Okay so this morning it is Cyber Monday and we are, um, continuing our biggest sale that we've ever had. 50 off your one-time membership fee at Warrior trading. So for those tuning in on YouTube if you haven't already checked out our membership tiers, come over to the website Warriortrade.com Well you can just come to the website and then you go up to Um the menu and come down to trading courses for all level levels or ways to join. And this is where you'll see here our membership comparison.

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Big Sale 50. save 50 off on your one-time membership fee and once you've paid that, you're good to go and you just have to choose your tools, whatever works for you and you can always upgrade or downgrade at any time. All right, So let's see. Um so I Want to just remind everyone tuning in on YouTube to check that out this morning.

So far we've had a little bit of momentum so we're going to go out over the Gap scanner here. Um, atat gapping up uh, Tbla leading gapper at 51 percent, talk second leading Gap or at 36 and then we've got um, let's see uh, Ktra. So Ktra you know the thing with Ktra I wasn't totally sure whether or not it would hold here I'll take a starter at 85. this is a sub view app trap on Ktra and I'll add at 95 for the Breakthrough five dollars.

So watching um 4.95 on Ktra for a squeeze over five so there's 490 on the ask there's 491. I'm just going to take the 117 and then come back at 95. What? I'm a little bit nervous about and what I just saw after I got in was this double top here at 95.96 So since it came up and tested that and also for what's worth I really wanted to get in at 480. my fill was 485.

So 117 dollars so quick little base hit there and then I could just get back in if it holds. If it proves itself and if it doesn't then boom no no big deal I won't take another trade on it. Small winner. One trade is fine.

Okay new orders at 96. if it can break through this level so we get the break over V web then a pullback. we'll see I don't know. So small gain on that trade right now.

Okay so Ktra mics uh this one has pulled back a little bit as well. It's below view app right now so no trades on that one. Foreign I was saying before that I think some of the ones I'm going to be the most interested in will be recent IPOs ably recent reverse splits. Spcb had news earlier, popped up a little bit but then pulled back.

So Jersey says can someone like me with no experience whatsoever be able to learn how to trade? Well so what I can tell you is that if you go through the starter class and you spend a month in the community, you're gonna know by the end of that month whether or not this is something you should keep focusing on because the fact is there, there's people that have never trade once in their life that sit down. They figure it out, they have discipline, and they follow the rules and they can do well. And then there's also people that have never trade once in their life and they sit down and they're a mess. and they're not able to trade well, so you'll have to make that decision for yourself.

But what I can tell you is that you'll know pretty quickly whether or not you have what it takes, whether or not you feel like it makes sense, it clicks, and whether or not you even really like it enough so you know that's my two cents. Give it a try and if it's not a great fit and you don't don't want to keep going, well, that's fine. It's better during that first month or whatever that you're not trading with real money. So either trading a simulator or just study and watch before you put real money on the line.

That way you know your total cost is is pretty minimal. So I always tell people and I'll put up my disclaimer here that my results are not typical, that trading is risky, and that there's no guarantee you'll find success whether you trade on your own. You learn from me, so you just have to be aware of that. And you know, try to take it slow.

icad. Yep, that had news as well. Foreign. So sometimes there's a misconception.

There's a question there. Does it make sense just short stocks in a bear? Market I Think there's a misconception that if we're in a bear Market that you'll just make money shorting because if you're at I mean if you're swing trading and we're in a bear market, then that's probably true. But if you're day trading, you know intraday price action. I I Don't think that there's uh, enough of a um correlation there that just because the overall markets bearish, that you'll do better training the short side because in in fact, Bears and Bulls both need the same thing.

We need volatility. We need stocks that are moving. so when we get into a really slow Market it's slow for both buyers and sellers because there's just not enough volatility. Now there are some times where you know if you just are having pops and drops and you don't like chasing them, maybe you would do better just shorting off the top and that works.

and works and works. You know, until you get the one that goes crazy. and if you didn't do a good job managing your risk, um, you know then you could have 10 good base hits and then one trade wipes them all out. But the course that can happen to the long side as well.

it. so that comes down to risk management and discipline stopping out. but it is. You can get squeezed so quickly and so that's that can be tough.

