Foreign? Foreign? Well, it is about 12 45 and uh, still waiting on the IPO Rivn reviewing I'm going to be just sitting here waiting and and watching nothing else that I'm focusing on for trades. I've already had a good day. I'm up 20 000 and my retirement account and 34 000 in the main account. So I'm up 54 000 on the day.

Uh, well, just yeah. about fifty four thousand and uh, at this point we'll be watching the Rivian. IPO So hyped up IPOs are usually IPOs that I like to at least watch and trade if possible. You know those are like Snapchat Uh, Robin Hood Alibaba Facebook um uh, Airbnb uh, what are some others doordash? I don't know.

You know the ones that are hyped up coin that people are talking about and Rivian is absolutely one of them. and I'm just listening on a news feed just to hear whether or not we get any more information about when we're gonna. IPO So at this point Uber Yep, that's another one. So at this point it's just waiting and um, hoping that it IPOs Relatively soon, we don't have to wait too too long.

so we'll see. Initially, we were showing 125 120. now it's showing 105. indicating 105.

All right. So to do a little um, due diligence on this, so Rivian um I'm gonna have to update this so because it hasn't ipo'd yet, um, we'll get more info on that tomorrow. Let me go to Um I've got another window here. let's see.

Yeah, see even. Bam! SCC doesn't have anything for them yet Ruby and flow. So I believe the flow is 132 million shares now I believe 153 million thanks Benny Foreign Okay, so um, that's that's not too bad. that's not.

Um, it's not really a problem I Mean you'll get Tesla Obviously the float's very high. so um I believe there's a lockout period. Can anyone confirm how long it is for Insiders it's very common. Uh, that there'll be a 180 day lockout period? 180 days? Yeah, okay, that's what I thought IPOs can be very volatile.

There's no question about that. So we can see big pops and then big drops because it's opening. High Folks and these would be funds. large funds, investment funds, and even retail traders that were able to get shares early or chose to get shares early at the IPO price would be able to sell.

They wouldn't be. Um, they're not an Insider necessarily. Uh, Amazon Inc Said it's set to double down on its Rivian investment by purchasing additional shares during the IPO according to Cnbc's Fill the bow. Interesting.

So what will happen is all of a sudden quotes are going to be ripping and it's going to be. It'll just be trading and I'll be looking at the price and then at that moment I'll be looking at the candles and what was the high of the last candle. So if it opens and immediately starts ripping up and I can see the halt level and I think it's going to go into a halt then um then that would be very bullish. I Don't know if that's going to happen.

Halt levels are at 10 percent. Uh, so that would be a you know, a 10 16? you know, 10 10 plus Point move. Um, so from 106 up to 125 120. but of course you never know.

So if I saw it like that I might just buy on the ask with the hotkey as it's as it's going up. However, the risk with doing that of course is that sometimes they'll pop for a moment and then they'll flush hard. right? All of a sudden you start to get that cell and the bottom falls out. So if that happens, um I have to be.

you know, really cautious. That could be that first. Whip And then we could be looking at a dip and a rip setup. but even then so this is my as well.

Uh say this is as good a time as any. Remind folks, trading is risky. Trading IPOs is especially risky, especially when they're hyped up like this. I'm an aggressive Trader My results are not typical.

You shouldn't expect that you'll achieve anything as a Trader You should actually assume that you'll lose money. And with that assumption in mind, don't trade money you can't afford to lose and practice in a simulator before you go live. So this would be a great type of stock to practice trading in a simulator see whether or not you can make money. but IPOs are the Wild West they're very in the sense that they're so volatile, they're just so crazy.

and we've seen IPOs have been very, very strong. we've seen IPOs that have been very, very weak coin IPO um was not the strongest. Let's see how far back I can go back here. This was pretty brutal on coin now.

I did Squeeze before it rolled over, but it definitely rolled over hard and it was on the day of the IPO So let me see how far back this will let me go foreign enough. That's fine, right? That's that's right though. Coin was a little bit different showing 105 51 right now I um on this one. So in my main account I have four times Leverage so I can and in my retirement account I have cash only so I can take four times as much size in my main account as I can in my retirement account, but half of what I make roughly not exactly half, but close darn enough close to it.

