Immediately is a purple day recap, again within the saddle and within the purple.
So, it was a inexperienced day earlier than I bumped into DCFC and I’ve a couple of thousand {dollars} of revenue in my most important account after which revenue in my retirement.
Let’s have a look at the day the way it unfolded and the way it ended. So it started with NVCT. This was the primary one which I traded. And this was a inventory that you just guys had yesterday, strong momentum. I imply, actually this was fairly superior. Halted up, squeezed up, pulled again after which ripped again to a halt up, dip and rips as much as eight, pulls again after which rips as much as 10.35.
One other a kind of shares that moved fairly rapidly, however did on this case give some good pullback entries. So this morning on this candle proper right here because it began to spike up, I jumped in about midway up on that candle. I purchased excessive, I stuffed 2,800 shares of a 5,000 share order. And that was in my most important account and took about 30 cents of revenue off the desk, $989. Then I noticed I used to be in my most important account, switched to my retirement and added again.
So the issue on this one is that mainly it had two inexperienced candles after which half-hour of sideways worth motion earlier than breaking out only for a second after which promoting off arduous. And that’s irritating. I traded it by this worth motion, dip trades off of $8, psychological help. It maps again as much as 8.46. I imply, that’s a pleasant vary, 50 cents. Drop again all the way down to the VWAP, again up right here to eight.50. Off the VWAP once more, again as much as 8.40. Off the VWAP once more, held into the open for an extended and searching for a retest of the premarket highs, hit a excessive of 8.61 after which flushed.
So it went purple on this commerce, went from up about 5,000 on the day to up, I believe perhaps I don’t know what it was. After which acquired again in for the purple to inexperienced and misplaced on that one as nicely. After which purchased at 7.29 false halt down, however it ended up being an actual halt. I believed it was going to be a false halt, it ended up as an actual halt. After which it bounced again as much as 7.75 or so on the resumption, 7.65. So I completed up 2,500 plus a thousand, so 3,500 roughly on this one. Inexperienced, however not like loopy good, fairly uneven and unlucky it didn’t maintain up on the open. Disappointing. Writing on the wall maybe.
SOPA, this one squeezes up right here halts up at 5.12 opens excessive, sells off again to 4.80, then rips again up excessive a day entry proper right here, 5.44. Bought going into the halt 5.64, about 20 cents. I took the entry proper there for the squeeze, opens, faucets that stage for only a second, pulls again, comes again as much as 5.80 after which sells off once more. So a thousand bucks on SOPA. After which PIK, PIK pops up on the scanners and I noticed two million share float. I jumped in at 5.30s roughly. Let’s see. This candle hit a excessive of 5.40. It did drop down right here for a second, however then popped up, dipped down to five.20, then again to five.50. After which on this candle flushed all the best way all the way down to 4.78, I misplaced 3,800 bucks.
At that second. I used to be as much as solely $150 on the day between the 2 accounts I used to be like, “All proper, that’s it. I’m accomplished.” After which desperation and FOMO kicked in. DCFC halts up proper right here at 8.42. It resumes excessive. I watched the dip. I attempted to punch the purchase button proper right here on this candle and I didn’t get stuffed, however first candle to make a brand new excessive. It goes to 10.95. FOMO lengthy at 10.50. I by accident purchased 9,000 shares. I offered it going into the halt at 10.95 up 4,500. It rips up right here after which I added again at 11.50 proper right here for the primary one-minute candle to make a brand new excessive.
It hit a excessive there of 11.90 so I used to be pulling again. So I acquired again in. Possibly it wasn’t 11.50. Possibly it was slightly decrease than that, however in any case, common I believe was round 11.32 after which it offered off to the VWAP. I averaged down at 10.30, 10.40. First candle to make a brand new excessive popped again as much as 10.85. And when it broke again right here, I reduce the loss and I needed to. So identical to that I misplaced 15,000 on that commerce, gave again the 5,000 I used to be up and I’m down 11,000 on it.
