Hey Brian All right. Well after an awesome day, yesterday was seven thousand dollars in profit. Today it's a red Day recap. So where's the month of May Here we are.

So this is going to be my second red day of the month. Yeah and the last red day was also a Tuesday last Tuesday I lost $6,500 today I'm down forty-seven hundred. so $4,700 You know it was one of those days where I should have kind of gone with my instinct. the stock that trade that I really wasn't sure about it started to open up.

it got halted I guess I had a little FOMO jumped in coming out of the circuit breaker hall and just dropped right back down. So I choked down with my gut and just held off on that one. But you know once it was moving once I had that rate of change I guess I sort of talked myself into it. took the trade, lost some money.

So you know back from being up 7,000 up only about 2,000 on the week. Which means I've got eight thousand dollars to get to my weekly goal Ten ten thousand a week. so you know that's okay I can do it Wednesday Thursday Friday Three more days, get back on that first thing tomorrow morning 9:30 the bell will ring and I'm gonna be ready to trade. Alright so as always any questions, any comments, leave them below and I'll see you guys first thing tomorrow morning.

What's up everyone? Alright, so today's gonna be red Day recap. We'll go over the traits on ONC s This is the only stock I traded and you know the thing about this one is when I first saw it mentioned I saw that it was a reverse split today and I was like ok, well that's interesting. it's a reversible. it does have news as you can see right here in the news headline and it wasn't one that I was really watching super closely.

So the Gap scanner had it on. what was it as an 18% gap? or but it was showing as a 58 million share flow. Now that actually wasn't accurate because the float was actually well, 1/10 of that because of the 10 to 1 reverse split. So that meant the floor was probably somewhere around five six million shares.

So I was like ok, well that actually does fall into the range of float that I'm interested in. However, because the scans and because trade idea shows it as a 58 million share float I was worried that small cap traders just wouldn't notice it, they would look over. they would just skip over it and go on to the next one. So when it you know started to pop up here I was initially like now I don't know I don't think it's gonna work I don't think people are gonna see it.

it's not gonna hit these high bay momentum scanners the ones that I utilized. of course A lot of traders utilize to know similar scans so I hesitated and ended up squeezing up to a high of 488 and getting hauled to a circuit breaker and I wasn't in it. It then resumes from the halt and it squeezes up and I was like, you know what? All right I'm gonna jump in this I jump in at 5, it squeezes up to 5 27 and then well, you can see what happens. It comes all the way back down to 451.

It looks like it was about to be halted. It popped up for a second and then it slammed down to 408. So on this one you know I I should have just kind of gone to my instinct and left it alone. but I jumped in it I took two trades.

the first trade was right here and then I got back in right here and I got back in too high. It came back down and stopped back out. So two trades, two losses, you know, gives back more than half of yesterday's profit. which is, you know, a bummer.

I mean it's you never like to give back profit and especially on something that really probably didn't have all that much potential. I mean yes, it was a reverse split, but you know the float appeared on trade ideas to be 58 million shares. which is a problem because so many people utilize these scanners. so when you have the wrong information there, you know it can really throw you off JME you.

Likewise, this was wrong. it wasn't 385,000 share float, it was closer to point 5 million I didn't trade this one out of the gates, it just pretty much popped up for a second, sold off and didn't give us any good opportunities. you know? I Saw at the FFN pop-up couple people mentioned it right up to the 200 moving average on the daily which is right around 541. You know, maybe one to keep an eye on tomorrow if it can or maybe the next week if it can break over that 200 and that has room back up to 650.

but without news it wasn't able to make that move today. So nothing there and the rest of the stocks on the Gap scanner just didn't meet my criteria for one reason or another. And so I didn't end up getting a lot to work with today, you know, which is unfortunately sometimes the case. So today's gonna be one of those days where you know yesterday took seven steps forward today.

I'm taking five steps back and yeah, I'm still net positive on the week which is great, but now that I'm you know have given back a good amount of the profit. I'm gonna have to be careful, you know as the week goes on not to go into the red I don't want to have a red week? That's the last thing I want. Now if I don't make my full $10,000 weekly goal, that's okay. but I've got to have a green week.

You know that's really important for me, so that means tomorrow probably bring back the focus a little bit on smaller share size. try to hit a thousand dollars a profit maybe 2,000 get my daily goal if we see something that looks good, probably won't be swinging for the fences. And you know, Canf yesterday also probably weighed heavily on momentum with this midday secondary offering. I Mean this was brutal.

Like, really? Yikes. Just a massive drop here. so it was halted. it resumes.

and then right? I mean straight down. I mean this thing just tanked so you know you have something like that happen. It can make long side traders a little bit nervous and ONC s probably just wasn't the right one to be aggressive on so a little bit of a self-inflicted loss there, but that's okay. I'll bounce back from it, you know, be back at it first thing tomorrow morning 9:00 9:15 do our pre market analysis.

Hopefully we have a decent GAAP scanner. We can find a couple good stocks to trade. All right everyone. So that's the game plan and I will see you guys all first thing tomorrow morning.

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