What's up everyone? Alright, so here we are: finishing the 110th trading day of 2019. I'm gonna finish up about $2,700 Well, I'm down 2,000 in my main account and I'm up 4,700 in the IRA So net profit: 2,700 That's a green day. It's a little above by 2019 2500 per day average I Wish it was a little bit more, but you know what progress is being made and I always try to remind myself even though I gave back a little profit today on my last trade, I am still walking away with more money than I had well, two hours ago and that's solid progress. You know it's all about so slow and steady.

Wins the race and I'm up about $12,000 on the week, which puts me at 42,000 on the month. so I'm still feeling good about that. We're gonna try to finish up this week with two more solid trades on Thursday and on Friday. All right so you guys first thing tomorrow.

All right everyone! So we're finishing here the 110th day of 2019 with another Green Day Although today's not as great of a day is it could have been I'm up 4700 in my retirement account and I'm up I'm down 2,000 in my main account. so I only have a net profit of 2708 although it is above my daily average of 2500 a day. and I'm always happy to be above the daily average. It's one of the slowest green days I've had since actually last Wednesday last Wednesday was also a slow Green Day I only made a hundred bucks yesterday Of course, being up 21,000 was a really solid day.

And you know I I probably could have been up 20,000 on I am. RN had I been a little bit more aggressive on it. This one was kind of interesting. Our watch list this morning was a little on the light side.

If I go here to time frame and use historical date, this is what the Gap scan looked like. Let me just put this at 9:25 We had Bli N at the top of the scan of 26% pre-market with an 888 thousand share flow and 1.5 million shares of pre market volume. Price was 367. This to me all looked good for a break over $4 We had s Ybx on the scan as well which I traded.

This one didn't have enough volume. This one was a little too expensive with a float that was a little too high. an ETS was a maybe and I MRN was a maybe. These both were lighter volume.

So all of the trades today we're right off the watchlist. Remembers: Z Vzzt is the Nasdaq test stock so this doesn't count on p NL this is just for testing hotkeys and stuff like that. so IMR and I'll put that back there. So Bli N unfortunately did not give me the big break out I wanted the bell rang and I jumped right in for the break.

over $4 Well as you can see it hit 4 but it did not break for it. had resistance right there. It tried three times and it couldn't break that level. I stopped out but I had taken 12 thousand shares of it so I was a little aggressive on my share size being maybe a little bit of cheaper stock.

I thought I needed 12,000 shares to try to make a decent amount of money on it. So I jumped in at 93 for the break over for I was up seven cents per share. Obviously didn't take the profit on it because that's not what I was looking for I was looking for a break over for 15 for 18 was a daily trigger that gave us room up to 450. So 418 was actually the spot I was watching.

that was based on sort of this resistance area here and yeah, it just it couldn't go. Ended up selling off and it's down at 318 right now so that was disappointing. I lost two thousand forty one dollars on it, which considering I took twelve thousand shares is not the end of the world, that's you know. Not not bad, but it put me down below my two thousand dollar daily max loss which meant I could not take any more trades in this account.

This account locked up so now I could call Lightspeed and say hey, can you guys open my account up and they could but but I don't do that and so anytime I hit my max loss in one account The cool thing is I can tab right here to my second account. Now you know. Granted not everyone can have two accounts, but I've got my main account then I've got my retirement account. so I switched over to my retirement account and the next trade I took was on Sy BX on sy BX this one we were watching pre market for a break over the pre market pivot which I'm mapped out as being 825.

So I had a couple people ask me about pre market pivots on comments and on YouTube So when we have a stock that drops down and pops up and pulls back I usually think to myself if it can break this level here significant. If it breaks that level, it's then got a chance of retesting high of day. So I sort of consider this to be a pivot. Now this is a pivot to the upside and down here might be a pivot to the low side the low of this area and that's the level that ended up breaking.

So anyways, 825 was the spot I was watching I added at 8:47 for the break over 850 I think it was right around there. hope he was 825. In any case, I added right here. as it was squeezing up.

it was like right in this candle hit a high of 880. Next candle drops all the way back down to $8 and then it's back down to 780. so it did not hold that level at all. I stopped out of it and was lucky to have 250 dollars of profit because it could have easily been a good sized loss.

