MAX LOSS RED DAY

All right, well, we've got a red day recap here today. It's a max loss red day. I'm disappointed. I think there's some lessons to learn from today's losses, so I'll walk you through them. Uh things began this morning relatively slowly. We didn't have much on the scanners that were that interesting. Um there were a couple different stocks that had moved up earlier, RDGT. This one had popped up at 4:00 in the morning, 4:35, and then rolled over. Popped up again at the open, but unlike um the stock yesterday, EHGO, which popped up at the open yesterday and ended up squeezing through a new high, um RG RDGT was not able to make this kind of recovery. RDGT uh just had a short-lived little bounce at the open and then continued lower, but I didn't trade that. This one uh but well, there was no setup in the early pre-market session, and even at this point here it felt like it was too much in the shadow of this big move, um which was sort of um really distinguished with this big topping tail. So, that rejection made me uh not interested in RDGT. Didn't take any trades on it. All right, so uh sitting tight basically 7:00 a.m. There was nothing at 7:00, 7:15, 7:30, no trades. We ended up having um a couple of stocks that did pop up, and I thought, "Uh yeah, maybe I coulda woulda shoulda." Um and HSCS was one of them. So, this stock popped up on the earlier side, um and I wasn't really sure about it. It It's a US company. It starts moving higher. It's a little bit cheaper, and I kind of just, you know, watched it from the sidelines as it popped up here and thought, "Nah, I don't think that's really going to work." It ends up squeezing up right here, going up to 339, then trapping shorts under VWAP, then ripping back to the high, and then double top. Reject. So, I'm like, "Yeah, that's a rejection." Big jackknife back down under VWAP. Then it curls back up here, pops up, looks like it's going to go, and then jackknife a second time. So, then it curls back up here, and I was like, "Well, I'm not trading this. I can't trust it." But as it got up to 350, 360, 370, I started thinking, "Maybe I made a mistake on that." Uh but it end up reversing, coming back down, um a little bit um into the open. It pops up again. Ends up getting back up towards that area, but unable to really hold over that 365, 370 area. It served a double top from these two highs. So, no trades on that one. Although, in hindsight, I thought, "Maybe I should have traded it because I might have been able to break the ice a little bit." Um And now, that that's kind of what I was thinking. I thought, "May Maybe I should have could have broken the ice, maybe gotten, you know, a couple trades on it." Um you know, even if it was only I don't know, a couple thousand dollars, that would have been a little cushion that I could have used going into the next trade, potentially. Uh BLZE, this one was on the scans this morning. Higher float, 57 million shares. Didn't have any interest in that. BOLD, this one was on the scans this morning. A little bit uh cheaper. Wasn't interested in that. CIIT, this one was also on the scans this morning, uh and is cheaper, as is ATLN. So, we had a bunch of stocks that popped up this morning, and none of them really seemed quite right. And then we had ICCM hit the scanner. And I took this trade in my small account. And in my small account, it was a small winner. Um well, partly because I I only buy so many shares, but partly also because uh I didn't fill my entire order. And look at this look at this move. So, it ends up squeezing up. I get in down here. It goes up to this area. And in my main account, I ended up buying right in this area for the break of eight. I was like, here we go. All right, this thing's up. It's moving higher. And in my main account, it ends up hitting this high of 850. It drops down, comes back up, drops down. Ended up stopping out as it broke below VWAP. And so, I lost $8,100 on ICCM there at 8:15. And it ends up rolling over and knifing all the way down here. Then it kind of bounces back up. But this thing was just a disaster. It was really bad. And the reason I traded it was because to me it looked kind of like NXTS from yesterday. The reason I thought that was because NXTS yesterday, if you recall, had this daily resistance at around 9:45. Then it had the next level at 12. And then room to the 200. So, when ICCM first hit the scanner on the 5-minute chart, I was like, well, you know, we've actually got a couple similar levels. We've got 850 right here. And then we've got room to 960. And so, I thought if we get into that window, so I got in early to anticipate that. And well, I was wrong. So, I took the loss on it. And that could have been the end of my day. An $8,000 red day, which is, you know, tolerable. Disappointing, but tolerable. But that was not the end of my day. FCUV was the end of my day. So, what happened on FCUV? Well, this stock pops up. It's got a very low float. And it suddenly squeezes into a halt. This was down here earlier this morning at about 393. It halts up. It then resumes and dips. And I buy the dip right here. Right here I do a dip. It pops up to 450, 460. I sell it. I made $2,000 on the first trade. I was like, all right, you know, I can work with that. 2,000 bucks, it's a little bit of a cushion. Uh, it then dips down here, goes red, then it comes back up, and I get back in right here, and I make another 2,000. Now I'm up 4,000 on it. I make another thousand right here. I'm now up 5,000 on it. So, I'm like, nice. All right. Well, I'm still down on the day, but only three grand. Uh, then uh, it ends up dipping down