Ross loses -$25k day trading $MNPR 😪 then recovers on $IGC $BOXL finishing -$11k on the day

[Music] [Music] all right you guys so um we're gonna get started here and um we'll break down the watch list for this morning but before we do just to follow up on my swing trade so yesterday i got stopped out on my s p 500 swing trade i set a stop on it of uh 400 and the max profit on that swing trade was also 400 because it was a um a credit call spread and so i actually got stopped out uh while i was away from my computer like right here as the market was sort of spiked up through this level so i took a 345 dollar loss well you know by the end of the day when i was looking at it i was like oh my god i got stopped out right before the market rolled over so the only trade i'm still holding is is my etsy trade um which is kind of just flat so it's really a bummer when that happens but the fact is it you know in this case you could have said you know you should just obviously would have done better if i hadn't used a stop you know i wouldn't have stopped out i'd still be holding i'd be in a really good spot but my strategy and it's the same with day trading is to try to keep the losses as small as i can and so i'm using the one to one ratio if the max profit on the trade is only 400 bucks i don't want to lose 800 to make 400. so you know if i had been you know holding that and um you know hoping well um you know i could have gone down 800 900 a thousand and next thing i know at what point do i finally stop out so like i had to trade on apple if as you recall last week where i thought that it was going to break down right here so i took a short and i covered it for like 250 loss well good thing because if i held it through that whole big green candle it was a weekly expiration i would have taken a big loss on it same thing with facebook facebook a couple weeks ago whatever it was last week maybe i was short on like day two on this red day and it came back a little bit i covered it for 130 of profit but if i had held for the big win and not used to stop then on this day right here all of a sudden a huge loss so it's super annoying with day trading and swing trading to get stopped out only for the stock to end up doing almost exactly what you thought but on the other hand as long as you keep your losses really small even though your accuracy will go down a little bit from times that you had the right idea but the wrong timing your overall profitability i think will be better and i think that it's easier to achieve profitability and consistency if you keep the losses small because when you start having losses that get bigger and bigger and bigger and bigger and you know then or you're having to roll out the trade i mean it's fine it's okay it's part of a strategy but there could be instances where it just gets really bad and you'd think boy i would have been better if i just cut that loose a lot sooner so etsy's the only one i'm still holding so we'll check on that one later i might look for other trades but i'm not totally sure right now we've got tesla news here of a stock split to make the stock uh more affordable for um you know regular traders i guess so they're gonna do a um five to one split so let's see what the date is gonna be on that we know apple's doing a split as well i don't see a date oh um august 21st okay so yeah so i mean it's gonna drop it um down it's going to be a fifth of the current price and it's going to make it more affordable for people so it's it's a um it's an interesting one all right so leading gapper this morning from the day trade perspective is igc and before we get into um breaking down the watch list too much pre-trading routine did you eat well did you sleep well do you have a couple stocks on watch this morning that you like if you do what's the condition of the overall market well the market yesterday was a little slow and actually i was up only 12 000 on day trades monday i was up 90 000. so yesterday was a little bit slower you know the leading gappers failed we didn't have a really crazy big move and so it ended up being kind of a slow day so today as i sit down you know i'm kind of left with the thought of yesterday and wondering whether or not today is going to be slow and it really just takes you know one day for all of a sudden or one stock for all of a sudden the day to turn around but as i sit down right now looking at the leading gapper and well it's 93 cents as a 34 million share float so i don't like either of those things and i did see uh kate what was it klb why no what was that what was the stock yesterday um there was a stock yesterday that um i did make a big move kelly b um there we go so yeah i mean from 20 to 80 bucks but again you know on super light volume less than half a million shares in total kind of like bfra from last week um you know it's and actually bfra also made a move yesterday and yesterday's volume was 1.5 i don't know i mean it's these ones are a little tough for me because i i mean on the one hand if you could get in one of those you could really do super well but the time you have to get in is pretty early otherwise you're chasing it and this had 1.5 million shares of volume by the end of the day at the beginning of the move it might have been only 25 30 000 shares of volume how do you know that that one's gonna make the move i mean i i don't know i mean maybe at some point you just kind of have to if you have the risk tolerance take a stab and see what happens but it's it's a little bit tricky so um we had one yesterday well ytn and there there was another one that sort of had this look um but then ended up failing so i don't really know the rhyme or reason how or why these happen so anyways i missed that one and and maybe those will give us opportunities today they're not otc stocks you know they're regular um i think nasdaq listed so kelly b 50 bucks i'm talking about it's expensive also so maybe if we see something like that pop up and it starts to look good uh maybe there'll be something there okay so uh second leading gapper is voxel now bo excel's a stock that i've traded a number of times before so let's back this up for a second all right so this is a stock that has a history of popping up as you can see right back here in july from a dollar to five bucks we go back a few more um you know another year whatever you had this recent ipo breakout from 4 to 16. but it hasn't been able to retest those highs since then so you know it's got a little history of popping up but then not holding the levels super well i think they've done some offerings and raised some money the float is now 23 million shares so the float's been you know moving up uh the pre-market high on this is 288 and although it is you know probably a gapper that a lot of people will be watching it's also one that i would say has a little bit of a history of although making big moves also failing oh i don't know why i'm yawning so much i i don't think i started my caffeine intake soon enough so all right the pre market so the high of the last five minute candle right now is uh 283 so that's this candle here um the pre-market high is 288 all right so 288 three dollars so if we break that level you know maybe there'll be something there but um i'll keep an eye on it as we get a little closer to the bell we still have 20 minutes 23 minutes to the bell so the high of that little kind of pop was 79. we've got almost 12 million shares of volume 34 gap but yeah 34 is not the biggest gap on the daily chart what levels are we running into so i'm going to switch this to the daily make it bigger 240 to 276 then 305 then 33 then up to 410 then up to 465. so switch back to the five and now those levels are marked out so we're in between this level right here with room up to 305. the low back there was 67 so 67 is really a as it's double bottoming here the volume weight average price the low is 68. let's see the high the last one minute candle is 72. that there it's popping up a little bit you can see some big sellers stacked up this is one you could probably jump into with 20 30 40 000 shares just like that with almost no slippage there's a 30 000 share seller on the ask if i want to buy 30 000 shares right now boom i could do it with no slippage so on the one hand that's good to be able to size up but it also speaks to how thickly traded it is how many sellers you'll probably have and um i don't know if it's going to be a good one all right so yeah so that one box elsa maybe igc we talked about too cheap floats too high cbmg so cbmg has an 11 million share float it has entered a definitive merger agreement and they're going private so that's not going to be something i would trade s umr is trading on only 1100 shares of volume it's up 27 there is news on it but not a lot of volume yet so for right now i'll leave that one alone next one down i g ig which is one that we've traded before had a gap up to eight and has sold off all the way back down to five so it's possible that that one could bounce off the low and squeeze up towards the volume weight average price sometimes we see that but that's not my absolute favorite setup so ig bounce off the low as a maybe achv yeah i don't see a lot on that right now there's no news it's popping up a little bit but i don't see a setup there am tx continuation in a way pre-market high is like 350. maybe voxel breaking that level there down to 67. so sometimes i would watch this and i would say well if there's a big buyer down here i could take a starter i'll just watch it for a second you see 65 on the bed 66 on the ask but it's holding 65. i'll take a starter there at 66. so i'm taking a starter at 66 because it broke the volume weight average price and then curled back up and then the