What's up everyone? All right, You probably didn't see me. I I Was just over there digging myself a hole. It's a huge hole. $16,000 deep.

It's one of the biggest holes of all time. So I gave myself a project for the month of June and good thing I like challenges because now I've got to work myself out of the hole down sixteen thousand dollars in one day. What is wrong with me? Why was I so aggressive I Always do this. Is it the beginning of the month that I just try to come out you know, swinging for the fences and get that big strikeout.

Three trades today. First trade right out of the gates, down 2,700 bucks Second trade: nine thousand dollar loss you know I was trying to bounce back a little bit from the first trade. Second trade I jumped in a little high I chased it up and you know in a strong market I would have gotten away with it. probably would have been able to make five six thousand dollars on it in the market that we were in today.

Boom. Dropped right back down I got stopped out. Third trade: I Get in I'm up $7,000 Do I take the profit? No I don't take the profit because being up 7,000 when you're already down 12 grand isn't enough. That's how your head screws with you and you have a big red day.

and when it came back down I Stopped out and got slippage on ten thousand share position and lost another $4,000 down 16 grand on the day. Not a fun day, but we're gonna do our midday market recap just like we do every single day. So enjoy it, go through. you know any questions you have.

put them down below. I'll come back and answer them later this weekend. All right, So that's it for me. I'll see you guys back in a chat room Monday morning and hope you enjoy the midday margaery cap.

All right everyone. So we're gonna do our midday market recap. Go over the trades from today. This for me was an ugly day.

Worst Day Of The year. This is probably my worst day of jingle Day of trading and this might be my second worst day ever. I'm really disappointed. It's it's a combination of things that went wrong and you know it's it's what happens when you're too aggressive and when you trade with big size emotions start to get in.

You know, start to factor in and today I just made some you know decisions. I was being way too aggressive and you know you don't get to two hundred eighty thousand dollars on the year and you know by June 1st by being conservative, you have to be aggressive and it's just always walking that line of being just aggressive enough to maximize profit and not too aggressive that you give back profit. you know, and that's that's where it's You know it's always a little bit of a challenge and sometimes we cross that line and we're on the other side and that's when you know you have those big losses, but you know you just don't really know where the line is until you start to cross it. And that's that's the thing that I think most traders experience.

Probably every single one of us in the room have gone through it and you know had days where you're trying to capitalize on opportunities. You're trying to be aggressive and you know you. you just get knocked down. So I'm I'm disappointed.

It's not a good way start the month, no doubt about it. But what I'm gonna do is I'm gonna put a little sticky note right here over June 1st and we're just gonna pretend that date didn't even happen. and I'm gonna start next Monday Fresh head, clean slate. Not gonna worry about it I'm not gonna try to dig myself out of the hole.

I'm just gonna focus on Monday being a good day and now I'm at the gym Looks great. This is a good looking month so we've got lots of opportunity here for rebound. and you know, yes it is a red day. It's a disappointing day, but you have to be able to bounce back.

and I've got knocked off the horse so many times. I'm used to hitting the ground and getting right back up. so I'll get right back up. it's you know, not a big deal.

16,000 certainly is. Seems like a lot of money. It is a lot of money. last month at this time in two days I made $60,000 So keep it in perspective the the the numbers are big because the share size is big and you know that it's all relative.

So for some of you guys who are beginner traders, 16,000 is maybe more than you'd make in six months of trading. and I remember when I was there, but you know you keep working at it. You'll get to the place where I'm at, where six months of trading is a quarter million dollars, three hundred thousand dollars, and so losing 16 grand in one day. You know, yeah, if you think of it as how many you know Chipotle burritos you could have bought, it seems like a lot.

but when you put it into the perspective of how much you've made and relative what that pullback is, it's actually not that bad. So I'm up 200. I was up 280 thousand dollars on the year before today. So this is, you know, like a five percent pull back on my P&L and that's not out of the range of what's tolerable for me.

I've had pull backs as sharp as about 20% and that's that's par for the course when you're when you're being aggressive. So let's look at the trades from today. You guys are gonna get to see the PNL of a big loss, which you know it's fairly uncommon. Like I said, this will be probably the second biggest loss that I've ever had.

The first biggest is $30,000 So the the Green Day's have been getting bigger and bigger and bigger the longer I've been trading. but the red day's get bigger and bigger also because I'm stepping up to the plate with some big size. So what happened today? Well right off the watchlist we had two stocks Jagex which was a maybe this one was only a maybe because the float is awfully high. it's a 126 million share float but it is a recent or split.

