11/17/2020 - The Day Trading Morning Show for Tuesday!

bell and we're going to start breaking down the watch list this morning sq bg is the one that i'm already honed in on this is a nice squeeze right here up to 11. and on this one i'm looking for that breakthrough 11. there's 11 10. and i'm long at 1081 i'm going to add at 11 15 adding there at 11 15 for a squeeze up to 11.50 this one to me i think has some potential based on the chart that we traded uh just a few weeks ago this is a former runner it's a momo stock this is one that likes to squeeze so the high this candle is 24 that means 11 24 is my new ad spot watching the break of 11 24 and then we'll see if we get a squeeze on this up to 11 34 11 44 the half dollar of 1150 so right now we're looking for that break on this one minute pullback through 11.25 watching here to buy the dip there's 20. looking for 25. find the dip at 11. so buying that dip right there and looking for the break through 11.25 once we get the squeeze through 25 then we'll be looking for 50. so i took my starter on it during the pullback and then added on the breakthrough 11. we want to see the rip through 11 25 and then up to 11 50. so watching this here for the break of 1124 and i'm going to put an order on the ask through a pullback like this i'm going to be a dip buyer because this represents one minute pullback right here high is 11 24. so we're going to look for 1125 to break there's 96 you want to see that pop up over 97 back up over 11. so watching to accumulate on dips added at 91. so buying on that dip right there and looking for the pop on this back up through 11. you can see down here we've got a little bit of churn but this is a stock with a history of making some big moves so we're 80 on the ask about 690 000 shares of volume a good amount of buying there i'm holding 9000 shares on it still holding on this dip here i'm going to see if i can add off the volume weight average price which is 10.50 so watching 10.50 as a possible ad spot this may end up forming a five minute consolidation with a high of 11 24. so on this one you know as soon as i sat down and saw it ripping up i wanted to jump in because 50 percent lead a gap or 955 000 share float it's a stock that has potential to make some nice moves and i saw jess got in it a little earlier than me and i think i had a little fomo i said no i'm not going to miss this jess is already on it he's already green on the day i'm jumping on so we'll have jess join us during uh the morning show here and we're going to see how this consolidates at this level i'm going to stop at 10 50 and i'll put an order at 11 to get back in so let's do our pre-market a little intro here and then we're going to get into more of the watch list [Music] all right so stopped out at 10 50 um unfortunate that we didn't break through 11 24. the first one minute cam will make a new high right here and i'm gonna watch this i just did dip trade at 1002 so i'm trying to buy the dip because i feel like this type of sell-off is a little irrational so we have sort of an irrational sell-off like that i usually start to look to buy the dip after that kind of flush so my target on this would be like 10 25 just to get a quick 25 cents off the low we'll see what we get so if it's going to hold 10 then 10 15 10 20 would be the next spot all right so i'm just going to put an order to take profit at 10 uh let's see 10 50 and let's just see if it breaks over this level so this is our second leading gapper just swap places with lxrx i'm just going to cut it flat there so you know this is not the great sort of um this is not great to see high volume sell-off that's not what we want to see we saw this yesterday as well on a couple of stocks and it's not nice to see at all we want to see these breakthrough these levels hold these levels and move higher we had the same thing yesterday on seaback it was very choppy some big red candles you could see it again this morning after hours it ended up making a bigger move but you know it just when these can't hold it's definitely an indicator to sort of ease off the throttle and slow down so maybe today um maybe also the max share size today based on yesterday's uh price action of i'll set it at 20 000 shares max size of 20 000 shares and you know if i get to my 10 000 daily goal or i'm up 15 20 000 and we see something really really taking off then maybe i'll step up a little bit more um but if we don't see that then i'm i'm just going to keep it a little smaller today because i'm not liking seeing the drops that we had yesterday and the continuation today you know in a hot market jumping on these on these first pullbacks like right here and right up here i mean this is what typically works really well so the fact that already this morning we're seeing a rejection that big i mean this one from 950 slowly up to 11 and then right back down in five candles four candles i think it was worth a shot but now what do you have a big red candle below the volume weight average price so this morning um as a reminder uh for those on facebook and youtube i'm gonna be hosting a workshop at 1pm so we gave a link to everyone who was on the priority access list so you guys could register and hang on one second i'm just gonna fill up my cup of water so hopefully you guys were able to register um while we're doing uh the pre-market watch list and the morning show here i'm gonna have steph um go and look at registrations and see if we still have seats open and if we do then i'll put a link right here during youtube live facebook live for uh some stragglers who weren't on priority access to register but that's not a guarantee i can't i can't promise that we have seats so um i'll just stay tuned and i'll keep you posted on that and same with uh previous days this week if we have 3 000 thumbs up by the bell i will stream until 10 a.m for you guys so you get a little bit of the morning show but remember that my broadcast on youtube and facebook inherently have a little bit of lag in them because we just use the facebook youtube streaming server so if you want real time you got to be in the chat room all right and obviously if you want the the classes and the strategy you got to be in the chat room as well as a warrior starter or warrior pro student okay so lxrx i'm not really interested in this one right now it squeezed from 130 up to 230 it's stair-stepping down you know i kind of see you've got this descending resistance line that it's maybe starting to get above but i don't i this price range there's just not a lot of you know meat on the bone on this type of stuff it just it's not moving usually enough for me to feel like i can really make good money on it i don't know i'm just going to leave that one alone for the time being i like stuff like sg um sqbg sorry that are you know between five and ten dollars because these ones when they move you can quickly get fifty cents seventy five cent dollar a share type of breakouts which you know you got but of course you know i'm up here adding at 11 and i just i buy high sell higher that's my strategy and i i did stop out but whatever so all right hold on one second um let's see just going to copy this link invitation there we go so let's look at tesla real quick so tesla inclusion into the s p 500 what this is i mean you know this is my opinion but my opinion is that this isn't this isn't a safe investment for the s p 500 the pe ratio is like 800 it's up 4 000 and you know i mean it's it i don't know this to me does not feel like a good investment to be added to the s p 500 because you know people that buy the etf spy obviously now they're going to be buying up tesla because it's now part of the part of the fund so this is um you know you've got a big gap here from 408 up to 458 and i'm interested to hear um in the large cap um uh room what they're going to be looking at and you know maybe it does slow down some of the volatility a little bit but it doesn't change the fact that it's already up so so so much that uh it's gonna be you know if it just fades off this level it's gonna draw down the average a little bit so i don't know i'm um i'm just i'm just not sure so you've got a high here of 466 so there will be some people i'm sure that will watch tesla long over the highs or short below the lows i'm not particularly interested in day trading tesla i've day traded it before and i have definitely got myself into some trouble uh being too aggressive on share size and all of a sudden being down ten dollars a share let's see who do we get who do we have logging in here um all right so we've got our first guest this morning hey jess there we go sound engineer all right so we'll see if we get him uh up and running we're working on getting his audio hey man hey good morning how are you i'm good how are you i'm good uh let me just put you up here there you go you're on the big screen oh look i'm on tv yeah going to trade tesla today no i don't really trade any of those you know it was cool to see that it gets um you know they added it uh but you know i probably won't trade those it's really outside of my wheelhouse yeah same with me i i think it would be a little bit of a mistake to trade it so yeah so having said that if it breaks over 465 that's pivot 479 is a pivot and then 502 is the high so those are the levels you know that mike may mention if he comes on here and does a um a breakdown of large caps but on the small cap side what are you looking at um well obviously the the main setup was uh s2pg i took that already pre-market right around 980 okay and i kind of sold into that first push then re-added and i started i'm selling up here the highs i don't really like that you know that big sell-off obviously but it is you know it kind of came right back down to its um initial level uh so we'll see if it wants to hold up and continue it's nice to see you know those a lot of these are up on kind of just fluffy news but you know when a stock releases earnings it's it's you know a solid foundation so yeah we'll see what it does okay yeah i that was a you had a definitely a good entry down there um let's see the high here was 9.95 so it looks like you got in to anticipate the break through 10. is that that's what you're looking for yeah i liked um yeah if you look down like the five minute chart in the one-man chart it had a nice consolidation you know it was consolidating above moving averages above the volume average price you know it started curling up a little bit and so i uh took it long yep and you can see the volume came in right there so um so then you took some profit and it looks like i bought your shares uh for the move up higher and that next leg from 1050 to 11 um that was okay and then the pullback from 11 here where i got long at like 1080 and then added through 11 to 11 24. i mean i was adding how high did i add um gosh i added at 11 20 5 cents off the high for the break eleven twenty five and you know the thing is like yesterday trading uh sb uh sorry c bat this one man you know so i you know i finished trading up 5 700 bucks i was done for the day and then this started this five minute setup and i was like you know what screw it i'm getting i'm going back in rambo's back and i'm going long rambo's back so i i went long on this for the break over 865 which was what time was that it was about 11 a.m so 865 must have been it must have been like right here which is you can see on the one minute it's like really choppy and so i you know i got it at a65 it pops up uh you know a little bit i got out got some profit you know then it pulls back and then it goes higher and this one minute chart was so choppy that even through this whole move you know you'd think from a move from 860 up to 960 1060 that i would have done really well and i did make i don't know maybe 8 000 or something like that on that move up but it was very choppy and i didn't do nearly as well as i thought i could have and then on the drop right here i tried to buy the dip and it just went lower and i was just kind of like man i'm i'm feeling like on this one i can't seem to catch kind of the right side of the momentum i just sort of kept getting um i don't know i just sort of kept getting frustrated like the one-minute pullbacks were not working well false breakout false breakout you know one finally false breakout again here then one that works then it gives it all back so i don't know i when i look at sqbg oops this morning it's already having some of that kind of similar price action of that big that big flush so yeah you know i did the same exact thing on cbd yesterday it was you know i you'd make profit and then you know an irrational drop