What's up everyone? All right. First day of April and 30 minutes into the day I'm done. Thousand dollars of profit in 30 minutes? That's awesome. There's not a lot of jobs out there where you can make a thousand dollars.

so I'm taking the money and I'm gonna enjoy the day. it's it's not super warm out here but it's dummy and just kind of enjoy it. His first day of April had a couple tough days Monday Tuesday but here kind of back in the saddle feeling good and today's trades were really solid. They were they were just straightforward.

it was easy, nice action so could use some more that hopefully we see the same tomorrow. and Friday we can finish up this week and finish. or I guess start the month of April with a couple of nice days. So my focus right now is just to try to be the best teacher that I can.

For those of you guys who at the very beginning of your learning curve who are trying to figure out how to carve a little bit of profit for yourself out of this market, if that means I trade a little bit less or I avoid some of the more advanced trades or higher risk trades that sometimes can generate some nice wins I'm okay with that for right now, so that's my focus here. It's kind of what I'm kind of setting forward for the month of April that this is a month with a lot of new students. I'm gonna really try to focus on first and foremost being a good teacher and letting the profits just follow that rather than leading with the mindset of I want to make this amount of money and then having to be really aggressive to do it? So a little bit of a change in the kind of mindset and you know we'll see how it works. Every month is kind of a new opportunity to press that reset button.

So I'm doing it here for April I'm sure a lot of you guys are as well. If you want to tell me what your goals are for the month of April put them down below in the comments and I'll appreciate seeing them and I'm sure many others will too. All right, so that's it for me. Enjoy the recap and I'll see you guys first thing tomorrow morning.

All right I won. So um, midday market recap here 30 minutes into the day throwing in the towel, calling it a good day. Gap scan this morning SF et was at the top of the watch list. so if we go over here, we'll see.

Actually SF et was not at the very top, but it was the believing stock that I was watching. So why don't we go through the watch list for a second leaving gapper was DF FN I did not like D FF n because it was below a dollar. so I'm not gonna trade stocks below $1 let me get my drawing tool up here. There we go.

Okay, so you know, let me just I'm just gonna change the color on this. Alright, so um, mmm there we go. Alright, so DF FN not interested in that. It's too cheap I FRX Not interested in that because when you look at the daily chart on it or the pre market chart, you can see that it's already given back so much of its gains.

I thought at this point it just didn't look good. So not interested in that. d Pw Too cheap. So no, no, no Somm too cheap.

Not interested SF ET was the first one that fit within my price range. So SF ET I actually traded yesterday and lost money on it. so I was a little hesitant about whether or not it was gonna be worth trading today. however I recognize that the pre market high on this was about 258.

We had a pullback at the open and I bought the first one minute Campbell make a new high at 2:45 I only bought two thousand shares I Told myself today to be cautious I Just said, you know what? it's the first day of the month I Could really use a green day I Could really use a green day. just a nice easy. It just feels so much better to start the month on a green note. I Know some of you guys right now are red on the day and probably thinking you know, yeah Well thanks.

You know I'm red and you know? this now. it's too late. Alright, well tomorrow's a new day, you know and hopefully you've been trading in the Sim if you know you're a beginner. So in any case, 2:45 was the first entry.

This is the first one minute candle to make a new high. It popped up to a high of about 260 I sold I then got back in as it broke over three and then sold on the move up here. and then I bought the first one minute candle to make a new high right here and sold on this break of 250. This ended up being a false breakout and is high a day but this was a very clean setup.

This is straight out of the warrior Pro Classes Momentum Trading it's a gap and go buying. the first pullback risk was a stop down at about 240. so about five cent stop. I could have traded this with 6,000 or even 12 thousand shares like I did you know on some other stocks earlier in the week? but I decided to be a little more conservative which I think was the right move.

Now this did have news of quarterly earnings. It was a 50% increase year-over-year which is great, but I just I wasn't I wasn't totally sure, especially after losing on it yesterday. So that was SF et the other three stocks had traded meds and VI V and G tech NV IV Ng Tech were both on the Gap scanner. G Tech is right here and VI VI must be missing it was somewhere on here.

so in any case, G Tech Well let's look at Meds first. Meds was actually the second stock it traded and I bought this pullback right here. As you can see, this was a pretty lackluster breakout. It wasn't very big and I sold it for a 34 dollar profit.

So I actually thought that that might have been a read trade. so I counted that in my head is my first read trade because you know my So again know what when I'm not looking at the P&L I don't know for sure how much I'm up or down right? I'm kind of guessing I have a sense but I'm not positive and so I knew I was green on sfe tee and actually I thought I'd probably had made a little bit more on it I thought I was up closer to maybe 2000 but I you know I'm not I'm not used to trading with 2,000 shares so when you trade with small-sized you're winners are smaller. so SF et only 1300 in profit which is small for me and then Meds I thought was my first red trade and then maybe I'll just I'll stretch this out here so it's easier to read. Alright, so there we go.

