hey traders welcome back to another daily profit and loss recap video today I was able to make 2
593 dollars with two trades one of them being a really solid winning trade with the stock SDA and
one of them being a very small losing trade with the stock mrkr so in this video I'm going to break
down my thought process Behind These trades talk about how I was able to find SDA before it had a
big run and without further Ado let's go ahead and get started with the first trade which was Mr KR
Mr KR if you've been watching my recent profit and loss recap videos you can see this is kind
of a pretty standard trade for me being that it is gapping up in pre-market I like to look for these
stocks that are gapping up in pre-market to look for that continuation during the market hours and
in this case it ended up kind of just failing we could see there is pretty clearly a strong level
of resistance going on here in the mid 190s all pre-market and then again at the market
open it rejects that level other than this quick false breakout we see here early in pre-market so
my thought process in entering this trade was simply that I was looking for a breakout above
that resistance level and typically what I would do is wait for a resistance level to clear before
I get in but what I saw Happening Here was that at the market open we have one two three four candles
all back to back to back that held the 1.76 level so I was seeing that this was kind of starting to
form a little bit of support here at the market open and it then started to push back above the
v-wap very briefly so I started to build into a little bit of a position here I ended up with 2
000 shares total on this trade and again all I was looking for was that this was going to hold this
morning low it was going to start forming some higher highs and higher lows and then I was going
to sell into a pop above the pre-market highs and above this 195 resistance area instead I ended up
taking a really small loss on this trade of just 91 dollars and if I wouldn't have gotten into
the SDA trade which I'm going to cover in just a moment I would have actually taken a bigger loss
on this trade because my original risk level was all the way down here in the 160s and most likely
I would have stuck to my plan and held until it fell all the way down to that area but once I sold
my shares in sta I made a really solid profit on that trade and I just didn't see the potential in
mrkr anymore at that point so I decided to take a very small loss on this trade and take away
the risk of giving back a bunch of the profits that I made on my SDA trade and that also kind
of leads me to an important lesson that I want to share with you guys and that is the fact that you
don't always have to use necessarily a price when it comes to managing risk you can also use a time
frame for me in my experience all of my better trades happen relatively quickly after I get into
them so if I'm in a trade for 20 30 minutes and it's still kind of trading sideways or it's still
moving against me just a little bit but it hasn't quite reached my risk level odds are it's going
to end up reaching my risk level anyway so a lot of times in those cases it can be better to just
get out of the trade immediately and take a small loss on it rather than have it move against you
all the way until it hits your risk level okay and that's pretty much what happened here as I
was in the SDA trade the stock kind of was just trading sideways moving against me a little bit
and once I got out of the SDA trade I realized that I was in the trade with mrkr for a little
bit longer than I initially planned and it still wasn't moving in my favor so I took that small 91
dollar loss anyway moving on to the bigger trade for me today this was a really solid profit on
this trade alone I ended up making 2684 dollars in profits and this was one that was straight
out of the trade plans in the market Master group if you watched yesterday's profit and loss recap
video I traded this stock yesterday for a profit as well and if we take a quick look at the trade
plans SDA I posted saw the trade opportunity on Tuesday from the previous day's plans and
covered in the most recent profit and loss recap video essentially reiterating the same plans as
this is continuing to climb higher and higher and maybe setting up for a big squeeze before
it finally reverses to the downside would love another morning red to Green move to buy into
on Wednesday now for those of you who don't know a red to Green move is simply when a stock opens
below the previous day's closing price and then it goes green for the day and it rises above that
closing price that is known as a red to Green move a lot of times this can be a good indicator that
a stock is picking up some momentum for the day and that buyers are back in control for the stock
so that can be a really good indicator to get into a trade and that's exactly what I did the
previous day as well when I traded this stock for a solid profit so I was looking to kind of repeat
that same process today so with that being said the previous days closed on this was 19.49 and
if we go ahead and just draw that area here on the chart this line is going to represent the previous
