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What’s up, everyone? All right, so here we are, sixth consecutive green day which certainly feels good. Tomorrow is going to be the last day of April. Now this morning when I was looking at the gap scanner, I knew as soon as I pulled it up, today’s not going to be a big day. Today’s going to be a basic day at best. I might not even take trades today.
Base Hit Day +$733 | Ross' Trade Recap - YouTube
And I knew that as soon as I pulled up the scanner and saw that our biggest gapper was only about 20%, which is not a very big gap, considering last week, we saw several days with 50, 60% gappers. The fact that the biggest gapper was only 20%, the fact that we didn’t have any stops on the scanner with a really low float below 10 million shares… Remember, float is the level of supply, and to create those big moves, you need to be in balance between supply and demand. And so when you start with a low level of supply, that makes the equation that much faster that you get the imbalance, but today there was nothing that really gave it to us.
Couple little opportunities here and there. I hit a couple of them, missed a couple of, and you know what? I’m just happy to be closing the day green, so sixth consecutive green day in a row. Going to try to make it a seventh consecutive green day tomorrow, and we’ll be live streaming right around 9:00, 9:15. Make sure you guys are subscribed and have the alert button pressed so you get the notification as soon as I go live. All right, everyone, so I’ll see you first thing tomorrow morning. I hear a stock hitting the scanner, but I don’t think it’s going to be anything worth trading, so closing up shop today and we’ll be back at it tomorrow morning.
All right, everyone. So I’m going to finish up here today right around 10:30, up $733. Bit of a slow day. Not surprising. PRPO is our leading gapper, but of course, the issue today was that our gap scan… The top 10 or so gappers and even LEDS, only 12 share of volume. This gap scan was not a very good gap scan in the sense that the majority of stocks were either too cheap, too expensive, or the float was too high.
PRPO was our leading gapper this morning, and it was looking great around 8:15, 8:30, 8:45. Even coming right up to 9:00AM, I was like, “This one looks really good.” It looks similar to RBZ the week and a half ago or whatever. Because it’s dropped big time yesterday or Friday and then totally recovered, and that can sometimes create a really powerful squeeze effect, especially over $8 on a daily chart which then would give us room up towards 9 and then from 9 up to 10, 12, and so on.
I was liking the look of it quite a bit, but then pre-market it comes all the way back down here and it retraces more than 50% of the move up, which for me is always a red flag. Now it opens below the VWAP right at the support of the 200 moving average. But it breaks that level when the bell rings and comes right back to the pre-market basically where it started before the move even began. So that pattern is broken up here, it’s back at the 200, back at the VWAP.
Sure, it doesn’t mean it can’t break out and make a move up, but I don’t really expect it. That was our leading gapper this morning and it didn’t give us any good opportunities, no trades on it. INNT was our second leading gapper of 20%. However, again, 26 million share float, 4 million shares of pre-market volume, and not a very nice pre-market chart. Below the VWAP at the open and it sells off. These ones, too cheap, too expensive. ROAN, this one actually ended up giving a little bit of an opportunity, although, I didn’t trade it. I thought the 36 million share float probably was just going to be an issue and it wouldn’t be super volatile. But it actually is up right now about 37%, so that one’s nice, I just missed it.
Not super clean chart patterns. A little pullback here, it failed. A second pullback here worked. A third pullback is forming right now, but nothing crazy, crazy exciting. And then the two stocks I traded were actually both right off the high of day momentum scanner. So today was one of those days where I said, “Given the fact that the gap scanner doesn’t look great and I think probably most traders are sitting and waiting, let’s keep a really close eye on this high of day MOMO scanner. And the first stock that hit the scan, that is our low float high MOMO scanner, was ATHE. It hit at $1.99. At $1.99 it was already up 53% on the day. I pulled it up, as I pulled it up, I typed in my level two. I saw it squeezing and I press Shift 1, Shift 1 and bought 6000 shares right here as it was coming up to $2.20. It squeezed up to a hight of 255 so a nice 35 cent breakout there on 6000 shares. Three times six is $1800 and I captured about half of that move making $967.
Unfortunately it came all the way back down. So at 100% retrace the breakout that started $1.77. Well, I guess it started actually down here at $1.57. So kind of a crazy move, from $1.57 up to 255 and then right back here to $1.74. So it ended up hitting a high of being up, let’s see, 96% on the day. And traders were jumping on it but it just didn’t continue and it came right back down. ROAN was on the scans but I waited on that one. And VERB was the next one that was on the scans, low float scan, massive volume, squeezing up right here. I jumped into this one at 236 with 3000 shares. It hit a high of 245 and then dropped right back down to 213 and I took a $234 loss on it.
So one winner today, one looser. Only 50% accuracy but $733 of profit is a decent day. I wasn’t super aggressive. Today didn’t feel like a day to be swinging for the fences. This morning about, what time was it, probably 9:25, I said to the inner-circle room, “Today’s the day.” 500 to $1000, I think that’s the best that I’m going to get today. I don’t have high expectations. I don’t see really much in the way of home run potential. I think it’s just going to be a small day. The fact is, today I didn’t have a trade that I was able to take in the first two minutes.
Friday, and almost every day last week in the first two minutes, we’ve had a good gapping go opportunity where I jump in and with 9000 shares, quickly scalped anywhere from 1000 to 2000 or $3000 of profit and that’s based on stock being on the gap scanner with a float of under 10 million shares with a good daily chart and everything else. So when I have a day like that in the first five minutes where I’ve got either $1000 or I’ve already hit my daily goal, then that can open up a terrific day. But today we didn’t get that so that meant all my profit had to come off the high day MOMO scanner and we just didn’t have a whole lot that gave us big moves. So that’s okay. I’m totally okay with that.
It’s still the sixth consecutive green day. It’s the smallest green day in the last six days but green is good, it’s fine. Today’s a day of making a little progress. I’ve got a little more than I had when I started the day, $49722 of equity in my main account today. Green is good. And I’ll be back at it first thing tomorrow morning. We’re going to try and finish up the month strong. Yup, I’ve still got my bunny ears here because today is the sixth consecutive green day. I was wearing them while I was trading. Overall, this has been a pretty solid month. I’ve had a few red days here and there. I had stretch of three red days on Tuesday the 16th, Wednesday the 17th and Thursday the 18th when I was trading in California. And we had Good Friday and then I kind of sat down, readjusted, got myself focused and now I’ve got six consecutive green days.
So let’s try to make it a seven consecutive green day and finish the month tomorrow with a little more profit. I’m sitting about $10000 or maybe about $10500 off of the million dollar level of this challenge. Obviously it would have been nice to cross that level here in April but it’s not going to happen. I don’t see any indicator of tomorrow’s going to be a $10000 green day, I think it would be unrealistic to be aiming for that. Of course you never know, things can pop up and very quickly, all of the sudden you can have a big green day.
But mostly likely this challenge is going to carry into my May statements. I’m thinking it in terms of statements. If I had finished on the April statement, up to April and then I’m done. But it’s going to go into May so the May statement will be included in this challenge which is fine. But it is important that the entire month of May is green. It’s not just crossing the challenge on the first day of the month because then if I close the month red, my statement balance will not be over the million dollar level. And I want to close a statement balance above the million dollar level for my records and everything. So that’s fine. This will just be one more month in the journey, carry me through the month of May. And then hopefully by June, this challenge is wrapped up and I’m able to start focusing on what my next challenge is going to be.
So anyways, that’s about it for me. We’ll be back at it first thing tomorrow morning, 9:00, 9:15 live streaming pre-market analysis. Hopefully we have a good gap scanner. I’m getting tired over here so I’m going to switch gears, refill, get a little caffeine here and try to get some work done and then I’ll see you guys in the morning. All right everyone, I’ll see you guys first thing tomorrow morning.
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We hit Facebook on an earnings gap fade play, right out of the open, for nearly 8,000 bucks. And that’s just one single trade. So, I’m going to show you guys a little bit more about my technique on this and help you better understand what it takes to achieve these type of wins. And hopefully that’ll help improve your trading. So stick with me as I run through this Facebook trade in today’s recap.
All right everyone. So here we are, fourth greening day in a row. This has been a pretty solid week. Started with 6,500 on Monday, 2,500 on Tuesday, 2,500 on Wednesday. So that put me up about 11,000 on the week. And now today, in my IRA account, I’m in great shape, up 4,700 bucks, up 5,193 on ARCI. But in my main account I’m down almost three grand on ARCI. So I’m up today net, about $1,700, $1,800 between the two accounts, which is good. It’s a little bit below my daily goal of 2000 a day. I’m a little disappointed that ARCI didn’t work out a little bit better, but any day I’m walking away with more money than I had an hour and a half ago, is a great day. And today’s another green day. So the bunny rabbit ears stay on here, since I haven’t had a red day yet since Easter.
So let’s look at ARCI. This one I was aggressive on, no doubt about it. I was pretty confident on this one, that it was going to give me a lot of opportunities. So let’s check this out. So ARCI this morning was already up 58% pre market. This thing was 58% pre market plus it had a float of 600,000 shares, so a super low float. The volume was already about 2 million shares. So you know everything on it pretty much checked out. I was really hoping it would open right around here, 7.50, 7.60, and as soon as the bell rang I was going to be a buyer for the break over the pre market high of 70, 75 with a first target of $8. Unfortunately because it already had 2.6 million shares of volume pre market, it actually broke that level, pre market.
So pre market it hit a high of 814, or 813. So the bell rings and ad right away it starts surging up. It opens at 8.01 and surges up. So I took 9,000 shares at 24, and sold half at 49 and sold the rest at 37 and 32. So in the first like, what is this 18 seconds, 20 seconds of the day, I was already up 1400 bucks or 1500 bucks. It hits a high of 50 it then drops down to 7.90 and then it squeezes back up. And I got back in right here. So let’s go back down. So let’s look at this trade. So I got back in at 8.35 35. 8.43 and 8.45 right here, and I stocked out right here. And I had 9,000 shares again on the second trade. And so I went from being up 1500 to down 2,900. So I lost about $4,500 on that second trade, which was disappointing.
