Good morning everyone? All right? Well here we are. Monday morning back in the saddle. Uh, Friday was kind of a rough day for me. I finished in the red.

However, I did end up having all things considered a decent recovery. I made back half of my losses, right? So I went down 46 000 and then I made back. you know, 25.. So I finished down around 23 24 000.

which was a red day obviously, but not the end of the world. Uh, 46 000 would have been the end of the world either. but not bad all things considered. So this was a good recovery.

It was slow and steady. Each one of these are kind of like small trades. Um, I made a I made a good good effort. I did the very best I could.

And then when things started slowing down around 9 45 or whatever it was 10 a.m I said all right I just gotta let it be. So I was at peace with my P L and I'm I'm okay with it. Uh, again here today. So um, I'm just gonna, you know, just gonna let that be now.

Uh, you know I. I was a little emotionally charged on Friday, Uh. Saturday was the 14-year anniversary of my Dad passing away and I two years ago had taken the second biggest loss of my career on that day. It's the first day of spring, you know, and this is kind of a time of year.

That is tough for me because I'm you know, I just keep thinking about, you know, I look outside. I sort of. I just it. Everything just sort of reminds me of that time in my life and that was a really difficult time.

So yeah, I'm You know, I was mindful of that on Friday, and yet I still let myself get a little too aggressive on that first trade. And I want to carry that mindfulness today that you know I'm I'm still. Um, I'm still probably working with a little bit of a shorter fuse than I might ordinarily be just because of that. Uh, if we look back at my P L over the last like three weeks, you know I had a really nice stretch in February, but then, uh, March is kind of been a little slower.

It just has been. I don't know why it just has been. So I've had two 74 for 75 000 days. My best day last week was 47 000, but I had two red days, one on Monday and then another one on Friday.

So I'm kind of waiting to be honest for that next kind of big big move. I mean, if we look at sort of the 60 day, you can see how we have these cycles where it's kind of hot, then it's cold and that's really hot, and then it's kind of cold. and then it's hot and then it's kind of cold. So I'm waiting for the heat to come back.

I'm waiting for that hot momentum and I don't know if It's going to be today. However, we do have a gapper up 273 percent right now. Sprt, this is. this is pretty big.

This is a big gapper. so let's break down this stock as sort of the first one we'll look at today. So, uh, it's up. As I said, 273 percent.

It's got a 16.5 million share float. Let's check. um, short interest on it. So the short interest let's see, I have is only 38 000 shares here.

which is a very, very low, um, basically negligible amount of short interest. I'm going to see now. the thing is over here on Finviz. I see it 38.

That's showing significantly higher. so different data providers have different numbers there. That's that's hard to say for sure exactly what it is. It's always a little bit of a challenge, but uh.

okay, so there's some discrepancy there. Not sure exactly what it is, but the relative volume is 55 000 times higher than normal. 55 000 times higher than normal. The volume on this yesterday was 82 000 shares and the volume today is already 45 million shares.

All right. So um, we've got some headlines here. It's a merger agreement. Let's see.

I want to read this a little bit more closely. Huh? That's that's interesting. Um, for sure announced merger agreement. First publicly traded mining company.

Wow. Wow. Okay, now I'll say that merger agreements are not always my favorite catalyst. I wouldn't really expect a merger agreement.

to be a catalyst that drives a stock up. Um, quite this much. But so Support.com will become a wholly owned subsidiary, huh? Interesting. It's a good cost.

Yeah, it is bitcoin related, that's for sure. So um, what are your thoughts folks on that catalyst? It doesn't seem like, um, I'm a little bit. Kind of like. hmm.

that's interesting, but clearly the market's receiving it. Well, so this trend line here I think is valid. It's got it. taps here.

It taps here. So we've got three taps, both on us resistance and then on the other side. Coming back down here, you could see how we're kind of in this little wedge pattern Resistance obviously at Nine dollars. So you know.

Ultimately, it's the technicals of the chart that really drive the opportunity as an intraday day trader. So let's see. let me just look at this chart a little bit on the daily. Hmm.

good amount of price history. A split back in 2016. It looks like originally the stock started trading in 2000 in the year 2000, so it's been trading for 21 years. All-time highs are like a hundred bucks, but that's adjusted because of a split.

Hmm, you know, the daily charts? Not really giving me anything. Super super interesting it? Um, I don't know. It's kind of like I don't see too many super obvious levels. I guess there's one kind of right in here.

