What's up, you guys? All right? Well here we are: Tuesday morning and I'm finishing the day up. Twelve Thousand Dollars. Not bad. Ninety thousand, Ninety Two thousand Yesterday, Twelve thousand.

Today that's over a hundred thousand dollars on the week. Which puts me up now. about 375 380 000 on the month of August, and today is August 11th. It's the seventh trading day of the month and we still not even halfway in the month.

We still have, uh, let's see next week. So 10, 5, 10 of 13, 14 more trading days in the month. So this has the potential, no doubt to be the best August of my trading career, but potentially a 750 000 to 1 million dollar a month if we keep seeing big momentum. Now, we didn't really see big momentum today.

The leading gappers that I was trading, well, they all kind of failed. You know, they had some nice moves pre-market some nice dip trade, some nice bounce opportunities, but they're lower than where they were opening pre-market or at the bell, so that's a little discouraging. Uh, I have a couple swing trades on Etsy from the S P 500 and I had a trade on Uh. Tesla today which was a winner which is nice, but you know.

Overall, today I tried the best I could and all I could show for the effort was twelve thousand dollars. On another day like yesterday, doing the best I can. Ninety thousand, maybe a hundred thousand is within reach. So it's it's you know, I come to the table every single day with the same set of skills looking for the same opportunities and some days we have them and some days we don't.

And today it was a little slow. Not to say 12 000 is not great because it's good. My daily goal is 10 000. So I beat the daily goal which is great.

But again, you know when you're regularly hitting 50, 70, 100, 000 a day that's coming up short is coming up a little short. So uh, I hope that we see some good Gappers on the watch list tomorrow. Uh, I want to ask you guys who are, uh, watching, make sure you subscribe to the channel. We're working towards getting the 750 000 subscribers on the channel right now.

We crossed over 500 000 earlier this year and we're already at 630 so we're just about halfway to that 750 mark. So help us get there, hit, subscribe and make sure you tune in. uh, pre-market tomorrow morning around 8 45, 9 a.m I'll be live streaming my watch list. Uh, and you know, maybe we'll have Wild Card Wednesday.

So Wednesday was my biggest green day of uh of the week this year, but it's now been surpassed by Thursday, which is kind of a funny day. So now Thursday is my biggest green day of the week. Uh, followed by Wednesday and then Friday and then Tuesday Monday. So it's kind of all over the place.

Maybe there's no rhyme and no reason, but uh, hopefully we have some good opportunities tomorrow and I will see you guys right here. Live streaming around 8 45. All right Okay, hope you guys enjoy the recap and I'll see you tomorrow. All right everyone.

So um, we're gonna do midday market recap and I'm gonna go over the trades from this morning. I'm finishing the day up twelve thousand, one hundred seventy nine dollars on my day trades and I'm uh, I have Open P L Three hundred sixty dollars on my swing trades, but down 63 on the day I'm read on the S P because of course I have a credit spread. A call spread on the S P and S P gapped up overnight. So I'm down on that swing trade by a hundred and seventy five dollars.

Two hundred dollars roughly. Uh, as you can see right here down 175. I took a couple of uh or one I guess day trade on Tesla which I started as a day trade off of the Daily Support um which was let's see we have a double bottom on the daily chart at as you can see here 1363 approximately. And so this morning right at the open I sold the 1300 calls or sorry the 1300 puts at about I don't know 12 or so those are currently at.

Um, let's see nine dollars So they're down quite a bit which is great and I was able to book some profit on that. but not a not a huge position. and because I did it as a spread even though we had this nice move up, the spread was only up like 50 bucks 75 than 100. It's kind of slower moving than if you just sell the calls or the puts without the spread but then that has a lot more risk.

So I started as a possible swing trade with my stop uh set and my profit stop fired when it dipped back down. So I was taken out of that trade but with dollars in profit so you know, making a little bit of progress there. My trades on Etsy are a little bit more complicated. I have a call spread open which I am up on um and so that call spread is the 150 calls 150 strike so I'm up on that.

as you can see here by a couple hundred dollars. but I'm down on my put spread. as you can see here by like 300 and then my put from my put spread from last week I'm still in really good shape on and I'm still holding that looking for it to expire Worthless. So these trades are down a little bit on the day, but nothing crazy and Disney is still moving in the right direction.

I sold the 120 puts at 33 cents and Disney those are at. uh let's see what are they at now. Um, they're actually at three cents so I'm at a point Now on that. Where to hold out for that extra 30 bucks is risking potentially.