Ktras still kind of right at volume weight, average price. Yeah, so it's good for the Bulls is good for the Bears and that's volatility. Okay So we've got about five minutes at the top of the hour four and a half minutes. So at the top of the hour what I want to do is I want to see whether or not there's anything here that um has news so we could have breaking news and that would certainly be something I'd want to watch closely I Had pixie on a side chart for uh, most of last week watching for um, you know possible news and a break in this pattern.

but now it's pulled back for two, four, six, eight days. it's been pulling back for a while. Yes, absolutely. Dips are great and as much as you can get dips, that's definitely the way to go.

The only problem is that sometimes in the case of like a Ktra, you'll see that you're basically just getting a move without a solid dip right you one minute micro pullbacks, but that's it. So if you're not willing to sort of Chase that move up then you might end up missing the whole thing. So there you go. There's up to 94.95 so now you're five minutes starting to form.

But is it going to hold here a little Churn 96 97 . your high is 510. So notice that candle high volume red candle. It was churning at the top and then traders that bought in there I I Either that they sold or some short sellers sold, there was more selling and it you know, pushes the candle back down, ends up closing red.

Foreign? Yeah. I Agree. Steve With all that he's saying, people who succeed quickly have a fear Gene missing in their makeup. they're bigger Risk Takers and build confidence in a winning system quickly and he thinks it's easier to trade If you have a main job that's funding your risk taking and trading and that makes sense.

100 I Agree S-a-t-x high was 79 is pulled back down here to 22.90. back at the 20 moving average, you've had a couple days where it tried to pop up a little bit so you know we could be due for a dead cat bounce, but that was the day it hit the high and it sold off room up to like 26 Maybe Atat consolidation light volume under 1240 8 12.50 to daily curling pattern as well. room back to 1316 and then 15. and then blue sky above there 1705.

Okay so top of the Hour 9 A.M 901 KTRH That red candle there is the one that kind of breaks the pattern for me for right now. You just don't like that so much. Of course it's just one candle, but you know we're now. we're back below the 20 moving average.

So in terms of what's obvious today I think that's a great question. Uh, you know, leading Gap or Tbla? that's not an obvious one right now to me because it's got a higher float. it doesn't have a lot of range, so usually I like the obvious one to be a leader, but that's not it. Talk second leader, but not obviously they're pulling back.

Ktra is the third, but is struggling a little bit. While you may, in theory have better risk reward investing versus trading from potential growth, you have a lot more potential to grow an account. Trading it because you're rolling that money over, right? So it it just is one of these things that you shouldn't trade real money until you know that you actually have a strategy down. And in the meantime, if you have Investments may not or you know you have cash, it may not be a bad idea to put that somewhere where it can earn a little bit.

whether it's a growth stock, which is a bit of a gamble, if it's a short period of time or a dividend stock, or even right now, you at least get a little bit on treasuries, but not a lot and not enough to really make it worth it with only a couple thousand dollars. Float's too high on Tblt? uh, sorry on both Tblt floats too high and Tbla Tblt Tough build so it really only takes one right. The goal of a Trader If you can pull 20 cents a day out of the market with a thousand shares, that's 200 bucks. So where can I find 20 cents? Well, it made sense with an entry here on Ktra at 85.

Uh, where was it somewhere around here that if this broke 95, we could get a move up to 510 which would have been 25 cents so that one had the potential? It didn't work out, but still a small winner, So that's fine. Um, Tbla I Don't think I'm going to get 20 cents out of that Cgtx. Let me look. Cgtx: Yeah, so that one's a little bit of a continuation stock.

Um, has a candle back here. That made a pretty big move so it's not impossible. Float is a little higher, not a lot higher though. 21 million shares Nrbv? which one was it? Nbrv? Yeah.

I Know it popped up earlier and then just kind of. you know, petered out a little bit. People have lost interest in it I Don't know, but that's the sentiment of the market, so you've got to be dialed in on the sentiment. It's not enough just to be like, oh, this stock is got great news.

