Ross Cameron - Warrior Trading

you're not going to be able to trade one share of Amazon or apple higher PRC stocks you're going to run out of buying power

when you start trading with above 5,000 shares a broker like Weeble is going to be a problem

Tara which is easy to borrow is already at 70 9 million shares it's going to have over a million shares by the end of the day i' guess at this point I mean it's got some serious volume

it's possible that today will just kind of be you know a wash and that's we're not going to get anymore

it's possible a trade war or something like that could could backfire as early as next year if that did happen and that could be um that could be some pain that we have to go through

I think we're just going to keep seeing a lot of opportunities

maybe by uh the end of the week or early next week it'll be over a million in a 90-day window

international Traders a lot of people are going to come trade the US market... will continue to happen and and I think that um I I'm hopeful that we're going to see some really good opportunities

I think it's going to be a favorable environment for active trading and and certainly the lower tax environment and the lower regulatory well and will trickle down to helping uh active Traders

Elon Musk being in you know a close relationship with the government can only benefit Tesla right lower regulatory environment lower regulatory hurdles you know the things that uh perhaps government contracts with um SpaceX Elon Musk has

Trump's policy uh policies around um higher tariffs higher taxes and putting us companies first is going to be especially good for these small companies

who's also going down China companies

no doubt companies that are probably going to uh do quite well will be Banks um and and domestic companies

interestingly in a trump presidency um possible stocks that could go down could be tech companies

they're confirm they're pretty much guaranteed that they will stay the same and go lower

I think generally speaking um we'll see volume continue to be condensed during certain Windows of the day that are historically known for

you'll be able to trade some more but it's going to be mostly lighter volume because there's not as many people that are going to be participating at those odd hours of the

they're going to fuel continued short squeezes by shorting everything that pops up getting squeezed out until they finally capitulate

and if we can get over 1390 next level is 17

short term I think that we're going to continue to see a pretty strong market for the rest of the year that's that's what I'm expecting right now

my thought was that there wouldn't be any concern that a recount would make any difference but that um the market would still drop a bit just on the realization of these this higher tax environment

if he won he would certainly declare Victory you know right away and the market would go up because short term that means corporate taxes are not going up so profits for these big big Mega corporations are going to stay strong hopefully and we're not going to see probably as much big regulation on Wall Street investment Banks

I don't know that we're going to see that um because we're not in a we're not in a cold market right now so I don't think we're we're going to see like that that kind of dynamic right now

that's going to be decreasing by you know what $10 million a year so you know million a month or so

but if I let today get too big it's going to screw up the whole rest of the week right and then it gets me off to a bad start

which you know is not very likely because there's not strong sentiment today in the market

I believe the S&P 500 will probably hit 5,500 by the end of this year so I think we're going to continue to rally into the end of 2024 probably hit 5,500

during the course of 2025 we're going to see it hitting a new all-time high of around $100,000

I do think early next year we're going to see Bitcoin probably pull back to around $40,000

we could see the stock pulling back to a low of about $180

we could see us get a break above the all-time high of Tesla and that could be around the $300 level so Tesla could hit $300 by the end of 2024

most of these are never going to get up to those levels again

The Market's designed to go up so these stocks are kind of breaking the the mold and I think that that's not going to last forever.

YouTube we'll get a recap uh Monday afternoon

bright and early on Monday morning live streaming for warrior Pro members

I'll do an upload of my weekly game plan for next week uh I'll post that on Sunday

my goal for the small account challenge by the way is to grow the account to $25,000

in fact it may be in play if not later this week uh maybe next week

I keep expecting we're going to see a day where this thing drops in one day all the way down to like 10 bucks

my prediction now is that this is going to make a new high

look if I didn't short stocks during the entire bare Market of 2022 or 2023 why would I start now right when the Market's getting ready to well you

I'm making really great progress I think I'm I'm probably a week or maybe two away from hitting 25 Grand

this is telling me that the market is heating up and there's definitely opportunities to be had for retail traders who have a strategy a system and a set of rules that they're following

it's easier to predict what a stock is going to do in the next five minutes than in the next five hours or the next five days or the next five weeks the next five months or the next five years the shorter the time frame especially when you you're dealing with a stock that has breaking news right now the easier it is to predict what it's going to do

it's so much more likely in fact that a stock that's already up 100% goes up another 10% versus a stock that's not up at all going up 10%

you could do the same thing with a $5 million doll account you put it away you don't look at it 20 years later it's 1520 million that's not unrealistic putting it into index funds um and bonds maybe

at a $5,000 account you could put it in a S&P 500 ETF and just let it ride and not think about it it's going to grow slowly but over the course of 5 10 15 years it'll probably grow to 10 15 $20,000

if you said oh all I have the ability to do is index funds because of my time then I'm going to tell you that you're probably only going to make $40 to $50 per year on that $500

it's just going to take you five years to get to $1,000 realistically so that's that's not going to be a good use of your time and that's not really the best way to grow a small account

this stock is not going to go back to those levels

Do you think it's ever going to go back to those levels it's currently $59 a share after hitting high of 320 it's probably it might never go back to that level unless we have another pandemic but even then it it probably won't

I thought if we can get over seven and hold over seven we're looking for a move to 750 up to 8.

if it's taken off the that that ETF then that's going to mean even fewer people are buying it and it's just not good for the stock at all

this stock is not going to go back to those levels

the S&P 500 is going to rebalance it's going to pull some stocks out put some new stocks in new companies in but that would have been something that he could depend on being there in 10 years

if I had kept that $1,000 in all of those stocks it would be interesting to see how they performed but you know Exxon Mobile from 2001 through today um there's no question about the fact that these these companies pretty much across the board are up um over this you know 24e period

if I have a red day then at least the share size is smaller so the red day loss will be smaller

Jet AI we've traded it before it tends to pop and drop I don't think it's probably going to work look at these moves pop and Drop pop and Drop pop and drop so I was like I don't think it's going to work I'm not really interested in it

This stock right now is up 47% it's going higher and I'm not trading it

it's a buyout so it's not going to go any further if the buy out's at 380 up here at 350 that's probably it

so accuracy focusing on higher quality setups if I focus just on that higher quality setups my accuracy should improve and then the total number of losers will go down and most likely it'll eliminate some of the kind of Black Swan losers that are really hurting my profit loss ratio and then my Prof my average losers will get smaller my average winners might not get bigger if the market continues to be choppy they might not get a lot bigger but I can tighten up the average losers by focusing on quality

my thought for tomorrow is to trade with a cap of 5,000 shares until I've made U more than a thousand sorry until I finished the day green until I've had a Green Day locked up so I'll actually keep myself capped at 5,000 shares for the whole day tomorrow and if I can close the day green with 5,000 share Max position whether it's up 1,500 or 2,000 or it's even only up 500 doesn't matter then I'll sort of end the red streak in a sense

the most obvious thing for me is to not trade it during Power Hour for the rest of the month just to say sorry you know what got to just cut that out and that would save me a lot of unne it would have saved me a lot of unnecessary losses and so I think I can project forward that it would continue to save me losses if I stopped doing that right now

realistically we don't have any gappers from Friday that I'm going to be watching for continuation into Monday morning

I don't expect that we're going to see strong continuation from Friday because we really didn't have a lot of really great momentum on Friday

I'll be back out on Monday and then kind of come back in Monday testing the water a little more grad than I did this past week and start to kind of you know level out and and base out for that next leg higher

I'm not going to finish this week you know with the fame and Glory of some of the weeks past this is just been a choppy week and I'm just trying to survive it so if I can get through one more day and get to the weekend that'll be great

this is a company that is going to be uh in need of probably raising Capital so you know I see that and I'm thinking all right we may see you know we may see an offering on this

it's probably going to trade 40 50 million by the end of the day if I had to guess

unless zjk starts to pull away and it would have to break over 30 and I don't think that's going to happen that one's done

I thought it was going to break through $50 a share and then next stop I'm thinking 55 60 maybe $75 a share maybe $100 a share

if this can get through you know this kind of 8$9 level we've got a big window up to 17 then we've got Gap fill up to 31 and then we've got even more room up to 200 moving average

if we can hold over that [200 EMA] we've got room up to 16 a little resistance there and then we've got room higher

I think in this market because we're seeing enough stocks that are moving quite nicely um I just think that that's probably not going to work so that's sort of my gut feeling that that's not going to work unless it has fresh news

I mean it's also possible that it could just sell off but I don't really see that as the most likely thing that would happen at 48 am

closer we get to the election we're we're going to continue to see some volatility there

I would keep SMX on watch if it works it's probably going to break out too early and then it'll be ruined by 78 a.m.

my daily average for the last 30 days has been pretty high um about 20,000 a day so if I maintain the daily average that's 160,000 this would have me that would have me closing in on half a million dollar a month

we've still got 1 2 3 4 5 6 7 8 days left so we've got eight days left in the month if I can average $55,000 a day over those eight days that'll be 40 Grand so I'll be up over around 400,000 just over 400,000 on the month if I can avoid catching a big red day

I added because I'm thinking if this thing breaks the half dollar right here we're going to go to High a day I'm looking for a move up to five

if we could break 1045 we had room up to 12

ctnt needs to break over 845 850 and hold or that one's done

unless zjk starts to pull away and it would have to break over 30 and I don't think that's going to happen that one's done

I thought it was going to break through $50 a share and then next stop I'm thinking 55 60 maybe $75 a share maybe $100 a share

as we were coming into the open right here I was looking for a retest to 575 and then a squeeze up to 664 that was what I was thinking

it may pop up at 4:00 a.m. and then by the time I'm sitting down it's going to already be coming back down

if you're not careful you can find yourself on a negative feedback loop and that's what I've seen for so many Traders they get themselves on negative feedback loop where they trade with low accuracy they have low profit loss ratio they have poor consistency they have poor self-confidence and they start getting desperate they start getting frustrated and they start spiraling

by focusing on high quality setups the quantity of Trades will go down but the accuracy will go up and you know what that creates a positive feedback loop

