Hey Oh hey, didn't see you there. so let's see, we'll jump into Midday Market Recap. Just shrink this window down a little bit. Alright guys, so time for our Midday Market recap.

Today is day 58 of the $583 Challenge and I'm up 4,250 $7.38 Now this puts me now up just actually just under right under 110,000 am. I in this account that I started on January 1st with $583 So definitely an impressive run here. As you guys know, I had a little bit of a setback I was on was the date on March 10th I lost 3,600 or 3,500 and that was the beginning of a four-day red streak. And during those four days I lost a total of $15,000 So I went from a hundred and one thousand down to eighty seven thousand.

So you know I was building up, building up and then I had you know four days where I was pulling back which obviously wasn't fun and during those days you guys can of course go on YouTube and see the recaps for each of those days. those were days let's see 46, 47, 48, and 49 and then on day 50, pound it with a $2,000 winner. And since Day 50, I've now made $22,000 So and that's $22,000 in 1, 2, 3, 4, 5, 6, 7, 8, 9 days. Alright, so averaging you know a little over $2,200 a day and you know this has been a really good example.

It's really good for you guys to see of, you know, a trader having a setback falling into a little bit of a rut reevaluating kind of making some adjustments and then coming out of that that red streak with momentum and now I'm breaking through. you know, fresh highs as my account is in territory. it's never been at before. So this is something that every trader, everyone you will experience at one point or another where you have a little bit of a red streak or you you know you make some mistakes or whatever it is.

And the problem for a lot of beginner traders is that it can get you kind of rattled. Where you start to think you know start to get desperate, you start to get emotional. Something we talked about in class one of the day trade chorus last night was the challenge As a trader between thinking with your emotional mind and thinking with your intellectual mind. As a trader, we have to be always thinking with our intellectual mind.

You know we have to be looking at setups and making these analysis. Risk Reward Analysis If I risk $1,000 I have the potential to make Mm If I risk 10,000 Can I make 20,000 When you start being emotional when you're thinking emotionally, when you're trading emotionally, that's when you start to do things like you get impulsive, you start to chase momentum, You buy stocks that are way too high, and then suddenly you know you get yourself on the wrong side of the trade. Now your intellectual mind would look at that set up. you know, a day later and say oh, I chased it But in the moment, you were all emotion and learning to recognize some of those kind of triggers that can start to get you into that emotional trading cycle is really important because you know, even for me, there are times where I've traded I mean obviously our times where I've traded emotionally.

but even in the last, you know, three months, there are times where I've allowed emotions to get the better of me and you know it's cost me money. Becoming aware of it is probably the first step you know, having that sense, having that mindfulness and that presence of self to say okay, I'm starting to get, you know, emotional right now I'm starting to get angry. I'm starting to get frustrated. This is a good time for me to step back.

A lot of traders, especially beginner traders and this was no exception for myself. Instead of stepping back, we just get more tunnel vision on kind of. you know, whatever the issue is, you know on the revenge trade, on chasing on getting back what you lost and you know you can get so tunnel vision that you don't realize left and right you're losing thousands and thousands of dollars. I Talked to a trader who lost six hundred thousand dollars in a single day trading emotionally and with revenge.

So you know you think well, you know I used to think well, a certain point I'm just gonna lose so much money that it'll be like I'll finally tell myself I need to straighten up but that I don't think that's true I Think that you only are able to become disciplined by conscientiously taking over you know, control of your mind and saying I'm not gonna allow myself to trade impulsively I'm not going to allow myself to trade. You know, in an emotional state of mind So becoming aware of your state of mind anytime you take a trade is is one of the exercises that we talked about last night. We're gonna continue that discussion tonight. Chapter 2: Class two: Risk Management Last night's class was three and a half hours long.

I'll be uploading it this afternoon to the to the website so you guys can start streaming it. Tonight's class will be a long one as well. Risk management is one of the most important topics and you guys need to understand how you can manage your risk. Trading is risky.

You know, losing $15,000 in four days is not fun. Making back twenty two thousand and in nine days is great, but it doesn't come without risk and so you have to measure that risk against the potential for a profit. So my trades today are all really good examples: I Think of Risk Management I Took a total of I think it was three trades, the first one was on Cbio Cbio. Even right now I Think is up close to 200% This is a crazy Momentum stock and what we've seen in the last few days have been.

You know, some really big opportunities we had HT GM last week in early this week we had Apop yesterday today Cbio now Cpio was I would say fairly obvious pre market that it was going to be in play, but like Apop, it was quite extended. So I looked at this and I was thinking okay when the bell rings I will get in at $8 that's what I was looking at pre market I had my order ready 2500 share to get into $8 and I probably would have press it twice and had 5,000 shares. but just before the bell rings we popped up to 839 and this is on the 1-minute chart just before the bell rings and so now I was like uh, if I get in with 2,500 shares at 8:50 and it drops right back down to 8 down to 775. this could be a repeat of what happened on our GSE right? Remember the Train I took where I lost $15,000 in one day earlier this year I just got totally smoked I got into a stock just like this I chased it I saw it moving and I thought, you know what I'll just buy it higher it looks strong I think it's gonna probably go to 9 or 10 I'm just gonna buy it higher.

