All right everyone. So I'm going to give you my game plan here for the week ahead. Thank you guys for tuning in for this uh live episode. So uh, we finished the first week of October and it was a pretty good week.

All in all, uh I was green four out of five days which is I mean that's pretty standard you know in terms of um what? I usually sort of allocate for myself which is one red day a month so or one red day a week. So finished up uh 5000 Monday 3500 Tuesday down 700 Wednesday up 9 700 Thursday 5500 Friday So a pretty good week. Disappointing that I had a red day and I definitely over traded a bit on this day. You can see here that you know I had some good profit and then I gave back half in one just about half in one trade and then I kind of came back in the afternoon with a little bit of fomo and tried to kind of rally back up and then took another loss.

kind of tried to Rally back up and then went red and I was like all right, you know what this is the time to call it So Wednesday was not a great day. um but you know the rest of the week was was pretty solid. So you know one of the things I mentioned. Um, towards the end of last week when I was doing my recap I mentioned that um, one of the things that's really important at least you know I sort of feel that's pretty important is building a cushion on the day, building a cushion on the week, building a cushion on the month, building cushion on the year.

So of course I have a cushion on the year at this point I've got a um, you know, but we're at the beginning of a new month so as we were sort of starting the new month if you recall, in September I started with two really great days eighteen thousand and fourteen thousand first two days of September and so that gave me such a solid cushion. two days in that by the end of week three, I was already above my my goal for the month and then I was able to just sort of continue to trade and I added um, you know, thirty thousand dollars above my goal of a hundred and I finished 131 000. here we are now in October and I haven't really been able to build a lot of a cushion. I'm at a little under 25 000 on the month right now, which is sort of I mean that you know my goal is 25 000 a week.

so I'm just exactly where pretty much I want to be. but I haven't gotten ahead. so I don't really feel like I'm super super big time in the driver's seat to take a lot of risk on Monday or Tuesday you know, which means if there's something that looks really good, but I feel like the risk is higher? I probably won't trade it as aggressively as if as I would if I had a cushion and so that might mean that I make a little bit less on Monday and Tuesday and then that's going to sort of set me up on the second week of the month. maybe to just sort of again, be tracking and trending to the goal, but not like crushing it I Feel like I need to have a really good start, uh, to the month in order to get myself really in the driver's seat.

but that's even true. uh, on an intraday basis. So let me kind of walk you through how I'm going to approach things tomorrow. So tomorrow morning and well, one of the things that we've noticed, um, is a lot of chop.

especially midday. uh, and even sort of late morning Lucy was a stock that I traded on Friday and we had some really nice action on it. This stock goes from a dollar sixty up to three 45 350. it's over 100 percent.

It was a really nice move, but look at these candles, you can see that this stock kept creating these really nasty traps. So you have a big one at the end of the day right here, right? It looked like it was going to curl into the day and then just got hammered. Big sell-off there. You had a pretty big one here.

A pretty big one here. A really big one there. another one there, and another one there. and you know at the open too.

I Suppose that one there. Now on the downside, you had a bottoming tail here here here here here and here. and a little bit here. so you got some bear traps as well where you got that drop and then that you know, rip back up and you got one pre-market here.

So this was a stock that was really really choppy on Friday and if you recall on Friday We also had Nviv. This is a stock that starts squeezing up on Thursday It makes this really big move all of a sudden. like out of nowhere it just starts squeezing up from 450 to 5 56 650 to 7. up to nine, pulls back goes up to 11.50 pulls back goes up to 13 and then at 8 A.M Friday Morning Boom They announce direct offering priced at the market.

Which means during this move up insiders were selling shares to raise money for the company. and and this type of stuff is just I I Just can't stand it when I see it. You know company has a news headline and then immediately is selling into the market on that kind of news. And so we had this really nasty secondary offering on Nviv.

It was priced at the market at like five dollars so that was super low. Sells off to four by the end of the day down 70 percent. We also had Atxi this one same same story secondary offering priced really low. so the stock first is at 17 earlier in the week.

By the end of the week, it's at 2.67 So this for me is you know it's a reminder as always that I do not want to hold and Hope on small cap stocks. If I get in a position to the long side, it's going down. It's going against me. I Cut the losers.

