Well, you guys enjoyed the recap so much on: Friday you're getting another one here today Monday morning I Finished the day just around $3,500 in profit which in total dollar amounts is pretty decent. but I Wasn't super happy with my trading today as we'll dive into during the recap. the stocks on watch today were mostly lower PRC stocks but there were a couple of wild cards I ended up getting really focused on one stock and that became an opportunity cost where when another stock popped up, I was already in a position so now I had to divide my attention between two stocks at once. Neither one got my full attention I didn't trade either of them as well as I could have and well, the result today was that I was green, but it could have just as easily gone the other way.

So I'm going to break it down to today's recap. By the way, if you have not already picked up a copy of my book, I've got a copy I should get a couple more to have around my desk. Had a day trade the plain truth it is a bestseller on Amazon so thank you guys for helping make that happen. I Think you'll enjoy it so make sure you check it out.

and um I also am uh, excited that I just uploaded a video a full length episode over the weekend on uh, some of my favorite chart patterns. So I'll put a link at the end of this video for you guys to check that out and I think you'll enjoy that as well. So let's jump into the recap and break down the trades from today. All right, let's go ahead and jump into it.

So when I sat down this morning, our leading gapper was JT JT Um, this is actually warrant for uh, the stock jti and I was kind of honestly surprised the warrants were up as much as they were. uh, gapping up 260% I was like whoa, Okay, do we have something going on here? but JT Aai was only gapping up like 27% at the time and as we came closer to the open, it ended up pulling back. Now it did end up rallying, but in spite of it rallying, the warrant did not. Rally So kind of a weird Divergence there typically warrants um and I have I'll put a link in the description or I'll pin it to to the comments of the definition of Warrant so you can look at it in more detail.

but typically they trade pretty closely to um, the underlying stock. They're usually cheaper than the underlying stock, and um, if the underlying stock ends up making a huge move like 3 four 500% then the warrant can go up. Um, sort of a ratio to that, but it's it's pretty much always lower. The thing with warrants is that they don't get circuit breaker halts.

so if you have the underlying asset squeeze up and get halted, then you could keep trading the warrants even while the main stock is halted, And as you're watching the possible resumption price changing, the warrants will keep going up. But anyways, Uh, that didn't happen on Jti. I'm not really sure why it even went up as much as it did, but but actually, this is kind of a theme. uh, for today.

So Jti, why did it go from a dollar all the way up to four bucks? I Really? I I don't have a good answer for that? I'm not sure why it did. Was there some opportunity in there? Yeah, there there was. I Mean it obviously made the move. There was opportunity, long and short.

Um, but it's just kind of odd. So our second leading gapper was Ktta. So Ktta gapped up 174% which was impressive I managed to lose $679 trading it. Uh, let's see.

so my P&l is right here. So the thing with Kti was that this stock popped up at uh, what time was this? Um, 8:01 a.m. it popped up and went from 45 cents all the way to 96 cents a share. Now I didn't jump in in that candle even though I typically would be interested in trading that initial.

Spike I didn't do it on this stock because it was too cheap. Um, and it never broke over a dollar. So I really shouldn't have traded it at all. But uh, I did take a trade on it right here.

Um, so as it broke over 87. Um, let's see right here. 88 cents. This is where I got in right on this candle I held through this pullback and then it came up I added uh, let's see so I started with 10,000 shares and then I added another 10,000 as it went up to 93.

I was like okay, if this thing breaks over a dollar a share pre-market we could get a squeeze up to A1101 15120 once the bell rings. I knew that this would have backtack circuit breaker halts I'll put a link in the description also for circuit breaker halt so you understand when you're going to have back-to-back halts every 15 cents and it's going to be every 20% or 10% In this case, it was going to be every 15 cents. So I was like I don't want to trade this when the bell rings but I think it has a chance premarket of giving us that squeeze. So I ended up being wrong on it and on the 20,000 shares I lost $679 which um you know is not obviously the end of the world but but kind of a bummer while I was in that trade I'm holding that position I'm in it with the full 20,000 shares.

