What's up everyone? Alright, so here we are: finishing the 11th green day in a row. but this was the most difficult of the last 11 days because I started today with a big one big loss. So I dropped into the red second trade got myself half way back to green. third trade back down even deeper into the red.

fourth trade al QA squeezing up I jumped on it. The stock went up 200% from 270 all the way up to just under or just over $5 That was the one got me out of the hole. So finishing in the green which is good but not an easy day and I really thought I was gonna be closing today red and that this was the end of the hot streak. So you know I was fortunate that we had a big mover because we didn't have that one big mover that one stock I wouldn't have had a trade that I could jump on and be aggressive on and make $3,700 So this was a close call and I gotta be a little careful tomorrow.

looking at my P&L over the last few days Thursday I made there Wednesday last Wednesday May 20 mm and on Monday I made 4,000 Tuesday I made 2500 and then today I'm up 1,300 so my PML is going down each day still green but I don't want to go into the red so I gotta be careful. you know because we're finished up this month. two more days just gotta hold it together. Two more green days finished the month you know on top and then go into the summer feeling good.

Alright, so that's the game plan. As always, you guys enjoyed these videos. Give us a thumbs up. Subscribe to the channel I Go live every morning from 9:15 to 9:30 doing the pre-market watch list and if you have any questions, any comments, leave them below and we'll come back to answer them later this afternoon.

All right! I'll see you guys first thing tomorrow morning. All right everyone. So we're gonna jump in here and do the midday market recap. Go over the trades from this morning.

another Green Day Finishing up 1,000 let's see three hundred forty dollars and eight cents which is pretty good. So I'll drag this up here I'll put it up on the screen. share in one second. Today was the most difficult day I've had in like the last I guess three weeks I mean this was this was not an easy day I really tried to, you know I just have a solid day and I started my first trade in the red.

Alright, I'm just gonna close that. There we go. If you have an Echo, just try. Refreshing and it should be able to it.

The echo should go away. I See a Lqa making a move up towards Hi a day 93 was the highs. just type this one in here. a Lqa.

There's a high a day. Five bucks. Look at that squeeze. 440 right up to five.

I mean that is almost picture-perfect This consolidation that we were having earlier this morning and now breaking out into a break of high a day on this one. I'm up three thousand, Seven hundred, Twenty-eight dollars. so you know, green on a Lqa, but red on the other two stocks. I Traded Despite the fact that I'm only green on one out of three stocks this morning, I am still green on the day, which is really solid and I Think that speaks to you know in part the profit loss ratio always striving to have the winners exceed the losers.

and also you know just the fact that we're in a market where when one stock takes off, we do get a pretty big opportunity. A Lqa, it's up 204 percent. And you know those you guys that just hit it on this break out. Good job that's 50 60 cents of profit.

As you see this consolidating here, the longer consolidates of eventually if it keeps this consolidation, it will break out. So you know why did it break out here instead of right here? You know, right here. it popped up, looked like maybe was gonna go and then it flushed all the way back down to four. and sometimes these just kind of have to try a couple of times before they finally break out and we don't know that it's gonna be here or that it might not be until you know down here.

I Mean it's it's there's not an exact science to when they're gonna break out so you have to kind of sit and watch and you know, just keep these guys on really close watch until they finally make that move. So a great job for those you guys that took that trade, you know I love seeing you guys making money on these even when I'm already done for the day cuz it just you know reminds me that you guys have learned the strategy. You're independent traders and that's what I love. So this morning I had kind of a little bit of a scattered watchlist I had a number of stocks that I was watching.

As you can see here: SP 500 There we go. SP 500 This morning, a gap up in the overall market. so when the overall market gaps up, we often have a lot of Gap errs on our small cap scanner. That's because a lot of these stocks are going to trade and with a little bit of sympathy just to the overall market.

Its that rising tide lifting all ships type of thing. So we're yesterday, we only had 28 stocks on this Gap scanner. Today we had, you know, closer to 40. Now that's still you know.

a great opportunity to whittle down from 10,000 stocks to trade down to a small handful, but we need to whittle it down even further. Leading Gapper this morning GPI See, this one was gapping up 73 percent, but the headline is it's a takeover a merger. It's not gonna be volatile so no trades there. al QA was the second leading Gapper.