first five minute candle to make a new high is going to be over 79 so i'm going to put my order at 80 and i'll look to add in the 70s as it starts to curl back up so i'm looking for the first five minute candle to make a new high which is 79. so watching over 73.74 there's 72 still holding full size looking for this to curl back up over 80. so we've got 70 by 71 72 on the ask so we're now back above the volume weight average price which is good you can see how the one minute's curling back up so we broke that support level but then we reclaimed it so i'm still holding a full size on this and i'm putting my order at 280 to add because what i'm looking at is a possible first five minute candle to make a new high and then maybe a re-test at the pre-market highs because that would be a five-minute bull flag we still have two minutes left on this minute candle orders at 280. i'm taking my profit off at 69. so only made three cents from 66 to 69. you know i mean it's it's solid that's all it could do 13 million shares of volume gave it a second but it didn't it just stalled out there so now if it breaks this 63 level that's just gonna pull back more so it's still a three cent winner three cents per share but it's nothing to be super excited about so the way it looks right now um this had the opportunity to be a first five-minute kill to make a new high like it did here had it broken over 79 right there but couldn't do it okay so continuing down so we looked at ig which i said maybe a bounce off the low but i don't know next one down amtx i'll put an order at 350 so it's ready not sure about that one s-u-m-r yeah tiny bit more volume but still very light on volume you know you never know i mean we've obviously had some um like i don't know um kelly b and brfa that have made big moves but anyways um mnpr just jumping down a couple i'm skipping over these higher float ones p e i x i'll just check it for a second p e i x 450 is a spot that would need to break as it curls back up cnr mnpr so mnpr is a pre-market high of 10. high from a couple days ago was 9.48 you can see that it definitely has a history of popping up and dropping but if you go back a little further it also has a history of this big big green day so if it could get above that level there of 9 30 9 48 and then it could get above this level here of 1268 then you're starting to get into where you had a bigger move from early 2000 december 2019 the total volume is very light so again light volume you know creates a little bit more risk next one down drio nothing really there and then a bunch of low volume stocks so we've got 12 13 minutes to the bell uh from a day trade perspective you know bo xl i've already got one trade on it that's a possibility to keep an eye on so i'll put the let's see box l here i'll have ig on that chart i'll have amtx on that chart and mnrp or mnpr over there just as it may be sumrs maybe i mean again these are kind of like stretches but you never know i mean if the stocks end up starting to squeeze up obviously we've seen some big moves on some of the others with light volume it just is managing risk and sizing accordingly so i put these little mark i had a suggestion of making these two little charts on the top the data box here is always fixed to the last five minute candle so it let me kind of quickly look and see what was the high the last one minute or five minute candle so it's directly above the five minute chart here and the one minute chart here so that could be helpful um it takes up a little bit of real estate but there have been times where you know i was running my mouse up here to check the high and then coming back here and by the time i did i missed a trade so i'll give it a shot if i like it i'll save the layout and make it available for you guys you know it's a it's a maybe um and we'll just we'll see mnrp right now has a 10 by 1038 spread 988 by 9 38 so for a second there it was 10 by 12. so talk about big spread but you know you've got 23 000 shares of volume it's very very light it's also easy to borrow so you know people might be aggressive shorting it if it pops up so just be very careful on that one i am going to be sitting on the sidelines until there's more volume and you know i i've missed some of these ones um that have had like volume and they you know sometimes feel like oh man but it's just if i want to take i mean it's just sizing down but if i want i've been taking five to fifteen thousand shares and i don't think i would if i tried to do that on this stock i would get so much slippage that i mean i could get four thousand dollars just in slippage you know that's gonna really screw up my my risk to reward ratio so i don't know um except to be be careful on that but again you know if we end up seeing it make a move then maybe i'll develop for something so bo xl yep reclaiming the volume weighted average price as you can see there so you know but again pre-market high is 288 so i guess a question on bo excel would be you know at the open do we see it um you know does it rip what are the halt levels because if the halt level is somewhat close by it's possible we could see it squeeze into a halt and then you know that if it halts and opens higher that that would work but uh so are you guys seeing anything that i'm missing yrcw i don't know about that one i see it moving up a little bit roku is going to be too expensive for day trades p e i x we looked at and i i wasn't really that into it yrcw floats 30 million shares vxrt seven minutes to the bell tesla yeah so reverse a traditional split on tesla five to one split so that's going to be um that's going to be later this month bring the price back down apple is doing a split as well so those are um some news there phil thinks bo xl is the one well it's it's fairly i mean it's only up 30 so i suppose that by itself is an indication look our biggest gap today is only 56 percent you know we've seen 100 gappers i think every single day you know for weeks but today you know this is the the biggest gap or 50 58 so box sells up 30 percent you know typically i i would just sort of ignore this one because i would say ah it's only 30 it's a stock that kind of has a history of being very thickly traded and selling off i think there's going to be a lot of short interest in it i think people are going to try short it for a move back down like a dollar 48 the 200 moving average granted you do have the news headline with samsung you're right that's a it's a good headlines a good catalyst you know so is there something there i mean there maybe there is maybe today's the day it surprises us i don't know so bo xl is a maybe and i would say on this one so back up here 68 kind of re attempting to break the view app the volume weight average price it would need to get above i'd maybe put my order at like 75. mn pr is up now 47 so that one's moving a bit higher i'll pull that up in a second um but i'm just going to watch this for a moment so the high there on bo xl was 70 270 you know it just wouldn't surprise me on mnpr if people are going to be shorting it up here because look it's now you've got 10 cent spread so you could take a short at 30. it's easy to borrow and it's up 52 you know this is where because yesterday the leading gappers failed and they failed as soon as the bell ring i'm concerned that when the bell rings it might you know flush and so if i'm wrong and it squeezes then you know okay i'll i'll look at it from that perspective but let's see so bo xl uh that little pivot was at 70 but now it's again coming back down to the low so it's it's pulling it's pulling back again mnpr so 1268 is the daily level right there that i had mentioned it's a 1250 right now 126 000 shares of volume and it just seems like it's squeezing so this is one that's kind of frustrating because it feels like well it's just going without me so you know where's the where's the spot to be a buyer the highest 13 20. you can move an order up to 13.50 if it keeps ripping it's only 163 000 shares of volume but it did break that 1268 daily level and it's clearly it's clearly moving quickly up 82 percent so this one with three minutes to the bell is becoming i would say the obvious the obvious stock the high is 13.50 so there's 75 13.75 we'll put an order of 14. there's 13 45 60 75 wow 83 game so yeah i don't know um move that up there like that above 1268 it's got room up to 15. high is 13.70 90 seconds to the bell i'm going to take a starter here long for the break of 14. it's light on volume but it feels like it wants to rip so i'm going to add over 14 for a squeeze up to 15 and 16. watching here over 14 i mean we're just seeing this is clearly really strong we've got 86 gain on the day so i'm watching here for an ad over uh fourteen dollars and then the back of mine target is a squeeze to fifteen this right here is a little pullback right underneath fif14 so what i want to do is add in the 80s and 90s watching adding there for the breakthrough 14. so i'm trying to get that quick snap and a squeeze up to like 14.50 you can see it's churning a little bit it hit a high of like 14.05 one of the problems with lighter volume stocks is just the challenge of being able to get in and out quickly and easily you've got almost half a million shares of volume here so watching and adding right there for the break of 14 halt levels 1484. i'm going to try to be aggressive on this uh as it breaks over the pre-market high of 1409 so i'm holding right now on this dip and i'm going to look to add as long as it holds this level halt level going down is at 12. watching i'm adding there at 12 15 trying to buy this dip for a squeeze back up to 13 and then over 14. so the idea here is to buy the dip and then catch that pot back up over 14.13 the whole dollar and then over 14. so we've got 42 on the ask there's i want to see 60 70. so you can see this one is just kind of nasty i'm going to put an order at 12 10 i might add on the resumption but still right now be a loss i'll see whether or not it comes back up to 14. so all of a sudden bell was ringing there so 931 right into the open box l is also failing so no no trade on vo excel just yet i didn't actually realize i was holding into the open i wasn't looking at the time so that was my mistake blxl the high there is 62 bfra 50 000 shares of volume it's very light volume igc i'm not really interested in that so the high embryo xl this last candle was 262. 