All right, good morning everyone. Well, it's about uh 8 54. and I'm sitting down here looking at a sort of slow Gap scanner for Friday morning. Not a lot of breaking news.

Thank you folks who are tuning in on Youtube. Appreciate you joining us for the morning show. Remember, as soon as you get logged in, hit that thumbs up. Makes a huge difference for the channel Today I'm going to break down the watch list what I'm looking at.

I'm going to give you a walkthrough of how I find stocks to trade. I may even take some live trades during the broadcast. I'm a Momentum Day trader, so anything I trade will be quick trades and we'll look to get in. Add Ad profit at Ad Profit, so assume that I'm actively trading.

I'm not a long-term investor. I'm not going to be holding anything for uh, hours or days, or certainly weeks or months. These are quick trades. I encourage you to trade cautiously and don't try to blindly follow me or anyone else.

Youtube by default. Uh, the broadcast is delayed. We do run an ultra low latency broadcast for members over at Warrior Trading. You're welcome to join if you'd like.

If you want to be on Youtube, that's fine too. But uh, just be mindful that Youtube broadcast is a bit a bit delayed. Uh, thanks. Um, so let me.

I'm just gonna give that to my Um, pass that on, pass that message on. let's see. Okay, Um, so let's see. Uh so this morning as I sit down again just to let's just start with basics.

Every day there's a market here, the U.s stock market and there are thousands of stocks to trade. How in the world do you find one or two? Well what I'm going to do is I'm going to look at my Gap scanner. I had a development team build this for me so this is my own software and this scanner is searching the Us market and it's filtering all the stocks. It searches the entire market and it gives me back this list here of stocks and the top of the list.

It's sorted by Gaap so all it's a little bit bigger stored by Gaap so I can go Gap down or I can go Gap up and my biggest gap. The leader this morning is Mdvl. so Mdvl is a stock this morning up 37 Now the move started. it looks like, uh, yesterday and continued after hours.

and it's actually pulling back a little bit right here. So when I look at this chart, I can realize that this isn't really probably my favorite chart pattern. It's actually not that interesting to me, so I'm probably just gonna not trade this one unless it gets over the pre-market pivot which is right here around uh, 220 and then up here around 240. But even so, I'm not sure we'll see.

Okay, so second leading Gapper in the entire market is Bwv. Now this is what we call a dead cat bounce. Sold off 80 yesterday, bouncing off the low. Not really a big fan of that setup.

I'll trade it occasionally. I'd prefer to trade front side of the move clean Momentum, backside, or dead Cat bounce. Not my favorite. So I'm going to leave this one here.

Um, and move to the next one. Ndra gapping up 25 Moving down the Gap scanner just a little bit. 43 million Share float. So that's the number of shares available to trade that represents our supply.

These everything in these columns, depending on where you're at in your trading, are worth looking at. So we've got. Uh, so we've got float. The float is, uh, the number of shares available to trade higher float stocks.

Certainly really high float stocks like Tesla or Facebook, Bank of America. They're pretty much never going to be on this scanner because they're never. They're almost never going to be gapping up. Seven, eight, nine, ten percent.

It's very, very rare. The type of stocks that will be on the scanner are usually small cap smaller companies. uh, moving up. usually on some type of news.

So that's uh, Ndra. but it's a little cheap for me. Uh, 56 cents right now. Going down.

one more Bfri Bfri is. uh, gapping up 23 priced at five dollars and it's actually one that we've traded before. It was a blue sky setup and that means it had no resistance when it was squeezing up there to a high of 14.. this is the back side of that move.

not as interested in trading it On the back side of the move would have to move up quite a bit more. Um, Ater is a 60 million share float. I color coordinate this so lower floats catch my eye. a little bit more than the higher floats.

Uh, sst this one I already have a trade on. You can see I'm up 1469.78 and on this one, my trade was the breakthrough. Uh, right here that started to curl up and so you know we got a trade there, but it wasn't Wasn't like a home run by any means, but you know that's okay. The thing on this one.

