All right everybody, time for our midday market recap. You'd be hard-pressed to try to wipe this smile off my face as I'm finishing the day with six thousand, seventy seven dollars and 26 cents. What a way to finish the week! Friday the 13th I was a little superstitious this morning I said you don't want to push it go easy and they really didn't I didn't push it at all I started with base hits and when you look at my P&L you'll see that even though I had one big winner, that was my last trade of the day. So my day began with a 600 dollar trade on Mark and then a $1400 trade on Pzr X 500 on ROK, a 470 on LBI X and a 3000 on NE te.

So I didn't even get aggressive until I was already up three thousand bucks and then I was like, well, you know at this point I've got a big cushion so I can get a little more aggressive and boom six thousand dollars going into the weekend. My account here on Monday morning is going to be right around eighty two thousand dollars and I started this week at I believe it was 68 thousand so that's a nice $15,000 week. It really can't complain about that. So as a result of today's great trading, my plans for the weekend can change.

I've got a big weekend budget, although probably not going to do that much. I was planning on cleaning out the gutters, so maybe I'll save it for my next trip to California I'm going to California next weekend or not this coming week. but next Friday I'm going to go out to California I'll be in the Bay Area for a couple weeks and I'll be there for Halloween and then come back east in early November So maybe I'll take myself to a nice hotel or something when I'm when I'm in California But why don't we go over the trades from today? Like I said. Nothing crazy, nothing high-risk just a couple of really good opportunities.

and I will say that my accuracy this week has been on point. If I look at my trades. Total trades this week are let's see right, around 26 and I had 23 winners, so that's 88% accuracy. Average winning trades 17 cents per share average Loser: 9 cents per share an average percentage gain right about 4% per winner average loser was right around three and a half percent per loser.

So positive profit loss ratio which is good. Great accuracy which is fantastic so that's all around a win. My last loser was on Wednesday which was, you know, a little bit of a bummer, but not a obviously not not that big of a deal since my last red day today is my 12th consecutive green day. since my last red day, I've made about $23,000 so that's a nice hot streak.

Now you know, obviously this hot streak will end at some point. I'm gonna have another red day, so let's say you know I'm making my way up green, green, green up 20,000 So how much can I allocate for the next next drawdown? I don't like to pull down personally more than 20% which is certainly a bigger drawdown then then some traders would be willing to take. and I'm not saying 20 percent of my total portfolio I'm saying 20 percent of the last leg up. So if I went up 20 thousand, I can give myself about 4,000 of pullback and that would be totally within the normal range of my trading.

So if I go up 20,000 and I pull back 10,000 I'm gonna feel a little bit like mmm, that was too much of a pullback. So I don't want that to happen. But if I have a couple of days where I lose 1500 I lose 1500, you know, whatever. I'm down 2500 or 3500 bucks over two or three days, that's totally within the normal Evan flow of my profit curve.

So anyways, right now we've got two and oh no, sorry, we've got two. Well, roughly two and a half full weeks left. Although I'm gonna be I think I'm gonna be out of the office next Friday for my California trip and I know I have another day that I'm gonna be out for meetings when I'm in California So I probably have ten more days left in the month if I can average. You know, even if I can just average $500 a day I'll that'll finish me on the month.

Well, right now on the month, I'm up 18 grand. So you know if I can get up to 28,000 or 30,000 this would be a really really nice month. But at the same time, even if I finished with just 18,000 if the next two weeks are a grind and now I've got the cushion and I can be totally happy with that. So as of right now, my small account that I started with $583 is it a hundred and fifty four thousand in total total profit and my net profit on the year is a hundred and eighty eight thousand dollars.

So a hundred and eighty eight thousand dollars. and today is the 188 trading day of the year. That means my daily average despite all the ups and all the downs is one thousand dollars and 64 cents. so not bad thousand dollars a day.

We've got about 250 trading days in the year, so that keeps me on track for 250k. although you know I I obviously have taken a couple days off and stuff like that so 220k maybe 200 30k is probably where we're will will end up. but you know we still have November December which last year were really hot months. the year before we're really hot months.

so hopefully we're coming into a really you know really great period of trading. So again to look at the trades from today. Started the day with Mark. Mark was on the Gap scanner pre-market but I said we have to be careful of it because of the fact that the last the last time it had a big gap up it faded.

the Gap got slammed back down. So you can see here this was on September 27th Gap up and drop back down here. We have the same thing today so I was watching this for an entry versus pre market highs but as it squeezed up out of the gates I took a scalp for an entry at the half dollar which is the same thing I did yesterday on INF I remember Ayan? excuse me INF I I was in the three to fifty sold on the move up to three so I jumped in this with seventy five hundred shares at 4:45 actually sorry, ten thousand shares at 4:45 and 446. A little more aggressive on this one and as soon as it got up to 55 and it started to look like there was some sellers I backed out I was like you know what? remember the last day it was it didn't work out very well I don't want to take a loss so breakout or bail out I got a little breakout not as much as I wanted so I bailed out so on that one I made six hundred and fifteen dollars which is six and a half cents per share plus or minus.

