Alright guys, well thank goodness the cold streak has ended. Today is my first green day after four red consecutive days and it's thanks to Momentum in the the Shipper sector. We had strong momentum on Tops teo PSI no s ino also on G lbs and DCI x. I didn't trade the last two because I kind of miss good entries or felt the spreads were too big.

but I did get some trades on Sino and Tops and I'm finishing the day up 2042 dollars. so Green is good. Obviously this is you know, gets me. you know I mean I'm down $14,000 from my high.

So this is you know, takes $2,000 out of that. so down 12,000 now. But you know this if you picture it is a kind of that apex point hopefully in the flag where I surged up to a hundred grand and then I pulled back four days down to my nine moving average. Today's the first day to make a new high.

Hopefully I'll just kind of keep grinding back up towards a hundred, but you know we'll see what the markets willing to give us again tomorrow. Now today I came into the market with a very different attitude than I had yesterday today. I wasn't trying to be aggressive and get a big win. I was I was saying I'll probably only trade 2500 shares or maybe 5,000 at most because I haven't been doing very well the last couple days.

so I'll just kind of test the water and and see you know what's out there if there's anything that's working, if there's anything that's looking good and then you know. Next thing I know I'm in 10,000 shares of Sino. but at the same time it was because we saw Shippers running. It's because we saw the momentum and I knew it was a it was a good set up and it was a better setup than any of that we've seen in the last few days.

So now the trade on Sino I'll show you guys who are watching on. Facebook So there's the P&L for today over on stock too. Here it is on my live trading account and this is the tops chart. So at EOPS today you know out of nowhere surged up a hundred percent.

I mean just completely out of nowhere. why did it happen today and not yesterday? you can see on the daily chart. for whatever reason today was the day that it got some action squeezed from a dollar twelve to two dollars and fifty cents now right now coming up towards the two 40s again. so there were a couple of opportunities on this one and I you know I sort of missed.

probably the best opportunity which was this flag right here this consolidation at the nine moving average but I got in on let's see I took a couple trades. the first trade I took on it was let's see I got a look go back here and look at my my trade. So the first trade on it was at 186 and I sold that one. Let's see for a twelve dollar profit.

So I got in, it didn't work I got right back out and then I got in again at 231 which was on this red candle it popped up to 235. it couldn't hold those levels and so I stopped out of that with a two hundred dollar loss and then I got back in at 240 right here for the break of the first 5-minute candle to make a new high which is what I thought was gonna happen when I got in at 235 but I got back into 40. We popped up to a high of 249 and then one of the things I showed on on my stock to its feed was a 60,000 shares seller sitting at 250 and that guy was holding us back and when I saw that I bailed out at two forty two forty four so stopped out but with profit so it got me up one hundred ninety-four dollars on the name. Now when I got in sino I got in it because Tops was already running so you know Tops was showing strength and I was like alright I'll jump in this one.

What? I like about Sino when I saw it hitting the scanners was the fact the daily chart had all of this room up to that line at 375. I've above 375 to 427 so I knew this one had a lot of potential. It was above it's moving averages and so I jumped in at 292 as it was spiking up and we got the spike up to a high of 317 319. I was waiting for it to break over 320 and then we had a on that one a ten-thousand share bid sitting at 310 and when we came back down the first Campbell make the new low I just stopped out so I stopped out of it.

Took the profit and you know what? That was absolutely the right thing to do in that on, you know in that particular case. So I took my two thousand dollars, twenty one hundred got out of the trade book. the profit and that really put me on the map now. I was also watching Gee Lbs, but I was a little concerned on this one for a couple reasons.

Number one, it was running into it's moving averages as it was coming back up and I thought that would be a problem. Number two, the spreads were pretty big and the volume was pretty light. So even during this consolidation here when it before it broke over 550, I mean there was less than like I think 400,000 shares of volume, it was really pretty pretty light on volume. and so it had these like 15 20 cent spreads and I thought yeah it looks interesting but I don't know.

Next thing you know it goes. You know from 550 560 up to 750 so it was a great set up. It was just a little light on volume I didn't totally feel comfortable on it the daily. it was a little iffy on so I played it safe and you know I missed out on a trade there.

but at today's a day where I'm getting kind of you know back in the driver's seat, back in the green and it's a hundred percent thanks to Momentum in the shipping sector, you know those four or five stocks getting some real action so you know it's something that we haven't seen in the last couple days now. Really? I don't want to I mean hopefully tomorrow we have some something a little bit more substantial, like a real catalyst that drives a stock higher and that may or may not happen I Don't know, but you know as we get in towards the end of the week, I know that I statistically have not been doing well on Friday So I do have to be sort especially cautious now to look for a second at some of the trades students have been taking in the simulator. So let's see I Was looking just earlier today at the trading simulator and noticing some of the profits of students have. So here's a student Michael who's up 2,600 bucks today.

The stock sees traded Dpw, Jane ugh see er um CRB and Tops. So MC RB is interesting because tops is obviously and CER you were both in play. but MC RB is one that we were watching a little bit earlier today. Let me pull up the chart on this one.

So this one let's see MCR B ran in the morning from Nine Ten Dollars all the way up to Twelve Forty-five It was really strong and then that first pullback got bought up. My concern on this one was that the spreads were a little bigger. Right now you've got a seven cent spread which is actually pretty tight, but earlier today it was like a twenty thirty cent spread and I felt like you know what? it looks interesting I like it, but this is one that I think I could really get into trouble with if I take two thousand or three thousand shares and I sort of have gotten into this mentality that if I can't take sighs, it's almost not worth taking the trade which is sort of one of the things I was mentioning pre market when I was kind of going over my watch list. In the last few weeks, my green days have been not less than two thousand dollars.

