I'd pretty start to the Monday again, the biotechs are going crazy. All the hype with all the FDA approval and data releases. This one a.m. RN was actually halted on Friday and they uncoated Friday afternoon after the announcement of FDA approval of one of their drugs, and today I was gapping up huge.

All time. High was 24 60s. You can see on the daily chart and pre market was gapping up to 27, 40s and kind of just start selling off, and so the plan the 4p market was too long. The bounds you see in this 20s for 60s area as a risk and selling into the push you know taking advantage of the volatility as a market open and if there's opportunity we can flip short.

So I loaned pre market as you can see at longest dip. Here after this wash and selling some here before, the market opened - and he was holding before this - this higher low before the market opens. So that's a good sign so selling into every push towards $ 26, and you know like after it was a holding this twenty. Sixty area, I just Cutt, know the last piece of it at 25, 80s and the stock just sells off, and over here I was watching for another seminar set up, extend this sell-off.

I was lonely in the washers and selling into this previous 24 60s area. Right. It's just a tiny scalp. You know the the best ad was 24 20s and selling into known this pop, because you know again, 24 60s previous the whole time high and using that level and seeing how it reacts to it.

It was really weak around that level and that's why I sold everything and after I see it, slam down rejecting the previous high and going right down the day. This is previous red to green line going red on the day. That's where I scalped some no small size shorts, and I covered everything here and of course you know there's more down here, but I was all out, I'm not short, because you know I made my money on the long side in the frontier long here on the Bounce and all along here on the bounce, and sometimes it's hard for me to flip short and using like the same size, a lot of times. You know when I flip the other side, I usually you know, use smaller size.

That's just kind of how I trade and how I protect my downside, and I don't want to get you know too sloppy when I'm going low short, so that was a nice start to the day, the next one, a xsm, so this one they had, they were Trading higher after the company announced some positive phase, three study to some depressive disorder and met primary endpoint, blah blah blah blah blah the stock, basically gapped up from $ 49 previous day to a high of $ 86. It doubled overnight. So, like you know, if you are long-term investor, you probably want to take profits when, when your investment doubled overnight right, especially if you were loan from you - know, $ 15, this used to be a penny stock. This used to be like at like five dollar level like look at this.

This was, I had eight dollars what like a year ago so, like you know so I imagine after the stock doubles overnight, the people would actually want to take profit, and that's why I was leaning. In short, the idea was to show any pops. I thought you could pop to $ 95 so like this is actually just a small size. I was anticipating even more pop on this pop, but I'll never got there and that's why I just had like a small quarter.

Size short, but that's, okay. You know because of stock. Actually you know after I shorted this 84 30s and flushed down to a low of 7688 and a lot of the best cover was $ 74. So that's so nice.

You know, like you know what what is that somebody do? The math for me five, six, seven point something like that: even with just a quarter size so also nice short in the front, and I left it alone in the middle of the day and on the other end of the day. That's why I went long. You know I was thinking: okay, I'm gon na loan, this I'm risking the op and selling. You know for like a quick, scalp bounce, bad idea.

You know this is why I mean by a lot of times when I'm short or long on the first trade and when I go back and flip the other side. I make mistake and that's why you know when switching buyers, my size is always a lot smaller. So I'm actually trying to long this, and you can see a loss on this long right. I try to scalp some bounce.

You know not the best entries and not the best exits and sort of loss on this. Second, trade here gave back some profit from the morning short now straight on the day and i RM. So this one is just purely a momentum trade because it you know a low float. I think they have a flow to 4,000,000 forming shears.

So that's a low float, it's a smoke at 188 market cap. So that's right! You know the news they had some news before the market opens: they complete some successful, pre and DA meeting with the FDA. It's not positive data. It's not like FDA approval.

You know this is just you know: they have successful meeting. That's not really that big of a deal. The fact that it ran was because it's a low float right with momentum. These low float pigs were running, it was also breaking all-time highs.

All-Time high was 1560, so that's why the stock was pushing. So I was only in a wash after the force first halts here, the stock dipped down to I think 1580s, 1560s, and that's why I loaned on the Washington so sell me into every didn't: do every single push and unfortunately I was all out. I'm this push towards $ 17 because I thought you know it was trading kind of sketchy. The spirits were huge and volume wasn't consistent, and that's why I was out of my moment here and of course I missed everything up here, but I have to protect my downside right and I went back too long a few more bounces here and here and you Know for tiny, tiny scalps, but you know again the price action wasn't the best.

