🔽Time stamps:
0:02 $SAVA buying the dip on premarket gapper
2:00 $SDC dip buying. $DPW $CEI penny stock pump short
4:02 $MTP penny stock daily gap up long. $WAFU gap up short
7:04 $AGTC penny stock runner. $SNCA $CUR gap up short
📧 GET my Daily Watchlist + Trading Plan
▶︎ https://humbledtrader.com/watchlist
Sign up for my FREE weekly watchlist
▶︎ https://forms.aweber.com/form/72/1017244872.htm
Interested in my private Day Trading room? Join the wait-list here
▶︎ https://forms.aweber.com/form/12/122701512.htm
We had a slow start to the week with many low volume premarket gap up stocks. Played $SAVA and $SDB by buying the dip. $MTP was a failed premarket gap up buy for me. Some other good penny stock gap up shorts were $WAFU, $SNCA, $AGTC
The big mistake this week for me was not being aggressive enough buying $AGTC and $CPAH when these two small cap penny stocks were running on the daily.
📊Day trading strategies mentioned:
How to grow a small Account Day Trading?
▶︎ https://youtu.be/tff0PS0zcig
How to Read SEC Filings When Buying Penny Stocks
▶︎ https://youtu.be/d55SAYjBHd0
How to find & buy Penny Stock Runners- Reverse Split Strategy
▶︎ https://youtu.be/vJ5AgtHNnCY
How to buy the bounce? Dip buying
▶︎ https://youtu.be/2LAEfvae_cI
🖥️Recommended Trading Tools:
Benzinga Pro FREE trial (use code "HUMBLEDTRADER" for 25% Off)
▶︎ http://bit.ly/2KXeAqH
Trade Ideas Scanner (use code "HUMBLED15" for 15% Off)
▶︎ http://bit.ly/2mYKie2
Get My Trading Set Up & Favorite Trading Books
▶︎https://www.amazon.com/shop/humbledtrader
🇨🇦Questrade Canada (get $50 FREE commission trades)
▶︎ http://bit.ly/2GoeUMY
💰Get a FREE stock on Webull, $0 commission trading app
▶︎ http://bit.ly/2Lhtd9X
For business inquiries only, you can reach me at HumbledTraderBusiness(at)gmail.com
📊Follow me on social for more updates:
▶︎IG @HumbledTrader
▶︎Twitter @HumbledTrader18
#daytrading #pennystocks #stocks
__
DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.
Humbled Trader FAM count: 39,700

So it's a slow start to the week. I had was watching a few cappers on the day, but, as it happens, we have too many low flow to CalPERS free market and usually when that happens, when we have too many gaffers that kind of distributes all the buying power in a small cap traders world. So that's why a lot of times when that happens, all the Gabor's are likely to fail, and my number one watch wasn't Sava. I was looking too long on a washout right, because is the 16 million floats a parabolic daily chart set up what I'm looking for a sell-off to buy the dips and two bounces as per their Watchers, the real levels? I was waiting for, say, 50 and a seventies and we didn't get a 70 stir a lot later over here after 10.

15. That's why, on the front side here before it hit my levels, I was small size just scalping around just making some small gains in a small gains. They do add up. This took a lot longer than I had expected.

I thought this stock was gon na, sell off right from 9:30 s and then 8:00 70s early on that's what was I was planning for when we never got there. Let me know just got a no trade and being reactive and not taking to bigger size, as I scaled in some long and adding in on the wash and sell into the pops and then way and proved to be so weak and couldn't hold the low of The day, that's why I cut my long here and actually shorty. That's why I covered really quick and then right here is where long, the bounces even bigger, because this is one of the levels I was waiting for in case it go cracks red and now so I was rolling the wash and sell into other rips didn't quite Catch the top, but it was a really slow day and everything was just kind of grinding with low volume. So I didn't want to outstay my welcome so a really small wing on the day there's nothing much else I was waiting for.

