All right everyone, good morning. So we've got about 15 minutes to the bell, so I'm gonna give you guys my watch list. There's no gappers there. We don't have any gappers that look good, so this morning I don't have a watch list.

Based on the Gap scan, I'll be watching the high Day momentum scanner right here when the bell rings. Our leading gapper is Nsec, but it's a buyout and it had more volatility than you would typically expect from a buyout. But the news is that it's a buyout. 1635 in cash? Uh, so you know, a nice buy out for anyone that was holding it, but realistically probably not very many people.

It's never really had a lot of volume. it's just sort of been like a a no-name company. It seems like reverse splits a while ago, but it's never really had a lot of volume. So anyways, I don't know.

kind of weird, but so that one's a buyout. The second leading gapper, Ards is a 12 million share float, but is very, uh, thickly traded and you can see just looking at the level two on it. the level two right now, actually not too bad. It was crossed there for a second, uh, 1918.

but you can see a big stack of buyers there, but then equal size stacks of sellers. It actually looks more like you know 40, 50 million share float or higher. So this one very sluggish price action. It's below the volume weight average price which is at 228, so no interest in that next one down.

Nxtp 73 stock only 7 000 shares of volume with a 68 million share float. I don't even have to look at the chart to know that I have no interest in that stock. Lvo same no interest, don't even have to look at the chart. Hofv Don't even have to look at the chart.

The float's too high, The price is too low Gl Pg the float's too high. The price is too high. Now Price is too high. Floats too high.

Hzo Kern no Price is too low, Both have no volume. These are now getting into sort of the bottom of the gap scan. Uh, there's just nothing gapping up with uh with volume that looks good. So if you store it by highest volume, you would see that you've got some gappers in the lower price range ar Ds that we already looked at that's got more volume.

Doyu has more volume, the floats higher, but these aren't the type that I would be wanting to day trade so I don't have any interest in these ones. Um, sorting by float, we've got some high float gappers. Both to the downside and the upside. some low flow gappers.

Nsec, We already looked at Tsri. This one's got no volume yet. So one of the things I had mentioned was that uh, you know at this point obviously we have these ebb and flows in the market where we have hot streaks, we have cold streaks and that's sort of. regardless of the strategies that you trade I suppose.

But um, you can see losers sort of clustered together back there in September, a couple losses. there. a couple losses in this area, kind of clustered together. so if I look at my calendar, you can see that the last like two weeks has been pretty brutal.

The good thing is when you're kind of at the bottom of these cold streaks, you know it can't get a lot worse. So it can only get better. And that's something to be optimistic about. It's good to keep practicing.

It's good to stay sharp. It's good to keep watching the market and watching for opportunities. But something that is challenging is during cold streaks in the market. Um, you know and it doesn't really matter, you know, and you know you could see.

I had a really nice green stretch through October, November a little red in December, a bit of red in September, July you know, not great. April not great. May a two-week stretch there that wasn't great. January a two-week stretch there.

So these are. You know all of this is very common. This was actually a six day red stretch. One two, three, four, five, six red days in a row there from February into March of 2020.

So November was terrible, you know? So I mean it's just. it's just the way it is with trading. You get through the cold streaks and then you get the hot streaks and the hot streaks. wouldn't feel so good if you didn't have the cold streaks that created that balance that makes you feel so, uh, so low.

When when you're down, you feel like you're never going to be up. When you're up, you feel like you're never going to be down. But the market gives you those reminders that it is always. There's always a balance.

There's the hot momentum, then the cold momentum. so you know we're in a little bit of a obviously cold stretch right now. and uh, the only thing we can do is, you know, hunker down and get through it. And so that's what I'm You know that's what I'm doing.

Same as as everyone else. Looking forward to getting to the other side of it and we'll be very grateful for the gains. Uh, when I do, so you know, as I sit right now, I I just I think that and something to be mindful of that's challenging is the fact that you could have you could have a chart pattern and I'll just, I don't know. Let me just find a good chart pattern just to show you.

For instance, um, oh, let's see. um where's a good one? Um, well, these ones actually aren't super good examples because they're all stocks that have already been pretty strong. Um, I mean the stock you know has already been strong because it went from 8 all the way to 24. um, you know maybe maybe something like this.

You know, Orgs? Whatever. So you know, say you have stock that had gone this morning from 5, 20 to 6. this is the chart you're looking at and if I was looking at this and we were sitting at like 580, I'd be thinking, okay, I'm a buyer over six, but this same chart in a hot market, you get the break of six up to 80 642 7 halts up in a cold market. The same exact chart may not get that follow-through and that's really hard and confusing because it's the same exact chart.

So how is it possible that the same exact chart resolves so well in in one instance and so poorly in another? There's an underlying component that you know is will lead to the success or failure of a chart. And it's the, uh, trader psychology in the the larger market. Especially for Momentum. Are we in a market where we're seeing a lot of momentum? Because if you are, you're gonna see a lot more buying.

You're gonna see a lot more volume on the breakouts. Short sellers are going to be more cautious at shorting things that are strong. Momentum traders are going to be more aggressive at buying things that are strong that creates a stronger imbalance to the buy side. The same setup in a cold market.

Short sellers are going to be more aggressive. They're going to have big orders lined up at 6 6, 10. Whatever. Long traders are going to be more cautious.

They've seen enough stocks pop and drop that they're not going to want to get smoked. So they're just going to sit and wait. And even short sellers might just sit and wait because they'll think, well, what am I going to short this at six down to 580? That's That's not even a big winner. We all do better when there's more volatility.

