Hey everyone, good morning, All right. So uh, second day of May, finishing the morning up 11 000. Which means between yesterday and today, I'm up a little over 30 000 on the month. I finished the month of uh, April up only about 40 000.

which for me is the lowest. The worst month I've had since November. So in these last two days, I've already made 75 of what I made in the entire month of April, Which is good. Uh, I, I don't It seems like maybe the market is starting to heat back up.

Prpo is a big Momentum stock today. Btx was big yesterday, so and Prpo was also big yesterday, so it seems like things are starting to pick back up a little bit, but it's still a little choppy so you know kind of touch and go. There's also been more afternoon momentum than I typically see, which I've been just completely missing out on because I'm trading just in the morning. But you know I'm okay with the way things are are looking right now.

This is a hey any a green start to a month is always a good start to the month. Uh, however, I am still red versus my high of April because I was up over 100 000 in April and then I gave back 60 000 off the top. So I still. So now I'm you know, up 30 000 this week.

So I'm still down 30 000 off my all-time highs, you know? And I've kind of been thinking about that a little bit because I feel like I can't really step up And start to get really aggressive until I sort of recoup the losses. That's not always the best way to look at it. When I had my 300 000 loss earlier this year, I said once I make back half of it, then I can start to kind of be a little more aggressive. And so once I made back about 150 000, I started to get more aggressive.

and I did end up making back that all of the loss and I made it back fairly quickly within just a couple of weeks, which is remarkable. Actually, I wouldn't have been able to make that much back in this current market that we're in. It's not as volatile, but um, I think that that's a good a good approach to sort of reduce risk while you're sort of trying to rebuild, and then once you start to get some momentum, maybe once the market starts to pick up a little bit more, then that's when I'd look to increase my share size a little bit more. So I did increase share size today.

Uh, mostly because Prpo is a cheaper stock and I felt that I needed larger share size has over 100 million shares of volume right now. So I I think that that was the right one to be aggressive on and to trade with larger size. but I'm not gonna. I still have to each day.

kind of take it as it comes in terms of how aggressive am I going to be. So hope you guys enjoy the recap. As always, my results are not typical. Trading is risky.

Most beginner traders lose money, so you should approach trading with caution and trade in the simulator before you put real money on the line. All right. So I hope you guys enjoyed the recap. Please hit that thumbs up if you haven't already.

I'll see you first thing all right. So I'm going to do a recap here. Second day of the month up 11 359.77 I was up about 16 000 at my high, so I gave back about a third of my total profit today. Uh, I gave it back going long, a little too high on Prpo getting stopped out and then on sort of one other trade where I was also in a little too high getting stopped out.

so I you know I mean market's starting to pick back up. I tried to, you know, push on it a little bit, he's on the throttle, get a little more aggressive and didn't I think I I don't know, flew too close to the sun. I got a little too aggressive and had to unfortunately give back a little bit of those gains cutting the losses so, but that was the right move I was still holding. Now you know it's back down at seven versus a high of nine, so it's good to cut the losses.

Um, for sure and I'm grateful to be Green. So yesterday was a good day. As it turned out, today is a good day. In these two days, I've actually made 75 of what I made in the whole month of April.

I made about 40 000 in the month of April and I'm up 30 000 between yesterday and today. So this is a terrific start to the month compared to last month compared to a better month like I don't know, January or February or March. I would need to maintain this type of average, but you know it doesn't really matter. We'll just try to stay focused on, you know, each day.

So let's look at Prpo. Um, I'll look at Tyht as well, but Prpo will look at first. So this one was on the Gap scanner. It was actually one of our leading gappers.

It was gapping up this morning after making a really big move yesterday. I mean, this thing was super strong Yesterday it kept going higher and higher and higher. It pulled back pre-market and then, uh, at the open. or sort of a little bit before the open.

it did a break of V-wap I traded it but only made about 500. I didn't really trust it. I didn't think I could take big size, did a false breakout drop down and at the open took along and it rips all the way up here into a halt at 7. 38 opens higher into another halt at 8 37 and it squeezes then up to 9 18 before pulling back.

