+100% Move then 3 Halts Down on Bad News! (Reminder: Market Closed Tomorrow)

What's up everyone? All right, so in today's episode, I'm going to break down my trades from the day in my main account. Many of you guys have probably already tuned in to day six of the small account challenge and saw that today is a red day recap. The first red day during the challenge so far. So, first five days were green, day six is red. Gave back about $1,000 in the small account, which uh well, I guess I had about 8,000 in the account. So, a little bit more than a 10% uh drop today. A bit more than I would have liked to have lost, but um unfortunately it is what it is. And uh it's my own fault for trading CDT, which was a lowerpric stock that didn't really fit very well within my strategy due to the price. So, shouldn't have been a surprise that it was choppy. And um I got a little stubborn on it. I think I kind of got hung up on not wanting to finish the week with a loss. Uh, and in any case, uh, well, I ended up making the loss bigger. I'm sure many of you guys have done that, um, in your own trading as well. So, a little bit of a mistake there in the small account, but um, in the main account, my first trade of the day was also on CDT. So, CDT, I took the trade in both accounts and um in my small account, well, actually that first trade I made $60 and uh CDT popped up on the scanner and it reminded me a lot of the stock yesterday that put in a big move from about a $150 up to $5, $6 a share. And so, because they sort of are similar price range, we're trading in a similar way, moving up very quickly, I thought it made sense. Um, but in any case, I was wrong. So, my entry was this micro pullback right here. I made $60 in my small account on that trade and I lost $120 in my main account. So, here's um I'll give you the P&L. Let me drag it over. I'm on my laptop here on my traveling trading station. So, there's the P&L for today. I'm down $120 as you can see there on CDT. All right. Look, 120 bucks. Who cares, right? doesn't matter. Could easily just say that's like a break even day. You know, yesterday I was up 40,000. Uh last week SpaceX Friday was up 84,000. Was up 144,000 last Wednesday. So being down to $120 is nothing. Doesn't matter. Uh I keep telling myself that and yet it feels like it matters. See, we get so hung up on being red or green. Being red all of a sudden it's an identity crisis. What am I doing? I'm a trader. I sat here all day or I got up early, I went to bed early, I got up early all so I could sit in the market and trade and I lost money. I feel like kind of a failure. So, it's easy to get hung up on today needing to be green, but today is just one day. Trading is a marathon. It's not a sprint. So, let the one day go. It doesn't matter. So, CDT red down 120 bucks. Doesn't matter. All right. So, then W hits my scanners. And this one was a roller coaster. Wow, what a ride. So, this one popped up on our scanners this morning. Uh, popping up because it had done a reverse split. It starts to pull back and then it rips up and as it ripped up, I bought the micro pullback on it. And on this one with a smaller position, I made about $500 in my small account. But in my big account, taking a bigger position, what could have been a winner with small size was a loser with big size due to slippage. Slippage on the entry, slippage on the exit. So, lost $3,400 there on that trade. Uh, which, you know, I mean, look, that's a little bit of a bummer. So, now I'm down $3,600 on the day. And, um, this was at what time? This was like at 9:05. So, we're getting closer to the opening bell. I'm not in a very good spot. I'm kind of thinking, you know, whatever. It's a it's I mean, it's a red day in the small account. It's a red day in the big account. Today, I just kind of sucked. That's how I was feeling. Um and that should be a cue just to throw in the towel and walk away. U you know, but in this market, we've been seeing some big moves after the opening bell, and I didn't want to miss those potential opportunities. So, that brings me to CRVO. You can see that I'm uh let's see CrVO I'm up $490 on it. So, all right, $490. So, CRVO ends up going from $472 up to $7 and then back down to $4. Uh made $490 bucks on it, right? Nothing else to cover. Well, maybe we should get into a little bit more detail about how that actually went down. So, CRVO squeezes up and halts at the open at 9:35, just after the open. Then it does a dip and a rip up to 460 before selling off. So when it rallied back up here and halted a second time right there at about 690 on the resumption, I said time for a dip and rip. Bought the dip and it goes up to 740, but I was in at about 720. You know, the dip isn't perfect. You don't get the very bottom. So I was in at about 720. Hit a high of 740, drops down. Now I'm down 30 cents a share. I'm still holding. Comes back up. It doesn't break through. I'm still holding. Comes back down. And I cut the loss right there. So now I'm I can't remember how much I lost on that trade, but now the loss is getting bigger. I think there I was down from 3500 maybe to 5,500 on the day. So I'm