What's up everyone? All right, in today's episode,
I'm going to break down my day trading watch list
for Monday morning and the game plan for the week
ahead. Now, July so far has gotten off to a little
bit of a slower start than what I was expecting.
The Thursday and Friday or the Wednesday,
Thursday, right before the holiday weekend
was cold or slower, but not surprising cuz
we were going into the weekend. But then Monday,
Tuesday, Wednesday of last week continued to be
slow and that surprised me. But then all of a
sudden, Thursday and Friday, we were back at
it with multiple stocks going up over 100%. So
Thursday and Friday were my biggest green days
of the month so far. Now, as I sit today, I'm up
around 70,000 on the month of July. In June, I
finished up just under 600,000. That's an average
of about 150,000 per week. So June was phenomenal,
and I expected that momentum to continue into
July. I didn't see any reason why it wouldn't,
although some of it was tied into the SpaceX IPO,
which was sort of a one-time event that has now
passed. So, in any case, I'm going to walk you
through the type of stocks I'm going to be looking
for on Monday morning. And I'm hoping that we're
able to continue the momentum that began finally
on Thursday and Friday. So, if we jump onto
the screen share, you can see my P&L here from
uh just the last two days. Thursday here, 24,000,
Friday, 18,000. Uh both days I gave back a little
bit off the top. Um, I peaked unrealized up
around 30 and then, you know, gave back a little
bit right here. And then on uh Thursday, I peaked
again about 28 $30,000 before giving back a little
bit. The last big green day was on uh the last day
of June, a $70,000 green day, which was awesome.
So you can see my P&L right now kind of
marked by big green stretches, a little slow,
another big jump, a little slow, and you know,
I'm kind of waiting and looking for that next
big jump forward, which hopefully we'll be getting
soon, but you know, obviously time will tell. If I
look at my metrics for the month of July, this is
kind of interesting. So this month here for July,
look at my accuracy. It's only 45%, which
is embarrassingly low, but when I'm right,
I am right. The average winners are $6,600
and the average losers are only 1,300. So
my biggest loss is 5600. My biggest winner is
19,000. So that's like a 4:1 uh profit to loss
ratio on the extremes and more of a 6:1 profit
loss ratio down here. 5 to1. So this is good,
but I need to see if I can boost up my accuracy
just a little bit more. Now on the one hand,
I've only taken 31 trades so far this month. 14
winners, 17 losers. So, I haven't taken a lot of
trades, but um you know, this kind of gives you a
sense of of where I'm at. Now, if we um let's see,
maybe we Well, I think that's that's enough.
I don't think we have to look at anything else
there. So, I'm going to move this over here. Our
biggest moves on uh Friday were JZXn and GMM. Now,
these two stocks had the highest volume in the
entire market at 144 million shares and 135
million shares for the two um respectively.
uh JZXN Chinese stock squeezing up. GMM,
this one's also a Chinese stock squeezing up. So,
it seems that we still kind of have this theme of
Chinese stocks making huge moves. Um that's
something for us to certainly be aware of.
It's tricky though because as we also know, these
Chinese stocks can be really bad. They could drop,
you know, as much as like 90% in a single day.
