What's up everyone? All right? So here we are finishing: Thursday morning up three thousand dollars. two back-to-back green days. so you know I'm still digging my way out of the hole little by little, I was down as much as 12,000 on the month at the very lows. and now I'm sitting down right about five thousand or maybe six where I think it's around five thousand, so that's good.

You know my goal for the end of the week was hopefully to be all the way out of the hole. That's not gonna happen unless I make five thousand tomorrow. it's possible. but I'm not gonna set that as my expectation.

so I'll probably be all the way out of the hole by early next week and then I can focus on making August a green month. Really, the bar is set pretty low since historically August is one of my worst months of the year and last year I only made about $5,000 in the month of August. So if I even make 5,000 I've actually done better than last year. so the bar is set low.

Having said that, in order for me to hit my $600,000 profit target for the year, I really needed to make closer to 50,000 this month. so you know I'm definitely behind that goal. But even if I finish the year with maybe only 500,000 you know that's still really, really good and you never know what the rest of the year is gonna hold. I mean we might have an incredible month of October where I make $120,000 and just like that, it totally makes up for The month of August.

So I'm not gonna beat myself up or get too stressed out about you know, this kind of goal that I've set for myself. If I do that, it could almost do me more harm than good. So yes, I have goals. They're aggressive.

Hopefully I'll hit them. but just the way it goes. And we were talking about this more in the recaps the other day. You know, on the Tour de France you don't have the same time for every leg.

You know, if you're going through the mountains, obviously your pace is gonna be a lot slower than if you're going downhill or you're on a flat. And it's the same with trading. You know, if you're in a really hard month and difficult market, things are choppy, you're not gonna be able to make as much as in a month where everything is working, momentum is hot, and stocks are going crazy, so it's just all about. You know, at the end of the day, are you making progress? and I'm competitive with myself? So I'm already doing better.

Much better than I was last year at this time I'm still right around 350 360 thousand on the year and I finished last year with around 380 thousand. So if I make another thirty thousand dollars, I'll have made more than I made all of last year and I'll probably hit that market in September. So anything I make in October November and December is just extra profit versus 2017. So you know that's kind of where we're at right now.

and we'll break down the two trades for today in today's midday agro recap. All right everyone. So we're gonna break down the trades from today. another green day up three thousand eighty five dollars and 73 cents I Only took two trades this morning I did not over trade yesterday I might have over traded a little bit, took a lot of trade yesterday, but today only two trades so that's good for Commission's and I'm happy with that.

So a $3,300 winner and a $260 loser gives me a net of three thousand eighty five dollars on the day. that is eight thousand dollars in the last three days of trading. So I am digging myself out of the hole. But you know what? I was quick to do today I Was quick to shut it down because I recognized that we were starting to see an invasion of the Bears And here's something that's really important: guys: Don't feed the Bears Don't do it.

Don't feed the Bears When you see him coming in, get away, leave, walk away. I Walked away fast today. Alright, so the basically what we started to see was this shift where the very first stock that I traded CTX our this was good I mean it was a nice move, but it rolled over hard. It did not hold up well at all.

So on this one I jumped in basically right out of the gates. there was some news on it. You can see that it was a gapper. It was moving higher and so I jumped in it at two dollars and fifty cents.

Now when you're looking at this on the one minute time frame, it's It's almost hard to tell you know exactly where the right entry would have been. So let me sort of break this down. Okay, now we've had traders that ask me they're like Ross why are you showing us ten-second charts? Are you trading on a 10-second chart and the answer is no I don't use a 10-second chart when I'm trading I only use it during the day kind of like during these recaps to show you what I was seeing because when I look at this chart I can tell there was a one-minute micro pullback right here, but a lot of you guys might not be able to realize that. so I want to break down this one-minute candle these two minutes of time to show you what I was seeing there.

So that's why I go down to a ten-second chart I Could go to a 30-second or something like that, but 10 seconds seems better. All right. So this is what I was seeing. this right here as we zoom in is a bull flag right there.

All right. So for all of you guys that are in our classes, right? we're talking about the bull flag the first. The couple of green candles surging up, couple candles, a pullback first candle to make a new high right? There is the bull flag resolving. so on this one.

I had my order up and ready to go to jump in as soon as I saw the first candle to make a new high and I got in with 3000 shares at 44 and 3000 shares at 60 which gave me an average of two dollars and 51 cents. So I'm in this at two dollars and 51 cents with 6,000 shares. It then squeezes up to a high of 78 and does another momentary pullback. See that little pullback there that for me was an opportunity to add.

