Trading Monthly Recap: February 2020 $47,000 — Transcript

Full transcript

1. 0:00what's going on everyone I hope you guys
2. 0:02are having a good weekend I'm gonna try
3. 0:05to make my February 2020 recap once
4. 0:07again I've been having difficulties with
5. 0:10YouTube and it won't upload my video as
6. 0:12my first video was around 40 minutes and
7. 0:15it wouldn't upload and my second video
8. 0:17was around 30 minutes so what I'm gonna
9. 0:19do this time is not talk about any of
10. 0:22the charts and just talk about mindset
11. 0:24and go through my stats of this month
12. 0:27and then if you guys show enough love
13. 0:29and you guys want me to go through some
14. 0:32of the charts I'll make a part to
15. 0:34potentially but I'm gonna try to keep
16. 0:35this video in between the 15 and 20
17. 0:38minute range so I might talk a little
18. 0:39quick other than that I did make my 20
19. 0:4520 January recap over here and I'll link
20. 0:48that in the description if you guys
21. 0:49haven't watched that I've talked about
22. 0:51this month pretty in-depth and I got a
23. 0:54couple complaints that I wasn't talking
24. 0:56about enough so what I did was turned up
25. 0:58my mic so we'll see how that goes let me
26. 1:00know if it's better so to get right into
27. 1:03it here I had my best month ever
28. 1:05forty-seven thousand and it was actually
29. 1:07funny because last February was my
30. 1:10previous best month and it was 46
31. 1:12thousand two hundred so I don't know
32. 1:15what it is about February but the
33. 1:17opportunity and I'm just ready to go I
34. 1:20don't know what it is maybe it's cold I
35. 1:22don't go outside and I'm just stuck in
36. 1:24my room just grinding up the stocks and
37. 1:27sizing up or whatever but super
38. 1:29consistent month and it was really after
39. 1:32you know this first week super
40. 1:34consistent super consistent and then I
41. 1:36had another big trade on ticker symbol
42. 1:40yuan lo like last month when I made big
43. 1:43trade on our ibx OTC promotion and then
44. 1:48I was like all right like I'm already up
45. 1:50a decent amount on the year you know I'm
46. 1:53already up 40 grand or whatever it is
47. 1:54somewhere around 40 and I was like
48. 1:57alright that's time to size up so I've
49. 1:59moved my risk from like 200 like 1 200
50. 2:04to like 3 4 or 500 and then even on this
51. 2:08week here I was risking like 1 or 2
52. 2:09grand on a lot of these plays because
53. 2:11they were so so ideal
54. 2:13and that's kind of key with sizing up
55. 2:16like I don't really have a system on how
56. 2:19I sighs I don't risk X amount of my
57. 2:21account or whatever that is I just do it
58. 2:23how I feel comfortable because at the
59. 2:25end of the day like whatever your
60. 2:27trading plan is if you aren't
61. 2:29comfortable with your trading plan like
62. 2:32you can't physically be a robot like I
63. 2:34don't believe that you're a human at the
64. 2:35end of the day so you have to use your
65. 2:37mentality and your emotional state to
66. 2:40your advantage
67. 2:41like trading is kind of like basketball
68. 2:43right where you'll see teams go on you
69. 2:46know
70. 2:46streaks and streaks of scoring like 2200
71. 2:49streaks and then another team will come
72. 2:51back and they'll score 14 in a row and
73. 2:53that's kind of how I believe trading is
74. 2:55it's really momentum based so when I'm
75. 2:58trading good that's when I size up and
76. 3:01then as you can see here I was taking a
77. 3:04little bit bigger losses on my read days
78. 3:06compared to the previous month
79. 3:08I had smaller read days but my games
80. 3:10were always four figures and this last
81. 3:14week especially when the virus stocks
82. 3:16were really going off I completely
83. 3:19missed all the logs like this is only
84. 3:21from shorting the virus stocks and I did
85. 3:25a really really good job shorting and
86. 3:27I'll get the I'll show you guys my
87. 3:28pattern performance and how I did on the
