What's up everyone all right, so um? I want to come on here for a little bit. It's uh cyber monday. It's about eight o'clock, eight ten past eight eastern standard time, so not the typical time of day that i'd be broadcasting, but because it's cyber monday, because there's only a few hours left in cyber monday. I wanted to come on here and answer some questions that some of you guys may have about becoming a member at warrior trading all right, so i'm going to do a little q a i want to chat with you a little bit about my journey of learning.

How to trade for those of you that haven't heard it before i'm going to walk you through a little bit of the curriculum, i'm going to show you what it looks like kind of behind the curtains of what it's like to be a member and uh yeah. As we go through that, i hope this helps answer some questions. Some of you guys might be tuning in a little bit later this evening, especially those on um west coast time. It's only a little bit past five down out in california, so um.

If you watch this later this evening and you have a question, you can always leave it down below as a comment, you can always email us team warriortrading.com. If you have a specific question as well, we're happy to field those questions for you, so uh, something we're doing. That's special this year for cyber monday uh, everyone that joins through the cyber monday coupon code. You guys get a 14 day money back guarantee.

So that's a pretty big deal because you haven't seen that before anytime, we've ever done a sale, uh warrior trading. We've we haven't done the 14-day money-back guarantee as part of a sale like this. This is something a little bit different uh. You may have seen it if you attended a webinar, something like that, but this is new for cyber monday and we're excited to do it, and i think you know right away one of the things i'll throw out there is that you'll probably find that something like This is pretty uh, pretty rare, most websites that offer educational stuff like for trading, they always say no refunds, you know all sales are final and you know they do that because you could sign up, you could go through the classes for a day two days or A week gain, you know a bunch of knowledge and then ask for refund and walk away, and - and you know, the provider of the education might feel kind of dipped by that.

So that's a risk. What's also a risk is that you could join and then realize that the product or the classes, the curriculum, is really not that sophisticated. It's not that interesting, and you say you know what uh this. This is kind of a joke and i want out, and then you can't so we offer the 14 day money back guarantee, because we are so confident that you guys will love being a student at warrior trading all right.

So what does it mean to have a warrior pro membership? All right, so let me walk you through it. We'll do some q a. I have the youtube chat up. It's right here here in the corner, so i'll see questions as you guys, post them.

I might answer some right as we go others i'll come back to at the end, so um, if you, if i don't answer it, i i will come back to it and then i'll kind of give you a walk through of the platform kind of. Let you see behind the scenes, like i said, and i'll tell you a little bit about my journey of learning a trade. So, let's start at the top, what does it mean to be a member of warrior trading? What's the warrior pro membership, so the warrior pro membership is our flagship membership at warrior trading. It includes access to everything at warrior trading.

It's very simple everything all right. So what is everything? Well, we have our warrior starter course, which is an introductory day trading course. So i'll click on this, this is part of the warrior pro curriculum. So the starter course is um 15 chapters and i'm going to switch my screen like this, so you can see it better 15 chapters intro to trading it's for someone who is never traded once in their life before so.

You know about the markets, but you've never taken a trade, but it's also for people who have been actively trading but have been trading, maybe a different strategy from the way i trade, so the markets are kind of like a language. Of course, we know there's many different languages in the world and there's different languages in the financial markets, the language that that i speak and the way that i trade is momentum trading, which means i look for stocks that are moving up. I often buy high and i look to sell higher, probably any trade you would have taken on tesla over the last year and a half would have been a momentum. Trade buy high, sell higher.

So i teach you the language that i use every day. So you can understand how i'm speaking about stocks through the 15 chapters we break down the basics of becoming a day trader stock selection, different account types. Then we touch on fundamental analysis, which is not the primary focus for day traders, but we do talk about it and then we get into chapter five, which is technical analysis. Then we go into the trading platform, so students that are full-fledged uh warrior pro members.

They have a warrior pro membership who are past their 14-day money-back guarantee. Once you pass the 14-day money-back guarantee, we'll give you access to this trading simulator and you might say well, well i'm not going to be able to use this in the first 14 days. So the reason is because i pay your license fee and your market data for you. So you know we we could make it a 14 day, money back guarantee minus the 50 bucks or whatever that i pay, but instead we just say well we'll give you access to this once you decide to stay a member, so this is a trading simulator and The cool thing about this is that you can actually practice trading the strategies that you're learning through the curriculum with in real time.

This is real-time market data, it's level two data and you can execute trades now, it's 8 16. So the market's closed. So i can't execute any trades right now, but if the market was open you would be able to and then you would not only be able to execute trades you'll be able to track your aptitudes. So we aggregate your trading data and then give it back to you, so you can see your profit loss ratio, your average winners, your average losers and some of your metrics.

I do this myself in my own trading. Many of you know the service that i use is called trader view and, of course well. I guess you could probably use it for for simulated trading. If, if you wanted to import your metrics, i use it for real money trading.

