What's up you guys? All right? Well finishing the morning here with 22 000 in profit? Not bad. Step back in the right direction after kind of a choppy couple days on Tuesday, Wednesday and Thursday Monday was great. almost 100 thousand dollars in profit, but then Tuesday Wednesday Thursday not as great, a little choppy, a couple red days, and now back with 22, uh, 200 or so here on Friday. So that's good.

And for uh, furry Friday and thankful Thursday I'm doing a donation of 22 000 the amount that I made today to some non-profits in this community here in Berkshire County, Massachusetts, including the Berkshire Humane Society, Volunteers, Medicine, Uh, People's Pantry, and a couple others. So trying to pay it forward a little bit and take some of that profit off of Wall Street and send it back to the local community. And hopefully you guys are able to do some of the same. So make sure you're subscribed to the channel if you're not already.

Uh, we're trying to get towards 750 000 subscribers by the end of this year, so help us get there and I will see you guys! Live Streaming first thing on Monday morning and I might jump on over the weekend to say hello to everyone and see what's going on. So if you do see me, uh, pop on live streaming, feel free to tune in, Say hello. All right. So I hope you guys have had a great week, have a great weekend, Enjoy the recap questions, comments, leave them below and I'll see you first thing on Monday morning.

All right everyone. So uh, we're gonna break down the trades from today: Twenty two thousand, two hundred, forty five dollars of profit which is fantastic. A nice bounce back after two red days in a row. I'm green on four out of four stocks that I've traded so in really good shape here today, with Craig being uh, the leading gapper which was a surprise, it did end up gapping or the leading winner for me, it was gapping up 55 excuse me percent and my first trade on it was pre-market at 395 for the break of four as all of a sudden it came out with news at nine and ripped from 350 to 4.

So I got in a little high, but I got in for the break of the whole dollar in at 395, taking a little profit in the teens and then it came back down, held support at four and I added back and then that opened up for a move up to 425 430, pulled back again, added for the break of 450 and that gave us a squeeze up to 5 30. it never retested the pre-market high and so I'm up 16 000 which is a good day on that stock. but it's not. It's not a, you know, huge huge day relative to you know, how my green days have been when I have a really good day.

Mtp was our, uh, one of our leading gappers here, gapping up 43 with a 6 million share float 84 000 shares of 84 million shares of volume right now. And this one actually put in some really nice big green candles right here. I got this one and right here. We got this one too.

so you know we had a couple nice big green candles on it. a couple big red candles too as you can see here and I think the indicator here. So I was actually buying the dip at 407 and then I stopped at four. So I stopped at the psychological support of the whole dollar.

So when I saw it coming back down to 402 401, there was a buyer at four of like fifteen thousand shares and it went fifteen Twelve eleven, ten nine, eight seven six five, four, three, two One. And I know what happens when it goes to Zero. That level of support cracks, you get a flush. Uh, so that was Mtp and I'm doing kind of a quick recap.

Um, I'm gonna do some Q A for pro students. Uh, as a reminder I said today for Thankful Thursday and Furry Friday. Whatever I made, I would donate and even if I lost money, whatever that number is, I would give that again as a donation to non-profit organizations today. So 22 245 dollars in profit and that is going to be paying it forward.

So some of that will go to the Berkshire Humane Society. some of it will go to the People's Pantry that Helps. It's like a it's a food pantry. Some of it will go to Volunteers in Medicine here in Great Barrington.

And uh, there's a couple other organizations that I'll contribute to as well. So I'm wanting you know, kind of, um, to end the week on a nice note with a green day. And I thought, perhaps if I was trading, um, you know, for, um, those non-profits today, that that might motivate me to be a little more aggressive about not giving back profit because it's not for me, it's for someone else. You know, if I trade someone else's money, it, I mean it.

It's obviously my money, but if I'm trading for someone else, it kind of makes me, um, just like I feel like I have to be more careful. Um, if it's for me, like and I lose, well, you know, whatever it's that's that's on me. But when I was doing it for this, this kind of purpose, it changed the mentality a little bit. So anyways, um, yeah.

so twenty two thousand, Two hundred, forty five dollars going out, Uh, to some of those organizations. And as I mentioned during my recap, some of these organizations are operating on an annual budget of anywhere from five hundred thousand to a million dollars. So when I'm able to contribute five thousand, ten thousand a month to four or five different organizations through, you know, two or three times monthly, Twenty Five Thousand Dollar donations. I'm actually able to be a contributor of anywhere from Five Ten Fifteen Twenty percent of their annual budget.

