What's up everyone? Alright, so here we are Monday morning and you know what. Starting today, starting the week in the red, which is disappointing. I'm down eight hundred and eleven dollars today, so you know if I keep it in perspective. eight hundred dollars and the red is no big deal, especially compared to a ten thousand dollar red day.

A fifteen thousand dollar red day cuz I've had both of those this year and right now I'm just trying to bring down the stress a little bit, stay focused on base hits, and focused on keeping risk is as low as possible. So today I actually had six trades and I was Green on five out of the six, which is great for accuracy. The problem is, every trade that I had today was a small winner. A small winner small where one of them was the smallest five dollars.

So small wins, Small wins, small win. And the problem with that is that then inevitably you're taking a risk on all the trades. one of them goes the wrong way, and then you get a little slippage and boom. Despite having accuracy on all those trades, it's the last one that takes you out of the game.

So today's a day where I'm not gonna try to be aggressive I'm not going to revenge trade I'm not going to just train all day long until I finally hopefully get green. No. I'm not going to do that. That's emotional I'm not gonna trade emotionally I'm gonna be calm, cool, collected, focused I'll wait for a quality set ups.

Today's a day where even a quality set ups. just didn't work out that well. So this isn't a day to be aggressive. I'll come back at tomorrow morning and maybe we'll see some good opportunities.

And tomorrow could be a two, three, four thousand dollar day. But right now it feels like we're still in a little bit of a choppy market. You know, base hits, stick and move. Get the profit when you can and get out.

Keep your losses, your your your risk as tight as possible because right now you just have to stay really focused on those small gains. It's a grind and it'll be a grind until we see our next stock that goes parabolic like. IMT You know when we see a stock go from $2 to $40 you better believe that's gonna create a new round of momentum. And on a week like that, I could make $50,000 I could make seventy five thousand dollars.

So right now, 800 dollars up a hundred diet down doesn't matter, it's just a grind until we get those next parabolic stocks. So that's the name of the game. But anyways, let's break down all of today's trades in today's midday market recap. What's up everyone? Alright, so time for our midday market recap.

We're gonna go over the trades from this morning. Today was a little bit of a choppy day for me. The market has been choppy for the last pretty much two-and-a-half weeks. You know it's just been.

It's been A grind. I made $2,500 on Friday which is a nice Green Day Today I'm sitting down eight hundred and eleven bucks and I'm just not really gonna fight it, you know? NN DM is the one that I traded the most I took four trades on it, three small winners and then one big loser and that's never what you like to see. You want to see. You know I mean, if anything, you want to see big winners and small losers.

but that's not the type of market that we're in right now. Even a quality set ups are not working very well and so on. NN DM This is a stock that we found. It's up a hundred and twelve percent this morning and then Co RV's the other one.

I traded that ones up right now. thirty-eight percent. These are big moves. So each morning we have the same routine.

we look at these gap scanners. So these scanners really? they're like my secret weapon for finding stocks to trade. and sure, not every day is gonna be a green day. But I'm still sitting up two hundred seventy thousand or so on the year and it's June 11th so life is good.

I'm doing pretty good job now with this scanner. What it's doing is it's looking for the stock store gapping up the most in the market today and so we narrowed down the list from you know, fifteen thousand possible stocks to trade down to about thirty. All the stocks in green here are worth watching. The stocks in red would be gapping down I Don't trade those, but some some traders do like to trade those.

So what we have and I'm just gonna run this scan I'm gonna use a historical date and time I'm going to put this on screen so you guys can see for nine let's see 15a M15. There we go. All right, 9:15 A.m. So this is what the scanner looked like this morning at 9:15 and then Diem was gapping up 78% with 2.4 million shares of volume.

The float is 9.5 million shares, so this is a stock with a pretty low flow, which is what we like to see. It was gapping up quite a bit and it had news. So that's really everything we go for right there. So when I CNN Diem right up here, what I do is I type it in East signal my charting platform and then boom it's gonna pop up the headlines all right.

So this got a Department defense contract which is a great headline. We always like to see that from small cap stocks. So this morning I was thinking all right I'm interested However, I'm a little nervous because at 9:15 air right around 9:00 it had already shown some weakness. The pre market high was 260, but then a hit sold off a little bit on this dip.

so I said well you know what? I'm gonna watch this for a break over 250 when the bell rings. If you can break that psychological level, there's a great chance it'll hit 260. All right. So the market opens, the bell rings and I jump in at 2:45 5,000 shares, 2:45 Just like I said I was going to to anticipate the break of 250.

it comes up and it hits 250 and then we saw resistance and that's what made me nervous I hit 250. it pulled back and so I was like all right I'm not really sure this is gonna work. that was in the first like 10 seconds and then it blasts off. Now you can see right here we're right around this three dollar spot.

but it's really churning. So what you'll notice is that this is the 200 moving average. this purple line on the daily chart and that is forming a little bit of resistance, some overhead resistance so it's having a hard time breaking that level 22 million shares of volume. Right now, it's quite crowded.