So i'll just pull this up here, so i look at the same type of data. I walk you through how i look at my metrics to help you understand how i would encourage you to look at your metrics, so this right here. This is over 10 million dollars in profit, and i say this not because i want you to believe that my results are typical or i want you to assume that you'll also be able to make 10 million dollars, because you shouldn't have that assumption. We know that trading is risky and that most beginner traders lose money.

So we would encourage you to trade in the simulator, not trade, real money until you first have proven that you have the metrics of a profitable trader. If you can have metrics of profitable trading. Here in the simulator, then that's the time you start thinking about. Okay, can i flip the switch and trade with real money? All right, um so andy says i'm a past student.

Can i sign up now just for the chat room so andy since you're a past student? We have a member loyalty program for you, so you don't have to buy the warrior pro again. You can renew an annual warrior pro membership at a steeply discounted rate because you already purchased the class. So what you're really renewing is access to the chat room, the scanners and all the classes, so email, team, warriortrading.com and we'll get you set up there so um anyway. So back here, you'll be able to practice in the simulator and go through it, and so in the warrior starter course, starting here at uh, chapter six and seven.

This is where i actually walk you through how to trade, how to execute orders, because some of you are coming in having never traded once in your life, and something like this looks totally foreign to you by the end of the starter class you're, going to understand How all of this works you're going to understand what each of these windows do you're going to understand the settings of this software and for the most part we make this as uh as simple as we can to learn, and the nice thing about this software is That you can use this exact same software with real money if you choose to, and i have used it with real money. So what you would do is you would log out of the simulator and then you would log into your brokerage platform so different credentials. But the same software comes up, which means you're very familiar with it, so it's one of the best ways to simulate trading. Some simulators, like even the td ameritrade simulator, the td ameritrade, is simul.

Simulator is good in some ways, but if you don't plan to use td ameritrade as your broker for trading, then you're practicing and learning on something you're not going to use with real money. So it would be like trying to learn how to drive in i. I don't know you know on a like, like 1985, like chevy, suburban with like a manual transmission and you're gon na be driving a honda, you know whatever civic, when you get your driver's license, so you're learning on something that is totally different, probably more difficult. And yes, it'll translate, but not nearly as smoothly as you practice on the type of car that you're actually going to drive.

So in that way it makes more sense to practice on the type of software that you plan to use real money. So, by the end of the starter class, you're gon na have a good understanding of trading platforms. How to execute trades, buy and sell walk you through that in simulator you're, going to understand stockholders, which is something that you'll see a lot when we're talking about momentum trading, you're going to understand scanning now scanning 101 basic stock scanning. This is a very important component to trading and um.

I can go over here, so this is our members, dashboard and i'll - just jump over here quickly and log into the chat room. So it's after hours right now, but i should still be able to load some scans from today. So so what you have here? This is our members from the members dashboard. This is our chat room.

This is software that we've developed. I have a development team, that's built this all out. We use real-time market data to produce these scanner alerts. These are scanner alerts here on the side and right in here, and this is a news feed that we subscribe to.

That puts news headlines right in the chat room for our students, so uh so right here, the the scanner alert, for instance cpix. So what this is doing is it's searching the entire market, like a radar searching for stocks that meet my criteria for having potential to give us a momentum. Trade now different types of traders would use different types of scanners, so these tools are all designed to look for the type of stocks that i trade every single day right now. The nice thing for you is if you want to learn how to trade momentum.

It's a good idea to use the same exact tools that a momentum trader would use. It doesn't make sense to use a different kind of tool if that's uh doesn't apply to that type of trading. So, for instance, if you went to like finviz um, which is a website where you could do some um some like really kind of well it's i don't want to say basic, but you know you can do some scanning on finviz the the problem with it is That this is more scanning like daily charts and stuff, like that. This is not going to be the type of intraday scanning that you're getting right here to show you in real time.

What's moving so again back to the starter class by the end of chapter 12, you're going to understand the basics of how scanning works and how to read the scanners that are in the chat room, we're going to get you prepared to trade in the simulator for At least well, we hope 90 days that you'll practice we're going to get into the psychology of trading, and here i actually bring in my personal trading, coach, ted and diane, and the three of us sit, and we talk about one of the biggest challenges uh to Finding success as a traitor - and it's right up here - it's the mental game, so the mental game is uh as difficult for a lot of people is just learning that the technicals you know, there's a technical component of learning, how to trade sort of the mechanics of Learning something new learning the software and then there's the whole mental component, which is learning to be comfortable with risk, and we know that there's a lot of risk in trading, i'm not going to sugarcoat that we know that a lot of people lose money trading and Every day that you take trades you're battling against yourself, it almost seems sometimes to me that to be a good trader, you have to be able to override your natural human instincts in a way, because clearly, natural human instincts cause most people to lose money in the Market so there's a process of being able to trust the chart. Trust in the pattern follow a strategy and not fall victim to these very common behaviors that many traders suffer from which the most common would be to sell winners way too soon and to hold losers way too long, which results in a negative profit to loss ratio. Where you have big losers, you have small winners. If you trade, like that, you've got to be right, 80.

