LIVE STREAM (brought to you by Cloudflare)

All right. Well, this is highly
unexpected. Uh, today's broadcast live
on YouTube brought to you by Cloudflare.
Some of you guys know this already, but
there is currently a global Cloudflare
outage and it's affecting um, of course
um, ser [music] websites all over the
world. Uh Twitter was offline this
morning. Uh Down Detector was offline.
Cloudflare of course is offline. Uh and
and Warrior Trading has been offline for
a good portion of the morning. This is
this is actually the longest outage that
I think we've ever had. Uh so well being
a little bit unsure of uh when things
would come back up, I kept thinking we
kept kind of getting reconnected and
then it would drop back off and then
reconnected then it would drop back off.
So, I thought, well, I'll I'll take the
suggestion that some of you guys um sent
over to me and and stream today on
YouTube. Very unusual. Uh special thanks
to Cloudflare for making this possible.
So, uh as you know, today uh I have my
small account challenge set up. It's
ready to go. Um however, uh you know, I
I haven't uh taken any trades yet. I've
been kind of um just sitting here
fumbling around trying to figure out,
you know, how to how to get everyone
back in the back in the chat room. Uh
you know, Warrior Trading, we've got our
servers up and running, but um but the
issue is uh is with Cloudflare. So, you
could see right here, if you come to our
website, um your browser's working uh
Cloudflare is not working and our host
is working. So, this is the problem in
the middle, the cloud CloudFlare.
Okay, so let's see. Um,
uh, it'll probably take folks a few
minutes, um, to get, uh, logged in here.
Um, I'm just going to copy this.
Uh, and I I I apologize on behalf of
Cloudflare. uh the you know myself uh
I'm I'm I'm embarrassed. Now, of course,
I am uh in no position to really know
what they're doing over there. Um but
I'd like to extend an apology on their
behalf. They they screwed up today and I
think they know it. Um I'm sure heads
will roll, but uh in the meantime,
thank you guys for tuning in. Apologies
for today. Um, and let's kind of get
oriented with what we've got. Um, so as
we sit right now, um,
you know, I'm I'm waiting for something
that meets my five pillars of stock
selection. Um, I was able to get logged
in earlier and I did not log out. So I
still have scanners up here, which is
good. Um, so I have some data, but it's
it is limited. Uh, which is, you know,
not not ideal.
Let's see. I'm just going to leave this
up here for right now. Um
I don't know. I I'm It's been a while
since I did a a broadcast here on
YouTube, so um hopefully
you guys are able to see things well
enough. I don't have my bandwidth
settings on particularly high, but um
I just didn't want to tax um my trading
machine here. I wasn't really set up to
to run this broadcast today on YouTube,
but
uh
yeah. So, all right. Well,
yeah. I I suppose my feeling right now
um you know as I'm sitting here is that
it's 10 of nine. So you know we've
already kind of missed um top and bottom
of the hour. U if we look at uh OMA
OMA um is one of the biggest movers
today. um up currently about 200%.
Really impressive move. Um so this is a
biotech stock and they've got phase 3
breast cancer trial data. It's good news
and the company, you know, the shares
squeezed up from, you know, lower than
about $10 a share all the way up here uh
to the peak of 3869. Incredible. So, we
know that biotech stocks can give us
great headlines, they can work really
well, but we also know that um when it's
patent approval or you know maybe
fasttrack designation
or maybe even phase one that h they're
kind of hit or miss. So, you know, now
we're coming a little bit um this one to
a phase three uh with positive results.
And that's where things get a little bit
more promising for potentially going
into um you know, you know, actually
being able to to be used. Uh and that
now could position the company to be
attractive to um other pharmaceutical
companies either for licensing deals or,
you know, even a buyout. You just never
know. So anyway, so big move on OMA.
Great to see that. Uh but obviously it's
pulled back um a bit here. So at this
point, you sort of have this um pattern
that I would say is basically a head and
shoulders pattern. So this sort of rally
up and then back down on the other side.
All right. So that one's out of play for
the time being. Um onfo just hit the
scanner.
Um, one thing I don't like about
um, Weeble is that you can't Sometimes
it's like a little funny with the way
you type in orders. Um, so this has a
float of only 4 million shares, but
there's a 200,000 100,000, you know, so
big sellers on the ask. So when I see
that, you know, I kind of think, golly,
you know, this thing is thick as
molasses. It's not going to move. you
know, it's got just so much resistance
there from these big sellers.
So, I I don't have high expectations
that is going to give us um you know, a
big squeeze. Of course, I could always
be wrong, but uh just as I look at it
here, it was interesting a little while
ago uh we had uh GLMD hit the scanner.
This one popped up yesterday and we had
AMIX hit the scanner as well. So, AMIX,
both of these ones hit the scans, which
I I really wasn't expecting, but um
yeah, a couple stocks hitting the
scanners there uh that also had hit
yesterday. So, kind of um
kind of a surprise,
let's see.
Uh for those of you guys just getting
tuned in, this is a special broadcast
brought to you by Cloudflare,
experiencing a global network issue. uh
which is affecting uh websites all
around the world. So um users in London
unable to connect to the internet. It's
very it's tough times in London today.
Um tough times here in America as well.
Cloudflare experiencing global network
issues. So uh that extends to warrior
trading as well because we rely on
Cloudflare. So, I'm running this special
broadcast here uh to give you some
market commentary. Uh, and since I'm
broadcasting on YouTube, let me remind
you guys as always of my disclaimer.
Trading is what do I usually say? It's
risky.
