Wow. Time is just getting away from me this morning, it's already. uh, nearly ten past nine. So uh, let's sit down and start to figure out, uh, what? We've got to work what we've got to work with today.

Um, thank you for those tuning in on YouTube for The Morning Show Appreciate you guys being here. Thank you for hitting the thumbs up! Uh, we've got Cosm from Friday By the way, if you didn't check out my episode on the reason for the Cosm 97 collapse and then ten thousand percent squeeze from a low of 23 cents up to 23.84. definitely check that out. Uh, we'll post that.

um, that episode. Well, you know you could just go to my channel and check out the latest episode that I uploaded. but uh, in any case, make sure you check that out. Um, I Spent a good amount of time trying to really understand what happened on Cosm.

Um, and that's when I learned you know from the comments from TD Ameritrade that there's an issue of the Q Sip number and I I wish I had known a little bit more of that in in real time. um on Friday But in any case, um, uh, you know this was this was pretty wild. So so what's gonna happen today? Well, I guess I'll I'll ask people. um you know those tuning on on YouTube perhaps of course I Don't swing trade and probably nobody that's a chat remember is really swing trading, especially these types of stocks.

so most of us weren't holding before the split. but some of you guys especially on YouTube I don't know. Maybe um, maybe one of you I was holding before the split. So if you were holding before the split, I'm curious about whether or not you're able to sell those shares yet because once those people are able to sell their shares, well, they're holding before the split, they're probably going to sell so that's going to be cell pressure.

What ended up happening on Friday was we had a lot of people trading on the new Q-sip number, but a lot of the people that were holding from pre-split weren't able to trade. Now it depends on the broker that they were with. Um, so let's see. So Mike says he knows something about it.

um I'm I'm surprised that it didn't get halted by The Exchange on Friday just like almost immediately. but um, you know, but it didn't So oh, he said Charles Schwab busted all his scalps on cosm from Friday scalp the post split on Friday made 700 on eight trades, flattened out no holds. Wake up this morning and it says there were no trades for him on Friday Wow. I I might as well log into my Lightspeed account and just look to see what happened to my trades on Friday But but the thing is, how do you I mean how do you take out trades like what? Let's just say you, you bust the trade of the person who bought at the top.

What happens to the Chart What happens to the candle? Does that candle disappear? Does that chart change because the trade got Unwound I I Don't know. Um, but let's see I I Didn't even think to check Lightspeed but let me just log in. Okay, so daily P l so my P L still shows the same as it was on Friday um foreign I was trading under the new Q-sip number on Friday uh which I I knew would have been the case. Um, so well I was I was pretty sure it would be the case I'm just going to hide my account number here and then I'll show you the screen I'm looking at okay, um so sorry.

there you go. Um, well, that's still showing the wrong one. Hang on. What's that over? Just trying to put my account number out of the way? Okay, so um, this is.

hold on. wait a second, that's not even showing. Where's the where'd the Q sub number? go? Uh, hang on. I Gotta refresh this page.

Smoke detectors I'll mute it for a second. Someone's making toast. Is that Uncle Steve Trying to make toast? Let's see. Anyways, it doesn't really matter I guess but um I it doesn't look like my trades were broken I Don't know if other people, uh, have seen trades get get broken for them for their orders, but it's weird I'm actually not even seeing that in any case.

Um, so maybe that's going to be some Brokers I don't even know I'm not even sure Ethan says trade zero didn't break any of his trades. another guy says he trade on Schwab none of his trades were busted. Yeah! I I don't know, it's it's kind of a mess but um, you know my my question was whether or not I should trade it today, right? Um, so I'm gonna take a quick trade on that there at 29. um I'm looking for the break over uh, 12.50 on um, Cosm.

My thought on this is that now that it's over V-wap and we're coming into the open I want to see if we squeeze through 12.50 So I've got my starter position and now I'm going to put an order over 12.50 and looking for a move up towards 13.. So let's see if we get a test of 13 on Cosm holding right now. There's a volume coming in there added at 50. next ad will be 65.

So what I was looking for on this is the Breakthrough volume weight average price. We got the break of V-wap let's watch 1265 1270 there's 12 56 good there's 1265. I'm going to take a little profit off the table on it I was going to add but uh I don't like being in trades they're going flat quite that long 669 dollars and by flat I mean um, sort of struggling. Hi, there was right to a seller at 65.

didn't break 65. I'll watch for another dip now I'm a little surprised because what I thought was gonna happen I thought this was going to break VAP and I thought it was going to rip right up to this level here. Uh, right there when sorry, like right in this area. Um, sorry, hang on, let me switch my horizontal I thought it was gonna rip right up to this level of 1311 and if it broke 1311 I was looking for it to squeeze up to this level here of 1366.

and if it's over 1366, then I was looking for this level up here which is 1750. So if we're not getting that and it's slowing down, then I'm just going to back out. The problem for me was scalp trading and buying these extended stocks. is that I know I'm getting in high.

so if I get in high I want to sell higher. if I get in high and it starts to hesitate, that's when I have to be thinking about my risk. So right now you've got 12 36 on the ask. My initial entry was at 12, um 25 and then I added it 12.