and give it all back or up you up only a little bit so it's certainly a really frustrating you know see as it's kind of breaking up a pre-market level yeah so you know i think this comes back to trade the market you're in and when the market's hot you know it because you're seeing stocks ripping left and right and yes this is a nice move here from 9 50 to 11 but then it gave it right back lsrx has already faded off the pre-market highs a bit uh yeah it's starting to curl up here on higher volume this one you know i i just feel like if i trade it i'm gonna have to be taking 15 20 30 000 shares because i'm you're gonna be talking about making five cents a share how much money am i really gonna make it five cents a share it's just i don't think i'm going to make a lot on it unless it gets over the pre-market high of you know 236 and starts getting up to 250 and towards three so at this price maybe i'll trade it you never know maybe it squeezes into halts maybe it does make um some bigger moves but it just feels very thickly traded it just doesn't feel like the kind of juicy excitement that that i love and look for in the market and you know cbat kind of had little flurries of it but it couldn't hold it sqbg has shown some potential but then it gave it back so at this point what's our pre-market high it's 11 24. it couldn't hold the whole dollar of 11 and it's back down to 9.50 so you know and back here this was a day where it had an epic fail it gapped up and sold off the whole day i mean it was yeah every every huge gap up i mean i see a couple of them it just gets sold right off so i mean we could be mindful of that and see what it wants to do but yeah like you said it's just kind of yeah what are you going to do turn you know thousands and thousands of shares on a stock like uh lxrx or something so commissions i mean then that's that's the there's a price you pay on those commissions uh certainly some traders use commission free brokers which is fine um but i don't and so that does put me at a little bit of a disadvantage when it comes to churning shares on some of the lower price stocks so one of the other gappers ctib do you have anything else on your watch list uh no i was kind of just i i had that on my watch like as soon as i sat down i was like oh this thing looks pretty good um so i just kind of focused on that um took my profits once it started popping up and i haven't really uh checked anything else out yeah okay all right well um i'm gonna let's continue on and i'll catch up with you maybe a little bit before the bell and see if there's anything else that um you want to share with us all right cool thanks all right so let's see um so leading gapper right now is our med but we can see on this one it's a reverse split so i'm not particularly interested in it unless we've got some really good catalysts so let's just take a look all i see is the reverse split headline uh for those just tuning in uh jess is a member of the 100k club at warrior trading so that means he's a student of the warrior pro classes who's made over a hundred thousand dollars in verified profits so uh it's sometimes nice to hear from a couple of 100k club students about you know what they've been what they're looking at what their watch list is and how they're trading and so you can of course follow him in the chat room and he also is hosting um mentor sessions for warrior pro students so lxrx yes please when you guys get tuned in hit that thumbs up and if you haven't already subscribed or shared this video with a couple friends make sure you do that lxrx ctib sqbg so you know one of the things that we're going to talk about during the workshop today is the ability to ease on and ease off the throttle in response to current market conditions so you know when the market is hot i want to ease on the throttle i want to you know really be super super aggressive and when it's cold i gotta ease off and the fact is i'm not very good at easing off the throttle because i always love to hit big winners and when momentum's hot i get you know all excited and it's it's hard for me to turn that off and say listen the market's slow i got to just sit back and and wait it's it's very difficult and ultimately uh it's a big mark of success to be able to you know have that touch to ease off when it's slow and then immediately back on when it's hot mogo another cheap stock this btbt that i just had up for a second um you know you've got these top red kind of dojis i don't know um i don't even see a news catalyst on a news headline so i'm not sure about it hey the morning show's not for everyone not everyone wants to be you know on the morning show and you know center of attention everything else so well you know if folks that want to do it 100k club students and and moderators etc they can do it those don't it's okay it's no big deal no peer pressure do we think less of you no of course not down to tesla 12 gap but really it's not a big deal um gs mg f cell so i don't know guys i'm not liking the look of the gap scanner right now back to ctib it didn't really just jump at all it's in a 5 cent range right here so i'm not sure if you see something i don't see but i'm not i'm not liking that all right remember let's keep the chat room on topic for actionable trade ideas people are still putting together their watch list all right so steph um let's see we still have 165 seats open for today's uh workshop for those that want to attend some of those seats are going to be in a listen only mode you won't be able to chat but you're welcome to register and for those that register that are early to register you can probably jump in and be in chat mode so the workshop today is going to start at 1pm i'm gonna put the link right here um in the uh chat feed for you guys let's see let me know if you can see i'm gonna put it on youtube and facebook again existing students uh in the chat room this is nothing that you haven't already seen so don't worry about that so there's the link to register right there all right and we'll pin that to the comments those who are watching this on a replay maybe later in the morning you may still have time to register up until well i don't know maybe 12 30 or something like that i'm not sure what time the cutoff is or when we run out of those 165 seats so as it is but um let's see you can also um watch a replay and we can send you a replay uh to one of my last workshops so don't don't fear we do still have something for you guys who are watching this maybe later this afternoon or tomorrow ctib flush back down there so that's not good k i r oops k i r k no i don't see anything there lxrx lxrx is moving a little higher but we're talking about a couple of pennies this just isn't what i'm really looking for it's not enough we need more than that i do see a good sized bed on it yeah i see 70 000 share bid you know and again i'll be watching the pre-market highs those that's kind of the level that i'd be you know interested in sqbg what would it take for this one to get back up there well it's got to get i mean to look really good first there's a trade here up to v app that's 70 cents a share that's not bad uh at but then certainly above the volume weight average price you've got more let's see halt levels on this one will probably be every twenty percent so they're going to be a little ways out so from 9 up to 17 so you got 8 cents a share on that breakout again 8 cents you know but with 2 000 shares eight cents you know it's not nothing make a little on that i guess just kind of slow going so we'll see if we can get a little higher we have about 24 minutes to the bell so far i don't have much of a watch list i think tesla for large caps is going to attract a lot of attention other electric vehicle xp ev would need to break over 50 bucks we had the first pullback um after the sort of big move the first pullback this is the second pullback that we have right now very clear flat top here around 47. again though you know we're getting that's getting into a price where i can get myself into trouble um you know could i get a quick trade from 47 up to 48 with five ten thousand shares maybe could also get a quick five ten thousand dollar loss yep certainly could so risk reward on it is not ideal when you start going really far down the gap scan that's when i start to feel like it's a bit of a stretch is a funny um split bcli you know looking at some of the biggest gappers to the downside so that's from eleven down to four huh again you know with stocks like this they're obviously down significantly for a reason you may be able to do some dip trades off the low but lxrx ended up you know moving more than i expected for sure so this one i'll watch but we still have 22 minutes to the bell so there's still a a good amount of time before you know the bell rings i it's not moving in a way right now that's giving me a pre-market entry yes you have an entry down there at 210 but now we need to wait for a pullback i don't know if anyone else sees anything that i've missed so you know lxrx even though i set my max share size 20 000 shares this is one where 20 000 shares probably isn't going to be enough so i would increase my share size on it or my max share size just specifically because of this one because of the way it's trading so i could probably take 40 or 50 000 shares of it just because we're talking about a narrow range and if it does start to open up i might get 15 20 cents maybe and then with 40 000 shares that'd be an 8 000 winner that would be best case kind of scenario worst case maybe i end up losing 5 to 10 cents but it's very liquid so and we've got big bids so i should be able to manage my risk fairly well i wonder if perhaps it needs a five minute setup after this nice move here and let it pull back for a little bit mike is going to come on in a few minutes and talk a little bit about tesla for large cap traders and for those that are interested i think today will definitely be a day uh to be watching the high day momo scanner to see what pops up sqbg will be one that i still have on watch depending on how it trades btbt you never know if it starts to open up a little bit more hpr was it this one that made a move yesterday f cell i don't know i mean i see it moving what's the float on it 294 million shares agree on hpr it's got a ways to go before it really looks good but you know if it did get over 750 kind of this area okay then we got something to work with i i wouldn't be against that those just getting tuned in this morning on youtube and facebook make sure you hit the thumbs up and as a reminder each morning we get at least 3 000 thumbs up by the bell i will keep the stream going till 10 a.m so you guys get to watch over my shoulder and see what i'm trading xpev a little bit of a sell-off there so what's wrong with ctib well let's look at the chart stair stepping down it's below the volume weight average price it doesn't look that great right now you know it just doesn't look quite right so that one for me you know it's not the one fcell certainly looks better but the high is 45 and we know that it's a large larger float stock so it's going to be a little bit slower you know slower to move and probably a little bit more difficult sqbg you know i had some profit on it but i didn't take it all off the table at 11 20. i was adding at 11 20. so i did start selling once it broke 11. but i gave back a lot of unrealized profit on it and actually probably some real eyes because of the shares i sold at 10.50 so you know green on it but not by a lot so kind of a just like yesterday a slow start to the day maybe we'll have more trades on it we'll see so current five minute candle high on lxrx is 22. we still have about 30 seconds left for that camel to close i want to close red so possibly the first five minute candle could be my entry um joseph i'm not sure what you're talking about there so our high day on this is 23 the low of this pullback right down here is 15 so 14 would be a stop let's see if it breaks so i'll take a starter there at 18. so i'm taking a starter on this to the stop at 14. and my ad spot is at 23 so adding right there at 22 looking for the first five minute candle to make a new high and then we're looking for a squeeze up to 23 24. so our high there uh first five-minute count will make a new high is 22. so we'll look for 22 to break if we get that break at 22 then we're looking for 23 24 and we'll see if lxrx wants to grind up towards 25 nope and just like that i gotta cut the loss at 15. so that's you know that puts me right on the day entry was there for the first five minute kill will make a new high it's a false breakout and