Everyone Alright, so here we are: Third green day of January A little bit of a hot streak. Not the biggest green days, but May 2000 on Wednesday 1700 yesterday I'm up 700 today and I'm building the cushion on the month and on the year you know. Last year I started by going red $4,000 It never feels good to go red on the year you immediately have a hole you got to dig yourself out of. So this year I'm just working on building that cushion.

one trait at a time. Lots of base hits. We're not in a homerun type of market right now. That's okay, as long as I don't swing for homeruns I can do well if I try to hit a home run though, what's gonna happen? It's like no lose money So you know I tried to take like a twelve fifteen thousand share position and you know, maybe it pops up five ten cents.

That's not really enough to take profit because you know the risk is always higher with that type of share size. So you really want to get at least 20 30 cents so you don't take the ten fifteen cents when you have it and then it flushes down and you end up losing 20 cents on twelve thousand shares. That's twenty four hundred dollar loss and it can happen like that. So I'm really keeping my share size a little smaller.

a little more conservative at least until we see things really start to open up. and then by that time hopefully I'll have a little bit of a cushion from all these base hits that I'll feel confident stepping up to the plate and taking a little bit more size on one of those really good quality setups. So anyways, I'm just happy to finish the week with another. Green Day Enjoy the weekend and I'll be back at first thing on Monday morning for our first full week of January As usual, any questions, any comments, leave them below.

I'll come back through and answer them over the weekend and make sure you check out the special New Year's Eve sales that we're still running at Warrior Trading. those are gonna finish up and be closed out this weekend. Alright so hopefully we'll see you guys over the chat room Monday morning and as always with you guys, really enjoy the weekend, get some rest, study up, and we're back at it in Monday morning. Alright, see you guys soon! Hey everyone! Alright so we're gonna do our midday market recap here and break down the trades from this morning.

So today is the third green day of the year which is not bad. So I'm gonna make it official put in the calendar day three of 2019 plus six hundred ninety four dollars and nine cents. Today is not a day where I'm gonna push my luck. I'm gonna take the money and I'm gonna walk away.

So um let me drag up my this is my trading platform here so you guys can see where I'm finishing the three stocks. I'd trade to today Bo XL Asns and AD IL As you can see, there's no big homerun, just you know, a few base hits and that's kind of been the way trading it has been the last, well, week or so you know, a number of kind of nice small gains which are good I can certainly get by on those, but no big big winners. So this is just sort of one of those times where you've got to be a little more conservative and so you know for me I I Kind of take this approach of my first goal each day is to build my cushion to try to get myself green on a day. and that means my first couple of trades I want to have a very high level of confidence in the trade number one and number two.

I'm gonna be pretty quick to take profits so I'm usually not gonna try to, you know, swing for a homerun on my first trade of the day. occasionally I will, but usually I won't usually on the first trade of the day I'm just trying to get myself green and you know, build a little bit of a cushion now. once I've got a cushion then from that point I can start to take a little bit more risk knowing that. Worst case scenario: I should still be able to walk away today with profit any day that you're walking away with more money than you started with.

Even if it's only by $50 you've achieved something that 9/10 traders won't be able to achieve with consistency. So for me, it's all about building that cushion with the first trade. And there are some days where I'll wait a little while before taking that first trade because I don't see anything that really makes me feel confident today. I Took the first trade within a minute of the bell ringing and it was on Bo.

Excel So this morning as I put together my watch list I was very mindful of the fact that I didn't see a lot that looked really good. So historical date here will do this scanner for 9. it's 25 a.m. so this is the way I saw the market this morning at.

you know, whatever was 925. All right. so leaving Gapper FL KS Well this is a fifty five cent stock so I didn't like it. Alright, so that one right away is off the list.

The second-leading gapper is Ami D It's a 38 million share float and when I pulled up the stock to take a peek at it I I could see that it received a buyout proposal. These usually are not easy to trade so I cut that one off the list. Next one down EP ZM 55 million share float that's a little too high. Next one down w KH s too cheap this one m RK r I Pulled it up 18 16 million share float is okay, not a lot of volume.

Looking at the daily chart, it's below the 200 moving average. That's a form of daily resistance that one's off the list. TR Vn2 cheap A QB only four shares of volume re C n too expensive si E^x and on the volume float is way too big at 378 million shares - cheap - cheap - cheap - cheap. Too expensive.

too cheap. Floats too big Floats too big, too expensive, too cheap. Well, that doesn't look good, right? I Mean you know all of a sudden this day is not looking so hot. I've got nothing on here that looks really solid.

So I look at the overall market. I See the overall market is gapping up a bit yesterday. the market drops 500 points this morning, it's back up. This is the you know, the market that we're in I mean it's things are all over the place right now.

That probably isn't helping a lot, it's just creating kind of a little bit of a distraction there for people. So overall markets doing that and hmm. let's see. let me check screen share I have screen share on my side so it does appear to be working anyway.