261. i just don't know if it's even worth trying to do a trade on bo xl because it's below the volume weight average price you can see how there's a lot of sellers stacked there in the 60s pack b yeah i'm not sure about that one uh overall market bouncing up which is good bye bmra was on the watch or on the gap scan i guess i wasn't looking at it pre-market high is 9.70 fine mcrb from the other day look yeah so first daily to make a new high is is a setup that um you know some people would go for it's lighter on volume and a little higher priced so that creates a little bit more risk there we've got about um a minute to resumption on mnrp i'm gonna try to buy the dip on it even though i'm uh i'm red on it right now i still think that this is a little bit of an irrational sell-off from 1440 down to so i'll see if i can catch a pop on it back up off the lows the low is 1202 right now so i'll put my order at 12 10. bye and bfra yeah i can watch that on resumption as well the halt was 2140. so watching here for resumption adding at 1190 trying to buy that dip there for the pop back up over 12. i really don't want to have to stop out down here i'm looking for that first 1 minute candle to make a new high well i had to cut the loss you know it it is what it is so it's a 25 000 loss that's a big one i mean you know what can i say this is a this is a bad drop so my entry was like right here on this dip for the break of 14. and you know that just dropped from 14 down to 11. now the fact is it might end up doing a red to green and ripping back to 15 16 17 and i would feel like oh man i should have i should have held it but you know you got to draw the line in the sand somewhere so i drew the line in the sand on it and i'll i'll come back if it looks strong but right now it um you know it doesn't look it doesn't look that strong so you know easy come easy go you win some you lose some that's the way it is with day trading there's no question about it so at this point you know i'm below my my max loss i'm down on the day 24 000 so you know i really shouldn't uh probably shouldn't take any more trades but i'll see if anything else pops up and starts to look good i'm still up 350 000 on the month so you know i don't i don't really get that beaten up about it um and this i mean it's it's tough because it might curl here but right now it's just going lower so anyways um it's only eight minutes into the day too the resumption on [Music] bfra is going to be let's see it halted at 9 31 and 23 seconds resumption uh if it's a 10 minute long halt would be 9 41 and 23 seconds but it only has 51 000 shares of volume so it's very light volume uh mnrp was also light volume and it was very hard when i was trying to get out i was just getting slippage on the exit so yeah i don't know um like volume stocks they can sometimes be easy to get into and then hard to get out of huge seller on boxel at 60. hmm the spreads on bfra are almost guaranteed to be pretty outrageous i'm curious to see what it does and i think mnpr is a good example of you know sometimes missing a um missing a good opportunity like on that one 10 50 was a good opportunity and i didn't take it and then you know next thing you know you're you're chasing it you know you're getting in higher and it's like oh man now i've really screwed up so let's see what the spreads look like on bfra still no resumption so the 15 minute long haul i mean if i genuinely saw a good quality setup you know i i might take it even though i am below my max loss but i genuinely don't see anything that looks good the genuine is that when you're you know at max loss or you've had a really big loss it's easy for your judgment to be clouded and for you to say oh this looks like a good setup when it's actually not a good setup so you have to be very honest with yourself that when you're looking at something is this really a good setup or am i just grasping at straws because i don't want to be you know red i'm not really i mean i'm not happy about that loss but i'm also i i don't you know i've because of where i'm at it's just a matter of time that i would have a large loss and i've had a couple i had a 30 000 loss last week you know and i was i was up 160 on the day and then was up only 130 but i was still like yeah you know whatever it's i pushed my luck a little bit it happens came back the next day like no big deal triple u on the daily has resistance up around uh 410 so i'm not really sure if that's going to be something that i would want to go for down here i kind of prefer daily setups that have a lot more room to them and this one just i don't know if it really has it igc you know it's a cheap stock i just don't really like these cheaper ones uh flipping short you know i don't really like to flip-flop and of course on something like mnrp by the time you know i would have well by the time i exited i would have been chasing it short and then if it bounced then i lose on both sides that's not gonna work you know so that's the challenge there with flip-flopping that i think is not a great habit is that you can get yourself into a place where you you know you sort of just spiral um bye whoops ig crawling up a little bit mnpr is the one i meant um yeah ig i don't know um let's see all right so well what else do we have igc i just don't really have a lot of interest in that what time is it 9 45 finishing the opening range if there's nothing that's really strong it doesn't matter how much i'm up or down on the day there's just nothing there right bfra that was halted um you know this one keeps kind of doing i mean this these types of moves i i just don't know um because i haven't traded it yet i i don't know what the what it's like you know in terms of liquidity getting in getting out but uu fine uh it's a nice reversal on netflix i might look at a swing trade there on netflix let's see um so the low is 467. it's a double bottom at that level the 465 weekly calls have a delta of 19 18 465 calls the 460 are a little further down i'll take a starter on the 465 calls um sorry the 465 puts on netflix uh i'll just start with five contracts and then i'll look to add uh maybe a little closer to the volume weight average price because what i'm thinking on netflix is that we're double bottoming down here so as long as it holds the low then i'll set maybe a 800 stop on it and let that one work as a swing trade bye igc let me look at the hall levels on this high is 49 next halt would be over the half dollar yeah it's going into a halt right there so now when you're getting back to back halts that definitely that's some nice momentum to see so i'm setting my stop on netflix at 2 i'll put it at 270. be a 500 loss i'll put it at three dollars all right [Music] i sold the puts i sold puts so it's a cash secured put on netflix i could consider a similar trade on amazon but i'm not i'm not quite ready on that one so igc with two halts in a row and highest volume on that second resumption i'll watch it coming out of that next hall so i'll say igc and we'll see whether or not we get a squeeze up towards two dollars once they break a dollar 50 that's when i start thinking about um a bigger move bfra i agree that usually second day after kind of the first day is you know not exactly not the big day it's usually sort of first day and then anything on the second and third days is relatively smaller so bfra was halted at 39 31 and 23 seconds and still halted usually the longer halts are because the gap is going to be higher so it's a bigger imbalance in the orders and it could be people that are you know trying to buy going into the halt or have market orders that are trying to put out during the halt or something like that and so on resumption the market needs to try to match those orders so igc halted at 51.56 so resumption is going to be at 56.56 so in about a minute and a half almost two minutes away trvi had a big move yesterday but then pulled back it didn't hold that level one minute about one minute to resumption on igc remember that after multiple halts going up you can be at risk of a halt going down but on this one you know given that we're seeing this kind of big move it's a little more than i expected but you know again history of being a former runner as you can see here former momentum stock quite a bit of room back up right now towards 250. so i'll put an order on this at like a dollar 75 and i'll see whether or not we get a move coming out of this next halt bfra i see that resumption and halting again at 29.70 but that's only 94 000 shares of volume that's very difficult to trade so igc watching the halt was at 53. 