And I was frustrated because I really thought it was going to break over the half dollar. I jumped in here at 35, anticipating it did go up to 48, so I was up. Well I added also at 45, so added right into that, was expecting a break of 50 and move up to 65, 70, maybe $9. And that did happen, but not where I thought it would. And on this drop here, I was just like, “Well, I got a couple of loss. I got to bail out.” And so that was the biggest loss probably in the last two weeks, and put me down 2,900. And so at that point I was like, “Okay, well I am maxed out on this account.” So let me just show you, if I try to place a trade here to buy, it’s going to say … Let’s see, where is it?
Down here, “Cannot place any long opening position on my account.” And that’s because I’m below my $2,000 Max loss in my main account. So this is what I’ve been doing for the last couple of weeks, or maybe the last month or so. If I hit my max loss in this account, then I switch to my other account right here, and I have my max loss a second time. If I hit max loss in both accounts, obviously I’m done for the day, that’s it. But just because I hit my max loss in one account, when it happens really quickly on one trade, it doesn’t mean that there aren’t going to still be good opportunities. However, I don’t want to keep trading in this account, because I don’t want to keep looking at this red number. I don’t want to look at being down 2,900, and then maybe on the next trade I’m down only 1500, and then I’m down only 700. I don’t want to be looking at that red number.
And so I just basically start the day over and clear it out. So now I’m in my second account, and on this one, as it started to squeeze back up right here, I got back in. And look at how fast this trade was. In at 31, 40, 38 and 40, with 9,000 shares. And four seconds later, I’m selling half at 73, the high was 75. I’m selling half at 73 for an instant, $1,200 of profit or $1,400 of profit. It’s was just instant. Pulls back for a second and squeezes up to nine. As it pulls back, I added 69 and 71, and I’m selling at a little bit 76, I add back at 94, 95. Sell some at 98. I then add back at 79, 80 and 82, I sell at 87. This is scalp trading, adding at 94, 95, and boom, there’s a nice quick win right up to 24. Adding at 22, selling at 39, adding at 29, selling at 42. These are just small scalp trades, adding at 38, selling at 50.
High of day and then this was a trade that I lost on. So this ended up hitting a high of 56. And I was able to make $5,000 in my IRA account, which is great cause that’s tax free. Anyways, so $5,100 of profit right there, solid trade. And then [MOXC 00:07:22], I jumped into, that was off the high day momentum scanner. And I thought maybe it was going to work. I got into at 61 for the breakout, and ended up stopping out of that with a $500 loss. So whatever, not a big deal. But that’s where I’ll finished the day, up $1,700, in nice shape in this account. So if I go to settings here, we can see what this account balance is. The balance has been moving up. Equity add, so sitting at $121,000, so I’ll be around 125 tomorrow. This one was at 52, just under 52, so it would be back down to like 48 tomorrow. But that’s okay.
So either way, I’ve got a good cushion on both these accounts. And I’ll pop that back off, because I don’t really want to look at … Well, I don’t know, maybe I’ll just leave it on there. Because the only problem is that sometimes I accidentally trade in the wrong account. But yeah. So you know, this ended up being a pretty good day. ARCI had a lot of potential, it just wasn’t as easy to trade as I thought it would be. And then of course, it dropped here, got halted going down, bear flagging here and then dropping again to the downside. So I don’t know, and we really didn’t have any other momentum today. We didn’t have anything else that was really solid.
I would say my edge for finding my entry point, is a combination of having a pretty good understanding of chart patterns. Of course, I mistimed this one, but pretty good understanding of chart patterns, combined with a really good understanding of level two and time in sales. And so, the reason I punched that buy button where I did, was I saw green buyers coming in, and it looked to me like it was going to break. And so boom, boom, I jumped in, and then all of a sudden, if you have a big seller, a hidden seller or whatever, that can ruin the pattern. And that’s kind of what happened there. And then we flushed down here. We went red on the day, and then all of a sudden ripped back up. So if it wasn’t for this move right here, I wouldn’t have made back my money on this stock, that’s for sure.
But you know in any case, hey, lived to trade another day. Today wasn’t the most graceful day I’ve ever had. It wasn’t picture perfect, but it’s a green day, and I’ll be happy with that. So again, one o’clock eastern, we’re going to host a day trading workshop. So those of you guys that want to register, who haven’t already, you’re welcome to join me. And everyone else, I’ll see you guys first thing tomorrow morning, around 9:15. We’ll try to finish up this week with maybe the fifth green day in a row. That’d be nice. All right, so that’s the goal, and I’ll see you guys… Most of you I’ll probably see later this afternoon in our workshop. All right, I’ll see you all in a little bit.
Hey everyone. Thanks for watching the videos. I’ll continue to make sure that all of the watch lists, as well as the recaps are available to all of you. Make sure you subscribe to keep up to date on what’s hot and what’s not in the market.
What’s up, everyone? All right, so it’s about … What time is it? 6:12 in the morning, and just outside San Francisco getting ready to head back on a flight to New York. And I was just sort of thinking about trading the last few days.
An Early Morning Drive With Ross - YouTube
I’ve been in a little bit of a slump, and any time this happens I get pretty sort of self-reflective of what’s going on, why is this happening, and I think that’s something that probably every trader goes through. So I thought for a few minutes we would talk a little bit of this slump, how to get out of it. Those of you guys who’ve ever been in one or in one right now, hopefully this’ll give you a couple of tips.
So over the last three days I finished my third red day. And three red days in a row, it’s not something you go for. You definitely aren’t going for a record of how many red days in a row you can have. That’s not a record that you want to try to set, but yeah. It’s my third consecutive red day, and what’s interesting is that I had a really good green day last Friday, and then Monday I had a small green day. I made about $1,800.00, and then on Tuesday I lost 2,500, and then on Wednesday I lost another thousand, and then Thursday I lost 1,300. So over the course of three days I gave back about, I don’t know, 4,800, five grand or so, and realistically speaking, it’s not going to kill me, but three red days in a row isn’t fun.
So as I was kind of looking last night at the stocks that I’d been trading and kind of what had been working and what hasn’t been working, what I noticed over the last couple of days were a lot of false breakouts where … I mean, my strategy of being a momentum trader, for the most part, is to buy stocks high and sell them higher. And a lot of people say, “You buy low, sell high.” That doesn’t really work for day trading unless you’re trading reversals, where you’re buying stocks that have been selling off all day and you’re doing a bounce. Reversals can work. It’s a strategy that I trade from time to time, but you’re buying something that’s very weak. You’re buying weakness. And so you have to be really careful about that, because sometimes you mistime it, and you’re trading against the trend. Trading against the trend is risky, so I like to trade with the momentum.
So when I see a stock going up, I buy it as it’s going up, buying it high with the goal of selling it higher. And of course, the lowest-risk place to buy strong stocks is generally on a brief pullback. So I was trading a lot of these brief pullbacks over the last three days, and what kind of kept happening was I was buying a stock that moved up, pulled back a little bit, got in it, and it came up and would sort of re-test the highs and then just sit there for a second and then drop.
And I’ll say that I can be fairly impatient as a trader. That’s something that I ultimately … Ultimately, it’s something that I want to get better at, being a little more patient, but I think a lot of traders are impatient. And I think when we get into stocks for breakouts and they don’t happen right away, there’s just sort of a tendency at a certain point to be like, “All right. I’m giving up on this thing. I don’t want to risk it. I better just get out and get my profit.” And then you multiply that trader mentality across 100,000 traders or whatever it is, and when you have stocks that start hesitating that’s enough for people to bail out. So that’s kind of that funny thing of …
We talk about candles of indecision, doji candles and things like that, and when you’re trading momentum, seeing indecision is, like … That’s a big red flag. You don’t want to see indecision. You want to see very strong bias, stocks moving up quickly. And so over the last couple days I just had a couple trades where it was like … I got in for the breakout on a good quality setup, a totally valid setup, and the stock would pop up five cents, eight cents, maybe 10 cents. That’s the short-term resolution, but it wouldn’t break over high a day, and then it would end up failing and dropping back down. And that was starting to get a little frustrating.
And so one of the things that I often will tell myself is when we have a period where the market is feeling a little bit choppy, things just aren’t really opening up the way I’d like them to, and feels like every time something pops up it gets resistance and sellers and it just drops right back down, I usually say, “All right, you know what? You got to step back a little bit.” Instead of being really aggressive and jumping on everything that hits my scanner, which is valid during a strong market, hold off for a second and let something prove its strength. And … All right. 9.5 miles. So we should be good on her chatter for a little bit.
So the strategy there is to just sort of slow down a little bit. Wait for something to prove itself. By waiting for a stock to prove itself, which is to go up 20, 30%, to really start to open up for the first pullback to go to new highs, and really to start to make some bigger moves. It might mean you miss the first stock that starts to take off, but on the other hand, if you’ve got … Let’s just, for instance, say we’ve got a pitcher up on the mound and he’s throwing wild pitches, and you’re ducking left and right, you’re going to be really, really defensive until they start coming in as solid strikes that you should be swinging at. And so you might miss the first one, but then you’re like, “Okay, this guy’s getting it dialed in. I can start to really get aggressive on the next couple setups.”
Being able to adapt your strategy to a changing market is super critical, and I don’t mean change completely the way you trade. For me, I’m not going to go start trading Apple and Facebook just because the last three days were tough. I don’t want to do that. I don’t want to change strategies. I want to just kind of fine-tune, just slightly adapt the existing strategy to accommodate the market that we’re seeing right now. And so for me that’s going to be being a little bit more cautious about how quickly I jump into stocks, wanting stocks to prove themselves to me a little bit more.
And one of the things that is definitely tough about trading … I’ve had people ask me, “Ross, if you’re averaging about 70% accuracy over the course of the last three years of trading, for instance, why don’t you just stop worrying about all this and just always trade with the same size always?” Well, the problem there is that during a cold streak you’re not minimizing your drawdown. During a cold streak when the market’s not hot, stocks are popping up and failing, popping up and failing. You’re just going to be losing money, so it makes sense to reduce your share size and be a little more conservative, be a little slower to jump in stocks. Wait for them to prove themselves.
