What's up everyone? All right? Well today was all about Fomo Momo. So yesterday of course we had this big move on Rgc. It started pre-market where I did really well on it, made about sixty six thousand dollars and I gave back. It was uh, eight, almost nine, eighteen thousand, seventeen thousand off the top.

So I finished the day up a little under fifty. Well, Rgc as you know, held its level all morning and then started to break out in the afternoon through 34 35, 40, up to 45, up to 50. then pulled back and did another awesome breakout up to 58. by the end of the day it pulled back a little bit.

It popped up pre-market and then sold off into pre-market Uh, today I did get a trade on today. it was a small winner, but Rgc is now kind of fading. Well I said yesterday the next stock that I saw popping up and moving quickly I would jump in on and be aggressive. Yesterday we had Lwac which was a spack that made a pretty big move from about 20 or so up to 70 bucks.

came back down quite a bit but then went back up. So it's kind of a weird move to see like a 50-point move, a retracement and then back up. Today we got something very similar, a spec starting to pop up. Squeezes from 12 up to 15 to 18 to 20, 22, 25, 30, 35 all the way up to let's see no, the high was 34 43, so something like that that was around the high.

it pulls back bounces off, the V web, pops back up, setting up an Abcd pattern into the open. and then it reverses and it's sold off all morning. And it's really interesting how you'll see one stock like Rgc yesterday be so strong at the open and then another one today be so weak. And so I gave back profit again.

Today I was up. Uh, let's see well before I, uh, before I recorded the recap, I was sitting at 52 000 in profit and then I gave back another 7 000 trying to do a dip trade off of what I thought was a volume bottom. So I'm up about 45 000 today. It's a great day.

It's really solid two days in a row. Giving back profit today though a little bit differently because the stocks sold off a lot and I'm disappointed to see that on the one hand I'm thinking that the next stock I see squeezing up I want to be really aggressive on. but then on the other hand, given the failure on this one that it popped up and sold off and I guess there was some news on Cnbc about institutional traders or whatever pulling out of the stock. so people cashing out and taking profit, you know that's not that's not good, that's not what you like to see.

So given that this one has failed, I am concerned going into Tomorrow Friday in August that if we see something pop up the instinct maybe shouldn't be to jump in, but to hesitate and then you know you sort of multiply that mentality across the trading market at large and I think we may not see as good a follow-through tomorrow, so we may have to wait till Monday or Tuesday for the next good trade. I didn't get any trades in the small account today, so perhaps tomorrow will be a day. I just focus on the small account, see if I can get green maybe 20 cents with a thousand shares, 200 bucks. Something like that would be fine, a small base hit and just leave the big account where it is.

uh, here to finish the week. Which you know remarkably from being down to 70 000 on Monday and Tuesday, I'm actually gonna finish the week in the green. not by a lot. Uh, I guess let's see, I was up 50 yesterday plus 45 today.

so I guess I'll be up like 25 000 on the week. Well, not a smooth week. A bit of a roller coaster, certainly in my own P L and in the stocks that I was trading, but finishing green. So maybe that will be the plan for tomorrow.

Leave the small account as the focus and to put the the large account kind of on the back burner for tomorrow. and then you know, go in next week and we'll see what the market has to offer. So anyways, as always, leave your comments down below. hit that thumbs up! In case you already know, trading is risky.

my results are not typical, and the typical experience is that most beginner traders lose money. so trade cautiously and trade in a simulator before you put real money on the line. Stocks like Rgc, Vr Px, and Bluew. these are high risk stocks, Even for traders that have been trading a little bit with real money, these are some of the higher risk stocks.

They're higher priced, they've got bigger spreads, and so for that reason, these ones weren't appropriate for the small account today. All right, I hope you enjoy the recap and I'll see you first thing tomorrow morning. All right everyone. So um, I'm gonna do my recap for today.