From 9 45 up to 10 26, but that's not a huge window and then up to 11 and then up to 11.85 Then you kind of get something in here. So I mean I would say those are those are kind of levels to look at. It seems a little choppy on the intraday sort of these big candles, you know drops down, then it comes back up, and then a false breakout right there at 10 25.. So this was a false breakout.

It attempted to break through the high, failed, and then came back down below the low of the recent pullback. So now you've got this consolidation. sort of above the support level here, but right in this area it's It's fairly choppy. It's in tight range.

It is easy to borrow at Lightspeed, so you know the availability of shares to borrow could make it more popular. Um, from the perspective of short selling. As a reminder for those, uh, tuning in on Youtube and Facebook. Thank you guys for tuning in this morning.

Let me pop up my disclaimer as a reminder. in case you didn't already know that trading is risky. Most beginner traders lose money. You should assume that you'll also lose money as a beginner.

And with that in mind, trade in a simulator. Before you put real money on the line. do yourself a favor. If you can't prove yourself profitable in a simulator, why trade real money? All right? So um, let's see, I'll pop up this disclaimer right there too, so I would agree that it is.

you know, coiling in this area. The the high there is 8 21. the first five minute candle to make a new high is also right around 8 21.. I'm just concerned that I I just don't know if it's gonna really make a big move here.

Um, the next level is 850 and then 903.. So if I took an entry here and I'm hesitating, I'm hesitating because my first trade of the day. You know I usually want to feel pretty high level of conviction on it, so you know that's good to see it's popping up there. It broke through 21 nicely and I I missed it.

That one went without me. Now let's see whether or not it just rejects or it actually holds this level. The volume profiles a little confusing because you've got a couple bigger red volume candles. Um, I would say at this point, breaking over 850 is probably the level that we want to see in order to potentially get a retest of the high.

And look at that flush right back to eight. So you know you could maybe get into dip trades on it. But like I've said, I don't usually like the dip trade to be my first trade of the day. Dip trades are riskier.

You're buying into that weakness. That may be a better strategy for this particular stock, but I think that it's um, I think that's a little risky. Okay, so I'm going to put this one over on the side sprt. You know, it's up quite a lot, but right now I'm not feeling super dialed in on it.

The price action? It seems a little choppy. It doesn't seem super clean. Uh, Catalyst? I'm not really sure about. so let's put that one aside for a second.

The second leading gapper is D-y-a-i So this one squeezed from 550 all the way up to 1074 and then back down to seven. It's currently below the V. All right. So develop vaccines against Coven 19 variants.

Okay, so let's see the level two on this. This one's also easy to borrow. The float is 19 million shares. This kind of seems like a catalyst that I'm not super into.

since there are already vaccines out and you would think it would be the companies actually produced a successful vaccine for the main virus that would be the ones producing ones for the variants. So I'm I. I don't think that this is. I'm not not into that catalyst.

Snca uh, again. charts most important. but the chart also doesn't look that great because it's back below the V web. It was a pop kind of pop and drop.

You know it popped up and then came back down. Snca: 17 million Share flow. This doesn't look good either. It went up and then came back down.

Avco. My goodness. hold up All right. This one expands Co-development program with Mit to combat cancer.

Okay, um, on the surface that sounds good of course. Um, this is a cheaper stock Abco. Hmm, I don't usually like these cheaper ones. I'm going to leave that alone.

Cetx volume's a little lighter on it as well. So if a stock is fueled purely by a short squeeze, then you're right that the news doesn't really matter all that much. Um, I don't see anything right now that kind of meets that criteria. I I mean, you're right that 270 percent is a big move on Sprt.

And so this one, even though the news is kind of like, I'm not sure it could end up doing a short squeeze and making a big move. However, right now the price action is telling me it's choppy. so it's actually more the price action that's keeping me out. Dyai, you're right.

Potentially, I suppose you could get a short squeeze on that. I I could check the short interest on it just to see where it's at. Um, it's only three percent, so you know. But the chart itself doesn't look good because it's not holding those levels.

So it really. I think the issue here is the charts aren't super strong, and then given the fact that the catalyst is sort of weak, I think it's sort of just those two are combining Edsa. Again, not a great chart, so you know we're sitting here. at 9 00 A.m It looks like what was it Abco that had news that came out at nine? Yeah, so we had a 9 a.m headline on Abco sprt.

The high of this last candle at 838 could be a potential trigger, I guess I would say. but I don't love that. it's a topping tail so it has that sort of big upper candle wick because it squeezed up and then came back down. Those of you guys on Youtube and Facebook.