And that's a pretty big deal to be able to take money off Wall Street and give it back to local organizations. I mean, there's obviously a lot that can be said about taxing Wall Street and this and that. And you know, Wall Street short term capital gains are taxes are not our income rate. Obviously, contributions to charitable organizations are tax deductible, which is you know it's A.

It's nice it allows you to double benefit from doing something good, but it doesn't have to be that the only way to give money to organizations that need help or through you know, taxation and grants and things like that. It can be that you say I want to put my money where my mouth is and help make this a better community. And so I'm going to put my money right back into the community. Now of course I could donate to really large organizations like United Way and Red Cross and stuff like that and those are good to do.

but um I like as much as I can to put the money right into the accounts of local businesses you know, the Chamber of Commerce, the local hospital and um and some of the non-profits that are helping people in this community. So with like volunteers in medicine if they can help people in this community. stay healthy and avoid having you know all of a sudden not taking care of themselves and then the catastrophic emergency situation I mean that's going to then help the hospital, it's going to help the whole I mean it all helps the whole community. So anyways um 16 000 on Craig and if we go back to Craig because I kind of did a a a quick breakdown we did have an attempt at a curl back up through the volume weight average price but it didn't hold.

I did take this trade right here for the red to green move but I bought it kind of high. It still worked but I didn't get in down here on the dip. I was actually a bit more cautious today about doing dip trades in general just because I I sort of felt like maybe you know this isn't the market to be super aggressive on dip trades. It sort of felt like the last three days um you know the market was was pretty momo was slow, we didn't have a lot of momentum in the market and so today I was like you know what? I'm gonna do a trading for some local organizations.

I'm going to try to take it easy. I'm going to bring my share size down to 10 000 shares max size until I hit my daily goal. I hit my daily goal pre-market on Craig got over 10 000 which is my daily goal and so from there I increased my max share size from ten thousand shares to twenty thousand and that got me from up about ten Eleven thousand to up sixteen thousand on Craig pre-market And then I switched gears. Um when the bell rang to uh, Mtp right out of the gates on Mtp, this ripped up in my first trade.

Does anyone know what what would be the setup right through here? I'll give you a hint, I'm pointing to a whole dollar. So I got in for the break. The whole dollar I got in it about 295 to anticipate the break through the whole dollar and I bought 15 000 shares. I sold it at 305 for about fifteen hundred dollars of profit.

It hit a high of um oh, six or oh seven, then up to nine, up to ten, up to twenty. I didn't trade in this area because I felt like it was. I was like where's the entry then it rips up to 50 and up to 67. Without me it pulls back, it comes back up and I initially was like i, i can't trade this because this red doji on uh, topping topping tail, candle, it's it's too high But when it came back up I bought right here at the high and the only setup there was that this is going to squeeze out early short sellers because if you're short into that setup, you're going to want to cover.

And so I took the trade there for a short squeeze, it popped up and then I bought the first one minute candle to make a new high right there with 10 000 shares and we got the squeeze up to four. I took my profit uh at 90. Well, so I added on this at 95 for the break of four. So I went for the whole dollar breakout and it, uh.

when we came up to 99, there was like a 20 000 share seller 98, there was a 15 000 share seller, another one at 99., another one at four dollars and I was like, you know what? I'm back out. So from my ad at 95, I was selling at like 98, 96, 94, 93, 92, and 88. So I ended up actually losing a little bit on that last trade. but not a lot.

Hey Zeus, your question? What's a micro pullback? So that's going to be in chapter six of the Warrior Pro classes. So during our Q A, I'm happy to answer questions specific to Ross. I was watching chapter six and I was checking out the one minute pullback and how do you use the you know level two on that setup? So a clarification question on the classes? Happy to answer that? A clarification question on a trade that I took. I'm happy to answer that, but a question that's definitely covered in the classes I want you to go and watch that.

Chapter six and go through that because part. um, we have a specific part where we talk about the micro pullback. So um, but essentially a micro pullback is a bull flag that occurs either on a one minute chart or a 10 second chart. And that's micro because it's such a short time frame.

So some nice trades here, but then a false break at four and then all of a sudden right back up. So the entry here was at the pivot. This was the pivot right there. At 75.

I missed it. Dan called out a trade on that one. Great job for him. John, Jess, I think they took it as well.

I got in uh, a little high as it pulled back and based off four and it popped from there back up to 433 so that added some profit. It came back down to four and I tried to add again and then as it looked like it was breaking down, I cut it loose for a small loss. So I was up a little over 5 000 on it and I'm up 489 right now. So a little bit of a pullback, but nothing serious.

All right. So that was Mtp, nothing else there. Ebon was on the Gap scanner as well. Uh, down here, up 17, but with a higher float out of the gates, it squeezed up and got halted.