30 million shares of volume i want to let it dip still no resumption so it looks like maybe a 10-minute long haul so over to bfra bfra uh was halted at 21 and is now 29 on 50 000 shares of volume so just like that you know up it goes if it broke yesterday's high and it broke the high of the day before 55 then i would start to think okay maybe this has maybe it's really worth looking at but hopefully by that time it'll have quite a bit more volume the volume on it is very light right now tesla is trying to reclaim the volume weight average price here this one um is red on the day versus the gap but if it can hold this level might make a move i g i see that so the high there was 58 view is at 62. hmm kelly b from yesterday um yeah it's trying to move up a little bit but again on you know it's halted now i guess but on very light volume that's only got 26 000 shares so these ones are you know these ones are hard mnpr is has given back almost the entire move from 14 down to 8. it's a really massive sell-off i can't really it seems down here like gosh i mean how much lower can it go but it's going lower so i was intending to trade mn uh pr pre-market i didn't realize how close we were to the bell and so i held into the bell uh inadvertently not that that's really the end of the world um by itself but it just happened that it didn't work out well so i was kind of thrown off a little bit but that's that's you know it happens igc yeah well about a minute into resumption you know the challenge is trying to find the obvious stock each day and at the time mnpr was the leading gapper bo excel had kind of fallen back down so i bet bfra though won't be a five minute long call it's probably going to be a long halt again so we've got about now a minute to resumption on igc and occasionally i will trade below view app um mn pr is below the view app right now and it is consolidating at the one the 200 moving average on the one minute it's not the most significant moving average but you know you could have a dip how many candles going down has this had two four five six it feels like it is a certain point due for a green candle so i don't think you've got the wrong idea to look for a bounce um you know but it's obviously shown a pretty high level of weakness so confirmation would probably have to come on the five minutes so let's look at igc igc resuming in about five seconds here so i'm going to put my order at 77. i'm taking a starter there at 66 and i'm going to add here into the next hall to d81 and i'm going to put my new order at two dollars for my next trade so putting an order at two bucks let's see for a squeeze up towards 245 which is the daily level so looks like this one maybe is squeezing out early short sellers right here in this first candle when it rejected a dollar i mean you know that there's short sellers out there that would hit this with 50 60 000 shares thinking all right this is gonna go back to what was it at the day before 60 cents gonna drop back to 60 cents before you know it so all of a sudden when these start to open up it can get pretty bad mnpr i'm taking a starter down here just a starter to see if this is the curl if it breaks over nine i'd add the reason is it's so beaten up i think it's due to bounce so let's see if we get a little short covering on this for a pop over nine dollars the first five minute candle to make a new high would be at nine ten so i'll just i'll move my order up to nine dollars and ten cents the low this pullback is is 39 so that's a respectable stop it's pretty close so i've got a good stop in the high there was 86 over 86 is the next level i'd watch i'm okay with this here because i have a starter so i'm just you know seeing if we if the tide starts to change because we have a five six dollar share drop when the tide does shift you'll get a nice move back up so looking for the break of 86 and then 96 and then a retest of nine dollars so 86 is an ad spot you see the one minute spacing out here high of that candle was 86 so look for the break of 86 and we'll see if it starts to curl back up towards nine first five-minute candle to make a new high here is actually 8.86 so first five-minute candle is a uh we've got two setups at the same time here we've got a one minute and a five minutes so now we have multi-time frame alignment to starting to indicate the bottom is coming in and we could get that reversal coming back up the volume weight average price is at 10 22 so that's a little ways out but just even a move up to 925 would be good watching and looking to add over 86 for the first five minute candle to make a new high it'll be the first five minute kill to make a new high all day long watching the ad orders it uh i'm just gonna put it at nine dollars so i can allow a little bit of slippage resumption on um igc will be in a couple minutes about um actually a minute from now mnpr looking for the break here over 80 and then the first five minute candle to make a new high over 86. and on igc i'm going to look to add on that for the breakthrough two dollars so stopped out of i of m pr at 55 and 60. the bottom of this pullback right here i could have kept my stop at 39 but 55 is a tighter stop so might as well keep it tight igc orders at two dollars netflix and tesla both looking good so watching igc on resumption for an ad for a squeeze up to two watching halt was 81. orders at two dollars so just giving it a second but it looks like it's going to be a five minute long haul or sorry ten minute long haul so again bfra uh my opinion on it is uh after such a big move going up i would wait i would you know ride the momentum who knows maybe it'll haul four or five times in a row the high back here yesterday was 41 that's the level that really needs to break igc looking on this for two 250 or maybe a little higher we'll see what it wants to do yeah good call mitchell he said he rode uh bfra for ten thousand dollars yesterday so resumption on igc should be 10 12 and 2 seconds bfra halt was 1007 and 34 seconds resumption if it's a five minute long haul it would be 10 12 and 34 seconds 15 000 share bid just so nice that's a big bid on a stock like this that's huge yeah bfra will probably be another 10 minute long haul if i had to guess igc about a minute away so again on this one looking for a test of two dollars maybe 245 that's the next daily line that i had mapped out then it's got room to 3 30. nice on ig good work break of v wap there into a halt high is six 612 625 very nice very nice 6 35 next halt level on ig is uh 658 648 650 on the ask nice nice very nice nice move so 650 is the spot to watch but i'm going to watch igc first and ig i'll watch and let it pull back so igc i have an order at two dollars to add and i want to see if we get multiple halts in a row and just try to ride the momentum as long as i can so watching resumption adding there for the break of two there's two dollars a little pullback taking some profit watching i'm in at 69. new orders at two dollars halt going down would be 80. selling before the halt going down 9 83 of profit on igc so i'll look for the next trade on that on a resumption a bounce off the low unfortunately even though it broke too and i did add i added at 99 and 98 it hit a high of 205 and then pulled back bfra only has 187 000 shares of volume is still halted so we've already got how many halts in a row on this one two three how many did it do yesterday in a row one two three four five six seven and then the first halt going down okay so that gives a little context well we'll see igc i'll look uh for bounces on it but you know the i don't usually i don't usually want to be holding into a hall going down in this context because when you have same with bfra you have a halt going down you get a it drops lower so igc you've got a halt going down it's going to open lower i mean if it opened at 1.80 and ripped over 1.90 i would probably add 25 000 shares right for that break just because that tells me this has a really good shot at ripping back up to 205 and if it does that it's trapping short sellers so you know anytime that happens that's that's a big deal but what usually happens is they halt going down people are aggressive to short into the first halt going down so probably people were aggressively shorting in the 90s it halts going down and now they're looking to cover down at like 150 the nine moving average right it bounces back up on short covering so you can get a bound sometimes into a halt going up on resumption uh and then it can consolidate for a little while until it either breaks back to the upside or fails that's what usually happens the fra would be a good example of that you can see how it halted came you know resumed down here down at 23 and then came all the way back up to almost 36 before eventually fading so bfra watching it's got one minute to resumption if it's a five minute haul nice steven good work good work that's awesome made some money on igc so you know today's a day where i've uh i haven't quite got the cut the loss in half but you know i'm digging my way a little out of the hole so it's good and again i really only want to trade what i would say is very high quality setup that i've got very high conviction in because i don't want to go further in the red igc resumption is about 30 seconds away bfra resumption is about 10 seconds away but that's only if it's 10 minute long haul so the halt was at 35.76 yesterday's high was 41. so if it breaks 41 then i would look at 55 so watching bfra watching there's 39 there's 40. there's 40 dollars and 50 cents 41.69 is the halt level there's 41.69 wow all right so now igc watching igc looks like it's a 10 minute long haul wow [Music] hmm so there's bfra you can see hitting the scanner the high of 41.69 wow all the way back through yesterday's high so if this holds these levels um you know then we'll see maybe there'll be um maybe there'll be an opportunity in here when the volume's a little higher for me to take a trade one of my etsy trades is getting kind of close to stopping me out i'm down um 300 on all those open trades and one of them has a stop about 200 away so i have to keep a little bit of an eye on that igc resumption in about two minutes so igc what i'll be