Well, this is the day that, uh, that Reddit took over the world and Gamestop just broke 150 a share and ripped to a hundred and ninety four dollars and fifty cents a share. I'm still holding, um, a small position on this At 169.88 I'm up 21 000 on it. This is. I mean I it, They won.

They won. Uh, they crushed the big short sellers, the big institution, the big bank, whoever. Uh, it was short. Unbelievable.

This is a short squeeze so you know this is kind of a cool thing to watch right now. Uh, this was I. I jumped in as it broke 150 dollars, I jumped in as it broke 150 and it ripped up to a high of 194 right there. I just wish I had taken more size, but you know, as is always the case, you never know how high things are going to go and with this particular stock, a tremendous amount of risk trading.

uh, in these areas I mean, uh and I didn't want to trade this because I I knew that the the risk on this if it went the wrong way, was that um, you know. I mean I could be losing five or ten points so I didn't want to trade it earlier. But you know, through this awesome uh flag and then that break after hours, I mean that was a no-brainer spot. So now I guess the question you know for me is, how does it? How well does it hold up right here? Um, and does it keep going? And does it? does it keep? I just I where and where could I get back in? Could I get back in? should I get back in? So the low of this pullback right here is 75 so you can see it's dipping down a little bit more.

Uh, I. I think it's logical certainly to set a stop and break even at 69.88 on the balance of my position which is only 200 and uh sorry 292 shares. But boy um I am feeling a little fomo for the traders out there that bought the calls on it. Um, I mean good for you guys.

Give yourself a pat on the back. This is a this is a huge win. This is not going to happen every single day. I don't think it's probably going to be realistic that you're going to get that type of move on Blackberry.

I don't think it's going to happen on Amc. I think that Gamestop was the perfect storm. It was the right combination of market cap, float, short interest, and technical setup that it caught the attention. Um, both of beginner traders out there just looking to get a little piece of the action.

And um, you know, some of the traders out there with deep pockets that were betting against it. or perhaps um, that want to, Uh, want to kind of ride the momentum going higher so you know? I don't know? I can't speculate. Uh, I guess on I can. but who knows what's next.

Maybe it will be Bb or Amc. but right now this is not over yet. This right here. I mean this is this is wild.

This is Big. It's currently up 129 today. Now So many of you guys know. For me, as a full-time day trader, I'm up 30 000 in this account.

I'm up 17 000 in this account. So I've I'm up 47 000 on the day today. This is a good day for me. It's not an incredible day.

I'm an active trader. so every single day I come into the market, I'm trading and I trade what's in front of me. today. I didn't trade Gme yesterday because I was worried that the New York Stock Exchange might halt trading in it because they have halted trading and other securities that have made really big moves.

And so to me I was like this has too much risk of getting halted. I can't I can't risk it. But then it didn't halt yesterday. So at this point I'm like, all right.

Well if they didn't halt it yesterday, I mean it's not to say they couldn't halt it today, but at this point, you know I. I don't feel like that's as big of a concern anymore. I could trade it after. I sorry, I am trading it after hours.

I could trade, uh, the options on it. But the challenge with trading options on this are larger spreads in the options chain. Um, this is. uh, I'm not even really, I don't I was just using this account for, um, some like demo stuff.

but you can see here like the 200 calls were 19. when we were looking at them earlier, they were six bucks. Uh, but look at the spread. Well, it's after hours.

but you're gonna have you see there's big spreads in these, so uh, these are fine for buying and holding. You know, buying the calls and just holding it for the next couple weeks or whatever. But it's harder to day trade the calls or even the puts just because their spreads are bigger and they're a little bit. Um, they're not as liquid and so you can get in, but then you might have a hard time getting out so it's easier for me to day trade the actual stock even though the price is, uh, higher.

And you're right that the stock did get halted today on circuit breakers, but didn't get halted by the exchange pending investigation. And that's what I was worried was a risk factor. So right now, this is, kind of, uh, the low of the pullback down here is about 73. I think for me at that point, this point that's a logical stop.

Um, I'm um, I, you know, I'm I'm not going to be able to hold this for forever. I'm not going to hold it into tomorrow. I, I'm just. I'm a day trader so I'll just capitalize on the volatility and buy it up as it goes higher and buy high and sell higher.

