What's up everyone? Alright, so here we are: Wednesday morning, middle of the week and locking up a green day. A pretty decent sized green day. I'm happy with the way I trade today leading Gap. we're leaning bleeding gainer Drct 2.8 million share flow, recent ipo Blue Sky setup over 435.

We got the breakout and then move up to 550 right around 550 as we'll learn actually during the recap. So and brought to my attention block order 200 000 shares and that marked the top as we got that flush as that block border went through. so big, flush drops down and you know as of right now 10 30 we're back at 450. Uh, still up 72 percent, but it's a little disappointing.

We didn't get the fireworks. I thought with Blue Sky that we'd get that squeeze through the high through all-time highs and then up to 657.50 Maybe we'd get some really nice action, especially because it was the leading gap or the leading Gator and there wasn't anything else that looked like a sideshow. You know, yesterday we had Amc and Gamestop that were kind of, you know, drawing attention and other days we've had like five or six stocks on the Gap scanner. But today, we really only had one good one.

uh, 50 million shares of volume already right now will probably be over 75 by the end of the day, maybe even maybe even 100. I don't know, but uh, you know, despite it being super obvious, super high relative volume, super high total volume, it just wasn't able to break through those levels. So yeah I did the best I could on it. I'll break it down during the recap: 25 000 of profit I was up probably close to 27.

Gave back a little off the top on that false breakout that I'll show you, but I really can't complain. did quite well. could have gotten in a little sooner, but from where I got in to where I've stopped trading it, I really maximized on that window. I just couldn't start a little sooner on it.

I was a little slow to jump on the bandwagon, but that's okay. Tomorrow's a new day, I'll try to trade a little better tomorrow. And as always, make sure you guys are subscribed to the channel and hit the thumbs up! For the month of April, we've got a lot of exciting things happening. I want to make sure you guys are on our newsletter because we'll be emailing you at the schedule of events for the month of April.

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Alright, so um and as always reminder trading is risky and my results are not typical. so please take it slow and trade the simulator before you put real money on the line. All right, I'll see you guys first thing tomorrow morning for the morning show. Okay everyone, so I'm going to break down the trades from this morning: Only traded one stock Dr.

Ct. It was our leading gapper in the entire market up 82 percent. Relative volume is 20. So 20 times higher volume than average.

Uh, that's what it's projected for by the end of the day. Today we had a high volume day back here, but its average volume of course is very light. Uh, this day was about 100 million shares. Today we're already at 49 million shares, so we've got 2.8 million share flow.

It's a somewhat recent ipo with blue sky above 435, which is what I liked about it. It was, uh, I saw that it was a blue sky setup when I first sat down. It was sort of around this area here a little after 8 a.m and I looked at it and I, I kind of watched the way it was trading on the level two and I thought this is interesting it. It's very stacked up on the ask, lots of big sellers, lots of big orders.

Uh, and it's kind of heavy on the bid too. Sort of a thickly traded stock, which is unusual considering the float is 2.8 million shares and it's a recent ipo. But of course it did have 100 million shares on this day, So it did make me a little skeptical and I did not take any trades on it in this area and I finally sort of broke the ice on it with uh, an aggressive entry as it broke through this area here and you know I sort of watched it starting to curl right as it broke over 25 and I thought I almost got in right there. I almost punched it and I should have but I was just like i don't know I is it is it even going to go to 35 because the way it had been trading all morning was kind of.

Except for this one big move, it was sort of choppy, but it did. It broke 25 and then it broke 35 which was this pivot and then I was like okay, I've got to start, I've got to add on this so then I added right at like 45 46 it hit 50 and for a second I was like you know you might have just screwed this up by getting in right into a double top and your entry should have been 25 with an add 35 and then profit at 45 and then let's see if it can break and then add for the break of 50. but I missed the first part of the trade so I just got the second part which was the ad for the break of 50. We had that micro pullback and then we broke over 50 and we went up to 60.

And at that point I was like, okay, sizing up 65 75. We got to move right here, straight up to 82, a one minute pullback and a squeeze up to 94 and then a big red candle and that was the highest volume candle of the day And that was a little bit of a red flag I suppose looking at it now at the time I sort of thought, well, it's still well above the 450 level so you know I'm okay with it. And so in this first move, I traded this both in my main account and my retirement account. So in my retirement account I added aggressively right under here and I say you know what I'm going to hold that I'm going to set up my profit targets on it.

I'd like to see a breakthrough five, but if we get up to four eighty four ninety, I could take some profit off the table and then add back to the break of five. So then I switched to my uh, main account which I ended up not doing very well and in my main account I start adding up here 65.75 we hit a high of 82. I think on this trade I was like up 800 and then back to down 150. and then I got back in for the break of 90.

