Unexpected Huge Win | Ross's Day Trading Recap transcript

what's up everyone all right so here we are it's friday it's the first day of the new month and guess what i'm gonna finish the day up eighteen thousand five hundred dollars almost fifty percent of the way to my 40 000 monthly goal in the first day of the month this week has been crazy it started on monday with me going into the red spending the whole morning and part of the afternoon trying to dig myself out of the hole only to close up 400 bucks tuesday lost three thousand dollars ended my 23 day consecutive hot streak wednesday came back into the market swinging made 11 000 and what's awesome is we did a survey of our students on that day 88 of them that trade the same stock that i traded the big mover were also profitable thursday yesterday lost 1300 bucks second red day of january and now here on friday of 18 500 did another survey 85 of our students who traded tmsr were also profitable you guys are day trade warriors you get it you are searching for those a quality setups you're getting aggressive when it's time to be aggressive and you're making money so we're in the middle of the polar vortex it's about 10 below zero this morning on my way into the office so of course i had to break out the raccoon this trash panda sifts through the trash to the market and today i found the biggest moving stock tmsr up over 200 when it was at its highs and i nailed it you know what though as good as i did on it i know i could have done a little bit better and that's what's going to keep me motivated always trying to do better to be a better trader to make more money to be more successful 18 000 is great i think i probably could have made 50 000 on this stock if i was a little more aggressive so you know what just like i said on wednesday after that huge move on sxtc there will be another stock around the corner today it was tmsr if you missed it or if you were read on it study study study there will be another stock around the corner make sure you hit that one and trade it a little better than you traded the ones today all right guys i gotta stay warm i will see you back at the market first thing monday morning 9 9 15 for our pre-market analysis all right see you guys then later all right everyone so uh we're gonna do our midday market recap we'll go over the trades from this morning today uh being the first day of february first day of the new month and a friday i had pretty low expectations for today that's what i said in the pre-market watch list i said i you know really don't have high expectations today i'm going to expect false breakouts i'm going to expect it to be uh you know kind of a lackluster day and if it surprises me and we end up having a great day i'll be happily surprised but i'm not going to go into it expecting for big momentum so um you know that makes it kind of surprising that i'm finishing the day up eighteen thousand five hundred dollars i was not expecting it uh really i just didn't see a whole lot on the watch list this morning uh i'll bring up the watch list for you guys or the gap scanner so you can see what we were looking at this morning um the big mover tmsr right here i'm leaving that one alone for now i'm i'm gonna do the smart thing and take my money and be done for the day even though it's um maybe still going to give more opportunities and might make its way up to you know ten nine or ten i'm just gonna say um you know know when to to step back now um i'll put up this uh screenshot we got this morning we did a survey of you guys and um we found that just about 85 percent of you that traded this stock right here tmsr were green on it about 38 didn't trade it at all about 8 traded it and we're red so we're at 88 on um was it monday or tuesday uh 85 today is is pretty good so you know really glad to see you guys uh for the most part coming out ahead on this one it was a little volatile uh as you can see from a low of 350 to a high of 850 and now uh it looks like it's coming back up towards the high possible double top here uh the correct entry point was 750. first well 739 actually that was the high of this red candle at 10 35. so that was the correct entry for this move here and you can see how volume came in and you got a little bit of a break this is the abcd setup and this is going to be a one-minute pullback underneath the high update so in any case um we'll go through these trades let's start with the watch list so this morning leading gapper tt well this one i wasn't looking at leading gap or ttnp gapping up 67 uh 9 million share flow but 3.5 million shares of pre-market volume i expected it would be choppy and crowded same as codx was earlier in the week sometimes the the stock that's gapping up the most but with this much volume the move has already happened and so you're just getting it at the very top and then it rolls over so i didn't really want to get in at the very top tmsr was our second lead second leading gapper of 49 i mean you know honestly i had i i didn't think it would i i sort of wrote it off i sort of was like i don't know um there's no news on it and you know yes it was strong yesterday yes it has a lot of room on the daily chart and there it goes up to nine dollars uh or just about but you know i'm not sure all-time highs on it are 10.32 i'm looking at it here 888 on the ask super strong up 250 percent now but pre-market i just wasn't sure there wasn't a lot of volume and so i i basically was like i don't know not interested next so we skipped over it tblt this one i was watching uh it was nice pre-market had this nice pre-market consolidation i was watching it over 332. i almost jumped into it and then it ended up fading and so no trades on it so that was for the best this one cuo is too expensive apvo didn't have enough volume only 25 shares this is too expensive this one not enough volume too expensive uh floats too high this one adil uh news that the the ceo is going to be on fox news and cbs today talking about uh the drug that they've i guess created that's for alcohol and opiate addictions uh but that one it gave a little bit of an opportunity here on this 15 minute opening range breakout that's what this setup would be called uh but it didn't end up uh really holding all that