What's up everyone? All right? So here we are: 26th day of 2018, finishing the morning in the red again. this has been a choppy week I mean the market dropped 1,200 points bounced back up today continuing a little bit higher but I'm having a hard time finding really good opportunities and so this right now is an opportunity for me to focus on being disciplined. Trade the best, leave the rest I say it again and again and that right now is what I got to focus on. So today I'm down 1500 bucks And you know what, it's not a big deal.

My best day of the year so far is 18,000 in the green 18,000 dollars. So a day where I lose 1500? this is just the noise. It's nothing worth getting bent out of shape about. It's really not a big deal right now is just the opportunity for me to focus on discipline.

So today I'm happy because I walked away I could have kept trading right now. it's let's see 10 30 I could keep trading but I'm instead gonna take the cue from the market I have four trades today and two losses. The one loss was 1700, the other loss was like 180 and the two winners I have were both less than $300 winners. And you guys know when I have a good day.

Within the first five minutes I'm up $1,000 So on a day like today where twenty thirty minutes into the day I was only up 350 bucks, it was a queue that things might be choppy and on that last trade I ended up being nicely in the green and then they flushed down dropped really fast I got stopped out and it put me in the red instead trying to get myself back into the green instead of trying to fight against the tide, fight against the current I'm saying no I'm throwing in the towel I'm gonna take the hand I'm gonna take the cue and before I get myself all frustrated and I end up having those three losses in a row I'm just gonna say enough is enough. So two losses in a row today and I'm saying that's fine I'm done. It's a snow storm outside I've got other things to do so I'll be back at it first thing tomorrow morning, but before we get to tomorrow, let's break down all of the trades today in our midday market recap. All right.

So first trade from this morning d ry s this one was off our Gap scanner and I was watching d ry yes because I you know I thought well, it's actually a decent pre-market flag I Didn't have a lot of confidence in it, but I thought it would be worth a try at least. And so I got in 10,000 shares at 48, ended up selling for only two hundred forty-four dollars a profit. Very small winner. So two hundred forty four dollars.

My first trade my target was $0.10 A thousand bucks. didn't get it. Second trade: B SPM This one I got A partial fill of twenty three hundred shares at 389 as it started to squeeze up here. topped out at 412 you know I got no fill on those orders.

sold two hundred shares at 410 to scale-out sold the rest at 391 so only $99 profit on that trade. Then I got back in Dr. Ys at 365. This was for first five-minute candle to make a new high.

Actually it was. It was because it was consolidating right here and I thought that if it broke over 370 it would break high of day and so I got in a little early at 365. We popped up and we tapped 370 and then we rolled over pretty hard as you can see so on that one I stopped out for a $180 loss which puts me up $79 net profit on Dr. Ys and the last trade was NE te this one.

we were watching pre market because it was a gapper but the bell rang and it dropped down. It then broke and broke over the view app and started to squeeze and I jumped in it at 8 dollars with 10,000 shares so I was ended at $8 it squeezes up and taps a high of 843. I thought it was going to be halted and I thought at least it would break over the half dollar of 850. but I thought it was about to be halted.

It ended up not getting halted and in the next candle dropping all the way down to 726 and I was still holding my full position because I thought I was gonna sell it up in the 870 maybe even nine dollar area. So all of a sudden it drops down and I'm down 7,500 bucks I sold as it popped back up here, selling on the ask at $8 801, 797, 809 A bunch of orders I put out that didn't get filled and then bailed on the rest at 766. So if I'd been able to sell all of it back at breakeven, that would have been preferred. but I was having a hard time getting out.

just you know, it was just too heavy so that was disappointing. I'm glad that I minimize the loss to 1700 bucks from being down 7,500 I think that was. that's definitely a win. That's $6,000 of recouped losses, but obviously I certainly wish that I hadn't, you know? I I wish that I had been stronger and so today was just a day where we did see less strength and small caps.

This one's started to open up. It started to look really good. I was up 40 cents on it on the ask and I thought it was gonna keep going higher. So I was being a little aggressive and now that was in part because the stock had news.

