Trading Monthly Recap: October 2020 $126,800 — Transcript

Full transcript

1. 0:01what's going on guys jack kellogg here
2. 0:05october 2020 is in the books 126
3. 0:10758 dollars in profits
4. 0:15definitely one of my top performing
5. 0:17months of my trading career so far
6. 0:20phenomenal risk to reward ratio average
7. 0:23win
8. 0:24nearly 2 200 average loss 450
9. 0:28making 4x my average loser on
10. 0:32average with a near 70 win rate
11. 0:36so very very solid stats
12. 0:40the key was to focus on
13. 0:43opportunity that made sense to me and
14. 0:46not drift my focus
15. 0:47elsewhere there was a lot of noise with
16. 0:49some nasdaq's like jks
17. 0:52big runner that i avoided a lot of the
18. 0:55time instead of
19. 0:56trying to just keep nailing the top
20. 0:58because it was up too much and i was
21. 0:59just focusing on
22. 1:01my otcs and wbl lk and cy
23. 1:05and these really took the majority
24. 1:09of my month's focus and
25. 1:12pretty much made my entire month on
26. 1:14these tickers where lkncy
27. 1:16offered opportunity for the first two
28. 1:18weeks
29. 1:19and then nwbo offered opportunity for
30. 1:22the next few weeks
31. 1:26and the key was that i saw
32. 1:29what was happening and how these stocks
33. 1:32were forming
34. 1:33and i knew that they had potential to be
35. 1:35multi-day runners so i had
36. 1:38the right approach on how to trade them
37. 1:40um
38. 1:41so that i think was the key for me this
39. 1:44month
40. 1:44it's just ignoring a lot of the other
41. 1:46crap that
42. 1:48i can't find phenomenal risk to reward
43. 1:51on and i'm not as familiar with
44. 1:54um then you know the good old otcs with
45. 1:56volume that are following that
46. 1:58seven step framework where they go on
47. 2:01the supernova runs on
48. 2:02the multi-day extension very very
49. 2:05familiar
50. 2:07for me so here in september
51. 2:10is my first two red weeks of the year so
52. 2:12it was key on how i was going to bounce
53. 2:14back
54. 2:16and the first couple days coming into
55. 2:18the month i just wanted to make a couple
56. 2:19hundred bucks
57. 2:20there wasn't too many setups just wanted
58. 2:22to make a couple hundred bucks just see
59. 2:23green
60. 2:24start off the month a few hundred bucks
61. 2:26it's literally all i wanted
62. 2:28and then the fifth i made my first
63. 2:32four-figure gain in pretty much
64. 2:36two you know like this is a lot of days
65. 2:37here um two weeks
66. 2:39and some change so you know my last
67. 2:43four figure day was the 17th of
68. 2:44september and now we're on the fifth of
69. 2:46october
70. 2:48so as you can see here my losses were
71. 2:52big and my wins were just small
72. 2:54so i need to get back into the trading
73. 2:55where my losses are small my winds are
74. 2:56big
75. 2:57like they are here i'm losing 168 but
76. 2:59i'm making 8k
77. 3:01instead of here i'm losing 6 400 and
78. 3:02only making 168
79. 3:04so obviously my trading's flawed but i
80. 3:07went into
81. 3:07much more detail on september if you
82. 3:09guys want to watch that video
83. 3:10it will be the previous video before
84. 3:12this one on the september recap
85. 3:15so again october this week
86. 3:19lcan cy started and i'll get into the
87. 3:21chart after i get through all the
88. 3:23monthly stats in excel
89. 3:25but lcan cy started and i started
90. 3:28longing it
91. 3:29and went on a nice little run and i was
92. 3:31able to capitalize on
93. 3:33about 10k on the long side this is
94. 3:35pretty much all okay
95. 3:38and then big big day came
96. 3:42and i was prepared because i had been
97. 3:43padding i'd been getting familiar with
98. 3:45the stock
99. 3:46big day came my a plus pattern huge
100. 3:49volume decided to size into it
101. 3:51and traded it uh pretty spot on
102. 3:55now pretty much every portion of the
103. 3:58move except for um not holding long
104. 4:00enough
105. 4:01on the re-short i'll get into the chart
106. 4:03a little bit as i noted but
107. 4:06that gave me a lot of momentum because
108. 4:08now pretty much up
109. 4:1050k in the week and there's still three
110. 4:11weeks to go so my goal was just to keep
111. 4:14consistency
