What's up everyone? Alright, so here we are Thursday Morning up 1700 bucks Second green day in a row and let's see. in the last eight days I've had seven green days, so that's solid I'm happy with that. I Would you know like to have not lost $1,400 on Tuesday But you know at this point I've made it back so that's whatever. that's water under the bridge.

Now it's just time to keep grinding. And grinding is exactly what's happening this month. It's small winner here. Small winner there.

The biggest problem with that is the average winners are really small. It's because we're not seeing that. that feeding frenzy the the exuberance where a stock goes up five, ten, fifteen, twenty, twenty-five percent gets halted and opens higher, continues higher. We've seen it a couple times, but for the most part is this sort of subdued, kind of lazy price action.

And that's you know. it's not just, it's a little typical of August but it's also just sort of typical of a little bit of a lull before the next hot spring. So my job right now is just to try to continue to book profits, be consistent, and not allow myself to have one big loss because that one big loss will wipe out five or six of these small winners. You know I can grind down small winners, but not if I have big losses.

So it got to be that much more diligent about equality setups, getting in, taking profit, getting out quickly, and not overstay my welcome. So I did today pat on the back for that and I want to do it again tomorrow so I can finish up this week strong and feeling good. All right. So you guys enjoy the recap.

Any questions, any comments, leave them below and I'll come back and answer them later today. All right, Enjoy. All right everyone. So we're gonna break down the trades from today.

You know, another pretty slow day. We're definitely in this kind of lull of mid-august trading and you know it's okay. I'm up 1,700 bucks. That's certainly not a bad day, it's just it's slow and I'm not seeing these big winners.

even two weeks ago, I was having well-well, even last week. I had a couple back-to-back really great days Tuesday Wednesday Thursday and Friday I made $12,000 between those three days back in July I was having back-to-back 5,000 10,000 You know, $8,000 days. So these $1,700 days certainly feel small in comparison, but at the end of the day, its profit. And like I said yesterday, if you could just manage to keep your head above water and to stay green during this type of market, you're doing really well.

So the two stocks I'd trade today T is and Bo XL and neither of them were on the watch list this morning. The watch list was actually pretty light every day, you know for US starts the same way going through the Gap scanner. so I'll go to historical data on this. We'll run this for 9:15 a.m.

and you'll see exactly what I was seeing this morning when I got up and I was getting ready to trade. So you know we had a and AM WS MMT s PCB The problem with A and W is that the floats 32 million shares. That's a little on the high side. SM MT was interesting Spc be so so GSM floats too high Evie Okay, now Zoe's prices too high Float too high Float too high Float too high Float too high.

Not enough volume. so you know basically price is too high. Floats too high, Floats too high. you know? So pretty much these were the only ones that were even.

Sort of interesting and that's never a good a good thing when you're pulling up your Gap scanner and there's nothing that looks awesome. So Anw I pretty much was like I don't think I'm interested because the floats too high. but I do like the pre-market chart pre-market this is a bull flag so if it breaks over 260, I'm interested. So I had the order ready to go 260.

The bell rings and what happens, it sells off so it doesn't trigger an entry for me. In fact, it shows two pretty clean bear flags there. actually grab screenshots of that for our class, but definitely not strong to the long side so no trades on that one. SM MT pre market chart was only so-so it was already starting to stair-step down and it just continued.

When the bell rang, it did pop up for a minute but to continued lower so that one was no good. SPC B This one not enough volume pre market and it just kind of has sold off. So this was one of those days where I had a couple that I was watching but didn't get any follow-through and didn't get any trades on them. So then we had T is this one popped up and when it first popped up, it wasn't on the scanner until three dollars.

And that's because this is one of those times where the very high relative volume from this day right here ended up making it. So this stock today didn't have high relative volume until it was finally breaking over $3 But as you can see, it squeezed up from 260 to 3. So this is one of the areas where I Do think my scanners could use a little bit of work? It's just if I reduce the the relative volume metric on this, then the problem is au is screenshare frozen? Yeah, I See that? Hmm. interesting.