And that's basically you know what I do. But yeah, so I you know I paper hands because I'll I'll bail if it starts to look not great. But that's because I take so much size that I can't afford to hold it for a huge drawdown just based on the way I I manage my risk. So I'm looking for this to break over 180, back over 180..

the first five minute candle to make a new high is maybe going to take a few more minutes, but um, well, it's currently we. It's 4, 4, 27. So we have two and a half minutes left on this current five minute candle which right now is a green doji. Then look for the first candle to make a new high and see if it wants to curl back up towards the high and break over.

I don't know. 200. So 164 million shares of volume on it? That's a lot of volume. It's liquid.

You could certainly get in and out with pretty large share size. Although I wouldn't feel comfortable taking large share size. There's just too much risk. Uh, for me to want to put millions of dollars into this stock at this price.

You know, I I I like it. but I have to be. I have to manage my risk in a smart way. So anyways, I'm happy with 21 000.

If I can get a little more on it, I'll be happy to get a little more on it as well. So I want to watch to see over. um, 180.. See, this is a little premature right here.

There's a 26 000 share seller at 80.. it's a little premature. It's not quite a five minute setup, but look at that right through 85.. So now look at that boy.

My goodness, that candle is nine points. So the high is 85 there. So now we're starting to move back up. All of a sudden, the momentum picks back up.

Let's see if it breaks over 86. so I'll add there. I'm looking for this to break back over 90.. I'm starting to scale in here for the move back through the highs.

The first candle will make a new high so my cost basis comes up. I'm going to move my next order to 90 190. And I'm I want to see if we're going to get that break of 200 bucks. This five minute candle is going to end in 30 seconds.

The current high of it is 87.. So we're going to look for the breakthrough 87. at this point I would set a stop around break even. but I want to try to hold for the break through 190 dollars and then 195..

So it's up 140 percent. My next order's at 190.. This five minute candle is closing in five seconds with a high of 87 187. So I'm watching it over 187 dollars For the first five minute candle.

Make a new high. Which watch here. There you go. There's 87.

There's 88. Okay, new order at 190 over 190. Then I look for the move up to 195. This is just day trading.

Uh, the price action. That's right in front of me. So I'm looking for the break through 190 450. this is, uh, definitely pretty incredible.

The low of that last candle is 183, The low of the current one's 184.. So let's see what this does here. Can we get back over 190.? So looking for the break of 190 and I want to see if we're going to get that test of 200.? there's 187 186.88 on the ask, what goes up comes back down. But this is going up faster than probably any stock of this price range in this market cap that I've seen recently.

So the high there is 89. My order's at 90.. I'm thinking if it breaks through 190 that we might get a quick squeeze back to 94.95 up towards 200.. I could be wrong, but that's what I'm thinking.

So right now it's consolidating under 190. High is 189 there. So where can I add? 188, 189? Maybe 189.50 Watching the tape right now is a one minute micro pullback right underneath 190. those are you guys tuning in on Facebook and Youtube.

Hit the thumbs up if you've been watching Gme from the sidelines, I am live trading it. Right now. I'm hitting the bid there. See how? all of a sudden it pulled back so up 25 000 on Gme I'm gonna let it pull back.

I'll come back for the next trade. The High That candle is 189. Boy, you know for me, I I stop out when I see that kind of flush because I got to lock up the profit. So now in the one minute we have this pullback, this pop back up.

I'm going to draw an ascending support line right here. So as long as it holds above 180, that certainly is bullish. We know the breakout that I'm really going to be looking at is over 189 190. So if it consolidates in this area, then I look for the break through the high.

But I can't. You know I? I try to manage my exposure risk on these and not put myself in a situation where I'm holding and just break even or holding for a long, long period of time. But this is, uh, definitely broken out of yesterday's high which is 159. And you know, Yesterday I was a little concerned about the fact that it had that crazy big move.

uh, pre-market Then it came way back down. and then it ripped up here. But then it came right back down. I mean, it went from 160 all the way back down to 61 a share.

