What's up everyone? All right? Well here we are. First day of September and I locked up a no red August that was pretty special. I haven't done that in a while, so I'll do an August month in review a little bit later. Not today, but um, maybe tomorrow.

In any case, let's do the recap for today's trade. So started September off for the bang. Eighteen thousand dollars in profits. continuing the green streak recent ipos those were hot today and I think I left some money on the table because there were some huge moves I traded well, but I felt like I had a little hard time getting dialed in.

We'll break it down during the recap. As always, a reminder, my results are not typical and trading is risky so make sure you take it slow. All right. I encourage you to train a simulator before you put real money on the line.

And those of you that are Warrior Starter or Warrior Pro members, you have access to a trading simulator as part of your membership, so I encourage you to use it. Those of you guys that are watching on Youtube that aren't already part of the community, check out the links going on right now. I'll put them right down the description. We've got a sale going on.

It's a back to school sale coupon code School Spirit 40 will save you 40 on both the Warrior Starter and the Warrior Pro. Both include access to the day trade chat room, the simulator scanners. The Starter is my day trading basics class. It's a 15 chapter course.

The pro includes basics and includes all the strategy development classes that are part of the Warrior Corporation. So I hope you guys check that out. Link's in the description and I hope you enjoy the recap. I'll see you guys first thing tomorrow Friday for the morning show.

Let's try to finish this week off with another a couple good trades. All right, I'll see you in the morning. All right. Well, I'm gonna record my recap here.

We'll go over the trades from this morning. I think I left a lot on the table today. Uh, but it was a little bit tricky and I wanted to be careful because I did have a little fomo from missing some of the big moves yesterday. So yesterday as you probably recall, we had Atxg.

This thing went just absolutely crazy. Uh, you know I I I don't even really know what to think about these moves. Um, they're they're Cr. They're just insane.

and and to be honest, it's like it's not even really tradable. Um, like this price action today on? there's only 60 000 shares of volume. you know what I mean. So like yesterday had 500 000 shares.

it's it's crazy how high it went. you know, on the daily chart there, but pre-market or after hours? Um yesterday up to you know, over a thousand dollars a share, but on only 2 000 shares of volume. So I don't know that this type of move really is going to be able to trigger a lot of fomo. But what did pick up? So while Atxg was squeezing yesterday and sort of, you know, I kind of was aware that that was moving, but I didn't trade it.

Uh, shp8 ipo ends up um, pulling back and then, uh, squeezing big time. So it ipo'd hits a high of like 25 dollars. it drops 50 percent, goes down to like 13. Then it halts up right here.

And this was about the time that Atxg was starting to squeeze. So what sometimes happens is you'll have a a stock that's making a really big move, but that stock may not be tradable because it's too expensive. Let's think back to Gamestop, right? So when Gamestop started to make that really big move, there were a number of other sympathy Momentum stocks, and I actually made possibly as much or even more on those than I made on Gamestop. Why? The prices were lower.

I could buy more shares, they were more liquid, it was easier to trade, the spreads were tighter, and so I traded them more. And I think that's kind of what we ended up happening. Uh, having happened earlier this or. well, I guess last month in August on? um, Hkd, right? So Hkd in August makes a similarly crazy move.

It ipos, not in the same day, but it just grinds over the course of like four or five days up to 2500 a share, right? So this thing just went crazy and we got a little sympathy momentum. So like Meg L, we got sympathy momentum on this on the day that it went from 50 a share to 235 a share. but again, this one had um, on that day, it was, uh, looks like six 660 000 shares of volume. The volume was still pretty light, but we got into this rhythm last month where we were seeing momentum on a lot of ipos and recent ipos.

And so you know, just I think it was yesterday. The three stocks I traded were all recent ipos mob mob, somewhat recent ipo. Jay-z uh, Dead Cat Bounce somewhat recent ipo. It's still not even really bouncing off the low I made 200 on today, But um, you know, Miguel.

You know that one gave us a nice dead cat bounce, which was pretty epic back here, where it bounced from eight up to like twenty five dollars a share. You know, three, four hundred percent bounce. That's phenomenal. So with um, Atxg making this really big move, it wouldn't surprise me that most of you wouldn't have traded it.

It was way too expensive. The spreads were crazy, and you know, I heard some of you guys traded it with small share size, you know, and whatever. That's fine. I mean, if your risk tolerance allows it and small share size, you know you saw it.

