What's up everyone? Alright, so finishing the week here, this is my second green day in a row and bouncing back a little bit up $1600 today. But the nice thing is that I took six trades today and I had six winners I only traded for 30 minutes from 9:30 till 10:00 a.m. and then I threw in the towel and said that's it. 1600 bucks is good.

Six winners in a row is very good. If I keep trading, I'm apt to have a loser. so let's throw in the towel here and just finish the week on a green note. So this is the seventh trading week of 2018 and it is unfortunately my first week closing in the red.

I'm closing about down $10,000 this week, which obviously is not what I wanted, but it is what it is. It's part of the pullback and it looks like I'm starting to bounce out a little bit. so I'm hoping that continues into next week. But guess what, the markets are closed on Monday for Presidents Day So next week is going to be a short week, well, a four-day week so we'll be back at it first thing on Tuesday morning and hopefully this momentum that we've seen here Thursday and Friday will continue into next week and I can really try to get February back into good shape.

My goal is to close the month if I can up $10,000 now versus making 117 thousand in January. It doesn't seem like that's a very big goal, but this point it would be a nice turnaround and I'd be really happy with that. So anyways, we're gonna break down all the trades from today in today's midday market recap. All right everyone.

so here we go. Today is the 33rd day of 2018 and it is another Green Day which is great. So finishing the week here with two green days back to back, that's certainly nice. But this has been obviously a difficult month for me so this will be my first red week down, $10,000 on the week and I'm you know, red on the month.

So we've now got let's see Two Four Six, only seven days left in the month, you know I need to average to $3,000 a day to really get myself not a little you know, out of the hole and to being up 10,000 on the month which is what I would like to be able to do. Not sure if that's gonna happen, but if I can get myself back to break-even that's a good start and then I'll just start March off fresh and hopefully be able to, you know, get myself really nicely into the green through the month of March. But today the strategy was small, scalps, small wins and it worked pretty well. 1600 $71.99 So I really just went for small trades I took six trades total.

Most of them were 5000 share positions getting in, capturing five six cents of profit getting back out. only stock I traded was ft ft. This was on our Gap scan this morning. it was one of the leading gaffers so I was watching this for a gap and go I hesitated on it a little bit right out of the gates.

typically you know I would buy the break of pre market highs right here at 338 340 I had the order ready to do it and I just kind of hesitated I think I was a little nervous because it opened down here at 3:17 so by the time I was up at 338, I was like oh, you know it's 20 cents if I jump in this 5,000 shares and it drops I'm gonna instantly lose a thousand bucks and I'm gonna start the day in the red and I really don't want to do that so I just kind of waited for a second. it then popped all the way up to 65 or 75 and as it pulled back I bought on this pull back so I got in at 67 and you know I I don't know I guess actually I tried to take I tried to double at 70 I guess it's good that I cants that order, you know I I just wasn't totally sure about it. so God anyways got into 67 added at 76 it didn't hold up very well. Ended up selling at 74 in 72 so that first trade was only like 250 bucks.

A really small winner. You can see here how it tapped 88 and then it dropped down to 55. It then popped back up I got in at 79, sold at 86 and 87 added back at 82, sold at 85, added back at 87, sold at 85 and 97 added at 90, sold at 407 and 405. So as this was squeezing up here trading through this area, we got a pop up here.

So I added there one minute pullback scalp up to a high of 420. My best exit on this one today. Looks like it was actually 419 1600 shares which is not bad. scaling out a little bit right under high of day.

that's it's pretty good. So you know, like I said not, there wasn't a homerun on it. There wasn't a big winner. even though it ended up going from 338 up to a high of 420, it wasn't in one push, it was over the course of you know, 15 20 minutes.

We then had a good sized pullback I was watching it right in here to possibly get in for the first five-minute candle to make a new high watchin watching and it breaks down so no opportunity to trade that it didn't give me the setup and so with that I was done for the day. So today was just kind of a you know I mean it was great because of the accuracy was on point. Six trades, six winners. that's gonna help me a lot.

My accuracy this week has not been has not been that great up until today. Well actually yesterday, No, yesterday was okay - yesterday I had three trades and I had three winners. One of them was only a dollar-fifty winner though so but it was still it was still a winner. See, you know what? Actually, I would prefer to have dollar-fifty losers because having really small losses like that would bring down my average loss my average loser per trade.

So having the dollar-fifty winner brings down my average winter per trade. But in any case, I hacked your see in the last two days has been 100% But of course my accuracy on Monday Tuesday and Wednesday wasn't super great, so you know it's the up in the flow. I'm kind of just trying to go with it right now and not get too bent out of shape. You know right now I'm sitting at a hundred and six thousand dollars on the year and this was our seventh week.