So Meds was the first trade that I thought was read right here. Then the second trade was NV IV This stock hit the momentum scanner back here a couple times and I bought it for the break of the pre market highs. What? I really liked about this stock was on the daily chart. chapter four of The Warrior pro Course Big gap.

That big gap is what I got excited about and so I bought it for the break of two which was like right here. It wasn't a good one minute setup, however it was a strong daily setup. So anyways I took that trade and it only had a high of like 208 and I stopped out for a eighty dollar loss and then GTECH popped up and I bought this out of the second halt which is always a little risky I bought it up here at 4:55 and hit a high of let's see what was this I don't know around 475 before rolling over and so I lost $250 and so with that I was like nope, that was three bad trades in a row and I would say Meds was a bad trade because I'm basically break even on it. So three bad trades in a row? I'm done for the day and hey, look at that.

A thousand bucks in the first thirty minutes so my work is done. You know I'd like to make a little more than a thousand. It's not quite my daily goal. It's not my daily average.

It's below it, but at the same time. I the writing's on the wall. I Had a couple of good trades on SF et and then three kind of soso trades in a row. So $1000 in 30 minutes? Yeah, where else can you do that? I'm happy with that.

so it's a good day. I want to be grateful for that and I'll be back at it tomorrow, no doubt. if I chose to capture it, keep trading. I'm sure there will be other stocks that pop up, but if I have you know a fourth trade and it's a loss, then I might be up only 900 and then up only 800 and then 700.

And at this point I've seen my P&L and I'm not gonna keep trading. So you know one of the things that sometimes people will think is that to make more money, you need to trade longer hours and you spend more time trading. and I have consistently found that that is not true. The longer I trade the less I make.

And if you want some verifiable proof of that with my metrics I can show you my my reports here. So this is this is my this is last year from January 1st 2019 through the end of March 2019 and so as it turned out during that period I was read on. Wednesdays I Don't know that was strange, but let's see Oh time of day is what I was gonna show you. So I made one hundred and eleven thousand between 9:30 and 10:00 and then after 10 a.m.

I was negative I mean I this canceled that out and so there was really nothing after 10 a.m. What about this year? Let's just change this to 20 and 20. Does that hold true one year later? And in fact it does. I tried trading a little bit more past 10:00 a.m.

you know, a little through here and then of course that surprise loss and they want to have that surprise lost a nice the rest the afternoon trying to make it back and then another surprise loss. So I am breaking all of this cancel each other out. All of it. It's not worth it.

so you know those are my metrics. Those are the metrics for my strategy. There may be other strategies that can accommodate afternoon trading, but I think the biggest battle each day when you trade is is really your emotions and after a certain point in the day it is really hard to have a looks like I wonder if I lost my data I Have absolutely no. Nothing is updating on these stocks.

Hmm well I guess these are this is super low volume apt. Yeah so anyways yeah that battle with the emotions because once you start giving back profit then you feel like you got to keep trading and you get yourself into some trouble. So Karen can I talk about the false breakout on SME T Sure. So false breakouts are part of trading, you know? I my accuracy is about anywhere from 65 to 75 percent.

This is one of those trades where the first gamble to make a new high made sense. However, it had already pulled back quite a bit all the way down to 317 and so by the time it popped up here, it was already up from the low like 70 cents. Some people who bought the dip were selling up here and so that I think created a little bit of upside resistance I got in just below and was selling here as well. So I think perhaps the stock was a little too extended and the pullback was a little premature and it just ended up running out of steam.

I Don't know if there's a lot more to say of how you could necessarily evaluate why this happened the way it did apt popping up. You know Again, one of the challenges for me with some of these stocks in this price range is that the spreads can get bigger, the whips can get bigger and more. German and if you trade them the wrong way, you can get yourself into a real pickle. So I'd rather stick with the easier stuff.

make a thousand bucks if that means I'm gonna leave money on the table on some of these, so be it. I'm gonna focus on the easy stuff right now, especially the beginning of a month just to try to start this month off strong. So good luck for those of you guys that keep trading today. and I will be back at it first thing tomorrow morning.

Same time as always. Class will be open 9 a.m. 9:15 We'll do our watchlist 9:30 the bell will ring I'll be trading for about 30 minutes up to an hour. I'll try to make another thousand bucks, maybe more and that will do the recap and before we know it, be at the end of week.

Alright, so that's it for me. I'll see you guys first thing tomorrow morning. Hey did you know every morning? I Go Live to scream at Free Market Watch List. subscribe to the channel, press the alert button and you'll get the notifications.

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