Hi I'm Ross Cameron and this is my podcast where we'll explore everything related to day trading. You'll hear me recap trades, analyze strategy, dive into trading, psychology, and interview other Traders I'll share with you the biggest ups and the biggest Downs of being a Trader and you'll pick up tips and tricks along the way that you won't hear anywhere else. If you love what you hear and you want to keep learning, you can check out more free content over on my YouTube channel or visit Warrior Trading.com to see my premium members only chat rooms, scanners, and trading courses. I Want to remind you as always that trading is risky and my results and experiences as a Trader are not typical.

There's no guarantee that you'll find success whether you trade on your own or you learn from me. So please take it slow and practice in a simulator before you put real money on the line. And remember these episodes are for educational purposes only and are not Financial advice or buy sell recommendations. So let's go ahead and jump in to this episode.

What's up everyone? Alright, so I am here with Marcelo Uh, that's how you pronounce your name right? Uh, well is Marcelo but I'll take both. So many people call me Marcello that I'm so used to it now you know it's funny I I I I was thinking of you as Marcelo I when I was working in um New York City the landlord was named Marcelo and that's what you know. So I saw the name I was like how much Marcelo Marcelo there you go. Okay So all right so I'm hanging out with Marcel and as you can tell, it's the first time we've hung out because I didn't even know how to pronounce your name.

So um I like to host these interviews where we can talk kind of and get a sense of you know your strategy the way you've been trading. So you just got your badge and um, you've been walk me through kind of where you're at trading. uh how long you've been at it and uh, what the last kind of few months have been for you? Okay, um, well long story short, I've been trading for almost three years now. It took me two years to turn the corner.

I remember joining Warrior trading around 2020. right when the pandemic was pandemic was starting. Yeah, um, because you know I was taking online classes and I was paying like large amounts of money for my college classes and then just because of that in that thought of mind that I was paying for online classes anyway I took the leap of faith and went for for this course which you know I I never took back since. but um, in any case, I started trading two years ago and funny enough, at the beginning I wanted to be a professional poker player.

So okay, my YouTube feed was flooded with poker stuff and gambling stuff. Yeah at the same time though, I came to University to get a finance degree and you know I was studying about um, diversifying investing, forecasting valuations. yeah and kind of like YouTube this thing. it combined both things yeah and popped up a video saying is dated in gambling and I'm like what is this day trading thing I'm also curious about it and then ever since I didn't look back and I guess I guess you could say the rest is history.

So then I started trading I started looking up getting into trading because of YouTube because of the algorithm combining both two things. Yeah and then at first I'm only trading large caps I'm trading like Apple every day Netflix every day. um you know with Robin Hood with five shares or one share stuff like that? Yeah I don't see any any success and the reason why I don't I don't dive deep into small caps since the beginning is because in school I was learning that this business businesses are bad that this businesses are going to go to zero. This business is if you look at their at their balance sheets income statements, there's nothing good about them so you know I Always learned that these are not the type of companies do not even be looking at.

Yeah, but right at the beginning those were off the table. So I tried it with large cast, tried it longing, tried it. shorting cutting with ETFs tqq Rescue all this stuff I didn't find any success of course and then before I was about to quit I Always keep keep hearing about this guy Ross Killing it every day Ross Green Today 5K Raw screen today 10K Yeah this is great and he's trading small caps I'm not I'm not supposed to be trading small casts most about companies and then as I started looking into your videos more I'm like man he really have something I've been looking at this guy make money for a year plus this can't be luck. Yeah yes the companies are not.

maybe great for investing but he must have something that is working in here so you know I joined the course because I just like the way you wear I Just like that you weren't like flashing Lamborghinis You know, like wearing, you know, leaving this crazy lifestyle I just liked how transparent you were. So and I took the leap of faith, took the course and I quickly became a break-even Trader Okay, I became a break even trailer. after losing for days, weeks, months, I finally began to break even. Trader and now that was a big milestone for me.

Yeah, I mean that and that's the thing. Like so many people, they, they'll take that for granted. They'll be like oh God I'm Break Even I've been doing this for you know, a year and I'm break even and you know that that's part of the progression. that's part of the journey.

The fact that you're not still losing is a big deal. You're keeping your head above water. So then what was the progression? Then from losing to break even and then from Break Even to starring. uh, kind of me.

So profit. So here's the thing: I went break even for like a year. Okay, and then you know I was getting discouraged and I was losing hope even though I I kept on hearing that profitable Traders were telling me that being Break Even is a good thing. Yeah, I'm like, yeah, this is great and all.

but I'm still losing money. Yeah, I'm losing money after commissions I'm losing money after the page scanners and losing money. You know, after all the expenses day trading comes with. Yeah, and that's why I left Warrior trading for like six months.

Okay, I left it because I'm like, okay, I'm going break even for my trading. but I'm still losing because of everything else. Let me cut all my expenses so that I can buy myself more time, continue to go sideways for however long it takes. Yeah, so you know I I dropped the commission paid Brokers I go to Tdma alerted I I stopped playing for trade ideas unfortunately I had to leave the chat room um I had to stop trading I had to stop paying for trade reviews, start tracking my metrics on Excel Okay, and then I go sideways for a couple more months and then I turn the chord into simulator and I'm like okay and now you have something.

