Trading Monthly Recap: July 2020 $126,000 — Transcript

Full transcript

1. 0:01all right what's going on traders
2. 0:04back here on august 23rd for my july
3. 0:092020 recap sorry it's taken 23 days
4. 0:13but the first week of august i lost
5. 0:17power due to a storm second week i was
6. 0:21on vacation
7. 0:22and this week i really just got back
8. 0:24into my normal routine
9. 0:26so i decided might as well bang out the
10. 0:29recap for you guys
11. 0:31because i would like to make one every
12. 0:33single month
13. 0:34of this year just so i can kind of
14. 0:37remember my
15. 0:38my journey and so you guys can
16. 0:41learn through my experience
17. 0:44july ended up being a really good month
18. 0:47for the opportunity that was out there i
19. 0:49feel like i performed
20. 0:51very well profiting 126k
21. 0:55after my fees
22. 0:58and only having one red day of six
23. 1:01hundred
24. 1:01and four dollars and actually that day i
25. 1:04was
26. 1:05up over three thousand with only one
27. 1:07hour to go
28. 1:08and i made a mistake
29. 1:12on c-y-d-y and i was trying to predict
30. 1:15something rather than reacting and
31. 1:17getting into too much size
32. 1:19and unfortunately taking a painful loss
33. 1:22that day
34. 1:24and that brought me to negative 600 on
35. 1:25that day
36. 1:27but other than that i had a pretty good
37. 1:31month but it was
38. 1:34um very hard to keep focused the entire
39. 1:37month
40. 1:39and i did make a mistake into this
41. 1:42last week i was kind of already ready
42. 1:45for
43. 1:46vacation and i kind of just
44. 1:50didn't take the market as seriously as i
45. 1:53should have
46. 1:54and i kind of just dabbled into
47. 1:57kodak and ended up
48. 2:01putting myself in a really bad situation
49. 2:04but still got out okay
50. 2:08just because i i managed my position the
51. 2:11best that i could
52. 2:13and then after that that kind of just
53. 2:17made me realize i need to step back
54. 2:20and i need to be focused on more than
55. 2:22anything other than profits just
56. 2:24your mental health and
57. 2:28you're trading your best when you have
58. 2:30the best mindset and i wasn't having the
59. 2:32best mindset
60. 2:34this last week here in july i was very
61. 2:37burnt out
62. 2:38from the last eight or nine weeks
63. 2:41pulling in you know just ridiculous
64. 2:44weekly totals here
65. 2:45in june and in july
66. 2:49and then as you can see this was my
67. 2:50first substantially first
68. 2:53smaller smaller month or a smaller week
69. 2:57here um so
70. 3:00other than that just go over the normal
71. 3:03recap here
72. 3:04talk about my stats and then get into
73. 3:08some charts from this month
74. 3:12average winning trade to average loser
75. 3:14right around that
76. 3:163x so that's fine with me average
77. 3:19percent gain here
78. 3:21is a little bit low coming in only at
79. 3:235.75
80. 3:25percent but something that i want to
81. 3:27talk about
82. 3:28is i haven't just been taking
83. 3:31one position and you know either selling
84. 3:34that position for a loss or selling that
85. 3:36position
86. 3:38for a win i have really adapted to
87. 3:41scaling in and out um this year just
88. 3:44because when i think
89. 3:45you get profitable and you get more
90. 3:48size it's a lot harder to take one entry
91. 3:52one exit one stop loss tim gertani still
92. 3:55does it
93. 3:56um pretty well but my style is more
94. 4:00if i'm going to be taking a bigger
95. 4:01position i want to not just take it in
96. 4:04the minute that i decide i want to take
97. 4:07it i want to
98. 4:07start in slow and then add to my winner
99. 4:11take profits as it pays me and just
100. 4:13follow the trend with the best risk
101. 4:16reward
102. 4:17that i can get and that's my mindset
103. 4:20with
104. 4:21every trade and what's way more
105. 4:22important to me than average percent
106. 4:24gain is my average wins my average loss
107. 4:27and that's right at a 3.0