88. 3:31Nasdaq Slater but basically this is like
89. 3:33a first for me to make and actually like
90. 3:36a real amount of money trading NASDAQ
91. 3:39stocks because I've always been an OTC
92. 3:40trader for the last year and a half or
93. 3:44whatever it's been but I've slowly been
94. 3:46learning these Nasdaq's from all these
95. 3:49people from you know hoodie learn some
96. 3:52tape from Harry I learned some stuff
97. 3:57from Kyle learning some stuff from our
98. 3:59crook I learned some stuff from timber
99. 4:00tawny and I kind of used all their
100. 4:02knowledge to make my own kind of trading
101. 4:05style with them and my trading style is
102. 4:09especially this last week here when the
103. 4:11stocks were super extended I knew that I
104. 4:13didn't have to time the top perfectly I
105. 4:17knew that what I could do would be like
106. 4:21join into weakness and look for the snap
107. 4:25and kind of use the level
108. 4:27- in the tape to kind of see like where
109. 4:29the weakness was coming in because you
110. 4:32know when these things go red there's
111. 4:34going to be a huge panic to the downside
112. 4:36so like I didn't need to sure and then
113. 4:40have a wide stop and either better
114. 4:42squeeze me out I could if it's showing
115. 4:44weakness and then I want to be in
116. 4:46because then it's showing me that the
117. 4:48stalks can go red and die so I don't
118. 4:50want to be shorting with a wide stop and
119. 4:54just let it play out like what I was
120. 4:56doing was I was shorting sighs and if
121. 4:59the stock didn't break down
122. 5:01I was simply covered like this day I
123. 5:03nailed a PT for about eight grand and I
124. 5:10was down a thousand something on it
125. 5:13because I had taken three or four paper
126. 5:15cuts and then when it finally when I
127. 5:17finally did time it and I showed the
128. 5:19weakness and the stock had continued
129. 5:22follow-through momentum to the downside
130. 5:24then that's the next pop when I got
131. 5:26confirmation that's when I doubled down
132. 5:28and I took the most amount of shares
133. 5:30because now the stock has proven to me
134. 5:32that the stock was gonna break down and
135. 5:35go red so I kind of found a style that I
136. 5:40used to trade in the OTC Long's
137. 5:42and the OTC lungs are just way too slow
138. 5:44for me now as you can see later in my
139. 5:47pattern performance I'll show you that
140. 5:49I'm not making that much money on OTC
141. 5:51Long's
142. 5:52OTC logs contribute to 10% of my gains
143. 5:55on the overall year so most of my gains
144. 5:59this year at then from shorting which is
145. 6:01just amazing growth for me because I
146. 6:03never stopped growing after I made my
147. 6:06money I made my first one degree and
148. 6:09then how am I gonna make my next 100 yen
149. 6:11and that is adapting or perishing and I
150. 6:15adapted and that's what people have to
151. 6:16do you guys have to recognize what's
152. 6:18going on in the market you can't just
153. 6:20trade one strategy and I mean you can't
154. 6:23trade one strategy sure but you're not
155. 6:25going to have this kind of consistency
156. 6:27without trading multiple strategies
157. 6:29because there is you have to be able to
158. 6:32recognize when a search strategy is hot
159. 6:35like I wasn't even looking at OTC this
160. 6:38week because I knew that I could make
161. 6:39the most
162. 6:40money on these NASDAQ virus plays and
163. 6:43I'm sto MZ + GN bTW - perfect OTC long
164. 6:47setups and if I was focused I would have
165. 6:50definitely now both of those but I
166. 6:51wouldn't have nailed them for you know
167. 6:54$29,000 I probably would have made 3 4
168. 6:57grand on it so prioritizing the patterns
169. 7:01I think is very important so now to jump
170. 7:05into the month review so you guys can
171. 7:07see some of the trades so as you can see
172. 7:10from last month I have a lot more four
173. 7:13figure gains and that came with my
