The sentiment this week has been extremely bearish because of a lot of the midday offerings and after our offerings we had SNC a from last week and backs from Tuesday, and now we have MTR P & N MBC today. So you know it's, it's not great. For the long, so that's why why I'm loaning, I'm always really quick to sell and just scalp? Basically, and let's talk about the first trade on the day, I was actually a CEO, so this stock actually announced earnings pre market and there was horrible earnings. So that's why the stock dropped from $ 3 all the way to to 30s, and then you know the law was to two dollars right here: two dollars and buy.

If you look at the daily charts two dollars, there's a lot of support around here right. If you don't look at the trading day in from today, you see a lot of support these few days and over here and then right here. That's where all the wicks are. When you see wicks, it means that there's people buying and this big buyers buying all the dips and anticipating a huge rung up.

So that's why I was actually bolus of CEO really early on. Remember the stock dropped from $ 3 to $ 2 right, and this is one of those cold stocks where every time it gaps up, there's a lot of people piling on short. So when a stock drops from $ 3 to $ 2 within 20 minutes and opens up gapping down, what do you think it's gon na happen right, the short have to buy to cover and the stock triggers SSR, and that's why a lot of times we get These epic, epic bounces - and this is a cheap stock and the the bottom is extremely thick. Six million shares traded in the first three minutes.

You can use any size you want to. So that's the play on this F CEO right. They have bad earnings, but we want to loan the front side and risk in two dollars, two dollars daily support level, and we can see some really nice bounce on this play and that's where I started in smaller size, pre market. This is right before the market opens.

I can see that was heavy on tape. It was already really really heavy a lot of selling and that's why I want to leave room to add risk into dollars and like starting here and got some more here added to fall, size or selling into the push right. The first sale was 227, but I was holding majority selling into the the major resistor pre-market area around 237, and up here, 243 was a best-seller, I think 1/10 optic. Of course I never top stick.

You guys know that I just know my risk/reward and was selling into pushes and taking advantage of this liquidity and this volume push at the open, and I was done for this trade - the other train we saw earlier and trp so this one they did end of The day offering and that just crash your stock from 270 all the way to 150, and that's why you don't want to outstay your welcome on these kind of sketchy penny stocks. I came from penny lens. If you can see the stock, it was trading around. Like 90 cents two weeks ago and above a dollar couple days ago, and now staying squeezed all the way to $ 4, really nasty manipulation on these kind of small cap stocks.

So if you can't take the risk and just don't treat it or you can trade like me low on the dips and sell the into the grips, never outstay your welcome, I could say: oh, I saw too soon 340s. I could have held to 380 switch on the daily. You can see it here, but on the daily 380 370 area is where the 200 SMA is around here. So it kind of lines up, but you know if I had sold up there, I would have been really happy, but I'm happy I nailed and bailed and never went back when you out say you're welcome.

This is the kind of you know shenanigans that can happen. Late day on, these cannot sketchy penny stocks, so the top watch for me this morning was actually this mid cap stock spce. This is a three billion market cap company. You can see on a daily chart, we've been going straight up from 11 dollars all the way to 20 dollars, and today is the first morning where we cap down pre market.

So I'm looking to actually long this stock and you can see the plan written out before the market opened then before we entered a trade that we have have a plan written out every single morning. I'm looking for 1762 $ 17 for a dip by why? Because this is a larger sorry, mid cap company right and the day when they bounce, they usually give you a very nice dollar, sometimes even $ 2 pounds. I got along here and added to full size down here. Remember: 1760s! That's the area at plan for and that's the area I was watching right, 1760s and 1820 was the trigger.

So I started in here and added to full size and started selling some just on the push and selling some even more. The final sell was so loud $ 19, so that's a nice $ 1 dollar, forty cents, bounce on the whole position and when you playing out your trade and wait for your entry, that's all you need. Oh, you only need one trade to make your day and by the way this is a mid-cap company. So I trade more than just penny stocks.

