What's up everyone? All right? Well here we are back at it. Another Green Day Some Solid momentum this morning. I I'm pleased this is. We're off to a pretty nice start here.

so it's already Thursday We're coming towards the end of the week and today What was interesting was we had some good action premarket and then at the Bell things got really choppy. I don't know it, just it's like we had great action then just kind of stalled out. So let me look at let's look at the charts and I'll show you what we're looking at. So for my big account today, I finished at 4,000 $ 5652 Minm was my biggest winner.

$671 N9 of profit on that stock which is great. Uh, was read on Jfb and Omga. Both of them made moves but neither of them were really easy for me to trade. I found them to be sort of choppy I got chopped out on both of them and then I got the trades on Minm.

So why don't we look at Minm since that was the sort of the most exciting one? Okay, so Minm, this stock has a history of popping and selling off so I was a little hesitant on it this morning. Uh, we can look at the 10-second chart actually. First, let's look at the scans. So Minm, it's got a float of less than a million shares.

It's got 32 million shares of volume today. That's a ton of volume. Relative volume is 759. We've got a lot of relative volume too, so everything here checks out.

This thing. uh, was was moving. The only problem was that early on it was kind of whippy. so it first popped up on the scanners.

It's pretty early. it was like 7:15 Let's see what time was it. Um, well actually it looks like it popped up here at about 658 and then it sold off and then it came up and hit the scanners right here as it went up to a high of uh, Four three, sorry 346. So my first trade was right in here so got this.

Nice. We got this nice dip as you can see right here and this gave us a move from about 320 all the way up to a high of 389 390 which wasn't bad at all. But then look at this. it then drops down to 340.

so a 50 50 C dip and even right here it went from 3 to 340, back down to like 3140 and then it pops up so big ranges it grinds a little higher to 420, dips back down to 396, pops up to a high of 437 and then pulls back at that point I Drew Uh, let's see this ascending support line connecting these two dots and I and I Thought if it holds this, I might get a trade over 450, but it ends up oops. I Want to undo that. It ends up breaking down selling off, coming down to the Vwap right around here. All right.

So it sells off a little bit and then uh, we go sideways at volume weight, average price. but we do end up curling back higher so we're sideways here. but right here we break back up over four. Got a nice trade here, back up to 420.

Now on this one. I You know the thing is, it popped up here and pulled back, but the longer it was basing out the more I Felt like this thing wanted to go and very quickly it was retesting the high of day, but we rejected that level. I Did try to take some trades up in this area and I kept getting stopped out. I would get in and get right back out.

Get in, get right back out because it wasn't breaking and pulling away. so then it drops back down again. back down towards this sort of Vwap level. It comes back up again and actually on the one minute chart.

I Drew a uh trend line from here to here and you see, we come back up to it right about here. We fade back up to it here and we fade back up to it here. and then finally we broke over it and it tried to pull away but you can see it just it didn't It did not go parabolic, it went higher, but it didn't It didn't really pull away. The interesting thing was this had some big Sellers and so what I would notice was that all of a sudden you know it would be trading like I don't know 4 487 and then all of a sudden the ask would be 477.

it would drop 10 cents and then there'd be a little flush of selling. Basically someone put a big sell order at 77 and they sort of sweep the book down to 77 and then it's pinned there for a second there's some Panic selling and then it kind of Pops back up goes back up to 97 and that does it again down to 77. And it's like these big kind of instant drops which are caused by one order sort of sweeping the book and then pinning at that price and it kept happening and it would be these 10 15 20 cent drops And that made it really hard to manage risk because at any time you knew that you could get one of these drops, so I started to just feel like I wasn't dialed in on the price action. Now for those of you curious about my small account, I will be doing the small account episodes um, weekly so those are going to get uploaded weekly so you'll have to just, uh, stay tuned for the next upload which will be next week.

Uh, but I did trade in the small account today as well. So anyways, Warrior members are able to see that but uh I'll upload those um next week for YouTube So minm you know it just was kind of choppy and then look at this candle right here. this was I mean this was bad, but if you didn't already have the warning signs I mean the red candle here. High volume red, high volume red, high volume red another one here, another one.

even right here, the stock has been doing this. It's what it does. So what happened here? it breaks 520. it breaks the pre-market high of 533 and I kind of think that it it forced some short sellers to cover.

sort of a little liquidity trap. You know just all of a sudden shorts are like uhoh I better get out and they cover and then some Longs Chase it And then what happens? Probably someone dumped like 500,000 shares at the market just selling a huge position and boom it drops. That's my guess. um to guess I'm not sure but there was a huge sell, some huge sell words that went through there and it dropped it.

