What's up everyone? All right? So we're gonna go over my trades from today. This was a roller coaster of a day. I I Wasn't expecting it. but you know what, after a big uh move yesterday on Msgm, it wasn't Maybe too surprising that emotions were running pretty high in the market.

There was a lot of fomo I had fomo too, right? I I mean I made that um video yesterday while I was driving. you know? Listen, I was feeling frustrated. Msgm made this huge move yesterday. goes all the way up to 30 a share.

Uh, but you know I was able to talk myself down yesterday and I did not trade it after I you know said I was done which was good. So I strengthened that muscle of discipline. Uh, but you know that muscle. it was tired today and so this morning when I sat down um and it's like 6 48.

this is what happened all right. So I am on my traveling trading station today and I sit down I was like I want to be sitting at my computer at 7am because yesterday Msgm you know made a really nice move at 7am and I like just missed it. So I was like nope I have to be in front of my computer by 7am today I wasn't really thinking that I would trade Msgm I was thinking that maybe there would be another stock. Uh so anyways I sit down you know I pull up my my scans and I see that Msgm is the leading gapper and it's a like 45 a share and I was like whoa immediately I was like no way and it was squeezing.

It was moving up like right then. So I opened my platform and I'm like it's like 6 59 I mean I'm like okay it we're coming right to seven. It's squeezing up now at Seven A.m That's when a lot of retail Brokers come online which is why we often see a squeeze around 7 AM or we see volume at least. Uh so anyways I press the buy button and I try to buy 3 000 shares but at 50 bucks uh I get a partial fill.

uh it goes up to 51. I add more. at 51 it goes up to 52. I add more at 52.

I'm like here we go, it's game time and then right here 7 A.M it drops seven dollars a share and I was I I was like beside myself. All of a sudden the bid like was gone and it's down to 45 on the bid and I'm like whoa whoa whoa whoa whoa whoa whoa. Which has happened. So what? I I got I got kind of caught up.

uh, in the momentum and it's squeezing and I pulled the trigger and what I wasn't thinking about in the moment was the fact that you know this was a second day of Momentum on Msgm. Day one, Fresh Momentum brand new stock at 7am, people were piling into it. Day two: at Seven A.m there were people who saw it pre-market going higher but weren't able to sell yet because their broker doesn't let them trade before 7. A.M So what we ended up having at 7am was some profit taking.

So it drops down, it comes back up and I added I was like okay I I Still think that this is going to break through I wasn't expecting that. so I add to the position, it goes up to a high of 51.60 It's not able to break through the pre-market high of 54 52.64 and so I stopped out there for about a fifteen hundred dollar loss. Now that's not that bad. Uh, it's not great, but it's not.

It's not terrible, especially considering the fact that my unrealized P. L I was down seventeen thousand dollars at the bottom of that Candlewick and I was like okay I've been here before, you know I've had some big losses I've had some big swings I wasn't expecting this to happen. but listen, you gotta buckle up because this is the type of stock that's going to trade in a big range. So I didn't panic I was able to see it through it comes back up here and uh so I I got back in so I added to the position here and then this red candle I stop out and I take I take the loss I'm down 1500.

then I get back in at the top of this candle here I'm like okay here it goes. It looks like we're gonna break I get back in at 50 2000 shares it hits a high of 51 and then it flushes down to 49. hits a low of about 48.50 and I was like uh oh this is going the wrong way I stopped out at like 40 48.75 and I stopped out like basically at the low. So on that trade I lost three grand.

So now I'm down 4 500. I get back in again. Here it comes back up to 51. I get back in at 51.

and it doesn't go and I get out real quick and I'm down right around 5000 on the day on Msgl. Well uh, what a quick what a quick way to um screw up your morning. That all happened very very quickly. So this is at let's see so this is at about 7 10.

all right. So then I see mgam is hitting the scanners and I was like okay you know what? Let's let's take a pause for a second Msgm. it's it's very expensive and the spreads are killing me because I'm getting in at 50 and then I'm selling at 49. right? I'm losing a thousand dollars on the one point spread like instantly.

