What's up everybody? All right? So back in California Yesterday was a travel day so as you guys know, yesterday started the morning with a couple of good trades made around 4000 bucks and then had to pack up and get ready to make my way back to the California office. So I come out here as often as I can. Last time I was here was October November something like that. So back here in January and yesterday you know I Drive down to the airport.

it's like kind of snowing when I leave it's really gray I fly out of Connecticut so drive about an hour down to Connecticut get to the airport you know I'm there early so try to get some work done yesterday. Got my midday market recap uploaded from the airport and I actually got a lot of work done on the airplane which is awesome I Love being able to be productive while I'm traveling. but I couldn't help but spend some of the time thinking about how I missed that great opportunity yesterday. so you know is that same kind of thing.

I was talking about that frustration of wanting to you know, not be too aggressive because I didn't want to spend the whole plane ride thinking about how I just lost. you know, $4,000 But then even though I made $4,000 I spent the plane ride asking myself why I wasn't more aggressive and why I missed that one opportunity. so you know that's the thing you sometimes just can never win. And I think we are all our own worst enemies.

sometimes when it comes to critiquing ourselves and wanting to always do better, do better. But you know what? by putting that care out just a little further every single time, it keeps me, you know, hungry and motivated to try to be a better trader. So about halfway into the flight yesterday hey, you know, 30,000 feet or whatever I looked down and I sort of realized we're really high up. and for some reason that was the moment that I decided to be a little afraid of height and I thought to myself, yeah, you're high up, you're an airplane.

but that's okay. And also this is the worst time to be thinking about a fear of heights. This is absurd. You're in an airplane.

You need to stop thinking about that. And so I spent the next hour so trying to not think about being really high up and being afraid of heights. It wasn't the best flight that I've ever had I'm not the best flier and yesterday was not my most impressive display, but fortunately I made it I'm here in California Traded this morning. had a great day I'm ready to get settled in and hopefully have a really good week ahead of us up early this morning 5:30 a.m.

and you know I got settled into the office and one of the things that I was very mindful of before I started trading was that I was feeling a little tired I was feeling a little frustrated I was feeling tired because someone slept a few hours I was feeling frustrated because when I set up my traveling trading station, nothing worked. my screen share wasn't working, my YouTube feed wasn't working Facebook wasn't working, nothing was working right. and it wasn't until like 9:25 that I finally got things sort of up and running and it was only sort of so I really didn't feel super prepared for the bell to ring and I ended up taking a trade right out of the gates being a little too aggressive on it and you know I got myself into the red and fortunately I was able to get out of the red into the green, finish the day up 1100 bucks and you know with that I'm like, okay I'm done I'm not gonna push my luck today. I'm gonna be happy with green I'm gonna take the temperature of the market, recognize that it's a little choppy.

recognize that I'm a little tired. Come back tomorrow, hopefully feeling refreshed and hopefully we'll see some better opportunities. You know, typically we see the best opportunities early in the week. Monday Tuesday Wednesday And the reason is because a lot of companies they want to put out there PRS their press releases early in the week because it gives investors and traders time to see it and buy up the stock.

So putting out news on Thursday or Friday Oftentimes the news that comes out at the end of the week is bad news. so it's sort of hoping that investors over the long weekend or over the weekend whatever sort of like, oh you know, I guess maybe it's not that bad and by Monday it's kind of, you know, been brushed over. So that's one of the reasons we see really good opportunities early in the week. and you know Thursday Friday It's hit or miss.

Sometimes there's great setups and other times it's just slow. So anyways, that's you know kind of where I'm at right now and you know, just excited to be back in. California Even though it's not hot up here in Northern California it's definitely warmer than New England So I'm gonna enjoy some relatively warmer weather. And anyways, let's get into breaking down today's midday market recap and I'll go over all the trades that took this morning.