day's closing price so once it starts to go red to green and starts to break above that price
that is kind of what we were looking for with the trade plans here to get into this trade and
very quickly I just want to give a quick shout out to Murph in the Trading Group Murph was the
one that kind of notified me that this was going red to Green it was posted at 1005 am pretty much
as soon as it started to go red to Green for the day I was preoccupied with the trade-in mrkr and
I had a few other stocks that I was watching for potential Gap and goes this morning so SDA
although it was in the trade plans was not at the top of my watch list at the time but thanks
to Murph I was able to find this very quickly once it did go red to green and I started to build into
a position here and the thing about this stock is that it is a very low volume generally stock
it trades with pretty wide spreads and it can be difficult to buy and sell at the prices that you
want to buy and sell at so because of that I wasn't able to build into a full position and
there was a few times where I actually had to chase a little bit to add into my position and
with that being said I ended up with a total of 626 shares on this trade and that's just because
of the fact that I was only getting partial fills on a lot of my orders but I took my initial entry
here as it was initially going red to Green just under 22 dollars per share I added some more
shares along the way and I want to mention that the reason that I was adding into this position
rather than taking quick profits the way that I did the previous day is because the volume in
this case is much different from the volume that we saw the previous day we could see it's climbing
Higher and Higher and Higher and at the same time the volume is also climbing higher and higher and
higher which was not the case the previous day we take a look at the price action then
the only time there was any volume was when we got a quick Spike to the upside and then the following
candles the volume would immediately drop back down so that's why I was much quicker to lock in
profits on the trade the previous day but when I saw that the volume was actually sustaining and it
was picking up and building momentum that is what led me to be a little bit more patient with this
trade and that's why I started to add into this position you know I was adding some shares all
the way up at about twenty four dollars I think which at that point was already 20 or so above
the previous day's closing price so when it was all said and done I was locking in some profits
around 25 I locked in some profits around 27 and then after we got this halt here the halt ended
the stock opened up over thirty dollars per share and you can see we started to get some volume
exhaustion I sold the rest of my shares up here in the 32 area which ended up being pretty much
a perfect exit on this trade at the same time that I locked in these profits I also shared with the
market Master group that I was selling as well and we can see from there it ended up selling off and
is now getting dumped to the downside and that's why it's so important to have trade plans because
I'm sure there were people that didn't have this on their radar until it was up to you know thirty
dollars per share or higher and they started to chase the stock and next thing they know about an
hour later the price is down over 50 percent from where it previously was so when it was all said
and done on this trade alone I locked in 2 684 dollars but with the ninety one dollar loss from
mrkr factored in I ended up with two thousand five hundred and ninety three dollars in profits for
today I'm also very happy to see that some Traders in the group made some money on this trade as well
Murph the one that pointed out the red to Green move was able to make 647 on this trade as well
we also had some profits from L Greger two D Rod X actually took the opposite side of this trade
and started to short sell once the momentum shifted to the downside and D Rod X was able
to make 550 trading SDA so this is what it's all about and this is why it's so important to
have a group of Traders around you because even though SDA was on my watch list I probably would
have missed out on a big portion of my profit if Murph didn't point out the fact that it was
going red to Green then it's a great reminder that no matter where you're at in your trading
Journey it's very very difficult to keep track of all of the potential trades and having multiple
sets of eyes on the market and multiple people working together in a Trading Group is in my
opinion the best way to catch these moves early on and make some really solid profits on them
so anyway those were my two trades today hopefully you found some value in this video and enjoyed the
recap if you did please make sure to give it a like And subscribe to the channel and if you
want to hear about the stocks that I'm trading in real time and you want the daily trade plans
to find these types of Trades there's going to be a link Down Below in the description to
get signed up to the market Master group and your first week will be 100 free anyway thank
you again for watching I hope you enjoyed and good luck with your Trading [Music] thank you
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