Warrior Trading Blog

Finishing the FIRST Day of the $100k Team Challenge +$7,777.52

team challenge

Finishing the FIRST Day of the $100k Team Challenge +$7,777.52

All right, so let’s break it down here. We’re going to go over the trades from today. The trades that I took, and we’re also going to look at the team members who are participating in the $100,000 challenge. As I said, this month we’re doing a challenge. 10 traders, and we’re trying together, all 10 of us to make $100,000. Let me show you the P&L here today for everybody.

This is the warrior trading website. Here’s the $100,000 challenge. You guys can go to warriortrading.com/100kwarriorchallenge. What we have is a Google Doc that we all share, all 10 of us. We’re tracking our performance. Each day of the month we’ll be tracking our total gains, and those will subtotal down at the bottom for each trader. Then it’ll also show us our total.

$7,752 here. Here’s my contribution, only two trades today for me, $461. Mike was out today, didn’t trade. Jeff, $3,284. Roberto, he lost $11, no big deal. John, up $1,755. Sam, $1,104. [Arsh 00:01:27], no trades. He didn’t get filled on the one he wanted. Jason, $292. Shawna, $577, and Josh, $313. These are 10 students and traders at Warrior Trading all working as a team to make $100,000 by the end of the month.

We all trade somewhat different strategies, and there’ll be days where, obviously some of us are in the red and we’re not contributing as much. There’ll be other days where we make some really good progress. Today was a great day. Jeff lead the way with a fantastic options trade on Caterpillar. Now, that trade was sent out via email and text alert. Anyone could have joined him on that trade, it was really solid. Sent it out yesterday, this morning locked up a 30% gain. That was really good. That was a swing trade. My trades today, I’ll go over in a minute.

Roberto, he had just a couple trades. John, I know I talked to him a little bit about his trades. He did pretty well this morning on EVHC, so let me get the chart up on that, EVHC. This one was a short pre-market, which was something that I don’t usually do, but he shorted it because he said, “Look guys, there have been eight consecutive green candles. I’m going to short it here with a stop at the high of this candle.” He just rode it right back down, it came all the way back down to $26, $27. That one was really fantastic, that was a solid trade for John.

Sam, he had a couple options trades. Arsh, I know he didn’t get a trade. Jason and Shawna, I know Shawna had a scalp on SKLN right out of the gate, she said she made $200 on that, and then she made some other money on … What was it? CH something, I can’t remember which symbol it was. Anyway, let’s go over the trades that I took today, my small contribution.

My daily goal is $1,000 a day, so today I was only 46% of the way to my daily goal. I was a little on the light side, but that’s okay. It’s about base hits, and today is the 23rd consecutive green day, so I am feeling very excited about that. Remember, my longest and best hot streak ever, 56 consecutive days, so that’s what I’m starting to think about. Getting closer, I’m still a ways away, but to be this far into the green streak now I’ve just got to stay focused and keep my head down, not try to be a hero and just keep grinding. I think I can do it.

Yeah, all of you guys who are members of Warrior Trading, anyone who’s a new member, you would already be signed up automatically to our swing trade alert, and to our swing trade email list. You have to manually sign up for text alerts, but if you’re not getting the swing trade alerts you can go to your dashboard, you can check it out. Go to your member’s dashboard and you’ll scroll down and you’ll see email alerts and text alerts. Yeah, and I’ll give you guys the link to this page here. I’ll paste this in the chat room for you guys. There you go, there you go. You guys can bookmark that.

My trades today, I only took two. I started the day with SKLN. Why did I want to trade SKLN? Why did John trade it? Why did Shawna trade it? It’s because it was a gapper. It was our number one leading gapper, and it had a pre-market high of $235. I said, “I’m going to be watching this for a break of the pre-market highs.” Very simple.

Market opens, you can see right here I’m getting along at 33 and 34. Tried to add at 35, I didn’t get filled. I was anticipating the break of the pre-market high. It pops up to a high of $250, and I’m selling on the ask. Selling at 43, tried to sell at 44, sold some at 44, and sold the rest at 41 and 42 as it came back down. Overall, really not a bad trade. $339, that’s a good way to start the day. Who wouldn’t want to make $339 in 42 seconds? Not bad at all.