But as soon as it couldn't hold this level I bailed out of almost all the position, getting a partial fill on the balance and then sold the balance down here at hate or I guess it was a 24 where I finally made my last exit. So kind of disappointing there and at that point I was like okay well I just took a two thousand dollar loss loss on VLAN You know two minutes later I take a trade on S. Ybx that totally did not work and it was only a $250 winner and you don't risk 2,000 to make 250. So my ratio of my average loser versus my average winner today before this I am are n trade was pretty poor and so when I M RN hits the scanner, it hits the hide a momentum scanner I Was familiar with the name of course because it was a stock that we had seen on the Gap scam and so I saw it I pulled it up and I saw I pull it.

Basically my process if I have a different stock up like this and I see a stock hit the scanner it goes Boeing it makes this noise I look up I type here I am RN and while that's loading I come down here and type it here I look at the chart if I like it I press shift one and just like that I'm in so Z Vzzt Let's just do this. For example: s P Y so Z Vzzt I there I type it here ZB z ZT z bzzt and then I like it shift one shift 1 I'm now in. it was six thousand shares just like that. So now usually I don't have to type a five ticker symbol, which is good because it takes more time.

Usually they're three to three or four, but in any case, that's how quickly I can get in and then ctrl Z selling and bailing out and now I'm down 270 on this test stock. But that does not contribute to my daily gains or losses because it's just a test stock. so that sets the process on I am RN Typing it quickly and as I saw it coming up towards 4:00 I jumped in 393 so I'm in it. It squeezes up here to a high of 443 and gets halt for a circuit breaker hall and I was like okay, you know I I really wasn't that excited about it I was like I'll Oh all right, this is halted.

doesn't have a lot of volume, you know I'm maybe I I'm not sure if this is gonna work or not. Obviously the trade on Bli N and S. Ybx didn't work. I'm worried this might resume from the halt and just drop right back down.

So I was kind of just like it I was just not I was just sort of like huh I don't know, not really sure about it comes out of the second halt or comes out of the first halt and it dips down for a second and the dip by opportunity was at 485 and I passed on it I had my order ready at five dollars to add. So I have my order up here at five dollars. All I needed to do was press the Buy button which is right down here and instead I just kind of was like I don't know sure. buying out of the second Hall it's a little risky you know I'm I'm only just I'm not I don't even think I was I was like oh, I'm just barely break even on the day at this point I don't know.

maybe let's just give it a second and then it squeezes up to 506 and halted a second time and now I'm like well I'm gonna I'm gonna hold and let's just see what happens and so I'm holding 2,500 shares and it resumes from that halt and it squeezes up to 605 and as it squeezed up to 605 right here I sold all except for 400 shares I sold it 539 and 5 550 because I just I wasn't sure it was gonna work I was like you know what I better just take a little profit on this thing I'm I don't know and so I took some profit there 446 431 for or 536 531 539 and it squeezes up halts at 605 now I'm only holding 400 shares. it then resumes and hits a high of 680 which was our 200 moving average. And now of course I'm thinking man, look at that you know from 380 or whatever this was 388 to 488 to 588 almost a 688 and at that point it halts going down and I'm still holding small size and it resumes goes through here and I actually added right here on the first candle to make a new high I added anticipated first candle I added actually at five dollars six thousand shares that didn't work I stopped out right here and gave back two thousand dollars of profit. so I was up 67 hundred on it.

We'll finish up 4500 I Thought First Camel to make a new high would at least give a decent bounce. We were below the view app I knew there was some risk there but I thought we would get a better bounce and it just that did not happen. And then it halted a second time going down. So this is gonna be one of those stocks that we talked about in the class is being that if you waited for the first pullback you would have lost money if you if you really wait for the very first pull back on this which was like right here and took this trade you because this was not a profitable trade.

So the only trades on this we're buying off the hide a scanner for a break of four dollars which is the half dollar whole dollar setup, possibly adding on the dip coming out of the first haul which is an aggressive scalp setup and possibly adding up here on the dip out of the second haul which would have been very risky but those are the only ways that you could have made money. So give me a shout out of how much you guys made today. those of you in the chat room and I will call it out. So for those of you guys who did find your way to profit on it, it was through scalping off the high demo scanner.