It's fine, but we ended up yesterday having much better and probably cleaner action on Shph being a little cheaper, but it still wasn't easy, right? So it halted up multiple times. I halt it down, halted, back up, Halted down, Halted. Back up, Up Up Down up, halting back down and then drops all the way back to 30 before this morning rallying back up. So this is the one that I traded today and did the best on and I'll go over the trades on that.

but I left some money on the table by missing some of the others that made big moves. Gct made some big moves. I traded it at the very top of the first move and I knew I was in a little too high and I just got out for 200 profit and then I didn't get back in here because it was below V web and then I mean it got above but I just didn't I didn't I just didn't feel like going back. You know, today is the first day of the new month and I don't know.

I just kind of thought let's just let's just try to get green and you know, hold it together here today. So anyways, um Pixie? nice move on this one. Really impressive. Reverse split goes from 16 up to 44 dollars a share.

So we had some really big momentum today. Um, Biaf. This one halted right? So here you go, right? you've got another. This one just ipo'd So let's see.

So it ipo'd at 12 20, 27. this is an ipo that was a little bit delayed. Um, it was supposed to happen last month I think. but then, I don't know.

got delayed for whatever reason. The float is, uh, quite low, you know. So that just went from eight to nine. Seventy four.

The problem on these is that, um, as you could see yesterday on, um, shph, This one ipo'd and it sold off. It's it. It just immediately sold off like you didn't You didn't halt up, you just went down, it then bounced. But then it went lower so it kind of had to settle down before you got that curl.

Now on this one, Biaf, You know this right now looks more like the way I don't know. Meg L Ipo'd which was, you know, the Meg L ipo was immediately halted up instantly. Why? Because traders just wanted to jump in it. I mean, they wanted a piece of the action and so they didn't wait.

So it immediately went into a halt up right here at 50. then it opens and halts down. Then it resumes at 160 dollars a share. It was crazy, I mean, but again, borderline untradable, right? I mean, it's just not tradable.

It's not not easy to trade and Biaf, You know? I'll say that that's some good volume there. You've got 800 000 shares of volume going into that move. so it pops up to nine, pulls back up to 974.. I mean it.

You know, showing a 10 resumption? this may give more opportunity, but they're hard to manage. risk on. you know, especially when you don't have a lot of chart pattern. You just get these pops and then it's like okay, where do I get in? You know, do I buy for the break of 10 like a dip and rip long for the break of 10? Maybe like it's showing a 10 resumption right now.

So like if it if it opened and dipped down, then a dip and rip, now it's showing 10 12. So then do you do the trade at the half dollar and what happens if you get in and then all of a sudden someone dumps a hundred thousand shares and it just whips down Because then the the chart is like ruined. You're gonna have this big red candle and then you're gonna have to have this long period of um, you know, consolidation like you had on shph before. Maybe you get that curl? so I don't know.

I I have a really hard time buying. uh, on halt resumption on something like this given what I've seen on these. which is you know, two halts up and then like five halts down. So anyways, I I would say that that one to me is a side chart to watch if it starts to form some type of pattern where I can establish a better risk to reward ratio.

Your reward is like oh maybe it goes to 20 but your risk is, well it could. That's the reward is a very hard maybe and the risk is you know this could flush and halt down and then you're stuck. So anyways, um so this morning when I sat down my first trade was on uh Jay-z and I made 200 bucks on it. So this one I got in right as it was popping up here as it broke through 40 I jumped in.

It was in this little stretch so I wrote the momentum there. I made 200 bucks on it. 2 500 shares. I was testing the water with small size.

I really wasn't sure I trusted it. I was like I don't know about this, we'll see and tested it, took a trade and then just got out with eight cents or whatever. I just was like i don't know, I'm not feeling it. So then my next trade was along on Shph.

I bought, uh I tried to buy 250 shares. I only filled 50 of that order so I was like all right well whatever. So I've got 50 shares and that was um that was like right in this area Here It was actually on this candle here. So I bought 50 shares, it pops up, That was at 75, it pops up to 76.88 drops down and eventually I ended up selling it.

Uh, for 175 loss around there, right? Kind of right before that drop. Uh, and then I got back in. so we'll look at that trade in a second. Let's watch Biaf here now.

