What's up everyone? All right? So here we are Tuesday Morning back at it and today we ended up having a big momentum stock s Oly up over a hundred percent. I mean this thing just took off I think the low of the day was around six dollars and ended up squeezing all the way up to fourteen dollars a share. I mean just impressive stuff and I was able to capture over ten thousand dollars of profit on that one stock now. unfortunately I have one red trade which was a forty three hundred dollar loss.

so my net profit today between three total stocks I traded about seven thousand dollars. It's a good day, you know, not the best day ever, but hey, progress is being made. That's what's all about. We've still got three days left in the month of May so we're gonna try to finish off real strong and see this momentum that we saw today continues.

Wednesday Thursday and Friday All Right See you guys first thing tomorrow morning! Alright everyone. so we're gonna do our midday market recap here. Go over the trades from this morning. pretty wild day, you know.

Last week we had some some really good action on Monday a number of secondary offerings Tuesday Wednesday Thursday and Friday market was closed yesterday for Memorial Day and then this morning it kind of started as a slow day and I I set my expectations pretty low and then all of a sudden we got this big move on Sol y squeezing up seventy percent and I grabbed ten thousand, four hundred, forty three dollars a profit on that breakout and you can see it right here where it started at six dollars and then all of a sudden right here started ramp up, ramp up all the way from six to nine high. a day was nine seventy five. So really awesome moves there I Feel like I did really well on that, but this is in my retirement account and in my main account. I am down thirty five hundred dollars So I had two trades in this account sfe T&P you why? I PU Why I being a bigger loss which is disappointing.

it happened really, really fast, but it still puts me up net profit of seven thousand dollars today between the two counts which is still three times my my daily goal $2,000 a day and I'm up seven grand. So I can't complain too much. It could have been a better day without that one loss, but you know this just part of the deal with trading. You're not always gonna get green on every single stock, so let's go over.

We'll start by reviewing the Gap scanner and then the trades from this morning. So this is our Gap scanner right here. I'll do right-click historical timeframe 9:25 A.m. And what you'll notice is that this morning at 9:25 A.m.

there really wasn't a lot that looked that great. It was kind of a lackluster scan, believing Gapper was the Nasdaq test stock. That's not even a real stock, it's just A test stock. so they use it for testing.

I don't know hotkeys and stuff like that so that was no good. The second-leading gap or AR MP 83 million share float now I pulled this up I saw here recent reverse split. you know, gapping up with a catalyst. however I just didn't like the fact that the flow was 83 million shares so that one was off the list.

so scratch that and scratch that. Next one down by OC Well, bye OC is below $2 which is kind of, you know. Mike my cutoff I mean I'll occasionally trade stocks below $2 but I don't usually like them and this one, if it had broken the pre market pivot right around here, actually undo that right around here. Dollar 63 the high there and there.

That could have given us a move up to a dollar 67. Well, that's only four cents per share. That's not a lot of potential and so for this one I just wasn't interested next. so this one was off the list as well.

Next one down Rek Are that ones too cheap? Didn't like it. This one's too cheap and now we have IMU X Well, I am you? X is $13 So this one's a little higher priced gapping up 18% It was starting to really take off right here, but by the time the bell was ringing, it was a red candle coming back down. The bell rang, it opened and it sold off. So no, no, no, no no.

And then this one was a maybe but didn't play out. This one's too cheap. This one's too expensive so it's not looking very good is it? MTF Be this one right down here. A little on the cheaper side I just I wasn't sure about it.

The flow being twelve million shares is maybe just a little higher. So this one I just looked away from SF et. So we'll go back to my main account and you'll see that I've got a hundred dollars of profit on SF et. So this one I did end up trading and you can see it made this breakout here from 242 all the way up to 317.

So this one was off the watchlist. Now the sad thing about this one is that I was sitting and watching it. But at this point right here when volume came in and it broke over 250. Well up until then it only had three that.

well, we had three thousand shares of pre market so that made six thousand shares plus one hundred. So six thousand, one hundred shares plus a thousand. Seven thousand, one hundred plus seventy five hundred there. So fourteen thousand shares and then two thousand here.

so it'd have like sixteen thousand shares of volume when it first broke this level of 250. Well, that's not enough volume for me and so I just kind of. I I was watching it I had the level two window up just like this I had it up I saw it but I was like I can't behind this, it doesn't I'm gonna volume the spreads too big and then it broke 250, ripped up to 260, 270, 280 and hit 317 in one candle. It just went straight up and I was like shoot, you know? well that's 70 cents and I guess that goes to show that volume, you know versus rate of change.

