Alright guys, time for our midday market recap. Finishing the morning 5514 dollars and 64 cents. You know this has just been a this has just been a really great month so far. We're today's my 28th consecutive.

Green Day I'm gonna mark it in the calendar, make it official. So plus five thousand, five hundred, fourteen dollars and 64 cents Day 28 So I am Now at the halfway point, the goal is 56 consecutive green days because that's my all-time record and so we're have only halfway there. I mean it, We I've still got a long ways to go because every day is hard. You know, staying focused and not screwing up is it? It can be a challenge.

but in the last 28 days I've made fifty seven thousand dollars and my account you can see right now is I mean it's basically doubled in 28 days. I'm at one hundred and eleven thousand this morning. tomorrow I'll be at a hundred and sixteen thousand and you know that it's it's doubled in 28 days which is really solid. So right now just letting those gains build up but doesn't really matter I mean yeah, I've got like four hundred thousand dollars in buying power.

but I don't use it. it's just sitting there for the time being as I build up this account. This is of course the account that I started with five hundred eighty three dollars on January 1st. So I'm at a hundred and sixteen thousand on this in this account right now.

but I took out $70,000 in in April at the end of April So if I had that money still in here, I'd be at like 187 and 186 thousand or something like that. and the goal is to turn this into a million dollars. but I'm not sure that I'm just gonna leave all the cash in there because I don't need to day trade with a four hundred thousand dollar account. so I'll at some point have to think about what I'm going to do some of this excess capital, but for the time being just letting it roll into the account and just keep growing and keep building it.

So yeah, let's go over the trades from today: 28-day consecutive green day. It's also the seventh trading day of November and I'm waiting for some of the other folks on the team to put down their daily P&L for the November challenge. So we'll go over the November challenge in a minute. But for right now, let's go over the trades from this morning.

So first trade of the day was Cone. This morning we had three stocks on the watchlist we had. We had Ot IC which was on the Gap scanner, we had Cone Ko and E We had K BSF and we had Ye co. those are the four stocks that were on the Gap scanner and so I was watching Ot IC until just at the end of sort of the pre-market session it started dipped down and then as soon as the bell rang it sold off.

So those of you guys watching on Facebook I'll put this up here and remember if you're watching on Facebook feel free to add comments and stuff like that I'll come back and answer those later in the afternoon or even tomorrow if I still if you guys are still even comments. So that was Ot I See this morning it broke down. no trade and no trigger. It didn't give me an entry indicator and there's my P&L by the way, for four this morning.

So five thousand, fourteen dollars and 64 cents. Alright, so Ot I see, didn't give me a trigger, no trade on that one. The next one on the scanner was KBS F or on the watchlist. Oops, Kb/s F There we go.

So KBS F A huge move yesterday from $2 to $14 $15 started to curl up pre market. The bell rang and it dropped five points. No good, no opportunity, no trade for me yesterday. The volume on this was actually only 8 million shares.

It wasn't an incredibly crowded stock. In contrast, we've got Craig today up 300% with 9 million shares of volume and this one is getting kind of more and more crowded by the minute. I've got a little under $2,000 profit on this stock and you know I'll keep an eye on it I Just I'm not sure my last entry was down here at 385. It popped up, then dropped down, stopped me out.

and then it ripped. Can watch it for the next five minute pullback. but and you could certainly scalp. You could do one minute scalps when you're looking at this one-minute chart.

There's no reason you couldn't have done a one-minute scalp right here. over 5 bucks from 5 up to 5:30 but you just want to make sure you're scaling down your risk because the last thing you want to do is is because let's say I'm green on the day. So I started with like 5,000 share positions right here on cone. so you know maybe I could I could scale up to 10,000 15,000 I could go to 20,000 shares because hey, I've got a big cushion on the day.

