+$185k in 3hrs of Day Trading using this ONE strategy #daytrading #stockmarket transcript

e all right everyone good morning it's game time GameStop GameStop chart is right here and and this is the stock that I'll be watching today looks pretty clear that over 150 is a uh would be a breakout spot for a squeeze back to 160 and then 170 so we're coming up we've got about 10 minutes to 7 a.m. still dark here relatively I'm going to turn my lights on but uh 7: a.m. is when uh more Traders are going to come online of course that's when uh more Brokers allow pre-market trading so I'll be watching GameStop over 150 be watching it primarily after 7 a.m. cost this one these two traded in tandem yesterday cost so watching GameStop here I think it's probably going to pull back before the break of 150 but let's just see what it does so nope I'm in 150 I bought and I'm going to add at 155 so adding at 52 right there now looking for the squeeze up to 160 adding at 53 watch this now up to 155 and then up to 160 so GameStop breaking out right here this is critical this is exactly what we wanted to see looking for an add on this over $155 that's beautiful high that candle is 154 so we're already seeing it starting to break out here pre-market I'm going to hold this and look for an ad through 155 watching adding there 5380 back of M Target on this uh is a squeeze to 160 and then up over 160 to 170 this is a stock that we know has the potential to move fast high this current candle right there is 154 I'll hold through this pullback looking for the break over 155 7 a.m. is when more Traders are going to come online so that's when we'll see more volume and then move up towards 160 that's what I'm expecting dip trades I'll buy dips and then look to add on breakouts over 155 I'll go main screen like that so the high of this candle here is 154 so new order is 156 there's a nice big bid right there 12,000 shares 52 10c chart showing us very clearly that 154 is the breakout spot there's 54 on the ask looking for the add through 54 and then 55 so what we have right H right here is a one minute micro pullback we'll let it form the pullback and then we'll catch that trade through 154 dip trades I'll buy but this volume right there that's the confirmation the high volume on that breakout confirms that other Traders are jumping into this looking for that move back up towards 160 170 as a reminder for those tuning in early I'm going to do a the morning show a little long today for uh those of you guys that uh want to watch GameStop is obviously ly a popular stock that I know a lot of people have been talking about so I want to do a little bit of a longer Morning Show I would love for you guys to hit the thumbs up those of you guys streaming on YouTube watch here 154 this is a one minute micro pullback so we're looking for the break of 154 there's 154 on the ask there's 15416 I want to see 155 there's 15450 let it break out over that level the high of this candle is 5450 so let's see if we get that break at 5450 over 15450 could be a quick break then the the half dollar 154 50 then 155 watch here the break of 154 High that current candle is 5450 I'm going to go ahead I'm going to put an order here to add over 15450 into that breakout the low this pullback is 150 we still have about 6 minutes before uh traders who started at 7: a.m. come online so that's where I'm waiting really for more volume to come in over at 7 am. thank you guys for tuning in yeah we have cost here on the side this one's also worth keeping an eye on but GameStop is the is the primary stock so I'm looking for the break through 160 and then back to 170 and then that curl maybe back to 200 back of mine potential we'll see how far we get 5 minutes to 7 am for those just tuning in so we'll look to buy dips on this accumulate on dip trades then for the next breakout the high this candle is 154 uh 15450 cost moving a little bit higher I don't know if I really want to trade that one right now but maybe I'll keep an eye on it maybe small size on cost it just has lighter volume only 600,000 shares high on cost was 35 3470 I'm going to hold through this F minute pullback right here I'll look to add on a dip high that candle is 51 looking for more volume to come in around 7 a.m. so with cost trading so closely to uh GameStop I wouldn't expect if GameStop is pulling back that cost is going to pop up first one minute candle make a new high would be over 51 thank you guys for tuning in please hit that thumbs up if you haven't already it's going to be a another wild day here buckle up I said I'd start streaming at 7 a. so Lock and Load here we go 7 am.

GameStop break uh breaking out here back over 150 during a 5minute bull flag I'm watching for the break back through 154 155 and then a move up towards 160 at 7:00 a.m. in 2 minutes we're going to see more volume increase this is the B been the pattern on this stock if we go back here go go back a few days let's see so let just show you here so this has been the pattern uh volume increasing right around 7 a.m. there's that 7 a.m.

