What's up everyone? All right. So finishing the week here Friday with a wild card green day, I was not expecting it at all. pre-market you know, was up early watching for breaking news and of course reminder. Um, if you didn't already, check it out today 12 p.m I'm going to be teaching this class on scalp trading breaking news.

By the time this is uploaded, that class will probably already be live so you can check that out after you watch the recap if you'd like. So uh, there wasn't a lot of great news this morning. Tblt uh is up a fair amount right now. it's up.

uh let's see change on the day 25. it's at 7.20 pretty high short interest on it. uh, fairly low flow stock and traded it made about uh, 980 dollars on it. so a little bit but but not a lot.

Uh, there were a couple others that popped up but I didn't trade them, didn't wasn't really feeling it. And then at the open all of a sudden, Pgy from Wednesday the stock that went from like three dollars or four dollars to eight started squeezing up from five to five fifty from 550 to six, Six to six fifty to seven, to eight to nine to ten all the way to a high of eleven dollars as of right now. So I traded it and I was conservative at the beginning. Reminders always.

By the way, my results are not typical and most traders lose money, so you should approach trading cautiously. Practice in a simulator before you put real money on the line and don't try to blindly follow me or anyone else. Really take it slow because this is risky stuff. This last month of the Bear Market has been sort of the slowest seven months of Bear Market here, and the last month has been sort of the low.

It's been very slow, small green days, have been trading with smaller share size and so today when Pgy popped up, I took my first trade with a thousand shares, jumped in with a thousand, jumped out, made like 300 bucks. I was like all right, that's good, You know, puts me up 1200 on the day I got back in. again small size, thousand two thousand shares, got a couple more trades on it, made my way up to fifteen hundred, sixteen hundred, seventeen hundred dollars. Then it starts to pull away a little bit and I rallied up.

uh, on the P L to three thousand, four thousand, Five thousand on the day. Five thousand is the daily goal, but I've only hit it once this month, so it's been a slow month. Uh. And then it kept going and I got myself up to six, seven, eight nine.

just under 10 000 on the day, which is a great day. It's actually the biggest green day that I've had, um, in, you know, about a month. So one of the things I'll talk about during the recap is that my strategy for keeping my head above water during this Bear market has been trading with smaller size. That means the winners have been smaller.

And that's a bummer when I've had stocks in the last month that I've traded very well, but I haven't produced as much profit because I haven't put as much money at risk. But on the other hand, the reason I've done that is because I don't want drawdown. This isn't the time of the year or the type of market that I can take a 15, 20, 30, 40, 50, 75, 000 draw down and be able to quickly recover from it. So my biggest draw down in the last month is only about three thousand dollars.

That's very manageable. So in other words, my account from 583 dollars to over 10 million has not drawn down by more than three thousand dollars in the last month. So I'm hovering right at the very, very high. The highest profit that I've ever produced as a trader and I.

That was where I was at coming into today. So today I was able to approach this conservatively, get green on it, and just add profit. I'm not digging myself out of the hole right now. This is very rare for me because usually I I do get in this situation where I take a couple big losses and I dig myself out of the hole.

But it's not where I'm at right now. It's because of a very conscientious decision that I made last month to reduce share size. I felt like this summer's going to be it's going to be long if I keep. you know, just trying to swing big with big size and have you know, big green days and big red days and let's just smooth it out.

Scale down and I think that's been. this has shown that that's been a really good approach. All right. So okay, that sounds good.

All right. So that's it. I hope you guys enjoy the recap. Um, I hope you had the thumbs up.

I hope you had a good day trading. I hope you had a good week and I hope good. Okay, and I hope you. uh, check out the uh, the live class from today on.

Uh, Scalp Trading Breaking News. We didn't have any of those trades today specifically, but we did have a number of them this week and I'm sure we'll have a number of them next week, so it's a good idea to learn a little bit more about how that works. Alright, so that's it for me. I hope you have a great weekend, enjoy the recap and I'll see you on Monday morning.

All right. Well, it's about 10 30 so I'll do a recap here of trades from the day. uh, Pgy currently up 90 93 right now this is you know. we ended up getting a wild card Friday on this one.

Um, we traded it earlier in the week. Uh, actually I did not trade it on this day. it was moving earlier in the week, but I didn't trade it on this day. Uh, and then we were watching it yesterday.

But I didn't trade it yesterday either because it didn't uh, form a good setup. Um, you know, today just under 10 000 is, uh, you know, almost. I mean it's almost double my daily goal of 5 000. So that's a pretty solid day.