108. 4:31and i'm pretty happy with that and my
109. 4:34big loss here on
110. 4:35kodak probably raised that a bunch near
111. 4:38the end of the month it was probably
112. 4:39a bit lower in the three or four
113. 4:41hundreds i would imagine before
114. 4:43this 8k loss but still achieving that
115. 4:47three to one
116. 4:48so i'm happy
117. 4:51averaging about six grand per day
118. 4:56just pretty crazy that
119. 4:59i'm doing that this year just after
120. 5:01making multiple
121. 5:026k months last year trading is so
122. 5:05scalable
123. 5:06guys and once you really
124. 5:09understand yourself and you start
125. 5:11getting better and pushing yourself
126. 5:13it's so quick to get to
127. 5:16a level that you always thought you
128. 5:18could get to
129. 5:21so getting into the monthly review here
130. 5:27as you can see here in my p l tab i
131. 5:30didn't
132. 5:30really have massive massive wins whereas
133. 5:34last month i'll show you here i have
134. 5:37gnus
135. 5:38and cyd why i were which were
136. 5:41um nearly half my month so that's why i
137. 5:44was saying
138. 5:45this month i'm very happy with
139. 5:48how good i traded for the opportunity
140. 5:50that was out there
141. 5:53only uh two smaller five figure gains
142. 5:56compared to gnus and cydy of course
143. 5:58but of course this is still 28k which is
144. 6:01great
145. 6:02but other than these two trades i still
146. 6:05made a hundred grand
147. 6:06if you count all these trades here and
148. 6:09really it was just
149. 6:11a lot of
150. 6:14trading right and that's why i was
151. 6:16burning out because i was managing so
152. 6:18many positions per day
153. 6:20because that's how i believe that you
154. 6:22can lower risk is taking more positions
155. 6:24with less risk
156. 6:26and then it's easier to ditch the ones
157. 6:28that aren't working
158. 6:29and focus on the ones that are working
159. 6:33so 164 trades that's a bunch
160. 6:38and it's a little bit over my average
161. 6:41and i won so many of those trades too
162. 6:44which is great
163. 6:46um so trading otc is about 62 percent of
164. 6:50the time which is good
165. 6:52otcs are my home
166. 6:55and i was trading a little bit more
167. 6:57nasdaq at the start of this year in
168. 6:59march
169. 7:00and april and i thought that that's was
170. 7:03kind of going to be my direction of this
171. 7:05year but
172. 7:06cydy really ignited my love for otcs
173. 7:10again and really got me focused into the
174. 7:12summer
175. 7:13may june july even august the otcs have
176. 7:17been where
177. 7:18my focus is because i know i can
178. 7:22have better opportunity for lower risk
179. 7:24trades
180. 7:26trades with the same reward but of
181. 7:29course i'm still trading nasdaq
182. 7:31but i just don't want to be sizing into
183. 7:35a lot of these nasdaqs as you can see
184. 7:37here
185. 7:38just look at all the otc gains over the
186. 7:41nasdaq
187. 7:42nasdaq i don't really like taking huge
188. 7:45size on
189. 7:46because everything's a lot quicker so
190. 7:50you can make a mistake
191. 7:52easier than with otcs it gives you a
192. 7:54little bit more time to
193. 7:56think and the price action usually
194. 7:59doesn't lie to you
195. 8:01right where nasdaq price action can lie
196. 8:03to you and then
197. 8:04cause emotional mistakes
198. 8:07so that's why i like focusing on otcs
199. 8:12going long 45 percent of the time short
200. 8:1555
201. 8:16like i said i love to keep it 50 50
202. 8:19every single month
203. 8:20this month it was a little more short
204. 8:22bias shorting is my preferred method
205. 8:26nasdaq as you can see i'm not trading
206. 8:28nasdaq as much but when i do trade it
207. 8:31i operate at a high efficiency with
208. 8:34lower risk
209. 8:35and i only want to be taking the super
210. 8:37easy nasdaq trades i don't want to be
211. 8:39trying to hit home runs on them i just
212. 8:40want to be wall
