What's up everyone? Alright, so here we are: October 1st it's a new month starting. Fresh, clean slate. Whatever you did in September it's behind you, right? We all started this morning in the same place. Zero profit, zero loss on the month unless you were carrying over trades.

But for the most part as day traders, we all start in the same place. Now our job is to build the profit cushion. So here I am finishing the day up just about. Let's see if that goes into focus.

$819 not bad I'll take it Green is good so you know it's a good start. A little bit of a cushion that I'm that I'm building and you know I'm just gonna keep it going. We're still in the $500,000 a day type of market for me for my strategy. I'm looking forward to the big green days again that I was having like in the spring and a couple times during the summer.

but right now I'm just treading water. make it progress, growing the account slow and steady. That's the name of the game right? So right now you have an opportunity. Set your rules for the month of October Even if you had a bad start, you lost money today.

Don't worry. I've had a lot of months where I start with a big red day on the first day of the month, you're not the only one. All right, it's still your opportunity to reset. So make your rules for the month of October What are you gonna do this month to try to get yourself back into gear, Get yourself focused, get yourself profitable.

Alright, so enjoy the recap today. Any questions, any comments? leave them below and I'll come back through an answer later this afternoon. Alright, you guys, come on. All right everyone.

So we're gonna do our midday market recap. Go over the trades from this morning. So first day of October and I've got my calendar, it is all cleared out ready to start a new month. Monday October 1st up 800 $19.57 Today is the 177th trading day of the year, so let's see.

Um I didn't put these in my Excel doc just yet and I haven't updated. I've got to go and log on and get my broker statements for the month of September to see where everything finished, but you know this puts me still somewhere around. Let's see three hundred seventy-five thousand dollars of profit on the year, which is pretty good and about seven hundred and ten thousand dollars in the account. I start with $583 January 1st 2017.

So I've got two hundred and ninety thousand to go. You know, in in a hot market $290,000 You know it's like three months, four months and I had this big goal of crossing this finish line by the end of this year. So it would take me two years to take five hundred eighty three dollars and turn it into a million bucks. You know that the the bar is getting higher and higher and higher as I have these months that are sort of behind what I'm You know what I need to track.

So at this point I'm kind of pretty much you know I've accepted that it's not going to happen by the end of December If it does, it would be because I had a couple of absolutely crazy good days of trading and you never know I mean I I'm not gonna say never because really that you just don't know. There's times where in a week I've made a hundred thousand bucks so it could happen I I Don't envision it happening but you just never know. So in any case, I'm sitting with 290 thousand dollars between me and the million dollar line in the sand which is what I'm really, you know, got my eyes set on and really focusing on and I think it's probably gonna happen for me at the end of January February or maybe March the latest. so it'll probably be.

you know, maybe at the most six months from now again. it really depends on the market. If the market continues to be choppy, then you know at the rate of my progress in October or in September it would take a long time. but in, you know, based on how I did last fall last fourth corridor in first quarter.

if I do that again, I'll cross that line by the end of January so we'll see. You know, can't control you got trade the market you're in, not the market you want to be in. So today, taking the profit $119 not pushing my luck. You know Green is good I'm happy with that.

I'll close these up here for a second. So my two trades Le VB and Neon Alright, so Le VB was right off our scanners. So today, as usual, those of you who've just attended our workshop I'm gonna go here to historical date every single day. I Run this scan in the morning.

This is gonna show me the stocks in the market that are moving up the most in the pre-market trading session. So this is our top ten right? here. Neon is number one. You see I trade it at six hundred twelve bucks.

All right. Le VB is number one, two, three, four five six seven and I made $200 on that. Alright, so Lead and Gapper Neon. This one was a reverse split.

so they did a ten-to-one reverse split. That means yesterday on Friday the stock was 35 cents right around there. So if you were holding 10,000 shares on Friday at 35 cents this morning when you logged in, you'd see hey, I'm only holding a thousand shares. What the heck happened to my 9,000 other nine thousand? And then you realize, well, wait a second.

the price is at three dollars and 50 cents. So you still have the same amount of money in the stock is just the split. But what often happens is that because when a split happens, Le Vieux be still going up. When a split happens, it effectively decreases the float by that same multiple.

So the float that was 38 million shares, right? You had to change in those 10,000 for a thousand change. In those 38 million, you got 3.8 million left. So now it's a low flow of stock overnight. All right.

So suddenly the demand or the supply has dropped down and if demand does come in, it could move very quickly. And that's what we often see is that just the very fact that traders are aware of this pattern in the market, it just creates this reverse split setups. So reverse splits squeeze. That's kind of what we had on this one.

I was not as aggressive on it as I could have been. Some of you guys jumped in it like right down here. at $4 it goes. squeezes up.

