Day Trading Bitcoin Sympathy and Private Placement News
Published: 2024-11-20
Status:
Available
|
Analyzed
Published: 2024-11-20
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The speaker had a $100,000 trading day on BTCT the previous week.
"my $100,000 day last week was on btct"
Pending
The speaker has a history of trading derivative-like instruments that move in correlation with an underlying asset, such as trading BTCT as a proxy for Bitcoin.
"in the past I've done this where I'm focusing on this chart here but I'm not trading what's on the chart I'm trading something else it's it's a type of derivative"
Pending
XCUR experienced a 140% price increase.
"and then the additional 140% move or whatever it was on xcur"
Pending
A trading strategy involving aiming for 10-15 cents profit per share daily.
"what I want you to do is focus on getting 10 15 cents a day per share of profit 15 cents"
Pending
A phased approach to trading profitability, starting with a $15 daily goal for several months to build a track record.
"if you could focus on consistently making $15 a day and you can do that for 6 weeks eight weeks a couple months three months four months you're proving with a track record that you know what you're doing"
Pending
A progressive scaling strategy for traders, starting with 100 shares and aiming for $15/day, then doubling shares to increase daily profit to $30, $60, and $120.
"if you can continue averaging $115 a day of profit with 100 shares real money then you start going from 100 to 200 you go 200 shares you're starting to get up towards $30 a day a profit you go to 400 shares you're getting towards 60 you go to 800 shares you're getting toward 120"
Pending
BTCT was the stock on which the speaker had a $100,000 day and has been the most profitable stock for them this year.
"my $100,000 day last week was on btct in fact it's probably the stock I've made almost the most on this year"
Pending
The speaker made $10,000 on BTCT during a trade initiated as Bitcoin began to squeeze upwards.
"as Bitcoin start squeezing up I've got my chart up for btct and btct was already up pretty nicely as you could see right here it already popped up it pulled back and I got in right here as it broke through this level boom 10,000 bucks right in that candle and those two candles"
Pending
BTCT has a 2.1 million share float and was the speaker's first trade of the day at approximately 8:15 AM.
"so btct 2.1 million share float that was the first stock I traded today and that first trade was around 8:15"
Pending
FBRX appeared on a scanner for stocks with floats under 5 million shares, indicating potential volatility.
"now as fbrx is moving its way up the scanners it's on the lowf flat um top Gainer scanner moving its way up this is a scan that searches for stocks with floats of under 5 million shares"
Pending
FBRX had news of a private placement, which is a different type of offering than a direct offering on the open market.
"I saw that it had news of a private placement um now private placements are interesting and should be differentiated from maybe a direct a direct offering on the open market"
Pending
In a private placement, shares are sold directly to an institution that provides funding, and the institution can then sell these shares.
"a private placement instead gives shares basically as a sort of off-market transaction directly to a private institution and the private institution writes the company a check so the institution is issued shares which they can go ahead and sell"
Pending
FBRX secured $53 million through a private placement from an institution, which also suggests no immediate need for another secondary offering.
"number one that an actual institution was willing to write them a check for $53 million that's a lot of money we now also know that we don't really have to worry about another secondary offering for a little while because they just raised a lot of money"
Pending
Direct offerings on the market tend to sell shares to retail traders who may not be savvy investors, potentially leading to them becoming 'bag holders'.
"when a company does a direct offering right on the market they're selling shares mostly to retail traders who historically are not the savest with when it comes to knowing what to invest in so a company that just dumps shares out of the market is basically just selling them to retail traders who are going to be bag holders"
Pending
Shares sold to an institution through due diligence represent a higher vote of confidence compared to direct offerings to retail traders.
"when instead these Shares are sold to an institution that has you know their due diligence team and this and that they know you know they know what they're doing and they still write the check for 53 million that's a different that's sort of a different standard and that's a higher vote of confidence"
Pending
While some view the private placement as bearish due to dilution, the institution may eventually sell shares on the market.
"so anyway so so that's the headline um some people think it's bearish because they're diluting the value to raise money and it's true that the the institution that they sell to could decide to um sell these shares and you know dump them on the market and they they probably will at some point"
Pending
The speaker made $400 on their first trade in FBRX, which briefly rose to $8.50 before dropping.
"I got in my first trade right in this area and I made about 400 bucks it pops up to 8 it goes up to 850 and then it drops back down"
Pending
FBRX broke through $8.50, moved to $11, resulting in a $3 per share gain.
"it breaks through this level of 850 it goes straight to 9 950 it pulls back and then it goes from 950 right on this micro pullback I'm adding it goes up to 10 Micro pullback there I'm adding it goes up to 1050 it goes up to 11 boom just like that you've got $3 a share"
Pending
The speaker's P&L on FBRX peaked at approximately $18,000 for the day.
"right there I Peak at about 18,000 on the day"
Pending
The speaker bought into a halt down on FBRX, anticipating a rebound, and took profits when it opened higher around $10.
"it then ends up halting down I buy into the halt down thinking it's going to rip back up little bit of a risky move but I did smaller size it does open higher at about 10 I take the profit"
Pending
The speaker entered FBRX with 2,000 shares and profited from its squeeze into two upward halts.
"I buy 2,000 shares not a big position for me I'm already up 18,000 on the day or something like that anyway so I get in here and it squeezed into a halt up uh and I take off uh some profit right right away into the H tub it opens goes into a second Hal take more profit off the table"
Pending
The speaker reduced their risk on FBRX due to excessive halts and concerns about risk management.
"it halts up but I only do small size it opens higher at 16 halts down and I was like you know what I feel like I'm kind of playing with fire right now because these halts are making it it's just it's I I'm not managing my risk super well"
Pending
FBRX traded between $17 and $19, with $19 being the high of the day.
"it goes from 17 to 19 back to 17 and that was our high of day"
Pending
The speaker is optimistic about their current position going into Thursday and Friday trading.
"hopefully that has us positioned well going into Thursday and Friday"
Pending
Traders should aim for a profit of 10-15 cents per share per day.
"what I want you to do is focus on getting 10 15 cents a day per share of profit 15 cents"
Pending
Consistently making $15 per day for 3-4 months demonstrates proficiency and builds a trading track record.
"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"
Pending
After achieving simulated profitability, transition to real money trading, aiming to average $15 per day with 100 shares, then gradually increase share size.
"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"
Pending
A trader named Danny focused on making $8-$10 per day for his first 6 months to achieve profitability.
"Danny he's a member at Warrior trading who's earned his profitability badge and he's getting ready to upgrade to the next badge and so we did an interview where we sat down and talked about his strategy and he shared and reminded me that for his first 6 months he was just focusing on making 8 $10 a day"
Pending
The speaker's P&L peaked at over $20,000 for the day, with about $1,300 given back.
"I think I peaked at maybe just over 20,000 on the day and gave back maybe 1,300 or so off the top"
Pending
Before today's trading, the speaker was at $219,000 for the month, with a goal of $400,000. After today, they will be around $240,000.
"I'm sitting at 219,000 oh now that's tough I set a goal of 400,000 so um well this was well let's not forget this was 219 before today so I'll be at about 240 after today"
Pending
Despite being $160,000 short of the $400,000 monthly goal, significant profit days can quickly reduce the deficit.
"I'm still 160,000 shy of that goal but when you see days like this or days like this or like this you realize it doesn't take many days to really put a big dent in the monthly goal"
Pending