What's up everyone? Alright so here we are. Today is the 58th day of 2019 and I'm up nine thousand Two Hundred Ninety Nine dollars sort of Green Day in the main account. a little bit of a red day in the IRA I took I forget me now right after first minute trading so we had two minutes of trading I promptly lost seven thousand dollars in the IRA and I was like I'm gonna press the restart button mentally and on my account shut off the main of the IRA switch to the main account and just kind of sad type a little bit just like a limitation and starting at 10 A.m. I just started the day over just start over 10 a.m.

till 11 a.m. I made nine thousand two hundred Ninety Nine dollars and that was a great day. So the kind of lesson here is maybe slow down in the first couple minutes. The gap and go trades that typically I really like have not been giving me the big breakouts in the first two minutes that I'm usually expecting and sometimes you know you just gotta kind of step back while momentum shifts generally what I do is when we have this shift momentum where a set up stops working I stopped trading it I wait for it to start working again and once I see at least one or maybe two setups that work really really well and then I'll get back into it so it means I'll probably miss the first one or two that really do a great gap and go but in exchange I'm not gonna keep losing money if it keeps being a difficult set up for the next you know, five or six days or whatever the case may be and that's a really important thing to be able to do is is adapt to trade the market you're in, not the market you want to be in and to trade the market not your P&L And that's where I made my biggest mistake in the last two weeks.

I Started training the Million Dollar Challenge and I wasn't trading the market that was right in front of me. I Think a lot of stuff has been going through my head over the last couple weeks getting really close to this million dollar mark and you know it's it's really kind of. you know. Psyched me out a little bit.

I Feel like I was the think about? Just imagine for a second that you're a tightrope walker and you're doing one of these big tight ropes. Let's say it's like across the Grand Canyon or something and you're doing it Man, you're 90% of the way there, you only have 10 feet left and all of a so you start thinking whoa, I'm doing it I'm almost done I'm almost done and you psych yourself out. You'll lose your Center and you fall and die 5 10 feet away from the finish line. That's kind of what I feel like with this big challenge I got so close to the end that I lost my Center Now fortunately I've got a safety net on so you know I didn't drop that far.

Yes, I dropped. It's gonna have to. You know it's gonna take me some time to get back up, but you know it's not. It's not like it's all over.

it's just a little bit of a setback. but I lost my Center I started trading my P&L instead of the market. So really good takeaways from all this and I'm gonna do a video later this week or over the weekend. I'll probably upload next week on kind of a lot of the thoughts that I'm having around this this big milestone because it's affected me in ways I really didn't expect.

It's caught me off guard a little bit. but in any case, today is a green day. So I Hope you guys enjoyed the recap. As always, questions or comments leave them below, give me a thumbs up and subscribe to channel for live alerts I'll be going live tomorrow morning 9:15 for pre market analysis.

Alright, see you guys All right our once So we're gonna do midday market recap here. Go over trades from this morning I'll finish the day up Nine thousand, two hundred ninety nine dollars and sixty cents in my main account which is a great morning. PLA G Good winners there CL WT decent winners there CIFS not bad h IH o Small loss, you know and I've kind of trained myself to kind of you know, forget things quickly. so really not even thinking too much about my IRA this morning.

But I did take a loss in the IRA on CL WT right out of the gates and you know it was that kind of point where I was like, well, what do I do now do I keep trading or do I call it a day And today was my first day of Trader Rehab. I'm not sure I get a gold star for today I Suppose that all's well, that ends well, but you know it was a little bit of a tricky day so we'll look at the IRA I'm not gonna focus on it too much, but we will take a peek at it and we'll go over these very first trades here. and that I took things let's see on CL WT So alright so on this one. This was our Gap scan this morning.

It was actually let's go to Historical Timeframe Coops, right? right? Click timeframe Historical 9:15 A.m. So here are the rules with and I am wearing all black moment of silence for the IRA account. It's taken quite a beating this week I am morning. Today being the first day of Trader Rehab.

here are the kind of rules of trade: a rehab trade with small-sized breakout or bailout. get out quickly, focus on confirmation, focus on high quality setups As soon as I'm green, shut it down walk away. So today wasn't really, even though today was the first day of Trader Rehab. I didn't really trade within Trader Rehabs super well because I I think I was just scalping a little more aggressively once things started to open up.