So that's why you know I I took no, why I can and just left it alone and miss all the backside and everything else, but it's still a nice way to start the Monday. So we had some nice follow-through with the smoke caps in the first hour today and as usual, let's start where the lose on a day. First, a DM s, so this one, I think, you've seen me, play similar setups a pdn, and what's this other offering play, I forgot some other penny stock. But today a TMS had some bad was a phase two or phase 3 data release.

So the stock was halted from $ 7 and waiting on hold. It was around $ 5 and holds down again on the volatility hold because everyone's trying to sell and when open they opened at $ 4. So that's where I was thinking: okay, like maybe who can try to bounce this thing you can see. I got long here around for 12, the risk was gon na be $ 4 and I should have sold into for 40 48 men, but I was waiting for 450.

You know that two cents ended up costing me about ten cents. You can see. I stopped out around 396 so like that's what like in the next instant lost and they're like. Why why I got out accident and flipped short, does he have seen me do that you know a couple of times in the past before I'm not proud of it.

So I you know covered the shooting was accidental and it ended up working well on the short side and in the long side, but I was all out so this is a loss on the day I am GN is the next play on the day. It was gapping up due to you know some news about accelerated approval study for one of their drugs. It's not FDA approval. It's not positive.

Data is just accelerate the study. It's not real news and the stock has you know my history of gapping selling off the gap that you can see. You know dilutive chart. You know lots of bag holders on a daily and that's why you know I was leaning in short pre market, and I showed it here and I was waiting for a little bit more of a pop to add even bigger.

But when it kind of starts working right away, pretty much at the market open, that's why I added in bigger size - and I was covering into the washer. So that's nice, you know honey cents game here and then I was a little bit higher here. So, overall, you know nice game to start the day, and this way I added a little bit more onto my short and when start wearing a starts reclaiming this 450 area right here and that's where I covered it here. You know what like I didn't want to.

Outstay my welcome because this, if it way and reclaims a 450 area, it could start grinding up like it did later on the day and back towards the highs, possibly 470 and even five dollars. So I don't want to be stuck in that. So this is why I covered everything here and goes out of the straight short. The other one was PTI, so this one was kind of tricky because they seems like the headline was positives right.

They released positive face to top-line results from long the drug's, but the thing with PTI is yeah: it's positive news, but guess what look at the any chart? It's been bought up from $ 1, all the way to $ 4, so people were buying the stocking and patient of the positive data release, so tween priced in right. This is the same way. Why sometimes, when stocks have good earnings sell-off it's because it was even pricing, it has run out from $ 1 to $ 4. So that's four hundred percent return, if you were you know in the stock loan in the anticipation of the drug trial.

So that's why the stock was selling off such as this from $ 5 to a low of two 40s pre market, and you know I was early and that's why I caught a piece of a here. Pre market. You know early bird gets the worm. It's like 7:40 a.m.

Eastern Time shorter here and then you know when it starts working out. Oh okay, great now, I'm gon na short on every single bounce and this we're adding an even bigger here and was covering some into the washer covering some more because the markets about to open and you kind of didn't pop at the market open. That's where I covered into this area, because I was thinking okay like pre market low, is starting to hold and it just kind of keeps on selling off you know, stock was extremely weak. Everyone.

Everyone who bought up here was in a hurry to sell today, and also at a pre market of course, so CVS. This is a large cap. Negative news release play so the Justice Department was suing CVS over Medicare prescriptions for the elders, so they were not. They did not have the permission to do so, yeah that did it anyway, so they're being sued and, of course, that's extremely negative.

So that's why shorted this sell-off here and added some moral and Cena the stock was extremely heavy. Everyone's trying to sell - and I was covering into the wash and almost bought and tipped ticked here by like five cents and also out they want to outstay my welcome because a lot of times with these volatile bounced volatile so of its followed by another volatile bounce. So I don't wan na be caught up in that. So that's why you know it's a nice little momentum, scalp on the bad news.

So today's a day, I take a pretty sizable loss, as you can see here, I'm ASO and it's a mom loss on both trades. The pre Micah was okay because it was just small size starting out, and this is a pretty sizable loss. I lost over 40 cents, almost 40 cents, so yeah, obviously I'm not proud of it, but you know I still think there's a lot to learn from this mistake. So let's talk about it, so I also took other losses on the day as well.

But ASL was the biggest mass and the one that you know wiped out all my winners on the day so ASL and it was gapping up with no news, but they sound known the behavior of how the stock was trading last month. The stock has a tendency to push at the open and furthermore, they closed the offering price at two dollars and fifty cents just a couple days ago last week, early December. So that's why I was thinking in no dilutions it's over. We can have no more upside.