looking at is to see where it starts to base out and then if i can get a little trade on a short covering so i'm gonna maybe put an order at a dollar 60 that would only be a 20 cent drop you know what i'm going to leave it at i'm going to put it at a dollar 80. if it opens flat that would be so bullish that i would buy immediately now i don't think it will but i want to keep my order there just in case it does because you know for all i know there's someone that has a hundred thousand share buy order out at a dollar eighty so let's just say it opens flat if it opens flat i'm gonna look to add for the break over two dollars that's on igc if it opens way low at like a dollar fifty or dollar forty i'm going to try to just jump right in for a bounce on short covering and look for the halt going back up okay so orders at 83 the only challenge is that sometimes these orders when you put them up too high won't execute but i'm just going to keep it at 8 at 83 because that if it opened high is the one that needs to fill on a dip if i don't fail i'm not going to be 2b enough all right so 4 seconds to resumption orders at 84. watching no fill adding at 65 trying to get a little short cover from 65 up to 70. holding 3 900 shares watching down here it's basing out relatively well watch over 70. adding there at 64. halt level going back up would be 82. i'm watching to do a dip down here i don't know that it actually halts i'm going to put an order at 52. see i i think this next one i'm gonna i have an order of 53 in case it does a false halt no it's a real haul so i think this will probably open flat and i think it'll probably come back up uh because it's kind of a week haul going down and yeah i kind of thought there was some buying there too it's right around the half dollar bfra dropped so on this one look for that gap down and then a bounce off the low so it's kind of a double top up here around 41.55 so possible bounce on the gap down but it'll probably be hard to time because it might end up being a long halt um igc resumption should be 10 28 and 52 seconds yeah generally logan yeah a lot of halts today so one minute to resumption volume weight average price is 27 i mean we could see a bounce off that level but i mean maybe maybe i don't think bfra is going to be a five minute long haul i mean it should have resumed right there if it was five it's not gonna be it's gonna be a long haul because of the gap down they almost always are so igc orders at 53 to add i'm trying to catch um a bounce perhaps off the whole dollar and the nine moving average on the five minute chart so halt going down is 47 if it opens flat that's where i'm going to look because i'm adding there 45 trying to catch the break back through the half dollar halt going up to 57 and i want to add into the hulk going up watching adding there 53 into the halt going up that's gonna be the first one minute candle to make a new high new order is going to be at 165. this is a short covering first 1 minute candle to make a new high 157 target here would be first 178 but this is going to take the form of the first five minute candle making a new high so first five minute kill i'm making a new high back over 178 i would look to add possibly over 178 for a squeeze up to two dollars or higher so i'm gonna put my order at 178 for right now to start and over uh 178 180 that's where i'm gonna start to get aggressive for the break of two now i'm not sure yet whether we'll get a break of two through the first five minute count to make a new high or whether or not uh that'll end up having to take the form of an abcd pattern but i'm liking the look of this so short covering and a halt going up that's what i was looking for and that's essentially what you can expect and what i would expect on bfra it's going to open lower and that's going to pop up the only problem is um you know how low does it open so 3297 is the volume weighted average price but you know this could end up opening i mean it could open at like 25 bucks i'm seeing 22 on the bid right now nice on tesla no trade on it just watching etsy coming off the low netflix yeah back at the view app where's that one at oh i'm down like 280 bucks on it that's all right i haven't hit my stop yet i want that one work so bfra resumption would be about two minutes away if it's a 10 minute long haul uh 178 on igc is a little arbitrary but it's the high of this candle here and i just kind of thought you know if we break that level then what's the next kind of level lined up and it's the high of this candle 205. so that's that's kind of what i was using there over 178. you know the first one-minute candle 178 by itself you know it was a night would be a nice trade right but given the momentum this one has had with the uh fda approval um for uh uh this cbd trial on alzheimer's um you know i mean it's got 30 40 42 million shares of volume it's up 147 i don't know i mean we'll see this might give a five minute setup and then a move back up over two so bfra resumption if it's a 10 minute long halt will be in about 20 seconds i'm seeing 22 on the bid i'm not bold enough to put out an order at 22 but uh i would say maybe you know we can watch to see where it starts to base out again you know yesterday when it finally resumed um it was a like 45 it was a 35 minute long halt before it resumed it bounced up then it opened lower flushed down and then it started to curl so you know my opinion is let's just let's just wait to this area you know trying to jump in right here means i have to stare at it for the next hour you know waiting to see when it resumes so igc this one most likely will be resuming first and the halt was 29-18 resumption will be 34-18 so it's in about 30 seconds my order is at 1.80 to look to add and you know this one i might take a few trades on through this area as long as it holds off the lows of this level here we're in a bull flag consolidation above the nine moving average so you know we might get a pop a pullback and then an abcd pattern or something like that but orders a dollar dollar eighty here the nice thing with this is that it's a lot of volume watching adding there 65 and now looking for the break on this letting it pull back this dip is an ad spot adding here at 57 now looking for the squeeze back over 65 and over 65 up into the 70s watch here over 65 so we've got 60 57 on the ask want to see it hold the half dollar orders at 65. halt level going down to 43. so right now this is a one minute pullback after the breakout but i got to cut it loose so i hit the bid i'm going to put a new order at a dollar 65 which is the high of that candle there so my ad at 65 didn't work but i at least was able to get profit from my first entry so i'll let it pull back here for a second again this could be the beginning of an abcd pattern the high is 66. i was really hoping to see a squeeze up to the 70s so new order i'm going to leave at 70 and i'm going to watch this through this area for the first uh one minute candle to make a new high as long as it bases out here halt levels at 71. so if we got that halt at 71 i think there's a good chance we would see a retest of the 80s maybe 90s high of the last one minute candle is 62. adding back at 55 just 10 000 shares to start waiting for the first one minute candle to make a new high adding a 60 right there for the first one minute candle to make a new high and over 65 66 is my next ad spot i'm trying to time the break over 66 the first five minute candle to make a new high is still a few minutes away right now we're just consolidating above a dollar fifty the half dollar and below the breakout spot which is a dollar sixty five sixty six so we're in range watching over 65 to add halt levels at 71 so i think if it breaks 65 then we're going to be pretty close to that halt level orders at 70. so i move my order up to 70 that way i can add on the break of 6465. right now it's holding up pretty well i'm adding at 59. adding again at 64. and on this one as it's curling up here 65 is my next ad spot for the break over 66 and then squeeze into a halt watching we're still at 70. this is forming a five minute bull flag here which i like the first five minute candle to make a new high is still about 90 seconds away they're sellers but they're getting bought up pretty easily so high the last candle was 66 high the current was 65 watching adding there looking for the next halt in the 70s 72 is the hall level taking profit for right now at 67 because it's sort of churning and i'm putting my new order at 72. the first five minute candle to make a new high there it should have broken um it should have broken better than that orders at 70. adding there 68 for the breakthrough 70 halt level 72 74. i want to be holding into a halt going up 78 is the spot that we know is really important there's 73 there's 74 there's a halt going up new order will be at a dollar 85. oh false halt so halt level moved up to 76. i the low there was uh 57 sold at 62 for now so i would say 78 is the line in the sand i'll move my order up to 80. so i'm up 13 000 on igc but still down 13 000 on the day so i cut my loss in half roughly sava uh i don't know yeah i see that one 22 million share float netflix going lower hopefully i don't get stopped out on that swing trade but i'm let's see well like 500 away i still have some room overall markets uh ripping hopefully netflix is able to base out off this um double bottom level down here but it broke back below the v web so that's not ideal igc high green volume bar on this candle that hit the high of 74. again i mean if it had halted going up there i think this would have been in really good shape for a move a re-test of two as it sits right now it's consolidating it's a nine moving average uh pull back