What's up everyone? All right? So I'm going to go over my trades for today. We had some momentum this morning, so we'll start by going over the Gap scanner. Uh, I was up on the early side this morning and naturally you know one of the things I do is I check the Gap scans on my phone so I could pull up the scans right on my phone and then I could see whether or not it's worth kind of, you know, hustling over here to my little office or if I can take my time a little bit. I Saw Gsmg as one of the leading gappers early this morning, but noted immediately that it was an 82 Cent stock.

So therefore I wasn't very interested. Drma this one. uh, it was on the scans yesterday as well and I saw some Traders um, who took trades on it earlier yesterday morning at around a dollar. fifty dollar sixty.

So continuing today, which is good, but one of the things you can note about this one is that the float is very low low. You can see that the float here is only less than 600 000 shares. so a very low float has the potential to make a big move. Has 55 million shares of volume and it was fairly thickly traded.

It didn't act like a low float stock really. Uh, you know, Yeah, it's it's up 90 right now, but it was trading much much more thickly than your typical low float stock. So I thought that was kind of interesting. You can see I did get a couple trades on it, but it wasn't that easy.

Uh Blu this one Higher flow I believe it's a buyout anyways. slgg price is too low. Ptpi I traded that one. We'll talk about that one.

Gmda floats too high ALR A little too cheap so you know there were a couple different stocks that popped up and so when I first sat down this morning I actually went red on my first trade of the day. so first trade of the day was on Ys All right. So Ys hits the scanners fairly early as you can see here around 7, 10, 7, 15, 720 and my first trade on it was a long I bought the dip at 190 which I thought was a decent little dip. I'll show you the chart so it tapped.

Let's see. uh, it tapped two right here. it dips down and you might be kind of shocked at how I could have even lost money on this trade. Uh, I'm a little shocked as well as I look at it right now but I managed to do it.

So how did that happen? Well I got in um, at Uh 7 19 at 190 right here. So I got in at 190 and we might even need to look at the 10 second chart on this one just to help you better understand how I managed to lose I kept a tight leash on it so you know for what it's worth I'm down 200 bucks which is, uh, not not a big deal but this is where I got in. so I got in right here at 190. and then I added at 195 right here and you see how it came up to two and it couldn't break that level and it dropped back down and I sold right here I was like now I don't like it so I took my loss 200 bucks it comes back up you know, a minute or so later and it broke through too.

So you know. The thing for me though is that I bought this dip I added for the breakout and then it stalled out right there and I thought nope, that's that's enough of a reason to get out the sign. the exit signal was there, the weakness was there and I sold I took a 200 loss and that's not a big deal. that was a good exit.

it was the right exit. I didn't sell at the bottom I got out. you know, just a little below my entry and I had bought 5 000 shares so on a 5 000 share position to lose 200 bucks is is really not too bad anyways so stopped out on that. It does end up going up a little bit.

My next trade was Drma. so Drma was also a losing trade so my first two trades put me in the red on this one. This was um I tried to do a dip trade on it so it pops up here over V-wap Uh, it sells off a little bit and I bought this dip right here I thought this would hold V web and then curl back up, but it went lower instead and so I took a loss on that one that was also a 5 000 share position. and I think the loss on that was like 300 bucks.

So relatively small loss there. But that put me in the day with two red trades. So I'd broken the ice and I was going in the red. Now Drma ended up coming back up which was good.

I Oh, I also took a trade on Amst. that was my next trade. My third trade was Amst pre-market Uh, jumped in I pressed the buy button at 5 10. I filled at 5 23.

So that's a little bit of slippage. Um, it wasn't a big order, but uh, 2 000 shares and I got, you know, 200 of slippage on that order. Not great. It ends up hitting a high here of 534 and I stopped out at five as it came back down.

So I lost like 400 or 500 on that trade. It's a little bit of a bigger loss and that put me down a little over a thousand on the day with three red trades. So sometimes I'll say if I have three red trades I'm gonna lock it up and walk away because I was not below my Max loss and one of the losses. Well, two of them were really, they were all quite small I thought well let's just let's let's take it slow and see how things go.

Now some people will say Ross that's you breaking your rules and I would say that if I had a hard set rule that if I ever have three red trades in a row, I'm gonna walk away and I'm going to stick to that rule I'm going to always follow it and that's that. Then yes, that's a rule that I'd be breaking. uh I That's not really the case for me. It's more of a rule of thumb if I have three red trades in a row I Try to be really aware of the fact that clearly my accuracy is poor and maybe this is a day that I should just walk away.

