How I Made $6,015,962.33 In 6 Months Day Trading Penny Stocks — Transcript

Full transcript

1. 0:01hey what's going on guys jack kellogg
2. 0:03here and today i'm going to go over
3. 0:05something very special i'm going to
4. 0:07share with you how i made over 6 million
5. 0:09dollars in the first six months of 2021
6. 0:13trading meme stocks
7. 0:14and otc penny stocks
8. 0:17this year was absolutely out of this
9. 0:19world with trading opportunities if you
10. 0:22have been following the overall stock
11. 0:24market has just been on a roar since the
12. 0:27covid crash back in march and april of
13. 0:302020
14. 0:32i started day trading in 2017 and 2018
15. 0:38and it wasn't all six million dollars in
16. 0:41six months right away i've been through
17. 0:43a lot to get where i am and if you're
18. 0:46not familiar with my journey please
19. 0:48please go back and watch some of my
20. 0:50older youtube videos and
21. 0:52see when i was only making
22. 0:5410 20 000 a month and that was in 2020
23. 0:58so there has been a huge jump
24. 1:01since
25. 1:02around november december of 2020. today
26. 1:05is actually september 4th 2021
27. 1:09so it is three months after june 2021
28. 1:14and i'm just making this video because i
29. 1:17absolutely burnt myself to a crisp
30. 1:20the first six months of the year and i
31. 1:22took a lot of time off these past three
32. 1:24months but i'm finally
33. 1:27feeling better
34. 1:28feeling energized feeling passionate
35. 1:30about trading again
36. 1:32because it takes a real toll on you to
37. 1:35go your absolute hardest and leave
38. 1:38nothing on the field nothing in the
39. 1:40market i put every ounce of energy i had
40. 1:43into this game
41. 1:45and as you guys can see from
42. 1:47my p l tab here
43. 1:49there isn't one big trade that made me
44. 1:52my six million dollars i have created a
45. 1:55process over the past four years
46. 1:58doing my due diligence tracking data
47. 2:01experiencing the market
48. 2:03and i have created this process that
49. 2:06allowed me to really scale up when the
50. 2:09liquidity and dollar volume was in the
51. 2:11markets at the beginning of this year
52. 2:14my biggest trade
53. 2:15is just
54. 2:16over a little over a quarter of a
55. 2:18million dollars on tsnp
56. 2:22february of 2021 and i only have one
57. 2:25other trade over 200 000 and that was in
58. 2:28june on amc
59. 2:31so today i'm going to go over
60. 2:33some of my statistics
61. 2:35and then i'm going to get into my three
62. 2:38favorite patterns
63. 2:40that i use to create
64. 2:42the six million in profits
65. 2:45then i'm gonna end with my mindset on
66. 2:48everything
67. 2:49and how i reach this point
68. 2:52so to jump right into it
69. 2:54this is
70. 2:56all of my trades
71. 2:59in the first six months of the year from
72. 3:01largest gain to largest loss
73. 3:05and if you look it's actually under a
74. 3:07thousand trades 927 trades it took me to
75. 3:11make six million dollars
76. 3:16so scroll back up to the top i'll
77. 3:18briefly talk about some of the data on
78. 3:21this sheet
79. 3:23so this is just very basic information
80. 3:26as i said i traded a lot of otc stocks
81. 3:29as you can see here it's mainly otc on
82. 3:32this left column and if you want the
83. 3:34exact number i trade over 80 percent otc
84. 3:38to nasdaq ratio now i still trade about
85. 3:4220 percent on the nasdaq
86. 3:45but it's not really what i'm
87. 3:49considering myself a master in
88. 3:51i consider myself
89. 3:53one of the greatest otc traders
90. 3:56in this era that is public and shares
91. 4:00their stuff openly there is probably a
92. 4:03lot of guys that
93. 4:04don't share anything that are a lot lot
94. 4:06better than me at otc but
95. 4:09i am fully transparent i post all my
96. 4:12trades on profitly if you guys want to
97. 4:15check that out i'll leave the link in
98. 4:16description where i post every single
99. 4:18one of my trades verified
100. 4:20so for all you guys that say i'm fake or
101. 4:23this isn't real this is real
102. 4:26this is a hundred percent real
103. 4:30so these are my tickers that are my best
104. 4:34and as you can see a lot of them are the
105. 4:36same tickers
106. 4:38and actually a little bit
107. 4:40later into the video i will show you
108. 4:41guys the charts and explain the patterns
