What's up everyone? All right? Well here we are finishing the 11 consecutive Green Day Definitely a hot streak here over the last 14 days. I've made over $65,000 trading one hour a day, today, another $6,600 on one stock. OPG n Now the disappointing thing today is: I had my first loss of the month I had two winners and one loser. So so far this month I've taken a total of four trades and I had one winner yesterday.

One trade, one winner Now only took that one trade but I think I only did I think it was just one trade yesterday. So that puts me at four trades on the month, three winners, 75% accuracy in nearly 10,000 dollars of profit. We are moving in the right direction, building that cushion for the month of September. So I'm in the driver's seat for the rest of the month and it's just coasting from here.

continuing to strive for a 2,000 dollar daily goal and when I have some days that I see an opportunity, I'm gonna feel like I've got a little bit of a cushion I Take the risk for that potential Big all right. So hope you guys are enjoying these recaps. As always questions, Comments: leave them below I'll see you all first thing tomorrow morning. Live streaming 9:15 The pre market Watch list All right everyone.

So we're gonna break down the trades from today: I'm gonna finish here my 11th consecutive green day up Six thousand, six hundred fifty, six dollars and 18 cents which is awesome. That puts me up about nine thousand dollars on the week here, which you know is is terrific because this is only Wednesday and the markets were closed on Monday So it's a two day two days in the week. I'm already up Nine thousand dollars close close to ten grand actually and this puts me in great shape. you know as I make my way towards the weekly gold weekly goal is 10,000 monthly goal is 40 grand and a good start.

You know one of the other things it's of course really nice is being able to start to build a cushion early in the month because then it puts me just. you know, it puts me in the driver's seat for the rest of the month. If I see an opportunity to be aggressive on something, I'll feel like I can afford to take it. If it ends up being a winner, it's just gonna put me in better shape.

Yeah, if I do have a few back to back losses, I'm gonna have to slow down and adjust. but at least at this point I'm in a position of strength whereas last month of this time I was already in the red. so the one stock that I traded today was OPG n now this was straight off the watchlist, but I wasn't totally sure how I was gonna trade it because by the time the bell was ringing, the pre-market chart was a little bit. a little bit messed up.

So let's look at this at 9:25 A.m. So five minutes before the bell was ringing, this was gapping up 57% Eight hundred Seventy Eight thousand Sheriff float 569 thousands of pre market volume and a price of just over $10 at 10:25 So this was the only thing about it that I was like ah, it's a little high The headline I was also a little skeptical on not this one, but this one entering into a definitive agreement and you can see that. Let's see pursuant to the implementation agreement, the business of the seller and the business of the company will be combined by the purchasers acquisition of all the issued and outstanding capital stock. So anytime you have these acquisitions and mergers and these types of catalysts, it can be a little bit confusing what that really means.

You know what? What is the actual dollar figure that's tied to it? And and that wasn't totally clear to me and probably to other traders and investors who have been actively trading the stock. And that's why it hasn't been trading, just pinned at one price. So as we were getting ready for the bell to ring, unfortunately, it was breaking below the V web. it was selling off a little bit.

The other stock that I was watching this morning was tops T O PS and I could have taken a trade on this one on a red to green move on the five-minute chart. but when this happened I was really still focusing on OPG N and starting to kind of wind down a little bit because I'd had a couple of really great trades. So I decided to not take that trade and actually today I have let's see three trades, two winners and one loser and we'll break down each of those trades and those are all on. Opie GM All right.

So Opie GN let's go back here to the open. So this is the open and as you can see, I'll pull these off the bell rings and we start with two red doji candles back-to-back you've got a red doji right here and another one right here and then all of a sudden it rips up. Let's look at the ten-second chart to dive in a little bit deeper on how this pattern was really unfolding. So I'm gonna go back to ten-second chart and here we go.

Alright, so the bell rings and it immediately starts surging up and I said, you know I'm not feeling comfortable about jumping into this I think a red to green move is gonna be a safer setup. So red to green move where it pulls back you know and then searches back up. that's I was like I just think that's gonna be better I'm a little nervous about jumping into it. so on this stock being above $10 I knew the risk was gonna be higher.

so in the first 10 seconds it surges up to 10 92 and then drops here back down to 10 30 and then goes down to 1004. Now I had drawn this line at 990 which is sort of the pre market support level and then I had a pre market resistance level up here at 12 right here Now we ended up moving that up to 1237 or so which was the high of this candle. but at the time this morning I was looking at resistance around 12 and support around 990 and so right here we're coming down to 990, it looks like we're gonna break and then it surges up right here. I Part of me was tempted to jump in this because I thought maybe this is the red to green move but I and I was actually using the 10 second chart.

but because this candle was so red, I just didn't feel like I could trust it yet and I was still watching the 1-minute chart as well and the one-minute was not looking very good. So I I left that alone. it pulls back a little bit more, then does this kind of bear flag right Here it drops down to 990, hits a low of 982 and now it's breaking this support level and it's bear flagging right above it and then it drops down and so at this point I was kind of like alright. Well I guess you know I guess this is it I guess this isn't This isn't gonna work.