And here's the funny thing. why turn the corner? This may sound kind of crazy, but this the turning point was that I stopped scaling out because my entry points were good enough for me to get three to five cents. but we're almost never good enough for me to hold all the way behind the day. So what was happening is that I was selling my winners.

So let's say I'm long? yeah and then I see three to five cents a profit I will still have and then almost 99 of the time I would sell the other half either Break Even or for a loss. On the on the other hand, on my losing trades I was losing the entire amount. Yeah and I'm like, you know I realized that 70 of my trades the moment I bought I was Green at least three to five cents. but because I was scaling Out and because the entry is weren't great to hold that away to hold all the way to half day.

Yeah, I was getting stopped out on the rest so the math didn't make sense. Yeah, but I'm like what if I stop scaling out and just take the three cents to five cents the moment I Have enjoy every broker so you don't because that's the thing with commission. Brokers Your first Cent Like really, your first penny is going to commissions so you're only getting three cents. a third is going to commissions.

but for you, you keep the full three cents. So those are small winners though. So what's your profit loss ratio? Is it kind of like one to one? No. right now is uh, almost two to one? Really good.

That's really good. but um because you know if you know where you're buying, you sometimes get can buy if you're buying at Apex levels. If you're buying like let's say Hive day where usually short sellers have their stops at yeah you know you can easily get a quick power at instantly 10 15. Totally right.

Right On the other hand of my losers I was following a breaker bail approach. so my you know my red trays were almost flat trades. or maybe you know once in a while I was caught in a flush and stuff but the average just was like my my losing three of us were very small. good because since now I was just taking my profit.

five cents three cent profits I Couldn't afford to have a stop underneath the V web I Couldn't afford to have a stop underneath the pullback I Couldn't afford to have 10-15 Cent arbitrary stop so I had to become a really really breakable Trader Either I'm green or not or I'm out So what helps you? What is it that you have to see that you're just gonna be like I'm not a done I'm out and I'm assuming you just have like a button you press is your bailout flag trade? So you're just out. So what do you what? What do you see on the is it the level two or the chart? Is it like it hesitates for a second and you're like nope. I'm done. level through 100 I Don't know.

How can How can some people not trade without it? Yeah, there's some people that get it done without it. But man, without the level two, I'm no one. I I mean I could trade with the level two and without the charge. Yeah, the level two is everything to me.

Um, you know, obviously you it's your first. I use the charts to identify a pattern. Yep then I try to identify the Line in the Sand. Usually the psychology behind that I understand is not really because the textbook pattern, but more because what is the trader on the other side thinking where are the short sale is going to stop? Okay, maybe at this level.

maybe at the Apex on the ABC video. Maybe I have a date I have that level in my mind. Okay now I don't care about the charts I forget the charts and I I just started like a hawk at the level two and I'm waiting for the ass to get close to that level. and as I see green coming in.

Yeah, you know I take it and if it breaks out great I sell for profit and if you know he hesitates, breaks out by one penny or he just don't does some type of transaction like that that I don't like I get back up I get back out immediately and you know because my Trader because my trade trades need to work immediately. Yeah that's why my accuracy is not that good because I don't give stocks broom to work okay or a room to you know so my profitable my accuracy is like 50 but because my profit loss ratio is like almost two to one I still I'm still profitable. that's really good good for you that's I mean that's that's phenomenal and you know whether you have like I have 65 accuracy approximately maybe just under 68. but my profit loss ratios like actually slightly negative.

My losers are a little bit bigger because you know sometimes I get caught in these flushes or I hold it too long whatever so you know it's it's a it's kind of a statistics what would you rather have I feel like I'd rather have high accuracy see even if the profit loss ratio is lower because the high accuracy gives me confidence to like keep trading a lot. But on the other hand if I knew my losses and I was actually able to keep them as tight as like three to five cents then maybe I would take a lot of stabs If things would be like, well, my loss is so small. Who cares? And that's what you've managed to do. So that makes me think about a couple things.

So your your workflow. it sounds like it's like basically almost the same as me. I mean so what? you're like scalping, price, action? You're watching level two. You're looking at the time and sales.

the tape. It turns green. You're looking for that quick long maybe to anticipate the Breakthrough the level. Probably getting in like a little bit early.

You see it pop. Squeeze through that level. Some people stop out, some people fomo in. whatever it is, you get that squeeze profit out.

So in terms of order types you're using: TD Ameritrade Yeah, so are you doing marketing Market out marketing? Market out. Yeah then because even though I'm not getting the greatest feels, I I can't afford to not be in whenever I want to be in. Yeah yeah. so I just go market marketing, work it out.

What's the share size kind of Max Share size for you right now? Share size? You know? Given that my trades my average winners are so small when it comes to sense wise, scalability is kind of hard because yeah, you know if I'm having slippage of one or two cents just like that, my my trip, my Edge is gone. Yeah so I can't really scale Escape scale that much at least with this strategy right now. So I would say two thousand, twenty five hundred, twenty five hundred. Okay, I still get in and out like nothing.