there you go it's a red trade doesn't mean it's done for the day but that's that's not what you like to see so i'm read by 1500 pre-market right now all right let's have mike talk a little bit about tesla all right give mike a chance to get logged in here let's see so this is i think a perfectly valid entry for the first five minute account to make a new high it was a little extended off its nine moving average but still worth a try and you know it was just it was a losing trade so nothing you can do about that all right there we go hey mike hey what's going on all right so break it down for us uh what are you looking at on tesla all right so we've got tesla this thing guys is usually um kind of a tricky name to trade i tend to try to stay away from it unless it has some some uh some pretty major momentum which today it actually might um the only thing that really interests me about this is the daily chart here we've got this thing starting to resolve out of a macro setup which you know usually these are the ones that make the big moves you know in any given day teslas can be pretty choppy but the fact that it is starting to resolve out of this it's essentially a bull flag on the daily you know if it can kind of hold up above that and get above this 466 467 level that's right i think it can get up and go it's just going to need some major volume yeah so that is you know from the standpoint of the daily chart and the macro setup you know this thing i think can can get up and go but over to the intraday you've got what's set up as a gap fade set up right now so it's kind of contradicting at the moment okay why do you say gap fade just because it's up so much you think it's gonna yeah i mean you've got the big gap but you've also you've got the pretty high and then you've got a lower high so okay we have this 466 pivot level but then you have the the pretty high at 460 750 so you've got a pretty close range there two big resistance points yeah 466.55 okay i see that and then the fact that you have the pretty high and then a lower high so far against big resistance levels that usually is the the go-to for a gap fade setup okay so where were your if you okay so i mean the thing is i i look at this if i saw this on a small cap i would probably be long over this pivot of 6250 and my first target would be 66.55 now if it ripped up hit that level and faded then i might think short with a stop you know at the 66.50 or 67 pre-market high level but that to me i don't know and then in terms of like the apex point the place to be a buyer i would look at a 6250 long the place to be short maybe below 460 but that even feels a little early because you could hit that this ascending support trend line from the pre-market kind of back because it's still i mean if you back out to like a 15-minute chart it doesn't it's it looks like a bull flag and it looks like it's just above its ascending support line yeah i think i think to go short on this it would have to come out selling pretty hard below 458 okay yeah okay so i would i would agree there if it goes below this low 58 458 that would be a logical place to be sure and then for a long i am i i would agree with what you're saying about that last pivot on on other stocks but this one being so volatile yeah you really you really got to wait until it gets up into this zone above and pretty high because you've got such a big pocket there and i think if it can take that out then the daily setup has resolved and you give me this big pocket and you should see the momentum pick up so this is one that you really got to be a little bit more patient with yeah because if it starts to go it's going to have a lot of range you just don't want to get caught up and trying to anticipate this this early resistance and get kind of blown out so uh which tesla is uh is good at doing so yeah also tight enough for the long until over 468 so we can kind of hold there and then if it comes out of the gate sell apart below 458 i'll probably try to take it down for a cafe okay and as a rambo would say long over 462 you know you guys step up to the plate right that's what rambo would say would am i wrong well uh for the sake of uh following the master here i will i'll try a little bit once you know what happens all right 460 250. but the thing is i i know for sure in my experience trading this one that it whips around and so you could hit the ask at 460 250 and five seconds later you're seeing 459 print and you're like i am literally down three dollars a share yeah yeah so that's the risk with tesla and you can't underestimate that because it can go four or five points against you like that with 5 000 shares and i can trade 5 000 shares with stock like this you're looking at a very quick 25 30 000 um loss if you cut the loss or simply with 5 000 shares a 40 000 range while it's in consolidation you know it's so like well i i don't mind holding through consolidation and with a small cap stock sometimes i might be down a couple thousand dollars but on a large cap when the consolidation could be four or five dollars a share it can you start to rationalize continuing to hold it and it'll get back up and i don't want to hit the bid here i'm already down five dollars a share maybe i'll just add another 2 000 shares next thing you know you're along 8 000 shares down 10 points that's an 80 000 loss so you got to be really really careful with tesla big money trades it and because big money trades it you know you could see essentially a market order for a hundred thousand shares go through at some point today and a market order for a hundred thousand shares of tesla you know it's gonna move the stock a little bit and it's gonna be a blip but then that blip is gonna very likely be the ripple that freaks out other traders and all of a sudden people you know run or flock and so that's where some of these stocks have higher levels of institutional trading where you're going to see some big market orders get punched can get crazy and xpev not different from that um in the days i've traded it i'd seen in a flash second a market order go through and the stock drops down a dollar a share and then you know starts to pop up but then people get nervous and more people sell and next thing you know it's like one big market order kind of all of a sudden totally screwed up what was starting to be a nice looking pattern and that can get really frustrating so it means buying support is definitely famous for you know kind of blowing through a level and then reversing so yes you know even though it may look like it's starting to go like if like right now it looks like this gap fades probably gonna like try to happen out of the open yeah but what happens is it starts to draw you in as it starts to sell below maybe a couple points and you jump in and then it whips back it almost gives you false confirmation because it it goes it confirms the breakout so this might go to 62 it might break 6250 and go to 63.25 and you're like i added 6250 i'm adding at 63. and the next thing you know it flashes down so that false confirmation is very confusing when you're a trader that's looking to buy confirmation yeah this is not this is one that i mean one of the reasons i really stay away from this one i try to stay away it's usually not the um the so-called low-hanging fruit that we like to talk about it's just it's very difficult and you've got to be really patient on it and you've got to have a high risk tolerance um it's not one you want to get on the wrong side of agreement it's very difficult to uh to recoup that on this stock so take away here is if it's not if you're treating tesla it's not working for you guys get out let it lose quick yep don't get on the wrong side of it yeah and just be patient with them yep good call all right thanks mike and as a reminder guys um you're be if you're new to trading you should be trading in a simulator you should not be putting real money on the line on any of these stocks until you've proven you have what it takes to be profitable in the simulator it's just a matter of fact if you can't make money with pretend money you're not going to make money for real money so all of our starter and pro students you guys have access to our simulator so you can practice real-time market data we pay it on your behalf so you can practice we want you to practice and um you know it hopefully helps set you off on a good path for getting started so you know i'm back in lxrx here just with a starter it's obviously breaking and i put an order at 30 to add it's we've got five minutes to the bell and this thing the first five minute candle make a new high here gave me an entry uh with a long at 23 and i would just start to scale in over 27 28 so looking for 27 to break so they're adding at 27. so now i'm starting to scale in a little bit because we're seeing some action and adding at 29 and looking for the breakthrough 30 for my next ad and my back of my target on this is of course a retest of the pre-market high so i'm going to increase my max share size on this one uh if we get a break through 35 i'll add another 30 000 shares so looking to add through 31.32 and try to just ride this momentum again 36 up to 40. we've got only three and a half minutes to the bell and this looks like it might be the one at the bell could we get a haul going up and a squeeze up to 250 260. that's a possibility it's what i'm looking for so i'm going to try to be aggressive on this one i'm going to scale up to bigger size on it it's a lower priced stock so the risk is much more manageable and right now we're looking at longs over 33.34 and i'm i'm still looking to be aggressive i haven't sold anything yet i want to keep adding on this a reminder i'll put up my disclaimer real quick here for those on facebook and youtube day trading is risky if you didn't already know so make sure you trade um carefully my intro there all right so where's my ad spot right now 34.35 for the breakthrough 36 and squeeze up to 46. watching here for an ad [Music] this is just where i start to get aggressive kind of lean into it a little bit increase my share size we're looking for the rip through 36 up to 40 46 we've got two minutes to the bell and i'm i'm liking the idea of being long into the open but let's just see what this does look at that flash so that flash right back down to my cost basis of 25 the high is 33 so let's see so in this one i'm in at 25. is it going to bounce off this level watching i'm going to cut it at 25 it's a breakeven trade i'd rather just be break even than lose but again we're talking about smaller share size or smaller range so all right well that's kind of a bummer and so in this candle right here in that just one candle flash down basically 23. all right so i've got now two losses on lxrx that one was a little bit of a loss not a big loss um and one winner on sqbg so as i'm sitting here with about a minute to the bell uh those streaming on youtube and facebook make sure you hit the thumbs up so i'll stream till uh 10 a.m thank you for those who are have already tuned in and hit that thumbs up what we have going for us on this is uh increasing volume that's great it's good to see we've got room on the daily up to 289. we've got 23 million shares of volume and we've got a pre-market high of 236. so i'm going to be doing the best i can not to look at tesla because that's going to be a sort of distraction stock and i'm going to see whether or not i can you know rip a couple of trades on um lxrx i'm going to leave my order at 36. let's watch it at the open and let's watch those halt levels because this may squeeze into a halt i'm okay with not being long into the open it did flush me out there but you know sometimes at the open you see a big flush so let's see what this does we've got five seconds to the bell order's at 30 38 i'll put it at 40. okay watching long adding i've got a starter looking for the break over 40 to scale in so we've got 40 as our breakout spot watching this over 240 i'm in at 233 high this current candle is 38. look at that tesla fade wow nice job for mike so our high candle is uh oops and i'll just close this so we're going to be looking for lxrx to break through 38 high is 38. we're getting a little bit of a pullback here so pre-market we squeezed up we broke that level the high was 38. i'm gonna wait for a red to green knowing that when these reverse red to green they can be fast moves tesla dropped about seven dollars a share there so orders still at 30 uh sorry 40. my order's at 40 to add look for that first one minute candle make a new high we'll see if it shakes out the low is 18 and the high is uh 38 so we've got about i