What's up, everyone? All right? So I'm gonna break down the game plan for you for the week ahead. We're sitting halfway through the month of August and as of right now, you'll be able to see over on uh, my screen. I'm sitting at 99 000 in gross profit. So two weeks in halfway through the month uh, I've been fortunate so far to have no red days.

Uh, my last red day was in July So since mid-june I've had two red days these two in July which were 1300 and 1700.. So I've been on a pretty nice uh stretch here without too many red days, which I'm hoping to keep up. Now if we look at the context of the overall Market If we look at, you know what's the context of the overall. Market Well, since uh, about June 17th, we've been rallying back up.

So we've been in a bit of a Bear Market rally. We're still. Well, we're now right above the 200, but we've been in this downtrend. but we've been rallying off the lows and so Bear Market rallies.

Even though the overall Market has been weaker, the rallies are opportunities to capture some gains. So rally here. Short rally here, longer rally here. It's on the big sell-off periods like right here, right here.

Uh, and you know, right in here those big sell-off periods are going to be harder, especially for a long biased Trader which I am. So right now I'm looking at the daily chart of the S P and we're coming up to descending resistance. but I also thought we were going to have some resistance around the 200 moving average and we just blew right through that with um, the news that inflation had subsided over um, in the data report that we got earlier this week. So if we look at the metrics for the month of August so far, um, it's been a phenomenal month I had two really solid green days and I think what we should do is we could.

We should go over some of the stocks that I've traded so far this month uh what and see if we can find what's been kind of the consistent thread: where am I finding the most success? Where am I struggling and obviously since I have no red days, there's not a lot to highlight on the struggle side of things. So let's look since August 1st. so since August 1st 99 753.96 gross profit Now Reminder: This is a great opportunity for me to tell you guys that no, my results are not typical I Share these with you because I want you to know that this is real money and the person you're learning from actually knows what they're talking about. But you shouldn't draw the conclusion that this is typical or that you'll achieve something similar because there's no guarantee of that whether you learn from me or you trade on your own.

So this month, my accuracy has been about 66.5 percent. That's a teeny bit lower than the 68 69 percent that I average, but that's not bad. Uh, average Winning trade has been only 761 dollars. Average Losing trade has been 593 average hold time for winners four minutes average hold time for losers two minutes.

So I'm getting really good. Uh, during this stretch at cutting losers fast, even when some of them get a little bit big, my largest loss is 6 500. biggest gain is 7200. but even in the bigger losses, I'm cutting them quick on letting them go.

You've got to be ruthless about that. So now let's look. Um, so this is sort of the progress on the month so far. We can look at Um instruments, so this is going to tell us the stocks that I've traded.

All right. So Tgl, Mdia, Emvb Meg L MTC Q R T E B and just in the last week, uh, if we look just at last week, I had a Tgl. All right. So Tgl was an IPO on Thursday which you may recall this was a pretty wild one.

It was I think it halted like 14 15 times, had a low of 529 and a high of about 20 a share on Friday. We got a nice bounce on this on the Breakthrough volume weight. average price at 13 for a move all the way up here to 1716. so that was four dollars a share I took that trade right there.

That was a solid one. Um, and here you can see we ipo'd halted up once and twice. halted down two. uh sorry.

once and twice now you're on four halts, doji at the bottom. then it halts up. then second time so you're already on one two, three, four five, six halt 7 8, 9, 10, 11. 12 13 14 Halts 15, 16, 17, 18, 19.

So like 20 halts. This thing was wild. All right. Well that was uh, an IPO Meg L another big winner from the month.

This was also a fresh IPO which as you recall was absolutely crazy I mean this thing was just totally insane. Ipo'd at 50 and goes up to 235 dollars a share comes back down heart A little bit hard to trade, but I did find my way to profit on it to the tune of 9800 although we also got a dead cat bounce on Meg L this week so we had the bounce off the low that was on I think this day we had a little bit of Bounce after hours and then pre-market here. Let's see we had um so Tgl recent IPO IPO Meg L IPO um last week Rebn Reborn Coffee Rebn this was an IPO so IPOs goes from 750 up to 12 pulls back tomorrow Monday we may watch this for a bounce. Let me just check.