Let's see if it resumes on a five minute long haul. Five minutes is going to be coming up right now. Okay, so this is a five minute long haul. It's not resuming yet.

It's showing 10 45. That's tricky because again, it's a big gap up 75 cents. You could do a dip and rip for the break of 10.50 But you know, like I said, if all of a sudden someone dumps a big order, it's gonna flush it back down. And yeah, I don't know.

All right, so still halted. Um, so we'll watch for resumption in another five minutes. It looks like a 10 minute long haul. Your your stop yeah is down here at like eight the low so that's a good ways away.

All right. So anyways, uh so back to Sh Ph. So first trade on it lost 175 dollars and then um. but but I said I'm still watching this level here because this thing is holding up.

it's holding Vwap and I said I was like you know I could have just held my 50 shares. My stop. Initially I set a 10 point stop on the 250. That's 2500 So I was like I'll risk 2500 on this if it breaks.

Uh, 75, 85 90. I'm looking for the move up to 100 right? So that's that's the potential. I stopped out before it broke, uh down. Uh, didn't actually hit my stop, I just bailed on it.

kind of got a little bored and then right here it pops back up and I was like all right, you know what? Shoot Um, here we go. So let's see. let me look at my um, my orders on this. So I got back in this at Um 76, 77 and 80 adding 250 shares each time added to 82..

So now I'm at a thousand shares added at 88. this thing squeezed and I added again at 99.. So basically added which is crazy added between the ranges of 77 a share, seventy six dollars a share and ninety nine dollars a share. Just that was all in a one minute candle.

So scaled in it breaks a hundred. I saw 110 on the ask. it didn't hit 110. Uh, I took profit at 102.54 cents.

Uh, took profit more at 98 and 97 as it came back down. and then I added back at 97. it popped back up to 107. that was 150 shares, bought 150 shares at 97, and sold them at 107 right there.

I mean that was a 10 points 1500 bucks. Uh, gct some traders. This is another one that I like I said I you know it's a nice abcd pattern right there and this thing is strong. It's a recent ipo, it's got the momentum.

Uh, but same with Hpco today. I mean, you had a number of stocks that showed some strength. real strength, but I just started to feel a little. I don't know, a little timid today, like I just I just wasn't I was like, I don't know and part of that is because shph didn't hold and it ended up reversing hard at the open.

I got another trade on it long into the hall. This was a five minute bull flag right here, so bought this for the break back over a hundred. It halted up at 108, it resumed and hit a high of day of a hundred and twenty six dollars and 26 cents. I think my best exit was 123.

But then it halted down, it opened higher, came back up and then halted down a second time. A third time in a fourth time and I started considering a dip trade. And then I just said, you know what, I'm gonna leave this thing alone. Well, it did end up rallying back up a bit and I don't know if it's going to give us more, but at that point I just felt like you know I'm not liking this and on Hpco.

I initially we got this squeeze here and I was watching it on resumption and I just I had watched it pre-market and I almost took this trade right here at nine dollars and eighteen cents and something about it just I don't know. I was like I'm just not sure this is it feels weird and I'm saying that because it felt what felt weird was the spread and the level two. I mean we were having these, um we were having these kind of um just like big drops where all where you'd have like nine dollars on the bid and then it was like 880 on the bid. Like the bid just pulled 20 cents and you're like what is going on.

It's all of a sudden that bid which I thought was my stop is gone and big sellers were popping up and so I just I didn't feel like I could trust it. All right. So let's watch this. um, Biaf coming up for resumption here.

So it's showing 1064 1074 Now um so there's 1095 and immediately goes up to 11.. now careful because that formed a topping tail. The high is 1183 but 10.50 on the bid. So look at that spread right and again.

Like I said, I just don't know exactly on this one. uh how you can manage risk So I'm I'm happy to see you know, stocks moving and holding up, but um, it's just very difficult to manage risk right now. So nice curl back up held. you could have could have done a dip there, but I don't know.

Not Not for me, not for me. So anyways, um so Hpco, The level two price action was a little funny on it, so I just I left it alone. I was like I'm just not feeling it. Um, so I ended up missing some opportunities on it.

Uh, but you know I could have also lost on it because it was choppy and there was some big red camp but some really pretty pretty nasty flushes here. you know up here. big topping tail, just tricky stuff. Biaf warrants.

uh, that's interesting. So those started trading at the same time. Those continue to trade even during a halt. but I don't know.

