What's up everyone? Daddy's back. Today is my first day back in the saddle, finishing the morning up a thousand bucks. Not bad. Today was not the easiest day for me.

Number one: I have never taken a full week off of trading since I started trading I've never taken a full week off so sitting down was kind of like, you know, everything just felt a little rusty. a little unfamiliar. So getting myself settled in my first trade I only took 2,500 shares I said let's start small and if things feel good, I can size up and I made two cents per share I made 50 bucks on my second trade I took 7,500 shares and I made one cent per share I made like $65 So I'm up a hundred and eleven dollars in the first five minutes and I'm thinking this is not a good start because if any one of those traits had turn into a loser, it probably would have been a 500 $600 loser. And it was inevitable that if I had a loss, that's what would happen.

And it happened how eight $900 lost 950 bucks. So now I'm in the red and again I'm like looking at my calendar and I'm like this is gonna be my eighth red day of the month. This the worst month ever. It's so frustrating but I ended up getting myself out of the hole I dug out slowly with a two hundred dollar winner.

so I was down lonely, six hundred, another $200 winner. So I was down only four hundred and then a $1400 winner and boom in the green at the daily goal. My work is done so well. Breaking it will break down all the trades from today.

In today's midday market recap, it was a pretty decent day, not the best. I'm hoping Momentum really starts to pick up as we get closer to the end of the month and get into the month of March. All right, so let's see, we'll break down the trades from this morning. You guys should be able to see my screen share.

So first day back at it after what ended up being a long Presidents Day vacation for me. Not really much of a vacation, but finishing the morning here. one thousand fifty eight dollars and twenty four cents. which is certainly not bad at all considering the market that we've been in.

you can see my P&L green on three names, red on one, you know. I Just sort of felt like today the Momentum was. it was not easy. so let's break it down.

First trade of the day: NXT D This was right off our watch list. We were watching a pre market for a gap and go trade and you can see what happened. it. It obviously didn't tenderly go.

it was gapping up 55% on news and the bell rang and it sold off. My very first trade was a small position 2500 shares just trying to kind of test the water and you know, get back at it so long at 3:27 out at 329 I thought in this one-minute candle it was doing like a little bit of a dip and getting ready to squeeze back up over the open price. but it didn't it hit 34 and then it dropped so out of that at 29. I then got back in right here for the first one minute candle to make a new high at 3:17 and sold on the pop up to 325 averaging only like one cent of profit.

I took 7,500 shares and I only made 60 bucks on it so just wasn't a big winner there. So that was. Those are my first two trades on NXT D just a very difficult name I did traded a couple other times. you can see I'm a $488 on it.

well look at those trades in a second so then switched gears. took a trade on Mo Sy. this one was off the scanners. it popped up and hit the scans.

It was also called out pre market as a possible follow through continuation name. So it had a strong day on Friday watching for continued strength here on Monday morning. so I jumped in this at two dollars, two dollars and 203 202 but it didn't really hold up very well so I ended up getting out of half of it at 204 for one cent profit. it popped up to a high of 208 I tried to sell more up there at 206 only partial.

Phil's sold the rest at 2:02 2:03 and then I hit the bid and bailed on the rest at 189. tried to sell at 195 I didn't get filled, sold the rest at 189 so only $39.90 of profit on that. So another really, just, uh, you know nothing. no no trade, no real no profit on that.

and then I took a trade on Zn as soon as I got into it I regretted it I didn't call it out in the chatroom I bought it I just bought it too high. It was a stupid trade I got into it right here basically top ticking it I got in at 75. there was a seller at 475 who's like a 10,000 shares seller and I was looking at this and I was kind of watching this daily level of 484 and I thought well if it breaks over 484 it might go right up to $2 or two to five dollars and so I jumped in and then immediately I just realized that that was not a smart move and so I ended up stopping at it for 56. So I lost $968 on that trade.

you know that was my own fault I I just shouldn't have gotten in I should have waited for a pullback I was just being a little impulsive and the problem with my first three trades on did the two on NXT D and then a third on MOS Why is that? they were such small winners that they certainly didn't make up for a regular size loss. A $900 loss is kind of a regular sized loss. Regular sized win is $1,000 winner and they didn't have $1,000 winner. So I went into the red and I was down like 800 bucks on the day.

At that point, I was starting to feel a little bit worried about what this day would become because I already have seven red days for the month of February It's the worst month that I've had since I've really been keeping track. So first really bad month like this in over two years and you know this would have been my a thread day of the year of the month which was not what I was hoping for. So I said well I'm probably gonna close the day red but I'll see if I can minimize the damage a little bit. So next trade was on back in NXT D I Got back in at 306 and that was on this candle.

