What's up you guys? All right? Well here we are: Tuesday morning and I'm locking up. 49 000 in profit. Not bad this month in July. So far, I've been averaging 34 000 per day.

I'm at 650 000 over just over 650. Right around 660 after today's profits. Uh, today's day where I'm above the average. The two stocks I focused on this morning were straight off the watch list: Kodak and Fram.

Those two high volume, big gaps, both more than 100. Kodak was gapping up like 200. What is it? 271 currently has 129 million shares of volume. It's very liquid.

You can get in and out with big size. and that's exactly what I did. 25 30, 000 share positions, 25 000 shares. With stock like that's over 250 000 in the market.

That's a lot of money that I'm putting out there. So the 200 or the 49 000 of profit today is good. But of course it's relative to having the buying power to take some really big positions, and that carries risk. Now for me, I've been conditioning myself to try to trade at the edge of my comfort zone with larger and larger positions because I know there's people out there that trade with 50, 60, 70, 80, 000 share positions.

I know that there's people that do it and I could afford to do it, but emotionally, I haven't been able to handle taking that type of share size. so I'm working my way up to bigger positions, knowing that when I trade with bigger positions, of course the winners will be bigger, but the losers will be bigger as well And you have to ask yourself, can you handle the loss? Everyone can handle the win, Everyone can handle the profit. but can you handle the loss and the risk that comes with trading a 40 000 share position and suddenly losing 50 cents a share? Because that's 20 000 bucks right? And that's the spot where you know I'm trying to get more comfortable and as I trade a larger size and I get more aggressive, Hopefully I will find Um, you know that I am able to comfortably get up to 40 and 50 000 share positions when we have stocks like uh, you know, codx that are really hot. And so today I stepped up to the plate.

not as much as I could have, but again you know it's just constantly trading at the edge of my comfort zone knowing that the more I trade there that eventually my comfort zone will start to get a little bit bigger and I'll be able to trade you know more comfortably at that level and then take it one more step further. So that's the goal in terms of me trying to develop my uh comfort zone and my growth as a trader, so I hope you guys did well today. We'll also talk a little bit about some of the swing trades that I have open Um which are currently up 270 on the day. Uh, I feel like I might get stopped out of one of them uh, here.

but the other three are looking okay and I'm trying to take a trade on Tesla, but I don't know if I'm gonna get filled on that. So anyways, that's where we're at. I hope you guys enjoy the recap questions. Comments: leave them down below.

I'll see you first thing tomorrow morning for Wednesday wild card day. Wednesdays have been the biggest green day of the of the week this year for me, so we'll see. I'll see what I can do tomorrow. Alright, see you guys first thing tomorrow morning.

All right everyone. So uh, we're gonna do our midday market recap here. We'll go over the trades from this morning. Today for the most part was a really solid day.

I did have a couple of uh, instances where I was a little kind of too aggressive in the wrong spot and and that wasn't ideal. I did have a couple of bigger losses and a couple places where I gave into a little bit of Fomo, but finishing the morning with 49 331.43 of profit with the bulk of the profit on the top two stocks that were on my watch list this morning, right? So Co sorry Kodk, Kodak and Fran. These are the two that I was watching pre-market They were the leading gappers in the entire U.s market today. Uh, Kodak gapping up uh, 271 percent.

It currently has 123 million shares of volume and Fran gapping up 94 with 23 million shares of volume. So these have a lot of volume. It's very easy to get in and out. My biggest position today on Kodak was 25 000 shares.

A 25 000. Actually, I might have had, I might have had 30.. Um, I'd have to go back and check. But so let's say 30 000 shares.

And uh, that would have been. I had a big trade right here at about 10, and I had another pretty big trade right here around 11.. So 30 000 shares of this stock at 11 is 330 000 in the trade. A three hundred and thirty thousand share day trade? That's uh, three, three hundred thirty thousand dollar day trade.

And that's that's a lot of money. There's no question about it. And so for me to have a day like this, it takes a willingness to be pretty aggressive and to take you know, obviously a pretty big position. So I want you to be mindful of that that these gains are certainly relative to risk tolerance, and that you shouldn't think that my profits here are typical or average of of an average day trader.

