Foreign. Good morning my friends. Welcome back! Uh wow New Month What an incredible way to end. April with all these uh Chinese low float IPO plays um listen man you know is listen.

We loved them Thursday We we loved them. Friday Um so many big pops and fails in Pre Now this is one of those situations where you know I usually go into the hole. You know, shut up old man. Feel free.

You know, feel free to say shut up old man. um I'm just gonna. you know I mean listen, we knew from the very beginning that this was going to be short-lived Okay, no, we we never expected this. you know, sketchy.

Chinese low float, pump and dump thing to last very long I mean I mean I Talked about it last week. My fear is you know my fear is that we're going to get another look in coffee. Okay L-u-c-k-i-n uh lka l k N C y I think was the ticker Google it. look it up.

you know, a few years back very similar scenario ended up getting hard, halted and then just kind of ended everything. It would not surprise me to see that happen with one of these, whether it be top or whatever. Now again, I'm just being cautious. We know where these are going.

We know it'll end badly. I'm not saying completely avoid them I'm just gonna beg you as much as possible to just kind of wait till midday late day and just see what happens this morning. I Mean you look at Hlp all the way up to 36 all the way back to 14. I mean all of them kind of look like this this morning.

so again, feel free to say shut up old man just I Just really think with all of these Chinese plays, it's best to just relax and observe and reassess in the afternoon and listen. If they hold and they don't get destroyed this morning, then I love them in the afternoon. I mean I mean remember, these are just. these are no different than some, you know, sketchy biotech.

Okay, you know, especially with these biotechs. Well, Biotech's been very hot the last few months, but you fast forward back to like last year. You know biotechs have been hot since Jspr. I'll always remember Jspr because the first trading day of the year sketchy, low flow biotech.

it went like 500 on January 3rd. I'll always remember oh I have fond memories of you Jspr anyway. Um so but everything changes in the afternoon. Okay, so if they survive, let's let's get them.

let's go get him. let's get some. but all these China plays early. Please be very cautious.

Speaking of safer stuff, atom. Um, if you're on the weekly watch list, you know it's kind of that number one swing trade idea. Um, hoping for a week Open ready, green if you don't get it. afternoon view app hold I know very illiquid, but this is more of a swing idea gapping up nicely here again.

I know it's only 5 000 shares. so all right, let's get some questions. What about Qh? I mean again, my thing is um you know this is this is another China sketch. It's probably the best looking chart.

thank you. The best looking chart in all the China plays I've seen all morning. well done Scott for not picking, you know a a straight up and down chart um 945 dipping I'm just kidding I'm gonna stick I'm gonna stay conservative Qh 945 DNR Now now why am I relaxing? um the afternoon only? it's it's 30 40 cents from the highest. It's bounced twice.

it's at view app so this is the the reason I'm willing to relax. What I just said on Qh is it's actually a decent look in pre-market chart. all the other ones straight up and straight down. So well done.

Scott What about Sofi um listen I really like what Sofi's been doing and um, kind of looks like you know air quotes I gotta set the coffee down Air quotes. Looks like the banking crisis is over so far is making a lot of good moves. Also like this for a swing trade. Afternoon View app hold standard approach to a swing.

so probably my favorite bank. I Like that they're small and agile. you know? Um so anyway, um. swing idea not really a day trade, bigger market cap.

It's a bank, you know. So 700 million in the float? What happened with Top now I mean listen what what happened with Top? You got to remember um Jersey like this is still up What? Six thousand percent. So so something like like and I know remember you guys are new. Okay, that's why you're here.

Okay, um so this was a it started the move at seven. so that's yeah, a thousand percent right? I'm too dumb. Yeah right? yeah. So I mean it's still up a thousand percent.

So what happened I mean the the lesson is Jersey and I love you and I'm glad you're here. But I mean where do you think top would be today? Like do you expect this to be it? five hundred dollars a share? I mean it went from seven to two hundred and fifty twice. Okay, I mean Thursday it went from seven to two fifty Friday it went from 50 to 250. I mean what happened like where do you expect this thing to come back to reality? I mean you so? So anyway not the the short answer is nothing happened to top.

Nothing happened. trade a weak open red to Green by the way, if it gets to a hundred. but I mean you just gotta realize like this is not rational. Okay, so remember the great stock market quote.

The market can remain irrational longer than you can say solvent. I mean I mean top all these China plays aren't moving because of market efficiency. Okay, I mean I'm guessing you all know uh uh, you know you've all heard the term efficient markets right? Okay, this is not the operation of efficient markets. this is the operation of a rational exuberance and a probably a fund or multiple funds creating a short squeeze.

Okay, and we talked about this one a lot last week. like Thursday the master stroke. The master stroke on Thursday afternoon was halting this into the close when they knew it wouldn't reopen until after hours. To me that is proof that this was heavily manipulated and it goes back to what I've talked about so many times.

the market changed in 2015. I've done I don't know how many videos, how many podcasts, how many pre-market preps in 2015 you can go to the podcast with JJ The Web Trader Episode 179 The greatest episode of the Steady Trade Podcast I think it's got like 200 000 views. We explain what changed and what changed is big money guys started creating short squeezes because they knew they knew that basically what it changed. So the first decade of my trading nobody knew about shorting small caps.

