Market Recap: Finishing the morning up a hundred and thirty eight Thousand dollars. A hundred and thirty eight thousand eight hundred, Forty dollars and seventy two cents. Which is two thousand dollars more than I made yesterday yesterday. I was up 136 000.

So two back-to-back big green days That is fantastic And this changes the month for me. no doubt to make two over 250 000 in two days. That's a big deal that turns this month around big time. I was up, uh, 298 000 on the month before today.

Now I'm going to be up 340, 335, 000 on the month, the month coming in closer to 5 million dollars of profit on the year. This has been an incredible year. Uh, obviously, no question about that, it's been kind of mind-boggling but we're gonna break down the trades from today in, uh, the midday Market recap. And as always, if you guys have questions, comments, leave them right down below in the comments section on Youtube, certainly on Facebook and as a reminder, if you didn't already know, day trading is risky and my results are not typical.

All right. So you have to expect if you're thinking about getting into the market that you've got probably a 99 chance of losing money. And that means you need to study, you need to read books, you need to take classes, watch Youtube videos, my classes, whatever you want, and you need to practice in a simulator before you put real money on the line. Because if you start trading real money, you've got a really good chance at losing it.

And that's what happened to me when I got started. So I'm going to run the intro and then we're going to start breaking down the trades from today. All right. Well there it is.

Uh, 138 thousand dollars? Uh, do you know I was up for uh, 27 000 pre-market I was up 12 000 before I even started streaming. This morning, I was trading on my own. Um, you know earlier this morning I got up early because of Wnw. Yesterday Wnw, this thing hit a high of 60 160 and 68 cents.

and it opened this morning. had a low of 54.55 cents. How does this even happen? This is unbelievable. Uh, well.

it's Chinese E-commerce stock. It's a recent ipo. It makes zero fundamental sense for this stock to be at this price they've done. I think 2.9 million dollars in gross revenue this year.

Uh, in the previous six months last year. I want to say they did like seven million dollars in gross revenue, but that's before expenses in 2018. I think they did one million dollars in gross revenue and now they sold. I want to say like 29 20.

how many shares did they sell? I had. I had the link. I was reading through it last night, but now I I forgot. But um, I think they raised around 29 million dollars from their ipo which was priced at five dollars a share.

So they sold maybe five million shares. Now in hindsight, um, the this is. This is definitely disappointing when a company does a ipo even like Airbnb. Airbnb ipo'd at like 80 a share.

That's what they sold to the investors and then on the first day of trading, it was trading at 165 dollars a share. So you know what ended up happening. Sorry, um, a B and B. So you know what ended up happening is they left billions of dollars on the table by pricing the stock too low because investors are willing to pay more and so on a stock like Wnw.

To be honest, if you own this company, you know what the smart thing probably would be to do probably to sell all your shares because this is so overvalued right now it doesn't even make sense. Sell all your shares and take that profit and go start a new company because this company is not even. I don't even think they are operating at a at a profit. So what we know about the market is that the market is without question driven by emotion, fear, and greed.

Those are the two big emotions. Ygmz. Let's look at this. why Gmz right now is halted going up.

This had a low of day of 430 and is currently up over 100 percent. Now, I haven't traded this one today. I'm not going to trade all of them. I'm not going to catch all of them.

I'm going to do the best I can. And I caught Scps today. That was the one that I traded yesterday. I traded Wnw.

Uh, and this the move on Wnw yesterday. This one went all the way up to 105 a share after hours. So I traded at the Open and the reason I traded it yesterday at the Open was because this was a recent ipo breakout. So Joseph, who's maybe still in the room.

Joseph if you're there. He traded this on the ipo day right here and he said he bought 10 000 shares of it at i don't know somewhere right here. Before this halt. 10 000 shares it opened squeezed up to 1188, halted a second time, Open squeezed up to 13 and he sold after the second halt going up right in here and he locked up.

Almost fifty thousand dollars of profit on the day. Uh, I think he had two other stocks he traded. Now I traded it on the ipo day and I made a thousand bucks with 500 shares. I made two dollars a share and when I heard that, um, yes, so thank you Lucas.

So um, the underwriter purchased 1 million shares. Uh, and from selling the shareholder for so they purchased 1 million shares for 5 million dollars. So the underwriter of this ipo owns one million shares. Can you imagine owning one million shares of the stock at five at five dollars a share? Let's just let's just talk about when you own a million shares every dollar that it goes up, you make a million bucks.