I'm figuring $1,000 a week and the reason I figure that is because I don't think I'll find a great setup every single day and I'll probably have a red day maybe once a week

if you have a phenomenal five minute chart in the 10 seconds garbage the stock will probably work anyways

if you have a phenomenal 10-second chart but the 5 minutes garbage the chart probably won't work

when we look here we're already predicting what's going to happen we're thinking all right we have a stock that has breaking news it's popped up we're in on a pullback right here and what are we looking for well we're looking for this to move higher

what I'm now predicting is that this was the reversal this is the first candle to make a new high and now the trend is making its way back up

what if right here we saw a dogee what would we expect might happen next we might think this could be a reversal indicator

it wouldn't surprise me if Thursday and Friday this week are a little slow the day after Christmas and then Friday that wouldn't be shocking

the accuracy though may not be too improved because I don't think my accuracy was a lot better than this today

when I see a stock on my scanners that has a float of less than 10 million shares I'm already thinking all right this is something that has a very limited level of Supply that means with a strong Catalyst it can make a big move

I think when we're on the back side um of Christmas on the other side of Christmas we're going to see a little bit more momentum

it's just a wild card so it's going to create some volatility because there's an unpredictable nature

this tells us the reversal is already beginning and then there's our first candle that makes a new high and we look for a correction even further up

those will bring down the average of the losses so the profit loss ratio should be better tomorrow

unless we have a blowout win for Trump on Wednesday morning when we you know are getting up and sitting down um anything other than that is going to result in sort of an extended period of a little bit of uncertainty of you know how this is all going to um pan out

maybe even a little less volume next week

that trade alone will boost my profit loss ratio significantly

it actually confirms that the reversal began and then reversed and when it continues higher often that you get a second wave even higher

I have I don't know that I'll break that record I don't know that I'll ever break it again

I I think what'll happen is it'll resume it'll go a little lower and then you're probably going to get some dip buyers who are going to come in just because typically when you get a halt down like this and then and then it opens lower you just typically do get a little bit of a bounce so that's a setup that a lot of people are going to look for grab you know a couple thousand shares or whatever more for some people and just catch that bounce back up it could be a bounce from 10 to 11 a dollar a share could be from 9 to 1050 $150 a share but there'll be most likely a good bounce opportunity on this

if it's a blowout victory for him it'll probably be that's that

I think we should expect that there'll be slightly less volume this week than a typical week

if I get a big enough cushion eventually I can afford to not make the money I'm making right now in a month-to month basis and really try to expand my playbook yeah but right now really I'm just I've got something good and I'm just running with it and I'm just gonna keep doing it until I can't do it anymore and or until I have however much in the bank and I can afford to take a couple months disregard my current strategy and open up the Playbook a little bit maybe uh maybe start trading the $10 ones where I can catch the 50 Cent dollar moves

topping Tails like this are bearish they're bearish because sell while buyers brought the the stock up sellers pushed the price back down so they indicate a reversal may be coming

now it's going to be a 15-minute long call right

the second fastest way to blow up your account and to put yourself into potentially millions of dollars of debt would be to short a small cap stock that has incredible momentum like drug that goes up 1,000 or 2,000% in a day

it's possible since we don't have anything carrying over from Friday that an early morning international company will have a headline Traders jump on that especially if it's got you know the right combination of float and price and then those are our first trades

if it's a blowout victory for her he'll contest it and they'll be you know it it'll probably seem you know maybe like she did win but people will be like well but maybe not and let's figure out this and so there'll be sort of things hanging in the balance

connecting the router to an uninterrupted power supply will keep my internet going so then I have the router and my network switch panel connected to the ups

this is going to be a week where commissions are a disproportionate percentage of my profit relative to what's normal

if I can maintain the 2 to1 profit loss ratio that I've been maintaining for the last two months... then it's really only a matter of um time before you know my accounts of course back well to alltime highs and I'm you know really feeling like another sort of boost of confidence and I'm you know in the middle of another hot streak

people are expecting that the market is going to be kind of rallying back up and so if people are expecting it they start behaving as though it's going to happen which becomes that self-fulfilling prophecy where then it starts to happen

I just think there's too much competition for Schwab or Robin Hood to be like all right we're going to do commissions now I think that would that would kill the platform any active Trader

that's a recent IPO so most of those Shares are probably going to be locked up people aren't going to be able to sell it's not going to trade like a 32 million share float it's going to trade like a lower float

statistically um September is not always a great month for me... there's more of a track record of September not being good than being good um and that's maybe something I should factor in a little bit more as I'm looking at possible you know trades to take and how aggressive I should be

a candle of indecision after a stock has just made a 5 10 15% squeeze up indicates that a reversal may be coming the confirmation would be if the next candle is red

at some point there's going to be the blowoff top and then it's going to flush back down and this will almost definitely halt down after these halts up

this one 4.4 million share float could pull a move like drug I mean it's not impossible we've got a lot of room up to the 200 moving average so we might get something more on this one

realistically if this election is as close as it they say it's going to be we probably won't even have a result on Wednesday morning

I'm not going to be able to make big money on that

within the next 10 days most likely there's going to be a hundred more trades for me to take with 65 to 75% accuracy

my thought going into the rest of the week is that you know low price penny stocks are what's in Focus

I could make another $100,000 this could end up being a half million month and uh that would put me over $2 million in profit on the year

if free commission went away I would have to change my playbook a little bit I I could tone it down a lot

what's typically going to happen here is we're going to roll over

most of the time what I end up seeing is that these spikes at 4 a.m. don't hold up very well they pop they drop and then the stock doesn't return to those levels and a lot of times it becomes like a selling event where the whole day the stock just sells off

as we come into December right now not including today's profit I'm already at 359 so today that's going to put it up over $400,000 on the month

at this point after two halts in a row going up what often happens is you get a surge higher We're going to resume let's say 12213 a share so we're going to resume quite a bit higher here so let's say we resume at 13 what'll probably happen is we'll Spike up because some people who are short right now have a margin call they already have a margin call which means their broker is looking at their account and is saying uhoh this person is in the negative we've got to buy we've got to cover so they take over their account the person whose account it is gets locked out they take over their account and they just press the buy button to cover the position so now they've got to cover it so you're going to initially have a spike most likely you'll see a continued Spike higher from some additional short covering

note that this is a 13 million share float not not that that's high but right now that doesn't meet the profile for going up a th%.

I'm thinking all right if we break 1029 we're going to continue the squeeze

I think generally any computer that is a gaming computer will be sufficient because in this day and age gaming computers generally have uh nice graphics cards which means they're going to be very powerful computers and they usually have ports for at least two external monitors so pretty much any gaming computer is going to be sufficient for trading.

Certainly most months green as long as we on you know sort of bigger picture have enough opportunities there.

trading tomorrow don't expect anything exciting I mean tomorrow will just be a regular day we're not going to have any results of course tomorrow morning while we're trading

probably won't get more trades on that

it keeps my red days smaller because I don't size up on red days if I don't get 20 cents per share of profit then I never size Beyond a quarter of my full sizee position so it keeps my red days smaller essentially a quarter of the size that they used to be but it doesn't sacrifice significant profit on green days yes that first trade I have slightly smaller size than I might have ordinarily had but on a good day where the Market's hot I will see more than enough good opportunities so it's not a problem it's worth it

how long it would run with zero power probably not much more than like 15 minutes

I tend I tend to figure I'll have one red month a year and many years I've had two red months

realistically my next best chance for a good trade is tomorrow morning

although tomorrow will be an early close 1M closing bell uh for pre-market Traders I don't think that's going to really change anything

the market has been so strong what I'm expecting is that we're going to see continued momentum certainly in the weeks ahead

I'm sitting at about $350,000 on the month of December and that does not include today's trades Today's profit of 76,000 so this is actually going to become my biggest green month of the year as of right now now we still nine trading days left in the year so of course there's time for me to make mistakes and hopefully I don't but there's also time for me to add more profit and make my way up towards potentially half a million dollars in one month

a lot of the discount software that a lot of brok brok offer is only available on Windows so if you're using an offshore broker dealer they're almost definitely going to be Windows only I I I think it's just the nature that that software that a lot of those discount or cheaper Brokers use it's the same software and it's just Legacy software that's for Windows only

I think I should be able to have most weeks green.

you could file it now which is fine but it'll take effect January 1st of next year

I think it's very possible that we could have another stock like sin today

it may be worthwhile um for those of you guys that have the interest in watching um the price action into after hours power hour and then into after hours to see if we get anything like what we got yesterday I I sort of suspect we may

I think what I'm going to have to do is find a better place to mount it where it can get the signal outside of the camper and not be kind of such a mess like it is right now

what what I think is going to happen with the Federal Reserves are going to keep interest rates really really high and then just before the election they're going to drop them back down and then the Market's going to be screaming through all-time highs going into November... so we're probably... going to have a strong Market going into the the end of the year... ride that momentum through um through Q4

I can look now at tomorrow the next few days as an opportunity to recoup some of these losses just by simply the benefit of time.

my biggest risk for tomorrow is whether or not I will have the strength to maintain the discipline necessary not to gamble and therefore have a second huge red day it would happen if I try to make back all of yesterday's loss in one trade

At this point my goal minimum goal is to keep hitting at least $1,000 a day... so potentially $80,000 for the rest of the year that would put me up around $820 I don't think it's unrealistic to stretch that and you know be trying to get2 $3,000 a day average I think a million dollar is Within Reach...

I sort of thought you know this trend like we weren't seeing these holding up we weren't going to continue to see bigger and bigger moves

tomorrow morning we have a couple of nice stocks on the scanner I've got a cushion I'm going to step up to the plate take a little bit of risk maybe on the first trade I can make $5,000 hit my daily goal second trade I'm up to 10,000 12,000 third trade I'm making my way to 15 to 20,000 and all of a sudden in 2 days I'm at 30,000 on the week

I really don't have anything that I can trade to recoup these losses.