We had it on the watchlist this morning. at two dollars and 55 cents, it's now up 200% So we knew this stock was going to be in play this morning and let me try to switch my mic here for the chatroom or the old chat room. Not sure why the audio is not coming through there. I'll just turn this off and turn it back on and there we go.

Okay, so sorry about that. So anyways, this was on the watchlist this morning. I Mean we knew it was, it had potential. Unfortunately, right out of the gates, it kind of sold off.

You know it opened a little bit lower versus the pre-market high. It pulled back a little bit, it did a red to green move to 277, then came all the way back down to 227 and then it popped back up to 277 again. and then it came back down. So I was sort of watching it.

Not sure it was really gonna be in play, but it was on the watch list this morning and I did end up taking trades on it. Now let's go to the next one. Okay DT RM - cheap FF HL On the watch list and I ended up taking a couple trades on this one. What a disappointing move! I mean just at just absolutely hideous.

It's very, very disappointing. So on this one I saw it starting to squeeze up and I was already a little unsure whether or not I want to trade it just because the stock has a little bit of a history of popping up and dropping as you can see on this red day. Here with the red volume you can see back here on these days in these days, but you know the bell rings. it starts to squeeze up to 80 to 70 to 80 to 90.

and so I jumped in right here. It pulled back for a second and as it surged up I jumped in with 9,000 shares at $3 it pops up to a high of 317 320 and I sold it 316 and 315 and then added back at 315 and 316. About you know, 30 seconds later it pulled back for a second. A minute it surged up here to a high of 320 and in the next candle.

Look, you know I Pull this down to a 10 second chart just so you can see how violent this drop was in a period of less than 10 seconds. it from a high of 322 309 and then here to 294 and then right here all the way down to two dollars and fifty cents. So right there this this stock drops 75 cents. I Mean that is a really that's a 20% drop in 3 minutes, 30 seconds.

So on that one, I'm back in at 3:15 and then I ended up stopping out at 59 and 60 I go from being up $1300 on the name to down $1100 and that was I mean that there's nothing really more frustrating than going from nicely green to you know, a fairly big loss and but that's what happened and this is now at $2 so a really ugly move. just a harsh rejection up here. Not sure exactly why it happened, but that was very disappointing. So and that was my second loss of the day.

So at this point you know this was off the off the watch list this morning but clearly did not hold up. There wasn't really anything else on the watch list see Lro was sort of interesting a few others but nothing I was watching very closely. The only other one was TN XP Now TN XP was a reverse split so we know the reverse splits set up that we've seen on a couple of their stocks can give us big moves. So on this one I was wanting to jump in it if it started to squeeze up the bell rings and it starts to squeeze up.

So I went ahead and jumped in it. Move this over the bell rings, it squeezes up I jumped in at 474 and 475 3500 shares. it pops up to a high of 485 and 486. and then on this candle drops all the way down to 441 and I'm in here at 75.

So I'm down 30 cents on 3000 shares. That's a you know, roughly 900 dollar loss and then it drops here all the way down to 4 bucks and I end up stopping out some of it here and some of it down here. And on that trade I lost about 2500 bucks I mean I just got I got slammed down. you know it just did not hold that level at all and I had to eat the loss So very.

First trading the day, I'm down more than two thousand dollars within the first like minute. and this is a day where I decided to keep trading I have a daily max loss of two thousand dollars I'm down more than two grand. Generally my rule is to walk away and be done today because I lost two thousand dollars in this just you know, washout in the first minute of the day I Felt like on the one hand, rules are rules I'm down I'm red I should just walk away. On the other hand, it doesn't mean that there won't be good opportunities later in the morning.

we're only one minute into the day and so I said, You know what? I've made fifty six thousand dollars in the last ten days of trading I am red right now, but let's see the day through and see if something else pops up. So I sat for you know, a few minutes just kind of sitting tight and then that's when the FFA child trade came. So on the first my first trade on it I made 1,300 bucks and I went from being down you know, 2500 to being down only 1200. So I was like alright solid and then on the second trade I lost 1100.

