All right everyone. So um, it's 9 15 and we're looking at a pretty dismal Gap scanner again this morning. I'm already down eight thousand dollars to add to the 38 000 I lost yesterday. So I'm in.

Um, you know, I'm on this pullback right now. This is where I'm at in my my account right now. Uh, the all-time high? Uh, well, not this is an all-time high, but um, I could go up here so well it doesn't really matter. In any case.

um, I'm I'm off about a hundred thousand off my off my peak here. So from 4.4 in the last year, so to 4.3 and you know, uh, it's uh, it's definitely taxing. uh, emotionally taxing just to continue to see the chop. I jumped in Mmb at Uh 250.

There was news that came out, jumped in, it popped up to 295, dropped down to two bucks, took the eight thousand dollar loss and that was my one trade. so I wasn't uh, profitable on that one. And when we look at the Gap scanner this morning, we really, we don't have anything. Uh, Xcla is only 26, Vcnx is only 25, Bbig is only 19, Atnf is 16..

going from the top floats too high on Wei. This is appears as a gapper, but it's a reverse split. It's actually selling off 70 million share float. Xcla is too cheap at 70 cents.

Vcnx is too cheap for me at a dollar 27. Bbig is 129 million share float no interest, Atnf 30 million share float no interest, no volume. Mit is too cheap, Jks is too expensive and the float's too high. Imcr doesn't have enough volume.

Sdig 19 million share float no volume. So we've got nothing. We've got nothing this morning that looks good and the one that popped up with news ended up reversing And you know this was authorization with Amazon. I mean, I thought that this was worth taking a stab on, but you know how it goes.

Uh, in a cold market. Even decent headlines do nothing in a hot market. Sometimes stocks don't even have news and they end up making huge moves. So it's frustrating.

For those that, um, you know, want to look at the P L on the month. This is where I I was at. I made a hundred thousand this month and then in the last two weeks I've given it back. But I'm down 8 000 today.

So now Red on the month. This would be my first red month since. Oh, let's see. um, well.

20. That's January 2020. No red months in 2020. Although I had two.

Well, actually, that's not true because let's look at net profit net after fees and commissions 2020 was read in November. So my last red month was November of 2020. 2021 was slow in April, but no red months Now We still have. uh, let's see.

Well, today. Three, three more days, not including today. Four more days left in the month, so still have a chance to finish the month flat. But that's it.

Just is. Uh, you know it's just about being patient. So there's 11 million dollars in gross profit trading. predominantly to the long side, but they're going to be periods where it's slow.

and that's what we're in right now is slow period. And it's slow whether you're long or slow, whether you're short. Because if you're a short seller, you're leading Gappers 26. We don't have a lot of volatility.

It's as simple as that. We all profit from volatility. whether you're long or whether you're short. We need volatility.

If we don't have volatility, there's nothing we can do because nothing's moving. That's the problem. So yeah, it's It's difficult to have the patience to sit on the sidelines. I'm down a bit more today than I was wanting to be, so you know that's not ideal.

We'll have to at this point, just reduce, uh, share size and try to, just you know, stay in the trenches until things open up. And the sector-wide or market-wide volatility. You know you have volatility on individual names on the large cap side, but I'm not a large cap trader. These require larger amounts, significantly larger amounts of buying power to trade.

You're competing against high frequency high frequency traders Algos in a much more serious way. This is where you're going to have the best Algos. The best proprietary trading systems. Trading these types of stocks.

There's a lot of potential in them, but it makes it them very difficult. On on average days. So my P L for the last, um, couple of weeks here. let's see.

pull it back up. So this is the last, um, the last 30 days so you know up about 350 000 and then now at 250.. Okay, this. uh.

Vvos, Let me take a look so I know what I'm looking for. but I'm just not seeing it right now. Vvos. I'm going to check the float first.

Float is 18 million shares 200 moving averages at 428. It's an interesting idea, but it doesn't have much volume. So yeah, uh, Michael and that may be the case. of course.