Well in this case it would have worked. In the case of our GSE it didn't work. The reality is you never want to put yourself in a position where you could potentially lose. you know, $7,500 or $15,000 or whatever it is.

You never want to put yourself into a trade that you don't have proper risk reward ratio. and on this trade I didn't have a good entry so at 8:39 when the bell rang and popped up to 9 at that point I really didn't feel like I was able to manage risk you know I looked at it spiking up and I was like well I need to wait on this one for the first pullback if I get in here at at 850 I'm buying it to extended so I need to give it a second to pull back. All right So let's see I'm gonna just look at my execution window here. So my first trade on this.

We pop up to a high on this candle of 962 on the one-minute sharp and then we pull back here. So I'll show you guys for watching on Facebook Live! Here's my daily gains: Four thousand, Two hundred, Fifty one dollars. Those are the two trades, two stocks I traded and here's a Cbio. So right, right in the first two minutes, we spiked up from $8 all the way up to 962.

And of course you know there's some of you in the room who got in an eight or eight fifty and made you know a couple thousand dollars before I was even getting in. But I said I'm gonna wait for this candle to close and when this candle closed I said my entry will be at 9:50 which is the high of that second green candle now 50. my stop proper stop would be the low of that candle. although realistically, I'll probably stop out closer to 925 if it doesn't go right away.

So I get in there at 950 and what happens next? we spiked up to 1090. That's a dollar. Forty cents spiked up there. ten ninety and then here too we ever at ten sixty and then this candle we drop back down.

So I Sold! It took my profit and it was like I think it was like $1,100 or $1,400 or something like that. It wasn't the biggest winner ever, but it wasn't bad. So then obviously I'm kind of like okay well I don't know if I want to get in here because we just had that red candle. of course then it pops up to 1175 and I was like well it's obviously showing strength pull back here but I didn't really want to get in there again because I felt like I couldn't manage risk and it goes up to 12 So you know this basically what happened.

it just keeps going up without really giving much of a pull back and so and then finally squeezing up to a high of 1750 and I was like geez Louisa you know hindsight being 20/20 I wish that maybe I'd been able to you know, do better on this. but the reality is I need to be able to manage my risk on every trade I take and if I can't then I can't justify the position. So you know Cbio is just you know on a tear from eight dollars all the way up to seventeen dollars which is I mean it's crazy. it really is crazy and I could have been more aggressive now.

I was having a connection issue with my computer this morning and I don't know if it was my Wi-Fi or if it was my connection to my broker but what was happening was all of a sudden my level two would freeze and I have to level two windows because I have speed trader on one computer and then I have East signal on the other so my speed trader would stop 100% stop, no quotes nothing. Meanwhile, sure trader or East signal is you know the quotes are running so I'm like okay I'm I've lost connection I'm having some connection issue that happened in my trade on CB IO and my first trade and I realized immediately this was going to be a little bit of an issue because I was putting out my orders to sell I never even saw the price go as high as 1090 on this spike because when it went that high I was disconnected when it came back it was right here around 10:30 So I sold around 10:00 10:15 and 10:25 I'm actually made. Let's see I could tell you right now I made actually made $1,800 on that trade I was in at 9:50 and I sold it 1024 so 75 cents per share, 7% game. not bad I got back in this at let's see $15 and let me find where that trade was.

So I was right around 10:00 a.m. All right. So 10:00 a.m. here we squeezed up and we were halted.

All right. So right here you can see we had the halt at halt halt. price was 1523 and I said if it opens lower I will add over 1523 it opened lower and as it came back up through 15 I was like okay this looks good I'm gonna jump in here 1510 now I got in knowing my I was having a problem my connection and as soon as I got in I told you guys like okay I can't see my quotes I've got nothing and so I'm looking over at East signal and I see my quotes are going there and so I was like okay I can see the price but I can't do anything I can't sell I only had 500 shares I took small size because I knew this was gonna be a problem in at 1510 I sold it at 1610 so made a dollar per share Quick dollar per share as it spiked up to a high of 1750. So that brought me from 1800 up to 2200 22 dollars.

So you know overall I'm happy with the way I traded it. You know we got a little bit of a pullback here and I said guys, watch this level over 1632 some traders when that breaks are gonna get back in it. Interestingly, we kind of curled back up and then finally we squeezed up in these two candles over 16. but it's a little choppy because this was the Campbell that broke and it was a false break.

