All right. Well, it's about five to nine and at this point I've been taking any trades yet? Um, the Gap scan. We've got a lower price stock Vlon that's our leading gapper up 182 percent. which is, you know, a huge gap, but it's already given back a good amount of that.

Uh I MMX is our second leading Gap we're at 42 percent, you know. popped up earlier to 250 and then sold off down here to 173 and I I just didn't think that was going to work. so I left it alone. Um, you know, as it turns out, it's curled back up.

but uh, I don't know. so that's Immx. Um I'm not sure about it. It it's a maybe I have it on watch.

Um, so what's a what's the spot where it should be? a buyer on it? Uh, so right. that was a pivot that broke right there. Maybe if we have a pullback in this area that could give a another possible entry for a move higher. Let's see if it can hold this level and let's try to keep the chat on topic.

Uh with trade ideas today. Thanks guys! Uh, so we've got three and a half minutes to the uh, top of the hour yesterday. Overall Market was, uh, a big gap up and then it sold off. So that was sort of not what I expected.

You know, to be honest, it's kind of similar to what we have down here. We had this gap down and then a Big Green Day so we had that right there at the bottom. Uh oh, does that mean I Don't know if a pattern is deforming that this is going to be at the top and now we're gonna have a sell-off I'm not sure but I worry about that a little bit. Um, I was thinking we were going to hold over this descending resistance line.

you know, right around there approximately. it's not a perfect line but something like that. So let me get this right on the right spot. Okay, I like that one and then this one.

Uh, so if I connect these two, it's like right there. So either way you know some people would connect this right here and I'm connecting it to the top of the candle. The thing is, it realistically this and this are so similar it doesn't really make a difference to me. Um, you'll see that the play: what you want to look at is where it touches in the most places, because that's probably going to most closely be how other people have drawn that trend line.

So I'm thinking kind of like that is is the right way. but then you know this obviously blew right through it. Um, we could switch this to a five minute chart. just look at yesterday.

So this is where we ran into that uh, trend line last week. tried to get it. but I mean you could see it just the way The price action was like right at that trend line right right up to it again there and then yesterday we had the CPI numbers which were good and so we blew right through it and I was like okay here we go, but we weren't able to hold above it. we came back below it, tried to get back above it here.

hmm and sold off so that's you know. Big picture of the overall Market but it's something that I was looking at and I was hoping that we would base out and hold this level now that we were on the other side of it, but we weren't able to. so I don't know. we'll see.

Um, that one is, uh, that one's a maybe? Well, thanks for the suggestion and I should have some caffeine. um I sort of try to avoid caffeine. uh while I'm trading because I have found that it can make me a little too happy to press the hotkeys and I could get a little too aggressive. Uh, you know you notice these things about yourself and I just have found that that's been um, for me, a little bit of a little bit of a trigger or it's It just makes me a little bit more likely to get aggressive.

So you know I look in a certain Market that's exactly what I need and in other markets, um, that's not helpful. Interesting, okay, and super transverse. It's going to change my color on this to Yellow that's for the float. There we go.

It's a little bit better. All right. So I'm going to save the daily. oops.

Save daily. Say five minute. Save one minute and save the 10 second. So we added the float in I Don't know if I I think that's something that we added in I Asked our developers to put that on there.

Ah, all right, good morning to those tuning in on YouTube Thank you guys for being here today! I Hope you hit the thumbs up. You enjoy the morning show. Give you a little bit of a watch list. so my day.

Generally it starts the same I Sit down I look at the Gap scanners. So I've got my scans right over here and these are sorted by: Leading Gapper. You can sort it differently if you want. You can sort it by volume which can be helpful.

but I'm going to sort it by leaving Gapper and then I'm just going to start going through the charts. Vlon top oops. Vlon leading Gapper. um Auto Auto Um, so save these again.

So Vlon as I mentioned earlier, you know it had a nice squeeze there from 60 cents up to a dollar a share. but let's pull back off that level. see Jjd I have that on a side chart. I Just noticed a green candle ticking up there so this one squeezed up.

uh, going into the close. but I don't know if it's going to be strong enough. Um, right now it's got light volume with a bigger spread. I'm gonna have to hold back on pressing the buy button.

You know again, if you had a little caffeine I might already be in that trade and I just I The thing is has a momentum Trader at least for me. I jump quickly based on seeing green on the tape. It's it's actually and almost. Sometimes you can be chasing your own tail because you'll see green on the tape and then you'll buy.