again, coming back up right here, and I add back to it right here, thinking that we're going to squeeze through 550. And we didn't. We dropped back down here, and I stopped out. So, I gave back a couple thousand there, but I was like, that's not too bad. It's not the end of the world. Then it comes back up a second time, and I got back in here thinking this time it's going to go. It did not go. It rejected again. And on that one, I took bigger size, and I flipped from green on it to red, and I lost minus 7,000. So, now I'm down on the day 15 grand. And you'll see my P&L in a minute. I'm I'm holding you in suspense. And then, this thing curls back up. I'm down 15 grand, and I'm like, here we go. It's game time. But, I don't trust the break because I just lost on it two other times. So, I don't take this break. It goes to 550, and I'm like, should I get in right here at 550 for the squeeze to six? And I don't. I I have my hand on the buy and I was like, gosh, I just don't know. I don't know if I can trust it. It goes up to high of 750. It pulls back, and right here, I bought this candle to make a new high, and now I'm looking for the curl through 750. And I'll show you what happened next. It just ends up rolling over. And so, I am red $28,000 on F C U V. Down 36,000 on the day, which is a disappointing red day. Uh I suppose to say the least. Um I got, you know, I I I got on the wrong side today of a couple and um and I just couldn't I couldn't I just couldn't get back into the green. Um and in hindsight, I feel like I should have walked away sooner, uh given up sooner. I got a little stubborn. I kept going back to the well. And this stock just it's amazing cuz it went up 200% and I just kept losing on it. I mean, yes, I did have some wins early on. Uh and then after that, I just kept losing. So, this is where I sit right now in the last um well, I guess this is the last 30 days, last 60 days here. Um up about $800,000 in the last 60 days. Last 30 days is about 631,000. So, I gave back about 5% today. All right, 10% would be 63,000. So, I gave back about 5% of my gains from the last 30 days. Uh just this morning. Um this will be a bigger red day here cuz it's going to dip down to about here, minus 36,000. Um it's just it's Look, it's frustrating. Um we've had some decent action, you know, even yesterday there were some great action action on NXTS after the bell. And this is the funny thing. I don't trade after the bell unless I'm red. That's like so typical for me. If I'm having a good day, I just call it. I'm like, it's a good day, don't want to give back profit, be grateful, you're good. But if it's a red day, then I I'm like, ah I've been struggling more in the last couple weeks to walk away. I think it was easier to walk away when the market was colder because you didn't sit down the next morning and see five stocks that went up 300% after you left. But in this market, that seems to be happening. And in fact, today, if I had walked away, this is the irony, if If walked away, I would have sat down in the morning tomorrow and said, "Gosh darn it, FCUV. Can't believe it. Ends up going up 200%. I would have made back all my loss on it, right? Because hindsight, you always give yourself the bias that you would have done everything right." But I sat here and traded it. And as it went up 200%, I managed to lose on the way up. I didn't I got faked out on it a couple times, then it rips, and then I hesitate, and then I get in later thinking it's going to extend higher like NXT-I did yesterday, and it doesn't. So, I'm sitting in the red on the week, um down I guess about 20 grand, cuz I was up I think 15,000 it was yesterday. So, you know, now I'm red on the week. It's Tuesday. It's early in the week, so all right. Uh but all of a sudden the perspective changes a little bit from this being a week, uh you know, some maybe really nice gains to just um kind of getting back to flat. Um was red last Tuesday as well. Uh probably just a coincidence. Um not sure there's any theme there with Tuesdays, but uh Yeah, I I I I'm disappointed. I wish I had just walked away down 8,000, given up, and said, "Uh I'll try again tomorrow." Which is what I was planning to do. Uh and then I did my recap for the small account challenge, and then I finished that, and I see FCUV starting to pull away, and I'm thinking, "Well, jeez, that looks pretty good, and you know, yeah, it'd be nice to soften the loss a little bit, cut half of it down, whatever." And uh I did. And then I got back in, and then in an instant was down, you know, whatever it was. It's just Well, it happened very quickly. And then that's the name That's just the way it is, you know, that's that's trading for you. So, easy come, easy go. Um I Yeah, you know, it's uh it's it's a interesting the way that kind of ends up being the case. Now, I feel like, um, I'm looking at my gains here, and for some reason I feel like I was up more, um, on the month, but I don't know, maybe, um, maybe I I wonder if there's a day here I have my filter on. Let's just, uh, I'll just take that filter off. I usually am pretty good about, um, tracking my trades with that filter, uh, but let's just double-check that. Yeah, there must have been a day that I didn't have that filter on for my IRA. So, these trades I imported without that filter, cuz I was going to say I I thought it was a better month than that. All right, well, that Hey, that added an extra $140,000. Um, when you import your trades, what you want to do, if you want to stay organized, is you add a tag. And so, if you add a tag, um, like I add a tag for trades in my IRA account, um, then you