I was sort of already a little bit like oh boy I'm I'm going to be in for a slow day today

don't expect that I'm going to have uploads every single day as part of this thinker swim challenge they'll be more periodic

Is it realistic to buy this dip and expect it's going to go higher probably not

I have to accept that today is going to be a red day.

realistically I'm probably not going to see that growth without using leverage and I don't have leverage in this account... I'm not going to be able to do that every single day in a row with this account it's just not possible

my goal is to grow this account to $25,000 and it's not a matter of if I can do it it's just a matter of how long it's going to take

based on my strategy my accuracy is 65 70% so over the course of 10 trades or over the course of 100 trades I will certainly have a handful of losses right 30% will be losers

$10,000 I can make it back in a couple trades tomorrow

my kind of minimum goal is that each day that I trade in the account I'm able to grow the account by $200

I'm thinking well we're retesting previous resistance I can hold through this pullback right here

I really can only trade if I'm going to go aggressive only once a day and that means that I'm going to use all of my buying power on one trade... most likely by the time the bell rings at 9:30 I will have already taken my one and only trade for the day and I'm going to be out of buying power and have to wait I'm G to have to wait till tomorrow

there will be days that I don't take any trades because nothing perfectly lines up with my criteria... if there's days like that then for the small account it's going to have to be a no trade day

I've got 100 trades in my future and let's say if I take all of those trades and my accuracy is 68% I'll have 68 winners now what I know about my winners right now is that my average winners are about $500 my average losers are about 250 so what we can do is we can do the math real quick let's find out exactly how much I'll make so and this is an example of what's coming in the future so 500 time 68 is $34,000 in profit and then 250 time uh 32 is $8,000 in losses so 34 - 32 is 26,000 so what I know is that I have and this is an interesting way to look at it I've already made that 26,000 that $26,000 it's like I've already taken a job I've gotten paid the deposit this is the $26,000 contract all I have to do now is have the discipline to do the job the right way to follow the process if I follow the process if I maintain 68% accuracy this is coming my way

the problem with that level was that at that point we were running right into the 200 moving average on the daily chart so daily 200 EMA you could see it's right there at that level so I said well that's going to be resistance

I also noted that the 200 EMA on the daily chart was getting kind of closer to about 375 so I was like you know that's going to be a little bit of an issue on this potentially

what you probably are going to get is a rejection back down as people who see that seller realize I got a bail on this thing it's not going to give me that big move that I wanted it's just not going to happen

if there are large sell orders on the level two right then those large orders on the level two are telling us the stock is not going to go up to this level that chart is never going to form because there's a big seller blocking the way right... it's now completely unrealistic to expect that this level's going to break right it's just too big of a seller so it's not going to happen

in a hot Market C quality setups might work just fine but in a cold Market you're going to get crushed

What if the stock had 50 million share float and 20 million shares of volume? Well the problem here is it might not be up very much at all.

I don't think I'm going to be able to maintain that forever

if we had had the same 20 million shares of volume but the float was 5 million shares instead of 500,000 shares it was 10 times higher it was 5 million shares I would predict that probably the stock would only be up like 20%.

there's a line somewhere in here where reducing your quality standard to introduce more trades is going to no longer be profitable

if you're growing your account with a quality setups here and you introduced B quality setups but you maintain good accuracy your account would grow even faster because now this is a plus b

if you're trading only a quality you're going to have really nice profits if you start doing B quality you know you're you're going to see a little bit of decline you start trading see quality you're going to see you're going to see your profits go down

when I start taking C quality setups that's that could be you know 50 to 60%

on B quality setups honestly that's probably where I'm going to be around 70%

I would still limit myself to trading only these highest quality setups which means I'm probably only taking three to five trades a day

the goal of this small account challenge is to do one trade a day until the account has grown over $25,000

I expect we're going to come back and retest eight

on Monday what I have to do is I have to say look $5,000 is your max share size until you have a Green Day close the day green... 5,000 shares Max position... So 5,000 shares 5K Max until Green Day closed... so that means Monday I'm going to be capped at 5,000 shares

when you trade in that area of the market it's like playing chess against the computer you're going to lose every single time

it's not a question of if I'll make it back I mean I'll make it back

the first prescription uh for the rest of the month is that I need to walk away at noon hard stop at 12:00 noon

it's going to be a more or less a flat week after fees and commissions and the fees and commissions are frustrating because um you know I've been churning a lot of fees and commissions just over trading so if we look at it after fees and commissions you'll see that uh yeah it's going to be basically a flat week might might even be red um depends on what my commissions are today it might be R 200 bucks or something

if I can maintain focus and I stay you know disciplined I can maintain 60 70% accuracy and that means over the next 10 trades statistically I'll be able to finish the day green as long as I don't increase my size

I think we're going to continue to be in this market where as soon as news comes out Traders are responding and that's the time to trade

my guess is that we'll probably have something else that becomes the stock in focus for Monday morning and my guess is that it's going to be a stock that has breaking news

even at this point if we get a catalyst it's probably going to sell off so I don't think that's going to work

Duo is um is going to be off the list as well

I don't think that's going to be the case with ls lasc

since this has no news I think shorts will just keep adding and adding and adding on it

unless it can get over $8 this is kind of our resistance right around this area around $8 unless it can get over eight I don't think it's going to work

showing crazy resumptions right now $250 a share it's not it's not I can't imagine it would open at that price most likely it's going to come down... I think it's going to come down I think most likely people are going to start putting out sell orders it's going to bring it back down... Resumption is coming down don't worry now it's 150 right... I just don't expect it will I think that sellers will come out and bring it back down

if the only reason they're up is because of a buyout rumor from Trump media and then it becomes too expensive for him to buy it then he's not going to buy it and then what happens to the company it goes back to being the company it was before which was trading at $12 a share

I was kind of thinking if this can get over 280 and over three you know 360 over 360 we've got room up to four

one big order goes through for 5,000 10,000 shares it could drop I mean the algo could drop it probably 30 cents on an order like that

I don't expect a lot of volatility going into the close today it's Friday

we're probably not likely to see any companies putting out any crazy good headlines here today

this was probably going to be a really slow day so when I came over here I set the expectation that this might be a no trade day

although it could go higher most likely it's going to be choppy

if the stock pops up right now now 30% in like 2 minutes cuz it just came out with breaking news I could take a little bit of a speculation risk that there's a good chance it's going to go up 50 60 70% and become the most obvious stock because it's moving so quickly right now if it can sustain that rate of change

it's probably going to get probably close to yesterday but I bet it'll be just a little bit lower than yesterday

it's possible that September will dip down a little bit

it's a kind of temporary move it's probably going to come back down

if you can discipline yourself to trading in a simulator for the next four weeks and following this trading plan here's what's going to happen number one you're to find yourself trading less... you're going to get less opportunities but higher quality generally for Traders that have some experience and educated intuition is going to be increasing your accuracy that in turn increases your profit to loss ratio which therefore increases your confidence when you have a higher confidence you'll feel comfortable trading with larger size and that's how you go from doing $200 a day with a th000 shares to doing 400 a day with 2,000 shares scaling up but you don't scale up until first you have that track record that's proving that you actually know what you're doing

I'm not sure that this is really going to carry over to uh tomorrow

it's probably not going to trigger a big short squeeze

we have Thursday Friday we'll probably be light volume uh I definitely expect we're going to have lighter volume and then I think coming around on Monday that's when things are going to start to pick back up that's my expectation

and now it's probably going to happen over the next 6 months is the stock is going to go back down again and then they'll do the same thing so this is the cycle that a lot of these companies are taking part in

I expect volume will also be a little lighter this week

goal right now is to break over 100 K on the month I did about 400,000 last month and I think it's kind of crazy I'm only 25% of the way there approximately but uh I think it's realistic you know I it's it's a big number but if we keep seeing 100 200 300% moves that's you know if I'm able to keep locking up 105 $20,000 days it it just might happen so you know I'm feeling I'm feeling optimistic

I think I can get that 90day look back to being over a million because this is when um you know things started to pick up a little bit

there's always going to be another one around the corner if it's not today maybe it'll be tomorrow

$742,000 of profit starting to kind of get myself with a little bit of an optimistic goal of crossing a million dollars before the end of the year um in Gross profit I think it's realistic I I think that I can do it

I think the month of October may be a little bit choppy as we come into you know an election which is you know about a month away so that's that's going to create volatility

if I take another 677 trades I can project that I'll probably make another $63,000

I think we would still see windows with higher volume because that's when people recognize it's more liquid it's easier to get in and out and that's where more money is made

if I can keep this up through the rest of this month I'll I I should break that streak

I just I don't think there's going to be a lot of volume behind those moves so as a result I don't think they'll be sustained and I think they'll be harder to trade

it wouldn't surprise me if we get a little bit more dip and then we get another rally

maybe we get another leg higher on Monday morning

at 4:00 a.m. it might come back up to 3: and then continue higher

I am concerned that we're going to see um a offering from them and that the price is going to drop so I think it's only a matter of time at this point

I think it's probably sold off too much and is not going to work

I generally have my weekly goal at $15,000 and the reason I do that is because my daily goal is five grand but I don't expect to hit my daily goal every day of the week in fact I figure at least one day of the week I'll probably hit my Max loss which is minus 5,000 so that'll cancel out one of the good days so then I'm back to maybe just you know two to three daily goals so anywhere from 10 to 15,000 is a pretty good week

unless I have two back-to-back $50,000 days I don't think I'm going to be breaking any records this month so most likely it's going to be you know just kind of a a slow month in total

I think eventually maybe it's a week from now maybe it's two weeks from now I think that the V the price of this stock will return more closer more closely to its logical valuation which would be you know the net profit this company is doing the prospects of future operations and everything else

I think that it wouldn't surprise me if Regulators ask you know how it came to be that 40 cents was chosen as the price cuz that's that was a 75% discount over the current trading price it wouldn't surprise me if Regulators try to figure out you know where that initial Spike came from

what I thought was that it was starting to pull away and that if it was pulling away moving faster we would see a squeeze up to $150 maybe $1 65170 up maybe to two

will that translate to opportunities on some of the the crypto sympathy stocks that we've watched uh recently btct I would have thought so but maybe not Mara you know this one's giving a little bit more um sympathy Riot this one's um you know pulled back a bit so you know we'll have to kind of go Case by case but I think there will probably be some opportunities on um crypto sympathy if Bitcoin can get and hold over 100,000

bkkt this one had the news with Trump media um supposedly in advanced talks to buy them it's holding but the thing I said about that was you know it went up like 200% in one day and Trump being you know the art of the deal this and that he's not going to want to pay I don't think he'd want to pay that kind of money so uh I don't know that's going to hold that level