Meg L for a bounce as well Meg l Um, it's it still has a lot of potential and I think that we will get a good bounce on it the way we did on Ilag, but I'm not sure when that's going to happen. So Ilag, you can see we had this really big sell-off and then we ended up getting this move here from two dollars up to 728. So you we did have a really nice bounce on Ilag but I just don't know how long it's going to take for that to happen. Uh MTC This one recent reverse split that was a strong setup envb this one also a recent reverse split.

so another strong setup uh MGA M earlier. uh, first week of the month. this one's IPO So the theme Here Pgy IPO Generally, what's been strongest have been both recent IPOs and recent reverse splits. So that's the theme right now of just the pattern that has worked well and that's been in part led by initially Pgy which started off in the end of July with a really good move and then it carried over to HKD.

As you may recall, the stock that went up to 2500 a share has pulled back now and then it kind of rolled from HKD into uh Qrteb Ltrpb MTC Efsh Some of these recent reverse split stocks amtd which is the uh one of the owners of HKD They got a big boost here, but you know you can see it's all the way back down which isn't surprising I kind of predicted this. Uh, just given that I figured HKD would come down and they wouldn't be able to sell any shares at 2500 because there wasn't enough volume. So the focus. um for the week ahead: I think there's a couple a couple things that we can look at.

so let me just move this up here. so we've got. um, let's see, we've got the NASDAQ IPO calendar which is worth watching. so we've got, um, let's see some IPOs um what is it? uh IPOs these ones here.

these are the um, let's see so we've got August So I'm not sure a couple of these like Lucy Pxmd. We were thinking they were gonna IPO but I don't think Lucy did. Let me just check. No, it didn't yet.

so that one's still on watch Pxmd. Yeah, so those ones haven't IPO yet. So we have a couple IPOs coming. Um, we have some of the recent IPOs that we can continue to watch.

Uh, we don't have to necessarily trade day one. IPO it can be a recent IPO That's totally fine. That's really what we got on Pgy. It was a recent IPO Breakout So I'll watch it.

and actually I think this was a SPAC merger breakout, but in any case, a similar setup. so we'll keep an eye on that um, on the scans continuation setups watching some of the big movers from the last week. So the easiest way there is just to keep an eye on some of the stocks. I Traded Tgl This one could definitely have some more opportunities this coming week.

Mdai I think that one's probably done for a bit. same with Envb and Qrteb I think they pulled back too much MTC as well. not really interested in that, but rebn that one's still worth watching. that's going to be on the watch list Meg L is still worth watching for Dead cat Bounce that's on the watch list Pgy I don't think I'm gonna have that this one on my watch list.

Um well. I'll get something out of it. Um, if it gets over 26, that's a possibility. so we might keep that on watch.

but generally we'll be watching stocks hitting scanners moving higher. Oh frza frza Yep, that was one. um that we could watch also for a curl. back off the low V was strong on Friday A nice move into after hours so that one we can watch for continuation.

Yep, forgot about that one. Um, there's another one, but it's slipping my um slip in my mind right now what the ticker is? So yeah, there's going to be a couple that will keep on watch. Uh, it definitely seems like the last six weeks or so wind has been um at our back a little bit. we've had some nice momentum, we've had some good action.

So one of the things that I'm kind of focusing on each day when I sit down and usually I'm I'm sit down between seven and eight. So I sit down I start broadcasting for Warrior Pro members and for members over at Daytrade Dash By the way, we have um, you can go to either website Daytrade Dash You'll see some summer discounts over there. that's for chat, streaming, broadcast, and scanners only those they're interested in going through my curriculum mentoring the whole Warrior Pro experience. We've got our dog days this summer sale going on right now.

There's a link pinned down in the comments for that, so you could, uh, check that out if you're interested and I'll paste it here for those tuning in live. Um, let's see. So um, so I usually start streaming between seven and eight for Um for members of Warrior and Dash and my first game. My first kind of approach is, you know, I'm starting each day at zero So in terms of mentality, just kind of running you through the way.