mean that's our range we're kind of working with here low this candle right now is 14 so we're pulling back a little bit more i'm still holding my position from 33 i want to give it a chance to do a red degree move first one minute can we'll make a new high it's gonna be over 30. put an order at uh 27. again remember that when these read to green that can be a pretty kind of violent move as it rips through the highs current low of the pullback is 14. we're up 68 i added there at 18 starting to accumulate the charts telling me over 24 could be where we start to get that red to green on the 10 second chart here so see right there 24 is the spot i'm watching will we get the breakthrough 24 there's 22 i'm adding at 23. starting to kind of scale in for that quick curl back through 30. i want to be holding for the first 1 minute candle to make a new high the low of day is 14. so as long as we base off that level first one minute candle will make a new high it gives me that that apex point high of this current candle is 24 so we're going for 24 25. we've got 20 by 21. i'm thinking 2425 is the spot to add nothing else is hitting the scanner right now so i'm still focused on lxrx and i cut the loss i got to unwind it at the low which was uh 15. so a couple loss at 15 unfortunately on lxrx you've got four red candles in a row it's not a good start to the day on that one f cell it's a very thickly traded stock i'm just not sure that i really have interest in this one you see how there's a seller there at the half dollar so i'm right on the day and i'm maybe going to step back for a second i think i've had three losers on lxrx high on f cells 52 sqbg is the only stock that's hit the scanner i see that move on on kirk i'm not super familiar with it it's very light on volume as well you know so the high there is 1140 halt level's 12 15. it's i'm just not sure nice job on tesla for mike he took a short on that at the open so good job mike lxrx now has 2 4 six and we're on the seventh red candle in a row come on it's gross it's def it's down and it's ascending support line here but i just i don't really want to go back in for it you know i just i'm already three red trades on it it's below the volume weight average price sqbg volume weight average price is 9.85 so yes that's a curl there but it needs to do a little bit more for me to get into it i'm not a buyer yet i'm watching the pre-market levels it's the waiting game patiently waiting now it's going to be digging myself out of the hole on any trades i i get so i'm on the defense fsell selling off yep xpev choppy at the open same with tesla opt kind of a stock that although it's had a history making moves that more often is choppy bcl i hit the scanner there i'm not sure about that one now i don't really see a setup on lxrx right now opt you can see is getting a little more volume but it's got some big sellers on it [Music] tesla coming up to descending resistance and then a little red to green move there 62.50 is the spot that we want to see it's probably gonna fade because that's gonna be up ten dollars a share thank goodness mogo volume weight average price is 227 solo first daily account will make a new high would be over 645 we're looking for the momentum acb is a pretty large float stock uh over eight dollars is more interesting but right here i don't like it xti is easy to borrow i'm not sure what the float is on that so for me to have good trades and make decent money i need more volume it can't take big share size without good volume sure acb has a fair amount of volume but big float not a lot of range pltr a little higher priced volume is okay higher float as well put my horse hat on where's my first hat i don't know we'll see if this doesn't do it nothing well i don't know mike what do you think maybe rambo you know kind of likes what you're saying i don't know it looks a little choppy mike's asking me if i'm going long look at that see that's what i'm talking about did you get in i didn't get it i said i was i didn't i didn't no trades no trades look at that down five dollars a share what am i talking about that's that's what happens that's a false breakout like the idea but don't like the risk i just like the win no one compares no one complains about the winners it's about it's the big losers but yeah i mean i still would say that that level seems important maybe a dip off the v web i don't know let's look for something let's look for something that's more in my wheelhouse nice curling chart here but yeah not a lot of volume 6590 is the daily spot on tesla solo btbt hitting the scanners so yeah i see that um btbt is also easy to borrow and we're in a market right now where it seems like stocks are fading more than they're ripping so you know if it's easy to borrow i think a lot of people are probably probably in this market going to be hitting things to short side until we see something that really goes crazy ctib let's take a look all right so ctib you know i i don't know i mean the volume weight average price is 51 if i buy here i'm buying right into the v web i'm buying right into resistance i can't do that not in this market i could do that in a hot market to anticipate the breakthrough v-wap but in this market i can't buy it right underneath that level it's too risky looking for that clear convincing kind of no-brainer momentum so we want to see first pullbacks get bought up lxrx well i'm certainly red on it so that's what's wrong with it i've just taken a several trades on it um and i i can't i couldn't get green btbt i uh i'm watching it i'm order at seven you know let's see what it does i want to see it rip through uh seven dollars the whole dollar so there's 97 on the ass there's 99. let's give it a second watching adding a 97 there for the breakthrough seven bucks and let's see is it going to hold this level or is it a false breakout false breakout it's going to be a 600 loss for me manageable loss but 600 loss moving in the wrong direction going further red let me start turning it around but that's a six hundred dollar loss not six thousand dollar loss right it's 600 bucks it's okay and if it holds up if it gives you more opportunities i can always get back in opt high a day is 10 210. gevo i don't like anything about that chart that one's not even really moving and again as a reminder it only takes one i just have to be patient and try to keep the losses as small as i can while i wait for that one pltr is much more of a large cap i'm not sure if we're going to get the break on ctib yesterday's high on cbat regular trading hours was 11 40. it's at 9 40 now so it still has quite a ways before it's kind of really looking like a good continuation setup looks like we haven't had any stocks halted yet today btrs a recent ipo i don't have any of the details on the stock ctib through the v app or to the view app we'll see if it can hold above this level so first is it gotta break the volume weight average price okay it broke it there has a high of 55. now can it hold above it sqbg the volume weight average price is 51 so that's the level that needs to break so now we're getting a little action here on ctib now that's broken over the volume weight average price let's see if we can hold over this level the up is 250. 14 million shares of volume with a high of 60. 61 62 63 64. be next let's see if it keeps going where's the entry 65 maybe it breaks 65 and we're looking for a move up to 75 there's a good bid there that's 60. watching dips this is going to be the first one minute pullback so putting an order at the high there of 64. 63. i'll leave the order 64. looking for the first one minute candle to make a new high watch back over 60 there's three is it going to break there's four let's see what it does 66 so you know what that did more than i thought it would all right so this one with a high of 71 it's starting to show a little bit more potential first pullback got bought up right here so let's look at this look for the second pullback let's kind of wait give it a chance now that's proving itself and there's back to 55 so now this candle's got 14 seconds left on it and it's closing red that's a false breakout back below the volume weight average price yeah so sqbg the volume weight average price is 9.50 ctib the high is 71. so i would leave an order at 71. if it has the strength to get back up then maybe maybe we've got some more some more opportunity in it so ctib you know initially rejected that level but then back up to 64. so let's see what it does here through this consolidation sqbg over the volume weight average price that would be a strong breakout something certainly to watch if it can do it ctib has some sellers nice on sqbg through the volume weight average price there good work for anyone who traded it it's a spot where most people would be probably booking some profits if they were in from down here now does it hold this level the high is 66 just like ctib needs to hold the volume weight average price to give you the next leg up so the high is 66. if it holds that level you know then you're looking at a move up towards 10 if it can break 10 back to the highs pre-market highs high on that candle right now is 80. wait for the pullback let it prove itself so high that candle's 89 can hold the volume weighted average price so this candle has four seconds left on it with a high of 89. there's back to the half dollar testing the volume weight average price there's 57.70 i want to see if it can hold over the v web watching let's see if it breaks through 9 up here sorry 10. so first one minute candle to make a new high is going to be the setup putting an order at 1005. ctib is also still in play but the five minute is a red candle sqbg has probably more potential for a bigger move if we get a break here over 988 and then 10. 10 second you can see is consolidating through this area high back here is 75 let's see what it does over 75 there's there you go so there's a nice little pop did it can break 10 not yet or is it 1001 i'm waiting i want to see the proof that it can break 10. oh okay so it jumped without me high is 10 now is 10 18. adding a 10 18 and now i'm looking for a short squeeze on this we're going to add over 10.50 start to scale in watch this over 1050 adding right there 10.50 halt levels 1062 i think this is going to go into a halt now we're getting some momentum all of a sudden out of nowhere it squeezes through that level and that's capitulation first pullback watch for the ad adding right there at 37. so scaling in on this first pullback looking for the break on this now through 55.60 we've got our halt level at 88. so 60 is the spot that we want to see break watch over 10 50. this first pullback is super important we want to see the rip through 50 through the half dollar so now we're getting a little action on this i'm gonna hold through consolidation i'm going to try to ease on to it for a test of the pre-market high the high right there is 10.57 okay new order at 10 57. i just stopped out and let it dip watching here for a dip added 92 6 000 shares buying the dip now back over 10 25 of my next ad watching over 10 15. once these start to open up i don't want to let it off the hook this could be the one right it only takes one so this could be the one 10 25 watch over 10 25 adding there at 16 starting to scale in now for the squeeze up to 10 25 then looking for a retest of 10.50 10 45 is my next ad spot first one minute candle to make a new high is what we're looking at hi this current candle is 34. so once i get something i get dialed on real quick looking for the ad over 35 watch here through 10 35 then we're looking for a breakthrough 10 50. add in there at 37 27 starting to scale in here first one minute candle make a new high it's going to be 34. so look for that break we've got 31 false break taking a little profit i'm gonna let it pull back again i sized up too much to hold through this next pullback long 1006 spying the dip so catching a dip off the whole dollar of 10. now looking for it back over 10 15 10 25. there's 18 on the ask looking for the break of 19 and 20. adding right there 22. so you have a 10 second chart starting to curl up so we're looking for the break through 25 and then 35 40. are we going to get that retest of the highs watch this through uh 30. adding there at 29 so starting to scale in again on it looking for that first candle to make a new high my next order is going to be at 10 40. this is holding right now look watch 130 breaks i think we're going to see 40 real quick and then right back to the highs order is ready to add looking for that breakthrough 28 29 30 then 38 40 re-tested the half dollar looking at