All right everyone. So today is time for episode 10 of Behind The Trades. We've taken a little summer hiatus from the Behind the Trade series I think the last episode we did was in June and things have just been so crazy. You've got so much going on here the Warrior Trading office that I had not gotten a chance to do another one.

so I wanted to bring Behind the Trades back into circulation here as we're getting into the fall in the winter and just put it on the calendar and get it done. So today's episode episode tenant Behind the Trades is the topic today is the importance of being able to reset. Now as many of you know, I had a red month in September and it was my second red month of the year. My first red month of the year was in April.

so April I finished the month down about $4,000 and that was pretty disappointing for me because it was the first red month and well over a year. Almost a year and a half of trading, so I was definitely a little concerned about what was going on at the end of April I decided to get focused going into the month of May and I put myself into trade or rehab. Many of you guys remember this: I said that I wouldn't be allowed to trade more than 2500 shares, I had to stay really focused on baseheads and consistency and I ended up finishing the month of May with I think it was 16 or 17 thousand dollars of profit, which was a pretty good rebound All in all, so finishing September down about $4,000 again I had to step back and ask myself what I did wrong and what I'm gonna do differently for the month of October Alright, so I want to walk you through my process for resetting so I'm gonna do that here in just one second. But why don't we? first, just take a big-picture look at my year.

So here we are on: November 2nd 2017 I Started the year with 500 $83 $583 my account and as of today, I'm at a hundred and seventy-six thousand, six hundred, Forty Six dollars, and Fifty one cents. I'm not even gonna do the percentage gain math on that because it's just absurd. and really, it doesn't matter because that percentage gain that I was able to achieve with five hundred dollars I wouldn't be able to repeat it with fifty thousand dollars because I can't scale my position sizes in equal increments. You know if I was gonna do it with ten, that with fifty thousand dollars I would have had to have been trading with probably like a hundred and fifty thousand share positions.

And obviously I'm not in a place where I would feel emotionally comfortable doing that. But even financially, a lot of these small cap stocks wouldn't be able to sustain 150,000 shares going in and out that quickly. so there is certainly a limit to the scalability of my current strategy. Last year, I was at two hundred and twenty-two thousand dollars.

So you know this year I'll finish the year probably in the 200s and I think that maybe close to the ceiling I think that if I had more consistently in Green Day's that were three to four thousand dollars, I could maybe put together a half a million dollar a year with my existing strategy if I just was a little more aggressive on share size. but I wouldn't be able to make ten million dollars day trading personally. and I'm not saying that it's not impossible some can, but it's just a little outside the the strategy that I trade. So in any case, that was my and I'll put up get my pointer going here.

so that was my starting balance at the beginning of the year on January first and I'm at one hundred and seventy-six thousand dollars right now. All things considered, pretty good. So my goal for all of you guys is to teach you this strategy today. I'm up five thousand one hundred sixty eight dollars and you know this is what you guys are wanting to learn.

How is Ross making two hundred plus thousand dollars a year day trading for one hour a day? That's what you want to learn and that's what I want to teach you guys. So again, big picture accuracy. In the last 30 days, 82% 82% of my trades have been winners. Profit loss ratio: 13 cent winners versus 10 cent losers.

So that's a one-point 301 profit loss ratio which is not too bad. I am on today my 24th consecutive Green Day it's November 2nd I Haven't had a red day since September So 24 consecutive green days in a row. My personal record is 56 consecutive green days in a row I am certainly going to try to beat that on this hot streak. but I'm not totally confident that I will be that I'll be able to do it.

but I'm definitely going to go for it. so that certainly feeling really confident right now with with my trading and that is very different from how I felt about six weeks ago at the end of September Ok, so the lessons and the topics for today: the importance of being able to reset. Now we all have bad days, bad weeks, bad months. This is the reality of trading.

Therefore, since it's the reality of trading, we need to be able to reset, refocus, and ultimately rebuild today. I'm going to show you the techniques I used to reset after I finished September in the red. Many of you guys have experienced this. a bad sure bad bad day, bad week, bad month, even bad year, and you need to be able to reset.

Success requires that you follow the rules of the market. Now, one of the things that's very frustrating is that for the most part, we're all at a disadvantage as retail traders because nobody really teaches you the rules. You don't learn the rules of trading or the rules of the market in school. There's not a lot of books that talk about it, so you kind of have to figure it out on your own.