What I'll do is I'll just screen share my main screen here even though I would normally do it. Um, I'll just do it like this for those of you guys in chat. Okay, so yeah so anyways so T is the the problem is if I decrease the relative volume filter then what's gonna happen is lower quality stocks will be on the scanner so I kind of don't want to change the scanner settings but I am aware of the fact that when we have instances like this where you have a big breakout for sure this is gonna be on the scanner on this day. but then on these days the relative volume is always lower because it's factoring in the high high volume from the initial breakout day.

So in any case, I saw it on this on the scans at 3:00 but I saw it earlier because someone called it out in the room at a two of two dollars and eighty three cents and initially I was like hmm, not sure I trust it but I'll give it a stab and so I ended up jumping in at 90 I got filled at 95 I had my order at three. it pops up to 309 right through here breaks through three pops up to 312 I sold 1,500 shares at 309 I tried to sell it 311 in 309 and I didn't get filled so I had to cancel my orders. that's me trying to sell on the ass to get the best exit. So I had to cancel all those orders ended up hitting the bid at 306 or actually no I I got on the Aska 306 the price dropped down here to I don't know three 302 or something like that.

So I'm on the ask I got a partial fill at 306 a part a fill at 305 and I'm trying to just kind of unwind the position and then I added back at 309 as it started to surge back up right here. So again, for those of you that are in the class, this these two candles right here. this is a micro pullback. It might not look like it cuz it's just two green candles in a row, but it is.

Now if we break this down, let's see. let me duplicate this window just for a second. Did that? Oh it's just. it was really taking its time to think about it.

So I'm gonna change this one to a 10-second chart. all right now again. I Don't trade off ten second charts I just use them when I'm trying to show you guys stuff that I was doing in the middle of the day. So let's back this up here all right.

So what I said was that this right here is a one-minute micro pullback. So now we're going to dial that in and look at that little window of time. Okay so what you see here is it popped up to three twelve. That's the high of this candle right here.

so this was the high. It then pulled back. this is a micro pullback and I added at 3:09 as I started to see a volume coming back in and it curling and moving higher. Alright so I'm in there.

It pops up to 3:19 ended up selling it 311, 312 and then I added back at 317 and 320. when I added back, that was right here on this little micro pullback, it popped up to 323. It did not hold that level and so I stopped out at 3:20 and 319. So this trade was a small loser.

Actually know that trade might have been a small winner. Small winner on that trade. A small. So let's back this up.

So a small winner here, a small winner here, and a good-sized win right here on this one. When I got in at 95 or whatever that was. So actually I think I got in a little bit before that it tapped three, it pulled back for a second, there was a 20,000 share seller at three, and then finally it broke through that level. So I actually got in like right here anyways.

So so that was T is and it ended up squeezing a little bit higher hit a high of 25. I did get back in it. oops, it dipped down right here and then as it surged back up. I got back in because sometimes that fakes out early short sellers.

So on that one, I got back in at 23 with 3000 shares. it didn't hold up very well and so I got out at 24 2:22 Alright, so those were the trades. Auntie is next one was Bo XL this one we were kind of watching just because it had had a pretty big day yesterday and I thought it was worth watching for continuation I wasn't sure it would really work, but evidently it's really sold off quite a bit here. But anyways, pre market it was kind of holding up there and then it put in this little pre market candle with a pop up to 537.

All right. So the bell rings and it pops up to 560 right here and then it pulls back and then right here I decide to get in for the first 5-minute Campbell to make a new high which was right here. So as as this Campbell made a new high I was getting in at 543 and 554 the break of the first camel make a new high I was in a little high it pops up to 568 and I sold half at 5:59 and that ended up selling more sixty again having a really hard time getting out of this one on the ask. ended up hitting the bid, selling the rest at 46, then it goes sideways for a few minutes and it curls and I get back in for the break over 66.

so that was right here for the break of high a day. So I get back in at 66 I try to sell it at 73 because immediately even though it pops up, it doesn't feel strong. It ends up squeezing up to 495 90, but it just was not easy to trade. I was just getting tons of partial fills I got back in at 585 590 and sold at 590 because it didn't really convincingly break that level.

hit a high of 595 and I think my best eggs it was like 93. Uh, actually no it was I tried to sell at 93 and I didn't get filled so I guess 90. So in any case, you know I just felt like at this point I had taken like five or six trades. none of them were big winners.

