What's up everyone? Alright, so here we are finishing the 15th consecutive. Green Day Guess what? Another $9,000 today nine thousand, one hundred twenty-five dollars and 18 cents on I Believe we had six trades and six winners. 100% accuracy today. I mean I was on fire that called me the stock market assassin and killed the markets.

so bad. Gonna be closed tomorrow. it needs a day of rest. So literally the market will be closed tomorrow.

It's not because I killed it So so dead it's gonna be because of mourning for George Bush So anyways, markets are closed tomorrow it's gonna be a day off. We'll be back at it Thursday and Friday But man this was a great start to December I Really wasn't expecting to have. you know, such a good start here. but yesterday made 1,200 bucks today 9,000.

So I'm up over 10,000 on the month on the second day. still have the goal of about $50,000 minimum this month, you know I'd really like to get to the eighty-five thousand dollar mark and with days like this if it could happen, but realistically to get to Hunter K mark I'll probably be at I would a hundred K months for me would be a month where I'm averaging about four or five thousand dollars a day with a couple of home run days where I'm getting ten to fifteen to twenty thousand dollars and a couple days that I'll just be maybe read at most three grand or you know, break even so it could be done. But the thing is, it's not really up to me, it's based on the market if we have a hot mark. if we have a lot of momentum, I can step up to the plate I can be aggressive I've got the account size to do it, but you know if things end up being slow, we have a week where everything that pops up just fades right away.

We don't see good follow-through Well then in that case, I'm just going to have you know, sit tight, sit on my hands and wait for stronger markets to prevail. I Mean that's that's just the way it is. It's the ebb and the flow of trading you up. huff mark off markets and then you'll have to look older markets and you know you just kind of got a trade.

The market you're in, not the market you want to be. You get fixated on some big goal and you keep being really aggressive during. You know what is just definitely a cold market. Guess what? you're gonna lose money.

so I can't get too bent out of shape about hitting some specific goal. Just be consistent as much as you can be in touch with the market you're in and manage your risk. Alright, so anyways, that's about it for me today. Any questions, any comments? leave them below.

You like the video. Give us a thumbs up. You enjoy these videos, subscribe to the channel and you'll get alerts when I Go Live which is every morning right around 9:15 for my free market analysis. So I'll be doing it first thing on Thursday Morning Live From New York City I'll be trading from the city on Thursday and hopefully make a little bit more money and finish this week with some free transit.

All right. So I'll see you guys first thing on Thursday more. All right everyone. So we're gonna do our midday market recap here.

Go over the trades from this morning. I'm finishing the morning here up nine thousand, one hundred Twenty-five dollars and 18 cents. Not bad at all. It's you know, it's always nice to be up close to ten thousand dollars.

It was just about two weeks ago that I had a twenty two thousand dollar a day which was very, very nice. You know? So I'm not quite over the ten thousand dollar mark, but pretty close. So nine thousand, one hundred twenty-five dollars in eighteen cents in one hour of day trading I Traded two stocks I Took probably a total of about ten trades and every one of those trades today was a winner. So I can feel pretty good about that.

and I'm gonna put up my my PNL here from my trading platform so you can see it right there. The two stocks I traded sfe t this one was straight off the watchlist. All right. So this morning started the same as any other morning I Didn't expect this was gonna be a $9,000 day I Really set the bar pretty low.

Basically, this morning, you know. I I knew that today is only the second day of the month I still need to build the cushion I'm not quite in the driver's seat yet yesterday I made $1200 which was a good day, but realistically I could lose 1200, you know in one loss. So I wasn't really in, you know, really in the driver's seat on the month yet? So I set a goal today of just being green. Five hundred thousand dollars.

But you know, of course my first trade ended up being a pretty nice winner. So as you can see the watch list or the Gap scanner here, our leading gap or only had two shares of volume. So this one I didn't even look at the second-leading gap or was N. Vln gapping up 42% The stock is priced a dollar, forty 16 million share float, thousand shares of pre market volume and it did have a catalyst.

so this was, you know, a decent idea. but unfortunately by the time the bell rang, it was already trending down so no trades on it. second-leading Gap or Le Vb. I almost took a trade on this, but by the time the bell rang, it was also selling off and I was kind of waiting for it to do a possible red to green move and it just never did it.

