What's up you guys? Alright, Well there it is. Eight thousand, seven hundred thirty dollars and finish up the week. This has been an awesome week. I'm trying not to get too excited about it because you know.

Obviously, with trading easy come easy Go. you know it's great to have green days, but you don't want to get so ecstatic over them that you get sloppy and complacent and then that course can lead to red days. After red days, you don't want to get so frazzled that you start getting impulsive or desperate and that makes it worse. so you know it's it's trying as much as possible to almost detach from it's it's almost attached from how much you make or lose each day in the sense that each day you come in, you come in kind of fresh.

now. Um, I Say that on the one hand and of course on the other hand, you know, like we kind of talked about sometimes with you know, racecar driving and doing laughs. You need to know if today's a day where you're setting your best laps because it tells you that you know the track is, the cars tune right, the track is great, and today's the day to go. For that record, you know I mean it.

Obviously, if you're having a great day trading, you need to be aware of it at that moment so you can kind of try to lean into it and make it. You know, potentially one of your best days of the year. You don't want a day that could have been your best day of the year to be the day that you're like, oh okay, I'm gonna stop trading at 9:45 I've hit my daily goal so it's like you have to be in touch with the market and how you're doing, but then at the same time be able to detach from it. So when you come in the next day or if you're having a red day, you don't let that PNL allow you I Suppose Really, you could trade emotionally I Guess that's really the thing is to detach the emotions that are tied with losing money and that disappointment or making money in that you know excitement when you allow those emotions to sort of flood over into your trading decision.

That's when you can really get into some trouble and you know, say it from experience. So during this recap, you're gonna watch me experience some pretty serious FOMO on a stock as it doubles tops, it breaks through eight and rips almost all the way up to twelve dollars. Without me, it goes through one two circuit breaker halts and then a third one coming back down and we played out I Walk I Blew record through the whole thing and in between the halls I Talked a little bit about my kind of struggles with a few of the trades that took last year that were in circuit breaker hauls and the challenge of these two styles of trading. one of holding the whole thing for the big move and the other of taking profit as you go.

So I'd love for you guys to comment below. What you think makes more sense taking profit as you go or holding the whole thing for the big move because this week you know stocks like my O be NTC today those are stocks where if you held the whole thing for the big move you could have really killed it but it feels like those are few and far between. It feels like whenever I try to hold the whole thing for the big move I end up getting stopped, out, break even or even for a loss. and in fact the three stocks that I trade to today when I traded them.

if I had not taken profit as I went I wouldn't have made eight thousand dollars. But what do you guys think? Leave comments below. I'll see you guys first thing on Monday morning and this weekend you're gonna see a couple new episodes coming up on YouTube One will be 2019 Year in Review and the second will be the month of January a roller coaster month in Review So I hope you guys enjoy those I'll see you on Monday morning. All right everyone.

So we're gonna do our midday market recap. We're gonna go over the trades from this morning. A couple of good trades: A Traded three stocks, green on three names and up eight thousand seven hundred thirty dollars. So I am now green every day this week.

So five green days in a row here, plus three green days from last week. So that's eight green days in a row and I'm up. I guess at this point about forty eight thousand on the month, which is a fantastic start to the month. It really can't ask for much more than that I know I Came in this morning with a daily goal of $1,000 I wasn't looking to make a lot I was perfectly content to have a small green day to finish.

what is? You know, what had been a terrific week up until today, but YTN ended up being the stock right out of the gates. That gave me a solid trade and ended up. you know, just like that, putting me well above the daily goal and up close to 50,000 on the month. so that's terrific.

And I guess my hot streak that has sort of started towards the end of last last week. Let me see where I didn't look closely at how much I made last week, but let me take a look here just out of curiosity on my calendar. let's see on my my trading records. So I guess I made about.

Let's see that was 10. So about $14,000 in the last three days of last week. So I guess that puts me up 4858 Sixty-two thousand dollars and eight days. so I'm tempted to write that down cuz that's 60 2008 days.

That's pretty sweet. but I want to not try to hold too much of a measuring stick there and get myself fixated on trying to I don't know, you know, do hit a hundred grand in ten days. or you know, sometimes when I start to I'm just I always sort of do that and that can throw me off my Center so in any case, doesn't really matter all that much. other than it's been a great week.