So crowded means it has tug-of-war There's a lot traders who are wine to short this stock who thinks that it's going to bounce off the 200 and in a couple days we'll be back down at 250, maybe two dollars. So there's they're selling their shorting. Then you have traders who are buying the way I usually would for a break over three bucks, right? I Was watching this and stocking it for the break of three. But what happens? You get in at 295 and it hits 301 302.

That's not a very convincing breakout. You know that's sort of the problem we're seeing. this just sort of grinding chopping action for the last you know. 10 minutes on this thing and we saw it earlier today as well in this area.

So on this one I'm finally saying you know what? I'm just gonna be done for the day I don't I don't feel like I can really trust it. So on my first trade I was in and back out with only $250 a profit and then it squeezes up to 290. but it didn't chase it I said I'm not gonna chase I'm gonna wait for a good pullback and the spot that I got in was right here at 285. So I said guys I'm watching this for the first candle to make a new high and as soon as that happened I jumped in at 286 and 289 it popped up to a high of three dollars.

I was wanting to see it break that level but it dropped down and so I stopped out at 294 I guess I sold half at 299 I actually I sold some at 299 but the rest of 294 and 288 so it just wasn't a very clean trade. It then curls and starts to come back up and so right here I'm like okay I'm going back in this thing because I think it's gonna break over that that level. So I get back in and it pops up to 88 and then I get stopped out sorry I got back in on this candle right here. So I got back in here, it pops up I stopped out I lose 200 bucks.

So I'm like, all right at this point I went from up 900 to up only like 650 and then I get back in at 295 294, 295 on this candle because I'm like, okay, it looks like it's gonna break this critical level of resistance of three. Target will be 310. so I get back in, it pops up and then a second later it's back down at 263 I Stopped out at 273 for a $1600 loss and just like that I go from being up 600 on to down a thousand. So that was disappointing.

You know it, It just did these false breakouts here and here and here. and you know now. Finally you know an hour-plus later it's broken over three, but it's not even able to hold over three, hit 304 and is back at 294 to 93. So this stock is just very choppy.

That's what we mean by choppy. It pops up, it drops down, it pops up, it drops down. It doesn't sustain the levels very well. So kind of disappointing.

There we're seeing false breakouts on the 5-minute chart. We saw a false breakout right here as the new candle made a new high and then dropped. We saw another false breakout right here. Candle may a new high and then dropped.

so false breakout, false breakout and then finally it curled off of this low which was nice, but I just didn't have a lot of faith in it. So you know for me, even though I am right with 75% accuracy on that stock, I'm down a thousand bucks because the winners were small and that one loser got me pretty good. so a little disappointing there. And then I made up for it.

A tiny bit was cor V I Took a couple trades on this one. so the first trade on this I took at 3:10 All right. So right in this area, this one hit our hide, a momentum scanner and right in this area it was consolidating under excuse Me under 310 right here. So I was like okay guys, if this breaks 310 I'm a buyer, it breaks 310.

So I jump in boom 310 310 I'm in, it pops up and I'm like okay, this looks good I'm gonna add because this looks really strong so I added at 329 it hits 329 and then hits 340. So a really nice break out there. but then it comes all the way back down and look at that all the way back down here to 295 and so I end up stopping out of that trade with five dollars a profit I stopped out break-even which was the right thing to do it then curls back up and I get back in anticipating that it's gonna retest high of day and that doesn't happen I get in at 223 I add it to 30 and then it does this little one-minute micro pullback. As you can see here, it's a high of 35 and then fades.

so total profit $224 So this is a day where we just didn't have a lot of good follow-through and the reality is it's not like I really missed anything I mean I missed The one thing I missed was NN diem that first that first leg. This was the cleanest move of the day and it faked me out right here and for me it was the right thing to do to get out because I'm not in a position where I could be aggressive. so this is where that kind of is costing me a little bit since I have to be more conservative I got out quickly and then I ended up missing this this really nice opportunity which is disappointing you know. and I tried to do some scalp trades in this area and took a loss, but all things considered, today is a very small day.

down 800 bucks is you know it's really not a big deal I made 2,400 2,500 on Friday So being down 811 here this morning is not bad. This is a day where I have exercised self-control discipline patience. As tempting as you know it was to try to get back in and NDM I didn't the only stock that I was a little more aggressive on to answer your question, there is cor V this could have been a bigger winner since I had 5000 shares at 310 right? it went up to 340 so I could have sold it 334 a thousand dollars of profit and instead I added right so that that was maybe a mistake but at the time it was hitting our scanners whereas it was hitting our scanners right here and then again up here. so you know it looked to me like maybe I had potential is a big breakout on the daily I just sort of thought maybe this is the one that's gonna make a big move and you know I was wrong, right? So this was sort of a little bit a little bit more aggressive and maybe I was a little bit more aggressive on this to try to get myself out of the hole on this one and it just didn't Really, it just didn't really work.

