What's up everyone? Alright, so finishing the third trading day here in Santa Barbara worst day of the week up? only three thousand fifty two dollars. This is pathetic. not even breaking the five thousand dollar mark. So today is the twelfth trading day of the year.

I'm up sixty three thousand dollars. So I'm averaging more than five thousand dollars a day and it's crazy. I Mean this is day after day, opportunity after opportunity. and I'm loving it some of sixteen thousand bucks this week.

and that means I've paid for my stay here and this afternoon I'm gonna get out of here and head south I Wouldn't recommend staying here and the reason is because the Internet's no good It, you know, despite the fact that this place is really nice, the way it's set up all of these you know, little like Villa kind of buildings. they're all spread so far apart that you know they're all trying to work up some main I don't know, wireless booster somewhere and it's just it's no good. So word to the wise, probably better on. Friday Well, tonight and and tomorrow I'll be in LA and I'm gonna be at a hotel where everything is centralized so fingers crossed.

the internet is better and I don't have to deal with using my iPhone as a hotspot and trying to connect, reconnect, and go through all that stuff. It's a pain in the butt and that's what I had to go through today and it got me frustrated before It was time to trade. When you get frustrated before it's time to trade, How do you trade? you trade, like a jerk because you're frustrated. And so today I Was very mindful of the fact that I needed to slow down a little bit, take a breath, get centered, not take my frustration out on my trades I Can't afford to do that I did that a lot last year I Would you know be in a bad mood and just be too aggressive trading? Take 15,000 shares.

Just it's like you want to punch a pillow and you just do it with your you can't do that because if you do that and you're wrong, you're gonna take a huge loss and then that just compounds your frustration. It's snowballs, So you know the moment you're starting to feel like I'm frustrated I'm not. you know, Totally clear-headed You got to be able to have that internal presence of mind to say alright, it's time to pull back, take a breath, slow down. And so today I went a little easier and you know what? it was for the best because we didn't see a lot of good opportunities this morning.

It was a little choppy, just it wasn't as clean as it was yesterday and the day before. So we'll go over all the traits from this morning and the midday recap after. I Do my recap live on Facebook I'm gonna get out of here and head to LA so it's gonna be like a four-hour drive. Like I said yesterday, the 101 is closed because of all these mudslides and driving on the highway yesterday I went up north a little bit to a couple beaches.

As you're driving on the highway, you just pass dozens of trucks filled with mud and they're bringing the mud from down that way. you know, back up this way to dump it somewhere and they're finding places to to drop it. so it's really crazy. There's mud all over the roads.

It's probably pretty dangerous for people on motorcycles, but you know? anyway. So this afternoon I'm gonna head south. It's gonna be a little bit of a drive because I got to go up and then come back around and then come all the way down. They might be a long drive.

Fingers crossed. It goes smoothly. We don't have any issues I Make it to LA before sundown. Alright, so with all that said, let's roll that intro.

All right everybody. So let's break it down. Today's Midday Market Recap: This is the 12th trading day of 2018. Worst Day of the week.

Three thousand fifty, two dollars and 23 cents. And when three thousand dollars is your worst day of the week, you know that you are in a strong bull market. I mean we are just seeing great opportunities day after day after day. And today was you know, for sure the slowest day in more than a week.

But hey, I mean 20,000 bucks is great. So the way I've been doing my my 2018 calendar here is usually like a year ago. I'd write you know, four hundred Fifty Two dollars and 27 cents at this point I'm just right for K 11k Six Point Five K Nine Point seven K Not even going down to you know, anything below the hundred dollar mark keeps the calendar looking clean. This is a Norman Rockwell calendar.

It's classic. So I love these calendars. they just kind of for me take a look at it. I total it up at the end of each week I like to just have that visual now I use Excel also.

but for me, the Excel Doc, you know I don't it doesn't. It doesn't just do it for me like it's that's much more like Nitty Gritty Details. So like for instance, right now I can look at my Excel doc and I can say my average winners for the last 96 trades is 19 cents per share. I'm never gonna see that information on this.

