What's up you guys? All right? Well finishing the week here with a red day. Red Friday. That's never how I like to finish the week, but uh, it's just what it is today. So read on Xpev, Read on Ntnx, red on Cl Eu, Green on Vvpr, green on Mdgs.

So red on three, Green on two five stocks. I traded down nine thousand. uh, plus a little bit under ten thousand, but kind of right at that mark. I'm still trying to set ten thousand as my max loss mentally on the day, and per trade at about five thousand.

I had uh, two five thousand dollar losers and two three thousand dollar losers. And then I also had a 7 500 winner. So anyways, it all. kind of, you know, sets balances out, I guess.

but at the end of the day here. Negative: Green on the week by about 40 000. but read on the day, so you know, a little disappointed there. I, As I'm thinking about going into September, August is traditionally a slow time of the year, and things start to usually pick back up, going into the fall.

so September and then October, November and December progressively getting better, usually peaking at my historical best months of the year November, December, January, February, and then sometimes cooling off going into the sort of late spring and early summer. This year has been different this year. uh, increased in, uh, April into May, peaking in June, a little bit less in July, a little bit less here in August, and so maybe it'll dip down again in September. Or maybe September will be sort of the bottom of this pullback before going into a strong fall.

or I? I don't know, You know. Again, it's It's hard to say it's speculating, but um, that's kind of. As I look at the trends, both on, you know, an intraday level. the last few days have been choppy, but then also on a sort of monthly level, and then even just on a yearly level.

This year has been so different from any other year that I've ever traded in. I mean, it feels like my whole trading career kind of has led up to this small little window in time where we've had absolutely incredible opportunities unlike anything I've ever seen before. Maybe like traders who were trading in the early 90s and then all of a sudden had this, you know, dot-com bubble surge that create a huge opportunity. My hope though, isn't that it? It's just a small window of time.

My hope is that this, uh, continues. I mean, obviously that would be amazing, but we'll see what happens. Just have to ride the waves of the market. Be there for the momentum.

And this week it was a little slower. a little fewer and further between finding those big momentum stocks, but we got a couple and so going into next week. and as we start the new month, I've just got to be a little bit more conservative. Stick with kind of what's really within the core of my strategy for day trading, because this week I had, you know, a couple unnecessary losses on Netflix and a couple other large cap stocks, which although I had the profit cushion to afford to take those risks next week going into the month of September, I'm not gonna have that profit cushion.

So back to basics, focusing on what I know works the best both for day trading and swing trading. From the swing trading perspective, today I've got two swing trades both on Amazon and Apple that I'm looking at realizing basically 100 of the profit potential on them for the credit call spreads. Oh actually, Apple's a credit call spread and face Amazon is a credit put spread. But looking at realizing max profit on both of those those trades I've been holding for several days and it'll be like 6 700 bucks.

So it's not a lot. But if I can keep doing that each week, then that swing trade account keeps growing. You know, kind of in nice steady increments. While on the day trade side of things, I'm a little bit more aggressive trying to get those big winners, but also sometimes having those big losses.

So going in next month got to stay focused on both the sort of best quality swing trades and best quality day trades, at least until I have a profit cushion to afford to take a little bit more risk. All right. So um, again questions? Comments: Leave them down below. You want to give me some feedback or some thoughts on this month from your own trading or from what you've seen in the market with me.

Um, I'd love to see it and hear it and I'll see you guys first thing on Monday morning for the last official day of August. All right, See you guys there. All right you guys? So uh, we're gonna do midday market recap: Finishing the week with a red day down nine thousand red on three stocks, green on two losses. You know, in the range of five? 000 on the losers winner, 7, 500 on the winner at Mbgs basically break even so.

kind of a, um, you know, tough day, tough finish to the week. Ntnx is the last one. I was just trading and I, um, I actually went short on it like right in this candle here thinking that it was going to break down here and come back down towards the volume weighted average price. So I was looking at this as like first, second, third pullback.

Usually the fourth one fails, but it has been strong. so I was short and it popped up and I covered the loss minus 2000 and then flipped along for the break over this level right here 14. uh which ended up being okay. It went up to 43 but it didn't sell.

