All right. So coming to the end of the week here and locking up another Green Day which is great. This has been a, uh, a terrific week. Five green days in a row starting on Monday with a nice big $10,000 plus day and then Tuesday Wednesday Thursday Friday Just solid green days back to back to back.

So you know the ratings this week have been strong pretty much every day. I've given on a scale of 1 to 10 a rating of you know, a four to a five. maybe a little higher on some days, a little lower on others. I Haven't necessarily crushed it every single day, but we've had good action, things have been moving and that's what I like to see.

So today was no different. Uh, we started the day. the the top Gainer scanner right now is painting the picture of the market as it sits at this moment. But of course you know this is not how it looked when I first sat down at 7 a.m.

So at 7: A.m. Acon was our leading gapper. Uh, right here. AC and this stock as you can see has come down quite a bit.

if you look at the chart, does it have a recent reverse split? Yes, it does, but this one didn't fit the profile to me for being a stock worth considering for the recent reverse split bounce which I taught a lesson on yesterday, it's on YouTube if you guys want to watch it and the reason is because it already did the recent reverse split bounce right here and it bounced this day and then sold off all day long. So it squeezed up pre-market and then the bell rang and that's why it's a big red candle. Okay, so it already did the reverse split bounce. So when I saw it bouncing up here I was like no Aon I am familiar with the stock and it's It's not one that was easy to trade, so definitely not interested.

But it was up like 50% or something like that. It was up a lot when it was hitting this High here at 700 A.m. of 481. Okay, so that was our leading gapper and then we had, uh, Pbla.

Pbla was our second leading gapper and I traded this one. Um, I was okay with this one because it was, uh, a recent reverse split that I felt met the profile pretty well. All right. so it had sold off for quite a while.

Reverse split. It hasn't had the reverse split bounce and now here we go. Today it's up. Uh well, it hit a high of over 100% Right now, it's up 42% So the the only thing about this one was that it wasn't the easiest to trade.

It was a little a little jumpy. All right. So so it pops up here at like 5:45 a.m. and then it sells off, completely, goes down here as well below Vwap, and then squeezes back up at about 710, goes up here to about 720, and then comes back down to the Vwap.

Now if you recall from my last couple of days of trading, I have had both on Wednesday and Thursday My first trade was a loss and I went into the red and then I spent the rest of the morning recovering that loss before finally finishing green. So today I was like let's try not to do that. let's be a little bit more picky on that first trade. So I ended up being pickier on my first trade and I got in Uh Pbla at about 7:30 for the break of $6 All right.

so this one was a very quick flat top breakout scalp. So I got in at $599 $6 here and it went up to about 630 and I locked up $450 of profit on that trade. Not bad, right? Yeah, it breaks the ice. It's a green trade.

I got to be grateful for that. Is it a home run? Of course not. but it's it's a base hit. So I'm getting myself in the green.

It sells off here and I added at 580 and 560 for a bounce trade I Thought 580 was going to hold support of this blue ascending support line, but then it went lower and so I added down here off the 20 moving average. Yes, this is an averaging down situation. uh, but I was averaging down off of Uh key I was adding on a key level and then I was adding on another key level which is, um, the 20. I could have also added at the Vwap but at a certain point you got to cut it Loose Anyways, it did bounce up I got a nice little win on that.

then it sells off a bit more comes back up I got back in as it broke over Vwap right here. 530 goes up to about 550. it pulls back down but these were all small winners. You know this wasn't like none of these were Big Winners as you can tell and I'm only up like $800 on the stock so you know it ends up dropping down kind of going sideways and then at the open Pops to Vwap and then Fades hals down and that was it.

Okay, so that was the first stock I traded, but I got myself in the green 800 bucks. So then Pcsa from yesterday starts popping up and when it first started popping up, I was like I don't know guys. I'm not sure I trust it. You know yesterday it made a huge move.

no doubt about it, but there were sellers all day long on it yesterday and I was like I think we're going to see an offering right? I think we're going to see a news news of an offering so I was like I don't know about this Anyways, it pops up here to 640 it sells off and as it came back up I took a little trade here on the break of 640 I end up making about $300 on the first trade and then I got back in. where was my second trade on it? um oh my second trade I got in at about yeah it was right actually here on this candle. I got in for the break through 690 for the squeeze through seven and it it failed. So I lost 200 on the second trade.

My first loss of the day but a small loss and then I was like I'm done with it. Guess what happens right here? News of the offering. Boom! So we did get the offering news. kind of thought that would happen.