174. 7:14sizing up so this trade was uol mo this
175. 7:18was the same pattern as our ivx it was
176. 7:21just a promotion and I shorted it and I
177. 7:23made you know 87% and that's great and I
178. 7:26love this strategy but doesn't come
179. 7:28around too too often it's not like four
180. 7:31times a month or whatever like I'll
181. 7:32probably get one or two every couple
182. 7:35months like I have been so far and then
183. 7:37as you can see here here are three huge
184. 7:41listed supernovas and I made great money
185. 7:44on them all big supernovas I shorted and
186. 7:48as you can see here like my percent
187. 7:50gains they're trash because I'm trading
188. 7:52so many shares throughout the day that
189. 7:55it doesn't show like oh that's these are
190. 7:58all my trades combined so you can see
191. 7:59that I'm actually trading them in and
192. 8:01out in and out so that's why the percent
193. 8:03gains are so bad and then I had a few
194. 8:04really good OTC trades a couple of
195. 8:07breakouts
196. 8:07and one short where I made you know all
197. 8:10around to 2 to 3 grand these are still
198. 8:13good OTC trades that I made on the
199. 8:17previous weeks it was a thing that was
200. 8:19this week and I think BTC why was this
201. 8:23week so solid trades there and then more
202. 8:28more Nasdaq's this was before the the
203. 8:34big day on Friday this was the 14 grand
204. 8:36a last day of the month and then this
205. 8:38was a couple setups pre another lower
206. 8:44tier promotion compared to UM oh it's
207. 8:46not it wasn't a um Oh tight promotion
208. 8:49was a little bit lower tier but still
209. 8:50made 2 grand on that I was
210. 8:51I strayed and then I had some just some
211. 8:55more Nasdaq's first red days some nice
212. 8:58solid singles and doubles here and then
213. 9:02a a bunch of smaller trades here that
214. 9:04these things just will add up over time
215. 9:06and then a bunch of smaller losses
216. 9:10smaller losses and then I had a few few
217. 9:14bad losses here where I sure did some
218. 9:18this was a bad I got really badly
219. 9:20squeezed on SPO M it was an OTC and one
220. 9:23thing I have learned is you really need
221. 9:26to be careful on these sent Cote CS if
222. 9:28you're shorting because I know myself
223. 9:30and if I take 10,000 shares it's going
224. 9:32to be kind of hard to get out of the
225. 9:34stock so you really need to be careful
226. 9:37if you're shorting under fifty cents
227. 9:39because if you get a lot of shares it's
228. 9:41hard to execute it's a lot in
229. 9:43commissions so you have to be really
230. 9:44certain that it's going to go down and
231. 9:48then here is Tom's the OTC and I just
232. 9:53completely messed it up this day when it
233. 9:54was breaking out like I told you guys
234. 9:56because I was so focused on Nass next
235. 9:57but I still tried to trade it and I was
236. 9:59trying to take too much sighs because I
237. 10:01knew it was a good setup I mean the
238. 10:02stock went all the way to a dollar fifty
239. 10:03from my 60 entry so more than double but
240. 10:08I just couldn't focus on it correct
241. 10:11because I was focusing on everything
242. 10:12else and then this one I got stuck into
243. 10:14earnings after hours it was a really
244. 10:15dumb trade my worst percent loss of the
245. 10:17of the month and but I was still able to
246. 10:22keep $200 average loss and this isn't
247. 10:28totally true because a lot of times I
248. 10:30was down a decent amount like test and
249. 10:34my feelers out like apt I was down like
250. 10:36a grand something before I made all this
251. 10:39money it so these this isn't a
252. 10:41completely accurate step but I was still
253. 10:43able to keep my ticker loss $200 on the
254. 10:46red ones and then my profit was 700 so
255. 10:49really good stats here and then actually
256. 10:52this might be the first time ever dye
257. 10:53trade in more Nasdaq's than OTCs
258. 10:55I'm going long and short fifty fifty
