What's up everyone? Alright, so here we are finishing: Friday Another green day for green days in a row. $10,000 in the last four days and that is a great way to finish the week. I'm gonna break it all down in today's midday market recap and remember any questions. Any comments, leave them below and I'll come back and answer them later this weekend.

All right. I'll see you guys on Monday Alright everyone, so we're gonna start going over the trades from this morning. I'm finishing the day here up 2087 dollars and 36 cents. Not bad.

So that's the fourth Green Day in a row and it puts me up about ten thousand dollars across the last four days. I am still down about three thousand dollars on the month, but this is a really good step in the right direction and you know a couple more green days next week and I'll be back into the green and you know can start to focus on. you know the task at hand which is trying to salvage some profit out of the month of August August Historically has been a difficult month for me. It's not going to be the first month that I struggled a little bit or the first time I've had an August That was a little bit of a struggle, so part of it is a little seasonal here.

We're kind of. You know, in the slow summer months, trading can be a little bit more subdued. We don't see as much volatility, not as many buyers. That means the breakouts are not as big and not as sustained.

And you know that means if you try to swing for the fences. If you try to get aggressive more often than not, you're gonna get stopped out and you're gonna take losses. So I've been keeping with my 6,000 share max size today and I was happy with that I under my Lightspeed trading size settings I kept my selves at my warned, kept myself at my warning of 6,001 share. So no size bigger than 6,000 and you know to make $2,000 with 6,000 shares is is good I think that's pretty solid.

So Awx is the big mover today. This one when I first saw it on the scans I was like I don't think I'm gonna want to trade this Awx, You know it made this huge move. whatever a couple weeks ago and now I feel like it's just I don't know I just don't think it's worth trading. What's really interesting is that it has more volume today than it had on any of those days during the move.

and I think what that says is that there's a lot of traders who missed the move who decide to trade it today. You know, kind of a little bit of FOMO and stuff like that. So it attracted a lot more retail traders and and it's gonna by the end of the day probably be above 20 million shares of volume. so it's gonna be really high volume.

But here's the thing. this is gapping up on earnings that were posted after hours last night on Thursday squeezed up to a high of 487 It was on our Gap scanner so this morning I said all right guys, let's look at the Gap scanner. historical time we're gonna run this for 9:15 a.m. I said all right look what our leading gapper is Aw actually we had East Esea as a gapper, but that one had very light volume so I didn't trade that one.

hey WX up 60% with 1 million shares of volume. This is a stock we're definitely gonna be watching. and I said I have a bias to buy this on a break the pre market high for a long so the break of the pre market highest there at 87 85 The bell rings and the first thing I did was punch the Buy button to buy six thousand shares at four dollars and ninety cents. I ended up selling it pretty quickly because it kind of looked like there was a hidden cellar there and I was a little nervous about getting in at 490 because it had just dropped to 450.

All right. so I popped from 450 up to 490 I felt like I was getting in a little on the high side so when I started to see a little bit of resistance I started selling more at 98 a little bit and then I guess the rest of 98 and then I added back at 516 519 selling at 524 533 and just like that within two minutes I was up $1,000 on the day. So what I did was I just traded this move here from 490 up to the high of about five dollars and 40 cents. Right here we hit 568 and then we started to pull back a little bit.

so on this one we had this pullback and on the one-minute chart you can see that this looks decent for a pop-up here, but on the five-minute chart I thought at that point that because we had this shooting star red doji candle that it was too weak and I wouldn't be able to buy it in this area and I was wrong. It ended up squeezing up here from 540 all the way up to six dollars and 67 cents. I mean it put it in a nice big move so you know I ended up not getting in and not making anything on that. which is why I think I could have done a little better on it.

but you know in any case, $2,000 is a great day. 1700 of it came from Awx and I can feel I could feel pretty good about that. So you know at this point when it was consolidating up here I said nope I don't want to trade it. it's too far above the 9 moving average.

it's above the 20 moving average I'm not interested. And then it had sweet things and then it ended up selling off and you can see now it's actually going low of day. so this I mean opportunity on the front and the back side of the move. It really is not holding up well at all, so it looks like it's gonna probably close the day red and I'll be happy that it took my profit you know, way up here when I finally bailed out so you know a nice winner there and then carved carv This is the other one that I jumped into a big move yesterday.

in the afternoon. you can see this squeeze from four dollars up to almost eight dollars nearly 100% yesterday and as I was watching it during the classes, I knew that there was no catalyst. but it was. It was moving quickly and it was certainly tempting.

So this morning I was watching it to see if it would break over 640. it didn't. It sold off out of the gates and then it did the green move where this first candle was red and then the second candle started to pop up and so that's where I jumped in right here for the red to green move. popped up to a high of six dollars and 40 cents I sold at 624 and then I stopped out the rest as it came back down and I made three hundred and fifty four dollars on twenty eight hundred shares so wasn't a big trade.

It didn't end up working out super well, but you know Green is good. So with that I said you know what guys, it's 9:55 or something like that. I'm gonna throw in the towel Green is good. This is a great way to finish the week.

There's nothing better than finishing Friday with a couple of green trades. So I'm not gonna push my luck and then take the money and you know, hit the road. Be done with it. So that's the plan here and I still have a little ways to go to get myself out of the hole, but I should be able to do it hopefully on Monday or Tuesday if we have some decent trading and get back to you know, green on the month and then see if I can make I haven't know ten twenty thousand dollars this month last August I made only about five or six thousand dollars.

