What's up everyone? Alright, so here we are: Fourth day of June and today is basically a flat day. I'm finishing day down $14 so I only took two trades, one winner, hundred bucks and one loser $114 So these are really small numbers. Today's a day where you know, just not a lot happened. I had one small win and one small loss and then I was done for the day.

So we're in America right now and I'll talk about this in the midday recap where it's kind of a 500 to a thousand dollar a day market. This is not a market where we're seeing or where I'm seeing $5,000 back to back to back to back. That was something we saw maybe like a month ago back in early May and we saw it in early April But right now things are a little bit choppy, so what's really important is being able to adapt instead of trying to step up to the plate and swing for the fences. That's not gonna work right now right now you guys just trying to get on first base and get that small winner cuz those base hits they add up.

So right now I'm up $2,600 on the week and as long as I finish the week in the green I'm gonna be happy. I Don't need to make $10,000 this week because I know when the market heats back up and we start seeing those big opportunities, the winners are gonna stack up really quickly. So right now it's just kind of about you know, being shelter from the storm, keeping as much water as possible, trying to stay afloat. and when we get to the other side, this will be good.

Alright, so let's break it all down in today's midday mercury cap. What's up everyone? All right? So we're gonna do our midday market recap. Go over the trades from today. This ended up being a pretty slow day of trading, which is kind of nice move.

We get a lot of really busy days where it's just, you know, slamming orders left and right and so a little bit of a slow day is kind of a break. Even though it's certainly not what I was expecting, it's it's actually it's kind of nice. So this morning was sort of interesting because on our GAAP scanners we really only had like two obvious stocks. and on the one hand that's good because we want to trade stocks that are obvious and or predictable and on the other hand it was a problem because the the the two obvious ones really weren't they weren't as as good as I'd like they weren't really a quality set ups so you know I didn't end up taking trades on either of them and it kind of just meant that I had a little bit of a slower start to the day.

In fact I didn't take my first trade today until 10:30 which is totally rare for me usually I'm taking that first trade in the first 10 15 minutes so just a little bit of a weird day. but I'm gonna finish the day down fourteen dollars and 28 cents I'm still up 2600 on the week and so I am happy for that. So let me show you my PNL here today. So here's the fourteen dollars and 28 cents of losses, you know I Just for the record keeping I would have liked to have been green today because you know I like green days more than red days.

Although obviously $14 is irrelevant, it doesn't mean anything I mean it's it's just such a small day that it could be just as easily green 14 and it really wouldn't matter either way. But when I go back and look at my calendar, this will show as a red day. So yeah, whatever. not that big of a deal.

The good news is that I was able to respond to market conditions and not try to swing for the fences. So one of the things I said this morning in our mid in our pre-market watchlist was that right now we're in a market that feels like you know $500,000 is the kind of daily goal. That's what's realistic. Five hundred, two thousand dollars a day.

that's type of market we're in. Three weeks ago, we were in a five thousand dollar a day type of market and you know that was awesome. I Mean it was fantastic. It made seventy five thousand dollars in two weeks of trading, but those markets don't last forever.

and so one of the things that's really hard is that when you're in a you know 500 $2,000 a day type of market, it's it's hard to be okay with that. And so I was talking with one of my friends over the weekend and he's he's a surfer and he said he said bro, you gotta ride the wave you're on, not the wave you want to be on and I was like all right I hear what you're saying I Guess that's true and you know because with trading, there's that that feeling of you know you want a hat, you want it to be a five thousand dollar day. but if it's not a five thousand dollar day, it's not a five thousand dollar day and you can't force it. and if you try to force a, you're gonna get yourself into trouble and that's you know what's happened to me a lot in the past.

I've tried to make five hundred dollar days. you know, five thousand dollar days and that's when I ended up getting slammed. You know I ended up taking big losses I'm pushing way too hard in the wrong market and you know it gets me into trouble. So you know the last couple days I've been trying to embrace that.

we are in a 500 $2,000 a day market and even though I'd love to be making five ten thousand, this isn't the right market for that. type of trading. It can't be that aggressive right now. So you know if I can really embrace that, then during these slower periods of the market, I can just grind on 500 a day, you know, instead taking 15,000 shares and trying to make you know 4500 I can take five thousand and get my quick ten cents and be up five hundred dollars.

and that's a lot easier. You know, just get crack, you know, capture that five hundred and and and be done for the day. Because all those little five hundred dollar days they do add up absolutely. And then by the end of the week or the end of the month, you know you're up five Ten Fifteen Thousand dollars.