The reverse split was today and so as soon as and we put silence which screenshare. as soon as the bell rang it started to take off and I didn't think it would but but it did and so I jumped in it as quickly as I could. but I got partial fills on it at 48 and 50 and then I added high being a little aggressive at 70 still getting partial fills and then I added more at 320 and 320 and 320. so my average ended up being to 85 to 88.

so some of you guys got in at 250 which is you know where we were calling it out is a good entry. the half dollar and I was getting in way up here at $3 so I didn't get a very good entry on this. I had 10,000 shares, its halted, it resumes and I add coming out of the halt right at 3:20 and then it instantly drops. Two minutes later, its back at 206.

So you know I mean this is one of those things where 90% of the time stocks that halt going up open higher and continue. And this was one of those times where it halted going up and it resumed and instantly turned around. And this happened at some point earlier in the year I don't remember the stock I mean it's happened a couple other times. it doesn't happen often, but when it does, it hurts and I was in at this point with the ad I was in at 3 sorry, 297 was 16 thousand shares.

The target for me was a tap of $4 which was the 200 moving average. That would have been a $16,000 winner, but that didn't happen. It dropped all the way back down to 2 and I stopped out on the way back down and I lost $9,000 on it. So you know that's a pretty good sized loss.

And here's the thing. when you're trading with 16,000 shares, you can't use stop orders. You can't use stop orders because you can't sell in one order. You can't sell 16,000 shares in one block.

You've got a piece out of it and so you know, of course, a piece out of it. You know, trying to sell at 4:59 4050, 4323. You know I'm selling as it goes down and I'm not getting good fills. So with a stop if you use an actual stop order you would get destroyed by the market makers.

So once you get to the point of trading a big-sized you have to be able to handle. you know, not using stop orders. But this is the downside again guys, you know this is right now. You're kind of seeing the extremes of my strategy last month.

At this time two days where I made 60,000 dollars and that's being really aggressive. Not any different from today. Today the market was just not on my side. So today's a day where I was really aggressive and it didn't work out and so this is.

You know the downside of that. Now if you're trading with a tenth of the share sizes me you know then your your profits and losses will be. you know a tenth of this number. So or you know, relatively speaking.

so Jagex that was a total fail I Just you know it, It faked me out I thought because it was squeezing up so quickly that it would continue and it just did it. So it gave back some profit on that one. and my first trade of the day was SLS This was on our watch list for a Gap and Go stock and again you know this is this is gapping up with news I Get into 6e, Five and six 95 with 7,500 shares and it promptly drops to 650. You know it, the gap and Go strategy works most of the time, but there are times where you'll see this type of thing happen and so I lost 2,700 bucks on that.

So with these two trades, I was down 12,000 on the day and I was like I'm done for the day I'm not gonna take any more trades and you know this is always that thing. If I should have followed, you know the Goddang rules because I got back in to see Odx I started to get FOMO ICC ODI ex-squeeze up from 350 to 4 and you know I wasn't in it cuz I just you know just taking this big loss. then I goes to 450 475 to 5 and I'm like my god, you've got to be kidding me. This thing is just running and I'm missing it FOMO Emotions They're running higher and higher and higher.

Next thing you know, it taps for 545 and is halted and this does the same thing. it halts and then it drops on the drop. I got in at 518. Let's let me scroll down.

I got in at 5:18 and 523 and 524 I got it was 7500 shares it. let's see I got in right out of the halt and it drops to 480 and I'm down 3,000 bucks and I was like you know what at this point I was like at a place where I was like I'm just gonna set a stop at 450 And I'm gonna walk away and if I come back in three hours and it's at eight dollars then I'm a hero. and if I come back and it stopped out then you know whatever. So I just you know, that's kind of.

So that's where you see that emotions now because I'm at the kind of extremes in my P&L The emotions are starting to pick up more and more and that's where the trades become less and less calculated. They become more impulsive, more aggressive, and that's when you start to snowball and go further into the red almost always. Now sometimes you do get a bailout and on this one I had 10,000 shares at a 537 average and I held through the move to 594 so that's about $7,000 but I didn't sell it I didn't sell it I held it because I wanted to see a break over $6 and being up 7,000 did not get me out of the hole. That wasn't enough and so instead of taking a $7,000 profit and getting out, I held through this consolidation saying thinking, you know, All right, it's consolidating, You know it's It Looks good for a move up to 684 which would be all-time highs back here.

