All right everyone, good morning. So uh, I'm gonna do my recap here of the trades from this morning. I only traded one stock which was ear uh, Eargo Incorporated and I finished in the green which is good. So this week, uh, I had a good day on Monday, a slow day Tuesday, a good day Wednesday, and now a good day on Thursday.

So tomorrow, last day of the week, I'd like to try to finish it with one more decent day. My focus each day this week sitting down has been trying to be as much as I can in the mindset of Trader Rehab, small account challenge, one trade a day, and trying to really exercise that discipline to stay within the confines of my strategy. This is the time of the year to be going out on a limb, taking yolo super aggressive risky trades. Right now it's about keeping your head down, building a cushion, being consistent as much as possible.

It's the beginning of the new year So uh, we've been this week doing a guided meditation at 7 30 a.m for pro students. I hope you guys have been enjoying that. Um, let me know if you have. I know a lot have been a number have been tuning in but would be curious to hear your thoughts on it and whether or not you think we should do it again next week.

Has it been helpful this week? Should we do it next week? You tell me. So uh, that's been uh, the beginning of the morning at 7 30 and then of course. well you know, market opens at 4am pre-market but I'm not trading at four in the morning. Uh, I sat down to focus on trading around 8 15 this morning and we had some, uh, some news that came out a couple different stocks.

So the first one actually was M: what was it? Uh, uln, M-u-l-n Uh, this one popped up. Uh, there was some news on and by the way, for those tuning in on Youtube, I want to remind you in case you already know, that trading is risky and my results are not typical. The typical experience of a beginner trader is that they'll lose money. so you should assume you'll lose.

And with that assumption in mind, trading a simulator before you put real money on the line. We we all hear the story that most traders lose money. There's a a survey research type of survey that's on the footer of our website that showed a study of over 3.5 billion trades. Only three percent of traders were predictably profitable in that survey.

So be mindful that that's um, you know the reality of trying to be a trader. so I don't want you to think there's any assumption that you'll find success. Um, even if you, uh, become a student, you, your likelihood of success or failure isn't any different than a typical uh trader. It's just how trading is.

It's risky. So um, so I just wanted to say that before we get into the recap, I share my results with you because it's important that you know the person you're learning from is qualified. And today I I had a decent day. So uh, let's see, and yes, uh, not doing the morning show right now, focusing on the new students who are members of Warrior Trading as a Warrior Pro students and I'll be, uh, continuing that focus here for the the next week ahead and probably in fact, the full month of January.

So just getting um recaps uploaded to Youtube, but not doing the morning show right now while I focus on getting this year off to a really good start, especially with students. Okay, so anyways, M-u-l-n Uh, this one. We got squeezed from 520 up to 680 and you actually got a 10-second micro pullback at about 6 15.. I watched it, I saw it, I didn't take it.

Um, I it was at 6 10. Actually, it was right there at 6 10. And I saw people you know saying they they blocked up profit on it and it's like ah man, I guess I missed that one. I just wasn't I just wasn't totally sure.

uh, it was moving, but I don't know. I guess not quite enough for me to jump on it. And then by the time it was, I felt like I'd be chasing it. So I maintained the discipline to wait on that one.

and I think part of it also has been uh, you know this kind of focus on of having that first trade be like the best trade of the day. you know in keeping with one trade a day kind of small count challenge and I felt like that one was a little too risky. If I wasn't in that mindset, I might have jumped on it. But anyways, so no trades on that and then ear started popping up and initially I sort of thought, well, what just happened on Muln is that that popped up and then rolled over.

So I don't know this one, I might do the same. So it pops up to a high here of 592. it pulls back and then it curls up and it breaks through 592. it goes up to a high of 620 micro pullback at 620, then it goes to 664.

micro pullback is 664, Then it goes to 7 all the way up here to 7. and then it pulls back. So and of course we did get a move higher. but then it pulls back for a moment and then goes up to uh, you know, 850.