It's risky. Trading is risky. My results
are not typical. You should always
practice in a simulator before you put
real money on the line. And remember,
there's no guarantee you'll find success
whether you trade with me or you learn
on your own. Now, I am a very fastmoving
trader. So, if you end up seeing me take
a trade, there's a good chance that
it'll be a quick trade. My trades
average about 5 minutes long, but some
can be as short as seconds. If we have a
really nice breakout setup, I'll jump
in, jump back out, quick profit, and
that's it. So, if you're trading, do not
try to blindly follow me. Make sure you
understand the strategy and practice
these new strategies you're learning in
a simulator before putting real money on
the line. All right, so um 16 minutes
ago we had news AMIX raises $5 million
in a private placement. So that was a
headline there on AMIX.
Interesting. That came at 834. Uh
private placement price of 111 a share.
All right. So, it spiked up to A1.25,
then dropped back down, and now going
back to um you know, more or less
sideways.
Let me see.
So,
currently we've got um well, I guess
it's about 6 and a half minutes to the
top of the hour. Move this back up here.
I think it is interesting that we had
such a big move earlier today. OMA
uh because the float on this stock, the
float is actually 50 million shares.
It's a 50 million share float. Uh and
the stock is easy to borrow. So, you
know, 50 million share float, easy to
borrow, not typically the type of stock
that we would see go up 300%.
Uh but the news was strong. Now imagine
for a moment if it had a float half as
big, a 25 million share float with that
same amount of volume and the current
volume is 32 million shares. So with 32
million shares, if the float had been
half as big, what you basically have is
double the demand or well half the
supply, right? Either way you want to
calculate it. Same float, double the
volume, you'd have double the demand.
Same volume, half the float, double uh
half the supply. and you would most
likely have gotten a much much bigger
move. Imagine if it had been a 12
million share float with that same 32
million shares of volume. Holy smokes,
we could be looking at a stock up over
a,000% today. So, we know that the
relationship that we look for is of
course an imbalance between supply and
demand. So since supply is more or less
fixed, one of the easiest things that we
can search for when we're looking for uh
potential trades uh is just to look for
stocks that have lower levels of supply.
So lower levels of supply and then
search which one of those stocks with
floats of less than 20 million shares
are moving up today. So I have a couple
different scanners that I use uh for
this purpose and I'll put them right
here. Now I was able to get logged in a
little earlier this morning. So, I still
have my scanners up even though um many
people are not able to log in just yet.
Okay. So,
if Oh, I'm going to have to switch that.
So, if we're looking for an imbalance
between supply and demand, one of the
scans that I like, of course, is our top
gainer scanner, but also like this
lowflat scan that you see down here at
the bottom of the window. This lowflat
scan, and I'm scrolling down and up on
it. This is searching for stocks have a
float of uh less than I think our cutoff
is 10 million shares on this scan.
Um, actually, it might be five million
shares. Well, let's see. I'll just sort
the highest. Yeah, it's 5 million
shares. So, these are floats of less
than 5 million shares. Um, now if I sort
by a percentage change on the day, this
is showing me all the stocks in the
entire market with a float of less than
5 million shares, and it's ranking them
by their percentage gain. So, now I can
look at these stocks and ask myself, do
any of these, you know, have the
potential to make a a decent move today?
Given that the total supply is extremely
low, if these stocks have a good
catalyst, they have a news headline that
is what's most likely generating the
demand, uh they could make a pretty big
move. So, I look at five pillars of
stock selection. I talked about this
yesterday in my recap. So, five pillars.
Number one is price. Most traders prefer
lower price stocks. So certainly under
$20 a share is preferable. I found that
I do the best uh between $5 and $8
roughly. Um but for a small account
challenge like what I'm doing now with
Weeble um you know doing uh you know
potentially a dollar to $2 is possible.
Uh number two uh relative volume. So, a
relative volume of five times and up
means that volume today is five times
higher than average. Number three, the
stock should already be up 10 to 15%
showing that it's beginning to move.
Number four, we like to see that there's
news. If it has news, then we understand
very clearly that's why it's up. That's
why the volume's coming in. Now, the
price is just going to make all of this
more attractive. And then number five,
we've got the float, which is the number
of shares available to trade under 20
million, definitely under 5 million.
This is where things, you know, can be
like A++
for potentially a big move. So this
morning,
uh, it's interesting because, uh,
you know, it's up 29%. Um, this one's
got a 3.97 million share float. Uh, 14
million shares of volume. It's got quite
a bit of volume, but um you know, you
can tell that it's
you know, it's kind of it's it's not I
don't know. It's it's up 30%. It's it's
not doing anything really exceptional.
That that was on. Um so lowerflow, but
it's just I don't know, you know, it's
not really working. So what's the
headline? Secures $300 million in
funding through a con convertible note
facility. So they got a $300 million
loan.
All right, that's cool. They got
approved for the loan, but
you know, getting approved for a loan, I
mean, it's that's that's a lot of money
they're on the hook for. So, that's
ONFO. Now, if we go back to the scan
here,
um, that's our leader on floats of under
5 million shares. GLMD is the second
leader down here, $118.
Uh, CLK, now this one's kind of
interesting because the price is $7. So,
it's within that 5 to8 price that I do
well with. Floats less than a million
shares. But if we pull up CLK here real
quick, we pull up CLK.
CLK. There we go. Um, you'll see that
this is a stock that um made a move
uh but is now kind of it's it's well, in
total, it's only up like 14%.
So, it's just not really moving all that
much. uh had maybe some potential, but
you know, wasn't able to really pull
away. Now, I didn't actually check the
catalyst on this one. It wasn't really
up very much, so I just sort of ignored
it. But,
um, let's see.
So now let me just
Hong Kong based HR specialists to ignite
synergies and accelerate market
leadership and human resources solution.
Well, yeah. Anything that um
when so this is a company tied in with
Hong Kong. So, you know, that by itself
um you know gives me pause.
All right. So, there was that. Let's
see. Um
and then B, right? So, not much else.
So, and by the way, it's 9:00 a.m. right
now, top of the hour. So, this is where
um you know, sometimes we would be
watching scans to see if we have any
fresh breaking news. Um I'm not seeing
anything just yet.