So now I'm down you know $3,500 and I'm just like you know this is. this is frustrating I had now have I'm red on two stocks, two winners, one lose, two losers, one winner and I'm thinking all right well you know what should I maybe I should be done for the day and I see a Lqa pop up and we had it on. watch I see it break over the flat top of 277 and as I saw it, you know at that level just before the break I was like, well it looks interesting but look at how it flushed down here and here I don't want to buy it here and then have it drop again I'm just gonna wait for the first pullback. well it goes from 277 to 306 324 360 and gets halted on a circuit breaker now as it started to squeeze up right around 3:40 I started looking for the levels where it would potentially get halted.

So remember on Sterling Trader, let me find a stock with I can see it on I can see the levels where stocks will get halted. So this CL Ro will get halted going down at a dollar thirteen and we'll get halted going up at a dollar 69. So I saw those levels on al QA and I saw that the halt was going to be at sixty I think it was 61. Yeah, 61 and it was as it was squeezing up I was like okay I think this is going to go into the halt and when they halt going up, they usually open higher and this has a resistance at 385 and then above that level.

no resistance. So I jumped into it going into the halt right here at 48, 48 and 46 and tried to add going into the halt. I was aggressive on share size but very confident on the trade and I was 100% right. It opens, it hits a high of 380 I end up taking profit right in here and then adding back as it surges up right here through four dollars.

So on this one I just did a bunch of scalp trades, buying pull backs, selling into the squeezes, buying the pullback, selling into the squeezes and and that got me up a total of $3,700 So you know I traded through this one got some good gains on it and then I also took two more trades on TN XP and recoup some of my initial losses. My second trade was a red to green setup right here. is it starting to squeeze up I bought it going into this halt. this ended up opening and dropping and halting going down but then I got back out of it right in this area as it came back up so that one ended up not really being a loser.

I think it was like breakeven and then I got back in it here as it squeezed up again and sold up here in the 80s and 90s and then the rest as it came back down. So I recovered like twelve hundred dollars on t NX p FF HL e didn't trade again and so today it felt like a lot of it. Felt like a very you know a lot of hard work to get myself up $1300 because I went into the read and had to dig myself out of the hole. You know it is a day where I I broke the rules because I traded past my max loss and I think that because I mean you know al QA was certainly worth it because that made a big move FF HL you know just made the loss bigger and that one I I don't know I mean I took that trade and I was skeptical on the stock and took it anyways.

The first trade was a winner and then I got back into it and just very unexpected to have that type of drop so you know gave back my profits plus lost $1,100 I don't know, you know I'm gonna finish the day in the green so that's good. but it wasn't the easiest day and you know, definitely a close call. This was almost almost a red day. I would say you know in hindsight, what could I have done differently, you know TN XP I jumped into it right out of the gates.

but I did that because it was breaking the high of pre market. You know the pre market high was 450. It broke that level. it was squeezing up reverse flat stocks.

This is a setup that we trade quite a bit. We see usually good follow-through you know today I don't know. maybe it just wasn't the right day for this stock. I'll be right on it today and you know it is what it is I Don't know if I would really have traded this one any differently.

My size wasn't outrageously large. it just ended up, you know, really flushing down right there. So that was t NX p FF HL I wouldn't really have done anything that much differently on this one either. This was, you know, a whole dollar break of three.

Adding it 315 was risky, but at this point when I added I knew it didn't have any resistance on the daily till 366. so I saw a good amount of potential there for a move higher. This drop here is unexpected a Lqa. It was certainly aggressive to add where I added at 350, but I expected it was about to get halted.

momentum was really, you know coming into it I didn't want it to drop below 61 and it came back down and dropped all the way to 23 which was a pretty steep drop. but then it surged right back up. so not the easiest I Don't think I made a mistake by selling here and then adding back. holding the whole thing from 50 down to 23 would have been too much risk too much in the red.

So I did the right thing there, booked my profit and then got back in as it surged up, got out, got back in. You know $3,700 is pretty good, you know considering the way this move took place, but this is a combination of a flat top breakout on this stock and a red to green move which is pretty powerful. Remember a couple days ago on a NY we had a really nice red to green move right here, which was part of why I took the trade on TN XP as it was giving us that red to green set up because I thought maybe it would do something like this al QA I wasn't as confident in initially, but you know once it took off and really started to move I definitely was feeling better about it. So yeah, a bit of a choppy day, you know for all the trades I took and I've probably got about a hundred of them here.