Almost nine dollars. So the first trade that I took on this one, the first really good setup was 664 right here. That was the first good setup, excuse me so that was right there. Uh, but that happened very quickly and the volume was still light so I waited.

Let's see so there was an opportunity there from 664 up to seven. and then uh, for me in my big account bought at about 705. so it came up to seven. Whatever this was, it came back down to seven and it held support.

It held that psychological support of seven dollars. And so I got in there with a stop just under seven. And here we got a pop up to 747. That's the 10 cents a day.

That was the profit. And I got uh, about three thousand dollars. I think it was three thousand dollars on that first trade. so that was a good start.

Uh, then we got another pullback. here. it dipped below seven and I started buying up these dips below seven. And then when it would come back up to seven twenty, I would take profit.

Seven, ten, seven, seven twenty. And then here we got this nice breakout. Uh, I sold at seven and then it breaks out right here. So I got back in as it broke through the high which I was a little annoyed about and as a result I couldn't take my full position size because I was chasing it.

But I got in for a high day break at 750, added 765, 770 and then we got that nice squeeze up to eight. I I sized up on it a little too heavy, we got to move all the way to 829. but I kept adding thinking that this was finally going parabolic. Maybe we'd see a move to 850 or nine.

So my average because I started with small size, I got my average all the way up to 780, took some profit, then added back at eight, my average was like 7.95 and then it dropped here to 797 and I was like, you know what, forget it, I'm going to cut it so that right there was my biggest position of the day and I actually didn't make that much on it, which is kind of disappointing. Then I got a little bit more aggressive on these ones of just taking the profit, getting in 15 000 share dip trade off of eight, psychological support, taking the fifteen hundred two thousand dollars off the table. Uh, we got a re-test to the high, a new high here at Eight Twenty Five and then this was a good trade for me. I sized up well on that one.

the break of Eight Twenty five 830 for a squeeze up to 860. micro pullback at 866. a squeeze up to 884 and then a pullback. So that was where I made the most.

Uh, And then we got a bit of a more sustained pullback and I'll switch to the one-minute chart. It did try to curl back up, Uh, right here on this candle. It tried twice. It tried right here on this candle and it tried again on this candle and both times ended up being topping tails and rejecting.

I held a position into the open for a squeeze back through 8.50 looking for the break of 870 and if we had broken 870, I was looking for a quick rip up to the pre-market hive 84. a squeeze over nine, maybe into a halt. didn't happen. Stopped out, gave back maybe a thousand bucks.

Maybe it was two thousand. Um, it took a dip trade off of eight the V web and got a nice pop there. got myself back to up, uh to where I'm at now 21 and then when it broke eight I was like all right, that's that. So now it it was, then below V it tried to get above it, failed there came back up to it right here.

dramatically failed right there. came back up here, failed, came back up here, failed. It has not been able to get back over the volume, weight, average price. So with that I am shutting it down.

right above my daily goal which is 20 000. Keeping this in perspective that I've been trading for a very long time and my daily goal when I started. typical for many traders 100, 200 and then you know, once I started hitting 500 consistently, I moved it up to 700 a thousand. Once I started doing that consistently, I moved the goal up to 2000.

Once I started hitting that consistently, I moved it up again and then the court. Excuse me in 2020 we had just a unbelievable market and uh, I was just exceeding the goal like every day and so at that point I moved the goal all the way up to 20 000. And now I've been at that goal for like a year and a half and um, I keep coming to it. You know, on on these types of days.

So I think that uh, this is probably a good goal still for me and not really time. I mean I could move it a little higher, but seems like this is a good spot. You know. The fact is, and like on Tuesday I finished up around I think it was five or six thousand.

Um, you know there really just wasn't a lot moving and there I wasn't going to hit the goal. I just kind of knew that it wasn't going to happen and there was no reason to get bent out of shape to try to hit the goal. I just knew that it wasn't going to happen. So I have to be okay and just let it go that some days it's not gonna happen, but then on other days you know.

had this opened up a little bit more through nine, up to nine, twenty Nine fifty. You know this could have been a day where I doubled the daily goal. Uh, but what's most important is keeping the losses small. Really, that's more important.

