We got a 100% Short Squeeze in 60 Minutes transcript

all right everyone so I'm going to break down my trades from today a slow day and this was a little bit of a tough day because uh Friday was a red day for me yesterday was a red day for me although thankfully the losses were small if you remember my red days from March I had backtack big red days my red day on Friday was $650 my red day on Monday was $70 so not a big deal but today I knew that I would be kind of feeling this urge to to you know hit a nice winner after a couple of uh you know a couple red days it's just kind of like all right I I want to get back in the groove have a nice trade and so I want to remind myself to take it slow and I said look the reason you had two red days was because the market has been slow you know this last week um we had some good moves and then it kind of got a little cold so don't try to swing big take it slow anyway so I sat down a little after 700 a.m. and at that time uh P palii hadn't come up yet we had WIA wiissa which popped up at like 400 a.m. and then dropped back down it's grinding now but at 7: a.m. there was nothing to trade uh prso this one started moving up a little bit earlier choppy nothing really to trade there either so we had nothing and I was like oh man this is this is not looking good uh is this going to be a no trade day that's not really what I'm looking for I'd like like to have a solid green day but at the same time you know I got to face facts so we came up to 8: a.m. top of the hour I'm like breaking news breaking news there was nothing nothing at the top of the hour so then we come to uh 8:30 bottom of the hour and that's when P came out with news uh unfortunately P didn't end up being that easy to trade it actually halted down at the open and it's going lower now I hit a peak of $2,000 of profit and I'm up 880 bucks on it it wasn't clean it was super choppy it was thickly traded uh you know there was news on it but it just it wasn't clean so if we go back to the very beginning of the move on this um it first hit my scans right at 8:30 and at that time I saw that there was breaking news so step one what step one is finding a stock moving I found it on my scanners so scanners right here highay momentum scanner showed me that P was moving step two what's the Catalyst saw that there was news step three check the daily chart I checked the daily chart had no issue with the daily chart saw it was somewhat recent reverse split I was like okay you know let's give it a shot intraday chart well this is where we started to have a problem it popped up to a high of 580 right here and then drops down to 475 that's a one point swing in like 30 seconds these are 10-second candles so I was like like all right this is not great that's not what I wanted to see and then pops up to six it pulls back and I bought this dip here at 580 and I kind of held my breath I was like uh oh this might have been a mistake but I didn't take 10,000 shares I didn't even take 5,000 shares I bought, 1500 shares it pops up to 630 I locked up $300 of profit okay good it pulls back I bought the dip again again, 1500 shares it comes back up through 630 goes to 650 67 I add as it squeezed up to seven and it goes all the way to 780 and in that move right there I locked up um that was when I hit my Peak profit of $2,000 right there I actually could have walked away right there at 8:33 a.m. and I'd be better off than I am right now but you never know that and so anyways I kept trading it sells off comes back up uh double tops here at 780 but on this drop here it dropped all the way back down to 681 a dollar a share again big range the liquidity wasn't great on it I ended up getting back in right here with my biggest position of the day 4500 shares I punched it I thought this thing was going to rip through 780 it dropped I stopped out with a $1,200 loss or no it was not that bad maybe it was um 800 or so anyways I took a loss on it uh it goes sideways it dips down here and then it rips through 780 and goes up to eight part of me wanted to buy it right here but there were so many sellers at eight I was like man this thing is heavy it breaks eight it goes up to 850 and I'm like golly all right missed it darn it um it pulls back right here I take this trade but make basically nothing on it um it pulls back again it's really not easy to trade through this area it's just choppy and then as it breaks through 850 I did get a trade right here made a little bit of profit and then all of a sudden here it dumps drops 60 cents a share goes sideways for a while uh I tried to take a trade at the open um I had a couple so I had uh on it halted down and I tried to buy the resumption it goes lower I tried to buy the resumption one more time or the dip one more time it goes lower now it's curling off the low but anyways I just gave up on it so um and then in the meantime I got one trade on bttr for 200 bucks so sitting at $11,000 of profit on the day I was able to break my cushion of $1,000 when I got myself up to two grand but I never felt comfortable increasing risk I was like I'm not going to size up on this you know I just don't feel like it's worth it when we look at the spreads on this you can see that um you know it it's it's okay right now because it's gotten a little a little cheaper but when it was up around 859 950 we were seeing bigger spreads it was choppy we were seeing big sellers stacked on the offer so it feels like there's just been a lot of selling today and this was really the only stock that I felt like was in play so you know anyways I I tried I did the best I could on it but it was another relatively slow day yeah bttr coming back up but look at this move this thing went all the way to nine and then dropped all the way back down to a low here of 585 that's gross this is this is frustrating I mean and the thing is these stocks have news too you know I'm trying to trade Catalyst I'm trying to trade stocks I have news and uh even even then right now it feels a little cold so so anyway bttr on this one if we go back here it started to pop up and again I bought a really small size position just a starter and that was um where was that um it took two trades on it um I'm pretty sure it was right in here um it was at 825 and it went up here to a high of nine made some money and then it sells off I tried to buy the dip here and then it just ended up rolling over gave back most of what I'd made on it so you know that was that overall Market is pulling back a little bit S&P 500 these last couple days so this has broken out of the channel to the that we had to the upside so we're getting a little bit of a pullback a little profit taking uh which is fine we were we were due to have that anyways so logical support obviously is at the 200 moving average I'm not sure if we're going to pull back that much but you know we might pull back a little bit anyways Market has been on a a real tear here since November so we were due for some retracement nothing nothing too concerning there uh but I think and I don't think that's really particularly why these last couple days have been choppy I mean we've had periods where the Market's been down and small caps have still been hot I think the issue right now is just that we don't have we don't we haven't had anything that's been really exciting these last couple days you know we've had a couple moves 75 100% which is great P went up over 100% you know WIA was up about 100% so we we've had some small moves but we haven't had a like 500% move I feel like in a couple weeks so you know once we get back into seeing those kinds of moves that brings some Traders off the bench because I think right now what ends up happening is Traders are just like H I don't know like it feels a little choppy out there is it really worth getting chopped up and beaten up maybe I should just wait till it gets easier you know it's easier for some traders to do that than others when I got started I didn't have the privilege of being able to say oh I could just take a week off of trading and do something else trading was the only thing I was doing to make money and pay the bills so I showed up every single day I still show up every single day this is the way I I trained myself to think about trading that I have to try to produce consistent income every single day so unlike some of the Traders out there who can kind of you know throw some haary passes take some lotto ticket type of Trades I don't do that because I can't I feel mentally like I can't afford the risk I just stay focused on base hits getting green locking it up now occasionally I'll fall into a cycle where I start getting a little fomo I'll see other people having big games I try I try to start swinging for them and usually when that happens I'll end up taking some big losses and then that reminds me to get back in line get back in the trenches where I belong and so that's where I'm at right now I'm being uh pretty disciplined about you know staying staying moderate with share size just trying to you know have find a couple of good trades each day and really just take like one trade at a time you know I'm not um I'm not trying to be you know taking five 10 15 trades at at once I'm just trying to be really disciplined so that's where it's at discipline is key and um anyways I hope uh those you guys who have tuned in had a great day hopefully you you saw some nice opportunities as well and I'll be back at it of course uh first thing tomorrow morning live streaming for our Warrior Pro members and uh I'll upload my recap uh for you guys on YouTube tomorrow afternoon so by the way I'll remind you trading is risky my results aren't typical so manage your risk take it slow and if you haven't already hit the thumbs up or subscribe to the channel I hope you do that and I'll see you for the next episode real soon