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Trading Monthly Recap: April 2020 $52,100 — Transcript

by Jack Kellogg · 4,480 words · 582 segments · language en · Watch on YouTube

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0:00what's going on traders coming at you
0:02with my April 2020 recap I'm gonna go
0:06ahead and do a month review here on my
0:09mom made about 52,000 and don't let the
0:13the monthly total fool you at the end
0:16because I wasn't too too happy with my
0:20trading this month I mean obviously it
0:22closed out with the last day on a banger
0:23and my last week was really good but
0:26this week and this week were a little
0:30bit questionable and I definitely made a
0:32lot of mistakes I was trading a lot this
0:36month actually made 176 trades which
0:38equals out to a and a half trades per
0:40day so I was definitely over trading and
0:43if you look here my Monday's are just
0:46actually read on my Monday's on the
0:49month so that's something to look out
0:50for next month is I can't just show up
0:54on Mondays and just try to you know go
0:56for goal from half-filled I need to kind
1:00of pass with my teammates I need to warm
1:03up I need a stretch you know what I mean
1:04I can't just go out there and start
1:06throwing sighs around everywhere because
1:08that's what I did on this day I just
1:10started throwing the sighs around at the
1:11open and just got absolutely destroyed
1:13because the positions when I guess for
1:15me for the first like thirty minutes not
1:18trying to nurse my losses so this was
1:20just a complete mess day and you know
1:23this this day is only about two to two
1:28days my gains which is an OK loss to
1:31take I guess but my read these are
1:34usually relatively small and that's how
1:36I like the tray you don't like to have
1:37these big red days I only have risk
1:38about five hundred dollars per play so
1:41to lose fifty five hundred and
1:43specifically five grand on one play is
1:45just pretty unacceptable unacceptable to
1:48me and I did it last month to where I
1:50took sixty seven hundred dollar loss so
1:55definitely something I'm going to be
1:57working on here in may is taking smaller
2:00size on Monday to kind of gear myself up
2:04for the week unless it's a super super
2:07ideal play and I've been ready for but
2:09if I don't have a
2:10plans on the weekend I'm not just gonna
2:12come into Monday start throwing size
2:14everywhere at the open and just get
2:17absolutely destroyed like I did on the
2:1920th and these days too trading a bunch
2:22and ending up breakeven is just not
2:25really worth it I'm happy with the 27th
2:27I made fourteen hundred that day and I
2:30just was trading relatively small I
2:32don't think I trade it to too much so
2:33that was really good so that's gonna be
2:36something I'm going to watch out and for
2:39me is my Monday trading and other than
2:43that I'm really happy I mean look at
2:44these get this boatload of games here
2:47you know about in 1 2 3 4 5 K days and
2:51that had a really really nice day on the
2:53last day of the month where I got short
2:56a decent sized position at you ABS with
2:59a fairly tight stop and I'd already had
3:02a cushion on the stock so I'm gonna get
3:03into that trade I'm gonna get into my
3:06time on mRNA loss and those are the only
3:09two trades I'm going to review this
3:11month since I can't make my videos too
3:12long or YouTube will not cooperate and
3:15upload it like I know Kyle he makes a
3:20lot more detailed of video so go ahead
3:23and check out his video since he's kind
3:25of like my tab nowadays me and Kyle
3:27trade on the phone very often so but me
3:31and him are taking a lot of the same
3:33trade so I would recommend going to
3:36watch his video as well I'm going to
3:37link that in the description for you
3:38guys so my average win was 736 compared
3:44to last month where I was making nearly
3:48double that my average win and my
3:50average loss was about the same so um
3:54definitely over trading like I was
3:56saying as you can see there I'm just
3:59taking too many trades so my average
4:00loss is taking a hit but I don't think
4:04it's a problem if you throw out a feeler
4:07on something and lose 50 bucks make 50
4:10bucks that just kind of what I call
4:14dabbling in and just kind of letting the
4:16trade prove to you that it then deserves
4:19your size and
4:20you can kind of scale in and that's kind
4:23of how I've gone about my trading that's
4:25why my trading has gone up as long as I
4:27can eliminate big losses I'm okay with
4:30taking a lot of trades as long as the
4:33market is there because my kind of
4:35personality is I have a hard time
4:37waiting for that super super ideal play
4:40and I have bigger accounts so I can
4:44afford to kind of dabble into a bunch of
4:48things and kind of see where where I
4:51should be focusing let the stock tell
4:53you where you should be focusing there's