And then likewise, during a hot streak you’re not maximizing on the opportunity because you’re not being as aggressive as you could. We’ve had days, and I think back on some of these days where we’ve had some stocks go parabolic. We’ve had days literally where a stock will hit the scanner, my high day momentum scanner, squeeze up 10%, get halted, open 10% higher, squeeze up another 10%, get halted a second time, gap up 20%, squeeze up another 10%, get halted, and within a period of 15 minutes the stock goes up 40%. It doesn’t make sense, but it’s emotion.
The emotions start running really, really high in the market, especially when you have a stock like BSPM or RKDA or LFIN, DRYS, any of these stocks that just go parabolic, which is to say that they go up in excess of 200% within a period of, I don’t know, like a couple hours. It starts to get traders really excited, ancy, and impatient waiting for that next move. It’s like the next thing it starts to take off … If I miss BSPM, there’s no way that I’m going to miss this other one. I’m going to jump in it that much faster. And, I mean, I do it myself, because it’s hard to fight that instinct.
And again, you got to remember the market. It’s where hundreds of thousands of millions of traders come together, and in a lot of way it’s driven certainly by speculation and by fear and by greed. And so when you have traders who are very, very fearful. You can have markets that are very hesitant and are weak. And when you have traders who are feeling more greedy and you’re seeing big moves and they want to try to get a piece of the next one, you’re going to see markets that are irrationally strong.
You know, that old saying of the markets can be strong … The markets could be irrational longer than you can remain solvent. Sometimes I’ll see beginner traders short a stock that’s up 100% thinking, “Look, it’s up 100%. This is crazy. Doesn’t even have news.” Next thing you know, the stocks up 200% and they’re like, “What is going on? This is crazy.” 300%. What? How’s this possible? 400%. 500%. 600%. Just like that, they’re account’s blown up. They’re gone. The stock goes up 650%, and then two weeks later it’s all the way back down to its original price. So you had this little pocket where emotions were running extremely high on the stock. Volume was really high, far above average. Goes totally crazy, and that short seller may have been right, ultimately, in the long run, but could not remain solvent long enough to hold that position.
And you look at a stock like LFIN that goes from $7.00 to $140.00. That’s crazy, crazy, crazy, crazy. That’s like 2000% move, and now the stock, I think, is de-listed. I mean, it’s like zero. So, I mean, ultimately someone who shorted at 50 bucks was right. But could they afford to hold it to 140? Probably not. And so this is where emotions start to run really high, and again, you have to, as much as you possibly can, not apply a strong mental bias to the stock of it should do this or it should do that, because stocks are perfectly happy to do the opposite of what you think they should do. And instead, simply focus on trading the chart pattern that’s in front of you while at the same time keeping mindfulness and awareness of the general market sentiment and sort of the momentum meter, which, you know, isn’t like a real thing. It’s just the general trader consciousness. Are traders currently right now really aggressive or really kind of fearful?
And I would say the way I would try to create a MOMO meter would be to run some type of scan of in the last three days, how many stock have moved up more than 100%? And any time that number is higher than, I don’t know, two or three, you’re in a pretty strong period of momentum. If in the last couple days you’ve only had stocks going up 50%, okay, meter’s a little lower. If you only had stocks going up 20%, that’s a very slow market for active day traders. 10%, 15%, that’s horrible. So kind of measure that way, because when you’re in a market where you’re seeing stocks every other day going up 50 to 100%, 200%, that’s when things are getting crazy.
So anyways, for the next couple days next week I’m just going to try to focus on sitting tight a little bit until momentum takes off, not trying to really be the first one to jump on a stock that hits the scanner. Let it prove itself to me and then go ahead and take a stab. All right. So that’s it for me. Getting close to the airport here, so I got to switch gears and get focused. I’ll see you guys back in the chatroom.
Oh, hey. I didn’t see you there. Well, 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.
What’s up everyone? All right, so here we are finishing the fifth consecutive green day. The bunny ears, wherever I put them, they’re going to stay on next week. I said I would wear these until I had my first red day.
Five Days of Green +$1,200 | Ross' Trade Recap - YouTube
Well, five green days in a row, finishing up April in really good shape. Monday was awesome, $6500. Tuesday, Wednesday, Thursday, small green days. Here we are Friday, up $1200. It’s a small green day. It’s not quite my $2000 daily goal, but as I always say, green is good and it’s a great way to finish the week, go into the weekend feeling good, and of course we’ll be back at it Monday, Tuesday, last two days of April, try to finish off April with a couple more green days, and then well, starting over, May. It’s a brand new month, brand new goals.
So, mid-week next week what I’ll do is I’ll probably go over all of my trades from the month of April, my metrics, my accuracy, profit/loss ratio, what worked, what didn’t work, so we’ll get some interesting insights there and that’ll help me make the game plan for the month of May. Now tomorrow I’m going to upload a driving with Ross video from San Francisco last weekend, and last weekend I had just finished three consecutive red days and during that video I was kind of talking about what my game plan would be coming Monday morning. And here we go, five green days in a row, followed the plan, I feel really good about that and so yeah, enjoy that video tomorrow as usual with the video today, mid-day recap. Any questions, any comments, leave them below. I’ll come through in the interim over the weekend and I’ll see you all first thing on Monday morning. All right? See you guys later.
All right everyone, let’s see, all right so we’re going to go over the trades from today. We’ll do a little mid-day market recap. Kind of an uneventful day. I’m up $1237, so a green day, which is terrific. Fifth green day in a row. This has been a pretty nice week. I haven’t had too much stress. $6500 on Monday, got me a really nice cushion on the week and then $2500 Tuesday, $2500 Wednesday, $1700 Thursday, and $1200 today. The green days yesterday and today are a little smaller, a little below my daily goal, but I’m not going to complain. I traded for about 15 minutes today. My last trade was at 9:42 and that was it. So, 12 minutes of trading, $1200 bucks, $100 a minute, that’s okay with me and I’ll live to trade another day, be back at it on Monday morning.
So because it’s my fifth consecutive green day, my Easter bunny ears are going to stay on here into next week. I said I would keep them on until my first red day. So this is the beginning of a green streak, which is great, but it doesn’t mean I’m going to be wearing these things for a bit longer. So, the interesting thing … By the way, live trades yesterday on ARCI uploaded to the live trading archives for Warrior Pro students, so you guys can go check those out if you’d like. The interesting thing the last few weeks has been that I’ve done really well, actually, on gap and go trades. There have been a couple that have opened and sold off right away, but when we’ve had a good gapper near the top of the scan float under 10 million shares, the price is good, it’s got a good daily chart, I’ve been able to do well.
And today HRE was that stock. It opened, it was already up 60 percent pre-market, pre-market pivot right here at $267. I jumped in at $260. It opened a little lower, it opened at $254, surged up, I got in at $260, it squeezes up to a high of $315. I actually could’ve made more on it, but I scalped the first trades. You can see here in the first two minutes, it popped up to $88 and then dropped all the way down to $40 and then ripped back up. So right here I made money. I got back in right here and then I gave back a little bit of profit right here. I wasn’t holding through there, but I got back in expecting and thinking it was going to go up higher and so I was up about $1500, gave back $500, whatever. Still green on the name, so I’m happy with that.
But year, that first five, 10 minutes has been really good for me. We got the same thing on ARCI yesterday. We can go back and look at that one. A little wimpy, not something that I would just hold for the first 10 minutes, but still actively scalping it. You can see this did the same kind of thing. It squeezed up out of the gates, pulled back, dropped here, and then ripped up. So, it gives you a couple opportunities. The first right there and the second one right here as it moves higher. I did better on ARCI yesterday than RIG today, but in any case, $1000 bucks on RHE right off the gap scanner. CTRM was on the high day momentum scanner. The MOMO scanner was a little on the light side today, not a lot on there, but I did jump in this. I got in high at seven dollars. It only hit a high of seven twenty, so I only made $149 on it and then it came back down.
I could’ve probably gotten in a little earlier, but I don’t know. I wasn’t totally sure about it, I waited for a little more volume to come in, and then I ended up buying in a little near the highs. $861 or so was the daily resistance point, so I saw that it had a good amount of room up to that $860 level, but not the easiest one. So, whatever. No worries there. Basically a break even trade. And that was at 9:42, so then I was like, you know what, we’re not seeing a lot of momentum today. I’m going to sit tight, I’m going to watch the high day momentum scanners, and nothing ended up hitting that scanner at all. I mean, the scanner just ended up being dead. Literally since 9:42 only one stock has hit the scanner and it’s like 10:30 right now.
So that’s the way Fridays sometimes are. They’re hit or miss. Sometimes you get great opportunities on Friday and other times things really slow down. Now, coming tomorrow on YouTube, I’m going to upload a driving with Ross video from San Francisco, from last weekend. When I did the video, I recorded it on Saturday morning and it was just after I had finished three consecutive red days. Now, the red days were all small fortunately, but I was feeling a little bummed out and kind of trying to put together a game plan of how I would bounce back this week and I did it. Definitely bounced back this week, five consecutive green days in a row, up somewhere around 12-$13000 dollars on the week. Up $42000 on the month, so things are looking up, which I’m really happy about. We’ve got two days left in the month of April, Monday and Tuesday, and then we’re going to start over a new month. So, new month, new goals. It will definitely be an opportunity to go back and look at everything that I did in April, what my metrics were, my profit/loss ratios and everything else.