on dips watching adding at 08 buying the dip down there so i'll buy dips i'll accumulate on dips and then looking for the add through 40 then i'll be full size position on the breakthrough 10 50. adding right there going up towards not full size yet i'm going to add over 10.50 watch 10.50 adding there 41 scaling in now looking for the break through the half dollar halt level is up around 11. there we go there's 63. i'll tell you when you have momentum like this it feels night and day versus the choppy markets that we've had the last few days so the high that campbell there is 65 where's my new order go 1065. i'll put it at 1070 and i'm going to look to buy dips hi there 65. i'm up ten thousand six hundred ninety eight dollars on sqbg i don't think i'm done yet this will help make up for my loss on um lxrx so this candle was green which is good but it it did it was a topping tail hit a high of 65 and pulled back so now we've got four green candles in a row i think it i don't know i mean let's just see what it does here for a second meanwhile um ctib we've got a possible trade on this over 65 over the highs it's a five minute setup sqbg volume weight average price is in the 80s is it going to hold oh look at that flash man from 88 all of a sudden right back to 17. so i'm gonna just sort of i'm gonna let i'm gonna jump in ctib here i'm buying ctib for the first five minute candle making you high i'm gonna let sqbg sit and i'm gonna be adding on ctib through 68.70 target is a breakthrough 70. so watch up here adding their 69 scaling into ctib looking for a bigger move on this up to 75. they're 70. i want to see 73. they're 72 taking some profit on it not a win not a huge winner but a winner hi this candle 75 now first one minute pullback after a fresh five minute breakout is a dip watching adding at 72 buying that first dip now looking for the break over 75 on ctib and if this opens up we may get a squeeze up towards three dollars so look for the break over 275 that's the spot that needs to break watching 74.75 for my ad spot on ctib looking for that first curl here we go adding there at 20 at three looking for five there's five adding at five scaling in now we've got seven are we gonna get a little higher no and i'm selling it for right now at 73 about a three thousand dollar winner so i'll just uh have to come back to it for a move higher it should have immediately ripped up to 280 on that candle sqbg i don't like that it's a red candle there it's back below the volume weight average price we'll see what it does so there was a little flurry of momentum looking for a little bit more riot that's a cryptocurrency stock i see it's moving up quite a bit though the floats a little higher i don't know this is one to really consider but i guess if it can break through this level over five starts to look pretty good let's just see what it does it's not like it's going to squeeze into a halt the halt levels are ways out so here's you know again you you go back like two months and we're seeing stocks like this rip through the pre-market highs and we're talking about moves up to 13-14 this is not even breaking the pre-market high so i'm glad i made some money on it but like it's not really going up as much as i thought some of them would or have the potential to ctib needs to get back above 75. if it breaks that level you know again i'm looking for this to make a move up towards three pre-market highs it's a natural target vtrs so i i see those moves um it's a recent ipo stock what was the float on this trs let's also keep an eye to see if ctib it's got red topping tail though right now so just watching the ctib consolidation i'll keep an eye on vtrs we'll see if it can get back above the highs but that topping tail i can't buy into that right now waiting for ctib to dip down to like 65 for a pullback entry vtrs okay it's a big float yeah so ctib the high they're 75 looking for the trade through this level the current five minute candle is going to close in 15 seconds which will give us the first five minute candle to make a new high right here look for a move up towards three orders at 77 10 seconds left on the candle waiting for the camel to close watching adding right there 74 and 75 for the breakthrough looking for a squeeze on this up to 80. watching adding right there now looking for 85 watch over 280 for an ad adding there 80 scaling in so starting to size up on this one a little bit up to 35 000 shares 85 with my next ad spot i'm going to let it dip for a moment adding an 82 looking for the break of 85 looking for that acceleration as we get closer to 290 and then we start now add back adding at 85 46 000 shares looking for the rip through 88 and then a squeeze up to three 290s my next ad watching adding at 86 54 000 shares scaling in looking for that rip up through the highs i want to catch the break through 290 holding 8 000 unwinding it it's going to be a winner but not as big of a winner that rejection so gave back a little bit of profit on it stopped out at 77. high was 87. having a candle drop like that in 10 cents is just really hard i don't know i don't know what you can do about that i'm looking for the move through the highs through the pre-market uh free market highs so get back a little profit on that trade churning shares riot yeah okay so that was a nice pullback there from 69 up to 93. just only watch so many stocks at once but yeah we'll see so i'll keep riot on a chart dnk a pullback set up here we'll see if this one breaks start around dnk at 95 and then start accumulating on this one minute pullback for the breakthrough two and over 210 is an ad so watch dnk over two dollars hot levels 222. so i'm adding at 94. i'm kind of accumulating right here for that rip through two with a target of 225 so trying to buy the dip here i want to see it over two dollars looking for 215 220 lots of green on the level two which is good now it's not holding cutting the loss on it 1500 bucks needs to break right away or i'm out so i'm sitting red six thousand dollars on the day right now was never green by more than 1500 trying to dig my way out of the hole but needing to catch momentum i'm not seeing a lot of momentum right now aside from a flurry of you know one or two stocks but it's not holding dnk back to 99. so in this case i could have held it look at this thing now up to 210 and put an order of 210 if you can break that level halt levels 230. maybe it'll squeeze out early short sellers on this kind of surprise pop watching over 210 we'll see if it gives better opportunities here adding a 208 i'm going to try to give this a stab for a squeeze up to 225. we'll see if we gotta squeeze up for the halt level 215 is the breakout so there's 2 9 2 10 12 13 14. i'm looking for a ad over 15 for a squeeze up to the halt level adding at 13 right there sometimes these false break before they go so that's why you know i try to leave myself room to jump back in over 20 could be another ad for a squeeze through 25 watch over 220 adding a 218 right there so starting scale in here for a squeeze through 225. this one is kind of interesting i mean it's right back up all levels 233 i'm going to put an order at 225 for another possible trade i'm going to stop out of 215 and take my profit and i'll say i'll get back in over 220. i'm going to let it dip down so 10 second chart pulling back here we'll see if it can hold over two dollars solo is a little bit of a more thickly traded stock dnk is up at least 50 today so that one's got a bit more momentum okay watch this let's see if we get a move i'm going to put an order at 24 on dnk padding at 15 right there scaling in now for the break over 20. it's looking to me like we're gonna get the first one minute candle to make a new high adding there 22 now looking for 24 halt level is 48. when these start to open up over 25 is my next ad adding at 23 right there this one's moving next adds over 30 adding at 29 halt level is 48. this one kind of feels like just a one to hold on to for a second let's see if we get the move over 40. adding right there at 42. we can get the breakthrough the half dollar order is ready to add at 48 for a quick break through 250 watch right here adding 39 buying that dip now looking for a squeeze on this through 45 and a pop over the half dollar i'm thinking this is going to be one that actually gives us a bigger move here high on that candle is 47. watch this back over 240 as the momentum shifts back up i'm adding 35 right there adding 39 scaling in now for the move back over 45 and looking for the half dollar this thing is funny it's really strong tons of green volume all on the ask so my next orders 245 breakthrough 245 is my ad spot this is one that i'm just going to keep adding on adding their 41 looking for that squeeze through the half dollar back of mine target on this maybe we got to squeeze up towards three halt level is 266. so watch over 45 this one doesn't seem to want to stop one minute pullback is happening right here 45 is the ad spot 37 39 40. looking for 45 to add orders ready adding 41 adding 43 there's 44. are we gonna get the break through the highs i'm up five thousand dollars on this one right now should i lock it up i'm going to lock it up for right now and i'll put an order at the high to get back in which is 45 i'm going to watch for a dip trade off of 20. thank you for mentioning it dnk was not on my scanner but this ended up being a nice move well it's on the scanner now but it floats higher so thank you for mentioning it 64 gain uh 8.6 million shares of volume puts me up 1300 on the day so now to green on the day i'm going to look for another opportunity on this because if this breaks over 247 250 then i'll be looking for a move up to 275 260 275 this right here is where it should have gone it should have broken out right there so now we're on a pullback riot it's a little extended on the five minute here but there could be an opportunity on this one i'll put an order so it's ready to go at five any t e first five minute candle will make a new highs 87. dnk i'm i don't think it's done yet i think that this one because here's what i like about it this daily chart is so beaten up it's got room up to seven the 200 moving average so once you start to curl off the low sometimes you get really big moves and look at this this is popping right back up so this this one's still in play i'm going to leave an order at 2 50. riot high a day on it is 93 there could be a quick trade from 93 to 503 dnk wait for a pullback watching dnk i think dnk has a little more potential than riot long at 35 on dnk taking a starter down here and now over 51 is going to be an ad so i buy the first dip on that one minute kind of micro chart see right here our high is 45 so now 45 is the ad spot for the break through this level and we're looking for the squeeze through 47.50 so orders at 51 which gives me a little offset so look for the ad over 45. this one's looking pretty interesting here there's 41 on the ask and when i see green on it adding there 42 see we're seeing a big bid right there we see those big bids and that's what gives me the confidence i'm going to add again at 50 looking for the break through the half dollar on this watch 47 then 48 49 looking for 49 to add for the quick break through the half dollar target is 260. buying a dip at 43 so i'm scaling in on that dip now over 47.48 i'll go to full size for the break through the half dollar this one i'm not going to give up on yet because if this really starts to open up here we might see a move not just a 275 we might see a move higher can i do a dip at 41 yes adding at 41. scaling in starting to be more aggressive on it looking for that rip through 250 we want to see the half dollar break i'll hold through a pullback i'm looking for that retest through 47.48 half dollar 50. so putting my orders at 55 and 60 looking for the rip through those levels so i i thought it was going to break on that one it didn't i'll hold through this pull back let it curl up for the second attempt through the half dollar watching for dip trades buying 31 so scaling in on dips you know on this type of stock i just keep adding on it looking for that move up to 245 247 257 knowing that if we get the break through that level it's going to be pretty nice you've got big bids that are coming out on it which is good to see so we're looking for 2 48 249 250 quick rip through the half dollar there's a nice bid at 33. okay so looking for this back over 37 38 and then 242 43. looking for my ad i want to be full size on the break through the half dollar first one minute candle making new highs can be back over 40. there's 41. i'm just going to