Alright guys, so for those of you on Youtube just getting logged in here, this is my midday market recap. You can see finishing the day up 1815 dollars I traded one stock I Kept it simple today. you could see these are my order entries: I Got in with 5,000 shares at 250 I sold 5000 at 269, 2500 at 267, 1250 at 269 and the rest coming back down. So a decent trade will go over the whole thing here in one second so you guys can see it s ng X In total it was a 9 minute long actually I was all out by what was it? Nine Thirty nine.

So nine minutes into the day I had my daily goal on SMG X So let's scroll this back a little bit. So this was a stock gapping up. Had an eleven dollar price target out on it this morning, so that was our catalyst that was driving it up higher. It was on the watchlist.

We were watching it for a gap and go. It pops up, it starts to curl it. it pops up pre market consolidates and then when the bell rings it pulls back down. It does a little red to green move I didn't buy the red to green move I let it pop up.

It hit the half dollar and as it pulled back off that level as volume was increasing I got in at 250, pops up to 67 to 67 and then does a one-minute false breakout. This false breakout here is where I ended up selling, it popped up to 74 but then it didn't hold that level and as it came back down I bailed out the Consolidated sideways, came back up to 267 and then all the way up to 280. But it didn't really hold these levels and ended up coming back down. So you can see on this one your opportunities were fairly short-lived You had a little opportunity there and you had a little opportunity right through here, which I didn't take, but you had two small opportunities.

Neither of them were really well sustained moves. So although it wasn't the easiest with ten thousand shares, I was able to do fairly well. So in 250 stop on, this was 240. so about 10 cents top roughly and we got almost 20 cents of profit immediately, which was great.

And then we got that little pullback consolidation. I Was hoping for a test of three dollars and I knew the back of my mind Target on this would be the 200 moving average at 339. so that's sort of what I was hoping we might see, but you know, obviously we didn't get that far up. we didn't go that high so you know just something to be to keep in mind the resistance around the 200 moving average back of the mind Target, but we don't always get to the top.

So that was Sng X1 Trade Entered with two orders sold with one two, three, four, five orders. So total of seven trades today times 250 a trade. Not bad. Commissions are pretty reasonable.

so overall a good start to the week. I For sure would have loved to seen another opportunity pop up right away turn this into a four or five thousand dollar day, but we just didn't see that the other stock that was on watch this morning was see Bay CBA Why? but this one? I Felt very nervous about because right pre market it was consolidating around 650 and then suddenly it breaks and squeezes up to 740. It looks great, looks like it's going to be a good opportunity for a move up to 8, maybe higher, and then it drops all the way down to 650. It drops all the way back down.

so that made me feel like I'm not going to be able to trust this. The bell rings, it pops to 614, 714, back down to 690, squeezes up to 777 and then drops back down under 6. So just a wild range. Lots of hidden sellers on that one where you would see a lot of buying it levels like 724, 725.

Lots of buying, lots of buying, but the stock doesn't break. It doesn't move higher so someone unloading some pretty big size on this one. It seems like and now it's just fading a little bit. So one of the things I mentioned is that this is not my favorite daily setup where the stock has been moving up for a long time and it finally gaps higher.

It feels like that's just sort of this final blast as its way extended ends up being this like a shooting star this sort of island way up there and then the stock comes back down. I Prefer setups like SN GX that are curling up off the bottom, those seem to be much more powerful. You have this long period of consolidation and then when it starts to move up, traders look at that and I look my downside risk is only to the low of the pullback. It's really not that far relative to the upside potential and move up to the 200 or maybe even higher.

So for that reason I really liked S. Ng X wasn't as crazy about TB see Ba y Tem you also was on watch this morning but didn't end up having good follow-through just sold off a couple others. SPE X was also on watch, but it didn't end up giving us a decent opportunity either. So not really the most exciting day, but one trade daily goal so that puts me at 1,800 15 dollars on day 131.

Today's my third consecutive. Green Day In the last three days, I've made three thousand, two hundred ninety one dollars so not bad and I had my red day and now I'm getting back on the horse moving my way back up. I'm definitely hoping that we see some really good opportunities this week. Tuesday Wednesday Slowing down a little bit on Thursday and Friday and then get back into it Monday Tuesday Wednesday of next week.

So you know the first half of the week is when we see the best opportunity. That's usually when things go really well and we see good opportunity. So I'm hoping that we'll see that both this weekend next week. Okay, so that's about it for today.

Like I said, not a lot to go over just one one trade but only takes one. Alright, so Mike sure. so my entry was at 255 thousand shares. All I did was type in 5,000 shares right here.

like this with an entry at 250 limit order might have been at 254 I don't remember, but whatever. 250 when I saw 250 on the ask I press it once I press the second time boom boom I'm in the trade I scale in just with smaller orders I just feel a little more comfortable doing that I could have also pressed it 3 times if I felt more confident or even 4 times but they didn't I only pressed it twice so added 2500 out of 5,000 another 5000 we pop up to 67 I'm holding waiting for the first one minute pullback and that's where I wanted to start taking some profits. start paying myself a little bit because you know I how many times have I said I was up two or three thousand dollars I didn't take the profit. ended up turning into a loss so I was like I'll sell half around seventy and it pops up to 74 and I wanted to sell on the ask I was hoping it would squeeze up to like 78 or 90 but then I started seeing some selling and I said you know I'm just going to hit the bid So I sold on the bid 5,000 shares on the bid to 69 and then I see it starting to sell and I was like I'll sell another half at 267 just sell another half So I basically sold 75 hundred shares right away.

then I sold another half at so each time I'm pressing ctrl X sell half half of 10,000 is 5,000 so I sold half half of 5,000 is 2500 sold half half of 2500 is 1250 I sold half half of 1250 is 625 I sold half and then I finally just sold the rest at five at a to 59. So that was the way I scaled out half, half-half and then full and that I think I'm this one was probably the right move. It did end up going up to eighty, but it didn't hold that level. so just important to remind yourself to pay yourself.

Take the profit when you have it and that's what I did today. It's the beginning of the week. I'm still trying to rebuild after a red day last week, so I'm definitely in the mindset of take the profit when I have it all right? But SN GX With that eleven dollar price target gapping up with the Catalyst, it was on our watch list pre market, it made sense for an opportunity. I could have gotten in on the red to green move as low as about thirty-eight I didn't get in that early.

There was enough volume, but once volume started to come up at 45, 46, 47, 48. that's when I decided to punch the order at 250 for the break of the half dollar. Alright, so that's it for today. Hopefully that all makes sense.

If you guys have questions or comments, you can put them those of you on Facebook and YouTube in the comments and I'll come back and answer them later. 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.