What's up everyone? Alright, so here we are: finishing the 41st trading day of 2019 up four thousand dollars. Now today's an exciting day because I have now crossed two all-time highs in the IRA I lost money on Friday But those losses were split evenly between my main account of my IRA and then yesterday I made 3030, 300 in the IRA and today I made four thousand and four actually 4500 in the IRA. So now the IRA Boom back to all-time highs. The main account man, it's actually still straggling because I lost another 500 in it today.

But net I'm up four thousand. I'm up seventy three hundred this week and you know I'm digging myself out of the hole. This is the problem with having the big losses that it's unlikely. you're gonna make it all back in one day.

so you got to spend the next few days just, you know, chipping away at that loss. But you know, keeping yourself focused and optimistic knowing that you will get out of this hole. It's just a matter of staying disciplined and following the rules. That's one of the hardest things as a trader is.

you know, following the rules. Sometimes the market rewards you for breaking the rules. You know you hold the stock a little too long. you probably should stop down, but it curls back up.

So next time you're like, well, maybe I'll hold this little longer and then that's the time where it keeps going down. So you know you just have to have that set of rules. You've got to have discipline to follow them. And right now I'm doing a pretty good job of that as I'm working my way out of the hole.

So as usual, any questions, any comments, leave them below. give me a shoutout of what you guys trade today. We'll see you all first thing tomorrow morning. Right back here.

Live streaming at 9:15 All right everyone, so we're gonna do our midday Margaret recap it's a little past 10:30 I'm gonna shut it down for the morning and I'll finish here. up four thousand, five hundred, ninety-two dollars in my IRA which is awesome and down five hundred and three dollars in my main account. so you know kind of bummed out here. Took a short on Ffh l lost 500 bucks but overall up four thousand on the day I hit a high of being up just about five thousand on the day my last two trades were on G some right here lost 500 and then Ffh L Us 500.

so you know gotta know when to walk away. I could certainly keep trading and keep looking for opportunities and try to make back that thousand I lost or I could take the four thousand dollars. that's certainly more than I had when I started the day and be happy with that. So taken away that four thousand dollars and you know that's good.

In fact, my IRA is now back to all-time highs. My loss that I had on Friday was a split between the IRA and the main account. so I haven't recovered in the main account yet, but I've recovered in the IRA which is terrific. And realistically, at this point there's not really a lot of purpose in trading to the long side in the I are in the main account because of the the income tax so I'm gonna have to pay for it.

I mean you know I can trade a little bit and when I see a really good opportunity and I don't have enough money in my IRA to trade it the way I want to then I'll trade it on both sides. You know money made is better than nothing. but at the same time really anything that along side should be in the IRA anything to the short side should be in light speed here. or if flights B doesn't have shares available to borrow I would trade in a center point right here.

So Center Point on FF HL was charging two cents for 5,000 shares for every five thousand shares so that would have cost me a hundred bucks to short it whereas on this particular stock Lightspeed that just had shares that were easy to borrow so I didn't have to pay any. So that's why I was like oh well, you know easy to borrow or shares are right there. Alright, I'll go ahead and take that trade. So anyways, you know this morning we did our pre market watchlist and PE TZ was the leading gap or PTZ was up.

Let's see, we'll go to time frame: historical: 9:00 9:15 What's going on here? 9:15 Alright, so 9:15 the second-leading gap in the entire market was PE TZ In fact, by 9:30 it was up over 70% This stock was just really strong pre market. It did a little pre market pullback so you know where I wanted to get in I wanted to get in for the break over a dollar 45. Call them that pre market on the watchlist. My buy order is ready for a dollar 50.

Getting in at a dollar 50 the bell rings. It squeezes from a dollar 40 all the way up to a dollar ninety eight. So on that one I was pretty aggressive. Let's see.

my first trade: a dollar Forty Forty Forty Four, partial, fell there, added at 45, 49, sold at 93, added back at 91, 95, sold at 95, 96, added back at 89, net 89 and 98 and then lost on on that ad selling at 87 So you know I was pretty aggressive on this, mostly because I saw it having a lot of potential if it broke over two dollars. you know, from there up to 250 and that's exactly what happened. It just hesitated at that 2 dollar spot for a second before finally breaking over that level. So you know PTZ Nice $5,000 trade right off the watchlist.

maybe not the absolute and it wasn't a homerun. I Wouldn't say it was a home run, but you know, a really solid trade and a pretty easy trade just straight off the watchlist. I mean entry right here and then a couple aggressive scalps in this area I had let's see what else. HG BT that when I was a little aggressive on 18, 2014 66 well you know stepped up on that when I hit the gap Skinner hit the high momentum scanner I got a starter and then kept adding added all the way up to adding literally at high of day high of day was 66 and I added at 66.

