All right. so we're back at it here Monday morning and locking up a nice Green Day That's a great way to start the week. The two stocks I traded one of them is up 50% today. the other one is up over 100% today.

So we had some nice action. which makes sense because we had some good action last week for the most part. last week when I was giving my daily rating, we had ratings in the fours and the fives. Um, a little bit slow on Tuesday but Monday was good and then strong on Wednesday Thursday Friday to today again really strong.

So when I sat down this morning, the first thing I noticed was that we had a leading gapper that was a penny stock. So it's a couple lower price stocks today that made some big moves. P AI uh o O N as a Nancy M as a Mary D those are two that made some big moves o Nmd is up 160% right now, but I didn't end up trading that for reasons that I'll talk about during this recap. Why don't we get onto the charts and kind of look at what I traded.

All right. So the one that I made the most on was RB RB uh, currently up about 100% This one's a pretty wild chart. Uh, if we look at the daily chart, the first thing that you'll probably notice is that it's a recent reverse split. As you can see right here now, one little Caution on this is that it actually had high volume on these two candles prior to the split.

I Don't love when that happens sometimes I Feel like that's people who are getting in prior to the split hoping that once we have the reverse split, they'll be. You know, a surge of volume and a big move. and then when that happens, they're already ready to sell, sell, sell, sell. And that could explain why.

Pre-market it did pop up at about 500 a.m. from $10 all the way up to $23.14 but then gave it all back so that was just like a round trip up and then right back down now I didn't see it at that hour of course I don't trade that early. It then squeezes up here, pulls back, pushes up to about 20. This was before 7: a.m.

it was about 640. It sells off and I took my first trade. uh as it broke over Vwap right here. This was my first trade of the day and this ended up being a pretty solid trade.

So the thing that I was looking for is look, if this thing can hold over Vwap, it's a recent reverse split. It has a lot of room on the daily. Really, no nearby resistance. 200 moving average is way up high.

You know this one could be a big mover, so that was my first trade. Uh, we ended up getting a move all the way up to $20 a share, which is pretty nice from Vwap. About $4 a share off of Uh Vwap. but ended up pulling back down.

kind of selling off and I kind of thought, well maybe that's it so it ends up squeezing up again to 20. it pushes, drops back down and at this point I was like, well, we definitely have a double top here at about $20 a share. a little over that and I said. you know, we also kind of have some descending resistance from here here to sort of about here.

we were below it and then we got back above it. So a couple technical levels at the open. we halted down. then we halted up.

Then we halted down and then it popped up and down and up and down. It was halting like crazy. And the problem with this one it's continued to be a problem is that the spreads are pretty big. Reb I'll pull up the level two on it so you can if you go to level two on this right now.

Um, I'll put up my camera here. Uh, you'll see that the spreads are fairly big. Uh, 25 30 Cent spreads. We've seen spreads over a dollar a share at some points today.

that's hard to trade so pre-market I locked up about $1,500 of profit on RvB trading with relatively small size at the open, you know, no trades in this area I was like no, I'm not feeling it but when it pulled away right here I bought right on there on that pullback we got squeeze into to a halt. we opened higher a push all the way up $252 it sells off but nonetheless, there were some nice trades there and I actually got a um a nice dip trade. where was it actually? I think it was like right down in this area. it did a fall, it opened, it did a false halt down and then it popped back up and then it came down.

So uh, let's see total profit $2,800 on revb. You know this was not a stock that I could have taken 1020 ,000 shares of for quick trades. there just was not the liquidity. I couldn't get in I couldn't get out.

Um so I trade with with smaller size a th000 share blocks. even at the end only 250 share blocks. you know at the end one of my last trades on it. uh let's see on one of my last trades I think it was um I think it was right in this area.

um I took a trade somewhere and here and it it popped up. um actually it might have been. it was right here for the break of 19. I got in at 19 I added a th000 shares and all of a sudden the bid is showing 1805 and I was like oh my gosh I'm going to lose a th000 bucks on this trade in about one second and it pops up to 1965.