It was the number one watch for me. I can only trade according to my plan and when you didn't know wash down two levels I was waiting for. I just have to react with a lot smaller size, so it was actually quite a slow day. For me.

I didn't trade anything until like a lot later. I was watching apop, but the borough feasts on that which is too expensive, and I didn't want to spend that money because I'm cheap, it was like 50 cents a share and I'm not gon na do that. So I only took three trades today and they were all relatively small size and small scalps, just because nothing is what I really really like. I long some SDC on the morning.

Panic sell-off long hear 917 scaled in some more around 965 and bounce it. For you know, 30 40 cents, nothing big here and I also took a starter and long on the swing site. But you know it's tanking now after hours, but we'll see what happens when you have a swing position, you need to let it work for a couple of days and reassess and you start with building your positions right. So this is a small starter size, we'll see how it goes.

The next stock is DPW, so this one was a midday pump. I don't know who pumped it, but I saw it a former runner and also you know a lot of bag holders on the daily charts which you can see right here. So that's why I was scowling. In short, I wish I caught the top here and the orders out didn't get filled.
I was waiting for it to go to two 50s to 40s to 50s, potentially so I scouting after it broke $ 2, gelding short just small size, nothing huge because it's a midday short, it's not something. I like to do. That's why I'm really quick to get get out as you can see, and I missed so much downside, but that's okay and the other one a CI, this one, I'm so glad I only scalped it because it ran after hours to four dollars. But I was scalping here around you can see.

I took some starter and adding some more when I see a lost selling on the tape around to 70s, and I was covering into 259 248 and the best cover was 242 and I just left it alone. For the rest of the day, so I'm days like these when there's no a plus setups and there's nothing that I'm really that excited about ice ice down. I'm really quick to take my profit, so we're gon na start with the loser on the day. First MTP.

So there's some wires long bias on this and I was started loaning pre marker. So you can see right here because I saw up a lot of room on the daily chart. Risk/Reward wise these kind of penny stocks that once it goes from 70 cents to a dollar and breaks and holds a dollar a lot of times. We see this kind of stock going crazy on the day, something we've CASL and and a few other stocks, like f c/e, l.

So that's kind of like the idea i had on the stock and know if it breaks and holds a 120 dollar level. We can go to 170 and potentially, you know 190 even two dollars, but you know it didn't work out because you can see. I started lonely in premarket, very small size. I was ready to add on the dips.

I was risking this $ 1 20 mark. This is a starter size and added in some more and once it breaks below this pivot line that I've drawn before hand and reclaims really strongly with this kind of volume. That's why I added to even bigger size, but again it didn't work out this. This breakup failed, as you can see.

I gave it some time and I just start cutting after it broke below this video up, because no, I couldn't break above the pre Micah highs and it couldn't squeeze even with this kind of volume which I was watching. So I had to cut this one for a loss and eventually the stock continued selling off for the rest of the day. So that's a loser on a day, but the other better trade was wafu wave foo. I shorter this one with trade 0, which i don't have open right now, but i have the screenshot.

But basically I sure do this nothing to full size, but you know a decent size to get some okay profit, but nothing huge Jimmy just because the poro fees are so expensive. At trade 0 I started shooting around the spike towards the pre-market highs. I was looking forward to adding a little bit more, but you know I want to see like to be safe and just to prevent myself from adding too big I'm a stock. That's going crazy.
All the way to, as you can see, this one went all the way to $ 5 and $ 6 in November. So I want to size accordingly, and I want to make sure that it's confirmed that it cannot reclaim key levels before I sizing. So it was reconsidered of with my ads here. I never got to full size even with this ad here.

So at the end, it turned out to be a small winner, tortha here around 360s cover. Some here cover some more here and we added some on this weakness and cover some more here here here. So I was actually pretty happy with my patience with this one I covered the last cover was around here and I was all out by this point. That was a nice little winner on the day.

