All right. So we're going to go ahead and get started here. I'm going to break down my trades from the day Bwv this was a Gap and Go. This was straight off the scanners.

This was the the trade that I did the best on today. So finishing at 5287.47 which which puts me about 200 over my daily goal, Not bad. It's about noon time now. I don't really expect to take any more trades today.

I'm pretty happy with hitting the daily goal, especially since it was a little. It was a little tricky getting started. So this morning of course, pretty much as always, um, found the trades right off the scanners. So for those not familiar the software, I'm using Daytrade Dash.

So this is your Daytrade dashboard where you can log in. You've got your scans. Top Gappers High Day Momentum Recent ipo Movers: this is one that's in beta testing. I'm working on that.

Top Gainers This one is, uh, running. You could do symbol lookup if you want to look up a specific symbol and do some research on it. But uh, in any case, for those that are already out there who are experienced traders who don't want to go through the curriculum at Warrior Trading but want access to the same software that I'm using, you could check out Daytrade Dash. There's a 30 off coupon code for those that want to go through the Warrior Pro curriculum that want to go through the class.

There's a 40 off coupon code right now for Dog Days of Summer sale. All right. So Warrior Pro includes access to the Warrior Starter 15 chapter here. Warrior Pro Small Cap Course taught by me.

This is strategy Development Large Cap, Day Trading course taught by Mike. that's for day trading, Large Caps, Active Investor course top by Mike Options and Swing Trading taught by me and Mike Trader Rehab taught by me and Ted. Had a day trading a Roth Ira taught by me, Algo Scalping Strategy taught by me and then Trading Psychology taught by Ted. Live Trading Archives These are the live trading archives where you can re-watch me trading on some of the best and worst days of my career.

You can play it back. So anyways, uh, so that's what's going on right now and reminders always. I'm going to talk a little bit about my performance today, but that's not for you to assume that that's a typical result. For those watching the recap, there is no guarantee you'll find success, so make sure you take it slow.

And for Warrior members tuned in, or for Dash members, you're welcome if you'd like to use coupon codes to renew your membership. We've got alumni discount rates for renewals. All right. So Bwv So I started this morning.

Uh, first trade was on Lsf. That was the trade I broke the ice on and it actually was just hitting the scanner a moment ago. Popped up here. so this one Algospike right here it goes from 230 up to 297..

I jumped in as it was spiking. I then realized the news was that they received an unsolicited buyout offer at three dollars a share. So that kind of determines its value. and I didn't really.

I think much more of it beyond that, so got out with a 47 winner. The next trade that I took um was on. I actually think the next trade was on Bwv. My first trade on it was an Algo spike and I got in it at 350.

It hits a high of 367 and I made about 160 on it with 2 000 shares, so it was not a big winner. Basically, the Algo scalping strategy is when a stock is popping up like this. I jump in usually near half dollars in whole dollars and try to ride the momentum. I don't always know how high they're gonna go, I don't always know what the news catalyst is yet, but it's moving quickly and I want to jump on fast.

In this case, I hit 67, it pulled back down to three and then it popped up here. I didn't take this trade high red volume rejection, but I did take another trade on it. Uh, let's see. I think I might have had a trade somewhere in here pre-market and then we had a trade.

Oh no. actually I think the trade that I took pre-market was uh, right around here and then at the open which was a false breakout. Look at this rip. This thing ripped through 364 and went all the way up to 450..

I mean, it was really impressive. We struggled a little bit at 450, we got to move up to 479. It came back up here, had this sort of double top formation at 450 and another nice trade on the break of the half dollar at 450 for a pop up to 495 and then up to 5 17.. So that was A.

That was a pretty solid one. Um, I can dial this in a little bit more on the one-minute chart. Bwv is the one that I traded the most, so we'll talk about this one a little bit more. But first, let's look at.

um, the other two I traded. Meg L. took a trade on this and lost 68 bucks. That was pre-market Uh, it started to pop up a little bit.

I think it was right here on this candle right around 9am, breaking the volume weight. average price hit 1590 but wasn't able to squeeze through. Um, 16.. So that one ended up um, being down 68 bucks on.

And you know what I said before I even traded it, I was like, you know, I'm not sure I like it because it's it's already done. The Dead Cat bounce. That's the bounce off the low from yester from two days ago. it went from eight dollars to twenty five dollars a share.

That's three hundred percent. Now it went up three hundred percent. Now it's pulled back and so it's a little bit of a bounce off the pullback, but I don't know if it's reasonable to expect a lot. Having said that, I did still take a trade, but the loss on it was was pretty small.

Um, and this and the share size was also small. So managing my risk. Um, so a question there about can I show uh, how much money I'm using in each trade So I can, but not on each trade. And the only reason is because I take so many trades.

I have so many that were like a quick dip and then back out. So for instance, um, I have a dip trade here on um, one of the last trades so bought at Uh 480 sold at 488. So that was a quick dip trade, right? So eight cents in and out quick dip trade Short trade here was in with 2 000 shares at 490 out at 508 Here was in at 458 out at 5 485.. So these are 2 000 share trades, which means the total amount of money on a 4.50 trade or stock is 9 000, right? A thousand shares would be 4 500.

