What's up everyone? All right? So here we are: First trading day of June and I'm gonna finish the morning up ten thousand, three hundred, forty six dollars and sixty cents on three trades. two winners and one loser. Now, as is sometimes typical, my first trade right out of the gates I Got knocked down I took a $1,400 loss and I came back aggressive swinging. first.

really good quality set up off the watchlist I jumped into with probably bigger size in normal and ended up making $8,000 Boom! Quick recovery on that and on the stock that I had originally lost $1400 on I Took a red to green trade and made 3,800 on that. Going from down 1,400 to up 2,300 finishing the day of total ten thousand, Four Hundred dollars I mean I I Really feel solid about that. It's a great start to the month of June and it's really straight off the watchlist. We are in a hot market right now.

Last week was incredible Sol Y ELT k GN CA Today GNC A continued and then a Bi O and 880 X I were the other ones. I Mean we're gonna hop market. It's definitely a good time to dig deep, look for those eight quality setups and when they strike unwilling to be aggressive. So here's to a great June Hopefully we continue to see this momentum and I'll see you guys as always, First thing tomorrow morning.

915 for free market analysis. All right everyone. So we're gonna do our midday market recap here. Go over the trades from this morning.

this is gonna be actually I don't know consecutive green days I've had now, but in any case, I'm hitting my entire weekly goal in the first day of the new month which is awesome I mean it's it's always great to get a month started really strong. We had two good opportunities today I ended up taking a total of three trades I had one loser and then two winners. My first trade out of the gates I lost $1,400 on I went red that's why you can see here and I got the alert that all trading is allowed as long as I don't go below $2,000 I didn't go below 2,000 I was down 1,400 and then off that low I was able to turn it around and finish up $10,000 So a really solid start to the month of June a new month. Same strategy which is good and the continuation from last week definitely is here.

I mean we had last week Sol y al TK and GNC a those were the three big stocks I was able to make $10,000 on each of them actually more than 10,000 and then today ATX I We got a little bit of continuation or a little bit of a gap and go on it, but not to the extent of the three that we saw last week. So I would say today, maybe it's the first day that things are starting to slow down a little bit. but despite that, I was able to do well by being quick out of the gates and not overstaying my welcome. So June is off to a great start.

Of course, my monthly goal is $40,000 the same as every other month. Ten thousand dollars a week. four weeks in a month. so 40,000 bucks I'm 25% of the way there in the first day, which is terrific and you know we'll see.

We'll see what we can do. now. During today's recap, we're gonna do a couple things: I'm gonna talk about the trades on GM CA and ATX I I'm also gonna go over some of my metrics for the month of May Well, this is something that we do pretty much the beginning of each month. We look back on the previous month and kind of ask ourselves what worked, what didn't work, What could we have done better? So I'm gonna do this.

sort of lead the way and encourage all of you guys to do the same with your own metrics. Whether you're in the Sim or you're trading with real money, it's it. doesn't matter. It's important to have that review process.

So to start, let's look at the gap scan from this morning. Oops. Alright, so I'll put the gap scan right here. I'm gonna reset this timeframe to 9:25 a.m.

and it changed. Let's see the date over here. This is gonna be by the way my Mae month of May So you can see here only one, two, three red days but a couple of small green days. So several small green days.

you know, a couple bigger red days right there. they're volume detailed. net Profit: I always go net which is after Commission's that's gonna be right around eighty six thousand dollars. that was last month.

Alright, so we'll look at these detail these in a little bit more detail. 74 percent accuracy. So coming off a really strong month in May you know that certainly made me feel good about being aggressive here in June Although I do have to be careful because I've also known to have to start the month with a big red day and the reason that sometimes happens is because obviously I want so badly to have a really good cushion to start the month to get a really big green trade because then I'm right away in the driver's seat. Oh you know, last week I was in the driver's seat because I'd already had a really good stretch in the first three weeks of May and I just needed to kind of finish up the month strong and the wind was at my back.

Now when you start a new month, we all start in the same exact spot. We start at zero and so as quickly as you can get yourself into the driver's seat, the better you'll feel about the month and sometimes that has caused me to take a little too much risk on the first couple days of a new month. and I did take a little bit of risk today, but fortunately it was the right time to do it and it ended up paying off. So GN CA was our leading gapper this morning, up 95 percent.

