Alright guys, so time for a midday market recap. We're going to go over the trades for the day and kind of break down what has been the best day of the year. This is also the best trading day I've had in over a year. I'm up between my two accounts fifteen thousand, Nine Hundred and Ninety Six dollars and Eighty seven cents which is pretty ridiculous on my share trader account.

I'm up seven thousand four hundred and Ninety Nine dollars and 18 cents, which is a 50% gain for my starting balance this morning of fourteen thousand, Six Hundred and Forty Seven dollars. So that means in this one day I've been able to boost my account, you know, and tomorrow I'll open right around $22,000 and I'm only three thousand dollars away from my first target, which is 25 thousand. This also puts me up fifty five thousand dollars this month. Blowing my best month of the year from last year out of the water, which was thirty Four thousand Five hundred.

So you know, adding an extra twenty thousand dollars on top of what had already been a great month when I hit thirty five thousand is just fantastic. So you know how did it happen? How did I choose our GSC How did this unfold? Let's kind of break it down because I know that these traits happen very quickly and this is one of the things as a trader. As an active trader, as a day trader, we are focused on very short-term quick opportunities in the market. Sometimes these can be as short as a minute long, other times they're As long, as 10 20, 30 minutes, or even hours.

But for the most part, I'm looking for quick opportunities. Someone asked me today whether or not before I started trading I was I was a risk adverse or if I was a risk taker. and it's an interesting question because the answer is that I was very afraid of risk I was very afraid of losing money in the market and so the way I handled that was to take very high levels of risk for short periods of time. The shorter the period of time, the better I felt more comfortable doing that than to take a small level of risk over a period of an hour.

So I was never good at taking a trade and holding it for three or four hours because I just felt so uncomfortable knowing I had this you know, outstanding position, this exposure, and that's what really got me into the strategy being a very, very quick trader looking for quick opportunities and that's really what I've always done. So, even though I am really risk adverse in a lot of ways, I will end up taking a lot of risk, but just for very short periods of time and it's obviously this month worked out incredibly well. So the trade and our GSC you know this morning my watchlist is looking pretty weak I didn't have anything on my watch list that I was excited about I really didn't I thought today was just going to be like a bad day and this is the problem with for me, the pressure of doing this challenge in such a public way where you guys are watching me every day. I mean we had 1,700 people in the chat room today watching me trading and so you know the pressures on it's manifesting itself in some interesting ways.

Yesterday as I was getting ready to trim my beard I started thinking well maybe the beard is luck and I shouldn't trim the beard at all and so I got scared after I started trimming it that maybe I was going to have a red day today because I had changed something. So this morning I was like good luck and luck good luck, good luck, good luck, good luck you know just try to like Okay let's just pull this together. you can do it and I know I felt the same way last week when I was like picking out my outfit for Monday morning I was like off maybe I should wear the same thing I wore on Friday because I had such a great day on Friday I don't want to change anything and this is me trying to control what I can control and not being totally okay with the fact that this challenge is you know is up to the the market in a lot of ways. It's is the market going to give me opportunities to profit and you know the answer has been yes, but I can't control that the opportunities are either there or they're not there and I will have read days I've been really fortunate and again knock on wood.

you know, superstitious. I've been fortunate that I've gone now nineteen days and I've had 19 consecutive green days. I have had some red trades in there but I've been able to close each day green. The smallest green day was when I made just forty seven dollars.

That was two weeks ago or a week and a half ago. So I have had a couple of days that were close calls and where I went into the red that I was able to bounce back. but you know I I do get a little nervous and this is stressful because I kind of you know have made this a very you know public challenge that everyone knows that I'm doing this and I really want so badly to achieve my goal and my first gold and I knew I needed to achieve was $25,000 and if I had left it at that and I just said well I'm gonna hit 25,000 and the mess. the goal you know that says you know that would be fine and I guess I would probably be there hopefully in another week if not sooner.