I mean I hit the high a day and I did that because I really thought that this was gonna get halted and had a chance it going up to $2 given the momentum that we were seeing today. So on that one with 12,000 shares I only made 300 $28 instead of selling 9066 for you know, like $1,800 a profit I was adding. of course at that point I was already up five thousand on the day. So you know for me when I've already got a good cushion I Don't mind taking a little bit of risk I don't want to lose money on it and I didn't I you know I still walked away with three hundred dollars but I don't mind risking the unrealized profit in exchange for what could potentially be, you know, a second really big trade and that certainly could have been from.

you know, a dollar, Forty twelve thousand shares, up to 70, 80, 90. You know that could have been four or five, six thousand and boom. I've got $10,000 a day. It all starts with the first trade and the first trade is PE TZ that's the one that gave him my cushion on the day.

That's the one that allowed me to be aggressive. But unfortunately today, 5137 dollars on PTZ and the rest of the stocks you know didn't give me profit, you know I lost 500 on G some that was off the gaps that was off the hide. a momentum scanner GS Um, lost 346 on NCT Y that was on the gap scanner here and then shorting FF HL This one hit the hide. a momentum scanner.

It has such a history of dropping I shorted it. It popped up here 255 and there's a drop down here I shorted it to 49. You know. Mental stop at high a day I held it until it Sixty-six stopped out with a $500 loss.

you know? and now it's back to where I got in, so you know, but the same time it could have gone to 75 or 80. in a certain point, you got to cut those losses. so cut that loss. You know, a little bit on the tighter side before it got too bad.

and and that's fine so you know. Another $4,000 another Green Day made 3,600 yesterday 40. Well, I guess 4,000 today. So that's a $7,300 week so far, which is good.

So Plus 4,000 for K It's the 41st day of the year and you know I'm still digging myself out of the hole. You know that's the situation that I'm in right now. Who lost almost 9,000 on Friday 4,500 in the IRA about 4,500 in the main account pretty much split 50-50 there. You know that's the downside of trading into accounts.

When it works, you make double when you it goes wrong, you lose double and I lost double on Friday So digging myself out here. and yeah, a lot of times I'm not really able to easily trade into accounts at the same time because these stocks move so quickly. you know? I It's just. it's just hard it's You know, it's hard.

It's not easy to trade in two accounts at one. It's hard enough to trade in one account to go back and forth between two. You know, checking your P&L I mean I can flip back and forth here like this so I can see what's going on in the other account. but you know it's kind of like when I'm in this one I'm blind to what's happening on the other and then this one I'm blind what's happening on the other so you know it just creates a little bit of a you know, a challenge there to try to be long a stock in two accounts at the same time on Friday You know I managed to do it.

It didn't work, you know I had trades earlier this year that it worked out well to be in both accounts, but it's it's not. It's not always the easiest thing. So and then the centerpoint mostly is for short selling. and well, Ffh L was easy to borrow so I didn't need to use that account for that.

And when I wanted to short PTZ there weren't shares available I want to short it right here I thought this was too extended off the nine moving average and would probably fade I didn't know it fade this much, but I wanted to short it right here. Unfortunately, no shares available to borrow so you know I could I could reserve shares earlier in the day, but you have to pay to do that and then you're immediately in the hole. and you know if you're reserving it every day, you know you might be spending $150 a day or 200 a day just reserving shares, you know? and I don't really like getting that far into the hole before I start my day. so I don't know, but all's well.

that ends well. It's a green day here. four thousand dollars and live to trade another day and be back at first thing tomorrow morning Wednesday morning. Hopefully we'll have some continued momentum today.

The Chinese stocks are really, really, strong, so you know we'll just see if that if that trend continues. All right. So and yes, Lightspeed is offering day trading with IRA accounts. So if you've got the IRA account you this is a Roth IRA that I have here I converted it to Roth So this is I have settlement margin so I can trade as much as I want with my basically you know my buying power I don't It's a little bit less than my actual amount, but you know that's pretty much I can trade as much as I want which is pretty cool.

So yeah, tax-free growth, tax-free withdrawals, and I started this account twenty nine thousand this year so it's already up over two hundred percent, which is cool. Yeah. So anyways, reminder guys: Tonight 9:00 p.m. to 11 p.m.

Futures Trading Room will be open Those of you guys that want to learn how to trade commodities natural gas, soybeans, corn, oil and you guys can check that out So that'll be in the Futures room at nine from 9:00 to 11:00 P.m. All right everyone. I'll see you guys first thing tomorrow morning around 9:00 9:15 for pre market analysis. If you're still watching, you must have really enjoyed that video.

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