NA for continuation on Monday this one's kind of interesting because it popped up back here sold off back up sold off rips back up back down back up so it's kind of Jumpy um I I don't know that that this one's going to work um it halts a lot it has big candle wicks these big it's kind of like it moves up on light volume then gets slammed back down so I don't think that one's going to be safe

qmco this one's funny um it you know again it moved higher but a little bit choppy um some of these topping tail candles and some of these bigger red candles is it worth watching for Monday I would say yes if it can break through those highs

PDYN this one big move 16 million share float 80 million shares of volume I mean it was it was a grinder for sure it did keep grinding higher but uh it was a grinder that could be worth watching for um a break of five pre-market on Monday

perhaps out of China who will put out a headline hoping that the traders who are in the market will see it and will jump on it for lack of anything else to trade and that could create a wild card move where suddenly you have a stock that goes up 3 400% because there was sort of nothing else to trade but that was the one that put out news

a company is probably more inclined to put out good news next Monday you know a week well this coming Monday and then the following Monday and to not put out news on Friday so we shouldn't be surprised if we don't see big news headlines on Friday

it may be harder to move in and out with big positions so this will probably be a week to size down a little bit

100,000 resistance so it keeps tapping its head against that resistance it needs to break above it and hold above it once it breaks and holds above 100,000 that'll be interesting

I will recover this loss I will get myself back to all-time highs in my account and I will regain my confidence most likely over the next 10 trades

then you flip from doing that in the simulator to trading with real money so this is where you go from 100 shares you you do this in the Sim then you flip the switch trade with real money and if you can continue averaging $115 a day of profit with 100 shares real money then you start going from 100 to 200

if you could focus on consistently making $15 a day and you can do that for 6 weeks eight weeks a couple months few months three months four months you're proving with a track record that you know what you're doing

what I want you to do is focus on getting 10 15 cents a day per share of profit 15 cents

this is a stock that had a pump and dump back here in uh December of 2023 and then in one day it loses 90% of its value right so there's a really good chance that that's going to happen again

so if you sit down at 600 or 6:30 or 7 7:30 8 839 whatever time you sit down and you look at your chart you see that chsn put in a big spike at 4:00 a.m. you want to make sure that that doesn't get you frustrated disappointed oh my God I can't believe I missed it because most likely that 4 a.m. Spike even if it happens it probably won't be very tradable

and we may see a spike at 4:00 a.m. because of the amount of volatility after hours it's possible at some Traders at 4 a.m. we're just going to be like let's try to you know catch a spike on this because this is a stock that clearly can move so what we may see Monday morning 400 a.m. Spike on chsn and then a fade for the rest of the morning

I'm confident it will reach $130,000 by 2025.

AI publishing I I I think I mean it doesn't really matter what I think about the news but you know we see a lot of these um you know social media posts and articles that are being written by AI so AI publishing I just think that that's a fad i i i the quality is not good and and I think that eventually people are going to run out of interest in that

it squeezes back up here and on this rally I got myself back to up $28,500 and and then um I'll show you it's consolidating here and I took a starter off of about 560 and the reason I did 560 was because we had this previous high right here about 558 and I thought this was resistance so now if we can hold above it we should be in good shape so I added right here and then I added for the first 5minute candle to make a new high right into that candle right there I'm looking for that squeeze higher and it flushes is down to 540

I was like this thing is hot you know let's see what this does and then all of a sudden it flushes back here down to 550 and I had to bail out I had to stop out so I ended up stopping out with about a well it's almost a 50 Cent loss cuz I was ined about six and I stopped out at 550 with some slippage so lost about 50 cents a share right there

and then look at this it rips right back up so as this one curls back up on this high volume candle I decided to get in I was like you know what it's curling back up the float makes sense so I'm going to go ahead and jump in now on this one

if it just holds this level into after hours or into you know the close then probably tomorrow 4:00 a.m. it'll pop up again and we'll have to see what it looks like come um you know 7:00 a.m.

maybe by the time some of you guys are watching this it does go to 9 10 or 11

I've nearly by the end of the year I will hopefully have tripled what I did last year not just doubled but tripled

I don't know that we will anytime soon get back to the type of volatility we had during the pandemic I think that type of volatility is more akin to what we had during the.com bubble which although I was in school and was participating in it through a school project I wasn't trading it with real money like I am today so I didn't capitalize on a dot bubble so then 20 years later we have the co pandemic so it might be another 20 years before we have another you know big big event

a transaction tax would be a significant change because if there was a a substantial tax on every individual transaction active Traders like myself would pay exorbitant fees

there's always been speculation of a transaction tax that Democrats have wanted to uh put on Wall Street

there was also the very real possibility that capital gains taxes would go up

those types of investors are more likely to take money out of bonds and put them into equities

I was looking for parabolic you know that's what I was thinking I was like all right here we go 1050 11 12 13 14 15 I mean we've seen stocks recently that have gone they've kind of this price range has topped out around 17 to 18

UMAC right now halted up at 10:47 and will resume in just about two minutes

Secondly if she wins there will no doubt be protests about whether or not she was even the rightful winner now of course it depends on margins and things like that but we know what happened in 2020 and I think 2024 will be even bigger for a lot of reasons so if she wins that's where I'm I'm a little bit I'm you know I'm thinking that we're going to see volatility to the downside

if Harris wins we have a couple of problems number one I think the market is going to pull back on the realization that she's likely to increase taxes which is what Democrats often do it's just a fact so likely to increase taxes on those big corporations

now I think if Trump wins I expect the market is going to continue to Rally that's what I expect

as long as it's doesn't make a new high we're technically on the backside so the highest risk would be a double top up to eight and then stop over eight 635 is another pivot here so as long as we stay below 635 we stay below eight then it's kind of in the hands of the Bears

so VST going into Monday I don't really think it's going to give us anything I think most likely if short sellers were kind of analyzing it they would be thinking it's a short

trading is risky my results aren't typical so please take it slow manage your risk the market will be here for you

as I always tell you guys is look the Market's going to be here for you this is your time right now to build your experience and your own sense of educated intuition so you can get better at learning when to ease on the throttle when to get aggressive and when to cool off

you miss one trade who cares there's always going to be another trade around the corner

the downside of not doing it is well what if there's a big move and I miss it okay that would be disappointing you're in Trader rehab you missed the move but the upside benefit that's your only downside your upside is that you will be able to reset emotionally and get back to trading from a place of confidence and consistency

if you could start focusing on hitting base hits locking up you know small green days 5 days from now 10 days from now you're going to feel like a different person

if you've gone through an extended draw down your number one Focus right now has to be stop the bleeding and put yourself into a trading plan where you can begin your recovery slow and steady

so today was a day where I came in looking for base hits and I locked up base hits

once I'm truly feeling emotionally better and I've made back close to half of the loss then I start to size back up for the next leg higher

once I've had about 5 days between me and the loss by that point usually I've made back a little bit of the loss and I'm feeling emotionally a thousand times better

Max size is one qu of full size Max size is one quarter full size focusing on base hits focusing on building cushion

be quick to size down when it gets cold and learn to develop a keen awareness of caution Flags in the market

after a red day or if it's for you maybe it's a red month or whatever it is immediately as soon as you become aware Implement these guard rails to reduce the risk of back-to-back red days

if you don't have a positive track record of profitability in a Sim what are you doing putting real money on the line you really have no business doing it

I never want to lose more in one day than I can recover in one day

on day two guard rails number one we size down that's the first thing you've got to do you've got to size down number two you focus on a quality stocks that's going back to the basics of what your metrics tell you you do the best wherever you make the most money that's what you're focusing on for day two

once I'm truly feeling emotionally better and I've made back close to half of the loss then I start to size back up for the next leg higher

when you separate yourself from all the emotions of the draw down and you start having even just a little incremental progress that's when you feel like wow it doesn't matter that I'm technically still down $75,000 I'm making2 200 a day and if I can make 200 a day for the rest of this year for the rest of next year ... it's smooth sailing for me and I'm good

if you've gone through an extended draw down your number one Focus right now has to be stop the bleeding and put yourself into a trading plan where you can begin your recovery slow and steady

once I've had about 5 days between me and the loss by that point usually I've made back a little bit of the loss and I'm feeling emotionally a thousand times better

trading is risky my results aren't typical so please take it slow manage your risk the market will be here for you

as I always tell you guys is look the Market's going to be here for you this is your time right now to build your experience and your own sense of educated intuition so you can get better at learning when to ease on the throttle when to get aggressive and when to cool off

you miss one trade who cares there's always going to be another trade around the corner

the downside of not doing it is well what if there's a big move and I miss it okay that would be disappointing you're in Trader rehab you missed the move but the upside benefit that's your only downside your upside is that you will be able to reset emotionally and get back to trading from a place of confidence and consistency

if you could start focusing on hitting base hits locking up you know small green days 5 days from now 10 days from now you're going to feel like a different person

if you've gone through an extended draw down your number one Focus right now has to be stop the bleeding and put yourself into a trading plan where you can begin your recovery slow and steady

so today was a day where I came in looking for base hits and I locked up base hits

once I'm truly feeling emotionally better and I've made back close to half of the loss then I start to size back up for the next leg higher

once I've had about 5 days between me and the loss by that point usually I've made back a little bit of the loss and I'm feeling emotionally a thousand times better

Max size is one qu of full size Max size is one quarter full size focusing on base hits focusing on building cushion

be quick to size down when it gets cold and learn to develop a keen awareness of caution Flags in the market

after a red day or if it's for you maybe it's a red month or whatever it is immediately as soon as you become aware Implement these guard rails to reduce the risk of back-to-back red days

if you don't have a positive track record of profitability in a Sim what are you doing putting real money on the line you really have no business doing it