90 of the time just to break. Even that's not a realistic expectation. My average here - and this is over the course of 17 000 trades - is about 69. So i'm right 69 of the time, i'm wrong 30 of the time and i still make money and that's because of the way i manage my risk.

My profit loss ratio is about one to one. It's it's slightly negative. I did have a couple of big losses that drew that down, but that's not too bad that it certainly could be worse and the accuracy makes up for it so uh once we get you through the warrior starter class uh through chapter 14, the psychology of trading Chapter 15: we're going to talk about day trading as a business. A lot of traders ask me questions about day trading in an llc day trading in like an s corp or something like that, which you know if you're a day trader and you're, making an effort of making a go at this.

You are essentially self-employed. So, there's something that um, obviously we we need to cover in that area of kind of how to approach it. We'll also talk at that time about sort of just as an intro trading in retirement accounts. I do have a whole separate chapter on that down here.

This is more of like an elective class day trading in an ira or a 401k, something that a lot of traders will do. Of course, it's risky, you don't want to be trading or some would even say, gambling, certainly with your retirement. On the other hand, if you can make a contribution to an ira which is like, i think it's six thousand dollars a year or something like that uh, maybe it's a little higher now, then you could use that to start trading with that money. It could be more speculative and if you can grow it, you can grow it tax-free, which is great so back to the top.

As a warrior pro student, you have access to the warrior starter course: that's a 15 chapter introductory day trading course. Then you have access to my small cap day trading course. This is the class that most of our students get really excited about. This is where i get into strategy development all right, so we go through again intro to day trading momentum, risk management, stock selection and building a daily watch list chart patterns on the daily intraday chart patterns, chapter 5, chapter 6 level, two tape, reading hot keys and Hot buttons chapter seven strategy gap and go trading.

This is strategy: chapter eight momentum, trading strategy, chapter nine reversal trading strategy; chapter ten short selling momentum strategy; chapter 11, high speed, breakout trading expert level. Then we get into stock scanning again, but we covered in more depth position management, trader psychology, building discipline, creating a trading plan which is essentially a business plan for learning uh. For for how you're gon na trade uh talking about when to trade with real money, i cover small account challenges. Chapter 17.

I do interviews with some profitable traders, which are always interesting to tune in and listen in on chapter 18, we talked about taxes and accounting. Chapter 19 overview of trading tools in chapter 20 is the capstone class. So this is a 20 chapter course. I taught it brand new in 2021 over the course of it was.

It was like six to eight weeks. It was a pretty long stretch. I was teaching uh just about every day. As soon as i would finish trading, i was teaching classes, so these are fresh for 2021.

It's a great round of classes that you guys will really enjoy so you'll have access to that as a warrior. Pro member you'll also have access to a large cap day. Trading course taught by mike this one focuses on trading stocks that you may be more familiar with you hear about all the time you know: tesla netflix, facebook, large cap stocks, active investor course. This is more about swing trading, so this is a great course that was taught brand new in 2021.

We've got a new swing and options trading course. Where i talk about buying options, contracts, writing and selling option contracts, option spreads premium pricing. Then we get into uh technique, so in this way we're talking about swing trading and utilizing options to reduce the amount of capital at risk. I talked about selling covered calls, selling cash secured, puts, selling vertical credit, spreads iron, condors buying vertical credit, spreads for directional trades and then buying calls and puts for directional chains.

So five different options strategies there, and these are elective courses in a way the most common. The most popular that students will go through is the starter and then the small cap class, and then some students who say you know i don't really like the small cap day trading course that much i i'd rather focus on large caps. Then they start to go into some of these ones. Here live trading archives, you guys! Many of you are already familiar with these.

I have a huge library where you can go in and watch them. So some of the best and some of the worst days that i've had trading are in the archives. You can go back and re-watch them again and again and again and get a sense of you know in that moment at why what buttons i was pressing, how is making the decisions of buying and selling and getting in and out? We also have a library of mentor session recordings, so this is the curriculum. Now one of the cool things about being a um, a member of of warrior trading - is that not only is the chat room open every day monday through friday, we've got our our newsroom right here and then we have the different chat rooms.

Small cap, large cap. We have a support room for a q. A and we've got the newsroom. We've got a lounge, we've got a warrior pro mentor room, we've got the live classes room and then we have a testing room that i have access to for stuff that we're working on we're always kind of working on different things.

To release to you guys as improvements, so one of the nice things with your warrior pro membership is you have access to the chat room and you also have access to daily mentor sessions. So today the q a session was at 11, am probably at 11, either. 10, 30 or 11 again tomorrow often check the calendar and we have these every single day. So, as you're going through the curriculum you get to come in, you get to log into the live classes, room or the warrior promento room, and you get to ask the questions that you have.