They were all kind of these little small wins and you know the problem with that is one loss with 6000 shares. could give back half of my profits like that. I mean it really could happen fast so you know I was like at this point I'm just gonna throw in the towel. it's getting close to 10:15 as we got to 10:30 I just said no I mean I'm gonna be done I'm not gonna push my luck I can always come back if something really shows strength.

but I think I'm gonna you know, do the smart thing, book the profits and of course I'll you know, be back at it tomorrow. So $1,700 is good. that's green. 1700 a day keeps the real job away so that's great news.

It's the 150 first trading day of the year, still averaging about $2,600 a day, which is good you know I've had some days last week that were well above the average Monday was above the average. The last three days have been a little below my 25 $2,600 average, but you know at the end of the day it's it's not that big of a deal because I know I'll make it up on a hot streak. you know, a little further down the line, whether it's later this month or it's in September whatever. A lot of traders have been asking me about this sort of slow summer trading.

how long will it last and generally this type of trading is. it goes kind of a couple, have a couple of slow weeks, and then all of a sudden you'll have something that brings out this new round of momentum. Gbr last month or in July This certainly brought in a pretty big round of momentum. As traders, really, we're just, you know, feeding frenzy on this move from a dollar 50 up to 12 of course a WX you know followed.

So I'm sure that if we start to see something like this happening where a stock is really strong and that's strong the next day, the next day, and the next day, that'll bring traders out if we end up seeing. you know SEC filings about form threes or form floors or whatever it is that might you know, make people a little hesitant. KB SF As soon as that 13 d was out, this thing sold off hard. you know, So it's like.

it's kind of funny how the 13 D creates this move pre market and then rolls over so hard it's sort of bizarre. It doesn't just roll over pre market like obviously with PTI yesterday there was secondary offering and this thing after-hours or pre market. whatever was drops. it goes from $2 to $1 and you would almost think that would happen with the 13d or the form 4 because of what you've seen here.

But for whatever reason, they move after hours and then it's pretty much. it's when the bell rings that they really, really dive. So Awx was another good example. It was strong pre market and then I mean this mom Actually I'd have to go a little further back, but anyways, so you know, be kind of interesting to see what the next one is gonna be that really catches traders off-guard and becomes a big mover.

I You know I Can't wait for it because we've definitely been a little slow for the last you know, week or so. but being patient is an important skill to learn this trader. So reminder guys: today: 1:00 p.m. Eastern In like an hour and a half, we're gonna start our last online training workshop for the month of.

Well, it's the last one for the summer. Well, if you consider the summer June July and August which I think I kind of do, so that's gonna be 1 p.m. Eastern I Put the link for you guys to register in the announcements tab and for those of you on Facebook I put it in the description so we'd love to have you guys be there. If you've attended one of our workshops or webinars in the past, this is certainly gonna be pretty similar.

but you know I Always try to add some new things and stuff like that and if you've never attended one I would love to have you join. Okay, so that's coming up at one o'clock today and then we'll be back at it first thing tomorrow morning. Free market analysis around 9:00 9:15 and hopefully we'll see a couple of decent setup so we can finish the week with a couple green trays. Finishing the week last week with 2800 dollars or so on Friday Kent I think that's a well I don't know if that's a zero or six, but in any case, that was a nice way to finish the week.

and I'd love to finish the week here with a green trade tomorrow. So I'll definitely be hunting for the momentum in the morning and hopefully we'll see something to trade. All right, So that's it for me. I Will see you all Hopefully I'll see a bunch of you guys at one o'clock during the workshop and the rest of you we'll see tomorrow morning.

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