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So all right, good morning, everyone welcome back um get over to my notes, so um. The theme for today certainly so far looks like it's gon na, be the social media spax the cfvis, which rumble you know, d-whack p-h-u-n, remember: p-h-u-n, ran with d-wack back in the beginning, so kind of feels. Like that's the theme for today now one thing i will say um and a lot of you probably know. What's about to what i'm about to say, is it kind of feels like so i always struggle with explaining this, because one of the things that that we trade as as short-term day traders, okay, you know and you'll hear me say this concept a lot we're particularly Trading, you know, mania, emotion, fomo, irrational exuberance, okay, that that and that's a point.

I try and you know, hopefully share and teach you. You know it's, it's not so much the three or the four letters or the company behind it. We're we're trading the emotion, the madness behind the idea anyway. That being said, i want you.

I i think that the best play is to let these things shake out at the open and see if they survive in the afternoon. Now again i know you're like oh, you know tim. You say that with sketchy biotechs yeah, i know i do pretty much. Every day we got a sketchy biotech, i'm like hey midday, late day, dip and rip afternoon.

V-Wap holds, but you always got to understand the lens that i am that i am giving these opinions and this analysis based on i'm under the assumption, and i think it's a safe assumption, you're new to trading you're new to these volatile stocks. You probably keep trading at the open losing losing losing. You can't figure out why your win rate's so terrible. You know why you get in these stocks and then they ultimately work and you're like what happened.

I was in it, but it stopped me out and then it went. The point is, i think, there's just so much emotion, so much mania in these social media specs. That i mean that's, why i mean look at cfi, who i mean listen who's buying at 4. Am okay who's buying at 4 am short sellers and fomo bros.

You know people that are like. Oh, i got to get in. I got to get in. You know the trump social media spac closed their one billion dollar pipe.

You know all the! So that's my point: these are my number ones: cfei, dwac and phun. I think they should be your number ones as well, if you're short-term day trading, but i just it, they just really feel like there's, there's too much fomo here and i'm just afraid of a big pole at the open, and i would rather have wait for that Afternoon, confirmation or not touch them at all, okay, i'd, rather just hey. If they fade, they fade then get stuck get involved and especially as you as new traders, i mean listen you're, probably here, because you struggle to stick to the plan you're, probably here, because you struggle to stick to your stop at midday late day. Moves always better for you.

You know now, once you get more consistent once you get more experience, then you get more aggressive, but you, but you don't. You know you don't get aggressive before you're consistent. That's why so many fail. They want it.
They want too much too soon. I want it now now now. Meanwhile, you don't even know what you're doing. Hopefully i can help with that, but there's a reason you're here and i'm glad you are because you're listening to weirdos on twitter and discord and good luck with that old uncle tim here is here to keep you safe.

Okay, uncle tim might be boring. Uncle tim might be too conservative, but if you blow up today, you're done your number. One goal is to stay in the game and that's what uncle tim's trying to do he's trying to keep you in the game. All right, um, lcid, underinvested, oh really, ouch! Well, i guess you know we had an amazing run on lcid, but i mean you had three or four red days in a row i mean i this.

Would it's a walleye gill? Thank you for that. You know this is the one thing i will say um. This is why losers hold losers. Okay, so here's the thing people will sit, people will say: oh, you know sketchy stock.

How did you know? How did you, how did you see this coming got trapped? You know blah blah blah blah blah. I don't see a trap when you've got four red days in a row. Okay, so it's right there! So if you got stuck in lcid, because you didn't recognize that the momentum had shifted next time next time when you're holding a loser red day red day red day red day, if it's just red day red day red day, say, i remember when lcid had four Red days before this sec investigation, listen people knew. I mean if you're, if you're gon na sit here and tell me that that information didn't leak before today.

Now i didn't know it, you didn't know it. You know we're we're just average joes and jane's we're not you know we don't get the insider information like the people on wall street do but the but to me, look at the signals were there so move on. We had a great run. Lcid.

Wouldn't surprise me to see this squeeze down the road set, an alert at 50., so lcid writing was on the wall. Charts don't lie. Is there a charge for the sunday watch list nope? So the watch list again um alex will drop it in the chat. But it's just stockstudetrade.comwatchlist 100 free um.

So anyway, stocks to trade.com size, watchlist, acet dropped. A 7 am pr. It is set. Bio 13 million float car t all right.

I mean this stuff has been hot. In the past i mean it's. Cancer. Cancer is always hot.

When you're talking low floats, so i always hate to generalize too much, but when you got a low flow with a with a monday morning, cancer press release, it's always a dip and rip. Now i go back to, i think all eyes are going to be on the social media space stuff, okay, but for the for the sake of time low flow monday morning, pr, it's always a different, so potential yeah and ultimately listen. If you buy it 14.50 and you stop at 14 that doesn't make it a bad trade. I mean the recipe.
Is there cancer news on a money monday lgvn, i'm gon na finish on this. If you were on the weekend, watch list youtube video, please so the basically i would call the area of interest 21. So let's break this down um i like the potential for a squeeze number 500. I mean when and when i say 500, i'm being sarcastic, but i mean this stock.

It just is, i mean listen. All of you should be familiar with lgbn, okay. Well, i think we've talked about this guy. This stock has been in play for three weeks now.

They dropped the pr this morning too, so they're trying to squeeze so pr drop on monday morning trying to play the game. So they know i mean this stock has hold up for the held up for three weeks. They know shorts are still stuck. They drop a monday morning press release, so if this can kind of go green, not kind of if this goes green in the am well, let me draw it.

Let me draw it: i haven't used the white board in a while and then we'll move on where's. My stylist, so you know that 21 area, so if this can go green and then we're just looking well, let me get my colors right. Most of you know what we're looking for. So you want it to just kind of hug there above v-web, so that white line is our red to green, which i'm calling 21.

Okay, that's the area where i think shorts are scared. So if this goes, green hangs above 21 consolidates around v wap and then breaks into the afternoon. I think you got a great trade potential. You know.

Take your shot set, your stop, probably on like a v wap fail, and especially if this is the big thing. So, let's talk about priorities, priority number one for me: cfi dwack, phun, those social media spacks. If they fail to follow through this morning, which again, i think there's a lot of, i think, there's a good chance. They pull at the open if they fall apart.

This morning i think, there's a good chance. We get some rotation to an lgvn or even that acet, okay, because people, if if the social media specs fail, i think there's a good chance. We get some more biotech love like we had two weeks ago. You know remember last week the bubble popped, all the offerings, but here we are lgbn still holding up.

So that's the thesis. So all right, everyone have a great day check out the steady trade team and got a little wordy today, another one i seem to always do it on monday mornings. It's like it's like i save up. I get so much.

I want to talk about so then i come on monday morning and then i ramble ramble ramble and talk about like two tickers, so hey man, i do what i can it's free, but who's always here, for you have a great day and we will see you Next time, ah almost played by i almost played by christmas music, i forgot. I can't play you.

By Stock Chat

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4 thoughts on “Pre market prep – stock market 12/6/21”
  1. Avataaar/Circle Created with python_avatars G R says:

    Thank you Tim, have a great week!

  2. Avataaar/Circle Created with python_avatars JESSE GENAO says:

    Best market information and updates in these briefings. Thank you ๐Ÿ™๐Ÿผ. Missed it in, but watched it after ๐Ÿ‘๐Ÿฝ

  3. Avataaar/Circle Created with python_avatars Hola! Toolgirl says:

    Thanks so much!!

  4. Avataaar/Circle Created with python_avatars Trenton Glasscock says:

    I love these before market prep videos. Theyโ€™re super helpful

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