One of the awesome things is that you're becoming part of a community. You don't have to do this on your own, you can be part of the community, and so you have a year of access. Most people will join for a full year. So during that time, you'll have a year of access to the chat room, all the classes, the live archives and the scanners and everything else, and then at the end of the year, you can renew for a second year, but you don't pay the price here.

We have a discounted renewal rate that i mentioned earlier. I think it was for andy who's, a former student who's wanting to get back in the in the classes. So one of the reasons, for instance, that we don't have chat room access only so for someone like andy who's, already taken the classes. Well, we don't even have a chat, only membership right now we used to we don't anymore we'd rather have someone like andy, regain access to all those classes.

So what i want to create is a community of traders who are all looking for the same type of setups that i'm looking for. It creates so much value for me and for each one of you. So today, for instance, a student mentioned to me bfri, and i i already had bfri, which was the stock that i trade this morning. I had it on my watch list.

We we had taken a look at it and i'm pulling up my charts here in just a second. So someone said: hey take a look at this. I think this looks like the spot, it's starting to curl and i pulled it up and right then, and there i knew that that was a good setup and i wanted to jump on it and had i not had the student mention it to me, i would Have completely missed it, and i can't tell you the number of times where uh that's happened to me. So it is such a huge benefit to be in a community of traders who are generally trading the same strategy as you, a momentum-based strategy, because they help you find ideas, see things that are moving and you're just simply um you're, not on your own.

So, let's see and by the way, those on um that are tuning in on youtube and, of course, i'm only broadcasting this on youtube. Please hit the thumbs up. If you haven't already, it makes a huge difference. I see we've got um a bunch of people who have already done that, but thank you for doing it.

I really do appreciate it. Let's see, and if you want to share this video with a friend who may be interested in becoming a student, we would love that too feel free to share it and send it out all right. So uh, let's see just look over here all right. So where was that chart so bfri um? That was um this morning, so it was pretty volatile stock today uh and it was right.

It was right around here, so i had already drawn this ascending support line and it was as it broke right here over 950 as it curled over 950. I got in there. My target was a retest of the volume weight, average price and move back up towards. Maybe optimistically 11 11 39, but we knew we had descending resistance right here anyway, so uh.

This is a trade that i took today and i finished uh up uh thirteen thousand dollars just about so i'll put this up here um. So i have my retirement account and then i have my main account, so i usually trade in one each day so 13 524.66 again, not not to say that uh john, that my profits are typical. I i don't know what is typical uh for a day trader and i don't know what is typical for a student. I i don't know that anyone really knows.

There's some studies out there that have speculated that the average success rate of a trader is very, very low. Many people have just said: uh less than ten percent will be successful, so we often will say that nine out of ten will lose money, but it may even be lower. It may be higher, but we don't know and - and i you might say well, how could you not know well, of course, as an educator, i my students, they don't trade with with me, so i don't have access to their broker statements and things like that and The brokers that do have access to that information - you know td, ameritrade and robinhood well, they're, not sharing the metrics of how profitable or not profitable their clients are i'm sure that would be some breach of privacy if they were um. Sharing that those types of statistics.

So nobody really knows, but uh there's been some studies and we comment on some of them that are um that have been more publicly available, but we know it's difficult. So, in any case, i share the results, because i do think it's important that you know the person you're learning from is uh credible and is profitable, and i am - and i do have my broker statements on the website. If you uh like to look at them - and you might also say well student, you know broker statements on the website. I've never even heard of that most uh, i'm not sure of any other trading educator that does have broker statements on the website.

That's something that i have but but most don't have it. So that's you might say. Well you know why not, and i think that that's a good question to be asking yourself. So these are my uh 2021 uh broker statements here.

So each month is posted early in the the following the following week, so early december november will get posted okay, so, let's see so back to the members dashboard. So i gave you a little walkthrough of the chat room. You've got your scanners. Those are from right down here and you've got your uh your chat rooms, the small cap and the large cap, and then back to the dashboard.

You can check out the simulator and download the simulator from right in here. You can check the mentor session calendar right over here and then this is where you can see the educational classes all right. So i already opened this in this tab right here. So this is the warrior starter class chapter, one through three 2021 version, and so let's see yep a chapter two so picking stocks flowing short, so uh.

In any case, this is where we start to get into the classes. So this is the curriculum. This is me teaching and i'm uh sitting right in this office right in this very chair, so this is uh probably familiar. This is a bunch of examples, and so that's that's what we do we go through it and i love helping you guys.

I love teaching. I love talking about trading; it's definitely definitely a passion of mine, so let me see um i can go back here. I think i pretty much covered everything that the warrior pro membership includes. So maybe what i'll do is a little bit of q a here for those that do have some questions uh, and i guess one other thing to remind folks.

