What's up everyone? All right? finishing the 11th trading day of 2018 up five thousand, Five hundred, Thirteen dollars, and Forty four cents. The hot streak continues. I'm up over sixty thousand dollars on the month right now and well, it's only the seventeenth day of the month, so we still have pretty much two full weeks left of trading. and right now I'm just thinking this might be the month that I break six figures.

I mean you know, forty thousand dollars away, but with five thousand dollar days, it's not going to take too many of them to get over that level. So this is my third day here in. Santa Barbara Give you guys a little tour. you can see my kind of mobile trading setup here.

It's my favorite one that I've ever set up just because they have a proper desk in this room. they only have you know, this kind of like coffee table situation. So I've got my computer set up there I've got one on the floor and then that one there. and then the nice thing is I've got my little eyes.

That's it. So today is one of those days where you know I came into the market and there really wasn't anything I was super super crazy about I Can't see you guys food super well but I'm sure you'll be able to see me. So we had a couple of stocks on the Gap scanners, but the scams really weren't that great. We didn't have anything that was just amazing neuro, and Uro was our leading gaffer this morning, but the problem with it was it already had a ton of volume and it was well off the pre-market highs so just wasn't really holding up.

just didn't look super interesting. Took a trade on it right out of the gates. lost 700 bucks. First trade boom and you know obviously I don't like that happening.

But the good news on that loss is that I kept my stop really tight so you know I didn't It was 10 cent so 10 cent loss was 7,500 shares which is really not bad. And then we started to see some opportunities. Was able to get myself out of the hole into the green by 450 bucks, then into the green by 1200, been into the green by 2000, then 2500 3600. Boom $5,500 My work is done, So this has been another solid day of trading.

It's been a great week, we've got, you know, a couple days left and I'm hoping that we continue to see this momentum. The interesting thing today is that none of the crypto stocks were hot. Not surprising because right now, Bitcoin is down 50% off the highs from December which is a really sharp pullback. So all of those companies were coming out with blockchain news.

Crypto news, they're all you know, kind of dipping down. As you know, traders start to say well I don't know about this. This might not be the the best headline after all. So those stocks have been kind of slow the last couple days, which is not surprising.

So anyways, I'll give you guys another. So today I'm going to finish up here a few minutes. go drive around. Santa Barbara take some more pictures, get some more video, enjoy the sights, the warm weather, and then tomorrow I'm gonna head down to LA check out a little bit of a different area.

The fun thing about this hotel? it's It's nice. like it's it's really nice, but it's also kind of. It's kind of a little too nice. It's like a little fancy and I was literally waiting for my car at the ballet the other day and this woman.

She's got her. She's holding a terrarium with a turtle in it and I'm thinking who brings their turtle on vacation with them This is crazy but she. she had her turtle with her and I guess who was her and her husband The bellman is like or the ballet guy he's like ma'am would you like the turtle to ride with you and the Maserati are in the Range Rover Just like this is insane. The turtle chose the Range Rover and I think was a great choice.

It's a much more comfortable ride and he's got a hard shell. He's bouncing again so that's a good choice. but I'm gonna be happy to switch hotels and head south tomorrow. So I'm gonna do my training in the morning and then head south to LA It's gonna be a long drive because the one on One is closed because of these mudslides.

So I got to go all the way around instead of a two-hour drives. can be like four and a half five hours. but gonna make it happen, get down there and then trade Friday Morning from LA Alright so before we get into today's midday market recap, let's roll that intro video. What's up everyone? All right? time for our midday recap.

Let's break down the trades from this morning. So hanging out here Day I know was it's a day six being California Day seven. It's been a great week here. I've had a lot of fun and trading has been awesome.

So finishing the morning up five thousand five hundred Thirteen dollars can't complain. I mean that is some great. We're just seeing some great opportunities day after day after day. So today I'm breaking over sixty thousand dollars of profit on the month and we've only had eleven trading days.

so I'm averaging fifty five hundred dollars a day. You know what? These these days are just gonna help me boost my average for 2018 last year. I averaged can remember now it was fifteen hundred dollars a day. I Want to say I think it was around fifteen hundred dollars a day.