109. 4:43that i traded on these i have a couple
110. 4:46different brokers i use e-trade and
111. 4:48cobra trading cobra trading for short
112. 4:50selling they're a great broker very good
113. 4:52customer service e-trade is the best
114. 4:55broker for otc lungs in my honest
115. 4:57opinion if you're a us citizen that is
116. 5:00what i use i'm not being paid anything
117. 5:02to say that that is just personally what
118. 5:04i have found to be the best suited for
119. 5:06me
120. 5:06i go long and short
121. 5:08i am not a biased trader at all i like
122. 5:11going both sides i've actually made
123. 5:14a little bit more money on the long side
124. 5:17than the short side in my career
125. 5:20these are
126. 5:22the trades that i made if you guys want
127. 5:23to pause the video you can go look
128. 5:25through all my trades here with my
129. 5:27entries and exits my p l and then this
130. 5:30is just tracking
131. 5:32um data to get these statistics over
132. 5:36here
133. 5:37so this
134. 5:39i want to explain really quick this is
135. 5:40my risk to reward ratio so if my average
136. 5:44loss is 4 500 on the year
137. 5:47this trade is 57 times that number
138. 5:51so my best trade i made 57 times my
139. 5:54average loss
140. 5:57and my average profit is about 12 000
141. 6:01so
142. 6:02my risk to reward ratio isn't
143. 6:05amazing it's really good i'm i make over
144. 6:08double what i lose
145. 6:10and it's actually a 2.62 if you're
146. 6:12looking for the exact number but it's
147. 6:14not like i'm making 5 or 10 times
148. 6:17what i risk on an average trade like a
149. 6:20lot of people swear by you should make
150. 6:223x what you're risking and that's what i
151. 6:25try to keep my stats
152. 6:27around
153. 6:30so getting into these statistics now
154. 6:32my average position size is much bigger
155. 6:36than my average losing position size and
156. 6:38that is key
157. 6:39you cannot be sizing into a loser
158. 6:42and
159. 6:43hoping that you're gonna get out of it
160. 6:46for a win i will only size into my
161. 6:49winners because that's what i have the
162. 6:51right read on and i was actually
163. 6:53discussing this with a few friends
164. 6:54earlier today and we were talking about
165. 6:57how it's so key to
166. 6:59go full size on your winners and not try
167. 7:01to add and add to your losers actually
168. 7:04my number one rule is to cut my losses
169. 7:07quickly and intelligently
170. 7:09so my average losing position size is
171. 7:12actually
172. 7:14only um 200
173. 7:17000 is my average dollar that i put into
174. 7:20the stock when i lose and when i win i
175. 7:22have on average over a million dollars
176. 7:24in
177. 7:25the stock
178. 7:26now
179. 7:27give or take i take a lot of day trades
180. 7:30during the day so it adds up
181. 7:33because these are my trades on the stock
182. 7:36combined so if i take you know multiple
183. 7:38hundred thousand dollar stabs during the
184. 7:40day i take it ten times it's going to be
185. 7:42a million dollars but it just shows you
186. 7:45if i'm losing on the day i'm going to
187. 7:46stop trading that ticker very quickly
188. 7:48but if i'm winning on the day i'm going
189. 7:50to keep trading it because it's 500
190. 7:52times i use 500 times more size on my
191. 7:55winners so that's what's key to take
192. 7:56from that like i said i trade otc 80 of
193. 8:00the time
194. 8:01and
195. 8:02my nasdaq and uh listed it's not bad if
196. 8:06you see my profit factor is actually a
197. 8:0916 and my win percent is 74 on nasdaq so
198. 8:13it is much better than my otc statistics
199. 8:16but that's only because i'm so
200. 8:18particular with which nasdaq's i'm going
201. 8:20to trade because i know how dangerous
202. 8:22nasdaq can be i could wipe out all of my
203. 8:25gains on nasdaq and i could in otc too
204. 8:28but it's a lot harder in otc because
205. 8:30there's not that much liquidity to go
206. 8:33all in for me but you could go all in on
207. 8:36nasdaq and you could wipe out all your
208. 8:38gains so i'm very particular because i
209. 8:40don't want to fall into these big wins
210. 8:42and big losses that a lot of nasdaq
211. 8:45traders and listed traders like to make
212. 8:47i like to stick with otc
213. 8:49i have made
214. 8:50over double the amount
215. 8:53from in otc from nasdaq and my win
216. 8:56percent is about 67.
