 All right guys, I'm just gonna get started What's up guys, so I don't really like making videos like this I don't really want to make videos like this, but If I'm going to show you the good days, I have to show you the bad days as well So you guys have seen that this year I've had pretty much the best year day trade I've ever had probably well up over three million dollars before fees up a shitload of money Just like last week. I made a hundred fifty K. So I've been on a really really good streak man, and Today I had a really bad losing day. I lost almost seventy thousand dollars in one day, which is just stupid I shouldn't be losing that type of money. It's just fucking dumb So I'm gonna talk about what got me here to the first place why my mindset was the way it was What to do to improve and what you guys could do to improve so Number one is as a mentor as a teacher as someone that runs a community If I have to show you if I'm showing you the six-figure wins the five-figure wins I'm gonna show you the bad days, too, you know on losing days I really don't want to do anything except sit home and watch TV and just get fat That's what I like to do on a losing day. Last thing I want to do on here is answer DMs Why did I lose what I make why didn't I make money today or come on here and make a video? I mean, but you know, it is my responsibility As a mentor and as someone that people look up to to do these videos. So Like I said, I've been on a really good streak. So what happens in training is training is a game of confidence After you've been winning and winning and winning and winning and winning and winning You almost feel invincible Sure, I didn't I felt a little bit invincible subconsciously. Sure. I've been on a hot streak But today I kind of broke every rule in the book Usually I am very disciplined Usually my stock selection is near perfect. Usually I don't fight stocks But for whatever reason, I don't know what it was. Maybe it's part of my ego. I just want to be right I just want to be green. I let myself Domino and I let myself balloon and I let myself, you know Push these losses bigger than they need to be. So today is October 21st and the stock that I fucked up on was D DWAC DWAC is Donald Trump's new SPAC company his new social media company his new whatever so number one in MIC we have Pretty much a rule that says we are not allowed to short stocks that have billionaires in the name If someone like Jeff Bezos Bill Gates Donald Trump is mentioned in the PR anywhere Even if it's bullshit, it is pumpable. That was number one. Number one was this stock had a billionaires name on it and I that was the number one rule that I broke number two is When I was wrong on this stock Instead of cutting my loss and instead of taking a very very small Manageable loser. I decide to fight the stock. I decide to use size on a stock That was not broken I decide to use size to get myself out of a bad situation and the truth the matter is you could do it a hundred times and The one time that you do it you could lose all your gains and more I haven't done that in a very long time, but it just so happens the one fucking time. I do it. I lost So number one is I fought a billionaire play Number two is I fought against the stock. I Sized in when I was wrong. I should not have done that. I Exited the stock around $14 Currently as I'm making this video. It is at $17. So had I not exited my position at $14 I would have had a six-figure loser at $17 Today was a very very very tough day. The only thing that I could compare this DWAC chart to is the Weight Watchers chart If you guys have been trading for as long as me you guys remember when Weight Watchers partnered with Oprah Winfrey the stock Skyrocket skyrocket skyrocket is soared up. I feel like the same thing is happening on this DWAC because Donald Trump is involved They are trying to push the stock up because Donald Trump is involved It is a very pumpable stock and who knows if Donald Trump runs for office again. Maybe he's gonna fucking use this company So number one I was a fucking idiot for betting against the former president of the United States I was an idiot for sizing into the fucking non-broken stock and I deserved to lose that is number one It wasn't the algos fault. It was not the manipulators fault. It was not the pumpers fault It was my dipshit fault guys. It was my fault. Okay, and as I'm typing this is getting fucking closer to 18 I would have lost a hundred twenty thousand dollars, right? So although my seventy thousand dollar loss is terrible, although my seventy thousand dollar loss sucks Thank God I got out at 14 because this shit could go to fucking twenty dollars today And I could have been down 200,000 right? So that's number one. I broke all the rules So what rules that I break today shorting a billionaire play? Sizing into my losing setups. That was that now number two is I was like nothing that I fucking traded today fucking works Nothing