112. 4:15size up when the opportunity is there
113. 4:17and if it's not there just
114. 4:19focus on consistency so there's a few
115. 4:22slow days here
116. 4:23but there's still opportunity nwbo
117. 4:26started this week and lk was kind of
118. 4:27fading off
119. 4:29and uh eventually
120. 4:33nwbo gave a great long opportunity and i
121. 4:35nailed it
122. 4:37towards the end of the week here and
123. 4:38then nwbo started
124. 4:40and i nailed it short this day and this
125. 4:42is me just padding
126. 4:44and letting the big trades you know
127. 4:45really add up
128. 4:47and was able to focus it was able to
129. 4:50keep this consistency just on these
130. 4:51couple stocks here
131. 4:53and then the momentum kind of died down
132. 4:54and started burning out
133. 4:56and i had my first red day of the month
134. 4:58on the 30th
135. 5:00it was really burnt out from the month
136. 5:02and i knew there wasn't too much
137. 5:03opportunity
138. 5:05so i kind of stepped away here the 30th
139. 5:08and i'm started doing my
140. 5:10my recap of the month just reviewing my
141. 5:13trades
142. 5:14and entering in all the data and stuff
143. 5:16so
144. 5:18biggest profit 10x my biggest loser just
145. 5:21how i want it i want to be making 10x
146. 5:23my biggest loser whereas this you know
147. 5:27as you guys can see
148. 5:28my losers are bigger so this is great
149. 5:29when my winners are big and my losses
150. 5:31are small
151. 5:32with a great win percent too so
152. 5:36as you can see my average percent gains
153. 5:38it doesn't really matter um it matters
154. 5:40what the dollar gain is in my opinion
155. 5:42because i trade around the core a lot of
156. 5:43the time so i'm always in a small piece
157. 5:46i'm adding size when
158. 5:48i think it's about to do something i can
159. 5:49always take off and reevaluate
160. 5:51so the percent gain is never what i
161. 5:54strive for it's always about that risk
162. 5:56to reward
163. 5:57um focusing on how much i can make and
164. 6:00as least risk as possible and just
165. 6:02really let the small gains and then
166. 6:04eventually the huge winner add up
167. 6:09so to get into my
168. 6:13monthly review here otc 80 of the time
169. 6:16as you can see here on the left side
170. 6:18all otc um like i'm saying
171. 6:21lk ncy and nwbo take up the majority of
172. 6:25my first you know what is that almost 10
173. 6:27tickers
174. 6:28um there are 10 biggest gains so this is
175. 6:31just a really large chunk of my month
176. 6:33and then like i said a few more trades
177. 6:36here
178. 6:37brtxq little otc breakout
179. 6:40h-a-l-b another otc runner v-r-y-y-f
180. 6:44um otc runners but not as good as lk and
181. 6:46nwbo
182. 6:48more lk and nwbo and then the only real
183. 6:51nasdaq that
184. 6:52i was watching this month for a bigger
185. 6:55trade was wwr
186. 6:56but i ended up just botching that trade
187. 6:58and it was kind of tough anyway
188. 7:00so just for like sixteen hundred bucks
189. 7:02there the rest is really small gains and
190. 7:05then my loss is just super small
191. 7:07um you know just a handful of of decent
192. 7:10losses and the rest are just like really
193. 7:12small paper cuts
194. 7:13um so just really avoiding those big
195. 7:17losses
196. 7:18and maximizing on the setups best long
197. 7:21month ever and
198. 7:22why was my best long month ever with
199. 7:25about you know 70 000 going long
200. 7:27because i messed up huge going along
201. 7:29last month
202. 7:31lost 18 grand and that really propelled
203. 7:34me to get better at going long this
204. 7:36month because
205. 7:37through the most pain through the most
206. 7:38adversity that's when you're going to
207. 7:40grow the most
208. 7:42so i did take that big loss last month
209. 7:45but that was one of the best things that
210. 7:46could happen to me because now
211. 7:48i came back with my new best month ever
212. 7:50best longing month ever after my biggest
213. 7:52longing loss
214. 7:53uh new biggest long gains um on
215. 7:56nwbo and just really happy with how i
216. 8:00came back
217. 8:02my profit factor with a 9.91 almost a 10
218. 8:06lost about 15k and made 147.5
219. 8:09so very very good keeping my losses
