What’s up everyone? All right, well today’s one of those days where it felt like nothing went the right way from the very beginning. I drove halfway to work only to get a call that, hey, internet’s out at work. So I had to double back, head home and then set up at home on my old laptop, which I don’t use for trading. I’ve got this nice new one that I’ve been using for trading. It’s got my hot keys, all my layout on it. So jumped on the old one. I’ve used it for trading before. It has this software installed, but it’s not what I’m used to at this point. Only had one external monitor and these are the types of days that it’s so important to have that presence of mind that you’re not in the right space. You’ve had a couple bumps in the road before the bell rings. You got to step back and take it easy.
The bell rings, I take a first trade, down 1,000. Second trade, up 1,200. So now I’m up 200 on the day. Third trade puts me up 1,500 on the day. Fourth trade, down five grand. Just jumped into something really quickly without doing my full due diligence checklist and boom, biggest loss of the month. So I’m going to finish the day down $5,000. I tried to make back a little bit when I was down 3,500 and I just went further into the red. So that’s when I finally said, “That’s it. Max loss is five grand. I’m down $5,100. I’m throwing in the towel. I will live to trade another day.” I don’t want to give back any more today when the market is clearly not … It’s just not on my side. I’m just not feeling it.
So I’ll be back at it tomorrow. Try to finish off the week Friday with a green day, even if it’s only 500 bucks. Green is good. Then next week, recharged, refreshed, Monday morning. Hope for some good follow through. All right, so that’s it for me. Enjoy the recap. As always, questions, comments, leave them below.
All right everyone. So we’re going to go over the trades from today. Today is the first red day after a really nice hot streak. You can see here. It’s a good sized red day, $5,000 max loss. So my max loss on my account right now is $5,000. So because I’m below 5,000, if I wanted to take a trade on CTRM for instance, I could put an order down here at this level and I’m pressing the buy button and it’s just going to keep getting rejected. It’s not going to let me take the trade. The only trades I can take are closing orders to close positions. That’s an important thing. It’s important to have a line in the sand somewhere, wherever it is. But BBSA, this one has been phenomenally frustrating today. You can see I’m red on it, false breakout after false breakout, just very difficult. If it ends up ripping here, I’m going to be feeling frustration and FOMO on it.
CTRM, also a frustrating one, some serious false breakouts. Look at this stuff. Then OPGN, just really disappointing. So let’s start at the top here with the watch list for this morning. I was actually up … Well, I started the day with a red trade. I was down 1,000 and then I made that back and was up about 1,500 and then I had a kind of impulsive trade on OPGN and I lost five grand on it. That put me down 3,500. Then I tried to dig myself out of the hole and lost another 1,500 and now I’m throwing in the towel before it gets worse. So CTRM was our leading gapper this morning. This was up 35% pre-market.
Unfortunately, I also kind of started the day just with everything not quite lining up. Internet at the office was down. I drove halfway to the office, then turned around because I got a message that the internet was offline. So came back up to the house. I didn’t have my traveling trading station with me. So I’m trading on one of my older computers today, which is not ideal. I only have one external monitor. My internet even here is fiber but feels