What's up everyone? Alright, so here we are Friday morning I'm finishing the day up $2,500 and that puts me up about five thousand Five hundred on the week. That for me right now is is great considering we're in a market that's pretty choppy for small caps. We've been seeing a couple of small caps this week that had a tremendous amount of volume with slightly higher floats Xon Edie AP Today, both of them not easy to trade I captured profit on EDA P and I think I got a little something on a Xon but just small wins. They're not home run type of trades, it's just really, it's kind of like a scalp trading market.

So when you're a scalp trader, that's about being a base hitter, getting a little bit of profit and getting out and using a little bit of smaller size. Because if you're trying to take ten cents profit, you can do it on twenty five hundred shares. you do not. Five thousand.

you might be able to do it on 75 hundred. Doing it on 10,000 and 15,000 shares starts to become more difficult because of slippage. So I'm gonna mark it right now where I'm gonna be happy with five hundred a day A thousand a day this week I averaged a thousand dollars a day and that's good. Green is good and I'll be back at it first thing Monday morning and you know, continue to try to rebuild the account a little bit after that big red day last week.

So you know right now my equity curve. it's been up, then down up, and then down, up, and then down generally still up. which is awesome. And right now after that dip on last Friday I'm working my way back up and so the first target is to get back to my all-time highs and you know I'm still about ten thousand dollars off that level.

So I've got a little bit of work to do I need to have a good week next week and a good week the week after. I Really I need to have good training for the rest of June just to get myself pretty much back to where I was and maybe with a little bit of profit on top. All right, so let's break down today's trades and today's midday market recap. So just reviewing the trades from today and I was just talking about the hot streak in the cold streaks and this last hot streak that ended last Friday was a $73,000 hot streak made 73 thousand dollars over the course of about a month and then I lost sixteen thousand dollars at the end of the hot streak.

and the problem for me is that if the market was still hot, I'd be able to make back sixteen thousand dollars in a second. I mean I can make it back in in a day in two days, but when a hot streak ends, you go in too often a cold streak and kind of a just a choppy market and so right now we're in a market. where $500 to $1,000 a day is. You know that's good money.

That's about the best I can do. and unfortunately it means it's gonna take that much longer to get myself back to where I was. You know before that big loss and that's kind of how it always is. You know when I have a five thousand dollar loss in the middle of a hot streak and the next day I bounce back with five thousand dollars.

To me, that's like okay, the markets strong I just happened to have one loss. Whatever. I'm right back at it. But this week I haven't been able to bounce back with four or five thousand dollar winners because the market just hasn't had setups that give us that opportunity.

And so it's been a market where I've been forced to. you know, just take the base. It's so twenty-five hundred dollars today a five thousand on the week mix back. you know about a third of the loss from last week.

So one big step down and you know, lots of little steps forwards. gonna take a little time, but hopefully by the end of next week I'll be in pretty good shape. That's that's what I'm hoping for if things start to open up and today being the best day so far, I'm thinking maybe the tide is starting to turn right? Maybe we're starting to open up a little bit so we'll see what Monday has in store for us so you can see the stocks. I Trade today TP Ivey Big winner there.

Well, the big winner relatively speaking. 1,300 bucks, 500 on MBV, X, 400 on EBA P and 190 on dere. All right. So I'm gonna drag this down here to there.

So remember, every single morning for us starts the same way right now Some of you guys many of you were in our webinar yesterday which was a lot of fun and as as as usual, we maxed out the webinar software so we only had 500 seats, but there were thousands of people registered so the people who got in first got their seat and everyone else wasn't able to get in and that was. We didn't realize there was that cap on the webinar, but there was. So we're gonna have an Encore webinar today and everyone who registered to the one yesterday. We're gonna email you the links so you can watch the Encore today, so just heads up on that.

But as we were talking during the webinar yesterday, we're talking about how to find stocks to trade. That was one of the secrets and this is something that a lot of beginner traders struggle with. And and you guys are so fortunate because you're learning to trade. in a day in age where technology has made the market so much more accessible, more accessible than ever before, so it's no longer hard to find stocks to trade, you can literally find stocks to trade in ten minutes each morning.