It gets halted. at 370, it pops up, it dips down I did not get in at $4 I waited and got in at 443 right here. So I bought six thousand shares at 4:43 I'm stealing to pull back this order. so this was my trade right here or 440 actually 445 and for 47 because I got filled some of it coming out of the hall which usually I would cancel the order but on this one I left that order open because I really thought it had potential.

So I was like all right holding this. so in at 45 47 as it squeezes up here to a high of 75, that's where I booked my profits as it goes up. didn't hold that level but I jumped in before and after the second halt. so a little scalp there.

600 bucks, about ten cents on six thousand shares and then led B this was the second one that I traded wherever. it is down right here. six million share float gapping up pre market with some news. So I'm watching this one I take a scalp on it out of the gates.

In at 35 and 36 out at 39 As soon as I got in, I realized I bought from a hidden cellar I I press those 6,000 shares and boom boom I'm in and the stock doesn't even move I mean it's just there's volume going through, but it's not moving. that's how I know there's a hidden Celer So when I'm seeing the tape when I'm seeing lots of orders going through but the price is not breaking this level, that's when I know someone's trying to unload a position so that made me nervous. It then does pop up to 40 43 and I end up selling it it. whatever it was, it hits a high of 60 so it kind of went up without me there.

but you know it's that's what happens and of course pull back sideways and now you know making this breakout here late morning. So that was my trade on Led. Be a little scalp on that. Looking at the scanner, Sy N was our second leading gapper.

On the surface, you'd say looking at the scan, this looks really interesting. The price is good. fifty percent gap, three million share float, lots of volume pre market. The problem is that when you pull this out, you realize that that little bounce is in this context and that's a problem, right? So it made this big move on Friday came all the way back down and is now just kind of bouncing off the lows.

These usually fade back down and go lower. So I don't take trades on these types of bounces off the lows. so that one was off the list and be evey, you know I Still with 2.6 million shares of all you pre market. at this point I felt like it was getting extended and getting crowded.

It ends up doing a red to green move you know? which was pretty nice. Where's it Right here? Red to green move first. Camel make a new high six seventy four and his squeezes up to seven thirty. so you know that was a nice move.

But I just I was sort of watching neon and Le VB this one drops down pops up and I missed it I GC Also on the scans right here you see this one right here. Float on both of these is a little high or lots of volume pre-market This one also did a little red to green move but I just I just wasn't wasn't feeling it so little Papa there ended up working and the rest of these Oh Jen this one had some really big sellers out pre market wasn't super interested. aCST The pre market chart on the wasn't that great. it popped up and sold off so this is just downward consolidation.

Don't like that and that was the top 10 you know. I usually focus on the top 10 gap errs and I just didn't see anything that that really worked for me. This move on Tesla is so nasty for people that were short. I mean it is a it crushes on people that such ridiculous bounce.

So Tesla Settling the Sec suit over the weekend like it they announced it and then they settle it like the next day. Ultimate slap in the face to anyone who is short the stock or holding puts and god forbid someone had you know written call. I mean if someone had written the calls as a way of profiting expecting they would go to Zero. Gosh, this could be so bad.

but in any case, you know, not not in my wheelhouse to take that type of trade. so no trades there on Tesla ended up. you know, not really a lot of clean action anyways, so whatever. I was just kind of back to where it was by the dip I guess All right.

so that's really about it for me. You know a good green start to the month. Like I said this morning. every single one of us, you know as of this morning we were in the same place we were all breakeven on the month time to start building the cushion.

Gavin he's already left. he's out working in the main area now. He made I think about a hundred bucks today. just shy of his daily goal.

he traded for stocks green on all four so great job to him. He scalps some of the small caps neon I saw I talked to trade on that took a trade on IG see I don't think he traded le VB but I'd have to go double-check and so you know he's a sort of you know the beginning parts of his learning curve making some good progress which is what I love you know again Monday Meditation Take a few minutes when you're done trading today. The step back. take a breath, Be grateful for what you have.

You know everything. Everyone starts somewhere and we all have our daily goals, our weekly goals and everything else. We just gotta stay focused. Keep trying to grind through these these be markets knowing that we will get to the other side of them and we'll start seeing bigger and bigger moves.

He's trading with a couple hundred shares I Saw him holding 15 shares of Tesla on Friday So he's trading with small size of course. Tesla moves so fast that if he gets two points, it's 30 bucks and that's 30 percent of his daily goal and he can scale it right. so it's not a big deal on the small caps. I've seen them trade between 200 and 500 shares.

You know, 500 shares? you get 30 cents. Boom. You know it's a hundred fifty bucks. That's really good.

You know you get ten cents. It's 50 bucks. So he's usually trading with like two hundred to four hundred shares I think. But you know, slow and steady wins the race.

Alright, so anyways, that's it for me. I Will be back at it first thing tomorrow morning. So all of you guys hanging out on YouTube and Facebook feel free to go through some of the other videos. the other recaps, any questions, any comments, put them down below and I'll come back and answer them later this afternoon.

All right! I'll see you guys all first thing tomorrow morning. 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.