What's up everyone? Alright, so here we are: 40th day of 2019 up 3000 $365 Green is good I had about 10 trades total green on nine out of ten. 90% accuracy. Really kind of cleans the slate clear slate from the losses last week. so I feel good about that I am still red on the month I've got a little bit of a hole to dig myself out of, you know, drop down about $8,500 Well probably with the loss on Thursday about 9,000 so a pretty big drawdown bigger than I'd like.

biggest one that I've had probably six months, but it is what it is now. I'm digging myself out so making progress. The goal this week is just to try to be consistent, try to be green. focus on the best quality setups.

The profits will follow all right now. Special announcement tonight: 9:00 p.m. to 11:00 p.m. Eastern Both tonight and tomorrow night, we're leaving our futures room open.

Steve is going to be in there guiding you guys through the futures market. So those of you guys who can't day trade from 9:00 to 4:00 because you're working, come and check out the futures work. all right, so members will have access. You go to the dashboard, log in the futures room.

you'd be trading corn, soybeans, you know, oil, natural gas and stuff like that futures market or 24 hours a day so you know really gives you guys an opportunity in the evenings. Alright, so hope see Lots you guys in there for that and everyone else will see you first thing tomorrow morning. But as usual, give me a shout out of what you trade you today, the symbol, how much you made and let me know if you have any questions. I'll come back through and answer them later this afternoon.

All right, See you guys all I leave tonight and that first thing tomorrow morning. All right everyone. Well, we're gonna do our midday market recap here over the trades from this morning. there's still you know, a couple stocks moving, but I'm feeling like not gonna push my luck.

It's a green day. I'm up three thousand, three hundred, sixty-five dollars and seventy six cents and I should be happy with that and be done for the day. I'm not gonna push my luck today. So and really overall today we've definitely seen some action mostly in Chinese names.

J Mu is is moving up right now. This one I only made eight hundred and thirty five dollars on. You know it made a big move, but I you know when I first got in, it popped up to a high of 52. It got halted there, then resumed from the halt and dropped down to a low of let's see a 35 and so it dropped down.

Looked like maybe it was. you know, done. and then it rips back up so you know I got back out of the basically breakeven and then got back in as it started to move up. you know I couldn't really get a good blow risk entry because it was just sort of running higher and so overall kind of disappointing.

And of course now seeing it here up almost a dollar per share you know, but you never know which way it's gonna go and it could have gone either way. This one I'd watch 277 is the 200 moving average. you know possible resistance at that level. the five-minute chart.

You know an ABCD pattern here for the the break over 82 and that ended up giving us this nice squeeze up. So first pullback worked relatively well. it dropped all the way down to 88 here, but then you know, ripped back up so you know, like I said, some some good action but not the absolute easiest I'm only up 835 dollars on it CIFS another Chinese one. this one currently is up.

Let's see CIFS 82% so you know big gap in this name and Guam gap into continuation. So got a couple good trades on this. My first trade was at 497 right here so as soon as the bell rang, I jumped in this one right here. 497, 498 9,000 shares sold half up 10 cents sold the rest 505 503 504 Boom $800 in the first 20 seconds of the day.

You know that's a great start to the day and I was able from that $800 starting point build up my cushion a little bit more I took trades on it on this little pullback right here. This didn't end up working out super well, but I did make a couple hundred dollars, got myself from up 800 to up 1,100 and then we had another little pullback right up in this area. Let's see you know through here we have the pullback right here. We had a little pullback and right here we a little pullback.

so a couple opportunities there and then the last opportunity or the last trade that I took on it was a scalp right here. after it did this breakout which I missed I then bought the first pullback. So $1700 on CIFS Right now it has consolidation and a pivot around six-30 so if it broke over 6:30 I would expect a break of 644. But let's look at the volume today.

27 million shares. So this is a stock that's got a bit of tug-of-war You know, the long side traders, the short sellers battling it out, and you know right now, the long side traders I suppose are dominating. given that it's up 85 percent, but it's been choppy, popping up top, dropping down, up and down, up and down, and that time faction is a little more difficult to trade be Pth up $1,100 on it. The only trade that I took was a quick little red to green move which was right here.