I have a willingness to be pretty aggressive. So if I had an account today with 350 000 in it, I would have been able to take pretty much every trade that I've taken this morning. And that would have been a fantastic return on that account of forty nine thousand dollars. So Kodk Kodak.

This was, uh, interesting because pre-market it was already grinding higher and we had this nice breakout pre-market right here over 905.. uh, that was a nice opportunity and I actually took a trade on it pre-market right through that level. Oops, let me pull this back up. So I started trading this one pre-market and this was that really nice breakout there at 904, 905.

nice breakout that's a flat top setup. So I took that trade right there and we got the squeeze up to 926, a micro pullback adding at 926, and then we got the squeeze up to 969 all the way up to 974.. the bell rings and it dips down just for a second. right here.

and on my first trade, I jumped in with 20 000 shares at the open at 67 and it flushes down to 47 and I stopped out with a 4 000 loss. 20 cents. With 20 000 shares, it's a 4 000 loss. It then rips back up and I got back in again, this time with twenty thousand shares again and it rips up to ten and I'm taking profit at Nine Eighty Five Nine Ninety Ten, it goes all the way up to ten dollars and eighty cents and I was just.

I felt really frustrated. It then dips down for a second and I added on this dip right here at around 9 50. I added 20 000 shares right here on this dip and then stopped out here again for another 4 000 loss. So lost four grand here, made back four grand here and then lost four grand right here on this drop.

So I felt frustrated that I had a nice trade right here but then sold it too soon and then got back in and stopped out a second time. So that was where I started to feel a little frustrated. It sold off here, sold off. I kept trading in this area and I was up at my peak about nineteen thousand dollars on the day on uh, the trades that I had taken and I dipped down to being up only about twelve thousand and I was like all right you know this, I've given back a little bit, maybe too much profit here.

I have to be careful, you know, let's just let's see what what the market has in store for me. and I was giving back profit in this area here as it was doing these false breakouts right here and then going lower and then it comes back up and it does another false breakout right here which I took the trade and had a small loss and then it comes back up right here and on this one. I got back in and I was really aggressive on my position and it rips from 10 all the way up almost to 11 and that right there put me up over 30 000 on the day it pulls back right here. Micro pullback and a pop up to a high of 11 30.

it then drops down, goes through this little consolidation and then rips back up. As you can see, Micro pullback right in this area for a move all the way up to 1183 and so that's through this area Here this Br this this area in here is where I made the bulk of my profit on uh, Kodak. but I did have still some profit about 11 000 or 10 000 from earlier in here. Actually no it was only 6 000 because I was already up 5 000 on Fran.

So Fran this one, um was kind of interesting. We had, you know, kind of a, um an interesting opportunity on this. so let's go back here. Um this gave a dip trade off of 950 which I took pre-market and so right here it was bounced off, support came up.

Then it comes back down here in double bottoms at the low. So I actually bought 15 000 shares of the stock right down here. It then squeezes up and I added to 20 000 shares of this for the break of 10 and it squeezes up to 10 25. I took some profit off the table around 10 10.

It then dips down to 10. I added on the dip and it flushes lower. I stopped out of the rest but I made five thousand dollars on that trade right there. Uh, it then pulls back.

As you can see at the open, it sells off, goes lower, goes lower, and then as it broke the volume weight average price right here. I got back in. so I got back in right here for the break of 842 which was the volume weighted average price. That was a little bit of an extended entry and I was aware of that, but I also thought that if I waited for it I I wouldn't Uh, I would miss it.

So we had kind of a pop here up to 29 and that was where I took my starter. This micro pullback here to anticipate the Breakthrough 42 and then added for the break through the half dollar. add it again. Up in the 70s we hit a high of 84.

pulls back right here I add and I'm looking for the Breakthrough 11. sorry through Nine dollars it hits a high of 98, but there was a seller there. at nine it couldn't break that level and so I took my profit out. It dips down, pulls back for a second, and then it curls back up.

