3 Stocks I'm Watching for Tuesday! (Labor Day Sales ENDING SOON)

What's up everyone? All right, in
today's episode, I'm going to share with
you three stocks I have on watch for
Tuesday morning. That's right. There'll
be no watch list for Monday morning
because the market is closed on Monday
for the Labor Day weekend.
It's disappointing. It's [laughter]
You know, most people are thrilled to
have a long weekend. When you hate your
job, you love having a long weekend. But
when you love your job, a long weekend
is like, "Oh man, what am I going to do
on Monday? I'm not going to be able to
do the thing that I love doing, which is
sitting down and trading." So for most
of you, and certainly for me, I look
forward to Monday morning. On Friday,
I'm kind of bummed out that, you know,
the market's going to be closed on
Saturday and Sunday. And so, as I sit
here getting ready to build this watch
list for you, I am left uh feeling a
little bit discouraged that I've got to
put up with uh the three-day weekend.
And I also have about an 18 20 hour
drive ahead of me. I'm in Canada. I've
been on on the road for the last two
weeks camping with my two sons, having a
a great time trading every day inside uh
this van right here, which is a Sprinter
van with a Starlink satellite mounted on
the roof, two solar panels, battery bank
right near here under the bench. And you
know, even though I've been kind of uh
off the grid camping, I still trade for
2 hours each day from 7 to 9 roughly
because I really enjoy doing it. For me,
every single day that I sit down in
front of the computer, I feel like I'm
sitting down in front of a puzzle. It's
and and I get so much satisfaction on
each attempt to solve the puzzle. If I
solve the puzzle successfully, I walk
away that day with a little bit of
profit. And the puzzle is very much
based on um you know pattern recognition
and memory. It's very visual. So each
day I'm looking at stocks that have
breaking news that are moving higher. I
look for specific candlestick chart
patterns to take my entry managing risk
and then hopefully to book some profit.
Now as you might imagine, not every day
is a green day, but even on the days
that I'm red, I don't usually feel that
discouraged. In fact, I I often just
feel that, wow, there there was
opportunity today and I kind of botched
it. But you know what? I get the ball
back and I get to try again tomorrow.
And that's because I never allow myself
to lose more in one day than I can make
back in, you know, a couple of good days
more or less. I mean, again, there's
some exceptions to that, but for the
most part, that's the way I approach
trading and I just get excited every
single day that I get to sit down here
and the market's about to open. So, long
weekends are a little bit of a bummer.
But here's something that you can do
over this long weekend and that if I
were a beginner, I would absolutely be
doing. Study some of the big moves from
the summer because that will help
prepare you for the next hot cycle. Does
that next hot cycle start on Monday or
Tuesday? Well, obviously not Monday. On
Tuesday, probably not, but maybe. And
whenever it starts, you want to make
sure you're equipped with everything you
could have possibly learned from the
momentum of the last couple months so
you can trade these next big movers that
much more consistently and profitably.
This is also true for me. I mean, we had
some great momentum over the summer and
I capitalized on it fairly well, but I
could have done better. There's always
room for improvement with this attempt
at solving the puzzle of being a
profitable trader. There's always room
for improvement. So, I'm going to go
back here to June, and I'm going to jump
forward to we'll just go to the end of
August. And this is for my Roth IRA, my
main trading account. Uh, and I'm going
to go to detailed, and we'll just take a
big picture look at the performance of
this last uh 3 months. So, 1,118,3464
of profit trading with accuracy of about
65%.
Average winners, as you can see right
here, 7,000, average losers, 4,600. Now,
if we looked at this and we got into a
little bit more detail, we're going to
look at winners and losers. These are
the stocks that you should be looking at
the charts for for the last 3 months.
EDHL, STI, JWELL, IPST, UTSA. Grab a
screenshot if you want to. CUPR, PPCB,
GEM, LABT. These are the stocks that
gave us some of the biggest moves. These
are the stocks that I lost the most on.
These are also worth watching to see
where there was room for improvement.
Are there reasons I should have avoided
these stocks? Now, of course, if you go
through my um recaps, you could kind of
go to the specific day that I trade each
of them and get even more dialed in,
which you're welcome to do. Uh but you
know what I would also encourage you
guys to do? Because this is the Labor
Day weekend, it also means that our
annual Labor Day sale is ending on
Tuesday. So, this Tuesday, the Labor Day
sale will end. And that means it's your
last opportunity to take advantage of
our special discounts on the Warrior
Starter and Warrior Pro memberships. So,
if you've been tuning in on YouTube for
a long time, if you've done our twoe
trial at one point and you liked what
you saw, but it wasn't the right time,
maybe now will be a good chance for you
to take the leap and become a member.
