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Warrior Trading Blog

+$7.5K While on Vacation! | Ross’ Trade Recap

Ross_7.2

What’s up everyone? All right, so I’m finishing the day here up over $7,000. This is the incredible thing about day trading. You can literally do it from anywhere in the world as long as you got an internet connection and from your phone, most of you do. Some of you are watching this right now from your phone and you could trade from your phone. I don’t trade from my phone, I trade from my laptop. But the reality is from the laptop, from the iPhone, you can trade anywhere in the world as long as you’ve got a good signal. Today, made it happen, $7,000 of profit. I’m going to try to do it again tomorrow. This is a short week. Monday, Tuesday, Wednesday, market’s closed Thursday. Friday, probably a lot traders aren’t going to be there. So we got to make the most of this short week and I’m going to be back at it first thing tomorrow morning, try and have another green day.

What’s up everyone? All right. So here we are finishing up my seventh trading day in Italy, up $7,571.72. Finally, a big green day. I can feel pretty darn good about that. Second green day in a row. Was red on Friday, not by a lot but I was red on Friday. Then green yesterday and a nice big green day today. In fact, $7,500 of profit, that is more than 25% of the annual household income of a average Italian, average household income is $25,000 US per year. So let’s take this recap outside and enjoy the scenery. I traded indoors today. This is my traveling trading station. Not only is it traveling, it’s also completely portable, easily so. It’s nice out, 90 at least in the 90s. So a little hazy today.

Boy, it’s a beautiful day. Another solid day in the market. I am just so happy that we finally got some good momentum. Yesterday was decent. Today, things really picked up. We got a couple of really big moves. BPTH ended up being the biggest one. Total surprise. It was not a stock that was on my watch list, but what it had going for it was breaking news. So we got breaking news on BPTH and that sent the stock on a little bit of a squeeze from 14.50 up to a high of just about $16.50. Really pretty impressive to see that type of action. That’s a full $2 per share. So something like that I can definitely make some money on. I made $4,485 on a BPTH. I was not as aggressive on it as I could have been because the price is a little bit higher so the risk is a little bit greater.

A little hard to see the reflection on my screen with the sunlight, but for those of you guys on Facebook live, BPTH, 4,400. RBZ, 1,500, MDJH, 1,500. So the daily total, let’s see if we can get that into focus. $7,571.72, not bad at all. So let’s kind of go over the trades from this morning. So first stock of the day was RBZ. RBZ was gapping up this morning. It gapped up, let’s see, 17%. So I’ll sort this by leading gappers. RBZ gapping up 17%. I took three trades on it, had two winners and one loser. The pre-market high was 4.55 and so I was watching for a break over the half dollar. As soon as the bell rang, I jumped in. I thought it was going to break over the half dollar. So I was pretty quick to jump in. I bought 9,000 shares at 9.41 and added at 9.44 and then when it didn’t break over the half dollar, it had resistance there, I sold at 47, 43, 43 and 39. So I only made about $100 on the first trade with 9,000 shares, which was kind of disappointing. Not really what I was going for.

My next trade on it. I got back in at 43, 45 and 47 again with 9,000 shares, three orders of 3,000 shares. That’s the way I always execute my orders. I have 3,000 share blocks. I do that for a couple of different reasons. Reason number one, if I get a partial fill on the first order, then I can switch and press shift one without having to cancel orders. Now if I just go right in with 9,000 shares, I might not even have enough buying power to place a second 9,000 share order and I might do it so quickly that my other order’s still open, which means potentially I could end up getting 18,000 shares if I’m not quick. MDJH I actually see squeezing back up a little bit, 4.65 is the spot I’d really be into and interested. I don’t know if it’s going to have the potential to do it, but I’d have an order at 4.51 just in case.