$7 million offering and um it was a priced at $4.50 Okay so then CR BP comes up and when it first hits a scanner at about $10 the spreads were crazy I mean it was like1 1060 by $10 or $10 by 1060 big big spreads. So that was down in this area here. so I was like no I can't trade this goes up to 11 all the way up to here almost 13 and then drops all the way back to 11. 2.

drop big spreads, pops up, drops down, comes back up right here back to 13. uh and on this move I ended up getting in with 500 shares was like you know what? I'm just going to take 500 shares. let's just see what this wants to do and as it's going higher, I'm scaling out into profit so you know made like $500 on it. Not a lot about dollar a share average.

then it drops here all the way back to Vwap. then it rips back up and when I saw this sign, um this might be a little hard to read but once you once you see it, you can't unsee it. um these are little devil horns right here and like those are the eyes. this this is the face of the devil.

this is uh when you see this on a chart you want to steer clear. So once I saw that I was like oh man it's the topping tails that that kill it, the drop, the bounce back up, then it comes back up and then it drops again and then it comes back up again and I actually traded it right in here I got in I was like you know what I'll take a small trade 250 shares. Let's just see, maybe I can scale up to two or three thousand shares but I just start small and it just stalls out like nothing and then finally it breaks through here and I got a trade on that I got in at 6650 I add it 17 I added at 1740. what was the high? 1739 1725 Something like that? I was looking for that squeeze higher and then it drops back down right here and I stop out, break even and I was like gosh darn it.

This is annoying at the open I got in at 17 it pops up here to1 1850 I took my profit. it drops back down, then it rips back back up and halts up. Then it opens lower at 17, dips to 17, then it rips back up then back to 17 sideways at 17. sort of.

You know there is some support there. around $17 a share, but honestly now now it's halted up at 20 I just didn't feel like I could tolerate the risk. that's a thing for me I was like I just can't handle the risk of on this one and you know psychologically, I'm kind of like I want to go into the weekend on a green trade I don't want to get crushed on a Friday that's a fun way to finish the week and this is a type of stock that could crush me. Uh yes, it's volatile I could hit a home run on it, but I could hit a big strike out even with small size because the volatility on this is so intense.

So even though it's halted up right here at 2071, it's actually right now projecting a lower open. so let's see what this does. So it opened a little lower, there hit a high of $22 a share. But if you look at the level two on this and this might not be the best example right now.

But um, so you know, fairly big spreads. sellers have been stacked at the whole dollars, so there's a seller at 22 right now. Next H level is 2250 so it blew through that, you know. So now you're getting some.

You know now you're getting some momentum and it's just this issue of like, all right, well do I get back in this thing or do I just accept that this one, for me was not the easiest to trade and I just don't want to push it and I'm going to be more conservative Today Part of that is it's early in the year. You know, while it's later in the month, it's early in the year I Want to try to be consistent I want to hit my base hits I Know that those add up and you know this price range can be tricky from something I noticed earlier in my career it's not. It's not as much true now, but something I definitely noticed earlier was that some of my biggest losses came from stocks in this price range. When you start getting over $20 a share, you can lose a dollar a share like that.

and when you're used to taking four or 5,000 share positions, losing a dollar a share, you're down four or five grand Like it happens so fast and I could see it happening so fast on this because I've watched it happen several times today already. So once a stock proves that it's willing to do two point flushes which this has like five times. you just know you have that risk whenever you get in. So yes, getting in off support is great, but you still have that risk.

So for me, you know my attitude right now is consistency. You know be the turtle just slow and steady. That's what. that's what it's got to be about right now.

You know and try to keep your head down and stay focused and not get distracted by these you know, sparkly exciting objects. which unfortunately, yes, they could get some home runs. That's the that's the You know, that's what makes them attractive, but you know the other side of it how easy it is to screw it up. And next thing you know, you know, you turn a day where you know you're up a modest $1,400 into A5 $6,000 red day and you're like, you know that was definitely not worth it.

It's easy to say in hindsight that it wasn't worth it. It's very hard in the moment. So one of the challenges right now is that because this is going higher, it' be very easy for me to say that you know I'm I'm a dummy I'm stupid for not buying this right because it hindsight's 2020 right? So if it had gone lower and on the resumption dropped and halted down, you know you look like a hero. You're like, that's right? and it's It's very difficult when you spend your time judging yourself.

sort of in hindsight because the fact is, in the moment I was working with a knowledge that I had I was working with what I had already seen and I made at the moment what felt like the right decision and I think it was the right decision even if the stock goes higher and I could have made money on on it I could still say that it was the right decision to not take that trade because at that moment the downside risk for me outweigh the upside potential is the way I was analyzing it. Now it's You could argue that my analysis was off on it. but but I don't think you can underestimate the fact that this definitely had or discount the fact this definitely had. You know two points of downside risk considering we'd already seen so many of those flushes.

so you know I I guess I urge you to be careful when you're kind of qualifying your decisions during the day as being good decisions or bad decisions by doing it based entirely on the outcome because you can also have a I could have bought 20,000 shares and I'd be up 60 Grand on this right. In theory, I could also be down 60 Grand So if I was down 60, Grand I would look like an idiot like that was so reckless gambling. What was wrong with you. But if it works then you're like oh, you get yourself a pat on the the back.

You got to be careful about that. You don't want to give yourself a pad on the back when you break your rules. You take bad quality trades and you just get lucky because there is a degree in the market of luck, right? I Mean we don't know what's going to happen when we take a trade. We have a degree of predictability based on the patterns, pattern recognition, and this and that.

But then there's that rest of it that's kind of just up to the luck of the draw. The same exact pattern on one day works well, the next day it fails. Same exact pattern you know on two different stocks performs differently, even on the same day. That's just kind of like the type of thing that we just deal with.