We've seen it happen before. So at this point,
the challenge is having the patience to not try
to anticipate which stock is going to make the big
move, but instead jump in once a stock is proving
it is the leading obvious stock. So on a day like
Friday where GMM was the leader, other stocks that
were hitting the scans, a lot of them ended up
just being sort of like a sympathy pop that didn't
hold. So traders are a lot of beginner traders are
quick to jump on anything moving, even if it's
not really that great of a setup because they're
not as good at distinguishing what makes a stock
go up 170% versus go up only 7% and then tank. So
what really is the difference is that the stocks
that go up the most continue to maintain people's
attention. And the reason they do that is because
they're one of the top leading percentage gainers
in the market. And so this is like page one of
the Google search for instance. And it's always
the first and second, maybe maybe third results
that get the most attention. And then it's rapidly
declining from there. No one scrolls all the
way down here to be like, "Oh, look. POE is up,
you know, 8%." No one's paying attention to it. It
hits the scanner, nobody cares. VIVS, oh, look at
this one. Yeah, it pops and reverses because some
people that are maybe a little newer jump on it,
but it it doesn't have the staying power. So, make
sure what you're looking at is one of the leading
gainers or if it just popped up in the last two
minutes has suddenly popped up 50% or maybe 70%
so it's up enough to be having a meaningful chance
of becoming one of the leading gainers. That's
where it to me gets interesting. Now, something
that I'll mention is I would encourage you guys,
especially those of you who are new, those of
you who are new to trading, maybe even new to the
warrior trading community, if you join during um
the Fourth of July sale or you're doing the twoe
trial, and there'll be a link pinned at the top
of the comment so you could do the twoe trial for
20 bucks that I want to challenge you to spend
the next two weeks, spend the next three weeks,
spend the rest of July trading with a 100 shares
max position and really sticking to that one
entry, one exit, and spend this time focusing on
collecting your metrics. You're not trying to make
big money right now. For those of you guys who are
new, you're trying to prove that you can build the
skill set to be a profitable trader. And if you
can be a profitable trader even with just 100
shares, that's something you can scale up. But
if you can't make money with even a 100 shares,
there's no reason to think you'd make money with
a th000 or 2,000. So save all that extra risk
for when you've proven you can be consistent.
Now I think each day when you're sitting down,
when you're, you know, in the chat room and
you're looking at what other people are saying,
it's an opportunity to kind of get a feel
for what are other traders looking at today.
Oftentimes I'll see a stock pop up on the scanners
and then I'll instantly see a bunch of people say,
"Ah, this stock's no good. Has a history of doing
rejections. It always pops up and drops. The 200
moving average is in the way." And you can read
the sentiment in the room. You could see, "All
right, people are pretty negative on this stock."
Now, they might be wrong. The stock might have a
great catalyst, and perhaps that could override
that initial negative sentiment, but I like to try
to pay attention to what collectively are traders
thinking about these stocks. Are they bullish? Are
they bearish? Do they like them? Are there issues
with them? Because it kind of helps me gauge like,
you know, where is where is market sentiment right
now? When we have a stock like GMM or JZXN that
are the leading gainers, then people just sort
of start looking at them and they're like, "Okay,
well, it's obviously up a lot, but it has the 200
moving average in the way." So, that's going to
become an issue. So, then everyone's looking
at that level. So, it's important to kind of
understand what are people collectively thinking
about these stocks. What are they thinking is the
logical next stop sign of resistance, 200 EMA,
maybe another critical level. Are they thinking
this is a stock that has a lot of potential?
Because if people all think a certain way,
and this is sort of collectively across the whole
market, like SpaceX, you know, after the IPO,
everyone was like, "Oh, this thing's gonna go to
200." Guess what? It went to 200. You know, they
kind of thought it and so sellers aren't selling
till it gets to 200. And I didn't sell till it got
to 200, right? Because I just sort of knew this
is what everyone's thinking. And so, you sort
of have to recognize that people believe things
into reality at a certain point where if everyone
says it's going to go to that level, then no one
sells until it gets to that level. It goes to that
level. And this is very true with our technical
indicators, the 200 moving average, right? When
stocks squeeze up to the 200 moving average, we
know, okay, that's going to be a resistance point
right up here. Um, now GMM, of course, had a
lot of room to the 200, so that was an issue
or a level in play, but there are a couple
other issues on the daily chart. We had 475,
which was an issue. We had a couple high volume
red days, and these were levels that people were
watching. And so, it wasn't surprising that we had
some resistance at 475 before it was able to break
that level. And it would have been surprising if
we had resistance up at 1173 before it was able
to break that level. So I really want you guys to
work on thinking critically about the stocks that
you're looking at trading with small size and just
trying to gauge what is the sentiment. You know,
is this a stock that people collectively are
bullish on? Is this a stock people are bearish
on? And if they're bullish, okay, this is a stock
that probably is going to have a little bit more
momentum, but I still have to manage my risk.
