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0:03 CBAT, PLL, INO, UONE
5:13 APM, SPCE, NIO
9:00 ITRM, CTIC, CTEK, NNDM, PECK, NIO
16:22 ENLV, SLDB, RKT, DKNG
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It was great to end September with a pretty balanced market in the small cap stocks, while large cap stocks remained choppy in consolidation mode. Same key movers this week were PILL, UONE, APM early on. And then during mid week we had many low price penny stocks between $1 to $2 gapping up premarket and then squeezing out of the gate, such as ITRM, CTIC, CTEK, NNDM.
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So we had a pretty wild start to monday. The leading gapper was pll, this stock, that up some agreement with tesla to producing the part of the lithium batteries, and the stock you know, is pretty crazy. The close was at eleven dollars on friday this morning. In the stock pre-market around thirty dollars, you know forty dollars.

It was already up two hundred three hundred percent. So that's that's pretty crazy to think about it. The play was on the short side earlier. Sorry guys, i'm like i'm a little bit.

I pulled the muscle pole dancing today so like it hurts. When i talk, i think i'm gon na get it checked up. Sorry i wish i can sound a little bit better, but if i pick up my voice with my tone, like my my does, my obliques hurt it's it's kind of tough to talk right now, but nonetheless pill. The i had some long and the the only long.

I had was over here right at the open of the volatility hold. I didn't intend to get into the halt, but at the opening was reclaiming a very key level of forty dollars and that's why i went in long and after the gap up you know the um hold. I want to sell into the hold make sure i do that because it rejected right away in the stock i slammed back down. I did try the longer, but once i realized the price action is very, very heavy.

I flipped short and you can see after the the short entry we stayed pretty much very weak. We had some small consolidation covered some into this, but i was kept on adding into the flush because i think we could see at least you know 27 or below, but i was out of it around 20 90 60s, because the spread was really thin. I was like 50 cent spread and then i did have some re-entries and then and re-entry short, and i stayed out of it after reclaimed, v-wap and midday. I usually stay away, anyways, so small wing on the long side, but the gains on the stock was mostly under short, the other stock was c-bat, so this one actually started running pre-market.

You can see, after a huge gap down from market sell-off. Sorry from the stock sell-off on friday - and i was short the stock on friday, so we did do a dead cat bounce in which the stock you know, ran from one two dollars to 360.. So i was actually doing my live. Screening live screening and watchlist planning with my chat room pre-market, and when i saw this, i actually took a small pre-market size short around the 320s.

I didn't catch the top, but the idea wasn't to catch the top right. The idea is to watch for a rejection and going short, which i did small size free market again. Whenever i trade lawnmower shorts pre-markets, usually pretty small 320s. We got some nice flush to three uh.

Sorry, two. Ninety sixes and they'll also out of the pre-market size around 280s. I was thinking we're gon na reclaim threes and hold for a while. But after seeing that broke down, we stayed very heavy at the open.

I did have a re-shorts around 260s and was all out by two s: two sixteens, so this is a small winner, but they all add up slowly right and it's pretty much stress-free, because it's a dead cat bounce. So, as you know, it's a stock. I longed early on made some money on the long side and they give back some of the re-entries just because it did pull back a lot further and i thought i did gap them due to fda, putting one the the vaccines on hold and the stock. You know, crashed from 17 all the way to 10.
I was long early on because i didn't think we're gon na get a bounce, but i actually got way too early. As you can see, the stocks went all the way to thirteen almost fourteen dollars, but you know once this lower high setting. That's where i started scaling short cover majority into you know 12 60s, and it was all out here. I did have a really short around here, but i didn't stay that long for the secondary shorts and the stock kind of just faded off all day.

Another small secondary short is u-o-n-e. This stock was actually one that wasn't. I was hoping for a major squeeze move today, but pre-market was extremely weak. You can see, you know we gapped up on a short squeeze from all the way, uh six dollars.

All the way to you know nine dollars. You know even tens. Sometime after hours on friday, you know some short sellers got squeezed into clothes and they had a pretty bad weekend, probably but um the stock faded off a lot and that's why pre-market had to have a small short, nothing big, but i was covering before they opened At the open that covered into the drop around six dollars, the starter was about 750 covered some here 680s. Also out here i did start re-shorting a little bit too early on the stock.

Ssr was triggered, so i did know that i did think that they're going to try to squeeze up. I just didn't think it was going to be this much if it actually held the red to close red to green, close area around 650s. I would have gotten out for four loss, but the stock actually rejected, and we just you know, sold back off into the five nineties and had a really short tier. So i guess the best trade was the first one and then later on it got a little bit sloppy but still ended up with a small green.