When you become a Warrior Pro member
using the Labor Day sales, you'll also
get a 7-day satisfaction guarantee right
here, which means you have seven full
days to be in the program and see
whether or not it's a good fit for you.
And if it's not for any reason, you can
opt out and you get a full refund. And
there's no strings attached. There's no
hoops that you have to jump through. We
make it really simple because if it's
not a good fit for you, we don't want
you to be, you know, stuck with
something you're not happy with. So, I
hope you guys check that out. Um, and
then you could spend, you know, this
weekend actually going through some
curriculum
and getting yourself really prepared for
Tuesday morning. Now, I've got this 18
20our drive ahead of me. And, you know,
I kind of wish that I had um like a
really deep dive that I could, you know,
something I could really sink my teeth
into. Um, I I I kind of don't. Um, I
don't have a new thing that I'm learning
right now that, um, I have, you know, 20
hours of content or or more that I
could, um, spend the time listening to.
I suppose I could just do a live stream
for 20 hours and do 20 hours of Q&A.
That would, uh, eat up [laughter] the
drive a little bit. Uh, but I don't
think I'm going to do that either
because that that sounds like just
making a a very long drive a little bit
more tedious. And of course, you really
shouldn't be probably look staring at
your phone while you're driving. So, for
me, the drive will be uh listening to my
boys periodically bickering in the back
of the van um and uh me
fielding the question of when are we
going to get there? When are we going to
get there? Uh but for you, hopefully you
can make good use of this long weekend.
All right. So, um, so as we know towards
the end of, um, August, u, although I
had a a really good finish, uh, or a
really good, um, summer, things did cool
off, as you can see here. What are we
doing? What's this? Um, wind loss
expectation.
Something's not syncing up correctly
here. I'm going to refresh this and see
if I can get it to work correctly.
Uh, what am I zoomed in on a specific
symbol? All right. So, we're just going
to go uh we'll do uh year to date, and
then I'll just change this to June.
Let's see. So, what I want to do here is
just look at uh the performance for the
last 3 months or so.
Uh and you can see here that I had this
really nice move up, a little bit
sideways, a really nice move up on a
couple steeper draw downs. Uh and we're
kind of flattening a little bit right
here near the top. So, before I break
down these three stocks I'm watching, I
want to share with you um something that
I really struggle with in my trading. Um
this would be the time I would usually
switch to a full screen camera so you
could really um cuz this I'm not going
to be on the charts here. I just want to
explain to you this thing, but my setup
here in the traveling trading station
doesn't really work well for that. So,
um well, I suppose I probably could, but
um in any case, I I I won't trouble you
with that. it won't it won't look as
good. Anyways, so here's here's
something I've always struggled with as
a trader. Taking my foot off the gas
when the market cools off. It is
absolutely my Achilles heel that I I
just I go too hard even when it's
slowing down and I start giving back
profit and and suffering big losses.
It's always been a problem for me. Now,
some traders have a little bit of a
different problem that they have a hard
time um sizing up. They have a hard time
kind of putting the pedal to the metal.
That's never been hard for me. I put the
pedal to the metal and I have a hard
time easing off the throttle. And so
often what that looks like is as the
market starts to cool off, there's kind
of these warning signs. You know, I'll
have a really big loss because I take a
big position, I get stubborn. We saw
that happen a couple times in August,
right? We've already seen these warning
shots um you know, across the bow here.
So, August, boom, $73,000 red day. But
then I made it right back the next day.
So, it was like, all right, well, maybe
that was just a bad day. Then a $64,000
red day. Well, I made it all back two
days later, you know, and then a couple
no trade days, focusing on the small
account, whatever. Uh, green day, couple
red days, you know, solid green day. And
and these red days were a bit more
moderate right there. And then we go
into September and a couple more red
days. And but now the green days are
getting smaller. And what I'm kind of
setting myself up for here is
that
if we don't if we start if we continue
to see the level of false breakouts that
we've been seeing, um I'm not going to
be able to have small green days and the
red days are going to get bigger to the
red side. And so I've noticed in the
market that there's this sort of um
blessing and curse that when the market
is hot, a lot a lot of traders are
attracted to trading in the hot market.