But if it's early and those three losses have all been very small, then that's good risk management and the fourth trade could be a great trade. and um, and it actually ended up being the case. and it more than made up for the first three small losses because I was managing my risk well. Now this is where I'm at in my career for someone who's a beginner.

Trader when I give you guard rails for your trading or rules that I would encourage you to follow, that's based on the fact that as a Beginner: Trader sometimes after three red trades in a row, you're going to get really emotionally activated. You're gonna get frustrated and that's when things can start to spiral. So for another, Trader it may make a lot more sense to go ahead and follow. You know these tighter guard rails of you know, two or three consecutive losers wrap it up or down more than a thousand on the day? Call it done.

Don't make it worse when you get to be sort of the place that I'm at with more experience, you start to give yourself a little bit of space on some of those rules now. But even for me for Max loss, you know if I'm down more than sorry five thousand dollars I Really don't want to keep trading. not in this market right now in a hot Market I could lose five grand on one trade and then make 15 on the next. And it's You know, 5000 is too tight of a Max loss on the day.

but that's not the market that we're in right now. So anyways, uh so last on Amst and then my next trade was on uh, Drma. So on Drma, it ended up uh, curling back up and we'll back up this chart. So I got back in this.

um as it started to pull away right here I got in at 294. and 295 for the break of three dollars. So that was right in this area here. so that ended up being a really nice trade right there.

that entry at three, it was a breakout trade. It wasn't a dip trade, my first two trades were dips and then the Amst trade was a breakout trade. All three were losers. This was a breakout trade and it ended up being a nice winner.

We got the move up to um, the high there which was 3 15 and then a micro pullback and then a pop up to 325. and I traded this fairly aggressively I bought 3 500 shares on my first order at 94. I added another 3 500 and then I added another 3 500. So I scaled up in slightly bigger blocks than my normal 3000.

I this was a little bit of a lower price stock now. I Guess I was doing 5000 on some of my trades earlier as full size, but on this one I got myself up over 10 000 shares. Uh, so that was good. That ad that put me green on the day.

in fact, that recouped the Thousand that I had lost and that put me green on the day by about four or five hundred dollars. which was good, maybe even 700. maybe 700 after I hit the high of 320. uh, then it pulls back a little bit.

I Uh, did take this false breakout right here and I lost on it and that put me. Oh now I can't remember where it put me on my P L. but I did take a loss on that. might have even put me back to red on the day then.

I got back in right here. 320 false breakout but I didn't lose on it I stopped out flat, came back up again I got back in this time again at 3 20 added at 325 I started with 5 000, went to ten one to Fifteen and went to 20 000 shares. That paid off, we got a nice breakout up to 340. Um I had traded each of these with bigger size.

Five ten thousand, fifteen thousand shares, five thousand starter once I'd gotten myself into the green on the day I started sizing up a little. um but the fact is uh Drma was was kind of choppy and it was. It really was a struggle. It felt like a real fight to get much of anything.

I got this trade here as well. uh with 20 000 shares but unfortunately I was in at 47. a little high it popped up to 60. it dips back down, it pops up I ended up selling it like 52 51 so it wasn't wasn't a very big winner.

You had those candle wicks but I didn't get anything out up there. then it sells off and is back below. Uh, these moving averages start to dip down. so at that point I switched to Ptpi.

so Ptpi pops up, start squeezing and initially we saw it early. it popped up kind of twice. Let's see. Uh, we had this first move here at like 8 50.

so let me find my first trade on it. My first trade on it was at about 853 and that was when it was at 5.67 So that was right in this area here 853. Okay yep, so right. so this one was a small.

This was not a very good trade. so uh, it hit a high up here of 70. let's see 73, it dips down I Bought the dip at 66. it comes back up to a high of 75.

it was like a 200 winner. It was small, it was really nothing to be excited about. um. But then at the Open I got some more trades on it.

So going into the open I actually jumped in right here as it started to squeeze back up at about the same price of 567. I was looking for retest of the pre-market highs and if it broke that level I was looking for a move to six and we got it. It squeezed up to a high of Uh 6 11 which marked the high of day and uh, that that put me up over 4 000 on the day. So that was a nice trade.

I Then um, saw this flush and I bought a thousand shares at 522 into the Falls Hall well into the hall I Thought it was gonna be a false halt and then it halted. For real, it opened I added another thousand shares and it popped up to 534 and then dipped back down and then it came back up. So I got out more or less break even I Think it might have been a small winner, but it didn't end up giving me the bounce that I thought it would. So that was Ptpi and that was my last trade of the day.

