What's up everyone? All right. So today is the worst day that I've had in months. This is. This was not a good day and it's pretty discouraging because it started strong.

Well, it started, it started well. uh, it got better and then it went bad. And the disappointing thing is, I'm red on a stock that went up over 100. So to kind of walk you through how this is even possible.

Um, we have to go back to the beginning and I'll recap the actual trades with my screen share and I'll show you the trades and everything else. We'll get into the detail of the individual trades. But in summary, what happened today on Gct this Chinese ipo. at ipos yesterday, the company sold 12, sold 2.5 million shares approximately at about 12 a share.

So they raised like 30 million dollars in their ipo. The stock starts trading yesterday and it went up to a high of about 21. It then sold off hard. It wasn't clean yesterday, but I didn't trade it yesterday.

I was like this doesn't look good. Uh but through the afternoon it started to rally back up and then pre-market It kept going and this morning between seven and eight a.m it broke through yesterday's double top of 21 and squeezed up to 28 dollars a share. I sit down at eight am. I wasn't sitting down early.

I was like it's Friday. it's been kind of a slow week. Um, I don't really think that there's I'm gonna be missing much by sitting down at eight, but I could just miss this. You know, eight dollar a share parabolic squeeze.

So I'm watching it pulling back on the five minute chart and I'm like, okay, it's on the back side of the move. I missed the front side. I can't really trade it here. it pulls back a bit more and it comes down to the volume, weight, average price and I was like, well, I could take a dip trade here So I did take a dip off V Web small size 500 shares, it bounces up a dollar a share.

I make 500 bucks. I was like, all right that puts me in the green. It ends up breaking V Wap, going down a bit lower back towards 21. It holds support at yesterday's high, so previous resistance becomes support.

it curls back, gets back over V Web and I traded it again through the V Web and on this one we got a nice pop back to 24. consolidation, then a break up to 26 and I got myself to up 3 000 on the day and I was like okay, I'm getting in the groove and this thing is showing strength because it got back over V Web. That's good. That's what we want to see.

All right. Well then it starts consolidating between 26 and 24 and we're on this kind of longer consolidation. It's not really an Abcd pattern on the five minute because it sort of pulled back too much and then just was consolidating too long. but it was definitely an ascending wedge.

It was definitely holding up and so I saw some green on the tape and I was like, you know what, I'm gonna punch it. I think it's about to break and if it breaks through 2659 Next target high a day 28 and then 30 35, 40. who knows. So I jumped in 4 000 shares.

It squeezes just a little bit, up to 25.75 and then all of a sudden this big order goes through and this thing dumps to 24 bucks and I still I had no choice but to stop out. I mean, I could have added, uh, but if I had added on that flush of a dollar and a half a share with 4 000 shares, well actually, I did add I added a thousand shares. but if I had like doubled down and gone to 8 000 and then dropped another dollar a share, I'd be down 16 20 grand, right? I mean, I could get really hammered on that trade and and that would make a just terrible loss. So instead, Ruthless cut the loss.

Unfortunately, not 30 seconds later, it's back at 26. it chopped me out. I stopped out like two cents above the low and it rips back up to 26.. And on that loss, I went from up 3 000 to red on the day and I don't even remember exactly where I was.

I think I was down three three thousand. So it comes back to 26, goes up to like 26.50 consolidates for a second and I got back in at about 26.. I was like okay, it's holding it flushes to 25. That was with 2 000 shares.

I lose again and now I'm down 6 grand on the day. So I went from up 3 to down 6.. And as we get closer to pre-market as we get closer to the opening bell, it squeezes back up to 26-27 At the open it dips, it rips up to 28-29 It then flushes down to 25. Looks like it's red on the day.

Rejecting that high looks like it's done. and then all of a sudden it rips back up to 28 29. it halts up, dip and rip, then goes on. The second halt goes into a second hall at 30.

opens up to 38, goes up to 40. and I'm right on it. It pulls back all the way back down through two or three halts down to about 21, Then it bounces back up to over 50 a share. So I'm the guy who's read on a stock that's up 100 today.

The problem was I started small, I built a cushion and then just through the luck of the draw the trade where I sized up to my biggest position of the day, I caught like a two point flush. and you know what, sometimes that just happens, but unfortunately it it put me in the red and then from that point forward I was like listen, man, you're in the red I can't afford to keep taking a lot of risk. So as it started to come back up and I traded it on the move back up, I kept trading it, but I wasn't able to take enough shares to make a good debt in the losses and that was the problem. So and then I got to a certain point where I said okay, when do I throw in the towel? when do I call it quits? When do I just say enough is enough and well we'll answer that as we get into the recap.

