What's up everyone? Alright, so here we are: Red Day recap: Finishing the month with a small red day down $1,400 And you know, as I was driving into work this morning I was telling myself there's a really good chance you're gonna have a red day I don't think I was setting the intention I was gonna have a red day I Was trying to warn myself to go easy, go slow because yesterday was a small green day. the smallest green day I've had in a couple of weeks and sometimes I Noticed that as my green days get really small, it's an indicator that the market is a little choppy. We're not seeing really good follow-through a Momentum names. that's a good time to slow down.

So I trade with smaller share size today. despite that I still finished in the red and of course on the one hand you could say maybe I shouldn't trade today at all. Being radwa would have been better to be breakeven, but the couple setups not traded I actually thought were decent I thought they were good opportunities there and they were worth paying a stabbing and none of my losses were big blowouts which is important. I'm not giving back more today than I would make on one good, solid green day and that's important.

So tomorrow morning we all start in the exact same place from the month of May We start at zero. All right and the goal for May For me, it's 40 thousand dollars of profit now. I'm gonna look tomorrow during our midday recap at my metrics from the month of April what worked, what didn't work and try to use those to gain some insights and how I kind of planned the month of May what I'm gonna focus on will avoid, etc. So stay tuned for the recap tomorrow.

but as usual, be back at first thing tomorrow morning. pre market analysis around 9:00 9:15 So I'll see you guys there and if you have any questions on today's recap for the month of April leave them below. come back through the Answer Man I'll see you guys first thing tomorrow. All right everyone! So we're gonna do midday market recap here.

Go over the trades from this morning. Today's gonna be a red day recap. After six consecutive green days, a small red day here down $1,400 You know today's a day where I I thought I might be red today because yesterday momentum was very very slow. I was able to get myself green but only by $700 and I just sort of felt like because I'd had decreasing Green Day's that often times that results in a red day and so I was really mindful of that and what I didn't want to have happen was I didn't want to have a big red day and a big red day for me would be you know, three five thousand or more in the red This morning my very first trade was a SGL B I was pretty patient I waited for you know, good quality setups to come to me.

This one came up. hit the scanner, it popped up. There was a headline here at 8 a.m. popped up here from 65 to 70 I jumped in.

this was right around there was it. Let's see, let me look at my order. I got in at 70 so I got in right here 69 70 It hit a high of 85 and then dropped right back down to 152. And so this is kind of the same type of thing that we were seeing yesterday with stocks hitting the hide, a momentum scanner and popping up a little bit and then getting rejected.

you know. So we were having these like bearish engulfing candles where the red candle was bigger than the green and so that happened on SGL B and I ended up losing only four dollars and 70 cents which is no big deal. Basically got back out. slap D G Ly hits the scanners, only got a partial fill on this one I jumped in right here as it was squeezing up, it hit a high of 533 I got in right around 5:20 I kind of did a little micro pullback only made $52 so whatever.

you know that's basically irrelevant and at that point I was like well, this day is not looking super great and you know my first two trades are basically breakeven trades. Third trade was on ta IT this one hit the scanner as well and look at that. another bearish engulfing candle. This hit a high of 295 or was it 298? I didn't actually get in until this micro pullback right here at 480 and on this one again I got a partial fill.

you know I was like wow. You know I'll take a stab at it and I'll add if it breaks over five. but you know man, look at this. it hit five and then dropped right back down to four dollars and 40 cents and then down here to 410.

so lost $1200 on that actually with only 2,000 shares. I lost 60 cents per share from right up here down to here. So good thing I went with small size and then Opt T and Ovn I mean these were just. you know this.

Opt T was right here, hit a high of 98. whatever last $21 only took. only got 700 shares on that trade so that was a small partial fill on a small order anyways. and then this one right here ended up being a small winner.

scalping it long from here to here. Wanted to go short here but didn't get filled. drop to fast another one. that kind of ended up having high red volume on this candle and then an O VN was just choppy.