Yep, so um, but when I start pushing it, maybe three four five I can start getting some slippage that, um, hinders my strategy. Yeah, having said that though, that's the strategy that I held on to to turn the damn Corner man the damn corner so hard to turn. Yeah, I held on to that strategy. But but once I've made it to the other side and once I gain the mindset of a profitable profitable Trader Now you just see everything clearly.

Now you can Implement Really everything you know about the markets? Yeah, because you know, even though I was seeing some different type of setup here, reversal or you know a different type of strategy here that I couldn't take advantage of because I hadn't turned the coordinate I was only trading this specific setup once I made it to the other side now I'm trading everything now I'm trading dips I'm trading Gap and goals and trading. you know micro a pullbacks. Nice short squeeze curls because you have the mindset of a profitable Trader Now now that I made it to the other side, yeah now I'm just flowing trading everything. So now my strategy is a little bit is changing a little bit but um yeah I like that you know the and the on the scalability topic.

That's something that I kind of have struggled with too because my winners in general are fairly small. you know I've sort of always been this type of Trader where you know I see something start starting to move up I maybe missed the first move and then I take that micro pullback. you can't take a micro pullback with like you can't scale into a micro pullback with hugees. Yes, I mean yeah you, you just can't and so sometimes I'll see traders who like had the good entry with smaller size held it for like a 60 Cent move and ended up making more on smaller size and I'm like, well I you know I I couldn't have done that because I mean maybe in future but I I didn't do that because I didn't see the entry at that time.

Now that I see it, you know I've already missed that setup. so I can either just not trade it at all or go for the quick scalp and so in this market right now, liquidity has been really tough like one of the stocks I was that we were trading today qrt. EB The liquidity was so difficult on it that I even with small orders of a thousand shares partial fills I'd feel like 320. I punched the order three times for 3 000 shares and I'd fill 300, 400, 500.

and I mean that's that's because I wasn't doing a market order I was saying like this is the most I'm willing to pay, but there's not a lot of liquidity. There's not enough volume right now. So like even for me, if I wanted to hit something like that with like 10 15 000 shares, I I wouldn't have got been able to get filled like I I Don't think there's any way, at least for like a quick breakout. I mean maybe if I've been willing to just buy and accumulate on the dips or just be willing to pay a high price with the slippage.

But so right now I think it's a time where it doesn't make sense to try to scale up your share size. I Think that when we come out of this slump and the market starts to pick up again, we'll see volume pick up again and you'll start seeing these stocks going up. You know, 100 200 percent with high volume. You know, a year ago, we were seeing 150 200 million shares of volume on some of these big moving stocks and that you could have easily been punching instead of 2500 shares.

You know, Five thousand, Ten thousand, Twenty thousand. Yeah, not much of an issue. So yeah, so you know I wouldn't get too bummed out that you can't scale up a lot right now because I think that that's a limitation of the current market and I think you'll be able to better when things pick back up. And and you know, talking about this topic of think or Swim yeah, um I I've seen that you I've seen that you've been.

You've been trying to go back to think of swim. This is something I forgot to mention I'm using Tinker Swim yes, but I'm using it with that. So I have a Das platform connected to TD Yeah, and you know I have all the hard case you have Again by limit marketable, limit scale out scale in. Yep, so um, you know just on the topic that you're trying to use CD maybe for slower markets because why take commissions if you're probably getting these exact same fills with lower size? Yeah, you should try that with think resume.

It's been pretty awesome. Um, that's a bit of a tangent there, but yeah, no, that's good. I mean I I Know a bunch of people have said that and there's a bunch of folks that are in the room that are doing that Das integration I You know I How fat I mean I Think the thing for me is that I I think that that would solve the workflow issue of using thinkorswim because thinkorswim is like a sort of more of a point and click and you can use hotkeys but they're not set up the way I like them and you can't change them because they're fixed. So I think that would solve some of my issues, but I've been a little hesitant in the past to do some of those Integrations because sometimes you can get like a lock up type of thing where all of a sudden you're in a trade.

it the what you can't sell and you're stuck and now you've got to get on the phone and have you had that happen at all or has it been for you? Pretty good. Um, no really. I haven't had any issues at all. Having said that though, whenever you log in that you have a prompt message that says that you may have some issues still.

Oh so they give you a little bit of disclaimer before you trade with Das Yeah, you know, but being I don't care I just think okay and I just keep trading. Yeah, yeah, so no. So far so good. but there's still that risk that they tell you that that might happen.

Yeah, that's interesting. Okay, okay I think I mean on on the broker's side. I Think the approach that you sort of took was scale back costs and you know one cost is the broker fees. You know, using a Cmeg broker or a light speed broker, you know you're paying that fee and it's substantial, especially if you're only getting a couple of cents per share, right? Oh, we're on.

Yeah, there you go. Yeah, I'm sorry I'm getting over my cold too. Um, I was training on Tmeg before. Okay, yeah and I realized that just because of my trading I was break even I was actually small green.

but after the commissions and all that I was very red and I blew like a small account just because of commissions. That's why I had to leave CMG and you know, go for a small. go for it. Yeah, yeah, no that I mean I think that.

that's probably. you know it depends. I think for some people like for me right now, I could do a small account with Cmvg and I think that I would be able to grow a small account a lot faster than TD There's no question about it because of PPT rule. but if you're but I think that that's for someone that's already turned the corner.

