All right, good morning everyone! So it's about 902 here and as we're sitting here this morning, I don't really see anything that I'm super excited about. We don't have a very exciting Gap scanner we have leading Gap or Sonm up 33 percent. It's below a dollar, so it's a bit on the cheaper side. Hymc is up 30 percent, but it's also cheaper and it has 125 million share float.

You've got Aust which is just bouncing off the low. Had a terrible sell-off yesterday, so I'm not interested in. uh, in this. You know I This type of thing is kind of crazy.

This is not what you like to see on an ipo. This is not a successful ipo. It went up 600 percent and then comes all the way back down. That's that's just not good and you don't like seeing that.

It definitely makes me feel like I don't know. There's something something weird going on there. It's it's not great so I just don't have much interest in it down here at all. Uh, anyways, so Tptx has some news that just came out.

Price is a little higher. Uh, Simo Simo is on the Gap scanner 100 stock, Bttx is on the Gap scanner. It's up 18. It doesn't have fresh news.

Today We've got um, Icpt on the Gap scan or 20 million share float. a little bit higher. So unfortunately right now I was kind of hoping that we might have some breaking news right at 9 00 a.m. But um, nothing.

So right now is kind of just sitting and waiting and being patient. And let's see if something ends up you know, popping up within the next. You know, 25 minutes as we get towards the opening bell. and if not, then, well, that's clearly setting the tone for the day and it'll just be a slow day and we'll have to wait till the next stock pops up with some news.

So being patient is important. Hymc is a bit of a meme stock. Uh, so that's true. Uh, the total number of shares available to trade? You've got the float, but then you have people that are just holding it so effectively it could trade even thinner than that.

That's that's possible. So if you guys see something that I'm missing, let me know if you see something that pops up with some breaking news. No, I'm not going to trade ipo tomorrow. It most likely won't ipo early enough in the day and I've got other things I need to do tomorrow.

It's Friday, so shares outstanding are the total number of shares issued, but not all of them are available to trade. so the float is the number of shares available to trade you seed. Yeah, let's see well, it's up four percent, so it's a pretty small gapper Uso moving up. I see that so 8170 is breaking that level and then over 82.48 So the thing to look at on Uh Uso is whether or not that provides opportunities on other energy stocks.

High is 8248, so that's the level that we'd want to see break on Uso. That's enough girl. Yeah, Indo I think is I'm not going to get filled a full order on it. I'm trying to buy it, but I only have a partial fill.

This is a oil stock I filled uh 1 300 shares of my order on Indo. I'll add over 2050.. this is a sympathy to Uso added at 48 on Indo, the fact is, with Uso opening up here, we could get a nice move on Indo. So let's watch Indo for a move up to twenty one dollars watching ad over twenty sixty high on Uso there is 82 watching 65 and 75.

I don't like that price action. It should have gone faster. I'm a little I got it a little too high. I'm going to keep watching Uso.

Uso needs to break through 8248 as an 8210 right now Inpp. So let's just keep an eye on energy stocks with. uh, United States Oil Fund on this daily breakout because this is a significant level. On on Uso, there's 8248 you? uh, it was not a scanner.

That's just one I'm familiar with. Indo coming back up a little bit more, we'll see. We'll just keep Uso and Indio on watch. We'll trade smaller positions and see if it opens up Bttx.

I don't know. You've got a double top on Indo right now at 69 2069. so I'll put an order at 20 79 10 offset. Watch that level volume is maybe too high on that red candle.

Uso is pulling back a little bit. Husa is also Energy price is a little lower. I'll do a quick long at 55. there's 13 000 on the Ask at 65.

If that thins out, I'll add a 65 for a move up to 75 on Hoosa Energy stock. So 64 on the Ask. Looking for 65 to thin 13? Oh, 13 on the Ask added at 10 The Ask starts to thin. False breakout.

There's a hidden seller. I go back to flat immediately, so ask Fins. It doesn't break. Hidden Cellar Back out.

Maybe it breaks later, but there's a hidden seller there at 65. So we're not really seeing. I mean it's it's possible that one of these will open up with Uso moving, but right now I tried to and they're They're not really. Neither of them are really opening up in a big way.

so I think I'm gonna sit tight here and wait to see what becomes obvious. Well, it's easier to cut it when the small. When the share size is smaller, you know if you start getting into a really big position, it gets more emotional. It's harder to cut it.

So you know This is kind of the typical cold market where you know in one day you might have something and get some really good trades on, and then the next day there's nothing. And so today, if there's nothing. then there's nothing. You know what can I do? Yes John, I do.

Good to see on Hymc. Yep so I would say today I'm at two tiny winners and neither of these winners really by themselves covered the risk that I took on the trade. You know I I'm up 136 dollars on Hoosa, but if it had dropped I probably would have lost 500. So that's not a good risk reward.

Now I I thought it had the potential over 65 75, 85 to get up to five and then give me that risk reward that would work, but it didn't work out indo up 750 on it. So again on that type of price stock. if I had lost on, I could have easily lost 1500. So that's just not.