Pulled back didn't work consolidating, but note that the price held above the 20 moving average on the one minute on the 5-minute we were still very extended during this five-minute pullback first foot. So the first five-minute candle-making new high as a result was not a very solid breakout. And notice the declining volume on the five-minute chart, you don't want to see declining volume. You want to see volume increasing during.

Well, it's okay if it's declining during consolidation, but on the breakout, you want to see the volume to be higher than the first move. That's when you know the stock is still running, so you know when that's not the case, you know then obviously it's a problem. So in any case, you know hi. A day on this was 1888 I didn't capture as much profit on it as I could have I could have been a lot more aggressive trading the one-minute setups and trying to scalp.

you know, get in, get out, get out. you can see after each one of these red candles. you know I could have gotten in here I could have gotten in right here and I could have gotten in. you know in this area here and you know obviously I would have done a little bit better if I had been more aggressive I know John made about five six thousand dollars on this trade today and it put him up over a hundred thousand dollars on the year.

which is, you know, really great. I'm really happy to see him doing so well. So certainly there were traders in the room that did better on this one than me, but you know I took those two. The two trades I just pointed out were both low risk trades.

The higher risk one certainly was after the halt, but it made sense. That's a good setup and this trade here the first woman it candle-making new high was a good setup. so I feel good about those trades. They were relatively low risk with good reward potential and I would take them.

you know time and time again now as Cbio was running all of a sudden I am you see popped up on the scanner and when I saw that one you know immediately I was like okay it's got a good daily chart. It has a history of making some moves and what we've seen in the last couple days have been sympathy moves. So we see the primary stock making the big move and then the sympathy stock that starts to take off I think we had. Let's see we had Gbr yesterday.

the day before that we had I think it was Zi is the day before that we had I think it was Xiao ma. So we kind of see a primary stock with momentum and then the next one that starts to go has often been getting really good follow-through Now this one for whatever reason did not follow through as well as I would have liked I got in it as I saw it starting to spike up with an average of 332. So 332 is my average which is right up here. We popped up to a high of 360 and right here I said okay I want to see the first one minute candle make a new high and we got to break over 360.

And what interestingly happened on this one is we popped up. we double topped at 360, there was a heavy seller at 360 and we couldn't break that level and it came back down. So I marking it out of this thing getting filled at in the 50s. but my average was like 40 45 or something like that.

so not the best. Not the best follow-through but I was aggressive. got in, was looking for the bigger move. We had about 30 cents of total profit for my entry at 3:30 but we couldn't hold those levels so that one pulled back and then has been.

Now actually, you know, kind of making them move back up into the 30s so we'll see. this one might be one to watch tomorrow for continuation. I'm not totally sure, but in any case, right now we seem to be in a market with a lot of opportunities. I mean we're seeing some really strong momentum now.

This is also a market where you can kind of get away with breaking rules. like if you would chase Cbio today, you probably would have done just fine on it. but you know you do that another day and you're going to get smoked so you want to make sure you don't fall into you know, the routine of you know, kind of breaking rules or being sloppy. Maintain your discipline.

It'll carry you through the inevitable slow periods that we have. but when we have a hot kind of trading window that we have seem to have right now, it's a good time to be aggressive. Try to capitalize on it as much as possible and know that those prophets will have to tide you. You know, through some of those slow periods that will come.

So I'm glad you know after that $15,000 drawdown that I've been able to, you know, go back on this green streak. Ultimately, I would want to get to at least $30,000 before my next you know kind of cold streak. so that that way my green streak is twice as big as my red streak. So down fifteen and then recovering that 15 and making another 15.

And if I come down, you know 15 I recover that 15, go up another 15. that's continuing to move up in increments that I can feel pretty good about. So that's kind of where we're at today end of day 58 and hopefully we'll continue to see some good opportunities. I mean I see no reason why we won't.

It's been really pretty impressive and this is a great way to finish up the month. So I'm now at 34 just under 34 thousand dollars on the month and we'll see if I can maybe get over 40,000 That would be nice, but you know we would need two more, at least two more really good days, three more really good days probably to do it. And we have four more days in the month so you know we'll see what we can do. and I'll try to be aggressive and really have a great week here.

I'm up right now about $9,000 on the week. Alright, so that's it for today. I Will upload this to Youtube and anyone with questions or comments. You can put the YouTube put them in the Youtube comment section and I'll make sure I answer them.

Alright right? Sorry three more days in the month I have I didn't write down the gains for today so day 58 plus 42:51 All right. So three more days. So if I can average you know $2,000 a day 2,500 a day. That will get me up over 40,000 But you know if I have a red day it might be a little step back so we'll just see.

See we can do all right guys! So that's it for now and I will see you all 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, happy surfing.