All right everyone, good morning, it's game time. GameStop chart is right here and this is the stock that I'll be watching today. Looks pretty clear that over 150 is a would be a breakout spot for a squeeze back to 160 and then 170. So we're coming up.

We've got about 10 minutes to 7 A.M Still dark here relatively I'm going to turn my lights on, but uh, 7 A.M is when more Traders are going to come online. Of course that's when more Brokers allow pre-market trading. so I'll be watching GameStop over 150. we'll be watching it primarily after 7 A.M cost this one.

These two traded in tandem yesterday costs. so watching GameStop here I think it's probably going to pull back before the break of 150, but let's just see what it does. So nope. I'm in 150 I bought and I'm going to add 155.

So adding at 52 right there. Now looking for the squeeze up to 160. adding at 53. Watch this.

now up to 155 and then up to 160. So GameStop breaking out right here. This is critical. This is exactly what we wanted to see.

Looking for an ad on this over 155 dollars? That's beautiful. Hi that candle is 154. so we're already seeing it starting to break out here pre-market I'm going to hold this and look for an ad through 155. watching adding there 53.80 back of mine Target on this is a squeeze to 160.

and then up over 160 to 170. This is a stock that we know has the potential to move fast hi this current candle right there is 154. I'll hold through this pullback looking for the break over 155. 7 A.M is when more Traders are going to come online.

so that's when we'll see more volume and then move up towards 160. that's what I'm expecting. Dip trades I'll buy Dips and then look to add on breakouts or 155. I'll go main screen like that.

So the high this candle here is 154. so new order is 156. there's a nice big bid right there. 12 000 shares 52.

10 Second chart showing us very clearly that 154 is the breakout spot. There's 54 on the Ask looking for the Ad 354 and then 55. So what we have right right here is a one minute micro pullback. We'll let it form the pullback and then we'll catch that trade through 154..

Dip trades I'll buy, but this volume right there. That's the confirmation. The high volume on that breakout confirms that other Traders are jumping into this looking for that. move back up towards 160 170.

as a reminder for those tuning in early: I'm going to do a the Morning show a little long today. For those of you guys that want to watch: GameStop is obviously a popular stock that I know a lot of people have been talking about. So I want to do a little bit of a longer Morning Show I would love for you guys to hit the thumbs up. those of you guys streaming on YouTube Watch here.

154. this is a one minute micro pullback. so we're looking for the break of 154. there's 154 on the ass.

There's 154 16. I Want to see 155. there's 154.50 Let it break out over that level. The high: This candle is 54.50 So let's see if we get that break of 54.50 over 150 450 could be a quick break than the half dollar 150 450 then 155..

Watch here. The break of 154 high. That current candle is 54.50 I'm going to go ahead. I'm going to put an order here to add over 150 450.

into that breakout. the low of this pullback is 150. we still have about six minutes before traders who start at 7am come online, so that's where I'm waiting really for more volume to come in over at 7am. Thank you guys for tuning in! Yeah, we have costs here on the side.

This one's also worth keeping an eye on, but GameStop is the is the primary stock. so I'm looking for the Breakthrough one 60 and then back to 170 and then that curl may be back to 200 back of mine potential. We'll see how far we get Five minutes to 7. A.M for those just tuning in.

Um so I Look to buy dips on this accumulate on dip trades. Then for the next breakout, the high: this candle is 154. uh, 154.50 costs moving a little bit higher I Don't know if I really want to trade that one right now, but maybe I'll keep an eye on it. Maybe small size on costs.

it just has lighter volume only 600 000 shares. high on cost was 35 34.70 I'm going to hold through this five minute pullback right here. I'll look to add on a Dip high that candle is 51. looking for more volume to come in around 7? A.M So with cost trading so closely to GameStop I wouldn't expect if GameStop is pulling back that cost is gonna pop up first.

One minute candle to make a new high would be over 51. Thank you guys for tuning in. Please hit that thumbs up if you haven't already. it's going to be a another wild day here.

Buckle up! I said I'd start streaming at 7 A.M So Lock and Load here we go. 7 A.M GameStop break breaking out here back over 150 during a five minute bull flag I'm watching for the break back through 154 when 155 and then move up towards 160. at 7 A.M we're in two minutes. We're going to see more volume increase.

This is the bat. Been the pattern on this stock. If we go back here, go back a few days. let's see.

So I'll just show you here. So this has been the pattern: volume increasing right around 7 A.M there's that 7 A.M mark and then right here 7 AM Volume increasing. So that's what I'm looking for. The volume increase at 7 AM and then the squeeze through 154.

So right now we're on this bull flag I have my starter position and I'm looking to add on the first five minute candle to make a new high which is going to be over 150 to 42. we have about one minute to 7 A.M here. so we'll look for the first five minute candle to make a new high that candles 52. Thank you guys who are tuning in as a reminder.

Day trading is risky in case you didn't already know that. All right? So you shouldn't trade with real money till you've proven profitability. The simulator right there. 52.

That's good. So watching for an ad right at 7am. So watching here. Okay, so there's 7 A.M and I'm adding right there.

53. now we're seeing volume coming in. looking for The Surge 354. look at that volume.

Watch this. So we're going to look for the Breakthrough 53, then 54, then 55. There's 52. there's 53.

There's 55. Are we going to break higher? There's 55 I Want to take a little off the table? Can I get the break at 55 adding at 55 right there. Bought 2 000 shares at 55 looking for 56. so we've got 5440 on the ask.

Volume came in right at 7 A.M Just as I expected. Looking for the Breakthrough 155, there's 155. needs to break through that level 155 I'll add as it starts to thin out. Adding right there 55 there's 56.

there's 57. Next order 160. watching the break of 160. taking a little off the table here again.

New Order 160 watching a dip trade, adding along at 60 right there. Now looking for 65 over 63 I'll add again once it starts to open up and move fast. I just keep adding into the squeeze the short squeeze. the high is 62 adding at 62.

now looking for 65. scaling up here for a squeeze up to 165 170. sold some break even just to reduce my risk. so that 7 A.M volume bar is what I was looking for.

High is 62.95 they're 63. can we give the break of 65. I'm going to stop the rest of this position at 60. and watch for an ad over 65.