I watched uh, some momentum on a couple of their names. p H I o this one squeezed up. halted. Uh, three times in a row opens lower, flushes, halts down, bounces up, back down, curls back up here.

but choppy. I mean this is sort of difficult stuff to trade. Htgm I bought a thousand shares of it, made 135 dollars, but it halted twice in a row going up as well. I Bought the dip down here as it curled back up at about 425.

sold at 445 450 something something like that. Uh, anyways, we got a nice little curl back up, but again, nothing. Nothing nearly as strong as what we had yesterday on. Wint although on Wint yesterday I didn't end up trading it because I didn't feel like I could manage my risk which is fine I mean that's just sometimes the way it goes.

so no fomo yesterday. Uh, I Was hoping that we might see some nice big moves today, right? I mean we saw some yesterday. even though these weren't this wasn't easy for me to trade. at least we saw something.

but today it was a little a little colder. so I don't know I think Traders maybe? um, just sitting tight a little bit. Some of the stocks from yesterday ended up rolling over, forming these topping tail dojis and not being as clean as maybe we would have liked. So uh, that might have been weighing on things a little bit, but in any case, I had a good day yesterday, had a good day today I have now exceeded my weekly goal and it's only Tuesday morning which is great but I didn't do as well last week I was green but I came up a little bit short on my weekly goal last week because I had a red day on Monday and a red day again on I think it was Thursday So I have a little bit of ground to make up.

Uh, to get myself sort of back on track with my monthly goal I hit my monthly goal the first week I came up short the second week and so far I've hit it on the third week here. but now I've got of course three days left and I want to make sure I don't have a big red day if I can help it. And what I would like is to chip away with some more small green days so I can catch up on maybe what I was a little bit behind on last week. That would put me back on track at the end of this week from a monthly goal and then we'll go into uh next week last week of the month of April which is crazy and um, hopefully I can have a have a nice finish.

but you know, as I've said this year has been, you know, kind of interesting. January and February are really strong for me I hit my monthly goal I think both months definitely in January I think maybe I was just a little shy in February but only by a couple thousand dollars and then March you know, the banking crisis just really, um, made it very difficult to find some good opportunities for me for my strategy. So March um didn't make any progress and now in April I'm kind of having to, you know not only of course I I you know, hit my April goal but I also feel like I'm a little bit behind the ball so I've got to keep my head down, stay disciplined, stay focused, and you know, just try not to compare myself to other people. I see other people out there, some you know who have certainly made more in this last week than I did on some of these moves who felt they could take more risks than I felt that I could take and I want to be happy for them but not compare myself to them.

to the point where I feel like man I'm really an idiot for only making you know x amount yesterday when this other person made you know twice that or whatever it is, we can all do that. and the second you start doing that, you're no longer grateful and appreciative for the gains that you've made. and when you don't appreciate them, it's easy to give them back being Reckless careless and giving into Fomo chasing stuff. So and then next thing you know you know you're red on the day and then you're even more frustrated.

So I'm just trying to keep my head down Chip Away Pace myself make up a little bit of ground and um I'm really glad that these last three weeks have been as good as they've been because it's we were definitely due for some nice momentum. Yeah, I wish I maybe could have traded a little more aggressively but I did I had to do what was right for me. From the perspective first of managing downside risk. you know you start swinging with 30 40, 50 000 shares like I have in the past and that's all great until you catch a 30 Cent loss and you're down 15 grand.

you know in one day. Which right now my biggest loss of the year is uh, let's see biggest loss of the year right now is eight thousand, four hundred? Uh and and you know that's in terms of uh, red day biggest red day so that's not too bad. Uh, you know I can I can live with that if I looked back at 2022 the first you know three months of 2022, my biggest red Day last year as of this time was minus 39 000. Wow now I was up more than I am I was up almost 12 more than twice.

uh what? I am today so you know I was swinging bigger I was having bigger wins I had last year my biggest Green Day was a 68 000 Green Day As of you know this first three months so you know last year was but again, that's even comparing myself to myself and it's not really worth doing that. I would certainly be locking up 68 000 Green days if I felt the market. um you know could really support me trading that aggressively. but I don't right now so keeping it tight, keeping my head down and just trying to chip away.

So anyways, that's it for Tuesday I'll be back at it first thing tomorrow and reminder for those tuning in. As always, the trading is risky and my results aren't typical so make sure you take it slow and practice this simulator before you put real money on the line. Today I taught a class on uh, the three beginner strategies the three phases for most beginner Traders So check that out! I'll put a link to that right here at the end of this episode and I'll see you guys back at it first thing tomorrow morning.