What's up everyone? All right? So uh, we're gonna go over trades from today. Gfai was the only stock I traded today and I actually didn't think I was going to take any trades today because coming into the open, Celz was our leading gapper leading Gainer and I just I I know that stocks under two dollars are not where I make money. In fact, even yesterday I can't remember what stock it was now I've already forgotten Lucy Uh, Lucy is not under two dollars, but it was on the cheaper side and I churned a lot of commissions on it. So you know NASDAQ made money because I do the direct routing.

My broker made some money and I didn't make a whole lot and I don't really like that feeling, you know I'm just sitting here working for them when I trade stocks like that. Now you could say well, geez, these are days that you should be trading in the free commission broker TD Ameritrade or you know, whatever. E-Trade something like that and that. That may be true, but in any case, um, I I Think one of the other problems with these and Celz was the case as well is that I like to do breakout trades I like to buy dips and when you have a lower price stock, we often see more of the grinding action and I I kind of struggle with that because the breakouts don't really give you these exhaustion kind of squeezes.

Uh, the dips don't really bounce up that much, you just have a compressed range and I find that I end up churning a lot of shares, getting in, getting out, and then and then you know with my luck, I do catch the one gross flush but I'm in it. Uh, so you know I end up losing on it Anyways, Celz made a nice move this morning. from you know, 50 cents all the way up to a dollar 37 and I didn't trade it I sat on the sidelines I watched it I watched it right here at a dollar seven and I thought, yeah, if it breaks a dollar seven and it did, it goes to a dollar nine. Then it flushes back to 98 cents.

Then it comes back and rips back up to a dollar twelve. Then it drops again back down to a dollar. Then it pulls away here to a dollar eighteen and it squeezes up to 38. But then you know, flushes again anyways.

I I Steered clear of it, but it was obviously the leading gapper. It was the stock everyone was talking about. It was up 160 percent and I said I'm not going to trade it So uh, you know. The problem here is that there was an obvious stock today.

It just happened to be one that I didn't like. so that can be. That can be tough now. Um, you know the second or third leading gapper? maybe I like them more and they're better for me, just for instance.

But if they're not obvious, well, you know we may not get good follow-through and we may not see clean action. And then I may be disappointed when I'm aggressively trading them and you know it doesn't work out. So I have to be cognizant of whether or not the stock that is most obvious today. uh, you know is the stock that I'm Trading So anyway, celz, no trades on that and then at the open I'm just sitting here.

you know, kind of content thinking I might not get any trades at all. Um, I'm looking at some other stuff and I've got a class that I'm going to teach today at noon time on YouTube So it's like thinking about that and looking at my slides for it anyways. Um, you know, just kind of sitting here actively watching, listen, but really just listening to scans and that's when right there at 9 32 Gfai hit my scanner at 18.30 So I heard the scanner alert ding I look over oh Gfai and of course to just kind of like slow down or what we're going to do, we're going to give you the anatomy of these sort of two minutes. Uh, actually I'm going to give you two seconds in two minutes.

so I'm gonna slow it down so ding look over. First thing I look at is the symbol I don't need to look at the time. That doesn't mean anything to me. uh, you know I know what time it is I look at the symbol Gfai immediately.

I'm having a flood of memories of Gfai. Yes! Traded this the other day, traded a couple times this week. traded it last week. it's a former Mobile stock.

Then I look at 18 and 25 cents. the price. Okay, that means it's coming up near the high of the other day. and I don't need to look at anything more I see those two things and I type in the symbol now I could just click on and it'll update.

but I just am used to typing it. So anyways, I type it there I see the chart. it's popping up. it's pulling away I'm looking at the daily chart and I recognize you've got this daily trigger at 1886.

at that point I then type in my level two window Gfai and Boom I am pressing the buy button. So I started with hotkey I didn't even have time to press the buy button I pressed the hotkey shift 2 to buy 2000 shares, added two, added another two, added another two, six thousand shares. then it starts squeezing up. I add another 2 000 shares sorry, no.

added a thousand shares at 18.75 1880 and for the break of 19 1897.. we then squeeze up to uh, nineteen dollars and fifty cents. Then we go up to 2025. It pulls back right here and by this point I'd already made four thousand dollars.

