What's up everyone? Alright, so here we are: finishing the 18th consecutive green Day of January We are on a hot streak at the 13th day of the month, but this hot streak began in December 4755 dollars of profit Green is good I'm feeling really good about this little hot streak that we're on. You guys have been watching for a while. You've seen weeks where I'm averaging 800 1,500 a day and it's the best I can do I'm getting as much as I can out of the market, but there's just not enough volatility. and now here we are.

These last couple weeks we've been seeing lots of volatility. lots of opportunity. Today I took four trades, had four winners over 4700 that in the first 20 minutes of the day and from there I said that's it I'm walking away. Remember a trait of a consistently profitable trader is knowing when to walk away.

So I'm stepping back and enjoy the afternoon. Remember, it's a long weekend. markets are closed on twos on Monday so we back at it Tuesday morning. As always, any questions on the recap bleeding below I'll come back through the answer over the weekend and I look forward to see you guys the first thing on Tuesday morning.

See you guys later! All right everyone! So we're gonna do our midday market recap here. Go over the trades from this morning I'm gonna finish the morning up four thousand, seven hundred fifty, five dollars and Eleven cents in my IRA account. So this account is now getting actually I Guess today will be crossing over fifty thousand dollars. So start of the year with twenty nine thousand in the account.

up to fifty thousand now. next stop 75k and we'll just keep growing this account. it's You know it's really such a smart thing you can do for yourself if you can get yourself in a position where you can start actively trading in a retirement account because you know for this one, the way it's set up, the games are tax-free and then when I pull the profit out, it'll also be tax-free The only thing is that I can't take out any of these profits until I'm fifty nine and a half years old, which is kind of hard to fathom, but you know I'm you know, given myself a gift for retirement and I'm okay with that. So and I'm trading in my main account also I'm trading in both accounts.

So today I didn't trade in the main account. but this week I have taken a few trades. So I'm kind of getting profit on both sides. and you know in some ways I'm thinking to myself, if I can trade the same way I normally trade in two accounts, then I could be making double the profit.

But the reality is that these trades are so fast that I'm not able to actually trade in two accounts at the same time and get the exact same entry and same exit. So I'm not able to multiply my gains just times two. Sometimes I'm able to you know, switch back and forth. but I think in order to really in order to really do that I'd have to have you know some software that allowed me to actually execute into accounts but with one hockey.

but and I don't know that that's something that's even an option I don't know. But anyways, for right now, the first goal was just to get this account up towards fifty thousand dollars. because you know from this point forward, I'm starting to have enough buying power to pretty much trade. However I Want you know? I can be pretty aggressive if I want to buy 10,000 shares of the stock I can buy 10,000 shares of it I can't buy 15,000 and 15,000 has kind of been where I've been capping out on share size in the last few months.

So to be able to buy 15,000 shares of, you know, anything up to maybe I don't know, $8 you know I'm gonna need over a hundred grand in the account, but you know, days like this there it's adding up real quick. I'm already up. you know, getting close now to a hundred percent. I'm probably 75% in the account this year, just in the last well was today the 13th day of trading in 2019.

Been averaging about three thousand dollars a day so you know the market is hot. I'm sitting at about thirty seven thousand dollars of profit. This month, my goal was forty grand. That keeps me on track for the half million dollar Target.

But inevitably some months are gonna be well above that target and some ones are gonna be well below it. and the months that are well below it, you know? I Just have to remind myself that it's the up in the flow of the market and things will come back. They'll be days. You know? If you guys have been watching my recaps for a long time, you'll see days where I was only making a thousand or 1500 a day.

and then I'll get into this streak where I'm making four or five thousand dollars a day every single day. You know you do that. 10 15 days in a row. That's seventy five thousand dollars a profit.

You know, just from that little hot streak. So those hot streaks contributes so greatly to my annual end of your profits. It's you know, the biggest thing is managing risk during the inevitable slow periods though, cuz those slow patches will come. and if I keep swinging for the fence, I'm just gonna have strikeout after strikeout after strikeout.

So I got to be really quick to adjust my positioning and look at how fast that just dropped. Those are you watching? You know, down to 390 on the bid? You know, overstaying your welcome in in any market can get you into trouble. We've been in a market that's been a little more forgiving the last couple weeks and that's been nice. But you know I've got my thirty six hundred dollars a profit on BP th and you know that's the first one we'll go over today.

I'm happy with that. So this morning, same as any other day, those you guys who are new to the community and just kind of getting up to speed with what we do here every day I searched for a stock that I think has the potential to move twenty to thirty percent. So I start by looking at these scanners in the morning and these are showing me the top stocks that are up more than 5% Stocks that are out more than 5% generally have a reason to be up that much. Typically, there's some type of catalyst BP th was up showing at 2200 percent.

However, that's actually not true. It was up substantially or a good amount from yesterday, but it was mostly up because it did a reverse split. We talked about reverse splits during chapter 3 of the day trade course, but so I'm not gonna get into that really right now too much. but we see reverse splits all the time and that brings some excitement back into these names.

And it definitely did in this case. So the bell rang and I had a long bias on it I was watching it. possibly over $3 the bell rang and it squeezed right up to 350. you know I wasn't totally sure that it was gonna work I mean I thought it looks good but I wasn't I wasn't certain.