So to do? Yeah, so we had overall market moving up. So I said okay. Well there's not really anything in the way of fresh Gabor's this morning. all right.

So what do I? What do I? do at that point on a day where there's nothing on the Gap scanner I say all right. Well, what was hot yesterday? So I put that scanner way and I just go back and check my trades from yesterday ad IL this one was pretty hot yesterday, so you know I finished trading usually around 10:00 A.m. 10:30 Sometimes I'll go as long as 11:00 or maybe noon time, but usually I'm done by 10:30 I have my first meetings with my students at 11:00 a.m. Typically so inner circle students have one-on-one sessions with me and with Mike and with the rest of the traders on our team.

So I usually do those from 11:00 until 2:00 or 3:00 in the afternoon. So ad I yell I trade it out of the gates. Yesterday it dropped back down, popped up, pulled back, popped up, pulled back, popped up, pulled back, and actually ended up. you know, kind of holding up relatively well.

Yesterday was a green Candle daily resistance at seven dollars and 45 cents. the high on December 26th and so I said, you know what if this can break over 695, it actually looks pretty good. So this was on my watch list as a continuation set up for a break of 695 First Target 717. Well, that happened almost to the penny.

it squeezed up to a high of 715. Unfortunately, I was only able to make 40 bucks on it and I'll go over that trade in a second. The second one on the watchlist ASNs This one I didn't trade yesterday, but some of you guys mentioned that it was strong I took a look at it and saw that Yup, it squeezed up yesterday, continued after hours and if you worth watching for continuation as well on this one. I lost $34 I'll go over that trade in a second.

A third one on the watch list was Bo XL Bo Excel also squeezed up yesterday, had an after-hours high of about 215, pulled back a little bit I was watching it back over $2 and the fourth one on my watch list the only one that had in trade off the watch list was BT AI This one yesterday squeezed up, pulled back, but ended up moving back up towards the close and so I was watching at over 550. it did not break that level so I did not take a trade on it. Alright, so first trade of the day was on Bo XL straight off the watch list. Alright, so Bo XL I bought nine thousand shares at a dollar 98 and sold it at 206, 205, 209, 208 to 11 and 197.

So that cost me two, four, six, eight, ten, twelve, fourteen, sixteen, eighteen dollars in commissions to place. you know, nine trades on it. You know that's using up commissions a little bit, but it made 688 dollars on this one as the bell rang I had all four stocks on watch. so if I just pull up this my my IRA account.

this is my IRA account now. I've got my twenty nine thousand dollars in it. added six thousand which is my 2019 contribution and so I had these four stocks on watch here I didn't end up trading the IRA I'm not certain that they've turned on settlement margin yet for me I have to just double-check with them. So anyways, I didn't trade in it today, but I keep all four stocks on watch.

So I'm watching all four of them and I'm just basically waiting to see some action. so you know, just watching like kind of the Spear Fisher Men just looking, looking looking and boom icbo XL start to squeeze up I see buyers at 88 90, 95, 96, 97, 98 and so boom I start jumping in. Boom boom boom boom. Three orders I'm in 9,000 shares at 98 Pop's over $2 205 207 I sell half I take some profit I've got to build my cushion I'm in.

This was some good size I need to start building my cushion right away I sell, try to sell half I fill 32 hundred shares, put out another order to sell a little more, sell more 205 now I'm in the driver's seat I've locked up 300 bucks on this trade and now I can hold the rest for a moment I hold it for another 30 seconds or so and I sell it there at Oh Nine, Oh, Eight Eleven, and then the rest of 97. So a quick little scalp there of two dollars. it ended up hitting a high of 219 220, but as you can see, it didn't hold those levels. I almost I was watching to possibly add back over to ten.

it dipped down and then it surged up so fast I didn't have a chance to add and it was actually a good thing because it came all the way back down. Next trade: ASNs also off the watch list I see it starting to squeeze up originally I was kind of watching it at 350, but as it squeezed up here, I went ahead and jumped in at 360. so in at 367 and 369 with 3,800 shares I tried to put out a sell order, ended up selling some at 71, 79, 72 not really making that much on it. It then does a little one-minute micro pullback right here and I go ahead and add back at 75, sell half at 80 and the rest I sell at 60 and so I ended up losing $34 Kind of a bummer.

not a very exciting trade. We got a false breakout on this candle and it dropped back down. so I gave back the teeny bit of profit that I had. Alright, so down 34 bucks which is not bad I mean you know it's not that big of a deal, but down 34 dollars 80 I owe this one also watching on my level 2 and all of a sudden I see it squeezing up here I was watching it at this level at 78 and 80 but the volume was so light I just didn't really trust it.

