What's up everyone? Alright, so just like the start of January I'm starting February with a red Day to red days in a row? That means Friday I need to get super focused on just being disciplined I had three trades today that I was up on all of them but I didn't sell because we've been in this market where we keep seeing really big moves, so selling for 15 cents hasn't been worth it. It's been better to hold for a 30 or 40 cent winner, but today I would have been better off taking profit on all of them at 10 cents because they ended up turning into losers. So Friday I'm hoping we could finish the week with a couple good trades, start to rebuild confidence a little bit, get a couple 1015 cent winners, and then you know what if we see stocks that are really sustaining their levels and they pull back and then they continue for a second leg up. That's when I'll start being aggressive.

Today we kept seeing stocks pop up and come right back down. so if I jumped in thinking they continued, it just wasn't happening. So we're gonna break it down in today's midday market recap. and as always, if you guys have questions, put them in the comments below.

I'll come back and answer them later. All right. So we're going to do a little midday market recap. go over the trades from today.

So as you can see here, today is a second in a row red Day recap which is never how I'd like to start a month, but it is what it is So starting here down seven thousand, three hundred eighty one dollars for the first day of February not that much different from the first day of January starting in the red and of course I was able to make my way back out of the red and finish in the month of January with 117 thousand dollars profit. so that's all good. but today is definitely a little bit disappointing. So what's probably most frustrating is I'm red on the three stocks I'd trade it so it's just basically zero for zero and that type of accuracy can definitely get a little bit frustrating.

It's one of the things I Talk about is how nice it is to get on a hot streak because when you start trading at 70 75 percent accuracy, you start to gain a lot of confidence when you're trading it today. I Took four trades and I only made money on one of them so my accuracy is 25% it can start to get a little bit frustrating. A certain point like this is getting, you know, Ridiculous. My accuracy is really poor.

So let's look at the trades from this morning. Very first trade was on DCI X This was a gap and ghost setup. It was a lot like Cohn yesterday and I was a little nervous about it because it was opening on this big the last candle premark. It was a big red candle and so I got in this for the break over anticipating a break over the half dollar long.

At 350 it pops up in taps 369. You know that is $1,900 profit with 10,000 shares I didn't take the profit I held it and it ended up coming back down here and I stopped out on the third or second candle of the day at 339 and 340 for a $1700 loss. So very first trade two minutes into the day I'm red 1700 bucks. This did not hold the gains at all.

you can see it just rolled over. So a bad start to the day. o PGN was also on our Gap scanner this morning and look at what happened. It opened and just tanked and didn't look back.

So this one we didn't take a trade on Bu RG was called out in the chat room for 10 I thought it looked interesting so I jumped in it I got a little slippage and got filled at 4:20 it popped up to a high of 450. I had an order ready to add at the half dollar and then it can't look at this. it dropped all the way back down to 357. That's a very nasty move I mean it.

It squeezed up the 40 cents and then dropped a dollar. So this was disappointing and that got me for a good forty six hundred dollar loss and put me down 6500 on the day. That was the one that got me pretty good, you know. I I got a little slippage on my entry getting a 420 average.

Again, I was up about $3,000 on the ask and I was prepared to add for a break over 450. Target was that we would maybe get up towards $5 5:14 was the daily resistance and traders just didn't seem interested in this. We didn't get follow through the we didn't even get a proper one-minute pull back before it rolled over hard. So at that point I was very much read on a day.

Last trade I say if I had three losses in a row, I'm done. So that was my second loss. Third trade was BS P.m. I got in this at 43 with 10,000 shares.

it spiked up to a high of 75. Again, that's about $3,000 profit I ended up selling it as it came back down for $1,500 profit. So that put me down about 4800 on the day I recovered some of the loss and then I got back in right here at 55 and 56. let's 53:49 and whatever.

55 58 it popped up to a high of 70 I wanted to see it break over high of day. Back of my mind Target was $4 and it rejected that I stopped out on this candles. it dropped down stopping out at 33 and so I gave back the 1500 I made and then I'm you know another thousand on top of it so puts me red on the three stocks I traded today and you know that's a little bit frustrating. Not even as and I didn't take any traits in the IRA so that's good, but more than the dollar amount? that's frustrating.

It's more the just kind of annoyance that we weren't seeing good follow-through today. that three out of my four trades just kind of got slammed right back down. So we saw I mean a lot of these stocks you can see here. highest volume of the day is red candles B urg highest volume of the day is on red candles.

