office but my charts aren't set up. my computer's not set up to train at all.

so I don't I don't trade ID I don't even look at the market basically I walk away at 10:30 and the markets not even open anymore. It's just sad in my mind. and I was thinking about the thought of being like you know, in a casino like in Las Vegas and you know I've been the Las Vegas a few times and I've gambled at the tables and you know when I go and gamble, there's usually a certain point where I'm like okay, I'm gonna walk away now before I lose money. so I'll play a couple of you know, a couple of games at the table and then I walk away and every time I've gone to Vegas I've walked away with money in my pocket.

Not enough to pay for the trip, but you know enough. I was like hey, good job Green The thought of saying okay, I'm done and then saying but I'm gonna sit here in the casino for the next three hours and watch other people around me make money celebrate. Yeah, you know, great great hand-pulled blow up. whatever it's you know, like that eventually I would have a breaking point where I'm like, you know what, screw this everyone's making money I'm going back into and you know what would probably happen most times I probably lose my money but every now and then I would make more money and so the cure of course is to walk away.

walk away. And it's not just walk away. you know, close the trading platform. but keep all the charts up and keep the chatroom up and everything else.

because that's not walking away, you're still watching it. You're still watching other people make money. You're still gonna feel foam on frustration. everything else you have to get up and walk away.

and that's something that I am so bad at doing right here in this office. And it's because when I'm done trading on this computer I leave it here I leave all my charts up and I just do work on this computer. but then you know I look over and I see something happening I look over the chat room but I start feeling you're missing out FOMO and next thing you know I can convince myself to take a train when it's out of sight. It's totally out of mind for me, but when it's in sight, it is so hard for me to have the discipline to just sit and watch and and to not jump on the opportunity.

Some days are easier than others. of course you know. a day where I've made a lot of money I can easily say hey, you know I've made money I'm done. But I day where I'm red and I'm thinking hey, that could be my opportunity to get back into the green.

Those are the days where I you know I'm a much weaker I don't have that discipline I don't have as much of the strength you know. This is again one of those things with with trading. It's if you just can have the discipline to follow your rules consistently. You can do so much better than when you break rules.

And today, the the rule that I broke. You know again, I can make a list of a hundred and fifty different rules of different types that I should follow. The ones that I really follow strictly right now are max loss on the day, three consecutive red trades and if I give back half of my gains I'm done. If I have already had my daily goal I never get my daily goal - So I didn't break any of those rooms I trade past lunchtime? Yes.

Is that a hard set rule? You know, you know cuz sometimes, especially when the market is really high, you don't want a rule that's confining you don't want to have a you don't want to stop trading when there's still lots of opportunity. Today's a day that I just traded outside my wheelhouse probably wouldn't be different from trading a stock like Tesla or Amazon you know or something like that. it's outside my wheelhouse and I will have to dig myself out of the hole. You're not gonna get out tomorrow.

It's very unlikely this week has been slow. Monday Tuesday and Wednesday were slow and today I just gave back everything I made in the last three days. Three steps forward, one huge step back. So the life of a trader, it's not easy.

You know this is the stuff that we struggle with. It's a challenge, so be back at it tomorrow. I Will do the recap I'll get into it. There's too many trades to break down each individual one, but talk about some of the highlights and as always questions, comments leave them down below I Hope this is helpful, right? The recap sometimes are more helpful than the Green Day recap.

so hope you guys enjoy it and I'll see you first thing tomorrow. All right. So we're gonna go over the trades from today. Let's go take a while.

I Traded one two three four five, six seven, eight, nine, ten, eleven, twelve, thirteen different stocks. Today was a disaster. The only reason I kept trading today was because I wanted to maintain this this silly hot streak I Say it's silly because it threw me off my game and I'm very disappointed that I over traded as much as I did I started a day. These aren't chronological I don't know if there's a way to list them chronologically, but anyways, my first trade of the day was on CPA H So this morning, you know, kind of started like any other day.