Not seeing anything hitting the scanner.
It would be sort of our our last hope to
have a headline at 9:00 a.m. And it
would be a little I I wouldn't really
Well, it happens. I I guess I shouldn't
say that. We we do get news at 9:00 a.m.
But because today's already been I think
I mean the fact is this issue with the
internet um will have an effect on
trading volume you know if you've got um
hundreds of websites that are offline
and people are struggling to get access
to things access to news access to data
access to scanners you know then it's
going to some people are just going to
say I'm taking the day off right so less
volume in the market um perhaps as a
result of this Cloudflare outage
Okay. So,
And welcome to those of you guys tuning
in who perhaps have been uh longtime
subscribers on YouTube uh but have never
been able to watch a broadcast.
I don't uh typically broadcast on
YouTube, but um because we have a
Cloudflare outage, I decided to go ahead
and run this stream today.
Okay. So 9:02 right now.
The scan is interesting. You've got one
stock up 209% right now and then, you
know, the rest are just kind of like
nothing. Um, in terms of volume, CF has
the most volume, 51 cents a share. 10
million share float, 135 million shares
of volume, but it's only up 39%. And
it's a penny stock. So, usually you
would expect penny stocks to be up quite
a bit, but this one's not up that much.
Um,
so OLMA leader CFO
U ARVN pull up that one for a second.
So this one popped up earlier today. As
you could see, it would be too expensive
for the small account challenge, I
think.
Um, I noticed that the float is higher.
It's also easy to borrow. So, uh, most
likely if you do get any pops on it,
traders will be quick to short them
coming back down.
If you guys have any other tickers you
want me to look at, I can see the chat
feed, so let me know.
GLMD.
Yeah, I don't like So, I don't like the
pop that it had right there. Um, and
this one also had a pretty nasty um jack
knife yesterday. It was right here on
this candle. So, see how it popped up
there and then did that nasty reversal.
We don't like seeing that.
So, I feel like it's not trustworthy,
unfortunately.
I mean, the fact is yesterday it went up
to like a$160 70 and we're well below
those levels. So, kind of what's the
point of really trading it here.
So, CF, yep. Um, looked at that one.
kind of thought that for 153 million
shares of volume it would be up more
than 39%.
CMND
33 cents a share.
Yep. By ND.
Yeah, it's a tough stock. It's gotten
beaten up pretty badly.
So why no trades on um what was it? OLA
or whatever it is. Um the float being
higher um was one uh factor uh higher
float. What was the stock you just SGBX?
Um the float being higher was one
factor. Um you know, the higher float
stocks I I don't typically um think of
as being worth trading because they're
unlikely to experience a big imbalance
between supply and demand. I mean, it
can happen, but it's not as common. So,
the exception, how did that occur? Well,
particularly strong news um on a biotech
stock and that that worked,
but um I was tempted to trade it around
$32 a share. Um I had my order and I was
like, uh should I do it? Should I not do
it? And I talked myself out of it. I was
feeling at the mo at that moment a
little bit overwhelmed with um kind of
the um you know, internet issues we were
having. So I was like, uh I don't know.
Uh OMA, right?
I just thought, you know, if I take a
trade on this here and I lose, I'm going
to be I rateate. So, I'm already pretty
annoyed and I I don't need to make it
worse. But this is the area where I was
watching right here around 32. So, first
it pops up to that level, 3130, you
know, four three, four big green candles
in a row, then it pulls back, then it
pops up to 3150, and then it tops at
31.86. And I was like, man, it keeps
having these topping tails. And then it
popped up to 3277. And I kind of
thought, you know, it feels like this
one like it's creeping a little bit
higher. And I got my order ready at 3250
and then before I knew it, it was at 36.
And I was like, okay, well, I don't
think I should chase it up here. That
would probably be too risky. And then it
kept going up to 38. But that was the
high. So, you know, that was the one
trade that I I missed out on that I was
watching and talked myself out of it. Uh
but you know I was thinking as a trader
should about downside risk and the
downside risk wasn't just losing money
you know maybe h taking a loss on that
trade. The downside risk um was also the
emotion of I'm already frustrated. you
know, we're having an internet issue
today and my day is not going according
to plan and I'm just going to get even
more agitated if I take a big loss
because this stock is not a stock that
meets all five pillars of stock
selection.
So, if I trade it and I lose, I'm going
to feel like an idiot. The price, you
know, $30 a share, it's expensive.
Relative volume is fine. Percentage
change is fine. News is fine. float 50
million shares. So these two create an
issue and then there's a note that it
was easy to borrow. Right? So for that
reason,
these two are really really big. So you
can have news, you can have percentage
change, you can have relative volume,
but if the price is too high or too low,
because I don't usually like, you know,
penny stocks. So if the price is too
high or it's too low, that's a problem.
If the float is way too high, that's a
problem. And when it's easy to borrow,
especially in this market, shorts are
going to be so much more confident to
take positions because they can trade it
for free. They don't have to locate
shares. They could short a million
shares of it. No borrowing fees. Now,
think about that. Sometimes these um
stocks that make, you know, 3 400% moves
to borrow a million shares would cost
you like 30 grand, maybe more, 50 grand.
Who knows? I mean, some of them could be
$100,000, a couple hundred,000 to
borrow. So, to be able to have a stock
that goes up 300% and is easy to borrow,
totally free, that's amazing for an
aggressive short seller and a 50 million
share float. So, very, you know, quite
liquid. So, unfortunately, that's going
to bring out some of the big short
sellers just because it's an attractive
opportunity. And so, that creates more
overhead resistance. because they're
going to be selling.
So, let's see. Um, so right now it's 10
past 9 and um I'm sitting tight right
now. I did not take a trade yesterday in
my Weeble account. So, you can see my
Weeble account is set up right here.
