What's up everyone? Alright, so here we are: Third day of January 2nd Green Day in a row. well actually pull out my December calendar. but any case, another Green Day of 1700 bucks this morning tea three trades straight off the watchlist Made the watchlist pre-market between 9:00 9:15 By 9:30 the bells ringing I've got the three stocks I'm already watching Boom I take trades on one, two, three 1700 bucks by 10:00 a.m. and that's it.

I'm done. I Don't think we're in Homerun type of markets right now. It's still about base hits, but these base hits aren't adding up Mm yesterday's 1700 today. I'll see what I could do tomorrow.

All right. So any questions on today's recap put it below: I'll come back through and answer later this afternoon and I'll see you guys first thing tomorrow. All right everyone. So we're gonna do our midday market recap here.

Go over the trades from this morning today I Took three trades straight off the watch list and I'm gonna finish the morning up 1700 $3.30 which is not too bad. So second green day of the year I'm gonna write it in my calendar make it official Day two plus one thousand, seven hundred, three dollars and thirty cents. So today you know again I Still think we're in kind of a 1500 to 2000 dollar day type of market. It's not what I would really call homerun trading.

This is more of base hit trading, but these base hits certainly add up now. I'm up 3700 on the month and you know first goal will be 10,000 and then 15 20,000 you know just kind of continuing to make progress. These are small steps, but there's small steps forward at the least. So this morning, you know, starts the same as any other day.

It's kind of, you know, broken record in a way because it's really just sitting down and doing the same thing every day. In the sense of we open up our Gap scanner and look at the stocks that are opening higher. Now we've got. You can see the top 10 stocks.

These are the ones that are sort of the most significant to look at. They are really exceeding the standard deviation of the market. The overall market in fact was gapping down overnight. So some news out over night markets gapping down a little bit.

Overall market is dipping a little bit and that doesn't really matter for these stocks. These are bucking the overall trend and moving up. So why is that? Well, generally speaking, it's because there's some type of news. So see HFS this one gapping up on dividends but only four shares of volume so really nothing there.

Next one down, Kt O V gapping up 65% I Mean this stock was at 80 cents yesterday and this is a dollar 19 Right now they have a new deal. They've signed a distribution agreement which is good I was not super super interested in it. mostly because I don't do as well. under $2 you know I I do it's I said they don't make money on stocks under two I Do I just don't make as much as I do on stocks between $2 and $10 $2 and $6 is sort of my real wheelhouse of where I make the most money.

So you know that I kind of want to find a stock that's really in my wheelhouse first and then if I can't then I'll kind of look out at the other. So Kto V ended up not really getting the top of the list here for me because there were a couple others that look better. As it turns out, it really didn't do that much. A break of pre market highs would have been an entry at about a dollar 29 and it hit only a dollar 34.

so really only up 5 cents per share. just not enough to really make much money on. Next one down a Lqa and you'll notice they traded this one - made two hundred and three dollars on it. So a Lqa had news out pre market and had a pre market high of two dollars and ninety cents.

As you can see right here, it pulled back it then squeezed up to a sort of pre market pivot of $2.75 which I'll mark right here. So 275 was that pivot eye on this one. Was a little cautious knowing that the last day it gapped up. It sold off this red candle here, but I did take a stab on it out of the gates.

So I'll sort my trades here. Let's see there we go. So I took two trades to buy orders at 275 and 277. This was anticipating a break of the pre market highs or the pre market pivot of 75.

and then once the break happened, I went ahead and added another 3,000 shares. So I had six thousand shares at an average price of 276. It popped up to a high here as you can see of 285 and I quickly took some profit off the table at two 81. So a to 81 I was taking five cents off the table of 3000 shares.

That's 150 bucks. So you know, getting myself green now on these types of trades. within even two to three seconds, we typically expect a retest of the pre-market high. That's how fast these stocks can move out of the gates.

So the fact that it was only at you know, 281 I was like, all right. I got to start reducing my risk if he had squeezed right up to 290 I might not have sold any of it I might have instead even added to the position because now it's moving and it's really proving itself. But in this case I took some profit off the table at 81-82 and sold the rest at 78 and the balance at 66 which I lost $75 on. Now I got a little distracted because I ended up quickly jumping into a DI L while I was still holding a Lqa.

So the way I set up my trading platform here pre market is: I have the two stocks, three stocks in each one of the level two windows and so I'm in Al QA and then down here I see the other ones squeezing up and so I quickly jump over and press the Buy button. Boom Boom So Al ad IL was also on our watch list this morning. not because it was a Gapper you can see here, this actually was not on the Gap scanner right here. However, it was one that we were watching yesterday and and trading and it had squeezed up to a high of 650 after just going into the close and held that level after-hours consolidating here just under the half dollar of 650.

