What's up everyone? All right? So we're gonna do our midday market recap. Go over the trades from this morning. I'm gonna finish the day up 669 dollars and 73 cents in my main account which is great. I'll put my account here on screen share so you guys can see where I'm sitting.

so up $669 73 cents I'm green on four out of the six stocks I traded one stock ISEE I am exactly breakeven on and I'm down four dollars on CRC So today is day three of Trader Rehab for me. max share size 2000 shares focusing on base hits and you know what? There's six hundred, sixty nine dollars in base hits. And to make it just a little bit nicer over here in thinkorswim I've got another six hundred and three dollars. So in fact, I've got about twelve hundred dollars today combined, focusing just on base hits now.

had I been trading in one account I you know I obviously would have been able to take four thousand shares because I am trading with small size in in thinkorswim relatively speaking I'm not taking ten, fifteen, twenty thousand shares. It shows here that I bought ten thousand shares and sold 10,000 shares and that was across like four trades or whatever it was three trades I don't remember how many, but in any case, you know it's two thousand and two thousand. Now that's four thousand shares traded so you know that's how it adds up. You know? So again, focusing totally on base hits to be able to make over $1,000 on 2,000 share positions or over 600 on 2,000 share positions trading into accounts at the same time.

That's a great day. Now when I start my small account challenge, there's a good chance that I will still be trading into accounts at the same time because with a 500 dollar account, I'm not gonna make a lot of money during those first couple weeks and I don't really want to sacrifice the gains by only making $50 or $70 a day for two weeks during a market when typically I might be making five or ten thousand dollars a week. So what I'll do is I'll trade in my my small account and then I'll trade in the main account. So basically what I'll do? swap out TD Ameritrade so that one will be gone, I won't be using that account at all and I'll be using the small account.

so this is the one that will stay. So I have light speed and my small account and I'll go back and forth between two of them. now. obviously it's that's like juggling and that's something that is difficult to do.

Certainly at first, as a trader, being green in one account is difficult. Being green in two accounts is hard. Being green in three or four counts. I've proven that it's very difficult I tried it last month.

You guys saw when I was doing TD Ameritrade Etrade light speed and my light speed IRA and I had a couple of days where I took a trade in all four accounts and that trade was a loss and then I lost four times as much as I had wanted because I you know, took the trade times four. So that's the downside now. right now, that downside is not as bad because I'm only trading in two accounts and both of them are smaller share size. So I'm being a little bit more conservative trying to keep the emotional level low.

And you know what? Today, just like yesterday today, I went into the red by about a hundred and fifty dollars. I Went into the red before I finally came out, went green and worked my way up to six hundred and sixty nine dollars a profit with 2,000 shares. That is not bad. It's about thirty cents from the market, right? I Got thirty cents out of the market today with 2,000 shares.

that's $600 so 669. That's a solid day. I Can feel good about that. So let's break down.

let's get into kind of details of these trades. the and we'll sort them. These are sorted by Biggest winner right now, but what we'll sort them by. We'll start by looking at the Gap scanner.

So the Gap scanner this morning at 9:25 A.m. F Pei was our leading Gapper and you can see that I traded that for $59 of profit. So F pay I Bought this one on what I thought was going to be a quick little red to green move and you know what? This is a trade where with 2,000 shares I made $59 if I've taken 10,000 shares I probably lost like 200 bucks because what happened was I got in for the break and anticipating the break of 35 and the break of 36 which was the high of this first one minute candle. So I jump in at I think it was 32 or 33 it pops up to 36.

it doesn't hold that level and then I sell. So I made about 3 cents per share. you know, quick entry, quick exit, but we 2000 shares I was able to get out pretty quickly which is great so that one didn't work but it still ended up being a small winner which is great. ISEE this was also on the Gap scanner this morning.

it's a 41 million chair float. I did take a trade on this one as well. this is the one that I was actually breakeven on I got in it right here. on this one minute pull back, the break of 30 got filled a little high.

at 32 it hit a high of 36. it dropped back down I stopped out flat. exactly breakeven. now.

granted I will still pay two dollars in commissions plus the Ecn fee so this is in total Probably gonna be like a $10 loss, but I'm not gonna sweat that it really, it's it's marginal and the whole goal this month is to keep those losses as small as possible. So my biggest loss this month I think was the $475 loss that I had yesterday on E L en Vr whatever that one was. So right now that's the biggest loss of the month for 75. I did have a loss today of about maybe 200 or so on FL GT which I'll go over in a second.