So, this is a stock there that is a probably
good contender to be watching. But where can I
manage my risk? Now, on uh the one minute chart,
if you recall, GMM had a couple of really nasty
false breakouts. Were you paying attention to the
position of the MACD? This false breakout right
there, MACD was negative, so I didn't take that
trade. Right? This false breakout up here, MACD
was negative, so I didn't take that trade. So,
now you're combining these various levels of
analysis. You've got your kind of sentiment gauge,
momentum meter, like are people bullish, are they
bearish? Is there a lot of FOMO in the market? Is
there a lot of fear and anxiety in the market?
Then on the technical level, the position of
the 200 moving average, the position of the MACD,
and again, not to sound like a broken record, but
these are all the things I cover as I go through
the Warrior Pro curriculum because my goal is to
empower you with all of this knowledge that I've
accumulated over all of my years of trading to put
it on the table for you, to give it all to you.
Now, just because I give you the road map doesn't
guarantee you'll be profitable. You still have to
follow the directions. So, if I wrote down right
now the directions to get to, you know, I don't
know, first and 54th in Manhattan and you got to,
you know, I mean, all the highways you take just
to get down there and I wrote it all down for you,
there's probably a 50% chance that most of you
guys would get lost along the way. You know,
driving in the city, it's a little complicated,
but if you follow those directions, you know,
step by step, there's a there's probably
a 95% chance you would get there. Well,
why not 100? Well, there's external variables.
What if there's a road clos? You know, things
like that. There's still the the variables
that you know are kind of unaccounted for,
but what I see for a lot of beginners is that I
give you the map and then you immediately take
a detour and you get off track and that's
where you're going to have a problem. So,
I want you to focus on trading with small size if
you're a beginner and see if you can get yourself
dialed in with making sure you're trading the
right stock each day. That's number one. Trading
the right patterns and checking your indicators.
That's number two. So, really just take it slow
right now. My game plan for Monday morning, we had
FR FTRX here as the leading gapper after hours or
the leading gainer after hours. So that'll be
up 76% going into Monday. And I imagine traders
will be watching it. I'm not that interested
because I think it's too cheap. It's another
foreign listed company from Singapore. So sort
of similar to the Chinese stocks. They pop up,
but they can be difficult to trade. So I'm not
that interested in trading this one. Um I just
don't think it's going to be worth it. The rest
of the gappers um or the gainers from after hours
are you know QTBB this one we've traded before
makes a big pop as you could see here we may get
continuation on that but um price is a little
higher so a little on the cheaper side up 26%
this one sold off though and it bounced so I
don't think that's going to be worth watching
at all u Mimi Mi that one the price is okay if it
broke through this level that could be interesting
so you've got a couple afterhour top gainers ers
CLRO, you know, this one just bouncing slightly,
probably not worth trading. Um, but I would
watch these afterhour top gainers for possible
continuation into Monday morning. And then when
I'm sitting down at about 7 a.m., I'm going to be
watching to see what are the leading gainers.
GMM was our leading gainer going into Friday,
going into um Friday morning. And look at what
happened at exactly 7 a.m. 7 a.m. when all retail
traders come online or most retail traders. Look
at this surge of volume. Boom. So this is this
is before Charles Schwab is online and this
is after Charles Schwab is online. Schwab is
the biggest broker in the United States. It has
an unbelievable number of active traders. They
don't allow trading before 7 a.m. 7 a.m. boom.
All of a sudden this huge activity. Now they're
not the only one that doesn't allow trading
before 7 a.m. But they're big and they don't.
So coming into 7 a.m. all of a sudden, boom,
this was this was game time. So I'm going to be
watching at 6:45. What are the leading gainers?
What are the 1, two, three most obvious stocks?
Do I like them from price, from float standpoint?
You know, what's their chart look like? And that's
where I'm going to be most likely finding my first
trades tomorrow morning. I encourage you guys to
do the twoe trial, to watch over my shoulder,
and to practice in the simulator before you ever
put real money on the line. So reminder, trading
is risky and my results aren't typical. Take it
slow. and I'll be streaming tomorrow at 7 a.m. I
look forward to seeing you guys in the chat room.