So I wanted to buy this as 650. Well, the bell rang and it ended up squeezing up a little bit without me but being pretty confident that it was gonna retest seven dollars and then it had room on the daily chart all the way up to 745. I went ahead and jumped in it at let's see 662 and 665 I got a partial fill on this so I had only 4500 shares I then sold the rest of al QA so I could focus just on this one. It ended up hitting a high of 694 but then coming all the way back down to break-even So I said well, I've got 4,500 shares I better reduce my risk and sell half of it break-even and just you know, whatever, it's better to be breakeven than be at a loss.

And so I sold the rest of it at 72 and 59 and actually lost about $90 on that first trade which was disappointing because it squeezed all the way up to 94. But then it came back down and what we had here at 75 was a 15,000 share seller. So 15,000 shares seller sitting at 675 and I thought, well, you know that's either someone trying to take profit or a short seller but doesn't seem like it wants to move so or break that level so I'm just gonna stop out. it dips down to 650 and at that point it could have also just gone all the way back down to low.

add a 625 so stopping out was the right move. It then curls back up and I'm watching that 75 level the 15,000 shares seller and it goes 15, 14, 13, 12, 11, 10, 9, 8, 7, 6, 5, 4, 3, 2, 1 and boom Boom! I Punched the order twice for 6,000 shares at 75 trying to scalp the break of 75 expecting an immediate retest of hi of day and that's exactly what happened. We got the move here up to 7 dollars and 18 cents and I was selling into the squeeze taking a little profit, a little profit, a little profit and selling I guess the rest at 99, adding back at 709, getting a partial fill at 717, it then dips all the way back down to 75 right here and then as it curls back up on this one-minute candle of 715 I was getting back out on the ask at 709 and 7-7 So I actually on this trade from 75 up to 7 made about nine hundred and ninety dollars, getting me from down 92 up eight hundred and ninety and then actually I made about a thousand and then on this trade here I lost just a little bit but not not much from 709 3 thousand shares, selling it around 705 piecing out you know, selling small pieces just to unwind the position on the ass to try to get the best price. So not the easiest trade in the world, but you know Green is good and this one's been pretty volatile as you can see, but we volatility comes opportunity so you know Chris is one of our students who's been just getting into the classes and I know he took a couple trades on each of these stocks this morning.

he's still trading in the Sim and he was read on all three and so he was feeling. you know, a little frustrated as we probably all do is you know, beginner traders who you know have a day where you're read and so what I said to him I said don't beat yourself up, You know the fact that you're read is not that big of a deal as a beginner trader. What you can see is the fact that within each of these stocks was opportunity. and for me, on a day when I'm read, it's a reminder that as quickly as I lost money I could have made money if I was on the opposite side of the trade or if I had a better entry.

One of the challenges with really all of these stocks is getting in and out quickly and so one of the things that I always try to do is I always try. Well I always buy the ask so if I want to get in a stock like a Lqa I'm gonna buy it right here at 3738. I'm not gonna buy it the bid because I won't get filled but then I also try to sell on the ask. so I'll put an order.

you know if it's at 37, I'll put the order right at 37 to sell at that price to try to get the best price because if I sell at 35 I'm losing two cents per share on three thousand shares. That's sixty bucks at the same time. If I don't get filled on the ask within twenty or thirty seconds, I'm usually gonna cancel the order and hit the bid because it's more important that I do lock up profit now on some of these stocks. The the biggest issue is that you've got to spread.

So here the spread is 58 by 65. You know that's a seven cent spread, but there's only 200 shares of a buyer at 58. So if I press the sell button at 50, might get filled at 51 and 49 and maybe even 48. So in those cases I'm going to be much more inclined to try to sell on the ask at 65.

and what I might even do is I might put an order at 60 and press sell to try to cut in between the spread. or maybe 62. Now doing that quickly with your manual orders is not easy if I put an order between the spread. I'm always going to use a hidden order that way it won't display I Believe my orders automatically route as hidden that way You know if you try to cut between the bid and the ask and you're selling 5,000 shares, all of a sudden it's gonna show 5,000 shares for sale at 60 and the market people are gonna see that's weakness because someone's cutting in.

So what you're able to do is use a hidden order. You can put the order between spread. If someone buys is 65, they're gonna get a better fill because they're gonna buy. End up buying your shares at 62 and you're able to unwind the position.

So it's kind of a win-win in that sense. but you know in this case I was actually just selling at the Ask small you know, small orders and then hitting the bid when I wasn't able to fill on the ask. Okay, so that was a viel. and then the third trade was BTA I and just going back to Ad IL You know the entry here at 75 was it was very precise.