I think about this. My first goal is to try to get green and since right now in the last, um I don't know how many days it's been I've got 20 plus consecutive green days here. Um, 21 consecutive green days and in the last two months I've had two red days. So and they were back to back and they were both pretty small.

so I'm trying to maintain consistency I Don't really care if I have a red day, a red day is fine I just want to keep the red days small. So a red day of a thousand two thousand dollars? No problem. Three thousand you know less than five would be is preferable. So smaller red days are fine.

Four to five thousand kind of would be the max of what I would be really comfortable with. But you know if I go more red, it just is what it is. But that's where I'm kind of drawing the line right now. So uh, my first goal when I sit down each day is okay.

Well first, I gotta get green and so I'm very selective on the first trade that I take. So I'm looking for a stock that I think has really high probability of giving me at least 20, 30, maybe 50 cents potential breakout. So if I'm looking at stock to get in at six, I'm thinking okay, this has the potential to get up to 620, 630, 640, maybe 650. and then if I get in that and it goes only to 620, I should still be able to make money on a 20 cent move, right? So even if I have to hit the bid, I should still make money I'm not as inclined on my first trade to look at something that's like stacked on the level two.

Is it a dollar? Ninety eight and I'm thinking best case scenario was like 10 cents because then if it doesn't hit my best case scenario, it's almost definitely going to be a loser. I don't want to start the day on the loss I'd really like to try to start each day green so that means my very first trade in some ways has the highest quality standard and you know you have to break the ice. but I have a higher quality standard because my first goal is getting green and then as soon as I'm green I have a cushion and I'm beginning to get a little bit of a feel for the day. Maybe the first trade I get in and it's a nasty false breakout.

Maybe I get in at six it goes to 625 I take profit and then it flushes to 550. and then I'm like, okay, choppy day in front of us I've already now I've got to be careful or maybe on the other side I get in at six it goes to 625 650 and straight up to 7 25 750. and then I'm like okay here we go. We've got something we can work with today and I probably already have a pretty good profit from that first trade.

So the first goal is high quality standard. On the first trade, get green and then sort of feel out. How is the day? How is the stock that I'm trading? Is it clean? Is it feel easier? Does it feel more difficult? and you know, sort of go from there. Now if I have a couple of good trades, you know the first trades green and I make a couple hundred bucks or a couple thousand dollars.

Second trade is green and I'm starting to work my way way up to my five thousand dollar daily goal. Once I start to have a little bit of a cushion I'm kind of getting the most aggressive between like you know, eight, eight thirty and nine thirty kind of that hour where I've already gotten my first couple trades usually between seven and eight and now I'm getting a feel for if it's strong I could start to size up and be a little bit more aggressive and then that's where I'm looking ideally to break through my daily goal once I hit the daily goal unlike some Traders I don't stop. Some people will say as soon as I hit the daily goal I'm gonna stop because the the best way to avoid giving back profit is to walk away when you have it and that's true. But the problem with that is my daily goal is five grand.

So I would have so I stopped at five on on Monday August 1st, um on Tuesday I went to 28 000. So if I had stopped at five, I would have left 23 000 on the table the next day I went to 26. So if I'd stopped at five, I would have left. um, you know, whatever.

20 000 off on the table. Twenty one thousand and then Thursday Well I didn't get to the Daily goal 2200. So I went have stopped so and then Friday 6 500 I would have stopped at five. So what you're seeing is that if you stop, when you hit the daily goal, you know what you're doing.

You're capping your upside potential and you don't want to cap your upside. You do want to cap your downside. Okay, so this is important. cap your downside.

So that means hard Max loss. Maybe it's three grand. Maybe it's five grand for me right now. five grand does make sense.

I Usually would say your max loss should be the same as your daily goal. That way you're not losing more then you can realistically make in one good day. but some people are going to be a little looser with that and even sometimes I am too. So it's not a hard set rule.

you have to make a decision for yourself. So the idea here is once I hit my daily goal, then as soon as I get a little bit over it I'm still going to be. You know, a little careful when I'm at like 4 800 or 5000 or 5200. but once I get up to 6 000 then I start saying okay I want to walk away today with at least five.

