What's up everyone? All right? Well here we are. Time for another case study. The last one was on Gamestop. Uh, I'm actually not sure if I still have that one on Youtube.

That one maybe right now just reserved for uh, Warrior Pro students. but I'm gonna put this one out here on Youtube for the time being and I hope you guys enjoy it. This is gonna be the case study on Neuro N-u-r-o And over the last three days the stock has gone from four dollars to forty dollars a share. I made 123 000 on it.

That's right, You heard that right girl. That's a lot of dog food. Now on day one, I went red, I lost 100. Sorry, I lost 35 000.

35 000. on day 2 I made 43 000 which gave me 8 000 in profit. and today I made 115 115 plus 8 123 000. There we go.

In three days of trading, this thing was wild and today is when it peaked at 40 and 83 cents a share. So I'm going to give you the case study of sort of the breakdown of the last three days. What? Um, I didn't talk about a lot, was the initial catalyst which was an Fda approval. Um, fast track or it was a breakthrough approval for Um treatment for fibromyalgia and I thought that that was interesting.

Um, it's always hard to know with bio medical pharmaceutical type of therapeutic stocks when a catalyst is going to result in that kind of move you just don't know. Um, so hang on, hold, hold that thought inside in your pain in the ass. My apologies, I'm back. Okay, all right.

so um, you never know with these catalysts. Sometimes you'll read a catalyst, still think it's great and surprised that the stock goes down. So I try not to over interpret fundamental headlines and focus primarily on technical analysis. So if the stock is moving higher, I'm interested.

If the News Catalyst doesn't seem that strong, but it's moving higher anyways, you know, I I think, uh, you know. Okay, hey, if that's the way it is, that's that's the way it is. So I just try to, kind of. You know, take News Catalyst with a grain of salt.

But what I would encourage for you guys, if you haven't already checked it out, is my ebook. All right? So I put together an ebook. It's based on my book, uh, titled How To Day Trade which I have a copy of right here. Um, and it's updated.

So this book I wrote about six years ago and while a lot of the patterns that I talked about in this book are still 100 percent valid Uh, entries support resistance at half dollars and whole dollars moving average support. I mean, these are all setups that I still trade. I wanted to kind of spruce it up a little bit, so I put it together as an ebook and I'm going to give it to you guys as a Pdf that you can download, So click right down there below. Check out the 2021 ebook on Day Trading So the six year update to had a day trade with some new tidbits which I think you guys really enjoy because that's going to break down for you.

Really The core components of my strategy, which is focusing on technical analysis: finding strong stocks to trade. understanding of the catalyst is an important component, but it's not the end, All be all understanding the power of the percentage of gap or the leading gap, or the float, the current condition of the market, and then the intraday and daily patterns. Chart patterns. Actually looking at the charts and dialing in, these are my favorite patterns, so I hope you guys really enjoy the ebook, Click the link below to download it and leave me some comments on what you think about it.

And as you go through this case study and recap on neuro, I hope that you're able to absorb a lot of what I'm talking about here, because this will not be the last time we see a stock make a big move like that. You know from four dollars to forty dollars in three days. You think that? Wow, that's crazy. How often does that happen? It happens every now and then.

Obviously, Gamestop went from you know, thirty forty dollars to five hundred. so we see them on different scales. But when we see something making a really big move like that, that's when I get excited. That's what I'm interested in.

That's where I find profit. I profit from volatility, right as a day trader as a Momentum trader. but you should also know that trading is risky and my results are not typical. I've been doing this for a long time and on some of the trades that I took on Neuro I was taking a lot of risk.

I had a willingness to take the risk. I could afford the loss. and when you're trading, if you can't afford loss, you're in the wrong. You're in the wrong sport because losses are part of the deal.

Most beginner traders lose money, so you got to get comfortable losing. certainly before you'll find any success at all. So take it slow trade in the simulator, download the ebook, learn a little bit more about my strategy. I hope you guys enjoy this case.

Study on Hero. All right, Jump. Enjoy. All right everyone.

So um, well here we are. Thursday. Just uh, ordinary Thursday in a small account. Uh.

day eight made 72 dollars. didn't do super great. Uh, Neuro was the big mover today and I didn't feel comfortable taking the risk on it. And sometimes that's the case that the big Momentum stock is one that's just too expensive.