Bought the first candle as it started to go green and boom you see that move. This was a red to green move from 656 all the way up to $7 so that's a 44 cent red to green move. I Took six thousand shares but I was able to scale out with eleven hundred dollars of profit. so a nice trade on that one ended up retracing, pulling back and then out of nowhere.

you know, boom squeezing up and getting halted. So made this big move here. but I just didn't want to push my luck on it and you know that one came back down. So CIFS and BP th and J mu All three of these were on watch this morning on our on our scans.

So J mu you know my first entry was a dollar thirty nine added into the halt, got my average up to a dollar forty four and then ended up selling at breakeven only to watch it rip up to a dollar ninety. so you know, super frustrating. but the same time you know I have to keep my stock super tight and I wasn't gonna let it go. read on me because yes you know I was already green on the day I wasn't gonna give it up so kept a tight stop, got right back out of it and then it goes and you know is up almost a dollar per share for my initial entry here.

But you know if it, if it's not breakout or you know freak out or bail out it's got to either go or I'm gonna step back and then this one. I ended up stepping back and not doing as well and as I could have but that's alright, you know Green is good and then GLG was a stock off the hide a momentum scanner. That one obviously is my only loser today. You can see it lighting up the scanner here.

94, 95, 96 I jumped in it. It pops up to a high of 98 and then dropped all the way down to 68. That's what we call a false breakout I took the $400 loss on it. so we'll finish today up.

Three thousand, three hundred sixty-five dollars a green day. That's what I wanted. You know that's after having a red day on Friday My only goal today was to be green and I achieved the goal. So I'm gonna put it in my calendar three point three K and today is the 40th day of the year.

Unfortunately, I am still read on the month of March. You know I'm still down about five grand so you know I put myself a little bit in the hole here I've got to dig myself out of it and that's you know that's the way it goes I was just really aggressive on Friday I was kind of swinging for a home run I think I was hoping that you know I Would you know? maybe I would get a 15 $20,000 day, maybe even a $30,000 a day and boom, you know crossover that that million dollar mark in this small account challenge and I ended up getting myself, you know, into a little bit of a you know, a pickle with a good-sized loss. so that's okay. I mean you know it's not okay, it's not great, but it's something I can recover from.

It's nothing that hasn't happened to me before, but you know someone asked me on. YouTube in the YouTube comments how I felt about being you know, discouraged from trading by friends and family and stuff like that because when I was getting started, a lot of people were really skeptical. You know they were like date, you're gonna day trade. you know, is that? how is that different from playing online poker online gambling? You know, are you just gonna gamble your life savings or you you know gonna be successful? I mean you know you hear about people who make money and then they give it all back and you know there was a lot of skepticism around this decision to start trading and I think what kept me motivated through that was continuing to see people and so hopefully I can be that person for you guys who are doing this consistently And you know, being a consistently successful trader is not about not losing, it's not about never having a loss, but it's about keeping the losses manageable and bouncing back from them and having a system where you know how to manage your risk and you know your upside potential.

You know, and once you have those things dialed in. success follows. As a beginner trader, no doubt. I lost.

you know more than I then I'd like to have and I I've lost more often than I made money simply because I didn't know how to manage risk I didn't have a good strategy for how I would trade the market. You know, I would just buy a stock like this right here at 33 and you know what? in this case, maybe it'll work. but you know, more often than um, you're buying stocks the highs like this. you're positioning yourself with more downside risk than upside potential.

And you know the biggest thing that's a struggle in the market is that sometimes you get positive reinforcement for negative behavior. So negative behavior would have been buying that at 33. you know, as they hit high a day, that's a bad entry. it's it's high-risk but positive reinforcement is when you end up selling it at 45 or 50 because it ended up going green anyways.

and and that's something that can be really bad. You know in terms of trying to build good habits, the fact that the market will sometimes reward you for doing the wrong thing and sometimes it will punish you for doing the right thing. And at the end of the day it's all just a matter of statistics. You know if you follow your rules, sometimes you know you'll do the right thing, which is stop out and you'll end up seeing the stock run without you and you're like man.

