All right, good morning everyone. So we're sitting here with about 40 minutes to the bell and we're gonna start breaking down the watch list for today and see if we can find a couple of stocks to trade. Uh, at this point I haven't taken any trades yet. I'm just kind of sitting tight.

You know I see a a couple stocks on the Gap scans, but I'm not really. I don't know, I'm not crazy about them, uh, leading Gappers Sxtc. but that's a reverse split stock. So this is our our Gap scan right here.

so I'll just I'll put it on this side. So Sxtc is a reverse split stock so you can see on the chart. it's not really a gapper, it's actually gapping down slightly. Reto has a 18 million share float.

The news is, um, I believe just a kind of rumor, not a very clear catalyst. And then Clsn is a 69 million share flow. That's A. That's a pretty pretty big float.

I mean, you know, as far as trading small caps is concerned. So on that one, you do have a headline you can see here of a fast track Fda fast track designation. so you know you've got a catalyst, which is good. It's not on no news, so in that way it makes the stock perhaps a little bit better than.

um. Rito. Reto. Rito has a lower float, same price, but not as clear of a catalyst.

Cls at least has a clear catalyst, but it's a little extended here and you can see it's been a little choppy this morning. so at the moment I'm you know, in terms of breaking the ice and taking my first trade. Usually my first trade is, you know it's an important trade. I want to feel pretty confident that the setup is going to work, so I'm holding off on taking that first trade a little longer today, But that's mostly just because nothing has really stood out as looking amazing.

Maybe I'm a little spoiled, you know, last week we had a bunch of stocks pre-market that basically went straight up, you know, G-tech and quick and a few others. And so you know if I don't see, I mean, it's not. We're not gonna see that every single day, but having just recently had those types of moves, I'm not super inclined to jump on something that's looking choppy that's grinding where I might only get three or five cents a share of profits like. So I'm kind of holding out for something that looks a little bit better.

and maybe I'll have to lower my standard a little bit. But you know? Uh, this month turned around for me big time last week. So four days of trading? Three hundred thousand dollars of profit. Just like that.

Forty One thousand on Tuesday. A hundred, Seventeen thousand on Wednesday. Seventy Six thousand on Thursday 86 000 on Friday. That's a great week That's 300 thousand dollars in four days.

320 if you include the Friday before. And so what that does. Um, for my P. L here is it puts me, uh, to 947 000 on the year recovering, uh, in full the loss from the first week of February, You know.

So I'm I'm not up a lot on the month of February. Um, if we go here, to there we go. So I'm up 80 000 on the month. Uh, and that's my gross profit.

So after commissions and fees, I'm actually I'm actually only up about uh, 20 000 on the month. You know, So I, I, I'm not in a place. I mean, you know, on the one hand, I could take a little bit of risk, I'm at least back to flat. But on the other hand, if I just wait for the right stocks, you know, and we do get some nice moves like what we had, uh, last week, then I think I'll do much better than trying to kind of grind through this, uh, choppier stuff.

Again, Not to say that maybe Clsn won't work, or maybe some of the others won't work, but uh, so far, nothing is looking quite like it has the same kind of technical characteristics of some of the ones that we had last week. So and yeah, 60 000 in fees and commissions is not abnormal for me given the amount of shares I trade. I spend money on, um, direct access routing. That's the big cost, the direct access routing.

and you know, in a month like this, uh, that comes off the you know the top? Well, it does on any month, but it certainly hurts. You know, in a month like I don't know, January, you know where I have one day where I make 475 000. I don't really care about having to spend a couple thousand bucks on that day on commissions, you know, but a couple thousand bucks a day it adds up. So anyways, I see Clsn broke out of that flat top right there.

So move this so high is 45. uh, you know again, it's uh, just the the float is throwing me off a little bit. I I have per trade commissions, but we all anyone who uses direct access routing has per share routing fees. Routing fees are always per share.

So direct routing through Nasdaq or Arca or whatever route you use and I see it's just the cost of doing business. It's as simple as that. You know, you could certainly use a free broker like you know each Raider, Robin Hood or Td Ameritrade and my only argument on that is that I think you kind of get what you pay for. you know, and we know Robin Hood Traders over there had major issues last month and well, you know, but it's free so it's just the way it is.

