What's up everyone? All right? So back in the saddle here. Monday morning in the green two times the daily goal. We got some action now. Uh, I did my game plan on Sunday night yes, last last night and gave you my game plan for the week ahead and I ended up trading uh, one of the stocks That was right off my game plan kind of watch list for today.

Meg L It was a Chinese ipo from Friday ipo'd At 50 a share right around 50, went up to a high of 235 dollars a share. and that was the one where I tried to buy a thousand shares but filled only two shares of my order. Well, I got it back today. I got a nice trade on it on the break of 200 and then a second squeeze up to a high of right under 250..

So that ended up being like a 42 a share move from the 207 entry all the way up to 250. which was pretty solid. So, but you know, today I left some money on the table and we're going to talk about that during the recap because I think one of the things to remember with trading is you're always doing one of two things. You're always either leaving some money on the table or giving back profit and so it's kind of up to you what you'd rather do.

My approach is that I'd actually rather leave money on the table. Now I know there's traders out there that are super greedy. and no, no, it's not a bad thing. They're aggressive driven, they want to make as much as they can.

But what I sometimes find is that when you start getting into that chasing mode, you can start getting desperate. just getting a little frazzled, a little frantic. And that's not usually where my best trading comes out. You know there are days where we have really strong fomo momo because we have something like Hkd or whatever it is, you know, going up 500 percent.

and on those days being quick to jump in whatever's moving it does make sense. But those are sort of the exception. And on most days I do the best, focusing on the leading percentage gainers. And so today, for instance, Meg L.

and Bnso were the two top gappers in the market. They were both gapping up over 100 percent versus Friday's close. I traded both of them, and those were the two that brought me to two times, my daily goal. They both had high relative volume.

they both had decent daily charts well, of course, Megal recent ipo, but you know from a technical perspective they were both good. They were both the right type of stock to trade. We'll talk about that more during the recap, but I stayed focused on the leading gainers today. And so once the bell rang, one of the problems was that both of them were choppy.

Meg L. did go up to high of 250, but then rolled over and halted down. It sold off to like 160, then bounced back up to 120 to 225 and is at 171 right now. And as I mentioned during the recap, I think that this still has potential, but I'm not going to trade all day today, so we'll just let it be what it is.

Um, and then Bnso was really choppy pre-market you had basically like two nice candles, one at 7am and the other at 8am. And in between that, lots of false breakouts. So this stock was already showing me through its price action that it was not trustworthy and so coming into the open I was like, you know what, I don't like it. If it was really strong, it would be much higher than it is right now.

It would have popped up, pulled back for just a short five minute pullback, and went higher. Not like a 30 minute pullback where it's got a bunch of false breakouts. So it didn't surprise me at the open when we saw two really nasty false breakouts, almost halting up, reversing, halting down. it traps.

Beginner traders. Those are bull traps and I did not fall into those bull traps today. I said, nope, I'm not gonna, I'm not gonna go into it. And you know, maybe I left a little profit on the table because I probably could have traded it a little more aggressively and maybe made a little bit more.

And then there was another stock that popped up and made a pretty big move that wasn't on the Gap scanner and didn't have news. and I said, you know what? I don't think this is the day to go for this type of Fomo momo setup because I'm I'm not sure that it's going to be strong enough. and what I said during the game plan kind of weekly game plan watch list on Sunday night was that I thought it would be better to focus on stocks that had news this week, But if they don't have news, at least focus on that. They're the most obvious leading gainers, so you know some of the more obscure ones.

Maybe they'll get a little pop, but I don't think they're gonna hold. And so this is the time when things start to get choppy for me to kind of hunker down, slow down, and not overstay my welcome. and so maybe I am leaving some money on the table. but I'm walking away with profit in my pocket and that always feels better.

It's terrible when I'm like no, I'm not going to trade something and then I it goes higher and higher and so finally I'm like, okay, I'm in Fomo, I give in and then I end up losing on it and I'm like oh my god, I'm the guy who's down on a stock that's up 300 of the day. This is ridiculous and I went from being at twice the daily goal to whatever it is. it doesn't really matter. it's the feeling that I gave back profit.

I pushed it too hard. so you know, on the other hand, if every day you walk away, let's say as soon as you hit your daily goal, you might be leaving too much on the table because there are days where it's called, it's warranted and the market calls for you to be more aggressive. so it is a fine line. and that's what I'm trying to find the balance on right now.

