What's up everyone? All right? So today is the 17th consecutive. Green Day up 3000 $262 I hear another stop hitting my skin? it's by OC I Didn't end up trading that one today, but I did really well on Lmf A and a couple others and I also got myself into a little bit of a pinch. You guys know now I have two accounts: I've got my IRA account and then I've got my regular account and they ended up taking a trade where I was long in the IRA and short the same stock in the main account. It was just sort of crazy ice and I ended up losing in the IRA.

Making money in the main account really only made like $200 It wasn't even worth it I was so kind of like split on my bias. Am I long or am I short? I guess I'm both crazy. So a little bit of a wild day, but you know what? another Green Day that's what counts and I'll be back at it first thing tomorrow morning 9:00 9:15 We're trying to make it an 18th consecutive Green Day and finish up the week strong. All right.

I'll see you guys there as usual. any questions, any comments we pull up? I'll answer this afternoon. All right. Enjoy! All right everyone.

So we're gonna do our midday market recap here this morning, finishing up three thousand, two hundred, sixty two dollars, and thirty five cents for my 17th consecutive Green Day Not bad at all. Today is the twelfth trading day of 2019 and you know it's nice to be on a little bit of a green stretch or a hot streak, but today was not the easiest of the days. This has probably actually been the most difficult of the days in the last like week or so. I started with a couple of really decent trades in my in my IRA account actually got myself up about $3,600 or so in the IRA which was terrific and then I gave it back on PL XP.

However, I hedged that trade by trading it in my main account to the short side and I made $2,400 short. So this kind of had the effect of you know, losing 2200 in the main account, holding it longer than I should have, but then making it back in the in the IRA and then making it back in the main account with a short position. Not something I typically do or actually probably have ever done. But now that I'm kind of trading these two accounts and I noticed that I had shares available to borrow, which is pretty rare I went ahead and traded the opposite side.

so there was a point where I was both long and short. the stock, which you know shows, obviously a real sort of mix of which direction I really think it's gonna go in, but I wasn't I really wasn't sure and so it was reflected in the way I was taking that trade. So I'll put this over here for now. So we started the day with LM FN This one was our leading gapper this morning, gapping up nearly a hundred percent.

As you can see right here, it's currently at 84% I Jumped in it right out of the gates and scalped this trade from 272 all the way up towards 285 and we had a final pop up to 310 and my best exit on it was actually at 3 Nine, which is awesome. Just one sent below hi of day right? where was it? Um, let's see - right here at 3:09 So that was my best exit which was pretty solid. So I made $1,900 on LM FA Now it wasn't actually the easiest one to trade you can see on the 5 minute chart. It looks pretty clean, but actually on the one minute it was fairly choppy.

popping up, dropping back down, popping up, dropping back down. you know you can see right here. So I traded it actually today I took a total of I believe 11 trades and I won on nine out of the eleven. So first trade was here, that was a green trade.

Got back in here for a green trade, scalped it up here for a green trade and then got back in here for another green trade. I No, not there. I Got back in right here for another green trade. so you know a couple little scalps but you can see it was very whippy up and down, up and down, and now it's back at 238 so not the easiest one to trade.

Not nearly as clean as Tbh LT was yesterday, but I knew that that was probably gonna be the case because this stock has a history of bigger red candles. All the big volume bars here are red, so it didn't really surprise me that it was not as clean as I might have liked. Next trade was on RBZ This one hit our scanners had news this morning and so I jumped in with my first trade at 2 dollars and 15 cents as it started to squeeze up right here. Jumped in at 2:15 it squeezes up to a high of 256.

it then pulls back and I take one more trade on this little pullback here for a scalp up through. let's see up to a high hit a high of 275. My best exit on this one was I guess to 60 to 69 so not bad but again not really a homerun 1200 1200 dollars on that and so with that I was up I guess about $3,100 in the IRA I thought it was a little more than that but guess about 3,000 100 bucks and then we had P lxp hit the scanner PL XP hits the scan and it gets halted on a circuit breaker and it first hit right here. It then pulled back and came back up and got halted right here.

