What's up you guys? Alright, well here we are locking up another. Green Day the market is just I Mean it's crazy right now. it's so hot. This is the I think the hottest market that I've really ever seen.

and even as I say that there were times back in 2014 15 and 17 where the market was really hot. Other, we have the shipping sector kind of craze for a while that we had all the cryptocurrency Bitcoin related stocks in 2017 going into 18 and maybe maybe those times were just as high as now. but I wasn't as good of a trader then and I wasn't able to capitalize on those opportunities in the same way that I can now. and I would say even in the last six months I'm a better trader and that's been a big part of because of the lessons I learned from the 35% market drop about buying dips and buying off support which I previously really wasn't comfortable doing so.

A little bit of an evolution. my strategy there to do that, which has generally been a good change. A good new strategy to add into a tool belt. So in any case, today leading Gabor's Wafu Hht, both China stocks both gapping up over a hundred percent, Hht had like five million shares of all you pre market, wafu had over five million shares of volume, pre market actually had a pre market high of 15 45 and at one point was a 400 almost 500 percent gap which is crazy.

Now out of the gates it sold off and I was a little timid on it at first. I trained with small size because I didn't see a clear catalyst. One of the things we're talking about right now during summer school for Warrior Pro students is the importance of finding out what the catalyst is, what's driving the stock higher and when there isn't a clear headline, it always makes me feel just a little bit nervous. Again, you know this still ended up being a really high volume easy stock to trade.

relatively speaking, day trading is not easy, but as far as as far as that goes it was. It had some really nice setups which was good, but yeah the lack of news made me a little nervous so I was cautious. at first it sold off and by about 10:00 a.m. I was up around ten to twelve thousand dollars.

and then we had the break of e weapon. It broke the you app and ripped from 12 who actually bounced from nine to ten eleven twelve Thirty six. That was breakout spot and then up to thirteen fourteen back up to the pre market high of Fifteen fifty. Amazing! So that was where I stepped up to the plate.

That was where I made the money and I'm walking away to a fifty eight thousand dollars of gross profit. So mark it's hot and I was a little cautious coming in this morning and even at 10 a.m. I was only up ten eleven thousand. So I was kind of like Mountain today's a day, just ease off the throttle.

when I said the oh my. only hope of having a big day at this point is if Wafu breaks me. Well, it broke me back so that gave me my trip tomorrow. I might not be so fortunate tomorrow I might end up.

you know, being stuck with smaller profits and everything that gaps up aids we don't have any break of bwak and we don't have any good opportunities. and if that's the case, I give it ease off the throttle. So it's been raining outside today I Don't know if you guys can really see super well through the screen, but it's been raining outside today and you know I kind of think about like, you know, if you're like a racecar driver and you're trying to set like record lap times and back-to-back record lap times you're training, you're trying to get really, you know, really sharp for the race or whatever. You can't expect that on a rainy day you're gonna set a record lap time.

It's not gonna happen right? So we're trading. you know I'm kind of I'm having a record month right now so there's a part of me that wants to really you know, see how good I can be if you know I really just let myself like be aggressive. but you know if we have a day where markets slow, we don't have good gaffers over everything's fading I can't go peddle the metal cause if I do I'm gonna wipe out and I have a big red day and it's not uncommon for me to have a hot streak that then ends with a big red day. So that's what.

I'm kind of like getting a little anxious about everyday when I sit down I'm like is this the day that I'm gonna get caught in a big drop and I had a couple close calls yesterday, a couple close calls today which will break down in the recap I I got through. So anyway so I hope you guys enjoy the recap questions. Comments: leave them right down below. make sure you hit the subscribe button, a thumbs up button and I will see you guys tomorrow! Friday As we finish up the week with one more live watchlist and hopefully a couple more great trades.

All right! See you guys in the morning! What's up you guys? Alright, so we're gonna do our recap today. Go over the trades from this morning: Traded three stocks, three Chinese companies and I'm up fifty eight thousand, nine hundred, seventy nine dollars, and eighty eight cents when we look at my P&L once I import these trades tomorrow, we can actually look at the intraday equity curve so you'd be able to see as my profits increased as the day goes on. So for instance, I'll just put this up here so you guys can see. So this was this was yesterday's was this yesterday? It was the day before I can remember.

But in any case, and this was the equity curve. Yeah, and this is from yesterday. So I actually started red on the day pre market and then made some money. As you can see here, a little pull back, a little more profit, a little more profit, a bit of profit there, more profit, little pullback, a bigger pullback and then came back up and actually never got back to my high of day.

