What's up everyone? Alright, so time for our midday market recap. Finally, a good day of momentum. We had a 150 percent short squeeze on a pH B and you know this was a stock that really was at the beginning of the day. not easy to trade I actually started the day with a loss on this one and then fine and then was able to dig myself out of the hole and finally end the day up $2,300 on the name I Traded with for the most part conservative share size, but I traded a lot I took a lot of micro pull backs, a lot of small bull flags both on the one-minute and a five-minute chart.

but at the end of the day this this was the one of the best days we've had in several weeks. It's the first time and probably about a month that we've seen really strong momentum to the long side instead of the short side. So any of you guys saw me earlier today on Facebook Live just walking around giving you kind of a breakdown of me in Rehab. You guys all notice I think I checked myself into Rehab and Here I am so you know.

The game plan was that I would be in Rehab for Trader Rehab for the month of May or at least the first part of May kind of in response to just trading too aggressively in April and continuing to come up against a wall. we just had really choppy momentum. It wasn't a very clean month now later, not this week, but next week. I Don't have my broker statements yet.

but next week when I get my broker statements from the end of the month of April we'll go over my trades. but I've already looked at the stats and what I saw is that comparing my best month of the year which was a $70,000 in February and my worst month of the year which was losing four grand in April What was the difference between those two months? From pure metrics, The difference was that in my best month of the year, my average winners were about $1,500 my losers were about 13-hundred and my accuracy was about 68 percent. in April My average losers were 1,300 bucks. Same average loss taking the same amount of risk on trades.

Essentially, the problem was in my average winners were only 750. My average winners were half the size that they were in February and that was simply because the market wasn't very strong. You can control how much you're willing to lose. you've got your max loss, but you can't control how much the markets going to give you and in April it just wasn't giving me a lot.

I Kept coming up short again again again, so accuracy was only slightly lower. It was 62% instead 68% so as a slight dip. Inaccuracy, but not not huge. The issue was primarily related to the fact that I didn't have home run trades in April I didn't have the trade.

You know that? Big 10, 15 $20,000 Winner! That would draw up my average for all of my trades. It was just to chop your month and so I decided that for May I needed to instead of continuing to fight against a lack of momentum I needed to step back, slow down and try to smaller size. and this was the plan that I would trade with smaller size until I started to see really good opportunities and then I would increased my size. but I would kind of spend this period trying to just sort of catch my bearings.

So between January and and March I made about a hundred and fifty thousand dollars. and then from my high of the year which is like a hundred fifty five, I've dropped down to like a hundred and thirty-five pulled back about twenty thousand dollars, Fifteen twenty. So a little bit of a pullback and now I'm kind of trying to rebuild and come back up to the high of the year which is like 155 and then from there you know go up towards 200 250. Last year I finished with 226 or 222 so you know I know I want to at least hit that level, but the fact is if I do hit that level, it will have been from a starting balance of 583 dollars which is pretty incredible.

So in any case, I've taken the month of May here to kind of slow down a little bit, step back and every single day it's resulted in me trading more instead of being like a sniper looking for one trade just to hit really aggressively. I've been kind of casting a wider net and taking a lot of trades. a little of this, a little of that, a little of that and the idea is kind of like lots of base hits rather than being the homerun trader who you know in April didn't hit any homeruns I'm just going to be the base hitter and then just keep trying to get on base. get on base, get on base, and today's a day.

I'm up 1,800 bucks. So 1861 dollars in profit on to stocks. My Commission's are actually four hundred and fifty dollars. say crazy high commissions because I traded a lot.

That's kind of a thing with base hits is that you know you get lots of base hits, lots of trades, and so you know the Commission's become a bigger factor. but at the end of the day, if you're making money, that's what's important. So and of course today I am. So when we look at the the trade that I took today on AP HB you'll see basically this was it was really funny because right out of the gates I took a trade on it and promptly lost I got in it like 270 and it pulled back here all the way down to 226 and I was just like man, you've got to be kidding me like again, this is just ridiculous and it looked like it was just going to be kind of sideways.

you know, sort of crappy. same old, same old and then all of a sudden right here we broke over 250. We went to three, 350 to four and all the way up to 425. So I scalped this move here up to 425.

I was able to make back my losses and go from red on the name to green on the name and then I bought the first five-minute pullback right here. This was my best trade the entry at 397 and then riding this momentum up to four. we had a high of 475 pullback. first five minutes setup, kind of fade and then I got back in right here.

