Hey everyone Alright, so here we are: Eleven Consecutive green Day over Six thousand Five hundred dollars profit this morning, Less than an hour of trading over six thousand dollars. That is Amazing. I'm happy with that. It is the best day so far of the year, sixth day of the year, and right now I'm averaging just under two thousand dollars a day.

which means I'm on track for another half million dollar a year. but I won't count my eggs before they hatch. We've still got a good ways to go, but this is a great start. I Love having that nice big win gives me a cushion for the month of January and the fact is, we saw a couple stocks make some huge moves today and that really gives me a good good amount of confidence that we're gonna start to see some momentum pick up here in January.

So anyways, good day Breakdown: The Recap: As usual, any questions, any comments, leave them below and I'll come back to an answer later this afternoon. All right. so you guys first thing tomorrow morning. All right.

So we're gonna do our midday market recap here. Today is my eleventh consecutive Green Day And finally I got more than just a base hit, finishing the day up: Six thousand, Five hundred, Thirty Five dollars and Thirteen cents. So I'm gonna write in a calendar. make it official: Six thousand, five hundred Thirty Five dollars and thirteen cents on the sixth day of the year and my eleventh consecutive Green Day It's pretty good, you know, as good as it is.

My last trade was a red trade and so I'm left kind of feeling like hmm this could have been a better day if I hadn't lost $2,300 on my last trade. you know I was up almost nine thousand and then you know, gave back twenty three hundred. You know that's that's just the way it goes. You're not gonna get up nine or ten thousand on the day without being aggressive and being aggressive puts you at risk of having you know a $2,300 loss.

It's good that my green trades exceed the size of the red trade, but that is you know, a little bit of a bigger loss and I typically like so kind of, you know, a little disappointed there I think I could have done a little bit better today. I Also had an issue with not having enough buying power on my first trade on. see LPS that is a stock that is I cannot use my margin on so you know that is a little disappointing. So if I look at my account balance here: I took money out at the beginning of the year so this morning I had 46,000 dollars in the account I started the year with about forty thousand in the account which is a smaller account than I'm used to.

I mean you usually recently been keeping the balance a little higher so I can take 10, 15, even 20 thousand shares if I want to but decide to take money at the end of the year and dropped it down to 40. So I'd be starting the year with a little bit of a more realistic you know amount or maybe an amount more similar to a lot of you guys. And yeah, so that ended up being a little bit of an issue on see LPS but you know, making 6,500 today, that'll put me up over $50,000 tomorrow. So the account is growing and this won't be a problem for very long.

All right. So let's start by looking at the watch list today, no different from any other day. It starts by going over the Gap scanner looking at a historical scan here for 9:25 a.m. What you'll see is that again, we didn't have a lot that looked really good.

Atos was on here gapping up 41% but you know as soon as the bell rang it ended up selling off. Being kind of choppy, it did surge back up, but then drop back down. came back up. dropped back down, you know? I just didn't end up feeling good on it.

In total, it's only moved about 30 cents today from the very bottom to the very top, so it's not actually been that volatile. I Mean it's a yeah, it's so 16 a dollar 60 stock, so 30 cents is 20% but in terms of cents per share, it hasn't moved all that much. So Atos I didn't trade an If I too cheap. Gogo floats too high TG I too expensive CEI We pulled that one up.

however on this one, unfortunately, you know it had sold off a little bit before the bell and so I Just you know, I was like wow, maybe over a dollar 40 but by the time the bell was ringing, it ended up being pretty crowded and I just left it alone. So no trades on that one. so no, no, no no no, no. too expensive, too expensive, floats too high SAE X We pulled it up and on this one.

I Just thought pre market now there's no volume I'm just gonna leave it alone. skipped it. went to the next one. No, no no, no, no, no no, no, no no.

So I didn't have much on my Gap scanner that I was really excited about SAE X I wasn't even watching I didn't even have it on one of the charts that I was looking at I really didn't think it was. It was even worth it. Now it ended up being my biggest winner. That was a surprise.

So the bell rings and I'm really not seriously looking at anything for Gabor's However, we were watching a couple of stocks that were strong yesterday. see LPS Yesterday made a really impressive move. I mean the stock went from $4 to $8 yesterday afternoon it took off I mean this was impressive I didn't trade it I Was in one-on-one sessions with some of my inner circle students, so we were. We were talking about it and watching it.