it dropped down it then came back up and as it broke I went ahead and jumped in right here. I bought at 20 cents higher paying basically for confirmation that it was actually breaking out. So I mean it was 6,000 shares at 95 and 99 selling at 704 703, 703. accidental short there, got rejected.

so as that trade right there I was up 500 bucks I then added back at 209, sold some at 213 and then stopped out of the rest of it all the way back down here at 289 and 280 as it dropped right here. So I went from being up 500 to up only 40 bucks on the trade I pushed my luck I stayed a little too long, added to the position and gave back those gains. So I decided at that point. you know what? I'm not feeling it today.

it's 9:45 you know, getting closer to 10:00 I've traded three stocks I have two trades or basically breakeven one trade that's a small winner I got a I got a know when to walk away. That's one of the hardest things as a trader is knowing when to walk away. because if I walk away here and then you know I check on my phone right? look at my computer in two hours and I see that ad IL ended up squeezing up. you know 2, 7, 8, & 9 I'm gonna think man I missed it FOMO If you're missing out and that fear of missing out will sometimes convince you to stay here, just keep trading.

and and that's kind of where you have to be really careful about almost being compulsive about just sitting here, waiting and waiting. You think of those some of those people that sit at the slot machines in Vegas and they'll be there until 4:00 or 5:00 6:00 in the morning. Just you know, going for the next one, going for the next one, going for the next one and you know the people that do well as traders that people to do well in. Las Vegas You know they're the ones who know when to hold them and know when to fold them.

You got to know when to walk away, when to take your money off the table. I take that same approach when I do go to Las Vegas I've knock on wood never left Las Vegas with less money then I started with because as soon as I have a little bit of profit, I walk away and you know that keeps me going in. Vegas It keeps me going here Raider It's not just about being a good trader, it's about knowing when to walk away. Because here today, you know making six hundred, seven hundred bucks.

That's not my daily goal. My daily goal is two thousand dollars. So I'm well below my daily goal and I had a choice to make. Am I gonna keep trading and try to hit that goal or am I gonna take the cue from the market that maybe this is the best I'm gonna do today.

The environment just isn't that hot for being aggressive. So I'm gonna step back and that was absolutely the right move. It takes an ability to step away from that tunnel vision and that compulsion to say what's going on in the bigger market around me is today the day to be aggressive and take trait number four with big size and the answer for me was no. So stepped back, took my profits and you know and and and that's it.

So another green day, third green day of the month and also you know I had. For those of you guys don't remember, my longest hot streak ever was 56 consecutive green days. it was. It was pretty impressive.

no doubt about it. Trying to find my calendar here, what did I do with it? I Just had it yesterday. so my longest hot streak was 56 consecutive green days. But in those 56 days, I didn't make nearly as much as I made during my 44 day.

a hot streak where I took $583 and turned it into a hundred K Um, you know and in those 44 days I had I had red days so it wasn't like a straight green hot streak. but my longest green consecutive hot streak was 56 days. and during that period I was being very conservative I wanted basically to try to set my own personal record of the longest consecutive you know Green Day run to the point where I think I had a day where I was up holding like a hundred bucks and I was like you know what I'd rather just closed today Green then risk taking another trade and going red. So I was being compulsive even on that side where I was like afraid to take risk because of the arbitrary you know challenge they've set for myself.

But as of right now today is gonna be my let's see one, two, three, four five, six, seven, eight, nine consecutive green day. But in these last nine days I've made let's see 3000 that's 7,000, 8,000, 10,000, 12,000, 14,000, 15,000, sixteen, seventeen thousand, about eighteen thousand dollars in the last nine days. and I'm not gonna say that's not decent, but I've had individual days where I made twenty two thousand dollars or thirty thousand dollars. So you know to have traded here for nine days in a row and made only seventeen thousand.

My averages are a little on the low side, but the same time right now I'm okay with taking base hits and I'm happier to finish the day up 700 800 bucks then to take a big amount of risk and I think this is something that holds me back a little bit sometimes. I'll see these young traders. you know whether they're making videos on YouTube or they're you know on Twitter or wherever else and they're you know, showing off making like 40 50, 60 thousand dollars in a day and you look at their shares and they're trading like 50 60, 70 thousand share positions. It's like wow, You know it's it's almost like when you see a toddler skiing down the mountain at 70 miles an hour.

They've got no fear, You know there's just go for it. but you know once you've you know gone off the the cliff a couple times and hit some trees and gotten beaten up. You start to get a little more careful about risk and you start to realize wow, you know straining with 60,000 shares I mean I've had trades where I lost a full dollar per share I've had days where I lost a dollar fifty per share where I got into a trade I top ticked it and then it dropped and got halted. going down it resumes fifty cents lower and looks like it's gonna go into a second halt.