Just because you know i was scaling in very very slowly so pretty much a scratch trade for me. Didn't really have anything much going on to scale into for some reason, there were no locates available anywhere, not saying that it isn't long place, but a lot of the squeeze move already happened. Pre-Market such as 8 pm. You can see they squeezed it up, pre-market and the stock just faded off, and we had like a dead cat bounce.

That's why i shorted into it. Locates were really hard to find and also very expensive, so i didn't have any size at all. So i'm using a small small, tiny size on the shorts that cap balance, as i just mentioned, we hold it up after the unhold i started scaling short had a nice average about 1150s covered most of it into tens, reshorted some here and was all out here And this way i thought you know we could get an all-day fade like we did later on, so i went in with a very small size, partial position and kind of just want to let it work and near the middle of the day around noon. You know starting to curl and starting to have some more volume.
That's why i thought you know. Maybe this is gon na squeeze and i don't want to get caught in another. You know upside hold like in the beginning. So that's why i cut it off and literally you know, i cut it off at the top, as you can see, just kind of you know sells off down to five dollars from you know ten dollars.

So it's pretty sad, but still you know it wasn't like it was going to be anything big just because i didn't have that many shorts located available. You know it's a very, very small one, small loss spc this one. In hindsight i really messed up. I had a nice entry around the consolidation around twenty dollars.

It was very weak. That's why i was thinking that once twenty dollars break down, we can go to potentially you know nineteen dollars, nineteen fifties and i even added into the the 1960s thinking that we're gon na you know fall off even more, but once it starts reclaiming that's why i Realized that hey, you know like the trend is reversing market was starting to pick a reversal direction to the upside. So i you know, i covered a little bit too slow too, but at the same time you know like today was one of those days where i was watching a lot of smoke caps and didn't get to play anything. So this trade ended up being a small loss.

You know in hindsight this is where i should have covered my shorts, obviously everything's clear in hindsight. I should have stopped out a lot faster, maybe here and out of it around 20 range, but i kept this loss. Pretty minimized, so it's okay, pretty much a scratch trade at a scratch day. After you know the wing and the small wind and the small loss.

You know there isn't anything that big one final trade to end the day is a pretty decent and very clean dip by neil. You know, stock was strong. You know, trending up all day long cut the dip from you know, 21 down to 20.70. I had a nice long, trade very clean.

You can see. I entered one entry, i was pretty much all out around. You know. 20.

99.. I thought about keeping some overnight for a long, but recently i've been having trouble sleeping and i feel, like you know, like a potential swing. Trade yeah potential profits, but it's not really worth sacrificing my sleep. So, at the end i just took it off and of course after i take off it's gon na gap up higher now to 22 dollars, maybe, but no regrets at all it's a very, very clean, deep buying trade and uh.

It's a it's a setup that i really really like. So you know pretty light stay for me. I'm still kind of recovering from my from my muscle pains, but hopefully tomorrow you know small caps stop doing these kind of elbow squeeze mold and where there's no locates and there's no long entries just kind of want some clean, trending action. Okay, so a very, very nice way to end september.
It started out really slow, but things picked up a little bit near last week and today was great as well. I hate it when you know most of these gappers are these like super cheap names like a dollar two dollar stocks, they are a little bit more difficult to trade, but you know beggars can be choosers right. At least we have some sort of low float momentum going today so itrm i was actually long early on pre-market the stock closed at 65 cents and uh, you know pre-market was trading around 142. This is one of those one of those types of stocks that you don't want to short too early, because these cheap names it's very easy to manipulate and a lot of times they like to do this kind of shenanigans right out of the gate.

The float is relatively small same as the market cap. You know. After the hold up, i did sell some pre-market first hold up. I sold all of it into you know towards two dollars.

Two dollars mark. You can see some daily resistance levels. That's why i sold all of it. You know yeah, i could have gone to.

You know 240s. 230S, but you know i didn't want to risk a halt down which it did happen. That's why i went. In short, this is what around like almost 10 o'clock.

I shorted the holds down you know, so i was not involved. No position on this candle this candle, but after the unhold, i think, is the third hold so first hold second hold third hold was a downward hold, and that's why i shorted into it. I covered up most of it from you know, two, two seventeens down to two eighties. Pretty nice, i mean i started scaling back shorts had some here shorter on the pops.

I was out some of it around 1 19.. It did hold up again, but you know the unholds. They got rejected really quickly. So that's a sign telling you that this is really weak.

I was out most of it here. I wish i was better at trading. These super cheap names, because a lot of times they give a lot more downward move. Like you see, it went all the way to a dollar, but they're they're also really tricky, and that's why i kind of tried to take the meat of the move and move on is because of this stock like ctic, so similar price range you can see.

