What's up everyone? All right? So here we are: 12 consecutive green day. The green streak started before Christmas it's continuing here into early January but it is just finally picking up in the last two days with big green days. So the first 10 days of the green streak I was averaging about 1,500 a day, a couple days above that couple days below it and then yesterday I made nine thousand, twenty three hundred, finished up just about $6,500 which was great. Today actually went down 900 and then made back 6500.

So I'm finishing up right around 5500. so you know two days, $12,000 that is good. I can work with that couple more green days like this and I'm gonna put a real dent in my January goal which is $40,000 and you know it's kind of the beginning of you know, beginning of the year obviously and I have this this goal you know for the end of the year hitting at least half a million dollars and I really want to make some progress here because you know if I got a slow start, you know the further we get in the higher I need to average each day as of today with about 250 days in the year 200 to $2,000 a day average it'll get me there. but if I have a month you know, breakeven and I've got 20 less days then next thing you know it's like I need to be averaging 2500 a day and then 27 and then 3,000 and then 4,000 and then eventually it just.

it's unrealistically high and I'm gonna fall short on my goal. so this is the time to dig deep. Really focus, try to build that cushion cuz then once I have a cushion I can afford to take a little risk on some good quality setups and if a few of those pay off, Boom! I'm going to be up a quarter-million dollars before I know it. So guys, stay focused.

All right as usual. Any questions on today's recap? we'll leave them below and went back out first thing tomorrow. All right everyone. So we're gonna do our midday market recap here.

Go over the trades from this morning. The stock Market assassin is back, finishing the day up over $5,500 which is not bad. 6500 yesterday 5500 today. you know, twelve thirteen thousand dollars in two days.

That keeps the job away and that puts a big dent in my January profit target which is forty thousand dollars. Really need to be hitting forty thousand a month in order to get the half million dollar goal here for 2019. Finished last year with Four hundred, Ninety Nine thousand just below half a million and I really want to break that this year I Want to continue to have every year being better than the last. That's how it's been since my second year of trading.

and I want to keep that trend going so you know it's all about being here early in the year trying to build that cushion. One of the things that was really nice about last year was that in the first month, I made almost $120,000 So I had such a big cushion to start 2018 that you know it, just. it put me obviously in the driver's seat to the point where I was able to just you know, the stress was off. I was able to just kind of do my thing, get in the groove and you know it ended up being terrific.

On the flip side, if you start a year really slow or you start a you're in the red. It puts you behind the ball and then you feel like you've got to scramble a little bit more and this sort of active scrambling puts you at a little bit more of a position of being desperate or being impulsive and so that you got to be very, very careful that you don't let a goal and the eagerness to hit a goal put you in a kind of I don't know, just a sort of negative mind set. So you know, every month I set a goal just. First of all, to be green if I can be green I'm happy I was green eleven out of twelve months last year, but I had two months that were basically breakeven and then one red month.

So I had three bad months last year and nine really months. If I could do that again this year, I'd be really pretty happy with that. I'd like to not have a red month this year. the last red month I had was in February of last year.

So it's coming up on almost a year since my last red month and the you know like to put more than a year between me and a red month. So you know I've got my work cut out for me I've got to be disciplined, especially in the first week of just building the profit, building my cushion and then once I have the cushion I can afford to take a little risk today. I took a little risk and it paid off yesterday. I took a little risk I actually made $9,000 yesterday and then gave back 2300.

You know, being a little aggressive, but $6,500 yesterday was still a great day and today I actually fell into the red. I was down about nine hundred dollars SAE X you can see right here and then I bounced up out of the red and now I'm finishing up $5,500 so almost a $6,500 swing today from the low all the way to the high and I'm gonna finish today at high of day finishing on a green trade which is always a nice way to finish. So today as you can see those of you guys watching this, see my screen share: I Traded in two accounts I traded in my regular trading account and I traded in my IRA account and guess what? settlement margin is turned on and that's why I was able to trade one two, three four five stocks and every time I press the sell button my buying power return So those of you guys watching on Facebook I'll just put this show you my screen share So that's three thousand, eight hundred, seventy one dollars in my IRA this morning I started with three thousand dollars I just made 10 more than 10% in one day. That's more than most IRA accounts will make in all of more than most made in all 2018, that's for sure and probably more than most will make in all of 2019 I did in one day those were the five stocks I traded did lose almost 900 dollars.

