What's up you guys? Alright, Well once again I've got a dog about an inch and a half for my face and she and I are celebrating our girl Come up please! Our 29th consecutive Green Day it was not I actually had a great start to the day I got myself up around $2,500 and then in one trade I gave it all back and was actually down two hundred and fifty dollars on the day and from there I was like alright. well I'm down to fifty I'm I'm not walking away I'm not walking away down to fifty I'm gonna I'm gonna try to do it I'm gonna try to get myself green on the day but ended up taking like two hours I earned some shares a little bit I had some some winners since the blues hers. my Commission's were getting high. arrows start slipping a little bit deeper into the red.

A lot of progress here. this isn't good and then I decide to actually stop trading the small cap stocks and switched gears and I traded grub and n backs and on those two I did pretty well and finished up twelve hundred dollars before. Commission's was not bad at all. Commission today are gonna be higher and mostly on C Bay which is the one I lost on and traded also the most aggressively and you win some you lose some it's I don't really have any strong like man I made a big mistake today or anything like that I think I maybe took a little too much size on that last trade that I lost on but I could have just as easily been a winner.

So you know it's easy come easy go. I'm not gonna be bent out of shape at over it and in any case, I am glad that I'm able to finish the day green because I was starting to think man, there's not a lot of small caps moving I'm not sure if I'm gonna get a chance to get myself into the green and then and backs and Grove were the ones that I jumped on. So things came together today from 29th could 2nd Green Day hopefully tomorrow I can make it 30 green days and once I have I believe more than 30 days I'll be on my second longest green streak. My first longus is 56 days so I've still got a little ways to go to break that one.

but but I think the the second is 30. So anyways, that's it for me. We'll let you guys go and I will see you first thing tomorrow morning. I'll be live streaming the watchlist as always right around 9:00 9:15 so make sure you guys are subscribed to the channel if you're not already, give me the thumbs up for the 29th consecutive Green Day and enjoy the recap as we break down today's trades.

Alright, that's it for me. Enjoy the recap all right everyone! So we're gonna do our recap here. for today. it's 12:20 and I just finished trading I've been trading since 9:30 So it's like a full 3 hours of trading I traded far past my typical cutoff which is like 10:30 11:00 and that was because I was red and it took me until 12:20 to finally get green.

and it was trading grub as you can see right here at $65 stock and trading and backs both of which are up a lot n max is up 62% grub is up 36% C Bay's up 144 percent but I could not III did get green on it and then I gave back the profit. So I'm gonna break down today's trades. you know it's the 29th consecutive Green Day but it was not a not a clean day, not an easy day. It was a day where I had to I had to trade all the way till 12:20 to get myself green which isn't typically something I would do.

It's also not usually a great idea to keep trading just for the sake of being green. I Think that it's something that can be done at a certain level of experience and it's something that a beginner trader should be really careful of because there's a very fine line between giving in to FOMO revenge, trading, and trading. You know, out of sort of an emotional impulse and having you know being calm, cool, collected and saying okay I've dug myself a pretty deep hole I'd like to get out of it today and I can do it if I sit in this chair patiently waiting for good quality setups and that was what I did and you know honestly, probably every day if I want to trade till 3 p.m. or 4 p.m.

I could keep trading I probably would find more opportunities. It's just you know, the fact is, the more time you spend sitting in the chair the more you do expose yourself to risk and look at n VAX Just for instance, in this one candle, it dropped from $41.50 right here down to 39 bucks. That's a two dollar and fifty cent drop in one candle and it came out of nowhere with no warning. it just all of a sudden dropped.

So you know the more you trade each day, the more time you spend in the market the more you expose yourself to something like that potentially happening. And you know I actually as this happened, I was still holding at 250 shares from down. Let's see I got in this at $40 and then added around 40 I added at 41. so my cost basis you know the good cost basis and I took profit I'm up 741 dollars on it.

but in that drop all of a sudden and I didn't want to add because I didn't know why it was dropping that far when it came back up. I got out for a little bit of a loss, but you know that's risk exposure or that's exposure through just risk through exposure time the more time you spend in the market. All right. So let's rewind to 915 before this day really started unfold.

So if I run my scanner here for 9:15 a.m. what we will see is that at 9:15 C Bay was our leading gapper. All right. So this stock was gapping up approximately 147 percent.