You know just like a lot of chop all day. Every time it looks like it's gon na fail, it spikes back up and then you know and then reject again and then fail the again. So the these, the cheaper, the names are around two dollars: one dollar, the more easy the easier it is for insiders, manipulators market makers, to manipulate it and to prop it up or to drop it as they want to, and that's why i could try to. You know be a lot less patient with these ones.
I was all short on ctic. I started some here pre-market. I saw all these shorts and i tried to scale back in. You can see.

You know shorted shorter, on the spikes rejection from the highs and then you know we keep on holding this two dollars mark and we won't break down. That's why i covered most of my short positions stopped out on the rest, and i had this tiny scalp here. I'm a lot more conservative when i aim for these base hits when it's a dollar two dollar stocks, because when they rip they could do an ndm like this one. You can see.

You know it seems like it's: gon na die, pre-market, went through three dollars and it starts holding this 2.30 smart and then we just kind of started squeezing all the way to 330s and then pretty much gave back 50 and more of the gains and came back To you know 260s again, and you can see it tried to do the same kind of spike again into the clothes and after hours as well, and that's why i tried to take the meat of it and scalp short on this name around. You know two sixties had a nice two sixties average also out. You know for that tiny ten cent gains. But if you have some size you can you know you can get some pretty nice scalp moves same as this one.

You know shorter 290s and also about 280s, it's good to go lower to 270s, but you never know with these things. You can see you know after it's so sold off to 270s. It reclaimed it and then squeezed back higher. So that's why that's the reason? I'm more conservative and kind of like just like ing out of these positions on the cheaper names.

Um the loser on the is mrna, so this one actually tried to go in long and, of course, i'm usually short biased on the stock. But today, when i thought it could be a good long actually rejected and sold off, so you know it is what it is. So this is about a little bit just under a dollar just a little bit more than a dollar per share loss on the loan side starter. So this is how i keep my losses.

Small and i have a starter size in almost everything. I do. The very big winner on the long side is neil, so this one you know remember yesterday on the recap: i talked about loaning it around 20 70s and sold into the clothes anticipating a gap up, but i didn't hold anything overnight just because i want to sleep Better, but we did get a nice gap up of over a dollar share very nice. I didn't want to chase the breakouts, because i know how this is how neo trades i want along the dips on this.

You know you can see a clear daily double bottom. Basically, almost bottom ticked it on the long side so into the push towards v-lab go back in, but once we start holding with higher lows, that's why i went back in long. I was never sure the stock. I was so long on the stock on the dips.

Anticipating a squeeze and because the stock tends to do that and the price action was consolidating for a nice squeeze which we got and i even added into the squeeze by the majority of my shears was sold into this breakout move right. I don't buy breakouts. The breakouts is when i sell i buy down here down here in their consolidation and i'm selling into the people who are chasing the breakouts. Essentially, so, basically all my position, i did try to go back thinking that oh, we might get another squeeze, but when we didn't get that you can see, i cut my re-entries really quickly.
So that's how i limit my losses when there's a clear rejection of highs. So very nice long trade, um neo did i talk about mmdm. I talked about it. I am citic the other small name, ctek very similar to ctic.

The name sounds very similar. That's why i'm all short on the stock. It's a very clear pump name! Look at the daily chart. Look at all the other stocks running at the same time around the similar price range, so it gave a lot of very good opportunities on the short side, the majority of my shorts were pre-market.

These were just secondary, like tiny, tiny, three shorts, for you know some small gains to pay the bills right, so small size were very stress-free, waited for on the back side after a clear breakout, failed, shorter, the bounce, the v-wap and very, very clean and stress-free. This one is another one that added up nicely even with small size. High range high volatility. This is the kind of stock i love to trade.

Momentum name was spiking. Look at a daily chart right, clear resistance around nine dollars. It's a low float stock, so yeah, it might spike to you, know nine seventies, nine eighties, but when it keeps on rejecting this nine dollars, i know that it's it's gon na fail. It's gon na fail.

It's rejected once here rejecting again, even after this kind of squeeze still couldn't keep holding nine dollars and that's why we got a nice fade break down to 890s 860s, but majority of my shorts were covered around 820s. So very nice move and it definitely added up pretty decently, for a very nice way to end september. So today is the first trading day of the new month of october started out a little bit choppy on my side. I did a couple of trades.

That's just a little bit messy sldb is one of them, but i took a break. You know ended with small win on the small grain in the morning session and came back and made a few a much cleaner trade. So i'm really happy about that. But sldb was one of those morning trades that i just didn't do that well on.

