All right. So we're going to go over my trades for the day here. Msgm is up 244. I'm still holding a small position at Um 889.

This is right up against resistance here at the high, so uh, I'm just going to set my stop and break even on the rest control. B is a stop at break even so I use that sometimes when I'm just sort of content to either get stopped out or maybe it goes a little higher so it looks like it just stopped me out there at 89. But in any case, so Msgm, uh, we've got some trades on it today. it wasn't the easiest and I'm at a point where I'm honestly a little frustrated I just had a nice trade on it on that move right here.

Um, which was good but I've I've turned some commissions on I spun my wheels a bit. It was tricky. so like we had this nice little breakout right here. That was a good trade.

Um also had a nice trade right around um 8 20. uh, sorry right around 8 20 down here. As you see, it goes higher. notice these candle wicks, especially on a 10 second chart.

How it Taps these highs so it just hit 950 and now it's back on the bid at 9 20. So you look at the level two, we'll get that 890. So 890 that's nine. I Mean this thing is jumping around.

You get in at 909. There, you've got 9 16 on the ass, 908 on the Ask, 903 on the bid 905. you're looking at the bid, you're checking the ass, you're looking at the ass. You see green on the tape.

There's 19, there's 20. there's 22 but a little stack of sellers. It comes back down 12 on the bid. So you're in right now.

One minute pullback. but notice this blue resistance line. You're right underneath this line that I drew from from way earlier pre-market So that line was based on this consolidation that we had in this area. So my first trade on Msgm was pretty early I Came over to my office around seven a little after 7 A.M This is a 10 second chart.

I'm gonna switch to the one minute chart for this View So came came over here around 7 A.M and uh, we had this first squeeze right there. right at seven I missed that trade. it drops down, it pulls back. uh let's see.

this was at Seven. sorry that was it. sorry, sorry that was at 4am I missed that trade at 4am. that was when the news had come out from overnight.

it pulls back. Then we got this Spike right here at 7am which I missed. It was then around 7 15. um but I sat down I Got this dip trade right here at about 7 15 off the 20 moving average.

That was my first trade of the day. A little dip, it comes back up, it hits a high of 7.75. wasn't able to break through that level, sells off, comes back up. again.

7.75. got another dip trade right here. This is a double bottom, comes back up again. 7.75 Son of a gun.

This cannot break that level. What is going on down again? Bought another dip and now I'm just taking profit at Seven Sixty Seven seventy I just wasn't expecting it, was going to actually break this level. It sells off, comes back up again. Get back in.

It hits a high only of eight, pulls back, breaks eight. It goes up to about 8 54 right here. So that this move right here was what put me up to about 4 000 on the day on the stock I have 4 000 on the stock but I was not up four thousand on debt. Uh, because I had taken a loss on wisi which I'll show you in a second wisi.

So I did not get back in down here at this low of seven I wish I had but I didn't I I didn't even get back in until this green candle here when it was breaking through 770. And because I was getting in high I'm in 770 and I'm getting out at 7.85. 15 cents a profit. these were a bunch of 5 to 15.

Cent Winners Today you know this dip down here was a dip off of like 7.45 it goes up to 770. that's only 30 cents total from bottom to top and I only captured half of it. roughly 15 cents So 15 cent winner There, you know, another five cents on this attempt, this was a better one here. Uh, this one I took with 10 000 shares and I made about I think it was fifteen hundred dollars on it so that was about 15 cents on that bounce.

a couple of small like four or five. Cent Winners through here. a couple of losers too. Uh, but nothing big.

tight stocks. Then it comes back up here I sort of missed it I think I was looking at something else. It pops. Take that trade there.

get back in for the break of eight. it hits a high eight of seven. It dips back down to 790. it breaks 807.