All right. So let's see. Um, so I was kind of hoping maybe right around 9 00 a.m that you know some news would hit the wire. We'd have some type of Pr and maybe that would give us, um, some nice opportunities.

It's 60, 000, not 60. Well I mean I guess it is 60 on about 100 grand or whatever. but that's that was not. That's that's just because of the specific instance of this month.

So just to clarify for instance, last year, um so 1 1, 20, 20, 12, 31, 20 20. So last year on 5 million in gross profit, I had 384 000 in fees and 113 000 in commissions. So less than 10 or about 10. and again, you know that's a choice.

You can choose to use a free commission broker. I choose not to. So if someone's making five million dollars is choosing to spend that extra money. Why, Why is it? It's because there's a value there in direct access routing.

It may not be a value to everyone. It may not be a value depending on your strategy, but for me, there's a real value there. Okay, so let's let's get back to on topic here. Um, first of all, so on, um, on uh, Youtube, Facebook? Uh.

I put up my disclaimer at the beginning of this uh, morning show as a reminder that day trading is risky in case you didn't already know that. So you should not try to blindly follow me or anyone else. You should trade in a simulator before trading with real money. Prove you can make money a simulator If you can't make money a simulator, You've got no business trading real money.

It's as simple as that. All right. So uh, as we sit here with, let's see, it's just coming up on 9 00 a.m And what I'm hoping is that perhaps we'll see some headlines right here around 9 00 A.m So I did something. uh, on the question on taxes.

That was pretty smart. I started trading in a retirement account in I guess it was 2018.. So in 2018, from the profit of my small Account challenge 583 to 100k, I made my first contributions into a brand new retirement account with those proceeds. And so, uh, from that point forward, I started actively trading in my retirement account and I have two accounts.

So on any day I can trade in my main account which I would pay income tax on or I could trade in my retirement account. So this year, for instance, I haven't almost all of my profits have been in the retirement account which is great. It's tax-free but if I want to make you know 100 000 and then take that money out today or tomorrow to pay bills or buy something, then I would trade that. or I would take those trades in my main account and I would pay income tax on it at my regular income tax bracket, right? So the short-term capital gains are your regular income tax bracket, so it's definitely higher than, uh, than, well, long-term capital gains.

But that's just the way it is. So all right. Um, so I try to focus on trading a retirement account unless I have a very specific need for cash for something. All right.

So Clsn, we've got the high here of 49. So we came right up to the double top back here at on February 11th, 2021. So right up to that double top there we've got room. then through that up to 408, over 450, room to 524 and up to 650.

So it starts to open up a little bit a little bit more over 450. but I don't know if it's gonna be able to get there. we'll see. At this point I would wait for a five minute bull flag seeing if we have any.

Uh, if anyone sees any news headlines hitting the wire here at 9am giving us a possible trade, let me know. So there's this one here that just hit the wire. Cyth unveils new corporate identity and the firm's commitment to improving quality of life and providing hope for patients and families. Okay, I don't know if that's a hot enough headline.

pops up a smidge, but not much. Evk. I don't see the news on that admp A headline. Pharmaceuticals clears to proceed with Human Studies for Treatment of Coven 19.

a little bit of a cheaper stock 80 Mp. Yeah, the float on that is 92 million shares. That's on the high side, so yeah, I don't think I would go for that. Let's see baby! So we had our opportunity there for a 9 A.m headline.

Doesn't look like much came out there right? So the question is, which one is the one today? Is there going to be a you know, obvious one today? and so far I don't see anything that is really indicating that for me yet. So you know this may be a slower day, but it only takes one, you know? So if I keep the kind of quality standard high and I don't take many trades today or I don't take any, you know. But then tomorrow we end up having a great you know stock that I can do really well on and make 30, 40, 50 000. then it's like yeah, might as well just take the day off and wait for the next one.

I saw Cciv but it's not really moving enough for me. So I look first for the rate of change. You know the high here 64.86 so it is coming up to that level. I don't know.

Cciv is also 200 million share float atif that one hit the scanners earlier and it actually popped up nicely from 1.50 up to 280. but then it pulled back down to 1.97 gevo popping up. I've got to look at the daily chart so I see the intraday chart. It's moving up.