can go back and you can sort all those trades. So, now I got to go add the tag after the fact, but in any case, um, it's a good idea to do that, and you can you can add other tags when you're sorting through trades, like biggest winner, biggest loser, etc., etc. But, uh, so, in any case, um, the month is, um, I guess that actually also changes, come to think of it, um, my last 30 days. So, yeah, 700 and So, in any case, it's I guess it's still around 5%, cuz I was kind of rounding that, but yeah, it doesn't matter. It is what it is. So, this is where I sit right now, um, a little bit discouraged, a little bit frustrated, um, and just kind of not how I wanted to finish the day. This isn't the recap I was hoping to do, you know, but it was just I you know, I mean, I have no one to blame but myself. Yesterday's uh trades I didn't import yet, but, um, yeah, I'll be minus 36,000 here today. And then I've got three more days to try to clean up the week and look, you know, we get one one or two good stocks, I can, you know, have a great day and yeah, look, uh today's not such a deep hole that I can't make it back in one good day, which is important. But it just feels frustrating to take unnecessary, avoidable losses. It's like an unforced error. It's just stupid is what it is. And you know that even while you're doing it, like I this is dumb. Um, and you know, I and I even I remember as this started to right in this area, I kind of had my hand over the buy button for 8,000 shares and I was like, maybe I'll just, you know, punch this thing and you know, and then I was like, nah, don't make a bad day worse, you know, this thing's already been so choppy. I didn't think it was going to halt up. Then it halts up and then I was like, well, now it's really moving and now it starts to look more similar to NXTS from yesterday, which halted up a couple times in a row and you got that move, you know, so then I started thinking, yeah, we might get a move on this up to, you know, 10, 12. So if I could get a starter and give it some room, maybe I could even with smaller size get, you know, two or three dollars a share. No, that was wrong. Wrong, wrong. Wrong. So you know, and now you've got CRMT popping up. So I this will be one of those days where I'll I'll look back and I'll see stocks that went up including FCUV and I'll think, oh, I should have traded that and would have made money on it, but in reality, um, these charts can be a bit of an illusion where it looks simple, but in reality, when you're trading it, the hidden sellers and, you know, whatever it is, the halt levels and both of the halts on this were 10 minutes, which were kind of unnecessary. That by itself was a little suspicious to me because and I I I said that to myself at the time, Like, what are they doing? That they're making the halts longer. This is weird. But I pushed through anyways because it was sort of the best opportunity to recoup some loss. So, you know, this is the this is the emotional uh battle here in trading. You know, you've got your strategy, you've got your set of rules, and then you deviate from them for one reason or another, which you justify at the time because, you know, you're having a bad day and you think, well, if I could just recover this. And after all, yesterday we did have a stock that went up, you know, 350% and most of that move was after the open. So, surely today I could, you know, dip my toe in the water. And you you justify it, and then you lose, and then you think, all right, well, that's ridiculous. Okay, so I'm going to remember, I'll never, for the rest of my life, take, you know, whatever, whatever. And then, you know, months go by and the market shifts and you figure, well, maybe I I'm missing a lot of opportunities walking away so soon. And maybe I should dip my toe in the water. And maybe it works a couple times. And then then it doesn't. And then you're left, you know, holding the bag. So, anyways, I'm not still holding the bag. I cut the loss, but um ripped the band-aid off. And uh it is what it is. So, I'm taking the loss. It's a red day recap. And I hope we get some better action tomorrow, um you know, during the window and on the price stock that I typically do the best on. But we may not, you know, I may have to be in the trenches here for, you know, a few days before we get a good opportunity. Uh but no doubt, this will be water under the bridge, whether it's a day from now or a week from now. I There's a great chance I won't remember the stock I traded on this day a month from today. I know I had a red day. Uh I mean, honestly, I don't even remember the stock I traded last Tuesday when I was down 17,000. I I don't remember what ticker that was. I've already forgotten it. You know, I made back the loss and move forward. Well, I guess I made it back and then I kind of dug the hole again here today, but nonetheless, um I did make back the loss and um and was, you know, just sort of back to um you know, whatever, just forgot about it. So, easy come, easy go. It's important to be able to detach yourself from the losses. You don't want to just hold on to these forever. You just you you move on. But, you want you want to try, if you can, to learn some lessons from these losses. And I think if you're making generally some progress, um you know, then you're obviously learning something, um then I think you're doing things the right way. So, with that, um I will remind you guys, as always, that trading is risky and my results aren't typical. So, manage your risk, take it slow, and let's see you guys back here bright and early tomorrow morning. Tomorrow is a new day.