I was actually overall bullish on the stock, but just like the way it trades from the four dollars already all the way to six dollars right at the open. That's why i decided to short, you know, even just a starter size you can see on the short i got squeezed out it covered, and this is where i actually went in long. I went in long here actually got stopped on the first long and then, like i re-entered again and like made some small profit. So it also just wasn't that clean.
The idea was really originally too long closer to four dollars, but you know like a lot of times when these stocks and just take off and never dip back down to four dollars until much later on when you actually broke down, then it's not alone anymore. So i had some decent nice dip buys and sold into it and once it stayed heavy actually had those tiny, tiny, scalp shorts you can see. I showed it here around 5 15 and i was out of it for like 470s in the stock. Later you know 10 to 430s and even lower by the end of the day, so, but wasn't that clean of a trade for me and the same as dkmg this one i was actually you know loan bias, thinking that it's gon na you know trend, and you Know start holding 60 ones and go higher, and i mean it did but much later on after it stopped me out a couple of times.

You can see not a very clean trade on the sticker. For me - and this is this: stock is historically being really choppy and i should have been you know more conservative and more patient. It just didn't work out. You can see.

I was long the starter longed out of the starter, every long starter, you know we had a nice breakout. I was thinking okay, well, i'm going to loan a dip and for in anticipation of this kind of move right, i thought this move was going to happen over here was wrong stopped out again. I tried it one more time. It just didn't work so death by a a thousand papercuts on star trek on dkng, so read down this name so, but the other few trades i did was much cleaner.

Rkt was one of them. I was long. I heard the news and you know if you look at the chart on the downtrend breaking a very clear level of 21 and once this 21 starts holding, that's why i went in long sold into the breakout. I tried to re-enter again didn't work out so, but i stopped out pretty quickly on my re-entries on the long side, but overall it's a much cleaner trade than dkng in general.

So that's rkt made money on the long side. The biggest trade on the day was enlv on the short side. For me, this one, you know. As usual, i took a loss, pre-market, small right, pre-market size.

It's fine. I had another small pre-market shorts here around 10 40s. I covered the pre-market position into 960s and at the open over here and at the open and when we got the nice spike to 11's. That's why i, you know, started shorting again covered most of it here and we hit some small on the back side here and i know it had a squeeze out of nowhere.

Thankfully, my size was okay, so it last allows me to be more patient and see how it plays out. If we start holding tents and start grinding up, then i'll stop out of my re-entry on the short side, but it didn't stay pretty heavy cover some. I actually re-added backing shorts a couple more times here. Try that again over here and near the end of the day as well.

So overall, decent trades today started out a little choppy and there were a couple trades that gave back some profit, but that's kind of the name of the game. In trading you win some, you lose some. What matters more is that the risk is managed and you come out green keeping your losses relatively small and your winners, a lot bigger, hey guys, thanks for watching. I hope you enjoyed the video and the bad jokes.
If you want to see more day, trading content make sure to subscribe and follow me on twitter and instagram for more. If you'd like to trade with me daily and get my free weekend, watch list and trading journal make sure to check out the links below for more resources. Stay, green, stay, positive and i'll. See you guys next time,.


By Stock Chat

where the coffee is hot and so is the chat

34 thoughts on “How to trade premarket gappers- enlv, itrm, ctek, ctic, itrm, nndm trading recap”
  1. Avataaar/Circle Created with python_avatars LS LS says:

    You need to do a new video on ITRM! Massive increasing volume today and good gains!

  2. Avataaar/Circle Created with python_avatars Al Mishal Capital says:

    Hey humbled trader I know that is better to sell your long positions on ask to get the best price. But when you short a stock do you cover on ask also or on bid I know I made it little complicated 🌚

  3. Avataaar/Circle Created with python_avatars Lorenzo Valdez says:

    Fun fact if u made a channel of pole dancing you could probably have the same amount of subs

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

    When you say you trade small, how many shares are you entering at?

  5. Avataaar/Circle Created with python_avatars dedge511 says:

    I Love to watch your self reflection process. It is super helpful to me to practice reflecting on my trades and learn where i misinterpreted the charts or situation.

  6. Avataaar/Circle Created with python_avatars Mauricio Perez says:

    EVERY DAY YOU CHECK SEC FILLINGS FOR EVERY STOCK YOU HAVE ON WATCHLIST?

  7. Avataaar/Circle Created with python_avatars Jose Mendezfumero says:

    Pulled a mussel pole dancing today?