Alright everybody, so we're gonna break down our midday market recap here back in California and getting settled in. You guys can see them a little. my little office here and I'm you guys in the chat room can see the video in the bottom corner Facebook you guys can see the bum corner - this is sort of a mismatch Mitch I Don't know the right way to say that, but it's a mismatch michmash of computers all in front of me. I Put together my traveling trading station but then when I sat down here I realized that I actually had a I've left a trading station here that's pretty much all set up so give you guys a quick little.

So I've got my main trading computer right here, my broker and my level twos chatroom over on the side. I've got my one USB monitor here which is leaning up against a real monitor. but the thing is the real monitor. you know it's not synced up with my computer.

it's I would have had to install the drivers and stuff like that so this is just leaning up against a real monitor. USB This USB monitor is also leaning up against a real monitor which is very silly. Then here's my other computer and then this is the computer over here running Facebook and actually running the screen. share.

and then back behind this monitor is my little mini monitor which is leaning on its side because I didn't have time to put it upright. but this is. you know, it doesn't really matter, You got? You know, everything you need doesn't have to be totally perfect. That's enough to make 1136 dollars and nine cents in the first 10 minutes of the day.

So Green is good and I'm happy with that. So I'm working here in my office in California for three days and then I'm gonna be in hotels kind of driving around and exploring. So if I was gonna be here in this office for two weeks, I just go ahead and set up the U.s. the HDMIs and you know, really get it up and running the way.

I like it. but for right now I'm just keeping it like this. So this computer is actually on top of another computer. so I've got four laptops all right here.

This little mini key bat keypad is not working I have one at home but I press these buttons to stream on YouTube Facebook Chat room and stuff like that so you guys should see me going through TSA cuz it's like laptop number one, Laptop number two, Laptop number three USB Monitor number one USB Monitor number two Power cord one two and three that little teeny HDMI back there it's exhausting is what it is. but anyways, so got settled in here. Flew last night and this morning you know I I once again I asked myself kind of early in the day what's my you know mental state and my mental state was I'm tired I'm a little bit crabby because you know I tried to plug everything in and monitors weren't working. screen share wasn't working I wasn't able to do my YouTube watch list this morning cuz YouTube wasn't streaming so it was just nothing was working.

and next thing I knew it was 9:25 and we're five minutes away from the Bell So I just kind of quickly broke down the watch list you know, looking at the Gap scanners which is the same as what I do any other day I just look at the Gap scanner and the two leading Gabor's were sort of the ones I honed in on. that was a H sorry AM RH this one I jumped into and I'll move my broker screen over here for you guys to see. Actually, why is it being stubborn? It's not letting see. It's not letting me drag it there.

We come on. Well, whatever. I guess we're only getting it to here. So first trade was on AM RH and this was annoying because I trying to I'm gonna have to drag this from the other monitor for some reason I'm not able to do that norm though normal way.

So anyways I'll just drag it here. So oh, come on, this is crazy. It's not letting me put it over there. Alright, hold on, let me just scroll this up to the top and I'll just hold it there so you guys can see.

All right? So my first order on AMR H was to buy three thousand shares at 10:02 Now that would have been an awesome entry. I Then tried to buy at eleven because I didn't get filled at ten, didn't get filled and ended up buying it at 1290. So I bought it at 1290. This was after the first halt.

you know what happened. It dropped about $3 per share. It dropped from 1290 all the way down in the bottom of this candle to 1036. I was down over $4,000 and I say you know what? I'm just gonna wait for the first candle to make a new high.

First candle made made a new high right here I Sold on the ask at 13 29, 1349 and sold the rest on the bid at 1250. Ended up turning a $4,500 loss into a four thousand sorry four hundred and fifty three dollar winner. So I'm glad I didn't panic. but I am a little disappointed myself that I kind of gave in to Fomo and bought it as high as I did.

Now the reason I bought it there is because I usually buy the first candle to break over the high of the hall. so we got halted. Whatever were $13 it opened lower and is it squeezed up? I'm usually a buyer at 13 Target is to sell. potentially.

After this second circuit breaker home, it squeezed up to a high of 1350 you know? but it didn't It just wasn't as clean as I thought it would be. so the setup made sense. It just dropped a lot more than I expected. It had that big pullback so well disappointing there, but you know.