So relatively small positions and just taking these quick scallops. getting in, getting out, getting in, getting out, just trading the range. There were a couple of trades where I sized up max position 9 000 shares today. Uh, so on.

and that was on Bwv. So that's like a 40 000 share position 40 sorry 40 000 position so that was the biggest one today. But uh, you know, for what it's worth, I do have the ability to use leverage on this stock so I would have needed. I mean, if I used just cash, I would have needed both with settlement margin at least 45 000 to take every trade I took today.

But using leverage, I probably could have taken just about every trade I took today with an account with just like 25 000 bucks in it, a regular Pdt account. So you know, I'm not really using a lot of money for these trades all things considered. But uh, I do have more in my account, but I'm not really using that much of it for these trades. And we're also in a market right now where I'm not really feeling super super interested in taking huge size like 20, 30, 40, 000, 50, 000 shares I have at various times in the last couple years, but right now I haven't felt comfortable sizing up that much.

So anyways, Meg L. Small Loss Inkt. So this one, um, halts up at about 370 right here. 375.

it opens and I saw it at four and it hesitated for a moment. I almost punched it, but I didn't. It goes to 431 and halts up. Could have gotten 30 cents there on the dip and Rip didn't get it, It then dips back down here and I bought the dip on it thinking we would curl back up through the high.

We hit 420 but it didn't go through 432. The high a day. Stopped out with 133 loss. nothing big, no big deal and then bcab this one I traded earlier.

it was a continuation setup. uh was strong yesterday and as it broke through 1220 I jumped in there about 1260. It hit a high of 1321 but then it reversed and I took a 233 loss on that one. So now let's go back to Bwv.

All right. So Bwv it's right now up 87. Uh, you know this has been really strong today, but it is kind of funny because it started a little choppy. We first had this pop here and I bought uh 2 000 shares at 350..

So I got in at the top at that half dollar breakout spot and it squeezed up to 367 and I sold it at 3 58. I guess it was or something like that just underneath this level it started to come back down and I was like you know what I'm getting out. I got out and that was the right move. It dipped down to 20, hit a low of 15 pops up to 44.

I didn't do dips on it because I just didn't really like my first trade and I kind of took it off my radar like through this area because I saw this big red candle. High volume rejection came back up here to 333. I thought nah I don't know. interesting but not really sure and then when it broke right here I was like okay, all right I'll take a trade and so I got in here for the break of 350 and we did get a squeeze up to 358.

That's only eight cents a share. It's really not a very big move and so I sort of started feeling a little bit like this thing is a little difficult. We did get a first one minute candle to make a new high, a false breakout 300 000 share volume red candle it sells off coming into the open, it pops back up here to 62. the bell rings and this thing just rips.

It just goes straight to 75.85 and it's printing 391 and I'm like okay wow this thing is is really moving and so I jumped in on this micro pullback. uh right here at 390. let's see, let me look at my orders. Um so I added on this at the open.

Um so at actually it's at 375 and then I added it 383 and I added it 410 and 419.. I then took 5 000 shares off the table at 423. I added back 2000 at 436, I sold them at 458. I added back 3000 at 4, 26 and 38 on a dip.

I I sold those at 351 and now I'm just actively trading as it's moving higher. So this you know again, different traders are going to have different approaches on this some will buy and hold. I did another dip at 416, added 423 and 33, took profit at 434 on 7 000 shares added back at 446, sold it for uh, 51. Small winner.

So just trading the range. Um, and we ended up having some some really good opportunities on it. It sold off here back to four and I sort of thought oh I guess that's probably done And then right here on this candle I was like okay, I'm going back in for the break of 450 break of the half dollar and we had this little wall here at 450. So for those who were trading this, it was like there was a wall there at 450 20 000 shares It popped up, it tapped it once it couldn't break, came up again and I'll show you on the 10 second chart so you can kind of see inside that one minute candle a little bit better.

So the one minute candle was at 4 50. Um, this was around 10 10 a.m so you could see right here. Uh, we came up and we tapped it once. Well first we came up here to 47 which was darn close to 450..

we pulled back, then we came up again to 450. Drop down came up a third time, hit it twice there, came back up a fourth time here. So you know one, two, three, four, five, six seven. then it breaks to 64.

it pulls back for a second down to 46 and this is really the moment of truth because what's very common with these types of trades is that you get the the break over and if it rejects you get that flush. you can get that big drop. In this case, it broke over, it dipped, and then as it broke through 65, this was the spot to be adding. For the move up to five, we got to pop here to 495, a micro pullback, and then a break up to 517 and then it didn't hold over 517 and it pulled back a bit more so.

Now as we look at it, you know, son of a gun, this thing's coming back to this level. Back up to 5 17. Darn close, so I'm impressed. It's had some really good staying power now.

it's up a hundred percent on the day, so we just hit 100 on the day. You know while I'm doing this recap. So your last little trade there, you could have taken that for the break of five right there. Now you've got new highs up to 540.

nice move there. 63 million shares of volume. This is looking like it might be a a little tricky because a little topping tail there uh up to 40 but then dipped down here to 16 and then popped up to 51. and now there's 55.