So anyways, so back to RBZ. So I jump in this and on the second trade I ended up stopping out at 4.40 and 4.40 and 4.35. So I got right back out, lost about 700. so I was up 100, down 600 and was red on the day. Then I got back in for the third trade and the third trade was the one that worked. In this one, I was more confident. I bought 12,000 shares and that was right here on this red to green move as it broke over 49. It snapped up and hit a high of 4.79. So a solid 30 cent breakout. Now with 12,000 shares, 30 cents is a $3,600. I sold as it was squeezing up, sold half, sold half. That’s the smart thing to do, especially when you’ve got big size on a breakout because when you buy a breakout set up, you’ve got the most risk. If it doesn’t work right away, you’re going to stop out.

So I got in for the breakout, it worked. Sold half, sold half, took some profit out. It ended up going higher than I thought it would, but that’s fine. At the same time, within five minutes it was back at 4.30. So you can’t always time the exact top and bottom of a breakout. You try to get green and stay green and that one ended up working. So RBZ, a nice little scalp trade there. Fortunate that that one did break out as I thought it would there. That was it for me. So on RBZ, that got me from down 600 to up 1,500. So made about $2,100 on that trade with 12,000 shares, not bad.

Next trade, BPTH. So BPTH, US PTO. Listing today of, let’s see what is it, it’s 9:53 AM. They received a patent and sometimes patent news can trigger a breakout, sometimes it doesn’t. On this one, it triggered a breakout where the stock squeezed from 13.65 up to a high of 16.49. So a $3 per share breakout. I jumped in as it was squeezing up. It pulled back here at 14.50 for a second. I could’ve punched it at 14.50 but I was like, “Oh, I don’t know. I want to see confirmation.” I saw it starting to squeeze up 14.50, 70, 80, 90 and that’s where I punched it. It squeezed up to 15.48. Halted on a circuit breaker for five minutes. It resumes, opens a little higher, squeezes up to 16.49. Sold half, sold another half.

It did a little micro pull back here from 16 back up to 16.36. It then has faded off that level. So $1,500, sorry on that one $4,400. That was a nice trade. That was the biggest trade of the day. Of course, being in from 14, 14.80, down here right around that point, up to a high of 16. That’s a full dollar per share. So I only had about 4,200 shares. I got partial fills, but that gave me a dollar per share and a little over $4,000 of profit.

Then the last one was MDJH, a stock that I wasn’t familiar with, but they hit the scanner at $3.49, 1.4 million share float, moving higher. So I type in the symbol quickly, MDJH. I see that there was news today of a earlier announcement of renewal of a primary real estate agency services contract, so I saw that and I was like, “Okay, this thing is moving and it has a catalyst.” That’s what I wanted to see and I jumped on it. I got partial fills on this one as well. It squeezed up, resumed from the hall, hit a high of 4.65. Pulled back. Has now come back up to 4.60 but this kind of looks like it’s double tapping. Double tapping is when you hit the same price twice, which can be a resistance level, so I’m not going to go back into it. If it ends up squeezing a five or six, that’d be awesome. 5.05 was a daily kind of breakout spot I was looking at.

But for right now I’m just going to close it up, a solid green day and live to trade another day. I’ll be back at it first thing tomorrow morning. Hopefully we have another really solid day of momentum. We start to see more and more follow through. If we do, I’m going to be increasing my share size and trying to capitalize as much as I can on the opportunity of the next hot streak. So that’s the way it is for me. I know in a matter of one or two days, I can make 30, $40,000 if we see strong momentum. Now I got to make, let’s see, my goal was to make $25,000 by the end of this trip. So I still have a ways to go, but with momentum picking up, it just might happen. So we’ll see what’s in store. But in any case, a good day today and happy to see momentum back in the market.

So I’ll see you guys all first thing tomorrow morning, 9:15 Eastern Time, 3:15 local time for me. All right. See you guys tomorrow. Bye. If you’re still watching, you must’ve really enjoyed that video. So why not subscribe and get email alerts anytime I upload new content? I remember when you subscribe, you become a member of the Warrior Trading family.