So ISEE that was a break-even trade CRC This one was also a very tiny loss. I Got in this for the one-minute micro pullback. right here. it hit a high of 28, dropped back down, stopped out with a $4 loss.

Again, you know the ability to pivoting and move in and out of the market quickly is so much easier with 2,000 shares. and I can tell you that my my stress level is so much lower than two weeks ago trading for me with 2,000 shares. You know emotionally because I've been trading at 10,000 12,000 and 15,000 shares for so long we're a good trade. I'll be up 7,500 or 10 grand around a bad trade I'm down 7,500 or 10 grand.

This is almost like it's almost like monopoly money. like I it's like I don't I have almost almost no emotional response and that's exactly how you want to trade now. Obviously part of that is because of making some mistakes last month and forced me to go into this you know trader rehabilitation program that I've created for myself. I Think it's good to always be pushing the edge of your comfort zone in order to keep growing, but at the same time, after a period of loss or you know, a big red day or whatever the case is when you need to be rebuilding I Do think there's something to be said for having a period where you say, you know what? I'm just gonna take it down a notch and bring the stress level down and prove that you know what.

Here's a day where trading with let's say, 4,000 shares between two accounts or 4,000 shares in just one account rather than 2002 is a $1,200 green day. $1,200 a day? That's over $250,000 a year. That's a great year as a trader. I Mean it's not as good as any year I've had in recent years, but all things considered, 250 grand is a solid year and to do it with very little stress, only 4,000 shares? Well, you know there's something to be said for that.

So anyways, we've got is Eec RCF Pay SXT See this was a quick one right off the hide. A momentum scanner didn't hold well but I thought maybe it was gonna do something I got in for the break over a dollar 50 and I got in it I think 48 or something like that anticipating the break over a dollar 50 or maybe it was 45. In any case, I got in this thing and hit a high at 56 it dropped down. It popped back up here to 54 and that's where I got out.

So I sold on that candle right there about. Well let's see I had 2,000 shares on that. so I guess like 7 cents of profit or so so that that wasn't too bad. It was a decent little trade.

Nothing was super exciting, but it was ok. and then next one up is our kDa our kDa I did better on in my TD account of 454 dollars. you know in my main account. by the time I was taking this trade, by the time our kDa was breaking out of this consolidation I didn't feel comfortable buying the dip of this pullback I just sort of felt like this volume has really flattened out through here and I was like I don't know I just I'm not sure that people really care.

It feels like the markets just really kind of slowed down this morning. so I say you know what? I'm gonna just leave it alone. well it breaks over hi a day so I was like okay I'll get in for the break a high day. So I got in for the break a high a day.

but because I was getting in high mitigated the risk on that trade with smaller share size. So I took like a thousand shares I made five cents per share. Fifty bucks. All right.

So I'm like a Fifty bucks, That's nice and at that point I was up four hundred and seventy on the day and I just didn't want to I just didn't want to ruin my day it well this was eleven 10:35 but it ends up ripping higher I get back in at 6:15 up here one mint. First woman at Campbell to make a new high which was kind of like right in this area I watched 603 at work. so then at 6:15 I got in and on this pop-up - 628, that's where I ended up making about $150 So you know that ended up being pretty solid. Couple little breakout trades there and in my retirement account or not my time I kept my TD Ameritrade account on that one I just jumped in first at 6:00 and then at 6:20 and I just held both of those trades a little longer and on that account I'm I'm just not as concerned about it does.

it's just you know I'm kind of testing out the platform and trading it just a little differently. It's sort of a different strategy there in terms of how fixated I am on being green every day like I don't care as much so and rkd a so good good trade there. Nice move. Up to six twenty eight former runner history of making big moves so that made it worthwhile to watch.

and then FL GT is the one that actually went red on my first trade on this was at 295 and this thing like you know really gave me a little slap in the face because I got in right here actually on this candle right here I thought that candle is gonna break so I got in at 9 at 86. it then drops all the way down to 1224 and I lose like 300 bucks on it. So I was like dang it because at that point I was only up like 125 on the day. So now I'm reading the day, it then rips right back up and goes back to 13 and I was like you got to be kidding me So then I got in right here on this candle for the break over 13 and what does it do does a false breakout? So on this one I lost another hundred dollars.

so now I'm down I don't know 300 or something like that on the day and I was like man this thing is really frustrate and then look at this move then it curls back up right here and when it broke the top here I was looking at this it's like a bit. Well obviously this is a short indicator. it's a doji at the high a day hide a red volume so people are obviously gonna hit this to the short side. whatever.

