WIMI and WAFU +35k Live Day Trading on WILD CARD Friday!

[Music] [Music] all right good morning everyone i hope you guys are all doing well so uh here we are friday end of the week i can't believe it it's been a fast week it's gone by quick so leading gapper wimmy w-i-m-i um not really familiar with this stock float six million shares it's kind of squeezing up here a little bit uh i'd say it's one to wait for a pullback on it's a little extended where it is now looks like all-time highs are at six um i wonder if this is one that did a stock symbol change it is easy to borrow at light speed so you may see some shorting on these kind of upticks it doesn't have short sale restriction does anyone know if this was a stock that did a symbol change it was reto the current high is 70. yeah td ameritrade might be hard to find borrows on these types of stocks float let's see i actually show the float on my other data feed at 59 million shares so i'm gonna guess the trade ideas is wrong on the 6 million share flow but that doesn't mean it doesn't have potential still a somewhat recent ipo um it might be one that i would um kind of let's you know see if it does a red to green move or something like that this right now technically is a one minute pullback with a high of what is that 8.70 so by no says he's trying to place an order but credit card got denied okay well um if you email or reach out to our support team they can help you with that so there's a squeeze a little higher 74 75 so the current high there 75 over 75 could be a trade we'll just kind of watch this for a second it's got blue sky yeah no upside resistance so i'm gonna put an order at nine dollars i'm gonna go along here for the break of nine looks like it's kind of ripping higher so i'm just gonna try to ride this uh momentum a little bit put a new order at nine ten over 910 could be another trade there we go let's just watch this for a second so tap 9 9 15. so i'm going to put my order at 9 15. if it holds 9 i'm buying right here trying to catch this bounce off of nine it's holding nine dollar support there's a ten thousand share buyer there so now i wanna ride this momentum up to nine twenty five so watch over nine 18. now it's starting to open up a little bit more so we'll see if this squeezes a bit higher stopped out at nine for right now i'll let it dip down and let it form the next one-minute pullback so uh eighteen hundred dollars there twelve thousand shares we've got 10 million shares of volume it's got some good volume that's for sure 10 second chart showing this micro pullback so it did double top right up here at 15. so according to sec filings this has a float of 20 million shares so that's not too bad so it dropped below nine and then came back up above it i'm taking a starter back in at 905. because of that 10 000 share buyer and the high is 9.25 so 925 would be my next ad spot for a squeeze up towards 9.50 so still holding full size looking for the break at 9.25 to add a little bit of consolidation here so although i could have sold and taken profit i'd rather hold for the bigger move and then add as it squeezes a bit higher so nice pop there up to 25. so i put my new order at nine uh 9 30. give it a little offset first one minute candle to make a new high is going to be over 22. sold again break even there at nine so a break even trade i could have taken profit on it i was holding for a bigger move but one of the things that's important at least in my opinion is at least setting a stop and break even so if you get stopped out break even uh well it's a bummer getting lock up profit but actually i lost 200 on that trade so i'm up 1600 on the stock now so let it pull back high is uh now 9.25 so hey you know a little bit of profit it's a good start so we've got 22 minutes to the bell thank you guys who are tuning in with me is our leading gapper up 133 and it's got blue sky it's got no upside resistance um from six dollars it's got nothing so that's that's good um you've got a headline here about uh the 5g stuff so you know i think that that's interesting but more than the fundamentals of the headline i'm looking at the technicals i think that it could have some more potential in it but it is now pulling back a little bit off the high of 9.25 so captured a little profit i thought it might squeeze up a little bit more than it did but you know i'll take what i've gotten and look for maybe the next trade it is easy to borrow at light speed so i guess i could have flipped short on that but first one i mean it can't make a new high would be 94 but now we've got four green candles in a row so let it pull back for a little bit um maybe we'll see if there's something a little closer to the bell on a five minute setup that is more trustworthy all right so second leading gapper well that's actually only 30 shares of volume so we'll skip that psv is a little on the cheaper side i do i do like to watch these ones because sometimes even though they are a little on the cheaper side if they break through one dollar