You know the trade going against me. So on this one I'm I could wait for it to try to expire worthless. but at this point I might as well just take that off the table. So I'm gonna put the order and send that um to get out of that trade and take my profit.

so up only 25 on the day. but my open P L is now locked up so that trade is off the table on Disney which is good. I was kind of looking at Ups maybe for a swing trade, but um, maybe I've missed my timing. I was looking at it yesterday.

I was looking at doing a call spread but I don't know Now I feel like I've missed it because it's already pulled back quite a bit so I don't know if I'm gonna get that all right. So right now still holding Etsy and Spx although with the S P, I am not sure my strike price is 32 sorry 34.25 So it's actually um, it's like right up here which would be above all-time highs. And it's this Friday so I feel like I still have, um, I still have some time on that. I might set my max loss at 500 and see how this does today.

And if I do get stopped out then you know take the stop but it's not really moving all that much so I'm not super worried about it. But I can set the stop on this. Let's see. Um, so I'm going to set a stop at Let's See.

So my credit when I sold it was 30. Let's see. so 40 cents. So really, I should say stop it at 80 cents which would be a 400 max loss versus 400 of profit.

So I'm gonna set that as a stop. That's a one-to-one ratio. and if I get stopped out, I get stopped out. I mean, I still don't really think the market closes above all-time highs on Friday, but you know what? I could be wrong.

It's just what I think. So if I'm wrong, I'd rather, um, you know, minimize that loss. All right. So I'm going to leave that there with a stop at 80.

So I'm going to send that, it's a stop at the bid and um, so that live stop order will be right there. The mark right now is 55.60 so you know I'm moving not in the right direction. but um, it could be worse. All right.

So those are my swing trades and my day trades here. I've got I N Jan, O, Xbr Green on these three. So these were actually um I N I don't know how this happened. Um, I N O X B R uh Two of our leading gappers Prph was the leading gapper.

I'm actually red on that one by twenty three hundred bucks. Uh, Trvi, Y10 and Jan I think Y10 was on the Gap scan. Let's look at I end first. All right.

So this is one where you know again, just it's kind of gross. I mean this kind of sell-off is is not really nice to see. I'm glad that I'm green on it. But man this is.

this is not really fun. So I had a trade down here. First five minute candle to make a new high. Uh, that gave a nice.

We already had 10 million shares of volume pre-market By the way, the current volume on this one is 48 million shares. It is easy to borrow, has a pre-market high now of 843 and I was in down. Was it this area? I think it was this area here for the break of eight and so we got a nice trade there. bounced off the V web, tried to take a trade on that and then it flushed lower so that was a little choppy.

But then um, at the open I had. Well once the bell rang I had a trade here for the break back over six and this consolidation that was a small winner and I had to trade right here for what I thought might be a red to green and that was a small winner. So those winners plus what I got pre-market gave me nine thousand dollars of profit. Prph, I was actually green on and gave back all my profit.

This one pre-market uh gave us a squeeze right here which I was long for and then on this drop gave back some profit. The bell rings. I got back in here and then stopped out as it broke four. Uh, it did come back up here and then failed again.

So this one and this was actually my last trade in at 415 and stopping at 390 with 15 000 shares. So I lost three grand on that. So this one was pretty nasty. Again, I mean, this is the type of stuff that I hate to see.

I mean I really, it's just it. It's gross. It's terrible. Um, so I and E-y-e-n terrible.

I mean this is terrible price action. Pr Ph just selling off. That's not good. Now I could have shorted I N as it turned.

You know, if I wanted to. but I don't expect stocks that put out good news to fail. You know, I expect them to go higher. So it's just against my kind of strategy and my my mindset that something that comes out with that kind of good news would fail so I don't know.

I guess that's a weakness I have, but in any case, um, Jan. Uh, I am disappointing. Jan had a kind of squeeze here into a halt. I bought on the halt resumption uh for the break of six and we got the squeeze here up to 640..

So that was a nice trade. Oxbr gave us the break of volume weight, average price, which was right here. I took this trade in this area, so nice. Profits on that Tr Vi hit.

the scanners, got halted. I jumped into it, totally rejected and failed. Yten, sort of the same thing I jumped into it up in this area. Retested the highs.

I didn't take enough profit off the table, came back down, failed. and then that's back to Prph at the bottom. So twelve thousand dollars of profit, most of which was on I N and I. I don't know.

