All right everyone, good morning. So we're gonna get started here. Breaking down the watch list for today. Mbrx is our uh, leading gapper which is looking pretty nice.

I'm up 6 000 on it. I want to see it break back over the high here of 928 so I'm going to leave an order at 9 28. we also have a Btn which is gapping up here but on very light volume the high is 377.. So this one with the volume so light is a little confusing but maybe worth watching if it breaks over that high.

So Mbrx Btn are on watch. Gme has pulled back quite a bit. Uh, last night I tried to take a dip trade on it after hours as it was selling off at 200. stopped out, took a good loss on it, went right on the day and it's just continuing lower.

I was trying to buy the dips, uh didn't work. Bngo the high on this is 1330.. you know Bngo it's It's a higher float stock so I'm not as interested in that one as I am in Mbrx and Btn. Well, Btn is pulling back a little bit and is on lighter volume, but Mbrx has about 8.5 million shares of volume.

High volume on the green candles as you can see here, which is great lighter volume on the red candles and on the pullback. So you know when we kind of look at where's a bounce spot? Uh, you know I'll take a starter here because this is actually a decent enough bounce spot off that ascending support. So now if it breaks over nine, then we'd look for that, move up to 925.. Now, I might be a little early on it, but let's see if we get that break through 9 15..

And I'm going to hold this with my new order at 9 25.. So if we get the break here and let's see what this does, there's 905 907.. So the low of the pullback right now is 8.50 let it consolidate and then look for the breakthrough at 9 20. over 920.

Then we'd be looking at a retest 928 and then up through 950.. So I'm going to put an order at 9 30 on Mbrx. This is a recent reverse split with news. so this is a catalyst that we're pretty familiar with.

The reverse split, Then the news, watching for my ad here. Again, my target on this would be a squeeze through 20. and then, uh, up to 950. I'll put my order there 28 so it's ready to go.

Let's see. so there's 898. Watch this. over 910 right now is a little flat top at nine dollars and 10 cents.

And then we want to see over 9 10. We want to see 9 15, 9 20.. let it dip down, then come back up for the break at 9 10. hi, that candle is 9 20..

hi, this one right now is 9 10.. there's seven. There's six. Our current five minute candle has about 40 seconds left on it.

And then what we'll also have is the first five minute candle. making a new high and that'll be right around Nine dollars and 10 cents. Good morning to those just getting tuned in. So I'm currently trading Mbrx.

I'm long and looking for the Breakthrough 9 28. this has been, uh, had a nice break out here from 9 16 and now we're looking for the first five minute candle to make a new high. The Breakthrough 9. Uh, 25..

Watch here, there's 9. 8.. Looking for the Breakthrough Nine Fifteen First Five Minute candle to make a new high is the setup that I'm waiting for. There's 910.

I got the dip off of the ascending support on my initial entry and then added into that move higher. Oh so Nine Dollars and 10 cents. I would say right now is the apex point. You can see how we've had this little resistance there, so watch over 910.

There's 99, so see how all of a sudden how quickly it breaks there so that provides a little breakout trade? Then the new order's at 9.25 If it holds this level, I look to add high is 920.. adding at 15 there for the Breakthrough 920.. once this starts to open up a little faster through 925 930, I think we'll have some cleaner trades. There's 18, there's 28..

not bad new order is it 35 The High: That candle was 30. it does feel a little more thickly traded, but it's uh, hasn't quite opened up through the high of day yet. So I think once it breaks through the high a day, maybe it'll open up a little bit more. So through those breakouts.

I take profit. Then I look to add back on dips or add back for the next breakout. So if you notice here earlier, Mbrx had this double top and then surged through it. So right now we have sort of a similar double top happening and then the breakthrough 28 will be the next, the next spot.

Volume weight average price is around 24. I guess I could put an order around 24 for a dip, but I don't really like seeing it pull back quite that much. We had a nice volume profile here of high volume on the green candles, but this right now is the highest volume red candle that we've seen all day. So back to Gme, so on on this one.