But then we got that candle so I lost on that and then um through this area. Here it curled back up to 88. It couldn't break over 90. And this to me was a problem because what happened was the first five minute candle made a new high right at that moment right here on this red candle and it didn't break and then it rejected.

It came back down. I was like you know what? I think I gotta go flat on this because now we've got a false breakout on a five minute chart. So I went back to flat both accounts. It pulls back and I added back on this dip off of 62.

The low is 62. it pops back up to 75. so like a 10 cent dip. it dips down again here to 58.

I bought the dip again, it comes back up this time back up to 8 to 92. Nice trade there. Then it dips down and at the open we got the break of five. It squeezes up to 510, it drops down to 484.

then it goes up to 5 45. then it pulls back and right through here. I started adding at five about 5 15 520 525 and then look at that candle. Oh that was that was brutal.

That was a brutal candle. I was adding 35.45 I added it a high of uh what was it Um oh this is the wrong account. I added at a high of let's see 540 for the break of 550 and then in that candle. If we back this up even just to like a 10 second chart you're gonna see like look at how dramatic this is.

It starts opening up here and then look at that rug, pull what the heck? Candles like that are not fun. I don't like seeing them not at all. over a million share. That was the highest volume 10 second candle of the day, a ton of volume and it was just terrible.

You know it was a false breakout, but you know it. It definitely makes me think about the you know, the algos and things like that. um you know, having talked with some brokers about this, you know when you send an order, Like if you if you send an order for a big block order of like ten thousand shares, um you send a block order for ten thousand shares. The brokers I've talked to they say well as soon as the market maker sees that order come in, they'll sweep the book, They'll move.

They'll move orders out their own orders because of course market makers are making them up the market. So all of a sudden you see these candles that go drop down and come right back up. and sure enough you got filled at the bottom of that candle with your 10 000 share order and that's kind of what this looks like to me. It's all of a sudden the bids are pulled and you get this this just ridiculous flush and then they fill back in and you know it did fill back in relatively well and I I added it.

Uh, I bought the dip at like 493 or something like that, but you know it went a little bit lower 487 before came back up and I just don't like that price action and it makes it hard to trust when you start seeing that happening and I guess you could say we saw it a little bit. Um, on that candle? There you know. A little bit, not as bad, but it was much worse right there and so that that kind of ruined it for me for the day. I was like, you know what, I don't want to, I don't want to mess with the stock anymore.

Now I don't trust it. I, you know I can't I was lucky that I didn't get smoked on that trade. You know I really was. I could have lost ten thousand dollars on that trade and so at that point I said, you know what, That's it.

I'm not going to trade it again, but I still think that it was the right stock to be focused on. This morning it was the leading gapper high volume and we got some good trades on it. And what is important is reducing risk as you go further into the day. This was my second biggest trade of the day, second biggest position was on that one right there.

I had cushion and I thought blue sky setup. This thing's going to break through 545 550. we're going to see a squeeze up to six bucks and it looked good. It did.

There was nothing about it that said that this was about to happen. I mean you had the topping tail there, but but you've We've seen so many times that this works just exactly the way I expected it to. It just didn't on this one and you know that could have been. As it came up to 545, some someone dumped a 100 000 share position and that was enough for the market makers to clear.

sort of clear the book out and then all of a sudden you get the bids are gone and people start panicking and then you get that mini panic flush and it's uh, it's not fun to see and we've seen it on other stocks. We saw it on Ll uh last week. a couple times you know it's it's becoming more common, which I don't like. Like look at the look at some of these candles.

you know, like those ones right there. same thing this one right here. Yeah, I mean like that's it's not. It's not a nice trend.

Uh, so I'm a little bit. um, I'm a little bit concerned, uh, to see that type of price action. but it's a reminder not to overstay your welcome and to trade aggressively early in the move and then just get out. So you know I don't know.

I I trade the best when stocks are front side of the move, hot, moving quickly, and when they start to get when they start to chop out a little bit and this one had already started, a little bit of chop, you know, as on that red candle and then again at 5 45. you know that that may just be the indicator at this point just to walk away, step back and not overstay my welcome. So yesterday you did get a really nice move on Igms. Yep, that was really nice.

Very clean. You know, I don't know if there was too much of that really big whip action. I guess there was a little bit right in there on that candle, right? That was a bit of a tough one, but I mean, you know you're gonna have some red candles. Um, I mean right.

That's not totally uncommon, but there just seems to be something a little bit more going on there so it makes you know. Makes me a little bit cautious to size up. Uh, in the past I would have felt more comfortable taking really large size knowing that I could always, you know, hit the bid and get out. Maybe a little slippage, but with some of these some of those orders, some of those drops make you concerned about, you know, potentially losing 50 cents a share.

So now the thought of taking some of those really big positions does make me nervous and I've gotten caught in a couple of those, uh, already this year. Uh, what was the uh, I can't remember Now it doesn't really matter, but in any case, you know just something to be aware of and be cautious with. So trying to, um, book some profit and lock it up. So got green today and that's that's going to be it.

