Okay, so for those of you watching on YouTube just jumping in here for the midday market recap. So like I said, I was fully prepared not to take any trades today I wasn't seeing anything that was very good on the Gap scanners. If I pull back the charts here and show you the Gap scanner from this morning and then I go right, click and I choose let's see historical time and I scan at 8:58 46 a.m. This is what the scanner looks like.

It was all heavier float stocks, lots of white and this is not the type of stuff that I like to trade. I look for the yellow and there wasn't much in the way of yellow on the scan today. so that's how I knew right away pre market this was not going to be unnecessarily make my go today. You know they're probably not the day that I would have a really big winner.

but then all of a sudden we had the NPI to the scanners. Now when it first hit the scanners, it was at $1 Souza $2.15 and I was like okay, you know, $2.15 It's a little on the cheap side, it's just starting to pop up. It looks interesting, but I'm not sure there's going to be really anything there to trade, but I check the headlines on it. Why? Because there were two three things that I liked right away.

The first thing I liked was the daily chart. This had room up to 247 which is the 50 moving average. above that level room to 375 which is the 200 moving average. And we have this little gap right here on the daily chart from about 320 to 375 at the 200 and the gap goes all the way up to 401.

So when I saw that I saw this has a good daily chart. Number one, number two I can tell just by looking to the name of the stock, its pharmaceuticals and the IBV has been really strong. So I'm thinking sector strength. This is a stock in a really strong sector right now.

Look at the IV be from 294 dollars all the way up to 321 in the last four trading sessions. It's a really big move. so it's have a strong daily chart is a pharmaceutical stock. so it's in a hot sector and the float is I think it was nine million shares so it's a relatively low flow stock.

Now the next thing I need is news because that's what got me yesterday on Dr. Am. I jumped in DRAM and there was no news on it. Having said that the yen on Monday had no news and went from you know, $2 to $5 So it doesn't mean you can't have a great trade without news but certainly helps to have a headline.

So I go on to market watch and I'm like alright, what's the headline them? is there anything on this today and I'm like please let there be news on this because that's going to give me a reason to take this trade. Right now, it's looking pretty good. It's got three out of the four criteria I check and I see let's see late stage study to lead product candidate V Al 0 8, 3 and this was a clinical trial phase 3 clinical trial. So I'm like, okay, there's news, That's what I'm looking for.

So now we're starting to knock off pretty much everything on my criteria of what I look for in a trade. The one thing that we are lacking is overall strength in the small caps. The small capsules of the last month or so has been a little on the weak side. A lot of the ones that pop up and the fading back down and that is what happened on this.

But when we had that combination of the news, the chart, the sector, and everything else I said alright, I'm just going to take a stab at this. Now here's my concern. When it first hit the scanners, there was only like 38 where there were 38 thousand shares of volume on this candle. There was only about 89 thousand shares of volume total.

So I was like this is a very thinly traded stock. it's just not something I would feel comfortable putting out an alert on. I don't really like to do that a rather see more volume on it. So it's like alright, well you know what I'm going to do I'm going to start taking a position I'm gonna start accumulating position and if other people see this and they like the same setup, they'll do the same.

So I start accumulating a position at 3:00 at 2:30 adding it to 40 and adding at 256 when we had this micro pullback. So this is one of the ones where I started adding as soon as I saw it popping up and it seemed strong. I started with 2500 shares, adding another 2500, adding another 2500, having another 2500 and on this pullback here, adding another 5000 I had 17,500 shares with an average of 234, so my average was right down in this area 234 and as we popped up to a high of 273, I was up 40 cents. With 17,000 shares, that's nearly 7000 dollars in profit.

But I didn't want to sell there because I thought this could have been the one trade that could make my month if this on the first pull back which I was totally fine to hold through. This first pullback right here had gone up on this candle and broken the high of 73 and gone in to the 80s to 80 to 95. three dollars. we didn't have any resistance until 3:20 and then 375.

This is a trade that potentially I could have made a full point per share which would be seventeen thousand, five hundred dollars potentially and with an average at 234. I didn't feel that holding through this pullback was giving up profits necessary. I mean yes, I gave back about three thousand dollars in profit from the high of day to the low of this pullback. and this is where I ended up stopping out was on this rich red candle.

