What's up, everyone? All right? So here we are: First trading Day of: September Finishing the day in the green I am happy with that now. I'm only up three hundred thirty four dollars. and if anything, you know this kind of is indicative of how being even slightly green feels so much better than being just slightly red I Feel a hundred times better than if I was down one hundred fifty dollars today. And you know that right there hints at that kind of trigger that you can get when you go red on the day and then you try to get yourself back to green.

You always know it feels better to close the day cream. Now you know at the end of the month, it doesn't really matter if you have a couple of red days, even if they are down a thousand bucks or more because you know that's just part of being a trader so it doesn't really matter I had started a month red I could still finish with. you know, really great month, but starting in the green is better. So I'm happy with that.

Today's the day where I trade three stocks and I'm green on extremely one of them I made about six hundred ninety five dollars on NCT Why I lost one dollar on another stock and 360 on the third. so not a lot of really good momentum today. Definitely still a bit of a choppy market. Things do pick up on the other side of Labor Day but you know there are probably some traders who took a long weekend.

Maybe they're not back yet, so we'll probably see things start to pick up a little more slowly. not just like right away the first day back. and I'm okay with that today. I Followed the rules so we're gonna break it all down in the midday market recap and as usual, any questions, any comments, leave them below and we'll come back through and answer them later today.

All right, Enjoy! All right everyone. So we're gonna go over our midday market recap here for today and you know this was a green start to the month, which is great. I'm up three hundred thirty-four dollars in only fifteen minutes of trading, so that's all good. But $334 is certainly below my two thousand dollar daily goals.

so I'm a little bit below the goal, but at this point I Just say happy to be green and following the rules of the month, which is really important. So one of the things that we talked about during our pre market kind of breakdown this morning was me wanting to make sure you guys have prepared your rules for the month of September as well. Well, for those of you guys that have just joined us over the weekend and you're brand new trading, the biggest rule is to trade in a simulator for the entire month. Don't trade with real money.

Don't trade with real money until you've proven you can be profitable in the center. Now you know the Sim obviously is gonna be a little forgiving in terms of fills and slippage and stuff like that. But if you can't be profitable in the Sim, you really don't have any business trading with real money. So first step trade in the Sim.

Now if you've been trading for you know, a couple of you know, months or weeks or whatever the case may be and you did trade in August then you can create a set of rules for the month of September based on what you did right in August and and what you did wrong. Now, no doubt there were some trades that you look back on and think wow, I could have done this this differently or better or whatever the case may be. So for me, the rules that I put together for the month of September are going to be a continuation of the rules of August Number One shut off the monitor after the midday recap. So when I finish my midday recap, I'm gonna shut off the monitor That way you know if it's better for me if a stock does take off in the middle of the day that I just don't even see it at all.

Because if I see it and then I'm gonna start to start, fixate on it and feel like I'm missing an opportunity. And then FOMO kicks in and the ability to maintain composure for me is not as strong in the afternoon. In the morning, one of our students last week said he was a professional soccer player and ninety minutes is long enough for him to compete against the market, which I thought was a really like spot-on way of looking at it because when you're trading against the market, you've got to be at peak performance. You've got to be super focused.

You've got to be just in the zone. And it's not reasonable to expect that you can be in the zone from 9:30 in the morning until 4:00 p.m. in the afternoon. That is not realistic, right? So for me, I'm in the zone.

Well, today, it was actually only 15 minutes. but for most days it's from 9:30 until 10:30 or 11:00 So you know right around that 90 minute mark. which is, you know, short enough that I'm really able to stay focused, but long enough that I'm able to really capitalize on the opportunities that present themselves at that time of day. So rule Number one: Shut off the monitor after the recap.

So when I finished this recap, I'm gonna shut off this monitor I'm not gonna look at it again until tomorrow. Number two: $2,000 daily max loss. So with a two thousand dollar daily max loss, I'm basically saying, you know, I'm cutting my losses a certain amount. If I have a day where I'm going down, I'm gonna stop it at 2,000 rather than continue to go down and down, down, down, down, maximize, have a max loss on your account.

That's really important now for me. I Called Lightspeed and had them set it up on my account. So I don't have to think about it if I'm down more than two grand. I cannot take another trade.

Rule Number three: if I have three read trades in a row, three back-to-back losers, I'm done for the day. Alright, so that I have to do myself that's not automated with my account, but that one's a really important one because if I have those three read trades in a row, I start to get frustrated, annoyed and then I'm just so likely if I keep trading to just start to spiral. And so these are really all based on techniques for me to prevent going into that emotional place of trading. For anyone who's traded before, who's which is almost all of you except for some that are watching maybe on YouTube Facebook or some that just joined us in the last week or so on the Labor Day specials and things like that which are still.

we've extended them through today. so you're welcome to go check out the website. You'll see the coupon code labor Day One word will save you 30% but these are really about you. Know that that emotional control Because What? I've certainly come to learn and many of you who've trade for a while as well will learn.