It wasn't waiting for the first pullback. So I see 334 Mathew 964 Chris 5000 for Mason Nice job there! Let's see Four hundred Seventy Three thousand Six hundred Five thousand Six Hundred Eighty Four dollars 810 200, 225 hundred, 840 Eighteen thousand in the simulator $134 So you know a lot of you guys did pretty well on it between Sim and and real money. But yeah, this was the only place where you really could have traded it profitably to the long side. Now of course if you had shares available to borrow, shorting the first Haul going down is a no-brainer but these are often the challenge here.

And I set up an account as you guys know Centrepointe earlier in the year so I can try to short the first halt going down because this is like a no-brainer setup I Mean it works so well. The problem was that you know by the time the stock was squeezing up here, usually if you went in to borrow shares, they weren't they were all gone. You couldn't find any shares to borrow. Now if your reserve shares pre-market well, maybe you would have been able to get shares, but half the time or probably more than half the time these stocks pre-market Well, they end up doing nothing.

So spending $500 to reserve shares on the top three or four Gabor's is going to cost you twenty five hundred dollars just to reserve the shares. That puts you in the hole for all those borrows. So I didn't like doing that I would always wait until the stock was starting to move and then by that time no shares were left and so I just kept finding myself seeing these great opportunities but not being able to trade them. So yeah, the whole thing with shorting these stocks this: I can't short this at Lightspeed if I you know I could try to press the the sell button here and it's gonna say short orders.

Well this is cuz it's in my margin account. Well in any case, there's no shares available to borrow so even if I want to short it I couldn't There are a couple of brokers out there that do have shares available for stocks like these, but usually what they're gonna do is they're gonna make you reserve the shares and so when you reserve the shares, if say you reserve 5,000 shares, you can trade those 5,000 shares all day long. You can short it, cover it, short it again, cover it short, again. Cover it.

You have 5,000 shares reserved to your account and you can trade them all day long. But the privilege for the privilege of having those 5,000 shares, you've got to pay a fee and that fee is based on a per share basis and so you know I I Saw the price usually was anywhere from point usually Oh Point Zero Zero four. So Point Zero Zero four times. five thousand shares is two hundred bucks.

so you know Point Zero Zero Four two Point zero I Saw some this point as high as Point Zero Five. So you're paying $500 for ten thousand shares. You know I mean some of the fees were just crazy high and just wasn't for me. So great opportunities here if you're able to borrow the shares and are able to get on it really quick.

but you know and this of course would have been a nice one. but on the other hand, we have others that you know, like Jagex that end up squeezing out those early short sellers. you know, dropping down looking like they're just gonna fade the rest of the day and then BOOM back to the highs. and then that's when things get pretty crazy.

So I Think for me, it's just easier to focus on trading to the long side and not flipping back and forth. Trade Zero: Yeah, they've got good availability for Barros so it's seven cents per share right now at trade Zero. So if you want 10,000 shares, it would cost you seven hundred twenty bucks of IMR N And that's even if you don't take the tray just for reserving those shares. Seven Hundred Twenty bucks? You know? Of course, if you'd reserved ten thousand shares up here, you could have made ten thousand dollars.

so it would have been worth it if they still had shares available to borrow. Anyways, that's the challenge. but today's gonna be a day where I'll finish in the green. you know, right in my main account.

Green in the retirement account have been mostly trading in my main account as of the last few weeks building up the profits here. The nice thing of course is that I can take these profits out any time. I Want you know, retirement account can't take the profit out without paying a penalty on it. So this is really for retirement.

Just gotta leave it. there and let it grow. so throw another forty seven hundred dollars in the pile there and in the main account. A little setback, but we back at it first thing tomorrow and hopefully we see some good opportunities and we can finish up this week with two more solid days.

Thursdays and Fridays have been strong days for me this year. Really strong. So I'm excited for what's in store given that we are still seeing a lot of volatility and volatility equals opportunity and today could have certainly been a 10, or 15, or even twenty thousand dollar day had I been more aggressive on I MRN I just wasn't because I lost on Bli N right out of the gates. If I had made money on Bli N, I would have had a cushion I would have been taken.

That put it towards IMR N and this probably would have been a really awesome day. but that's okay. Be back out of tomorrow. So I'll see you guys first thing tomorrow morning.

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