It had a 68 million Sherriff flow, but but you know, 147 percent with a catalyst and 7.75 million shares of pre market volume. By the time the bell was ringing ahead, almost 10 million shares of volume, so it was very thickly traded now. I Looked at the stock first on the daily chart I Took a peek at it daily chart. No issue, looks fine.

A little bit of resistance up here around 515, but otherwise it looked fine on the intraday chart. Pre market move started after hours start squeezing up and and it hit a high during the day of about five dollars and 38 cents started during pre-market Then it pulls back and drops I Ended up having some trades down in this area here and I had one that was just brutal. I was actually up on this. Well, you know what? I don't know how much profit I had before that trade, but I was up two thousand about two thousand dollars on the day before this drop.

right here. look at that thing. So on this trade it came back up through the view app I took a trade right here around 4:30 for the breakthrough view app. it squeezes up to 550 full or 454 pulls back I added back for the break of 450 it hits 451 and then drops to 415.

It drops right there to 415 and I was like okay Wow let's see if it pops off that low and it flushed and broke 415 and dropped to 408 and I had to cut my loss at 4:15 So in that trade right there I lost almost 2000 dollars and gave back all of my profit from the morning. So at that point I you know had my P&L like this and I was like okay I gotta see where am I at and it showed that I was down two hundred and forty-seven dollars and I was like God dang So I did the math I knew how many shares I had and I was like wow so I was up 20 probably twenty-two hundred bucks and just like that I paid my welcome and you know this is risk in the market that although we don't expect these types of drops, that sometimes they happen and so that actually might end up being one of my bigger losses of the month around two thousand, five hundred or whatever. It was so disappointing to say the least and it felt like okay, you know what time was that? That was ten? That was 10 past 10. so at 10 past 10 I basically had to start over I was breaking laws red on the day I was red so I was right on the day and from there I had to start over.

Now this ended up coming back up but through here I didn't you know I didn't feel super comfortable I did take this one minute breakout right here but with smaller size as you know / what happened before and it only popped up like a sense. so I made I don't know like a hundred bucks on that. nothing to be excited about. Consolidates, it comes back up I got back in and first right here at sixty I thought it was gonna break sixty, failed, stopped out, lost again and then I got back in again for the break of sixty and this one popped up to a high of 75 I took profit I then got back into 75 I added at 95 it didn't break over five and then stopped out when it came back to 80 I then got back in right here for 90 it failed again and you know this was just a really kind of frustrating stock.

I I made back a little bit and then I gave back a little bit so I'm pretty much where I sat on it after that false breakout right there or this one right here. So yeah, this was not I was only up like a hundred bucks on it before you know I had a couple trades on it, made a little lost a little, not a lot of progress and then I had that really one big loss and and that was it. So I was just like that in deep in the red, well deep in the red I was down flat for $250 or whatever. So from that point I was like alright, well you know I'm gonna try to start digging my way out of the hole.

One traded time and I made the conscientious decision today that if I could I would try to finish the day Green which I knew meant that I was going to over trade a little bit and that was to try to preserve my green streak that I'm on. So today's the 29th consecutive Green Day and being down $250 you know I felt like look, there's a good chance I can find something that'll give me $250 a profit so you know I started looking around for some trades I had a couple trades on see Bay made a little, gave a little back I had a trade on mark right here. a couple trades on it, really not a super easy one to Trey it did have a little break out here earlier in the day which I traded and then it came back up again right here, but not very impressive so not much to show for on that one. Ast see, this was actually a trade from earlier in the morning.

it popped up on the scan I did a dip entry on it and then it popped back up. I made about 15 cents on a dip entry which was nice and NBC was my best trade out of the gates and that was the one that put me green on the day. I did the red to green move on it, getting long for the break of 10 right down here actually on a dip. so a tap 10 it pulled back I bought this dip right down here, bounced off the you app.

I was in at about 75 and then added over 10 and it ripped up to 1060. So that was the biggest winner of the day that was before my loss on C Bay. So in this these aren't soared. with an order of the trade, they're sorted biggest to worst total profit.

but the actual order I think I had a small winner on C Bay Immediately when the market opened, then I had a STC and then an NBC. So you know around that time I was up about $2,500 then I had nine. This one hit the momentum scanner and I tried to do a dip entry on it and I was too early. so on this one I bought it at 80, it tapped three, I bought at 80 looking for it to curl back up and then I stopped out right around here so you know lost 400 bucks on that.