But then I decided to one-up myself and say I want to get to a hundred grand and you know, So now I'm 20 to 22 percent of the way there, which isn't bad considering I'm only 19 days into this challenge I think that I intend to hit $100,000 this year certainly by the end of the year and I think that I could I could do that sooner, but you know it'll depend on the market conditions if the market gets choppy. If we get into a period of a couple of weeks where I'm only making a couple hundred dollars a day, that's definitely going to slow things down. And that happened last year will probably happen at some point this year. And so the challenge for me when I face that that shift in the market is to be mindful is to see that the market is slowing down and rather than trying to force trades, be comfortable saying you know what guys I know you all want to trade today I don't see anything to trade and this is a day where I'm just going to not touch the keys.

It's hard to do that. It takes a lot of discipline, but you know that same discipline is what will allow you to make $55,000 on a good month like this month and then on the slow month. Maybe I'll only make three or four thousand, but you know what? I had that good month to tide me over last year. My biggest months of the year was just under 35,000 and my worst month was somewhere around four thousand.

You know that's a pretty big you know big difference between hitting 35,000 and being up only 4,000 I think May was my slowest month and then in June I came back and hit 35,000 So you know that's kind of the the interesting thing that you know you take what the market is willing to give you. You can't force it, you can't fight it, You just have to trade smart. So as I said today, I really didn't have anything I was super excited about I thought it was going to be a slow day. the Gap scanners didn't have much of anything.

I'll show them to here. so as I was making my watchlist this morning, we'll go do historical data on this. We'll look at the scans at Nine Nine Ten is fine. So we had Colic Cala this is our leading gap or gapping up 32 percent and I said, you know what I don't like it because it's part of the five cent tick pilot program meaning it's always going to trade in these five cent increments as you can see right here and I think it's going to be just too difficult to trade.

so I ended up passing on that even though it did give us a couple of opportunities. Surprisingly cleaner than than I've seen any of these five Cent ticks trade. I just avoided it. so maybe I missed a little something there, but not too much.

IG This 16.7 million share flow gapping up 24 percent I Was nervous because of where we were opening relative to the 200 moving average and you can see how he broke through that level and then came right back down below it. So we kind of had this false break. Having said that, on this 5-minute candle, we went from two dollars to 220 and I heard someone in the chat room say hey, I got in with 4,000 shares and I scalped 20 cents I'm up a hundred bucks for the day and that's a great trade. This right here was an opportunity.

an opportunity to get in at the whole dollar, get in it to sell it to 2218 and make that quick 20 cents. And really, anyone could have done that because it was on the Gap scanner because it opened just below the whole dollar. Getting in for that scalp, take the quick profit and get out of the way and that's in the first five minutes of the day. It's very realistic that you can hit your daily goal in the first five minutes.

If you find the right setup, it's just a matter of you know, getting the right one. so that was IG C Bay This is a cheaper stock I Wasn't too interested in this one. Let's see es yes, this one I wasn't super interested in either because I knew it was going to be fairly choppy. it would obviously came right up to the 200 moving average again.

and yesterday we had a big move on Friday and then we kind of started to recover in the afternoon. ended up moving up after hours in premarket. Again, you could have gotten in this at 172 or 170, scalped it up to 190. 20 cents on 4,000 shares.

There's 800 bucks there. So now this is. these are two opportunities where you see the same pattern. So when I talk about my trading strategy: I'm trading patterns and this is what I see so often.

these stocks start surging up in the first few minutes. And you know what? Sometimes they roll over both a Ye-es and IG rolled over. but doesn't mean there were not for tuna tees to capitalize on that whipsaw on that volatility. Whether you're a long biased trader trying to go long on the squeeze or short bias trying to, you know, trade the pullback.

Now for those of you watching on, Facebook I'll give you the tour here. There's seven thousand, four hundred, ninety nine dollars in my share trader account of 50 percent and here's eight thousand, four hundred and Forty Six dollars in my main account, which is started with 54,000 this morning. So I'll open tomorrow around sixty Two thousand Sixty Three thousand. All right.

So I traded two accounts because my shirt radar account is my small account and I'm limited on my position size. Where is my speed trader account I've got more money in it so I can be more aggressive and I'm trading a different strategy trading where I buy and I hold I try to hold for a longer period of time with a bigger position and I've got a bigger cushion. So if I do get stopped out, it's not going to hurt me and it's not going to hurt the challenge. So by the time the bell was ringing I didn't have anything on the on my watch list here even though I G and E SES worked out okay I just wasn't that interested in them I didn't think either of them were really going to be that great.

