What's up, everyone? All right. So going to break down the trades for you from this morning. Overall, another solid day. We've been on a nice green stretch here.

We've uh, gosh, I think I've had 22 or 23 consecutive green days. Today is the 23rd consecutive green day. So I've only had two red days since July since June since mid-june So you know. I mean I'm jinxing myself a little bit here.

I'm sure I'll have a red day this month, but my goal is to keep the loss tight. Yesterday First trade. Actually, I was in the red. Uh, today.

First trade. I was in the Red 53 today. Not a big deal, You know it was a good setup. If it worked, that would have been great.

It didn't and I cut the loss quick. Being ruthless about cutting your loss is so important. I'll have an episode where I talk about that a little bit more later this week. But um, right now, we definitely have momentum.

But it's a little hot and cold, so we have like a flurry of some really good momentum this morning on recent ipo stocks doing sort of the dead cat bounds we have. obviously. as you know, we had Meg L. fantastic bounce yesterday from eight all the way up to twenty five dollars a share.

That's awesome. You don't get that every day so you know that was that was awesome. And then today, frza similar. And then we had sympathy on Tg L, Rebn Chg lucy Uh, there were a couple others that all sort of started to bounce up, so I worked my way up to just under 10 000 in profit.

and then I lost a thousand bucks. So I'm sitting at 8 700 right now. It's a good day. It's over the daily goal, which for me right now is five grand and so I can't I really can't complain.

Get back about 10 off the top. That's all right. I'll live to trade another day. We're in a market where there's definitely a lot of opportunity, but I am seeing traders who are over trading or not managing their risk getting on the wrong side of being in the red, so volatile markets can bring out emotions.

These are times where experienced traders can do very well, but beginner traders who fall victim to Fomo can end up top ticking. Getting in way too high, catching a big whip down, so looking for good entries off support, near really strong levels of support? half dollar, whole dollar breakout areas bull flags, abcd patterns, micro pullbacks are fine, but you've got to be willing to manage your risk when you're getting in something that's high on a micro pullback. So take it slow if you've gotten yourself in the red at any point this week. Good time just to step back.

slow down if the market's cooling off a little bit. But you know, the first two weeks of August have been phenomenal. and so far this week I'm off to a good start. so I think that we're still going to be in pretty good shape as long as we can be kind of light on our toes.

Get in, get out, shift really quickly to what is obvious, and then just, you know, really capitalize on those opportunities. So that's the game plan right now. I hope you guys enjoy this recap. I'll put some links down below.

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As always questions, comments, leave them down below. I'll see you back at first thing tomorrow morning for the morning show. What's up everyone? All right? So I'm going to go over the trades from today. We had some good action early pre-market and then it kind of slowed down a little bit going into the open.

So I'm finishing the day at eight thousand. Seven hundred, nineteen dollars gave back. uh, about a thousand after the opening bell. I started the day.

My first trade was on. Frza. Frza was our leading gapper this morning and you know this. You could see this action's kind of disappointing.

I mean pre-market it was sort of choppy, sold off, came back up, and now it's selling off again. My first trade on it was at 8am and I took a trade for the break of 950. Right here it went up to 9 55 or so. It didn't break in a strong way at all and I got out, hit the bid and lost 53 dollars.

So that was my first trade of the day. I got back in. Uh, Frza, I believe it was on. Where was that? Um, I can't remember where it was.

Um, I don't remember if it was on this candle at 8 20.. Anyways, I got back in it somewhere and got another trade on it, but I didn't trade it at the open so it was somewhere pre-market I don't think it was right there. Um, no, I think it was. I think my second trade on it was right here and we got to move up to 9.70 So that was around 8 20..

So I finished the day up about a thousand on Frza. Nothing super exciting, but you know, Green on that. And the whole setup on Frza was that this was a dead cat bounce just like we had yesterday on Meg L. the stock ipod a couple days ago.

It sold off pretty hard and then started to pop up. So Meg L. yesterday, that was the setup that ended up playing out all day long from eight up to 25 dollars a share. You know that's a solid move.

Like really impressive bottom bounds. So got a nice dead cat bounce on Meg L. And then this morning I think as Magell was squeezing more after hours, traders must have just started looking for other similar setups. and maybe that's what gave Frza the initial move right here.

as it started to open up so Fr Za starts to open up there pulls back, pre-market has a nice move at six, another nice move at seven and then I tried to trade it at eight and again around 820. but it it just wasn't really that clean. So not a big winner on it, but a dead cat bounce. So following that trade my next trade I jumped over to Meg L.

and I made about 300 on it. This was also right around 8 a.m and I took the trade on Megel as it was curling up. Uh, let's see right here. No, sorry, where was it? Um, it was 8 a.m let's see.