So I added 5,000 shares at 281 and then I sold at 303 302 and I tried to add back on a scalp and for some reason my order I don't know it didn't get filled. I'm not sure what happened there, but let's see where is that? Yeah, I don't know what what happened there or why some of these say I must have been putting out too many orders and go in crossing my orders or something. But anyways I stopped out of the rest of it as it came back down at 270 and then the last 300 shares at 214. So the fact that it sold off this hard for me was obviously not good at all.

That concerned me and it disappointed me. So at that point I was like okay guys, this is really similar to what we saw yesterday on Idra yesterday on Idra I jump in this stock at 650 right here and it pops up to a high of 665 and then it drops down here and I lost $3,000 on it. It was not clean at all. So when I saw that on CT rx I was like kind of disappointed I realized that and you know we weren't seeing very.

it wasn't CTR X it was CT XR when when I saw this move here I was just like alright. this is disappointing. It's not holding up very well. This may be an indicator that it's time to slow down a little bit.

So I made with 11,000 shares, 30 cents per share? excuse me So $3,300 which is great so I was happy with that. That's a good trade now. We started watching the scanners and the stock that we were watching this morning. The most closely was KBS F Kb SF was gapping up more than 50% this morning.

That is a huge gap, but it didn't trade it. Well, let's look at the chart of KBS F'n and you'll see why. As soon as the bell rang, this thing sold off. had a high pre-market of nine dollars and it's currently at five dollars.

It's down almost 50% versus the high. So we'd already talked about this pre market, but for those of you that didn't see it, we'll talk about it now. So KBS F is the leading gap or typically I'd be all over this one right? This is a stock I would typically buy but it in traded today I Looked at the news this morning and I saw that there was no headline right here. so I was like okay, that's a little strange I need to do a little you know, dual due diligence here and figure out why is this stock up as much as it is.

So I go over to SEC Gov and pull this up for you guys right now so we could do this together. So I go to SCC Gov I see this nice lady on her telephone and like, all right, that's cool. So I go down a couple company filings right here and I search KB SF Alright, so KB SF and I want to include ownership so I searched again with ownership highlighted and I see a 13 D filing. so I click it in a new tab and I see I was saying Allianz earlier today cuz Allianz is a is a life insurance company I think this is actually pronounced Alliance but in any case I saw this company name and I was like oh that's familiar why is that familiar and I'm trying to think for a second and so I'm like huh? that seems familiar So let me Google them at Google the company and let's see polygons trading.

Let's see our Alliance trading and here it is right here: I scroll down and I Remember this is another company kind of like Sure trader that allows you to trade with no PDT restrictions you have. You don't have any PDT levels with them and they are in Jamaica All right. So Alliance Investment Management Limited So I see this and I'm like okay alright now I see what's going on So this looks very very similar to me to what we were seeing Oh am I pronouncing it right? Okay, there we go. So anyways, um, this looks very familiar to me to what we were seeing a couple weeks ago on Awx.

Alright, so I look at this and I see Okay, they've bought common stock right here and it shows that they bought I believe one hundred and ninety five thousand shares. So it's a pretty big position. And remember guys, this is what happened on Awx. We looked at a WX The thing that's different about a WX is that a WX was squeezing up for like four days in a row.

and then on this day right here after hours, we got the headline that min Brokerage Orman Broker International had bought. it was like two million shares or something like that. So that was on a WX We can go back to that. We can just search that one for a second.

So a WX All right. So let's it will include. search again again. You know you guys have the benefit of not having to do all this stuff because I Kind of do a lot of this research in advance.

So we see the company filing here. Primary Doc: This one's available as an actual doc. 1.9 million shares bought my mid mid broker I mean broker is a familiar name of course because that's the the company that owns sure Trader right here. you can see at the bottom and broker.

they give you this like air or whatever this you IP thing. but you can see Mint Broker International all right. So we saw them. you know, alert or announce the form.

three filings. They taken this big position right here. the next day it hits a high twenty dollars and then sells off. So a lot traders were like this is a short.

it's a total short. Mint ended up selling their position over the next couple days so they're all out now. They did something really similar on GBR Gbr was strong and then all of a sudden we have this form three filings. They've taken this big position.

it was like seven hundred thousand shares. It squeezes up and then the next day they sold and it comes back down or maybe two days later. So when I saw this on KBS F what I knew is that both on Awx and on GB are Once this filing was out, it was like you know the stock drops and I guess it's because well it because Gbr failed G are sold off so much and MT SL was another one that also sold off so much. So now people are like okay, this is the pattern.