It's good to go. I'm I'm ready, right?
No trades yet. I'm ready to take a trade
in it. Um I would love to take a trade.
I would love to see an opportunity that
was strong enough to take a trade.
You know, it was not my uh plan
or intention that I would start this
small account challenge and then uh you
know, we'd have this cloud flare outage
or,
you know, things would be kind of on the
slower side. So I am caught a little bit
um by surprise.
But, you know, right now at this point,
what I would do on a typical day here,
uh, if I was just streaming for members
at Warrior Trading, um, you know, at
this point, um, I would, this is
typically is 10 past, you know, 9
quarter past. This is usually where I'd
ask everyone to compliment me on my
outfit, right? Um, I usually do that,
you know, every 15, 20 minutes, and you
guys haven't done it yet. So, I'm going
to give you a chance. Now, I I'm going
to forgive you that you missed it. Um,
but you know, here we go. All right. So,
now I'm ready to receive your
compliments. Okay. So, that always, um,
you know, hypes me up a little bit, uh,
as we get ready for, you know, the at
this point the opening bell. So, at 9:30
when the market opens, there will be a
surge of volume, right? Traders, many of
whom don't even know how to trade
pre-market, will begin trading. And what
will they begin trading? They'll
probably begin trading the leading
gainer, whatever is up the most. Uh, you
know, those are the stocks they'll be
focused on. OMA, maybe, you know,
that'll be something that some people
are watching. Now, because I know how to
trade pre-market, I know how to set up
my orders to do that. Um, you know, for
me, I look at this as the the the good
opportunities have already passed us by.
Uh, but what's also possible is that at
9:30, well, it's not impossible that
another stock could have um breaking
news. It's not super likely, but you
know, breaking news, maybe 9:30 or that
for lack of anything else, something
kind of starts to creep up on the scans,
starts to move a little bit higher. Uh,
next thing you know, traders are jumping
in it and we get a squeeze. I'm not
saying that's going to happen, but you
know, that's what we would look for
after the opening belt. Typically,
uh, I'm coming into a window where I
wouldn't take any trades. 9:15 is kind
of the last chance for breaking news.
And it's a little bit of a hailmary.
Could we get breaking news?
We could. I don't really expect it, but
every now and then you'll get a headline
that drops at 9:15. You know, these
companies schedule out their headlines
pre-market and most of them are at, you
know, a lot of them seem to be at 8 and
8:30. Those are really popular times. 8
and 8:30. 7 a.m. is a little early. We
do sometimes see it. Um 7:30 we see it.
In fact, actually, what I could do uh
for you here, um I'm going to pull up my
trades just for the year. And we'll
divide them the distribution of trades
by time of day. And what you'll notice
is that um I take more trades right
around the times of the morning when uh
breaking news comes out. So let me just
pull this up here and then I'll show it
to you. All right. So this is that. So
I'll do by 15 minute increment.
Okay. All right. Um
Okay. So So here you can see this is the
distribution of the trades right here.
So, um, and the it's kind of similar,
but so 7 a.m. I take a lot of trades
right there at 7 a.m. and I'm taking
trades at 7 a.m., you know, which makes
sense because it's the it's the top of
the hour. And that's when a lot of
retail traders are able to begin
trading. So, um, I'm sitting here
starting at 7 a.m. And any news that
came out prior overnight, prior to 7
a.m., boom, we're taking our first
trades right there at 7:00. And then
7:15, me 7:30, n 7:45, me 8 a.m., boom,
that's a window. 8:15, a little less.
8:30, boom, that's a window. 8:45, a
little less. 9:00 a.m. Boom. 9:15, boom.
9:30, here we go. It's the opening bell.
9:45, 10, and then kind of tapering as
we go further into the day. So, and
that's that's because I trade generally
breaking news. Now, if I'm not trading
breaking news, the the what I would
trade would be continuation on something
that's already moving, which is, you
know, just trading momentum. My whole
focus is trading volatility. So, I'm
looking for things that are moving
quickly. And typically, it is news that
creates that move. But, um, you know,
some sometimes we will sometimes see
stocks that go up 100% 200% and there is
no news. And it's kind of confusing
because you're like, I don't really
understand um you know why, but um you
know, it's going higher. So, you sort of
figure, well, I guess I better I can
either jump on and ride the momentum or
I can sit this one out. Um one of the
things that I often mention is that when
we have something that's grinding, uh
kind of moving higher sort of I'll I'll
draw the grinding pattern for you. So
grinding um is And
So, uh, sorry about that. I don't know.
I think we reconnected.
Okay.
All right. I'm going to switch back to
here.
All right. So, um, right. So, what was I
saying? Um, so with these types of
grinders, you know, you get this kind of
slow move higher and sometimes they'll
finally pull away and you get this
really big move. Um,
sometimes that can happen when they keep
holding up longer and longer and longer.
We call this capitulation, which is
where anyone maybe who's been holding it
short just finally is like, "All right,
I'm I give up. I can't keep doing this."
And you get that squeeze and then more
shorts cover and then that fuels the
squeeze even more. And then next thing
you know, you get a big move. Um, so the
the thing is waiting for this to occur.
If I don't make a lot of good money in
this area, it's how can I be patient and
wait for this to occur? And when this
starts to occur, how do I know it's
different from what's going on here? So,
usually what will be happening is, you
know, the volume will be kind of
consistent, higher volume on some of the
spikes, whatever. Um, and then you start
seeing multiple high volume candles, and
that's when, you know, things are really
starting to take off. And so what we
look at sort of right in this area here,
if we zoom that in, so we're going to
zoom in to right here on a 10-second
chart. So what this is going to look
like is first candle pops up like this.
Second candle pops up like this. And
then you're going to see
a little micro pullback here just for a
moment.