213. 8:41padding i want to be focusing on my otcs
214. 8:45otc is about 61 win percent uh this is
215. 8:48right around
216. 8:49my overall stuff nothing you know i
217. 8:52literally think i've had a 64
218. 8:54win rate for like five or six months in
219. 8:57a row
220. 8:57it's pretty crazy how statistic
221. 9:01statistical it is where it's literally
222. 9:0364 point something
223. 9:05every single month for so many months
224. 9:06straight
225. 9:09and nothing else here
226. 9:12my profit factor between all my wins and
227. 9:15all my losses is 5.2
228. 9:17that is a little bit better than average
229. 9:21my longing was good this this month with
230. 9:23a 4.4
231. 9:24and my short 5.5
232. 9:28overall really happy with
233. 9:31this month and even my longs here
234. 9:32average profit 840 average loss 270 so i
235. 9:36really think i did well with my longing
236. 9:37this month
237. 9:39and you know that mainly
238. 9:42comes from a lot of these panic dip buys
239. 9:45and that has been
240. 9:47probably my most my biggest
241. 9:50uh gain on the long side this year is
242. 9:53panic dip buys
243. 9:54and that really has just come from me
244. 9:58being a short seller and me covering
245. 10:00stocks
246. 10:00and learning how to identify bottoms
247. 10:03so my shorting really helps me with my
248. 10:05going long i'm not a good
249. 10:07breakout trader i i did start my journey
250. 10:10as a breakout trader because i didn't
251. 10:12have
252. 10:12as much capital and i couldn't be
253. 10:14playing so many stocks at the same time
254. 10:15i didn't have so many brokerage accounts
255. 10:17so breakouts gave me a high
256. 10:21percent gain but after that i'm
257. 10:23switching to
258. 10:25these more um scalpier trades not really
259. 10:29scalping
260. 10:30but i'm following the trend as best that
261. 10:33i can in
262. 10:34adding and um lessening size as the
263. 10:37price action kind of tells me what to do
264. 10:39and trusting my
265. 10:40instinct on the stocks
266. 10:43but that is enough of this
267. 10:46i mean i told you guys about
268. 10:50my kodak loss here my cydy loss
269. 10:55and then other than that only had two
270. 10:58trades that were more than
271. 11:01um negative a thousand and this trade
272. 11:04actually carried over from last month
273. 11:06uh it was just an awful mistake in my ib
274. 11:09account where i got too much size and i
275. 11:11kind of just
276. 11:12sat with it and then i got bought in it
277. 11:14was just a mess
278. 11:16and then this was i'm not sure what um
279. 11:20this trade was aoi
280. 11:24i love this ticker this was one of my
281. 11:25best breakout trades last year the
282. 11:28sector's hot with the
283. 11:29electric vehicles and they kept pr'ing
284. 11:31about it had a
285. 11:32a really nice chart and i tried to
286. 11:35predict
287. 11:35that it was going to break out instead
288. 11:37of adding my size once it was proven
289. 11:40correctly and then some slippage on the
290. 11:42fills at the open
291. 11:43a lot of large my large losses come from
292. 11:48predicting something at the open instead
293. 11:50of waiting for
294. 11:52it to show me and that is
295. 11:56even how i've taken some losses this
296. 11:57month uh
297. 11:59gld lf i know this is
298. 12:02a ticker from the third week of august
299. 12:05but
300. 12:06i predicted that it was going to do
301. 12:08something instead of reacting and
302. 12:10i took a loss on friday
303. 12:14last trading day but fortunately i did
304. 12:17i was able to make my money back because
305. 12:18it eventually did die but i could have
306. 12:21saved myself that loss if i was a little
307. 12:24bit more patient
308. 12:25and that's why i like that's why i was
309. 12:27saying at the start of this video
310. 12:29i never like taking all my size at the
311. 12:31same time because
312. 12:32it's too quick if you're wrong you're
313. 12:34gonna take a big loss whereas if you
314. 12:36start in small keep adding