I was waiting for the break over the half dollar to take some profit and it didn't break that level and then it came back down here and on this candle I stopped out. So you know now on the five minute you've got this red false breakout candle where it faked me out to the short side and then faked me out to the long side. so got caught in the chop on Ntnx Cleu. This was one that I was read on as well.

I bought on this pullback right here and stopped out as it broke the volume weight average price Xpv, Xpev. I took a trade on this pre-market for the bounce off. Um where was this? No sorry. This was for the break through the first five minute candle to make a new high and then I added off of 24..

So my entry was right here, then added off of 24 and was down 5 grand at the open. Made back that loss on Vvpr buying the first one minute pullback and that so far was the cleanest trade today. This first one minute pullback right there. I actually added at six and then was adding on this move higher so that one was a nice one but unfortunately, um you know it wasn't enough.

uh to really make up for all the chop today. So at my best I was up 2600 and now at my worst I'm down 9 000 and for me it's kind of. I'm at a point where on the day it's not really worth it's a Friday, it's 11 a.m The writing is on the wall that you know that last attempt on Ntnx was a little bit of a stretch. I was down three grand and trying to get myself back to maybe break even.

Was it an A Quality setup? No. Was it volatile? Yeah. Did it provide some opportunity? Yeah. But again, you know when you're trading subpar setups you have to expect choppiness and I got chopped out short and then long.

And even right now if I flip short again right there, right bounces right back to 28. So you know this is a little outside my go-to and I don't know. I mean again, you can always be critical of yourself and say I should have done this, I shouldn't. You know this and that sometimes you'll go outside your your go-to and you'll end up having a great day so you know over the long term.

I think you do have to look at that and say how what if if you can have the discipline to track all of your trades then you could say over a long period of time how does going outside my go-to generally work out? Is it generally hurting me? Is it generally helping me and unfortunately that requires a a level of taking notes on. you know, every trade you take much more than than I'm currently doing So you know I can't really say with certainty at this moment whether or not branching outside of my go-to is in the sort of big picture helping more than it's hurting. But what I guess I could say is that I think the more you trade outside your comfort zone, as long as you have a profit cushion to afford it, the more diverse you'll be in your trading strategy. So sometimes you know trades like on a stock like this.

even though I I could have you know, done without that six thousand dollar loss. On the other hand, venturing a little outside my go-to strategy and taking some of these trades uh, over the course of months and years will make me more comfortable trading these types of stocks and eventually presumably, uh, you know they're I'll be net positive as a result of venturing outside the go, too, but you know, of course it's tricky, and if you're at a place where you don't feel like you can afford to venture out, then that's where you have to just stick with what you know works. And so, anytime I've had a period of difficult trading, you know, for whatever reason, whether it's false breakouts or just a bad month, that's when I've said all right, I've got to go back to basics. I have to focus on what I know Works.

I can't afford to. you know, sort of dabble in some of these other areas that are just a little bit more iffy as to whether or not I'll really be consistently profitable. Um, you know everyone has their own strategy, which I I think is obviously important. So the question of would I be willing to trade more like this person or more like that person.

It's the strategy that is kind of a reflection of your personality being willing to trade grinding stocks like this where you're sort of in a positioning yourself just for a longer term hold and you're not really looking at the one minute chart. Or you know, Whatever the case is, it's just a different strategy. I mean, if I did that, I wouldn't be comfortable holding the same share size that I would hold using a one minute setup. Right on a one minute setup, I might be comfortable holding ten thousand or twenty thousand shares because I'm staring at it, I'm watching it.

I'm very dialed in. But if I was going to trade on, you know, a longer time frame and plan to really just sit and let it work. I'm not going to put 15, 10, 15, 000 shares just out there. I'd have to trade with smaller size.

The problem with scaling down and trading with smaller size is that naturally your profits are going to be smaller, right? so there's a sacrifice to that. Now on a stock like this, this may be one of those stocks that trading it on the one minute chart is going to result in net losses, whereas trading it on the five minute chart, even with smaller size would result in net profits just because the one minute's choppy, the five minutes a little cleaner. You know sometimes that is the case and you you look at it and feel like oh boy I would. I would have done better had I just sat and held this to the short side.

I went red and then would have been back to green. To the long side, I went red and it would have been back to Green right on that pop. And now I'm back to Red. So it's that's.

always a little tricky, but so this is where I'm sitting right now on the month. Um, this is. uh, so let's just go for August here. So this is the month of August.