It's the best green day that I've had in a while. And you know what's been getting me through the last month of this particularly slow stretch in the Bear Market. We've been in a Bear Market for six months, seven months, but this last month has been particularly slow and what's gotten me through has been trading with small size. So you know, when I was in Martha's Vineyard, um, doing that trading challenge I at the end of it, I remember remember in the beginning of June being up like I don't know 20 000 and then giving back almost all of it in in two days.

Um, or maybe I was up 30 and then I finished up only 10 000. After 10 days of trading and I I felt pretty frustrated and I felt like I was just trading with size. It was too big for the market that I'm in and I was being too aggressive and so I made the decision to set a share size cap of 10 000 shares, which I've now been using for the last like six, well, a month. a solid month.

And of course naturally the green days have been smaller because I've been trading with smaller size. but the red days have also been small. And so coming into today my account was at all time highs. My account was at the highest it's ever been coming into today even in spite of this Bear Market.

And so today's profits just adds 9 300. You know, to my to my total profit. it's not digging me out of the hole. so you know.

On the one hand, for the last couple weeks I've been trading pretty conservatively. I haven't really been making a lot smaller green days more in the range of a thousand to three thousand dollars, but I've been trying to be really focused on risk and feeling like I just I wish I could take big size, but I just don't trust it. I'm just too nervous and maybe it means I'm missing some opportunities, but I just I just don't feel like I can afford to risk it. And so that's been keeping my my head above water.

And now finally today we got something that I could get pretty dialed in on. Traded pretty well even with small share size and 10 000 is my max, the biggest position I had on this stock was probably only 5 000 shares. I did not go big on it. Uh, you know the volume, the spreads, You know, I just didn't feel confident going big on it.

All right. So uh, this one popped up at the Open right here. I mean, it's basically just gone from the open all the way up here to a high of 11.. So the reason this one was on watch and I mentioned it during the the Morning show this morning when I was going through my watch list, I said Pg, Pgy, it's on a side chart.

It's a possibility why? Well, it had that big move on Wednesday, went all the way up to eight, sold off hard. We were watching it yesterday morning thinking if we get back over six, maybe we would have a nice trade on it. It wasn't able to get back over six, but when I sat down this morning, it was still one of the charts that I had up. you know, as a continuation stock and I thought, you know it held up pretty well yesterday.

What I thought might have happened, um, was that this was an arm. This was a shoulder. This is the head right here. This is the second part of the shoulder and that we were gonna really come right down hard.

And the fact that we held up all day yesterday made me think okay, maybe it's worth watching but I said pre-market I was like there's no volume on it right now, there's no fresh news. so I don't know, so just sort of. I was like I'm gonna leave it as a side chart just in case. And literally the bell rings.

Uh, the opening bell rings and this thing just starts squeezing up. I mean it just pops up right away there to 620, it pulls back, it moves higher and I started trading it right away. This was the five minute chart. So on the one minute chart, let's back this up.

it pops here up to six and this first candle up to 550 and I actually got in this right in this candle here for the break of six. So that was my first trade right down here at like 550 560. we got to move up to six, a pop up to 620, a pullback, a pretty steep drop and actually bought the dip on this small size thousand shares, Bought the dip pops back up to six, nice trade through the highs and I traded this all the way to Um 650 and then this break to Seven 729 all the way up to here. And I really, uh, let's see.

So when we got up to a high of 674 675 at that point, there I was up two thousand dollars. On the day I was up about 980 on Tbltnos, up about 1100 on Pgy and then when it broke right here, this is where I sized up. It comes up to seven. So we have this resistance right here at 674.

I tried a couple times to catch the break and I didn't catch it. and then when it comes up, it rips through 674, it goes to 7 and I was like all right boom this is the time to punch it And so that was one of my bigger positions. So let me look back at that one. Um, so I actually took on that 5 000 shares for the break of seven and it immediately rips up to 729 micro pullback and then up to 754 up to 769.

And that trade put me up over 5000 on the day. So that was a nice trade, hits 777, it pulls back, and then it does it again. Very similar pattern. It rips back up through eight and I bought for the break of eight, hits a high of Eight, Ten Eight Eleven and then it pulls away up to Eight Seventy four, then up to a high of eight Eighty Eight pulls back, pops up to nine, and through this area I just kept actively trading it, buying the dips and buying the breakouts.

not with big size 1000 share dip 10 cent pop 15 Pop 150, 200 Whatever it was Three thousand, four thousand shares. by the time I'm scaled in for the breakout, catching that squeeze through the high up to Ten eighty. So my last trade on it um and my best exit was 10.77 which is not bad. My So my best entry on it was around 5 55 or so and my best exit was around 10.77 So I did a pretty good job trading.

