What's up, everyone? All right? Well, here we are. It's Wednesday and this is my first green day of the week. I'm up $4,600 today, so it's a little bit of a rebound day after a red Monday and a red. Tuesday And you know, moving back in the right direction.

I'm happy with that. The coronavirus catalyst seems to be getting a little bit overplayed. We had some great opportunities on it last week, but Monday and Tuesday weren't as easy. and today I did get one trade using that catalyst, but that stock didn't really hold it to levels and NVC right now is up about 20% on the day.

So I mean it's it's up, but it's down significantly versus two days ago. So I think maybe we're seeing a little bit of just kind of a I Don't know if it's gonna be a moment of catching our breath before the next search of momentum. I Still think the catalyst is significant, but we'll just have to see. So in any case, it's nice to be green today.

kind of riding the wave. You know the ups and the downs of the market just trying to go with the flow. You know it's one of these things. It's easy to get frustrated after a couple of red days and to certainly want to have a big green day to bounce right back and make back all those gains.

But you know, today after my one good trade, I was looking for trade 2 3, 4 I didn't see anything. So I only traded one stock today and I was done trading by 9:45 It Was a fairly slow day. there was a recent IPO or an IPO today, but I steered clear of it I Didn't want to push my luck so I felt like the market was a little softer today. but let's see if we get a little bit of a rebound on Thursday and Friday All right.

so last two days for January we'll see if we can finish strong and as always questions comments on today's recap. Leave them right down there below and make sure you hit that thumbs up like button. I Had my two red day recaps Now finally a green day as the wave momentum starts to pick back up. All right everyone.

So we're gonna do our midday market recap here. Go over the trades from this morning. I actually only traded one stock ATI F It was straight off the Gap scanner up about it was 35 40 percent pre market and have nice catalysts. So this is a stock that was or is sympathy to the coronavirus.

It is a biomedical supplier, so you know this has continued to be a catalyst for the last week or so that has been driving momentum in some of the pharmaceutical companies, some of the biomedical supplier companies. this sector, you know. Ultimately, this cat type of catalyst can be good for their business model. You know it's It's kind of sad, but it is the way it is.

So we're trying to capitalize on that momentum. and today was a good example of that. No trades in my T V-- Ameritrade account today. The small account challenge.

I've got three thousand, four hundred ninety nine dollars, and sixty two cents in the account right now, but only forty nine dollars of buying power. And that's because the trades that I took yesterday have not settled yet. They'll settle tomorrow so I can trade tomorrow. So no trades in TD Ameritrade today.

But that's okay. I'll get back to it tomorrow. So let's look at the Gap scan or pre market. All right.

So um, make this a little smaller. let's see. All right. So I'm gonna right click this go to historical time frame and run the scanner for 9:20 a.m.

Alright, so at 9:20 a.m. our leading Gap or in the entire market was Li L Ee. Now this stock is kind of interesting. It was on our watch list but I ended up missing my trade on it as I focused on a TI F The headline here Warren Buffett gives up on newspapers Berkshire sells unit to Lee Enterprises so you know this is this is the catalyst here.

Lee Enterprise buying I Guess this newspaper this see it's a several newspapers but anyways so it's one hundred forty million dollar deal and pre market. The stock was already gapping up about ninety percent with a pre market high of 255. so I sent pre market I said okay guys I'm gonna put an order ready to go at 260 so we've got Lee so I type in the stock and I type in my order right here and I you know, put it up for whatever 260 so it's ready to go I give it a 5 cent offset above the ask I you know, give it a little bit of room for slippage and my plan was basically out of the gates I'd be watching for a possible break of 60 55 and then my aunt Ruby as high as 60 the float 57 million shares. A little on the high side, but the fact that sup 89 percent for me made me feel like clearly the stock is moving so it's worth taking seriously and giving a chance.

The bell rang and pretty much as it rang here it popped up to 50 up through 65 up, flash to a high of 84, dip down and then came back up through 3 and this all happened within the first like 10 minutes of the day and this is high a day 309. So you got this nice squeeze from 250 up to 309 which was, you know, awesome I mean that's a 10 20 percent 30 percent squeeze so it's a night. Nice little bit of momentum there, but I missed it because I was focusing on the second-leading gapper which was a TI f Now if you recall yesterday, AR MP had a pre market chart that looked I thought kind of similar. kind of light on volume.

a catalyst. Here you know a daily chart that didn't have a lot of resistance. nothing super significant. and then just all of a sudden the bell rings In the stock squeeze is from 420 up to six dollars and 92 cents.