You know, yesterday when it started selling off here I wanted to do a dip trade and I bought it down here at 93. it was right here and I was looking for sort of the breakthrough and then the pop back up through 200.. I had this sort of dialed in based on a low from the one of the previous days that we might have a bounce off 93. but it it didn't.

It didn't bounce and I meant to take 500 shares. Sorry, I meant to take 500 shares. I started with 250 and unfortunately in my order entry window it was entered like that. Two clicks I had 5000 shares.

I didn't realize it. so I ended up losing on that trade. that, uh, where was it? At 90 I stopped out as it flushed down to 85. I lost 50 grand on it.

I then tried to do another dip and lost more. So I finished yesterday down 94 000. Which you know, kind of puts me right back to where I was almost at the beginning of January, which is definitely a little discouraging. Although I think it kind of puts a bookend to the Gme momentum.

you know, I still made about nine hundred 000 last week. so you know I gave back 100 grand off the top of that. So I'm sort of trying to think that, well, you know what? Let's just sort of pretend that that was the end of the Gme run. So I ended with a red trade on it.

It is what it is. I don't think I'm going to go back for it because I was actually read on it on Friday and I was read on it yesterday as well. I was up 30 000 yesterday on Lode or 37 000 and I was down about 125 000 on Gme. So down 95 000 on the day, which made yesterday the worst day that I'd ever had.

And it was in part due to, you know, a trade that I thought was with 500 shares. it was with 5 000 because I entered my order wrong and then once I realized I was in with 5 000, I was like, okay, well now the stakes are higher. Let me try to work my way out of this and I just made the loss bigger. It's unfortunate to start the month with such a big red day, but on the other hand, it doesn't it, it's I think it's also a good idea to be able to just say, Well, you know what you know.

Let's look at the last 30 days of trading. I had a really, really hot week and then I had my first red day. After the hot week, that happened to be the first day of the month, If it had been the last day of January, it would probably be easier to handle because I'd be like oh well, You know what, I still finished January up instead of 785 685 000. no big deal, but right now I'm up 784 in January and I'm read 100 or 95 in February.

But you know, these month ends. Really, The difference in one day shouldn't have such a significant psychological impact, but it's easy for it to have exactly that. So today my thought is since Gme is off my radar and I don't want to lose more on it, Um, I, I'm still green on Gme overall on all my trades on it, but it certainly gave back a good amount yesterday. So in any case, uh, I, I'm not gonna go back for Gme, but since Gme has pulled back this much, unfortunately, this is going to.

um, this is going to weigh on Momentum a bit now. This morning, Mbrx has actually given us some nice opportunities. It's a reverse split, which we know has the effect of reducing the float by a factor of six here. We also have news on it, so it's a combination of reverse split with news.

The float before the reverse split was I believe 55 million shares. So now post split is more like 10 12 million shares. So it's a lower float stock, but it's not crazy low. This is also a stock that we've traded in the past and does have a history of being a former Momentum stock, but also a history of gapping and fading.

More recently, it's been gapping and fading, so I'm not. you know I I'm optimistic that maybe we will see some good opportunities, but I'm also cautious that given the fact that Gme was sort of the the the big Momentum stock that other stocks were following. if that, since that one has faded, will that weigh on the overall market? And right now I'm not sure. but I'm I'm thinking that it that it might.

Although this had a really nice breakout right there from 8 15 all the way up to 9 28. and it looked to me like it was going to do it again right here from 928 up to 950 10. But then it didn't. So right now this one does have the same double top at about 928.

I'll even order it 928, but it's pulled back. You know, a dollar a share? So it's pulled back a little bit too much. Uh, in fact, perhaps I should be content with eleven thousand dollars in profit here today and and not overstay my welcome. I don't know, I mean I'm green, so you know green is good and we'll see.

If Mbrx had held and kept going then I'd be continuing to trade and everything else. But since it's pulled back now, it's kind of like I'm not sure. back to Eight. So that's pulling back too much.

