All right. Well, we just got our first Real Momentum stock here in like two weeks. I didn't trade it very well. Uh, but I am green on it, which is good.

A little shy of the daily goal. Well, I guess it depends on what my daily goal is. Uh, sort of had to adjust the daily goal a little bit during this cold stretch that we've had for the last two weeks. But let's talk about Gfai.

So Gfai currently is up 115 percent, hit a high of 18 and um, you know that was. that was pretty impressive. My first trade on it was at nine dollars and 20 cents I Tried to buy at 8.75 and I did not get filled on the order. So when it first popped up here, it came up on our scans early this morning.

I really wasn't looking like we had much of a watch list this morning. I Mean the watch list was pretty dead Gap scanners weren't that exciting if we look at the Gap scans here. Oh I could pull up. Um, all right.

so Top Gappers, This is our Gap scan as of this morning. Indo Brn these are all energy stocks GFI AI was on the list but it was way low and it wasn't really that interesting this morning. I didn't even look at it. Um, there was no real reason to look at.

it didn't have much volume. there was nothing going on, you know. But then all of a sudden, um, at the open, it popped up and you know what? I thought when I first saw it pop up I thought all right this is going to run into volume weight, average price so I was thinking this looks like that's it, it's debt and but you know it, it actually got just above V web um so it comes up here and it's sort of holding like just barely above V-wap and then all of a sudden it starts to pull away and where I thought it was going to fade and be done in this candle Here some volume came in and I I tried to get in on that candle I did not get filled and I was like ah shoot so then it breaks over nine and I was like wow okay here we go and as it broke through 9 20 I got in with a stop at nine dollars. All right so first entry is at 9 20.

stop is at nine and it went up to 9 58 and halted up so I took most of my profit off the table. it resumed and it sold off back to nine which initially I thought okay this is bearish It's selling off back to nine but on the other hand I thought you know for anyone that shorted up against V web uh they're still red on it here at nine and what ended up happening is we got this kind of slow curl back up right here and then it pulled back and it came back up again and what? I saw in the one minute uh was a series of topping tails. So on the one minute it's great to have something to talk about because um, you know we really just haven't had much to discuss in the last two weeks because the Market's been so slow. So this hit a high here.

but big red candle. So high volume red candle. higher volume than the green candle going up I was like I don't know, that's not great. Maybe just be grateful for what you made on it.

don't overstay your welcome, whatever. Uh, ends up. But and so by the way, my P L is 2786.66 My daily goal has been traditionally five thousand dollars a day, but in this market, realistically, fifteen hundred dollars a day? a thousand is great. So you could say I'm over my my goal based on that.

Anyway, so it sells off, but then right up here. In addition to having this red candle, you've got these topping tail candles. and so this kind of creates a situation where I'm thinking all right, what's Market sentiment? Um, generally speaking, Marcus Sentiment for the last couple weeks has been very bearish. Stocks haven't been holding up.

Now you've got a stock that has a red candle here with high volume and you it tried to come back to 950. You've got two topping tails. So I'm thinking now this, this is just. it's too risky here.

It's not safe I don't think so. Uh, but uh, it comes back up here and right here as it came back up. I Thought you know what's probably going to happen. It's probably going to hit 955 and then flush.

you know I don't know if it's gonna go down that far, but it's probably going to hit this level. it's going to drop and so I was surprised that it went up to 10 23 and halt it up I was like I didn't see that coming. That's awesome. That's great to see.

So it's now halted up at 10 23 and it starts showing a 950 resumption. And I'm like 950 resumption. It's halting up. It's showing a low resumption.

What the heck, What is this game? What is going on here? Why are we seeing this? So it ends up resuming a little lower. It rips through up to 11 and I just thought I don't know. this is weird I don't know. And the problem here was that now we're seeing bigger spreads so you know the ask would be like you know, 1190, you know 1098 but the bid would be 10.72.

so you've got you know, 25 cents spread and I was like I can't get in here and punch it for 11. I'm gonna be down 25 cents on the bid right away I Just I can't do it. The risk is too high and we've already got you know, six green candles in a row so it ends up extending a little higher and then it flushes down again. So I'm thinking okay here we go.