hold for a second with my order at 51. i want to get that trade through the half dollar and up into the 60s i think when this breaks the half dollar it's going to be a big break usually breaks of psychological resistance like this will be pretty good so let's look for 45 47. we've got 37 looking for 45. i'm gonna stop at 36 it puts me down 700 on the day but it's only a four cent loss and i'll add back at 51. that first one-minute candle right there should have and this right here should have gone back to 48 and it didn't so it's still on watch riot moving a little higher i'm going to let dnk pull back riot high of 13 14. i'm going to look for trades on this as it's moving through five i'm holding this level looking for five fifteen again one of those stocks that i kind of jump on the momentum so looking for riot over 525 530 we'll see if it starts to open up and move a little faster watching over 17 18 for ads then the breakthrough 20. hi that is 17. so watching riot here long at 11 buying the dip now looking for the curl up through 15 16 and 17. i'm thinking 520 525 would be first targets stopping at nine for a 700 loss i can get back in if it breaks back over the high of 17 so back to down 15 1400 on the day i was green but only for a few minutes dnk needs to form a five-minute bull flag it was starting to form one here but then it broke out a little prematurely so we'll see what it does through this level btbt is a maybe riot orders at 18 to get back in back in riot at 15 is holding up here looking for the break through 20. so it flashed there up to 17 18 and i'm in at 15. looking for the breakthrough man so we have to be a little careful on this one because now look at that 10 cent flush buying the dip at 05 we'll see if we get a pop back up to ten cutting it at three so now i'm down thirty seven hundred going back into red so this is where i'm sitting right now down 3700 red on lxrx green on s qbg it's been a red day for me and just trying to dig myself out of the hole i did get myself to green but not by a lot so a tricky day this week continues to be choppy but we did have some nice trades there dnk i'm up not 3500 i was at 5 000 on it gave back 1500 off the top on that one sqbg i did a pretty good job on it's just hard when we don't have really clean and clear momentum there's about 15 different stocks that have been moving but not one of them has been like really really clean or really really obvious riot is choppy ctib oh i made 2 800 on that that one was choppy now back below the v any te which i haven't traded is flushing down on that red candle we started to see a little bit of momentum on sqbg as it broke this level here and this is where things started to get exciting and then it kind of slowed back down i see candy eye my daily charts not loading on it for some reason i'm not sure why sbe switchback energy acquisition corp not totally sure what's going on with this one i obviously see it's moving you know these can be a little tricky as well it's higher priced it's easy to borrow they end up flushing back down we don't trade penny stocks so stocks below a dollar i don't look at sbe a bill gates battery stock that's interesting yeah we'll see it's at its all-time highs here but you can see that flush back to 2055. so rejecting that level no penny stocks i could consider below a dollar so i don't trade stocks below a dollar that's more clearer yeah i see an ndm but i don't know it's only up six percent fsl yeah yeah so i see that i think a question may be you know at what levels does this really start to open up do we get a squeeze through 75 up to 85 i'll put an order at 85. you know we need to see momentum like you know we would need to see this really start to rip so there's 75 on the ass there's 76 on solo 77 are we gonna get through 80 there's 78 i can't take big size on it until you know it has given a pull back and really holds up high there was 63 it popped up to 65 it did a little micro pullback right here and then broke over 65 up to 80 so that's 15 cents that's pretty good we know this is electric vehicle so that's the hot sector right now highs 85 need to wait for a pullback so let's wait for one red candle we'll see if solo wants to make a move up towards seven this is the one i had a pretty big trade on last week i don't remember what day it was but i did have some nice trades on it so we'll see dnk i felt comfortable taking big share size on because it's so liquid uh had big big bids you know was easy to get in and out solo i'm not sure that i'm comfortable with big size on it just yet and this is pulling back a little too much right now so just have to see um i don't really have a i don't know why momentum is a little slower these last two weeks um i mean it's just kind of part of trading that there's hot hot streaks and cold streaks i don't know that there's i i don't know that you can prevent them i think that it's to be expected and i think that one of the things that's really important that we'll talk about in the workshop at one o'clock and we of course talk about in the warrior pro classes is being able to ease off the throttle when it's colder and then ease back on when it's hot you know and if you're not doing that well then during cold streaks you're going to be losing more and more and more and more and during hot streaks you're not maximizing on the potential so you know being down at my most 16 000 today on lxrx was not great i really thought that was gonna be a nice trade and i was just totally wrong on it i had three three red trades on it so that's a little discouraging and i had to spend the rest of the morning digging myself out of the hole as i sit right now i'm still down 3600 3700. dnk nice move here stopped me out for 1500 loss on the first trade got back in and we ended up getting a squeeze up to 247 but i added for the break of 250 and then it stopped me out coming back down so was up 5 000 gave back 1500 off 1500 to start and then another 1500 off the top blnk this is another charging electric um catalyst here so this is one that um you know again in a hot market i'm always quick to jump on things like this as i look at it i just don't know whether or not we're going to see resistance and a fade so i have to be a little bit more disciplined not to pull the trigger too quick it's a double top of 1458 on the daily so that's the level it needs to break but when i look at this it's like whoa that's a 70 cent move in three or four one minute candles so that's what starts to get me excited because it's like okay this actually has some potential here that's a big move it's a question of will it continue and where's my low risk entry dmk i'm leaving an order at 250 so it's ready to go solo is doing a one minute abcd pattern here this five minute candle is green right now with 30 seconds left there's a 28 000 share seller at 80. if that seller breaks then you know we may have a a quick trade but to be honest it's it's already it's a funny spot to go along because even though you've got a one minute setup your five minutes really not set up properly way a lower price one 200 moving average is at 204 so in contrast to dnk the daily doesn't look as juicy for a bounce although i see it's up 25 cents and that's nice i just don't feel like i could really trade that very well i'm not sure what this stock is i'm not super familiar with it a little higher price again no interest in stocks under a dollar so i'm not going to pay attention to those beyond k from 48 flush down to 14 now back up to 14 30. so topping tail on the five certainly a candle of indecision there kndi another one that's starting to open up a bit so we've got three electric vehicle stocks right now candy i 27 000 share bid at 13. so let's watch this micro pullback and see if it pops up over 920 there's 917 on the ask adding a candy i would stop at about 12 where we had that big bid and looking for the rip through 925 so whenever there's a big bid i use that as my backstop so looking for this up over 20 on the one minute micro pullback here and look that bid just was gone so i'm in at 17 i'll see if it pops back up it's still a one minute setup but i wasn't able to use that as my backstop and i got to cut the loss now i'm down 5 300. so i've lost 5 000 in the last i don't know 15 minutes i'm sort of struggling here because i'm trying to find something to jump on and i just keep catching thousand dollar loss here thousand dollar loss there and just going further red from up 800 back to down 5700. so i think this is sort of where you know emotional trading sets in a little bit frustration sets in um you know i i don't want to give up i want to try to get green i don't want to walk away red that's a very common feeling but at a certain point you're just throwing more money out the window and it's you know the market's not hot when it's hot you know i can obviously do really well and when it's cold i don't do well and when it's cold and i just aggressively keep trading i just will have back-to-back losses like i'm having now so my last loss is um kndi riot riot so two losses on riot two losses on candy i you know moving in the wrong direction here solos red the market's telling me it's not strong and i'm not wanting to listen because i'm red and i don't want to be read and that's what a lot of traders deal with and one of the challenges with the market is that you know if i keep trading and i keep taking stabs at things it's certainly possible that i'll have one that gives me that move or something like kndi i say you know what forget it i'm not selling and it drops down to 96 and then here we go and would be back to break even if i'd held the whole thing so that would be giving me a positive reinforcement for holding and hoping which in this case i mean is never a good thing but in this case would have worked i see solo moving a little higher i see candy eye moving a little higher the solo five minute chart with that red doji i don't like so that is a sort of premature breakout on the five minute chart way again i agree that's a nice move but you've got your 200 moving average right here so that's in that's running right into that resistance pxs halted going up but it's cheap kndi you know i took a 1500 loss on it or whatever it was down um in a thousand fifteen hundred so there it is i'd be up ten cents if i'd held this but i can't get back in up here it's too high so i had the right idea but it stopped out so on the 10 second chart it flushed down and then ripped back up so i had the right idea but i was i was early right by like a minute so it's not enough to have the right idea you've also got to have the right timing high is 1449 there on blmk so are we going to get anything anything exciting here that's the question looking for momentum to start to pick up something somewhere to show me some signs of strength dandy i i'm not sure i want to go back to that one i'll say it's a maybe kodak seven dollars up to 750 daily chart if it can break through 750 has room to eight put an order at 760. and see if it breaks through that level 755 760 maybe pxs i sort of doubt it's going to do anything on the resumption it's not really my cup of tea so yeah so you can see pxs actually gap down a little bit on resumption high on solo 694 well i just don't see anything that looks good i just don't know that we're going to see any clean momentum today we had little bursts of it but nothing really strong and lxrx kind of set the tone unfortunately today just being this um you know pullback so i think it's probably going to be a red day recap for me i just don't think i'm going to be able to get get myself back to green seems very unlikely kodak yeah also half dollars spot there plug you know i haven't watched that one super closely um you know it's obviously moved up quite a bit in price it's just it's a slightly higher flow it's a little bit choppier oftentimes and i just haven't found it to be one that's easy to trade so i don't know you see it hitting 200 moving average there i don't see anything on that i really like kndi well you know i i took one loss on it down here at 20 and up here it hasn't set up it hasn't given a new setup so there's no setup on it right now and you would need a five minute pullback but since it went from 840 up to 940 by the time it gives us a five minute pullback you know it might just end up fading i'm just not sure that we're going to see it the five-minute pullbacks it's going to be too extended up here it'll be way too risky to be a buyer up there it's just too high spe um this is a pullback that doesn't look that great right now riot yeah so i gave this one a couple stabs up in this area obviously