What's up you guys? Alright, well here we are. It's Monday morning and starting the week with fourteen thousand dollars profit. Not bad. It's actually my second smallest green day of the month, which goes to show that this has been an absolutely insane month.

Fourteen thousand dollars is still a really solid day. The only thing that is frustrating today is that I had a couple of trades on any te where I was sized up with eight 6,000 and 8,000 10,000 even twelve thousand shares and I was I was sized up ready for a dollar a share, dollar fifty a share breakout and then stopped out break-even It happened twice and that was really frustrating and then I had one that I wasn't sized up really aggressively on. I had about six or seven thousand shares and dropped almost a dollar a share. I was down seven grand.

I actually added on the dip it popped back up a little bit. It was still a loss and so I was kind of frustrated because I felt like I was stepping up to the plate. you know is the pictures coming in perfectly I was like this looks good and then is just like not connected and I don't think it was anything that I was doing wrong today. I think it was just.

you know. As it turns out, some days are harder than others and today the momentum wasn't quite as hot as it was last Tuesday Wednesday, Thursday and Friday but last Monday also made only about fourteen thousand nine hundred dollars so you know it's Monday's are are the beginning of the week. I Usually like to start a little slow, kind of test the water and then if it's hot you know ease in and you know ease onto the throttle and be a little more aggressive. So kind of.

This is the same as I how I started last week and tomorrow definitely has an opportunity to be a really great day. but you know it's the markets got to be hot. We've got to see the Gap errs and we've got to see them hold their pre market high or pullback and then break the view app and then rip through the pre market high. And that didn't happen yet, at least with either of the two stocks of our leading gaffers.

So you know, of course it may happen midday or afternoon. but I don't want to overstay my welcome. so I'm gonna take the money off the table. It's always a hard decision to no one to do that and live to trade another day.

so I'll be back at it tomorrow. Enjoy the recap questions, Comments: leave them right down below and I'll see you first thing tomorrow morning. Live streaming right here my watchlist right around 9 a.m. All right, see you guys tomorrow! All right everyone.

So we're gonna do a little bit of an earlier midday market recap. It's 10:00 a.m. 30 minutes trading 14,000 $271 and 21 cents and I'm done for the day. I Don't really want to overstay my welcome today.

The two leaving Gapper in the entire market this morning were ne te well, not including these really light volume stocks NE te and EDSA these are the two that I was focusing on in trading as you can see right here and both of them are sort of below the the high right now. I Will say that in the last few weeks I've actually been making some really nice profits between 10:00 and 10:30 But here's what I don't like on EDSA I don't like this big rejection right here. And it did. it did to kind of nasty rejections.

it did one right here, a rejection of the volume weight, average price. It then broke it and then did a false breakout, a rejection of the whole dollar of 8 and is now coming back down towards the lows. So this to me just feels way too risky to be trading. To the long side, it feels weak.

it's not holding up super well. it's well below its high which was 980 pre market. so EDSA don't want to overstay my welcome on it I'm I'm you know I thought maybe it would be a bigger winner than it would than it was, but $3,400 is not nothing. so I'll be content with that NE Te leading Gapper up 10,000 and this one is kind of frustrating for me because I did get chopped out on it a little bit.

I had a couple of difficult trades that really didn't work out super well. As you can see, this range has been crazy. At the open, it rips up to 1350, drops down to 1130, rips back up to 13, 40, drops down to 1112. right here is it dropped to 11 12 I actually got long and I thought it was gonna do a false halt and as it turned out, I was holding into a halt going which I really don't like when that happens, you know, but it does happen from time to time.

So I was in that into a halt. Going down long at eleven dollars and twelve cents on resumption, it ripped here up to twelve so I actually ended up making fifty cents on it. It then does a consolidation right here. It then pops up to Twelve Forty four and gets halted.

on resumption of the halt, it drops down I bought the dip right down here at Eleven Seventy five I then added at 12:25 and Twelve Thirty five thinking that was gonna break over the half dollar right here. It then flushes and drops down to eleven and I get back almost half my profit on that loss right there. It then sells off some more does a false halt down here and I did catch a bounce coming back up I think goes actually right here that I caught the bounds from ten dollars up to Ten Seventy-five So and then I did it again. like right down here so a couple dips off the low I did not trade this last one but again at this point I'm just feeling like you know what I'm I'm trading I'm I'm kind of facing an uphill battle.

you know, trading against the the trend when it's clearly stair stepping down and you know on this one I did the best I could but I had a couple of trades where all of a sudden I was down 50 cents like that and so like down here on any te. This is actually a spot that I would kind of you know generally be tempted to take to take a long to try to take a dip bounce trade. It's a double bottom down here at 61 you know, but with the momentum clearly to the sell side I just don't want to be early on that and then again get a cotton halt going down. so for now I'm just gonna say you know what.

