Good morning everyone? All right? Well, it's uh, just about 9 00 And as I sit here, I'm looking at very real possibility of not taking any trades today. The biggest gap is only 24. I should not have traded yesterday. I should not have traded the day before.

I am red on the week two red days. I have restricted my share size today to six thousand one share. Which means I can take a six thousand share position and that's it. So 3 000 shares is my starter.

6 000 would be full size today. 10 cents. If I can make 600 bucks, I'll be happy with that. I'll shut it down.

What I don't want is a third big red day. and that's why I've restricted my share size today. You know I could very easily come in today and trade 40 50 000 shares of something and lose another 25 30 000. It's incredible how quickly you can lose 30.

I can. I promise you, I can lose 30 000 a day for the rest of the year. If you want me to try to do that, I can absolutely do it. I guarantee it.

It would be a lot easier to lose 30 000 a day than to make 30 000 a day. So you have to be very disciplined and right now I've gotten a little uh, complacent and a little sloppy. You know, I've come off a really good hot streak over the last year. I've had a couple of uh, you know, I've had a couple of uh slumps, but generally I've had a good hot streak.

So right now, while I'm still in pretty good shape, I went from up about a hundred thousand on the month back to break. Even so, I'll switch this. no audio. There you go.

So I'm I'm sitting at about break even on the month. Uh, in January I went down 150, then came back to Green. In February I went down 300 and then came back to Green. This month I went up 100 and now I'm back to flat, so you know we still have a full week left.

I mean, you know today we have eight days left today, tomorrow, Friday, and then all of next week. But it's a cold market, so probably the right move. Yesterday and on Monday would have been to trade with half or a quarter of the size I was trading with and just expectations from a twenty thousand dollar day to more of a five thousand dollar day, a quarter of what my typical goal would be. But now because I've had two big red days, I've got to stop the bleeding.

And that's where restricting share size comes into play. Restricting share size is not about trying to cap my winners. It will have that inevitable effect. which is why I hate restricting share size because there's no way I'm going to make 25 000 trading a typical small cap stock with only 6 000 shares.

But I can't be focusing on that right now. What I have to focus on is managing my risk and limiting my downside. So if I do have a third red day, it's not another thirty or forty thousand dollar red day. It's maybe at the most five 5000 or something like that, which is manageable.

So that's kind of my mindset. Today it's I'm not, um, in a super positive mood. and that's partly because of two red days in a row and then coming in this morning and seeing that our leading gapper is only 25 and the two behind it are 140 180 million share float stocks. So we do not have the volume and we do not have the volatility that I need to have a big green day.

So I can tell you today is probably not going to be a big green day. Uh, it could be a small day. You know it could be a small green day. and if I can get 10 cents out of the market, that would be that would be enough.

now. Uh, our leading gapper is athe and this one looks terrible. I don't like the chart at all. It's too cheap.

It's right around the 200 moving average. I just don't like it at all. It's a 34 million share float. The second leading gap is Wbt.

It's 140 million share float. Don't like it at all. Ocgn's the third leading Gapper. It's a 182 million share float.

It is moving a little bit more. It has almost 10 million shares of volume and you can see it did a pullback here. but this this entire five. this is 15 minutes and it's gone up 10 cents.

15 minutes. 10 cents. This is just way too slow for me to be interested. I just don't have the interest in holding something for 15 20 minutes to only make five or ten cents a share.

So congratulations for those that you know might have bought the dip at one point. But I just I just don't think that it's worth it for me right now. So you know a tie a day is up here at 667.. it's easy to borrow so you could focus on looking for a short.

but still, your range isn't that high. so I'm just. I'm just not that interested in trading these that have a such a small, such a small range. So that's Ocgn Aei I saw there was just a headline on that 9 A.m news came out.

I don't know, I don't. I don't really know. Volume is very light. So next leading Gabber Intt, it's a 9 million share float.

Doesn't look all that interesting to me and I don't see news on it so that those are our top four Gappers. Uh, so really, nothing looking that great this morning. I um, I would say something that's kind of a uh, it's a contradiction to say that this is a great time for a beginner trader to be in the market because you think, well, there's nothing moving. But it is a great time As a beginner trader, to be practicing in the simulator, to be studying, to be watching the level two, to be learning the price action.