Now you guys are at an advantage because I will teach you the rules of the market. I'll teach you the rules, but then it's your job to follow them. So you need to create goals for yourself and then create mechanisms to keep you disciplined. To keep you following the rules and discipline is one of the areas where I've had some trouble and we'll talk about that when we look at my month of September.

All right. So here we go. These are the September metrics September 2017 and even if you guys are watching this on YouTube six months from now or a year from now, it really, you know this is timeless information because if I have a red month in 2018 or 2019, I'll have to do the same thing I did here today and or in the end of September and early. October So my total gain on the month was a loss of $4,200 That meant my average daily loss was $200 per day.

My biggest winner was $3,700 and my biggest loser was nearly $7,000 In my opinion. Completely unacceptable. Average winning Trade: $577 Average Loser: One thousand, eight hundred and thirty seven dollars. How is that sustainable? That's a that's a one-two-three profit loss ratio, right? I mean that's that Really is just not impressive at all.

My accuracy was 73 percent and this goes to show that even with 73 percent accuracy, you will not make money if you don't know how to manage your risk or if you choose not to manage your risk for whatever reason. All right. So this is what my month looked like and the metric the Stat or the site that I use for tracking these metrics is called Trader View I Like using this site right now, it's the best tool that I've found there. You know, again, a year from now there may be other tools out there, but right now this is good.

My favorite tool. So what I'm able to do is import using the import button all of my trades from my broker. So I import my trades and then I can filter and I can look at the entire year or just just months of the year. So right now we're looking at the month of September I just showed you the the detailed report.

this is gross I'm gonna show you net after commissions and that's the - $4,200 Alright, so you can see performance by day of the week, bad on Monday Tuesday and Wednesday cumulative and then green on Thursday and Friday performance by hour of the day I mean it's it's hard to get really good metrics on a short period of time because yes, I lost money at the 9:00 a.m. spot. but we don't know if that's exactly why that is. and if you looked at my metrics over a longer period, you would see it's a little different.

I Can look at the price and volume and see the performance by price under $2 I made some money and over $10 I made some money, but the typical go-to price range for me ended up being losers. Distribution of trades by price. Most of my trades were between $2 and $10 as you can see right here, although I definitely had some that were above 10. And yes, Trader View does have a free tier, but there it's I Think it's $49 a month for me.

So again, you know when you look at these metrics on sort of a shorter time frame, it can be a little bit more difficult to, you know, truly estimate or understand what you did right or wrong. You can see my biggest loss was on Ize A actually I'm gonna cancel that so I ze AF snn was the second, al DX was the third. my OS was the fourth PYD s which is actually the one that I made $4,000 on. today was the fifth.

So and then you know so on. From there you can also see interestingly a KTX $4,000 was a the stock I made some good money on here a RDM Ro k u NL N K S Rax So some familiar stocks on here that you guys probably remember from the last month. The interesting thing here is that usually I do well on stocks that have very high relative volume. This month, that particular month of September I just didn't do as well.

So when I look over at I'm gonna go to overview and then look at the calendar and I think this is what's kind of interesting. I had one, two, three, four, five, six red days Six red days for the month of September You know which obviously is just not acceptable and you can see here. I Started the month with two big red days. I was down $8,000 on the month In the first two days, I made back a teeny amount and then I went further into the red.

So as of this day which was September 13th, I was down about $12,000 on the month and I was thinking what what am I gonna do what is going on This is ridiculous you can see. cumulative was down twelve thousand, four hundred and thirteen dollars and then I started to get focused I brought it back together, had a couple of good green days. had a nice solid stretch here. one two three, four, five, six, seven green days I got myself back up into green on the month up six thousand dollars and I was feeling really good on this day.

And then this was a Friday and on Monday I lost seven thousand dollars I mean I just I just I Don't know if I I thought well I made seven thousand yesterday so I can afford to lose it today if I end up getting too aggressive. but I got way too aggressive and I gave it all back and then the last seven thousand dollars again on the next day. two days in a row all of a sudden back down into the red and then I just slowly made my way back into the green. But this is not a very pretty month for me.

I really pushed it I got too aggressive. So what were the lessons that I learned from September and again, everyone from time to time is going to have these. You know, these bad months. So the September lessons I was swinging for the fences I was trying to hit home Ron's and what I did on a lot of these days is I left money on the table because I was green on a trade I was up 500 or 600 dollars but instead of taking the profit I'd end up holding it until it went to break-even and then holding it as it went into the red deeper and deeper and deeper, taking larger share size and then getting sloppy with my exits.

