All right everyone, good morning. Well it's about 905 so we're at the top of the hour here and as you can see from The Gap scan we do have a couple of gappers. uh, however, it feels today a little slow I think right now we're in between. you know, big momo stocks we had obviously um I can't even remember the ticker now from last week, but we had that big one last week.

We had a couple of the week before, but then the rest of last week was fairly slow. And you know, yeah, dog days of summer. this is very typical of August going into September things usually pick back up. There's this expression selling may go away.

You know that's kind of the the long time uh belief that big money leaves the market goes to the Hamptons you know, summer break, whatever. And then when their kids go back to school in the fall, you know they're back in front of the computers all day long. so we may see. um, well, typically we will see uh, more action in from September through the the end of the year than during the summer months.

But in any case, last year I did have the best month of the year in August which was a surprise. but that's not the case. Uh, this year, at least not so far. So our leading gapper well, asms is up 33.

I Was looking at that one a few minutes ago. it kind of popped straight up on news, went a little higher, retraced a bit. no trades for me on that. Didn't really feel comfortable with that.

Z-y-n-e is showing up 289 right now. Uh, no trades on this one? I You'd have to. uh, let's see. So Z by any um, yeah, this is this is oh my gosh, it's like 45 minutes later.

You've got a law firm investigating whether or not the sale is fair to shareholders. Um I mean you know what? What do I know? But when the sale price is 300 above the current trading price, it seems like a pretty good deal. anyways. um, it's kind of like an ambulance Chaser thing in the stock market.

you get these, um, class action. You know, shareholder in like rights all the time. so uh, whatever. um okay, so t-a-t-s-h-a this one.

um pulling away a little bit here of 39 percent. sorry up 100 at 39 million share float? tsha it's a little cheaper. uh for sure not totally in love with um, the price and you've got the 200 moving average at a dollar 59. hmm.

tricky little Gap pill on the daily from 131 up to about 50. 17 million shares of volume. So you do have quite a lot of volume which is good to see so we'll keep that one on. uh, watch right? here is the 200 at 160 159.

We'll see if it can break through that further down. You've got a couple other stocks on the scans, but they're higher floats U.S Steel the Metal Company TMC hey, further down as well. Frgt is too cheap. A little bit of a doji forming at the top.

Here you've got two, four, six, eight, nine consecutive green candles. This is the tenth. That kind of doji candle can be a reversal indicator. Confirmation will be if we break below uh, 151.

Right now, you've got this sort of breakthrough, but it didn't really squeeze up to like 75 or 80. So sort of reaffirms a little bit of weakness up here. Yeah, so lower price stocks are a bit more popular today. Look, this is all under two dollars.

The top four leading gappers exclude X in the top 10 are all under two dollars and nine cents or ten cents the highest. So this is the theme. You know we get these themes in the market with what's hot right now. unfortunately.

I'm not a big fan of the cheap stocks I don't usually do super well on them, so sometimes the theme you know it's what's hot, but it's not what I'm comfortable. Trading So you're high on uh, TSH A is 64. you know this is a type of trade where if I got in here I'd have a stop at 55 right about there. you'd be looking for the breakup 64.

and then maybe 70. but you could tell how stacked up the level 2 is. So I have a little bit of a hard time um, imagining that. It really makes a clean move here.

which makes me feel like I can't even justify the trade and that's a great quote. So Justin said, don't be good at every strategy, be great at one. So I'm sure that is something that, um, anyone who's achieved some degree of success can agree with. And you know it's tough because you see other.

You know it's like you have to be careful not to jump around. Sometimes you'll see and um, I'll go full view here for this moment. Uh, sometimes you'll see people who will jump from strategist strategy to strategy. You know they'll see other people making money Whatever it might be trading options or trading penny stocks or trading reversals or shorting or B web whatever it happens to be and they'll abandon what they've been studying and go right to what that person is saying is working really well for them.

And the problem is that tendency to jump to whatever sparkling whatever's kind of shiny. You'll never be on it long enough to really Master it. And then you just find yourself going in circles constantly looking for the next thing. I I Sometimes call it the search for the Holy Grail You're just constantly looking for that.

Next thing, that next thing that's going to be just you know. full full proof and it doesn't exist. So be great at one strategy, don't try to be good at 10 of them. And so I'm sitting here on a day when penny stocks are really strong.

uh, cheap stocks and I'm like, well, I'm not really good at trading those low priced ones other people are and I could, obviously, as a long-term investment, try to get better at trading different strategies, but sometimes it's hard to do two things or multiple things at the same time. As an example, there's a real challenge with Trading long and short at the same time. And let me give you an example. So if I buy a stock to the long side, I get it on a pullback and then maybe I add on the breakout I'm going to take a little bit of profit, a little bit of profit I don't really know exactly where to sell.

You know if I'm going to try to hold the whole thing I'm not going to sell until I get a confirmation which would be a red candle or a candle making a new low. The thing with going short is that by the time you get that candle, that's made the new low, if you're someone who's shorting extensions, you've already missed an ideal entry. So in that example, there's overlap between where a long is still holding and where a short is going in. Now there's a strategy of trading.

