Alright guys, so let's do our midday market recap here. We are on the other side of that big snowstorm and today is Day 49 now I Want to mind you guys all that Friday of course is St. Patrick's Day and so we are hosting a St. Patrick's Day sale which is 30% off everything at Warrior Training So I'll put this up here so you guys can see it for those of you who are in the chatroom or watching on screen share.

So there you go. 30% off everything. Coupon code is Lucky 30 Alright guys, so if you're a current member like a current, let's say I'm currently currently a monthly member, you want to upgrade to the annual. You can upgrade and save 30 percent.

If you've been thinking about taking one of the classes then obviously this is also a great time to get started. So that coupon code is up on the website. Lucky 30 you guys can check it out. Now one of the things that I want to talk about today of course is my trading for the last couple days I seem to have fallen into a little bit of a rut and you know this has happened to me before.

It's part of trading. So one of the things for me is that you know part of being really transparent about taking you know $583 and turning it into a hundred thousand bucks is showing you the winners and the losers Now I am like still just so thankful that I crossed the hundred thousand dollar mark before I fell into this rut. just I mean it would have been so frustrating to hit like 99 thousand and then drop down. So fortunately I broke over a hundred.

so I hit my challenge. got to one hundred and one thousand. but now in the last four days I've had four red days and I don't know the last time I had four back-to-back red days. I mean it's been a really long time so you know.

Obviously this is a little disappointing and today was the worst of them all. I lost fifty nine hundred bucks, five thousand, nine hundred and sixteen dollars in the red. So you know what's going on here. and for those of you on a screen, share on Facebook live I'll show you the PNL there and I've got this one comment from our buddy Camel Rider who says it's part of the game.

You continue to inspire me thank you which I appreciate and you know we do get a lot of thumbs up when I post the losses because of the fact that you know this is being. This is me being transparent. It's very easy to show the winners. Lots of traders show the winners, but they don't show the losers because no one likes to talk about the losers.

You don't like to think about it. Having a day where you lose 3000 or 4000 or $6,000 is not necessarily. You know the type of day that you want to, you know show off to all your friends on Twitter or Facebook or that makes for really impressive marketing. But for me it's actually kind of the opposite because this is just another example of me being a transparent trader and showing you the ups and the downs.

so you know Yeah, we had a lot of really good ups between January 1st and day 44 which was a week ago today when I broke the hundred thousand dollar mark in that hot streak. I had multiple $10,000 days, I had a fifteen thousand dollar day and they even had a $22,000 day. So you know I The market has been really good to me so far this year, but having said that, I've I have fallen into a little bit of a rut the last four days and I do need to, kind of, you know, find a way to respond to that. So this is something that we definitely will be talking about as we get ready to launch our new round of Live Day Trade courses.

So again, this is something that I've mentioned a couple times, but we'll be starting a new round of Live Day Trading Courses I Believe we'll be starting on March 27th. That'll be class one of the of the New Day Trade Course. So for those of you who want to attend those courses live If you're a current warrior pro student, you'll of course have access. If you've been thinking about joining, this would be a great time And so during that class we're going to talk about one of the classes.

One of the chapters we'll be talking about how to handle fault what you do when you fall into a rut and how to get out of it. So this has always been my process. My process when I fall into a rut is to step back and to look at what's working and what's not working I mean it's really that simple and this is what's always saved me is having my metrics I track all of my trades in Excel and I of course also track them on trader View. Now although I'm not going to be able to import today's trade, it's a Trader View until tomorrow.

You know, at the end of the week, I'll be able to import these and I'll be able to kind of look at the big picture. So you know last week on Monday I made 5,600 on Tuesday I made 6,200 and on Wednesday I made eight thousand Eight hundred dollars. So in three days I made twenty grand. But then things kind of went flat and started to dip down and in the last four days I've lost fifteen thousand.

