All right everyone. So um, we're gonna go over the game plan for the week ahead here and um, hopefully this will help you guys as you're kind of, um, trying to figure out what's been going on in the market. So if you tuned in yesterday I did a uh weekly recap because this week was pretty fantastic I Finished the week up uh well this was the last uh, the last five days. So the first week of August 68 000 in profit it was phenomenal.

5 000 Monday 28 000 Tuesday 26 on Wednesday 2200 on Thursday and then 6 500 or so on Friday over traded a little bit on Thursday was up as high as 10 or 12 000, finished the day up only 2200 and then fees and commissions were um, higher on that day. So the big action uh from the previous week of course was driven by HKD this Chinese IPO that topped out on Tuesday Let's see Wednesday Thursday Friday yeah Tuesday with a high of 2 555.30 I have never seen a stock go up that much. Now the reality is I didn't really make that much money on it of the 68 000 I made and I'll just switch here. Um, so let's see that was from so from uh, the 68 000 in profit right here.

which by the way, as always, my results are not typical. Make sure you take it slow, there's no guarantee you'll find success as a Trader So um, practicing a simulator before you put real money on the line. But uh, the 68 000 that was, uh, only eight hundred dollars was from HKD The rest was from sympathy momentum and we had some great sympathy Momentum last week. But what are we going to get this week ahead? All right.

So for the week ahead, I'm thinking that we should probably Focus initially on stocks pre-market tomorrow uh Monday morning that have breaking news Those were actually the biggest winners that I had on Friday Thursday was a little choppy. Now we do have Meg L M E G l also a Chinese IPO I tried to buy a thousand shares at 55 or 50 on um Friday and I filled two shares went up to a high of 235. So wow and it ended up closing at 198 which is kind of forming a very bizarre cup and handle pattern. this big cup the handle.

so this could be a long over 198. But the daily uh, this one daily candle because it was an IPO is a shooting star. So approach it with caution Again, this is probably going to be like HKD not worth trading and just going to be too risky. but it may trigger sympathy momentum.

In any case, I Think the game plan tomorrow is going to be to sit down and watch Breaking News because I Think the thing is, if a stock has actual news, that's going to give us the highest likelihood of some good opportunities because the thing is I think there's going to be still fomo Momo traders that missed opportunities last week that want to try to capitalize when something starts to move. but I think short sellers are going to be a little more aggressive since it kind of feels like we're on the back side of this HKD move. So I think to combat that having a stock that actually has news is probably going to be the safest bet. So tomorrow morning, sitting down, you know, 7, 7, 30, 8, 8, 39 we're going to be watching top and bottom of the hour for breaking news headlines.

we had Ahpi on Friday this one had news and squeezed from 220 up to 333, right? So that one ended up being a really good news trade. Oh, over a dollar a share and that was my biggest winner of the entire day. It ended up coming up in the afternoon or late morning as well. but really, that was sort of that.

that algo Spike right early in the morning. seven. uh, it was right at eight. A.M So I think that that's what I'm going to be watching tomorrow.

So when I sit down tomorrow I'll be looking at the scanners, looking at the top gappers, watching to see what's moving and then at the top and the bottom of each hour. I'll be closely watching my high a day scanner because that's going to show me the stocks that are moving up right now and stocks moving up right now when it's at the top and the bottom of the hour pre-market are typically moving up because of breaking news. So that's what I'm kind of thinking. Now if we end up having you know if Meg L at 4 AM spikes to like 400 a share or something and then by 8, 30 or 9, it's fading back down.

I Don't know if it's holding up and it looks like it's going to do a gap and go and do something similar to HKD. You know I I might take a little bit of risk on it, but I'll also be watching closely to see where we get some sympathy and momentum. Do we have other stocks that start to pop up because there's a lot of traders that as much as they they might like to trade HKD or Meg L they simply can't afford it. and so they're going to wait for the next stock that's squeezing up that's within their price range and they're going to hit it hard.

So actually, here's a big takeaway: This is something I was thinking about, Um, yesterday. I Think this is a market where you want to be able to get on the throttle real quick and gun it. Go hard when it's hot and then ease right off real fast when it starts getting choppy. So like when we're on a straightaway and we've got a couple of Big Momentum stocks.

that's when I'm gonna gun it I'm going to be aggressive I'm gonna go hard and then we start getting into these really curvy, choppy kind of markets. I'm just gonna ease right off I'm going to hang low, sit tight, just let things sort of chop out, so be quick to ease on the throttle and then cool right back down when things get choppy. it's a bit of a hot and cold market right now, which is certainly better than the market that we were in uh, three or four weeks ago, which was just cold. At least we're getting some action, but then you know it's it's a little bit of pop and drop where you see something like, uh, some of these stocks that have hit the scanners wafu on Friday for instance which I didn't trade but you know it pops up and then drops back down.