So selling at 53, 51, 50, 49 and then at 47. So you know. First trade of the day 600 bucks and that's all within the first one minute candle. Again, most people would be very happy with a $600 day.

Now someone earlier this morning and the chatroom mentioned I think he said he was up. you know, 120 bucks or something. So it's a good day since his daily goals 100 and just a hundred I think he's headed 140 dollars and his daily goals 100 and I was like look man, that is really good If you can do that consistently, you're doing a fantastic job and you don't have to push it any more than that. The reality is, five years ago, this might have been a $600 day for me when I was trading with smaller size.

right? There's no difference between a hundred dollars a day and a thousand dollars a day. Except that to make a thousand a day, you have to use a larger share size. That's the only difference. The problem is that if you try to increase your share size before you're ready, what it's gonna do is it's gonna change your emotions.

So while you're trading, you're gonna start getting more stubborn. You're not gonna sell your losers as soon. You're gonna end up with bigger losses because you're trading with big size and you see, you're up. You know, $1,000 You're gonna sell your winners a lot sooner.

And so statistically, your profit loss ratio is going to decrease if you increase size before you're ready. So that's the risk. But for the student that made 1200 bucks today and had it had a good solid morning or sorry I made 120 today in three four years. through increasing position size slowly, you know you can certainly get higher.

so it just comes down to making sure you're You're following the rules of the trade anyway. So mark that was the first trade: 600 bucks not bad. Second trade: Pzr x pz RX also on the gap scan this morning now this one I was watching for a gap and go trade. We had a pre market high of 64.

Note my entry was at 65 so I jumped in I Let's see I tried to get filled at 62 I filled some I filled the rest at 65 so I was entering For a break of the pre-market high, we pop up to a high of 89 I'm selling at 84, 83, 82 and I guess that was the rest down to 82. So 1500 bucks, 7,500 shares times 20 cents. not bad. I then tried to get in LBI X at 10:00 a.m.

at 2:50 which I told you guys about this one I didn't get filled on. That's why it is showing zero out of 2500 and it's red I had to cancel the order because I didn't get filled on any of it. So that entry that attempted entry was right. Oh sorry.

it was right here looking for the first 5-minute candle to make a new high and I was getting in a little early to anticipate that breakout. So if we look back on the 1-minute chart now, this is a stock that popped up you know, pretty quickly this morning and I didn't feel like I had a really an opportunity to get in it. So I was waiting for a pullback. We finally got the pullback at 10 a.m.

So this is where I wanted to get in I missed the entry of the half-dollar and so I waited for the first one minute pullback which was right here. I was willing to take this trade because it was the first one minute pullback after a fresh five minute break out. So the high was 74. So then I added at 69, 69 and 70 for the first one-minute candle to make a new high which was over 68 right here.

and then of course my target was high a day and maybe higher and it squeezed up from 69 up to 79 and 80. So I took my ten cents profit so that gave me 500 bucks with five thousand shares on. LBI X Not the biggest winner, but you know green nonetheless. Next trade was ROK a this one I was a little aggressive on and I was aggressive because I thought the setup looked really similar to LBI x lb IX big mover earlier in the week pullback day and then bouncing back up.

So look at ROK a big mover earlier in the week pullback day bouncing back up so I thought okay this actually looks very similar and what sometimes happens is when you have one stock that's going parabolic or that's really strong, you'll have a second and third stock that start to kind of move with sympathy. So it's this continuation and that's what I thought we would see I jumped in basically very quickly as I saw it doing a little one-minute micro pullback. so my entry was right on the one-minute candle here. entry at 30 I took 10,000 shares trying to be a little more aggressive at this point I had a cushion on the day and I was feeling like it was a good day.

pops up 243 I'm up 1,300 bucks. ended up selling as it comes back down here. so I only made 500 so only 5 cents per share. profit on on our oka.

so not a big winner on that one and at that point I was up right around $3,000 on the day and I figured that was it for me. and then all of a sudden at 10:30 any te is halted. Any te was halted at 9:00 sorry at 10:28 and at 10:28 news came out. So the news on this one which I have here on my this is just Market Watch Calm net America announces growth in North American Transaction Solutions segment.