It's a little tricky because it had this candle on Tuesday, went all the way up to 37.10 It's a pretty pretty wild candle, so we'll step back and look at our chart. You can see the stock pre-market This thing went from uh, 18. It went up over 100 in about 20 minutes. Pretty pretty wild.

Um, this one does have some attention on wall street bets. There is some, uh, there's definitely some yolo trading on it. I've seen some posts about it so there's some traders who made a lot of money on this move. Came all the way back down and now it's been kind of grinding back up and I guess the question is, you know, does it? Where does it find resistance right? So we've got a little bit of ascending support in this area? Perhaps.

uh, descending or ascending resistance? I might draw this line a little differently on the back side here. Maybe a little bit more like that. So we're kind of. You can see we're sort of just like in this channel.

This is the channel that we've been, uh, trading within. and it did. It's been riding the top of that channel and trying to break out, so if we do break out and we start to pull away, well, what's our natural target, It's got to be the high. Of course this is all-time high on it.

37-10 so you know those are levels to watch, but I just don't know if it actually is gonna have the strength to do it. You know that's that's the big question. so you know it's worth watching. It's a bit of a wild card stock because it is a higher priced stock with big spreads.

The risk is higher, but if it goes and it becomes a winner, it could be a big winner. It'd also be a big loser, so it's it's gonna be a little bit of a tougher one to manage risk on. just because big spreads means it's volatile and you know we're just not sure how clean it'll be. So that's Sst.

So this is the only one so far I've traded. I'm keeping this one on watch. Um, we did have Spfm from yesterday which made a nice move into the close from nine all the way up to twelve. Now it's pulling back all right.

So yeah, you know this one finally got a big clean breakout to a halt, dip, and rip into after hours squeezing all the way up to 12. Short covering. But now it's rolling over so I don't really have too much interest in Spfm. It's on the Gap scanner down a little further, gapping up eight percent.

Note: Was that not a halt? It looked like one on the Uh chart, but maybe not. Looked like a halt right there. No. Okay, so it looked like it came up to a false halt, pulled back, and then broke through.

Was it a false halt? Yeah. So uh. In any case, so that was Spfm. And yeah, so that's our, that's our leading gapper.

Those are our leading gappers. I'm really looking at the top five. I mean, you can go further down, but my goal is to be trading the most obvious stocks each day. I actually want to be trading the same stocks that everyone else is trading.

You know, some people might kind of be the type of trader that's trying to find the stock that no one knows about trying to, you know, predict which one's going to be next. I don't really try to do that. I found that to be pretty difficult. I just trade what's moving right now and what everyone's focused on.

That means going to have high volume, generally good liquidity, above average relative volume, and those are the ones where you can see where I've just seen in my all my years of trading better action. So I'm going to focus on what I think is obvious today. That's a little bit of a challenge because Sst, If you're gonna say that's obvious. Well, it is the sixth leading gap or seventh leading gapper.

you know, Mdvl. Usually I like to be trading the leading gapper because I think the leading gap is the one that is going to be the most obvious, but the leading gapper today. I just don't really like that chart. I don't like the float and it's only up 39.

Now it's 905. So it's certainly possible that we'll have some breaking news or something between now and uh, you know, whatever. Um, 9, 30, or 10, or until I stopped trading, it's certainly possible. But uh.

so the the second way that I'll find stocks to trade is on this momentum scanner. So this is a high day momentum scanner and this is I like to call this. Kind of like my radar because this is what's searching the market in real time or stocks moving. Now this is this is a list and this is helpful, but this is a little bit more of a inventory of what's up today.

This is what's moving right now and this is usually. you could see Sst was on This earlier. This is usually where I'm going to find stocks to trade. It's going to be.

Once the bell rings, it's going to be stocks that are hitting the scanner and moving up quickly. In fact, I think that's where I found Sst the other day because it was not actually something I was watching very closely as a Gapper, but then at the open it started squeezing up. So as it was moving up right here, it was hitting my scanner for hitting new highs. So yeah, at this point, um, you know it's possible I won't take any more trades.

It's possible that um, you know we'll have a ton more trades. It's one of the things with trading is it's so much of it is just the whim of the market, whether or not we have news, whether or not something that does pop up with news catches the attention of other traders and you know I'm just riding the momentum when we have it. and when we don't have it, Well, I've just got to be got to be patient and that's not easy for me. I like to trade.