I never want to lose more in one day than I can recover in one day

on day two guard rails number one we size down that's the first thing you've got to do you've got to size down number two you focus on a quality stocks that's going back to the basics of what your metrics tell you you do the best wherever you make the most money that's what you're focusing on for day two

once I'm truly feeling emotionally better and I've made back close to half of the loss then I start to size back up for the next leg higher

when you separate yourself from all the emotions of the draw down and you start having even just a little incremental progress that's when you feel like wow it doesn't matter that I'm technically still down $75,000 I'm making2 200 a day and if I can make 200 a day for the rest of this year for the rest of next year ... it's smooth sailing for me and I'm good

if you've gone through an extended draw down your number one Focus right now has to be stop the bleeding and put yourself into a trading plan where you can begin your recovery slow and steady

once you've had about 5 days between me and the loss by that point usually I've made back a little bit of the loss and I'm feeling emotionally a thousand times better

trading is risky my results aren't typical so please take it slow manage your risk the market will be here for you

as I always tell you guys is look the Market's going to be here for you this is your time right now to build your experience and your own sense of educated intuition so you can get better at learning when to ease on the throttle when to get aggressive and when to cool off

you miss one trade who cares there's always going to be another trade around the corner

the downside of not doing it is well what if there's a big move and I miss it okay that would be disappointing you're in Trader rehab you missed the move but the upside benefit that's your only downside your upside is that you will be able to reset emotionally and get back to trading from a place of confidence and consistency

if you could start focusing on hitting base hits locking up you know small green days 5 days from now 10 days from now you're going to feel like a different person

if you've gone through an extended draw down your number one Focus right now has to be stop the bleeding and put yourself into a trading plan where you can begin your recovery slow and steady

so today was a day where I came in looking for base hits and I locked up base hits

once I'm truly feeling emotionally better and I've made back close to half of the loss then I start to size back up for the next leg higher

once I've had usually about five days once I've had about 5 days between me and the loss by that point usually I've made back a little bit of the loss and I'm feeling emotionally a thousand times better

if you put yourself into Trader rehab if you accept current reality and you start today following this plan ... 5 days from now you're going to feel like a different person

the track record is a reminder that when you follow the rules of your strategy success and consistency follows

when I was showing you that 28,000 drawdown from the beginning of the year that was one of the first big draw Downs I'd had in months and I don't I don't know what I was thinking

once I've had usually about five days once I've had about 5 days between me and the loss by that point usually I've made back a little bit of the loss and I'm feeling emotionally a thousand times better

focusing on base hits focusing on building cushion so building cushion means each day when I'm trading I'm starting with small size I'm trying to make 20 cents a share with small size build a little bit of a cushion and then once I have the cushion I'll size up a little bit more up to my quarter size Max position

I never want to lose more in one day than I can recover in one day

I always always feel better because now I have a plan now I've got a road map and it totally changes my perspective

accepting current reality is critical when you're fighting current reality when you're fighting to accept the situation that you're in it will lead you to continue engaging in the emotion seeking behavior of Revenge trading where you're looking for anything to trade to recover those losses

the downside of not doing it is well what if there's a big move and I miss it okay that would be disappointing you're in Trader rehab you missed the move but the upside benefit that's your only downside your upside is that you will be able to reset emotionally and get back to trading from a place of confidence and consistency

if you can consistently make $200 a day consistently $200 a day it's a th000 a week 1,000 a week that's $52,000 a year if you could do that consistently you will make back everything you've put into this

on a day like that when you're already at at you know Max loss what's going to happen is you're going to dig the loss deeper and deeper and deeper

when I hit my Max loss of minus $55,000 when I go down that much if I continue Trad I have an 80% chance of doubling the max loss and going down 10,000

so like back of Mind stretch goal at this point it's uh not hard to think that I could hit 500 this year we have three weeks left of November um if we have one or two hot weeks in there and easily get to Mid 400s and then we'll see um but like we were talking about earlier it could be dead you we never know so yeah just one day at a time we'll see what the market gives us and yeah um but yeah it's been a good year last year after 2022 was so hard and slow um I think really what I started to understand and realize was that I uh I was just buying too high every time I'm having a hard time in the market it's because I'm buying too high I'm chasing things as they're going up either because of fomo or whatever yeah and then I'll take losses or I'll barely get anything out of the trade and um so like like you were talking about with that huge red day anytime that I'm just struggling or in a draw down or whatever I always try to go back to basics and almost always the answer is I'm buying too high

my accuracy this year this year it's a little lower it's only about 65% and yet I've got $1.5 million of profit and the reason is because my average winners are larger than my average losers I have a positive profit to loss ratio