So you know yes, I'm still net green I'm still up about ten thousand on the month. But this is a little disappointing since I was up twenty five thousand. and now it's You know the month is how. almost halfway done and I'm only at ten thousand bucks.

So for me, that's well off what I did last month, which was sixty thousand dollars. Now maybe that'll be the best month I'll ever have in my careers trader and I'll just have to rest my hat on a sixty thousand dollar month. and for the foreseeable future, I'll be in the twenty thirty thousand dollar range and that would be fine. I'd be okay with that.

Twenty thirty thousand dollars a month is two hundred three hundred thousand dollars a year. So I have no problem with that. But obviously last month was just really good and I'd like to think it wasn't just you know a one-off that it's something that I will be able to repeat. So what's happened in the last couple days? Well, in the last couple days, what I've noticed is that I haven't seen the follow-through that I was expecting.

Now yesterday when I lost 22 2,600 I actually thought I was trading relatively well I really didn't have a problem with any of the trades I took yesterday. They were good setups, they just didn't work I positioned myself maybe a little too aggressively in terms of share size, but positioning myself aggressively is how I made $100,000 in 44 days. So that's nothing really that different. It just didn't work out today though, and a little bit the day before yesterday.

and the day before that, I was chasing one-minute setups and this has kind of been something that's hard for me to come to terms with the fact that sometimes when I chase a five-minute setup, it's absolutely you know or chase a 5 minute or 1 minute setup. It absolutely seems to be that that was the right thing to do. and I'll show you an example. I'll just put leave this here for you guys to see I'll show you an example so see er you today I had trader who said you know well I had trader who said look you treat used I see your P&L you stopped out of whatever it was even traded EVR I and I missed CER you and I said well you know Yes, In hindsight, you could certainly say that this one from 260 all the way up to 340.

So a big move. But where is the clean 5-minute setup there? There actually wasn't one, it just kind of squeezed. I Mean the only thing you could say is maybe a red degree move? Maybe you know you've got a little bit of a red to green move here, dip down and a break over to 50 and that got us up to three. So but if you missed that red to green move, you know then where was your entry.

And so when you look at the 1-minute chart you can see well, you know you had a little bit of a one minute pullback right around here at 9:49 and you had another one kind of right around here at 9:48 and another one here and another one here. And you know, maybe this was one of the cleanest ones at 10:06 So you started to get some cleaner pull backs. you know once it kind of opened up, but this all of these would have been chasing on a 5-minute extension, your extended on the 5-minute but on the one minute you know these would have been decent spots to get in. You know in this case trading the one-minute was really the only way to get a good profit on this.

By the time you got the five-minute setup where you got three candles, a pullback, and then the first candle to make a new high, it was already so extended that that got rejected. You know it didn't hold that level right, it just it popped up and then it dropped back down. So this is see, are you a trade? We're jumping in on the one-minute setup. you know was the right thing to do, especially if you missed that first red to green opportunity.

But then you look at Evey Il which I got in off the highe day scanner I jumped in this one sorry Evie RI it feels more evil Evie RI Let's see. Um there we go. I'm having a typo so this one you know I saw it starting to squeeze up and before I got in I checked to see is there a headline on this because I was like okay, wow, this thing just moved from you know, 350 up to four dollars. it's opening up on the daily chart.

55 million share flow. it's not super low flow, but it's clearly strong I checked the news and I see that there was a headline after hours so I was like okay, there's news, it's surging up I'm just gonna jump right in at the whole dollar of $4 now I was buying in really into an extension I mean it was just squeezing up and I bought I bought it at 4:00 it popped up to a high of 427 and then it pulled back here down to 380 you know and it was like uh, I go from being up 27 cents to down 20 cents, it pops here. back up - it pops here. back up to a high of 410, drops down to 373 I sort of I hold through this consolidation, give it a chance, it's holding at a 20 moving average but then obviously on this candle here I had to throw in the towel and I did I got stopped out with slippage and it came all the way down to 363 and I filled it 366 and I even accidentally went short and lost on the short as well because I was short at 66 which was the law of the pullback.

