Hey everyone Alright so we are finishing up the week here and this was a crazy day. It did not go the way I planned at all. So the good news is I'm finishing the day up over nine thousand dollars. The bad news is it was really choppy so we're gonna get into it in the midday market recap.

but I just want to talk a little bit about the ups and downs. I Went through today, but first let me just grab a quick drink. Tastes so good but it hits your lips Alright so what happened today? Well I started the day with a really small trade. a small winner, only six, seven hundred bucks and I thought okay, you know this might be a little bit of a slower day and you know what's interesting yesterday is I missed a huge move in the afternoon on CNET CN et went from four dollars to like eleven dollars a share and I missed the whole thing Now obviously I don't trade in the afternoons and I've proven that you can be a very successful trader trading just two hours a day, two even training just an hour a day and I just don't trade the afternoons.

As a rule of thumb, it's when I work with students and I do other things. but I couldn't help but feel a little FOMO because I missed this big move. So this morning I was watching see net for possible continuation and I was noticing that there were several other Chinese sector stocks that were moving up pre market. So I thought, you know this might be a day where we see some really good opportunities and I ended up jumping into a couple of the stocks that were moving really quickly and by 9:45 9:40 I was up almost six thousand dollars and then I saw another stock hit the scanner I jumped into it I got in I was up another $2,000 So I was up about eight thousand nine thousand dollars on the day and this stock squeezed from like 270 all the way up to four dollars a share and I added at four dollars because I was like this thing is just it's exploding So I sold and then I added back I got didn't even higher and then it dropped all the way back down to three and I lost all what I made I lost the $2,000 I made plus another 6000 and all of a sudden like that I went from being up $9,000 on the day to being up only 650.

My day is starting over and I had to be really mindful of. okay, obviously I want to get myself back into the green? Yeah, well, I'm in the green but I want to get myself back over my daily goal of a thousand and to really like to get myself, you know, back up well into four figures. you know, three, four, five thousand. that might not happen I might not be able to do it and I was fortunate that we ended up having some really good opportunities de lt a huge move a couple others and I rebuilt I was able to get myself all the way back up to 5,000 6,000, 7,000, 8,000, 9,000 dollars.

But in all of that trading, the Commission's add up I added up. With all that trading, the Commission's added up. so I'll tell you. Well, I'll save it for the midday recap.

What do you think? my total Commission's are for the day? It's a pretty big number, all right. So let's jump in and go over today's midday market recap. Alright everybody, so time for our midday market recap. We're gonna go over the trades from today.

A crazy day, not the day I was expecting when I you know came up to my office this morning. but all's well. that ends well. Finishing with let's see, let me scroll this up for you.

it's 9741 dollars and 84 cents. Green is good. $22,000 profit in the last four days. So daily average five thousand, five hundred, forty nine dollars and twelve cents.

Five thousand dollars a day times two hundred fifty two trading days. That would be a million dollars. but I don't expect to maintain that average. What I would like to do is increase my average that I had last year here in seven in eighteen.

So last year my average was one thousand six hundred and sixty four dollars per day over the course of 236 days and that equals a total of 390 mm. Actually, no, sorry. I'm gonna have to update this because this is showing my profits here from this year, but you know it must have been three hundred and fifty thousand or something like that. So you know if I can get my average up to maybe closer to, you know, twenty-five hundred a day average? Let's see what would that look like? Um, let's get out the old calculator twenty five hundred times? Well, 235 that be five hundred eighty seven thousand.

I mean I I could live with that, right? That'd be pretty good. So that would be about a 50% increase versus my current average over the last year. But I Think that that's not impossible, so you know it just comes down to, you know, seeing if in it, seeing if we have good momentum I Mean that's that's really the question. Are we gonna have really good momentum or we're gonna have great opportunities? or is this going to be? you know, a year where we have a really slow summer and we've just got to kind of deal with, you know, the Grind because that's what we have last summer.

We had, you know, six months of having to just grind on small numbers and that really slows things down. So certainly my hope would be that I can be averaging closer to 2,000 2,500 a day. But you know on the one hand, I'll say sure I can do it with days like today. On the other hand, I'm saying I can't do it if I keep trading like I did today because I started the day with a couple of good trades I was up nine thousand dollars on the day and then I lost eight thousand I went all the way down to being up only six hundred and forty bucks thanks to CCC L it's not things to CCC yell, it's thanks to me.

It's thanks to me being too aggressive. So I gave back my entire morning and had to start over. So let's see where was that trade? So my very first trades: GIH this morning China stocks trading the sympathy riding the momentum. You can see these had some good squeezes right out of the gates break of pre market highs from three dollars all the way up to a high of 475.

So on CCI H I've got five thousand, five hundred, fifty one dollars of profit. Not bad right? So let's back this up. Look at the chart you can see right out of the gates just squeezing up. I jumped in this first at 3:30 and then I got out, then I got back in at 390 389 and I was selling at 356 3 sorry 456 457 getting back in at 4:30 selling at 450 I mean I was just riding this momentum.

