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+$13,161.31 As Market Bounces 500 Points At The Open!

Market Bounces

+$13,161.31 As Market Bounces 500 Points At The Open!

 

The market dropped another 1,000 points yesterday. My only goal today was to close the morning green and I did it, up $13,100. A little bit of redemption, I wasn’t expecting it today. I really wasn’t. I thought today might just be a $500,000 day. Boom. We saw a great opportunity. I jumped in out of the gates, gap and go strategy, our go to. $13,000, my work is done. So finally I’m back in the green on the month. It’s been so far a very difficult month. I’ve actually not been in the green on the month at all, and here we are on the seventh trading day of February, but now I’m in the green. So with one really great trade, I recovered all of my losses. I recovered six days of choppiness and now I’m back in the driver’s seat.

We’re going to start Monday morning. It’ll be a new week, fresh week, and I can start rebuilding. Basically Monday is going to be day one of February for me because today I made back all of my losses and maybe another $500 or $700 in profit. So the month starts now. Monday morning will be my opportunity to start getting focused, to start building up those gains so I can try to close this month in good shape. Maybe $10,000, $15,000, $20,000 in profit, we’ll see what I can do. It’s been a very choppy market and so right now if I can just close green, I’ll be a pretty happy camper.

Now again, what are these things doing? I’m going to Disney World. I’m going in March and you can join me. We’re going to have a conference with all of our inner circle students. It’s going to be a lot of fun. You can learn more about how to join us in Orlando, Florida this coming March, the end of March, if you go over to our website.

Let’s break down all the trades from today in today’s midday market recap. All right. So we’re going to break down the trades from this morning. Redemption, it’s not what I was expecting today. I really wasn’t. I didn’t think today would be a big day at all. It’s actually the second best day of the year for me with $13,161.31  in profits. So I’m going to write it in my calendar, make it official.

Once I write down my PNL for the day I don’t keep trading. So 161.31 on the 28th day of 2018. So today, definitely redemption day. It’s been a really choppy month. I mean, there’s no doubt about it. This has been … I just saw our news desk in a chat room said this has been the worst week in the Dow Jones in the last nine years. And I’ve been trying to trade through it, pretty much like this is any other week. And I definitely took some unnecessary losses. I’m finishing the week up about, let’s see, Friday, Thursday, Wednesday, Tuesday, Monday, so I’m finishing the week up about $6,000, which is good.

And I finished last week up around $10,000. So let’s see. Monday, Tuesday, Wednesday, Thursday, Friday, something like that. So it’s been, like I said, a bit of a choppy couple of days here and I didn’t get February off to the start that I was hoping for. I was hoping to start in the green and just surge forward. But of course, I started with a red day, and only today am I getting myself into the green. So I’ll be up about $860 for the month of February once today is said and done. So you know, that’s not where I wanted to be as we start the second week of the month, but it’s okay. We’ve still got an opportunity to bounce back and kind of get into the driver’s seat on the month.

I’m fortunate to be out of the hole as quickly as I am. One of the things I was showing you yesterday was that draw down. So I had drawn my account down about $12,000 off of all time highs. And that was kind of getting to the peak of the draw down I was comfortable with. And so now to bounce back up is nice. I actually might still have, now that I think about it, I might still have a little bit to go before I bounce all the way out. Let’s see. I’m still … Yeah. I’m actually still down $3,800 versus all time highs because I had a red day on the last day of January. I’m not totally out of the woods yet. I’ve still got to stay very focused and try to keep building the accounts up.

Let’s look at the trades from today. The market is whipping around. It just went from being down 250 points to being up 46 points, 60 points, a lot of volatility right now. You know, in a lot of ways, that’s good. We can profit from it, but I’ve just had a little bit of a difficult time being aggressive as a buyer when the market’s been dropping as much as it has. First trade of the day, INPX, straight off our watch list. This was on our watch list this morning for a possible gap and go over 357. 357 was the pre market high. The stock had just done a recent reverse split and was gapping higher. I was watching it at that level. I had an order ready for 5,000 shares at $5.

So when I do that, what I do is I type in here 5,000 shares and $5, or $4, whatever. And then once the bell rings, I can press the buy button any time I want. As soon as the bell rang, that started squeezing up. And I was like, “You know, I’m not sure because we’ve seen a couple of stocks squeeze up and then roll over really hard.” But this one made a very quick move, and so as soon as pretty much the bell rang, I was adding at 95, 406 and 406. So I jumped in 15,000 shares, sold a third of it at 452. Sold another half at 450 and with that, I was up like $7,500. Boom. Just like that, two minutes into the day. Sold more at 447 and then I added back at 445. So this right here was a one minute micro pullback. And so I added back for the break over the highs at 445, selling at 460 and 480, and then adding back at 482, 485, and selling at 511 and 508. Boom. $10,000 just like that. Three minutes into the day, four minutes into the day.