Um, the risk reward ratio is just not strong enough on those trades so far. So the problem is that I you know if I catch one loss I'm going to be read on the day because you know I'm easily going to risk 800 and then you know that my day is going to be not good. Thanks Jesus. I appreciate that I don't do one-on-one mentoring.

Uh, However, we do have um, of course the classes over at Warrior and we do mentor sessions where it's like an open Q A where you can ask questions and I answer them. You know Greg? Yes, I do. um and I should have taken some off the table in 2021. but I didn't and it's okay.

I don't. I, you know I didn't. One of the things with holding something for a long time is not wanting to get out because you really believe in the company. You like the company so I don't know.

Yeah, Gavin and he's still trading. Yep, yeah, he's doing really well. well. My maximum position.

Uh, yesterday I had 55 000 shares. Uh, I think it was on uh, Rvsn. you know it's a two dollar. It was like two dollar stock.

So it's only a hundred thousand dollars in the trade. so it's not really a lot of money. Um, I have close to a million dollars in in my trading account. So I you know, I could have taken six, seven hundred thousand shares, five hundred thousand shares of that stock if I wanted to.

But um, you know it's I. I'm not trading that big so I I haven't exceeded 100. I think I actually have a limit on my account at 100 000 shares right now. so maybe it's 75 000? I don't I don't know, but I could always increase that, but I haven't had the need to.

I just I just have a limit. That way you know, I don't know, just it just has a it's just good to have like sort of a some type of limit there. You know? I've heard of people using keyboards where key jams and it just goes like you know, just keeps filling. So something like that, if you don't have order confirmations, you have to be careful.

So it's good to have some controls in place just to prevent something going really crazy. Yes, you can ask Lightspeed to adjust your buying power. I'll do that sometimes. If I need to take money out of the account, I'll ask them to reduce the buying power for a couple days so the trades can settle and then um, then I can take the money out.

Okay, so we have six minutes to the opening bell here. It, you know, doesn't feel like we've got a lot going on. Today I got two small trades: the energy stocks Hoosa Indo. I mean, they're definitely on the back side of the move, you know, which was back in March, so they're definitely on the back side Uso.

You know you could say I mean it's coming back up for sure. And if it breaks through 84.85 then we're looking at 87 all-time highs. But I don't know that that's going to send Indo back to its all-time highs because it got so parabolic and a bit overextended so I I don't. I think I thought there was potential for more than we got.

I think there's potential for some sympathy, but I don't know how much. Frge Yeah, that's a good one and thanks for bringing that to my attention. It's a continuation stock. Uh, it's had a nice run here.

So uh, the problem right now is it's not obvious. it has big spreads, no volume. It's interesting. We know it's made big moves.

The all-time high was like 47 so it's a nice idea. but it needs to start moving. Bon bon life. Near term production completes building construction of plant so you know you see something that hits the scanner.

The 200 moving average on this is that, um looks like 6 36 approximately but it's up 26. Now the volume is light so see like look at that. All of a sudden it's seven dollars on the ask see how fast that just popped. So now the question is, does it hold right? So I'll watch it.

we'll see if it holds. so it took a starter there. At seven it's holding and now we want to watch for 7.50 I'll add over 750 and then we'll look for a move up to 8.. So looking for 725 730 and once again I'm not trusting that price action.

So I'm going flat. I, you know, just went from six to seven. I'm getting in high and then when you see it pop up and on this candle, drop all the way back down to 707. I.

I just don't. I mean in in a hotter market I would have got already. I would have added. I would have been adding a 725, adding a 745 but you know that's back.

So added back at 641. that's a dip trade at 641. uh, 1500 shares out at 650 647.. But realistically, you know, unless they can get back over 636 which is the 200 moving average, I don't know.

I just can't take the risk. I wish I could be a little more aggressive, but these are just little small trades. So I chased it. I got in high.

You know we were looking at it at 6, 40 on the ask, then the right pop to seven. but the course a 60 cent pop that tells you Wow! This has the potential to move so sometimes these will move. Sometimes you'll get in Seven goes to 750 you add. Next thing you know it's at eight, you add.

Next thing you know it's at nine. It's a ten and you get these crazy three four five dollar share moves. And this did of course have news, but you know now you know. Look the volume.

There is big red candle so we've got 90 seconds to the bell. Three tiny bass hits small size across the board and I think that this sets the tone. But you know, let's give it a few minutes to shake out warrior students. We'll see if there's anything that opens up and maybe we'll get another opportunity.

Maybe it's going to be later in the morning those tuning in on Youtube. Thank you guys for being here! As always reminder in case you already know, trading is risky. My results are not typical. We make no guarantees that you'll find success as a trader.

So train a simulator practice before you put real money on the line and we'll see you back here tomorrow. Friday end the week for the morning show right around 9 00 a.m Hopefully we have more to trade than we had today. Nice rob. 450 dollars pre-market That's good.

Lock it up.