217. 8:58so my win percent is about five or six
218. 9:01percent lower and my profit factor
219. 9:03is a lot less it's only a four and this
220. 9:06is a 16 so my nasdaq factor is four
221. 9:09times as bigger
222. 9:11and it's just something to note it's
223. 9:12because i do have a few really large
224. 9:14losses in otc
225. 9:17but
226. 9:18in nasdaq i'm
227. 9:20not trading it as much if i did trade
228. 9:23nasdaq as much i think i would have a
229. 9:25lot larger losses
230. 9:28and moving into my long verse short like
231. 9:30i was telling you i am
232. 9:32i made most my money this first half of
233. 9:34the year trading
234. 9:36on the long side double
235. 9:38like than the short side my win percent
236. 9:40is actually only a 66 so i went about
237. 9:43two thirds of my trade and on the short
238. 9:45side i went about three fourths of my
239. 9:47trades on the short side and i know a
240. 9:49lot of you guys are like why are your
241. 9:51numbers smaller if they're better on
242. 9:54the opposite like i trade otcs and i go
243. 9:57long and my numbers like are smaller
244. 9:59than my shorts and my nasdaq trades but
245. 10:02like i said that's just because i'm so
246. 10:03particular in what i'm going to trade
247. 10:05and if i'm going to take a bad trade
248. 10:06it's probably going to be an otc and
249. 10:08it's probably going to be long
250. 10:10so overall win percent 68
251. 10:1368 and my overall p l
252. 10:15over 6 million dollars i'm that means
253. 10:17i'm averaging one million dollars per
254. 10:20month the first six months of the year
255. 10:22and i'm averaging 250 000 per week and
256. 10:25if you do that math that's 50 000 per
257. 10:28day
258. 10:29now
259. 10:30let that sink in i averaged 50 000 per
260. 10:33day for six months straight
261. 10:35trading otc penny stocks and nasdaq
262. 10:38stocks
263. 10:39it just absolutely blows my mind that
264. 10:41you can make this amount of money
265. 10:44in this
266. 10:45untapped niche in my opinion there is
267. 10:47not many people doing this nobody that i
268. 10:49know from my personal life
269. 10:52ever even thought about day trading they
270. 10:54just go to college they get a normal job
271. 10:56guess what i'm making salaries every
272. 10:59other day and i'm making a decent salary
273. 11:02every day
274. 11:04it's just absolutely crazy to me
275. 11:06so now to get into
276. 11:08some of my trades and some of my
277. 11:10patterns
278. 11:11so i'm going to go over
279. 11:13my three
280. 11:14favorite patterns guys are you guys
281. 11:16ready for this here they are
282. 11:18so there's three patterns and i'm gonna
283. 11:20briefly describe to you
284. 11:22what i look for in the mindset of the
285. 11:24trade so the first trade that i'm
286. 11:26looking for is the swing trade and there
287. 11:28are a few things that
288. 11:31fundamentally drive these trades where
289. 11:33it's not all about the chart pattern
290. 11:35whereas these two these two patterns are
291. 11:38more about the chart pattern so with the
292. 11:40swing trade i'm looking for a hot sector
293. 11:42right there's been a lot of hot sectors
294. 11:44this past year with coronavirus stocks
295. 11:47with electric vehicle stocks with
296. 11:50cannabis stocks with crypto stocks
297. 11:53so
298. 11:54what i'm looking for are these penny
299. 11:56stocks ideally the lowest price possible
300. 11:59like i love trading i love swing trading
301. 12:02stocks that are underneath a penny
302. 12:04because the upside potential is huge
303. 12:06compared to the risk
304. 12:08and you're able to make you know a few
305. 12:10hundred to a thousand percent and i've
306. 12:13personally made
307. 12:14five uh one thousand percent a few times
308. 12:17and i made a lot of 500 600 700 trades
309. 12:21with this strategy so pay attention
310. 12:23because this is actually one of my
311. 12:25favorite strategies to trade when it's
312. 12:27working because it's so much fun when
313. 12:29you make 10x your money on a trade
314. 12:33so now to get into the technical
315. 12:35standpoint i'm looking for that hot