This week has been pretty choppy in terms of the follow-through and a lot of stock, just poppin drop, and we had a lot of midday pumps, so God be careful and got ta, be you know, nimble with kind of trades. I take the sizing I take and kind of need to nail and bail unless the setup presents otherwise like wafu, so the stock that caught many people off-guard today, I'm sure, was a GT see. First of all, the stock was up on some pretty fluffy news. It's reporting a six-month data from its own, going face one and a half clinical trial in one of its drugs.

So I eyesight related drug. So that's pretty fluff news and also, I believe they have outstanding as three. But the fact is that the stock was easy to borrow, so I think that's the one factor that made that squeeze a lot higher and the stock was also holding its daily gap around this six twenty dollars level. So you know, technically speaking, has a long room to go and I think that's why the new buyers, pile down and the shorts were getting squeezed left and right, because it's easy to borrow everywhere else.

I so how I treated this is. I had a small wing unit and I took a loss on the short side. So let's talk about it so two in the morning when I saw that I was starting to hold there's six 20s level once twice in a third time before the market open. So that's why I was thinking okay.

If we hold this six twenty Staley cap level, you can see right here, there's a visual gap on the daily it's holding this level. If we hold and we don't break down, we have room to go to seven dollars. Seven. Fifty and eventually even higher right and while it didn't work right away at the open you can see.

I took some long hair really small size, because I want to see a break and hold the seven dollars area when it proves to be a lot of selling around that level and couldn't hold that's what I took my profit long. So I wasn't short here. I wish I can say all short here. No, I wasn't short here.

This is a long trade here and I just kind of left it alone, because you know the selling wasn't that accelerator for me to confirm a short until it breaks down the six twenty set of all, and that's why I went short here. I was sure here because you know the same technical analysis. If it breaks down the six 20s, the 80 level has room to gap-fill on the downside to 555 dollars. That's why I took a short here and my thesis was that if it actually breaks down that support daily level, it's gon na flush quickly and when it starts holding up and reclaiming this level.
That's why I was like you know. I know I am okay. Taking this loss, it's okay, it's a small loss. It's okay! You sing in there.

My past recap videos. I mentioned that I don't like to flip the other side. If I was alone before, when I flip short, I'm always usually a lot of smaller size, in vice versa, if I were short before in the morning and if I want to go long in the afternoon, it's a much smaller size. So that allows me to be not make any stupid mistakes and the small size allows me to cut quickly if I'm wrong, and that's why I was able to cut so quickly, take this loss and move on and go trade other things.

There's no point being stubborn and being squeezed all the way like you know, I'm sure many people did today because, first of all, it's easy to borrow and also owe daily gap its up too much right, and the news was just not that great. But you know we got a respective charts, respect the price action and get out if you're wrong. So that's why you know I avoided trading this all the way in the afternoon, because I would be lonely in the morning it shorted and gave back some profit. I want to go back and make more mistakes again.

So, even though I took a loss on the second trade and gave back a lot of profit, I'm actually really happy with how I stuck to my playing and stuck to my discipline and I was able to cut the short run recognize that was wrong quickly. So next trade s NCA. So this one was a pretty decent, pretty market short, and I wish I held longer, of course, but when starts holding a pre market level - and I just kind of starts watching other other stock - and I was waiting for pop. But I never popped it just kind of dumped right at the open, but the stock s nca used to be see.

You are so a lot of these thrashing penny stock companies, they'll just change the ticker and thinking that oh people will forget what our formal former name was like, but now to see you are, that was a former junk stock and that's why the Scapa failed. So nice little short here from 180 sixes and all the way down to 170 and 150 s, and of course you know when all the way without me, but a small wing is still away this one okay. This is probably the worst trait on the day, even though it's a small loss, but I was looking for a dip by around this nice, 17 sort of all, because there's some support right here, nine seventies level and higher than that. There's some small support around this 1020's area, so I was waiting for after it breaks down the 10 20s.
I was waiting for this area to add so I starting small and this wick literally just touched 976 and just took off, and that's why I was thinking. Oh, you know why I want to wait a little bit longer to act because I want to add to full size. I just had a starter, small sigh song and went pop so quickly, and I was watching I think, trading a GTC. I completely missed this and didn't take my profits, because that was a nice little fully cent pop.