This thing went from five dollars to a hundred and sixty dollars a share. Wow, Wow. That's all you can say as well. Um, unbelievable.

So uh, in any case, um so Joseph had this big trade on it back here and uh, I had the stock up on watch yesterday and I think I mentioned during my morning watch list yesterday I said you know if it can break the previous day's high That's the recent ipo breakout setup Because what we often see is when you have the first day of the ipo and it breaks that ipo high which is 1308, you get a big move and that's exactly what ended up happening. So obviously Warrior Pro students um, this is nothing new to you? You already? um, understand this? Uh, very well. let's see. Um, I don't wanna.

I'm gonna put this kind of like here. I don't wanna put the whole link there. so let me do a search. Uh, so recent.

oops, Recent ipo breakout? All right. So we're gonna. I'm just gonna pull up the slide a couple of slides here and just show you this. So the recent ipo breakout is a strategy that I've been trading um, for uh, several years now.

It's not new and we have so many examples of it. It's a there's a unique strategy around trades trading. Recent ipo breakouts? Uh, we had this one and I'll just move some of this. So we've got this one here.

Um, no, no, sorry, I'm over here. Okay, so parabolic momentum? Uh, on K Xin day one. So you know you've got this huge move here. you've got another one here.

These are this is the recent ipo breakout setup and um, when these go, when these go, they they make some huge moves. So anyways, um, I don't want to get into all that because that's mostly for warrior pro students. But what we had here was a break of the previous day's high And so when I looked at it, my initial thought was if it breaks the previous day high, we're gonna get a squeeze. And I was thinking about Yq and a couple of these other Chinese stocks and I was thinking all right, maybe we get a nice, uh, squeeze up to 14 15? You know, nothing crazy, but let's see what it does because the Yq stock broke the previous high of 12, went up to 13.

Then it did it again, went up to 1560 and you know it went up, you know, kept kind of going up a little higher. a little higher. So I was surprised no doubt when this one squeezed into a halt and then gapped up as much as it did yesterday. But it did give some nice opportunities early on on light volume and then gave an amazing opportunity into the close Right here.

And let's look at Glsi for inspiration because when I was watching this, I kept thinking about Glsi, the recent ipo breakout that we had on this one, and the afternoon move. It was very very similar. In fact, Glsi actually was not as strong. I mean this went up to 160 a share.

almost the same price. but then it came back down when today this morning actually and I'm just saying win because it's just easier to say it like that. Um, Anyways, this one, uh this morning surprisingly bounced here. halted once, twice, three times, four times, five times, six times in a row going up and it went from 60 to 160 a share.

Now it was on very light volume. I did take one trade on it and I made 12 000 bucks but I was very nervous and now it's halted going down. And what we know about stocks halting going down. This is a short strategy that when they hot going down they usually open lower and so I would look at this as a dip trade the same as you got to dip trade on it yesterday right here when it halted down once a second time and then bounced.

ten dollars a share off the low. However, we've got a snowstorm outside and I said I was gonna take my sun skiing today so I really do have to go and I can't hang around for very long so I may be leaving money on the table today, but I'm going to prioritize what's important in life today. So when. Very nice continuation here.

but I didn't really do. I took small trades on it. I bought like 200 shares at Uh I don't remember what it was 109 and I held into the squeeze higher. Those you guys who are Warrior Pro students um if you are interested and I'm sure many of you will, you will be um, more than welcome to watch my live trading archives for today's trades.

So let's look um so on this one right here. Just for instance. Um, on this trade here I was holding 9 000 shares long of Scps at 31.49 My Open P L is 46 000 on that trade, 46 000 Open P L and we ended up as you uh can see on that one getting a squeeze up to Uh on Scps just under fifty dollars a share at 48.. So this one was to me sympathy.

Momentum on the move on Wnw and pre-market had already started to open up a little bit. First pull back bought up, second pullback bought up and at the at the open I bought 1500 shares 1 500 shares. That was my fill and I was in at um let me go back and look at this. I was in at I believe it was exactly 21.

So let me just go look at this. Um yeah um I was in at exactly 21 on this one. So uh so there's my those are my that my orders. So I bought this at 21 1500 shares I tried to buy 4 500.

I only filled 1500. It immediately squeezed into a halt and was halted going up right here at 22.90 On the resumption I added on the resumption. I added again and right up here on that red candle. I sold everything.

I was afraid that it was going to um halt going down. This is the recording so I do have open orders there. I don't have any open orders in my live platform right here. Thank you though for that.

