Warrior Trading Blog

+$8,444.03 Today And $55,644.24 In The Last 10 days!

10 days

+$8,444.03 Today And $55,644.24 In The Last 10 days!


What’s up everyone? All right. Today’s the 10th training day of 2018. I’m finishing the morning up $8,444.03. This is crazy. We are seeing incredible momentum. The January effect is in full force. We are seeing opportunities after opportunities I mean it is just incredible. On Friday, I made $9,000.00. On Thursday, last Thursday I made $8,000.00. In the last three trading days I’ve made over $25,000.00, which puts me up $55,000.00 on the month, $55,000.00 on the year. That’s a great start. I am really happy about that. You guys can see in the background here this is my sort of portable trading station. Now, a lot of the stuff that you see here is because I’m trying to run the chatroom, all those computers up there, those are for running the chatroom. These ones here are just for my own trading, and I’ve got a third one right over here that I use for my own trading, as well.

This is kind of an elaborate setup, but what I’m going to do later in the week is walk you guys through my traveling trading station, my portable trading station. On Friday, I made my way down to Southern California from Sacramento, and I made this plan that after my last meeting on Friday I would drive down here to Santa Barbara. I didn’t realize, number one, there’d be a lot of traffic in the bay area, so it ended up being a seven hour drive, and I left at 5:00 p.m., which was after my last meeting. Now, keep in mind that’s 5:00 p.m. PST, eastern, that’s 8:00 p.m., so I basically left at 8:00 p.m. eastern for a seven hour car ride, and as you can imagine I was pretty exhausted, 45 minutes into the drive I started yawning, and I was thinking to myself, this is crazy, I don’t know if I’m going to make it, but I made it down here.

Santa Barbara is beautiful. It’s warm, and this is going to be my home for the next four or five days, and then I’m going to head back to the east coast, this weekend. I’ll give you guys a little bit of a tour of the Santa Barbara area in some of these intro videos, and midday recaps, so you guys can get a sense of what it’s like to be here, trade here, hang out here. It’s warm. It’s beautiful. It’s definitely a nice relief from the cold weather we’re having back east. All right. Before we get into a midday market recap, let’s roll an intro …

All right. First day of trading here from Santa Barbara, and it’s definitely this morning, you know, not my home set up, not what I’m used to. I got everything, my whole trading station setup last night, so I knew it would be ready to go, but then of course 5:30 a.m. comes very early, and when I sat down to get everything connected then I couldn’t connect to the internet, and then finally I got connected to hotel wifi, and it was less than one megabit, per second. It was 300 whatever it is kilobits, per second. It was extremely slow. I have no idea why. I mean, I’m on the same internet now that’s back up to 20 megabits per second, so for whatever reason it just was slow this morning, and it was at 5:30, so I mean, it’s not like there would have been a lot of people on the network, but it was kind of a little bit of a slow start.

On my first couple trades, I was able to see the charts, and I could see the level two, but there was definitely lag between my order entry, and actually seeing that the order was getting filled. You know, I hate trading like that, because it increases the risk, because if I’m in a trade and all of a sudden it starts dropping, I might not be able to see it very well. My hotkeys for bailing out may not execute, because they’re a .05 cent offset, but by the time I’m seeing the quote it might already be .05 cents lower, so I have to keep pressing orders. Unfortunately, that didn’t happen to be a problem this morning, even though I was working with sort of a slower connection, I went easy on my first trade, which was on ARCON. Obviously today’s a great day, up $8,444.03. Fantastic trading. Not just fantastic trading on my part, just fantastic opportunities, we’re in a market right now where we’re seeing these huge opportunities every single day.

ACRON news was out pre-market, you can see pre-market it spiked up to a high of $3.00, so let’s pull this back and look at the one minute chart. On this one, let’s see, slide this over just a little bit, and zoom it in, so on this one, I was watching it pre-market, I had two that I was watching pre-market. I was watching I-Z-E-A and ARCON. I-Z-E-A ended up not working out, I’ll show you that one in a second. I didn’t take any trades on it because it never gave me a trigger. It never gave me an entry opportunity.

But ARCON popped up pre-market, hit a high of 296, and then it pulled back, consolidation, so as soon as the bell rang this was the one that I was watching. The news out this morning was related to blockchain, so crypto currency sympathy, and you can see I jumped in, I tried to get in at 78, I didn’t get it filled. I then got in at 282, so I pressed it once, no fill, canceled the order, pressed the hotkey a second time got in at 282. 2500 shares. I went a little easier on the size, selling it at 311, for 750 bucks. First trade 2500 shares, at .30 cents, really solid, nice, easy trade.

Once I saw that this thing was really strong it pulled back on this second candle that went red, pulled back to 272, is it curled back up? On that one I jumped in with 7500 shares at 295, and 299, and sold it for .20 cents profit at 219 and 218. Boom. 1500 bucks. Just like that I’m up $2,250.00 on the day, two minutes into the day. Right. Those were my first two trades. Now, on ARCON I let it pull back a little bit, and I got back in at 322, selling it 328. This was a small trade, not a big winner, not a big size. I let it pull back a little bit, it ended up squeezing all the way up to 550, I mean, it really took off without me, so what I saw, you can see, here, on this consolidation I was watching it for the first five minute candle to make a new high, but I was a little hesitant because it did pull back quite a bit right here.