That's more than a 50 pullback off the highs. That's a significant draw down and then right back up. so short sellers are not getting let off the hook on this one. Okay, so you can see how it's it is curling back up a little bit so it dropped there to a low of 180.

an additional five dollars a share versus my exit at 85. But now it's coming back up. The only challenge is how do I get back in up here when I just sold at 85? So I usually would say at this point the high this candle is 87.80 There's a seller at 89 of 12 000 shares, so I'm taking a trade there for the break over 90. see how that all of a sudden starts to open up? Now our high is 94.50 So Net 195 is where I have my next order.

I want to see if it's going to break through 92. So adding there for the breakthrough 92. Now looking for continuation through 93 and 94.. if we break through 94.50 then we're looking for that squeeze up to 200 bucks.

So watch over 94 95.. So there's 93 adding there at 93.96 for the breakthrough 94. there's 95 adding at 95.. now looking for 96.

97. I want to catch that squeeze. Is it going to break over 200? I'm going to put an order at 198 to add Watching here, Adding there at 90 at whatever that Is 97, there's 97. Can we get the break over 200? The high? This candle is 97.

My order's at 97.. I want to add for the break of 97 back of my target squeeze over 200.. So we've got 96 76 on the ask. Watching for an ad orders it.

There we go: 97.50 Nice. Taking a little off the table. New order goes at 200. My average is 93.92 high of this candle, 97.96 orders at 200 for my next trade.

So one of the reasons for me that I will take some off the table into these levels is because in the event that we get a false breakout, at least I've paid myself a little bit and then I can always add back by adding back. I have a higher cost basis, but I don't really mind doing that. Orders at 200. if we break through 200, it could move pretty quickly to 205..

Watch. So I'm holding right now at 93.92 I don't mind risking what I'm holding in exchange for adding for the break of 200. Adding right there. Look at that.

We got the break of 200. Now look for 205 202, 203, 204, 205. 203 204. Looking for 205 dollars? There's 205.

We can get 206, 207, 208. Going to get 210. There's 208. I'm up 51 000 on this.

51 000 On the day new order is 210, I'm holding it 97. Oh my goodness. So here's the problem. I have to be very careful adding higher and higher because if we get one of those drawdowns where it flushes, it could be painful.

I'm still holding 286 shares at 197.. Okay, so the high? there's 219. my order's at 220.. look at that.

look at that flush, see how that dips like that. I'm going to switch this to a 10 second chart here. Okay, so now we're getting that pull back. so let's let's look for the pullback for the next trade orders at 220.

Oh my Gosh. Oh my goodness. I and I didn't get a fill. it just broke.

Without me. the new high is 224. So I have to be careful here if I add really high. Just remember, all of a sudden we'd get a 10 point drop.

With a thousand shares, I'd be down 10 grand. So where can I add? The current high is 24. So over 24. adding a 24 there.

Now looking for the break of 25? adding at 25. Now trying to ride this momentum here up to 130 cost basis has increased. Riding the momentum looking for 130. Nope.

So I'm unwinding a little bit. Oh, here we go. Okay, the high there 133. Oh, I sold a little too soon.

I'm so proud of you guys. Those of you who have crushed this I am so proud of you. Some of you have done so much better than me. I've got these weak paper hands.

High is 1 34 95. It's a sickness 135. All right. Orders at 235 235 Adding there, breaking 235 Now looking for 237 Cost basis is 225 so I've got to manage my stop at breakeven high of this candle is 237.

new orders at 240. riding the momentum there. Looking for 250 a share? watching over 250. there's 240 adding at 240.

there's 242 looking for 245. Are we going to get the squeeze up to 250.? there's 240. Look for 244. there's 244.

Can I add again? no little pullback there. 10 point pullback. Taking it out for right now. The top 244.

Whoa. But that's why we got to be careful. look at that. So I gave back a little off the top because I added it to my highest ad on this was actually my highest ad was 240 and I sold at 240 and then 239 and 233.