Initially we look at the rate of change. If something is moving quickly, then that's that's what I look at. I I probably am taking. I have been taking too much risk in this market.

I have been and that's that's something that I am not good at. is taking the risk off when the market is not hot. I'm really not good at that. I'm that's like my biggest weak point I would say.

So you know I dig. I dig myself a hole when the market is cold, when I really should just be sitting on my hands and not trading, and then when the market heats back up. you know, the first few days, the first week. Whatever our recouping losses from the cold stretch, you know, So this is a perfectly reasonable time to put myself into it.

Some type of modified trader rehab program just based on the month because the month in a more narrow view. you know, not great right? So this is not. This is not a good month for me. It hasn't been a good month.

It's the worst month I've had. Um, since November of 2020. So over a year. So if I was going to put myself into trade or rehab, how what would that look like? Well you know, today on Mmb I took 24 000 shares and ended up losing like 50 cents a share.

So if I had just taken maybe 6 000 or 10 000, the loss would have been a quarter as big or maybe half as big right? So it's just reducing share size would be a reason would be one starting point so I could put my max share size for the rest of the day. Let's say 10 000 shares and that would reduce it it would. It'll also reduce the gains on trades that work. but you know, right now we haven't been seeing a lot of trades work.

So until we start seeing things work, smaller share size makes sense. Uh, so that would be the first and then and then trading. Uh, just a bit less. So right now, for instance, I've already broken the ice with the first trade.

All right, I've broken the ice with the first trade. And so you know it's easy to go and take trade. Two, three, four, five. I'm already red.

So what's the difference between being down eight or being down 12. you know you start to justify. Well, I'll just keep trading because I'm red. So what the heck? I'll You know, being down an extra couple thousand doesn't make a big difference.

So being more, uh, careful about that first trade of breaking the ice, um, is probably better being just being just waiting for something to prove itself. So Mmb, I felt like this was proving itself because of the fact that it spiked from 1.80 to two fifty, right? So you know that was like, okay, it's it is proving itself. But that wasn't enough. So that means rather than buying, you know, micro pullbacks around half dollars and whole dollars waiting for the first, proper, one minute, or even five minute pullback.

Now we know, in a hot market, if you wait for the first proper five minute pullback, you could miss a two three point move. So you can't do that in a hot market. In my opinion, you can maybe wait for a one minute pullback, but you can't wait for a five minute. but in a colder market, maybe that does make more sense just to wait for that clearer pattern.

Sra is the one that I lost 20. I lost 27 000 on this one yesterday. Uh, it was on this candle right here. a break of V-wap and then a huge rejection all the way back down from 22 to 25 and then all the way back down to 22.

So yup. highest volume of the day Red candle. Super disappointing. Squeeze into a halt, reversed all the way back down.

Surprise. didn't halt back down Microsoft. Yeah, it's a Gapper, but Imte this one we are watching. We've got about 90 seconds to the bell, but I've really got nothing that I'm watching into the open.

We don't have anything that looks good. We don't have a leading Gapper Twac daily chart. Thank you guys who are tuning in on Youtube. Appreciate it.

Hope you hit the thumbs up if you enjoy the broadcast. I'm not streaming later into the days, uh, right now because there's just nothing really to cover. There's nothing really to talk about. nothing trading, nothing looking good.

When we start to get some serious momentum, you know I'm happy to give you guys on Youtube a little bit more content, but right now there's just nothing to talk about. High was 510 on this one. It's easy to borrow. not sure sure what the float is 21 million shares, but you know, even if you're like, oh, I'm going to short this, Well, I mean you've only got like a 15 cent range.

it just doesn't have enough range. So uh, morning show. We'll be back tomorrow. 9 15 as always and a reminder for traders.

Trading is risky. Most beginner traders lose money and my results are not typical. Even though I've uh, been read the last uh, two weeks as you saw from my uh, my P L, I'm certainly in really good shape. Uh, big picture so it's important to keep keep that in perspective that my results are not typical.