I see it just as i look at the stream, so our students have access to um an ultra low latency broadcast, which is nice so youtube. For instance, has we we use streaming servers, as you guys know, um. You know when you broadcast on youtube, but they are not ultra low latency, it's expensive to run ultra low latency servers so right here when there's a broadcast you'd be able to open this up and you'd be able to see and and listen you'd see my screen. You'd be able to listen to me trading, and the nice thing about the ultra low latency broadcast, in contrast to like a youtube broadcast, is that the the the latency is very very low, it's ultra low.

And so, when i'm talking about level two, when i'm talking about seeing a seller on the ask, it's a 20 000 share seller and i'm waiting for it to go. 18. 17. 16.

15. 14. 13. 12.

11. 10. 9. 8.

7. 6. 5. 4.

3. 2. 1.. If i'm giving you that market commentary, it is so much more helpful to be hearing that and being able to see exactly what i'm seeing on your own screen when you're 30 seconds or 60 seconds behind, because you're using youtube or something like that.

That's fine! Just for general kind of education learning, but when you get to the level where you're really trying to figure this out, you want to be like right inside my head right that that's! If you're wanting to learn something. If you want to just learn the ins and outs of it as much as possible, that's what you need: okay, so um, and so i'll throw this out there um. I don't know! Where do i have these um, so i've got something i'm looking for here. This is uh, this is old old old stuff, so this is a broker statement from um.

My first trading account. Let's see what i have here: oh that was nice um. I this is a christmas uh letter from my mom, that was nice uh old one, but here is um. This is an ameritrade statement, so i'll um put my well.

I guess it doesn't really matter so anyways um, fair trade statement. Here you can see this is ameritrade. This is from 2000 june 2004, and this was the first uh first trading account that i had so at this time i had a trade on uh. Let's see it was nbac, that's still now so um.

Oh sorry, nabc nope! That's not that's not around anymore! So let me let me look and see those new alliance. Uh bank shares inc. It's formed in 2004.. I wonder if they changed symbols, they either changed symbols or had a merger acquisition nal.

No, it's not that one either huh interesting well, in any case um, i'm just curious. It's always interesting to see what the price is. Um a little bit later down the road see, i think i have another one over here. So all this was to say is that i've been interested in the markets for a very, very long time, and i found as beginner traders will find that it's actually very difficult to find uh success in the market and when you have a small account, it's it's Even harder, so i don't wan na you know, i don't want you guys to think.

Oh i'm going to start trading and i'm going to be. You know whatever um super successful or i'm going to turn. You know 600 into a million bucks or whatever the case says. That's not the typical experience trading is hard and i traded for a long time before i really found any profit or success.

So sometimes people ask me about my turning point and for me i had a couple turning points, but um one of them was - and this is so important. I tracked my trading metrics and if i hadn't been tracking my metrics, i probably wouldn't have had this breakthrough. So by tracking my metrics right here, for instance, so i can go into my reports view i can look at the month of november and i can go detailed and i can see um. I can see price profitability based on time of day.

I can see profitability based on price of stock right, so what's interesting, uh this month is that i really haven't done well on stocks over 50 dollars right uh. We could look at uh the instrument, so you can see some of the biggest losers. This was sava. This is another one, an ipo you can see some of the biggest winners, uh performance by instrument volume and so by looking at these uh, this type of data you can get a better understanding of what you're doing well or where you're suffering, and so one of The things that i discovered was that i so i i had this habit of just being so hyper aggressive.

I would trade anything and everything and when i would start to feel frustrated, i would just trade more and more and more every stock that hit my scanners. I would trade i would buy this and then i'd buy this and then i'd buy this. I was a chronic over trader and you know who loved me my broker, because in those days i was paying so much in commission. They loved me trading, but i i wasn't doing so well because i kept losing money and one of the things that happened to me was uh.

I caught a really big loss, it was the beginning of a new month and i was down about five thousand dollars. Now, at that time my monthly goal was five thousand dollars. I wanted to make five thousand dollars a month and so to lose. Five thousand dollars in one day was devastating and it was the first week of the month.

So now i was, i was really in a bad place. My account was below 25 000 after that loss, so i was below the pdt level and i couldn't trade the next day, all right. I had to put more money back in, and so what i ended up doing was pouring over all of my metrics and trying to get a sense of all right man. We got to go back to the drawing board.

We got to figure out. What's going on here, because what i've been doing is not working, and so i decided to look at my biggest winners and try to figure out what do these have in common, and i found that the biggest winners most consistently were stocks that had high relative volume. Why did they have high relative volume because typically they had breaking news that day? Typically, they were a gapper that day a stock making a big move, and i realized that if i focused on the right type of stocks and filtered out all the junky stuff that you know might pop up just for a second but then fade pops up. For a second then fades pops up for a second and fades.