I was going to go to taxes so it um I don't know it's on the other hand, if I do have a loss, I can write off the loss against my gains and because it's a riskier type of stock to trade in general, might make sense to use the main account that way. if I do catch a loss I can write it off against gains so maybe I'll focus on the main account and if I do end up getting a really nice trade, then well pay tax on it. Yeah! I see our RN XT going up there. You could do a direct rollover into like like let's say you have a long-term retirement account with uh I don't know Charles Schwab or TD Ameritrade or something like that.

you could do a direct rollover and to an account like light speed which is really good for trading. and then when you have excess profit, you can do a direct rollover back to the other account. You know that type of thing that's very common? That's what a lot of people will do. So yeah, rnxt reclaiming V Web: This one is really choppy earlier today, so I'm not really interested in trading this at one in the afternoon.

Has to do something pretty exciting for me to want to trade it. Well I can write off the losses against the gains I already have this year in the main account so that because I already have profit. so if I take a loss then that comes off the top. Not familiar with Dcgo from 10 to 11.

it's the news on Benzinga I wasn't sure Ray I I couldn't recall I thought that sounded right but I wasn't sure if you're right on the year then and you don't have Mark to Market accounting I think you can write off only three thousand dollars, but then I think you can carry the rest forward. but I'm not I'm not an accountant so I I can't say for sure still showing right now over 100 at 106.25 So that's the quote right there. 106.50 Foreign 107 So yeah um uh. my thought on it is kind of watch the first couple ticks and if they're strong and it looks strong then jumping in.

but if we immediately open and we see like a 1 million share seller at 107. let's just say you know if I see that then well you know that's going to be a problem. So I'll just be watching. okay watching.

Starter just added right there. Now looking for 108 and 110. there's 108. honestly this is a really slow IPO This is an extremely slow IPO I Sold one 10801 It's 12 million shares of volume but very slow.

IPO Usually we see a lot more volatility than that. The high was 108.89 so high was 108.89 13 million shares of volume. so you're seeing some sell orders go through. Added right there 107.

Now the curling for the break. Back through the high watch for 108. add it right there. 109 took it out for 6 000 New Order 110 There's 200 000 shares for sale at 110.

I Sold at 109.86 added back at 110. let's see if it breaks 110 and then we get 112 115 Nope selling for now, back out at 110. Oh bummer. So there was that big seller right there at 110 and so I was in at 110 and then got out at 110.99 Now you've got a high of 112.91 Look at the volatility though.

so new high is 112.90 New Order goes at 113. add it back at 112. there's 113 on the ask. Let's see if we get through 113 and 114.

added 13 partial fill. Now looking for 114 and 115. high is 114. sold for uh, six thousand dollar loss.

Back to flat on the name. Hi, that candle was 113.90 dipped down. there was 109.. So as far as IPOs go, this one's not that exciting.

This is kind of boring. I was hoping for more than this. It feels heavy. You know it's 130 million share float, but it feels even on the IPO day.

If this is how it trades on the IPO day, this is the day that's supposed to be probably the most volatile and so far our range is, you know, 105.50 to 113. it's only eight points I really would have expected more and the one minute chart's not very clean. it has that Highway up there 115. So back down here supports 105.50 That could be a dip, but it's kind of boring so it was up six grand.

Gave it back I added at 113 55 or whatever that was for the Breakthrough um, the high here 114 stopped out on the dip at 109. So watching for a possible double bottom off of 105. that at least would be a good dip. Entry point: two million shares of volume also seems a little low So that's its first five minute candle topping tail.

big upper candle wick. The web is showing 109.28 so hi, there's one 109.84 If it can break back over 110 watching, there's a seller stacked at 110. added at 110. let's see 500 shares only.

let's see if it breaks over 110. and then curls back up to 112. So it did pop there for a second. I'm only holding 500 shares, hit a high of 110.50 and then dipped back down.

so it needs to break 110.50 So there's 110.50 Come on girl. sold at 11. I is 1107. 11 10.

back to 10 60. Yeah. I Was hoping for some parabolic, like exciting price action on this. Kind of a bummer.