It took a long down here, first one minute candle to make a new high and it pops back up all the way to 911 and then flushes back down. So in that move right there, I made about nine thousand dollars from right here and right in here again on this one with larger share size but a nice trade there. The only stock that I actually read on it Sqbg which is a stock that was not on my watch list pre-market it was on the Gap scan but I wasn't watching it. It squeezed up and got halted and I bought it right here for the break of eight dollars and it squeezed into a holiday 42.

it opened higher at 880, it dips down and I bought it at 850 or added to 850 and then it flushes down and I stopped out of the whole thing at like 8 20. so I don't know. Wrong, wrong idea I guess on that one. um lost 2 000 on it.

so that was kind of a bummer, but that's you know Again, that's the way it sometimes goes. So overall I would say my P L today was pretty. um pretty solid. The only area where I had a little bit of choppiness was on Kod K, right at the open where I lost like four grand or whatever.

it was so or well, I guess I I was up. I don't remember but I was up maybe 14 000, took a trade, was up 19 and then took another trade and lost nine eight thousand and was up only. um twelve thousand or so. made back a little bit and then gave back what I made so you know that was a little touch and go there for a second and I was getting close to the spot where I was saying thinking myself, i'm gonna have to walk away if I'm not able to, um, you know, if I'm not able to get myself, uh, back back up towards 18 20 000 and if I drop below 10 because 10 000 is currently my daily goal.

Now if we look at the month of July, I am currently averaging 34 000 per day. Today is above the average which is great. My average winners are 1500, my average losers are 1300 and that's because I had a day where I had two 20 000 losers back to back. That's the day I went up 50 000 to down 7 000 before finishing the day up like 21 000..

Big numbers. Those are certainly the result of trading with big share size and ultimately anyone can trade with big share size. But it's taken me almost 10 years of trading to get comfortable with the level of share size that I trade with right now. and it's simply the fact that you have to condition yourself to experience some extreme swings in your P L without getting um rattled without getting fight or flight.

Because I remember years ago when I would trade with a really big position or right now if I took if I took 100 000 share position right now on on Ko Dk on Kodak what would probably happen My palms would get sweaty, my heart would start pounding, my eyes would dilate, I would be staring at the P L and I would. I would just be like I would just be sort of like a deer in the headlights and I would be scared. I would. I would be.

I would. I would struggle to make decisions because I'd be thinking oh my god if this flushes I could lose 50 000 on this trade. You know, Or you know, if it pops up, I need to start taking profit off the table really quickly because if it goes the wrong, if it pops and does a false breakout, you know all of a sudden I could be up 30 40 cents and then back to red and so that would be very stressful. And that's probably the same experience that many of you would have right now if you traded with even ten thousand shares.

or maybe even five thousand. So we all have a line in the sand where we're going to be outside our comfort zone. And so I have been an advocate of trying to trade at the edge of my comfort zone during periods when the market is hot because that's how I, uh, expand my comfort zone right? That's how I scale up my strategy to be more aggressive. But I will say that during a during a cold market trading at the edge of my comfort zone is only going to increase the losses.

It's It's really not a good idea for me to trade at the edge of my comfort zone when the market is really cold. it's It's just not not going to work. And so during a cold market, even though I would like to be trading with 15 or 20 000 shares, I'm most likely just gonna have to be content with trading with five or eight thousand because we're not seeing good follow-through and the market is choppy and everything else. but conditioning yourself to be comfortable with larger share size is um is ultimately going to be important for being able to scale your strategy.

It's not going to be for everyone, and there's certainly limits in terms of account size and things like that. But in any case, so this is where I'm sitting here on my day: Trades: 49 300 bucks My swing trades today. I'm uh, down. 36 on 26 on um, I I'm kind of a little bummed out on my Etsy trade yesterday.

As you might recall, I uh on my 114 call spread that I sold. I was up 300 when we did the recap and then yesterday. Etsy had a really strong day and I stopped out of the position break even so. uh and then I decided to flip my bias and sell the 100 strike puts thinking that all right, this is looking strong.