This was a big problem because I went on the two days that I was down seven thousand I went in with full-size ten thousand shares and I just got slammed back down I mean it just the stocks dropped 40 50 cents in a heartbeat and boom I'm down for five grand I went in with too much share size and then I didn't respect my max loss and I wasn't content with making $500 a day I was trying to make five thousand a day instead. But the reality is if I had made just simply five hundred dollars a day through all of September I wouldn't finish the month green instead of red. so swinging for the fences trying to hit home runs ended up costing me a lot because I closed them on thread. So I set some goals for myself for the month of October and this was me realizing that I needed to reset.

So for October I said, you know I basically need to put myself back into trade or rehab I need to get focused I said I need to focus on base hits because if I make $500 a day, I'll do better than I did in September Forget the homerun mentality, just push it out of my mind and I think one of the reasons I've had homerun mentalities. My best day of the year is $22,000 in profit I took five hundred eighty three dollars and turned it into a hundred K in 44 days and that makes this last, you know I mean I guess I'm on track to maybe make a hundred K in 44 days since I'm on day 24 and I've made you know $40,000 But realistically, the beginning of the year was extremely good for me. Had a great beginning of the of the year and I started getting frustrated in April and then again through the summer when I wasn't getting home runs. and like Chuck is saying right now in the chat room 500 a day times 252 trading days is a hundred twenty-six thousand dollars a year and that's that's a great income I mean it really is.

but I wasn't content with that. Five hundred dollars a day in September So for October I said I need to focus on baseheads I need to focus on just making five hundred a day because if I finish October with five hundred a day, I'll finish the month with ten thousand dollars and I'll be pretty happy with that. So that meant that each morning I needed to meditate and get focused before trading. so to take even just two minutes to sit down and meditate now I like using the headspace app that's on my iPhone but if I don't want to use that or I don't have time I just sit close my eyes, take a few deep breaths even if it's only for two minutes just to slow down right just to catch my breath, get focused, clear my mind and I usually do it either right around 9:00 a.m.

or right before the bell. in the last few weeks I've tried and been trying to kind of walk you guys through that moment of taking a deep breath right before the bell so meditate each morning. and part of this of really getting focused was that I wanted to eat healthy and not have any really like sugary sugary foods right before, right before I start trading. Just eat healthy and you know, have whatever a handful of nuts or something like that.

I just don't wanna have a sugar crash at 9:45 when I'm about to. you know, take the next train. So eat healthy, Sleep well, get well rested, wake up early enough so I have time to really prepare my morning. So I'm not rushed and then meditate.

so this is all part of me getting focused. so I can be in the right headspace mind to trade and then the third. start with smaller size to avoid and being in with ten or fifteen thousand shares and then be a deer in the headlights as the stock is tanking. So start with smaller size, have a better, better sense of the type of market we're having on any particular day, and really just be more present.

Number four: Try to just simply be green every day, even if it's only ten dollars now. I Know saying trying to be green every day for an entire month is a pretty big challenge in a lot of ways. I this is October was the first month in 2017 that I didn't have a single red day, but you know, as as you can see, that focus on consistency paid off really well. so I stayed focused, small gains and if some days turned into big gains and that was certainly great and then focus on consistency which is really tied in with number four.

So I wrote these down as my goals for October I Also said that my biggest my max loss would be $1,000 if I was down more than $1,000 on a day. I wouldn't keep trading if I was down more than $1,000 on the trade I would just market order out of it and for the most part I was pretty good at that. So let's look at how implementing these five steps right here helped me for the month of October in October I made thirty five thousand, five hundred, seventy three dollars I didn't have a single red day. My accuracy was up to eighty one percent, which was really solid.

My average winning trade went from five hundred dollars all the way up to eight hundred, which was good, but even even better was that my average loser went from eighteen hundred dollars down to seven hundred and seventy two. I shaved over a thousand dollars off my average loser and they had thirteen losing trades. So a thousand dollars times 13 losing trades $13,000 I saved myself I literally put an extra $13,000 in my pocket by cutting my losses faster now I did have one bigger loss $2,700 but my biggest winner was 6300. so it shows you that switch where this was the opposite for the month of September where my Biggest Loser was twice the size of my biggest winner.