Even on something like Ocgn, you can learn those behaviors of level two of big seller on the ask, getting bought up, or hidden seller on the bid, or whatever absorbing shares. You can practice. and then when things do start to pick back up, you're going to be in better in a better position than if you come into the market when it's hot. But most traders come into the market when it's hot because that's when they finally are like, okay, I've got to jump in.

I've got to get a piece of this action. Everyone I see, everyone say everyone's making my trade accept me. That's that's not true, but that's the perception that they might have. So f they jump in finally.

But getting in and starting during a hot market, there's a couple problems with that. Number One: You shouldn't trade with real money when you first jump in. So as a disclaimer, trading is risky. Most beginner traders lose money.

My results are not typical. since most beginners lose money. You should trade in a simulator before you put real money on the line. Which means if you get started during a hot market and you trade with real money, you still might find yourself losing.

That's number one, number two. If you do it and you trade in a simulator, then by the time you're ready to start trading with real money, the market may be cooling off and then you feel like wow. Now I'm going to start trading real money during a cold market, which is not ideal. So it's actually a great time to be studying and practicing when it's cold.

So you're getting trained, you're getting ready for the next hot market, the next hot cycle whenever it is, and I know that that's not the way it normally works. But for those you know that are in the position right now, I encourage you just to practice trade in that simulator and I I don't have a lot of interest in, you know, sitting here. I'm not going to trade in a simulator and I'm not going to just trade all day long just for the sake of gaining more experience. I don't feel that at this point in my career that's something I really have an interest in doing, but I think it is a good idea for students.

So all that's to say that this is a good time to be practicing. A good time to be studying, the market will pick back up and when it picks back up it could be intermittent. We could have you know one day where you have a three four hundred percent short squeeze and then the next day is slow again and that's kind of what happened last week. We had some really good opportunities on Thursday and Friday and I tried to kind of roll that those profits into the next big trade boom back to flat.

So yeah, this is a good time to sharpen the axe, get dialed in, keep practicing, and you know, if you're trading with real money, I would probably set your daily goal at about a quarter of what it normally would be. If your daily goal is 200, I'd probably reduce that to like 50 bucks. 25 bucks. I know it doesn't feel like a lot, might not even feel like it's worth it, but you would be gaining experience.

You would be keeping your head above water, even with just 25 50 a day, whatever it is. And then when things get to the other side, you'll be glad you did it. So, and Larissa's been leading the way in that approach, and I think that that's absolutely the right move. This just unfortunately isn't the market to take 40 50 000 shares.

it just doesn't justify that level of risk. And of course I did exactly that on Monday and Tuesday. And that's why I'm now down 100 000 on the week. Because you know, like an idiot, I decided to be really aggressive and try to turn my hundred thousand dollar a month into a 200 000 a month in two days and instead gave up gave back everything I made.

so I'm sitting break even on the month. I would like to be green. On the month, I have eight days left. So you know, a thousand a day.

Two thousand a day for the next eight days will put me back to up eight. Ten thousand on the month and that will be a green month. It's not a lot as far as it goes for me, but it's green, so that's that's kind of what I'm looking at. not to be super focused on the dollar amount, but that course would like to be green.

we all would. So, uh, and that's realistic. It's also totally possible that I could keep doing exactly what I've been doing for the last two days and go deep red in the month. So rather than going deep red and then having to try to get back to flat by the end of the month, I'm flat right now.

So let's just try to keep you know, keep my head above water and see if I can finish the month without another big red day. So risk management. We've got about 20 minutes to the bell and you know. As I said I I wish there was something that looked really good this morning, but I don't see anything that looks really good.

So when I don't have a good Gap and Go trade which I haven't had yesterday or the day before, I'm not getting a pre-market cushion. And then by the time we're going in the bell, we're just watching them almost scanner and it just feels like there's an inherent, uh, slowness in the market right now. A lot of traders sitting on the sidelines. A lot of traders probably smarter than me who are saying, you know what, I'll open their eyes, look at the Gap scanner, bleeding Gabbers 21.