I followed my rules and I still am the guy who lost money on the stock. That's up. you know, 140 percent today. But that's okay because if you really have confidence in your system and you've got the historical track record to back it up, you know that? You know? Yeah, you'll have a couple rare days you'll have a couple times where the market does these false breakouts.

You know, Boom. there's that thirty thousand share seller, you know, and this is gonna dip down here. You know you see right there. 36,000 shares at 32, You know you're gonna have days where it doesn't work.

But over the long period of time you'll be profitable because you follow your rules. And so I think that getting discouraged by friends and family? you know it's obviously because they care about you and they don't want to see you. You know, do something where you're going to lose money and they know the statistics. You know? which is that most traders lose money and that's true and what separates us from the rest of those traders? What are you going to do that's different from the 90 percentage is out there that are losing money.

So you know that's where we try to give you an edge in the market by giving you a strategy that has a track record of being successful, verified, profitable by empowering you with the strategy, the rules, the right tools, and everything else. It doesn't mean you won't have red days from time to time, you know I'm in a little bit of a rut here I Had a red week last week. first red week of 2019. This week probably at best I'll get myself out of the hole from last week and you know, basically get a second chance at starting over the month of March You know, three or four days into it I'm still red, you know, 5,000 of the month, which is disappointing versus my $40,000 goal.

So now I've got to make 45 thousand to hit my goal about the same time. Some months are gonna be a little slow and you know I've just got to be I've just got to be okay with that. But you know, even after doing this for as long as I've done it, you know it doesn't mean you're not gonna have red days. you know? And they happen on on all scales and you know you can look at time.

I mean you know we talked about Bill Ackman losing four billion dollars on Balian and you know that was obviously something that was. You know, really? you know, pretty was the ticker for value that was VXR You see? yeah I didn't wear they they end up getting bought by someone or now I'm not sure VXR you know, but but I mean you could see it happy. HC Yeah so is this the same stock though? No, it looks like they did a they were bought out or something. Um yeah.

so well in any case, you know I mean you see it happen on all scales I mean that's a hedge fund trader losing four billion dollars. You know everyone, everyone has losses. He's still a billionaire, He's still really successful and you know I'm sure he'll continue to be successful. Loss has happened and they happen on on every scale.

Whether you're a trader that trades with you know a two three thousand dollar account or you're a hedge fund trader with you know, fifteen twenty thirty billion dollar account losses happen. And you know, like I said on Friday trying to be a trader and not getting lot. taking a loss is like trying to be a boxer and never getting punch. This is not gonna happen.

So you need to learn to take those hits. You know, not let them rattle you too much and get back up. Keep fighting, Follow your rules, you know and have that discipline so you know I Really encourage you guys to attend the Monday Mindfulness sessions every Monday at 8 a.m. we have our in-house trading therapists host those Ted posts them on Mondays at 8:00 a.m.

and then Fridays 3 P.m. FOMO Fridays where you know Last Friday was a great opportunity for you guys to join. FOMO Friday And you know, talk about how you're feeling and get an actual therapist giving you feedback on. you know what it's like to go through those struggles.

He was my trading cutter, still is my trading coach. We had the session on Friday and he really helped me overcome some of those struggles. At a certain point I realized you know being a successful trader, you know I had all the tools, all the skills, all the strategies and the only thing still standing in my way was my emotions. The way I would react los the way I would sometimes get impulsive and aggressive and it still happens Sometimes it's you know, it is a human nature, so our natural instincts don't always serve us well in the mark.

In fact, our natural instincts for 90% of traders will not serve you well. That's why 90% traders lose money. So you know, finding a system where you are able to have those natural instincts because you can't suppress them, they're gonna happen, but where you choose not to act on them I Mean that's like next-level as much as I Try to be there sometimes I you know have a little setback and I did last week I Got a little frustrated after having a couple of red days having this big goal of 100k in February This big goal of crossing a million dollar line in the sand and then you know whatever it happened. So I step back.