Let's see what was a couple others. OHG I popped Oh Hgi this one popped up, got slammed back down I didn't take any trades on it Katie Oh V had news popped up, came all the way back down o XBR popped up, came all the way back down. So this is the type of trading that we saw today. Unfortunately, definitely not an easy day in the market.

a day that I'm giving back a little bit of profit and you know at the same time it's just reminding myself to take a breath. It's not a big deal, it's a little bit of a drawdown, but relatively speaking, it's not that it's really not that big of a deal. it's a pretty small amount the $7000 you know I'm still green on the week this gives back. Let's see on Monday or was it yeah Tuesday I made 13 grand.

So these last two red days in the last three days I'm still net positive by like 1200 bucks. I'm still up like $10,000 on the week. So put it in perspective. It's yeah.

these are big numbers because I trade with big size, but it's really not that big of a deal. I will bounce back and whether it's tomorrow or it's next week, I will definitely bounce back and I'll get myself back into the green and we'll end up having you know some really I'm sure great days of trading come next week. So yeah, today's just a little bit disappointing. Mostly that the accuracy wasn't there and I don't know, we just didn't see as much momentum in the market today.

Not a lot of follow-through so you know we saw initial spikes, but then they came right back down. We didn't see follow-through where they continued to continued into a secondary move. Bs P.m. was the one the closest to doing that on this first candle to make a new high here, but even then it couldn't break over the highs and so it rolled over.

So you know that's kind of where we're at here for today. I'm done trading now I wouldn't I wouldn't keep trading. so throwing in the towel and I'll be back at it first thing tomorrow morning. Hopefully we see some good opportunities we can finish up the week on a green note.

Take a couple and trades and just going to the weekend feeling good and you know, put a little distance between me and the red days. so that's about it for me today. I Will see you guys back here tomorrow morning 9:00 9:00 A.m. 915 for pre market analysis and hopefully we have a good watch list that will help us find a couple trades to finish the week strong and so yeah and Lt PR that was another one right out of the gates.

just not. we just not seen good follow-through almost all of the gap or ended up fading today. So just the type of market we were in today and a little bit of a momentary pause. but you know we really.

I I need to be a little quicker, maybe to pull back on my share size. so I don't give back too much profit during a choppy market I think I gave back a little more today than I needed to be. Urg was tough because I really wasn't expecting it to go from 457 all the way down to you know, 374. I Just didn't expect that type of drop.

So now that we're starting to see that it is going to force me to be a little bit more careful and it's no different than a short seller who's like whoa I wasn't expecting to see a stock you know all of a sudden squeeze up 150% and it catches you off guard and it could create a loss. So same way for me just in opposite direction. I'm not expecting to see these level of, you know, pullback. so if this is going to become a regular thing I Definitely need to make an adjustment and scale back, but you know if it's just a couple of slow days, choppy days and things get back to normal then that'll be fine.

So the most important thing really will be seeing stocks make the second leg up so you get the first spike. Whatever second leg up is what we want to see continuation once we start seeing good continuation again, that's what. I'm going to feel more confident jumping in on the first leg and then adding on the second move. Right now.

jumping in on the first leg, you know today is just kind of crushing me because there's no second leg and the first leg immediately gets retraced and so Boom! I'm into the red. So second leg up. That's what we're looking for in a strong market. Yeah, it's okay to jump in really quick on the first spike knowing that that pullback we'll probably get bought up and you will have a second move, but probably tomorrow.

I Should just wait for buying the second leg. which on BS P.m. would mean I wouldn't have taken the first trade I would have just gotten in here on the second trade and I my average you know I was a virgin so I was in a little too high I probably should just tried to buy a little faster, but again, this is below the V web which is not usually where I want to be a buyer so that was kind of a I wasn't really sure it was gonna work until it broke over the half dollar. but in any case, first pullback is probably the spot to watch for tomorrow.

Alright, so that's the game plan. I Always feel better when I put together a little bit of game plan. You know having the loss is a bummer, but what's the solution? What's the game plan? How are we gonna fix this and tomorrow? Focused on buying the first pullback rather than getting in on the initial spike. So that's the game plan.

tomorrow. stock hits the high today, most canner. that's great. Let it pull back, wait for that first pullback and then BOOM jump in.

we see a good second leg up. That's when I'll start being more aggressive. second leg, third leg continuation. If he continues to be you know, choppy then I'm going to, you know I'm just gonna play it, Play it safe and go easy.

All right. So that's it for me and I'll see all of you back here first thing tomorrow morning for pre market analysis around 9 a.m. If you're still watching, you must have really enjoyed that video. So why not subscribe and get email alerts any time? I Upload new content.

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