and then we got that false breakout right there which is not a bad setup but it didn't work yeah i see blnk again it's just and candy eyes going a little higher up to 55 56 it's probably a top reversal if i was gonna guess just seems extended and pull up kodak yeah so kodak the half dollar is the spot that needs to break see that okay i see that curling up there again though it's got a good ways to go before it's really exciting because of you know how much it's pulled back after yesterday's move so i just don't think that one's going to be a good one for me now excel now there's nothing too exciting on that one the momo scanner that definitely tells a little bit of a story today just seeing that there's not a whole lot that's hit it a couple flurries of momentum this is where things got exciting on sqbg but it was not able to hold those levels of the volume weight average price and it came back down i did make 10 000 on it but it just didn't hold that level uh dnk let's see so it needs to get back above the volume weight average price it had a chance through here to curl back up towards 240 and it failed but a nice move from 1.60 to 250 all things considered i only made 3500 bucks on it ended up buying it a little too high on a couple of my trades yep that's a big green pop there from eight dollars up to 860. i agree you know that what's the high day 880 what are our what are our daily levels um well we've got room up here to 909 but we'd have to break through the high of 882 so i would say have to wait for some type of pullback on this i haven't traded any te yet today traded just about everything else but not this one kndi there's that reversal off the top so got that top reversal there no shares available to borrow for me kodak over 750 is still worth watching n-e-t-e high is 82. so that was a micro pullback right there at 69. orders at 82. let's see if we get a break through the highs there's some risk of a double top but if it broke through 82 and squeezed up to 85 90 then that might look better so there's 75 on the ask see if this gets over 80. up eighteen percent with two two million shares of volume right now over nine certainly looks better on the daily dnk again like i said until it gets to maybe over 2 30 2 40 i probably wouldn't go back for it but i do have it up on a chart over on the side there's nte hi there is 89 so nice nice move there from eight big pop back up towards 89. again if it can get over nine dollars on the daily that's where it starts to look a little bit more interesting uh hit the scanner there because it topped at 89 so through the double top but not holding above that level yep i see dnk curling back up light volume a little bit but if it starts to pick up over let's see so you've got this level here at 26 that broke and then you've got another level up here at 42 and then 50. so those are your levels to keep an eye on it's a bit of a funny one i would say it needs to certainly hold above the volume weighted average price yep we have our class at one o'clock kodak over 750 would be the spot break through that half dollar this is a bull flag right here i'm not sure it's got really that much potential on it any te back down at 550 kndi curling back up a little bit the five minute is kind of extended dnk is holding above the volume weighted average price but the high was 28 it's now back to a low of 15. so pulled back about 13 cents off the high of that move nothing on ctib on cb 80. um yeah those kind of moves are tough that's that's tricky it's hard to anticipate those kinds of flushes and dnk dropping back down as well so i think that's going to do it i don't think i just don't think i'm going to get green today i just don't think i'm going to have a chance we would need momentum and we're not seeing momentum you know any te sure if it gets over nine and squeezes up to 950 960 all right that that could be a good one but for me to make five thousand dollars six thousand and get back to green it's just not i just don't see it happening so as i sit right now i'm down six thousand two hundred and ninety seven dollars biggest loser was on lxrx biggest winner on sqbg but i just i never went green by more than like 800 bucks today and i'm back down in the red here so it's kind of incredible how it feels with trading sometimes the faucet is just turned off with momentum that we you know one day we'll have incredible momentum and we'll see you know stock like sqbg rip through the volume weight average price and go not just 10.50 but to 11 to 12 break the pre-market high go up to 13 14 and it feels on those days that trading is so it feels so easy because you're just seeing stocks left and right going up but right now we're seeing a lot of chop a lot of stocks failing like uh sqbg to break its pre-market high same with ctib both had potential and couldn't do it and then you have stocks like nete that you know do these kind of dramatic fails and then all of a sudden right back up and where do you buy that you know is it you just it just there's not a lot of volume on and only 2.6 million shares and it feels like it would have been hard to predict down here that would have been the spot but in fact in this case it was so the thing that i struggle with the most is just saying i'm not going to trade today and today the biggest problem was that on lxrx i went red right away by sixteen thousand bucks i'm down sixteen thousand eight hundred and fifty five dollars on lxrx so i dug myself a big hole on this trading bigger size because i thought it was lower price but the next thing you know forty thousand shares 30 cents it's a 12 000 loss and we got this just you know kind of nasty start first candle make a new high it ripped up couldn't hold and then seven red candles in a row or whatever that was and of course here you have any t e you know these ones are sometimes add um insult to injury because it's like man so this one could have been the one but you know i don't know you give them enough stabs and eventually you'll find one that that works but even just looking at the level two on it you get seven fifteen seven oh sorry it's a 9 15 9 22 i just don't know i i just have such a hard time walking away when i'm red i want to keep trading get myself to green i am glad that i recovered more than half my loss today that's good uh i did get myself up 800 bucks and then i started going back in the red um i was down 1500 then 2500 then 3500 then 5500 and now 6200 and i just i'm i'm moving too far back into the red and even if i had one trade here that's like a small winner and i'm up like three hundred four hundred dollars that's not going to do it i i in order for me to really start making in earnest like a dent in going green i would need to be catching some two three four thousand five thousand dollar winners in order to do that i'm gonna need to trade with ten fifteen thousand shares and if those trades go wrong let's say i buy 10 000 shares of nete you know let's just say right here at 22 let's just pretend i'm in for the first one-minute calendar to make a new high well there's 907 on the bid i'm already down you know 1500 bucks on the bid so that's where you know we start to um you know move and move in the wrong direction and very quickly can have losses start to snow snowball so nobody likes red days but they're part of trading and i think one of the biggest things is preventing red days from just becoming bigger bigger bigger bigger bigger and so from down 16 000 i recovered all of it and thought maybe i actually had a chance at maybe getting to the daily goal and then i went back to red so i'm down 6 000 uh was up yesterday 5700 i think it was or maybe 6 700. so yesterday and today cancel each other out and you know i guess we'll we'll just kind of have to you know hope for better momentum in the coming coming weeks and months my trader view stats here so i haven't imported um yesterday's trades yet but there's six million dollars in profit so you know that's nothing to sneeze over um 91 000 on the month 70 accuracy but my average winners have been small and my average losers have been about the same as they were last month but the problem is that my average winners have been small so average losers of 2 400 each that's okay right now but my average winners have been a lot smaller because we haven't had you know it's just been a lot of these kind of false breakouts that are small winners not a lot of big winners and that's been a bit frustrating so last month i finished up about 800 000. this month i'm up uh only 90 000. so this is actually my worst month here in about six months but when your worst month is six months is uh ninety thousand you can't really complain too much i will probably still finish the month up well over a hundred thousand and if we have a couple of good days i'll get myself up to 250 300 or maybe 400. my best day this year is 225 000 in one day but in order for me to have a 225 000 a day i need some serious momentum i need a stock like this to break through 950 and rip up to 12. i need multiple dollars per share of momentum and today our biggest moves intraday sqbg from nine to ten a dollar fifty a share kndi a dollar a share um dnk about 50 cents a share you know and so pulling ten thousand dollars of profit on sqbg given we only had a dollar a share it's not bad knowing that when we have a day where we get four or five dollars a share that's where we're talking about two hundred thousand dollar uh you know or at least a hundred thousand dollar day maybe 200 000 a day it's just grinding on those small numbers in the interim and sometimes it is one step forward one step back so i'm back to break even on the week whatever come in tomorrow uh or actually i guess i'll be right on the week with commissions but in any case you know right on the week but again one good day that puts me right back in uh great shape on the week my daily goal is 10 000. my daily average this year has actually been quite a bit higher than that um let's see my daily average actually in october was 37 000 a day that was my daily average in october so it's just days like this that realistically being down 6 000 it's like financially means almost nothing emotionally it means a lot emotionally today's a day where i did not achieve my goal today's a day where i did not get green my goal is to be green every day i mean that's not a realistic goal unfortunately so i should adjust that but you know i i tried to get green today i tried to make money and i failed at that at that kind of gold so that's where emotionally the six thousand dollar loss is much worse than it is financially and unfortunately with trading it's almost impossible for me at least to fully separate emotions from you know the actual trades as much as i might try there are i think it's a unrealistic standard to say i'm going to be a robot in the way i trade and i'm going to be completely emotionless because when you have a day where you lose 16 000 in your first five minutes like i did on lxrx it's a punch in the face and there's an emotional response to that it's a frustration it's a disappointment in yourself why did i take so much size that was stupid i should have cut it sooner you know blah blah blah and then there's that feeling of loss that you have and now all right i've got to start digging my way out now if i just start throwing you know shares at the wall i'm probably going to double my loss and be down 30 000 on the day if i can find some momentum and i find some really good setups maybe i could start to get myself you know into the green and maybe i maybe i can recover half my loss and start to move in the right direction but i'll tell you even yesterday i was up 13 000 at the best point in my day and i finished the day up only about 6 000 and i felt frustrated you know the difference between six thousand and thirteen thousand is basically meaningless for me at this point compared to what i've made on the year but the feeling of loss of i was up this amount and now i'm up only this amount and despite trying i couldn't get back to that is you know that kind of feeling of you i think there's a competitive nature and then there's just that feeling of loss that i've tried to do something and i i failed at it and i have to just sit with this emotion that's probably one of the biggest challenges because you're when you're read whether it's on the day the week the month the year whatever it is you're holding over your shoulders you're kind of holding this um this weight this disappointment a little bit in yourself and so you know the whole time you know every day you come in you sort of have this this burden this weight and it's just