All right everyone. So uh, we're gonna start the morning here by going over September month in review. I'm going to go over my metrics from um, the last. um, you know, the last four weeks of trading today is the first day of October So this is a good opportunity just to kind of take a look back, look at what's been working, what's not been working, and then make a plan for moving forward so far this morning.

Uh, the reason I'm going to do this? Uh, September month in review? Uh, which at the time that I would typically be trading is because there's really nothing so far this morning that looks good overall. Market Um, you know, not looking great overall Market We're still clearly in a bear. Market That didn't stop me from having a good month in August or September but today, you know, after selling off a little bit on Friday a little bounce this morning pre-market overall Market's not looking great the small cap market. We've got our Gap scanner here.

Um, I'll move this over Gap scans not showing a lot. Um, that's interesting. Logc is a buy out wlds this one's only up 38. it's a cheaper stock myov this one's higher price and higher float you've got.

Um, Lvwr Which is higher float so FNG are same thing. So we've got a couple of Uh stocks but none of them for me are uh, that interesting. So um, for the time being I'm just gonna sort of hang tight on taking any um, taking any trades until we see something pop up and I'm hoping that we do see something pop up, but you know, if not, that's fine too. All right.

So let's start by going over uh, metrics from uh, the month of September so I finished September in great shape 131 000 and many of you guys know I set a goal of 100 Grand So my goal was a hundred thousand dollars for the month and I got thirty thousand dollars over that level. My goal for the month of October is also 100 Grand Uh, but you know now because I made an extra 30 uh, last month if I end up coming up a little bit short this month or maybe next month or in December I can still achieve my goal of you know, four hundred thousand dollars this fall between Uh September October November and December daily average six thousand, two hundred dollars of profit average Winners 594 dollars average losers 268. So that's a great profit to loss ratio. You know that's the type of profit loss ratio that I always uh, try to encourage uh uh, traders to aim for two to one.

accuracy was 68.9 percent. that's in net profit. That's pretty good accuracy and gross. probably a little bit higher.

So that means there were, you know, a certain percentage of Trades there that were Break Even Basically, but after fees and commissions were read I did 140 000 in Gross 131 in in net. So that means my commissions were three thousand and my Ecn fees were 6200.. my average hold time was four minutes for winners, three minutes for losers. And if we go to, um, compare, we can compare winners versus losers.

So I'll do uh winners and then I'll do uh, losers. And one of the things that's helpful here is that you'll be able to see that my average winners are not particularly large. So average Winners: about 14 cents a share, Average Losers: 10 cents a share. You know those are not huge winners.

They're not huge losers. Some of you out there who are trading with 100 shares, you might be thinking, oh, 14 cents, That's only 14 bucks. You know that's not enough for me to make money. You trade with a thousand shares or five thousand.

Fourteen Fourteen cents is 750 with 5 000 shares. roughly. Okay, Well, the whole idea here is to find the path of least resistance to find what you may find to be, um, the simplest way to carve a little bit of profit out of the market. And I think scalping 10 cents, 15 cents, 25 cents on Momentum stocks trading above the Macd signal line.

Macd above signal line moving quickly. That's the time when these are the most forgiving. That's the time where you've got the best opportunity to capture these. 5, 10, 15, 25, Cent Winners So you know.

Okay, trading with 100 shares, it's not gonna, uh, maybe pay the bills. But if you're trying to make a living trading off 100 shares I Really don't know any Traders out there that are doing that successfully because the thing is, once you're doing that with 100 shares, then you would scale up to a thousand. You'd scale up to ten thousand and you you'd be one of the most successful Traders out there if you're consistently pulling one two dollars a share per day out of the small cap. Market So I think it's important to, kind of, you know, adjust your expectations.

If you can get 10 15, 20 cents on average winners. that's really good. That's fine. So for those of you guys who are in Trader Rehab, it's the first day of the new month.

