You don’t have to be smart to be a great trader.
If you ask me, it’s less about intelligence and mathematical skill and more about dedication to the grind.
Work ethic, focus, asking good questions, and continuing to learn every day — those are the key ingredients that traders need to stay in the game.
Here’s what I’m watching today…
Yesterday, I talked about PharmaCyte Biotech, Inc. (OTCQB: PMCB) as a potential dip and rip or afternoon VWAP hold. It ended up being glorious as a day trade. As an overnight hold? Not so great.
Don’t miss this morning’s discussion — I talk about why money-losing biotechs are typically better suited to day trades than swing trades...
This Vancouver-based biotech seems super sketchy … Nonetheless, Briacell Therapeutics Corp. (NASDAQ: BCTX) is kind of low float and has cancer-related news. It could be a dip and rip, but I think it needs a chat pump first...
A follower asked about Grove Inc. (NASDAQ: GRVI) … Well, it’s trying to break out, but the volume wasn’t so great yesterday. Remember, volume is one of the key components traders should look for in potential runners...
I’ve been talking about Fulcrum Therapeutics Inc. (NASDAQ: FULC) for days now. They had an offering, but it has continued to hold up. Check out yesterday’s chart to see its beautiful spike...
My hope is that it continues to grind and that we get a press release so that it can have a real squeeze on Friday.
I’m still keeping an eye on the volume today — it could be a weak open red-to-green.
The stars are aligning on Sonoma Pharmaceuticals Inc. (NASDAQ: SNOA) … There’s a press release. It’s got two million float, with eight million shares traded in the premarket. It’s got a history of running.
As of the Pre-Market Prep session, I hadn’t seen a chat pump yet, but it sure smelled like one. If that chat pump does come, I’ll be looking for a dip and rip. I talk about a key psychological level at $10 and what I’ll be looking for today...
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#StockMarket #PreMarket #Stocks
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.

All right welcome back everyone. It's been a little while, since i brought it out, but i feel like it's time make sure my volume's up. What we've got here is failure to communicate some man. You just can't reach okay, so pmcb.

Obviously we talked about this as a morning dip and rip and an afternoon v app hold and it was glorious. So now i'm getting all of these questions. Well, what about the offering should have shorted it blah blah blah blah blah blah blah blah? Okay, what you guys need to understand is, i did a video and the reason i i played the the the cool hand, luke video. You need to understand okay, one week ago, the biotech lesson you probably forgot.

Okay, this entire nine minute video was explaining. Why you? Never hold money losing biotechs overnight; okay, so if you got bagged in in in pmcb it's on you, okay, maybe maybe look up extreme ownership by uh, jackal willing. Okay, you need to understand. Okay, why? Why are biotechs publicly traded? Why no one will give them money, and this is again it's a it's.

A recurring theme we have talked about over and over and over again, their dads won't give them money. Payday loan companies won't give them money okay, so these are day trades all right and vice versa. I know you'll say: oh should've held it short overnight, yeah genius. The thing went from eight to 13 in pre-market good luck holding through that all right.

So anyway, i don't know, i i it's at the point. You know i do these videos like on the youtube and then it's like. I get questions directly from the video it's like. Why do i even do them? I mean.

Listen i like to help. You know. I'm mr positivity, but if nobody's going to watch this and they're going to ask the same stupid questions because you don't want to learn, you don't want to be self-sufficient. What's the point? Okay, so i don't happy freaking thursday, all right um.

What do you think about? Bctx vancouver now we got breast cancer news, so bctx cancer news, kinda low flow, sketch, vancouver company, that's a dipping, rib dip and rip probably needs a chat pump. Oh one thing guys understand: it is a little slower out there today feels like a wednesday. Now yesterday was insane but kind of feels like a uh kind of feels like a wednesday today, so grvi um, trying to break out just the volume yesterday was not great. You know i go back to the point that uh you know: 1.6 million is almost like zero, zero volume, so um, i don't hate it it's just.

