What's up everyone? All right here we are: 16th day of 2018. I'm finishing the morning up five thousand, eight hundred and Thirty dollars. That means I'm at eighty six thousand dollars, a profit on the month, and I've got fourteen thousand dollars standing between me and a hundred. K Now my goal is to close this month above 100k.

However, it will not be the first month I've crossed over a hundred. K in November I was up over a hundred thousand dollars on the month. but then I took two really big losing trades and I finished the month at eighty two thousand dollars. So you know just crossing the line isn't enough I need to stay on the other side of it and that's my goal here for the month of January.

So I've got five trading days left in the month to make fourteen thousand dollars? I Think I can do it again. Three thousand dollar day average. That'll get me there so it's it's within reach. I'm super excited for that now.

as I've already said, I started this year with a read trade I was down four thousand dollars on the first trading day of 2018. It's statistically the worst way you can start a new month or a new year with a read trade, but you know what? I took that and they turned it into an opportunity to inspire me to be really focused on discipline. and sometimes getting knocked down is what you need to get back up and really get in the game. And you know that's kind of what's happened this month.

I got up I bounced back got super focused and right now I'm just trying to build up my account I'm trying to build my cushion on the year. You know what's really incredible? it's in 2016 I Made two hundred and twenty-two thousand dollars I was really happy with that I thought it was a great year. If I make a hundred thousand dollars here in January I will have made almost 50% of what I made in an entire year two years ago. and I think that really shows the potential for growth as a trader.

You know, with your regular nine-to-five job or whatever, you might look at 5% annual salaries, but you're not gonna look at making you know two hundred thousand one year, three hundred eighty thousand the next. and you know, four hundred five hundred thousand third year. you just don't see those types of increments. and in any job I mean unless you're getting promoted or something like that.

but even that, those types of promotions would be pretty crazy. So that's one of the things I love about trading. But really, what attracted me to trading at the very beginning was the potential to live life on my own terms. and for me at the time when I started I really only needed about five hundred five hundred to a thousand dollars a week was my goal I knew if I made $500 a week trading, that'd be enough to pay pretty much all my bills because I was living.

you know, pretty low cost of living up in Vermont and you know it was just not that hard to get by. and then after I'd been at it for a couple years, it was more like okay, $1,000 a week is the goal. $2,000 a week is the target and that line just keeps moving up. And it's not really that I do this for the money.

That's not why I start trading. It wasn't because I wanted to get rich. that's not at all what my motivation was. My motivation was to make enough money so I wouldn't have to work a regular job anymore.

and so essentially it was so I could have financial independence and financial independence. To me, was not being a millionaire, it was simply making enough to live life on my own terms to be able to, you know, come into my office and work for a couple hours and then take the afternoon off to go on vacation when I wanted to to work around the house and you know not to have to go into that nine-to-five So that was my inspiration and I think that for me was just such a strong motivator. It pulled me through those really difficult times that I went through when I was learning how to trade because I had some really hard times where you know I got really frustrated and I was losing money and I wasn't consistent and I didn't know if I would get over the hurdle and just that motivation that you know I want to be able to live life on my own terms I think the motivation of you know I wanted to be rich or you know I want to make a lot of my trading I don't know if that would have I mean that just wasn't my motivation I don't know if that would be as strong as that desire for financial freedom and independence. That's really what drove me and I just am so grateful that you know it helped me get through those those low points.

so I could get to the other side because so many traders they get into those low points and they give up. They're out of the market and they never. you know see what it's like when you get over the hill when you get to the top of the help. So you know Michael now is now that I'm up kind of on the hill is to help as many traders who want to get up here to give them the tools, the skills, the strategy so they can get up here and trade side by side with me.

Alright so anyways, that's my two cents for today. We're gonna get into the midday market recap: break down the trades from this morning, but before we do it, let's roll that intro What's up everyone? Alright, so we're gonna go over trades from this morning, so 15 consecutive Green Day 16th trading Day of 2018 Five thousand, eight hundred, Thirty dollars and twelve cents. That means I have right now about fourteen thousand dollars standing between me and a hundred K on the month. So that's the big goal that's that's the line in the sand that I'm hoping that I cross.