So you know again, it's not really that big of a deal I didn't risk I wasn't really risk going in the red but I risked my profit instead of taking the profit I let it ride for a bigger move and I got stopped out so you know that's the way it goes sometimes. I'm not gonna beat myself up on that one. Overall it you know it was just a little bit choppy, so down eight hundred dollars, whatever. Not a big deal, but a disappointing only in the sense that it means that we are still in a choppy market and I would love to be seeing a little bit more follow-through You know I would love to be seeing those 3,000 4,000, 5,000 dollar winners.

but we're just not seeing that right now. So the good news for you guys is that this is a great time to be trading in the simulator and to be practicing because if you can make money in this type of market and last week I did make money and this week you know I don't want to jinx myself. but this week most likely I'll have some decent days down. 800 isn't that big of a hole to dig out of.

If you can make money in this type of market, you're setting yourself up really well for when the market does start to pick up again. so some traders have asked me. Okay, well when is that going to be? When's the market gonna pick up again? When are we gonna start seeing big opportunities? So typically what happens is it's not seasonal. It's not like Oh September 1st we're gonna see big opportunities or August 1st we're gonna see big opportunities.

It's cyclical and so right now we're in a little bit of a slow cycle and that's just because we haven't had a lot of good stocks with really, really good news headlines hitting our scanners and giving us breakouts. You know, we've seen a few heavier float stocks, but it's just been a little bit choppier. So usually what causes the next cycle of hot momentum will be the next stock that goes from $2 to $10 The next stock that just totally takes off. That's usually gonna get traders off the sidelines back into the market and excited A lot.

Traders with big accounts don't even trade on days like today. You know, maybe they trade nnd em. but for the most part they're just like now. I'm just gonna wait for Hot Momentum to come back.

So for me, I trade through all markets so it's hot I Make money. It's cold I Sometimes lose a little bit of money. sometimes I make some money during cold markets, but usually a lot. Maybe 5,000 or 10,000 a month would be averaging on a really cold market so other traders totally don't even trade during that time period.

They're just like no. I'm gonna wait on the sidelines when I start to see stocks taking off. That's what. I'm gonna come up, come out and start to get aggressive.

So what you have during slower markets are: less participants, less traders. Just in general less people are trading. That means less volume, less buyers. Let's breakouts, Fewer breakouts.

So what we need is that next stock to go from two dollars to four to six to eight, you know to go up three hundred four hundred percent to get traders excited to get them off the bench and back into the market. and then what You'll typically see a sympathy momentum. The next stock that hits the standard starts to get even more volume because traders who missed the first one who were sitting on the bench. they want to take advantage of the second one and the third one in the fourth one.

and that's usually what starts that next cycle. So at this point you know I think we're still gonna be in this kind of base hit market you might see here and there. some some stocks open up a little bit TP IV Opened up on Friday which was a nice move. This squeezed up from six dollars up to 11.

It was a really pretty nice move, but you know the price was a little higher. Didn't get traders super excited so little opportunity on that which helped get me the 2500 on Friday but you know they'll be a little bit here a little bit there. but I think we're gonna need that stock to really go parabolic before we see the next round of you know, momentum all right. So that's kind of the game plan here is sitting tight, being patient, not you know, over not over trading, under trading, if anything, being more conservative and you know ntp I be on Friday.

I did do the whole thing of like adding instead of selling and that worked out well today. I'm cor V. it didn't work out as well. Tomorrow you know maybe you'll see something that it'll work on.

But for me, what's most important is that I'm grinding on kind of slower numbers. You know, I'm I take a little bit of profit, but I don't push it. You know? it's just that none of my trades are big blowout numbers. So even though I lost on that last trade on and then DM only lost $1600 on that, prayed for me I Have to be very, very careful not to have four thousand five thousand dollar losers right now because I can't afford it.

I'm not in the type of market where I'll be able to bounce back quickly from that type of loss. So trading with smaller size and being quick to bail out it's important, that kind of, you know, stick and move sort of mentality and you know I'll just keep that up this week. Especially, you know, since we're off to a little bit of a slow start here on Monday morning. All right.

So today total of six trades and I actually made money on five out of the six, but they were all small winners. and then I had that one loser on an N DM which you know was a bigger one. So accuracy is good, but the follow-through is a little bit weak and that may continue to be the case for another couple of days until we see that next stock really start to take off. Alright, so anyways, that's about it for me here this morning.

I'll be back at it first thing tomorrow morning. Hopefully we'll see some good follow-through We'll see some good opportunities on the Gap scanners, and I'll be breaking it down on YouTube Live right right around 9:00 9:15 tomorrow morning. Alright everyone, so those of you watching on Facebook Youtube, look for you guys to throw comments down below. We'll come back and answer all of them later.

I Read every comment that's posted. So I look for you guys to you know, ask me questions, tell me about what you're learning, which trade today, how much you made all that type of stuff. Alright, so hope you guys have a great afternoon, relax a little bit, get outside, enjoying the nice weather, and look back at it first thing tomorrow morning. Alright, see you all in the morning.

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