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Trading Monthly Recap: March 2020 $76,500 — Transcript

by Jack Kellogg · 4,644 words · 609 segments · language en · Watch on YouTube

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0:00what's going on guys I hope all you guys
0:03are having a nice day off
0:05relaxing hopefully today's April 10th
0:08which is Good Friday and we got a day
0:10off so I'm actually looking forward to
0:13the day off I I just been super busy I
0:19moved last weekend so that's why I
0:20didn't get the recap that last weekend
0:22and the markets just been crazy been
0:25working super hard so a nice little day
0:28off is nice especially because I was
0:30having a little bit of a choppy week
0:32here had a break even dad Monday and
0:34then if some all right then on Wednesday
0:37and you know I'm okay with that it's
0:40just it's been crazy crazy I was all you
0:43guys know everybody who kind of came up
0:46in my generation you know started in
0:502017 late 2016 early 2017 it seems like
0:54everybody is having their best months
0:55ever and even you know the people that
0:58have been in the game for like 20 years
0:59are having their best ones ever just
1:00because there's so much volatility
1:01everywhere and it's really nice to see
1:03all of us killing it which is really
1:06cool but we just need to you know
1:08realize how blessed we are to be able to
1:11do what we do right now and just stay at
1:13home while so many people are getting
1:15unemployed six point six million people
1:17are unemployed and you know we have the
1:19ability to really capitalize on our
1:22career and make pretty insane money I
1:25mean I'm doing really well I mean 76513
1:33he did 10x what I did so that just kind
1:36of shows that I'm still very I'm not um
1:42anything any hotshot or anything I'm
1:47just you know a normal trader and this
1:49is this is what I believed I could do
1:51you know what I mean make thirty seven
1:54hundred a day on average which is really
1:56cool but you know there's traders
1:58averaging 20 grand a day 30 grand a day
2:01who have been around for much longer
2:03than me so just got to stay humble even
2:06though I made a bunch of money this this
2:08month past month other than that I
2:11wanted to that
2:13fully dive into what happened these two
2:15days and that was mainly the stock APRN
2:18and it was just such a high high odds
2:21setup and I had just been streaking so
2:24good previous weeks so I really went in
2:29for these two days and I got a little
2:32emotional I'm not gonna lie on the 18th
2:34I mean my first mistake of the year my
2:36first my first red day over a thousand
2:40you know my first red day over a
2:42thousand so it was pretty bad I mean
2:45everybody makes mistakes but I'm not
2:47gonna hide my mistake you know what I
2:48mean I lost sixty seven hundred dollars
2:51which is not a very good day as you can
2:54imagine but you know then I rebounded
2:57very nicely the next day because then
2:59not this setup got even better which I'm
3:02lucky about because could have been bad
3:04if the stock died without me and that
3:06could have led into formal trading and
3:08I'm just realizing how things can go
3:12down a bad path if you let one thing
3:15snowball like that's why I'm so keen
3:18about always staying near my eyes on my
3:21equity growth because I'd rather break
3:25even then take huge losses up and down
3:28like I don't want to be losing four
3:29grand making a cur and losing seven
3:31making four I want to be either making
3:35money or losing a lot less than I'm
3:39making so just something to think about
3:43if you're trading is making thousands of
3:46losing thousands it's very hard to
3:50emotionally handle that at least for me
3:52I I'm very keen on sideways or up
3:57trending so that's why I've I've tried
3:59I've stressed this for over a year now
4:01is that you really just need to take
4:04small losses in this game because the
4:07markets not always gonna be like this
4:08where I can make thousands and thousands
4:11a day so when the market does slow down
4:14the people whose keep pushing are the
4:17ones that are going to lose a lot of
4:18their profits you just need to take the
4:20market for what it is there's always
4:23going to be some kind of opportunity but
4:25there's not
4:26be you know massive opportunity where I
4:29can really scale up and test my
4:32abilities that I've learned throughout
4:34the last three and a half years so to
4:38get to the month a little bit it was you
4:41know leading up to it
4:43I made twenty two thousand five hundred
4:45forty seven thousand and now I made
4:47seventy six thousand five hundred spent
4:51a really good first quarter of the year
4:53all Green weeks and you know my win
4:57percent sixty four sixty five percent I
4:59think that's perfect a little bit lower
5:01in January I was trading a little bit
5:03less sighs in January but I strung
5:05together this huge trade on our ivx and
5:10that got me going guys that got me going
5:12and then uh I nailed a Tesla short for a
5:16Nasdaq trade and then I just kept that
5:18momentum going and all these multi day
5:20runners I noticed they traded just like
5:22OTC and I really understand I understood