I know it's coming up into earnings next week so maybe I should. um, you know, flip the bias to the long side and look for it to break over 108.71 So I did that. but now I'm down 430 dollars on the flip back to the long side and that was selling the Uh 100 puts at 71 cents, they're at a dollar 13 right now. So you know on something like this, the idea is that those expire at the end of this week and as long as the stock closes above 100 by the end of the week, those will expire worthless.

But I haven't had much of an opportunity to benefit from time decay. and now you know. Look, it's down. What's it down today? Um, it's down two and a half percent today.

so I'm coming back down towards the lows, so this is kind of annoying. I'm sort of getting chopped out. um, on this stock. I'm not really doing super well with my swing trades on it and maybe I don't know.

Um, I don't know if I should just cut the loss and come back to it another time or if I should give it a little bit more room, but I don't want to let the loss get really big. so the low of day on this is 103 dollars. The overall market is also gapping down a little bit, but it's at least holding above the volume weighted average price. So possibly um, on this, I'll I'll say that I'll stop out with like a five or six hundred dollar loss and just keep the loss small.

I mean ultimately keeping losses small is important and you know the challenge is at the end of the week. If this does close over 100, then I'll I will maybe say you know what I was over managing it. I should have just said it, forget it and walked away. but uh, you know now.

But you know I might have had to hold down a thousand bucks and I might as well just keep the losses really small So I'll sort of try to draw the line in the sand there at 500 and if it does go lower then maybe I'm just wrong about this. I I felt like kind of like Tesla was going to continue yesterday into today. Tesla I was thinking about a swing trade on it. Um, and what I was thinking about doing on Tesla was selling a um shorting the calls basically and I was like okay, it's really strong, it's going to go higher.

I'm going to short the calls because I think they're going to come back down as it fades, but then it gapped down overnight and so now I feel like I'd be chasing it. It's not a good entry anymore. Netflix I am holding. um and I'm up.

Uh, just a little bit on that. but I sold the 465 puts at 100 a dollar and 13 cents. Five of them, five contracts and they're at a dollar and five cents right now. So as long as this closes above 465 by the end of the week, I will keep that money in my pocket.

Um, it will expire. Those will expire worthless. The S P I'm still in good shape on this. um, Spx.

I'm in good shape on that. So these are bullish trades. Hoping the market stays above 300. this is a bullish trade.

Hoping the market stays above uh, or the or Netflix stays above 465 and this is a bullish trade hoping that uh, sorry, Etsy stays above 100 dollars a share. But I do need um, you know I do need that to cooperate and this is this is maybe not the best stock to be trading. I had some trades on it, um from the last couple weeks that were profitable. but then I had a couple that were losers.

I you know I've seen the Ceo on Um on the news and stuff and they were talking about how the level of sales they're seeing right now was like is like Cyber Monday Black Friday except during like you know right now. so I feel like they're going to continue to move higher but into earnings. But but maybe I'm wrong on that. So again, it's a technical setup.

The break of 108 62-ish would kind of lead towards a move back to 115 which is what I was thinking. So selling the 100 puts I thought was a pretty safe trade. but then it's pulled back a little here. so again, we'll see if it can close back up above 105 or so.

I'll feel more in the driver's seat coming into the day or coming and finishing the day going into tomorrow. but we'll we'll see. So one of the things that I kind of like about So Swing trading is obviously I think more difficult. Some people I've heard people say swing trading is easier than day trading, but that's probably the stupidest thing I've ever heard.

Because it's not day trading is much easier. It's much easier in my opinion to predict what a stock will do over the course of five or ten minutes than what it's gonna do over the course of five or ten days. What stocks gonna do over three four five days is so much more speculative and you're so vulnerable to overall market conditions. So my last trade on Etsy or one of the last ones I I sold, the Um 109 strike puts right here and on that day all of a sudden look at this big drop.

So how would how would I possibly know that was going to happen? Well, the overall market on that same day had, uh, was it this big drop or this one? It was this big drop right here. So the overall market tanked and guess what? the stocks dropped with it. So that's a big variable that you are just sort of at the whim of. And so I find that trading, um, trading stock for up for, um, swing trade swing trading is difficult because you have to predict sort of these.

you know exact entry points and you're then subject to the whim of the overall market. And so from the swing trading perspective, I think the options potentially are going to be a little easier to be profitable, although they are more difficult to learn. So the barrier to entry for a beginner trader is higher. But I think that if you're willing to get through that barrier of entry, you could potentially do a little bit better.

