Cyad. No, it's not. Yeah, Dan, that's exactly right. All right.

Well, 8 45 here. we've still got some time. Cyad below the 200. I'm not a big fan of it right now.

Lgvn: Yep, so you have ascending support good, but you also have descending resistance. It's not a blue sky setup because of the move from the past days. Thanks Roberto. Hmm, well.

I hope you guys have all had a a good week. It's been. uh, it's been pretty good. I mean, a little a little slow.

A couple slow days. Not as good. maybe as the week before, but that's that's the way it goes. Some weeks are a little bit better than others.

Uh, all right, Ryan, See, that's what I like to hear. One trade a day. Um, I was talking to our support team and they're mentioning a student who was frustrated and feeling like they weren't where they want to be And we said, all right. Well, you know what, what are you doing and what's what's going on and which classes can.

We kind of point you in the right direction to tightening things up, and it seems at least in part of a bit of a case of over trading. And this is so common and I'm not trying to call anyone out. This probably could be almost any beginner trader, but over trading is so common, you just it's reaching, it's grasping. It's it's that desperation to try to get green.

And you know once you break the ice with the first trade and you lose, then the second trade is easy. You're like, you know what? Whatever. I'm already red, so who cares and you just it's a slippery slope. And so Ryan just said that he's been focusing on one trade a day, and he's had a green month now, and that's been like that was like a big turning point for him.

Focusing on one trade a day, and if we go back to the small account challenge that I did in July, that's what I was doing. One trade a day. That's the small account way. That's why it rhymes.

Otherwise, it wouldn't rhyme. One trade a day is a small account way, so that's got to be the focus. now. once you get a few weeks, maybe a month of consistency under your belt, then you're gonna start to feel like, okay, I can take a second trade.

Maybe I can start taking two. Maybe I can start taking, you know, two trades a day for for two weeks and then three trades a day for in the next two weeks and you start to scale up. And then that's a natural evolution because you'll realize, wow, there's more than one opportunity every day. So it.

But it's about as a beginner trader trying to develop some level of consistency. trade the best. Leave the rest focusing on a quality setups and I know you know you take that first trade, you break the ice and then it's a loser. It's very easy to take that second trade and then your losses are, uh, getting bigger and bigger.

Uh, by the way, for those on uh, Youtube and Facebook. I'm just gonna put my disclaimer up here in case you hadn't already seen it. In case you didn't already know that most beginner traders will lose money and that my results are not typical. So really, take it slow.

If you're thinking about learning how to trade. don't trade money. You can't afford to lose. We've got about seven minutes until Nine A.m I do see that Cyad is, um, coming back up.

It's had a bit of a history of false breakouts. The 200 moving average is at 540. a 32 million dollar private placement price of five dollars. It's a 18 premium to the 30 30-day average.

Now, a private placement below current prices. see. So here's why this is bullish. It's bearish that they're raising money in a way, but it's bullish that someone is willing to pay 20 of the current trading price on 35 million or 32 million dollars.

So it's being interpreted as wow. This person's got confidence. and it's in a way, a self-fulfilling prophecy because they're like, hey, everyone, I'm confident. I'm really confident, right? right? So will other people notice this and buy it too.

And they're probably hoping so And then That helps their own position. But it's a risk because it may not work and other traders investors may say, well, wait a second. Maybe this guy's just an idiot for paying 18 above the current market price. Uh, and the fact is, we do have the 200 moving average at 540..

So we do have some upside resistance. Um, the float's 16 million shares. It's low, but not super low. It has a history of some false breakouts already.

You can see these red. This red candle here was a false breakout. This one was at 80, uh, 8 a.m So that was the alternative display orders that would have gone through. So that one.

high volume Adfn orders, but not super worried about that. But then that's also false break out there at 706.. So it keeps rejecting this level. So this is probably resistance up here.

about four minutes until 9am. So cyad, I'm not saying it's a no, I'm just saying it's A for me right now. Maybe Lgvn? I prefer the front side of the move. Uh, trades like this are on the back side of the daily chart.

It's already made the big move and now you're trying to catch bounces off the low. Given that we're not in a super super hot market yesterday, or maybe the day before, Well, day before was okay, but I don't know. It's Friday. Yesterday was a little cool, a little cold, so I wanted to have a little extra due diligence on trades and I think that that's not a bad approach.