you're going to lose money you will actually uh accelerate your loss and so as I sat thinking about that um had had to spend a good amount of time in the car yesterday had a bunch of errands to run and whatever so I'm driving around I'm thinking about that and thinking about all right discipline is your ticket to success and if you can't feel good about yourself because you're having a green day you can at least feel good about yourself that you maintain discipline that you followed your rules and something that I often say is that it's not about consecutive green days it's about consecutive days of maintaining discipline because red days happen they're fine it's not a big deal now we get so fixated on always being green that we can get ourselves into a real trap where as soon as we're red we get emotional and then we get hijacked and then we give fomo we start spiraling and next thing you know because you didn't want to be down 500 bucks you're down 5,000 which is the stupidest thing in the world now humans you know obviously Naturally by aptitude are not good at trading we have to train ourselves to be good at trading and the biggest thing we have to train ourselves into is having discipline and even no matter how much training you have it's hard to fight that urge you think about a dog who chases a squirrel now no matter how much you try to train the dog not to do it it's going to be really hard for them to fight that just Instinct and it's a lot like that for us and certainly for me as a momentum Trader because I'm often trading things that are going higher and higher and so there's actually a little bit of a Chase Instinct all right so let's jump on to the Chart so finishing the morning here um $1,432 last trade was on bzi first trade of the day however was on lasc so I've got four stocks I traded green on three out of the four average losers today tiny if we looked at my metrics for today they're phenomenal accuracy was terrific profit loss ratio terrific yesterday it was not good now part of that was out of my control I couldn't control the fact that yesterday we didn't have any really good news headlines that's just the luck of the draw that's the way it goes sometimes but rather than accept that which would have been exercising discipline that part of me was thinking well maybe there'll be something a little later in the in the day that was sort of that intrusive thought and I gave that intrusive thought a voice and then I empowered it to start trading in my account for me where was I I don't know so not good so anyways um let's see so first Trad of the day for me today was on lse LC this stock um actually put in a really impressive move yesterday but you know what I did not have fomo over it um I will say as I was uh driving around running aand I did pull it up on my phone and well I pulled up my charts on my phone or my scans on my phone and this is sort of before I kind of got myself a little more centered but I thought oh is this going to be something I should look at for an after hours trade like amambo from Tuesday or for Monday now ambo on Monday gave us this really nice after hour squeeze if you recall where it went from gosh what was it um this thing squeezed all the way from about $350 up to $6 a share that was nice but you know those are a little bit of the exception not the norm and I thought I think part of me was like well we just had a move like that yesterday maybe people are going to be more AP to look for that today and I don't think that that's necessarily incorrect but uh but ultimately you know I I I sort of said to myself look your metric don't support you trading after hours so it doesn't matter what happens after hours you know you could have a stock that actually goes up and you still manage to lose money on it the way we had yesterday at otrk otrk goes up and I still lost on it so just because I look back at the chart and see something went straight up doesn't mean I would have made money on it I still could have managed to lose as I did on this one so first trade of the day lasc this one um you know sold off Monday we got the deadcat bounce which was more than we expected goes sideways goes sideways starts to pull away here goes all the way up to 942 yesterday and then pulls back so my first trade on this was actually um right at 7 a.m. so that's when retail Traders can begin trading for the most part and I jumped in it at about 823 for the break of vwap right here it ends up going up to about 868 which was fantastic I was like you know what that's awesome made almost $1,000 on that first Trade It flushes back down I bought the dip at 798 down here and it pops back up here it ends up coming all the way back back up to 880 so on my first two trades on it I'm up 1,300 bucks well first three or four trades it was the trades right in this area 1,300 bucks so I was like that's great then right here it squeezes and pushes higher so I traded it right there on the break through this flat top I sort of Saw resistance at about 860 we broke through 860 we pushed a little bit higher we go up to 9 and then I'm looking at this level yesterday which was yesterday's high 942 and for what it's worth I'm also kind of looking at the daily chart and I'm thinking you know this daily chart is not phenomenal it's a little sloppy the problem is um you know it's such a nasty pullback how much do we really expect it's going to bounce right it just doesn't really make sense so anyways um as it pulled away there um it comes up to 940 and I was like all right that's close enough to this blue line which is yesterday's high daily resistance so I said and you know what was really interesting is there was a big buyer on the bid like down here stock pushes higher that person cancels their order then there's another big buyer on the bid right here stock pushes higher and then they cancel their order again so when I saw a big buyer on the bid here at 26 what I was thinking was this is a that someone's putting these orders here to try to encourage people to buy the stock maybe so they can short it or so they can sell it but you know what's also possible is someone was putting those buy orders on the bid to cover a short position or perhaps to buy a long position but it's a funny spot to buy a long position it sort of makes more sense it might have been someone short covering and so when we came back down here to 25 26 I was expecting that big order which was like 25,000 shares to get cancelled but I start seeing people sell into it goes 25 24 23 22 21 20 18 15 13 11 10 98 76 5 4 3 2 1 and the stock doesn't drop and at that moment I said there's another there's there's this is Iceberg there's a big order sitting behind here and I bought 4,500 shares right there just, 1500 shares boom boom boom times three, 1500 shares starter size on a more expensive stock like this so 4500 shares and then I add right here for the break through the high so now I'm in 6,000 shares and this thing rips up here and I'm taking my profit off the table so that ended up putting me up about 2200 on lasc that was at about 851 but um in between my first trades on LSC a LC and that trade um I did have a small trade on otrk which was yesterday's kind of big momentum stock um that was when it popped up right here nice pop about a quarter million shares of volume sort of curls up I thought maybe you know maybe we get a little deadcat bounce on it anyways made 300 bucks on that nothing really exciting but after that trade in my first couple trades I was up 1,600 on the day when 8:30 came so 8:30 bottom of the hour bzi squeezes up over 100% And it does it really quickly so here's how I traded bzi first of all I saw BN bzi on my scanners it's not on my um top gapper SC or my high a day momentum scanner yet but it was on my top Gainer scanner and my low float top Gainer scanner moving up so as I saw it moving up I pull up the chart bzi is a familiar name we've traded in the past if you recall back here we had the reverse split on it it gave us this nice pop it pulls back then it gives us another big move 60 million shares of volume both days now it pulls back makes all-time low yesterday 267 low and then all of a sudden today news comes out and it starts popping up uh announces strategic business initiatives to improve net income by up to 13.5 million annually okay we'll see whether or not that actually happens but that was the news headline so it hits the scanners it starts pulling away and you know what I was pretty quick to see it I I spotted it fast and I jumped into my first order at 392 right here so it spikes up here and I take my first long at 392 anticipating the break through $4 a share it goes up to 418 and I'm like sweet I added at 404 and then it flushes on this red candle down to a low of 370 and I was like o uhoh okay this might have been a mistake it bounces I add on the dip at about 380 something it bounces back up to 48 and I got out I was like all right that was close let's let's stabilize for a second now I wasn't taking big size on it but you know I was a little concerned this this might not be good so it comes back up I get out for about $180 of profit something like that so $108 of profit not bad nothing crazy ends up going sideways here um and then all of a sudden it seems like we're getting some support down here there's some buyers uh coming in off of four and the spread are getting bigger so I added back at about 405 it pops up to 424 it dips back down to four I add again Still Still Holding $4 as my kind of this is my support level and then it breaks 420 which was the level I was wanting to see it break and hold and it goes up to 430 440 so what do I do so let me pull up my orders here all right so that was LC so so I added back 406 413 I take some profit at 431 then I add back when it shows it's holding so now here it's holding this level so I added back right through here for the Breakthrough 450 then it goes up to 460 so it goes up to 460 I take some profit at 466 now it holds 466 which you know I was like wow okay so then I added for the break of 470 it goes up to 475 and on that trade I got in and got out basically Break Even it kind of because I added right here it pops up and then drops back down so it's like a break even trade and the high of that candle was about 475 so then it bottoms right here and I said can it hold the half dollar of 450 it held 450 so then I added back and we broke through 475 and go to 480 490 up to five so now all of a sudden we're at $5 a share I took some profit going up to that level and then I added when it held over five I added at 506 I added at 523 I added at 531 I added at 542 I took profit at the half dollar and then I added back as it held over 550 for the move up to six so basically the same thing I did right here so added as we pulled away took profit it holds this level adding then took some profit then adding is it held five taking some profit adding as it holds 550 taking some profit as it goes up to six and then it Peaks up here at about $6 and 58 cents which was really really impressive ends up dropping back down here I gave back about $500 off the top on this drop it comes back down and what I ended up doing is um it pulls back down to this level and I'm starting to watch support it bounces there and it comes back down right here right here I double bottom added off of 67 4500 shares at 71 then it bounces from there back up to six which was nice it pulls back goes back below vwap comes back up and as it squeezes back up it comes back up to six so we break over vwap it's going to take a second so we come back up here to vwap I didn't take this trade here but right in here I took this trade for the Breakthrough six right about here we go to 639 640 that was my last trade of the day we come into the open and it dips and rips up to 680 and I was like awesome but I'm not going to push my luck on it I don't need to I've had a great day I've doubled the daily goal doesn't matter what happens from here on out and I feel the same way looking at hoo hoo this one hit the scans early and did a full round trip it goes from 450 to 740 and then all the way back down to 540 comes back up here at the open halts down drops and then off of this low it rips up jack knife jack knife jack knife goes up to 660 drops and now it's up at 8 you know what good for you guys who traded it I don't need to I made my money today I don't need to push my luck I don't need to take the risk I just don't need to felt the same way on SN this one popped up and did another round trip very similar to Holo so it pops up I I was like you know what maybe I took a small trade got in got out lost 30 bucks and I was like you know what don't push your luck it's not worth it so um yeah so Holo I mean look it's great to see this move I love seeing this momentum we had some nice momentum um on sun midweek or I guess that was on Monday beginning of the week and on those um on those trades or on on on sober uh sorry not son on sober sobr that one was a little tougher because I was red I had a red day on Monday I was r at the open or pre-market and it was like pre-market was dead and I was like well my window's kind of closed right you know based on the time of day when I make the most money my window had closed and so I was like well I guess I I guess I should be done and then sobr ends up squeezing outside my window so I was like gosh darn it um you know and similarly it would have been awesome if Holo had put in that kind of squeeze during you know the time of day when I'm usually trading and doing well but it didn't right we got one that did bzi and I suppose you know today's a day where look if I had stayed longer maybe I could have would have should have but at a certain point you just have to ask yourself is it really worth continuing take the risk because catching a jack knife which is more common once the Market opens because of Market orders and stop orders catching a jack knife in an instant can wipe out all of a sudden a third of your profit on the day and that's exactly what happened to me yesterday I hit my daily goal I overstayed my welcome I got caught in one jack knife then I got frustrated went back in got a second one went back in got a third one and all of a sudden just like that my day was gone it's unbelievable how fast it happened so this right now is an opportunity for me to practice discipline to say look that's great it's going higher it's good for momentum hopefully we see more of it I hope it goes to $25 a share I hope it keeps going higher but I'm not going to come back into the market I'm going to take the $10,000 of profit that I made this morning and I'm GNA keep that I'm GNA let my account be back at all-time highs let it keep growing and you know live to trade another day you know I see Traders out there who trade at such a kind of different scale than what I trade at you know they'll they'll have I mean they might average 105 10 $8,000 days green days like this but when they go red their red days are 30 grand 40 grand 50 Grand 75 grand $100,000 you know there's these huge red deck because they get stubborn they dig their heels in they average down they don't give up and next thing you know you get in something like this and let's just say you bought the top at $8 and now you're down a dollar a share you took 5,000 share starter now you've averaged down to 10,000 next thing you know it halts down and you're in with 15,000 shares you're down 30 grand and it's like how did this day unravel so fast and that's that's the trap in the market you have a couple wins and you get a sense of confidence that you know what you're doing but the market Market can humble you and then it can remind you that wait a second you know you'll do well when you follow your strategy when you stay within your rules but when you start getting a little cocky you start getting a little aggressive you can get corrected real quick so yesterday's disappointment that I had was a logical consequence for breaking rules you break your rules you have a loss you're going to be disappointed that's a logical consequence and I wish that every time I broke my rules that's what happened but the market is not like that so I have to be the one that sort of disciplines myself and reminds myself that I'm not being punished right now for following my rules yes this is going higher but know in your heart and in your metrics that if you had chosen to trade this you know statistics tell you your odds of making money at that time of day are diminishing to the point where anything you might have made you know in net total you might you probably would have given it right back so you know print out your metrics use this this as a reminder this is your North Star this is your guiding point right this is where um you know you look at this and it's like this is what I need to do every day so when you take a big loss and it's on a trade that's outside that window you know it's like well well no kidding yeah of course you know you're trading outside your window what are you thinking and I get that sometimes trading outside the window you know you'll get you'll get a lucky trade and you'll be like look at me I can trade I can trade all day long but what I have found is that one of the and this is also interesting for after hours Traders if I trade after hours you know 400 p.m. to 5: if I make a mistake there's no there's really not time left to recover that mistake and it's very easy for me to get triggered because if I've had a decent day and then at 400 p.m. I lose it it's like there's a sense that I had it all day long like you gave me a cookie it was sitting here all day long but I wasn't able to eat it until 5:00 and now at 4:00 you're taking it away that's not fun that's not good and that's kind of what it is like with trading after hours because you have the profit but it's not really yours until you walk away for the day right once you walk away and it's done then it's done but when you're still trading there's always a risk you give it back and so giving it back at 4M because I've had days where I jump in a stock at 4M I get smoked on it and all of a sudden emotionally triggered immediately and looking for anything moving to recoup those losses and that's not discipline that's not good so I just know for me that trading later in the day exposes me my there's sort of a there's a there's a curve if you will um and let me I'll turn this camera on so we can get out the Whiteboard there's a little bit for me of a um of a curve where if the longer I trade into the day um the higher the likelihood is of me getting triggered so let me move this around here a little bit so let's say um you know my day starts at the earliest at you know about 7 a.m. so 7 a.m. and then this is 6:00 p.m. all right so that's the whole day now what what we know about um about there's sort of two there's two curves here one we'll do in green which is going to be profit so what we know is that my profits typically are the highest they pretty much right well if this is maybe 630 here they go um pretty quickly like this my profits and then and then they they go down if even faster than that it's like it's not it's not a very even bell curve um and actually we could say we could almost say like this is this is zero and then this is like losing M below zero right so negative um because that's that goes into the negative and then here's the thing my uh this is my threshold for getting triggered my threshold for getting triggered goes up sort of exponentially where the the further into the day we go where and I make a mistake the more likely I am to get triggered and to spiral so spiral risk factor increasing exponentially this isn't as exponential as it should be it increases exponentially as the day goes on right here and at the same time and maybe it's because of you can't disconnect these two it's for the same reason that my profitability goes into the negative because statistically this is when I'm more likely to make these big mistakes is down here so what we would actually say is that this is this is profit profit profit profit profit profit and then all of a sudden down here is starting to go into losses maybe the losses aren't big in this area uh in total but their losses nonetheless so that's not this is not a perfect graph um where was this this is just the last 30 days right here which showed um you know that that's my stop point and this is this after hour stuff was getting really bad but you get the idea so you know and I share this with you it it helps for me to talk it out and you know put some kind of like Common Sense around how I feel about all of these things so this this is helpful for me but I hope it's helpful for you as well because this is all sort of the cumulative knowledge and and data of someone who's been doing this for a long time and still at times struggles so I'm always trying to kind of find the answer and find the PATH right so if I go off path I try self-correct quickly and I tell this to my kids all the time there's a Bernstein Bear book um about Brother Bear he's you know gets sick which you know that's not his fault but anyways he misses homework he doesn't do his school work for a few days goes into school and Pop Quiz in math and he FL he fails it he gets an f and anyways he he go he kind of spirals he skipped school the next day now he doesn't go to school now he's getting in trouble right and at the end of the book we learn that it's never too late to correct a mistake and I think that that's important because it's easy when you start to spiral start to go on a bad path like it's like how could I just like I wish this was like a game where I could just reload to my last saved point before I made all of those mistakes and in a sense you can because reloading to that save point while it may not put you back to that place of that dollar amount you can go back to the strategy you were trading and put yourself back in that mindset of discipline and if you could do that then you've already made back all the losses that's the thing there's that expression that uh all the Lo all the profit is there in the market you just have to go pick it up so you're going to take another 100 trades and you can either choose that those next 100 trades are going to be on the path of your strategy traded with discipline a quality setups or you can take 100 trades that are just grasping at straws where do you think you're going to be at the end of grasping for straws continued spiral continued losses blown up account or you you can self-correct so self-correcting requires a very high level of emotional awareness and discipline so what I was doing last night and this morning before trading was guided meditations right here on YouTube for discipline so you just do a guided meditation discipline 10 15 minute long uh there there was one I don't remember the name of it but anyways you'll find it if you want it um it was like 15 minutes long just do that a couple times just try to remind yourself this is my this is my ticket to success my ticket to success is discipline that is number one now obviously you need to have strategy you need to know how to find the right stocks to trade all you you have to have all of that first I mean I'll say that so trading is two parts it's strategy and then discipline so if you're looking for the strategy I'll put a link down in the description where you can download um you can do a week trial at where you're trading so you can watch over my shoulder for the next two weeks you can also watch my free intro class intro to-day trading where I walk you through my strategy and I'll give you guys all a copy of um my book how to day trade the plain truth so everyone that um watches that free intro class gets a copy that they can download so you can download this and then um yeah so I hope you do one of those two things and then when it comes to discipline I'll just keep sharing with you the tips and tricks that help me but discipline is a muscle and you got to strengthen it and it's it's not like learning to tie your shoes or ride your bike that once you've got it you've got it forever discipline is something you need to constantly work on and you'll see uh all all Traders at times struggle with it and you know look even even billionaire investors will make mistakes you talk you listen to Bill acman talk about um one of the biggest losses he ever had on Valiant pharmaceutical he lost something like4 billion doar and he talks about how he was going through a period in his life where I think he was questioning his marriage he was contemplating a divorce and you know all this stuff was all happening so you know all of those things that are on the periphery can come back in to your trading so if some of that stuff you know anything like that's going on then that's another level of awareness that like okay my threshold is going to be lower that trigger threshold that's going to be that trigger threshold is going to be even lower on a day when you're emotionally charged up from something else so I hope this has been a really helpful episode grateful for the Green Day $1,432 70 live to trade another day I'll be back at it tomorrow uh and I'll try to finish off the week Thursday and Friday with discipline you know at the sort of front of my mind all right thanks as always for tuning in and I'll see you guys back at tomorrow and I'll remind you trading is risky my results aren't typical so manage your risk take it slow practice this simulator before you trade real money and I hope to see you guys at Warrior trading for a twoe trial real soon all right see you guys soon