Just before the bell rang, it was actually up over a hundred percent pre-market as it squeezed to a high of 1222. Really powerful move and so the first thing I did is was break down the daily chart and so you can see all these lines on the daily chart. If we zoom in, you'll see I Drew this box here and this was the low of this day. Back in this is a while ago, this was back in September of 2017 when the stock was at 41 dollars overnight.

The next day it gaps down and sells off, dropping all the way down to like nine dollars a share. It's a Biosciences stock. They had bad news. stock drops 75% and continues to go lower.

Now the reason these levels are significant is because as it's starting to come up, these are areas where we may find resistance. and I would say that 1720, which is this high right here that gives us room if we break that level all the way back to $41 So there's a lot of potential above 1720. and as we zoomed in a little bit closer, there were some levels in the November/december range down here that created small little points of resistance. Each one of them were worth noting because as the stock squeezed up today, we would potentially be running into them.

and in fact, the one that we kind of struggled with was right here around 1112 was not able to close over that level. So this is our daily chart that I marked out just before the the market opened. So now let's look at the 5-minute chart. Actually, let's look at the one-minute chart so well.

on the 5-minute first, you can see this clear pivot at 11:42 So if the stock had broken 1142, almost without doubt it would have gone to the pre market highs at least 212 and probably to 12 22 and continue maybe up towards 13. So 1142 is a sick sniffing spot, a spot that had been tested once and twice. and as soon as the bell rang I was looking for the next test and so the bell rings and I ended up being a little aggressive and jumping in at about 10. Where did I get in I got in it I think let's see the open was 1085.

Yeah, I Got in for the break of 11:00 thinking that if it broke 11, you probably squeeze right up to 11:25 Being that this is a higher price stock, it's more likely to move and sort of half half dollars in quarters 25 cent 50 cent kind of moves. So I thought if it breaks 11:00 should go to 11:25 it breaks 11:25 It should break 11:42 which is breaking the pre-market pivot from there. should go to 11:50 75 and then right up to $12 and so I jumped in a little aggressively for the break over $10 and I'll admit that I was I was aggressive on it I mean I thought that it was gonna break, it, was gonna break this $11 market and really take off. Let's see, where's my order.

So these are my orders here. So I was in at Eleven Eleven Eleven I guess I added a little in 88 and 99. it dipped down for a second. So I had like seven thousand shares.

I mean I that's a pretty big position for me for a stock of this price range. It did not break 11:25 and then it flushed down here and I bailed out I got out and I ended up taking the $1400 loss just just under $1500 in the red. So I lost about 20 cents with 7,000 shares and it drops down here, drops down and then right here. First one-minute candle to make a new high right.

That is what we call the red to green move and so as we got that first one-minute Campbell to make a new high boom I jumped right in I I just saw the potential there and so let's see where was this. Um, I got an 80 X I that when I was in, well it was halted and then this right here. I'm in at 42, 40, 43. So as it's surging up right here, the first five minute candle are the first one minute candle to make a new high was actually a 1050 and I went ahead and jumped in a little early and then I added at 1088.

expecting the break over 11, we hit 11 and we didn't break that level and so I sold half and start unwinding the position. I then did another scalp trade right in this level right here under the high of 11:28 and so you know we ended up getting a move up to 11 28 which was nice. I think I sold some shares up here you know in this area but we didn't hold that level and then it dropped back down and so I stopped out as it dropped back down but again here with about 7,000 share position from let's see huh, what did I get I was in there at 4,500 shares if in the 40s and then I added 3,000 shares at 88 and I was selling at 99 and selling more at 11. That right there not only got back the 1400 I lost but gave me 2,300 dollars of net profit and so that was a winner of I Guess $3,700 on this red to green move.

First one minute camel would make a new high gave us a move from 1050. all the way up to 11 28 almost 75 cents which is awesome so you know that that was good I was disappointed however that it didn't break over 11:42 and that it instead found resistance right at this this kind of level. So and then since then it's been pretty much selling off so that was GNC A I had high hopes for it but it did not give me the big move that I wanted and so that was a lil disappointing. Now on a DXi this was the next one they traded.

