What's up everyone? Alright, so finishing the day: Oh 5000 $119 That is the biggest green day I've had in two months. A $5,000 green day you know, and well, six months ago I wouldn't have been patting myself on the back for that, but right now I'm gonna give myself a pat on the back because that is really awesome in today's midday market recap if I'm gonna break down for you guys my some of my high-level stats for the month of September Broker statements are all uploaded to the website and what you're going to see is that in the month of September my biggest winner 2,000 bucks I mean I just didn't hit any homeruns Matt stepped up to the plate a couple times but I just didn't connect. The good news is my biggest loser was only like nine hundred fifty dollars which is actually kind of ridiculous that it wasn't below a thousand. And of course today I already had a loser and well, let's see I was down I'm 160 on Le VB and now I'm down 1,000 on it.

So I lost 1000 $160 So now I've already got a loser above a thousand this month. but and at the end of the day, it doesn't really matter as long as I've got the winners to overcome and last month they didn't But this month I've already got one nice one. So as of right now I'm looking about almost six thousand, five thousand, eight hundred dollars or so on the month and you know, I'm starting to feel like the wind is gonna be on my back with one solid trade or a couple solid trades, it can totally change your perspective on the month. So now feeling like alright I'm in the driver's seat I can maybe take a little bit more risk, but I see something that looks really good or and you know, maybe I don't have to force it if I'm not feeling it because I've got a little bit of a profit cushion.

It can really change the way you trade, make you more focused and you know that can be the beginning of a really strong month. So you know, knock on wood and fingers crossed. Hopefully October becomes something that I can feel really good about it. Alright, so that's it.

Enjoy the recap. Any questions, any comments? leave them below. I'll come back through and answer them later today. Alright, I'll see you guys tomorrow.

All right everyone. So we're gonna do our midday market recap. We'll go over the trades from this morning. I'm finishing the day in pretty good shape I'm impressed I Wasn't expecting to have such a big green day today, but I'll drag up the P&L here for those you guys in chat finishing the morning up 5,000 $119 which is awesome that that is a nice cushion.

Now on the month of October Today is the 178 trading day of the year. day one seven eight plus five thousand $119 and thirty-nine cents putting it in a calendar, making it official. that means no more trades for the rest of the day today. Total Today I Took two trades on VT VT Both were winners I took one trade on CTX our one winner, one trade on seed, one winner, two trades on Le V be one winner and one loser.

So I'm green today on five out of six trades and I have one loser. That is a little bit disappointing, but you know that whatever I mean I'm I Can't complain about $5,000 on the day. So a green day for sure and in less than an hour of day trading. So day trading from 9:30 until last trade closed up at 10:20 So 15 minutes of trading and my work is done so you can see the PNL right there.

Let's see. I'll pull up my charts here. Let me close these ones down and I'll go over. I'll kind of break it down.

How I Found these four stocks today. The this today was no different from any other day. I Mean really, it wasn't any different in terms of coming in and doing the right thing. following the rules.

How I find the stocks to trade Today we just had better follow through. So I updated Before we get into those trades. a couple updates. Number One updated my broker statements on the website for for the month of September.

So if you go to Warrior Trading dot-com let's see, just pull this up here. So Warrior treating calm. I'm gonna scroll down to the bottom. did you do verified earnings of broker statements 2018 sitting at three hundred and seventy two thousand dollars? a profit on the year right here, which is great.

I've already beat 2017. You see total profit there. Seven hundred Seven thousand. So if I go down to the bottom here I'll get down to the month of September and you'll see a kind of high level of how the month looked.

Only eight thousand, Five hundred, Ninety Nine dollars. Not a very impressive month. Obviously you know some months are going to be better than others, but what's interesting here: Average winner is only five hundred dollars Average losers 350. Great job! Pat on my back for keeping those average losers so small.

Only had to read days. Biggest loss in the entire month. Nine hundred Sixty Four dollars. Not even down more than a thousand bucks.

So that I mean that's awesome. Hey already today I had a loser more than a thousand bucks so that's pretty good. But largest gain? only two thousand dollars. So my accuracy sixty five percent.

You know that's a little below average, but not bad. The real problem here was that I didn't have any really big winners and you know that's that's what I need. So you know. Just today I finally had one really big winner.

You can see my daily P&L through the month to read days. The rest Green took five days off. went on vacation. very rare that I do that but that you know that cost me a little bit on the month, but you know, whatever, you got to take time out to enjoy life.

No trades in the IRA account in September just you know really? I don't know I just wasn't feeling it I don't know what this eight dollars in a two senses but interest I don't know I have no idea but you know I just didn't see any really good quality setups that made me want to take trades in the IRA and that was probably the right decision. It's better to kind of sit tight on that account because I can't add more if I do have a big loss I can't put more in. So today, having a $5,000 day is awesome. This is the biggest day I've had since August So it's been a while since I had a big green day.