But then what happens when they take a 20,000 share position at 2:30 in the afternoon and all of a sudden, Boom, it drops a point. I could lose $20,000 So instead of increasing my risk into the day I want to decrease my risk into the day. And you know this is sort of a two different kind of mentalities when it comes to trading because some people will increase their risk through the day. and what I kind of do is I start with sort of a medium level of risk to try to build my cushion to get myself green on the day.

but I start with medium because if my first trade is red I want the chance that I can still potentially get out of the red, and go back to green on the day. If I start with high risk and I immediately go into the red, it's gonna be really hard for me to get back to green. So I start with medium risk and then if those couple trades go well and I start to have a cushion, then I'll increase my risk during the first hour when I usually make the most money and then by 10:30 I start tapering back the risk. So I don't put position myself to give back my profit because if I give back my morning profit at 11:00 a.m.

it's very rare that I would have the opportunity to make it back in the afternoon. So I've got to start tapering down so my risk profile is kind of. You know this sort of like bell curve where it's up and then comes back down. but anyways, first trade of the day was on cone on the watch list so let's take a look at this one.

pre market. this popped up to a high of 7:40 and clearly showing from 550 to 740 that it was willing to make some big moves. So the market opens, it starts to surge up right here as you can see what I did on this was I basically bought a one-minute opening range break out. The high of the first one-minute candle was 675 and the low was 589.

so a pretty big candle there I jumped in at 675 as soon as I saw the bid coming up. So as the spread tightened up and we had first, it was like 660 by 630 by 660 30 cent spread. but the spread tightened up, tightened up, tightened up and then boom I hit the order 2500 shares at 75 I tried to add another 2500 shares but I only got a partial fill of 847 shares because it popped up really quickly and then I used my hot key just to add another 2500 at 690. Anticipating now the break of $7 it pops up to a high of 749 750 785 I'm scaling out on the ask most of my position, taking some profit and then when it dropped back down I sold the rest breakeven so you can see here this move popped up to 785, down to 6 right here 652 and then back up on this candle to 765.

So very whippy right out of the gates. a lot of volatility so that was the first one, but that gave me a 3088 3888 dollar winner right out of the gates right off the watchlist. So that was trade number one. Trade number two was ye CE o ye Co was also on our scam this one I was a little bit nervous about because of the fact that the spreads were pretty big.

You can see the bell rang and this just surged up from five to six and then up to six 85 it got I believe it does think it halted Now let me pull this back in the check. Yeah it got halted and then when it resumed it resumed higher. So I scalped it out of the halt long at $8.00 it pops up - it actually ended up being a little heavy at 8:00 So I flipped out and and just unloaded half at 8:00 because I got in an 8 and all of a sudden the spread open - like 7:30 by 8 dollars which is crazy. So I was like okay I need to reduce my risk as got out half break even then it pops up to 885 I try to sell seven hundred fifty shares doesn't get filled I sell 750 at 8:59 and sell the rest coming back down.

So a winner on that but not a very big winner and I was a little nervous about the spread and then I got back in it at let's see and you can see I even sold the rest of it at seven dollars for a one point loss even though I was only losing a dollar or so because it was a small position. but then I got back in at eight dollars and I thought this was gonna pop up to nine which it did. It came up to eight ninety I sold half at 890 and then it dropped from 890 on this one candle all the way down to seven dollars a two point drop which is really pretty crazy and so I ended up giving back all my profit on that, selling the rest at six dollars. So total I lost $169 and it just wasn't an easy one to trade.

It was very hard to manage risk and then I had the trade on Craig So Craig up traded a couple times. I'll show you Callie first see al I this one I jumped into because it was right through here. It popped up on the 5-minute chart. It popped up on our scanners.

it was a China stock. so I jumped in this at 28 it popped up to a high of 345, came back down I stopped out for a $78 loss, so doesn't really not a big deal now. Craig this is the one that's made a big move. You can see here from a dollar fifty, it just hit a high of 615.

so this is one that you know now we can watch for the next five minute pullback. So my first trade on it was long at 2:30 obviously a great entry. long at 2:30 scaling out at 260 a little more at 260 and then it came back down and I had to sell the rest at 270 to 27 and then look all the way down to $2 and I ended up taking a loss on it I was read on the name by 600 bucks because it popped up and I'll go back on the one-minute chart and this was this was right here. It squeezed all the way up to 269 and then came all the way down to 194 and so I had to stop out and then it pops all the way back up to a high of 325.