Which sure is a lot better than being in the red, you know, And just you know for even if just for confidence. even if you're not even worried that much about the money, it's just from a confidence perspective, it's nice to have Green Day's So this morning our leading gapper was Ax Om and the problem for me with this gap or was the fact that it was two problems. Number one: by the time I sighed and this was it. like Nine Fifteen that I ran the scan, it already had 7.3 million shares of volume.

That's an incredible amount of volume. And then number two, the float was 32 million shares which is a little bit higher so initially I just kind of thought, you know I I don't know. This isn't really what I would go for. Typically these types of stocks can be a lot choppier.

So you already saw this really clean move pre market I just did not expect to see it continue being this clean. The bell rang and you can see it really wasn't It was much choppier. Once the bell rang, it popped up and in the first entry that I was watching was a long over the pre-market highs. so right out of the gates it actually broke the pre market highs.

It broke this a little flag pattern here. let's see what's this one. I'm gonna mute that. So it broke this little flag pattern here at 368 and it popped up to a high of 380.

so a nice 12 cent pop up to here, but then it immediately faded and dropped all the way down to 337 so it didn't hold up very well which wasn't surprising it. that ended up doing a red to green move in surging up which was nice. It did this little consolidation which we were watching and then I was sorta tempted to take a trade over 390 and I hesitated because this area of consolidation was so choppy. and of course the open was so choppy about it.

ended up working and it squeezes up here so you know I ended up just missing it and not being able to read the level 2 very well. Currently it has 56 million shares of volume which is a lot of volume and I just didn't find it easy to read the tape on this, the tape is the time in sales right here where you see every order that goes through and usually I'm pretty good at reading this, but on the stock with this amount of volume, it just I guess I'm not as good at it. So anyways, no trades on ax o N and since that was the leading gap or this is kind of where all the attention was, this is what everyone was focusing on. The second-leading gapper was CLR B But it didn't really like this one that much because the pre-market chart was already showing weakness.

It popped up and then it had sold off and so that to me was weak. So I wasn't interested in this. The bell rang and it just continued to fade. Not a lie, it's down like 20 cents, but it's just continued to fade.

Next one was V BLT So these scanners there look, they're searching the entire market for stocks that are gapping up more than 5% and this morning there were only in the entire stock market an entire US stock market. There are only this many stocks gapping up actually more than 4% so it's a very short list. I Mean really, we've honed down from you know, 15,000 stocks to trade down to you know, maybe 30 and then we can pretty quickly narrow down this list even more. You know I start with the top gap errs and just kind of, you know, check them off one by one I go through my checklist and xon off the list pretty much the CLR Beano go V BLT This one is a five cent tick stock.

That means it trades in five cent increments so you see here to 70 by 275. That's how it trades. so this is not one that I would I would want to date trade so no trades on V BLT It's a very slow mover. all right.

I Fon That was the next one down. This one stands out to me because the float is 1.6 million shares. That's a very low float, but the pre market volume is a little low, only 18 thousand shares gapping up 16 percent. That's not a lot, but I set out why she's over the pre-market highs.

That was 4:30 The bell rang and just kind of faded down so no trade, no opportunity. It didn't hit my trigger. All right. So nothing there.

So you know sitting here hanging out for a while waiting for tray is not seeing anything. Had some tech issues at the open, was trying to log in I was getting kicked off I switched from my wireless to my mobile hotspot now which I'm actually still on and that didn't seem to fix it. Eventually got myself reconnected and up and running with Lightspeed I Think there was some connectivity issues this morning there, but the first street I took ended up being on Oh Jen o GE n So a Jen I was kind of interesting. News was posted in the chat room this morning and it was called out on Ben Zynga which is one of the news services that we use and there was some some patent headlines.

so I jumped in this one at a dollar 55 and I actually kind of I took 7500 shares at 57 58 59 and it popped up but then it it kind of looked a little weak and I was like oh I'm not actually sure I like this and so I sold half at 63 which was like four cents profit and then I tried to sell another half and I ended up getting filled at 53. so I ended up taking a loss of five cents and so basically at that point I was breakeven on the trade and then it pops up to 73 and I was like gosh darn it You know all right. I should have just held the whole thing, but you know right right now is not a market to be super aggressive in and so I was very quickly like I got it. Ease up on this position.