But anyways, well, let's look at CLW t fir. So generally Trader Rehab is something I'll do after a really bad red day or a really bad red week or a really bad red month. This is gonna be a red month here for for March which is very disappointing. It's my first red month in over a year, but you know it, it's part of the deal with trading as aggressively as I trade and that these these types of losses will happen.

So anyways, leading gapper this morning's E LWT and I mean I looked at and I was like hmm this looks kind of like s XTC yesterday. However, I didn't want to form a bias because sometimes when you form a bias and you're like well, this looks like this one from yesterday and it can really screw you up and then you start missing opportunities. So I was like you know what? this is different SXT See, yesterday didn't have a lot of volume pre market CL WTS Got 1.5 million shares of volume pre market and it's holding up pretty well. It's got a pre market pivot right here at 789 so the bell rings with a pre market high of this five minute candle of 777 and so I was like okay this looks pretty good so I went ahead and jumped in it in my mana care my IRA account and let's look at what happened in the first one minute of day.

this thing it pops up here 289 so it first five-minute Campbell makes a new high so I take six thousand shares I take my trade here six thousand shares I'm in at 73 and 82 I see a seller at ninety so I'm like I better try to sell half at 89 I don't get filled and then I hit the bid at 35 and I stop out of the rest of it a minute later at 650. So with small sized starter size of six thousand shares I lost seven thousand bucks. How frustrating. Hey you know this thing drops down and then it doesn't red to green move and it squeezes all the way up to ten twenty and so this is where I was like all right, you know what I was like Okay, let's just let's just start over.

Let's just put today behind I'm just gonna start over I'm gonna start this day over, you know, just brush it off. whatever doesn't matter. Okay, that suck. Let's just start over and I just started over I Just switched to my main account and I just started over I Just started the day as a brand new day and as a brand new day.

I had a good day. Now how bad start to the day but I had a good bounce-back so see LWT I Traded through this move right here and made about thirty 100 bucks which was great. PLA G this is another one that was popping up on the scanner. It was the second-leading gapper.

I Didn't trade it right out of the gates, but I traded it right here. Really solid entry. I Jumped into this at Five Fifty right here. Boom.

Look at that move straight up - - 673 and then up to a high of $7 Five thousand Five hundred bucks. Really solid on that trade, so felt really good on that super clean five-minute pattern. Didn't rush it, stayed focused. That was my first trade.

five thousand dollars of profit and then I had the CL WT trade. at that point I already had a coat, the name or on the day traded it through here and then traded it again right here. This was probably my best entry getting into it. Let's let's go back here.

I Had a couple scalps here with smaller size but this 987 Yeah, this was my best entry on this one. Really, really happy with this entry. Calm, cool, Collected. Bought it right here.

That little pullback from there it goes all the way up to 11 71 I Got in at 9 87 so I was watching this five-minute pattern forming right here. this little consolidation. I really believed if it broke over 10, we'd immediately break 10:35 and then we'd hit Hi a day of 10 75. That's exactly what happened I jumped in right here at 10.

The price was 9 87, the time was 10 1103 Jumped in on this pullback. Boom pops right up there to a high of 10 93. Does a little pullback I add there for the scalp up to 11 65. No circuit breaker halts but that was a super clean trade.

So I feel really good about my tricks I am disappointed that I started the day in the first two minutes having that really, you know big red trade I'm up two grand on the day I Know I'm up Ninety two hundred in the I are in the main account, down seven grand in the IRA. So you know this is the day that feels good that feels great. Good job! This day over here doesn't feel so good and this is not that unsimilar to what happened yesterday and what has happened on other days. And of course you know I made money on that same stock and so I think you know maybe the lesson is right now to not be so aggressive in the first couple minutes of the day.

you know and again, it's not to say bid in the first couple minutes of the day. I haven't had trades where I've made 10 or $15,000 I Mean let's look back at Z Ki n this was a really good one. Have to go back little ways here on it. It was this day here.

let's see I mean this one. This one was like basically you know what the type of stuff you dream of Gap and go trade in at 283 squeezes right up to 4 dollars and 20 cents right out of the gates. Gap and go just boom. So the strategy works.