The spreads are too hot, too big, and the risk is too high. You just feel like man, I I want to, but I just I can't bring myself to pull the trigger and that's what ended up happening in the small account today. But I more than made up for it in the big account. Locking up a hundred and four thousand dollars on Neuro in my main account and another 11 000 in my retirement account, a hundred and fifteen thousand dollars in profit on Neuro Red on Igc, which is super annoying.

I'll break down that trade, but um, over a hundred thousand dollars on the day and 114 on euro? That is really, really solid. So let's break it down. Uh, I sat down this morning and I'm just gonna. you know what I'm gonna do.

Um, so these are all the lines I have drawn right now. I'm gonna move this up here and I'm just going to open a different set of charts and clear all the lines off it. That way I can kind of start fresh and just show you as I sat down this morning. kind of what I was looking at.

So first of all, um, you know I'm the guy two days ago who top ticked Nero and lost thirty four thousand dollars. Um, so this is he's walking towards you say top Tick. I top tick. Bought the top tick and got this ridiculous uh drop, uh, it was 35 000 loss.

All right. So that was. That was me two days ago. Yesterday I came back and I was like nope, that's not going to happen again and I traded neuro.

Uh, well. quite well. I finished up thousand dollar about fifty thousand, forty three thousand on Euro yesterday. So I traded it.

Well, um, but I left quite a bit on the table because it went a lot higher than I thought it would. So this was day one. Day one back here of this sort of parabolic squeeze. And in a way, this could actually be a case study for.

um, that. This could be a case study for uh, for neuro? This, uh, this episode today. So this was day one, and this was the trade where you know this thing's going higher and higher and higher and higher. and you know I had made some money on it.

I was green. 3 600 bucks. Not huge green, but I was up at that point. about twenty three thousand dollars on the day and you know you had these nice clean pullbacks.

I mean, they kept going without me. I kept missing them. Uh, and then I took this trade. here.

it pops up to 12 and then halt's going down at 9.93 opens lower. I sold it at 987. I then look at my phone after hours and see that it ripped up to 14.. this is.

this is Fomo trading. You finally press the buy button and the moment you press the buy button, it's like how did this just happen to me and you see it going up, you see it going up, And finally just giving say all right, I'm in, I'm all in and that's what happened And I was livid. And then of course, right after I stopped out, it went right back up. So that was a bit of a slap in the face.

On day one, I actually finished day one down thirty five thousand dollars On nero. Day one of the squeeze stock's up two hundred percent and I'm down thirty five thousand on it. It's embarrassing. Day two, No, I'm back.

Uh, fool me once. Shame on you. Fool me. Twice, shame on me.

And it didn't fool me twice. Second time I was back in and I was trading this breakout right here. This was a break of this descending so let me draw the trend line. I like to do these arrows just to kind of show you levels that I'm looking at.

but I don't. I don't use them for really for like charting, um, that much in terms of actually understanding critical levels. So I use this uh, trend line and had it drawn right here like this and usually I would draw an ascending one as well. I might try to connect like this point with this one.

It's like I don't know if that's really valid with this one. Well, that's valid. Um, you know. And it it was right.

Uh, to the resistance point there. So that was a good one. Um, and to be able to for what's worth, have these drawn. You know you could.

Because I connected this at these two points right here. I could have had it drawn the day before. It ran into this resistance way up here, right? So it's very helpful to be able to have these drawn in advance. All right.

So then through here, we kind of had a little bit of support. All right. So we got the breakout right here. It then pulls back, dip off of this, um, previous resistance becomes support, and then it rips higher up to 1350 1450 15, 50 16, 50 17 hits a little resistance there at the open dip and rip, Long squeezes up to 1886 and uh, I don't remember how many shares I was even holding into the halt.

I feel like maybe a hundred or something. I was basically all out. It then opens higher, halts down, then opens higher and rips up. I did another dip and rip and sold going into the halt.

Then it squeezes here up to um, up to 28 to 30. Halt's going up again, halts us a third time in a row going up, and then it halts coming down and sells off. So this was yeah. this was, um, yesterday and I finished yesterday up.

Uh, 50 000 on forty Three thousand on at fifty thousand on the day. A good day. Uh, but yesterday had a little problem, which is that the daily candle ended up having this huge topping tail because it squeezed up, but then it closed so much lower. that's a reversal indicator.