I'm happy with a 10 grand and I'm gonna I'm gonna leave that alone. So 10,000 on any te, 3000 on EDSA and 250 on G in U.s. which was kind of choppy. it's curling back up a little bit right now, but I tried to actually took this trade pre-market for the break of $5 and it hit a high of 505 and I I sold.

So five cents of profit or whatever that was on 5000 shares so you know I am a little bit bummed out today that we aren't seeing the crazy crazy Momentum that we've been seeing from the last few days. But at the same time, you know, trade the market you're in and if things are slow, it's much better to ease off the pedal than to keep adding on something like this that's dropping more and more and more. I mean at a certain point people are gonna stop buying dips off the low because it's just, well, where is it gonna find support? This thing could come back down to six bucks. So you know today is maybe gonna be a little bit of a day of rest for Momentum Trading.

Not that 14,000 isn't great, it's a terrific day, you know by most standards. but it's my second worst day of the month. so you know that's where I'm at right now. My worst day of the month was only 4,000 in profits.

So this is my second worst day of the month. and it's because the two leading Gabor's have both sort of faded. Even though they've provided some opportunity, they didn't break v Wagon trip to the highs. So in order for this to be like a 25 35, 45, 50 thousand dollar a day I would have needed this either right here or right here to rip up to 12:45 or in this case rip up to 13 64 and squeeze up to 50 and 16 17 18 now I was skeptical of this one already because the pre market news was letter of intent to merge and I was kind of like okay, well usually that comes with a price I didn't see any prices so I was a little bit.

I was a little bit sort of put off by that catalyst, but clearly it was strong. so I didn't want to overthink it too much. but I do think that that catalyst probably didn't help things. EBS a was a Kovac 19 catalyst.

so I was like okay, well those have been pretty strong. but I think what happened here is that all of a sudden momentum shifted to Ne Te and so EDSA if I need to II hadn't popped up, might have actually kept going. but you know traders kind of shift their focus to whatever is really hot right now. So instead of looking to do dip trades and kind of buy up this EDS a pull back.

That was happen pre-market at that point traders were like EDSA is dead to me I'm focusing on Ne Te, this became the new you know, the new stock in town so it's kind of funny how that happens and I think that that might have been kind of the case today and any tease catalyst maybe isn't quite as strong and traders are. Maybe some traders are a little smart, smarter and they're knowing that and not as aggressive to buy the dips and maybe more aggressive to shorten I don't know. but in any case a green day today. a little bit of a slower start to the week, but Monday's do tend to be a little bit slower for me usually as I kind of them just testing the water and kind of getting back into the groove and seeing what the market feels like.

Though the last thing you really want to do at the beginning of the week and I'm sure this is gonna be salt and open a woman for some but is to you know have a big loss because then it kind of sets the tone a little bit for the week so you know it's the same with each day starting the day with smaller trades and then scaling up if it's strong, starting the week a little bit smaller and then scaling up if it's strong. I Generally think that's a better way to do it. So today you know a little bit of a smaller green day for me, but a green day nonetheless. a good start to the week and I only have at this point for more green days to go in order to tie my previous longest hot streak.

so I need to be green through Friday and then I think if as long as I'm green on Monday I will break my previous record in terms of the number of consecutive green days in a row. And you know for what it's worth having consecutive green days. If if it's really your mission and you're really kind of focusing on that, the easiest way to have consecutive green days is to start each day with small share size. That way you don't risk hitting max loss and being knocked out on your first trade.

If you do go red, you have to be really selective as you look for the next trade. But because you start with small share size on the next trade, you can trade with slightly bigger share size and then get yourself out of the hole. Of course, if that does become a loss, then you've got kind of that third trade. So now if you've got two losses right out of the gates, you've got the third try to get you out of the hole.

So the worst-case scenario would be three consecutive losers and on the third one with bigger size even than the first and second that you go red. and then that's when you hit your max loss and you're done for the day. But usually if you've got a decent level of experience, you're not super likely to have three losses in a row. I Mean it can happen, but you can usually avoid that just by through experience, intuition, making good decisions.

So you know the problem is. if you are trading with that mindset of trying to have a consecutive day hot streak, you're going to be more conservative on your first couple of trades. and on some. In some markets, you really only get one or two trades and then things are just kind of dead.

So when that's the case, you're really not gonna make a lot of money. So during my last hot streak, I had days where I would stop trading up only a couple hundred dollars or a thousand dollars and I would just be like wow that that's it. You know there's nothing else to trade, which is sort of how I feel right now today that there's not really anything else to trade. Nothing is really ripping.

There's a couple things that are selling off I could try to dip trades, but I don't want to, you know, overstay my welcome when it seems like momentum is fading. So the good news is that because of where I'm at with share size, I was able even still to get a good cushion. But anyway, so that's it for me. I Will be back at it first thing tomorrow Morning Warrior Pro students.

We're gonna jump into the classroom and we'll start class probably about 15 minutes. so we'll start class a little earlier today and try to make some good progress. All right. So I'll see you guys for summer school in the Borah pro classroom.

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