What's up everyone? All right? So here I am trading on the road again. Two laptops to USB monitors. That's all I need this right? Here is a traveling Atm today. Put out 160 bucks.

Not the biggest winner, but you know what? Hey Green is good. The last couple days have been incredible. Fourteen thousand on Wednesday 7,500 yesterday, over twenty thousand dollars of profit on the month of May and it's only three days in. And what I have been saying here is that some days the markets hot, it's time to be aggressive, pedal to the metal and other days the markets a little slow.

it's a little choppy and you know if the best thing you can do is have a small loss or even a small profit, that's fine. Just live to trade another day. I Know it's hard because we all have our daily goals, we have our weekly goals, and sometimes you're gonna hit your entire monthly goal in the period of three or four days and it'll be the end of the month. But what's important is that when the markets not high that you're not being overly aggressive trying to achieve a daily goal that is not realistic for that day, you know you have to keep that in mind.

What is realistic to get from the market on this particular day I might have a goal of 5,000 or 10,000 dollars, but if the markets not gonna give it is not gonna give it. So you guys just adjust the goal and adapt the strategy. and one of the big things there is being able to ease off the throttle and the market slow. and then hell with the metal.

When things are hot, things are super hot on Wednesday and Thursday Today things slowed down so I eased back, reduce the share size, reduced risk $160 a profit. Hey, let's find the meat all right. So I'll be back at it first thing on Monday morning back in the office. As always, any questions comments on today's recap, leave them below and I'll see you guys on Monday morning.

Okay, well so we're going to do our midday market recap. Kind of a uneventful day here in the sense that I'm going to finish up only about a hundred and sixty dollars. Really, just didn't have a whole lot of follow-through These are the two stocks I traded Rh E and RB Z rhe I actually was up about a thousand dollars on and I gave back that profit trying to scalp what I thought was going to be a break the pre-market hodge so we can look at this one first. This one was our leading gapper this morning, but of course the problem with it was that by the time the bell was ringing, it was already up, it was up 95% and at that time the morning will flick it.

just look at 9:25 A.m. By 9:25 A.m. had already had 2 point 1 million shares of volume, so it was fairly crowded and it was, which is necessarily a bad thing, but the issue more was that it had already made a big move and it had already dropped quite a bit on these two occasions. So as the bell rang here, I took my first scalp, jumping in right about here at 490 and then selling for 92 and then selling on the move up to 511 and on that move right there I made about eleven hundred dollars which was not bad I got out I then got back in right here as it broke over the high a day and this was a little aggressive I got in this with nine thousand shares thinking it was definitely going to hit the pre-market high.

it hit a high of 25, it then dropped down to 501 and I was like oh, if this breaks five, I mean it's just a chance to go flush all the way back down. So I stopped out and actually was down about a hundred and fifty dollars. so I gave it I gave back the whole thing my whole profit on the first trade I gave back on the second trade and then I got back in and right here at 5:18 thinking that now that it popped back up, it was going to hold. it hits 5:30 and I sold that for you know, four hundred dollars of profit 450 got me out of the red and back into the green, but only by $360 and then I was like okay, let's slow down for a second because you know I don't want to go I don't want to be red today and another 9,000 share position on this one that goes the wrong way could put me down $3,600 So let's slow down.

So I slowed down I didn't take this set up here which was a false breakout. It then broke the view app and then it never gave another opportunity and that was it. So unfortunately you know this stock. you know at the majority of the move to the long side was pre market at like 7:00 in the morning and of course I don't trade pre market.

so I missed that opportunity and then once the bell rang more the volatility has been to the sell side but of course no shares available to borrow and so you know I wouldn't have been able to trade it even if I wanted to. So you know that that's the way it goes. Sometimes they're just up too much pre market and then they don't hold the move and the reality is the catalyst was not up to take a really strong one at all to me. I mean I looked at it and they got approved for looks like a four or five million dollar loan.

Not really sure if I'm not, you know I just wasn't totally clear why that was such a strong catalyst. But in any case, yeah, so up 310 on that the watchlist. We also had a RC I on watch this one. the volume was too light.

It was a nice daily setup. you know, kind of opening up here potentially, but it did not give me an entry point so no trades on that one. We also had d FFN on watch from yesterday. No trades on that one either.

It didn't end up looking good. by the time the bell rang, it had already been stair-stepping down way too much. You know, back in this area it was looking okay. you know, maybe a retest of the pre market of the after-hours highs from yesterday, but it had sold off and it was below the 200 on the daily, so that one was out of play.

t AIT from yesterday was definitely out of play. That ended up being a big red candle on the daily. almost a bearish engulfing candle. RBZ was the next one that I traded I took a six thousand share position on this for the break over eight dollars which was right about here.

so as it curled up here I jumped in, it actually hit eight dollars and then dropped all the way back down to a 767. So I got in. as it was coming up it hit eight and I could see buyers but I could also clearly see there was a seller on the ask that was not moving and I gave it a second and then when it didn't break I just boom bailed out and got back out for a small loss under $50 So today's the day. we're going to be up 160 and you know this is for me, a pretty much a flat day to break-even day.