This is similar to what it did before. comes back up a couple of dojis and I say you know what this looks like it's going to be a long over 20 and 18 cents and sure enough, it breaks 2018. uh, but it didn't take that trade I hesitated I was like oh man I don't know because it had dropped here down to 11 58 and I thought you know what you're up to Grand just stop. Just don't don't push it.

Don't push it. just be grateful you're green. So anyways, it goes there up to 1321 and I'm thinking all right. well boy, if someone was short here, you know where do they stop out goes up to 14.

goes up to 15. it halts up here at 14.53 and it shows immediately. a 1350 resumption, A low resumption. again.

that level climbs back up and by the time it resumes, it opens and squeezes higher. So I ended up getting in up here on the micro pullback at 16 I think it was 16.50 It goes up here to a high of 1750 up to 18. ended up making about 500 on that trade with smaller size. That put me from 2200 up to 2800.

I then took a dip trade with 500 shares and lost about 100 on that with 500 shares. Yeah, so small size. not a big deal. Uh, comes back up and right here I thought again ah 16 22 if it breaks this level but you know I don't know I don't want to push it I just don't want to push it I thought 200 moving average here we're going to see resistance so we actually got through that level which surprised me.

Um, you know I mean it is. It is holding up but it doesn't feel like it has good reason to be holding up and you know this gets into having a bias and this and that. anyways. I I for sure left money on the table and every day you're doing one of two things.

you're leaving money on the table. You're giving back profit I saw one student mention you know what guys I'm starting to get fomo I'm green I think I'm going to shut it down and walk away and I think that's awesome that is. That's very good self-awareness because you know what you don't want to be the person who markets in with 5 000 shares at the top and a second later you're down. you know, 10 grand.

It's just not worth it. So what I sometimes find is that when we've had a real long cold stretch when a stock starts to pop up I don't usually trade it super well because I'm still kind of like a little cautious, but you know then the next one and the next one and the next one I start to jump on a little faster I start to be a little more aggressive and then that's when we can start to go into a hot cycle. I Don't know if that's going to happen, but seeing a stock go up 130 percent is great. It's holding right now.

Um, you know we could look at um see if they have a S3 shelf registration. So right? So let's look at the chart again on this for a second. Um so all-time highs all time. you know, way way up here.

Wow, it's like almost 200 a share. Well looks like there's a split right? So they had to do a split. It was a 40-1 split so it ipo'd and then just sold off hard so you know. Wow! And their last Financial filing was July it was for the year it was for end of 2021.

so that's that's a foreign company. so um really behind on seeing what their financials look like? Um, you know it makes it makes you wonder a little bit what the condition of the company is today. this is 2020. This is 2021.

a lot has changed I mean just in terms of the marketplace in the last 12, 13, 14, 15 months. So yeah, I don't know I I would wonder um this isn't something I would be swing trading to the long side I would not be holding this I'm happy to day trade it. take some quick trades, get and get out but certainly does seem like there's could be some risk on it. It's not very clear.

um let's see what we had here, right? Yeah, okay so I don't know we'll see what it does, but I think we probably got um I think I left some money on the table for sure. Um, but it's better than giving back profit. So green day is good and we'll just have to see um if this becomes a trend and we start to see momentum in other names. the S P 500 pulling back a little bit right now but overly overall nice move.

q1 green. Um so from January 1st right here you know finished q1 here so that's nice. From about three about 380 on the S P up to almost 410. so you know 30 points that's not bad.

that's like eight percent. that's pretty good. And then Q4 last year from October 1st uh through December you know it was green. Of course we started by, you know, going a little red and um or no let's see it was green but only.

But so we finished going a little bit red and then we came back up and then we had this banking Regional banking situation here: Market Seems to be shrugging that off a bit so you know overall markets coming into some interesting levels. I was kind of watching um this ascending support trend line right in here. Something like that. and then we had this descending one up here, right? So kind of held above that.

So now we're dealing more with um, pivot levels. So we've got pivot around this area because I use my drawing tool for the same Button as my Um. So right around there, we've got a pivot, another pivot you know, a little further up. so you know there's some levels here.