450 and 474. the breakout. We would go back to high up day, but we ended up only hitting 485 and then fading. A little bit of a reverse false breakout there, but this was at the beginning of the day.

You know it was a gapper and it looked interesting, but there was no news and so I thought well you know this in this market. a gapper with no news is like you know, don't even try it. Gaffers with news with fantastic news still haven't been working out well. So I figured gapper with no news.

not too interested, but you know. pulled back, popped back up. so I said I'll take a stab at it. Quickly lost money, then got back game.

was able to regain those losses. So solid. trade there and then on. extr.

This was also a five-minute set-up Nice clean, easy setup. The first five-minute candle to make a new high which you can see right here. so we got the entry. first time in tequila make a new high.

My entry was a little on the high side if it goes at 72 we popped up to 898 I was up 30 cents I didn't sell it I was looking for a bigger move, breaking through the whole dollar and then that candle we dropped all the way back down to my entry. only made $22 on it I could have taken the profit sooner, but you know I held it kind of looking for a bigger move. So in any case, and you know this is just a really solid day, solid momentum and I'm hoping that we continue to see this. I mean obviously I'd like to continue to see some really good opportunities over the next, you know, a few days, few weeks, the month of May Maybe a little bit of a slow start, but hopefully it picks back up.

So my plan was that I would trade from Italy and work here just for the time being. While trading is kind of slow and you know, basically allows me to whenever I'm not in my home office. I trade a little more conservatively because the reality is, you know I'm trading on my you know, I'm trading on my laptops here and I don't have you know my 11 monitor lei I just kind of am making do with with a lot less and and that's fine I can absolutely work with this, but I just tend to be more conservative when I don't have you know my, my kind of my home office and everything like that. So I thought that that would be really beneficial for trade or rehab because the whole idea of rehab is that I trade with smaller size I'm more conservative and and not so aggressive.

So I spent a couple days in in Venice last week and mind you I have not taken a day off I'm still working I Flew here overnight and the next morning market opened and I was trading I don't take a break. Nothing stands in the way of this warrior getting to the market so came to the market traded that morning you know, traded every day in Venice traded in Florence and now I've made my way back down towards Rome So I'll give you a little tour and where I'm at now and I'm just going to be here for a couple days I'm going to catch up with Roberto later this week. I think maybe tomorrow and I think that'll be fun. So it's pretty nice here.

Right on. The water, smells nice, smells like the ocean, so you know the Internet's It's not what I'm used to, but at the same time it's not that bad. I can make do with it so you know I'll just trade here for right now. Well you know.

Thursday I'll trade here today and and tomorrow and then we'll see what next week looks like. I'm hoping that we see some good opportunities you know in the market over these next couple days and I'll get myself back into my office, set up and and ready to put the pedal to the metal and get aggressive on these trades. I know on a good month I can I can crush it. You know we can make fifty fifty thousand, seventy thousand dollars, but on the slow months I just kind of have to go easy.

You know, not push too hard because if I pushed too hard what's going to happen is I'm just going to have a drawdown. I'm going to lose money and I'd rather like I said this morning, you know, kind of just jog into the weather and and not not push it too hard. just you know. shelter through the storm and then when things get better I can up my risk and start to be more aggressive and start to get those 10 20 thousand dollar winning days.

Could I have done it on a Phb today? Maybe I was still a little cautious on it. you know I'm not in my home so I didn't want to just go crazy and this is the first stock to prove itself to me. So now that we've had one proved itself to me, I'll be a little bit more aggressive over the next. You know as I see others pop up that look like they might have that same potential but would love to see you know there's kind of that shift in momentum.

This is a true this is a trade though. Absolutely a stock up 150 160 percent. There are beginner short sellers who have been doing really well in April because a lot of these stocks pop up and sell off. but this unfortunately is one of those stocks that if you don't honor your stops, you know you could find yourself with a really big loss.

and I say it, having done it, you know a hundred times I mean even as recently as within the last couple weeks. So for me, it's been trading to the short side or tray or losing money to the you know, stocks drop back down. But for traders who are short and holding is the spike up? I Mean they can be irrationally strong. Yes, this is a stock with no news that shouldn't be going up.

I Mean it shouldn't be up 160 percent. It probably will come all the way back down to $2 The question is with 20,000 30,000 or 40,000 shares, how long can you hold it while it goes the wrong way, right? So you know for a lot of us, I mean I've had trades where I've held and been down thousands of dollars and been able to just hold until it comes back up. But most most beginner traders, you're not able to do that. You can't afford it and your your broker is going to close up your account.

you're going to be at a max loss and that's that. So the most important thing for any trader is to understand risk management. And for me coming into this trader, rehab is about managing my risk. It's about tapering my risk, reducing my risk.