Right here you could see it's a red candle. I Thought that maybe we were gonna break out of this little bear flag to the upside. So if I draw this trendline here, you'll see that we had a little bit of resistance at 308 and so as I started seeing lots of buyers coming in at 305 306 Boom! I Press the Buy button long as 7,500 shares sold half at 310. Four cents small, winner, sold more at 310 311 and then stopped out of the rest at 299.

So you can see here it popped up. it tapped a high of 313 and then it dropped all the way down to 290 so it didn't didn't work. Consolidate sideways, consolidate sideways I then get back in at 318 as it starts to squeeze up here again. Soups: 7,500 shares back in at 318 and 319 320 right around there.

Or yeah, 318 and 317 and I ended up selling it at 320. So you know I made two hundred and six dollars on that trade. so that got me up to four hundred eighty-eight dollars. But four trades on NXT d and my winners were two cents, 1 cent, 2 cents, and 3 cents per share.

which is kind of pathetic. I mean it was just like not seeing big moves at all. just very choppy. Volume on this one is like 20 million shares right now, so just a lot of tug-of-war real battle to make any any headway so it didn't really do well on that.

And then the last trade was Gbr. a total surprise I thought I was done for the day and I would finish the day down 600 bucks I even said to John John l10 who's a Madhuri and the chat room I was like yeah, I'm red today I'm down 600 bucks you know I'm it is what it is and then Gbr hits the scanner at 10:23 7 minutes before. Basically my cutoff I was like I'll trade till 10:30 today I'm not gonna overstay my welcome. So 10:23 Gbr hits Gbr is a familiar name for anyone who trades small caps.

This is a stock that we know because look at what it does you have these days where it spikes from a dollar 82 you know to 45. This day a dollar eighty to 240. We go back a little further. we see a dollar 42 to 22.

It's a stock that pops up. Here's the day where it went in two days from two from a dollar to three dollars and eighty cents. So it is a former runner, a stock with a history of making these types of moves. So whenever it hits the scanners I'm usually pretty quick to jump in.

Now the first thing I look at is the daily chart and when I looked at this daily chart, I could see that we were above one important line. And what line would that be the 200? Exponential moving average I Really wanted to see us above that level and we were certainly above that level. We had no moving average resistance, so that meant that there was really no resistance Until you know, maybe a dollar eighty and then probably until 239. So lots of potential there in contrast to a stock that hits the scanners and it's gonna run into the 200.

What was the one we had today? it was at MBR X this one I said no good, it's gonna run into the 200 moving average and see how it did that just exactly. it tapped its head on that 210 level and then faded so you know that was one that ran into that level. So Gbr being a of that level is what I wanted to see. So it's hits scanner at 161 and basically as soon as I hit the scanner boom I type in the symbol and press shift 1 and I pressed it 4 times, just jumped right in, filled at to 66 to 68 to 70, added at to 80 sorry 167, 170 182 added it to at 182 and added again I sold it 89 and then I added back at 93 and 93.

so in fact high of day was 97 I almost top ticked it with that ad but you never know this one I thought if it got over 2 dollars you know 205 would be my first target selling maybe some at 205 210 and if I can hold more of it for a move up to 239 240, why not? You never know and you suddenly have a stock that is not in play and then boom it's on the scanners. You've got tens of thousands of traders all using these same scanners and now they see it, comes to their attention and they're jumping in so you can see here. Added in the first move, sold half right through here at 89 and then added back for the hide. a break over 93.

So I added a 93 and then of course. this is. what was disappointing is that it dropped back down from 97 or 95. 97 back down to 62.

So it just you know, one of those stocks that it traditionally does not hold it's levels. it pops up, but usually in the past it's popped up more than it did today. So today was a little disappointing that it couldn't get above 2 dollars. They hit resistance there, but it was definitely worth a worth estab.

So the setup on this was it's a former runner jump in with a 10 cent stop. That's the entry. It's get in with a 10 cent stop because this is a good daily chart. A former owner with a history of breaking out so on these types of stocks we just sent 10 cent loss.

So my entry at 67, my stop is at 57 right? and obviously it's riskier to do that. It's kind of like you know when as a rock climber starting by by starting halfway up the up the mountain, right? But we're not starting halfway up some up the wall with no backstop. We're not starting with no rope. We're starting with ten feet of slack.

So yeah, we're up 150 feet or whatever it is. But we've got ten feet of slack. so if we immediately slip, we're only going to drop ten feet. And that's it.