Hi, that candle right now is 64.33 New orders are 165. sold the rest of that up about 50. 6 000 on GameStop holding still a position here at 160. hi this current candle is 150 164.

low of this one is one 59 watching for a dip. The first proper one minute pullback will probably get bought up. watching back over 164. added right there for the break back over 164.

then looking for 65, adding at 65 right there. Now looking for 67.68 Nice. adding there at 66, looking for the squeeze up to 68 dollars, then 70. watch over 67.

for more volume to come in, they're 67. They're 68. I Want to catch the break through that level up to 70 dollars. Sizing down on that trade risk was a little higher there.

Now it's pulling back I'm going to look for another dip. The high was 68, costs moving higher as well. The high on that candle is 35. I'll keep an eye on costs I'm going to watch GameStop high on that candle was 68 so it's 704 I'm sitting up 70 70, 000, 49 000 in my retirement account plus 21 over here.

Cost is surging higher again. The thing on cost is that the volume is light and the spreads are big I Feel more comfortable trading GameStop All right. so watching dips here for the next trade. 168 on GameStop high of that candle is 167.

it's extended. The risk is a false Breakout so smaller size on this trade because it's extended on the five. but it may keep going even though it is extended. but I'm going to wait for it for a second watching.

so that's a false breakout. candle hit a new high and then drop back down. You know it's interesting because I actually have shares available to short. You can see right there I actually could short this one.

This is the what The level two looks like. you're not supposed to broadcast Real Time Uh, quotes real time level two because you have to pay for you have to pay the exchange for that. So if I broadcast this to everyone I could be liable to pay exchange fees for everyone that's watching which would be at the rate of I think it's about a hundred dollars or 114 dollars if we have. How many viewers do we have? twenty seven hundred? So I don't want to pay that.

So that's why I don't have the level two, but you can see my P L position up here watching on this dip. so this one's is one that dips down. So where's the possible bounce for a dip? Trade 154 154 would be a totally logical bounce. We got a nice break out there from 150 to 168.

So now it's time to wait for the next trade. Waiting for the next place where I think there'll be an obvious setup. We got the volume at 7am, which is exactly what I was expecting I was in ahead of that as you guys saw I got in for the break of 150. held through that breakout.

it did come back down on me, held through the full bull flag and then we got the squeeze up to 168. I sold I took some off the table uh early in the 60s because on that trade. um I got in right here and then I held through the pullback and the low that pullback was. um, it was only 49.

but you know I I was down two dollars, three dollars a share because I was in at 52. my average was 52. So once it came back up here, if you have a trade that goes to is a winner then turns into a loser. When it comes back to the winner, you usually want to start unwinding it because you're grateful it's not a loser anymore.

So I started unwinding it a little sooner. right at that 7? A.M kind of Surge and it was just right at 7am. Um, you know we right at seven. it popped to 55 and then it flashed down to 50.

then it then it broke and so as it broke through there I was I was happy to take some off the table. So this is where we sit right now. Costs: This is forming a five minute pattern. The high is 35.79 I'm watching costs for I'm long costs for the break of 36 here because it's obviously moving fast Target will be forty dollars.

This is a bigger, uh, higher faster moving stock. so and with lighter volume. but over 37 would be my next ad on costs. So I'm adding right there at 37.

adding at 37.88 I'm going to try to ride this momentum on costs up to 40 dollars. So watch this. uh for the next ad which would be over 37.35 there's 37.89 That's not too bad. 37.50 I'm holding 6 000 shares right now.

Let's see on this micro pullback what it does. so 99 gain on costs, sizing down a little bit. The high is 37.88 New Order at 38 kind of flash back down after that breakout which I don't love so sides back down a little bit. the high this candle it's 88.

I'm gonna leave an order at 38 for a dip added long there 37.50 for the Breakthrough 38 there's 38.50 I think on this one, smaller size is probably safer because the spreads are big. so the high this current candle is 37 38.57 adding at 38.57 Let's see can we get that squeeze up to 40 bucks highs So there's 38 on the bid. My cost basis is 37.42 the one minute. that was a good one minute pullback right? So this was the trade here.

One minute pullback and we got a nice move there up to 38.88 but now coming back down a little bit. still watching GameStop these are the two that I'm focused on. these two trade in tandem. but yeah the cost spreads are are tricky.

The next level would be back over 38.88 So I'll put my order at 39. 10 000 share on the ask seller on the ask there. so sizing back down a little bit more I could do a dip trade on it but the five minutes extended. so I think the the primary setup here would be that it just keeps squeezing because these stocks just seem to go crazy.

but high is 38.88 so we'll watch back over 38.50 on this one minute pullback. So we got a nice one minute pullback there. I'm gonna look for another one right through here if it breaks 38.88 right now, which it looks like it might. It's not really a proper pullback.

There's a 10 000 share seller that just popped up at 80. but if that breaks, then we're looking at a move to 39. watching GameStop Currently on a five minute bull flag so it pops up sideways. Consolidation: Very similar to what we had on the one minute right here on cost.

This is a technical pattern GameStop bounces right back up. That's good to see. Costs adding long at 38.44 Looking for the break through the flat top at 38.88 10 through 40. there's 38.

There's 39.. Can we get the break of 39 adding right there? Looking for that? pop through 39 dollars? So we've got 39 on the ask. Can we break through that level? Let's see if we break through 39. A little dip and then a rip through 39 would be nice watching for dip trades on costs and then the pop through 39.

So watch right here. There you go. There's that pop through 39. That's what I wanted to see but didn't hold super well.

Sizing back down on it for a winner but looks like maybe a false breakout I don't know the high that candle is 39.27 Uh, it's going without me I got chopped out I was in a little too high and that's that's the problem when you get in high. Sometimes you know you're in high so you're like I can't really afford to just hold this if it dips down on me and then then it goes anyways. So 39.45 is the next high day entry, but that of course will be back in at the highs. So over a million shares, 1.8 million on costs GameStop it's 7 13.

we have one minute about it's about 7 14. we have one minute left on this current five minute candle. So dialing this in the high is 63.50 That's the one minute candle. This is the the context here.

we double bought. We basically have run into the resistance. You can see it's kind of like this arm here and this arm here. we've run into the resistance of yesterday's close which is right around 168.

So that's the level that we certainly need to break. Costs: Continues higher grinding higher the higher this candle is 39.45 leaving an order at 39.50 GameStop dipping down a little bit and that might hurt cost because if they trade in in sympathy to each other, then if one starts to dip, you'd think the other would dip. Thank you guys! Tuning in on YouTube and Facebook We're doing an early morning show here because GameStop ripped up 300 yesterday. Crazy crazy momentum.