You have these two parts of your mind. You've got the emotional side and then you've got the intellectual side. And when the emotional side takes over, that's when you start revenge trading. FOMO Trading chasing stocks.

you just start getting more and more amped up and you can be in such television in a period of an hour or two hours. You could just throw away tons of money, chasing stocks and and just making tons of mistakes. and then you step back in a day later you'll get your trades and you're saying what was I thinking and the problem was you were not thinking. your intellectual mind was hijacked 100% by that more primitive emotional mind.

That fight or flight, fight, flight or freeze. you know, very just instinctual kind of mind. And the frees one is one we don't talk about very often. or maybe you don't think of it.

but it happens a lot in trading and that frees instinct. You know if you ever driving down the road you see a chipmunk just suddenly freeze in the middle of the road. That is a survival mechanism, right? And we do it. Sometimes when we're trading, we're suddenly in a bad trade and we freeze and we just watch it go to lower and lower and lower.

And that's that emotional mind. And so and for me, what I do is I kind of look at the triggers that can allow my emotional mind to hijack my intellectual mind and these are all based on that rule. Number four: tight stops 30 cent max loss if I have a 50 60 70 cent loss, that's gonna start to trigger the emotions. Number five if I give back more than half my profits after hitting my two thousand dollar daily goal I've got to walk away.

So if I make two thousand, three hundred dollars and then I lose fifteen hundred. that's disappointing. but I'm still green I need to walk away Now if I say well now I'm up only you know, eight hundred bucks I'm gonna try to get myself back to up Twenty Three hundred. That's where I got myself into trouble.

So um, you know one of the things I think more than anything else is for you guys to develop a sense of awareness of your emotional state while you're trading because it can really impact your performance. I mean really, really seriously impact it in a negative way. So these are me kind of learning my triggers and I kind of wave the red flag and say no, no, no, get out of the market before you just go all into the emotional stuff. Now in, when you're in the heat of the emotional trading, it can be very very hard to pull yourself back to the intellectual mind.

But one of the things that you can do which will help you is if you just put it on you know your your monitor either with a sticky note or whatever. close your eyes for a minute and just breathe. Just separate yourself, breathe, bring it down and then your intellectual mind is gonna start to take back over and it's gonna, you know, pull you away. But it's it's really hard to do once you've kind of crossed that tipping point that point of no return.

So I have these rules for me to help me getting from getting to the point of no return. So today is a day where on my very first train I lost three hundred fifty Nine dollars. So this was a day where the watchlist was a little on the light side and this is kind of the funny thing you know today we're talking so far mostly about the emotional stuff and one of the things that we say is that trading is kind of a 50% skill, 50% emotions. You can have traders who have all of the skill.

They know all of the things that you need to know about trading. They know how to press the buttons, how to scan for stocks, all that stuff. and yet they continually lose money. And it's not because they don't know what they're doing, it's because the emotions get in the way to keep having these days where they give back all their profits.

You know, they give back three weeks of profits in one afternoon and it keeps happening again and again again again. They're not able to break that habit and that's the a profitable trader. So I Do like to think you know that we try to emphasize the emotional stuff quite a bit because it is such an important component. So the Gap scanner this morning M Nkd leading Gap or not a stock I like the floats to high tea a 5 cent tick Cdz I too expensive re pH interesting the floats 16 million shares.

that's fine when I pulled it up I saw that it was already selling off pre market so I didn't like it so pre market chart was bad D Mpi-2 cheap NCT y 8,000 shares of only in pre market. Alright so I pull it up and I see announces a share purchase planned by the chairman and CEO and I'm like okay that's interesting. So I open this up where is it over here and I just take a look because a lot of times these are gonna be like you know, purchasing small amounts and I look at it to purchase three million dollars worth of the stock. Three million dollars of a stock priced it well as of yesterday, a dollar.

How many shares is that right? You do the math. that's a lot of shares to be buying and he's gonna buy him on the open market. So when I saw that I was like wow, that's a significant headline Now the float on it is 24 million shares. so he if he buys three million shares the floats gonna drop down to 22 million shares.

it's still a pretty big flow. It's not like he's buying half the float back and you know, but it's it's substantial so that and that's a huge vote of confidence that shareholders saying my money is better off in this stock than in the overall market and so that's a real vote of confidence. So we always like to see that. So this was a great headline.

Now on this one you can see I made 700 bucks on it I was a little iffy on it. you know the bell rang and the volume was kind of like non-existent First three minutes it traded on basically no volume at all and then all of a sudden here it pops up to a dollar 40. I got in as it broke the pre-market high of a dollar 30 but I took only three thousand shares on it because I really wasn't totally sure. So my entry was here at 3 and shares and when I took that entry, I was already down $360 on the day So I was already saying look, you know, don't triple down on the next stock, go easy on the next stock.

