All right. So um, we've got about 45 minutes to the opening bell. I am sitting at 209.17 of profit so far today, which is a pretty small green day, but uh, you know, sometimes things get off to a slow start. In any case, yesterday I was off to a great start.

By this time, I was already above the daily goal. We had some good action on, you know, a couple different names. Yesterday we had some, uh, recent ipos giving us those dead cat bounces so that was working well. Yesterday today we've had a couple news trades and we've had, um, you know, Bed Bath and Beyond Bbby which is still going to be on watch for sure.

Right now you've got Revlon popping up a little bit. I don't know that there's anything really to trade there, but you know we're I. I'm aware of the fact that Bby Bed Bath and Beyond is taking a lot of attention right now, but I'm also aware of the fact that of course it's a meme stock. not a mean stock, but a meme stock.

Although some meme stocks can be a little mean and this one, uh, can be a little tricky. We've had some big moves to the Upside yesterday. big sell-offs To the downside, halts both ways and um, we've got some risk on it. I watched in this area around 28.

I thought because it rejected hard off that level twice yesterday that it might be too risky to get in in this area. Here it did end up going through 28 up to 30.. my gut on this is telling me to leave it alone because this is a stock, that because you've got a lot of meme traders, you're going to have unexpected flushes and unexpected pops. And that's from traders who are doing the yolo type of trade who have been holding 30 000 shares from five dollars just hitting market orders.

And so you get this. these flushes and you also have a lot of transactions that are occurring um, in uh, in dark pools. So they're off exchange transactions, but you so you'll see the orders on the tape, but not on the level two so these are a little bit more difficult to read. So if you're a breakout trader, if you're a scalp trader, if you like taking those quick scallops breakouts through whole whole dollars half dollars, this one's gonna be a little bit harder for you.

And so since I tend to trade that way, this one's going to be a bit harder for me. For a trader who is more comfortable buying off support and setting a stop and letting it work, Meme stocks can be wonderful because you can get these really big exaggerated moves, but it's just not typically the way I day trade. so you know as it comes back down towards 28. In some ways, a dip off 28 could make sense, but our oscillator Macd is also crossing against the trade right now on the one minute.

So there's a lot of things that are kind of giving me some reason to hesitate on this. and the fact that I don't have a cushion yet on the day is another reason for me to be careful taking a a trade that's a little outside my wheelhouse and requires me to implement a strategy that's a little outside my wheelhouse, so that's kind of. You know how I'm looking at things at the very beginning of the day here? Um, we obviously have 45 minutes to the opening bell and then of course I can trade as long as I want. You know, 10, 11, 12.

Whatever the case happens to be, I'll trade as long as we have some good action. The two trades I've taken so far today have both been breaking. Um, breaking news Lsf news. Spike ended up that it was a unsolicited offer a buyout so I buy out offer so I just got out of that pretty quick.

made 47 bucks on it. got in a little too high. Bwv had news news Spike here jumped in that Algo Spike wrote a little bit of momentum. Yeah, you can for those that are interested in Algo scalping.

We talked about this. Um, I had a I taught a workshop on uh, Algo scalping. Oh, it was like a month ago or so. but um for those that are interested if you go to products and then you go to the Warrior pro course and you check the syllabus you'll see under the syllabus.

Everything that's included in the Warrior Pro and one of the new classes that's part of the Warrior Pro curriculum is on Algo scalping. So introduction and market structure, alternative trading systems and dark pools, market makers and high frequency trading algorithms, order routing, and the Algo scalping strategy. So this is a class that is new as of uh this month and gets into sort of the detail and a bit more of the complexity of the way orders are routed in the market and sort of how to look at market structure and where you can find inefficiencies that lead to opportunities. And so Algo scalping is a strategy that I trade from time to time when we have breaking news and things like that.

Um, so anyways, that's worth checking out. We do have our Dog Days of Summer sale going on right now. So that's 40 off, Uh, Warrior Starter. Oh, there she is.

There's girl. 40 off Warrior Starter 40 off Warrior Pro. The starter includes just the foundational day trading class and then it does also include access to the chat room and the scanners. The pro includes access to everything.

so but you could go to starter and you could see. If you checked the syllabus, you could check and see what the syllabus is. It's just the starter right here and this is everything that's in the pro. So anyways, check that out if you're interested.

Um, hopefully some of you guys will. Oh and over on daytrade dash here. We still have, um, a coupon code here that you could use for people that are a little more experienced and perhaps don't feel they need the classes and just want the chat room and the scanners. All right.

So aside this morning from a couple of failed i would say news trades, you did have Meg L. Uh, moving up a bit. Oh and yes, by the way, for Warrior members, we do have a member loyalty alumni renewal rate, so you could check that out. You could check it out right from your dashboard.