Please hit the thumbs up if you haven't already. I'm hoping this will be the most popular GameStop video today. so um, live streaming GameStop Price action here I've already traded it pre-market I'm not in any positions right now I'm sitting and waiting for the next opportunity so the early bird catches the worm. Now Funny enough, you know I was thinking about getting up at 4am to see.

You know what kind of price action we'd have. So you know what? I did set my alarm on my phone I set it for 3, 4, 3, 50 a.m 350 just like that. Is it coming? In Focus there it is 350. I was like all right I'll get up at 350.

I slept with my laptop next to my bed and I woke up at 2 30. and I had like a little bit of a headache and I was like uh I looked at the clock I was like oh it's 2 30 All right, go back to sleep went back to sleep, rolled over again and looked at the time my phone was off. my phone died I didn't plug it I I didn't plug it in I I was I was shocked and I was like oh my God so I was like you know what that was like a divine intervention. maybe I wasn't meant to trade at 4 AM So I um plugged in my phone charged back up I checked the time, saw it was like 5 30 or whatever it was um and I looked at the price I refreshed it on my just my my web browser and I saw I was at 140 and I was like uh 140.

all right well I guess I'll go back to bed so I went back to sleep if I had. If I had seen that the price was like 180 190 right under 200 I would have hopped out of bed but at 140 I knew that that had pulled back a little bit off the 200 high so I was like uh I'm gonna wait for it let's you know but I don't know I'll just so I set my alarm then at 6 6 30 and jumped out of bed came over here excited like Christmas morning knowing that we were going to have some big action today and uh sat down started trading at like six 645 650. and that's when I started the broadcast. So uh yeah so I you know as it turns out pre-market which is what I expect the volume would be very light but you know the volume right at um 6 a.m or Sorry 4 am I mean it wasn't wasn't nothing but it just looks like right at that moment it which I what I probably would have been looking for is a dip and a rip and it opened it opened at 153 so down 10 points.

then it pops up to 167 which was the close basically 168. then it drops down and kind of sells off down to 132. But I'm sure the spreads were huge. It would have been on light volume and so if you don't get a spike right there at 4am, then your next best shot is really kind of coming into 7.

A.M So what happens at 7 A.M That's when most retail Brokers come online. Most retail Traders can't trade before 7 A.M Now you guys see the software I'm using I trade with light speed and they allow trading at 4am so I can trade from 4 AM to 8 P.M But yeah, so right here this is actually a spot. I'm going to do a dip trade on this here at 54. the reason I'm going to do a dip trade is because this is bouncing off the previous resistance which was right here and so I'm expecting after that kind of strong flush that we will get a bounce.

That's a strong bounce. I'm looking for the first candle to go green the first one minute candle we do still have a little room to the volume weight, average price which is 150 and I could hold it down to 150 and add off that level. So I'm going to put another order around 150. and then I can add and look for that pop back up over 154..

So we've got 153 right now, but looking for the first one minute candle to make a new high which would be over 1? 54.73 All right. so there's 155. Let's see if it bases out a little bit more over 155. So taking a little off the table for a dollar a share and then it flashes back down: I only bought a thousand shares on this one 154 on the ask, it's coming a little lower I don't like how big that red candle is on the five I thought it would bounce off 154 which was this previous level.

so I kind of got in right as it was hitting it and it hasn't really bounced that much off of it. but but let's see what it does. Hi, there was one 55.08 So scanners are running right here. These are scanners that Warrior Pro students get top gappers so I'll take a look at some of the gappers but you know it's one of these things that on a daily today all eyes are kind of on GameStop and then Cost is a sympathy name blackberry and AMC I'm not as interested in you see the same volume Spike that that happened right at 7am.

Cost actually was a nice one I I didn't get as much on that as maybe I could have cciv I don't yeah I mean I see it popping up but I don't like the daily chart on that so still holding that small position now. just kind of keep a little skin in the game. So GameStop gapping up 69 percent CPT a little bit of the Gap there as well Lotz I see it. So for those streaming on YouTube and Facebook One of the nice things about being a member of Warrior: Trading You get access to my scanners here.

So these are all scanners that I've built out to look for stocks that meet my criteria for having you know potential to be good momentum trades. So you have access to my scanners, you have access to a private chat room which is just for our students, and of course you have access to all of our classes. You have access to my live trading archives and I can give you a link. I'll just show you a video here.

Um, let's see where's the good one? So uh, that's the main advantage of being a member. Certainly on YouTube when I do the morning show, you get to watch over my shoulder. You get to learn a little bit, but you don't get all the strategy that's broken down into classes. The classes right now are 35 chapters and I would say since I started teaching it in January I've probably been teaching an average of three hours a day for five six weeks now.

So yeah, it's in terms of the amount of um, content it. I would say it's in excess of 100 hours at this point, which is what you want if you really want to learn something you know at a 90 minute long DVD is it's like reading a pamphlet on skydiving and you go jump out of a plane and it's it's not the way to do it. So yeah, so here's here's one. This is a live trading archive.

Just while we weighed on GameStop GameStop's consolidating a little bit, so just kind of waiting on that. Costs is consolidating because GameStop's consolidating. So this was the day that I traded. Um GameStop After hours, look at this squeeze from 150 to 188.

So I'm in a 169.88 on this one and this is what I do every day I Just keep trading. Some days are better than others. Today's already a fantastic day. Some days are slower.

GameStop has been a big driver of momentum. so active momentum. Traders Which is not just retail. Traders It's institutional Traders As well, we look to buy high and sell higher.

I Saw one institutional firm, a hedge fund that made over 750 million dollars on GameStop So this is this video of it going up here. just it's It's incredible. Um, it pulls back. It does a pullback.

so this is kind of that bull flag formation. I'm still holding this GameStop position here. small size. Uh, it's down at 147.

So we get this, uh, sort of consolidation. Then we look for that first one minute candle to make a new high. We look for that curl back up. So we're at 179 here in this video from a couple weeks ago.

and now look at this confirmation. Now all of a sudden, look at this candles, it breaks 180. watch this so it's going to break 180 dollars watching the break of 180. look at this break twenty thousand shares immediately to 185 immediately.

