Welcome back everybody today, i'm going to be talking about something that we focus on every single day in pre-market. Prep, now keep in mind, pre-market prep live 8 30 eastern every single day, youtube twitter, facebook, instagram everywhere, but it's really rapid fire. Okay, i try and jam as much into 15 minutes as possible, and sometimes people kind of you know want a little more detail and i've got a one of our number one setups that i'm going to talk about every single day on pre-market prep. Today, i'm going to give you a little bit of deeper more background on what to look for and why we can alright everyone before we get started, be sure to like subscribe share with your friends and ring that bell on youtube.

Oh man, we put out so much on the channel anymore. It's it's it's pretty wild to see where we've grown. You go back four or five years ago, and it was just me fumbling through some video you know talking about. I don't even know what and you know we got an entire team now you know whether it be jack or matt or bryce.

You know um so uh, so many people helping with the channel kim stephen the podcast, the twist steady trade, treats pre-market prep these videos um. It's amazing. It's really pretty wild. What we've built - and i think it's one of the best free resources for trading out there.

So check it out ring that bell: let's break it down all right. That being said, so something you're gon na hear me talk about all the time. Is these low float stocks that hang around hang around hang around and you'll often see me? Do that you'll see this hand gesture you know and uh a long time, uh pre-market, prep, watchers viewers will know they've seen that so many times, and that what i'm denoting is when we're talking about that daily chart, and this is a low float stock. Okay, i'm using mrin as an example, i mean today, i'm recording look at this thing.

It's at 17, tomorrow's friday, it probably breaks out so actually today is july. 1St 2021, i'm recording it's at 17. drop me a comment below how high did mrin go. You know, obviously, this video is recorded unless i come back through the simulation and appear live via my time machine, but i mean listen.

This thing could do anything and that's why we focus on these stocks and you can see this big breakout. You know this line. I drew when it broke six just off to the races, but here we are one two three, four five. This is the seventh day.

Actually, i should know that, because the stock started running on my wedding anniversary, uh june 24th, um i've, i had a decent trade early in the day, but completely missed it. In the afternoon wedding anniversary, we've been married 21 years. What are we? So? What are we celebrating anymore? You know 21 years, it's like geez the celebration's over anyway love my wife, hopefully she's, not watching this video, but that being said, i was out in the afternoon to spend some time with the wife for the wedding anniversary. This thing exploded that day and then here we go from four to five, seven to eight nine to ten, and then we had that big first red day yesterday and that's one of the things i want you to look for.

Why do we care so much that first, red day yesterday, look at this big gap down that lures in those short sellers remember when we're trading these low float stocks we're particularly looking to target heavily shorted stocks, and we know low float stocks when you've only got A couple million shares or mrin, i think, roughly 10 million shares in the float. It doesn't take that many traders to get twisted on the wrong side and end up shorting a majority of the float and then, when we get that, i mean listen, you can call this first red day. All you want okay and shorts - probably cleaned up yesterday, but at the end of the day it closed at 11. Bucks remember a week ago.

This is a buck 50 stock a week ago. That's that hanging around that's what i want you to look for and that's why this was a number one watch when it starts gapping up in pre-market, so you can see actually went as low as 10. I didn't realize it went that low in early pre-market right at 4am, so it gaps down at 4am trending sideways after the first red day. Everyone thinks it's over then.

Here you can see it. Spikes up at 5. 00 a.m. Okay! So that's your! That's! Your red flag, or that's well, if you're long, biased, like i am that's your green flag, that you should be paying attention this thing, so you get that big gap up.

So now it's on your screeners. It should be on your watch because this is day seven. Okay, if this thing isn't on your watch after thursday, friday monday tuesday wednesday check out the steady trade team, okay hit the link below, because i mean listen, even if you were a complete newbie, if a 10 million float stock on day, six, seven isn't still on Your radar, i can help you man and that's gon na, be one of the first things i'm going to teach is: do not take this thing off. Your watch.

Do not take it off your radar until it dies. That being said, let's fast forward back to today and you can see so what i'm trying to do and i'm trying to explain the the bracket hand gestures. So we've got that on the daily chart. The one year, one day chart.

That's the big chart. That's the daily chart. Okay, then, today same action on the intraday chart so from 5 a.m. To 9 00 a.m.

9. 30. Just sideways chop hug in v web. That green line is v app.

If you're not familiar with view app, you must be new to the channel because by the guest there's about. If, if there's a thousand videos on our channel, there's probably like 950 on v-app, okay, so check out the other videos know what view app is. Then this is just hugging hugging hugging and then you get that weak open that dip. Okay notice it dipped from opened at 12 and dipped as low as 1150 and then reclaims that high a day that 1250 1260 even 13 level and look at that move straight up to 20 bucks.

Okay, this is what low float stocks that hang around for days weeks. I mean heck. This never used to happen number one. I won't get into the stock market history stuff, but this is a new trend, post 2016 and doubly so post 2020..

I mean the world changed in low flow stocks in 2016 and then it just went parabolic in 2020.. The world changed again in 2020.. So that being said, that shows you the power. That's why we keep these on radar.

That's why we look for those weak, open dip and rips? That's why we look for those weak, open red to greens. You know again. This stock could have even went red on the day and if it reclaimed green, that's that level. We look for heck.

Imagine imagine this stock didn't rip early in the day, even if it just continued. You probably already closed this video by now, because you're sick of me doing it, but but i'm trying to make a point. Okay, even if it just went sideways all day, chop v weapon starts perking up at 2 p.m, which it's doing that right now, okay notice, the hug in view app, i'm recording at 11 19 a.m. We got three hours till 2 p.m.

This probably has a secondary spike in it. So that is the point i want to make definitely also go below get my ebook. Okay, it's stupid, cheap. It lasts, i mean if they haven't raised the price.

Yet it's under 20 bucks and listen. It's not long. It's not complicated, but i think it's very succinct and and lets you get up to speed on why mrin is not done even now. You know this is still an afternoon play and guess what tomorrow's friday day eight.

This is a play tomorrow, so understand. That's why we focus on these. That's why i bring them up it's why i do the bracketing action and it's not quantity. Okay, it's not about 10 new tickers a day and if other than yesterday, which there was no signals to buy mrin on that first red day anyway.

But if you, if all you did for the last seven days, was trade, mrin, dip and rips v wap holds red to greens, and then you ignored it yesterday, because there was, i mean again it big gap down and faded all day if you were buying mrin. Yesterday, i don't know what the heck you were looking at. So let's say you didn't trade it yesterday you've now got six out of seven trading days, incredible opportunities. You know and that's why we care that's why we look for that alignment on that daily chart.

That's why we care about these big breakouts. I mean look at that breakout. I mean everyone thought it was an incredible run. Last fall when mrin went from.

You know a buck 50 to 6.. I mean this again shows you the change in 2021 and the difference, but understand that until these stocks truly die and you'll hear me say that on pre-market prep, sometimes i wear my ivan drago. You know i'm a big fan of the rocky movies rocky iv. You know when i talk about these stocks, i'm like if it dies, it dies.

Okay, but until these stocks pulled in multiple red days and the volume goes away and they truly break down, you got to keep them on watch best way to do. That is, with stocks to trade hit the link below you can keep all these stocks on your watch. You can track the patterns, you can set the alerts and then the best way to focus on good entries and exits risk to reward and trade plans is to check out. The steady trade team would love to work with you in a small, closed focused group of like-minded traders so check out the steady trade team and i'll see on the next video.