What's up everyone? All right? Monday morning. It's the start of a new week. I'm excited. Today was another great day of trading.

Finishing the morning up Seven thousand, five hundred, sixteen dollars and four cents. Man, another great day of trading. I'm at seventy five thousand dollars a profit on the month. Nine thousand dollars away from my best month ever.

Best month ever was last month when I made eighty four thousand dollars and my best month ever was the month before that when I made eighty two thousand dollars. So this is just an incredible hot streak. Three months of eighty thousand dollars I mean that's crazy right now I am just grateful for January momentum. The January effect is in full force.

That's when traders come back into the markets, start to rebuild their portfolios after closing out trades at the end of the year, taking their tax losses and all that stuff. So we're back at it, having a great month, and here we are at the beginning of a new week we've still got well, is it seven days left in the month? and I think that I have a chance of this not only being my best month ever, but I have a chance of breaking $100,000 in profit this month. I'm going for a hundred grand and we'll see what happens. Alright, so this morning when I sat down to trade I've got my my dog here hanging out by my feet.

She missed me. She's so happy that I'm home this morning when I sat down I knew that I was a little bit tired this weekend traveling, you know was a really long day on Saturday from LA to Minneapolis layover from Minneapolis back to Hartford Driving back home, got home really late on Saturday night was super caffeinated, couldn't really sleep Sunday had all these errands to run. so here on Monday morning I asked myself all right did I eat well? they sleep well and the answer was no and no I'm tired. you know there's not a lot of food in the house I'm kind of worn out so I said I'm only gonna trade for an hour today I feel like I'm gonna be trading was sort of.

you know, limited like emotional and mental capacity and you have to really be mindful of that because when you're kind of tired and not feeling really a hundred percent, you can make impulsive decisions, you can start to get frustrated, you can just trade civilly, trade sloppy. and so I wanted to be careful today. Now my last three traits of the day were three back-to-back losers and that was my cue to throw in the towel and be done for the day. But you know what? $7,500 is a great day and today was my first day of trading in the IRA account which is really exciting.

I'm gonna make a separate video where I talk about the IRA show you guys how I set up the account, what my goals are and break it all down for you. But today let's get into the midday market recap. But before we do, let's roll that intro video. All right.

So let's start breaking down the trades from today. so let's see, let me drag up my Lightspeed account here. So there's my Lightspeed account six thousand, three hundred, sixteen dollars, and four cents. And here is my Interactive Brokers account.

Finishing this is a little confusing here and I'll explain this a second finishing up twelve hundred dollars in this account and I have no idea what the Commission's will be, but they're not going to be high because I only took one trade. There's a second line here, which is the demo account. I took my first trade accidentally in the demo account that they set up for you when you open an account with them. So that was a little bit of a bummer because there's a six hundred and sixty dollar Win! This account only has eight thousand, seven hundred, thirty three dollars in it.

so it's a really small account so to make six hundred bucks is a great trade. And that was really annoying that I realized after I closed the trade that it was in the demo version, not in my actual live account. So I'm gonna have a whole separate video where I talk about setting up this Interactive Brokers account and why I've done it. but it's an IRA account a Roth IRA account.

So this is a retirement account I can't draw out any of the gains until I'm fifty nine and a half years old. But all of the gains are tax-free and it's tax-free when I take the money out as well. So I don't have to pay income tax when I pay myself. you know, $100,000 when I'm 59 and a half years old.

It's totally tax-free so there's a huge advantage there. The disadvantage of trading an IRA account is that you don't have margin. You can't You don't have buying power beyond your cash balance number one and number two. you can't short stocks, so those are - you know, fairly significant disadvantages.

and it's why it's not going to be my primary trading account until it's at least above 25,000 I am limited to only three-day trades per week. So I need to write down to my calendar here. Let's see that I took one day trade today and that means I'm down to two day trades for the next for the rest of the week. So it's actually in a five day rolling period so it's not.

It doesn't reset on hung on Monday it's it's five day period so I should probably use a different color pen. so I really keep track of this. but I'll just write here and I are a day trade number one. Okay, so this is going to be a little bit of a slower process growing this account above.

you know, $25,000 It It is how every margin account I don't have to wait for the trades to settle and that's why I opened the account with interactive Brokers if I opened it with E Trade I would have to wait two days for this trade that I took today to settle and it means I wouldn't be able to take a trade tomorrow because the cash is tied up waiting for settlement period. So the nice thing with TD Ameritrade and interactive Brokers is that they give you margin so you know set its called settlement margin so you can you can de trade the account in other words. But anyways so let's go and look at the trades from today. So very first trade of the day was LT BR and my main trading account I didn't take that trade and in Interactive Brokers So LT BR was on our Gap scanner this morning and you know this one I was I was watching closely as you can see I'm down $55 on the name I which is a little disappointing so right out of the gates I was watching it for a break of pre market highs.