It pulled back, and then it started to open up, as you can see it opens up, it squeezes up to 300, 320, and right in this sort of range between $3.00 and $3.20 it was a little bit choppy. When I say choppy I mean it was hitting a high, big upper wick to 322, dropping down to 294, so it sort of bouncing around in this area for about seven or eight minutes and I said, you know, it’s worth keeping on watch to see if it breaks out of this range, right now it’s choppy. I would watch it over 225, maybe over 230. It ends up breaking that level, 230, or sorry 330, squeezing up to 350, 357, 378, and then it does a one minute micro pullback.

At this point I was watching the one minute micro pullback, but here was my problem, I’m waiting for the first candle to make a new high, so this candle closed with the high of 373, and this candle opened at 373, so it was one of those times where you didn’t really get, the candle really didn’t break the new high, it sort of closed, and then reopened at the high. It was kind of a funny little break there, even though it was a nice one minute micro pullback. It just, for me, I felt like, it wasn’t a clean set up.

Anyways, I hesitated on that one. It ends up squeezing all the way up to 409, it hits 409 and so my next entry on this, oh, sorry, this was E-L-T-K. I’ll show you that one in a second. My next entry on ARCON was at 416, or actually, I guess I have a couple trades in this area. A trade at 275, 278, a couple scalp trades, those weren’t, those were okay, but the really good trade was right here at 415, and 416. I bought, right here on this pullback, so let’s just mark the high here. All right. The high was 423. I bought right there and boom it squeezed right up to $5.00. I’m selling into the strength at 35, 40 and at high, just under the high at 494, so that was really pretty solid there.

All right. I think I lost my connection, but it should be reconnecting now. Anyways, on that trade right there getting back in at 416, selling through the highs, I was up almost a $1.00 per share on my last shares that I was holding. That was really solid. That put me total up $6,191.00 on ARCON, so really solid, good trading on that one. That was a fun stock to trade this morning. It just ended up being really, really clean. All right. The couple of trades I took in between, those setups on ARCON were on L-B-I-X, which hit our scanners, so it hits the scanner, I jumped in at, let’s see, 209. It was long at 209, sold half at 220, and sold the rest break even. You can see here on this chart it did not hold up well, at all. It tapped a high of 230, and then it dropped back down.

Let’s see, I’m going to have to reconnect my Facebook feed. I’ll just do that on Facebook live later. Anyways, let me just scroll up here. L-B-I-X in at 209, 210, sold at 220, and 209, so small win on that one. Then E-L-T-K, this one I think I was a little too aggressive on it. I thought it would be a little stronger than it was. I got in it at the half dollar of 550, and it ended up tapping a high of 595, I sold it for 594, and 587. It just didn’t really hold up. It didn’t hold that level very well, so I ended up selling some and then stopping as it came back down. It wasn’t very clean. Or actually, no, I sold all of it at 94 and 87.

Yeah. Actually, no, the last fill was at 57 and 40, so it was just kind of a choppy one, it wasn’t clean, it didn’t hold up very well. A little disappointing on that, but I think it was worth a stab given the momentum we were seeing on ARCON, and given the fact that E-L-T-K had a nice daily chart the way that it was kind of curling up here, over $6.00 you can see I had room all the way back up to nine. It is a former runner, so sockets had a history of making these types of big moves. Anyways, today was one of those days where I traded three stocks, I’m green on all three. I took about seven trades, and I was green on all seven trades.

My average winners today were .21 cents per share. You know, it just goes to show that you don’t need to hit .50 cents, .60 cents, .70 cent winners in order to be profitable, if you keep capturing .10 cents, here, .20 cents here, and then you do have a couple of trades that end up going up .30, .40 cents, it brings up your average and you end up doing really, really well. I’m definitely feeling good about today’s trading, and I’m looking forward to tomorrow, hopefully we’ll continue to see really good momentum, and be able to capitalize on these opportunities.

One of the things that I say to myself is that right now is an opportunity, and I want to really make the most of it because I know that there will be a period and it may be a month from now, it may be two months from now where things get slow, and I’ll be lucky to be able to make $500.00 a day. The reality is being profitable, the only difference between 500 a day and 5,000 a day ultimately is your share size. If I can consistently make 5,000 a day, or 500 a day I should be able to make 5,000, but there will be a point, at some point in the market, here, where things slow down, and it will be difficult to even be green. Even making $500.00 will be hard. I’ll have to remember that all of these big winners are going to have to sort of tide me over during that slow phase.

I don’t want to have the expectation that I’m going to average $5,000.00 a day for the entire year. If I did that, I would be tripling my gains from 2017, and I don’t think that’s at all a realistic expectation. All right. Just FYI on that, and just a reminder to try to make the most of these opportunities. Right now, we’re enjoying the January effect, the market is really strong, so let’s try to capitalize on it, make as much as we can, and know that’ll tide us over when things get a little slower. All right. Anyways, that’s it for me today.

I hope you guys all did well. You’re in the green between ARCON, E-L-T-K, and L-B-I-X, you guys should be. We’ll be back at it first thing tomorrow morning, and hopefully we’ll see some more really great opportunities. All right. I’ll see you guys then. If you’re still watching, you must have really enjoyed that video. 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.