What's up everyone? All right? So here we are Wednesday morning and I'm finish the day up. Twenty Five thousand, Five hundred Fifty dollars and twenty cents. Not bad. Typically Wednesday's are my biggest greed day of the week.

That's not the case this week. Yesterday I was up over thirty thousand. So today a little bit less in profit and kind of an interesting day. The Four Sacks I traded all energy stocks.

Only one of them had an actual stock specific catalyst, the other were sort of a global energy catalyst which can work and and did work today. Twenty Five thousand is not bad, but probably these stocks would have been stronger independently themselves if they have standalone catalyst. So that's kind of not perfect, not ideal and one of the ways I kind of keep myself grounded even though Twenty Five Thousand dollars is a fantastic Green Day On the other hand, I say well, Ok, good job you like some profit up green on all four names so give yourself a pat on the back. But then what are some things you could have done better today, right? Cuz I don't want to Just we've always been patting myself on the back I want to be saying how can I be a better trader and a better teacher? So, but I could have done better today and I had a couple of trades that I took where I kind of chased my entry I I missed the perfect entry and rather than just wait for the next set to come to me, I just jumped in.

The problem of doing that is that then I'm in a little too high right and so then as soon as it pops up I kind of take that profit off quickly and if it keeps going then I feel FOMO frustration and then if I get in again even higher now I'm repeating what I just did except even at a higher price they did that a couple times. I had one trade with twelve thousand shares on MXC where in just about a moment I was up 70 cents a share so that's like nine thousand dollars on the ask. The bid, well I was only up about twenty cents. We had a 50 cent spread so that all of a sudden that was like this is a big spread for that position size which I wasn't expecting and I tried to sell on the ask and I really couldn't get filled I hit the bid and with 12 thousand shares only locked up a couple thousand dollars of profit which felt a little discouraging and part of that was because even on that trade I had chased the good.

It was a breakout setup and rather than taking a starter on a dip and then had to the breakout I just had the breakout and so wasn't picture-perfect which is a little frustrating, but we'll break those down during the recap. Also talked a little bit about some of my swing trades that I have in my retirement account. those are all options trades Not that I wouldn't maybe be okay with stock, but it's gonna just tie up a lot more capital to buy stuff. So the option trades are a little bit of a better way to Kameda leverage and make some money in the retirement account.

But one of the things that's important there is I don't want to take such a big position that I'm then staring at the account all day long. We're staring at the stock that I'm holding all day long I want to be able to take it, set it, and walk away without feeling anxious. And so if you are swing trading or you take a position, you walk away and you're constantly checking your phone. Oh my gosh, what's the size of the market you might be in with too much size and then you're not feeling comfortable there.

So that takes a little bit of getting used to because even for me I just don't feel comfortable having positions open. So I go a smaller size and the options are one way to do that. So we'll talk about that a little bit. And if you haven't already subscribed the channel, make sure you hit that subscribe button.

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All right everyone. So we're gonna do our midday market recap so we'll go over the trades from this morning. The four stocks I traded Mxc SN De, USC G and B Ln K all energy sector stocks Twenty five thousand, five Hundred twenty dollars or five hundred fifty dollars and twenty cents which is a solid day. Yesterday was forty I Finished yesterday a forty one thousand on MTP but I was up thirty something on the day 33:35 something like that.

So and then Monday now I'm trying to remember what I did on Monday it was a twelve thousand because Monday was the Tesla trade so that's gonna put me up. I guess twelve plus thirty three, Forty five, fifty sixty seventy thousand or so on the week. Not bad for Wednesday we still have two days left Thursday Friday So I you know, working my way towards five hundred thousand dollars in profit on the month Yesterday after yesterday I was sitting at let's see, let me just check, did you do? - Oh, I guess about 450. So about 470 thousand or so on the month right now which is not bad at all and accuracy is strong this month seventy seven percent.

That's definitely a little bit above my average, so I'm happy with that. Average winners and average losers have been pretty good. although I did have a couple of bigger losses earlier in the month. so today was kind of funny because I did have a couple trades pre market and I didn't do super well.