So right here’s the factor. The primary micro pullback was nice. I missed it. I then took the lengthy, similar as on SOPA for the breakthrough the excessive, offered it. After which I added again for the break of 11, however I acquired stuffed, I believe, slightly excessive. I don’t bear in mind what I did on this commerce, however then added again proper on this space for first one-minute candle, I used to be searching for a breakthrough 12. And it was too excessive. That was the third pullback. I see it now, however within the second I didn’t see it. And that’s all the time robust buying and selling. It’s simple to see issues in hindsight. Every part can look so apparent, however within the second particularly once you’re buying and selling on the tape and stage two, you may lose sight of that.
So I’m glad I reduce my loss the place I did at 10.30. It went all the way down to a low of 8.30. So reduce the loss, however sadly I’m purple right here on the day. So I’d really seize my metrics right here. And it is a adequate time to type of take slightly step again, have a look at my metrics for the month. Kind of see the place am I at? What’s been working? What’s not working? So I’m simply going to export my knowledge so we are able to check out it actual fast right here. Let’s see. So this’ll simply take me only a fast second. So from the primary by at this time and desperation kicked in slightly bit right here as a result of at this time was my sixth or seventh consecutive inexperienced day, was and as quickly as I went and purple, “No means. I’m not going to let this smash that streak.” And that was a part of averaging down as an alternative of simply reducing it rapidly.
It was that frustration and it doesn’t take a lot. Disappointment from lacking the transfer yesterday after which it simply compiles is what I meant to say. All proper, so this might be as of yesterday. I don’t know if I’ve every other trades in my most important account thus far on the month. Let’s see. So, all proper. So these are my metrics there and I’m simply going to examine my different account actual fast to see if I’ve any trades to import. I’ve at this time, however that gained’t be out there till tomorrow. No trades but. Okay. So I simply have my most important account. All proper. So let’s see. So let’s go into, nicely, let’s have a look at overview. Let’s have a look at the final, this primary.
So the final 90 days, you would see clearly. I actually can’t complain. That’s $1.5 million in revenue and I’ve given again slightly off the highest. Yeah, clearly, however I actually can’t complain. So the final 30 days, all proper, because of this I complain a bit. I used to be up 2.95 after which misplaced 100 off the highest, 1.93. And have now bounced again to 2.38. So I’ve made again, $40,000, 45,000. Effectively, however at this time I’m down 11,000. So the final couple purple days had been 38,000, two $38,000 purple days. This one was 16. This one was eight. So at this time is a smaller purple day, which is [inaudible 00:08:52].
Oh, and let’s have a look at the calendar right here for one second. So the calendar, yeah, at this time was the seventh consecutive inexperienced day after that purple streak proper in there. And I actually needed to complete at this time inexperienced, however I couldn’t. So, let’s see. So we’ll go from February 1st. So, fairly fast base hits this month. I used to be solely up 7,400 in gross income. So it’ll be down about 3000 on the month. I haven’t had very many buying and selling days clearly. That is solely the fourth buying and selling day for me as a result of I missed Friday and Monday. So fourth day in, however you may see these positive factors are small. Common every day acquire solely 2,500 bucks. Common winner 500. Common loser 114. Accuracy 71%. Effectively, that was nice till at this time once I took a $15,000 loss.
So my revenue/loss ratio goes to be fairly poor proper now, which is disappointing. So that is for positive one of many longer stretches that I’ve had not too long ago the place issues have been gradual. I’ve been maintaining my head above water. I’ve revenue, 52,000 right here and accuracy is sweet 72%. Accuracy at this time remains to be good. Accuracy at this time was incredible. The issue is that I had six small inexperienced trades or seven after which caught an enormous loss. And that’s what retains occurring. And that’s talking to one thing that’s, after all, out of my management, which is the better market, the market that we’re in.
And so I’ve had intervals the place issues have been gradual. This isn’t by any means the primary time. I’ve been buying and selling for a very long time. So I’ve had intervals the place issues have been gradual and we’re in a single proper now. This was a draw-down ultimately of January, rebounded slightly bit final couple days. After which flat going into February solely three days, 4 days now into the month. So now down like 4,000 or no matter {dollars}, 5,000 on the month. In a sizzling market, it’s like nothing.
