What's up you guys? Alright, well here we are. It's the end of April and I've done it. No red April Not one red day through the whole month. I Finished today with over eight thousand dollars of profit.

That's gonna put me up right around ninety two thousand dollars on the month in gross profit. Wow I'm grateful it's a been awesome month and I've been trading more conservatively with smaller share size and this week has been really incredible with some awesome trades on Capr and today you Avs I feel like I'm well gosh Stella got her groove back I'm really feeling like I'm on fire right now so I'm gonna be back at it tomorrow. month of May we're starting a new month but I feel like I'm really just getting rolling I'm getting started so I'm gonna try to keep this hot streak going and June of course my trusty companion breaker oh hey hi can I see your belly girl I Need to see that belly I Need to see that belly right now girl right now. let me see, Let me see what do we have here? Mmm alright girl.

Well would you suppose we're gonna have another another good week next week? First week of: May Just try to make it happen. Keep the green streak going Twenty-one days in and I'm not done. Alright so questions, comments, leave them right down below and I'll see you guys first thing tomorrow morning Friday May 1st see you then. All right you guys! So we're gonna go ahead and jump in here and start doing our midday recap and you'll be happy to know those who don't already know that I have just finished a no read month and I am really pleased with that.

so you know to step back. you can see I'm up seventy nine hundred. Almost eight thousand dollars on the day today plus a look this week has been phenomenal. This whole month has been amazing.

My gross profit on the month before today was eighty four thousand dollars. So plus another eight thousand today brings me up to about ninety two and gross profit I think didn't quite break that 100k mark, but it's fine. you know I'll have another shot at it starting May 1st and there's really no indicator that momentum is slowing down. In fact, if anything, it seems like it's picking up the last couple days with Capr and UAV s it's been absolutely crazy.

I only traded one stock today I was fully in the zone on this one stock that I was trading, which I think is a good way to do it. It's it's hard to watch multiple stocks all at the same time. Although you certainly can do it, it's not. It's really not easy.

The challenge that I have is that when I'm watching multiple stocks all at once, I'll miss one and then I'll catch the next one and I'm late on that one and I just always sort of feel like I'm kind of behind behind the ball. So today let's let's start with kind of the beginning of the watchlist. and actually maybe because this is sort of a celebratory special recap. This is probably gonna be a little bit of a longer one, so why don't I why don't I go back and kind of preface what what? this month sort of how this month came together.

So during the first four weeks of the Cova 19 crisis and shelter in place, we were sheltered in place here I was working from from home during those first four weeks when the market was dropping. you know, 20, 30, 40, 37 %. I actually did really well I made about $45,000 but then I proceeded to go into a period of being extremely aggressive trading on - from 9:30 in the morning till 4:00 p.m. sometimes even trading after-hours trading during the White House press releases, trading the Sp500, trading the VIX trading SP excess Spxl and I found myself at the end of each of those days exhausted with a headache and on a couple of those days I made on one of the days I had about thirty thousand dollars in winners and about $25,000 in losers and I was only up five grand you know after the whole after the whole thing and I was like you know this doesn't feel like it's worth it I'm just being so aggressive and so I and I had a couple days that were pretty big red days also where I just I was over trading, I was giving in to FOMO and I was just revenge trading and I really wasn't following the rules that I've set.

And this is a tough thing because when you become an expert at something, sometimes you you feel that the the rules that you would give to a beginner, you know this is where you set your stop and this is how you do this and this and that that you don't really need to follow those anymore. Maybe you feel like you've kind of advanced past that, which may be true in some instances, but it's also not true in other ways. and there's times where even those who have a lot of experience can kind of go rogue and start to just be very reckless and I felt that I was kind of starting to do that and I wasn't really happy with how I how I how I was rating and I also felt like the way I was trading while it was maybe honestly not even suitable for me, it was definitely not suitable for beginner traders. For the thousands of beginner traders that watch my recaps every day and are in the chatroom and really are wanting to learn from from me.

I had a trade and so I made the decision at the end of March that I needed to kind of press the reset button and I didn't want to put myself into an official trader rehab which I've done in the past. Trader rehab is usually when I go in and I set a very tight restriction on my share size and I start to you know, really buckle down on rules. What I've decided to do instead was I said well I'm gonna set a max share size of 6,000 shares which is not. It's not crazy small, but it's certainly smaller than I had been trading in.

March There were several days where I was maxing out my buying power so you know you're maxing out your buying power and let's see. So let me just pull this up here. Alright so I'm gonna do like the Nasdaq test stock here. so this is Z Bzzt.

All right. So Z bzzt Nasdaq test doc doesn't count. it's not real money. so I'm gonna start pressing the Buy button and I'm going long and I'm going in and so actually I have a restriction on my account right now 10,000 shares.

so let me go and increase this. Let's see trading warnings I'm just gonna say do Not warn and do not warrant for right now I'll turn it I'm not gonna say but like that so you know you get to a certain point where you know what that's interesting I don't have that much money in my account so they're not actually calculating buying power. In any case, what ends up happening is you you max out your buying power and you get this message that you've used all your buying power and so I was doing that on several days which means I was putting you know a hundred, two hundred thousand dollars into some of these into the Sp500. So starting in April and it was actually the last two days of March I press the reset button and I start trading with smaller size 6000 share max size and initially I started feeling a little bit a little bit frustrated because I was like I'm not I'm not gonna make a lot of money, this is I'm gonna have a bunch of small green days and there's no way I'm gonna have a good month so you know this was the first few days of April a thousand bucks.