Yes, I do have a Center Point account, however, they haven’t had accessibility, they haven’t had borrows of most of the stocks I’ve been wanting to short. I’ll pull up the account here and we can just take a peek. I tried to borrow ARCI yesterday and I couldn’t get any shares available so let’s see. All right, so let’s try RAG, rejected, no shares available. RBZ, RBZ is six cents per share, so reserving 1000 shares would be $58. Reserving 10000 shares would be $580 and you know I like to trade with 10000 shares. What’s another one? CTRM, five and a half cents per share, $55 for 1000 shares. So, you know, I set up the account hoping that … Well that one’s cheap, but it’s also 20 cent stock. Yeah, I was hoping I’d be able to do a little more trading in it, but a lot of the stocks that we’ve seen, ARCI, they have shares available today, but that’s not helpful. They didn’t have them yesterday.
The floats have been really low and I think those ones maybe have been harder to borrow. I may end up setting up a CMEG account once I finish this challenge that I’m working on right now. I might do that. That may be a better route to go. So, yeah, it’s cool you can locate the shares right here, it makes it very fast, you don’t have to call anyone, but then the stocks that are kind of in play the most each day, I haven’t been able to get borrows on. Yeah, I don’t know. Not really sure what to do about that. But in any case, yeah, so that answers your question on that. And let me pop up here … I’m going to pull up a video here for you guys.
So, this is, I’ll just give you guys a little sneak preview of … This was uploaded for Warrior Pro students. So this is the live trades from yesterday on ARCI. I tried to reserve the shares, there’s no availability. That was at 9:15, so I thought I was early enough. So, we’ll get closer to the open here. All right, so here’s the bell and this is the same thing that I did today basically. Jumped in out of the gates, the bell rings, it’s squeezing up, I jumped right in there expecting a break pretty much immediately of the half dollar. It hesitates for a second, 30’s, 30’s, but we almost always have a lot of buying right out of the gates. Looking for that break over 35 now, that’s the high day. There’s 30, 35, there we go, there’s 48, there’s 50, selling half, selling half, and that’s $1500 of profit in 20 seconds of trading.
So, these are the types of videos that Warrior Pro students, you guys have access to. Just kind of being able to see what I’m seeing on the level, where I’m getting in, where I’m getting out, this is some pretty helpful stuff. This is when I switched over to my main account or my other account, scalping it on the way up here. So, that was that account and then boom, from here this was the big trade right here. As it broke this level, it squeezed up, I jump in at 36, boom there’s the half dollar just like that. Boom, there’s $1700 right there. So, yeah, I encourage you guys to get in there and watch these videos.
All right, so that’s it for me. Make sure you check out the video tomorrow, Driving With Ross, and I’ll see you guys all first thing Monday morning. Hopefully we’ll have some good stocks on the gap scanner and we’ll be able to make a little bit of money and get the week off to a good start and also finish up the month of April with two more green days. All right everyone, I’ll see you guys first thing on Monday morning.
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What’s up, everyone? All right, so here we are, fourth green day in a row, technically. I’ve got one ear down because I’m red in my main account, down three grand, but I’m up 4,700 in my IRA.
Down In One Account, Up In The Other +$1,700! | Ross' Trade Recap - YouTube
Net, $1,700 of profit, just shy of the daily goal, another good, solid green day. Monday was great, 6,500. Tuesday, Wednesday, Thursday here all been between 1,700 and 2,500, so I’m sitting up probably around 12, 13,000 on the week, which is great, and that means I’ve really only got, I think at this point, gosh, I’m going to have to pull my sheet and see where I’m at on this million dollar goal. I am getting really close to the level.
I don’t think it’s going to happen this month by the end of April, but maybe if not next week, the week after. Of course, at the same time, with ARCI today really up 58% pre-market and then taking off, I was thinking that that stock might’ve had home-run potential, and if it did give me a home run, I might’ve crossed the line today, but ended up not really being as easy as I thought. In any case, green is good. I’ll be back at it first thing tomorrow. As usual, any questions, any comments, leave them below, and I’ll see you guys live streaming 9:15 tomorrow morning.
All right, everyone, so here we are, fourth green day in a row. This has been a pretty solid week. Started with 6,500 on Monday, 2,500 on Tuesday, 2,500 on Wednesday, so that put me up about 11,000 on the week. Now, today, in my IRA account, I’m in great shape, up 4,700 bucks. Up 5,193 on ARCI, but in my main account, I’m down almost three grand on ARCI.
I’m up today net about $1,700, $1,800 between the two accounts, which is good. I mean, it’s a little bit below my daily goal of 2,000 a day. I’m a little disappointed that ARCI didn’t work out a little bit better, but any day I’m walking away with more money than I had an hour and a half ago is a great day. Today’s another green day, so the bunny rabbit ears stay on here since I haven’t had a red day yet since Easter.
Let’s look at ARCI. This one I was aggressive on, no doubt about it. I was pretty confident on this one that it was going to give me a lot of opportunity. Let’s check this out. ARCI this morning was already up 58% pre-market. I mean, this thing was 58% pre-market, plus it had a float of 600,000 shares, so a super low float. The volume was already about 2 million shares, so everything on it pretty much checked out. I was really hoping it would open right around here, 7.50, 7.60. As soon as the bell rang, I was going to be a buyer for the break over the pre-market high of 7.75 with a first target to $8.
Unfortunately, because it already had 2.6 million shares of volume pre-market, it actually broke that level pre-market. Pre-market, it hit a high of 5, sorry, 8.14, or 8.13. The bell rings, and right away, it starts surging up. It opens at 8.01 and surges up, so I took a starter of, a starter… I took 9,000 shares at .24 and sold half at .49 and sold the rest at .37 and .32.
In the first, what is this, 18 seconds, 20 seconds of the day, I was already up, I don’t know, 1,400 bucks or 1,500 bucks. It hits a high of .50. It then drops down to 7.90, and then it squeezes back up, and I got back in right here. Let’s go back down. Let’s look at this trade. I got back in at 8.35, 8.43, and 8.45 right here, and I stopped out right here, and I had 9,000 shares again on the second trade.
I went from being up 1,500 to down 2,000, so I lost about $4,500 on that second trade, which was disappointing, and I was frustrated because I really thought it was going to break over the half dollar. I jumped in here at .35, anticipating it did go up to .48. I was up… Well, I added also at .45, so I kind of added right into that, was expecting a break of .50 and move up to .65, .70, maybe $9. That did happen, but not where I thought it would. On this drop here, I was just like, well, I got a couple loss. I gotta bail out. That was the biggest loss probably in the last two weeks and put me down 2,900.
At that point, I was like, “Okay, well, I am maxed out on this account.” Let me just show you. If I tried to place a trade here to buy, it’s going to say… Let’s see. Where is it? Down here, “Cannot place any long-opening position on my account,” and that’s because I’m below my $2,000 max loss in my main account.
This is kind of what I’ve been doing for the last couple of weeks, or maybe the last month or so. If I hit my max loss in this account, then I switch to my other account right there, and I have my max loss a second time. If I hit max loss in both accounts, obviously, I’m done for the day. That’s it. But just because I hit my max loss in one account, when it happens really quickly on one trade, it doesn’t mean that there aren’t going to still be good opportunities; however, I don’t want to keep trading in this account because I don’t want to keep looking at this red number. I don’t want to look at being down at 2,900. Then maybe on the next trade, I’m down only 1,500, and then I’m down only 700. I don’t want to be looking at that red number, and so I just basically start the day over and clear it out.
Now I’m in my second account. On this one, as it started to squeeze back up right here, I got back in. Look at how fast this trade was. In at .31, .38, and .40 with 9,000 shares, and four seconds later, I’m selling half at .73. The high was .75. I’m selling half at .73 for an instant $1,200 of profit, or $1,400 of profit. I mean, it was just like instant.
Pulls back for a second and squeezes up to 9. As it pulls back, I add at .69 and .71, and I’m selling at a little bit .76. I add back at .94, .95, sell some at .98. I then add back at .79, .80, and .82. I sell at .87. This is scalp trading, adding at .94, .95, and boom, there’s nice, quick win right up to .24. Adding at .22, selling at .39. Adding at .29, selling at .42. These are just small scalp trades, adding at .38, selling at .50. High of day, and then this was a trade that I lost on. This ended up hitting a high of .56, and I was able to make $5,000 in my IRA account, which is great because that’s tax-free anyways. $5,100 of profit right there, solid trade.
Then MOXC I jumped into. That was off the high-of-day momentum scanner. I thought maybe it’s going to work. I got in at .61 for the breakout and ended up stopping out of that with a $500 loss. Whatever, not a big deal, but that’s… Well, I finished the day up $1,700 in nice shape in this account, so if I go to settings here, we can see what this account balance is. The balance has been moving up. Equity. Add. Sitting at $121,000, so I’ll be around 125 tomorrow. This one was at 52, just under 52, so it’ll be back down to like 48 tomorrow, but that’s okay.
Either way, I’ve got a good cushion on both these accounts. I’ll pop that back off because I don’t really want to look at… Well, I don’t know, maybe I’ll just leave it on there. The only problem is that sometimes I accidentally trade in the wrong account.
But yeah, this ended up being a pretty good day. ARCI had a lot of potential. It just wasn’t as easy to trade as I thought it would be, and then of course, it dropped here. It got halted going down bear flagging here, and then dropping again to the downside. I don’t know. We really didn’t have any other momentum today. We didn’t have anything else that was really solid.
I would say my edge for finding my entry points is a combination of having a pretty good understanding of chart patterns. Of course, I mistimed this one, but pretty good understanding of chart patterns combined with a really good understanding of level two and timing sales. The reason I punch that buy button where I did was I saw green buyers coming in, and it looked to me like it was going to break, and so boom, boom, I jumped in, and then all of a sudden, if you have a big seller, a hidden seller or whatever, that can ruin the pattern.
That’s kind of what happen there. Then we flushed down here. We went red on the day. Then all of a sudden, rips back up. If it wasn’t for this move right here, I wouldn’t have made back my money on this stock, that’s for sure, but in any case, hey, live to trade another day. Today wasn’t the most graceful day I’ve ever had, it wasn’t picture-perfect, but it’s a green day, and I’ll be happy with that.