If you have, um, a favorite today, or one that I haven't looked at, call it out Rlx. Yeah, it's a recent ipo, but look at that sell-off that doesn't look great Gamestop, I'll look at it. I don't really see anything on that at the moment. Hcer don't like that red candle from a couple days ago.

Sgmo creeping up a little bit. Had a nice move on Friday. Yeah. Lighter on volume though.

I don't think it's an obvious stock Clvs from last Friday. Yeah, Amc? No, not for day trading to me. so it doesn't seem like there's any kind of consensus of the one today, sort of different things people are looking at. But and the fact is, you have in this one, this is three one minute candles in a row where it squeezed from eight to nine.

Three one minute candles in a row. So you know being able to catch a move like that sure would be nice. Um, I'm not sure that you know that's a timing issue. When might that happen? Will it happen? I don't know, it happened once.

It could happen again. But will it? I'm not sure. So I'm going to. maybe.

Let's see. Um, I want to just kind of step back and see where I'm sitting on the month here. Where's my Trader View? All right. So sitting on the month of March right now? Uh, this is my P.

L. So I've got let's see: gross profit of 272 000, net profit of 229, which is good. Um, average about 17 000 a day. That's that.

I mean, all things considered, that's very good. That is a little lower than my daily average from January and February, which was at 29 000 a day. So this month has been a little slower. However, I have also managed to avoid a really big drawdown.

Although I've had some red trades obviously, I, I haven't. If we look back at the last few months, I had gotten into these kind of habits of taking a good size loss at the first kind of first couple days or week of the month. So I went red in January, then I went red in February and now this has been March. Just kind of like grinding.

Which, all things considered, I'm actually okay grinding on smaller numbers than having huge wins and then huge losses. Grinding on smaller numbers is less stressful. And hey, two hundred thousand dollars in one month is terrific. That's fantastic.

So maybe I'm making a little bit less this month than I don't know in January, but I'm making it with, um, less stress. So you know the stress metric is not just inherently visible, But I can guarantee you that going red on the year by 150 000 is stressful, and then giving back 300 grand is very stressful. So fortunately, March has been a little bit smoother, but of course I was read on Friday. so I want to be mindful that I try to find something that's really obvious today.

If we don't have anything that's really obvious that it's possible that I would, it will certainly be better off not to trade than to trade something of poor quality. The volume, weight, average price on this, which is kind of. The next thing I'm looking at is at 734. So this can sell off to 734 and still potentially be bullish.

Um, so I I would say today's probably a good day to exercise a little bit of discipline for those that may have been read on Thursday or Friday, you know, towards the end of last week. like me, it always feels important to try to get the the new week off to a decent start. and you know, kind of try to get things pointed in the right direction. So waiting for that really clean, obvious setup, I don't see an obvious five-minute pattern on this.

I don't really see an Abcd pattern. It's generally consolidating in this area. If it did break over 850 or maybe 838, that would be a pivot, but it would be. it would require chasing a little bit.

It's just not. Yeah, if it breaks over nine, that would be a place you'd expect a breakout. but that's not a great entry if it just squeezes up right to nine. So unfortunately I have to wait for a better setup.

Um, it's good right here to see that it sold off there and recovered again. Could have done a dip trade there I suppose. but it's not really what I feel like. The first candle to make a new high on the five is 810, so we're kind of coming up to that level.

But then that's also this. Yellow resistance levels kind of be going to be right at it. so I just don't know. I'm not not in love with this one.

Uh, Warrior Pro students by the way. Um, the 2021 classes that we taught from January through February and finished in March are uploaded. We have uploaded all of the classes we will be adding in uh, the Pdfs and the quizzes at the end of each chapter. So we're still building it out and there will be more student interviews coming in chapter 17..

So we'll keep you guys posted when those get uploaded. But thank you guys who all tuned in We had just a terrific round of classes. It was. uh, it was.

It was awesome. It was. It was really fun. I mean we.

I think it was the best round of classes we've had so far and I thank you guys for being part of it. It was. It was a great time. So those classes were recorded Archived, go back and rewatch them.

The Dip: The Dip uh, set up chapter was, uh, three hours long just for the Dip trade? That's it's one of the parts of the Momentum chapter. Just that one strategy is three hour long class. It is comprehensive with a lot of examples. So if you're unfamiliar with the dip trade or you want to learn more about it and that's a good place to start.

But I did say at the beginning of that chapter that dip trading is difficult because it's not intuitive. Buying when something is dropping is not intuitive and the the it's It's not like an Abcd pattern or a first candle to make a new high where there's an obvious apex point like the line in the sand where we get in. It's not like that with a dip tray. Dip trades are more complicated, so the easier ones, uh, for most beginners would be a strategy where you have a precise entry such as the first candle to make a new high.

and and even for me right now, that's kind of what I'm looking for. I'm looking for something that does look extremely obvious for my first trade. I want to be confident in that first trade. Yes, dipped trades for me were a big part of my gains in 2020.