5:25the framework of the trades and what
5:28they should look like so that's kind of
5:31how I've just built this momentum up
5:32throughout the last you know three three
5:35months and now I kind of feel it the
5:37markets slowing down a little bit look
5:38you just need to look at your stats I
5:39only made fifty four hundred dollars
5:42this week and if you see you know I'm
5:45making five figures pretty much every
5:49week here a couple of slower weeks but
5:52five figures so I don't know what's
5:56gonna happen but I always want to be
5:57ready for the market to slow down like I
6:00always I always want to be playing the
6:02safe approach we're like or I'm planning
6:04on it to slow down if it doesn't slow
6:05down then just get back on the horse and
6:07keep going well always you know at any
6:10first sign of like this day I was I was
6:15like okay take step back to you step
6:16back but then I just refocus because I
6:18knew the setup was there so let's see
6:23here so average win about 1200 and my
6:27average loss is going up if you can see
6:29here about my average loss is getting
6:31about double every single every single
6:33month so that's how quickly I've been
6:35able to scale up so you you know start
6:38with a hundred dollar risk
6:39together something move your risk up
6:41string together something bigger movie
6:44risk up more stirring something bigger
6:45it's all momentum for me guys and that's
6:49really what I want to stress is just
6:51this is just momentum game to me this is
6:53basketball this is you know you got to
6:55keep the momentum going
6:59biggest profit twelve point six on APRN
7:03biggest loss six point three on a PRN
7:04winning 85% of my days that you know if
7:08you see here I've had three days that's
7:11one thing that I've noticed throughout
7:12the last three months is three red days
7:15on every single month and a big oopsie
7:19here so we'll get into that just some
7:25average gain percent gains here nothing
7:27too crazy other than that that's about
7:30its dive into the monthly recap here so
7:37first things first trading 80% Nasdaq
7:42that is crazy to me I'm if you asked me
7:46a year ago I would say that's that stock
7:48list it sucks I hate it OTC s are only
7:51only thing I'll trade but you know I've
7:54stuck with it and I kept learning even
7:57though I was frustrated and that's key
7:59to like even if you guys are super
8:01frustrated everything like just the
8:02willingness not to give up just like
8:04that's sick sickness in your mind to
8:06show up every single day and no matter
8:08what it is like you really just need to
8:09be in love about what you're doing
8:10because if I wasn't in love with always
8:13there anything like I'm always trying to
8:15literally like every single day I'm
8:16trying to get better no matter what once
8:19again going long and short 50/50 which
8:23is really good I don't want to be overly
8:24biased I'm pretty sure I said those
8:26exact words last month
8:28Nasdaq and OTC went for Sun 6464 solid
8:32and then short 77 long 52 so I did a
8:37little bit better shorting I feel like
8:4070 75 so where I should be and then my
8:42lungs should be around 55 to 50 to 60
8:45ideally 55 to 60 that means I'm trading
8:47better and if this is 75 to 80 that
8:49means some training fighters well
8:51overall 1% 60
8:53overall Pinot 27,500 before my borrow
8:56fees so I was only able to spend a grand
9:00in borrow fees which was really good
9:02actually pretty surprised with the
9:04amount of shorting that I did but I've
9:06used each trade a lot you trade how to
9:08shares a lot guys you know he trades
9:11been lagging a little bit at the open
9:12but other than that he trade you know
9:14really just save me a lot of money
9:16rather than reserving shares at Cobra so
9:22let's see average week fifteen thousand
9:31five hundred and say five point five
9:35point three tea products after and
9:36that's kind of what I've been averaging
9:37through the last couple months is that 5
9:41to 6 range so really good long profit
9:45factor actually better better this month
9:48of four point seven so there's some
9:50really good long Phillips that we'll get
9:52into mainly yeah see ydy I nailed I
9:58actually took a pretty big position size
10:01over the weekend and they're on the news
10:03you're not over the weekend on a Monday
10:06a couple of 3:31 so about like two weeks
10:10ago and got a really nice gap up so
10:14nailed that PC TL long that was a good
10:16one too
10:17so my lungs were better this month which
10:19I'm pretty happy about and I suffered
10:21that 6k loss Jordan but if I didn't
10:23suffer that 6k loss shorting like my
10:26shorten would just been insane and oh
10:29wow average long profit about 836 and I
10:34first lost 189 so really really good day
10:37and you know finally my average short
10:42loss pretty pretty large because of the
10:44big 6k loss but my win percent is super
10:47high so really good really good month
10:51shorting it just all around really good
10:53trading so I'm super happy and once
11:00again now I'm having more four-figure
11:03gains making this more of a single kind
11:05of trade every
11:06single month east if you look up in