So that was Minm. uh which is our leading gapper. Omga this one I Tra early. uh and and I I fumbled it a little bit.

The thing with this is that I don't even know why I traded it. the float's higher, it is more of a grinder. I got in uh, right here for the break of 550. Now at that point you could have been like, oh, look at this blue line.

Well I hadn't drawn that yet. um and if I had I would have been connecting kind of here and here you know I I usually wouldn't draw a line like that until we've had the pullback and then I connect the lines. But anyways, so I got stopped out here twice I took two trades on it I lost like 400 on the first and 500 on the second. So down $926 on Omga.

and yeah, this was this was annoying. so it drops down I get stopped out, it comes right back up and I was like I'm not going to chase it, it grinds higher and then just sort of as a slow fade typical of a stock with that float. No surprise. Jfb this one uh gave us some opportunities but um was not super clean so let's see.

Um it started after hours, continues pre-market and I took my trade at about 7 a.m. and that was right in this area. uh again. I I got in right here as it was breaking this level.

I was like okay, we're off of Vwap I took a starter at Vwap 1,000 shares and then I added 3,000 as it was coming up up. so I had 4,000 shares I think it was 4,000 and then it drops right here and I had to stop out so it took a $1,200 loss on that. So my first two trades put me in the red 2,000 just about $2,000 today and I was like okay, you're trading a little early, slow down, be patient. you've got a lot of time left.

But as it turned out, within 15 minutes or so, Minm hit the scanners and was often running. So just like that, you know I I was able to lock up some profit on Minm and um, then added to it as it went higher. And yeah, so this ends up being a solid Green Day The losses from earlier water under the bridge doesn't matter. and you know, come to think of it, this is actually the first time right now this moment that I just thought about where I am relative to the draw down I had at the end of December I Kind of just hadn't been thinking about that.

Which is good because you don't want to obsess over it. Um, and part of that's because it's it's a new month. It's a new year, so it's kind of like, well, whatever happened then is sort of. it's done.

It doesn't matter you. You know it is what it is, right? It's behind us. Let's focus on moving forward. Um, you know.

But as a matter of fact, you know, with these three green days so far this year, I am in really good shape. Um, I'm in great shape on the month I don't actually remember exactly where I finished on Tuesday Uh, I think it was around 5,000 Uh, and then yesterday. uh again. I can't remember I'm kind of like just I don't know, not soaking it in deeply when I take the trades, but must have been 3,000 or something like that.

So anyways, I I think up over 10,000 so far on the month of January. It's a good start and that recoups, um, probably most of the losses from the end of December. So now my account's kind of back up towards the high and I'm ready to sort of take off some of the restrictions that I had put on myself and start to lean in a little bit. What I'll do tomorrow is I'll export my trades from the first three days days of January here so we can kind of actually put it on the the chart and map out where I am relative to that draw down and kind of what the progress looks like.

Uh, but you know the fact is, the market is what it is. You know if there's opportunities, I'll trade, I'll be aggressive. There'll be some opportunity you know for me to make money. and if it's slow, there's nothing I can do.

So the funny thing today is that we had some great opportunities pre-market and then it died and I think the problem was. well. we had this big rejection pre-market on um, minm right there and that kind of set the tone for the rest of pre-market We didn't have anything else that was good and then we had just red red red chop. So I think that early birds got the worm today and people who showed up late might be in the red and trying to dig themselves out of the hole and there's just not a lot to do.

Minm is our leader. Omga is the second leader. MOX is the third leader. Mox little Annoying um kind of a distraction.

Stock in a way pops up, drops down, comes back up, drops back down, comes back up. it's choppy. It is a somewhat recent IPO these can sometimes be good, but this one just didn't happen to be good. Um, Jfb I already talked about that one.

AC I don't know. higher float, higher float on Qs Um, you know. and then the Gap scanner just kind of Fades down a bit. So yeah.

I I We definitely had a couple of good days there, but I'm not sure if you guys are going to see any big action this afternoon. I don't know, we'll see what happens I guess Overall: Market S&P 500 Uh, back down towards the 20 moving average. So we finished 2023 in great shape. First three days, one two three here.

