What's up, everyone? All right? Well, I'm finishing up right now. My fifth consecutive red day. Man, this is frustrating. Five red days in a row.

I Traded a bunch of stocks today and you know the. The frustrating thing was that it just again felt like a day where there was a lot of action. blast docks moving. but there wasn't one really obvious really strong stock, just lots of kind of small moves in like 25 different stocks.

and I traded about 15 of them. And that's hard when you have one stock that's obvious. that's usually. those are the easier days.

And yesterday afternoon when Ino did its breakout, it was the only stock breaking out at that time and its action was pretty clean. But in the morning when there were so many stocks moving yesterday, Ino wasn't strong. Now the headline, you know it was. it was a good headline.

Good catalyst. I did trade it today. Will break down that trade. The good news is that today basically was one step forward.

One step back. One step forward. One step back. One step forward.

One step back. One step forward. One step back. I did that about 15 times I am down today.

Brace yourself. 17 cents, 17 cents. All that trading down 17 cents. Now being read: 17 cents technically makes it my fifth consecutive rent.

A being green by 17 cents Technically I would have broken the streak and that creates a little bit of an incentive for me right now to try to take one last trade. It's so, so tempting. So I don't have a five-day red streak, but does it really matter? Seventeen cents, five days versus four? I'm not. It's not like I'm gonna make $2,000 or $3,000 in the afternoon I shouldn't trade in the afternoon.

so I'm just going to let this one be I'm down 17 cents. It's my fifth consecutive red day, but today I managed my risk really well I took a stab at a lot of different stocks I Gave him a chance and nothing really opened up in the right way to give me a big winner. And so today was one step forward. One step back.

one step forward. one step back until I hit that time 11 a.m. and I said that's it. So I'm gonna be down 17 cents today, but definitely not gonna feel to be enough about tomorrow.

I'm gonna trade from 9:30 to about 11:00 and then take a little break and come back at 1 o'clock I'm gonna host a free workshop day trading 101 and I'm gonna walk you guys through risk management I mean I'm gonna be totally transparent in the areas where I struggle and in the areas where I really thrive. I'll show you some of my biggest green trades, some of my biggest red trades I'll answer any questions that you guys have about how to get start raiding my stock scanners the indicators I use how I find stocks to trade. you know, whatever you have. so I want you guys to click? they'll be a link right down below in the description, right at the very top of the description and where you can register to tomorrow's workshop.

There's a limited number of seats available for people that can ask questions. Anyone can be in listen-only mode, but only the first people that sign in. It's up to a certain amount I don't remember one of this, but it's only the first people that sign in that can actually type and ask questions. So make sure you register, make sure you show up and sign up or sign in a little bit early tomorrow one o'clock and we'll look forward to that workshop.

are you guys? So let's get in. This recap will break down the trades from today and as always questions and comments on today's trades. Feel free to leave those in the comments below. Alright everyone, so we're gonna do our recap for today and this is where I'm gonna stand this: I Don't know that I've ever had a day where it's Zero? Maybe I don't I don't know, but I'm zero today.

down 17 cents. This always rounds to the nearest dollar. so down 17 cents today? Yeah, whatever. it's not a big deal, but it is a little disappointing that the market continues to be as difficult as it's been for the last five days.

You know this has just been. You know, some tricky action that I've been trying to trade through. So my first trade out of The gates today was actually um, let me let me see I believe it was CTRM yeah Oh CTRM So CTRM was on our Gap scanner this morning gapping up 40% 2.4 million share afloat. It's got 10 million shares of volume right now.

price of dollar 55 pre-market So as the bell was ringing, I was looking at this for a possible gap and Go trade but I was not super confident because it has a history of dropping, popping up and dropping. So I was like you know I'll take a stab at it but I'm not sure. So my first entry was at 1:55 It popped up in the first minute all the way up to ones like 70. So what I did was I bought the first pullback right here at 1:55 Nice, awesome and you know where I sold right here I got out and then I got back in right here and then I got out right here and then I got back in right here and then I got out right up here.

I actually was holding into this halt right here and this is kind of disappointing because on the resumption, it dropped back down, it then ripped back up and I didn't get back in. So whatever little choppy there. but rather than getting in and just holding I got in, got out, got in, got out, and that works well. $1400 a profit is the biggest green trade of the day, so you know the only thing that is a little bit of a bummer is that I I didn't keep that money in my pocket.

Next trade Apop one step forward, one step back Apop as you can see pop and drop. It popped up right here and dropped. Then it popped up right here and dropped. and then it popped up right here and drop back down.