Only trade one stock finishing pretty close to my high of day. Uh, probably when I sold half of my order. uh I. when I started to see it dropping off of Uh 550, I probably was booked up to like 27 000 and then gave back that when I sold the rest for a loss.

but it's fine, It's all in all, I did the best I could today. couldn't have traded it a whole lot better really. Uh, which? which is always nice to to know. I mean I sure I could have just I could have gotten in a little earlier 425.

That's the one thing I could have done better on. Um, but you know I didn't. How big was that block trade on Drct around 937. So someone was saying there was a there was a block trade at around 9 37 which was probably a large sell order and that prompted the the the flush.

You know I mean it's it's possible that one 250 000 share sell order sent as a market order could trigger those market makers to clear the book and that could happen. Um, I'm not sure that that. I don't think that that explains uh, all of the moves that we've been seeing that are like this like Lll and some of the others because I mean I just, I don't think you have people. but who knows.

Maybe maybe maybe that is it. Maybe that is just the way. Uh, it was 201 000 shares as a block order, 200 000 shares. So you know I mean yeah, it could be an insider from the ipo.

We always know that that's a that's a risk factor and a 200 000 share block order. You know, depending on what type of market maker is routing it, you know the thing is and this is the problem. The people that are insiders are selling shares. They're probably not day traders in most cases, so they wouldn't know how much they might be hurting themselves by executing a 200 000 share order as a market order had they executed that as four fifty thousand share orders you know, pegged at like five five twenty five five fifty five seventy five Six dollars.

You know there's a good chance that the people would have bought up those orders. they were on the ask and it wouldn't have caused that flush because it wouldn't have been executed as a market order. But you know they, they don't know. What do they care if they've been in this from, you know, whatever they their shares were, they might not care at all.

You know. So what? Just sell my 200 000 shares and that's 600 thousand dollars of profit for me. You know, So I they might not care. But if they knew, I mean this could have broken out through 550 and gone up to 575 and 6..

you know that that one order combined potentially with how the algorithm responds to those orders, um, ended up marking the high day 5 49.. So yeah, what can you do? I traded it the best I could and we'll try again tomorrow. We'll see if I can do a little bit better. We're coming towards, you know, the very end of March here.

So tomorrow's the last day of the month we're you know it's it's, coming to the end of the month, but we'll try to just finish the month and lock up a couple more trades tomorrow and then, um, you know, try try again in April. All right. So that's it for me. Uh, it's about 10 30 here.

Shutting it down. Only traded about two and a half hours today, but I'm happy with my performance. It's a good day. I actually it might be one of the better green days in March and not because we got necessarily a really good move or a huge move, but we got a big enough move.

and this is one of the things I say. The importance of trading the leading, The importance of trading the leading Gap, or the leading gainer with high relative volume. Sure, you might have some moves like what we saw there, but generally this is a stock that had a range of about a hundred percent went up about 100 percent. So even if you can only capture a small piece of that range, a small piece of 100 can still be five or ten percent.

And if you have the account size to take ten thousand shares, twenty thousand shares. You know twenty thousand shares. Ten cents is two thousand bucks. You know it adds up really quickly, so you know it's not that you get in and you hold that position for the whole move.

but you get in, you take some profit, you add back on a dip, and you know you can actively trade these. So as always, my results are not typical and trading is risky. But uh. I.

I do think that this was the right type of stock for me to be trading today. leading Gap or leading gainer in the entire market. I'm just disappointed that it didn't really give us the fireworks that I was hoping for. I'm waiting for the next Ll, the next stock to go from two dollars to seven bucks in one day.

That's exciting stuff. and did it hold seven? No, it's retraced half of the move already. but that's the type of action we look for. You know, in Game Stop.

I mean, you know, game stop. it's not going up 200 300 in one day. It's moving Amc yesterday. got some trades on it but you know that was the top and good high volume but you know those aren't volatile enough.

So drct Yeah, we got some action on it, did the very best I could. Um, I mean again. like I said, I could have done a little better if I'd gotten in a little earlier. but you know, knowing what I know now of course I would have done that, but at the moment I was a little hesitant and so I added as it started to open up and that's that's usually a safe way to do it, so that's it for me.

I'll be back at it tomorrow. Reminder for those on uh, Youtube If you haven't already checked out our newsletter, make sure you're on the newsletter. We've got some exciting things going on for the month of April. it's our anniversary month and it is right around the corner.

All right. So that's uh it for me and I'll see you first thing tomorrow morning for the morning show. All right, see you in the morning! Hope you really enjoyed that video and make sure you hit the thumbs up and subscribe to the channel if you haven't already. Our goal is to hit 1 million subscribers this year, but we won't get there without your help.

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