You know if you do take a couple losses or you have a red day being a little bit more hesitant and just making sure you're really going through that checklist because yesterday I did jump in a little too aggressively with a little too much size and looking back, it was a very similar trade that I had on Impl, a stock halted on News and the resumption was a big flop. So I think I do need to be. Try to keep that, um, in my mind a little bit more when I'm looking at the next one that's halted on News and I'm looking for a resumption pre-market because that's now two that I've gotten smoked on. One, the Impl was in August and um, this one that was, or was it maybe September? I don't know.

but yeah, maybe it was September it was on this day. But in any case, it was pretty bad. I mean it did. Impl did go up 15 points.

uh, pre-market before reversing. Uh, but I I still managed to lose on it because I got in too high. that was the problem. Um, but I did the same thing yesterday.

So yeah, that was. look at that spike. So if you were quick and I wasn't quick enough, so I lost on that. I don't remember how much, but probably 45 000 or so 30 000? I don't know, maybe more.

but that's not that. That was just to say that I'm a little bit more cautious this morning. Uh, just because of a red day yesterday. Uh, so a little bit more cautious means just looking for more reasons why something might fail and being a little bit more.

Um, maybe a little less optimistic. Just I want to see something that really is telling me. And the thing is, when it's when it's going, I know and I almost. I.

I almost don't even need to think about it because my it, just that muscle memory and just that reaction kicks in. Uh, and so right now I'm hesitating on Cyad because it doesn't quite look right and it might turn around or it might base out here and then give us a break through five. But we still have that 200 moving average. So oh, actually, I have it at 529 as well.

Um, you're right on that. I I didn't open up my chart enough. It's kind of a problem with the charts that the more you open them up, the moving average will change a little bit. but it was still pretty close.

so within 10 cents is not too big of a deal. All right. So 30 seconds till 9am. 10 seconds, right? Barry above market value.

So a little bit of a pullback there on that one. six million share float. Very light. volume seems to be some news right near the.

let's see, it's a little hard to trust initially because the volume is so light. Uh, I'd be a buyer if it breaks 450, but seems like there's already some sellers on it. See, there's a hidden seller at 437. so we're not getting the break of 450 so no entry yet.

I'm just not totally sure on it because the 200 moving average is right here at 436.. it's got a history of these red candles, so no trade on that one. Lgvn pulling away a little bit from the 200 sorry from the volume, weight, average price, but coming up to this descending resistance line so it's going to run into that resistance line I think. Yeah, Enfa is a Spack, so I believe it's a spec.

At least let me just double check. Anyways, it's not moving enough Just yet. Approved a buzzfeed merger. Hey Patrick Morning Lgvn.

Mm-hmm still in this wedge, but it's higher priced so you know if it goes the wrong way it could. it could be pretty nasty. Now, Lg Vn is not a blue sky setup. No, it is Max.

It goes in both rooms. Um, I hear you Dan, I'm I'm looking for a trade too. I would love to find something to jump on, but uh, usually October, November, December are good months for me typically, so that's typically the case. Lg Vn.

I'll take a starter there of Lg Vn. It's breaking that descending and I'm going to add over 35.. So now let's see if we get squeeze up to 25 holding 3500 shares, holding 1400 new orders 25. So that was one one trade.

The Ad increased the risk so it took some profit and let's see if it breaks through 25. The pre-market high is 2508 right now holding to see if we get a break through the high of this candle 24.88 holding 374 shares. For right now, I want to see whether it can hold this level. It's a break of descending resistance one minute pull back.

Important to watch. The highest is 24.88 Cyad is coming up to five. There's break of five on Cyad, so miss that one. So we'll watch the first one minute pull back and see if it holds and then gives me a dip entry for a move back up through the high of 24.88 Um, the ascending support line would have been a fine entry if you were willing to take a little risk because it was below V Wap at that time watching here, so that's nice.

We do have a double top there at 89. my order is now at 2503 for the next trade. If we break 2566, then we've got room back up towards 30. nice on the dip.

Added 61 to buy the dip. We've got this ascending support line here looking for an Ad 88 and 98 for the breakthrough 25. This is a flat top breakout on the five minute on the one minute chart added 88. Now looking for 95.

There we go. Took some profit. New order: 520 25.25 I meant to sell half. I took the whole thing off the table by accident.

high. That candle is 25 25 New orders 25 35. watching for a dip if it holds 25 Added 2505. it's holding the dip now.

looking for 25.45 Let's see if we squeeze up to 25.50 So we're getting a little bit of action here. This is good to see there's 19 holding 500 shares, exactly coming up towards our double top of the pre-market level that I had drawn. No, actually, this was a level from the other day. We're up 39 the high.

This candle is 25 35. Nice Chris. Good job watching dips. This is, uh, giving momentum.