So like on the S P 500, the trade that I have right now, um, down here, I sold the 300 puts for 60 cents. That's 600 of profit in my pocket. So what I sold was the contract to buy 1 000 shares of the S P 500 at 300 bucks. Now as you can see, the S P 500 is not at 300, it's at 322..

Why would someone have bought that contract from me? Well, someone might have bought that speculative contract thinking that oh, if the market drops down, you know, then I'll sell that, I'll sell it, I'll sell the Um resell the contract for a profit. It was a speculative trade. Maybe someone took that trade thinking that, um, they're hedging a long position that they have. so they're along the stock, but then they also buy some puts just to kind of cover themselves.

You know, in the event that the market does drop really quickly. But in any case, someone was willing to pay me 600 bucks for that. Now if the market closes above 300 by next Friday August 7th, then that contract that someone paid me 600 for expires worthless. Because no one's going to execute a contract to buy to sell me.

um, a thousand shares at 300 when the current price is 322, right? they're just gonna sell it on the open market. So in this instance, right here, selling that contract, I, I get to keep the six hundred dollars in my profit. Now in my pocket is profit. Now if the market does drop to 300, I have two choices.

One, I could simply cover the position for a loss. So as it goes up to 70 80 90 cents a dollar dollar 20.30 Like what's happening with this Etsy trade, I could just say I'm just going to cover this for a loss. I'm going to create the closing order and close it and take 300 loss. Alternatively, I could keep holding in hopes that maybe it drops down, but that before expiration, the market does get above this price.

And as long as it gets above that price by expiration, then it'll expire worthless and I'll get to keep the money from the premium that I sold. And if it closes below 300, then I could get assigned a thousand shares of the stock so that contract That person could execute it. And just like that, I'm assigned a thousand shares of the stock. And then I've got a situation where I either have to sell that thousand shares for a loss if the market keeps going down, or I could sell it for a profit, or I could sell covered calls against it, or you know, whatever.

There's a lot of different things I could do, but the advantage of selling with a strike price so far away is that the likelihood of it getting executed is fairly low. So like last week, I sold a position on Tesla, I sold the 1800 calls. Now, the 1800 calls when I sold it were 250 away from the current price. So I thought the likelihood that it closes above 1800 was very, very low.

Those expired worthless and I kept the money right now. I could say Tesla 1700 calls might look equally attractive. so let's look at those for a second. So I'm going to go to So Tesla.

so let's do the weekly. They expire at the end of this week. So 1700 calls right now are trading. Um, it's It's kind of incredible that they're trading at 695 by seven dollars.

So people are actually paying a lot of money. There's a lot of premium on those 1700 calls. Seems kind of crazy, but people are people are. paying a lot for them so I could so I could go ahead and sell this.

But if I did that, what would happen is number one. I'm not allowed to do it. But the max loss is infinite and that's unacceptable. That's not acceptable to have a max loss.

That's that's infinite. So what I would do is I would sell the 1700 and then I would buy the 1710. So that by itself puts a little max loss on it. So now my max loss is 9 300, my max profit's only 670..

So you don't get a lot of money for taking this trade right. Your profit loss ratio is not that great. But what are the odds that it's going to come back up to 1700? And so that's the trade that you get to make and you get to speculate a little bit. You could do it the other way.

You could say, well, what are the odds that's going to break below 1369 right? So you could say alright, well, 1369, let's go back the other way. So 1370 So I could sell this one and then buy this one. So very similar. Five? Well, so actually this one you get better odds for.

So you're getting better odds for this trade because the market is pricing, that there's a higher likelihood that it's going to go this way. Then that way you get better odds the more risk you take. So I if I took a lot of risk and said i think by the end of the week it's going to close. You know, above 1500.