Today was just kind of one of those days where even if I wanted to keep trading, what would I even trade? There's nothing. That's really. you know, nothing's at the highs, nothing's feeling really strong. Certainly, I could switch back to large caps and do some trades on Tesla and things like that, but you know, I'm looking really to try to start swing trades.

I don't really want to trade outright stock on this one because of course it's so expensive. And you know the spreads on Tesla, it's it's a it's a tricky one that's a dollar and 75 cent spread right there. You know I mean this is a hard one to trade, but then even on the options, you trade options on Tesla and you know, let's look at the 1300. Uh, puts.

again. So 1300 puts on Tesla down here. 655 By 680, that's 20 30 spread. So some of these end up having big spreads at times.

Which means if you buy at 670 and then it doesn't go your way and it drops a little bit, you're looking at 630, Maybe six dollars. You're talking about a 10 loss right there on the options. So the options, you need a good amount of conviction. It's not.

You're not gonna be able to get in and get out like real quick. Um, and so you know you have to feel like you've got a really solid five minute. Really solid daily, because if you're trading off the one minute chart, you're probably going to get chopped up and it's not going to be a good situation. So anyways, and and of course, the challenge with Tesla is that even the strikes down at 1300 which are way out of the money are still very volatile.

These have had a high today of 13 or 14 or down 50 off the highs. You know this is a huge range, so you know it's hard to hold through pullbacks. Uh, in the options when a pullback can be like 20 30 percent. so you have to go.

if you want to really hold it for a long time, you've got to go even further out of the money. But it's fine. So this has got the 200 moving average right above it on the five. so that one I'm not gonna go back four.

I don't think right now I might come back around 3 30 to see how it looks like the day is finishing on the S P and then decide whether or not I'm going to cut loose that swing trade that I have that I'm losing on and or if I'm going to add anything else because you know the the daily chart on the overall market is Two, four, five, Six, seven, eight. Let's see. Sorry, uh, two, four, 6, 8, 10 green candles in a row right now this is kind of outrageous, but so I'm You know I'm betting for a reversal with this position I have on Spx, but I am. You know I might be wrong and overall market is clearly strong.

but if we do get that red candle then I might try to add for you know the reversal and that's kind of part of why I am a little hesitant about you know, being long Tesla off the lows when the overall market feels like it's just getting ready to roll over or trying to go along Amazon off the lows because again, the overall market has been really strong and these have been a little weaker and now the overall market might be getting ready to top out. I don't want to be long, a bunch of stocks or have positions that are bullish on on a bunch of stocks, so I'd be more inclined to look for a credit spread. But that requires a stock that hasn't already pulled back a lot. It's way too late to take credit spread on Netflix, It's already pulled back.

It's too late to take a credit spread on Tesla, it's already. You know I mean it. It's coming back up. It feels like unless something happens to the overall market.

So this is where sometimes swing trading can feel a little tricky because you might have a good setup on one stock. But then what happens in the overall market? Yeah, you know it's a factor, so I don't know. Maybe today I won't take any new trades and I'll just be holding these and managing them until I find a new opportunity. Which is fine.

You know you don't have to be in something every single day. That's That's not a big deal. So yesterday I was up 90 000 or 92 000 something like that. Today I'm up 12 000.

So already crossing over a hundred thousand dollars of profit on the week? That's about now. Three hundred and seventy thousand dollars of profit. Three hundred, eighty thousand on the month. Five hundred grand is the next.

Uh, next goal. Next line in the sand. So 500 000 a month. And you know right now we still have 10, 11, 12, 13, 14 days left in the month.

if there's no holidays this month, so we've still got, we're not even halfway into the month and I'm at 370. so this could easily be a 700 000 month If you know, we continue to see some good momentum. But today, you know today wasn't great. Today I did the very best I could and I'm only up 12 grand.

You know? Yesterday I did the best I could. I was up 90 000. So some days the market is here for you, and some days it's not. I'm sure there might be other traders you know, with an aggressive short strategy who might have done well on something like in yesterday, but that same trader you know on Mcrb um, yesterday could have gotten ruined.

So you know I mean I, I, I'm fine with my strategy. there's gonna be hot days, there's gonna be slow days, so I'll be back at first thing tomorrow morning, and hopefully we have some good gappers on the scans that are holding their pre-market level, and maybe I'll even have another swing trade before the end of the day. All right, so that's it for me. I'll see you guys first thing tomorrow morning And that right, there was an entire video with no ads.

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