All right. So in today's episode, we're going to go over the leading percentage gainer in the entire market. Today we had a stock that went up over 200% I think the peak was around 235 240% gain on the day, which was impressive, but it was not super easy to trade as I'll break down as we get into the recap. There were a couple other stocks that popped up uh and they were tricky because they weren't super obvious.

So I think this was a day where attention was a bit dispersed I mean we had a lot of attention on sort of the the leading Gainer and then everything else I guess was sort of a distraction. So leading percentage Gainer Today, Hoo currently sitting up 236. Definitely no doubt about it. Put in a big move, hit a high so far of about just under 550.

547 is the high. It has 67 million shares of volume. That's a lot of volume. If we look at the chart we'll see that is a recent reverse split.

So so you know this kind of fits right in line recent reverse split popping up. but if we look at this stock, you know we look at the chart. It's tough. This stock has had a history of some big red days so you know to be honest and this is a huge gap down right here.

I was famili I Am familiar with Hoo and it's not one that I'm super excited about. It was a special acquisition company, a spa, they merged, it sold off, it came back up then this huge drop. So this morning when I saw that it was our leading percentage Gainer even early premarket I was kind of like uh, you know I don't love it. It's also a little bit on the cheaper side, so even though I'll trade, you know and I'll just kind of break it down on the Whiteboard I'm happy to trade.

You know anything between more or less two and 20 so you know $20 is over here. And yeah, let's say $1 is here. but I find that my distribution of Trades is the highest sort of in the middle of this range of like five to maybe 15 here. and I don't trade or make a lot of money in the lower end range and so hoo.

today. you know, as it started it was at like $2.50 So at that price I was sort of like it's a little cheaper. That means I'm going to have to trade larger share size commissions are going to be higher, but I'm also probably not going to make as much on it Anyways, it starts to, you know, well the move really begins around 5:30 in the morning. very early, pops up, pulls back kind of grinds higher, had no volume yesterday, so the relative volume is very high today.

Anyways, it pops up again, pulls back, pops up, again, pulls back, pops up again. So we had a bunch of pullbacks and then right at 820 kind of out of nowhere. I I don't really know what happen happened here, but all of a sudden at 819 it rips from 250 pretty much straight to three. I I did a couple trades here so I got a micro pullback um right here on this trade.

So I took this trade here and I took this trade right here. These were the uh first two micro pullbacks that I bought and on those first couple trades I got green but uh, not by a lot. it's just nothing I don't know it was I don't know, it just wasn't a huge move and I didn't take well like realistically this went from 297 up to like 317 320 and I got filled at about three and then took some profit and then added back anyways. it just wasn't a huge move.

the second one was very small so then it pulls back. I uh had a nice dip trade here off of 307 double bottom 307 so got a nice dip trade down there but it only goes up to like 315 so it's 7 cents a share. I did another dip trade down here. at 3 it comes up to like 33 I Stopped out on this red candle for a loss I tried to buy another dip down here thinking that, uh, we previously kind of had support at the low of this pullback.

so I was like oh maybe down in this area like 85 will bounce. But and we kind of had a little green candle but it just went lower so it sold off pretty hard. Anyways, it comes back up and it sort of is difficult because it goes from 270 straight up to 310. then it pulls back and then it kind barely though.

and then next thing you know we're at 355 and at 355 we had some real resistance. We finally broke through it here and we squeeze up to 390 and then we sell off again. So and this is all on a 10-second time frame. Uh so I I traded it fairly actively, but I did not trade it at the open.

My last trade today was at Um 928 going into the open I tried to buy the break of this wedge right here, but I got stopped out on that trade. so if we look at the uh well we could look at bigger time frame the one minute chart. you'll see the spike here at about 819, the pullback and then this move up and the problem here was 2, 4, 6 eight green candles in a row. It felt hard to trade this if you weren't in before the pop which it didn't really make sense to be in down here cuz it was a weird pattern after that selloff and then right here.

We did have a pullback but a bunch of topping Tails against 355 I Was afraid of a jack knife move that pop in the flush. So all in all I did not find this to be easy to trade and I took a number of trades on it. but my first trade. my first trades uh at 89 here I only made about.

Let's see I made about $900 on these trades so I made about $9 00 and then gave back half of it was up only about 300 on the day. Then it comes back well so let me. so let me walk you through the day. So at that point I'm up 900.

Then we had Bdrx that hit the high day Momo scanner. So Bdrx hits the scans and that was as it popped up right here from 160 all the way up to 250. I bought it at Um 227 right here as it was starting to come back up I thought it was going to retest 50. it ends up dropping down I stop out.

then it comes back up. So I lost $300 on this stock which means I had gone from up 900 at my Peak and then I gave back half on Hoo. So I was up only about 400 and then I lost uh on this one $315 So then I basically was up only 100 on the day and I kind of thought to myself, you know, all right, let's be a little careful here. this is sometimes how you go from being green to red.

