What's up everyone? Alright, well another read day read day recap. Its third read day of the month and I'm not gonna try to, you know, get myself to been a shape over it. but a little frustrating for stocks I Traded read on three out of the four I Just the momentum wasn't there for me today. No love in the market for us, so you know it is what it is.

Red day. Be back at it first thing tomorrow! I Hope you guys enjoyed this recap. You know red day recaps are my least favorite to do. so Give me a thumbs up for doing the red day recap and you know transparency is what we're all about.

I'll show you the green days. those are fun! I'll show you the red days how's much fun but it's important for you guys to see. and I know you guys are able to learn from the mistakes I made. whether it's a mistake or just you know, bad market.

Whatever it is, you learn from the red. maybe even more than you learn from the green. So enjoy the recap questions, Comments: leave them below and I'll see you guys first thing tomorrow morning. I'll be back in my office.

Alright, see you then. All right everyone. So we're gonna do midday market recap. Go to the trades from this morning.

This is going to be a red day recap, which you know is always a little disappointing. I was saying earlier. Doesn't matter whether you've been trading for, you know, ten days, ten months, or 10 years, red days are not fun and I'm probably just as frustrated on a red day as someone who's only been trading for a few weeks, and you know it's just. The reality is, when you have a red day, you're coming into the market, you're presumably following your rules and trading the stocks or what that are within your strategy.

But yeah, and the day with less money than you started and things just you know aren't aren't working the way you'd expect them to. it's it's the way you feel when you strip a bolt and you know it's especially if it's a metal bolt. But for your car or something like that and you know it's just. it's a big setback.

I Once stripped the bolt I didn't strip just the bolt I stripped the thread of the spindle for the brake caliper and I had to get a whole new spindle. I Mean it was just. it was so, so frustrating. But sometimes that's what happens and you know it's part of the deal with.

you know a lot of different careers that you know you. You end up spending an exorbitant amount of time cleaning up a mistake and you know when you should be making progress. so you know. And I See it in the you know, the Gold Rush Alaskan show.

I watch these guys you know they'll have a backup at the wash plant gets filled up with gravel and dirt and then they're spending six eight hours just trying to clean it back up and all that time they miss out. You know, running, running, good dirt, and it's I'm sure it's frustrating and then to watch it happen again again again, you know? So today's one of those days where I stepped up to the plate, traded four different stocks you can here was read on three out of four below my max loss. now down $3,100 Very frustrating and you know, um, on most of these stocks I actually had a nice profit and ended up giving it back by being too aggressive. So I'll start by looking at the Gap scanner this morning.

Everyday Gap scanners pretty much the same. You know we're doing the same process. We start each morning by looking at these scans. So 9:25 a.m.

I'm training from New York City again today. put up the video for those of you guys on Facebook or YouTube. So I've got my view out of the park right here and you know my nice little perch here by the window which I'm really enjoying. but you know it's always nicer when you're not trading on the road just to have nice green days and not end up getting hit with a big loss.

But anyways, it is what it is. So started in the morning looking at the Gap scanners ad IL was our leading Gap or this is the one that I jumped into right out of the gates on this one, we actually had a pretty nice five-minute pattern forming pre market. It was not bad at all. A little pullback here.

a squeeze up to 373 pullback pullback pullback watching first candle to make a new high. the bell rings and we do get that first candle make a new high I jumped into it at where did I get in. Let's see I jumped in this one at 360 with 5000 shares and you know it basically hit a high of 367 and then flushed down to 342 and I stopped out at 339 for a thousand dollar loss and the first you know minute of trading first two minutes. So that's a disappointing way to start the morning.

and Ey E N came up on the hide a Mo Mo scanner. There was really nothing else on the Gap scanner so that was the only one that I was really watching. So then I was watching the hi day Momo Scanner Ye Ye N pops up on the scanner right here to a 82 88 to 93 304. This is a really frustrating one.

I took a couple trades on it the first trade I jumped into it at what was a 3-2 89 added at 295, Seoul at 302 and 97 added back at $3 So you know, typical kind of scalp over the half dollar hole dollar getting in, getting out, adding back, it squeezes up to 317 I add 309 and 315 I'm being kind of aggressive. it flushes down to 270. It was like oh boy, you know this is I'm gonna give back all of my profits and then it surges back up and so I add back at 3:13 318 and 327 as it squeezes up to 340. I was looking at this I was like okay, it flushed down here to 270 and now it's just ripped back up to 340.

This thing could get halted I mean that's a 70 cent rip and this is only a $2 and 77, you know $3.00 stock. so 20% move. this could get halted going back up. It'll squeeze out any short sellers who shorted this candle here as it surges up.

It didn't have news on the daily chart. not the greatest headline daily news on the day. the daily chart not ideal, but looking better over $4 so you know it's kind of getting a little aggressive on this. Stepping up to the plate thinking this is gonna go into a halt, its gonna break over 350.

we're gonna see 360 370, maybe $4 and I'm holding 10,000 shares on an average price of like 320 or something like that. so ended up stopping out here. 287 286. Boom drops back down right here and I got a stop out so stopped out right here and I'm down.