No trades in the small account today. It just didn't happen. Uh, trades in the big account were higher priced and higher risk. Not really suitable for the small account.

In my main large account, I made 34 000 on Blue, then I switched to my retirement account, made another 30 000, and then lost 12 000 off the top. So I'm uploading 18 000 here on Blue, Rgc, and Vr Px. So we'll start with Vrpx since I have that one up here. It's kind of the least interesting in a way, but you know this one had given us a um, let me open my window so you can see me better.

Hang on. Okay, just so bright. it's hard to see the screen, but I don't really see the screen that well right now. So anyways, um, this morning? um as well.

So Vrpx? Uh, so Vrpx is a stock that we traded, you know, last week or whatever. Um, we had this big move on it. As you recall, first day big squeeze, second day squeezed and then faded all day long. You know you don't love to see that, and in fact, we're seeing something kind of similar on Blue right now.

But it's opened and faded now if you recall yesterday. So I got myself a pretty bad case of Fomo yesterday. How did I catch it? Well, I, um, you know, I'm on vacation. I'm I'm trying to, you know, trying to enjoy myself a little bit.

And you know one of the things for me is want to spend as much time with my son as I can and I want to be a great dad. And I didn't get to spend enough time with my dad. You know he he was working and then you know he passed away when you know I was younger in life And so I really want to be able to have that time with my son. uh, my two sons, but the older one.

especially right now. So uh, I finished trading yesterday, you know was up 66 000 took a 16 000 loss. Whatever was up 48 on the day after. fees and commissions.

I have my my P L here so 48 500 yesterday. All right. So actually it was a little bit less than that. It was 48.

uh 262. my commissions yesterday were only like 200 bucks. That was great. but Rgc continued yesterday without me.

Uh so this is a little bit of a tangent, but I'm going to go on it anyway. So Rgc continued without me. You know, son of a gun. This thing bounced off the V Wap came back up here to 38.

I made 66 000 trading in here and then lost 16 as it came back down and then I was done. You know it, you know, right? Like right here I was done. I didn't trade it anymore. goes back up to 38, Pulls back and as I was getting ready to go on the bike ride I checked my phone, Rgc and I I refreshed it the price and I saw it was back at 33 and I was like man this thing I don't know if they can get back above V web it might make another attempt and I knew 35 was kind of the level 35 25 and if you break that then 38 if you break that then 39.

Well I uh mentioned um to some of our junior moderators. I said man I I feel like I should come back and then I re I went. I rode my bike for like you know a mile and then I refreshed the price Again, I was having a really hard time not thinking about it and I saw that it went up to 30 37 here and I was like man this this is looking really good. I mean I and I don't trade.

I don't have a mobile trading app on my phone which is good because I really shouldn't do that but I would have had to ride back. So then I refresh again and it's gone up to 48 dollars right here I was like god dang it exactly what I thought was gonna happen. and man that was clean up to 48 to 49 up to 50 dollars. So you know this one.

I I had so much fomo that I didn't keep trading it. You know I and I I had that struggle. it's like do I? You know I was already up 50 000. isn't that the day? Let's just maybe just like today where I should dig deep and trade all day long.

And if I had maybe maybe I could have had a hundred thousand dollar day, maybe more. Uh, of course it's always easy in hindsight to say that. and looking at a five minute chart, it's easy to say that if we dialed this into a 10 second chart or something like that and we looked at yesterday, I think we would probably find that it would have been very possible. In fact, maybe likely to have traded through that whole move up to 48 or 50 and still still somehow managed to be the guy who lost money.

You know, I mean you think it couldn't possibly happen and then it happens to you, so I don't know. I mean the break here of 38 micro pullback into a halt resumption, squeezing right here up to almost another hall, pull back, move higher, a little false breakout and it drops like three points. Then it rips back up here to the high and then it drops all the way down to here. So from there the high was 46 and the low here was 41.