  8. Avataaar/Circle Created with python_avatars Juan J Rios says:

    Cash app has a limit of buying and selling in a day is that for all stock trading apps? I know you already answered this question if so sorry to bother you

  9. Avataaar/Circle Created with python_avatars Tharki Thulla says:

    Your 1 year p and l statement live please 🙏🏽

  10. Avataaar/Circle Created with python_avatars Rich G says:

    Can you make a video on watchlists. Is there a strategic or a particular way of using them?

  11. Avataaar/Circle Created with python_avatars Dexters finance musings says:

    If you are not trading as often because you are using a different style what would you be doing. Would that help the pain you have.

  12. Avataaar/Circle Created with python_avatars Ben x says:

    What is your hotkey script for shorting in DAS? Sell Share Bid +0.05? Something like that? And when SSR is on what do use instead?

  13. Avataaar/Circle Created with python_avatars Donald Hernandez says:

    I just caught yellow fever….. Yum

  14. Avataaar/Circle Created with python_avatars Carlos A Moreno says:

    Hoping you'll fell better soon. 🙁 – Yeah, quite a day. Awaiting for fiscal stimulus pin action and then recoil to get a feeling of the upcoming election… Stay green.

  15. Avataaar/Circle Created with python_avatars Martin Jr says:

    you talk about your pole dancing as a exercise. i think that your followers. might like to see you film some of your exercise routine.

  16. Avataaar/Circle Created with python_avatars Savalis Adkins says:

    hey H.T. hope you feel better with your pulled muscle. Those are a pain.

  17. Avataaar/Circle Created with python_avatars Ömer Öz says:

    Hello teacher, do you think it is easier to analyze dax or is it easier for Abd indexes? I want to specialize on indices. How can I learn. Thank you

  18. Avataaar/Circle Created with python_avatars Jeremy Ong says:

    Hi! Do you usually place hard stops or have a mental stop loss? How do you react when you see the tape potentially working against you? Do you still keep to your mental/physical stop or exit the trade prematurely? Thanks in advance!

  19. Avataaar/Circle Created with python_avatars Hugh Manniti says:

    Wait what? Pole dancing? I can't be the the only one that want's to see you shaking that booty on the pole

  20. Avataaar/Circle Created with python_avatars BobPlayz says:

    You might not be aware that sometimes you talk over us rookie's heads. I need to take all of your 101 courses to completely understand what you're saying.

  21. Avataaar/Circle Created with python_avatars JD B says:

    Damn, I still have a lot to learn.

  22. Avataaar/Circle Created with python_avatars Shareef Abul-Ela says:

    Hope you feel better that sounds painful.

  23. Avataaar/Circle Created with python_avatars JD B says:

    How do you research a company offering an IPO like STTK?

  24. Avataaar/Circle Created with python_avatars Brian McFadden says:

    You said you buy during consolidation not breakout. At what point do you buy during consolidation? Been a member of your chat room for a few weeks. Glad I joined. Maybe one of your
    videos covers this topic and I have just not got to it yet.

  25. Avataaar/Circle Created with python_avatars inside genious says:

    do you also invest in the rest of the world ? in Japan for ex ? or just US / Canadian companies ? :v

  26. Avataaar/Circle Created with python_avatars miust says:

    Hey! I am new to this channel,
    why don't you record yourself trading live and later add explanation?
    It should not interrupt you, just capture the action and later put voice over the video 🙂

  27. Avataaar/Circle Created with python_avatars Marco Cabrera says:

    I hope you feel better thank you for taking the effort that I'm sure was not easy to complete this video. I really do appreciate everything you're doing.

  28. Avataaar/Circle Created with python_avatars Aakash Shrestha says:

    Hi humble trader. Just want to know do u day trade high market cap stocks like google or apple?

  29. Avataaar/Circle Created with python_avatars Vipul Kapoor says:

    This was a pretty difficult week. Had a lot of loses but it gave me some ideas to improve my execution. I can see my strategy is sound but my execution needs improvement. Hope the market is a bit more forgiving this week. Im still very new

  30. Avataaar/Circle Created with python_avatars Just Look at it says:

    With all that Lamborghini money should have money to buy a 1080p monitor or better. 🤣🤣🤣

  31. Avataaar/Circle Created with python_avatars Andrew says:

    I’d love to be one of your students. How long have you been doing this?

  32. Avataaar/Circle Created with python_avatars Jade Crypto says:

    Thank you for hustling and sharing valuable information with us 👍🙌

  33. Avataaar/Circle Created with python_avatars Frankie says:

    Is the CMSA certificate legit and do you think it's worth it ?

  34. Avataaar/Circle Created with python_avatars Adam Muniz says:

    Love to see you do a video on price action…a.k.a candlestick patterns.

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