All right everyone. so it's about uh, well, 852. We've got about 40 minutes to the opening bell and so I'm joined today by two guests on the morning show. We've got Hamang who has been on a fantastic hot streak.

uh, crushed hudi Thursday Friday and what was it? Monday this week? Yeah, you got the bounce on Monday So very nice there and uh Chris is joining us short seller and um, already green on the day which is great. So uh, why don't you guys give me a little breakdown of um, what you're watching today? Sure, Well I started the morning uh trading Mac M A C K to the short side. Okay, um, it was up pretty high. We got some nice extensions into the high 13s and 14 levels.

Yep, uh. started with some small position built up as I was expecting at least a mean reversion to the Uh 13 EMA and a short time coin generally. I watched the two minute and uh, so I did get a nice trade on that I got two nice trades on that for totaling a thousand dollars and I got a small scalp on pte. As I started to build the position, it just faded so that wound up being a small winner.

Pte is so cheap. are your commissions gonna? just was it easy to borrow? or was it no, it was. Uh, the locates were really cheap. They're like .0025 cents to share.

Okay, and I'm always filling on the ask. I'm shorting on the ask and I'm filling on the bids so those Ecn rebates actually cover my commission. Okay, Okay, all right. well that's a good strategy.

Yeah, that's that. That'd be a tough one with. uh, Momentum Trading. Can't really like if you're wanting to size in buying on the bid on a pullback.

Maybe you you can get. You can sometimes do that. but usually when you're really wanting to be in, you got to buy the Ask and you can sell the Ask. But uh, you pay more to take a liquidity than you get for adding it so you're still at a deficit.

Sure. So on the short side, it's nice because you know a lot of these stocks. We'll eventually put in a short-term high and then they'll go up to retest it as well. And that's a great position to, uh, re-short into the strength there as it goes to test that level.

Yeah, build on the app and that's why I Think we see these um, descending resistance levels because it's short. trying shorts trying to get filled on the ax? Yeah, holding it down a little bit? Yeah, exactly. Yeah, that makes sense. But then, what do you? How do you manage the risk of a um of a wick reclaim? Yeah, so you know, uh I'll I'll tend to put a stop a couple of pennies above a high.

You know that would be my risk level. Okay, so I'm hoping to at least scalp out. You know, a small, um, small winner before it does break those? Highs But um, you know sometimes whipped cream uh Wick reclaims are also false breakouts many times and in this case we got uh, the wick reclaim. uh I mean it's already happened several times that you had an upper Whip and then it comes back up to it an upper Wick and then it comes back up to it and upper Wick comes back up to it.

but each time so far it's been basically a double top. Um, I'm red on it and I traded I got green on it on my first couple trades which was between seven and seven thirty and then I took a uh loss in this area on this false breakout I took another loss um on this candle right here I was in it holding looking for that curl and then I got stopped down in that red candle. it comes back up I got back in but it didn't really squeeze and then I took another small loss there. So now I'm just kind of like I'm not sure that I want to keep trading it because I'm sort of moving in the wrong direction on it I went from green on it to Red it's been choppy, but on the other hand, it's our leading gapper.

You know it's up 230 percent 226 right now. So I'm and I don't see a second one that I'm more interested in. but um, but let's see if we get anything at the top of the hour. So um, max good morning.

Um, do you have anything else you're looking at? Uh, no. Kind of just woke up, but it was good to see that Mac is up 225 or 225. Yeah, it's good to see, but it doesn't seem like it's really getting much much resolution. Maybe at the open, we'll kind of see a pullback on it I'd like to see it, maybe back down to view up um and then see what it does after that, but right now it's kind of just seems a little sluggish.

So yeah, probably gonna wait on that one. Yeah, it's gotten into a little bit of a tug of war in this area. and you this is. This is an area where you start trading in a Range bound.

um Zone It can be choppy and also something we're mentioning earlier. this has a high level of institutional ownership, and if you're an Institutional Trader and you wake up and you've got a stock in your portfolio that's up 226 percent, there's a good chance you're gonna start taking some profit. And institutional ownership's not usually going to be holding one or two thousand shares. It might be holding fifty thousand.

A hundred thousand shares. Big large positions. The float's a little higher on this one, so I'm concerned. maybe pre-market but also at the open that we could see these flash orders go through that are going to be profit taking from people that have been holding for a while.

