What's up everyone? All right? Well here we are. Tuesday morning and I'm finishing in the green, which is great. We got a little Algo spike on Saidoo breaking news right at 9 00 a.m and you know this was, uh, this was kind of a quick one and you know what I think I'm actually gonna do is next week, Um, I'll do a, um, like a mini study group on Algo scalping. Uh, and taking that quick, uh, algo squeeze Because when you get that Algo Spike basically what happened on Saidoo news drops 9 A.m and it immediately, almost immediately, within like two minutes, went from about 280 to 380 a dollar a share.

Just like that. Now we've seen Algo Spikes where stocks have gone up. Five dollars a share. Ten dollars a share.

in that same period of time. It's just like instant and it's gone. So what's happening there? It's it's It's kind of too much to get into in this recap, so I guess I'll save it for next week. But um, it's something that is not uncommon.

We see it fairly regularly when it happens. It can provide good opportunities if you have the right tools if you can be quick. and today I was quick and I jumped on. I rode the momentum and I'm locking up a green day now.

I overstayed my welcome a little bit. I did go back in for a sort of second move higher and I gave back like 40 percent of my price. I was up 2 500 and then gave back a thousand above 1600 right now to finish the day, which is fine. it's a good day.

It's not fantastic, but it was really just. uh, it was quite. It was very quick, a quick opportunity, quick trade, and so we'll break it down during this recap and I'll get into more detail on it next week. I'm gonna put together some material for a good study group.

So um, Anyways, I hope you guys, um, are faring well in this Bear Market. We are certainly still in a Bear Market. Opportunities are few and forever between then during a bull market. The number of trades I'm taking right now is much lower than typical.

but grinding on small green days right now and that's a good way just to keep your head above water. Certainly adjusting expectations. You know, two years ago, a 1600 day is like break even. but in this market it's a base hit and it's a good one.

So um, yeah, that's kind of. um, that's that's my little intro here to recap. Reminders: Always trading is risky. My results are not typical, so make sure you practice this simulator.

Don't try to blindly follow me or anyone else and just remember that there's no guarantee that you'll find success whether you trade on your own. You learn from me. So really, just take it slow. but keep practicing.

Bear Market is a good time to hone your skill to get disciplined and prepare yourself for when things pick back up because there are ups and downs right now. we're in a down. We're in a little bit of a lull so it could go lower, but when it starts to come back up, that's when you want to make sure you're ready to capitalize on the opportunity. So keep prepping.

Keep getting experience. Keep practicing and I hope you guys enjoyed this recap and I'll see you first thing tomorrow morning for the morning show. All right, I'll see you then. All right.

So it's 10 a.m here and I'm gonna get while the going's good. Um, I'm up 1600 bucks. Today I was up 2500, gave back a thousand and then made back like 150. Whatever.

So uh, a slow day. It's July and I'm gonna spend the rest of the day doing fun stuff, riding my bike, hanging out with my kids, and the market. I'll be back at it tomorrow morning, but the the return on my time right now. In terms of like, the amount of money I'm making is very low.

You know it's typically lower in the summer. That's always been the case. That's typically traditionally been. the seasonal ebb and flow.

Summers are slow. It picks up, especially in Q4 and Q1. Usually I make the majority of my profit between October and like March, April. and then you know I try to scale down in the summer and take it slow.

Sometimes you know we have anomalies like 2020 coveted lockdown where we had a lot of opportunity in June and July in 2020. But um, that you know that's not what's happening right now. So this is more typical the previous years and uh, it doesn't really pay for me to spend more time sitting here. it's just, you know, the hourly kind of what I'm making.

It doesn't really, doesn't really make it feel worth it. So this is a great time to recharge a little bit to spend a little less time. uh, trading. It's okay.

And uh, you know. Of course, for some of you guys who are in the Sim, there's still things that you can be looking at. There's still some uh, opportunities. whether you're studying level two, or tape reading or charts.

Whatever, you know there's still things moving. But you know, I don't have to tell you the opportunities have been fewer and further between. So Said is the only one I trade today and I traded on this Algo Spike. News comes out right at 9am and immediately it squeezes from a low here of 289 up to 383..

that's a dollar a share and I jumped in it. As soon as I hit the scanner, it hit our scanners at about three dollars and eleven cents. I think. let's see 311.

Yep, I hit the scanner right here at 311 hits 315. I got my first order filled at 317, added at 24, 34, 37, and 47.. So that's very typical as I see it moving higher. I'm adding as it's going up, took profit into the top of these candles, bought the dip on the pullback, it comes back up and then uh, and I sold and took profit and then I added back at 72 right here or something like that for the break of 75.

it drops down to 54. I added at 54. it comes back up to 67 and then it drops down here to low 48. As you can see.

Um, I got a little stubborn. I added again at like 49. it pops back up here to 61 and I sold at 55 for a thousand dollar loss. I was just like, you know what you're getting, stubborn, just let it go.

So in hindsight, the second it didn't rip through the high of 83, I probably should just cut it rather than continuing to add and get more. Uh, drawn into the trade, but got a little emotional on that one. A little stubborn loss was probably double what it should have been. Could have been 450 on 4500 shares.

Maybe a 10 cent loss. Instead, it was, um, well, it was a thousand on, I think 8 500 shares. I doubled the position and doubled the loss. So kind of stupid.

but uh, finishing. You're right. I shouldn't say stupid, it was, uh, it was a judgment call at that moment. Uh, not the best one.

but whatever. it ends up coming back up here as you can see up to 59.. I traded on this break of V. Wap, uh, I only made on that trade 120 dollars so I just kind of.