So anyways, I hope you guys enjoy the recap. I'll put a link down the description for the wait list for Day Trade Dash. That's the stock scanning software that I use with has scanners, breaking news, audio, video broadcasted beyond trading, and its own chat room so you guys can check that out. We're doing, um, a sort of slow rollout on this so we have a small group of traders that are already in it.

We're opening up enrollment just for a couple of membership levels. Right now we're doing a slow ramp as we kind of get people into the platform. We want to make sure it's a really good experience and then start to open it up More so right now. Email only invitation if you guys want to check it out and be some of the first traders using the daytrade platform.

All right, So there'll be a link down below for that and I hope you guys enjoy the recap. I hope you hit the thumbs up and I'll be back at it first thing tomorrow morning for the morning show. All right, see you then. All right? Well, I'm gonna go over my trades from the morning it's about 10, 30 and this morning, uh, you know we had some Gappers and I got some trades on the top two leading Gappers.

Everything I traded today was on the Gap scan and at this point those stocks have kind of pulled back and I don't really feel like taking risk on some of these others that are going because one of the things that's important is being able to have a really good sense of when we have true momentum. And I think right now we've got a little bit of momentum on a couple of these stocks like Top which is just squeezed up Hlbz which is moving higher, but I'm not sure that these are going to hold. They weren't leading Gappers well, Hlbc actually was one of the leading gappers fourth leading. Um, but top wasn't and I'm having a hard time telling whether these are going to keep going.

it doesn't have news, it's not going to be sympathy Momentum really to anything because there's nothing really to have sympathy to at this point. So I think that this is where things can get a little choppy and a little unpredictable and I think I'm probably best bet. Uh, for me, today is to call it a day. So traded in my retirement account.

um, locking up 9521. which is twice the daily goal. Approximately daily goal is 5 grand, so can't complain about that. Puts me from 68 000 up to 77 000 on the month, so making my way towards towards 100 grand, which, uh, would be wonderful to cross that number.

Not that it really makes a huge difference, but you know that'd be nice. So let's look at the Gap scanner. Okay, leading Gapper this morning was Meg L. Um, but let's look at Bnso first.

Bnso's second leading Gapper, but they're both up over 100. These are big gaps. so 130 gap on Bnso. This one was moving a bit on Friday on a little bit of sympathy to Meg L.

So back to Meg L. Chinese ipo. Very similar to Hkd It just in the sense that they're both Chinese and they're both an ipo. That's that's about it.

Um, but Hkd. Obviously this huge move last week traders got super excited seeing this kind of move and we ended up getting some really strong sympathy momentum on it. Uh, sympathy momentum on other stocks. So this one was strong.

and then we had others that were squeezing Qnrx, Envb, to name a few. Those are some big ones last week. So this morning or so Friday Meg L ipos and goes from 50 up to a high of 235 dollars a share. pulls back here, back down to 70, comes back up to 200, and closes after hours at around you know, 198 or whatever it was, we're just under 200.

pre-market goes up to 235. I took two trades on it today. My first trade on it, uh, was uh, right here. It was like right around.

it's actually right here on this candle. Um, I got in which was no, sorry, it wasn't there. Um, you know what's really funny is, um, this doesn't the chart. The chart's been a little funny on this.

Um, because I got in for the break of 200 but we definitely saw 205 and I want to say that I added up around 205. um, yeah, I added it 203, 203, 39, 203 24. so you know I was adding as it was going higher. that was at nine.

um about Nine Am. So anyway, so that was like right around here. So the chart's not reflecting that. I don't know why, but in any case, um, it's just we.

This chart was weird yesterday. So maybe the market data provider that um, E-signal is using isn't just not getting everything for some reason. So I got in here because I thought, um, well, we were sort of moving back up a little bit. There was a initially a pretty big spread.

it was like 185 by 190.. then the spread started to tighten up a bit and there was 200 on the ask and I was like you know what? I'm going to jump in here for the break at 200 because I think if it breaks this critical psychological level, we might get a nice move up. So uh, I got in at 200. it goes up to 203, 204, 205.

uh, it wasn't able to break and I ended up selling it. uh for 300 profit so took 155 shares, started with 50 added to 155 or something like that. Maybe it was a little higher, but right around there. 150 shares.

and yeah, I made 300 bucks. So two dollars a share, all right, then right going right into the open. All of a sudden it rips up and I add it back at 207. So I added back here at 207 and this thing went to 235.