What I look at there is for that next
leg higher and I only do it when these
first two candles are really big because
that tells me that, you know, we've
really got something going. So anyway,
so uh so what I often find is that it is
those last couple candles where we can
tend to get some of the biggest moves.
Um which you did end up having happen
here on OMA. It was the last, you know,
four or five candles where you got that
final, you know, squeeze higher and then
it um, you know, then it dipped back
down.
All right, so let's see. Um,
so current time is 9:20. So we didn't
get any news there at 9:15 or I didn't
see hear anything hit the scanner. Um,
doesn't look like anything hit the
scanner there at 9:15. So, our 9:15
window um has sadly come and gone.
Just going to pull this up for a second.
I just wanted to check my GPU, but
seems okay.
All right. Well, that's good. Okay. So
is there anything um why no CN CMND?
Okay. Well, um so
couple things. Um CMND
uh 4.8 million share float.
Um not a um
not a huge fan of you know lower um
price stocks. We've got this high of 38
cents. It's a nice curl from 30 cents up
to 38. I mean, I can't disagree with
that. Um,
we've traded this one before.
Look at the daily chart.
You can see it's a stock that's been
really beaten up pretty badly.
Um, it'll pop up, but whenever it pops
up, it ends up being like a high volume
red day. So, it doesn't hold those
levels very well.
It just seems like it's got a real
headwind, unfortunately.
OMA. Yes, I do see that curling up a
little bit. I don't think that it's
suitable for my small account at this
price. Um, I'm usually a little cautious
trading this area on a chart. I feel
like this is kind of the backside. This
is the front side. You've got momentum.
You know, it's buying pullbacks. Keeps
going higher. I usually feel pretty good
there. Trading this area. It feels like
we're trending down, you know? I mean,
obviously pulled back quite a bit,
popped up there for a moment, pulled
back more, popped up. Is there a line
where this could cross that it goes all
the way back to the high a day?
If there were, where would it be? Maybe
up here like at the halfway point, like
$32 maybe, but we're well off that
level. So, um, you know, for me, I just
I just don't think it would work. Um,
it's too weak down here. So, we can't
help the fact that we missed it. Uh, but
we can control whether we trade the
backside or wait for the next one. So,
I'd rather wait for the next one at this
point. I think that would make more
sense.
So, we've got about five minutes to the
opening bell here.
Uh the news today on Cloudflare. Um,
Cloudflare outage taking down parts of
the internet. Here's what we know so
far. Cloudflare outage outgo outage
ongoing as widespread internet outages
spread. Widespread outages spread. Yeah.
Company blames unusual spike in traffic
before errors.
Cloud flare down. Chat GPTX among sites
affected by global network issues. They
forgot about Warrior Trading.
Yes, you can have leverage at Weeble.
Um, however, you can't day trade there
unless you're in a cash account. Um, and
you're if you're below 25,000. So, this
is a $2,000 account and it is a cash
account. So that means I can trade um I
I can day trade as much as I want, but
when I run out of buying power, I'm done
for the rest of the day. So that's
that's the only thing about um you know,
a cash account. If you've watched if
you've tuned into my previous small
account challenges this year, um I've
done this is my third one. The first one
I used a
uh offshore broker with $2,000
and they allowed me a day trade as much
as I wanted and they offered six times
leverage. So I was able to trade pretty
aggressively there. Um that small
account challenge I grew the account to
$58,000
and I donated all of that to charity. Uh
30,000 to the Boston Children's Hospital
and 30,000 to St. Jude's Children's
Hospital. I reset the account back down
to 2,000 and I did it again. The second
challenge, I did not use any leverage.
Okay, so taking the same number of
trades, I grew the account to like
5,000, something like that. So, you
know, I was my uh performance was
certainly a ratio of six less because I
didn't have six times leverage, but it
was even a little bit less than that
because the market was a little cooler.
And uh now for this third small account
challenge, I've reset again to $2,000.
Um but this time I'm using a cash
account, which means I can day trade as
much as I want, but when I run out of
the $2,000 of cash, I can't take any
more trades. And the challenge here is
that, you know, I could either divide
this $2,000 up into 10 blocks of 200,
take 10 trades, each worth $200, and,
you know, try to have 10 good trades,
and finish the the day, you know, the
pro the proceeds of those 10 trades. My
accuracy right now is about 70%
this year. Uh, my average winners are
bigger than my average losers. So, if I
took 10 trades, I would hope that seven
of them would be winners, three would be
losers, and you know, I'd have a a green
day. Uh, another way to do it is, uh,
especially on a day like today where I
don't see a lot of opportunities, would
be to wait, uh, and take maybe just one
trade or two. If I did one trade and I
did the whole $2,000, you know, that's
taking more risk. Uh, but if I saw one
really good setup, I I could do that.
You know, I could take one trade, one
entry, like a $2 a share stock. I could
buy a thousand shares and if it goes to
215,$225,
you know, I could sell for a $250 winner
and that'd be a um a nice gain on the
account today. Uh or, you know, I could
take 500 shares of a $4 stock, you know,
so on and so forth. Um, I I've I've kind
of planned that I would focus on taking
one trade a day. Uh, because, you know,
the market's been a little cooler and I
thought focusing on just one really good
setup would probably be what would make
the most sense. So, focusing on one good
trade a day and using the full $2,000 on
it. That's that's been my thought. But,
of course, I haven't taken a trade yet.
Today is day one. Well, yesterday was
day one and it was a no trade day. So
today is day two, but I so I still
haven't had that first trade yet. Um
yesterday we didn't have anything that
really looked very good. And then today
um I didn't have scanners for part of
the morning and this cloud flare issue
and I was just trying to figure out, you
know, how to deal with that. And in any
case, OMA has been our biggest move, but
I felt like it was too expensive. Now,
you could argue what does it matter? I
mean, the stock went up 300%. 300% is
300%. Okay, so you can't buy a,000
shares. It's not $2 a share. you could
buy, you know, 100 shares or whatever.