I did not get the daily goal of you know, $2,000 but I'm still up more than 20,000 on the week and now on the month of May which is which is fantastic. So the really important thing and I emphasized this yesterday are tried to during the recap. There will be days where the market is really really hot like it was on Wednesday and like it was on Thursday And those the days to keep trading. You know, for me past 10:30 to go straight to 11:00 to keep trying to find opportunities and then they're going to be days like today where there's really nothing that's opening up, things aren't working and traders are starting to just leave the market.

You know people are like, you know what it's Friday This is a waste of my time. I'm just going to lose money if I keep trading and so more and more traders are going to start to leave. and then let's say it. 11:30 something pops up on the scanner that has good news and actually is a really valid setup.

Well unfortunately by that time since you know 50% or 70% of the day traders out there have already left the market, there aren't going to be people there to press the Buy button which is what would create the volume and you know, help fuel a breakout. So you know you kind of have to think about. well, what are other traders doing today? This is a Friday Probably more likely to leave early is just the beginning of a long weekend. You know it's not today, but you know if it were, that would be another really big important factor to keep in your mind because you know when you're trading in the market, you're not just trading.

You know against computers and algorithms. I mean you might be at times, but a lot of times you are trading and with and against other actual traders. So you know if you're trading pre marker you're trading after hours. When there aren't a lot of other traders, often you'll see that the stocks are much more erratic.

They can have bigger spreads, they are just more difficult to trade. And that's also true It you know 1:00 in the afternoon on the Friday when a lot of traders have have already left for the day. So you know our European traders who, you know we've got a ton of here. The market opens at 3:30 in the afternoon for most of you guys, so you know by the time it's 4 o'clock in.

you know 4:00 in the afternoon. Here in the markets closing, it's 10 o'clock in. Europe A lot of people have already. you know, long since thrown in the towel.

You know they're not going to trade till 9:00 10 o'clock at night? Some people will, but most one, you know and so you just kind of have to think about that sort of mindset. When are there the most traders in the market? Because that's when you're going to see peak volatility and that's always the first hour and then it sometimes picks up again. You know at the last hour is some of the international countries are starting to come online. you know for their morning, but you look at the Sp500 typically peak volume is going to be in the morning and then you know afternoon it lightens up the last couple days.

Actually, we've had kind of volatility. mid day, they're back at the evening. This is a day where we had a sell-off going into the close. But the typical day - these kind of like big after-hour spikes you know is is volume in the morning and then decreasing as you get further into the day.

You know that's more of a typical pattern right there. I Think that these After Hours trades here. Not exactly sure what that's about, but in any case, it's certainly true with the small cap market. So I do have some live trades from yesterday that I will upload I wasn't recording today I'm on my traveling trading station I'm on the road, but I do have trades from yesterday I did wasn't recording on Wednesday and I wasn't recording on Monday and Tuesday The market was kind of slow though, and while today probably wouldn't have miss much, missed much anyways.

But um, but yeah. so I do have a couple that will go up there for live trading archives for students. So anyways, you know coming to the end here of a really great week, but not a big you know, fireworks kind of blowout and you know in either a bad way or a good way. just a kind of you know non-event type of day.

A couple good stocks on the scanners but didn't really materialize. For traders who focus on trading alongside some of you guys who trade, the short side may have had some better opportunities if you had shares available to borrow, but that's okay right now. I'm just happy to be off to a great start for the month of May up Twenty thousand dollars fifty percent to the day to the monthly goal and you know today was just a day where I stepped up. you know I didn't connect and so I'm not going to force it.

I'll just take the break-even day which is essentially what this will be and you know, live to trade another day. Be back at it on Monday If I don't have a chance to hit my daily goal you know, two thousand, two, four, or five thousand dollars then there's kind of no point in trading because on days when the market is hot like yesterday I can make seventy five hundred dollars or fourteen thousand like the day before and when the markets not hot doesn't matter how much trade, you were just not going to find those big moves. So best best strategy is just to step back and hold your hands and it could be hard to do that, but it's the right thing to do so. I wish you guys luck if you do end up keeping at it here this afternoon, but probably I'm and I really don't know what what you'll get out of it.

So most likely and you guys will probably just end up shutting it down here pretty soon. and I will see you all back at it first thing on Monday And remember the new chat room for small cap students is launching on Tuesday So those of you who are verified 100k club members you could send over a copy of a broker statement will verify you and then you'll get that badge on your on your name and the new software. Alright everyone So I hope you guys have a great weekend and I'll see you all on Monday If you're still watching, you must have really enjoyed that video. So why not subscribe and get email alerts any time? I Upload new content.

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