you know then we can get that squeeze through a dollar sometimes multiple halts in a row and sometimes you get a move from you know up to like a dollar i don't know 20 30 40 which is a nice 20 30 40 move on a cheap stock but i'm not that interested in psv as it is right now reto right okay so this is another stock that's gapping up a bit high was 224 interesting so we've got a catalyst there all-time highs on this stock are looks like eight or nine dollars twelve dollars hmm not sure uh nasdaq test stock let's test stock matt matx is a little expensive and the float's a little higher waffu we've traded this one before the last time i had this huge move from eight all the way to 16 or 15 uh pulling back now it popped up a little bit looked like after hours i don't see news on it let me just check my other headline here oh this this is just my um this is my cactus this is my cactus sweater it brings good luck and i'm already up sixteen hundred dollars so it seems to be working well today let's see so waffle now i don't see a headline on waffu you can make the candlesticks bigger if you want on light speed let's just resize it as you'd like so wimmy now has pulled back to 68 sort of a double bottom here i'm watching here the low is 66. so i i did get a partial fill there but it's the first one minute candle to make a new high it's not set up you really want to chase high is 89 of that one minute candle so i'm gonna see if this breaks over 89 maybe for an ad all right adding an 86 i want to see if this retests nine dollars high is 90. i didn't see 914 but taking a little profit at 92 we've got a partial fill we'll see if the rest executes yeah jax is a reverse split we can look at that in a second so i would say now on with me i would set my stop at breakeven of course livestock orders don't work pre-market the low this pullback down here was 66 watching i might do another i'm going to add at 68. and just added there at 68 for a bounce off this flat bottom so what i'm looking at is the fact that this is holding support there in the 60s so it didn't really change my cost basis because i was already in around that level i just added back what i had taken profit in the 90s so trading within this range taking profit off the table adding back i'll look at waffu again in a second so i sold the rest there at 70 for now for a small loss it looks like it's coming down a little bit more than i was wanting that's okay though uh back to waffu yeah i don't know this is a i see that certainly on the gap scan does anyone else see a catalyst watching china-based educational stocks following headline of beijing closing all schools wafu ted you okay so it's a it's a catalyst more tied to a larger headline the high there is 60. i'll take us mom let's just see what this does um i was going to say 60 but the high is 80. maybe i'll put a new order at seven dollars yesterday's high was 7 40. the volume on it is still pretty light so what's the height of this candle 86 90 so i've got an order at seven i'll move my order to 750. this is going to climb pretty quickly up to the top of the gap scanner yesterday's high was 740 so if it can break that level then you know i like the idea for look at this this is the thing this is now up a dollar a share so i'm going to watch for a pullback orders at 8. watching for the break of eight let's see the high right now so this is a micro pullback adding there for the break of eight so i'm going to try to ride this up to 8.50 because now we're seeing a little bit of momentum picking up here there's a 12 500 000 shares of volume on it now so volume is picked up a bit it's up 63 percent we've got the china catalyst are we going to get 850 there's 37 10 000 share seller taking a little profit off the table and i'm going to watch to do a dip let's see if it holds eight dollars so i want to let it dip down for a second and get actually a nice micro pull back jack again it's not actually gapping up that high because it's a reverse split so waffu will it hold eight dollars moment of truth here selling watching i'm back in at eight just added at 808 buying that dip i saw some selling going through and then i add on the dip and the high is 844 so over 840 850 is an ad so watch up here for the break of 839 840 watching so this is right now one minute pull back underneath 850. so 844 835 to 844 would be the spot where i look to add and then try to ride the momentum up towards nine watching some green orders going through there here we go adding right there for the break through the half dollar so there's 47 i got my fill at 35. so will it break 850 really should have broken the half dollar there but i'll give it a second on this first pull back to see if it can come back up and break through that level sold the rest of it at 820 i'm going to put a order to buy a dip on this i'm gonna watch maybe off of the v which is 761. waffu is one that i've i've traded in the past i've had some good trades on it but i've also had some bad trades on it so it's now our well it's up to 60 