It just right now feels like we're in a little bit of a lull where for whatever reason added the gates. these ones seem to be getting knocked down and then we're seeing a mid morning search and we saw it yesterday on RBZ you know are actually no. I'm thinking I'm going back to yesterday yesterday on RBZ knock down out of the gates but afternoon Power Hour squeezes up to 40 bucks. We saw something kind of similar on hunt afternoon Power Hour we saw it on CTRM the other day as well.

You know, week out of the gates and then a search up. This is not price action I'm really typically used to dealing with because generally we see great momentum right out of the gates generally speaking, but the last couple weeks has been tough and you know yesterday I was like SXT see I liked it and just right out of the gates got crushed and today I was like well here's the thing you know if you say you're not gonna trade it I guarantee you I'm gonna be like nope, not gonna trade see LWT out of the gates these things can go straight to $12 and I'm gonna be like you know, Why am I creating new rules for my trading for a strategy Been trading for years and years based on something to happen on one day or on one week, right? It doesn't seem like it makes sense. You know if you let's just say you're a race car driver and you know you've been driving a Honda for the last racing a Honda for the last five years and then you crash the Honda with Honda's I'm switching a Toyota Like you don't do that, you don't just throw you know the baby out with the bathwater. You know you don't throw away what works, you just say okay well clearly something happened there that you know was disappointing.

You really step back Yuri evaluate you make some adjustments and then you get back into it. and so I think the takeaway right now for me, you know today's like you know I'm green you know, thank the Lord I'm green. But the takeaway I suppose for right now is to be a little more careful right out of the gates because we've been seeing a little bit less of the predictable action and in fact some of the more prediction predictable action has been mid-morning and in fact some of it has even been going into the afternoon. which is difficult for me because that's you know when I'm usually working with students, but you know at the same time if that's when we're seeing more opportunities I may have to change my schedule around I think see LWT is probably gonna fade I don't know that we're gonna get power our breakout on it.

it's 1:30 in the afternoon. Now you know the rest of the stocks today. CIFS made a little bit on this one. You know it's a nice daily chart, but it's been trading kind of more thickly than I would have expected, so it's not been opening up really really well.

High a day right now is right around for sure. It's tempting to take a trade over that level, but I just don't think it's gonna be worth trading. So I did put my two thousand dollar max loss on my IRA account yesterday and again this is one of the things that I I'm gonna be honest I struggle with this yesterday I lost 10 grand on my first trade I kept trading and finished the day down 16 grand Monday I lost 2800 on my first trade I kept trading and I finished the day down over 5,000 dollars today I lost 7,000 on my first trade I kept trading and I made back like ninety three hundred. so you know in total this week.

I guess I'm breakeven with continuing trading making back nine grand today but losing six grand and then like three grand on Monday It's very hard for me to know what the right thing is because when you lose like I did you know seven hundred, seven thousand bucks on CL WT in the first five minutes there's a part of me that's like, well, that's it. You know you're below your $2,000 max loss even if I wanted to take a trade. you know, put an order down here just to show you it'll happen. Boom, it's gonna.

It's gonna say that's just a little org down here. cannot place any any long position I can't take any trades, my account is locked and I think that that's you know I think that that might be the right thing to do because if I kept trading in this account, I'm gonna be trading this number right here and so that's kind of where I was like restart, press the restart button. It's a new day. This account is at zero so it's a new day and that just kind of compartmentalized the loss.

just put that on a shelf and put that away and I started over. So maybe and we'll see what happens. but maybe that's an okay thing to do to have my max loss in each account and you know if I'm down two grand in this account, you know? Okay, I guess I got a second chance in the next account if I lose two grand in that one, then I then I'm really done for the day and time will tell whether or not that works or not. It worked today and the reality is, we did have a lot of great opportunities and it you know sucks that I you know, hit my max loss in the first five minutes and I felt that I was being conservative with only 6,000 shares.