It's been a great start to February And let's look at why. te n So this stock I actually took off yesterday. It started to open up yesterday around I don't know. Three in the afternoon and it was kind of a surprise.

Stock it just all of a sudden started to take off and so this is the there was a filing out. was this one yesterday? Let's see. I'm not sure if this one was the one from yesterday if this is the one from this morning, but there was an SEC filing out yesterday and then I guess another one today of well if you purchased more than I think it's is it ten percent. If you purchase more than ten percent of the outstanding shares, you have to disclose that and so that gets disclosed.

And these SEC filings because you're taking a stake in the company. So there were two of those One yesterday, one today and then this morning. We had this headline here that brokerages set $19 price target for a white n now sometimes when this happens I feel like it's setting us up for a secondary offering and I can sometimes be a little suspicious and but on the other hand we will sometimes see stocks like this really open up and YT En is a stock that has a history of making some big moves. You can see back here some of these candles where it just shot up.

so because of that I generally was feeling pretty bullish on the stock I didn't trade it yesterday of course afternoon trading I've told myself not to do but pre market. you can see it was squeezing up here coming up, coming up, coming up and we had a pre market high of just under $14 So right into the open this is what we were looking at. Alright so this is our five-minute chart. So what I ended up doing was drawing resistance lines and this is all based on Chapter Four, the Warrior pro course, the day trading courses I teach and so I knew we had some resistance at around Fourteen, Fourteen, eighty fifty, and sixty sixteen.

Then we have room to 1906, nineteen sixty, and then room up to twenty three. I Knew that the two hundred moving average was at twenty to thirty six, so that was going to be a potential resistance point, but otherwise we had you know, some nice little kind of pockets of of opportunity. So as soon as the bell rings, I'm watching this and it opens and it dips down to thirteen and I stepped up to the plate and I bought the dip. So let me show you this live recording here of the first ten minutes of the day.

First, only five minutes of the day. All right. so we're watching YT en and then it fast-forward to the open. Alright, so you can see right here.

we've got about thirty seconds to the Bell. All right. So I've typed in my order entry window thank goodness. I tabbed over to the IRA because if I hadn't I would have missed the entire trade.

This is a very quick trade. Our pre-market chart is showing the high at Thirteen Ninety Nine. Little pullback here: it's up 29% on one million shares of volume. Okay, so I'm gonna play this.

that's 58 59 The bell has just rung. kind of a funny open because it didn't really get like all of a sudden I don't know. Seemed like a little bit of a staggered open and but it could be that that could be just my computer or something I don't know. So anyways, we got the open I'm seeing it dip down and right there I jumped in.

So what I did on this was a little aggressive and I bought the dip I was pretty confident right here when I saw this red eye. this is where I was wanting to get filled to 29. So I I'm clicking the Buy button here and I'm filling at 37, 44, and 47 and then adding right there. So I guess actually for a second I was down a little bit more than I realized.

However, I had a pretty high level of conviction that this dip would get bought up. Being as green as I am on the week, I was willing to take the risk on this trade being that it was the leading gapper, the one that looked the best. And so I'm in here. Moment of Truth needs to break 75.

If it breaks 75, that psychological resistance as soon as it breaks there, there's a great chance it's gonna break 14. Boom! I put an order on the ask or I might even be. I've been hitting the bid there so I'm taking some shares out and just like that, look at that profit stack up Six thousand, three hundred, twenty-five dollars. So let's back that up for one second because it was a little moment of truth.

I got in thinking right there it was gonna surge up so it was anticipating a red to green move and a breakthrough 14. We got the breakthrough 14. from there, I was down to 600 shares, willing to hold through this pullback and consider adding back if it breaks over 1450. That was my next psychological spot that I wanted to add for that move up towards 16.

Watching right there that's looking good 1460 and then all of a sudden it breaks 14 and it flushes down. Quick drop to 83 people panic out, then drop to 60, drop to 50. So I'm still holding my 600 shares. I'm like, all right.

