What's up everyone? All right? Well here we are middle of the week Wednesday and today was just like yesterday. My first trade in the Red lost 2500 and you know what? The first trade. It was a pretty risky setup for uh for my first trade I was trying to do a bounce off of support for a curl back up through V web so the trade was below view app. Macd was of course against the position because the moving averages were negative, they were moving down and uh, it wasn't on the Gap scanner.

But of course this was a stock that I p of yesterday Stbx. so there were. I think a lot of eyes on it. but we just didn't end up getting good trade and so that first one down.

Now the problem was, we didn't have. I didn't see any really really good setups between seven and eight and nine So coming up to Nine 905 910 I was sort of getting antsy. I was like uh oh, you know, either I break the ice or I'm not going to trade today so I just kind of was like all right, this looks like a pretty good setup. I'm in your support punched it and then we got like an 80 cent flush as it went lower.

So that was a disappointing way to start the day. I was able to recoup those losses on drug. So a drug of 80 a stock that was hot earlier in the week as you probably saw it was doing this sort of like really big green day and then gave it all back. Really big green day, then gave it all back.

So today was the third green day and I was able to capture profits on it, but I don't know that I would have traded it had I not just gotten kicked in the teeth on the first tray because where I got in it, you know I was like okay, I'm gonna give it a stab, but that was also a bounce off V Web. not my favorite setup so it was kind of a risky trade on that one as well. Macd wasn't in favor of the trade, you know, so it's sort of just like across the board that wasn't really that great, although it did move higher. Then I had Gct, which was a bit of a dead cap bounce from the move uh, earlier in the week.

made a little bit on that. There was Akli which was similar to Stbx. That was not a great trade. Barely got out for a small winner of a hundred dollars but could have been a loss.

And then there was Sprc which was a gap um dapper today but was a dollar thirty lower price, thickly traded. So the reality is today there really wasn't anything that was a quality so I I guess I, you know, throw the question out there. Would it have been better to not trade at all? Because the thing is, days like today, this is where you get those paper cuts and this is where you start to run into the death by a thousand cuts. It's just cut after cut after cut after cut and it's like, well, you know nothing was really a quality.

You know the market overall market. The S P You know this morning at least was testing the lows of this pullback so it was weak. Probably made all the sense in the world not to trade and yet I find it so difficult not to trade. I sit down here and I want to trade every single day and and that gets me into situations like today and yesterday where I take B quality setups.

I go red and then I'm taking B and C quality setup to try to rally out of the hole And I'm grateful I got out of the hole. but on other days I could end up closing at max loss. so I think I have to be really careful tomorrow and Friday as we finish this week that if there really isn't anything that looks good then maybe to avoid the risk of more paper cuts just to just to sit on the sidelines so I don't know. curious to hear what your thoughts are.

but that's kind of where I'm at right now as I'm finishing my third choppy day out of the last four trading sessions. because remember Friday I went down six grand before finishing in the green. So out of the last four days, Friday Tuesday, and Wednesday. uh, excluding Monday because Monday was okay.

But three out of the last four days have been pretty choppy. so I think this is the time to be a little more defensive. Reduce share size scale, back, slow down and wait for the next stock that really is clean. Alright, I hope you guys enjoy the recap reminder.

As always, my results are not typical so make sure you take it slow and practice as simulator before you put real money on the line and I'll see you right back here first thing tomorrow morning for the morning show. Thanks as always for tuning in. What's up everyone? All right? Well, uh, middle of the week here and kind of a another tricky day. same as yesterday.

First trade of the day went red 2500 bucks or I'm down 2800 on Stbx. so it's very similar yesterday. Basically first trade, I'm like, all right, I guess I'm going to be spending the morning trying to dig myself out of the hole. So the first trade, um, you know, for what it's worth, was not.

uh, a terrific setup. I was trying to take a bottom bounce on Stbx as it started to curl up right here. I jumped in it and uh, then on this candle it flushed. Uh, like 80 cents a share which was kind of a bigger drop than I expected.

The Macd was against the trade, it was below V Wap. so really, I probably shouldn't have taken it I think at this point because it was like I don't know 905. I was starting to get a little antsy about the fact that I hadn't taken any trades yet. so I was getting.

I was sort of losing patience. I was like man, nothing is moving well this one, it's a curl off the low. After yesterday's move, there's a good chance we'll get a curl and I guess we did a little bit later, but whatever, so that was sort of an unnecessary loss. Then I switched my focus to Drug, which uh, was our leading gapper this morning.

so this one it made sense to focus on it. I got a nice trade on it off of um, let's see it was. Um, it was right here I bought. I had an order at 198 to try to buy a false break off of the V-web or a bounce off V-app That order didn't fill, but I did fill at 201 and we got to pop back up to 216 which was you know it wasn't bad.