You could see at the top of your dashboard you could see renewals when you're logged in as a member. Or you could always email if you prefer. So check out renewals. and yeah, you guys all have discounted rates.

Okay, so Meg L. We did get a little pop here up to like 16.50 it's pulled back a little bit. Um, the thing is it, we already had the dead cat bounce. That was right here.

Dead cat bounce and then it sold off hard. And so this is a dead cat bounce off of the bounce. But the bounce was like a 300 move 200 move. It was pretty impressive, so maybe that's why it's bouncing up a little bit more here.

but I I don't think that that's gonna give clean opportunities, but we'll see. So that was one that we had that I watched earlier. Qnrx was another one. Hi here 693 So for right now, leaving, that alone needs to get back over volume, weight, average price.

This one already had a really nice move back here on the reverse split pulled back so I'm not sure. Um, I don't know. We'll see. I want to see if we have any news headlines at the top of the hour at Nine Bby technically setting up a five minute pattern, but we're coming up on three red candles in a row, so it's pulled back a little bit more.

maybe than you'd like. Okay, so let's see. Okay, so we've got. um, you know.

Like I said, Bbby pulling back a bit more now down to 27.70 So now you're back below that 28 level. If it can reclaim that and hold over 28, that would be a big deal. But if it can't that's going to be a little bit disappointing. So your bottom the low.

That candle's 27.50 You know that's a pretty firm break below 28.. So so so back over 28 there below the 20 moving average on the one minute. Nice Jason. Good tip.

So overall market is pulling back a bit. Um, we've got the 200 moving average at around 4 18.. So we'd like to see, uh, a couple things. So number one, you've got the 200 starting to flatten out and maybe curl back up, but we're gonna have a pullback.

It looks like we're gonna have a little bit of a pullback day today. We've got a bit of a gap down so we want to make sure that the market holds around 200. That's what we'd like to keep an eye on so a little bit of pullback day support around 200 and then look for a consolidation. We got above the 200 back here.

We pulled back, we retested it, and then we broke below it. Same thing here, so this will be pretty important to see whether it can hold this level. We won't know for a couple days. Meg L, I'll buy 2 000 shares there.

Um, I like it for a retest of Uh 16. so I'm gonna watch to add at 15.80 Looking for the break through 16 on this sort of dead cat bounce from yesterday's move? Hi, this candle is 80. so let's watch over 1580. Let's see if we get a break here.

I'd like to see a retest of 16 and then a move up to 1650. That would be nice. So we're back over v watching 75. Added 75 there for the breakthrough 80 and then booking some profit on that.

move higher. but you could see not a clean break holding 1100 shares and then there's back to 90 on the ask. So unwinding it? basically flat disappointing trade. All in all, 68 Loss.

We're just not. You know, I mean it's not no big deal, but it's just not. not opening up. so I'm not, uh, making a lot of progress on building a cushion.

yet. Today I've taken three trades. They've been basically flat. Small winners, small losers.

My yeah, I didn't hit the bid for anything on um, Megel except maybe the last 500 shares, but I also got a fill that was a little higher. I don't know. So I added for the break of 80. screwed up my average a little bit.

Whatever. it's okay. so there's nine. So so back to the view app on Bbby You have another rejection candle that was on Bwv at like 8 45 There Fubo Yesterday's high was 8 14.

so so so foreign. So this is back below that 28 level. Bwv at the V web volume weight, average price. so it broke above it.

It's trying to hold above it. Macd is curling back up a little bit your high there was 32. You'd have to break this rejection spot 339. Then you'd want to see 344 and then topping tails up to 367..

might be hard to re reclaim those levels. The overall market. You know it's a It's either a headwind or a tailwind with small caps. It doesn't correlate super directly, but it can help and it can also hurt whether it's working with you or against you.

So top of the hour. No breaking news really that we can work with so our Gap scanner is sort of set. We don't have a lot that looks great. You've got Bbby.

You know again with some volatility, you're below the 20. You would need to reclaim that one that one minute moving average. Need to get back over 28.. So Bwv still holding V which is good.

Macd starting to open but then it pulled back a little bit. Bbby would want to see a breakthrough. 27.89 I'm not sure. let's look around.

so Top Gappers right up here Hil buy out acquisition, Bed Bath and Beyond only 30 gapper. So we don't have any big big gappers this morning. but you know 30 percent is Bed Bath and Beyond. Bwv is 25 percent gigm popping up there a little bit.

This one had a nice move the other day. Uh, so on the scans you can see that. I think it looks to me like uh, Bby is starting to curl a little bit, but you know I'm I'm not totally sure because you're still under that 20 moving average. This step down didn't go lower below V, but this would be a very technical trade so I just don't know if.

um, I just don't know that this is going to respond as well To that type of technical level. you can see a stack of sellers at 60 goes to 63. Still a stack. You know? the problem here is that this would this would be like a breakout trade right? if I got in here.