We've got five trading days left in the month, so the question is, can I do it I need to be on my game I Mean you know fifteen thousand dollars and five days is, you know it's still a lot. So that's the goal. I've got the intention set and let's see what we can do. So today I did not take any trades in my IRA unfortunately I had one trade that I tried to take and I didn't get filled and then I didn't take a second stab because I felt like I would be chasing it to get back in higher to try to get it higher.

So I'll show you that trade and you can see here on the P&L ACH v ye Co OHG I Three stocks, five trades, four winners, one loser. Not bad for accuracy. Tomorrow morning I'll open with this account up over a hundred and twenty thousand dollars. However, my biggest trade today was $37,000 That was the largest trade that I took in terms of dollar size.

So I'm not using really any of this buying power like I'm I've got four hundred fifty seven thousand dollars in buying power. I could almost buy a hundred thousand shares of some of these stocks, but I'm obviously not doing that I'm not using this buying power. So what I'll probably do is take out like a hundred thousand dollars from this account once. I'm over like a hundred and twenty five hundred thirty thousand and just drop it back down and you know, take that money out.

put it into SP Five hundred, set it and forget it and just you know, let it do its thing there. That's what I was doing all last year and that worked out really really nicely. I mean I I put seventy thousand dollars in two SP Five hundred in April right here when we were at two forty right around 240 and you know it's still in there. It's doing great.

That's for me. Just kind of like retirement planning. It's not actively trading, it's just investing in the market, putting it away and knowing that over the course of 20 years, timing doesn't really matter because you know it's just gonna. It's just gonna keep growing, so you know.

So I'm not planning on spending that money or using it for anything. So anyways, um, that's that's that. But yeah, let's break down the tricks from this morning. So scrolling back up here: First trade of the day: o Hgi.

So OHG I was on our Gap scanner this morning. We were watching this one for a Gap and Go trade. We saw nice consolidation. pre market pop-up pullback pop-up pullback pop up little pullback here I Jumped in as soon as the bell rang.

My entry was 10,000 shares at 67, 78, 82, and 84 and that's kind of the crazy thing I press that button four times in one second. So that's why I'm wearing my my wrist brace is because of a carpal tunnel and I got filled with a range of 15 cents 67, 82, 84 and mean that's that's a crazy range. That's how fast these stocks can move right out of the gates I added to 95 and then lost my internet connection I'm totally offline and I'm like oh my god, the price isn't moving. so I know when the price isn't moving, it means I've lost my connection and I'm like I'm grabbing my phone I'm like, you know, unlock it, get in, turn on my hot spot, drop the phone back looking at the screen, Boom it pops back up I'm on the ass to sell at 3:02 I don't even know what the price is gonna be.

you know when I come back online I put my order I just press sell on the ask. It happened to be 302, filled 2,000 shares and then it dropped down to 98 I Tried to sell on the ask at 98, no fell sold on the bid at 90, 88 and 78. so that was kind of a bummer because that could have been a much better trade and I you know I just whatever. It's the luck of the draw.

So first trade there was 978 bucks and that was the only trade it took on OHG I It ended up selling off, not recovering and so that was that disappointing. All the action was pre market. Next one down a CH V This one hit the scanners and initially I was a little hesitant I wasn't sure it was gonna hold up and so my first trade was right here. getting in at $1.99 or $2 you know? Look you can see I tried to take 12 thousand shares I'm trying to be aggressive.

only got filled three thousand and eight shares so only filled small size. Ended up selling it at 213 for 360 bucks so 360 bucks. whatever. That's the trade that I tried to buy here in a IRA account I can't remember what I tried to get in.