They're like, "Oh my gosh, there's so
much moving. I want to be, you know, I
want to be in this market." Da da da.
And so when the market's hot, you see
these traders um come in. And so during
hot markets, volume increases in the
market. More trading volume, right?
because more traders are there. And what
that means is that there's more
liquidity. So when the market's hot, you
could trade with bigger share size. So
when the market's hot, you make even
more money. This is the blessing. And
then when the market cools off, traders
are like, they're peace out. They're
like, I'm done. I'm out of here. I'm
taking a break. And so all of a sudden,
the volume declines.
And that means you have to decline and
reduce your share size because if you
keep trading with big share size, you're
going to start getting more and more
slippage because there's less liquidity,
which means your winners, if you keep
trading with big size, will be smaller,
but your losers will be bigger, which
creates a negative profit loss ratio and
statistically makes it more likely that
you will lose money. And so when things
are cold, they get doubly cold. Not only
are there fewer opportunities, but you
have to trade those opportunities with
smaller size. And I don't like to do
that. I get stubborn and I continue to
trade with big size and it'll work and
then, you know, I'll end up getting
completely smoked on a trade or a couple
trades and then I dig myself a deep
hole. And then once I'm in the draw
down, once I'm in the bottom of that the
trench of that hole, then I'm like,
well, geez, I've had two, three, four
red days in a row. I can't keep doing
this. I need to put my foot on the brake
or take my foot off the gas and now I
need to size down. Well, now the damage
has been done. Right now I've already
given back, you know, 15 20% and so I'm
in a place where I'm more emotional. I
don't want to take my foot off the gas
here. I wish I'd taken my foot off the
gas like way up here, but I didn't. Now
I'm in a draw down. And now I feel like
the only way to make back that loss in a
reasonable amount of time is to maintain
bigger share size. Unfortunately,
maintaining bigger share size is what
got me into this situation and it's
what's going to send me back down
another step or another step until
finally I've in a fit of, you know,
emotion given back everything I made
during a hot streak. And I've seen
traders do that and I've done it myself.
And so even though sizing down isn't
what I want to do, it is what the market
calls for and it is the hardest thing
for me to take my foot off the gas. I
And again, this is a problem that I
struggle with. I don't know if it's the
same for you. If it is, you know, share
it with me and let's see how many people
also struggle with this. Some struggle
with being aggressive and they feel like
they just never capitalize enough when
it's hot and others struggle with um you
know, calming them, slowing themselves
down when things get cold. I struggle
with slowing down when it gets cold.
Although, I suppose I could say that I
also look back at the hot period and
think to myself, I should have been even
more aggressive than I was, especially
in light of how cold things are now. I
wish I'd been more aggressive to be able
to, you know, add more profit. So, I
think we're all somewhere on that
spectrum, you know, between being very
aggressive in our disposition with
trading or very conservative. And I tend
to be on the more aggressive side, which
generally speaking has benefited me
really well, but you know, I have gotten
into these periods where I end up
having, you know, bigger draw down. So,
uh, if we do like a year-to- date on my
P&L, you'll see that, um, this year
overall, we got to go over to detailed
and then win loss expectation. Right
now, I'm sitting at 2.1 million, 66%
accuracy, $5,000 winners, $3,000 losers.
That's year-to- date. So, this is my P&L
year to date. And, you know, look, I'm
not going exactly steady. I had some
periods of underperforming, some periods
of overperforming, a little bit under.
You know, that that's just sort of the
way it is. Let's look at last year to
date. Last year year to date so or no
it's just sorry last year. So last year
um was a bit more like this
underperforming and then a really hot
period and then kind of slow really hot
and then we kind of slowed down and I
think this was when I took a 173 like a
$200,000 loss right in there and you
know that was a bummer and it took a
little bit to recoup that and that
happens to me. I mean, I take, you know,
six figure losses and I, you know, look,
I take it on the chin and I reset and
I'm back at it, you know, the next day.
