I'm taking you guys on a little bit of a walk here. we're outside walking across a little bit of ice here, going out to my tree stand. I Don't come out here that often, but at some point probably many years ago someone set up a tree stand out here and every now and then if I have a really bad day of trading, I'll come out here and just sit in it I don't hunt but I just kind of like being able to come out and slow down and just be quiet for a little bit. now.

today I'm doing it cuz I actually had a great day of trading and I want to come out and just kind of take a breath and take it in a little bit because these types of days I'm up 13,000 dollars today. They don't happen every day, only have days like this a couple times a year, so you really want to be grateful for them. Alright, so here we go I'm out here at the tree stand making my way up. It's nice and quiet now.

Like I said, the last time I was out here was after a big red day and I just wanted to get out of the office and slow down a little bit. It's nice up here though. nice and quiet. Nice of you.

Little River down there frozen over. it's easy to get caught in that kind of bubble and caught in the zone of just being staring at the computer. Hour after hour staring at your PNL watching it go more into the red or even more into the green. and even after a great day like today I Have to be careful because statistically, I have my biggest losses right after my biggest.

Green Day's why do you think that is overconfidence, getting overconfident, getting too aggressive, and then boom quick. Lots big loss. So I need to be really careful tomorrow as we finish up this month. But I don't do something stupid I have to continue to trade smart, continue to be focused and so coming out here is an opportunity for me to meditate a little bit and catch my breath.

Get focused. Put today behind me. weather today is the Green Day or red day. Put it behind me and come into the market tomorrow with a clean slate, fresh focus, ready to take a couple of good traits, and you know what if tomorrow ends up being a great day, That's awesome.

but if it ends up being a little bit slow, that's alright too. Really everything I do right now I do to try to become a better trader the way I eat the way I sleep the exercises I do everything is related to trying to be the best trader I can be it's It's crazy how when you're trying to get good at something, how much your life revolves around it. and right now for me it's just all about trying to be the best trader I can be the best teacher I can be for you guys and to try to turn this $583 account into a million bucks. So I'm gonna sit out here for a few more minutes, meditate, relax, then head back into the office for my warrior Pro mentor session at 3:00 p.m.

with students. All right? So we'll break down all the traits from this morning. The winners: Everything that went right in today's midday market recap. Let you guys get into it and if you have questions, put them in the comments below.

I'll come back and answer those later. What's up everyone? Alright, so we are going to break down the trace in this morning. Today is the 20th Day of 2000 2018. We're just doing our 2017 year-in-review 20th Day of 2007 2018 finishing the morning up Thirteen thousand, Thirty one dollars and 60 cents.

So I'm at this point setting a bar so high for myself I Really don't know when I'll ever have a month where I make this much again. You know, the last few days here in the month just stacking up the profits. It's crazy. If I had you know if I had all the money that I've made this month sitting and you know, neatly stacked.

You know, whatever thousand dollar stacks I mean it would be a lot of money sitting here. It's it's just crazy. Another thirteen thousand dollars. It's almost like it's pretend money.

Because it's it's just so much. it's you know. I when I walk around the grocery store, you know I'm picking stuff out I'm like I could buy anything here. You know there's there's nothing here I can't afford I could buy this whole grocery store.

You know it's like I don't know who else in the grocery store made thirteen thousand dollars today, but you know it's just it's it's a ridiculous amount of money. You know running my card for one hundred and twenty dollars in groceries is like it's like nothing I mean that's like no big deal. It's like not even doesn't even put a dent in what I made today. So these kind of days though, it's it's really just building the cushion because there will be a slow period.

Not gonna lose sight of the fact that I will have a period at some point this year when the market really does slow down for me and we're making even $1,000 a day will be difficult. So I want to be just really grateful for these games I'm not spending them all on you know, $15,000 velvet suits and you know, limousine rides to the grocery store. I'm saving it and doing the smart thing, reinvesting it into the market. and I hope that we of course continue to see a really strong market.

I would love that. but if things do slow down, I will be prepared and that's kind of my approaches I am always preparing for winters what I kind of call it, you know, just preparing for that inevitable slow period that will come. So today, $13,000 Let's break it down: First trade of the day was on Strm. My first trade I didn't take until 942, which is kind of unusual that I waited that long to take my first trade, but you know there just wasn't anything that looked really good for a gap and go the overall market down 300 points at one point today, we're down 293 points right now, so that probably is weighing on the small caps a little bit.

But in any case, I bought Strm on. let's see the first one minute pullback right here: I Got in with 10,000 shares at $2 or so. no I got in with them. Let's see.

Yeah, 10 Actually, she said, take them no I took 10,000 shares at $2 and then I added 2,500 shares at 2:10 to 12,500 I sold half at 213, a quarter more at 213, held some through a pullback and sold the rest at 218 and 213. So this was sort of that pullback here. The high was 219 1,300 bucks. That's basically 10 cents with 12,000 shares.

So not the biggest winner I've ever had. but Green is good I'm happy with that and you know it just felt like you know, just it just felt like we're not having much of an exciting day. It was a slow day and then in the chatroom J it was J he posted hey guys Arg s just has this new patent that was issued so I took a look at it, took it, the link, took a look at the link and I saw. Okay, Arg S has a patent dated today January 30th I saw it starting to pop up and I hesitated a little bit.