315. 12:38your average is going to be better
316. 12:40especially if you're only adding two
317. 12:43winners and that's what's key when
318. 12:45you're adding is to only be adding the
319. 12:46winners
320. 12:50all right so to get into some of these
321. 12:52charts here
322. 12:54all right sorry guys i was just getting
323. 12:55some water there
324. 12:57but now to get into some of these charts
325. 13:00cydy talked about this one last month
326. 13:03but this
327. 13:04ended up being the last day of the month
328. 13:06which was my biggest
329. 13:07gain ever on cydy and then guess what
330. 13:10guys
331. 13:11the ticker doesn't go away you know this
332. 13:14is still going to
333. 13:15offer a ton of trading opportunity as
334. 13:18you can see it's a lot
335. 13:20choppier but since i've been watching
336. 13:23this stock
337. 13:24since it was nothing i'm going to still
338. 13:26keep trading this where other people are
339. 13:27going and trying to trade other things
340. 13:29this still has great range as you can
341. 13:31see from seven
342. 13:32to the fives this day
343. 13:35and just dollar a share range up and
344. 13:38down and that's something that i can
345. 13:40take advantage of
346. 13:42so i did a really good job at
347. 13:45trading this for the first
348. 13:48for pretty much all of last month i
349. 13:51started getting chopped around
350. 13:53in it here on august in this kind of
351. 13:55price action but this price action i
352. 13:57ended up doing
353. 13:58really well on and this was uh
354. 14:02one of my big gains was just shorting
355. 14:04kind of this fade here and this is just
356. 14:06a pattern that we look for where
357. 14:08after it has that super hard supernova
358. 14:11crack
359. 14:12they all kind of round off and curl down
360. 14:16right
361. 14:16another one we can compare it to is gnus
362. 14:23right it didn't have it as cleanly
363. 14:26because it's a nasdaq but
364. 14:28you know hard crack and now we're
365. 14:30rolling over right so it's the same idea
366. 14:33on cydy where after we have that hard
367. 14:37crack i'm looking for it to start
368. 14:38rolling over
369. 14:39and cracking the key daily support
370. 14:42levels instead of a breakout we're
371. 14:43looking at a breakdown
372. 14:45right and tim styx refers to this as
373. 14:48the number six and the number seven in
374. 14:50the penny stocking framework
375. 14:51where this would be the number six
376. 14:53shorting it up here and
377. 14:54shorting it down here would be the
378. 14:55number seven and for me
379. 14:58i don't really know how high it's gonna
380. 15:00bounce and i don't like
381. 15:02kind of trying to pick a top on these
382. 15:04bounces
383. 15:06and as you can see on this day i gapped
384. 15:08up huge so it's just
385. 15:10it's hard to tell whereas once it starts
386. 15:12confirming
387. 15:13there's a seller there's it's wicking
388. 15:15it's it's breaking down lower
389. 15:17this is where i'm shorting and i made um
390. 15:20really good profit
391. 15:21on this day being short overnight from
392. 15:24this red candle and covering into this
393. 15:26red candle kind of trading around the
394. 15:27core like i was saying adding
395. 15:29and covering into the pops and the dips
396. 15:31and ended up making about
397. 15:33uh 10k on that
398. 15:36on that trade there right
399. 15:40this trade right here exactly what i'm
400. 15:41talking about and as you can see i
401. 15:42traded 25 000 shares
402. 15:44but i never had 25 000 shares at one
403. 15:47time i think i had
404. 15:4810 12 000 shares at the most so
405. 15:52kind of just adding and i still made
406. 15:56about a
407. 15:5642 uh net gain a
408. 16:00senate share gain uh seven percent
409. 16:02return but
410. 16:04like i'm saying just because it had the
411. 16:05first red day doesn't mean that
412. 16:07the pattern is over and i traded cydy a
413. 16:10lot
414. 16:10this month c y d y c y d y c y d y