Mark and then right here 7 a.m. volume increasing so that's what I'm looking for the volume increase at 7: a.m. and then the squeeze through uh 154 so right now we're on this uh bull flag I have my starter position and I'm looking to add on the first 5 minute candle to make a new high which is going to be over 15242 we have about 1 minute to 7 a.m. here so we'll look for the first uh 5 minute candle to make a new high high that candle 52 thank you guys who are tuning in as a reminder day trading is risky in case you didn't already know that all right so you shouldn't trade with real money till you've proven profitability simulator right there 52 that's good so watching for an ad right at 7 a.m. so watching here okay so there's 7: a.m. and I'm adding right there 53 now we're seeing volume coming in looking for The Surge through 54 look at that volume watch this so we're going to look for the break through 53 then 54 then 55 there's 52 there's 53 there's 55 are we going to break higher there's 55 I want to take a little off the table can I get the break at 55 adding at 55 right there bought 2,000 shares at 55 looking for 56 so we've got 5440 on the ask volume came in right at 7: a.m. just as I expected looking for the break through 155 there's 155 needs to break through that level 155 I'll add as it starts to thin out adding right there 55 there's 56 there's 57 next order watching the break of 160 taking a little off the table here again New Order 160 watching a dip trade adding long at 60 right there now looking for 65 over 63 I'll add again once it starts to open up and move fast I just keep adding into the squeeze the short squeeze the high is 62 adding at 62 now looking for 65 scaling up here for a squeeze up to 165 170 sold some break even just to reduce my risk so that 7 a.m. volume bar is what I was looking for high is 6295 there's 63 can we get with the break of 65 five I'm going to stop the rest of this position at 60 and watch for an add over 65 high that candle right now is 6433 new orders are 165 sold the rest of that up about 50 $6,000 on GameStop holding still a position here at 160 high this current candle is 15 164 low of this one is one 59 watching for a dip the first proper one minute pullback will probably get bought up watching back over 164 added right there for the break back over 164 then looking for 65 adding at 65 right there now looking for 67 68 nice adding there at 66 looking for the squeeze up to $68 then 70 watch over 67 for more volume to come in there's 67 there's 68 I want to catch the break through that level up to $70 sizing down on that trade risk was a little higher there now it's pulling back I'm going to look for another dip the high was 68 cost moving higher as well the high on that candle is 35 I'll keep an eye on cost I'm going to watch GameStop high on that candle was 68 so it's 704 I'm sitting up 70 70 $70,000 49,000 in my retirement account plus 21 over here cost is surging higher again the thing on cost is that this the volume is light and the spreads are big I feel more comfortable trading GameStop all right so watching dips here for the next trade 168 on GameStop high of that candle is 167 it's a it's extended uh the risk is a false breakout so smaller size on this trade because it's extended on the five but it may keep going even though it is extended but I'm going to wait for it for a second watching so that's a false breakout candle hit a new high and then drop back down you know it's interesting because I actually have shares available to short you can see right there I I actually could short this one uh this is the what the level two looks like you're not supposed to broadcast Real Time uh quotes real time level too cuz you have to pay for you have to pay the exchange for that so if I broadcast this to everyone I could be liable to pay exchange fees for everyone that's watching which would be at the rate of I think it's about $100 uh or $114 if we have how many viewers do we have 2,700 so I don't want to pay that so that's why I don't have the level two but you can see my p&l position up here watching on this dip so this one's is is one that dips down so where's a possible bounce for a dip trade 154 154 would be a totally logical bounce we got a nice breakout there from 150 to 168 so now it's time to wait for the next trade waiting for the next place where I think there'll be an obvious setup we got the volume at 7:00 a.m. which is exactly what I was expecting I was in ahead of that as you guys saw I got in for the break of 150 held through that breakout it did come back down on me held through the full bull flag and then we got the squeeze up to uh 168 I sold I took some off the table uh early in the 60s because on that trade um I got in right here and then I held through the pullback and the low of that pullback was um it was only 49 but you know I I was down $2 $3 a share because I was in at 52 my average was 52 so once it came back up here if you have a trade that goes Turn is a winner then turns into a loser when it comes back to a winner you usually want to start unwinding it because you're grateful it's not a loser anymore so I started unwinding it a little sooner right at that 7: a.m. kind of Surge