Right off the bat, have a question from last week. Um Mike Peter Nardella. My question is today: I Traded Apld for the breakup 640 at one o'clock Let me bring up uh Apld. So uh, by the way, Beautiful.

Just a beautiful, beautiful beautiful idea from yesterday. Yesterday morning um had an amazing uh alert on Apld. uh in great box checker on this thing by the way. Really love this because many many things now.

a little bit higher float but they you know they got their blockchain play they drop in artificial intelligence press release. um and then the stock ran through 52-week highs. so it was very encouraging yesterday because it was other than the float it was really a a solid solid Solid box. Checker Now Peter's asking about today.

Okay what I always like to do is focus on current. But one thing I will say is the price action on Apld yesterday was absolutely beautiful. Uh, just all day grind. a lot of pullbacks, but all-day grind.

And then the number one reason this was at top of the list was it closed at the high of the day. So when we talk about those weak open ready greens yesterday is exactly what we want to see. We got a hot sector stock trading unusual volume uh with news that closes at or around the high of the day which and also a 52-week high which is what Apld did today. and then we were ready for that uh week open ready green? um right.

Very first stock I well second stock I went over on pre-market prep 8 33 a.m Apld week Open Red Green for a day to move. Okay, now that's the one point that I want to make Anytime you got a stock that's in a hot sector that has news and closes like Apld at those two critical points: High a day and 52-week highs, it's always a week up in Red Green now. Peter traded it at 1pm at the 640 break and his stop was six dollars and ten cents right under view app and it was going well and then I saw it dip and then I sold it 66 660 and eventually it went much higher and I missed a lot of gains. How do I control? That is there a method of taking profits well? Peter My man like Peter And and and the thing is, like you kind of answered your own question.

So one of the things that so many Traders do new Traders do is what Peter did. You're struggling. Okay, you're new to trading so what happens is and I'm not picking on you Peter I was there at one point too. but so many Traders do the exact opposite of what you should do now.

what you did. What? What is What is Every trading book and video and and everything Always say leave your winners alone and cut your losses. Okay, let your winners go, Let them Blossom let them leave the nest. Okay, Leave them alone.

Leave your winners alone. Now Now you don't lose. Leave your losers alone. Beat them.

Like like violence. Foreign. There's a time and a place for violence. Okay, many times in places for violence, violence.

and when you have a losing position, you choose violence. Okay, you don't rationalize, you don't negotiate, you don't justify no. Now the point, you had a big pullback. You got spooked but it never got anywhere near your stop.

Your stop was six dollars and ten cents. it pulled back in. you know it pulled back. Quick pullback right here.

I'm guessing it was about 1 45 p.m It pulled back but it never got anywhere near your stop. So what you need to do is flip that script and and and and and again leave it alone. If it doesn't hit your style, this is and and this. The thing is, it's a hot sector stock.

All the things I've already said I Won't repeat it and it's trending. High You can't Panic out because of a little pullback because what you're gonna do when you do that is you're going to minimize your losses. I Mean you can't I mean you can't expect any stock to just always go up like every candle is up. There's gonna be selling.

Okay, there's gonna be pullbacks, but I think the number one answer is is Peter you were in the best slow moving stock of the day and you broke your plan like like I'm the guy. Those of you that have followed for a while you know I'm the guy that's like follow your plan, follow your plan, follow your plan. it's in your quest. Your stop was 610 it pulled back about 10 cents, You freaked out and you moved on now.

Listen, still a profitable trade. Congrats, But stick to it. Stick to the plan my man. So um oh and then the thing I do want to man I just wish where do you think Tesla's gonna top out um never like like James in in and when I when I give that answer oh you know because because when people hear all-time Highs are coming and I've said it many, many many times, people start breaking their stop loss.

Okay So you you need to understand that you can never violate your stop loss. You always always always have to follow that. Okay, but if your position properly and you're adding to a winner in Tesla which is what I tell everybody to do with it, then just write it up. Okay, it's going to all-time highs.

It's going all the way back. It's not. It's not this. Tesla is one of those ones where I say it's not if it's just when it is happening now.

Is it is Tesla going to all-time highs tomorrow? No. Is it going to all-time highs next month? No. Is it even going to all-time highs this year? Probably that. but it is going there.