So it makes this huge move right out of the gates. So as I saw a TI F pre-market this is what I was looking at and I was like oh, this looks kind of similar. It's the stock with the all-time highs at five. They've got a catalyst here and related to the Corona virus and you know I was like okay, this this might be the one I'm interested.

So pre market it ends up squeezing up to a pre market high of 64 and then the bell rings and it surges up. I got in about 285 and 294 the break over three dollars. It squeezes through three and hits a high of 375 a full dollar per share. It then pulls back for a second and I added on this micro pullback right here you can see actually it dropped all the way down here and then surged back up.

I added back at three it was like 365. It hit a high of 370 and I stopped out. It came back down. It hit a high of only 10 cents about my entry.

So in this first trade I made about five thousand, seven hundred dollars in the second trade I lost nine hundred and I took a third trade right here for the break over 75 and I lost a hundred bucks. So I took three trades and I was right only on one out of the three, but the one that was the most important the break of the pre market high is the one that I had and nailed. so I feel good about that I'd ended up pulling back I was kind of watching it during this pullback to see if it would break through be wet, but it's ended up just fading back down Lee likewise has been fading back down and so because those two have both come back down, there haven't been secondary opportunities on those and then VC you can see it's up right now 29% you know I was sort of watching it here, but I kind of felt like I don't know I I just don't want to push my luck on this one. The price is a little higher, the spreads can open up a little bit, and you know if you time it wrong.

all of a sudden you can be looking at a six seven $800 loss and I would just rather not today I just rather take the $4,600 it's $1,000 less than I had at my high today and and just just walk away. And the fact is, I've already had to read trades in a row, so if I have a third read trade then I'm done for the rest of the day. I can't keep trading based on my rules so I just I don't I just don't feel like pushing my luck I Guess you know as its urged up here, the breakthrough hi a day over 10 that set up was a little extended. A better entry would have been down here at 977, but that entry would have had a stop down here at the low of the pullback which was you know, a good 40 cents away, even a thousand shares I just didn't feel like the risk was worth it.

You know again, this is this varies. if I was up significantly more on the day, I might have taken a stab at it if we were seeing other stocks that were really strong. I might take a stab at it, but our two leading Gabor's Lee and ATI F have both kind of faded down. HEPA H EPA was another gap or that was fading before the the bell rang has bounced up a little bit, but that's a bounce off the low type of setup.

It's not one that I like. so I didn't go for that bimmy another gap or B I mi but it hasn't held its level and these are kind of also sympathy on the virus, but they're not seeming to hold up as well. So today I just felt like you know what? I better not push my luck, you know, just take the money and call it a day. So that's what I'm doing, taking the money off the table, walking away and I'll be back at it tomorrow.

We've got two days left for the month of January so you know we're coming up right here to the end of the month. which is you know, on the one hand, significant because we always kind of measure things and how you did on a month and stuff like that. But on the other hand, you know it's just two more days and then the new week ahead. So I'm gonna try not to throw a Hail Mary pass here even though Amazon reports earnings tomorrow night.

you know, just gonna leave it alone and not do anything crazy. You know you could buy two two thousand calls, but you know though, that's a Hail Mary pass and sometimes it works and usually it doesn't and I just I can't afford the risk and you know that that's all part of trading to try to hit a monthly goal that you know I'm I'm just not gonna hit this month and that's that's okay. You know, some months I'll hit it and beat it. Some months I'll miss and come up short and at the end of the year, as long as I'm still making money and still making six figures, I'm gonna be pretty happy with that.

So I'm gonna try to keep the big picture mindset right now. but what I will do for the month of January a certain point is go through the metrics of my accuracy, my profit loss ratio, what worked and what didn't work because I think there was is some room for improvement on the month of January for me for sure. Alright, so that's it. I'm here I Hope you guys have a great afternoon if you keep trading and we back at it first thing tomorrow morning.

Alright, see you guys in the morning! Hey, have you seen my most popular video on YouTube? It's got over five million views. You can check it out right here and check out one of my other videos on YouTube right here I Hope you guys enjoy as always. If you have questions, leave them down below in the comment section. I Personally respond to every comment that's posted.