Ended up getting myself into the green on it and the second trade of the day was TN DM which I took off the high momentum scanners long at 3 dollars and 80 cents. anticipating a test of four dollars look, we tapped 398 and then dropped all the way back down to 350. So only six hundred eighty-two dollars on that. And so that puts me up 1030.

One thousand, One hundred and Thirty-six dollars on the day. You know, as you guys can see down here and Green is good, this obviously hurts my daily average, which had been, you know, well, let's see. my daily average before today was four thousand Nine hundred dollars a day. But today being day seven, it goes all the way down to four thousand three hundred dollars a day.

which if you ask me, is simply pathetic. Five thousand dollars a day? That's the goal. I'm just kidding. A thousand dollars a day is good.

Sixteen hundred dollars Today was my average for all 2017. So if I can average two thousand dollars a day, twenty two hundred dollars a day. I'm gonna be very happy with that because look, two thousand dollars a day times 250 trading days. I'm looking at a half a million dollars of profit and that would be an improvement over 2017.

That's what I want to do. Compare myself to myself, be a better trader than I was last year and I would say so far this year I'm pretty happy with the way I'm trading. My average winners are eighteen cents per share my average losers Wow No, that's not that pretty. My average losers are actually 34 cents per share.

and that's because on the first day, I had two really big losses. So yeah, if I exclude the first day, I have a one-to-one ratio. but you know I had a day last week where I was up nine thousand dollars on the day, I lost nine thousand and then had to, you know, work my way back up to nine thousand. and so I made eighteen thousand dollars of profit that day and I lost nine thousand and losses finished with a net profit of nine grand.

but it is very choppy. so I guess this this year has been a little on the choppy side by it's easy to look back at it fondly when you're sitting up. You know, over thirty thousand dollars on the month and it's only seven days into the month. So seven trading days.

So anyways, my account right now is at $365,000 so we're 36 percent of the way to the million Dollar challenge. Million dollar goal, you know? Hopefully if I have some really good trading, we'll get there by the end of this year. If things slow down a little bit, we'll get there in 2019. But $583 Two million dollars? It is possible.

At this point, it's not a matter of if I'll make a million, it's just a matter of when because all I have to do is keep trade and keep doing my thing. So it's just a question of how long it'll take. You know? well, it'd take me two years. Or will it take me? You know, two and a half years or three years.

But you know, in contrast to a lot of those guys out there that try to kind of market that you'll make a million dollars. you know, your first year at trading I Don't you know believe that? That's realistic. But I do believe it's realistic to become very, very successful and potentially make millions of dollars trading the market over the course of a couple of years. So anyways, that's about it for me.

today. only two trades, two to go over a slow day. Now there were a couple of opportunities that popped up mid morning and I passed on them because I felt that I did not have a good enough profit cushion on the day to be aggressive. So I give myself a pat on the back for that because on another day you know where I might have felt a little more.

FOMO I would have kept trading and what I would have done is I would have risked giving back my daily goal of $1,000 cuz $1,000 is you know, Really solid day and I say my daily goal is $1,000 because I consistently exceed that $1600 a day average in 2017. I Could probably say at this point my daily goal is 1500 or my daily goal is 2,000 but then I'm gonna have days like today where I'm below the daily goal and what would the smart thing for me to do today have been should I have kept trading even though I was up only a thousand and I had a really close call or should I have said whoa, that was a close call. Markets a little choppy today. I'm gonna step back and maybe tomorrow will be better.

and I think the second is the better choice. You know when when things are a little choppy I think it's better just to sort of step back, slow down and so I'm I'm glad that I did that today. Fernando Yeah you you're thinking step back as the right move so is. David I Think that's the right move I Think you put the pedal to the metal when you know things are hot and you seek shelter from the storm when things are choppy.