So I feel like trading in the simulator? You know you traded the simulator for a period of time, you're profitable in the Sim Then you start trading. Let's say in Cmeg and you're like I'm kind of a break-even Trader You know commissions are actually making me a red Trader and that small account of two thousand dollars just sort of gets deteriorated down until you're like ah, shoot, it's only 500 bucks left. and during that same period of time, you know. So with TD Ameritrade you've got a you know 25 000 Plus account.

So exactly I think CME g I I guess it's kind of if you have a small account. Um, it's sort of funny because you end up actually paying more as like a punishment for that small account because you have you can't use a light speed or a TD Ameritrade because you don't have the 25. Grand You end up paying more because you have the 500 000 account. but then you pay the you know, three dollar per trade or four dollar per Trade Commission So I guess that's how they kind of get you.

But yeah I mean you're paying the codes for for being able to trade? LGBT Um another thing. another thing. I I Forgot to mention at the beginning there is that when I went live. Yeah I traded with one to ten shares for two months.

Good for you. That's good discipline. You know that's definitely following the process of a profits mindset. Yeah, you will see if I showed you my trade review.

Yeah, you can see two months of of green days of 50 cents. One dollar Cool. Four dollars, Fifty cents. And the thing is that you know because you know that the blessing of the market is scalability.

In my mind when I was having those those four dollar green days one dollar Green Day In my mind I wasn't going four bucks. In my mind I was green for 100 Yeah and in my mind I was green 100 bucks and and just like that I was you know I was just getting a taste of on on the other side of the other side of the mountain. Yeah, then you know after the three months of profitability after the two more months with small size I really just went for it and what I mean by that is that my my order entry instead of saying tension shares from one day to another. it's just at a thousand shares and I'm like man, you don't want to do I just went for it after having four months of consistent trading.

I'm like man I just treated the exact same way. Let's go for it. let's not trade the piano. so I covered it.

wow and let's just see what happens. and I went for him one day and I'm green 70 bucks my first day, second day green 300 Third Day Green 300 again and I'm like oh my God I can't believe it company that's cool, that's cool I was just mind-blowing I couldn't believe it. Yeah and then I just kept doing it and and I never looked back since I like to think about my Turning Point like a flat top breakout because I went sideways for so long. yeah I I trapped so many people when when I finally broke out Yeah man.

I haven't looked back and and it's it's been it's been I'm just so grateful about Warrior and you know about you know about everything. It's I'm just living the dream here that's awesome that you know. I I Haven't talk to too many people who kind of did that like. just went from 10 shares to like a thousand.

That's a big jump I mean that that is for sure big jump and I feel like I feel like some people would do that and then they would get you know they would immediately get in a trade and be down like 70 cents a share. They're down 700 bucks and they're just like uh I you know, but you know it worked for you. It's probably not how I would like think it's probably the best way to do it but man it worked for you and that's awesome. Here's the thing because I was trading with real money and see Amyg already I already had experience trading with 500 and 700 shares I read trade like before.

So then when I went back to the simulator and then back with small size I didn't I didn't want to scale up slowly because I already did that even though it wasn't successful the first time yeah I already felt how I already had the emotions with bigger size. Yeah so I just you know after the consistency in the same with small size I just flipped switching went for it. That's awesome. That's awesome.

Yeah so have you had any points where? um since you sort of had your turning sorry I don't know why James Barking Girl That's enough. Okay, have you had any points since you kind of turned the corner where you've like had like a big red day Or you've had like kind of a week where it's just been like really slow and you've been like what's going on here? Yeah, definitely my. my first I had a couple of these already, but my first red streak I flipped into the corner. So many Christians thoughts go through your mind.

it's like oh my God is this luck? This is the pullback. Am I am I going to be able to hold this right out or whatever. Yeah and I'm like oh boy, you just get so emotional it's so antsy. But you know what you have to do is keep your head low.

You know, go back to your metrics. Know that be you know, feel confident about your metrics, reduce size and and build that confidence again. build. build the days again and again and again.

and after you build the confidence up, you go for it. Again with big size and that's what I did I already had like two big bigger pullbacks and I was able to hold you know to hold them so you know right now have been consistent for like nine months. So I would say I feel confident in saying that you know whatever I'm doing is no longer locked and that and you know that I'm confident with my strategy. especially right now I've been having some bigger June Hang on sorry Jim What are you doing Girl? Stop? Yeah, sorry.

That's okay. All right, that's okay. Keep going. Um, especially right now because at the beginning, my strategy was so close to not being profitable with the tiny scalps and you know the three percent profits here and there right now.

I've kind of like evolved. kind of like how you did on 2021 or 2020 when you start buying dips. Yeah now I do that too I'm buying dips and you know I'm doubling a high day for the normal breakout. Okay, and you know, scaling out.

So now I'm having more often, like one thousand, two thousand dollar days. and that's you know now I feel like I've leveled up once more? Um, yeah, after turning the corner. So yeah, well, so that's kind of the thing. Initially it's like can I just scream like seventy dollars a hundred dollars a day and and you know I think one of the easier ways to do that.

