What's up guys happy monday uh we had another gap, update again uh. It seems like the the norm now: every single monday pre-market uh and i traded a couple of different stocks uh in the bitcoin stocks, the tech stocks like pltr, the small caps like ocgm, and so let's get into it. To be honest, i had a pretty rough start to the day with the long trade on pltr uh and the traders didn't work, and you know i had lost a lot more than i had anticipated. Um pltr is a stock that i was bullish on because of the the ibm contract news they announced pre-market and you can see the stock started.

Gapping up from previous day closed 34s pre-market. We were at um 35s and then we went all the way to 38 pullback and then we squeezed out to new highs um at 39. Now i was looking at a chart on a daily. It looks really bullish and i was actually really patient with my entries too.

I waited for um to form a bottom, so you know, technically speaking, that's a that's higher lows and we can see we broke out about v1. We pulled back um. That's why i got my first entry in around 38 dollars, i'm thinking that we're gon na retest the highs and potentially more highs on the daily chart. So you can see i longed around the 38 and added to full size.

38. 50S. I was looking for a high of a day, breakout and uh, potentially higher to 40 dollars and um just no follow through whatsoever. You can see after this wicked, around the the double top here around 3860s.

I was thinking - oh my god. This is gon na fake out. I was looking at the charts. I was thinking some fake out, but my risk level was down here around the 37 60s.

37 50s. So you can see pretty much after added to full size around 38.50. That gave me an average of around 38 30s um the stock literally just wicked and then double topped and then sewed off back below v wap, and i hit my stop around the 3760s 3750s. So that was really frustrating and that was the first trade uh.

To start the monday, for me i was i was i was. It was not an ideal way to start the week, um and the stock just kind of sold off so um. I remember i was thinking at the last time i traded pltr. The stock tends to sell off the breakout after a huge gap up.

So that's something i'll keep in mind, and but it was a little bit. Frustrating um having the first trade on a monday, be a red trade on full size, so that was not fun, and that was a rough way to start. So after that loss on pltr, i was looking at riot and mara. Both of these plays were the are the bitcoin hype.

Stocks, um and bitcoin just hit new new highs at forty four thousand forty five thousand um, with the news that tesla acquired 1.5 billion dollars worth of bitcoin in january, so that's very bullish for the entire sector. So that's why i was bullish and loan bias on riot um, and i was looking at this. You know at this area. It was around the time i was trading on pltr and it looked like it was gon na sell off the gap too, just like pltr.

So i was really patient for this. I wanted to show that it's gon na make higher lows and trend up, and it did - and i got long here only a star trek i missed my ad here - would have been a good ad around the 29. I had a starter around 2960s missed the ad and the stock just took off and went to 31 and seeing that you know this was pretty much almost two dollars a share. So i sold my riot stock um, but i think there will be more continuation to the upside, maybe in the afternoon, has upside to um, 32s and 33s, possibly especially if bitcoin continues trending up higher um, so that was a decent base hit, especially after the pltr Loss that kind of that was kind of very, very frustrating for monday, so that was a decent save.

Now the next stock is ocgn. This is a stock i really piked out on um, and there were it was. There was a lot of conflicting factors for this um, and the reason for the stock to be up is because they announced offering news um, i think after the close on friday, but the pricing was 780 or 760, which is was at a premium um above the Previous day closed price at 520s - and i don't know if you guys have been following the market a lot of these recent small cap offerings they kind of get bought back up. So it's not we're not in a market where you can just short things with offering um.

So if you look at stocks like mdm um bngo, all those offerings got bought back up and they ripped new highs. Ocg and the price action was a tough read around this areas. I really thought that they were gon na gon na kind of kind of do like a spike and dump, especially after they'd done it once twice three times every time they spiked to the 1230s and 1240s, it dumped back to the low eleventh, and especially after this Giant candle around the the twelves breakout to 13th and just slammed right back down after this candle. I really want to short it um, but but the fact that they they bought up this dip uh was kind of it's kind of like a red flag and usually after this kind of candle, the stock should just break down view up and tank back to the Openings around the nine dollars, but the fact that it didn't dip the low v-lab had me very, very, very kind of uncertain about the short side.

Uh and - and i was cautious on the long too, because after this rug pole candle right, you can see the the breakout broke about 13, so i got rejected hard. That was also not bearish, sorry, not bullish, so it was kind of like 50 50. At this point, and especially after my loss on pltr to start the day, i was not happy um, so i left it alone and that ended up being a really good decision, because the stock later reclaimed went to new highs. A lot of people were trading this on the long side, uh wow.

