Alright guys, so let's do our midday market recap. We'll go over the trades from today. So finishing the morning up 1342 dollars which is not bad. you know yesterday was was a really great day up over four grand today.

thousand dollars. I'm happy with that, especially in the first hour. So we'll go over the the trades they took. For those of you watching on screen share on YouTube you can see my my PNL here those of you on Facebook you can see $448 on CCC R and 893 on MT BC I took a total of let's see: I took two trades on MTV's no three I took two trades on Mt BC one winner, one loser.

They took two trades on CCC r which were two winners. So four trades today and three winners and one loser not that accuracy this week has got to be in 80's It's pretty solid. I've only had I think two losers this week so I'd love to keep that up for as long as I can. One of the things I said earlier today is that when I'm looking at trades I kind of ask myself: would I be comfortable taking this with ten thousand shares and if I'm not comfortable jumping in right away with 10,000 shares, then there's a reason.

And if the reason is simply there's not enough volume, then that's a good enough reason to not take the trade. But if the reason is like, well, it's a little extended or well, there were two doji's in a row I don't know if I trust it then I could take smaller size I could just take 2,000 shares. but you know per gala T is the set up isn't as good as I'd like it to be. So today I was trading with between five thousand and twelve thousand shares and I felt comfortable with those share sizes and I actually the smallest one was three thousand shares.

So between three thousand and twelve thousand and those trades for me, we're all focusing on a quality set ups setups that I really thought had a homerun potential now I didn't actually get any homerun trades today and despite that, I'm still walking away with $1,300 So it means that even though none of them worked out as well as I might have liked in the back of my mind, you know homerun potential. they worked out well enough to give me my daily goal, which is terrific. You know, if they'd worked out better and maybe up three or four thousand dollars again today, that which would definitely put a real dent in the monthly goal. Okay, so let's look at the drapes that took now.

One of the things I also mentioned yesterday was the importance of buying pullback setups. So on Mt BC this morning this one was squeezing up. It was gapping higher. It squeezed up to a pre market high of - OH - and then it pulled back.

It pulled back on this bull flag pre market and I said I like this over 192 As soon As the bell rings, the bell rang and I jumped in 192 I jumped in expecting an immediate break over two dollars. What ended up happening is we popped up - - we actually popped up to 199, drop down to 183 and then came back up to 194 and then did this sort of like quick little red to green move up to 205 and then back down to 178 so it really wasn't clean. Even though it was a decent flag, it just didn't work out the way I thought it would. Despite that, I got in at 92 I held through the pullback with a 10 cent stop.

So I was about to bail out like right around 80 or 90 80 to 81 I was ready to get out I had my hand over the hot key, prepared to bail out and then it popped back up to 94 and I was like ooh, that was a close one All right, back up to 94. Then I said all right, You know, even when it was selling off I'm thinking okay, well I'm going to wait for the first candle to make a new high to see if we got a red degree move but at the same time if it drops 50 cents I can't hold waiting for red to green move. you know I need to, You know I need to see resolution and just hold, read and read and read. So anyways, pops up here to 194, pulls back and then goes up to 205 I sold 202 and 203 201 and 199 so little under 10 cents per share and that was that was totally fine I was happy with that MT BC pulls back goes under the view AB consolidates and then suddenly bursts through the view app and pops back up through two dollars back up to 205.

it then pulls back right here. We're watching this pull back and I said okay I'll take a one-minute pullback on on this trade. we hit 205. we pulled back down to 195.

we as we came back up over to I got in with 5,000 shares of $2 we popped up to 202 drop down to 197. at that point I was like I don't think I like this anymore I'm going to get out breakeven and I did I lost $25 My one loser today was a $25 loss. Big deal right? It doesn't matter So lost 25 bucks on that one and it ended up going up to a high of 213 on the 5 minute chart. I was watching for a possible bull flag right right around 10, 10, 20 as it hit the 9 moving average but it was just.

it was too weak. it sold off and it's continuing to go down. So I ended up doing well on it, but it really wasn't a homerun trade, it was. It wasn't a very easy one to trade in fact.

So the next one's si si si R this one was not on my watch list. it just started popping up and as it popped up here to 295, someone mentioned it and I was like well, the thing is, the volume is really light. It only has like 45,000 shares of volume. I need to wait for a pullback and I watched it go up to 305 to 310 and then to 323.

I was like well, yes, it's run but I still need to wait for a pullback I need to be able to manage my risk on this. So it pulls back right here at 9:47 down to 9 on two, three, twenty three fourteen and as it came back up and it broke over 320 I got in and I had a target of 340 350 with a 10-cent stop. So I'm in it 320 stop is 310 target 340. Ideally it pops up to 330.

