What's up guys? All right. So time for a midday market recap. We're gonna go over the trades from today. today's the first day back in the office after a four-day weekend.

took Friday off. so obviously there was no day 33 recap. Well, today is day 33 but there was no recap on Friday no trades on Friday I was tempted to trade when I was in the airport I was in the airport right when the market was opening and I was watching tops and you know I made my watch list and everything. post it for everyone and you know and that one I said that I liked it for a scalp only but I didn't trust it but I did like it for a scalp over 450 for a move up towards $5 and it broke 450 and went right up to you know, 495 so it would have been a good scalp out of the gates.

I think I could have done it with you know, three four thousand shares but I don't know. you know trading from airport Wi-Fi is not probably the smartest thing to do. so I trade I just decided to play it smart and no trades I just sat tight kind of walked you guys through what I was thinking on that one and I think that was the right move I think if I had traded, I would have if I had lost I definitely would have regretted it I would have been like that was stupid and if I made money I think I might've still felt a little guilty that it was. it was too risky.

All right. So here we are Tuesday morning back from the vacation and you know for me, I was sort of thinking that I needed to kind of ease into the market a little bit today any time I step away and you know I'm out for you know, more than just the weekend I kind of feel like I need to kind of get my sea legs back again in a way where I kind of transition back into the market if I jump right back in. you know, with like a 1520 thousand share position I can get myself just kind of underwater real quick and so I wanted to sort of transition in a little bit more gradually today. and so the game plan was that I would take a couple trades out of the gates.

you know, hope to have winners on the first three, but limit my share size to 5,000 shares. if I get some wins, build up that cushion. Maybe then I would advance up to 10,000 or 15,000 but not until I built up a little cushion. So the net today is two thousand, six hundred and five dollars, 84 cents on four stocks which were a total of I think it's six trades I took six trades and had five winners in one loser.

So that's 83 percent accuracy which is pretty good. average winners only 11 cents, average losers 12 cents so kind of one to one ratio. but the accuracy was solid. Now to walk you through the trades that took today, you know I was I Was pretty excited about the Gap scanner I Thought it looked really good this morning.

So let's pull this up here for those of you watching on Facebook I'll show you my Gap scanner and my P&L today in one second. So 9:00 a.m. this morning. so this will be the Gap scanner on the left.

so that was the Gap scanners. We looked at it this morning. there's my P&L for the day. This over here is my live trading account.

so Apop this was one of the ones I was watching pretty closely. it's in blue only because I have my mouse on it Apop 3.14 million share float headline this morning. So there was news out gapping up 22 percent for 140,000 shares of volume IG gapping up 37% So I was watching IG Apop I dxg I was also watching and RL je I wasn't super interested in. the volume was pretty light but you know that was.

that was pretty much the the thing I was really looking at out of the gates was Apop and that was the first trade that I took. All right. So let's pull up a P o P and I'll kind of walk you through what I was thinking on this one. Alright, so Apop we traded this last week had some great trades on it, but it tapped twice.

this resistance level. It hit first 677 and then came up a second time and hit 677. This morning we were opening above that level. we gapped up to a high of 750 pre-market and based on this pre market flag I could say well I want to get in this for the break of pre market highs so I want to get in at 750.

The problem with that is we were consolidating pre market right around the 9:00 moving average between 7/16 and 7:20 7:30 and we actually had this high which I circled in blue right at 7:31 which was the high at 9:20 All right. so at 9:20 we hit a high of 731 and I have two options here. Option number one is that I wait for the pre market highs to break to get it I'd be getting in at 7:50 but if I get in at 7:50 it's gonna already have popped up 30 cents there. 20 at least 20 cents before I'm able to get in which with 5000 shares is a thousand bucks.