At this point I feel like it's uh, it's not. like I said, it's just not worth it. Um, you know if maybe maybe this goes higher. I hope it does.

But um, I'm just. I'm okay with sitting where I'm at today. This is enough. This is enough for me.

Sixteen hundred dollars. This is good. It's fine. So we're definitely grinding right now.

Um, we've got. let's see. Well, One, two, three, four, five, six, seven, Eight days left in the month and uh, I'm hoping that we have one at least one. Really nice.

Um, you know, Momentum stock this month. I don't feel like we've really had one yet. Uh, you know you had Goev's Nothing really that exciting on that. We had, um, I lag.

but of course that was Momentum. Really. To the downside, I mean, it's just terrible. Um, well.

let's see. we could check our continuation scanner. You know there's been a few things, but uh, you see right? So you see. So the problem on Uc.

uh, you did have this first day 200 000 shares of volume and it goes up. You know, 400. second day has high volume, but it kind of stalls out and it wasn't really easy to trade. As you recall, liquidity wasn't great, didn't really feel like I could size up on it.

Got these flushes, They were kind of nasty. So and now you've got the sell-off So, uh, I don't know, So that was the biggest one so far And all things considered, you know, it just wasn't that great. All right. So that's where.

Um, you know that's kind of where we're at right now, hoping that we have, uh, something this month. You know there's always hope. Uh, hope is not a strategy. Of course you can't.

Uh, you can't just hold and hope. but not holding any position. Totally cash flat. I can be certainly hopeful that there's better opportunities ahead.

There's nothing wrong with that. Um, you just want to make sure you're You're basing yourself in reality when you actually take your trades that you know you're not just trading on hope. So I am. Uh, yeah.

So that's kind of where I'm at right now. Another green day. Yesterday was a small green day. Today is a small green day.

Small green days like this are keeping my head above water as we get through this choppy, you know, churning market. One of the things that I'm you know, reminded of is the fact that we're not alone. I'm not alone in this. Um, you know so many of you guys are in the same spots.

Thousands, hundreds of thousands, millions of traders all around the world are in a very similar spot. You know it's been a slow year. This is a year where everyone's had to sort of tighten their belt and adjust expectations. Corporate, You know, big banks, big funds.

I mean, it's just across the board and across different industries too. You know, I mean, think about just for a second. Like think about, um, you know the the people out there that are, um, you know, fishermen and women. You know the price of diesel fuel going up a hundred percent.

We think that's done for their profits. You know, instead of spending ten thousand dollars to fill the boat, it's twenty thousand or whatever. It is. fisher people.

Um, you know, fish people. I don't know the right way to say it, but um, you know. I mean it's everyone has seen places where they have to tighten up a little bit and where their profits have disappeared. Uh, they've gone somewhere.

You know, whether it's to the fuel or it's to you know, these interest rates or the market or whatever it is. So this is. You know this is what this is. We're all in this together and the only way through it is forward and we'll get through it as we always do.

As as we have each time before that we've had these, uh, sort of. you know, dips and slow downs. So definitely on a kind of you know downturn here. I'm not sure how much slower it's going to get, but the Gap scanner this morning aside from Cyto, you know the Gap scanner wasn't that great.

We didn't have any big leading Gappers that were really awesome and Sydus only up 17 right now so we don't have the big momentum. we are scraping the very bottom getting. You know what we can and I'm I'm happy for those. you guys are in the green.

Like I've said, if you can be green in this market, that is, I think a really good indicator of your potential to trade and how well you could do in a strong market. Uh, but you know I think that it's um, it's it's You know, it's just something that we got to get through. so we'll get through it. and uh, I hope that through this we are able to come back to a place of really strong discipline.

So coming out when things pick back up, we'll be able to do really well. Yeah, and this, these types of markets will shake out a lot of loose hands. uh, weekends. You know, with, uh, in all industries, it's only the well-established that will survive.

So I guess that's about it. Um, 10. A little past 10 here, 10 12 coming up on 10 15.. So good luck if you keep trading the overall market right now.

You've got a little bit of a bouts off of the low from yesterday. you know, Apple reporting they're going to slow down hiring. I mean, all of a sudden it's like to cope with possible recession. like.

come on. that's like big deal. They're slowing down hiring, slowing down hiring. That's not even that's not even firing.

that's just slowing down hiring. Come on. So that's to me. I saw.

I thought that was kind of silly that the market was so shaken up about that. but uh, whatever. So very, very, uh tense market right now. But you can see this is where we're at on the daily, so hopefully we can get a couple better data points out.

Um, I saw building permits for new homes was up above the expectation. So do your part. Go pull a permit. Do your part.

Spend a little money. Don't let this. Uh, don't. Don't just hoard it all.

You got to spend it. So I did my part. I went to Lake Placid, I filled up the tank with gas. Now you know.

Did I do half half premium And and half? uh, 87? Yeah, of course I did. I mean, I'm gonna. I'm gonna blend the average. I'm gonna average it down a little bit.

I'm not. I can't do full premium in this market. I'll go 50 50. But you know what? do your part.

So keep that gas tank full. All right. So we'll be back at tomorrow. Hopefully we have, uh, some good opportunities and I'll see you in the morning.

All right. See you then. I hope you really enjoyed that video and make sure you hit the thumbs up and subscribe to the channel if you haven't already. Our goal is to hit 1 million subscribers this year, but we won't get there without your help.

So please please please hit that subscribe.