Alright guys, time for our midday market recap. Go over the trades from today. We are in slow summer trading weeks here. We've seen a few opportunities but not the way not not what I look for, not what it typically I would expect.

So we'll go to the trades from this morning. I Only took one trade today although I tried to get filled on Mnk at 37 94 4,000 shares Mnk 37 94 Let me pull up the chart on this one. This one was a little disappointing I tried to get filled right down here 37 94 popped up to a high of 38 50 so you know that might have been a couple thousand bucks but obviously didn't get filled so camps my orders. That was a little annoying.

so that was on Mnk. The other stock I trade today or the one that actually got filled on was CLR B and this one was a little disappointing because you know we had a decent free market chart gap and go set up now. I said I Was a little concerned about two things on this I was concerned because we were coming up to pre market or two we were coming up to the 200 moving average which is at 2:30 and I thought that that could represent possible resistance right up there, that purple line and pre market. you know we if we were a little on the weak side and I was a little worried about that.

so you know when the bell rings I said you know what? I'm just going to try to scalp this. My target entry is two bucks Entries Two dollars. Target is to sell it to ten, maybe to fifteen. So as soon as the bell rang, tons of volume came in and it squeezed up to two bucks and I was like this looks good I'm just going to jump right in I jumped in with ten thousand shares and added another five thousand.

You can see here: I'm red on the trade. got in. let's pull this up so filled at 99 it pops up and I try to sell and look at sell Order Rejected Rejected Rejected I'm using my hotkey to finally I get filled 7,500 shares of 93 I try to sell again Rejected Rejected I sell another half at 91 I try to sell again Rejected Rejected Rejected Rejected Those are all of my orders getting rejected Finally, I was able to again Rejected Rejected Rejected Rejected Rejected All of my orders to sell were getting rejected. That's how many orders I was placing to try to sell this dang stock and my orders kept getting rejected.

Finally, I was able to sell the rest at 189. You know this is one of those things where you just I mean it's just. it's just part of the deal. You know it's like your car breaking down.

I mean sometimes these things happen. They called the broker. this never happened to you before and I've taken 15,000 share positions multiple times. It said the error message would I that I was exceeding gross participation or something like that and they said that I had a limit on my account of 10,000 shares and I was like, well, maybe that's true, but I've taken more than 10,000 shares a ton of times.

So this is the first time that's happened and cost me extra. You know, whatever. 500 bucks, 600 bucks so what can you do? It's annoying, but it's just what it is. so we're You know it's not the great best time to have an issue with my platform, but just simply because I'm already you know.

Read on the month from read trades on Wednesday and Thursday I was green on Monday and now read again today on Tuesday. So I'm just kind of in a little bit of a slump not seeing a lot of follow-through in the market. As soon as I jumped in CLR B I could tell there was a hidden cellar on the ask I jump in and I see all this buying I like 250,000 shares of buying and I'm like this looks great, all this buying going through or - and there was a seller for like 200 shares and it wasn't moving. So people buying, buying, buying buying.

This guy's not moving. He must have sold a quarter million shares at two bucks and then finally all those people who bought said alright, forget it and thrown in the towel, They give up and boom it drops down and tried to get out quick to minimize the loss on that false break. But then because the orders I'm getting rejected ended up being a bigger loss. So it ended up coming back up and snapping over to and then dropping really quickly.

Probably trapping some more people who got back in and you can see this thing's just been fading all day. So talk about a weak move. Just really disappointing. And how was CL N2 yesterday, right? Our Gap and Go stock yesterday.

How did that one trade? It was red all day long I Mean it just. it popped up and then faded. So this is a market that we're in. The one stock today that was really active was my okay and clearly the best potential entry was right down here at 32 on this flag I was sort of half watching it, but the problem is this one has been trickling.

The spread right now is 15 cents and this is actually fairly tight. It's a fairly tight spread, it's been 37 40 cent spreads, it just trades really wild and I'm not really comfortable trading stocks with those types of spreads you can see earlier this morning right here, this dropped from 30 to 40 all the way down to 31 10 and then back up. So I'm sure there's some people that got smoked on both sides of this alongside. In the short side, the way to trade these is to try to buy on the bid as it's dropping and sell into the moves.

On the upside, I'm not really good at that strategy I like to buy on the ask I like to buy into strength, not into weakness. That's just the way I am. So it's a little counterintuitive to for me to buy this down here at 32 and then I look away I look back and you can see on this one candle, it popped from 32 up to 30 to 75 and then boom. it just continued from there.

So at this point I wouldn't trade this 5-minute set up. This one might have been okay to scalp, but again, when you scalp when you're a scalp trader, you're taking small gains. You're trying to take like 15 20 cents of profit. As soon as you buy this, you're down 25 cents because of the spread.

