Okay, well, it's about 9 15. Um, and it is. Well, you know, we're kind of in a slow summer market right now where there's opportunities. uh, but they're fewer and further between, that's for sure.

So you know, just trying to kind of scrape up, um, a little bit here and there and not overstay my welcome. Um, you know a topic, uh, that we're gonna talk about this week is how to trade in a Bear Market. Because listen, we're in a Bear market. so it's choice of how you trade through it.

You know. I mean, if you've got a bumpy road ahead and you've got no pat, no other way but to go down it, you can either go down and just make the best of it or you can be miserable the whole time. And that's kind of an outlook perspective question. But um, you know.

My point of view on it is that these are markets that can give you the opportunity to learn and to actually become a better trader. So I I think that these are really healthy. Uh, I mean, pullbacks in the market are healthy and this is a large pullback. But Bear markets are healthy.

And for active traders like ourselves, I think that this is an opportunity for us to dial in on what we're really good at. You know, focus on basics, exercise some discipline, and if we can get through this type of market that bodes really well for the future, it sets a really strong foundation. Now I know so many people are like, oh, I'll just wait until the market is hot and then I'll start trading. Well, you know, a beginner trader in a hot market.

Maybe you get some beginner's luck? That's fine, but you're not going to be able to fully capitalize on a hot market. As a beginner, you're just not going to be able to. There's no way you don't know enough. you don't have enough experience.

So you know the other side of that is learn during a bear market when it's probably the most difficult time to be successful. And okay, so you're learning. You're practicing a simulator and if you can get through there, then by the time the market starts to heat back up, well, I don't know. Maybe you're in pretty good shape.

You know? there's no guarantee, but I think that's the better way to look at it. This week I'm going to do a, um, a workshop. It'll be a free workshop. Um, we'll We'll put a link out there for people who want to register to it.

Uh, it will be. You'll have to register, but it'll be a free workshop on how to day trade in a bear market so that that'll be the topic. Um, it's obviously topical to what's going on right now. It's definitely on point.

And you know, I think, especially for those on Youtube. You guys will get a lot out of it. For those that are in the community, you're welcome to attend if you'd like. Um, we'll do.

uh uh. You know it'll be kind of a a fun event where I'll share with you guys my sort of story of how I learned how to trade and how I got to where I am today. and I'll walk you through my approach for trading in a Bear Market. which is, um, you know what I've been doing for the last six months, So you know, just to kind of put this on the table here.

Um, you know, for the last six months you know this is where I sit in in in trading. I mean, I've had some big days, I've had some small days. Um, yeah, it's about half a million dollars in gross profit. Now I'll say as always that my results are not typical and most beginner traders lose money and I can't make any guarantee that you'll find success where you learn from your trading your own.

But at the same time the topic here is how to trade in a Bear market? That's what we've been doing and I'm someone who's come through the bear market with profit. So sitting with half a million dollars gross profit, I think that's pretty good. And in the last? Uh, and this is something that I'm really happy about. The cumulative drawdown.

So my drawdowns have been getting smaller. and smaller. and smaller. That is fantastic.

That means I'm cutting my losses faster now. At the beginning of the year I came off a really hot 2021. I was being aggressive and then that was the right move. But as soon as I wasn't getting the good feedback from the market, this is a time to be aggressive.

I had to scale back. slow down. Uh, definitely got a couple really nice days there in in February. I think those were my two best days of the year.

Made almost a hundred thousand dollars or maybe a little more between those two days. but you know things have been slow and now we're cruising here in the summer. Fourth of July is right around the corner, so you know the best thing to do right now is to buckle down to be disciplined to take it slow to practice in a simulator. Max who is the most recent badge holder.

He's the most recent person who got a million dollar badge. He traded in a simulator for like nine months. Eight months. you know, I mean that.

And it was during a hot market. so he missed out on a lot of you could say opportunity by doing that. But he set a really good foundation. so I think this right now is a good time to be practicing in a simulator, especially for new traders.

So you know, As always, I'll put up my disclaimer and remind everyone that trading is risky. My results are not typical, so there's no guarantee that you'll find success. Take it really slow, but if you want to attend the Bear Market Workshop, that class will be Wednesday at, uh, one o'clock one p.m I was going to do it last Wednesday, but then I wasn't feeling well so pushed it back to this coming Wednesday. All right.