Well, it's not surprising that it's got some volatility here in a lot of ways. Buying dip pullbacks like this is one of the lowest risk setups because you're buying so close to support. Now the stop had to be below 13. no doubt about it.

had to stop at 13 if it broke that level. It flashed there for a second and I was I was like oh, this might have been I might have you know I might be wrong on this one. but buying the dip there in this case my downside was about 40 cents per share and my upside, well was over a dollar and 40 cents per share. So about three to one risk versus reward.

Again, you could have taken this trade with 80 shares or 800 or 8,000 or 10,000 I mean you share size based on your risk tolerance but I really like it when I get the opportunity to buy a dip like that because almost always we get that quick red to green move and that just creates this instant 50 cent anywhere from 50 cents to $1 breakout I won't do that setup unless the stock has at least 50 Cent's of profit potential because when I do buy a dip there, there's obviously you know some downside risk there because you're kind of buying slightly against the trend but expecting it to reverse so you know it was maybe a little bit of a aggressive I think the only thing on this that was really aggressive for me was my share size. maybe more so than usual. but I think today, given the momentum we've been seeing, it was the right. it's the right time of, kind of.

You know it's just one thing to talk about. When is it the time to put the pedal to the metal and when's at the time to ease off the throttle. Given the fact that I've had, you know now this is. well.

I had seven green days in a row coming into today. The market was hot which was our leading gapper. Well, we had a couple, but these were lower you know, price and the flows were higher. So YT En this was.

this was the one that I think a lot of people were really looking at. This was I think the most obvious gap. so in the most obvious gap, Er fits within my strategy and is moving and showing potential. That's the time I'm gonna step up to the plate now after YT En ended up coming back down and not holding up super well.

I was a little cautious BNT See, this stock hits our high a day momentum scanner down where it was it like down here and you can see it's up at 7:50 Right now, it's been kind of a wild ride. I'm just gonna put this up here B NTC 768 it looks like it's gonna haul it going back up. So this one it had this first pullback right here I didn't trade that, it pops up to 680 I didn't trade that either because I pulled it up and I was like well I don't see news on it I see that it's a recent reverse split and reverse splits have been working fairly well for us, but this one doesn't have news I'm not sure I'm hesitating so I hesitated for a little while it consolidates sideways, it holds up, the spreads, start to tighten, its up 20% on 172 times relative volume and so as it came right up here to break over 75, I was like, you know what? I'm gonna give it a try So I jumped in as it broke over 75. it rips up to 713 and gets halted come.

its then halted for five minutes coming out of the halt. I added at 7:44 and 750. so right in this area I actually doubled my share size right here. it squeezes up to 794 I take some profit in the 7 80s.

Oh look I don't know if I got any filled in the 90s. Let me look. no. 788 was my highest exit, but you know that was okay.

So I got some profit there and then it flushed down and I ended up selling the rest of it for a loss. So I was net positive on it by 2800 but I didn't hold up very well, it halted coming back down. but then now here all of a sudden is squeezing back up. This is a classic double top setup.

So what you have here is this cup shape so the cup holds the water and but the problem is although you can buy a break of the high and in this case it would probably squeeze out some short sellers so it probably will work. Usually what we like to see to reestablish lower risk is a little bit of a pullback which forms the handle off of that handle. That's where we're buying and sometimes that occurs right through here, just underneath high a day and then what you end up doing is you're basically buying a flat top break out. Sometimes it occurs a little below or a little above.

This will probably occur a little bit above, but remember that back of mind a resistance level is up here at $9 which is the 200. So you know that this didn't end up being a particularly impressive trade. and then what's going on here. And then my last trade was a Keer which also hit the momentum scanners up.

Let's see when I hit the scanners was up about 10% on I think 20 times relative volume. So right here a keer. So I pulled it up again I Saw that this is a somewhat recent reverse split and it has gap-fill on a daily chart from 385 all the way up to 555 almost 6. So that's basically a window with no resistance which is you know what we like to see.

So I jumped into it for the break of 4 it hit a high of 410, came back down and I stopped out just shy of breakeven up $55 and with that I said you know what I feel like the writing's on the wall yte and has failed be NTC at the time. oops BMTC at the time seemed like it was failing. that was before it came back up here and a keer failed. So I say you know what the writing is on the wall I'm gonna call it a day with eighty seven hundred dollars of profit and and not push my luck Now of course I'm feeling a little bit of FOMO because you know you can see obviously be NCC is surged back up I didn't take the trade on the way back up and you know I'm obviously gonna miss that opportunity there so you know that FOMO will have me thinking maybe I should buy you know a little bit of a breakout up here.