Uh, when the trend breaks down, where you wait to short until like a break of the nine moving average or a break of the 20 and something like that is a little easier to do at the same time as long because you would not be still in the long position at the time that you would initiate the short. But I found that most traders who try to do both at some point end up having this analysis paralysis where and it's incredibly frustrating. They go short, they get stopped out for a loss, then they flip long, it reverses, they get stopped out again. Now they try to Revenge trade short for the longer fade, it rips back up.

and now the trader who's like oh my God I'm red on both my long and my short and that can create a real emotional response. I Say that from experience because I've done that before. so trying to flip flop it can be very challenging. but in any case, the the big sort of moral of the story is trying to do too much at the same time.

Uh, and trying to be just trading a little bit of everything is not really a recipe in my opinion for Success So focus on what you're good at or where you're finding some um, success and then lean into that for me. obviously that's trading uh, between 2 and 20 to the long side and uh, you know, right now we're in a market where that hasn't been especially rewarding because we don't have any stocks really over two that are interesting today. and um, you know that just happens to be the the day that we're in and last week was sort of similar so it may have been more rewarding for um, other strategies, but it's very hard to do all of them at the same time and it may even be nearly impossible for some. So you know, considering how difficult trading is, it seems to me to make sense to just find one little strategy that you can call your own that you can find consistency with.

and then once you've mastered that, start to venture out. One of the things that I did that was a big Um turning point for me was when I started buying dips and that you know was buying a stock going down in the moment. but while trending up over like you know the last 20 minutes and that really allowed me to expand my profits in a pretty big way because I started buying these pullbacks accumulating good position for that next move higher. So that was more of an evolution or a secondary maybe a um, a sub strategy within my sort of wheelhouse and but it allowed me to significantly increase my profit.

So that is something that you want to try to keep doing. increasing your sub strategies within a primary strategy. Foreign. So um, if you saw me, you know, kind of wince there just for a second I Thought I heard like a little whistle I Am had a little injury over the weekend.

uh uh, got hit in the face with a wiffle ball and what they don't tell you about wiffle balls is that as it's coming at you full speed, it kind of whistles just like so now I hear that and I kind of uh, you know it's a little bit of a uh suppose I'm scared scared of catching another Wiffle ball in the face. so you know I'm this is Monday morning I'm just trying to get through taking it. uh you know, hour by hour. At this point any hour I can get through without getting hit with another Wiffle ball is a is a good hour.

it's about 9 21 let's see. So at this point, um, let's look at the overall market for a second. So overall Market I Think this is noteworthy. Um, you know many of us did quite well in May June July I'm going to do a session with a student that crossed six figures in July so that's going to be tomorrow.

but then August I've noticed a number of people have been struggling. Uh, well let's look at the overall. Market you know, basically July 31st kind of right around. there was the top and we have been pulling back here for the last two weeks so perhaps um, a little bit of headwind in the overall Market has weighed on small caps in a way you know it's just it's sentiment.

but when you have a sentiment, that's really. uh, you know sort of. There's a lot of Fomo and there's a lot of greed and there's a lot of aggression. Stocks can make huge moves.

Maybe right now we're seeing a little bit more of the fear. Um, you know we're getting, uh, a little bit of a pullback off these highs and kind of need to re-establish where buyers are going to come back in. I don't know. so you know the Iwm.

The the tricky thing is, we're always trading the stocks that are the anomaly from what the average is doing. But but even still, you've got that flat top there at 198 on the Russell 2000. so you know again, a little pullback since August You know it didn't stop us from having a stock go from two dollars to 60 bucks last. Monday Uh, of course it was on very light volume, but light volume.

momentum has been a little bit of a theme in the last few months where you have these stocks on like volume that go up, you know, 75, 150, 200 percent. So let's go over the watch list for today. So Gap scan Zyne uh, a basic percent. not not interested in that.

T S H A sitting at 105 right now, it filled the Gap right up to um, resistance at the 200, it's pulling back now. Agba at a dollar Seventeen Four point five million shares of volume I Don't think I'm going to do anything with that. TMC X Frgt I Don't guys I'm I hate saying it but I don't like anything here. So I do have a couple of my long-term positions that I'll manage today.

Um, you know or trade around see how they're looking. So for the large cap traders that have the interest um Procter Gamble those options um was able to close them up 100 percent so that was nice. but let's see Pepsi still have um two weeks left till expiration on that one. Coca-Cola No change.

So I'm gonna see if I can find another, um maybe swing trade position here or something that can get me started. So I'm gonna do a little research on that while I wait for something to pop up on the small cap side. So that's the game plan here with about five minutes to the opening bell so those tuning in for the morning show. Thank you guys for being here! Reminders Always trading is risky.

My results aren't typical and there's no guarantee you'll find success whether you're trading your own. You learn from me, so take it slow and I'll see you back here tomorrow morning.