Uh just always good to double check and make sure you don't have open orders. So I got nervous here and I sold the whole thing. It then ended up continuing higher into another halt and a tap of 48. I took one more trade in that area and then I was done done with it.

So actually this one I didn't realize Um has already had already opened. I sort of stopped watching it so it looks like it came down. It halted going up it then has halted going down. So right now I mean I'm going to be honest, I am feeling fomo already about the possibility that it does something like that this afternoon and I'm like thinking you know you're up 138 000 Um maybe this is the day that I could be up 250 000.

yesterday I was up 179 000 and on my last trade I lost 35 grand. The last trade I lost 35 grand I went from up 179 back to 144 which was the same as where I was you know, two hours earlier. So it was like it wasn't worth it. Um, and I can't trade on my iphone, you know, while I'm sitting on a ski lift.

So not not this kind of stuff. So I really have to be here. Um, I think that I'm going to have to just accept the Fomo and be grateful for what I have and leave it to you guys to you know, trade as you wish through the day. But one thing I will say about both of these that is a risk factor is the risk of a T12 halt which would be a stock halted pending providing more information to the exchange because when you have recent ipos that make these types of moves without a clear news catalyst and given the financials of the company not really being able to substantiate these moves, it's concerning.

And so I think that that is a risk factor that I started to think about more. Uh as this got higher because when I was holding the 9 000 shares, you know the fact is 9 000. Oh my Gosh! Look at Ygmz Ygmz so you know guys, these are going to go with or without You Some many of them are going to go without me. Uh, and that's just the way it is.

You can jump on, you can jump on the train, or the train's going to leave without you. It's your call. Sometimes the train leaves without you and you know what? the best thing to do is to wait for the next one. You jump on a train that's already moving, you're going to lose your legs.

It's not worth it. So this is one that maybe it goes to. You know, Is it a somewhat recent ipo as well? It is. So you know what we're going to do.

We're going to grab a screenshot of this and we're gonna add it to the classes under recent ipo breakout. So recent ipo breakout strategy. So we're gonna have all five all four time frames here. so it's gonna be just like that and we're gonna save this and put this in a recent ipo breakout.

Recent ipo breakout. And this is Ygmz, So I like to have these. Um, you know. obviously I any opportunity to keep adding good content to the class I'm going to.

I'm going to take. I am going to be teaching. We've got summer school. Sorry, winter school That's going to start probably in January.

We just haven't announced the the start date yet. We'll see where we're sitting. Um, when it comes to. I suppose on enrollment.

When it comes to early January, we'll see how we do during the New Year's eve sales. We'll probably be telling reminding people we've got winter school starting and so. But anyways, Um, as I get ready to teach winter school, I want to make sure these classes are on point. So this is just an opportunity for me to get lots of good content When you have a market like this.

and of course the live trading archives you guys will really enjoy so those are, uh, those are for you. So at this point I was holding 275 shares at 105 dollars which is crazy because it ended up going to 160. My best exit. Uh, when it opened up here and I started seeing red I got out.

I hit the bid. I said all right, that's it and I only had 30 shares I was still holding, but I was holding them from 109 30 shares up almost 30 a share. So or whatever it was 50 a share. So anyways took that off the table and in this case I was right to take it off the table on Spcs.

I took it off the table on this red candle and it went higher and so I felt a little annoyed because I was like gosh darn it. If I'd had that full 9 000 shares all the way up to 48.49 that would have been about 170 thousand dollars in one trade. And um, you know it's it's we're in a market that is, no doubt. uh, driven by emotion.

And so when we have this level of Fomo in the market, right, I think the question is, um, how can we capitalize on that Fomo, which is certainly creating this high level of volatility without falling victim to it. You know what I mean. That's that's the thing that I'm concerned about, because if we fall victim to the Fomo, then that's when we're going to start doing stupid stuff. You're going to start buying something up here at 45 and holding and hoping and averaging down.

Now, my hope obviously for students is that as much as possible, you're able to learn my strategy. You're able to see from my own experiences, my own, my own ups, and certainly my own downs how I trade through these markets. But it is going to be up to you to be able to manage that risk and to be able to make good decisions. So you know, I encourage you guys to be trading a simulator before you ever trade with real money because it can be.

Um, it can certainly be very, very disheartening to see a stock like this and feel like you missed the whole thing. And then you're the one getting in really late and then you screw up the trade and then you see something like whatever it was Ygmz and you totally missed that And you buy that too late and you can just feel like you're constantly two steps out of line and that's something that you got to work on. So yeah, I don't know. Um, so although today I do feel like this would be a good day for me to probably stick around the whole day I am.