I'm a breakout or bailout trader. It's got to either breakout or bail out and so on. This in this case, you know it ended up getting me out a little early and then it ended up hopping I added back at 68 thinking it would maybe squeeze up again and sold at 72 and then 62. So total profit? only a hundred bucks.

Not a very big winner, so that's about it on that one. It didn't end up holding up very well, gave an opportunity for a second up, a second flag to break out, but that didn't have and so it's just kind of faded from here. It was worth a stab, but it didn't really work so that's odd. Jen hundred bucks.

It could have been a $500 winner if I had held the whole thing from 58 to 68 you know, or 70, but I just wasn't totally sure and the volume was pretty light on it. so I decided to use up my risk pretty quickly. All right, so that was cheap that was Oh Jen Next one was GEVO you know and this is one of those ones. That's tricky because here it you know, ten thirty it pops up from four dollars actually from 380 to 440 and then it taps 470 when I first saw it hit the scans I pull it up and I'm like it's very interesting.

It's very tempting, but the volume is very light and I'm concerned that if I get into this here, you know I'm gonna get myself into trouble and so I initially hesitated and I watched it the half dollar of 450 and I almost pressed the Buy button and then I didn't and then it hits 470 and it's halting a circuit breaker. It resumes and squeezes all the way up to 540 and ended up taking a hundred shares at 540. got a partial fill. it's actually good.

I got a partial fill because when it resumed it halted and then when it were zoomed, it came all the way back down. I Bought at five dollars on the drop thinking that it was gonna drop and pop right back up, held through the pullback and then ended up stopping out break-even right here and that was definitely the right long break. Even 114 dollars basically break even and that was the right move because it ended up fading from there. So this was kind of disappointing.

I think it was worth a stab, but it just it didn't hold up and I bought it too high. You know if I got in at the very beginning of the move when it first hit the scanners I know some of you guys did I would have done better, but that would have been a little riskier. You know in hindsight, which is riskier buying early without confirmation on the very low volume stock or chasing it and buying it higher knowing that now you have confirmation because volume is coming in right? it's so it's kind of not sure which one is better. In the past, I've usually jumped on these very quickly as soon as it hits the scanners I'm jumping in and I guess that would have worked if I'd gotten in at 4:50 it squeezed up to 350 or four or five fifty.

But we're not in a market where I felt comfortable being that aggressive. So being a little more conservative right now I've been waiting for kind of that extra confirmation and that means I've been getting in a little higher. Yeah, and that's a really good point. Sof oh, I almost did it I almost punched the order at 290 because it popped up I hit the scans I was like okay, this thing looks interesting and then I was like hold up, wait a second, let's let it prove itself and then it came all the way back down.

I mean this thing totally was ugly, hit 290 and then a minute later is at 240. So you're right. This is an example where I would have taken a big probably a big loss by just jumping in and GEVO is an example of where you know I guess I would have made money just jumping in. and so the question is what, What's your percentage of success? What are your odds? And right now I feel like we're in a market where I can't afford to be that aggressive and it costs me pretty badly.

Last Friday where I got aggressive and I got stopped out of a couple trades. So that's why this week I've been a little bit more conservative and being to have $14 is I almost said 1,400 because I've being down 14 dollars just such a small amount. Yeah, I rarely would you know be saying it, but it's It's fine, it's good, it's you know, a small loss. Keep those losses small and you know be back at it tomorrow and hopefully we'll see some good follow-through good opportunities and I'll be able to.

You know, at the $500,000 a day goal, you know this year I've actually been averaging close to $3,000 a day, which is pretty incredible. I'm sitting right now two hundred and sixty-four thousand dollars on the year and you know it's no doubt been a great year, but you know there's gonna be. there's gonna be hot streaks, There's gonna be cold streaks, there's ups and downs, and you got to be able to ride the wave you're on. not you want to be on.

So that's the challenge. and you know that's that's an emotional battle. It's not. It's not really.