It was awesome so you know built built up my cushion that was up five thousand dollars right out of the gates on CCI H I had a small trade on see NIT I only made 246 bucks so really you know Basically at that point I was in good shape took a trade on Craig I jumped in it 3:45 this is another China stock so today it was all China stocks. just kind of funny. So Craig squeezing up I jumped in it ended up making a little bit of money on that 1700 bucks. solid.

And then here comes CC CL I see it hit the scans and I'm like okay I know the name I know the routine Craig CC IH see you know CC C al it's another China stock I'm jumping in Alright so I jumped in at 3:30 it had already popped up quite a bit and I thought okay, this could get halted on a circuit breaker but I'm gonna jump in here at 3:30 so I'm long at 3:30 adding it 343 squeezes up loops, squeezes up to 370 I sold half and then I added back in four cuz you know I was kind of like why not look at this thing it's it's just going parabolic. can hit a high of 428 I thought it was gonna get halted, maybe resumed at $5 or something like that. It ended up turning around and coming all the way back down to 269 I stopped out at 286. So the problem was I had 10,000 shares at an average of 368 and so you know that that hurt.

That was a big loss and you know it's one of these things where you get into the heat of the moment and you're seeing the opportunity. You're seeing the green and you're just pushing it and look at how quickly things can turn around. you know this. just it turned around real fast and I stopped out on this candle here.

so I pulled back I gave it a second to curl back up and then I had to stop out so that was disappointing and I just felt like you know I pushed it too hard I was being too aggressive I was worried about this type of thing happening because we saw it yesterday a little bit on Gbr. you can see here on this pop. we saw it on cone. we saw it on and so you can see right here right there we saw it on C PAH so I knew it was a possibility and I just you know I pushed my luck and I got slammed back down.

So at that point here at 9:45 I basically had to start over so I started over, got into another trade on Craig Road this momentum up to a high of 4 on this one I had you know 10,000 shares. was looking for a nice big break. didn't really get it stopped out. Then we have dealt squeezes up gets halted on a circuit breaker.

you know. And here's the thing. what happened with dealt is really what I thought would happen with C CCL but I was wrong. So anyways made it back I guess on Del $6,500 this one popped up.

It hit a high of 260 I was in at 240, selling it to 59, getting back in at 258, selling up at 307 300. Know this was a small trade here on CN TF jumped into it off the scanner, lost 700 bucks. still focusing mostly on doubt you actively trading it, getting in, getting out and you know I was able to make it back. Quick little trade on ye Co hit the scanners quick little trade on HT GM also hit the scanners so you know I was able to be aggressive and get myself back into the green today, but it really wasn't easy.

A lot of fake outs y ec o fake out HT GM look at this all the way up to here and then all the way back down. So just kind of a tricky day and you know if you got on the wrong side of trades today was not fun. So CC CR Joseph is saying at the open yeah I saw that one as well another China stock and I squeezed there. So you know what? We're in a market where we're seeing opportunities, but we also have to be careful about FOMO the fear of missing out chasing these stocks too high trying to swing for the fences.

You know it's I Think that I'm I'm trying to get myself on the leaderboard and you know, in good shape for the year. as quick as I can. And the reason is because for me, you know this this time of the year is kind of uncomfortable because I'm You know the first week is sort of like you're you're starting from zero. you're starting over I mean you're literally starting over for the year and so there's that feeling of like I need to get myself into the green as quick as I can you know I need to get myself so I've at least have some comfort on the year and so this is an uncomfortable feeling.

What's the best way that we can alleviate uncomfortable feelings? Well, in this case, it's to make as much money as quick as I can and so that's gonna make me even more aggressive at times at the beginning of the year and at the beginning of the month because I want to build up my cushion as fast as I can. But just like Dennis says base hits, you have to focus on basics because you know we're in a market right now where you can get away with being a little aggressive. but we will find a time where the market slows down and we cannot be aggressive. If we're aggressive, we're just gonna be giving up money, giving back profits left and right.

You'll have to wait for the pullbacks. You'll have to be patient and you know that time will come. but you know right now we are in a little bit of a market that allows us to get away with breaking some of the rules and being too aggressive. And you know when you have stocks like C net yesterday that go from four dollars to eleven dollars I mean you get away with chasing stuff because look anywhere you chase this, you made money anywhere in this area and that can be a little bit of you know a blessing and a curse that yes it's nice that you make money and you can be aggressive, but the curse of is that you kind of start to learn and reinforce bad habits being a little too aggressive.