So I switched it around and this ended up being a much much better month. You can also see that I focused on quicker trades 5-minute average time, eight minute average time for losers I was in quickly and out quickly. One of the things that I talked about earlier this week is my risk tolerance: I'm actually very risk adverse I don't like taking a lot of risks, certainly not with my money I feel that the money that I've made is hard-earned and I don't want to lose it and so that might sound kind of strange since I'm a day trader, but I actually in a lot of ways feel much more comfortable with day trading than I do investing in individual stocks for long periods of time or even the overall market with day trading I feel like I've got a lot of control so my strategy, which is based on momentum, is getting in stocks at the point that I feel is the apex point the price that you know. I've got a 90% 95% confidence rating that it will go up if I get in there and then as soon as I'm up I start to take profit And because I have such high confidence and my accuracy is really good and because I take profit when I am up even if it's only 10 or 15 cents, my accuracy is really high and that of course builds my confidence.

So I minimize my risk by taking really short trades, getting in and quickly getting out, and then doing it again and again and again. Now that's a little different from the way other traders in our community trade: Mike he's oh, he holds trades longer and he's willing to risk 4000 for the potential to make 20,000 and I understand that that profit loss ratio makes sense. but I don't want to risk that I don't want to risk I Honestly, if you said Ross you can risk $4,000 to make $20,000 and you got to put the four thousand dollars on the table. If you said I had a 50% chance of being right I probably wouldn't want to take the trade because I don't want to lose the four thousand.

if you said I've got a 75% chance of being right I'd probably say I only want to risk 2000 I would just want to reduce the risk as much as possible because I know there's a good chance that I'll be wrong with my current strategy with my accuracy at 82% I Feel confident taking those risks and but even even so, my average risk is only $700 per trade. So you know it's just the way that I trade. it's I Just don't feel comfortable taking a lot of risk. and so again, Mike has a different strategy.

Jeff Here's a swing trading strategy. so he's holding these stocks overnight and obviously in some of these risking 5,000 to make 10 or 15,000 and all three of us are profitable. It's just, you know, it just depends on your risk tolerance. All right.

So anyways, let's look at the month here of October in trader view. So the month of October put this up 10:30 through 10:31 All right, start it actually very slow. first day of the month I only made a hundred, only made fifty seven dollars actually after commissions so started really small and then slowly building up. Six hundred thirteen hundred, nine hundred big days here.

a day that was very small I Had to be very careful after that big green day because what happened after the big green day I had in September I lost the whole thing so I was very careful on that next day and then continued. Strong, strong, strong. So this is what the equity curve looked like. just nice and steady moving up.

So obviously you know. For this month it's kind of hard when you look at the you know the behavior. I mean we can look at the the biggest loss DF FN + y ou s O PT t SP CB A NY So those are the ones I lost on DRI o AC H Vc l NT Kasi those were some of the ones I made money on. but if we try to look at you know price and volume and stuff like that, well obviously for the most part it's all gonna be green because I was Green for the entire month, right? So again, this doesn't help me a lot.

It's more helpful when I back out and I say well, how did things look from you know let's say the beginning of the year let's say 1 & 1 and I haven't imported my trades here for November yet. So this is - November's profits which is about five five thousand five hundred. All right. So now we're looking at the entire year and now this is 626 trades or looking at the big picture 69 percent accuracy.

Overall, unfortunately my profit loss ratio is negative. It certainly didn't help having a month like September I've got a excuse me work to rebuild that biggest win 10 Grand Biggest Loser Seven One Seven Seven thousand One Hundred dollars. So we can see here the majority of my profits are in stocks between $2 and $5 Not surprisingly, the profits are when I trade more volume. 20,000 shares is getting in getting out.

it's not just one position, it's the cumulative volume I made the most money on stocks that had in trade price ranges of more than a dollar. That's a big in trade price range, right? That means the stock went from like 350 to 450 so those were obviously the ones I did really well on days and times made the most money on Mondays made the most money between 9:00 and 10:00 a.m. obviously between 9:30 and 10:00 Since I don't trade pre market, you can see my two Redmon 4,200 in April and 4200 in September. So all things considered, these months don't represent incredibly concerning drawdown When you look at my overall equity curve, they are pullbacks, but they're not dramatic.

They're not beyond my risk tolerance. but of course I would prefer that I was green on these months instead of red so you can see big big push $60,000 in February from this one account I made another ten thousand my other account So great month of February great month of March and then these sort of. this sort of period here was really slow and I was kind of trying to swing for the fences. Getting frustrated I wasn't having big wins like I had at the beginning of a year and then as a result, you know, kind of losing my focus.