that works HX HX was a hot stock that all the shorts were trapped on yesterday So every single short was trapped on HX yesterday, and it went to 25 dollars today So when the stock dipped this morning around from 25 to 20 and then down to 18 I took a trade I went long because I thought to myself This is gonna be a first-bound setup. The shorts are still stuck. There's a very low float There is no reason for this stock to go down and to my fucking surprise. I bought the stock and the stock fucking tank right now the stock is at Stock is at fucking 15 dollars So all the way from 25 dollars went to 15 dollars. So not only that I lose on HX FCE L was another stock that I had a plan. I fucking lost on that one too JRJC my plan was to go long. I fucking missed that long and now it's fucking squeezing DWAC is going up to 18 dollars guys 18 dollars. I got out at 14 dollars I was furious. I was pissed. I said fuck this shit this I'm an idiot But turns out even though I was an idiot I was smart enough to get out at a 70 thousand dollar loss before I turned it into a fucking 200,000 dollar loss. I fucked up everything I touched turned to fucking coal You know and these are some days that you get in the market. I mean I am a profitable Seven-figure trader and even as a profitable seven-figure trader. I fuck up because I am human humans have emotions Outgoes robots do not have emotions. That is why they are so lethal, right? So today I fucked up. I mean, there's no other way to say it Bow is gonna be mad at me when he fucking sees because he's asleep right now and There's nothing I could do. There's nothing I could do. I mean, I just have to admit that I lost I have to admit that I'm an idiot. I have to use this as a lesson to tell myself Do not fight billionaire plays do not size up on stocks that aren't broken Do not go long random setups and shit This is one you know how there's days where you're in the matrix You're in the matrix and everything you touch turns to gold these are days where everything I touched went to the fucking gutter and it sucks I don't want to lose seventy thousand dollars. I don't like to lose fucking seventy thousand dollars in the grand scheme of things I'm still up fucking millions of dollars. It's fine. The problem is I get very upset with myself because I've broke rules I broke my discipline. I got fucking lazy. I got sloppy. I let my ego get in the way I did every single mistake wrong in the book The only thing I did right today was eating my fucking loss and getting away I ate my loss at $14 before it went to $18 and who knows where the fuck it's gonna be by the end of this video But that's the first thing so if you take away any lessons from this guys It is you know staying your lame Focus on your niche focus on the stocks that you are comfortable with historically October and November have been Historic for runners. We usually have the biggest runners the biggest short squeezes around October and November I should have realized this I should have recognized this I should have taken a slope There's absolutely no reason to be fighting stocks with size that have not broken down I just added to a loser I kept adding and adding and adding and adding and adding to a loser like an idiot, right? And that was my mistake that is my fault that is where I fucked up and the point is guys No matter if you are making a hundred thousand dollars no matter if you're making a million dollars No matter if you're making ten million dollars there are gonna be days where you're just off There are gonna be days where shit. It's fucking a mercury retrograde There's gonna be days where you just can't fucking get anything to work And on those days that happen You better make sure that you have a max loss at the broker level you better make sure you have a tab You better make sure that you have a max size and as I'm recording this we're at fucking 19 dollars So I stopped out at fucking 14 dollars for a seventy thousand dollar loss had I not stopped out I would have lost two hundred thousand dollars. So in reality, I'm starting to feel way fucking better, man I'm sort of feel way better than I got out of fucking 14 dollars I'm feeling real good right now, man. So what am I gonna do now to? Improve on this. What is the next steps? What happens after you lose a large amount of money, right? So the big thing guys the big thing that you have to remember is like I said trading is a game of confidence You are the more confident you are in yourself the more confident you are in your trading the more money You will make although I am a multimillionaire right now. I am as of today. I'm not confident in myself I'm not confident in myself So what I have to do guys and what you have to do after a losing day whether you lost today yesterday a month ago a year ago is Your goal the next day after losing it is just to be green You need to prove to yourself, right? You need to prove to yourself that you could do this And