So I ended up getting back in at 280, selling it to 95, selling more at 305 and at this point just scalping the breakouts. So anytime we had like a good little one-minute pull back, that's when I would go in it. So in this case it was a one-minute pullback right here, scalping and move up to 325. Then we had another one minute pullback around 340 for another one around four dollars, another one on the five-minute setup which I got in at 385 it popped up have my entry to 385 up to a high of 419 which was right here and then it dropped all the way back down to 366.

so I had to stop out break-even I sold half into profit, stopped out the rest break even because it just didn't hold that move. so you know this was kind of the the challenge. This stock has had a really big range and now with over 10 million shares of volume, it's certainly getting crowded. The problem with that amount of volume is that we start to see false breakouts.

Will see that the entries for Hiya De Brakes are no longer working because there are people that are gonna put an order just above the height, a brake too short, or to sell a big position. So now, even though the height a brake is usually good setup, as soon as you break over that level, you've got people that are selling and that creates a wall. and then people who bought high immediately panic and sell. and then it drops.

and that's what creates that false breakout. and then likewise, you get the drop and then people are buying on those dips. So people who are shorting in the drop and get faked out and then it squeezes back up. So you start seeing a lot of tug-of-war and I like to sort of stay away from stocks that are experiencing that tug-of-war The next entry that I would personally consider for Craig would probably have to be a five-minute pullback bull flag.

Kind of like what we had here, but by the time we get it, we'll probably have 12 or 15 million shares of volume and I'm really not sure it's gonna be clean. I'm already up five thousand, five hundred dollars on the day. So I've certainly hit my daily goal I Don't need to push it by the same time. Look at my O the other day.

my o two days ago squeezes from six dollars all the way up to eleven dollars. So this little pullback here, even though maybe I would have said at that point, look, I've already had a green day. Why trade it? It worked. This pullback right here worked well as well as well.

it moved up to eleven. so that was my O yesterday and or two days ago. and then yesterday we had KBS F. So KBS F was the the big mover yesterday and yeah, even though I don't usually like to trade in the afternoon and stuff like that, look at this from four all the way up to six.

pull back from six to eight. pull back from Eight ten up to Twelve Thirteen fourteen. So this is one of those times where I kind of have to, you know, dig deep and and keep myself focused to try to capitalize on these opportunities while at the same time being disciplined enough to not give back profit by being really aggressive at you know, lunch hour or one to three in the afternoon. So that's kind of the you know, the internal struggle of you know of these hot periods in the market.

And today, just for instance, my accuracy has gone down I've took I took a total today of seven trades and I'm green on four out of the seven. I guess I'll call that person back. So green on four out of the seven trade so you know it's my accuracy isn't really super super strong. Today we're seeing that the market is a little bit choppy and I definitely have to be careful.

SGO see someone mentioned is halted so look at that that just squeezed up from 140 up to 180. So all of a sudden someone's like hey, we're having a strong market day I'm gonna jump it to this and let's see what it does. They jump in. boom, it pops up and now other traders are like, oh, that could be the next Craig I Want to jump in it And that creates the self-fulfilling prophecy of these stocks just going parabolic.

And so you know, these are periods of time where there are going to be a lot of opportunities and we want to try to capitalize on them as much as we can while still managing risk. So today, for instance, I might not have a problem taking a couple more trades. but I certainly don't want to give back too much of that profit because you know $5,000 is a pretty pretty solid day. I Mean $5,000 day would be a million dollars a year, so don't want to turn your back at a 5,000 dollar a day.