But I try to remind myself that if I
keep going that hard, those losses are
just going to multiply. So, I say all
that because I I want you to know
wherever you are at in your career that
even someone like myself who's been
doing this for a long time has areas
where they might struggle. and I
certainly do areas uh in need of
improvement. And I think that that um is
helpful to know so you realize that
you're not alone and that being
successful doesn't mean you suddenly get
rid of all of these flaws or all of
these, you know, traits that you have
that might lead to loss at times. It
really being successful just means that
more often than not you are able to walk
away before it gets too bad and you're
able to rebuild um you know with some
degree of composure and again all of
that is on a spectrum. So now as we look
towards the week ahead given how slow it
was last week and you know we just go
back to the calendar last week was
really slow. So, we're in this, you
know, really slow period right now. Uh,
which is a little discouraging. So, what
should we expect for Tuesday morning?
Well, I think we should expect that
things will continue to be slow for the
time being. We don't know when there'll
be another stock that makes an
incredible move 500,000% and that that
sparks the next wave of momentum. That
could happen at any time, but it also
might not happen, you know, for a little
while. So, what we can do is we can
focus on hitting base hits with smaller
share size, just getting in, getting
out, and taking those 15 20 cent
winners. In fact, that's how I've built
my career. Certainly, I make a lot more
when the market's hot, but steadily
hitting base hits is what I've done
consistently for so many years. And so,
my plan for for Tuesday is that the
first thing I I'll do when I wake up is
I'll be looking at this scanner right
here, which is my top gainers scanner.
This will show me the leading gainers in
the morning on Tuesday morning. Now, I'm
already checking my after hours top
gainer scanner from Friday, and I'm
using this to inform me of what was
moving in the after hours session on
Friday, so I can get a sense of what
should be on my watch list for Monday
morning. The first stock is ISPC. ISPC
right here um ended up making a move in
the after hours session. 6.5 million
shares of volume on a 2 million share
float. It's a US company. it is um in
the healthc care space. And as you can
see here, this one went for about a$155
up to $2 and closed at the after hours
high, which is a very bullish position
for a close. Now, if we back out the
chart just a little bit, you'll see that
the stock for the last couple days has
traded on very, very light volume.
There's been almost no volume on it. You
check the daily chart and you see that
it has had a history of some red days
back here. They did a reverse split.
popped up and it's pretty much sold off.
But now we're at a place where we've
kind of based out a little bit here. And
this is where we look at this recent
area of support around a$140. So $140 is
the low. That's your support. So if you
were in around $2, you're you're, you
know, 60 cents off support, which
percentage- wise is a decent percent,
but it's still fairly close to the
all-time lows here. And the 200 moving
average is up around 1350. And so if
this starts to curl, we've got room for
it to move back higher. So I start to
draw out a couple levels on the daily
chart. One of the first ones I notice is
around 296 right there based on the
resistance from this area and this area.
If we get over 296, then we've got
another little window here from 338. And
that gives us room up towards 449. If we
got above that level, then to the left
and up, we start to have smaller candles
in this area that get us up towards five
and a little bit higher. So, I wouldn't
expect necessarily that we get a move
all to all of this. But these are the
gaps and windows that I look at on the
daily chart to help me understand where
we might run into resistance. So, ISPC
is the first one on the list. It's very
possible that it moves at 4:00 am early
early on uh Tuesday morning and that by
7 6:30 7 a.m. it's already got a lot of
volume and there's not any opportunities
but is the first stock that I would keep
an eye on. The second stock that I would
watch is actually IMRN from Friday. IMRN
made this 60% move, pulled back a little
and then held right here pretty much all
day long. So, anyone who was shorting it
hoping this would just unwind did not
get that resolution, which means we are
starting to get potentially a head and
shoulders formation, which would be a
base hit trade from like 180 back up to
$2. You might get a little bit more than
that, but I wouldn't set my sights on
anything too much more. It's not like a
home run setup, but a little base hit
there. Just the fact that it didn't die
off and and roll over by itself is
fairly bullish. So this again um
healthcare company. This one's
Australian. Uh no issue with that. No,
it's not like the um Chinese, Malaysian
or Singapore companies. Um and then the
third stock on my watch list is SLE. SLE
um is a lighter volume stock that
started to pop up just a little bit in
after hours trading about 25 30%. And if
you look at this, it's a stock that has
popped up a couple other times and sold
off. And now I'm wondering if we get a
curl back up towards this previous um
resistance level which was up around
737. If we could break through that
level, then we've got more room back up
towards the 200 moving average up here.
Although there are some resistance
points from on the chart from back in
these areas. So a couple areas to be
aware of, but we really need to get over
737 to clear the high volume of these
two 40 50 million share days. So, if we
can get above those levels, this starts
to get a lot more interesting. So, I
would keep it on watch just for that
possibility. I'm not sure it's going to
work, but that's what I would look for.