One of the things I was mentioning you guys earlier today, and we were talking about this last night at dinner. It’s funny because, I’m obviously a day trader so people think that I take a lot of risk. 5,000 shares on SKLN, so people think this is a very risky thing for me to do. Sure, day trading is riskier than other forms of investing, but the way I mitigate risk, because I really don’t like risk.

What I do is, I look for the most obvious entry, and then I get in and then I get out as soon as I have profit. I do that again and again and again and again. That’s why I’ve got 23 consecutive green days. I get out, as soon as I have $400 or $500 of profit, I’m selling. Sure, some of these might end up going and I might have had $1,000 or $2,000 or $3,000 of profit, but I take my profit off the table when I have it. Doing that consistently is what’s gotten me to where I am today. I definitely encourage you guys to at least think about that mentality, but it all comes down to your risk tolerance. If you’re more comfortable holding a trade and just letting it work, then you may end up getting a bigger winner, but it’s just a little bit of a different strategy.

Next trade was CYTR. This one pops up, it squeezes up here right out of the gates. I look at it and I realized this one has that S down on the daily chart telling me it’s a reverse split. Yeah, those of you watching on Facebook, I’ll come back and answer all of these comments later. If you want to type comments or you have questions, just type them in there and I’ll come back. People watching later this afternoon on YouTube, I’ll come back and answer you guys as well. Of course, we’d love to have you join the community at some point.

CYTR, this one, it starts popping up. I realize it’s a reverse split, and these are the type of setups that can move very quickly. Reverse splits, they do this funny thing where these stocks can just explode. When I saw it popping up, I wanted to jump in. You can see here, it popped up and then it did a one minute micro-pullback.

Now, what’s really interesting is, I punched my order right here to get in at 34. Maybe it was like, whatever, 25 or something. It was around 25 that I punched my order. However, I used my hotkey, and the hotkey sent the order at $216, which was not the current price. The current price was $220. Obviously I didn’t fill any of the order, because $216 is not the price. Then I quickly switched gears and typed 2,500 shares and pressed the button at $226. I filled 1,293. Pops up to $250, I add another 2,500.

I tried to sell at 60, I don’t get filled. I tried to sell at 53, I don’t get filled. Then I sold the whole thing at 45. I only made $120 on that trade. Had the right idea. With 7,500 shares with an entry at 25, if I had sold it at 45, that would have been $1,500. Instead, I only made $120. It’s the luck of the draw, it is what it is. I’m just happy to start the month with a green day and to continue this hot streak. It definitely feels good.

First day of November in the books here. I’ve got it written down. $461.65 for me, 23rd consecutive green day, 199th day of the year, and I’m so pleased with the students that are trading with me in this competition who were able to help me get this first day off to a good start.

We need to track about $5,000 a day collectively to hit our $100,000 target by the end of the month. Today we’re above that, we’re tracking a little high which is fantastic. It gives us a little bit of a cushion so if we have a day later in the month where we’re in the red, we have a red day collectively or just a couple of days that we have a miss, well, now we’ve got a little bit of a cushion. You know what? If we hit $100,000 on the 15th and we end up getting to $200,000 or whatever it is, then we’ll know that we set the bar low.

You know, some of the students that are trading in this competition and this challenge here are fairly beginner traders that have only been doing it for four, five, six months. I don’t expect that we’re all going to be making $20,000 a month or whatever, and that’s okay. That’s totally fine. This isn’t about, it’s really not a competition. It’s a challenge for each of us to stay focused and to feel that we’re contributing to this group effort, this team. That’s kind of the thing that I’ve always said. You trade with a team and you trade with confidence. You guys all know that who are in the chat room and of course the people that are participating in this challenge are really able to see it right here.

If you don’t already have your goal set for the month of November, I encourage you to set your goals. Get focused and hopefully we can have a really solid month here. You can see the link to this page, warriortrading.com/100kwarriorchallenge. I think if you go to top 10 you’ll find it, but you’ll definitely find it … No actually, it’s [inaudible 00:11:52] not blog post. You’ll find it if you search it, you can use the search bar right up here in the corner if you want to. That’s about it for today. I’m going to jump in and do our Warrior Pro Mentor session here. I will see students over there, and everyone else, I’ll see you first thing tomorrow morning. Okay, bye guys.

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 any time I go live or upload new videos. Until then, happy surfing.