I like to be trading every day. I'm very aggressive trader typically, so days where I have to sit tight are challenging for me. That's for sure. A reminder.

Monday at one o'clock I'm gonna teach a class. It'll be a live broadcast on Youtube same as last Monday. Uh, where I will be teaching. Uh, a scalp trading strategy.

So scalp trading is when you take really quick profits. Quick entries, quick exits. usually smaller positions. Well that it's smaller because it's harder to scale in with really big size, but larger than maybe a trend trade in order to profit from a small move.

Anyways, that'll be on Monday 1 pm Eastern. it will be recorded, it'll be archived, so yep, you can plan for that. And yeah, um, right now we're kind of just in a, um, a little bit of a little bit of a waiting game for something to start to open up and and look a little bit better. Let's see.

So thanks again for those. Uh, tuning in on Youtube. Appreciate you guys being tuned in and hitting the thumbs up. Always appreciate you sharing the broadcast as well.

Rachel took a bounce off support 30 80 out at 31.28 Hey, that's 50 cents. Just about right. That's that's a good trade. So the dip off of volume weighted average price.

Yep, hit a low of 30.50 Popped up there to 31.53 So that was probably like a you know, three minute long trade entry exit. Probably not the type of trade you'd be scaling into on a dip just in and then back out. Good job let's see Um for those over on Youtube I'm going to give you a link to a video you should check out. Let's see so those who haven't uh, checked out.

this video this is a A Throwback video V Wap Volume weight average price So this is a video of uh live broadcast trading just like just like today except I made over a hundred thousand dollars trading. Im Rn dgly ent M-i-s-t I-z-e-a So that is a video you guys should check out. Um, I'll put the link in the description for those that are watching this a little bit later. If you're looking for a little bit of a another video to watch, probably find that one interesting.

I'll pin that to the top of the comments for the live chat for a few minutes. I'll put that in here too. That was A. That was a cool video That was a nice nice day.

What is my net worth? Well a uh gentleman never asks and a lady never tells. My goodness just going straight forward today. Well you know I turned 583 dollars into over 10 million. So got to be at least 10 million.

So I will do a uh video on taxes because that is definitely a hot topic and this time of year I'm sure a lot of people are are thinking about it that tax day coming up here. There is a lot that you can do to mitigate your taxes and one of the best things you can do is by trading in a retirement account. Create a retirement account and you'll pay no tax. So that day, um let's see where I made a hundred thousand dollars That was part of.

Um, let's see this month here in June. So this was June of 2020. I started the month with fifty thousand dollars in my account. I had 50 000 in my account at the beginning of June.

Well, I sent in 50 000 but they took a 15 wiring fee. so 49 985. At the end of the month, I was sitting at 792 000 right there. So that was, Um, that was the best month that I've ever had.

And that was, uh, 700 000 in this account and then another 250 000 in my other account. It was a million dollar month. I had a couple red days, but I had a couple of phenomenal green days. 225, 224, 115.

I mean, it was. It was wild. So that was, uh, that was one month Now the best month I've ever had And so it's a good opportunity for me to remind you, hey, trading is risky. My results are not typical.

Most beginner traders lose money. All right. So the story of how I learned how to trade was a long. It was a long journey and it was extremely.

Uh, it was scary because I didn't have someone that I was able to learn from. I didn't have a mentor. I was trying to piece together just everything I could find piecing together things on youtube, you know, blog posts on just you know, people writing blogs. It was for me trying to reinvent the wheel in a way.

There were obviously profitable strategies that people were trading in the world, but I wasn't able to get connected with them and so I was on my own and it was really stressful. One of the first things that I did was Google Penny Stocks. I should buy. What are some penny stocks that I should start trading because I thought, well, I've got a small account.

You know, I can't afford a company to buy shares of like Ibm or Microsoft and I didn't have these tools so I didn't know how to find the right stocks to trade each morning. And you look at Ibm or a stock like that on on any given day and you know they're not really moving. I mean, their range. How much is Ibm up or down today? Less than a percent? Probably right.

