What's up everyone? All right? So what is this brick and my day have in common? They're both red. Another red day. Well, first right day for the month of September But I've been in a little bit of a little bit of a lull, a little bit of a slow patch here for the last I don't know a month or so. August was tough start of the month here with green on Tuesday green on Wednesday green on Thursday Buddy making a lot of money down twelve hundred bucks today, so you know it's kind of like two steps forward.

One step back, we're still in that market. we're not seeing big opportunities. Fortunately, today I went to two trades I did not over trade I didn't overstay my welcome and again, that's kind of that that higher level of emotional composure where instead of saying I need to close today green and then aggressively trying to find the next trade in the next trade, I'm just saying nope, that's it for me I'm walking away. so I'm happy with that and guess what? I'm on my way down to Orlando Florida All next week we'll be in Florida for our Inner Circle seminar.

I'm super excited about it. so I'll do a bunch of recaps down from there of course. And in the meantime, and you guys watching the recap today got questions? comments? leave them below and I'll answer later. All right.

Enjoy! All right everyone, So um, we're gonna do a second midday market recap. I did a first one earlier on Facebook and usually I record these, but the recording got the file got corrupted. So I am going to record a second recap and will upload this to YouTube in just a few minutes. Okay, so the trades from today I finished the day down 1200 bucks.

Little disappointing there. but you know what I'm really happy about here is that I I followed the rules. You know I'm not below my max loss which is $2,000 I didn't take more than I don't have more than three red trades in a row, you know I had to read trades and then I said, you know what I'm gonna take my cue and I'm gonna walk away I'm not gonna over trade I'm not gonna revenge trade and try to make it back I'm just gonna take it for what it is a small red day and know that you know, but keeping the loss is small, it's easy to bounce back from them. So the biggest loss of the month now? 937 dollars.

Which means my average losers on the month are are probably less than 500 bucks because I've only had three losers I had a fifty five dollar loser. Well, we can add it right up here. we've got 55 plus 300 plus 937 and so divided by three is four hundred thirty dollars. I think those are the only three red trades I've had this month so average losers 430 bucks and of course I have $2,000 winner yesterday.

So I think I probably have a pretty good profit loss ratio right now at this point in the month. but yes, it is still a red day. So this morning I didn't see anything on the Gap scanner that looked good I mean the Gap scanner was seriously dead I mean there was just nothing that looked decent and then Envy us was on there gapping up 30% floats a little higher. it was already selling off pre market, wasn't that interested in it.

This was weakness to me so I didn't want to trade that. so I left it alone and that was really the only thing on the scanner. So this was one of those days where I started with nothing that I was really watching. but I said I'm gonna keep a close eye on the high edema my scanner and so I'm watching the high name almost scanner I see Envy us hitting it nothing there eighty excess higher float G EMP hits it 207 I take a peek at it but it's not moving very quickly.

It pops up to a high of 222 and then dropped back down. You know it ended up going higher later in the morning, but again, not necessarily the cleanest. Kind of like a little sluggish, up up and then down and up and then kind of down. So and now maybe I could have made a little on that, but you know, didn't trade it and then see HCI hits the scans, pull it up and you know it basically just popped and then faded.

So I don't know where that volume came from but didn't hold that level so that was nothing and so that was basically you know what we were looking at. it's past 10:00 a.m. I still haven't taken a trade and then I see on the reversal scanner CRT oh right here and I look at it I see the RSI is at 6. it has ten consecutive red candles so I'm like ok, this clearly has some some potential.

CRT Oh there we go. So on this one and I had the right idea but wasn't at the right time I got in it right here. Alright so on this one I was like we've got one, two, three, four, five, six red candles in a row, seven eight nine I mean this thing is just. it's looking like it's just ready to bounce and we've got the doji at the bottom.

So I was like you know what? this actually looks good I look at the level too and I saw that it was flagging under $22 and so as I started to see some volume come in I was like you know what I'm gonna punch it I punch it right here at 22 and I bought 2,000 shares I started kind of small with 2,000 shares you know, not super aggressive and it I see more volume coming in and so I I used my hotkey to punch it again. 3000 shares. Now I've got 5,000 shares about $20 stock. It's like 110 thousand dollars in this trade and it pops up to 203 and then it flushes down to 251 sorry 21:57 and so I'm like you know suddenly down to thousand bucks and I was like you know what? this is why I don't trade these stocks is so annoying.

