Warrior Trading Blog

Up $8K on Two Stocks! | Ross’ Trade Recap

Ross_8.22

What’s up, everyone? I knew wearing my green dinosaur would bring me good luck today, and I’m going to finish the day up $8,000. Two stocks I traded today, CETX gap and go trade right out of the gates, $400 a profit. Not a lot, just a small, green trade, but that got me on the leaderboard. Then I felt comfortable because I had a little bit of a profit cushion and when NETE came up, it was on the watch list, on the gap scanner pre-market. I jumped into it, and the stock ended up squeezing up more than 40%. It took off, and that gave me almost $8,000 of profit. Well, 7,600. So net profit, 8,100. A green day. Feeling great about that.

We’ve been having some terrific momentum, last Thursday, Friday, Monday, Tuesday, Wednesday, today’s Thursday, tomorrow, wildcard Friday. I’m hoping that we see a continuation of these opportunities. You know, the thing that’s really awesome is that we’re coming to the end of what is historically a slow month. August can be tricky, and the first two weeks were par for the course. But things have started to turn around here. As we come to the end of the month, we go into Labor Day weekend, we go into September, things are going to be picking up. So this is the time to put the pedal to the metal, to be aggressive, and really try to capitalize on these opportunities. All right, see you guys first thing tomorrow morning.

All right, everyone. So we’re going to do a midday market recap here, a little on the earlier side. I’m just going to lock up this profit, $8,000, and call it a day. I see a couple other stocks hitting the scanners just now, GLBS curling up a little bit, ABGR. You know, I don’t know. It’s always a tough call of when to throw in the towel and when to keep trading. GLBS 160,000 shares of volume, slightly bigger spreads just at the moment. But the two that I traded today, NETE and CETX. This is the best green day I’ve had in a while. So biggest green day for the month of August. I’m almost positive that. Yeah. So right now, I just feel like this is a time to just try to be grateful for the profit, not overstay my welcome, and live to trade another day.

I mean, it’s been a nice streak here in terms of the last two, four, five, six days, hitting nice solid trades in the first hour. In fact, almost every single day of the last six days I’ve been able to make between 4 and $5,000 in the first hour. So we’re definitely seeing some opportunity here, which is great. All right, so let’s break down the trades on NETE and CETX. We’ll start by looking at the gap scanner from this morning because this is how I found both of them. So 9:20 AM. Oops, let’s try to reset that. 9:25 AM. All right, that’s better. So CETX was our leading gapper this morning, gapping up 28%.

Now, as you will probably remember, this stock was one that was in-play on Tuesday. On Tuesday morning, it was on our gap scanner, same as today, with a headline. Out of the gates, we took a couple trades on it, and it was very choppy. The first 5, 15, 20 minutes, it was just up, down, up, down, up, down, false breakout, false breakout, false breakout, and it was really frustrating. I did end up trading it and making some money on it, but it was not an easy one. But I made money when it finally opened up right here, as I bought for 2.40, that move up to 2.69, and then ended up hitting a high of over $3.

However, it sold off the whole rest of the day, so it didn’t end up holding up very well. So on the daily chart, we have a red shooting star candle with that long upper wick. It was red yesterday and then today, bouncing back up with some news. So this morning, I was initially skeptical because it didn’t hold its gains very well the previous day. So I didn’t really think it would do that well today. However, I was willing to take a stab on it for a break over this pre-market flag right here. So on this one, the bell rings and, let’s see, it drops down for a second to 2.30. And all I saw was red, red, red, red. I saw red on the time and sales, nothing was working. Then, all of the sudden, I saw a bunch of green. So I punched the order.

As soon as I saw green, I punched the order for 3,000 shares. I punched it again for another 3,000 shares. And then as soon as it popped up here to 43, I sold. I got filled at 38. I just bailed out, and I thought I would get a better fill than that, but 38 is fine. So with 6,000 shares, I made $400. You know, it’s like 8 cents per share. It’s not a home run. It’s not. It’s a base hit, but it’s all that I really expected. And then it did a one-minute pullback right here, which I passed on because I just felt like it was too risky. And it ended up going all the way up to 2.59. So I underestimated, I suppose a little bit, but generally, I think I had the right idea, which is that it would be choppy and fairly difficult to trade.

