Warrior Trading Blog

+$40K in 5 Days! | Ross’ Trade Recap


What’s up everyone? All right, so here we are, Tuesday morning, $3,500 of profit, which means I am now up just about $40,000 on the month and it’s May 7th. So this is a great start. First week, one week, 40 grand. I can feel really good about that. This is the first month since sort of the beginning of the year where I got a really good start by getting this big cushion right in the first week. And from there it’s just always nice because the wind’s at my back. If I see some good opportunities, I’ve got a little profit cushion, take some risk. If I don’t, I don’t need to feel pressured overtrade. I could just sit back and wait for the good opportunities to come. Yesterday and today, BLIN, that was the big mover, just like ABIO from last week. And really right now I’m just kind of waiting for the next strong stock to pop up.

If we have a couple more opportunities like ABIO and BLIN this month, this could be a $100,000 a month. I mean, this really could come together very quickly. I’m, well, 40% of the way there, but with three weeks still left in the month. So as always, if you have questions or comments on the recap, leave them below. I’ll come back through an answer later this afternoon and I’ll see you guys all first thing tomorrow morning Live streaming 9:15 for a pre-market watch list.

All right, everyone. So we’re going to break down the trades from this morning and I’m going to finish the day in pretty good shape up $3,575.63, which is terrific. So a little bit above my daily goal of $2,000. Progress is being made and this is going to put me up just about 40 grand on the month, which is really, really nice. So in really good shape here on the month. Let’s see, $39,934. So really close to that 40 grand mark. And considering today is only May 7th, that’s an awesome start to the week. I mean, one weekend of May, almost $40,000 of profit. Obviously 40,000 a week would be $160,000 a month. I’m not going to set that expectation. That would be definitely a record breaker month for me, but I should easily be able to get into the 60s or 70s as long as we continue to have at least decent trade. Even if I go just down to a $1,500 a day average, I should still be able to get another 30 grand out of the month.

So that’s nice. It’s always nice when you get a big cushion at the beginning of the month and we got that, BLIN, yesterday and today almost $20,000 of total profit from this stock, which is pretty good. Right now it’s starting to rollover. So this morning, this was the one that I was focusing on. It was on our gap scanner gapping up 45%. When the bell was ringing, it was up, let’s see on… How much volume was it? Let me just fix this. Let’s go to timeframe, historical date, and do 9:25 AM volume. Pre-market was 1.45 million shares and it was right around $8.80. So this was what we were looking at pre-market.

And as soon as the bell rang, I tried to do a scalp. I tried to jump in right away expecting that this break here over 919, 920 would give us a quick move up to the pre-market highs of 968. Unfortunately, that didn’t really happen. It tapped 941 then pulled back and then ripped back up to 944, then pulled back. And then right here, it ripped up and hit a high of $10.10. So it kind of like had a couple of tries, didn’t really go and finally it went and gave us that breakout. So it could have been a little cleaner, a little smoother. But in any case, it still did pretty well on it.

So right out of the gates, my first trade was 9:10, 9:13, 9:19 trying to scalp, expecting an immediate break of the half dollar. A half dollar was my target, had some resistance, had to sell half of my position or so right around 33, sold more around 26, 25, added back at 17. Scalped it again, made a little bit of profit, got one loss right here, where I lost $400. I went from being up 1800 on the day to being up only about 1350. And then I got back in right here and got myself from up 1350 to up 2600, 2800, 2900, 3500. And then I had a loss right here and lost another $400. So I was up only about 3000 and then I got back in to scout the break of 10 and made back that 500, so finishing pretty much at high a day of 3500. I was up about 3600 for a moment. But in any case, captured the profit, did my job, green is good and I’m happy with that and that’s it.

So my day, pretty much today, was done by 9:40. I traded for 10 minutes, 10 minutes of trading $3,575.63 cents of profit. I really can’t complain about that at all. And a couple of other stocks were on the scans. RTT, didn’t really have high expectations for this one, a little too cheap. ARCI, I saw some of you guys trade it. I sat and waited on it. It did end up giving a little bit of a breakout right here, but I missed it or I hesitated. JVA hit the scans popping up, not really holding very well. It’s kind of flagging now, but I think I’m just going to take the easy money. The reality is for me at this point with BLIN rolling over, I think this is going to cast a little bit of a shadow on momentum and the reality is this is also very similar to what ABIO did on day two. ABIO on day two, big gap up, continuation, and then rolled over and sold off the rest of the day.