So I saw Ms I saw Mgam squeezing up and I was like you know what? let me let me switch gears. This one is, um this one's cheaper and it's a Little Bit of Sympathy to Msgm. So I jumped in this one and I was able to make a 1200 on it 1299.49 and my first entry I got in I'll show you right here as it broke this level right here I got in in this candle and I got in a little high I got in it for uh 35. So if you look at this candle you could see that it hit 435 and then pulled back.

That micro pullback was where I got long and it broke over 450 goes up before 70 goes up to 480. It ends up going up to a high of 485 which is pretty good. It's like a 20 move so I made 1200 on that and that brought me off of that five thousand dollar Max loss to down around like 3 800 on the day. then um I'm still watching Msgm on my other chart.

so I've got you know I've got my traveling trading station set up. so I've got a couple screens and so then Msgm, uh son of a gun. it breaks over this level here of 52.64 and it rips up to 54.38 and then to 55 56 to 60 goes all the way up to 64 and I was just like unbelievable. This is a little frustrating so I get back in at 52 as it was breaking out right here.

but I was scared I was pretty timid because I had just been at my Max loss. So I got back in at 52 I get right out at 53.58 Uh I got back in at Uh 54. I got back out at 54 30. these are really like small share size so I'm just like picking off like really small winners because I'm nervous I just caught like a seven point flush I'm scared.

now it's up so high. uh then I get back in it. it goes a little. obviously it goes a little higher so let's see my next trade on it.

I get back in at um, let's see 64. So this was during this pullback right here: I get back in at 64. and I add 66.65. and then all of a sudden once again the bid drops and I'm like panicking for a moment.

So I get out of the position at 66. I'm Green from the 64 entry but I'm red on the 6665 entry and then it rips up to 67. it's a high of uh, this was topping Tails where it hit 66.71 and tips down. then it hit 69 and dips down and I got back in at 69.44 I sell it at 68 for a dollar and a half loss per share that was on like 500 shares 750.

Then I get back in at 75. and it goes up to 79 and it hits a high here of 80. but again with small size and so the long and short of it is I'm down fifteen hundred dollars on the stock and I feel you know kind of frustrated and a little stupid that I managed to lose money on it. uh you know and I gave this whole talk yesterday a fomo and then I sit down at 7 A.M and I'm slamming the buy button and I just I got caught up in um you know that it was squeezing up and I was like here we go so that was not great I went right to my Max loss and of course unrealized I was down 17 000 bucks for a second there and when it hit the low of 45 and I didn't cut it right so I was sort of deer in the headlights because that would have been the biggest loss I've had.

uh honestly, probably since like I don't know uh March or April last year you know I've been doing a pretty good job keeping my losses small so but you know when you trade these higher priced stocks when they have these big spreads it can get. it can get away from you quick. So this is sort of what I said. so I so then it's pulling back here and I'm like okay, it's definitely still on my watch list.

we're holding up. We're in a bull flag. We've got some descending resistance, but you know this thing. this might go.

We might get a trade on this through 73 75 up to 80 and if it breaks 80, we might see a hundred. So I was like it's early. Let's just sit tight. I had recouped my some losses.

um I was still down 1500 on Msgm but I'd made a little bit on eBay I made 1200 on Mgam and I made a little bit unedible. Edbl so I was actually up like 1500 which is a pretty good recovery. Um I'll show you the Ebet trade. so Ebet totally sympathy.

Momentum: Um, this one was, uh, squeezing up sports betting. It's a stock that's you know. We've traded a few times over the years and it squeezed up pre-market from 1.50 all the way up to 221. pulls back again at the open.

it goes up to 250. So I traded it on this first squeeze right here at 8 am. All right, an edible Edbl this one I traded on this Spike right here at about 8 30. all right.

So then Vs comes along and so so first of all, so I I gave out a little bit of a um, some caution on uh Msgm I said. you know I'm starting to get a little bit unsure because right here it at about 8 20. it ended up breaking down here so it was looking like it was doing an ABCD pattern right. A pop-up a pullback, pop up a pullback and then we go.