316. 12:36sector and i'm looking for some sort of
317. 12:39catalyst driven move for the first
318. 12:41initial pop
319. 12:42so the stock goes up
320. 12:44and then i'm keeping it on watch
321. 12:47for it to create some sort of base down
322. 12:49here
323. 12:50with sustained volume and if it does
324. 12:53create this base
325. 12:54then i'm looking for a big move upwards
326. 12:58because
327. 12:59you know people remember this and it's
328. 13:01holding very well so it usually creates
329. 13:03another run so if i'm able to buy in
330. 13:05here on the dips into the support level
331. 13:08and risk
332. 13:10you know down here
333. 13:12i'm able to create this massive risk to
334. 13:15reward situation where i'm getting in
335. 13:17here i'm risking the support level and
336. 13:19my upside is unlimited and especially
337. 13:21with these low price stocks they love to
338. 13:23run multiple hundreds of percent like i
339. 13:25was saying
340. 13:27and now getting into
341. 13:29the breakout trades so the breakout
342. 13:31trades are a little bit different
343. 13:32they're kind of like the swing trade
344. 13:35but with the breakout trades i'm looking
345. 13:37for
346. 13:38a stock that is probably more expensive
347. 13:41where it's between like a penny to 10
348. 13:43cents to a dollar even multiple dollars
349. 13:45a share
350. 13:46i would
351. 13:47take this pattern with a swing trade i'm
352. 13:49looking primarily specifically for
353. 13:51stocks underneath the penny so the
354. 13:53breakout i'm looking for when it breaks
355. 13:56over these highs
356. 13:57i'm looking for taking a smaller piece
357. 14:00of the move
358. 14:02so i'm looking to buy somewhere in here
359. 14:04and risk this support level instead of
360. 14:05trying to anticipate it so that's the
361. 14:07key difference between these two
362. 14:09strategies is i'm buying the breakout
363. 14:11and i'm taking a
364. 14:13more conservative trade rather than
365. 14:16trying to you know hit the entire home
366. 14:18run and you you may ask why do i do this
367. 14:21because
368. 14:22i'm not just going to buy every single
369. 14:24stock in the market and some of these
370. 14:26might not be in a hot sector so it's
371. 14:28just not as obvious to me swing trades i
372. 14:30do a lot of research on to figure out
373. 14:32what my favorite are but i will play any
374. 14:34technical breakout
375. 14:36and try to capitalize on a nice single
376. 14:38or double and the breakouts are actually
377. 14:41my most profitable strategy this year
378. 14:44and that is because there was so many of
379. 14:46them and they were working so well
380. 14:49and then my last strategy is max
381. 14:52euphoria
382. 14:53and this strategy is basically
383. 14:56once they do
384. 14:57make these huge runs
385. 14:59you're like what next do they keep going
386. 15:00up do they keep do they ever pull back
387. 15:02well guess what guys stocks don't go
388. 15:04straight up and they don't go straight
389. 15:05down so they are gonna pull back at some
390. 15:08point
391. 15:09and once it reaches the top up here then
392. 15:12i'm looking to short sell and if you
393. 15:14don't know what short sell is pause the
394. 15:16video right now and google what is short
395. 15:18selling
396. 15:19so i'm gonna short the stock up here and
397. 15:21buy to cover
398. 15:23on this massive crash
399. 15:25and this is a great opportunity because
400. 15:28it's a very high odds win percent
401. 15:30because stocks aren't going to go
402. 15:32straight up
403. 15:33but once they do go straight up there's
404. 15:35going to be a pullback and this is the
405. 15:37pullback i'm looking to capitalize on
406. 15:39and then once it does crash there's
407. 15:42usually a big inefficiency because so
408. 15:44many people are selling so then you get
409. 15:45a nice bounce upward
410. 15:48and then you're able to trade this
411. 15:50this uh bouncy bouncy ball type momentum
412. 15:55and this is the strategy that i traded
413. 15:58to make six million dollars in six
414. 15:59months
