Today's leading gainer is still going higher +1,400% now! transcript

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