Not not great but not terrible and then after my loss on C bay that was when I sort of, you know, Well first of all I spent a good amount of time watching C Bay and taking additional traits on it thinking that this was the one I was gonna be able to make back my money on. but the problem was that I just was turning shares. I would get in with 6000 shares, I'd make two cents and then see something like a big seller and I'd be like no but get out and then get out and then I get back in and I'd be up three cents and then I take the profit and so it's like I just wasn't making having big wins. it was just small wins and small losses and just not making headway.

So after a few trades there and backs popped up someone mentioned you know, keep an eye on n facts here and I had seen it earlier and I was like yeah I don't know it's put that big red candle you know that drop that was so ugly and this was so ugly. but as I looked at it more and more it consolidated here under $40 and so finally I thought you know why? maybe I'll take a quick trade on it and at that point I was trying to remember where I was out on the day I think I was actually I had the the loss on C Bay I was down $250 and then I made my way to up about $500 but I knew that my Commission's were going to be through the roof and this is my gross profit here. it doesn't show the Commission's on light speed I have to log into the light speed platform to actually see what my net profit is after all the Commission's So I saw my Commission's were like $600 and that was because of how many trades had taken on Si Bay and so I was like okay, so I'm actually red So even though I'm green here, my net profit is red red So that's when I was like alright I Just you know, let's try to grab a couple more small trades and so this one right here from 40 this broke 40 as you can see right here the next spot was it needed to break over 50 and it actually broke 50 nicely and squeezed up to up to 60 70 241 all the way up to 40 150 before having that drop. So I made $700 on that which was good so that you know put me back in the right direction.

And then the last trade was on grub which I hesitated on initially when the news came out that Uber has reportedly offered to acquire GrubHub and you know I saw it spike up I saw it get halted I was just like now this is I'm not in a place where I can trust trading this this is I don't have a cushion I just don't think I can do it. But and that was right when the news came out. But then after the news had been circulated for a little while it started to consolidate and the trade that I took on it was I Believe it, let's see, let's go back here. It was actually right here.

It was a long right here, over 61 and then adding over 60 142 and then adding at 62 and I think I did another add up but like 63 but with small size so 250 shares was my default share size on that stock. I just knew the risk was too high. but still I was able to make seven hundred and seventy seven dollars and with that I got myself well into the green up one thousand, two hundred eighty dollars in 69 cents and green after commissions. So that was my wild ride today from green to red to back to green.

So if I import my trades from yesterday to Trader View, we can look a little bit at yesterday. I Would say that today. Well yesterday today has been a little slower in terms of momentum in the market. we haven't seen as as many really strong stocks aside from Grubb which has been very strong.

but outside Metro excuse me, outside my price range in fact, really quite strong as well. but outside my price range. So with stocks between $2 and $9 or $10 we haven't seen a lot of really strong stocks. the leading gap or see Bay you know we can look at it right now.

This is where it sits on the day, so it's it's it's not. You know it gave some opportunities I had a hard time with it and then I got caught in a couple of big drops so I didn't do very well on it. 9 Popped up, pulled back, didn't hold its level ASTC well same story, popped up, pulled back and hold it's level I made a little on it a sorry that was a STC and then and NBC's the only small cap that actually made some decent money on and that was thanks to the red to Green move. but it didn't hold its level either.

So what I really need is a nice Momentum stock that's squeezing up and holding its levels really well. And we did have that, but only on the higher price names. So after getting kind of frustrated with C, Bay I was like, you know what? I I need to trade something that's moving I would like to try to get myself, you know, green I'm not that far away from green so I'm gonna go for it. but again I Really want to reiterate that that what I did today I did it very conscientiously knowing that I was over trading and that on a typical day I probably would have walked away, but that today I really wanted to try to finish the day Green that was my motivation and that I believed that if I sat in my chair long enough I would find some good quality setups I found a few on C Bay made a little, then gave it back and I was like all right, that one's not working so I'm gonna put that one aside.

then I switched gears and focused on an VAX made a little and gave a little bit back on that drop but still was green so I was like okay, nice progress and then I saw Grubb starting to rip up and I was like okay, I'm gonna jump on that one and try to ride the momentum and that one put me over the green line so that was that was fine. What would not have been fine is if I started jumping in every stock. they hit the scanner because every stock that the scanner was not qualified set up. If I jumped in em bought at 8:43 what would have happened I would have bought it at the highs right before it came back down.

that wouldn't have been good mg s I didn't even look at the stock but you know if I bought that into the highs it wouldn't have worked. So I had to really be picky. And sometimes when you're trying to get yourself out of the hole, you can get sloppy. And when you start getting sloppy and you get a little complacent, that's when you can get yourself into trouble.