Hesitates drops back down to 320, then it pops up to 337. Again, Hesitates starts to reverse and I bailed out. You know I wasn't expecting after a 16% move that the one minute pullback would only give us. you know, eight cents.

To the upside: I really thought it was going to be more than that, so a little disappointing there if I thought it had a lot more potential, especially because the daily chart a breakout on the daily. But what was one of the problems with the stock? It didn't have a catalyst. Now that's a problem on the one hand because when it pops up short sellers are going to look at it and be like I'm going to short this. This thing is up for no reason.

It pulls back. but if that pullback gets bought up and it squeezes through the highs, those early short sellers who are shorting the stock that had no catalyst can get squeezed. And even though the stock has no reason to move, the simple fact that now these people need to cover and by covering their buying, it creates more momentum to the upside. So we do sometimes see incredible moves on stocks with no news, but you need to have that first pullback, get bottom and in this case it didn't really work out super well.

So anyways I took a little bit of a break and then I came back and saw it was consolidating under 3:30 And that's when I took my last trade of the day where I got in at 3:30 for the break over this flat top because we had tapped once, twice and three times at 3:30 So I was like okay I'll get in here 333 thousand shares we pop up 340 341 We can't hold that level. we drop back down I only made three cents on it, three cents per share but $448 total on the name on two trades and that's it. You know? 1,300 bucks daily Goal for trades biggest Lost: 25 I Think that's pretty good risk management I Lost, You know less than a well I lost half a penny on that trade with 5,000 shares. So overall, today is a pretty good day and this week has been pretty good in terms of managing risk.

I Admit, even though I've been a little aggressive on my share size, I've been managing my risk and keeping my stop too tight which is important. So this is definitely a bounce-back week. I'm up about 6 grand on the week right now and we still have two days left. Thursday and Friday.

Having said that, Thursday and Friday are not usually my best days of the week, especially Fridays so tomorrow I'll probably be conscientious to scale back a little bit kind of ease back out of the market going into the weekend, and then when we come back on Monday I'll be ready to be aggressive again, but you know Thursday and Friday Look, if I can add an extra 500 bucks each day and finish the week up seven grand. I'm fine with that. That's fine. I Don't want to.

what I don't want to have happen is I get aggressive and I lose. You know, three or four thousand dollars or something like that. So I just need to be mindful and you know I'm going to put it on a post-it note. Go easy, go easy on Thursday and Friday and I'll just slap this up on my monitor so it'll be the first thing that I see tomorrow when I Come and Sit down.

Go Easy! We come in at the end of a week and it's been a great week so far. so let's not do anything to jeopardize what has been a good couple of days and we still have two and a half weeks left of the month, you know? Thursday Friday and then two full weeks. So I'm hopeful that we'll have some more good opportunities like what we had yesterday that can give me some three, four, or five thousand dollar days. But if not, I can grind on thousand dollars a day.

$1,000 a day would be an extra well. Twelve thousand dollars. We have 12 days left in the month, so that's not bad. It's just slow and steady.

right? Slow and steady. but doing everything I can to avoid the loss and that's the thing I Keep reminding myself. but the best traders are obsessed with reducing risk and minimizing their losses as much as possible. So I feel good about the way we've been doing that this week and we want to continue it into Thursday and Friday.

All right, so that's about it for today. Kind of a short midday recap, Some pretty pretty relaxed trading. Nothing too stressful, low risk, low stress. thousand bucks.

that's pretty good and you know the weather's awesome. So a good day to get out and maybe enjoy some Sun here in the early afternoon. So let's see I think that's about it over on. YouTube We've got episode 7 from Behind The Trades from last Friday that's up and those of you that want to submit questions or stories for our Friday episode of Behind The Trades, you can do that at Warrior Trading Comm slash show I also have an interview on YouTube that I just added yesterday with one of our students.

He graduated from the Warrior Pro class last month and in the last month he's made about $3,600 live trading. He traded in the Warrior pro class and the simulator. graduated from a simulator. went into real money made thirty six hundred bucks in his first month and he's not using big size.

he's taking it real easy. five hundred shares. So I definitely check out that interview with him. it's you know it's great to see students that are doing well and to get a little bit of insight into what's working for him.

Alright guys, so yeah, I guess that's about it for today. Another solid day in the market and I hope you guys all have an awesome afternoon and I'll see you first thing tomorrow morning. All right, Thanks guys! See you soon! Oh hey I didn't see you there while 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!.