What's up, everyone? All right? Well here we are: Monday Morning and boy Dow Jones Industrial Average down almost 3,000 points today Sp500 down 10% I'm awful for $11,000 you know I don't like the market being down this much. It's obviously not good for the economy. I Mean it's not a good reflection of the economy. It's not good for long-term investments, but volatility is opportunity.

We had a lot of volatility today and I was able to capitalize on it and make some some good money. Over the last couple weeks I've been trading the VIX a little bed and trading the Sp500 and today that kind of all came together with a couple of really solid trades which is great I needed it, you know I had a bad start to March and now these last few weeks have been a real stuck in the right direction. In fact, over the last seven days the last seven days I've been green. Seven consecutive green days.

Meanwhile, a market has been tanking. So the very fact that as a day trader focusing on equality setups I could be green in these market conditions is is really great. So I feel good about that I'll live to trade another day. Made it through today I'm back to all cash in my trading account so whatever happens overnight.

I Don't have to worry about it, but I'll be back at it first thing tomorrow morning. We're ready to trade the action so that's the game plan. I'll see you guys then. As always questions Comments: leave them down below.

make sure you are registered to my AMA that's gonna take place tomorrow I Haven't announced the time yet, but make sure you guys register. Actually put a link right in the top of the description so you guys can register to that Ama and you know tomorrow I'm gonna be wearing green because it is St. Patrick's Day Exciting! So I'll see you guys first thing tomorrow morning. All right everyone, So we're gonna do our midday market recap.

It is 4:00 p.m. The markets have just closed down just about ten percent on the Sp500 quite a day, but volatility is opportunity and I did pretty well with it today. Eleven thousand, Two hundred, Ninety four dollars of profit including some trades during the White House press hearing that took place at the beginning of about 3:15 p.m. right through here.

So I was up about nine thousand before going into these trades through this area. There's actually starting right about here, so add an extra two thousand dollars of profit mainly on S. Vxy and VIX those were the two that I was focusing on during the White House press here. But let's go back to the very beginning of the day.

So today started with the markets looking that we would open down about ten percent. So actually if I step back you can see how we open down 10 percent, recovered the losses and then gave him back. All right. So in the first well as I was working on my watch list around 9:15 or you know, between 9:00 and 9:30 I knew the market was down significantly and I knew that this was gonna weigh on probably all of my ability to trade small caps today.

If I look at the Gap scanner at 9:15 a.m. we have au p GN with approximately 2.8 million shares of volume pre market and a 5.3 million share float and T VIX up 58 percent. Well, TB IX got me pretty good a couple times last week so I wasn't super interested in trading it and just again. for those of you guys that are sort of at the beginning of the learning curve and just getting started trading or who haven't heard me talk about TB IX My We of course as you guys know, we have the Sp500 which the SP why is the ticker excuse me that I use to trade the Sp500 and so the Sp500 is ETF of 500 US companies for 500 large companies.

Now if you want to trade the S&P 500, there's a couple different ways you can do it. You can simply buy the SP 500 right here, type in SP Y or click the way this here and click buy. But of course that thousand shares would cost $240,000 because it's two hundred and forty dollars a share and so there's a lower-priced derivative of the SP called Spxl. Spxl is in fact the SP 500 leveraged times three.

And so this morning, when the SP was down 10% Spxl was down 30% and this morning as the market bounced up 5% Spxl bounced up 15% and so you can see that was one of the ones that I traded here. and we'll talk about those trades in a moment. Let's see, let me just scroll down here from Chat Bean. Now there's also XP L sorry XP s, X sorry s P X s which is also a three times leveraged, but it's an inverse.

Which means because the market this morning was down 10% this was up 10% times three, up 30% So this is in fact the exact inverse of Spxl. So Spxl SP XS These are two ways that you can trade the S&P 500 without having to tie up $240,000 which is obviously preferred. and you can of course take options trades on the SP 500 as well, but that's not something that I would be as interested in. It's easier just for me to trade the outright stock.

So there we've got the SP 500 and we've got two derivatives: SP x S & SP XL. On the other side, we've got Vixx, the volatility index, and a popular instrument of the volatility index is VX x. So the volatility index goes up essentially when the market goes down because people get scared and they get nervous. And so as the market has been dropping, VIX has been squeezing up and you can see since the the market drop began.

VIX has gone from 12 all the way up to $60 T VIX is another VIX financial instrument that you can trade. It's very similar, but as you can see, this one is up times 10. It's moved that much faster. in fact a little higher than that from a low of about 43 dollars all the way up to six hundred and twenty seven dollars.