I mean I knew the price that I wanted to get in to the penny I wanted to get in at 675. if I'd gotten in at 680 or 685, you know with 6,000 shares, I would've been getting in $600 higher than I wanted to. And since I'm only up a hundred and ninety dollars, you can see that the profit there, You know if it really does make make a difference, even down to the penny of getting the right entry. So you know my first entry at 62 I actually was paying 10 cents more than I wanted because I wanted to get in this at 50.

but I thought I had the potential to get to seven and I was right because it did squeeze up 30 cents. It unfortunately just didn't hold that level and instead of taking the profit when I was up 20 30 cents, I held it thinking that maybe it would break over seven, maybe squeeze up to 725 750 and actually end up being a home run and I didn't take the base hit when I had it. So the first trade ended up being breakeven and then on the second. I was that much faster just to take my profit and try to get green.

So the third one today that was on the watch list was BT AI this was on the Gap scanner gapping up 28% pre market high was four dollars and 50 cents for 55 actually and I wanted to be a buyer on this one at 4:55 that's where I was really wanting to get in I had a headline this morning so I had this one on watch right down here BT AI and I had my order ready to go I believe it like 75 I put it at 75 because at one point pre market the spread showed for 55 by 479. even though no one actually pressed the Buy button 279, it looked really strong. it looked like it was gonna move up. so on this one I had the order ready and then it's all of a sudden squeezes up here to 77 I see it squeezing up I want to punch the buy order to get in for the break over $5 but it just rips without me and I end up chasing it as I see it squeezing higher I notice the red bars here on the level - as you can see indicating that it's getting close to being halted on a circuit breaker and so I go ahead and jump in at 29.

I have another order to double. going into the halt, it doesn't get filled I sell coming out of the halt at 46, 60 and 64, it ends up hitting a high of e through 84, which was a pretty nice move overall. and I could have even scalped it here from 66 up to 84. but you know at this point in the day I was kind of feeling like you know what? I've had one loss today a small loss but I did have one loser and I just don't feel like you know the market is is really hot right now I think I need to be a little more conservative so I'm just gonna hold my position, take my profit when it feels right and so that's what I did so ended up making 600 bucks on that.

We was okay and then the last one that I noticed was a Ey e and I actually put out in order to try to short it off of this spike here. but I didn't get it filled and it ended up coming coming back down but without me so this one just kind of popped up. I didn't trust it but the spread was so big I didn't want to hit the bid on the short and so I didn't end up getting filled. So anyways, that's fine.

So three stocks I traded for trades Three winners: 1,700 three dollars and thirty cents. So a pretty solid day. Today is actually the first day in probably six months where I did get my buying power I did get an order rejected due to insufficient buying power that was on ad IL right here I think I tried to take another trade to go up to 9,000 shares when I was getting these partial fills and that order was rejected. So today I only have 44 thousand dollars in the account I was still holding some some shares of Al QA and a DI L must have not been a marginal stock.

so I wasn't able to use my buying power. And you know taking ten thousand shares would have required six thousand, sixty six thousand dollars in buying power which I didn't have. so the order gets rejected. like if I tried to place an order here for a hundred thousand shares I'm not going to do it, but the order would get rejected for insufficient buying power.

so it's just a pop-up that says don't have enough buying power and then you know you have to. You know, change the order or whatever so you know I have a little bit of a smaller account here I took money out at the end of the year I took out about a hundred and seventy thousand dollars in December So you know I am now back to a little bit of a smaller account, but generally it's not a big deal. This is the first trade that's actually affected me on, but it's actually probably for the best in that particular case because I would have just ended up buying it higher and probably taking a loss on that first trade. So to place a hidden order, let's see I Believe on Sterling, you can go to expanded order entry order quantity.

you would have to type in here or I think by default it'll be hidden if you don't type anything I think by default it's hidden Z Vzzt This is. well, there's no spread here. So yeah, I can't really do a test order and just find maybe a stock here. and let's put like a hundred shares as a test order.

So this has a big spread. So if I put a test mom I'll just put a test order here on this real quick. For a hundred shares of twenty-eight it shouldn't show up. No, it did.

So Zero. Okay, so you got a type zero there. So now I have in order to buy at twenty eight, but it's hidden so you'd have to type zero. you'd have to go to expanded order entry and put zero as your share quantity.

You can automatically hide your shares with your hotkeys in in the settings when you when you build them, but yeah here. I Guess you've got to put in the zero. So if you use the expanded order entry, that might help a little bit. just takes a little bit more room, but it's not that bad.

Alright, so anyways, that's it for me. I Hope you guys have a good afternoon and we'll be back at it first thing tomorrow morning. We'll finish up the week, hopefully with one more green day of trading. that would be a nice way to finish the week.

and I'll see you all back at at 9:00 9:15 Alright see you guys in the morning! 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.