I want to come on here um. This is going to be my final broadcast for a while on facebook and twitch, so those tuning in on facebook and twitch make sure you come over to youtube um. I'm not gon na be streaming on facebook because i don't like the way facebook is not handling spam and twitter just doesn't have a lot of engagement, so i was uh in i. I was doing other work um and i just finished four o'clock, and here we have lg vn son of a gun, it's up 274 percent on 119 million shares of volume, and it's at 37 wait just one second, because when i walked away this morning, we saw This thing was halted up at 9 43., how the heck is it at 37 bucks? Was there breaking news what's going on and it looks like this was just a technical breakout.

So let's talk about it, do i have some fomo sure i do. Did i trade it? No, i didn't i'm green today and i'm grateful for that, but i didn't even trade it. I just sat down i now during my meeting. I did see people mentioning because of course i keep an eye on the chat room.

I saw that it was moving, but you know i have a rule not to trade when i'm like in a conference call or i'm doing other stuff, because you know you, you can't half trade when you trade, you got to be 100 focused and if you're half Focused then, you know well you're not doing the other thing you're supposed to be doing so i suppose on this one um you know. Sometimes it is those are expensive, um meetings, but but that's fine. I i'm that's, i'm not going to get banned shape about that. So lg vm all right, let's roll up our sleeves back it up and try to figure out when this thing really started to um to break loose for those tuning in on youtube.

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So you guys can see that in the corner. So now, let's roll up our sleeves and dive into lgvn, all right, so the next time this happens. Hopefully uh. We can all trade it a little bit better, including me who didn't take even one trade on it.

But i'm also proud of myself for maintaining discipline because very slot very easy to get sloppy and go ahead and you know punch an order on something like this and next thing you know you're in it at like 19 and it's halting down. Look at that. Look at that candle right there. I saw that candle happen during my meeting and i thought son of a gun that that is what i hate to see that look at that right there do you think that anyone got stopped out on that.

I bet there's someone streaming on youtube or in the chat room that did the long right here for the squeeze up to the halt level of 20 and then a drop from 20 dollars to 1676., a false halt. It bounced back up, and oh my god, then the fomo, the the bulls jump back in right here with the vengeance. You know fool me once shame on you, i'm getting back in at high day a second time right. Well, what happens if you do that? A second time, and then it does this a second time, then you really feel like an idiot and i've been there.

So remember, uh trading. It is like a puzzle and some days the puzzle is very, very difficult and you just are left at the end of the day, feeling like an idiot, so don't beat yourself up if you're red on the stock. Don't beat yourself up. If you didn't trade it at all, let's see what we can learn from the price action and then apply that to the next stock.

So what do we? What do we know about this stock from high level? Well, let's check the float so high level, i'm going to log back into the chat room and the scanners load. The scanners up all right enter here volume right now: 120 million shares up 255 lgvn. The float is 3 million shares wow, all right, so very, very low float all right, so we've got that three million share float uh top gainer. Today, let's see it is our top gainer today in the u.s market, and it was a big momentum stock from yesterday.

So why don't we set the stage first by looking at the daily chart, so on the daily chart? We know that this stock made a big move on thursday. We know that it continued into friday morning, but on friday, it rolled over pretty hard hitting a high of 14.75 and then pulling back on friday. Let's see on thursday, it traded with 275 million shares of volume. On friday, it traded 100 million shares, and today it's at 116 right now, so five minute chart, let's back it up.

Remember we've got that pre-market high 14.44, that was from friday. Then it pulled back off that level. So i now i don't even you know i don't keep really good track mentally um, and maybe this is something i should get better at, but i don't remember how much i made on this um thursday and friday. I i really don't remember: i'd have to go and look at my p l, so i'm uh sort of drawing a blank here, but really strong thursday continued friday, and i remember this part - i remember how we had this pullback right here and we have kind of This breakout and then this pullback and at this area i was like i don't know - maybe we've already had like the first really good pullback.

We got that squeeze at the open into a halt, squeeze higher 1445 and then hard reversal today. I wasn't that interested in it when it hit 940, because i thought well, you know the leading gapper today that i was focusing on was ispc, unfortunately ispc. While it did give some opportunities for a red to green move right here. You know it also sold off a bit uh later in the day, but at the open it was very, very choppy, really choppy price action right there, just up and down up and down up and down so lg vn when it first popped up this morning and Halted, i kind of was like i don't know guys it doesn't have fresh news.