Mxc Really Choppy I was kind of I don't know I was a little annoyed at how a choppy this was even pre market. It's an energy stock. It didn't have a standalone catalyst, but a catalyst just on energy in general. Out of the gates, it does squeeze up.

So let's look at the 1-minute chart. So out of the gates, this thing all of a sudden rips up here 1050 and halted going up at 11:26 So I had trades down in this area for this breakout. It then opens and hits a high of 13, then halts, coming back down, drops back down here, consolidates sideways and on this one. I was looking for the first 5-minute camel to make a new high which was once we broke.

Overview app right here and we got the break of 11 and this ripped up here too high of 1440. So this break of View app if you go back and look at the month of June some of my biggest green trades, we're on this setup right here. the break of View app the first pullback and then adding sometimes a trade right here but then adding big size for that squeeze hire Big size on this one was twelve thousand shares. That was the biggest position I took and so twelve thousand shares.

This stock at eleven dollars is about a hundred and thirty thousand dollars or so one hundred twenty thousand. so it's a big position dollar amount wise. Although at the same time using a hundred thousand dollars or one hundred thirty thousand, a buying power to make 19 thousand would be a great ROI Not that it was one trade, but that was sort of the most buying power I used today Snd II and unfortunately this is halted. coming back downs back at the V WAC now and although I'm glad that it broke the pre market high of 1213, I'm not sure that I would go back for it.

so I'm just gonna leave that one alone for the rest of the day. Snd II was the second stock that I was trading and I did take a trade on it pre market. we had the first 5-minute Campbell that made a new high right here. It was a great setup and you know what happened I missed it I missed my entry right here at about I don't know 388 and so I chased it I bought it at four dollars twenty thousand shares it pops up to a high of 410, then up to 420 I took my profit off the table.

It pulls back now. 40,000 20,000 shares of this a four dollar stock is $80,000 $80,000 position making 4,000 on it You know I mean not the the the best there. but again my risk on this wasn't that I was gonna hold and lose potentially 80,000 My risk was from the initial entry at for back down here to about 85. so I was risking about $2,500 We did get a nice red to green move on this, a break of Vu app and the squeeze here up to a high of 480 but it was honestly a little hard to trade and a little choppy and I didn't see I just kept felt what felt like I was chasing it.

So I had one trade right here that I took. Let me get my arrow up and this trade here I bought the red to green move but I bought it at four and I bought 25,000 shares I thought it was gonna break for ten, rip higher, it drops down and I lost $5,000 on that trade. it comes back up a second time I got back in this time with 25,000 shares again and it rips up here to 40. micro pullback pops up and then flushes down and then rips back higher.

So I made back what I lost and got green on the day on it but I really didn't find or feel that it was easy to trade I felt that it was quite choppy so a little disappointing there. USCG this one was actually a smaller position. it was for the break of 7:50 right here. so we had this high halt going up pullback and when it came back up I got in from the break of 7:50 it hit a high of 8:32 before pulling back and then actually coming back up higher to 870 B LNK Had a quick trade on this one generally I have low expectations for it, but I was willing to give it a try but as you can see, it is very choppy stock.

so MXC was the biggest winner today. That was the one that I did quite well on and it was on the break of V web where I made the most money my pre market trades on it that they weren't that great. It was in this area and it dropped back down sold off so that was kind of disappointing. I'm trying to remember where that was it was.

Oh yeah, I was trying to buy the first five-minute camel to make a new high right here. I thought this would break and then squeeze higher and it came up double topped and then flushed down. So $25,000 not a bad way to finish the morning. I may be leaving a little money on the table by saying I'm gonna call it a day here, but I don't mind I guess I don't mind doing that So and then a quick check in on my longer-term account.

so this is my retirement account. We talked about some trades yesterday: I closed my Apple trade I'm still holding an Etsy trade and a spy trade. Neither of them are up a whole lot today, but that's fine. Etsy ETS Y is kind of interesting here.