Let's just see if you know if I can get maybe a little bit more profit I can't I'd already had two losses in a row right here. so I really it was like I don't know and then it ended up opening up from 332, 340, 350 Ok, consolidates there and then from 355 squeezes up to $2 75, 80 % move. So that was our big mover today and remember every single day there's the stock that moves 20 to 30 percent. The trick is finding it early in a day and we certainly did find NCT Y early in the day.

but then it's about getting your entry and holding as long as you can. And for me, that's where today. my entry was decent I sold it at 150 I didn't get back in 55 because it did a false breakout on this candle right here. It went up to 56 and then dropped back down to 47 and it looks thick.

It looked like there were a lot of sellers and so I thought I don't know and then BOOM it takes off right here and I almost jumped into 70 right here. It did a little 1-minute micro pullback at 170. I'll pull this out here so you can see and I hesitated on it and I saw Jill she jumped in there at 170 it was a good entry I Just I was being cautious today and you know what? I'm okay with that. It's the first day of a new month and it didn't do super well last month.

So right now it is about being a little bit more disciplined, being a little bit more cautious about my entry. and in this case, yes, I could have gotten in here at 170 on this micro pullback and boom it goes up to 2 bucks. I did the safe thing and I hesitated I could have gone in at 79 and then I felt like at that point you know if I'm not gonna get in at 70 and I get into 79 that I'm really chasing it. So now I just gotta wait and my last entry was a scalp.

This one was a 1-minute pullback right here at $2 and it popped up to a high of 205 and then dropped back down. So I'll show you the order. So very first trade on it on this one: I'm in at 1:30 and I go from 3000 shares to 9000 shares at 150 because I was like look, if it breaks over the half-dollar it's gonna take off. That's what I thought and that's typically what happens, but it didn't So I end up selling basically back out at 49 and the rest at 48 and some at 40 and some at 52 so it ended up not being the biggest winner you know.

I was kind of disappointed with it. so on that first trade I made like 400 bucks or something like that 500 I think I made $550 and it went. It put me green on the day. Okay, so the first trade of the day was CH ek.

this one was also on the scanner - right here on this one this kind of disappointing headline out pre market. it has a flag right here. I jump in at 45 for the break over the half dollar I basically just punched the order right away for the break of the half dollar. it taps a dollar 50 and it does not break that level.

So I'm in on this one. Where did I get in? I got filled a little early on that one and there and then I stopped out at 39. So with 9,000 shares you know, unfortunately kind of dodged a bullet by stopping out quick. As soon as I realized there was a hidden cellar at 150 I was like this doesn't look good I'm ready to bail and as soon as it started drop it punched it.

it dropped all the way back down to $4 popped all the way back up and all the way back down. Just a wild stock. So that was my first trade of the day that was red. Then I had N Cty and then I had a quick trade on a Ta I where I jumped in it at the half dollar of 51.

partial fill at 54, sold at 54 and 48. lost one dollar in six cents. so whatever. no, not much there.

Got back into N Cty here for the break of two. thought we'd see a big break. Ended up selling these shares breakeven and the rest at like 2:00 and some at 186 just wasn't the biggest break. and then that was where I was like you know what? I think I'm just gonna take the profit, be green today and be happy with that.

So you know, finishing the day up $304 this is not the biggest day of the year for me. Obviously, it's below my two thousand dollar daily goal, but it's green. That's a good way to start a new month, so I'll be happy with that and I'll just kind of keep you know easing into the market a little bit. see how it is tomorrow if we see good follow-through If we see good momentum, I'll increase my share size, but if it continues to be choppy, then I'm gonna be really cautious.

So today's the 160 third day of the year plus three hundred thirty four dollars and 69 cents on Friday I made 685 So we're still kind of in a little bit of a slow market we expect on the other side of Labor Day that things will pick up, but it's not necessarily on day one. All right, Sometimes it takes a few days, so it's just kind of about sitting tight waiting for those good opportunities and making sure you stick to the rules, right? That's really the most important thing. Follow the rules, these are what you know, guide you and these are what kind of keep you in line and keep you from having those big those big red days. Obviously, if I have a date tomorrow where I lose $5,000 you know this is great.

But then if I if I throw the rules out the window tomorrow, you know then I've got to hold Dig-out up. So I got to keep it going slow and steady. You know, one one trade at a time. All right.

So that's it for me here today. Fifteen minutes of trading $334 Not gonna overstay my welcome Green is good and and that's it. So I'll be back at it first thing tomorrow morning. I'll see you guys all back here in the chat room.

9:00 9:15 pre market analysis will start and for those of you on YouTube or Facebook who've been thinking about joining and you haven't joined already, coupon code labor Day will save you 30% So I hope to see you guys in the chat room tomorrow. Alright, that's it for me. I'll see you guys in the morning if you're still watching. You must have really enjoyed that video.

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