And then you know with the 1,700 traders in the room, someone said hey, check out our GS see it's moving up and I said okay, you know what I remember two things as soon as someone said I remember two things: One, our GFC recently did a reverse split and number two, our GSC is a former runner. Now if we look at this day back in, October this stock went from $2 to $8 over the course of two days. That is a parabolic move that is homerun potential. So when I realized on the daily chart that yesterday was a doji candle at the low of a sell-off and that today we were squeezing up and making a new high I realized that that was a very significant point where we could see potentially the type of follow-through that we saw last time because this is the thing.

history repeats itself. So here's the first candle making a new high. So right here this is the low that was the high. First Kalyan make a new high and we had room.

you know all the way up to seven. I mean we had some issue with these moving averages but we did last time as well and just surged right through them. So our GSC guess there was a Seeking Alpha article today and plus the reverse split which I knew was happening I didn't know when it was but when I saw that it was opening at, you know it was well when I first saw I pulled it up and we were at 450 and I said okay, you know what this looks like. Some of the other reverse splits we've seem like GEVO and you know GBS n they do the reverse split they start to squeeze up, traders jump on it and I said I'm not going to miss this opportunity I press the order.

six thousand shares along in my shirt trader town at 450 so I got it at 450 with 6,000 shares. I also added in my speed Trader account at 4:50 and at $5 which gave me 10,000 shares with a 475 average so you know was I chasing it I was was I buying the stock Hi Yes I Buy these stocks hi intending to sell them higher and that's a higher risk strategy. Some say buy low sell high and that works me. When your swing trading and in the sense that is what we were doing on the daily chart, we were buying it low on the daily chart as it was starting to open up with the intention that this would be the first candle to make a new high and that we would get that big move.

and so immediately you know hitting the high today scanners volume is coming into it and it goes from 450 up to 475 up to $5 and up to 460 567. Now through this push to 567 we got a little bit of a pullback right here. the high was 567 and I said ok guys the first candle to make a new high I'm going to add and I added 5,000 shares right here at 4:00 at 5:50 we popped up to 567 all live to 585 and I was thinking this might go to 6 and maybe it'll open up even more. It ended up pulling back, turning around and so I stopped out I stopped out of my speed Trader position in the 5.

let's see I stopped out 568, 575, 550, 545, 535 and 518 I stopped out of sure Trader 575, 72 and 537 and 5. let's see 567. So stopping out and in my my Speed Trader account you know I made almost a full point I Mean it was a really impressive move from my 475 entry all the way up to a high of 585. So it's always nice when there's an opportunity to capture a full point on a small cap.

and our GSC was the right type of stock. Being a history of being, it's being a former runner having the reverse bullet, having some headlines, having the buzz, and today we've got 2.9 million shares of volume, so not as much volume as we might like. But and that was a little bit of problems that spreads were bigger. I did my best to sell on the ask to sell into strength, but I wasn't able to do that the whole time.

Alright, so in any case, you know I ended up capitalizing on those two trades in a period of let's see one, two, three, four, five minutes, six minutes made almost $16,000 So that's a very short term opportunity in the market. That's a, you know, a point where a stock went up you know, 50 percent from the previous day or whatever it was. and if you were there at the right place, at the right time, you could have capitalized on it and you know if you missed it, you missed it. And the thing with this stock is it was not short able I couldn't short it in Speed Trader I couldn't short it in Short Trader.

Now when these stocks are easily sortable, when lots and lots of people have shares available short, it can actually make it more likely that they go parabolic because people will short these spikes. And when they pull back and they consolidate and flag and then they start moving back up, traders who shorted early will start covering those positions and their buyers. They're buying to cover. Plus you have buyers like myself that are long biased and now you have amplified the amount of buying and you have an imbalance between the buyers and the sellers.

