All right. So top of the hour here. 903 Um, this morning we've got a little bit of action I'm in the green on two out of three stocks I've traded so far. but I think we're definitely in the shadow of you know, Btgn from yesterday.

Big move on Btgn. course we were watching that and uh I uploaded a anatomy of the trade on it where I explained why I didn't trade it. it was. it was a tough one.

I mean you know we're not in a market where we're accustomed to seeing those types of things, so it was understandable why one might hesitate uh, such as I did and then it kind of goes without you. So anyways, um, and if you recall back on Thursday I We traded Bjdx and I Some might say I chased it a little bit and I did not get rewarded for that I took a loss on Thursday So having very recently gotten punished for chasing something I was hesitant to chase Btgn yesterday. but of course I would have been rewarded had I chased it. Uh, well, at least to a certain price.

So Today we're seeing some kind of, you know some. this is when, uh, right now what we're experiencing is a market that's shifting from cold hot. and as it shifts from cold to hot, you have days that are hot and then the next day is completely cold. So it's like hot cold hot cold hot cold.

And so this is sort of like little bubbles coming to the surface of you know these are opportunities. So yesterday we had Btgn Friday We didn't have much Thursday we had Bjdx, but you know it, it didn't go as high as I kind of hoped it would. uh and today it feels like we're seeing some stocks are popping up. Buru is our leading Gap We're currently at 240 percent, but it's a little bit off the highs, but not too far off the highs now.

Silo Kind of interestingly made a move earlier silo and this one has a headline you might recognize reaches positive Milestone with nasal formulation for anxiety PTSD and stress-related disorders. Is that not almost the same headline that we had yesterday on Btgm? It's very similar, but it didn't hold up. Mnpr also didn't hold up super well, right? This one popped up all the way to 180 and it's back at 91 cents. Uh, drug popped up earlier this morning.

This one's pulled back as well. so we're dealing with some stocks that are moving higher, but it so far doesn't feel like chasing necessarily is rewarding and we have to kind of keep things a little bit. um, a little bit tight. The high here on Buru is the pivot is 219.

it's above B web, so at least it has that and it's our leading gapper if we focus just on volume I Guess Bvos has more volume. it's at 50 cents a share I'll take a look at it now. let's pull back too much too. And just just for the record, not only is there a disc man downstairs, there's a VCR right right in front of me.

I'm looking at a VCR right now. so uh, anyways, um I've walked into an antique shop. It's 907 908 um I suppose at this point um I think you are you is worth keeping the closest eye on. It's a little on the cheaper side, but the low down there was 95 I can hold that level? That would be good, but this is the thing is I Think to be honest, we would probably do better waiting for something to really open up and then just buying a pullback rather than trying to get in here.

You know you, this is the price that you pay if you if you wait for confirmation. So like this, pivot right here is at 219. So if you got in right here at 202, you know your stop is down here at 195 the lower. This last pullback, roughly 194..

So you've got like a five six cent stop and there are times where you'd say you know what for this type of a stop. um I I Don't mind just taking the trade I Don't really mind losing six cents a share. so um, you know it's it's fine, but you don't have confirmation and so we don't really know right now whether this is going to resolve through to the upside to the highs or if it's just going to break down. this is a very like it.

Could go either way if 50 50. you know I mean maybe someone would say no I think it's going to go I have a bit more confidence in 50 50 but the five minutes not really set up. So anyway, so I'm not going to buy right here. not yet.

Anyways, maybe maybe in a little bit, but but not yet. So then if it breaks over 219, it goes up to 225 and you get in at 2 30.. you know now you have confirmation it's breaking 219. but you're getting it at a much higher price.

but with confirmation, you're going to have a higher probability that the trade is going to resolve in your favor. So now your accuracy is higher. So even if your stop is a little further away with higher probability of success because you wait for confirmation, you're going to have a better better accuracy on those types of Trades better than just 50 50. at least I would hope so.