415. 16:00all it was was just trading these human
416. 16:03emotions patterns that repeat over and
417. 16:06over again
418. 16:08so i had to pull this chart up for you
419. 16:10guys
420. 16:10this is actually the exact pattern that
421. 16:14i trade right where i'm looking for the
422. 16:17swing trade somewhere in this sideways
423. 16:19action where the smart money and
424. 16:20institutional money is getting in
425. 16:23but i'm doing it on a smaller scale in
426. 16:24these penny stocks and then here is the
427. 16:27breakout when it's
428. 16:29you know in the mania phase and you have
429. 16:31to look for a quicker trade since you're
430. 16:34technically not buying it at the very
431. 16:36bottom so it's harder to hold if it does
432. 16:38turn you're not really sure when the top
433. 16:40is going to be in but once it does top
434. 16:42this is what i'm saying when it has that
435. 16:44big pullback and the bounce and then
436. 16:46keeps on collapsing and as you can see
437. 16:48if you want to pause the screen right
438. 16:50here and read off all the emotions and
439. 16:52then you'll understand
440. 16:55you know why this happens over and over
441. 16:57and over again and these patterns have
442. 16:59been happening for
443. 17:00multiple decades ever since humans have
444. 17:02been trading because you know we all are
445. 17:05all very emotional when you think about
446. 17:06it we all have the same emotions we all
447. 17:08want to make money we all want to get in
448. 17:10on the next
449. 17:11on the next stock and
450. 17:13you know
451. 17:14this is just a supply and demand type
452. 17:16games so once you know the demand isn't
453. 17:19there anymore and it's so expensive and
454. 17:21the valuation is so high
455. 17:24it's going to crash and then everybody
456. 17:25that you know has been buying it is
457. 17:27going to sell and that's what creates
458. 17:29that movement to the downside
459. 17:32so those are my favorite three patterns
460. 17:34that i used to
461. 17:37make all of my money
462. 17:40and it's the process that i've been
463. 17:42talking about what i've been doing for
464. 17:45you know three or four years
465. 17:46so now to get into some of my trades
466. 17:49i'm gonna talk about these on a chart of
467. 17:52an actual chart of these stocks but i'm
468. 17:54just gonna briefly describe it tsnp was
469. 17:57a breakout trade for
470. 17:58me amc was max euphoria
471. 18:02and these trades i got two chances at
472. 18:05the max euphoria pattern with amc
473. 18:08ozc was a panic dip by
474. 18:12amc was this was a breakout on amc amc
475. 18:16was actually my best ticker i've made
476. 18:17over a million dollars on amc
477. 18:21amc this was another max euphoria
478. 18:23pattern so i did really really well on
479. 18:25it
480. 18:26and this stretch i actually made a
481. 18:27million in four days on amc hiph and
482. 18:31bbrw were two swing trades i put around
483. 18:34ten thousand dollars fifteen thousand
484. 18:36dollars into these stocks and i was able
485. 18:38to make 10x that and i will show you
486. 18:40guys
487. 18:41exactly what the chart looks like
488. 18:45window
489. 18:46created the max euphoria pattern
490. 18:48like three times and i'll show you how i
491. 18:50was able to capitalize on it each time
492. 18:53and
493. 18:54ocsc this was a breakout
494. 18:57great trade
495. 18:59bant was a swing trade
496. 19:01and tg gi was a swing trade as well
497. 19:05and as you can see these you see i'm
498. 19:07playing multiple fractions of a penny
499. 19:11three zeros before the first number
500. 19:14and those were the patterns that i
501. 19:16traded and now i'm actually going to go
502. 19:18as far and i'm going to show you the
503. 19:19exact numbers
504. 19:21so if i go into pattern performance as
505. 19:23you can see the otc breakout i made 1.2
506. 19:26million dollars on
507. 19:28and the dip buy i've made 725 000 on the
508. 19:32swing trade 940 000 and then all of
509. 19:35these right here this is just different
510. 19:38names but this is for the max euphoria
511. 19:40pattern