Look at the odds on this, they're they're great to one but it's like 50 50. So the risk is a lot higher Now the further out of the money you go. I mean, heck I could I could say well let's go back to 1800. What are the odds really that's going to go back to 1800 by the end of this week.

Pretty low so I can sell these right now for 282. if I sell 10 contracts right now, I would net 2 720 of profit. but I'm on the hook to buy them back. So that's 1800.

There's 5 000 contracts of volume and then I could say all right, well maybe um, I. I mean the problem is, the bid here is 273. the ask here is 275. But if I got a midpoint trade then I could make 240 bucks.

My max loss is 10 000. Now the fact is probably 999 out of 100 trades that you take that are that far kind of out of the money. You're probably gonna close them for a winter. they'll probably expire worthless.

The odds of this going to 1800 by the end of this week? um, short of you know, Warren Buffett buying a Tesla and saying he's all in on Tesla, it's The odds are pretty low. So again, you don't get good roi when you take the really sort of poor odds uh, type of position. But you can, um, you know you can. You can make a little money on the side, it just uses some buying power and just gives you a chance to, you know, make a little bit sort of passively without having to focus too much on on the trade.

And that's kind of the idea with swing trading for me. So I think that's a little bit easier because you can take these trades that are way sort of far unlikely and then just set it and let time decay work in your favor. So as each day goes by, those positions are worth a little bit less, a little bit less, a little bit less because part of the value of the premium is in the time the amount of time you have. So anyways, I'm not sure at the moment.

Um, one of the things that can be a little tricky is just the position, the overall market, and everything else. I do feel better about the, um, the the Tesla trade. The S P is coming back down at C is probably also coming back down a little bit so that one's kind of tricky. Tesla is sort of back at the volume weight, average price.

I mean, I could, I could see it coming back up to 1700 by the end of the week. I could kind of see that happening. Um, all the way to 1800 I think is kind of unlikely. I could put an order on this at, you know, 2 24, 25 cents and we'll see maybe if I could get filled.

I mean these. It's actually moving around quite a bit. now. it's at 250 by 249..

So even just in the last few minutes, it dropped down a bit and it was probably as high as maybe three dollars. But either way, it's the difference between these two. So and I could go out one more, but with a little bit more profit, it's going to come more risk. So that's not really.

I don't really want to do that. This one's only 18 cents right now, so you know the odds there. They're not great, but the likelihood is that I'll just keep that money in my pocket. I would like to get a little higher than that.

I mean, like 500 bucks would be nice. So to get to 500 I would have to probably go a little closer to in the money even this one's only 300.. So yeah, these ones. I mean I'd really have to come down even down to 1700 was 650 bucks.

So I'll keep an eye on this and see maybe if it comes up a little bit higher today if there's a chance to get maybe a better entry. But anyway, so um, that's where I'm sitting right now on the day and uh, hopefully we continue to see some good opportunities going into the rest of the week. Wednesday, Thursday, Friday I crossed over 650 000 gross profit on the month today, which is great. and uh, next next stop, seven hundred grand.

So we'll see if we have three more really good days. I could easily add another hundred thousand dollars in profit. So seven hundred fifty thousand might be, uh, within reach here. So maybe I'll kind of go for that and see see what we can do.

All right. And um, to answer that question. I: these are these are all spreads except for the S P 500 and Etsy. These two are spreads though, because actually, no, Netflix isn't a spread so I can do cash secured uh, puts.

So I have the cash to do it. And ultimately, again, as long as the strike price is well out of the money, I'm gonna make more money doing that whenev Whenever I do a spread. It just limits the profit by a lot. It it reduces your risk as well.

but both sides of the of the spread kind of move sort of in tandem. It takes a while for one to really kind of catch up over the other. You're just kind of like they might both change in value, but in sort of equal amounts because they're you know, a strike apart so it just takes a little bit of time. All right.

So anyways, that's it for me. Um, I hope you guys enjoyed the recap and we're gonna do some Q A here for Warrior Pro students. Oh hey, I didn't see you there. Help us hit 750 000 subscribers by hitting that subscribe button and stay tuned and check out some of my other awesome uploads right here on Youtube.