So how did I find the winners today? Those of you who have gone through the warrior starter class or the warrior pro class, those of you who have been here for a while, you'll know the process. Every single day is the same. It starts by looking at the Gap scanners. All right.

So this scan right here is gonna show me all the stocks in the entire market. They're gonna open higher than they closed yesterday. The only reason to stock opens higher than it closes yesterday's because there's some type of catalyst driving it. Catalyst can be breaking news.

It can also be a technical breakout if some big investor or trader thinks of the stock looks good, takes a big position, that order by itself could potentially move the stock up a little bit so you can have technical breakouts. Those aren't uncommon, but we generally like to look for news. So the leading gapper this morning DTE a name is a company over here. Basically don't even need to look at that because we trade the ticker, not the company.

We look at the technicals, not the fundamentals. Having said that, I will leave this open because there may be a couple things that are relevant simply because the name of the company can indicate its sector. Biosciences Bio Sciences. You know these are biotech stocks and recycling energy, right? And that can sometimes be helpful when certain sectors are hot.

So Dtea a pre market. We have this pre market price action so you can see that some traders have already started trading pre market. Most traders won't it just because it's you. can't take a lot of sighs.

there's not a lot of volume, the risk is high, the reward is kind of minimal so most traders don't trade pre market, but we can look at the pre market chart and that will help us base entry when the bell rings at 9:30 So the pre-market chart on this stock is already kind of going down. that's my problem with it. So the bell rings, it pops up for a moment, it continues going down. So I had it on the watchlist.

if it could break. you know basically this downside channel to the upside, but it couldn't do it so no trades on that one. Oh Jen Well here's the thing before the bell even rang, I had four million shares of volume. this stock had a lot of volume.

So much so that I felt like if I got in it when the bell rang. I'm really almost I'm missing the the bulk of the of the I I feel like I'm kind of just I'm the last one to the party. The party was really crowded. there's already some fights breaking out tug of war and I'm coming in it.

you know, 11:30 or 1:00 in the morning? I feel like I kind of missed the action Now as it turns out, yes, it's been pretty crowded 38 million shares of volume, but despite that, it has made an 80. It's up 85 percent today. So on this one, you know, whatever. I'm the guy who didn't trade a stock.

it's up 85 percent I Felt like it was too too crowded. I'm I One of my sort of strategic advantages as a trader is being really good at tape reading. And tape reading is when you're watching all the the orders go through. So I'll move this over here for instance, what's this? Hello, let's see drag? There we go.

So this is the tape all right. So tape reading goes hand-in-hand with using the level 2. Actually, I'm going to put this over on this side of them. It makes more sense.

There we go, All right. So tape reading here. This is something that for me is really important I want to be able to see all that when I see green? It helps me read the market better. My problem here is that when a stock has 1520 million shares of volume, there is so much volume that I'm no longer feeling like I can read the tape very well.

There's lots of green and red intermingled little bursts, but they don't mean as much. so for me. I I just where I kind of have my edge with reading, no longer becomes helpful. So in any case, I didn't trade this one.

Nice moves on it, but no traits for me. and I already knew pre-market it would be difficult. Next one down ATO M Only 8,000 shares of pre market volume. That's not a lot.

Not a lot of pre market chart to work with, so no traits on that. When the bell rings, it opens lower and sells off so nothing on that CLR be next one down Four dollars up 21% Three Point three nine million share float. Remember float number of shares outstanding available to trade when company does its IPO They sell shares on the market. From that day forward, you've got this number of shares that are available to trade.

So this company has Three Point Three Nine Million shares that represents supply. This volume and this gap represent early demand. And the demand is caused by what you can see here in the newsfeed as some type of catalyst breaking news. Unfortunately on this one, the stock made a nice move pre market but by the time the bell was ringing it was already coming back down and this move was on.

Pretty light volume as well. so the bell rings, it's selling off and no trades on that one either. Next one down TR Px Bioscience is another one, you know biotech industry or sector. pre market chart again pops up but then it's opening lower.

Not very good looking for me. no trades on it I Would have been interested if it got above six, but it didn't I GC already 4.5 million shares pre market. so very crowded. Not very interested in this.

It's above $10 which is above my ideal price range. So indicating on this one you can see how the tape is also 30 plus million shares a volume. It becomes difficult for me to read the the action of the market with that. Now, if you focus purely on chart patterns and you don't use level two, that's a little bit of a different type of trading and you can totally do that.