and it was just right at 7 a.m. um you know we right at 7 it popped to 55 and then it flashed down to 50 then it then it broke and so as it broke through there I was I was happy to take some off the table so this is where we sit right now cost uh this is forming a 5 minute pattern the high is 3579 I'm watching cost for I'm long cost for the break of 36 here cuz it's obviously moving fast Target will be $40 this is a bigger a higher faster moving stock so and with lighter volume but over 37 would be my next add on cost so I'm adding right there at 37 adding at 3788 I'm going to try to ride this momentum on cost up to $40 so watch this uh for the next ad which would be over 3735 there's 3789 that's not too bad 3750 I'm holding 6,000 shares right now let's see on this micro pullback what it does so 99% gain on costs sizing down a little bit the high is 3788 new order at 38 kind of flashed back down after that breakout which I don't love so sides back down a little bit the high of this candle it's 88 I'm going to leave an order at 38 for a dip added long there 3750 for the Breakthrough 38 there's 3850 I think on this one smaller size is probably safer cuz the spreads are big so the high this current candle is 3857 adding at 3857 let's see can we get that squeezed up to 40 bucks high is so there's 38 on the bid my cost basis is 3742 the one minute that was a good one minute pullback right so this was the trade here a one minute pullback and we got a nice move there up to 3888 but now coming back down a little bit still watching GameStop these are the two that I'm focused on these two trade in tandem but yeah the cost spreads are are tricky the next level would be back over 3888 so I'll put my order at 39 10,000 share on the ask uh seller on the ask there so sizing back down a little bit more I could do a dip trade on it but uh the five minutes extended so I I think the the primary setup here would be that it just keeps squeezing because these stocks just seem to go crazy but high is 3888 so we'll watch back over 3850 on this one minute pullback so we got a nice one minute pullback there I'm going to look for another one right through here if it breaks 3888 right now which it looks like it might it's not really a proper pullback there's a 10,000 share seller that just popped up at 80 but if that breaks then we're looking at a move to 39 watching GameStop currently on a f minute bull flag so it pops up sideways consolidation very similar to what we had on the one minute right here on cost this is a technical pattern GameStop bounces right back up that's good to see cost adding long at 3844 looking for the break through the flat top at 3888 then through 40 there's 38 there's 39 can we get the break of 39 adding right there looking for that pop through $39 so we've got 39 on the ass can we break through that level let's see if we break through 39 little dip and then a rip through 39 would be nice watching for dip trades on cost and then the pop through 39 so watch right here there you go there's that pop through 39 that's what I wanted to see but didn't hold super well sizing back down on it for a winner but looks like maybe a false breakout I don't know the high of that candle is 3927 H it's going without I got chopped out I was in a little too high and that's that's the problem when you get in high sometimes you know you're in high so you're like ah I can't really afford to just hold this if it dips down on me and then then it goes anyways so 3945 is the next high of day entry but that of course would be back in at the highs so over a million shares 1.8 million on cost GameStop it's 713 we have 1 minute about it's about 7:14 we have 1 minute left on this current 5 minute candle so dialing this in the high is 6350 that's the one minute candle this is the the context here we double bot we basically have run into the resistance you can see it's kind of like this arm here and this arm here we've run into the resistance of yesterday's close which was right around 168 so that's the level that we certainly need to break cost continues higher grinding higher the high of this candle is 3945 leaving order at 39.50 GameStop dipping down a little bit and that might hurt cost because if they trade in in sympathy to each other then if one starts to dip you'd think the other would dip thank you guys tuning in on YouTube and Facebook we're doing an early morning show here because gam stop ripped up 300% yesterday crazy crazy momentum please hit the thumbs up if haven't already I'm hoping this will be the most uh popular GameStop video today so I'm uh live streaming the GameStop price action here I've already traded it pre-market I'm not in any positions right now I'm sitting and waiting for the next opportunity so the early bird catches the worm now uh funny enough you know I was thinking about getting up at 400 a.m. to see you know what kind of price action we'd have so so you know what I did set my alarm on my phone I set it for uh 34 350 a.m. 350 just like that is it coming In Focus there it is 350 I was like all right I'll get up at 350 I slept with my laptop next to my bed and I woke up at 2:30 and I had like a little bit of a headache and I was like H I looked at the clock I