It tapped a high of 60 and then it dropped down so it hit 16. It pulled back as it curled back up. That's when I got in with 75 hundred shares at 260. basically 257, 59 and 60.

Okay, it hits 60. It then pops up to 70 and I'm like you know what, this looks strong I'm gonna go up to 10,000 shares so I added another 2,500 at 270. it then keep squeezing to 288 and I'm thinking okay, I'm going to add I think this is gonna break over $3 now I'm gonna start stepping it up a little bit I add 88 and I add it to 93. So now I have 15,000 shares with an order to add another 5,000 at 307 to bring me up to 20,000 shares.

Definitely aggressive on the share size, but I wasn't really worried about this one. like doing anything super crazy because it's it's a The spreads weren't too crazy, it wasn't It didn't feel out of control, so adding here is it taps 3. It's then halted at 306 on a circuit breaker. It resumes and squeezes all the way up to 389.

I Added 2500 shares at 370 which got me up to 17,500 shares. Cancel my order 307 because it didn't fill I Sold 500 shares at 387 and then it dipped back down I sold another thousand at 368 I held through this little pullback waiting for the first one minute candle make a new high. That happened right here and we popped up and we hit 69. We started to see resistance and I said I'm hitting the bid I'm bailing out sold I tried to sell all of it on the bid at through at 352 I filled 12 thousand shares can't had to cancel the order and sell the rest at 45, 43 and 40 so ended up with only eleven thousand dollars of profit because I say only because my goal was that this was gonna get over $4 as soon as this hit 385 I was up $17,000 If it had broken over four, I would have made over $20,000 on the trade, This could have been a twenty to twenty-five thousand dollar winner.

It had that potential and it all started with a max risk of about a thousand dollars. Starting with about a thousand dollars of risk which is like 12 cents was 7,500 shares I started with small sighs once I was up 750 bucks I added 2,500 shares and I adjusted my stop to break-even now I'm not risking anything I'm risking a thousand dollars of profit but I'm not risking a loss once I was up three thousand dollars. I added another five thousand shares again adjusting my stop. At that point, my average was 371 and I had 15,000 shares.

So I I was like look, I can stop out of this at this point with a thousand dollars profit but I was more aggressive because I saw the potential. Now it didn't realize the full potential because on the one-minute micro pullback it dropped. It didn't work and that was a little disappointing. But if you step up to the plate like this enough times, eventually you will have one that works.

It does the one-minute micro pullback. It squeezes up to 425 and gets halted again, resumes at 450 and you're making $34,000 in one trade. That will happen eventually. it's just a matter of time and as long as you're able to stop out quickly, these types of trades are still winners even though they don't work as well as we might like.

So starting with small size adding as it's working and then just continuing to adjust the stop as as its as you're in the profit zone and finishing with $13,000 is great. You know for me this was kind of the point where I was like look I have crushed it this month if I end up not making $3,000 down here let's say when I got it, added it to 93, it dropped right back down to 270 and I had to sell breakeven to me it was like I already have such a big profit cushion that I can take that risk. So for some of you guys who might not have felt comfortable with this level of risk, you might have added down here at 2:57 and just held it. Maybe you sold half at 293 or $3 and you sold the rest at 350 And that's okay too.

It's a little more conservative, but it's okay. It's a winner, right? It's just about booking profits as consistently as you can. So you know here we are breaking over a hundred and twenty thousand dollars on the month. I'm at one hundred and twenty two thousand.

Two hundred ninety three dollars right around there for today and for the month as of today. so we've got one day left which is tomorrow. Hopefully we have some you know good opportunities and I mean I don't know it's again I Don't know when I'll ever have another month where I'm over a hundred thousand dollars let alone one hundred and twenty two thousand, but you know it just comes down to being disciplined and being focused on looking for a quality set ups. And when you see them, you know being willing to be aggressive.

So the best month of my career was November With 82,000 that was the best best month to date in December I made eighty four thousand. That was the best month to date in January I'm up a hundred twenty two thousand dollars. This is my best month to date. So I can only really guess what January has in store for me, what February has in store for me.

So hopefully we have a great month of February We continue to see really good follow-through and you know I can just keep growing this account here this month. I've made half of what I made in all of 2016 so that really does you know say a lot about this month. It's been a great month. Alright, so sitting at $457,000 in my account that started with 583 dollars, the account is growing very quickly and I just have my eyes set on a million dollars.

It's a big goal I'm not even halfway there, but I'm just gonna keep working at it one day at a time I would need about, you know, 55 more days like today before I crossed that line. 55 days. There's only 20 trading days in a month, right? So that's like three solid months of making $10,000 a day. It's not gonna happen.

that's just not realistic. So it's gonna take another eight, nine, ten, maybe twelve months, maybe longer. But I just need to stay focused every single day and the biggest thing will be keeping the loss is tight because having those setbacks can be really, really hard. Alright, but anyways, that's it for me.

I Hope you guys all have a great afternoon and I will see you first thing tomorrow morning back here in the chatroom. Alright, see you guys in the morning. If you're still watching, you must have really enjoyed that video. So why not subscribe and get email alerts anytime? I upload new content.

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