Again, 1:00 Eastern, we’re going to host a day trading workshop, so those of you guys that want to register who haven’t already, you’re welcome to join me, and everyone else, I’ll see you guys first thing tomorrow morning around 9:15. We’ll try to finish up this week with maybe fifth green day in a row. That’d be nice. That’s the goal, and I’ll see you guys, most of you I’ll probably see you later this afternoon in our workshop. All right, I’ll see you on in a little bit.
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What’s up, everyone? All right, so here we are Wednesday morning, finishing my third consecutive green day, up another $2,500. That feels good, and guess what? Today, I’m crossing $40,000 of profit on the month, which means I have now hit my monthly goal with four days left in the month. That’s just going to add some icing to the cake.
Aiming For Those Base Hits +$2,500 | Ross' Trade Recap - YouTube
Now I’m in a position where I’ve got my monthly goal, I’ve got a little bit of a cushion here, a solid month, and if we see a couple of opportunities here Thursday, Friday, Monday, Tuesday, I can take a position, let it ride a little bit knowing that I’ve already gotten my monthly goal. I can afford to take a little bit of risk, maybe not lock things up quite as quick, and look for that bigger move.
Now, guess what? I’m also at, let’s see, right now, I’m $986,000 of profit in the account that I started on January 1st, 2017 with $583. I’m about 13 grand away from crossing the million dollar line, and it’s kind of exciting to be coming right back up to that level. I’m not trying to cross that line with a home run. I want to cross that line just with another base hit, walk that player in and, boom, be on the score board. $583 to a million dollars. It can be done.
All right, and remember guys, tomorrow 1:00 p.m. Eastern I’m hosting a free Day Trading 101 Workshop, so I’d love for you guys to register. The link to register is below, and I’ll look forward to seeing you guys there. All right, everyone else, I’ll see you first thing tomorrow, Pre-Market Analysis around 9:00, 9:15.
All right, everyone, so here we are, finishing up the morning $2,454 of profit, which is great. That’s going to put me up as of today over 40,000 on the month, so now, I’m hitting my monthly goal, which is great. Bob, no, TradeZero doesn’t have those halt levels. I wish they did, but they don’t. It’s only the Sterling software that has it, so yeah. I’ll write down the broker for small account, CMEG. I see someone drop the link there as well. For those of you trading with accounts as small as 500 bucks, CMEG is the broker that our students are using.
Anyways, you can see the P&L here. I’ll drag this over. I’ll just put it, well, I’ll just put it right here like that. That’s where I’ll finish today, third green day in a row. Bunny ears bring me luck, so as promised, I’m wearing these until my first red day, and they’re going to… Well, I’ll see how long I’m wearing them. I mean, third green day in a row, which is terrific. Definitely happy about that. We had a great start on Monday. Some good momentum yesterday. Gave back a little bit of profit, and then toady, I’m finishing it high of day, so after my last trade, got myself up 2,400, and I’m saying, “Yup, that’s it. I’m done for the morning.”
Feeling really good about the momentum that we’re seeing. I’d love to see a stock that makes 100, 200% move. The big mover today would be MTP. Interestingly on this, it’s up 44% right now on 25 million shares of volume. It was actually really pretty difficult to trade. You can see it did give a five-minute setup here that was okay. This did a false breakout before going, and the one minute was very choppy.
I made about $700, $800 on it in the first few minutes, jumping in out of the gates at 3.05, selling at 3.10, getting back in at 3.10, selling on the move up to 3.20, and then I got back in right here on that false breakout and ended up giving back and losing $600. That was basically the end of it for me, and I didn’t get back in. It was at, squeezed up right in here. I just sort of missed that. I’m fine with it. I could’ve been more aggressive, but at the same time, green is good. I started to just feel like it was a little bit more difficult, so I decided I’m going to leave it alone.
One thing that I notice, when I pull up these stocks and they give me four decimal points out, these ones I found are often more difficult to trade. I’m not sure why that is, but it is definitely a pattern I’ve noticed. BM, BIM, sorry, BIMI up 10% right now, 9%. This one, got an $850 winner on. You can see it’s not doing that four decimal thing. RBZ, RBZ, that one’s not doing it. MTP, well, at that moment didn’t do it, but it did several times earlier. This one, this one also does it, and this one wasn’t super easy, ARCI.
What was kind of interesting this morning was on our gap scanner, we didn’t have a ton that looked interesting. Our gap scanner was basically MTP, and that was it. It was obviously the leading gapper, up 28% pre-market with 200 million shares of volume and a 1.5 million share float as you can see right here. The bell rings. It squeezes up. That was really the main stock.
RBZ was on the Momo scanner a little further down, sorry, on the gap scanner a little further down, gapping up about 8% with a 1.4 million share float as well. This one gave a couple of opportunities. You can see right here, it was a red to green move. I took that trade there, and then it came up here, and I got in for the break of 6 and sold on the move up to the high of 6.15. This break of VWAP was pretty powerful. I didn’t take it down here because this attempt failed, and I just wasn’t sure it was worth really trying to take a second stab at it, but I ended up getting back in once it showed me confirmation, which is okay. That’s a decent way to do it.
That was RBC, and then basically by 10:00 a.m., I was up 765 on RBZ and I was up 200, or 184, on MTP, so I was up about $950, which is a decent day. I said, “Well, listen. I’m going to sit tight here for a little bit, and we’ll just see if something hits the high-of-day momentum scanner because you never know when something will pop up at 10:15, 10:20 and give us a great a opportunity.”
CTRM pops up on the scanner. I looked at it. 800,000 share float is very low. It is a former runner, but I felt like it needed to be above $6 to kind of just look a little bit better, and it just couldn’t do it. That one I hesitated on. When it hit the scanner, it was like right here, so I was like, “I don’t know, there’s really no chart. I’m just going to sit tight on it.” DSS hit the scans, but it’s a cheaper stock. It did end up… By the time it was on the scanners, it was up in the high .30s. It squeezes up to a high of .43, but that’s not a lot of potential, so I left that one alone.
Here we have BIMI hit the scanner at 4.65. Now, when this one hit the scanner, I was just… it kind of was out of nowhere. All of a sudden, the stock is hitting the scanner. I look at it, and this is where it was, right here. This is what the chart looked like. I was like, “Whoa. This thing jus came from $4 and it’s up at 4.80. It’s up 20%, and it’s moving quickly,” so I went ahead and jumped right in. I got filled at .93, 4.93 going into a circuit breaker halt. It was halted at .93. It resumes way up here at 5.25, which is an immediate 30-cent winner, and it squeezes up to a high of 5.50, which there was then a 30,000 share seller right at 5.50.
When I saw that 30,000 share seller, there were some buyers that started to buy up that seller. It went like .28, .27, .26, and then it dropped down, and I hit the bid selling at .38. I think it was .38, .28, and .17, and then it got halted going back down, which doesn’t look good for momentum. You don’t really like to see that happen. Now it’s below the VWAP, which is disappointing. This was a scalp right off the high-of-day Momo scanner. It didn’t have news, but it did give an opportunity there for, well, $855, from .95 up to 5.30, 5.40 area. At the same time that this was halted, ARCI hits the scanner and also squeezes up and gets halted.
Now, this one I looked at, and I saw there was an 8-K filing on the 23rd, and I saw, of course on the daily chart that this had this history of a former runner, and today it was the first day it was making a new high, so this setup I liked. I went ahead and jumped into this one. It was first on our scanner actually right here, and then I waited and let it consolidate, and as it broke over the half dollar, I got in at .53. I got in at .53. It hits a high of .74 and gets halted. It resumes and hits a high of .80, and then drops down as well probably because BIMI also dropped, and so on that one, a small winner of $650, which was okay. I mean, that was the best I could do on it.
You can see a couple of other stocks are hitting the scanners, and now, we’re kind of seeing this pattern of them popping up and immediately dropping. We saw it there. We saw it WH.. Actually, this one’s holding up a little bit better, but generally, what I do is I’ll trade off the high-of-day momentum scanner until it stops working. When we start seeing stocks that are just popping up and dropping back down and end up going lower than where they originally started, then that’s when I’m like, “Okay, short sellers are in control. There’s an imbalance at this moment to the sell side. I need to step back.”
But at the same time, we’ve seen stocks high the high-of-day Momo scanner, something like BIMI, squeeze up to 5.50, break 5.50, go to $6, get halted a second time in a row. It resumes, taps the 200 moving average of 6.65, 6.70, and then starts to roll over. That, right there, gives you a full $1, $1.50 per share of opportunity.
You never really know if today’s going to be the day where momentum sticks and where traders are really jumping into things aggressively. PHUN right now is up 8%, so let’s pull this one up. I can see the halt level on Lightspeed. This is on Lightspeed and Sterling is at $9. The volume is light, but look. It just went from 7.85 to 8.75. That’s a full dollar per share there in the last two minutes. Clearly, this was a five-minute breakout, and the volume is coming in mostly on this candle.
On the daily chart, you look at it, and you say, “Well, this thing has been a little tough over the last few months, but it’s basing out here, started to open up,” and you never know. I mean, what’s the resistance level on it? Definitely the 20 moving average there, the high of this candle at 11.20, and now perhaps, 9.34, so 9.34, that might be a spot to watch. All of a sudden, in the middle of the morning or the middle of the afternoon, a stock can pop up and give you 20, 30 cents.
Now, as a beginner trader, your goal is just to find one stock each day that has the potential to give you 20-30 cents. The odds of finding that are the highest between 9:30 and 10:30 in the morning. The first hour is when things are most predictable. As we get further away from the open, things start to get a little choppier, the risk is definitely higher, so if you don’t already have a profit cushion, it’s not, in my opinion, a good time to start trading. But these scanners help put these stocks right in front of us. This is how I find stocks to trade every single day, so here’s this back .94 by .80 going a little bit higher on the scanners again as it hits new highs, .90, .93, so .87 by .88. A little bit of a spread there, but .99, $9, 9.10. 9.19 is a circuit breaker halt. This might end up getting halted. $9 by 9.09, 25% up on the day.