It is so much better just to cut those losers than to hold and hope because when you end up holding and hoping and then something like this happens, it can just really Crush You, you know I mean listen, holding and hoping doesn't work in general. If you're trading large cap stocks, some people might say it's more forgiving, you know. But look at the price of Zoom If you want to look at the daily chart over the last 18 months, you know it's at 76 dollars versus a high of 600.. So while holding and hoping might tend to work better if you're trading an index like the S P 500, which just historically over pretty much any 10-year period of time is, is positive on individual stocks, There's a lot of risk in doing that, so cut your losses.

That's that's you know what? I have always told myself to cut your losses Let It Go Move on to the next trade. So you know Atxi Nviv. It was disappointing to see those moves I Hope that, uh, we don't see too many more of them this coming week because it's just not nice to see that. But um, right now, we're still in a bear market.

so my Bear Market strategy is to be aggressive about getting in quickly and getting out quickly with profit. So basically I'm not trading with huge size, but I'm just trying to quickly rack up small base hits, small base hits, small base hit, small base hit, and do that again and again and again. And so for a lot of these days where I've been trading, if we look, you'll see 22 trades, 17 trades, 22 trades, 23 trades, 31 trades on the red day I Over traded and if you look at my metrics for the last, I mean whatever. just the last like two months, you'll see that my average winners are pretty small right now.

only 590. These are not big Winners but the losers are small as well. Accuracy is solid over 70 percent and these trades are four minutes long. So in this bear Market I'm finding it easier to predict what a stock will do over the next five ten minutes, then over the next.

you know, 30, 40, 50 minutes. So my trade hold time is shorter very quickly I can tell if it's not working and I get out if it's working I can add to the position if I feel confident, but that's really only if I already have a profit cushion on the day. So as I sit down tomorrow morning I'll price it down between seven and eight. so Warrior Pro members and day trade Dash members will see me streaming I'll be looking at the Gap scanner and of course, naturally I'll be looking at the top three or four or five gappers.

I'll be looking at the price of the stocks I'll be looking at the flow to the stocks I'll be looking to see what their daily charts look like, what the pre-market price action so far looks like, and if they have any clear catalyst. If we do have a couple that look good that have a clear Catalyst and are moving higher, I'll be looking at pullbacks to start it. start to try trading them as early as I can really I I wouldn't trade before seven, but you know, as soon as I sit down and if I see it and it looks good, I'll start trading it as it's moving higher. One of the things that you know we've also noticed right now is that if at the open, the leading gappers fail, you know they sell off.

They're really choppy that that really seems to set the tone for the opening range. You know, until and even the early morning. By mid-morning into lunch hour, sometimes you'll have one or two stocks that kind of seem to rise to the surface. they're still holding up and Traders start to trade them and buy them up and we see a move.

but that's been less common. So you know, right now, the cleanest action has been early. So the time I'm going to be focusing on trading is between 7 A.M 8, A.M and uh, you know, starting between seven and eight and ending between 10, well, 9, 30, and 11. this depending on the day.

if we have a day where there's some really nice momentum, I'll trade longer. but if the Gap gappers have failed and we're not having a good Gap and go day, then I'm going to stop earlier in the day. So that's kind of my Approach right now. It's definitely a, um, you know, a market to just stay light on your toes.

take those small base hits. Do not overstay your welcome. Implementing a scalping strategy could be a good approach, just small gains, Small gains, small gains of course. One of the downsides with being a scalp Trader is that your winners are going to be relatively small because you're not holding for very long.

and so if you end up catching a really big loss or a couple big losses, you'll end up with a negative profit loss ratio where your average losers are bigger than your average winners. Which means your accuracy needs to be really, really high to compensate for that. so be mindful of that. I'll put a link at the end of this episode to a scalp trading.

um, a strategy. uh, lesson that I recorded which I think you guys will enjoy. but right now in a bear Market that kind of approach of staying light on my toes, trading with smaller size and just trying to get you know, a 400 winner? A 500 winner? Maybe 750? Maybe a thousand small little base hits. That could be buying a stock at three dollars with 7 500 shares and selling it at 310 for 10 cents.