I Mean that's like a it. just that's an awesome awesome trade. It continues higher. Now we're looking at the first five minute candle to make a new high and then we get the break over 200..

then look at the break at 200 as well. So Warrior Pro students have access to these live trading archives so you can go back and re-watch And we actually did a uh, it's like a two hour long case study video specifically on GameStop and all of the examples of And Trades I had taken on it. So this is pulled back here. So this is our real-time chart.

The low was 141. we broke back below the volume weight average price. don't love seeing that. so we did Retreat from 150 from 168 back down to 150.

right now I'm just kind of watching it I've already made my money on it I'm holding uh, 50 share position just to keep a little skin in the game so I can keep watching it but it keeps me a little more focused when I still have a position. So the low there is 41. you know I could get it maybe a double bottom trade off of 41. but yeah, it's below volume weight average price.

So let's just see what it does for maybe a double bottom trade. there's a 5 000 share buyer there 41. So I'm going to do a dip trade at 42. so I bought the dip right there at 42.

I'm looking for this double bottom so on the chart you can see right here, double bottom at 41. So now I want to see it back up through 45 46. so there's 43.50 Let's see if we get the break back through 45. there's 43 on the ask 42.70 and I'm going to hit the bid on it, lose 800 bucks.

It's a dip trade. You can always come back to it. but the Breakthrough 41 I Don't Want To Hold through that. So if it's going to bounce on a double bottom, it's going to bounce pretty quickly.

So I'm curious. for those of you guys on different trading platforms who has restriction on Gme who's able to trade it, give me a give me a little update. I'm trying to get the light switch with this thingy. There we go.

Weeble is good Fidelity is good to go trade zero cash only TD Ameritrade can trade it no restriction on TD it's great So I I'm restricted to cash only I can't use my leverage on it. This says 100 if I did um I do like General Motors You can see I could use I only have to put up 25 cash which means I have four times leverage on something like General Motors uh take the E off Gme and you got General Motors add an E and you got GameStop So GameStop I have to use only my cash balance but that's fine. uh I have enough cash in my account to trade it so it's not a big deal and in fact at 142 dollars a share, this is I mean it uses a fair amount of buying power, but it's not as bad as it was when it was at 400, 500, uh or higher 400s I would remind you guys some one of the risks and one of the concerns that I've had is the possibility of the New York Stock Exchange halting trading. Not a circuit breaker, but actually requesting news from the company that hasn't happened so far.

knock on wood. Uh so you know if it hasn't happened yet I don't know if it I mean is it going to happen now if it didn't happen after hours in that big move? Well now we're kind of coming back in. so I don't know really why they'd halt it here, but it is a POS It is a concern and the risk there is that if the exchange halts the stock then we're not talking about, you know, losing like 10 cents a share. We're talking about potentially losing a really significant amount of money.

So this is these are my um, these are from classes So we're up to slide 1343. Uh, but let's go back here. Uh where? let's see, where do we have it? Um I'm looking for a specific spot. We just talked about it.

um the dip trade trying to remember we were just talking about this in class the other day. I don't remember what section it was. Uh, but I had a few examples of no news trades recent IPO Breakout Blue Sky Um Okay so here you go. So this is a stock Bdr squeezes up on No news from a dollar forty to three dollars this The Exchange halts trading in it asks the company to provide information.

They say there's no news to account for this move. it drops hard. Same thing on this company drops hard. So this this is something that is a risk when trading a stock that basically has no news.

rhe dropped from 10 all the way down to five fifty percent haircut. so you lose 50 that in in that's painful. That's really painful and it's happened to me before so you know it has not happened and again this is just to reiterate this is the Warrior Pro um curriculum here. So let's see.

let me go up to right here. So this is our current curriculum. uh for Warrior Pro students for those that are curious. but um yeah I mean I know the CFO um that was the the change up.

But the thing is so here's the thing. Some of these stocks have had a headline like that. You know there's there's a headline and the exchange still halts it because the headline I guess in the opinion of the exchange doesn't justify a 400 move or whatever the case is, so that's where we still we're not. we're not totally out of the woods.

Usually a CFO resigning uh is not a good sign, but in this case it indicates I mean this is all speculation, but the um sort of. You know the possible change in direction of the company that people are hoping for with Ryan Cohen being on the board and of course this was probably a decision by the board. There could have been criticism maybe of the company not raising Capital not doing a secondary offering during the big squeeze. although I think that if they had done that, they would have been betraying all of the retail investors who bought the stock and are holding the stock and who are also their customers.

So I think that they wisely chose not to take advantage of that situation. I mean I I Don't know if anyone would have really blamed him for doing it. It would have been the smart move, but at the same time depending on the price and everything else it could have been, it could have definitely been very upsetting. For the traders who you know get hit because when a company does a secondary offering, you know if the price is 25 a share, all of a sudden it drops back down usually pretty close to that price.

Yeah and I I know I know Charlie I saw that quote about Charlie Munger and um, you know I I I Personally, don't I mean I'm not saying that he's not super successful he is. but I don't take my trading advice really well. I don't take trading advice from anyone but um, you know I Tried my own strategy but I I wouldn't take a lot of advice from someone who has such a different strategy. That's not.

They don't trade. You know we as as Active Traders We capitalize on these volatility opportunities and that's been true for forever. That's what Active Traders have always done. So fun people that are focusing on fundamental analysis.

They always will criticize these. You know these these times when the price becomes so disconnected from fundamentals. How different is that from what's happened on Tesla I mean if you if you're going to be honest, how different is it, how much is Tesla up, how how much is the market share changed? um and the market cap? So let me just I have this um and I'm just you know throwing out my like I don't I guess I don't really care all that much but um you know if someone's going to say that you know this is this is crazy and we should you know something should be done to prevent this from happening again. I would say well you know.

Has anyone looked at Tesla recently I Haven't heard too many people complaining about the Tesla chart. That's the Tesla market cap in a year. Okay, so it didn't happen in a week, but this is this is their market cap. This is their Global Revenue.

So yeah, you know Wall Street has always been pricing higher what a company is going to produce and Tesla's on a great track. Certainly much better than these companies, but does that justify it being worth more than all of those other car makers combined? I don't know I mean you could say that it I mean that is its current value, that's its current price. so investors do believe it's it's at that value. And if you have a problem with the current value of GameStop I would I Would hope that you would also have a problem with the current value of Tesla because it it doesn't seem to exactly match the uh, the fundamental value.