And here's the thing in the IRA now that I have settlement margin I was able to get myself out of the hole before I had settlement margin I would have just had to be down nine hundred on the day and I wouldn't have had a chance to get that money back for two more days because of to day trade settlement. So that's my IRA account with Lightspeed now up over ten percent today and then this is my account with Lightspeed as well my regular trading account. It's not tax free up one thousand six hundred ninety nine dollars and the balance on this account is now. let's see we can go.

window account value was fifty two thousand dollars this morning. so or if it almost fifty three, so it'll be just under fifty five thousand tomorrow. So making some nice progress there. The big winner winr.

You can see the stock here form two really nice flag patterns right here and right here. Well draw the line kind of crooked, but that's okay. So those were the two pull backs right there. I traded the first one, the second one right here.

actually made almost a bigger move from five dollars all the way up to Six Sixty Two. but I traded the first pullback right here. This is a bull flag pattern and on that one in my IRA I made four thousand dollars. Took the trade.

Also, in my main economy, $766 Trying to trade is hard enough. Trying to trade in two accounts is really difficult. It's a lot of back and forth. The reason I'm doing it is: there's obviously a huge advantage to me trading in the IRA because it's it's tax-free I don't have to pay any taxes on the profits now I can't take the profits out until I'm fifty nine and a half years old, you know? But it's it's saving for retirement.

So you know, tax-free saving for retirement. Those are good things. and I'm a little behind the ball. you know, I'm 33 years old and I've only got thirty thousand dollars in my IRA and this is the only IRA that I have.

so you know I am a little behind the ball on this, but I'm gonna try to catch up a little bit and make up for lost time. So definitely trying to trade in that account as much as I can. Tax-free is a big win, but the problem is that I only have twenty nine thousand dollars of buying power, so I am somewhat restricted on winr I was only able to take 4,000 shares when I got in right here at $4 now. I would have loved to have been able to take maybe 8,000 or 10,000 because this is a really solid set up, but I simply couldn't afford to do it.

So I took 4,000 shares on that account and then I immediately switched to this one to try to press the Buy button and by the time I you know was switched over and ready to take a trade, it was already up at 470 and I wasn't able to get filled. So I ended up buying in my main account actually at 455 I had orders that I tried to get in and they got rejected. You can see right here so this was ad il so winr tried to get in at 455 99-81 Oh no, those are sellers I'm switches here here we go I'm sorting it the wrong way. Tried to get in going into the hall, didn't get filled, its halted I traded up I Npx whatever coming out of the hall I ended up adding at 4:55 trying to double.

don't get filled on my double. it moves too fast. but I was able to sell those 3000 shares for 766 dollars of profit which was pretty nice. So I did well I did okay on that account, you know, but this is just sort of the challenge of trying to trade in two accounts at once.

You know I want to trade in the IRA but it costs me a little bit of money to trade here because I ended up missing maybe an opportunity to make more like eight or even ten thousand dollars, you know? And so I suppose if I had made ten thousand over here, you know, after tax, you know it's probably only six thousand. So you know, making four thousand here? Well, I guess it's close enough. You know it's it's good. and as this account grows, of course, I'll have more buying power so you know it'll continue to be easier to take these trades even tomorrow I'll have another three thousand eight hundred dollars in buying power.

It's just gonna keep adding up. So huge advantage here. I'm actually the first person at light speed to trade an IRA with settlement margin I'm piloting it and so hopefully it all goes well. but today was the first day and it went great.

I Mean it was perfect. It did everything it was supposed to do. It was just like day trading a regular account except my buying power is only one times, not four times. All right.

So Lizzie So here's the thing: Liz You can't move. You can only move six thousand dollars into an IRA each year. That's it. That's the most you can move over.

So I had to move over eighteen thousand into this account I moved over six thousand in 2017 when I started my $583 challenge I took six thousand of that profit and put it here. I took another six thousand dollars in eighteen and put it here and I just put another or it was fine. Actually, five thousand, five hundred and seventeen and eighteen, and then six thousand here in 2019. That's the restriction.

