What's up everyone? All right? So in this episode I'm going to go over uh, the week this is gonna be I guess a week in review So something I think significant has happened here in the last four days. Uh, of course Market was closed on Friday but what's happened is we've seen a shift and we've seen some Momentum pick back up and that is great to see. It started on Monday with Gfai so you know Monday Morning sat down, didn't have any expectations I mean I was You know it's just it's been slow. Obviously Q1 finished slow because of everything that happened with the banking crisis in March You know Feb January February were good months, they were a little slow but they were decent and then all of a sudden March You know we get the collapsed Silicon Valley Bank at Signature Bank and it just you know it just created this whole distraction for really the month, the majority of the month of March and so anyways, it was really nice to see in April uh the first week here, momentum coming back in a little bit.

So uh so the first stock was Gfai and I'll show you my metrics for uh, the week here. Well, the month of April so far so finishing uh, the first week with 11 000 303.46 of gross profit average daily Gain: 2 800 not bad Average Winner: 448 average Loser: 217 Accuracy: 69 percent Took 46 trades an average of about 10 trades Uh, 11 trades per day on those four days. Commissions: 300 bucks ecn fees 750 uh made money Monday Tuesday Wednesday Thursday was a small green day and then Friday no trades and the majority of my profit on stocks between 5 and 10. So 90 91 of the profit.

approximately 90 percent uh in that price range which makes sense. So if we look over here at the calendar, uh I mean not that it really matters. it's you know, four green days here to start the the month which is great. But it began with Gfai on Monday So Gfai was really unexpected I initially this one and we can look at the chart.

Uh, it started to squeeze up a little bit. the previous trading day on Friday and I had sort of like you know it was like whatever didn't trade that on Friday wasn't even paying attention to it. and then Monday morning this is pre-market began Monday morning here at 4 a.m so April 3rd it pops up a little bit but it kind of seemed like it was trending down. I was like I don't know I mean I don't really think this is going to do very much I Looked at the the chart and I was like well, it's not a recent IPO it is a reverse split.

somewhat recent reverse split but you know I don't know I wasn't sure that was enough and the float on Gfai was pretty low, but you know still just wasn't sure. So I was surprised at the Open when it ripped into this halt up and the way I traded this was first it came into view app and initially I was like this is probably gonna fade off of V web. it's probably a short so I just kind of watched it there, expected to fade and then as it held v-wap it broke and just ripped into this Halt and then on resumption. uh you could see we ended up going to 10 and then pulled back I mean this thing really made a huge move so that was on Monday and I didn't trade as well as I could have but I got green and basically you know my attitude on it was.

listen this is the beginning of the new month I didn't get a big cushion on it but I am green I just need to be consistent. lock it up and try again tomorrow. So I did that locked up a nice Green Day came back on Tuesday and we got a little bit more action which I think was kind of follow through. um to the momentum on Monday so then Tuesday we have a bit more action and then Wednesday again a third day of some decent action.

Not that I was really crushing it on any of these days, but you know we were getting some good trades. so on Tuesday we had bfrg this one um made this really nice move. as you could see here it gapped up higher on Tuesday Morning this one. was a recent IPO so because it was a recent IPO I was more confident on that one.

Got some nice trades it didn't end up holding, but you know intraday gave us some good opportunities and that that was enough so was grateful for that. and then on Wednesday we had b-u-r-u buru. this one is also a somewhat recent IPO I Had sort of lower expectations for this one as well because it had already made its kind of recent IPO squeeze here, but you know did end up putting in a pretty nice move here as well. So that was um on Wednesday and then yesterday or on Thursday We had Gfai again and this one was a little bit annoying because I called it out I was like I think it looks good with a stop at 8.50 but the volume was really light.

it just had it on my watch list. but anyways ended up makes making a move from eight nine dollars up to 16 which was awesome but I didn't trade it very well anyways. Uh, the big picture here is that for those of you guys who have been sitting on the sidelines I think that there's um, some reason here to be a little optimistic. we just had a great first week of April It feels like the drama in the banking sector has kind of subsided.

The overall Market is um, you know, holding up relatively well which is great. We're back above the 200 moving average on the S P we're back above 400 a share on the S P and at this point I think we've got a couple of things that are going to tell us whether or not things are seriously going to pick back up. Um, if so, a couple things. so the first one.

Yes, we had a good first week of the month of April. My goal for the month right now is still 40 000. I reduced my goal from a hundred thousand a month down quite a bit to just ten thousand a week. Uh, and and that was basically towards the end of last year when I just felt like I was coming up short and I was like let's just reduce expectations and be grateful if I exceed them.