Um, and that's true. Um, and and in
hindsight,
you know, yep, that that would have
worked. But, um, if we go back to here
and look at the five pillars of stock
selection, I know that this is where
historically I've made the most money.
And when I venture outside of these
five, you know, core criteria,
that can be where I make mistakes.
And I really don't want to make a big
mistake on day one, you know, of a small
account challenge. So, better to be safe
than sorry, but um yeah, as as I'm
sitting right now, and by the way, ding
ding ding, there's the opening bell. So,
um I'm just going to, you know, try to
exercise some patience and wait for
something that looks a little bit
better.
Now, one of the challenges that we face
at this moment is now that the bell has
rung, we will have halt levels. So you
can see that we've got a limit up at
2915 on OM OMA.
That's the halt up level. And we've got
the halt down level at 2385. But if we
pulled up a cheaper stock um like AMIX
for instance,
AMIX has halt levels that are um you
know somewhat close.
13 is the current price right now and
the halt level is a $137.
So, it's not very far away, you know,
which means it wouldn't it wouldn't take
um, you know, much for this to halt up.
But it also means that if I get caught
in a halt, I can't do anything. I can't
buy, I can't sell. I'm totally stuck.
So, now I'm completely stuck until a
resumption. And that creates a little
bit more risk than I'd prefer.
SGBX
um someone saying that it's got
um 430% borrowing. So there are some
tools that you can look at that will
tell you about short interest um on some
of these stocks.
I you know one of the things is uh some
of these companies that have high levels
of short interest have it because it's
just not a very good company. And
there's people out there that know a
heck of a lot more than we do about
these companies. They believe they're
not very good and they put their money
where their mouth is and they short the
heck out of them. And um you know this
is just look at the chart. Look at the
you know the daily chart. It kind of
just keeps going lower, right? So you
know could we pick off a little winner,
you know, on a little bounce off the
low? Maybe, you know, could you could
sometimes you'll get that sometimes a
little squeeze shorts, you know, it's at
$3. I mean, how much can it go down to
zero, you know, so if it start to bounce
in a way has
the downside is limited to zero, which
would be losing 100% of your investment
if you bought it. Um, but the upside on
something like this, you know, if it
really started to move, you might
wonder, could it go to 6, 8, 10? you
know, there might be more upside the
downside, but um but I look at it and I
see higher volume red candle u back
there on the 13th. So, you know, last
week we had a higher volume red candle,
hit a high on that day of uh 398, it
says. So, um I kind of want to see us
get over that level and then if we were
over that level, then 56, you know, up
to 740
by the way. Um,
so OMLA is halting down right now. Gosh,
OMA. Sorry, this one's hard for me to
remember. I can't I usually do better
when I can say the ticker, like I can
speak it like a word. Um, so halted down
right now. 2250
is the current quote.
Like I said, easy to borrow. and on the
back side of the move shorts short into
the pop and then you know you get that
fade. Now I'm not a big fan of short
selling um because I think it's for for
beginner traders and certainly for me
when I was getting started it just
carries too much risk that one mistake
um could potentially end your career and
I don't want to see that happen to
anyone of course it's just not worth it.
Um, so you know, it's it's bad enough to
buy a stock and have it potentially go
to zero or something. I mean, that's
bad, but buying a stock or shorting a
stock at three and having it go up to
like 20 bucks is a margin call. You're
it's devastating. You could be in debt
to your broker, and that's just a risk
nobody wants to take.
All right, so 9:34 here. Market's been
open for four minutes. We already have a
halt. Um,
let's see.
I'm going to hide this for right now.
Cloudflare. Um,
still offline there. And this is a this
is a sign. I mean, people will
definitely be talking about this outage
because this is very significant. Um,
this is a very long outage.
[snorts]
Okay. So,
let's see.
If you guys see something that looks
good, you just, you know, call it out.
I'll I'll pull it up on my chart. So, we
looked at SGBX. Um,
and you know, I see that it's getting a
little attention there at the open, but
um, 66 366 was the high from yesterday.
So, um,
you know, like I said, I'm just I I, you
know, I just approach it with a little
bit of skepticism. Um, when you have
stocks like this that are
having a bit of a hard time. So, room on
the daily chart. you'd want to see it up
to 398. So, um, you know, 398 and then
it's only up 11% on the day. So, it's
not, you know, like it's really up a
ton.
I'll check the short interest on it. Um,
let's see.
Close that for a second. Um,
what was I looking for?
Okay. So, short interest.
Yeah. Uh, Ortex has a short score on it
of 70 out of 100. the cost to borrow is
up 472%. So, you're right about that.
And the short interest versus the free
float is pretty high. Um, you know, but
you know, it's just it's hard to know.
Um,
I don't know that it's obvious enough
being that it's only up 17%.
Keep it on. Keep it on watch. We'll see.
CGTL.
All right, I'll pull that one up. So, CG
uh CGTL. See, this is why Weeble's a
little annoying. Pulls up the wrong
stock a lot. Um,
yeah. Okay. So,
Um,
what's the float on that one?
Working without all of my tools here
this morning. It's kind of a pain. The
halt level is 124.
All right, hang on one second.
All right, there we go.
So, I'm just going to run uh both of
these broadcasts for right now. So
streaming uh the warrior stream is now
up and running as well.
So I'll move these charts over here
that window.
So, this is super helpful for me because
um when I'm trading and I don't have my
um I don't have my scans, I'm I'm really
kind of a disadvantage because I just
can't see what I'm what I'm looking at.
I just don't know what's moving.
So, now I've got my scans back on here.
I'm going to close um
going to close this these charts
chart.
So now slide this back over here.
Okay. So now we're in good shape. All
right. So now I'll move this back over
here.
All right. So WK SP hitting scans.
So, this one uh let's see
LPCN.