Then I'm buying this dip here and we get this squeeze up to 21.70 By that point I was up about eight thousand. It drops down here I buy this dip but I got out at like 21.25 I thought maybe it needed more time to recharge and I'm not even in it right now as much as I like this in some ways. what I don't like are the three topping tail candles right here that marked out the high. So we've got a descending resistance line right there.

You see we're hitting I hope it goes higher I hope it squeezes but unfortunately and I'll show you the spreads on this. So you've got a stack of sellers right now at 50 48 so there's back up to the high it's and that Wow, look at that. Amazing. But look at how fast that just hit a high of 25.94 and is back at 25 on the bid right? So this, you know, this time it broke it and that's an awesome trade.

It broke the descending resistance line right there. 24, 38, 25, 24.50 just boom. Amazing! So it's got more in it I left some money on the table today, but you know that's part of trading and and so this is one of the challenges that a lot of Traders face. Is Knowing When to Walk Away I hit a high of ten thousand dollars of profit and I gave back 1500 because I'm up only.

well only I'm up 8 500. So giving back 1500 for me that was on this second attempt right here I got in for this and it flushed down. So I gave back a little profit and I thought you know what, it's better to walk away with money in my pocket than to keep trading because if I keep trading and I keep losing I'm gonna get myself frustrated now. of course if I keep trading and I keep making money I won't be frustrated.

but you have to think about downside risk first. you love seeing this, but it could have done another one of these. It could have popped to 2460 and then flushed to 23 because we've seen some dramatic moves. So in any case, um, so I'm sure some Traders caught that move.

It's obviously got some momentum here now. it's a 58 26.44 but this is the area where if you missed that big squeeze right there which on the 10 second chart is a topping tail then you say, well, geez, do I do I get in here for the break of 26 am I chasing it. Is this just too risky and and that's actually what happened to me right here I missed that big handle. but then I got in on this little pullback but it really was like I missed the bulk of that move.

Yeah, I got a little piece of it here, you know, and that's what I guess put me up to ten thousand from 8 000 to 10 or whatever. But I missed this big candle and right here I missed this big candle and then look at that drop right? So now you know 25.50 you got 28 Cent spread and it starts to shake out some people that bought a little too high. The bottom of that candle there was 26.15. So one of the things that we deal with with these stocks at this price range can be bigger spreads and you know when it's going strong.

I Guess that can work to your advantage because next thing you know you get these candles like this one right here where it jumps up a dollar a share but you can also get it going the other way where it flushes a dollar a share. This candle right here has a one dollar range and when you catch it the wrong way and you're having to just bail out at the bottom I Mean you never want to do that, but you know sometimes it does, you're hitting your max loss. That's when you get really frustrated. So uh so anyways my my process on this was saw the stock hit the scanner, was familiar with the name, jumped in it very quickly rode the momentum and made some good money in the beginning of the move I miss it went higher than I thought this peak right here the way we had this topping tail at 2170.

You know that kind Of made me a little bit unsure I was like I don't know 25, 70, 2170 it kind of topped out there came all the way back down to V web and you know what I thought was forming here a head and shoulders pattern and actually recall another instance. um not that long ago where I saw something like this what I thought was a head and shoulders pattern and then it broke to the upside. So you know that's not typically what you expect and maybe that's why it broke so strongly is it caught some short sellers off guard and then all of a sudden you got that one candle right there where even on lighter volume it just rips I mean that was impressive and I was really kind of bummed out that I missed it because I was trading it and then I got out. You know you see this candle hits 21-14 and then it dips down here for a second to 2180 and I had just gotten in a little too high at like 21 made like 10 cents a share or five cents a share.

it dips down and then boom really opens up. So yeah, these these can be tricky. It can be really hard to know whether or not you should keep pushing it or you should just be grateful and and walk away. I Think you have to have a rule of thumb that you're going to follow consistently because if you're inconsistent with how you follow those rules, you're going to have inconsistent results.