It rips up to 8 30. that was a good trade I took 10 000 shares there on the break of 807. that was a nice pop up to 8 30. again only about 15 cents but with bigger size on that one.

false breakout here I gave back some profit on that I Got in for the break of 8.50 and look at those topping Tails one two three four five topping tails in a row. Now let's look at the current chart so see how it's starting to make a new high here. It's like it's trying to break and this is what it's kept doing is it keeps tapping levels and then flushing and so let's see what it does here, right? right? Look at that. Come on man, that is frustrating.

Hits a high of 9.50 and the flush. at least it's predictable. It's still frustrating to see, but at least it's predictable. So you know this.

I'm over it. I'm and it. That's not the first time it did that. it did that here.

It did that here. So that's the Third Kind of big one that it's done I Don't like seeing that stuff. It's frustrating, you know I mean trading is difficult I mean there's no question about it, but those are really frustrating moves. So uh, you know what? I One of the things I mentioned the other day I've been doing these shorts on YouTube Um, just basically answering one question a day that a Trader Post in the comments.

So one question the other day was how do I predict false breakouts? So how did I predict that false breakout right there? Well, this stock has already given a history of doing that. It has like five doji's in a row. It then attempts and then flushes five doji's in a row. It attempts and then flushes.

You know, again, a bunch of topping Tails bottoming Tails It attempts and then flushes. This was a little bit easier because we were right against this resistance line. but um, when a stock has shown that it likes to do that, it tends to sort of set the tone that that is going to keep happening as the day goes on. Now you will get some perhaps that do break out and that's what's even more frustrating is occasionally they do break and you miss it.

But then enough of these are false breakouts that you start to get pretty pretty cautious. I Also, look at the Macd This Macd uh, you know, pulling away and opening is good. Once it starts coming back down, that's not as great of course. Um, you can see it was already starting to turn before that candle.

but that candle made it worse. This one here, it was already starting to kind of cross back down this here, starting to cross back down. So I'm trying to trade when the Macd is like beginning the crossover and pulling away, not sort of at the end of the move. Again, that's just a little indicator that helps a little bit to avoid some of these false breakouts.

indicators are you know they're they're no, No Indicators 100 So it is an educated intuition thing. One of the things that's interesting on this company is that the news out, um, they have a couple of headlines. One is regaining compliance, the other was a um um announces a debt for Equity exchange. So these debt to equity exchanges I've talked about these before.

Basically you know in short what happens is a investor comes in and says hey, I see you've got a million dollars of debt on your books. uh I'll give you a million dollars but uh I want in exchange shares And because I'm taking the risk of giving you the million dollars I Want those exchange I want those shares at a you know, 25 discount over the current trading price? Maybe a 50 discount over the current trading price. And listen, the company doesn't want to dilute the value of its stock like they would. This is kind of like a secondary offering, except in this case the debt gets paid off which looks good on the balance sheet and then the shares are issued to this investor.

And so most likely an investor got shares at a favorable price. And now today with the stock being up 250 percent, they're sitting in a really nice position. So they were repaying one million dollars of debt. um, trying to see how many shares they got and I saw it this morning.

but now I'm looking for it and I'm not seeing it. Um, it was several hundred thousand shares. It might have been three hundred thousand. I I'll have to look for it.

Oh, it's um, 338 000 shares in exchange for debt equaling a million dollars, right? So so they got 300 000 shares priced at. you know, approximately three dollars a share, 300 000 shares, right? 338 000. Well, now the Stock's at nine dollars, so you know I don't know whether or not um I didn't look into this Um, super closely. I I'm really primarily just trading the price action, but you know there's now someone out there with 300 000 shares up.

Six points a share. So three times six, that's 1.8 million dollars. They paid off a million dollars alone and they're already or a million dollars of debt and they're already at 1.8 million. That's a pretty good Roi right? So you know we see this kind of stuff happen.

Um, today, there's 20 million shares of volume, so there was certainly more than enough volume. If they wanted to sell today, they could have sold today. They could have taken that profit off the table. Uh, maybe we'll find out in filings, um, later in the week whether or not they did.

They might not. they don't. Always right. Sometimes they'll keep holding.