Absolutely yeah, it was something I started getting comfortable with. And you know it's interesting because I had to adapt a little bit. I struggled at the beginning of the year and during March I struggled. and then I started to get really comfortable with these dip trades and I just started really nailing them.

And that became a huge game changer because all of a sudden I could take a starter on a dip and then add into the breakout and now scale up with bigger size. And of course, the volume in the market allowed for that as well. I'm waiting right now for kind of the next big momentum stock sprt right now. Doesn't feel juicy enough.

I mean, we're trading within a fairly tight range, I think. Unfortunately, it's just. uh, I don't know, it's just it seems choppy, so I don't feel confident getting in on breakouts and I don't really feel that interested in buying the dips on it, so I'm just kind of leaving it alone. So we'll see you know as it gets a little higher up.

if it can start to consolidate underneath 838 850, that might be something I'd be more interested in because that would be showing a bit more strength and then maybe a realistic attempt at nine. I just don't see it right now. So here you know you see again. it's it's popping up.

It's moving. Without me, it's fine. I'm just just gonna wait. So you can see here: These are my trades.

No trades yet. Today I'm at zero for the day. Zero in my main account, Zero in my retirement account. So both are sitting at zero.

Zero trades on the day. Zero trades is better than Red trades. Which one, Richard, are you talking about? Sprt? Okay, yeah, and you know it's you. Had some really nice moves on it early and then kind of from like 8 a.m on 8 15.

it's just been in this really choppy range. Although you could say that it's probably accumulated some short sellers who think it's going to fail. They might cover over 8.50 It's also probably accumulated some dip traders who are thinking it's got. It's a long for break over 850 and through 9..

So this is a coiling kind of pattern. It's a long consolidation. Maybe you know, maybe if it opens up through 8.50 it would be better. We'll see.

my daily chart appears to be working on this. Have it at day? Of course. it doesn't show anything for today until it starts trading. I guess.

I don't know if you can turn on pre-market I've I've never. I don't do that. some platforms maybe do, but but this is in any case, sprtr obvious Gapper. It's still up 278 percent, which is certainly bullish.

The high of that candle there was 824. Notice how it tapped that yellow line? so it's got to break through this yellow line. If it can break through 824, 825, then maybe we have a shot at a test of 838. I'd like to see whether or not it really starts to coil and ascend through this area.

Breaking through this yellow line, breaking through the hive 838, you know. And then that's when we're kind of looking for. okay, where might we have these types of three big green candles? You know? could it be on a break of 8? 50 and then you know to nine? Maybe. Maybe.

I'm not sure though, given what we're currently seeing in it, but that's what I'd be looking for. So yeah, each of these big candles were like 30 40 cents. I mean that that's the type of candle that you want to be. Uh, you want to be holding through high of this was 24.

So you see it popped up to 24, then a big red candle and it flushes back down and then it slowly curls back up. So 2425 could that be a starter for it would be a an attempt at a breakthrough this descending or this ascending red line? It's just a little tricky. Let's try drawing a line here. Also, let's look at this.

We've got another one that I just realized right here that's holding. That's going to hold us down too. So we've got two lines holding us down. We've got to break through both of them so that kind of puts a ceiling on it.

And perhaps at the open we get a dip that could provide a a better entry. maybe as it sells off here. You see, it doesn't really have any logical support other than the whole dollar until way down here. So could there be a half dollar whole dollar dip right here? Let's see if it holds eight.

I'll do a dip there at 804. usually I don't like to dip off the whole dollar, but as my first trade, but I'm going to do it. Dip dip there at 804 and then what I can do is I can add over 820. so I'll put a new order to add.

My order will be at 8.25 So I'm trying to buy the bottom of that red candle kind of like this sell-off here and then let it ascend back up and then over 8, 20 and 8 30. Looking for an ad on a break through this area right here. So let's see if this wants to break through and squeeze up a little bit more. We've got 805 on the bid, 806 on the ask, adding at 806.

So cost basis is still 804. and I'm just going to cut it there for a 600 loss. so you know, Right on my first trade, it either works or a dozen, but that's a small loss for me that's manageable. You can see why dip trades are a little tricky because you know you're buying into that weakness.

