All right everyone. so here we are. End of: January Overall, it's been a pretty great month, finishing up about $55,000 but today's gonna be my second read. Day of the month down 1,300 so you know.

Made 10,000 yesterday, down 1,300 today. All things considered, it's not a big deal I'm still certainly green on the weak green over the last few days, but today I got caught in a couple false breakouts I had to false breakouts and then won a decent winner. A $1300 winner. So I went from down 2600 to down 1,300 One of the things I try to tell myself when I'm in the red I don't try to get myself all the way out of the red I just try to maybe cut the loss in half, maybe reduce it a little bit and that keeps me from, you know, trying to revenge, trade and swing to get all the way out of the red when normally when you do that, you're gonna go further into the red.

so you know small little trade here that trades that I made $1300 on, you know I could have been more aggressive, but knowing I was already you know pretty deep in the red I was like wow, You know what? I'll try I'll take a trade on it if it gets me a little less red. that's great and then maybe I'll have another train another one and those will get you back. Maybe to break-even but it's not gonna be all in one. it's gonna be a couple of small little scalps back up to break-even and today really only had one.

more trade wasn't enough to get me back to break-even So I'm gonna walk away. throw in the towel down 1,300 bucks, but not gonna sweat it. Be back at first thing tomorrow. Guess what? New Month New goals: $40,000 That's the goal for the month of February same goal for the month of January and I beat it 55,000 bucks so extra 15 grand in my pocket.

Feel good about that? As usual, any questions, any comments, leave and pull out and give me a shout out of what you traded today, what you made money on, and what you struggle with. All Right See you guys first thing tomorrow morning. All right everyone. So we're gonna do a midday market recap here.

It's a little after 11:00 and it's not really feeling it today. We're not seeing a lot of momentum. You know? Yesterday was such an awesome day. It made a little over ten thousand seven hundred dollars today.

you know, just not feeling it down 1,300 bucks. I Don't mind giving back a little bit of profit after such a great day yesterday and you know it's one of those things you know, keeping losses small relatively speaking and live to trade another day. You know, maybe tomorrow we'll see something really hot. Today was kind of frustrating and the two setups that I took were both false breakouts the the first two trades.

So this morning I actually had no watch list I really didn't see anything on the Gap scanner that looked good which is okay I mean yesterday SXT see that I made $11,000 on that one was not on the watch list. So sometimes we end up having great days and they're not based on the watch list. they're based on something that hits one of these scanners back here. But today, this Gap scanner was just dead for me.

You know. Bigger flow, bigger flow, more expensive, more expensive, too cheap, bigger flow, too cheap. You know this one I was watching but didn't do anything. this is a gold company.

bigger float so you know basically there was nothing that looked good and I kind of thought some people would be watching SX TC but I felt like it was too risky and and on this one I I was wrong. I mean it went from six dollars all the way up to eight bucks. Today it's a $2.00 you know, per share move. But the way I looked at it was yesterday on the daily chart, it really didn't hold its gains all that well.

It came all the way back to basically the midpoint of $6 and continuation setups are good. Typically when they hold around the 7080 percent mark and then they can pretty easily curl and break the previous day's high and then have second day continuation. And of course, this one still have room on the daily chart back up towards 14. But the fact that it opened or closed at 6:00 and was opening around 6:00 it just made me feel like you know this wasn't gonna really.

it didn't have a good chance at hitting 847 and that most likely any pops would be pretty heavily shorted by traders just thinking it's gonna be a short term pop and that's gonna roll over so you know Right out of the gates it squeezes from 585 90 up to 644 and then up to 686 92 and then it pulls back right here you know And this one was kind of I was looking at and I was like man, you know I really did move more than I thought it would. Maybe I should have been a little more aggressive on it, but you know I sat on the sidelines and you know it's the way it goes. So on this one I sat on the sidelines and I'm watching it on the 1-minute chart right here and at this point the volume was maybe like 300,000 shares. It was a little on the light side I saw this pullback and you can see this is a bull flag.