It was not able to hold its levels and so fourteen hundred in the green. Thirteen hundred in the red. one step forward. one step back.

Next trade dy NT d y NT stock that was on the high de Mo Mo scanner and that I've been watching because it's been very act If you can see here. I'm down two hundred and thirty-three dollars on it. So dy NT I tried to take this breakout up here for the break over 250. It didn't end up breaking this.

my entry was at 40, it hit a high of 47 and then came back down. so down 233 dollars on that. Then I had a nice little trade on a I am hey I am I'm up a thousand dollars on. But my first trade I traded it twice.

My first trade was this breakout right here from 240 it hit only 246. I was looking for the break over the half dollar so I stopped out with a small profit I then got back in it here as it came back up to the highs and this was a better trade. So this but my first trade was only only got me back to flat on the day. so I was back to break even on the day then I had a trade on Ino Ino My first trade on it was actually a really nice win.

it was. where was this trade? this trade right here and no actually is. My first trade was I'm trying to remember which one was the first one. this was that it was right in here.

Yeah so the first trade was for the break of nine. I got in, it squeezed up to nine up to nine ten. took my profit I then got back in for the break of nine Ten it squeezed up to a high of 940. Nice clean trade.

took my profit there. then I got back in I took one last trade. where was that? it was right here. back over nine I thought this was gonna squeeze up and back over Nine Ten Nine fifteen back through the highs and I was wrong.

So I stopped out there actually moving out somewhere right in there. so I know I went green then I went red so that was frustrating. Let's see and where was where was the next trade and then I had EC So at that point I was down about 500 on the day EC pops up. my first trade on it I lost 300 I jumped in right here.

stopped out down here. it comes back up I got back in right here and sold right here. Now that second trade and I only took a thousand shares of I really wasn't sure it was gonna work but it ended up ripping up and so I went from down 300 to up 290. That was a nice trade all right.

So then I was back to flat on the day and then I had OC u l OC u L a small little win on this one I took the trade. Let's see it was on the 1-minute chart here: I got in right there and sold right up there for 61 dollars in profit. Whatever. not that exciting I had a trade on X a ir x AI r was a nice one I got in at Ten ninety.

So Ten Ninety was my entry right down here and you can see this ended up hitting a high of 11 79. Well unfortunately I sold right here right before that candle. so I only made 160 bucks glow. small green trade on this.

This is another breakout setup. This was the entry. it failed. Then we had GMC A there was patent news on it I jumped in at - I stopped out about right here.

whatever. small loss G lbs choppy I Got in right here. As it was squeezing up, it halted at 109, it resumed hit a high 115 and then came back down and I lost. Then it came back up I got back in right here and it hit only 115.

came back down again I didn't get back in for this one. just very very choppy. Price action not easy. So I lost a little bit on G lbs and my last trade of the day was that final trade on a I am right back up through here.

so you know today's a day where it was one step forward. one step back. Oh yeah, and X let's see, where's my inbox trade and bags there it is. Yeah, down 15 and X this was a bummer.

This one started to squeeze up right here I actually bought it at 11:50 a little high I sold at 12 or just under 12 right here in the 80s I made about $800 I then got back in right here for the break of 12 the break of this double top it hit only 12 five and then came all the way back down I gave back some of my profit and then I got back in right here and I gave back the rest of it. So frustrating, just felt impossible. and here we go another time that it is doing the flattop at 12:05 and that's so you know generally I would be wanting to trade this through 12:05 I mean I like the setup, but if I take this trade right now at 10 of 12 and I lose 500 bucks on it I'm just gonna be I'm gonna be much more frustrated then I'll be happy if I make 500. If I make 500, you know, all right, but that's nice.

Whatever. But if I lose 500 I'm going to be really upset. So I'd rather finish the day down 17 cents than down 500 after the last five days I've had and just accept the fact that the market right now is very difficult to trade in. Now one of the challenges is that you know we have this many stocks two, four, six, eight, ten, twelve that I traded that we're all very active and there are probably 15 or 20 others that were pretty active.