220. 8:13super super small
221. 8:14like my gross loss is smaller than my
222. 8:17biggest loss last month just with that
223. 8:19perspective
224. 8:20um and i was able to make about 150k
225. 8:25so
226. 8:28super happy now we can dive into some
227. 8:31charts if you guys want
228. 8:33a little bit of chart action we got nwbo
229. 8:37here i'm gonna go over that second i'll
230. 8:38start with okay and see why
231. 8:40so lk was a nasdaq stock
232. 8:44um listed on the stock exchange and
233. 8:47basically
234. 8:47they cooked the books gapped down big
235. 8:50and then went into otc land this day so
236. 8:54we started a nice little run
237. 8:56got some nice trades back on it back
238. 8:58here and then
239. 8:59it's actually funny because we had tim
240. 9:02gertani on
241. 9:04twist which is this week in steady trade
242. 9:06it's a podcos
243. 9:07uh podcast hosted by me
244. 9:10matt monaco and uh kyle williams
245. 9:13so if you guys want to check that out
246. 9:15i'll leave a link in the description
247. 9:17and we were talking about how this
248. 9:20potentially could run into the
249. 9:21resistance from when it was a nasdaq
250. 9:22stock
251. 9:23and if we would look that look at that
252. 9:25for a potential play
253. 9:26back here and the stock did base set a
254. 9:29beautiful
255. 9:29double top here and then broke out
256. 9:34and ran right into that resistance um
257. 9:37that we were talking about here
258. 9:38where you know it's like 500 million
259. 9:41shares
260. 9:42between these two days and topped right
261. 9:45out there and had a huge crack
262. 9:48all the way off of it so very
263. 9:49predictable for
264. 9:52for us uh day traders it's almost like
265. 9:55uh
266. 9:55gratani saw this coming from you know
267. 9:58very
268. 9:58uh very far out a bunch of months back
269. 10:01um back here at the start of the month
270. 10:03so that was really cool to see and i was
271. 10:05super prepared i knew it was an a plus
272. 10:06setup
273. 10:07so to get into the intraday here 30 days
274. 10:11one minute
275. 10:18so just started trending up beautiful
276. 10:21price action we're in morning spike and
277. 10:22go sideways
278. 10:24another day sideways and then this day
279. 10:26just grinds up into a parabolic often
280. 10:29the top
281. 10:29on a lot of these otcs goes parabolic
282. 10:32into the close very similar to what cyd
283. 10:34i did the day before
284. 10:35it dumped as well and then had a gap
285. 10:39up fail into the resistance
286. 10:43crash down um basically just got short
287. 10:46in this range here
288. 10:48and i had a huge panic down to 450. i
289. 10:52covered a little bit too early i covered
290. 10:53some around five
291. 10:54480s even a little above five i think um
292. 10:57and then i bought the dip um from 460 to
293. 11:01round five
294. 11:03and then it it bottomed here and
295. 11:07i didn't trade it really at all i think
296. 11:09i re-bought some shares here but i was
297. 11:10out into this bounce again
298. 11:12then i left it alone here got a really
299. 11:15really good entry
300. 11:16on the bounce short because last time it
301. 11:18had bounced around
302. 11:20uh to the red to green level so i was
303. 11:22patient this time
304. 11:23didn't get short too early got short
305. 11:25with the 565 average 560
306. 11:28average faded off but since my average
307. 11:30was so good
308. 11:31um i was taking profits some in the 540s
309. 11:33and took out the rest down here in the
310. 11:34520s
311. 11:35and like i said i missed this fade here
312. 11:38which was a little frustrating because
313. 11:40this is another you know 50 cents
314. 11:43but it doesn't matter the next day um
315. 11:47got some more short and this was like
316. 11:48another 5k trade
317. 11:50but this all in all this day i think i
318. 11:53made about 35 000 on lk
319. 11:55which is like a fourth of my month right
320. 11:59there
321. 11:59just in one trade and
322. 12:03like i said just consistently padding
323. 12:04with these smaller trades on
324. 12:06these days and just trying to take take
325. 12:09it for
326. 12:10all that it's worth and then stop
