What’s up, everyone? All right. So welcome back from the long Labor Day weekend. I hope you guys really enjoyed it. I got a little rest, and hopefully, you guys did too. So here we are, first trading day of September. One trade, one winner, $2,700 of profit. A little bit more than the daily goal, and that’s a great way to start the new month.

Now, if we look back at my calendar for the month of August, my first day was only $47 of profit. Then, the next day, which was Friday, August 2nd, I didn’t take any trades because nothing looked good. I didn’t trade again, well, Monday the 5th. Then, we had the 6th, a red day, 7th, a red day, and the 8th, a red day. So it was a terrible start to the month.

So just starting here with a green day starts to build a little bit of a cushion. You know, it’s not a big cushion. I’ve still got to be careful tomorrow and also be mindful that today, we didn’t see the level of follow-through I would like. During the recap, we’ll talk about ELTK, which I traded this morning and then, during the recap, squeezed up and got halted on a circuit breaker at $7. And then resumed the low at 6.60 and ended up fading. But we were watching it live, and we kind of broke it down. So enjoy that during the recap and as always, questions, comments, leave them below. Today, we have extended our Labor Day sales. They expired at midnight. We pushed that back to midnight tonight. So jump over to the website, use the coupon code, Labor Day, to save 30% storewide at Warrior Trading. All right, see you guys in the chat room.

All right, everyone. So I’m going to finish the first trading day of September up $2,779 and… $78.99. So not a bad start to the month. One trade, one winner, and just a little over the $2,000 daily goal. Today is the 165th trading day of 2019, so we, well, certainly coming to the last, well, last push, the last four months. I hope that we see some really good opportunities here as we close up 2019, especially in November and December. But starting the first day of the month with the green trade is always nice. It doesn’t always happen. I’m sure some of you guys who traded today, whether it’s real money or in the sim, may not be in the green. I started August in the red, so I certainly know both sides of the coin. I’ve been in both places and I think for me, today, I set a little bit of different a goal.

So let’s kind of go through how today unfolded. All right. I hope you guys all enjoyed the weekend and got some rest. Those of you guys who took us up on our Labor Day sales, I’m glad that you did that. I’m going to pause this here or mute it, at least. I’ll just go like that. Alright, so leading gapper this morning was CDTX. Now, this one, I really wasn’t particularly interested in. It’s a stock that I have traded in the past, quite a while ago at this point. It really hasn’t been a very interesting stock in quite a while. So with it gapping up today 70%, I was impressed. That’s a huge gap. That’s a really big move. And yet, I didn’t really think I had a lot more in it. So we had the high here of 3.18 pre-market. By the time the bell was about to ring, it had broken below 3.00, below the VWAP, the volume weighted average price, and then it curled back up.

So we opened today at $3. It immediately surged up. It hit a high of 3.08, dipped down, surged back up to 3.09, dipped down, came back up to 3.05, and then sold off from there. I didn’t take any trades on it. So this stock, it meets my criteria for price, certainly meets the criteria for gap. It clearly has news. However, the floats 25 million shares, and I typically focus on under 10 because those are stocks that are more volatile during trading hours. The volume was already 2.15 million shares, which is a little high. I like