I go from being up, you know I don't know eight hundred dollars on the stock. but then I'm holding 10,000 shares at 3:20 and I have to sell it down here 390 387 So that's $3,000 loss and this is exactly the type of thing I Talk about where you know I get aggressive and then in one candle. when it goes against you, you know what do you do I mean you're now in this, you know you gotta see it through. and so I gave it a chance for the first one minute candle to make a new high but that didn't happen and so I stopped out on the low of the pullback.

Max loss was at 285 now so that was no fun. so took a good-sized loss on that one 27:23 hundred bucks and with that I was down three thousand dollars. I was like alright, well to read trades right out of the gates I'm gonna override the max loss and go refer back to three read trades and I'm done for the day. So I have a third read trade I'm done for the day because you know at this point I'm still really early in the morning so let's see.

So I end up you know saying all right I'm gonna go ahead and take another tray next doc that comes up on the scanner ad il I did get back into it. oh wait no did I yeah actually I did get back into ad Il for the first five minutes. Camel making new high right here and I made like a hundred bucks. whatever.

Small winner only popped up to 75 so small win on that. and then we had n FEC hit the scanner right here an MRI n at the scanner right here now I'm frustrated on MRI I mean I only lost 78 bucks on them MRI an but I took two trades on the first trade like sleep. The first trade was coming out of halt so it ends up squeezing up. It got halted at 4:20 I wasn't expecting that but you know it got halted.

so I jumped in coming out of the halts buying it at 3 sorry four dollars and thirty nine cents and scalping the squeeze here up to 455. made 5 bucks on that tray I then got back in it right here and stopped out as it dropped back down as you can see it drop back down here, it then flashes up and goes all the way back to high a day. So a real slap in the face by the market. but you know it is what it is I mean this thing broke new lows, it dropped back down so I ended up giving back the profit I made.

So now I've read on that stock and but before before I took so first I had the trade where I went green on it and then I came back on the trade that I went red between Matt I took a trade on n FEC so n FEC hits the scanners. it squeezes up here on the 1-minute chart to a high of 1025 then pulls back right here and as it squeezes back up I add into this squeeze it goes all the way up to 1090. It then resumes from that it gets halted. it resumes from the halt at 1080.

I'm like okay it resumed lower I'm gonna add over 1084 break of 1090 and then I'm looking at 11 on the daily chart. This was the first daily candle to make a new high. made a new high only by 11 cents which is pathetic I was expecting a retest of the moving average which 1231, the 9 and the 20 moving average right here I thought we would get a bounce a squeeze. so when I saw hit the scanner and I looked at the daily chart I was like okay yep this all looks interesting.

So anyways I added 82,000 shares I can see there's a hidden cellar at 80 so right away I put half my order back on the ask at 79 and I sell my 2,000 shares that I just bought. Okay so that's fine. Um and then I sell more 75 on the ask and then it drops down to 1002 and right here does the same thing as MRI or as you IEN consolidation and I stopped out I think it was like right here as it broke 10 so I went from being up I don't know I like $2,000 when I sold because here's the thing, it's first-in first-out So my ad right here at 27 and 30 that was my my first in with 3,000 or 4,000 shares. So I'm in there with 4,000 shares.

so when I sold 4,000 up here I booked like maybe 2200 dollars of profit. but now I'm holding 2,000 shares that just added at 11 or at 1080 and I sold those back down at 10 for a you know $1,600 loss. So that's the way most brokers do it. first in first out so only 300 dollars of profit there.

this one had the chance of getting me out of the hole if it had squeezed up to 1231. you know with my 4,000 shares at 10:30 I thought this is gonna easily break 11 go up to 11:30 11:50 I had room 212 so I was like this could be a $4,000 winner and it's gonna get me out of the hole from these two trades and you know to not taking a lot of risk on it but ended up making 300 bucks so that was disappointing. Came back up again but I decided just to leave it alone. Actually looks like it almost tried to make new highs but whatever.

So that was that. and then I took the trade on em Rin At this time before I took this last trade, I was actually up for 50 so I was up for 50 on em Rin up 300 on N FEC and yes, I was still down about 2600 on the day. but I was like look, if M Rin takes off, you know this might end up being a good, you know, a good sized winner for me and you know maybe I'll make another 500 bucks on it. Maybe I'll be down only 2,000 on the day, maybe only 1500.

I wasn't really thinking I'd get all the way back to green on M Rin but you know, step in the right direction but it chopped me out and now look at it, it's up at, you know, 480 sub and not not an easy day for me. A little frustrating, but at the same time, I'm not really down all that much more than I would make on a good day. My daily average is this year. Well, I don't know actually where it is, but I think I'm right around $2,500 per day average I don't remember.

Let's see today is that two hundred and thirtieth day of the year and I'm sitting at just under half a million dollars in profits. So let's do the math. So $492,000 divided by 230 is two thousand, one hundred, thirty nine dollars per day. So today I basically gave back one and a half good days of profit.