So let's bring it back to the Deadliest Catch analogy those guys on The Deadliest Catch One of my favorite reality TV shows they during really bad weather they'll often try to kind of take shelter. They'll either go into port and just park in the harbor or whatever you'd call it anchor up in the harbor or they'll sometimes anchor behind the the big sort of islands sort of protected from the wind. and there are some guys who will try to fish through the really bad weather. and what often you see happens is they you know they have equipment failures.

They risk injury of the crew. Its wear and tear at the end of the day. They're not as productive because the weather is so you know it's just so high that they can't. You know they can't catch a lot of crab.

Their hourly rates are just really low. so you know in contrast, when they've got really good you know weather conditions, you'll see them just pebbles to the metal. They'll do like a 40-hour streak. I mean they'll just keep going and going and going to try to really take advantage of that good weather.

And so we're trading when we have hot trading. I try to really take advantage by being more aggressive. you know, putting the pedal to the metal trading a bigger size. trying to capitalize on the opportunity because I know there will be bad weather ahead I Don't know if it's a day from now, a week from now or a month from now, but I know there will be a point where the smart thing to do is to seek shelter from the storm and to not trade because if I go out there and try to fight this bad weather this choppy market I'm gonna I'm gonna lose money.

It's gonna cost me. So right now at the beginning of the year is definitely about building the cushion. especially just statistically. January February March in April build the cushion because June July and August sometimes are a bit slower and then things pick up again in the fall so you know right now that's kind of the the frame of mind that I'm in.

but it's even though a month over month. We think of the spring and and you know January February March and then into the spring being a strong time of year I have to take the temperature of the market every single day and so you know today I kind of, you know, had a close call and I said, you know what? I'm maybe not in the best headspace I'm a little tired I'm just gonna slow it down. things seem a little choppy out there and I think that that was the right call. You know this L.e.d.s be MRA was the other one that popped up and the thing would be MRA is that it was a good five minutes set up.

Look at this five minute flag. I mean I say it was good because it worked out well. It was only so-so because it actually pulled back a lot. It pulled back all the way down here to 955 at 9:55 all the way down here.

six dollars. It broke below the V web and then it squeezed up so we missed the squeeze. We saw it after it was resuming from the halt and you know was already up here at like 875. I hadn't ordered at 875.

thinking about getting in I hesitated and you know it's probably the right move because it only hit 932 before dropping way back down. And if I had had a really great day and I had a big cushion, yeah, maybe I would have been more aggressive and whatever. but you know Green is good. So another green day and so we'll write that down in the calendar I brought it with me.

it's over my bag. So right down 7th trading day of the year, another Green Day So I'm green right now. six out of seven days I was read the first day of the year, which is a little disappointing by you know I've redeemed myself from that 3,000 or 4,000 dollar loss and I'm up thirty grand on the month, so Green is good. Alright, so anyways, that's it for me tomorrow.

I'll be back on Nine Nine Fifteen streaming on YouTube for the midday for the pre-market watchlist and then of course live trading 9:30 to 10:30 11:00 midday recap probably around 11:00 a.m. We'll do it on the earlier side, just cuz I've got so much stuff going on out here for the next few days. Alright so I hope you guys all had a great day. Any questions, any feedback you guys want to, you know? throw in the comments on YouTube I'll come back and answer those those of you in the chat room and you know questions I'll answer those as well.

L.e.d.s Yeah, the spreads on this one, you know make it a little tricky. No, you know, it's just kind of you. sort of notice, traders will get really aggressive and then they'll kind of slow down. Kodak Yesterday a really big move.

I didn't end up trading it in the afternoon because obviously I wasn't around. It's a five cent tick stock. Didn't really give us continuation today, so nothing there. Michael B he's flying out to California He's gonna be here later today, so we'll be trading together in the morning tomorrow.

All right? So yep, I'd a scanner scrolled up and I'll leave you guys to it. So I'll see you all you first thing back here tomorrow morning for pre market analysis around 9:00 9:15 if you're still watching, you must have really enjoyed that video. So why not subscribe and get email alerts anytime? I upload new content. Remember when you subscribe, you become a member of the Warrior trading family.