Alright guys, so let's do our midday market recap: I Know it's only 10:30 but I'm gonna throw in the towel here today with five thousand, one hundred eighty Three dollars and twenty nine cents. What a way to finish the week that is Really? I Mean it can't really ask for much more than that. I Started the week on a really kind of disappointing note with a technical error that cost me four thousand bucks losing my internet connection in the middle of a trade. So luck of the draw.

It's disappointing and frustrating, but you know it's one of those things that sometimes happens so that put me in the red on the week right away. and I've had to spend the rest of the week getting myself out of the hole on Tuesday I Didn't take any trades I didn't see anything that was worth taking so no trades on Tuesday on Wednesday I Made five hundred twenty-eight dollars yesterday I lost three hundred on two day trades and I was up eight hundred on a swing trade which ended up getting stopped out with only two hundred dollars profit. So yesterday I lost one hundred twenty eight dollars and now today on day one hundred and fifty to one hundred fifty second trading day of the year, I'm up five thousand, one hundred eighty three dollars and twenty-nine cents. So remember yesterday when we talked about the importance of number One being patient, sitting tight, waiting for those a quality set ups and then when they come getting aggressive and that's what I did today Now on RT and B This is the stock.

This is the only stock I traded today I didn't I you know saw other things I was thinking about trading you Vxy but I didn't you vxy a course would be trading against the market going down I just stayed focused on you know, looking for you know just one one good opportunity and I said I might not trade today because I just you know it's Friday I haven't had a very good week I'm getting a little frustrated I might just not trade and then all of a sudden we see on the scanner RTN be hit at 9:42 and when it hit I was like hmm it's a dollar three I don't know and then I saw I go to a dollar seven and I was like okay, well hold up that's going from a dollar three to a dollar Seventeen is significant. That's a pretty big move. So I was like okay, this thing is moving quickly I need to pull it up I pull up the chart and the first thing I see is this beautiful daily chart. If this is the daily chart of my one of my swing trading setups which is buying stocks that are weak off the low, this is the same setup we took on me yesterday.

You can see meat here on the daily chart now. meat was a great trade at 51 with 4,000 shares and it moved up to 70. So I was up you know, 20 cents, eight hundred bucks. That's a solid trade.

Maybe I should have taken the profit halfway there. something. I thought though that it had room to keep going. So anyways I love that setup.

it's the same one we traded on zy any last week on this day here and then this is the one that we saw as well. So when I saw that on RT and B I was like we got an equality set up daily set up. Now that's in contrast to when I see a stock hit the scanner and I look at the daily setup and I'm like mmm I don't see anything because it's it's cheap and I don't like the setup and that makes me just not very interested. So once I saw that setup I was like I love it.

This is exactly what I look for I'm gonna try to jump in I saw a little micro pullback right here under 120. popped up to 124 and pulled back just for a second and I'll show you guys let's see the screen here. So that was that little pullback and I saw that and I was like you know what I just got to jump in and I can't be afraid to be aggressive. So let me just drag this up here and this is halted again right now at let's see, it was halted at 194, it's still running I mean it's still showing a lot of strength so we'll keep this on watch even as we're doing this midday recap.

But in any case, I was like this looks good so I jumped in 5,000 shares at 125 thousand at 1:22 and another 5,000 at 125. so you know I I stepped up to the plate on this one and you know what? This was risky in a sense because do you guys may remember one of the last times I stepped up to the plate like this on this price range? Let's see I'll switch this around. The last time was let me scroll up a little bit. That's right, it was BD r BD R and what happened was on this one I jumped in at 117 with 15,000 shares 117 it pops up to 1 I don't know 129 and then it drops and it dropped fast and I lost $7,000 on it and I was not happy I was very frustrated and the reason I was aggressive on that was because just earlier in the week we had seen an awesome setup just like our Tnb that we see today and our Tmb looks like it's going to be halted again.

This thing is just going parabolic. I'm not going to beat myself up for taking my profit on it because remember what happened on GD Glt It squeezed up and then what happened? It got halted on a T12 circuit-breaker pending pending and basically they want news from SE from the company. The SEC wants news from the company. Why is your stock up 300% I Don't want to get caught in RT NB Even with 3000 shares, you know I Just don't want to get caught with 6000 dollars that I'm holding now until it resumes.