Uh, the bulk of the move. at least you know as of right now maybe it goes higher. but you know, for this morning stretch. Um, you know, the I I suppose.

The only thing if I was going to say I I could have done better on it. Um, I could have traded with larger size, right? That I certainly could have done. I could have traded with 10 and 15 000, 20, 000 share positions. The break of 674 could have sized up.

this break of 777 could have sized up more. This was a nice dip, a sharp dip, but then rallied right back up. And that was that right. There was a dollar and a half a share almost instantly.

So there were a couple spots where I could have stepped up. Um, and the thing is, I started to trade. I started very conservatively with a thousand shares in my first trade, and by the end I was trading three thousand and forty five hundred shares a little bit more frequently. but I had a couple where I got in and I was like, um, I'm in a little heavy relative to what I've been trading.

It's pretty extended and I'm afraid that I'm about to catch a 30 cent flush. And so unfortunately, I started to feel like I couldn't really afford to take that level of risk as it was getting higher. So you know the best time to take that bigger share position is very early in the move, if not on your first trade, maybe on your second or third before it gets really extended. But uh, you know I, I just didn't have the confidence to do it.

It's Friday, this is. Um, you know I've been green five six days in a row here. Um, every day this week has been green. You know, being up two thousand, three thousand and then five thousand dollars was I was like that's a great way to finish the week.

That's a great day. So when I got myself up seven and then up eight and then up to nine, I just felt like all right, let's slow down. I don't want to go for that big 10 000 share trade for the break of 10 and then catch an 80 cent flush and go from up 9 300 to up 2 grand. It's not worth it.

Not right now. This is a big win, you know, psychologically certainly for the account, it's a nice win. It's the biggest green day of the month of July. Uh, we only have a week left for the month, so you know we're kind of coming into the you know home stretch for July and it's been slow with the exception of this one here today.

Now if we go back here on Wednesday, Um, I didn't trade it at all and this did make a pretty nice move right here and I didn't trade it. I felt like I couldn't take the risk on it. Um, if I look at where I was at on Wednesday in terms of profit, that might, um, give us a little insight to sort of what my thought was. So let's see.

Um, so on Wednesday. So on Wednesday I was up 1500 bucks. you know, which all things considered is a decent day. Um, and I think at that point when this started to pop up, it halted up, but on light volume, it opened higher, pulled back kind of hard.

from five all the way down here to four. That's a pretty big pullback, even to 390. and then it broke over V whap right here, which you know I'll say was a really nice trade and Manoli got that trade. Uh, you know he's been really dialed in on this one actually.

but you know he got that trade there for the break of five. Very clean. I saw it, I was like I can't chase it and then it pulls back again from five back to 450. Then it comes back up again and I just sort of was like you know what, it's getting too late in the day for me to, I just need to walk away.

So I left some money on the table by not trading it on Wednesday. it was pretty pretty big waves, you know, up and down, pretty big swings, but um, you know it certainly did. Um, um um, he, he's it certainly did give us some opportunity. So and then anyways, into the clothes.

ended up getting that nice squeeze up to eight and then a sharp drop back down to six. so a little bit choppy. um and then yesterday sideways and then today. just like off to the races like crazy.

So anyways, I didn't see that coming. really. I thought it was worth watching. but wow, what a move! So today, um, I already had a thousand dollars of profit on Tblt.

So when this started to pop up, I was like, okay, I'll trade it. um you know, but with smaller size, thousand shares, 2 000 shares got myself, like I said up, you know, to 1500, 16, 1700 on the day, then up to 2000 and was able to, um, you know, just keep trading it. Obviously in a hotter market, my starter would be 10 000 shares instead of a thousand, but that's not the market that we've been in, so I'm being conservative right now and that's the right move. All right.

So uh, locking up another nice day here and doing the best I can to keep my drawdowns um, as minimal as possible. Red days happen. You know. I had two red days this month, so the draw down was 22 plus 17.

So 3 000 and you know, made it back within like two and a half days. Whatever. So trying to keep those drawdowns really small, Just manage the risk and when we get something like today, we'll make the most as I can on it. If we start seeing stuff like this happening three or four times a week, obviously I'm gonna start to size up and be more aggressive.

All right. So um, that's it for the recap. I hope you guys. Um, did well today, but reminders always.

trading is risky, my result's not typical, and there's no guarantee that you'll find success. So make sure you take it slow practice in a simulator before you put real money on the line and I'll be back um, at noon time for our class on trading breaking news. All right, I'll see you at noon. Hope you really enjoyed that video and make sure you hit the thumbs up and subscribe to the channel if you haven't already.

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