The ones that have staying power are typically the ones that have news now. Sometimes we have a stock, that's gapping up and is moving high. That doesn't have news, and i all at this point occasionally trade, those but as a rule of thumb, i began focusing on higher quality stocks, stocks gapping up with news, and i was focusing on better quality entries and i was trading less, but trading with bigger position. Sizes on the trades i was taking, and i in fact said you know what, even if i only see this type of setup once a week, but i trade it with 10 000 shares, i'm going to hit my weekly goal.

If i can just focus on this one strategy - and so that was like totally reinventing the way i traded because previous to that i was just hyper trading, i was trading everything that was moving. I would trade from early in the morning all day. I would have days where i'd go into the green and give it all back and that's what happened on that, that big red day you know i was doing fine and all of a sudden. I caught this one big loss and i talk a lot about not overstaying.

Your welcome uh and many traders um. I have to learn that through experience, but i also have this note for myself: no gaps, no trades and i still have this today. I still use this as my uh sort of philosophy with trading. If there's not something that looks good, i'm not going to trade, i'm looking for good quality, setups, strong stocks, the right type of stocks of trade momentum, stocks they need to be gapping up.

They need to have news now, pre-market i'll, still, trade, i'm happy to trade, something pre-market, that's moving up! That has news. It's hitting the scanners, that's fine! If it's one of the top five leading gappers in the entire u.s market, i'm very interested, and so that's what these scanners are helping me look for. So i've now developed a set of tools that help me find the right type of stocks to trade every single day, and so every single day, when i come in my job, is fairly straightforward. I look at the scanners.

I go through each one of them. I look at the price now this one, which was our leading gapper today, was 92 dollars, so i didn't trade it. I said no, it's too expensive. Now.

I already knew based on my metrics right here, that higher price stocks recently haven't been as easy for me. So i was like i don't know, i think i'm going to leave that alone. It's not in the right price range for me right now, so i left it alone. Then i go to the next one.

Ptpi all right looks interesting, not totally sure about. It did end up trading it a lot of volume really great but a little choppy. So that's more of a technical decision. We were looking at the chart.

I didn't like the chart nrxp. I got a couple trades on that price. Seven, eight dollars! That's fine! Good volume float is a little higher floater. That's the number of outstanding shares available trade.

So when a company does an initial public offering they sell shares onto the market from that day forward, that's the float float, can change through share buybacks or secondary offerings, but uh generally i mean it does change, but not on like a daily basis. Ptn floats too high at 227 million price is too low at 80 cents adgi to price too high 45 floats 64 million. Apdn looks okay from a price and flow perspective, didn't like the chart and now ycbd a little on the cheap side. Cmpx floats a little high starting to get further down the gap scanner, i'm usually focusing on the top five all right.

So that's my kind of approach each morning and then, of course, looking at the chart doing my due diligence and then looking for that good entry. Where's, the right entry where's the spot, where i want to be a buyer, and at this point, even if i only take three or four or five trades, you know, perhaps in a day i'm focusing on high quality setups and i take larger share size. So, for me, larger share size now could be anywhere from a starter of 10. 15 000 shares, usually 5 000 share block up to 15..

If i like it, i can go up to 20. 25. 30. 35.

40. 45. 50.. I can go higher than that.

If there's good volume - and sometimes i will probably haven't taken a position of more than 100 000 shares on anything this year, so yes to have the type of profits that i've had average share size is certainly higher than it would have been uh several years ago. But that's sort of the normal uh. I think growth of a trader as you find success. You start trading with larger share size, you get more confident and so on and so forth.

So that's typical! So i do trade with bigger size. I wouldn't expect a beginner trader to trade with as much share sizes as i do for sure all right, so um, let's see so, can i talk about percentage portfolio in a trade when it comes to a big account, so, yes, i can, and very simply i Don't think about it at all, uh, i'm not i'm not saying that. That's the um, that's the best approach, but for me when i started and of course, with the pdt rule, twenty five thousand dollar account. I had twenty five thousand in there, but i had four times leverage right for day trading, so there were times where i would buy ten thousand shares of a seven dollar stock.

That meant that i was using seventy thousand dollars of buying power and i was actually using the 25 000 in my account plus another, whatever 45 000 in in leverage. So that's using a huge percentage of your account because you're actually using borrowed money risky for sure, but something a lot of traders will do and i did it for very short periods of time. So my average trades are short. But during those short periods i might use almost my whole account in a trade now remember from a risk standpoint.

I don't think of that, as i'm risking my whole account. Why? Because i bought something that has value just like. If you buy a house, you buy a house for 250 000 you're, not and you're, maybe planning on renovating it and then reselling it you're, not really risking two hundred fifty thousand dollars because you now own a house. So maybe the market goes down.

It's a little soft. You put some money into it, you turn around and you sell it for a loss but you're not going to be selling it for zero. I mean unless it burns to the ground, but then, of course, in that case you would have to have insurance and with the stock, if you buy 10 000 shares of you know whatever stock. It is now you own.