I didn't take any trades on it, but when it came back up right here I did get in right there again. Short squeeze setup and as you can see it hit a high of seven. but it didn't really hold up that well. So that was only that was only so-so not the best trade.

Fami fami. Uh, this one hit the Hyde Momo scanner. I jumped in at 15 and as you can see it's moved up. but I got in right here.

It hit a high of 19 and then it popped up to I guess 23 but it didn't hold that level so I got back out cheaper stock. I bought 15 000 shares on the first trade and so I only made like a penny and a half. Uh, each penny with 15 000 shares is 150 bucks so two cents would be 300 bucks. I didn't even make two cents a share.

so you know, not not. again a home run. but uh, not bad. So I want to import my trades here for one second.

Um, from yesterday. So um so this was that is Tuesday? No, sorry, that's Wednesday. I lost 10 000 on Wednesdays as you well know. Um, disappointing day.

So now let me import my trades from yesterday. All right. So I'm going to just move these over here so I have to go and pull these right off of my Lightspeed account. Let's see.

Browse all right there. we go okay and upload. All right. So that's going to be uploading for a second so you can see here it's it takes a second to refresh.

So refresh and refresh. There we go. All right. So two red days back to back? Disappointing.

Uh, so let's look at how just those two days look in the in context. So August 1st through yesterday. Um, net gross Profit: 340 350. 73 Accuracy? All right? Fine, Well let's just look at the two red days.

Or actually, let's look at Tuesday through yesterday. So over those, um, three days, what changed? My accuracy was pretty solid 73, right? But this is this is very interesting. My winners were only a thousand and my losers three thousand. So what ended up happening was I had a couple big losses mnpr 27 000 bucks.

That was a huge loss. I mean that one is going to go down in the record book. Let's see, my biggest loss of all time. There it is that was on Tuesday.

Sorry, that was on Wednesday. So I just had my biggest loss uh of all time. Uh, and this goes back. This is 4.6 million dollars in profit.

All things considered, a 26 000 loss isn't too bad, but that's um, that's not what I love to see. So uh, you can see that the last couple days here. Um, you know I just ended up getting caught in some bigger losers. um, price and volume.

Let's see what is this. Um, just filter that bigger losers on higher price stocks? I don't know. I mean it's it's hard to draw maybe a super significant conclusion about the data there, but I think just this. at the surface, the losers were too big, so I was holding the losers too long.

and now today is going to be, um, you know, back in in the right direction of keeping losses small. I had a couple losses today, but I kept them small and manageable and I'm green across the board. So up, um, 22 000 and that you know just about makes up for these last couple days. I mean not not totally, but I'm moving back in the right direction and hopefully going into Monday a little bit recharged if I go back to just like maybe May 5th here and I look at my um, detailed and then win-loss expectation.

So that right there is my little draw down right there. and I had a couple other red days back here. But so a little draw down, but nothing. Um, you know, I mean 23 000? That was it.

All right, so puts it in perspective a little bit. Okay, so uh, that's where I finished today. 22 245. I could keep trading, but I'm going to leave it for there for now.

And let's take a look at my swing trades. All right. So my swing trades here I have. Um, let's start with Amazon.

So on Monday starting at around 11 a.m when I finish my finish live trading on Monday, I'm going to do. I'm going to start my swing trading class for you guys. So yesterday I took a swing trade on Amazon where I sold. In other words, I shorted the calls at 3 300.

So 3 300 is right up here. So I sold the 3 300 calls for a dollar and 26 cents. and I sold 10 contracts. So that brought in 1 260 in profit.

However, if I just short them and then all of a sudden the stock rips up to 33 or 3 400, I could lose a Tr. I mean, I could lose hundreds of thousands of dollars. It could be catastrophic, very dangerous. And so what I did was I bought the 33 10 calls for a dollar ten.

And what that did is it created a spread and a little bit of a hedge. So my max loss instead of being infinite was 310. So if it went to 350 or 30, you know, 33.50 Whatever. Um, well, I would, I would be able to execute on my 310s.

So uh, reduces the loss, but also reduces the profit potential. And so my profit potential. Here is the difference between these two, which as you can see is um, 16 cents. so it's only 16 cents.

The current value of this contract is 9 cents and 8 cents. Which means I could, uh, and I probably should just go ahead and cover it right now and realize 90 of my profit potential. So what I'm going to do is, I'm going to create the closing order to buy this at a penny. Now The only thing is that that's actually going to cost me commission, right? so that that part is a little bit annoying.

Costs: 23 bucks. I could just let it expire worthless. and if I let it expire worthless, then I don't pay that extra 23. But I carry the risk that you know, at some point before 4 Pm today, Amazon comes out with really good news.

