Big Momentum with $FOXO +774% and $BTCT +350%

"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"

"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"

"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"

"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"

"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"

"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"

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

"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"

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

"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"

"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"

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

"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"

"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"

"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 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"

"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"

"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"

"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"

"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"