Today, but you know, of course, in hindsight, the stock has already, you know, ran from 220 all the way to 3 dollars pre market, so I think it definitely was too long, biased on this stock and letting the past you know like when you see the daily Chart you can see the stock had a history of squeezing all the way to $ 8, and I guess that's what I was looking for at least two four dollars possibly, but you know I just got too long biased and got too big too quick, and I Got caught on this dump? Actually, this pre market - this is small size. This this was ok. This is a plant loss like I, I was ok taking this loss yeah, it's not fun, but you know like the sizing pre market, it was just testing this water. This was no problem.

I mean ok totally fine with this loss here, but it's a loss at the market open where I was buying the volume breakout, because you know there was a lot of buying on tape. And you know the stock was already training, know almost half a million shares in the first 10 minutes. So that's why I was thinking we can see a pop towards $ 3 and potentially higher towards 4, and this is where I made the mistake right. I got a little bit too big and the stop was.

I had a lot of stupid, so you know took a pretty sizable loss on this and there's a couple other smaller losers. So the next one is where why a why oh yeah yo, so this one, you know a similar idea as a som, but this one you know the sizing was not as big because I wasn't familiar with the chart. Of course, in hindsight you know you can say it's a backhoe, I shouldn't have bothered, but the idea was that this stock has never traded this much more volume and when he had unusual volume trading pre market. That's why I was you, know more biased towards the long side, and this stock has a formula and shares float so to low float runner potentially.

So that's why I loaned no same ideas, ASL and volume breakout and we're going to keep on. You know topping out around this area. That's where trim my position and I got out over the rest here. So the stop here was a lot more acceptable in the sizing was way better than my trade on ASL and so SL DB.

This is actually the first trade on the day you can see. I took the loss pre market on the short side and I went back and covered over here and I went back to short it and added a bigger at the open, see a lot of weakness at all flushing down, so the short pre market was a much Smaller size, thank God, but even with a cover up here, you know it's over a dollar loss. It's still sizable loss, I'm not gon na lie, but you know it's a plant loss and my risk was about seven dollars. Seven dollars why seven dollars into the daily gap - I was thinking if it gaps, if it breaks above the static at it's gon na, go all the way to eight dollars, so I'm not gon na take that kind of risk.

So me stop was seven dollars in pretty market. You can't use heart, stop because you'll get a lot of slippage and that's why my stop you know after I manually stopped out. It was about 709, it's not a small loss, but it's not a huge loss like ASO and by any means, and that's why I gave me no clarity to go, be able to go back and we short this. So I went back short because I saw them an original thesis on the SL DB gap up short or still valid right.

That news was just some update and won't the data. It's not positive data. It's not positive phase. 2 phase.

3. So that's why I went back in short and with a lot bigger size this time, because this price action confirms that this is a sell. The news event right and that's why I added in bigger at the market, open, seeing a lot of selling on tape and covering some into the wash but keeping majority and add an even bigger here, seeing that okay, this stock there's no one buying this look at This this didn't bounce at all right. This is why a lot bigger I was covered into the flush and cover down here at four 20s, and you know it went back down to $ 4, but was all out this turned out to be a very nice winner and, of course, it covered all the Losses from the front, but unfortunately it's still not big enough of a win to put me green on the day, so I'm still red on the day because of Asom, so some smaller trade syr s just a scalp short.

You know shorting the price action and covered most here and then you know covered it all, because I've seen that it's gon na squeeze again after a reclaim vo op, the other one, was a nice winner on the day in IR. But this way I never got to full-size. So it's still, you know, like you know, I longed here $ 18 was ready, ready to add some more if it flush your stem and cell into every single pop and re, adding on the pullback here and then adding some more and selling everything you know so Out by this point, so I miss everything here. It's a nice little momentum, trade, but you know it's it's! It's not a sizable when compared to a som.

Definitely my confidence took a hit after the big loss on a s7. So tomorrow, I'm gon na size way down the goal tomorrow isn't to make back the losses. The goal tomorrow will be to just being on the date, doesn't matter if it's a thousand dollars couple hundred dollars or you know even ten dollars like I just need to be green tomorrow, to regain a confidence back. So that's kind of how I deal with my losses instead of trying to make the money back, because I've done that I've tried to do that in the past and that just kind of ended snowball, all my losses into even bigger losses, the next few days.

So I can't trade like that. That's emotional trading, you're trading, your PNL you're, not trading well and today, and that's why I scalped cpio short. It's a low float with, I think. Well, okay, it's like eleven million shares float, but it's a small cap.