I wish i had higher volume mr mcstew asking about fulc speaking of videos. Speaking of videos - i i i i know i post these dumb memes on my personal instagram, i told you it was coming on fulc. I told you last friday, last friday afternoon, i posted this stupid, vince, mcmahon, meme and i, but but seriously i'm like they dropped. The offering it's holding up and right here it is this was five days ago when i see a low flow dropping an offering holding up into friday afternoon and then look at fu lc.
Yesterday, it's like a six dollar spike today week, open ready, green um. Mr mcstew, it's okay, here's what i hope on! If you will see, i hope it. I hope it grinds higher and then we get the real squeeze on friday afternoon. So, mr mcstue, what's your volume, if it really goes on high volume possible red to green but uh but needs volume would love? I mean i mean here's like the perfect situation on fulc it just kind of chops around today, and then they drop a pr tomorrow on friday.

Now that would be glorious. Uh chile asks about snoa, oh okay, dental care line. Let's check out this pr, oh man, so some sort of weird disinfectant. Let's take a look at these guys, 2 million float.

I like that. Oh, what do we got here? We do. We have a strip mall office, oh shoot! It's a commercial park dang it. I thought it for a half a second.

I thought it was a strip mall, but it's actually just an industrial park crap, oh so anyway, let's break this down. Snoa pr, uh, plus 2 million float plus 8 million volume. So look at we're we're stacking up positives. We're stacking them up to lou my man, i'm probably butchering your your name but uh we'll go with chalu.

Well done so we got a pr. A two million floater. We got. Eight million wow 4x float rotation has a history of running.

I got some lines on this thing too. Man big run back on the 11th. Let me uh, i'm gon na refer to my notes. What did i say back on the 11th um 12, 11 2020 detailed breakdown of snoa and risk management as well as position sizing 904 am snoa.

Is today's low float du jour dip and rip and hyde 15 post 9 45 sounds like we had a good? Maybe you should go back and watch pre-market prep from december 11th. That's a nice read so former runner um and again i love the sound of this. This pre-market prep detailed, wrist magic. Of course i know listen this.

This is a free live stream on the internet. No one wants to talk about risk management, so risk management. Bro is that is that when i risk my entire account to make 50 bucks bro uh, so anyway, let's break down the man. There's a multi-month breakout over 10.

The stars are aligning on this. We got a chat pump, yet um smells like a chat pump. I don't see it yet so smells like the chat, pump, dude du jour and losing money. So, let's break it down and then i do need to run as always busy day so standard dip and rip uh.

Ideally chat pump. Okay, so we we don't have the pump yet, but it's probably coming. I got ta go back to my pistachio, my favorite color. So as of now, the current high day is 10, which is also a whole dollar, half dollar, which is also a multi-month breakout um, which is also you know that key psychological level, ten dollars, you know, people think about they.

They fixate on that level, particularly and then it's also the pre-market hard. So what's our price action we're gon na look for now understand. I always explain this because nobody pays attention, or mostly or or like most people just show up, want to pick and probably have brain damage, but um. That being said, the high a is currently unde, undefined, so height a is undefined.
I think that's the symbol for undefined an equal sign with an with a with a line through it, but but for now we're going to assume x equals 10, but we're waiting for the pre-market high, particularly post-chat pump. And then the pattern we're looking for is that big gain that weak open that pull at the open to lure in shorts. And i draw this like nine out of ten days and then we'll look to attack that high a day with three to one risk to reward based on the chart right now. It'd probably be 9.50, so 950 would be risk.

That would give us a goal of 11.50 on something, like you know, again, low float, runner 5x float rotation at 8 40 a.m. The stars are aligned all right, um a little ranty today, but i don't know i just i get tired of the same questions. You know i'm here to help i'll always be here to help, but you can always tell who at two things you can tell who wants to succeed and then, on top of that, you can tell who will succeed. So it's always it's very easy.

You know it's like i, i tell i i give these stories a lot. You know i remember like jack kellogg, you know jack kellogg, quite possibly the best penny stock trader out there right now. You know right now, um and i remember meeting him. You know three years ago i talked to him for it.

It's on it's on the youtube. You know i i interviewed him met him on the podcast and i'm like this kid's got, it he's got it, you know, and, and i remember and and kyle and matt, monaco and and bryce it's like you, you talk to them and you just you, can tell They got it and i get the same thing with these questions. It's like i could tell the people that want like like want to learn and the people just want. Oh, what stock do i buy today? I want to double my account and buy a lamborghini bro.

So that being said, i could tell who wants it and then, on top of that, who will get it by work? Ethic uh focus good questions due diligence particularly work ethic. I mean i mean that's one of the biggest things that i think that i think that that that trading you know that list. You don't have to be that smart, okay, listen! I know i pretended like. I could do algebra.