So I said no, you know what I'm going to do I'm gonna look to get in this right here right over the break of that high at 7:31 with my first target being a retest of pre market highs of 750. Now if it retest the pre-market highs, hopefully we break over that level and we go up even higher. So the market opens and I take 5,000 shares at 7:31 Oops 731 and you could see here in this candle the market opens and we pop up to a high of 777. So I was actually up 57.

almost 50 cents on 5000 shares were just like 2,500 bucks but I didn't sell it, held it because I thought this had potential to get over $8 but what I did which I wasn't doing last week as I put my stop at breakeven when it came back down in this red candle I stopped out breakeven actually I made a hundred bucks I made two cents on five thousand shares. So for me that was really I was really glad that I kept my stop. You know they didn't hold it as it went red because it ended up dropping down to 660. So I followed my stop I mean yes, I was annoyed that I wasn't able to.

you know, lock up the two thousand dollars profit. but I would have been a lot more annoyed if I ended up taking a loss on it so popped up, didn't take the profit, thought it had more in it, came back down, stopped out flat. That was my first trade of the day at that point. I was thinking alright, well you know that's not how I wanted to start my day, you know I obviously like to start with a winning trade so you know now I'm kind of a little unsure.

Time: only up maybe seventy dollars after commissions. Next trade was VRML VRML was on the hide, a scanner squeezing up here. you can see it moving up on this five-minute sharp now. when I saw hit the scanner I was like alright well you know this looks good volumes coming into it.

it's moving up. What I'm going to do is I'm just going to jump in here and try to ride the momentum. So we had the high of this first candle. This is when I hit the scanner on this candle at 9:45 and then we pulled back and on this pullback here.

as we pulled back I said alright if we look like we're going to break over 940 I'll get in I ended up getting in 5,000 shares 937 and then we popped from 937 up to a high of not of sorry to 237 we pop up to a high of 266. All right, so high of 266 that's 30 cents or just about 30 cents. 5,000 shares 1,500 bucks get a little bit of a pullback I Stopped out of this with a total of let's see 980 dollars so you know, not the biggest winner ever. but that kind of got me.

you know on the map that kind of gave me the trade that I needed today to get myself up to the daily goal and really help me build that cushion. So after that trade on VRML I was like alright now I'm getting a little bit of a cushion I can start to be a little bit more aggressive be Lph I Jumped in this one 5,000 shares when it hit the hide a scanner I got in it dollar 30. It pops up to a high of dollar 34 it felt. and normally I don't like trading this price range because this is often what they do.

They pop up just a little bit, they don't follow through and then you know they're just choppy. Ended up only making 2 cents on that 108 dollars. So that trade done and then I was like all right. look for the next one and we've got a EHR a EHR Had news this morning of a four million dollar order.

so a headline this morning. someone calls it out in the room when it was at 4:45 and says hey, take a look at this I pull it up I'm getting ready to get in at 4:50 I'm like yeah, it looks good there's a headline, get into the half-dollar and it pops up to 475 and so I said You know what I'll get in here I'll just buy 5,000 shares and I'll add over $5 This is strong. It's a former strong stock. It's a former runner.

It's got a good daily chart, it's spiking up right now with volume and we've got the catalyst. I'm gonna jump in. Got in 475 5,000 shares and the stock is halted. It opens at let's see, we opened at $4.99 so we open up 25 cents and we squeeze up to a high of 528.

At that point I was again up like in 2,500 bucks. Buzz thinking okay this might continue to 550 maybe even six dollars I'm gonna ride the momentum well it ends up rolling over and I stopped out as it came back down at five dollars which was about 1,200 bucks right around there. Then I decided to get back in I'll show you on the 1-minute chart I decided to get back in for the break of five dollars right in here on this candle on this one I only took 1,700 shares I wanted five thousand but I got a partial fill pops up to 505 and then it rolls over I cancelled my order so I didn't get filled as it came back down and then I stopped out at 480 so I gave back about 300 bucks on that and I'm finishing the day up a thousand 36 dollars on this name I was like all right, not bad, not bad. A couple couple trades here put me up about two thousand dollars on the and then I jumped in back into Apop I saw Apop starting to curl back up on the 5-minute chart so people in the room were like hey, take a look at it looks good I pulled it up I said yep it sure does look good so let's pull back the 1-minute chart here.

All right. So I jump in at let's see right here at 7:50 pops up to a high of 758 and then drops all the way down to 720. So you know I go from being up 8 cents to down 20 cents and you never want to have that. That's like the negative profit loss ratio on that one.

