Gorilla gang: it is your boy trey coming back, i don't know why. I don't even know why i put on these freaking headphones beats me, but it's your boy trey coming back again for another freaking video - and this is the first update on the 100k challenge and it'd - be really easy to freaking, hide in a hole and pretend like. I didn't have a rough week right, but that's not the right thing to do. I i think it's really important, with trading to come out straightforward and tell people how it is and how it is.

Is week one was brutal. I i kind of got smoked. It was tough, it was a tough freaking week and i'm gon na show you this right now. So i started the count off with 25.

Ah, bob saget, i started the account off with 2 500 right and what you can see right here, i'm going to show you really quick, is net liquidity and day trades. I have a total of 2 036 dollars, which means that net for the first week of the challenge, i am down i'm down pretty considerably about 474, or so i start off freaking rough, i'm gon na walk you guys through essentially the the two main trades that Have kind of smoked me throughout this week and uh just lay it out for you, but before we get into that, i i want to make this video not so much to uh to make you guys feel like you can't trade or like you're, never gon na. Be able to make it or that sort of thing, but because this is the reality. This is the reality of trading, is sometimes you take setups, and you really do your homework and you sit down and you think you've got something mapped out to a t and it doesn't end up playing out the way that you think it's going to, because it's The freaking market right, sometimes the market's tough, sometimes the market's gon na make you uh.

Remember that you don't always have control and power over a situation, no matter how much preparation you do and all that you can control is the controllables and that's what i tried to do so. I'm gon na walk you through, essentially the winning trades. I had this week the losing trades i had this week, what brought me to a negative first week of trading and essentially my plan moving forward to continue to hopefully step back in the right direction and get this 100k challenge rocking in the way that i really Wanted to go so the two losing trades that i had right, upst and so far microsoft, so i'm gon na start off here with upst. Now these were the losing trades that ended up really making uh a pretty tough start to this challenge.

I took a daily scalp on this. I'm gon na show you the setup on the hourly, because this is probably the best way that i can possibly do it now, i'm not gon na. I will not forget the way this panned out. I took this as a daily scalp and what ended up happening is this, and this is where human fault came into uh play for me personally, i saw a little bit of a a trap setup right.

Let me show you this on a five minute chart and what i saw i saw immediately at open. This had a major major topping tail. Essentially, a bull trap set up a situation where you could see uh, sell-off and sue just based on the fact that you had a two highs: low closed candlestick pattern and an immediate rejection to the downside on that setup. And i plan on getting in essentially as a short-term scalp get in get out uh in an options trade.

I played a long put on this right and what pains me the most - and this is no straight - transparency - is at one point i took the trade probably about right here, right 270, or so it pulled down to about 262.. I was up 25 or 30 on this trade and i was looking for trend continuation right, higher low higher low. I saw this candle rejection right here. I thought it would continue on that trend and it reversed way up to new all-time highs to 291 dollars.

I got smoked on it, no right that is uh. That is human emotion that won in this trade. For me, is, i didn't take profits in the place that i really should have taken profits on that trade on upst down here when i was up 25 30 and i saw the potential even for rejection back to the upside on that trade setup. I didn't take it right, that's one of the trades that really smoked me so far.

Now the second one is microsoft, microsoft for me in this 100k challenge. What did i see happen right? Well, i'm going to show you this here really quick coming to uh. The last couple days i'm gon na show this on the hourly. I took my first position on this for a breakout over a downtrend right.

It took a small starter position on this. A one call entry position on this uh break out of the downtrend, and it ended up rejecting right so off that rejection. I already had this 15-minute demand zone mapped out. This derives from this price action right here, choppy price action before a big move to the upside and i held off.

I waited right. I waited for that move back into this uh demand zone and it touched it right here pretty much to a t in a demand zone. Typically, what you'll see happen is an immediate rejection back to the upside with a hard push, and it happened right. You got a huge push back to the upside, so this overall downside level of resistance, this downtrend it tested it and it rejected, and i held that through the demand zone once again down to the downside.

Now i am still holding this. I do have the 15 october calls on this microsoft setup for this 100k challenge and i likely will average down and do some more ta on this i'll. Give you an update to the discord and all that sort of stuff for this 100k challenge. But this one is also contributed to to be completely honest and brutally honest, the negative start that i had to this overall challenge now i did have some green stuff right.

I played some stock on bbig, a small position on that. That's done pretty decently! Well, right! That's uh: that's netted some some returns but and the you know overall side of things. It's been a rough start. I've had a rough start to this freaking 2500 challenge to the point where i am down almost 20 on that initial 2500 investment right and if i can give you anything in the market right in this whole 100k challenge, because i do completely plan on sticking true To my plan and what's happening here, it's a couple of things right.

I want to start off here and say this: the market is unforgiving in any situation and i'm human i've got basic human emotions. There's things that run through my mind at that given moment when i'm thinking that can catch you right that can get you stuck in that moment. It's if you're up on money and any sort of trade take that profit, because you don't want a green trade to turn red and i fell to that right. I fell to that sort of human emotion.

I let a green trade go red and both upst and microsoft. I let it happen right and it ended up affecting my portfolio and it affected the speed in which i'm gon na make this 100k challenge come to fruition right. The other thing is this: it's very important in any sort of trading scenario, to not only have a set of rules but to be able to take a step back from trades and from what you're seeing happening on a day-to-day basis and reflect and learn from them. And not that that affect your strategy moving forward into other setups, because that's something that i'm trying to do right.

I've seen that with upst. I saw that happen with microsoft. I'm able to take that introspective reflection moment right and come back to what ended up up. My trades and what made me lose money on those trades and apply that to things moving forward.

It'd be very easy for me to just take a step back and say you know what i'm not cut out for this. I can't do it. I can't make money in the market i can't do x. I can't do why i can't do z, but if you're doing that it's it's you're, contributing to that only one percent statistic where only one percent of people make money in the stock market.

I think it's very easy to say: look, i got it wrong. I can just i can just be wrong and let it in that way or i can learn why i was wrong and make money, because you know that people are doing it. So i'm that's a tough start to the week right, there's no other way. To put it, i think it's the most important thing to not only show you that you know the green days the good times, but also the bad times, and that's that's a tough time right.

There's probably people out there that doubt there's probably people out there. That say, i'm not watching this anymore, but i'd much rather give it to you straight and say: look i started this challenge off rough. I'm gon na keep my freaking nose to the grinder and double out on my convictions and learn from the things that that went wrong so that i can move forward and take the next step forward and that's what i've got for this video. So hopefully you guys enjoyed that.

You know this is probably going to be not a fun one to watch. But it's it's important to be able to look at red days and uh, reflect and understand what got you there and what's going to get you out of there, so catch y'all, the next one, much love lights, apps, always and peace.