it's got a clear apex point right at about 75.78 that would then give us room back up to two so i'll keep it on watch bfra has been halted now for quite a while and i'm expecting a gap down cheaper ones like igc are tricky because you're trading within like five eight cent kind of ranges and it's not really enough to take a lot of profit off the table it's just it's it's tough hi the last five minute candle 64. bfra is showing 24 dollars as the resumption right now we'll see if that comes up a little higher hi the last five minute candle 64 on igc low of this pullback is 50. i'm taking a starter on igc just 5 000 shares i'll add closer to 51. i want to try to buy as close to the half dollar as i can right down here watching well i'll add 48 i just added at 48. so now i'm looking for that first five minute candle to make a new high back up to 55.65 i don't think it's going to halt going down i think we're just in consolidation here back below the v-wap above the v-wap so now i'm looking for a move back up to 55 low of that pullback there is 47 so mental stop will be probably 40. new orders at 60. this current 5-minute candle has a high of 61. i'd like to see a break 55 get back up to 56.57 this is a spot where with a higher price stock i'd be more concerned about the the half dollar whole dollar with the lower priced one with such a tight spread it'll straddle it and it'll get above it right break below it back above it so this is right at support down here so we want to see back up to 55 56 break of this level here would be 54. still have two minutes left on the current five minute candle which has a high of 61. and on the five minute as long as it bases out uh i would say above 45 or so 40 47 this is a um you know still a bull flag so just waiting for that first five minute candle to make a new high orders at dollar sixty so i can add once we have confirmation and basically break even at the moment but that's typical of a starter position about 90 seconds left on the current five minute candle which would then give us an ad over 60 for a retest of 68.70 and then up through the high here of 74. bfra still halted yep showing resumption at about 25 the moment this current 5-minute candle is 30 seconds left so 61 will continue to be the ad spot on igc we'll see if it bases out here it gets back over the half dollar there's 48.49 i'm going to stop out at 47. it's breaking the low of that pullback the volume weight average price is at 38 but i'm not really interested in doing a dip off the v app on this one so still down 13 000 on the day thirteen thousand eight hundred so you've got brfa resuming there and the high is 28. so i would say on this one we'll see where it consolidates but back over 28 it could be a long i'm gonna take a starter no i didn't fill i tried to take a starter there um at uh 26.79 and phil the problem is on the first halt going down the last time it it failed so i'll watch this for a second i'll put my new order at 28. so flushing down a little bit big spreads but you can see 28's clearly a breakout spot you've got a two dollar spread there 25 by 27 the one minute is saying over 28 along but um you know with these spreads it's tricky you know if i'd gotten filled at 26.79 i'd be red on the bed and green on the ask right now because it will spread there's 28.92 but i think i'm gonna let this shake out a little bit more before i try it again um if i'd been in my small account today yeah i mean i probably would have taken if i was doing like a small account challenge i probably would have taken a lot of the same trades um would have had a red day uu micro pullback here with a 20 000 share seller at three so i would watch this it just popped from 260 up to three that's a nice breakout but back down to 281 again the daily chart as i mentioned earlier not my absolute favorite but you know it's um it's not the worst so i would say what i would be watching here would be a one minute pullback to see whether or not it can break over three dollars and i'll have an order at 301 the high of that last candle was 95-ish so watching uu see if it breaks three realistically on this one certainly compared to bfra so i'll take a starter there at 96. realistically the total profit potential might be a little bit more limited but hey there's 318. so i'll put a new order at 321. that was a nice one minute micro pullback there's a little bit of a bigger break of the whole dollar than even i expected so 320 is the next spot i'd put an order if it can hold three i'll add there i'm adding now i'm looking for a squeeze up to 350. so now we're actually getting some nice action on this uu so watch over 25 28 i look for those whole dollar half dollar and even quarters to break on a stock like this so we've got 21 on the ask hi was 25 so i'll put my new order at 25. 325 and if we can hold three dollars then i could take a bounce off of three for the next one minute micro pullback so the first one minute pullback worked really well so now i'm going to let this pull back here and look for my next really good quality setup hi this current candle is 25 hi the last one is 23. one minute candle is about to close it's basing out here i'm adding there at 308 so buying the dip here and now looking for a retest of 3 15 320 adding their 20 and looking for the break over 25 because this is a one minute micro pullback setup so now we're getting some nice action here all right so we're looking for 3 15 320. well looks like a false breakout so i'm back out with only 93 dollars of total profit on the stock so profit from the first trade back out on the second so basically a breakeven trade but better than a loser and certainly worth a stab when the first one-minute pullback works then i'm inclined to try it a second time in this case uh the volume weight average price is down here at 71. i could do a dip trade off of 71 but i don't think i'm going to do that so now in the five minute a really big rejection you can see their high of 25 and then a 50 cent pullback off the highs 3.3 million shares of volume so the high there on bfra was 32.55 next halt level is 34. i'm taking a starter of bfra and looking to ride this momentum up to the next halt level i'm only buying 500 shares but look for 34.59 so halt level of 34.59 and then i would add on resumption for the next halt going up i think taking a starter with smaller size is smart the high is 33.86 so next order is going at 34. this might represent a one minute micro pullback i'm only holding uh 250 shares right now so i'm not super worried about this the high there was 33.88 i saw a 30 000 share seller pop-up which is not really what you like to see that's a really big seller for this price range stock but of course it's kind of my luck today by the time i finally take the trade it ends up reversing i'm currently down 13 000 on the day and you know seeing if i can recover some of that the majority of the recovery was on igc i'm up 12 500 on igc fine if tesla broke over 1569 that would be a a spot on the daily chart to keep an eye on it's a ways from that level but that's just a spot no news on mwk so not going to trade that fine uh bfra the halt was at let's see um 28.91 so yeah i mean you know again relative to what it did back in here it halted dropped popped back up quite a bit pulled back so i don't know it kind of depends on yeah where it opens if it gets back over obviously 30 30 388 then that starts to look pretty good the resumption on this is about 30 seconds away if it's a five minute long haul which it might be i mean it wasn't uh a crazy it didn't seem like a crazy amount of selling volume but it was 28.91 that it halted so i'll watch it with a 250 share order but i don't know if i want to i mean i want to add on breakouts on this one you know it could drop more so if it opens high maybe there's something there for a quick reversal 28.91 the problem is the spreads you've got to be so dialed in on your entry because the spreads are big so 10 seconds to resumption i'm showing 28.50 right now so there's resumption so i added there at 28.60 and i'm going to try to catch on this a pop coming back up the hall going back up is 31.35 so we'll see if it starts to open back up and go back into halts going up 31.35 is the halt level right now halt level moves up to 32 gives us a chance for the first uh five minute count first one minute candle to make a new high here which would be over um 31 and then a reclaim of the volume weight average price so looking for the break of 31 you know lower volume just kind of sticking with it 600 000 shares next halt is 3307. there's 31.98 again my ad spot would be probably over 33. so i'm going to put my order at 34 to add let's see if we get a move back up towards 35.40 so looking for the break of 32 and then up to 33. hi that last one minute candle was 31.98 so i'll put an order at 32 for 250 shares right now this is a actually a five minute bull flag right at the volume weight average price so it's a bullish pattern on the five the low is 28 20. so you know back down here that's the low that's the high so these are the levels that we're working with over 32 and then into a halt would be the next set up so i'm going to put an order of 32 to add if it continues to consolidate here and then look to add at 32 33 34 for the first five minute candle to make a new high again this pullback here is just within range so in the range not doing anything until it starts to break to the top of the range nice break on tesla over fifteen hundred igc i see it i'm not sure about it just yet but i see it i think bfra is a it's a good example of risk and reward it's certainly got high reward potential because of what we've seen the big moves but that comes with risk potential so my approach on it is to