But in ABCD pattern should not break the low oops of the pullback, and the low this pullback was. you know, right around 61.50 So when it broke that low, it was there stepping down. So I was like this isn't great and we were seeing some momentum picking up on you know, other stocks mg, Am, Ebet and then Vs started to take off. Um, it had some news that came out and it started to take off at about 8 30..

So all right, so I traded Vs and as I was trading Vs I mean this action was crazy. It goes from 70 75 or what was it? a low of 68 cents? It rips up to a dollar 74. and I bought it. My first entry was on this candle right here as it was squeezing up, but what ended up happening was some big sellers came on the level too and kind of like pushed it down.

There was a big seller that some people bought, but it was like reloading and then dropped it down. another five cents and then another five cents. So I was like Wow someone is selling some serious size on this stock. Uh, and they're selling it within like two minutes of it popping up.

I don't know someone was ready to sell. so I'm just gonna back off. then it rips back up here and blows through the high of 74 and I was like I'm okay. wow, that's crazy.

I'm getting back in and this thing rips to two. I added 215 I added 245. it goes up to three dollars and 25 cents and I was like I think that's the high right there. that was crazy I mean the thing went up like 400 percent.

it hit a high of 580 at 415. so you know all of a sudden out of nowhere at you know between 8 30 and 8 38 we got this crazy move and I booked some really nice profit on it. it then pulls back and I got back in for the breakover three right here and we get a squeeze up to 415. and that was where I hit my high a day at 6561 which is where I'm sitting right now today.

so made 5000 on Vs which considering it went up 500 is kind of like a little not a lot of profit. but anyways I I was sort of. you know today was a day where I went right up to Max loss and then I sort of sized down, got more conservative, tried to just do quick quick little base hit trades. get in, get out, get in, get out and I'm grateful for where I'm at today.

So I'm not gonna beat myself up too much. but so this is why I said on uh on Msgm I was like you know what? Okay, it's 8 30, it's 8 45 what's our obvious stock today? Well, Msgm made a huge move for sure. But here's the problem. if I want to buy 10 000 shares of it at 60 a share, it's going to cost me 600 000 to place that order.

So I don't think we're gonna see a lot of 10 15, 20, 000 share buy orders going through on this stock because that's a ton of money. In other words, I don't think we're going to see a lot of volume on today and if we don't have a lot of volume, it's not going to be able to break through 75 or 80 a share, you know. So I was like I'm beginning to worry that it's too expensive to give us this big Breakout And let's also not forget that it's up three thousand percent in the last two days and that they have a shelf registration. So they had a shelf registration right here which was dated uh February 1st 2022.

So that shelf registration gives them the right to sell more shares on the market and I said Now let's also think for a second, the news yesterday was a private uh was a debt to equity swap. So an investor paid off a million dollars of debt that the company was carrying in exchange for about 330 000 shares of the company. Now 330 000 shares. Um, the closing price of this the day before the move was like three dollars a share.

So basically they got 300 000 shares at market price. But the news headline was like you know the company's paid off its debt, regained compliance, and all of a sudden it squeezes up to you know, 24 or 27 a share yesterday. So yesterday I was like that person who owns 300 000 shares is up 20 points. Holy moly, that is a lot of money.

They're up millions of dollars. Six million dollars, right? They put in a million dollars. They got three hundred thousand shares. and when that thing hit 13 a share, they're up 10 points on 300 000 shares.

That's Three million dollars. Hey, that's crazy. When I hit twenty three dollars a share, they were up Six million dollars. Whoa.

And then this morning when it hit 60 a share. Eighty dollars a share. Wow, That is some serious money. I Mean if they didn't sell, they were up 77 million dollars for a second today.

But there wasn't enough volume to sell 300 000 shares at 80 bucks. Uh, However, I said if this company doesn't tap their shelf registration and do a secondary offering, it's borderline negligent because the stock is up three thousand percent. I Mean let's just think if they sold a million shares at 50 bucks, they would raise 50 million dollars. And yesterday it had 40 plus million shares of volume.