56 percent so still watching wimmy but also watching waffu here so 62 is the v wap so i'm doing a combination of pressing shift one to buy it's got 1.2 million shares of volume so it's not no volume it's not as much as wimmy but it's not no volume and it's high relative volume what was the volume on it yesterday 1.3 it's already tied that and it's 920 so that's high relative volume which is what we look for the increase in relative volume is typically a result of a catalyst and in this case it's a sector-wide catalyst on china school close closings high is 52. so we still have 10 minutes to the bell we can see whether or not this holds this level coming into the open it kind of you know it did break down there down to 82 so that showed a little bit of weakness wimmy the v web is still a spot i would watch so of course light speed and a lot of brokers will let you trade pre-market so i can use my hotkeys and trade pre-market just the same as i can during regular hours excuse me the only thing that doesn't work are stop orders so i have to manually press the cell button if i want to stop out you know or in other words bailout that's the only thing that doesn't work everything else works the same so the low this last pull back down here was 82 so let's see what it does on this because now it's pulling back down right so is it going to hold support in the 80s so there's a some sell orders going through there at 90. and market orders don't go through you're right you have to use limit orders but i don't use market orders in general so that's fine i want to see if this is going to break 790. so i have a starter there at 85. i'm trying to buy the bounce off the v app and i'm going to put my order at the high here of 22 to add so watching over 822 this the view app is right down here in uh 868. so this is pretty close to bounce off the v web the first one minute candle will make a new highly back over 805 ordered 822 to add hands on the button i haven't added yet i'm waiting for 8 20. this is on wafu watching here i'm adding there so i'm seeing volume coming in so i'm going to go ahead and add and what i'd really like to see is a squeeze up to 45. so i'm going to keep my hand on the buy button to add at 40. adding right there at 44. i'm looking for this to squeeze up through that half dollar and then my back of mine target short sellers get squeezed out we see a squeeze up to 875. so watch this over 8.50 i've got 38 on the ask there's 40 45 i want to see 47 48 we want to see this squeeze through 850 and then up to 875. so on this dip right here i'm going to look to add and then catch the break over 850. so watching right here adding at 37. so what i'm doing is i'm buying this dip so on the next pop in the retest of 850 i can catch the trade through that half dollar so we've got 38 on the ass 39 there's 40. there's 41. there's 43 there's 44. i want to see 45 50. my cost basis is 809 and i'm holding uh 4 400 shares right now so this is a one minute pullback underneath 47 the half dollar really wish it had broken that level but now the first five-minute candle to make a new high is 47. let's see what it does at eight if it holds eight support because at least now it's stair stepping up on that last one minute candle that's squeezed up to 47. watching down here for a bounce off eight as long as it holds eight dollar support i sold the rest at eight thirty eight uh sorry not thirty two thirteen going to switch here for a second to wimmy because this is going to give us the first five minute candle to make a new high over 840. so i've got a starter on wimmy at 34 for the first five minute candle to make a new high and i'd like to see a break of 850 so i'm gonna put an order at eight dollars and fifty cents so i can add at 46.47 and then ride that momentum back up towards uh 875.9 this is a nice kind of switch gears back to wimmy while wafu is pulling back a little bit so the high that candle was 48 so we're looking for the break over 8.50 and then squeeze up to 868.70 watching with me looking to add over 45 adding there 44 to the break of 45 46 a little choppy 39 on the ask 34 on the bid i sold it 40 and for n35 for a small profit actually that was probably a loss well that's okay it was because i added at 45 i was looking for the breakthrough 8.50 so wimmy already this morning has been a little on choppy side a couple break even trades on it a couple small losses uh waffu a little bit of a sharper pullback there and it broke the v web the low is 42. so we'll see if this pops back up now that it's holding the half dollar there's 74 66 not bad so gosh oh my goodness we've only got 30 seconds to the bell so we're trading kind of here right into the open i didn't even realize how close we were to the bell of course we're in a market where we've seen some really good action so let me put up my a disclaimer here as a reminder um do your pre-training checklist gee well sleep well do you have a couple stocks on watch that you like if you do what's the condition of the overall market and