This is where certainly if I was willing to be a little bit more aggressive, I could’ve jumped in here on one of these pullbacks. This is where some traders will say, “Ross, sometimes, it seems like you buy stocks as they’re squeezing up.” It’s true. In this example, it works. We, as momentum traders, buy stocks that are high, use tight stops, and then sell them when they’re higher. It is sometimes stepping out a hundred feet off the ground, but as long as we’ve got a harness and a 10-cent stop, then we’re only really only risking a hundred bucks for the opportunity that maybe this does go up to 9.10, 9.20, 9.50 and gives us that $300, $400 winner.
This is now an indicator of a reversal, the red candle at the high. High of day is 9.10. Maybe a short-term reversal here, watch the first candle, make a new high on a bull flag, but in any case, good to see that we’re still seeing a little bit momentum even though I’m calling it a day. This is going to be a day where I’m going to leave a little money on table.
Remember yesterday I gave back a little profit. I traded myself up to about just under $5,000 of profit, but by end of the day, I’d given back more than half of it. Today’s a day where I started kind of slow, $200, 500, 800, 1,000, 1,500, 1,800, got myself to 2,400. Felt like it was a little bit more difficult to get those gains today, so I’m just going to take that and walk away.
Tomorrow, we’ll see what happens. As of right now, I’m up 40 grand on the month, and in this small account challenge, I am sitting right now at $986,000 of profit. I am very, very close to that million dollar spot, which is exciting, about $13,000 away. We’ll be probably crossing that line anytime here in the next couple of weeks. Well, hopefully in the next couple weeks as long as we still have this kind of momentum and it shouldn’t take too many more green days. Slow and steady coming back to that line. March was a tough month for me, but I have been redeeming myself here and April, and I’m going to sit as of today up just $150,000 on the year, which is good.
That has me tracking right now for about $478,000 of profit this year. That would be a little bit less than I made last year, but it’s still only April, so I don’t want to say where things are going to be before, this early in the year. There’s a lot of time to have a couple of huge green days, couple more stocks like RBZ, BBT-H, BSPM, RKDA, LFIN, a couple of those, and things are going to really open up.
I don’t really have any plans to celebrate crossing the million dollar mark. I really don’t. I’m just going to do it, and then it’ll be done, and I’ll just keep trading. It’s really just going to be like any other day. I mean, it is exciting, but I don’t really have any plans at this moment to do anything. It took the wind out of my sales a little bit to come up to a million last month and then lose 50 grand and have to work my way back. Now I’m just like, “Let’s just get over this thing and move on to the next thing.”
Anyways, that’s it for me, remember. Tomorrow, 1:00 p.m. Eastern, free Day Trading 101 Workshop for those of you guys that are not already in the Starter or the Warrior Pro classes. I’ll see you guys tomorrow 1:00 p.m. Easter. The link to register for the webinar is in the chatroom and in the description, so make sure you guys click that link, register. You’ll get a free copy of How to Day Trade, best seller. I’ll see you guys there. All right, everyone, so that’s it for me. I’ll see you all first thing tomorrow morning. Those of you who are registered already for the webinar, I’ll see you guys 1:00 tomorrow. All right, see you guys later.
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.
How’s it going, traders? My name is Hulkman. I am a junior moderator here at Warrior Trading. I wanted to go over today’s trade recap.
To start off the day, we didn’t have much on the watch list that I liked. We had this IRBT. We are in full-fledged earning season, so being a little selective, and watching what I trade.
$SNAP For The $500 Stress Free Win! | Hulkman's Trade Recap - YouTube
This IRBT, I initially didn’t like much in the pre-market, because it had this basing action. You can see, we called support here, called support here, so I thought we’d get a pop on it, more than likely. Then, I thought, “Maybe I’ll take it,” at 114, but it just flushed out of the open and started to get really wicky and choppy. Just not something I wanted to take. I almost took a position here in the [inaudible 00:00:47] the risk on it was about a point and a half to the nearest pivot, or I could have used an arbitrary above the B wave, but it just wasn’t for me.
Ended up working nicely, a lot of traders in the room caught this. Roberto ended up catching it, so great trade. Could’ve used this pre-market low as a stop as well. Like I say, great trade for them. Good job. But, it just wasn’t something I wanted to get involved in today.
Then after that, I had this BSX on watch. Here, with BSX, oops, wrong one. There we go. BSX ahead for initial pop, out of the open. I initially would have liked it to stay under this pivot. We have a trend line here, and a daily pivot, along with VWAP. I wanted to stay below here in the pre-market, but didn’t. It came up. And I was like, “Okay let me see if we reject this 15 EMA.” I wanted to see a nice hard rejection on that. Didn’t reject as hard as I thought, but it did pull down, made the lower high. I’ll show you a granular timeframe.
By the way, quick tip for you guys, if you guys are on e-signal, and you’re trying to use a granular timeframe, the big question I get asked a lot is, “How come my VWAP does not line up with yours?” It’s because you have to include this pre-market data, this purple area I have here. Your coloring may be different, but you have to include all the post-market and pre-market data for that VWAP to match up with your five minute on e-signal in the granular timeframes. Quick tip for you guys that I get asked a lot.
But, my initial plan on this was, “Okay, we start to reject this 15 EMA then on volume, then I want to see what kind of move we get. Saw the pop-up, made a lower high, started to come through VWAP. I said, “Okay, you know what? I’m going to watch this.” Started to see this consolidation area and I told myself, “Okay, we break past this little speed line, then I’ll take a position.” So, took my entry right here as we broke that speed line. Took the starter, wanted to see if we would continue to flush down and potentially fill into this pocket down here. This is a pretty nice pocket. It looks big, but remember, this is 24 seconds. So it wasn’t much, but decent sized pocket, would have been a nice trade.
And I had my stop above VWAP. Came up, tested VWAP, started to reject and then on this push right here, I ended up exiting the position. Pretty much flat, but right there. So ended up right on this one, about 90 bucks. No big deal. We’ll trade this again, like I said. It was just a starter, so I’m okay with that one.
Then after that, I saw Mike talking about SNAP. Let me show you guys the five minute. Had SNAP out of the open for a plan to catch support on this 20 and come back up and test VWAP for the next leg down. That didn’t happen. It stayed relatively extended. And that concerned me a little bit, but started to bear flag out here really, really nice. And it just wasn’t getting much buy pressure. Once I saw that, I was, “All right.” This VWAP started to curl down, and get closer and closer to this 20 EME.
Okay, this is going to be worth the position. Let me give it a shot and see what kind of move we can get. Let me show you guys the granular timeframe. Zoom in. Again, have to include all the pre-market data, for your averages and your VWAP to be correct. Right here. So, I’ll just bear-flag it now and the five minute, was like, “Okay.” Not much buy pressure. If you’re going to get close to this VWAP in 20, then I’ll take the position. And I did realize that we were so extended, so what I ended up doing was taking a starter position on this first test, with the game plan being that we come up and test on a lower high, on a higher low in test, then I’ll add with a stop above VWAP. Or, if we double bottom right around in this area, and come back up in test, then I’ll add for the rollover.
That was the game plan on it. It made it a higher low, and what I started to see was … Typically, I watch my granular timeframe in this form. You got to be extended so you’re not focusing on every little candle. That will tend to shake you out more often than not. If you have your granular time frames zoomed in, like this. So, I like to watch it like this, pretty extended out. Sometimes, even further, depending on the action sometimes. I’ll trade it in this area. So, I just want to see the waves, is pretty much what I’m looking for.
But, zoom in to show you guys, had this speed line up and then once we got this second test here, I add it to the position. Right as we failed, so right down here. I said, “Okay, we start to fail through this speed line, then I’m going to go ahead and get the size.” And as soon as we failed that little small test here, and we came back up, retest right in this area. I add it again. So I went to size here and had about five thousand shares here. I was looking to fill this pocket down to this 50. This is a 50 day off the daily chart.
Had my order to cover the majority position at 11:15, but that didn’t end up happening. As soon as we hit 11:16, you just saw that bid stack up, massively. Once I saw that bid stack up like that, then I just said, “Okay, you know what? I’m not going to mess around with it.” It’s probably going to take a pop. And I ended up exiting the full position right here, at 26. Right here in 26. So, still a good trade. Like I said, didn’t make the move I wanted. Got to respect the rules, got to follow the plan. Ended up rolling over, after the speed test, but I’m still glad I stopped out, this would have stopped me out anyways, of the position size I had.
Had I added heavier on the initial tube before the speed line, then I probably would have stayed in, but that’s not the game plan or the way I usually trade. I wanted to see that actually break and some weakness to it. Plus, the market was ramping up around this time. You see the spy right here. We were just starting to push above VWAP. So, really wanted to see some weakness and still this start to reject relatively quickly, but that didn’t happen.
That’s okay. That’s the trade I took. Ended up being a pretty good day. Still made the daily goal. Recover from BSX. Ended up rolling over and hitting the targets, but as you see now, it just consolidating sideways. So, good out. I’m happy with it. We are in earning season, so important to control your risk, trade well and be selective on what you trade.
Let me show you guys the P and L here. Here we go. So, I got BSX, I took a 97 loss and this TVIX, I took a swing yesterday on the TVIX. I ended up accidentally closing out. I hit the wrong level two on my BSX trade, initially. So, closed out my TVIX on the hotkey error, but that’s okay. 27 bucks. Not what I wanted, but here goes 502 on SNAP. Still, happy with the day. And I’ll just no more trades for today. And wait for tomorrow. See what tomorrow brings, like I said. We’re in earning season, so best to control your risk and be selective. Now’s the time to get it, because once summertime comes, things really slow down. So, hope you guys enjoyed the recap. See you on the next one. Bye-bye.
Oh, hey, I didn’t see you there. Why 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.
Hey what’s up guys? Well, a really great trade to start off the week here, especially after coming off a long holiday weekend. And we were able to lock up nearly 5000 bucks on Twitter. And there are some very technical points here on Twitter that I wanna talk about in our recap that will substantially improve your entry technique. So, stay tuned and let’s break down this Twitter trade.
