What's up everyone? All right? So here we are: finishing the week: another red day, but only down five hundred sixty bucks. So you know today's a day where we just didn't have Momentum same as yesterday Fridays are hit or miss and I've always known that I mean Fridays we can get some surprise moves and things can go crazy or they're usually fairly slow and it was a slow one I took a couple stabs at a few different stocks, but I just couldn't get a lot of traction. didn't make any headway I went red right away, ended up at the worst, down almost $1,800 and then I slowly dug my way out, dipped back down again, got my way a little further out. but you know today it was I never was green today I never crossed into the green, it was just red and then you know how how small the loss am.

I gonna finish the day with and hey, 560 bucks. no sweat. eight Eleven thousand dollars on Wednesday Had a great day on Monday and Tuesday I'm still up well over 15,000 on the week which is awesome so you know I'm feeling good. Great start to April you know Monday morning.

Hopefully momentum comes back in I'm surprised that things were as slow as they were yesterday and today two days in a row, but you know it's the ebb and the flow of the market. You can't force it. If it's slow, it's slow. And really, at this point on a day like today, if I kept training, I would just be trying to get to $0.03 scalp.

So it's that that seems like the best I'd be able to do. It's just not worth it. It's just you know, giving Commission's to the broker and not really putting much money in my pocket. So hey, it's Friday I'm taking the day rest of the day off, getting out of the office, get an early start on the weekend.

I'll be back at it first thing Monday Morning and reminder guys Monday 7 p.m. Eastern I'm hosting a free workshop and all of you guys who register. you're gonna copy my best-selling book title how To Day Trade All right. So really looking forward to that Monday 7 p.m.

Eastern You can click below to register and I'll see you guys there. Okay everyone, so we're gonna do midday market recap here. Go over the traits from this morning. Today's gonna be second read de recap, which is you know, obviously not what I wanted for you know, the start of a month.

But what's really good about these last two read days is that I've been keeping the losses small. So you know, ultimately having two small red days after the awesome day we had on Wednesday with Opt T, you know it's at this point these are like break-even days. Like basically I Came into the market looking for opportunities. took a few stabs at a few different stocks, but nothing really opened up.

Nothing gave us a big move like we saw here on Opt T and so I ended up taking a couple losses, having a couple winners, and finishing day down. you know, only a little bit versus you know versus the open I Mean this is for me at this point, like not not really a big deal. Obviously it's not my daily goal, it's not where I would like to be. But in terms of bad days, these are bad days that I can be okay with Any day that you know is not.

My max loss is is fine so you know didn't hit my max loss yesterday, not hitting it today, just basically voluntarily saying. you know what, we're not seeing a lot of momentum I think I'm just gonna throw in the towel and you know be back at it of course on Monday morning I know that in literally you know one good morning. not only can I make back what I lost yesterday and today but I can get myself well into the green. So let's think about that.

You know this was Monday a big step up Tuesday a nice step up Wednesday Awesome. Eleven thousand, really solid and then down 1600 yesterday and now down 500 today. So that's the context of where I'm at on the week. I'm still in great shape on the week and I'm just waiting for that momentum stock because that first day you know that we get something.

It really connects. I'm gonna be back up here and you know of course if we end up having you know, a really, really good opportunity. maybe another day like this. but you know.

Overall, today it was just kind of a bummer that we didn't see better follow-through You know it's just two days in a row of really lackluster action is it's just kind of like watching paint dry. it's a little bit, it's just a little bit boring. J Mu This is the one that I did the best on. you can see here it's currently up.

Let's see: J Mu 26% on 9.3 million shares of volume with no news. and the big thing that I was worried about was that 200 exponential moving average right here at 266. But I did take a couple trades on it and I took one. Let's see, we'll go back to the one-minute I was using the five minute but trading mostly with the 1 minute time frame for my entries.

So let's see. we had this first move right here up to 55 and then this squeezed up to 60. So I took a trade right in here. my very first trade of the day but only made like 200 bucks on it.

It was just kind of like popped up. Came back down a small small trade right there. one minute. micro pullback works well from 45 up to 60 but I missed it.

It then pulls back, drops down a bit going sideways and right here is where we got an opportunity to get back in. So a little pullback there, a pop back up to 55 didn't break over the high a day so I had to get back out. A small win right there comes back up again. I'm back in right here and taking profit on this move up to the highs.

Again, only a small move goes up goes up. I get back in at 60 right there we get another nice breakout. but again these are like five six seven outs. They're just not that and pray you know so that's the thing.

That's kind of disappointing is to be. you know looking at these really good quality setups and not seeing big breakouts so that's J mu A EHR this one I jumped into out of the pretty much like right off the scanner. What I liked about it was it was moving quickly above the 200 headlines posted yesterday after the close, but this one didn't hold up very well at all. Only made 300 on it I'll go over Commission's in a minute.

Manual so 8a EHR no good there, didn't hold up gkin another one that hits the scanners doesn't hold up, ends up failing. You can see right here. so small loss on that. Not a big deal see LWT This one was difficult.