All-time highs on the S P regular trading hours not pre-market So you know you start to kind of get this dialed in. You realize that um, yeah, of course inflation is the big question mark, but I don't like that line I Gotta tighten that up a little bit, you know? I Don't know what this year is going to give us, but we're one quarter in a couple small, a few months of small gains relatively speaking, coming back up. So next pivot that we're closest to is the high right? here, you know? I Just kind of look at this as the rising tide that lifts. All Ships Just the general nature of the sentiment in the economy.

When you've got, you know, General Pessimism. It's going to weigh on small cap companies and that's going to hurt them. You've got uh, strength and optimism that's going to help small cap companies. It's going to help, um, you know, investment in those small cap companies and it's going to keep them going.

So right now, we're in a period where certainly a lot of small cap companies have struggled. We're going to see offerings that's going to be common. They're going to need cash. That's part of what.

Silicon Valley Bank struggled with. You know people, these small cap companies needing cash. you know, withdraw cash. Not getting a lot of cash infusions right now.

so we are in a little bit of a difficult spot. But I'm grateful to start the month here of April with a green day, even if it's a small. Green Day Relatively speaking, it's a good day, and relative to the last two weeks, it's a great day. Relative to the last two years, it's a terribly slow day, but it is green and I'm happy for that.

So let's see what the week is going to give us if we start seeing things moving a little faster and pulling away happy to step up to the plate if it gets choppy again. I'm happy to sit back and be on the sidelines. My goal for the month, you know, I'd like to be at 40 000 in profit. That's ten thousand dollars a week.

So in theory I could do that in four good trades this month now I'd have to be willing to step up to the plate a little bit more than I did today. But um, you know, four to five good trades uh, could certainly put a really nice dent in my goal on the month. What is going to hurt me is if I have days like I had a few last month where I started over trading low quality setups and digging myself a whole and then you know there's not a lot of opportunity to recover when it's slow. So I'm definitely aware of this challenge in the market right now.

for small cap Traders there's just a sort of inherent slowness and that started with the banking crisis. and uh, until we kind of get a sector that really starts to pick up, it's going to be probably a little slow. So this is the time to be patient. Someone said earlier, being patient is not just about waiting, it's also about having a good attitude while you wait.

I said I Never heard that definition before, but it's also not a bad idea to try to have a good attitude and we're going to be sitting here either way. So you know if you want to sit here and be sour and be in a bad mood and it's your right to do that. But you know if you could try to keep your head up and be optimistic and use this as a time to study. That's also not bad either.

So you know, open up the simulator, practice a little bit in the simulator. some of those riskier setups today was definitely an opportunity to gain some experience. and um, you know I think it's it. makes sense to try to at least make the most of these windows.

Nogn moving up. Now this is one of my struggles with these. um, very, very light volume. so it's up 126 percent.

Gfai has 14 million shares of volume. Nogn has only 700 000 shares of volume, and you know a lot of that volume has just come in in the last two minutes. So these are tough. You had one halt up, two halts up, it opens higher, it dips.

Now it's going a little bit higher. unfortunately. these ones. this is a liquidity problem.

You see the move and you're like a son of a gun. I could have made 10 000 bucks on that and you know, yeah, you could have, but it's hard to get filled When you when you don't have a lot of volume, it can be hard to get filled. So unfortunately that one's gonna have to go without me. And but you know, maybe this is one of those days where you see a few of these sympathy momentum stocks pop up and Traders start to jump on them.

Maybe could be, but you know, be careful. don't ever stay your welcome. If you're green, be grateful and live to trade another day. That's what I'm going to do right now.

This is interesting. So Nogn was just showing a 581 resumption, halted at 671, and then showing 580.. right? So you know seeing stuff like that? uh I don't know. something weird Right now it's showing a six dollar resumption 70 cents lower I Sort of think that there's um, something sketchy going on with some of these I don't know I'm not sure.

Seems like market makers are doing something weird, like trying to like flush out Traders or something I just don't I don't know something weird. So anyways, when I start seeing that, that also makes me a little hesitant. All right. Well, uh, that's it for me.

Grateful to be able to do a recap and have something actually worthy of trading. Last week I took a total of um I traded only two days. Last week it was green, but only two two trading days traded I think four or five stocks the week before I took only three trades. so I've taken probably a total of six or eight ten trades.

probably not even ten. not even 10 trades in the last week, not including today I got a few trades, but it's been the last two weeks have been really slow, but you know what? Um, that's that's part of trading I May I could do another episode on that this week. um I'll talk about Market Cycles but you know what I'm actually going to do is tomorrow. I'm going to teach a class on YouTube and the topic of the class is going to be scaling so I said I would do this.