That's a 5 point pullback. It's a big pullback and then it goes up again, drops hard, goes up again, drops hard again. So now you've got a high of 50.. through this consolidation here we'd start to draw this out as descending resistance line.

So right through here kind of descending resistance breaks above it, false breakout flushes back to the low. it's an eight point flush and then it goes. but it doesn't hold and it pulls back. and on the one minute chart you can see how it hit that high of 58 or so.

and then it started to sell off. After hours it popped up a little bit and then pre-market it pulled back even more. I jumped in it during this spike here. I bought a little high.

I think it was like 40 40, and 41 dollars added at 43. I thought okay, well maybe if it can break over 44, um we can get a shot at moving back up towards this level. Here I was looking at Um 47 and I think the pre-market level here of like 44. you know it's worth a shot.

This is a head and shoulders pattern right here. This is the head that shoulder one and shoulder two. So you know I I felt quite a bit of Fomo yesterday. The stock that I traded and lost um, you know, gave back 30 of my profit on ended up going up another like 100 without me.

and sometimes that's how it goes. But then on the other hand, you never know what's going to happen. And since I've already given back 30 of my profit, you know at a certain point you got to call it a day. And yes, while it's true that if I had done a swing trade of 10 000 shares overnight, I could have made like 400 grand, you also have these examples of stocks like Vrpx that gap up second day and then just sell off.

And so that's what happened to Vrpx back on this day. here. First day was strong, second day it squeezed, uh, a pre-market and then faded. and now today it's starting to bounce up a little bit and so I jumped in it.

at about 21. which was pretty high, it was about to get halted. It went to a high of uh 21 30 before pulling back. So on that one I only made 61 dollars.

It wasn't a very big winner and I didn't go back for it. It's still above my entry right now, but I didn't go back for it. On um, Rgc I got. I was up about maybe 4 000 on it, but by the time uh, I sold it, I was up only 900.

it dropped down quite a lot here and I bailed out and gave back the profit I had made. So that was Rgc. It didn't really hold up. I was watching it, maybe at the open, but after that false breakout I thought now that's no good And then we had Blue W.

So this was kind of a surprise. I mean it was 100 a surprise. I was sitting here looking at the scans and someone says, um, hey, check out. Uh, check out Blue W.

Blue W is gapping up a hundred. Um, let's see, it gapped up 180. This is Blue W and this is Blue Wu. A different class of shares.

Um, is what usually these extra symbols are. I didn't trade this one, but I did trade this. So uh, gapped up 180. 5 million Share flow.

Now I pulled it up and uh, the first thing I saw on it was the news. uh and the headline was fifth. What was it? Um uh. I wrote it down.

I think I posted it in the chat feed. um 115 642 shares in Blue Water and this is a an acquisition. Spack were purchased by this. um it seemed like an investment firm or something like that.

So that made me think okay all right this this company. um you know this farm is making an investment and you know 115 000 shares is uh is not nothing by any means. So the stock spikes from 12 to 15 up to 20 and it went fast. Now as I saw this, this is what went through my head.

It's a spa. It has news Yesterday L W Ac which is now changes symbol to Etr What is it? um Etr S R T S They did a symbol change today. um E thank you Eftr thank you Galen and D So Eftr. So yesterday this stock had Spak News Special Acquisition news and look at this chart.

this thing went from 16 to 72 bucks. Now it came back down and it ended up selling off. But that was a huge opportunity. Of course I missed it.

I didn't trade it at all. and then at the open you ended up getting some more opportunities. It went from 21 up to 30 and then pulling back. So because of the big move yesterday on Lw Ac which was a Spack with news and because of the big Move yesterday on Rgc uh what I said yesterday afternoon.

I was like, you know what I kind of made a rule about not coming back if I shut it down. Don't come back. You know, because inevitably what happens is you know you missed. Um, I see this documentary scan here.