A sizzling market, that’s one good commerce in a single second, might be out and in in up 5,000. However we’re not in a sizzling market proper now. We’re in a market that’s fairly previous. And on this market, we’ve seen some alternatives should you’re prepared to be fast, get in, get your base hit, get inexperienced and get the heck out. And on this one, your first pullback labored, your second pullback labored. After which because it began to type a five-minute setup, it failed. On PIK, that one, the primary pullback actually didn’t work tremendous nicely. In all probability simply not sufficient quantity on this with no clear catalyst. It hit the scanners, however simply wasn’t robust sufficient. Immediately wasn’t the correct day to concentrate on that kind of.
But when we swap to NVCT, this one clearly micro pullbacks on this space right here eight after which 8.50, present some alternatives, dips off the VWAP and beginning to get slightly uneven. So that you’ve simply acquired to get inexperienced and get out. Get inexperienced, get out. Don’t overstay your welcome. Day-after-day that I’m overstaying my welcome I’m ending the day purple on this market. So there’s a approach to commerce by a chilly market and keep inexperienced. And I’m doing it. A part of that’s making some cash and giving some again. Making some cash, giving some again.
I imply, it relies on the place you say the chilly market began. In case you say the chilly market began on the thirteenth yr. I’d say it was chilly the start of January and even the tip of December, however I simply managed to commerce higher. However my purple streak began on the thirteenth. So we return to January thirteenth. On this interval right here, that was a inexperienced day so we’ll begin on the nineteenth. We’ll begin on the primary purple day. So on the primary purple day there, so on this stretch right here you may simply have a look at the metrics of this chilly streak. So misplaced a couple of hundred grand, made again slightly greater than half, however misplaced 11,000 at this time. So I’ll nonetheless be down 66,000 versus the highs.
It’s a internet revenue, however the accuracy right here is 70%. The accuracy’s good. That revenue/loss ratio, horrible. And so what that’s is 5 small inexperienced trades after which a commerce the place I get in too excessive, I don’t reduce the loss, I common down the following factor, large loss, $30,000, 40,000. Greatest loss 37,000. Greatest winner 21,000. Losers are longer than the winners. Holding the losers too lengthy. Slightly little bit of hope and prayer there. Slightly little bit of desperation. In order that’s not nice. These aren’t nice metrics. I’m not going to disagree with that. If somebody’s going to be vital, I’d counter that there isn’t a technique that doesn’t have some interval of consolidation or decline.
Like proper right here there’s a pullback, proper right here’s a pullback. There’s no technique that doesn’t have some pullback days or some flat days or breakeven days. The one folks that earn money each single day are the inventory brokers who earn money on the commissions and aren’t buying and selling. However merchants, we take danger and it’s important to be prepared to take danger. Now, in case I didn’t already say it. My outcomes usually are not typical. Buying and selling is dangerous. Whereas I’m speaking a couple of purple day right here, I do have loads of revenue that I’ve been capable of construct for my account. If I’m going to brag for only one second to offset all of the speaking about my losers, I’ll return acted January 1st, 2017, which is once I began with lower than $600 in my … Over 10 million in gross revenue.
So this momentum technique that I commerce, that’s 18,000 trades over 5 years. This technique works very nicely, however the actuality is there might be intervals the place the market is hotter and intervals the place the market is colder. In order that’s going again to 2017. You may additionally say that from 2017 by at this time’s date, the market typically has been robust. And whereas that’s typically true, it doesn’t imply that there weren’t intervals like right here, right here, right here, definitely right here, proper in right here and right here the place the market dipped. And we’ve acquired one other one proper right here.