They could have easily sold it, had 50 million shirts of volume yesterday. They could have easily sold a million shares yesterday at twenty dollars a share and raised 20 million dollars. and considering they just took this you know Equity to debt swap, it seemed like they probably should. So I said all that and I was like, you know the combination of the price, the fact that they I think need the money, they have a shelf registration.

it's up three thousand percent in two days. I'm concerned that we're gonna see a secondary offering and even if we don't see a secondary offering I don't think we're going to see the volume to send it higher, especially when there's another stock like Vs that's capturing attention. So I was like I'm done with it and not five minutes later I'm watching the level two and all of a sudden I'm seeing these prints and it's dropping secondary offering. So they ended up selling a hundred and eighty three thousand shares on the open market direct priced at the market at about 20 21 a share.

So they raised like four million dollars. I Think they could have sold a lot more. Uh, there was easily the volume yesterday that they could have sold a lot more. They could have raised a lot more and they may regret and having not done that because you know this stock has just had its best two days ever.

I mean this. This just doesn't happen all the time. They got a little bit of a bail out here, right? The market bailed them out, the market came in, sent the stock up three thousand percent and they had an opportunity here to raise 20, 30, 40, maybe 50 million dollars if they wanted to and that would have bought them a lot more. Runway You know to keep the business going but they sold 181 000 shares.

Uh and the News came out and it drops. and what's really surprising to me is off of that news, it bounced from 20 all the way back up to 50 a share. Now that I didn't see coming because if you remember earlier, uh, last last year we had hudi. so hudi um had a sort of similar similar situation.

The stock makes a just absolutely bananas move banana squeeze it goes from you know, ten dollars a share I kid you not to over 200. and then it drops all the way back down to 14 bucks. Because they didn't offer, they did a secondary offering. but the price of the offering I want to say it was similar.

It was like twenty dollars and it went way below that price. So when I as soon as I saw the offering I was like I think Msgm is done and um, you know what? There ended up being a really good bounce here and I'm I'm a little surprised and I just didn't see it coming based on what we just recently saw with you know, the last offering on something that was sort of similar so you know the market. Keeps Us on on our toes I suppose and yeah I didn't see that coming on Msgm for the bounce, but I I still think it's it's certainly bare. I mean well, you know they're diluting the value of the stock by raising by selling these shares, they are raising money for the company to continue operations.

but I I don't expect it's going to hold these levels. but uh, I could very well be wrong. and maybe it does. In any case, uh I was on the roller coaster today and I had a really close call.

I could have gotten really smoked today and it took a lot of composure for me to when I was at my Max loss to trade really delicately and really cautiously to start slowly chipping away until I finally got that trade on Vs. That got me just you know, up to where I'm at today it was a close call and you know there may be on another day. Uh, the right call would have been to walk away, but because I felt that we were in a hot market today I felt that this would be a day. it would be super risky for people to be shorting because we were seeing these crazy moves and I'm like if it's risky for people to be shorting I think that means this is a day that I should be aggressive to the long side and that was the right call.

There's other days where I go red and I lose and is just not a good environment for trading the long side and the right call is to shut it down even if I'm only down a thousand bucks or certainly if I'm down more than five thousand and I'm below my Max loss. But today I was able to get right up to that level and recover and it was pretty calm, cool, and collected. It was I'm not happy that I caught that flush at 7am but I didn't Panic sell which is the last thing you want to do. Uh, you wanna you wanna? You know you want to become cool collected.

So sometimes you get caught in an unexpected situation and you have to trade your way out of it and see the light. and I was able to thread the needle today and trade my way from Red back to green. Calm, cool, collected and I'll be back at it first thing tomorrow morning tomorrow. by the way, at about probably 10 a.m uh yeah, probably about 10 a.m I'm gonna come on live on YouTube and do a free class for you guys again to celebrate Groundhog's Day All right, so tune in tomorrow about 10 a.m for a live stream on YouTube Thank you as always for tuning in for this recap.

reminder. Trading is risky, my results aren't typical, and there's no guarantee you'll find success. whether you trade on your own. you'll learn from me.

So please take it slow practice in a simulator and manage your risk. Thank you guys! We'll see you tomorrow.