So if you understand that, that. is the plan and if you and you add to a winner as it Trends up you don't get in too heavy too soon, then you just let it work and let it ride. Okay um so I'm gonna play you this from today: um I am MP was beautiful Okay and I bring this up because when it comes to afternoon V web patterns Okay I Am MP was a higher float stock so we always want to be careful with those early in the morning. So please listen and I bring this up because tomorrow many of you are going to be on pre-market prep and I'm going to be like hey High float stop wait till the afternoon Okay now again I know I wish I could share my screen but just listen.

this is from noon. this is from 12 01 pm today on IMM Um now keep be careful. um I'm speaking of I M M P Cancer guy. Well I Am Peepee is also running which is that junk oil and gas sign but just to be clear I see a lot of people mixing the tickers up.

Immp. Cancer Sack is higher flow but just a beautiful break in the morning highs and we got that consolidation and the entry would be would be 50 I think a risk would be would be a good. a good risk would be basically at 2 30 level that was resistant from this morning. Remember resistance: 10 quart so many Sapphire like 229 slightly below that area 20 cents of risk.

kind of a tight uh risk but um it is a high quote sack so you know remember our our risk determines our goal. So when I look at you know again the hydrophone side I really don't think this thing's going to five bucks today I think it could definitely grind into okay so a little bit tighter range but that is determined a lot by the flow. Okay that is the daily double amount. Now you'll notice we have a new cell.

so like okay so I played that for you guys and I want you to match that up with your charts on Immp and if you will notice that at the time I did that video imp was up huge. okay it was up huge and it was trading in a range in the 230s to 240s and we talked about that 250 break I talked about many things in that little clip. okay and maybe a lot of it went over your head I get that? maybe a lot of it went over your head but if you notice I broke down every single component of a real trade. okay I gave you the thesis like why is this the stock like like a lot of you I'm sure whether you follow people on Twitter or you're in other chat rooms, they'll buy some stock and you'll be Like, why are you buying this and they'll They'll either won't answer you or they'll like, oh, it's it's it's blah blah blah blah blah Okay, this was a cancer play.

They had a beautiful chart. okay, trading unusual volume. Yes, it was high float, but it was consolidating above. V Web: so everything is laid out okay, there's no guessing games and then also I give you a read on the overall Market Environment: Okay, I mentioned the fact that it's it's Wednesday Okay, Wednesday's the slowest day.

We have more realistic goals. Okay, we dial things back. We don't shoot for home runs like we shoot for home runs on Mondays and Fridays Okay, Mondays and Fridays are the days we swing for the fences Tuesdays and 30 days less. So Wednesdays we get more conservative.

Okay, and that's something I talk. It's that u-shaped uh, volatility that I've talked about and talked about. So we dial back the uh, the the the goals I said I really don't think this thing's going to five plus it went to 390. Not bad, but also the risk management and we use that three to one risk to reward methodology that again I use every single day.

I've used every single day. Well, I almost said 17 years I've used it for probably 12 years. Okay, once I figured out this system, it took me three to four years. Okay, that's something I don't know if we've talked about much like a lot of people, they're like hey, you know Tim you all these you know Ex: you talk about the 17 years and and a lot of people will be just like oh, you were you were profitable like day one No, it took me three to four years to get consistently profitable.

Okay, now it's been 12 years since then, but these are all the things that I figured out in that three to four years of absolute pain. Okay, and that was the idea that when we look at goals, we base our goals based on what we're willing to lose. If we're willing to lose a hundred bucks, we need to look at this chart and we look at need to look at the range and the position size and be like okay, is there a realistic potential for me to make 300 bucks? Or if the risk is a thousand bucks, is there is there actually a realistic potential for me to make three thousand dollars on this trade and with Impmp hey, 250 break, 229 risk and a goal of three plus and it went to 390. Okay, basically there was a buck 50 of risk for 20 cents of downside.

Roughly, which is what? That's six to one risk to reward. So all of those components added together is what creates a profitable trade plan. And you have to read the market environment. You have to read the news.

You have to read the chart, You have to understand the float, you have to understand the volume relative to the average volume. and I know it is all confusing and I know it is all so much. and I know I've thrown a lot of you a lot at you during this. but I am telling you if you do show up every single day to what I do in the Daily Income Trader system.

We do this literally every single day. and when I talk about that daily practice and that daily repetition I'm talking about 30 to 60 minutes a day. Are you going to figure it all out In you know, a 15 to 20 minute webinars? No. Okay, you're not.