I mean it's skill if you consider mastering your emotions to be a skill. and maybe it is, but it's really a kind of it's it's in your head. That's that's the challenge. We can sometimes all be our own worst enemy.

and when it comes to training, you know I can teach you guys the skill to train you go through our 90-day warrior Pro course and you're gonna have the skill to trade. But what you need to master the emotions and so you know? One of the things that we of course do is we have all of you guys trading in the simulator because you know when you trade in the simulator, you're able to practice the strategies that you're learning without risking real money. So you're able to go through hot markets and cold markets and see what the Ups feel like, see what the downs feel like, and test your strategy. You know, prove that you have what it takes to be profitable for me.

You know when I got started trading I Spent two years of trial and error trying to figure it out on my own and you know that's something you guys just don't have to go through. You know, if you want to try to go and invent your own strategy of how you're gonna trade the markets, you're more than welcome to do it. But it took me two years to figure it out. You know it's like if you want to go, try to reinvent the lightbulb.

you can do that. But you know how many times did Thomas Edison fail before he finally got it? You know how many years he spent struggling before he finally figured it out? That's kind of what it's like to try to develop your own strategy trading. The reality is a lot of traders out there. they're all trading a derivative of a Momentum strategy If they're a Momentum trader, and that's what we teach, there are certainly some traders who focus on, you know, count, counter trend trading, shorting strong stocks and buying weak stocks.

That's a little bit of a more difficult strategy that we we do teach. Although we don't teach it in our beginner class, we teach in our more advanced classes and Mike trades it on higher priced stocks. But you know the point is. you guys don't have to spend two years of trial and error.

You can start practicing a strategy right now that I've proven is profitable. Over years of trading, you know experience and historical data. You start practicing in the simulator, and then once you've been trading here for you know, a month, two months and you've got your metrics and you can justify. Okay, I'm profitable here.

That's when you switch over, you start trading with real money. you know? So that's that's basically you know. Our goal for you guys is that you're able to make the transition from you know beginner trader to profitable trader in a short timeframe as possible that you don't have to go through the you know 12, 18, 24 months of trial and error that I had to go through. You know, And and like I said, you know that that emotional kind of a challenge is.

you know, getting getting over That hurdle is is a big thing for a lot traders. A lot of students will trade in the simulator for months and then they trade real money. and all of a sudden it's like now the emotions kick in because you're dealing with real loss right? right? Like real up some real downs. And so one of the things that I always say is when you when you flip the switch and you go to trade with real money, you change your share size.

You go in here to trading and you say my max share size is a hundred shares or 101 shares I can't take positions bigger than that and that way your trading not you know to make money. Really, you're trading to prove its a perfect concept to prove that the strategy works with real money. And the incredible thing is once you're consistently making twenty dollars a day or fifty dollars a day, the only difference between me making that fifty a hundred dollars a day and making five hundred and a thousand dollars a day is your share size. So once you start stepping up your share size, that's when the profits start to increase.

But of course you're not gonna feel confident stepping up your share size until you've proven that you can be profitable in the simulator. And then you've proven you can be profitable with real money with like a hundred or two hundred shares. So it's a process. You know it's a 90 day class that you guys are in and then after that you know it's that process of building up your tolerance.

You know, building up your confidence and you know that comes with experience. So you know right now we're You know, a couple when it seems like a couple weeks sort of slower markets, which is a great opportunity for you guys to practice. If you could be profitable in a choppy market you're in, you know you're in really great shape because then when the hot markets come, you're just gonna be. You know, really, banking the profits.

So hot markets will come. They will be here before you know it. So this is a good time to study up. You know, make sure your skills are sharpened and you'll be able to capitalize on it when it when it comes.

Alright, so anyways, that's about it for me today. Today's the hundred and first trading day of the year. Down. Fourteen dollars.

No big deal. up. still. twenty six hundred on the week, or twenty five hundred eight.

You know, eighty five or whatever. It is close enough. Twenty-six hundred. So good week right now.

and that you know. Thousand Dollar Day Average: Five Hundred Dollar Day Average. You know that that keeps the job away. So feeling good about that? Alright everyone.

So I'll be back at it first thing tomorrow morning. 9:00 9:15 for pre market analysis Those you guys watching on YouTube Watching on Facebook If you're learning something on these videos, would love for you to subscribe. Give us a thumbs up. Throw in the comments, what you've learned, Throw in the comments questions you have and we'll come back through and answer them later.

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