Hey everyone Alright so this morning finishing another green day of trading seventh green day in a row of only $110 But hey, progress is being made and I'm totally okay with that. Today's a day where I wore red to remind myself to take it easy. red flag is out. Go easy Monday GMC a fell over CTR on yesterday today are wlk.

you know? Well, it dropped significantly just before the bell a headline at 9:15 So I just felt like today was not the right day to be aggressive and I eased off the throttle. The only trade I took was with a thousand shares I made eleven cents per share. one hundred ten dollars and that's it I just didn't feel that I could trust anything more than that now. I tried to take a three thousand share position I only got a partial fill and that's because the stock moves so quickly.

That's fine, that's the way it goes sometimes. So if I take in the full three thousand shares, maybe I would have had three hundred dollars or something like that. you know, - little slippage, but you know again, it's just a day sort of of rest between strong momentum stocks. I Think it's just really important to be able to recognize the market that we're in when it's hot.

I'm gonna be super aggressive and when it's cooling off a little bit. I'm gonna step back I'm gonna sit, you know, with a nice cushion of profits from a really great couple weeks of trading. and I'm gonna wait for the next any quality opportunities reminder tomorrow 1:00 p.m. Eastern I'm gonna host a free workshop where I'm going to break down the five criteria for a stock to have homerun potential I Use those criteria to help me evaluate whether or not a stock is worth being aggressive on.

so this is a great time to attend that type of workshop. If you're not able to attend a live event, you can still register. We'll send your replay, which is totally okay, but this is a period of time when momentum is a little slower. where you've got to be really selective.

trade the best, Leave the rest All Right See you guys first thing tomorrow morning. All right everyone! So we're gonna do our midday market recap. I'm not gonna take any more trades I see our Wlk moving back up a little bit but I just I'm not that interested in its at the 200 moving average daily resistance 16 million shares of volume today and of course you know it was gapping up over 200 percent this morning up at 11 dollars and then BOOM drop down to 750 on this news of exorcising warrants resulting in cash proceeds of ten million dollars. So this for me I just didn't see any good low-risk opportunities to trade it.

and this morning before I even came into the office before Eve it was even looking at any of the Gap scanners I put on this red sweatshirt and I told myself go easy. Today yesterday, Monday and Tuesday were both kind of orange flags and I think now there's there's a red flag and it's because on Monday we had GNC A, which was a pretty weak gap and Go stock actually about as weak as it can get, it gapped up and sold off the entire day closing at the Lowe's what happened yesterday CTRM did the same thing and when you have really obvious strong momentum stocks that get sort of knocked down like that, it's A. It's an indicator that momentum is is starting to shift and rather than just ignoring that and continuing to trade aggressively as you know, because last week the market was so high I really wanted to stay present with what's going on right in front of me in the market and to adjust my strategy to this sort of shift in momentum. So I'm gonna finish my seventh green day in a row here and even though I'm only up a hundred and ten dollars, you know Green is good.

progress is being made and what's great is that it's not a red day because this is a day where I had really high likelihood of being red I didn't want to lose sight of that I didn't want to forget about that I wanted to be conservative and so the first thing I did today was reduced my share size my max share size from 15,000 shares down to 6,000 Now this says do not allow and I put in a six thousand and one because I want to allow myself to take six thousand shares but not more than so I put in a six thousand and one so my max size is six thousand. So I reduce my share size today and you know, let's not forget we've had a fantastic last seven days of trading. I mean the market has been really really good, but these last two days were a little bit more difficult and so as I came in, the first stock I was looking at was our wlk and when I was looking at the Gap scanner at 9:15 I was like this is this is the one it's well, let's see, let's do 9 9, 10 at 9 10 this thing was gapping up 200% 3 million sheriff load 2.5 million shares a pre market volume you know I was like this is the Gap and Go stock now I thought that there was a risk that it could sell off like GM CA and and CTRM but I thought at least it would give a good gap and go set up and then right at 9:15 news comes out pre market or that was right there and the stock drops back down. So one of the reasons we don't take pre market trades drops down and then yes, it bounced off the low.

but I just didn't trust it. it didn't want to push my luck on it. so that one was off the watch list by 9:15 9:30 This one didn't have enough volume. This one was too cheap and the flow is too high.

This one doesn't have enough volume. This only had 300 shares. This 72 shares. so pretty quickly or see that.

Wow There's not a lot that looks good this morning. Floats too high, Floats too high. Too cheap, too expensive, too expensive. Sol Y is on the more expensive side.

Of course it was a five six dollar stock a couple weeks ago. I Guess actually the low is five dollars. and yes, it's gapped up here and been holding this level relatively well. but lots of dough.

Jeez 1, 2, 3, 4, 5 Dojis including today. It's just not an easy stock to trade. So I'm leaving and leaving that one alone. and pretty much you know that was it.

So there was nothing on my scanners this morning for a gap and Go trade and that's okay. Some days are like that. I would say four out of five days each week I am able to find a good gap and go trade, but today I wasn't So given the fact that you know we've had a couple of close calls yesterday the day before and that today clearly I had no gap and Go trade. I decided that I would just sit tight and wait.

and basically today I could have easily gone without taking any trades are Wlk I was on the scans I'm kind of popping back up and you know, obviously hindsight, 20/20 it did move, but I just sort of thought that this price action was a little bit more difficult I don't I didn't really want to do a red to green type of setup on it because I just felt like there was too much weakness from this drop. you know, kind of did break over nine dollars right here and sort of struggled at the V whap you know you could have traded it, there were some opportunities I saw some of you guys did trade it and made some money, so good job for those that did. but for me I just felt the risk was a little too high so watching stocks on the scanner i FM k lower-priced wasn't that interested, you know and there really just wasn't a lot here that looked great on GNC a popping up here at 10:30 now potentially moving up, but it's gonna run into resistance up at this moving average. so the only stock ended up trading was cool and this one was kind of funny because it's actually a reverse split.