$TWTR For The BIG Winner +$4.9K! | Mike's Trade Recap - YouTube
Alright, good morning guys. Well, I want to do a quick recap here of this morning’s trade. It is still pretty early here in the day, about 10:45 AM and we are done. We were able to trade Twitter this morning into a gap entry for a really nice win, locked up just shy of 5000 bucks. One single trade, momentum type push on this stock, we were able to get a very sizeable position and ride it into the gap entry and lock up a really nice day. So, I wanna take some time here to break this down. A lot of really great things occurred on this trade and it’s a really great chart to study and learn a lot from. So, let’s take a few minutes and break this down for you guys.
So, we saw Twitter here gapping up this morning. There was earnings on this and it had started to approach a, what we call a gap entry, and that’s a point in the stock price where there’s a break. And if you look at the chart here you can see that the last time we reported earnings or a few times ago what happened was they were poor earnings and the stock opened up much, much lower, leaving this void in through here, which is referred to as a gap.
Now, when you have these spaces, a lot of times when the price re-enters the gap, we start to see a move, a momentum through this space and these tend to be tradable opportunities and especially on a stock like Twitter which is of such high profile. You really wanna pay attention to it ’cause it’s even more likely to make the move if you have a high profile stock and that’s something like Twitter, Facebook, Apple, Netflix. Any of those high profile names you really wanna watch closely when you start to approach these very technical levels.
So, the fact that Twitter was gapping up into the level and we had tested it before, had pretty much established a very significant pivot point as well as the gap entry, and you had room to move. There was nothing else in its way really to stop this thing from continuing to push through the gap. So, we had that up and what we wanted to see on the open was a move over the gap entry and a hold. We wanted to see a confirmed hold above it before we take the position. Now, that doesn’t mean we need to wait the entire time for a five minute candle to close, we just need to see that we at least have some sort of back test, some sort of confirmation, and how we get that is by using the fast time frame.
The fast time frame I use is a 24 second and if you look what happens on here, you’ll see that there’s a confirmed retest and hold along with a few other things that we’ll talk about here shortly that gave us the confirmation that this was ready to try a trade. So, what we saw on this was, here’s the open, we’ve got this huge volume surge that starts to push higher and as with any trade that we take, we always have to wait for a retest or pivot. And essentially those two things are gonna be the same, but whatever way makes more sense for you to understand it, it could be a retest or it could be a pivot.
So, what we have here is the first push and pull back. Pull back, remember this white line right here is the gap entry, so we wanna see it pull back and hold that level to confirm that we have now entered the gap and we do have the potential to continue moving higher. So, we pulled back, we held, we started to push back up off the gap entry. This tells me that we have a confirmed move higher. We are now holding back above the gap entry. This is now time to try a trade and see if we get this to continue higher. So I entered this trade, 3767 is where I got filled anticipating the break since we did hold that gap entry and I got filled 7000 shares. I tried for 10, I got filled seven ’cause it kinda moved quick here, and that’s where we started the trade off.
Now, one thing I wanna talk about here before we move any further is volume profile. This is such an important factor when identifying stocks that have big home run potential. And what you can see down here, and you won’t really be able to see this on any other time frame, maybe the one minute, but you have to pay attention to what the volume is doing. So, notice here what happens at the open. Huge volume spike and then notice what happens as we start to pull back. The volume significant dries up, dies. Now look what happens once we hold, we hold the gap entry and we start to move back higher. Once we confirm that gap entry and put that pivot in, we start to push back higher here, look at the volume. It starts to ramp back up. So we gotta decrease on the pull back, which is essentially telling us that the sellers are a lot less than the buyers, and then we get a volume ramp as we hold and we push up away from that level.
That’s about as much confirmation as you can get on a trade. So once I saw we had that volume profile established and we were holding that pivot level, I was very confident that we’d see this move continue. So, that’s why I anticipate … Usually I won’t anticipate a move, but if we have volume there to support it and we have room to move like we did on this Twitter through the gap, then I will definitely anticipate the trade and this had that, so I did anticipate it.
Alright so I did, again, enter the trade, anticipated the break, we started a break, I sold a quarter of my position at 38, I sold another quarter of my position as we moved through 38.10, and then I had half left, so I held the balance to see if we get a continued move higher. And what happened as we started to move higher here, I sold more as we came into 38.30’s. I sold a little bit more as we came into 38.60’s. And then I had a very small balance and I wanted to see if we could get through 39 is where I would take the rest off. And what I saw over here was we kinda double-topped, we kinda double-topped right here and this is where I sold the balance at 38.80 or 38.70, somewhere through here. I had about 5000 shares left, I just took it off ’cause we didn’t break 39 and I didn’t wanna really give back much and we started to look extended on the five minute.
So if you go back to the five minute chart, you’ll see that it was due for a pull back. We had started to put in this type of candle right here. I had thought we might get a quick pull back to view at before another move up, so I decided to take off the trade. It was a really great start to the day, so I ended up taking it off. But as you can see, after some consolidation here, we ended up moving nicely higher and there was plenty of opportunities to re-enter this and capture another move, but I traded the momentum move and those are the moves that I typically trade out of the first half hour to hour of the day and take my profits and shut it down for the rest of the day.
But, something to really pay attention to here guys, and this is really, really important, is this whole set up here. This is very, very important to understand and really something you need to study ’cause this is what is the driving factor behind the move. So, volume profile, a retest or a back test or a pivot that’s put in, which a pivot essentially is just a higher low or a lower high, depending on which direction you’re going, and that’s also what you’re gonna use for your stops. So when I entered this initially at 37.67, my stock was down here at the low of this pull back or what I call pivot. So, the low right here was 37.33, so just over 30 cents of risk on this and we had really good potential for this thing to continue.
So, really good risk/reward and really, really identifiable risk points on these when you use these pivots like this. So, take some time to study this chart because the volume profile, the back test against a level, all really important stuff to gain a high level of confidence that this trade is gonna work. Alright? So that was Twitter. That’ll do it for me today guys, and we’ll be back first thing tomorrow morning.
Hey everyone, thanks for watching the videos. I’ll continue to make sure that all of the watch list as well as the recaps are available to all of you. Make sure you subscribe to keep up to date on what’s hot and what’s not in the market.
What’s up everyone? Bunny ears are on. Second green day in a row. A big green day yesterday of $6,500.00. Another nice green day today. Daily goal in the first 45 minutes of trading. Can’t complain about that, and of course, I’ll be back at it, first thing tomorrow.
Met My Daily Goal In 45 Minutes! +$2,687 | Ross' Trade Recap - YouTube
Now, I want to remind you guys, this coming Thursday, at 1:00 PM Eastern, I’m going to host a free workshop, Day Trading 101, live at 1:00 PM. What I’m gonna do is, I’m gonna walk you guys through how to start trading with an account as small as 500 bucks. How to manage risk on a tiny account. Now, I did it, because I took $583.00, and turned it in to $100,000.00 in 45 days. I’m going to show you how to find strong stocks to trade, where to get in, and where to get out, and we’re going to put it all together. Rubber meets the road. It’s going to be a lot of fun, and I’m going to show you a lot of cool stuff, so make sure you register.
I’m going to give you guys who attend, a free copy of my bestselling book title, How to Day Trade. That’s coming up Thursday at 1:00 PM Eastern, and I will see you guys of course, first thing tomorrow morning. If you have any questions or comments on the recap today, leave below and I’ll answer it this afternoon. All right, see you guys later.
All right everyone. We’re gonna do Mid Day Market Recap, 45 minutes of trading, $2,687.00. My work is done, daily goal, not gonna push it today. Basically, three consecutive losers on my last three trades. Not that any of them were massive, but had a great start, with $1,300.00 on AKTX. That was straight off the watchlist. $2,400.00 on IMUX, straight off the watchlist, although we weren’t sure it was going to work. Then SCON, only 114. That was basically what I would call a loser, because I had 9,000 shares. mBio, $500.00 loss with 9,000 shares, and GBR, a $700.00 loss, with 9,000 shares.
So, after these three trades, I said, “That’s it. I’m not going to keep fighting an uphill battle. We had a great little burst of momentum out of the gates, and now things are kind of fading a little bit.” Although, AKTX is actually still holding up relatively well. I jumped in to this at 450 right here, as it started to curl back up on this green candle, and it surged all the way up to 485, which was awesome. I would keep 485 on watch. If it did end up breaking over that level, I would probably try to scalp it on a move up to $5.00, but at this point, you’ve got 12 million shares of volume. You do have news on it this morning, but it may be getting a little bit on the crowded side. So, not going to push my luck on it, I don’t think. For now, I’m just gonna you know, take my $1,300.00 bucks, and be good with that.
IMUX, red to green move on this one. I jumped in as it was curling up right here on this candle, and it squeezed up from 17, all the way up to $19.50. Unfortunately, it gave back the move. I think it was worth a stab, and it ended up being $2.50 per share of profit, so it was a good trade, but I really had higher hopes for it. In any case, green is good. SCON, this one was not on our gap scanner, but hit the momentum scanner, along with GBR, right here. You can see it popped up, hit 86, and then dropped back down to 67. Actually, that’s where I got in, and got back out, I guess for a dollar, or $114.00 of profit. mBio, I jumped in to this one, on this little pullback right here. Hit a high of 68, and I was up 8 cents with 9,000 shares, but when I hit the bid, it ended up dropping, as you can see right here, it just on this candle, dropped when I was bailing out.
So, on the one hand, it does look good, back over 68, but the five minute is kind of risky. For whatever reason, this is kind of interesting on this one. It kept just seeming like there were walls of sellers. Could be because it has short sale restriction. People trying to short it, are shorting on the ask. I’m not 100% sure, but not the easiest one. So yeah, it looks good over 68, but is it really gonna make a nice move up to 75, 85, 90? I don’t really think so. Then GBR, this one I really don’t like this stock. I don’t know why I even bothered with it, but I bought this little pullback here. It hit 53, and then came right back down, and I stopped out there.