I don't know and all of a sudden rips up to 32 300. seems unlikely, but is it worth the 20 bucks in this case? I'm gonna say no Now, Uh, you could. Probably I could probably negotiate a better commission with Td Ameritrade, but in any case, I'm just going to take the money off the table on that one. All right.

So putting it at a one cent, um, debit and that'll cover. So now let's go down to Etsy. This one. Uh, I was.

I was long. uh, these puts as part of a hedge and then I didn't close it out because I knew they would expire worthless and it wasn't even really worth the commission to close them. But you know we can look at this for one second. So if I close this here, well, I'm selling it at zero.

There's probably not even a bid on it, so I'm just going to leave that one alone. So next one down is Netflix. So on Netflix earlier this week when it was squeezing up, I said to myself, you know I don't think Netflix is going to come back down to Um. 465.

I think it's going to hold support at that level. So I'm going to sell the 465 puts And I sold five contracts at a dollar and 70 cents And they're at 20 cents right now so I'm up almost 800 bucks on that. Not bad. Um, and the goal here would be to let this go down to zero.

The only risk is that, well, what if the market really does roll over, you know, 4c? I mean it would have to really tank to come back down to 465.. So on this one, you know. I don't know that I want to set a stop because of what happened to me yesterday setting my stop on Etsy. Um, but what I would want to do is I would want to say you know what, I'll just set a stop on this at uh, you know, 30 cents.

So if it comes up to 30, it'll stop me out and at least I'll have profit. But I did that yesterday and I got stopped out for a massive loss on Etsy. because you know how market making market makers can kind of abuse stop orders and I think that's what ended up happening. So I'm going to leave that for now on Netflix now on Tesla.

This one is a little trickier because I sold the 1800 calls yesterday and my thought there was that look, 1800 is all-time highs This I don't think it's going to all-time highs tomorrow, but in fact, it did gap up overnight. But that's okay because it's still worth less even though it's actually higher than today. Why is that because of the value of time decay? So time decay has decayed? The value of this option contract, but um, the credit was very small. The difference between 18 and 33 is only uh, 10 15 cents.

And as you can see, 15 cents the difference between 57 and 68 is is 10 cents 7 cents. So I really don't have a lot of profit on this one. yet the value is actually holding up better than I would like. I don't think that it's going to go to 1800 by the end of the day today.

that would first require a break through the 1679 pivot, which by itself would be impressive and then all the way up to 1800. So I think that this will probably be fine. it'll probably expire worthless. and you know, like the Amazon trade which right now is not executing.

Um, the fill. It should be able to come back down. And and I could put an order on this as a profit target. Uh, create a closing order at, you know.

So that's an 11 debit and I got in for 15 cents. So I'm only up a teeny bit right now. But I could put the order at like three cents or something like that. and it's possible that as we get, um, a little bit closer to the afternoon and time decay starts to pick up a little bit more, that this will just decrease more and more in value.

So I'm okay with holding these ones right now. and I'm fine with Netflix as well. I really think that these are fine. that's at 16 cents.

so this is 800. In swing trading profit, you don't have to be fast, you don't have to be even. Really, I mean, you have to understand options and I'll be teaching that next week. Um, but it requires.

On the one hand, the barrier to entry is a little higher because of the knowledge to be able to understand options, so I'll accept and agree with that. But on the other hand, it doesn't require the use of level 2. It doesn't require the use of hotkeys. options.

trades do settle overnight, so you could trade almost all of the trades this week except for the Netflix trade. Could have been with a small account. Netflix required more buying power, but if you had a larger account like a retirement account, selling covered calls and cash, secured puts can be a great way to generate some sort of passive income from it. So I do think that there's opportunity here for beginner traders.

Even though options are a little more advanced, I think there's a way to trade them that can be very straightforward and it allows you to do things you wouldn't be able to do with stock. You can't take a stock trade where you say as long as Tesla doesn't go above 1800 by the end of the week, I'm gonna make money because as soon as you take a trade, you know you're buying at the current price, but with options, you can take that type of trade. So anyways, we'll get into that more next week and I'll I'll wrap up the recap here and then for pro students we're going to continue on with um the Q A session. All right.

So uh, everyone watching the recap. I hope you guys have enjoyed this um and I will see you guys. Uh, first thing next week. I might come on at some point over the weekend and do like a Facebook Youtube live or something like that.

Uh, if you're not already subscribed to the channel, make sure you please hit that subscribe button. We're working our way towards 750 000 subscribers and I'm hoping that you get there before the end of the year. All right, So enjoy the weekend and Warrior Pro suits. Let's continue on with our Qa session and That right.

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