415. 16:14c y d y c y d s u y d y c y d y
416. 16:18so as you can see i'm trading it a lot
417. 16:22and really these small singles
418. 16:25keep adding up and it's just
419. 16:28if you look at these trades it's a lot
420. 16:30of the same tickers
421. 16:32and that's what otc is it's not like
422. 16:35nasdaq where
423. 16:37there's a lot of range up and down all
424. 16:40the time different tickers always coming
425. 16:42off
426. 16:42it's kind of just a few tickers that are
427. 16:44running so i like to take
428. 16:46advantage of the most liquid
429. 16:49the the most range tickers for instance
430. 16:53rlftf this month
431. 16:56started from 10 cents went to a dollar
432. 16:58and the volume
433. 17:00was insane and i was getting a lot of
434. 17:02trades on that this month you'll see
435. 17:04that at next month's recap
436. 17:05but i'm just trying to refer to
437. 17:07something that is in the present time so
438. 17:09you guys can get
439. 17:10but better understanding since i'm
440. 17:11making this video lesson so
441. 17:13uh late
442. 17:17and that is cyd right for you
443. 17:21i will talk briefly about my dkmr trade
444. 17:25which was my biggest trade
445. 17:27of the month dkmr for 18k
446. 17:33and i was in the stock for a month and i
447. 17:35never had 42 000 shares once again i
448. 17:37just
449. 17:38had 15 20 000 shares
450. 17:42and this was just an otc promotion after
451. 17:44it had this hard crack
452. 17:45the same pattern right guys this same
453. 17:48bounce fail and then i'm leaning into
454. 17:51this fade and just adding kind of in
455. 17:55this area 6 20
456. 17:5722 so i started shorting it this day
457. 17:59literally the same exact pattern of cydy
458. 18:01guys
459. 18:02and this one took a lot longer to pay
460. 18:04but i was just riding
461. 18:06the trend line right so another thing
462. 18:09that i use in my trading is these trend
463. 18:11lines
464. 18:12and
465. 18:15look how perfect this trend line is
466. 18:16right it's so easy to ride this down
467. 18:18because every single day
468. 18:19the tape keeps confirming to me that i
469. 18:22am correct
470. 18:23right but after when it pops through
471. 18:26the trend line right and it
472. 18:29comes back down and sets a lower uh
473. 18:32lower low here
474. 18:33or higher low that's where i took all of
475. 18:36it off right i took all of it off right
476. 18:37here
477. 18:38because we broke trend we hold we held
478. 18:40and then we started
479. 18:42uh ramping back up and the stock doubled
480. 18:45so if i kept holding
481. 18:46you know i'm just trying to ride these
482. 18:50stocks for as much as i can so another
483. 18:53great example
484. 18:54same chart pattern as cydy
485. 18:57a little bit slower of a payer but still
486. 19:00paid nicely
487. 19:05okay we will get into my favorite
488. 19:07pattern
489. 19:08someone asked me on twitter what the
490. 19:11best stock was to study
491. 19:13this month and i think it was any xcf
492. 19:17which looks kind of like cydui
493. 19:20but just a great clean three day green
494. 19:23run red day
495. 19:24nice range holds near ties another
496. 19:27breakout of four days
497. 19:30another first dread day right here but
498. 19:32this one came all the way back and
499. 19:33kind of consolidated the highs and then
500. 19:35it just gets a little bit
501. 19:37less predictable up here
502. 19:40so my big day was shorting at this day
503. 19:44and i took a lot more size
504. 19:47than this day because the stock just
505. 19:49wasn't as extended yes it was a three
506. 19:51greeting green day run but i
507. 19:54like judging the stocks based on where
508. 19:57they really started their run
509. 19:59so this stock really started its run
510. 20:01from a buck so now when we're up near
511. 20:03the sevens
512. 20:05taking more size because it's confirmed
513. 20:08that when it does go red it goes red
514. 20:10and i ended up shorting maybe like 10