Three basically red trades. SCON was flat, but it was a bad trade. Three bad trades in a row was enough for me to say, “That’s it. I’m going to walk away. I’m going to take my money, put it in my pocket, and not give it back.” I already gave back a little bit today, and that’s one of the things we talk about. Every single day you come in to the market, you are either going to leave some money on the table, or you’re going to give back some profit. You’re always doing one of the two. It’s just up to you to decide which one you’re more comfortable with.
On AKTX, I might leave a little money on the table on it, by not being more aggressive right now. As it curls up here, the risk is a little on the high side. The high of this candle is 78. It’s 85 is just the spot, that I would kind of have in my mind. 85, 87, and then 510. So, spots to keep an eye on. mBio, the seller lined up at 68 again. It’s just always good to know when to walk away, when to take the money and get out.
Anyways, another green day. 6,500 yesterday. 2,500 today. So, that’s 8,000 – 9,000 or so, on the week. Watch this 80. There’s 86. There’s 97. That gets the [inaudible 00:06:15] going a little bit. So, now you’ve got a high here of $5.00, but back to 87, so you see how quick you have to be, to trade that. This one’s back on the high day MOMO scanner.
Generally speaking, back over five, is where I would usually try to scalp it, but we’ll just kind of see what this one does for a little bit. That’s it for me. Kind of a short midday recap. Not a whole lot to cover, but another green day, so can be happy with that. Definitely, for those of you guys watching, keep a close eye on this. There’s a seller there. You see that seller at 504? So, bit of a seller there. Pre-market high is 510. What I would do, is watch the first pullback after the fresh breakout, and see if that gives you a low risk opportunity. That’s kind of what I’d be thinking. The high is 504. Watch this for a second.
You’ve got this candle on high volume, which is a doji. The scalp type of set up, you can see how you could have done a quick scalp right in this area, at 75, 78. Jumped in 78, and then sold in the 90’s. I don’t love when the high, actually breaks over the whole dollar, and then falls back below it, because it shows that it’s kind of struggling at that level. A little bit of resistance there.
Now, you’ve got a little bit of a pullback. This type of set up, I always worry a little bit about double topping at the level. It did break through that double top volume coming in. As you can see, ramping up. Current five minute candle, has about one minute left on it. It’ll close at 10:25. So, what I would typically do, is put an order right around $5.00. The high of a last one minute candle is 95, so you know over 96 is a scalp. I could put an order at 97.
First one minute candle, make a new high. From 97, will it go back up? So watch this here from 97. Will it go back to 504? It probably will, but again, when the kind of struggle right around the whole dollar, don’t always love that. So this actually made the new high of 95 by 97, by 2 cents, and now he’s failed. So, that right there is a one minute false breakout. One minute false breakouts start to become more common, as you get further into the day. Probably a good idea just to let it. Maybe form another five minute set up, or something like that.
That’s it for me. Green day, book in the profits. Be Happy with that, and we’ll be back at it, first thing tomorrow morning. A reminder for those of you guys on Facebook, YouTube, and those of you guys in the chatroom, who have been wondering, Thursday 1:00 PM Eastern. We’re going to host a free workshop, Day Trading 101. So, those of you who want to learn a little bit more about how I find these stocks, how to get in so quick, how I manage my risk, and how I was able to start trading with a $500.00 account, we’ll be walking you through it, Thursday 1:00 PM, Eastern. So, you guys can register for that workshop. There will be a description right here, a link in the description of this video. I’ll see you guys all, first thing tomorrow morning for Pre-market Analysis, right around 9:00-9:15.
If you’re still watching, you must have 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.
What’s up everyone? All right, so here we are Monday morning back in my office. San Francisco is great, but nice to be home. Up $6,512, a solid green day. That’s exactly what I needed after three consecutive red days and I did a little driving with Ross video over the weekend, talking about how it feels to have three consecutive red days, what the goal has to be for breaking that red streak and follow the rules today.
Followed The Rules! +$6,512 | Ross' Trade Recap - YouTube
Traded the best, left the rest. RHE, it was up 159% pre-market, made $4,400 on it or something like that. Really solid trading. Then ARCI, right off the watch list, boom, another 2,000 bucks on that. So it all came together today.
Stayed focused. That’s the name of the game. I’m going to try and do it again tomorrow. These lucky rabbit ears are bringing me some good trading. So I’m going to wear them on until my next red day. All right. So I will see you guys first thing tomorrow morning. As usual, any questions, any comments, leave them below. I’ll come back through and answer them later this afternoon. All right, see you guys later.
All right everyone. So we’re going to do midday market recap here. Go over the trades from this morning. I’m going to finish the day up $6,512.94 which is awesome. A really solid green day. I mean, that’s what it’s all about. So the last three days were small red days and having three red days in a row, certainly not what I strive to do. But what’s important is to keep those red days as small as possible. So one good day like this puts me not just out of the whole but back into the green. So that’s exactly what happened here. RHE, straight off the gap scanner, straight off the watch list, was up 159% pre-market on over a million shares of volume. Made $4,100 on that one. ARCI also right off the watch list and the gap scanner, made 2,300 on that one. Not quite as much, but only two stocks I traded today, two green trades. So I’m going to be really happy with that.
So let’s look at RHE first. This one, it’s kind of interesting because pre-market you could see it was already moving up quite a bit and it had a pre-market high of $3, exactly $3, which means it was pretty extended. By the time the bell was ringing, it was already up 159%. I mean, it was extended. So the bell rings and on this one, I pretty much just went into scalp mode and started doing scalp trades. So my first trade here, 9,000 shares at 90 and 93 for the break of $3. The bell rings and it opened at 94. It dips down to 2.87 and as it started to surge back up, that’s where I punched the button. Boom, boom, boom, I’m in it. Then it rips through 3, hits, 3.16. I sold half of my order. 3.20, I sold another half of what I was still holding. 3.19, I sold another half of what I was still holding.
So half of 9,000 this 4,500. Half a 4,500 is 2,250. Half of 2,250 is 1,125. So just pressing my hotkey, control X, control X, control X. It pulls back for one second here and then it surges back up. Again, it hits a high of 41. It pulls back, it surges up. I went ahead and press the buy button at 27 and 30, selling at, let’s see, 20 … Let’s see, I sold at 21 and 20, so I actually lost a little bit on that trade. That was right in here. I hit a high of 50 and then it pulled back so I was like, “All right, well, if it doesn’t work right away, just keep the losses tight.”
Got back in at 40, 41 and 42. Sold at 49, half, sold a quarter at 49. Bought again at 43, bought at 46. Sold a 49. We kept having resistance at the half dollar. Sold then at 59. It finally broke through the half dollar and then I added at 69 and 71. Selling at 68 and 70, break even trade there. Getting back in at 70 and 73 and 75. Selling at 79, 82, 80. It’s about $500 of profit there. Back in at 75. This was a good one. 75, 73, 78 and selling in the 90s. So that was that final squeeze here up to 94 and that put me up $4,144 on RHE. So no doubt, I took a bunch of trades on it and I was green on the majority of them. I had two trades that were kind of break even or small red trades. Control X is sell the bid. Actually, control X is the bid. Control K is to sell the ask.
I was selling both the bid and the ask kind of interchangeably. I was trying to sell the ask and this had a lot of volume. It has 12 million shares of volume right now. So for the most part I was getting filled on the ask okay. But I was selling both sides. Let’s see. The number of shares traded, I can go here to I think buy shares and that’ll show me the number, total number of shares I bought. Let’s see. So I bought 54,000 shares total across like I don’t know, five trades of 10,000 shares or maybe six trades of 9,000 shares and I had one trade of 10,000 shares total on ARCI. So that’s the number of shares I bought total, 64,000 today.
So, I mean again, it’s not one 50,000 share order. It was six separate trades or so, whatever. We just looked at five or six separate trades of six to 9,000 shares. 9,000 shares was the biggest size that I took on RHE. Then I was watching it on this five-minute pullback to see if we would get another opportunity, but we did not get another opportunity. It just ended up failing.
So those of you guys on YouTube asking where’s a good place to start trading, I’ll talk about that during our workshop this coming Thursday. So Thursday 1:00 PM Eastern. I’m going to host a free workshop, day trading 101. It’s actually a class three but for you guys, we’ll quickly brush over classes one and two so go ahead and register. Those of you guys who are in the starter or the pro, remember that day trading 101 is a prerequisite for those. So if you’re already in the starter or the pro, don’t worry about it. You’re already ahead of it.
All right, so that was RHE. Again, this was right off our gap scanner pre-market. So was on the watch list at 9:15 AM. Before the bell even rang, I was calling this one out as being one that we wanted to keep an eye on right here, it was the top of the scan. ARCI was down here and I honestly wasn’t sure about it. It was a stock with news and a recent reverse split, gapping up about 15%. The bell rings and it pops up to 4.20. It then pulls back as you can see here. So it popped up, it pulled back. It then comes back up to 4.25 and then pulls back.
Right in here I was watching it, I had the level two up and I saw some volume starting to come in at 20 and so when I saw that I was like, “Okay, this thing looks like it’s going to go.” So I went ahead and jumped in at 24 and 25 and 26 just as it was breaking out over new highs and that was right when it ended up hitting the high of day momentum scanner, let’s see, right here. I guess, it ended up hitting the scanner at 4.27 right here. So then it squeezed up to 4.50. I added at 4.46. It gets halted at 4.50. It resumes. It pulls back for a second. I added at 4.70. It squeezes up to a high of 4.96 and I sold almost all my position at 4.80 and I sold the rest of 4.50 and then it dropped down here.
So this ended up giving back the move. Kind of disappointing, not that much different from RHE which gave back the move. So, we’re not seeing really sustained momentum. But two good opportunities, capitalized on them. $6,500 of profit, great day. The goal just be to continue to have some more green days like this as the week goes on. All right, so that’s about it for me. A short recap. Not a lot to cover, only traded two stocks, but another green day. So I’ll be back at it first thing tomorrow morning, right around 9, 9:15 for pre-market analysis and I will see you guys then. All right. Bye, everyone.
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