What's up everyone? All right Here we are. Another day. Another dollar Thursday morning. One thousand Forty Five dollars Green is good.

Thousand dollars a day that keeps the job away. So right now we are still in that five hundred thousand dollar a day type of market. And it's you know, taking a lot of patience for me to not try to swing for the fences with a big ten, fifteen thousand share position. And what's really interesting is that when you trade with smaller size like five thousand or seven thousand shares, you realize that when you're up ten cents, you can actually take that profit.

And there's $500 $700 But when you trade with 15,000 shares, 10 cents often isn't really enough to fully get out of the trade because you're gonna have slippage on most stocks. So if you get if you want to sell and hit the bid, you might lose three or four cents in slippage from 15,000 shares. You might lose more. and so a ten-cent winner actually might only be like a three cent winner.

So you don't sell until you're up thirty cents and then you're capturing like twenty cents. But you need stocks to move 30 cents in order to get that 20 cent profit. But we you treat a smaller size. Even if you do just get 10 cents, you can actually lock it up.

And that's what I did today. Couple trades, couple winners, thousand dollars Green is good. Let's break it down. Today's midday market recap.

All right everyone. So we're gonna do our midday market recap. Break down the trades from this morning. Another green day, finishing the day up 1045 dollars and sixteen cents.

so we are still in the market right now. We're you know, five hundred to a thousand dollars a day is pretty good. We're not seeing incredible follow-through we're seeing a lot more chop, especially in the small caps. But you know, grinding and making some money, so that's good.

I'm happy with that. My average this week has been a thousand on Monday 1500 Tuesday I lost 14 yesterday. Part of that was because I was offline for the first 15 minutes the opening range because of tech issues that happens, whatever. and then today, another thousand dollars.

So if I could make another thousand dollars tomorrow on Friday that would be a really nice way to finish the week. All right. So let's take a look at the trades from today. I'll put up my my broker platform here.

so there we go. You can see I traded a bit more today than I've traded on other days in the last few weeks or the last week. I suppose five stocks that I traded green on four out of the five, but $1600 is a pretty big loss on you. Oh, and II so this was my very first trade out of the gates, losing 1600 bucks and I had to spend the rest of the morning trying to dig myself out of that hole.

So fortunately it wasn't too deep of a hole and I was able to get myself into the green and then up a thousand dollars to the daily goal. So that's good. but you know if I had not had that trade today would have been a $26 2020 $600 day. But you know that's just part of the deal with trading.

you're you're gonna have some days where you get really clean follow-through and other days where it's choppy and I'm choppy days you know it's just Minoo It's just gonna be that you have a couple winners, you have a couple losers and you're looking at what you averaged. what do you net after all of it? So anyways I Want to remind you guys also that today at 1:00 p.m. Eastern those of you guys who are watching this on YouTube Unfortunately, it will be too late by the time you get this or are watching this video. but for those of you watching live on Facebook For those of you in the chat room right now, we're hosting a free workshop at 1:00 p.m.

Eastern today and I'll put the link here in the chat for those either Want to register during this workshop? I'm going to talk about the three secrets that I used to take $583 and turn it into a hundred thousand bucks in 45 days. All right now. Some of you guys have attended these workshops in the past these webinars and they're a lot of fun. we've got usually have great turnout so this is going to be really cool.

So that's coming up at 1:00 p.m. today. so in about an hour and a half so we'll do the midday recap, then I'm gonna grab a little lunch and come back and teach this this webinar. So 1:00 P.m.

Eastern you guys can see the link to register in the description on Facebook and you guys in the chatroom can register as well. Anyone who has been thinking about joining the Warrior Pro class this summer, make it the summer that you learn how to trade. You've got 90 days. It's a 90 day class.

Summer's here. June July August By the end of the summer you're gonna have the skills to trade. You'll be in the simulator practicing and you'll be getting ready to switch to real money. And that's exciting because September October November December That's when the market gets hot, so you're gonna be in really good shape to be making some money this fall.

Alright, so check that out. if you want to register, you can click below to do it or again see on the announcements tab in the chatroom. Okay, so and today up a thousand bucks. Five stocks I Traded very first stock of the day was UO and E And what's interesting about this one is you know I Initially I didn't think it was going to be worth trading, but I ended up taking a stab on it.

and the reason I took a stab on it was because it was hitting our scanners, it was squeezing up and so I jumped in it at three dollars, eighty six cents, three ninety three and three ninety seven. it squeezes up and HAP's for 30 and I try to sell at 4:05 for 25 and for 29 but none of my orders got filled, none of them got filled and I ended up stopping out of it right here. As you can see, it came back down to 335 and I stopped out for a $1600 loss. So you know I went from being up $1600 to down 1,600 on it.