So that's where we have a disconnect and those disconnects provide opportunities for fundamental Traders as well. That's why some people have a strong short position on Tesla because they think it's so disconnected from the the current trading price from the actual sort of you know Book value. And on the other hand, long-term investors like Warren Buffett and Charlie Munger, they would look for a stock that is very disconnected from its Book value and is significantly underpriced. that just the value of its assets alone are are more than the share price.

So they go in and take a 15 20 stake. Then with a 15 20 stake, they can potentially petition themselves to get on the board of directors and start throwing out strategy. Well that's what Ryan Cohen did with GameStop that's what. that's what he did.

He took a huge position last year. Uh I don't know how he bought how many million shares. Uh, it was like a huge position um 13 stake in the company. Now he's on the board of directors Now he's petitioning for this um digital strategy for them to turn the company around.

That's activist investing now. The only thing different really on GameStop from some of these others is that GameStop had over 100 short interest and short sellers got squeezed on it hard and I think it just has, you know, become a stock that a lot of people really like just for the fact that every time it goes up it feels like it's a um, it's a kind of you know little guy getting it. uh you know, against the the man I mean or something like that so you know. but if people like it, if people are all into it then they're all into it.

You could. You could go back and look at stock charts from so many different companies that went up and up and up and up and just were crazy disconnected from the True Value But it was. You know it was hype and people were excited about it. People loved it and then you know they those companies come back down.

They go back out of favor. It's true that we're seeing, um, pretty crazy levels of volatility. What happened on GameStop is not something that we had seen in a while, but it's not something that we haven't seen in similar degrees on sort of a spectrum of short squeeze or volatility. So yeah, that's just my two sentence.

It's only my opinion. I mean take it for you know it's worth nothing. It's just my opinion. I'm just I'm just a regular retail Trader Trading the markets, they go up, they go down and I trade them I trade the volatility.

but I I could take it a little bit. uh I just think it's a little. I I Think the argument that some people have, um, one one person was saying they should halt trading of General of Gen of uh GameStop for a month it's like that doesn't feel like it's really thought out. What does that mean For every shareholder that is just holding the stock, they can't sell it.

They can't do anything for a month that doesn't seem to really solve the problem. that's that's a Band-Aid I mean that was certainly cool off emotions on it, but that's that's not. That's not going to stop this from happening on another stock potentially. And then they halt that one, Then they halt another one.

Then how many stocks do you have halted? So if there's really a problem or this is a perception of a problem that a company can get this far out of balance from its true value, um, you could look at another a number of other examples of that. but I don't know. Again, it's just it's it's a it's a tough. It's a tough thing because I could I could Also, you know I Could certainly see the the standpoint that this has gotten crazy.

this was. this was crazy and it can hurt retail Traders it can hurt institutional Traders It hurts the Integrity of the market to a certain extent to have something like this happen. Uh, it makes would make investors much more cautious. So then you have to say, well, what were the what were the underlying conditions that allowed something like this to happen? Was it the high level of short interest? Was it the trading on excessive amounts of Leverage that put people in positions where they were forced to capitulate? Or you know I I don't know I Mean if it's just people really like the stock, whether it's on Reddit or you know it's people on Twitter who really like Tesla or whatever it is and that I don't know what you're going to do about people really like a stock and they all love it.

They all love it. But the rapid rise and then the fall is is it's concerning you Don't love to you, don't like to see that you know Tesla at least in its rapid rise has held its levels well. but you know at the same time, Uh, this is all much more moderate. But it has dropped uh from a high of 900 back down uh, the other day to 600.

that's a 30 drop off the high just about right. Pretty big. That's a pretty big pullback. And now of course Tesla's in the S P 500.

So that hurt that weighs on the S P 500 when it comes down. And of course Tesla is now invested in Bitcoin. So now everyone invested in the S P 500s invested in Tesla and therefore invested in Bitcoin I Wasn't planning on being invested in Bitcoin but because I owned some of the S P 500 now I do so now I got to check the Bitcoin stock. uh, but bitcoin price every day.

But anyways, we're you know I'm I'm just I'm kind of just throwing out my ideas I I'm I'm always curious to hear what you guys what your opinions are. Um, they're just as relevant as mine. Thank you guys for tuning in on Facebook and YouTube and hitting the thumbs up. So no, I don't trade cryptocurrency and I don't trade Bitcoin and one of the things for me is that you know I I have a hard time feeling comfortable funding some of the crypto uh, some with some of the the Brokers I I I'm not saying that they aren't perhaps super, um, legitimate and fine, but you've also heard about some Brokers crashing.

You know, during really heightened trading. There's always that concern of what if the broker got hacked and you don't have Deposit Insurance you know it's it's just a it's a different ball game. so I don't think I'd feel comfortable putting hundreds of thousands of dollars into anyone uh, brokerage account. not that there aren't people that have millions in one account, but I just don't think I'd feel comfortable with it.

so uh, I I don't know I just really haven't gotten into it. Maybe I'm maybe I'm gonna be like you know old man who's like oh I don't have Bitcoin I don't know and just keeps going higher and higher. That's kind of what it's been I never thought it would go this high. but so anyways, I'm sitting here up 70 70 000 on GameStop so I you know I'm I'm I feel like I didn't uh I could have done better on GameStop this morning.

On the one hand, if I'd held my position a little longer into that squeeze. On the other hand, if I held the whole thing, I'd be back down to Red by eight dollars a share from the 150 entry. So you never catch the top and the bottom of a move. As a day trader, it just you know it just doesn't happen.

You don't You never. do you get you get as much as you can on it, You often feel like oh man, I sold a little too soon or oh man I should have sold a little sooner. You got to let that go because that's you're gonna feel that every single day on pretty much every trade you take. All right.

So let me catch up on the comments here. Um, did I ask you guys? Um, so code red says don't forget Uncle Sam's cut. Uh, this is in a retirement account so no tax but uh, I can't I can't spend it until I'm 59 and a half years old 23 years. That's all right I can wait and I'll let it keep growing.

Now that's not entirely true because I could take the money out. but if I take it out I'd pay um I'd pay income tax on it and I think as long as the contribution was more. um I think as long as the contribution was longer than like three years ago, you don't pay a penalty on it. but I don't remember I don't know exactly five years says Pancho so you know yeah, you could always and people do.