But you know, III turn to ride. Looked at its back at $ 10, and I should have just cut it man like seriously, and then you know I at the end, I cut it when finally flushed down way was so heavy and turned a nice little winner to a nice little loser. So I guess I'm the loser on the day here, because this was not a good trade, even though it's a small loss on smart starter, sighs, I should have taken that profit man, so this week has been extremely choppy, so I had to be really really patient Where I'm trading and be careful with my sizing - and sometimes I get a little bit too patience as you can see here on clvs, but still happy to end the day with a small, green and let's see what tomorrow brings.

By Stock Chat

where the coffee is hot and so is the chat

26 thoughts on “How to day trade premarket gappers $snca $agtc $mtp $cpah trading recap”
  1. Avataaar/Circle Created with python_avatars LuzMar Ball says:

    Hi Humbled Trader, thank you for sharing your knowledge and experience. How could I avoid setting my mind for one direction only? Many times at AH analysis my mind is expecting the market to go either up or down the next day, but it goes the other way and I wait to see it going the way I had in mind. Thank you.

  2. Avataaar/Circle Created with python_avatars Kanny Looi says:

    Hi, I used robinhood and I can't day trading, can you make a video about how to swing trade and how to find a protenial stock for swing or for long ?

  3. Avataaar/Circle Created with python_avatars Life, On Earth As It Is In Heaven says:

    I’m new to your channel and I really look forward to your videos. I am new to penny stocks and I have been scalping penny stocks around $0.30 for a penny or so. It works but my one question I have for you is what price range offers the most consistent gains. What range do you trade? Thank you for your time! 🙏

  4. Avataaar/Circle Created with python_avatars Tony Love says:

    Humble Trader do you know when a stock is under a dollar what is the time period before they get delisted too an OTC stock?

  5. Avataaar/Circle Created with python_avatars Jones Walter says:

    have lost the $10,000 in my demo account, i have used a lot of strategies i saw on youtube and read up online, but its rare to make any wins, what will you advice me to do as a novice, which startegy should i focus on and master

  6. Avataaar/Circle Created with python_avatars John Winn says:

    I am just trade my stocks_trade_2020 and double my acct 50K after watched all your videos and applied right away on my stocks_trade_2020.Cheer

  7. Avataaar/Circle Created with python_avatars NIO says:

    Been in a 2 day swing trade long with ADAP with gap up today to $6 then entire day fell to day low $3.90 and now holding the bag. Will hold again overnight and maybe get a nice pop in early morning and make back some value in the trade. Got to make something as this really moved on the news. I should of sold this morning first thing but my big mistake so far was holding then buying more on the dips. It just kept on falling OUCH. Got you beat today tempurature wise Humbled Trader with Vancouver at -7C and here in London Ontario +4C 🙂 Time for a tea. Cheers

  8. Avataaar/Circle Created with python_avatars Marc Abramsky says:

    What is the account size? Risk parameters if you are wrong? It is an excellent analysis but you have to remember the gap does NOT guarantee a close. It can open and head the other way too depending on the number of traders positions one way.

  9. Avataaar/Circle Created with python_avatars Jeremy Hall says:

    I've tried to sign up for your watchlist and chat but the confirmation email won't come through. 🥴

  10. Avataaar/Circle Created with python_avatars lotto says:

    $CCCL $CIFS $CREG can easily double or triple in the upcoming days due to the phase one China trade deal signing on the 15th. I'm up 33% with $CIFS and 35% with $CCCL and will swing trade these to the end of the week.