You're not gonna drop all the way back down and that's what you have to do with these, you say? Well, yes, I'm jumping in while this thing is half way. you know, to the moon or whatever it is. But I'm setting this backstop of, you know, whatever it is. So in this case, ten cents was appropriate for this price range.

For a more expensive stock in the four five dollar price range, I might set a backstop of twenty to twenty five cents because they might dip down ten and then run another fifteen. Or twenty or forty or fifty hoon. Who knows? So anyways, that's kind of my approach for trading these types of stocks. They can burn you, and it is risky, and that's why.

I say, especially to beginner traders in the room. wait for the first pullback. Don't be super super aggressive about jumping into them, especially on the 1-minute chart. But for traders that are a little more advanced, have been doing this for a while, this right here was a pretty easy opportunity to get in in 6770 range right as it hit the scanners and sell up here in the 90s.

Me being a little more aggressive I even decided to add up here. kind of. you know, trying to, you know, get maybe a little bit more than just on base? Get? maybe the second you know, or third, really try to maybe get a home run, but that sure would have been a nice way to get back at it but wasn't able to hold up. and now you see a 74,000 share seller at 170, which is a pretty big seller.

So yeah, didn't hold up very well. Isn't gonna go down as the biggest winner in the history of my trading, but it got me on the leaderboard. Green is good and so so I'm happy for that and Brett yeah. So to go back to reiterate, the pull back set up.

let's look at a CH n This one was a better example to pull back set up. So this this occurred on the 5-minute time frame. Alright, so this is a stock that squeezed up from a low of 305 up to a high of 333. So a fairly big move.

And on the 1-minute chart, if you bought on, let's see if it really did any pullback. The only pullback it kind of did was right here around 327, but at that point it was already fairly extended. It was already up quite a lot. So yeah, you could have maybe scalped it from 327 to 333.

Mind you, that's only six cents, so not probably not a lot. and it came right back down. So then it fades. It fades.

It fades. it pulls back all right now. The low-risk setup that a beginner trader should be looking for would be this bull flag right here. You're buying the first 5-minute candle to make a new high.

Not even the one minute you're trading off the 5 minute chart. So your entry. we've been right there at 3:23 Your max loss is the low of that candle, which is 3:19 It's a four cent stop, all right. So you got a four cent stop and then there's your profit target a retest of high a day.

So that's a good set up. We like that when they come down and curl on off that nine moving average. This pullback up here didn't really pull back enough in my mind to be a good setup. but yeah, Brett so that's what you kind of want to look for.

and on. Zn We actually got a decent 5 minutes set up on it I was just being kind of too aggressive. so you got a little 5 minutes set up. You couldn't take in the trade here.

It didn't work so you would have stopped out. It then pops, it drops and then it pops back up and right here it pulls back. So now you've got a new entry right here for the first candle to make a new high. so you'd be back in at 65.

and on this one, you could have sold it up here in the 90s. So you know, a thousand shares? That's 300 bucks and that's the lower risk way of doing it. It's a little slower. it's not as stressful.

you know, stocks like GP are obviously a thousand shares probably? Yeah. I Guess you could have made almost $300 but usually we trade larger-sized We try to be more aggressive. get in, get out quick, but just remember to be mindful of where you're at with your skill set and what risk tolerance you're comfortable with. And again I Really encourage you guys to keep an eye on the swing trades because the or even another step back in terms of reducing your risk.

I would say the highest risk would be scalping on the one-minute chart with five and ten thousand shares. Now it's high risk because it goes the wrong way and you're gonna take a big loss. But it's also pretty big reward because when it works you can have a $30,000 day. You know a swing trade and you're stepping back.

You're on the daily chart. Things are a little bit slower. it's more forgiving. You don't have those big swings, but for a lot of traders, it's an easier way to make that.

You know, five hundred dollars a week with less stress and while you're still working full time. So anyway, it's just my two cents there on that. But that's about it for me today. So finishing add a green and I'll be back at it tomorrow.

Just trying to dig myself a little bit out of the hole. I'd really hoped that I'd be able to close February at least break even. but I'm still down right now around ten thousand dollars on the month so you know it's gonna be a little bit of a it's just gonna be a red month I mean it is what it is and I'll be back at it tomorrow morning. Just try to keep building back up and hopefully we have a good month next month in.

March Alright, so that's it for me. I'll see you all of you guys back here first thing tomorrow morning for the pre-market watchlist around 9:00 9:15 All right, I'll see you guys there if you're still watching. You must have really enjoyed that video. So why not subscribe and get email alerts anytime? I upload new content.

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