Wow. Okay, so now we're getting a pullback the same as kind of we did back here. High volume on that ramp up to 244.. look at that from the after hour or um, you know, like 3 30 p.m We had a 150 high.

almost 100 a share. so I'm up 51 000 on Gamestop. I know many of you guys will make those games look pathetic, but you know what? That's 60 000 on the day right there, plus another 17 over in my retirement account. So that gives me seventy seven thousand dollars of profit day trading today.

I am grateful for that. This is this is A this is history in the making right here. This type of move. This is crazy.

I mean it's amazing It this is a short squeeze. Short interest increased um, from I think 39 139 to 140. So we had an increase in, uh, short interest on this over the last uh day, despite it being up this much so, short sellers doubling down and what? You know, what's the limit? It's a short squeeze. So it's an imbalance between supply and demand, and short sellers are going to be forced to cover.

So now we're getting a pullback. A Dramatic. I mean, you know, a large pullback, but that's this is the way This stock trades. High is 140 244.

And the nice thing here is that you know if you had an options trade on this just for just for the sake of argument. Um, you know everything that's happening after hours. You're locked out. You know you can't capitalize on this after hours volatility.

So I've been able to capitalize on this stuff. This move pretty well because I'm trading outright stock. But the problem obviously with that is that it does take more money to take those trades. So it's you know it's a it's a trade-off So Gme and Oxbr.

Oxbr is the other stock I traded. Um, today I trade that one this morning as it squeezed from three bucks to six dollars. That gave a really nice five minute set up here. First five minute candle to make a new high.

I bought that right there, made Um 8 000 on it, but in my retirement account I had traded it uh, earlier and lost 5 000. So I'm actually only up net. You know, two or three thousand on Oxbr, but that's that's okay. Um, you know green net is good.

I lost on Edsa pre-mark or when the bell rang. This one was a little choppy, popped up to 12 and then faded. No, sorry, this was. this was pre-market that I took that trade and then costs.

This gave us a nice move yesterday. This one has 41 or 42 percent short interest. So this one got some attention. Uh, yesterday.

going into the close from four up to five six all the way to ten. So comparatively that's a 100 percent move. 200 percent move in like 30 minutes. You know this Gme move.

This is impressive. There's no question about it, but uh, you know, having these types of moves this sort of took oh you know, it took the whole day for it to consolidate, grinding up before it finally went through fireworks and notice. lighter volume after hours. lighter volume after hours as it just rips up my goodness.

Uh, what a move. One 244. Wow, that's amazing. So you know this is one where I was like, you know I didn't, I was like, oh man, I want to trade it, but I don't want to.

I don't want to get myself into a jam on it. so I've got to focus on good quality setups. And for the most part I did that and now it's about 4 45. So you know we're coming to the end of this, uh, sort of after hours hour of trading.

It may go higher. It certainly may, but usually what we see is further into after hours, we see volume declining, so I'm not sure whether or not I should keep trying to trade it. I guess the levels that I would watch would be over 1. 17 for for day trades, so 117 and then 120 125 people buying the dip for that next move higher.

A reminder of my disclaimer for those on Youtube and Facebook. day trading is risky. In case you didn't already know that. Um, easy come easy Go.

I probably on some of these trades. could it just as easily had I had a thousand shares on that full drop right there that dropped 34 dollars a share. That would have been a 34 000 loss if I took that if I was holding through that whole drop. So you know I mean it's it's easy come easy go and I want to try to, You know, not give back too much of this.

So I got to be careful. I got to protect that profit and then roll it into tomorrow. Okay, so we've got this now. Coming back up.

Let's look at the one minute chart to try to dial this in a little bit better. So where's my next entry? Where's the next trade? The One Minute Now has three green candles in a row. It broke over 17 without much of a problem. Our high is 44.

So the short squeeze right now is happening just on stock. It's not happening necessarily on the options, although anyone that's holding that sold calls obviously has the knowledge of how much it's going up and how bad the situation might be tomorrow. But there's nothing they can do about that really, other than either buy stock to just hedge or which you know is then maybe people just buying outright stock or just hold So you've got nice bounce there from 96 all the way back up to 27. that's a nice bounce.

The High: This candle right here is 27. Uh, so let's see. I'm just kind of getting back in on this. Watching the level two and trying to decide where can I be a buyer.