It resumes and I decided to short it on this candle right here and I shorted it with 1,800 shares. so you know I'm like oh this thing I see the headline and it's actually a kind of not good news and so I'm thinking this thing's gonna drop. So I shorted it six dollars and that was in my account right here. so let's see me put this up here.

So I shorted at 6 601 right here. alright and then I added as it came back down I got a partial fill at 67, added at 40 and added at 89. I was shorting it as it came back down. so that was into this drop right down here I hit a low of 470 right here.

so this one ended up being really good. but I took my starter short right here on this candle and then it came back up and I was like you know what usually when this happens and it breaks over the high at the halt, they go higher and so I was like you know what I'm gonna try to scalp this in my main account up towards 650 I'm gonna hold this short because I do think eventually it's gonna roll over but I'm gonna give it a second here and I only have 1800 shares short so I can go ahead and add more 650. So anyways now I'm long at 619 and it only hits a high of 623 before dropping here down to 6 565 Through this one-minute pullback, I'm actually holding it waiting to see if it's gonna break back over 590 and go back to the highs in which case I might be able to get out of my long position may be closer to break-even and I'm thinking if it does that, it's probably still gonna do a false breakout and then come back down and I'll be able to hold my short position. It didn't come back up enough for me to get out and so I ended up selling it on this candle right here as it broke down and that's also where I added on the short side.

so I lost 2200 bucks in my IRA and that was disappointing because you know $3,000 days are awesome in the arrey I Love making that type of progress. It's tax free it's you know, for retirement it just feels really good. and so anyways, gave back twenty two hundred bucks but I'm holding it on the short side and I go ahead and add into the flush and so in total between these two trades only made for only made 200 bucks. Was it worth it? In fact, no it wasn't I would have much rather kept that $2,200 in my IRA but you know it is what it is.

So I'm green and that's I guess what counts but I'm not super super happy about the way I traded that one and then ygy I came up and I took a scalp on it with my main account or with my IRA account which is now my primary account. That's why I'm kind of getting these two confused because I'm mostly trading in the IRA. So anyways, and I did that on this one-minute micro pullback but I got stopped out and it didn't work so whatever and I didn't have shares available to borrow that one. it wasn't short a bull so I couldn't have shorted it even if I wanted to.

And yeah, as a result, lost 130 bucks. So you know I am only up after this trade on PL XP and this one on Y gyi and this one here I'm only up like a hundred and I'm only up actually about 70 dollars. So all of those extra trades for only $70 it wasn't worth him. I should have thrown in the towel and called it a day after making almost 2000 on LM FA and making another 1,200 on RBZ.

but you know I kept trading kept being a little aggressive and now I'm definitely done for the day. I'm not going to keep trading I'm don't want to I don't want to go red in my IRA and I already gave back more than half of the profit with this this trade. So I didn't get into Plx P before the halt because it I didn't see it soon enough. it got halted before I could and also the spreads were pretty big and I wasn't totally sure it was gonna work.

so I ended up just leaving it alone and I was right on the shore and you know got rewarded there, but got faked out for a second, jumped in long and you know, got bumped out. you know on that one with a bit of a loss. So kind of a choppy day, you know. and I I don't know.

that's just the way it goes Sometimes I could have easily just probably just as easily made money both long and short. scalping from 6:20 up to 640 650 adding to the short at 650 and then covering as it came back down because with that headline, I did expect it to reverse I Just thought maybe it would get a little bit more momentum, especially because of the irrational strength that we've been seeing in the last couple days with Mbot with TBL T by OC you know, but it just didn't really carry over to this one by OC Remember Big move. A couple big moves this week and a little bit today, but I left it alone thinking yesterday's chart wasn't the cleanest, but it did a nice little micro pullback right here that was at 76 and that led to a move up to 290 high. A day is 294 so you know, not the biggest move there.

but you know Green is good. So I'm gonna walk away today with more money than I started and that's what's important. You know it's easy to kind of get tunnel vision and be like you know what this was at 3,100 an hour ago. Can I get it back to 3100? you know.