I You know, get centered, focused, readjust, reevaluate, and and no doubt you know the last couple weeks being sick, being under the weather has been. you know, probably one of those things every day that I come into the market. I have a tank of mental capacity. That's my mental capacity to to override the impulses.

and some days I come in with only half a tank. Maybe it's because I didn't sleep well. Maybe it's because you know had a problem with the car on the drive down. Or maybe it's because the dog, you know.

spill. You know something all over the kitchen floor. You know any number of things result in coming into the market with half a tank. and if you're not aware that have been suddenly at 10 a.m.

when usually you're still going strong, you start getting you know, impulsive and making some really questionable decisions, not realizing that you know you came into the market with a short fuse or with a half tank. And for me, you know, being sick, being under the weather, you know that's certainly one of them. The pressure that I put on myself to try to achieve you know, pretty big goals. and to do it in front of you know, tens of thousands of people.

You know that that makes the tank and the fuse that much shorter. so you know, we all have these things in different scales that certainly contribute to your day. So you know it's just a good idea when you sit down to take that few minutes that we do on mindful. Monday To do that every day as part of your routine, Go through that checklist.

Did you eat? well? Just sleep? Well. You know what's the condition of the overall market right now? How our stocks behaving? Is this the day to be aggressive? Is this a day to be a little bit more conservative? And sometimes you know it's just simply a day to bring down the share size? You know, as much as you might love to hit the market with big size, whatever that means for you, this might just not be the day to do it. Well, you know. Today Fortunately, I came out green.

$3,600 $3,300 is a great day. I'm happy with that. It's above my daily average and you know, a couple more days like this? Be smooth sailing. Be able to put that loss from last week behind me, and you know, just keep my eye on the horizon.

But you know that's kind of that mentality. You know, think of a boat on the ocean. You know you're going up the waves and then you're going down. When you're going down, if you're just staring right right right into the water, you know everything is doom and gloom and you start to get a most emotional and impulsive and you got to keep your eye.

You keep that level kind of set eye on the horizon. You will get through this. You know, For those of you guys that are red on the year round, on the month, whatever the case may be, stay focused on. you know the big picture.

The day you finally become consistent. Nothing from before it matters because you're making 200 a day and 200 a day is 50,000 a year. And the only difference between 200 a day and 400 a day is increasing your share size. So it's just the day you figure that out.

You're good. So each day is the next opportunity to come into the market, be focused, and just try to put together as many green days in a row as possible. The next thing you know you've got, you know. Five green days in a row, 10 Green days in a row 11 You know, 12, 14, 15.

You know it's it's like wow, Okay I'm three four Green weeks in a row I'm doing it. You know that's that's progress. So reminder for those you guys especially re watching this on Facebook or on YouTube Tonight from 9:00 p.m. to 11 p.m.

we're leaving the Futures Chat Room. Open Futures Markets are 24 hours a day and we've gotten a lot of feedback from traders who have been in the Futures Room who love the Futures room and are saying hey, you know I'm working from you know 9:00 to 5:00 I Really can't day trade the stocks that Ross is trading during the day I Would love to be able to participate in his futures market so check out the Futures Room tonight 9:00 to 11:00 Steve will be running it I'll be logged in there I Would love to see you guys. you know, getting in there, enjoying it, checking it out. Is there a little bit of a learning curve to it? Yeah, sure.

But here's the nice thing, there's no PDT rule and it's a 24-hour market so you can trade it wherever your timezone is. You know you want trade for two hours after you get home from work, you can do it. Sit down, look for opportunities, take a couple trades. Alright, so hopefully I'll see you guys there tonight 9:00 to 11:00 show Steve Oh you know, a really good turnout, get him excited and make sure he wants to keep doing this.

And yeah, so that'll be tonight. 9:00 to 11:00 and I'll see all of you guys back here tomorrow morning and you know for my regular routine 9:15 live streaming on YouTube are a little pre market watch list and then we'll start trading as soon as the bell rings. Alright everyone so have a great afternoon! Hopefully see you guys tonight for a futures trading session at nine o'clock All right bye everyone if you're still watching you must have really enjoyed that video. So why not subscribe and get email alerts anytime? I Upload new content.

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