What's up, everyone? All right? Well here we are: A thousand dollars of profit. Another solid green day, not a home run not like yesterday. yesterday with eleven thousand was awesome today. I'm actually I'm feeling a little frustrated I got some serious FOMO on I MPX I Missed this breakout from 5:17 all the way up to 589 because I'd hit one of my threshold triggers to walk away the first one.

daily max loss I didn't hit that thank goodness the second one giving back half of my gains I hit that the third one. the three red trades in a row. Well, I didn't hit that I had to read trades in a row, but after the second one, I'd given back half of my morning gains and that's when I have to take my profit off the table and walk away I've already given too much back to the market I can't give back anymore. That's something that can be really frustrating because then a moment after you stop out, you see something run without you and your thing.

Man, If I had just taken that trade, not only would I be up to my daily goal I probably double my daily goal, but the other side of them and you always have to think about the risk is that if you had taken that trade and then you lost on that third loser, then you go back to break even on the day. What? if you went red on the day, then you're gonna be sitting there so angry with yourself. Why did I keep training? Why wasn't I grateful for $1,000 that I had made or whatever it happened to be in my case today 1045 dollars. That's good money I should be grateful for that.

And so you know, today is one of those days where I walked away and I ended up seeing something ripped without me. But I remind myself that it feels worse to take the trade and to lose money then it feels just to watch something wrong without you. And the nice thing about watching something run without you is that you can always say you know what I don't want to watch it anymore I'm gonna leave the room I'm gonna walk out of my office and then great. You've got a thousand dollars of profit.

You've got maybe half of what you had earlier, but it's money in your pocket and you're not gonna sit and watch this because it's too tempting. It's too frustrating so that's what I did I came back saw it was up a lot. Felts a little bummed out little. FOMO but live to trade another day.

so today's kind of a treading water day not making progress but that's okay. I'm just gonna wait for the next big Momentum stock that's always. You guys have questions and comments about today's trades. leave them right down there and make sure you are subscribe to the channel that will get the notification when I Go live which will be of course tomorrow morning around 9:00 9:15 when I do my pre market watchlist.

Alright, see you guys in the morning everyone. All right everyone. So we're going with traits from today. Kind of a non-event kind of day.

just a yeah green day. Nothing special, nothing super exciting. No trades in the T V-- Ameritrade account I used up all my buying power yesterday and no trades in my small Cmeg account I Didn't see anything that I really wanted to try to do a small account trade on today. I Am Px was the biggest winner ad Ap was the biggest loser so we'll look at those two.

Is there kind of the most interesting for this morning? So as you can see up one thousand forty five dollars which is half way to the daily goal and I don't think I'm gonna do any better than that. So ad AP This was our fourth leaving gapper this morning, gapping up about 35% I With a pre market high of 650 yesterday, it was incredibly strong. made this really big move as you can see from 2 to 3 to 4 to 5 and then after hours up to 650. So pre market I Was watching it at the open and I took my first trade on it right out of the gates on this break.

Here as you can see of 570 we got like a little bit of a dip and is it surge back up I Jumped in it rode this momentum up to 6. it then does a little pullback right here and flushes back down now as it bounced down here and started to curl back up. I was thinking about the break over 6 and I actually got back in, stopped out and gave back all the profit I'd made from the first trade. So I was read on the day and read read on the stock and I was like alright, well this is not great and I was down actually about $1,500 on it now.

I was kind of stepping up to the plate with bigger share size because I really thought this one had some some good potential in it and then I got back in it down here right as it was kind of starting to curl up I think it was right here that I jumped in I was thinking that since it was breaking this level that we would squeeze up to V whap and I was looking for was a break of you app and a surge back through six. Now the view app. it wasn't about five fifty and I thought that if it broke over five fifty five sixty five, seventy five is next. If it breaks 575, that's a psychological level.

That next thing you know, we should be at 585 595 breaking through six up too high a day 650 was the pre-market high. So I was stepping up to the plate. I bought six thousand shares I stopped out in lost six hundred bucks I then got back in right here as it started to come back up this time I bought 10,000 shares it hits a high of 40, it pulls back, it can't break that level and I stopped out again I was really kind of disappointed and and I feel like maybe in hindsight I was applying a little bit of a kind of confirmation bias on this because of the move that we had well yesterday where it broke below view app and then came back up. However, this context was very different because it started the day strong see PAH Yesterday starts the day you know was kind of similarly strong where it opened, squeezed up, pulled back, broke over B whap and ran but right out of the gates it hit the pre-market high and then yesterday or the day before that it again strong, out of the gates, broke down and then came back up abap.

