What's up everyone? All right? So I've got horrible news. Today is a Red Day recap the first, right? They recap for 2019. So my 23 consecutive Green Day hot streak has ended. And you know what? It's only.

Well, it's only noon time. I Could try to keep trading, but I'm down three grand. It's not the smart thing to do. As nice it is to have a really long consecutive day hot streak, you got to know when to throw in the towel.

down three grand. I'm gonna just let it be what it is. It's been a great month I'm up. Still, even after today 46,000 dollars on the month I've got no reason to complain.

Red days are they're not a big deal. Losing trades are not a big deal I lose 30% of the time I've got about 70% accuracy so you know I lose on a regular basis and some days you just catch a couple more losers than winners and that's that's okay. so you know here's something in the scanner. but I'm not gonna think about I'm not gonna worry about I'm gonna mute that scanner and I'm just gonna do a couple of things.

Got some inner circle students though. I'm gonna have one-on-one sessions with this afternoon try to work with them get they're trading in a really good place and I'll be back at it first thing tomorrow morning. So as usual, any questions, any comments, leave them below give me a thumbs up for doing the Red Day recap. You know these days aren't fun, but I know you'll learn a lot from them.

So I Hope you guys enjoy! I'll see you first thing tomorrow Morning Live 9:00 9:15 premark analysis on YouTube All right so you guys all right everyone. So we're gonna do a midday market recap. Today is the 19th day of 2019 for as far as trading is concerned and unfortunately, today's gonna be my first red day of the year. I Just don't think it's worth trying to go through what I went through yesterday just to get myself to break even.

You know I'm I'm disappointed I Started the morning going into the red by about a thousand dollars on Bo XL I made back money on Jva, got myself up about 1500 on the day and then had a nice $1100 winner on Ocx and was up about $2,400 $2,300 on the day. pretty good. Then I gave it all back on Ocx, got myself down to break even and on the last three grand on em dgs down three grand. So you know it's been a really great hot streak.

22 consecutive green days I'm happy with 23 actually 23 consecutive green days, about 61 thousand dollars of profit over those last 23 days and down about 3,000 today. You know the problem you yesterday is that I I was so fixated on not closing the day. Read that I just I got a lot more aggressive than I really would like to have I traded a lot longer into the day than is a good idea for me. and although I did manage to come out of the day Green you know everything I had to do to get there I don't know if it was really worth it at the end of the day I was only down 800 bucks and I worked so hard to get myself out of the red it was really silly and today you know on when I went back to break-even at that point I should have just stopped and I was frustrated I mean I was just plain frustrated and I took that last trade on MDG s and just totally, you know threw in the towel with that three thousand dollar loss.

So you know at that point I'm below my two thousand dollar daily max loss I really shouldn't keep trading. It would be breaking a rule to keep trading at this point and the reality is, it's probably not worth it. There's nothing that I'm seeing moving. There's nothing that looks really strong.

You know if I saw something that was going parabolic, something that was really, really strong am I thinking all right, you know, maybe I'll keep an eye on this. Yesterday that was a VCO I had a lot of confidence that it was gonna go higher and I was right on it. I did end up breaking the V WEP and getting all the way up to Nine Twenty Five former runner status you know, lots of potential there. and Ocx today, you know I just don't think it has that same potential I Really? don't you know? Is it gonna go a little higher? Maybe, but it's been grinding and I don't think it's one that I'm gonna hit a home run On to the tune of $3,000 which is what I would need to do to get myself out of the hole.

So at this point I'm just gonna say you know what, let's just break the hot streak and not be as you know, kind of fixated on trying to stay green because if anything it's making me more emotional and more aggressive than is really a good idea. It's better just to have that $800 red day and then you know come back the next day centered and focused, then to spend hours trying to trade myself out of a hole getting really aggressive on strategies I don't usually trade, it just doesn't really make sense. So you know this is one of those areas where you know sometimes you are your biggest obstacle to walking away green. and today I was up 2500 bucks and I gave it back.

So why don't we start by looking at the watch list that I had this morning. So this morning we started with OC X is our leading gapper. Let me go to the time frame historical date 922 is fine. So OC X was our leading gap or well, that's weird.

What? what's this about? This isn't correct. Let's try doing the historical scan for 9:20 a.m. There we go. Okay, Oh CX there we go.

So gapping up 123 percent. This is the pre-market chart, but honestly at this time I was just like you know what, it's already got two million shares of volume. It's a 40 million share flowed stock. Really not that interested in it.

