What's up everyone? Alright, so here we are finishing a Thursday morning up two thousand dollars. Finally a nice green day. So this has been really a great start to the month. A little bit of a slow start on Tuesday 300 bucks 300 bucks yesterday.

so 600 plus 2000 today is $2,600 You know that's that's good progress. Granted, we're certainly not in a hot market where I'm doing five eight thousand dollars a day. but Green is good. and in the past what I would have likely have done is push too hard, been too aggressive, and these could have been three red days, you know.

So Green is certainly better than red and I'm happy with that. We'll break it all down today's midday recap if you have any questions as always, put them below: I'll come back through an answer later this afternoon. All right, I'll see you guys in the morning. All right everyone.

So we're gonna do our midday market recap. Go over the trades from this morning and today I'm finishing up 2167 dollars and 73 cents which is awesome. So hitting the daily goal. And what's even more exciting is that I'm crossing over the 70% mark in this one million dollar challenge.

So I've crossed over this level once before and then dipped back under it. But you know, still gonna celebrate crossing it because it feels good. So I'm at seven hundred thousand dollars in profits in my small count that I started with five hundred eighty three dollars on January 1st 2017. So seventy percent of the way to the 1 million dollar mark.

This is no doubt a marathon. It's taken 19 months or so or no, yeah, 20 months to get here and I it's still probably gonna take me another. Well, you know we'll see it probably four to six months to make another three hundred thousand dollars and get across that level. But you know, one of the things, like anything else is the day trading is a marathon.

You know this is like a very specific type of challenge that I'm doing. But you know, even if I wasn't doing this, it's always kind of a marathon because you know you're always. You want to keep your head in the game. You got to keep your head above water.

you know, survive till you thrive. All of that type of stuff and they're going to be weeks that are really tough and we're gonna have down. So we're gonna be frustrated and you're gonna have ups and you're gonna have amazing weeks and you know that's kind of part of the life of this job. The all those ups and downs, you can even them out depending on your share size and your risk tolerance and things like that some of us that are really aggressive will have.

You know, fifty thousand dollar green days. Maybe a hundred thousand dollar green days and fifty thousand dollar red days. 100 thousand dollar red days. I mean there are traders that go to the extreme with share size trading.

with 40 50 thousand shares and you know, no doubt they're gonna be experiencing the emotional extremes as well. Kind of a little bit more moderate compared to some of those traders I suppose. but you know today's a day where I'm finishing up 2,000 bucks and it's right now. I would say a you Know is still a day to be pretty happy about.

It's a Green day So I'm gonna write it down here. It's the 160 fifth trading day of the year for me. plus two thousand, one hundred sixty seven dollars and 73 cents. So that's good now of course.

a month ago you know I had the first week of August or second week of August I was doing three thousand dollars two thousand dollars every single day. I mean it was back to back to back. So you know having made only 300 on Tuesday and 300 on Wednesday that I'm kind of behind my goal. But the thing that you have to remember is not to get too hyper focused on these short-term goals like your daily Profit Target or your weekly Profit Target because the reality is, you're gonna have weeks where the very best you can do is break even the very best you can do is keep your head above water and not go into the red.

and then you're gonna have weeks where the best you can do is gonna be like 75 or $100,000 when you're you know kind of the level than I'm at, so you know, Am I a little bit behind this week? Sure. But I can't force it I gotta trade the market I'm in, not the market I want to be in so only two stocks I'd traded today which is good. Commissions will be a little bit lower. First one was Bo XL and that was kind of a surprise I didn't think that it was really going to be worth trading.

I'll show you our Gap scanner here today. Every day starts the same going over the stocks that are gapping up pre market. These are the ones that are most likely to make big moves once the bell rings. AR WR was our leading gap or up 30% and again just cuz the stocks up 30% doesn't mean it can't continue to squeeze.