Right back to the pre-market high which is what I had wanted on this trade. but it just didn't happen. But I got it on this trade and it goes up to a high of 249.94 I gave it a second to break through 250. It wasn't unfortunately able to break through 250.

my best exit on it was 246. Um, so a little bit bummed out that we didn't get that squeeze through 250. I was hoping for a squeeze through 250 and a halt up, but it didn't end up happening. Ended up reversing and halting down.

Then it opened higher, but then it halted down again. Then it pulled all the way back to 158, bounced back up to 226 and whatever. I just now. it's just.

you know, to be honest, like it's still very similar to Hkd. I think there's a very good chance that I'll look at this at five o'clock today and we'll have seen that. it consolidated and then ended up breaking through the high I could. I could definitely see that happening.

But um, I'm gonna be on my traveling trading station for the rest of the week, so I'm gonna roll out this afternoon. And so I'm not gonna be trading all day today. And you know what? Maybe I'll end up missing the move, but this was also, you know, fairly risky. Uh, with the spreads.

And where I really would probably do better is trading. Sympathy Momentum. Um, we haven't really had a lot of sympathy. Momentum today.

Top did just make a pretty nice move up. However, it's only got 600 000 shares of volume right now, which for a lower price stock is pretty low and it halted up once at 1591, straight into a second halt at 1870. straight up to the high of 21.59 False halt now halted down at 1845 and showing a 1650 resumption. So how do you trade something like this? Well, to be honest, this is particularly tricky because it just kind of went into a halt up, then opened higher and in 10 seconds went straight up.

So on the 10 second chart, I don't even see a micro pullback. What about a one second chart? for those of you who are trading really, really fast? So on a one second chart it looks like maybe you could have, maybe you, you may be in this area, you could have done a dip at 17.50 Um, maybe. but not super super easy. And um, then up here, this would have been buying out of the second halt.

That's pretty risky, especially with no news and lighter volume. So that would have been a dip at 20 up to 21.50 but then it double tops and then rejects off that level. And when it breaks down right here around 1960, then it goes into the haul down. So I don't know.

Um, probably wouldn't have been super easy to trade on the way up on the way back down shorting. let's see what's the cost to borrow? Um, it's 44 cents a share, so a thousand shares would be 440 bucks at light speed. It's kind of expensive. Uh, but that's what it is All-time high on it is 50, 40, 50, 97.

But in any case, um, just cautious on trading that because that's a bit expensive. Uh, lighter volume and it should be. It has no news. so Meg L.

I'll trade because it is more expensive, but it's like the main stock and I feel like if that one goes then you're gonna have a lot of sympathy momentum because it's just such a crazy percentage of move and that's more of sympathy to Hkd. This just doesn't feel that way to me. but you know what? It ended up making a good move and I didn't trade it so I don't know. whatever.

so that's that. Um, so then Bnso this one. This was actually the first stock I traded today and there were basically two pretty nice moves on it. Um, there was this one right here at 7am which I missed.

and then there was this one right here at 8am which I traded. I didn't do super well on it to be honest, so when I sat down and looked at it right in this area, I thought to myself I was like, you know, nice pop But I looked at the level two spreads weren't bad. Volume was okay. I saw it was easy to borrow, which I thought was surprising.

I'm familiar with the stock. It's not a blue sky setup, It's not a recent ipo. it's not a recent reverse split. It has no news, so all it really has going for is that it's also Chinese.

So I was like, uh, I don't know if that's quite enough. Um, it, you know. But again, it goes from 8 to 12 at 7 a.m But then look at the false breakout right here. False breakout right there.

And this was the first candle five minute to make a new high. And that was a false breakout So now the stock has already shown us two false breakouts when it came up right here. I bought at 11, I think it was 1175 or so for the break of 13. um let's see and that was my first trade, I can't remember, it was somewhere in there and then we had a dip at 12.50 a quick little dip at 12 and 50 cents and that was an ad spot and we got a nice move up to what ended up being 13.40 and on that trade I made about 3 500 bucks which was pretty nice.