So many active stocks. There's not one obvious stock and we don't have one. When you don't have one obvious stock and when you have kind of this, just I don't know, you just have so many different stocks moving, it's almost like you know you kind of. The market feels diluted in the sense that when everyone's focusing on one stock, the obvious patterns like this first one minute candle to make a new high.

we'll have a lot of people that are gonna buy it because everyone's watching it. It's the one obvious stock so the first one minute kill make a new high should work. well. now.

this might end up working well because I don't think anything else is really super active at this moment. Yesterday afternoon Ino had a really nice break out around 2:30 and that was because well, nothing else was really being watched at the time it broke out and then everyone jumped on that moment. But when you have you take whatever you say it's a you know, a hundred thousand day traders and you split their attention across 25 different stocks and some traders are focusing just on n backs and apt and a HPI the note the coronavirus stocks and then you have some others that are focusing just on CTR M and E C and G lbs which are the dry shipping stocks that the cargo container stocks. You know you just get this sort of.

you know, the market just people are so dispersed that you don't have one stock that performs exceptionally well that everyone's watching and that has been a real challenge. I Was very excited to trade CTRM because I was just like you know I feel like I'm so done right now with the coronavirus stocks because they keep just being super choppy. but you know, obviously I know and n backs were strong but the reality is today the bulk of my profit was on. well actually a I M I believe is a coronavirus play so I don't know, um but I'll just be so happy when we can go from a market where we there's like 25 stocks all moving at the same time and we can go down to just you know, a couple of obvious ones to answer your question about this indicator on my chart.

So and you guys know, you probably know that obviously um Steve from Taz Market Profile was doing our futures room and he's created this indicator. but as market profile indicators there on the Bloomberg terminal, they're widely used among institutional traders, especially in forex and futures. He let me play around with them and I've been playing around with them to use them on on equities. I'm half watching and backs to see if it breaks back over 12.

Make this chart a little smaller and they do two things. One, and they draw out the boxes, draw out your support and resistance levels. So right now we've got a box of resistance at 1205 with support at Eleven Eighty Seven. So if it closes below Eight, Eleven Eighty Seven, it's a short.

If it breaks above 1205, it's long and that's the way I Read these boxes. So this is a obviously a nice kind of additional level of confirmation to what you may already be suspecting. And that's generally how I would use any indicator just to confirm what I suspect. On the five-minute chart, it shows resistance at 12:05 that confirms what we suspect, right? It's you know, kind of pretty obvious, but it can be helpful if you're feeling a little.

I don't know if you're not feeling super-confident which you know after a couple of read days I've been feeling a little bit like okay, let's just make sure I've got a little extra confirmation before I take these trades. So all that is to say, it's like any other indicator. it can help provide just a little bit more conviction behind trades. This is another indicator that Steve built and it's specifically.

it's an oscillating indicator that factors in price and volume. So it's It's like a volume profile analysis and this can be helpful because right here it's obviously showing and that we've got declining volume which you can see on the volume bars, but this can kind of help. you just visualize the increase and then the decrease coming back down. You look at a stock yesterday like Ino right through.

like this kind of area here, you know. obviously the stock was consolidating in this period. It broke out of this resistance. level.

volume came in and all of a sudden we had this really quick move up. Now this pullback right here. This to me would have been an indicator. Maybe this would have been a good spot to buy because we were seeing so much strength from the volume coming in when you see a light volume breakout.

Light volume breakout. So something we often want to be really careful about because light volume breakouts can can end up being false breakout. So again, you guys can see it on my charts. If it's helpful, it's helpful, I don't typically use them but I've had them on here or I pop them on here just yesterday after or especially after my trade on the Sp500 because I looked back at that trade and I was like you know you didn't have that that confirmation here oops I took this trade I took a short right here and I held it for a little while and it really just ended up.

obviously the bark has started bouncing so I kind of got short right at the low and then we started to curl up. Where's during this? Bear Flag You know we were still obviously quite bearish, so you know again, use it for what it's worth. I do find them to be somewhat helpful. So yeah, I would love to have a really nice big green day and it will come, but today wasn't the day, just not a lot of really clean follow up with Choppiness on Ino.

CTRM You know it opened up, but it didn't do anything crazy. It's come back down now so I just have to kind of be patient and not overstay my welcome. So I'll be back at it tomorrow. Hopefully we see some good follow-through and I can have a green day that would be nice I Really don't want to have a sixth consecutive birthday, but I think today may be kind of a turning point for me being down only 17 cents.

Definitely moving in the right direction after for real red days now. basically a break-even day. So I'll be back at it tomorrow and hopefully oh, how to bring that. Alright, that's it for me.

I'll see you guys first thing tomorrow morning. Hey did you know that? I Go live every single morning between 9:00 and 9:15 to stream my pre market watch list. Subscribe the channel, press the bell for the alert and you'll get the education.