I decided to hold through the pullback and I was kind of like all right this is this is really not good I was up $2,000 on the day now I'm holding through a 30 cent pullback and I said you know what, this is a good 5 minutes set up. It looks like it's gonna retest high of day right here. but remember what you did last week last week when you took these types of trades and it dropped down and it several of them popped back up just the way this did I didn't sell through the pot because I still wanted to go back to high a day and I made that rule last week that if I get into a trade and I'm down like 30 cents or 40 cents that I'm instead just gonna try to get out breakeven I'm not going to try to let that trade hold it to become a winner. I'm just gonna accept the fact that I was down 30 cents immediately.

It's not a good trade, just didn't work out. get out, break-even pops back up to 750 goes up to a high of 768 and in that pop I was able to get out actually with a little bit of profit I put my orders out to get out break-even at 49 55 and then in that pop I was like all right, hey, that's great, capture a little bit of profit. so up 750 3 on the day and that one trade added about $600 so you know overall you know and then at that point I was like I'm done for the day that was the close call I almost just gave back my daily goal and I'm just going to be be done for the day I don't want to push it I'd rather just close the day green. That's kind of the best way when you come back from a vacation or whatever, you know, just kind of get back into it.

Close the de Green kind of get that confidence back up and then that just there's a better way to start the week. So I'll go into tomorrow, you know, Feeling good? I'm finishing the day on Monday here with the Green trade. Started the morning with Sixty Six thousand, Six hundred and seventy four dollars in my small account. Well, it's my only account now, but tomorrow, uh, opened.

just under seventy thousand. right around Sixty nine thousand. so you know that's pretty? Uh, you know. Definitely pretty impressive.

This is day Thirty three. I started thirty three trading days ago with five hundred and eighty Three dollars and now I'm up to close to seventy grand and I've got my eyes set on breaking a hundred thousand dollars hopefully in March and that'll be something that I'll be very excited about. So you guys have obviously been able to watch me grow this account from day one and we've been doing these daily recap severy single day and it's just the same strategy you know I look for the top basically three to four stocks each day that I think have the potential to make a big move. The ones that I think have the potential to move twenty to thirty percent now I'm being aggressive I am being aggressive all.

I'll absolutely admit to that if there's a stock that's gonna go 20 percent or thirty percent if I put my entire account into that into that stock, my account will grow by 20 percent in one day. If I put half my account into that stock, my account will grow by 10% in one day and that's how I was able to grow this account to this level. Now our traders long-term investors Stuff like that would say never put all your money in one basket, you know and I understand that there's certainly risk with that if I look at my average dollar position size just for the the month of February it's forty one thousand dollars per trade so you know my accounts now in the 60s, but you know, obviously at the beginning of the month it was quite a bit lower. So I've been using leverage I've been using my margin using that buying power and I think that it's a tool.

It's a tool that if you know how to use it safely, you know by all means can use it. But you have to recognize the danger and the risk that comes along with trading on margin. And that was especially true when I was trading at Shirt Trader because they gave you six times leverage. So you know they you put in a thousand dollars.

Now you've got six thousand and buying power. So if you lose six thousand, well, you lost a thousand of your own money and now you owe them five thousand dollars. So you know. Obviously there's risk in doing this.

but we know day trading is risky and I'm not afraid to take that risk when I know the reward potential and that's what it's all about. risk reward. So for me, if I had to be really aggressive and leveraged my account leverage that money to take five hundred dollars and turn it into 70 grand in 33 day, 33 trading days days, then you know it's what you're going to do. And the important thing to recognize is that if it beginner trader tried to do the same thing as me, 90% of them would fail and I don't know if any of them would be able to get as far as I've gotten in this amount of time.

I Mean you need a combination of years of experience and just good market conditions to be able to do this, but the reality is, if you have the skillset, if you've got the strategy, if you have the right tools, you can grow a small account. I mean you absolutely can and this is the proof of that. So in any case, that's where we're finishing up here today. Day 33 of the Hundred Thousand Dollar Challenge and I'll see you guys all first thing tomorrow morning as we're building our watch list and hopefully preparing for a good day on.

Wednesday All right, thanks guys! I'll see you first thing tomorrow morning. Let's be honest, if you made it this far, you must have really enjoyed that video. So what's stopping you? Subscribe right here and get email alerts any time I upload new content. Until then.

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