I Closed I Guess it? whatever. this was 132 and I was up closer to 140 for a second. Today started a little different from that. My first trade I didn't trade any, take any trade to pre market.

so we had our watch list this morning which was Wafu and Hht. These were the two that were gapping up the most. So if we go back to a historical date and time I can run this for 9:25 a.m. So a 9:25 a.m.

Wafu Wafu was up three hundred and eighty-two percent on 5.3 million shares of volume. Hht was up a hundred and sixteen percent on five point Nine million shares of falling. Right now, Wakfu has 38 million and Hht has 36 million. So these are these are both very thickly traded.

Easy for me, relatively speaking. to get in and out with four or five six thousand shares. Not a problem, which is great. I mean ultimately that means you can make more on them.

So the first trade right out of the gates this morning I was a little cautious because I was kind like I'm not sure which of these two are going to be stronger I The thing with Wafu was that you can see this very clear lack of a news catalyst and you know I was just kind of I was a little unsure about that. you know I said hey, does anyone else see news? no one else saw news? it's a Chinese stock they have, they do I guess online educational stuff and obviously with schools being closed, everything else these companies have been doing well, but you know to be up 400% pre market with 5 million almost 4 million shares of volume or whatever it was without an actual news headline feels risky. So I was a little nervous on that. The pre market high was 15 45 right here and that is actually now a very well-respected level of resistance.

which is you know I guess not surprising the pullback kind of double bottom down here at around 7 as it dipped in this area and so out of the gates. My first trade on it was along for the break over $11 so kind of right out of the gates I saw some green on time and sales started to pop up and it popped up to 1141. I took 2,000 shares and I sold at 11:18 and I didn't even look at my profit loss but I was like all right well 2,000 shares, you know that's a couple couple under bucks. it's nothing super exciting and then right away started dip.

So I was like all right, you know what I'm just gonna leave that one alone for the time being. So I I left that one alone and I'm just going to duplicate this. let's duplicate page and the other one I'll set up to H HT which I only took one trade on so probably don't even really need to duplicate it. but I just want to lose my place on wathah.

So h HT was gapping up as well. The pre market high on that one was actually a dollar 65, but it is a cheaper stock so I wasn't you know? I was kind of like I liked the idea of it but being the cheaper I'm not sure that we're gonna see good follow-through I don't know if it's really gonna be something I'm gonna want to trade. you know? let's just see typically I don't trade stocks under $1 This one was at about dollar five and then I got in at a dollar 20, 23 or 24. So right out of the gates I had said this is a pre market pivot because it squeezed up to a high of 65 and then pulled back, tapped a dollar 24 and then dropped.

so I thought if it breaks dollar 24 then we might have a shot at seeing a move up towards the half dollar. So I jumped into it right out of the gate with 15,000 shares which I think was totally fine. very thickly traded, no problem getting in, no slippage. so in with 15,000 shares at 23 or for added another I think 2,000 shares for the break of 30 and it halted going up at 34.

So I had 17,000 shares I think that was the biggest position that I had today. It ended up opening and squeezing up to like 42 and then dropping back down I hit the bid and sold and locked up. Fifteen hundred dollars of profit. so not a homerun, but that's fine that was actually that actually was nice.

A bigger trade than Wafu in terms of you know, the first or second trades, helping me build a cushion. So then if we switch back to Wafu and I'll just close that page. So back to Wafu, it sells off here and I actually took a dip trade long a thousand shares at eight dollars and eighty-eight cents and added at 890. so that was 2,000 shares long.

right on this false break basically of nine dollars. So I bought that dip I thought Nine Dollars psychological level that we would see some support there. So I bought that dip and it popped up. As you can see here too from a nine up to 950 and then a little bit higher.

So I took about made almost $1000 on that trade with 2,000 shares and then I start increasing my share size to 1,500 shares from 1000. so you can see right here this says 1500. so I started increasing my size after I started to feel like I was like getting a little bit of a profit cushion but realistically I didn't have I was only up a couple thousand dollars on the day so if we actually let's see where's a I had one trade that I took which was kind of a interesting one trying to remember where it was. so I think it was when I got along for the break of 12 so let me let me just look yeah it was right here so I got long once it broke the view app I was thinking okay this might squeeze from like right here, back up through 12 39 that pre-market pivot and then I move up towards 15.

so as it started to squeeze up here I took a couple trades in this area for the break of the V web again buying high, selling quickly, taking some profit off the table, then getting back in high tight. stop taking a little more profit off and I ended up adding six thousand shares up here at 12 in this candle it flushed this Campbell right here down to ten dollars and I was down twelve thousand bucks and I was like oh my, I'm right, twelve thousand dollars on this thing and at that point I was only up about four thousand on the day, five maybe five thousand I was I was up on the day, but not by a lot and so that trade basically in that moment put me red on the day and I was like, all right I Yesterday was a big day, day before was a big day I need to be really careful, it pops back up and I get out for probably a three or four thousand dollar loss. All right. So I'm I'm green on the day, but not not by not by a lot.