We've been in a little bit of a choppy market. I'm i'm not sure that this is really the one to go for you know what level does it need to break well. 1444. That was yesterday's high, so it halted up it resumes from the halt, and this was at about 10.

Am it squeezes up a little bit higher hits a high of 11 47 and then flushes a dollar. A share to 10.40 goes sideways for a little bit squeezes back up to 1220 drops back down. You know kind of i don't know. You know nothing super exciting! Here, 12 40 pops up to 12 at about 12 40 in the afternoon, pops up to 12 um 50 pulls back.

Then it goes up to 13.. Then it goes up to 14, and here we've got the yellow line, which is the previous high 1444. makes sense. That that would be kind of a resistance spot right.

There sort of hits that level and you sort of expect a pullback. In fact it held it and it squeezes right there all the way into a halt at 1790, and that's when game. It was game on at that point. It was game on on that candle right there from 1750 all the way, 1550, all the way to 1790., because what happened in that moment is it broke the high and now, let's look at our daily level.

Again, let's refer back blue sky setup. This is all-time highs, it's the highest, the stock has ever been right so highest, the stock has ever been blue sky set up and there you go all of a sudden. You get a squeeze and i would say probably this was some short covering around 17 around this level as it broke over this level right here. So first it hits a high of 1469.

It pulls back it's 1483. It drops back to 1417., it rips back through 15 pops up to a high 1572 pulls back then rips right here, and you know why did it really take off right here? This is what i would. This is what i would pose. This right here was struggling right around the breakout spot kind of above it below it above it below it right here, it finally broke out proving it's breaking the daily level.

The first pullback got bought up big time, the first pullback after that convincing break through the daily level. That's what that was that right. There was the first pullback at 1550.. Now i don't know how comfortable any of you would have been going big into that type of trade, because the five minute was still quite extended.

You had four green candles in a row and of course, at this time of day, this was like two in the afternoon, not typically the best time to be getting super aggressive. But you know there there you go so uh anyways it squeezes and goes into a halt. At 17.90 it resumes a little choppy it. Pops up to 1892 drops down to 1686 hits a high of 1943 then drops down again to 1716, and this is all within.

Like three minutes so very, very volatile: if - and you know, my starter size is five thousand shares so easily. For me, five ten fifteen thousand shares this right here with a fifteen thousand share position, is a thirty thousand dollar range you're up and down thirty thousand dollars within three minutes if you're holding that kind of fifteen thousand shares, so that makes it hard to trade large Size when you're getting that level of volatility, so this is our five minute, so we hit 17, we hit 19 and then we start to pull back and it pulls back uh. It pulls back a good bit here right. It pulls back down to 1630.

So you know you get some of those traders that got in a little too high got trapped, pulls back, they got stuck and then right back up to 19. holy smokes. What's the level to watch well at the very least, all-time high 1943.. What happens when that level tests it doesn't break it tests pulls back well now we look like we're in this sort of ascending support situation.

Okay, look at that all right! So now we're in the support area, we're nice and safe here and then holy smokes. That looks like the right place to be a buyer. You've got a sending support. Everything looks good it rips up to 1991 and drops three dollars a share to 16.76 and, to be honest, that's the type of trade that i would often go pretty heavy on.

It's ascending support, we're looking for a breakthrough. 1943. Then 20 21 22 halt up. I could have easily taken a trade like that with 20 or 25 000 shares, and on that drop i could have been down 50 grand easily now at false halts.

It did not do a real halt and it rips back up right here. It breaks through the high of 1991. The dip got bought up. It took about 10 minutes, but it got bought up it rips through 19 to 20, 21 22, and then it's just grinding.

It's grinding higher it halts here, but it was limping into the hall. It was slow going into that halt. It resumes and drops very predictable a weak halt it halt and then it resumes and drops recovery going into the close going into after hours 28, and i was watching it here. My meeting ended at four.

I was watching it, i thought. Well, don't do it. You you'd be totally giving into fomo it'd, be so stupid and the level two was tough, pretty big spreads and it was jumping quick, so it squeezes there up to 31.32. It pulls back.

Then it rips up to 38 tops out right there at about 39.. So i said to 40.: i actually wrote the title: while it was still moving up, didn't quite go to 40 went to 39. and right now you know we're pulling back and all things considered. Let's look at the five-minute chart.

That's not a bad looking pattern. You know it's a pullback pattern. You had a pullback right here. First pullback, that's the second pullback, because this was consolidation.

