What's up everyone? All right? So we're going to do our midday market recap. go over the trades from this morning. I'm going to finish the morning up 18 538 dollars and 65 cents. which is overall a good green day.

I'm up. uh, well. I gave back about 1500 off the high, I was up about 20 000, maybe 21 000 at the top. and the last few trades I was up only 15 000.

Then I was back up to up 20 and now I'm up 18-5 and I'm like, all right, I'm I'm just kind of churning. this is not productive. and while I churn remember, I burn commissions so uh, hey, I'm happy with another green day. This is the smallest green day now, since maybe I don't remember what I made Monday of last week, but probably since around Monday of last week.

but you know, continuing to make some progress. But as we break down the trades from today, you'll see that today was certainly a little choppier. some nice moves, but not holding their levels. so it's only 10 30.

but I just don't want to overstay my welcome. I'd rather be more consistent, be green, and then walk away and come back tomorrow. So um, we're gonna run the intro and then go ahead and start breaking down the trades from this morning. And as a reminder, my disclaimer: If you didn't already know, day trading is risky.

Most beginner day traders lose money, so you should trade in a simulator before you put real money on the line. All right. So there's the P L 18 500 Again, you know, nice nice trades on Ig these ones. I started on pre-market so before I even logged into the chat room or was streaming this morning, I took some trades on it from seven up to seven uh, 20-ish 730 right through this area and then I took a trade on sort of a dip off of this ascending support line here, which was a loser.

So these trades here I was up 3 600 on lost 800 on this trade, then got back in right in here. Uh, I don't remember if I took the profit off. I think I held this position here and this is the position I was holding into the Open With about 15 or 16 000 shares, we got a squeeze right at the open up to 820 as we broke through eight dollars. The whole dollar I was taking profit, uh, off that level and then it ended up fading back down, which is kind of disappointing.

I did have a couple more trades on it as it broke through this yellow trend line, but it didn't hold up well. So ten thousand dollars of profit on that hit my daily goal and then Ccrc doubled the daily goal. Ccrc halted up at 7 40. I was not long before the halt, but on resumption coming out of the halt, I got along first.

Here around 8 on a dip, trade pops up to 880, took profit back in on a dip back out up here, back in on a dip and back out up here. We ended up getting a squeeze on this all the way up to ten dollars. Ten thousand, two hundred and sixty bucks on that one. Next one Nes this was one of the ones that I was sort of not doing well on.

Tried to do a trade over five, got stopped out. no sorry, it was a trade over, uh, 50. got stopped out. Then it ripped.

Tried another trade, lost on that one, so only 260 bucks on that. Elys another one that just wasn't really worth it. It popped up but didn't hold its levels. I tried to do a dip trade lmnl this one I was up 900 on and then came back for a dip trade.

right down here and lost. I don't know 1500 on or 1800 on it. so now I'm down 900. and wbai I was actually down 5000 on this one.

I missed the two halts in a row going up. I tried to do the dip. we got a false breakout. it pulls back a little bit more.

I got in through here for the curl up. It broke that level. uh for a second couldn't get higher above six. I took my profit and on This dip here made back what I had lost as it squeezed up to here.

but it didn't end up breaking over six and I couldn't get green on it. So I had two consecutive losers on Wbai and one loser on Ccrc which put me at three consecutive losers and I said I didn't want to walk away with anything less than twelve thousand dollars in profit today, so I was willing to take another trade. I did take more trades than that was when I traded any S and Lmnl, but I didn't make any significant amount of money on them. so at that point I just said i'm I'm done So my last good trade was on Wbai.

That's the one that brought me from up 15 000 back to up about 19 000. And then these two trades on Nes and Lmnl put me back to well up only 18 500. But again, that's fine. That's hey, it's a green day, It just feels like a little choppier today.

And so during our pre-market watch list, we were talking about the fact that, uh, obviously, we sort of had a high water mark last week with crazy momentum on Wnw and the squeeze all the way up to 160.. since that's faded back off those highs, it feels like you know it's kind of brought momentum down a little bit and people are kind of cooling off. Fomo is sort of tapering back and people are being a little bit more reasonable with what they're buying that's already extended with potentially no news, so that's all fine. As day traders, it's our job to try to capitalize on, uh, momentum in the market, and to capitalize on the emotions that sort of drive that momentum, but not fall victim to them.