This is a flag pattern. The first camel making new high was over 670 so I'm watching it but I said to myself, you know what and at this point I it's 9:45 and I hadn't taken a single trade yet so I was thinking well you know this isn't looking good I need to take a trade I feel really really confident on I don't have a cushion yet and I look and I say the biggest volume candle of the day is red and that's a warning sign that's often indicator that if you do get a breakout it's gonna be a false breakout or it's gonna be a double top right here. And now that ended up not really being the case despite this red candle it went anyways and so I had an order ready right here and this candle broke at 954. Now at that time as of 9:50 for the high of this 5-minute candle was 666.

so I had put in an order s XTC I put in the order and typed it for six sixty or six seventy I was watching it I was thinking about anticipating it right here but I wanted to wait for that five minute Campbell to close because then we would have one one, two three candles of pullback which I thought would look a lot safer help kind of get a little more space from that red candle and then I would be buying right here but it ended up breaking at 9:54 about twenty seconds before that five-minute Campbell closed and so instead of the trigger being 66 with a possible entry at 70, the trigger was the high of this candle which was 70. you know possible entry 70 to 75 and at that point I was just like oh man it's kind of. It's a little premature and it pops right up to 7-eleven 40 cents. you know 40 cent break out.

there 30 cent break out so there I felt a little bit of FOMO I watched it do this little one-minute pullback I considered it but I was like I just still don't know. the volume is not that great and on this in this case here this little one minute pullback, it worked. maybe if you scalped it, but it wasn't the most well defined. came up to 18, pulled back, came back up.

Boom There it opens up and you can see squeezes up to a high of 785. So now at this point let's see So this was right here. we have a high of 785 and when I took this tray that actually I was actually already read by 600 bucks on Mbot. I'll show you that one in a second.

but so I got an M bought whatever SS s XTC I took my starter at 68 and added it. that doesn't is that right? Okay um what time was this? Yeah I guess that's right. the high of this candle was 66. All right.

So the first one minute camel making new high of 66 I bought it at 68 and 70 and my target was a retest a high a day 85 and that we would through hi a day and go rate to $8 So six thousand shares. target was eight dollars and you can see it does a false breakout. it hits only seventy seven and then reverses as it breaks this level here. I had to stop out.

The low of this pullback was was actually 738 and I stopped out As you can see at 7:38 and 733 I got some slippage and so on that trade I lost like two thousand dollars you know which? Such a bummer. Um you know. and so anyways I stopped out of it. it's going sideways.

This is the five-minute charts going sideways I'm watching it here for the first five minute Campbell to make a new high and I was like now I I mean I really still don't fully trust this one. I'm gonna let it pull back and now it's starting to form what I would call the ABCD setup. So you've got the pullback, the pop a little pullback and then usually we break here so ABC and then D is this leg up. So the high of this little pivot was 760.

so we go here. We go here, we go here and you can see how there it starts to pop up. So I got in this back in a 761 and added at 73 and 77. I sold half at 87, a little more at 90 because I was expecting an immediate break over 85 and an immediate break of $8 but we didn't get that hidden only 95.

So I started taking a little profit there and then I added back at 85 and 88 right here I thought it was gonna do this one-minute pike for micro pullback and break over 8. It didn't So I'm in with 6000 shares there and I stopped out basically breakeven for most of that. I took a small loss on some of them so you know total of seven hundred $19 in the red on SXT see I made back a little I took a loss, made back more than half of it which was good, but it wasn't able to get over eight I guess I kind of at that point thought well geez, you know what, this thing is strong. If they can get over eight, then next thing you know, 847, who knows, maybe this will really open up.

but anyway, now it's below the view app. the volume weighted average price. It's fading a bit more and I'm not gonna stick around and wait for it. so whatever, only you know what I mean.

really realistically I made $11,000 on the stock yesterday I gave it a couple stabs today I lost 70 bucks. it's not a big deal I'm a little disappointed I would rather be green I was a little more conservative on it you know at the very beginning of the day and then when it was finally proving that it was strong I was like okay. I'll I guess I'll give it a stab and then of course you know I'm the guy who loses money on it. so whatever, it's up 14% I'm red on it, but manage the risk relatively well I didn't go with 14 15,000 share positions I managed my risk those you guys watching on Facebook and give me a shout out of what stocks you guys were trading today and I'll come back and look at those in the comments.