So refocus for October Great month and I'm looking forward hopefully to having a strong month in November and a strong month of December and finishing the year in really good shape. All right. So that's sort of the big picture of my statistics and again showing you and kind of walking you through the tips that are the techniques that I applied to help myself reset all right now I Want to answer a couple of questions that you guys might have I've got three questions that were submitted this week, so I'll answer those and then if there's other questions from those of you in chat, I can answer those as well. Okay so first question, this is from Jason and he asked how do I set up stop orders for my trades and Anthony caps only for tickers Alright, so let's see how do I set up stop words So Jason it's good question and one of the things that I do is and this is for better or for worse I use mental stops.

So this is kind of an area where I question whether or not that's the right decision today. I'll scroll over. This is my P&L for today $5,000 but what I typically do is I use a mental stop. So that means if I'm getting in at 3:37 right here I'm gonna tell myself my max loss is 325 now.

Obviously, if I set an actual stop once that max loss hits, I will be out of the trade which is the benefit of using an actual stop order using a mental stop if it goes to 325 and I keep holding it, I'll just keep losing more and more money and I've certainly done that on more than one occasion. So one of the things that I did in light speed is I went to custom orders, go over here custom orders and I put a couple of stop orders out. so let me create a new one. show you how you do it so you can say stop order here, create new command and oh actually let me switch to we're gonna do a different type.

we're gonna do a custom order, create new command, stop - let's say 15 cents. So the market I'm going to use is stop I'm going to use through is 15 like that. so 15 cents through the bid and then the tear would be my full position all right or I can do quantity and close out but I believe I use I'll double check the other one. Actually let's use closeout and we'll use full position so this would set a stop on the full position down 15 cents.

It's gonna be a sell order right here. no confirmation window. So let's say map key now and now I can choose which key I press to make that 15 cents stop go through and as soon as I get into a trade I can press let's say control T instead of 15 cent stop and now I have a live stop on the order and if it drops 15 cents the stop is going to fire and I'm out of the trade now. I Think that there's a lot of benefits to doing that because you don't have to worry about deer-in-the-headlights You don't have to worry about staring at a stock dropping more and more and more and more.

You do have the times where stocks drop 20 cents and then pop it right back up and you have to remember that you will get slippage. So if it drops really fast you might lose more than 15 cents. you might lose 20 or 21 cents and so you know that can obviously be an issue and so for that reason I prefer not to use stops and instead I just use mental orders but mental stop orders. but again I'm not sure I what I'd probably have to do is go through a long period where instead of using mental stops I just used live stops and then at the end of it a be test basically compare how did that perform, how did I perform against when I was using mental stops and the times when I got stopped out and went right back up did they cost me more than the times where it saves me because I stopped out and then it dropped a whole lot more.

For a beginner trader who's having trouble maintaining discipline, live stops are definitely a good idea. but once you are a more experienced trader and you have the confidence that you can actually follow the rules and have the discipline to respect your you know 10 cent or 15 cent stop, then you may be able to move into a place where you use just mental stops all right, so just wanted to walk you through that again. I'm a big advocate of you need to have a max loss on every trade. If you can't follow it by pressing the sell button, then you have to delegate that responsibility to your broker.

All right. So that was question number one, question number two from Onder's and I don't know if that was Anders or Onder's but let's say on Ders with a hard-on he asked show how I pick from the hi, add a scanner I hide a momentum scanner. All right. So let me just pull this scanner up so the hide a momentum scanner did you? did you - there it is.

Okay Hi day Momo scanner. So when I see a stock hit the high a day momentum scanner. the first thing I look at is the color of the alert. All right.

So this is a scanner that I've customized and it's these settings are available only to our warrior pro students so you can see. This has several strategies 2, 4, 6, 8, 10 unique strategies that are part of the scanner. So I can see by strategy name what the strategy is that's creating the alert. Each one of these rows is an alert.

so this says massive Volume medium flow. This has medium volume medium flow. So massive Volume medium float is interesting. But the ones I really like our massive volume and low float.

These are the ones that can move very quickly, high volume and low flow. Okay, they get the ones in yellow are the ones that capture my attention and the column here. the percentage change from the close. the stock was up 69% from the close.

All right. So that's up a lot. and this is magenta. to really capture my attention.