515. 20:12000 shares
516. 20:13in the sevens and got out around the
517. 20:16sixes it was a great trade
518. 20:19uh ended up making
519. 20:23about ten thousand and then i gave about
520. 20:25one thousand back shorting
521. 20:27either five to seven thousand shares on
522. 20:28the bounce and
523. 20:30ended up giving about 1k of my profits
524. 20:33back
525. 20:36and that is that i can talk
526. 20:39about a couple of my losers now
527. 20:44so we have
528. 20:48kodak so i'll talk about this one and
529. 20:50kind of what happened in my mindset on
530. 20:52the day
531. 20:53and so you guys can see the chart
532. 20:57so this was just a pretty insane
533. 21:00supernova from
534. 21:02two to sixty and i basically just got
535. 21:06caught the wrong day with
536. 21:09um i wasn't respecting the stock for
537. 21:11really what it was i was just kind of
538. 21:14well i'll tell you what happened i
539. 21:16traded some stocks off the open i think
540. 21:18four or five stocks
541. 21:20nailed all of them for winners for
542. 21:21around like a grand i was up like 5k on
543. 21:23the day
544. 21:24and i was just kind of bored and this
545. 21:27thing had gapped up so much
546. 21:29so i just kind of started shorting it in
547. 21:31the 20s because i was like oh this is
548. 21:33up too much you know what i mean so i
549. 21:34can just get a i can get away with just
550. 21:36scalping the stock
551. 21:37you know adding i'm kind of bored
552. 21:40and then all of a sudden the stock
553. 21:42starts hauling up on me
554. 21:44and i'm losing so much money so quickly
555. 21:47and before i know it
556. 21:48you know my entire day's gain is is gone
557. 21:51unrealized
558. 21:52and of course i don't want to chase this
559. 21:56strength
560. 21:57so i'm just gonna wait for the pullback
561. 21:59and guess what
562. 22:00it went all the way to 60 and i was down
563. 22:03about 35 grand at the top i had
564. 22:07a thousand shares short from 25
565. 22:11and i was down about 35k at the top and
566. 22:14fortunately it did come all the way back
567. 22:17and
568. 22:19it gave me a good price to get out at
569. 22:22and i got out but then
570. 22:25um unfortunately i started re-shorting
571. 22:27some bounces because i was emotional
572. 22:30right i'm not in a good head space i
573. 22:31just went through a wild
574. 22:33swing of being down 35k being break even
575. 22:36being down
576. 22:37five grand and i just started showing
577. 22:39these balances because
578. 22:40a lot of the times when these supernovas
579. 22:44go on these massive runs you know
580. 22:45there's usually a pull the v-bop
581. 22:47and v-wap was still a lot lower so i
582. 22:50started shorting bounces
583. 22:52and i ended up just chopping myself up
584. 22:55and it was just
585. 22:56a terribly emotional day
586. 22:59one second gonna get some water all
587. 23:02right sorry about that guys
588. 23:04but that's basically my story with kodak
589. 23:06that was my worst unrealized loss i ever
590. 23:09looked at but
591. 23:13fortunately i got out of the situation
592. 23:17okay and of course it's not acceptable
593. 23:18for me to be trading like that
594. 23:21but i've made a great deal
595. 23:24of profits in my
596. 23:28trading uh history so being down 35k
597. 23:32is not the end of the world but it's
598. 23:35still
599. 23:36a very crappy situation to put myself
600. 23:39in because i didn't this could have gone
601. 23:41to 100 and i could have been down 75k
602. 23:43and there's all my months profits pretty
603. 23:46much gone
604. 23:47um besides i guess i still would be up
605. 23:4950k but it could have gone to you know
606. 23:51150 and i could have lost all my monthly
607. 23:54gains but i compared it to
608. 23:57bpth and i i knew it was coming from two
609. 24:00dollars right
610. 24:02so it's not like i'm shorting this at a
611. 24:04dollar and i'm putting myself at risk
612. 24:06for it to go to 50.