This is the fourth, a note fifth red day of the month for me, which is kind of discouraging I guess. But um, we've got one more day on Monday to finish up the month, so hopefully I can have a green day on Monday. Mondays usually are pretty good. I had one red day here on Monday, but usually Mondays are pretty good.

so hopefully I can have a green day on Monday. and as I sit right now, I'm at 474. before today. So today's go drop me back down to 464 in uh, gross profit average daily gain: 25 000.

So again, you know to have a ten thousand dollar red day or sixteen thousand dollar red day. Those are okay, as far as keeping within the the range of not giving back more than one day of profit so I could easily make back. Um, you know today's ten thousand dollar loss. Yesterday's ten thousand dollar winner Minus sixteen Forty six.

You know you see it. My average this week is Forty six. Fifty six Sixty six. Back Down to fifty to up down forty.

So I'm up Forty thousand dollars on the week. In fact, this week I would have done better if I had just stopped on Monday. But you never know that there's no way to know that. And so we show up every single day to keep trading and waiting for those opportunities.

And this week has just been. I would actually say that it's been a little slower since. I guess maybe the 11th here these last three weeks, you know, was when I started to have a couple red days kind of start churning water through this area. So through this week I was kind of like flat red green red red back to break even of those two days red.

You know, back to break even by this day. Green green green and then a drop down green. Another drop down here. so you know I'd have to get back tomorrow or on Monday.

I guess I would have to make back. Let's see, I was my six. I'd have to make back. like fifteen thousand dollars to close back at my high of month, but it doesn't.

That doesn't really make a huge difference, there's that's just. I mean again, just just the calendar. So yeah, it's been a been an interesting month. uh, a good start, but then started to get a little choppy and slow down a little bit in the last couple weeks.

August and September are typically my slower months of the year, but this is the best August I've ever had in my entire career. Almost half a million dollars in profit, gross profit. It's a amazing month. In fact, in this month, right here, I actually made more than I made trading.

Um, in an entire year. I mean, this is. this is like a yearly profit right here. and to do it in one month, it's amazing.

It is. I would say a little discouraging that this month my profit loss ratio has gone down. I've had a couple of bigger losers. uh, you know, I think I've As a result of a really strong month in June and a strong month in July, I was swinging for some, you know, kind of home run big trades.

Even though usually that's not a good thing to do. I, I definitely did it a bit. this. um, this month and you know, going into September it's a new month and so I've gotta start with trying to build my cushion.

First on on the month and see if I can get myself a little bit in the green. But because this is going to be kind of a continuation of this, I mean as as it is right now, sorry go to Overview calendar. You know the last few weeks have been choppy. so I'm going into September coming off a little bit of a choppy streak here.

This is a time to be try to be more disciplined in this area. I think I could afford to be a little bit, uh, you know, a little bit more. you know, trading outside my wheelhouse because I still had such a big profit on the month from up here. But now as I go into September, that's different.

I'm going into a month and I have to be a little more conservative as I get the month started. I can't afford to be trading large caps, probably the way I have this month. Not until I first have a cushion. Now ultimately I'd like to get better at trading all different types of stocks.

That's only going to make me a better trader. I think we would all feel that way. but you got to pay your bills first. you know, make sure you build that cushion Herbalife Today there was a great two bounce off the 200 moving average right here.

I mean this was. this was picture perfect. I had the order ready to go at 44 and I said you know what, The risk is too high, the risk is just too high. Um, and you know I think it was high risk, but definitely had the right Id on that one.

I didn't trade it ntnx kind of had the wrong idea on the risk was lower, but I still lost six grand on it. The thing with Herbalife is that because the move was related to news, I was worried that it could get halted and then the risk would be all the money I have in the trade. You know I'm I'm stuck so that risk would have been substantially more. But anyway, so I I think going into the weekend I never like to have a red day on a Friday.

It always leaves me feeling a little like oh man, that sucks. Um, you know I'm gonna think about it over the weekend. Dug myself a little bit of a hole here. I wasn't even fully out of the hole from Wednesday.

I lost 16 000 on Wednesday, made 10 000 yesterday down, you know, almost 10 000 today. So yeah, that's annoying. but it's just it's part of the deal. And I think it's if you think about this in like a competitive sports kind of way.