I mean, that's just, that's a fact. But um, you know if we're not getting, if we're not getting that that price action then there's really nothing we can do. So my philosophy is, uh, you know, to be looking and waiting for the next stock That surprises us, It's gonna have to be a surprise. Something that looks predictable like this.

You know, I think initially it's gonna, you know it's gonna be a struggle because there's so many traders out there that are just sitting on the sidelines waiting for uh, momentum to pick up. and if you keep trying to take a stab at the first one that looks good, you know you could have 15 in a row that look good and you think is the one but just keep failing. So a couple you guys just called out Mdjh. let's see Mdjh.

So this one, um is. You know it's on the Gap scanner here. It's got a 1 million share float which is fine, but look at that first candle. It popped all the way up to 1 to 287 and then dropped all the way back down.

So the pivot right there is 56. how can you trust it? How can you trust that this will break that level? Does this have news? Doesn't have a lot of volume? It's below the 200 moving average in a hot market. None of that matters. In hot market, this thing would probably already be at three, but in the market that we're in right now, we just keep seeing short sellers lining up and you keep seeing long traders sitting on the sidelines.

So you know, prove me wrong. Maybe this will be the one that goes, but this is the range that it's in. 23 low, 56 top, So 23 down there is the bottom. If it breaks that level, it's going to pull back.

If it breaks over 56, your next target would be up here at 87. But basically what happened on this is in in two candles on very light volume. You know it made a big pop and now it's in the consolidation range. As you know, traders are just looking at it and asking, can I possibly trust it? What's the daily history of this stock shows some pops and drops.

You know there's some green candles in there, but pops and drops. So I'm mentioning it's a Chinese company, so we know that those are a bit more heavily shorted right now, Which mean not to say that it's got high short interest, but just that traders expect them to pop and then fade. So I mean you know this is the second leading gapper and at this point there's no trade on it. I mean, it's it's hard to trust and that's the challenge.

So you know, hey, if it proves itself, if it goes to 290 to 3 and halts, then that's fine. But the fact is, even then I'd be a bit nervous. You know, an Sra. Two days ago, we had this nice rip through V wap into a halt and I was like, all right, it's game time here we go.

It resumed and just sold off completely. So we had kind of a little bit of a a short little burst of momentum and then it just it faded, it was gone. and that was it. So that's you know again, some a bunch of people have asked, have you seen anything like this before? You know, is this normal? I've seen all of this before.

None of this is unusual, these are just. this is just part of the ebb and flow of trading and one of the things that's challenging as a beginner traders. you of course want to try to build consistency And it's easier to build consistency. Obviously, when the market is hot, it's harder when the market's cold.

One trade a day the small account way. But in a market like this, you may not even see one trade a day that that is trustworthy and so then you have. You know multiple days where either you're forcing it and trading kind of not very good setups or where you're just not trading at all and you feel like I'm not really getting in my practice here. I'm not getting my one trade a day.

I'm feel a little impatient and I get that. I mean I feel that way too. Even though I'm not doing a small account challenge, I still feel the same way. I want to be trading every single day.

I want to be booking some profit, but I have to be careful not to. You know, end up forcing poor quality setups and digging myself a hole. And that's what I'm not super good at. You know, that's been my week.

Weak point is that you know I trade aggressively. I go big and when the market's hot I crush it. But when the market cools off, you know I kind of just keep getting caught in those bull traps and I dig myself a hole. And that's what I've done here.

In in January I went from up 100 000 on the month to down 10 000 on the month so I gave back like 110 grand. It's I'm not, you know super happy about that. but it is what it is and I I you know I feel I have this frustration of, um, because this you know happens to me like every you know you you go back to long periods of time. It's like every couple months you know I'll have these draw downs where I'll you know, give back 100 grand or whatever it is 50 grand and then I have to dig myself out of the hole.

Sometimes I'll do it in one day. In December I lost 55 000 in one day. Boom Gone now. I made it back the next week and was back at my back at the top.

This has been, you know, two weeks. Um, you know these two weeks here. Sixteen thousand, Two thousand, thirty nine thousand up, Three down, thirty eight down, Eight thousand. You know.

So these are these: There's no one in the world as a trader who's gonna feel good when they're read. Five out of six days. No one on this day here. Thursday after these five red days and small green day is going to feel good.

Uh, you know and I can't help but feel like I've You know I I made a mistake and I did make a mistake. I made a mistake on this day by being way too aggressive and getting stubborn. And I made a mistake on this day by giving in to Fomo and being too aggressive and getting stubborn. So the thing that you know people say well, it's important to you know to have losses because you can learn from them and I'm like, well then why? why have I been trading for as long as I've been trading and I still catch myself, You know, falling into these traps in the market? That's where I start to get really frustrated myself that I you know that I I don't learn And then I also sort of think, well, maybe it's a perception issue.

Maybe I shouldn't be looking at this as, um, looking at these losses as mistakes or as, uh, failures because they are just one component of a strategy. It's the other side of the coin. It's the balance. It's the yin and the yang, right? There's the green, and there's the red.

And no strategy would be a strategy if it didn't account for some degree of loss. So this is just maybe. that's why I don't feel like you know I'm learning because the strategy will always have some degree of loss. So, but there's 11 million dollars of profit that stands behind this strategy.

So anyways, you have my watch list. It's thin, uh, but we'll be watching the High Day momo scanner. Thank you for those tuning in on Youtube and Facebook. We'll keep trading for Warrior Pro students.

I do encourage you guys to join if you want to tune in for the whole broadcast from the moment I start streaming until the moment I turn off the broadcast. And let's see if we get any opportunities today. And if not, we'll be back at it tomorrow and keep.