It was on very light volume, but it just totally took off. Squeezed all the way up to 833, came back down to 6, popped back up to 750 and so I said, you know what, let's keep it on watch today. so let me pull, let me go in here and I'm gonna remove all of these lines and then I'm gonna draw them back on so you can see what I was looking at this morning. Okay, so this morning I'm looking at it and I'm thinking all right, this is what it did yesterday.

I'm gonna draw a trendline from the high down to that line right there. All right. So this is a descending resistance line and I'm just kind of seeing are we above it or below it and we were kind of above it pre-market right around here. you know, staying above it And then I said okay, well what are some levels looking to the left that are interesting? There's 690.

Here's another one at 7:10 left and up. Here's another one at 751, 750 and around 833 high a day yesterday. So those are the levels that I was kind of watching. All right.

now the bell rings and initially you know in the 5-minute chart, it actually dipped down for a second. So it dipped down I had it on watch as a possibility as it broke over 620. It ripped up from 620 right up to 694. That is a really nice move now.

I Want to get in it as quickly as I could. My first entry was 638 649 and 688. I mean I was buying it pretty. you know I was buying like into that squeeze I mean I Really thought this had a lot of potential.

So when I pull up, this is my Sterling trading platform it's connected to Lightspeed My username here is LS our Cameron This is my Lightspeed platform. This is my IRA account right here. So when I type in C LPS in Lightspeed it shows 100% right here. And that means I cannot use any margin to take the trade.

They've restricted it to trading based on your cash balance only because of how volatile it was yesterday. Now, in fact, several stocks are restricted here. CTX ARS Restricted. Well, this was the same one twice.

Let's look at SAE X This one's also restricted. Interesting, let's look at OPG n o PG n is restricted and that's not uncommon. I Mean the the thing here is that these are very volatile stocks. A stock like Facebook you can use your margin.

25% is all you have to put down so you can use four times buying power. The thing is, most of us end up having at least $25,000 because that's the PDT minimum. So 25,000 we know on a $2 stock or a $3 stock like SAE X you can still take 8,000 shares of it. You know you can still be pretty aggressive.

So yeah, yeah. so anyways now I can't actually use margin in my IRA but it still shows whether it's available. So on CL PS I jump in 638 and 649 Boom boom and then I actually got a notice of error message saying not enough buying power and I was like no because I want to be buying more I want to be buying 10,000 shares of this because I think it's gonna move to $7 but I could only add another thousand So using my hot key shift 1 but I was getting this error. so I added another thousand shares at 88 and that was on this one minute micro pullback.

so it pops up to 94. it pulls back for a second down to 50. but I I wasn't really worried because I pretty much knew the first one minute pullback would get bought up because of how strong this one was yesterday. I had like 99% conviction in it.

so I held my position. it then pops up right here at 7:18 and that's where I was selling $6.99 685 704 and then they sold the rest as it came back down. So I made 2,600 bucks on it which is good but I was restricted because of my buying power issue and you know what good is the money doing sitting in my checking account now I took it out. You know I really would have been better off just leaving the money in here.

This probably would have been more than a $10,000 day if I'd left that money in there, but you know it is what it is. So I you know I want to start the year with a little bit of a smaller account and that's fine, so it'll You know this won't be an issue for too long. But anyway, so that was an issue on CL PS so that was the only trade I took I Was watching it through here for a possible you know, next leg up but it ended up selling off and just sort of drifting lower so only got one opportunity there. and now over the next few days we can watch to see if it flags and consolidates and then maybe it'll give us another move up towards $8 So the next one all of a sudden you know we're sitting here just watching the scanners there.

see LPS see LPS and ice ax hits at 273 I see it and I'm like, well that's weird you know I don't know. not sure about it but it hits again at 2:00 I pull it up in 273 or whatever it was when it hit and I see it's ripping up fast to 73 to 78 to 79 to 80. Looks like here it didn't hit again on this scanner so I went ahead and jumped in here to 93,000 share order only got filled twelve hundred shares and remember I was pressing shift one two by five cents above the ask and I still only got a partial fill I added three I add more 306 I try to add going into the halt I'm looking at this and I'm thinking this thing is gonna you know take off I don't get filled anything going into the hall So I had seventy five hundred shares basically 72. All right coming out of the halt I add more I had nine thousand shares coming out of the hull.