Okay, well what's the daily chart, look like? The high Back there was 15.57 You know Gevo is a former Momentum stock, but at this point the float is pretty high. Let's see how much is it up. Right now it's up six percent. Let's see 154 million share float.

So ssy Dvk. Nothing all that interesting yet just have to be patient so you know some traders will scramble it what's out there right now. And I've done well enough in the last four or five days that I can kind of sit tight, be patient, and wait for the one. So that's my game plan right now.

We've got 23 minutes to the bell, so let's see. I'm going to move this over so I'll be watching my gap my Momentum scanners and halt scanners once the bell rings. Uh, viot, let me check the float. Um, so the Iot, I cannot.

I can ask our folks to double check that. So you know we use a market data vendor and float is an interesting one because you know different different market data providers will have often for float. slightly different. uh, different figures.

So I'm looking right now. this is over on Finviz and Finvis is showing a float of 32 million shares. I've got another data feed that's showing 15 million and then I have this one here that's showing 69 million which is interesting for sure. So yeah, that you know sometimes is the case and the best way to confirm it ultimately is to go into their Sec filing and see how many shares they have.

So V I O T, let me see. Hold on, let me just look over here. so I've got 110 Class B shares 209 million 110 million Class B 109 million Class Ordinary shares Class A does seem like it might be a bit higher, but I don't know. They actually don't have a lot of recent info on their filings.

I haven't really looked very closely at that particular stock, so I don't know. Clsn you can see first five minute candle making a new high down there at 328. could have taken that trade be up four cents a share high is 35 and the high up here is 49.. You know, the good thing about this one with 37 million shares of volume is that you could certainly if you wanted to take large size on it.

I just don't know if it's really, just don't know if it's really worth it. It's hard to kind of tell right now so there's 36. This might do a double top at the half dollar of 350. I don't really like that chart on Reto.

It's kind of kind of funny about 15 minutes to the bell While you're right that Reto is the first five-minute calendar to make a new high. It did a false breakout right here right there. It made a new high on the five and then went lower. So now it's sort of a moving average pullback, but it just doesn't look that juicy.

It doesn't look all that exciting to me. Maybe I'm wrong, but right now it just doesn't look that that interesting. Maybe it does. Go: so those you guys tuning in on Facebook and Youtube please hit that.

thumbs up if you haven't already. Not a super interesting morning. Things are kind of slow here so far. Sr Sorry Rsva.

Okay, I see that. So uh, let's look it up. Rsva Is this a special acquisition company? You know? So the thing is it's it's very light on volume as you can see. um, but these ones can move quickly.

All-time highs around 20. got to be really careful on this because the volume is light, so you know as you look at it, just recognize light volume. Easy to borrow. Not sure how many shares are outstanding on it.

It's extended on the five minute. it's gone from 16 to 2150. basically without a pullback. Clsn.

the high here is 338 of that little candle, so Clsn may end up giving us a abcd pattern. Maybe there might be something there we can keep that 38 spot on watch. Yeah, we still have 15 minutes to the bell, so that's a possibility. Clsn: that's a good idea.

Well, yeah, I'll make a note on that's it's not a bad idea. Reto: So there's Clsn breaking through 38 going up to 40.. you've got the flat top breakout at the half dollar. Well, it's a whole dollar half dollar breakout.

then room over 348 up to 408 so you can see the correct entry on the five minute was down at 328. The first five minute candle will make a new high and you know you're up. Realistically about, you know, 20 cents from 28 to 38 to 48, right? So I'm not saying it's not moving it is. but you know, relatively speaking, it's not that big of a move so would force pretty large share size to really do well on it You? So I don't know if we really have a super obvious one today, but you know, our uh, Reto Clsn.

those are certainly going to be stocks that people are watching. So Clsn the high that candle was 45 dipped down to 32. Sometimes on these I can start to get into the zone with doing quick dip trades and stuff like that. It's got 40 million shares of volume, which is good so the volume is good on it.

Uh, it's up 77. That's good too. Floats a little higher, but it's got room on the daily chart over 350 for move up to four. So you know this.

I'll definitely keep an eye on it. We still have 10 minutes to the bell. I don't personally avoid stocks on short sale restriction. I I don't have any real concern about trading those or I don't see any reason really to avoid them.