Not that trading is easy of course. Disclaimer is always trading is risky Microsoft's not typical, neither yours. but at the same time, if you could just do like quick scalp in it, you know 395 out at 405, 10 cents, 100 000 shares, 100 bucks. You know one do that once a day for two weeks and you're like okay, there we go, that's you know I'm making some progress I'm I'm green by the end of that stretch.

Then you start saying okay, I'm gonna do two trades you start scaling up a little bit more and Then once you start to pull away, you start to get comfortable and you're like okay now I can start to open up I've got a little bit of a cushion I've got some confidence and then like you said, whenever you have a red streak you put your head down. You go back to just like Back to Basics What you know Works don't get fancy, don't try to make back the loss all in one trade. just you know In out, get in, get out book The Profit do it again tomorrow. You know that we I have so many Traders I talked to there was a Trader I was talking to recently who has been on um sort of a like a red streak since I don't know, it's like the last I guess the last like month or so and he was like you know I'm just like I'm getting so frustrated and like every day he's sitting down he's getting kind of like more and more amped up and wants to like just like you know, make make it back and and then it's like trading more and more and more aggressive and then he.

what he's having is these capitulations where the losses are starting to compound and they're getting bigger and bigger and bigger. and so like. His last two losses, which were like last week, were the biggest he's had in the last like eight months of trading or whatever it's been. And it's like what's what's happening here.

You know the market right now is not supporting you trading that aggressively. You're trading aggressively because you're getting frustrated. you're trying to make back losses I was like it's gonna take you at least two weeks just to get your head straight right now after having that loss and the only way to get your head straight is to have the discipline to just take one or two trades. Get in, get out, and I say one or two.

Really the easiest is to limit yourself to one because it's just like it's so. it's just like I'm only allowed one trade a day. You get in, you get out, you're done. If it's red, it's red.

If it's green, it's green. But you know he's been Trading long enough that I think he's doing two or three trades and he's just trying to keep it like one entry, one exit, not scaling in, not adding to losers. like again, it's just like Bring It Back to Basics And then you know I think for him after you know, a week and he's been. he's been kind of pretty steady now for maybe the last week or so, but you know, after like a week or two weeks of that, it's amazing how how much different you feel from when you're so emotionally fired up.

Like it's like that energy can overtake you. It can be so powerful that it leads you to make these really emotionally impulsive decisions. You know you shouldn't but you're getting desperate. You know that grasping for straws? all that stuff that so many Traders do I Mean it's it's like it's like classic as so many people do it.

And so to have the strength when things get tough to be like okay I'm gonna go back to basics and to actually stick with that is really solid. And then when you get in the groove, then you can start. you know, being more aggressive and you can start doing dips and do all these different things. Yeah, and then you can have these periods where you really pull away, you make some really nice profit in your account.

you really? Excel and then inevitably you'll have a day where again you got a little too aggressive, the market wasn't supporting it, you had a little too much confidence, whatever it is, and then you give back a little bit. Maybe you get back 10 of what you made. Maybe you get back 20. Hopefully you don't give it all back, but as a beginner Trader you probably do.

and that's that's where you're still in the break. Even so, the break even can be like I mean you could be a break even Trader Over the course of like basically each week you're just finishing flat. but you can also be a break even Trader where you make like three awesome weeks. then you get it all back in one day and then another three decent weeks and then you give it all back in one day.

So like that's like the type of Break Even trailer that I was right. which is actually the worst because you're like I'm profitable I'm doing great and then you get smacked down. you know it like and you're like back to zero and then you make progress. you're like I'm doing it I'm doing it and then back to zero.

What was it with you? Was it was it like day to day like just kind of flat or was it were you having progress and then flat boss? Funny enough it was. It was both ways. At the beginning was I just started making profits I I started being kind of like consistent. yeah I had my first green month and then after that I gave it all back and I and I proceeded to go read you know red afterwards like red red and you know that was that was so hard because you really feel like you have something and and to to finally make it to the other side and then take being taken that from you is so tough.

Yeah I mean you know I might try and journey. it's not. It wasn't all rainbows and butterflies, it was really tough. I I've hit rock Ballroom after Rock Bottom I mean I have videos of myself crying after after being read after so many months and losing so much money.

especially my parents money. Um, because you know I'm young so I feel like they've done so much for me and I was here learning about diversifying, learning about other stuff. Yeah and here I was you know, saying no to all of that and day trading and burning it all off? but you know I was stalk Ross I was really stuck because I couldn't lose because the pain of stopping, the pain of changing my routine. the pain of not continuing to show up was worse than the pain of continuing continuing to show up and fail.

So I was like against the wall and I guess my brain was like all right so this crazy guy will not quit so we better figure this out and that's when to me as I hear you saying that That's where the most logical thing is just to actually follow the damn rules Because you can't quit, you can't stop, you're not going to give up and you don't want to keep losing and so you just need to buckle down and follow the rules. and I mean to the extent that not following the rules was contributing to the losses I mean some of it. it sounds like was a little bit of just kind of. You need a little bit more experience and the cost was a little too high and so you just need to kind of put yourself in a position where you could just sort of Coast a little longer to gain more experience.

but you know to the extent that you're having these like over trading and getting yourself wound up and then breaking rules like you have the ability to stop doing that and that can be the difference between success and failure. So that's where it comes back to. like. you know this is you against the market.

this is you. Can you be disciplined and that's where I get I beat myself up the most because when I have those big lost days I'm like you're you know I say this to myself I'm like you're a loser like you. You were not able to be disciplined. this was you against the market today and you lost because and and not even like you lost gracefully and it's acceptable.

like you fell into the Trap you let emotions get the best to you and now you're down 50 Grand or whatever it is, you're gonna spend the next three weeks making this back. That's true. but um also I feel like you should give some props to yourself because you could choose today to walk away as a winner. But yet day after day you decide you decide to come back to the to the war zone and try again and try again and try again.

