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Warrior Trading Blog

Another Awesome Day of Trading +$9,268.05 in 38 minutes!

awesome day

 

What’s up, everyone? All right. So Monday morning. I thought this was going to be a really slow day. The watch list wasn’t that interesting, and I said, “Listen, guys, this might be a day where we might just have to be content with sitting on our hands and waiting for better opportunities to come around.”

Then we saw NFEC hit the high day momentum scanner. It hit the scanner a few times around $1.15, and I didn’t even get in until a $1.50, but it went all the way up to $3.50. I made $9,268.05 in 38 minutes. My work is done, and I’m wearing red today. I won’t tell you where, but I am wearing red. So another awesome day of trading. Great start to the week. Now up about $30,000 on the month. This is what I needed. So really pumped and we’re going to break it down in today’s Midday Market Recap.

All right, you guys. So here we are finishing the morning up $9,268 between my main trading account and my IRA. So this is a nice big jump forward in my IRA. I really needed it. $1,815 with two trades. Two trades on NFEC. So yes, I used up two of my day trades this week on NFEC, but it was worth it. More than 10%, almost 20% account growth in one day. Like 18% or something like that.

So I’m excited for that. I’ll open tomorrow close to $12,000. $25,000, that’s the line in the sand. It’s been really slow for me to get there mostly because I’ve been so conservative about what I’ve been willing to trade. I’ve only been willing to trade like really A quality setups and sometimes there have been stocks that go up 100% or 200% but I never really see an A quality setup. So I don’t get an opportunity to get in. But I definitely nailed it on NFEC. If anything, I left money on the table. I’m 100% aware of that. Like I got in this at $2.50 with 3,000 shares. I sold it at $2.82.

Now, I recorded all of my live trading on this one. I’ll tell you, it’s not easy to try to trade in two accounts at the same time. I’m trading this account and I’m long. Then I’m like, “Okay. I got to put out the hot key to sell.” Here’s the problem, if I sell on the ask, and I only fill 150 shares instead of my full order, then I’m going to have to exit in two orders and that counts as two trades.

So you have to be a little bit more conservative about where you’re willing to sell when you decide to sell on the ask, and yeah, I left money on the table. But one of the things I said during the live trading is that if you’re not leaving money on the table, you’re giving back profits. You’re going to be doing one or the other and I’d rather leave money on the table and walk away with $9,200 a profit than give it back, especially in the IRA.

So slow and steady is good. This is the type of day I needed here in this account. In our main account, I got a couple of good trades on this and then I started scalping it. So the first entry was actually $1.50, which was a great entry but I was well aware of the fact that it was kind of extended. I didn’t really think it would do a lot more than maybe go to $1.75, maybe $2.00.

I didn’t really expect it to go to $2.00. It tapped $1.59. I was in at $1.47, $1.50, $1.58, $1.59, and then I added for this little, kind of micro pull back because it sort of pulled back here and then surged back up. It hit $1.65 and then up to 76, but it was a little sluggish there. So I was selling some shares $1.60, $1.64, $1.75 pretty much all out of it. Then, boom, it has this big candle up to $2.23. I was like, “Ugh.” Hindsight’s always 20/20, but I felt like I missed out on that. It then dips down here. I wanted to buy at $2.10 on this dip for a retest of the highs. I ended up really on this one only getting in at $2.36 right before the halt.

But I also bought in my IRA account here, unfortunately, and this is for whatever reason just the way it goes. I put out an order for, let’s see, 4,000 shares or something like that, and I only filed 350 of them. I guess, you know what, I filled 350. It must have filled the rest when it came back. No, where was that? Now, I’m losing my place, but … Because I don’t think … It’s not showing the actual quantity that got filled. It was down here. So I filled right here at an order at $2.25 to buy like 4,000 shares. I only filled 350. So then I placed a second order at $2.50 after the halt and added 3,000 there. So now I have 3,300 shares and that’s where I sold them at 280. Again, I didn’t know. I thought, “Geez. If it hits $2.00, if it hits $3.00, that’s pretty good. It might see some resistance there at the whole $1.00.” It hit $3.00. It went all the way to $3.33, $3.47, and $3.63.

Hey, I love seeing the momentum and I’m okay with leaving some money on the table when I’m walking away with almost $10,000, but definitely huge move. So if we start seeing more moves like this, you can count on the fact that I’m going to be taking bigger size. I’ll go back up to 15, 17, 20,000 share positions, and really try to capitalize on these opportunities. If we start seeing them on a regular basis. Today was a great day. I was a little more aggressive with 12,000 shares. I increased my max share size on my trading here from 7,500 shares to 15,000. I’ll put this at 15,100 or 15,001 share. So I’ll probably max out at 15,000 for a little while. But I can always override that. It’s not a problem. I just have to make the decision that I’m willing to do it, and it slows me down a little bit because it does pop up a warning message.

Then on NFEC, so adding at 36, adding at 75. Adding at 99 and then selling the whole thing $3.07, $3.05, and that’s where I booked the big win on NFEC. So really is from $2.50 to the $3.00 area, and then these were scalps. $3.33 to $3.44. I’m not sure how many trades I took in total. 35 executions. Maybe it was … I mean, it was several. There’s one there. One there. So that’s two. Three. Plus this one was four. So I guess about four trades and four winners in my main account. Two trades and two winners in my IRA. So six trades, six winners. $9,268 between the two accounts. Not bad at all. I mean, traders will say, some people will say, “Geez, how much money do you have to be able to take these trades?” I only have $60,000 in this account. So make $7,400 is more than 10%, and 10,000 shares of a stock priced at $1.50 is only $15,000 cash. So it’s not like I’m using all of my buying power. This just happens to be my account size right now.

So green is good. Growing the account. This is the type of day I needed here as we come into the last couple weeks of March. So getting closer to being up $30,000 on the month, which is great. Days like this, they’re surprises. I don’t expect them, but I love them. So we get a couple more days like this this month and I’ll be looking at a $50,000 month right back into really, really shape. That’s how quickly the tables can turn. So, like I said, a good day. Not what I expected, but very happy with it. We’ll be back at it first thing tomorrow morning and see if we can keep stacking up some of these gains.

All right. So that’s it for me. I hope you guys have a great afternoon. We’ll be back at it first thing tomorrow morning, 9:00 a.m., 9:15 for Pre-market Analysis. All right. I’ll see you guys in the morning.

Oh hey, I didn’t see you there. I was just working on the dream board for my next home run trade. Hopefully it comes soon. Until then, make sure you subscribe to get email alerts anytime I go live or upload new videos. Until then, happy surfing.