I got in it right here for the break over a dollar thirty it hit a dollar 30 and then it dropped all the way down here at dollar Fifteen I stopped out and then it rips up to a dollar thirty-five Thirty-six So that was a little annoying, but it just it just wasn't working. So you know today's a day where we just have again a second day in a row of very poor momentum. Not a lot of follow-through and today I'm I'm content to, you know, call it a day before I hit my max law. So I don't see this day going anywhere good if I keep trading.

I did not have three consecutive losers at any time, which is which is good. I had actually kind of. My first trade was a loss, second trade was a winner. third trade I think I know PTT was a loss and M was a winner and that our Tait was a loss and M was a winner.

and then my first trade on Nov n was actually right about here which was a tiny winner of $70 and then my second trade right here was was a loser. So kind of like win, lost, win, lost, win loss but just not getting good. Follow through. The Gap scanner this morning was pretty much dead again.

all of the stocks on here were higher float and so as soon as I saw that scanner I was like well I'm depending. Basically today I'm stuff off the hide a momentum scanner which sometimes works really well, but I think what we're seeing right now is that the overall market is is just not giving us a lot of follow-through We're not seeing really big momentum, so if we go back, you know just go back a couple weeks. You know what's the? Let me just go back here and you know we had last week we had a couple of days of some big momentum. you know, look at.

RBZ RBZ This is the day where it went from ten dollars up to twenty seven dollars a share. Well that end up resulting in momentum that carried for several days because several of their stocks it started to pop up. Traders were aggressive on thinking this would be the next one to make a move and you know, just kind of think. For instance, sharks.

You know, day traders are kind of like sharks. we're looking for opportunities, we're quick to bite, ask questions, later something starts to open up often. jump on it very quickly, you know, and if every time you bite you're getting a good piece of meat, you're gonna be aggressive about biting. You're seeing other traders doing really well.

You're gonna, you know, continue to be aggressive. but then at a certain point you're gonna start getting some fake outs and you know you go to bite on something and you know you break a tooth. and I don't know it's it's a piece of concrete that fell in the water. It's not actually anything.

it's a rock, not a seal, you know So that got you good. Okay, well hold up. let's to be a little more careful. you're doing a second time.

Okay, wait a second. This is what's going on here a third time. All right, Maybe I'm gonna stop biting I'm gonna wait for other people you know to to to jump on something and then you know you just sort of see everyone being a little cautious waiting and the feeding frenzy will start again and you will see a stock that starts to open up. It goes crazy and you know we'll be jumping on it.

And those of you the days where five ten fifteen twenty thousand dollars of profit. but in the meantime it's very difficult because you just sort of have to be patient. On the one hand, today I you could say I would have been better off just sitting on the sidelines. I thought I was probably gonna I thought there was a good chance I was gonna be red today as I was coming into the office I was like there's a good chance I'm gonna be red today I got to be really careful and I'm glad that I didn't hit my max loss I'm glad that I didn't have one trade right out of the gates that you know what? nine thousand shares got me for.

You know, forty five hundred dollars in the red did I give back a day the Prophet two days A prophet? Yeah cuz the last two days have been pretty small, but my daily average is still 2,000 a day. So I'm not really actually giving back more than one day of good profit. I'm still going to finish the month up forty thousand dollars, which is terrific and that's a really good recovery off of a pretty difficult March You know March was a pretty bad month for me and I was able to bounce back here in April and do quite well. So the name of the game as we go into May is you know this is a new month starting tomorrow.

We're all starting the exact same place tomorrow, which is Zero. You know we're all zero on the month and we've got our monthly goals and it doesn't look like I'm gonna have one of those great starts to the month where I'm gonna be able to make fifteen twenty thousand dollars in the first week because we're not having momentum from April carry into May Right now, we're basically starting May after a rough finish to the month of April Monday and Tuesday Here being pretty difficult for Momentum traders, especially alongside so you know Wednesday Thursday Friday have to take it easy I'm Oh yeah, I'm definitely still green on April I'm up 40 grand in April So April was a terrific month, hit my monthly goal and I'm about twelve thousand dollars away from the million dollar goal. I'm sitting right now at 987 thousand seven hundred fifty seven dollars. so this has taken a lot longer to cross this final finish line than I thought it would.