You know you never like to lose a match. Whatever your your or your game, whatever you're thinking about. Tennis, ping pong, you know, baseball, basketball, football, whatever. You never like to have have a loss.

but it's almost impossible to have you know a straight season of wins. And and even in tennis, if you had a straight season of wins within matches, you're still going to have individual games that you lose. I mean, that's just to be expected and so what. You know what drives us to come back after having a loss? You know? Yeah.

Does it feel kind of bad to have to have a loss to have a red day? to lose a couple games, to lose a couple sets? Sure. But then there's that kind of that excitement and drive of being sort of. you know, the underdog and trying to make it back trying and again not to revenge trade but but to try to get back. Um, back into the driver's seat because that feeling of the recovery and then back in the driver's seat is such a gratifying feeling.

it's like yes I did this. Now I'm back in. You know, back in the driver's seat of the of the day or the week or the month or whatever it is. So even from just one small red day the the feeling of kind of a little bit of discouragement.

But then on the other hand, okay, I'm gonna regroup. I'm gonna get this back together and tomorrow this is what I'm gonna do. so you know. The challenge today was that we didn't have a great Gap scanner.

Our leading Gapper was Nsys and that was a fail. It gapped and faded. Mdgs was our second or third leading gapper. This is the one that I traded, but I only made 600 bucks on it.

I didn't make that much and then Xpev was further down the list. It's a recent ipo stock. It was a higher risk trade and I don't know. You know I.

I kind of knew it was higher risk but went for it anyways. And then boom. Five grand. You know, then the next one.

um, cleu that was on the scanners but lighter volume. I didn't get in it down here. I didn't I just missed it. and then I kind of.

you know, I bought it. I ended up buying it high and when it flushed down there, I got a good size loss. and then Ntnx. I was kind of, I guess, grasping at straws, hoping to catch something.

uh, maybe fading since it felt like it was top heavy up here. But I was. I was wrong on that. and then I was wrong on my long.

So sometimes I've talked about the risk of flipping flip-flopping. You know, going from long to short in one move. I think that this is one of the times where that was a fine setup to do that right here. I mean, obviously would have been better to be long exactly at the price.

I was short, but I think it was okay to flip-flop for the first candle to make a new high. It just as it turns out was a false breakout. So there's a false breakdown which sometimes results in a short squeeze as it you know surges up short sellers like in this case me cover into the breakout and so I flipped along and we did get you know, 20 cents there from my average of 28.18 up to 28.43 But I didn't take the profit off the table because I was looking for that to be the beginning of a five-minute setup and I thought on the first one-minute pullback it would get bought up. And then I stopped out here when it flushed down so ah, couldn't get that one timed right.

It is what it is, so I'll be back at it first thing tomorrow or first thing on Monday, hopefully with a better, um, better start to the week. Uh, then I'm finishing this week here on my options trades. So uh, these trades on Apple. Uh, selling the 555 or 550 calls those are worthless.

They're going to expire worthless so I'm in good shape on those Apple. Um, as we know we've got reverse splits come or traditional stock splits coming up on Tesla and Apple so I'm gonna wait uh to see how their what the options market looks like on the uh sort of you know when when the new price is in. But these these should expire worthless today and I could cover them right here for a debit of like one cent. But remember that I'm going to pay a commission on that.

So the commission is. you know, 20? I mean 13 bucks. which is really stupid that it's that high. I should call them.

But anyway, in any case, um, you know I'm gonna pay the commission on that. so I'd rather just let that expire worthless, try to keep every penny I can. And same with this. it's at 35 cents by 28 cents.

These are the 3200 Amazon puts and Amazon right now is well above that level. So those should expire worthless by the end of the day and I'll keep that five six hundred dollars in my in my pocket. So nice weekly swing trade there on those options trades. I'm not going to add anything today.

I was trying to add Netflix the 580 strike call spread, but I I couldn't get filled on it and I'm gonna wait so I'll see how things look on Monday morning. All right. So I hope you guys have a great weekend and I'll be back at it first thing on Monday morning And that right there was an entire video with no ads. I don't monetize my Youtube channel with video ads, which means you guys get to enjoy the content.

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