Rate of change is always going to be more important. but I did pass on it I then bought the first pullback right here the first woman that candle to make a new high and scalped the move here up back up to 350 but you know that was only a hundred dollars of profit. I didn't really do super well on it and then it came back down here and and then that was it. It didn't end up giving us a 5-minute setup or a second opportunity, it was just sort of one surprise move.

the first pull back on the one minute chart and that was it. So alright. $814 on that? Alright, so while I am so while I was trading that one FS I hid the scanners I pulled this up and when I didn't like about FS I was that on the daily chart I felt like it was already pretty extended I really like turnaround stories. Stocks had been beating up for a long time and they're starting to turn around like down here and once there this extended on the daily.

I Don't usually feel as comfortable trading them so this one I left alone watching the high Damos scanner and let's see oops, just go back down here. Alright, so scrolling up so then s Fe T hits right so traded that one and then Sol y hits the scanners and I see it at the scanner and I you know initially I was like okay, it's popping up here. Go back to the one-minute chart and it hit a high of 625 and 639 and right here at 639 it looked to me like there was a lot of resistance. and look at this thing, it's actually coming back up to high.

Add a halt levels at 10:08 Oh, that's that's tempting I'm gonna be honest, let me look at this 1-minute chart. I Didn't even realize it was coming back up there. so it looks like it's double topping at high a day. And there's the break.

and there's $10 on the ass. 1008 as a circuit breaker halt, its back on the high today. Momentum scanner up 71 percent now. Beautiful! Wow $10 1026 is now the halt level.

Impressive. Well, I've done well enough on it today. Maybe I won't be too aggressive here about getting back in. Looks like the good setup would have been a break of nine dollars right down here.

A little aggressive though considering the high vol candles of the day have all been read candles. That is a definite warning sign. but boy, right back to Hi a day. So anyways, when this first popped up right here at six dollars and 39 cents, it appeared that there was a pretty big seller and it dropped down to 608 for a second and so I was like wow I don't know I'm not really sure and then it broke 6:39 squeeze up to 683 and got halted on a circuit breaker and so then at that point I was like wow I'm not in it yet but okay now now I definitely am interested I'm gonna watch it coming out of this halt.

Okay so this stock is now halted on a 5-minute long circuit breaker Hall actually ended up being 10 minutes long. While that was halted here, we have PU Why I hit the scans and this one is so disappointing. So I jumped I I Saw this in the scans PU Y I and I looked at it and I was like at the time it was 614 611 and then there's 625 628 650 very similar to Sol Why just taking off and it squeezes up here 666 75 It looks like it's gonna get halted on a circuit breaker and so and look at this beautiful 1050 1066 1066 is a circuit breaker halt. This is gonna be an interesting one to watch if this does halt here coming out of the hall.

So anyways, it's not halted yet. It's got to stay above 1066, so not quite enough buying to push this right into a circuit breaker halt. Great job for any of you guys who did buy this pullback down here at $9 Really amazing breakout. Got to be careful chasing them up here.

I mean this is now extended on two, four, five, six green candles in a row. So anyways P P uyi hits the scanner, it rips up and then look at this. I mean I haven't seen a drop like this in a long time. and check this out here and here and here.

Someone has unloaded about a million shares today. What happened? was someone write on this candle, sold 250, 350 thousand shares. Someone just bailed out, someone hit the market order and sold a huge position. And you know I suppose that's always a risk in the market.

It's maybe more of a risk with a recent IPO stock because you have some insiders who have maybe one sell and someone hit the sell button a couple times today and sold some big positions. You know, another quarter million shares here. Another quarter million shares here, so you know I jumped into it. it was taking off for a second there, it looked good and then someone hit that sell button and it dropped right back down.

It's actually the first time I've ever seen a drop as quickly as that as a market order. It happened in in one second and so I lost $4,300 and I was like wow, wow you know I I just hit my max loss in my main account. see if I'm down more than two thousand dollars in this account even if I want to buy another stock. Let's say I want to buy this.

You know I'll just put an order down here at 960. It's gonna say where is this because they cannot although it doesn't pop up but it says cannot place any new long positions because I'm below my max loss. So when I hit my max loss in my main account, what I've been doing is saying okay I'm done here and now I have an opportunity either's to start the day over and I have my retirement account here which also has the same $2,000 max loss. So if I lose on both of them more than two grand, I'm absolutely done for the day.