This is big picture. The Excel doc is like nitty gritty so 19 cent average winner, average loser is 26 cents and that's my own fault because on the first day of the New Year I a couple big losses average percentage of success 80% which I love. Really good accuracy so you know today was another day. Stepped into the market looking for good opportunities and you know I'll tell you guys I Was frustrated this morning I I spent the first 45 minutes of the morning trying to get myself connected to the Internet You know I'm staying in a really nice hotel and you know the Internet here is just it's crap.

So I'm right now doing this stream on my my hotspot on my phone. don't you want to know what my data bills gonna be this month because I've been streaming all day on my phone but whatever I'll cover it with. You know the profits from this week so it's just frustrating. you know cuz Internet is so critical.

it's one of those things. I I Know many of you guys are the same way where when it doesn't work and you don't know how to fix it, you just feel so frustrated, in powerless and you just want to throw your laptop out the window. But fortunately I held it together I ended up fortunately having backup laptops so I would just try to find you know I've got three laptops here and while trying to connect to the wireless signal, some of them are connected really really strong for bars, others have only one bar I Disconnect I Reconnect still one bar. Disconnect Reconnect still one bar.

So it's like it's picking up different. you know, probably boosters that are around here and I can't get it to switch on to the one that's the strongest. So anyways, this morning was I had to trade on my back up trading station and I knew I needed to take it slow. So first trade right out of the gates this morning was on I tried to take a trade on CNET and I didn't get filled so the Gap scanner today wasn't super impressive.

There was nothing that looked really really good. If I can pull up the Gap scanner here actually I don't know if out here this. so let's go to right-click time frame use historical date Let's see, we'll set this for 9:00 fifteen I Remember guys, I've had some people ask me if I can share my scanner settings I share scanner settings with students that are in our warrior Pro classes. so those are the only students who have these scanner settings.

These are really I mean they're pretty valuable. They're my secret weapon. They're how I find hot socks every single day. so I want our students to have them.

but I don't share them publicly with everybody. So anyways, Gap scan here leading Gap or SPI this one I didn't like. it was a little too cheap. a dollar 30 wasn't super interested in it.

You could see how yesterday it was really high and then pre-market it was high and sold off so by the time the bell was ringing it was already down to much. Live Ventures Li ve $19 stock. It's outside my price range. don't like it.

Next one down es I owe $27 stock outside my price range. How to like it? Next one down Li TB 53 million Sheriff Lo is a little too high didn't really like the pre-market chart. It would have actually been okay for a gap and go because it did pop up about 20 cents. So that could have been with 7500 shares and $100,000 Winner I Just didn't end up taking it, but that one it did pop up.

it just didn't hold that level. Next one down Mara Ma RA News out of cryptocurrency, you know type of headline. By the time the bell was ringing, it was selling off and it just kind of sold off and continued to drop. next one down GNC Typically I wouldn't like it 67 million share afloat.

However, I said I'll keep it on watch because it was the strongest pre market. So what we see on this is that we are really holding these pre market levels consolidating. This is a long flag. So I was like yeah, you know it looks good John Milton Called it out in the room, he said keep it this one on watch You know they've got a good headline this morning.

I Mean it's not our go to flow, but let's keep an eye on it and so I said alright I will I'll watch it So GNC typed into my level 2 right here and had it on watch. That ended up being my first trade I Got in with 7500 chairs at 4:46 and 447 and you can see here it popped up to a high of four. Let's see, well look in here. there we go.

Popped up to a high of 508 so it ended up doing a really nice gap and go trade I took this as it was squeezing up. it kind of tapped the half-dollar and pulled back for a second. So that's where I got in sold at 5957 as you can see here, took a trade on CNET in between and that I didn't yeah that was the only one I didn't get back o today no I didn't get back in GNC I was considering getting back right here in the 60s and we saw volume coming in. we at like 65 I was watching this because I was like okay the first one minute Campbell to make a new high will be over 71.

so I watched volumes start to come in at 65 66, 67, 68 and I almost pressed the Buy button but I just sort of hesitated I think I I wasn't I don't know I just I'm the float being a little higher. it just wasn't totally sure about it. So I passed on that but held the 900 shares I was still holding and then ended up stopping out on them on this pullback. So total on GNC $1000 you know, not bad as it's a decent decent trade.