It's broken the volume weight, average price. I think that you have to assume that short sellers will be aggressive in this market, because we've certainly seen on Amc and Gme some pretty big reversals and rejections and pullbacks ar Ec. So yes, that's a nice move there. Um, from 328 up to 375.

it's the first five minute candle to make a new high. kind of a break back over the volume weight, average price. but uh, you know it's a little extended now. float showing us 24 million shares daily chart has this big red candle, but a high of 493.

it's a possibility. Hmm, so you know the thing with Sava. This is a stock that we have traded in the past and I certainly see that. it's making a pretty big move here, but it's a little more expensive at 30 dollars now.

Obviously, I was trading Gme at 3 400. but that was sort of an exception. I don't in general want to get into that too much so the high of 34. you know that is a nice move there.

3220 Pull back. It is easy to borrow at light speed. Being easy to borrow, it's possible that we'll see short sellers kind of get aggressive on that. So for right now I'm not sure.

Um, the spreads are not outrageous. You can see it looks like it wants to break 34 there, so it broke 34. You've got 3415 by 3420. So, but the high was a red doji candle.

There's 34.45 but this could drop. You know, 40 50 cents very quickly. Given the spreads and the price and the float, there's back to 33.80 There's 34.93 So currently Sava is up 50, which actually makes it the third leading gapper in the market. Certainly looks better right now than Mbrx, which unfortunately broke the volume weight.

average price on that red candle. So that's a little discouraging. Amc crawling back up to the volume weight. average price Gme at 133 Sava up to 35 dollars a share 34 35 on the bid 34.75 on the ask.

So you know 30, 40, 50 cent spreads on this At times, perhaps on a five minute setup it would be safer. Jan I tried one trade on that earlier as it was popping up, but I came right back down. So I think that sometimes you know after a stretch of really hot momentum, usually what happens to me is you know we have a period of really hot momentum which we had in the last week between Amc and Gme and you know, the sympathy Momentum stocks. and then what usually happens is you know, usually off of um, you know, that sort of big move.

I'll take a I'll take a good size loss and I'll have a red day. And then on day two, which is today, I come back swinging hard trying to make back all of the previous day's losses immediately. And if the market is still hot, you know sometimes I can do that. On Friday I was down 85 000 and then finish the day Green.

So you know on Friday the market was still hot enough that I was able to go pretty darn red and recover to green. Yesterday I went down 95 000. today could, If the market is hot, I could make back 95 000. However, what are the signs right now that the market's high and are there signs that the market is actually colder? and since our main stock that was driving all this momentum dropped so much yesterday? Unfortunately, I'm not sure.

Uh, I think that I have to kind of put a sort of psychological book end to last week and that that that was yesterday. And yes, I gave back 10 off the top, you know, made 900 000, then gave back 9, 95 000? whatever. Uh, and today is just the beginning of kind of back to regular trading. 10 000 a day is terrific.

15 20 000 would be totally fine as well. But not to try to make 60 75 000 today, because to make 60 75 000, I'll need to be trading with larger share size and not taking base hits swinging for home runs. And that's that's not. I don't think so.

Well so far, if I had done that on Mbrx, I would be uh, red. And you know for a second I was considering holding the whole position for that move to 9, 50, and 10. And then as it started to struggle up there, you know that break of 30 couldn't keep going. It was the right move to unwind that position on Sava even though I see it moving higher, it's not.

you know, Nice green volume bars and everything else. Maybe it'll be. Maybe it'll be okay out of the gates, but right now it doesn't feel. quite.

um, safe enough. Not yet. And the chart? Maybe his, you know, first five minute candle would make me feel a bit better about it or first one minute or something. But better to be grateful for the um 11 000 that I have even though it's not.

You know, making back everything from the previous day, but knowing that that hot streak was then and this is now, I got to trade. The market that's right in front of me today. In the market that's right in front of me. today is going to be a little colder than the market that we had last week.