And of course then your order is green. If you're really like in the zone, you might not even recognize that some of the green you're seeing on the tape is your own order. So now you're like okay, this look now this looks even better. You can't filter out your own trade from the tape so you just start seeing that green and next thing you know, at least for me is a aggressive Trader I'm jumping on.

So anyways I saw a little bit of green I had the side chart right there. Cjjd popping up. um I remember that happened one time a couple years ago I I had put in the order for 15 000 shares sorry 1500 shares and um, but I had accidentally typed it for fifteen thousand so I pressed it three times and of course I got like a total like a partial fill I filled like 1500 shares and then I was like whoa, there's 45 000 shares on the bid. This looks good and so then I started pressing the hotkey shift two because I was like there's there's a big bid there and I didn't even realize until later that I had, you know, fumbled my own order I just hadn't I just didn't even connect it And you know I mean so when you get really dialed in and you're in the zone I mean it's easy to make that kind of just you? Yeah, look, you add one extra zero and from 1500 you're at fifteen thousand.

It can happen quick and then your order is going to be on the on the book. So if you're like for me, when I'm trading because this is where I'm looking right. I'm looking at the tape. I'm looking right here.

This is like the road in front of me, that's the highway and then my P L over on the side is kind of like my mirror. I'll check it or even my open orders I'll check it. but I'm not staring at it. That's not what I'm looking at.

I'm looking at this right here. and then I'm looking at the chart right? That's what I'm looking at while I'm trading and then you know the P L will be whatever it is when I close the trade, I mean again I'll glance at it. But when I'm really in the moment, especially on a fast moving stock or like a recent IP or a um, like a fresh IPO I'm just those IPOs you know some of the big ones like Airbnb especially when they're expensive, you're punching the buy and sell button and you don't even I mean you don't even know you could be up four points, you could up be up eight points, you could be down two points I mean it, it just moves so quick which obviously is very risky. and I can mention is always the trading is risky.

So I'll put on my disclaimer, but um, but yeah, I do find that sometimes and in this market. uh, because we've just had less volume and not as much liquidity. something like Cjjd you know I could have jumped in that at 6 28 and you see there's a nice green candle. But what is it lacking? It's lacking the follow-through it doesn't keep going and that's what's been really frustrating is that we've seen these moves and they don't.

They don't continue so unfortunately. um, uh, this. That's just the way it is right now. and I'm just trying to be a little bit more cautious and slow down a little bit before I punch that buy button.

But sometimes I think of myself as a, you know, a dog chasing a squirrel. It's just so, um, it's just so it's it could be so reactive. um and and definitely based on intuition, right? I mean a dog chasing a squirrel is like so deep intuition, it's it's hard to un untrain that behavior. It's not possible, but it's hard.

Of course as a as a Trader I think that that actually that reflects and that impulse um Can absolutely be to your advantage to your benefit if you're able to trade quickly in a fast-moving market and make the right decision. takes a while to get there. So anyways, um someone say squirrel What have we got? RNA yeah, 45 million share flow: 15.38 I am a Max um no t-con no Y k y m r now I saw Bimi B-i-m-i on the scanners earlier. So I someone's asking about using a stream deck.

You can use a stream deck. Um I have one around here somewhere. Well, I have this one that I use for my, um, my broadcast. Um, right.

so that's helpful for broadcasting. I Pressed that button and my disclaimer comes up. Press another button and I go to my main anyways. you can use them for trading and I have set one up that I've used for trading I Find it to be a lot faster to press the keys on the keyboard than to reach over and press the stream deck.

but you know it just depends on what your what you like, what you're comfortable with. Um, the the nice thing about a stream deck is that you could press two, three four five hotkeys at the same time and you can add delays in it. So so for instance, during regular trading hours, you could have one hotkey to buy a thousand shares, another hotkey to set out a profit Target plus 10 cents that set that goes off one second later, and maybe another hotkey that sets a stop at break even. And and if you're depending on what broker you're using, the broker will allow you to place both orders and will automatically change the shares on the stop if your profit Target gets fired.

Other other Brokers would let you go short, which would be a problem, but you could do some complex things like that I'm sure there's some people that have got that really dialed in, but I haven't found that to be super helpful. So anyways I set one up and it was just sitting next to my trading station for a couple months. I pressed it like a couple times and and just in the moment, it's just a lot faster for me to press the the keyboard keys. Penny stocks? Crkn.