Uh, eeiq. I mean I don't know I didn't look at this chart, but you know, pops up kind of drops back down. Now you can make a little money on pop and drop action. Uh, obviously you're not going to do as well as on something like a Qnrx that just keeps ripping.

So a Qnrx, this is like the straightaway. This is where I think you're going to want to try to be as aggressive as you can do. You know, get your lead on this type of stock and then when it starts to get choppy and we're just seeing things immediately reject, then ease off, slow down and wait for the next one that's clean. We probably do need, um, the next sort of big Momentum stock that's going to be driving the action.

Uh, obviously Pgy was driving the action for the last. Um, you know, starting around July 22nd, the 20th actually July 20th that had gave us a really strong finish to the month of July and then HKD took over and now I'm wondering what's going to take over from HKD Is it going to be Meg L Is it going to be something that I don't even know yet? I'm not sure but I think there's a lot of Traders out there that are that are excited after these last couple weeks of action. and so when you see something starting to move up, people are going to jump on it pretty quickly. So that's kind of what I'm thinking.

um I of course you know I'll continue to use the scans here I'll put a link uh on YouTube and I'll put it in the comments as well. Uh, we're inviting people to use the Day Trade Dash Software Email invitation only. so we've got a VIP list. Uh, the day Trade Dash software here will give you access to all of my scanners.

the Day Trade: Dash Chat room: A standalone chat room and uh, my audio video broadcast so you can watch me trading. Now, it's not exactly the same as the old chat only Memberships we had over at Warrior because now we have this scanning software. So day trade Dash really is um uh, the scanning software more than anything else. So let's see Um, there you go.

All right so you could join the wait list. There's a link in the Uh pin to the comments here so if you want to join. We've opened enrollment for monthly membership and also for quarterly memberships so those will give you access to the scanners, the news feed, a standalone chat room, day trade, Dash, chat room, and my audio video broadcast. All right.

So let's see um and you know I'm as far as like some of these big stocks go, and the overall Market these the large caps you know your Tesla stocks I don't really think too much of that. um I'm happy to see you know Tesla's back above the 200. I Think that's great. The S P 500 is still below the 200.

Apple is above it. so you know we've got some stocks which are um, you know, leading the way a little bit and the S P is kind of coming up with it, but we'll see it's been. you know as you can see a pretty choppy day on Friday sell off up, back down, back up, back down. Coming into this wedge, we'll see how that breaks out on Monday so you know we continue to have some Market data um economic data that comes out.

we had jobs numbers on Friday That kind of threw things off a little bit, but that's the overall market. and I I Don't think that that's going to have a really big impact on the small cap stocks that I typically am trading. You know these are stocks that you know they're small cap companies when they have news they Buck The trend of the overall Market you know HKD is it's totally own thing. Uh, the action we had on Amtd Qnrx A lot of this was sympathy.

Momentum Envb So you could check out the episode that I recorded um yesterday as a live broadcast if you're curious about um, what happened to my volume bars here. gotta add back volume if you're curious about some of the stocks I traded last week. Um, but I thought I'd give you just sort of my my breakdown and assessment of what I'm thinking should be the game plan for the week ahead. So I'm going to try to be aggressive when we're seeing opportunities and when things are choppy.

I'm just gonna try to sit on the sidelines and just wait for um, you know, wait, wait for things to open up again. So something like Envb going from 8 to 15, you know that was a really nice clean move. Yeah, AMC GameStop these type of stocks. Um, you know I mean I like I said I don't really have any strong opinion on these either as far as day trading them is concerned.

I Don't think that they're really particularly easy to day trade. so I'm not I'm just not really that interested. Um, you know they're they're more swing trading investing uh type of stocks. I think at this point so let's see.

um I think there are a couple other things I wanted to go over I'm gonna have a episode this week where I'm going to talk about some of the indicators that I'm using on my charts to help me avoid false breakouts so you guys can stay tuned for that. Um, I have a uh, a podcast episode that we're going to release this week. so I'll give you guys some info on that. I Also have a video that's going to come out probably uh I can't remember when we're gonna publish it, but um, maybe tomorrow on.

That gives you kind of a deep dive into the scanners on day trade. Dash how we built them what we look for criteria things like that which scans I like the most and kind of how I'm using them. so uh, yeah, so those are some. Those are some things uh to look forward to this week.

I'm hoping that we see some good action. I am going to be on my traveling trading station Tuesday Wednesday and Thursday but I'll be in the office on Monday I'll be in the office on on Friday this is my home office. Whatever. but uh, that doesn't really change anything, you know I trade on my traveling trading station all the time.

So let's just, um, just. well then you know that's my schedule. Oh and I'm donating. um let's see fifteen hundred dollars for um the video from yesterday got a bunch of thumbs up.

