MAX LOSS

"if we have 10 more moves like this then clearly Traders are going to stop buying any of these breakouts right and anything that pops up shorts are going to hit a lot harder and what'll end up happening if that happens is we'll end up going into a colder cycle where everything that pops gets reversed until you have one that pops shorts try to hammer it back down but the buyers are there because the underlying news is really so strong that this is going to go higher and then shorts get squeezed out and you get that massive second push and then that pull back and then next thing you know it's you're getting another stock like drug that goes up you know 2,000% in one day"

"We do also have the election of course coming up this week uh so that's going to throw a little bit of a wild card out there it could at least um depending on what happens so you know that's something that we've got to be aware of some volatility around U around the election"

"my plan on Monday for the most part is to come in pretty much you know the same as today looking for stocks with breaking news because of course that does work well and we'll see what the momentum looks like we'll see what the volatility looks like a monitor the spreads and if I think I can manage risk and we've got something that's got breaking news and you know it meets the profile the float the price everything else I'll take some trades and we'll see what I can get"

"if I have a second red day on Monday you know two red days in a row then that's when I end up putting myself into a Trader rehab going into Tuesday which you know I obviously don't want to do"

"you know today is a red day but Monday could end up being a $50,000 Green Day like last Monday was so it's really going to depend on the quality of the news headlines that we get on Monday and if we have some really nice news headlines we have some stocks that really meet the profile that has worked so well through October then you know I think Monday will be fine"

"but the the safer bet um for those that are a little bit more risk averse that don't want to take the risk is going to be to watch for curls and to see what holds up and wait for that really clean first pullback"

"you know like this is a move where you didn't really get a super clean first pullback you got to move from 10 to 24 and you know then kind of it gave you some more moves but the real clean move was that first one and sometimes that happens and if you're going to miss the first move waiting for that first curl and you might miss it but waiting for this pattern either on the one minute or the five minute is fine but you know let that first pop happen see how much it pulls back and then look for the curl"

"if I start to go into you know multiple red days in a row that's where all of a sudden I'm like okay got to stop the bleeding pull money out of my account you know take the profit off the table from October really protect those gains because I've seen some Traders do of course is you know they'll start to lose and then they just it starts to really unwind and then in a month you know or even in a couple weeks they could give back months and months of progress and I've done that before"

"it's also important to be able to just get right back on the horse if you get knocked down you have a red day you know just get right back on the horse because you spend all this time overthinking it putting yourself in a Trader rehab and getting really bent out of shape over one red day eh it's kind of silly it doesn't really make sense the strategy is not broken you just had a red day so don't need to read into it too much more than that"

"probably the the safest bet for me would be coming in on Monday um you know just to be just to be a little cautious try to build that cushion and then if I get the cushion pretty quickly and pretty easily then I'll be like okay time to size up and be aggressive but if I can't get that cushion um you know easily than just stay with small size on Monday so that's probably the safest beted just to size down a little bit Monday try to build the cushion beginning of the week before I do anything too crazy"

"if that happens is we'll end up going into a colder cycle where everything that pops gets reversed until you have one that pops shorts try to hammer it back down but the buyers are there because the underlying news is really so strong that this is going to go higher and then shorts get squeezed out and you get that massive second push and then that pull back and then next thing you know it's it's you're getting another stock like drug that goes up you know 2,000% in one day"

"my plan on Monday for the most part is to come in pretty much you know the same as today looking for stocks with breaking news because of course that does work well and we'll see what the momentum looks like we'll see what the volatility looks like a monitor the spreads and if I think I can manage risk and we've got something that's got breaking news and you know it meets the profile the float the price everything else I'll take some trades and we'll see what I can get"

"now of course if I have a second red day on Monday you know two red days in a row then that's when I end up putting myself into a Trader rehab going into Tuesday"

"so probably the the safest bet for me would be coming in on Monday um you know just to be just to be a little cautious try to build that cushion and then if I get the cushion pretty quickly and pretty easily then I'll be like okay time to size up and be aggressive but if I can't get that cushion um you know easily than just stay with small size on Monday so that's probably the safest beted just to size down a little bit Monday try to build the cushion beginning of the week before I do anything too crazy"

"we do also have the election of course coming up this week uh so that's going to throw a little bit of a wild card out there it could at least um depending on what happens so you know that's something that we've got to be aware of some volatility around U around the election"