I'm just gonna mute my alerts. You know you miss the good opportunity like on Rgc and the Fomo and kind of frustration of missing it. Invariably you're going to over compensate and then on the next set up and it may not be as good of a quality setup. You're going to take too much risk and then you put yourself in the position where you end up giving back profit and then you're pissed.

You're upset, you're disappointed. So I said, you know what, I'm not going to do that, But what I will do is because Momentum was so hot today. Tomorrow I'm going to be even more aggressive. I'm going to be even more aggressive than I was today and that should make up for it.

Now that's still a bit of a form of fomo. You know I missed this setup. so the next one that comes along, I'm going to be more aggressive. On on the other hand, you know, if you're on the race track and you're seeing people setting record lap times, it tells you that the, uh, the track is dry, the conditions are right, This is the time to step it up.

And so, given the fact that we had this you know, 100 200 percent move on Rgc yesterday. That and then given how much I made 50 000 or so, it made sense to start to step up today. So when I saw um, this spiking up I tried to jump in it with 9 000 shares I just hit the buy button three times. I filled a thousand shares, I got a partial fill on my order and it just squeezes.

I mean it's just ripping jumping dollars a share and so what I started doing is as it was going higher I started adding and I was thinking okay first you know what's the next Target: 25 27, 30, 32, 35 40. And given what we've seen yesterday on Lwac, I thought this had the potential to make a pretty big move. so I added as it went higher. Now the problem with doing that is you know a good cost average of you know, whatever it is with a thousand shares ends up getting you know, pulled a lot higher.

And what's happened to me before on this type of setup is adding, adding, adding and then my average. Let's say all of a sudden is way up here. 30 bucks it hits a high of 34. I don't take profit because I'm looking for 40 and then it comes all the way back down here to 25 and I'm down Five dollars a share and I've actually had a trade where I was up over a hundred thousand dollars.

Unrealized because I accumulated such a big position. But I was up like five or six or eight dollars a share and then it flushed and all of a sudden I went from up 100 000 to i don't remember, maybe like up 20 grand. I gave back so much because I wasn't locking it up and so you know I've gotten better at taking profit and then adding back, taking profit, adding back, and so actively trading, Adding, adding, adding, taking profit, adding, adding, adding, taking profit, and the places I add are typically on micro pullbacks and around half dollars and whole dollars. And they take profit as it squeezes through those levels.

and then I add back on the next micro pullback at the next half dollar whole dollar. So I'm trading around levels like 25 whole dollar, 26 whole dollar, 27, 28, 29, 30, etc. So I made 34 000 in my main account on uh, Blue W in this first spike. Then I said, all right, let's put that aside, I'm going to trade in my retirement account and I made another 30 000.

I bought the dip right here off of Vwab That was fantastic. I also bought this dip right down here. Now this one was riskier because it was below V Web, but ended up forming a bottoming tail green candle on the five minute. And that was a really good trade.

And after that trade. I was up 30 000 in my retirement account. And then came the open. I bought uh, 5 000 shares at the Open and was getting ready to size up to 10 000.

that was my goal. Size up to 10 000 for the breakthrough 31.74 for the rip through 3344 at the pre-market highs. Basically exactly the same as what I did yesterday on Rgc and boy yesterday on Rgc. It worked out pretty nicely.

So let's look at the open. Yesterday on Rgc, this was the Open. Uh, so we're let's see. Sorry, Um, it's right here.

So basically it opened and just squeezed into two halts in a row. And you know, I mean that's I thought because we had it yesterday in Rgc and that blue was the leading gapper. That was one of the other reasons I jumped in it pretty quickly. Instantly, it was the leading gapper.

You know, if it had only been up like five or ten percent, I wouldn't have gone for it. But this thing was already up over a 100 percent before I was buying it, right? So it was already the leading gapper in the market and so I jumped in wrote the momentum. But unfortunately on this one at the bell, uh, it. it reversed.

So I went from Um up 20. At the Bell, I was up about 27 000. I'd already given back like three grand. and then I was up only 22.