I actually had three consecutive losers and that's what brought me from up 900 to up only $96 on the day and then at that point I was like all right. Well Hoo Is is obviously the one to focus on, but I'm just going to trade it with smaller size and see if I can sort of get myself back into the Wheelhouse and we're back into the driver's seat U But the fact is, this is not a stock that was really in my wheelhouse because it was cheaper. Most of the BR breakouts were 10 to 15. So with 3,000 shares I was making like $2 $300 I tried to size up a couple times I bought 10,000 shares on this pullback right here at three and that could have been perfect.

but then it flushed right I had another trade I can't remember where but um oh it was right here I think this was only yeah no that was 10,000 shares as well. um but again it just like was a break even trade. So anyway so net profit today $1,232 up 1,300 on Holo down 3115 on Bdrx and I just I I Just have this feeling that it's not going to happen for me today. um you know I I Didn't get in before this dip so I tried to participate in this move up but I didn't I was chasing it I didn't trade this range because it was way too volatile I didn't trust it I didn't take This trade here because I didn't trust it.

It goes way higher, halts up, goes higher, pulls back, surges up. but again I just was not feeling it. Part of the issue on this is, um, the level two was hard to read because it's very thickly traded stacks of buyers and sellers. So I don't have a good feel for the tape.

Uh, that was. that was definitely part of the problem and surprising considering the float on it is like a million shares, but very thickly traded. So look yesterday I was up $9,000 the day before I was up 37 3,800 When it's hot, you know it just is so different. I Dig deep I Go aggressive I Do well and when it's like this, it's just best for me to ease off the throttle and step back.

and hey, look, $1,000 is fine. That's a green day I Have nothing to complain about I would much rather be up a thousand than down a thousand so you know it's a Green Day Slow and steady is the name of the game and it's just not a day where I felt like I was able to really hit any home run. so earlier we had GLT GLT had, um, some big buyers on the bid. sort of pushing it up but I when it came to the top sellers um, you know, sold into those buyers so that was a little odd.

Um, anyways, came back down quite a bit. Tenx also popped up today, but I was like I'm not going to go for that, you know. I I made almost 10 grand on it yesterday. Uh, today.

You know, continuation? It's It's not a great continuation setup because it's down too much off of yesterday's high. A continuation setup ideally should be holding about 80% of the previous day's high, and then you're looking for a break and new highs. That's what we had on our Vssn last week. This is just selling off, right? So now here you get a little bounce.

but I think these pops get shorted and I didn't trust it so no trades on that. Speaking of Rbsn, uh, Rbsn on the daily, you could see how it kept moving a bit higher. sort of breaking the previous day high, previous day high, previous day high, previous day high. So those were all continuation days as it went higher.

But that's not what we have on Tenx. So yeah. so so basically you know leading Gap and also by the way, GLT slightly higher float. so leading gappers today hoo currently up 228.

It's a big percentage gain I made a little bit on on it I Think people who bought and just kind of held certainly made more than me, even with smaller positions, you know. I don't do that with 10 15,000 share positions. but there are some people who you know bought 2 3,000 shares, 4,000 shares and they just kind of bought on a pullback and they didn't feel they need to try to scalp 10 cents of profit. they just let it.

Let It Go And next thing you know, they're up 34 cents a share. So good job for those you guys that came out on top on it. But for me I didn't find it easy to trade. uh overall Market S&P 500 Well we're you know we're rallying the markets at alltime highs right now.

You know as we speak today, so that's great to see. We've got, you know, a a nice Tailwind when it comes to the overall markets, which is much better than what we were dealing with. um, you know at the beginning of the year I Don't know, You know. Last year going into 2023, we were still definitely in bare Market territory on the overall Market So things have definitely changed a lot.

There sentiment is improving. Um, we don't know exactly where we're going to top out. You know we going to keep going higher? We don't know, We're not sure, but we may pull back down to the 200 moving average. That would be fine if we do.

Usually the 200 is a good spot to, you know. sort of be looking to add positions on the S&P But anyways, uh I'm I'm grateful to see the overall markets moving higher. That's good for those of us that have put uh, you know, short-term day trading profits into longer term investments like Ira and things like that. So yeah.

so overall, any day that I can just chip away a little bit of profit is good and then at the end of each month, push it aside into the long-term investment accounts and watch it grow. So that's the name of the game. and uh, that's it for me. I'll be back at it for my recap, uh, tomorrow, so hope you guys tune in.

I'll remind you as always that trading is risky, my results aren't typical, and there's no guarantee you'll find success whether you trade with me or you learn on your own. So manage your risk, take it slow. I'll see you back here first thing tomorrow morning.