Let's see I'm not sure if it doesn't I don't you know? it's kind of strange that Oh hold on. um to close that I wonder if config show closed orders? Yeah so there's you know. what's crazy again is come on a thousand shares. I was trying to buy four thousand because it's priced at two dollars so man I'm just not on my game with with this platform obviously I only typed in a thousand so if I had gotten filled I would have been super disappointed because I you know I'm not going for for a thousand shares I'm going for four thousand.

But anyway, so that order didn't get filled at 96 and so I was like all right whatever I just put that to the side focus on my main account. so I get out at 213 360 bucks I then get back in as I see it surging up. so I was like I'm gonna watch this and if I can get back up over the highs I'm interested. It starts to curl back up on this candle and I saw volume come in on the time and sales boom I'm pressing the order 20 24 26 buying through high of day target selling through the half dollar put out orders to sell at 68 I didn't fill any of my shares there ended up selling half on the bid at 60 for 30 cents of profit.

sold another quarter 56, sold more 7286 309 and that put me up about four thousand Three hundred dollars. So that was selling through this spike here I then got back in down here. Let's see I got back in on this candle right here. No sorry, who is right here on this candle on the one minute we broke over the Vu app and that was right here on the five minute and so I got in at 55 Oh Actually I've got a couple other trades on this let's see.

So I took another trade let's go back on the one minute before that one I took a trade right here for the first one minute Campbell to make a new high I was in at 70, 72, 73, 74, 75 selling at eighty seventy three and then 66. So I only made like 200 bucks on that. it didn't really work. my target was first km to make a new high and that it would go back to high a day that didn't happen so stopped out coming down and that my last trade was yeah back here for the break of V Whap this one I was a loser I got in at let's see, let's go back to EC HP I got into 54 55 and stopped out at 40 about a $700 loss.

So at that point I was like okay I'm done for the day I'm not gonna not gonna over trade, just gonna throw in the towel and and you know whatever in between that trade and the other trades on why a CHP was a trade on ye CEO this one hit our scanners, hit our scanners and got halted. So I didn't get in here before the halt I got in after the hall at 474 475 adding at $5 selling at 5:12 and a little at 5:08 and the rest is it came back down at 5 and 477. So $1100 profit on that. So you know In total, great day.

$5,000 is fantastic. Anytime I can be above 5,000 is obviously a fantastic day. so let's see. Um, did you -? I'm just gonna look at see what my daily average is.

So we've got 16 days into the year. my daily average is five thousand, four hundred dollars right around there, which is fantastic I mean I really don't know how long I'll be able to maintain a five thousand dollar daily average. you know? I whatever I don't know I'll just as long as the markets hot I guess and it will slow down at some point and I'll just have to, you know, taper back on my share size and be willing to be happy and content with five hundred dollars a day, seven hundred dollars a day knowing that I will come back two big days. But I gotta let the market kind of, you know, reset.

So one of the things that happened to me last year was, you know I had a great hot I mean 2016 for me was a great year. $222,000 I was green every single month of the year, then starting in January of 2017 I had my $583 account I turned it into a hundred K and forty-four days, you know? So the first quarter of 2017 was really, really strong. not as strong as as this first quarter of eighteen, but it was very strong relatively speaking. And then things slowed down in April I Had my first red month in over a year and a half and it you know it was kind of shocking, disappointing and I was like what's going on this is crazy May I bounced back, made like eighteen, twenty thousand dollars and then June July and August were really slow months I didn't even break ten thousand dollars of profit for three months in a row and then come September I lost $4,000 I had another red month to read months and so from April to September my net gain was only like thirty thousand dollars and I was feeling I was just like whoa.