Which means on the next trade I can only risk a thousand bucks. Now a thousand dollars of risk is still a substantial amount. but I'll say I can only risk a thousand. So now I'm kind of working a little bit with I kind of like it's like house money.

It's like I'm working with profit I already made and I'm working with profit that I'm really totally okay with losing. So now with that thousand I kind of start the day over in a way. with that, thousand is my risk and now I can be a little bit more aggressive with that profit. So let's say my first trade I jump in with 5 000 shares of another stock at seven dollars and I'm only risking a thousand.

Which means I've got to stop at 680. It's a 20 cent stop. Well, the stock goes immediately up to 7.25 I could sell it and take a thousand profit off the table. or since I've already got my daily goal I already hustled and got the daily goal.

What I could also do is I could double to ten thousand shares. New cost basis is 710, but since I'm up 10 cents, it's real. It's realistic to set a one thousand dollar Max loss at seven dollars because that'd be a 20 cent stop from where I add now with a 710 average and 10 000 shares. if that stock goes up to seven Thirty seven forty five seven fifty and I can take profit up to 765 and 770.

Just like that. I've taken a thousand dollars of risk and turned that into another four or five thousand dollars of profit and I'm double the daily goal. Do that one more time. triple the daily goal.

Now that's only gonna work if we've got good momentum. If stocks are opening up, if they're not, then, well, I might not have even made my way to the Daily goal, right? So, and that's what I did on Friday you could see on Friday I got to fifteen thousand, Five twenty. So three times the daily goal and it started initially with you know those first couple trades, breaking the ice, then getting green, then sizing up getting myself up to nine thousand, Ten thousand and then with that I said okay, now that I'm at Twice The Daily goal when I got to about 11 000. I said I really want to walk away at this point with at least ten thousand which means I've kind of moved the the walk away point up quite a bit.

Now some people would say as long as I walk away with five, I'm happy and they might take seven thousand dollars or six thousand dollars of risk on the next trade. and if that pays off and they make 18 000 on it, that's how they could go from up 11 000 to up. You know, Twenty Eight Thirty thousand. It could happen, right? but only if the market is really strong.

It takes, uh, quite a bit of experience to learn when you can be aggressive and when you have to cool off. And one of the things I said last week, which I'm going to stand behind and say it again today is that when the market is hot right now, I'm gonna try to floor it I'm gonna go pedal to the metal like we're on a straightaway I'm gonna gun it and I'm gonna try to make as much ground as I can. and then when all of a sudden it starts to feel choppy and it's just like, not right. I'm gonna go super super head down super tight, slow, way way down and maybe not even trade.

and so the ability to go super hot and then super cold. That's not easy. but right now I think that that could be a real skill for you to try to hone because this type of Market is a little bit of hot cold and the reason is because we still are inherently bearish. You know, we look at the S P 500.

we look at the overall Market The Iwm's the Russell 2000 small Cap index and we know that while it's certainly nice that we've had a nice run here, we're still in the context of you know, being down 20 off the highs, right? So we have to. We have to assume that there's still some headwind. Um, you know, and that's kind of. That's just that's just the nature of the current market.

Now last year, when we were in, you know, still a very, very, uh, bullish. Market the market was still going straight up. We had long stretches. you know, where we could just be basically gunning it every day.

super super aggressive every day. And while yes, you might have some red trades, we just kept having strong actions. Strong action, strong action. So the fact is, uh, you have to be able to adjust and adapt to market conditions.

Um, you know, and that's what I've done. So I'll probably post an episode later this week on uh, getting into a little bit more depth of my bear Market strategies and how I have adapted to this market. So I can you know be one of the traders that is, uh, that is green. You know that's that's important.

Um, you know. For what it's worth, it's important for a lot of reasons, you know. I'm here uh, putting up my gains every single day for everyone to see. and as you could probably imagine, there is a fair amount of pressure that comes with that because this is a performance-based sport.