I mean that was pretty good. We also I got another trade at the open as it, uh, bounced here for the curl back up higher. So I got a couple trades on this one. uh, you know, not Again, huge winners But that basically got me out of the hole and I was down 200 going into the open and got a couple other trades.

so uh well. and by the way, so on. drug. This one had sort of this daily history of big green candle, red candle, green candle, red candle and notice the volume profile.

high volume on the green day is no volume on the red days, but it kept giving back like the entire move. So it really is hard to trust it. and even though it's moved a bit higher here, I just don't really trust it. So that one's drug.

um Stbx, you know yesterday was the ipo. it was kind of crazy. uh sold off down to 11. had some big bounces.

This was a bounce here from 10 or from 15 up to 30. so you know 100 bounce. I thought it would be good for a little bit more of a bounce, but it really didn't give us much today. Akli I tried this one for a bounce as well.

I got in at about 560 with a stop at 557 off of the double bottom. It did curl up as you can see here to a high of 610 but not before first breaking down. Only made 167 on it. Not not a great trade.

Uh Sprc. This was on our Gap scanner this morning so traded this one. It was very thickly traded. got a trade on it right here from 30 up to 36.

small gains on it, just it was just not easy to trade. it broke again a little bit. Um, later here up to a high of 55, but just nothing exciting. Gct.

I got a couple trades on this, but I was too chicken to trade it with. Big size traded. Its small size. Um, we had the first trade, was at 28, right up here.

got to move up to 30. Got back in on the break of 30, got to move up to 31 and then rejected. Got? You could have taken another trade right here. I didn't take that one.

That one went up to 33 but pulling back a bit so you know I. I think the problem today was that it was sort of hard to figure out what was obvious. The overall market continues. You know, we hit new lows today of this little pullback.

We did bounce up, um, a little bit now, but the market's a little weak. We're back below the 200. we're in kind of a precarious position here. We've got some data coming out later this week that'll probably have an effect on the overall market, so we may end up more likely testing the 406 level versus 418.

But we'll see. So yesterday wasn't great for me because I started red, had to rally back, but finished green today. Same story. First trade was read yesterday.

you know, in fact, yesterday was kind of similar. I didn't have any good trades between eight and nine. Took the first trade. I think it was like at 9 15.

it was a sympathy Momentum stock. So you know the first trades haven't been as good and I think a little bit of that has been related to not having anything else that looks good. So I've gotten kind of to a point where I'm like, okay, let's just break the ice. but then I keep breaking the ice with a bad trade.

So because I'm not really being patient enough if I was more patient. um, I mean it's actually possible I wouldn't have taken any trades yesterday or any trades today. And in fact, that would have been better than being read. and both days I went, you know, down, it was 1700 yesterday and 2500 today.

So I don't know. It's a little choppy but green on the week thanks to 7 000 on Monday and then yesterday was basically I don't know 1500, 2 000 bucks. Today I'm sitting at a thousand, but you know fees and commissions are going to cut this, you know, by a third at least. So probably net only 600 today.

Uh, maybe 700, but yeah, just kind of slow right now. I think waiting for the next strong Momentum stock and also waiting to see if we get a little support from the overall market. Right now we're not getting it, but hopefully, um, you know we'll get some more support from the overall market soon. Another false breakout on drug.

just feels like a lot of traps today. A lot of false breakouts, so you know Macd. There were a couple areas here. we had some nice good setups.

A bunch of the trades I took today really didn't have all of the confirmation that I look for, but if I had waited for all that confirmation I think I might not have had. I might not have taken any trades. So I guess 2 000 approximately or 3 000 between yesterday and today. trading.

B Quality setups is good, but you know, on the other hand, both of these days I was in the red before rallying back and could have easily finished both of these days red, In which case I'd be probably thinking gosh, it really wasn't worth it. so I hope that we have something better tomorrow. On the Gap scanner that's obvious that you know is just a nice clean Momentum stock, but that might be too optimistic. so this might this whole week might end up being kind of a wash and I think I just have to be careful tomorrow and mindful of the pattern that I've had these last two days of starting the day in the Red, so I have to be more cautious tomorrow and that may result in it being a no trade day if there's nothing.

That's uh, really obvious. So anyways, that's my recap. It's a pretty short one, but that's where I'm gonna finish the day. So reminder reminders: always.

Trading is risky. My results are not typical, uh, being able to be on the defense and keep it really tight and rally back from red to green is an important skill to learn. and it's not something that all beginner traders are going to be good at takes time. So pace yourself, practice in a simulator and I'll see you back at tomorrow morning for the morning show.

All right, I'll see you then. I hope you really enjoyed that video and make sure you hit the thumbs up and subscribe to the channel if you haven't already. Our goal is to hit 1 million subscribers this year, but we won't get there without your help. so please, please please hit that subscribe.