Something like that. Fifteen hundred times, two hundred and thirty five trading days. Yeah, around fifteen hundred a day And you know what? That was great. Fifteen sixteen hundred dollars is a great.

average. Three hundred fifty grand is not bad at all. If I actually averaged five thousand dollars a day for the whole year, I'd make over a million dollars and I don't have that. I'm not setting the bar that high I Think that would be unreal.

stick and that would be setting myself up for disappointment. So I just want to do better than I did last year and you know, keep always trying to be a better trader. So this is a great start to the year. So far I'm getting really close to breaking over a hundred thousand dollars in my trading account.

This account started the beginning of the year with, you know, like, thirty three thousand dollars. So once again, proving it doesn't take a lot of money to be a profitable trader. So as of right now, I'm at three hundred and ninety two thousand dollars in my account that I started a year ago with $583 $583 - almost four hundred grand. I'm excited for meeting the halfway point Five hundred thousand.

So I'm a hundred and eight thousand dollars off that level and you know, maybe get to the halfway point in March or something like that. but that's that's the line in the sand because you know once you get to the other side it's like hump day, you know? Wednesday you get to the other side of the week and it's It's smooth sailing, it's downhill so I'm just excited to get to the other side there at the beginning of this challenge. You know, even on the day when I broke over a hundred thousand dollars I was like okay, that was great I took five hundred eighty three dollars and turned it into a hundred grand in 44 days. but I'm still only ten percent of the way there I've got to do it ten more times before I get to a million bucks and that was definitely.

you know, a little scary to have the you know know that I was that far from the goal. but you know, slow and Steady wins the race I'm a your year later and 392,000 Not bad. So let's look at the trades from this morning. Today is a day where I really didn't have anything that I was crazy about.

So let's look at the Gap scanner. see where's my mouse there? It is alright. so Gap scanners this morning? I'm gonna go right. click time frame, historical date and we're gonna look at this Gap scanner at 9:15 A.m.

Whatever. Nine Twelve A.m. That's fine. All right.

So Nine Twelve A.m. This is what the Gap scanner looked like we had. Its gotta update I Guess it's slow to update here for some reason, but our leading gapper was Juno There it is Juno was the leading gap or gapping up 64 percent and so I was like ok, you know this one certainly looks interesting. However, what's the reason that I might not have been super crazy about it? The volume.

3.3 7 million shares of volume. That basically told me that when the bell rang rings, it's not gonna mean a lot because traders are already actively trading this This this is very thickly traded for pre-market and so when I looked at the chart so number one I looked at the scanner and I thought well I don't know if I like it because the volume is so high, that's number one, then number two I look at the chart I pull up the chart and I realized that it had sold off versus the pre market highs. so that was number two. Two reasons that I was a little iffy on the trade.

However, we still ended up seeing an opportunity on it. So right out of the gates. I Thought you know what? I'll jump in here to see if it pops over three dollars the highest to ninety six. So my very first trade I got in.

this at 290 was seventy-five hundred shares. Target was three dollars and 305. a break of three dollars. Planning the cell around 303, 304, 305 maybe sell the rest at 310.

That would have given me about a thousand dollars of profit. So that was my profit potential. On the first trade, it popped up 295. It didn't hit my Target so I didn't sell and then it dropped down and I sold at 88 and it's 70 79 and this is actually kind of a bummer cuz if I'd been able to sell the whole thing at 88, I only would have lost 150 bucks but I sold most of it at 79 cuz it dropped fast and so I lost seven hundred and eighteen dollars on my very first trade one minute into the day.

I'm in the red and you know for that one I thought Okay, you know I'm starting in the red. it's not gonna be good. And jazz? Yes. So here's the deal when I Talk about I Talk about liking high-volume I like high relative volume I'm gonna mute my scanners here.

so I like high relative volume. but there's also a tipping point where we have too much volume. So that's kind of an interesting thing because it's not more volume is just better. That's sort of a bell curve where light volume stocks are hard to trade because the bit the spreads are big and they're not really great.