259. 10:58percent of the time that's good I never
260. 10:59want to be overly biased so that is
261. 11:02really good my Nasdaq one person
262. 11:0469% basically right on that 70 super
263. 11:07ideal and then my OTC wonder son and
264. 11:09long 1% right over that 55 like I said
265. 11:12at last video that I wanted to get it to
266. 11:14short one percent seventy one overall 1%
267. 11:1865 and this is on like 125 traits so
268. 11:21this is a large sample size and really
269. 11:25good on stats this month obviously it's
270. 11:27my best month ever so what else do we
271. 11:30have here
272. 11:31I mean average week 12 grand which is
273. 11:34just a little crazy I mean I'm only 21
274. 11:37years old and to me making 12 grand a
275. 11:38month like that like that's super crazy
276. 11:40I started with 29,000 and I made 29,000
277. 11:45the last week of February so that just
278. 11:46shows how really how trading can really
279. 11:50grow and you know who knows what this
280. 11:52can be in a few more years down the line
281. 11:54but that's why I love trading so much
282. 11:57it's you can kind of control how you do
283. 11:59unlike other jobs and lot of stuff but
284. 12:01I'm not gonna get into that that was
285. 12:03just a brief mention and I have a six
286. 12:05point two six profit factor which is
287. 12:07really good anything anything over five
288. 12:09is fantastic and then if you have in
289. 12:11between like two to four that's average
290. 12:13and that's decent I would take that a
291. 12:15long profit factor about a 3.0 so pretty
292. 12:19solid long stats they're only getting
293. 12:22about two to one on my rich reward
294. 12:24average lost 150 average gained 300 so
295. 12:28nothing crazy there by eight grand and
296. 12:30you know a Koreans still even decent on
297. 12:32the month so I'm not you know that's not
298. 12:35bad eight grand and then my shorting
299. 12:37just once again really really good 9.0
300. 12:40profit factor on my shorts so I mean I
301. 12:43lost five grand here and four grand here
302. 12:45but I made forty five thousand instead
303. 12:47of twelve thousand and then my average
304. 12:49profit I mean perfectly to the to the
305. 12:52dollar a thousand and then seventy five
306. 12:55cents
307. 12:55average gain average lost about 280 so
308. 12:59I'm finding that risk reward they're
309. 13:00risking around 300 to make a thousand I
310. 13:02really really like that with my seventy
311. 13:04percent win right and made 40 grand so
312. 13:09and my fees to there weren't even bad I
313. 13:12spent about a grand and fees all these
314. 13:15brokers brokerages now at a speed trader
315. 13:17Cobra
316. 13:18IBE trade I was shorting all of them and
317. 13:21the fees are so much better than when I
318. 13:22first started shorting like I remember I
319. 13:24would just be spending this much or more
320. 13:26on fees when I'd be making like a like 2
321. 13:283 4 grand when I first started in 2018
322. 13:31over that center point and the fees are
323. 13:34just so much better nowadays so really
324. 13:39cool stuff and then these stats are a
325. 13:41little bit messed up because I was
326. 13:42trading Tesla and to get in the test a
327. 13:44little bit that was the first stock that
328. 13:46I actually sure that was super high
329. 13:48priced and I absolutely nailed it and I
330. 13:50think that one is what gave me the
331. 13:52confidence to say like why can't I keep
332. 13:55doing this and then we got some super
333. 13:57idea of IRA setups so I continued to
334. 14:02trade them and do really well average
335. 14:05daily gain 2500 just really really good
336. 14:08so pattern performance here I mean as
337. 14:13you guys can see already up 80 grand on
338. 14:14the year which is really good and last
339. 14:22last year I was up about like 70 or 60
340. 14:25or something like that around this time
341. 14:26but the key for me this year it's gonna
342. 14:28be to continue this momentum I know I'm
