All right, good morning. So here we are at the top of the hour: 9 A.M and going over a watch list here where Bjdx is back on the top of the scans 200 moving averages at 10 38. So we're sort of approaching that level as you can see and you know this is one that it keeps kind of popping up, but the pops don't sustain very well which is why I was hesitant to jump in it down here at seven, but the thing went right up to eight. It pulled back, goes up to 8 15, pulls back and then this one minute.

ABCD Setup I Thought Now the Macd's crossing over against the trade I don't think it's gonna work, but there it goes. So now you've got a couple nice big green candles that's great to see. We'll let it pull back, see what it can do. but I do think it's a little.

Um, it's a little risky to be trading it underneath the 200 moving average, especially when it has this history of popping and dropping. uh, as much as it has. So sitting tight on this one for right now. uh, you know I May I may take a trade on it.

Um, but for right now, just holding tight so that's our leading. Gap Our second leader is Cook. It's only a 28 Gap with a 77 million share flow. So that one I don't care about Bmra 1.85 15 million share float.

not that interested. Pwm this one getting a little that action this morning. we could get another pop on it. It's one of these stocks.

It's kind of doing something similar where it just sort of keeps popping up. um you know here and there so that one's worth keeping on the watch list Yesterday you guys got um uh aurc nice breakout. still hanging out on the daily under 62 dollars a share which is the all-time high so we'll see if it gives more action today. Not sure if it will probably doesn't but you never know so that that one's continuation.

SNMP Also, continuation. just kind of watching for first daily candle to make a new high, but you know as I say that so this is a setup. um that I've talked about quite a bit. Let me just look at the level two on it.

So what you have on this right here. Uh, the low back here was about seven. It's currently priced at 710 by 720. that is could be a double bottom so you know this could be a spot where based on the chart pattern I would be interested in being in because I could have such a tight stop below seven.

Unfortunately, the volume is really light Bjdx moving higher up towards 10. I'm hesitant to trade it up here right under the 200. I think I have to see if it can break through it. so our 200 is at 10 38.

this one's been so funny. We had this move um back here. sort of similar. We had this one here which is when it went really crazy and now it's coming back up here.

So is this going to be resistance? Let's see trying to get this to snap on here to that candle. All right. So I just want to see what that level is. Okay, so it broke through that level.

Wow. Okay, so now that we're up here, this is parabolic. So the high is 11.45 Okay, there's 12. Just be cautious because these can reverse hard when you get this kind of move.

Pwm also going up sort of. Maybe in sympathy. So good job. For those of you who traded this nice move, high is just under 12 11.98 So now I want to see what it does in this area.

The lower that candle is 11 27 Is that the top? or does the pullback get bought up? I Think it's probably the top because you've got these three big extension candles with a topping tail. So I think at least short term, this is going to be the top. We'll see what happens. So Pwm moving up a bit as well I See that slightly bigger spread.

So if Bjdx pulls back, could Pwm take the focus? Maybe It can be a little tough when we have several stocks moving all at the same time because you're sort of like ah, which one do I focus on foreign. So watching here for a squeeze up to 1250 Took a starter. now looking for 12.75 So this retracement watch 12 10. So holding right now there's 12 on the ask watching for a dip? Yikes.

that's a tough one. Dip trade, no fill. Why didn't I fill order limit order was too high. so I tried to do a dip at 11.10 but my order didn't fill Ed Taking the loss on it so that's annoying.

It's frustrating. Got in for the break through the high for 12.50 but ended up being a red candle rejection. It was a quick trade low down here. 10.50 got in too high on that, chased it yeah eliq popping up on lighter volume.

It's easy to borrow and on short sale restriction, so if it's sort of a funny combination there foreign. let's see foreign. So Bjdx the 200 moving average is around 1038 and so be interesting to see if it can hold that level. This area here.

let's see if it flushes right against this level of 10.50 Five minutes extended so it held 1050 there. The flat bottom. That's kind of the setup I was looking at on SNMP this flat bottom level and it did hold that, so that's good to see. So we're coming back down to that level again.

The five minute needs a pullback candle. We still have four minutes left on this current five minute candle, so let's see what it does here at 10.50 If it breaks 10.50 then the V-wap is back at 9.77. foreign. so we've got about 12 minutes to the opening bell, right? See, now we're getting this bigger pullback.

Low was 1007. So leading gapper Bjdx second leading gapper Eliq Eliq is easy to borrow, so that's kind of interesting. Cook is the third leading gapper. Not interested in that.

Pwm. This one's gapping, but not sure that we're going to get any follow-through on it. SNMP down at seven could be a flat bottom, but no volume. aurc this one over 62 would be blue sky daily setup so Bjdx has the most volume.