A 10 000 share position in that company. So the way i think of it is the risk for me is i'm in it at seven, i'm willing to hold it until what price and what price does it have to break for me to say no, i'm out of this thing i can't keep holding. Maybe that's 650, maybe it's 675 whatever it is, but that's about setting a stop and using some level of risk management. So i i just don't think about it as um as percentage of my account some might, but i think that those who would would be more inclined to be taking longer term positions where they're holding it overnight and that the risk exposure is higher sort of having To think about you know what percentage of my portfolio will.

I will i take um now, one quote by warren buffett: uh is that diversification is um. I don't know, i can't remember the whole quote, but but he said, if you know what you're doing you shouldn't diversify. So if you know what you're doing you should just go all in on what you know um. So he's not like you know the type of investor that's going to own.

You know a hugely diversified portfolio he's going to be heavily concentrated on what he's really confident in so there's different different approaches. So muhammad asks: what do i think about level two level? Two is a huge component in my trading so level two and i'll put up uh the simulator here, just to show you uh what level two looks like. So this is level two market data, so this is kind of like an island. If you, if you can think of it, like that, it's an island, all the buyers and all the sellers converge right here to trade shares of this company.

Now, that's mostly true, except that there's some orders uh that go through off market between institutions. So there's some stuff like that, but for the most part, as a retail trader, all of our orders go through the level the level two right here uh. So this is important because when i sit down and i'm looking at a stock there's a lot of things that i can gain just by looking at the level two, i can first of all look at the price 466 11 by 466 17.. So this is your lowest.

This is your highest price buyer right here. So someone out there right now is willing to pay 466.11 for a hundred shares of the s p, 500 spy and the market maker that they're using to send their order to the market is arca. Now, there's someone on arca selling 100 shares at 466.17, but they are not at the same, that's the same price, so that's the lowest price seller and then you've got the highest price buyer right now. If someone wants to just go ahead and sell right now, this moment, there's someone here buying 100 shares.

They want to buy 100 shares. You can sell to that person right now or you could put your order on the ask on this side and ask for 66.17 and wait for someone to come. Buy your shares, so you can sell on the ask or you can sell on the bid directly to a buyer. You can buy on the bid right here at the best buy of 6611 or you can buy from someone who's selling right here at 466.

17.. So you know it's very helpful to be able to see this. You can see the spread, the difference between the best bid and the the best ask. You can also see the size of the orders, so this one is a six cent spread this one's a seven cent spread 603 610.

This one's a five cent spread here, you know so anyway, so on and so forth. You can look at these and um. You can gain some um some insight and, as the stock is actively trading, it's extremely helpful because you're seeing the orders going through in real time and this right here uh this long stretch. This is the tape so reading the tape is actually reading every order.

That goes through, and in the older days it actually was a little strip of paper that people were reading. It looked like a like a sheet of tape, scotch tape, let's see so um anyway, so yes, level. Two is very important: um uh, as you're uh learning to trade, so josh says hey serious question. Your results are not typical.

How can you teach someone to get a non-typical result? So, in other words, can you teach me to get a non-typical result? Can you teach me to be a profitable trader and to be completely fair? I can't promise you that i will. I can't promise you that i can do that. I wish that i could, but we know that trading is risky and we don't know what the typical result is of a student at warrior trading. Like i said before, we don't have our broker statements for for students.

Some voluntarily will share them, but knowing the actual success rate of a student for any educator is extremely difficult for a number of reasons, and so, at the end of the day, we simply say that we don't track the success of our students because we're not capable Of doing that, we don't have access to their broker statements and things like that. So what we'll tell you is that trading is risky and there's no guarantees, there's no guarantee that by joining this class it'll make you any more likely to be successful than just doing it on your own. Now i can tell you that if you want to learn about the markets - and you want to learn specifically about momentum trading, i think it makes a lot of sense to learn from someone who is a momentum trader from someone who's been doing it for a long Time so, if you're looking to gain financial literacy, this can only help you in that journey, all right so and i'm just putting it on the table. There's other people out there.

That would say to you and i've seen the ads on instagram or on facebook. You know with as little as x amount of money. You can you you can do this. You should be able to do this.

I might be able to do that, but i can't tell you that you could do that. I don't know what your aptitude is. I don't know what uh your experience is: there's a number of different factors that can lead to whether or not you'll find success. So but the goal is um, you know generally to yeah sure teach you to fish, not to just hand you the fish to really try to teach you as much as i can, and you will walk away from the warrior pro class with a very strong understanding Of the financial markets, especially in the area of day trading and you're, also going to find that you're going to learn a lot about yourself, because trading forces you to look inward right: the emotions of trading, the ups and downs.