A profit? That's 750 bucks and then doing that kind of Trade four or five more times. until I work my way up to three or four five thousand dollars on the day, right? that? that's kind of the approach right now. I think that that's been working really well. You can see my uh, my metrics right now.

Uh, I can go back a little bit further if you want, but um, you know obviously I've been on a nice stretch here a couple red days, but they're small 1500 a day there. 700 a day there, and some nice green days. So focusing on base hits, just getting in, getting out, getting in, getting out, not overstaying my welcome, right? So I think that that's the best approach right now in a hot. Market What I'm going to do differently is I'm going to hold longer and I'm going to size up with a lot more share size.

So I'm going to start increasing share size being a lot more aggressive. And that's when we see stocks where you know I'll take a starter at 10 I'll add a 10.50 I'll add it at Um 11. I'll you know at 11, 50, add at 12 et cetera et cetera et cetera. Um, so you know that's kind of.

um, you know there's There's definitely a difference between um, the bull market and and the Bear. Market So this profit right here 350 000 uh is over the course of 1100 trades, right? So it's 1100 trades, trading dozens and dozens and dozens of different stocks. and just, um, you know, trading Momentum every single day. So whatever's moving.

So tomorrow, the first thing of course that I'll be doing is I'll be sitting down looking at our Gap scanner. Um, so if I load this scan here, we'll see the top Gappers tomorrow morning right here. All right, we'll see High Day Momentum Scan or what's moving higher. Those you guys that want access just to the scanners and my chat and news feed you could be subscribers over at Daytrade Dash This is the chat room.

You get the audio video feed. You can subscribe to that if you'd like and um, that's fine. Those you guys that want to subscribe to the tools but also want access to my classes, you can come over and check out the trading courses. many of the memberships will include a link to enroll in the chat room so you can watch me trade there as well.

but then you also have access to all the classes. So uh, yeah, that so. anyways, my game plan for tomorrow for the most part is, uh to sit down on the early side. I'm gonna hope that we have some nice gappers, but if the leading gappers are all higher float stocks, if they're all penny stocks priced under a dollar, you know, or whatever, then probably by the time you watch me, uh, come up here at 9 00 a.m for the morning show, it's possible I won't have taken any trades I Don't want to trade low quality setups I Want to focus on good quality setups I Think have the potential to move higher.

Um, so that means I need to make sure I'm thinking about the price range and the float and the daily charts that right now are performing the best earlier in September and even through August we had great momentum on recent IPOs we had a great momentum on Chinese stocks and we had some really strong momentum on recent reverse splits. I Think right now we're a little bit in between these big big surges of momentum and right now he's a little bit more of kind of base hit trading even though it's sort of in base at trading all summer. Uh, it feels a little more so right now. You know.

Back in September and in August we had a couple of those IPO stocks that just went absolutely crazy. you know, going up 2 000 percent and so some of those I think paid Traders well who are willing to hold a little longer and try to hit a bit more of a home run? I Still wasn't trying to do that at that time, but uh, right now I think we're in between. You know, those really, really big moves. So the biggest moves that we've kind of seen intraday in the last two weeks have been like 100 percent.

We haven't had 200, 300 intraday moves and even the ones that have gone up 100 you know, like Lucy have gotten uh, crowded and choppy really quickly. and so we do have to be a little cautious when we start to see that price action because that's not. that's not going to be, uh, easier to trade. it's going to be more difficult.

A reminder of course, as always, that trading is not easy. it's all relative. Uh, it is quite difficult and my results are not typical and there's no guarantee that you'll find success whether you trade on your own. You learn from me.

So make sure you manage your risk and try to be cautious at how you approach this. But uh, I'll be trading as always first thing tomorrow morning and we'll be hoping to see some nice momentum watching. The Gap scanners. So those you guys on day trade Dash and at Warrior trading, you'll see me bright and early and then I'll start at the morning show around 9 A.M on YouTube For those that want to give, um, you know, get a sense of what my watch list will be for the day and kind of give it a shot to be tuning in and uh, sort of seeing what it feels like to be a day trader.

All right, So that's it for me. I Just wanted to come on and give you that a quick game plan for the week ahead. so thank you for tuning in and listening. I Hope this has been helpful and I will see you guys back here first thing tomorrow morning.

All right, Thanks! I'll see you in the morning.