I mean as much as I want to be able to hang my hat on how I turned 583 dollars into 100K in 45 days or whatever it was I did that in 2017. that's that was a long time ago. You know, turning that 583 dollars into 10 million I just crossed the 10 million dollar level this year I was at 9.5 million in gross profit or a net profit at the end of Um 2021. This is the Um, the 2021 audit.

so it's an audit of my broker statements. So this year I've crossed over 10 million, you know, and that's great. But I I Feel that there's um, you know I have to keep performing. it's you know and I'm sure anyone that has any experience with performance Sports and performance-based careers understand that you have to keep performing and so for me, it's gonna make me a little bit more.

um, risk-averse because I don't I can't afford to get totally blown up. You know there's other Traders out there that, um, maybe they don't have people watching them and they could maybe gamble a little bit more. Uh, although you know at the same time, being risk-averse is not a bad trait and having this pressure on me from everyone out there watching maybe it's actually made me a better. Trader I I don't I couldn't Really, There's no way to know for sure, but in any case, um, there is quite quite a bit of pressure.

and so you know when we came into this bear Market I sort of said to myself. Okay, well you know I really want to make sure I don't have red years. You know it's one thing to have red months I'd really, really like to try to avoid red ears and I'm not saying that it'll never happen because I I've you know why I've been trading for quite a while? A red year could happen. and in the context of a 20, 30-year careers Trader a red gear really wouldn't be.

Um, probably it would be probably surprising to never have a red year in fact. But at the same time, when you're trading for income, you know you're trying to make money every single day when that you know. But generally every every week every month you know to pay bills and stuff like that, you're going to be more conservative and when you've got people watching you, you're going to be more conservative as well. And so I made some adjustments to my strategy this year because I was again thinking about risk and downside and my job as an educator and also as a Trader is capital preservation to Lead the Way by example to try to stay green and that if I can hit smaller green days of one to two thousand dollars a day and do that consistently uh, maybe at the end of the year I'd only have five hundred thousand dollars of profit, but that would actually be much more valuable than being super aggressive and taking tons of risk and ending up maybe hitting some home runs and finishing the year up a million or two million.

or three. Or maybe finishing the year down a million, right? So and I I Think that this also perhaps keeps me a little bit more on a similar kind of mentality of a lot of beginning Traders because most beginning Traders unless they have a lot of income from somewhere else you know are not going to feel comfortable taking obscene levels of risk. You know you want to make this thing work. And so you have to be really conservative.

So you know, even though I've been doing this for a long time, I still sit down each day and I'm like, okay, where can I find 500 a thousand dollars and so you know I'll pull up the Whiteboard here because one of the things that um, I think I was talking about last week during the weekly game plan. You know, let's just hone in on 20 cents a day, right? 20 cents a day consistently is the difference between being a winner and being a loser in this market. I Don't want to say loser. It's kind of a mean thing to say, but you know, uh, someone who wins and someone who doesn't win Um, which you know is someone who loses.

but I'm not saying like a loser is a person I'm just saying like a winner. a profitable Trader and a not profitable Trader 20 cents a day. So your goal is to find that first stock squeezing up pulling back that you think has you know you've got 90 conviction that if this thing breaks this level you know let's say it's six dollars. It's gonna go to 640 and you can capture your 20 cents a profit.

You do that with 1 000 shares. That's 200 bucks. You do it with 10 000 shares. It's 2 000.

obviously scaling from a thousand to ten thousand doesn't happen overnight. You've got to have a period of time of emotional conditioning because trading with 10 000 shares you've got bigger slippage. You've got more risk. Losses will be bigger.

When you take those 10 15 losses, they're going to be bigger. And so for what it's worth, Um, let's do a little win, win loss comparison here for uh, we can just do the month of August to start. Um, so detailed. Uh oh so so I'm gonna do a um compare here and I'm going to compare my winning trades to my losing trades and I'll throw it out for you to guess.