They force you to look inwards, and so we do a lot of work on trader psychology, because one of the things that a lot of traders struggle with is the emotions, the frustration, the disappointment of losing the fear of loss, fomo impulsivity. These are all very common. Behaviors for traders, so you know i've i've been through a lot of them. I suffer still from some of them at times.

The worst day of my entire career was this year in february. On my birthday on my birthday i mean so i can tell you that i've i've seen um, you know what happens when you get emotional trading, how painful it can be, how long it can take to recover and uh, and i put that all on the table. So you can, you can learn from me, you know, and it's one of those things that sometimes you have to make your own mistakes and learn from them yourself. You know, but i i share with you my ups and downs, so you can hopefully learn quite a bit from them as well uh.

Thank you guys again, those who are tuning in uh here on youtube. I hope you hit the thumbs up. If you haven't already uh hit the thumbs up, please please. It really does make a huge difference.

If you share this video with a couple friends again it's cyber monday - and i want to come on here and do something special. I know we'll probably have a number of uh new students in the community tomorrow, so i got ta make sure i do get my rest tonight but um. I finished bedtime stories. Um with my my boys got i'm tucked into bed and i came over here.

I wanted to start this broadcast and talk a little bit about what we've got going on here for cyber monday. Could i share my thoughts on my view on other traders, while i'm trading enemy competition, teammates gears in the machine, you know travis, that's so funny. I i don't think about it. A lot i think about.

I will think about the inverse of a short seller, so i'll think. If i'm long here you know where's a short seller going to cover um. You know i sometimes i'll joke that i you know drink the tears of short sellers. You know silly stuff like that, so a little competition, but nothing i mean i i you know i just i i kid i mean i really don't um think too much about it, just from technical perspective uh.

If something is strong, i'm obviously just thinking. Okay, there's a lot of momentum on this. Clearly, there's a lot of momentum traders, but you know i i we all that's kind of the funny thing we trade the market together, but you know at the same time we do we trade it very independently because we're all in our own computers, we're all executing Our trades on our own, so you know we we're really. We are doing it um ourselves, and you know what i've sat right next to someone trading um.

I've done it in uh, when we've had seminars in florida and uh las vegas and new york and sitting right next to someone trading we're both trading the same stock. We have different entries, we have different exits, it is impossible to mirror trade. Someone i mean you could be sitting right next to someone and you're still going to have a different entry. So you know i i don't encourage anyone to try to mirror trade, which is just to blindly follow.

You know me or anyone else for that matter. I just don't think it's a. I just, don't think it's a it's! It's too simple! It's it's you're, trying to cut out all of the hard work and just blindly follow, but at the same time you know if you've got all these people trading one stock. There's obviously a reason right, and so i try to trade the most obvious stocks each day they are usually among the top gainers on the day or the highest relative volume stocks on the day, so that that's always my reminder that i am trading the right stocks.

So top relative volume today and occasionally you'll have some light volume stocks that hit that scan, but um, and actually it looks like today, there's sort of an a couple of them. This one's got only 600 000 shares. That's like cpix is pretty high ycbd and that's pretty high. Of course we have our top gainers here.

Let's see what this one is: um yeah, so these ones we were all looking at. So again, i thank you guys so much for tuning in um, one of the things we've got going on right now with a cyber monday sale. That um is ending uh very soon is uh a 14-day money-back guarantee, that's not something that uh we've uh. I don't think we've ever done that uh for this type of uh sale.

So this is the first time we've done that and uh. You know i mean i i don't mind doing it. No doubt. Obviously, people there'll be a certain percentage of people that will go through um uh.

You know go through the some classes in those 14 days and then say i don't know. I want my money back and that's fine, but there's going to be the majority of people in our experience that go through and say you know what wow i love it and the 14 day money back guarantee. If that gives you the confidence to say all right. You know what i'm gon na, give it a try.

What the heck it's 14 days uh, then we we now have 14 days to earn your loyalty and we hope that you become a long-term um. You know lifetime member that that's you know, that's what we'd love to have happen. I i can tell you that we have right now: we've got uh five students who have made over a million dollars. Five of my students, um one of them, is over 2 million and we've got a bunch that have 100k 25k, 50k.

500K badges. I say that not because the typical result: five students who have made a million dollars out of um. I don't even know how many students we've taught in the last six years, but ten, oh tens of thousands, thousands of students who have come through the classes in one class or another, whether it was a starter or a pro or something like that. So your odds of success there, just measured in that way are, are very very low, but it doesn't change the fact that i am super super proud of those students and i always try to understand the kind of you know, anatomy of a successful traitor.

You know what is it that they have in common and so something i can tell you that those students have in common uh and it's it's worth noting. I would say that all of them began trading with um, with pretty adequate amount of resources. They weren't they weren't, strapped um. One of them had uh another business that was giving him income, so he was doing pretty well.

One of them had was already very wealthy, so that was he had a great start there, just from wealth. He still made money trading.