What's up everyone? Alright, so here we are: Fifth Day of April in terms of fifth Trading day and today is my fifth consecutive Green Day Trading aka are as it was squeezing up out of the games. This is a stock that on Friday was priced at two bucks and today it hit a high of just under nine dollars. Absolutely incredible momentum, really nice opportunities and I traded that on the move up and then I took my profit off the table and said I'm done for the day At 11 a.m. they put out the news.

secondary offering price is six dollars and it dropped from about 750 or whatever was that? Right Back down. And this is the thing that's so tough, especially in this market. We've seen a lot of secondary offerings. we've seen a number of them announced during the day, and you just have to remember that the longer you stay in the market, the more you're exposing yourself to the risk of being in a stock that all of a sudden has breaking news.

You know it's and unfortunately, as much as we'd love to be able to say that every time we trade, you know our stop is. you know, a 10-cent stop and this and that. But there's always that risk of a stock or a company putting out news in the middle of the day and so I try to trade for very short intervals of time I Don't want to overstay my welcome I want to get in, take my profit and get out. And today I did exactly that.

So walking away fifth consecutive Green Day I was some nice profit right down in the description. There'll be a link for you guys. We're at the very beginning of your learning curve to download my beginners a getting started guide I encourage you to do that if you haven't already and there's some other links in the description on brokers for trading with small accounts like 500 bucks. The platform I Used the charting how I manage my risk, my audited profits from the last few years.

all that stuff I'm sure will be interesting to those you guys who are just getting started. So anyways, I'm feeling good here, not overstay my welcome. taking the profit off the table. Live to trade another day I'll be back at it first thing tomorrow morning for hopefully my six consecutive Rika Alright, see you guys all right everyone.

So we're going to do midday market recap here. Go over the trades from this morning. Today is going to be my I'm almost positive. fifth consecutive green day.

The stocks have trade in a Keer which is definitely the one that I'm green on Ygy I which is a loser and DPW which was also loser so green on only one out of the three stocks I traded. That's not ideal, but a Keer gave us some really nice opportunities. As you can see right now, it's a 58% and this is the one that we were trading yesterday down at about three dollars, so a big move from two dollars on Friday all the way up to a high of eight dollars and 85 cents today I am up 2150. Five dollars on a Keer, which is great, but read on these two up about 1100 on the day 1200.

So a green day. Not the biggest green day in the world, but this is kind of where I've been averaging the last 4 or 5 days trading with smaller share size. No doubt, trading with bigger share size has the potential to give some bigger Green Day's but it also has the potential to give some pretty big red days. and that's not something that I'm really interested in having right now.

So I'm actually while we do this. Recap: I'm gonna go and import my trades from yesterday so we can see how my metrics are looking here. After another day of trading, I did take a number of trades on a Keer. it wasn't It wasn't just one trade, so we'll look at the one-minute chart.

My first trade on this actually was right out of the gates for a break of this pre market pivot of 640. We broke 640 and popped up to 660. And so just like that, I already had my first win. Within the first minute of the day, it pulled back I added for the break of 616, it squeezed up to 680 and so within the first two or three trades, I was in really good shape and we got this nice break of seven.

A little pullback here: a break of 7:15 a rip up to the high of seven 75, and then a five-minute long circuit breaker hall. So that circuit breaker halt was a nice one, but coming out of it, it popped up to a high of 795 and I actually a little aggressively added right around 785 for the break over $8.00 It then flashed down here to 698 and so for a second it actually looked like it was gonna halt going down and I was down 80 cents a share. And you know it's that's never a really fun position to be in, it's it's part of the risk with trading these types of stocks. Whether you're long or short that you can see these types of big big whips, and if you have one going the wrong way, it can obviously be a good sized loss.

It's almost impossible to a hundred percent avoid it. It just happens from time to time, but on this one and generally my feeling on these is that if as long as the move is not caused by news that just came out, if news just came out of like a secondary offering or something like that, it drops and halts going down. Okay, that's the catalyst. It's not a good headline and I'm probably I'm probably gonna just bail out if it actually helps going down and I'm holding full size.

it's pretty much always going to be a bad situation. However, what I often will try to do is have the presence of mind not to be in with full size so that on one of these dips I can actually add and then bring Mike Bryant my average back down and ride the momentum back up and that's what I ended up doing on this and it ended up working pretty well I wasn't in with full-size it dipped down I didn't add at the very bottom I was tempted to but I thought it might all go so I didn't it then popped up and it curl back up I added bring my cost basis down a little bit and then we got this squeezed up to 844 and into a second halt going up which was kind of just wild I mean to have that kind of action was unexpected, just the false halt going down the pop back up. just crazy stuff. So anyways, that one was not the absolute easiest, but we got a couple nice trades on it.