on the other hand, kind of opened week and so maybe in hindsight I was applying some type of bias in my mind that this was gonna do a view at break when in fact it really wasn't that strong versus where it was pre market it was below the view AB which of course the others were below the view AB but this had didn't squeeze out of the gates that much so maybe an unnecessary loss there of $2,400 and I had one winner and then like three losers on it. So so that was AD AP And you know again, I'm not super happy with how I traded it yesterday on C PAH I Stepped up to the plate with a pretty big 13,000 share position and we got that really. Spray cavy whap here and I was hoping to get another trade like that today. Hey, you know making $10,000 in one day is awesome and I thought 88p had the potential and I think I was just being a little too kind of fixated on the potential and not the actual setup that we were seeing.

Alright, so that was InP sorry that was ABAP This is a Gap scanner from this morning. I'll run this for 9:20 a.m. Gap scan RTI acts leading gap er s LGG second leading gap er s LG G took a trade on it. a second lead in Gapper 7.4 million share float.

Jumped in for the break over the pre-market high which was up here at 533. I Got in for actually for the first five minute candle to make a new high and made some money on it. 900 bucks. Nothing crazy I wasn't able to take big share size and it didn't end up holding this level I Also knew the 200 moving average was a risk factor.

It tapped that level almost to the penny so you know it's whenever you see this. These are examples just to you know. Take a screen shot up and just remind yourself this is why we keep the 200 moving average on the chart. So this one I'm just gonna make a screenshot of and I'll save it for the classes you know I Just kind of keep this library of these examples.

So 200 EMA Resistance level Alright, so add that to the classes. All right so that's SL g Quick little trade on that one TRX see lost 130 on this. It started do a little red to green move as you can see right here I got in it as it popped up I actually got in it right here on this red candle. It hit a high of 42 I stopped out, then it comes back up and rips.

That's the way it sometimes goes. So lost 132 on that and now let's look at IM PX I MPX Now it's same. We find this on the gap skinned Shh so gapping up right here. Ten percent Nine million sorry 99.5 percent ten percent Gap One point two Seven million Sheriff load one hundred fifty thousand shares of pre market volume.

look at the the chart here. SL LG was hitting or SL GG then we had PIR T r XC and then I n PX hits right here. 441 Alright so I MPX kind of interesting and we had this pre market chart as you can see right here where we double topped on the pre-market high for 40 so tapped for 40 pulled back, came back up to 440, pulled back it then started to open up right here and rip up from fight from 444 50 all the way up to 495. Nice trade.

It then does a little pullback right through here. 475 rips over that level hits a high of 515. So I traded this. my I did a couple trades on this because it was on the Gap scanner and I was watching it.

my first. The first spot I was watching it was right here over this pre market pivot of about 410. My first trade on it and let's see just go back up here. and the first trade it looks like was it 410.

So the break of that level and into this breakout here up to a high of 440. So this is my first trade on it right here I then got back in right here and then I got back in right here for the break over this loops the break over this level right here. This was the best trade this one right here. the entry right here at 70 and 75.

Adding at 80 and 90 we end up hitting 95 pulling back for a second there's a 20,000 share seller at 95. Let me see if I have the live recording of this All right. So look for this seller at 95. Okay there we go.

Alright, so um I'm gonna put this up for you All right. So we've got InP X here. I've already got 1,300 1,400 hours of profit on the day 3100 on the stock there's 20,000 shares seller. Okay, so I'm watching this for that level to break.

now. What I do on these is I have my order ready to go at 96 for 3000 shares watching and now there we go as I see the time and sales going through is I see by or stepping up to the plate I punch it it goes from 25 24, 23, 22, 21, 18, 17, 16, 15 13 Boom Just like that I actually tried to buy 12,000 shares I didn't get filled I'm now in with 6000 and watch this just like that I throw an order on the ask as it's squeezing up I don't even know what price the orders going through at I just know that I'm green and I better take some money off the table. Boom it squeezes up I'm taking out profit and just like that I made a thousand bucks now. Had I actually gotten filled with full twelve thousand shares I would have made probably closer to two thousand dollars.

So let's go back and look at that again. Alright, so that was right through. Let's see right around here. Yeah, once is back that up.

Alright so I've got my hand on the Buy button hands on the Buy button looking for it to break over 95. Now it had already come up and hit 95 right here once and that 20,000 shell share seller was sitting there. It came up again right here and that same seller was sitting on the Ask. So now it's coming up a third time.

