Hey everyone Alright, so here we are: ninth green day in a row ninth Day Trading Day of February and I'm up $3,700 Now today's a day where I'm a little disappointed in myself because I was again so aggressive the last the last few days. the last few weeks I've been really aggressive and I knew we've We've had some great opportunities, some really good momentum, but on several of these trades I'm giving back profit off the top because I keep adding higher and higher I think I keep maybe expecting or hoping to see this crazy parabolic move where we see a stock that goes up 100 200 percent. And although we've been seeing some good moves, they haven't been that exaggerated. they haven't been that volatile and so adding at the top I've been having to then sell as it comes back down and some of them have retraced and given us a second opportunity.

but the one I trade today did not. And so you know I'm a little bit frustrated myself that I'm being so aggressive I'm swinging for the fences I've set this mental goal of a hundred thousand for the month, you know I know I only have you know nine ten days left I've got to be super aggressive and sometimes I gets in your head and it causes some issues. So tomorrow I'm just gonna be focused on trying to get green just trying to have a base hit and and trying to have better accuracy and not be may be quite so aggressive. Now again, $3,700 is a great day that's nothing to be disappointed with, but I gave back profit off the top I was up closer to 7,000 I gave back almost half my profits.

so I got to kind of adjust inhibit. it's better to do that now then to wait until I have a big red day. So I'm gonna try to adjust, be a little bit better tomorrow and try to finish up this week strong. All right.

So that's it for me and a reminder. you guys guess what tomorrow is Valentine's Day If you haven't already gotten something for your Valentine make sure you go out. you do it today and get something for yourself. Also at Warrior Training we're giving you the gift of love 30% off storewide coupon code Lu V 30 love 30 Alright so I will see you guys in the chat room tomorrow morning for Valentine's Day We'll see if we can make a little bit of money.

All right everyone. So we're gonna do midday market recap here. Go over the trades from this morning. I'm gonna finish the day up three thousand, Seven hundred ninety six dollars.

Not really the easiest day. I actually had kind of poor accuracy today. I'm gonna put up. Let's see.

this is my IRA account, my Lightspeed account and then this is my Centrepointe account. So up 4700 in the IRA down a little under a thousand in the Centrepointe account. So you know, kind of just like a not the the best day. but you know what I mean Overall another green day.

it's the 30th day of the year and I'm gonna put in my calendar plus 3000. Let's see 796 dollars and 20 cents 9th green day of February so they'll put me up a little over 70,000 on the month Today the the big mover was kind of a surprise I wasn't expecting it GS um right out of the gates took off. Now this one was on our watch list this morning as a continuation setup because yesterday it was pretty strong. You can see yesterday it was strong, squeezing up to three dollars on decent volume volume coming into the name and so I said you know it's it's worth keeping on watch over three because look pre market its hanging out right at 3 but it didn't really.

it really wasn't sure it was gonna work I just was like it's a maybe the Gap scanners this morning. I'll put these up here and they were kind of kind of a dud of a scan 9:15 a.m. leading gap or DBD well it's a 75 million share flowed stock second-leading gapper is so low this one you know I was interested in pre market high is 210 but I just sort of felt like you know I I just wasn't sure about it pre-market it was already giving back some of the gains. it wasn't holding up really well and so I just sort of was like I'm not sure you know I didn't uh popping up, pulling back you know, doing a little ABCD pattern but not a lot of range, a little on the cheaper side and then that was basically add these ones are either too cheap or too expensive ygy I Actually this one we had as a maybe this was on the watch list this morning also ended up working out pretty well.

Pre market high was 835, it ended up hitting a high of 928 so another one right off the watch list, but as you can see here in the first few minutes it was really volatile popping up, dropping down, back up, back down. this formed a little bit of a flag pattern of consolidation and when it broke to the upside, we got a nice move here, but I was just kind of not into it and unfortunately I did have three consecutive losers today. You know it was sort of disappointing so my accuracy just wasn't really on point as much as it's been earlier in the week. So anyways, this morning as the markets about to ring or the bells about to ring, I've got a ygy up I've got so low up right here and I had G sum up over here and the bell rings and all of a sudden GCM starts to take off and I was I was surprised I mean I was like okay whoa okay it's it's taken off the place that I really wanted to be a buyer on.

it was the break of three but it immediately took off and I was like you know what I'm jumping in and I chased it I jumped in at three of seven, I got a partial fill and I was like who cares adding it 3:19 this thing is taking off and what we've seen in the last three or four days is that the first stock to take off has been going crazy and I chased it I I chased it the same as I chased TMS are the same as I Chased works yesterday because in this market it's been working. we've been have kind of one opportunity and if you wait for the pullback you just don't always get it. so on this one I just kept buying as it was going higher you know I was like all right guys I'm adding here I'm adding here looking for the move to four. let me pull a chart back up back of mine.

target was maybe it goes up to five fifteen. the 200 moving average and the fact that we had headlines this morning made me feel even better about it. So I just added right up into that move to 414. Now it got halted at 414 and I was expecting and open higher I put in order to buy and I was expecting a move up to at least 450 and then the Target was $5 at that point, my cost basis was like 355 or something like that.