And I I did it when I was first getting started. Um, you know my parents had set up. it was I don't know if it was a um it wasn't maybe a retirement but it was like an annuity or something like that and you know the lady was like well if you liquidate it you know you're going to have a penalty of you know 10 and I was like I was like I need the money so you know what am I gonna do I need the money I'm gonna liquidate it all right So let's see. Yep, so I see we're back to the volume weight average price here on GameStop I have two charts on Game Stop up um costs was on the other side so that one again I I did jump on it I I chased it I bought a little high once it really started to prove itself.

the volume was a little bit lighter but yeah I should make a note on that to fund. uh IRAs for my kids I haven't done it. um it's it would be. It's a smart thing to do the soon I mean the sooner you do it, you know just as soon as you do it the the longer it can grow you think about.

my son is my older son is three years old so he's got 56 years of compound interest compound growth. So I think at the rate of seven percent the account doubles like every seven years or something like that. So if I put a thousand in right now compound Interest calculator, what's going to be it? Let's see. Compound Interest calculator.

All right. So let's see. So let's let's do this. So initial Investment: Let's say a thousand bucks.

So I'll put in a thousand bucks monthly contribution is zero length of time in years 56 years and estimate interest rate. Let's let's say six percent. Um, let's just leave that zero. calculate that's 26 000 bucks.

All right. Well, so I mean hey, you know you start with ten thousand, calculate 260 000.. you know you start with ten thousand and then you contribute. Let's see what contributing a hundred dollars a month does.

Wow. Even just 100 bucks a month? Well, if you start with a thousand bucks and then do a hundred dollars a month, it's half a million dollars. So you would have contributed sixty eight thousand and it would have grown with compound interest to 55 528 000.. Now what if you put that whole thousand dollars into the one thousand dollar calls on GameStop One can only Wonder Listen son I put it all in GameStop Because GameStop won't stop son, you're going to the Moon So you have to figure.

You have to understand. of course day trading is risky. uh and most beginner Traders do lose money. So I know when you see me trade I think Oh wow this looks easy.

Well, you probably could think the same thing about someone you know doing a lot of things that they've been doing for a long time like downhill skiing or um I don't know, surfing or juggling Flames knives I don't know But Ultimately, all of that is through a lot of experience. So the disclaimer that I put up and I'll put it up again here. um should put it right down there and I'll just I'll just put it up right here. Oops, Um, I'll just go like that.

The reminder is that day Trading is risky guys. Don't please don't try to blindly follow me. Don't blindly follow anyone. Prove that you have what it takes to be profitable by trading a simulator.

And if you can trade in a simulator and you can put together a decent track record of trading a simulator, then what you want to do is, um, look at those metrics and I'll show you just for instance, how you can do it. So you know you can look at those metrics and say all right, Well, you know, based on based on these metrics of trading a simulator for you know, three months or whatever it is, This is how this is how much money I'm making. This is what my profit loss ratio is. This is my percentage of success.

That's what you essentially are using as your business plan to justify trading with real money. And until you have something that's profitable, you'd be better off putting real money into probably almost anything else. The Re The The unfortunate thing is that a lot of Traders jump into the market without. uh, you know, without a lot of Education Without A lot of strategy and they throw in, throw real money into it and they get they get burned.

That's what that's That's the statistic. They think it'll be easy and then they lose money. and I'm sure some of you guys have had exactly that happen to you on GameStop And so my role as an educator More and more is talking people off the ledge and saying guys, stop drinking real money, you don't know what you're doing Okay, you had a little beginner's luck with GameStop That's awesome, but that's not going to sustain you. You're not gonna be able to build a career on that.

Don't sign a lease on a Ferrari just yet. That's four thousand dollars a month. Yes, you had a good month on GameStop but you think you're gonna be able to do that consistently for the next five years. Ten years.

I Mean yeah. I Guess if we had a GameStop every single month, but this was a very rare event I Don't think it's going to be something that keeps happening again and again and again. I mean if it, if it does, I'll be proven wrong. but I would encourage you to spend the time to kind of invest in practicing.

so uh, you know, to that extent had you back here in January Said all right, you know what? I'm gonna sit down I'm going to spend the next three weeks practicing every single day in a trading simulator. I Really want to learn? This is interesting. This is fun. I Like trading I Want to make it happen Then today.

right now, you would be better equipped to be trading this stock then. certainly you were a month ago and you'll be better a month from now than you are today. and you'll be better six months from now than you are today. Part of trading is learning the you know the mechanics of it and that's where.

uh, you know the classes that I teach and you know whatever I mean I'm learn, learn however you want. but that's that's where this comes into play. learning the kind of core components of trading and then you gotta start practicing. So this.

so my classes are kind of like it's kind of kind of a science in the sense that we have you know 100 hours or whatever it is of of lecture class which is me teaching you the topics, teaching you the strategy and then you have the lab work which is coming in each morning and practicing what you're learning in the simulator and then you're scored based on your metrics. Are your metrics sustainable? Yes or no? Okay So costs. So look at how look at how these two charts are trading like in tandem: Pops up, Dips down, pops up, dips down. So the question here is which one is is perhaps easier to trade? Well, Costs: I've made less money on, but so in terms of that, it would seem that GameStop is the better.

Although cost is a little less expensive, uh, it's up 92 percent. It's got three and a half million shares of volume. It's not easy to borrow. GameStop at 154, 155 is certainly expensive.

We still it's only 8. A.M We still have an hour and a half to the Bell and this is the problem with starting really early is that by the time the Bell Rings sometimes you're exhausted. So I don't know how how late I'll trade today, but I'm just catching up on the comments here. those you guys um, that are on YouTube I'm going to give you a link to the replay of my last um, free day trading class.

It's um, day trading one-on-one day trading 101 Free class. Register here for the replay at 1 pm. Eastern You can. You can watch it today 1pm Eastern if you want it's gonna be a replay and I have support staff that are in the replay so they can answer any questions that you guys have.

So if you're watching and you're like, well, wait a second. What's this? You can actually ask someone who's right there alive to answer. All right. So 36.50 on Um on costs is looking interesting, but then it's hard to trade costs without keeping an eye on.

GameStop GameStop has reclaimed the volume weight. Average price is starting to do a bull flag right above it. I'm going to get rid of some of these lines here, so let's see 167 5168. So while I prefer GameStop right now, it's not giving me a setup.