This was also on our Gap scanner a little further down here gapping up about where was it actually I might have been on the Gap scanner if I go like 915 A you know it's on the Gap scanner right here up about 15% It was halted pre-market had a pre market high of 750. There was news out pre market which is great. That's what we look for with a Gap and go trade a catalyst and on this one I was like interested in a retest of the pre market highs. Now when you have a stock that has a very well-defined period of selling off, it can be a little risky.

but as soon as the bell rang I had this one up because I thought that had potential I was also watching KBS f I wasn't watching this and I was also watching a TSI So I had a couple different stocks I was watching and when I saw ATX I all of a sudden squeezed up here. It opened at 5:50 squeezed through six surges up I see it breaking 650 I see that it's getting close to getting halted and boom I jumped in I jumped in, got a partial fill I added 71. It got halted at a high of 96 and I'm holding through the hall. it comes out of the halt.

I add 3000 shares at 750 for the break of 750. First target is 775 eight dollars. It hits a high of 8 dollars and unfortunately it retraces off that level. But this made a really nice move.

It not only broke the pre market high of 750 which was our first target, it went all the way up to 798. So on that move I was able to do pretty well because I jumped on it quickly. Now the only reason I was able to jump on it quickly was because it was one of the four stocks I was watching this morning. We had a TXI ATIS GNC a and KBS F those were the four I was watching.

We had CTR V on as a maybe but the volume was very light and I wasn't really seriously interested in it. so I just sort of put it on a chart way over on the side and figured I'd look over at it. But in terms of my my level to Windows the way I had them set up was just 80 X IGN CA ATI yes and then what was the other one KBS f yeah so I had him set up kind of like that which which ended up being good KBS F did pop up but only for a second. it did hit the hide a momentum scanner and then it turned around so I didn't end up taking a trade on that which was which was probably smart so let's see so that was KBS F there you see ATX I hear as it was coming out of the help out of the hall at that point up 40% surging up relative volume 89 times regular volume I mean really taking off? Had it halted a second time at 8:00 and it probably would have brought more traders into it just because it happened so fast, but having that on the watchlist this morning really helped.

So I saw a lot of you guys did really well on it which is great I jumped on it pretty quickly and I did take a little bit more risk on this and I think I took more risk for two reasons. Number one, there's sometimes that instinct which is hard to fight which is when you take a loss and I was down $1400 The next thing that pops up, you jump in too quickly and with a little more size than than you usually would. so that's kind of what. I did you know I jumped into a TX I the second one on my watch list pretty aggressively with probably bigger size than I would have if I hadn't just taken a loss you know.

And and of course if I had dropped right back down to 6:30 I would have been down $2,000 and Max loss on the day and this would have been a red a red start to the day to the month. But in this case you know I think one of the benefits is years of experience and understanding. which ones are are worth being aggressive on. I'm not just jumping into anything that hits the scanner which is something I would have done is a beginner trader.

anything that is the scanner I'll just jump into I'm really mindful of which ones have news, which ones have good daily charts, which ones have a good reason to make a move to, and so even if I am at times a little more aggressive than I should be statistically, my accuracy is still gonna hold up. and so if we look at the the metrics from the month of May we'll see 74% accuracy and that's after commissions. If I look at before commissions, the accuracy will probably be a little higher seventy six percent. so that's you know that's really solid accuracy.

out of a hundred and fifty trades, I had one hundred and twelve winners and it looks like I had about two breakeven trades or whatever. So that's fine. You know, really really solid Biggest Winner: Eleven thousand Eleven hundred dollars Biggest Loser: Eleven thousand dollars Biggest Loser: Fifty Nine hundred. So you know a little bit of a bigger loss there on one day I actually think I finished that day green I was able to bounce back which is good.

So I had a pretty big cushion. Average Winners: a little over a thousand average losers about nine hundred average I trade a whole time only four minutes. And you know trades like this are pretty quick. But traits like GNC A This is a trade where within one minute I made thirty eight hundred dollars.

This was on this one-minute candle right here. This one-minute candle had about six hundred thousand shares of volume trading. massive volume just boom taking off there as traders jumped in for that red to green move. And yeah, so you know I jumped in and out of that with seven thousand shares or something like that.

and in one minute made thirty eight hundred dollars. So that's the potential of the market. You know, if you are quick, you can do really really well. So yeah, so those are the metrics there in terms of profit loss ratio, positive accuracy, solid winning trades short losing trades holding on to a little on the longer side.