And then I got back in and I was up 30 or 28. And then I took one more trade and lost um, like 10 000 and was up now only 18. only 18.. So I'm up 52 000 on the day.

Between the two accounts, it's still a phenomenal day. I've given back. you know, 20 off the top from 60 or so. Um, 60, 64, 65 And that's okay.

You know, I I wish I had it, but it's okay. I'm disappointed to see it selling off as much as it is. It's a reminder to take profit as you go. and you know.

So here's the thing. Had I just held the whole position on Rgc over the course of two days, I would have made hundreds of thousands of dollars if I just held my full position on Blue W. Well, now I'd be red on it. You know.

And and here I've got fifty thousand dollars in profit because I took it off the table. You never know how much higher they're going to go and it's that's the front. That's the most frustrating thing you. You'll never you.

You'll never know. So a stock like Rgc that ends up, you know over the course of a couple days going from. you know what was this? Um, you know, a couple days ago it was down. It hit 26 last Friday and then it drops down to 13 bucks and then hit 60 two days later.

you know 10 000 share position on that. I mean you could have made half a million dollars at least. so that's disappointing. Uh to see such a big move and to miss it.

but then what you would have had to do to catch that big move on the flip side when it goes wrong would have put you so deep in the red on something like um you know blue W today or Vr Px on the day it went red that then that obviously offsets the the big winners. So you have to just take profit when you have it and you got to cut your losses. And yesterday I cut my loss and I lost 16 000 off the top only to watch the stock you know on my phone go from. you know, the whatever it was 30s where I stopped out all the way through.

36 38, 39, 40 45 48 God dang it 50 55 58 Holy moly if I had just held, you know I don't even remember how many shares I had when I lost. but if I just held that position I would have you know but could have would have should have. That's not how it works. So um you know this is um uh, you know this is part of trading and it's um, it.

It can feel frustrating you know. And there was a part of me like I said that was thinking about swing trading Rgc from Um Tuesday into Wednesday and I was like, you know, if you're even thinking about that, clearly you're desperate. Um, it's not a good idea to do a swing trade. You know when you're already when you've already given back sixty percent of your profit on the on the month? um, you know.

But but if I had twenty dollars, well, you know, looking the next day. So and you know I could beat myself up about all those things when Mrna Moderna Madurana um was trading at 70 bucks. You know, during the beginning of Covet I was like, ah, 70. that's too expensive.

This thing was just trading at like, you know, 40 50 bucks. You know, twenty dollars Like two months ago? Well now it's at three hundred fifty dollars a share. Four hundred fifty. What about Zoom? I mean, or Zm there.

There's just so many examples where even though I'm sitting here in the market every day and you know I managed to talk myself out of these trades because the fact is, they carry risk and you just don't know what's going to happen And so if you can get green and walk away, you're doing something most traders haven't figured out how to do because obviously trading is risky and most traders lose money. As you gain more experience, perhaps you'll start to have the confidence to say you know what, I'm gonna throw, a thousand shares you know, at this or that and you know the next time we have a pandemic pandemic, Um, I'm gonna buy the dip. Sure wish I had done that. So um, you know I'll be ready for the next one.

I don't know when that's gonna happen, but uh, next time we get a pandemic, I'm buying the dip and I'm gonna buy Zoom and I'm gonna buy you know, shares of all the stocks I I wish I had bought now. of course you know in that pandemic, they're all gonna drop and the market's gonna go to zero and then I'm just gonna be broke. So you know what works one time is no guarantee it'll work again. I guess that's that's saying.

past results are not addictive of future results, so I don't know. It's always a question of risk and reward and how much are you willing to risk And I guess I didn't want to take a lot of risk. You know, Today I definitely did take some risk on um, on Blue W. I took some risk this week on Rgc.