63 was the low, but I was short three cents above The low, Just so so frustrating. Um, so on this one. In hindsight, I should have waited for a 1-minute pullback. I jumped in at the whole dollar thinking that it was showing strength and it would continue to be strong and obviously it just rolled over.

Um, you know shortly after I got in I suppose I had an opportunity to sell here, but I was this was a very short pop. I was thinking it would hold that level and continue so you know that was that one. Kol I did try to do a red degree move on. you can see here.

First candle to make a new high was it 3:45 So I got in there 3:45 We popped up 247 and then dropped back down. So a relatively small loss on that a hundred and thirty four dollars. So you know today was one of those days where I just didn't get the follow through on that one trade that I took. it put me at my max loss and then I wasn't able to.

You know, continue trading. and for those of you on Facebook I'll be uploading this recap over to YouTube so you guys will be able to see it there and see the charts that I'm talking about and everything like that. I'll upload this a little later this afternoon. Okay, so again, you know this is one of those days where I'm in the red and so I think that you know when I sort of think about what am I doing right.

What am I doing wrong? You know if I look at my average losses this week they're twelve cents. So you know 12 cent losses this week? Well, what were my average losses last week? My average losses last week were let's see, did you do eight? Looks like eight cents? Yeah, sorry. it was actually 10 cents last week. So my average loss is the average loss that really hasn't changed that much.

So then what else? What's changed, What else has changed. Average success rate is only 33 percent so that's really bad. and my average profit is only 4 cents because this week I've only had one really good winner and it was only 10 cents which is horrible. I mean it's really, really horrible.

and I've had two trades that were either breakeven or just a to 2 cent winners. So my average winners are small and my average and my success rate is low right now. So what can I you know kind of draw out of that. Well, number one, I've been chasing one-minute setups.

maybe a little bit too much on and not yesterday, but but definitely on. EVR I EVR I was a one-minute setup that I chased cool was fine. It was acceptable. didn't work out a UXO was a trade that I took on Monday If we book, go back to that one on Monday Let's see this one.

I jumped into out of the gates and I think that I got in it too high similar to EVR I and I didn't wait for a clean one minute pullback before I got in I just I just sort of jumped in knowing it was strong and it had been strong on some of the previous days. So the the real and that was the same thing that happened on Friday when I lost on Sng X on Friday Sng X these are all stocks that I got in off the hide a scanner. but I didn't wait for a pullback before getting in I just as soon as I saw it hitting I jumped right in and and that in a strong market works just fine, but in a weak market it really doesn't work at all. So Sng X on Friday you can see this thing popped up to, you know, 288 and then came all the way back down.

So it was. It was not clean at all. All right, and that's kind of. So that's the big takeaway that I've noticed in the last four days that I've been jumping into 1-minute setups expecting to see continuation because that's certainly what we saw last month, the month before and these last four days we really haven't been seeing that.

what I have done is waited for some 5-minute setups and so let's see NV LS Yesterday I took a five-minute set up on this one. remember I said I didn't want to chase it I wanted to wait for the five minute setup I waited for the five minute set up. The first candle to make a new high was my entry on the five minute chart and we went from 344 to 347. We broke out by three cents and then we failed.

So that was a false breakout and I'll show you guys who are watching on Facebook live that right. there's a false breakout, you know it popped up. it broke the high by three cents and then it dropped back down and got rejected. So obviously that didn't work and that's kind of again.

where I looked at that set up and I felt like if I had gotten in on the 1-minute chart, I would have done better I waited for a five minute setup and you know I ended up getting getting stopped out and when you look at the 1-minute chart on N VLS I'll pull this back for you guys as well. You look at it and you realize that it didn't pull back once. I mean you can't see a pull back there. It just went basically straight up and then rolled over.