That's more trend based trading, but it's not what I'm really really good at. So I think there are just so many times where I'll get in based on a strong chart pattern and then you know looking at the market depth here there's a hundred thousand share seller so if you're not looking at it then you're gonna buy here and and it's not going to go because there's a big seller in the way. but then when you start looking at it, it becomes difficult to read and you talk yourself out of the trade. So that's the that's the struggle.

Going further down the scans, you know, really not interested in any of these all that much. you know, just you see a bunch of stocks on the scanners today but nothing I was super excited about Le VB this one was a continuation from yesterday I traded it yesterday excuse me, made some money on it and then this morning was watching it for a possible continuation. So the pre market high here 750. that's the level that I was watching now on this one I have a little bit of FOMO on it because it it pops up here.

My first trade on it I got in at 7 right here it pops up to 704 and then it drops down to 680. So I stopped out and I made actually a hundred and fifty bucks right here on this trade. So I'm up 150 I look over and next thing you know it's back at 720 and I'm about to get in I hesitate and then it drops all the way back down to 680 and I was like you know what? that's good, you hesitated. this thing is crazy.

Then all of a sudden I look over again and it's back up at 735 and I'm like you gotta be kidding me, what is going on with this stock? It pulls back here I'm thinking about getting in and I'm like you know what? it faked you out. once it faked you out twice. maybe you leave it alone and it pops up to 775 and I'm like mm-hmm Alright, maybe I should, maybe I should get it and then I'm like now, if I get in here I'm really getting in pretty high. leave it alone.

so I don't get in on the second pull back and it goes up to eight and then it does a micro pullback here and finally FOMO I get in really high I have this fear of missing a dime like re I'm just gonna jump in here at 7:28 24 it pops up to 850 I'm up whatever 25 cents and then it flushes all the way down here to 766 and I get stopped down and I lose a thousand bucks $1,150 So that that was kind of annoying. Um, you know I I had sort of this idea of what it was gonna do. it didn't work out there. it did this drop, it popped back up I was a little nervous about getting in here and we sort of already.

you know it was just whipping around then I don't get in here coz again I'm like jeez I don't know it's extended and then I finally get in with taking off volumes increasing I'm thinking maybe it's gonna go into a circuit breaker halt eight $59 and I just get ended up getting in a little high so that's a little bit. That's a little bit of a bummer, but you know that that's that's the way it goes sometimes. All right. So took a little bit of a loss on that one.

but by that time of the day I was already green so I never went. I wasn't red on the day I I went from being at that point before that loss I was up 1,700 bucks and after that loss I was up only about 500. Okay, so I gave back about half of my daily gains and that's the spot where I was asking myself. should I even take another trade or just walk away happy with $500 and I'll show you what I ended up trading.

So anyways first trade was 150 bucks on Le VB Next trade was let's see let me just go down here. So first trade of the day sorry First trade of the day was CTX are so CTX are this was kind of an interesting one I got aggressive on it because this thing was taking off I was impressed. We don't usually see something move as quickly as this. It pops up on the skin and a dollar 85.

and initially I'm like wow, you know I'm not sure about it really I didn't see any news. the headline posted here was at 10:30 so I looked at it just really not being sure there was going to be anything there to trade. Well next thing you know it pops up to a dollar ninety. It flashes down to 170, back up to two and that's taken off.

So I'm like okay I'll take a starter it too. It breaks and squeezed up to 208. I'm like I'll add more. 208 goes up to - 15 - 17 more 2:17 Now I'm like wow this thing is going crazy.

So now I've got 9,000 shares, those ups to 25 to 30 to 40 to 50 and I'm just like wow this looks like it's gonna get halted I wasn't expecting it. but now I'm thinking 280 is my first target. so I had another 3,000 shares at 250 twelve thousand shares average is right around to 222 17. so it pops all the way up here to 252.

I literally buy it at hi of day you know and I'm thinking it's gonna get halted and go higher on this one. I top ticked it on the 52 entry. However, remember I had a really good cost basis and then look at this, it comes all the way back down to a dollar 78. I mean it was just kind of crazy.

It ends up squeezing back up to 223. I end up getting out with about 10 cents of total profit. you know? So from 20 to 30? I Just really was surprised that it did not hold up. I Mean it it just when something squeezes like that.

I suppose as quickly as they go up they can come back down. but usually this gets traders excited when you see a stock hidden the scanner. Boom Boom Boom Boom Boom boom boom more. people usually jump, you know from the sidelines and get into him and that just didn't happen.

So this someone said in chat that this was a newsletter alert which of course I didn't know at the time and that's something. that is a challenge with trading because when we see something hit the scanners, we don't know what's necessarily causing the move. We don't know if it's breaking news, we don't know if it's someone who's covering a short position, someone who's just buying it and you know or if someone sent this out as an alert to a newsletter of you know, a higher thousand people and now people are just jumping in. The problem with newsletter alerts is that typically when you get that type of alert, whoever issued the alert has already been holding the stock for a while, you know they might be holding it from down here.