343. 14:30not gonna be able to pull out 50 grand
344. 14:32every month but I believe that I can do
345. 14:34five figures every month you know ten
346. 14:37grand fifteen grand 20 grand because I
347. 14:39have so much more my arsenal now when I
348. 14:41was only trading last year was strictly
349. 14:43OTC Long's and maybe a few shorts that
350. 14:45he trade had but not really how I can do
351. 14:48it now and I just have so much more
352. 14:49knowledge now that the only thing that
353. 14:52matters like this is nothing because I
354. 14:54started this good last year the goal is
355. 14:55literally to keep this momentum going
356. 14:58not like super intense like every like
357. 15:02like I said not every month being 50
358. 15:04grand but I want to be able to can be
359. 15:05consistently profiting at least 10 grand
360. 15:08a month and you know we'll see what
361. 15:10happens
362. 15:10who knows maybe they're gonna there's
363. 15:13going to be more hot sectors in the
364. 15:14spring or whatever it is but just got to
365. 15:17keep it going got to keep it rolling
366. 15:19like you got it I got to remind myself
367. 15:20like this is what happened last year so
368. 15:23I need to keep it going
369. 15:25so February I mean 40 40 600 on OTC
370. 15:30Long's and that was mainly
371. 15:31coming from the two trades of a BML and
372. 15:34HCMC
373. 15:34I didn't really take any too big of
374. 15:37losses on these setups except for TMZ
375. 15:40bar I told you guys a little bit about
376. 15:42that and then my ot sees like I was
377. 15:45saying uh last month I said I wanted to
378. 15:47size up on the OTC short setup but there
379. 15:49just wasn't too many good OTC short
380. 15:51setups so i mean- i guess on the on the
381. 15:56strategy but that's alright because I
382. 15:59had a few nice other strategies that I
383. 16:02trade there to make some money and then
384. 16:04the promotion I had I made good money on
385. 16:07so not bad at all and then listed here
386. 16:13it is twenty-two twenty-four grand three
387. 16:15hundred never have made this much on
388. 16:17NASDAQ in my entire life so I'm really
389. 16:20jacked up about it honestly and so far
390. 16:24in March like I've continued in the
391. 16:26first week you know I've already made
392. 16:28nine thousand more on some of these
393. 16:30Nasdaq so I mean my ot C's are nothing
394. 16:33in the first week of March and my 9x are
395. 16:36doing way better so I'm really happy
396. 16:38that I have adapted and growing and
397. 16:43that's kind of key like when you guys
398. 16:46get to a certain point like you really
399. 16:48need to adapt and I've been trying to do
400. 16:50it for probably over a year now but I
401. 16:52just didn't get it right away
402. 16:53but now I can say like a year down the
403. 16:55I'm down the road you know I pulled it
404. 16:57off this month finally because I feel
405. 16:59like a year ago is when I kind of
406. 17:01started to develop some of these new
407. 17:04strategies and now I have like all these
408. 17:06strategies so just really happy and then
409. 17:11listed Long's I just kind of sculpt
410. 17:14around on these play it safe you know
411. 17:16this is just a nice little wallet
412. 17:18pattern I'll pay for my bills and just
413. 17:22let my shorts really just do the talking
414. 17:23and continue to grow my account through
415. 17:26those but other than that guys I guess
416. 17:28my videos are on 17 minutes right now so
417. 17:30like comment subscribe let me know down
418. 17:33in the comments if you want me to go
419. 17:34over through some charts and February
420. 17:35I'll maybe do it next weekend if I get
421. 17:38enough likes and comments and you guys
422. 17:40actually want to see it but if not I'll
423. 17:42see you for the March recap
424. 17:44we're off to a good start so let's keep
425. 17:46it rolling I hope everyone's having a
426. 17:48has a great weekend and great trading
427. 17:50week next week let's kill it