And that's when the next leg goes to $6 650 and 675. Interestingly, these stocks have not been as easy to shore, so we haven't had those early short sellers taking kind of emotional positions. The people who are shorting it are people that have accounts either with interactive brokers or some of the other places that have high minimums and you know, are really for only for people that are have a good amount of money and have been doing this for a while. Which means they're going to be more likely to make smarter decisions not being emotional or impulsive.

So you can see here, this is one of the stocks that went up and came back down like Es Es. kind of like F Fhl the other day, kind of like we saw on Ma GS today as well. So what we're not seeing in the market is really sustained follow-through where a stock is strong in the morning, continues into lunch and continues into the afternoon and then opens even higher the next day. That's what we're kind of not seeing that.

that multi-day momentum, you know? we certainly saw it G lbs not so much. I Mean we saw it a little bit through here last week, but it wasn't easy to trade we saw during this initial move when Dr. Ys was moving, but we're kind of in between truly parabolic stocks and although our GSC had a really good move I wouldn't say it was complete, it wasn't really necessarily parabolic I Mean it was, but it didn't sustain. It's not a multi-day move, so that's kind of.

You know. Something that we're dealing with right now is short opportunities and waiting for that one that does go to 650 675 and then that could be a day where I make you know is to 15,000 maybe 20,000 I mean I can have a really incredible day, but we need to have that sustained momentum and possibly a stock. You know that meets all of our criteria, but that is easier to short. We'll have some of those early short sellers getting into it and then they'll be the ones that cover it.

It starts to squeeze and go for that second that second push. So right now we haven't been seeing that and the smartest thing that we can do is is sit tight and wait. Now the other challenge is that because these stocks aren't giving us clean five-minute pull backs, if we're dependent on trading a five-minute pattern, we're not seeing them and that means you have to be a little bit more aggressive. And my entry at 4:50 was aggressive.

It was aggressive and was a little risky, but you know it was risk reward and it was knowing that when these stocks are opening up, they're not giving us a pullback opportunity so you've got one chance to get in and if you don't get it, you got to wait till tomorrow or you got to wait till the next stock. So that's encouraging me to chase these a little bit more and I have to be mindful of that because chasing can get me into a stock at the very tippy top and then have it roll over and you know this could have gone from 4:50 back down to four and that would have been pretty brutal for sure in my small account. I mean that would have been a big loss so it's just something to you know. kind of.

Think about tomorrow's the last day of the month for January and hopefully we can finish with. You know, another another decent trade. You know it's hard to say what it'll be I Don't have anything that's going to really be on my watch list tomorrow that we trade today because I don't think our GSC is going to be clean enough. but if it does consolidate, if it does start to get back up above $5 then you never know.

Maybe it will open tomorrow around 550. and if it does, I'll definitely be watching for a break through yesterday's previous day's high which is today's high of 485. but you know it has to hold I'd say at least 50% of the move. So my process when I'm looking at these stocks I see the stock whether it's on the hide, a scanner, or if someone calls out in the chat room I pull it up and then I check things like okay, you know what's what's the symbol, You know what's the float, what's the daily chart? Look like The daily chart and the float are two big decisions because if I see that we have a low float with a great daily chart, then I'm going to know this is a stock that can have potential if there's volume and so then it's like okay, well, is it squeezing up? Has it already moved up ten or fifteen percent? Because if it has, then I'm going to try to get in to ride it for another five to ten percent.

And that's the thing if I can get if I can put let's just say in theory, half of my speech, half of my shirt trader account into a trade and that trade goes up. you know, 20 percent. My account is going to grow by 10% Now that's if I'm not using margin and that's the thing that really allows me to amplify my gains. You know, with that trade on our GSC let's see my percentage gain on it was about 20 percent.

but I was using leverage I was my total cash in was $27,000 So I put in $27,000 and on $27,000 I made 20% All right, so you know that ends up being closer to 50% and that was on my first trade because I traded it twice or I got in it added at 5:50 you know? So between those two trades I guess I made Let's see 23% All right, $7000 but because I was using leverage and ended up being a 50% gain in the account. of course it works the same way going down. If you lose using leverage, you're losing that much more of your equity. So that's the risk and it is something that you have to be mindful of.

