Warrior Trading Blog

+$1,818.69 in 45min Right off the Watch List

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+$1,818.69 in 45min Right off the Watch List


All right guys, so time for our midday market recap. We’re gonna go over the trades here from this morning. Overall it was a pretty easy day; low stress, three trades, two winners, one loser. Finishing the morning up $1,818.69, which is awesome. So I had a pretty decent day yesterday, $420, good day on Monday, $1,800, so I’m finishing … or, I’m up now on the week, three days into the week, about $3,600.

So averaging roughly $1,200 a day, which is above the daily goal. My daily goal is $1,000 a day. Now, even though yesterday I was maybe a little bit disappointed that I didn’t make the full $1,000, I knew that it doesn’t matter on individual days; it’s all about the average. So what am I averaging? I’m averaging $1,200 a day consistently for all of this year. So this year, right now I’m up just around $170,000, and we’re at the 133rd trading day of the year.

So, let’s see. Day 133, $1,818.69, which is awesome, and this is my fifth consecutive green day. Those of you guys in the chat room, I’m gonna try to put screen share back up. For some reason it keeps dropping, I’m not sure why. But I will, at the least, upload this to YouTube later this afternoon. All right, so anyways, we’ll go over the trades from today. Like I said, three trades on actually two stocks, so those of you watching on Facebook, you can see the P/L there.

Biggest loser of the day, a $50 loss; not bad, I can handle that. And the biggest winner, $1,818 … or, $1,868.69. Let’s see what that does. Looks like I’m having connectivity issues all around today, not sure why. So in any case, I’ll get this uploaded to YouTube so those of you who end up having issues, you’ll be able to re-watch this on YouTube. So this … here we go.

First trade of the day was on AEZS. So AEZS was on our watch list this morning as a gap and go stock. It was gapping up, had a pre-market high of $1.67, so it certainly looked pretty interesting; it was gapping up like 60% or so pre-market. Now, as it opened we kind of squeezed right before the open and then we pulled back a little bit. So if I pull this back here, you’ll see this, a little bit of chop that we had, this pop-up to 69 and the drop back down.

I’ll show you my order. I got in this at $1.61, 5,000 shares, and I tried to sell in the ask three times. I tried to sell at 69, 67, and 66. It popped up to a high of 69, but I just kept not getting filled on the ask. I was also having some connectivity issues where I was losing my level two’s; all of a sudden my level two would stop moving. I would place an order, nothing would happen, and so I don’t know, something’s going on today. I was having issues on Facebook, on YouTube, so I’m having an internet problem today, I don’t know what it is.

But anyways, popped up to 69, I guess I was up $300, tried to take some profit, kept trying to sell half, wasn’t able to sell half. Finally sold the whole thing at 60, which was a one penny loss, so I lost $50 exactly on that. Not a big deal. But my entry was right here, the pre-market high there was 63, so we opened at 55 and as we surged up to 60 I was like, “Okay, I’m gonna jump in. I bet we’re gonna get a little squeeze right out of the gates.”

And that’s what we had; pretty predictable. So ended up only taking one trade on this one. You can see here, it ended up doing a little red to green move, selling off, and then popping back up to a high of $1.81, pulling back, consolidating, and then popping up to $1.84. So as it popped up there to $1.84, this was a one minute, or a five minute setup. I didn’t end up taking the trade because I saw some pretty big sellers on the ask, like 40,000 shares. Right now you’ve got 20,000 at 94, but we were seeing big, big sellers so I was like, “Eh, just gonna steer clear on that one.”

Now on our watch list this morning we had AEZS, we had MYSZ — MYSZ was a gapper as well, gapping up with news — so this was on watch for a possible long. Initially we were thinking over 34, but right before the bell this candle popped up to 36, and so then I was kind of iffy about where I really wanted to get in because I felt like it was starting to open up maybe a little too much. Now, as you can see here, it opened and then started to squeeze up, and as it squeezed up I was like, “Okay, this thing is showing some strength. I’m jumping in.” You can see right here, 2,500 shares at 44, 44, and 45. So getting in there the same way I do with my hotkey; boom, boom, boom, three orders.

So I was in there at 44, or 45 average, 7,500 shares; the goal was 10 cents, $750. I ended up getting 20 cents out of this as it squeezed up to a high of 75. All the way up to 75 I sold, let’s see, half at 66. So once I was up 20 cents I sold half. And then once I was up … I guess I sold another quarter, so right around 65. I tried to sell more at 66, I wasn’t able to get filled. I sold some more at 60, and I sold the final piece at 76, which was pretty nice since the high of day was 78. So that was a pretty good exit right there up at the high. But for the most part, took my profit at 20 cents; that was $1,500 and I wanted to lock it up.

So we ended up getting this consolidation, consolidation, you can see this consolidating. And then at this point here, I thought, “Okay, now I’m watching for the first five minute candle to make a new high.” And I could see that we were starting to get a little bit of a bounce right here from 55 up toward 60. I was watching that level thinking the high of this current five minute candle is 65. First five minute candle to make a new high will be breaking over 65, target is gonna be high of day; that’ll be what I’m looking for is a high of day target.

Now, what ended up happening is, as I saw that volume coming in … let’s see. Looks like maybe I sold 400 at 69 and then I sold the rest at 63 on the bid. So then I got back in at $1.60. As I saw volume coming in, I jumped back in at $1.60. Started with 5,000 shares, then added to the 7,500. It pops up to 67, we make the new high, first five minute candle makes the new high, we hit 67, I sold 200 shares on the ask. Tried to sell more, wasn’t getting out on the ask, started to get a little nervous and thought, “You know what? I’ve got a pretty big position here.” I wanted to see this immediately go to high of day, and when I started seeing resistance what I noticed was a 10,000 or 20,000 share seller at $1.70. And so I though, “You know what? This is a little extended. I’m not sure this is gonna work, I’m just gonna get out and take my profit on it.” So I sold half at 65, and the rest at 64 and 64.

So you can see my trading style is not very concerned about commissions. And why would that be? My commissions are only $2.50 per trade. $2.50, I mean it’s nothing, I don’t care. I literally don’t care about commissions. They are such a small factor. So, for me, I just trade the way it feels right in terms of when I want to get in, when I want to double, and the commissions are just kind of that small toll that I pay. But it’s not something that I am particularly concerned with. So that’s the advantage of having a broker that gives you really good rates. So everyone in here, everyone that’s a Warrior Trading chat room member, you are eligible for $2.50 commissions with Lightspeed. Everyone who is in our Warrior Pro course is eligible for $2 per trade commissions, which are even lower. So you guys can save some money on commissions and then focus on trading the way you want to trade.

All right, so that’s about it for today for our midday market recap, and I will be back first thing tomorrow morning. We’ll be able to finish up the week for me, Thursday’s gonna be the last week, and then Friday I’m gonna be traveling. So we’ll try to finish up this week strong, see if I can make another $1,000, and then finish the week up $4-$5,000; that would be nice. So that’s it for me today and I will see you all first thing tomorrow 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 any time I go live, or upload new videos. Until then, happy surfing.