Oh, hang on one second. Hmm, that's interesting. Let me just know it doesn't look like that's streaming. Hey, I'm just gonna change one of my stream settings here.

Stop. Sorry guys, those of you who are watching. Okay, all right, I'm just gonna copy paste this streaming key here. Okay, and that's what it was.

okay. paste paste. Okay, all right, so we'll get that back up and running here. So in any case, I'm gonna have to play with my settings there again.

It looks like there might be some issue. So in any case, Oh PGN dips down here, drops to 962 and I'm thinking all right, well this is clearly weak. It's not holding up very well. so I'm just gonna, you know I'm just gonna leave it alone and then it surges up here right here to 1038.

It then pulls back for a second and boom, that's where I jumped in because all of a sudden it just it turned around here and so this to me I felt like kind of trapped short-sellers because I had this drop and then all of a sudden it rips back up. so as it ripped back up I watched it right here and that's where I jumped in for a break over the V whap first one-minute candle to make a new high on the 1-minute chart. So I'm in there I actually tried to by nine thousand shares. So to answer your question about managing risk on that type of trade, the way I managed the risk on that trade essentially was I focused on what I really believed wasn't a quality entry I knew I wanted to focus on a red to green move I felt that a red to green move would be lower risk than trying to do a breakout over high of day.

For instance, if I bought a high a day break getting in with my entry at 1090, that would have been really extended, that would have been a really high place to be a buyer. and there's a really good chance that that type of setup it would have seen a potential false breakout and I could have been in it at the high and getting stopped out. You know, back down at ten thirty or something like that and that would be a 60 cent stop. That's way too much risk.

With nine thousand shares, it's a forty five hundred dollar plus loss. So I didn't want to take that type of risk instead I bought the first one minute candle to make a new high here on this. Well, it was. Actually this is like a ten second chart, but this, it's kind of like micro pullback right here at 10:40 so that was the place that I jump in.

We then get that quick, almost instant resolution. Now if you're trading breakouts, the best breakouts will resolve almost instantaneously. I Mean they're just gonna work right away so you can see here. The first one minute camel to make a new high in this case was actually 1065.

Now that was that would have been a little bit of a higher entry, especially considering it just dropped to a low of 960, right? So by using a 10 second chart on this one, I was able to really be watching the stock as it was making these kind of micro patterns. So you know this is a stock that in the first five minutes traded 700,000 shares of volume. It was moving very quickly obviously. and if I waited for one minute candles to form I would have missed this opportunity.

So we have to pull back the pop-up the pullback, the false breakout to the short side, the rip back up to the V whap this little pullback and then boom I'm in right here. 6,000 shares I only got a partial fill, it squeezes up to 1143 I'm instantly up well at the high. The very very high would have been up over $6,000 but I sold at 11 and right around 1090. So I locked up on this trade about $4,300 of profit.

so up $4,000 right there I then got back in I think it was right here and it surges up to 1165 and I added at 11 60 I Thought it was going to break right here up over $12 and I was wrong. it dropped back down here to 1134 and actually stopped out at 11 35 or 36. So I lost about 25 cents on 4,500 shares. so I had one winner then I had one loser right in here.

Now in fact, this ended up coming back to 70 and then popping up to 89 and so I kind of felt a little bit of foam I was like oh man I stopped out and then it rips right back up. but at the same time with a forty five hundred share entry. actually I might have gotten in on this candle right here. I think it was this one because it popped at 65 and then I came back up on the second attempt and got in and then it dropped back down to 34 And you know if this could have just as easily come back down to 11 and then just like that, I'm in here and out here and that could give back all the profit I made on the first tray and so I cut the loss quickly which was I think the right move.

it then pulls back a little bit more here. as you can see, so now we're looking at the five-minute chart. its consolidation. Let's switch over now to the one-minute chart on this side.

All right. So it does a false breakout right here and I didn't trade that this I didn't trust after this doji candle. I just left it alone so it flushes down here. back down, bounces off 1050 and then surges back up to 1150.

It then pulls back right here. consolidation and as you can see at this point it breaks over. now. 11:50 was the spot I was watching and that was during this green candle right here.

But what I was hoping would happen. This was at 9:41 that this candle was forming I was hoping that it would stay under this level until 9:45 and that the first 5-minute candle would be a break over 11:50 and I would be a buyer at 11:50 with the first target of 1189. That didn't happen. It broke prematurely to 1170.