Focus on one trade a day. Get in, Get out. Try to get your 10 cents a day. 15 cents, maybe 20 If you know you have a stock that seems particularly strong.

but just try to get those base hits and you have to be ruthless about cutting your losers. you cannot hold and Hope on losing trades. You guys know this, but many of you do it anyways. So I'm just going to remind you, Do Not hold and hope be super disciplined, Get in, get green, and shut it down.

All right. So this morning, uh, we've got about 25 minutes to the opening bell right now and uh, you know the Gap scanner is kind of unchanged. So at this point I'm thinking that, uh, you know, there might not be a lot of good opportunities today, so this might be a good day to sort of just be a bit more cautious and wait to see if something does happen to pop up. You know it only takes one, but you do not need to over trade.

In fact, over trading is, uh, you know, probably one of the the worst things you could do as a beginner. Trader You just end up generating fees and commissions and, uh, spinning your wheels so you know I have uh, you know, obviously some pretty nice profits from the month of September and of course, a nice month in the month of August as well. And that's really probably more than anything. It's a combination of the confidence to trade with larger share size, the discipline to keep stops really tight, and the willingness to be aggressive when things are moving.

And we did get some really nice, uh, some really nice moves. you know, between um, the recent IPOs the Chinese small cap stocks, and some recent reverse splits. All right? So um, thank you for those. Uh, tuning in on YouTube this morning for the morning show.

Appreciate you guys being here I Hope you're hitting the thumbs up I Hope you find these reviews helpful. If there's anything specifically that you're curious about in my metrics, let me know. foreign A lot of Trades Uh, pre-market of course. Last month we had some great opportunities pre-market I did have one red day last month I Would have loved to have not had a red day.

this would have been my 50th consecutive. Green Day I was on a really nice hot streak from July You know, but I've only had three red days since June since mid-june So yeah, you know, Big picture is it's okay to have a red day. But you know, one of the reasons that my accuracy has been pretty high has been because of my willingness to just take small base hits. Get in, get green, lock it up and you see that in my trading.

I Get in for a breakout I take profit if it's a green trade I Look To get back in I'll take another. There's other Traders out there that are going to hold for the whole move and look for you know, 40 50 cents from entry to exit and I'm just going to take three base hits during that same range now in a really hot market I'll start holding a little longer I'll start trying to be a little bit more aggressive, but in this colder Market that's that's not the way I'm gonna do it. Okay, so let's see. Um, if anyone has any ideas of something that you think, um, looks good, let me know.

So sure. So since, um, let's see. So since that green streak began approximately, um, let's see if I could do. overview recent 90 days so it was kind of slow in June picked up nicely.

uh in August September's been uh, doing well or did as it was. um, a pretty good month I was doing well in September so you know I had a few days in there with 100 accuracy which is always nice. Couple days that were on the Lower Side 37 that was pretty low. This day back here was pretty low too 30 percent so they even out to about 69 percent foreign, but profit loss ratio has been better.

Still, generally keeping my share size a little smaller. This has been kind of my strategy for getting through the Bear Market Those you guys that didn't already check out my video on day trading? let's see Bear Market Strategy I'll give you the link to this. you guys can check it out so let's see. Yeah, so this is my um, oops Bear Market Strategy episode right here.

You guys can check that out if you'd like. So 429 000 using this bear Market Strategy and the Bear Market Strategy is being willing to take these quick base hits right, focusing on a couple different patterns, trading them consistently, not overstaying my welcome. Thinking about risk management as always: Entries: Exits: Micro Pullbacks ABCD Patterns both lags First pullback give you a bunch of examples of those, so that's a good one to check out. Yeah, Fngr um, it's you know I agree obviously I had a nice move on Friday but it is extended on.

The Daily You've already had several big green days. You could get continuation on it, but the float's a little higher so my expectations are a little lower. I Think it's going to be more of a grinding stock I Just generally don't find that I um do super super well with those I find they can be quite frustrating. In fact I like bigger breakouts? Yeah.

