What's up everyone? All right? So uh, green day here. Six thousand dollars, Five thousand on Tlc and about 800 on Prvb. The two leading gappers in the market, which is usually my focus Trying to focus on the two stocks gapping up the most in the entire U.s market that have some type of news, some type of catalyst. So I got focused in on those this morning.

That's the third time I've said focus. I don't know what's going on here. Uh, so super focused. That's four on those two, and you know, got some gains.

A little choppy. I did give back half of my profit. I was up eight thousand and gave back half, was up four, and then recouped two thousand. So I'm up six.

So I'm I'm trying to take the profit off the table and be grateful for what I have, reminding myself that five thousand a day is over a million dollars a year. Sometimes after having a really, really big day, you have that temptation to try to reach and stretch for those big grand slam home run days because they feel really good. To make you know a week's worth of profit in one day is phenomenal, but that's not consistent. If it was consistent, then that would be the norm.

and then you'd be stretching for the days that made that feel smaller. So I'm grateful for what I have today. It's a good day to solid day and I'm happy with myself for staying so focused. That's the fifth time on.

Good quality setups and not over trading so less is more. I didn't take that many trades today. I was pretty disciplined about precise entries, good exits, and just taking those nice base hits as they came. and then I really stopped trading pretty early on.

I'm still kind of looking at the chart there, but I stopped trading early on. I didn't see. We unfortunately didn't get good continuation into the open on Tlc or Prvb and a couple other things popped up and I had the restraint to say no, I don't think I can trust that and that was absolutely the right move because what we kept seeing back to back to back was a pop and then a fade. So I feel good about the trading today.

and you know, try to keep it up through the rest of this week. So that now has me at three green days in a row: 23 000 on Friday 31 000 yesterday, plus 5 000 today. So you know, almost 60 000 in three days. Or yeah, three trading days.

That's phenomenal and I would like to keep that up here. we are going into well, gosh, it's actually the last week of May here. and then we've got Memorial Day Weekend coming right up. so try to just finish off this month.

It's been a slow one, but you know that's that's typical summer, you know, late spring summer trading. It slows down a little bit. Doesn't mean there's not opportunities, but there's not as many so you have to try to really make the most of the ones you get. And in between those opportunities, not screw it up by over trading poor quality setups.

You gotta stay focused. and that's number six. As a reminder, trading is risky. Most beginner traders lose money.

That's the reality. So you should assume if you're out there watching this video thinking maybe I want to start trading, but you'll probably lose money as well. And with that assumption, trade in a simulator before you put real money on the line. Do yourself that favor.

I wish I had done it and I didn't. I jumped in and I started losing money and it was very frustrating. Very emotional, and then it you just. you set yourself up for failure when you do that.

So do yourself that favor of trading a simulator and don't try to blindly follow me or anyone else if we're both trained Tlc or Prv. Well, it's probably because I'm usually trading the one or two leading gappers in the entire market. but you need to understand your entries. Why you're getting in, where you're getting out, Why you're getting.

Um, you know, how you're selecting the stock and the patterns and everything else. If you want to learn more about my process of stock selection and finding strong patterns, check out my link to the 2021 Ebook guide to day trading. It'll be right down there. I'll put a link in the description, pin it to the top of the comments that is brand new.

Uh, just in the last like couple weeks and that's going to walk you through my approach for trading Momentum. All right, So I hope you guys enjoy it and I'll see you first thing tomorrow. All right. So I'm gonna do a recap here.

Finishing the morning up on Tlc 5342.36 This was our second leading gapper, first leading Gapper. It was kind of switching places with Prvb, but gapped up 44 percent and gave some trades for me pre-market Uh, so my first trade on it was really kind of. as it started surging up. I jumped on it for the break of eight and rode this momentum up to 833..

we then had a little false break out there and I took maybe a 200 loss on that trade. Then I got back in it here with, um, a position looking for the break through. this level here of 8, 15, 8, 10, 8, 11, 8 15 for a re-test of the high and it flushed and I gave back half of my gains. So I was up about seven, eight thousand and then gave back half of it at the open.