I don't know whether or not it's gonna break I'm gonna wait for it to start to break. So we've got 22,000 shares on the Ask now we've got 16,000 by 3,000 Boom. Just like that people see that seller coming coming, getting knocked down, coming down, getting bought up and off it goes. So really solid trade.

they're nice. Break out this was and I took two trades here I took the first trade was was right here and then when we hit that seller at 95 I took my profit and got out and then I got back in right there. so very happy with that one. Unfortunately I decided to over trade it a little bit and and this is actually where I started to get myself a little frustrated today.

so so let's look at. let's look at this for a second. So the high here was 17. it pulls back and I got back in at 5:10 right here I got back in right here thinking the first candle was gonna make a new high and break over 5:17 I was wrong and I stopped out and I lost 600 bucks.

All right and then I tried it. actually did that twice right in this area. So I got in here, got out here, got in here, got out here. So when it started to come back up here, you know what happened.

I had already given back half of my profit. So I have a couple of rules and one of those rules is that if I give back half of my gains I've got I've got stopped out I've got to stop trading for the day. So now I you know you can see I went from being up over 2000 to being up only a thousand. so as I see it right here.

I'm now feeling really conflicted because the rules that I have. My first rule is if I hit my max loss I'm done for the day right now I'm you. My max loss that I'm using is 10% of my account. This is, well, actually the max loss that's set on this account right now is $5,000 and that's not.

that's less than 10% in the account. $5,000 is a pretty big max loss. Here's the problem when you trade with 10,000 15,000 shares and you take a trade right out of the gates. It not by any means impossible to lose fifteen hundred dollars or even twenty-five hundred in the first two minutes of the day.

And that does not necessarily mean that the market is bad or that you should stop trading. it just means that based on your large position, you took a good-sized loss. and so I had a day I don't know as a week ago or so where I was down 2,700 in the first like two minutes of trading and I was like I'm I was like this is ridiculous I you know I'm below now I'm below my my max loss in the account which I think was set at only $1,000 but that max loss is too tight because I this isn't I should keep trading and remember two and a half weeks ago I had a day where I was down three thousand dollars in my Cmeg account and I finished the day up fifteen grand. Yes, it was disappointing that I lost on my first trade, but it didn't mean that the market was dead or that I should walk away so you never want to take so much share size on your first trade that you hit max loss.

and so I decided to increase my max loss so I could keep trading with big share size, keep having big gains when it certainly works well, and and be able to just accommodate the potential that I could be down two or three grand in the first trade. So I increased my max loss to five gram. Alright, so um, first rule is if I'm down more than five grand, I'm done trading for the day. Second rule that I've implemented more recently is that if I give back half of my gains, I am done for the day.

Now again, this one's a little tough. I'm up 200 bucks and then I'm up only a hundred. I'm not gonna count that because I really am only gonna count it when I hit my daily goal which is two thousand dollars of profit. So come on up two thousand and then I'm give back half.

That's when I say you know what? I got to throw in the towel because it's always better to walk away with a little money in your pocket then to go from being at your daily goal to just being read on the day. So at this point the rule stated that I need to stop trading and I'm gonna question whether or not that was the right decision because as I'm watching this right here I'm feeling tempted to get in if it breaks over 520. Now of course the last trade is with 10,000 shares and if I do get in I'm watching this right here as I watch this right now. this is where I'd be pressing the buy button I think it's right around here as I'm seeing 505 507 I'm looking for a little green on the level 2 so now I'd be like a shoot 502 I'm in now I'm down five cents.

Dang it, you know, 501 huh? All right, Well, five. Now if it breaks five, it's gonna go back to 490 just like that. So now I'd be kind of really thinking I I push my luck. Alright, so I got in too soon.

Now it's back to 502 by 506. Lots of buyers at 506. Okay, and then all of a sudden it starts to pop up 510. All right, 5.

10 by 5, 5, 5, 11 by 5 13. All right. So now I'm up five cents. Okay, that's that's nice, you know, but that's not a home run.

Five: 12 by 5 15. Okay, all right, so 11 by 14 be 14 15 on the ask. 13 by 15. Okay, Thirteen, sixteen.

All right. So then so now I'm starting to feel a little FOMO Granted, I'm only up five cents on the bid, but if it breaks over 17, its breaking hi a day and that now I'm like God dang. I could have just jumped in. that right? Okay, jumped in that I could jump right back in with 10,000 shares and I'd be up over two thousand dollars I could've jumped in with five thousand shares I'd be up five hundred and now what do I do I can't get in Now the entry was down here at ten.