trade with smaller size 250 shares 500 shares maybe go up to a couple thousand if i start to get into a breakout spot where i can add into the squeeze higher so you know into a situation like that this is one where five to ten dollars a share start to become profit target so with even 200 shares that could be a thousand two thousand bucks but the level i'm watching right now is back over 32. the current five minute candle has a high of 31.36 so you know it's just kind of big spreads sticking with it waiting for the tide to change i mean i don't know if there's big fish out there that are taking big positions on this but um you know if there's someone out there that buys up huge positions and creates that move i just don't know but i'm trying to ride the the wave of momentum and right now i'm getting in just i think a little bit before the wave but it feels like we've already pulled back and we're starting to roll a little bit forward now i could be wrong but that's kind of the way i look at the chart so from technical analysis we now have a tire spread it's starting to curl up a little bit on this green candle back over 31 you know 32 we've got 31.50 on the ask i mean it's i don't know it's not quite a five minute it could be a five minute pattern uh when this five minute current five minute candle closes but this is the range that we're working with and it's a five point range so i'm trading with share size where i can afford to hold through this entire range until it breaks hopefully to the upside which right now a break over 32 would certainly be a step in the right direction so again the height of this current candle is 3150 so i'm going to put my order at 33. igc yeah i see it curling up a little bit all right so this five minute candle 3150 is currently the high and it's closing in five seconds which means the first five minute candle to make a new high just needs to break over 31.50 so now we've got a five minute setup here i'm adding there 31 31 10. so i'm adding because now we've got the five minute bull flag right there first five minute candle to make a new high and i'm looking for this to squeeze up into the halt at 33 so i'm gonna put the order at 33 dollars to add this is a bullish setup right here the break of 32 is my next ad spot and then 33. adding there 32 now looking for the squeeze on this up to 33 so watching here i want to see if i can ride this up to 33. there's a bid at 32 not a big one but a small one watching so taking profit and i'm going to put a new order at 33 the high this candle is 32.81 so 33. i could put it at 32.81 i'm gonna i'm going to put it at 33 for now it's starting to open up as you can see it's starting to curl there the first five minute candle will make a new high a dollar thirty a share so it came up but it didn't quite break the top of this range and because i added my cost basis came up and then i didn't feel like i could afford to hold through another pullback down to 28. no i'm still i'm still red on the day i'm down 12 200. so you know it's again i'm i'm i end up being here sitting here trading it in this tight range and missing the whole you know big move on it which is annoying 33.88 is the spot that needs to break i'll leave an order at 34. so you know the further we get into the day often the harder it the harder it gets but yesterday you guys did have some trays done kelly b that started around 10 45 and continued up to 11 30 up to 12. i would want to see either bfra or um igc get halted in order for me to probably be willing to trade it again because i want to see that level of volatility yeah i think at this point igc is a little on the more thickly traded side and bfra now has two red five-minute candles right here and right here so funny with my spy s p 500 swing trade you know i got stopped out on it yesterday and then was like oh man the market dropped but then a gap up and now the market's back to yesterday's highs so boy this is a market that just doesn't want to stop tesla the first five minute candle to make a new high back here 1485 gave a nice almost 20 point move 20 a share kbnt halted on volatility hmm that is an interesting chart um is this the ipo yeah i don't usually trade ipos only sometimes high there was 29 volume weight average prices at 442 bfra coming back down again well short of breaking news i just don't know there's going to be a lot a lot more opportunity and the last few trades have been i mean igc was good but then that started peter out bfra i gave it a couple tries gave it a chance and i'm up on it 1500 bucks but it's now coming back as well so as this one comes lower it's not looking good for that opportunity for a move higher athx what i didn't like about sava i believe the float's a little higher at 20 plus million shares it's near the 200 moving average it's a stock i've traded before and i haven't done really well on it so i haven't been super inclined to pull it up uh you know bo excel is is kind of similar voxel i'm only up 600 on now if boxel broke the volume weight average price of 250 it would be definitely something i'd be interested in it would be back in play but i just i don't see that um i mean i don't know you never know but the the volume weight average price is 253. so it's a 243 right now it is basing out here but that's what would need to happen we need to break the v-wap and rip that's what i need in order to you know finish the day in in better shape so i don't see anything right now you know other than maybe bo xl um the the level two on bfra just because because it's a thinly traded stock probably i mean i'm seeing a one dollar spread right now but one market maker that pops in the middle will suddenly change the spread and so depending on what level two subscriptions you have you could be seeing sort of a lot of different things high of that candle was 54. i have this one was 52 so yeah bo xl would need to rip through 50 55 and basically up towards 60 for me to be into it halt levels at 89 though so halt level's a ways off the risk with being a buyer here is that you're buying right underneath the volume weight average price and it's already tapped that level and failed twice so i'd be more inclined to say if it can actually hold it 5556 is where i would consider it srne is another one of those stocks it's a little higher priced i haven't done really well on it it's a little more thickly traded the float on it is 160 million shares and so i'm just not super inclined to go for it box l you can see how it's tapping this level here high of the last attempt was 52. srne is a bit higher price though which in some ways can be nice because you can more easily get 15 20 type of winners out of it and i have the buying power to take nice share size if i wanted to but i'm just i'm not really into it video excel my orders at 255. i want to see whether or not it can break the volume weighted average price lots of green there is that cellar going to get taken out so i'm taking along there for the break through the v web and looking for 65 over 255 as an ad so i'm adding into it and i'm going to add on the break of 55. so watching here 53.54 because now you know it's curling and it's starting to reverse over 52 watching 52 i'm in at 50 so 52 53 watching here can i add where can i add 55 56 that quick break of vwap and to squeeze up to 60 is what i want to see orders at 55. 57 million shares of volume so you know when the tide changes on this we should get a nice uh i would think a nice swing back to the upside orders at 55 moving it down a little bit sold at 50 breakeven hit the bid better to keep it break even okay you can see how the breakout spot there was kind of 55 the high that level so popped up failed would have to get above 55 56 to be really back in play igc coming up a little bit more i think i'd want to see halts on it just because that kind of i think that's what creates a little bit more sort of interest and excitement halt level is at 70 right now and the high there is 63 but our previous resistance was at 78 boxel 55 is the spot i would watch back in boxel for the break of 55 now that it's coming back up to this level so you can see how this is now reclaiming now over 60 is an ad so putting my order at 360. or sorry 260 on bo xl because now we've broken this critical level of 54. so we've got room back to 60 and then above 60 we've got a shot back to the high of 268 watching the ad adding there 58 looking for the break of 59 and then 60. you can see how it's starting to open up watch over 60 then 65. this break of ewab setup can be pretty powerful when we finally get that snap through this level it could be a really nice setup so i'm i'm liking this now for that grind back up towards 68. watching here over 60. 