As we retested the low of this pullback right here, this was the problem that this is where I you know stopped out right down here but had just gone up to 73 to 80 to 85 $3.00 which is what we would normally expect of a one-minute pullback. This would have easily been a ten thousand dollar trade 12,000 15,000 Not out of this world. And considering the fact that last month I only finished with eighteen, seventeen thousand dollars a profit if I can hit that with one Trey Right now that would totally turn around my mom. So I was being a little more aggressive on it.

but I think I had a good reason to be more aggressive because it met all the criteria that I look for for a homerun trade. So as it came back down I was very quick to bail out at 250 rad and let it break back down below the half-dollar and stop me out breakeven. So as a result, I'm taking two thousand, seven hundred and ninety seven dollars profit on this trade and that's not a bad day. I Mean it's really not that that I'm okay with I'm not going to I'm definitely not upset that I didn't sell for 5000 or for 6,000 because I know if this had gone on that one minute pullback up to 85 and 90 I would have been like why this had everything I look for why did I sell it for only 30 cents? That was stupid.

You don't see any quality sent up all that often, so when you have one, you know you want to. Really, you want to try to make the most of it. So anyways, that was my trade on DMP I Obviously it didn't end up being the big trade that I thought it would be. and I think that's a sign of the market that we're in right now.

Remember earlier this year and also last year we were in a market where when a stock like Dr. Ys would start squeezing all of a sudden we'd have three, four, five, or six other stocks that would start popping up. And it was just like sympathy momentum and it was almost like a feeding frenzy. You have one stock go crazy and get halted on circuit breaker and then another one gets halted on circuit breaker and another one.

And what is that? It's fear of missing out. It's FOMO Its collective traders all around the world seize opportunities and jumping in. this and jumping in that and jumping in the next one. and you know that created an opportunity where we were able to be incredibly profitable.

$70,000 for me in the month of February $50,000 in the month of January So I of course and waiting for that to happen again. If this has been one of those days where we had that feeding frenzy going on I think this would have easily gone to $3 maybe 350 and I pretty pretty easily would have made $10,000 on it at a minimum. So I'm setting myself up for these trays now. It may be a couple more weeks until we start to see really good silo through, but I'll be there ready to position myself aggressively when I see that setup and I will have that train that gives you that ten fifteen, twenty thousand dollar winner like I had earlier this year.

It's just right now we're not in the market that's giving those up very usefully important. All right. So that's about it for today. and I didn't I didn't get in at 2:20 I started adding at 2:30 2:30 2:30 to our minutes to 28 but not 2:20 O's as it was popping up over to 25.

So I think it was 228 that I first got in. but anyways, so some solid. You know what's our trade today and that's all it takes to hit your daily goal. Really.

So definitely pleased with that and I'm hopeful that we'll have a decent trade. decent opportunities again tomorrow. Today's gains gets me out of the hole from yesterday And you know, so my week is not the $5,000 profit that I was hoping it would be. But we'll see maybe I'll have something on Friday Maybe not maybe I've got to wait till next week.

But of course I have just one trade any time in the next five days that has this potential and actually does what I think it's going to do. That could be my 10,000 or 15,000 dollar winner and that one trade can completely turn around your month. So I haven't lost hope that this month could finish in pretty good shape, but it really just depends on what the markets willing to give me. And the reality is if it doesn't happen in the next five days.

a big deal that happens on day six, but fine. that happens on the first day of July or the second or third fourth fifth day of July that's fine too. I'm I'm here ready. It's just a matter of kind of that perfect storm coming together, the market being strong, strong catalyst, strong sector hot sex, or maybe global event, and that creates the opportunity.

So I'm still in this kind of grinding pattern. you know? yesterday was to step back today to step forward. got back. step forward, step back, step forward.

I'd like to get out of that oscillation and really start moving up a bit more. But like I've said kids, I'm a little bit limited in what I can do in this market without deviated or without deviating away from my core strategy. If I start trading some strategies and being more aggressive on reversals or start branching into the higher price stocks, that's fine. My accuracy will decline.

So I'm not as good in those and then that might turn into instead of grinding starting to go down in profits because those aren't the stocks. I usually hit home runs on so aim is. That's about it for for this morning here as we come in to lunch hour. Alright so I hope you guys did well this morning and I'll see you all First thing those are viewing a chat room.

We'll see you first thing tomorrow morning. All right, those of you on Facebook and on YouTube Hopefully I'll see you at 1 p.m. and our webinar which be in about one hour. Ok, so see you guys soon! Thanks everyone! 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.