It just had a little more in it than I thought it would have. So that was that right off the watch list. These ones we didn’t look at, too expensive, floats too high, floats too high. GameStop, floats too high. Here you have NETE, the second-leading gapper. Alright, so second leading gapper. That fits into our strategy in terms price, and in terms of the float, and having an actual catalyst, and things like that. Let’s see, I’m just going to log in here. Hang on one second. So you can see the P&L right here on screen share up $8,137, which is a solid day. Not bad at all. I’m pretty happy with that. That’s one of the best days I’ve had here in a while. So, yeah, definitely made some progress there. For some reason it’s not letting me log in. I’m just going to take a screenshot of this.

Okay. So anyways, NETE is the next one. All right, so NETE, we have a pre-market high of 4.26, and I wasn’t really sure as we’re looking at the open because it was down a little bit off the open or the high of pre-market. So I was kinda like, “Oh, I don’t know if that’s really going to work.” But it ends up curling up right here and then doing a red to green move. So as it did the red to green move, it hit the scanners right here at 3.66 and then it hit them again… Where was this? No, that was at the open. Sorry. It hit 3.0, 3.74, 3.80, and 3.85. As soon as I saw that, I jumped in. So I was buying into the halt going up, and I only got a partial fill.

So that’s often the case when you try to jump in something that’s moving really fast that you only get a partial fill. So on this one, I was trying to be aggressive because I was seeing… You know, this was off our watch list, breaking news, a former runner with a history of making big moves. If we look at the chart in the past, this is a stock that has a history of making big moves, both red and green. But volatility is what we look for. So I jumped in. It then is halted not for five minutes, but for 10 minutes. So a full 10 minute-long halt. All right, so a little bit of a longer halt than we typically have been having. But a 10 minute-long halt. It opens at 4.20. It dips down to 4.10, moment of truth.

Is it going to hold this level? As it surges up, I added for the break over the highs, and now I have 10,000 shares. I’ve got not quite full-sized, but pretty aggressive. It pops up to a high of 64, and I’m taking my profit. Right in there, I made I think about $4,000 on that trade. I mean, this was a solid trade, buying the… Well, from an entry here. But really buying the dip coming out of the halt and then selling up into the top of this candle. It then pulls back right here, and I got back in. This was a nice one at 4.40. I got back in at 4.40, 10,000 shares. I did it again. It rips up to 4.75. It then pulls back and right here, I add again. For the break of 4.75, squeezes up to 4.90.

It then pulls back. I take one more trade right here, and I lost on it. So I’m ending the day down a little bit off of my high of day, but I’m not going to complain about that because this is a solid day. So I feel really good about the momentum that we’re seeing. Looking back, yesterday… Well, NETE, what’s it going to do for the rest of the day? Well now it’s below the VWAP, so it’s given up more of its gains that I’d like. If it can reclaim the VWAP, it might make a move back up to 5.00. However, the 200 moving average is right here at 5.00, this purple line. So that’s resistance.

LEDS, yesterday, broke through to 200, squeezed up, but it didn’t hold its levels and it came back down. The day before that, CETX popped up, did not hold its levels, came back down. The day before that, YUMA squeezed up, didn’t hold its levels, came back down. The day before that PSTV… Oops, PSTV. It squeezed up, did not hold its levels. Actually, no, this one didn’t hold. Sorry. This one did hold its level pretty well, but then the next day, sold off. And then DPW gapped up and then faded.

So right now, we are seeing some great opportunities intraday trading these gappers, but they’re not holding up super well. You know, which is kind of disappointing because we’d really like to see these hold up and continue throughout the day. But nonetheless, a solid green day here. So this’ll jump my account up to over 60 grand tomorrow, so that’s a nice 15% gain on the account. 15% growth in one day. Now, it doesn’t matter what you’re trading with a $50,000 account, or a $5,000 account, or a $500 account, 15% growth is awesome. So congratulations to those of you guys that locked up profit. I saw a lot of you guys put in some big numbers in the chat room, which is great.

Those of you who have been studying this month, who have been trading in the simulator, and today was the day where the rubber met the road and things connected, that’s awesome. Congratulations. So I’m definitely excited for you guys, and I hope that we see another strong day tomorrow. We finish off the week, wildcard Friday, with some really good momentum. You know, here’s the deal. We are coming to the end of the typical slow period, which is August. Last week of August next week, and we’re coming into it with a little bit of momentum, so that feels great. I’m going to try to finish this month strong.

It is a little bit of a salvage effort, salvaging some mistakes and losses from the beginning of the month, but that’s okay. I’m back in the zone, and I’m focused, and I’m feeling much better about trading right now. So let’s hope that this continues. All right, I’ll see you guys first thing tomorrow morning, 9:15 for pre-market analysis.

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