Increasing volume is good because that means traders are starting to see it, they're starting to buy it up and you sort of get that feeding frenzy, especially with small caps. Traders jump to the next opportunity that's moving. So when a stock is starting to move, that's the time when volume is ramping up and the price is moving quickly that we want to jump in and try to capitalize on that first and maybe second leg of the move. But then we get a tipping point where okay, now the volume is really peaked.

we have high volume, the move has already happened and now you may have some traders who are jumping in to try to buy the first 5-minute pullback or something like that, but you also have traders who are like I've been watching this for a couple hours I think it's gonna drop I have a big account I'm gonna short it and so it starts to bring in short sellers Plus more people taking profit and then that's when it becomes more difficult to trade and that's the back side. So neuro you see the front side which is this first move up and then it pulled back and this had the opportunity of continuing higher. but when it broke down right here on this red candle at 8:35 that to me sort of signifies that it's turning to the back side of the move now I will sometimes try to trade the back side of the move because I think that it could pop back up and continue, but it's riskier and on this one I ended up being wrong and I lost Now I'll say my accuracy so far this year is 80% so 8 out of every 10 trades I take I'm I'm right on I'm making money on so my accuracy has been pretty good and even on this one to lose 700 bucks is is not a big deal for me With my risk tolerance like this is not really a concern. It was just a trade I took and it didn't work.

so I stopped out and if you had taken it with 2,000 shares, you would have lost 200 bucks. You know if you took smaller size the loss would have been smaller. For me, it's a $700 loss because I took 7,500 shares. its related to my position size.

Okay, so that's a little explanation on neuro and on the volume kind of that balancing act between high volume but not too high. And it's also it's not just the volume, it's also the chart because when you have higher volume, you're more likely to see this type of chart action where it's a little bit choppy. Okay, so Nero was kind of on the list I took a trade on and lost on it AES was also on the list is like a you know, maybe you can see 320,000 shares of volume. It wasn't as crowded, but the chart didn't look very nice because it had popped up and then it really was just selling off.

so by the time the bell rang, it just wasn't looking super pretty. so that was no good. and then and that was it. Juno was too expensive.

Newah, any waa too expensive in these ones I wasn't interested in so they were either too cheap or just didn't look good on the charts. So the Bell was about to ring. I only had two stocks I was watching Neuro A EEZs took a trade on Neuro lost 700 bucks and so I was like all right. well let's watch the hide a most gainers.

Let's see what starts to pop up, what starts to look good and the first one that popped up was Oh n TX One of the things that I look for when a stock hits that scanner is I want to see that the stock is moving quickly. This stock was definitely moving quickly because I had already squeezed from $2 up to around 220. that's the only. Zoom this back in so you can see my order.

They're buying 7,500 shares at 227 and 230. Let's see right here. So I bought 227 and 230 it pops up and it taps a high of 60 was the high 67 or 68 around there, but unfortunately did not hold that level at all and it came back down which was disappointing. So you know I sold into that squeeze going up.

So 7,500 shares from 28 selling at 48 is $1500 selling at 52 is like sixteen seventeen hundred bucks. so you know seventeen eighteen hundred bucks on that trade and then I got back in at 240. So I got back in. When it consolidated, it pulled back and then started to ramp back up and so I got in right here.

Target was a retest of high of day. We couldn't retest high of day and so I ended up stopping out. but I made on that one another 750 bucks from 240 to 250 to and 254 and 252. So total profit: two thousand, one hundred, seventy one dollars and twenty-five cents Ont X Easy trades.

Not a lot of risk, just getting in, getting my profit and getting back out. Alright so next trade o RP n o RP n was a little bit suspect to me and this is one of the things. The way I trade I Look for stocks that are hitting my high day scanners. What other people will do is they'll look for stocks that they think could move really fast because they have a low float.

You know they're thinly traded and they'll just buy them and so you guys have probably followed like email newsletters and stuff like that where they kind of just pick those stocks and then they alert them and boom the stock just goes up. And for me I don't I don't do that because I don't feel comfortable doing that instead. I look for stocks that have already started to move and then once they've started to move, then I'll just jump on the momentum. I Don't like to be the one that is like starting momentum I Just don't feel like that's the right thing to do.

but that's what happened here. Someone just bought the stock and alerted it to their newsletter and it pops up from 329 up or from 270 up to 329 is halted on circuit breaker. Okay, so at that point it's now hitting my scanners and now I'm seeing it. So I'm like okay, this stock is starting to move I can jump on it.

Well by the time it hit my scanners I tried to pull to get in but I couldn't get filled. it just moved too fast so no fill on that I don't think I even tried it was halted right away. It resumed higher and so what I do on these ones is I wait for the resumption. Let me just pull this back I wait for the resumption and when it resumes I let it pop up and so this popped up here.

