✅ -$360 day trading loss on AMD | What Happened?...Full Breakdown and Analysis

30 that’s my sell order then my stop is 88. 60 30 cents higher and then i’ve got a 75 cent target based off of my fill price so i’m gonna go ahead and hit play on this you’re gonna see we get triggered fairly quickly in the day and now we’re short 1200 shares full size for me and one thing i want to show you guys real quick about ibkr that’s really slick is can you see this faded red sort of red fading to black shadow that line that’s my actual entry i didn’t really i didn’t know that so i just learned that that if you have a question or you’re thinking okay where exactly is this triangle showing my trade it’s right at this red faded line looks like a red sort of faded waterfall falling down that’s my entry so i’m going to hit play again show you the rest of the trade we do push down pretty good here in a second and it wasn’t that bad it looked like it was starting to move and starting to go but again i didn’t like that this much of the move was taken out pre-market so it popped back up sort of was acting like it was bouncing at a level at this point i thought well you know maybe it’ll get a little momentum i want to see the volume continue to press up but it just kind of hung we do get another little press down right there so it’s showing tendency like it wants to keep moving so i’m just staying in it and i can’t move my stop loss yet because i need to see 87.

84 that would be a 40 cent move i would then move my stop loss to break even and then we’d let it play out but as you can see instead it sort of pops back up it’s hanging it gives me a fill and then i’m out so what i will say about this it’s always unfortunate to lose money but here’s the lesson of the day here’s my takeaway yes i did lose but here’s the key to it i’m risking 360 dollars on every trade with the hopes of making 900 right now my r value is 360.

when i flip to summary you’re gonna see that i lost 348 dollars if you add my commissions back to that that puts you right around 360. so this fill on my market stop loss was absolutely fantastic and the platform the broker sort of helped me out with price improvements it kept me at the level it gave me a partial fill and then the full fill so what they do is they in the background behind the scenes they’re trying to get you the best price closest to where you place that market order this made me feel really good because as many of you know i’ve traded since last week slowly increasing my share size and i haven’t yet had a loser i haven’t been stopped out yet today was my first loser and it happened to occur at full size for me 1200 shares for the for the month of february i’ll be carrying 1200 shares every day and i lost exactly 360 dollars now the reason why this is important is because this is just one step back these days happen i’ll lose one now if tomorrow i hit a winner i win two and a half units so i will net be up one and a half units if you wash out today’s loss so the takeaway on that on this is ibkr gives you amazing fills which helps me to control my losses yesterday and i can post the video here i was talking about how if you scalp stocks or options or whatever and you’re making 500 here making 600 there making 700 there and you’re just taking profit immediately once you get profit but you don’t have a stop loss and you don’t have a way of controlling your losses or limiting them anyway what happens when you have five six seven eight days in a row your really high win rate with your average winner being maybe five six hundred dollars what happens when you then take a three thousand dollar whipper or a four thousand dollar whipper it wipes out we can wipe out weeks of profits so that’s why i wanna hammer this home you have to make sure that when you do take a loss that it is calculated it’s precise and it fits into your trading plan 360 dollars that’s what i’ve allotted for my loss every day that i trade i’m okay with losing 360 dollars now if it were double this i would not be okay with that and you know you can get slippage or have delayed fills like on think or swim so that’s why i breathe the sigh of relief today because ibkr filled me amazingly well and i’m super pumped about it because it keeps me in the game and it keeps my trade plan intact and speaking of trade plan this saturday at 11 a.

m eastern i’ve posted it on the youtube channel and in the facebook group we’re gonna go live and i’m gonna go live for an hour two hours whatever you guys want to do but we’re gonna talk trade plans trade management all surrounding day trading so not making any stock predictions not telling you what stocks to trade in this upcoming week i want to help you with the more important piece which is trade management trade plans stop loss size targets profit to loss ratios all that stuff bring your questions if you don’t have any questions just come hang out and listen to others sort of uh you know watch the chat listen to me we’ll just be throwing around some really good information so with that let’s talk more about this trade entry so what i was watching here as a lot of you know i watched the last 15 minute candle and i’m going to go back to it this here is the last 15-minute candle this green one right here so what i watched was the high and the low and i’m looking to get short below this low i set my order my stop sell stop to go short 10 cents below that low and i place that order about 5-10 seconds before the market opens and then i just let it play out today we popped up it fell over reversed i got triggered in it looked like a good trade ultimately got stopped out but that’s my entry that’s how simple it is just getting short every day below that low no matter what and if i don’t get triggered some people ask me in the comments yesterday what if the trade goes long do you take it long and right now no i’m not if i if the trade goes long if amd would have just climbed then i wouldn’t have traded it and after 15 minutes once the market’s been open 15 minutes and that candle closes if my trade has not been activated i cancel it i only want an entry in the first 15 minutes the reason for that volume massive liquidity volatility things are moving around it’s the best time in my opinion to put on a breakout trade as a scalper so that’s why i did that so that was today’s trade got the live stream on saturday i’m really excited about i want you guys to join me there so we get into some stuff and we’ll just keep talking about different scalping techniques we can talk about um different ways to calculate your reward to risk ratio based on a spreadsheet we can go through that but i just want to get deep into the fundamentals and the mechanics for those of you who really want to be scalpers day traders you want to you just want to be in and out and be cash at night that’s my preference for my day trading is to be well obviously to be cash at night helps me sleep at night and then every day i wake up with a fresh account and i just put on that next trade so i did lose one unit today we’ll be back at it tomorrow we’re going to try and recoup hit 2.

5 units tomorrow stay tuned and turn on post notifications so that you don’t miss the live stream on saturday if you want to track your trades so that you have really good metrics and you can look at them day by day go to tradervue. com but go there through the description or the youtube banner if you use those links that’ll help support the channel i really appreciate that so hope this video was helpful drop me a comment below let me know how your day went and we’ll see you tomorrow [Music] you.