This does have earnings coming up. Let's see what's the earnings date and this these were swing trades. earnings say August 5th. So right now, even though the market came back basically to highs, this one has sort of been coming back.

Downs: A little bit of a divergence there. so I'm looking at the 1:15 is clearly resistance I Such a big move. I'm not sure that I really see 99 yet is being support I mean it did come down to a hundred and then bounced off it. So I'm not sure on this one that I would really feel comfortable doing like a put at a hundred.

we can look at the look at the the cost of it. So if I did a put at a hundred, this is next week. I could sell this right here for a dollar 84 per contract so 10 contracts would net me $1,800 but then if it drops below a hundred I'm I'm gonna be I'm gonna own a thousand shares at a hundred dollars so I could go a little further out I could say alright, well what's the low this pullback 99? You know what's well, let's just say 90 is it's probably not gonna go below 90 right? but if it does, I'd be a sign of stock. So how much would I make if I sold the 90s? Well, not basically nothing.

that's not even really worth it. if I sold 10 contracts of that I'd make a hundred fifty bucks. But I'm risking owning a thousand shares at $90 that's 90 thousand dollars of stock. So you know it's kind of tough sometimes finding the right spot where it makes sense on the chart and also makes sense.

From the P&L standpoint, the August 7th those are all going to be higher price because earnings is on the fifth so that I wouldn't want to be holding that one. at least not in through earnings. So yeah, at this point I sort of have two thoughts. One would be while it is stair stepping down a little bit, so possibly I could sell more 115 calls.

So next week's 115 calls, let's see 68 cents here and the 121 so like this. So if I did that, that would net me a credit of 420 bucks so that you know, 420 dollars in my pocket. as long as it doesn't break 115 by the end of next week and each day, I would benefit from a little bit of time decay copal, maybe cover it Monday or Tuesday at 90 percent of profit. So actually, if we look back at this position, so I did that same trade and expires on Friday and you can see right here that the 115 calls I sold at $1 34 and then I bought the 121 calls at 79 cents.

so it's a spread. They're currently trading at 13 cents for the ones I sold and 8 cents for the ones that I bought. So at this point I've basically realized 90% of my profit and I can cover it for 5 cents. So I think at this point it makes more sense just to cover it than to risk that it the Lunar turns into a loser or something happens.

Five cents isn't going to make a big difference over the next two days for a contract, but in terms of looking for a new position for next week as I'm kind of closing that one out I could either do 1:15 again into next week or I could do something down lower where I actually sold a putt but something that puts go tie up more buying power. So I'm not sure sure I want to do that I think that I feel like it's a little bit better - if I'm gonna sell the calls to do it on a day where the markets up a little bit just because obviously they'll be higher in value, but this is already down a couple days in a row so maybe I'll see if it pops up a little bit tomorrow and we have a green day. Maybe that would be a good time to sell it and this could be an okay time to sell the puts because they're gonna be a little higher in price, but it's a little bit more risk given this chart pattern of kind of stair stepping down and 9900 would be way too close 96 which is a little further down I could consider. but I think the fact that this is while the markets continued to go higher has kind of diverted a little bit from that.

makes me nervous being on the long side of it. So anyways, I'm gonna think a little bit about those trades for my longer-term account and see if I can just have a couple things on the side of swing trades that are making a little bit of money which you know isn't a lot all things considered. but the open P/l on this Etsy trade is I don't know, whatever it is $466 so you know, kind of just slow profits. not too stressful.

a little bit of profit on the SP down a little bit today on that, but not so alright. I'll keep you posted on these and maybe I'll have some new positions that I'll take today. we'll see and I'll be back at it first thing tomorrow morning. Hopefully we have some good stocks on the scanner tomorrow.

Thursday Friday We can finish up the week. Last week best day of the week was just under a hundred thousand. Best day of the week here This week was yesterday. so in the 30s so I'm hoping that maybe I get a day where I crack 50,000 this week? That would be nice, but you know we'll just take what we can get so that's it for me.

Hope you guys have a great rest of the day and I will see you first thing tomorrow morning. 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.