So hit the goal in February or hit the goal in January Had a good month in February and then um March did not hit the goal March was very slow but now February now sorry April on track at least first week of the gates in in good shape. so if I keep seeing some consistent momentum and we see some stocks that are opening up and they're holding their levels, then I think I'm going to be back into a group of being pretty consistent. you know, hitting bass hits and and hitting my my goals in terms of weekly goals and monthly goals even if they're a little lower than what they were in a hotter Market But whether or not the Market's going to heat up in a bigger way I think this is going to come down to the larger overall Market You know last year we had the big run in energy stocks in the early part of the year which you know that was awesome and then we had the Chinese IPOs through Q3 and Q4 that was great That helped me have my best months of the year in August and September. So if we start to see a sector get some real attention and AI is a possibility, but I'm not sure because it sort of did pop up and it wasn't as exciting as it could have been and then it's pulled back a little bit.

But whatever the sector is, if we get a hot sector, that's probably going to add some fuel to the momentum that we've already got kind of picking up here. and then secondly, we've got what happens in the overall market in terms of inflation and uh, the monetary policy with the Federal Reserve So right now you know for the last year, plus the Federal Reserve has had their foot on the break. They've been trying to slow things down and they have been successful. I Mean to a certain extent, at least the market has certainly pulled back a bit and the economy has slowed down a little bit.

But inflation is still stubbornly high. So we're at a point with the increase in interest rates where there's discussion about, you know how much further are they going to increase rates? and most people don't think they're going to increase too much more. Which means we're kind of we're We're basically, you know, maybe one or two rate hikes away from what we think is going to be the top of this current uh move in rate hikes and then we're gonna pause. And as soon as we go into pausing I think at that that point we're going to see a rally in the risk assets including stocks.

As people feel like, okay, this is how far we've gotten now we now you know we're looking to hold this level, maintain and then hopefully next year. uh, decrease in in the interest rates. you know, a cut So we could be positioned well for a rally going into Q3 or Q4 it could start sooner. Of course.

it's also possible that that could change the prices that we saw in the banking sector definitely had some Shock waves and made certainly people quite nervous. So we'll have to see if there's more Um, you know ramifications from this very historic uh, increase in interest rates that happen so quickly so there may be some more collateral damage that comes out and that that shakes the overall. Market Obviously looking at company earnings through the rest of the year, you know is also going to indicate whether or not we're going to have the soft Landing or we're going to go into like, a full recession or something like that. So there's There are definitely some variables here, but you know I Think the good news is that the banking crisis has seemed to have subsided in the collective.

You know conversation about the market and we're starting to see some momentum pick back up. I Saw Johnson Johnson just as a large cap stock had its best day and I don't even know how long this massive Gap up here back up above the 200 moving average so you know that that's always nice to see. You know a big company with um, you know, big gap Pepsi and other large cap stock back near all-time highs Coca-Cola Hanging out, um, in a pretty good position here near the all-time high Proctor gamble so you know you got a few these, um, big big names that are certainly off their lows in the beginning of March which is good to see. So yeah, uh, I'm optimistic I Am still taking the approach right now of managing my risk I In terms of capital for most of Q1 I Didn't use more than maybe a fifth of my account on any particular day I Didn't take large positions, you know I wasn't swinging for the fences I Had a couple of nice green days eleven thousand eighteen thousand I Think those were the two best ones, but a couple red days too.

Five thousand and eight thousand dollar a day. So you know right now it doesn't feel yet like the time to really size up. But my account is, you know, fully funded I suppose you could say and I'm ready to trade aggressively I'm just waiting for that confirmation from the market you know towards the middle of last month I was sort of wondering if I should take money out of my account because I was thinking you know if we're gonna have to settle in here for the Long Haul if we're really in a serious situation with the banking crisis, you know, maybe I should just take my money out and then I kind of thought for a second I was like well, what bank would I rather have my money in and I was like oh, that's a good point I don't know So I just kind of left it there. um, you know, but now I'm kind of glad I did because it's it's fine where it is and I think for me I sometimes feel like if the money's not working I should put it somewhere where it can work even if it's just you know I mean gosh, I could do a I don't know a short duration Treasury and at least collect some interest.

