Alright guys, so let's go over our midday market recap for today. This is the last day of July So finishing up another month here and today is the 140th trading day of the year, which is exciting. That means we've got about a hundred days left I usually have a bright around 250 251 trading days each year I'm over here looking for my pen so I can take notes on my trades for today, but it don't seem to have one so that's ok. I'll write things down when I find my pen later.

But anyways, so today it's kind of interesting because on the Gap scanner we didn't have a lot that I was super super interested in leading Gap or that was within my price range was um, was it and and just like on the tip of my tongue, NXT D NXT NXT D was our leading gapper and this one you can see here pre market. It had a nice little pre market consolidation under 190 look decent but the bell rang and I saw Sam who's moderator in the chat room. He got in. this right down here.

175 anticipating the break of 180 pops up to a high of 184. Boom locks up the profit and that was the easiest trade of the day on this one. It was not an easy one so he was a good job capitalizing on that one opportunity. It was definitely a stock that was likely to give you one or two opportunities and he got it.

So good job to him on that one. Right out of the gates I Was watching my oh this was the first one I had on watch and you can see again pre market flagging around eleven dollars. a little bit of a pullback and so I was like okay, this looks decent for an opening range breakout so I jumped in this at 10:50 with 2,000 shares getting in for the break of the half-dollar Thinking that this might quickly pop right up and retest $11 it popped up to 1060 and then dropped to 960 I stopped out of that with the four hundred and seven dollar loss I took smaller size and stopped out quickly but just was like wow that was ugly. Now my O is a recent IPO and these stocks are very volatile.

They can be very volatile as so they can move up a lot or they can move down a lot and you don't always know which way they're going to go, especially when you get in at the apex point, You get in at a breakout point and a breakout fails. It can turn around really quickly. so so that was my first trade of the day and I went right into the red and so I was like oh my god it's going to be my third red day in a row. This is getting really frustrating what is going on and then I saw an o VN hit the scanners and when I saw this hit the scanners I thought okay, well this is a stock that I've traded in the past and I've done pretty well on it.

You can see on the daily. as it was curling up here, there was no resistance, no upside resistance really at all. Had lots of room up towards 11:00 so when I look at this I thought okay this looks good I like it but there's one problem and the one problem is that it's very light on volume so you can see here. We had this one-minute micro pullback.

at this point where we have this one-minute micro pullback I was like this looks fantastic but there's less than one hundred thousand shares of volume and so I felt like with a stock that's this light on volume even though it had a lot of potential, it's not fair for me to say okay I'm buying the stock because there's not enough liquidity for everyone to get into this trade. So I was like, you know what I'm going to take this trade and I'm going to let other people in the room if they see this setup because it's obvious. let them take it as well. but I'm not going to call it out and we'll just this will sort of be a test.

Let's see if you guys are able to see the setup and take the trade without me pointing it out. So I got in this here for the first one-minute candled make a new high that was an entry just under six dollars and we popped up here to a high of 612 612 and then we dropped right back to 583 and for a moment I was read on the trade and I thought well I'm just going to go further into the red today but then it popped up here 224, squeezed up to 41 and then we had a little micro pullback here under 41 I'll show you on the chart a little pullback here under 41 and then BOOM up to 55 I sold through 55 that move up to 55 and then on this consolidation here at 43. my average entry was just under $6 and my exit was 641. I made a total of three thousand, three hundred thirty-seven dollars on that trade.

So that trade certainly put me back in the green, Finishing the day up here. Nine, Two thousand Nine hundred $29.99 Now this is a trade that was really pretty simple. It was a one minute micro pullback right here out of the gates. Yes, the volume was like and because the volume was light and meant there was a little bit more risk.

but this dock had a few things going for it. It had a good float. It had a good daily chart. It has a history of being a former runner.

The only thing it didn't have was a good catalyst and that made me a little nervous. So it was lacking a good catalyst. Number one and number two. The volume was a little on the light side, so I was a little hesitant getting in, but then we ended up getting a 50 cent move.

So this kind of goes to show you that even though there are times where you might think well the stock is is is extended, it's already up too much or there's no catalyst or something like that. Let's see. So sorry guys, you let me know. If you can hear the audio again, you should.