So that means you can't really scalp. I mean a scalp on this stock is like a 40 or 50 cent winner. That's still a pretty good sized winner. So to me, the what would be the safe share size? a thousand shares probably at most to start.

and then I start to think about the risk reward and I'm like, well, I'm risking 300 to make 300 or 400 you know? Could I make a couple thousand on this? Maybe but I'd have to hold it for a long time. It's just not going to be that easy to move in and out of. so on this one that just didn't feel comfortable. So no trades for me and no trades on it yesterday.

Being five cent tick makes it pretty much not interesting to me although it's obviously shown some opportunity so that was that mnk the other stock. I Was watching for that bottom bounce, put out my order and I didn't get filled just because I was a little bit too slow I guess. But my entry was for the first Camel to make a new high right here. so you guys can see this is a really simple setup.

First, camel make a new high after that consecutive down stretch and we got a little relief bounce $0.50 So not the biggest winner ever, but you know, $0.50 with two three thousand shares. Not bad. I Was trying to take four thousand even though I was below my max loss. My max loss is $1,000 I Kind of felt like well, you know this was a sort of a fluke or a strange issue that happened this morning.

This looks like a good setup I'll take the trade, but after this opportunity, it sort of just felt like you know what? I'm not feeling it not having a great day. so I'll just come back tomorrow refreshed and hopefully catch a couple good winners out of the gates. But the reality is on a good day. If I see a really good quality set up, a quality set up I can make four or five thousand bucks.

so I don't want that one day to be getting me out of the hole from all these days where I'm just kind of you know, taking these low-quality set and then getting smoked I'd rather not trade and then just take the a quality setups. so I didn't trade it on Friday There was another day last week or the week before that I didn't trade and that's kind of how I'm feeling right now. It's just not worth it now. I'm also looking at some swing trades to take for myself because the month of June and July have just been really slow for day trades.

So I'm starting to think I'll take a couple day couple swing trades and you know if those help me make an extra thousand bucks here or there, that's going to be pretty good considering the bounces. These few months have been so slow and day trading has been a little bit more frustrating just because we've seen so much choppiness where stocks pop up and then get slammed back down and drop down that's squeezed back up. It's just inconsistent, and trading an inconsistent market is definitely much more difficult than trading a market that's consistently strong. So stepping back a little bit away from the 5-minute charts and focusing on daily charts is not a bad idea for any of you guys.

It kind of slows things down a little bit, allows you to kind of generate maybe a little bit of passive income a little more hands-off and then yeah, when we start seeing really good opportunities, well, that's the time to get aggressive. So so far this week the only one that was on my watch list for a swing was Facebook I was considering it but I was like, well, it's awfully expensive and that's 100% true a thousand show So this is $170,000 I've only got $60,000 in my account so I'm not going to swing trade on margin. so I'd really prefer to find a smaller, lower price stock. a small cap is possible.

But and I you know the calls op You know, trading options on this would have been a possibility as well. but I kind of like to keep it simple, not have to worry about time decay, just take simple outright stock trades and you know, buying it ten bucks. So stop at 980 targets 10:40 or whatever it is, just kind of keep it simple and not make things too complicated. So anyways, that's food for thought.

but right now just sitting tight here as we come into the lunch hour and hoping that we see that really good opportunity. you know, either later this week or into next week I mean it just would really love to see some good opportunities. So you know I've talked to lighters in the last two months, both who have a long bias in you have a short bias and I haven't seen that traders who are short are doing incredibly well. I've seen a lot of traders who are short who got chopped up in July and lost money and same with June So I don't think it's necessarily that well.

day trading, the long sides not working I should just switch Shore It seems that it's choppy on both sides and so that's why. I'm kind of thinking focus on day trading the best quality setups and then step back a little bit and take a few swing trades on. you know, setups that look decent and you know what maybe the swing trade will basically mean I'm looking for really, really good quality daily charts and if I get in it and it ends up going 20 percent intraday, then yeah, that's a great trade. they'll take the profit.

but I'm also prepared to hold it for a couple days based on the daily setup, so that might even strengthen the quality of the day trade just because it has a stronger daily setup. So that's again some thought and you know work. I'm just trying not to get irritated that the markets slow or that I had the misfortune of not getting my orders filled properly today. It's just part of the deal.

Alright, so that's it for today. Warrior Pro Mentor Session for beginner traders Beginner students students who are in classes 1 through 5 will be at 3 p.m. Eastern today so students will see you in class at 3 p.m. and everyone else will see you first thing tomorrow morning back here in the chatroom.

All right, Thanks guys! I'm great afternoon. Oh hey I didn't see you there Why? 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.