they are a little bit of a derivative which means their performance becomes tied to the performance of Bitcoin and unless you're going to keep a chart of Bitcoin up while you're trading them um it it it can be fairly difficult to find success so I don't usually like trading these types of derivatives um one of the other problems is that I feel like there are high frequency trading algorithms that are like actively calculating the price of Bitcoin as these are trading and sort of it it's just like there's a there's another level of algo involved it's not exactly the same as trading options but you know when you trade options They Don't Really vary Too Much from the value of the underlying asset in the sense that options don't usually go up a ton when the underlying asset isn't moving they they move to a certain extent in Tandem and that happens with a lot of these stocks are tied in with cryptocurrency

we know that stocks that are under 75 cents on the prior day close will halt How often every 15 cents and this isn't every time it goes up 15 cents but every time it goes up 15 cents in um less than 5 minutes from the the reference price so the way the reference price is established on a stock like this is we have um and I'll just grab my green marker here so we the price is moving up um so it moves up a little bit let's say it dips down I'm not going to do full candles you get the idea these are supposed to be candles and it moves up a little bit right here so the reference price for the halt is the average price over the last five candles so 1 2 3 4 5 average price equals sum divided by 5 reference is going to be about here so now for this stock to get halted it has to actually go up plus 15 cents plus 15 cents from the reference price so if the reference price is 88 cents here then it's not going to Halt until it hits a13 right it's got to go all the way up to that level to Halt and needs to do it quickly because if it moves slowly the reference price keeps updating how often every 30 seconds approximately so every 30 seconds the reference price is updating so in order for a stock to Halt up it needs to really pull away very quickly

I have found that I don't usually make as much money trading these low price stocks and one of the reasons is because these lower price stocks when they trade below a dollar a share they trade down to the one1 100th of a penny so if you looked at the level two of some of these stocks they could trade something like this 81 cents but the one that's just down to to the penny down to the 1/100th of a penny could be uh 8115 and then it could be by the spread 8116 and so what ends up happening when you have such a tight spread of one/ 100th of a penny typically if you bought a stock like this you would say well let's just say you you wanted to buy1 ,000 shares if you bought a 100,000 shares of this stock typically if it was above a dollar your spread is 1 cent which means you're risking a thousand bucks if if it goes up or down even just a penny but right here down to the 1/ 100th of a penny you're risking only and this is kind of amazing you're actually only risking boom take away those zeros 1 100th of a penny so 1/100th here equals not $100 of risk but just $10 $10 of risk $10 of risk so you can get in this with huge size but not actually be really in theory risking that much

so technically right there when it popped over seven that that was a dip and rip that surprises me though it surprises me because usually you don't see a lower resumption and then a squeeze up after the second Halt and that barely halted up it barely halted up because it thinned out right before the halt so now we're back back to showing eight so that was that was a little bit of a bail that was like a get out of jail free card because this thing when they open lower like that typically Panic selling they flush they drop and they halt down so that's unusual it's good to see for momentum Traders but unusual and it's probably frightening for shorts because what I would expect shorts did was put out sell orders up against this level because if this had halted down then it gaps lower and unless it comes back to the high you're in the driver's seat on that short and now you're just going to let it unwind right so now all of a sudden it halted up a second time but how confident do you feel about being long into this halt after what it just did right that affects sentiment because you see it halt up and then it opens lower and almost looks like it's going to Halt down on that panic and then squeezes back up

so what's going to happen on this resumption what do you think's going to happen well my guess and again this educated in tuition but my guess is if we be because of the weakness of coming from so high all the way back down that you're going to have people that just bail on resumption because there are some people that may have added as high as 709 so if they're in this at 709 they were feeling pretty euphoric for a minute there they're like oh my gosh 860 resumption this is amazing a dollar a share instant winner and now they're like oh my god what have I done uhoh uh uh oh gap down resumption now it's now it's showing a lower resumption 690 687 684 Panic it's going to drop that's what I'm expecting is going to drop 675

then I took a trade on LEDs LEDs I took this trade um it didn't have news but it was a continuation setup and what's interesting about this is that all of a sudden it starts to pull away so I got in for the break of two it goes up to 2115 and then suddenly it slams down a big sell order goes through and the limit was a183 so what happened was someone sold probably 30 40,000 shares with a Aver with a limit order of a183 so what happened is it swept the price all the way down to $183 and then the remaining 20,000 shares was on the ask at 183 so what I ended up doing was averaging down on that trade at 183 it popped back up to two and I got out still for a loss of $572 not a great trade I don't like averaging down but in this case there wasn't a catalyst that resulted in the 30 Cent drop so I thought it was sort of likely someone who was holding probably from yesterday unloading their position and unless they had more shares to sell it would probably pop back up once they had sold and that is what happened

so syu pops up and I said you know what I'm going to let it pop up and I'm going to see if it can hold this level so as it first pops up right here it goes up to a high of um a188 right here it pulls back and as it pulls back I said all right it's we've got our first pullback right here and so I got in as it curled back up here it goes from a188 up to $1.95 up to 3 up to 35 boom I took that trade with 10,000 shares I got in I got out I locked up $1,600 of profit it then pulls back and I bought this dip down here and it pops back up to three I took that profit off the table and that was it those are the only trades I took on syu so I got two trades on SAU I didn't overstay my welcome both are green I'm up $2,243 51 on it by the way there's my p&l for the day

we're continuing to see at 9:30 at that opening bell the algorithms are turning on and those algorithms are making it more and more competitive to try to trade at the 9:30 opening bell until 4 P.M

I'm going to share with you the changes that I'm expecting to see in the world of day trading over the next year and I'm going to walk you through step by step how you can optimize and adapt your strategy so you can capitalize on the opportunities that I'm expecting to see.

I'm confident it will reach $130,000 by 2025.

I'm confident it will reach $130,000 by 2025.

I'm confident it will reach $130,000 by 2025.

I'm confident it will reach $130,000 by 2025.

I'm confident it will reach $130,000 by 2025.

I'm confident it will reach $130,000 by 2025.

I'm confident it will reach $130,000 by 2025.

I'm confident it will reach $130,000 by 2025.

I'm confident it will reach $130,000 by 2025.

I'm confident it will reach $130,000 by 2025.

I'm confident it will reach $130,000 by 2025.