Well I ended up adding back right here for the breakthrough 1350 and this candle it drops to 12 10. gave back, you know, a thousand on that trade. So now I'm up 20 2500 and then I tried it again on a dip in this area and I lost on it a second time or whatever. So one winner and then two losers.

Now I'm up only 1400 on it drops again and um, then I got a trade. I don't remember where it was, it was somewhere. I definitely took this trade here. This break of descending resistance made like 600 on that.

and anyways, I finished it. um 2200 on it which was about half of the total profit I made. So it was just choppy and uh, coming into the open I was like, you know what, I don't like it because it did a false breakout here and here and here. Oops, here and here and here.

A little bit here and it's not strong enough so I'm not going for it. I'm not going back for it. So I said that like right before the open I was like I'm not going back for this and look at this rejection, look at this chop. So it squeezes into this move here.

almost to a halt up. False halt 1209 flushes down to 10, 45 stops out, Long's down to 10. bounces off, 10 comes back up, tries to break V-wep up to 1171 and then flushes again, this time into a halt down. I was like nope, I'm not touching this stuff.

This is not worth it. This is too choppy. So now you see this kind of, um, crazy action on um, top Your high was um 21.59 It doesn't really make sense. You've got a red shooting star candle, you know.

But then next thing you know, 21 21 59 The halt level's 22. If this halts up then I guess it's still strong. You know your Macd is pulling away. You do have high volume on a red candle, but I don't know what are you supposed to do.

I mean I guess you, you look at the trade through that level. Now the five minute is showing high volume green. So but you've got this spread right now which is 2114 by 2168. So you know with uh, Meg L.

we had big spreads, but I was only trading 50 shares 100 shares. but I thought I had the potential to make ten dollars a share. I don't think I have the potential to make ten dollars a share on this, which means you know, if I'm gonna be trading it, I'd probably want to be taking two to three thousand shares. But just like that, this is now 20 50 on the bid and that's two points off the high.

I'd be down 6 000 potentially you know, from top to bottom. so I don't know. Maybe I'm just being a little cautious here. Um, I had a obviously a a really good week last week.

Uh, but it was really good on Tuesday and Wednesday. So last week Tuesday and Wednesday were great. Monday was a little choppy and Thursday was not great. Thursday I went from up 12 000 basically to flat after fees and commissions 2200 and then Friday was 6400.

but that didn't feel super clean. So I was feeling a little nervous today that maybe we're on the back side of this move. You know, two big green days here. things might be cooling off, but it really all came down to.

what's Meg L. gonna do? Is Meg L. gonna go crazy? Is it gonna squeeze up to 500 bucks? Because if it does, then it's going to be a really good week. Right now, it's at 173 by 180.

it's pulled back. You've got a little stuff going on here on top. You've got a little action on Hlbz, but I'm having a little hard time feeling super comfortable with those because I feel like the stock that you know has kind of been driving the momentum. Both of them have sort of pulled back, so you know sometimes that will mean I'm a little bit biased and I'm going to miss a move there.

You've got 2280 2311 is the halt level. It's just right now. I can't jump in it with any type of size because the spreads are too big. We were back to 2214 by 22.65 so I'd only be able to trade it with small size and then honestly with this it doesn't feel worth it.

It's not close enough to all-time highs, so I don't know. maybe traders will jump on it. Volume is coming in, but I think I'm just gonna have to say that I'm gonna leave it alone. so you know you're always either leaving money on the table or giving back profit.

Maybe I'm leaving a little money on the table today, but you can't feel too bad about that when you're up 9 500. I I definitely would rather leave money on the table every single day than give back profit. Giving back profit is always a little disappointing, especially when you give back a good chunk and especially when you sort of are talking yourself out of a trade you don't take it and then it goes higher and then you sort of fomo into it at the top and then lose you. just.

it's not a good feeling, so sometimes the best bet is just to shut it down and live to trade another day. So that's the game plan for me. closing it down here and I'll be back at it first thing tomorrow morning. Reminders: Always.

Trading is risky. My result's not typical, so make sure you take it slow. I'm going to put a link for those that watch this recap on Youtube to a new episode. um, that's premiered today on my scanners so you guys can check that out and I'll put a link to another episode that I think you guys might like here.

So I'll put two recommendations for you guys to keep watching, keep studying and I'll see you back here for the morning show on Youtube tomorrow morning. All right, we'll see you then.