So realistically, anything more than that is a year-over-year improvement which would be great. and if I can get I guess closer to twenty thousand, that would be terrific, but it really does depend on the market. I mean it's This is one of those things where if August continues to be slow, I'll have to continue to trade with small size which means the winners will be smaller. but you know what? two thousand dollars a day if I can grind on these types of numbers and avoid taking any losses, any big big losses, I'll be in great shape.

You know, twenty thousand dollars a day even if I hit that only three days a week or two thousand dollars day. even if I hit that only three days a week, that's six thousand a week. You know that allows for maybe a small green day. A small red day six times four is twenty four thousand.

You know that's twenty four thousand dollars a month. So I can definitely grind on these types of numbers. The big thing is just keeping the stops tight. So I did have one loser today on a WX I got in it I actually got faked out I got in it at 5:15 Let's see, where was it? Oh no, it was yeah.

I was 5:15 I was in it here holding for this break over the highs and it dropped down and I stopped out at five and then it surged back up and I just got back in at five forty. So I lost $200 on the loser and then got right back in and ended up making 600 on the next trade. So I kept the lost tight. My kind of rule of thumb this week has been like 30 cent max loss if it's down more than 30 cents.

I got a bail and I've done a good job following that rule, so keep it going next week. I Still have my rules for the month of August here on this piece of paper. Rule Number one: Shut off the monitor after your recap so you don't get tempted into FOMO Number two: $2,000 max loss on the day the max loss is set up with my broker. number three.

If I have three read trades in a row, shut it down. Number four: Tight stops 30 cent max loss. These are the rules that will keep me going right. This is a market where this is a career where it's survive till you thrive and keeping these rules in place is what's gonna help keep me afloat during what may be a chappy month and a little bit of a slow period.

But that's okay. So if we take a quick look here at my Trader View stats, someone asked me a question about my trades. so these stats are not updated for the month of August yet these are as of well I Can go year-to-date whatever, but these are as of the end of July so you can see July you know I had a couple couple red days. not too bad.

August For sure got off to a rough start, but if we look at the overall the detailed, this is over the course year-to-date 68% accuracy. Alright so my accuracy is 68% It's kind of. It's almost crazy to me how if I take this out and just go this is over the course of 2,600 trades my accuracy is 69. I Mean this is like it is over a huge period of historical data.

That is my number. You know it's 68 69 percent on gross doing net profit. which means trades that were like a five-dollar winner. but we're actually loser after commissions.

my accuracy is 66 percent, 67 percent, so 67 68 percent. That's really, you know where I'm at. and then when we look at the average winners and the average losers. My average winners over the last several years.

Nine hundred and seventy dollars average losers 896. So I'm very close to a one to one profit loss ratio and I know that what I can do to become a better trader is is tighten up the losses. You know the largest gain here. $12,000 loser.

If I look at let's see by instrument the stocks that have lost the most money on this stock queue. Um, you I lost $13,000 this one 10,000 Ize a HTTP X 10,000 I mean all of these are big losses right there. You're looking like $75,000 in losers. So if I could get better at just bailing out quickly, that for me, it could be the difference between you know, making whatever nine hundred thousand dollars and making 1.5 million If I can tighten up these losers.

having the winners be bigger is hard because I can't control how strong the markets gonna be. but I can control how long I'm gonna hold a loser and it's something that I struggle with. You know in the in the heat of the moment when you get into a trade and you're in with ten thousand shares and five seconds later you're down three thousand bucks? You can just have that deer-in-the-headlights where you don't make the right decision and training yourself to bail out quickly to recognize those exit indicators and get out of the trade is so important and ultimately you got to get good at it with small size and then condition yourself so that when you finally get to trading eight or ten thousand shares, you don't react differently because there's more money on the line and your emotions are higher. You've conditioned yourself so you're feeling the same way as you felt a year and a half ago when you were trading.

You know 5,000 shares so that that for me is the big one trying to tighten up those losers and then my profit loss ratio will improve and even if my accuracy stays exactly the same, that's fine. This is great accuracy. I've got no problem there. This is my issue.

It's that my average losers are bigger than I'd like them to be. and of course they get drawn down. When you have one or two $12,000 losses, those are brutal. So on Awx today one loss 200 bucks and the rest were green.

So that's a solid day. And I think we you know kind of called the top on this pretty well by walking away instead of trying to push for another trade up here around 650 670 I Feel good about that and I'm just happy to finish the week with a green trade I Finished last week with I think it was, you know, like three red days or two red days in a row And so this is just a much nicer way to end the week here. All right? So I hope you guys all have an awesome weekend! All of you who are in the Warrior Pro class. We've got live classes starting in about an hour at noon time.

Those of you guys who want to sit side by side with me and trade, you can do it in Orlando Florida in September All right, come join us for the Inner Circle seminar. It's gonna be a lot of fun. Still got a few tickets left and you'll be able to really sit side by side with me while we're trading. Well, trade together.

Hopefully we'll make some money and we'll have a couple of good days. It'll be a lot of fun either way, you'll get to watch me trade. You get to learn a ton about trading. Meet a bunch of other traders, attend the the the keynote speeches, meet some guys from Ben Zynga and Lightspeed and Taz market profile and you know, meet the whole team at Warrior Trading down in Orlando so that's coming up in September Would love to have you guys join us and we'll have to meet you guys face to face so that's coming up soon.

and I think Mike can probably post the link here in the chatroom for you guys. Alright, so that's it for me and I'll be back at it first thing Monday morning I Hope you guys have an awesome weekend! Alright I'll see you all on Monday Oh hey I didn't see you there while I was just working on the dream board for my next run trade. Hopefully it comes soon. Until then, make sure you subscribe to get email alerts anytime I Go live or upload new videos.

Until then, happy surfing!.