What's up everyone? Alright, so here we are: fifth green day in a row I am happy about that. About $12,500 profit in the last five days of trading. So that's the great news. The bad news is that it really only puts me about break even on the month.

And of course, breakeven is better than being down 12 or 13,000 It's not where I'd like to be coming into. well, the third week. Well, I mean that's kind of disappointing. So for me right now, I've had to be a little bit more conservative I can't be really aggressive.

put the pedal to the metal because I don't have a big profit cushion. So right now it was just trying to be. It's almost like I'm playing catch-up in a if you're you know, race doing a race like race cars you're you know, doing the laps and for me to catch up I just have to do perfect laps again and again and again. I can't afford to make mistakes I have to almost you know, account on someone else to make mistake for me to be able to catch up I just have to do have perfect execution and then if I'm able to get you know with a little bit of luck I get a little bit of you know, make some headway then I can start to be a little bit more aggressive and so is that relates to trading for the rest of this week.

I Have to continue, just focus on you know, two to three really good trades a day. I Can't be aggressive on those setups. That might be a little bit of a swing for the fences I can't afford to do it. Yeah, I'd love the home run, but I can't afford to strike out.

So right now it's about starting to build that cushion. and then once I've got the cushion, then probably next week and the week after, that's when I might be able to start to take a little bit more risk if we're seeing good momentum. and I've got the cushion. That's what I did in June I started June damn $16,000 on the first day and I finished the month up 36,000 So like a $50,000 swing from the low to the high And it started first with the goal of breakeven and then the goal was $10,000 profit I got it now $20,000 I got it and then with $20,000 profit.

At that point I had a cushion to start to be aggressive towards of the month and I made another 15,000 So you know I would love to see something similar like that happen here for August Time will tell. It really depends. You know more than anything, probably on the strength of the market. And the good news is today we saw some really good strength so I'm excited for tomorrow.

I'll be back at it first thing and hoping to see some more momentum. Any questions, any comments, leave them below. You enjoy these videos like subscribe and get the alerts. Press the alert button so you get the alerts.

whenever I Go live in the mornings for our pre market analysis. Alright, enjoy and I'll see you guys first thing tomorrow morning. Alright everyone, so we're gonna break down the trades from this morning. Another really solid day finishing the day up Mm $871 Green is good and it's always important to know when to walk away.

So for trades today for winners I'm happy with that. If anything I under traded a little bit Today There were a couple of opportunities that I totally missed. T is the stock went from 80 cents. Currently it's a two dollars and eleven cents and halted on a circuit breaker.

Obviously a big move there. The first pullback right here. This was the lowest risk place to get in, but I didn't take it at this point. I was sort of thinking, you know what book the profits, walk away live to trade another day, You know it.

I'm We're gonna market where we're seeing some opportunities, but in a really strong market. I'm gonna be up five to eight ten thousand dollars in the first hour and since we're closing, we closed the first hour and I'm up only twenty eight hundred. That by itself is an indicator to be a little bit careful. So I kind of thought.

You know what? I'm gonna take the money and be done. I'll come back. Keep it up, you know tomorrow And small winners. That's kind of the name of the game.

it's its base hits. so four base hits. Two trades on XP IO one trade on a B il one trade on a y tu. so my biggest winner was only about I guess a thousand dollars which is good but you know, obviously you know not not the most impressive winner that you guys have ever seen me lockdown.

So so I miss I've missed this move on t is you know if it goes really crazy I think that's just awesome for Momentum Traders. I'm happy to see it even if I personally don't capitalize on it on this trade. I'd be worried about the possibility of it halted, getting halted, going back down and one of the strategies is to short halts going back down because they almost always open lower right now. If this drops 20% it can halt going back down.

So you know around the dollar 90 I would start to be worried about that possibility. so that's T is a bi Li also undercapitalized on a little bit I Got in this out of the gates for a scalp over seven. so I was in this right at 694, sold half at 719, sold more around 720, added back at 720 is sold at 7:24 So I was scalping this basically right out of the gates on this move up to a high of 732, right? So on that one I made whatever it was seven hundred twenty eight dollars right here on those two trades. So actually had five trades today I forgot about that second trade on a bi L So five trades but then it came back up and in double topped right here and broke through that level.

so it pulled back for a while sideways and then it popped up right here. I didn't trade this pop right up here but as it pulled back here I was watching it and the reason I didn't train it is because I thought at the time it was too extended off of its moving average right here. I thought it was up a little bit too much. this was a red doji, but you know what? It broke over 750 and then squeezed right up to $8 so that was a nice clean move.

