what's going on guys this morning really just fighting the trend fighting the
trend really doing some bad bad things and I wish I had something I wish I had
an excuse I honestly wish I had an excuse like my Internet's not working or
there's some something weird happen I wish it was a broker issue but it was no
issue today it was literally just me FOMO
fighting the trend being stupid trying to make a trade here on V KTX you'll see
it all go down live but this is probably one of my worst losers to date it kind
of is what it is I want you guys to see that you know even when you have a plan
even when you're trading you know thinking that you have a plan it doesn't
matter it doesn't matter how much you I don't know it I don't really don't know
what the moral the story is other than you know don't fight the trend don't try
to be a hero don't do what I did just don't do what I did and you'll be ok if
you would have not done what I did today you would have made a thousand dollars
instead of losing close to two thousand dollars so really that's the moral the
story don't do what I do in this video and you'll see it all live you know
you'll see the the epic fail of the day there we go let's get into it let's do
it I'm ready I'm ready bro be KTX pushing back up there to the six 70s are
we gonna get that spike up there the 6 70s got my own jumpin our 661 a little
early I'm gonna have some more shares to go a little higher like I see his pool
down there below six forty or six put it or other 673 seven get filled on this
ice and I got 2,000 shares there at 670 another 500 there at 681 that's pretty
much all my fill their first two pull back down here find some resistance
there six 80s come on baby wait for that $7 area to hold it down jump it out
there just breaking through that seven dollar area here so there it is down
some hundred eighty-five dollars there on BK TX whoo my son playing with fire
here jumping back in one more time on this last push see if we can't pull back
below $7.00 here let's break back down and get down to
this low six 90s try to get cover here 698 just to walk in 200 there we go up
out a little bit with the the read their way down $565 now we also got you one
making some crazy moves here this thing is all over the place you want about to
get halted on the way down here and so I think really with V KTX my issue this
morning was I had that 670 area in mind I was thinking okay I'm gonna short
there at 670 thinking we're gonna find some resistance there but you can see
this was just a really kind of strong move here back up to that resistance
there at 7:22 so really I think this wasn't really what I needed I needed
more of the parabolic you know straight up kind of move you know we were up a
hundred bucks on this a first entry here and I ended up adding another there at
670 and you can see it jumps just you know had that strength so I think a lot
of the shorts that were shorting there ended up you know getting squeezed out
as well try to get filled here a thousand shares there at $6.99
so getting filled there 720 I'm thinking this is gonna pull back right it's gonna
pull back the previous resistance there 635 air 735 area
all right 775 is my last stop there on this thing
maybe there's a pullback down there too 720's
get out for a little bit lower but it is showing strength here oh yeah
get out of it I'm over it Oh God thank you hundred dollars $1,800
boom $1,800 that's awesome now let's just look at it just going just want to
tear right now
seven 97 95 good thing I got out when I did huh Wow
well I'm definitely done for the day now Oh
so what's funny is earlier I actually thought about buying this dip here and
then I told myself that I shouldn't buy the dip I should short it which was a
terrible idea terrible plan actually so you can see I
mean just getting smacked today I mean I think the big issue today I think the
big issue today was you know there wasn't a lot of opportunity and I really
just screwed up I went hard trying to force these trades this is clearly a
long opportunity not a short so you live and you learn really I mean I'm hoping
that I learned something today but not really the video that I wanted to make
today and I mean to be honest I wasn't really excited about making this video
today or really didn't want to make this video 1800 our loss so you can see what
happens I mean really I should have gotten out way sooner here you know when
this broke above that 722 I should just got now write that in there but I was
just kind of being being stubborn and being greedy and you can see what
happens when you're stubborn when you're greedy this is what happens remember
this people remember when you're an idiot when you do stupid things this is
what happens and I did something stupid today did something really stupid you
know I sized up against the trend I was sizing up into the trend really there's
just no reason to do what I did today oh man Wow Wow look at vkt X now up
there to 940 I got out there at 774 hoping for you know a pullback but look
at this thing there's just been no pullback talk about going the wrong way
here Wow really using move seeing this you know be KTX
you know yeah I lost yeah I lost you know $1,800 on this trade but the same
part you know yeah I lost 200 yeah I lost too
you know yeah I lost $1,800 on this trade but this could have been you know
a three or four thousand dollar loss and that could have really you know kind of
ruined me I mean not that it would have ruined me I would still have been fine
but that could have really been you know just nasty nasty nasty so that's another
reason I tell people you have to be able to cut your losers
I definitely held my loser way too long and I should have cut out way earlier
than 775 I mean that was a 75 you know cent move I mean that that's just on I
can't do that you cannot be doing it like that can't be trading like that and
you know really I hope what I'm learning really what I hope the morale really
what I hope this comes down to what I learned here is if I'm gonna have a
strategy if I'm gonna be trying to trade you know that first small pullback it
opened looking for an opportunity look for momentum and that's what I have to
look for I can't go and be like oh you know well my there's no stocks there's