I actually put the money into a traditional IRA account and then I did a backdoor conversion to a Roth IRA So anyways, you know this account is a little smaller and remember yesterday I Also had an issue even with my main account that my buying power was restricted on the CL PS trade so I didn't have enough margin I was only able to trade with my cash amount I Wanted to take 10,000 shares, but 10,000 times $6.20 is sixty-two thousand dollars and this account only has five thousand 52,000 or yesterday it was like 48 thousand. so you know it. Having taken some money out at the end of the year, I've now had a couple times where it's caused me a little bit of an issue. I've I guess in the last six months gotten used to having a hundred thousand dollars in the account and trading with that type of size.

So anyways, the accounts are growing I'll be back up towards 100k before I know it. so I'm not gonna sweat too much. Hopefully I'll be back there by the end of this month. If we continue to see days like this, it's gonna happen real quick.

Alright so um, why don't we go over the kind of watchlist here for today as looking at it this morning again. guys, today is no different from any other day. really. this actually I thought was gonna be a slow day.

so I'm gonna put up my chart or my scanners here for 9:25 a.m. So every single morning we look at these scanners and this tells us where we have momentum in the market. Today you can see DCI X was one of the leading Gabor's I'll move this around here so you guys can see so DCI X Leading Gapper it's a shipping stock I don't really like that sector. Those stocks don't really move very nicely.

they're very choppy so not interested in DCI X tops ship GLB sec. Those are also shipping stocks and I don't like to trade them so nothing there. This one didn't have enough volume. Too expensive, too expensive, too expensive.

And then we have InP X You'll note that I made $900 on InP X in my main account on one trade And I took a different trade in my IRA made $285 So in that case, I didn't take the same trade at the same time in two accounts I took one trade on InP X and then the second trade was in my other come. So let's look at that one first. I NP X All right so this one you can see here and those of you guys watching on Facebook I'm gonna upload this to YouTube later this afternoon. so make sure you check out the YouTube channel and subscribe and then when these videos get uploaded of my screencast and everything, you'll be able to see it.

So I NP x had a pre market high of five dollars and ten cents pulls back a little bit pre market. Wasn't really sure it was gonna work but first five-minute candle squeezes up to 473. so I ended up taking a couple of different trades on this I believe my first trade. Let's see we just scroll up here.

Yeah, my first trade on it was at 9:45 and that was let's see Lee pull this back here. My first trade was right here. Okay, so I had seen it just squeeze up to a high 4:57 it pulled back is it curled back up right here I Jumped in at actually 446 and 447 anticipating a second break over the half-dollar I Took this account in my Ir. this trade in my IRA account in at 46 and 47, scalping it at 50, 50 and 52 selling a little more at 64 and 61.

Not the biggest winner there, but you know, made a little bit on it I'm not sure I think I might have had one more trade on it. Nope, that was the only trade so on that one there was six thousand shares I made two hundred and eighty-five dollars, so a little bit of a small win there. it pops up to a high of 68 and then it pulls back and then you can see it curls up here to 95. It does a one-minute false breakout right here and I'm gonna talk about this in a second.

This is a one-minute false breakout. and this is a one-minute false breakout. It's a false breakout because the stock squeezed up and then turned around and went red. It closed.

It came back lower, but during that candle it did squeeze up and so during that candle there was an opportunity to sell for a profit. This is something I always look at if I'm holding a stock and I bought it a little high I Usually wait for the one-minute micro pullback and then as it squeezes up I can either sell into that you know or if it ends up continuing then that's that's even better. This was a one-minute micro pullback that actually continued. so we'll get this on another chart a second.

So anyways, it does a micro pullback here and I decided to get back in right there. this one I took in my main account I took nine thousand shares, stepped up to the plate a little bit here. Let's see and at 95, 98 and 98 so 9,000 shares right here it pops up to 515 and within a second you know five seconds I'm up over a thousand dollars and I go ahead and take my profit right in there and book $973 So - nice trades on a Npx ends up hitting a high of five dollars and 35 cents. It does another sort of false breakout here.

A little break out there, so a couple little other opportunities I wasn't as aggressive on that there because during this trade I was holding winr in my main account waiting for it to resume from the first halt. So I'll show you that one in a second. So I MPX off the scanner or off the pre-market watchlist but that was the only one off the pre mark o/s Fe T was the other one so s Fe T we were watching pre market had a pre market high of 315 Right here the bell rings, it squeezes up to 45. The trade that I took on this was also a one-minute micro pullback.

it pops up to a high of 20 right here and then it squeezes on that one minute micro pullback I jumped in it in my regular in my sorry my IRA account. that's getting confusing I was in it at 3:20 but these orders didn't end up filling and then I sold it at 30 and I guess that was it. So I made 10 cents on 1600 shares $163 That wasn't really a very big winner, just kind of a small one. but whatever.

