What's up everyone? Alright, so another episode of Driving With Ross We're wrapping up the week here. This week has been a little bit tricky. I had my biggest read day of the year so far. Damn 70 300 bucks.

And you know, anytime I have a day that deep in the red, it definitely requires a few minutes of self-reflection a few minutes of kind of looking over the strategy. what am I doing right? What am I doing wrong? Was this just a bad day? Now in truth, I actually wasn't as upset yesterday as I was on the day before when I lost $800 in my IRA I was actually more upset about losing 800 in the IRA than 7,000 in my main account. and the reason is because my IRA only has $10,000 in it and so that $800 loss for me is, it just feels a lot more painful. it's a small account.

I'm really trying to make slow and steady progress and you know having that type of setback is just super frustrating. I'm also limited to only three trades per week, so you know I blow one of the trains on a a loss and I've only got two more to make it up. So realistically, the next trade is just gonna get me back to break-even and then maybe the trade after that puts me up into the green, but it just kind of stacks the cards against me and so that was actually more frustrating than than anything else. I Was really upset about that loss losing 7,500 yesterday or 7300 whatever.

It was not as big of a deal. and I think that's because I'm still well into the green in that account. on the weak, Still green on the weak. We're still in really good shape on the year.

So it's just kind of like you know. this is what happens when you are aggressive I Remember Three, four, Five years ago, a $7,500 loss would have been pretty devastating. It would have felt like oh my god, You know this. It's time to throw in the towel.

You know it would have been really painful. But now since my biggest green day in the last two months was a forty thousand dollar day. losing 7,500 isn't just isn't as big of a deal, it's it kind of. You know what I was saying a little bit yesterday is that let's kind of look at my best day and my worst day of the last six months.

best day was forty thousand dollars in the green. Worst day was fifteen thousand in the red. Everything in between is just noise. It's It's nothing to get bent out of shape about.

It's nothing to be really super excited about. It's it's just noise. It's a green day. I'm up eight thousand.

That's great. Fine, there's no reason to celebrate a red day. I'm down Five thousand eight thousand. You know.

Whatever it's it's not a big deal. It's no reason to get bent out of shape. It's easier said than done because of course you know I Can't help but feel like when I have a day where I make eight thousand dollars? Well yeah, it's just what I'm supposed to do I'm supposed to come in here every day and make money. So when I have a day where I lose money I'm doing something wrong.

So my emotional kind of you know range is it's either normal I'm doing good or I'm disappointed because I had a bad day. So I have to really try to correct myself and say look yeah, you lost seventy three hundred bucks or you lost eight hundred in your IRA it's not a big deal, this is just the noise. This is the stuff in between. This is the hard part about this job though is every single day you know it's it comes down to did you win or did you lose? Did you make money? Did you lose money? And any day where you lost money, there's just that feeling of you know I screwed up.

So you know getting to a point where you're okay with being in the red is a is a huge turning point and it's really empowering. So you know for me being red 7300 and yesterday and really just being like okay with it like yeah, it's no big deal, that's that's a big that's a big thing. So for you guys, even if the numbers are smaller, you're red. Seven hundred thirty bucks and you're okay with it.

That's a big deal. You know that's what I want you guys to really kind of strive for is being okay with being in the Red. Now being okay with loss, because once you're okay with it, once you're embracing it and you're like, yeah, this isn't a big deal, It really empowers you. It frees you to just focus on being the best trader you can be.

You're no longer obsessed with trying to, you know, minimize the losses, or you know, hold on to losing trades because you're afraid to lock it up and make it real. So it's it's. definitely a big step. I Really encourage you guys to, you know, kind of be okay with law with losing.

One of the things that I've sort of tried to encourage new traders to do, especially in the simulator is set. automatic stops of ten cents on every trade and what's going to happen is you're going to get stopped out a lot. You're gonna lose ten cents, but you're gonna realize it's no big deal. You kind of have to go through this process of conditioning yourself to be okay with those small losses because the reality is, if if I could cap every single one of my losses to only ten cents, oh my God.

I mean it would be, it would be a total GameChanger That's not realistic for me when I trade with fifteen seventeen thousand shares just due to slippage. But if you can get yourself into the habit of being, you know, really comfortable taking small losses, it kind of breaks down that emotional barrier. that emotional, you know, fear and anger that can come with losing money trading. Alright, so with all that said, let's get into today's midday market recap and break down the trades from this morning.

All right everyone. So we're gonna break down our trades from this morning, finishing the week here with a green day which is how I'd love to finish the week. So let's see. I'll bring up my broker layout here.