33 and 1253 or 12.50 But in any case, um, I'm going to watch this pull back here and we'll see how well it holds this area. New orders of 12.50 So we've got about 15 minutes to the opening bell. We're dealing with a little bit of a descending resistance uh, trend line on it which I thought a breakover V-wap would uh would allow us to break, but big sell-off added down there I'm just just doing a starter I'm trying to buy dips on this added at 9.50 cutting it thousand dollar loss I'll look to add back I want to try to catch a bounce? This is a big sell-off here I don't I want to be careful I'm catching a falling knife here, but I'm looking to catch the bounce. Ah, so now bounces up.

Hits a low there. Stopped at nine. it's already back up to ten son of a gun now. I'd be up over a dollar a share offering.

news priced at the market. What's the price? Does any other price? 11.50 That's bullish. that's why I bounced. but I went right I'm down a thousand bucks on it right now.

so I want to be careful not to hat back until I know it's gonna hold the thing with trying to catch a bounce like that. Uh, it's it's really trying to catch a washout and you just have to manage your risk on it. So I don't mind losing 1600 on that kind of trade. but I don't want to lose.

you know, five or ten Grand on it I Can't believe they did an offering right there though. Wow, but it's at 11 50. So um, it's a pretty high offering price I'm surprised it's trading below the offering We've got about 12 minutes to the opening bell. Dip trade there 38 for me I Want to see if we break back through 10.

this line here back over. um first one minute candle making you high would be nice. So watching over 9 58 968 flat at 40 for a three cent winner looks like it's not ready to do first one minute candle to make a new high. So the low was 826.

So I'll watch it. if it comes back down towards that level but doesn't break it, then that could be a double bottom for an entry. In terms of other gappers, Um, foreign. Nice there.

Nice bounce. Yeah, I'll keep an eye on a couple of the others. there may be some potential nice pop there up to 10 9.99 Okay, so that last trade is a dip trade I try to buy when you have those big flushes and in that case I was a little early. It did end up bouncing two points from the low, but I had to stop out.

So I just cut my loss because I I didn't want to keep adding if it was going to keep dropping. So that's a dip trade. We've got about eight minutes to the opening. Bell So I'm down 986 dollars going into the open here from a high of up 670.

So reminder as always: Easy Come Easy Go Trading is risky and my results aren't typical. so make sure you take it slow. Don't try to blindly follow me or anyone else. Make sure you practice the simulator before you put real money on the line.

Foreign Nine right there. So bought that dip at Nine. It's back up to 9 30. Phil was 9 15 so got a little bit of slippage I Want to see if we get back up to 9.45 there's 9 39.

still looking for that curl back up. Oh 200 winner on that. My entry I had 15 cents of slippage on my entry I pressed it when nine was on the ask but I filled at 9 15. back down to 8.96.

it's you know to be honest, this is kind of just choppy price action here. it's below view app I don't know it needs to curl back up in a pretty significant way to look interesting again. Atnf yeah I see that one moving up. keeping on a side chart.

All right. So we've got five minutes to the opening bell and the game plan this morning is just to watch and look for volatility. Cosm is down 60 so it's down quite a bit. We've got the offering news 11 50.

it's below that price I like it if it can get above 13 right now you know I got a couple little scalp trades I got green, then red down 764 dollars right now so just kind of holding tight and um I'm gonna watch to see you know whether or not um, you know whether or not we see good action. Uh, so I'm going to disagree with that someone on YouTube saying that I have not been trading according to my courses which is why I've been losing a lot recently I haven't been losing a lot recently. That's not a true statement so you know I mean say you could say that if you want, but it's simply not true I would say that um I've been trading in a narrow range I've had smaller winners and smaller losers I haven't had big losers which is good I've been managing my risk there I had a couple nicer winners, but not huge big Winners It's just been a slower market so we haven't had as much range in a much as much um, volatility in a way that I think that I can capitalize on So You Know that's that. But and I think that person's critical of my my dip trade that I took on cosm.

Listen, they're not all going to be winners and I like to buy when we get those big flushes because a lot of times you get that Panic flush and then you get a rip back up and those can. Those can be great trades, but they're not all going to be winners. You know if it looks like a winner, if it's a winner, then I look like a hero if it's a loser I'm a zero. So if you're only as good as your last trade, then as of today I'm a loser because I'm down 764 dollars.

But the trading is. it's a marathon. There's going to be winners. There's going to be losers long term.

You got to stick to your strategy. It's important to have rules and set them out as guidelines, but it's also important to trade what's moving right in front of you. And so if you see you know something that is moving and it's a little outside what you would typically trade, it's a good idea to think about whether or not it makes sense to adapt your um, you know, adapt to the market. So anyways, um, just my food for thought on that.

So we've got three minutes to the open so thank you guys for those who have tuned in on YouTube Thank you guys who have hit the thumbs up. If you didn't check out the episode that I uploaded on Saturday The reason for Cosm dropping 97. make sure you check that one out. Pretty wild move and uh, still active today and I'll see you guys back at it first thing tomorrow morning.

All right I'll see you in the morning. Reminders: Always trading's risky. My results aren't typical and there's no guarantee you'll find success so trade. Consciously manage your risk practicing simulator before you put real money on the line.