So that's the level that I was watching and you know if that had happened I I would have gotten the bailout. You know I would have finished the day up to $3,000 and I would have had a you know 12, 14, $15,000 winner on CEO DX but instead it dropped on these two candles right here. broke the bottom of the flag and I didn't want to stop out and then I finally stopped out when I was at pretty much my max loss of $4,000 on it. You know? So this is.

you know this is the the life of being a aggressive momentum breakout trader. You know it's I'm very very fortunate I'm sitting even after today I'm up 260 eggs or $65,000 on the year. I've got nothing to complain about. You know I've you know, very successful.

but this is part of the deal. When you step up to the plate and and you get aggressive, you're gonna have the big green days and those are awesome. But then you're gonna have the red days and so you know. One of the things that I say about trading is you have to take the good with the bad and today is no doubt you know the bad right? Having a day where you lose 16,000 bucks is is not gonna be the highlight of your year.

the highlight of your month. It's gonna take me, you know, probably a couple weeks to dig myself out of this hole. Granted, if we have really strong momentum next week, you know I could make back 16,000 in one day. My best day is forty thousand dollars of profit, so it doesn't mean I can't bounce back quick.

But if you think about how I feel right now on the lows of, you know not only did I lose, you know, sixteen thousand today I had a red day yesterday I lost three grand. So I'm now down nineteen thousand in two days and that feels very low. That feels very discouraging. feels very disappointing and it's like you know, dang, you know what a day why did I get so aggressive? It's the beginning of the month and you know this is when it's time to build the cushion, not swing for the fences.

Momentum hasn't been good the last 3-4 days. You know all these things are running through my head, you know. but I step up to the plate, got aggressive and you know it took this good-sized loss. But when I look at my metrics and will just you know, pull them up and this is what I do anytime I have a big loss I mean really, it's like it's like clockwork.

I look at my metrics and I ask myself what am I doing right and what am I doing wrong and these aren't updated I haven't updated them in like the last week, but you know, just looking at the big picture, let's step back and look at the big picture. Gross Profit: Nine hundred and thirty-four thousand dollars on Trader View right now. Eight hundred and Thirty Six thousand. Let's just start, you know back it.

January 1st 2017 Filter: All right, Six Hundred and Fifteen thousand. So you know be back around six hundred grand. You look at the win-loss days, you know you look at the metrics and you start to feel confident that okay, yes, today was one of those days that you know is a little bit of a abnormality. It's a little bit of a swing, but this is you know this is life and I will bounce back.

I'm trying to find the one that I'm trying to find is my drop. My max drawdown: Where is it detailed? Maybe Well, I can't find it right now. but I don't know is this isn't always the easiest to use. But what I was looking for is oh, here we go.

So cumulative P&L right here. You know that's that's how much I've made whatever since I started this account. So back here a year and a half ago. Five hundred dollars in the account.

so you know three days in I'm at $125 right? and I've grown the account or on the account growing. the account had this long period of sideways consolidation I broke out of it. Boom big, move up sideways consolidation. A couple big red days through here as you can see and move up.

A big red day here and move up. You know? So these are the red days today: I'm on a dip I'm on a low and the lows always feel worse emotionally then the UPS feel good. You know it's like that emotional swing. it goes deeper red, then it goes up into the green.

But you know today is just going to be another one of those dips. I'll rally and we'll look back at this chart two months from now and I'll you know, probably be up here or something like that and it'll be like oh yeah yeah I remember that $16,000 day? yeah? I was a little too aggressive I had the you know, my tunnel vision I lost sight of the bigger picture I got a little emotional but I bounced back. So when I was getting started trading, one of the big things for me was was diving into my numbers like this and asking myself what am I doing right? what am I doing wrong And by doing that it helped me. You know, during those periods where my account was kind of slimming down a little bit, it helped me shed the strategies that weren't working.

You know, it helped me. sort of see. Okay, this is what I'm doing that's not working. You know? let's say trading stocks over $20 that's not working for me.

So I'm gonna cut out those eleven thousand dollars in losses. I'm gonna trim it and I'm gonna focus on what is working this area. You know, the volume, what's working. You know, being more aggressive.

Okay, I'm gonna continue to be aggressive. What price range is working? Okay, You know it's it's or well, that's not a price range and you know. but but you know what I mean, you know you just kind of keep narrowing it down until you've refined. You know what really really works for you.