And then you also have UV XY which is another derivative of the VIX which is up from 10 to about 95. and then you have s VX Y s being bearish. So this is for the short sign and this is dropped from 67 down to 28 and you can see that: I traded S Vxy, I traded VIX and I traded SP XS Spxl Delta gold blue apron, a coronavirus stock and OPG So those are the stocks that trade today. I was pretty active Now back to the very kind of beginning of the day.

o PGN I Wasn't very interested in because I knew this morning that we would have a little bit of a problem. The bell would ring and you know what would happen. The entire market would halt for 15 minutes and I knew that that's what was gonna happen because there are volatility thresholds in the market. One of them is when the market is down more than 7 percent.

If the entire market is down is if the Sp500 is down more than 7 percent. the entire market gets halted for a 5 minute volatility pause that allows traders and investors to take a breath and hopefully avoid a flash crash. So as soon as the bell rang because the market was already down 10% the 7% threshold was immediately triggered and the market was halted for 15 minutes. So we basically got a delayed open at the open I wasn't really very interested in Oh PG n because I sort of thought all eyes would be on the market and so this is my live trading from this morning.

So it's as you can see: 946 the market has resumed and is currently down eleven point, two, two percent. The Dow is down two thousand, Seven hundred Thirty three points and I have Spxl up right here and it's currently at $22 Down Thirty five percent, right? It's a multiple of about three. I'm watching this to go along I Think that the market is gonna bounce and the reason I think that is because I mean the markets already down 11% This is an incredible drop. Does it have more room to the downside? I Suppose so.

but I feel like the rubber band is pretty stretched out and so I think it's I've got more potential to the upside than the downside and so I'm looking for that first opportunity to take a snap and if it doesn't work right away, I'll take a second stab and so as I'm watching it right here. I'm watching Spxl I'm watching the S Py and I see green right here on the SP Y S&P 500. So I'm watching I'm looking for the market to bounce I type in a thousand shares I've got my order ready for a thousand shares. There's some green right here.

There's some people buying a 2206 22:02 2201 There's more green there. I have my hand on the Buy button and there. I'm in. As you can see right here in this moment it's starting to pop up.

We're starting to bottom out a little bit of course I need to keep a tight stop on it. but now I'm in with 3,000 shares. the markets down 11% but I'm looking for the market to bounce as well. Initially, on a trade like this, you know it's never wrong to take a little profit into that first little pot.

which was a nice pop there. However, I was looking for a move up towards 23 dollars. a full dollar a share would be three thousand dollars of profit. So right now I'm I'm breakeven.

but I'm still holding and I still have conviction that if the market starts to bounce here and I think it's going to that, we'll get a move higher. Now the markets down: Tempera: 10.9% We're at 239 72 39 to 40 For a second there - 40 to 45. Okay, so now we're starting to move up to 41 coming up. Now We're getting a little bounce.

That's what I was looking for and over here. I'm really in the driver's seat - 41 we're 68 by 70. you can see the it's jumping around very quickly, but I'm up over $2,000 and in a moment I'm gonna start to take a little bit of that profit off the table, which is always in my opinion a good thing to do because trades can go right back down to break even if you take profit. So I put down an order, take some profit, and now I'm holding just 750 shares basically.

Well, technically 25 30 minutes, almost 30 minutes in I'm up two thousand dollars although the markets really only been trading for a few minutes I put in a stop order at 2250 so I can focus on other stocks if I want to. Now we're at twenty three, twenty ten percent. But we're starting to see this bounce. so you can see here, the market's continuing to bounce and we have on the SP a micro pullback happening right here at 243.

Now this was really tough for me because while this was happening I felt like what I really wanted to do was buy Spxl for a break of 243 because this was clearly to me a flat top breakout pattern. However, if I bought 2,000 shares up there for the break of the high in Spxl, it's gonna mess up my great cost basis down here at 2206. And so what I decided to do was to hold this nice cost basis and not add when the SP broke that level and III wonder if that was maybe a mistake because I have a good amount of conviction in this trade. Let's back it up here just for a second.

So it's we're coming up right? Okay, so right here I'm watching the market to break over 243 current price on SP Excel is right now 23 36 so the ad spot will be when the market breaks right now. that's the ad spot right now. So about 57. Now if I'd added 3,000 shares at 57 and all of a sudden does a false breakout and goes back to 36.