11:08January here I had no four figure gains
11:12right so and then you know some here and
11:17then March just you know this is this is
11:19what adds up right here all these look
11:21at all these thousand dollar trades this
11:24is what adds up because these are just
11:26lower risk kind of trades you know I'm
11:28probably risking two or three hundred
11:29dollars and I can just consistently make
11:31a grand or more you know that's really
11:33gonna add up and then you scale into
11:35those five set up you know those once a
11:38week set ups that are a plus plus the
11:40ones that you're super familiar with
11:41those are the ones you scale up and
11:42maybe it's okay to risk 3x we normally
11:45risk or two X where you normally risk on
11:47a super ideal play but just being able
11:49to hit the singles being able to keep
11:51your mentality strong being able to you
11:53know stay focused these are what these
11:58are almost more important because then
12:00these will set you up for these is what
12:02I'm trying to say
12:03and then just all these little ones and
12:07then some smaller losses here and you
12:10know I messed up a few times on you know
12:14had some bad shorting losses here so
12:18we'll get into that let's see over
12:22everything so yeah that's about it so
12:25I'm gonna dive into some charts just for
12:28you guys
12:28so a PRA this was a big Nova so we
12:35started at two bucks and as you can see
12:38just low flow kind of action held
12:40together and then we got this gap up and
12:44I didn't trade it all this day a dip
12:48trips just some low flow action and then
12:52the third Green Day is where I got
12:55interested in shorting some and this is
12:58the day that I got a little bit screwed
13:00over so as you can see there's a very
13:04clear line here at ten bucks
13:05very very clear resistance level and
13:09when I kind of slammed down at the
13:10opened I started shorting a few of these
13:14pops around here and then this is really
13:16what what tricked me I mean I
13:18it's massive push where it should have
13:20squeezed maybe and you know a decent
13:23amount of stuff volume so I was like
13:24alright there's so many tops up here $10
13:26is a very important level to risk and
13:29slam down and I was adding a bunch right
13:31here and you know I had to grind risk I
13:34think I had 2500 shares from a low nine
13:37average and I was looking for this thing
13:40to go back to you know seven six maybe
13:43and boom it just squeezed and then I
13:45took a little bit of slippage on because
13:48it's so quick and it's a low float so I
13:50took a little bit bigger of a loss and I
13:52wanted to and then unfortunately our
13:57event traded this entire run right here
13:59or I think I stopped out maybe somewhere
14:02around here which is really good and you
14:05know I just realized that I was making
14:07mistakes because I was revenge trading
14:09some of this and I was just shorting all
14:10over the place and covering just
14:12terrible revenge trading and I made my
14:14loss towards three times worse just by
14:16revenge trading so just for future
14:18reference when you guys do take that
14:20that max loss that you know that decent
14:24amount that makes will make you
14:26emotional like sometimes it's just our
14:27to shut down for the day and go do
14:30something else because I would have
14:31saved money certainly and came back the
14:33next day when more prepared because I
14:36would definitely most prepared the next
14:37day obviously since I did really good
14:40but I definitely was super super nervous
14:44since I had put myself in a hole and
14:46it's it's key how how you react after a
14:50big loser in my opinion like I was
14:53saying earlier earlier the snowball
14:55effect is really what you got to watch
14:57out for so this thing squeezed luckily
15:01squeezed all the way up to 20 bucks had
15:05a hard dip into the closed trap some
15:07more shorts and then we got the massive
15:12gap up and this is where I capitalized
15:15so coming into the day I wanted to be
15:20super patient on my entry because I want
15:25to I want to
15:29I want to make money on the stock on
15:31like a quick spike and a quick poll
15:34that's very predictable I don't want to
15:36be chasing weakness at all like I did
15:38yesterday and getting into a big
15:39position sighs until we're really
15:42confirming underneath vo op as you can
15:45see we weren't really confirming the
15:47previous day over it was kind of holding
15:48you know around this area where this
15:50clearly had failed and pops4 failing
15:53right here so I didn't want to touch it
15:56out of the open because as you're gonna
15:58see the volume right here is very low so
16:00I was trying to figure out you know what
16:03was going on and then some bonk came in
16:05and they stuffed and they dipped it and
16:06I noticed the last few days on it the
16:09dips were holding out of the open and
16:11then we were getting that initial
16:12squeeze because shorts are chasing and
16:15then they get squeezed and and then I
16:18saw you know three tops right here and I
16:22put on a few shorts and I simply just
16:25covered half into this immediate pulled
16:29back so now if I had to stop out over
