What's up everyone? Alright, so here we are Thursday morning and another green day of trading of nineteen hundred dollars. So two back-to-back green days. But what's interesting today is that I traded five stocks. Maybe it was six, but I only had one good winner and that one good winner was a nineteen hundred dollar winner and all the others were two hundred.

a profit, two hundred of loss, Forty dollars of profit. a hundred dollars of losses. Just it was nothing significant and that's kind of what the last week and a half and spin a lot of small trades. and the problem is that when you have one big loser like I did on Tuesday that will wipe out three days of small winners I need to have that fifteen hundred to you know, two thousand dollar winner each day to really start to make progress.

I did it last week, made about four thousand dollars the week before me, about eight thousand. So even though those week weeks weren't crazy good, it was enough for me to be continually making a little bit of progress. and then this week star with no trades on Monday last 1900 on Tuesday made back twenty four hundred yesterday. So there's only five hundred dollars about breakeven and now another two thousand today.

so hopefully tomorrow finishes strong, but you know at the same time in this market it wouldn't take much to go right back down another, you know, fifteen hundred. So I got to be really disciplined. Trade the best. Leave the rest and stay focused because it is still August so will break down all the traits today and our midday.

Marco Recap: Do you have any questions any comments leave below I'll come back through an answer later. All right, Enjoy! All right everyone. So um, we're gonna go over trades from this morning. Another green day which is great of 1965 dollars in 46 cents actually what am I looking at 1965 dollars and eighty three cents? No why I wrote 46 but you know what I was looking at I was looking at that right there at the 46.

So I'm just fixed that now that it really matters. but whatever, just be accurate. So um, yeah, ended up being a solid day. Kind of a slow start though.

but it finished well and I had a couple of really just one solid trade that made the day. Now one of the things that I've been dealing with this month is that I've had you know kind of the whole month. It's like the whole day is trades like these ones and I haven't had that one winner. That kind of you know, puts me over the edge and gives me a you know, a nice Green Day It's just been a lot of the the chopped.

you know, 200 here losing 200. they're making 300 losing 200, you know and that's why I've been as of yesterday breakeven on the month despite it being the 23rd which is not a good sign, no doubt about it. I Only have you know, well, 1, 2, 3, 4, 5, 6 days left to turn this month green, so you know that's not ideal. but at the same time you know that it's not the first.

It wouldn't be the first time I've had a red month. Obviously, everyone knows that but won't even be the first time. This year I was read in February and last year I had to read months 2016 I didn't have a single read month. However, 2016 I wasn't as aggressive I wasn't pushing it as hard and so that's kind of that thing that I talked about that that skiing analogy.

If you always stay on the green on the grave, the the green circles, the easy trails, you're probably not gonna fall down. but are you really pushing yourself? Are you really growing as a skier? Are you really your skill And you know if you're having a good time you don't want to, you know you're happy with where you're at then then? okay, that's fine. You know, if you're at an age where you're worried about breaking bones and things like that, you know I'm not gonna push my mom to go down a double black diamond, right? But you know for me I like to push myself a little bit more so I Kind of felt in 2016 that I was I was being conservative and not pushing it as hard and it was kind of. you know I don't know I just felt like I really needed to be consistent and I think I had a month I was going I had this like consistency challenge I had a 55-day green streak I didn't have a red day for I think it was 55 days or 54 days, you know it.

So that kind of put this mentality of like stay green even if it means finishing up only like $200 You know it was just like stay green and that was when I started uploading all my broker statements to the website and you know I just felt like a little bit more pressure that you know I had the spotlight on me I just had to stay green, had to be really consistent, couldn't afford to take the risk, didn't want to have a red month, was worried about how that would reflect on me and all that stuff. And you know now in 2017, doing the small account challenge starting over with $583 building it up now to 700,000 in 2017 I definitely was pushing it more as being much more aggressive, taking bigger size, having some huge green days, and having some bigger red days, bigger red days than I had in 16 but realizing that that was okay and it was okay to fall down and I would just get right back up. and so I've kind of continued that in 2018 really pushing and being more aggressive. I've increased my my starter share size from 2,500 shares to 3,000 shares so you know I pressed that three times I used to be up to 7500 shares I press it three times now and I've got 9,000 so you know four times I've got 12,000 instead of 10,000 So you know I'm taking bigger, bigger size and and the winners are bigger.

but you know the losers are bigger as well. So anyways, today when I got started, my very first trade was on IPAs. Now today, like any other day, starts with our job of finding volatility as day traders were hunters of volatility and or managers of risk. So every single day we're getting out there looking for opportunity.