But my daily average right now for 2017 is let's see around $1,000 a day average. So you know, having a big day where you make the market strong and you're able to make eight, ten, twelve, fifteen thousand, that just really kind of helps build up your average and give you a cushion. for those days where you don't make anything your breakeven or your red. So you know just because you hit your daily goal doesn't necessarily mean you want to walk away.

when there's a lot of opportunities, you will usually want to try to keep trading a little bit, but reduce your risk so you don't give back the easy gains from the morning. And yeah, with Craig I don't know we'll watch a 5-minute setup on it I Just don't know if it'll be clean. So and CADC is halted as well. Someone's saying, and this is one of those things that we notice during strong markets is that you have one stock leading the way and then three or four others start squeezing up as well.

So you've got C Atc halted and SG O C C ADC has 100,000 shares of volume. SG o See, it's got five hundred seventy thousand, so a little bit more volume on that one. You know on these I would say okay high before the halt for SG o C is 184, so if it opens below that level, I would typically be adding at 184. there's a good chancel to open higher.

I might add at 2 bucks, but you know, just have to be a little careful because we haven't been seeing the cleanest follow-through on on some of these. Some of these sort of sympathy moves, some of them like Kali have been popping up and then fading or even like ye. Co Which on a day where the market is strong for small caps has just gotten hammered back down. It's kind of crazy, so definitely want to make sure you trade smart and look at Craig look at how fast that just dropped from 550 down to 507, you know that's a pretty sharp drop.

This is actually one of the biggest candles of the day and it's red, so you know that's kind of weird. this one's at. It's a good reminder to take your profit and you know know when to walk away. Alright so sure.

a daily update on the November 100k challenge. Alright, so this is where we're at right now. Looks like Sam got another trade up on the board. So I'm finishing today at 5,500 $14 mics up 602 dollars on the goes KSS Jeff hasn't updated yet Roberto 387 nice consistency from Roberto John Elton I know he was green today I think about a thousand bucks so he's also on a nice little hot streak Sam 2,200 arsh will wait on him to update Jason Small loss, but that's okay.

You know that's good risk management Shauna Nice day there. 890 bucks and Josh back on the leader board here after a couple days off. $68 So right now the team is up $9,000 on the day, 72 thousand dollars on the month were 72 percent of the way to 100k and this is only day 7. So great job to the team and you know it's just nice to see across the board some pretty pretty good consistency.

I'm now you know at this point where I'm really trying to avoid having a big red day. I think if anyone's gonna have a big red day, it's probably gonna be me because of the level of risk that I take on on some of my trades yesterday I was down 2600 or the day before but I got myself back into the green by 700 bucks. That was a close call. So I I'm really hoping I can stay focused, but you know there's a lot of days ahead of us so just take it one day at a time and see see what I can do.

So right now I'm back in the lead the 19,000 but you know we'll see I Think Mike has got a good chance of catching up and John slow and steady. He's in pretty good shape too, especially after he updates his gains today. So anyways, that's where we're at for the November $100,000 challenge and of course you guys can follow this. There's a link if you go to Warrior Trading Comm and search in the search bar for 100k challenge.

you can see this page and you can look at all the stats yourself. Alright, so again, let's see CADC Resumed Yeah I See it's a little on the high side with a big spread. It's also a five cent tick stock so more risk on that. and SG OC kind of dipping down so not seeing really good follow-through Open squeeze up to a high of 29 and then you know rolling over so got to be quick.

Get in, get out. You know that I think has to be the sort of policy right now and then Craig will watch this one for a 5-minute setup to see if it gives us a decent opportunity, but with that big red candle it's gonna. it's going to take a few candles to curl because it when they drop down like that it it's not usually what we like to see. so I'm probably done for the day going to take my five thousand dollars and be happy with that and be back at it first thing tomorrow morning and we'll finish up the week, hopefully with another another good day of momentum and then we go into the weekend feeling good.

Alright everybody. So again, those of you watching on a YouTube or Facebook live feel free to post comments and I'll come back. comments, questions, whatever. I'll come back and answer those for you guys later on.

All right. I'll see you all first thing tomorrow morning. Oh hey, I didn't see you there Why? I Was just working on the Dream board for my next home run trade. Hopefully it comes soon.

Until then, Make sure you subscribe to get email alerts anytime. I Go live or upload new videos. Until then. happy surfing!.