Unless we see a stock that goes up, you know, 200, 300 percent. Yes, you know, so we might. But until then, until we start seeing that happening, I've got to be careful. Mbrx was the one with the most potential as our leading gapper and it's failing, so that's not a good indicator.

artl you know I don't like that one right now. It's below the volume, weight, average price. but if it gets back above, I guess two dollars maybe we have about 15 minutes to the bell right now. By the way, Happy Groundhog's Day! To everyone, we have about a foot of snow, maybe more outside the Groundhog that I have living under my porch.

He hasn't even come out of his hole. He's He's not coming out today, so looks like we've got another six years of winter. I hope we all survive it. So yeah, so there's my first.

uh, there's my first day of February. Look at that isn't that horrible. I mean, you know, just that's so what stupid you do. That's the way it goes sometimes.

So that sixty thousand dollar loss was on Gme, I was up. eighty. Two thousand or eighty Four thousand, Lost Sixty, you know. Came back for a couple more trades, which was stupid.

I should have just left it alone. and then you know, just it's just stupid stupid day. But you know it's it's tough because, um, trading late in the afternoon or even after hours. You know, last last week when I um, traded Gme uh, let's see, was it this day? No, which day was it? Um, it was on this day here.

You know this. This move right here was after hours. You know, made a nice forty five thousand dollars after hours. So you know I, You have to, um, I, I at least have to remind myself that I wouldn't be up.

You know, 700 000 on the year Here at February 2nd if it weren't for being so aggressive. So that same level of aggressiveness that cost me yesterday paid me well last week. I'm net positive. It is an emotional roller coaster.

At times that is a struggle. but um, you know it's it's it's it's working. When you step back and look at the big picture and you know, yeah, if I had been a little more careful. But you know, trading on my laptop and not being in my office makes me probably a little more prone to make mistakes.

But on the other hand, uh, my trades the other day you know when I was getting up at 4am were also on my laptop. So it's just the way it goes. 10 minutes to the bell. I was green yesterday, I was in great shape yesterday and then I came back for some afternoon trades and got smoked on Gme.

So let's so yeah. so it leaves me up 800 000 in the last week, so was up, uh, 900 gave back 100 off the top. So this is the type of chart that I want to keep down in the corner. When I start feeling bad about myself that I lost 100 grand yesterday, I want to remind myself, hey dude.

Perspective: the glass is half full, you're and I'm up 10 000 today. You know? Yeah, it's going to take 10 more days like this to get back to 100, but you know, I just got to stay focused and when we start seeing some nice momentum, things will pick back up fast. What I uh, often do is at the beginning of a red streak. I start to get sloppy.

So in some ways this is a little exciting here because right now I have the opportunity to do something different from what I usually do after a big loss. I have the opportunity to kind of turn a new leaf and be very disciplined about waiting for good quality setups. I'm happy about the trades I took so far today on Mbrx. I did get stopped out on this attempt.

Here I was up 11 000 on it, then I was up 76 000 when I started uh, streaming and then back to up 11 000. So I'm I'm okay with it. It's been good for me so far today this one, but at this point I'm done with it unless it gets back above volume, weight, average price, and or is getting halted going up because right now it's just a little too weak. Savage, I'm not that interested in that one right now.

It's I just don't know that it's going to be the hot stock today. We might not even have a very hot stock today, so you know. But right now this one's unless it gets halted. so I'll be watching those halt scanners pretty closely.

I'll see if anything does look like it's going to get halted, and you know, see if we get some nice momentum on something. But I also want to be mindful that some traders are certainly still holding Gme and waiting for the the move to a thousand. and uh, as a day trader, I can't do that. But and I'm disappointed that Gme is, um, failing.

and to be honest, I blame most of my losses on Robin Hood. I would say I blame all my losses that I've ever had on Robin Hood. And I don't care if I started trading before Robin Hood even existed, I still blame those losses on Robin Hood. Had Robin Hood not dropped of the ball and restricted trading, who knows, maybe Gme would have hit 650 700.

I don't know. Maybe not, but maybe we'll never know. So I took my took my Robinhood loss yesterday and let's see today what the market wants to give us those tuning in on Facebook and Youtube. In case you didn't already know.