Well, keeping the losses small is very important and last year I wasn't good at that. Last year, my average red days were more than twice what they were the previous year. 12 000 average red days in 2020? Uh, 30 000 average red days in 2021. So that wasn't great and I'm not super happy about that.

So one of my goals for this year is to try to tighten up my red days to make those red days a bit smaller. And I think if I could do that, I'll have a better year, even if I, um, don't necessarily make more on my winners. If I could just lose a little less on the losers, my end of the year could be better. Um, so you know there's that And then um, yeah.

I mean, and at the same time. Um, I had a lot of days last year where I would hit my daily goal like I just hit it today and then I would finish the day flat or finish the day down five thousand. Or maybe up only five thousand because I would give back profit. and I'm sure that'll happen this year too.

I'm sure there'll be days where that happens, but if I can be a little bit more mindful about the current state of the market and you know, the current state of me as a trader. Each day when I start to see the P L slipping, or when I start to feel like I'm really kind of hitting my head against a wall and grinding, I want to try to get better at easing off the throttle before I start to spin out and that those are all very subtle changes to strategy. But subtle changes like that can lead to significant, um, you know, increases in profitability or decreases in profitability depending on you know which way you're going with it. So that's something that I have on my mind.

Um, for this year and I am going to do 2021 Trade 2021 year in review. I haven't done it yet, but I will do that as a Youtube video for those on Youtube by the way. So today at 1pm Eastern. so in about two hours, two and a half hours, I'm hosting a free workshop which is going to be uh, teaching you my small account.

uh, strategy. So it's not, um, just to clarify, I'm gonna teach chapter 16 from, uh, the Warrior Pro Curriculum. And that chapter is, um, the Small Account Chapter. So let's see, I'll just put this down here.

So this is what I'm going to be teaching. Um, Today Chapter 16 Small Account Challenge: The first 30 days with a small account Warrior Pro students. you already have access to this because it's part of the Learning Management software. It's chapter 16.

But I had talked about doing a small Account challenge in the New Year and I wanted uh, to cross a million subscribers before we did it. but that didn't happen. So what I'm doing for right now is teaching this small account challenge. uh, lesson for you guys.

So I hope you guys enjoy that and uh, I will do a. My plan right now will be to do a small account challenge. Uh, once we do cross a million subscribers. but uh, you know we'll see what the market's like at that time as well.

We'll just we'll We'll take it one day at a time. At this point right now it's the beginning of the year. It's important for me to build a cushion on the year, so I'm just going to stay focused on that for the time being. But uh, for those that haven't already registered, I encourage you those on Youtube to register to the workshop.

I think you'll get a lot out of it. I think you'll really enjoy it. I've been working on getting this organized for you and I'm going to tell you some some interesting anecdotes and stories and sort of key defining moments in my life that have gotten me to where I'm at today. So uh yeah, so that's going to be at 1 Pm Eastern today.

so in just a couple hours, uh, that'll be happening and then tomorrow morning as always we'll be sitting down here you know, around 8 a.m and we'll um, we'll see if we find some good opportunities. All right, So I hope you guys have a great rest of the day. Take it slow if you're still trading. It definitely seems like things have slowed down a little bit for the time being, but maybe things will pick up.

I don't know later in the morning or in the afternoon I'm not really sure but when the leading gapper is choppy which is the case uh today on ear that it's pulled back, that can set the tone for the rest of the day. So I want to be disciplined about booking the profit and coming back and doing it again tomorrow. So that's the game plan. Uh, but I'll see um, those on Youtube who join the the workshop at 1pm and hopefully we have a good class there and you guys learn a lot.

All right, That's it for me. I'll see you all first thing tomorrow morning. You.