So I hope you enjoy the recap. Um, this is a disappointing day for me, but um, perspective is important. It certainly could be worse. I am on right now the best month of the year Month of August.

Even including today, it's the best month of the year which is great. So and I, uh, I've been on a really great green streak. The last red day I had was, um, I had two red days in July, only two red days in July. So in the last two months I've only had two red days.

It's pretty good. but today was a tough day so I hope you enjoy the recap. Um, I'll put a link at the end of this episode to the Bear Market Strategy video that I uploaded, uh, earlier in the week and I might just put like a little a little highlight to it here. I hope you guys check that out after you watch this episode.

I hope you hit the thumbs up. Um, I said I would donate a dollar to charity for everyone to hit the thumbs up on it. Um, and so I'll be doing that donation later today. So thank you guys who have done that as we premiered and got the video started.

I hope that it helps you. A Bear Market Strategy: You know we're in a Bear Market. This is a market where there is a lot of choppiness and I got chopped up today. But today's recap and today's trading is a good example of how a professional trader someone who's been doing this for a long time is able to handle drawdown and how they trade and dig themselves out of the hole.

So you know other traders on a daily today could spiral and could end up being down 100 200 grand easily on a stock as volatile as Gct, No doubt about it. I maintain discipline, I maintain composure, and by the end of the recap, you'll see where I finished the day. All right. So thank you guys for tuning in.

Reminders: Always trading is risky. My results are not typical, so take it slow. There's no guarantee you'll find success in the market. This is a difficult thing and today was not an easy day.

When it's easy, when it, when it's um, when it's hard like this, it just feels like it's not worth fighting it. And on other days where it's easier. relatively speaking, those are the days I want to try to push hard and do as best as I can. When it's when it's hot, I want to gun it and when it feels just choppy and I'm not on the right side of things, I got to get out of the choppy water before I get caught up.

so I hope you enjoy the recap and we'll see back at it Monday morning. All right. So I'm going to go over the trades from today. Today was hands down the worst day I've had trading in well over a month.

I had a day at some point in July and I don't remember exactly when it was, but I did have a day in July where I went down. I think it was six thousand dollars and I recovered those losses and I guess I must have finished the day. Green? I don't even remember what day that was, but um, I don't know. Sometime in July I guess.

But so that was. That was not a great day. Um, and uh, today was. you know, I and I've been.

This is my sort of. I've been on this nice hot streak here, so I'm grateful to be Green. Today I went up three thousand dollars pre-market on Gct and then I went, uh, red on it. I went down six thousand total on the day read six thousand and then rallied back to up a thousand.

Uh, so I am green after commissions and I'm grateful for that maintaining the green streak. but it was not a clean day. So we'll look at, um, we'll look at the trades on Uh Gct. I'm down 1400 on that stock.

Look at the trades on Vlcn which was green and then a couple of these in the middle. Not a lot to really go over on those, but let's see. So it's been four five weeks since my last red day. About five weeks.

So 25 26 trading days and I had two red days in um, early July or mid July here. Two red days back to back, seventeen hundred and thirteen hundred. and then, uh, prior to that, I the last red day was like end of June or mid-june So anyways, um, I've been doing pretty well, but today wasn't super easy. So let's look at Gtc Gct so it's halted right now.

Coming back up, it shows thirty dollars and you can probably tell as soon as you look at the chart that this one was pretty wild today. So unfortunately, I sat down this morning at um, about eight am. So I sat down where that blue line is. Which means I missed this entire pre-market move on Gct this ipo yesterday and I didn't trade it.

I saw it and I was like nah, it doesn't look interesting, it's selling off. But then after hours in pre-market it popped up and you got that really nice move between seven and Eight Am. So my first trades on it, uh were with small size. I did dip trades off of volume weight, average price with 250 and 500 shares.

I made 500. So I got myself up 500 on my first couple trades and then we broke down and on this rip back through V web. Here I got some nice trades there and right there that put me up three thousand. So three thousand in profit on the day on Gt Gct.

And then this area here. right in here is where I ended up going from up three to down six. So I gave back nine thousand dollars of profit on it. So I think we've got to look sort of closely at that.