I don't really like warrants that much. Uh, gct this one. so you know again, recent ipo price is a little higher. Um, you did get a really nice curl right here.

It went below V-wap and then got back above it and sort of little inverted head and shoulders for the long back over 21 and a nice move up to 26, a sharp drop back down to 23 and then a curl back here up to 26.50 So some nice action on that one. Going back to Pixie and this one. Three halts in a row. Going up, halts down One two three, four times.

Four halts in a row going up, then halts down. Halts up Halts down Halts down, Halts up, Pull back, halt up. Squeezing back above V Web, it needs to get back through 35. this just day has been weird.

We've just had so many different stocks moving, it's kind of sympathy momentum. but we don't really have the main stock that's really strong. That's the funny thing. I mean, shph, you know, pulled back and Atxg has pulled way back.

So what are these sympathy to? This is fomo momo. It's just fomo of maybe missing the big moves yesterday. I mean, they're moving for sure, but I'm just having a little bit of a hard time on it today. So I'm I under traded.

I didn't capitalize as well as I probably could have, but this is the first day of the month of August, September and I just finished a No Red August which is, um, you know, pretty pretty cool because I haven't done that in a while. So let's see. so that's the calendar there for the month of August. So finished a no Red month which was great.

and um, you know, I mean I. I know that I'm due for a red day, so I'm just every day that I'm kind of not red. I'm like nice work. You know, since June I've had five red days.

since July. First, I've had two, so you know I. I'm aware of the fact that there's some risk here of me catching a red day, but hitting 18 000 in profit is, uh, great. You know the trade I took at the Open that I added 6 000 in profit from That was on 250 shares, 250 shares, I made six thousand dollars on 250 shares.

That's crazy. I mean I guess to me it's crazy. Um, I suppose you could probably made a lot more with 250 shares on Axtg yesterday. but uh, or Atxg? whatever.

But in any case, um. I. I thought it was pretty solid. So uh, right now and you know what? This is what I said.

Um, so I was talking to someone yesterday. Uh, you know who's talking about the Fomo missing these big moves and I I was. I was feeling it a little bit too. I was like, you know, refreshing.

You know as I I'm running errands and stuff like that. I kept refreshing on my phone the the scanners and I was like ah, son of a gun I can't believe I'm missing this And when I left yesterday I had I there wasn't like any indication to me I didn't think that we were gonna get those moves. I mean similar to Bi Af, I wasn't paying attention to the Ax or Atxg ipo and the Shph1 I wasn't paying attention to either. and why would I? We'll get the Jz ipo.

The last couple ipos have been trash. They've been terrible. So no, I'm not going to sit around at the end of August in the summer and just stare at my computer all day For an ipo. That's probably going to be garbage like this, right? So I totally missed it.

And I was feeling a little foam. Okay, and granted, I finished the day up ten thousand yesterday. It's twice my daily goal. It's a great day, but um, you know, at the same time I, um, I couldn't help but feel a little fomo that had I continued to trade.

you know, maybe I could have had a six-figure day. You know, maybe I could have made a hundred grand if I had bought a nice position on this and just held it. Or you know, Atxg or something, you know. But the fact is, once I actually sat down and looked at the charts, um, Atxg.

I I wouldn't have made much money on this because this just had no volume. Spreads were crazy big and I just wouldn't have. I wouldn't have been able to. I wouldn't have been able to make money on it.

I, I don't I really don't think, and I think that shph would have been sort of similar. I might have might have been able to do a little bit better on this one since it was sort of the fomo momo to Atxg. So it's possible I could have gotten some trades on it, but with those big gaps and halts and likely large spreads, it's It's also possible I could've lost money on it. so you know.

I? I don't know. And so what I said is, you know, probably the people who did the best on these are the lottery ticket type of traders who buy and just hold. You know they're not doing quick breakout scalp trades. They're not.

They're just like buy and walk away and then next thing you know it's up 30, 40, 50 a share and they're taking profit. And that's you know. been true with the meme stocks. Also, and the traders, they've done really well in the meme stocks I don't think are, um, this is generalization.

It's not going to always be the case. but I think that a lot of people that did the best on those stocks aside from some expert traders who just were super super aggressive. But the people who had like one entry, one exit, and made six figures, I feel like that is a very different mentality than what it takes to be a successful day trader. Because as a day trader, you have to be disciplined about getting in, getting your profit and getting out.