I took it off the table locking up $500 and that is what pushed me from up ,500 on the day to up 2,000 on the day that was before this trade and at that point I was like you know what, it's not worth it I do not want to go red on the day So from that point forward I reduced my share size to 500 and 250 share blocks to trade. This move higher and you know I made some money with 250 shares 500 shares I still made 800 bucks which is great and I did it with less risk and it's kind of a shame because when you have somebody that goes up$ four or5 dollars a share, you think boy, if I had taken 10,000 shares of that, I could have really made a lot, but that's an illusion because in reality getting filled that kind of size would have been very difficult and would have required me to take a level of risk that I just wasn't comfortable taking. So all in all on this one today I Feel good about all these trades. Um, this trade right in here.

We got this little pullback and then another one right here. I added a little too heavily on this Uh, I was adding as it was moving higher every 50 cents. I was adding more size and my highest ad was actually at $20 a share. So I literally added like 5 cents off the high.

But but I was looking at this and I just thought I think it's going to punch through here up to 2118 and then you know maybe we're looking at a retest of the pre-market high. So that was a mistake and I ended up giving back some profit as it came back down. Fortunately, I still locked up $1,500 on it. but this was probably that was probably my highest risk trade because I Trad it kind of so aggressively.

but the volume was picking up which was good. Uh, the spreads were still pretty big so that was probably my highest risk risk trade. And you know in terms of was this the right stock to be trading at that moment the answer is yes, Second leading gapper within my price range. It all made sense.

Now this wasn't a great one for the small account challenge because it's a little too expensive and the risk was kind of just too high. But for the big account, totally fine. No trades in here I think that was a good decision. Uh, taking this trades that broke out of this range I I could have maybe tried to buy off ascending support, but the problem was there wasn't any real indicator for me that it was going to go and with these big spreads I just didn't feel comfortable doing that.

So I just waited for volume to come in, which is as it broke over this level and took that micro pullback. but then that was a close call. Trade So after that I was like all right. I got to reduce my size a bit and then with smaller size I feel good about all those trades.

Okay, so that was RB Um, pretty decent trades. a couple losers, uh in there. but but they were with small size and not that bad. So we also had P AI moving up today, which was also one for consideration for the small account.

Um, you know, no leverage on it, but cheap enough that I could buy some size. but I didn't think I'd be able to get a 1520 Cent move. Well, in fact, I probably could have. But what's interesting on this is that you had a huge move here from 60 to120 and then from this point forward, a lot of volume came in and it just became thickly traded.

It's just very thickly traded, so if we look at the level two on this one, you'll see it's very stacked up right? Very stacked on the bid, stacked on the offer. So very thickly traded. Not a big mover now. Rvsn is up 50% 49% right now and I traded this one as well I hesitated to trade it because I didn't feel like it perfectly met my criteria for being something I should even consider.

and the big reason was relative volume and lack of news. So this is a bit more of a continuation setup. You know these can work. Um, it was moving higher on the daily, but notice the volume on The Daily lighter volume, declining volume.

There's no news catalyst so it's going higher. and and the trade here is kind of that. People who are maybe swing trading it to the short side are going to have to start covering. and maybe there's someone that has decided to accumulate like a 2300 share short position and is going to get forced to cover.

and when that happens, you can get some explosive moves. But you know there's speculation because there's no way to know if someone's accumulated that big of a short position. There weren't any real signs of that happening. So for me, you know, when I'm thinking about whether or not a stock is worth trading, I'm thinking about um, of course, the price right now for the small account I'm really preferring between five and sort of $8 a share.

but generally speaking, for my big account, anywhere from 2 to 20 is okay, so the price is fine. Um, I Like to see the gain is at least 10% but I also like to see it's one of the top three. so this was not one of the top three when it started moving. I like to see the relative Um volume is at least five, right? so it should be five times.

And this one as it started moving was much much lower than that news I would like to see there is news this one no news the float. well the float's fine I like to see a float of under 20 million shares and this one does have a relatively low float of 1.29 million shares. But the lack of relative volume, the lack of news um the fact that it was not a top three, you know Gainer Coming into the day I was concerned it wasn't going to be obvious enough, but it did start to pull away. So the place that I decide to start trading it um was actually uh right here.

