What's up everyone? All right? So here we are: Friday the 13th at least for me, it's my 13th consecutive. Green Day It's Friday last day, the week, last day of the month up $2,500 Feeling good about that? So this has been a nice little hot streak here. I've got my calendar I don't remember I'm not really sure this year what my longest hot streak has been, but this has been a pretty nice one. Just about $62,000 of profit in the last 13 days.

So Green is good and it's gonna carry me carry this momentum into December You know that's what I'm really hoping for. a strong December strong January the three strongest months of the year for me. So $60,000 62. it's a little less than the 81 thousand I made in in November of 2017, but still, this is my third best month of the year.

I'm happy there with my gains and back at it first thing on Monday morning looking at continue this momentum that we are definitely seeing in the small cap market. So reminder Monday 7 p.m. Eastern I'm hosting free workshop I'm gonna be talking about my strategy: how I find stocks to trade how I manage my risk on them where I get in where I got out today on Ad IL Best entry: $3.82 best exit: 4 dollars and 63 cents. It hit a high of 5 dollars so you know I'm gonna show you how that's done.

Okay so make sure you register with the bullying below and the YouTube description so you guys can click register and I will see you there Monday at 7 p.m. and of course we'll see you back at it first thing Monday morning 9:00 9:15 for a pre market analysis. Any questions, any comments on the trades from today? leave below I'll come back for an answer and I'll see you guys on Monday Alright, see you later All right everyone! So we're gonna do our midday market recap. Guess what we made it through November It is the end of the month and today for me is Friday the 13th because it is my 13th consecutive Green Day and of course it is Friday So I am very happy with that.

It's been a while since I had a 13 day hot streak I don't really remember how long my last you know consecutive hot streak was consecutive days, but it's not something I really focus on all that much in 2016 going into 2017 I had I want to say a 56 day hot streak and by hot streak I mean 56 days in a row where I was green every single day. The problem was that I was you know I was getting a little just fixated on having as many green days in a row to the point where if I had a day where I was up even just like a hundred bucks, I would stop trading because I'd rather be up a hundred then risk going red even if there was a chance to maybe make another two hundred, three hundred or five hundred dollars. So during that hot streak I actually didn't make nearly as much money as I've made on other hot streaks where I happen to have a couple of red days sprinkled it. So kind of interesting there I can actually show you in a trader view in a minute that that hot streak.

but you know, so in any case, having a hot streak does not mean not having losers and it's important not to get too bent out of shape or too fixated on having consecutive green days because the reality is having red days is not a big deal I lose 30% of the time. My statistics are, you know, pretty solid. but I'm right 70 percent and I'm wrong thirty percent of time. So I have a lot of losses, but it's really it's really not a big deal.

So I'll switch into the screenshare here so you guys can see my P&L finishing the morning up. Two thousand, five hundred fifty eight dollars and seven cents. Not bad at all. That's very solid Now when I look at this hot streak I Want to say this was started in November of 2016 and it went until like January 31st of 2017.

Let's see if we can filter that timeframe and we'll look at 90 days. This might not have been it now. Maybe this was the I mean? Well actually that's pretty long hot streak but it wasn't. see 2, 4, 6, 8, 10, 12, 14, 16, 18, 20, 22, 23.

Now it wasn't that one. I must be maybe I'm thinking of 2015 going into 2016 I am definitely not thinking about 2000 17 going into 18. So in any case, it just goes to show that you know just because you have a bunch of consecutive green days, you're not necessarily gonna make as much as someone who's you know, trading aggressively and isn't afraid to have a red day. cuz there's nothing wrong with having a red day, you know I have two red days here for the month of November I lost $3,200 Um, Friday the second and I lost 3400 on Thursday the 8th and that was my last red day.

I didn't take any trades on Friday the 9th and then you know it's been. It's been all green since then. so I'm right into my calendar here. 13th consecutive green day plus 2558 dollars and seven cents.

It is the 219 trading day of the year for me. So 219 looks like we've got let's see: 5, 10, 15, 16, 17 18 more days in the year if I don't trade on Christmas Eve I don't know that I will cuz Christmas Day is on Tuesday So about 18 more days in a year so we'll finish this year with. you know what is that? 238 trading days, 237 trading days for me I've taken a couple days off here and there. there's probably about 250 trading days in the year, so a high level of where I'm at on the month.

I'll wait until I get my broker statements of course I'll upload those to the website early next week, but I'm showing myself right around sixty-two thousand dollars on the month I'll you know once I get my statement I'll be able to dial that into the penny. but about sixty two thousand on the month puts me up just under four hundred and eighty thousand dollars on the year, which is great and sitting at eight hundred and fifteen thousand dollars in the account that I started two years ago in January with less than six hundred bucks. So a hundred and eighty four thousand dollars between me and the million dollar finish line for that million dollar challenge. So getting a closer and closer, but you know at the same time, just like you know you're you're in the Tour de France or whatever.