But you know, my goal this month was to show you guys that you absolutely can trade with an account as small as 583 dollars. It's not about how much money you have, it's about whether or not you have the skill. And the skill is just something that you learn. It's a process of learning, studying, training, practicing trading in a simulator, proving that you've got what it takes to grow an account, and then once you've well, you know, once you've shown you can do that in A simulator graduating to trading with real money.

And so here I am up $22,000 in the month of January in an account that I started with five hundred and eighty three dollars. so 22% of the way to my hundred thousand dollar goal. And you know, getting close to the point where I'll be able to switch to trading in the states and not have to be in sure trader and in the Bahamas anymore. which will be nice just for the sake that I wouldn't want to have fifty thousand or seventy thousand dollars offshore I just rather have that in a domestic account I Feel more comfortable with that so I'll be able to make that switch maybe even as soon as next week.

Although I really wasn't planning. my deadline was President's Day weekend. so I've exceeded my goals even though my own goals were already pretty pretty aggressive. So that's just exciting and it's just being in the right place at the right time.

I could have just as easily missed this trade too. a you know, internet connection down or not getting filled and yeah, you know it is what it is. You gotta wait for the next one. I'm sure there's some of you in here who tried to get in our GSC couldn't get in, couldn't get filled whatever the case may be.

And the good news is that there'll be another opportunity tomorrow. This is the great thing about the market. This trade right here is not opportunity to learn from. You can learn from it, study what worked, what didn't work, and then help that make you a better trader tomorrow.

So you know this is the whole concept that this is not about. You have to think of the long term in the big picture. it's a marathon. It's not a sprint even though I'm kind of treating this like trying to get to 25,000 as quick as I Can you know Italy This is about a set of skills that can last for a lifetime and creating that sense of you know financial security for yourself.

financial freedom. The fact that this month I'm up $55,000 is you know in one month more than a lot of people make an entire year. So you know I mean I'm not saying that this will be what every single month this year is like. I would be surprised if it is this good every month.

but it's to say that as a trader, you really have this incredible opportunity and it's once you get through the learning curve. The learning curve is the hardest part. It's what I struggled with for months and months and months and months. And that's what inspired me to open Warrior Trading.

That I realized pretty early on that this is something that is super cool I'm super into it, but it's super super hard and I was trying to find resources to learn how to trade and I just wasn't finding anything and I realized look, I'm going to create what I wanted I'm going to create what I needed as the beginner trader. So I can just you know, basically create the course that I wish I had taken when I was one month into my career and you know, for me, having really, really struggled I think it's helped me be a better teacher. You know, if you're naturally really good at something, you have to go through the process of training yourself and and you know, having to employ discipline and deal with the emotional frustrations, the upsets, the heartache, and all that stuff I had to go through that and that's why you know now that I'm on the other side. Number one: I'm so grateful I'm not someone who just you know came into the market and made you know I have whatever a hundred thousand dollars in my first month I mean my first eighteen months I didn't make anything I was losing money losing, losing, losing and I saw the potential you know? I saw there were people out there like me or whatever posting their wins, but there was no dialogue of how they were doing it in a clear way that was clear, concise, and and really well articulated that this was why I got in the stock.

This is how you can find this stock. Look, make it simple and because we've made it simple, we had seventeen hundred people in a chat room this morning. so you know now we're the biggest chat room day traders that I've ever seen. which is a really cool thing.

So it goes to show that you know there are a lot of people out there that we're looking for the same thing that I was looking for and it's It's awesome that we're able to you know, provide that to you guys and and help give you a platform where you can learn and where you feel comfortable asking questions. and of course the you know the fantasy stock trading simulator where you can practice in real time. So one of my upcoming videos that you guys are going to see is about my recent trip to Las Vegas and on that trip I talked about a experience that I had going through the learning process doing something that I had never done before which is going to a racetrack and driving a racecar. I'd never done something like that before and one of the things that they had us do.

as soon as you get to the racetrack you get meet, you get met by an instructor and that instructor is going to walk you through basically everything you need to know to get around that track as fast as you can. and so he teaches you a class. You have to do a class and then when you finish the class he puts you on a driving simulator and you sit in the car. It looks like a go-kart You sit in the car are and you fear and you're going around the same racetrack except it's on the simulator and he's standing there behind you coaching you and the whole time I'm thinking this is exactly what we do with our students.