Consolidation through here: I did some dip trades off the V web, selling into this, squeezed up back towards twelve. we got a nice move back up to twelve. Whatever. this was twelve thirty, but again, another drop off of the lows.

I was doing dip trades, selling into the Pops buying dips, selling him to the Pops quick trades there. and then it kind of just kept going lower and lower and I kept buying dip trades and trying to catch a little bit off the bottom. and then right here is where things start to turn around. This was a Bear Flag at the low and I actually wanted to buy down if it broke and debt tapped seven dollars, but it didn't bounce off seven.

so it ended up coming up and as it broke eight I thought you know what? I'm just gonna take a starter here at dollars so this was what time. this was like ten little past ten. So at this point I think I was up maybe eleven thousand dollars on the day I was like alright, you know it's a it's a good day all things considered. but relative to the last few days, this isn't that great of a day.

and I said my best chance of this turning into a really big day is if this breaks the V web. but down here I was like I don't know that it looks good. it's really sold off quite a bit. It went from 12 down to almost seven dollars.

so I didn't really think it was gonna come back to the V web. but I did take the bounce over eight. popped up to 9. 1 minute pullback right here.

back over 9. popped up to 940. one minute pullback right here. back long at 9:40 and it rips up to 10.

one minute pullback right here and it rips up to 12 and gets halted. Pretty incredible. It opens low. actually it opens just a little low.

I bought a dip on this. It rips up right here and I was taking profit as squeezed up to 15. So by right here I was up 35,000 on the day. This right in this area was where I made about 25 grand.

It was fantastic trade. Now it's pulling back, pulling back and where do I go long I actually bought a dip off of 13 and then added at 1450 for this ABCD setup. We had a false breakout right here. it dropped back down and then came back up and then ripped through.

As you can see right here hit a high of 1539 and I made some profit in this area buying these dips and selling up here. but then I added a 15 I think it was 15 dollars and 18 cents or something like that. Anticipating the break over 1550, it flushes down. I added on the dip off of 12, it bounces up for a second or I move off of 13.

it bounces up for a second then goes lower I Cut the loss lost. probably $6,000 on that trade and then it halts going down as it resumed. I got long down here and caught a little bounce on it and made back a little bit. but I am closing today a little off my highs because I added right in here for what I thought was gonna be the breakthrough 1550 I suppose I mean you know again, this was a high-risk trade.

We know day trading is risky in general. This is a nice technical setup. It's a break of the you app. It was on high volume if everything looked good here except the fact that we didn't have a clear catalyst, that was the biggest problem.

So you know we've We've seen some momentum in China stocks today. F F HL also popped up Hht obviously W a fu wafu and yesterday we had duo. The day before we had duo. So we've had a couple of hot stocks in the China sector and that's been the sector that's been.

You know, kind of giving us some good opportunities right now, but it always feels risky to be trading something with no news because you know that presumably short sellers are going to be more confident then long traders are going to be a little timid and that can create weakness. And so it's not totally surprising that we saw a couple of big drops this one here, and also this kind of sharp drop here and up here. Smart short sellers probably taking short positions near the highs thinking you know it's got no business being up this high, it's gonna go lower and you know you're right in this case. But of course, other times we've seen stocks ripped through 15 and then off they go to 16, 17, 18, 19 and it doesn't make sense.

The market is not always logical, the market can be irrationally strong no question about, and irrationally weak. and if you just sit there frustrated and frustrated, holding and holding and holding thinking this is gonna reverse I mean you know you could be a trader that's holding something that God forbid ends up doing something insane like going from 10 to 60 bucks. You know you can't. You can't be stubborn with trading.

You've got to really accept defeat when when you are wrong and so you know I I Did have a couple losses today that I cut pretty quickly which is good I had the one was bad but I managed to I managed to avoid that being a really bad loss. So kind of a slow start to the day. not know pre market trades. not a lot of profit in the first 15 minutes.

but this break of you app is where I made the Volcom of my money today. So if I hadn't traded that right there I probably would have only been up about 11 or 12,000 on the day. So this goes to show that staying a little later than usual past 10:30 right now is paying off in this market. You know we'll have periods.

We're sitting here till 11:00 is just gonna be a waste to your time. You might as well, just you know, leave early. But right now we're definitely seeing some opportunities and I wouldn't say that Wafu is done for the day. I Think that they're certainly probably going to be dip opportunities.