remember don't blindly follow me or anyone else you need to understand the strategy if you're just blindly following you're going to lose money it's just not a way it's not a recipe or a path to success so i'm going to put an order on wafu so i bought wafu there at 88. i'm looking for this to break over eight dollars and i might do a dip trade on it as well so i'm going to let it pull back for a second seems a little sluggish here so i stopped out of waffu for now and i'm gonna look to do a dip trade off of maybe seven and you can see also that uh wimmy is pulling back a little bit starter at 32 we're going to add over 50 adding there 50. now i'm going to give it a chance to have its second return back up towards the high sold uh almost all small small position i'm still holding next pullback double bottom would be 23. so i'm going to give a chance to pull back again nice move on spaq acquisition company it's a little higher priced high is 18. those ones can be a little risky so waffu wimmy wimmy has a high of day of 8 20. waffu has a a little pullback here waffu is underneath the volume weighted average price fine fine so now the bell has wrong it's kind of a little you know waffu the high day is 95. so i put an order eight dollars so i'll take a starter of waffu here at 80. it looks like it's curling up like it wants to break through eight dollars so adding there now i want to see a breakthrough eight and then up to 825 watch 810 is an ad watching here halt level is 40. high is 32 i'm gonna let it pull back for a second i'm adding right there into a halt at 40. halt level is 40 on wafu holding 3 100 shares i'm very cautious to see whether it halts or does the halt level moves up okay so it did halt so i'm holding 3100 shares of wafu here not a huge position but that's okay so for those of you guys uh streaming here on um youtube and facebook i appreciate you guys tuning in uh the only thing i ask is that you guys hit the thumbs up button so i did this last friday and i said if i had 5 000 thumbs up i would schedule another one you guys gave me 5 000 thumbs up actually more than that so um 5 000 thumbs up we've got how many people streaming 7 000 right now so currently on uh the day i am sitting up uh this is where i'm sitting right now twenty thousand dollars twenty thousand dollars and it's nine thirty five so i've got a nice start to the day uh trading momentum two probably highest relative volume stocks here with me waffu both off the gap scanner the process is the same every single day and if you want to be able to watch me trade monday through friday consistently you need to be a member of warrior trading and if you want to really learn the strategy you need to be a member of the classes so you can use the coupon code july 40. if you want to save 40 on either the warrior starter course or the warrior pro course all right so um just again uh i really appreciate you guys tuning in and sharing this with your friends and hopefully learning something here today okay uh so we're sitting here uh on wafu halt was 40. what i'm going to do is i'm just going to put an order on this i kind of want to buy a dip i mean i really want to buy a dip like i really really want to buy it i just don't know if i'll get it dip so i'm going to do a couple things i'm going to increase my max share size to 40 000 shares so if i want to be aggressive i can be aggressive i am going to uh put an order on this maybe around 8 10 8 15 i'm gonna let it dip down and then off a dip scale in as it squeezes up add into the breakout so if i can get myself to 25 30 000 shares maybe 35 000 into the breakout then i could take profit as it squeezes up towards nine 925 950. we'll see what it does i don't know if i'll have the opportunity to get a full-size position on this i'm not sure if it's gonna pull back it might just rip but let's see what it can do i'm currently up twenty thousand five hundred and ninety three dollars but i'm also holding thirty one hundred shares of of waffu at eight twenty five so eight twenty five i'm up 15 16 cents i wish i'd taken a little bit more size um as it squeezed up here but that's okay so the levels on the daily chart it's got a break over 8.70 and then we have no resistance on the daily chart until 15 39. however we have to be mindful that the headline on this is not specific to this company in that this is a education company it's chinese company and the headlines that chinese i guess schools are closed it's what was posted pre-market so i guess that's creating some momentum in some of the different chinese names resumption on this if it's a five minute long haul will be in about one minute and if anyone has the um the the link to the article on um uh chinese school closings you could post it that would be helpful [Music] okay so cactus has been helping today so this is actually one of the first days where we've had a gapper and it's continuing to be pretty strong so i'm going to do two things i'm going to put an order at 850 but i'm gonna give it a second on resumption