Whatever you want to think of it as you know you still have. you know a couple more stages to go. I mean you one percent of the way there, you know I still have a good a good leg. um you know to to get through and I got to stay focused I want to finish this strong? You know if I if I wipe out? if I have a big screw up it's gonna set me back.

It's gonna hurt. So this is the time. Definitely not to get sloppy and just coast, but to stay focused, to stay engaged, to be aggressive you know, and to be aggressive at the right times. So this has been a pretty pretty great year no doubt.

I I did have a read month in February and I was breakeven basically in August but September was better except October was great. And you know here November's is pretty darn good as well. So looking at the P&L only took trades on one stock today AD Il IRA account no trades in it today. only have five thousand dollars buying power.

That's because I took some trades in it yesterday or was it yesterday or the day before I can't remember. but anyways, no none of buying power take any trades so this account will just sit here until Monday when my buying powers were stored back up towards 23,000 and then I can take a couple more trades trying to get this. you know, above twenty five thousand dollars the PDT rule as quick as I can. but you know being green is important so this account is gonna be up I Want to say about 3,000 or 4,000 dollars this month which is about 20% so that's that's solid.

but no trades in that one today. so I'm gonna close down that account. not gonna save my changes all right. So ad IL this one I was on our watch list.

Remember every single morning it's the same routine I Know it sounds at some points like a broken record, but you know it's just the same routine every day. It's just like going out and starting your car and driving to work. It's just every day is the same so you know it's the same process. The stimuli you know is different in the sense that there's different market conditions.

There's different stocks on the scanners, there's different things you're looking at, but the routine is the same. So leading Gapper tik tik gapping up 112 percent how? and you'll see it's a red day today. Let's pull back this daily chart just a smidge and what you're gonna see is that this stock has a history of putting in red days like this. This was a big warning sign that there was a high likelihood that it was gonna give you this this big ugly move so no trades on it.

Was watching it out of the gates for a possible break of pre market highs of 520. Actually we got up to a high of 530 and it did break that level. It squeezed up to a high of 570. so it actually gave you a 40 cent gap and go trade which is not bad.

You know it really wasn't bad, but you know it popped up to 570, dropped back down to 450, squeezed back up to 555 and then is now at basically low of day so no trades on It You know, stayed, stayed conservative. just saying. You know what? I'm too consumed worried that this is going to do a false breakout. so I'm gonna leave it alone.

So good job there on my part just steering clear of that high-risk trade that was our leading gapper, second-leading gap or ad IL this is the one that I traded. Alright, gapping up 28% price at three dollars and sixty cents for the 3.8 million share flow. I go through my checklist my five-point checklist of the criteria for homerun potential now coming up on Monday night at 7 P.m. I'm gonna host a workshop and I would love to have you guys register those of you watching on Facebook Live The link to register is just below in the description.

those of you watching on YouTube the link will also be in the description and those of you guys here in chat. I'm going to give you the the link as well. So let's copy delete and I'm gonna post it in the announcements tab. So as many of you guys know, let's see.

I Hosted a workshop just about two weeks ago. We had a great turnout. We have in fact so many people register that not everyone was able to get into the live event and some were in listen-only mode so we weren't able to ask questions and stuff like that. So what we'll do is we'll hang out for probably two and a half three hours.

I'm gonna walk you through my five criteria for a stock with homerun potential. I'm gonna talk about how I manage my risk on those trades where I get in and where I get out and I'll do some Q&A So we'd love to have you guys I registered. Those of you who haven't attended one of my workshops before, that will be a lot of fun. All right, so let's see.

Um, let me just oh okay I see what's going on? Hang on, We just send a quick message to my support team. Did you do all right? So anyways, yes that's coming up on Monday night 7 p.m. Eastern Now a Viel met all my criteria for a stock in play so you can see the price is 360. Gap is 28% 3.8 million share float, two hundred ten thousand shares of volume I pull up the stock here pre market and I can see that there's a headline and of course it had a big move yesterday and we had traded it yesterday.

All-time highs on it were actually yesterday's high of um, no, all-time highs were 440 and yesterday's high was 426. So I was watching it for a break of yesterday's high and then a test of 4:40 pre market. It has a little pullback right here as you can see with a high of 367 as it starts to surge up I buy it for a gap and go trade I actually got in it a little late. it already started to squeeze without me and I jumped on the momentum.

The train was already leaving the station, but I hadn't picked up too much speed yet. so I was able to jump in. Jumped in at 382, 82 and 99 9 thousand shares. Now it popped up to four and then it didn't seem like it was gonna break 4.