So I waited a little bit and I got in a little high at 347 and 350, adding it 372 and then selling on the move up towards $4 selling at 408, adding back on it that was SAE X adding back on it at 4:15 and selling on the move up to 440. So my two entries on this the right entry. the correct entry was 310. but I missed that entry and so what I did was I bought at the first half dollar and put my stop at 340.

So I'm in at 350, stop is 342 and stop. A lot of times when we break through those psychological areas of resistance, we get a nice little squeeze and a lot of times short sellers will put their stops at like 350 or 401 or something like that just on the other side of these whole dollars. So we got to squeeze there up to 370 375 as it's showing strength I went ahead and added thinking it's gonna go up at least to $4 It does and so I'm taking my profits up around there. That's the first trade.

It squeezed up to a high of 426, squeezes all the way to 440 and then starts to pull back right here on a 1-minute micro pull back and this candle was my second entry. I Got back in at 4:15 expecting the first one minute calum to make a new high will get us back up to 440. And it did. We popped to 440 and then we squeeze all the way up to 507.

I got my best exit of a hundred shares at 504. Kind of lucky that I got out that high I was out of most of it in the 40s because it kind of did a little tug of war and then it popped up over the half-dollar I Don't know if that was a market order or what happened, but a really nice move. So in the first four minutes, trading right in there I made three thousand, six hundred, forty-four dollars and eighty three cents I Did not overstay my welcome I Traded this stock during the time of day where it had peak volume. it had the most volume in the first five minutes than its had here.

you know, for the rest of the day. So I think I did the right thing there. followed the rules. there were a couple little opportunities in here and maybe in here, but not gonna overstay my welcome.

Gonna take the money, get out of the market and be back at it next week. so that's B P P B P Th next one was CADC This one was on watch for continuation from yesterday's move I Had higher hopes for it. When it started to pop up, you can see it went from 5 up to 550 560 I actually got in it right around 5, 37 and 38 and then sold at 54. Made five hundred eighty seven dollars and sold the rest as it came back down to 28 when this started to pop up.

CCC L was also starting to pop up and so what we were seeing were two Chinese stocks weezing up at the same time And what we've sometimes noticed in the past is this: China stock momentum see you've got CC CL CADC I don't know about these other ones if they were Chinese as well. see bat I'm not totally sure if that's Chinese or not Kim Let's see no, it doesn't look like it Junior G JC is though, so you know we were seeing a couple of these Chinese stocks getting some action and I thought CCC L was a little too cheap, wasn't sure about it and I was already watching CADC so I jumped in but it didn't hold those levels. ended up only making a little bit of money and then SAE X was on watch from yesterday as well. This one I liked for a break over five I got it at five it or 493 s it was squeezing up.

It hit a high of 519 but it also didn't really hold those levels. this one we were watching yesterday over 4:15 This was a good daily flag break setup right there. First candle-making new high was 415 and it hit 519. so a nice break out there.

but unfortunately I didn't really do all that well on it. But you know, in any case, four trades today, four winners. So back to 100% accuracy. You know, sitting at the 18th consecutive green day, this is a nice little hot streak in the last 18 days I'm not even sure exactly how much I've made, but you know it's been.

it's been a nice hot streak. I'm up at least 37,000 so far here in January. December was a pretty decent month, around 22,000 or something like that. It was a little below my goal, but got most of the profits in the last two weeks and you know at this point I'm just happy to be building a cushion in the IRA because the thing with this account is that you're restricted to how much money you can add each year.

So when I started my $583 challenge in January of 2017, I didn't have an IRA at the time I for whatever reason, well, I had had one when I was a little bit younger. my parents had helped me contribute to it or whatever. but I liquidated it to help set up my trading account when I was first getting started in like 2010. So I didn't have any IRA or any annuities or anything like that or 401k cuz I've never had a job at a place that offered one.

so in January 2017 I was like, okay, whatever. I'm just doing this regular thing with my main cash account and then at the end of the year I decided in 2018 that I would take some of the profits from that challenge and put it into an IRA account. And so I put in $5,500 which was the maximum contribution limit in 2017 and I put in another $5,500 in 2018. So eleven thousand dollars from eleven thousand I built it up to twenty three thousand dollars.

Last year, trading it really only a couple times a month I really wasn't very active in it I was pretty conservative I knew I couldn't add more money and I couldn't afford to fail. so I just only traded in it sparingly when I saw a quality set ups, you know? But I did double the account so that was good. and then January 1st 2019 I added six thousand dollars. They increased the max contribution limit for 2018 or 2019.

So I added another six thousand here. and yeah, so that was that was good. So happy with that and at this point I'm just gonna keep growing the account and I'm not looking back. So you know I'm thinking you know, goal is just to probably be primarily trading in this account here in 2019 and then maybe trading a little bit in the main account.

you know, seeing what I can do. So yeah, anyways, that's about it for me. A good way to finish the week here and I'll be back at it of course first thing on Tuesday morning the market is closed on Monday but I'll be back at it on Tuesday So I Hope you guys have a great weekend, get some rest, Does you guys in the classes? Make sure you study up and we back at it on Tuesday morning. All right, take it easy everyone, we'll see you guys later if you're still watching.

You must have really enjoyed that video. So why not subscribe and get email alerts anytime? I upload new content. Remember when you subscribe, you become a member of the Warrior Trading family.