So and the news is just cancer. It's cancer news, right? Or some sort of drug for um, treating cancer. I Actually didn't even look at the news and you know and so for what it's worth I Really try not to over think the fundamentals on it because the news on this could be very fluffy and not worth it and it could still go higher. The news could be phenomenal, but it goes low.

so I think the one thing I'm kind of looking for on this though is for it to kind of spark some sort of sympathy somewhere else. at least maybe in another Pharmaceutical stock. If if it does, then we have some good stuff for coming for the next few days. But right? yeah, and it is the first day of it.

Yeah, so the we got a little sympathy on uh KLA earlier. um, somewhat recent reverse split kind of started to pop up so it's a little juicy It it looks like it's got some potential biggest candle a day's green, but it's come back down. kind of like a like a little bit of a Head and Shoulder Z pattern. So kind of bearish right now.

not perfect. Yeah I like Max's idea I think there's going to be some sympathy cancer type Pharma stocks that might go up if this one holds up I do suspect like an all-day slow fade, but that's just my take on it as of right now. Maybe like a quick, uh, quick run up to like 14 14, 50 and then we just fade all day. Yeah, nice.

Nice bull trap. Get the get belongs in at 14.50 and then watch a dollar a share drop into a halt. Yeah, I'm not gonna fall into that trap. Not today.

Yep, okay, uh, well. that's all. that's all. some interesting stuff.

Um and uh, students over at Warrior By the way, Uh, Hamang is gonna be teaching his class soon. Um, what? You're on the schedule for your a mentor session and then a first class starting right? So I'm gonna be doing my mentor session on how I traded hoodi nice uh and made over 80 about 80 grand. uh like 2 000. are your results typical or oh, my results are not typical.

Okay, not a bad week trading. Uh I I'm gonna do the whole script just like you, you know? Okay, good, good, but uh, what's it called? So I'm gonna do the mentor session tomorrow and then class I Think we might start it on Friday or Monday Okay, all right, that sounds good. So um. among has, uh, he's gonna teach class.

similar structure is what you saw Danny teach uh and Jess teach Chris has already taught his class. Uh, we're gonna release that soon. Uh, and um, Max, you're still working on your class, but there'll be one coming. um at some point soon.

and we've got a couple others we're working on as well. So um, I'll keep you guys posted on that. All right? So um, you know. So this is the area where you kind of struggle because you see Wow.

Well, it did just go from 1250 up to 13.85. that's obviously range, right? Well, it has a large range here. I mean we're working with a basically a, you know, like a two-point range. So you know we do have range on it.

See them. Come back there. So Route 1430 Foreign. So this is kind of our this is our range.

It's about a two-point range from 1250 to 14 30. So right now you're kind of at the midpoint of this range I think John's going to do a um, a podcast foreign question there about John So you've got four big green candles. This is a micro pullback. here.

high is 1385 of that candle. it's 902. so we've got about 30 minutes the opening bell foreign. but among what do you think of it I know it's the third day now that it's gonna kind of hold up.

foreign. Check it out. let's see. yeah, why not I like it? Uh, I Would be looking forward to break, um, at least make it back above 15.

there's a pivot at 15 18 or 15 20. and then if it can hold that then obviously I think if it goes to like 16, we can see another dollar or maybe even a lot more I think Vue has, uh, it's a former Runner that is known to break out and continue for a few days I think it's Halton Oh, is it pending news? Oh oh it is. It's a nice technical, but let's see what the news is. Okay, let's see I hope it's good I think it wasn't as good.

Um, day before I mean Friday when it popped up. Foreign? Yeah yeah. I'll put it on a side chart if you know if it starts to open up, maybe there'll be something there. Mac still in consolidation 20 moving average is around 13.

could be a spot to try to scale in, but an Rbo float super low on Nrbo 548 000 shares vo XR moving up a little bit I think a sympathy momentum uh, pharmaceutical would be probably one of the best opportunities, but I don't know if we'll get that. CBO XR Moving up royalty core I don't know what that is Foreign 44 million also I think in my opinion, even if Matt continues to fade throughout the day, I Think a sympathy can still make some sort of a move because Mac already one of what? Ten dollars on the day on the day already? Yeah, yeah, so just the move that Mac has made. Yeah, no. I agree.

It's a good point because there's probably for the most part anyone who sat down after on, you know, this morning past 8 A.M missed the cleanest move on Mac So maybe like me, they got chopped up on it. They're a little red on it and so I think there's probably a lot of Traders they're going to be looking for the next one to move. So I think you're right. Even if this does fade, it's probably um, sparked a little Fomo for people.

and maybe we see Fomo Momo on something else. It's possible FYI it's pancreatic cancer treatment. So any pancreatic Pharma biopharma company that is, uh, treating that type of a cancer? All right. So I've got that one.