Well, that's the Rivian IPO don't like that red. Candle on the one minute I Don't like the topping tail there here. it's coming into resistance descending. If it can break over 114 and 115, then we've got something more interesting.

but it should have already done it. So the high rate there is 1 12 56. Girl, you're pacing. Go lay down.

go lay down out. Um, is 114 of this candle, so I'll take a starter there. Just a thousand shares. let's see if it breaks through 14.

and then 1450 up to 15.. high of this candle is double top now. yellow, ascending, uh, descending support is right here. see if it comes back up to it.

So the five minute chart since that candle closed pretty big. over 114. for 115, we might see a move up to 117 118. so see how it pops right back up there.

So now watch 115. If it breaks 115, then we're looking for 116 117. It's starting to pick up a little bit here, putting my order at 115 to add added there 115. Now for 115.50 look for that continuation over 116 next ad, then 117.

so watch 116. add it right there. 116. took some off the table going through that level, holding 800 shares, sizing down a little bit.

Now on the Breakout average is 15 11. that has me back at break even. Took the rest out flat so our new high is 1669. nice dip.

got bought up back over 1650. Could be a retest of 17. the one minute's not perfect for that unless it's just a micro pullback. So at Quick long there 500 shares for the break of 117.

a little chop sold it, break even or for a small loss high is 116.80 New Order 117 Quick long there for the break of 117. than looking for 118. Cutting it for now 1608 pulse breakout There it broke but then pulled back so you see it pops back up. which is good, but it's hard to trust when you get these false breakouts.

Nice. Good job I Didn't feel comfortable taking big size on this one. Um, it wasn't just wasn't as good as I would have liked. and the volume now is declining a little bit.

17 on the ask. So a quick little trade there. Is it going to get to a point where it starts to pull away and move faster? I Don't know. Quick long at 18.

then look for 18.25 We'll see if we start to accelerate over 1850 added to 1845, there 500 shares. now looking for a move up towards 19.. so see how it's moving higher here. it's curling up.

so look for 1850, then 19. there's 1860. not seeing 19, yet. there's 75.

There you go. Nice. So it's starting to pull away a little bit here. High 119.

41 9.50 Next Level To watch might have resistance at 120. quick ad there. Now at 44, there's a bid stack at 26. So now let's see if that gives us a squeeze up to 120..

No, it's a bid stack, but it's thinning out. See how it thinned out Like that 100 000 share buyer? Look at that flush 1590 low. So now you've got a five minute high up here at 119.45 but a pretty sharp pullback here 113.90 I'll do a dip at 14.98 so that's a dip after that kind of hard pullback and then we'll see if it curls on the 10 second chart back over 15.. So there's back over 15.

average is 14 16. but sold for small gains. So yeah, all things considered, this is a pretty slow IPO It's not the fun exciting IPOs that we've seen from other stocks. Got some action on it, but you know if I hadn't given back the 6 000 on that drop right there.

But once we had that kind of drop, it was like oh, now it's hard to trust. should have got should have been stronger. Then you got another drop right there. that one from 119, back down to 115 four point flush.

A little dip off the low, but nothing that exciting. It should hold this 113 90 114 level because that was the previous breakout spot. so that's why I was dip trading off that level. Hello there, 14.

nice Dan good work. So up uh, 57 000 between my two accounts today. only small gains on Rivn, but green on it at least so that's good I'll take it and that's the first 10-15 minutes of the IPO Not super exciting right now. No more trades for me, so we'll be back at it first thing tomorrow morning.

right around 8 30. Morning Show Live broadcast and hopefully we see some good opportunities. You know, if I was feeling more aggressive I could take a dip trade there. But yeah, what's the point? It's just not really worth it.

There's not enough excitement on this one I thought Given how hyped up it would be, it would be it would give more than this. So I don't know. surprises me there but that's just how it is. Sometimes sometimes the really hyped ones that end up just being kind of boring.

so good job for anyone that got green. If you're red study study tomorrow's a new day.