That's going to depend on your own ability to identify good good entry points. but yeah, at the moment right now I don't feel a lot of conviction on Buru. so I'm just letting it sit tight I think confirmation would be it's breaking out sure I Felt Bomo yesterday on Btgm to a certain extent I I more felt. um, disappointed in just a circumstance that I didn't feel that I was able to take the risk to take the trade.

which is because this year has been slow and we haven't seen those types of moves very consistently and I had just taken I just chased a stock in a way a Bjdx on Thursday and had lost. so I was more hesitant to do it again yesterday. Anyways, you know? yeah, I was I was not pleased with all that, but the fact is, there's always going to be another stock around the corner so you know you just you can't dwell too much on it and so let's move forward. Does anyone else see anything they like? In hindsight, you know I could have taken a smaller position, sure.

but uh, and maybe maybe I'll do that on on a future trade to try to build my cushion. But so you can see right here, this is starting to move up just a little bit up to 217. But what's it going to do here? So right in that moment, right there, it started to pull away as it broke through. it was about 210 and there was some volume on the on the tape, but um, the high was 229.

The low here is 216. And now there's a 36 000 share seller at 20. So if someone's weighing it down a little bit, pushing it back down, that's creating that topping tail. The candle has 15 seconds left on it on the one minute chart, so you could have just taken that scalp trade from like 210 up to 225.

but now that candles again, it closes a red topping tail shooting star. So from a technical perspective that's not. That's not really a great candle, at least to you know except for that quick little scalp trade for right now I Don't know if there's um I wouldn't want to really be holding right now. So now it's got to reclaim the high that level.

And the thing is I think that now, even if it does, you may have some people who bought up here who are going to sell. you may have some people who short against this level. Where's the spot that this really needs to go in order to get exciting again? Well It's gotta get through the high day 250. the closer we get to the open and the closer we get to that price, the better the chances that we could see that squeeze into the open or in the first minute of the open we Haul up at you know 2 45 and then we Gap up to like 255 260 and then squeeze up to 275 280.

that you know that? that would be nice but um we'll have to see Btgn. Yesterday was clean pre-market and then at the open it was foreign I used a margin account when I was trading with the offshore broker but because they're an offshore broker, uh, they don't they didn't enforce the PDT rule. So right there you had about 200 000 shares of volume in that one candle. But now it's back into this sort of more narrow range.

And see now we're kind of breaking to the downside of this channel. so we're pulling back a little bit here and be open. You can trick Cody You could do backdoor conversion. So you so you create you create a traditional IRA you contribute to the traditional IRA and then you convert the traditional IRA to a Roth IRA.

So it's called a backdoor conversion. You could do that. You could log into TD Ameritrade and create your T your traditional IRA account and then in the they have like a settings thing I Can't remember exactly where it is, but it's like convert to Roth ire I Feel like they could actually call it a backdoor Converse convert to Roth IRA and then you convert it and when you convert it, you have to pay tax on that six thousand. So you pay your tax on it and then uh, then it's a Roth IRA so that you know that's kind of.

the funny thing they made that income limit which I guess probably prevents direct Roth IRA contributions like on the employer um, level. like when you're if you have a job and stuff like that. But um anyways, the idea is to tax the seed, not the tree. so pay tax on the seed and then everything growing from that seed is tax-free Okay So we've got about 10 minutes the opening bell right now.

Um, let's see I'm just going to log in and check my swing trades here. Okay, so let's see. Um so we've got a covered calls on Dr Gamble. We've got FC cash secured.

puts up on those up on these. Okay, so let's see on: I'll look at the 160 strike price for um, covered calls on off the Gamble All right. so we've got nine. miss the opening bell I Think um, unlikely.

I'll take any trades between now and be open. So today, it might be a little tricky to know which one is going to be the obvious one, but B-u-r-u I'll keep on watch. Silo I think that one is pulled back too much. it's below V web it really dropped quite a lot.

So I think that that, um, that maybe, um, that may be done all right? So I'm gonna end the morning show a little bit early today. Uh, not much going on, but I'll be back at it. uh tomorrow morning at 9am. for those of us, uh, those of you guys on YouTube So thank you for tuning in this morning.

Hope you have a great day and I'll see you back at it first thing tomorrow morning. No trades between now and the open. Just gonna watch Uh Buru at the Open to see if it squeezes up to 250. foreign, foreign.