I Don't see us having really any continuation from yesterday. Is there anything that I'm missing? No. I don't think so. Yesterday was pretty dead.

Yeah. Okay, so we have a new podcast episode that released today. For those that tune into the podcast, it's from our All-Star trading Summit Trader Summit that we hosted about a month ago three weeks ago. So I think you guys will enjoy that in so it's not that in general I don't like Viru.

really. it's that. Specifically, right now, Viru well, to me, hasn't been obvious enough. The float's a little higher, right? so if we look at the float on it, uh I think it's like 66 million shares.

Yep, so Vero floats a little higher and higher flow. easy to borrow stock. I Mean these ones can be tricky. they don't always resolve very well.

So I think those are the reasons that I'm not interested in it right now. On other days, Um, I might be more interested in it, but right now, it's not moving quite enough. Well, you know it's halted right now. but um, I don't know.

I'm just kind of sort of. There's just nothing really to look at specifically. Mac Pulling back a little bit here. this is technically below the 20 moving average on the one minute chart.

So um, that could be a little bit of a problem. But yeah, you're right. Ross Uh viewer would trading viewer would chop you out if you try to scalp it? Yeah, because a 60 million float. There's so many algorithms.

so many institutional traders that are just putting out uh orders. And there's algorithms made just for scalper just to prevent scalpers from making profit. So if you buy, it's automatically going to sell and it's gonna play a lot of games with you so you have to take a longer trade on a view. Yeah, yeah, and that's the kind that I wouldn't really have the patience or probably interested in doing unless it had a really good Catalyst and was just showing some serious strength, which it is holding up well in the day, but but not that's not on the daily chart.

But that's not quite enough right now. unless it's ripping When it's ripping. Sure, that's why I'm all bets are off. Uh, you know it's then then you can make.

Then there's a lot of chances you can scalp that momentum. Yeah, Yep, yep, no for sure I agree. Well, right now with about 20 minutes the opening bell I don't have a very big watch list. We can see what uh, some other Traders are looking at I don't know if men always logged in or if um Jess has anything that he's got on watch.

He was talking earlier about some of the recent Rivers split stocks. So recent reverse splits. We know that that was giving us some really great opportunity. back in August and September and we've continued to have some so possibly a recent reverse split.

and actually that was Uh. Kala. K-a-l-a is a recent reverse split. It's up 15 right now.

It's a reverse split from Uh October 21st, but you know, fairly recently pharmaceutical, so it could be interesting. I Mean it has some of the things that we would look for for possible sympathy to the Mac move. Right now, it's up 15 percent foreign. Doesn't look bad at all.

actually. yeah, it's It's a possibility. Um, view app is 675 or 665. Low down here is six.

uh, about 580. hey, we just have the moving averages on The Daily Uh in the way I think besides that, ten six if you're going to yeah, we need to hold over uh V web. that would be important Yeah for sure and free market highs I mean it's it's down from the pre-market highs? Yeah, quite a bit. Yeah I was 787 so it got up there but then pulled back so it kind of looks like a head and shoulders pattern.

In a way like a shoulder. the head of that top and then this is kind of the edge of the other shoulder, you know? So I don't know. We'll see. Um, might give us some opportunities.

Yeah, float's attractive too. It's only a million shares? million 1.2 Yep. so Jess I think he got some trades on it earlier, but um, I was just watching it so that one's a possibility. Nrbo I've traded that one a couple times, just keeps going lower on.

The Daily The float's super low. uh, announced. but then at the same time we've got announcing the offering. so I'm going to share some stuff for sure.

A-r-r-y looks like it's making a little move here. It's a bigger float, so you guys probably aren't interested in there. Yeah, so on. Calla Kala: Yeah, uh.

the short float is showing 122 percent. Really? PD Yeah, it's not showing up on um. the day trade Dash scanner but interesting. This other website I Use Floatchecker.com I can post the link.

Yeah, it's pretty good. yeah. I See Arry living that alone? Um do you have any shares available to borrow? Um Chris On Kala, you see what the prices are I already located some earlier I got them for .015 cents a share. Let me see the current.

they've gone up a little bit. they're .025 so two and a half cents to share. Okay, still pretty cheap? Yeah, yeah. I'm gonna be watching that.