512. 19:41i've made a lot of money on it in otc
513. 19:44and in nasdaq over a million dollars
514. 19:47and the
515. 19:49breakout on the listed side you know
516. 19:51another 200k and then the dip by 300k so
517. 19:56those are my main strategies
518. 19:58and
519. 19:59now i'm going to go into the charts guys
520. 20:02i'm going to show you exactly
521. 20:04what the charts were
522. 20:06so here is amc
523. 20:08and all these charts look very similar
524. 20:10as you can see they all spike up big and
525. 20:12then they all pull back like i was
526. 20:14showing you with
527. 20:15you know these patterns now look at this
528. 20:17and look at these charts guys right
529. 20:20so
530. 20:21this is the max euphoria pattern
531. 20:24where it did have a breakout and i did
532. 20:25capitalize on this breakout
533. 20:29over 20 and over 37 but as you can see
534. 20:33this stock spikes straight up for
535. 20:35multiple days and then i'm looking for
536. 20:37that pullback day and i nailed it this
537. 20:38day and usually it will keep fading off
538. 20:41right
539. 20:42but this stock held and had a
540. 20:44massive move to the upside doubling
541. 20:46again and then it eventually hit the top
542. 20:49and it dwindled off after creating
543. 20:51multiple higher lows
544. 20:54and gme as well
545. 20:55did the same exact thing this stock was
546. 20:58absolutely wild as you can see the
547. 21:00volatility was just unreal from 20 bucks
548. 21:02all the way up to 500 and just a week or
549. 21:05two and it created this day with massive
550. 21:08range hitting a low of 110
551. 21:11from 500 so it moved
552. 21:13quite literally
553. 21:15like 500 points that day like up and
554. 21:17down it was just absolutely wild i wish
555. 21:20i personally went bigger that day but i
556. 21:22was a little timid because i just didn't
557. 21:25understand what was happening that day
558. 21:28so these are just absolutely max
559. 21:30euphoria wall street bats thank you so
560. 21:32much for running this up guys like
561. 21:35it was just absolutely unreal to witness
562. 21:38it was so so cool
563. 21:40moving on now to the swing trades so
564. 21:44like i was saying here is the first pop
565. 21:46and this is actually a shroom's play and
566. 21:48shrooms got really really hot and as you
567. 21:50can see this you know is significantly
568. 21:52under a penny
569. 21:54and it was creating that base like i was
570. 21:56talking about so i started buying in
571. 21:58here
572. 21:59and it actually just did this massive
573. 22:0110x move and i sold out
574. 22:04from around a penny and a half a little
575. 22:06bit higher
576. 22:07and it was just an absolutely unreal
577. 22:10trade it was so so fun to be a part of
578. 22:13and here's tgi which was really cool
579. 22:16a lot of patience on this one this one
580. 22:18was actually a very small pop right here
581. 22:20and not many people were watching this
582. 22:22but i saw the company was a a weed
583. 22:25company and i saw that they were trying
584. 22:26to go
585. 22:27current um they were trying to become
586. 22:29legit so i bought it down here in around
587. 22:320.006
588. 22:35and when it did pop i only sold very
589. 22:37small because i had a feeling that this
590. 22:38was going higher and i was able to hold
591. 22:40through this dip and sell out the rest
592. 22:42of my shares towards a penny and it
593. 22:44topped perfectly at a penny it was a
594. 22:46great trade
595. 22:47it took a couple months so it took a lot
596. 22:49of patience
597. 22:51moving on to hmbl my biggest trade which
598. 22:54was a breakout
599. 22:56and as you can see it it was tsnp but
600. 22:59they changed their company so now that
601. 23:00ticker symbol is hmbl but this is the
602. 23:02stock chart that i was able to
603. 23:04capitalize so well on and i was so
604. 23:06familiar with it because if you count
605. 23:08one two
606. 23:09[Music]
607. 23:11three breakouts
608. 23:13and i was able to watch it for a month
609. 23:16and when i made my big money i bought
610. 23:18this breakout and i held and i basically