So my problem on this one here. We had a nice trade here right this break of 24 74 and I sized up on that trade a little bit so let's see the time on that was about 8 35. Let me just go back here. So around 8 35 it starts breaking out there.

so I added on that. uh that was a 2 000 share trade you know, which is which is a pretty good size trade for sure. So I took 2 000 shares of that and that was what put me up to 3000 on the day. As we got that squeeze up to 26.59 it pulls back here and as it curls back up.

I took a couple trades in this area. Small gains, nothing big because it didn't really open up and then literally right into this candle. I bought 4 000 shares as it started to curl up at 25.50 it goes to 25.75 and then drops to 24. just like that.

And you know. So on that trade. Um, and let me just, um, let's see. let me just look at that trade.

So that was at 909 Am. So 909 am. Um, I bought 4 000 shares and then I added another thousand on the dip. So I had 5 000 shares total and I cut the loss at 24..

So that put me down in that trade. I went from up 3 000 on the day to down about 3 000 on the day. It's a thousand dollar loss just about. So it was a pretty bad loss and I was like man, for real like that's that's super lame.

I mean it's just the luck of the draw. I thought it was gonna curl here. Is there anything that could have been a red flag on this? Well, you know, the Macd was not super strong. Um, you know we were in this sort of sideways consolidation so that wasn't ideal.

It wasn't a perfect position. We had already had some false breakouts but not too bad. But of course then the price being higher so I think I sized up a little too heavy on it. But on the other hand, I was already up 3000 on the day I thought I had a cushion and I just really wasn't expecting a dollar a share drop.

I wasn't expecting that. Uh, and in fact you know I caught one of the one of the nastiest candles of the morning as as of that point. So anyways, it is what it is, so it but then add salt to the open wound. Let's look at the 10 second chart for 9am so it sells off right here it pops up.

So this is my this is my entry right here. I then added right here on the dip. I then stopped out right here and then it rips right back up to 26. are you kidding me? So then I got back in at 26 right here with 2 000 shares.

I stop out again down here as it breaks uh 25 at La 2480. So I lost another 2 000 bucks and then I went from down 2 000 or 3 000 on the day to down 5 900 on the day 6 000 on the day and I was like my goodness I am just heading in the wrong direction here on this one so that was super disappointing. Um we ended up having this move here up to 42 and uh, from down a total of probably 6 000 on it I am. I did recover most of the loss which is good but pretty pretty disappointing.

So I traded this going into the open right here. I held it into the open for the break of 27. we got a nice squeeze here up to 28.93 I took profit, it sells off, I thought it was done. It then comes back and I bought a thousand shares.

for the break of 28 it goes up to 29.45 halts up. I take all off the table but like 250 shares it resumes. I bought a thousand shares at 30. I immediately sold it as it pops up here to 31.40 and was holding again about 200 shares going into the next halt.

And then here I was like I don't know, I don't think I can do a dip and rip on this after the second halt. So I just held 100 shares, took profit on half of the 200 and then I still held 13 shares by this time here and sold the rest at about 40 dollars. So you know I. The thing is, I didn't have.

you know, at this point here where I added a thousand I knew that that was a chase and I was like there's a possibility this thing will flush right back down. There's no way I could have punched that for 5 000 shares. I mean I wish I had in some ways, but if I hadn't it went the wrong way. I would have gone to down seven or eight thousand and then I probably wouldn't have had any hope of recovering.

So the mentality changes when you go red on the day. You know, from trying to have a nice big green day to just kind of minimizing the damage. So these were really quick trades, just trying to slice off. You know, little winners here.

little winners there. try to soften how red I was on the day. quick to dip and rip, dip and rip and then holding a little longer. I saw some other traders locked up, really nice gains on it.

Those were traders that were able to either avoid getting caught in this nasty flush at nine uh, 909 this morning or who held through it and it rallied back up and they sold for a profit. They didn't You know, panic sell like I did. And the reason I panic sold is because I started with a big, a little bit too big of a position. but again, I took 4 000 shares on that because I was already up three on the day the stock was trading nicely, it was in nice consolidation and I was like here we go, we're going for the break at 26 and a quick squeeze up to 28.

I ended up having the right idea for sure, but the timing was wrong and I took too much size to afford to hold through the whole pullback. Uh, so ended up instead of continuing just to add as it went lower and potentially risk being down 10 000, I cut the loss. I then got right back in cut the loss again. So then I started getting frustrated and then, uh, rallied back on this move here.