Right now it's up 56 percent. so the bell rang that squeezed up another 20% for me though. this is really, you know it's outside my price range. This doesn't work well for me.

with a scalping strategy of getting in taken quick, it's it doesn't work really well with with breakouts. it's more of a trend based type of strategy. and I just I don't really have the patience to trade these and I just don't usually do well on them so you know I saw some of you guys traded it and that's awesome. So I'm happy to see that some of you guys got a piece of it and you know you can apply the lessons that you learn about trading bull flags moving, average pull backs and things like that to this.

but you know, for me, it's just not really my wheelhouse. So anyways, no trades on that one despite it being clearly a good mover. Second one was a BAC this was on the Gap scanner this one I traded I'll go over this one second. pre market had a high of 240 and I really wasn't sure it was gonna do anything.

didn't have a lot of volume you know I just I was like I don't know. next one down nbe V New Age Beverage This You know we were kind of watching out of the gates for a possible red to green move and that just never really happened. It just kept kind of going red. It did a short one minute bounce here, but that was it.

so no trades on that. INF I Volumes to light my SZ A little too cheap for me floats too high on this one. Not enough volume prices too high, floats too high This one and a KD we were interested in but we saw the headline was a merger agreement and those don't always give good breakouts so nothing on any KD too expensive Volumes to light volumes to light floats to high price is too high Prices too low below a dollar Prices too high Bo SC we were watching as a maybe but it ended up it was gapping pre market and then it opened flat so it didn't end up being actually a gapper. so nothing there.

Bo SC So no trades. Fifty cents to cheap Fourteen to expensive 46 Too expensive and so you know. We keep going down the scans and eventually at the bottom of the scanner we did have Bo XL wears it maybe I got to run this scan again like 928 or something. It was on the scan just before the bell.

Let's see if this pops up there. it is alright. So Bo XL there and I pulled it up someone someone said hey, take a look at Bo XL and I was like I am I don't know I'm I'm not that into it. The daily charts not great I don't think it's gonna do much but then the bell rings and suddenly it spikes right up to $4 and so on.

this one I was like you know what it's showing me that it's got strength, it just squeezed up. you know, whatever that is. 30 30 cents. So I jumped right in it at $4 for a scalp over for you know that's that's that.

Go to set up a break of the half of the half dollar or a whole dollar. So I am in at 399 and 401 and I try to flip out and sell Hassell a quarter at 403. Take a little profit I get partial fills and then it drops down and that then I was like uh-oh this doesn't look great. So at that point I was still holding like 2700 shares or something like that and it dips down here all the way to 370 and I'm down like 30 cents and I was down about 800 bucks And you know it's kind of like, well, you know that's disappointing and that's exactly what I said yesterday that the problem right now is that one.

since all of these trades, I'm risking usually 500 to a thousand bucks that when I made 300 yesterday and 300 the day before. Yeah, that's great, but one loser could have wiped out all those profits and I did have some small losses, but one trade that does this could wipe out you know those two days and so it drops down here and I'm like, well, you know, let me give it a second for the first one minute candle to make a new high. That's my kind of go to on these. So I watch and I give it a second first one-minute candle makes a new high right here and it pops up to a high of 415.

So I go down 900 and then it pops up and I get out the rest of it right here and I made 135 dollars. Now for me, that is acceptable risk management knowing that the first woman it pullback usually does get bought up and it usually does create that type of move. Now of course on this one, it was on the hide a momentum scanner. That's how I ended up seeing it popping up.

So because it was on this scanner, you know tons of other traders are using these same types of scans, so that's what made me think okay people that didn't buy the first spike would but likely buy the first pullback because this is a stock that's a former runner history making big news and there's a headline today, so that's what sort of gave me the confidence if this didn't have news. if this wasn't on the scanner, I might have felt like I shouldn't even I shouldn't even try it I should just I should just let it. You know I should just stop out as it's going down and certainly if it had gone red on the day down here I would have had to bail I was about to bail and I did sell I sold some at 385 I tried to sell on the ask you know kind of a drop down. it popped up I tried to sell on the a sky filled 200 shares and then I couldn't feel any more.

so I cancelled it I put an order to sell at 97, didn't get filled and then I threw out the order 404 and boom I got filled as it squeezed up right here on this candle. So I was like you know what? that's good and even then I was like mmm you know I'm selling here at 404 and it goes up to 415. Maybe I could have held. But here's the thing.

if you're in a trade and you know you're you end up being down 30 cents. If you can get out breakeven that's a blessing. Take the break-even trade you. It's no longer worth trying to focus on this being a big winner because the fact that it was down 30 cents is up pretty much already made it.

so the likelihood that it'll be a big winner is very low. Doesn't mean it couldn't potentially happen, but it's really pretty low. So so for that and I was just like yeah, I'm not into it. so Chris the broker that I'm using is Lightspeed They accept international traders pretty much.

they accept anyone except Canadians and people that are in those whatever Oh fact sanction countries. But yes, so I use Lightspeed I've been trading there for a long time. really happy with speed of the orders. I mean they are so fast it is awesome and hey, Jared welcome.