so i'm still holding and i haven't added yet i want to let it pull back starter i just added there at 50 and now i'm gonna add over nine dollars adding at nine i've got 26 000 shares the halt level is 9.25 over 910 is an ad adding at 908 looking for this to squeeze a little higher i've got 28 000 shares looking for 925 that halt level is it going to halt a second time it's pulling back i'm adding on the dip at 72. i just added on the dip at 72 now i want to catch the pop back up over 9 9 10. there's 905 908 it's got to break 910 then 915. still holding dips are good for me i can add on dips halt level has moved up a little bit watch over 925 there's nine there's nine ten holding still high this candle is 9 24. moving my order up to 9.25 watching this is a one minute micro pullback under the highs off of 850 i can also add watching so watching the level two here i'm gonna look for the first one minute candle to make a new high yeah i'm gonna leave that one alone i see it on the scans so again we finally have a stock that's at the highs right now i feel like the wind is sort of at our back i'm going to let it consolidate for a second but i'm looking for the first one-minute candle to make a new high and then a squeeze up to 9.25 dip trades down here i'm adding at 63. i'm trying to add on the dips to catch the pops back up to nine and then that first one-minute candle will make a new high i can add again watching over nine holding looking for the first one minute candle to make a new high right here there's nine now looking for 9 10 9 15 orders at 9 25 still ready to go watching 9 15. the boeing is the sound of my scanners we got first one minute candle to make a new high the high there was 10. i did take some profit into that move and i'm going to add if it breaks over 10 or for a bounce off of 850. so now we're trading in range a little bit but this is still holding up uh certainly above the v web so i'm okay with that adding at 60. so buying that dip down there at 60. bounces off the nine moving average we've got seven million shares of volume so and i take a little profit off at um 78 or 80 or whatever that was so i trade around a core position i hold a piece and i've been holding a piece now for a long time but i'll add on dips and as it pops back up i can take profit off the table the next dip i can add again take more profit off the table and just keep going back and forth so looking for the next dip i'm a buyer around 8.50 adding their 57 so buying that dip and from 57 there's up to 75. i can sell half as it pops up there 9 10 is clearly the important breakout spot this does have two four you know red candles in a row and it had a first candle that made a new high but that did not result in a big move so right now we're kind of churning a little bit looking for another bounce off of 850. orders at 9 10. this is a little bit [Music] it'd be a premature breakout on the five because that's now a high volume red candle but the high is 924 so if i was short where would my stop be you know 924 925 adding at 32 buying that dip there so i bought the dip at 32 i want to try to catch the pop back up this is a bounce off the v-wap so looking for this to pop back up over 51 there's 50. got 37 39 44. looking uh i took some profit and i'm looking for the next uh bounce here off of round eight selling off a little more than i would have liked false breakout on the one minute i'm into 80 in at 94. buying that dip at 94. that's an irrational drop so i like to buy when everyone else is selling so buying that break looking for this to squeeze back up to 8 10. so 10 000 shares from 94 for a quick pop up to 8 10 8 15. there's 803 804 6 8 taking profit doesn't want to hit 10 that's okay halt level going down is it 71. all of a sudden wimmy big kind of drop there as well waffu starter at 71 trying to buy a false halt looking for a pop back up to eight dollars looks like it might halt so i'll be holding two thousand shares into a hall orders at 80. so holding that into a hall i don't mind that wimmy big drop here possibly back over seven could be a trade i'll take along on with me here at 89 and i'll add i'm going to add right here 97. i'm looking for the first candle to make a new high for a pop on with me back up to dollars and fifteen cents big seller there the low is down here i'm going to add 75 add it to 80 i'll try to catch the next pop back up to 95 and up to 7. so 84 the low there was in the low 70s so i want to see this up over 85 86 there's 83 84 85 selling 86.85 doesn't seem like it's moving up as much as i thought it would so waffu levels in play 723 and 750. so i'm looking on this i got long at 772 i think it was or 71. so my average is 72. in any case um i'm going to try to catch a pop back up again when you have the rational drops one of the things i started doing especially during um the drop in march when the market dropped 35 percent i started buying into weakness and i found that those were actually some of my best trades so i've kind of applied that to the way i'm