It gave a little pop right here, but it didn't and end up actually going green on the day so no trades on that one. The third leading gapper was SF ET and this is the one that I made seven thousand, nine hundred, seventy five dollars on so pre market. you can see it hit a high today of eight dollars, a nine dollars and thirteen cents. So I'll put that up to a high of day.

we're close to it anyways. alright, so pre market we were watching it and what I said on this was you know, Okay, it's got a headline. it's you know, a contract with the Israeli government. It's not a big contracts, only one hundred sixty thousand dollars.

But funny enough, you know I made like five percent basically as a day trade of their entire contract, you know? But in any case, they've got one hundred sixty thousand dollar contract which we knew was a little small. two orders of sixty six thousand dollars, you know. but at the same time it's a it's a contract. It is a catalyst.

and the stock was up pre market. I Mean it was up 23% Alright, so this stock had what we look for. It had the price between a dollar and ten dollars gapping up 23% The volume was one hundred and thirty seven thousand shares. It's not like no one saw it was being traded.

The float was four hundred and sixty eight thousand shares. It's a very low float stock. So this had all of the five criteria that I look for in a stock to have homerun potential. Just because it has the potential doesn't mean it's going to be a home run.

but it definitely had homerun potential. So as we were watching this pre market I was aware of the fact that it had kind of been trending down. You know it popped up here from six to 750. it pulled back, it popped back up, and then it made a new low.

It broke the low of this level here as it sold off, but then it kind of started to base out right here, under seven. So as we were getting closer to the to the bell ringing I Was sort of watching this level here thinking that this may end up being a good setup for a break over seven. So I kind of marked out this little high here of 689 and the low of the pullback is being 639. I Knew this would be my max loss on any trade.

No doubt if I get a tighter stop that would be better. but this was definitely the max loss. All right. So the bell rings and the stuck for a moment for the first minute.

It doesn't actually do much of anything and then the second minute it pops all the way up from 689 it breaks that level that little pre market resistance and it squeezes right up to seven dollars and ninety cents. and it does it without me. I don't I didn't take the trade on that, you know, just pops up on 50,000 shares of volume. It then drops all the way back down to 7 bucks and I was like hmm I don't know about this.

You know this, that's kind of a big range I mean that's interesting, but you know this. This could get me in trouble if I jump into it and you know I buy the top and it drops right back down. So I gave it a second. This candle forms with a high of 749.

All right, and now I'm like, okay, it's actually holding up relatively well. so I ended up taking a buy at $7.38 As you can see right here now I went a little smaller on the share size I took a starter there only 3000 shares and you guys know I I don't have much of a problem trading with 9,000 or even 12 thousand shares, but on this one I didn't feel comfortable being that aggressive. I'm gonna close this down here for a second. That way we can look at the charts.

Okay, I'll just close these off I just want to save this after I close these right? So there we go. That's fine. So I'm in at $7.38 All right, the next candle. it does break the high of 750 first one-minute candle to make a new high and it squeezes up to 790 and taps a high of eight dollars.

It then pulls back off that level And what? I decided to do on this first trade-in at 7:38 selling a small two hundred shares at 787, hitting the bid at 760 to lock up some profit, selling more at 759 and then adding back as it surges up here. So it dips, it taps eight, it dips down and two surges back up right here. I add three thousand shares at 779 and sell a quarter of them at 798, 798, 809, a little more at 850 - is it spikes up - 866? it pulls back right here and then I add on the next pop at seven at 8:46 it pops up I sell a little bit at 82 905 and I don't know what. that was probably a typo and then the rest at seven at 860.

Now right here at 913, it looked like it was about to get halted going up and I was tempted to add going into the halt I mean I once I saw that I was tempted. but the fact that right here had dropped down to 793 and popped up to here I felt that adding up there. my stop was too far away and the risk was too high and the fact that it had already done something like that earlier in the day where it squeezed up and then dropped down I just felt like it would be an aggressive move to do that and I wasn't sure I could trust that. so I decided not to add there it pulls back.

it kind of, you know, pops back up again but it doesn't hold that level and you know I ended up stopping out of the rest of it I think at a 20 or something like that, let's see this is at 9:37 We might have one more trade on this in a second. So anyways, so this was SF et. So those first few trades I made I want to say about $3,000 Alright, and then I have this trade on a NY Alright, so a NY pops up on the high ad a momentum scanner. it wasn't on the watchlist pre market, but it hits the scanner at whatever like 9:30 SF et obviously on the scanner hitting the scan, zoom the scans and then we'll have a NY right here 558 89 and I guess that might have been the only times I hit.