well 905 9 by 9 15 9 20. fomo's going to get to me just a little bit on this one um i'll show you my trades on it so uh anyways my very first trade today was on sxtc uh this one i was watching for a break over um this pre-market or this little one-minute micro pullback which was right here this was a one minute micro pullback the high was nine was um 757 and it pulled back and is it squeezed up on this one i'll switch my time frame i got in it at 748 but only filled small size i added at 761 781 and 787 and it hit a high of 8.10 but it wasn't really able to sustain that move and it came back down and i sold it in this area for only 508 dollars of profit i kept trying to sell on the ask to try to get out above eight but i just couldn't get filled every time i put the order i had to cancel it cancel it cancel it finally sold some at 98 sold some more 86 76 and 70. so i was actually up about a thousand dollars on it and then gave back that profit so that was um sxtc 500 in the green at that point i was like well i don't know i'm not sure not seeing much moving and then i had tmsr um on watch um because i had noticed earlier in the day um you know kind of popped up to 350 and pulled back and i was like all right well you know someone had mentioned it in the room i was like yeah i guess it's one to keep an eye on and it first hit the scanner right here at three dollars and fifty cents and when it hit the scanner i looked at it i pulled up the chart i looked at it and i was like this is a opening range breakout if it breaks over 350 first target is four dollars right here so i looked at that and was pretty much like this looks great so as soon as i saw it hit the scanner i pulled it up had to act quickly and i press shift one shift one to buy and i got filled 3000 shares at 350. i tried to buy another 3000 at 350. my order didn't fill it was already moving without me so i said i'm not going to miss this this thing looks really good i'm going to go ahead and add a 367. now is it squeezing up i'm adding i added again at 375. both of these orders were for 3 000 shares but i was getting partial fills it wasn't moving as much as i thought it would and then i added 391 and i added four dollars so now at this point because it just squeezed from 350 to 4 my target is 450 maybe 5. i'm thinking wow this thing is a lot stronger than i thought it would be it's really taking off yesterday was kind of the beginning of the reversal and you know with it up 40 plus percent pre-market and continuing i'm going to try to ride this momentum so now i've got 10 000 shares at an average price of 375. it's halted for uh five minutes on a circuit breaker hull it resumes and squeezes up to 492. and i was just i almost i think i was actually caught off guard on the resumption i was talking about what my plans were coming out of this halt i said that if it opens lower then you know i would add going up if it opens higher i'd probably be adding around 450 you know maybe for a move to five dollars and all of a sudden it opens and so i added at oh i that's right i put an order to add at five at four i guess ten and it filled on resumption so i got filled at 410 and then i added 450 488 and 491 so i'm like this thing is super strong i'm just gonna be aggressive now i'm i've got obviously zero cushion on the month of february but i'm up as of you know well as of this morning i was up 55 000 on the month or around the year so i was feeling pretty confident and this is the type of stock that for me you know is a home is going to be a home run trade i mean i just knew it so i was like i'm already in this with 10 000 shares at 75. i'm just going to go ahead and be aggressive and add it looks like it's going to go into a second halt so i added going into a second halt but because so many of my orders were partial fills i didn't actually know how many shares i had so then i see it's getting halted and i look over and i've got like i don't know 17 000 shares i mean i've got a really big position and i was like you know what maybe i should lighten up a little bit i'm in this actually pretty pretty deep a little deeper than i thought sxtc this one i traded earlier in the week and just to flip back on this um one minute chart let me just go back a couple days um this one did something similar where it gave us two halts in a row um that was on was it this day here where was this um this is on the 30th the 30th um now i can't remember where this was um so this was 5 10 maybe i'm thinking of a different stock um this was halted at 581 and then squeezed up here yeah now i'm actually a little bit confused i thought i was thinking of this one but um this halted and then it went really strong there was a stock i don't know when it was maybe it was a couple days ago or last week but it um got did first halt went into the second halt came out of the second hall and then got halted going back down and if i had been in that with 17 000 shares or whatever this was i don't think i would i don't know if i would have been able to get filled and then of course when they halt going down they open lower so i sort of all of a sudden have this little fear of it's beginning of the month i think i got a little too aggressive on this i gotta lighten up so i go ahead and sell um a good portion of my position i hit the bid and sell it at 92 92 and 92 and then i'm holding through the second halt and i go ahead and add as it comes out now i'm back down to small size it comes back out and i get back in it's showing strength that's what i want to see so i'm back in at 484 i added 42 529 540. uh sell at 550. it's got a little resistance here on the one minute chart right around 550. a lot of sellers stacked up on the ask at 50 and it felt like it wasn't going to really break that level and then it does and so i add 50 at 73 i added six dollars i added 625 624 and i sold at the high my best exit was at 828. so you know hindsight being 2020 you know i i could have done a lot better on this but um looks like the hot the high here was 492 it went up to 520 and then it dropped down to 420 so that was kind of moment of truth and then it popped back up but it was grinding grinding grinding and then it opened up and i wasn't as aggressive getting back in here um because this period