Ten minutes each morning you can find stocks of trade. Don't believe me? All right. Well, this is how it happens. This is our scanner.

This scanner right here is searching the entire market of, you know, fifteen Twenty thousand stocks. Whatever it is for stocks that are gapping up more than 5% If they're gapping up more than 5% they're gapping up more than the standard deviation of the regular market. And that means there's something there that's worth taking a second look at. All right? So I take a second look at all these.

So generally I focus on the gap errs that are in the top ten of the list even if we and so that's like this area right here, even though we have some others down here. I Focus on the top ten and so just like that you narrow down the list from 15,000 stocks to about ten. All right now from ten, let's go down to three. All right.

So the first gap are here. EDA P 28 million share flow gapping up 80% on 2.6 million shares of volume you can see I made almost 500 bucks on it. Alright, so EDA P this one. we pull up the stock, we see that there's news this morning actually was after hours on FDA clearance.

It's strong. It's got a very clean daily chart so we have a bias that this is one that we would want to be trading to the long side. All right now. this doesn't tell you where to get in right now.

We're just talking about how to find stocks to trade. so that's evap. Second one down is Cvrs. This one has a 130 million share float.

wouldn't trade it. It's also below $1 dpw below $1 Not going to trade it z um, z $30 not going to trade it Craig Okay, interesting, but only 200 shares of volume. So then we want to see. well.

does Craig have news? and when we check and we see that it doesn't, that makes us think all right, it's probably not going to be worth trading. We're gonna leave it alone so that one's off the list. SVR A At $10 a little on the expensive side, you can take a peek at it I'd like to find stocks under 10. So this one, as it turns out though, ended up opening and squeezing up.

So there would have been an opportunity on this one. so that would have been a maybe a Phb. This one's a possibility. Eight dollars, eight point, four million share float.

Not bad. 5,000 shares of volume. You know. Again, not bad.

P A VM A little on the cheap side, around a dollar. You know this one's kind of a maybe, but you know that that's pretty much it. And then a I PT that's a maybe. So we've got right here.

one stock that we're watching. That ones the one we're gonna watch the most closely because it's our leading Gapper and these ones will keep on watch. And so in my level two window each morning I've got four stock so I'm able to watch. Alright, so this morning I was watching EDA P and and that was really it I wasn't really watching these others because I wasn't that interested in them.

Alright, the bell rings EDA P starts to pop up I Get in for a breakout. Alright I buy this. I wanted to buy it at $4 but I got filled at 404, pops up to 412. It drops down to 383 when it comes back up to 412 and double tops.

I end up selling it for a 300 dollar profit. Alright, so I'm in and then I'm out within this little two-minute period. Alright, then get back in at 419. It pops up here and does a one-minute micro pullback.

I add it for 1920 500 shares and I sell it for 24 I see a big seller at 425 so I sell I take my fit. Two trades, two winners $444 Breena's good, all right. So at that point I'm like, okay, I've got a little bit of profit on the day, you know what's what's gonna be next And even there wasn't really anything on my watch list that was still looking good. So at that point I said okay, Gap scanners I found EDA P That gave me four hundred dollars, a profit, almost five hundred and now I need to depend on this scanner here again.

This is technology making the markets more accessible to you, making it easier for you to find stocks to trade. But just because you find these stocks doesn't mean you're gonna know the proper entries. That's where the education comes into play, knowing the right place to get in the right place to set your loss. Max lost all right place to set your profit targets.

So TP IV hits the scanners. it starts squeezing up initially. I'm not sure about it the you know it looked interesting I just I wasn't totally sure. so I waited I said I'm gonna be a little bit careful on this I Waited right here for a 1-minute micro pullback.

Okay, so a one-minute micro pullback. We talked about this in the webinar. That's the three four candles moving up and then the couple of candles. a pullback.

The entry is the first candle to make a new high. Alright, so that's why I got in TP IV right here at four, four, seven, forty, seven, forty three. And yes, so that was my entry right there on. TP IV Alright, so that's right here.