so twenty-one hundred dollars of profit the other one that I traded ygy I This is a cheaper stock and you can see that it actually made a pretty big move here. I Got in for the break of a dollar 75 and it popped up here to a dollar 91. It looked like it was gonna halt and then all of a sudden it came back down really fast like someone did a market order for I don't know hundred thousand shares it just dropped right back down and I stopped out just below breakeven DPW is the one that I'm the most read on. This one's annoying because I was watching it right here for the break over 50 and I was like oh I don't know if it's really worth it or was at the breaking.

oh sorry was the break over 58 which was anticipating the break over the pre-market hi it broke 58 and ripped up to 79 a 20 cent breakout and then I bought as it was doing this pullback right here and I stopped out down here so you know I took my full six thousand shares on this one being a cheaper stock I thought that made sense but then I just all of a sudden it was down ten cents and then 15 and I was like wow alright well it is what it is so at that point I felt like probably good time to scale back. that was around ten past ten and then we had let's see where was Ygy I the last trade on Ygy I oh sorry sorry on aka our was I think it was was around here now I'm trying to remember I think I had one last trade somewhere in here but in any case yeah so finishing day up 1100 bucks the focus right now if I can make $1,000 in one hour trading with small share size, it's You know it's obviously it's great for consistency. It's not the glory that comes with hitting eight thousand ten thousand twenty thousand dollar winners, but I Also don't have to deal with the the higher levels of emotion that come with having read days of that size because the read days down in six thousand, Eleven thousand Twelve thousand. You know those become commonplace when you're trading with 10,000 20,000 shares.

It's just part of the deal. And so one of the things that stops a lot of traders from scaling up is that you know they just feel like man I can't handle the sort of the ups and downs. it's like the emotional is too much I need a ease off. So for me I think March was a great example of a month where the market was insane and traders probably around the world were just dealing with heightened emotions just from having our 401ks dropped by 35 percent.

And you know, just feeling the stress of everything that was moving every single day and everything else. So I found myself trading like really aggressively at times in March and it wasn't I was just at the end of each day I had a headache and I was stressed and the read days I was getting super super frustrated with myself and I said you know what, let's just bring it down for April Focus on better quality setups, focus number one and trying to be a really good teacher. For those you guys that are at the beginning of your learning curve and trade trading through a pretty unprecedented then and so here we are. Five days into: April 5 Green Day's in a row about seven thousand dollars of total profit, 80% accuracy, 80% accuracy, and my profit loss ratio Average winners are two hundred and forty eight dollars, average losers are a hundred twenty bucks now.

Unfortunately Today I'm gonna have my biggest loser on Dpw so that's not gonna help my average losers. It's not gonna help my profit - loss ratio unfortunately, but my accuracy will still be pretty good today because I had a lot of trades on a Keer and almost all of them were green trades. So you know we'll see where it all this lands by the end of the month in terms of my accuracy and and profit loss ratio. But I'm striving to maintain a two to one profit - loss ratio while at the same time having accuracy above 70% And that's a challenge because you know it's easy.

Easy is. maybe it's relatively easy. Trading is hard. We all know that.

but it's relatively easy to have high accuracy. And the reason is, it's not hard to predict when you're looking at these types of patterns. You know, flat top breakout first. Cannell To make a new high things like that as long as you know.

Once you've gotten good at recognizing these patterns, it's not hard to predict that this is a spot where the stock will probably break out by anywhere from five to ten cents. So if you take the profit every time you're up five cents, then your accuracy is gonna be high Because it's not hard to predict a five cent move. but your profits are gonna be small, right? And then occasionally when you get that loser that's minus twenty cents or whatever then you've got negative profit loss ratio. Despite having great accuracy, you can still make money that way.

But you sort of sacrifice the profit loss ratio in exchange for high accuracy because when your swing wind instead, you're saying well, I'm not gonna take profit unless I'm up twenty cents. There are going to be times where you're up five cents or eight cents or ten cents. You don't take any of it off the table. It been a winner, but then it turns into a loser.

so it hurts your accuracy. But your profit loss ratio is maintained so you know how to. curiosity. What do you guys think is the better approach? An accuracy focus or a profit loss ratio Focus.