A bunch of people shared it and I kept track of that I said for for those I would donate to charity. um for each thumbs up and share. So donating 1500 bucks for that um from yesterday. So thank you guys who hit the thumbs up and are helping the channel grow.

Really do appreciate it. You guys are making a huge difference. Um if there's any questions you can feel free to throw them in the chat and I can answer a few here. Let's see.

um. Tire Kicker. So my tire kickers um, videos. It's a fun side project, but um I was working on it more in.

um, let's see. it was in, um, kind of like the 2019. like very beginning of um of 2020 And the problem, um, that, uh, that I just had was when we went into this, um, you know, Covid lockdown and everything else. um things just got super super busy and I wasn't able to.

um you know I just wasn't. It wasn't easy for me to schedule this stuff so you know it's a fun project. I'm I'm super into classic cars and and older cars Um so I like making these videos when I have some time but things have just been um, busy. so just a side project.

You know the cool thing with these videos like you know, this one on this 1969 Mustang Um, you know this is. um I mean it's such a classic car. like people can watch this video for forever. So I'm not going to do videos on like you know, a 2000 22 Honda Accord that no one's going to care about in a year and a half.

Um I only will do videos on old cars that I think people will enjoy for a long time. So it's kind of like a little archival project. you know, find a cool car, do some videos on it and then that'll help people for forever that are interested in that car because these are you know, pieces of History 1966 Corvette This one's a fun one. So anyways, yeah, you know it's like it's like a hobby.

Um so and then I have the tire kickers blog also. but yeah I just haven't had a lot of time for it. Recently it's been pretty busy with Trading having no stock to take the elevator up and the stairs down recently. Um so I mean yeah.

I guess we've seen a little bit of that like in some ways Ahpi was like straight up on an algo Spike and then kind of stair stepping down so some of them have gone straight up on um, you know an algo Spike yeah uh, they can then stare step down. but I mean we've also seen some, you know stocks take the elevator back down too where they just flush hard. We had Apdn that did a couple really nasty rejections. um this was so brutal.

This one up at uh, seven dollars it broke seven, went up to 735, drops down to 626, halts down. it's just stupid kind of action is terrible. Can't stand it. SO trading account.

Um, let's see an account of seven thousand with a PDT rule. So you know if I if I had I mean you know what I would do is different from what other people would do for a million reasons. But if I had an account with 7 000 and I mean I do have a Cmeg account that has 4 000 in it right now and I've been I haven't been trading in it, but it's the small account from the last challenge I did and that's just what's in it right now. so you know for me, I would probably use one of the offshore Brokers out there because I would want to be able to day trade it more.

I mean I just know that that's what I would do because I want to day trade as much as possible. Okay, that's me other people would say. Well, there's risk with offshore Brokers you don't have the insurance. you know, just inherently they're riskier than using a US broker.

But if you use a US broker, you either have a cash account and you trade with fifty percent of the balance every other day. Which means you're taking a 3 500 trade each day that you know that's you could buy a thousand shares of a three dollar stock and in theory you know you made 15 cents. You could make 150 bucks and you could do that every day. But then the problem is what happens if the stock that's moving is like 12 or 15 and you can only buy 300 shares and well, that's not really gonna be enough size.

Probably to do enough damage on the trade to make enough money and you're gonna start to feel frustrated and so I'm gonna be kind of cutting yourself short. I Don't know, that's just my opinion, but you have to do what's right for you. And one of the advantages with TD Ameritrade or some of these other Brokers of course is free commissions. Executions with small size are defined.

I mean they're not as quite as fast, but they're they're not bad. Um, let's see. All right So I lag? Yep, Yep. So yeah, you ended up getting a little after hours.

Move on that. So that's definitely worth watching. Continuation on. Um, good call.

The pivot that I was looking at was at, um, you know, 438. So now that you're above that level, thanks to that after hours move, you've got room. Your next level of resistance is 578. It's a little close to that, but then above there, you know, technically you've got no resistance till 26 on the daily.

so it does start to open up. Um, could be interesting. Flow's pretty low. Recent IPO Maybe I'll keep it on watch for tomorrow.

We'll see it's a possibility. so we'll watch that. We'll watch Meg L Qnrx and I'm not interested in that one. That one's done.

They did the offering came back down too much and that's a risk. We've reverse split stocks. They'll do those offerings. So um, well.

I think I'll do. I think I'll let you guys go and I'll give you a link to the video from yesterday's week in review because that goes into detail on reverse splits and IPOs and the trades from the week. and I'll put another video down here on scalp trading so you guys can check out those two videos if you want to keep um, studying a little bit more tonight. and I'll see you back here for the morning show first thing tomorrow morning.

All right. I'll see you guys in the morning. Thanks for tuning in.