hey traders welcome back to another daily profit and loss recap video today is Thursday June 22nd
I just finished up trading for the morning and I locked in 2061 in profits with two trades both of
them were winning trades and in this video we're going to break down these two trades talk about my
thought process behind them so hopefully you can take something from my trading and apply it to
your own okay so the first trade for me today was the stock agle this was a big gap up this morning
in pre-market the previous day's closing price on this was about 10 cents per share and this morning
in pre-market it spiked all the way up to a high of one dollar and four cents so a massive Gap up
this morning but as we can see at the market open we take a look at five minute chart specifically
there is no opening range breakout to trade this initial Gap and go the opening range breakout
level in this case is going to be this high up here of about 96 cents and it comes straight
down to the V web pretty much at the market open I posted over in the market Master group that I was
watching this for a potential bounce if it was going to pull back to the 60 Cent level that's
where I would be looking for that quick Bounce from and that was based on the V web and the
volume profile because at the time if we take a look at the V web it was right there at about 60
cents also on the volume profile which is this horizontal volume indicator on the right side of
the chart a lot of times the levels where there is a significant amount of volume traded at can
become a level of support or resistance so being that it was trading in this low volume area here
at the time if it pulled back into this high volume area at about 60 cents there's a good
chance that we could see a quick Bounce from that level so that was my thought process that
I shared with the group at the time I ended up taking a starter position in this stock and in
this trade once it pulled back into that 60 Cent level we can see it actually hit a low of 0.6025
on that pullback so it almost hit exactly at 60 cents per share before it bounced all the
way up to a high of about 76 cents and that's the trade that I capitalized on I built into a starter
position as it was pulling back into that 60 Cent level and this Candlestick right here at 9 55 am
is where I actually added some shares into this position because we see that the previous candle
was a small red candle and immediately the very next minute that small pullback from the previous
candle was bought right back up and that to me was a bullish sign that this was going to continue
to bounce from that 60 Cent area so I ended up with a total of 8 000 shares in this trade with
an average price of about 65 cents I locked in some profits over 70 and then once we saw that
it started to double top here right at about about 76 cents we go ahead and just draw that
mine that's when I started to sell the rest of my shares and mocking the rest of my profits as it
was starting to form that double top and as it was starting to reject that previous high at 76 cents
okay so that was kind of how I traded this stock I ended up with 564 dollars in profits from this
trade alone it was a really solid trade and I'm very happy with how it ended up because
at the end of the day this stock has been down trending since the market opened so being able
to have that patience and wait for the right time to enter as opposed to just blindly buying the dip
as it's pulling back lower and lower is very very important for trading these types of setups and
I'm really happy with how I traded this stock okay moving on to the other trade for me today
this was the stock vcig we take a look over here in the market Master group vcig was in the trade
plans overnight because it was starting to form an inside bar setup on the daily chart and on top
of that using the volume profile once again we see that there is a very high volume area right
at about four dollars per share so I was looking to trade this one of two ways either it pulled
back into this four dollar level at the market open and I would have looked to buy into that
pullback or if we take a look at the daily chart the inside bar that was forming here had a high
of six dollars and eight cents so if it started to break above that six dollar and eight Cent level
that's where I was going to look for an entry to get in for the next move up and if we take a look
at the intraday chart here we can see pretty much right at the market open it starts to spike up it
actually gets halted for volatility on that Spike up and then once that halt is over it actually
opens up over six dollars per share and when I actually traded this stock was the following
Candlestick we can see that it opens spikes up to a high of 6.68 pulls back and it bounces right off
of that six dollar level so this previous level that was a breakout level in a small area of
resistance is now turning into a little bit of support the stock is bouncing off of it buyers
are taking control at that level and that to me was a very bullish sign I posted in the market
Master group at the time that that exact situation was starting to happen and now I was looking for
a trade based off of it and I took a starter position in the low sixes I added into that
once it started to validate my thought process and started to break back up towards the highs I ended
up with 2 000 shares I believe my average cost on this trade was about six dollars and 35 cents per
share I locked in some profits up in the 690s and then I logged in the rest of my profits as
it spiked up here into the mid 70s and that was my profit Target on this trade because we take a look
at the bigger picture here um Tuesday is the day that this had its big initial move and right at
the end of the day we can see that there is quite a bit of resistance that started to form as well
as in after hours that same day in the mid to high sevens so I was just locking in profits into that
Spike because of that past level of resistance and because of the potential that it was going
to have a big rejection and I didn't want to watch this solid winning trade turn into a small winning
trade or even a losing trade so at the end of the day with that trade I ended up with 1496 dollars
in profits which took my overall profits for the day up to two thousand and sixty one dollars
really solid morning of trade rating there were finally some great setups to trade at the market
open and I didn't Factor it into the screenshot of my profits or the title of this video but I
actually had another trade as well and that was a short trade in the stock fngr this trade was taken
in my short selling account with trade zero and I used a completely different setup on a different
computer for my short selling because trade zero does not run on the Mac computer that I use for
all of my other trading but again this was another setup that was in the market Master group's trade
plans overnight and the trade plans for this were going against the grain here a little bit
and looking for a reversal to short sell as this is getting overbought with a 78.93 daily RSI and
no Catalyst for the move I'll be looking to short into a gap up Thursday morning with the goal being
to lock in some profits and cover in the mid twos and this one played out pretty much perfectly we
can see that in after hours and in pre-market there's a lot of resistance that starts forming
in the 340 area if we go ahead and just draw a line there we can see that there are several
occasions in the extended hours trading where it has a nice rejection from that level so once we
get this bounce up into the 320s at the market open I take a short position based on the trade
plans and I alerted the team that I was taking this position and sure enough about 20 minutes
later it's back under three dollars per share and I locked in my profits on this trade as it dumped
back down into this 280 area so again that trade was not factored into my profit and loss that I
posted in this video but I did want to just briefly cover it as well since it was alerted
in the market Master group but anyway with all of that being said there were a few traders that
made some solid profits today off these trades as well we had Murph who was able to make 180
in mgol that was another stock in the trade plans I believe Murph also traded agle this morning and
uh that brought their total profits to 685 dollars and Murph also said that I had only been trading
for two months but I've learned now is the time to call it a day and that is definitely something
that resonates with me if you've been watching these videos you've probably noticed that I do
all of my trading in the morning and that's just because one thing that I've realized from years
of tracking my trades and tracking data for my trades is that most of my losing trades happen
in the afternoon so a few years ago I decided to just focus solely on morning trading and that
actually was kind of a game-changing decision for me I was able to increase my accuracy and
focus on the setups that historically have worked the best for me and I'm glad to see that Murph is
following the same system in doing it as well okay so anyway those were my trades and my main focuses
for the day I ended up again with a total profit of two thousand and sixty one dollars really nice
bounce back from yesterday's Red day hopefully you found some value for me recapping these trades in
this video and if you did please make sure to give the video a like And subscribe to the channel and
if you want to hear about these stocks that I'm trading in real time as well as have access to
my day trade and swing trade alerts our group chat our live scanner streams and more there's going to
be a link Down Below in the description to come join us in the market Master group but anyway
thank you again for watching I hope you enjoyed and good luck with your Trading [Music] thank you
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