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A Strong But Cautious Start To The Second Quarter
Friday, April 17, 2020 - 2:03pm | 569After a bumpy first qurster to 2020, I’ve finally found some strong footing for my day trading in April. As of this writing, I’m coming off of 11 straight green days totaling about $30,000 in my main trading account. That also means, after some significant drawdowns, my trading account...
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An Unpredictable Market Demands Caution
Friday, April 3, 2020 - 1:58pm | 578I hope everyone’s had a good and, more importantly, safe week. It’s been a tough time, and we’re still in early innings. But if we stay safe, observe the social distancing guidelines and help one another as much as we can, we’ll see the other end of this. While the lockdown...
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Day Trading And The Pandemic
Friday, March 27, 2020 - 3:21pm | 504March has been a tough month, and it feels trite to dwell on how I did trading stocks. So I’m going to forego a wrapup of my week. If you are curious to see how I’ve been trading the market, you can still check out my daily recaps on the Warrior Trading YouTube Page. Instead, I want to...
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Trying New Things In A Trying Market Environment
Friday, March 20, 2020 - 11:32am | 506It’s been another wild week in the market, and trading log really shows it. I think this week might be one of my most heavy trading weeks ever. On Thursday alone I made nearly 400 trades in just a couple of hours. Of course, as is usually the case when you take that many positions, I don...
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Trade Or Wait: Different Approaches To A Bear Market
Friday, March 13, 2020 - 1:40pm | 474Another week, another interesting market to trade, although I have broken my losing streak with a string of respectable green days. While no home run days—although I did post one day of $10,000 net profit—the positive momentum has helped buoy my hopes for the rest of March even as the...
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How Not To Day Trade
Friday, March 6, 2020 - 1:44pm | 840There’s no point in trying to sugarcoat it, March has so far been a rough time across all of my trading accounts. As of this writing, I am coming off of my sixth consecutive red day, the total losses from which are closing in on -$45,000. Although not my worst red streak, I’m obviously...
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From Blue Chips To Penny Stock, The Market's Physics Have Changed
Friday, February 28, 2020 - 1:07pm | 517By now it should be clear that the market we traders find ourselves in at the moment is not a normal one. It’s a unique environment to be since the broad market rarely influences every corner of the equity universe, as it’s done this week thanks to fears surrounding the ongoing...
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The One Metric That Helps Me Find Stocks With The Greatest Potential
Friday, February 21, 2020 - 1:11pm | 620After crashing out of last week essentially flat, I was hopeful that I would run into some better opportunities coming out of the long President’s Day weekend. I’m happy to say the market mostly obliged, with Tuesday producing an 85% gap in Bellerophon Therapeutics, Inc. (NASDAQ: BLPH)...
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The Single Best Tool I Use To Avoid Overtrading
Friday, February 14, 2020 - 3:06pm | 682This week, I’m going to discuss what is likely the most common and pernicious aspects of being a day trader: overtrading. While trading too much might not seem like a problem at first blush, I often find if I trade more than five or six positions in a single morning, I'm probably not...
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The Best Way To Train Your Trading Muscles
Friday, February 7, 2020 - 3:05pm | 663February’s off to a great start across all of my accounts thanks to some crazy momentum in Myomo Inc. (NYSE: MYO) and Predictive Oncology Inc. (NASDAQ: POAI). Between those two stocks alone I was able to add $38,000 to my main account while my total for the first four days of the month is...
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Why January's Mixed Market Results Have Me Excited For February
Friday, January 31, 2020 - 3:02pm | 513It looks as though I’ll be wrapping up the last week of January with a mixed record. Although I’m leaving the month in the black overall, the last few days have been a mixed bag for my main trading account. Thanks to some minor technical snafus and a couple of unforced errors, I started...
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Why I Love Trading A Small Account, And Why You Should Too
Friday, January 24, 2020 - 1:04pm | 626January is turning out to be a bit of a roller-coaster market for my main account. After a couple of frustrating days last week, I was hopeful I could start this week off with some by-the-numbers trading setups straight off the screeners. Unfortunately, my first trade on Monday on a breakout in...
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FOMO And The Limits Of Control
Friday, January 17, 2020 - 1:24pm | 955After a couple months of really strong momentum in the market and stellar results across all of my trading accounts, this week has been the first in while to really test my discipline. Unfortunately, I failed that test and had to take a haircut as a result (figuratively and literally). But before I...
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January Small Account Challenge: Back In The US Of A
Friday, January 10, 2020 - 1:46pm | 563Well I finally closed the book on December’s small account challenge and, after spending a few days refocusing my attention on the main trading account, I came to a decision about The January Challenge. In brief, I decided to really put my money where my mouth is and trade exclusively with a...
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Riding December's Momentum Into 2020
Friday, January 3, 2020 - 4:15pm | 663Happy new year, traders! It’s hard for me to wrap my head around the fact that it’s 2020. I think that’s for a few reasons, not the least of which is that restarting my trading account over the past three months has almost felt like a whole new year for me. December’s small...