Um, what do you think My average winners are per share and what do you think my average losers are per share? Let's see if you guys guess right, some of you might guess super super high, some of you might guess low I don't know, we'll see So and for those who are tuning in for this um Weekly game plan. Thank you for tuning in I Hope you've hit the thumbs up. You guys are helping this channel grow. The metrics on the channel have been doing really well.

Uh, in the last month or so. Um, you know and I appreciate you guys being here. We do have ads on the channel and uh YouTube seems to like that. so thank you guys for being here.

Okay, so start day Uh August but of course no ads for Um for members over at Wario. All right, so let's see Um and we're just gonna do profit loss, winning versus um losing. So this is going to be a winning trade versus a losing trade. Generate report Okay So we've so far um, this month I've had a hundred and sixty four thousand dollars in winning trades and about sixty four thousand dollars in losing trades.

Okay, um, and the average winners are 16 cents while the average losers are 15 cents. Those are my averages right now. That is. Uh, that is about a one-to-one profit to loss ratio, right? And now as it turns out, this is a very small set of data because it's only two weeks.

It turns out that the winners are a little bit bigger in dollar size. Um, you know. but but it's very close to one to one. so 16 cents now if you were doing that, just that's that.

That's the average. My average winner is only 16 cents. So what some Traders might do is set um, set profit targets where you know you sell a quarter of the position or half the position at 15 cents. Now I wouldn't do I wouldn't sell the full position because the problem was selling the full position is you're getting back into capping winners and I don't want to cap winners when I was trading the last time I traded in a small account I use profit Target hotkeys so I would get in and I'd press Ctrl P and control P I set a script so it would sell my full position and I don't remember now I think it was 10 cents I think it was up 10 cents a share so I was like I'm gonna sell a full position of 10 cents a share because you know with a small account, whether it's 500 or a thousand or two thousand dollars.

if you're getting in and you're using leverage to buy a thousand shares of a three dollar stock or something like that. if you're up 10 cents, take that thousand, take that hundred dollars, uh, on a thousand shares right off the table. book it as profit and come back and do that the next day. Under trading is Um is super important as a beginner.

Trader With a small account, you want to under Trade You want to take just one trade a day and you want to do that for like two weeks, three weeks a month and just have one green trade a day. And if at the end of ten days, you only have four winners and you have six losers. Well, I Hate to say it, but you got to go back to the simulator because your accuracy is not good enough to be trading with real money. Okay, and you know, realistically, on those six trades, hopefully with smaller size, the losses aren't that, um, unmanageable.

But hopefully your accuracy is good because you have been practicing a simulator and so when you hit the ground running with the you know one trade a day, your accuracy is like 60 70. And so you've got six seven winners out of ten days, and now you're starting to grow the account. You're going to have more money, you're going to be having, therefore more buying power, and you're just going to keep doing that. You can do one trade a day for a long time.

The fact is, eventually eventually you will realize that there are some days where there might not even be one really good opportunity, which is always a bummer. and then there might be other days where there's dozens of opportunities. So it does make sense at a certain point to get comfortable, throttling up being aggressive when it's hot and being willing to be totally cold and off when it's cold. But um, you know it does take time to get there.

One of the traders that we have in the community right now he's got a 250 000 badge. Um, he's been super consistent which is great. And one of the things I noticed about him is that he only trade he. generally speaking, he only trades for a very short period of time.

each day it's like he comes in, he's trades from 8 to 9, 30, 10 and then he's gone. He's done. Now he happens to be in Europe and so of course in Europe 10 o'clock Um, you know local time for us is four in the afternoon, right? Well, it depends on where in Europe is, but you know it's later in the afternoon. And with family and everything else, he's got other things that he's got to do.

So he squeezes trading in for a very small window each day. and in some ways I think it's a benefit for him because it the scheduling puts a constraint on when he can trade and it just forces him to stop. You know I mean yeah, there's some traders in Europe that will trade all day long. because they're scheduled, they make it so their schedule allows it.

but I think it's there's an advantage to keeping it a little bit tighter and so then on the flip side, we have other traders who are over in California and so in. California You know you guys, many of you are in California. You know the Market opens at 6 30. You know 6 30 A.m is 9 30 opening bell and so for many of us who are sitting down at 7, A.M 8 A.M Eastern You're talking about four or five in the morning.