I'm confident it will reach $130,000 by 2025.

so we've got to really understand why is it that this thing is spiking because if it's popping up and there's no news whatsoever then for all we know it's know a WhatsApp group sending an alert to you know 100,000 people and there's no real fundamental reason for the price to go up and it's probably going to come back down in which case if I buy it I'm just I mean I might make money on it but it's very possible that I'll get caught into too high and then end up taking a loss and I don't want that to happen

so that means starting by focusing on stocks that closely fit within the profile are moving fast and we have confirmed what the catalyst is that's bringing the volume in because that's also going to help us understand whether or not more volume is going to keep coming in or if it's just going to pop and then fade and roll over

aqq this one high of 21 has pulled back could be interesting if it breaks over 21 or 22 but I think the price um because it's a little more expensive it's going to be harder to trade

uavs this one's given us some moves and is worth keeping an eye on because if it can break over 10 realistically we do have room on the daily for a curl back up the 200 is all the way at $45 a share so we could get a curl on that so uavs is also going to go on a side chart

SMTK uh float's fine price is fine so this one uh what it needs is kind of tricky cuz it's right below its 200 moving average on The Daily so you got the 200 there so it needs a catalyst to break through so if it gets breaking news that's the Catalyst we can work with that but if we don't get some fresh breaking news then you know there's there's nothing we can really do

so Zena I will I will also put on my watch list uh for Monday because it had this big spike pulled back bounced up and if this continues if it can break over 10 maybe we had have a shot at getting back to 12 but what I really think that this one needs is a fresh Catalyst fresh news

UMAC was an interesting one because although it was choppy at the beginning of the day I mean I had my first entry like 10:45 and I still managed to lose on it it had a nice squeeze here going up to 20 so I hate to say it but it looks good going into to the close I mean it closed strong on Friday so is it going to give us more action on Monday look at the daily chart do we have any nearby resistance daily chart Big Green candle 50 60 million shares of volume on Friday plus another let's see it was 56 million on Wednesday so it's got a lot of volume that's good ascending resistance if you connected these two candles honestly not super valid anyways cuz these were both on such light volume this is just it's so much more volume it'll override that so there's no resistance on the daily chart it's a blue sky setup the Catalyst here was um a trump related Catalyst that Donald Trump Jr is an adviser for this company

even if we become fully integrated with 24-hour markets I think there will continue to be Windows based ultimately on when companies are most likely to put out news which will be based on when people are most likely to be trading in the markets and so that's going to be based on certain times when you're going to get us Traders west coast East Coast West Coast Traders European Traders and Asian Traders all together for that little window of the day that's when the magic is going to happen that's when we're going to see the peak of volatility

putting out news headlines in the middle of the night I don't think it's going to be super popular but again there's a lot of companies listed on the US market that are Australian we've got a lot of companies that are from China that are on the US market So currently those companies could put out news at 2:34 in the morning and trading begins at 4:00 a.m.

I don't see that being very likely because these companies they want to put out news not just to create a short-term Spike and then the price comes right back down they want to see their company to continue to Surge up on volume especially small cap companies because what a lot of these small cap companies are doing is they're putting out news headlines they often have a shelf registration and they need that high level of volume to support their ability to raise more Capital

but what's ultimately going to create sustained and Lasting volatility will be the news so it's going to be the companies that themselves have to decide I'm not going to put out news during the 7:00 a.m. to 9:30 window or the 400 P p.m. to 5:00 P p.m. window we're going to start putting out news headlines at 8:00 at night or at 9 or 10:00 or whatever the case is 2 in the morning

I think we could start seeing that all of a sudden 1:30 in the morning there's you know a bunch of Traders jump on a stock that starts spiking it hits the high day momentum scanner it goes from $2 to three to four to five but how many people are really sitting and watching at one 1:30 in the morning

there will continue to be no stop orders no Market orders no good till cancel orders and no options trading during these extended hours because that's currently not the way the the market has been set up

my guess is it's going to go away eventually once the exchanges come on board they're going to kind of set the rules because it it wouldn't be allowed for one broker to say we're no longer offering trading when other Brokers will continue allow trading

currently there's a limit to large moves during extended hours there is less liquidity and the problem with that is let's say you had someone like Warren Buffett who's got you know $350 billion dollar of cash let's say at 1:30 in the morning he took a couple billion dollars and started buying the S&P 500 there's not going to be a lot of sellers at that time of day there's no stop orders there's no the good till cancel orders are not on the market so there be the potential that a really large order could move the entire Market substantially

I think they're going to have to also take away this 20% restriction that's that's my guess

if all bad news headlines were released at 2 a.m. and all the good headlines came out at 7: a.m. Regulators would take issue with this practice I think that that would be a problem

companies will be inclined to put out bad news in the middle of the night hoping Traders will forget it

I'll be trading up until pretty much the open 9:30 and then slowing down uh up until 10: and that's kind of what I'm going to focus on to finish out the month of October

if the Market's hot you know I'll push it a little longer if it's cold I'm going to be done you know maybe around 10

for me if I have the approach of coming in early being as aggressive as I can at the beginning of the day when we've got stocks with news and then leaving you know 10 a.m. hard stop

be more aggressive at the beginning and then taper down as the move continues

I'm going to focus on trying to catch high quality setups not overstaying my welcome and so that means number one being aggressive front side of the move

if you looked at the level two of some of these stocks they could trade something like this 81 cents but the one that's just down to to the penny down to the 1/100th of a penny could be uh 8115 and then it could be by the spread 8116

we halted at 709 so resumption there right there look at that all the way up to 709

showing a $25 resumption a $10 1310 979 so resumption is coming back down it's still looking pretty nice 1010

we halted at 58 so resumption there right there look at that all the way up to 709

what I ended up doing was averaging down on that trade at 183 it popped back up to two and I got out still for a loss of $572

I got in for the break of two it goes up to 2115 and then suddenly it slams down a big sell order goes through and the limit was a183

I got two trades on SAU I didn't overstay my welcome both are green I'm up $2,243 51 on it

syu pops up and I said you know what I'm going to let it pop up and I'm going to see if it can hold this level so as it first pops up right here it goes up to a high of um a188 right here it pulls back and as it pulls back I said all right it's we've got our first pullback right here and so I got in as it curled back up here it goes from a188 up to $1.95 up to 3 up to 35 boom I took that trade with 10,000 shares I got in I got out I locked up $1,600 of profit

notice the Divergence of heavy volume selling light volume buying this might be a trap

I don't usually like trading these types of derivatives um one of the other problems is that I feel like there are high frequency trading algorithms that are like actively calculating the price of Bitcoin as these are trading and sort of it it's just like there's a there's another level of algo involved

over a dollar a share you're stuck with one cent spread right you you can't trade for the hundredth of a penny or even the tenth of a penny you're doing a full one-cent spread so 100,000 shares all of a sudden it drops 5 cents you're down 5,000 bucks

stocks that are under 75 cents on the prior day close will halt How often every 15 cents and this isn't every time it goes up 15 cents but every time it goes up 15 cents in less than 5 minutes from the the reference price

I took my first trade right about here at A110 for the break through the highs I was looking for the break through the high of day and I I was hoping this might halt up

it's going to be hard to find really good valuations in this kind of Market

then come January does reality set in and the market starts to roll over you know is this a lot of enthusiasm of just OV excitement

number two not expected to see an increase in corporate tax in a republican Administration that's going to help the bottom line of a lot of these big companies

the financial markets are excited about the short-term prospects of trump coming into office because it means that we likely won't see increased regulation of big hedge funds big Investments Banks and the stock market in general

I do think it's still time for me to continue to be pretty aggressive

we're starting to pull away and this is interesting because I don't know if this you know is the beginning of a move up that's going to last for you know two years or if this is just just you know a little blip

Putin saying oh this is going to be really good for Ukraine

the SEC I think chair man um Gary Gensler the one who you know of course um was in involved I mean you know with crypto um regulation stuff like that sounded like he's stepping down in December

knowing that Trump had I know it's a campaign promise who knows if it'll be kept but that you know he'd be really good for cryptocurrency

so I think small cap Traders we in a good spot doesn't mean tomorrow Monday is going to be a home run day but I think generally speaking for the next 6 12 months we're positioned pretty well

they do so this is a company that could sell more shares

ending um the 2017 uh tax cuts but there was also the very real possibility that capital gains taxes would go up there's always been speculation of a transaction tax that Democrats have wanted to uh put on Wall Street

I think if uh we have Trump or or you know Republican party take control uh the presidency then short-term Market's going to rally and then you know over the next four years it may not perform as well as if there was a democrat in office but I think um I think if he does get elected we'll see a rally in the market uh in in November

now we're showing 760 the resumption is clearly coming down 755 so it's it's like it's funny because it's in a sense it's trading right now the price is moving but oh my gosh now 717 715 uhoh see I now I don't like the look of that not one bit that that is a major shift in sentiment from 860 initially 13 then 10 then 11 then 9 then 8 now 818 so what's going to happen on this resumption what do you think's going to happen well my guess and again this educated in tuition but my guess is if we be because of the weakness of coming from so high all the way back down that you're going to have people that just bail on resumption because there are some people that may have added as high as 709

so we halted at 58 so resumption there right there look at that all the way up to 709 so you know what that tells me that tells me that some shorts got trapped on that because let's be real that doesn't really make sense it doesn't make sense but if some shorts got trapped then all of a sudden they're forced to cover so that's a very strong halt up and now holy smokes showing a $25 resumption a $10 1310 979 so resumption is coming back down it's still looking pretty nice 1010

we do also have the election of course coming up this week uh so that's going to throw a little bit of a wild card out there it could at least um depending on what happens so you know that's something that we've got to be aware of some volatility around U around the election

so probably the the safest bet for me would be coming in on Monday um you know just to be just to be a little cautious try to build that cushion and then if I get the cushion pretty quickly and pretty easily then I'll be like okay time to size up and be aggressive but if I can't get that cushion um you know easily than just stay with small size on Monday so that's probably the safest beted just to size down a little bit Monday try to build the cushion beginning of the week before I do anything too crazy

now of course if I have a second red day on Monday you know two red days in a row then that's when I end up putting myself into a Trader rehab going into Tuesday

my plan on Monday for the most part is to come in pretty much you know the same as today looking for stocks with breaking news because of course that does work well and we'll see what the momentum looks like we'll see what the volatility looks like a monitor the spreads and if I think I can manage risk and we've got something that's got breaking news and you know it meets the profile the float the price everything else I'll take some trades and we'll see what I can get

if that happens is we'll end up going into a colder cycle where everything that pops gets reversed until you have one that pops shorts try to hammer it back down but the buyers are there because the underlying news is really so strong that this is going to go higher and then shorts get squeezed out and you get that massive second push and then that pull back and then next thing you know it's it's you're getting another stock like drug that goes up you know 2,000% in one day

you know today is a red day but Monday could end up being a $50,000 Green Day like last Monday was so it's really going to depend on the quality of the news headlines that we get on Monday and if we have some really nice news headlines we have some stocks that really meet the profile that has worked so well through October then you know I think Monday will be fine

We do also have the election of course coming up this week uh so that's going to throw a little bit of a wild card out there it could at least um depending on what happens so you know that's something that we've got to be aware of some volatility around U around the election