Interestingly Tuesdays my worst day of the week for the month of May Monday's were good Wednesdays were good Thursdays and Fridays were fine as well, so no real surprise there. But yeah, Overall, you know a pretty solid month, price and volume. We can look at this. Biggest winners this month were between five and ten dollars I Guess stocks under five I just didn't do as well on this month and under two I actually lost money on between ten and twenty I lost money on between twenty and fifty I made money on and that was because of one of those stocks that were SOL Why that was really taken off so obviously making the most when I trade the most shares and that's not twenty thousand share position I Never took twenty thousand share positions, but it's buying and selling.

Buying and selling performance by in trade price range stocks moving more than a dollar I made more money on. Well, that makes sense because they were more volatile and but what's interesting here is that the majority of my trades were on stocks that ended up not moving a lot. so I took a lot of trades on. sucks it didn't move a lot and then I had to get right back out.

So that means I basically got in. it didn't do a lot I got right back out. These are breakeven trades and the ones I made the most money on. You know, in terms of trade distribution.

we're only twenty two of the hundred and fifty trades, so You know, a lot of these trades ended up being kind of like scratch trades. You know profit and it adds up. but the bulk of it was on the big movers. So anyways, some kind of interesting stuff there.

Market behavior I Don't know. Probably nothing really to speak of here. that's that interesting. Win-loss expectation cumulative P&L You know.

So a little bit of drawdown. Red Day here. Red Day here, but nothing too serious. This is the biggest drawdown.

$6,700 and that's just over the course of the month of May instrument. We can switch to this. So the stocks I did the best on in the month Plin a bi o Ltk Sol y GN dat is canf these are all stocks that made a really big move. Stocks I lost the most done and backs ONC s Pui I ad X s this one couple others.

Performance by instrument volume This is interesting. So the bulk of my profits in the month of May was on stocks that had more than five million shares of volume by the end of the day, between five million and twenty five million shares is where I did the best. So those are stocks like Sol ye Ltk that perhaps at the beginning of the day, didn't have a lot of volume, but they had a reason to make a move. And because that reason, they continued to trade on high volume through the rest of the day.

because people continue to be interested in them buying pullbacks and things like that. So Bli N80 is canf those were ones earlier in the month ELT que Sol y GN CA towards the end of the month. so that's that's definitely what I like to see. I Usually avoid like the really light volume stocks like a CTR V Today you know this has right now 187 thousand shares of volume, so you know right now it's kind of in this spot.

and those ones you know, they're usually hard to trade. They don't have a lot of volume, it's hard to get in, hard to get out, and more often than not, those ones give me losses just because the slippage is gonna be really difficult to deal with over 25 million. Those are usually stocks that are crazy high volume, usually on the cheaper side. I Usually don't do as well on those either.

bulk of the profits on stocks that gapped up more than 2% but you know there's some profits on stocks that were not Gabor's they just in the middle of the morning had breaking news. Now if we go back to January first, just do a review for the year sitting. it just about $239,000 So I'm tracking for the half million dollar mark which is good 71 percent accuracy over the course of the year. Average winners are actually lower.

Biggest loss: 19,000 and that's disappointing that my biggest losers bigger than my Biggest winner that was in March I had a really big loss on this stock ETS are estr lost 31 grand total on it I Mean that was really pretty devastating at the time, but you know it is what it is. it's part of the deal. This is my year today and this is where I had this kind of really bad drawdown right here. the biggest drawdown that I've actually ever had in my career.

but of course by now it's all water under the bridge and it doesn't really matter anymore I'm past it I learned my lesson from it and bounced back. was down $47,000 versus my all-time high earlier in the year. So from up 155 thousand on the year to up only 107 thousand by the end of March and then from there got focused, rebuilt the account, and you know, back to now all-time highs. So now I've recovered about a hundred in $40,000 I'm a de bout a hundred and forty thousand dollars off or 130 off those lows.