We had a decent-looking Gap scanner. Timeframe: 925 oops I'll do am there we go 9:25 a.m. CPA H was our leading gapper of 55 percent. Honestly, I thought it looked good out of the gates for a trade and by the time the bell was ringing, it was already fairly extended.

and so what I decided to do on this was I let it dip down and then I actually bought it right around here as it was dipping thinking that it was gonna bounce off the V whap and and curl up and I was wrong. It broke the view app and I lost 1200 bucks actually I lost about a thousand on my first trade so I was down a thousand dollars on my first trade on CPA H right off the watch list and Apt was the second stock. I was watching this morning and I took a trade on that one out of the gates I was trying to do a red to green move and I lost 200 bucks on it and so with that in the first five minutes of the day, I was down $1,200 and this was where I took my red to green attempt on Apt. So that's a bad start to the day.

You know, losing $1,200 that's not great, but of course, five minutes into the day or four minutes of the day, it's not the end of the day by any means. I didn't hit my max loss and I felt that it was still definitely worth. You know, keeping my eye on on what was moving. So other stocks on the Gap scanner we had n NV C and works Wor X I did take a trade on Wor X Shortly after the open, it hit the highe day momentum scanner right here at 309 it's starting to pop up I jumped in in the 20s.

it ends up popping up to a high of three I guess 39 I ended up making a total of $285 on it, all right? So now I'm down only a thousand on the day I'm moving back in the right direction which is good I was feeling feeling ok about that. Next trade was happy h AP p and on this one I lost 1,300 bucks and so after this trade I was down over 2000 on the day and I was kind of like alright, this might not be good. This stock popped up right here. It did a little pullback under 450 I Bought at 450 it broke and hit a high of 472 and then flushed down here to 413.

I stopped out and took the loss. so at that point I was starting to feel like my odds of getting back to Green we're not looking good but that I would wait to see if something started to open up and maybe we got like a circuit breaker halt or something like that. The next trade I took was on NBC This was a very quick trade. It was a little on the riskier side and it was this breakout right here.

I took that trade on an NBC and made 144 dollars. So you know when you're down two grand and then you have $144 winter it's kind of like alright. Well I guess that's nice, but that's not really gonna cut it. And then I saw that this stock M EDS had opened at 9:45 to start trading.

This was its first day trading on this exchange and it squeezed from six dollars all the way up to eight. So as this popped up I jumped on it fairly quickly at 678 right here to the micro pullback and I jumped in at 678. It squeezes up here to a high of 732 and I'm holding into the Hult. It then resumes from the hall.

it hits a high of 750. You know what I did I added right here at 750. It then drops all the way to 660 I held through the drop because it was a flash drop. It then pops back up and rips up to $8 and I sold it for 1500 $63 and I was like whoa that was a close one.

So I booked my profit on it and and actually I thought maybe that this would give a second opportunity later in the day, but it ended up coming back a little bit fading a little bit too much. so kind of a little bit, of a wild trade there on M EDS but with that I was down only about 500 on the day. So now I was you know, really heading in the right direction. Next stock that I traded was E^x TN This one, as you can see here, did a little bit of a pullback right in this area.

It then broke out to the upside: I bought it I didn't buy it on the break of 6 I bought it. It's sort of a terrible place and I actually bought it at about 6:15 as it kind of pulled back right here at 606 and then ripped up I thought at this point as it was getting further away from $6 that it was going to continue and I really jumped in that one - impulsively and I lost $493 So now is back down, tuned down 900 down but not out. alright. next trade CPA H CPH I jumped back in for a for this red to green move right here and I made back about three hundred dollars on it and so I'm that I'm down now only 788.

So after this trade, I was down only about six hundred dollars on the day, maybe 700. Alright, so moving back in the right direction, but of course Commission's are building up. A Rgx did a quick SRA Grx did a quick sell off this morning. Really kind of crazy when you think about it.