It resumes from the halt and you can see it hit a high of 414 and it double topped, which is not what you like to see. There's two things that went wrong on this resumption: Number one, it opened basically flat and started to sell off. You know, so number one, an open flat. Number two, it started to sell off and so on this one.

I quickly switched gears I sold at 97, has tried to sell at 95 eighty. got some slippage, got filled of 74, filled on a pop up to 409 which was great. got a good little exit there and then added back in 83. so I added back right here thinking okay, maybe it was pulling back for a second, but if it surges back up over four, you know, then back to four $55 kind of Target I Stopped out of that for a $900 loss right here at 351 and that was my first loss I then got back in at 370 and stopped out for a $1200 loss right here.

So that's two losses in a row. and then the third loss was jumping in a Lrn off the scanners at 250 and 250 4 and stopping out at 242. So now I've got three losses in a row and I went from being up I don't know 7,000 to up 4,700 or 4500. a Lrn hit the high momentum scanner and it just hit the scanner and then it like immediately reversed I ended up buying high a day was 55 and I was in at 52.

so and I bought at 54 so that was not a good trade. That was disappointing. But again with the news and hitting the scanners I was kind of like thinking that maybe it would it would open up a little bit more. I mean there's a Lrn right there so you know the thing I Guess this week is kind of.

My strategy has been step up to the plate with big size because we've seen this month a couple of huge movers now had GS um opened high which I thought it would and squeezed up to 450 475 $5 Boom! That would have been another $10,000 day right? I mean it would have been an awesome day and I was willing to take some risk to make that happen. So you know it's not like I'm trading with small size I'm being aggressive I'm stepping up to the plate I'm looking for these. You know these big moves and today we just didn't I mean we got this one on GS um but I didn't make as much on it as I could have because it didn't continue I saw a bunch of you guys that jumped in it early on. You know around this kind of 3 325 spot, you did really well.

325 350 375 First one minute camel to make a new high right here. Nice technical breakout. Gave a nice 15 cent, you know, pop back up but it couldn't get back up to the highs. So you know this one for whatever reason was just a little heavier on the sell side.

and it's It's one of those things you just never know. Sometimes we'll have ones like you know works on this day here that they take off and go from four all the way up to 11 39. You know, like just absolutely crazy momentum. and sometimes it feels like we run into a wall.

And what creates that wall you know is it can be any number of things. It can be someone who's been holding the stock for a long time who is putting shares on the open market to sell. Sometimes you have insiders who want to take profit and sell. That can certainly be a factor, especially with these stocks that have been beaten up for a while.

And you could have short sellers looking to take a big short position. you know, in the kind of, but these high levels. Its aggressive, just too short a stock that's squeezing up, especially when it has a catalyst and a low flow because some of those can go up 200 300 percent. So we don't always really know why.

some of these have a ceiling and kind of run into resistance. but you know I Trade the market that's in front of me. For me, it's all about rate of change. I'm looking for stocks moving quickly I What I don't do is I don't look for a stock you know that's that's not moving and then just randomly buy it I never do that I Always look for stocks that are moving.

so here you know works. by the time I'm getting in, it's already moving. I'm chasing it up. But that's okay because the fact that it's moving is what tells me the stock is strong.

It's what tells me the stock has potential and that's really always been my strategy. Look for momentum, look for something that's moving, and then jump on the momentum and ride the wave as long as I can and you never know how long it'll be. Sometimes you end up getting these huge moves, and sometimes you end up buying the top and you know, over the big picture my accuracy is about 70% So you know sometimes I'm I'm right, sometimes I'm wrong and you know I just try to be right more than I'm wrong. So I had the three losses in a row, but you know I hadn't given back more than half of my daily gains.

so I was willing to go ahead and take another trade. A couple of rules that I have number one: I have a max loss per trade I keep it at about thousand dollars. that's why I always start with three thousand shares. Three thousand shares is thirty seven stop I double to six thousand now I've got about it.

Well, fifteen cent stop I go up to nine thousand now I have a ten cent stop. but by the time look at I mean look at this GS um trade. by the time I had nine thousand shares, I was already up from my first entry at 307. So now I can actually set a stop at breakeven.

Okay, and then I can go ahead and add more and start setting profit stops. You know this strategy works well when you have good momentum and we've had some great momentum in the last couple of weeks. I mean we had s XTC that made a really big move, you know Chinese stock from $4 to $8 we have TMS So our make a big move. we had Wor X So momentum trading is all about looking for where there's momentum in the market and jumping in as quickly as possible.