no stocks today that are working for my strategy so I'm gonna go change it up
and I'm gonna go short this stock because that's the only real opportunity
that I see so I can't you know I really cannot be thinking like that I mean vkx
this would have been a beautiful buy opportunity you know seeing this get
above the view app coming back down there holding the EMA's showing support
there at the seven dollar area I mean that was really the opportunity here
this is where I should have jumped in at long you know I I talked about it to
myself you know it's not that I you know I told I was actually considering going
long here but then I told myself no no I'm gonna go short because I'm not gonna
change it up I'm gonna change my bias but I should have changed my bias on
this you know not I'm not saying that this first trade was good or bad
obviously it wasn't a good trade but this trade really this was just
god-awful this was terrible terrible in every single way and I really should
have just been able to identify that everything was lining up here you got
the vu I've got the nine he made a twenty ma you got the trend everything
is so perfect there's ever single by opportunity every buy
opportunity was there every single buy opportunity every single one was there
guys and look what I did I ended up shorting into that breakout which was
terrible terrible terrible terrible terrible terrible terrible so that's
really what it comes down to you have to be able to identify opportunities even
in the moment you know I was emotional I had the emotion because I just lost on
this talk I had FOMO I was like no no I can't lose I can't lose I want to make
money I gotta make a video where I make money I can't have a good day no read
days so really that's you know the emotion kicked in there and I fought
everything that I should know you know I just threw everything out the window I
took all my experience all the rules all the everything it took the book and just
threw it out the window it just went out the window and yeah why I lit it on fire
then I threw it out the window and then I ran outside and stomped on it a couple
times just to make sure that the rules were broken that hard so really that's
what it was yeah I mean oh gosh so am i you know
I'm embarrassed I'm I'm embarrassed I'm regretful I've all these emotions you
know obviously it's just in the moment you just you gotta be able to you got to
be able to perform really about so it comes down to every single day you know
back on the computer back on the computer trading trading trading and you
know you might have one green day it's like oh I had a great green day
yesterday I made four hundred five hundred dollars today it's awesome you
can't you can't you can't go into the next trading day thinking well you know
I had a good day yesterday so I'll just relax today I'll just I'll just do
something stupid you have to perform constantly when you're trading like this
when you're trading like I do you know a lot of people kind of hate on the way I
trade stuff like that you know these the scalping trades but it works it works
when it works it works when it doesn't work you know when you break the rules
this is what happens you cannot break the rules like this when you're kind of
trading this strategy or trading this scalping strategy and that's really just
you know how it comes down to and that's really just what it comes down to you
know you have to be able to perform and today I did not perform and you know I
got sloppy and broke the rules broke every rule there was basically if there
was a rule for day trading I broke it and that's what it comes down to
you can't break the rules you can't not break the rules this I'm looking at this
now I mean hindsight's always 20/20 but looking at this now it's like what was I
doing what was I thinking so bad so bad and yeah I mean it's kind
of frustrating it's frustrating to you know see the opportunity I mean this
this would've been a two thousand three thousand dollar trade if I would have
just bought in here seven and held for that push to eight so there it is you
know I'm omitting it I'm admitting I was wrong I broke the rules you know I don't
think it was a problem with my strategy I don't think the strategy is bad this
wasn't my strategy this isn't part of the strategy this is not even what I
should be doing so I can't you know hate on my strategy because this is not
actually strategy this is just full-on gambling this is full-on bad trading
this is everything that you should not be doing and I did it again today I did
it again the FOMO was real I you know if anything is this morning when there was
no opportunities when nothing was really happening I was telling myself well you
know maybe there won't be a tree today maybe I'll just walk away with no trades
that's fine I'm totally fine with it and then I was like oh oh no maybe y'all go
short vkx that's a great idea haha great idea Patrick so really I had
to be able to not trade that's what thinkin comes down to I had to be able
to you know if their opportunities aren't there if the setups don't happen
I can't force it I can't go looking for a trade that's not part of my strategy
and this was not a part of my strategy so that's what it comes down to I
screwed up screwed up big time boys and uh you know it's part of it part of it
we're gonna live we're gonna live to fight another day kind of setup yeah
there it is I'll be back I'll be back tomorrow
Friday we're gonna come back we're gonna follow the strategy follow the rules
Patrick we're gonna do what we well we're gonna do we're gonna hold we're
gonna you know we're gonna battle this thing the BK TX is probably gonna pull
back at some point I'm probably gonna you know by the end the day and I
probably back to my entry probably back down to $7 with my look but you know I
hindsight's 20/20 hindsight is twenty-twenty hopefully you guys enjoy
seeing you know see my loser seeing me break down and see me break all the
rules so you guys can see and you know you don't have to go do what I did you
don't have to go break the rules to experience this you can experience it by
watching these videos and now you know if you break the rules this is what
happens what