As you can see here, this is the five minute chart, so it's been a wild ride. Definitely volatile. I was concerned about resistance at a couple of places. Number one, we had 730, we had 750 right around there and we had 768.

And then of course we just had the whole dollar of seven. So once we blew through seven, then I was looking at 745 750. We got up to 750 into the halt and then we continued higher. We had a daily level of eight dollars, which was daily resistance, but above eight.

We then had a bit more room. so eight dollars was resistance from that day and then back in this area, there's a little bit of resistance at it was like 860 something. It's 850 and then 910 and then 1080 approximately. So we did get into having a bit more room there as it moved higher.

These are those levels that I just drew on the daily chart. So we went right through Eight. Pretty much right through 850, but nine was an issue. Uh, Blrx, this one.

some nice moves on it. I uh, missed the early moves pre-market it was. There was some early stuff pre-market that I just totally missed. And then and I'm waiting for my charts to load.

Um, I've been having a major chart problem today. Charts not loading it. just I don't know what is going on, but it's been a it's been a factor for sure. Today, just sitting here waiting and a lot of the morning, my charts have been out of sync.

20 seconds, 30 seconds, or a couple minutes behind. So my charts are become almost useless when they're that delayed. So I'm still. So there's the Blrx chart.

All right. So look at that. that's called a false breakout and that's a nasty one. So it squeezes up, halt's going up, uh, pulls back, pops a little higher, starts to curl, and then false breakout.

Halt's going down. Oh yuck. That is not nice to see. So anyways, I didn't get any trades on that one.

Uh tyht. I took one trade on it. It halted up twice in a row, it then opened and it dipped down. I bought the dip.

it curls up through 18 and so that was a nice trade, but that was the only one I took on that one. So this is where I finished the day. Eleven thousand, three hundred fifty nine dollars and seventy seven cents. it.

You know, it always feels a little like ah, I am annoyed I gave back a third of my day. but when I was up 16 I was thinking this was gonna be another twenty thousand dollar day. And so I kept kept swinging and well got a couple strikeouts so that's the way it goes. But at the end of the day, um, if I'm walking away with a little bit more in my pocket than I started the morning, that's a good day.

Today is the first day I increased my share size. So yesterday and all of last week 6 000 shares. Today I increased to 25 000 shares. And I did that because I knew Prpo with currently 94 million shares of volume, would accommodate bigger share size and was at a lower price, which meant 6 thousand shares was not going to cut it.

So I did cap out at 25 000 shares on a couple of my trades. You know, a quick 15 cents with 25 000 shares is, you know, three thousand dollars? Four thousand dollars. So you can kind of get some quicker trades there. but it goes both ways and I did have a couple of bigger losses.

so. but in any case, I'm probably up a little bit more today because I did increase share size on Prpo. If I had tried to trade that with only 6 000 shares, I, I don't it just didn't. It moved quite a bit, but not as much certainly as something like um, uh, Btx.

You know Btx was 4 000 shares and this is kind of the area where shares kind of is like not the best method of managing risk because 6 000 shares of Btx is very different than 6 000 shares of Prpo. 6 000 shares of Btx is riskier than 20 000 shares of Prpo in my opinion because on Btx, you could lose three dollars a share like that. and with six thousand shares, you're down 18 grand with Prpo with 20 000 shares, Could you lose 30 cents? 40 cents? Maybe you'd only be down six or eight thousand. So you're actually risking a lot more when you're taking that share size on a higher priced stock.

But in any case, um, it's always hard to figure out the best way to kind of throttle yourself back when you feel like you need to slow down and share sizes typically the easy way to do it Because usually I don't trade the higher priced stocks. but in the last year we have seen some of these higher priced stocks make big moves and those have presented some good opportunities. So in any case, this is where I'll finish today. As always, my results are not typical.

Trading is risky. most beginner traders lose money, so you should trade in a simulator before you put real money on the line and I'll see you guys first thing tomorrow morning. So it's 10 a.m and I am done for the day. I hope you really enjoyed that video and make sure you hit the thumbs up and subscribe to the channel if you haven't already.

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