And so we start by looking at this Gap scanner, which is a scan of all the stocks in the US market that are going to open higher than they closed yesterday. And that's because they're already trading on some light volume during the pre market trading session. Most retail traders don't trade pre market, we wait for the bell to ring. it's easier.

trade markets are more liquid, stop borders work and all that stuff. but when a stock is gapping up eight hundred and thirteen percent pre market, it's something that you kind of figure. I Got to take a look at this and see what's going on. So IPAs was a reverse split setup.

Now this is a stock. They did a reverse split yesterday 10:00 to 1:00 and so actually it was even gapping down slightly. But the scanner looks at it as this was a you know whatever 20s who sent stock yesterday and now it's 20 cents. It's $2 today, so it's got to be gapping up a hundred percent.

So it's a little bit of a false gap, but it catches our attention. We look at it we realized is a reverse split. So on this one I saw it suddenly start to spike up from 210 to 285 and I got in with 400 shares at 285. I tried to jump in with like the 6,000 shares but I only filled 400.

so I feel 400 it opens at the same price. it tapped $3 kind of a seller right there. It hesitates and so as it resumed I ended up selling it at 96 which was a pretty good fill and then it dropped down to 216 which was really an ugly drop. So I've made 40 bucks on it and then it goes sideways here for a little while and I get back in over the half dollar to 50 right here pops up to a high of 260 and then drops down and I lost $80 on that.

so that puts me down 40 bucks on that trade total which is not a big deal so whatever, that one didn't work so well. Next one was Ltr' X this one you can see not on the watch list, not on the scanners. However, once the bell rings then we start watching this window here and this is showing us stocks that are squeezing up right now. A lot of times these stocks are on the scanners Ellijay you and that they're moving up because they were on the scanners.

traders are watching them. but sometimes you get a surprise move. a stock hits the scanners like this: 1 LTR X and it wasn't on your Gap scan, it wasn't on your watchlist. it's just all of a sudden taking off.

So I pulled that up. First thing I do is I look at the chart and I ask myself what's the daily chart look like what's the 5 minute look like I see it spiking up and I'm like ok this is interesting. Clearly it just made a move from like 4:45 up to whatever this is 478. so I end up jumping in it.

Let's see at 475 477 before no sorry 466 with 3000 shares I take a small trade, I sell half up 8 cents. you know kind of sell the rest of it for a small profit. make like 150 bucks I then get back in at 77 and 79 and I'm selling at 83 and 85. Again, this is like a small profit I get back in.

that was Pas IPAs I Well hold on. Where was the last trade on? El TRX I Guess the last one was getting at 79 and selling at 83, 83, 74, 75 and 80. So that last trade was basically breakeven. So my entries here on this work for the break here and then for the break here so that those were the two setups: pull back and pull back, squeeze up to a high of 99 and despite that move, I only made 200 bucks so really didn't do very well on it.

was kind of choppy. The breakouts had these topping candles and then came back down and candle came back down so it wasn't really sustaining those levels which you know was a bummer, but but it's sometimes the case. Alright, so that was LT Rx and then I'm sitting tight I'm only up a hundred and sixty dollars on the day and I'm thinking you know, writings on the wall. the day is dead.

it's done. probably just gonna have to shut it down and whatever I see our TTR hit the scanners I look at it. doesn't look that interesting, pops up, drops right back down. so no trades.

I co bln hit the scanner and it hits once, twice, three times, four times I'm like okay, five times I pull up the chart I see that there's news on it. There's a headline this morning so I'm like okay, that's good. There's a catalyst I look at the chart and it's got room up to the 200 moving average. So I'm like okay, that's a good chart right? doing my checklist.