So small. win on that. And then the next trade I took was on SAE X and this was in my IRA SAE X this morning. Actually it's squeezing up right now.

Yesterday it was really strong I did really well on it. It made this move from 250 up to $4 so you know, really solid move there. This morning it had sold off quite a bit, but when it started to squeeze up I thought no, you know what, it's strong I'll give it a chance and so it ends up squeezing up to 88 doing a 1-minute micro pullback right here and I went ahead and jumped in at 68. So I bought this one at actually let's see SAE X oh I guess I just got in at 70 no I got in at 66 and 70 so my average was 68.

I even tried to take 9 thousand shares but it looks like I didn't fell, would've been able to Well, no I don't know. Anyways, So yeah so this is 68 and it immediately drops. I mean it just immediately drops here down to 37 and I stopped out at 51 so you know took my $800 in 88 888 dollar loss on it and we're just like, well you know it is what it is that's disappointing but what can you do? So took the loss on that and went red on the day. My only trades at that point sfe T and then Sae X so I was down I guess about 720 bucks.

The next trade I Npx made back to 85. so now is down like four hundred and fifty dollars and then I had the Winr trade right here. Let me just see if there was one other in this account first. Yeah! I tried to take SAE X in this account I didn't get filled I guess winr Okay, so winr.

It was interesting. this one was not on our hide a momentum scanner because it doesn't have a float listed in trade ideas yet. This is a company that recently changed its stock symbol and sometimes when that happens it won't be on scanners right away. So this morning someone calls out in the room, hey look at Winr when I take a look at it and I was like whoa, This thing just squeezed from a low of 275 all the way up to 450.

That is a pretty big move that actually looks a lot like CLP s from the other day. Alright see. LPS from the other day made this really big move from four dollars all the way up to eight dollars. And yes, it was unlike volume, but it was still an impressive move.

So when I saw that one initially, I was like okay, this is interesting but I can't buy it here I need to wait for it to pull back so it pulls back. As you can see, it drops down, it pops back up, it pulls back and during this period of time, what pattern is it forming? This is a flag pattern. it's a wedge and so what I always look for is the first candle to make a new high on that pattern. So we've got a green candle, a red candle, and a red candle.

So what is the correct entry point on this? The correct entry point is if a green candle here on the one-minute chart breaks over the high of 410. All right. So 410 is the correct entry point. Now with these types of stocks, they can move very, very quickly and so what I often do and I did this on several other trades today is I anticipate that breakout I know as soon as it breaks 410, there's gonna be a lot of people watching this and they're gonna be buying it.

for 10 for 15, they're gonna jump in with a five cent offset, 10 cent offset. whatever. So if I start to see volume come in I start to see buy orders go through as it's getting close to the trigger price. then a lot of times I'll go ahead and take a starter leading into the breakout and so that's what I did here.

So in my IRA I took 3,000 shares and press the button again. Boom Boom I pressed it both within one second. but I only got a partial fill in my second order I tried to add more Well actually no I put a sell order out and against it. So no I just took the 4566 Trey's shares that I had at about 402 and it breaks.

it squeezes up. It breaks the high of 410 which is what I expected. First, target is high. add a 450 max loss on this trade.

unfortunately was close to 350 360. I mean I knew that because the the volatility on this one that I was looking at bigger max loss. but I went ahead and took the trade. it squeezed up to 450.

It breaks high a day and now hits 470 and is halted on a circuit breaker. I tried to switch over to my main account and take a trade in it there as well and that's where I did not get filled. So now it's halted for 10 minutes on a circuit breaker halt because the stock moved up more than 10 percent. In less than five minutes, it resumed from the halt in probably the worst way a stock can resume from a halt.

It opens slightly lower and it flashes for a second down to 369. The high of that one-minute candle is 465 and the low is 369. That's a huge range and so what I decided to do is wait for what I waited for the first one minute micro pullback to resolve. Now, my mental stop is certainly the low of the one minute micro pullback.