So what I ended up doing on this one was adding 4,500 shares as it broke here over hive day. So I took a trade for a break of hai of day and we broke 1189 and squeezed right up to 1237. So that was instant resolution of almost 50 cents per share on 4,500 shares, an extra two thousand dollars of profit. So you know that was pretty much how the trades unfolded.

It was three trades, one winner, one loser and then a second winner. Right up here on breakthrough high update and yeah, o PG n definitely was a higher risk stock. The trade that did go the wrong way was an instant 20 cent loss. So I gave back a thousand dollars and then you know if I had been a little slower it could have been a 50 cent loss.

So no doubt the risk was higher on this when I was trading with my $583 account. I'm not sure I think I would have traded this because I would have been looking for volatility. it would have been in the top cappers I Obviously today was the top gap or leading gapper, but at the same time I Know that the stocks I was doing the best on were between three and six dollars and as they start to get more expensive, the risk certainly starts to get higher and the margin for error You know if you get in at the wrong spot, you could be looking at potentially a catastrophic loss. So I I might not have taken this type of trade on the first day, but I certainly would have taken the trade a little later on the month once I had a little bit of a cushion.

So anyways, 11th consecutive green day here 166 Trading day of the year and I'm sitting now up almost 10,000 on the month of September which is great so you know. Coming right up here at my ten thousand dollar weekly goal, we're continuing to see this nice hot streak. It's now been about a $65,000 hot streak for me over the last. Let's see 11, 12, 13, 14 days.

So over the last 14 days $65,000 and it doesn't really look like the hot streak is you know is ending or we're continuing to see great momentum. o PGN and tops I mean this one is still holding up. It just came up here to 11 89 and I would definitely say that if this breaks over 12, the spot that I'd be watching would be a possible squeeze up to 12 38. So this may have and a break at 12 38 and then a move up to 13.

so this may have a little more in it on this type of pullback. right now on 10 second chart, we can switch over to that real quick. We see this as pulling back so the high was 1189, the low was 1140 - so that's a big drop right now. Watch this thing at 12, there's 1202.

so we're seeing a little bit of resistance here at the 12 dollar spot. This does have short sale restriction, which means if you want to short it, you've got to put an order on the ass. Give to short on an uptick. Now this is tough because you know it's all of a sudden.

at 12 then it's down 25 cents. This is a nice five-minute setup. down here. It doesn't seem quite yet.

There's six, there's seven, there's 10 a 19. It's a little bit of a sluggish breakout. There's 28. it's not.

It's certainly not the instant squeeze up to 38 that I was that I would have been expecting. Of course, at this time of day 11:30 we're starting to get a little bit outside the window where you see really clean resolution because you know some traders are just gonna be a little bit more conservative. people like me who have made their money or they're gone for the day. You know this thing can go to $15 It doesn't matter I already made my 6 grand Big seller comes out.

You can see that seller that just popped up in the 20s or wherever that was. So the halt level is at 12 87, the high of day is 1250. even though it's moving up. This is a what I would consider to be a little bit of a chop move because it's You know You can see these candles on the ten-second chart whipping around a bit so you've got a lot of volatility here.

This to me, 12 would have been the obvious place to buy, but it didn't really produce a clean break out because it dropped to 11 68 32 cents before ripping up. So it does one last fake out, fakes you out, and then it rips up. So that makes it really hard to buy breakouts because you don't want to be down 40 cents to only be up 20 30 cents I Mean yes, this did go 50 cents at the high, but still, that's not ideal. So what? I consider buying it 1250 and in this case I really wouldn't because the risk of buying a 1250 is that it drops back down to 12 before it rips and then I'm down 50 cents.

And what if it drops to 12 and then it breaks 12 and flushes to 1150 now I'm down a dollar per share When the profit target was only 20 cents. it's not really lining up. Can't take that trade I Need a quality set ups? What we have here on the 5-minute is also A Now it's a double top so we had a nice little break of view. AB a pullback.

I'm kind of surprised that this resolved as well as it did, but probably some short sellers covering and traders jumping in the long side. So what we really need now is the handle formation. So a handle of a cup is formed by a flag pattern of consolidation going sideways, so that would be the next level that I would look at anyway. So that's it for me.

I'm gonna take the profit and live to trade another day. Be back at it tomorrow. Always feeling better about leaving money on the table then giving back profit. So I'm finishing today at the highs.

That last trade on the the breakout from Eleven Eighty Nine or so up to Twelve Thirty Eight was the last trade the last two thousand dollars and that was a nice one. Alright everyone. I'll see you guys first thing tomorrow morning and we'll hopefully keep this hot streak going through the rest of the week. Thursday Friday Alright, see you guys tomorrow.

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