The pre-market high was 262 so I got in at 260 and 265 was 7,500 shares. I then sold it at 270 and 274 and to set 62 for a $500 profit. So green on that first trade which was good so that was a gap and go set up. getting in for the break of the pre-market highs.

The second trade was getting back in at 74 as it started to squeeze up and you can see here I got back in at 74 and 75. That was right. Where was it? Yeah, I was right in this candle Here we tapped a high of 82 I sold it 81, 77 and 79 for like $300 profit or 250. So I was up about $800 on the name after those two trades.

Alright so at that point I'm done on El TBR for the first Gap and Go trades up eight hundred dollars on the day. So I'm like alright I'm gonna you know, sit tight and wait for scanner alert. So then the first scanner alert that I saw was Lt sorry was a MN GA at 384 So Mnga hits the scanners and I'm like okay you know this is what we generally do. we wait for stock to hit the scanners, then we jump in.

So I jumped in Mnga at 390 395, 395, 395 so a little aggressive on the sighs of course at this point I had a cushion on the name our on the day and when I looked at this what I really liked was it has a recent reverse split stocks with recent reverse splits and KBS F is a really good example. Can sometimes put in X Financial Green Day's So here we go right here. reverse split. Next day it squeezes up to 425 and within the next three days it hits $18 That's the recent reverse split potential.

So when I saw that this was a recent reverse split, I was like ooh that's interesting I got a jump on this quick so I jumped in quick thinking it would really open up. Obviously I was wrong because it didn't hold these levels at all. So I'm in at 390 and this was the first trade in my IRA account. I got in unfortunately with my demo account at 431.

So basically what happens is I type in here Mnga, Mnga and I didn't have my hotkeys set up because I knew that I wanted to max out my buying power. but unfortunately Interactive Brokers doesn't allow you to use the hotkey where you buy based on the percentage of buying power. So what I was doing was sure. trader when I had my really small account is I would buy based on 95% of my buying power.

So my buying power is 8,700 I would say you know okay by 87 well let's see 87 33 times 0.95 is 82 96. So I would say by eighty to ninety six dollars worth of that stock and it would be some odd number. Like you know, well let's say divided by 430 would be I guess actually nineteen hundred and twenty-nine shares. so it actually would have been less than 2000.

So probably if I had pressed this order with my live account it would have said it would have rejected the order. but anyways, it filled in the demo account and because this here is showing the demo, I would have had to go and select this now since this trade I've set up my hotkeys so I can do a hotkey for 2004 3000, 2017 hundred and fifty shares and then I can press the Enter button when I'm ready to take that trade. So I've got that figured out. But so my first trade was a little bit of a screw-up because the whole time I was in it I thought I was in it with real money and so when I sold it for six hundred sixty bucks at 464 I was like nice.

that was solid. you know, good trade, almost 10% in growth in the account and then I looked up here and realized wait a second that's not my account number. do you know? Dang it I screwed up so that was disappointing in my main account I sold at Three Third. oh I sorry I added at three thirty, added again at 4:30 added again at four 69 I really thought this was gonna tap five dollars I was being aggressive and I ended up stopping out at 450, 460 and 448 and I guess all the way down at 396.

So I you know I stepped up to the plate on this one I thought it was gonna be a big really big win and you know I guess I was wrong. So $4,600 is still a good trade but I was trying to be a little more aggressive on that. So anyways kind of a bummer there on both sides. I screwed it up on my IRA account and I was not I was just too aggressive in my main account.

but you know 4,600 bucks is good. So at that point I was up like 6,000 on the day I then got back into L TBR here in my main account at $3 this was and I knew. As you can see, Mnga did not hold up at all which is really a shame. It had a lot of potential and it just totally broke down.

So L TBR back at this one I got in here as it started to squeeze up as it broke through $3 so I jumped in at 3 added at 312 312, sold 325 332 324 so that added another thousand dollars and at that point I was up $1700 on the name. Alright so that was seventeen hundred dollars. profit on LTB are at that point and it put me up I don't know eight thousand dollars or so on? no put me up six thousand because that was before the CC C HC I trade. So then I took C HC I this one hits the scanners and I fumbled my hotkeys again I pull it up and I press as soon as I pull it up in my level two I press shift one because I'm like oh, I'm gonna prepare my order to buy three thousand shares and it fills the order at a dollar ninety three and I was like whoa I thought I had that hockey setup to load the order right here, load not send the order.