So yeah, well, thank you for that. I Remember someone that I traded with um or was familiar with years and years ago um who traded and did really well for a couple years I don't remember how much money he made but six figures for sure. Maybe it's 300 400 000 and he took all that money out of the market and invested in this um thing, this project that he wanted to work on and decide to become a teacher and I was just like I I was like wow that's like like a teacher in like regular school I just was like wow how can you go from like you know he was like I was just doing this as I was going through school like to make money, pay off school and to you know invest in my future like I wasn't doing this to like for it to be my future I was like if you make 300 000 like and I and these those people so much because those are the type of people that in some way they're richer than us because they are happy when they have enough and then yeah and then they're just content with what they've made. On the other hand, I feel like I'm kind of like you very competitive and almost to the point that making money is no longer money.

it's just a bit of a score. Yeah, how good can I do today? How how how competitive can I be today? Can I be better than everybody else? Yeah, regardless of the money, now, it's just like can I have a good score today and feel proud of myself? Well that's and it's 100 that because you get to a point where being up or down 500 in the day makes literally no difference in your lifestyle in your ability to pay bills. The only difference it makes is in how you perceive yourself, how you feel that you won the game on that day you trade. You played it exactly.

So yeah, it is a very you have to be. You have to be pretty competitive. You have to be willing to take risk. You have to be a little a little crazy because it's a very difficult thing most.

I mean we know most people that try it. they they're It's like trying to solve your Rubik's Cube they're like smash the thing against the wall I Can't figure this out and you know talking about this. This is one of the reasons why I can't have you up because every time I see you you know, killing a free market or doing something like that I just like that I feel like an urge to to trade and try to get up with you and stuff. So I really just need to create a loan I don't even look at a chat room, trade alone, me and my scanners are in the market and then afterwards maybe I can see.

you know what happened but I'm not any different. I'm I'm like the same way I know I'll see it Jorge Was just posting today how he hasn't had a red day since February and I was like God damn it I was like oh my God I can't I can't even imagine no I don't know. like maybe I've made. maybe he's made more than me since February I maybe I've made more than him I I don't really know but it's better.

Nothing though, but it's just like I I I do the same thing. I'll compare myself to other people and you know some people will be like oh, did you see this big Trader over on you know, stock twits or Twitter and I'm like nope, don't want to know I I try to limit how much of that I'm willing to take in. um and and I'm also really mindful about who I'm willing to take it in from so like I'll take in that from people that are part of our community that are you know in the chat room I Generally think that these are people that are putting their cards on the table and they're saying it like it is. They're not lying to me.

Um, you know if there's someone that's posting stuff in the chat room that I just think is bologna I usually will just totally not pay attention to that person or whatever. but you know out there in the general you know bigger community of trading. the YouTube and the social media. There's a lot of you know people that talk a big game and I I try to just not get into any of that because it's so easy to start comparing yourself to other people.

and then when you're comparing yourself to other people, it's how do I measure up against that person and there's always going to be someone out there who measures up better than you even. Elon Musk You know richest person in the world can find someone that measures up better and he'll find some different measure of why they're better. You know it's if you choose to look at it that way. so I feel like that's I feel like it's it's definitely not a bad idea.

I like you know I sometimes wish that I had um you know some people or a couple people that I could be have on audio sort of trading with me that are as good as me because I I feel like I would like to be able to sometimes have that cross check of like wait am I am I like crazy and thinking this is good Are you guys all right? it's not good um so I feel like I don't have that right now um I mean I'm sure I could create that in some way if I want really want to. but um, but in any case I I feel like there is benefit in being able to be in touch with what other people are thinking but then it's like at the same time like can you like then you've got just naturally have that sort of issue of okay I'm chatting with these people and these three of the five are all like crushing it today, you know or I I Logged in at 7am and they're like hey, I woke up at 4am and I made like daily goal times five and you're like God dang it you know. So you immediately come in feeling like behind and you're like yeah, yeah, so yeah I don't know. Maybe that just comes down to like you I mean can you get comfortable enough with yourself that you can say like you know what I've made is enough and it doesn't have to be as much as that person? Yeah, and that's and that's that should be really our mentalities because at the end of the day, what the market has taught us that it's a battle of me against me? Yeah, I shouldn't care about what everybody else is doing, just me against me, you know.

Can I be a better version of myself than myself from yesterday And that should be? That should be it. We're going back to the chat room I Definitely see. I Definitely agree that there's a lot of value, especially when you're a beginner. Instead instead of being lost trading something with no volume or trading Apple every day, it's definitely.