So yesterday on Pcsa one of the reasons I think it didn't go as high as it could. it was because of the offering that was coming. We sort of knew that and then all the shares that we were seeing being sold. So you know that one.

Um, that's sort of that luck. Factor Like that company was doing an offering, another company, not doing an offering. You could get a much bigger move. So you know right now, Crbp is showing a 2394 resumption.

So it's like, all right, it's gapping up a $150 a share. There's no doubt that there's going to be some traders that lock up some big gains on it I'm not going to be one of them and I have to remind myself that that's okay and I have to look at this and say hey, you know what? That's a good day That's more than a lot of you know average people make in one day of work which really realistically was only like 3 hours of work. And let's not forget that this is just one day in for me. What is a long track record of profitability? So you know you never want to allow one single day to hijack you and potentially blow up your account.

I I Think that you know when we're talking about blowing up accounts here. Who whose accounts are potentially getting blown up on this kind of move? I mean probably short sellers who shorted too early got on the wrong side of it and you know now they're getting squeezed out. But also there will be traders to the Longs side who chase these moves who get in too high, who Market in and then all of a sudden it flushes. You know, one person right now doing a 50,000 share market order or something like that could dump the stock and then all of a sudden you're looking at a potential halt down.

and if it halts down, it opens lower so you know it's um, it's just a reminder that hindsight is always going to be 2020. and if you've made a little bit of profit, you've done a great job and you should be proud of yourself for that. And if you spend all your time comparing yourself to other people or you know, doing the hindsight analysis of every decision you made and showing how it should have been could have been would have been better if I had this, this, this and this, you're going to get yourself into a real emotional spiral, right? So you know that right? There was like a fivepoint move from the top of 27 down to 22 halt level down 2258. So you know I mean for for what it's worth on even just 2,000 shares, it's a $155,000 swing.

It shows you how quickly money could have been made on this if you had the courage and the confidence and the cushion to take the risk. but how quickly you can give it back so that's something I say all the time. Easy come easy go. This one definitely made some big moves today.

Uh, it would have been nice if we didn't have the topping tails. you know, because these all I think for a lot of Traders create a real sense of risk and I think for short sellers, this probably created the belief that it was going to fade down, which ultimately, um, you know, didn't happen. But but even this halt up right here, the fact that it opened lower and then topping tail and that halt up there, it's like is that going to happen again because once you see a pattern happen once, you start to worry about it happening again. So anyways, three stocks I trade today, finishing the day up $145.

32. Not a huge day, but you know most likely if I can help it if I can help it I won't have any record-breaking um trades this year which is I don't want to have any record-breaking losers for sure and to have a record-breaking winner at this point would require me to take a level of risk that I probably wouldn't be comfortable with taking. You know, my record-breaking uh week was during GameStop and you know, short of us having another GameStop type of trade or stock I Just don't see that happening anytime soon and so that means nothing. This year should be a recordbreaker to the upside or the downside.

So each day is just in between. There'll be green days, there'll be red days, but none of them should be significant enough to really emotionally move the needle. For me, it's just coming in, locking up a a couple of Trades and then moving on. So you know, a couple weeks ago I had a red day.

It was, uh, last, no last Wednesday I had a red day and I said you know if this red day is going to be water under the bridge you know, three or four days from now, five days from now I don't want to spend another moment thinking about it and here we are. You know, a little over a week later I recouped all those losses within like three days. So I'm not going to spend time getting bent out of shape over a couple of red days. I'm not going to celebrate or do anything crazy when I have a couple of green days, I'm just coming in and focusing on consistency.

That is what it takes to be a long-term Trader There's a lot of traders who come in, they go big, they go big, then they blow up, and when you're a newer Trader there is a feeling of um, I have kind of nothing to lose, right? Because you know if this doesn't work out then it doesn't work out and I'm just out of the game. Uh, but for Traders who' have been doing this for a long time and who have invested years and years or decades or more of their life into this, we we can't allow. You know we've we've built up too much. We have too much time in this to ever possibly allow one day one trade to end it all.

So we're constantly thinking about risk and that's something that really does separate the beginner Traders from the traders who have been around for a long time. I See a lot of beginner traders who will make you know 501 $200,000 in short order. you know within a few months and then they'll lose it all in a couple of trades, right? and some of them will re re set and rebuild and others are just out of the market. I Think more, just are leave, they're gone.

so it's just something to think about. And um, I really think that to be a successful Trader Long term, you have to be consistent, You have to be disciplined, you have to be patient, and I'm not perfect with all those things by any means. There are times where I you know, lose my patience and I get frustrated I take a Fomo trade I'm subject to that just same as anyone because I'm I'm human. But uh, traders that will succeed long term will more often than not be able to maintain that control of themselves and walk away at the right time.

That's the big thing walking away at the right time. So maybe some would say I walked away too early today, but on the other hand, got $1,400 in my pocket I'm finishing at my high a day. Can't really complain about that. so I'll be back at it first thing on Monday morning and I want to remind you, as always, trading is risky.

My results aren't typical so manage your risk, take it slow and we'll see back here first thing Monday Morning.