Ninety-Six million market cap and it's it's a stock, I'm really familiar with. I have traded this a couple of times in the past before o squeeze yeah but also fell off eventually, but the fact that today we traded 20 million shares volume on such news. That's not even that impressive. It's really! They enter this collaboration.

450 million dollars upfront cash. So I guess that's a good news, but you know I still didn't think the stock could actually, you know, hold up to $ 8 now, after our so bad idea. What just short nepal's really simple: I've done this a couple of times in the past for shorter pre-market and covering most of it here, and we covered all over here after that, it's starting to slowly grind up, and I short it again at the market open after Seeing that this is rejecting the the 666 80s highs and that's right, shorted and covering into oil every single wash and I didn't want to outstay. My welcome, like I did, think that it was gon na sell off down to five 60s and 5 50s and potentially the entire gap, but you know I didn't want to hold too long again.

I just want to be small, green and totally okay with that, and I did go back once more to shore again for and on a scalp, much smaller size from 6:30 and cover into 610 and just left it so smoke ring on this one. I'm really happy about this, our ad, so this stock. I was actually really surprised by the impressive strength it had today, because in the past, before it has sold off um in earnings that even with good earnings is sold off in the past. But the fact that you know today it was just like an all day long.

It just proves that you can never be completely right in day trading, never be over the biased, so two trades here, it's a long trade and sold here and then a short scalp over here. So the reason I loaned is because I see that it's breaking above this daily level, 1040s and that's why I longer here really really small size and I never added because again, I'm just I'm not hoping for homeruns, I'm just one small Wayne to to pad. Don't a wallet and that's why I sold into the push to 1117, actually didn't think it couldn't go all the way to $ 12 as I sold and I work that's where I scalp short short it around eleven sixties and covered into 11:30, and that's it that's. Why I just left it alone, so a nice little scalp along and scalp short and of course, in hindsight I wish I went long.

You know using this V WAP, but again I don't wan na go back and start making mistakes and the other tiny, tiny trade. A xsm, so this one they completed or actually they announced offering of eighty seven dollars a share in a stock just started squeezing, and you can see. Look at this amazing sell-off. I was not part of it after hit 105, which was the price I target when I went long here, but you know like I just want to take my small wings.

I didn't make everything. That's totally fine and you can see. I never added to my starter size, so small wrong and a small wing on this one. So I'm just really happy to end a great day with a small green did.

I make back all my losses from yesterday? No, I did not, but why I made back, is my confidence and I just want to end the day, agreeing and be able to trade again tomorrow, so happy Friday, happy to end the Friday with a smoked, green tea. Pio was the stalker made money out on the short side and then lost money on the long side so like, as you remember like, I always had trouble flipping my bias and after shorting a penny stock. It's hard, sometimes for me to go along and that's why. I tried it long today with a really small size and, of course it didn't work out, but anyways on the stock has been.

You know a tricky one to trade. The best trade was yesterday, where I nailed and bailed on the short side in the first one hour, and today again, the best trade was still the first one, no short and cover, and rather than just going back and trying to reach short and getting chopped up. And here I gave back some of my wins from earlier with a small loss and here again why we try to go long, seeing that the stock is going red to green, with a volume squeeze and lost on that one on small sized mom. So cbio, you know tricky stock to trade, so happy to be agreeing on this.

One next stock was the only gap er on the day TCO, and so this one is a recent reverse splits. From early November they have some pump er with some for some partnership and gapping up to 380 SP market actually call it late, because I was doing my due diligence and they had, I mean outstanding s1, with a TM offering. So that tells me it's a pig and that's why size things small and short, I was thinking I was gon na - add if it pops to 353 6. These and add some more short, but you know didn't get there and just starts flushing.

You know really open and that's where I started covering. Oh actually. I was all out before them. I came back opens on this one.

You can see it when opens it, didn't pop that high and just popped to 3:15, the previous resistance and you're stumped all the way down to your way where it came from from the day before so it's a pig after all and the next one was MMPR. So this one had two small size on this one, because the spreads were crazy and it's a recent IPO or recent is a an IPO from yesterday, but it only has 1 million shares float, and this stock reminds me a lot of LMP X, where IP owed At like $ 6 and went all the way to $ 44, because it's a low float right because - and I think a lot of people were playing and thinking that it's gon na be like our MPX but they're completely different sectors. The only thing they have in similarity is the fact that they are both IPOs and low floats to the play on this one, which is purely a momentum squeeze with volume right I got in on a dip after the whole time, gon na sell it into every Single rep and and added some more here and sold everything here so happy to end the day, green just before the holidays. I don't think I'll be trading much the next week because you know it's Christmas and I hope everyone have a good one.

Happy Holidays.