So this, through this consolidation, is a reset first pullback second pullback, but you know i i don't want to get into over trading at this time of day. I try to use a rule of thumb that if i've gotten green in the morning - and i take like three or four hours away and i come back and sit down to not trade because it's it if it goes well, i add some profit. But if it goes badly, i feel like an idiot, and so the risk of feeling stupid and getting angry is worse than the benefit of making a little bit more money on, what's already a nice green day, so um for those tuning in on youtube. I'm going to put up my disclaimer here again, just as a reminder in case you don't already know.

What do you think, i'm going to say my results are not typical they're, not typical. Most beginner traders lose money, so you should assume, as a beginner trader you'll lose money. Take it slow all right, i'm happy to share my results with you. I do think it's important that you know the person you're learning from is credible is profitable and that's with real money, not just in a simulator or in some pretend land that some educators base their results on.

This is real money, but on this one i didn't trade it. So i didn't make any money on this one. I made my profit earlier in the morning on ispc uh, which was the gapper so uh and it's that's fine um, but anyway. So, let's see this pull back here, so you've got um that level right.

There 3251 want to make sure it holds that level, but it's kind of pulling back here and as it's you know, coming into after hours, you see volume declining, no, no surprise there at all, but great to see this is momentum. This was parabolic from 20 to 39 bucks. That's what i like to see. Uh.

You know disappointed that i didn't trade. It and uh you know, would have loved to have made some money on it. But you know like again: this is just um. Just the the luck of the draw that it broke out when it did and that i i didn't catch it and that i had meetings when i did usually the time i'd be most likely to trade.

Something like this would be if i've been sitting here all day long. You know it's it's hard when you, i don't know, i think of it like as like playing basketball um. You know you had a let's say i had a basketball game. This morning i had an actual game this morning and you know i i played i warmed up.

I played hard cooled down felt great and then at 3 30 in the afternoon coach calls me says: hey, there's another game going on right now. Can you come and jump in immediately and you're like um, totally not in the headspace to go back into the game? You know i've been like relaxing this afternoon. I've been unwinding and if you come back, the odds are you're not going to perform at the same level. You performed that morning.

Now, if you are doing a marathon, you just you know, keep playing all day long. Then you never kind of unwind and cool down, and so for that reason i you know if i'm strong pre-market and i'm still trading at 9, 30, 10, 30, 11, 30, 12, 30 and next thing. I know i look at the clock and it's one or two in the afternoon - i'm still trading so be it. I had a day this year, where i started at 3 45 in the morning for the 4 a.m.

Open i traded at 4 a.m. Gamestop and i traded all the way to the closing bell and continued trading after hours, more than 12 hours sitting in front of my computer, but that is not typical and i don't think that um. That is something to strive for. So you know i um.

You know i uh and i have played a game of basketball you i i will challenge you from the free throw line, and i guarantee you that i will out shoot you from the free throw line. So with my height, you have to play basketball. You have to in school, but in any case so you know lgbn um good, to see love, seeing this momentum and i hope it's an indicator of things to come. I hope that we see something uh exciting tomorrow, not gon na chase this one i'll wait for for the next one but uh.

I hope that we do see some more opportunities soon so anyways i just want to come on and um kind of recap this one, because i obviously didn't get a chance to trade it, but, as i saw it, i just thought well. This is going to be something that people are going to be talking about in the comments and probably asking: how did you do on it? How'd you do on it so um i didn't trade, it i missed it, but i think we did a good breakdown of the move and hopefully the next time we see something like this. I will be sitting in the chair and able to trade it as i've said a bunch of times. I you know being a dad and uh.

You know having two young kids and i've just not really designed my life right now to be sitting in front of the computer. Could i hire you know uh someone to watch the kids and do everything for me, so i could just sit here and trade. I could um. I don't think that that is a smart move.

You know i mean you want to be there for your kids, so that's kind of the whole idea with with trading to, for me, at least you know i want to make enough that i don't have to work 60 70 hours a week sitting here in front Of the computer um, it comes at a sacrifice so right now the sacrifice is monetary, but that's in exchange for spending more time with family, and i think that that's long term, the decision that i'll be happy with, i don't think i'm going to be laying on My death bed being like oh man, i wish i'd traded just one more parabolic stock. I think i'll be saying i wish i you know had spent more time with my kids when they were growing up, because that's what people say you know anyway. So that's it! For me, i hope you guys uh. I hope that my two cents was helpful if it is hit the thumbs up.

If it's not well, you don't have to watch the videos, but thank you for tuning in and live morning show tomorrow as usual, but only on youtube so i'll see you, then you.