It doesn't really move, so you know you think well. what am I going to do by 5 000 worth of Ibm? I mean it's if it goes up 10 in six months I'd make 500 bucks that's not going to work. So that's why I started focusing on penny stocks and I was, you know would Google hot penny stocks to to buy and I guarantee you if you Google that now you'll you can see tons of pages and you can sign up to tons of newsletters. They're gonna start emailing you Otc penny stocks that you should buy.

You know these Triple Zero stocks. Point Zero Zero Zero Three Point Zero Zero Zero Four. Whatever. These this is the next hot penny stock and I tried trading those and then I had a couple of lucky winners and then I had a couple of really big losses.

And that's when I realized okay, this is not consistent. I I and I'm just basically um, every trade felt like a gamble And so what? I started, Um, learning And this was through the period of about 18 months, two years I started learning about charts, started learning about level two. I started getting dialed in at trying to find what was consistent, but I first had to try large caps. I had to try options, I tried penny stocks and then eventually you know, the kind of last place I found were small cap stocks.

It's not really at the you know, top of what you would probably naturally look at. So they were one of the last ones I found. and it was. As I started seeing other people out there using these types of scanners to look at leading gainers and I started realizing wow, you know these stocks like you know, an Sst.

I would look at them. In hindsight, you know what was the big mover today and I would be like whoa, look, ssst or sst, You know what? What do these stocks have in common? What's going on that allowed this to go from 20 to 37 in one day? This is crazy and I started just trying to figure out what was the common denominator on those stocks. And generally speaking, they have a float of less than 50 million shares. They generally have some type of catalyst driving them higher.

They're generally priced under twenty dollars. They usually have extremely high relative volume on the day they're moving up, and they become on that day, the one of the leading percentage gainers in the entire market. Which means traders with experience they're using these tools are seeing them at the top of their list. They have the highest relative volume in the entire market, and these become obvious stocks.

So then the question is, where do you trade them And the easiest way for me to trade them was to look for bull flags, flat top breakouts, and these types of patterns that are instant resolution. So for instance, like right here, you know a breakthrough. The high of 771 gives you an instant trade up to 8.44 and you know that is like a scalp trade. That's what we'll be talking about in the scalp class.

On on Monday, you know that's a scalp trade. You get in and you take a quick profit. 20 30 cents. Maybe it goes further, maybe not.

But you get in, you get out. And by focusing on one trade a day and trying to be consistent, one entry, one exit. done. Okay, a thousand shares, 20 cents.

That's 200 bucks. You're done for today. Try it again tomorrow, and you know eventually through doing that and becoming disciplined at only trading the right types of stocks to trade, I started to turn the corner, but just as easily I could have, uh, kept losing money. And I could have.

By the time I was turning the corner, I had about thirty thousand dollars of credit card debt. I had gone from having a hundred thousand dollars that my dad left me when he passed away to having thirty thousand dollars in credit card debt and twenty five thousand dollar trading account. And then I lost 5 000 from it. So I took a big loss down 5 000 and in order to get my account back above Pdt 25 grand, I had to sell things in my garage, sell things in my barn, sold an old car, I sold some Mercedes old Mercedes parts that were in the barn, and I raised enough money to fund the account one more time.

Back above Pdt 25 000 and I said I can't afford to screw this up again. I have to take it seriously And and I did. And you know for me, my back was against the wall before I started to turn around, but that was when I turned it around and it was. You know, not everyone's Sometimes you're not going to turn around.

until you've kind of hit rock bottom because you will keep saying well, I can always add more money and you'll have those days where you think, oh, I can keep going and keep going. But part of my turning point was going through this period of having you know three four weeks of profit and then giving it all back in one day and then another three, four weeks of profit and giving it all back in one day. The problem was I was also taking profit out of that account to pay my bills and to try to keep up with those credit cards. So every time I would have a drop back down, my account was going lower and lower.

So yeah, I've I've hoped that providing the educational content that I have is a way of sending the latter down to those of you that are trying to learn and are trying to get you know off the ground and figure this out. It's not going to happen for everyone. Trading is risky. We just know that.