It's kind of like having a super powerful scanner I have this profitable Trader that like this stock for some reason um he's calling out the patterns and everything else. Yeah and now you know instead of just chasing and copying whatever you're doing, it's like okay I know this is a quality stock. this is a quality setup. Now let me find an entry for myself.

Now be kind of like the best approach for me to use the chat room. Yeah yeah yeah for yeah basically idea generation and just kind of like reality check of like is this you know? yeah yeah are other people on this one too or am I kind of like off in the weeds and you know just that was one of the problems today is it was hard to figure out like which one was obvious and even in the room I was like people are just like all over the place everywhere I you know when V are you when V are U is the one is the obvious on the day you know that there's nothing yeah yeah I know that one's so I I think I made like a hundred dollars on it but yeah I'm yeah and you know right now like you know know not to be like talking about me too much but I'm I'm kind of like settling in I I keep kind of thinking of like I don't know like I'm like in the trenches or something like I have like I'm gonna have no idea what it's like to be in the trenches but you know I'm I'm just like feel like I'm kind of like settling in for this like Long Winter like it's cold, the Market's slow we've got overall Market down. Typically, summer is not the hot time you know we've got July August September I Don't feel like things are going to get really really hot until October November December because that's you, You know, seasonally, that's usually when the market picks up. it's that kind of end of the year.

So I'm just sort of like okay, like just sort of like getting trying to get really content with. you know, just making a thousand a day. two thousand a day, maybe losing a thousand a day. two thousand a day, just keeping it like really small.

And today I was I was sitting and I was at 450 and I was like thinking about like you know, six months ago or two years ago. like just like how silly insignificant this feels compared to that. but I was like you know you've just got to keep showing up. You've got to keep being here and this is just like you've got to get through it and when you get to the other side of it and things pick up, it's gonna be great the way it always is.

This is not the first time we've gone through this exactly. you know, getting comfortable with. just sort of like the ebb and the flow of the market because I think there are definitely some people out there who have kind of Gone live in the last three months or four months who are like whoa this is really hard and it's like yeah it's not the best time to be going live but yeah you know for for me that kind of perspective is hard to relate to because I turned the corner in a slow market and for me I'm doing the best I've ever been doing because when when it was the hottest Market two years ago or a year ago it wasn't a simulator so it's kind of like hard to compare for me I'm doing the best right now. Obviously for me that the market is not hard but you know for me I'm I'm the best I've ever been doing like a thousand a day or whatever it is.

So I'm just also looking forward for that whole Market to see. You know what I can do with instead of having two cent breakouts, having 20 cent breakups? Yeah, so yeah, I think that's what. that's what you'll probably see more of is you know it's it's a nice big breakout, a micro pullback, and then continuation like we're just like trading within like half dollar whole dollars, like it's just moving higher. and did you trade it? um plrx the other day that kind of gave me a taste on how private section was.

Yeah, was that a big move? It was a big mover I guess yeah I feel like I actually went to like oh oh oh oh yeah yeah yeah yeah. Plrs I thought you said B yeah plrx I did um and yeah I mean at the open that was. that was a really big move. The thing on that one was that, um, the liquidity was still kind of light and so the problem was.

um, partial fills on orders to buy so you know I put the buy button out and press it but it would just run without me so I'd only get a partial fill and then I go put the order to sell and it's not filling and it's like so it just it felt like there's movement but there's not enough like liquidity to be able to size into it and then scale out of it. So yeah, I didn't really do that well on it I mean I made money but it was I was kind of uh, surprised that I didn't wasn't able to do better on it and I was thinking like you know, six months ago this would be the type I would be wanting to trade with Nine, ten, twelve thousand shares and I was like oh man today like I wouldn't have been able to fill that those organs No way right? Um yeah by the way, it did move a lot. I guess I didn't have those issues because um I usually don't don't I usually don't trade higher price stocks. Yeah so I was only traded with a thousand.

Okay, um but even then the idea of getting a quick dip at the 50 half dollar level and then getting instantly bought up. Yeah, that kind of price action of not five couple cents a move, but like 20 30 50 cents range. Yeah, you can be so much more profitable in those type of moves. So yep, so it was kind of like a taste of a couple years ago.

but yeah, now it's gone and now we're back to nothing. I know I know I and I think when the market starts to heat back up usually the way it is is it's like you know, slow slow hot slow slow hot and then it's just those hot days start to get more and more clustered together as Traders start to like kind of be like okay things are picking up and then you just sort of notice this tipping point where now you're seeing more hot days and cold days than the cold days. It's sort of. It's usually kind of a I mean sometimes it can be one stock that goes totally crazy will then just trigger the next round, but that's that's a little bit different because this is more than just like you know, looking for a round of momentum I mean we were looking for like a market-wide kind of shift to the upside.

and I think that's gonna take more time and it will come. I mean especially with this by div when when Spotify starts to bottom out and everything's also settled down and we start to curl. Yeah, I feel like we're gonna get some good momentum? Finally, Yeah we will. But you know the small so you know this does kind to come back to what you were saying at the very beginning about the Um: you know the financial strength of a lot of small cap companies because you know when we were in this really strong bull market.

the small cap companies, even those with you know, terrible balance sheets not making money bad financials. they were still trading at really high prices. Now a lot of those stocks have gotten beat up and so they're going to have to be doing reverse splits and things like that to make sure their stock stays above a dollar. They're going to have these events where they have news that comes out, it rallies up.