I Guess it's got the most tension right now this morning, but I'm red on it so I'll have to wait to see if it gives us another setup. If it can hold over 1038, that would be good. That's the 200 moving average and then we'll see if it comes back up towards 12.. So that's kind of what we're looking at here.

Um, so this is, uh, first five minute candle to make a new high would be over 11.17 And what we've seen earlier is that when this is moving up, it can pull away really quickly. So when it broke this level here at 10 19 and it rips up to 12. it can move fast, but it's just about finding the right entry. So I am disappointed that I underestimated the first move and then I got in at the top and lost on it.

There's no question that's disappointing when it started moving I thought no, this one's probably not going to pop up that much. It keeps popping and dropping I don't think it's going to go. it goes a lot higher than I thought I was watching one of these pullbacks but I was like no, it doesn't it's right under the 200 moving average. Then it broke it, it blows through it, it comes down and then I got up, got in near the top thinking it was gonna just rip like right up to 13 and then it flushed back down to 11..

So you know, lost like a dollar a share on 5 000 shares. That's a bummer. I'm not super happy about that and now it's just kind of like all right. Well where's the where's the setup now and I should have should have been more patient.

just waited and not taking that trade. It was a double top which is riskier. So I thought it was gonna squeeze and I was wrong. So okay, well that is what it is.

but what do I see right now? Well, unfortunately, that red candle, uh, puts a bit of a dent in the chart. It's not. it's a it's a red false breakout candle. So now I've got that to deal with regardless of whether or not I had traded that.

I have that candle right there so you know there's another little kind of false breakout. So now you've got two false breakouts where it kind of looks like it's gonna go and then drops. So now it feels like it's hesitant. It's not really really clean, so realistically for it to be clean, it's probably gonna have to be over 12..

So maybe I have to wait till it can break over 12 and hold and then look at the room from you know, 1250 to 1450 16. if that doesn't happen, then that doesn't happen. and maybe my best bet is to look for something completely different and look for the next one. You know, maybe this one I just happened to botch that trade and I'm not going to get another chance at it.

So if that's the case, then continue to watch the scans to see what else pops up. You know, celz hitting the scans there. not sure. I Love it! My goal this year has been to try to keep the red days small.

So red days four to five thousand to me is tolerable. Seven, eight, nine, ten, fifteen twenty. No, don't want to do that. So I could stop right here at 3 900 in the red and just say well, it's a red day It's not that bad.

but I think because it's early, there's more than enough time for me to see more opportunities. So as long as I can maintain my composure and be patient, then it's fine to keep trading and look for more opportunities. But I've got to be mentally thinking. You know I'm getting close to my Max loss at five thousand roughly.

So I don't want to let it go too much more. Which means my next couple of Trades really have to count. So if my next two trades are winners and I make 2 000 on each of them, then okay, fine. I'm can keep trading.

If my next one is a fifteen hundred dollar loss, then you know that's it. It adds up quickly. so right now it's about composure, looking for opportunities, being thoughtful, and since I don't have a cushion on the day, I'm I'm gonna have to be a bit more conservative than if I had a cushion. You know, if I had a big cushion from that first trade on BG DX and I could take a bit more risk on trade three, four, and five.

Right now. the first trade put me red quite a bit. So now I've got to be more conservative on trade two and three and that might mean I might not see anything that's strong enough that I have enough conviction in that I can trade, which is totally okay. It's better to do that than to take low quality setups.

Foreign. So Bjdx right now forming sort of an inverted Head and Shoulders but we have a couple false breakout candles. Once the stock has shown a willingness to do those kind of false breakouts, you have to be a little bit skeptical. We still have a URC on the daily chart.

Our breakout spot is 62.89 SNMP I Wish I had a little more volume because I like the idea of being in right at like seven, you know, but it doesn't have a lot of volume yet. Yesterday's high was 10. So about three minutes to the open, we'll see what the Open gives us. Maybe we'll end up seeing a stock um, that isn't even on the watch list start to pull away.

so who knows. maybe the big winner today won't even be a gap or it'll just be something that starts to squeeze sometime this morning. So I'm gonna sit tight. Uh, look for those opportunities.

We've got three minutes to the open. no trades between now and the open. We'll watch to see what the opening range looks like and then we'll evaluate if I can find some more opportunities as the day goes on. All right.

So that's the game plan here. Reminder As always for those tuning in on: YouTube for The Morning Show Trading is risky. My results aren't typical, so manage your risk. take it slow even though today's a red day.

and on this specific day, my results may seem typical. My results in total, uh from making over 10 million dollars or not typical. So manage your risk, take it slow and I'll see you guys back here first thing tomorrow morning.