Well it pops right back up and I end up getting out with a $300 loss so you know, whatever you know it ended up dropping down again, flushing down here to 21 40 and then curling back up towards 23. So I mean it did end up reversing but you know I couldn't afford to just keep holding it and holding it. Exposure risk was too high so I cut the loss. Fortunately, it bounced back up I was able to minimize it I never like to panic out of a trade when something's flushing.

even if this had suddenly dropped to $21 I wouldn't have sold until the first pop back up because sometimes they pop all the way back up to your entry. now other times they pop up just a little bit. but you can almost always minimize the damage versus selling into a flush. So I never like to be in a flush but I always try to sell on the first pop coming out of it and so on.

This one I was able to unwind the position through here in kind of small pieces. Unfortunately it was sort of hard to unwind it because 5,000 shares of this stock and it was just not a very thick market it was I was like selling in pieces and finally getting out. So then I'm done with that trade and meanwhile I see GEVO spiking up and it hits the scanner high Damos scanner right here and I see it go from for 390 up to 430 and I'm like hmm that's interesting I'm a little not sure about it. you know it's kind of.

you know I don't know I'll give it a chance I'll watch it and what does it do? It breaks out of this bull flag. to the upside, it pops up to 445 and I'm watching it's flag under 445 I'm thinking about it I don't take the trade, it pops up to 466 and then I'm like, you know what? Okay, I'm gonna take a stab on this I get in right here. at 57 it pops up to 60 I'm up three cents and then it drops right here. back down to 40 on this one Again, where's my stop? It's the low of the last pullback which is right here 43.

I stopped out at 41 I lose 900 bucks which is disappointing but that was the right stop. It then drops back down here another 20 cents. So absolutely did the right thing here. This is the right exit.

This isn't the type that I'm willing to just hold and hold on. This has a line in the sand and I really don't want to hold if it goes below it. So you know today's a day where I took two trades. commissions aren't going to be that high, just kind of not seeing a lot of momentum in the market.

So I'm taking my cue and I'm walking away. One of the things I said during the midday. recap that: I record on Facebook I have this koi pond in my backyard I Don't know if I have any good pictures of it here, but you know. In any case, I've got this koi pond and yeah, I made I made a little video I'll go fullscreen for a second here and play this video for you.

All right. So that's the only press play. Okay, all the fish swimming around. that's a cold market.

that's a hot market. all right. So what we have here is all the little fish are feeding. And because I threw some food in.

and what happens with this little fish pond is that when I throw in some fish food, you know at first they're kind of like they're not sure, they're not sure and then one comes out, takes a little bite, and then the others see them and then all of a sudden they're all out there and then they're eating as much as they can. They're just gobbling up all the food and then they see a shadow and they all scatter. They go into the rocks, they're gone, They're out of here. and then one starts to get brave and come back and then the other see them.

and then they're all eating again, eating, getting, and they're gone. And that's what the markets like It's we have this feeding frenzy, especially in small caps where stocks are going crazy. stocks are getting halted on circuit breakers left and right, just taking off, and then you get one where it's a secondary offering in the middle of the day. or maybe you get a teach, you know, a halt pending SEC investigation.

It's like everyone get nervous and goes away, and then slowly you start to see one come back, another come back. and traders get more and more exciting. and then it happens really quick. It's like feeding frenzy and then fear.

and then feeding frenzy and fear. And so if you learn these kind of, you know these patterns in the market. It's human behavior, what's going on, and this is fish behavior. But human behavior is what we have in the market.

and it's You know, the fear and the greed. So right now, we're definitely in a period. It's not necessarily fear, but it's just sort of cautious. It's just sort of sitting on the sidelines I Can tell you I'm not trading with fifteen twenty thousand shares and neither are tons of other traders.

I mean you see anecdotally people in the chat room on Twitter Whatever. Oh, it's a slow market. Not a lot of action when market picks back up and all those thousands of traders start amping up their size and getting more aggressive. That means more Buying more buying means bigger breakouts, more you know, circuit breaker halts more extreme moves and so we will see it right now.

We're still kind of in this a little bit of a grind and you know I'm gonna leave on Sunday for Orlando I'll be down there for our Inner Circle seminar that we're hosting all next week which is going to be a lot of fun and I'd love to have some really great trading opportunities and just to show off you know the the strategy and everything like that. but if it's a slow week then it'll be an opportunity to show off discipline and self-control which is something that we also really need to, you know, practice. So anyways, you know that's it for me Finishing the week in the green I'm happy with that. Three three.

Green Day's one red day this week. That's fine so we'll be back at it first thing on Monday Morning Live from Orlando and I'll see all of you guys there. Alright hope you guys have a great weekend and I'll see you back on Monday 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.