Getting in, it pops up to 774 with three thousand shares. That's a winner. That's seven hundred bucks. So it pops up I take a little bit of profit it then pulls back I sell it, consolidates and does another one-minute micro pullback and then BOOM off to the races.

I Was a little bit worried about it because I saw it double topping at this level here and here. and one minute micro pullbacks don't always work. So I was quick to take my profit, but it ended up going and squeezing all the way up to eight dollars and 80 cents for my initial entry at 7:42 880. That's not bad at all, right? That's a really nice move.

I got back in as it squeezed up right here. with my best exit being eight. let's see my best. it was a 879.

no actually I had I sold 1500 shares at 885. two cents off the high a day. That's not bad at all. All right.

And then I sold the rest coming back down. So in total I made $1300 on this stock. $1300 and that's great. And this was the first one that we've seen in the last couple days that made this big of a move.

So that's why I'm thinking that maybe the tide is starting to change because this is a pretty nice move. Another one that took a trade on MB VX jumped in off the scanners at a dollar 40, pops up to a high of a dollar 70 and then it comes back down so this one didn't show strength. Really? I Mean it, it gave me $500 but it didn't really hold up. That was right off the scanners as well.

So TP IV on the scanners evap dere it was off the scanners as well I took a small scalp on day or $190 ended a dollar 50 selling at 50 to 53 it hits a dollar 58, it pulls back and then it goes back up to 165. So you know a little winner on that one. Nothing you know, super big but right now that's what we're doing. It's base hit trading.

It's get a little bit of profit because you know it's just trying to. you know, make a little something during this market. some traders would say look, if there's not homerun potential I'm not even going to take a single trade right? I'm just gonna I'm just gonna leave the whole thing alone I'm not I'm just not gonna trade this market. but the problem is then you start to get rusty.

it's good to stay. you know, kind of fresh with what's happening and you know really just kind of be be in the market because then when things start to, the tide starts to turn like they did today, you want to be able to, you know, really capitalize on it. So if I'd been sitting on the sidelines I probably wouldn't have traded today, right? I would have just been sitting and you know, just just kind of waiting. Alright so you know that's pretty much it for today, I Mean it's kind of a slow day.

We had a couple small traits here and there Mb V x TP IV but you know, nothing really that exciting. It was just, you know, a little little base hit here, a little base hit there. but it tolls out to $2,400 so I'm happy with that. And you know I'd love to see this momentum continue going into next week.

That's what I'm really hoping for that we see. you know, Good follow-through on Monday and you know maybe we're at the beginning of the next hot cycle. This has been kind of well because last week last week ended with a red day, but the first part of the week wasn't really that great either. So we've actually been in.

this is gonna be let's see one two. This is the third week of Choppy Markets. Alright, so 5500 is good, but I'm gonna right third week Choppy markets for small caps, right? Because it's just kind of been. You know, base hits haven't been getting big winners or anything like that.

The biggest winner I had was Let's see two weeks ago when I made $6,000 on a Wednesday but I have lost 6,000 that previous Tuesday So I bounced back quickly, but that kind of was sort of the beginning of things really starting to slow down. So the next day I made a thousand the next day I made seven hundred. So things really started to slow down. Alright, so you know that this kind of weight is an April was really strong in the first two weeks and slow in the second half.

May was really strong in the first two weeks and slow in the second half. Now June is continuing the slowness from the end of May And so this is where it'll be interesting to see if June picks up in kind of the middle of the month. Usually you know we've been seeing a lot of strength the beginning of month, but maybe this month we'll see strength kind of in the middle. That's what I'm hoping for.

I'm hoping we see strength somewhere during the month of June So I can you know try to make a little bit more money? but $5,500 this week? That's not bad. Thousand dollars a day? You know, a thousand dollars a day Being conservative is pretty good. Alright, so anyways, that's about it for me today and we'll be back at it first thing Monday morning Again, those of you who were registered for the webinar yesterday but couldn't attend. We're gonna have an encore today, so check your email for that and I hope to see you guys there.

Alright so I hope you guys all have a great weekend and we back at it first thing Monday morning. Alright, I'll see you guys on Monday Oh hey I didn't see you there while 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 anytime! I Go live or upload new videos.

Until then, happy surfing!.