Um, we have, uh, our famous Groundhog Stay sale running right now now. Uh, this is a special special day for me. The Groundhog I suppose you could say is one of my spirit animals. My due date I was supposed to be born on Groundhog's Day and I I I was late so my birthday is this week.

Um, I'm not going to tell you how old I am, gentleman never asks and a lady never tells. but uh, my birthday's this week and so we're doing a little Groundhog's Day birthday special So I'll put the link here for you guys on Youtube and it it does indeed look like we're gonna have another six weeks of winter here. I have my, uh, studded snow tires on my bicycle. I'm getting through winter trying to get outside, trying to ride, trying to stay healthy.

but it's uh, it's been a it's been a long winter. Six more weeks. We got this all right you guys. So about five minutes to the bell I suppose.

A good reminder. Uh, day trading is risky. In case you didn't already know that, I'll put up my disclaimer as a reminder for those on Facebook and Youtube. I lost 94 000 yesterday.

Like that, it's not hard on a stock like Gme. When you accidentally take 5 000 shares, it's down 10 points, You're down 50 grand, and then you try to average down and next thing you know you're down 90 000. on the other hand, uh, it's easy. Come as you go.

it goes both ways. so you know when the market's hot. I was up almost 500 000 last week in one day, which was the best day I've ever had. I think that this year shows a lot of potential right now.

As we sit here, I am up, um, more than I was as of I think May of last year. Let me just double check that last year I I was off to a pretty slow start. So let's just clear this: we'll go to uh, detailed. I don't know.

We'll go. Overview Calendar So 2020. So 2020 of last year? Um, no. I want performance by month.

Oh, 2020. So January, February, March, April. So I'm actually, I've actually made more so far here than through the first five months of last year Sitting where I sit right now, which is about seven hundred thousand. So I'm five months.

I'm four months ahead of schedule. You know, three, four months ahead of schedule. I've made more already. Uh, this year than I made in all of 2019., made more already this year than I made in all of 2018., made more than I made in all of 2016 and 2017 combined.

Well, 2020 sets the high water mark for me right now. However, at 772 000 with 11 months to go, I don't know we'll see what happens. So I'm going to keep trying to be aggressive when the market presents me opportunities that justify it. As it turns out, the uh, you know, the the covid kind of market drop and then the covet rebound, The market rebounded and my P.

L really followed that trend in the market pretty closely from right down here. All right, Two and two minutes and 15 seconds to the bell. Thank you guys for tuning in on Facebook and Youtube. Please hit that thumbs up if you haven't already gave you guys a little red day Recap on my Uh trades on Gme from yesterday Lode yesterday was was good.

Um, and I was trading that with 60 70, 000 shares and you know, I really didn't make all that much money on it. Big picture. It didn't move enough, moved quite a lot. but not enough.

Not like Gme and some of the others. So right now today, Mbrx is our well. Artl is our leading gapper. I don't like it, doesn't look good.

Mbrx second leading gapper doesn't look good. Sava? maybe. but a little too expensive. so more expensive means higher risk.

Hol. I don't know about that one 37 million share float. Maybe Bngo just took a dive on the break of volume weight. average price there.

no interest Btn. wild pre-market chart spiking from 220 up to 380 back at 260. Dvax from yesterday was strong. Presents maybe a continuation setup, but not really sure.

So with a minute to the bell, I'm going to try to hold on to my gains if I can add some profit if we see some good obvious setups. Okay, I'll step up, but today is not a 65, 7, 500, 000 share size day. I'm probably going to cap my size here at honestly, at this point I'm going to cap it at 10 000 shares for the next couple trades and I want to walk away with at least five grand today. So if I give back a little, I'm okay.

If I get myself up to 15 or 20 000, maybe I'll start taking a little more risk. So that's the game plan here. Uh, with 10 seconds to the bell. Thank you guys for tuning in on Facebook and Youtube.

I'll be live streaming again same time tomorrow for my pre-market watch list.