4:55no reason you should ever really fight
4:57anything if something's not working try
4:59to get out first close to break-even as
5:01possible and move on to the next
5:03potential opportunity and that's just
5:05kind of my mindset all the time is I'm
5:08not the best at exiting positions I exit
5:10stuff way too quickly all the time and I
5:13don't stick to my risks I change risks
5:15all the time but that's okay because if
5:18the stock just isn't giving me good
5:20vibes
5:20you know I will emotionally trade it and
5:22I'll stop out and that's fine because I
5:24will keep my losses small and I can move
5:26on to the next idea throughout the day
5:30is I want to be focusing on entries okay
5:33entries are where I want to be focusing
5:34on because if I'm able to nail a play
5:39from my first entry and then use the
5:42profits that I made as a cushion and
5:44then scale because I have a cushion of
5:47profits to use that's kind of how I
5:49trade the best is what I'm green on the
5:51neighbors I tried the best I know it's
5:53probably not you know I'm not a robot
5:54guys when I'm read on ticker I'm gonna
5:56trade emotional that's just fact and I
5:58know it but when I'm green on a ticker
6:00I'm able to read the action a lot more
6:03clear I know how to size in to where I
6:06won't be affected emotionally at certain
6:08levels if it goes against me so it's all
6:11about to me is getting on the first
6:15first entry on a stock I like to be
6:17either really small where it can go
6:20three hundred percent against me know it
6:22will affect me but I'm just saying like
6:25it won't blow me up so it's just
6:27starting in small and ideally it going
6:31in your favor immediately
6:32because that's usually when you'll be
6:35able to scale in and really capitalize
6:38on a big move so to get into actually
6:46before I get to that it's just kind of
6:48crazy
6:48I made my whimpers I was 64 again and
6:52now that is the third month in a row by
6:551% at 64 so I guess that's my number 64
6:58percent in this crazy market is what I
7:00win keeping my shore around 17 log
7:03around 55 probably in the month review
7:06actually how do you look so we'll get
7:07into that so here we go so these are all
7:15my trades sorted from largest winner to
7:19largest
7:19loser trading mine as Dax about 65% of
7:25the time actually one short a little bit
7:29more this month and that doesn't
7:30surprise me because the more I trade the
7:32more I realize that I'm a short seller I
7:34just think it's easier to find
7:35overvalued junk than undervalued gold
7:38it's just too hard for me to know which
7:40stocks gonna be the one to spike up huge
7:42but when these stocks extend themselves
7:44a huge amount and they give you a good
7:49risk for position to get into on the
7:52backside they can pay you massively
7:54because you know that the stocks crap
7:57and you know that the stocks gonna have
7:58a big fade because it's so extended so
8:01that's just why I prefer shorting here
8:05we go my wind percents on NASDAQ 66 OTC
8:0961 Oh actually my lawn 1% was really
8:13good this one 63 my short one percents a
8:16little bit lower than that 70 because
8:18I'm shorting more obviously so I took
8:20less ideal place so that's obviously why
8:22my 1% took a little bit of a hit
8:26overall P a now is that fifty four point
8:28six before fees and that's one other
8:30thing that I wanted to mention is I
8:32definitely paid a little bit more fees
8:34that I had to pay in previous months I
8:36had only been paying about a grand and
8:39borrow fees but this one's around that -
8:42a 3k mark so that's just
8:44we're trading more as long as I'm not
8:46spend the 10% of my gains and borrow
8:49fees if I start spending more than 10%
8:51of my games and borrow fees that's when
8:52I know I have a problem and that's just
8:56unacceptable for me I'm not gonna take
8:59on that much borrow fees like I was
9:04saying 176 trades and then some other
9:08stats here and as you can see like I was
9:10saying you know I took a lot of loss
9:14this month I lost 28,000 in losses
9:18through all my losses which is just a
9:20lot of money like I made a lot but as
9:22you can see here I lost ten thousand
9:27last the previous month and made more
9:30and then this month I lost ten 10k less
9:35as well and made a little bit less and
9:39then this month I lost even less so it
9:41looks like my my loss is going up
9:43substantially here about 10k per month
9:48which is a little bit unacceptable
9:51whereas I wanted to probably be making
9:53around fifty to a hundred thousand in
9:56gross profit and my gross loss needs to
10:00be around ten to twenty thousand so my
10:03promise factor take I took a hit and
10:04it's actually under three this month
10:06which isn't great I just need to be
10:11cutting some of these things a little
10:12bit quicker
10:13I think long crowd factor two point six
10:17short 3.03 and then some other stats
10:21here just making about 12 K long 42,000