327. 12:12trading it when it gets a liquid like it
328. 12:14is now like there's not much range now
329. 12:17very unpredictable um not much range at
330. 12:20all the last two days
331. 12:22but this is where you know i'll take
332. 12:24advantage of this nice nice liquidity
333. 12:26um traded
334. 12:30877k shares here at the bottom very nice
335. 12:33liquidity
336. 12:35uh very happy with this runner and how i
337. 12:37traded it
338. 12:39hopefully there's a lot more like this
339. 12:41another good one this month was nwbo
340. 12:44very cydy like where
341. 12:47has this bullish daily uh kind of like
342. 12:50bullish flag on the daily chart with
343. 12:52consistent volume
344. 12:53as you can see down here consistent
345. 12:54volume cydi
346. 12:58did the same thing where had its
347. 13:00original run
348. 13:01and then based nicely here
349. 13:04i'm consistent volume and then one
350. 13:07supernova so nwbo reminded me of that
351. 13:12and it was just a smaller time frame i
352. 13:14didn't consolidate as long as cydy
353. 13:17so i wasn't expecting as big of a move
354. 13:20but we still got from 80 cents to 250
355. 13:23which was great um another phenomenal uh
356. 13:26liquidity here uh 20 million shares a
357. 13:28day basically
358. 13:30and then down here traded 42 million
359. 13:32shares
360. 13:33so i'm working towards that
361. 13:37you know sizing up for what the
362. 13:38liquidity offers
363. 13:40on you know my a plus setups and lk and
364. 13:43nwbo are my
365. 13:44a plus setups so just working towards
366. 13:48getting better every single day
367. 13:51now to get into the intraday here
368. 13:54oops
369. 14:0020 days should be good one minute
370. 14:06same kind of thing as lk where we walk
371. 14:10up nicely grinds up
372. 14:14speeds up this day
373. 14:17and then we got that same kind of price
374. 14:19action where it
375. 14:20takes out the lows takes out the lows
376. 14:24like okay
377. 14:26um same kind of price action and then
378. 14:29fails to bounce
379. 14:30and gets this this huge panic going a
380. 14:32little bit choppier than lk
381. 14:34where it took some time before the panic
382. 14:35got going a very big
383. 14:38market cap it was worth over 2 billion
384. 14:40market cap
385. 14:41up when it was in the twos so
386. 14:45the stock did end up bottoming out here
387. 14:48and i played it long after shorting it
388. 14:51and then reshored the bounce and covered
389. 14:53back into these dips
390. 14:55so the same kind of thing as lk uh my a
391. 14:58plus set up the first red day
392. 15:00i'm just looking to capitalize as much
393. 15:01as i can on it and i think this day i
394. 15:03made
395. 15:0518k or something like that and
396. 15:10you know that plus the 35k on lk
397. 15:13and there is a majority of my month and
398. 15:16then
399. 15:17it's just wallet padding on the smaller
400. 15:19days i can still get a feel for it on
401. 15:21these days
402. 15:22it's still in play honestly in my
403. 15:24opinion
404. 15:25until it starts to get a liquid and have
405. 15:28no range
406. 15:28so friday very liquid not much range
407. 15:33and uh until that liquidity and that
408. 15:35range comes back
409. 15:37it's just going to be a no play now
410. 15:39we're gonna start looking for uh
411. 15:41for daily charts that are setting up
412. 15:43like this and move on to the next
413. 15:44supernovas and just keep taking
414. 15:46advantage of when that liquidity and
415. 15:48when those familiar patterns are there
416. 15:50and that's what it's all about guys uh
417. 15:54this is a shorter video but
418. 15:58um got some things to do today so just
419. 16:00banged it out really quick
420. 16:01like i said super super happy with
421. 16:05this month 4.8 uh average
422. 16:09winning trade to my average loser so
423. 16:12phenomenal risk to reward from 1 super
424. 16:15happy month to remember
425. 16:17a lot of good lessons coming off this uh
426. 16:20ugly couple weeks into one of my best
427. 16:23trading months ever so i will catch you
428. 16:26guys back here at the end of november
429. 16:28um a couple months left let's close out
430. 16:30the year strong
431. 16:31and have a good rest of your weekend