It's not exactly parabolic just yet. You know it's it's moved from 2425 and we're a bit extended on the five-minute chart. so it's definitely time to be a little cautious. But we had our first pullback and this is now the second pullback.

The high is 35, so new order would be 25.50 That way it's ready to go. Added 16. Now looking for the breakthrough? 45 to add watching 25 35 and 45 for the squeeze up through 50 added right there. Now we're looking for the squeeze through 50.

so as it starts to pull away, we want to see the break through the half dollar profit order. Let's see if we get that pop through 50. average is 27. I added a little on the high side.

it seems to be defending against 25.50 holding just 500 shares, new orders at 53. watching for a dip added at 11 bought the dip. I actually filled 2503. Nice dip trade.

Very nice dip right off that yellow ascending support line. Now let's see if we pop back up over 25 25. So my average is 2503. Now I always try to take a little profit when I catch a nice dip like that and then reduce size.

We did break below that yellow support line. nice on C-y-a-d Reminder for those on uh, Youtube, Especially in case you didn't already know. Trading is risky. Most beginner traders lose money.

I encourage you to trade cautiously and not trade money you can't afford to lose. I would also remind you that Youtube broadcast has latency in it. We use ultra low latency streaming servers for our Warrior pro students, but Youtube doesn't. Uh doesn't offer those watching for a dip off the nine moving average.

C on a stock like this. two or three cents dennis. higher price like Gamestop, maybe 15, even 15, maybe 15.. Foreign Tip: Trade 2490 One first candle to make a new high there.

We'll see if it breaks back over 18. if it rips through 20 25 25, I'll add for a retest of 25.50 Added there for the retest of 25.50 I didn't go with big size on this. Let's see if we break through 25 30. this is showing some good strength.

So the high that candle is 38 over 38 would be an ad for a squeeze up to 25.50 Little chop there. Back to flat. We'll watch for another dip entry off the 90s. My daily goal is 20 000 so I'm about halfway there.

This is setting up an Abcd setup on the one minute. Oh Josh man yeah I probably would. just it's a it's a base hit Green Day dip trade at 93. again buying the support off that yellow line.

Looking for the break back over 25 10. So small little trade there holding 500 shares 95 average. yeah bad daily on that one. Larissa I agree.

So added again on Lg Vn. Here I'll add again at 38 this is a five minute setup. Now we've got a five minute bull flag so we're going to look for the breakthrough. 25 38 on this one minute Abcd setup.

added it 28, next adds 38 and then 48. back to flat. Small 600 loss and added back at 53 66 to buy the dip. Bit of an irrational sell-off there false breakout.

see if we pop back up over 85 it's still a five-minute setup which is good for the open. We didn't have a premature break on the five, but the one minute popped and then didn't hold so made back most of what I lost on the dip entry. The reason you get those rejections is because these are critical levels and so if a critical level doesn't hold like this right here, then you have a lot of people who say well, wait a second, this is no good and then short sellers also get aggressive. So I cut the loss at like 25 10 and then added back at 24.66 40 cents lower.

About seven and a half minutes to the bell Dip trade at 41. Bought the dip again, looking for the pot back over 50? There's 60.. actually have a nice fill at 24.29 We'll see if this pops back through 55.. Back to Flat 38.

So for those of you tuning in on Youtube who would like to learn a little bit more about my strategy, get a better understanding of how I choose the stocks that I trade. You're welcome to register to a replay of my Free Workshop Day Trading 101. I'll give you the link right here and pin it in the comments. Day Trade 101 Back to Basics Workshop So thank you for those on Youtube.

Tuning in this morning seems like pretty slow Friday. Thank you Van! I'll just say Van because it's easier for me to pronounce. Thanks Van I appreciate that. What are you looking for? Richard Time and sales? Four and a half minutes to the bell So I have a time and sales window here.

Um, sales. So I don't broadcast level two data because if you broadcast level two data, everyone that's receiving it. Well, you're supposed to have market data agreements, which of course I sign for myself, but I'm not. I can't sign them for everyone else.

So you pay for the market data if you essentially give it away for free. That's a problem. and this is level one data. The charts, which you know, is already a little bit of a problem, but the cost and therefore my liability is a lot lower on level one data than level two data and some properties.

If you go into the live trading archives though, you can see Uh videos that are my trading monitor. Those might be helpful. All right. So we've got about two minutes to the bell, so I'm going to end the Um broadcast here for those on Youtube.

Thank you for tuning in. I hope you've enjoyed the morning show. I hope you hit the thumbs up. I hope you're subscribed and we'll see you on Monday morning.

Warrior Pro Students will keep broadcasting here for uh, the Open and we'll see what we get. You.