I was like I'm being conservative. this is Trader Rehab. Six thousand shares is max size but you know I lost $1 per share. so you know I'm I mean you guys are seeing it.

You know firsthand. I'm trying to figure out and trying to start navigate these waters. I'm not really sure exactly the right way to do it. It's been a long time since I was in Trader Rehab.

no doubt about it and this wouldn't be. You know the best start to Trader Rehab because I kind of relapsed in the first two minutes of the day. but I was able to step back and take a breath and then kind of, you know, bounce. You know, get back into it and when I got back into it, my first trade wasn't until 10:05 so I actually waited about half an hour before getting back in and then yeah, I took nine thousand shares.

So you know I was like, well you know this is a great setup and it was. no doubt about it. was that a great setup Absolutely super solid, but you know it's one of those things. Rules are rules.

so I don't know I'm not really sure, but focusing on equality setups, moving a little further away from the open. um, you know and I guess we're the only place I would say I made a mistake on CL WT was not selling fast enough you know and again, this is the issue where as fast as stocks dipped down, they rip back up right here was back at 750 you know? So it's like man do I really want to stop out of this thing and I just kind of looked at this candles it got more red and I was like oh man, this is a bad start to the day with that big red candle I don't know this thing might fade like CLW RCX TC yesterday. Maybe I should just cut my loss and so then I just finally cut it So you know, a little bit of a little bit of a struggle today. a little bit of a struggle for me to find the right, you know kind of path.

This type of volatility is what I love I wish we had gotten it out of the gates I had to wait a little bit a little while for it and you know this spike here actually didn't even trade this. Now that I think about it I didn't trade this I didn't take my trades until right here I took a scalp like right here I bought this dip I halted going down I bought it coming back up and then I traded it again here I skipped on this one because I missed it right here and I didn't want to buy coming out of the first haul, it got halted three times in a row going up. so I held my held my hands on that one, didn't trade it but then bought the pullbacks. you know, right right here right there and right there.

so those were cleaner setups I Mean this was obviously a five minute flag pre-market but right now seems to be a time to be a little bit more careful about free market trades of course as I say this tomorrow like I can basically guarantee you we're gonna see a Z ki n where it's like a gap and go and it's gonna rip like $3 right out of the gate. So I'm gonna be sitting here sitting on my hands so I don't know, you know I don't want to rule out the opportunity to trade in the first few minutes, but deferred. The volatility that we're seeing in those first few minutes is so high that I think that I need to compensate it with smaller size and perhaps right now just simply wait for the first pullback because if the stock truly is strong, it will give you a pullback opportunity and then that that'll be the the place to take. you know the next trades.

So anyways, you know that's it for me here today. you know, a green day. a nice a nice move in the in the main account. In fact, this account this morning only had about 30,000 dollars in it.

So it's up thirty percent. Thirty percent gain in small account in my in my main account. so you can see what. Let's see what was that.

She don't even see where my account balance is - it took it off of there. but it's right around thirty one thousand dollars. so you know, nice there. but you know, disappointing on the IRA side.

So I've got it. I've got to try to tighten that up. I Want to mostly be trading in the IRA but you know this is just kind of where I'm at right now. It's a little bit of a grind and I'll do a video probably tomorrow or maybe later today about, you know, kind of some of the internal process that I'm going through right now being so close that half-million-dollar spot and then you know, pulling off that level.

Definitely a lot of stuff going on that's probably influenced a lot of the trading that I've done recently. So I'll do a video on that probably post on Facebook or something or on YouTube. But and I did post a video yesterday driving with Ross video which was primarily about my big loss last week. So check that out for those of you guys that are interested and I'll get this recap uploaded and I'll see you all first thing tomorrow morning.

We'll try to finish up for finish up Friday and the last day of March with one more green day. you know, see what we can do. Try to make it a green day and a green finish to what has been my worst month in over a year. So I just put this month behind us and move on to April.

Alright, so that's it for me. I'll see you guys first thing tomorrow morning if you're still watching. You must have really enjoyed that video. So why not subscribe and get email alerts anytime? I upload new content.

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