was like oh it's 2:30 all right go back to sleep went back to sleep rolled over again and looked at the time my phone was off my phone died I didn't plug it I I I didn't plug it in I I was I was shocked and I was like oh my God so I was like you know what that was like a divine intervention maybe I wasn't meant to trade at 4: a.m. so I um plugged in my phone charged back up I checked the time saw it was like 5:30 or whatever it was um and I looked at the price I refreshed it on my just my my web browser and I saw I was at 140 and I was like oh 140 all right well I guess I'll go back to bed so I went back to sleep if I had if I had seen that the price was like 180 190 right under 200 I would have hopped out of bed but at 140 I knew that that had pulled back a little bit off the 200 High so I was like uh I'm going to wait for it let's you know I don't know I'll just so I set my alarm then at 6 6:30 and jumped out of bed came over here excited like Christmas morning knowing that we were going to have some big action today and uh sat down and started trading at like 6 645 650 and that's when I started the broadcast so uh yeah so I you know as it turns out pre-market which is what I expected the volume would be very light but you know the volume right at um 6:00 a.m. or sorry 4: a.m.

I mean it wasn't wasn't nothing but it just looks like right at that moment it which I what I probably would have been looking for is a dip and a rip and it opened it opened at 153 so down 10 points then it pops up to 167 which was the close basically 168 then it drops down and kind of sells off down to 132 too but I'm sure the spreads were huge it would have been on light volume and so if you don't get a spike right there at 4:00 a.m. then your next best shot is really kind of coming into 7: a.m. so what happens at 7: a.m. that's when most retail Brokers come online most retail Traders can't trade before 7: a.m. now you guys see the software I'm using I I trade with light speed and they allow trading at 4:00 a.m. so I can trade from 4:00 a.m. to 8 p.m. but yeah so right here um this is actually a spot I'm going to do a dip trade on this here at 54 the reason I'm going to do a dip trade is because this is bouncing off the previous uh resistance which was right here and so I'm expecting after that kind of strong flush that we will get a bounce that's a strong bounce I'm looking for the first candle to go green the first one minute candle we do still have a little room to the volume weight average price which is 150 and I could hold it down to 150 and add off that Lev level so I'm going to put another order around 150 and then I can add and look for that pop back up over 154 so we got 153 right now but looking for the first one minute candle to make a new high which would be over 15473 all right so there's 155 let's see if it bases out a little bit more over 155 so taking a little off the table for a dollar a share and then it flashes back down yeah I only bought a th000 shares on this one 154 on the ask it's coming a little lower I don't like how big that red candle is on the five I thought it would bounce off 154 which was this previous level so I kind of got in right as it was hitting it and it hasn't really bounced that much off of it but but let's see what it does high there was 15508 so scanners are running right here these are scanners that Warrior Pro students get top gappers so I'll take a look at some of the gappers but you know it's one of these things that on a day like today all eyes are kind of on GameStop and then cost is a sympathy name blackberry and AMC I'm not as interested in you see the same volume Spike that that happened right at 7: a.m. cost actually was a nice one I I didn't get as much on that as maybe I could have cciv I don't yeah I mean I see it popping up but I don't like the daily chart on that so still holding that small position now I'll just kind of keep a little skin in the game so GameStop gapping up 69% CT bit of a gap there as well Lotz I see it so for those streaming on YouTube and Facebook um one of the nice things about being a member of warrior trading you get access to my scanners here so these are all scanners that I've built out to look for stocks that meet my criteria for having you know potential to be good momentum trades so you have access to my scanners you have access to a private chat room which is just for our students and of course you have access to all of our classes you have access to my live trading archives and can give you a link I'll just show you a video here um let's see where's the good one so uh that's the main advantage of being a member certainly on YouTube when I do the morning show you get to watch over my shoulder you get to learn a little bit but you don't get all the strategy that's broken down in the classes the classes right now are 35 chapters and I would say since I started teaching it in January I've probably been teaching an average of 3 hours a day for five six weeks now so yeah it's in terms of the amount of um content it I would say it's in excess of 100 hours at this point which is what you want if you really want to learn something you know a 90 minute long DVD is it's like reading a pamphlet on skydiving