So it was. It was right about here as I thought it was going to break back over volume weight, average price. It didn't end up doing that. About 500 000 shares in this candle, 400 000 shares.

Mostly Adfn orders institutional orders that went through early. it pulls back, it comes back up. I got another attempt at it right here. I was hoping it would break this yellow descending resistance line, but it couldn't and so that was a small winner.

So up on Meg L, uh, 1900. I mean, that's not bad. Took two trades on it so well. I had some dip trades but sort of two spots.

I traded it. one at eight and another right here at about eight about nine o'clock So that was Meg L. Um, and then the third stock I traded was Tgl. Tgl hits the scans.

It's the fourth leading gapper. This morning it starts squeezing up right here and I jumped on and rode the momentum. so it breaks over nine, squeezes up to 950, goes all the way up to 10 and 10 cents. I made 2 300 bucks on that move right here.

This was a two point, basically two point candle. so I jumped on pretty quickly as it broke over, um, half dollar whole dollar entries and then added as it went higher. took profit into the squeeze. disappointed that it retraced so hard.

The next trade was on. Um, let's see. I believe it was Rben. Someone said hey, look at our Ebn and I saw it and I was like yup, jumping on that.

That's also a dead cat bounce Now At that point we had a little flurry of momentum. This was right right around, you know, 8, 8 A.m 8, 10.. So we had um, Frza, we had Tgl, we had Rebn, then we had Lucy. Then we had Chg.

There were a couple other stocks, sort of all popped up at the same time. They were all recent. uh, ipos, dead cat bounces. So on our Ebn, I jumped into this.

As soon as it popped up on the scanner. I was getting in at five. I added at 550 it squeezes up to a high of 574. my best exit on it.

even though I was in a little high. my best exit was 5 72 and then 554. So not phenomenal but I took a little bit of bigger size on that one because I had just gotten green on the previous couple trades. I had a good trade on Meg L.

and I had a good trade on Frza or no, it was a Tgl so I was already at like 20. I was about 4 000 on the day already so this is where I was like okay, we're seeing action, let's size up. let's try to do a little bit better than I did on the last two so I did better on that one. And then the next one I jumped in was Lucy and on this one I made 800 but it was a close call and this thing sold off hard real quick and so and I gave back about half the profit I had on it.

I tried to buy a dip, it flushed lower so I think I was up around 1600 or 2000. Gave back half of it and I was like all right that's not great and then Chg was the next one and I went small with that one and it was a break even trade. So at that point I was sitting at just around 9700 on the day, just under twice the daily goal which is good at the open. I didn't take any trades because our leading gapper of Frza, It didn't really look like it was set up for a good trade so no trades on that.

Meg L. I thought I had pulled back too much amtd I wasn't interested in artl I had seen it, but I wasn't sure it was gonna hold. Even though it did, I just sort of felt this. I just felt conflicted.

I couldn't tell what was obvious so I didn't take any trades right at the open and then Wet G squeezes up and halts once at 1180. A second time up here at 1337, it opens, it pulls back and I am the guy who's read on the stock that went up a ton. So right in here I thought it might halt down and when it dropped here to 1350 and bounced back up, I was like oh, you know what, this thing looks strong. So I bought a thousand shares at 14.50 I thought, if this breaks 1450, we're going through 14.88 we're going back to the highs, We might have another halt up.

It's sort of diverging in the sense that it's holding up really well. Well, I stopped out here at 1351 full dollar a share loss, thousand bucks and at that point I was like, nope, I'm done, I'm walking away. I didn't really like the way that felt to lose a dollar a share that quick even though the position was only a thousand shares, it was like a full dollar A share is a good size loss and I just thought, you know what? that's it and that was at 9, 47, 9, 48 in the morning and um, I just, I don't know. It kind of annoyed me.

I was just like, you know what I miss, the two moves up and then I get in. I catch this flush down. I saw a couple other things moving up a little bit, but I also recognized that you know, if our za was choppy, Meg L. wasn't clean and I thought, you know what? I think that the easiest trades so to speak are done and now we're just getting into some choppy territory and I really don't want to push my luck.

8 700 is just as good as 9 700 at the end of the day. I mean it. It just at a certain point in trading, giving back 10 of your profit is sort of not really relevant. It's not material, it doesn't change anything.

You know it's not gonna mean I can't pay a bill. It makes basically no difference except psychologically. and so if you're starting to get upset about it, then you're getting too much in your head and that's the place just to throw in the towel and you know you can get frustrated because you lost. I mean that we do from time to time as traders get a little disappoint when we have a loss or especially one like that.