So I started unwinding the position at 95, 99, and 96 and then I added back at 95 and four dollars. And this sometimes happens where you know my bias will change so quickly from wanting to be long to wanting to unwind the position. So I got back in at four, but then it broke 4 and dropped back down. so I had to sell those shares at 99 and then it got up to a high of four.

Twelve or so it moves a little higher. as you can see here, it kind of popped to 417, then drop back down to a low of 378 and then curls back up again. So a little choppy note on the one-minute chart how you have big green volume on the green candles, smaller volume on the red candles. That's very bullish so it ends up squeezing up to a high of 480.

My best egg! My best entry was 382. My best exit was right around 463. There's 4 an exit at 463 so I didn't capture high a day. but you know I made enough to walk away at $2,500 and that's always.

You know the challenge can you walk away green on the day and today I'm doing it I said a conservative goal of just 400 of just 500 dollars and I was able to beat that times 5. So you know that's good. But really this morning I just wanted to be green wore my red shirt my lucky red shirt. Now it's a lucky shirt and ended up getting a couple of good opportunities.

But definitely one of the things you know with with trading is just the fact that sometimes you'll sit down looking for stocks to trade and despite all of your best intentions, there is just simply nothing moving. There's just there aren't any opportunities and so on days when that happens you know you're gonna just end up being breakeven you know, or you won't take any trades. Or if you force it, you're gonna end up losing money and that's obviously not something you want to do. So today we were fortunate in the fact that we had a really good small cap making some big moves from 350 up to just under $5 It's still up 68 percent on the day and we had this on watch from 360 so it's still up $1 per share just about from my first entry.

So really solid. I Love seeing that great momentum and this is a good way to finish the month of November It really has been a great the last three weeks have been just terrific. We've been seeing terrific momentum, great opportunities both long and short. You know, not to say the short sellers haven't been doing well because I'm sure they have.

Volatility has been good for everyone and so you know we're all making some money going into the you know kind of the end of the year, which is, you know, definitely nice tik couple opportunities to the long side, some good opportunities, the short side so that's good for short sellers. Um, let's see Oh Jen You know, not super volatile I mean a little bit of a whip around there, you know, but overall seeing some seeing some good opportunities. So anyways, it's certainly nice to see that. So I'm gonna finish up the month here with about sixty two thousand dollars in profit.

Haven't taken any of the money out of my account in a while, but my largest position today would have been about nine thousand shares on Adi L at four dollars. so you know, less than forty thousand dollars on my biggest position. I certainly would have been able to take this even if I had only twenty five thousand dollars in my account because I would have used my buying power for this trade my margin. So you know I've got a little extra capital in the account kind of letting it build up there and I'll probably take it out closer to, you know, Christmastime or something like that I usually take profits out, kind of reinvest in the overall market long term I just you know, retirement type of stuff just putting it away I Don't actively trade my long term account I just feel like that's too much pressure for me I focus on the day trades and then put the money away and just let it let it work.

So yeah, this year hasn't been the most impressive I mean right now versus January Where let's see, January was right here. We're up, you know, moderately on the SP but for you know, a couple days there we were all the way back to break-even One of the things I do like our dividend paying stocks, so at least I can get the dividend and reinvest it. remember during? Well, not that many of you would remember this, but we've talked about this in class during the Great Depression There are a lot of people that they had put a lot of money into the stock market and so if we even just go back to, you know the the recessed the Great Recession of 2008 people that were in the stock market through this period you know, say they bought into some dividend paying stocks you know in this stretch here in the 2000s as the market was recovering. So you know right here they're down difficult Lis I mean some of them are down 50 percent, but they're still collecting their dividend and so the good news there for you know those holding those stocks is that they can still collect that dividend check and they can still, you know, make a little bit of residual income without making big residual income without selling any of the shares because the only way to take profit out of the market is either to sell the shares you have or to choose not to reinvest the dividends now.

I Personally reinvest the dividends so you know if you just always reinvest the dividends eventually you'll just have more more shares of that stock. But for those living through the Great Depression instead of selling their shares, some of them which were worth very, very little versus what they bought them for, they just held on to them, They lived off their dividend and then on the other side, the value of the stock went back up. For active traders, there's also the opportunity to be selling covered calls against an open position, and by doing that, you're reducing your cost basis. You've got to be pretty diligent about watching the stocks every day, and you know it's not something that is.

You know, set it and forget it. You've got to be actively watching it, but you know it is an opportunity to take a little bit more of an active role in managing long-term stuff. I Personally, don't do that right now I've got too many other things to focus on, so it. but in any case, I haven't been super inclined to throw a lot more money into the market right now just because you know, look at where we've come in the last ten years.

I mean I I Do feel like we're due for a pullback. We got one in 2016. a little bit here and so if you guys will remember who we're trading through that period and then off that level, you know we've had a couple of really strong years. If you're still watching, you must have really enjoyed that video.

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