What? I kind of looked at at this moment was squeezing up, pull back, moving higher, pulling back and starting to reverse. and if we look at the F minute chart, it had a red Candle on the 5 minutes so I was like this looks I I I said I was like this looks like a reversal right here I was like I think this is the top, it's going to reverse back down so when it came back up right here through 1350 I was like okay, that's bucket the trend of what I expected would happen I think I should consider this here for long. So I bought with relatively small size uh I I got in as it broke over 1350 for the move to 14 I added at 14 and I actually what I did on this one because the spreads were also a little on the bigger side. we can look at them here for a second Rvsn so see again, like a 14 Cent spread 11 Cent spread.

it's kind of big. it's got 17 million shares of volume right now, but that's still the spread. The spread this morning was even bigger. so with these bigger spreads, you know I just I don't know I felt kind of nervous.

so this is what I ended up doing I was like well I'm gonna buy I'm buying on the offer because it's pulling away and if I put an order on the bid I'm just not going to get filled. So I was like I'm going to buy on the offer but as soon as I'm up 15 20 cents a share I'm just going to take some off the table on the offer. so I'm going to buy at the ask and I'm going to sell at the ask I'm going to post my order to the a to the ask the offer and and I did um but then as it broke 14 and I'm out at like 1399 cuz there was a little bit of resistance here at 14 you know then it comes back up and punches through and I was like oh gosh darn it I sold too soon. so then I added back like 500 shares I was like well I'm going to go smaller on the addback goes to 1450 and take a little profit and then it pulls back and then you know.

So as it turns out, I I would have done better just holding for this whole move. but this was a relatively High entry considering we had just dropped down here to like 1250. So you know and given the spreads I just felt like I was at a point in the day. this was, you know, 950.

So I think at that point I was up. Let's see, had I taken like now I can't remember if I'd taken the trades on RB yet. So let's look at that trade on RvB I think maybe I had. but um, yeah, this was at 1030.

so so I was already up, you know? So I I don't know I was up I was up in pretty good shape on the day. uh, just because of the first trade. but I hadn't taken this one yet. So I was at I was at about, 1500 on the day.

All right. So I was at, 1500 on the day when Rvsn came along. and yeah, you know I just was like, well, let's just add some profit without screwing it up. There's a nasty rejection candle right there.

Um, nothing too bad as it came up in this area. but you know I just focused on trading in this range. couple scalps, got in, took some profit. The reason I couldn't just hold hold for the whole move is I felt that if I I felt like if I just set my like got in and said I'm not going to sell until I see an exit indicator that that would mean I'm selling on the bid which means I'm definitely going to lose at least 15 to 20 cents because of the spread and you know by the time you see the exit indicator it's usually already starting to drop a little bit.

So then I'm going to lose like another 15 20 cents. So I was like I'm going to be like 40 cents off of what I could have sold at if I had sold on the ask when it had strength. So as it had strength, I was selling on the ask, selling on the ask, selling on the ask and then the final couple hundred shares or whatever it was I sold on the bid, coming back down which didn't matter. but if IID held the whole position until I saw an exit indicator, you know something like this, well you know.

look at how much this candle dropped I mean this was like a point and a half in one minute. That's really fast so you know I could have gotten best Exit 1566 and then it drops down to 1420s right? right? So in hindsight, selling into strength selling selling selling selling a little more, selling a little more, selling a little more I think was the right move. kind of bounced up here, drops down, comes back up higher. so it was a little tricky and you know so anyways and then MMD this one this morning was a um penny stock that made a really nice move early.

You know it made a huge move, but we look at this chart and it's like holy smokes this thing went from 60 cents, pulled back goes up to $2 This is at like 5: in the morning and then it sells off all the way back down to a dollar a share. Now it's come back up to A145 but it wasn't clean at the open pre-market it was like it had given back way too much of the move so it wasn't interesting. P you know, yeah, squeezed higher. It's a big percentage mover.

It's got 111 million shares of volume, so it's our volume leader today. Actually, Sophie's the volume leader. uh, but Sophie I wouldn't trade this one. The float's 932 million shares and that really is a deal breaker for me.

I I just don't trade stocks with floats that high although you could have bought. walked away says stop and come back uh, trying to take breakouts or do scalp trades on stocks of this uh float is going to be very difficult so left that alone. uh anyways, so that was that was actually the leading Gaper but P was second uh behind at 111 million shares which is a lot revb only 4 million shares of volume, rvsn 17 million and then some lighter volume stocks down here. My feeling this morning.

you know it's kind of the same as on Friday so you know on Friday once I left I didn't come back so I didn't see what Crbp did the rest of the day I was like no I'm going to take the rest of the day I'm going to enjoy it I'm not going to stress but then this morning I looked at Crbp and I saw that it had made this big move on Friday uh you know after I left I think when I was doing my recap it is when it was hitting the high of like 27 28 but then it ended up going uh even higher. So let's look at this chart for a second. Um, so this was the thing this ends up making you know, obviously a really nice move. It goes up to like $40 a share which is impressive and it would be easy for me to have looked at this um on Friday afternoon or or even this morning and been filled with regret and fomo and frustration.