My credit score now Bruno, Thank you. I actually did Max at 8 50. I got a perfect 850 credit score. It's pulled back a little bit but I did Max at the perfection.

I do take pride in that and that's important that allows you to take low interest loans. You could take a low interest loan. You could buy a piece of real estate. You can then get a tax deduction on that.

I mean, it's it's part of positioning yourself for long-term success. You get a loan to install solar. You can get a big tax credit on the solar. I mean, there's all things all these things you can do, but you need to have good credit.

And even when I had high credit card debt, my credit score didn't really drop. Because I was paying the minimum each month, I wasn't missing payments. I did have a higher, um, available credit to you know, revolving credit ratio, so it wasn't great, but it wasn't I mean it wasn't like I had really bad credit, I just needed to pay the minimum balance at least each month. So we've got eight minutes to the opening bell and unfortunately this morning we don't.

Uh, we don't have anything that's really looking awesome, so that's a little disappointing. Uh, our Gap scanner hasn't really changed in the last 30 minutes. I mean, we've got what. L Y R A moved up a little bit so you know you have the stock.

Is there news on it? What's the? What's the catalyst? I don't see the news showing up right here. so a Pl pro. So is this a placement? um, gross proceeds of approximately 100 million before deducting offering expenses? Yeah, so it's a private placement. Um, 422.

See I I'm not as bullish on that type of catalyst That's not a Walmart catalyst. It is up 30 percent, but we'll see if it keeps going. I'm not sure. You know and you can always be wrong.

I I could be wrong and it could go higher and I'm like, ah, shoot, and if it goes higher, it can always jump on a pullback if it's really strong. But that doesn't feel like from all my years of trading like the strongest Catalyst. So well. it's Walmart.

It's Amazon. It's you know, Netflix. It's Apple, Google. I mean it's it's partnerships, small cap companies and we focus on small cap companies partnering with big companies.

That's that's what can be a game changer. I mean, that can be a lifeline for these small companies. Mnts is pulling back at this point Spfm so not liking that drop. So that one's done Tyler, Yeah, I can make a note on that.

Thanks Sean! I appreciate that those on Youtube really appreciate you hitting the thumbs up. Thank you for being tuned in this morning. So yeah, right now it's just kind of sitting tight and waiting to see if anything um pops up here. We've got five minutes of the opening bell so again reminder Monday morning show as as usual.

Early and then one o'clock I'll do a free class on Youtube. I thought I did an interview with uh Jorge No? Is that not in the No? Oh okay. well uh, I'm happy to do one. Um, he was in the zoom calls.

So yeah, Jorge, just let me know if you want to do it. Well, that's to the Profitable Traders interview. Well Eric. So one of the things you know if you have someone making um, big claims, we ask for them to verify profitability if they choose not to.

Then we say well, you can't be making these crazy claims in the in the chat And that's the problem because all of a sudden everyone's like oh my god, this person's made a million dollars in the last three months or whatever it is, well have they really prove it. So that's all. And if they get their badge then they've got their badge. That's fine.

If they don't then we say well, all right, you can be in the community, but you can't chat or if they say well, i don't want to be here anymore then that's fine too. So yes, you can turn on audio alerts on your high day momentum scanner strategy right here and then you can turn the audio alerts on as you'd like. All right, we've got two minutes. the opening belt those you guys on Youtube.

I encourage you to check out that video. We'll put the link uh let's see probably top corner up up over there. Uh, there'll be a little card to check out the video of me making a hundred thousand dollars in one day. That was a lot more exciting than today.

So check out that video if you want to watch that for the next hour. So I don't think I'm going to take any more trades today, but I'm going to sit here for the next hour and a half with our Warrior Pro members. We'll see. Maybe maybe I will take more trades, or if not, you know we'll do something else and give them some some educational content and cover a topic that they're interested in.

So make sure you check out that video if you haven't already and I'll see you guys on Youtube back here on Monday morning. Reminder: As always, trading is risky. Most beginner traders lose money, so please take it slow. Don't trade money.

You can't afford to lose writing a simulator before you put real money on the line. I'll see you guys first thing on Monday morning.