I i i did. The x equals ten dollars and then i did the hot undefined i i made it look like. I could do algebra give me like a seventh grade, algebra problem and i probably can't solve it. Okay, but the greatest thing i love about trading.

In my opinion, it's like 90 work ethic. I mean as long as you're literate. You know as long as you're as long as you can read as long as you've got basic math skills, but it's like 20 percent intelligence and like 80 percent bull-headed freaking work ethic. So and anyone can work hard, that's the greatest thing.
I mean. Listen, you intelligence. You know we can talk, nature versus nurture when it comes to intelligence. You know, listen, maybe your education, you know, listen, maybe you uh.

Maybe you had a terrible school system and just a tear in in a rough family life, and you know, and you missed a lot of school and and and when you were at school, you had terrible teachers and and so on and so forth. But as long as you're literate and have basic mind skill or men, math skills, but you're you're determined to succeed and you're determined to bust your ass, i don't know if there's any other career path or skill that is more open to you to just bull headed Work ethic, so there you go have a good day. I hope i don't need to play the cool hand luke video again tomorrow and uh go to the youtube watch. These freaking videos, speaking of work ethic, i've done 3, 000 webinars in four years.

Okay, i'm out there trying to help you guys, hundreds, maybe thousands of youtube videos, hundreds of podcasts i've been here every single day since the show, since the lockdown started well, two or three days because of freaking one day i had like i had to fly or Something and then i had two days with power outages: okay, 450 days, i've been here nobody's more bull headed than me, and you won't outwork me: okay, not well! Listen, dave, goggins, okay, dave goggins! I know you love pre-market, prep, cam, haynes, okay. I know you love pre-market pet prep courtney, doe walter, ah little bit of trivia courtney, doe walter is a huge fan. I i get a dm from her almost every day. Okay they're out there outworking me, okay other than that ain't.

Nobody gon na outwork me so have a good day. We'll see you next time. Do.

By Stock Chat

where the coffee is hot and so is the chat

16 thoughts on “Pre market prep- stock market 8/19/21”
  1. Avataaar/Circle Created with python_avatars Iroh says:

    I'm watching all your videos, many more than once

  2. Avataaar/Circle Created with python_avatars Sifu Investments says:

    When you talk about chat pump do you mean your services chat room ?

  3. Avataaar/Circle Created with python_avatars Coach Ken says:

    😅😅"This is a free livestream on the internet… no one wants to talk about risk management!"🤣🤣

  4. Avataaar/Circle Created with python_avatars Farhan says:

    Tim You are Awesommmmmmmeeeeeeeeeeeeeeee

  5. Avataaar/Circle Created with python_avatars Faulk Smash says:

    I always knew Goggins was a STT subscriber.

    WHO'S GONNA CARRY THE FLOAT?!

  6. Avataaar/Circle Created with python_avatars JORGE GARCIA says:

    since i bought your book and going through all the videos possibly on this channel my trading has improved by far…. thank you

  7. Avataaar/Circle Created with python_avatars Rita Mizokami says:

    Thank you for all your teachings! SOME of us are paying attention!!! R

  8. Avataaar/Circle Created with python_avatars glenn Spivey says:

    I'm new to this when you talk about dip and rip are you looking at 5 min chart or 1 minute chart? Or does it matter

  9. Avataaar/Circle Created with python_avatars Tertia Robbins says:

    Thank you Tim for teaching us! 🙌

  10. Avataaar/Circle Created with python_avatars MickT Day Trading says:

    Thank you Tim

  11. Avataaar/Circle Created with python_avatars robert sison says:

    Lol…Algebra!!!

  12. Avataaar/Circle Created with python_avatars Maximus Muchimus says:

    Play a 'Cool Hand Luke' clip again tomorrow! 😂

  13. Avataaar/Circle Created with python_avatars Wayne Bernaiche says:

    thanks tim we appreciate all your hard work

  14. Avataaar/Circle Created with python_avatars Shayne Eaton says:

    Thank you tim. I'm still running through the back log of videos you have made I did catch the {DON'T HOLD A BIO TECH OVER NIGHT } video saved me a lot of money thank you sir !!!

  15. Avataaar/Circle Created with python_avatars Grumpy John TX Redneck RC says:

    I Wanna Buy A TESLA!!! 🤣

  16. Avataaar/Circle Created with python_avatars Jake Campbell says:

    Happy frickin Thursday!

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