So this is actually interesting because I definitely was using my margin on this one even though it says here it's not marginal I was clearly using margin to take that many shares. so I don't know. maybe that that changed during the day I guess I'm not really sure but in any case, so now I'm in. It would like 15,000 shares and I'm trying to scalp the move up to four dollars even thinking maybe it'll go into a second haul.

This is a leech art. It's got lots of room. and by adding up here this 9,000 shares, this is aggressive. However, I'm in with 7,000 shares at $3 and now I'm adding nine thousand shares at 370.

So what's my cost basis? You know it's like 340. So now I've got 15,000 shares or 16,000 shares. but my average cost is 340 and as of that moment, I'm up. You know, 40 cents per share.

So what I'm really risking is that the 7500 shares that I bought at 3 I could go ahead and sell them at 370 for a profit because if it comes back down to 340, I'm gonna have to stop out of the full 16,000 share position breakeven. So basically the risk on this was risking not realizing the profit from my first entry. But that's to me. kind of okay because I'm not actually risking any profit I'm not risking I'm not risking actual loss.

Worst case scenario: I Sell breakeven. Best case scenario: I've got an average of 340 was 16 thousand shares I sell it at 420 or 430 for a fourteen to fifteen thousand dollar winner with zero risk, right? Because now my stop is break-even So this is definitely being aggressive because you know I'm choosing not to sell the 7,500 shares that I have from three I'm choosing to add. but I think this was the right one to do it on. Given the fact that this has a history back here of being a former runner.

here's a day where it went from $8 to 30 bucks. I knew that and that's why I was so aggressive on it because I knew this had that potential I didn't know if it would happen, but it had that potential for a homerun. So I stepped up to the plate a little bit on this one. It ends up hitting 405, dropping down to 60 down to 62.

kind of doing a little bit of a false breakout right in this area. and so I get out of the position through here. So I end up selling it in the 80s and 70s and I guess my ad at 80 wasn't really a good one. I added a little bit more back.

after selling at 95, it didn't break over 4 sold at 97, added back at 89, sold it for at 93, you know, kept kind of trying it. added one more time at 90 and 93 sold at 402 405, you know. And that was the total of six thousand, two hundred, twenty-eight dollars of profit. So I took another trade on it right in here.

you know it. and then of course it sold off and then ripped all the way back up to the highs. So you know if I there's no way I would have just held it. that would not be smart.

You don't hold something with 16 thousand shares at 340 and let it go down 40 cents against you. which is what it did here. So I did the right thing by getting out. I didn't get back in here as it broke back over the V whap I could have and maybe should have but by that time I was feeling like I was licking my wounds a little bit from the OPG N Trade So OPG n hits the scanners next and there were a couple others that hit the scanner.

You can see a NY hit the scans. This one I was sort of into but just didn't end up taking any trades on it. GS um hit the scanner. didn't take a trade on that one Atos ends up getting up higher.

Gbr pops up the daily chart on this one I didn't even though it's a former runner. The last few times it's popped up, it's failed so I wasn't as interested in that one and then Tgc was a little too cheap nas into that one and then we had D F F n didn't really trust it. you know it had been read the last time it popped up on this day. right here.

So I left that one alone and then OPG n pops up and initially I'm like AB I don't care about it 6770 I'm like now this thing's stupid, it's you know, cheap I don't trust it. but then it goes to 80, 85, 90, 95 and now I'm seeing that it's about to get halted. I see the halt level showing up on it and so I'm like alright I'm gonna take a step. So I jump in at 19 D and before I know it, I'm in with 15,000 shares.

You know I'm stepping up again pretty aggressively. It looks like it's going into a halt. It gets halted to a three, and I've got 15,000 shares at 95. Now again, at this point I am risking a potential, you know, while $2,300 which is what I lost on it back of my mind Target is that this has room up to two dollars and fifty cents which is a 200 moving average.

So that's 75 hundred dollars of profit roughly. and that was kind of my back of the mind profit Target. So it ends up, you know, hitting a high of 203, resuming from the halt and dropping down to 183. I gave it a second to do a 1-minute micro pull back and then go break back over to which oftentimes will happen.

And as it broke here 83 I was like nope, gotta take that loss. Sold it at 80, sold half at 80, and the other half at 77. So you know, Boom! 2,300 bucks in the red and I went from having a nearly $9,000 day to being up only 6500 only 6500? I mean all things considered, this was still a good day. three trades, you know, some really good winners, but one loss on OPG n and you know I'm not gonna beat myself up too much for it because the reality is I'm still very green on the day it's been the best day of the year and being aggressive is what gave me sixty two hundred dollars on SAE X If I was conservative on this, I might have only made 3,000 you know if I was more conservative on CL PS I probably would have only made 1500.

so if I was conservative all day today I probably wouldn't have taken this trade at all. or maybe I would have taken it with small size, but I would have taken. both of these were small size as well. so I probably in total would have been up.