Now, the stock that I traded on Friday
was AAN, and this stock ended up having
this after hours move pre-market
continuation and then ended up rolling
over as the day went on and finished
down 7% which was pretty dismal. So, I
do have relatively low expectations for
the market right now, but I'm going to
continue to show up every single day,
focus on trying to lock up a few base
hits, especially for my small account,
which did take a little bit of a beating
on day 43. I need to work on getting
that account back up towards 100 grand.
So, that's going to take some focus. And
for my main account, I just feel like uh
you know I I don't the September right
now has been off to such a slow start.
On the one hand, I could continue to
chip away with 5 105 $20,000 days. Um
and that could turn this into a you know
$200,000 month. On the other hand, I
kind of want to just focus on the small
account a little bit and wait for
opportunities to improve so I could just
get one, you know, six-figure trade or
two or three six figure trades in the
big account and rather than doing lots
and lots of little trades, just do that
in the small account and in the big
account just step in when things are
really starting to move. The risk with
that approach is that we may not have
one of those big moves. I'll give you an
example. I was rather humiliated on this
camping trip when I lost uh quite quite
badly in Monopoly to my two sons.
Monopoly is a game that divides families
as you probably well know. Um the the
there was multiple times where game
board pieces were thrown. Um it's a very
emotional game. I did the strategy of
saying I'm going to save my money to buy
the highest value properties. So I'm
going to kind of cherrypick. I'm going
to land on properties. I'm not buying
them. I'm going to wait. I'm going to
wait. I want to buy an owned boardwalk,
right? Park Place. I'm going around to
Pennsylvania Avenue. That's where I'm
going to pick up. Well, you know, lo and
behold, I never landed on any of those
park place. Um, you know, I didn't land
on any of those properties. They got
bought out by the other players in the
in the game. And next thing I know, I'm
sitting there and I own like I own two
properties. I've got a ton of cash and
everyone else has monopolies. and I
slowly get bled out until I'm done. And
so that was an example of cherrypicking
rather than just taking what comes. You
take what comes and that clearly is a
better strategy in Monopoly. Is it a
better strategy in the market? Well,
both have a degree of uncertainty that
you don't know when you in in Monopoly,
you don't know if you're going to land
on those great pieces or if you do, you
know, by the time you get there, how you
know what the situation is going to be
if someone else has already bought it.
With trading, we don't know how long
it's going to be cold. So, if you say,
"Oh, I'm just not going to trade at all
while it's cold. I'm just going to wait
for the hot market to come back." You
might end up being on the sidelines for
a couple days. You might end up being
there for a couple weeks. You could even
end up being there for a couple months.
And a couple months of base hit trading
for me is hundreds of thousands of
dollars of lost profit. So, to kind of,
you know, put up my nose and say, "No,
I'm not going to do base hit trades."
I don't I' I've never thought that that
is actually a good idea. I think it's
always better just to keep trading every
day, take the base hits, have the
self-control and the restraint not to go
heavy on anything. And when things heat
back up, then you're in a great position
to just scale up. Uh because I'm doing,
you know, the small account challenge
and everything, colder markets do kind
of lend themselves just to focusing on
the base hits there and letting the big
accounts sit on the shelf for a little
bit. So, I I think there's a little bit
of a rationale for it, but I generally
would say it's better to uh just show up
every day and not try to cherrypick and
wait for things to pick up because, you
know, that just seems like it's a good
idea, but it doesn't seem like it really
actually works out that well in
practice. And it's also possible that
the day you think it's going to work,
you size up, and then that ends up being
a big flop, and now you're sitting in a
draw down anyways. Uh, and it could be a
pretty big one. So, there's some food
for thought uh, for you guys. But, I
really encourage you, if you haven't
already, to check out our Warrior
Starter and Warrior Pro memberships.
Take advantage of these Labor Day sales
while they last. They will be ending on
Tuesday, and I look forward to seeing
you guys back at it bright and early on
Tuesday morning. I'll be streaming at 7
a.m. Eastern Standard Time. So, thank
you guys. And a reminder, as always,
that trading is risky. My results are
not typical and there's no guarantee
you'll find success whether you trade
with me or you learn on your own. So,
please manage your risk and always
practice in a simulator before putting
real money on the line.