There's 58. So we just broke over the half dollar and we're back below it at 46 44.. if it breaks 40, then that's the reversal and you create that topping tail candle because it pierces that level, it can't hold above it and then it comes back down. So the high of this one is 58 that forms a bit of a topping tail you know you can see on a 10 second chart.

It's a little pullback, but you know the fact is on the one minute you're getting extended. the good news is you've got some pretty good volume coming into it. but you're five minute. You've got three green candles in a row, so we're definitely we're definitely pretty extended.

On the daily chart, you want to start to look at where you know, where do we have possible resistance? Or you know, some issues like that. We've got a bit of a double top there at 7. 30 from these two candles and we had a little bit of resistance here. A double top at about 466 467..

So if it can hold over 465 466, if it can get up to six, then you've got a pretty clean window up to 730. But you know it's to be determined whether or not it can actually hold over that level. You can see, this is, um, a false breakout there. Back up to a Double Top rejects and flushes a solid 50 cents a share.

You know, from 560 down to 503 that's in a 10 second candle. That's a big dip. So this feels like the top right here. kind of the way it did back here when we got through five.

So I think that this is, probably, um, the top. For the time being, you've got about two minutes left on this five minute candle. It does look like it's got topping tail, so that's gonna need to sort of set set up a whole new pattern. It's just when it gets extended like this.

This is where you have quite a bit more risk. now. on the one hand, when the markets are strong, what you'll see are dips like this. Even though they're kind of big, they get bought up.

It rallies back through 550 560 and next thing you know, it's searching up to 575 and six dollars. It's just super super strong. I don't know if it's really reasonable to expect that it is already up a hundred percent. It's lunch time right now.

A lot of traders have already called it quits, so you know a lot of big money is. um, is not trading this move, you know. And that's why the total volume is lower than what you had earlier, right? Highest volume was at the open when you still had a lot of traders watching and try to capitalize on that opportunity, so volume often decreases throughout the day. Going into the afternoon, we do sometimes see a stock that sort of rises up, is still showing some good strength and gives afternoon momentum.

You may have it today. Um, it certainly is seeming possible on Bwv right now, but at the same time it is important to know when to throw in the towel, when to call it quits, and when to say you know it's a good green day. So today I got my daily goal and it was a little bit of a struggle because the first like four or five trades going into the open, I was only up like 50. I want to say so I had no profit from pre-market Basically all the profit was Bwv at the open on this candle.

And then as we squeezed up here to 517 and I stopped at 10 a.m so I didn't trade the last two hours, this action here didn't trade it. while maybe I'm sure many people did and you certainly could have traded that break there to 475. I didn't trade it. and then during the recap here, I haven't traded it.

So um, you know again, you've got the high there 560. if it breaks through that level, that's where you're seeing. The dips are getting bought up. We do have some good strength on it and then what you're getting is a little bit of a divergence because the five minute pattern does look extended and a lot of people would probably hesitate and therefore maybe feel more confident to the short side.

But if this thing breaks 550 555 then you might have shorts covering thinking uh oh, if this squeezes through 560, it's gonna pop to 575 As other shorts cover, I better just unwind it so it's important to watch levels around 550 in this case for a possible divergence and then a little bit of a short squeeze up towards six. but I'm just not sure that you're going to get really clean action and a move like to 7 30 which is the top of this resistance window. Uh, at this time of day, given it's already fairly extended, I think that bigger money is probably going to be still sitting on the sidelines on it. But uh, I guess you know we'll see.

Time will tell. So in any case, I'm trying to remind myself that 5000 is more than enough. That's a good green day and I don't want to risk it and therefore give back gains. I want to keep the profit in my pocket and live to trade another day.

So this is another green day. I'm on a nice stretch here and I think I let's see, I'll pull up my trader view metrics here. so I'm sitting on the month. um let's see about 120 000 in gross profit not including today and this has been my my month.

of August so far, right? So can't really complain about that. Locking up another green day today. it's been a good week. It's been a good month and I hope that we see more.

but you know if things get choppy or you start overstaying your welcome, it doesn't take much to fo mo long. Something like this at 5 50 thinking it's gonna break this just went to 555 and then rejected to 5.25 So although I thought a break of 555 would probably send it through highs, I was wrong. So you know you're not always going to be right. You might have a strong bias, but it's very easy to take a quick loss.

and if you mismanage risk at the wrong time of day, you might not have much of a chance to make back those losses. And then you've got no choice but to book a red day. So trying to manage risk, keep it tight and um, lock up green days. So leaving money on the table, but walking away with profit? another 5 000 today.

Let's keep the green stretch going and I'll be back at it first thing tomorrow morning. Reminders: Always Trading is risky. My results are not typical, so remember there's no guarantee for success. Take it slow and for those that watch this on the recap, I'll put a link to a couple other episodes that I think you might enjoy that are recent uploads here and here.

So check those out, those out and I'll see you back here first thing tomorrow morning for the morning show. You.