Warrior Trading Blog

Halloween Recap +$3k! | Ross’ Trade Recap


What’s up everyone? All right, here we are. Halloween, last day of October. Finishing the day with another couple of green trades, up $3,187 or something like that. I can feel good about that.


That’s going to put me up over $40,000 this month, which is awesome. So finally the wind is at my back a little bit, but as a really strong month ends, well, tomorrow we all start in the same place. We start zero on the month. So just I’ll start over and we’ll see what we can do in November. Hopefully it’s a strong month. Typically November, December and January are when I make the most money. So I’m really hoping that we get that type of follow through again this year. That’ll help me get over the million dollar mark in this small account. All right. So reminder, guys, it’s Halloween. That means our Halloween specials are happening right now. Coupon code Pumpkin will save you 20% store wide at Warrior Trading. All right. So enjoy the recap. Any questions, any comments, leave them below and I’ll see you guys first thing tomorrow morning.

All right, everyone. So we’re going to do our midday market recap, breakdown the trades from this morning. Those of you watching on Facebook, what I’ll do is I’m going to record this whole midday market recap and upload it to YouTube later this afternoon. So if you want to see the whole recap with PnL and all that stuff, this is where I’m finishing here today, $3,187.62. But I’ll upload the whole recap with the charts and all that stuff to YouTube. So come over to YouTube and subscribe to the channel and you’ll get the midday recap over there.

Okay. So, today, traded four stocks. Green on three out of four names, biggest winner, $1,900. Biggest loser, $225. So not bad there. I did have one loser today, but that’s okay. This just, again, goes to show that you don’t have to be right 100% of the time to be a profitable trader, it’s not what it’s about. It’s about making more on your winners than you lose on your losers and having good accuracy. My accuracy today was pretty good. Right on, let’s see, I took a total of one, two, three, four, five trades on four stocks and my winners were four out of five. So, 80% accuracy, I can work with that.

Okay, so this morning started the same as every other morning looking at our gap scanner. If it sounds like I’m a broken record, sometimes it’s just because every single morning we do the same thing. I mean, it’s really just, it’s just the routine and those of you guys watching on YouTube and Facebook, there are hundreds of thousands of people that share this routine with me. Every single morning we sit down, we look at the market, we look for stocks to trade or maybe commodities traders are looking for the hot commodity or Forex traders are looking for the good currency pair. But we sit down and we’ll look at the market. We look at what’s in front of us and we try to find an opportunity.

So this morning started for me with this gap scanner. So this is all of the stocks in the entire US stock market that are going to open up more than 5% and the only reason the stock opens up more than 5% s because there generally is some type of catalyst. Now, today’s a day where the overall market was actually … The SMP 500 was actually opening a higher. There was a gap in the overall market and because of that there were a lot of stocks that were opening higher just on sympathy to the SMP 500. But there were only a few that were moving higher with the true catalyst. So, our leading gapper this morning was SBBP, which was not stock I was familiar with, but I pulled it up and what we saw in this was a headline about, sounds like selling off part of their or one of their drugs or something in exchange for some money. So, I wasn’t really clear on how this one would trade, but the bell rang and it just sold off. So no trades on that one for me. I just left it alone.

Next one down, TNXP. All right. So TNXP is at 96 cents, which is a little on the cheap side. Pre-market it squeezed up from 70 cents up to a dollar back down to 80 cents, back up to a dollar, back down to 90 cents and then up to about $1.10. So it was kind of jumping up and down here. It finally hit a high of $1.09, just under $1.10. The bell rang and it sold off. So no trades on that one, not interested in it. Next one down, ARAY, Accuray stock, up 30% pre-market. However, not one that I was particularly interested in because the outstanding shares or the float was a little too high at 80 million shares.

So basically my watch list this morning was a dud. There wasn’t really anything on my watch list that looked good. DXR was one that I traded yesterday and made about $1,200 on. So that one was a maybe, but the bell rang and it just sold off. So no trades on that. So we didn’t have any continuation stocks and we didn’t have any good fresh gappers. So on a day lake that my game plan pretty much is I’ll watch the two or three that I’m moderately interested in, which today we’re DXR and TNXP and neither of those ended up giving me an opportunity. So then basically from that point forward, I’m watching the high of day momentum scanner. What I’m looking for is something to hit the scanner and start squeezing up right now because that’s going to show me a stock that’s in play, that’s going to give me an opportunity.

So I’m sitting, I’m waiting, I’m watching and someone in the room calls out YECO. This one, YECO actually was not on the scans, which is a little bit unusual, but it was because of the relative volume was on the low side. So YECO pops up on the scans and I first see it as it broke over 6 and hit 6.25. So I’m going to drop this down here. So my first trade on this, I bought 3,000 shares at 6.30 as you can see right here. I’m going to make this just a little smaller. Let’s see. Just rearranging these windows, just a smidge. All right. So, bought 3,000 shares at 6.30. Bought another 3,000 to 6.31, all right. Then I tried to add at 6.50 as it was squeezing up. Now, I’m like, “Okay, this thing is taking off, I’m going to add a little bit more.”