But that's that's fine. I mean I My read days are account for about 20 percent of all of my trading days. So for every you know, every four steps up I have one step back. Four steps up, one step back so you know you do the math.

I Mean that's that's me moving moving up. Overall, that's why I've got four hundred ninety thousand dollars of profit this year. But that doesn't change the fact that today is disappointing I Was really hoping I would just crush it in December and I'm only up like twelve thousand bucks on the month. So I made eighty four thousand dollars last December But you know that's that's the ebb and the flow.

It's just. it is what it is. it's not. You know there are there are months this year that I did much better than months last year and then you know vice versa.

So try not to sweat the small stuff. you know watching em Rin You know, continue to go is probably not going to help me and just you know, come back recharged tomorrow. I'll be back in my home and you know office and it's five minutes down the road. Chemist on the road.

but whatever back. I'll be back of my office tomorrow you know, ready to do my thing and that's fine. Didn't end up being green on this trip. Made talk 2000 yesterday last three thousand today.

so down a thousand bucks. but again, you know it's if you are so hyper focused on this tunnel vision of today today today. You know, even just doing this like all I see is the level two. That's sometimes like you get so fixated on your P&L so fixated on this one stock.

You know when you close this and you're like whoa, Okay, there's a whole world around you know right across the street I See some guys working on the roof of that building I Don't know how what the temperature outside is? maybe 35 degrees 40 degrees I Saw them out there yesterday too and you know that's you know you see these guys down on the street. push riding those bikes and you know, still agree months and you know, just trying to finish up strong Thursday Friday and then finish up strong next week. Really like to get over the half-a-million dollar mark in my account? That would certainly feel good. So I've got like eight thousand dollars between me and there Joe I Haven't looked at my stats super closely between trading at home and trading on the go I Know that the four or five biggest days that I've had in the last year and a half or two years have all been trading at home, but I think that's also just the nature of I'm at home a lot more than I'm away, so just statistically, that's it's more likely.

I did have a really good day in California they got an eight thousand dollar a day when I was trading California in October I don't I was watching some I saw some comments on that video not that long ago. For those of you guys watching on Facebook I see that it's freezing up a little bit. sorry about that guys, it's hotel Wi-Fi It's to be expected, so if it's freezing up a little bit on YouTube Also, sorry about that tomorrow. it should be better.

That's the biggest disadvantage of traveling. you know, trading on the traveling trading station. it's just the Internet's not. You know you don't get fiber and hotels my up I mean I can check to see what it is usually I'm also using a couple different computers for all my streaming stuff so that makes a little bit faster.

but yeah I mean actually the internet here it's not horrible I don't know. So anyways, um, that's about it for me I read they recap, but back at first thing tomorrow morning. Hopefully we see some good stocks on the scanner something a little bit more exciting than Ad IL and can make a little bit of money and just try to finish this week strong. Alright, so Emily Any thoughts for December Yeah, I mean obviously the overall markets been weak.

You know? Definitely, you know cuz I mean that's just very true. You can see what's happened here since: December We've sold off how that weighs on small caps. You know it's We've gone through periods like here where the market was weak and if we go back, you know further. you know we went through this period here where the market was really weak, but we still saw opportunities to trade small caps.

This was 2016. This was the end of 2015 - that going into 2016. So you know I'm not super super worried about it. You know there's always opportunity.

I mean that's just pretty much my stance on it. There may be more opportunities to the short side, but at the same time, a lot along a lot of small cat traders are naturally long bias because it's hard to find shares available to short them. I mean you if you have shares at Sure Trader or Cmeg, then it's gonna be easier to short those stocks. But if they don't have shares, most you know, probably half of all the traders who trade small caps are below the PDT level.

So they're not going to have an account with center point where they can trade you know, shorts of pretty much anything you know. so they're definitely gonna be restricted. So I think more small cap traders have a long bias just due to the nature of availability of shares to borrow. And so even during a really weak market, if there is a stock that comes out with news, it's gonna move up and traders are gonna jump on it.

and maybe they'll be even more aggressive on it to compensate for the fact the rest of the market is so choppy. So anyways, that's it for me. I Reminder Guys Tomorrow 1:00 p.m. Eastern Steve is hosting a workshop.

He's our futures trader here at Warrior Trading. so I would love for you guys to and check that out. And if you'd like to learn a little bit more about what he's doing, his futures trading chat room is open. He starts streaming right around 10 a.m.

So the futures market. The nice thing about that is you can trade it. You can trade it at night, you could trade it in the afternoon. it's kind of.

You know, there's a lot of different times you can trade it versus just the small cap. So anyways, guys, you're welcome to check that out if you like. I'll put the link in the YouTube description and put it on the Facebook video already and I will see you guys the first thing tomorrow morning. All right.

I'll see you guys all in the morning. Bye if you're still watching, you must have really enjoyed that video. So why not subscribe and get email alerts any time? I upload new content. Remember when you subscribe, you become a member of the Warrior Trading family.