So let's watch this what I might do kind of on resumption is you know, maybe do a hundred shares just for the heck of it. Have a little trade as a demonstration so let's see. So the whole time was that? So this was the halt time. It was actually ten 22 and 33 seconds.

That was the last print, ten 22 and 33 seconds. So the resumption should be 10, 27, and 33 seconds. Exactly five minutes later. unless it's a 10-minute halt.

Now if it's a 10-minute halt, usually that means it's gonna open quite a bit higher, which is great if you're in it, but it can make it a little bit hard to to add so you know. I I Honestly think that the best quality on this would be. you know it gaps up, maybe the 825 squeezes up to 850, does a little micro pull back, and then establishes a lower-risk entry for a trade from you know, 835 up towards nine. But just remember, you've got that resistance at Nine.

So let's see, we've got resumption here coming up in just a few seconds. I'll just move this down here for now. So this is our level 2, our level 2, and our time in sales window. So is it gonna be a 5-minute long haul? I See 840 on the bid? That would be a 40 cent gap.

so it's still halted. But give it a second because the last one was halted for a few seconds longer than 5 minutes. Alright, so looks like you guys have a 10 minute long haul. So for those of you guys that are in this, I'm expecting that this is gonna open on the higher side I see 888 on the bid but these it flashes around a little bit as it gets closer to as it gets closer to the open.

Sometimes those will sort of dial in and be a little closer to what it actually is, but other times they're totally inaccurate. You know you'll see 788 and then it opens it like $11 and you're like I didn't even see that coming. So it does sometimes surprise all right? So it looks like we're gonna run this recap here for another well 4 minutes now at least as I look at this on the 1-minute chart. The 5 minute I I wouldn't have been a buyer down here for the first 5-minute Campbell to make a new high because it was below the V web last month.

A lot of the trades I took where I entered stocks below view AB ended up being some of my biggest losers. So I want to be careful about doing that this this month. Now this right here. Now that's a little bit better.

Okay, it's it's again not perfect because the highest volume of the day was on these three red candles which really is not what you like to see. So you got these three red candles of high volume and there wasn't even that much volume here as it went into the hall and now is it's coming back up. The volume is still a little on the lighter side, so the high is 788, high of day was 794. It won't hit high a day momentum scanners until it actually hits a new high so it needs to break over 88.

I Agree, Yeah, this is a shooting star candle. Typically can't a weak handle of indecision. it's It's uncommon to see a stock do this. so like if I was in it going down I it would have been very unlikely for me to hold and think, oh, this has a good chance of retracing its move.

It didn't really have a good chance in my opinion, but it did, which really makes it even that much stronger as opposed. It's really quite unusual is it's not unlike what we saw in an NBC on the daily. This was very unusual and NBC that the stock squeezed up and then it on the next day. They did a secondary offering and it came all the way back down to 365.

So the stock dropped like 90 percent or 80 percent overnight and then over the next three days it rallies all the way back up to 20 bucks. it dropped again. Okay, all right, fool me. Once you know whatever, then it does it a second time all the way back up here.

Now this is the third time. So I think it's fading. Um, all right. So what's our timestamp? So we're 10:30 so we've still got two minutes and about two minutes to resumption? BNT See now one of the things that some brokers will let you do not at all, but some brokers will let you place orders while stocks are halted.

So I could place an order here. For instance, you know to buy shares at 760 so that that would be a live order and it'll sit there. and if I if it opens and it dips down, it might pick up my shares and then as it squeezes back up. I could be taking profit and sometimes I think that you know that's risky to do because you don't know for sure where stocks will open.

but sometimes I'll do that and kind of, you know, like aspirational. Well, hey, if maybe you know. if I hey, if it dips down and flashes to 760 and then rips up to two eight, you know maybe I'll get a fill. I'd you know? I'm not sure it's easier for me rather than doing that just to actually watch it as it's happening.