The problem with you o NE is that it's a five cent tick stock. so it trades in five cent increments as you can see here to 75 by 285 right now to 10 cent spread. but it just it's just it's volatile and it I thought it would be a little easier and I was wrong. So very first trade on that.

I'm in the hole and I'm like you know, Dang it, you know this. This is so frustrating that maybe I shouldn't have taken the five cent tick stock, but you know it is what it is. So now I've got to try to work my way out of the hole. and so the next trade we had Jva This was on the scanners this morning and just to remind you guys who are a little bit new every morning we run a scan and what we do I teach you guys how to use these in the warrior pro classes.

But what we do is we scan the entire market for stocks that are gapping up this morning more than 4% and generally that's a list of less than 30 or 40 stocks. Today the list was a little bit bigger, but regardless of how big the list is, we've very quickly narrowed down stocks to trade from like 15,000 down to 30 or 40. And so I don't know why this isn't loading, but let's see 915 maybe I don't know. Give it a second there.

Okay, that works. So this right here. these were all the stocks in the market that were gapping up more than 4% So it's a pretty short list. You might think, well, there's a lot stocks on there, but we can very quickly narrow it down based on our strategy.

So if your strategy is one where you like to focus on stocks above $20 then immediately you're like, okay, I'm looking at these two and I'm looking at this one And you know, maybe for stocks gapping down you, You're looking at some of the ones down here as well. If you're trading stocks under $10 like me, we're looking at this one. We're looking at this one. We're looking at these ones all right.

So very quickly and really, we only want to look at the gaffer's that are generally in the top ten And here you go. Jva was one of them gapping up 15% with a catalyst this morning which was news so it was worth watching. The volume was light as you can see in this column, but I wanted to keep it on watch. All right.

So the bell rings and it starts to pop up. And you know initially I was a little bit cautious. it ends up dropping down I don't take a trade on it and then boom it surges up here and on this candle it hits our scanners. So I jump in it I jump in at 480 is it's as it's squeezing and hitting high a day.

it taps 533 and I'm scaling out taking some profit and I'm thinking okay now I'm gonna wait for the first one-minute candle to make a new high to add one-minute micro pullback. and what happens? one-minute micro pullback? Boom it drops and it fails and that's it. So made 800 bucks on it scalping off the high today scanner. but it wasn't an easy trade and it was a little disappointing.

So that was Jva. OPH Tea: this was also on the scanners right here you can see I'm up $88 on it so a small winner on OPH tea. This one is continuing now which is great. It looks good but when I trade it earlier today I took a little break out trade for a scalp.

Let's see my entry was to do what was it Yeah I was actually right here. So we had this little consolidation right here and I got in for the break over 75 it pops up to 82 and then it drops right back down. So you know this is that area where it's choppy, it breaks out and then it fails so not a very clean break out. Made only $88 getting in on this volume spike right here for that break.

So a small little scalp nothing to be really excited about, but a fairly easy trade and not a lot of risk on it. So $88 there. tnx p This one not on the watch list, but it hits the Hi. Add a momentum scanner.

So this scanner is searching the market right now for stocks that meet our criteria for having potential and our criteria for having potential is basically the stock is squeezing up right now. So this column shows the percentage of change the stock goes from up. You know what was it up 8% and it's just hitting the scanner. Boom boom boom 6% 5% 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16 percent and so I'm jumping in it as it's squeezing up.

I got in it at 460 it squeezes up here to a high of $5 So I take some profit up at 490. it then drops down and then I add for the first one minute candle to make A new high right here. So this red candle I'm adding it breaks high a day and I'm selling at 5:03 or 501 just over the whole dollar and then it ends up doing another false breakout. It doesn't hold up which was disappointing.

so a second stock to false breakout and not hold it all as you see it sold off. next one hits the scanners was pol a right here as soon as I hit the scanner I looked at it and was like alright I'm gonna jump in take a scalp I jumped in this at two at sorry uh six sixty it pops up to a high of 680 I sold it at 670 and made five hundred ninety bucks on five thousand shares so it was like twelve cent winner and then it drops and at that point I was like you know what I'm gonna be done for the day. We've seen like three stocks pop up and drop and you know even though PHT even though now it's going higher, it dropped before it went higher on this drop right here. so this is the first one to show strength and continue which is awesome but at this point of the day I feel like the easy money the the big moves are probably done and I'm just gonna lighten up my risk and you know close up shop.

So hey finishing the day with $1,000 Green is good and so for those of you you know who've been following me for quite a while had fifteen thousand dollar loss last week which was, you know, disappointing to say the least, but is part of the deal with trading. If you're aggressive and you know you're looking for, you know big opportunities, you're going to have big winners and you're gonna have big losers. So I took a sixteen thousand dollar loss and you know. So now at this point in order for me to get my account back to basically where I was before that loss I need to get up to about a hundred thousand dollars.