But then when it rips back up here over 13 and hits 13 19 I was like hey, if it's breaking the highs, short sellers are gonna get squeezed. That's where I'm gonna hit the Buy button. So I hit the Buy button 319 for the break over the high it rips up to 359. Boom! I take profit and I'm out now I'm green on the trade so that was the solid trade.

I did try to get back in it right right in this area and I thought this flat top was gonna break I got in right down here. Actually this was a good pullback trade on the 5-minute chart. I got in at 3:13 15 right down here and then sold on the move up and that was a smaller position but I made a little on that and that was the same one that I traded in TD Ameritrade I was actually up 400 bucks on it and I hit market sell and the spreads were kind of big and so I only ended up with a hundred and fifty dollars. but you know, whatever, it's a little profit.

that's fine with me I'm not really sweating it too much on a TD Ameritrade you know I had 400 dollars of profit yesterday and then I had that weird trade on CEI where I gave back profit. so I'm kind of waiting to hear back from them on you know what what happened with that trade because it was a I think a glitch on their platform so I'm kind of hoping that that gets credited back to my account I know that they do that in other instances so we'll see if that happens and then, yeah, you know TD Ameritrade Currently for the last like I don't know three weeks or so that I've been using it I've been impressed I've been getting great fills, great fills between the spread like which is rare at light speed. I Usually fill on the ask and fill on the bid, but in Thinkorswim I've been getting like I press the Buy button market and I look and I'm like hey, I'm filled in between the spread. That's awesome I just got a great fill.

so kind of generous on the fills. This one wasn't the best example of it, but but I've had a few others that were really generous. The executions have been super quick, you know. So currently I think that I would probably recommend Thinkorswim for small accounts as long as you didn't mind being confined by the PDT rule which would be three trades a week in a margin account.

you know, So and again, if you have $5,000 you can take all three trades in one day, right? You can say well, I'm gonna take all three trades in one day cuz I've settlement margin. So boom boom boom you have a day like today where one stock is really hot like FL GT or RK da you trade three times in this any account that week on that day and then you don't trade in again until the next week. So you trade the account once a week. Is it slower to grow it? Yeah it is.

but that's exactly how I grew my my account would Interactive Brokers which was a Roth retirement account of an IRA account. So I put in my $5,500 contribution which is the max contribution for like I don't know 2017 2018 and with that amount I just day traded it each day I saw something good I would trade it three times and then I wouldn't focus on the account for the rest the week till you know the next five days because it's three treys and a five-day rolling period. so five next five days come around then I'm just kind of. You know, the only thing is sometimes it was more than five days because it's not every five days exactly.

But you have really great opportunities in the market. so sometimes I would trade the account and then I wouldn't trade it for like ten days and then something would come up and I would trade it three times and then I wouldn't trade it for you know, eight days or fifteen days. So I was trading it really sporadically which is why it took me like six months to grow it from six thousand to twenty five thousand dollars, you know? and in that same period of time I took a five hundred dollar account in less time and turned it into over a hundred gram. So you know that's kind of the you know the risk reward analysis is you have to do with trading around the PDT rule or trading within it.

So anyways, that's it for me and I'll let you guys enjoy the rest of the day. I've got my workshop at 1:00 p.m. this afternoon and hopefully the broadcast is steady. We've lost power a couple of times here in the office yesterday and this morning, so I hope that power stays on and we have a really good clean broadcast.

And yeah, I'm looking forward to seeing you guys there. All right, So that's it for me to see you guys all first thing tomorrow morning. Hey, did you know every morning? I Go live to stream at pre Market Watch list. subscribe to the channel, press the alert button and you'll get the notifications.

If you want to learn more about trading, check out the links in the description. If you have questions, post them in the comments because I personally respond to every comment posts on my channel.