So waking up to trade at three, four, five in the morning and then for TR Like for me, if I'm done at 10 A.M that's only 7 A.M in California And so I think there's a lot of California traders that end up over trading because it's like, well, it's 7 A.M Like the grocery store is not even open yet. what am I supposed to do with the rest of my day? it's 7 A.M I can't why would I stop now So they just keep sitting in front of the computer. you know and next thing you know, it's 9, 10, 11 and it's two. You know, in the afternoon, three in the afternoon they've traded through the afternoon chop, they've gotten chopped up chopped up.

They went from having some nice green trades early, digging a big hole and that you know again, I'm making generalizations and I'm not saying all California Traders are going to do this by any means, but I think that scheduling and time zone can have certainly an effect on the way you think about trading and and how where you focus your energy. And unfortunately, what I've consistently found is that traders who trade more tend to get chopped up and Traders who trade less who are super disciplined about getting in and getting out and being done do better. And usually the ones who trade less are trading less because they have hard stops whether it's picking up their kids from school or it's dropping off their kids at school or it's the other job they have that pays the bills because they're a Realtor, they're you know, a freelancer I Mean it's something else that comes in that gives them a hard stop. and so they also don't really get a lot of fomo from missing opportunities that happen later in the day because that's just not within their schedule to ever trade during that time now.

I'm sure at a certain point if they realize there was a theme in the market where it it just changed and all of the action was during power hour, then at certain point they might say all right I need to I'm gonna have to think about changing my schedule to to fit in the market and then they change it and then from that point forward now they have this new schedule and so then if they miss trades at the other part of the day then you know it's no big deal. So I'm just talking out loud a little bit. but we are in. August Um, it's summer and we're in a bear market.

So Bear Market summer. You know this is the time to be super disciplined. Take it slow. Yes, when when there's opportunity, be aggressive.

But you know I think that we'll have better markets ahead of us. Whether it's in the next six, eight weeks, or it's in. you know, three or four, or five months. I Don't know, but I would hate to see someone blow out their account right now because this is a bear market and while there's opportunity, it's still a time to be a bit more cautious.

So I'm gonna try to stay conservative. I'm gonna try to get in, get green, shut it down and so I'll be back at it tomorrow. We've got a little bit of a watch list of a couple of continuation stocks from last week. they're all recent IPOs so I'll be watching those and what? I'm seeing down tomorrow morning I'll be looking at the Gap scanner and seeing, um, seeing what it, what it has for us.

Realistically, um, if we look at my profit by um, day of the week, you know it's been better midweek. Tuesday Wednesday Thursdays happen to have been slow, but Mondays typically are a little bit slower. so I'm I don't have super super high expectations for tomorrow. but you know at the same time, if I can get halfway to the Daily goal or a little bit more, that's a great start to the week and certainly better than starting.

you know, deep in the red, so have to be cautious tomorrow morning, it's the beginning of the week. Always want to get the new week off to a good start, so the first trade of the new week quality standard needs to be pretty high and if nothing looks good, it's totally okay to have a no trade day or to just trade with really small size unless some until something starts to open up. All right. So that is, uh, the game plan for the week ahead.

So thank you guys for being tuned in. Uh again. there's a link to check out the uh Dog Days of Summer sale over at Warrior Trading: That's a 40 off coupon code that you can use on uh the Warrior Pro Course it's a one year long access to the chat room, my curriculum, the scanners you've got simulator access you get all types of things so you can check out the page about that. and then there's also coupon code for a 30 off day trade Dash which is, uh, chat room, audio video broadcast if you choose to add it, and scanners and news.

all right so you could check out those two platforms. Of course, as a Warrior Pro student, you have access to day trade Dash so you would never need to sign up for both. You just would choose which one is a better fit for you. So thanks for being here! Reminder: As always, trading is risky.

My results are not typical and there's no guarantee you'll find success. so make sure you do take it slow, practice the simulator and keep studying. I'll see you back here first thing tomorrow morning.