Alright, so I see a NY on the scanner and I see that it has just made a pretty big move from 460 up to 560. it pulls back, it then squeezes up here up to 601 or $6 It drops down and I end up buying this little one-minute micro pullback right here. I saw it pulling back and I thought that it had a good chance of breaking over 6 and the daily chart showed room back up towards $8 So on this one I took 6 thousand shares at 83 and I add in another 3,000 86. So I had 9,000 shares right Here it pops up to 6 but it wasn't able to break 6 dollars and so what I did was I put an order at 97 just to sell the position because it seemed like there was a hidden cellar at 6 and I got filled I filled the whole position at 97.

So Boom! 9,000 shares. That's $1100 in 83, 85, 86 selling at 97. So you know. Quick little trade there.

My target was that it was gonna break over 6 and I'd be selling the whole thing up around 610 620 630 but it just didn't break that level. So I ended up being a smaller winner relatively speaking. and so at that point I was up about four thousand dollars on the day. Alright, so in pretty good shape there.

Alright, so next trade is on SF et. so keeping SF et on watch because it was, you know, obviously a big winner in the morning and clearly a stock worth key anion. I was still watching it pretty closely. So I'm gonna go back to the one-minute chart.

So the next trade was at 953. All right. So it's going sideways for a little bit here. it's kind of pulling back as you can see right here and I decide to take the first 5-minute candle to make a new high.

So right down here it pulls back to a low of 75 and I decide to jump in at 777 83 and adding with my hockey at 790. So I had six thousand shares right here. It squeezes up to a high of 820 right here I added at 8:17 So I had seven thousand five hundred shares which was a pretty big position I ended up selling basically scalping right there at 717 I expected it was gonna break over 820 I thought it was gonna break that level right away. it didn't.

it ended up only hitting 20. So I sold it 19. half my position or yeah I guess about half my position. see that 6000 I wonder why I'm not sure which order I used there.

um oh I guess I actually put an order to sell the whole thing. That was probably an accident, but in any case, sold 40 was 400 shares at 19 and then so you know that ended up being a nice winner there. Probably Let's see from 70, that's almost 50 cents on 4,000 shares. so you know that's like $2,000 of profit.

and then I sold the rest at six, Eight oh six and eight twelve. Alright, so not the biggest winner there. it didn't break over 8:20 I Thought that maybe it would go back towards the highs, but it didn't. It ended up pulling back and then setting up this ABCD pattern.

So this is a B C and D is when we break over the price of point B right there and that's what you see can happen. It happened right in this area. so now at this point I'm up about $6,000 on the or maybe just just about $7,000 on the day. Alright, and then the last trade on this I kept it on watch and as it started to curl up right here and broke over eight dollars I jumped in at 790 to 790 which is a little unusual.

The second order I get filled lower eight dollars and 812 on this one I Took nine thousand shares I stepped up to the plate and took a pretty big position expecting that we would almost definitely break Eight Twenty right here if we broke Eight Twenty Eight 50s next Target and then Nine Dollars as a possibility. So I've got nine thousand shares at an average of about $8 805 I sell 2500 shares at 825. reduce a little risk, it squeezes up more to 8:40 8:45 and 868 and I'm selling into that squeeze 826, 834, 854, 849. Lots of small orders, just sort of unwinding the position and that puts me up nine thousand, One hundred Twenty-five dollars and 18 cents.

I Did have a back of the mind target that this could potentially go to new highs $9.00 That didn't end up happening I Also had an order ready to add over 850 if it did a one-minute micro pullback here, but it didn't It did a one-minute micro pullback right here, but it dropped down too much so. I ended up taking my profit on my last shares as it popped up right here to 840. So one of the things I talked about during our workshop last night was the challenge of: what do you do when you've got a winning position? You know I've got 9,000 shares of the stock at 8:05 so that's right here. So I sort of have two choices when it's all right.

three choices when it squeezes up right here. I can do one of three things: I can sell half of my position right here at about 8:30 and book to thousand dollars of profit and adjust my mental stop on the rest of the position at breakeven. So I'm gonna walk away Green that's option number one. Option number two is I hold the whole thing at 8:06 and keep that $9.00 target.