611. 23:21bought it and sold all the way up to the
612. 23:23top and it was a great trade for me over
613. 23:25250 000 in these four days
614. 23:28of buying and selling um this breakout
615. 23:32and it was a great trade ocsc was also a
616. 23:34really good one the stock was trading a
617. 23:37billion shares per day down near a penny
618. 23:40and as you can see one two
619. 23:43three huge breakouts went all the way to
620. 23:4550 cents
621. 23:46and it was just a great trading
622. 23:48opportunity because it was trading so
623. 23:50much volume
624. 23:52and it was a great trade and now getting
625. 23:54into window which is a max euphoria
626. 23:57pattern
627. 23:59and
628. 24:00this stock was known to be really
629. 24:02sketchy so i was very short biased on it
630. 24:04and i actually ended up shorting it this
631. 24:06day at 10 for a really nice gain and it
632. 24:08tanked almost 50 percent within two days
633. 24:11and then it held up and did it again
634. 24:13and i used the same mindset that hey it
635. 24:16had two big red days so i think it's
636. 24:17going to have two big red days again
637. 24:19after going straight up
638. 24:21and it tanked
639. 24:22you know almost another 50
640. 24:25and then it did it one more time and it
641. 24:27tanked again another 50
642. 24:30so it did the same pattern three times
643. 24:32in a row
644. 24:33and on this day i was so sure i had my
645. 24:36first six-figure short on this around
646. 24:38the end of february and that was a
647. 24:40really really good trade a lot of fun
648. 24:43and now this
649. 24:45i had to show you guys i actually didn't
650. 24:47even show you in the excel because i was
651. 24:49so excited talking about all the winners
652. 24:52but
653. 24:53mm-nff was actually my biggest loss ever
654. 24:57and i got absolutely obliterated on it
655. 25:00guys i lost 367
656. 25:03000
657. 25:04or 81 times my average loser and as you
658. 25:08can see my second biggest loss is only
659. 25:1012 times my average loser but this stock
660. 25:14i i was having a great week it was
661. 25:16february 11th
662. 25:18and i i just bought so many shares
663. 25:21because i thought it was gonna bounce
664. 25:23because it was a perfect euphoria
665. 25:25pattern of straight up
666. 25:27and i did short it actually at 1 30 and
667. 25:30i covered it at like 80 or 90 cents and
668. 25:32then i bought it down here into the
669. 25:33support but guess what
670. 25:36this isn't an exact science guys it
671. 25:38doesn't happen every single time
672. 25:42and this stock absolutely crushed my
673. 25:45soul and i ended up taking the loss
674. 25:47somewhere down here in the 50 to 60 area
675. 25:49from around 75 80 entry with way too
676. 25:52much size
677. 25:53and i i absolutely got crushed
678. 25:56and the stock actually never ended up
679. 25:58really bouncing much until they got
680. 26:00bought out by some company and they had
681. 26:02a little spike but not even over the
682. 26:04high so like i wouldn't even had a
683. 26:07chance to hold it and get out for break
684. 26:09even
685. 26:10so
686. 26:11that's why my number one rule is to cut
687. 26:13losses quickly
688. 26:16and not just hold and hope for these to
689. 26:18come back because i'd still be holding
690. 26:20mmn nff to this day praying it would
691. 26:22come back and now getting into mindset
692. 26:25that takes such an emotional toll on you
693. 26:28to just hold and hope
694. 26:30and
695. 26:31your emotions have to be in check you
696. 26:33have to be
697. 26:34winning and making good trades because
698. 26:37if you're in a bad mindset
699. 26:41you're absolutely gonna make very poor
700. 26:44decisions and once i took this big loss
701. 26:47i really took my pedal off the gas
702. 26:50and i sized back down actually this week
703. 26:52when i took that 367 thousand dollar
704. 26:55loss i still ended up being one of my
705. 26:58best weeks ever over a million dollars
706. 27:00on the week
707. 27:02and
708. 27:03after that
709. 27:05i really took my foot off the gas
710. 27:07because i didn't want to think oh i have