You know my Commission's are gonna be on the high side and at the end of the day you know Green is good, but I really had to work for it today. So I've got to be mindful of the fact that my profits over the last four days have been decreasing. You know I made. Let's see on last, Wednesday I made $22,000 right there.

Let's say on Monday I made $4,000 So right there Tuesday I made 2600 right here and now today I almost at a red day but I was able to recover and finish up. you know, $1,300 so you know what's gonna happen tomorrow. Got to be careful. I don't want to see this trend continue and then end up having a red day tomorrow I Want to, You know at at worst have a couple of small green days or maybe small red days before you know the next big green day.

So that's something that I'm kind of aware of in my own equity as I you know, write this on the calendar and put it in the books. Here it's a green day, but it was a close call I had to break a rule to get myself out of the hole. The times I am most likely to trade past max loss is when I hit my max loss in the first like three to five minutes of the day because the reality is, there's still so much time left in the day to potentially get out of the hole if you have enough of a cushion in your account, so risk that trade number four could put me even further in the red, you know, then it's a risk reward kind of analysis. and for me, I certainly have the cushion in my account to be able to sustain a red day.

So if I had ended up finishing the day down $4,000 you know I can recover from it I know that I can both financially and just you know, mentally. so you know I sort of stay within my mental comfort zone. Anything down more than five six thousand dollars is getting pretty pretty bad for me. Definitely more than ten thousand is a bad bad day.

and the ways I've gotten to myself down like ten thousand dollars were setups like a TN XP where I ended up, you know, taking my starter at 74 and 75 and then adding at 80. What was the high here? 86? adding at 86, adding at 85 and having like 9,000 shares right here and then boom. it drops going down and maybe it halts going down, resumes lower. and next thing you know, I'm selling it down here for a thirteen thousand dollar loss.

You know that's that's the scenario. Having the big loss, you know it's a similar scenario though. that gives me the big winners which would be what was this. TN XP Ohryan Px where I add for the breakout and then you know double.

So I do have the nine thousand shares and then it squeezes up here in this nine to twenty thousand dollar winner. This was a $22,000 green day so you know you got to take the bad with the good. You can't separate them. This is part of trading dealing with the emotional ups and downs.

You guys know after those first two trades this morning I was feeling a little frustrated I had to take a breath, take a sip of tea and just say you know what if today ends up being a red day. Disappointing as it is I can recover from it, you know, just step back. a quality or nothing and I was pretty much prepared after those two trades that I was done for the day because the reality was we weren't feeling it. You know we weren't seeing the big breakout so we weren't seeing the big moves and it's always better to just finish the day.

You know, down four grand than down eight grand and it's not worth taking trade for five, six and seven if there isn't something moving but the fact that Al QA made as big of a move as it to justify taking that next trade. and so for those of you guys that may have still been in the red and then decided to take this trade here I would say that was the right move. This was the right type of stock to you know, go back for another trade on and you got that breakout. You know if you had taken a stab here and here and lost on both of them, then you took another stab here.

You know at a certain point you do have to know when to walk away. but I think today I made the right move by sticking it out. But I did know that this was either going to be a good-sized red day or a pretty small green day. You know it was kind of one or the other and I was able to get myself into the green.

so that good 11th green day in a row. I'll mark that down as well so the hot streak continues. I Guess now about $57,000 in the last 11 days. two more days left in.

November I'd really like to finish up with two more green days I've got right now. two red days on the month you know which is which is pretty good. You know for sure to only have two red days. I Kind of allocate one red day a week down about $2,000 and this month have just been a little ahead of schedule or kind of above my average by not having four red days at this point, but only two.

But like I said, today was a close call. We still have two days left. so I got to stay focused. Try to finish up this month in really good shape.

Really don't want to give back a lot of that profit. Just try to finish green and then go into December feeling good. All right. So that's the game plan.

We'll be back at it first thing tomorrow morning and I will see you guys in a chat room around 9:00 9:15 for our pre market analysis. All right, I'll see you guys that if you're still watching, you must have really enjoyed that video. So why not subscribe and get email alerts any time? I upload new content. Remember when you subscribe, you become a member of the Warrior Trading family.