But and it's you. always kind of can feel that way when you have a great trade and you get some really good profit, then you give some back and I'm just gonna try to let that go and say you know what? Ross $3,200 17th consecutive Green Day Give yourself a pat on the back. It's been a good month. Thirty-three thousand, two hundred dollars of profit right now on the month and most of it is tax-free in the IRA which is awesome.

My goal was to get the IRA up to fifty thousand dollars by the end of the month and you know I've got I guess about four thousand between me and that mark. so I'm almost at that goal. I had a goal of hitting forty thousand dollars of profit if I can do 40,000 that'll have me on track for about half a million dollars again this year, which is pretty much my goal at this point. and I'm well ahead of schedule with 1, 2, 3, 4, 5, 6, 7, 8, 9 days left.

I only need to make another $7000 so that shouldn't be hard at all since I've been averaging more like 2500 a day. so a green day I Can feel good about that and we'll be back at it first thing tomorrow morning. We'll finish off the week, hopefully with a couple more green trades. you guys are saying Co RV is moving up I'll take a peek mm-hmm I See that? Yeah, hitting the 200 moving average there at 3 200 is right around 320.

possible resistance there. There is a headline on it, but yeah, it's not on the scanner for some reason. So anyways, reminder guys: 1:00 P.m. Eastern So in about two hours, we're hosting a free workshop.

so make sure you guys register. We're gonna have a pretty big turnout I suspect So if you are late to login and we have more than a thousand people in the workshop, you'll be in listen-only mode. All right, So listen only mode means you won't be able to chat. You'll only be able to listen.

Yes! During the workshop today, I will be inviting a group of students to join me in the Inner Circle this year. it'll be a special offer. You guys are gonna be pretty excited to see it. Inner Circle this year is a little different from last year.

Last year we did in-person seminars where we got together and we had a couple different places we went. but we got together and we all traded together in the same room. and I would do a you know a presentation about a topic that you know I thought would be interesting to you guys and everything else. But the feedback that we got from a lot of those inner circle students was that they really wanted one-on-one support.

You know it was nice to all be together and to meet other traders, but what they really wanted, what they really felt would help them get over the hump was having one-on-one sessions and we started doing that in the last - inner circle seminars. We would have a breakout of one-on-one sessions and so we decided to change the focus of this year's inner Circle to instead of having these big seminars - instead let you guys book one-on-one sessions with us. So I've been doing them most mornings and the same with Mike and Roberto and our Sh, Vince and Selene are going to be available to do them as well. So and Ted is available.

My trading Coach: The trading coach that I've used for the last almost 10 years. So that's something that's only for inner circle students. and it you know it's not for everyone, but for people that want that extra support, we want to make it available. and then if we decide to do a seminar this year, we'll just do it as a separate event.

you know? I'm not sure exactly how we're gonna do it, but anyway, So yeah. Workshop 1:00 P.m. Eastern Those you guys interested in being part of the Inner Circle, you're welcome to join that and I will see you there. So I Gotta get myself ready I Got to go over my slides, my presentation and have a little bit of lunch.

so I'm gonna do that. I'm gonna let you guys do your thing and we back at it 1 o'clock for the workshop and then first thing tomorrow 9:00 9:15 for pre market analysis and hopefully tomorrow is a little bit of a cleaner day and it don't get myself into the jam of being long and short the same stock at the same time. All right, that's it for me. I'll see you guys first thing tomorrow morning.

and for those of you guys joining the Workshop, I'll see you in about an hour and a half. Two hours. Ok bye everyone, if you're still watching, you must have really enjoyed that video. So why not subscribe and get email alerts anytime? I upload new content.

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