What's up everyone? All right? Today is the tenth trading day of 2018 and I'm finished in the morning up. eight thousand, four hundred forty-four dollars and Three cents. This is crazy. We are seeing incredible momentum.

The January effect is in full force. We are seeing opportunities after opportunities. I mean it is just incredible on Friday made nine thousand dollars on Thursday Last Thursday made eight thousand dollars. So in the last three trading days, I've made over twenty five thousand dollars.

Which puts me up Fifty Five thousand dollars on the month. Fifty Five thousand dollars on the year. That's a great start. I am really happy about that.

So you guys can see in the background here. This is my sort of portable trading station now. A lot of the stuff that you see here is because I'm trying to run the chatroom. All those computers up there.

those are for running the chatroom. These ones here are just for my own trading. and I've got a third one right over here that I used for my own trading as well. So you know this is kind of a elaborate setup.

but what I'm gonna do later in the week is walk you guys through my traveling trading station my portable trading station. So on Friday I made my way down to Southern California from Sacramento and I made this plan that after my last meeting on Friday I would drive down here to Santa Barbara and I didn't realize number one there'd be a lot of traffic in the Bay Area so it ended up being a seven hour drive and I left at 5:00 p.m. which was after my last meeting. Now keep in mind that's 5 p.m.

PST Eastern that's 8 p.m. So I basically left at 8 p.m. Eastern for a seven-hour car ride and as you can imagine, I was pretty exhausted like 45 minutes into the drive. I started yawning and I was thinking myself, this is crazy I'm gonna make it but I made it down here Santa Barbara is beautiful.

It's warm and it's gonna be my home for the next four or five days and then I'm gonna head back to East Coast this weekend. So I'll give you guys a little bit of a tour of the Santa Barbara area and some of these intro videos and midday recap so you guys can get a sense of what it's like to be here. trade here, hang out here. It's warm, it's beautiful.

It's definitely a nice relief from the cold weather we're having back east. Alright, so before we get into a midday market recap, let's roll an intro. Alright, so first day of trading here from Santa Barbara and it's definitely this morning. you know, not my home setup.

not what I'm used to. I got everything my whole trading station set up last night before you know so I I knew it would be ready to go. but then of course 5:30 a.m. comes very early and when I sat down to get everything connected, you know I couldn't connect to the Internet and then finally I got connected to hotel Wi-Fi and it was less than one megabit per second.

It was like 300. you know, whatever it is, kilobits per second. It was extremely slow and so I have no idea why. I mean you know I'm on the same internet now that's back up to 20 megabits per second.

so you know for whatever reason it just was slow this morning and it was at 5:30 So I mean I don't know. It's not like there would have been a lot of people on the network, but you know it was kind of a little bit of a slow start. So on my first couple trades, I I was able to see the charts and I could see the level 2. but there was definitely lag between my order entry and actually seeing that the order was getting filled.

So you know I hate trading like that because it's it. Increased the risk because you know if I'm in a trade and all of a sudden starts dropping, I might not be able to see it very well. My hotkeys for bailing out may not execute because there are a five cent offset, but by the time I'm seeing the quote, it might already be five cents lower. So I have to keep pressing orders and you know.

Fortunately, that didn't happen to be a problem this morning, even though I was working with sort of a slower connection. I went easy on my first trade which was on our con. So you know, obviously today is a great day up. eight thousand, four hundred, forty-four dollars and three cents.

Fantastic trading. You know, not just fantastic trading on my part, just fantastic opportunities. We're in a market right now where we're seeing these huge opportunities every single day. So our con news was out: pre market you can see pre market it's spiked up to a high of three dollars.

So let's pull this back and look at the one-minute chart. So on this one, let's slide this over just a little bit and zoom it in. So on this one I was watching it pre market I had two that I was watching pre market I was watching Ize a and Archon Ize I ended up not working out I'll show you that one in a second I didn't take any trades on it because it never gave me a trigger. Never gave me an entry opportunity.

but our con popped up. pre market hit a high of 296 and then it pulled back consolidation and so as soon as the bell rang, this is the one that I was watching the news out this morning was related to blockchain. so cryptocurrency sympathy and you can see I jumped in I tried to get in at 78 I didn't get filled I then got in at 282 so I pressed it once no fill, cancel the order, press the hot key a second time got in at 282 2,500 shares I went a little easier on the size, selling it at 311 for 750 bucks. So you know.

First trade: 2500 shares, 30 cents. Really? you know. Solid, nice, easy trade. So once I saw that this thing was really strong, it pulled back on this second candle that went red.

It pulled back to 272. Is it curled back up on that? that one? I jumped in with 7500 shares at 295 and 299 and sold it for 20 profit at 219 and 218. Boom 1500 bucks. And just like that, I'm up $2,250 on the day two minutes into the day, right? So you know that was those are my first two trades.

Now on our con: I let it pull back a little bit when I got back in at 322 selling at 328. This was a small trade, not a big winner, not big size. I let it pull back a little bit. It ended up squeezing all the way up to 550.