These are some of the levels that we'll be looking at 194 breaks. Then we're looking for a move up to 200, then 212.. So those are our levels on GameStop right now: Costs: Uh, the low there is 34.56 so it's about a dollar off the low GameStop Hide this candle is 55.80 so hi, there is 56.19 You know GameStop is one that if you get it going the right direction and you get one of those nice sort of 10 point surges you can do really well, but buying at a breakout is risky because if it does a false breakout and drops Five Points Just like that. Dang it, you know.

big loss. Hey Clary Check it out. That's awesome. Very cool.

Hey I Love that window Marine Corpse Very nice. Thank you for your service Man that's awesome. Very cool. Very cool setup I Love looking out the window.

Um I love having the window right here by my desk. You guys can't see it super well. this camera but um I have the window right here. I've had a Red Fox run by during the summer I had a groundhog living under the porch right here.

It's so relaxing your office space make and this is the this is the office where I've made the most money. Your office space makes a huge difference I think in how you trade, how you perform. So and sometimes when I'm on a little bit of a rough streak I'll I'll just come in and kind of just clean up my office I'll get it organized. Maybe I'll rearrange it a little bit.

you know, hang, hang a new light, or do something and just kind of spruce things up now. I This is 8 am, so we're seeing right at 8. A.M Some of those institutional alternative display orders going through that's common, so let's just all right. so if you recall, my neon Christmas light served me really well during the month of December and then I brought it out for good luck.

Uh, a little while ago and it might have an amazing day. So I'm going to put it. I'm going to bring it back out here. Um huh.

Okay, so we're seeing that volume surge. That candle kind of screws up the charts a little bit so the the high appears to be 63. Wow look at that volume coming in so our high day is 68. All right.

so we're getting another one of these little surges here, so let's try to dial this in. So we've got a micro pullback here, I'm along at 60. buying at 160 right here I'm looking for the squeeze to 165. So over 162 would be an ad.

Try to ride this momentum up here watching for an ad over 162. holding dip and then along 162. watching I want to get that ad to squeeze to 165. holding still I'm gonna let it pull back.

looking for 162. and 159.99 So looking for the squeeze on this up towards 163? 164. 165. watch it back over 160.

So we've got 159.97 there I want to see back over 160, then 162 163. this is a micro pullback right here. so we need to see the break back over 160 dollars. Buying the dip there at 59 for the break back over 160.

So there's 60 on the ask first one minute candle to make a new high. they're 61. So that was not a picture perfect trade. They're 60.88 I'm unwinding the position down to small size.

It wasn't picture perfect because I got in at 160, then it dropped back down to 158 I bought the dip at 159 get and again once it's back over 160 I'm like I better take some off the table I was just red on this thing high is 160 151 High there it was 161. New Order is 162. I'll add back a 162 or I'll add on a dip. Volume really picked up there at that 8 A.M mark.

Same with cost but not not as much watching down here as it pulls back. This is funny though because the high was 156. I'm doing a dip trade here 155 I'm trying to dip trade off of that 56 level. so in at 5564 looking for a pop back up to 57.

this is risky, no doubt about it. These type of dip trades can be risky, but let's see if we pop back up to 156.. So again, you see how we kind of have that move where it um popped up and then kind of retraced this. this move watching adding at 53 right there.

So looking for that curl that first one minute candle making you high right? see how that 10 second candle starts to pop up? So we get that type of Pop Now can we get back over 154. looking for 154.50 there's 154.. my average is 154 16. So I'm looking for that pop back to 154.50 then 155.

these are the some of those institutional orders going through. but I'm going to cut that loss at 53. so lost. uh I think I don't know like 3 000 on that.

Oh man, look at those. look at that. that's tough. Those are huge candles.

Back down to the kind of low here 135. well on the candle wick. hmm AMC hmm I don't see anything I really like there. These candles are crazy.

So let me I'm just going to move this around for a second. So look at that. Look at these candles. All right.

let's see foreign. So at this point I would draw this trend line from here to here. oops, from here to there and from there to there. So these are the levels that I'm watching on GameStop These are all very technical levels, but it's it's still what? I'm what? I'm watching all right.

So just being patient right now, we'll wait for the next opportunity. The last trade was a loser on the dip trade, but the loss was relatively small. I think in order for us to have good momentum today, you know, and this is probably stating the obvious, but we need to see. oops, we need to see GameStop I Think we need to see it hold up.

The problem is if it, um, if it fades and it doesn't hold up well I Feel like that's going to weigh on momentum across the board because it's the stock that so many people are watching I could be wrong, but if we don't get a big breakout on it I Don't know if we're going to get anything else, that kind of makes up for it. You know if we look just while this is kind of sideways here. this is our Gap scanner this morning. So these are all the stocks in the market that are gapping up more than five percent and are priced above 50 cents.

Those are my only filters. So as I look at this scan, we've got P-a-n-d which is up 131 percent. That's a buyout. Okay, so that's Merck is acquiring this company.

That's that's amazing. For shareholders, that's a that's a dream. A acquisition over 100 the price. That's a dream.

All right. So they did well. So next one is cost. This one's gapping up 100.

sorry, 84 percent. 84 right there. I'll put up my drawing tool so you can see maybe a little better. Let's see a term.

So there's 84 on costs. and then there's D-y-n-t now. Cost: We've already looked at um I don't know what that's all about. Um.

anyways, so um, just reading that headline. so Costs this has been sympathy to GameStop When Gamestop was strong, cost was strong because of a tweet that um, cost may be another Target for uh, the Reddit Community because it had such high short interest. Well, it ended up squeezing. Probably because it had such high short interest.

I Don't think that it was ever a big Reddit stock, but in any case, now today it's popping back up. Finviz reports the short interest on costs at I believe about 40 percent. Let me just check 40. Um, no, sorry.

um shows us 18 on cost right now. So it's actually come down from last night from yesterday. and let's look at GameStop GameStop is reported at 30 right now, so GameStop's a little bit higher. Um, anyways, so this one has given some nice opportunities starting at 7 A.M when volumes started to really pick up.

But realistically at this point the high is 39.45 So that's the real breakout spot. All right. So next one down. GameStop Oh D-y-n-t I skipped over that.

So this is on our Gap scanner, but it's selling off. It doesn't look that great. Game Stop Obviously talked about that a lot. so that's where we sit right now.