But can you figure it out in a few months of 30 to 60 minutes a day? Yes, you can. What's the best scan for identifying swing trades? Um, we have a scan that, um, basically it is what I call the swing and the gapper scan and it's part of some of the materials that you get when you join me in the Daily Income credit system. But basically we're looking for hot sectors with unusual volume that are greater than a dollar and they're hugging the 52-week high by two percent or less. So we look for stocks that are within a four percent band of the 52-week high that are higher priced that have news and are in sectors or in hot sectors.

Okay and again. I Get the scan on my screen right now I Know you can't see it because I can't share the screen because I'm an idiot or Facebook's an idiot but that's the scam. that's what we look. What's your thoughts on the trailing stop loss? Joy Oh, only in swing trades.

Okay, so so the thing with a trailing stop loss in very volatile stocks like like an Imp or Azila or an Smfl. The problem is what happens if you have a trailing stop loss in very volatile stocks, the stock will just blow through your stop and you won't get executed. Okay, so it's a great question. Joy So and I struggled with this: I struggled with this a lot in the beginning is it's it's you have to choose I'm assuming you're a part-time trader Joy which I'm most of you are, but I'm assuming you're at work.

you're You're doing a lot of stuff. You got a lot going on, and you want to use a trailing stop loss in these volatile stocks based on the question I'm assuming some things maybe I'm right, maybe I'm wrong. but The Dilemma is and this burned me a lot because I you know I Traded part-time for seven eight years I had a business I had a lot going on. What happens is if you're talking about again, like the Zelos or the Smfls or the Mots or the Imps is, even if you have a trailing stop loss, you feel like you're okay.

You're like oh okay I put my trailing stop loss in I can go about doing what I'm doing but they move so fast that often they'll blow through your stop and you don't get executed. So you get like an alert and you're like oh geez Impmp pulled back oh but I'm out I had a trailing stop. Ah no, not always, but very often it'll just move so fast you won't get executed and it sucks like I've been there like you're like you know you're driving back from you know, from driving back to the office and you're like oh hey I'm good to go you know I had my trailing stop you log it. of course this is me.

that's how old I am. that's how old I am I'm thinking back to when I started trading when we didn't have mobile Trading like like nah I'm like hey Bonehead ever heard of an iPhone and like 5G So I'm telling the story of of where I was back when we didn't have indoor plumbing before electricity. um you know back when I was I was going back to the office in a horse and carriage anyway I'd been there where again I'd be like oh okay I'm okay I got my trailer and stop I sit down on my desk and I'm like whoa, wait a minute. I'm still in this thing So my recommendation is if you can't focus a significant majority of your attention, don't trade the volatile movers.

Okay, like here's the deal. You got a meeting at 7 30. Okay, it's 6 50 p.m Okay, so at 6 50 p.m right now, you got a meeting in 30 40 minutes. Don't trade stuff like Imp.

Okay, just don't don't Okay, you got the next day you got the day after that you got the week after that okay, like and I know it's it's hard because you're gonna be like oh like like maybe you're on The Daily Double Down Today that video that I played getting like oh I am PP is awesome I agree with you Tim it looks beautiful but I got a meeting in 10 minutes. Just don't do it. Don't do it. Okay now, if you're trading stuff like AI okay AI The stock has been the number one swing trade for about 10 days now.

You can use a trailing stop on Ai Ai the stock. Okay, but you got to delineate those two. You got to understand that the odds of AI dropping 20 in per day and blowing through your trailing stop loss are very low. The ads of Immp dropping 20 and blowing through your stop loss.

They're probably 50 60 So and it sucks. and it's like it's Murphy's Law like like invariably like whatever your favorite setup is. invariably, you'll have a meeting in 10 minutes. But the great thing about trading is and and you guys have heard me say this a million times.

I I know I've mentioned Impmp a million times today. Okay and I'm gonna and I'm gonna end on this point. It's not unique. Okay, Imp is not unique.

It was a very nice move. but I mean it's like 250 to four bucks in biotech land. We see that every single day. Okay So this is.

this is something that I preached to myself for years is is that that bus station analogy. Okay, the bus station analogy is if you missed impmp, wait an hour wait 15 minutes, there's gonna be another one. And if you could control that fomo, you can control that emotion. You're ahead of 90 out there.

So all right guys, good stuff. Tonight every single thing I went over on I basically everything I went over tonight. We do a one hour video a one hour live webinar demoing that multiple times a day like I think I think Matt Monaco is on tonight if I remember right, let me click the link. um I believe there is a 9 pm webinar if you click that weight link and join and I believe it's my boy Matt Monaco Tonight click the link, check it out, check and uh, 100 free hour long.

So all right guys! have a great night and we will see you next time.