So one of the things that I always try to remind people is that, uh, it always feels better in my experience to walk away with profit in my pocket. And yeah, I'll feel a little bummed out when I leave money on the table like I did today. but I feel so much worse when I give back half my day and I could do that easily on a stock like this with 2 000 shares I catch a one point flush. All of a sudden, I'm going to go from up 8 500 to up 6 500 and that's only with 2 000 shares, right? Like one of those moves and I'm telling you right now I am sure there's someone out there that's going to say holy cow, I Just gave back my whole morning.

You know that that happens and you've seen it happen to other people. You've maybe had it happen to yourself a couple times. That's a two and a half. Point drop with four thousand shares in 30 seconds right there.

these are 10 second candles in 30 seconds. I could have just gone from up 8 500 to up 2200. giving back my entire day. So you got to be grateful for what you've got.

When you consistently look back and you realize you're leaving money on the table on a regular basis, then that's definitely a time to consider pushing a little harder. But this year for me has been tricky. This year, I've had a lot of days where I have overstayed my welcome and given back profit I've had a lot of days where I've just churned commissions, pushing it too hard when the market wasn't really hot and so now I'm in a position where I don't feel like I can really take a lot of risk right now I'm kind of like listen: I've lost a little bit of ground I just need to keep my head down and you know, set my pace and just sort of chip away I can't afford to swing big I just don't feel like I can and so the result is that hopefully I will be a bit more consistent, but I may be leaving some money on the table now once. I get myself in a place where after a period of some success and consistency with you know, keeping my head down, pacing myself, and hitting bass heads, maybe I'll be able to feel like I have a cushion to step up to the plate a little more.

but you know what? I did step up to the plate today and I gave back 15 off the top so that for me, you know that could be a reminder to hold patience a little longer so you don't blow yourself out too soon. you know I knocked myself out of the game today. granted I'm at 8 500, but still I knocked myself out of the game because I gave back a little bit just enough off the top that I was feeling frustrated. and I think that's also around the psychology of hitting 10 000 and then going back to you know, not just nine, but into the eights and that that's kind of like a little bit of a psychological number.

When you fight against that, it'd be like going from up 5 000 to Up 3 800. You know it's like ah man, I was I was at five and now I'm not just at Forum So you know that that carries a little bit into watching your P L, but you do have to be mindful of your P L and aware of where you sit on the day. And anyways, so that's where I'm at. It's a great.

it's a green day. Uh, it recovers the loss from Monday which was on Oncs, which was kind of just aggressively trading a stock that didn't fit within my wheelhouse. So I'm glad to fully recoup that loss now. So I'm back at the high of April the high of all time in terms of my trading profits and I'm going to live to trade another day.

I Just saw right now a 70 Cent spread. It was 27 on the ask and 26.30 on the bid. That's a tough spread, you know, 70 cents. Now it's 20.

it's tightening. but to the downside, pressure. At 26.30 you could see how you know. See, there's that seller up there at 27 that just popped up.

This is I mean it's a typical this is a difficult place to be a buyer, No doubt it's it's got some some headwind. but anyways. Um, good job. For those that traded this today and uh, did well.

If you did well, those that came out on the wrong side, study the chart. look back at where you got in, ask yourself what you were doing wrong. Were you chasing it? Were you selling too soon? You know, Were you buying into too much weakness? Where'd you go wrong? And what can you do better next time. And today is just one day and we'll have many more days like this.

Of course this year where we see something that's strong and we're able to jump in and get aggressive on it. So maybe on the next one. I'll be able to do even a little bit better than I did today. But I'm grateful for my gains and I'll be back at tomorrow and reminder as always that trading is risky.

My results are typical, so make sure you manage your risk and trade cautiously. Practice in a simulator before you put real money on the line because there's no guarantee that you'll find success as a Trader Whether you're trading your own, you learn from me. And if you want to check out my class from today 12 p.m I'll be teaching a class on the Holy Grail technical indicator that sounds interesting. so if you are watching this, hopefully you maybe already watched that class.

But if not, I'll put a link so you can check it out here.