You know I can't believe it, you really screwed this up. So I was like, well you know I'm going to stand behind the decision I made to walk away I walked away because I knew that losing money would hurt about 10 times more than making money would feel good because I'd already made enough I felt like I'd made enough for the week I'd made enough for the day and I just didn't want to push it and risk having a big loss and then which could happen on stock of this price range with those types of spreads and then go into the weekend feeling disappointed and frustrated which then carries over to Monday morning. So I was like I need to preserve kind of my emotional state right now I've done well enough I'm just going to lock it up, not look back so I stand behind that decision. However, if I'd had a bigger cushion uh, maybe on the day I would have things would have been different.

Perhaps, but it doesn't. That doesn't matter. The decision was fine, but now let's just look at the chart from the pure curiosity perspective of how could I have traded it if I had stayed around? So the thing on this, um is I did trade it early and you know I made some money on it, but it did have big spreads. This was again an issue of a stock with really big spreads so if you recall, I was still here when it squeezed and halted up but I didn't want to chase that Hall to 22 because it had just bounced from 18.

I was like that's way too risky I can't possi Poss I can't I can't trust that So I was like no, I'm not going to trust that one So then it resumes, it dips and then it squeezes up and halts again and it happened really fast I watched that too, didn't trade it I was like no, can't risk it then it squeezes higher here, hits a high of 27 just about and then it drops all the way to 2258 and did a false halt from that level it bounced all the way back up to this new high I sort of was tempted on the on the false halt for an Tre and I passed on it cuz I thought well you know, just wasn't totally sure I couldn't tell if it was going to really halt or false Halt and so I just passed. so I missed that one but that's okay. All right. So about this time is when I walked away I See, it did a little rejection right here.

It sort of tried to curl up and then got slammed back down. It ends up pulling back here and then where is it base out so it doesn't even come all the way back down to volume weight, average price, but it bases out at about 25. sort of a triple bottom here at that level. Okay, so that's noteworthy 25, but I wouldn't have bought down here because there's no real reason to think it's going to curl back up versus just break and go lower.

But then in this area here we do start to kind of find some ascending support coming back up and it's interesting how it breaks below it here and then comes right through it, which is almost like a little bit of a bear trap. Little bit of a topping tail here here and here. But I think it's also safe to draw a trend line at about the whole dollar here of 25. So and the high here of this candle? gosh, the high of that candle, oh sorry, that was 29, not 25, Uh, $30 a share.

The high of this candle was 3070. so the levels I would have been watching is all right. If this can break over 30, it needs to break then through 3070 the high of this candle and then it definitely needs to break through this candle here of 3178 and if you can do that, then over 32. We've got a pretty clear shot back through high a day and you pretty much got that in three candles and then it opened higher, put, halted, opened higher, pushed a little higher, and then had a strong pullback and it did gave you some nice dips here.

Um, not exactly off of this blue ascending support line, but kind of one that's in the same channel, just a little bit higher. um I'm not sure if that connects somewhere else sometimes when I see something like that I'll just try to draw, pull back and just see. was there something I missed. See the way it touches down here now I Don't know if anyone was really drawing it like that, but it is interesting.

You know the thing is slight changes in how you connect. It makes a huge difference as it goes back up as you can see right there. So yeah I don't know. I'm not sure if anyone drew it just like that.

uh, but maybe maybe some people were watching that level I don't know. In any case, you had some ascending support there, it comes down, it breaks it and sells off so realistically on this one. Yes, you definitely had a clean breakout right here, but it would have been a little risky because it would have been buying the highs and hoping it doesn't do another you know, kind of rejection like it did there and there and in this area. some nice dips but not huge resolution and given bigger spreads.

probably a little trick, but in any case, we we got some good action on it on Friday which is good to see and I thought maybe Monday we would have a little bit of a bounce I Used to really like this setup second day continuation, but um, but I haven't traded that setup in quite a while. Revb Uh ended up for me today being being the best stock to trade so the price was a little higher. the float super low, relative volume super high. This one had the risk where there wasn't news I was concerned about that I didn't see clear news on it.