That's just like a quick kind of slap and so that's fine. But it's definitely it's an emotional response. and so if you're starting to get a little emotionally hijacked, that's a good time to say. You know what? I'm gonna shut it down.

I'm gonna walk away. I'll live to trade another day. Yesterday I was up around fourteen thousand, Thirteen thousand, Twelve thousand something like that today. eighty Seven hundred.

So that's Twenty thousand dollars on the week. It's Tuesday, and it puts me at a hundred and Fourteen thousand hundred and eighteen thousand or so in gross profit. So um, you know this this month is, uh, is really cruising along here. We're only.

um, we're really only just over halfway through the month. so I have imported my trades here already. This is gross profit. This was as of Friday.

Um, I have a light flickering in here somewhere. I don't know where it's coming from, but um, so as of Friday this is where I sat. So I had 13 000 or whatever. it was for Monday, Another 87 from today, so you know and this still leaves us.

We've got kind of a long, um, you know this is a nice month because we have 23 trading days. You know you don't have 23 trading days every month. Uh, we might have. Do we have a holiday? Uh, I don't think so.

I think Memorial Day is uh, or Labor Day is on September 5th? I think so. Have to double check. But this might be, um, a month with no holidays. And boy, we're on a nice.

I'm on a nice little green streak here, which I'd like to continue. The last red day I had was, um, I had two in July. I usually allocate myself for four red days a month. One a week.

I had only two in July. That was pretty good. Had three in June, three in May, three in April. So do you know Generally since this kind of red spell that I had in February and a little bit in March, I've tightened down the losses quite a bit.

Which is good. So you know you look from April, you know, April, May, June, July, August. Five months and I've had two. Let's see.

Six, nine, ten, eleven days that are red. I mean, that's pretty. It's pretty good. You could say I'm due for a red day for sure.

So you know I haven't had a red day in four weeks. So I'm definitely due for a red day. And I'm aware of that. It's it's not like, you know, I mean it's just one of these things you just.

you don't have like 20 weeks of consecutive green days. It just doesn't happen. So you know when you start having a longer stretch of green, you expect there's going to be red coming up soon. but at the same time I started slow yesterday got green.

I did go red yesterday before finishing green. I went red again today before finishing green, but only 53 dollars today, so no big deal. But in any case, I have no problem having a red day. A thousand bucks 1500, anything less than 5 000 is totally fine keeping the red days small.

I don't want to give back more in a red day than I can make in a decent good day green day. So if that ends up happening tomorrow, whatever, that's fine. The problem today is that like yesterday, we had Meg L. uh, that continued sort of all morning long and into the afternoon.

Right now. uh, you have a Rtl which is holding up pretty well A R P Aprn sorry popping up a little bit so we'll have to see whether or not there's a stock that really holds up well today. I think that we'll need that in order to have a strong day tomorrow in terms of continuation, but um, you know we'll see anyways. just taking it one day at a time, looking at the opportunities in front of me and trying to get green and hit those small base hits.

Not, I'm not really going for home runs, I'm just as you can see stacking up a lot of base heads and that is a fine way to get through the month. So sitting probably around 120 000 in gross profit halfway through the month, if we keep it up, this could be a 200 000 a month. It's not out of the question, but I don't really think that'll happen because I think it's probably gonna slow down a little bit after this nice wave we've had of momentum these last couple weeks, but you never know You could get another stock that pops up and gives us a surprise move and it ignites another round of momo. So we'll see what happens anyways.

As always, my results are not typical. I share it with you because I do think it's important that you know the person that you're learning from is actually a profitable trader and these are the numbers that I'm throwing down. But it's not meant for you to assume that you'll be able to do something similar. There is no guarantee, so make sure you take it slow.

I think one thing that um, I'm really thinking for this week is, uh, for a lot of traders who had a a really good start to August, which is many because of course the market was so strong in those first couple weeks of the month, this is the time. a little bit to try to coast. We've got a cushion and now we just got to hold it together. This: if you have a cushion on the month of August, you should really be planning on finishing the month in the green.

You don't want to go into the red, so that means you know, hold hold, hold the course a little bit. Keep your head down, things are choppy. Try to coast catch a couple base hits here and there. This might be an okay time to under trade a little bit until perhaps we see something that starts to, um, you know, open up again, which which we might.

but you know it's okay to under trade when things start to feel a little slower. So anyways, that's it for me. I'll put a couple videos here uh for those that are interested in continuing to watch. I have a couple new uploads right here in here that you guys can check out, so I hope you enjoy those and we'll be back at it first thing tomorrow morning for the morning show right here right around 9am on Youtube.

Alright, I'll see you in a little bit. Bye everyone.