obviously we know we could do it obviously 90% of the time. We're gonna make money, obviously But for whatever reason our brain have has mental deficiency sometimes So my goal tomorrow when I show up to the market is not to make $70,000 in one day My goal when I show up tomorrow is not to fucking bank a million dollars a day My goal tomorrow is to just be green whether it be a dollar or a hundred dollars and slowly build back my Profits and it might take me a week to make it back It might take me a month to make it back and might take me two months to make it back But if there's anything I know about this market guys and how hot it's been It's probably not gonna take much time to make it back. So Lessons for today Don't fight billionaires Don't don't size into stocks that you are losing on do not add to your losers only add to your winners And after a losing day your goal tomorrow to show up and be green your goals not to make back the loss If you try to make back the loss I guarantee you're gonna have another red day and if you have another red day is just gonna spiral, right? So before you guys spiral Before it gets worse before you let your losses balloon into massive parabolic style losses Show up tomorrow Small green day and you will be fixed and again guys This is the last thing I want to do is come and make these videos the last thing I want to do is answer questions today So please respect me do not send me any questions today Do not ask me why I lost money today Do not ask me if I'm gonna be okay, or if I need a shoulder to cry on I'm gonna be fine Just don't fucking bother me today. That's all I'm asking. I'm here 24-7 on the days that I lose money Just let me fucking eat my ice cream. Let me my cupcakes. Let me watch my fucking TV and let me eat my pizza, right? So any other questions guys, I'm gonna open up to a Q&A right now. I'll do a brief Q&A maybe there's something that I covered that that Maybe there's something I didn't cover that you guys could kind of ask me about Even if a stock looks like a first red day setup, you won't short it if the day before it trapped HX was a first red day setup for the past five days in a row first red day doesn't work on HX How do you differentiate between stock on front side? I mean to keep it simple guys use VWAP as your indicator if a stock is above VWAP It's probably on the front side if stock is on their view app. It's probably on the back side How much was your biggest loss before I don't even fucking remember I literally literally do not fucking remember no clue did I vote for Trump? It doesn't matter who I voted for but yes, I did vote for Trump I am not all for Rewarding broke people with rich people money rich people are rich because they work hard for it Did you think 16 was the top? Obviously not if I fucking lost money Coin was good. I just fucked up on it. I Use hard stops only guys. I use hard stops only $20 DWAC $20 fucking dollars guys. I got out at fucking $14 So I don't care what anyone says about my loss I guarantee a lot of people are still fucking holding and praying $14 was the best fucking thing I could have done man. So Yeah Crazy crazy crazy shit, dude It's just I'm almost fucking blown away this DWACW 50 cents guys to six dollars 50 cents to six dollars. Oh My god, bro. Oh my god. Thank God. Thank God. Thank God. I am out, bro Thank God. I am out Now do you see guys you see why even though I lost fucking a 70 motherfucking thousand dollars Even though I lost a brand new BMW M3 today Why that was still almost technically a good trade because I got out you guys understand that and just so you guys know I Keep these for emergencies only and when I say emergency today's a fucking emergency These are wicked good cupcakes that I got from Shark Tank. This is cookies and cream. This is chocolate birthday cake this is Gimme s'mores and this is Chocolate lab. So anytime I have a bad day, you better fucking believe that these box of cupcakes are gonna come out I'm gonna gain 10 motherfucking pounds. I'm gonna be a fucking fat ass and I don't give a shit, right? Crazy crazy market. We are in everyone. So I'm gonna wrap it up here. I got a I got a I have a date to go Get fat today. I'm probably the happiest motherfucker that you'll see losing $70,000 in a day And that's it man, I hope these videos help again the last thing I want to do is make these videos when I lose but This is the reality man. You guys see the six figure losses This is what it looks like to lose a fucking shit load of money and hey, you better get used to losing because that's the Game we're in right we're in this game. So I Hope these videos help please for the love of God do not DM me today Just give me one day off to fucking clear my head and I promise tomorrow. I'll get back to everything and That's basically it guys. So if you guys are a short seller walk away for the rest of the day We for the rest of the day you got no reason to stay and see you guys tomorrow