of grinding had made me a little nervous so i could have done better on this if i'd been more aggressive at six on this move to six to seven uh i don't know why i wasn't as aggressive i just got a little nervous on it and so hindsight's 20 20. um i was saying to michelle who traded it today she made 500 bucks but she wasn't happy with the way she traded it and i said you know what i'm up 18 000 i'm not really happy with the way i traded it either i should have made a lot more on it you know the fact that it was up 200 it's up you know now 233 the fact that it broke out here from 550 and went all the way up to eight and on this leg of the move you know i only added an extra like three or four thousand dollars i could have done so much better on it if i'd been willing to be a little more aggressive and you know i just wasn't now i also looked for opportunities to short it scalps to the short side i can't trade it with real money but you know i like to practice trading these so i was trading it in the sim on the short side i shorted it right here actually i shorted it at 469 470 but then ended up covering that for a loss as it came back up so i lost 1800 on my first short and then on my second short i shorted up here at um let's see i think it was 7.75 um yeah 770 770 and 765 um no 785 772 and 773 so that ended up being um you know a pretty good short here at 775 and then i covered it as it came back down here right around seven dollars so you know about 75 cents to the short side but this thing had a lot more opportunity to the long side um i wish i had shares available to borrow it might have been nice to be able to make some of that with real money but you know it's it's good to practice and on the times where i do have shares available i'll be able to make a little extra you know on that um on that side you know the reality is these stocks have a lot of range both um you know to the upside and downside clearly in this case the upside is dominating um this was a very early short and then this was a good one it formed a five-minute pullback a flag pattern and then we broke that flag pattern which you know i decided not to trade because at that point i didn't want to overstay my welcome and push my luck but yeah nice opportunity there um over 750 for a move up to um nine dollars so you know regardless of where you are on the spectrum a total beginner or a really advanced trader you've been doing it for a long time there's always room for improvement um you know i mean it's um you're never gonna get the top in the bottom of every move but you do the best you can given the information you have at that moment and sometimes the right decision is just to take your 10 15 20 cents a profit sometimes the right decision is to be a little more aggressive and you know it's it's a learning experience and intuition is a big part of it that comes with experience uh i'm i'm happy and grateful to be green on the day i'm really really happy that about 85 percent of you who traded this are also green today um there were some really good opportunities on it so good job give yourselves a pat on the back if you came out on the red side of this trade you didn't have a good entry you chased it you sold you know on the pullbacks or whatever the case is go back review your entries ask yourself you know what where you went wrong and how you can do better on the next one because remember just earlier this week we had sxtc i made 11 000 on this one it was a great day you know 10 000 a day um i had a loss but it was green on this stock and i wasn't as happy with how i traded it i knew i could have done better now this one also did kind of an abcd setup and um i actually i i'm pretty sure i did trade this leg of it but in any case um you know i told myself do better on the next one and then tmsrs come along and i did better i made more on this one but i think i could have done even better so the next one that comes along maybe it's monday tuesday sometime next week i'm going to try to do a little bit better and that's going to mean you know positioning myself where i can hold it longer because obviously when i buy going into the halt and then i'm like wait a second i'm i'm in this like way too high and get nervous and i get scared and i jump back out i'm not position i'm not in a position of real strength because i'm you know i'm in it so high literally at high of day so you know positioning myself with better entries waiting for pullbacks not giving in to fomo i gave into fomo a little on this kind of chasing it as it went up and you know that put me in a bit of a position where i had to be a little aggressive about getting out quick and taking the profits because i was in so high and then on this one you know i just got a little scared and then i missed a great opportunity i could have traded it with small size i didn't have to trade it with 10 000 or 15 000 shares but i should have pulled the trigger on it so i want to try to do better on the next one and you know keep improving as a trader but you know what i just got myself almost halfway to my february forty thousand dollar goal and it's february first so i'm gonna give myself a pat on the back be grateful for the opportunity that we saw today and try to have another good day on monday all right so that's it for me uh those you guys are gonna keep trading we might get some sympathy momentum imte very very uh tough for me with this price um being above ten dollars now uh i'm gonna leave that one alone i'm i'm gonna take the money and be done uh but i'll be back at it first thing on monday morning and um you know look for that momentum and try to be you know on the early side as soon as i see something get the scanners i want to jump in it i want to be you know riding the first leg rather than you know being behind the ball and chasing it so anyways that's it for me uh those you guys watching on youtube facebook feel free to um you know post questions comments let me know how you did down below and i'll see you guys um first thing on monday all right bye everyone if you're still watching you must have really enjoyed that video so why not subscribe and get email alerts anytime i upload new content remember when you subscribe you become a member of the warrior trading family