So as we sit here this morning, um, I want to do kind of a quick uh watch list because things have kind of cooled off a little bit. This morning, we have a gap up in the overall market. so we've got this bounce off the low. a nice bounce.

I mean, thank goodness at least for these relief bounces. Uh, they are relieving. It's like finally a little bounce. So what a relief.

All right. So we've got a little bounce coming up here. Uh, light volume, gap up, it's filling the gap coming down. and um, I've already taken a few trades.

Uh, the biggest winner was on Nrsn. This was a breaking news algospike type of trade. Nice squeeze moves up to 279 and we got some some good trades there. I was a little late to jump on it, but that's all right.

So that was Nrsn, Hils Hills. Similar news spikes nice momentum up about 100, but then it started to retrace quite a bit so I don't really love that. So at this point, as we come closer to the open, I'm not liking hills, but Nrsn is still a maybe, but it's starting to get a little a little choppy, a little thickly traded, so we'll have to see whether or not it can base out. but it was below V Wap as you could see here and then right here.

it got back above view app so your trigger high there is about 65 66. but then when I look at the level two, I see that stack of sellers. so I don't think that that's a retail trader. I think that that's probably a high frequency trading algorithm.

And now we're starting to get the Algos crunching in on this. so I'm not sure if we're going to see clean action. I'm concerned it's going to start getting a little choppy. Um, you know, of course there's we'll I'll do a separate, um, you know, workshop on this.

But um, there's a lot of different types of Algos in the market, so there are some that we can, uh, sort of anticipate how they're gonna respond to certain types of price action and we could try to ride that momentum and sort of scalp the algo move. And then there's others that are just churning shares make or taker. and it's just churn. churn churn churn churn.

and those are going to be harder to trade through. So and you've got this higher volume red candle right here. 275 high? Um, that's that's a little bit of a an issue. All right.

So about six minutes to the open bell opening bell here. Um, so I you know I have not quite hit my daily goal, but I have gotten green. which is fine. Um, and I honestly think that that's probably you know in this market.

Uh, that's good. I should be grateful for that and not try to push it too hard, not try to overstay my welcome. Just get a little profit get out. So this is probably a good time if I keep trading.

To size down, reduce share size a little bit going into the open and through the first you know hour of the day. If I can make a little bit more with smaller size, that's fine. If it feels like it's choppy, then um, you know I'll step back a little bit as well and I'll lock this up as another, you know little Green Day. Look, two thousand dollars a day is half a million a year.

I'm already at five hundred thousand gross profit and it's June 27th, so I'm certainly hoping to be over a million gross profit by the end of the year. And that means I need to keep averaging. You know, three, Four thousand dollars a day. So today I'm a little below the average, but I'm sure I'll have days.

Um, you know they're above the average. And so anyways, it all averages out, but it's better on a day where it's getting a little choppier, a little slower to take those gains rather than try to stretch to hit some specific number. And then you get yourself into a jam. Big block of orders.

Uh, buy orders went through there. Um, on Nrsn, but let's see, it was all in small size. but it was a pretty big, pretty big amount of size. Maybe Thirty thousand shares? Twenty five thousand.

All right. So coming up to resistance up in this area based on this last attempt? Okay, so we have about four minutes to the opening bell, so this is Resistance right in this area. first at 75 and then at 79. If we can break through those areas, then maybe we have something we can work with.

All right. So for those, um, tuning in for the morning show. I just wanted to give you kind of a quick watch list today. Uh, not not a lot of active trading this morning.

I already booked my profits a little bit earlier, so sort of sitting tight right now and I want to see what holds going into the open. But I hope you guys register for the Workshop on trading during a bear market that'll be Wednesday at one o'clock so I'll have my morning trading. I'll then take a quick break and then come back at one o'clock to host that workshop. So there's a link um posted in the description and to the comments uh here on Youtube so make sure you guys check that out.

And um, I hope you have a a good day. Hopefully we see some continuation here into the open, but if not that's okay. I've already booked some gains and I'm going to be trading with smaller size into the open so if we get choppiness I'm not going to give back what I've already locked up here. That's very important All right.

So with that I will see you guys back here first thing tomorrow morning. Those on Youtube and those here in chat. We're going to keep trading and keep looking for opportunities. You.