Not a huge winner but Green is good. So next one was see Net Now see Net we're watching partially because it's a stock that has had a history of you know, putting in some some big candles and so I was like alright it's definitely something I want to try to keep an eye on. Pre market high was right around 460 and so in the bell rang and it started to pop up. I tried to get in 450 I did not get filled on my order which was disappointing.

So I tried to get in at 450, no fill. it tapped 480 and then pulled back and I ended up getting in for a scalp trade at 472 474 471 it popped up to 480 at 480. There was a 60,000 share seller and I was like well, that's no good So I put my order at 79 to try to sell right underneath him and I filled six thousand shares. the rest I sold at 76 and 70 so it ended up being a four hundred and fifty dollar winner which is okay, but my target was five dollars.

So as soon as I saw that big seller I was like now I'm getting out of the way I'm not gonna hold this. it would take a sixty thousand shares of buying volume for that seller to move out of the way and I just didn't see that happening so backed out of that one for a small profit. jumped into F Njn off the scanner. ten thousand shares on this one being a little more aggressive on size now that I had a little cushion on the day.

Very disappointing. Squeezes up all the way to a high. it's 265 comes all the way back down. It just did not hold up at all.

So at that point that's when I was like okay, this is a chop we're getting into a choppy market, lost 200 bucks on it and I sort of thought, well maybe that's it for me I'm not sure. let's just keep an eye on the scanners. Stopped out of that and then we had our con. Our con: hit the scans and this one we've traded a couple times earlier in the week because look at this big move Now this is the day.

it went from 238 all the way up to 536 so some great opportunities on that one. I Got in this morning as it was squeezing up at $3 and the thing is it squeezed and hit 314 3 something like that 310 and then it pulled back a little bit. that was on this candle right here. it pulled all the way back down to 296 and so I stopped out and then boom is squeezed up I ended up saying alright well I'll buy in the first one minute pullback which I did I bought right here at 20 what was a so first traders on our common in it three out at 3:12 3:11 the rest of 304 and then I got back in at 334 anticipating the first candle to make a new high.

Only took 2500 shares and it was a good thing because I lost 10 cents on it 250 bucks. So total profit on Archon $789 So you know a small winner I mean $789 is a great winner, but the way trading has been in the last two weeks, that's a small win. Right now that's a small win. it may be in two months that'll be a big winner, but right now that's kind of a small winner.

So next trade and I know we're gonna get spoiled with these this type of market because it's just like two thousand dollars here. two thousand dollars there. Next thing you know you're a baker and on the day so the last one was Led s let's see, let's pull this back. I was a little hesitant on it.

It pops up and it's halted on a circuit breaker right? So kind of like Oh RPN yesterday and on this one I said well what I'll do is I'll watch it and I'll let it pull back a second. So let's go. Let's actually look at the ten-second chart on this. I Like to sometimes look at the ten-second chart on stocks that moved really fast so you can sort of see what my thought process was because obviously we make decisions faster than one minute.

It's very fast. Okay, so here we go. It resumes from the halt and taps 520 was at 525. It then pulls back and as it curls back up I Knew if it broke over 525, there was a good chance that it would.

it would continue higher. The thing with the stocks that are halted is we let them halt. That's fine. whatever.

if they open, they drop down when they come back up through the halt price, they often squeeze. If they open a lot higher, we do the same thing. let it pull back and then get in for the squeeze back up. If it opens high and just continues to surge straight up, it's hard to get because it's so extended.

so on this one. I let it pull back and as it started to curl back up. Boom! I Got in right here at to do 5:19 I wanted 7,500 shares at 519 I only filled 2600 so I got a partial fill small size which was a little disappointing. It immediately pops up to the half dollar and I sell half at four Five Forty eight.

So I sell half up Thirty cents. Remember thirty cents was seventy-five hundred shares. Two thousand dollars. So I really I missed a lot of profit because I didn't get filled.