My you know secret Weapon are these scanners right here? My trade ideas Now these are my own scanner settings, but this is how I find the momentum and market a Lrn Rd RK da. So Arcadia gets the scanner and I look at it and initially I'm like, well, not really sure but I see potential for this move up to 622. So I went ahead and took a starter along and made about $200 On the long side and that was in my my IRA right here. So I take a $200 scalp to the long side and then you know as it started to reverse right here on this little one-minute pull back I flip directions and went sure.

So I went short and made I don't know like 300 bucks to the short side right down here and then I covered the short. sat for a second and then as it came up right here I got back into the long side and then I stopped out right down here. Someone told I lost about $750 trading it long and short I wouldn't have held any of the positions any longer than I did by long right here I wouldn't have held it through this pullback. my short right here I wouldn't have held it through this move higher and this long you know I wouldn't still be holding it.

you know each. each one gave me a reason to get out and unfortunately on that last one I I lost more than I had made on the first two. So today's a day where you know there was a little bit of momentum in the market out of the gates I really didn't I did not expect GS um would be strong I really didn't I mean it was on the watch list as a maybe, but continuation setups you know, like see LPS yesterday. You know they don't usually work out super well I mean I mean sometimes they do, but a lot of times they don't So I really wasn't that into it? My first entry was 307 and I only got a partial fill and I added at 319.

First target was 350 and then as it started to get more and more momentum I was like yep, I'm just gonna keep adding on this, you know, and just try to ride this momentum so you know it's right. You know, right off the scanners. I mean that's the strategy. So you know when you have these scanners you're able to see the momentum in the market.

And right now you know at 11:21 things are definitely slowing down a little bit. We're not seeing as much momentum, not as much as really moving and that's typical. Things often slow down around 10:30 11:00 Sometimes it picks back up in the afternoon and other times you know that that's kind of it. But if you're a momentum trader what you're looking for, our stocks moving quickly and the goal is pretty much for me always to jump in, set a 10-cent stop, and then you know, hold on, see how far we go.

So it worked ok today and not the biggest day of the month, but $3,700 is good, you know. Last Wednesday I made only four hundred seventy six dollars. So you know? definitely a decent day here. You know, Like I said, I'm up about seventy thousand on the month now.

I've had a couple of really, really nice days and you know, closing in on that thirty thousand dollar monthly goal. So let's see, we've got one, two, three, four five, six seven, eight nine, ten days left in the month. Alright, so ten days left in the month and you know we'll see what we can do. hopefully.

I Can you know? put the pedal to the metal here and you know and realistically today on GS Um, if that had opened higher, gone to four fifty to five, you know probably would've been a 15, maybe even a $20,000 winner. And just like that, I'd be within ten thousand dollars of my monthly goal. so it'll have I think it will happen at this point if I if just even two of the next ten days give us some great opportunities I should be able to close in on 100k. It really shouldn't be too hard at this point.

You know the 117,000 spot that I'm not sure about? Um, you know cuz I'm right now. I'm about. let's see. Alright, so I am $38,000 away from the 1 million dollar goal.

So $38,000 you know? So that's kind of my goal for this month. You know, thirty thousand to the hundred came monthly goal. Thirty-eight thousand to the million dollar goal. which would put me up a hundred and eight thousand on the month.

So yeah, I mean that's realistically. that's that is my goal. But you know, first line in the sand hundred K month and then I'm only eight thousand dollars off that level. So hopefully I'm able to get there by the end of this month.

we've got ten days left. markets closed this coming Monday for Presidents Day You know, so that's gonna be a little bit of factor. I'm gonna be out. you know I know I have at least one day that I'm gonna be out later this month.

So actually for me I only have nine days left to make another Wow $38,000 But you know, as long as we keep seeing momentum and you know this is the thing where emotions start to run high in the market when you start seeing stocks you know, like GS um or like wo Rx that make really big moves, you know, even for me I start to get FOMO and the next stock I see that shows strength I'm that much more aggressive and you know today I was probably the most aggressive I've been in the last couple weeks in terms of share size. but you know I keep stepping up to the plate and getting these. You know really nice trades and you know the only difference between making 5,000 a day and making 10,000 at a certain point is your share size and I'm the only difference between 10,000 and 20,000 is your share size. So when I see these opportunities, I'm trying to be more and more aggressive.

but no doubt if I do have a big red day, I'm gonna have to scale back and readjust. Today was probably the poorest accuracy I've had out of the last you know, week and a half so you know I'm probably gonna be a little careful tomorrow Thursday and then Friday as we finish up the week. but you know I'll trade the market that is in front of me if we see great opportunities. we see stocks moving like GS um all of a sudden taking off 20, 30, 40 cents? I'm gonna jump on ride the momentum.

Alright so anyways, that's it for me. I'll be back at it first thing tomorrow morning 9:00 9:15 for pre market analysis. Hope you guys have a good afternoon and I'll see you all in the morning. All right bye everyone! if you're still watching, you must have really enjoyed that video.

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