Uh so I See that back above the web? you're high. There is 10. 43 on Atxi. pre-market was up there.

Um, the thing on this one you had a nice move on Friday it got up to 12. Csw, Cscw let me check that one. Yeah, so it's a little cheaper As you can see I'm not a crazy fan of these lower priced stocks. Your high is 53.

it is a reverse. a recent reverse split so your float's going to be pretty low. You could get a curling pattern on it. that's a possibility, but realistically, this is going to be small gains because you'd have to take pretty big share size to make considerable profit on it.

We'll keep it on watch. Put it on a side chart. PBR No I don't really, it's Energy stock I Don't think so. Volume on Cscw is pretty nice here.

You know you can see obviously some volume coming in. there's 54 or 55 . foreign reminder for those tuning in. As always, trading is risky.

My results are not typical so I encourage you to be cautious. Take it slow practice in a simulator before you put real money on the line. I would also encourage you, um, whenever you're trading just to focus on taking, understanding the entries and exits, taking your own trades, taking accountability for your trades. You're the one buying.

You're the one selling. So try to understand strategy, try to understand the right places to get in the right places to get out. It's helpful to see what other Traders are doing. I'm sure that many of you find these episodes helpful, but you shouldn't just blindly follow what someone else is doing.

You want to watch someone else because you want to learn from them right, not just to sort of copy them. So try to just have this mentality of you're on the journey to becoming independent. and if I can help you on that journey by teaching you some of the strategies that I use by you looking at the stocks, I'm trading and you find them interesting as well because they're up 31 and they're moving. That's fine, but you've got to manage your risk.

You've got to understand where you're getting and where you're getting out. So focus on strategy development. and don't trade with real money until first. You've proven that you know you kind of know what you're doing when it comes to strategy.

So this is forming a little bit of a pullback here on Cscw high was 57, so you know you could have taken this little micro pull back right there. At 53, you only would have gotten four cents. even if you bought 10 000 shares, you only would have made probably 200 bucks on. you know, ask to the bid buying at the ass selling on the bed, so not a lot of potential on that so far atxi.

Uh, still have that one on a side chart. You've got a nice little pop of volume there. your pre-market high is 11.96 from, uh, earlier, but you've got an issue with bigger spreads right now, so you know that could be a little challenging The daily over 12 31 continuation: It's kind of shown this, um, tendency to do these, uh, sort of topping tail candles so if it came back up to 12, it would probably double top there. Hi thoughts on index trading.

So you know index trading is much less of a breakout scalp trading um, type of instrument. If you're going to focus on indices, you end up really focusing more on Trend trading larger Trends longer time frames. And of course, there's some traders that really enjoy that the only way to really trade that successfully with a small account would be to use options, which of course, carry a lot of risk because you know a lot of option contracts end up expiring worthless. so it's something that uh I did try when I was getting started and I found small caps to be more consistent and more predictable for me than trying to trade options on an index.

That's just me. There's other people out there that have found some success with that, but it's difficult. So we've got about 12 and a half minutes to the opening bell. Gtii? Hmm yeah, well, it certainly has made a nice move.

Oh, it's a OTC stock. it looks like so your high right here is 57 on Cscw. Five minute is starting to form kind of a pullback. had mentioned lace possible curling off the bottom IPO um on Friday but it You Know It's just tough because these IPOs a lot of them have been selling off pretty hard.

so I'm not sure that we're gonna see. um I know I don't know if we're gonna see any real significant bounce AMV from last week yeah, still hasn't put in a green candle on The Daily waiting for a five minute setup there Cscw foreign Cscw I Think that that needs to? Yeah, it just needs to pull back a little bit more. Now Atxi Hi, this five minute candle is 40. So first five minute candle to make a new high I'll take a starter there at 39.