I trade. Whatever the opportunity, gives me some days. The penny stocks tickle will be better and some of the days at mid caps and large caps are going to be better anyways. So that's the biggest winner on the day and some of the smaller winners, which I never added to full size by the way and and VC a scalp this one short, I think near the end of the day after this unhold downwards, I was not involved in It all together at all, no more short on the front side.

I I got some short hair trade. Zero didn't have many shorts available. I think I only got a starter size. I started in here short covered some on the wash your suit pay myself a little bit and added some more here on this week bounced and covered some more here, and I was looking for a flush breaking beneath five dollars and holds beneath it.

But this wick got me really a little bit concerned about holding it for a bigger move downwards. I feel like they're, trying to hold it up for something else tomorrow right. This is also up in the use of the Chinese virus, even though they announced offering a couple of days ago at $ 3. So the whole thing you know I just want to be more cautious on this.

You can see this gap down from $ 14. All the way to $ 3 after the ATM offering so I was still even though I was short - I wouldn't be cautious. So I just got all my rest of my position here so small size, shorts, a nice decent, profit, nail and bail. I didn't want to hold overnight or anything seal DX.

This isn't still a nice short, even though I never added to full size, because I was distracted by spce. I started in short here: 3:15 Syria and I was covered into the first watch, just partial size scaling out and leaving me room when if it does bounce and retest $ 3, and that's where I would add, never got that bounce because it was extremely weak dumped From tooth 80s and they open all the way to $ 2 - that's 80 cents right there. So I cover some who are here covering there more and after this I only have a quarter size left in hindsight I should add it here, but you know I was waiting. We test to the highs to add so you know I covered the rest here and I was all out on this that they want to swing this short over night.

So I'm sad to say that I'm ending the week with red day on the day on a Friday, Fridays are historically my worst trading days and today is definitely one of those days where things didn't work out. No huge losses, but you know still trade. The two tickers and they were both red. The first loser on the day was snapchat.

I was just buying a tip on this. They had some positive news and multiple upgrades, but a thing with snapchat is that it follows the market quite closely and spy was something right at the open. After this overnight gaba pre market, we just sold off at the open, so snapchat did really similar things, and I was happy about my entry. I was really patient and waited for the sell-off to know to slow down and it was waiting at these dip levels right.

If 1940s wasn't gon na holding I'm gon na wait for 1930s and I got in on this entry, you could say that I should have sold for like 10 cents, but I was looking for a much bigger move and much bigger retest to the highs, and we Then get that and I stopped out around the previous day's close with some slippage. So that's a first loser on the day lost about 10 cents, 10 and 11 cents per share. The next stock is tr. Il this one is just a continuation technical play from the previous two days.

We were looking like we're, starting to go parabolic on the day B. We bring up for three days and now, on the fourth day straight or we break above the pre-market highs today. In previous day's highs and that's when the stock was starting to squeeze - and I was thinking we if I longer dip, I can see a potential retest of the highs and $ 5 515 on the daily, because the daily looks really nice. There's a lot of upside.

So I'm really happy about my entry again like I wasn't chasing, I was waiting for a tip. I got aim on this first majorette wash beneath V WAP and you could say again: oh I should have sold for like 20 cents, but again that wasn't the move. I was looking for that, wasn't the plan, and so I got in around 447. You know I didn't sell anything around 468 and it just starts reversing, and I got stopped out here according to plan, the stock is not dumping.

This is why you always need to have a stop doesn't matter if you use market order, stop like I do. I prefer that or if you manually stop doesn't matter, you just have to follow your stop. So ending this Friday read and then add a read, but I'm still up on the week again, I'm yeah I'm frustrated about losing today, but I'm having along my executions. I've followed my plan for entries and exits and there's no formal, no over trading.

You know today's just not the day for me to you, know, make money and also I've been getting a lot of questions regarding and we can watch this. You can sign up with the link in the video description. It's not a hard. It's on the top link.

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