So finishing with two thousand, six hundred fifty dollars and 33 cents, not a bad way to finish the week. green is is absolutely good. Only two stocks I traded this morning. one was a good size winner.

thirty one hundred dollars on BS P.m. and then a $477 loser on OHG I Again, no trades in my IRA today this week. Unfortunately, I only took one trade in the IRA and it was a loser so just didn't really see anything that I felt confident enough to jump into and the IRA But you know that well except for the one that was a loser. But you know that's okay, it doesn't really matter I'll just be back at that first thing on Monday morning.

Hopefully we'll see some good opportunities early in the week, so that account is just kind of idling right now. but my main account here trying to get a little bit of redemption. A little bit of a bounce-back obviously. I was read yesterday and I was read on.

Wednesday So to read days in a row? really, my only goal today was to try to close the day. Green I mean I wasn't trying to be a hero I didn't want to set the goal that I would make up all of the losses from yesterday. That's that's called trying to get revenge on the market and the market will always remind you that it's stronger than you always. So you have to just take smart trades.

And I took some smart trades today and came out of the market with profit. However, yesterday losing $7,300 I'm losing 4,000 the day before certainly has put me, you know, a little bit in the the red for the last three days. So total profit in the last. Well, total profit on the week here is over eleven thousand dollars, which is terrific.

Eleven thousand, six hundred and twelve bucks. I'm I'm totally happy with that. That's a really great week, but my average for the last three days is obviously not terrific since I had to read days. So what it means now is that my daily average today is the 23rd day of 2018 and I'm averaging four thousand, eight hundred and seventy seven dollars per day for a total profit of one hundred and twelve thousand dollars on the year.

And currently I'm read about five thousand on the month of February so you know I started January in the red I started January with a forty five hundred dollar red day and I finished January with well over a hundred thousand dollars in profits. So I'm not gonna get myself bent out of shape here that I've ruined the month because we've got a lot of time for a rebound. so you know, hopefully we'll see good opportunities. you know, early next week on Monday Tuesday Wednesday and I can start getting myself a little bit more into the driver's seat, but you know at the same time if the market does start to slow down and get a little choppy err I need to be willing to just take the two thousand dollar days and not try to keep swinging for the fences and trying to aim for eight or ten thousand dollar a day because two thousand dollars a day is good money, especially if two thousand dollars a day is the best I can do during a slow market because I know when the market does pick back up I'll go back to those big days.

That's one of the hardest things is you get used to doing eight or nine thousand dollars a day. so a day where you're only making twenty six hundred feels like it's You know it's not a lot in terms of profit, but the reality is this is this is a great day. $2,600 is very good. So let's look at BS P.m.

BS P.m. was the first stock I traded this morning I actually tried to take ten thousand shares at Ninety Three 393 and I didn't get filled. So as soon as the bell rang, this started surging up and I was watching it to break yesterday's high because I knew if it broke yesterday is high which was 392 that it would probably test 420 which was the high from Wednesday and if you broke 420 we had room up to 597 so that was what I was looking at as the potential on the day. so is it started to spike up I'd tried to jump in at 93 but I didn't want to chase it so I got filled only 1400 shares and then I cancelled these orders and added just about 2500 at 498 and then this I'll show you in a second.

that was a trade a few minutes later. So I started with about 3500 shares at 394 so it pops up to a high of 410 and I said okay I'm gonna wait now for the first pullback before adding full-size We get the pullback right here and I add at 4:05 406 for the first one minute candle to make a new high. All right. First one minute Kayla make a new high I add at six and nine and ten and I'm selling at 17 and at 20 and it's seven and at 15.

So right through there. By this time in the day, I was up $1,800 $1,800 right there. So now I'm saying okay, good, that's great. $2,000 in the first four minutes is terrific now.

I'm looking to get back in I got back in at 4:18 for the high a daybreak. We've got a break here up to a high of 438 I was selling at 4:23 and sold the rest of $4 Does it drop back down? Didn't end up really being that big of a winner I Guess that was right in this area and you know I just sort of started feeling like it was getting choppy and it wasn't really holding up very well and you can see even right now with 10 million shares of volume, it's only up 24% on the day. It's kind of been a little bit of a struggle. so I ended up getting back in Bs P.m.

at 429 and 430 which was right through here on this pullback. So I added back right in here and so old at four. Let's see for 49 for 46 I added it for 46 and then I sold more for 49 and for 45 and for 37 for 44. So total profit 3127 dollars on that name.