So I don't get myself into a situation where you know I have a really big drawdown. you know, or get really overextended on on a trade. That's that's up too much. So risk management First and foremost, you know.

second stock selection. This of course is the right type of stock to trade. And then third, finding those bull flags and you can see this is a great bull flag right here. This one was decent.

this other one was decent. and let's see, the flag on extr was also really solid. even though I didn't trade it or I didn't really make much money on it. That's just because I didn't sell it when I was up 30 cents.

a I should have probably taken a little profit on that. All right. So that's kind of where we're at today. This is the 84th trading day of the year I think 84th.

So we're about a third of the way through the year and you know, just kind of sitting tight waiting for some better opportunities, being a little bit more selective, but we had some good ones today so that's solid. But yeah, you know, even though I'm here, I'm not on vacation, I'm working I've worked every single day that I've been here and that's just kind of my routine I don't really go on vacation. Those of you who are in the the chat room know that I don't take breaks. You know if I take a day off.

usually it's because of something really, really important and it's like one day off. So you know I'm working right now on. Wi-Fi five megabits download speed. You know, one point five megabits upload speed.

so it's nothing. nothing crazy, nothing as as good as what I have at home. But it works. And whether I'm here and you know from here, I know I'm going to go back to New York for a little bit, stay in the city and then make my way back up up north.

You know I'll just make do with what I have. And that's the awesome thing about trading. The reality is that the the only thing I need is an internet connection and a strategy. That's it.

So yes, I have to work three four hours a day. You know. Trading the markets we have to put in our time. but we can do it from anywhere.

You can do it from a patio. You can do it listening to the ocean. You can do it, work from home. It's whatever you want, but that's the freedom that you can make that choice.

You don't have to have that choice made for you by whoever you're working for. And so you know when you work for yourself, you're essentially another thing. When you work for someone else, you're helping their dreams come true. You know their company, you're helping their company grow.

When you're working for yourself, you're helping your dreams come true. You know your dream to become a full-time trader, to be totally independent, to make a living working from home, and and to you know, live the life that you've always wanted. Whatever that might be. You know if you if you dream to trade in Hawaii that sounds like you dream to trade in the middle of a night because the time zone there.

You know here, the market opens at 3:30 p.m. which is strange to me because I'm always really kind of sleepy at 3:30 in the afternoon. like I never trading afternoons because it's not my peak focused time of day. But you know? so I like the East Coast time zone.

Actually like California time zone even more because I can get up at 6:00 and trade it security and be done by. you know, 9:30 10:00 But because that's kind of when I'm really at my at my peak. But you know this is fine here. I just kind of, you know, adjust my schedule and work in the afternoon I do stuff that I want to do in the morning and then I work in the afternoon in the evening.

it results in kind of a longer day. but but it works. Yeah, so in Hawaii market opens at 3:30 a.m. which is you know that's a tough time to start trading for sure.

Japan I don't know what time Japan is. Is it 12:30 at night? Are they another three hours back? or is it I'm not sure, but that's probably hard as well. but in any case, if that's what you wanted to do, you certainly could. So anyways, that's it for today.

So I will see you guys all first thing tomorrow morning. Hopefully we'll finish up the week strong. Have have a have a good Friday I Think there's absolutely a great chance that a pH B will be in play tomorrow. I Mean it's it's still bullish.

It's still holding above the view app. It's still holding above the 20. It's still holding above the 9. These are the types of stocks that we often see close near the high gap up overnight and then make a second move.

So could we see the stock go to 10 or 12 tomorrow? I Don't know. It's certainly possible it has the technical criteria - the good catalyst but but it could. it definitely could. So definitely gonna keep this one on watch for tomorrow.

And then you know, keep an eye on the scanners and see if we start to get some sympathy momentum. because this stock has been strong, we'll the next one that starts to pop up. You know, get that added added momentum because traders are like oh, I don't want to miss this one since the last one just went. you know, from $2 to $5 or whatever.

Alright, so anyways, that's it for today and I'll see you all first thing tomorrow morning. I'm going to jump on and get some emails done and work with students this afternoon. All right, I'll see you guys a little bit. Let's be honest, if you made it this far, you must have really enjoyed that video.

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