So I'm at eighty eight or eighty six thousand right now. So my goal is, you know, just kind of. I look at that and I'm like you know, just slow and steady. Keep trying to, you know, grow the account, get it back up to 100k once I hit 100k.

you know, one hundred and ten hundred twenty-five But right now I'm still in the you know, digging out of the hole type of place right? I don't have a cushion to take big risks because the worst thing for me to do. you know, Basically you know if we just kind of draw my my equity here. So some of the sound so you know, 100 100 you know, $583 down here. 583.

you know, Boom up. a little bit of draw, down up down up down up down up down. and right now you know I went up to six hundred and sixteen thousand dollars and then I dropped to six hundred thousand. So sixteen thousand dollar loss right here and now I'm moving back up I'm up about that much.

The worst thing I can do is go like that I cannot afford to take risk because I can't afford to have two steps down I need to go back up. So you know this right now. This kind of digging out of the whole place is where you have to be a little bit more conservative because you want to just keep going up. You don't want to have that second really big loss where you lose five or ten thousand dollars again and now you're way down here because you know psychologically now it's like oh, just to get back to here is gonna be a challenge and then I still have to get back to the highs so you know and these equity curves that that I have.

You know they're not anything different than the equity curves. You know the the entire market. You look at Sp500 and you know you won't see. Let me just scroll back here.

you know this is this is that big drop, right? and then you pop up and then you end up dropping. You know, basically just as low. So you know when you're when you're talking about your individual trading account, you want to do everything possible to minimize those draw downs and obviously losses happen. That's part of trading.

We don't brush it under the carpet, we try to work through it and talk about it. And the important thing is just to make steady progress back up. So instead of going through this type of thing where you're gonna spend months trying to rebuild, this is horrible. You don't want that to happen.

What you'd rather have happen is you know this type of stuff in here where you know you drop down, things are a little choppy, and then you start to turn around. You know, having two back-to-back red days is tough. You know? I'm trying to see a really kind of good pullback that really is similar to what's happening in my equity curve right now, but you know, maybe something like this. You know you drop down a little bit and then pretty quickly you're bouncing back and you're at all-time highs that's acceptable and you can control that to a large extent based on how much risk you're willing to take.

So right now, I'm in a market where I can't really take a lot of risk I have to be a little bit more conservative until my account gets a little bit bigger. Or you know, until I recoup some of these losses. And and that's just as well, because we're not in a market right now where we're seeing home runs. You know, stocks like Pol A.

If I had jumped into that with 15,000 shares, I would not have been able to capture 10 cents a profit. With that type of size, I would have been stopping out down here for a seven thousand dollar loss. I guarantee it. And that's what would have happened.

You know, three weeks ago if I was trading this with big size Tnx p you know. Similarly, I might have been able to capture some profit, but adding up here I would have gotten stopped out on the drop and probably given it all back so got to be a little more conservative. Take it slow one trade at a time and you know, try to have a little bit of low stress. summer trading this is.

We are coming into the summer months and the funny thing with summer is that we can make good money and we can see opportunities. But a lot of times it's kind of like each day there's one stock that's in focus and nothing else is moving at all. So if you don't like that one stock because the floats too high or the volume is difficult or whatever it is, then you just might not be able to trade. Now in.

you know, sometimes I ask myself. Would I be better off not trading at all until I see a quality set ups and then when I see that a quality set up, go ahead and take the 15,000 shares. And you know on the one hand, yes, that would probably reduce my losses. However, I Feel like there's a component where you need to kind of stay limber and you need to keep in.

Keep yourself in the market and keep watching stocks every day. And if you take a long break, you know you're like I'm not gonna trade for two weeks because the markets choppy. Then you sort of start to feel a little disconnected from what's happening in the market. You're not really sure what's moving, what stocks are popular, what sectors popular? you get kind of rusty.

So I like to trade every day, but just trade with smaller size during periods of kind of choppy markets. All right. So anyways, that's about it for me here this morning for our midday market recap and again 1:00 p.m. Eastern We're going to be hosting this workshop webinar.

We'd love for you guys to register those who haven't attended one in the past. It's gonna be a lot of fun, all right. So I'm gonna go grab some lunch and I will be back at 1:00 p.m. Eastern for the webinar so you guys can register Facebook lag you'll see in the description later this afternoon once the webinar has already taken place.

I'm going to remove that link because it's you know the webinar will be over so this will only be helpful for those watching. Live All right! Okay, so that's it for me and I'll see you all back here first thing tomorrow morning or at the webinar at 1:00 p.m. All right, I'll see you guys a little bit if you're still watching. You must have really enjoyed that video.

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