All right, welcome back everyone! Today we're going to be talking about that number one morning pattern. uh you know often I call it the dip and rip. And then we talk about the text book, dip and rep. And today we had really literally literally an absolute box.

Checker Checked every single box on what we look for for a morning day trade. Blew way past the goals, had plenty of time to take profits, walked you all the way through the trade and that's what we do every single day. both on the daily income trigger system which is that morning webinar where I go live 8 30 Eastern as well as on the stadium trade team where I go live at 9 00 PM Eastern Walked all the way through that trade going all the way back to 8 30 in the morning. So let's talk about it.

Today is Mgrx and Mgrx is amazing. Uh, go to their website. Um, it's incredible that um, you know they. they basically came out with some mango erectile dysfunction.

Anyway, actually I'm gonna what I'm gonna do is I'm gonna drop a clip from this morning over to the videographer and have them splice that in magnosuticals. What is this Men's Wellness What is Magnusuticals now featured on wee? What? What? Okay, um Men's Health featured on Weeble Okay, What? I'm confused I mean I know what Weeble is? Why are they I'm so confused. What is this is Ed Or what is it? What? What is this Cool? Confident? What is this? Oh my What? Hey man. Six million floats, a freaking dip and rip.

Um hey man. love it. Listen, whatever this trash is probably kill you. but um, mgrx, what is this trash? um low float DNR baby.

I don't even know what the stuff is. Is it like to be supposed to be some nootropic or something? Whatever. Hey man or maybe it's Ed I don't even know what it is. uh dipping rip Man shorts are gonna love this thing.

So and uh anyway, just right Here basically is the summary: 8 35 A.m Eastern as soon as I saw this stock I'm like oh here we go, shorts are gonna pile into this thing. they're gonna Pile in and they're gonna love it. Okay then what we do is we look for that dip and rip. that break of the high of the day and you can see right here is at 8 30 Eastern When we were breaking it down, the high of the day was that 170 level at at the time of the the webinar where I saw it, it was at a buck 40.

So that high of the day that dip and rip style would be right here in the 170s about an hour later into the 945 window. So even the time of day was compatible. It made that move. So let's talk about the boxes.

the Box Checkers Okay, so you'll often hear me use that term and that's referencing one of the worksheets and this is the day trade long worksheet that we use in the daily Income Trader system as well is you've got multiple worksheets for Longs shorts, swing trades, and longer term holds. But for the sake of the day, we're talking about a morning dipping rep. So everything and when I say box is checked, these are the boxes I'm referencing. So right off the bat, is it a low float stock? Yes, it is.

Mgrx. The float was whoops. Let me double check on six million shares. So we always like those.

You know that kind of cut off criteria for us is less than 10 million shares. so it's a 6 million share. Is it up more than ten percent? Oh yeah, I mean it was up from a dollar to a buck 60. I mean basically almost up.

You know, 50 60 70 in pre-market So now we know we have demand. So remember, we care about low float stocks because we want small. Supply Okay, under something that so many people don't take into consideration is the relation of supply and demand. Okay, the market.

The stock market is a market and it always kind of shocks me that people uh, don't recognize this and like what make stats go up hundreds of percent or thousand percent or whatever. Okay, it is supply and demand and balances if everybody wants the stock and there's not many shares out there. just like Taylor Swift Tickets Okay if Taylor Swift is coming to town for one night, that means there's 20 000 tickets are those tickets. And when she's the hottest act out there, those tickets can sell for face value.

man. I Don't know. So anyway, highly unlikely. So low float stock that shows that we have limited demand or limited Supply up more than 10 percent tells us that there's demand.

Okay, if the stock is bidding up okay, people are lifting the bid. obviously there's demand then. Also, we look at unusual volume. Okay, so the stock was trading I think five million shares basically traded the float in pre-market the average volume.

That's that key analytic we use. You see, the average volume is a hundred thousand shares a day. Okay, 100 000 a day, an entire trading day and in pre-market When we saw it on pre-market prep, it had already traded I Think four or five million Roughly Kind of sounds like another indicator of supply and demand imbalances, right? So the next thing we look for is is it a former Runner Now this one wouldn't necessarily qualify as a former Runner but it was a recent IPO So when we talk about former Runner we look for explosive moves on the daily chart. This thing just started trading um, a month ago.

So to me that makes it a former Runner because the fact it's a recent IPO Okay, it's in people's memory. That's why we like run former. Runners because um, it's in people's memory and IPOs Listen, if you've seen the last last few days okay, we had uh uh IPL U car yesterday go from 10 to 75. Okay, we had another IPO up a hundred percent plus today.

so IPOs are on people's minds so there we go. that qualifies in my opinion as a former Runner because of the IPL is there a catalyst? They dropped a BS press release this morning right at 8 A.M Well time. Then we start breaking through the areas on the chart. Whole dollar half dollar supports the set areas to set risk and then we go through the entire setup.

So I'm gonna jump ahead a little bit and basically I did this and sent it to members of The Daily Income Trader system and you can see that email right here. So whoops, let me scroll up. So I sent this email out at 9 17. Okay, remember it didn't make the move until 9 45 which is our time of day we look for and you can see all the levels laid out.

Signal: Price of a buck 70. Target Price was the high twos. Yes it, you know, look at that. I mean went to 318 and then you would have had about.

you know, uh. 45 minutes to take profit above the goal. Okay, because the goal was the high twos, it went to 319.. So now that you have all those levels mapped out, you don't have to worry about any indecisiveness.

Okay, I Also gave you a stop loss at a buck 50. Okay, so that being said, then I break it all down. What a piece of trash scam. Go to their website if you want to laugh.

That being said, so it so. basically we like these stocks because they attract short sellers. Okay, um, we want that. Uh, we wanted a dollar fifty entry live.

but we didn't get it Buck 70 move. So all the things stepped right through now I say enforce the 945 rule, etc. etc. Etc So that being said, my friends.

So I mentally checked the boxes live on that webinar, but you could have done the same if you had the worksheets. If you had the methodology in the daily incubatory system, you could have absolutely nailed this stock, would have had low stress, would have known where to enter, where to exit, how to play it all the way through live on that web. So that being said, if you want to get on the next webinar, we do this every single day we break them. dial down.

Listen, do they all work? No. But what's great about what we do using Oracle and using the daily incubatory system is: guess what if this hadn't worked if it hadn't gone to three, Plus, you would have known where to stop out because Oracle gives us a stop loss. All right everyone, hope to see you on that webinar. Click the link below and we'll see you next time.