I'm RED on the Biggest Percentage Gainer in the Market Today
Published: 2024-08-26
Status:
Available
|
Analyzed
Published: 2024-08-26
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
BNI popped and dropped, then rallied. The interesting aspect is an offering priced at $5/share, which is double its current trading price, suggesting a strong sales pitch or a belief in future value.
"BNA did the same thing it popped and dropped but it did end up it's now rallying back up which is fine that's an okay setup for a curl the interesting thing with this is they have an offering priced at $5 a share but um well it's just kind of interesting because I was saying like they must have had a really good sales pitch because they sold stock for twice its current trading price"
Pending
OBG had a recent reverse split and halted up, but with no fresh news and potentially high risk in the current market conditions, the speaker decided not to trade it.
"OBG recent reverse split but that's the only Catalyst there's no real real fresh news on it so it actually halted up but I was like I can't trade this guys not today on a day when the market is hotter maybe I would take that risk but not right now"
Pending
ASST showed a pattern of light volume buying followed by tremendous high volume selling, indicating a rejection and a move back down on the day. The speaker was glad they waited for it to prove itself.
"asst sort of popped up and then came back down it did rally back up lxt came up and I was like I'm not going to take it I got to wait for it to prove it prove itself to me and I'm really glad I said that because this thing pops up on light volume look at how light the volume was on the bottom buying then the selling volume was tremendous so light volume buying high volume selling comes right back down it's now down on the day"
Pending
The speaker identifies PWM as a stock worth watching for continuation, based on its performance as an after-hours top gainer, which is a scan they regularly use to identify potential watchlist candidates for the next day.
"I said pwm worth watching for continuation so on my scans here one of the scans I like is the top is the after hours top gainers and I look at this most days just to see what was strong basically after hours either yesterday uh if I'm looking at it in the morning or if I'm looking at it like 8:00 p.m. or 9:00 p.m. was there something that was strong after hours that I missed because that could be the watch list for tomorrow"
Pending
RDHL experienced a significant price jump from $9 to $12.50 after news was released at 7 a.m., which the speaker found impressive.
"rdhl had news that came out at 7 a.m. and the stock pops as you can see right here from $9 to 10150 11 all the way to 1250 that is pretty impressive I mean you you can't disagree with that"
Pending
MRM was identified as a leading gainer with a significant move. The speaker notes it's 'ridiculous' and exhibits a lot of 'chop,' making it difficult to trade.
"I saw PMW and mrm were leading gainers and I saw mrm was up a lot and I was like whoa okay that's a big move so if you watch my recap on uh that I upload yesterday morning I recorded it on um Sun Saturday night but my um my weekly game plan I said that I would be watching mea and PMW because both of those were strong on Friday after hours in fact and this mrm is like this thing is ridiculous look at the Chop on this"
Pending
The speaker took a $200 loss on MRM, trading 5,000 shares and stopping out when the stock did not curl back up as anticipated.
"so I only traded once I took a loss on it and my trade on this was uh right here I bought right here thinking we were going to curl back up and I just stopped out for $200 loss and that was on 5,000 shares"
Pending
ASST was the speaker's biggest winner of the day. They entered on an initial spike after 8 a.m., anticipating potential news, and bought a dip with 5,000 shares as it squeezed from $1.80 to $2.30.
"and then ass is my biggest winner and this was one where starlink kind of got me a little bit so I jump in asst as it's popping up on this initial Spike right here and I thought because it was just after 8: a.m. I was like there might be news on it I'm not sure but let's just watch this first pop so it pops up right here it squeezes from 180 to 190 to 210 to 225 to 230 it dips down and once again I bought this dip right here I bought uh 5,000 shares"
Pending
The speaker implemented a new trading strategy of not increasing share size until they are up over $1,000 on the day, which has led to significant positive transformation in their trading performance.
"I said basically don't increase share size unless you're first up over a thousand bucks and then have at it and that has been such a big transformation for me I wouldn't have thought it would be such a big transformation but it really has been"
Pending
A key trading realization was to start with small position sizes. If the initial trade results in a loss, the loss will be minimal, and increasing share size to recover losses is detrimental.
"start with small size and if the market is cold you'll go red but the loss will be small and if you don't see any chance of recovery don't increase your share size because that was my biggest problem I'd go red and then I would increase my share size to try to recoup those losses"
Pending
The speaker describes the market in 2023 as slow and difficult, which led to a feeling of being 'beaten down' and 'beat into submission'.
"the market was slower I was feeling kind of beaten down like every time I felt like I stepped up to the plate I got slammed back down and so the market kind of beat me into submission last year"
Pending
February of the current year was a breakout month for the speaker, generating $130,000, which was their best month and better than any month in 2023.
"February ends up being a solid $130,000 for me which was remarkable I was really impressed that was the best month I didn't have a a single month I don't think that was that good in all of 2023"
Pending
March was a challenging month, ending only slightly green, prompting the speaker to analyze their trading metrics to identify what was working and what wasn't.
"March ended end up being kind of like a very small green month and then I spent time in March at the end of the month looking at my metrics and asking myself what are you doing that's working and what's not working because that month was not so fun"
Pending
For the remainder of the week, the speaker's plan is to trade with a 'get in, get green, and get out' approach, with a goal of not trading full 8-hour days due to being on a traveling trading setup.
"my plan right now for the rest of the week is that I'm going to show up I'm going to kind of like try to get in get green and get out and part of that's because I'm on my traveling trading stage and my goal this week is not to trade 8 hour days"
Pending