I'm just gonna leave it alone. The bell rings, it kind of goes sideways and then rips up here to 533. So this is where I ended up taking my trades on it made about. Let's see right in here I took it.

Actually wasn't really gonna go over this trade first, but whatever, it's fine. So on this one it squeezes up and gets halted right here at 533. Remember I mean I'm using my Tazz market profile boxes on here. so these are an add-on indicator for East signal.

you can see Tazz Warriors calm. This is where you can get them. So you authenticate with this little app that you install on your computer right here and then you're authorized and from that point you can have these turned on. So these help you visualize support and resistance levels with a little bit more clarity.

Now what we've got here is all of a sudden it squeezes up and it hits a high of 533 and then it pulls back. Or sorry, it pulls back. But it gets halted. Its halted at 9:45 and when it resumes I jumped in basically as soon as it resumed at let's see where was it Shh Let me sort my trades here.

so my trade on this one. this was a smaller one I was in with only 3000 shares at 524 but sold at 549, 545, 49, 559 and made about $700 on that trade I then got back in at 540 which was right here for the first one minute candle to make a new high target was high up day. we didn't get quite the move too high a day but I had six thousand shares and I sold that at fifty Fifty nine and forty nine. so you know that ended up being another 500 bucks and with that I was up twelve hundred on the name which is pretty good.

So I'm up 1200 dollars as of right here. two trades and then I got back in it right here. One more trade, six thousand shares I'm in it at 95 and 99 for the break over six it hits 601 and within like 10 seconds drops back down to 575 and I was like whoa and then boom it flushes to 550 and all the way to 537. Just like that last twenty five hundred bucks I went from being up 1200 to down 1200 on the name and with that I went from being up about 2500 on the day to up only a hundred and seventy eight dollars on the day which was so discouraging and of course to see it bounce like right back up.

But the fact is, you know you don't hold something from 99 all the way down to 37. You know if you're holding it to 37 then where you gonna stop out? You know it. just it's just not smart to do that. So you know this was just a really disappointing one because I didn't expect it I thought max loss was like maybe 580, you know, 15 cents I Wasn't expecting a 60 cent drop that quick so that one caught me off guard.

it popped back up but look it kept doing these really big drops. So this one has been I would say pretty hard to trade I mean this has just been kind of difficult. so disappointed on that. ended up losing 1200 dollars total on the name that was off the watchlist and I just didn't trade it as well as I would have liked the other one off the watchlist jva right here.

I'm up 2400 on that one so I'll go over that one in a second. That was my second trade of the day. You can see it right here. First trade of the day was Bo XL which was also on the watch list right here.

2.4 million share flow 200,000 shares of pre market volume a headline this morning 200 moving average at 3:45 but I thought it was at least worth a scalp for a break of this pre market bull flag right? Nice little bull flag pre market top at 320 so on this one I jumped in at 318 for the break over the pre market the top of the pre market flag and you know it drops all the way down to 290. pops back up to 3 right here 307 I get out breakeven I'm sorry I got got at $3 so I didn't sell it to 90 I let it come back up. got out at $3 so on 6,000 shares I lost about a thousand bucks. First trade out of the gates.

boom right into the red and you know with the Gap ago strategy, this is certainly the risk. My accuracy is about 70% 68% So this is just one of those times where it just had a wall here. it could not break that level and it dropped and came back down. So I'm bummed about that I'm disappointed I would have loved to have had that be my first winner.

Target was 330 340 but we didn't get that breakout so started in the red. Jva was the second one I was watching on this one I got a little bit aggressive as soon as it started to squeeze up in this first candle it squeezed up to 570 and when I saw coming up I jumped in I pressed the Buy button at 67, 70, 7683 and yeah, 83. So I actually took twelve thousand shares of this I was pretty aggressive right out of the gates when we started to see it popping up. I think I was actually in on this candle here.

but anyways, it hits a high of 618 and then it comes all the way back down. I'm gonna turn this indicator off here that colors the candles just so we can look at the color of these candles. so so it goes up here like this. it pulls back I'm still holding looking for that one minute.

Campbell to make a new high, it comes up to 99 right here. Doesn't break I sell on the ask, sell on the bid and I bail out the rest of it. It ends up dropping down. It's no good, doesn't hold up all right.

Well on the 5-minute you know it's it's still kind of consolidating. So I end up taking another trade where I get back in it right here for the break. Back over hi a day 6:16 looking for a high? a break over the pre-market high of 620 doesn't happen. I stopped out of that and lose like free hunter bucks and then I get back in one more time right here and it goes up to 634 and it doesn't work, comes back down and I lose another like 300 bucks.