You know, maybe they're under the water from here and so when you get that move, what do they do? They sell and so that's when you get a big burst of selling and it can flush right back down. Well you know the hard thing is you just you don't know when that's gonna be the case. So for me you know I just I Jump in, it's on the scanner, it's got momentum, it's taking off and sometimes they hold up and go to fifty seventy-five three dollars and they just keep going. Another times you know you end up whatever getting stopped out taking a small loss and that's just the luck of the draw.

you just you just don't always know. So I don't know, you know, whatever the case is there. Unfortunately wasn't the big winner I was hoping for. but for me being in at 220 if this had gone to 60 in the 70 and gotten halted, what kind of winner is that? Six $7000 winner? This was very close to being a home run right out of the gates.

really close but you know ended up being only $1,200 So but that's okay. it's a good start on the day. so that was my first trade. second trade le vie be whatever 650 bucks there.

next trade VT VT All right. so VT VT this one pops up on the scanner at $1 v. Le VB is on there. you can see This is how I find all of my trades.

TR Px is on there VT VT hits a dollar five and I see it initially I'm like I don't know it's a dollar five I'm it's pretty cheap but then I think you know what? Last week we did see a few stocks at this price range squeeze up and get halted several times and go higher. So maybe I'll take a starter. So I end up taking a starter at a dollar 13 thinking you know first, target dollar 25. maybe it'll get halted.

So I get in at 13 I add at 22 I add more at 22. So now I've got 9,000 shares. It pops up to a high of 25. it taps 33 and then drops back down and so I try to unlock unwind some of the position here.

29:33 I'm selling a little bit then I end up. Let's see getting back in this at 55 and doing a little bit of a scalp. it hits a high a day of 59. So you know that's a really nice move and I was in pretty early I just I got a little faked out on this drop.

right here you can see on that candle how it dropped down, that's that bottom wick. I got faked out and stopped out and then you know the ends up running. So anyway so that was my first trade there made I think on that one about five hundred dollars and it put me up seventeen hundred on the day or maybe four hundred dollars and then I ended up getting back in it for a second trade right up here as it broke over the half dollar for a scalp of 268. So that was a second break of hai a day.

So two trades on that told a profit. A thousand bucks so not bad. And then Le Vbe got back in that stopped out, took the loss and then we had seed. So seed and was interesting.

There was a headline on this at what was the time 1003 right around 1003 News came out on this and so I see it here. It was in the chatroom news posted and initially it spikes up to 540 right here. This was at 10:03 when the news comes out, so initially I wasn't that interested. I was like well, that's fine, Whatever there's news we'll see if it starts to go.

That's kind of my approach I just some. Sometimes there's headlines coming up all day long. a lot of them don't do anything, but sometimes they do. So it hits the scanner 46 and then 60 and then 75 and that was right in here as it started to squeeze up and so when I saw that I was like okay, I'm gonna jump in so I took a starter at 40, where is it I took a starter at 580 so I'm getting I'm already getting filled like kind of at the top of this candle here at 580.

So I take three thousand shares as a starter same thing as Le VB taking the starter wanting to see it continue. it continues goes up to 90 and so I try to add more I can tell it's about to get halted. So now I've got six thousand one hundred shares. Okay, it resumes from the halt, squeezes up I added a dollar at 6:44 and sell for the break of the half dollar I'm selling at 640 and the rest of 640 as it comes back down.

So right here it did this little pop up to a high of 659 660. Really a nice setup so I got in it a little on the high side but was still able to capture $3,800 which was a nice big win. One of the bigger wins that I've had recently. So I'm happy with that.

You know, trading, trading off the news there, and getting a little scalp right off the scanners so you have to be quick on these. but that was a good one. So finishing the morning up: 5000 $119 Five trades, five winners out of six trades total. So accuracy is pretty good today.

and you know this now puts me in a good spot up around 6000 on the month it's two days in, you know? So now. Wednesday Thursday Friday As we get it further into the week now, I've started I'm gonna start to feel the wind on my back a little bit, you know I've got a little bit of a profit cushion I don't have to be, you know I Maybe can afford to take a little bit more risk if I do see something that looks good, you know, and that's where. I'm gonna start to feel pretty confident. All right, So that's about it for me.

I'm gonna wrap it up I'll be doing our Warrior Pro Mentor session today at 3 p.m. so that's coming up this afternoon for Warrior Pro students and everyone else. We'll see you guys first thing tomorrow morning back here in the chat room and hopefully we'll see a couple of good stocks on the scanner, but definitely feels like momentum is picking back up, which is awesome. Alright, so that's it.

I'll see you guys back in chat room tomorrow 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.