So we'll leave an order. uh, around 350 on Clsn. On let's see Reto low of this. Candles 303.

I don't know. I can leave an order on that at like. Well, the pre-market high here is 350. So like 356.

I could just put an order at 356 but not sure about that. Lizzie, I don't like that. Dip Sava 30 million share float easy to borrow. I had that big move.

Uh, three. let's see 117 there. That was the the high, but not sure about that. Eight minutes to the Bell Rsva.

Yup. so I see that dip there on kind of low volume there on that candle. So this is about essentially a bounce off the volume weight. average price.

But yeah, so it's starting to pull back. I guess that's a sharp a sharp drop. It's two points in one candle from 22 down to 1981. Hi, that candle was 45 on Cls n needs to do a proper five-minute pullback.

so a little bit of a breakout there pre-market That's a tricky one because the five minute was not really ready. You know, kind of just kept going here from the initial five-minute entry down at 328. So now you're up 30 cents from that entry. 356 was the high.

So Rito and Clsn both have the same high right now. both 356. pretty good volume, broke over the half dollar. Now it's back below it.

This candle on the 5 is closing in about 10 seconds right at 9 25 am. so we'll see what it wants to do. But we're sitting here with about five minutes to the bell. Clsn, maybe Rsva, Maybe Rito? maybe.

Also, maybe there's nothing today that I'm going to trade if nothing is obvious, if nothing starts to move quickly. but we'll see Clsn right now up 80 percent. 44 million shares of volume is the one that looks. I would say the best, but I'll keep Rito on watch.

I'll keep Clsn on watch. You can see Rsva uh, you know, high volume red candle, then a high volume green candle. So popping back up off the low, the high was 2267 and it's all-time highs. All-time high previously was 20 so these, uh, special acquisition companies can sometimes give us some good opportunities.

The volume is light which is a risk factor, but the volume increases that would look that would look better. All right. So we're sitting here with four minutes to the bell. At this point, that's I don't know.

We don't have the best looking gap scan. We've got a reverse split stock at the top. Then Rito, Clsn, and Rsva. Those are the the three leading gappers.

Rito, Reto. Oops. This one 18 million share float. It's a little off its pre-market high.

The only news is a rumor. It's not actually a clear headline. Clsn has a 69 million share float. so that one's a bit higher.

It's continuing to grind higher, which is good. so perhaps we get some opportunities on that one. and Rsva Interesting, but lighter on volume number one, which is a risk factor higher price which is a second risk factor so that one's kind of a wild card stock it. It could give us some opportunities, but the risk is higher on it.

So right now I'm I've held off on taking any trades on it, especially with two and a half minutes to the bell. so that's the game plan right now. I've got my momentum and high day high day momentum and halt scanners ready to go so those will be running as soon as the bell rings. A reminder for those streaming, uh, the live morning show on Youtube and Facebook.

Manage Risk Trading is risky. Most beginner traders lose money, so you should assume you will also lose money and trade in a simulator before you ever put real money on the line. I'm going to start trading here as soon as the bell rings. Well, I'm willing to trade pre-market and you know, once the bell rings.

uh, willing to look at this drop on Clsun? look at that. So what's the deal? There Just a just a little washout before the open. Back down to the volume weight. Average price could be a dip entry.

Well, let's just see if it goes lower the volume weight. Average price is 315. Uh, you know that kind of drop right into the open is not super bullish, but I'll take along there at 3 13. I'm going to do a bounce off the volume weight average price.

It's a dip trade, so that's the setup here on Clsn and then over 325. Adding there 320 and looking for the squeeze back up to 330 340. I think that's just kind of shaking out pulling the rug here pre-market a little bit. Let's see 897 holding a smaller position at 15..

the thing with this is that generally generally when I take that kind of trade, I look for that springboard that didn't really spring that much to be honest. popped up about 10 cents, so I'm just taking the rest off the table. You know, for whatever reason it's just not popping up all that much. But I think that was a fine dip trade and hey, a thousand bucks is not bad, but yeah, it should have.

It should have really bounced off those lows. So all right. Well anyways, we've got about 10 seconds to the bell. We'll keep watching Cls and see if anything else pops up.

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