Uh, it is a recent reverse split though. so and it was moving so I jumped on the momentum. but I was a little concerned about the no news risk. Rvsn had the same risk.

no news. Um, it has only a relative volume of 1.98 so you know it's kind of low, but there were some opportunities. In any case, $3,787 and. 78 cents is a lot of sevens and eights in the P&l today.

That's pretty good. I I Really can't complain. That's a fine way to start the week. Uh, especially considering there wasn't anything that was incredibly awesome.

You know it was. It was just kind of a a decent day, a solid day, but nothing special, and was able to lock up just under $4,000 of profit. So that gives me a good start to the week we are coming. You know all things considered here to the end of the month.

So one of the things I said uh last week to members at Warrior is that I actually don't know where I'm sitting at on the month I could I could guess but I don't know where I'm at because because I chose not to look the reason I chose not to look is because the beginning of the year can be a stressful time. You know we're We're basically all starting the year in the same spot. we're starting at zero right now I Suppose some of you might be carrying trades from last year so that's possible. but for those of us that are very disciplined about not holding overnight and we're just day trading, we all start the year in the same exact spot and you know there's a bit of pressure of feeling like okay I I need to my my identity is like who am I I'm a I'm a day trader so certainly I feel that I need to make a certain amount of money to maintain this like that.

that's what I do this who I am and so each year at the beginning of the year it's a little stressful because it's like until I've hit my first $50,000 the first $100,000 I just feel a little antsy like I'm just like okay can I just get this first you know 50,000 75,000 $100,000 kind of put away and then I feel like you know that's I've done a good job for the whole year right? Like once I've crossed over six figures on the year I'm pretty content and anything more than that is awesome. But if it's not a huge huge year that's also okay. like I get it. So the thing that's happened to me in the past is that you know at the beginning of the year I'm swinging hard because that feeling of wan to feel kind of like I've locked up and secured that first 100K can drive me because it's a feeling, it's a it's a it's emotion I want to feel secure and so the best way for that for me to get that feeling of security is to make $100,000 really quickly.

But while that would alleviate that emotion, the drive is so strong it can lead me to desperation. It can lead me to being way too aggressive and that can cause Snowball Effect and that has happened before to me in January. So although January typically is a good month of the year, it's also been a month where I've gone red early on and then I've spent the rest of the month trying to recoup the losses. So this year I kind of say, you know what: I don't want to look at my P&l on a sort of I'll look at it on a daily basis, but I'm not tracking it I'm not going to obsess over it or look at where I'm at on the month because as soon as I start doing that I'm up.

you know, 18,000 or 15 or whatever it is and then I have a red day 5,000 then I'm like oh jeez geez I just went from up 15 to up 10 and then I have another red day and now I'm up only seven and all of a sudden you start doing all the numbers and it creates this additional pressure. So for me right now trading from a place of um, you know, kind of just focused on the individual day and not thinking about the big picture is helpful keeping my head down. You know, locking up some base hits like I am today and I know 10 days like this is $37,000 right? I mean I understand that. So if I can just keep doing this, you know for a few more weeks just keep my head down then I think I'm going to find myself in a pretty nice place.

you know, going into February and and and going into March but it's the beginning of the year so it's still time to kind of build that cushion. Now some people don't think about it like this. they just, you know I don't know. they just are likew I've made enough money in my career so I can be totally disconnected from that pressure.

It doesn't matter, but that's not me. Uh I think for me because I've always really traded as like I need to make this amount of money each month. This is how much I need to make each year. that's how I started trading so it's ingrained in me.

For people that started trading more is like totally like the the profit is great but it doesn't matter for them. I Think are able to have a Freer relationship with profits and losses but for me it's been for from the beginning. Very. you know, very tense.

that relationship. So anyways, um so that's where I'm at right now on the day. don't know where I'm at on the week, but I'm going to keep grinding along and uh, keep doing these Recaps for you guys. As always, reminder trading is risky and my results are not typical.

so manage your rest. Take it slow practice in a simulator before you put real money on the line. If you haven't already checked out my small account challenge, make sure you check out the episodes in that series. There'll be another one coming soon.