I'm going to lose 600 bucks. All right. So now 57 feels okay. I'm up 10 cents 15 cents back to 10 cents 15 20 cents 25 cents.

So that was a nice break in the SP all the way up to 244. I'm still holding. It's not that I don't still have profit, but I could have If would those three thousand shares probably add an extra six hundred dollars through that breakout? Whereas three hundred shares was 750, three hundred dollars was 750 shares is just not gonna happen. 30 cents.

It's only 150 bucks. So we end up having a really nice move in the SP. As you can see here, this gave some great opportunity and then there was another pullback right here, at 247. So 247 will give us another pullback and this ends up continuing to move higher.

So some really nice trades there on SP Excel and I ended up walking away up 4,186 dollars or $26 So nice trades there o PGN I Didn't trade immediately out of the gates. Um, the Bell you know the market opened, it kind of sold off and I was like, well, I guess that's fine, you know, no big deal, whatever. But then all of a sudden it breaks through the V whap here at about 10:30 and pops up to 374. Alright, so let's look at that trade.

Um, looks like it's not loving that chart. but in any case, my entry was right here on this micro pullback. At 375, his squeeze is up over 4 up to the halt level of 434. It opens hi, it pulls back, it breaks 480 and squeezes to 576.

Amazing! Absolutely amazing. First pull back another good trade I Bought the first pullback first Camel to make a new high right here at about 80 and we move up to 35 so I locked up 2,600 dollars in profit on that. I Was a little cautious on my share size initially because I felt that the attention was really on the overall market and and not not as much on individual stocks. and one of my earlier trades on a PRN blue apron had been a loser.

so I was like I don't know I'm a little cautious on OPG n so I went a little easy on share size but I was able to walk away to $2,600 blue Apron My only trade on it was this pullback right here. this one minute pullback I was so actually sorry I took two trades this was my first trade on it and I lost about 20 dollars I then got back in as I had this consolidation right here at 28 for the break over the highs, I hit a high of 36 and then failed and then it broke again hit a high of 44 and I took that trade as well. but I only made two hundred forty-one dollars on it so it wasn't really that great. the VIX my VIX trades.

these were trades that I took through this area here. So I took a trade right here for the break over 50 764 high a day and I also took a couple pullback trades as it was squeezing up right here. so this was as the market was selling off. market was selling off right here, grinding lower.

So I was watching the market on the Bear Flag to resolve down and as soon as it would start to resolve I would buy, the VIX market started to pop up a little bit. That gave a nice little trade on SVX y sv. XY of course goes up when the market goes up as well a little bit more in tandem. It's an inverse of the VIX so a couple nice trades there mRNA This had a squeeze up and a halt right here at 25 96 earlier this morning on resumption from the hall.

I bought for the break over 27, we got squeezed up to 27 60. Nice quickl trade there. Delta Airlines I Tried trading this during the White House speech when Trump announced the airline that we're gonna help them but that didn't end up really working and my one trade on the SP Shore is actually the one of the ones that's my biggest loser today. and I just I just had the wrong timing on this.

so kind of no doubt a wild day. I Definitely traded a lot today, more than on an average day, but there were some great opportunities and I'm happy with the way I capitalized on them. Today is now my seventh consecutive green day. So the last seven days they haven't all been big homerun days, but I've been working on recouping some of the losses from the last, well, two days of February in the first week of March when I had a little bit of a red streak there for about six days.

So I'm glad to be putting some green between me and that last red streak. and I hope that we continue to see some good opportunities over the coming weeks. and I don't have any reason to think that we won't. There's a lot of volatility in the market.

The market today closed down 10% It's pretty pretty nasty and it may continue to get a little bit worse before it gets better. So I'm buckled up and I'm gonna try to continue to ride the momentum and make as much as I can during these times. I Think the very fact that in the last seven days despite the market going, let's see one, two, three, four, five, Six seven. So in these seven days right here every single day I've been Green So volatility equals opportunity and I'm going to hope to be able to keep it up here through the rest of March All right, so that's it for me.

I Hope you guys all have a great afternoon! I Know that this these markets can definitely bring out some emotions. so kind of bringing back down the share size. You know, taking a little bit of a breath and trying not to get yourself you know, too stressed out is a probably a good idea. And today I didn't hit my share size on anything I really wasn't that aggressive.

Spxl 3000 shares o PGN 3000 shares Six thousand shares Vicks 2,000 shares Three thousand shares. so nothing nothing super big. It took it pretty easy. Alright you guys have a great day! I Will see you all first thing tomorrow morning.

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