A little bit of pullback down to the 20. You know we could pull back down towards a 200 and we'd still be um, you know, fine. But in any case, overall Market's doing its thing. Nothing super exciting to report on there, just you know, aware of, um, sort of where we're at.

Nice progress and'll be interesting to see how the overall Market does this year. I think we'll we'll probably see a nice lift. I'm looking at Omga and I can see a 100,000 share seller at 80 right there on the level two. So you know this is the thing.

you got these big sellers coming out big offers. This just gets crowded. this is difficult to tr it's difficult to make money on it, so it's good to know when to push it, when to be aggressive, and when to just step back and slow down. So I think for me you know the name of the game is to call it a day lock up.

You know, a few good weeks of trading. try to build a cushion on the new year. One of the things that I did that was a little bit of a you know it was not great I think it was last year um I came out of the you know January swinging hard you know I was like all right I'm going to set a really strong foundation and so I was just like hitting everything with big size but I was churning a lot of commissions and I didn't really make that much money because I was just I was just being so aggressive I was adding to everything and then things would come back I'd stop outbreak even and then halfway through the month I'm like oh my gosh okay I'm not making progress. We got to get serious here and you know start to chip away at U at my gains with with base hits.

So this year, partly because I was in a little bit of a draw down and was Trading more conservatively the last week of the of the year in December I kind of carried that in and it's just the luck of the draw. but I think it actually was helpful and so now I'm off to a good start these first few days. Uh, but I don't want to get ahead of myself. It wouldn't take much for me to make.

you know A5 $6,000 mistake and give back a full day of profit or a day and a half of profit. So I've got to be patient. Got to focus on the highest quality setups and you know, put in my time. So I'll be here from you know, 7:00 a.m.

roughly until 10: 11. if the market is strong and we keep seeing action, I'm happy to trade longer, but once I leave I'm done and I don't want to come back So did a great job with that. Well struggled with it a little bit on Tuesday but I did follow it did a great job with that yesterday and I'm going to do it again today. So locking it up here with $4,500 of profit in my main account.

Another solid Green Day 6,700 on minm. my biggest winner. That one's up 167% right now, down a little bit off a high of I think it was over 200% So uh, good job. For those that got green this morning, stay tuned for the next episode in my small account Challenge that's going to come next week.

If you missed yesterday's episode, uh, we'll put a link to that um in the top of this video here where you can check it out once we cross over 10,000 Thumbs up! You will help me unlock a new piece of inventory for that challenge. So for those that didn't check it out already I'm doing a small account challenge I've already started it and I'm limiting myself to using two pieces of equipment. this old laptop right here that has not one, not two, but three broken keys and this monitor right here which some of you have commented on you very keen eyes. You've observed that it's broken and you are correct, it is broken I dropped it on the ground I did not punch it I dropped it on the ground but it it took a hard fall and it's broken.

So I was going to just throw it away but you know I don't know I just I hadn't and then I thought this is perfect I can use this for the small count challenge because when I was getting started I was TR on borrowed laptop I was using one of those monitors. that's like perfectly square like those really old ones you know? So I was not using the new fancy stuff and you got to be able to make do with what you've got. So I cannot wait to get a new monitor we will get I will get a new monitor once we cross over 10,000 thumbs up in the small account. Challenge Series We got 2,300 thumbs up so far on yesterday's video.

So I am 23% of the way there to getting a new monitor. so check out that episode, Hit the thumbs up! and if you want to force me to reset my account back to 1,000 bucks, you can help with that too. Once we cross over 10,000 new subscribers on the channel and this is measured as of yesterday at the moment we published uh, episode one. once we get 10,000 new subscribers, I'll reset my account back to 1,000 bucks so you can help with the reset as well.

All right. so we've got the reset and we've got the inventory so you guys can help participate and I may give you some opportunities to give um to to give me some direction about how I trade what kind of stocks I trade and things like that so there'll be some more stuff coming soon for this challenge. so check it out if you haven't already. I'll put the video right here and I'll remind you as always that look, trading is risky.

My results aren't typical. Certainly, trading on a small account is the is very risky. so take it slow, practice in a simulator before you put real money on the line. and as always, don't try to blindly follow me or anyone else.

Take it slow and I'll see you back here first thing tomorrow morning.