16:30this 29 area then I would be breakeven
16:34and I could be attack higher but I just
16:35wanted to dabble a little bit just to
16:37get comfortable with the trade whereas
16:39on Nate from I you really talks about
16:42this and this is kind of my style to is
16:45I really just like to put on I like to
16:47dabble and then I like the scale once
16:50I'm proven right and you know I don't
16:53have a problem scaling quickly once I'm
16:56proven right but I like having a very
16:58small piece on and just really failing
17:01out feeling out the trade because often
17:03times I find if I just take one stab and
17:07it doesn't go right I'm gonna try to add
17:09add to my position I'm gonna try to fix
17:10it would rather if I take small size
17:13then I can just be reactive to the trade
17:15rather than feeling emotionally
17:17connected so I just like to dabble
17:20really small size I like to lock in
17:22profits I like to at least be green on
17:24the trade even if it doesn't work for me
17:26so my goal always is to be green on the
17:29trade just by taking advantage of
17:31selling greed and buying fear just
17:34simply shorting a pot hovering a dip and
17:36then if I'm if my trade thesis is proven
17:40right on the the bigger picture move
17:43then that's where I can scale so I'd
17:45covered some here and then we got the
17:47wash right here and then I'm thinking
17:48all right we just cracked from we just
17:51cracked ten bucks so the stock is
17:53extended from two to thirty bucks now so
17:57kind of when it popped back that this is
18:00when I started scaling and I had pretty
18:03much a stop on the 24 25 area with at
18:07least most of my shares I probably would
18:09still keep a piece just depending on the
18:11action but this is you know really where
18:14I scaled and then I was just taking
18:17advantage and I was adding more here and
18:19then I don't really know what's gonna
18:21happen so I'm covering depth slowly
18:23along the way so I can stay patient and
18:25you know that's why I like I like over
18:28sizing into this area right here because
18:31I'm not risking this up here on all my
18:33shares I'm risking some just if it
18:35starts holding and I'm not right these
18:36are conviction ads right here which is
18:39how you're able to maximize your winners
18:43and Nasdaq how at least I found is you
18:45need to be adding conviction size once
18:48the odds are that you are right and
18:50there's a very high probability that
18:52you're right and then always take off
18:55into the dips and when it starts to hold
18:57so I'm covering all the way down and
19:00then I had some left here and then once
19:02this gap down I'm like okay this thing
19:05just gapped down four bucks so this is
19:07probably the bottom it's down from 30 to
19:08you know ten bucks and this is where I
19:11mean here's my exact line from yesterday
19:13I'm where the highs were and this is
19:15kind of the idea where I had that I
19:16wanted to cover anyway so obviously I'm
19:19not able to nail twenty nine and ten
19:21because not every time it's going to
19:23play out as picture it's picture perfect
19:26at this this time but I'm able to then
19:30capitalize on going along so then the
19:33stocks down from you know thirty two ten
19:35and I'm over covering my shares so I'm
19:38covering and I'm going long because
19:39there's a chance that it's gonna bounce
19:41and then we got a really nice bounce on
19:44with the 14 which is you know forty
19:46percent bounce so just being able to
19:49lean and some people won't be able to
19:50think that quick where it's like okay
19:52now I need to go long and just being
19:54able to trade the momentum of
19:56the stock that's kinda you know I want
19:59to be training the momentum like my
20:01process and my strategy I feel is a
20:03little bit different from people's where
20:05it's not I don't have a set criteria I
20:07don't have a system that I do everything
20:10correctly it's more of an art and
20:12trading that's how I feel it's way more
20:13of an art so you know my my process my
20:18system is trusting myself with the
20:19information that I am given I need to
20:22make the right decision based on the
20:23price action based on the tape on what
20:25other people are studying based on the
20:27fundamentals and then I need to take all
20:29this information and develop my own
20:30thesis and trade my tight risk
20:34management and then be able to scale all
20:36my winners so a little bit of a rant
20:39there but I hope some of you can kind of
20:42see my mindset on these NASDAQ stocks
20:44because that's how I have recently found
20:47success trading them I don't I can't
20:51trade them with wide stop small size all
20:53the time because I really just like
20:57scaling on these multi day runners
20:59because the moves are just pretty insane
21:02and I understand these move because
21:04these are like OTC charts right to 230
21:10and you know these are the charts that I
21:15do the best on and then I'm able to
21:16capitalize on you know dip buys
21:18throughout this area and you know apt
21:21still such a great mover oops
21:26apt like the same exact pattern and you
21:30know I even did good on the stock over