So this was a little after right around nine and we see a stock hit the scanners and these are my scanners that I use uh every single day. these are the only scans I use to find stocks to trade. So I'm going to scroll back here a little ways so a stock hits my scanner and um, that was uh, sln it hit uh I'm I' have to scroll way back here. um well I'll just pull up the chart doesn't really matter.

so it hits my scanner and I think it was at um $4 um maybe $420 So snlh, uh Sln. All right. So Sln hits my scanner and it's squeezing up and now I'm in this moment where okay stock's hitting my scanners and I'm trying to do two things at once: I have a a position for 20,000 shares I'm trying to manage my risk on and now I see a stock hitting my scan that is moving quickly. So the first thing I noticed when I hit the scan was the um price and the float.

So the price was about $420 It hits right here on this candle and I'll actually go in on the 10-second chart here. Um, because it's going to be a little bit easier to see this. So on the 10-second chart, we're going to get zoomed in right in here. Let's see so 10-second chart on this, it pops up, the stock pops up and it goes up right here on this first candle up to about $460 and then it pulls back as you can see right here down to 446 and then it squeezes up over uh, $5 So the my workflow? basically.

uh, when a stock hits my scanners I click on the stock, it updates my charts and now I'm going to see the news headlines right here. So typically when we have a stock that's like squeezing up right now, it's moving quickly I click on it I'm looking here and then as this this is loading I'm actually clicking on here. then I'm going down and I have to type the stock a second time in my level two window. So now I'm pulling up the level two and I'm looking back up here and what happened on uh Sln was it hit about 440 and then kind of did a micro pullback.

So as it's doing that micro pullback I'm looking at the level two and I'm like okay, this must have news I saw right here that there was a headline but I didn't check the date I was just I was like so kind of flustered from being in another trade and then this all of a sudden hitting the scanners that I was like it's squeezing up. there's there's got to be news on it because you know I'm thinking why why would a stock be squeezing up this much if it didn't have news? So I punched my buy order when I saw 440 on the level two and I was like I'm going to buy 2,000 shares and I'm looking at this for the break over 450 and then a possible move up to five $5 a share. Now here's where things get interesting: I pressed the buy button when I saw 440 on the ask looking for that break of the half dollar but I filled my order at $424 and I pressed the buy button twice I didn't realize what I was getting filled at I just thought I was getting in at the half dollar right here at about 450. it then goes up and I add as it breaks over five and I add it again for the break a 550 and we hit a high here on this candle of 565 which was impressive.

So we have 565 on the ask and we had a bid of like 522 so I was I after I added up here and then it pulled back I was like I better take some profit and I hit the bid so I just hit the bid at like 520 and 508 and then it drops back down here to 450 and I'm like okay, well you know I'm going to watch for first one minute candle to make a new high and then I realized wait a second that headline that I saw is old, it's from December 8th and also I sort of I I I was a little cautious about the sector at first I thought this was a pharmaceutical company because I sort of recognized the ticker but I think this was again I was mistaking this for another ticker that was sort of similar that we traded maybe last week or the week before. In total, I would say you know I ended up doing well on it because I got in at 4 425 which was a great entry. and then even though I added up here at 5 and 550, my Phill was. um, it brought my average up to like 450 or 455.

So I still had a pretty good average and was able to lock up about 60 cents a share right in that window. But this kind of highlights the challenge of multitasking. and I really don't like trading, taking multiple trades at one time. In fact, I could argue that my trade on Ktta was, um, a bit of a opportunity cost for being able to fully focus on when a stock did hit the scanners because you never know when a stock is going to hit the scanners.