You should be able to hear. So like I said, this goes to: sometimes you might have light volume, sometimes you might have you know, less than an ideal catalyst. But if you jump in at places like half dollars and hold dollars and you're able to manage your risk with relatively tight stops, you can do pretty well. I Felt like I was managing my risk on this with a pretty tight stop because I was getting in at the very beginning of the move.

Now if I had waited for more volume to come in, I would have had to buy at that much of a higher price. and then you know my cost basis is higher and my risk is higher because you know the downside is that it goes back down to where it started from. So you know this was a decent trade and it gets me about three thousand dollars profit which is a really nice way to finish the month a month. It overall for me has been a bit on the slow side and has been kind of riddled with a couple of really big red days where I got stubborn or I got frustrated and I let I let some of my emotions get the best of me, which is always disappointing when that happens.

but you know is probably part of the reality of any trader. If a trader is able to completely 100% separate their emotions from trading, they're You know they're doing an incredible job and even me doing this for years and years I'm still not always able to I have some really good months and I have some more slow or frustrating months. The one red month that I have this year was April and the interesting thing on April is that I was doing pretty well until I lost like 12,000 dollars in the last week. Like you know, that's kind of ridiculous I ended up going from up like 8,000 on the month to down 6,000 So that's just kind of a silly thing to do at the very end of the month on the last two days of the month to get super aggressive and you know to throw away a decent amount of money being stubborn.

But it happens and my hope is that you guys are able to. You know, even at times see me as I'm in those states and recognize okay, this is a traitor who you know. Yeah, he's really successful. He's done a really good job, but you can see is getting emotional and hopefully you can learn something from that both from the good and the bad.

I Mean that's kind of the whole point of doing these recaps every single day is that we don't brush the losses under the carpet. We talk about them. So today is a good day. It's Green Day It's a great end of the month of July which as I said, hasn't been the best month.

I have a total of 1, 2, 3, 4 red days in the month. Three of them were last week, which is really disappointing, but three of them were last week and in total those four red day's amount to twelve fourteen about $15,000 in losses now. I've talked about this before in the last few years I've lost over $900,000 trading and I've made back 1.4 million or something like that 1.5 million. So if I tallied up every single loss I had this month, obviously it's going to sound like a big number and if I tallied up every single one of my winners, it's going to sound like a big number.

But we talked about what the net is. So it happens for me that on days as I'm read, my accuracy is usually really low, like 33 percent or lower. So the days when I'm read I end up just. that's when all my losses are.

They're kind of grouped together on the read days and the Green Day is typically my accuracy is pretty good. I've got you know, four out of five success accuracy. green on four out of five names or three out of four names. So you know in those green days, there might be a loss here there today.

I have a four hundred dollar loss, but generally the big big classes are on those red days and it's when I have multiple big losses. kind of like back to back to back and that's when the days get pretty nasty. So I'll finish this month unfortunately with less than ten thousand dollars in profits. but I am in the green and I suppose it's a little disappointing because last June I made thirty four thousand last July made thirty two thousand Last August I made twenty-nine thousand ninety six thousand dollars and three months in June I made like eight grand here in July I'm probably up like six grams so it's just it's a it seems like very, very different from last summer.

It just happens that momentum has been a little bit slower and I have to be able to be patient, sit on my hands, not force it. Forcing it is what cost me some money this month. So I probably could have finished this month around fifteen thousand if I hadn't gotten a little too aggressive. But you know at the same time, getting aggressive is how I made seventy thousand in January So I guess right now I'm maybe paying my dues for being that aggressive, but that's okay.

So tomorrow is August first and I'll finish up this week trading from California enjoying the warm weather it's really warm here and then next week I'll be back back on the East Coast So hopefully we'll have a good strong month of August I'll do a little bit of, you know, a little bit of momentum, a little bit of reversals. just keep looking for the opportunities and stay focused on a quality setups as much as I can. All right. So that's the game plan here.

I Hope you guys all have a decent morning and I will see you first thing tomorrow morning 9:00 a.m. Okay, I'll see you guys soon. Oh hey, I didn't see you there Why? I Was just working on the dream board for my next home run trade. Hopefully it comes soon.

Until then, make sure you subscribe to get email alerts anytime I Go live or upload new videos. Until then, happy surfing.