What's up everyone? All right? Well a surprise opportunity today. Rgc Big momentum on a break of V web and I made 66 000 on it in my main account. But I finished the recap of 66 000 and then took one more trade. Let that be a lesson to you Again, this is so frustrating.

You know it was a good looking setup. I lost 15 000 on it so I finished the day at 50 grand. Well that's still good. It's not as great as 66, but as always, enjoy the recap.

Remember how quickly it can come and go. So today's a nice green day still with 50 000. I was read on Monday and Tuesday have made back of the 70 000. I lost 50 000 which uh has me down 20 grand on the week.

Uh, back to up almost 100 000 on the month and definitely with a good opportunity of finishing the month. Um, over 100 grand. So um, you know it's uh, it's good, not great. The today it was great and then finished.

You know, not as good. but you know this is part of trading and trying to be aggressive and trying to capture as much as possible. And I talked myself in the last trade because I thought, you know what, if you're up this much, this is the type of day you should take that next trade. you know, yesterday the day before.

No, those aren't the type of days you should keep trading. But if you're already up this much and you're seeing momentum and the stock is holding up, give it a shot. I gave it a shot for the squeeze back through the high and I stopped out. So it is what it is.

At this point I don't want to lose any more so I'm just shutting it down here up 50 grand and I'm still very happy with that. It's a really good green day, so as always, trading is risky. My results are not typical. Most beginner traders lose money, so take it slow and trade the simulator before you put real money on the line.

I hope you enjoy the recap. Hit the thumbs up and please comment below and I'll see you guys tomorrow morning. All right everyone. So um, boy, uh, what a surprise today.

Well this is my small account here. Um, so a green day in the small account of two thousand, eight hundred, Sixty four dollars. For those who have been tuning in for the small account challenge, Uh, that's about twenty percent in the account. Uh, today I did not use my buying power.

I only use my cash balance. In fact, I had the buying power disabled. So if I tried to place an order here for like 5 000 shares or something, um, you know at 6, um, 30 you'll see it'll get rejected. Insufficient buying power.

So because my buying power is only 13 000, it's the cash balance. So um, anyways, uh, did pretty well there and the big winner was Rgc which was phenomenal This morning. I mean, just parabolic momentum. Finally.

First, first big move that we've had in a little bit and I crushed it. Uh, big account is up 66 000 today and just like that, I made back all the losses from Monday and Tuesday, so I'm back to flat on the week. Well, that's good. I didn't expect that to happen, just back to flat.

I, in fact, I'm probably still ready because I was down 40 000 on Monday and I was down 30 yesterday, 28, 27. So now still down 4 000 on the week, but an unexpected recovery. Uh, and it was on Rgc, a stock that started squeezing up yesterday. I saw in the comments people said Rgc at the close did you see it? Did you see it should trade it? Because I uploaded my recap, but of course I it was.

I recapped my trades from yesterday earlier in the day. No, I didn't trade it. Uh, completely missed this move from 15 up to 20 24 but went to bed thinking about Rgc wondering whether it was going to give us a second day of opportunity. I was up this morning at 4 45 courtesy of my youngest son.

Uh, as it was, uh, trading pre-market I looked at and I saw, oh okay, it's spiked up to 25. Okay, that's interesting. It's interesting. Um, but then by the time I was you know, downstairs and feeding breakfast and doing stuff, it was down at 20 And I was like that's below the view app and I thought, well, let's see what happens at like 7 A.m You know, 7 A.m That's when more brokers come online.

Uh, nothing. It really didn't do anything. 8 Am. It just starts selling off even more and I was like, oh man, that's a bummer.

That's that's unfortunate because that is. it was our leading gap at that time. Our second leading gapper was you? you? you? And that one likewise was, um, same pattern and you know what's really interesting. Let me show you a couple screenshots here.

Um, so I had these, um, screenshots, these setups for the classes. So this, uh, well. actually it's gonna be hard to see, I'll just put it on on my screen. Okay, so let's just look at Uuu here.

a five-minute chart on Uu, and let's look at 8 Am 8 Am Big Red candle. Let's look at Rgc. It am right here and I'm sorry, where is it 8 Am right there. Oops, Right before that big red candle, let's look at Amc 8 A.m Big Red candle.

Let's look at Gme Am Big Red Candle. Let's look at Sprt. So it sort of felt this morning that, um, the uh, well, this one didn't really have. but where was it? Um no.