It's been really helpful having this ability to say okay I hit my max loss on this account. This is serious I've got to slow down I've got to take a breath and I switch and now I don't see any of you lot the losses and I get an opportunity to start the day over essentially and some days I have that opportunity and I don't take it because I don't see anything that looks good and other days I see something that looks great like we had here on Sol y. So Sol y resumes from the halt and opens hi. it opens right here at 7:40 and it dips down and as it surges back up I started buying I bought eight thousand shares 737 4750 added at $8 it squeezes up to 814 and gets halted.

I've got 8,000 shares going into the hall. It then resumes and hits a high of 870. Just like that, it dips down I buy the first candle to make a new high and it squeezes up again. Second halt.

Nine dollars and ten cents and so right in this move here. I made about about nine thousand dollars. right? here is where I made my last thousand. That put me over the ten thousand dollar mark buying this little pullback and you know this is one that I kind of wrote off thinking it was done because of these three big red candles I just was like wow, this this drop here was so ugly at this time you know it broke below the video app.

It broke the low of this pullback. It's no longer gonna be a good ABCD setup, but in fact, on this one you know markets can be irrationally strong and this one is exactly that. Consolidation under nine dollars which I wasn't watching I was getting ready to do the recap and then that break of nine. immediate retest of Nine Fifty, which was this little trigger here.

that little pivot and then Hyades 975 and then boom squeeze all the way up to 1066. Now we're on a little pullback. It's a little choppy up here. We didn't quite go into a halt of course at this price.

After the stock to get halted, it needs to move really very quickly. but all-time highs on this stock are up here At let's see: Fifteen Dollars, exactly. We've got a little bit of a pivot or a resistance point there at Thirteen Seventy Seven, another small one here at Thirteen Ninety Three. The next thing that I see on the chart is Eleven Ninety Six, So you know this one.

With the FDA approval here, we'll see what it can do. I mean it's this might end up being a big of today and continuation into tomorrow. Of course, at this point on the one-minute setup, it's so extended that it'd be hard to manage risk. So probably the safest thing to do would be to wait for another five minutes, set up a pullback on the 5-minute or if I was gonna be scalping this in this area I'd have to reduce my risk with smaller size.

You see, in Eighteen seventeen thousand Cher buyer, they're at 66, so someone's kind of holding it up a little bit. Ten Seventy Seven Hi. A day Here is Ten Eighty Three 1077 1089 Eleven Eleven Twenty Five Eleven Fifty Five is the next halt going up. So this is now up ninety three percent.

Incredible high a day making new highs right now. 11:30 11:30 11:30 Five Eleven Forty Forty Three The best place for me to trade this would be if it does get halted because then I can just reestablish a low-risk entry and by coming out of the hall. 11:45 Eleven Forty Fifty Five is the halt level High is 44 Right now. now, the halt levels moved up to ten - sorry, Eleven Seventy Five.

So it keeps moving up. It adjusts based on the average price of the last five minutes. So this is gonna squeeze out some early short sellers. It's gonna get some long biased traders a little.

FOMO Some people are gonna be jumping in. Maybe at the high, it's gonna be irrational. There's Forty Five. Forty Four will drop down to Eleven sixteen, so you're seeing bigger spreads, more volatility.

I Think that we traded this during probably the lowest risk time at sort of the beginning of the move. The second best opportunity would have certainly been right here. This pullback is fairly high risk, but worked for those that maybe had a cushion to take it. So being able to, you know, find these setups in real time.

This is what it's all about. This is what we do every single day. so great job. For those you guys to capitalize today, it's gonna be a seven thousand dollar Green Day for me unless I end up taking any more trades on this one which I probably won't but you never know we'll see.

So anyways, we'll be back at it first thing tomorrow morning. Try to finish off this week and this month of May with a couple more green days and again, those of you guys that aren't already in the classes you got to get into the classes. You got to learn the strategy so you can start capitalizing on these opportunities. So I really encourage you guys to join the Warrior Starter, The Warrior Pro classes.

All right? I'll see you all first thing tomorrow morning. Bye everyone! if you're still watching, you must have really enjoyed that video. So why not subscribe and get email alerts anytime? I upload new content. Remember when you subscribe, you become a member of the Warrior Trading family.