it can be very hard to uh you know fully separate yourself from that and so it can happen on an intraday basis it can happen on a weekly basis it can happen on a monthly basis it can happen on a yearly basis for people where it's happening on the yearly basis if you're read on the year um that is extremely frustrating i know because i've had red years and it's a full year showing up you know monday through friday every day and it just you don't have anything to show for it but what you're not gaining in p l you're certainly gaining an experience and if you're working to improve your strategy and become better then it's not for nothing it's part of the journey but for me i even on such an intraday basis during a cold market i can try as hard as i can and i just can't get green and then on in a hot market it feels almost effortless to be you know ripping 25 30 40 50 000 green days at this point and it's a lot easier to trade when you're you know swimming with the tide or trying to swim against it and today i was swimming against it the whole day first i dropped down 16 000 and then i was the tide was still going out we were still seeing lots of choppiness but i was like i've got to try to get back some of this loss i can't sit here down 16 000 bucks so you know this is the challenge and this is you know one of the reasons again the day trading is so so risky and why so many people lose so it's a great time you know just to reiterate that it's not it's not just because you know it's not it's not always a strategy issue you can have a good strategy you can be trading the for instance the exact same strategy as me a verified profitable strategy one that you know over the course of years has produced over six million dollars in profit is it the most profitable strategy in the world no are there people out there who in the same period of time produced 60 million sure i'm sure there are whatever but it's a profitable strategy but that's alone not enough you also have to have and maintain the mindset and being able and we're going to talk about this in the workshop being able to ease onto the throttle when the market's hot and then quickly ease off when it gets choppy i struggle with that so much because when it gets choppy usually i incur losses you know and then i'm like okay i'll stop trading so you know what today i'll stop trading when i'm up five thousand dollars well not five thousand i'll stop trading but i'm not gonna stop trading now down six thousand you know that's that that feeling so it's like oh yes it's choppy yes i know the market conditions are terrible and i plan to stop i don't think today is going to be a home run but i'm not going to stop till i'm at least green because i'll feel so much better about myself when i'm green so it's that kind of the way we internalize the feeling of loss that man i'm red that means i'm you know sucking at my job or i'm you know not doing a good job or this is you know this is just whatever whatever you think about yourself or however makes you feel for me when i'm red i'm frustrated myself i'm disappointed in myself i don't know why i expect to be green every day being read 6200 is not a big deal and yet the difference between being read 6200 right now and being green 6200 it's so much more than that ten thousand dollar swing twelve thousand dollar swing it's it's how that being green reflects on me it's that today is a green day today's another day where i came in and i did what i was supposed to do was the home run no but at least it's green you know i think we probably a lot of us have that worry of you know is there going to be a time where the market just you know really cools off or is this the is this the beginning of the end and i mean you can look at my metrics here from um from years of trading this is 2020 right this is 2019. i mean we're talking about years of every single day i have right here this was a scary period three red days two green days three more red days one green day and another red day i mean it felt like the sky was falling in that moment and i recovered and then back here in october this was not fun and then i recovered you know go back into 18. really difficult stretch in here but that is the way trading has always been it's about the ebb and the flow you're going to have big green days you're gonna have some big red days and i don't handle them as well as as some people do and that disappoints me at times you know i definitely trigger get that emotional response trigger where i get angry i get frustrated and then i don't want to throw in the towel i know i should but i'm just going to keep fighting it you know stop like kodak here as i see it squeezing up it's like you know what screw it i'm going back in and i did that yesterday on cb so yesterday on cbat i finished my live trading uh whatever did my um breakdown did the youtube did the stuff in the chat room and then went offline and i went offline after having gotten stopped out on this drop on c-bat right here and i was like you know what that's ridiculous i'm done i'm done i walked away for like two minutes looked back and here it rips back up to 8.90 micro pullback and i said you know what screw it i'm going back in back in here false breakout now damn another loss got back in right here okay back into the green micro pullback okay here we go here we go another drop are you kidding me and then and then finally and it was just like at the end of it i was like you know what man that wasn't really worth it i just got myself so frustrated that you know what i made on it uh it just it wasn't really worth the sort of i don't know the emotional burden of i really shouldn't have traded there i kind of broke my rules and i did it anyways and you know this and that so uh you know and for those that say well we worry about being red you know you you know you make money you run more your trading you know i've got real estate i've got long-term investments for me everything has to stand on its own my trading stands on its own it has to so you know my swing traits have to stand on their own my day traits have to stand on their own my long term stuff has to stand on you rationalizing that oh well you know i'm still green on the day i guess if you figure in you know the dividends that i got today that's that's rationalizing losing that's not going to work i'm going to be honest if that's that doesn't work for me everything has to stand on so so individual days there will be individual days like today where i'm red i'm at 6 200 bucks and it's not the end of the world it's fine but i'm not gonna um you know get into rationalizing that my experience of feeling the need to be green or the emotions that i go through um are maybe any less than any other trader or that um somehow it's different for me or for other traders who have multiple sources of income it's not you still have to be profitable as a day trader you still have the same pressure in your day trading account to produce profits you can't just write it up i mean you know mentally write it off against income somewhere else even if you could do that from a tax standpoint it's a loss is a loss and i think the pressure that i have is probably perhaps even higher than uh than other people just from the sense that i've got thousands of people looking at me every day so and then again it's not to say the pressure of being successful isn't very high when it's your rent that's on the line and you have to pay these bills and you need to make ten thousand dollars this month to pay these bills because the pressure is really high there but is it is it different i mean yeah it's different but pressure is pressure so if you have pressure you have to develop skills of coping with it and so of course we talk about that in the classes and we've been talking about a little bit here today just because this was an instance of a day that uh i think i got frustrated early on and had to be aggressive to try to dig myself out of the hole got myself out got myself green like 800 bucks and i knew i was still red after commission so i tried to keep going green try to get myself you know further up and that's when i had two losses on riot lost three grand on it so then i was from up 800 down 2700 took a trade on um what was it kndi and a couple others i think you know and so just like that now i'm at a point where i'd rather close the day down six grand and just say it is what it is then close the day down 15 grand and be back at my lows so that's where i'm going to finish today it's 11 30 i've traded a little longer and you know run the recap i guess a little longer than i was planning on but in any case that's fine this is the way it is today overall market take a peek not too much going on there these you stocks again certainly keep trading but if you're red like i am you're going to continue to expose yourself potentially to unnecessary risk the longer you trade and the market's clearly choppy today so maybe tomorrow again i'd like to say that i would just sit on the sidelines and not take anything no trades i would have been better off today not taking any trades even though i would have missed the ten thousand dollars of profit on sqbg it would have saved me the losses on everything else so you know i would have been better off just sitting on the sidelines today tomorrow will i have the same feeling to just sit on the sidelines i don't know probably not i'll probably keep trading but maybe i can stick with smaller size because we are in a choppy market right now and until we get the next pockets um you know like apvo that does something crazy is probably going to be choppy apvo is what star the last round of momentum as this thing squeezed from 6 to 60 bucks with an after hours high of 85. that triggered a lot of fomo in the market a lot of momentum so we're waiting for something like that to open up on day one it's going to be a stock that goes up 100 intraday and holds its levels on day one we might have a lot of choppiness but one stock kind of starts to shine through the rest and it could have that could happen uh dk dnk maybe it you know it kind of felt like maybe it was starting to open up for a move up to 265 270 283 but you know pulled back so but that's how it's going to start it's going to be a day where all of a sudden something starts to open up and um other stocks are choppy but traders start to congregate more and more on the one stock that's really showing potential and then uh either that one holds up for a second day or just because it was so strong on the next day uh when you start to see one that's obvious people start to get more aggressive on it and that's going to be the beginning of the tide changing sometimes the tide of momentum changing is very obvious and it's like you can see this is the moment it happened and other times it's a little bit of a more gradual shift from choppiness to a little bit more strength to a little more to a little more to a lot and then slows back down so i don't know we'll see but these are the cycles of the market it's how it's always been as long as i've been in uh the market which is i guess almost 10 years now and i i don't see that changing so that's an important thing to remember to have faith in your strategy so you know the the me of six months ago that had 225 thousand dollar green day that's the same i'm the same person right i could have a 225 000 green day today if the market provided me with those opportunities that's the strategy i have it's a very good strategy when the market's up when the market's cold it's not a great strategy if you're trading in the cold market your alternative strategies you can certainly focus on more options strategies you can for focus on more swing training strategies you can try to focus on trading more to the short side but the fact is even short sellers are going to make more money in a hot market because there's more volatility so if we don't have a lot of volatility you know you're still going to run into frustrations trying to short stuff so we need that volatility and in the meantime you just have to kind of try to hold tight all right so that's it for me i'll see you guys first thing tomorrow morning um for um for most of you but for some of you who have registered for the workshop i will see you at one o'clock so i'm going to grab a little bit of lunch and i'll be back at one o'clock for that workshop all right i'll see you guys first thing tomorrow morning or at one

Channel: Warrior Trading

Views: 102,519

Rating: 4.9411764 out of 5

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: 0WWM4BQGD-c

Length: 174min 36sec (10476 seconds)

Published: Tue Nov 17 2020