I'm thinking maybe over 27, but it's a little. It's just a little extended up there. I probably only do smaller size to start. Uh, I can't.

I can't do it quite yet. it hasn't. I need to wait for a little bit of a pullback like a one red candle just to kind of press the reset button. Otherwise, I'm getting in after the third green candle in a row.

And sometimes you know right after that wave up you have a wave down. Now that's fine if you're buying and holding for tomorrow. but for me I'm not. so I need to just be a little bit more careful.

Hi this last five minute candle is 134.81 First five minute candle to make a new high is a technical setup, the same as what we saw before down here at 187. This 5-minute candle has one minute left on it with a high of 130 the high rate there high volume red volume on that candle at 130.. it's up 196 percent. So three green candles in a row with a doji at the top right there.

The doji's that small red candle that opened and closed at the same price. Watching for a dip not dipping? So I'm taking a trade there. I want to see if I can get the break over 130 but with smaller size to start. Just to test the water.

I mean at 129 but I'll hold through this dip looking for the break of 130.. So there's 124. I'll add at 120 450. So I'm trying to buy the dip.

The high of this candle is 130. So I'm gonna look for this back over 130. So look at that flash down. See all of a sudden you get that little flash on that candle.

Let's see if that pops right back up. Over 125 128 First five minute candle to make a new high is 130. So 130 is still the spot I'm watching. so you can see how I got in a little early here.

The height of this candle is 120 450. So I'm waiting for that first candle to make a new high and then the break back over 120 450. So I'm sorry. 220 450.

So the High: This current one minute candle is 24 50 with about five seconds left on it. So this will close. Looking for the first candle to go green? So there's 22 on the ask. That candle needs to go green to really be more bullish.

There's 22.. You can see how how the five minute is a little premature because it's not breaking just yet. but we're waiting for that first. So this is sort of the wave.

The wave up, the pull back, the wave up the pullback and I'm getting in here looking for that next wave up through 130.. but that's 115 on the bid. Let's see if it pops right back up. there's 16 or 215.

I'm going to hit the bid and cut my loss on it for five grand. So up 55 000. I just can't afford to hold through a big draw down on it. So hey, you know what I'm I'm happy with that.

It's still a good day. It does still look good to me. Over 129. But the low of that.

candle on the wick was two was 208 229. Sorry, it's just a tough one when you get in high because I had a number of trades early where I you know I was in and then I'd stop out and then I was back in and stopped out and I felt like boy I just keep getting kind of shaken out on this and that was back in this area here because I kept trying to time the break of 150 and it kept trying here and here and here and then back up here and here and here and then kept failing until finally it broke after hours. so you know where it is now. I I like the idea of it back over 129.

I love the first five minute candle to make a new high. That's usually the setup I'd go for. I suppose you could look at this as the break of 150 being the first set up, the break of 187 being the second and now we're in the third pullback here. Third pullback is obviously a little bit riskier, so maybe that's why this is having a little bit more trouble.

I don't know I could get back in down here at 115, but I think I'll just say I'm I'm happy with my gains today. So 55 000 on or 46 000 on Gme plus 17 000 over here. So still in the 70s about 72 000 on the day it's five o'clock and I've been trading since about 8 a.m so it's been a pretty productive day. I'm happy with that and I'm going to be back tomorrow first thing tomorrow and we'll see what where Gme is at.

it's going to be. Um, this is going to be something that everyone is talking about tonight, so I'll be excited to see what it does tomorrow. Maybe it goes to 275, Maybe it goes to 300. Maybe it goes back to 150.

I don't know. but I have enjoyed the ride and I'm going to keep riding the momentum on every leg up that I see on it. I'm going to be buying into those breakouts so you know we see a big seller on the ask. That's where I'm buying up that seller for the next leg higher.

So I'll be aggressive when I see good setups. And hey, maybe I'll make another 46 000 on it tomorrow. We'll see. As long as it's moving higher, I'm going to be riding that momentum.

So that's my. uh, that's my recap for today. Live Trading Gme. Thank you guys for tuning in and I'm gonna say it's five o'clock I'm done for the day and I'll be back tomorrow.

All right. See you guys all tomorrow morning! You.