If it had gone down and broken below 70, I would have had to go ahead and stop out and that would have been a 30 cent loss on 4,000 shares. I would have lost $1,200 on it, so that would have been a decent-sized loss. And but I gave it a second for the first one minute candle to make a new high And what happened right here. First one minute candle makes a new high and this not only provides resolution for the trade, I'm already in.

this provides a low-risk opportunity to take a position in my main account which I take at 4:55 Again, the high of this red candle was 465. getting in 10 cents early I was anticipating the break as I saw volume coming back in so I'm ended at 455 I try to double I don't get filled when I try to double so I end up just taking the profit and selling those shares at 81. And let me just scroll down here: I sell those shares at 81 99 and then the rest of 55 and the last trade and this account was a small trade on a DI L which I'll show you in a second. All right.

So in the main account, I made seven hundred sixty six dollars for three thousand shares. that's about 23 cents in my IRA account I put out sell orders around $5 right here and I got filled at let's see I put one at 515, then cancelled it, put one at 485, 495 and then sold the rest at 486 and 506 high was 506. As it squeezed up to a high of 515, actually tapped 540, it went even higher and then it started to pull back a little bit again during this pullback I said guys, we want to keep this on close watch This pattern right here is now forming another flag. So this is what the five minute chart looks like.

The stock is squeezing up and now it's pulling back just a little bit. So for those of you guys watching on watching on, Facebook I'll just show you the chart for a second. So the stock squeezes up, it pulls back I buy the first pullback I Salus It squeezes back up and now it's forming a second pullback. Alright, so during the second pullback, I'm watching it and what's the correct entry here? the first handles are making you high which would be a second break over $5 Watch what happens.

From five, it goes up to five sixty-six and then it squeezes all the way up to a high of six dollars and sixty two cents before reversing and coming down lower. So on the one-minute chart we can see here, that's the resolution it squeezes up there. it opens up, makes this nice move all the way up to high of 662. That is a really nice breakout right there now.

I ended up not taking that trade. The thing is I had a little bit of a close call, you know I held through a one dollar whip in that candle that resumed from the halt. So I was a little bit a little bit gun shy about getting back in I was in it down here and I still almost lost money. So I was a little gun-shy about getting back in here at, you know, 485 five dollars thinking that it could drop back down.

you know, just as quickly. And so I said, you know what? I'm gonna just I'm just gonna I'm just gonna watch this one from the sidelines. You know what? if it goes, it's good. I was just down like eight hundred dollars on the day and now I'm up five thousand five hundred.

This was a really good turnaround, but I'm not gonna push my luck so to see it resolve as nicely as it did, it's great and this is even higher volume on the second breakout, indicating that people were watching it here. That was when it first popped up and then more people saw it here. That was when I got in and then even more people saw it here. So, increasing volume and now volume is tapering back down a little bit and it'll be really interesting to see what this does later.

today. we're currently below the View app the volume weighted average price, but if we refer back to SAE X yesterday, you'll see that this one was below the View app and then ended up squeezing up and making new highs in the afternoon and giving us some second opportunities today. Not that I did really well on them, but you know still, it's been volatile, so I would keep winr on watch. Definitely for tomorrow.

But remember, this is a stock that has some pretty big spreads. It's pretty volatile. it's on a daily chart, been beaten up for a while, and that's kind of nice because it gives us the opportunity for sort of a turnaround story, but you know, higher volume today than on probably looks like any other day in its trading history. By the end of day, it'll definitely be over a million shares.

So you know, be interesting to see what it does tomorrow and even later today. But I'm gonna switch gears here. It's 10:57 I've got a session here with one of our students coming up at 11:00 so I'm gonna go do that and I will see you guys all back at it first thing tomorrow morning. Again, those you guys watching on Facebook will upload this to YouTube so you can watch the you can watch the video with my charts and everything and see clearly everything I was seeing and yeah, hopefully we have another strong day tomorrow.

Today is my 12th consecutive. Green Day So far all green for the month of January It's nice. it's a good way to start the month building a little bit of a cushion. Alright so I'm gonna take off and I'll see you guys first thing tomorrow morning 9:00 9:15 We'll do our pre market analysis and they'll start trading as soon as the bell rings.

Alright, I'll see you guys in the morning. Bye everyone! 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.