Yeah. So
h
yeah, the thinker swim scanners
unfortunately don't work super well. Um
I've tried using them before. I tried I
tried setting them up this morning and I
just got frustrated because they just
were not working correctly.
Okay. So, 9:43. I mean, the fact is, you
know, we're at a time of day where um we
don't we're not as likely to get
breaking news headlines. Things are
slowing down.
So CGTL Yeah, it's up 40%.
Float on its 1.4 4 million shares. It's
It's not a high float stock
right there. I can detect a hidden
seller at 114. So, do you see how
there's all that buying? Uh there was
far more buying than there were sellers
on the ask, but it didn't go higher. It
then broke through. Then it hit 15. And
again, it seems like another kind of
wall of sellers. So,
um this one's
this one's got a lot of sellers on it.
not available on Schwab.
Yeah, Schwab is interesting. It might I
mean I don't know might not be available
on Weeble either. U but Schwab uh blocks
some of these
Okay, so this one dipping back down a
little bit.
Higher volume on that candle.
I don't know of a good free version for
seeing if a stock is hard to borrow or
easy to borrow because the thing is um
every every broker is different in terms
of which stocks they'll allow you to
borrow and and not. So, I've been using
Lightseed for long enough that I have a
good feel for it. When I pull up Think
or Swim, it doesn't really mean anything
to me when I see hard to borrow because
I just it seems most things are hard to
borrow with Think or Swim. And Weeble, I
don't know Weeble well enough either to
know um you know how significant it mean
it is when something is easy to borrow
or hard to borrow. So, not not only does
it take time um you know, you've got to
recognize that every broker is a little
different. They have different
thresholds.
What's the biggest spread that I'd be
willing to trade? Um, well,
the answer is different depending on
whether I'm trading my small account or
I'm trading in my big account. If I'm
trading in my big account,
um I'm comfortable taking a little bit
more risk, but typically
I I really wouldn't want to see a spread
more than 50 cents. I mean, that's not
good. And we do sometimes see them 60 70
cents a share, especially when they get
up above $20 a share. They start getting
more expensive and those spreads start
to get bigger. And that can be really
tricky because in an instant, you know,
you could be up 30 cents and then it
flushes and you're down 50 cents. We
were talking about that yesterday with
um CMTM or No, Ctmt.
What? What? What was it yesterday? CM.
No, it wasn't that. Um
CMCT. Thank you. CMCT. So, this one
yesterday
squeezed up, but it had like a 60 cent
spread at one point. It was just not
tradable.
SGBX.
Yeah, it no surprise. It's choppy. No
trades there on that for me.
>> [snorts]
>> So, the news on CLK after hours was that
HR headline, but um it's a Hong Kong
based company.
So why are so many traders going to
Weeble instead of IBKR.
Um, I have a a broker comparison sheet.
Um, I've done I've funded accounts with
all these different brokers and and
really tested them out to see which ones
I think are the best. And um, in my
experience, uh, Weeble is Weeble is not
bad. Um, it's right here. I got give it
a raw score of 7.5
out of 10. Um, Interactive Brokers is is
way down here. So, Interactive Brokers
has um an interesting thing they do. Um,
they consider all clients, all customers
to be affiliates of companies. They
reference rule 144 and it prevents
selling shares that exceed 1% of the
daily volume over the last four weeks as
as an affiliate. So if you're an
affiliate of a company, you have a a
relationship with the company, you you
know, then then there's some
restrictions that that are set upon you.
Um, and so they heer on the side of
caution by assuming everyone is an
affiliate. And if you try to sell more
than 1% of the daily volume over the
last four weeks, the average, uh, then
they will block your order and they'll
tell you you cannot do that because
you're an affiliate. So, you need to go
um go through the compliance program or
the compliance department and declare,
you know, that you're not an affiliate.
And that can take hours if if you're
lucky. And so, in the meanwhile, you're
holding the stock and you can't sell,
which is awful. So, I've seen this
happen to people on positions of less
than a thousand shares. Now, how could
that happen? less than a thousand
shares. It's 1%. Well, it would it could
happen if you have a stock where the
average daily volume over the last four
weeks is like, you know, a couple
thousand shares a day. It has no volume.
And then today, for instance, it has
breaking news. So, it's the breaking
news that um you know gave it the volume
today. So, today it's got volume. It's
perfectly liquid, but because of the
four-week threshold, you know, you're
you're still above it. So, and so for
small cap traders, small cap traders
don't like interactive brokers. Um,
large cap traders, they may like
interactive brokers. I don't know. But,
uh, if you trade small caps, that rule
144 is a is a consideration.
All right, so 953 here. We've got about
uh 6 and a half minutes to the top of
the hour just about.
CF. Uh yeah, a cheaper stock. Um have
traded it I think maybe in the past when
it was higher priced, but um yeah, I
definitely have. I recall this. Um
Israeli company listed on the nice nice
New York Stock Exchange. Biotech.
Yeah, I just don't think that's going to
work. Um EPSM. this one um you know the
price uh is a little cheaper and I don't
see a catalyst and it's a Chinese
company so you know this creates a
little bit more risk as well
you know but this is what we do all day
long we're thinking about risk and
reward upside what's my downside is it
worth taking the trade
Um, no. A dip on OMA. Um, not really
interested on dip trading the back side
of the move. I prefer dip trading on the
front side because when you're dip
trading on the front side, you've got
these nice pullback areas. You buy the
dip here. You buy the dip here. You buy
the dip here, here, here, here. That
works great. Buying the dip on the
backside, you get shortlive pops and
then it goes lower. A shortlived pop and
it goes lower. So, dip trading the
backside of the move is not a very
successful strategy for me.