613. 24:07i shorted it at 25 i'm putting myself at
614. 24:09risk for it to go to 100 maybe more
615. 24:13but knowing there eventually would be a
616. 24:14pullback because stocks do not go
617. 24:16straight up right guys the stock's not
618. 24:17going to go to a thousand dollars
619. 24:19a thousand dollars per share right so
620. 24:23waited for the pullback got out
621. 24:25minimized my loss as best that i could
622. 24:27shouldn't have been in the trade in the
623. 24:29first place
624. 24:31and once again this is why i don't like
625. 24:32nasdaq because they're too
626. 24:34fast and i was down
627. 24:38so much so quickly and i just didn't
628. 24:40want to lose all my base gains and next
629. 24:42thing i know you know i'm down
630. 24:4310 i'm down 15 i'm down 20. i'm down 25
631. 24:46and down 30 i'm down 35
632. 24:48before it finally had its correction
633. 24:53so um bad situation there
634. 24:58good lesson
635. 25:02uh i'll talk about this c-y-d-y trade
636. 25:04here this was 7
637. 25:0620. so note that date
638. 25:09like i said this was my only red day of
639. 25:11the month
640. 25:12and this was this day right here where
641. 25:17i just kind of started shorting it at
642. 25:19six
643. 25:20and i just kind of kept adding and
644. 25:22adding and adding and before i knew it i
645. 25:24had like 25 000 shares short from like
646. 25:27640 and
647. 25:30of course this was after it topped out
648. 25:32at 670 so it kind of came back and my
649. 25:34average just wasn't very good
650. 25:37and i ended up taking the loss of it 650
651. 25:39but just way too much size
652. 25:41and it was just because i was like okay
653. 25:45this is bounced from 280 to
654. 25:48seven so i'm going to try to take a huge
655. 25:50position risking this seven
656. 25:52dollar area right here and i just didn't
657. 25:55really think about the math
658. 25:56and i was risking 60 cents on 25 000
659. 26:00shares
660. 26:01and i was like what did i do to my like
661. 26:04i need to get out so i got out
662. 26:07for a few grand loss whereas i should
663. 26:10have been sized in
664. 26:11maybe ten percent of that size like two
665. 26:14or three k
666. 26:15with the um
667. 26:18with the knowledge of i want to be
668. 26:21swinging this because of the resistance
669. 26:23up here
670. 26:24and i ended up just screwing myself
671. 26:28up because then when this day came along
672. 26:30i still capitalized and i still made
673. 26:32i think 7 or 8k on this day right here
674. 26:35but
675. 26:36i could have done a lot better if i was
676. 26:37in a better headspace
677. 26:40uh after this day right here and the
678. 26:41price action was funky as as you can see
679. 26:43here it's
680. 26:44had a morning spike and just broke the
681. 26:46previous day's high on news
682. 26:49and then just had a huge panic all the
683. 26:51way down to five bucks
684. 26:53so i had the right idea to be
685. 26:56shorting aggressive here today but i
686. 26:58wasn't considering my
687. 27:01my risk management and it's not how i
688. 27:03trade just to take a position
689. 27:05and and kind of just hold
690. 27:08because i'm not good at managing massive
691. 27:11size positions i'd rather be shorting 25
692. 27:15000 shares this day if i could fill when
693. 27:17it starts working
694. 27:19but other than that
695. 27:22that's basically all i got for you guys
696. 27:24today
697. 27:26two mistakes this month still a great
698. 27:29month for
699. 27:31129 000 gross before fees
700. 27:36and after kodak i kind of took a step
701. 27:38back i've been sizing down
702. 27:40august has been super super consistent
703. 27:41for me it's been a lot less stressful
704. 27:44of course i'm not going to be able to
705. 27:45pull another six figure month
706. 27:48but i'm still making great money and i'm
707. 27:50super grateful
708. 27:51i love trading every single day
709. 27:55so i will catch you guys here in just
710. 27:58a couple weeks when august ends with my
711. 28:00august recap and it's going to be very
712. 28:02laid back about
713. 28:04how it's okay to be sized down it's okay
714. 28:06not to be pushing yourself
715. 28:09as hard as you can be and it's okay just
716. 28:10to be comfortable you know a lot of
717. 28:12people say
718. 28:12oh you have to keep pushing yourself
719. 28:14it's it's not okay to keep pushing
720. 28:16yourself till
721. 28:16you physically get sick you know what i
722. 28:18mean there comes a point where
723. 28:20you have to back off the gas and that is
724. 28:22what i did here in august
725. 28:24after realizing that wasn't in the right
726. 28:27uh headspace so
727. 28:31that was my july very stressful very
728. 28:34grateful
729. 28:35for all the profits and
730. 28:38later guys