So yeah. so anyways Bo XL and of course it does a false breakout. not surprising, but I was just kind of happy to be out of that without a big loss. So that was a close call.

Alright, so after that I was like you know what, $135 maybe I should just call it a day I mean I don't know like I'm not feeling it NBD Evie had dropped that one wasn't clean, the scanners weren't that great and then I see a BAC I see a BAC it pops up and hits the scanners and I look at it and I'm like okay, well this was on our watchlist pre-market so I already had the level 2 up and I already had an order ready at 250 because the pre-market high was 240 or 238 which is right around the half-dollar I was mindful of the 200 moving average at 38, but at that point we were breaking over it. So I was like this thing really does look you know it looks good. so on this. ABAC I've got the level 2 up, I've got my order at 50 and I press the Buy button right there I'm like yep, I'm jumping in I get filled at 45.

it squeezes up to 50 and 60 and that's when I was like okay now I'm adjusting my expectations at first you know I thought and and I didn't jump in this right away with like 10,000 shares I took my first 3,000 share position because you know I was like, well it looks interesting but I am kind of I just had a really close call I don't want to have a second one so let's just you know kind of ease into this and see if it's gonna work. So I take my starter and it pops up like 30 cents and so now I'm like, okay, Option 1 is sell half and take the $600 profit. Option 2 is this stock is lighting up the scanner I Mean it's hitting once twice, Three times, Four times, Five times, six, seven, eight, nine times it's up 68% today. The relative volume last five minutes is crazy high.

Relative volume today is crazy high. This thing is taking off. This is what traders look for. We look for this because this volatility is an opportunity.

So as I saw it and you know squeezing up at this point I was like, you know what. uh if it moved 30 cents that quickly, this thing has a chance of hitting $3 And if it hits three and it breaks three, we got chance at hitting a circuit breaker halt number one and number two, there's a chance that it could, you know get up to 350 or maybe even more. So that's where I started to really think this had a lot of potential. So Jason or Sharon and Josh The way: I was able to trade with the $583 I opened an account in the Bahamas Now there's a couple different brokers that are in the Bahamas that our students use.

I No longer need to use them because now my account is above the minimums to day trade in the US. but I started with a $500 Well, $500 was the minimum. so I put in five hundred eighty three dollars. so 583 bucks eighty three dollars above the cushion charged it to my credit card you know, boom and started trading.

So on that one on the broker that I had, there were not at the time a lot of restrictions. I was able to just pretty much start trading like a day trade almost. you know whatever I wanted and I had six times leverage which was awesome. So with five hundred and five times, six is three thousand.

So I'd about three thousand dollars of buying power on my first day. So on my first day, I bought a thousand shares of a three dollar stock and when I made fifteen cents, that was a hundred fifty bucks of profit. I sold the whole thing. So then on day two, I had like seven hundred dollars in the account.

seven times six. Now I've got four thousand dollars in buying power. So I saw another three dollar stock pop up on the scans. I jumped into it this time with like 1200 shares or 16 or 1,500 shares.

Whatever it was, it goes up ten cents and I make a hundred fifty bucks and I sell it. Day three: I've got $850 eight times five, the buying power is increasing. I take another 1,500 shares and I jump in, get my 15 cents profit and make $180 So by the end of that first week, my account was already up over a thousand dollars and I had six thousand dollars. Now buying power going into week two I kept trading making about you know I think not not even fire made maybe a hundred twenty dollars a day and then as my account grew I was able to take bigger positions and things really took off so I could show you my my reports just real quick.

So I go to reports View: I'll go to I'll just look at the first month of January last year. Oops 2017 217 All right so we'll filter this so these are my profits. For the first couple weeks it was $125 187 A hundred and fifty A hundred and fifty for a hundred and Fifty three 258 Nice 283 So here the buying power was a little bit higher. I could take bigger size and then boom 1,700 bucks.

a trade kind of like today just took off next day 800 bucks now I've got my war buying power. it could take bigger positions next day 2,300 bucks. a couple of smaller days thousand dollars here 400 300 there I heard there for her there 1,900 there, 2,000 there and then the big big day 7,500 the next day I got too aggressive and I gave back 5,000 so it was like going up and then down. If we carry this through to the end of three, let's see just Three Five 2017 I Bounced off bounced back from that red day.