What happened? You know one of the things I was talking about in one of our videos last week is that kind of superstition that that I can get sometimes because this is sort of like you know, kind of like an athlete. This is a performance sport you know I feel like you know a Tom Brady and every time I come up into the game I've got to perform and if I stop performing I'm out I'm done and what if something happens? You know what if I get hit in the head and I don't remember how throw a football anymore? What if you know I I do break my wrist or if something happens here I can't trade anymore What if something changes all of a sudden I I've lost it and that's that fear and so you know. That's why you know traders can get a little superstitious because every morning you come in to trade, you feel like you need to perform I need to constantly keep delivering. You know these three-point shots and these you know homerun trades and you know the moment I stop delivering.

it's like whoa, what's what's happening and so last year I was I was feeling a little bit stressed during the summer because things were so slow and then in the fall when I had that second red month I was like well, you know what is going on this is crazy and I hadn't gone through that long of a cold streak since I had been on. you know since I really got my feet underneath me as a trainer so it was threw me off a little bit and I I was wondering. you know Jeez was I just were those 12 months or 18 months that were so so strong. Was that just a you know, Was that just a fluke? Was that just you know the market did something change with me to something change with the market.

You know what happened and then things started to pick up in October and then in November I made eighty eighty Two thousand dollars December eighty four thousand and now here I am in January up Eighty Six thousand dollars. A quarter million dollars in three months and so I think now I'm feeling a little bit more confident because I've gone through a fairly long cold stretch and came out on the other side to do even better than I've ever done in the past. And part of that is probably the some of the discipline that I had to pick up during that cold streak. You know, and despite it being a cold streak, I wasn't losing money I wasn't at a net loss I just wasn't making as much as I wanted to.

Thirty thousand dollars in six month is still sixty thousand a year. It's not bad, it's just not where I expect you know myself to be. Yeah, so you know right now I am being more aggressive. My average chair size today was, well, 8600 shares, partially because I only got a partial fill on a CH v average chair size yesterday I was 11,500 I am being more aggressive because I'm try to really capitalize on what seems to be a great opportunity and I know that I have to keep you know in mind that a cold streak will come.

You know there will be a time where I have to slow back down and I'll have to just be okay with making five hundred or a thousand dollars a day. And you know I might have another red month at some point in the future and I'll have to remind myself, hey, remember you're still the trainer who made eighty six thousand dollars in one month. You will bounce back. Don't get it bent out of shape, just take it slow.

Take it one trait at a time. Use this as an opportunity to exercise your discipline to be patient. Things will pick up again and I think the more times that I go through that hot and cold cycle, the better I'll get at sort of handling them in stride and not getting myself stressed out. unnecessarily.

Traders who have been doing this for you know, 10 15 years have probably gone through cycles like this and some of them are long. you know, 18-month hot cycle. Let's see cuz let's yeah, I mean I had I had a really long hot cycle from 2015 going into 2016 carrying me into 2017. It was more like a two-and-a-half year hot cycle and then a six month slow period and you just can't time these things.

You don't know when they're gonna come. You don't know, You know when things are going to slow down in the market, but it is. You know these, There is an ebb and flow. And what I've noticed is that when markets are hot, more traders start participating.

TD Ameritrade Said they have the highest levels of active traders in the last 30 days and I think they've ever had. So it's not just me, it's not just the chat room, it's Collectively, there's a huge surge in active trading right now. maybe in part because crypto currencies are down. People are going back into the trade.

this small cat market, you know, for whatever reason. But when you start to see exuberance, you start to see more FOMO more traders jumping in, more trying to get a piece of the action and things start to go parabolic. And that's what happened. Cryptocurrency through the summer and into the fall.

and December just huge momentum. and then you have that setback. you have that that kind of ebb period or whatever you call it. And during that period, traders collectively become more careful, a little bit more nervous, less buying pressure, or less enthusiasm less FOMO and it becomes a more difficult market to trade it until things start to come back around.

And so I know it's easy for us to get into that bubble of tunnel vision and say, you know, wow, there's my PL And that's not $5,000 today. You know what the heck? I'm not doing my job. it's only $500 a day, but you have to remember that we are. You know, just individual traders trading in a large overall market.