A lot of people thought it was illegal to short small caps. Okay, that changed. and then what happened was the Smart Money started taking advantage of the fact that newbies complete newbies were now trading the strategy. It was an extremely extremely Niche strategy.

when I got started and all the way up until 2014, then all of a sudden 2015 everyone starts doing it. Then the big money started to capitalize them and that and it was proven in top. I'm rambling. sorry so um but I think it's an important Point like like it goes back to why did Top do what it did.

It was manipulated and it was manipulated by smart money big investors exploiting and creating a short squeeze. That's all this was. Listen, a month from now TLP will be seven bucks. Hell probably a week from now TLP will be seven bucks.

Shh Cxai today. What are you doing? Oh hmm man. I'll beg for a weak open red green. It's gone.

It's gone green or gone red three times. Please Open red Cxai is. listen Especially So we we had the artificial intelligence hot sector for months now. Okay, we've talked about this and talked about this.

I've said two months ago I said artificial intelligence is going to be the longest and hottest hot sector in my 17 years. Right now, it's playing out like that. now. that being said, you know all the artificial intelligence stuff kind of quieted down, but we had all of the all of the China stuff going wild.

So if China stuff dies today which I think it might famous last words. but if the China stuff dies today, everyone's gonna rapidly rotate back to AI Okay, if the China trash stops today, uh, be. be very ready to rotate back to AI Plays like listen, if all of the China plays like open, very weak, they all gap down. they can't bounce.

Your number one rotation is going to be AI plays spy 416. Why not? I mean 420 You know I mean again. I don't I mean you guys know what? I talk about like this bear Market crap. Okay, anyway.

I mean we'll probably get 420 this week and then probably by the end of the summer we'll be at all-time highs. Write it down, you know, barring Wow ing World War Three. All right, barring World War III will be at all-time highs Labor Day Actually, let's write that down. so N-i-r What's N-i-r Ah yeah.

no volume, no liquidity. Uh sorry Johnny but there's nothing going on there. Um, S-o-u-n again AI play. Be ready if the China stuff dampens down.

Vktx Oh again. Parker listen I I'm scoffing at the Bear Market crap. Like Like anyone that has said bear Market like get these people out of your life. Uh Vktx, that's a pretty chart.

Yeah. 22 breaks. Uh Michelle I Like 22 breaks on that. All right, let's get the number one.

What do you think? Is it? is? it is, it, is, it is it is it. Qh. What I Like about Qh is the area is the risk. Awful man, it's trash.

It's China Sulfi I-s-e-e I lag I Just really like the chart pattern. if we can break that double tap at 380 which is the major Oracle resistance. So I like that. let's uh, let me map this out.

Listen, be very, very careful with these. Okay, what did I do Snipping Tool there we go. 9 45 or later. Okay, so I think I mentioned I I Want to reiterate this: I feel like I said it so I like Qh at that 380 9 45 or later not with the China plays.

Okay, one more time. all of these China plays. If you're trading them before 9 45, you're on your own. Okay.

Do what you want I'm not your dad I'm not your boss. okay I Don't tell you what to do I Simply give my input and my recommendations for entries and exits and stop losses and goals and how to focus on the best stocks based on my 17 years of experience. I Don't tell you what to do, but if you're trading any of these China plays pre-945 Man, you gotta ask yourself, are you making a high probability trade or are you gambling and again, feel free? Type it in. Chat.

Please type in chat. Shut up old man. I Will gladly be told to shut up. But what do I want? What is my number one goal? Why do I do this every single day? Why? Because I know that ninety percent of new Traders blow up.

Okay, and you can't You and you've all you've Many of you have heard this a thousand times. If you blow up in a week or in a month, you can't learn how to trade. Okay, like like you don't have enough time to learn risk management and chart patterns. Okay in all in, In, In, In, SEC filings and and Technical and all all the things you need to know.

If your account goes from 3 500 to 35 today in you in your two weeks into trading, you're done. You're not coming back. It's over. That's why I teach very conservative trading Because what I'm trying to do is keep you in the game, keep you learning, keep you growing slowly, building your account, and then it's that hockey stick of success.

Remember the I've drawn it a million times that first few months. maybe first year is the Is is the foot of the hockey stick. Slow, gradual, very slow progress. and then you start learning more.

You start making better decisions. You start building discipline, You learn risk management. Then you hit the handle. Okay, but everybody wants to hit the handle the second day.

Okay, and that's why ninety percent fail. All right. I Hopefully I have like a hundred and well I think there's usually like 500 Hopefully I have like 500 shut up to Old Man in chat. Have a great day my friends and we will see you tomorrow.

Oh I almost played music Whoa! I'm on YouTube it's close foreign.