Yep. so the way I find stocks like the way I found the stock yesterday that was traders in the room. Now some Traders use different tools than what I use. Um, and some of them are good at finding recent specs or reverse splits or up lists.

You know there's some of these random stocks that I I might not find on my scanners, but if someone mentions it and I take a look at the chart initially, I'll be a little hesitant because it's not on my scanner. so I figure there's there's got to be a reason however. Um, in the case of a recent IPO uh, SPAC merger or a simple change sometimes because we haven't added that new symbol to our database. so that's something that we're working on improving.

um, the ability to add those faster. So it's like although they'll be added the next day, but sometimes the exact day they're not available for what it's worth. That's also a problem with broker dealers. sometimes they won't let you trade those stocks pre-market on that first day because they've got to add it to their database as well.

So anyways, um, yeah, it's It's definitely a benefit of having a nice community of traders that are all generally looking for volatility and momentum and someone you know. it would probably be hard for something to be making a big move. and um, for me not to know about it unless it was a OTC stock which I don't pay much attention to or a true penny stock which I also don't pay much attention to but but there's others that do. So someone mentioned, you know, Crkn penny stock.

but we have scans for penny stocks. Um, so let's see. Um, we've got our Penny top Gapper scanner. So yeah, Vlon is still the leader, but okay, Crkn is second Imx's third and this is just allowing stocks down to I think like I don't know 10 cents or 20 cents? Hey good morning Yeah! I mean hey, look this is up 100 today.

it's I Can't disagree that that's a pretty big move. So we've got about 15 minutes the opening bell Cjjd is sitting with a spread of 593 by 628. So you know the chart for just a chart perspective could look okay because you're like, oh, it's a long over 628. It's 6 35 on the ask right now, right? But you know you've got like a 40 Cent spread.

So market makers are not, um, willing to take the risk and tighten up the spread on it. And so as a result, if you buy at 635 and then sell it 5.95 the market maker is the one that's going to make the profit of the spread right? Because they they. It's the Arbitrage that they'll buy and sell and then wait for the next person to come along and buy and sell. So that's why you can get immediate exits on your orders or entries on your orders.

but it's because they're standing in the middle. You know, buying from people who are selling, selling to people who are buying and profiting from the spread. and those are they're the ones that are making I mean I there's I Don't know if there's there's market makers that don't have a red day. Uh, in years, as long as people are trading, they're making money.

but it is a risky business uh, for sure and takes a lot of capital. Not just anyone can be a market maker. Hey Sean good morning T-con Uh yesterday I went from down 5 000 on the day five thousand, two hundred. uh which was 200 over my five thousand dollar daily Max loss.

but I took a couple more trades and I ended up finishing the day up 2000. uh, after fees and commissions I don't know, you know, probably up 1800 or something. but um, a small green day and honestly, as soon as I went green I was like that's it I'm done. and then yesterday we ended up seeing massive liquidation.

Just tons and tons of selling high volume selling on um, that stock. so you know. Unfortunately, that's not what you like to see and now I'm today not interested in going Red 5000 and not seeing anything right now that if I was Red 5000 would be giving me a good chance to um, you know, recoup those losses. So I'm just I'm grinding guys I'm just small numbers.

This has been. this has been the slowest stretch that I've been in for like oh, like two years. I mean I'm just keeping my head above water right now. Small gains.

It's nothing exciting I can import my trades at some point, but um, but I really don't have anything exciting to show for Um for the last like six weeks I haven't looked at where I sit in December because I was like uh I don't want to get stressed out about it and I do get stressed out about it I look at where I sit on them you know, on the month and I'm like I'm not where I want to be so you know that can be Um, that's tricky. but but all things considered, my drawdown is pretty minimal. So let's see I'm sitting. So this is what my these are my metrics right now.

So so I'm sitting in the last 90 days right here off of a high of like I don't know I don't know what the high was in here, but I'm not really on that much of a drawdown. Yeah, so that's kind of like you could see sort of, you know. gave back a little bit the end of October and then rallied back and made that back in November more or less but didn't net. you know in 30 days from the end of October to the end of November was like back basically back to where I was right so that's not very exciting and then um, gave back a little bit I guess at the end of November So but I'm you know again, this is just anything I can do keeping my account.