So here's the thing. the fear of missing out can sometimes encourage us to get into these trades when they're squeezing up because we don't want to miss the winner, right? We don't want to miss that opportunity. But obviously you know when they get to this point, if they don't pull back, they're not giving us a safe opportunity. They're not giving us the ability to manage our risk and so we really shouldn't take the trade.

So I would say waiting for a pullback is probably the most important thing. Jumping in when stocks are squeezing is risky. Being aggressive and taking risk is how I grew my account. and when you're in a strong market with really good follow-through which we certainly saw earlier this year, you can get away with that.

but it can also get you a little complacent and it can build in some bad habits because when the market becomes a little slower and a little more tricky, you have to adapt and I haven't been as quick to adapt. I've been kind of continuing to do the same thing and just sort of figuring well I'll keep doing the same thing I'll take some losses, but you know when it starts to turn then I'll just you know start moving moving back up but at the same time I can only go so long on a red streak before I have to just really make a change so you know this is sort of what I proposed for myself would be that I instead of buying at half dollars or whole dollars which is what I did on EVR I got in at the half dollar or I got into the whole dollar four dollars instead of buying half dollar or whole dollar entries For the time being, I'm going to wait for one minute or five minute pullbacks now. I will trade the one minute chart if we have a one-minute bull flag if we have a clean pullback, I'll trade the pullback whether it's on the one-minute or the five-minute and whether it's a bull flag or a flattop breakout. but I'm not going to buy into the extension because right now that's not working.

Um, you know, and obviously every trader needs to be able to adapt and to make some adjustments to their strategy. based on the way the market is. right now, the market is a little bit tricky I've given back some profit and it doesn't seem at least right now like it's bouncing back quickly. and I also know that Thursdays and Fridays are not my best day and here we are Wednesday tomorrow's Thursday you know then Friday So I'm gonna make this adjustment going into the end of the week.

This week is not going to be about finishing green. I'm down ten thousand on the week this week is going to be about really? I Mean it's just about breaking that cold streak and starting to get some some green trades under my belt and kind of rebuild that confidence. But you know, if there aren't good setups and there aren't clean setups, then maybe I just won't trade? I Mean it's better to not trade than to lose $5,000 Obviously, you know that's kind of the thing that I'll be looking at I still want to look at reversal trades when I see them? I'll take all again, trade the one minute and the five minute on those setups. But for momentum, I am going to just be a little bit more selective about what I'm willing to trade and that may mean I trade a little bit less and I don't think there's anything wrong with that.

I think that you know when you have strong markets, you put the pedal to the metal, you get aggressive, you stack up the profits, and then when the markets are slow, you got to ease back. and I haven't been as quick to ease back. And that's in part because of the fact that I've already had two times this year where I had to de red streaks where I lost I had this was back in in February that I lost 5,000 No, let's do what day was that? Yeah, I lost 4,000 on a Thursday and then 5,000 on the Friday bounced back on Monday with an $8,000 winner. So you know Yes, I had two big red days but I bounced right back, you know and that's happened twice this year that I had two big big red days and then I bounced right back.

So that's sort of why I thought after you know one red day well that's no big deal I'll just keep doing what I'm doing two red days all right. Well, not ideal. The third day I'll bounce back third red day, you know I was thinking today this: EVR I look good I would jump in four dollars target 425, 450 and you know we just keep kind of getting these quick rejections. So right now you know this is definitely a market that short sellers are gonna love.

You know they're going to be able to do pretty well because all of these spikes seem to get rejected. but remember, these are the same short sellers that you know. Last month we're complaining that these stocks were so irrationally strong. So the market is sometimes favors, one side sometimes favors the other, and we have these waves and these cycles.

So what for Momentum traders will probably bring about the next hot streak or the next really strong cycle will be a stock that goes 100 200, 300 % intraday. And anyone who shorts on these spikes who've gotten spoiled shorting all the spikes are gonna get that reminder. You know that Whoa, some of these stocks can be irrationally strong. So kind of the reminder that I'm getting to manage risk a little bit better they'll get next week.