I'm going back to bed. I'm not. What's the point? I'm going back to bed. I'm not going to fight through this.

This is ridiculous. and I get that, you know. And that, on the other hand, is one of the things that's really nice about being a trader is the fact that you can just say, all right, You know what? Today's a day where maybe I'd rather go do something else. I enjoy.

Go. I don't know. spend some time with the kids or whatever, whatever it might be. Let's see.

So yeah, just uh. hanging tight right now. So Ocgn is up 10 cents. I mean, it hit 66.

It dropped down here and it popped back up. I'm not interested in trading this. This doesn't have enough. It's not enough for me.

I'm just not interested. So those who want to trade it do as you'd like. It just isn't enough for me. It's only up twenty percent.

So as a reminder for those on youtube, this week is the last week of the Morning show. I'm gonna be away next week and then we're going into kind of the summer months. With traveling and things like that, I will. We'll run the morning show here and there, but it'll be a little bit more sporadic just based on my schedule.

So I encourage you guys uh who are tuning in. Enjoy today. Enjoy tomorrow, Enjoy Friday and then I hope to see you maybe in the community. As a student going into next week I still will be streaming for our students, but uh, Youtube will just be recaps for a little bit.

Nice Gary, that's awesome! So those you guys on Youtube let's see, find a link. One of our students who has his 750 000 badge said i tell you what I wish I would have joined Warrior Trading in 2019 so I could have traded with the knowledge I have now in 2020 when the market was hot. Yeah, I I hear you. I I wish that I had started sooner myself, and you know I.

I think almost every trader will feel that way once they get started. I wish I had started sooner, but starting today is better than continuing to. Sort of just let the market continue to pass you by every day. The market is providing opportunities so it's better to get started sooner rather than later.

Let's see. Okay right so those on Youtube I'll give you a link here um to register to a replay of my free day trading class so you guys can check that out if you're interested. Those on Youtube. That'll be a one o'clock today.

So what I'm most likely to do when the market gets really slow is start to look more at large caps. We have the large cap room. We have a whole community of traders that focus on large caps, so I don't want to step too much on their toes and start trading small, large caps in the small cap room, but that's that's generally what I would focus on when things get slow if it's slow for sort of an extended period of time, just because the large cap stocks will still provide some levels of volatility on a daily basis. So we've got about 10 minutes to the bell here.

Uh, leading gapper is Ocgn up 22. This one has news. It's continuing a little bit higher. These pullbacks are moving up.

It's got a high of 680. but the float's 182 million shares, so it's a bit of a higher float. right now. I'm not interested in it.

It's only up 22 percent. It's just not up enough for me to really have interest in it. I'm looking for stocks up 40 50 percent at this point. or 100 20.

22 just doesn't really fit the bill for me at this point to take the risk on it. Every trade carries risk, so I don't want to take the risk on something that's not really really. Moving quickly, It's either moving straight up or I'm not interested athe too cheap. Don't like it.

34 million share float leaving it alone Wbt 141 million share float floats too high. The price is too high. I mean, the price isn't too high guess but the float's too high intt this one 10 stock. No news that I can see.

I'm leaving that one alone for the time being. Uh, I just don't think that it's my cup of tea. Uh, Smts 162 million share float. This one has a high of 329 and I'm just not really that interested in that one either.

Uh, float's too high. Job is a 63 stock. That one's a bit too cheap. Aih is a 23 million share float.

Um, not a lot of chart to work with on this. That's that interesting leaving that one alone. Dtss jumping down a couple three dollar stock. It's got news.

It is a former Momentum stock, but today the chart pre-market doesn't really look that interesting so I don't see anything there either. So at this point with 10 minutes to the bell, our my best hope would be for some news. At 9 30 after the open Trka this one ipo yesterday I was curious about it, but it just opened and sold off so it didn't end up being a good ipo unfortunately. So ipos right now? I don't have any interest in trading those.

so back to Ocgn, the leading gapper the only way for me to make decent money on this would be to trade it with 40 50 000 shares. And unfortunately, I don't think this is the right market for me to be doing that in. That's uh, what got me into trouble Monday and Tuesday, So I just have to wait for better opportunities to come along. and maybe that'll be later today.