So I’ve got just under 9,000 shares, 8,900, and I tried to sell some at 64 as it’s squeezing up, take a little profit, couldn’t get filled. Tried to sell again on the ask, couldn’t get filled, couldn’t get filled. Ended up trying to accidentally short it, had to cancel that. Tried to sell more, couldn’t get filled. Sold 2,200 shares at 56, 3,000 at 57. So now I’ve sold about three quarters of my position, which was fine. Booked some profit, was up about $1,000 but still holding about 2,000 shares and I sell the rest at 48, 35 and then it flushes down and I sold the rest at 6.15 and 6.03. So I ended up going from about $900, $1,000 to up only $500 because I sold the rest as it flushed back down, which was kind of disappointing.

Let’s see. Let me pull up here YECO. So the problem of course was that it broke the low of this one minute pullback. If it had broke into the upside, it almost definitely would’ve broken over 6.70 and then we would have been looking at a move to $7. This stock is a former runner, one that’s got a history of making big moves. As we can see here just a couple of weeks ago, it went from $1.73 all the way up to $17 in two days. So this is a stock I like to keep a close eye on just in case it makes a big move. But today was not really the day. So anyways, trades there.

Then I take a trade on AEZS. So AEZS hit the scanners as well. It first hit actually like $1.60 or $1.70. I waited for it to show a little bit more strength and then I jumped in at $1.95. I actually got in it, where was this, I got in it right here at $1.95. It hits a high of 2.09 and so on my 6,000 shares, I was actually up 900 bucks, was up $900 on this trade. I’m going to mute those alerts. Where was I? Let’s see. Bought right here at 97, so I’m in at 96. I tried to sell some at 2.07, only got a partial fill and then I ended up selling the rest at 1.90. It just didn’t hold up there, it came back down. So I lost about $300 on that trade. So that was a bummer.

Then after that next stock to hit the scanner was CLRO, and it goes boom, boom, boom, boom, boom, boom. You see it hitting the scanner multiple times in a row. I pull it up, CLRO. I look at the daily. I see it’s got room up to the 200, which is at 4.38. I see that there’s two headlines here from yesterday and I’m like, “Okay, there’s a catalyst, something driving it up. I’m going to jump in.” So I jumped in this one pretty quickly. I was in at 2.10 and then added at 2.22, added at 2.31, 2.31. It’s not uncommon for me to add as they’re squeezing up, I even added at 2.48. This is my way of taking a larger position and adjusting my mental stop as I move up. So when I first got in at 2.10, my stop was $2. When I added at 2.22, my new stop was 2.10. When they added at 2.30, my new stock was 2.20. When I added at 2.48, my new stop was 2.30.

So I keep moving my stop up, taking a bigger and bigger, bigger position. The risk is that I stopped out break even and I make nothing. The reward is that now I’ve got a big position and if it goes 30 or 40 cents with 11,000 shares, I’m making $4,000 or $5,000 and that’s how I’ve been able to generate these big wins. So I’m adding into the squeeze. It gets halted at $2.31. It resumes and hits 50. I add at 48. It pops up to a high of 60 and I’m trying to sell on the ask at 56. I got a partial fill. I didn’t get fills on these orders and so I ended up hitting the bid at 43 just to lock in some profit and then selling the rest at 46, 53. As you can see I was having a really hard time selling.

So what I’ll do is I’ll put an order to sell on the ask. If it doesn’t fill right away, I cancel it and I put out a new order. If that order doesn’t fill, I cancel it and put out new order so I just keep putting orders on the ask until they get filled and this is as the price is moving around. Then unfortunately on this one it dipped down to 2.14 right here on this one candle and I did get nervous and sold and then it pops right back up to 2.45. So a little disappointed on that one, but still made 1,900 bucks on a trade that honestly didn’t even work out that well. It didn’t continue higher. It didn’t go for the second leg up. It didn’t tap 2.75 or $3, which was sort of what I was hoping to see. But despite that it was still a winner.

All right, so next one was, so that’s CLR, next one was YGYI. This one hits the scanners. I look at it again, a former runner stock with a history making a big move. I see that there is news on it this morning. I certainly like that. So when I look at it, it’s squeezing up and I jump in right here at 7.75 on this one minute micro pullback at 10:02 AM. All right. So I jumped into it right there. So here’s my order. I’m in at 74, 3,000 shares. At this point. It’s 10:00 AM. The volume on YGYI was a little on the lighter side. I wasn’t sure that it was going to really open up. I was a little iffy on it. I did think that getting in at 75 was a little high because on this candle it flashed down to 51. So with 3,000 shares I was risking about 25 cents. So, risking about $600, $700 just with 3000 shares.