So what's happening in the large overall market? Is it strong? Is it in or the flow? Because maybe we should just be content with 500 a day. And maybe today, a day where I'm up 5,000 I should push it a little harder and take bigger size because this might be the type of day I can make 8,000 or 10,000 So anyways, you know that's that's kind of my two cents on where we're at here 16th day into the year. Obviously a fantastic start. Best start I've ever had to a year and I just don't want to set the expectation for you guys or for myself that I'm gonna average fifty three hundred dollars a day for the rest of the year.

If I did that, I would be making over a million dollars a year and I'd be more than doubling my last year's profits. You know last year I start with $583 turned it into three hundred and thirty five thousand. I made another thirty five thousand in my other day trading account which brought me up to three hundred and eighty and I made like a hundred and seventy or 180 thousand and my long-term investments. So you know all of that combined was a great year, but it's not realistic for me to expect that I'm going to be able to double that this year.

You know you don't go from making 500 a day to a thousand. You go from 500 to 650 to 750 to 850 to a thousand. It's incremental. The reason we do it in those incremental steps is because when you're aiming for a thousand, you means you're taking bigger size.

And that means the losses will be bigger and you have to get comfortable taking losses Because you know if you take a big loss. if I take a fifteen thousand dollar loss and it shakes me up and it starts to get me aggressive. Gets me into FOMO I'm gonna have a snowball in fifteen thousand turns into 20,000 to 25,000 turns into 30 I mean it can happen really really fast so you know I say all that from experience right now I'm in a hot streak but I expect I have a goal that my daily average will be closer to three thousand dollars and maybe twenty five hundred dollars a day this year. Realistically, it'll probably be around 2,000 to 2,200 if I'm if I'm gonna be realistic and and that's fine, you know, 20.

Let's see mm Mike I Think my goal yeah would be to try to break over half a million, but 20 to 22 hundred times 240 trading days that would be five hundred and twenty-eight thousand dollars. So you know that's kind of where I'm looking I mean I I Do have this back at the Mind Target that maybe I could break over a million dollars before the end of the year. My account is at 421 thousand right now, so you know that means I need to make another 580 thousand from you know, today forward and plus the eighty would be six hundred and sixty thousand dollars of total profit. That's setting the bar awfully high I Don't want to be disappointed when I'm only making 400 thousand like oh man, only made four hundred M I'm pathetic.

This is unacceptable, You know I want to be very happy if I make four hundred thousand and if I blow it out of the water and we have a we continue to see great momentum this spring and and a really great summer then maybe that'll happen. I would say summer will be the time that will really tell us whether or not it's gonna happen because last summer was super slow. But summer 2016 I made thirty thousand a month and made a hundred thousand dollars I mean a great three months so it's just hard to say what it'll be but just got taken in stride. We're in this for the long haul.

This is a marathon I Want to be doing this for the next, you know, Twenty years of my life if not longer. So you know I will cross over that million dollar mark in this small account that started with $583 If it happens in 2018, that's awesome. If it happens in 2019, that's okay too. If I have to wait till 2020, that's okay.

it will happen. It's just a matter of time and again, it's not that I am doing this to make a million dollars or I'm doing this to get rich. This is all back to doing this for. you know, the ability to live life on our own terms, to be able to come here and trade every morning from the comfort of our own homes.

And I'd be part of a community and not have to clock into a nine-to-five anymore just to totally live life on on our own terms. That's the goal. That's the total motivation for me. and for me with this $583 account.

I am trying to inspire you guys with the potential. but I don't want the I don't want you guys thinking that oh I'm just doing this to make a million bucks I mean I don't think you guys are I Think the motivation for most of you is the same. It's financial freedom. It's living life on your own terms and financial independence.

So that's the goal. That's the motivation. and that's what's gonna get me up bright and early tomorrow morning for midday or for pre market analysis at 9:00 9:15 you know, right around there. Alright, so that's it for me.

I Hope you guys have an awesome afternoon with the IRA class from yesterday in the Warrior procession will be uploaded that will be part of the Warrior Pro classes. I'll let you guys know when it's available and yeah, I'll see all you guys first thing tomorrow morning. All right. See in the morning if you're still watching, you must have really enjoyed that video.

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