This last 5% has been the hardest part of the entire challenge, even harder than the first two weeks with $583 But part of is because of the psychological challenge of knowing I'm really close to this big milestone and the other part of it's just been the bad timing that the market for the last you know, couple weeks has been. you know, a little bit more difficult and we haven't had a lot of home runs. My biggest winner for the month of for the month of April looks like was the day we had our BZ and CTRM and that was the day I finished up 14 grand. So you know that was a terrific day at $14,000 Green Day Hey one of those is gonna put me right over the line but we're just not seeing those big green days you know we're not seeing.

since that since that day we haven't seen really really good follow-through Had a $6,000 day last week 6500 that was solid. You know a few other decent days here, but yeah, need need to get a little more momentum and if I'm not getting 15 20, 30 cent break out, it's gonna be. It's gonna be a slow grind to get this last ten. twelve thousand dollars, you know, locked up.

So that's all right. You know, it's just where I'm at right now. It's not really that big of a deal. Progress is, you know, just trying to finish the week with a little more than I started.

and as of right now, I'm down I guess on the week I'm down 1,400 today and I made seven hundred yesterday. So I guess I'm down about seven hundred on the week. Well, that's just. that's not a big deal.

That's one that's not even one decent trade. You know for a decent trade, every decent trade for me should be over a thousand dollars of profit. So I'll bounce back. You know, if it's not tomorrow, maybe Thursday Friday finish up the week here with a couple green trades.

Green on the week would be a good goal. Oh yeah, Oh A little bit slow out there, so definitely a good time to exercise patience. I think I over trade it a little bit today Nov and I probably should just left it alone. You know I mean here it is hitting 44.

you know, a little annoying. but the breakout. you know. false breakout.

It's a false breakout. Sometimes they go afterwards and sometimes it's worth giving it another shot. but realistically, it's only up about 11 cents from the initial breakout spots we're talking about. You know, for me to even have made $900 on it I wouldn't need needed 10,000 chairs, you know.

And then you're dealing with commissions being higher, the Ecn fees and everything else. So it feels like I'm grasping at straws to try to keep trading today. And so it means that these bunny ears are gonna have to go on the shelf. So wore them for six consecutive green days and now they're on the shelf.

same as my raccoon costume from Halloween. So well, it's like we're an American flag or something on Memorial Day Maybe I'll be wearing that for a couple weeks if I get a nice green streak at the end of May and into June. But yeah, it's just good to know the time to walk away and doesn't mean that if I didn't sit here for another four hours, there probably wouldn't be something that I would find as a winner. But is it really worth the energy and time to do that? And to me, the answer is gonna always be no, it's not worth it.

So gonna lock up a small red day here. Live to trade another day. Be back at it first thing tomorrow morning. Hopefully we have a better looking Gap scanner, but it's probably gonna require not just a good Gap scanner.

it's gonna require a stock to kind of surprise us, you know, and be irrationally strong. just all of a sudden. like it's gonna have to fake out short sellers because right now I think short sellers are a little more aggressive, Gaining some confidence with some of these drops that they've been seeing. which is fine, it's just part of the cycle of the market when things start to be a little stronger to the long side.

You know we'll certainly capitalize on that, just as they're capitalizing on these short opportunities. But yeah, I need to get some pressure on the short sellers on a stock like an RBC that just does something that makes no sense at all. like halt seven times in a row going up, you know and let me get it. Well, we'll do well on it, but just a little bit of waiting game so gotta be patient.

All right I once that's it for me. I'll be back at first thing tomorrow morning. hopefully we see some good Gap scanner opportunities and I can hit a little winner gap and go tree. Alright, I'll see you guys in the morning if you're still watching.

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