and you go jump out of a plane and that's it's not the way to do it so yeah so here's here's one U this was a live trading archive just while we wait on GameStop GameStop's consolidating a little bit so just kind of waiting on that cost is consolidating because GameStop's consolidating so this was the day that I traded um GameStop after hours look at this squeeze from 150 to 188 so I'm in at 16988 on this one and this is what I do every day I just keep trading some days are better than others today's already a fantastic day some days are slower GameStop has been a big driver of momentum so active momentum Traders uh which is not just retail Traders it's institutional Traders as well we look to buy high and sell higher I saw one institutional firm uh a hedge fund that made over $750 million on G GameStop so this is this video of it going up here just it's it's incredible um it pulls back it does a pullback so this is kind of that bull flag formation I'm still holding this GameStop position here small size uh it's down at 147 so we get this uh sort of consolidation then we look for that first one minute candle to make a new high we look for that curl back up so we're at 179 here in this video this was from a couple weeks ago and now look at this confirmation now all of a sudden look at this candle as it breaks 180 watch this so it's going to break $180 watching the break of 180 look at this break 20,000 immediately to 185 immediately I mean that's like a it just that's an awesome awesome trade it continues higher now we're looking at the first five minute candle to make a new high and then we get the break over 200 can look at the break at 200 as well so Warrior Pro students have access to these live trading archives so you can go back and rewatch it we actually did a uh it's like a two-hour long case study video specifically on GameStop and all of the uh examples of And Trades I had taken on it so this is pulled back here so this is our real time chart the low was 141 we broke back below the volume weight average price don't love seeing that so we did Retreat from 150 from 168 back down to 150 right now I'm just kind of watching it I've already made my money on it I'm holding a 50 share position just to keep a little skin in the game so I can keep watching it but keeps me a little more focused when I still have a position so the low there is 41 you know I could get maybe a double bottom trade off of 41 but uh it's below volume weight average price so let's just see what it does for maybe a double bottom trade there's a 5,000 share buyer there 41 so I'm going to do a dip trade at 42 so I bought the dip right there at 42 I'm looking for this double bottom so on the chart you can see right here double bottom at 41 so now I want to see it back up through 45 46 so there's 4350 let's see if we get the break back through 45 there's 43 on the ask 4270 and I'm going to hit the bid on it lose 800 bucks it's a dip trade can always come back to it but the break through 41 I Don't Want To Hold through that so if it's going to bounce on a double bottom it's got to bounce pretty quickly so I'm curious for those of you guys on different trading platforms who has restriction on gme who's able to trade it give me a give me a little update I'm going turn on my light here I'm trying to get the light switch with this thingy there we go Weeble is good Fidelity is good to go trade zero cash only TDM trade can trade it no restriction on TD it's great so I I'm I'm restricted to cash only I can't use my leverage on it this is says 100% if I did um if I do like General Motors you could see I could use I only have to put up 25% cash which means I have four times leverage on something like General Motors uh take the E off gme and you got General Motors add an e and you got GameStop so GameStop I have to use only my cash balance but that's fine uh I have enough cash in my account to trade it so it's not a big deal and in fact at $142 a share this is I mean it uses a fair amount of buying power but it's not as bad as it was when it was at 400 500 uh or higher 400s I I would remind you guys some one of the risks and one of the concerns that I've had is the possibility of the New York Stock Exchange halting trading not on circuit breaker but actually requesting news from the company that hasn't happened so far knock on wood uh so you know if it hasn't happened yet I don't know if it I mean is it going to happen now if it didn't happen after hours in that big move well now we're kind of coming back in so I don't know really why they'd halt it here but it is a Poss it is a concern and the risk there is that if the exchange halts the stock then we're not talking about you know losing like 10 cents a share we're talking about potentially losing a really significant amount of money so this is these are my um these are from classes so we're up to slide 1,343 uh but let's go back here uh where let's see where where do we have it um I'm looking for that's a specific spot we just talked about it um was the dip trade trying to remember we were just talking about this in class the other day I don't remember what section it was uh but I had a few examples of no news trades recent IPO Breakout Blue [Music] Sky okay so here you go so this is a stock bdr squeezes up on no news from $140 to $3 the The Exchange halts trading in it ask the company to provide information they say there's no news to account for this move it drops hard same thing on this company drops hard so this this is something that is a risk when trading a stock that basically has no news rhe dropped from 10 all the way down to five 50% haircut so you lose 50% that in in that's pain that's really painful and it's happened to me before so you know it has not happened uh and again this is just to reiterate this is the the warrior Pro um curriculum here so let's see let me go up to right here so this is our current curriculum uh for warrior Pro students for those that are curious but um yeah I mean I know the CFO um that was the the the change up but the thing is so here's the thing some of these stocks have had a headline like that you know there's there's there's a headline and the exchange still halts it because the headline I guess in the opinion of the exchange doesn't doesn't justify a 400% move or whatever the case is so that's where we still we're not we're not totally out of the woods usually a CFO resigning uh is not a good sign but in this case it indicates I mean the this is all speculation but the um sort of you know the possible change in direction of the company that people are hoping for with Ryan Cohen being on the board and of course this was probably a decision by the board there could have been criticism maybe of uh the company not raising Capital not doing a secondary offering during the big squeeze although I think that if they had done that they would have been betraying all of the uh retail investors who bought the stock and are holding the stock and who are also their customers so I think that they wisely chose not to take advantage of that situation I mean I I don't know if anyone would have really blamed him for doing it it would would have been the smart move but at the same time depending on the price and everything else it could have been it could have definitely been uh very upsetting for the traders who you know get hit because when a company does a secondary offering you know if the price is $25 a share all of a sudden it drops back down usually pretty close to that price yeah and I know I know Charlie I saw that quote about Charlie Munger and um you know I I I personally don't I mean I'm I'm not saying that he's not super successful he is but I don't take my trading advice really well I don't take trading advice from anyone but um you know I trade my own strategy but I wouldn't take a lot of advice from someone who has such a different strategy that's not they don't trade you know we as as active Traders we capitalize on these volatility opportunities and that's been true for for forever that's what active Traders have always done so people that are focusing on fundamental analysis they always will criticize these you know these these times when the price becomes so disconnected from fundamentals how different is that from what's happened on Tesla I mean if you if you're going to be honest how different is it how much is Tesla up how how much has the market share changed um and the market cap so let me just I have this um and I'm I'm just you know throwing out my like I I don't I guess I don't really care all that much but um you know if someone's going to say that you know this is this is crazy and we should you know something should be done to prevent this from happening again I would say well you know has anyone looked at Tesla recently I I haven't heard too many people complaining about the Tesla chart that's the Tesla market cap in a year okay so it didn't happen in a week but this is this is their market cap this is their Global Revenue so yeah you know Wall Street has always been pricing higher what a company is going to produce and Tesla's on a great track certainly much better than than these companies but does that justify it being worth more than all of those other car makers combined I don't know I mean you could say that it I mean that is its current value that's its current price so investors do believe it's it's at that value and if you have a problem with the current value of GameStop I would I would hope that you would also have a problem with the current value of Tesla because it it doesn't seem to exactly match the uh the fundamental value so that's where we have a disconnect and those disconnects provide opportunities for fundamental Traders as well that's why some people have a strong short position on Tesla because they think it's so disconnected from uh the the current trading price from the actual sort of you know Book value and onone the other hand long-term investors like Warren Buffett and Charlie Munger they would look for a stock that is very disconnected uh from its uh Book value and is significantly underpriced that just the value of its assets alone are are more than the share price so they go in and take a 15 20% stake then with a 15 20% stake they can potentially petition themselves to get on the board of directors and start throwing out strategy well that's what Ryan Cohen did with GameStop that's what that's what he did he