I mean I've seen stocks get completely pummeled and where I've been holding them and so you know when I see people and even sometimes we've had students who come in and within their first three months they're trading with thirty forty thousand share positions and you know they'll kill it until they get killed. So you know it's not to say that you can't take a big amount of risk, but for me, I'm in a place where I don't want to have a day where I'm sitting here doing my mid-day recap telling you how I just lost fifty grand. you know? and it's not that I couldn't afford to lose fifty grand because you know I've made over a million dollars as a trader I can certainly afford a fifty thousand dollar loss, but there's a difference between being able to afford it and actually wanting to have it happen. and I don't want that to happen.

You know I'm actually more content with, you know, kind of like slow and steady progress like this then trying to have big days like this and risking a big drop like that. And at the end of the day, you know this person here might make more than I'm gonna make here and to each their own. You know it's your comfort zone and you gotta I mean I Think it's important to push the edges though you comfort zone a bit. but you know you got to know what's best for you.

and and for me, it's You know it's I'm kind of doing a lot of things at once. I'm a trader from 9:30 to 10:30 in the morning, but then I'm a teacher from you know, 11:00 a.m. until you know 3:00 4:00 in the afternoon. and if I do something on the first half of my day that is going to make it detrimental for my bill for me to be able to be a good teacher in the second half of the day, then that's a problem.

So if I have a day where I lose twenty five thousand dollars, I'm gonna be in a pretty bad mood and I'm not gonna be a really good teacher to you know all the students that are depending on me, so that's kind of a little bit of a sacrifice that I have to make where you know I'm sort of managing these two things at once, but you know and some people will ask for us. if if you make three, four, or five hundred thousand dollars a year a trade or what, why do you even bother teaching and I think that you know for me and I think about that quote by Stephen Hawking was it about work? He said that remember the quote He said something about work giving meaning to life and that you need to work and I get so much fulfillment out of teaching and working with students even on the weekends I like to work for at least two hours I feel so Restless when I'm not doing anything on a weekend, you know it's really. it does give me a lot of purpose to trade for my hour and a half each day. and yeah, that's it.

Work gives life meaning and purpose. Life would be empty without it. So you know when I first started teaching, I also wasn't making five hundred thousand dollars a year, you know it was. I was trading and I was making some money and I was teaching on the side and I was working to build the warrior trading community, but both have sort of grown in tandem.

I've gotten to be a much better trader over the years. You know the the community has grown over the years and so you know. Sure, maybe if I had started by making a million dollars as a trader on my first in my first year, maybe I wouldn't have felt the desire to teach and to try to build this community, but they both kind of happened at the same time it was learning to trade. it was blogging and making videos about the learning process, connecting with other people in the same place as me, and you know it's organically grown to what it is today.

So now it's just part of my routine. and without that routine, it's I would have a big void in my, my life and in my routine. And you know what? I do every day I Really I'm just not the type of person that wants to sit around and watch TV all day. or you know, Reven wants to travel and do stuff like that.

I Really like having a set routine. it's trading in the morning and teaching in the afternoon. But yeah, both of them kind of have to go hand-in-hand and there are times where for the most part these two things are very compatible. You know my goals as a trader align with you know, the goals of our students, but there are times where they're not compatible where I have to be maybe a little less aggressive as a trader because if I really push it, it's going to impact my ability to be a good teacher.

you know and and and I suppose you know trading in the afternoon where I could do that and there would be opportunities. But then you know I wouldn't be able to spend the time doing the mentor sessions with inner circle students. So it's kind of this. this balance I Think we all find it in different ways I know a number of our students are Realtors and and do real estate in the afternoons and you know you have to leave room for both.

And one of the things that you know we all know is that being financially independent is about diversifying your sources of income so you don't depend entirely on just one. So you know you sort of get income from all these different places. whether it's real estate or you know your hobbies, or you know, you know all these different things. You some will be from day trading, some will be from dividends from long term investments.

You know, things like that. But that really creates sort of the ultimate sense of security. When you know that you've got, you know, Five, six, seven different sources of income keeping you going. So anyways, a little bit of a tangent there, but that's kind of.

You know where I'm at right now just kind of beginning of the year thinking about my goals and still not really sure what my yearly goal is. I'm not really trying to, you know, blow last year out of the water. it's more of just maintain. You know, anywhere from 350 to $500,000 is good if I can get up to 600.

hey, that's cool. 750. That's awesome, but it's really gonna depend on the market we're in and the market we've been in the last few weeks here has been one where you got to be content with taking the gains when you get them and not pushing your luck. So I'm okay with doing that too.

Alright, so anyways, that's it for me. I Got a jump on I'm late for this call with students so I'm gonna be a little late on my calls here for the rest of the day. So I'm gonna switch gears and I will see you guys first thing Monday morning I Hope you have a great weekend and get a little rest, study up and we'll see you on Monday All right bye everyone if you're still watching you must have really enjoyed that video. So why not subscribe and get email alerts anytime? I upload new content.

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