So anyways, that's SXT see and buy a quick $600 loss on that one. Again, not a huge loss, but on this one this was actually a decent five-minute setup I mean it wasn't It really wasn't that bad. It squeezed up here from 8:40 all the way up to 9:40 pulling back first five-minute camel to make a new high was my entry. So I'm ended at 929 that only three thousand shares I went small on this one.

Two orders here at 20 and 21 I Checked earlier to see if SS s XTC was short able I didn't think it would be, but yeah it wasn't so that was rejected. But anyways, 1,500 shares then doubled to 3000. stopped out at 9. You know this is a false breakout.

It popped up to a high of 9:30 and then came right back down. So you know kind of a bummer to have to false breakouts kind of for me. Back to back. first this one on M bot, then the one on s XTC You know, but that's okay, it's it's It's not the end of the world and it's good for me not to be too compulsive about being green because that can make it so.

I'm not as aggressive as I should be, so you know it's it's okay to step up to the plate and take a little bit of risk knowing that. You know when it works. you know you get the big win. the you know, yesterday hitting you know, a ten thousand, seven hundred, seventy one dollar a day.

That was awesome, you know. But here we go this week: I've got two red days. so down thirteen hundred today. one point three thousand, one point three K and I put in my book here it's a twenty first day of the year.

I'm not on a consecutive day hot streak right now. I'm not really gonna think about at all I'm just gonna, kind of, you know, flip the calendar and it's gonna be it's gonna be February Let me just give you my totals on the month of course. As always, I'll post my broker statements on the website at the end of. well, probably it's the first week of the next month once.

I know exactly where I stand. So Thursday let's see - 1304 Alright, so looks like I'm gonna finish this month right around right around $55,000 you know? Plus or minus I'll I'll get the statements and total it out about half of that is gonna be in the IRA account and the other half has been in my main account which is good so you know, trading in both accounts, getting some gains there tax-free but I can't spend it till I'm 60 years old and then getting some gains here that I can you know spend whenever I want so that's good. It's been a pretty overall pretty solid month. Fifty-five thousand.

Hey, the goal was Forty Forty grand. So I'm above goal and that's good. Month of: February Goal: Forty grand. Ten thousand a month.

Ten thousand a week. There may be some weeks that are a little ahead, some weeks that are a little behind. That's okay. not gonna sweat it.

You know this month I made up some ground here in the last. Well, especially with that $10,000 day yesterday and an eighty six hundred dollar day on Friday Those definitely. you know that's eighteen thousand dollars in two days. And what's interesting is you know I'm looking at this calendar Friday maybe eighty six hundred I made only 400 bucks Tuesday I lost 3 grand Wednesday I made 10,000 today I'm down 1,300 So the last 5 days I've had two awesome days and 3 days that were kind of blah you know, either red or slightly green and not super super exciting.

And by yeah as I talked about it, it goes goes back up. It looks like where is this? Let's see. So yeah this? So this was a flag pattern here. if it broke below the view app.

as you can see, it was below the view app. Here it got back above it, reclaimed it, consolidation and then squeezes through high of day. It's not. It doesn't have news, It's not a perfect daily chart.

It is a former runner but already had the first daily candle to make a new high after this big move. This is the type of thing that you know I'd look for an S XTC again I Don't know that we're really gonna see that today, but ya know this was a good good setup on em Bought any of you guys who did trade it. Alright so anyways, um so let me close this down. All right, let me just get a screenshot of my P&L I Gotta post it and save that image.

Okay so I guess screenshot here. Alright, so $1,300 in the red transparency. It's important. So I show you the winners and the losers.

The winners are more fun to talk about. but I know you guys can learn. you know, maybe even more from the losing trade. so it's important to cover those as well.

So let's see 130 119 daily gains. All right. So that's saved. Cool! So now I'm gonna log out of this real quick.