Not bad, but not the easiest one to trade. so it ended up. It ended up pulling back here and consolidating and I said yeah, you know maybe it's worth watching over for 35 and what ended up. happening is it all of a sudden curled up.

Let's see where was it started to curl up right here up to 435. It broke over that level and it squeezed in one candle all the way up to 470. I have looked away from the computer for like five minutes I look back and it was halted. It then resumes from the halt all the way back down at four thirty, which is really unusual.

Typically when stocks halt going up, they open higher. This one opened way down here at four thirty and then it just rolled over. So that's the choppiness of the stock today. it's It's not been very easy to trade, it hasn't been really giving us 15 20 30 cent windows.

It's been more like five to ten cent windows and so the only way to profit was for me to take ten fifteen thousand shares and try to get those small you know, small gains. So FTR spiking up a little bit here as you can see up to nine. So today generally speaking was just not a very easy day for me. The my one loss on OHG I I got in at 250 I saw it squeezing up here and I thought it looked good.

Volume was coming in daily. chart at that point was looking pretty good I Got it in at 250 with 6000 shares and stopped out for a 8 cent loss. $480 in the red. So and then that was it.

Really nothing else. We haven't had any other good opportunities today. So I'm feeling. You know good that I'm close to the day Green which is you know was my kind of minimum goal and $2,600 is really not a bad, not a bad day, especially for a Friday after a couple of choppy days.

So I think my game plan will be. you know, come back on Monday morning. Hopefully we see some really good opportunities. I'm able to start to get myself into the green for the month of February and build up those profits.

Last year, February was my best month of the year until I broke the February gains in November. So I do think that February has a lot of potential. This has just been a little bit of a choppy start the last couple days, and it's probably been in part because of the the sell-off and the crypto markets. I mean I Think right? We've definitely seen a lot of sympathy in this in the regular stock market because of what's going on in the crypto.

Marcus So you know that's kind of something that I'm definitely mindful of Show you. Let's see here's Crypto Watch. So I mean it's read all across the board pretty much. You know Bitcoin is down 8% Today we're at $8,500 so it's just not been.

you know since from 19,000 down here, consolidation and breaking down even more so. this is not probably helping small caps because this is certainly showing weakness. You know my I'm just kind of waiting on the crypto markets to turn around a little bit. We had a little bit of a curl here and then we on January 4th and then we've dipped down some more.

Aetherium has been holding up better than Bitcoin, but a bit of a drop here as well. So you know I think that that's definitely weighing a bit on the small cap markets, especially with so many small caps in the last couple months. coming out with news about going into blockchain or going into and you know, developing blockchain technology or going into crypto mining and stuff like that with the crypto market down 50% that's not gonna be super super good for those types of small caps, so you know that's something to be mindful of. We also certainly have.

You know the issue with the overall market. sp500 down 3 or Dow Jones is down 330 points. Today we're in a little bit of a pullback here. I'm not really concerned about the sky falling because we are had such a massive move up.

This is regular to be expected profit-taking but you know it certainly is also a factor. So last couple days market dipping down a bit from a high of 286 down here towards you know, 278 so you know a little bit of a pullback. Not really what we love to see for, you know, long-term holding, but at the same time it's gonna be a most likely a pullback consolidation. and then you know, a curl back up.

And what we like to see on these pull backs is that they get bought up, right? So you know the pull backs back here, especially in this area. You know at the time it was like oh, I don't know, these are some big red days. Look how big those red candles are. You know, big red candles.

But you know they got the pullback up on up and we've certainly squeezed up since then. So you know that's what you kind of have to think of this as is a buying opportunity. a little bit of a pullback in the market, and if we get down, even if we came all the way down to the 200 moving average, which would be a really massive pullback, it's still relatively speaking wouldn't be outrageous. especially if that if that happened over the course of a couple of a couple of weeks and we kind of had this you know, consolidation somewhere in here.

but you know at this point I don't I'm not too worried about it I'm just kind of gonna keep an eye on what the overall market does and and hope that on Monday we have some better opportunities for small caps, but you know if we do end up having to deal with a little bit of a choppy market here for the next couple weeks or whatever it might be I Think the game plan will just to try to be focused on taking those small profits when we get them having the 10:15 sense, keeping tight stops and just try to keep having these thousand dollar $2,000 days because this is a great way to just kind of grind through the choppy market. All right, so that's about it for me. I Hope you guys have a great weekend! I'm gonna upload 2017 year-in-review over the weekend so you guys will be able to find that on Youtube either Saturday or Sunday and I'll see all of you back here on Monday morning. All right, have a great weekend everybody! If you're still watching, you must have really enjoyed that video.

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