We get a little bit of a pullback. I ended up adding again at 488. Selling into the double top at 509, 510. Stopping out the rest as it came back down, so with that I … Let’s see. I think I stopped out at a rest down there. And I was out for about five minutes or eight minutes, so things kind of slowed down. We were consolidating and then I got in down here. So we pulled back a little bit, as you can see. My next trade was at 43, which was right in here, so we had a little one minute micro pullback. We popped up, we pulled back, I got in for a scalp at 450. Only got a partial fill, sold it at 463, a small winner. Added back at 475 and 479 at this point because it was the first five minute Campbell to make a new high.

So I got back in right here with 12,000 shares. We squeezed up to a high of 533. I added at 508 and started selling at 509, 506. I added at 520 and I ended up stopping out the rest at 554, so that was a little bit of a screw up. I was being a little bit too aggressive at 524. I probably just should’ve sold the whole thing, but I was kind of like, “This stock is going crazy. It’s so strong. I’m already up $10,000 on the day. Might as well. Let’s see what I can do here. Maybe this’ll be a $15,000, $20,000 day.” So I pushed it a little bit harder, ended up giving back $1,500 of profit on that last one. So I was up almost $14,000 on the name and then $13,500, and I ended up giving back about … Well, let’s see, actually I was up $13,480 and on those last couple trades I gave back a total of about 1,200 bucks. So that’s okay. You don’t know how much you’re going to make until you start to take a couple losses, so I think that’s pretty much consistent with my goal, which is push it until I start to see a little resistance and then step back a little bit.

So a couple little scalp trades on it down here, in at 55, out at 69. In a 68, out at 74 and 50, so a couple little scalp trades, nothing big. And then a little trade on BPTH. This one hit our high of day momo scanner. Let’s see. This was BPTH right here. Earlier in the morning, we obviously had INPX on there. So BPTH took a little scalp on that, on this pullback. It popped up, held those levels, and so I got in on the first pullback, which was following my rules there, long 210, sold half, 232, one cent off high of day, which was very nice. Sold more at 19 and the rest at 110 and 202. So 880 bucks on that one and boom, $13,161.31 on the day. So a really big redemption, great trades. I wasn’t expecting it, but things just came together today.

So hopefully that bodes well for the momentum that we’ll see going into next week as we start a fresh week on Monday. I know some of you guys did very well on INPX, so congratulations for those of you that had some of your biggest winners ever on this really big move. I saw several of you post that you had your biggest green day ever. Saw in the chat room, $11,000 day with someone else, a $28,000 day. We saw a $21,000 day, a $14,000 day. Bradley, great job. A $46,000 day, so some of you guys just absolutely crushed this, which is awesome.

I love to see you guys making more money than me because it just shows you’ve learned my strategy and the baby bird has left the nest. You’re flying. You’re doing it, so that’s awesome. You guys all have different risk tolerance from me. Some of you guys are willing to push it a little bit harder than me. You’ve got bigger accounts that I do and that’s fine. My job is to teach you the tools and let you go out and use them on your own the best way you feel you can. So really, great job for you guys. You should give yourselves a pat on the back.

Any of you that are finishing the week in the red, I was very close to finishing the week in the red. I thought, I pretty much had it set that I was going to be red this week, and that just would be what it is. But really turned it around, so anyone that is finishing the week in the red, don’t beat yourself up about it. We’ve got next week. The momentum today is hopefully a sign of good things to come going into the next week and to the middle of the month. The market, it’s bouncing off the 200 moving average right now. The S&P 500, they were pretty close to it, so hopefully we’ll start to turn around. We are in, obviously, a correction. But realistically, we’re back to about where we were in November. So giving back a couple months of profit, but it’s been an incredible run since this consolidation that we had back here in 2016. The last real pullback was end of 2015, 2016, so we’re due for it and it’s not a big deal. We’ll bounce back. Unfortunately, there is volatility, so with volatility comes opportunity and so I want you guys to be able to capitalize on it every time you see it.

All right, so that’s about it for me, and I’ll be back at it first thing Monday morning. I hope you guys have an awesome weekend. Get some rest, and those of you that are still beginners, study up this weekend so you’re prepped and ready to go when the bell rings on Monday morning at 9:30. All right. That’s it for me. I’ll see you guys back here on Monday 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.