Warrior Trading Blog

Finishing the morning +$2,199.19


Finishing the morning +$2,199.19

Alright everybody. Time for our mid-day market recap. We’re going to go over the trades from this morning. I hope you guys have all had a good week. This week has been kind of crazy. Last week was insane. We just had massive, massive momentum, and this week was a little bit of a pullback, and this things slowed down a little bit, especially starting on Friday, and then a little choppy on Monday and Tuesday. I’m finishing the week up 7,500 dollars, right around there, so that’s not bad for three days of trading about an hour a day.

We’ll go over the trades from this morning, so you guys can kind of see what I was looking at. This morning finished with $2,199.19, and I’m totally happy with that. That puts me going into the weekend with a green day. Three green days this week, so I’ve kind of bounced back from that red day on Friday. In the last 30 … let’s see, 4, 5, 6, 7, in the last 37 days I’ve only had one red day, which is not bad, so today’s my third green day in a row. The hot streak is starting over, and it’s going to take a while to get myself back to 33 consecutive green days, but I can do it. It’s just going to take some time.

Anyways, let’s go over the trades from this morning here. You know, again, this morning I was very mindful of the fact that we might not see good follow-through, because it’s kind of the Friday before a long weekend. Yes, some people will trade on Friday, but it’s a half day, and I’m not going to trade. It feels like it’s kind of a Friday, and sometimes we don’t see a lot of volume on Fridays, so that plus the fact that on Monday and Tuesday, I lost money on my first trades right out of the gate. So I wanted to be really careful today.

Our leading gapper today, the stock gapping up the most in the entire stock market was CLNT. CLNT … this was kind of funny because this huge gap over 150%, the bell rings and what happens? It sells off. I took a trade on it right out of the gates, long at 11.69, and I got in at 9:30 and 8 seconds, and it kind of paused for a second there, and I couldn’t really tell what was going on. It was almost like the market wasn’t even open. It was just sort of like nothing was really happening, and then all of a sudden the volume came in. It spiked up to 11.99 and 12. I was selling on the ask. Tried to sell at 12.39. Didn’t get filled. Ended up making on that trade 350 bucks. Not the biggest winner, but not bad. A decent little trade right out of the gate.

So, 350 bucks and you can see I only traded with 1500 shares. I went small, because I wasn’t sure today was going to be a good day, so I wanted to start small. Next trade was ELTK, and ELTK was on our scanners as a maybe. As soon as the bell rang, I mean like, as soon as the bell rang, it squeezed up. It broke over the pre-market high. I had an order ready to get in at 6.40. Breaks over 6.40, squeezes right up to 6.84, and is halted. Halted for 5 minutes on a circuit breaker. It resumes. I tried to add at, let’s see, where was this? I guess I tried to buy at 73. I didn’t get filled. I ended up adding a little while later. Where was that? Right in here, so I tried to trade right in this first spike. I tried to get in at 7.73. I didn’t get filled. It popped up to 8.42, and then it dropped back down to a low of 6.17.

So, I was like, ah, I don’t know, maybe it’s done. And then I saw it kind of consolidating right here, and I thought if it broke over the 80’s, 7.82 over this little pivot, that it would probably go back to the highs. I jumped in here at 7.78, 7.79 and adding at 7.93. Oops. And on that one it squeezed all the way up to 8.25, and then to a high of 8.95, and that was my big winner today, 1200 bucks on that trade. Although I didn’t do as well on it as I would have liked to have done, because I tried to sell at 95 on the ask, and I didn’t get filled. I ended up adding at 31 and 34, trying to sell at 95, selling 61 shares at 94, a little more at 50, 51, 41, 36. The spreads were just too big, and I wasn’t getting filled on the ask. So, ended up being 1200 bucks, which is good, but it could have been a better trade.

Meanwhile, I jumped in to MDGS. This one squeezes up. It hits the scanners. I jumped in at 71, just before it got halted. You can see, oops. My entry here on this, adding at 71 and 72, partial fill. It resumes … well, it’s still halted. I end up in the meantime getting into NXTD at 41 and 42, trying to sell at 46, selling 400 shares at 42. The rest at 43 and 40. Lost 60 bucks on that one. 10,000 shares, didn’t work.

Then MDGS comes up. I tried to sell at 90. I don’t get filled. I decided to add at 99 as it came back up, trying to sell on the ask at 3.07. No fill. Hit a high of 3.18, but had a hard time getting filled on it. Ended up hitting the bid and making 639 dollars.

Those are the four stocks I traded today. You know, it wasn’t the most impressive day, but you know, hey, 2000 dollars is not bad. I’m not going to complain about that. I would have loved to have seen a little bit more momentum, but one of the things that we’ve got to remind ourselves of is when you’re starting to say, oh, I only made 2,000 bucks, slow day, it’s a good time to check in and remember that, yes, we had a great week last week, making 68,000 dollars. Was awesome. Making 7,500 this week is also really, really good. Making 2000 dollars is really, really good.

If I made 2,000 dollars a day consistently, I’d be making a half million dollars a year trading. Right now I’m up a little over 300 grand, so I’m obviously not making 2,000 dollars a day on average, and I should be happy with a 2,000 dollar day. I shouldn’t be bummed out or think, ah, it’s only 2,000 bucks. That’s a good day. It’s really solvent. I think that, you know, just remind yourself that these days 200 here, 200 there, are really good days and you don’t want to say, oh, I’m only up two grand. I’m not going to appreciate that. I’m going to take a 2,000 dollar risk here at 10:00 AM, and then give it all back.

You want to try to appreciate the 2,000 bucks and try to keep it in your pocket as much as you can. That’s what I decided to do today. I didn’t over-trade. I was done after 10:30. I did a couple test trades on Spy, but I was not … those were just limit orders. So MDGS was the last trade at 10:00 AM, and I figured you know what? 30 minutes, 2,000 bucks. That’s good for me and I’ll be back at it first thing on Monday morning.

This weekend we’re doing Turkey 30, 30% off store wide at Warrior Trading, whether you’re looking for chat room access, simulator, access or access to the Warrior Starter, the Warrior Pro Course. We’d love to have you join us and be part of the Warrior Trading family. We’ve had a lot of new members in the last couple weeks, and it’s been a lot of fun seeing all these new faces.

Anyways, just a heads up for anyone watching on Facebook or YouTube, and also those of you on Facebook and YouTube, feel free to leave comments in the area below the video, and I’ll come back and I’ll answer all of them later on this afternoon. I see some of you guys writing comments already.

Yeah, I hope you guys all have an awesome weekend. Get a little bit of rest, and enjoy it because when we get back, we’ll be going through a little bit of a stretch here until Christmas, so we’ll have, let’s see, one, two, three, four good weeks of trading, and then it’ll be Christmas and the New Year’s before you know it, so try to get your rest. Get yourself pumped up and get back here Monday morning for hopefully some awesome momentum trades.

Alright, so I’m going to shut this down here. You guys who are in the chat room, you can have the scanners this afternoon, and keep trading and those of you on Facebook and YouTube, I’ll come back and answer your comments, and I’ll see all you guys on Monday morning. Alright, bye everyone.

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