Girl, that's enough. Pull it together. sckt Uh, this one I'm pulling back ssnt. This one's also not set up well Asrv and those ones have lighter volume.

Anyways, this one gapped and sold off. True I wouldn't. Um TrueCar I don't care about this. Floats 83 million CCRN and now we're coming down the Gap scanner.

So these ones all have lighter volume. So at this point it's kind of game stop or nothing. Uh, this sometimes happens when you have a stock like GameStop that has so much attention. Uh, you know it.

Either you know it either works because everyone's focusing on it and we get great price, action, or or it doesn't. And when it doesn't if something else starts to pop up, that may start to become the the obvious stock. But one of my goals each day is to try to figure out which is what is the obvious stock today. What is the stock that all active Traders are watching right? So the way we find that is by looking at our high day momentum scanners.

These will show us stocks are squeezing up right now and then We measure the gain with a relative volume. So higher relative volume means the stock today has much higher volume than it did in the previous trading session. Cost today has 4.8 million shares of volume. Yesterday it had looks like 80 83 million shares, which is really impressive.

So pre-market we're kind of lighter on relative volume, but we're picking up GameStop Yesterday had oh, that was GameStop sorry, Um, GameStop had 83 million costs. Yesterday had uh, 13 million shares so we're already at half almost half of that pre-market GameStop had the 88 million and yesterday right now. yesterday and right now is eight point. Uh, three million.

so it's got about 10 of the volume. These will both probably have high relative volume. Today there will be a lot of trading on them. The high relative volume is an indicator that there's a lot of people trading it.

It's above average. That's as simple. as simple as that. it's above average volume.

So why is a stock have above average volume? It's usually because of some type of catalyst. Well, in the case of these ones, that's been kind of not always the case that we've had a very clear Catalyst But uh, the Catalyst I guess at the very least is that Everyone likes it and it's starting to move back up. So perhaps more of a technical Catalyst than a fundamental one. but nonetheless, that's that's what we're looking at on GameStop and I suppose costs as well.

so those are the obvious ones right now. but by the time the Bell Rings we may have something else that does start to pop up. and if one of these two or GameStop and then costs Falls if they both kind of fade then you're gonna have a lot of Traders sitting here looking for something to trade. So the next thing that pops up that looks similar or is moving quickly, you're going to have a lot of people that jump on it and that's that's sort of that fomo.

Momo Momo picking up because Traders are just sort of jumping on the next thing that's moving and we see that I mean across the market So it's can be hard because it sometimes feels like you're just chasing the volume. But Ultimately, as a day trader that that is kind of true that we are chasing volume. So we're always looking hunting for volume and volatility and then we've always got to be trying to manage our risk. Let's see.

um, wow, Okay, um, that was the problem. So this is where I finished the day. Uh, yesterday. For what it's worth, fifty thousand.

Nice recovery from my red day of 270 000 on the first week of the month first day of the month I lost 94 Grand and that was thanks to losing a hundred and Uh 25 000 on GameStop. So I haven't even made back today everything I lost on GameStop on that day I'm up 65 000 in this account I'm up 21 and this so it's 86 000 on the day uh, 75 of it is on GameStop So I still have another 50 000 to make back before I get back to flat on GameStop after that loss, but that doesn't really matter so start of the month down 100 Grand Basically two small green days, then lost 268 000 on Thursday the fourth. Slow bounce back, slow recovery and then things started to pick up last week. I've now had one, two, three, four, five, six, seven, eight green days in a row.

So since the 12th, so since February 12th, I've had eight green days in a row. Today's Uh, so far the ninth and I've made four hundred and fifty thousand dollars in eight days. Accuracy: 69 Profit loss ratio right around one to one. Biggest winner: 32 Grand Biggest Loser Twenty Seven thousand Not bad.

So uh, today. after today, if I can hold on to these gains, this is going to be the Uh. Was it ninth day in a row? Two four two sorry uh, five eight. So today will be the ninth day in a row.

It's the 25th. 25 is my favorite number. Uh, it always has been. A fun fact about the number 25 upside down.

it's 52. Now most people don't know that, but when you have a favorite number you know a lot about. you know everything. You know everything about that number.

So I know all its Secrets I know everything about it I know sometimes it tries to trick me up and you know, oh, today's my favorite day. Here comes number 25 trying to screw me up? No, no, no, not today, not today. Good start today and I want to hold on to it I will acknowledge that uh, it would not be impossible by any means for me to lose half of what I've got right here. I'm up 85 000 I could easily lose 40 Grand on a 10 point drop on GameStop 4 500 shares 10 points I could lose 45 000 just like that.

So I do need to be careful on risk management on this one. Uh, it does feel like it's coming back down a little bit. This is not the bullish pre-market I was hoping for I Was hoping that we were going to consolidate up here like this for a break at 200 and it was going to be fireworks up to 220 250. So in fact, we're gapping a little bit down after after hours and even if we do break through 167, then we still got to get back to 194.

I'm not saying it couldn't happen, but I'm not liking this as much as I was after hours last night. so you know, got to be a little careful on the wrist because it gets a little bit higher. Robin Hood Traders can't trade till 9 A.M Is that true? That seems crazy, you know I didn't really set a monthly goal actually I didn't even and I didn't check to see where I sit on the month. um I I haven't really set monthly goals right now because the Market's just so crazy.

Uh what? I make will just be what I make I mean I I could have a great month or it could be choppy. So I was sitting at 187 187 000 on the month after yesterday, so that'll put me today up over 200 which is great And that's before fees and commissions, Fees and commissions have been more substantial this month. But in any case, you know it's still A it's still A it's a good month I guess um I mean you know it's my worst month since November but you know, really can't complain. So watching my scanners here I'm going to put them up here.

Warrior Pro Students you guys have the scanners running on your side so we're going to keep GameStop on the left costs on the right I have this like little funny I don't know right under my C button on this laptop which is the one I use for the broadcast. That button has just been like not working super well. It's a problem because my hotkey for sell a quarter is Ctrl C and I trade on this laptop. Sometimes in the morning when I'm first getting up is uh hey, net, are you are you on? Are you in the small cap room this morning? Where's where's net at? Where's my man net? All right? Well looks like maybe he's not in today.

See all right, what time is it? Me 26. I haven't even had my breakfast yet. No Ryan she let me down I was working on my Craigslist post used old dog for trade. Yep, ju