However, this morning you know I sat down and I looked at Nero and of course I already had some of the lines drawn from the previous days and I thought to myself, all right, Well yesterday the level that it was unable to break that was critical was this intraday level here of about 29.79 So let's just call it 30 bucks and hit it pre-market again. So now you have one, two, three attempts at that level. Okay, and then I thought, well, let's let's try to. let's try to pin this down a little bit more.

So I drew a trend line from here to here and I drew a trend line from back here to right here. and as I watched it consolidating in this area, I sat down at about 8 am. so I sat down kind of right here and from that point forward was watching the chart. I punched in in my small account to see how many shares I could buy and I could only buy a hundred and eighty eight.

I thought, ah, 188 shares? That's I don't know. I don't think it's even worth it. You know it just doesn't. I don't think that's even worth it.

It's just too small. Um, so let's see. Um, just looking at my trades. So I had a couple different trades on this.

Uh, this was the in the retirement account. Um, but it looks like my first trade was at, um, about a little after 8 30 when I bought this dip. So I saw someone in chat say double bottom 26 Oops, Double bottom And I looked at this chart right here and I saw that yeah, good call, it's a double bottom at 26 right there. And maybe? well, let's let's let's focus in on this chart here and I'm going to change this to a one minute time frame.

All right. So um, so someone said double bottom at 26 and I thought, okay, double bottom at 26. And that was right about here. So a minute or so later it dips down a second, times 26 and note how it bounces almost to the penny off that yellow ascending support line.

And note also how we have now several times seen this dip, lower, candle, wick, and a pop back up. I will say that dip trades are one of the riskiest types of trades you can take because you're literally buying while a stock is dropping. It takes a very high level of intuition to know when it's the right move to buy while stock is dropping and when it's the wrong move. Now, what gave me the intuition here, or what gave me the instinct that this was going to work was the ascending support the previous history of bouncing and popping back up.

Double bottom right around 26 as it dropped right here. That was when I took my first entry. So I started on this with an entry. Let's see, and it was.

It was right here at 26 13.. So I bought this at 26 13, 26, 18, 26, 20.. So I bought it, but it was already kind of coming back up. The low of that candle, uh, was like below 26.

And then I started adding. These are all hotkeys. Shift 2 for 2 000 shares, shift one from 1000. added 32 added at 37.

Added at 47.. So I've got 2. Four, Six, Seven, Eight Nine, Ten Eleven, Twelve Thousand shares, Twelve Thousand shares, Ten Thousand shares. This stock is two hundred and sixty thousand dollars in the position I scaled up to 12 000 shares.

It pops up here to a high you can see right there. The high was 2742. so it actually broke through this descending resistance line which I wasn't expecting. I I thought it was just going to hit that resistance line and and maybe pull back.

It actually broke it and then pulled back. And I looked at this as a test so often times. and just like the V web, the volume weight, average price. When we break above it and then pull back, we look for the break, the pullback for it to hold that critical level and then trade from there.

So while this initial entry is a dip off of ascending support, Trendline and a double bottom was solid. A second entry which is just as good in fact, probably with less risk is the first pullback after breaking a critical resistance line. And this is where I started to add. and so then from here I was adding into that squeeze.

Now I already had 12 000 shares from a great entry I added into the squeeze. The biggest position that I took on this today I think was around 24 25 000 shares. That's a huge position. I mean, we're talking 10 000 shares is 250 dollars.

So twenty thousand is Five hundred thousand dollars. Six Seven hundred thousand dollar position. Now this is getting back to the way I trade Gamestop in, uh, January February, putting at times over a million dollars into the position. There's a lot of risk that comes with that.

We know trading is risky and using that type of position is extremely risky because I knew that Nero does have an S3 shelf registration from 2019. that made me worried about the possibility that they could do a secondary offering. However, they did have a catalyst of an earnings call and I kind of thought that while that risk is here, I don't think it's going to happen right now. Yeah, man, I was right, it didn't But the risk was there and the risk was certainly there with Gamestop and Amc as well.

So anyways, um, this was the trade where I really, uh, did extremely well. And then I had such a big cushion that I just start adding on the pullbacks right? So then through here I was like all right, I'm buying the dip. I'm looking for the breakthrough 33. Oops, Um, 32 33 And then I was just trading these areas here and I was buying the dips.

the lower candle wicks. I felt like I could afford to hold some of them. I was down a little bit on. I had one, I was down like 10 000 on.