Maybe it won't be till tomorrow or next week, but I really am better off waiting for better opportunities than trying to trade with 50 75 000 shares of stock that's only up 22. I just don't think that that's right for me. So right now I am, um, you know, basically grinding the last couple weeks, made some money, gave a little back, made some money, gave a little back. So I'm kind of in a little bit of a treading water consolidation sideways waiting for the next move.

To the upside, and that's going to come when the market heats back up and you know it will. And I know that on a day when we have a stock up for 500 percent, those are the types of days that I can make seventy five thousand hundred thousand dollars. So I've just gotta just gotta wait for it. You know, trade the market you're in.

So that's kind of the game plan right now. eight minutes to the bell. The ipos today I'm not that interested in, mostly because the two ipos I was watching yesterday both failed. They weren't They weren't good ipos.

Um, and there's nothing that's super hyped up that I'm looking at like the coinbase ipo, which honestly was garbage. It was a garbage ipo. And um, this is. this is a joke.

It's a total joke. I saw a couple days ago that insiders sold millions and millions and millions of shares between 380 and 410 on the day of that ipo. Yeah, uh-huh No surprise there, we saw those big sellers. So this is just a kind of garbage market right now.

But um, that's okay. And I know it's a direct offering, but everyone's calling it an ipo. but it doesn't really it. It's whatever you want to call it.

The initial offering to the public there was pretty ugly. So yeah, we've got seven minutes to the Bell and I'll be watching the high day Momo scanner. So I'm going to move the Gap scanner over. watch the Hyade Momo scanner.

I don't have any large caps that I'm watching, particularly today. You can certainly check to see what some of the traders in the large cap room are looking at, but I don't have anything that I'm super dialed in on right now. I most importantly, just want to try to have a small green day or a zero trade day rather than have a another red day. So that means looking for the one the one that looks good and the one that I can get.

Um, you know, a nice trade on 10 cents a day with 5 000 shares? It's 500 bucks. So my job right now is to look for 10 cents a day in the market that I can pick up and I don't see it right now. Ocgn is 10 cents. It's kind of hard to get on it because of the float and the price, but that's my job.

10 cents a day right now, so I've got to look for it now. Certainly even in a cold market, it's not impossible to get 20, 30, 40 cents. But since I've had a couple of red days, my goal is 10 cents right now. So I'm going to try to get 10 cents today with 6 000 shares and see if I can walk away with 5 600 bucks.

Acy? Yeah, I don't know about that one. E-bet had a good first day, but the last three days not as good. It did rally yesterday as it turns out off of 20 up to 25. but I think that most smart traders are going to leave this one alone.

The risk is just probably too high. It's too choppy, not a volume. Spreads are too big so you get burned on something a couple times. You don't really want to go back for it.

Netflix? I don't really. Uh, you know, I'm not sure. It does look interesting. Possibly is along over 507..

Again, it's a higher price stock. Obviously it's a large cap, but it's a flat top at 507.85 The spread on it right now is 65 cents, 505.35 by 506.. So you've got fairly big spreads on it. only 789 000 shares of volume.

The news was not great yesterday, so I don't know, but the 200 moving average is at 501, so 501 could be a good spot for a bounce. I could see what it does around 500. It's a possibility. All right.

So that's the game plan here. With about two and a half minutes to the bell, put up my disclaimer again for those on Facebook and Youtube as a reminder that day trading is risky. Most beginner traders lose money. Even experienced traders like me sometimes lose money.

and my results are not typical, so I encourage you to trade in a simulator before you put real money on the line. Do not try to blindly follow me or anyone else. And as a reminder, the morning show will end at the end of this week. As I go into uh, kind of summer schedule traveling and things like that, we'll still be streaming in the chat room but not streaming on Youtube so I hope you guys have a great rest of the day.

Hope to see some of you guys in our workshop at 1pm today the replay of the one that I taught earlier this year and I'll see you guys first thing tomorrow morning for Thankful Thursday and we'll see maybe if we have some better opportunities on Thankful Thursday. All right, See you.