It's going to go up. What's the sentiment? Are people buying right now? or are people hesitating? And right now people are hesitating because it's been a slow couple weeks, right? I'm only up 117 today, so you know I'm usually a pretty good size. Trader and I haven't been throwing down any big days recently, so hey, look that's part of trading. I mean if it was, if it was huge green days every day and those days only got bigger, you know I mean you'd have it would.

You'd have day traders who would be billionaires. but that's not the way it is day. Traders You know we have Ebbs and flows. We have ups and downs and you know most.

Traders I mean there's I'm sure there's a few out there that have just absolutely killed it and had you know, five, ten million dollar a year or maybe even more. but they are the absolute exception. I I'd Be curious to know what is the average profit that a profitable day trader generates I mean profitable would be. You know, anything more than a dollar if you technically would be profitable on the year.

So um, I guess you're those people that are up only 100 or 200 would certainly bring down the average. But but let's just say like you know what's the average for people that are actually you know, doing it and making good money I don't know that anyone would, um, keep it as their focus if they're making less than 25 000 a year just because you know I know. side hustle. You know, 25 000 a year on a side hustle is not bad if you're only trading for a couple hours a day.

but most people probably want to hopefully be moving higher to 50 75 to 100 or at least see the path to get there. Okay So we've got about 22 minutes to the opening bell. We're having a little bit of a slow morning here. Jared says Google says average profitable is 116 000 a year and the top 10 percent make 198 000 a year.

That's interesting I Don't know where that comes from, but uh, that's interesting. Yep, don't blindly follow me or anyone else if we look. If there's a really obvious stock and everyone is trading it, then everyone's trading it because it's obvious. But you got to understand why you're buying where you're buying, right? Why am I getting in here? What's the setup? Is it an ABCD setup? Great is you know Hamang and Max and Jorge and Ross trading it too.

Okay, fine. that maybe is helpful to see that other people like it. We could still lose. We could all lose on it.

It could end up failing. you know? So it. That's just the way it goes. But to just blindly follow with no understanding of why? that's a problem.

Now there's other people out there that'll tell you just. You know the exact opposite of what I'm saying. Um, they'll just email you, text you trade alerts, and say all you have to do is just follow the trade alert on the tell on the phone and you'll make money. But I'm not going to tell you what you want to hear.

I Don't think that that's a realistic way to trade. There's too much delay between the initial trade being taken and you getting that alert and then you enter in the order. The winners are always going to be smaller. the losers will be bigger.

It's just not. You have to learn to catch the fish on your own. But that doesn't mean that. Uh, you can't learn from people who are really good at it.

So again, for those tuning in on YouTube it is Cyber Monday and we've got our 50 off coupon code right now. Active Big Sale 50 will save you 50 on your one-time membership fee. Think of this one-time membership fee as your library card. This gives you access to classes.

You have the Warrior starter classes, the Warrior Plus classes or Warrior Pro classes. Pro includes everything plus includes my top five most popular classes, and starter includes just day trading. The basics, day trading, the basics and strategies and scaling. Rated best comprehensive day trading course by Investopedia You can check out these if you want on our website and you can see the table of Contents here.

What's covered the length? This one's 18 hours long and strategies and Scaling is 78 hours long. So these are not you know little YouTube videos. These are well produced classes based on me trying to export everything I Know about trading and put it into a Um A curriculum. This is 20 chapters here all right now a warrior Pro member also has access to all these classes here.

Additional courses: Trader Rehab Trading Psychology My Live Trading archives Mentor Sessions Swinging Options trading I'll go scalping trading in our IRA and then we have classes by Warrior Pro graduates. These are available for pro members as well. Chris's class is the next one to be released that one's coming soon. Among's class will follow Chris's and Danny and Jess's classes have just gotten uploaded recently and Max's class will be coming soon and Jorge's got a Futures class that he's working on as well.

So the membership card is uh, the library card gives you access to the classes uh, any. if you don't have any tools, that's fine. However, you can join uh, the chat room or chat room and scans if you want to add trading tools onto your uh, sort of. you know, one-time membership fee just for the classes.

So some people will say well I just want to take the 50 discount now on the classes and just get into it. I'll add tools later and that's fine. Add tools whenever you want other people are ready to go all in and add the tools now and want to be in the chat room and listen over my shoulder. And and that's cool too.