There's maybe a double bottom that'll be down here, but at the same time with no news once, Momentum traders kind of give up on it and say oh, this is an ugly chart I don't trust it anymore because of a couple of false breakouts that was really gonna be in the hands of the bears and the short sellers. So I would be really careful. You know you never want to look at this and say oh, I'm stuck in the trade you know I'm in here at whatever 13 because I tried to do a dip and I didn't cut it I'm stuck. You're never stuck.

You can always cut your loss and with these types of stocks, most of them, you know they're not. They're not companies that I'm gonna expect are gonna go up to 50 60, 70 dollars and start paying out dividends and be a really strong company. Their their short-term opportunities and we capitalized on those, but these aren't things I want to be holding long-term by any means. so I want to take the profit and then I want to walk away and try not to overstay my welcome today I overstayed my welcome a little bit I gave back a little profit trying to, you know, catch that break of 1550 didn't work today? Maybe another day wouldn't Maybe if this had a catalyst it would have.

But and maybe even without the catalyst on another day, it might have gone. but today wasn't the day. Again, you know it's only 11 a.m. so who knows where it'll be.

By the end of the day it could be at 18 or it could be back at 4 bucks. I mean I you could sit. You could easily see either one happening. We don't have a crystal ball, we don't know what's gonna happen I don't you know when I sit down each morning? I I look at deleted gaffers.

That's what I do pretty much every day look at the top five leading GAAP errs and I see how much are they up? What's the percentage change? Do they have news? and in this case there was no news which gave me a little bit to be cautious and I was initially on my first couple trades but once it started to open up I stepped up the risk a little bit more. So we did get some nice trades on it and good job For those you guys that did lock up some profit and this right now is I mean the month of June is the best month of my career. The market is crazy crazy hot, but be careful, don't get overconfident. You might be in a market right now where you can get away with being a little sloppy because stocks you know have ugly drops sometimes like in here down here and then still pop back up in another market.

If you do that, hold in hope you might just lose every single time. So this, unfortunately isn't a market that necessarily gives you the opportunity to exercise a lot of discipline because the market can reward you for being way too aggressive. and yesterday I was watching my live trading from the day and I was like oh my god I was being so aggressive. but it was the right day to be aggressive.

The market was hot so you know it's just again. you've got a you've got to kind of stay grounded and one of the things that I know about myself is that after a couple of really big green days it's really common for me to have a huge red day and you know if I had taken a trade on this and it all of a sudden halted. going down with 8,000 shares and you know gapped down two points. I could have been looking at a 16 $20,000 loss and so I tried this morning to be really mindful of your starting the day from zero put yesterday behind you trade today the best you can and I started conservatively I started with small size a thousand shares.

that was my first trade, 1000 shares added to 2000 and so you know with initial risk today of maybe three hundred four hundred dollars I have now worked my way up to here but you know again. I will also say that I've been trading for almost 10 years and this hot streak that we're having right now I would say is I in my memory I feel like this is the hottest I've ever seen a small cap market during 2017 early 2018 when no currency was really really strong I was also the market was really really hot, but I wasn't capitalizing on it nearly as well as I am. Now this is three plus years later and I'm a better trader than I was then. So you know this is not only a really hot market, but now I'm in a place where I couldn't really trade it super well.

So I think one of the things to kind of keep yourself optimistic about when you're learning is to try to keep building your skill not necessarily expecting gonna do you know as well as I am right now in this market, but that the next time we have a hot streak that you'll be able to really capitalize on it. You know better than you have this last one. and even for me, there have been opportunities where I could have traded some of these better. So it's not like my learning is is over.

I'm still learning and I'm still trying to be a better trader and you know a measured one measurement of a better trader is a more profitable trader. But you know another measure certainly would be things like your accuracy, your profit loss ratio, and my profit loss ratio from yesterday probably isn't great because I did have one twelve or thirteen thousand dollar loser. Or maybe it was fifteen, Whatever it was. but you know that one big lost office ugh ruins my profit loss ratio for the day.

So I still have some some work to do, but clearly the markets hot. There's a lot of people out there that are doing really well. Give yourself a pat on the back if your book and some profit. If you're not, go back and study the charts, study your trades, where you got it and where you got out and asked yourself, you know what could I have done differently? Alright, so that's it for me.

Summer School is going to start here in about ten minutes so Warrior Pro students will jump over the Summer school room and I will see you guys all first thing tomorrow morning. Back here for the watch list. That right, there was an entire video with no ads. I Don't monetize my youtube channel with video ads, which means you guys get to enjoy the content.

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