So now you know what do I do I just sit and watch it and I sit and watch as it goes higher and higher and higher and the stocks gonna end up hitting a high of of five, Five Eighty Nine and I sat on the sidelines. You know it pops up here to 545 or pulls back and I'm like well you know this is the first one minute candle to make a pullback I could get in here but again I if I get in here and then I lose I'm gonna feel really frustrated myself I'm gonna be I'm gonna be really frustrated and so then I said well, what's more frustrating to take a trade and lose and then be up only 500 on the day or maybe even be red on the day or to sit back and just watch it and then I said well maybe there's another option maybe I don't have to sit and even watch it Maybe I just take my thousand dollars and I just walk away for a few minutes so you know took my thousand dollars, stepped back I watched it through this consolidation I actually thought it was bullish on a break over 580 it couldn't break 580. it then flushed down right here and you know what if I had come back and jumped in the end of this with 10 15,000 shares to try to revenge trade it I probably would've lost five seven thousand dollars on that drop. So I stuck with you know, stuck with the rule there and didn't push my luck and that ended up being I think the the right move So I am a little frustrated I feel a little FOMO I wonder you know whether or not you know the thing with this trade? I Just I had two losers on it.

and some reason you can't have three losers, four losers, or even five or six. I mean you can have multiple losers in a row I certainly had several losers in a row on Ad AP And so I kind of thought in InP X Well, maybe I'm overstaying my welcome. you know, maybe I have a bias on it and I'm just wrong. and if I keep trading and I'm just gonna get back more and more profit.

So today's a day where I gave back half of my gains and because of that I knocked myself out and wasn't able to capitalize on what ended up being a really nice breakout. Although it didn't go when I thought it would, it went and it ended up being pretty nice. So live to trade another day! I'll be back at it tomorrow I Really was hoping to have another big green day today after yesterday's you know, awesome awesome trades on CPA age but it wasn't in the cards for me today so I'll be back at it tomorrow. Hopefully I'll get I'll have some better follow-through some better momentum and you know hopefully our leaving Gapper will end up being a little bit stronger.

You know, Today leading Gapper was RT IX 555 this one as you can see week s LGG As you can see a little on the weak side trxye And I think it's probably safe to say that when the leading gapper is not as strong, it's definitely a good reason to be a little more cautious. Whereas yesterday, you know, ad Ap being really strong that created Sympathy Momentum. other stocks started to pick up and Anne Jean look at Jean GE Any, this one's a perfect example of this stock squeezing up wall or a while. I MPX was squeezing right so they were kind of going in sympathy or in tandem with each other.

the first I MPX and then Jean kind of following a little bit behind and then once I and Px rolled over, so did Jean. So that's the thing with Momentum is that when one stock is strong, often several others will start to pop up on sympathy. And that's what we call sympathy momentum. It's a great way to capitalize in in a hot market by jumping from stock to stock.

And in fact, on my biggest green day that I've ever had I traded maybe seven stocks on that day and I was green on all but one. and the winners were generally between twenty-five hundred and seventy-five hundred dollars, with one being almost thirty thousand dollars. So I had a couple of really big winners and you know it's like everything that I was jumping in was working. If you flip back to the day Dr.

Ys was squeezing up GLB S-e-c ship tops. it was like five or six other stocks on the same day. made two, three, four hundred percent moves so you had to be quick and jump from stock to stock to stock. But if you did, you could have done incredibly well.

So Sympathy Momentum is what I love. and on a day where you don't have a lot of momentum and well, you can't expect sympathy momentum. And sometimes I think it's easy to fall into the habit of trying to you know, force trades over trading, taking too many and hoping that you'll see some incredible mass strength, but the conditions of the market just aren't suitable for that to happen. And so it's an unrealistic expectation.

So I think I was a little too aggressive today on ad Ap I Npx I was also a little too aggressive on got myself stopped out and then it ends up ripping and kind of doing what I thought it would do. but you know it's not just having the right idea, it's also having the right timing. So anyways that's it for me today. I'll be back at it first thing tomorrow morning and hopefully we'll have a nice set of stocks on the Gap scanner and I'll be able to have a nice Wednesday and you know, continue the momentum.

You know yesterday was a great day. 11,000 dollars of profit today is kind of a you know nothing day as far as I didn't hit my goal and you know I kind of churned shares and burn commissions. but I just kind of got a tread water until the next big momentum stock that I can get in and get into the right time. Alright I'll see you guys first thing tomorrow morning.

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