I'm usually gonna be getting in a little bit higher, but I'll feel it more comfortable with that. Alright, so we've got about 20 seconds to resumption. 30 seconds if we open as close. You know, if we open at 9:00 then we would have to see it break through 9:00 and get above the view app and order above the 200 in order to really reestablish.

Look at that. Ooh 1060 it starts to get exciting. Okay, 9:00 Great job you guys. Look at that.

990. Terrific and it's gonna go into a second halt. Great job you guys! So I'm sitting from the sidelines I'm rootin' for you guys I mean that's that's beautiful. But again, we're right.

we're now officially through the 200. Let's watch this pullback. So right now I'd be a buyer over 990 So that's the spot where I would typically be a buyer. but look at that spread.

ooh 25 Bite there. So I'm gonna watch 990 you see Green there? oops. Gonna update my order 990. So we've got nine dollars on the bid so would I be anticipating is a break over this level here.

The low of this was 843 so you don't want to see a break below 843. so I'd say probably over 975 would be where I press the Buy button and that ripped too fast so I'm not gonna get filled there. there's 1008 there's 1040 so you can see how that pullback they're terrific. Nice Jess Good work.

So now we're up a hundred percent so you know this manned up giving us some more opportunities. The struggle for me is and when I see stocks like this I asked myself should I you know should I have stepped up and and taken the tray? um you know I said I was done on the day but then well this all of a sudden and popped up. I should I have gone for it? it's something that I really struggle with because if I had gone for it and I had lost I would have felt like you know I already shut it down and then I came back, took another trade and you know look at me now I'm now I'm now I'm up only you know 6,000 on the day? well gay how fast that just dropped on that candle right all of a sudden 9:57 What if I had just added at 11 thinking was gonna go into a hall with 2,000 shares I'd be down 3,000 dollars you know? So it anytime you're starting to think about trading from the perspective of oh man I missed that. That's fear of missing out and you've got to acknowledge that that emotion is excuse me you know, kind of.

you know, having an influence on on your decision-making and that's the time to step back. So congratulations to those of you guys that nailed this trade. You know if I had been in it down here which I don't think I really would have under most any circumstances because this setup was so unusual. but if I had been in it I probably would have you know tried to take this tray here with a hundred shares I could have certainly added a hundred bucks or whatever, but this is.

this is a little risky. Hide a volume again on a red candle. It's pretty extended so you know get what you can out of it. But remember, you know to be grateful and you have profit.

The hardest thing about trading and one of the hardest things is knowing when to walk away both on a green day and on a red day. So great job! For those of you guys that made some money on that haul that was a that was a beautiful one. so high now is 98 I Mean if it breaks through 11, it looks like you know this might be a spot where early short sellers, someone who might have shorted the drop. Here it's gonna start to get squeezed out.

So then you start playing the technicals: squeeze on short sellers early short sellers resistance on the daily is right there at 11 90 and then from 11:00 oops, Eleven ninety it has room up to Thirteen seventeen. There's another halt. Now, this wasn't as powerful of a halt in my opinion because it's on slightly lighter volume so it might not gap up as much unless you have someone who's short some really big size who wants to cover as soon as it resumed from the hall. but it kind of.

You Know, this is a little bit of a divergence here because it's going higher on lighter volume after this red candle. This can sometimes be indicative of a false breakout. so I want to be a little careful as I watch this that that? we don't see that false breakout. but you know for you guys to be mindful of that.

so up 110% I guess I had the right idea on this earlier today and you know I made some money on it. This is one of the things with trading. You can always look at stocks and think oh, I could have done better. Everyone could always do better, you know And so it's fine to acknowledge that and say okay, I could do better What could I have done differently on this one and I given the fact that you know and I can show you my my metrics when we get into I'm gonna have some eye metrics uploaded in over the weekend.

but let me look at this if I look at my afternoon trading not even just after noon. my after like 10:30 trading it's been lately. not too impressive. So let's see where's this.

So this is my this is what my afternoon trading has been really: I've been doing really well between nine and ten. Oh my god Andrew is that real money? Andrews shown a screenshot of holding 9500 shares at 7:37 The the only thing I would say on that is you know from experience I've had times where I was holding really big size on a stock as it's squeezing up. and you know what? Selena has a great example of it. Selena had a trade.