It's a little bit's gonna be a little bit hard to see it opened. The open price was 365, it popped up to 380 and then it dropped down and then when it curled back up, that's when I got in at 389 and I only took 2,500 shares on it because I was a little I was a little iffy although in hindsight I suppose I could have been more aggressive, but the volume was light and I also wasn't sure because sometimes when you see stocks excuse me suddenly pop up like that as soon as it resumed from the halt. whoever alerted it down, it to 70 or whatever it was is gonna be selling. That's not always the case, but it can be the case if the stock was popping up because of news, an actual catalyst that's different because then people are just gonna keep buying.

But when it's a pop from a newsletter alert or you know, chat room or whatever it might be, you have to be a little bit more careful initially. So I got in at 389 2500 shares. I sell half when I'm up 30 cents at 420. Its then halted at 423 I tried to add at 423 I don't get filled.

it then pops up and then after the hall and I sell it for 56 takes some profit. It squeezes up a little bit more. It taps a high of 523. It pulls back I buy this little pullback at 519 and 523 and 550 and sell at 556, 553, and 545 and the rest at 550.

So that was on. Actually a five-minute setup. Let me just pull this back here. So and you know, here's the thing.

Like if you were a trader who for some reason you know how to strong bias on this, you're like, well, this stock is released. you know I think it's really strong. A lot of people will scan daily charts. They scan daily charts the same way we look for intraday charts.

They're looking for bull flags. They're looking for stocks that if they break out, they could squeeze and someone bought this. thought it could break out squeeze and and they were totally right. I mean it obviously did for me I just I'm not good at doing that.

so I just wait for stocks to start to move and then I jump on that momentum as soon as I see it hit my scanners and I think that's a little bit easier for beginner traders as well just to focus on scanner alerts because you know when you're trying to do swing trading, it's like it can be a little bit hard to pick which stocks are worth trading. So anyway, so this has a high of 525 on the 5-minute does. A little five-minute pullback pops up to a high of 599. it can't get over 6 and it fades off that level.

So decent. Couple of trades on that for three thousand, one hundred and four dollars and 88 cents. And then the last trade of the day was my OS. So my OS was honor scanners this morning it hit the momentum scanners and when it hit it was it like 185 by 190 and I was kind of watching it I was like okay this looks interesting I'm not sure.

it starts to squeeze up a little more 195 197 198 and it 198 I saw 10,000 shares seller and so I thought okay well when that seller moves, maybe I'll get in. So that seller started to get bought up. other people were coming in and buying his shares and went from ten thousand, nine thousand eight thousand, seven thousand, six thousand five thousand and boom boom That's when I jump in at 198. However, when I got in at 198 I immediately realized that there was a hidden cellar because I bought 75 hundred shares and I didn't see it on the level to like I didn't see the share size get smaller so that made me a little nervous.

And then when it popped up to 214 as it broke over the whole dollar, I sold half I sold a quarter more and then it was halted on a circuit breaker. It ended up squeezing to a high of two 33. but I didn't sell up there I just ended up stopping out at 198 when it came back down. So $955 on that and with that I wrapped it up.

Called a day at 10:30 first hour, one hour in and finished with five thousand five hundred Thirteen dollars of profit. So you know, not a bad day at all. It's You know What is it? Nine nine twenty five Here in California Nine eight Nine A.m. then twenty Five A.m.

and it's time for me to go enjoy the warm weather, drive around a little bit, explore. I mean I've got the whole day ahead of me. It's awesome. It's it's really.

it's nice getting up at 5:30 trading early in the morning and then having the the whole rest of the day. You know the only thing is you're tired at night and you can't stay out late. But as long as you don't mind going to bed early a little early, it's it's a good time. So anyways, that's it for me today.

I'll be back at it first thing tomorrow morning, bright and early pre market analysis around 9:00 9:15 we'll trade at 9:30 I'll trade the first hour and then I'm gonna get out of here drive down to LA All right so that's a game plan for tomorrow and I'll see you guys right back here in the chat room. Anyone on YouTube Facebook You've got questions, comments, leave them below, give us a thumbs up if you liked the video and I'll see all you guys bright and early tomorrow. All right, that's it for me. See you in the morning if you're still watching.

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