Again, I'm going to prioritize being a good dad and I'm gonna be taken off, but I'll be back here tomorrow as always and we'll see whether or not. I mean we'll just have to see what kind of action we have tomorrow. This is unbelievable. Um, it really is so.

But the the challenge, even for me, is not falling victim to Fomo. And last week so within the span of one week, I've had the biggest loss of my career which was on um, Gls, I lost 58 000 in one trade and now I've had two of my biggest winners of my career. over a hundred thousand dollars both on when and on. uh, Spcs.

It's not a coincidence that my biggest winner and biggest loser of my career are within four days of each other or trading days of each other. It is because of the extreme levels of volatility in the market, in the market and the extreme emotions that those bring out. And last week I had a couple days where I fell victim to Fomo. I gave in.

and this week I've been better at capitalizing on opportunities and easing off the throttle. Although again, like I said yesterday, I did lose 35 000 off the top. But generally my strategy is that I keep trading these until I have a loser. So you know, if I have a 10 or 20 percent loss of my day, then you know at that point I'm like, okay, that's fine, right? Because otherwise you never know really when to stop if you stop When I.

if I stopped when I was up only 119, then who knows, maybe I could have gotten to 200. But I went all the way up to 179 and I started to pull back and as soon as I started to pull back, I said, all right, that's it. I'm done. So Fomo.

Fear of missing out? It's an emotion that drives the market. It drives it not just on small caps, but on large caps too. We look at Tesla up, you know, 500 percent, 600 percent. This is, uh, looking for a move up to towards 700? It's it's not just small caps, it's it's the entire market and the overall market.

yesterday hitting, um, you know, gapping up and I guess we're right up at highs right now. It's pretty pretty wild, so you know, for those of you guys that want to learn, I'm happy to teach you. But you have to know that if you're thinking about learning how to trade, you've got to be pretty brave. That's why that's why I named this website.

Uh, Day Trade Warrior and then Warrior Trading. Because you've got to be a warrior. You got to be brave. You got to be a little crazy because you're fighting the market every single day.

And you know the majority of people that come in to battle this market are going walking out with their tail between their legs and they're really. You know they're they're they're gone. so the odds are against us. But that doesn't stop many of us from trying it each day and I keep trying it and I will keep trying it.

I'll keep coming back day after day after day. Um, you know, until I I suppose For me, until I don't have the uh, the energy to fight it anymore Because because every day that I come in, I have to be at peak performance. It's like being a professional athlete. I think in a way just because you can't come in, you just have to stay at the top of your game.

Otherwise you start slipping and you start making mistakes and that's it. So anyways, um, good job for those today. That did well. Joseph, I saw him put a hundred and eleven thousand dollars uh on his P L in the chat room.

That's amazing. Again, I would add my disclaimer that his results are not typical. neither are mine. They're not a guarantee of future results or anything that will be achieved by you.

We can't guarantee that you'll even make a dollar, But what we can do is we can teach you everything that we know about the market. Me and the other um, certainly the the junior moderators and other students that are part of the community. We'll teach you as a beginner trader we all try to give back to people there in the community and that knowledge can only help you in your pursuit to better understand the market and to learn how to trade. But it doesn't come without risk.

So you just got to know that you're right. Just like skiing. So I'm gonna go skiing. I'm gonna try not to get a concussion today and um, I'm gonna try not to let my hands get too cold because I'm gonna need these tomorrow and I hope that you guys all have a great rest of the day.

So thank you guys for today! Uh, congratulations to those that did well for those that sat on the sidelines the whole day, I give you a lot of credit for showing that restraint practice in the simulator and go back and watch the live trading archive of today and look at the places where I press the buy and sell button. Study it Warrior Pro students. It's an opportunity for you to learn my strategy more and more every time you watch those those of you on Facebook and Youtube you know I've had two really great days here. Uh, have not been running the morning show past 9 30? Just been running.

Uh, just been doing my trades for the Warrior pro students and I would encourage you guys if you haven't already joined the community to join us either as a starter or a pro student so you can watch me trading. But uh, if it's not the time, it's not the time. At least please hit that thumbs up on this video. So thank you guys and I'll see you all first thing tomorrow morning.

and I'm going to put up my disclaimer one last time in case you haven't already read it. Okay, see you guys tomorrow! You.