Today was a little choppy for me, but it's another green day. If I can do that again tomorrow, and for a couple more days, you know we're going to have a nice nice finish to the to the year. So let me just pull up my Trader View stats and look really quickly at where I'm at. I am not sure that I imported my trades from Friday, yet.

Let me just look. Um, no, I did. Okay, that's good, All right. So these are my trades.

So Friday was 27 000, Last Monday was only 7 000. Yeah, so this is. Um, yeah. so this is back.

kind of last you know. Similar to last Monday. Uh, a green day, but not not a huge green day. So where do I sit on the month 12 1 2020? So on the month right now I am sitting and you can see this kind of equity curve.

Big Red Day gave back everything I made in this day basically in those two days, but rallied back up. P L 480 000 before today. So this is going to put me up close to half a million on the month after today's import. Not bad.

68 Accuracy Biggest Winner: 119, 000 Biggest Loser: 58 000 About a one-to-one profit loss ratio. It could be better, but uh, you know that's typical. So that's where I'm sitting right now and you know I have been doing well this month trading later in the day, which is a little different from, uh, what's usual. You can see this here hour of the day, making money in the afternoon.

At the same time, I do find trading all the way to the Bell to be exhausting. I don't really want to do it. These are trades from three to four, and these are trades after hours. So you know that last after 3 p.m I start to obviously fade and not doing super well.

But trading past my 10 30 spot has served me well this month. Most of these days I've been trading later in the day, I haven't been streaming, I've just been trading on my own. Of course, you guys know the strategy. You're welcome to be trading as well if you'd like, and it's a good practice for you to sort of test the waters a little bit on your own without you know, me always being there holding your hand.

But yeah, I don't know if I really want to get into that today just because I'm not feeling quite as hot today. I'm I'm happy with where I'm at, but I don't know unless we see one of these stocks, trap short sellers and and do something really impressive. I don't know, but you know, speaking of trap short sellers, you know? look at this Wbai, it's back up here at Six. So you know if that breaks through six, Watch this here.

There's Six Five. There's Six Ten. I would say if this gets over six twenty six thirty, we may have more opportunities on it. So I'm gonna put an order on this at 6 10 because if this does break this level, this might actually give us a nice trade here for a squeeze up to 6 30..

So let's watch Wbai and see whether or not that gives us another trade. But aside from maybe something on Wbai Lmnl, I don't like that one Right now. Ccrc has pulled back too much. So I'm just going to leave an order on Wbai at 6 15.

And my thought on this is that this: if it breaks through six and holds above six, we've got a shot at a move up to 650. So I'm gonna. I'm gonna put my order of 615 here on this. So what we need to see here is it: get back above six and probably break through Six Ten.

So usually I would say six Ten. I could take an entry at six, but Six Ten is really the spot to watch because if it can hold six, then Six Ten is kind of proving that. So anyways, we'll see what Wbai does, but as we said right now, I'm up 18 000 on the day. Maybe maybe I'll have some late afternoon trades.

Uh, we'll see what happens on Wbai if that one does really want to open up. but I'm going to try to trade smart and I still want to walk away. I guess I'd say at this point today with at least 15 000 in my pocket, so that gives me 3 000 of cushion. So if I take a trade on Wbai here for instance, and I'm watching it with an order at 15, I have to be a little mindful of share size.

but it seems like this thing is just going higher. It's holding the six dollar spot. there's 20.. So how much higher is it going to go see how it held that level? micro pullback there 611 and then a pop there up to 624.

So where's the place to take the trade? At this point our high is 30.. we do have some risk of a double top at that level, but the high rate there of this candle is 24.. So let's see if it breaks through 30.. So there's 17 on the ask, 18, 19, 20 on the ask stacked a little at 20 with some sellers.

I'm gonna put this chart uh, front and center here so I can see a little bit better Wbai and then dipping back down so this five minute candle still has two minutes left on it. The high there is 28.. then look at that rejection right back down so you know this. This one's definitely interesting, but it's no doubt showing that it's got some strong you know? Well, it's definitely a double top there and it's got some.

Some people definitely focusing on hitting this to the short side. So what that's going to be is you know, two high red candles? We still have about 90 seconds left on this current candle, but that's not really what you want to. I mean, I don't know. I guess if you were in there for the break of six, there was a trade up to 6 25.

but as far as continuation goes, it's not the most impressive. So anyways, I don't know, see what wbai does but Green is good and I'll be back at it first thing tomorrow morning. So I'll see you guys then. All right, see you in the morning.

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