So I guess the important thing is knowing when to throttle up that risk, put the pedal to the metal and be aggressive and when to taper it back and that's the thing that even I struggle with at times I you know will continue to push it a little too hard and usually my rule of thumb is I push it until I start to get a little burned. so I get you know it's close to the fire as I can and then I start to really feel the heat I step back and so today it just it came up on me fast you know I was having a great day and then all of a sudden it was like you know, boom there's there's a blast and I'm just lost eight thousand dollars of profit and it's disappointing that it came up on me that fast I wasn't expecting see Ccl2 squeeze up as much as it did and I wasn't expecting it to drop as much as it did it just it sort of surprised me on both sides and when I was in it at 68 all of a sudden the bid dropped down to like thirty and so I the bid was like 30 by 60 and that's when I kind of was like you know, uh-oh this might get nasty and and it did. You know it could have gone back up but it didn't and it went the other way and so you know that's usually the time where I start to step back the trades after it, you know I on Craig I felt okay on that one because it was showing some really good strength. It was also a China stock.

so my entry on that in the 60s I thought was it was a decent entry for a pullback trade. you know ended up doing a one-minute pullback here. You know from 68 to 97 was good and you see I didn't start with 10,000 shares, I started a little smaller on the size and I was like I'll just keep adding 2,500 shares like every 10 to 20 cents and I'll get myself up to 10,000 with a good cut with a good cost basis. but you know it ended up not continuing.

I Tried doing the same thing on Dealt my very last trade of the day I got in dealt at you could see here at 3:14 it's a pretty good entry that was right in this area. so I'm in at 3:14 I added 3:20 I add more at 3:50 and I was gonna add more 375 and more at $4 I Was prepared to get myself up to 15,000 shares on this because I knew by the time I had 15,000 I'd already be up like 50 cents a share, I'd already be up 7,500 bucks and then if it squeeze over 4 into another circuit breaker Hall and opens at 475 or 5, it's gonna be a $15,000 winner and it was on the house at that point cuz I was already up 9 grand. So by the time I'm adding up here, what I risked was the profit from those early shares at 3:14 and so I ended up you know being up another like 2,000 bucks on these 5,000 shares from 419 and I didn't sell them because I was trying to roll that into a bigger winner and again, you know that's kind of the base hit versus. you know, swing it for the fences.

but I suppose on the day when you've got this many big green names on the the positions board, it's a good indicator that it might be the type of day that's worth being a little more aggressive and taking a little bit of a bigger stab. And you know with the halts, that's a good question. you know. see net not getting halted yesterday Honestly I don't even I don't really know it's it's sort of a mystery.

Why Why didn't this get halted? Why didn't see see see I'll get halted. It's used from 250 all the way up to 428. I mean that's like a hundred percent squeeze and it didn't get halted? That's a little strange I don't I don't know. It might have been something to do with the spreads being bigger, but the spreads were normal on CNET so it's just kind of a mystery.

Delt you know it popped up here I was watching it. it got halted like right away at a dollar fifty seven. So I don't know it's you. You try to understand the rules and then the rules change or you know they're different for different stocks and so we were left scratching our heads sometimes.

But in any case, that approach of you know adding every ten to fifteen cents can work on stocks like you know like Dell that go parabolic like C net. but then you know you just have to make sure you set your stop at breakeven so on doubt my new average was for was 325 and so I stopped out at 331 and 321 which meant I actually made only one cent per share. but I was able to stop out break-even. so, that was a ten thousand share position that I had a break-even stop on right so stops breakeven Hey if this thing goes a 50 cents or a dollar per share, that's five to ten thousand dollars of profit.

If it stops me out, break even so, be it. I'm still walking away with almost ten thousand dollars today. So now the big. The big question.

What are my Commission's today? Over $700 isn't that crazy. $700 I've got a hundred trades here, so you know the hundred trades. that's not that bad. So ninety-six trades times 250 per trade and as 250 bucks.

so 96 times 250 at 240 bucks. and then I've got a hundred and sixty six thousand shares where I removed liquidity and eighty thousand where I added liquidity. So when you add liquidity, you get a nice en rebate. When you remove liquidity, you get charged for it so you know probably I guess I'm you know averaged around probably a hundred thousand shares of of liquidity times point Zero, Zero One, Five, one hundred fifty bucks, it's gonna be higher than that.

I mean I Just know it'll be higher than that. It's probably gonna be because you don't get as much ecn rebate as you do pay when you pull the quiddity. So if you you get about half back, so probably my net is like a hundred and forty thousand shares and you know, three hundred bucks of Ecn fees so you know it's So that's the downside of being as aggressive as I was. But you know, obviously I can afford it today, so hopefully tomorrow or Monday will be a little bit smoother and I can just get in, get a couple good trades, and get out.

Total number of trades today is I'm looking at 13, but I was Green on 11 out of the 13 accuracies 84% so you know that's not bad. Green is good and that's a good way to go into the weekend. All right guys. So anyways, solid day of trading.

solid week, good start to the year. We've got twenty two thousand dollars of profit. That's when I'm sitting on right now and just gonna keep building it up. see what we can do for the month of January But right now it's feeling like this could be a really good month.

So let's try to capitalize on the momentum knowing that it will have to tide us over until you know the inevitable slow period that will come at some point. Alright guys, so I hope everyone has an awesome weekend and I will see you all first thing Monday morning back here for our pre market analysis at 9:00 a.m. All right I'll see you guys then if you're still watching, you must have really enjoyed that video. So why not subscribe and get email alerts anytime? I upload new content.

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