So on this one I had three trades. one winner and two losers. These two losers on both of them I was green but I didn't take the profit I was looking for a bigger win I was looking for a move up towards 650 and we just didn't get it. And then of course here you can see this pretty big drop that's on the five-minute chart.

It really failed and you know that was disappointing. So that was on JV a But it put me up after Bo XL 2015 hundred dollars I was about 1800 and then after my losses I was up about 1400. Then I had my OC Xtrade $1200 a profit there. that put me up 2500 and then I lost it all on that trade hyr II jumped into this one.

it hit our scanner high day Momo scanner that was let's see where was it right around here hits the scanner I jump into it and look at this I mean this is the type of this is the type of stuff we're dealing with today. So I jumped into this hits a high of 75, ends up coming all the way back down and got back out break-even $28 a profit and then we had MD GS m DG s hits the scanner I jumped into it at 286 was my average. it hits a high of 320 I stopped out all the way down here at 250, lost 3,000 bucks I didn't trade ch ek I was watching it look at this one right here little consolidation and then BOOM look at that drop. So you know this is kind of the market that we're in.

Today we're seeing these kind of moves so we saw it on CH Ek we saw it on MD GS we saw it a bit on JV A we saw it a bit on what was it Oh CX So really not seeing super super clean follow-through at this point and I'm disappointed that you know my hot streak. You know, well, consecutive day hot streak is over. A hot streak is just a period of time where you're making a lot of money and today I'm only down three thousand bucks. So it's really not the end of the world.

It's not a big deal. If I end up having another three weeks of green trading, it'll be a six-week long hot streak with one red day in the middle or maybe two red days. It's really not a big deal to have a red day. It doesn't end a hot streak, it just ends a period of consecutive green days.

I Had 23 consecutive green days and tomorrow you know we'll be starting over with day one. But that's all totally arbitrary. Being a successful trader does not mean you need to have 200 consecutive green days. That's not the definition of being successful at all.

so it's easy to get kind of fixated on these little things and to the point where they can actually distract you. And I would say today I was feeling prep while I was feeling a bit kind of I don't know. a little more frustrated yesterday that you know I just wasn't seeing follow-through I kept mistiming Avco pretty deep into the red $2,000 and then dug myself out. Finished up 400 bucks today I'm even more frustrated because I started red which is irritating I got myself up twenty five hundred bucks and then on one trade I lost it all and then I let myself jump into MD GS really aggressively with 9,000 shares and just got slammed back down.

So you know the thing with MD GS is like it's not like I would have had a short bias on this type of stock. You know some people would say well Jase you should just have shorted everything you bought today. But you know the reality is this was squeezing up with a catalyst. It's a former runner and it's a stock with a float of about a million shares.

you know I mean I guess realistically when I think of this as a former runner maybe I'm being a little optimistic because now that I'm looking back on it I'm seeing a lot more red days than green days I don't know why it's was striking me as being a former runner, but yeah, that's maybe a miscalculation on my part there because I'm seeing a lot more. I mean a couple days here and here, but I mean this is a day went from five to seven. but and here's the day: I guess it went from five to ten or four to ten. So yeah, I don't know.

but maybe I was a little too aggressive and that's the tough thing. Some of these ones, like L.e.d.s I no longer think of this as a former runner I used to for a long time it was a former runner and now it's just a stock that pops up and gets slammed back down and I'd say MDG s is probably gonna go into that category as well. So yeah, so on this one, it's not like I would have I mean not that you couldn't have taken a short on as it came back below three with a stop at the high a day, you certainly could have done that. It's just I Typically wouldn't have a short bias on a stock with a 1 million share float on its first spike when it has a catalyst and it has a bit of a history being a former runner.

Because the risk is, you know, this looked like it was about to get halted at 3:20 and it's the type of stock that has the potential to go up 50 or 100 percent in one day. This just wasn't the day and I was wrong on it and that's fine. So I think today I was a little too aggressive on Bo XL Well, honestly, I'm not even gonna say that I wasn't too aggressive. It was a fine entry.

It was a break of the pre-market high, it just didn't work. Bo XL was fine. that was fine trade, it just didn't work whatever. Jva was a little aggressive right out of the gates and but this one also is a former runner with a history of making big moves you can see in here.

Here you go back a little further you know in there. So I think I had the right idea there to be a little aggressive I expected more of it. It really only broke the pre-market highs by like 14 cents. So I'm a little just disappointed that it didn't break out and it wasn't as strong as I hoped it would be.

but you know I didn't okay on that I wasn't crazy crazy aggressive and the scalps that I took right in here and right in here. We're only with 6,000 shares so I wasn't being super aggressive there. Hy re momentum trade off the scanner daily breakout set up on that I think that was okay Oh CX The first trade was a really good one. The second trade was a really good one.