So I think that’s why we saw a lot of sellers aligned up on the level two, maybe trying to take short positions or take profit on this one. It just didn’t hold up as well as I would have liked it to have. So, in any case, today’s not going to be a home run day like yesterday, but hey, 3500 a day is terrific. So two back to back, really solid green days. That’s really nice. Especially after last Friday I only made $160. So last Friday was a pretty slow day, but this week, back in the driver’s seat, doing pretty well, and just growing that account. So I’m sitting right now up about $192,000 on the year, which is pretty good. It’s a little behind where I would like to be. I’m currently tracking for $493,000 of profit this year, so I’m tracking a little below my $500,000 goal.

And the way I adjust this is I calculate 230 trading days in the year. We currently have 85 days gone so that means we’ve got 145 days remaining. So I take my profit from the last 85 days, or just 192,000. And then for the next 145 days, I’m just using last year’s average of $200,119. So if I just maintained last year’s average for the rest of this year, that’ll put me at right around 490… actually 491,000. I just changed, up to 85 days. So I’m tracking a little below my average, but this year I’ve been averaging $200,266. So my average has been a little bit higher.

Dave, the reason I use 230… I had last year, 236 days of trading and the remaining 14 days or so ended up being days I was either out sick, or vacation, or something like that. So yeah, it’s closer to 250 trading days in the year, but I take some of those away. And so of course, if I don’t end up taking as many days off this year, then that’s that much extra profit, I guess. But, in any case, yeah. So that’s kind of how I’m projecting my 2019 goals right now, but I could have a blowout amazing month in November and December and make 160 grand in two weeks. Well, maybe not two weeks, but definitely in two months or I could have the month of August where the market is dead, it’s slow, and I only make $5,000, and then that puts me behind.

So at the end of the day, it’s just kind of a approximation. I don’t know for sure where I’ll land, but, hey, $192,000 so far as of May 7th is not bad considering I’m only doing this for like an hour a day, 9:30 to 10:30. It’s 10:34 right now and I’m done for the day. So a solid day here of momentum. Hopefully we’ll see it continue through the rest of this week and really see what we can do in the month of May. Who knows? Maybe this will end up being a $100,000 month. I mean, it’s certainly got the potential if we have a couple more stocks like BLIN. We have one more this week, one more next week, one more the week after. Well, that’s going to set us up really, really well.

So I was really glad to see how well so many of you guys have been doing on these big Momo stocks. We’ve found some surveys and it’s been right around 80 to 85% of the students who have taken the trades have been profitable. So that’s what I love to see. Every day when I’m doing my recap, I’m talking about how much I made, but I don’t want to lose sight of how much you guys are making. So give me a shout out of how much you made today on BLIN those of you guys in the room. I’ll call it out here.

Alex, profits here today, $192,000, approximately 193. So I saw John made 3000. There’s Jeremy with 4400. Well let me just put this up on screen share. Some nice trades here. So let’s see. Let me just scroll up. So where was this? So Peter 2285, 742, Jimmy Rod, 590, 312, Adrian 450. Steve, nice. That’s really good. Good job guys. 5,000, Ken. Good work, being a little aggressive. Joseph, 6,800, 2,500 Will, minus 1200 Ivan, so got to tighten up the trades there. Minus 54, minus 20, plus 200, plus 250, 93, 700, 2,000, 10,000 in the simulator. So a lot of you guys are doing pretty well. A couple of red trades in there, not surprising.

This is a volatile stock and a lot of you guys, I’m sure, are still practicing in the same, trying to tighten things up, but the goal is just to always keep improving, try to continue to be a better trader. And if you didn’t trade this one as well as you would’ve liked to have, go back tonight, rewatch, look at the stock, look at the patterns. Where did you get in? What did you do right? What did you do wrong? And just really try to break it down. So anyways, good job those of you who are profitable. Anywhere between 80 and 85% is great. That puts you guys at eight times the likelihood of being profitable versus traders just on the overall market out there. Day traders, only 10% are profitable. So you guys are above the average by quite a bit, which means we’re doing our job.

All right. So anyways, that’s about it for me. It’ll be a shorter recap today. Only stock was BLIN, $3,500 and I was done by 9:40. So I will see you guys all first thing tomorrow morning, right around 9:15 for our pre-market analysis. Hopefully we have a good gap scanner and we can continue this… a little hot streak that we’re on here for the month of May. Let’s see. I had a day on Friday, made only $160, but since my last red day… well, I guess I was red on the last day of the month. So yeah, since my last red day, I’ve made about 40 grand, which is a really nice green streak. Before that, my last red day, I had a green streak of about… well, it looks like it was only about $12,000. So this is a really nice little stretch we’re on here and see if we can just keep it going. All right everyone, I’ll see you all first thing tomorrow morning.

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