You know, maybe two thousand plus three thousand is five thousand plus I would have taken smaller size on this but still lost on it. So I might have only lost six hundred. So I probably if I was conservative today only made like forty forty five hundred dollars and instead I made sixty five hundred with the potential if a couple of these trades worked better to have had a fifteen thousand twenty thousand dollar day. So I think you know based on all that I made the right move by being aggressive.

It worked well on two of the trades and it hurt a little bit on the last one. but you know that's that's the way it goes. You're not. You're never gonna be a hundred percent accurate.

You've got to be willing to. You know, take some of those risks and be okay with them. You know, giving you a little bit of a loss. It's all about winning more than you lose and having your winners be bigger than your losers.

This will be the biggest loser that I've had in probably like three or four weeks. but this was a day where I was stepping up to the plate and being a little bit more aggressive. So you know I really I want to have smaller losses in 2019, but at the same time, 20300 is not the end of the world in terms of a huge loss. number one and number two.

you know I'm if I want to have smaller losses, I also have to weigh that against. You know I still have a goal of making half a million dollars this year, so that means I need to be averaging two thousand dollars per day. Today is my fifth day of a six day of 2019 One, two three four five six trading day of 2019 and I'm up just around like 11,000 or so dollars. So I'm averaging actually just under 2,000 a day.

and before today I was averaging well under 2,000 a day. So this this helped me catch up. You know this caught me up quite a bit, but it's because I was aggressive. You know I've got to be willing to step up to the plate of want to have those big profits.

so you know I'm not gonna beat myself up for having a little bit of a loss on OPG n Green is good. $6,500 is fantastic and you know SAE X I Like seeing that it's still moving up 6.6 million shares of volume now, it's breaking over the 50 moving average on the daily or just about. yeah. I Guess it's over it now so you know we'll see what happens with this one today.

I'll keep it on watch I do have some one-on-one sessions with inner circle students later this afternoon, so I'm not sure that I'll I don't think I would trade. it's probably giving in to FOMO to try to go back at it and try to get myself back up to ten thousand, you know and make back this loss statistically I know I do the best trading in the first hour and a half of the day, so you know I I don't know I mean if it if it got halted on another circuit breaker, that would be probably the time I would start to be a little interested yesterday. see LPS Getting halted on circuit breakers in the late morning or early afternoon is certainly something that was attracting my attention, but you know at the same time, the spreads were pretty big I think the risk would have been pretty high to jump into it and I think in that case, just waiting too short. The reversal is probably safer if you were able to find shares to borrow, but I don't know how easy that would have been.

So anyways, you know, a green day 6,500 bucks? it's not going well. It's the best day of the year. It's not the best day of all time and you know it's it. Could have been a little better if SAE X had broken over for if see LPS had actually continued, saw true continuation and broken yesterday's high of 833.

That would have been amazing. And if OPG n had squeezed up to that 50 to 50 spa at the 200 moving average, this would have been a much better day. but you know, starting to get a little traction here. a little momentum.

Definitely seeing more volatility yesterday afternoon and today than we've seen in the last couple weeks. So maybe this is you know, a kind of indicator that the tide is is changing. So for those of you guys that traded these stocks today, you know if your trait if you traded any of them, like if your read on SAE X or your read on CL PS look at your entries compared to mine, what did you do differently? my o PG N trade is a loss, but you could also compare your entries I probably could I could have sold it faster as soon as it didn't open high or out of the halt I could have just said oh no I'm getting out of this thing right now at 90 and I would have only lost like 750 bucks but you know it flashed down to 83 I wanted to give it a second do one-minute micro pullback and I had enough of a cushion on the day to give it that room. So maybe your stop on this was even tighter than mine.

The loss would have been smaller, but yeah, so that's it for me. And hopefully you guys had a decent day and we'll be back at it first thing tomorrow. Hopefully we'll have another green day. Will be the 12th consecutive green day if we can do it again tomorrow.

Alright everyone, so I'll see you first thing tomorrow morning. Hope you guys have a great afternoon! 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.