I I missed it, You know I wasn't being as aggressive as I could have been and you know it's fine. I'm okay with that. but I did miss that trade. so there was that one.

xbi Oh, I took two trades on oops. This one's kind of a similar setup in that the first trade was a squeeze out of the gates getting in three ad scalping up to 405, pullback here, consolidation and then it squeezes back up. alright, same kind of thing. So on this one I got back in and scalp the move up here I added at let's see 434 and it got halted at 437.

from the halt, it resumed higher and hit a high of 460. And that's where I was able to book that thousand dollars of profit right up there. So that was a nice trade. And that's the thing with circuit breaker halts.

As you can see with T is typically when they halt, they opened higher. So this one, you know it halted at a dollar fifty A Halted a Dollar Fifty No. Dollar Ninety. It's not halted.

Ninety seven cents and it resumed at, you know, a Dollar One, So a little bit of a gap there. Then it got a halt to a dollar Forty six and resumed at Dollar Forty-eight So actually kind of small halt jumps there. But it's very common to see stocks when they squeeze up, they halt, going higher, they they halt, and then they open higher. So this has a high now of two dollars and forty cents kind of consolidating under these these highs.

So that was, um, a bi o and X B Il a Bab Al and X bi o and then the last one a y tu. This one was on her scans this morning. it was actually the leading gap or because it had a reverse split. it squeezed up from 550.

Well from a low of five from 550 all the way up to seven dollars on this one. I was watching it at 550 and I hesitated. I saw it pulling back and doing this. kind of like micro pullback right here.

but I hesitated on it I wasn't sure. It then squeezed up to 6 18 and got halted. It then resumed higher at 650. it pulled back and this is squeezed back up over 650 I jumped in.

it hit a high of just under seven dollars and I was able to scalp that move there so on a y tu I was in it 648 right here. Sold is 658 664, 679 651 So it wasn't the biggest winner ever, but just kind of like a small scalp. I Just hesitated down here on this entry at 5:50 because I felt like the spreads were pretty big, the risk felt pretty high and I just wasn't I didn't want to take I just didn't want to give back my profit I was at that point I was already up $1,500 and I thought if I jump into this and lose 50 cents which was possible because the spread was like 505 10 or 504 by 540. So if I lose 40 or 50 cents per share immediately I'm gonna give back half of my morning profit and so I with 1,500 shares.

So I kind of hesitated I didn't take the trade and then end up popping up and moving so you know I again I'm being a little bit more conservative, but the reality is I'm sitting here today is let's see: 1 2, 3, 4, 5, 6, 7, 8, 9 Today is the 9th trading day of the month and I'm still down like 400 bucks on the month I was down 13 12,000, 13,000 at the lowest in the last five days I've made back about $12,500 so I'm still down about $500 on the month and I'm just not in a position to take that extra level of risk right now I have to grind on these kind of smaller numbers I have to be really disciplined I have to follow the rules. If I had started the month with a fifteen thousand dollar winner and I had a big cushion, then I could certainly be more aggressive because if I lost I can you know I can afford it? But right now I can. And so that's sort of an interesting thing. How where you're at on the day, on the week, on the month, or even on the year can trick can strip change your behavior and how you trade.

And on the one hand you might say that that's not good, but on the other hand, it's just the reality of trading. If you've had a bad year, a bad month, you're gonna be a little bit more conservative and that is the right thing to do. It's not a good idea to be really aggressive when you are already red on the month because being aggressive hasn't worked right if that's what got you into the red, which was the case for me. And likewise, if you've had a really great year, you know you do want to amp it up a little bit, increase the size, be a little more aggressive, and try to book those profits because the window of opportunity is there right in front of you and you want to capitalize on it.

So it is to be expected that you'll adapt your risk profile and your strategy a little bit to different market conditions and to how you're personally trading in those markets. And that's kind of what I'm doing here in August. So I would love to see things continue to be strong today. Actually really a great sign for Omentum with all three of the names I traded being you know, giving us some good opportunities.

xbi oh really nice ABI Elle impressive move no doubt and Ayt you. even though I didn't make much on it, had a lot of range and then T is. even though I missed it, it's great to see this. I mean this is what we love to see.

From 80 cent to 2 dollars and 40 cents, that's a crazy move so you know right now I would say momentum is looking a little bit better and if I can get a couple trades where I can build my cushion really nicely right out of the gates then I'd be willing to be a little bit more aggressive. But you know today the first trade on ABI L it was. it was. already up.

it was. well, you know it's kind of a it was up so much pre market but it had also pulled back a little bit here so this was sort of a funny entry point. It wasn't the best setup so just a scalp setup, not a homerun setup. xbi Oh, this one had potential I was being aggressive on it, but it hit 405 and then came all the way back down so it didn't hold up on the first move.

So you know it's kind of been a little funny. Not totally the cleanest day, but definitely seeing at least a little bit more volatility and a little more opportunity than we've seen in the last. well in the first part of August Anyways, alright so that's about it for me and you know we'll hopefully see some more opportunities and I'll be back at it first thing tomorrow morning. All right? I'll see you guys all in the morning if you're still watching.

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