thinking gh, you know, I wish I hadn't taken the trade on walk. I wish I hadn't wish wish. Uh but that's not changing anything. So this ends up selling off more. I give up on it completely. I'm like, that stock is garbage. Whatever. Um, so that was CRVO. Uh, and and look at this. So, they ended up doing a $10 million offering priced at $4 a share. Uh, later in the day, they announced this offering and it dropped three halts in a row going down. But what's interesting to me is that they sold 2.5 million shares. Well, CRVO right now has 97 million shares of volume. So, what does it really matter that they sold 2.5 million shares? Was that really enough for the stock to drop from $7.50 to $4? Well, evidently it was. It kind of seems funny just given the abundance of demand today, but nonetheless, the price has come back down as you could see right here. So, we had one, two, three halts down, a bounce from what was the low? The low was $4, bounced all the way back here up to just under five and then came back down. This is a double bottom around four. Probably some people would be buying down here since the offering price was four, but nonetheless, if the market's going to be a little irrational, you don't want to try to go the opposite direction. So, CRVO um ended up uh later in the day then having this break of $7 and a squeeze to a new high. And 745 was important. And why was that? because that was also yesterday's high about a double top at 7:45. So it broke through that level but then rejected and flushed back down then it actually halted then it rallied back up and then it halted down right here when the news came out of the secondary offering. So CRVO very choppy difficult to trade not very rewarding. Um then we had an IPO which I you know because we had such a big IPO last week. Um this was um nuclear energy company. I thought you know maybe I'll take a small position on this. You could see it. It popped up. It dipped. It ripped back up. Um I ended up losing $1600 on it. And then ATPC saved the day. So ATPC, let's look at this one. So we'll look at the one minute chart. ATPC had this um move, you can see the last couple days where it popped up, had some resistance, sold off. So when it popped up this morning, it popped up, it dropped back down. I thought, nah, that's nothing to get excited about. But then right here, as it broke over 450, it pulled away. I didn't get the trade on the break of 450. I missed that. But I did get this pullback right here and this pullback right there. And that gave me about $7,600. Well, actually gave me about $10,000 of profit. And then I gave back um trying to take this trade here for the curl back up about 2500. So I'm finishing the day at 2900. Um you know, there's other days this week and and last week where I would have made a lot more trading later in the day. Um, you know, yes, I I dug the hole deeper, then I recovered it, finishing up three grand. You know, on on a month where I'm up nearly $500,000, today is not a very material day. It doesn't really put a dent in the P&L. I almost hesitated to even do the recap because I just thought it's it's not really much to talk about. But then on the other hand, I thought while the P&L in total dollar amount may not be uh super exciting right here, there is another story to talk about which is um that tendency to get stubborn and that tendency to fall victim to the fear of missing out, FOMO, not wanting to miss opportunities and the feeling of frustration to know you have missed opportunities because because of First, we all miss opportunities. No, no one can catch every single move in the entire market. So then when you miss opportunities, you feel a little FOMO from that. And then you manage to go red on something because you bought a lowquality setup. All of a sudden, it can fuel this perfect storm of I don't want to say I mean it can fuel the perfect storm of revenge trading. Um I wouldn't say that's where I was at today. Revenge trading is more when you're accelerating, getting riskier and riskier and riskier and riskier and taking bigger and bigger and bigger size. But nonetheless, it it can fuel this um emotional response. And it's, you know, today when I in the moment where I went from red to green on the day, I was red and then I flipped back to green. I just had this sigh of relief like, "Ah, you did it." and and I said, you know, I don't really like it that I feel that it's so important to close the day green. It doesn't it doesn't really matter that much, you know, big picture, am I green on the week? You know, we'll go overview. This is the month um right now of June. And I mean, it's it's been a great month, you know. Yes, I didn't have a very good day on Tuesday. Yes, yesterday I gave back too much profit off the top. You know, these last three days haven't been great. And maybe some of this is a little bit of the shock waves or the um kind of continued effect of some of these insane moves from last week. You know, on Monday when we had when I was up 14,000 back on Monday the 8th, that was when we had inh 5,000%. I mean, the the fact is the stock is halted on T12. It's been