They're going to take that as a quick opportunity to do direct offering, private placement, sell more shares exact Market to raise money for funding future operations. So this could be we could still even as the market starts to come back up. See that as we start to see small caps pop that they take that opportunity to sell shares. And you know, ultimately you have that happen Enough times people are going to get biased to swing them to the short side and then you're going to have the one that goes like parabolic, right? Just you know you.

You realize after the fact that some institution was buying up a huge position or something like that and now you're having day two where it's gapping higher which is kind of what we had on Plrx in a way. We got that nice day too. but um I think But then they. but then they announced the offering.

So yeah, that was it. Then that was the problem, but they needed to raise money. So but then yeah, it's it's this. This type of Market is just kind of like not digging a massive hole.

That's a win by itself. If we can just go sideways, survive, make a little bit of money. Agree. That's just.

that's great because once the mark, once the market heats up, we don't have to be digging ourselves out of a hole. We're just gonna continue to add the profit. So that's exactly right. Yeah, that's that's the biggest thing right now is being conservative and controlling your downside losses because this is a this would be a really hard Market if you're I mean I was down 1700 today and I was like I I don't think there's going to be a chance I'm going to be able to get back to Flat by the end of the day and you know what 1700 is like.

Not a big deal, but just the reality that I really didn't think there'd be good opportunities to make that back if I had lost 17 000. I mean that that would take weeks in this market to make back. So you and and you can lose it so fast? That's yeah, that's the reality of trading is that you know one lapse of judgment, momentary lapse of judgment, and all of a sudden you could be you know, in really bad shape. So you know I think so.

Earlier this week, uh, or yesterday we had what was it Kspn that had the secondary offering in the middle of the day. it goes from ten dollars all the way down to 550. then you have the same thing on Hsto midday offering private placement. So I think that that right now because there were traders who were like oh, you know I just bought it for the break of like you know for a two cent breakout from 998 to 1002 and then lost like four dollars a share.

It's like it takes so much to get a two cent breakout and then things are flushing like it's nothing. So I think that that speaks to having to really be like not, don't get complacent, be on your A game trade aggressively as you know as your strategies fit. During the time that you know you do usually do well and then get out I think it's the you know the people that are kind of like you know half watching TV and are like oh this is popping up like take a couple trades on it and the next thing you know it's like and you've ruined you know, a week of progress So you have to be really really? um I guess you know defensive right now this is the time to be defensive in your account and the way you trade and you know you're You're doing a great job because you're setting a foundation right now of profitability in a bear. Market You know, like here's the example of what I've said like if you can make money in this market I think that bodes really well for when things pick up so that's definitely the goal I'm excited to see like you know what your how your profitability looks.

you know when we're in a bull market and yeah I I actually was kind of racing before the interview I wanted to get a 50k so I thought I could have my 50k average I'm at 47 right now Yeah so in a couple weeks I should I should have my 50k one okay 50k next up and then 100K 50k 500k Yeah yeah I mean just keep your head down and keep focusing on those base hits and you know at the end of the day what is a 500K badge really mean was it 250k badge really mean I mean there are some people that are going to hit that really quick and then they could also lose that money if you the. The goal here is this is a marathon to be doing this for the Long Haul So that means you know this is a marathon. It's being green consistently Fifty thousand dollars a year if you did that consistently for 10 years, 10 years. Okay, you're only at 500k, but you've got 10 years of experience that's incredible.

So like I feel like the experience factor is is really more important than the total dollar. but um, the dollars will come I Think they'll follow the experience? Yeah because you have something that you can rely on rather than just being a number. Yeah, yeah, definitely better. Um one last thing I Want to say for the struggling Traders out there that are doing this interview is that if you are a break even Trader you probably have something working in your message.

You have to think deep. That's what really helping turn the corner. So Breakeven Trader that's a huge milestone. Hold on into to that one strategy that works.

Hold on to that strategy, turn the corner with that and then after that you can Implement Everything you know about the market, all the strategies, all the status you learned. you can go for them. but to turn the corner? man, this corner. I bet it exists somewhere.

A corner. Yeah, you know you have to hold on tie for that one thing that makes you green. Yep, yep, no, that's that's definitely the way you find the one. That one strategy.

it's a micro pullback. It's a half dollar whole dollar breakout. It's breaking news early. Whatever it is that is most consistent.

and you know Larissa I mean so many people sort of have talked about like this is the one strategy that seems to be the best for me right now. Is it producing a ton of money? No. but I'm it's one of the most consistent at so it's just what I'm focusing on right now. It's how I'm getting through this bear market and you know if you can keep get you know, keep getting through with you know, keeping your head above water.

I mean I think that that's pretty good? Yeah and then you know consistency, accuracy. All of it sort of falls into place. So all right guys. Well um this has been great I Hope you guys enjoyed those who have tuned in for this interview.

Um, you'll be able to see of course both of us in the chat room as always and um, we'll We'll see you for um for an update, hopefully when you cross over one of the next big badges. Yes sir. All right, Thank you. All right.