The low: There's 36. I'd be expecting like a break through 27, 89 and 28.. The five minute not really clean so we're getting another little pullback there. So your previous low was 27.

I think your benefit in this area could be a dip off view app, but I I just think you're you don't have a clean five-minute chart so I'm just gonna look away. I'm gonna look at something else. I think I just forcing it on that one. Yep, Bwv curling up a little bit.

we'll see if it can reclaim some of these levels. We had this kind of nasty rejection back there, which I I don't know where that came from, but so long there at 47, I'm going to try to accumulate here for the breakthrough 55 and retest to the pre-market highs high? This candle is 48.. So new order is at 351 on Bwv. Looking for a retest of the pre-market highs? I think this is probably now that it's opening up.

This is probably going to be our most obvious uh trade for small cap traders Because it's It's holding up pretty well so I'm gonna watch for dips to add and then we're gonna let this one minute consolidate and look for the break through 48 and 50.. add it at 42. next ad is going to be 48. This is a one minute micro pullback here, so we're kind of looking for that squeeze through 51.

new order to add is it 49. so add it there. 49 for the breakthrough 50. now I want to see if this can squeeze through 50..

let's see our one minutes ascending. There's 49 on the Ask. I mean you could just see this action. It's just garbage.

So 60 dollar winner. It's just not. You know, it's just not opening up. Hi, there is 50.

I don't know why it's such a struggle. So your high there was 58. That's good. Glad it broke.

So yeah, I had Bcab as a continuation stock as well. Volume is a little lighter but and floats a little higher. Keep it on watch. Uh, so you have.

Let's see about six green candles in a row. There on Bwv high was 58. Pulling back a little bit. it's our second.

It's our leading gapper behind a buyout today, so I think that it's going to have some eyes on it so we'll keep it on Watch Hi that candles 52. So yeah, we'll keep Bwv on watch. Bbby pulled back a bit too much. I think it's below V right now.

Bwv added back there 54. Just a partial fill. Watching Ad over 60.. So watching the level two there as that stack comes down the 12 000, I look to add 12 on the Ask added there for the break.

and then I get profit as it breaks through that level. I only got a partial fill at 54, so that's only a 100 winner on that trade, but a small little one minute breakout scalp getting old close to the highs. We'll see if something starts to open up, but we've got about 10 minutes to the opening bell, so feels like a pretty slow day. Certainly not even close to the daily goal although it obviously only takes one.

So if we have one that um, you know is strong and starts to open up that can push me through the daily goal real quick. so I you know, just have to be a little patient. It's fine to take some stabs at things with small risk a couple hundred dollars, whatever. But uh, right now nothing has justified taking any significant risk on.

So the game plan for today is to watch to see what becomes obvious and what starts to open up because right now it's pretty slow. so nice bounce on Bb by so Macd is of course negative right here. you'll have to see whether or not it can hold over the 20 moving average. So yeah I agree.

Ben, you can see Bcab hitting the scanner there. I bought 600 shares of it. We'll see how high it goes, this one hitting scanner bcab continuation from yesterday, watch to see if we get micro pullbacks and continuation through 13.50 new order at 13 20. So order to add 1320 on Bcab, we're over the 200..

watching for a retest of 13 added 1302 right there. 1309 right there. for the squeeze through 13 20. Over Thirteen Twenty will look for a move up to Thirteen Fifty New Orders.

Thirteen Twenty Five. Add it again at Thirteen Ten This so this is one that, um, if we can break through this 1325 spot, we could get a nice move up to 13.50 and then 14.. we'll see if it wants to open up. New order 1325.

we've got about a little less than five minutes to the opening bell. Bcab was on watch for continuation, Bwv still on watch, so Bcab hit our high day momo scanner there. I want to see it break through 13, 15, 13, 20. flat.

For now, it's 70 200 loss. So with about four minutes to the open, I think that I'll be watching to see what becomes obvious. Today we've had a couple that have popped up, but nothing's really holding up. I think we'll find one.

It's just a little early. Still, probably not going to trade. um, Bed, Bath and Beyond look for something that's a little bit cleaner. Nice break on Bwv back over 50.

So we'll see. Maybe we'll get trade on this one at the open. So game plan will be to see what is obvious what starts to open up and then to jump on that momentum as quick as I can to ride the next leg higher. All right, So that's our game plan here going into the open.

Reminder as always, especially for those tuning in on Youtube. Trading is risky so make sure you take it slow. I'll be back here for the morning show first thing again tomorrow morning. You.