Um, it depends on the objectives of that investor and also the terms of the Uh The Exchange They may not be allowed to sell, you know, on day one. but in any case, that was the news. I was a little bit unsure about whether that was really a strong enough Catalyst to Warrant it being up as much as it was and I attributed that maybe to why it was a little choppy in some of these areas, but the fact is, it's got 20 million shares of volume. The price is nine dollars a share.

so you've got, you know, 50 plus million. almost 100 million dollars. maybe more of volume. Today There's a you could measure the dollars in volume based on every share trade in at the different prices it traded.

but you know the low was like seven. So you know, seven times two. So fourteen. So 140 million shares of volume.

140 million dollars in volume. Probably at the minimum. It's a lot. It's a lot of volume, so it could have easily, you know, absorbed the 300 000 shares that were you know given in this exchange and could have been sold.

But but they may still be uh held anyway. So right now you're back in this consolidation I Could see it breaking out again. I mean I could see it at least trying. It's a five minute setup.

it's at the highs, so relatively it is holding up well. as I said I mean I do kind of question the strength of the Catalyst but you know, maybe Shorts thought it was a pretty weak Catalyst and uh, went short and now they're getting squeezed out and at a certain point you've got to cut your losses. So here it's coming up for a second attempt at this level and see how that time it just blows through, right? So that just went basically from 50 to 80. in like two orders and super frustrating.

If you're someone who bought on this one and got chopped out, it comes back up for the second try and that time it goes I Just don't want to overstay my welcome On it because seeing red candles like that one of those could wipe out your day. So I think that this is a market. Uh, and this is a stock where you get green and you get out of the way. you don't overstay your welcome.

You have to be grateful to be green. And maybe you're going to leave money on the table. But you know what? It's always better to leave money on the table when you're walking away with profit in your pocket. Because on the other side, I Am certain that there are traders who lost money on this stock today going long and they threw in the towel.

Max Loss Maybe down here. or maybe they threw in the towel. Max Loss down here. And When they see this going up, they're going to be super frustrated.

and if they hear that you're disappointed that you're up, only fill in the blank whenever you're up. uh, they'd be pretty annoyed at you. So be grateful for being green if you are green. If you're not, study the chart and try again tomorrow.

Tomorrow's a new day. Don't get bent out of shape. It's the last day of the month. You know some days are going to be a little cleaner than others.

this one, you know, even in my opinion. Having traded for a long time, while some of the rejections were predictable, the price action was not the cleanest that I've ever seen. And that's why I'm sitting up maybe only 5300 on the stock and I'm not at 10 000 on the day. Maybe it starts to pull away here.

or maybe right here, it's going to go into another period of choppy consolidation like you have right here. My uh, biggest loss of the day was on Wissa. same as yesterday I Bought the stock yesterday I lost on it. Bought it today yesterday.

It ended up going up four points in the afternoon. This morning it started to squeeze up I jumped in, got caught in the near top of this candle. lost 1300 bucks. so that was, um, that was not clean.

That was disappointing. That put me in the red on the day today by 1300.. So that was my second trade of the day. so it was red 1300 bucks and from there uh, had to recoup some losses.

So I'm just glad to be green. It's the last day of the month. I'm up. Uh, four thousand dollars leaving some money on the table, but walking away with profit in my pocket.

That's discipline. The last thing I want to do is fomo along into this thing and punch that buy button up here at 11 and then catch another 75 cent candle. To the downside and go from up 4 000 on the data, up only 500 or a thousand or be Break Even or be read. So for those of you that are still trading, those that have the risk tolerance to keep pushing it, you're on the front side of the move right now.

it's moving higher, but you've got three big green candles in a row, so maybe due for another pullback. Manage your risk. It's still early in the day, so manage your risk and remember, as always, you want to live to trade another day. So don't let yourself get too bent out of shape today with maybe not fully capitalizing on one particular stock because tomorrow is a brand new day.

All right, that's it for me. Thank you guys for tuning in! I'll see you back at it first thing tomorrow morning.