trading these ones here and so wafu the halt time was 47 resumption should be 52 and 23 seconds and i'm going to put an order at 7 um 55 so i could maybe catch a bounce off of the half dollar it is a little disappointing though i will say that our leading gap or wimmy is um has just done uh such a kind of dramatic fail off the v app and this is actually going to be a good one to add to the classes um it's the the fade off v wap setup so let me just grab a screenshot of this let's see all right so yeah so i just grabbed screenshots like this so these are my monitors so i'll just crop that and then i'll be able to have this example of whimi for the classes break a b web of a fade off b web fade off v web there we go all right so back to waffu all right so i'm gonna put my order on this um i'm just gonna move it up to 75 and i'm gonna watch the open and then i'm gonna be pressing the buy button to buy adding 70 and i'm looking for this pop back up to eight sold half at 88. is it gonna break eight now looking for a bounce off of the half dollar i'm going to let it flush it's actually not really flushing that much hmm so um well i sold the rest at 63 i'm not sure whether or not i'm gonna do a dip because that didn't really flush as much as i thought it would 23 is the next possible bounce spot that's the low of day nice you guys so yeah post where you're at on the day how much you've made hopefully some of you guys have uh done well whether you're trading in the simulator you're trading with real money not the easiest day in the world but definitely some opportunity so um yeah let's see that one so uh nice job there that's good to see 5 000 couple practice trades very good sim trading here that's good nick good practicing joseph uh where are we at overnight position i'm not sure what that's about um but in any case um nice very good seven thousand that's really really good and again some of you guys i see with that logo are practicing in the simulator so uh good job nope john there you go nice nice p l so again don't try to real money until you've proven profitability and then once you're trading with real money you know you'll have red days from time to time it's not that every day is a green day it's it's not realistic it's not possible you'll have red days but you'll have the experience trading in a simulator and trading real money with small size to be able to manage your risk that's what's important nice devin 700 bucks very good nice paul 1900 on wimmy and waffu good job and you know this is the thing with trading you have to be aggressive about taking profit off the table and not overstaying your welcome good job mark all right so it's 10 a.m end of the first 30 minutes and i would kind of say given the fact that wafu did not hold this level and continue moving higher i mean we we do we might have support down here around 23 again today's the low of day but you know i want trade what's obvious and what's obvious is going to be a stock hitting highs with high relative volume and that's not wafu anymore waffu was obvious right here and then all of a sudden pulled back so that's disappointing that it pulled back there and you know what's interesting is at 9 45 that pulled back and let's look at wimmy wimmy what happened to almost the same exact candle so what is that you know how is it that two stocks at that same moment both do the same thing i don't know it's i don't know if it's i don't know fear in the market greed i don't know i don't know what causes that but they both did that sort of move at the same the same moment so um hey you know i mean it's it's interesting it's interesting uh an interesting market that we're in shakes out some traders and then maybe new traders step up to the plate but it is friday so it's certainly not a um not a bad time to say enough's enough so i'm finishing here um forty thousand dollars thirty seven thousand on waffu biggest position was around twenty eight thirty thousand shares and uh had been a bunch of dipped trades with ten and 15 000 shares so i did capture some profit on this one it was not as volatile as i was hoping it would be but we did get a move here from about 758 all the way up to 9 24. so not a bad day not a bad way to finish the week overall market s p 500 also pulling back a little bit so no reason to overstay my welcome i'll take that money off the table and be back at it first thing monday morning so on the month right now i was sitting up 125 000 coming into today so now i'm going to be sitting up around 165 000 on the month not bad we'll see of course not bad at all considering it's only july 10th we still have um three full weeks three full weeks 15 more days left so i'm just going to check my daily average here for the last um few days so i didn't import yesterday's trades yet i could i could look at my daily averages and my metrics and stuff like that um nice chris good job man so 793 dollars live training get yourself a pat on the back that's awesome nice risk management here you have a loss but it's small