56 57 i see a 60 000 share seller at 60 which you know not in love with holding just 7 000 shares here open my order at 61 to add back if it looks like that seller is going to get taken down sold the rest at 57 and i'm going to put my order at 61. again though it's breaking the volume weight average price so it's moving in the right direction puts me up puts me down 11 400 on the day a little more profit there on voxel not a lot so first one minute pullback after a fresh break of the volume weight average price can be a good setup um button watching uh i just looked away for a second so there's a nice break there up to 62 but let's see whether or not it holds this level so far that wouldn't have been maybe worth it they're 63 they're 64. so well now it's a little better pre-market high on it is 288 but this is good it's curling up off the volume weight average price so it might give some more opportunities i don't use trailing stops no i i really never have used them foreign all right well uh you know typically i would just stop trading i mean usually i don't trade late into the day unless there are really good opportunities or i'm trying to you know capture every opportunity just to get myself either to my daily goal or you know out of the out of the red so today i started by dropping down twenty five thousand dollars on um mnpr and i'm down twenty seven thousand on that and i dug myself out of the hole with igc bfra box l uuu and i'm down 11 400 and i don't think that at this point i really stand much of a chance at getting back to green the good news is i'm still up like 360 000 on the month and i'm still up 100 and i guess about 100 000 or 90 000 or so on the week so all things considered it's a reasonable red day as i was approaching as i kind of had that big loss on mnpr so quickly in the morning you know that was certainly a time where i could have just said all right i'm going to walk away here uh and and it's it's tough because on the one hand i was well below what i've typically said to be a place where i would keep trading on the other hand relative to the success and the profits i've had in the recent weeks and months that draw down wasn't really that bad and so you know i was kind of like well just because i'm down 25 000 isn't that bad doesn't mean i want to keep trading have three more losses and be down 30 or 40 grand that would be even worse on the other hand if i can take some good quality trades and dig myself out of the hole and cut the loss in half or just reduce the loss in in any amount that would certainly be positive and so i was able to do that primarily on igc so igc as you recall had multiple halts in a row going up and i got in at 65 or 6 before the third halt going up and added and then took profit in the 90s so that was about 9 000 on a 30 000 share position about 30 cents of total profit which was a nice trade i got a couple more trades on it down in these areas on dips which added some more but didn't become the big uh winner back over two that i was hoping for bo xl a small trade pre-market and then another trade right here fourteen fifteen hundred dollars of profit bfra fifteen hundred dollars of profit uh didn't chase the big move wait for the bounce captured some profit in the bounce but not not a lot uh uu 93 we got one nice trade um on the one minute chart for the uh first one minute pullback and then i went back in for the second one minute pullback and it flushed back down so that was break even and then mnpr so the challenge on this one was that uh it was it was not easy to get in and out and so when i was in it and it first started dropping i tried to bail out and none of my orders filled you know so sometimes the lighter volume stocks that's the case the next thing you know it's like well all right i'm down a lot more than i was planning because i couldn't get my orders filled and so now it makes more sense to try to add on this really big dip and try to catch the pop coming back up and so i added around i think it was 1180 and then when it flushed down a second time below 11 that's where i cut the whole loss usually whenever i add i kind of keep pretty close to there my new line in the sand and so i had to cut the loss and lost 25 grand and then i came back in for another stab right around i don't know here first five minute candle to make a new high and lost another two grand on that so this is a pretty dramatic uh fail today this stock from 1450 all the way back down to seven i mean that's brutal it really is brutal but fortunately igc helped make up for it and that was a nice move from a dollar ten up to two bfra has put in some nice moves so i'm not really capturing profit on it very well but today was the only only the first day i tried trading it and netflix let's see on my swing trade where's that at um so my swing trades down here i'm up 100 on etsy and up 170 on netflix so i've got 270 260 dollars profit and that's just gonna sit on the back burner there as a swing trade with the goal of you know a thousand two thousand dollars a week uh today definitely not the most fun day i don't usually wouldn't usually trade this long if i weren't trying to get myself back and i could of course sit here until four o'clock and hope that breaking news comes out or hope that maybe something starts to open up but i'm really not interested in getting into afternoon trading so i'm just gonna cut it here eleven thousand dollars in the red in fact it's not um the worst red day i've ever had then that wasn't the worst loss i've ever had but you know it wasn't a fun one and because it happened so early in the day i did feel that there was still opportunity you know to keep finding some trades but i would say this is two days in a row where we've seen poor uh follow-through in the market and so that's a little bit concerning in in that way and you know i i don't know um how i'll feel about um you know tomorrow i'll just take it one day at a time i guess but uh so june i was down 10 000 on the 22nd and then 13 000 on the 30th so this that and these were my last kind of good-sized red days so down 11 000 today puts me kind of you know on par with um my you know closing the day down 10 grand is a is a bummer of a day but relative to 200 000 224 68 000 14 000 these are losses that are very manageable they're i can if i have a good day tomorrow easily make back the loss from today in just a couple of trades and if i keep try to keep trading today i think i'm just going to end up burning commissions and spinning my wheels and i'm you know as much as i am happy to give some commissions to lightspeed there's no reason for me just to be churning shares to make two cents a share on bo xl or something like that i mean we're just not seeing the level of volatility that i would need to get myself um back to green on the day now boxel had a chance if it had ripped up here 68.78 a few others had had a chance but they didn't give us those moves so uh it's fine it is what it is and i'll be back at it tomorrow hopefully for a green day a little bit of a better day and can finish the week with you know a nice day on thursday a nice day on friday that would be you know that would be my hope but again it's it's what the market is willing to give us and today we just didn't have a lot of strength and you never know on stock like mnpr what creates all that selling pressure you know is it are they doing a direct offering and they're just selling on the market or is it i mean that's a you don't see that every day that's a huge red day that's a 50 drop in one day so you know i don't know always what causes those types of drops just like i don't always know really what causes four hundred five hundred percent gains they're irrational and the market can be irrational so you know on this i could have gotten stubborn and said you know what screw it i'm not selling this at ten i'm gonna hold it i'm gonna wait for the bounce and you know if i had done that well i'd probably be down forty thousand dollars fifty thousand dollars on this right now so you gotta draw the line in the sand somewhere just like with the swing trades it's frustrating had i gotten stopped out only to see it ripped back to fifteen 16 because i could have seen it doing that just as easily as as i suppose doing this maybe even more likely that it had i think it's actually more likely that this would have pulled back and then popped back up than uh do this but sometimes they can be irrational so you got to follow your rules keep the losses at manageable places that you can handle and then that makes it easier to recover again when you have a stock that drops i mean on this one i jumped in here for the break of 14 i tried to take profit at 1440. i didn't get any shares filled and then all of a sudden i'm holding it as it's you know getting slammed down right here in one candle to 13. and i'm down a dollar a share and that's where i was like okay let me hold this for a second and then down again and now i'm holding into a halt at 12. it happened very fast but we know day trading is risky there's no question about it so risk and reward i'm in good shape on the week good shape on the month good shape on the year bad shape on the day so it's one day uh it's i know for some hard to put one day behind and i anything for me i really would have liked to have been able to finish today green but i gave it a good try i did the best i could and there just wasn't enough moving for me to really get back to green so 11 000 in the red 11 400 is tolerable and i'll be back at it tomorrow and hopefully we see some better opportunities but if not i just want to make sure i don't do a repeat of today tomorrow and dig myself a 25 30 000 hole in my first three minutes of the market being open so that's something i have to be really mindful of you know yesterday was close not great today was terrible tomorrow could be catastrophic if i'm not willing to be you know mindful of the market that i'm in of course if we see something gapping up 200 300 percent well we could have an amazing day but i have to be present with the market we're in and trade the current environment i can't trade you know in hopes that we still see the hot hot action that we saw two days ago today is today so i hope you guys have a great rest of the day and i will be back at first thing tomorrow morning you

Channel: Warrior Trading

Views: 208,089

Keywords: day trading, day trading strategies, trading strategies, how to day trade, beginner trading strategies, momentum day trading, stocks, trading, how to trade, stock trading, penny stocks, pdt rule, shares, float, volume, candles, profits, Wall St, finance, brokers, Ross Cameron, warrior trading, day trade warrior

Id: A-4MieZhoxU

Length: 187min 40sec (11260 seconds)

Published: Wed Aug 12 2020