  11. Avataaar/Circle Created with python_avatars Nelson Lee says:

    Great recap HT, you were right about Beyond Meat. It went up after it pulled back. Nice call 👍

  12. Avataaar/Circle Created with python_avatars 2RipChic says:

    Made live trade on ADAP, 13 shares, with my $200 equity balance, a speculative play, on this former runner, after the washout, thinking it could ramp a lot, and I got in 3's but was too choppy for me, so I got out, lost $13. I logged back in at lunchtime, and it was at 5, lol. I missed all the major moves 🙁

  13. Avataaar/Circle Created with python_avatars John doe says:

    Can you please do a video about what your mentor teached you it can be longer or in many parts if you do this i promise to go back and like all your videos 🙂

  14. Avataaar/Circle Created with python_avatars madridista1611 says:

    Why is there a short selling fee if you are daytrading? isnt the fee only if you hold it overnight??

  15. Avataaar/Circle Created with python_avatars Jero Cornejo says:

    Hello Humbled Trader! Im a little bit desperate now and came up to ask these questions since i cant find answers in internet after researching them. (If someone can answer my question please leave a reply thanks!)

    Okay my questions are:
    1. Is there a way to find historical data of FLOAT in a SPECIFIC DATE?
    2. Do you do automated backtesting(like amibroker) or just manually backtest to perfect the strategy?
    3. Is there a way to find TOP GAINERS, TOP LOSERS in a SPECIFIC DATE?

    Im 17 years old and planning to open up a trading account when i turn in 18, im studying trading since 16.

    I badly need those answers and if someone can help me I'll be very thankful. Thanks for reading!

    Liking this will help alot to be noticed!

  16. Avataaar/Circle Created with python_avatars Michael Dean says:

    HT! Should beginners trade during premarket? Fantastic summary for the week. We really appreciate you breaking down each trade even your loses.

  17. Avataaar/Circle Created with python_avatars Dan Man says:

    SDC. The low of day found support at 50dma that day. I know u got in later for swing but would have been nice taking partial profit on your excellent entries early then letting the rest ride

  18. Avataaar/Circle Created with python_avatars Alex Xander says:

    Easy. 95% of these names are pump and dumps and will be back well below they gapped to in a couple of months at most. Look for a good entry to short them, which can be easily determined by using a 5 minute chart.

  19. Avataaar/Circle Created with python_avatars Grimm Greysson says:

    Fantastic video. Thank you for your transparency on both your winners and losers. Really solid stuff 🙂

  20. Avataaar/Circle Created with python_avatars Mike Salisbury says:

    Great Recap, very insightful with the thought process of the probability of the squeeze with that one low float based on easy to borrow. Looks like your using DAS? Is that with IB? Just wondering as I am from Canada as well and want to find the right broker here to trade these small caps. Already have TOS and IB, not much experience with stock though, mostly options. Not sure if I should look to an off shore broker or just use IB with DAS? Any insight appreciated

  21. Avataaar/Circle Created with python_avatars TraderJoe says:

    When I am looking at two and am in one , I put in a target profit sell order in and then never miss taking a profit if it squeezes fast and back down while focusing on another ticker. Hopefully this week will be full of volatility and volume

  22. Avataaar/Circle Created with python_avatars Brap Pitt says:

    Hey humbled, can I ask you, when you were learning, how many hours would you spend on your days off to study trading? 🤔

  23. Avataaar/Circle Created with python_avatars Rei 12 Figures says:

    That’s funny, I often find myself doing the exact same thing. However, I wasn’t aware of companies renaming themselves. Interesting 🤔

  24. Avataaar/Circle Created with python_avatars H Vo says:

    Wow 20 give-away Lambo spots were taken so fast. my fat finger is so slow to sign up. Wait for next giveaway

  25. Avataaar/Circle Created with python_avatars Bruce Collins says:

    thanks for another great video. I am not quite ready to trade like this yet. I more choose the slower route- dividends and index stocks, but I wish you all great fortunes. Probably the most speculative thing I do is pre-IPO equity. Great video as always, HT! You rock

  26. Avataaar/Circle Created with python_avatars XX YY says:

    I ran into the same thing trying to trade too many stocks at once; I had to keep going back and forth and I missed some of the action I intended to take part in. Thumbs up!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.