What was that trade you had Selena it was a TW MC that was the one that squeezed up like five dollars a share and I think she was holding 800 shares or something and then in one candle it dropped like almost all the way back to break-even And you know if you're Andrew holding that position not to give you advice because you have to do what's right for you. But you know if you're holding that position you haven't taken anything off the table. It shows your P&L on the day is 34, your P&L open is 36. So actually, well I'm not sure how what platform you're in, but in any case, it's always a good idea to take money off the table whether it's you know you real or Sim.

You know, even even if you're trading in the Sim because you want to treat it just like you'll treat it when it's real money. So given the fact that I've been kind of, let's see what time is the resumption, resumption is going to be in about a minute. So given the fact that I have not been performing very well past 10:00 a.m. I've been a lot quicker in the last eight days to just say you know what? I'm gonna I'm gonna step back I'm not gonna overstay my welcome I'm gonna take the money off the table.

Maybe I'm leaving money on the table, but rather leave money on the table then give back profit. And that's what I was doing a lot when I was doing some afternoon trading the last couple months. so all that I would have been better off stopping at 10 a.m. And it does mean I'll miss some stocks like this.

but for every one of these that they missed, there's gonna be five others that I take and that I lose money on. So the net and we're all it's always about. net. the net is that it was not working.

So I'm excited to see resumption on this. So again, like I said, the volume going into the halt was a little on the lighter side. So the high there is eleven sixty. Remember if we get a halt going down, it will.

it will. Almost definitely. So this is where I would have consider. Let's just see what this does.

I'm just putting an order in case it does a false halt going down. but no, it did a real halt going down. So a halt going down I was 11 61 and I think this this right here. Kind of yeah.

I was thinking about buying but it's it's up too high it needs to come down I would consider buying coming out of this next halt if it bounces off V Webb But you know this right here is one of the benefits of being able to you know trade and be part of a community of traders. because when you're doing all of this by yourself, you know if you're a brand new trader, it's a lot to process. You know. Should I Buy here? Should I sell here Is the stock going to keep going? Is it you know? Is there a divergence here or is this just still going up and it's gonna go to 15 cuz it's always you know.

So easy for us to say oh this next stop is 20 bucks, the stock is gonna rip to 30 and so you know Andrew Obviously let's hope that whether you're Sam or real money and I didn't see him answer but um let's see we're G So he say he's got a let me scroll up here so he's got to stop at ten. but of course if you stop going down you get slippage and if it's a halt then you might not get filled. So like right now you said your stop is a 1007 but there's a good chance that this will open lower than that. So if it opens down here, let's say it like you know, 960.

he'll still be a winner because he's in it. He's in with a good price, but he's in from 737. but obviously you want to try to keep as much of it as you can. It's two different strategies of trading though, because the the one strategy of trading is I'm gonna hold my full position.

oh he got out with 24,000 Okay great so the one strategy is I'm gonna hold the whole position and I'm not gonna sell until like the first you know, red candle on the 5-minute or something like that you know you use like sort of bigger stops. you will have some trades like perhaps this one or perhaps M-my Oh On the day that it's squeezed up here from 8 all the way up to 32 you will have some days where that's gonna really pay off for you, but those are going to be fewer and further between Because on a day like today, the first trade that I took on BMTC where I made 2800, you wanted to make money on it because you didn't take your profit off the table. YTN If you were holding that for a rip up to 1617, you wouldn't have made money on it. It came back down just as fast and a keer you would have lost on So you'd be read on the three names.

I'm green on I'm focusing right now on base hits now. Granted, base hits with a thousand shares can be a lot of money, but I'm still focusing on taking that profit pretty much as soon as I have it. So the net result of that strategy and we can go up here too. Let's see, let's go back to, you know, just long stretch of time here.