Those risks felt calculated and based on my strategy of trading the leading gap or something that's moving up, all of that, all of that seemed to to make sense. so that that's manageable. And you know, the the whole idea of being really aggressive during a small window of time, it? it doesn't make sense for me to be really, really aggressive all day long. And so when I was thinking yesterday, if I came back, you know I just lost 16 000.

If I came back, how much would I have to? you know, how much size do I have to trade to make 16 000? And I'm thinking 4 000 shares? Four dollars a share? Well what if I take four thousand shares and I lose two points, I'm gonna be down eight thousand bucks. So do I really wanna risk eight thousand dollars? I mean, and that just got to the point where I was like, I just don't think it's the time of the day where I would feel comfortable taking the level of risk I would need to put a real dent into. Um, you know, the profit that I would be wanting to make and so my better bet is to wait till tomorrow, and then tomorrow get aggressive, be as aggressive as I can on the leading gap, or if it looks good. Unfortunately, today it did.

I'm going to do the same thing tomorrow. If we have a good looking gapper, I'm going to be as aggressive on it as I can. And you know, if we don't have one, then that's that. But if we do have something that looks good, I'm going to be aggressive.

and I'm going to see if I can really ride that momentum. But no doubt Blue W is disappointing that it didn't hold up. So depending on how it closes today, that may color my decisions tomorrow. Rgc when it was really strong.

obviously I was more aggressive um, Vrpx after it had that kind of dramatic fail on the day it went. Red Here, you know, this thing Very similar to Blue W, This thing went from 36 all the way back down to 13 14. You know it did end up, you know, rallying here off the low, but that kind of put a little bit of a damper on momentum for you know, a few days because it was like this big big move and then it was such a disappointment. So you know, unfortunately with Blue W not holding up super well, that may end up weighing a bit on momentum tomorrow.

We'll we'll see. We also had you you today. This one is halted right now pending news. It's Red.

T-cat was also on the scans today has not held up super well. Sprt Some traders are watching that I was not interested. Obviously we had the Gamestop Amc stocks that people were talking about a little bit. so generally it's been a little.

um, you know, the leading gapper has kind of rolled over and when the leading gapper fails, that can often set the tone for the rest of the day. So anyways, we'll see what tomorrow brings us. If we see something that looks good, I'll be aggressive. but I think tomorrow I'm going to probably try to focus on the small account.

In any case, since I didn't get any trades in it today and if I could finish up the week with a couple trades in the small account, that would be good. My large account progress on the month here. so I went from up 106 000 Monday and Tuesday. lost 70 grand was up 36 000.

After yesterday, I was up 85 000 on the month. After today, I'll be back to up over a hundred thousand on the month, which is, um, which is good. 100 000 is my monthly goal so let's see if I can hold on to it this time. However, relative to where I was in at the end of July, you can see how I'm in an Abcd pattern, right? So pull back, pop up, pull back, and now coming back up.

But let's see, 363 is where I need to get to and I'm at 316.. So you know I guess going to be kind of coming right up at it. Today 52 000 plus 16 would be 68. so I'm going to be just tapping through it.

Let's see whether or not I can hold over that level. There you go, Sorry, um, move that up a little bit so that that was what I was looking at there. so that's it for me. Um, I you know we'll see, We'll see how things finish today.

I'll be kind of keeping an eye on stuff, but I think my goal is to try to be as aggressive as I can at the Open. And if I can capture those moves at the Open that we had or free market that we had today on Blue or that we had a couple weeks ago on Vrpx, then kind of, whatever trade, whatever happens past the Open if it sells off, it sells off. If it keeps going higher, well, it keeps going higher. But I got in.

I got aggressive during the kind of you know, 8, 30 to 10, 10, 30 range which is usually when I seem to be performing the best right sort of pre-market and then at the open. As always, trading is risky and trading small cap stocks that are this volatile is especially risky. So manage your risk, trade in a simulator before you put real money on the line and remember my results are not typical. All right, I'll see you guys first thing tomorrow morning.

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