So I'm on a really nice kind of hot streak here. I Was on a pretty nice hot streak before things slowed down, but notice before the drop that things were sort of slowing down. So if I get two points where things start to slow down a little bit I've got to recognize that signal and you know, take my you know, ease off the throttle a little bit and even today I was probably a little bit more aggressive than than I might like to have been on a regular day and I got to be a little careful tomorrow, especially since today we haven't seen continued momentum you know GNC a is lower ATX I did not hold up very well at all, which is really disappointing. So the fact that we don't have one that's still strong as of like right now.

while I'm doing this recap is a good reason tomorrow to be a little bit more careful. In fact, my best day of the week this year is on Fridays So Wild Car for Wild Car Friday is just getting those surprised stocks that all of a sudden you know out of nowhere, get you know, got me a big win. So $70,000 on Fridays Wednesday is only twenty three thousand. It's kind of unusual Mondays you know, a little lower, but bulk of the profits between 9:30 and 10:00 a.m.

a little profit between 10:00 and 10:30 a little between 10:30 and 11:00 or what's this between? ya know, this is by hour we'll go down to 30 minutes. So actually between 10:30 and 11:00 I've lost money 26,000 hikes. so maybe after 10:30 I really should just call it a day stop right there. I Mean that's what the statistics are telling me right? That's I mean the the profit past 10:30 has actually been net negative.

Granted, it's only by about sixteen thousand. Ten thousand, dollars. but still. So you know when you if I was working with a student I would look at these types of metrics and say well, wait a second, You know why are you trading past this time of day? You're doing really well right here and this, you're just giving back money and some traders.

You know if they continue to be read through the whole afternoon, I would just be like you gotta stop that right here. Just test and see what happens if you stop each day at 10:30 This year January was good February was good March was bad. Worst month that I've had in years April was good May was good. So you know been an interesting interesting year here with a little bit of a challenge there right at that level but was able to get through it and on the 1 million dollar challenge starting with $583 January 1st 2017 I've got 1 million seventy six thousand dollars.

So just continuing to grow the account over the long term accuracies been 68 percent profit loss ratio right around one to one average hold time about seven minutes average loser Oh 12 minutes Biggest Winner: 31,000 Biggest losers still at 19,000 So this is over the long haul and over the long haul. I Wednesdays are actually my best day which is funny that this year has not been the case and we'll see Fridays are creeping up here and becoming a real contender but still lagging behind every other day that week. So this year has been a little unusual in the sense that Fridays have been better Wednesday's have been poor win-loss expectation. That's my equity curve from way back here.

On day one, making a hundred and twenty-five dollars, it's the first day of the challenge. It's hard to even get the mouse on that day. There it is. that's the first day January 3rd 2017 and that's where I finished the month of May.

So yes, I did on my biggest drawdown right here in March of the whole challenge: losing 47,000 before getting myself back up and then crossing the million dollar mark. Those of you guys who haven't been watching for that long, you'll notice that I was just under a million dollars I tried to swing for the fences and break the level and I lost 30 grand. So I was getting myself a little emotional trying to get across that million dollar mark as quickly as I could and I wasn't ready. Had to learn one final lesson before I could break over that level.

but now I'm over it. I Closed over it for the month of May So the challenge is officially complete I Needed my May Statement balance to be over a million dollars and that is no done. It's awesome. So anyways, that's about it for me here today.

Be back at it of course. first thing tomorrow morning around 9:00 9:15 pre market analysis. Hopefully we have some good stocks on the Gap scanner, but I'll be prepared to take it a little bit slower as we start the day tomorrow. I've now got a nice cushion on the month on the week, certainly.

and if things are a little slow, maybe that wouldn't surprise me since GNC a is weaker today, a TXI hasn't held up well and I haven't really seen any other Momentum stocks really making big moves. ABI Oh well. geez, guess I missed that one. From six dollars up to almost nine.

Yikes! That's impressive how much volumes they have. 1 million shares of volume. So interesting. So that was a nice opportunity.

so who knows, maybe tomorrow will be pretty good. Alright, anyways, I'll see you guys first thing tomorrow morning. Study up this afternoon. You know, let's try to really make the most here in the month of June and try to be aggressive when things are.

things are hot. All right. I'll see you all in the morning. Ok, if you're still watching, you must have really enjoyed that video.

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