One of the nice things with this community. You can see Jorge's guy's million dollar badge. You can see traders that have bigger badges. so 100K for Chris there is Pierre posting a piano so you get to develop a little bit of a sense of 500k for Jess Who in the room is a actual profitable Trader which is something that you can't really.

uh, you can't really tell on YouTube And by the way, if you are a former Warrior Pro member as MK indicates older memberships considered under the one-time membership fee, it depends. So we for all of our current members who are Warrior Pro Warrior starter member, we're considering that you've already paid your one-time membership fee if you're a pro member and you joined Warrior Pro a year ago or a year and a half ago and you let it lapse. Most likely we would look at that. We would say you've already paid your one-time membership fee.

So if you want to come back, you want to restore access to the classes. All you need to do is subscribe to one of our tools chat room for 97 a month or chat room and scans for 197 a month and then we would restore your access to the classes as well. we want to encourage you to get in those classes and and keep studying. so just shoot us an email team at Warrior Trading.com and we can look at your account and see when you joined uh, you know and everything else.

So we do have some things for older members uh, or former members. so member loyalty is important and we want to do everything we can to help you in your journey. And thank you guys on YouTube for hitting the thumbs up! We've got 15 minutes to the opening bell, 14 and a half minutes to be exact. I'm sitting at 117 on the day I Remember the Hot markets 117 on the day meant 117 000 on the day I Also remember the thankful Thursdays where 100 of my profits were donated to charity in the day I Remember the day I made 73 000 or something like that and every time I made another five thousand I donated it to charity, another 5 000 donated it by the end of the video I've donated in one morning 70 almost 75 000 dollars.

Let's see. so we've got about 13 minutes of the opening bell tbla I'll take another look Nathan If you go to the Warrior um dashboard you go to the dashboard and you'll see on the dashboard a couple of different things you'll see. Um, click here to read our FAQ on charting and our new memberships so you can check that out and you can also check out the renewals. So for current Warrior members, we're giving you the chance to renew at your current rates anytime between now and the end of the year, right? Well, of course the Black Friday sales will end um soon.

and so when those end, that discount will will go away. But we'll do another sale around Christmas time. Um, it won't be as big as the sale that we're running right now, but it'll be. You know, we'll do some small Christmas sale something a little I Don't know.

Maybe we'll do it just on the starter. In any case, we'll we'll announce that later on. So um, yeah, so you're welcome to renew your membership at your current rates starting next. um, next year in January you would be able to add time based on the new rates and so you can check out the um, the FAQ link here for some more info on that.

And yeah, if you're if you expire in March and you add a year right now, it's going to add that year from March through next March So we don't overlap so it always adds to the end of your current uh subscription, so don't worry about that. Yeah, tbla, it's coming back up. but this one for me is just. um, this one's just too much of a grinder.

S p is still up around. It's a little below the descending resistance level, which you can see this yellow trend line. So this is the overall market. We've been in a bear market now, right? for 2021, this will go down as a 20 sorry 2022..

this is a Bear Market year. Uh, and you know the question is, do we? What is the rest of the year have in store for us? We could come back down. You know, towards the low. It's not super super clear line in here.

but in any case, we could We. You know we could end up bouncing off of this Um descending resistance line and sell off back down towards the low. However, we have a couple of fundamental Um data points that make me think that might not happen. The numbers, uh, that we've gotten the last few numbers of Um economic data have pointed to slowing, uh, inflation.

The slowing economic growth. So that could be good for you know, the Federal Reserve's goal of reducing inflation. So we'll see. Um, we'll have some more info on that in December but you know, some some bad data points on there probably would send us back down.

You know, if we saw a a big increase in inflation when we get the new numbers out, we would probably see a sell-off. Uh, if it continues in the right direction that it went in, um, the report that we got in November then maybe we do hold this level and maybe we start to get over it in maybe 2023, we'll see things open up a little bit. But yeah, I sure missed the April 2020 to you know October December 2021 squeeze That was nice. That was a nice bull run, right? Uh, so right now we're on a bit of a bear raid.

