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Warrior Trading Blog

First Day Back -$4K | Ross’ Trade Recap

Ross_7.15

What’s up everyone? All right. So, I’m finally back in my office after three weeks away and here’s something that’s really crazy. When I left three weeks ago, I locked the door behind me forgetting that I was the only one with a key and I locked my entire staff in the office. They’ve been stuck in the office for the last three weeks. You can’t imagine how excited they were to see me out there this morning.

 

Well, check out the video that they made while they were locked in the office over the last three weeks.

Now, as far as today goes, unfortunately, red day recap. Finishing the day red, two back to back red days. Like I always say, the winners and the losers, they always get clusters together. So, you know, a little bit of a pull back here the last two days but that’s okay, that’s part of training. I’ll bounce back, be back at it first thing tomorrow morning and remember. Tomorrow, 1:00 pm Eastern, I’m hosting a free workshop. Check out the link below to sign up and register for it. It’s going to be a lot of fun, so I’ll see you guys there, first thing tomorrow morning for the watch list and then 1:00 pm Eastern for our workshop.

All right everyone, so we’re going to do our mid day recap from the trades from this morning. Today’s going to be my second consecutive red day which is disappointing. Never like having two red days in a row, especially when we have such a big move on a stock like CAPR, it’s up 159% right now. But as you can see, out of the gates, if we go back to the one minute chart, it was a little choppy and the one really good entry, I missed it, which is so disappointing. But that’s they way it sometimes is. So my net on CAPR, it’s only down 350 bucks.

My first trade was actually right in the first one minute here, buying as it broke below seven, buying seven. It squeezed up to 734, I didn’t sell, I was hoping to see it break over 735 and I got stopped out when it dropped back down with $750 of profit. A little bit of profit on that first trade.

I then was watching get back in for the break of seven, I missed it. It squeezed all the way up to a high of 844, it pulled back and I bought during this pull back for the first one minute [inaudible 00:02:16] to make a new high, and lost the 750 that I made, plus another $350. I went into the red as it did a false breakout.

I did not get back in it as of yet as it’s been crawling back up. Something to keep an eye on but of course, 22 million shares of volume, fairly crowded, level two becomes harder to read, gets a little bit choppier. The high on it now is 85. Nice to see that momentum but a little disappointing that I wasn’t able to capitalize on it a little bit better.

CEI, this one wasn’t something I was watching super closely but I did take a stab at it on the one minute chart. It squeezed up to a high of 450 right around 453, it then pulled back and on this one, very similar, I got stopped out trying to do first one minute [inaudible 00:03:13] high, which was right here. Looking for a retest a high a day and that one failed just instantly. I mean, it just instantly dropped back down and I stopped out right here before it went lower. That was disappointing.

And then LIFE was a stock I jumped in off the high of the day momentum scanner, it got halted. I bought out of the halt right up here and it just obviously completely failed and I lost 2 grand on that. Not with full size, so I didn’t go full in on it because I knew the risk was there but recent reverse split starting to squeeze up a lot so we’re into the 200. Sometimes those end up working and giving us some really nice surprise momentum but today was not the day.

Unfortunately, three stocks I read on, not really the way I was hoping to start the week back here in my office but it’s just the way it goes and I’m not going to get bent out of shape over it.

Couple of red days here but again, it’s been a great month so far. I’m sitting up, well, I was up about 26 or 7000 on the month. Now as of today after these last two red days, I’ll be up about 17000, 15 to 17000.

A little bit of a setback but we’re coming into a slower time of year in August the market sometimes slows down and if you could be profitable during this time of the year, you can pretty much be profitable year round. I made money last month. I’ll make money again this month, these probably aren’t going to months where I’m hitting my 75, $85000, really good month type of numbers. But if I can hit 25, 35, or maybe my $40000 target, that would be terrific and I’m still on track to do it. I need to have a good rest of this week and a good week next week, but there’s no reason I shouldn’t be able to get back towards 30, 40000 on the month.

That’s kind of what I’m looking at for the month of July. In order to see that, we’ll need to see stocks, like CAPR, hold up a little bit better in the first hour because the bell rang, it squeezed up, but then it came all the way back down and was making new lows. It’s very disappointing when stocks fail like that but then of course, breaking over the View app and squeezing back to high of day, now momentum is back to the buy side. Little bit of trickiness here on CAPR today.

CEI, well, that’s one’s really just not doing a whole lot right now. Although, all things considered, it is consolidating sideways and around the View app, so you never know. Maybe this one will end up opening up later.

But overall, today, I got myself on the wrong side of pretty much I was looking at. A little bit of a setback but be back at it first thing tomorrow morning and again, reminder, tomorrow 1 pm, I’m going to be hosting a free workshop so would love for you guys to register who are interested in learning a little bit more about what we’re doing every single day as day traders.

All right, so that’s coming up tomorrow and I will see you guys all first thing bright and early, around 9:15 for our pre market analysis. All right. See you guys in the morning.

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