I didn't join them because i was trying to watch riot and mara and also gme, but the stock you know just made new highs and finally, over here i was saying that they were doing the same kind of trap. You can see they broke to new high dumped to around 16 and made the lower high here and finally around here i saw that they were doing the same trap as they did here. You can see this thing went to highs, pulled back, held the prior highs and then you know this is a higher low and then ripped to new highs. So they were doing something similar here right just by observing, even though i didn't take part in this initially, just by looking at how the stock trades um, you can kind of make some pretty educated decision making on whether to long or short, the stock and the Setups right, this is a huge trap.

I'm not saying that. I knew that. I only know that, because i saw it play out the first two hours, the stock made new highs again here to 1750s, pulled back right to this dip around 15 60s, and this thing held it held the prior highs, and this thing this is forming a higher Low, so that's why i got long, no, not a big size, just because we're all the way up here, but if it held no, this thing has decent upside to 20s um. I got long here around the 1670s and sold something to this sold remaining more.

We at the back thinking that we're going to get a huge break out to 19 and potentially 20 dollars when this thing kind of had had some trouble around here. That's why i sold all of it. Um so ended up being a decent decent winner. Um you don't.

This thing has such a range that you don't really need a huge size to make decent profit. There was still definitely like short plays on this um, but i was just trying to be careful because i noticed that a lot of these smoke caps are really trappy um on the for the shorts recently, and also the stock is easy to borrow ocgn. So that's why you kind of want to be careful with this, so after the full size, loss on pltr and the small wins on riot and ocgn, and pretty much it's break even on the day, so nothing to be excited about here i had a tiny small Scalp shorts on ame around the 950s, you can see the stock was in play on friday. This thing sold off all the gap um.

So that's why, on the spike, you know after like one two, three four four halt uh. I was shorting this around the 750s and you know tiny, tiny, scalp, so another small winner. So today to be honest, it wasn't really worth uh waking up early for didn't really get any uh decent moves and uh. I think especially the when the first trade on a monday uh was a full-size loss on pltr.

That kind of hurt my confidence, but maybe in the afternoon we'll see more plays before we do our q a. I want to introduce you guys to my new plant. This is literally called the money tree, so i picked this up for chinese new year this week uh. So this thing should be easy to take care of so um.

So it's looking pretty fresh and pretty green right now, i'm gon na name her moolah. So my two planned babies here they are best friends now and together they're, going to make sure i stay green now time for some q and a's i've been getting a lot of questions regarding gamestop and gme uh. Do you think, there's still any chance for squeeze and etc etc? So, if you guys remember the last video recap on gme, i talked about that. I'm waiting for the first screen day to go long and we had the first green day on friday.

I don't know if you guys traded a stock, but on friday this thing ripped from 55 all the way to 90 dollars. I did trade it on the long side um, but i was out by like 70 dollars because i didn't think we're gon na go to 90, as you can see here, so that was a decent um loan trade on friday and uh. To be honest, you know the stock, the the breakout didn't hold. If you look at the daily chart, this wick right here, it just means that every single breakout people are trying to get out of the stock so that if there was a squeeze move, it's already happened, and that was on friday.

This thing squeezed from sixty dollars to pretty much a ninety dollars, so that was a squeeze move and i'm only looking to day trade, the stock - and i was looking for something similar today. Actually, but this thing just could not um hold the breakout and cannot stay green on the day. You can see gme today off the open it just spiked and sold off below previously closed and now we're back at 59 from opening of 73 dollars. So i'm only looking to day trade, the stock - you know - i i don't know if we're gon na get a big squeeze, but for the meat to go long on the stock, it needs to stay green on the day, which is not doing right now right.

I need the same kind of setup, the same kind of action on friday, so that was a decent play on friday, but i just didn't see that today on gme um. So that's why i didn't trade gme today. So the next question is from carlos he's asking if it's a good idea to buy stocks on the first minute of the open, or he should wait a little bit um. I think my answer to this is: you should wait a little bit, especially when, if you don't see a setup off the open, if there's a setup sure you take it, but generally it's a good idea to wait.

If you remember all the trades i i traded today like pltr riot, i let them kind of set the highs and the lows of the day. First today, especially on a monday before i went in long, but you can see, even though on pltr, i lost money, but it was a calculated loss after i know all the levels for the day, it's a very same idea for riot and same thing for ocga. I think waiting and being just being patient for your entry um is gon na help a lot in your day trading, especially when we are in such a volatile market. If you have any more questions, feel free to leave them in the comment section below, and thank you guys for watching i'll see you guys next time, hey guys thanks for watching.

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