You can see that Py IDs is actually hitting at that moment. Three different scanners. It's hitting massive volume low float. It's hitting up 8% in the last 10 minutes and it's hitting the daily breakout scanner.

So that's a stock that I should probably be watching. Of course, I did. and that's why I'm up 4044 dollars on him. So let me show you the chart.

So when PYD s first hit the scans this morning, we already had it on watch because it was on our Gap scanner. so it was gapping up pre-market That means it was going to be opening higher than it closed yesterday, and although it did not have a fresh catalyst such as news, it did have the benefit of a daily no daily resistance. so a lot potential. So the bell rings and immediately it spikes up here to a high of 313.

See that spike there to 313 When it spiked up to 313, it hit our scanners. So let's go back here. Hit the scanners at 294, 312 and 310 right there. So I saw it on the scanners although it was already on my watch list.

I was already aware of the stock I saw it on the scanners and then I knew I wanted to get in and I'll show you the exact entry so it hits the scanner. if I'm already familiar with the stock I'm obviously gonna be really quick to jump in it. a stock that hits the scanner like P I Well, this is actually dropping 8% It's not actually a high of de stock, it's just a very volatile stock. So this one I'm not familiar with so I might be a little slower to look at it.

It's a $21 stock this one here n CT Why It's a medium float at 48 million shares and these ones don't usually move quite as fast as low float stocks. so just instinctively I know that these ones don't perform as well, so the colors really help me a lot. But anyways, PYD s let's change this back to a 10 second chart 10 seconds. Alright, so we're gonna look at a 10 second chart on this just because I want you to see that little micro pullback that I saw.

Alright, so scroll back, scroll back, scroll back. All right. So let's go back a little further. Did you just use a lot of scrolling when you're looking at ten-second candles? Okay, so this was the first pop right here up to 90.

We then popped up to 13 and right here we drop down at 13 and as we popped back up, that's where I jumped in. You can see here: 25,000 shares of volume I got in that and I was actually half the volume because I got 10,000 shares, 10,000 shares at 10, 12 12 and 13, 10, 12, 13 and 13. So in with 10,000 shares because I knew this was a strong stock and boom up it goes all the way up to 360. That's 5,000 dollars of profit I held some of it through this consolidation, adding back, etc.

In total, you know walked away with $4,000 profit, which was really, really solid. So that so that's basically my process. if I see a stock hit the scanner and it's in yellow I'm gonna look at it quickly if I'm not familiar with the stock, these obviously PYD s is all over the scanners. This morning, we can look at another one that came up on the scanner that I didn't trade.

Ize A alright I pulled this one up I saw for 25. It was also on her watchlist for a possible trade because it was gapping up continuation and so I pull up the scanner I'm watching it I'm gonna switch this back to 1-minute chart I pull up the chart I'm watching it and on this one I iced by the time I saw It was on this candle here that hit up to 435 I Didn't see it here and so at this point I said okay well this is the high a day and I'll wait for a little pullback. then it ended up dropping all the way back down to here so it didn't give me an opportunity to take a trade. Ok so again, the colors here.

the colors horizontally are based on the scanner, the actual scanner that that is being fired and I'm gonna remove. Well I am gonna remove the down 80% scans this this window, the horizontal or the vertical columns here. colored float. The yellow is high value green - light, green - white.

white is basically I don't even care about it again here. yellow is high. Magenta is like critical to really check that. that's a lot of volume in the last five minutes.

so that's the way those are colored. All right. So let's scroll up here. Ize A on the scans see Psh.

So right away I look at it and I know it's around a dollar. And what do we know from my metrics what stocks do I make the most money on? Now if you guys know your metrics, you'll know this about yourself. I Know that I make the most money on stocks that are between $2 and $4 Under two is not really my specialty. It's not really where I do as well.

Okay, so under under $2 and definitely under a dollar 50 I'm gonna be a little bit careful I look at it I see it pops up and drops back down. There's nothing there I see it hitting the 200 moving average on the daily chart? That's resistance, so there's nothing to trade there. so that's their hive. HIV II It's medium float, so the float being a little higher.

not my favorite, you know I end up seeing it, but just thinking it doesn't look particularly interesting. It's got the resistance also near the 200 moving average on the daily chart. So this is pretty much my process. Sec.

Oh, this is another one. It hits the scanner. it's in yellow I look at it. This one I was actually tempted to get into it, pops up to 8:20 on that candle and then drops all the way down to 781 and I felt like that was too much of a drop.

so at that point I said oh well, it dropped too much. So I'm not gonna trade it all right? So Unders. Hopefully that answers your question or gives you a good sense of it. I Do cover this in a lot more detail.