An actual catalyst. Decent daily chart for a curl. It's a former runner, so you know I thought I'd give it a chance, but man, it just didn't hold up at all if I'm just surprised at how fast it dropped there I think the issue probably was it was about to get halted at 8:32 and so when stocks are about to get halted that the price is pinned at that level and what happens is it'll be pinned at that level I believe for like 15 seconds There are times where you know it's pinned for 10 seconds, 11 seconds, 12 seconds and then all of a sudden it were zooms trading and that's what happened. and it dropped.

and boom, You know it dropped fast from 843 all the way down to 726. That's volatility and we love volatility, but on this one just kind of caught it going the wrong way. I didn't get in soon enough I jumped in a little too fast. probably should have waited for the first one minute Campbell make a new high.

but again, a lot of these stocks, especially when they break over V wax. they don't wait for you, they just take off. and if you don't jump in, you missed the whole opportunity. So you know, look at the draw.

they're down 1,700 on the name, down 1,500 on the day after making $3,600 yesterday. I am pretty much just feeling like you know what? I would rather keep the losses you know, moderate here $1500 and not keep trading I'd rather come back tomorrow and try to find good opportunities and if the momentum is really hot tomorrow, if we have really great opportunities, I'll make $1500 in the first five minutes. but if the market is slow again tomorrow and I only have you know a hundred dollars on one name and 79 on the other then I definitely have to slow down any te was a great opportunity. It was very close to being a home run.

it just I don't know. For whatever reason it didn't work. Had this gotten halted here and resumed and squeezed up to 878, $89 would have been a five six, seven thousand dollar winner easily. So profit loss ratio was there.

The potential was there easily. I was up $4,000 on it and I thought I had more in it. So you know that's just the way it is. But I'm not being up I'm not frustrated really.

It's just a day where we didn't have a lot of follow-through so that's fine. I'd rather tap out before I get myself frustrated and be back at it first thing tomorrow morning. You know that's the thing that keeping the loss is small and reminding yourself you don't Number one, you don't have to trade every day. Number two, you don't have to be green every day.

It's not a big deal to close the day in the red. it really isn't This is a marathon. There are some legs of this race where you're gonna be. You know there'll be others ahead of you.

You'll be a little bit behind. You'll make up the time on another day, so not gonna sweat it here. I'll just be back at it first thing tomorrow morning. February for sure has been a tricky month for me.

I'm down about 8,000 on the month and you know after making a hundred and seventeen thousand dollars in January It's kind of strange that the momentum is shifted here so quickly, but it is what it is. You know it's just kind of part of the deal with trading. You have hot months and you have cold months. I know.

for me, it always feels like I'm only as good as my last trade. so I'm not really patting myself on the back that much for having a great month of January I'm more just trying to focus on, you know, getting things turned around here for February But you know if if I do take a moment and step back and I think I should, it's a good reminder that the market fluctuates, you'll have hot months. You'll have cold months so just got to go with the flow, not get too bent out of shape about it and know that there will be some hot momentum down the road. It's maybe not here today, but tomorrow the next day next week things will pick back up.

I'll have some great opportunities and I will have another $100,000 a month. My goal I would say would be at some point to have a $100,000 day. I Do think that that's possible. my best day so far is 42,000 but I'd love to have $100,000 a day.

At some point that might not be this year, might not be till next year, but it'll happen. So another hundred thousand dollar month will happen and a hundred thousand dollar day will happen at some point. so you know it's just right now. Yeah, fifteen hundred dollars in the red doesn't matter.

not a big deal, not gonna sweat it. Not gonna let that get me bent out of shape. So I start getting aggressive on trade number four, five, six seven and then finished the day down 10,000 because finishing the day down ten grand is definitely gonna be. That would be a hard a hard day to bounce back from.

So so far the worst day of the year for me. Oh let's see, best day of the year is $18,000 profit so far for 2017 or 2018 and the worst day of the year is I Think seventy five hundred in the red. Seventy three hundred so you know it's It's not bad today. fifteen hundred in the red.

It's just the noise. No big deal. Alright, so that's it for me. I'll be back at first thing tomorrow morning and hopefully we'll see some good opportunities and the momentum will start to pick back up.

I'm hoping the overall market starts to curl and we make our way back up towards the highs and that this is not a bear flag, right? A bear flag is a drop a pop and then going back all the way to the lows. That's definitely not what I want to see I want to see that we curl up off these levels and get back up towards 280 so we'll see what happens and I'll be back at it first thing tomorrow morning 9:00 A.m. 915 for pre market analysis. All right, see you guys in the morning if you're still watching, you must have really enjoyed that video.

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