10:25short so as you guys can see is I did
10:30make really good money this month
10:32I mean UAV ass was a really good way to
10:34end it but if I didn't have you ABS
10:36there the last day I wouldn't have
10:40really traded that well I mean you take
10:42off 16 grand out of that and my prime
10:45factor really takes a hit so as you can
10:49see just some decent trading and then
10:52come down here and just took a few heads
10:55here on
10:57a bunch of near thousand dollar losses
11:00and that might have RNA loss and then
11:02this loss on dev here other than that
11:07it's going to the pattern performance so
11:12some things I want to note for next
11:14month is my Nasdaq longing I only made
11:171500 so I need to be more selective with
11:21the trades I'm going to take I know
11:22patterns are profitable on going long
11:25and that is really panic dip buys and
11:30not first Green Day's not breakouts I'm
11:34decent at red to green moves or gap ups
11:38after huge sell offs on multi-day
11:40runners I kind of understand and I'm
11:44gonna be taking the OT Swizzle out of my
11:47trading
11:48now I've traded it for four months and
11:51it's netted me a- a thousand of 40
11:54sample size so that's pretty much good
11:56enough for me to throw the towel on that
11:59strategy and really just call it quits I
12:02had a really good month tipped by my
12:05deadlines were on point with decking mmm
12:08HL y I was super satisfied we got a nice
12:12nice level two turns on a bunch of names
12:15this month and I didn't even take too
12:17much size on all of these dip buys but
12:20even see my DUI they want to get up to
12:23three and push to 350 or whatever and
12:26then had to panic to 220 that was a
12:28great day as well so super happy with my
12:32dip buys this month and then my OTC
12:35shorts pretty good took unfortunate loss
12:38there on debt but that's okay as part of
12:40my process part of the risk I take I'm
12:42not really taking that into
12:43consideration too much on my bat trading
12:46strategy and then my mine as neck
12:49treating my Nasdaq shorting pretty good
12:51pretty good
12:53my Nasdaq parabolic only me 800 on 13
12:59trades and I probably put myself at a
13:03pretty big risk on some of these names
13:05shorting because this is all frontside
13:08shorting so I did develop a rule
13:12that's when I was taking a bunch of
13:14losses on frontside parabolic shorting
13:18this week and this week to where I just
13:21this week was really good
13:23my numbers wise but trading wise I was
13:25down big unrealized a bunch of times so
13:28on frontside I use hard stops and I'm
13:32completely okay with it now I'm not
13:34trying I don't care if I get stopped out
13:36into a fake-out because too many times
13:37it will keep going against you it
13:39doesn't give you that dip to get out and
13:41then you have to just trade really
13:44emotionally and really poorly so my
13:49month really you know it wasn't it
13:51wasn't that good compared to the
13:53previous month's I did make a lot of
13:54money like I was staying but you know I
13:57lost a lot guys and I'm not I mean you
14:00know the best trainer out there and I
14:02still have a lot of growing to do so
14:06other than that not too much I was to
14:10talk about there so I'm going to go
14:13ahead and get to the charts mRNA so
14:16basically the day that I lost big on it
14:19was this day right here and I kind of
14:21compare it to when I took my big loss on
14:24Turtle Beach for any of you guys that
14:27know where it's the same kind of thing
14:29where it had this really ugly doji
14:33candle here and then the next day just
14:34absolutely just ripped everybody's face
14:36off and that was kind of a loss that I
14:40took there so let's go back to mRNA
14:46so when these things gap up and when
14:49they gap up substantially and they kind
14:52of hold you can't be thinking that the
14:55backside is very likely because the
14:57better these things if these things can
14:59gap up and actually kind of hold their
15:01spikes as you can see this thing was
15:04bought up pretty massively into the
15:06closed and just the gap down gave you
15:08way too much conviction and when it's
15:10this kind of candle it's too easy for me
15:12to change risk I mean at first I was
15:14risking green Narad and then I was
15:16risking the 40
15:17and then I was risking 49 and that was I
15:20got you know I'll risk the 50 whole
15:22number mark so just moving my risk up
15:25because I didn't want to take the loss
15:26because it wasn't a straight-up spike
15:27and unfortunately this thing just
15:29basically straight up spike from 44 to
15:32you know fifty four in the first couple
15:35hours and I just absolutely got blown
15:36out so let's get into the intraday here
15:40so you guys can see exactly what I'm
15:42talking about I don't need a 30 day I
15:45think 15 would be good so let's get into
15:51this yeah so this thing just absolutely
15:57just ripped right out of the gate on me