So that one had a green candle. All right. Well, but the other ones were red and um, it kind of felt as I saw those leading Gappers with those red candles. that, uh, there was sort of some algo trading.

Uh, you know, against the momentum today. I just thought, oh man, this. this doesn't look good. Uh, clearly you know Gamestop and Amc.

they trade in tandem. I mean, they trade so closely together. Um, it's just. it's kind of ridiculous how the charts will mirror each other, and we sometimes find that on two leading Gappers, two stocks in totally different sectors.

And yet they're just trading Very similar to each other. So I was not super optimistic that we were going to have a big day today. You know Rgc was selling off was below the V web, nothing else was really on the Gap scanner. I had taken one trade on Acba which was a loser.

didn't trade it in the main account which was good I guess. but yeah, I was just kind of. I was not sure I wasn't wasn't really feeling it. But Rgc came back up to the V web and I was initially kind of just like I don't know guys.

I mean, it's it's running. It's gonna be running into descending resistance from, uh, this line that I drew right here. See, it connects those two points. It's going to run right into that.

and it's the top of a big green candle. after. like six green candles in a row. I can't buy right there.

And then if it breaks that, well, it's going to hit this one right here. And the V app is in the middle right here. and it's got this ascending resistance line right here. so I kind of saw a lot of reasons why this would probably fail.

It hit a high of 21.15 but then pulled back and as you can see it broke out right here and this was where things got excited. over 24.50 right there. Uh, it did a dip right here, sort of stalled out right there and then it broke and boy it went. Squeezed up to 27.93 then up to 32, pulls back, dip and rip back up to 33.

this was the first one minute candle making new high right here and at 29 there was a micro pullback. so there was an opportunity on this. uh, right here. right inside this one minute candle right here on this trade right here which was uh, I bought at 31.59 average adding for the break of 3130, adding into 32 and then at the open it squeezes through 33 up to 34.

35 36 halts up, halt the second time up to 39, then halts down. I did a bounce off the view app On resumption we got a little opportunity there, came back up to 35 47 and is currently consolidating in range at this point. I uh and look at that down right to almost the penny there on that line. So at this point, um I feel like you know it's only 10 15.

This could be the day where I'm up 75, 85, 100, 000. It wouldn't take too many more good trades on Rgc to make it happen. You know this thing is clearly strong and you know what? I left some money on the table on it. I sold uh, too soon.

going up into the first hall. I did a small trade on the second hall or on the resumption from the first hall into the second half. but it was small size so I left some money on the table. I would have been up well over a hundred thousand dollars if I'd held my whole order from pre-market but you never know how high these are gonna go.

And so I sold, uh too soon. And now I can't help but feel like given the fact that uh, I got a the gift from the market of a Big Momentum stock. uh you know, right after two big red days I should just take that gift and be glad and grateful to be break even on the week more or less and back to up over 100 000 on the month. So back to at my monthly goal.

Hey you know you don't always get a big A Big Momentum stock like this. This could have easily not happened and if it hadn't happened, well I would just be. You know, a small green day? maybe? I don't know and hoping for something like this tomorrow. So the fact that we got this, um, I want to be grateful for it.

While it's possible that it could go higher and you know it's a blue sky setup, which obviously we like, but it doesn't have underlying news. in fact, the squeeze after hours. I'm not totally clear on what catalyst was there, but um, you know that's on the one hand. I could see it maybe just continuing higher because it's up so much and traders are watching it, but it also has reasons why that might not make sense.

And you know you could always. You always run the risk of circuit breaker halts or halt pending news. which in a situation like this with larger share size you know, 5 000 shares of this at 30 bucks. All of a sudden it gets halted pending news and it resumes at 15..

you're talking about a 75 000 loss gone the entire profit from the morning. I mean, so you know the money is never never real in the way until you shut it down. and as tempting, even as this pattern is right here, this consolidation the way it's holding this level. Um, you could also look at this sort of a head and shoulders with like two heads in a way, but I think it's better to be grateful declining following.

You take a profit off the table and hey, if it keeps going, enjoy it. Good for you. For those who trade it, but I'm gonna, I'm gonna be grateful that I got Green and now I have a second chance of finishing August in good shape. So that's my recap here.

Uh, it's summer, it's August and we had a short squeeze on Rgc. I'm up 66 thousand dollars shutting it down. look to trade another day. I'll be back at it tomorrow.

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