Yeah, yeah, if you put on a side chart, foreign split today, so it's going to give it a float of a million shares 1.2 It'll be interesting to see what Mac does into the open here. Yeah, yeah. certainly. if that starts to really squeeze I'm sure a lot of Traders will be watching it.

Foreign. we've got 15 minutes to the open Mac I would say needs to get over 14. and then certainly the pre-market High Gala up a little bit off of that dip down there 610 up to six uh, 661. right into the volume weight.

average price at the moment with a 30 Cent spread Cala approaching the web. Yep, Foreign. about 63 on Kyla I'm trying to see if I can get an entry I think it needs to maybe dip down in the 40s? it's going I'm taking a couple things. yeah, Bell 50 as well.

there's Danny joining us. Yeah I took a couple thousand shares on Cala Okay, let's see. yeah you've got 71 on the ask and then above 71's 97. hey Danny good morning morning guys.

How are you I'm good, how are you I took a starter at 73 on Kala. I'll add it 83 and 93. I want to see if it breaks over seven added at 93 there on Kala so my average is 79. It's a little high needs to break through seven I had that candle was seven bucks.

So right now I'm gonna watch to see if it can hold over volume weight. at average price it can hold over V-wap and then into the open. look for that. move up towards the pre-market high of Seven 87687 787.

So watching Kala here for a dip added it. 65. Buying the dip there now looking for 85 and 95. we'll see if we get the Breakthrough seven dollars.

So 70 on the ask, 67 on the ask. now we're up 28 and since it's a pharmaceutical I think we've got the right idea trading it. Let's see if it opens up and pulls away over seven. I would put new orders at like 7 15.

720. we've got about 10 minutes to the opening bell watching for dips so I added right there at 54. these are dips off of volume weight. average price 57 by 60 right now.

good morning. So now watch for an ad over 75 about 10 minutes to the open. So Danny we're looking at Paula as maybe a sympathy trade to Mac Mac has made a big move but it's been choppy. You want to see if Kyle can get back up towards seven? Okay, cool.

I Got one small trade on Kala already. Nice. was that early? um no. just a minute ago when I saw a bid come in at 50 something flat for right now on it.

Yeah, it popped up 10 cents or so. Okay, that's pretty good. small loss for me. Yeah I took uh I cover.

uh I mean I I sold the shares to uh I'm a couple hundred dollars I thought I was looking for it to go to hold at least like 680s and then you know as it touched seven and came back I was hoping for I was hoping for it to hold but when it didn't I I sold it. Yeah, it's a little bit of tug of war here so we'll see whether or not it opens up. It's a pretty quick pop back up to 75, but highest uh, volume of that move was red candle Mac kind of breaking down a little bit foreign. sixty yeah.

so Mac is up quite a bit on the day, huh? Yep, yeah, but it's been kind of choppy. that's the. that's the only problem with it. Uh yeah.

I mean this area here feels like if it breaks 1260 then we're going down to 12 around volume, weight, average price you could get maybe dips off of 1260 if it becomes a flat bottom here, but it's like pressuring into that level so I'm afraid it's going to break it I mean if I'm a short seller and if I see Mac if I see a stock go up 200 in a market like in a market like this? Yeah, I'm gonna take a position up there. So yeah, fireworks, Short seller? Yeah. I would I would look out for washout Longs on this personally. Yeah, yeah, right now it's looking like it's it.

wants to break down. It's got a flat bottom against 1260. yeah, Below that, you've got maybe 1180 or so of support. Yeah, View app is a 11 92.

Yeah. I think. at least. on the plus side though, if it wants to make another move later in the day, at least we have this kind of pullback consolidation area.

Not saying it's likely, but yeah, that's true. Well, I don't see a lot at the moment that I'm super excited about. Um Mac you got that little bounce off the low, which you know if you had the risk tolerance, you could have bought down there in the 70s with a stop at 60. But the risk would be that if it breaks 60, you get like 30 Cent flush.

So you're taking a little bit more risk on it. Oh my. God All right. so for those tuning in on YouTube We'll end the morning show um here and we'll be back at it.

Uh, first thing tomorrow morning. Warrior Members and day trade Dash members will keep trading. We'll see if we can find our way to some opportunities. Um, you know, before our opening range closes I'm in the red right now 3000 and um, red on both stocks.

I've traded, so definitely feels pretty cold out there. Maybe I'll be able to find something that looks a little more obvious and catch a couple of winners. But right now I'm sitting red as we come into the open, so have to be cautious. All right, so that's our game plan.

Thank you folks who tuned in on YouTube We'll see you back here! Uh, first thing tomorrow morning.