Look at how choppy you it was I mean it would pop up and drop down, pop up and drop down. The loss that I had was getting in at 6:15 and then drops down to 580 and I had to stop out only to watch it come right back up. I did end up getting back in for the break over the half-dollar right through here it hits a high of 650, but again, not enough for me to get myself all the way out of the hole on it. So kind of just choppy action whippy.

I Liked the daily set up for the first daily cam will be making a new high, but it just didn't give us the follow-through that I expected and then trove right out of the gates I lost on this one I was trying to scalp it over the pre-market high of 487 but it ended up dropping right away I then got in and made a little bit back on a red to green move set up on the 1-minute chart which was right here in it for 60 out at like 465. But you know you can tell we weren't working with a lot of good stuff today there weren't we weren't seeing big moves, we weren't seeing things really opening up, so it definitely felt like today was was a bit of a battle. and essentially I just turn shares you know I just well get in, get stopped out, get back in, get stopped out and so not a lot to show for today s ACH Hitting the scanners now, but you look at this and it's like, well, that's a five-minute setup and it's only up five cents. That's just not a lot to work with.

It doesn't give a lot of profitability zy any. We were watching this one, but you know it's just choppy. I'm sure over 860 of us start to look better, but by that point it's hard to know that's not going to do another false breakout. So you know this is kind of one of those days where you feel like things either connect or they don't and today things didn't connect.

We didn't get big breakout so we didn't get big moves and you know you just sort of get to a point where you're like, you know I'm I'm fighting an uphill battle here and the reality is every time I take a trade, there's risk and so if there's not good opportunity, it's kind of not worth continuing to take a risk. You know when these are my biggest winners and these are my bigger losers. That just shows you the imbalance today is on the short side and if I keep pushing my luck, it would not take much at all for me to hit my max loss. The fact that I'm red I've got the warning up here.

all trading is allowed because I'm not down more than $2,000 But if I hit my $2,000 max loss, that's it. and I don't want to hit my max loss and I did come close to it. I was down about 16 or maybe $1700 at one point and I was able to basically cut the loss. you know, a little bit more than in half, which is great.

You know that's good. That's kind of the best I could do today. That's all right. You know.

One of the things you'll find is that when you know when the market is hot and things are moving, you can do so well. But when things are slow, you just struggle. and today's a day where I'm just struggling. There just isn't a lot moving.

And if I continue trading, you know, 11:30 to 12 to 1 to 2? I'm just gonna get myself more and more frustrated I'm just gonna be churning shares. Could I possibly get myself out of this hole? Well, I'm only down 500. So yeah, but it just kind of becomes diminishing returns and it's just not really worth the effort. So that's fine.

You know we had a great start to the week Monday Tuesday Wednesday Some really awesome action, but things just totally slowed down yesterday and again today. I Don't know if opt T's secondary offering. wait a little bit on traders, you know I don't know. Maybe you know that news out yesterday morning weighed on things a little bit more than than I thought it would.

I Also find something sometimes that when the markets up quite a bit I don't do as well and the market you know being green yesterday and green today and then I did really well on. you know when's Tuesday and Wednesday when it was red but I'd also did well on Monday when it was green. so I don't know I Hard to say I suppose. but in any case you know not a Green Day recap but another day where you know I'm falling off the the bike.

but hey it's not I'm not beating up too badly. so I'm gonna get right back on and that's one of the things we talked about yesterday. It's good to experience these losses that are small because it kind of desensitizes you. It's like oh hey, this isn't a big deal I'm not going to be going home tonight in a bad mood.

I'm not gonna be like oh man I really screw up. Not at all. Today's a no big deal type of day. Remember this year? you know when we're looking at the spectrum of biggest red day and biggest Green Day This type of day is like no big deal.

This isn't going to bring out the emotions. the day the days that bring out the emotions are when you know you're either at the bottom of the spectrum on the red side. you know for me anything down more than well I would say anything down more than 5,000 is going to start to bring out the the frustration and disappointment On the downside, certainly anything more than 10,000 or 15,000 is bring it out. And and on the upside, anything more than 10,000 is certainly a great day.

More than 15 or 20 is a really solid day. You know when I get up into the 30 40 level those are days that are awesome and and you know they'll happen a couple times a year. But so those are the extremes and everything else is just in between and it can be hard to kind of wrap your head around that because as a trader you come in every day expecting to you know, have a great day. But you know a day like today is just.

it's just like a regular day at the office. and some days happen to be green and some days happen to be red. And it's really good to be able to separate your emotional state from the color on your P&L You know if I'm having a red dam in a bad mood? if I'm having a green day and I'm a great mood, the more you can separate that the better it'll be for your long-term You know, mental stability. so you know and again it's that the only way to do that is to decondition your system to condition yourself to experience these losses and not have it be a big deal.

So lots of small losses. Realizing? hey, that's actually not that big of a deal. Lots of small winners realizing okay, that's not really that big of a deal either. All right.

So yeah, that's about it here in terms of trades for today: I'll be back at it first thing on Monday morning and also reminder: Monday 7 P.m. Eastern We're gonna host a free workshop so those of you guys watching on the Facebook or Youtube you're welcome to register. That's gonna be 7 p.m. on Monday Alright everyone, so I'll see you guys first thing on Monday morning and I'm gonna answer a few questions here in the chat room if you're still watching.

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