I Choose NOT To Trade These Stocks... transcript

What's up everyone? All right, so today is a no trade day. No trades in the small account, no trades in the big account. And that's not totally surprising, I suppose, when you look back at the last week. Last week, Monday was a small green day. Tuesday, I crushed it. And then Wednesday and Thursday, small green days, the first and second days of July. Friday, the market was closed. Came back on Monday. Monday was slow.

First trade of the day, I went red 1,600 bucks. was able to recover that and finish the day green, but wasn't a great day on Monday. Tuesday, I went red about $3,500 before recovering to being green, only 3,000. And there was just not much moving on Monday on Tuesday. So, Monday and Tuesday were again progressively slower, which meant my likelihood of today being a red day was getting higher. You know, when you see your green days getting bigger, you're going to get more and more aggressive.

When they're getting smaller, that's a time to kind of take the foot off the gas. So, when I came in this morning, because yesterday was difficult, I set the bar low in terms of my expectations. Yes, CLRO was awesome yesterday. Ended up going all the way up to $16 a share. I had a good read on it. Didn't trade it as well as I could have, would have, should have, but nonetheless, the stock continued higher. But aside from that, yesterday was still fairly slow.

So, when I sat down this morning and looked at my scanners, the first thing I noticed at about 6:45 was that the leading gainer was only up 48%. And I thought, "This is not good." I quickly looked back at our scanners between 4:00 a.m. and about 6:45, and that's when I realized that there really hadn't been much during even that early window that moved uh nicely at all. So, I'm going to scroll back to those early trades so you can take a peek.

So, NCA, this is the first stock that popped up at 4:00 a.m. Now, I'm going to walk you through the trades that I considered and explain why I didn't take those trades today. It is a no trade day, but there's still something to cover. So, that's what I'm going to walk you through. Um, and so NC, this one pops up at 4 in the morning right here, big pop, and then rolls over and sells off. Sells off, sells off, sells off. 805.

They've got a headline that comes out um expands diversified technology strategy with binding agreement to acquire D. Yes, the company also did a reverse split just the last couple days. But you look at the chart on the daily and you can see you've got these history the history of red candles. We're 200 moving average is at 15. So we've got a ways to that. But at 4:00 a.m. this popped and sold off. So coming in at 7 a.m. right I guess right around here this was not looking good.

We'll come back to it in a moment, but at 7 a.m. it was not looking good at all. So, that was um the first one. Then we had IOTR on the scanners this morning. It had begun to move after hours and continued a little bit at 4 uh but then was pulling back coming into 7 a.m. So, that one was also out of play. Uh then we had SHPH. SHPH, this one had popped up in the pre-market session, but as you can see, popped up, dropped down, popped up, dropped down.

Too choppy. No trades. BATL. This is an energy stock. So, squeezing up on news that the ceasefire has been cancelled, ceased. Uh we're now back at war. And so, the S&P 500 is down and USO, United States Oil Fund is up. And so, not surprising to see BATL in an energy small cap stock moving up as well. But not a sector that I typically uh at least in this past like six month cycle have found success with. Sky Q earlier on the scans.

You know, this one, I mean, I feel like on the daily, if it breaks over four, it probably does have some potential for a move higher. Um, but it's a stock that's very thickly traded. You look at the level two on it, and the thing is a grinder. You got tons of volume. It doesn't really do big breakouts, so you'd have to feel confident enough to hold it for a while, and I'm just not. So then you had BR and or BNRG. This one had popped up and dropped up in uh dropped down in pre-market.

We had Lucy Innovative Eyewear which had popped up and kind of was grinding but not pulling away. And then at 713 we had V V E um Twin V Power Cats. They make boats and uh it popped up and I was like no I this is not on theme. It doesn't make sense. I'm not going to trade it. No trades on that. PDYN pops up. Floats 38 million shares. I say no. Anna pops up. Light volume. Nothing moving there. VTAC is too cheap. This is 726.

No trades there. And then WFF hits the scanner. Malaysian company, as you can see right here, no news. It goes from 260 to 340 and then drops back down. As I looked at it, I said, well, I don't know. So, it has this after hours high here around 365. If it could get over that level, maybe, but then the 200 is at 450. It's a little close. I'm just going to wait and see what it does. Not confident enough to jump in yet, especially with no catalyst.

And it promptly rolled over. So, there was no trade on that one. So, I considered it, but didn't take a trade. Couple other stocks hit the scanner momentarily. A couple cheap stocks, nothing. Nothing. Um, and so that that's the entire highday momentum scanner up until 9:30. Now, we did have um another stock that hit the scanners uh earlier this morning. Uh it was NCA. This one hit the running up scanner because the issue was it had the pre-market high way up here.

So, it didn't hit wouldn't have hit the high day scanner again until it broke over 350, but it did squeeze here from a $180 to $3, which is a pretty big move. So, when that happened, we saw that there was a headline on this at 8:05 a.m. And so, as it starts to pop up, um, I looked at it and I initially was like, "Okay, this thing is moving very quickly." Basically, no volume. Then boom, the volume surges in. So, traders were excited.

They jumped on that fast, but it's a little cheaper. And immediately, we had some big sellers that came out and that's what created these initial topping tails. It dips down. It does an ABCD pattern, and I didn't trade it. I just said, you know, I I just don't know about this one. It feels heavy. It did end up going, but it couldn't even break over three. Ends up rolling over and then um you know, that that was it. Now, just before the open, there was a headline on CCH, and this stock popped from 30 cents a share up to 48 cents a share.

Now, it's back down. The headline was that CEO announces planned purchase of 10 to $30 million of company shares at not less than a dollar per share, reinforcing long-term commitment to strategic growth. Remember that a planned purchase is not an actual purchase. It's more significant after the purchase takes place. And so planning to do something, plans can change. And so I really don't usually put as much uh weight into a planned event uh as much as one that's been um that has a real commitment tied to it.

And so in any case, that popped up. It reversed. I wasn't surprised. And now in the last 30 minutes since the bell has rung, there really hasn't been anything that's been clean or has been moving uh nicely. So this right now definitely feels like the time just to sit tight, be patient, wait it out, and uh you know, who knows? tomorrow we could have a stock that pops up with news and all of a sudden we get a three 400% move again but we need a good catalyst at least that's what I think is that a good catalyst would really help.

I recognize that we have had stocks that have moved up with no news and I think on the one hand they've confused short sellers and they've gotten trapped and the price just keeps going higher and higher and higher but the likelihood of a round trip is so high I just I don't want to get smoked. So uh for right now I'm just sitting tight. um no trades today and tomorrow hoping that we have some better uh catalysts that are pushing stocks further up the scan than today what was uh initially only a 50% gain.

So you know VTAC is up 138% today that is our leading gainer. Um you know cheaper but that's been the stock in focus. So I guess there's been some opportunity there but it's not really my cup of tea. So with that I'll remind you guys as always that trading is risky and my results aren't typical. So, manage your risk, take it slow, and always practice in the simulator before putting real money on the line. I'll be back at it streaming tomorrow morning at 7:00