I held, uh, it squeezed back up. I already had a cushion so I felt okay about it. And then at the open I gave back fifteen thousand dollars. I thought at the open we were gonna get squeezed into a hull.

so I lost 15 000 at the open on this first one minute candle and then I added back down here. at 35 it pops up to 38 Three points and I sold for about 13 000 14 thousand dollars. So I basically made back what I lost. Uh, right there.

and and since then I've been. I've been waiting and hoping we would get a break through the V app, but it hasn't happened. and at this point you know we have a red open. We have this big red candle at the open.

We didn't get the halt up that I was hoping for. We did get a halt down. We have this double top on the daily chart right at about 38.67 Today's high was 38.75 so that's now a daily level. I'll draw it in blue.

So if we consolidate here for a couple days, maybe we could get a pullback and then a trade through 40 if they don't do a secondary offering over the next like couple days. And perhaps they put out another positive catalyst that would that would probably help a lot. Uh, in terms of keeping the stock higher and potentially getting a breakthrough, 38.75 Is that going to happen? I have no idea, Probably not. but you never know.

So 38.75 is the level that we'll be watching. Um, needs to get back. Overview App Today's pulling back, but we did get that second kind of move pre-market and we got some really nice momentum in those candles. Has 28 million shares of volume right now.

Uh, volume is solid on it. Liquidity. I really didn't have any problems getting in and out with pretty big size. I was impressed.

Liquidity was not bad on this. Um, and then the other one I trade was Igc. So I had one trade in in my small account pre-market that was like in this area and then I got in right? Um, no, sorry. I got in right here on this one-minute pullback for the break through 44 and then 50..

I took 30 000 shares, You know I was. I thought this looks good. I'm going to size up for that. nice breakout.

Um, and I was in at 40 and then I added as it came down. so I had them like 40 000 shares and I ended up losing 14 000 bucks on it. Stopped out at four bucks and then two minutes late. five minutes later, rips up to 465 and then immediately reverses back down to 357.

So you know, sometimes on a day when you have a big win, you can get a little sloppy and I think I got a little sloppy today. but I shouldn't have held that Igc trade as long as I did. But you know, I was so green I kind of was like I have the cushion I can afford it and that was that. really wasn't the right move.

So anyways, um, so that's where I finished today. 115 000 on Euro and minus fifty fourteen thousand on Igc. A, uh, really. uh, solid day of momentum trading.

A much bigger breakout than I think I. Well, I mean, I, I don't think I could have hoped for a whole lot more except for that squeeze and halt at the open. That would have been the only thing that would have added, um, some real icing to the cake. And and then then maybe we'd be sitting here looking at 120 50 000? I mean, I was.

I was ready to size up for that trade in the halt and then maybe a gap like we had yesterday so that that would have been that would have been better. But you know it's not going to happen every day like that. And so it happened yesterday. I didn't really trade it perfectly, but I traded it, uh, quite well today.

So that's that's my recap. Uh, that's that's kind of my analysis on, uh, the parabolic momentum on neuro in general. and uh, my recap for today. So total profit on Nero right now in these last three days.

So I was minus 35 000. Then I was plus 43 000. So I was really up. Only Eight thousand.

Then a hundred and fifteen. So a hundred and twenty Three thousand dollars on Nero in three days? that? that's pretty awesome. That's pretty solid, that's some. that's some serious profit.

As always, my results are not typical. I took a lot of risk. some of these trades could have gone the wrong way, but regardless of that, I've been doing this for a long time, so you know it really takes a tremendous commitment, A lot of time, a lot of effort, a certain level of skill, physical skill, mental skill, aptitude, and it's not for everyone. Not everyone's going to be able to handle the risk in trading and everything you need to be able to juggle at once to make good decisions.

And we know that is reflected in what we've always heard. which is that the majority of traders lose money. So I really encourage you guys, especially with these parabolic stocks which are stocks going like almost straight up. You got to practice them in a simulator because these are the ones that can crush you.

These are not stocks that you want to be holding for the next six months and average down on. it's just not. You've got to be able to be ruthless about cutting your losers. And I did have a couple big ones today.

I actually had two, I guess 15 000 losses today. so I had a couple big losses today. but you know, at the end of the day relative to the winners, That's okay. So uh yeah.

Anyway, so that's it for me. Uh, thank you guys. I hope you enjoyed this and I will see you back in the chat room. I hope you really enjoyed that video and make sure you hit the thumbs up and subscribe to the channel if you haven't already.

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