All right, 3600 s good, a thousand bucks a thousand 14, 350 29 So these days you know they were good and I was like okay, you know here we have seven green days in a row and it's kind of a consolation prize. I'm not hitting any 12,000 or $15,000 green days, but at least I'm being consistent going in the next week even with 6,000 shares, I started to actually make some really good money and then I was like wow, Okay, you know what this month is really shaping up and what I have found is that with smaller share size I was less of less emotional I was more willing to jump in and out of stocks faster just to cut the losses and then get back in I could get in and out faster also because it's easier to trade a smaller share size and I also felt like I was being a much better teacher for our students and so this is kind of the proof. although there have been a couple of days right when above 6,000 shares in the last two weeks because I felt like all right I'm I'm feeling pretty confident I feel like I've really, you know, clear the slate of some choppiness in March and I'm feeling like pretty good right now. generally I've been still doing 2,000 shares to start and then four thousand, six thousand and every now and then I've gone a little higher.

So ultimately, it was a really difficult month that gave way to a really fantastic month. And so for those of you guys who for whatever reason may have had a bad month here in April you're a beginner trader. you made some stakes I Encourage you to think about this, as you know, possibly the the turning point that this bad month can be the wake-up call that you need to change things you need. do things a little bit differently and so as we go into the month of May what are you gonna do differently from what you did in in April I Honestly don't think I need to do anything differently at all.

April has been a fantastic month I think the biggest challenge for me is can I keep it up can I can I continue to maintain this level of discipline to not revenge, trade, to not get myself into trouble and ultimately it is only a matter of time before I have a day where I am I guess a little too aggressive out of the gates I go red and then I don't get the opportunity to get back to green and I just end up finishing finishing red I mean it's not, it's just unfortunately the way it goes th mo on the scans let me see Wow look at that Nice nice, nice, nice red to green move. They're not totally clear on the catalyst or if there is a clear catalyst I see some news from earlier but in any case a good job for those of you guys that are watching it. So so going back to to this morning you AVS was the I think it was the second leading gapper so we'll do 915 watchlist same as always. same as every day.

So 915 you ABS was actually a third leading gapper it was up at well that was at 9:15 By 9:30 it was pretty close to the top gapping up 35% So I liked it and ultimately what I was looking for was a pullback which we didn't really get. It pretty much surged out of the gates and I decided to really just jump in it for the squeeze up to $4 and so I jumped in and rode that momentum and this thing squeezed out of the gates from about 365 - 375 385, 394 dollars all the way up to 420. Then a really nice dip entry right down here and a pop back up. another dip entry down here, another pop back up, another dip entry down here, another pop back up and then as you guys of course who are watching live No I watched it through this consolidation.

We got the breakthrough for a nice retest of 425 and that was the cleanest setup that was on an ABCD pattern. Alright so we had this really nice pullback right here which was awesome. Squeeze up to 5, a big flush right here which I went into a little early. My first entry on this drop was around I think it was 70 and then I added down at like 25 and when it popped back up to 50 I got out really for pretty close to break-even It then dropped again to 15 and I bought again and sold that back up at 50 for a nice profit.

So you know that was a little bit of a close call. and of course then it flushed down again. It looks like I could have taken another dip on that, but at that point I'd already said I was throwing in the towel so you know this was the only stock I traded and I was glued to the level. - So you AV s now has just about 100 million shares of volume and this is what I was watching the level - the time and sales and then the chart.

So pure technical analysis on this and it ended up coming together really well. I did take a number of trades on it, will see what you know when I import the trades tomorrow where where it sits but it was nice. It was a good good clean stock up 71 percent still right now AVO I see this popped up and pulled back right here some way by the break of 7 mnk her nose and WK earlier was on the scans. I didn't trade it, the volume was kind of light, ended up halting, going down and then bouncing back up.

but I didn't trade that one. Rand another one that hit the scans popping and pulling back. These were light volume and I didn't feel comfortable trading them and I felt that I was really in the zone on you ApS So I was just gonna continue to be really focused on that and you know anything else. I was just gonna kind of leave alone and that ended up working out really well so you know that was that was that was the day.

UAV yes pretty much all on that and you know yesterday with well what did we have Capr I was also I was pretty I was pretty dialed in I had one trade on Neon which was a loser and so that was part of today. Why? I was like you know I'm just gonna focus on this one stock that I feel the best about which as you can see here, you abs really came together so that's it for me. I will be back at it and first thing tomorrow morning as always and maybe what we'll do here is switch gears I'll do some Q&A for pro students in a few minutes and then we'll jump into the workshop at 1 p.m. Alright so that's the game plan.

I'm gonna shut off the feed both on YouTube and in the chat room as we switch gears and I'll see you guys back at it first thing tomorrow morning or at 1 p.m. Hopefully I'll see a lot of you guys at 1 p.m. for the workshop. Alright, see you guys soon! Hey did you know that I Go live every single morning between 9:00 and 9:15 to stream my pre market watch list.

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