Hey, everyone Alright, so finishing the day slightly in the red, but not nearly as bad as yesterday, which is good, but unfortunately we're not seeing momentum really pick back up in the market. We're seeing some small breakouts, but not sustained moves and certainly not anything parabolic this week, which is a little bit disappointing. So kind of typical of summer trading that we have a period of sort of slowness. We had some really good action at the beginning of June really good action at the beginning of July but now these last four or five days have been pretty slow and you know we'll see how things pick back up.

I don't expect a lot from tomorrow. I will show up I'll do my thing, do my watchlist, hopefully take a couple trades, but I'm not expecting it's gonna be a big day, so we'll be trading with small sides that way, if it's not good, the losses are manageable. If it is good, maybe a small profit, That'd be a great way to finish the week and then next week. you know, last full week of the month of July we'll see what we can do.

Alright, so I'll see you guys first thing tomorrow morning. All right. So so this is where I'll finish here today, down about $800 You know it's frustrating this 1/5 red day in the last or fourth red day in the last five days, but you know it's just sort of the way it seems to be sometimes that the losers get clustered together and you know you get hot streaks. and then you get cold streaks.

And right now we're just seeing a continuation of really, just not a lot of follow-through in the market. We're seeing opportunity, but you have to be really quick so like see you are For instance this I have a hundred and ninety three dollars a profit on. This was a really tricky one because it halted twice. The first halt was let's see, go back.

The first halt was right here. It squeezed up from 750 up to right around 876 and then it got halted. It resumed at 9 and dropped right back down to 8 which looks terrible. It then bounces off that level and squeezes back and gets halted again up here at 9 71.

It then drops right back down to below 8 feet 6 feet. It then rips back up to a high of 989. So this is you know, the type of stuff where it's a lighter volume stock. you've got bigger spreads.

It's got a recent reverse split. It can halt very quickly and it is doing that. We're seeing volume increasing, which is kind of an interesting profile here the increasing volume. and but I'm thinking now it's gonna be sort of just continuing to be choppy because it's faking out traders on both sides.

So the only reason I'm green on it is because I got in for the break right here over the pre-market over the high a day which was 9 50 it went into 971. it halted I thought it was I didn't I wasn't looking super closely at the halt level. it started to halt at nine seventy one which was up only 21 cents and on that when I was like mmm you know I squeezed up to ten dollars and I was up 50 cents going into the halt. I would have just held my whole position but because of what it had done here of dropping down and ripping back up I decided to sell at 71 and then I was holding a smaller position through the hall.

so coming out of the hall I stopped out it then ripped back up I almost got back in and then I stopped myself and so you know what? Look what this just did. Don't get back in, you're getting back in at the highs after just dropped down to 860. so hey, you know I I'm just a little disappointed in it overall. I was hoping that coming out of the hall it would open higher and then I would have been totally okay with adding back the shares.

I sold because it would have confirmation and proof of strength but because it didn't I I didn't get the opportunity to add and and that of course was for the best. so disappointing on see you are and then CEO DX was the trade I took right out of the gates. Well not right it right out of the gates. But I took this trade right here.

and because I took it with only six thousand shares I gave myself a little more room on it than I normally would. So I got it in right here for the break of 95 thinking it was breaking this this double top which which it was got it. at 95 it hits a high of two dollars I gave it a second to break over and it flush back down to 190. I should have sold right there I should have taken a $300 loss, it then flushes down to 80 and I'm just like oh, that's not good and then I finally sold down here at 77.

So I ended up losing like 17 or 18 cents per share when I really should have only lost five. And this is a great example of how sometimes with smaller share size you can get a little more complete. You can say well you know I've only got 200 shares, I've only got 600 shares or for me, I've only got six thousand shares I just hold this and let's just see what happens. and then next thing you know you're taking a loss three times bigger than what you should have taken Now of course in this case only a thousand dollars relative for me, it's It's not a big deal, but it wasn't It wasn't really a good exit.

The entry was fine, the brake, the flat top target was moved back up here to 209 210 back of mine. Maybe a retest the pre-market hide 225. That's all fine, but you can't hold way past your your loss by you know by it by that that many cents. so whatever.

So so that put me in the red right away and then see you are just small bounce off the lows and there has just been nothing else that has given a good opportunity. I mean this is the gap scan or the most scan or today not a lot of momentum in the market so a good day to sit tight. a good day to rather than wait until I hit my max loss. Just say hey you know what markets not hot yet I'm gonna step back.

There's no reason to risk hard-earned money you know for not seeing good follow-through this stock. I'm not familiar with GN L n so let's split up so my process: I Pop up the stock I look at the chart I see its beaten up chart turning around I Don't see a news catalyst on it in the news window. Somewhat recent IPO but red red red since it I P ode and not a lot of volume so pretty quickly I Can tell you I'm not interested in it. So anyway so that one's not nothing for me and Aaron on that one.

but yeah so you know I One of the things I did yesterday I took 75 thousand dollars out of my account so you'll see my accounts a little bit smaller so gave myself a paycheck for the last a couple months of trading. So smaller account right now here. and the reason I did this is because since yesterday was my third red day in four days and I was down about ten or twelve thousand dollars, the twenty seven thousand dollar hot streak I had I thought you know what? let's just cut this right now: I don't want to keep having red days that are big losses I'm gonna bring my share size down I'm gonna bring my account size down. We're coming into the month of August The last two years August have been August has been a difficult month for me, mostly because I was swinging the bat way too hard during a time of year where a lot traders do go on vacation and just aren't in the market, so you know you end up not seeing good follow-through Now that doesn't mean you can't make your $200 a daily goal.

You can if you're going for base hits, but if you're swinging for the home run, you're sacrificing the base hit. You know you're stealing second. Going for third, you guess you strike out, you know you get tagged out and then that's it. Whereas you could have just stayed at first and you're on base and that's what we would call the small winners.

So a little disappointing that we're not seeing better follow-through, but it is what it is and I'm just gonna step back tray of smaller size and then be back at first thing you know tomorrow morning and try to finish up this week maybe with a green day. All right. So that's the goal and I'll see you guys first thing on Friday morning if you're still watching. you must have really enjoyed that video.

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