21:32here just because I'm super familiar
21:33with it I assured that this day I
21:35shorted it this day and held ever night
21:38so able to capitalize very very nicely
21:41an apt it will capitalize on the Green
21:43Day's too and just kind of understanding
21:46the the framework and just the daily
21:49candle movements where's CL SK right
21:52like these are a lot of this is the
21:55other big big-time Nasdaq strategy
21:58shorting the d1 gaffers would you know
22:00the the toxic stuff and you know we you
22:03got the fade from for to you know 150
22:05which is amazing amazing percent return
22:08so these are
22:09good - but it's just I'm more
22:13comfortable than multi-day runners since
22:15I've I've traded them a lot more and I
22:18feel like the odds are a lot higher on
22:19multi-day runners I could be wrong I
22:22mean a lot of these gaffers are a lot of
22:25these gaffers um really die but they can
22:29since there's so much since there's so
22:32much more less extended you know what I
22:34mean like this thing gapped up yeah got
22:36them massively but the multi-day runners
22:39I think the odds of them going of them
22:45giving a big move is a lot higher
22:48because of the amount that they're
22:53extended in the days that they're
22:54extended so and then it was really cool
22:57to as WT RH was actually moving with a
23:01PRN so this was a really nice one and I
23:04this one up excuse me for the
23:08swear word but I really screwed this one
23:10up and I think I could have done way
23:13better on this one but you know I still
23:15locked in some really decent gains on it
23:17but you know I'm gonna be super prepared
23:20for the next sector now that I've seen
23:23Ino you know these were all my big
23:27winners these massive multi-day runners
23:29that's what I do best on so I'm gonna be
23:32super prepared for the next one you know
23:34I'll be excited but for right now I'm
23:36just kind of happy we have a little bit
23:38of a break from the market being closed
23:42and everything and I don't even know
23:44what the point of this video really is
23:48but I'm just reviewing my month and kind
23:50of just spitting out some things that
23:52I'm thinking of so I hope that you know
23:55maybe you could take something from this
23:56which is always good and then I'd also
24:00do these so I can personally look back
24:02and you know maybe it's going to be a
24:03year two years down the line and just
24:05kind of see what I was thinking at this
24:07certain time and you know I recommend
24:09you guys do something - like this is
24:11kind of like my journal and I'll share
24:13it with people because that's been one
24:15of my goals since the beginning is to be
24:16a super transparent trader I want to you
24:19know my ultimate goal is to reach a
24:21million dollars in profits and do
24:23transparently from the beginning you
24:25know I made a video when I lost all my
24:27profits on HEA our before anybody even
24:30knew my name and that's how I've always
24:33been you know I want to share my process
24:35with everyone so everybody can see and I
24:38just think that's how I think that's how
24:42you can learn better is sharing
24:44connecting with people and you know I
24:46don't want to be that lonely trader
24:48who's just sitting in his darkroom just
24:50trading you know I like talking to
24:53people so I'm always going to be super
24:55transparent with you guys I don't scare
24:57you guys can see all my numbers you guys
24:59can see everything that I see I post all
25:01my trades on prophet Li you know I
25:03really don't care so just just watch my
25:07process take what you guys want from me
25:09you know what I mean if you think that
25:10I'm saying something and it makes no
25:11sense like good you know I'm not perfect
25:14I'm not the best trade in their world
25:16well if that one thing maybe that can
25:18help you with sticks with you and take
25:21that one thing from me I'm not don't
25:22like copy my entire process because it's
25:25not going to work for you I found what
25:26worked for me so take take what you want
25:29take the little things and use them to
25:31your advantage that's basically what I
25:33would do with all the you know the
25:35successful traders that are transparent
25:36out there is I take one two three maybe
25:39five things if it's Tim Kotani from them
25:42but other than that you know nobody's
25:46perfect I see people make mistakes and
25:47if they're doing something I don't agree
25:50with like I'll be like no so if I'm
25:55doing something here don't take
25:56everything that I say for you know to
25:58heart that's basically what I'm saying
25:59but other than that I'm gonna go ahead
26:01and end it here guys I hope it wasn't
26:03too discombobulated or anything hope all
26:07you guys have a great weekend I will see
26:10you guys on my April recap decent little
26:12start here up 12 grand so you know my
26:15expectations aren't too high I'd be
26:17happy with a 20 grand month you know 30
26:19grand maybe 35 is kind of when I'm on
26:21track for seems like so it's just going
26:25to keep taking it one short at a time
26:26see you guys back if you're in April

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