Now, I'm not saying Weeble is the best
broker out there. It's not the best in
my opinion. There's others that I prefer
and those are the ones that I use on a
dayto-day basis, but for the sake of a
small account challenge and for the sake
of commission free trading, which many
US traders appreciate, I thought Weeble
was um was a good fit. Now, I did a
small account challenge last year using
Think or Swim. So, I can give you guys
the link to that. Um, and so this is
kind of a repeat of that challenge
except um I'm just trying a different
broker essentially and seeing you know
how does how does Weeble compare uh to
Thinker Swim.
Let's see. So where was this? Um
I'll back up.
But um another thing that's worth noting
is that commission free trading is only
something available here in uh the US um
in terms of payment for order flow
because payment for order flow is not
allowed in other countries.
Thinker swim
list.
So that's the thinker swim playlist for
you.
So this is from last year. my small
account challenge last year, day one
through day 16.
How do I stay confident and calm
whenever you are on a long green streak?
Staying confident and calm when I'm on a
green streak is easy because I'm making
money every day. Staying confident and
calm when I'm on a red streak is what's
challenging. Um because during the red
streak I feel more emotional, you know,
I feel frustrated, the stakes are
higher. Um you know, I I
feeling anxious, how long is it going to
be cold for if I'm in a draw down, how
long is it going to take me to recover?
D. So really, those are the areas that
are hard. And one of the things that
does help me quite a bit is reducing my
position sizes, sizing back down. So I
won't make as much with smaller size,
but it's not about making a lot when
things are going poorly. It's about not
losing more. It's about stopping the
bleeding. So, you know, I've got to get
it kind of rained in. And so, uh, the
thing that's helped me the most during a
cold streak
is, uh, reducing my share size. So I
start trading with small positions. With
small positions I start picking up, you
know, couple hundred winners here and
there. It's nothing huge, but you know,
slowly my confidence starts to build
back up and then I start to take a
little bit bigger size and then next
thing you know, you know, we we've
scaled up a bit. So, you know, that's
kind of um
you know, that's kind of
what I found is is helpful. If I'm if
I'm struggling to be calm, sizing down
is usually the ticket.
So, the only reason IBKR got that low
score was because of their um their
stance on all customers having to um
affirmatively declare they are not
affiliates of a company
uh in order to sell or trade more than
1% of the volume over the 4-week average
or whatever it is. Um you'd have to look
at their website to see exactly what the
threshold is, but uh it's a problem for
small cap traders, uh traders of stocks,
you know, with smaller market caps that
are usually priced under $10.
Yeah, Quest Trade. Um over the years,
some people have used and enjoyed Quest
Trade. Um,
it's it's a little harder to do a review
of them as I'm not Canadian. Um, which
would be certainly easy to identify
because I'm not wearing all denim. Um,
but the thing that some Canadians um go
for is Trade Zero Canada,
uh, Centerpoint Canada, and Weeble
Canada. Those are three brokers that um
some Canadians have tried and and have
liked and those are a little easier for
me to do comparisons on because they
have US counterparts.
Yeah. You So you're a retail trader. you
don't have any affiliation, but they are
going to make you affirmatively
um declare that
to allow you to trade. And so what's
going to happen is you're going to get
blocked. You're not going to be able to
sell. And you know how volatile these
are. Imagine if that happened on OMA. So
the average volume on this one yesterday
was like 700,000 shares. So you know
it's got 50 million share float. Let's
just say you own 70,000 shares of it. I
mean, that's a huge position, but let's
just say, um,
they probably wouldn't have let you sell
that if I had to guess. Now, I can't
confirm it because I didn't trade the
specific stock there, but just based on
what I'm looking at as the average daily
volume,
that probably would have exceeded their
1% threshold.
All right, 10 a.m., top of the hour
here.
So, um, you know, the window for me each
day begins at 7 a.m. You know, that's
when it really starts and and it's it
ends at 10 a.m. Um, so what I'm going to
do now is I'm going to switch gears for
Warrior uh Pro members. And for those of
you guys doing the twoe trial, I will um
I'll do a uh a Q&A session for you guys.
So, I'll go into the Warrior Pro mentor
room. We'll do a Q&A session. Um,
and those of you guys that are have been
watching here on YouTube today, uh,
thank you guys for tuning in. This gives
you a little glimpse of what it's like,
uh, to be a member at Warrior Trading.
And if you would like to check out our
twoe trial, you're welcome to do that.
Uh, the link here, you can join us for
the next two weeks. Give it a try. We
are running our uh, Black Friday sales
uh, right now.
Some of you have done twoe trials in the
past and we limit them to doing it once
per person. Um, so you know, if you
wanted to take the leap and become a
member, either a Warrior Starter member,
that would give you access to my
broadcast and to day trade dash, or if
you want to become a Warrior Pro member
and go all in, uh, we'd love to have
you. So, uh, make sure you guys check it
out. Warrior Pro members, um
th those you guys who join um using that
Black Friday coupon code, you get a
7-day uh money back guarantee. So,
you've got 7 days to jump into the
community, try it out, see if it's a
good fit, and then just email us on or
before the seventh day if it's not for
you. So, um and by the way, YouTube, the
stream is always going to be a little
bit delayed because, you know, you're
using YouTube streaming servers. uh
Warrior Trading people that first logged
in, they said, "Whoa, war the Warrior
stream is coming through before the
YouTube stream." And that's because we
use ultra low latency streaming servers
at Warrior Trading. So, you guys can
have real-time market commentary. Um
YouTube is is not bad, and it's
certainly not bad if you're watching a
concert or something like that, but um
when it comes to trading, the the delay
can be um can be a problem. So, uh, so
for those of you guys noticing that
delay here, rest assured that that's not
a problem when you're a member at
Warrior Trading. Okay. So, um, I'll
leave you guys with that. And reminder
for those of you guys on YouTube,
trading is risky. My results aren't
typical. So, manage your risk, take it
slow, always practice in a simulator
before you put real money on the line.
And I will see you back here um again
sometime