We already have a section of the Warrior Pro class on scaling. but I'm going to teach a class on YouTube on scaling. So that's going to be coming tomorrow and let me just confirm the time. Um I Just have to open up my calendar here I I Set the time but I just don't want to say the wrong time.

There were two possible times I was going to choose. Let me just check. So tomorrow the class on scaling is going to be at the hour. It's going to be the top of the hour.

It's going to be a big hour. Uh, one of the greatest hours. Best hours of 11 am. So that'll be 11 A.M tomorrow.

All right. So 11 A.M tomorrow I'll teach that class on YouTube on scaling, scaling in, and scaling out. It's going to be a huge hour. So that'll be tomorrow at 11 A.M Um and yeah, the the comment that I'm just gonna make on Cycles a lot of Traders for us.

God Have you ever seen it this slow? I'll tell you guys, when it's slow, you feel like it's never going to get hot again. When it's hot feels like it's never gonna get cold again. That's I Guess part of the psychology of trading. When it gets cold, it gets scary because you're like oh my God is the market turned off? Is it never going to turn on again? Yeah, it's our livelihood.

So we get we get a little nervous I understand where that comes from, but I've been trading for a really long time. I've been trading Momentum for my entire career more or less. I mean when I first first started I was doing some I guess just you know, shooting from the hip. Whatever.

but but you know once I got dialed in on strategy I've been a Momentum Trader my career as a profitable Trader has been as a Momentum Trader and it's been I mean I've been doing this for a really long time. Like yeah I Can't believe I've been doing it as long as I've been doing it. So you know I've seen hot cycles I've seen cold cycles and this cold cycle does. You know? these last two weeks have felt different for me because I've had so many no trade days.

But that's because I made the conscientious decision that I was not willing to, uh, trade low quality setups whereas in the past I was trading just whatever was moving and in the past during a bad week I would just lose money whereas last week I only took you know three or four trades I made money I didn't hit my daily I didn't have my weekly goal but I was green I think I was green 2500 Last week weekly goal was ten thousand so you know. Okay, well, disappointing, that's not really where I wanted to be I guess but um, but hey, it's a lot better than being down 10 grand. So my choice to just put myself on the sidelines was a conscientious Choice uh that I made because I did not want to spin my wheels I didn't want to dig myself a whole generate commissions, get myself frustrated and I don't think emotionally I've ever been in a place where I've been able to do that before, so this was a different slow period for me because of my own ability to be disciplined and just say nope I'm just gonna sit on the sidelines. uh and that maybe made it feel slower because I had no trade days which do feel very slow.

but uh, anyway, so you know that was um, you know, the last two weeks. So yes, it's felt slow. The regional banking crisis has definitely weighed on, um, on the market, but I'm hoping that that's a little bit behind us and nice on Nogn. You know again, you could have taken certainly could have taken trades on here.

We just crossed over a million shares of volume. Now we're up 200 percent going up to nine dollars. Yeah, I don't know. I struggle with these when it's when it's really light volume because you see it, but you're I don't know.

So anyways, even just 2 000 shares, which you certainly could have taken, you know it's two dollars a share. so hindsight's 2020. If you're green, you know, be grateful for that. Don't overstay your welcome, just be grateful and live to trade another day.

And you know what? Today seems like it's heating up a little bit. But also just like that, dollar a share? drop false Hall You know, So easy come easy go. That's trading the people who are not grateful or the people who end up giving back profits. So try to be grateful.

try to keep some of that profit in your pocket and just chip away on those base hit days. That's I Think that's the best way to do it long term. You know? Yeah, you're gonna miss some of the thrill and Glory of hitting some big wins, but this is really about a marathon being consistent. So anyways, that's it for me.

A bit of a longer recap and um, reminder is always the trading is risky. My results are not typical, so make sure you take it slow practice in a simulator before you put real money on the line. and I'll see you guys back here tomorrow morning. Warrior Members: I'll be streaming uh course, bright and early and it'll be on.

YouTube for the class at 11AM.