I Mean it, it really took off without me. So what? I Saw you can see here on this consolidation: I Was watching it for the first 5-minute candle to make a new high, but I was a little hesitant because it did pull back quite a bit right here. so it pulled back and then it started to open up. As you can see it opens up, it squeezes up.

to 3 320 and right in this sort of range between $3 and 320. It was a little bit choppy and when I say choppy I mean it was. It was hitting a high big upper wick to 322, dropping down to 294. so sort of bouncing around in this area for about you know seven or eight minutes and I said you know it's it's worth keeping on watch to see if it breaks out of this range.

Right now it's Choppy I would watch it over 225 maybe or over 230. It ends up breaking that level 230 or sorry 330 squeezing up to 350 357 378. That does a little 1-minute micro pullback. So at this point I was watching the one-minute micro pullback.

But here was my problem. I'm waiting for the first candle to make a new high. So this candle closed with a high of 373 and this candle opened at 373. So it was one of those times where you didn't really get if the candle didn't really break the new high.

It sort of closed and then reopened at the high. so it was kind of a funny little break there even though is a nice one-minute might grow pullback it just for me I felt like it wasn't a clean setup. So anyways I hesitated on that one. It ends up squeezing all the way up to 409.

Its 409 and so my next entry on this oh let's see. sorry this was a Yale T case. So my next I'll show you that one in a second. So my next entry on our con was at 416.

Oh actually I guess I have a couple trades in this area a trade at 275, 278, couple scalp trade so those weren't there was were okay. But the really good trade was right here at 4:15 and 416. So I bought right here on this pullback. So let's just mark the high here.

all right. So the high was 423 so I bought right there and boom, it squeezed right up to $5 So I'm selling into the strength at 35 40 and at high just under the high at 494. so that was, you know, Really pretty pretty solid there. all right.

So I think I lost my connection. but I should be reconnected now. So anyways, on that trade right there. getting back in at 416, selling through the highs I was up almost a dollar per share on my last shares that I was holding.

So that was really solid and that put me total up Six thousand, One hundred ninety one dollars on our con. So really solid. Good trading on that one. That was a fun, fun stock to trade this morning.

It would just ended up being really, really clean. Alright, so the couple of trades I took in between those setups on our con were on LBI X which hid our scanners so hits the scanner I jumped in at let's see 209 I was long at 209, sold half at 220 and sold the rest breakeven you can see here on this chart. it did not hold up well at all. It tapped a high of 230 and then it dropped back down.

Let's see: I'm gonna have to reconnect my Facebook feed I'll just do that. the Facebook live later. So anyways, let me just scroll up here. so LBI x2 in at 209 210 sold it to 20 and 209.

so small win on that one. and then alt K this one I think I was a little too aggressive on it I thought it would be a little stronger than it was I got in it at the half dollar of 550 and it ended up tapping a high of 595 I sold it for not 594 and 587. it just didn't really hold up. it didn't hold that level very well.

so I ended up, you know, selling some and then stopping out as it came back down. It just it wasn't very clean there actually. I sold no I sold all of it at 94 and 87 and yeah, I'll actually know the last. Phil was at 57 and 40 so it was just kind of a chappie won.

It wasn't clean, it didn't hold up very well, so little disappointing on that. But I think it was worth a stab given the momentum we were seeing on our con and given the fact that ELT K had a nice daily chart the way it was kind of curling up here. over six dollars, you can see it had room all the way back up to nine and it is a former runner so stock that's had a history of making these types of big moves. So anyways, today was one of those days where I traded three stocks I'm green on all three I took about seven trades and I was green on all seven trades.

My average winners today were 21 cents per share. So you know that just goes to show that you don't need to hit 50 cent 60 cent 70 cent winners in order to be profitable. If you keep capturing, you know, ten cents here, 20 cents here. And then you do have a couple of trades that end up going up 30 40 cents.

It brings up your average and you know you end up doing really really well. So a deaf only feeling good about today's trading and I'm looking forward to tomorrow. Hopefully we'll continue to see really good momentum and be able to capitalize on these opportunities. This is one of the things that I say to myself is that right now is an opportunity and I want to really make the most of it because I know that there will be a period and it may be a month from now.

It may be two months from now. where things get slow and I'll be lucky to be able to make $500 a day. The reality is being profitable. The only difference between 500 a day and 5,000 a day ultimately is your share size.

So if I can consistently make five thousand a day or five hundred a day, I should be able to make five thousand. But there will be a point at some some point in the market here where things slow down and it will be difficult to even be green. Even making five hundred dollars will be hard and I'll have to remember that all of these big winners are you know, gonna have to sort of tide me over during that slow phase. So you know I don't want to have the expectation that I'm gonna average five thousand dollars a day for the entire year.

If I did that, I would be, you know, tripling my gains from 2017. I Don't think that's at all a realistic expectation. Alright, so just FYI on that and you know, just a reminder to try to make the most of these opportunities. Right now, we're enjoying the January effect.

The market is really strong, so let's try to capitalize on it, make as much as we can and know that it'll tide us over when things get a little slower. Alright, so anyways, that's it for me today and I hope you guys all did well. You're in the green between our calm ELT K&L bi X you guys should be so we'll be back at it first thing tomorrow morning and hopefully we'll see some more really great opportunities. Alright, I'll see you guys then if you're still watching, you must have really enjoyed that video.

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