Not that it can. Not that it has to be one or the other, but you know you kind of have to. You have to start somewhere. So Chris says accuracy without question.

Accuracy. Accuracy. Accuracy. Accuracy.

Okay, but a few you are saying P&L piano I've gone buck back and forth all right. I Don't have a really hard set of which is right because on the one hand I feel like if you focus as a beginner trader on profit or loss ratio, keeping really tight stops always asking yourself, do I have a two to one profit loss ratio potential on this trade, then you're making it so you can be profitable even if you're right only 50% of the time so you can't throw profit loss ratio out the window entirely. On the other hand, as a beginner trader, well, and I guess on that same note, as a beginner trader, expecting 70 or 80 percent accuracy is not realistic. So given that just probably fact, profit loss ratio is a good place to start knowing the accuracy will improve over time.

However, being right 50, 60, 70, 80 percent of time, the more often you're right, the stronger you develop this sense of confidence in yourself in the strategy that you're trading. And that's an important component to being successful because that gets into the mindset of being a successful trader. So I think that generally the approach of I want to focus on the best quality setups. therefore my accuracy will be really high is important and taking half of the profit off the table quickly and then adjusting your stop you breakeven on the rest.

I Think that that's a good approach and it does mean that for a 2,000 share position, you're taking your profit off only up eight or ten or twelve cents it might only be you know a small amount of money and then you hold the rest with a stop at breakeven. But at the same time, it's important to start to build that consistency track record of locking up profits and having accuracy grow. If you have a trade like the one that I had on a Kar where you know in one candle and we could go down to the 10-second charges to show you in one candle and all of a sudden drops a dollar share. most likely you would be holding full-size you wouldn't have had a chance to bail out and then all of a sudden it's like wow, Okay, how's this work? You know my average winners have been 1015 cents a share and now I'm holding something down a dollar a share I always almost always set my stop at the low of the pullback.

so I let it pull back I let drop and I set my stop at the low. that was about seven dollars. Off of that level it start grinding back up and so you know I was like on that in that particular case I guess I dodged a little bit of a bullet. However, I would say that this entry here was particularly aggressive probably out of all of the trades I took today, this was a stock that was moving quickly no doubt about it, but this entry was a little riskier.

So when you're focusing on your entries, you know asking yourself, is this right now a one-minute pattern? Is it a five-minute pattern? Is it both? If it's neither, then this might be a setup that is for the students and traders who've been doing this maybe a little longer than me. and one of the reasons that I have taken the ten-second chart off of my off my East signal here was that I started to feel like I was it was encouraging me to over trade and to be just overly aggressive and start seeing things that probably most people wouldn't see. And so I was like you know what? let's just pull this off for April and see if that helps slow me down a little bit. Focus more on the stronger setups and we had some really good one-minute setups on a Kr like this.

break here of 717 the first camel to make a new high break of 717 that led into this halt so we could have been just taking profit I Decided to be a little aggressive and try to add coming out of the hall and that was that was pushing my luck for sure. So in this case it ended up not turning into a loss. I mean it came back up, but it could have turned into a loss and it would have been probably one that I would have been a little frustrated at myself with because I was being conservative most of the morning and then on that trade I took a little too much risk buying near the high I think I bought fifteen hundred shares and then I added another fifteen hundred so you know that's it. Was a little bit of a riskier position there.

But anyways, so I'm happy to finish up the fifth. Green Day those you guys who are new students reminder Today at 3:00 P.m. I'm gonna host the Tuesday Warrior Pro Mentor session so that'll be in the Warrior Pro chatroom. Those of you guys who have questions as you're getting started, we'll have a nice long session there so we can get those all answered.

I Encourage you guys to actively trade in the simulator. you know, through the morning and even early afternoon. If you have the availability just because it's good, it's good practice. A Keer yesterday definitely gave some nice mid-morning late morning opportunities.

When you're trading with real money though, it's important to know when to walk away. So today, I would have been up closer to well, 2,000 before I gave back a little bit of profit I didn't know exactly how much I gave back, but you know I definitely gave some back. so you want to make sure you're walking away before you've given back too much of the gains when you're trading with real money. But as a Sim trader, gaining experience is super important.

So the more time you can spend you know, in the chair in front theater really in a lot of ways the better. Okay, so that's it for me. I Will see you guys 3 P.m. Warrior Pro students and everyone else will see you first thing tomorrow morning.

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