It ends up hitting 72 and then going all the way up to a high of 94. I Sold at 61 and 8888 was my best exit. so you know that could have been and this could have easily been a five thousand dollar day if I had gotten filled on my full order on L.e.d.s That really was the difference today between having three grand and having five grand is and that's the luck of the draw. You know you placed your order, but when stocks are moving really fast, the problem is my order was at 19, 21 and 21 so in you know a fraction of a second it went from 19 to 25 and to 30.

And yes, if I had used a market order I would have gotten filled but I probably would have gotten filled it 30 or maybe 32. And if I had 7,500 shares at 32 instead of 19, you know that changes my risk profile because all of a sudden I'm in 15 cents higher which was 7,500 shares. you know, almost a thousand bucks or more than a thousand bucks. So then if it popped right, dropped right back down to 19 or to 10 I'm down fifteen hundred.

You know that that's where it's a problem. So I used these limit orders because I know if I'm getting in at 19 my stop is you know the whole dollar so that's very controlled I understand that maybe my stop is ten cents, but if I allowed market order to just get me in at any price would cause increase the risk quite a bit on that type of trade. So you know that's a little bit disappointing. But finishing with $3,000 so that means tomorrow morning I'll be opening above a hundred thousand dollars in this account.

Now this is the account that I started beginning of the year right around 33,000 Told a profit on the year as of right now is sixty three thousand, six hundred Eighty Two dollars, and Fifty cents. Total profit in my account that started with $583 is three hundred ninety nine thousand, one hundred Fifty Four dollars, and Sixty Eight cents. So I'm hoping tomorrow is the day, a break over four hundred thousand dollars and I'll be 40% of the way to a million dollars Forty percent. I mean I've still got sixty percent to go, you know? I'm not quite halfway there, but I'm getting closer.

I'm hoping that I crossed the halfway mark by the end of Q1, so you know by the end of March I mean that that would be kind of my goal. But you know that would mean I need to make $160,000 in three months. Those are going to be have to be three really, really good months for that to happen today. This has been a great month so far, but you know you can't can't count on it being that good because there will be times for sure when things are a little bit slower.

So one of the things I encourage you guys to remember is yes, we're having a great month right now. but just because you make a lot of money in one month doesn't mean you should go change your cost of living to the amount of money you've made in a really good month. Because there will be a slower month. Maybe you know, a month from now, maybe six months from now.

And so these big months have to tide you over during the slower months and then at the end of the year, you look at your average. So for me last year I averaged Let's see, let me see if this will show me. I averaged thirty thirty thousand eight hundred dollars a month which is great. So that's a good average.

So even though I made $80,000 eighty-four thousand of my best month, I shouldn't increase my cost of living to eighty four thousand I should increase it just my average or you know, below the average. So you're saving money. So you know for me, that's $30,000 a month. Three hundred seventy thousand dollars for 2017.

So I would just keep that in mind that right now we want to really try to capitalize on this opportunity, try to build up as much profit as we can, and that way when things get slow, we're not gonna feel pressure. We're not gonna feel the pressure that we need to make this much money because you know cost of living is higher or whatever you'll feel like now. I Made really good money in January February March Things are getting a little slow in May and June is we go into the summer. It's alright.

I can step back a little bit I can slow down and not feel that pressure. So that's what the beginning of the year is all about. building up your cushion. Alright, so if any of you guys are a little behind on your goals or if your red, that's okay, there's there's still time to get yourself in good shape.

It's just a matter of studying, learn the strategy, learn the rules of the market, and then have the discipline to follow those rules every single day. Alright guys, so that's about it for me today. I'm gonna pack up my stuff and head down to LA for the rest of my trip here in California and that'll be heading back east over the weekend. Alright, so I'll log in tomorrow morning from LA Hopefully the Internet is top-notch and I'll be able to have some really great opportunities.

Finished up the week with another great day. That's the goal all right everyone. So I'll see you all first thing tomorrow morning right here in the chat room. Pre market analysis will start around 9:00 9:15 Alright, see you guys then if you're still watching, you must have really enjoyed that video.

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