So the stock did a reverse split. As you can see right here and you know I was like alright I'll I'll keep an eye on it, you know we'll see if it if it does something interesting here. it pops up to a high of two dollars and ninety five cents right here. It then pulls back and it ends up breaking over that level.

I Prepared an order at 310 for three thousand shares I Press the Buy button and it popped up before I could even I mean I only got a thousand shares of that order filled I left the order there I was like oh, maybe it'll fill the rest of it. it didn't So I you know I just I was like, well, okay, thousand shares do I want to add to it or do I just want to leave it alone and I decided just to not add to it. Popped up to 333, dropped back down and I stopped out with a small profit. GNC A Looks like it's about to get halted right here at 65.

I Think what you've got going on here. Traders jumping on. you know, a Momentum stock or a former Momentum stock. But unfortunately for me, when you have a stock that's in the shadow of this big red day, it feels hard to trust.

There's a seventy-five thousand shares sell order that just flashed there 750. You're gonna have sell orders lined up on this thing. It might gap up a little bit. It might make a move up towards 7.

It's possible that traders will end up jumping on it just because. you know. Hey, something's finally moving today, but you can see how it hit the scanners. people start noticing it.

Volume increasing, stock starts moving up. So this is a hide a scanner type of alert. but I just feel like the risk. especially now at this time of day at 10:30 is we get further and further away from the open is just too high.

So for for myself, one of the things I will say is that when I'm having a day like today where it's 10:30 and I'm only up 110 dollars, That by itself is an indicator that I should just get as far away from the computer as possible I should not keep trading today. by this time I should be above my daily goal of 2,000 Now if I keep trading, there's a very good chance that I'm gonna go red on the day and that's just it's just not worth it. So you know, whatever. I'm just gonna leave this alone and not give in to FOMO And that means one of the best things I can do is gonna be you know to shut it down, close down E signal, close down my charts, not sit here and stare at the market.

That'll get me, you know looking at stuff. So I'm just gonna shut it down now. Reminder guys tomorrow: 1:00 p.m. Eastern I'm gonna host a free workshop where I'm gonna walk through my five criteria for evaluating the stock for whether or not it has homerun potential and that's the reason I only took one trade today and that's the reason in the last seven days of trading, I'm up over thirty thousand dollars.

It's because I'm very selective about what I'm willing to trade. Learning to be selective will help you hone in on the stocks with a lot of potential and avoid the stocks that you know just don't have as much going for them. So I'll post the link here in the chat room for you guys. you can reserve your seat there.

So tomorrow June 6 1 P.m. Eastern I'm looking forward to that workshop so we'll do our regular morning routine. We'll trade from 9:30 you know, till 10:00 10:30 whatever the case is and then midday recap. and then they'll switch gears around 11:00 and start getting organized for the workshop at I Wanna clock? So this stock GNC A The timestamp of the last trade right here is at 10:30 8, & 8 seconds.

That means it should resume at 10:43 and eight seconds, it should be a five minute long halt. I Would expect this will be a 5 minute long haul. I Don't think it'll be difficult to match orders. You're gonna have bag holders who likely just left sell orders out at random places, so you know as the stock gets ready to resume, they've got a balance and match the sell orders with the current buy orders.

Let's say someone did a market or are going into this halt. or let's say someone has an order right now. I could put an order you know on this thing you know 650 and press the Buy button and that's gonna be a live order that on resumption they're gonna need to try to match with a sell order right? So you know on resumption orders match. and if they can't match those orders in five minutes, then the halt continues for another five minutes and then you've got 10 minute long circuit breaker haul.

Typically when stocks are halted for 10 minutes, they open significantly higher than when they're halted for only five minutes. Let's look back on Sol y while we wait for this to resume. Well, I'll let it resume just so we can watch it. So resumption here if it's a five minute long halt in a little less than a minute.

Alright, so as so ly we're gonna go back on this one and to the day that it made the big move. which is right here. Nope. So there was this.

All right. So on this one you can see the stock squeezed up to a high of 683 and then resumed at 740. So it resumed 10% higher. Meaning if you bought going into the hall it was an instant 10% winner.

Now the stock at that time didn't have a lot of previous action and so it was able to just really take off. So let's watch. This resumption should be here. Okay, it hasn't resumed yet.

There's resumption and it's resuming just a little lower right. Not surprising. Now the high. The halt is where I would be a buyer typically over 65.

I'm not going to do that on this trade. the high is 65 as I said. I Think that this is too much risk with this shadow of this red candle here? So I was able to avoid a ten-thousand share position. And you know potential $3,000 loss on this because I knew that this stock didn't meet my criteria.

That's that dip by opportunity right there. Again, you've got a high of 85. The fact that it didn't open higher for me I wouldn't usually do a dip by on it I do a dip by when they open higher and dip down when they open flat and dip down. I Personally, don't take that trade because it has too much risk.

Could I have taken it and quickly gotten in and out? Maybe. but it wouldn't have been easy. So you know this is part of the deal of learning how to trade, being able to navigate through choppy waters, being able to identify stocks with homerun potential, and avoid ones that have very high likelihood of giving you a fake out and then unnecessary loss. All right, so that's it for me.

10:45 here. We're gonna shut down, Live to trade another day, be back at it tomorrow, and hopefully we have a good gap scan in the morning. Can make some money in the first five minutes and then build a cushion and use that to take trades 2, 3, 4, 5 as we get further into the morning, through the opening range and up to ten-thirty All right! I'll see you guys all first thing tomorrow morning. 9:15 for pre market analysis.

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