It either works right away or doesn't and I could have taken a small profit. I could have sold it at 8, 8, 10, or 8 12 and been up 600 bucks, but you know, I'm looking for a little more than that. Hmm, about 10 minutes to the bell Acer Acer. So I don't like that it's sold off so much.

That's that's my main issue with it. It's sold off too much. Yep, I see D Y A I breaking the V-wap there, which is good. There's some good volume on that as it's crawling back up again.

As I said I, I'm a little skeptical on it. It's easy to borrow. It seems like the catalyst is sort of like so I'll keep D Y A I over on one chart. S P R T On this one, we've got eight minutes to the bell.

We'll see if we get a dip and a rip at the open if it pulls back and then pops back up, but I'm I'm just not sure if that's going to happen. The Dyai Chart: You can see that one here and just put this like this. actually so hit a high there of 780. it's a nice move.

I mean that that is a nice. That's a nice candle there from uh, 732 up to 780.. it's a break of the V web so the question is does it hold above it right? It tapped the view app here and faded. It broke it here.

and if it gets right back below it then to fade the high of this candle is 780.. So we would need to see it get over 788 790 to prove that it's really holding these levels. So the high that candle there is 80 2 million shares of volume. I took a trade there long.

I'm going to try to buy it because it's holding that level and new. My new order will be at 8 10.. So it's holding the V web and then if it can get over 825 that's where it looks better. So I'm going to look to add watching just holding.

Right now looking for an ad. It looks like 803 804 could be an ad spot. Adding there at 804 So nice trade there. Took a little off the table into that breakout makes back the first loss.

The High That candle is 813 new order is at 8 14. if it holds eight right here on this dip, adding back at 804 so just added right there at 804. I'm buying the dip because it's holding eight and now looking for the break through 8 14, 8 15 and a squeeze up to 8 25.. once they start holding these levels, that's when I start to size up a little bit more high.

That candle is 8 13. I took a little off the table as it hit that level and didn't break. Can we break 14? It's if you see on the 10 second chart, it's kind of tapping its head here at 8 14. new order at 8 20.

sold the rest. I'm going to look for a dip trade added at 99 for a dip. We've got a red candle there. It's a candle wick though, so if it gets now over 8, 10, 8, 14.

take another stab at the break through the high added there at 13.. So now looking for the squeeze through 820 it's up 52 which is pretty good. So there's 12 13, 14, 15 on the ask. I want to see 16, 17 and 18.

I'm just going to hit it at 2 for a small loss. This right here on the 10 second chart. it should have broken to not just by two cents. it should have gone quite a bit higher right there.

And now what we end up having is a slight false breakout where it broke 14 and went to 16, a two cent false breakout and then a pullback. But this is our second leading gapper. Even though I'm not crazy about the catalyst, the strength of the break of V Wap is worth worth a trade. So six hundred dollar loss on sprt a six A twenty six hundred dollar winner on Dyai puts me up Two thousand.

on the morning was about three minutes. four minutes to the bell and this dip got bought up as well. The low there double bottomed at 92. That could have been a good dip trade.

The volume weight average price is at 770. So we're a bit high off that level. Let's see whether or not it can hold up here. so I just have my order ready and just watching it.

So there just went without me. up to 28 and 30.. Nice. Hi.

There's 28 new orders at 30. added at 28. Now I'm going to look for 38 and the squeeze up to 40.. So that's a micro pullback right underneath the highs.

Looking for that ascension? There's 34. Can we get 35 and 36? No. I'm selling it. Break even in a little high.

Well, maybe a small winner, but not a substantial win. High is 35. I'm going to pull back again. We're getting very close to the open here, so we've got two minutes to the bell.

so I'm going to put on my disclaimer as a reminder again for those on Youtube in case you haven't seen it already, if you're just tuning in, thank you, by the way for tuning in. I hope you've hit the thumbs up and that you're maybe subscribed to the channel. So there's the disclaimer as a reminder that trading is risky. Most beginner traders lose money, so you should approach this with a perspective that you have a high likelihood of losing.

and with that in mind, trading, the simulator practice would pretend money before you put real money on the line. We're going to keep trading here. In about 90 seconds when the bell rings, we'll be watching Sprt and Dyai. Those are the two that are on watch right now.

Dyai has been moving a little bit more so that one might be the better one to focus on, but Sprt is still up 270 percent so maybe we'll get some more action on that one too. We're sitting right now at 814 000 subscribers on Youtube. Thank you guys all for being part of the community and hitting the thumbs up. I really appreciate it and I will see you guys first thing tomorrow morning.

We're gonna keep trading here. As soon as the bell rings. you.