and you're walking away green with more money than you had at the beginning of the day it could always say could it would have should have done this or done that could have been more could have been more but if you're walking away green you're doing something that realistically 9 out of 10 traders haven't figured out how to do consistently nice there uh 23 2200 2700 22 on wimmy and 500 on spec and no trades on wafu and that's fine you know if it didn't meet your risk tolerance take that trade and you didn't take it good job for following your rules lumi uh is curling up a bit a break of vwap is what we would really need to see on this so this just came back up the v app is at 54. so i don't know if that'll get it back over that uh vwap level but i'll watch it for a second it is only 10 a.m i mean there's still certainly opportunity to keep trading but i just don't want to overstay my welcome all right so let me let me look at june or july here calendar all right so i've got to import wednesday and thursday so let me grab this real quick yep good job you guys and again um those who are watching this uh live trading later i hope this is helpful for you i hope you've learned a little bit [Music] about my uh strategy here so let's see so what are the kind of breakout spots on wimmy well the hi there so v wap is at 7 53 the low down here is at 703. so i'll put an order at 750 and we'll see what it does in this area below that last pullback 703. if it pulled back to there and then held support psv i'll look at that in a second that one's a little on the cheaper side so the problem there is that if i wanted to trade it and make decent money i'd have to take pretty i mean big share size like 40 50 000 shares and then that's going to cost me more in ecn fees all right so let's see wednesday and thursday so we're testing the high is 55. so let's see what it does up here there's 60 69. so now this first pullback has to hold the high this candle is 70. i'm watching wimmy i'm long at 65 right here now what this is looking like to me is that it's going to curl up uh 72 is an ad spot watching the break of 70 adding there at 70. now my next target on wimmy would be a squeeze up to eight dollars holding holding into the halt this is called a break of v v-wap setup so not bad not bad at all i chased it a little bit uh but again it's one of these things that once once it breaks over view app that's when um that's when i start to feel more confident so i'm gonna do probably the same thing on this that i did on wafu i'm gonna try to add uh on the pullback my average is um let's see it's actually 64. so i've got a decent average here um nice john very good and again this is one of those times where i kind of said i was done and then took one more trade and sometimes that can bite me and i'm like oh my god why did i take that one trade why wasn't i grateful for being up 40 grand i took that extra trade and look what happened now i'm you know now i'm down but this to me looked like a good setup so i took the trade and i'm up so hopefully it keeps going in that direction but right now it's looking pretty good uon e hitting the high day momo scanner up eight percent in the last five minutes ten minutes um no news on it uh and uh just such a big move probably on light volume that i would be nervous to trade that looks like it's going to halt here at 16 64. so i think yeah uo and e this may be what we would call sympathy momentum sometimes when other stocks are are hot i'll look for um you know i'll look for sympathy momentum but you can watch it coming out of the halt but it's just going to be a little risky so wimmy let's dial this in us a little bit so what do we know about this stock well it's at all-time highs so it's only i mean the high pre-market was 9.25 so that would be a logical optimistic target that we squeeze up to 9.25 it doesn't mean i'm not going to sell until 9 25 i'd probably take profit along the way if it does a one minute pullback i'd probably add on that pull back and trade within this range but this 925 spot is something that's really kind of my optimistic goal we would hit 925 and then from there maybe continue higher towards 10 or 11 or 12 or something that would be perfect perfect world it's got 32 million shares of volume it's up 110 the resumption on this is going to be um in about two minutes and i'm gonna put an order on this at i i mean i'm i'm just i'm wanting to add the same as i did on wafu i don't know out of out of the waffu hall we got uh let's see the halt was it what was the hall was it eight now i'm trying to look um it was 8 40. and then it basically just surged right out of that halt so um i i don't know um the hall here was 808 so we'll see what it does but i'm just gonna basically on resumption have my hand on the buy button so if it just starts ripping i can i can add if it immediately is selling and we see like a 100 000 or 200 000 share seller or something like that then okay fine i can i can get out or i can let it dip and then add on the dip my average