halted now for a week. So, you know, it'll be two weeks coming in next week, actually. So, I mean, I I shouldn't have that much FOMO that I missed it, but I could I could have traded it and then been stuck in a halt. But at the same time, um we had this unbelievable move and then the next day we had PAVS or was it PAVM? PAVM, I think. Pavm makes this unbelievable move. Um or no, maybe it was PAVS. Oh, well, it doesn't really matter. But anyways, the next day we have this incredible move on another stock which was just, you know, ridiculous. It was like a 2,000% move. I didn't trade it at all. You know, this thing just goes absolutely insane. And again, it's come back down. But I think the feeling that I kind of squandered these opportunities um because I was not in front of my computer when they happened gave me a a feeling of of a loss. a feeling of a loss that didn't actually financially occur because I didn't trade it, but a lo a lost opportunity and a lost opportunity. Um, then often we overcompensate on the next stocks that pop up. We trade them more aggressively. And this is just like trading psychology 101. You multiply that across millions of traders in the market and that's why you know SpaceX IPO is strong and the next big IPO will probably be similarly strong because people who miss SpaceX want to catch that you know move on the next one right so the SpaceX IPO um you know ends up from you know the IPO price of uh 135 ends up going up to $225 a share from the day one price you know I could have would have should have just bought the 8,000 shares on Friday and held it for two days could have made half a million dollars, you know, and maybe on the next one we keep seeing three, four, five of these in a row and at a certain point you like I'm an idiot not to start to take a position and hold for the bigger move. And that's that collective kind of mentality in the that moves the market where traders are like, "Okay, next one I'm gonna be more aggressive." And you know, unfortunately today, obviously, the market uh is closed tomorrow. So, we've got a market holiday tomorrow. So, no trading for Friday. Um so, that's now we've got a short week. So, today was our Friday. We didn't have a lot of great news catalysts. Traders had a little sense of urgency of, oh no, the week's ending. I've got to make up for lost time. So, a little bit more erratic price action, people being aggressive, kind of in the wrong spots. Um, and then but knowing that I can't hold this into the weekend because there's no time left. Sort of the the way a football team starts to flail at the end of the fourth quarter when they're down, but still have like a little bit of a chance, but everything has to work and they start throwing a hailmary pass. And I think we had a bit of that today in the market. We saw some big swings. Um, and then you know, Monday, I don't know what's going to be in store for us uh, this week. Monday was best day of the week. So, we started strong on Monday and then it fell apart on Tuesday. Then we were back at it Wednesday. And Wednesday, I mean, look, I was up 70 76,000 before I threw away, you know, some of those gains um, to finish the day at 40. So, I overstayed my welcome today. You know, I mean, I was never really green that much, but I went red pretty much right away. So, I don't know. This week's been a little tricky, but I guess all's well, it ends well. $72,000 week here, $71,000. Uh, that's going to put me up just under 500,000 on the month, which makes this a pretty solid month. And we still have a week and a half left. So, at this point, we're definitely seeing some big momentum. Um, I'm still finding that pre-market is the cleanest. We don't have to deal with halt levels. We don't have to deal with market orders. we're seeing we, you know, less of those jack knife moves. So, you know, continue to be aggressive during the pre-market session starting at 7 a.m. works and then kind of unwinding, you know, and wrapping it up as we get closer to 10 a.m. and maybe sooner as well. So, that's where I'm at here to finish the week. Um, I hope you guys had a decent week. Definitely some big roller coaster, big moves. So, if you, you know, got caught on the wrong side of a couple, you're not alone. you know, I did too. And we've just got to try to course correct and bring it down a little bit. And today, at least, everything ended up being more reasonable for me. You know, I was never up a lot. I was never really down a lot. So, today didn't have the potential to ruin my week or my month. Um, which is good. So, kept things in check in that regard. Uh, and as always, I'll be back at it on Monday morning. So, if you guys haven't already checked out my um the link for the twoe trial, you can use this software right here, charts, scanners in the news feed, and you can be logged into our chat room and listen to my broadcast each morning. But reminder, as always, trading is risky, and my results aren't typical. So, manage your risk by practicing in a simulator before putting real money on the line. With that, I'll see you guys bright and early on Monday morning streaming at 7