it's Monday morning it's Monday money we're making Monday money today we're
trading to stocks to big winners check it out in the video so hopefully you
guys had a great weekend I did some fun stuff over the weekend I went wig surf
and got my 360 on lockdown there in Miami in the bay taking some quick
little rides on the boat having the fun over the weekend if you haven't already
make sure you subscribe the channel but let's get into the action see the trades
that went down today we're gonna get in here on the in above 626 getting in
there 626 1000 shares giving the others 6:30 here see we can break over 6:30 and
here we go over six thirty six thirty one ounce if I can get 634 be happy with
that getting out there at six thirty two had
a double top there at 6:34 not sure if we're going to get above that 634 area
really spread e to like a 10-cent spread on this right now
and there's that 635 right there that's what I wanted to get 635 printing there
there it goes just a big spread I don't know why this spread is so big on this
right now but volume decreasing as well you can see it's moving however the
volume decreasing was kind of worried so you can see I got in here at 626 was a
bit extended already started to pull back to pull back to that 613 area and
then got that covered 634 634 double top kinda and I was like okay I'm going to
just take profit there might be double top here it might be starting to crash
down and you can see ended up getting up there to 644 nice move there on the in
just not holding it long enough seeing that double top was kind of
worrying and then once it's all 632 on the bit I like okay I'm just gonna take
that as I wanted to get 634 I'm not going to be greedy away for two more
cents they're getting a bit extended now pulling back pulling back to that 620
areas so I was kind of worried about earlier when it was had that double
topping and see same thing here had kind of a double top at 6:45 and then finally
pulled back here ooh see there's that look at that drop
that's the drop I was worried about right there dropping from 625 down to
590 and about a second there not what you want to see when you're in a stock
for a while there's like literally a 15 cent spread on this p IX Y running up
holding this 1060 area now up till 1142 was thinking about getting in on this
one p IX Y it's been a big spread of ones and trade and really weird the last
couple days this is a recent IPO it's kind of similar to what that stock my OS
did crazy stuff now up to 1141 looking to
get in here on cDNA above $1 70 he's got a double top there $1 69 for now looking
to get in there above dollars having a look over that move possibly up to the
$2 area you can see on the daily chart there's resistance there a dollar 66
back in May looking at this one a little closer you can see right there
resistance at the dollar 66 so we're right there at that resistance right now
you can see down another drop down crashing down there to dog 54 so that
156 resistance holding it down for now dropping down the dollar 52 getting
bought up all the way back up there to dollar 64 now right at that line of fine
line wants to go and only got filled 25 shares so like I've filled 25 shares
when I up there that dollar 76 area like we talked about now it's at the dollar
75 what oh how did I only get 25 shares I was trying to get 2,000 shares there I
only got 25 shares there at a dollar 70 it's up to a dollar 75 now thousand
shares they're at a dollar seventy and up to dollar 76 now even get it up to
all or 78 maybe higher dollar 80 a lot of buyers stepping up there are 73 on
the bid dollar 78 taken profit there that was my goal
taking profit there a lot of buyers stepping up there you can see on level 2
here buyer stepping up there dollar 81 getting up there to $1.00 88 beautiful
move there on CD in a Wow so CD in a running up there to a dollar 90 they
crash them a dollar 90 down there - a dollar 67 so I think a lot of people
were taking profit there at a dollar 90 area crashed it down there pretty hard
so it dropped about 23 cents there in a couple seconds not the move that I
wanted to see I was hoping to see this break about $2 when I get that two-hour
break and another move higher so it's 11:15 I've made two trades a day
two trades two winners two small winners I know they're not the biggest winners I
could have made a lot more I know it's always like I could have a good of so I
really need to start focusing on trading the chart not so much trading the PNL
also my problem is when I get into a trade and it drops and then I'm down you
know $200 and all of a sudden I'm back in the green I'm so quick to take profit
on my okay I'm back in the green I'm picking prop I
don't care I was down now I'm up why should I wait and they're taking profit
and then all of a sudden stock goes up another 10 20 cents from that entry
point so I really need to focus on just reading the chart focusing on
actual price action not so much on the PL I look at all of a sudden I'm back in
the green I'm like okay time to take profit take profit so instead I need to
really just focus on the trade itself and not worry so much about what the P&L
is you know when I'm down toward ours don't focus on that obviously I need to
take cut my loss if it starts to crash but if the stock is looking like it
wants to go higher if the stock is moving higher the trend is still there I
need to follow the trend trade the trend and not so much trade what's going on at
the moment I'm up $130 on the day I should take profit on both of these
trades at least another five ten cents higher and could be up you know three
hundred four dollars one day but it's one of those things you know coulda
shoulda woulda cdna I wanted to get 2,000 shares in the stock I didn't get
failed in the first thing so then it pulled back up okay I'm gonna take a
thousand shares to pull back we're really I should have even doubled up
more I should take 3,000 shares there on that pullback because I was getting in
on that pullback so it's a little bit safer and I have this work on I got to
get back in the mindset I gotta take profit higher I don't know what's going
on right now but I need to take profit higher something's going on I need to
focus on the chart trade the chart not the P&L don't worry about the loss worry
about the profit you know cdna had a double top where normally when double
top happens you get that big drop and then ended up not getting a drop so
normally when I wouldn't have take profit there on a double top I would
have had that drop and I would end up losing money so it's just it's so like
every day it's different you never know sometimes stock is a
double top it pulls back a little bit then just boobs and runs higher so it's
hard to say and it's you know never the same store for every single day never
the same story for every single stock so got to be very versatile you know I'm
end of the day $130 in the green I can't complain about that but like I said I
wish it was a lot more and you know I know you guys like Wallace well he
thinks the hundred hours a day but I mean if I consistently make it hundred
hours a day I really need to work on my sizing if I had two thousand three
thousand shares of these stocks and even if I only got that five cent movie still
get you know $100 $200 off each trade and it's really just what it's all about
it's the execution is about executing getting in and out fast I'm trading my
other larger account on some bigger stocks and doing other things as well
swing trades don't think that I only make money with this small account don't
think that I somehow live up on it hours a day I have other things going on I
make money other ways so these videos are just the idea just these videos are
meant to show the idea of trading these momentum stocks to execution getting in
and out taking profit when you got it kind of thing it's
11:15 I got a lot of things I need to do it's Monday I've got a lot of emails a
lot of people trying to get into the chattering a lot of people talking and
sending messages it's awesome a couple people actually posted a couple comments
and messages over the weekend saying how much they enjoy these videos and how
much they enjoy the channel so I'm very thankful for that thankful for all the
people who follow along all people who subscribe we hit 3,000 subscribers
recently that's awesome thank you guys so much for commenting and following
along and I will talk to you guys later on today or possibly tomorrow if nothing
else happens the rest of the day here I will talk to you soon