Let's see, let me just hang on to one thing real quick. I Just want to make sure. Load Layout: I just made a little change on this layout and called January Okay all right and now I'm gonna log into the Sim Alright so as I told you guys moving our students onto a new trading simulator during the month of February which is exciting So you guys who have been really patient over the last couple weeks and months knowing that this was coming thank you! This is something that you I'm sure been looking forward to. So what we're doing is all new students who join us in February Whether you join the the Warrior Start or the Warrior Pro or you just purchase the simulator on the website, you're gonna go automatically into the new trading sim all new students that'll be I believe as of the end of day tomorrow so officially probably as of February 2nd.

So you'll go into the new trading Sim and all of our existing students. We're gonna be migrating you over to this new trading Sim starting first with Inner Circle students, then with Warrior Pro one year students, Warrior Pro Payment plans, students or your starter students. you know, right down the line. So you know with this Sim you're gonna be able to literally be trading on the same exact software that I use every single day with real money at Lightspeed So if you can prove you could be profitable on this platform, you know the difference between trading real money and Sim.

Literally the only difference is your trades are going to the exchange instead of going to our little virtual simulator exchange. You know I mean if you gets the pressing the buttons, everything is exactly the same. Alright so yeah. so the reason we're not moving all of the existing students first is because the easiest thing for us to do is flip the switch so all new customers go on to this Sim.

We don't want to keep adding new customers to the old one so the easiest thing to do is just put the new everyone that's new. They're gonna go right into this now once we have. You know, whatever that first those first students are going in at that same time. We're going to move our first group of existing students over to this so we'll be prioritizing based on you know your membership.

So inner-circle students are first and yeah it's that's that's the order thing. Some of you guys have already been piloting this. those you who volunteered but Inner Circle first and then Warrior Pro annual and down the line until we get everyone moved over. The goal is to have everyone moved over by the end of the month.

Alright so yeah so all new students as of I think it'll be officially February 2nd. So I can you know whatever in this Sq Shift one I'm in shift two I'm in I'm in I'm in I'm in. That's how fast you you guys will be able to trade. These are the same hotkeys that I used.

real money. You can see how quickly you can be making or losing money. That's pretty fast right? Those you guys who've been wanting to trade fast, you'll be able to trade really fast so that'll be a lot of fun. So you know SXT see something like that? You see it popping up, you know you want to jump in at seven, take some profit, put an order you know on the ass, try to sell some into strength.

you can do all of that. trade it just the way. same same as I'm trading it, then pretty much so proof you can be profitable in the Sim and then all you got to do is you'll have with whichever broker you use you'll have like with Lightspeed I have two versions of the software I have one that's a Sim and then I have another one that's my Lightspeed version. So if you use Cmeg, you'll have one version that's the Sim so you'll open that when you want to trade in the Sim and then you'll have the other version.

that's the Cmeg which is real money but beyond you know that they're the same. The things that you have to change would be when you go into your hotkeys you'd have to make sure your you know account number is correct and that your destination is correct Because different. You know different brokers will have different. Ec ends and things like that, but otherwise everything is the same and you can change your hotkeys you.

I'm using shift 1. Maybe you want to use F1 and use F1. Whatever you want, you can make this however you like it and then you can just save your layout and use that same layout for both real money and Sim. All right.

So you know you can see the charts here. these are I would say an improvement over you know what? what most of you guys have right now I Want to work with Sterling to try to get these charts even better. So some of you guys will probably still using use TC 2000 or Ease signal for your charting and that's okay. but yeah, so you know you can see they're they're they're good.

I don't know if they're exactly everything that I would want them to be, but we'll work on that once we get everyone on here. All right. So yeah. so anyways, those are closed out.

Alright, so that's it. I'm going to close that down I'm gonna switch gears I've got a couple things that I need to get done here today so I will be getting some work done and I'll be back at it first thing tomorrow morning. We'll try to finish up the week strong end of the week Friday Also the first day of the new month. not a data swing for the fences Nah.

Dave Tried to hit a home run just a day. Try to be green. make a little money, go into the weekend feeling good. Alright, so that's it for me.

I'll see you guys back at it first thing tomorrow morning. Bye everyone! if you're still watching, you must have really enjoyed that video. So why not subscribe and get email alerts any time? I upload new content. Remember when you subscribe, you become a member of the Warrior Trading family.