Uh, I got a little dip trade off of seven and we gotta pop up to 750 and so I made back some of the loss, but not all of it. So most of my gains today were actually pre-market and then recouped a little bit into the open. but up 5 342 And so my last trade on this was, you know, right, around 9 35. I mean, it was right at the very beginning of the day, Prvb was our second leading gapper, and this one I actually shorted off of the 200 moving average which is 1168 and I thought that that was a good place to take a short.

But of course I can't shorten my retirement account so I shorted in my main account for 879. That's fine, but this account is taxable. so I have no income tax on a retirement account. but I do pay income tax on my uh, this account, so you know the trouble with that.

Uh, of course we're restricted to our losses on capital gains, so if I lost like a hundred thousand dollars in this account, you're restricted of what you can write off. But if I make a hundred thousand in the account, well, I've got to pay my income tax on it. and I'm at the top income bracket. and I certainly don't make as much as a lot of the very, very successful people out there.

But you know, once you're over, I think a million dollars, you're pretty much in the top income bracket of most states and most and certainly the federal tax levels. So unfortunately, I keep you know, 50 60 of the profit on a short. But if I lose, I take the 100 percent loss so immediately from a tax standpoint, I'm not really incentivized to short very often unless I have a lot of conviction. and on this one, I felt pretty confident.

So I did get a nice short on Prv off that level. So first short that I've had in a while and Tlc got some gains on it. and maybe it gives us more opportunity, but I just didn't see a lot in it. And so I want to be really grateful for the six thousand dollars of profit Today, 5 000 on Tlc and 800 or whatever on Prv.

Realistically, 5 000 a day is over a million dollars a year. This is, and to make 5000 in a slower market is fantastic, so I can't complain about that at all. No, it's not as much as I made yesterday. Yesterday was a great day with 31 000 in profit.

But you know, if I can on slow days, book 5000 and be grateful for it and not overstay my welcome and then give it all back Then these small days, you know, at the end of weeks, months and years, they really do add up to contribute to, you know, the total annual, uh, profit. So uh so I'm I'm not complaining about being up five thousand. Um, well let's see, let's look at my P L here. So um so for the month of May? Um, so we got Monday.

uh which was yesterday. so 31 000 yesterday on Monday, so in these two days 23 plus 31 that changed, that turned my month around, you know, pretty substantially. Finally, a couple of nice bigger green days. Today's a little bit smaller, but that's um, that still gets me back to my high of the high of the year.

So sitting at now, let's see, go to 2021.. So in 2021, Uh, 1.89 million in gross profit before fees and commissions. Just very, very good. I mean, that's phenomenal.

It was a slow start, went red, had the best week of my entire career than the biggest loss of my entire career, and now kind of a steady move in in the last few months. If we look at the month of May, I'm now back to the high of the month 127 000 gross profit. So I did recoup the 30 000 that I lost, uh, in my five, four, five day red streak. and now I'm back to.

you know, sitting at the highs, not including today's gains. So I you know it's just got to be kind of slow and steady right now and be grateful for the gains when I can get them. And obviously I would love to see some. you know, really nice action, but it's kind of slower summer trading right now, so grinding on smaller gains and trading a little bit less, trying to be very disciplined about, you know.

Okay, this is a good quality trade. I could take this one and then you know, leave the rest. That's important. So today less is more and that's about it for me.

So Green Day recap. Uh, 5300 here, 800 over in the main account. So 6 000 Green Day and I will be back. first thing tomorrow morning Wednesday and we'll see if we can continue this momentum.

We are going into, uh, the Memorial Day weekend. Uh, coming up here? Uh, next week. So as we go into a, uh, a long weekend and a little bit of a holiday, we may see things kind of peter out on like Thursday or Friday. But but sometimes that's not the case.

Sometimes on a day before holiday or the day in between or after a holiday or something like that, there's nothing except one stock starts to pop up and then everyone focuses. Everyone who's there focuses on that one obvious one. Ultimately, having an obvious stock is important and we didn't really well. We had Tlc and Prvb which were both the obvious ones, but neither of them held up as well as I hope so.

I did the best I could and we'll live to trade another day. I'll be back at it first thing tomorrow morning and I'll see you guys then. All right, see you in the morning And that right there was an entire video with no ads. I don't monetize my youtube channel with video ads, which means you guys get to enjoy the content.

But do me a favor, please hit that subscribe button and give me a thumbs up and let Youtube know that this channel is the channel to watch if you want to learn about day trading. You.