So the max drawdown here was sixteen thousand and I finished uh December November down about 5 000 off my high. So to me, anything that I can do to keep my drawdowns minimal, that's where that's where it's at. That way, when things do pick up, I'm not recouping losses I'm you know, just adding fresh profit. So that means being able to tread water.

trade flat, trade sideways which is easier said than done, but sizing down right, reducing share size so you know what? That makes me think I had actually increased my share size. Um, when we were having those penny stocks. So I'm going to go in here and bring this back down to 20 000 share cap, right? I thought if we were going to see more am Am type of stocks, I wanted to be able to buy, you know, maybe a hundred thousand shares. maybe scaling it, but that didn't end up happening.

So all right, so I'll bring my Max down to 20 000 and and realistically, that's probably too heavy for a lot of stocks. I could probably put it at 15 000. I'll put in 15 000. that's probably adequate for right now.

ten thousand. That might be a little too low. so I'll just leave it at that 15 000 Max position size and then you know. here's the thing and this happens to me: I'll be thinking I'm adding so let me do.

Zbzt ZB is easy T NASDAQ test stock. So um, so let me show you how this works. So Zvzt is a NASDAQ test stock so it's not a real stock. so I could do 5 000 shares.

Um, buy, buy buy right? So now I'm in 15 000 shares of the NASDAQ test stock. This is just for the purposes of testing hotkeys and just as a demonstration for you guys. So what I might do on something like this is I'm like okay, I like it over 1002. and I'm thinking oh, I'm gonna I'm gonna add to it and what you'll see here is it's gonna not.

it's not gonna allow me but I I don't know that I'm pressing the buy button I'm seeing the green on the tape and I'm thinking okay, I'm going to add to this position and there's times where if I didn't have the cap I would have loaded up because I kept pressing that buy button and that can be a that can be a problem for me. that's why I set that cap the way I do. So you know when I'm in that moment of seeing the tape and I'm just liking it and pressing the buy button that can override my common sense that this isn't the market I should be that aggressive in, so that's so important for me to have that because otherwise they'll be. There are definitely times where I'll keep adding and then I'll look over and I'll be like uh oh, I've got 35 000 shares, you know, or something like that.

So yeah, these are these are parameters that's helpful to set. um, at least I think I mean you know, do whatever you want. but I think it's helpful to set these types of parameters on your account. So anyways, um I am a Max depends what kind of Trader you are eight minutes to the opening bell here.

Foreign. So you know something that we were talking about during the um the trading. Summit last week was how my aggressiveness is why I've been able to grow my account as much as I have when I've done small account challenges because I'm just first and foremost like I'm so dialed in I don't have a lot of fear I'm just trading very, very aggressively. But that same um, personality trait can also be a flaw in the sense that I can have a hard time easing off the throttle when the Market's cold.

and that's why you know my biggest red day was 275 000 in one day. So my my strength there can also be a weakness. And for me, I think key to my long-term success is trying to continue to get better at being able to sort of self-regulate how aggressive I'm going to be relative to the market I'm in. So right now I am doing a pretty good job being more conservative.

However, I almost feel like in the two or three days that we've had some good opportunities I haven't been able to get back on the throttle the way I wish I had so like I'm I'm you know again I I'm always looking at how I can try to do better and I'm being a bit of a perfectionist here. but I just sort of recognize that with some of these moves that we've had like Satx or Hudi I wasn't as aggressive as I could have been. you know Satx went from 40 bucks to 80. hudi went up to like 200.

uh and I just I I should have been able to do better on that. and I mean yeah, look if that happened during a hot Market when I was already you know zoned in on being hot on the throttle I would have I would have crushed it, but it's a little hard for me to um I'm finding to flip between aggressive and and conservative. What do we have going on here? Oh that's a trend line all right you guys. Well um, we've got five minutes of the opening bell I have no trades except for that NASDAQ test trade So uh, thank you guys on YouTube for hitting the thumbs up.

Thank you guys for being here. Appreciate Uh you guys! As always I am going to sit tight going into the open and we'll see if we have any uh anything that shows up. but right now it feels a little cold and I'm just kind of observing what other Traders are talking about that are in the community and it doesn't seem like people are really on something that's really hot and I'm missing it. It seems like others are in the same camp of just kind of sitting tight right now.

Not sure what to trade so I think that'll be our game plan here for today just to kind of take it slow. All right. So um, thanks as always for those on YouTube for tuning in. Reminders always that trading is risky.

My results aren't typical, so don't try to blindly follow me or anyone else. and I'll see you guys back here. Uh, first thing tomorrow morning? All right? I'll see you in the morning.