And so in the case today, I I'm you know, I'm kind of around on this stupid low price stock jumping in with now 20,000 shares, so now I'm focusing on it pretty closely. Yeah, it had some potential, but also realistic. Um, this isn't the my wheelhouse I don't like trading these stocks and then all of a sudden a stock pops up on my scanner. That could be a good candidate.

and now I'm like flustered because I'm managing two positions at once and I'm like wait. Okay, I don't want to be holding 20,000 shares if this thing flushes like you know, 20 cents on me. I'm G to be down four grand on that position, but at the same time we've got something hitting the scaners right now. It's got the right float, it's the right price, and I'm assuming that it has news, but in fact it didn't So you know you could say, well, why did it initially pop up and just like Jti I don't know, You know you have stocks that for whatever reason will pop up and it could be you know, a short sell covering it could be a you know could be someone buying that just likes the stock.

For a bigger move, a swing trade you don't really know, but something happened right here and it led to the stock going from about 394 up to about 440 right in here. and basically as soon as it hit the scanner and I saw it based on how much it had just moved 10% in less than 5 minutes, I was like okay, something's going on and I jumped on that momentum. probably similar to how people might have jumped on JT Z earlier this morning, you know you've got a stock that's popping up and you're like okay, I'm going to jump in and you know this is sort of the challenge with, uh, trading momentum in general is that when the market heats up, you feel like if I don't jump in quickly I'm going to miss the whole move. So like ints on Friday for instance, you know this one ended up going from what was it.

um, $4 $4 a share all the way up to 15 bucks And it happened quick. and if you weren't quick to jump on it, you end up sort of missing that whole move. So the way I trade generally is that when something hits the scanner that really closely meets my criteria I go ahead and jump in and I try to set a tight mental stop loss usually around the next half dollar whole dollar. So if I'm getting in at 440, my stop is four, which you know is a 40 Cent stop.

but it's that's the whole dollar. That's sort of the logical place to say a stop. if I add it five. my new stop is now five.

it's got to break over and hold that level. So I really think of trading around these half dollars and whole dollars and you know I think for me, in all my years, uh, of trading, one of the things that I've noticed is that a lot of these stocks, you know. Let's say we'll see a stock that's squeezing up and it comes up to you know, $3 You've got that whole dollar psychological level. It pulls back a little bit and then you get that bust through three.

Now sometimes it'll pull back and if it could hold over three right here, then we're looking at the next leg up. What's the next level? 350, right? 350. Now, some of these stocks that are really cheap will even get a little resistance around 325 quarters too. but they really do seem to respect these levels well.

So the way I like to do it is when I see something squeezing up like right here. I'll get in at like 290 285 to anticipate the break through that level. if it hits this level and has resistance, I might even still be able to hold during this first pullback because I'm in a little early to anticipate the move. But if not, I can stop out with a relatively tight stop 75 80 I don't have to look, let it go all the way back down to 250.

I could stop out sooner and then I can get back in right here as it comes back up. Sometimes they just, you know, push right through that whole dollar. They don't even pull back so that that's where I get into that kind of adding it. you know, the whole dollar, adding at the half dollar and continuing.

and that's exactly what I did on Ints on Friday that gave me nearly $14,000 of profit. And really, it was a it was a very quick trade when that thing started squeezing. So you know I think that with these stocks, there's a little bit of an element of surprise. It's hitting the scanner and you're like okay, it's something's happening I got to jump on in a hot Market I jump faster in a cold market I'll get burned on those trades just like you know on and it was actually close on.

um, s what was it? um, Sln I mean if I'd been a little slower on this, well I would have been buying a lot higher and then obviously that wouldn't have been as as good. But if I'd been slower and I wasn't getting until five or 550, then you know this could have been a bigger loss. And the fact that I wasn't that I didn't catch that this headline wasn't fresh. You know the fact that I kind of was mistaking this for a biotech that has a similar uh ticker and I was just confused.

All of that speaks to the fact that by being in Kta this even while I was looking at the next trade, this still had my focus because I was holding 20 20,000 shares I had to manage my risk on it. So even for me, with all my years of experience, I still find it really difficult to take multiple trades at the same time. and I think that this is a good reminder of how focusing on a B quality setup because at that moment it was the best. It was the best of what was available, but it wasn't a quality, but this became a distraction and that could have caused me to lose money on the next trade because I wasn't able to be as focused when SL um NH came along.