711. 27:08to make this money back right now and do
712. 27:10all this i didn't i took it very slow
713. 27:12and i built myself back up i built that
714. 27:14momentum back up something i want to
715. 27:16talk about
716. 27:18for
717. 27:20psychology is
718. 27:21you know trading's a lot of momentum
719. 27:23just like you know basketball if you
720. 27:25guys have watched basketball you know
721. 27:27that
722. 27:28if somebody's hot from you know downtown
723. 27:31they're hitting a lot of threes
724. 27:32like that's when you'd wanna be pushing
725. 27:34like a lot of size on your trades
726. 27:36because you're really hot you're in the
727. 27:37groove you're doing really well but if
728. 27:39you can't even make a layup you're not
729. 27:41gonna try to you know shoot a
730. 27:42three-pointer the next player you're
731. 27:44gonna you're gonna have to build your
732. 27:45momentum up
733. 27:47and that is very very key
734. 27:51now something that i want to go back and
735. 27:53talk about a little bit is
736. 27:56the toll this took on me to
737. 27:59go
738. 28:00and try so so hard at one point i was
739. 28:03swinging over 70 stocks and i was you
740. 28:06know in my day trading account had
741. 28:07another 5 to 10 stocks overnight and i
742. 28:09was day trading 10 stocks
743. 28:12and
744. 28:13i just wasn't you know exercising i
745. 28:15wasn't eating well and that's one regret
746. 28:18that i have because it really
747. 28:21destroyed my
748. 28:22my body and
749. 28:24my mind and it was very very tough
750. 28:27after
751. 28:28the market was over just to relax
752. 28:30because i was so into it and i just felt
753. 28:34so you know piss poor after this i had
754. 28:36to really relax for
755. 28:38three months and really you know detox
756. 28:41from all this because i'd been going
757. 28:43hard all of 2020 as well and all of 2019
758. 28:47and all of 2018 and all of 2017.
759. 28:50and i only started with
760. 28:52you know a few thousand dollars in 2017
761. 28:54and i saved up for my valet job and i
762. 28:56got enough money in 2018 to start with
763. 28:5930k
764. 29:00and from there it was still you know ups
765. 29:02and downs for six seven eight months but
766. 29:05after around 20 months i had my first
767. 29:07very consistent month and then the rest
768. 29:10is history from there and it's just
769. 29:11building myself up
770. 29:13again and again and taking a little bit
771. 29:15more size and really pushing myself you
772. 29:17know to be one of the best i wanted to
773. 29:20you know my goal i've always had is i
774. 29:21want to be really good at something
775. 29:22really hard
776. 29:24because
777. 29:25if i love it i know that i'll be able to
778. 29:27put everything i got into it and that's
779. 29:30what i've done in 2021 these first six
780. 29:33months
781. 29:34and i just blew away like what i thought
782. 29:37was even possible i really haven't
783. 29:39you know seen anybody do this
784. 29:42um publicly
785. 29:44in
786. 29:45the otc land
787. 29:47making this magnitude of money now tim
788. 29:49grittani he's up 13 million he's you
789. 29:51know a god trader but he's been just
790. 29:53really consistent over the years i just
791. 29:55went really really hard for six months
792. 29:58and you know it takes a toll on you so
793. 30:01i really hope you guys like this video
794. 30:03and if you do like it please please
795. 30:06please subscribe and please drop some
796. 30:08likes if this video gets over a thousand
797. 30:10likes you know i'll think about making
798. 30:12another video because i actually enjoyed
799. 30:14doing this i hadn't i haven't made one
800. 30:15about trading in a very long time
801. 30:19maybe we can talk about you know the
802. 30:20last three months and you know rewarding
803. 30:23myself
804. 30:25so i hope to see you guys next time and
805. 30:28if you guys want to follow more and
806. 30:31learn more about me
807. 30:32i'll have some links below to follow me
808. 30:34on instagram and twitter and i hope you
809. 30:36guys have a good rest of your day later