Pretty good interest. you know right now in in this with these rates but at the same time you know whatever I would collect there probably a fraction of what I would make on a day where I actually use that money trade because the market was hot. So I don't want to have a day where I need the buying power and I don't have it. So right now I've got a little bit more than I need but I'm I'm ready once the market gives me some reason to step up to the plate and that that really does come down to my own ability to be disciplined, to have self-control and to have all this buying power at my disposal, but to choose not to use it and to be very selective about when I'm gonna use it and something that I actually thought about.

You know, in terms of my weekly and and even monthly goals or even annual goals is that you know when I looked at last year I had you know my top 15 or 20 days produced I mean it was. It was really significant how much profit those days produced. Uh, you know, a couple of 55 000 a day Sixty thousand dollar a day? I mean the those two days right? There were 10 of my net profit on the year. So there is a part of me that wants to try to be selective and be willing to, you know, hit it hard when things look really good and then also be willing to just step back and stay on the sidelines when it's cold.

and I actually did that for March was kind of a something different happened for me in March uh and I'll show you my metrics: I had a lot of no trade days. Uh, so this was the month of March I had one two, three, four, five, six, no trade days which in two weeks is that for me is historic I've never had that many no trade days so you probably didn't see very many Recaps because I wasn't Trading Uh, but I I sort of had the belief that you know in the past I probably would have taken a lot of low quality setups and generated a lot of commissions and probably gotten myself frustrated. You know, one step forward, two steps back and instead I said, you know what? I'm just gonna stay on the sidelines right now. The bank stocks are the focus I don't feel comfortable trading them and I think that was the right move so you know I don't know I I I'm perhaps, um, trying to test that new approach with trading of being a bit more disciplined and and actually just not trading if I don't see anything that looks really pretty solid that you know gives me the potential to maybe hit my daily goal chipping away on really small winners I don't know, you know, and and again in this market that just doesn't feel like the risk is quite worth that reward.

So trying to be disciplined but I Was really glad to have four decent days today or this week. Did not overstay my welcome, left some money on the table, but walked away green and had some really good, uh, really solid trades even if they were with smaller share size. So let's hope that this is maybe the beginning of what could be a strong second quarter. And you know, I'm optimistic that we're going to have a good finish to the year in Q3 and Q4 It's super early so a million things could happen, but um, there's no reason to be pessimistic.

I mean I'm I it's better to be optimistic I Suppose on the other hand, you could say it's good to plan for the worst and hope for the best. So in terms of planning for the worst I I Guess that would just be based on um, if things really slow down more, we have another you know, crisis or more collateral damage from the interest rate hikes and the overall Market goes back to the the lows of this recent pullback which would be a like a 20 percent, uh, solid 15 drop from the current prices. it would be significant. Uh, then I think I would just go back into the mode of being very very selective, taking fewer trades, but being like a sniper that when something is hot, trying to really trade and make the very, most on that as I can and let that tide me over uh through the next you know stretch of slow days and that attitude works just as well in the hot Market But in a Hot Market you may just see good opportunities.

you know, back to back to back to back and you're getting a lot of Trades So quality I Think that that is going to lead the way and that means you've got to be patient and disciplined. So that's my uh weekly recap. I Hope you find it interesting and um I did write an article on this which I'll put a link to down below so you guys can check that out if you want. and uh, you know I Also you know for what's worth I Think this is a great time to be studying because number one, you're getting experience a little bit of a colder Market which can help you have a foundation and discipline and you know I also think and I could be wrong but I think that we're um, coming to the other side of this period that we've been in where we're going to start to see things pick back up.

and if you want to be able to capitalize on the hot Market you kind of have to have been in the market for a little while to train and to get ready before it's just all of a sudden hot because otherwise you know, like for me, when I when we came into the really hot Market of 2020 and 2021 I mean I was I was ready to go I was well trained and I was able to capitalize on those markets I did very well but someone who just started at that time you know Unfortunately they just they wouldn't have been able to do as well as someone who came in with a couple years experience. So all that is to say I Think it's a great time to start studying and practicing and if you want to do that with me, do that with me. Over at Warrior Trading you can check out our Warrior Pro course which includes access to the chat room to the scanners. We've got charts that are coming out soon.

As you can see we've got our news feed. You've got my ultra low latency broadcast daily Mentor sessions and everything else. If you want to learn from someone else, learn from someone else. But I encourage you to get started.

Uh, because it's no better time than than the present so that's it for me. Thank thanks as always for tuning in and reminder that trading is risky and my results are not typical. so make sure you take it slow and practice in a simulator before you put real money on the line. and I'll see you back here on Monday morning.

All right, enjoy the weekend. See you Monday.