I mean they've been between two thousand and eight thousand dollars? That's a Green Day for me. So I'm gonna make that kind of money by taking five to ten thousand or even 15,000 shares. I'm not going to make that kind of money taking twenty five hundred shares or taking a thousand or Taking five hundred So if I see a stock like MC RB and I'm like, well I probably can only take you know, five hundred shares of it. It's almost like not worth it.

And I said today that I was going to try to change that perspective a little bit and be willing to take smaller size just to sort of get myself back into the groove and try to break this red streak that I've been on. but that one was not one that I felt comfortable taking. Sino I We've totally felt comfortable just having 2500 shares or 5000 because I still could have made you know 500 bucks or a thousand. but then it ended up being one that I felt good enough to go heavier on.

So I think that's kind of been the thing with my trades in the last, even the last four days of this hot of this red streak. that because I've been in this sort of habit of being really aggressive I've had just some huge green days, you know, just ridiculous. but then when it's going the wrong way, I've obviously had the big red day, so trying to kind of taper that back into more of a more consistent strategy or less maybe more conservative share size has been tricky. Alright, so that was Michael you see Andy here.

His trades today looks like a couple that he's still holding traded. Let's see, AMD rocks. D Gaz So a little bit of a different strategy here from what I usually trade, but it's definitely put them. put them on the map.

Steve Why Rd MCR be 900 bucks each. You know it shows that you don't have to trade ten different stocks to make really good money today. I Traded two stocks Rahl Here traded CER you sino and tops. So he had three stocks that he traded and you know he kept it simple.

he's not over trading. you know, get in, get out, book your profit, move on to the next one we could see Robert here. He's got a couple different stocks that he trade to today and you know he's got a little bit of red on there. a couple red trades but they're small losses and then he's got one nice big winner on Momo which is good so you know it's kind of interesting to look and see what some of these traders are doing who are having some good days.

A lot of them, you know, trading the shippers trying to capitalize on that opportunity that presented itself today, but you can see some of them were trading CER you which was follow-through from yesterday ad PT and INL those were in play today. In contrast, we can look at some of the students who lost money today. Let's see and kind of see what they were doing and you know some of these guys. this is AMD and Jane ugh.

So he's trading gold, which is a really sort of tough one to trade be commodities, trade higher price here on En DP NRG GoPro MT So he's trading some different stuff there. Let's see Ivan See er you now. Interesting here: he's trading the same stocks, but you know clearly his entries. you know something's not quite right there.

So if I look at his trades, you know I can see that he's getting in at 66, getting out at 66, getting in at 570, and then stopping out at 528. So you know he took a pretty good-sized loss on that with 5,000 shares. you know, which is which will definitely knock you down quickly. And that's the thing that you learn with these setups and that I've certainly learned in the last few days.

You have to be smart about how you position yourself because if you're too aggressive, you know you can get stopped out really quickly and before you know it be down 4,000 or 5,000 dollars. It really doesn't take much. Another trader on gold trading dust down 9,000 so you know we could see some big swings in the P&L which is why it's really good that these traders are trading in a simulator to practice. You know, before they go live.

I Mean that's that's the whole point of this that you know you trade, you practice, and then once you've built up, you know a period of success that you're able to transition to trading with real money. And if that would save me $30,000 if I had done that when I was getting started. So nice to see that you guys are practicing about 385 traders in the simulator today which is good and it seems like it was performing pretty well. Quick order execution which is awesome.

So anyways, that kind of you know, wraps it up for today. Overall, not a bad day. I didn't trade a lot. You can see G Lbs here breaking out.

This is kind of what I was wondering would happen. This started a lunchtime breakout, but again, you know it's not a bad setup. Not sure why it spiked up here instead of you know on this candle. we've been at the nine moving average for a little while, but the risk is higher.

You know right now you're at 781 and look at how quick I just dropped to 765 on the level to 763. So imagine if you were in this with 5,000 shares, you know, 755 on the bid. Right now by 778, you know you've got a 20 cent spread that's a thousand bucks just across the spread. So that's the challenge.

and that's why you end up seeing a lot of these candles, end up having these big topping tails. they squeeze up people marketing in covering shorts and then they come back down as people bail out by hitting the bid because when you have that big spread and you hit the bid, you're yeah, you're down twenty cents. So anyways, like you know, I guess I missed this one but I think I'll be ok with that and just happy to you know, mark my day down as a green day on the calendar and break. You know that that four day red streaks.

So that was the first time in a quite a long time quite a while that I've had four consecutive losing days and obviously you know it's not fun. It's a little bit stressful, but it's part of the deal with trading. you know? last year I had a 56 day green streak where I was green every single day for 56 days. which is, you know, crazy I was green every single day in my small account in January and you know I've been fortunate.

So last couple days I was paying my dues. Maybe I was being too aggressive, but you know that's that's alright. I'll bounce back and you know, work my way back up towards $100,000 So hopefully I will get there by the end of the month. Originally I had said the end of March was my goal to hit 100k.

so I hit 100k like the first week of March and then pulled back. So now we'll see if I get back to 100k by the end of March. Alright guys, so that's it for today. We'll be back at it first thing tomorrow morning and hopefully we'll have some opportunities to catch a little bit moment, a little bit of momentum, but also be willing to sit on my hands if there's nothing clean.

So make sure you guys trade smart and I will see you guys first thing in the morning. All right! Thanks everyone! 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 Happy surfing.