is eight 764. so i don't really have to feel like it's um you know i'm in a pretty good position here let's see so resumption on this is coming up in about 16 seconds so yes this is a volatility halt and i'm going to put my order i'm going to use 4 000 shares as my kind of ad and i'm going to put the order here i want to see what it does watching hands on the buy button adding right there looking for the break over 50. so still holding adding there 80 trying to buy the dip so i'm catching that dip and looking for the pop back up through eight dollars and then maybe eight twenty five so watch back over eight right here the high was eight thirty eight forty so i want to see it pop up over eight dip maybe off of 75 looking for the break back over eight we've got 84. the low of that pullback is 68. i'm looking for this to break back over eight dollars watching to add first one minute candle make a new high back over eight so i brought my cost basis up a little bit on this which i don't love but i'll give it a second i still think it looks good for the break back over eight dollars so there's 85 looking to add for the pop back over eight first one minute candle to make a new high so we've got 85 87 [Music] watching here i'm going to add there 77 feels like it's kind of basing out here now i want to see it get back over 95. there's 90. i really want to see that break back over eight what's the low there so we're kind of right bouncing off the v web can i add down here i could i'm going to add right there at 55 so buying it 55 brings my cost basis down a little bit just trying to catch that bounce off the v but i do need to see it hold the v web so 56 by 60 first candle make a new high on the one minute i want to see that pop up towards 75 77 volume weight average price is the average price of the stock with volume weighted in so first one minute candle to make a new high although it's not perfect that we have this um you know red candle on the the five it still is starting to base out a little bit here so we'll see if this curls back up to 75 80. watching 10 000 share buyer down there that's good to see it's kind of a shame because this was looking really good for a second there i i thought this was going to rip right up to 825 850. so right now you know it's kind of a little bit of damage control and trying to trade my way out of it and see whether or not it does curl back up to 75.80 no so i got to stop out of that unfortunately so this is going to be one where you know i just gave back some profit now i'm up only 35 000. so you know stepping up to the plate with a bigger position there and it didn't pay off so that writing is on the wall i'll say all right enough's enough took the risk gave back a little profit and kind of just like i said you know oh was it a good decision and on this one it wasn't but it's okay you never know and walking away of 35 000 is still certainly a good day so i think on this one i just uh didn't expect it to drop there from 840 down to 770. and so i bought the dip came back up to eight but it couldn't get back over eight and then it just kind of came lower i kept buying the dip and then trying to get out as it popped back up buying down here and then that on that break that's that's where i sold so ah it is what it is you can't win them all so all right well um overall still pretty good day 35 000 not as good as 40 and the market can always kind of humble you in that way as good as you are you can always feel like ah boy could be a little bit better if i you know walked away sooner or maybe on another day if i traded a little longer there's really no such thing as perfection so it's a puzzle and every day there could have been an opportunity to solve it a little bit better and today i gave back a little off the top other days i leave money on the table but you know that's that's the way it is and you've got to be okay with that and not try to beat yourself up too much about the coulda woulda shoulda's this had good opportunity and i had a nice position on it going into the hall and then boom right back down to break even added and then it just didn't really didn't bounce back up so i gave back about 5 000 or so on on that last trade but i also gave back unrealized profit because i was already up 1600 or so going into that hall so it's probably more like 9 000 or 8 000 that i gave back in total but when you trade with big size those numbers are big and i try not to look at them while i'm trading i just focus on looking at you know the level two and focusing here and then you know the the profits and losses will be what they are all right so that's it for me i hope you guys um learned something here today had a um had decent decent day and i'll see you guys back at it first thing tomorrow morning or on monday morning you

Channel: Warrior Trading

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Rating: 4.96241 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: _j4m_Z2D9v8

Length: 82min 12sec (4932 seconds)

Published: Fri Jul 10 2020