This is the learning process. You know that you practice, you take a class, you do the simulator and then you go and you do the real thing and so you guys can look forward to that video coming soon. where I break it down for you and show you how to drive on a on a racetrack in Las Vegas It was fun and I'll definitely do it again the next time. I Go back and for me you know I do like cars a lot and I Enjoy! I Had a lot of fun doing it but I think we all know there's a lot of people in this industry that love to be flashy with the fancy cars and the private jets and stuff like that.

For me it was a an opportunity to talk about and draw the comparisons between learning to do something that was that's actually pretty hard and how you learn to trade and there's a lot of overlap there. And so that you know people that come into the market thinking that they can just jump in and start trading and make sixteen thousand dollars in a single day. I Mean that's like getting into, you know, a Lamborghini and thinking you're going to make the best time around the lap on your first try. It's not going to happen.

I Mean it's just not. You're setting yourself up for failure. If you think you can do that, you're setting yourself up for disappointment. You're going to waste gas.

You're going to waste. you know, you know, wear and tear on the car. It's unnecessary. You got to practice before you get to that level.

So and now another exciting piece of news is that on Friday we recorded our first episode of a new series titled Behind the Trades and that podcast is now on iTunes and it's also on YouTube and it's on our website and we talked about trading, psychology, and so some of the things that I've talked about today: learning how to hold your hands, learning how to sit tight and trade smart. Alright, so that is now available I'm going to put this this up here so you guys can see it. You can watch the pod, can listen to the podcast, watch the video, and of course read the transcribed audio. So I'd love for you guys to check that out and comment on it.

And in celebration of this new series, Behind The Trades, we've launched a Fire and Ice sale and we launched it on Friday. We were ending it Sunday but we're going to extend it until midnight tonight and that sale is 30% off any chat room subscription and we changed our prices a little bit so make sure you check it out. but that's 30% off any chatroom subscription. And for this long weekend we've brought back the day trade course.

So for anyone interested in the day trade course who you know may be the warrior Pro is too expensive or something like that. This gives you a chance to get started and so I have looked for you guys to check that out whether you're current student and you want to upgrade your subscription. if you're a quarterly and you're a month into it, you want to buy the annual, you're going to get the annual plus you're going to get an extra two months. it's just going to tack on to the end of your current subscription so that will happen automatically and for anyone that's you know new.

I Hope you guys enjoyed the free chat day today and you know I would love to have you guys join the chatroom and be part of the community. If this is the right time we're here, we'd love to have you. If not then I Hope that we'll see you again soon! Alright guys, so that's about it for me today. I'll just show folks on on Facebook the Fire and Ice' sale.

So iced 30 is the coupon code for Chatroom and Fire 997 is the coupon code for the day trading course. Alright, so you guys can check those out if you want and I'll be back at it again First thing tomorrow morning 9:00 a.m. and building the watch list and hopefully we'll have a good day and we'll finish out the month on a good note. Alright guys, so any questions I'll make sure I answer them.

Let's see I see there's some questions on Facebook and I of course see questions in the room so let's do some QA here and see if we can get these answered in the next couple minutes. All right guys, let's see. So to finish decorators question let's see any questions on the simulator. You guys can send me an email and we can check that and climb in.

Yeah! Jesse I Do go rock Climbing! I Went this weekend. That's another one of those things where you got to make sure you you prepare yourself before you are up there and you know what you're going to do. Bill The reason we do to chat rooms on free chat day is because a lot of the free chat. The members that join for free chat are very beginner traders so they've got a lot of beginner questions like how do I place a trade or what's the moving average and stuff like that.