As part of Class eight of the The Warrior Pro Trading course, right now, it's class 8 anyways. I mean sometimes we add new classes, but we have a class that's dedicated to using the scanners and learning how to write your own codes. Your scanner codes okay. and then a third question: I'll answer Anthony's question about wiring profits out now I've only taken out profits from this account once this year I took out about seventy thousand dollars I just wired out 70 grand and I just I just took that money out and put it into long-term investments so that money is now reinvested in the SP 500.

So SP why I put that in in April after I had that big drop or when I went red in April So that money went in when the market was around 235 markets up at 256 right now so that that money that seven seventy thousand is up about 10% Granted, that's only seven thousand dollars in like ten months or not. Ten months, Seven months, six months. but I didn't have to do anything I just put it away and now it's in long term so so that's fine. I'll do that occasionally take money out, but you know I don't I don't really take out money on a regular basis right now for my trading account, it's just I just let it roll over or I'll take it out at the end of the year to pay for taxes and stuff like that.

All right. So anyway, so that's what's up with the long term accounts. but again, this is totally you know. it's whatever you want.

When I was a beginner trader and once I was just starting to turn profits I would take money out regularly. I mean I would take it out to pay myself. you know, to pay my bills and all that stuff. Over the years have built out my investments both in the market in real estate rental properties they have and I no longer depend on the income from day trading exclusively.

So I can let that money roll over and grow. and ultimately I think that's a goal for every single one of us is to build out as many sources of income as you can because that's what creates long-term self-sufficiency you know I know John he's working on. he's got a couple side businesses John Elton Who's a moderator in the chat room? He's got his real estate. He's got a couple other businesses and that's you know.

That also helps supplement if you do have a bad month in real estate like this month. I have to put in a new boiler and one of my houses and that's gonna cost seventy five hundred bucks so you know that's that's a little bit of a hit and whatever. Got to do it. So that's this month and you know that's fine.

it's just part of the deal. It's one of those things you just have to do so. Same with trading though. You might have a month where you're read on trading and then you've got another month where.

And in that same month, Maybe you had a really good month with one of your other sources of revenue. So it's it's knowing that the average millionaire has seven or eight separate streams of revenue and you're not dependent on just one, you know. So whatever it is, and we've all got our areas of expertise. You guys obviously you know wanting to learn more about trading? I'm happy to teach you.

If you're really good at I don't know really good at math, you become a math coach. You know it's your side hustle. It's how you make a little extra money and if it's what you love to do, you're gonna be good at it. so you know you should focus on it.

So for me, trading is what I love doing and so it's what I do. whether it's you know, building, warrior trading. so I can teach as many students you know as I can how to be successful traders. So I can build you know trading simulators to help you guys be more profitable.

I mean I Love trading. This is my thing. but for some of you guys, trading might be just what you do to pay your bills and what you really love is fixing up cars. And so if this gives you enough money to buy cars, fix them up, and then resell them, then hey, do it for an hour a day and let that be some extra cash flow to go towards doing what you really love it's it's you know, Whatever you love.

and I really believe if you are. If you are passionate about what you're doing, you're going to be successful. So you know For me, it really is the market and you know for you guys, it may be something different. It may also be the market You this may be your passion also.

and it has been certainly for Mike and John and Roberto and Sam And you know that's why they've become part of the team helping teach you guys how to be successful traders as well. So you know Anyway, it's just food for thought there. But so let's see. So I answered a couple questions and let me just flip back to our slides.

All right. So Dududu! So you guys can of course be part of the show. You can submit questions on Warrior Trading comm slash show Love for you guys to follow on youtube. Follow the podcast every time I do a midday recap every time I do a Behind the Trades episode.

You guys can listen to it on your phone so we're on the App Store in the iTunes We've got our podcast there, so check us out a Facebook YouTube the podcast and I definitely add questions or comments and we will answer them as soon as we see them. Alright everybody. So again, this was a a little bit of a long hiatus between this episode in our last episode of Behind the Trades, but I Hope you guys enjoyed it and we're gonna have another episode coming next week! Where: I Talk about the November Challenge The November challenge to make $100,000 All right, so that's coming in the next episode of Behind the Tree. Oh hey, I didn't see you there while I was just working on the dream board for my next home 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.