So then the stock that um, sort of also saved the day a little bit was Vlcn. So Vlcn comes out early this morning with news it's at nine. it's about 9 a.m it comes out with news, um, 9 10.. And so I jumped in this at Uh 288.

so jumped in at 288 and I started this one with 5 000 shares and I went real quick to 10 000 and then went to 20 000 for the break of three. So I sized heavier on this one to compensate a little bit and to try to make back some of the loss that I caught on Gct. But this one had pretty tight spreads and I wasn't really concerned about taking the bigger size on it. So this was an example where I was deeper in the red at that point six thousand.

I took a higher position size on this, but a lower price stock. So in fact, the risk was actually less than if I had kept trading Gct at that same time. But I did exceed my 10 000 share sort of cap that I've been working with for the last um, few months or really since like mid-june and there's been a couple a couple exceptions you know, through the last two months where I've gone a little higher than 10 000, but pretty rarely. Uh, today, I kind of felt like I needed to to dig myself a little out of the hole, and unfortunately, I was able to catch some profit on the move up to 318.

so realistically only got like 15 cents a share 2700. But whatever, that's that's fine. Um, it pulled back. I took one trade on it again at the open for the break of three.

That was okay, up to 315, but it wasn't wasn't perfect so that one helped. uh, quite a bit for sure. Um, and then small trades on Gns Bwv uh, wet G, and Meg L. Nothing big there, so you know.

Fortunately, today, I was able to recover the losses and get back to Green. I wasn't sure I'd be able to when I was down six because you know, Gct was our leading gapper and it wasn't trading nicely. But then we had Vcln or Vlcn that popped up so that was good. And then Gct did end up opening up and I was able to, you know, catch a little bit on it, but I just couldn't afford to take the risk.

Um, I felt on Vcln Vlcn that my risk was quite a bit less because really, with the volume it had, I didn't think I was risking more than 10 cents. Uh, unfortunately on Gct there was the concern of getting caught in a really big flush. So at this point now it's It's kind of disappointing and I'm gonna get a little fomo because we had such a nice move here and I'm red on the stock you know? and if this ends up rallying back to 38 or 40 or higher, I'm I'm gonna feel like man, I can't believe that I'm read on it. But perspective is important and you know this is what.

Um, let me refresh this page. Um, you know this is what I'm trying to maintain is consistency and I was able to rally from being in the red to being into green which maintains my hot streak And that's something that I can be really proud of today so I can take some solace in that. And um, you know the fact is, some days are just not as clean as others and today, for whatever reason, I just had a really hard time. uh, staying.

you know, getting myself in a good position. But you know I've had days where I went from green to red back to green and then went all the way back down to Max Loss because I just didn't know when to slow down And those are days where I sat and I was like, you know, dude, you would have been a lot better off if you had just walked away. When you're up, you know, when you had gotten back to Green, why didn't you just take the blessing? You were down 6 000 you got back to Green. That by itself is a victory.

Shut it down. Clearly, this hasn't been your day. Try again tomorrow. Uh, so that's what you say in hindsight, when you end up being red in the moment, Fomo can get you.

and next thing you know, you're punching the order for 2 000 shares here at 35.96 to go into a halt and instead of showing a gap up to 38, it's showing a gap down to 33.. And you're gonna lose seven grand, eight grand on it. And just like that, you've gone from being flat on the day and managing risk to biggest red day you know, or whatever. like I've just.

These are the types of days where emotions start to pick up and you. It's so easy to do that impulse punch of the button and next thing you know you're in a you regret it And so I know that I have that tendency. I've done it many times and I know that right now after fees and commissions because I took bigger size on Vlcn. So my commissions today are about six hundred dollars and my sorry my ecn fees are 600 and my commissions are 200.

so I'm really only up 200. today. It's it's a green day, but I don't have a cushion. it's 10 48.

we're coming to 11. I don't have a cushion today. so unfortunately for me, um, the right move is to shut it down to sit out. And for my own sake, it's best not to look at the charts and get fomo.

It's much better to say you know what, You're locking up your 26 consecutive green day. Some days are easier than others. You manage to pull it off here from being in the red in the green. Be grateful.

Come back on Monday. So I'm gonna lead by example and do exactly that and I'll see you guys next week. Those who watch this recap on Youtube. I hope you guys check out, um, the episode that we uploaded this week on my Bear Market Trading strategy.

I'll put a link to that right there and I'll put a link here to another recent upload that you guys can check out. All right. Thanks so much for tuning in. Reminders: Always trading is risky.

My results are not typical, so take it slow and be back at it on Monday.