But you know, even once you do that and you've been trading for five years and you know whatever I'm trading. as long as I have, you'll have days where you throw logic out the window and you give in to emotion. you know. And so today's a day where instead of capitalize on the mote on the on the FOMO I fell victim to it and I let myself be too aggressive and you know I got stubborn and you know I kind of said.

look I can afford to I can afford to hold through the pullback because my accounts big and blah blah blah and that makes you sloppy and you're not gonna come back and look at this thing tomorrow and you know Monday is probably $8 and I'll be like dang it, you know how am I the guy that you know bulb of a blog but that's the way it goes sometimes. So you know you guys. you know, unlike a lot of the traders out there that show you the green days and never show you these red days I like you to see both sides the coin because this is you know the life of a trader, you've got ups and you've got downs and we try to take them in stride. but you know these are.

these are certainly not the easiest days. This is a very easy job from a physical perspective, right? it's physically I'd just sit here and punch keys. You know, skill wise, it's not that hard to learn really. you could.

You guys go through a 90 day class and you've got the skill to trade. That's about it. You know it's pretty easy to learn, but the thing that will flare up from time to time are those emotions. the feelings of FOMO the fear of missing out, the greed.

the you know, just the fear, all of that stuff. That's that's what makes the market move. and sometimes you're on the right side of it and sometimes you're on the wrong side. And today's a day where I was on the wrong side and I I could have been profitable on every single one of every single one of my trades except for SLS I could have been profitable on on Jagex I got into 350 and it went up to a high of I got into 215 I hit a high of 320 I saw you guys saying yeah? nice I made $2,000 on Jagex I made this amount on Jack X's because you guys were taking profit I was being more aggressive I was buying as it was going up codex I was up seven thousand dollars on this I didn't take profit, right? Some of you guys got in down here at four dollars for fifteen on this little one-minute micro pullback which is a great entry.

It's one that we teach in the classes and you guys did well on it. You know I lost 4,300 despite the stock being up as much as it is. So you know it goes to show that having skill and going through the training and all that stuff isn't always enough. You've got to make sure your emotions are in check.

And you know today's a day where I just I wasn't there 100% So you know I was up late last night I was you know, doing emails until 2:30 in the morning? Maybe that's part of it I mean that's not that uncommon for me. So I think it's just a day where you know? I I just wasn't I don't know. the market wasn't on my side I was too aggressive and it's the perfect storm that just went the wrong way. So you know you try to compartmentalize it a little bit.

You know, just bottle it up. You know, into that little bottle, put the cork on and just bury it really deep. Really right? Kind of. You know, just right behind your heart, just deep deep deep deep there and and it'll come back at you in about you know, 30 40 years and that's alright.

But for right now, just bottle that up just just you know, put it down there so you know. For me it's kind of like I just I Just tried to compare it to other careers and things like that, you know. The Deadliest Catch When those guys I mean like $16,000 for guys running multi-million dollar fishing operations, it's nothing you know. And they set an entire string of pots and they forget to bait them properly and they have to go back and pick them all up.

How much does that cost them in fuel and all this stuff right when they go and hit a sandbar and you know, screw up their you know propeller. How much does that cost them to fix it? At ten thousand bucks you know it's like so it's easy to personalize and to feel like oh my god this isn't that. but you know my my business as a day trader because I'm a self-employed day trader. You know it's a it's a million dollar business and this year I have a good year I'll be in you know I guess five hundred six hundred thousand dollar range.

but you know over the course of years of trading it's made millions of dollars. So yeah, I'm down sixteen grand today. I'm not going to try to brush it under the carpet and say it's not a big deal it is. but once you reviewed it, once you've analyzed it, once you've given yourself the kind of breakdown of what you did right, what you did wrong, you got to put it behind you and you got to get back on the horse And that's what I'll do on Monday morning.

So anyways, that's it for me, you know I Hope this is helpful for you guys. those of you watching on Facebook Watching on YouTube You know, give me the thumbs up for doing the video and you know, throw comments below. I'll come back and answer them through the weekend and we'll be back at it on on Monday morning and you guys will just keep you know watching over my shoulder and learning as we go, learning from the ups and learning from the downs. Alright, so that's it for me I Hope you guys all have a great weekend, get some rest, relax, and we'll be back at it first thing Monday morning.

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