Once that filing comes out, the stock drops, people start to short it and so it happened really bad with a WX and look what happened with KBS f people are like yep, this looks like the same thing and look at that drop that is so bad it's so ugly. So because I saw the news early on I was like nope I don't trust this. This is gonna be really kind of too risky and the reality is even if I wanted to trade it, I was like, you know what? I don't know what that company is planning on doing with the stock, they might hold it for weeks or months, you know, mid broker they were selling the stock a few days later. but we don't know this company might hold the stock for.

you know I mean we honestly have No, we have no idea. It's only you can only speculate. So until we see another filing for for KBS f we don't know whether or not they're they sold it today or they're still holding it. But right here I was like you know, initially, I'm interested if it breaks over 890, you know, what? Maybe maybe this thing will go.

Maybe it will. So I have a long bias above 890 and basically below the low of that. Pull back a short bias and it ends up dropping pre market. the bell rings and it sells off hard.

It does a bear flag right there and then goes lower. And of course I didn't have shares available to short it? probably nobody did. I mean only a small handful of traders did. So you know.

Congrats for those you that took the short on those bear flags, you know I'm sure those are easy trades and nice winters, but yeah, it just wasn't something I could do. So it's kind of a bummer when something is such an obvious short. You know on that Bear Flag and on that Bear Flag shorting it 650 I mean it's a nice drop. They're down to 612, but you know it is what it is.

That's one of the challenges with being a short seller. Is you just? you're limited to availability of shares to borrow, So that's the reason I didn't trade Kay BSF You know we'll find out. I guess in the next few weeks or whatever what's gonna happen if we'll see more filings out or if that company is gonna hold their shares for a while. and I don't know, it doesn't list the price that they got in at at least I didn't see it listed and actually let me just look at this.

did you do I just wanted to see if this had a date on it so that was 8.6 percent of the float I Just want to see if there was a so this is July 2nd. so that's actually really interesting. this was this was signed on July 2nd. So what that tells us is that they got in way back here.

Ok so and that's I don't even really see how. Honestly that's confusing because I don't see any volume for that type position on those days, but maybe it was accumulated over a period of a week or something I really don't know I'm not even sure. but yeah, kind of just interesting. Who knows what their plan is.

You know it's not uncommon that you've seen companies or individuals take majority stakes of a company. and one of the reasons like I said this pre market if I won Warrior Training To go public. One of the ways that you could do it is by buying a publicly traded company at a really low price as I mean you'd buy it as low as you could. and then you do this merger where you merge the two companies and then you do a name change and just basically you know through all that paperwork Warrior Trading is now you know publicly traded company.

Generally when people do that, they do it on like penny stocks like you know. HMN Why type of stock? Because it's so much cheaper? Obviously there's no reason to do it on a company that actually still owns like offices and is do stuff but so you never know. I mean that could have been a motivation or could be a plan, but it's It's hard to say. it really depends on the price and so seven I mean what was the thing? It was one hundred ninety five thousand shares.

It's only eight percent. That's not enough to to take over the company. So I don't know, it's it's hard to say. but anyways, it's all speculation.

Don't really know what's gonna happen there. You just trade the patterns and the patterns here on this one. We're no good. but understanding the fundamental catalyst here was important because I think it did help you potentially avoid jumping into something that really was pretty weak.

So anyway, so that was the trade there. and then IDSA that one hits the scanners and I jumped in it. Three thousand shares took small-size It pops up to a high I Got in right here, pops up to a high of 69 and immediately drops back down to 47. So I stopped out.

It was doing a little bit of a pull pull back kind of flag pattern. there. it was a five minute flag but it didn't hold up so stopped out. Only three thousand shares.

Lost eight cents or nine cents 260 bucks. Not a big deal if it had worked I would have added three thousand over seventy five. I might have added another six thousand over ninety and then gotten myself to twelve thousand shares. but not until I'm already up fifteen twenty thirty cents a share and at that point I'm in the driver's seat.

All right. So that's about it for me today, you know. Green Day Three thousand dollars I'm up eight thousand in the last three days, so that feels good. Momentum is.

you know, coming back a little bit for me yesterday certainly could have been a better day, but you know, had a couple bigger losses. But you know, in any case, digging my way out of the hole I'm still down about five thousand on the month, and you know I I was hoping to be able to recover most of those losses here by the first by the end of the first week. Not quite there yet, so it's probably going to continue into next week trying to dig myself out. But that's all right, you know I seem to like a challenge, so that's my goal right now.

Get myself out of the hole, get myself into the green. If I can finish the month up 20,000 bucks, $25,000 I'd be happy with that. That would be pretty nice. If I can do a little bit better, that'd be great, but you know 25,000 would be a good start.

So anyways, um, you know we'll just see what the market is willing to give us trade. the market we're in, not the market you want to be in. That's what we'll say again and again. So that's it for me today and we'll be back at it first thing tomorrow morning.

All of the Warrior Pro students join me over in the classes at noon time, so in about 20 minutes, we'll get started here with the rest of the classes. All right. So I'll see you guys in class 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.