It pops up two to $8 and I’m not really thinking about adding on it because then at this point it’s already up quite a bit. After these ones kind of failed, I was sort of just in the mindset of, well, and by failed, I mean, didn’t give me a huge winner. I was sort of just in the mindset of take a little bit of profit, maybe not a good day swing to for the fences. So I’m in at 74. I’m selling at $8 and 7.99, 8.19, I guess, was my best exit, 8.19. It hit a high of 8.27. So nice trade on that one, 900 bucks. So risking about 600 to make 900, it’s a decent profit-loss ratio. Not Ideal, but not bad.

Then my last trade was getting back in AEZS as it broke back over $2. I jumped in at, let’s see, that was right away … Where was that? Right here as it came back over 2, it ended up hitting a high of 2.07 but really not making the big move that I wanted. So I jumped in it and jumped out with only $60 profit. So that puts me up a total of $3,187.62 on the day, which puts me up over $40,000 on the month, which is fantastic. I’ll be able to get my PnL from all of my trades here probably tomorrow, once the month is closed with my broker. So I’m up right now I guess about $415,000 on the year, which is a great year and sitting at about $750,000 in the account that I started with less than $600 just under two years ago. So from $600 to $750,314.52 as of today. So that’s a pretty, pretty nice run.

This is definitely going to be a month that I can feel good about. August, choppy. It was a slow month. I lost $12,000 in the first week of the month. Spent the rest of the month trying to get back those losses to finish the month only up like $2,000. September, another choppy month. Didn’t see a lot of progress. So now, $40,000 month is definitely what I needed. Leading up to August, I was averaging $52,000 a month. But then a bad August and a bad September has brought my average down to $41,000 per month. So this month, about 40,000, 41,000. I’m right on average, which is good. Now it’s time to finish up November and December with a couple more big months, hopefully more in the $50,000, $60,000 range and finish this year in really good shape.

I’m definitely within the half million dollar mark for this year, although I had set a optimistic goal of about $660,000 at the beginning of the year. I did that because that was the number that I needed to break over $1,000,000 in total profits in this small account and to make the one million in two years. So, at this point I don’t see myself making $250,000 in the next two months. You never know. I’ve had some really good hot streaks in the past, so it’s not impossible, but I’m not going to set that as my expectation and then be disappointed if I don’t do it. I’m going to try to be aggressive in November and December. If we see some really good trading and some hot markets, I will put the pedal to the metal with some big share size and really try to capitalize.

But, most likely I’ll finish the year somewhere around 500,000 and I’ll finish this $1,000,000 challenge in the first quarter of 2019. That’s not going to take anything away from it. I mean, yeah, it would be nice to do in in two years flat. But doing it in two and a half years is still just as impressive. So yeah, that’s kind of where I’m at right now. Just continuing to grind. I’ve seen other people try to do small account challenges, 600 bucks or a thousand bucks to 50,000 or 100,000 and that’s great. Doing small account challenge is fun. But ultimately, we’re in this for the long haul and really proving your staying power. To be able to turn $583 into 100K in 45 days, that was awesome. That was very impressive. But it doesn’t really tell you for sure that I’m going to be a profitable trader for the next two or three years. That’s 45 days. Maybe that was just an amazing 45 days. So what happens at the end, right?

Now, do it nine more times. Get yourself to a million bucks. Show us that you can really perform over the long haul and that’s what I’ve been doing with this challenge. So, $750,000 right now, 75% of the way there. It’s a marathon, not a sprint. I will get there and we’ll cross that line and I’ll be happy when I do, but even then, once I cross that line, what’s next? I’ll just keep trading. I’ll just keep doing my thing and eventually it will be $583 to $2,000,000 and maybe it’ll have taken four years to get there or fivee years. In 10 years it will be, I took $583 and turn it into $8,000,000 profit, whatever it is. So just keep trading in this account, keep growing it, and it’ll be kind of a monument to this strategy.

So anyways, that’s about it for me. Going to finish up the day here feeling good, $3,000. It’s a great way to finish the month. So put it in my calendar. Make it official $3,187.62 on my 199th day of the year. So right around $40,000 this month. Nice. All right, so time to flip the calendar and we’ve got November coming up tomorrow, so. All right, so I’m excited. November will be fun. Hopefully it’s a good month and we’ll be back at it first thing tomorrow morning, 9, 9:15 for pre-market analysis. All right, I’ll see you guys in the morning. Bye, everyone. Those of you on YouTube, Facebook, again, coupon code Pumpkin will save you 20% on everything storewide at Warrior Trading. So I hopefully I will see you guys in the chat room tomorrow morning. If you’re still watching, you must’ve really enjoyed that video. So why not subscribe and get email alerts anytime I upload new content. Remember when you subscribe, you become a member of the Warrior Trading family.