The stock rolls over, goes from 420 all the way down to a low of 272 and then bounces coming back up. I took a small position and made only a hundred and forty dollars. so whatever, nothing to write home about there, that was that trade was that I took was right around here, so a small trade on that one, but it put me at that point down maybe 500 on the day and then I start trading GNP x GN Px was coming up to $2 and I bought 15,000 shares for the break of two. it pops up to two, hits 202, flushes back down to 197.

It comes back up to 204 and I sold I got out it then pops quickly to 210, drops back down I got back in at 210 I sold it like 212. So I made like three cents here. two cents here I got back in as it moved a little bit higher during the lunch hour. squeeze all the way to 260 and then right.

here's it start to curl back up I got back in for this break and added right here for the break over 250 again 15,000 shares. My cost basis was 245 because I added most of my shares up at 250 and then I stopped out as it came back down and that cost me about $2,800 That one loss right there because there's 15,000 shares and I lost almost 20 cents a share. So I lost on that trade 3000 bucks which was disappointing. So you can see that's my biggest read trade of the day.

I also had a couple trades, a couple of these other stocks BC Li this was the tray that I took directly after lunch I bought this pullback right here and then proceeded to stop out as it came back to the V web. I lost 1500 bucks on that I had a couple other trades here BL pH and Bs I mean again, it's just I I over traded today I was desperately trying to get myself back to the green and the closest I was to green was when I came back from lunch and I was up $198 actually before my Commission's after commissions I knew I was down quite a bit and you know I had a day last month where I spent over one thousand seven hundred dollars in commissions in one day I talked about that during my January month in review so that was a pretty terrible day as you can imagine and I was extremely disappointed with myself. So coming into the day here, this is where I was sitting on the month from 142,000 in my account up to one hundred and ninety four fifty three thousand, five hundred seventy four dollars of profit. and today now I'm down 4184 of course not including my Commission's on the day.

so my Commission's today total. Let's see: I can show you right here, did you - - All right. So there's my Commission's today: 258 dollars in commissions, five hundred ninety-eight dollars in Ecn fees which equals you know, six hundred dollars plus 250 eight hundred fifty dollars in commissions. So you know, frustrating makes a bad day worse.

and of course it makes a good day not as good when I when I do have good days. The nice thing about this type of platform is how quickly I can trade and this is right now has a huge spread. The Nasdaq test stock but let's see if I can get in. No, it's it's actually not allowing me to get in.

so this you know what. Screw this this is so annoying. Yeah, 600 shares, whatever. Typically this this should be really quick but it's just not working.

I was going to show you for example one of the reasons that I like using this type of platform but that was a bad example because obviously didn't work. But but you know, whatever just for for the for the heck of for the heck of it. I'll just do a couple 10 share trades here so we'll just look at my position here. I'll just press the Buy button so there I've got so you can see how quickly by its instantaneous right, instantaneous execution.

and I sell half it's gone I buy it's gone. So I'm jacking up my commissions a little bit more today, but that's what I like about this platform that I can trade that quickly. but you pay for every trade you take and you know if I trade in TD Ameritrade I cannot trade that quickly. it is simply not possible.

So TD Ameritrade for instance, with my side Hustle Challenge you know it's a platform that in some ways I like and is good, but it's very limiting in the way you can trade fast moving stocks. So you know I have Lightspeed for a reason. But the thing you have to respect is you've gotta respect how much you pay on every trade you take. And when you start over trading.

oh my gosh, you can. You can really run your commissions up very quickly. And this isn't different from Cmeg. It's not different from a lot of a lot of the other brokers out there.

So anyways, and I've got a run I've got a meeting that I'm a little bit late to, so I'm gonna go jump onto that and I will catch up with you guys first thing tomorrow morning. All right, see you guys later. learn more about trading. Check out some of the links in my description and if you have questions, ask them in the comments I personally respond to every question, post it on my channel and don't forget to subscribe.

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