that was the red day. two days later I made $15,000 and in 45 days or so I was up Hunter Grant let's see I think I went over a hundred grand on the eighth I think it was was my dog's birthday. yeah it was right around there, maybe the ninth. So anyways, so today on ABAC as soon as I saw it taking off like this I was like okay I'm gonna get a little more aggressive so I take my starter at 2:45 I add 273 and I get a partial fill I try to add another three thousand shares but I only filled 1300 it was taking off that fast.

it then go goes higher I add three at 291 I'm like this thing is just you know taking off I put out the order I meant to sell half and I type out the whole position but I tried to take some profit at 306 I have 70 300 shares at an average of 268. Alright so my cost basis is right here because I've been adding as it goes up and I start selling up here. Hiya Days 320 I'm selling. you know, a little bit at 96, 98, 301, 305, 319 one cent off high a day, the rest at 9961.

So this last position as it came back down I finally stopped out. But just like that, two thousand dollars on that trade and finishing with two thousand One hundred sixty-seven dollars in nine minutes of trading I was done by nine 39 and 42 seconds. So sort of a short morning I would have been happy to look for I mean I kept looking for other trades I just didn't see anything else that looked belg good. Nothing else was really moving.

So I was like you know I'm just gonna I'm just gonna sit tight and that ended up being the right move I kind of was watching a BAC maybe four, you know, continuation back up through the highs the longer it was consolidating, but it just kind of started drifting lower. so you know, a little bit. um, you know, a little bit bummed out and and Paul for the most part for me I only trade for an hour, maybe ninety minutes at most. So from 9:30 to 10:30 11:00 and then you know at that point I kind of ease up and I'll absolutely be more aggressive in a strong market in a strong market.

I would have tried to take 15 or 20 thousand shares and in a strong market. not only would I have done that, but all the other traders like me would have done that and that means a lot more buying and that means the breakout is even bigger and this could have gone to 4/5 for 354 dollars. who knows and boom, that could have been a 15 $20,000 day. The best day I've had in the last year was a forty thousand dollar day.

So I'll have days like that. but it's not dependent on like me and my willingness to take sighs. It's a hundred percent dependent on the strength of the market and the opportunities that are in front of me. If I don't see opportunities in front of me to take that type of risk, then you know it's not gonna happen.

So that's that's pretty much where it's at for me. So yeah, sure. Traders where I did the small account cmeg group or see a CME Group is the one that more of our students are using. Now you can Google them.

But yeah, let's see. The thing is, there's another CME Group that is not. There's the actual CME Group and that's kind of like confusing. but Cmeg trading its Capital Markets Elite Group.

That's who a lot of our students are using right now. So yeah. but and if I do another small account challenge I probably I'd probably do it here. but I'm not sure if I'm gonna do that just because you know, right? Well, first of all, I need across the million dollar mark.

That's the first step seventy percent of the way there and so I've got to. You know, keep focused on that once I cross that level, you know I think at that point I'm gonna be trading more in my IRA probably towards the end of the challenge I have my IRA account here I didn't trade in it in July I didn't trade it in it in it in August Kind of waiting for really good opportunities that I had really strong conviction in and so I once I start trading in it more and I get above the PDT level I've only got 21,000 then I can start really day trading and being more aggressive Keith I actually deposited 700 bucks in December and then they took out platform fees because I wasn't used using the platform in December and so on. January 1st only $583 were left in the account so they took out fees. So that's why I started with 583 bucks I tried 700 to give myself a little cushion but they decided to make it a little more challenging for me.

but it was no problem. So anyways, that's it for me today. Green day. Happy about that! That's three green days for the month of September and you know Friday tomorrow I'd like to kind of take it a little bit easy this weekend I'm gonna be flying down to Orlando for our Inner Circle conference.

That's next week that we're hosting at Walt Disney World So I'll be trading from Florida all next week and you know I'll be on my traveling trading setup which is no big deal. I mean I'm used to doing that, but I'll probably bring down the risk a little bit cuz I'll be kind of. you know, not wanting to take a massive loss and then you know, be in front of everyone. So anyways, that's it for me and I will see you guys all back here first thing tomorrow morning.

9:00 9:15 for pre market analysis. All right I'll see you guys in the morning. Oh hey I didn't see you there well I Was just working on the dream board for my next home run trade. Hopefully it comes soon.

Until then, make sure you subscribe to get email alerts any time I Go live or upload new videos. Until then, Happy surfing!.