15:59I started shorting in premarket and
16:03green the red was somewhere around right
16:04here
16:05so I started shorting yeah 45 and then I
16:08was adding some a 47 then I was adding
16:11some here when it looked like kind of it
16:13was cracking and then I just had stopped
16:15out right here you know I had to stop
16:16out because this was just the ultimate
16:18stop and all I could remember was
16:20turtlebeach after this thing had gotten
16:22to 50 so unfortunately I didn't really
16:26know how much I was gonna risk when I
16:27got into the trade and I'm just kind of
16:29dabbling you know the Monday I start
16:31just throwing slides right out of the
16:32open and look what happened it just went
16:34straight up against me and I wasn't
16:36quick enough to react and take off that
16:38small started for a loss around green to
16:40red and obviously the next day just
16:45absolutely dumped on me so the next day
16:49I was a little too timid to really take
16:51too much size on it but I did get a
16:53piece of it here and here and I made
16:55about two grand back there I think I
16:57made about three grand and then I
16:59shorted the balance that I had lost some
17:01because it was holding too well so I'm
17:03just pretty much done with this stock
17:04and another thing I want to take into
17:06consideration is trading these expensive
17:09stocks because sometimes they might just
17:11not trade like you know a penny stock
17:15that I'm used to yeah I had a perfect
17:17perfect breakout at 35 so I thought that
17:19the first read day on the gap down would
17:21work perfectly too especially that
17:23massive overhead resistance that we had
17:24but it just ripped right through it and
17:28unfortunately I got caught well I
17:30learned a great lesson
17:31and I feel like my trading since this
17:34has been a lot better and not to get
17:38into you ABS when I talk about it here
17:41is just oh my God look at that candle so
17:43so amazing guys this was just a big-time
17:46scam talking about the drones and stuff
17:50where we it had a beautiful break out
17:53and then I kind of shorted it into the
17:57conference call so let's kind of talk
17:58about this so this day I didn't trade it
18:02too much I actually took a couple scalp
18:05shorts here that I caught some nice
18:07lower high action I shorted it around
18:10here after this hard crack and I covered
18:12into this dip and then I shorted it
18:15again into the close here and covered
18:17into this dip so I had already kind of
18:20had a decent feel in level two in the
18:21tape and fortunately I stayed away from
18:26this pre market because you know I was
18:29up at 7 a.m. so I kind of get up early
18:33for free market and you know why am I
18:36going to show you here all pre market I
18:38had a chance to short around here so I
18:41stayed away from this insane squeeze and
18:44then at the open is when I started
18:46dabbling a little bit and I actually
18:49ended up taking some short f5 which was
18:51the majority of my first profit on it
18:54and I covered into let me just pull up a
18:58chart here guys
19:03yeah like I was saying I dabbled a
19:05little bit here but nothing too much I
19:07was up by a couple hundred bucks on it
19:08and they took a nice short at five
19:10thousand shares and covered at 425 so
19:13got myself a nice cushion on it I was up
19:16almost around a thousand on the name and
19:19then going into the conference call I
19:21kind of knew that it had potential for a
19:24big sell-off because now the stocks up
19:26from one to five and basically six hours
19:30of trading so going up about 100% every
19:33hour which is just insane on average and
19:37I started building into a short position
19:39after I saw this after I saw this lower
19:42high found another
19:43wash and then once we started confirming
19:47to the view op has the top let me just
19:50throw you up on here because I think
19:52that would make it a lot easier for you
19:54guys to see so we're gonna go to studies
19:57type in the view op okay so like I was
20:05saying after this pop failed here this
20:08is when I started building inshore just
20:10kind of dabbling a little bit of
20:11dabbling along the way because I knew
20:13the conference call was at 11:00 and I
20:14wanted to push myself to take a big
20:16position on this one because I had a
20:18good read on the stock and I was pretty
20:20confident that it was going to be a
20:22Selden news kind of scenario because the
20:24price action was confirming to me that
20:27it was weak and I shorted a conference
20:31call on CY dy a couple days ago and I
20:35got squeezed out so I was already gonna
20:37be trading this super scared so a lot of
20:39people asked me kind of what was my risk
20:40when I was scaling into this and my risk
20:42was around this four dollar level if it
20:46started holding over V WAP or if it
20:48started squeezing up if his squeeze