You cannot overstay your welcome. You can't just hold and hope things generally don't go crazy like they did with a lot of these meme stocks. And if you get in the habit of just taking these lottery ticket trades, a lot of them are are going to be worthless. You're not going to have big winners on them, so I actually would rather have consistency and predictability versus the occasional home run.

Now if I had made you know so my 10 million dollars, you know, 11 million of profit day trading that's from. I mean, gosh, how many trades have I taken? We can see right here. So I'll just clear this. so this is going to be um, 11.8 million dollars in gross profit that's on 21 000 trades.

You know what I mean Like, that's and that's over the course of years of trading. So I have, you know, would have been really cool if I started my career with a you know, million-dollar winner or several six-figure winners on on meme stocks. You know, Yeah, that that? sure I would have been nice, but at the same time I really would prefer consistency and predictability versus the um, you know, the windfall of a couple of Hail Mary passes that that connect I just, I don't know. I I'm looking for a little bit more consistency and and that's partly because I approach this from the perspective of i want to do this for a living.

I want to not have to have a regular job. So that means I have to be consistent as much as possible and sometimes you're gonna sacrifice some of that uh, glory that comes with. you know, the high risk high reward trade. But if you're walking away in the green, you know you're doing something that most people haven't figured out how to do consistently.

Even the people that do you know occasionally get those home runs so I don't know. Um, I. I was able to kind of talk myself down from the Fomo yesterday by just reminding myself that I just finished a no red month. Consistency is, uh, really, the top priority for me, And once I looked at those charts this morning, I didn't feel too bad that I missed them because I realized how difficult they would have been to trade.

So you know my goal for the month of September. I I don't really have a monetary goal other than I mean I'd like to be. I still have my 5 000 daily goal, but I recognize that there'll be some days where I don't hit that and other days that I do. So you know if I I guess I guess that five thousand a day is about a hundred thousand a month.

Um, you know that would be that would be nice. Uh, I came up a little short of that in I think June and July. but then I certainly blew through that in August. So and now I'm I'm 18 of the way to the hundred Grand Goal.

and it's only you know, the first of September. So I think it's a good goal. 25 000 a week, 5 000 a day. and some days I'll beat it.

Some days I'll come up short. I'm not gonna, you know, sweat it too much. but today's a day where I I did trade fairly well. I under traded a bit.

I was a little confused by the sort of dispersed momentum across so many different stocks. There's biaf going up to 13. I just worried about a topping tail and a halt down. but there's another halt up at 13.75 So you know, for me, like if I had gotten in this like right here, I think I probably would have been scared off on that red candle and taken profit.

I would have been afraid of holding into a halt down and then you know it rips back up here. If I got in right there, I think I would have taken profit right here. You know that's just I wouldn't have just held and hoped. Um, now I think it is worth being aware of the market you're in and this might be the day to let it ride a little bit more on something like this.

Given the the action that we've been seeing, this might be the day to stick around a little longer to see. When it does pull back, where does it base out and does it form a clean pattern that then you can use for a curling setup for the next leg up? Um, you know, because that's all that that might end up being. Um, you know, the safest places to trade it if it holds up, so I don't know. But the recent ipos have been tricky.

so we've had a couple that have been great and then we've had a couple that have just been totally brutal. that's I don't know that that makes it a little a little difficult, but second day continuation: Dead cat bounces and curling patterns. Those are good. and you had a nice curling pattern on Shph yesterday, so that's what I might sort of look for Today on Biaf is you know where does it pull back and then does it start to curl back up? So anyways, that's it for me.

Overall market. Uh, today you can see still pulling back a bit. We're on a leg down in the overall market, which you know by itself has made me a little bit cautious. But you know after that nice move up, we've already given back half of it.

We'll see where we base out and whether or not we start to hold support at any of these pivots that I have drawn out and then make a move back up. All right, So that's it for me. Thank you guys for tuning in for the recap. Good luck.

if you keep trading, manage your risk and we'll be back at it first thing tomorrow morning. All right, I'll see you in the morning. Hope you really enjoyed that video and make sure you hit the thumbs up and subscribe to the channel if you haven't already. Our goal is to hit 1 million subscribers this year, but we won't get there without your help.

so please please please hit that subscribe.