So right now I'm kind of giving my money to the short sellers next. maybe next week, you know I'll be taking money from them and you know that's just sort of the way it is sometimes with these stocks. So you need two sides to every trade. and right now I seem to be on the wrong side.

But I'm just gonna step back a little bit reevaluate focus on buying pullback setups. stop at the low of the setup size down a little bit until I start to see cleaner follow-through and then once I kind of get my legs back underneath me and we start to see some. you know, some good momentum, you know, then pedal to the metal and I'll be, you know, pushing back up. So yes, this is a little bit of a setback here the last four days.

Again, glad that I was able to break $100,000 before this setback. so at least I did achieve my goal. Really just barely got over the line. but hey, you finished the race, you finished the race.

But trading is not about this short-term sprint. it's really a marathon and so yeah. I got the sprint done and and now it's just kind of time to settle back into the long haul of things. And that just means you know, grinding and and working on building up those profits.

So sizing down for right now. So if I have a fifth red day or a sixth red day I don't go red on the month I'm still up ten thousand on the month, you know I mean I could afford to walk away for a couple of days and just kind of reset. but I think instead I'll just keep trading but size down. So I'm kind of as I'm getting closer to sort of my bare minimum on the month I'm starting to feel like whoa I got a I'm kind of like running out of cushion to just continue to throw trades out there I need to start being a lot more selective.

So again, any time I have fallen into a rut in the past, this is what I've done: I've stepped back I've looked at my analytics I've looked at my metrics, my strategy, what's working, what's not working, and in the last few days what has not been working has been chasing one-minute setups on half dollars and whole dollars. Even even good 5-minute setups have not been working well. So regardless of the setup, size is coming down. But the setups that have been working better have been.

and this is just in the last week or two have been the one-minute or five-minute pullback. So the Clean Bull Flags The clean flattop breakouts whether it's on a one-minute or a five-minute time frame, but those are essentially pull back opportunities where it's easier to manage risk. All right. So that's what I would suggest you guys do if you ever fall into a little bit of a hot.

Stora You come off a hot streak and fall into a little bit of a cold streak. Step back. look at your metrics, look at what's working. what's not working for me.

Probably the biggest issue is accuracy is low because the chasing these setups hasn't been panning out. And number two: I'm not seeing the big winners now. I Might not see the big winners regardless of how of what I'm trading right now because the market is just slow. but I can minimize those big draw downs by reducing size.

All right. So that's where we're at today. Day 49 Still $100,000 challenge. And you know, like I said, just kind of settling in.

Now for trading through. You know, through the rest of the year and working towards building up this account. you know as much as I can. So and again, reminder guys: obviously Friday is St.

Patrick's Day So we've got the lucky 30 30 percent off coupon code going. So for those of you who are current members and you want to upgrade to a quarterly or annual subscription, you can upgrade to the annual subscription I Think it's six hundred and twenty dollars and that gives you a year of access to the chat room. So it's like $50 a month, which is obviously ridiculously low. so that would get you into the annual chat room.

You've been thinking about joining one of the class classes. You want to focus on education understanding. You know my strategy in all of its details. Then this obviously is a great time to get set up there.

We will be doing live classes starting on March 27th so I'll be teaching the classes live and that'll be every day for about two and a half three weeks so you guys will be able to sit in and watch me teach those live classes which will be a lot of fun. and I've been spending a lot of time rebuilding and kind of updating the current curriculum you know, sort of for all of the you know the things that I've learned in the last a few months trading. So the new course book right now is looking like it's eight hundred and eight pages and I'll be excited to start teaching you guys that in about two weeks. All right, so they'll be more info on that coming soon.

but just so you guys know for anyone that was thinking about getting set up during the St.. Patrick's Day sales. Okay guys, so that's it for now and I will see you all first thing tomorrow morning. Okay, thanks guys! let's be honest, if you made it this far, you must have really enjoyed that video.

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