Now my buying and selling often might be higher when the market is stronger as a result of small caps will usually be stronger if the market is especially weak, however it’s pure that that’s a rising tide that lifts all ships or a falling tide that lowers all ships, should you invert it. So sure, throughout a colder market within the general market, small caps will usually undergo, however you continue to had an incredible alternative. Yesterday I had NVCT. No matter what the general market is doing, you’ll have anomalies, you’ll have exceptions to the norm. And these are shares often which have some kind of catalyst. This was a latest IPO, which is a well-liked every day setup.
So in any case, there’s nonetheless alternatives, however coming in with the expectation that we’re going to see an enormous, huge transfer just like the varieties of strikes we had been seeing in a sizzling market each different day or on daily basis isn’t reasonable in a chilly market. And that’s my greatest battle as a dealer. That has all the time been my greatest battle. I are available in each single day optimistic, aggressive and in a chilly market I often dig myself a gap. I often do. I’m not good at sitting on my hand. The truth is, at this time, it might’ve been higher if I hadn’t taken a single commerce as a result of ending the day purple.
However it’s very arduous for me to return in and never commerce. It could be very arduous for me to sit down and watched this transfer and never commerce. It could’ve been arduous for me to sit down with DCFC and never take a single commerce. I see the chance. I need to commerce it. And what I underestimate is that the market proper now’s simply not as excessive because it was earlier than. You understand what I imply? Take a look at this, it’s curling again up. Effectively, it’d nonetheless be down over a greenback a share if I used to be nonetheless holding right here. And for many who say, “Hey, it is best to simply held the entire place.” If I held all the best way down to eight.30, it might’ve been down $3. A share. $3 a share is a severe draw-down. You don’t need to maintain that.
You bought to chop the losses. You bought to study from them. You bought to maneuver on. However for positive one thing I battle with is taking my foot off the gasoline when the market is chilly. And I must get higher at it. So there’s all the time room for enchancment in your technique and in your buying and selling. Definitely that’s true for me as nicely. I hope that we do begin to see some higher momentum as a result of I do know once we begin seeing issues which are actually robust, I can stack up the income actually rapidly and I can do fairly nicely. However within the meantime, I’ve to be affected person. After I let that desperation kick in, once I let FOMO kick in, that’s when I’ve issues.
And at this time I went from inexperienced on the day by about 5,000 to purple on the day by about 12,000, 11,000. Effectively, 11 minus or plus the thousand. So slightly over 10,000, however nonetheless it’s a purple day. I’m not comfortable about that, however a part of buying and selling. So you want to attempt to all the time study, particularly from the purple days and attempt to preserve bettering, attempt to preserve getting higher. If throughout a purple streak you lose cash, however you may reduce how a lot you lose then minimizing the losses is by itself slightly victory. In order that’s it for me. I’m locking up the purple day right here and going to strive to not let FOMO get at me and simply come again tomorrow contemporary slate once more.
And hopefully tomorrow we see some higher alternatives, however I think it should proceed to be slightly chilly and it’ll simply be sporadic. Now, a pair fast hits right here and there and never overstay my welcome. That’s most likely one of the simplest ways to get by a uneven market. And I may have completed at this time simply up 4 or $5,000, if I’d been prepared to cease sooner. That will’ve been a sacrifice to something which may occur after I finished, however it might’ve been the correct transfer at this time. And it typically is the correct transfer, however it’s a tough choice to make when to cease buying and selling every day.
In order that’s it for me. I’ll be again at it tomorrow as all the time. These on YouTube for the morning present, I hope you tune in. And hopefully we do have slightly bit extra motion and begin to see issues flip off this slowness. However at this time simply may have been my seventh consecutive inexperienced day. I simply got here at it too aggressively. And once I began to provide again revenue, I didn’t stroll away quickly sufficient And I dug myself a gap. That was inside my management to not let that occur. In order that’s on me. All proper, I’ll be again tomorrow. We’ll strive once more.
I hope you actually loved that video. And be sure you hit the thumbs up and subscribe to the channel should you haven’t already. Our objective is to hit a million subscribers this yr, however we gained’t get there with out your assist. So please, please, please hit that subscribe button.