Bears Have come in and they've shaken things down a little bit. But this is this is the market. You know you have to expect that the market will go down. Whether you're invested in your 401k or your IRA or your trading, you have to expect there will be periods where the market will go down.

You'll have a 10 correction every couple years. you'll have a 20 correction every you know. seven to ten years. So this is part of the deal.

Can't be afraid of it. I Mean you know it's here. You know it's gonna happen. So some years are going to be better than others.

No Doubt And that's just the way it is. So if you're someone that's looking for steady, consistent paycheck every single week, trading is going to be probably not for you. However, you could take your trading profits and you could roll them over into fixed income if you want to. You know dividends and things like that and those would come in, you know, nice and steady for you.

But as you probably know, you need a fair amount of money at work to make any real significant amount from just, uh, dividend, fixed income investing. Unless you start doing you know these high yield, um, sort of, you know, junk bonds. but but then those have their own risks. So in any case, it's a little bit of a tangent.

But we've got about seven minutes the opening bell. So at this point, um, I'm just thinking that I'm going to watch to see where we have strength. The open right. Does something open up? Maybe, if not, no big deal, try again tomorrow.

Uh, and it's better to sit on your hands and be patient than to trade poor quality setups. So that's the biggest thing you can learn in a bear. Market is the discipline and patience will get you through. Yeah, I wouldn't buy a high-yield corporate bonds right now and with the possibility of a recession next year, I would I wouldn't want to do that? Uh, you know, but with the possibility of a recession recession next year? I Also want to be thinking about, um, you know the whole idea with trading is being self-sufficient making some money in the market, and so you know this is a combination for me.

When I got started Trading it was a combination of thinking about basically, you know how I could Achieve Financial Independence To you know, essentially retire early, right? That's the the fire um acronym Financial Independence Retire early and so I I I To me, day trading for like two hours a day? That's like basically retirement, right? I mean that's like come on, you're working like two hours a day. That's like not even work. Um, so that's kind of what I wanted and I was like okay, well you know how much do I need to make in order to live that life and what are some sacrifices I need to make. So some of the sacrifices that I needed to make when I was getting started was not buying a new car, driving an older car for a long time, doing my own oil changes which you know what? I enjoy doing chopping up firewood for my wood stove instead of just turning up the thermostat right? I had trees on my property.

living in Vermont a lot of trees, so there were a lot of things that I was able to do that made a meaningful, significant, uh, you know, made a big impact on my expenses. so it allowed me to live on less money. Living on less money meant even making thirty thousand a year trading was, you know, was good money. Now there's other people that are spending thirty thousand a month and they need to make three four hundred thousand a year trading to supplement their income in a meaningful way.

And you know I can tell you that you're starting from a place that is going to be. It's gonna be a lot harder to get there and your definition of success is going to be, a lot different than someone whose cost of living is 30 000 a year, right? So you know I mean I think for me part one of the reasons I was successful was because I started when I was young I didn't have kids I didn't have a lot of expenses and I was able to get by. you know, for those early years on not a lot of money. which meant when I had a day like a green day where I was up four thousand dollars that paid bills for the entire month and that was a big deal for me.

So you know I started trading just after the Great Recession that's when I really got into trading. You know, full time I had traded it a little bit. um, you know, in high school but in the early 2000s but that wasn't you know I I'd been interested in the market but I didn't make any real money I was doing it full time. I was just dabbling.

So you know for me, when I started trading, part of it was also because in 2009, 10, 11, 12. you know the job market in Vermont was terrible. there were not and there's probably still not that great. But the job market was not good and so I felt that at that time it was more likely that I would make money.

Um, you know doing trading then I would that I had more potential with it at least than um, you know, working a sort of low paid hourly wage job All right. So sitting here with two minutes to the Bell and I probably shouldn't step up to the plate in a big way today. But on the other hand, maybe just maybe today is going to be the day. So I'm going to move that order size up to 10 000 shares, start a position and if I see a stock starting to squeeze, I'm going to step up to the plate so that's my game plan with two minutes to the open.

All right, let's go. those of you guys tuning in on: YouTube Thank you for being here I Hope to see you in the chat room. Hope you use the big sale 50 coupon code. save 50 on your one-time membership fee and we're gonna look for some momentum.