DGL T's got a lot of people trapped right now. There's a lot of people that are long and short this stock that can't get their money out until it resumes. So I'm going to take the approach to take the money and get out of the way. I'm going to be, you know, one of the first ones in with a really good average and I'm not going to overstay my welcome.

I'm going to be quick to take my profit out of the market and now I've got $5,000 and I'm going to protect it. I Really encourage you guys to have that same attitude and it doesn't mean that you can't. You know, maybe scale out a little bit of profit on the way up here if you're still holding, but just know that this is going to start to raise eyebrows. What's going on now? Remember the resistance point that I called out was 229.

That was, it was 230. It was right around the nine moving average and right now we're halted at 210. My entry at 122 I mean we're up. We're going to be pushing a hundred percent off that entry and it's going to be I mean that's pretty impressive.

there's no doubt about it. So sure I could kick myself and say dang it I should have held it longer, but if this gets halted on T12 circuit-breaker halt I'll be thinking dang it I should have taken the profit and if you have that attitude, then basically you're you always are a loser. You always lose because you lose because you sold too soon. or you lose because you held too long.

So instead pat yourself on the back when you take some profit. Be grateful that you had it. and remember that if you're green today, you're doing something 9 out 10 traders can't do so. just walk away green and you know what we'll see.

We'll see another one of these come around. We'll see another one, you know, next week, next month they'll keep happening. So anyways I got in at let's see did you turn this around? so I got in at 120 to 15,000 shares which is a little aggressive I added at 146 for the break of 150 got myself up to 16,000 shares I tried to add at 132 and I didn't get filled I tried to sell at 156 or 155 I didn't get filled I finally sold 5,000 shares at 159. Oops.

So I started scaling out a little bit 5,000 shares at 159 and then I started having some difficulty I tried to sell at 62 64, no fills. finally filled a little at 65, so that got me down to only 6,000 shares. We dropped down I tried to sell at 40 and 38, no fill. end up trying to fill 49 I filled a thousand and five shares filled a little more thirty-eight and at that point I was out of the trade.

Bailed out completely right here 37 36 I then got back in at six, tried to get back in at sixty I didn't get filled, tried to get back in at 68 I got filled I sold 2,000 shares at 86 I sold another I tried to sell 500 shares at 91, didn't get filled, sold the rest at 78 and that's how you get five thousand, one hundred eighty three dollars, and twenty-nine cents. So we're halted right now again on a five-minute circuit breaker. Hall You can see the halt time was ten, thirty two, and twenty-five seconds. That means it will resume around ten thirty seven.

So we're sitting right here at 1036. We'll expect a resumption. This may go parabolic. Maybe it'll go up to 250, maybe able to go to three dollars, and it's gonna do that without me, But if this gets halted on T12, I'm not going to be in it and I'm not gonna have to worry about losing 50% of my of my capital because it resumes.

You know, a week later With you know that a 50% loss and you know that's what we've seen with these with a lot of stocks that get halted on T12. DGL Why KBI Oh, there's a bunch of others. DG LT is still unknown. it's still halted and so you've got a lot of people who have their capital tied up in this trade.

They can't do anything I mean they might have margin calls and they're just sitting there waiting. So I know that's frustrating I've been fortunate knock on wood that hasn't happened to me, but it's partly because I take this approach of knowing when to take my exit and say I'll let I'll let guys play with this that they want to get aggressive and I'm just gonna be feeling good that I got that good entry early on. All right, so that's about it for today. You know that's a it's a really nice mid day market recap.

I Always loved having a big green day and it's great finish to the week so I'm just happy for that. It puts me up about a thousand on the week which is good. So really that in one day really just totally turned around my month. In a lot of ways, this has been a pretty slow month, so boom just added five grand of profit to to the month so we've still got two full weeks left.

I'm going to take the same approach looking for a quality set ups on Monday I'll start putting you know, putting out my swing trade watch list the stocks I'm watching for swings, not taking any swings here going into the weekend I Don't want to do that, but starting on Monday we'll see what we can find. Ok so I hope that you guys are going to keep trading trades smart. You know? remember how much you're risking on these trades, Try to finish the week you know in good shape and just remember Green is good. Ok, so that's it I Hope you guys have a great weekend and I'll see you first thing on Monday morning.

All right bye guys! Oh hey I didn't see you 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.