So to kind of ease that strain on the main room we have the two room separate so for premium members that are part of the community, they don't have to feel like they're hearing these beginner questions. you know every Monday or whatever it is. let's see and yeah, Mitch when I hit 25k, I'll be switching accounts so that will be coming up real soon I have I'm sort of deciding exactly the way I'm going to do it just because I've already been trading obviously in my speechwriter account so the switch over day I have to kind of figure out how I'm going to when I'm going to do that. So it's very clear.

you know because if I do it in the middle of a month then you know people are going to be like, well, it's unclear how much you made this month because your statement shows you're up. you know, 18 thousand dollars but you're saying you only made 13. I'm like well I made 5,000 on the first day before I switched a little blah so let's want to make sure I do it in a clear way. so I don't have to answer a ton of questions about why it's confusing trading in the 401k.

I would love to do that I had retirement money before I started trading and in retirement accounts and I took it out of those accounts and paid the penalty so I could use it for trading. and so you know, I've been putting money back into those types of accounts, but you know you can only put whatever it is three thousand dollars a year or something like that an IRA So it's just slow growing and I'm not at a point now where there's really enough that I could day trade with it because of the PDT rule. so just waiting on that. but I'll probably trade in a 401k or an IRA account at some point in the future.

So Josh The reason I was excited about our GSC is really because of the fact that it was a former runner a stock with a history of making big moves and the fact that you know today was the day that it was starting to move already. it was starting to move before I jumped in I saw the volume coming into it I saw the action I saw the potential I knew what it did the last time it was set up similarly so it was like okay I got I got to give this a chance and I actually wanted even more than 10,000 shares in my regular account, but it must have been restricted I wasn't able to use my buying power so maybe because it was a recent reverse split, it was restrictive. it used to be a penny stock. Let's see.

so Andrew The new Commission structure. Sure, trader doesn't affect current traders there. it's only for new traders. so for me, there's no.

there's no change. My Commission's are the same as when I started and I never asked them to give me any special rate I pay actually more than most of you guys pay in short trader now. Yeah, this month my biggest loss of the month was on cat B I traded that one on let's see the 19th and that was the day that I made only forty seven dollars in my shirt trader account and that was a day that I let my emotions get the best of me I got in it and I I missed my first fill when ended up going up about point and I knew that that would have been like a four thousand dollar winner I got in on the first pull back and I got way too aggressive I took twenty thousand shares and it immediately dropped 50 cents I lost 10 grand and I ended up finishing that day down 8,700 Despite that, I'm still at $55,000 this month so you know that was a bad day and you know it's just part of the deal with trading that sometimes that'll happen. I should have stopped out sooner and I didn't I held it much longer than I normally would and I got stubborn thinking it would come back and then of course slippage got me really badly.

so you know it's the luck of the draw. The good news is that the day before I made six thousand dollars in speed trader and the day after I made six thousand. So I still closed up on the week despite having that one big loss and Matthew I don't know about that question I haven't seen that on my on my account before. So with our GSC when I got in at 450 I was thinking my staff would be around 4:30 425 about 25 cents top at most I wanted to keep it as tight as possible but that was kind of what I was thinking.

yeah Brett you can use the Ice Thirty coupon code for the monthly chatroom. Yeah, so and yes, all the traits today we're using hotkeys I mean that's one of those things. Those are huge. They're huge asset, it's an important tool and they are part of my day to day big day dated trading.

It just does. They're so important for me. I Don't use percentage risk stops. maybe I would when my account reached a certain level, but right now I don't I don't do that I Like I said, you know I look at these setups I Get in I think about what's the most I'm willing to lose.

you know, twelve hundred bucks, maybe fifteen hundred bucks on the setups that I think has big potential I'll be more aggressive and that's the important thing I Do taper my my risk based on the strength of the setup. I'm going to be more aggressive on a quality and less aggressive on B or C quality. And by doing that, you know I kind of train myself that, when something's hot I get aggressive and I might take twenty thousand shares in my regular account and that's how I'll have a really great day but you know of course I'm wrong, it will hurt and then on B and C quality setups I automatically reduce my size just because I know the risk is higher. Alright guys, so with that, I'm going to wrap it up here and we will pick back up of course first thing on Tuesday morning 9:00 a.m.

back in the chat room. Hopefully we'll see some good opportunity, some good trades, and be able to finish up the month strong. All right, Thanks guys! I'll see you all tomorrow morning. Let's be honest, if you made it this far, you must have really enjoyed that video.

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