I was sort of distracted and and half focused because I only got half of my attention and that led to me making some mistakes on So you know that's kind of an interesting takeaway here today and this ended up being a nice kind of Head and Shoulders pattern. Uh, coming back down um I don't you know I don't totally like my trade on Ktta. The setup was I understand the setup for the break of a dollar like that was all fine. but I Know that my metrics don't really support me trading these low price stocks and because it was during the window when there was still a chance of something coming up that really did meet my criteria much better.

I should have just stayed patient and waited and and it would have been better if today actually had been a no trade day in a way because um I would have said no trades on Kta uh Ktta because I don't like the price and then when Sln popped up, I would have been FOC more focused I would have been able to say um well there's no fresh news today so as it for and this is a challenge because when something is first popping up you it could. It's possible that it won't have news, but there is news, and you It just this just hasn't populated yet because it can take a second. So I might have even have still taken this trade. um and and that that would have been fine because I would have said well, it was popping up I hit the scanner and I was jumping on the momentum.

Um I wasn't sure yet about the news, but at least I would have been more confident in that trade. although I sort of think I wouldn't have taken it because I would have also recognized. Um, the probably wasn't a tech stock, but the thing is like when it's a Holdings company you you can't be totally sure. you know without clicking off and then loading and being like wait, you know what is this one and something that we often say is that um, we trade tickers, not companies because as active Traders were so focused on the technicals that you know it doesn't In a way we're not thinking about what this company does, we're not thinking about the long term we're just thinking about like right now, this thing is moving up.

Uh so I was going over earlier today um for Warrior Pro members I was going over some of my live trades um from last week and I had this trade. which one was it? um it was. Oh, it was um Nxi which I'll just show you briefly. So the stock was so wild so Nxi um makes this crazy move right here.

you could see this thing goes. what's going on with this? um this thing went from $4 a share all the way up to $14 right here. I mean that thing was really wild and then this one. this one was also pretty crazy.

um minm. this one was pretty wild too. and the thing with Nxi is that when that move first started, it started um and I sort of missed I missed like this whole first leg of the move because I just sat down late. so I kind of sat down with a little bit of fomo getting in.

um kind of high as you can see up here. but like when this first started to take off. you know if you're not quick to jump on and just set a stop, you can end up just sort of missing that whole first leg and this thing went from like four, six eight 10 I didn't even take my first trade on it until 12:21 now I still end up having a pretty good day. it's like 6,500 bucks.

um minm. this was one where I was a little faster to jump on it and if you sort of look at this price action, you're like okay, like this is a proper pullback, you know? And sometimes waiting for that first pullback does make sense. but there's other times where it's like you know, right? there is a move from 250 to four bucks and if you weren't aggressive on that, it's totally possible if this could have done a round trip and come all the way back down right and so there's still volatility in here and so your option is either to sort of jump on the momentum going up or to do a counter Trend and wait for the reversal coming back down. Um, but naturally doing reversals and trying to guess reversals on some of these stocks, especially with low floats, can be super risky because they can just I mean they can whip on you so fast.

Next thing you know, well I ints on Friday Next thing you know it's going from this went from like five bucks all the way to $15 and it happened fast. you know, So shorts on this You know you start just adding, adding adding and then you're like uh oh, now we're at 15 and then that's the day that you know it goes to 18 to 20, 24 to 40 and it's like my short at $5 The most I could have made is if it went to zero and now it's you know, 300% against me and still going up. So rather than try to guess reversals I trade with the trend and it means you got to jump quick. And so today I jumped quick and today wasn't a great day but um, but I think if anything highlights The Importance of Being able To um, remind yourself to focus on the best quality setups that sometimes not taking any trade is really the best because focusing on low quality can be an opportunity cost for when something does come along that looks better.

So if you guys enjoyed this recap, please I hope you hit the thumbs up I hope you're subscribed to the channel and I'll see you for the next one tomorrow. All right I'll see you guys in the morning.