20:49right through 4:30 I would have had a
20:51failed because that's kind of my gtfo
20:56level in distraint I wouldn't really
20:59care but I would kind of see how it
21:01tested for bucks my average was around
21:064:10 so I had annotate stock guys I had
21:11a tight stop and I had a cushion on
21:13stock so that's what gave me the ability
21:14to take sides and that's like what I was
21:18talking about in the beginning is you
21:20you know let the stock prove to you that
21:22it deserves the size and I wasn't really
21:25planning on slamming this one inside but
21:27just that it got more and more ideal I
21:30kept low cane chairs and I slowly had
21:33built in I think somewhere around here I
21:35had that two or three thousand and then
21:37once this kind of sell-off started
21:40happening I was adding something I had
21:42about four thousand here and then it
21:45came up and I kind of saw this downtrend
21:48breaking and this is one
21:49Veritas started so I scaled down into
21:51this dip here but then once it failed
21:53and the pops were failing then I scale
21:55full size 7 K shares right into this and
21:58that gave me a 390 average and I was
22:01gonna risk this high here so even if I
22:05stopped out I still would have been
22:06green on the ticker and that's what's
22:08key to me and then very fortunately we
22:12got this amazing dump and you know I
22:14gave a nice little fist pump and I was
22:16covering something I covered some into
22:19these the stump here just because I
22:21don't know how this is gonna react when
22:24a stock washes out this quickly you need
22:26to pay yourself and I paid myself I
22:30covered 1,500 shares into this wash and
22:33you know I can always add that back into
22:36a bounce so I love paying myself and
22:38then I love adding back into a balance
22:40once it's proven to me that the bounce
22:43is failing and and then fortunately it
22:46got halted to the downside and
22:49volatility and then I guess they
22:51couldn't find any bidders to take all
22:53the market orders that were coming
22:54through as you can see 5.8 million
22:56shares needed to be sold and they
22:59couldn't find any bidders from 3 bucks
23:01all the way down to a buck 50 so you
23:04know I got lucky and the stock opened up
23:06down 50% and I covered my shares around
23:09this 120 area and locked in a huge
23:12profit of 16,000 and guess what my risk
23:16was breakeven so that's that's trading
23:19you want to be risking break-even to
23:21have a massive gate potentially and
23:24that's really you know my kind of style
23:27of trading is I don't like taking these
23:29wide wide stops with one to one and risk
23:31or I like taking risk reward where I can
23:36make 35 ours on one trade 35 X what my
23:43average loss is on the month in one
23:44trade and you know I was just gonna
23:47break even maybe I would have taken a
23:49loss and slippage and but I would have
23:52led I wouldn't have let it god I won't
23:56have to let my lost out of control
23:58because I was already green on it and I
24:00was
24:00so keen and I already approved myself I
24:03would stop out I already took some off
24:04here so it's all about just scaling at
24:09the right times and choosing the right
24:11risk levels and kind of knowing when you
24:13know the conference call was coming up
24:14so I knew that this is where it would
24:16have a large volatility around the
24:19conference call and it could have very
24:21easily squeezed I would have simply
24:22exited and waited because this would
24:25have been a massive trap you know what I
24:26mean like this could have been a massive
24:28trap right here if you look at the price
24:29action you know it breaks under a little
24:31bit and it kind of starts to come back
24:33but the conference call obviously they
24:37said that there were scam they said that
24:39you know they're delivering drones out
24:42of their pickup truck and the company is
24:44just garbage which most paying stocks
24:46are that's why I like short selling
24:47because mostly stocks are trash that's
24:51just a fact the nature so that's what I
24:55got for you guys on those two charts and
25:00that's pretty that's basically gonna do
25:04it for me so I hope you guys can take
25:06something from this leave any questions
25:08below please like comment and subscribe
25:10I'll catch you guys back here on the May
25:13recap and like I said my goals are just
25:16gonna be to take Monday slower and not
25:18take a massive 5k loss and really just
25:23focus on consistency and you know I'm
25:27allowed to dabble I'm allowed to take a
25:29lot of trades as long as I keep my
25:31losses relatively small and I'm able to
25:33have big wins and then removing the og
25:36Swizzle and not trading my Nasdaq Long's
25:41as much because it's proven that it's
25:43nearly gambling because I'm hardly
25:46making any money on those setups so I
25:49will see you guys later peace

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