This is a good one minute one minute pullback, one minute pull back there. the the scalp that I tried to take at six you know that was a little aggressive, but I don't know I I really I think that that was just kind of the luck of the draw. but sometimes you get a trade and it just flushes on you and you get that false breakout. This is what we would call false breakout because I hit 601, it broke the whole dollar and then it dropped 50 cents.

So it's a false breakout that's gonna happen sometimes. no matter how good you are, how fast you are, you're gonna have some false breakouts. and this was a false breakout here as well. but then it recovered it and got back up.

So I was like all right, it's strong, it's holding up so I don't know I mean that I think was just luck in the draw bad trade and MDG s was probably the emotional one. MDG s is the one where I was like oh man I just got nailed with a $2,500 loss. this thing squeezing up I thought in my head it's a former runner I'm just gonna jump right in about 9,000 shares and you know it goes up to 320. It's looking good I'm in at 86 and then it just comes right back down to 70 and I'm like eh, you know? Alright well one minute micro pullback.

let's see what it does. We didn't have the first one minute candle-making you high until 251 so I held I held I held it way too long and ended up stopping out right here as it came back down. You know at this point I was like well, I'm in it I guess we'll just see this thing through I Didn't really expect it to come back up too high a day, but I thought you know maybe it'll drift back up towards the 70s and I can get out with like a 15 cent loss. you know, 1,200 bucks.

but I knew my max loss was the low of this candle here which was 51 and when it came back down here I had to get out. So you know I don't hold these overnight I'm not gonna be a bag holder for you know, days and days or weeks and weeks. and so today is just a day where you know I think I had my turning point. was that just bummer of a loss on Ocx and then a little emotional jumping right into em Dgs without really good confirmation just buying as it was squeezing I don't really know, you know the headline was out at 9:00 a.m.

and I just kind of jumped right into it as it started spiking here. You know whoever was in this at 250 and bought my shares I spot my shares from them at 282 86 to 90. You know they got a nice to win and I you know I got the bag and held it coming back down. So that's the way it goes.

You know you, you just can't win them all. This is the hardest thing with trading is dealing with those ups and downs and having a day where you go red and then you go green and then you go back red and then maybe you go back green and it's just not the cleanest action you know on Friday I Made $8,000 and it was like clockwork. I mean it was just easy I came in I did my thing. Eight thousand bucks was done by 10:30 That was a great day.

That's so far the best day of the of the month, but you know in the last couple weeks mostly I've been done every single day by 10:30 coming in. hit in two three four, five thousand dollars done for the day. I'm gonna be up about 46,000 as of right now on the month and was up 6 was up 50,000 yesterday before today but gave you know giving back just a little bit off the top. so about 46 47 thousand on the month it's still a green month.

40k was my goal so got two days left. Just try to be smart in the next two days. I Hope we see some good momentum I hope we see something. go parabolic.

but you know the only thing that's really gone like super parabolic. This kind of month has been MB Ot and that one wasn't even the easiest one. So I'm still waiting for that stock to go crazy. and I just gotta be patient.

You know you trade the market you're in, not the market you want to be in. And today I think I was pushing it a little bit too hard. so I'm disappointed. But Lib to trade another day? that's that's the name of the game and you know I definitely do that.

So 61 thousand dollars in 23 days being down three grand all things considered doesn't matter. Really, not a big deal. Be back at it first thing tomorrow. Hopefully we see some better follow-through Good stocks on the scanners and we can try to, you know I don't know.

Just finished the day Green It's not really even about recouping today's loss. Although the good news is that this is not a this is not by any means my word, the worst red day I've ever had. You know the worst red day I've ever had was 30 grand in the red and the worst one last year was 16 grand in the red and I had a day about a year ago where I had I lost $7,500 and then the next morning I lost another $7,500 So I've seen some pretty deep pull backs and one of the goals is to have my drawdown as minimal as possible. so you know if I start to pull back off my highs a little bit very quickly to just be cognizant of that, adjust the risk, slow down, wait for things to start pick up.

So if I have a couple days where I don't make a lot small wins, small losers. that's totally okay. And then when things start to open up, pedal to the metal, you know back to big share size and try to get those five six seven $10,000 days again. So that's what it's all about.

Alright guys to be back out of first thing tomorrow morning. 9:15 premark analysis. Hopefully we've got another green day. Alright, see you guys later.

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