uh, that's a five minute set up there on Atxi. So now looking for 68.70 there's 65, averages 41 added at 60. now there's 70 on the ask so we'll see if this goes up to 85.. these are trades where I can buy I can take a little profit then I can add back holding 500 shares right now hi this candle 70.

watching new order at 10.75 to add a thousand shares added at 1070 right there. Now looking for a squeeze over 80 and 90. let's see if this wants to move up a little higher. So there's 90.

there's 11. there's a little more profit. so a couple little breakout trades there. hi this candle is 10.97 added at 1090 for the Breakthrough 11.

so average is 87. a little profit at 11 New Order 11 10. jumped over my order there. So now I want to see if it holds 11.

taking a little more profit at 1106. added 11 12. So very quick to add back. Now watching 11.25 our daily level is going to be.

there's 11 25. there's a little profit. daily level is up towards 12. So holding 200 shares, just actively trading the range.

This is the first five minute candle to make a new high. Taking a little more profit at 11.50 hi this candle is 1163. So watching for another dip on Atxi added there for the break of 12. now we're starting to move a little faster watching over Uh.

1190 added at 11.90 there's 11.96 11.99 Will it break through 12. there's a little profit at 1209 So taking a little profit as it goes higher. A little bit of risk in this area. Uh, double topping around 12 31.

taking a little more profit at 12 30. didn't really expect that much of a move. obviously. if I had I would have just held.

My first trade was like a 500 trade. So hi, that candles 13.77. dip at 1331 now watching 1375 for a squeeze through 14. What I'm thinking here is that we're starting to get some parabolic price action.

adding at 13.75 next adds 14 10.. So I'm looking for the extension through 14 up to 1450 added 14 Right there. there's 1404. a little bit of profit watching added at 14 20..

now looking for a squeeze up to 14.50 10, 000 share bid at 99. that's good to see. there's 1480. Now it's at 44.

so taking a little profit there at 14.50 Uh, you know what's interesting on this? Added there 1470 now watching over 1510. So we're getting parabolic price action on this which is awesome. Watching to buy the dip added 14.50 to buy the dip right there. Now looking for the retests through 14.75 1480 and the break over 15..

there's 14 38 holding 2500 shares giving back a little bit of profit on this trade back to eighteen hundred dollars. gave back, um half added a little too high on that I'm gonna let it pull back and then do a dip trade. Add it at 90. Um, 14 1393 1408 We've got about four minutes to the open now.

What? I think I want to watch here is the first one minute candle to make a new high for the break back over 14.50 and a retest to 15.. So watching 1425 added 1426 Now watching 35 added at 35. Now looking for the first one minute candle to make a new high through 14.50 and the squeeze up to 1468 1475 I'd like to see if we get a break back through. um, back through 15.

holding uh 1400 shares average is 17. only a 400 winner on that one. Back to flat, let it pull back again ABCD pattern here around 1446. dip at 14 20.

Now watching over 1446 for first one minute candle to make a new high, we've got about two and a half minutes to the open. This is up forty percent, which makes it our second leading gapper. Thank you. Added at 1419 Now looking for the Breakthrough, 14, 35 and 1440..

I Want to see if we get that retest over 1450? There's 35 good. A little profit for me at 35 just as it's sort of coming right into the open so only about 2 300 of profit I was up a little over three grand but gave back on this trade right here where I thought it was going to break through 15 and continue, but then it pulled back. So for those that want to keep watching me trade on YouTube You're welcome to join us over at Daytrade Dash or at Warrior Trading I Hope you find these episodes helpful. Appreciate you hitting the thumbs up! As always, make sure you check out the episode on day Trading strategies for a bear! Market You know today's another small green day.

I Can't complain. It's not a home run, but just taking lots of base hits and trying to stay pretty consistent. So we'll keep trading and hopefully we'll see some more opportunities on this as we go into the open. All right, that's the game plan for today.

Thanks for tuning in as always. Take it slow trading is risky and I'll see you back here tomorrow morning.