and maybe if it breaks nine, it goes up to nine 50 and $10 and that obviously would end up being a monster trade that could be like an $18,000 winner. However, I would have ended up stopping out of the whole position break-even right? So I wouldn't have made the 3000 that I made I would have made you know I would have been breakeven. so I would have been sacrificing the small profit hoping for a bigger winner. And then the third option is that as it's squeezing up I add to the position which is like the most aggressive thing to do because I'm taking on even more risk I go from nine thousand to twelve thousand shares maybe to fifteen thousand, maybe to eighteen thousand.

and now I'm gonna have a new cost basis of like 8:30 or 8:40 holding a huge position and if it goes up to 950 or 10, I'm looking at a you know, $25,000 winner potentially. I've done all of those three things at various times on this particular trade. I was a little concerned about how far it pulled back from 915 down to a low of just about 7:00 7:15 That was a pretty sharp pull back and this first little setup here didn't work. so I knew that for it to go from 8 all the way back to the highs was a pretty big stretch, so that made me a little nervous about definitely holding the whole position and even about adding.

The second thing that I'm certainly aware of is that I'm early in the month right now it's only the second day of December and coming into this morning I really didn't have much of a profit cushion on the month, so my first job is build the profit cushion once I have the profit cushion. you know then I can afford to be a little risky and you could of course say well, Russ you know it's December And you know before today I was already up. You know, almost half a million dollars on the year I can afford to be aggressive, You know I suppose that's true, but I kind of look at every day and every month as a as a new day yeah or a new month I Don't really try to say well I've got a big cushion so I can afford to be risky I want every day to be a Green Day I trade for income that's always been my focus is to make money every day to walk away green and I'd rather walk away with $9,000 then walk away break even knowing I had the potential to make eighteen thousand. You know I would just prefer to be green consistently.

And so today's a day where you know with all of these trades. I'm not sure how many there are total, but it looks like one trade there - that's a second trade. That's the third trade. that's the fourth trade.

The fifth trades six trades today. So like roughly six trades, six winners. And that's because every time I had 30 40 cents of profit I went ahead and sold half the position. It's a little more conservative, but it keeps me consistently green and as a result, my accuracy is pretty high nearly 70% of the time.

I'm right with that kind of accuracy, my confidence gets higher. That makes me feel more comfortable trading with larger positions. and so it's kind of this, you know, positive reinforcement cycle And it's not to say that on a day where maybe we had a very similar setup like this, but maybe it didn't pull back quite so much. Maybe it kind of pulled back to this area and was hanging out just under the highs.

I might have been more aggressive about adding through high a day knowing it's gonna show back up on the highe day momentum scanner as soon as it makes new highs, but because this didn't make new highs right here, it didn't come back up on this high a day scanner that so many traders are gonna be using and so some traders that didn't see it this morning didn't even might not have even seen this move and wouldn't have seen it until it broke over 950. So I think I did the right thing here. I was a little more conservative I took a couple of positions that were more aggressive, but I only did it once I had a cushion on the name I was willing to risk a little bit of the profit that I'd locked up in exchange for you know, possibly having a bigger day and that did end up happening. So you know, finishing up just under, you know, $10,000 on the day you know, or whatever.

just over 9,000 However, you want to look at it and you know it's it's putting me in. Really a good spot here. I'm going to be up just about four hundred and ninety thousand dollars on the year and sitting at about eight hundred and twenty six thousand dollars in the account that I started about two years ago with less than six hundred bucks. So I've got about a hundred and seventy three thousand dollars sitting between me and crossing the 1 million dollar mark and I'm hoping that that happens.

You know, sometime within the next, you know, maybe two months at most, but up now about ten thousand on the month of December. This is a good start to the month and I've still got a little ways to go. I'd like to be able to make at least fifty thousand dollars this month. Hopefully you know can end up doing better than that, but fifty thousand would be the minimum.

so I'm one fifth of the way. They are two days into the month and it's just time to. You know, stay focused, keep trading, and keep you know making some money. Alright, so that's about it for me.

I'm gonna be back at 3 p.m. Eastern for our warrior Pro mentor session. So I'll see you guys there Warrior Pro students, and everyone else. I Will see you on Thursday morning.

The market is closed tomorrow to honor George Bush So market closed tomorrow. No trading and chat rooms are gonna be closed, but we'll be back at it on Thursday morning and we'll finish up this week. Thursday and Friday Hopefully with a couple more green trades, most likely they'll be coming right off these scanners. So keep a close eye on these scans on Thursday and Friday All right! I Hope you guys have a good afternoon and I will see you all first thing on Thursday morning.

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