So this was yesterday. forty-two hundred dollars of profit today will be a very small green day. It'll probably probably actually be like last. what day was it? oh that's April sorry um, let's go to reports View: I had a day last week.

this was the day last week Friday I just I finished like basically after Commission's a hundred bucks I knew that I over trade it again on Friday and I was like nope I'm not gonna push my luck. So where I sit on the month right now in gross profit? Well, I've got a hundred and thirty four thousand dollars since my last red day, not including today. today's profits won't be significant, but forty-one thousand on the month gross profit and my commissions on the month have been about 1,900 and commissions and about four thousand in Ecn fees which is per share. So I've given you know around six thousand dollars to Commission's so far this month.

but that's not. that's not bad. I mean again, you know you pay as you go so you know it's like if you talk to a truck driver and he was like yeah, I paid. You know, seven thousand dollars in you know, highway tolls you'd be like oh my god, that's crazy.

Yeah well, he's driving a lot. You know he's driving all over the place and he's getting paid every time he drives. So you know, Yeah, it's a lot. but it's cost of doing business.

So it's the same thing with with trading each day as I trade I generate commissions so it's not like I start the month with six thousand dollars in commissions and then have to try to make money every trade I take I paid two dollars and then I pay an ecn fee based on my direct access routing. so I use direct access routing and slits which you can see in like this window right here. So if I direct access route to Nasdaq I'll get the fastest executions and I have to pay for those so it's a toll basically and it's at all that I think is absolutely worth paying. So anyways, yeah, that's that's just part of the way that's part of trading.

and I about that a little bit. and I'll talk about it a little bit more in some upcoming videos. Just in terms of Commission's are something that we deal with. We know that they're there and we do have to be mindful of Commission's as we're trading.

those of you guys trading in Robin Hood we bowl TD Ameritrade each rate account so you have the benefit of no commissions, but you know execution price may not be as good, so that's where you can get into a little bit of trouble. You know, if it costs you an extra five cents per share to get in with a thousand shares, my average gain is only five cents. Now that's total of all the trades, so that's including the losers. So the losers bring down your average and the winners obviously draw it up.

So it's not that all my winners are an average of five cents is that my average per trade is is five cents. So you know that if you had five cents of slippage, the difference between five cents over the course of a month of trading can be significant really significantly. So it's important if you're going to be a really active and aggressive trader that you're managing your risk appropriately and you're using software that allows you to trade as quickly as you may want to. So anyways, today, I I did have to spend some more time sitting in my chair digging myself out of the hole.

but I did it. I have a second shot at maintaining my green streak. Well, this is so these are I've had two days where I've had close calls and I've had to trade a little bit. maybe three days to get myself back to green.

but I've been able to do with these three days. That's happened. So three days out of twenty nine, you know it's not bad. So anyways, anyhow, the market has been a little slow the last two days, but that's also something to be mindful of because you know it's kind of like the tide going out.

Well just wait for it to start to switch because when it switches and we start seeing it ripping back in, we're gonna see some really good momentum opportunities, so you want to make sure you're prepared them you know how to spot them early on so you can capitalize on that profit because it's often the first few stocks as the momentum picks up that are the most dramatic and that starts to kind of wane and slow down a little bit before it's the tide kind of rolls over and we start to see things slow down. So the market really does go in. these kind of, you know, waves of momentum and things are hot and then they cool off a little bit. Now they heat up again and some days it also oscillates between small caps and large caps.

Today, the momentum was stronger in larger cap stocks and a typical day I probably wouldn't have even mess with Grubb Not because I can't trade it, not because it doesn't set up patterns or opportunities, but because it takes more money to take those types of trades and I generally find that I am more consistent, more profitable with lower price stocks. But today, I dipped my toe a little bit in the large caps and higher priced stocks. and was able thanks to those. I Got myself green on the day, so that's it for me.

Day 29: Twelve hundred eighty dollars and sixty nine cents and gross profit after commissions won't be a big Green Day but it is a Green Day So I'll be back at it first thing tomorrow morning and I will see you guys! See you guys in the morning more your pro students! We're gonna jump over to the Warrior Pro Room and do some Q&A here for just a little bit. Hey did you know that? I Go live every single morning between 9:00 and 9:15 to stream my pre market watch list. Subscribe the channel, press the bell for the alert and you'll get the notification.