The net result is that my accuracy is really high because I take profit pretty much as soon as I have it. So as long as I'm right about a stock going up at least 5 or 10% for my entry, I'm usually gonna take some profit and I'll lock up that trade as a winner. My accuracy therefore is high. It's not hard to predict when a stock is gonna break out, you know, by 20 or 30 cents or 5 or 10 percent predicting the myob NTC major breakouts.

those ones are harder. Unfortunately though, the the result of my approach is that my average winners are also a little smaller because I take the profit before they become a homerun. So even though occasionally I'll get a homerun I feel like the times that I get into a trade and I know Mike would agree with me on this because he and I were talking about it with them Tesla earlier this week, the times I get in and I say I'm holding the whole thing 450 I'm not selling anything I swear every time I do that I end up getting stopped out, break even, or even for a loss and it's It's so frustrating so that's just what you know. I just keep saying why Ross Why were you swinging for homeruns? You know, take the profit as you have it now.

Of course, trade the market you're in if you're in. a hot market, that may be a time to let them ride a little bit more. but BNT See this. This was a surprise to me.

That is an unusual pattern I mean we? we don't really cover this pattern in the classes because it's so unusual. This is a clear double top and typically they fail at the double top. This one blew through the double top and squeezed up from 8 to 12. Almost one of the hardest things, no doubt is to sit on the sidelines and watch and not trade them.

It can be too tempting and so typically what I would do with something like this is I would shut off my monitor and I would walk away because if I just sit here and stare at it I'll I'll convince myself to take trades and that's again. I think that's only human and I think that part of being a successful trader is learning to learning to kind of put in restrain systems to prevent you from doing what is only natural to try to bounce back after a big red trade by being overly aggressive. so having that max loss having the rules that if this happens I walk away and actually following them. so this is gonna be a ten-minute halt going down.

Which means most likely it's gonna be a decent-sized gap going down. I had a trade in Italy that I took. This is a great example. I was in Italy Let me go back.

See So when was this overview? let's go Overview 2019 So Italy was June of last year and was it this day I think it might have been this one. Um, let's see, we'll get the details of this so that sucks. No, it's like a bought it stopped out and then it ripped. but now that's not the one I was thinking of.

um there was another one that I had I don't remember which one with what day it was. but in any case there was another one that I took that I jumped into and I was up over $10,000 I was up I think close to 12 grand and I didn't take any of the profit because I was getting greedy and I was thinking this is gonna be my home run. this is gonna be my you know biggest trade of the of the year. I'm gonna set a record here and I didn't get out as it was squeezing up it then halted going down and I was still holding full-size I was holding full-size into a ha going down I hadn't taken any off the table and I ended up going from up 10,000 to down $10,000 on that trade and I was like that's that's what you get, What happens.

Tell you guys a joke. What happens when you cross a greedy trader with a choppy market? You get what you deserve. which is for me, a massive loss. So you know you live and learn and at least I lived.

It took me though a while to bounce back from that. I mean I that you know. Last, and I've got my 20 19 year in review coming up for you guys. I'm gonna upload it tonight actually and one of the things that you'll see is that 2019 for me was choppy I up and then down.

up and then down. up and then down. up and then down and could have done without that. So I'm trying to smooth it out a little bit this year.

it's still a struggle so let's see when's resumption going to be on this. So we've got about 30 seconds to resumption. so let's watch this. It's showing 934 on the bed.

Nine Ten Big spread I Don't like to panic out I Give them a chance to bounce because sometimes they will bounce over ten. The spread is too big to take a trade here. The low is Nine Ten and at this point it's just kind of coming back down. I Will say that on the 5-minute the volume profile is okay because you have green volume as it squeezed up light volume on the pullback.

but on the one minute you have highest volume on a red candle and that's not ideal so you don't want to see it the A so you don't want to see a break there. So good job! For those of you guys that squeezed a little bit of profit out of this unpredictable move and you know we'll go into the weekend feeling good even though I missed it I Have you know the constant faith that there's always another one around the corner? Because that's the way it has always been. so you know, live and learn. This was an unusual setup, but it ended up working so maybe next time I see it I'll take a stab at it with smaller share size but I still want to focus on trading within the time of day that I trade the best which is between of course 9:30 and 10:00 a.m.

between 10:00 and 10:30 especially on a Friday - Feels like little risky but today was wildcard Friday All right so that's it for me I Hope you guys have a great weekend and I will see you back here first thing on Monday morning See you guys on Monday 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 notification.