it sent the order So all of a sudden I'm like okay, I'm in this thing So then I was like okay, I'll add in my main account to now I'm in the trade so I added at two, twelve to fourteen to sixteen in my main account and then halted so it's squeezing up and I'm like alright, that's fine I'll try to add around a half dollar to fifty something like that. it ends up opening and squeezing up and tapping to sixty. I added it to seventeen and yeah, I guess that was the last place I added was 217 I think I added there out of the halt though I had the order ready to fill and once it resumed trading, that's when I got filled. I'm pretty sure it was when I when it resumed trading.

so 955 yeah cuz I I know I was filling out of the halt. but anyways I think going into the hall I have like 8,000 shares or something like that and then this order filled as soon as resumption I sent the order right before the hall so we got a high of 260 I didn't sell up there in my main account I Ended up stopping out as it came back down at 2:30 and in my Interactive Brokers account I also sold it to 33 so 600 or so $1200 3000 shares from 193 to 233. So that gives me $1,200 of profit there. which is which is good.

You know it. I mean overall is is a good day. So six thousand, three hundred, sixteen dollars plus the twelve hundred puts me at seven thousand, five hundred, sixteen dollars, and four cents. So Green is good.

It's a good day growth in the small account. Now, if I had taken both of these trades today, I would only have one trade left on the weak bad be up. Like you know, almost two thousand dollars on the day. That'd be like a twenty percent growth in my IRA account, which is awesome, but obviously it's challenging to try to flip back and forth between two screens.

It is not easy. and today I you know, was a little tired from traveling over the weekend and stuff like that, so it's probably contributed to fumbling a little bit on these orders. but you know. Fortunately, we had good momentum and I was able to capitalize and lock in some profit.

So another green day plus seventy five hundred dollars is terrific. So that puts me on the month at did it to do seventy five thousand, Five Hundred and Ninety Two dollars. We are twenty five thousand dollars away from the 100k a month and we've got let's see two, four six seven trading days left. So 2,000 let's see three thousand dollars a day average just about would get me there.

That's that's the spot that I'm watching for this month. I Really think I can do it and it'll be combined in my main account of my IRA but you know my IRA is gonna be a smaller contributor now. I'll say this IRA account was funded from the gains of my main trading account that I started with five hundred and Eighty-three dollars. I'll in the separate video where I talk about how I set up the account I'll explain why I'm starting with eighty seven hundred instead of the eleven thousand that I had initially planned to start with.

but the way you take a the way a high income high you know, come on or like myself, gets a Roth IRA is you contribute to a traditional and then you convert it to a Roth and so it's called a backdoor conversion and you can do it at any time during the year so you just have to I think you have to pay your tax or something on it but at the time of conversion. but in any case, that's what you do and I had a financial advisor help me set it up. So now it's up and running and I'm ready to start growing this account. $25,000 is the first you know first benchmark in this account because once I get over 25,000 I can day trade more than three times a day, right? or more than three times a week right now I'm limited so it's you know, probably gonna take a couple months or something to build it up unless I get lucky and I get into a trade that you know goes up a hundred percent.

but I'm just gonna pretty much trade the same way. I would trade my normal account and just accept that it's gonna take a while if I try to swing for the fences and go for homeruns. That's gonna get me into trouble, right? I'm gonna have trades where I am up thirty forty cents I don't take the profit and ends up turning into a loser I Can't let that happen. So I just need to make steady progress on this account and you know the first few trades make a big difference because it's gonna build up my equity tomorrow.

I'll open with you know, close to ten thousand dollars. so that's a it's a big jump forward. I'll be able to start going in here to my hot keys and the way I made this little sticky note Shift one for price under three dollars, shift to price between $3 and $4 shift 3 Price between 4 and 5 and I'll just be able to keep updating that so when I press shift 1 it'll be not 3,000 shares, but 3,300 3400 and we'll just keep slowly increasing those until I'm taking you know, 5,000 8,000 shares or whatever it is per trade. Alright, so anyways, that's it for today.

Finishing the morning up 7,500 dollars a green is good. We'll be back at first thing tomorrow morning 9:00 9:15 pre market analysis and hopefully we'll see some good opportunities again tomorrow. I KLTV are on watch today if it can get back over three. sorry and I forgot to say my last three trades on it I got chopped out I got in it three times and lost three times in a row.

which is how I gave back the 1700 dollars of profit that I had on it. so that was on these candles right here I Got in right here for the break of three, stopped out on the drop, got back in right here, stopped out on the drop and got back in right here and stopped out on the drop I kept thinking it was gonna open up over three and squeeze and hit 3:30 but okay, not happening. So after three losses in a row, that's my cue to throw in the towel. And so that's why we're finishing the morning here.

A little on the early side. Alright, so anyways, that's it for me. I Hope you guys had a good morning today and those of you on Facebook or YouTube feel free to leave comments in the footer or below the video. I'll come back and answer those later and I will see all of you guys first thing tomorrow morning.

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