Is this a stock that's worth watching? Obviously the float is 15 million shares that shows right here on the scanner. It's up 38% on the day. It's moving quickly and you know volume is coming into it in the last five minutes. So I see that and I'm like okay, this looks like something I'd like to jump into.

So I go ahead and jump in at 40 and 40, 40 and 40 I get these weird kind of partial fills it I was I was trying to use a smart route order and it wasn't really working I gotta look into that and then I just added with a regular order it at 50 I was considering adding at 58 I had my order ready to go and then I was like oh I don't know I'm in this a little high, it's kind of like 10:30 Maybe I should start reducing my risk I then added at 59 tickle it took a little bit of profit, a little profit to in her shares and then changed my mind said no way I'm adding on this I'm gonna go for this. move higher it pops up to 86 and I sell half the high a day was 86. That's awesome I mean I don't usually top tick these but on this one I literally sold half of my position at 86 at high a day. So that was nice and you know the way I was able to do that is just by watching the level 2 and using my hockey.

it pops up I throw my order out I get filled so that was cool. It then starts to drop back down and I sell as it's coming back down and I sell my last share I ended up with nine shares, sold them at 41 so in total that was nineteen hundred bucks. So that was a good trade and it came kind of out of nowhere off the scans. but I had a good chart.

you know everything looked good about it so it was worth a stab. The entry there was anticipating a break of the half dollar with a target of 50 to 55 60 and it ended up just working really nicely. So solid trade there. that was the one that made the day and then I lost 280 on SL s this one it popped up and I ended up getting in at 16 on this little micro pullback.

it hits 18 and then I stopped out at 12. so I only lost four cents per share on six thousand shares. I'm in at sixteen seventeen and back out at twelve. Whatever, it was worth a stab the way oh I also had this one so it was worth a stab the way it was starting to squeeze up but it didn't I thought it would keep going but it didn't Aw X was the last one someone calls it out and says hey, take a peek I looked at it, Bought this little one-minute micro pullback thinking it would go higher and only made a hundred bucks on it.

It really didn't hold up and then came back down. It was kind of a riskier trade, but on the daily chart again, this one starting to open up and has room all the way back up to 679 so it didn't happen today. But you know this, this is a chart that we want to keep an eye on. The problem with this one in contrast to OB Ln is no news so you know kind of starts popping up, but not a strong catalyst for the move and that's a problem.

So anyways, that's the breakdown of making 1965 dollars and eighty three cents in one hour of day trading. So a decent morning and we back at it first thing tomorrow morning. so hopefully we'll finish off the week with another. Green Day I've now made about $4,500 in the last two days, so that's awesome.

I had no trades on Monday and then I lost 2,000 on Tuesday So it puts me up. You know, 3,500 on the day or on the week, or right around 3000 on the week. so it's not. or maybe around 2,000 on the week.

It's not the most impressive week right now. Last week I made $4,200 the week before I made 8,000 this week I'm up only about $2,000 so I'm still grinding. It's a grind, but that's okay. You know, making a little bit of progress is good and staying in the market keeping fresh is important.

and then when we do see things start to open up I can always, you know I can always start to increase share size to be more aggressive Yury So in the example of 6,000 shares, I put the hot press the button for the hot key twice two orders of 3,000 shares I pay two dollars per trade with Lightspeed So two dollars per trade. Yep, it cost me two dollars for each one of those. So four dollars total. but I really don't I really don't mind that.

So Alex all the trades are right here in this this window. So if Yuri watch this video on on YouTube as I'm going through and saying okay, this is where I got in this this is where I got in that you can look at the timestamps here and see where I got it. Alright, so anyways, that's it for me. I'll be back at a first thing tomorrow students.

We've got class at noon time. Alright, so we're gonna keep going on. Chapter 8: Reversal Trading and Short salad. We had a great class yesterday and we've been doing about three, three and a half to four hours a day for the last I think 12 days.

So we're up to about 36 hours of of course work and we're only on chapter 8. We've got all the way to chapter 15, so you guys are troopers for going through the class this quickly with me, but it'll be really great for all the students who get to watch it when we upload it into our learning portal because they can go through it one chapter at a time. Re-watch chapters and you know all that stuff. So anyways, class in about an hour so I'll see you guys there.

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