So let's just do the math here. A hundred and six thousand divided by seven. So fifteen thousand, one hundred, forty two dollars per week average and I would love to just be making divided by five. Three thousand, twenty eight dollars a day every day.

I come in three thousand twenty-eight dollars. but it's not like that. Some days I'll have eighteen thousand dollar winners, 13 thousand dollar winners and then the next week I have six thousand dollar loser. Three thousand dollar loser.

It's just the way it is and I know it's something that I'm struggling with a little bit right now. This morning during our midday recap I was talking about how right now this is an opportunity for us to strengthen that muscle of discipline and and the reality is I didn't have to be very disciplined from November October November December and January Trading was easy. It was like you know you staying in great shape without having to go to the gym. You're just like wow I'm in great shape.

This is awesome I don't have to work for it, it's just I get in, do the same thing every day and it's just everything is great and then all of a sudden things change and that's kind of what happened here in February now I need to exercise discipline but that muscle I didn't have to use it for three months because trading was just so strong. So I was kind of out of practice and it's been hard for me to adjust to switching to you know, focusing on base hits and not trying to swing for these big winners. So you know today is kind of day 2 getting things a little bit more focused on the base hits and hopefully we'll see that strategy continue to work through next week and through. You know though, the rest of February we've got seven days left, so I'm hoping that I can catch a couple of decent winners and dig myself out of the hole a little bit.

but it is just one step at a time. I'm not going to be able to bounce all the way out with one home run trade I mean if I do that, I'm swinging for the fences and if I miss I'm gonna just dig that hole deeper and deeper and deeper. So you know I right now can't afford to take that big leap. I have to, just kind of, you know, crawl my way out knowing that over the course of seven days of crawling, I'll look back and be like oh yeah, I did make some progress and then once I start to get a little bit more confidence.

Maybe that's when I can start to take a little leap and see if I can gain a little bit more. You know of some headway getting out of this this hole, but you guys who have watched me trade over the last you know, several years and who have seen these midday recaps day after day. you know that I have streaks that are just incredibly strong. really hots, great hot streaks and then I'll have these periods where the markets slow, it's choppy.

I'm not adapting well, it lose money and it's just it's part of the deal. So some of you adopt a more conservative trading strategy. by default, you're just kind of always focused on base hits and on the days where I do have a home run, you're still just on a base hit. But on the days where I'm losing money, you're also on base heads.

So that's a little bit of a more consistent way to trade. You may not net quite as much because those occasional home run trades I mean literally, three days in 2017 made up 33 percent of my profits thanks to home runs on each of those three days. So you know that's how big of a difference as home runs can make, but at the same time for your confidence for emotional stability, being a base hit trader is not, There's nothing wrong with that. It's not bad at all in the long run.

maybe it's better and maybe more sustainable. John He's been a really good base hit Raider and he's in the chatroom as a junior moderator. He's always kind of had that approach of you know, small, went small, went small when they add up, and he's really been quite good with discipline. I Know this has been a difficult month for him as well.

Almost every trader that I've talked to is said that this has been a difficult month for them, and that's from beginner day traders to institutional traders with 15 years of experience trading large caps, small caps I mean the whole range. The feedback I've gotten from a lot of traders is that this has been a difficult month. So it's not just me, it's not just you. It is a difficult market environment and when we come out on the other side of it, we'll probably be better off if we've taken this as an opportunity to strengthen that muscle of discipline.

So you know that's what it comes down to trading. This is a very easy job coming in here, sitting in front of the computer and pushing some buttons. It's easy in terms of you know the skill. The the hard part is the emotional side of it and not getting yourself bent out of shape when you are three days into a red streak.

you know, having the ability to think clearly, be calm, get yourself out of the hall. it's you know that's what. That's what challenges us. So every day is a little bit of a challenge.

But anyways, you know this is about it for me today. I'm glad to finish the week with some green trades I guess right now I've got let's see nine green trades in a row so that's a nice way to finish the week and we'll be back at it first thing on Tuesday morning since we've got the the long weekend here and I Hope you guys I Get some rest, relax a little bit. Those of you that are in the classes take it as an opportunity to study and you know once the market does pick back up you're going to want to make sure you spent that time studying so you can really capitalize on the momentum because when it picks back up, things will be moving fast, The opportunities will be there and you want to make sure you can really capitalize. All right.

So that's the game plan I Hope you guys have a great weekend and we'll be back at first thing on Tuesday Morning All right, See you guys Then if you're still watching, you must have really enjoyed that video. So why not subscribe and get email alerts anytime? I Upload new content. Remember when you subscribe, you become a member of the Warrior Trading Family.