So you know they've got a headline here that comes out right at 10:00 a.m. the headline comes out and immediately the stock spikes up and you know when that happens it shows either that algorithms or that you know traders are jumping on the stock and of course I didn't see it until it was already halted. but it was halted at 9:00 at 493. So now I'm watching, it's halted and I'm thinking okay as soon as it resumed I'm gonna look for an opportunity to jump in this trade.

it resumes. The high of the first candle was 586 I get in for a one-minute opening range breakout out of the halt which was buying for the break of 186 I used my hot key because I didn't even have time I was just it happened so fast I used my hockey boom boom and that was at 93 93 Tried to take 7,500 shares, only filled 3,000 All right, so only filled 3000 shares. It pops up to 624 624, 650 666 I tried to add more at 666 it's now halted on a second circuit breaker. The high was 663.

Okay, so now it's halted again, it resumes higher. It hits a high of $7 I tried to add at 7 I tried to add at 7 for the break of 7 and I got a. My order was rejected because or I got an error message or a warning saying are you sure you want to exceed your max position sighs because I have that setting in Lightspeed So if I go into light speed, you can create these these warnings. where is it? Just try and remember where these are.

Highlights: Design windows may be under trading Yeah warnings. So you can create warnings about share size. So I have warned at eleven thousand shares which basically is anything bigger than ten thousand. So this gives me the warning and it pops up and if you press ENTER it I believe.

When you press enter it says like do you want to go through with it and enter automatically is no so it doesn't let you just press enter. To go through that, you have to really actually say yes. So I end up not getting filled so it ends up popping up to seven Thirty-seven I sell at Seven Twenty Seven. Oh Nine Seven dollars actually hit a high of 743 which was really impressive.

So I'm selling as it's coming back down and then I decide to add back at 685 I added back at 685 because that was the first one-minute candle to make a new high. Anticipating the break over 690, we pop up to a high of 6:14 and so I'm trying to sell at 6:14 I end up selling it 704 or sorry 714 I ended up selling at 704 and 697. small winner on that and then I get back in for the break over 6 and 714 sorry 714 up here and we pop up to a high of 23. So on that trade I added back at 7:10 and I sold at 720.

tried to sell at 723 etc. So lots of trades today. definitely turned some commissions. Total trades: 52 total shares removed for liquidity 59,000 Added 28,000 in liquidity by selling on the ask.

So 52 trades times 250 per trade. you know those are my Commission's before the Ecn fees which would be about I guess well I removed fifty-nine thousand shares of liquidity. so I pay for that. but I get a rebate for adding liquidity.

So basically I'm getting charged for removing about thirty thousand shares of liquidity. but you know whatever, Commission's probably 250 bucks or something like that. Not bad for a six thousand dollar. so green is good.

This is a great way to finish the week again. I'm gonna start Monday up in the 80,000 80 mm range which is going to be really nice and making my way up towards 100k. so that's you know. that's kind of where we're at here at the end of the week.

Monday Actually, you know what? Ah, just I Just remember this: I'm gonna be out I'm gonna be out of the office on Monday I forgot about that So I'm actually not gonna be here Monday I I knew I was missing a couple days in October I'm missing Monday and I'm missing Friday because I'm flying to California So so I'm gonna miss Monday but I'll be back here on Tuesday Wednesday and Thursday next week. All right. So that's a little bit of a bummer, but keep an eye on John and keep an eye on Mike who will be certainly in the chat room on Monday and John will be trading the small-caps the same way that I do Mike will be trading some of the higher price stocks and we'll make sure we have the scanners up for all of you guys on Monday All right. So one of the things that I just I'm such a big advocate of is that you guys are not following me on every trade that I take because I want you to understand why I take the trades.

That's why I Spend all this time doing these midday recaps going through and really breaking down the trade so you understand it. So the next time you see a stock popping up like this, you'll see Oh, this is the one minute pullback and maybe you'll see Mike in the chat room or someone else saying watch the first one-minute Campbell to make a new high and it'll be a little reminder, but you'll understand the pattern and then you'll be able to take those trades on your own. And ultimately, that's the goal is to create a community of thousands and thousands of traders who all understand these setups and who are all profitable traders. So I hope that you guys are able to, you know, really embrace that.

And tomorrow or Monday when I'm out, take some trades that that are the same setups that I would go for. Okay, so that's it for me today. I Hope you guys all have a really relaxing afternoon and a great weekend and I'll see you early next week! Okay bye everybody! Oh hey, see there While I was just working on the dream board for my next home run trade. Hopefully it comes soon.

Until then, make sure you subscribe to get email alerts anytime I Go live or upload new videos. Until then, Happy surfing.