took a huge position last year uh I don't know how he bought how many million shares at it was like a huge position um 133% stake in the company now he's on the board of directors now he's petitioning for this um digital strategy for them to turn the company around that's activist investing now the only thing different really on GameStop from some of these others is that GameStop had over 100% short interest and short sellers got squeezed on it hard and I think it just has you know become a stock that a lot of people really like just for the fact that every time it goes up it feels like it's a um it's a kind of you know little guy getting it uh you know against the the man I mean or something like that so you know but if people like it if people are all into it then they're all into it you could you could go back and look at stock charts from so many different companies that went up and up and up and up and just were crazy disconnected from the True Value but it was you know it was hype and people were excited about it people loved it and then you know they those companies come back down they go back out of favor it's true that we're seeing um pretty crazy levels of volatility what happened on GameStop uh is not something that we had seen in in a while but it's not something that we haven't seen in similar degrees on sort of a spectrum of short squeeze or volatility so yeah that's just my two cents and it's only my opinion I mean take it for you know it's worth nothing it's just my opinion I'm I'm just I'm just a regular retail Trader trading the markets they go up they go down and I trade them I trade the volatility but I I I I can take it a little bit uh I just think it's a little I I think the argument that some people have um one one person was saying they should halt trading of general of of a GameStop for a month it's like that doesn't feel like it's really thought out what does that mean for every shareholder that is just holding the stock they can't sell it they can't do anything for a month that doesn't seem to really solve the problem that's that's that's a Band-Aid I mean that would certainly cool off emotions on it but that's that's not that's not going to stop this from happening on another stock potentially and then they halt that one then they halt another one then how many stocks do you have halted so if there's really a problem or this is a perception of a problem that a company can get this far out of balance from its true value um you could look at another a number of other examples of that but I don't know again it's just it's a it's a it's a tough it's a tough thing because I could I could also you know I could certainly see the the standpoint that this has gotten crazy this was this was crazy and it can hurt retail Traders it can hurt institutional Traders it hurts the Integrity of the market to a certain extent to have something like this happen uh it makes would make investors much more cautious so then you have to say well what were the what were the underlying conditions that allowed something like this to happen was it the high level of short interest was it the trading on excessive amounts of Leverage that put people in positions where they were forced to capitulate or you know I I don't know I mean if it's just people really like the stock whether it's on Reddit or you know it's people on Twitter who really like Tesla or whatever it is then that I don't know what you're going to do about people really like a stock and they all love it they all love it but the rapid rise and then the fall is is it's concerning you don't love to see you don't like to see that you know Tesla at least in its rapid rise has held its levels well but you know at the same time uh this is all much more moderate but it has dropped uh from a high of 900 back down uh the other day to 600 that's a 30% drop off the high just about right it's a pretty big it's a pretty big pullback and now of course Tesla's in the S&P 500 so that hurt that weighs on the S&P 500 when it comes down and of course Tesla's now invested in Bitcoin so now everyone invested in the S&P 500's invested in Tesla and therefore invested in Bitcoin I wasn't planning on being invested in Bitcoin but because I own some of the S&P 500 now I do so now I got to check the Bitcoin stock uh bit bitcoin price every day but anyways we're you know I'm I'm just I'm kind of just throwing out my ideas I I'm I'm I'm always curious to hear what you guys what your opinions are um they're just as relevant as mine thank you guys for tuning in on Facebook and YouTube and hitting the thumbs up so no I don't trade cryptocurrency and I I don't trade Bitcoin and and one of the things for me is that you know I I have a hard time feeling comfortable funding some of the crypto uh some with some of the the Brokers I I I'm not saying that they aren't AR perhaps super um legitimate and fine but you've also heard about some Brokers crashing you know during really heightened trading there's always that concern of what if the broker got hacked and you don't have Deposit Insurance you know it's it's just a it's a different ball game so I don't think I'd feel comfortable putting hundreds of thousands of dollars into anyone uh brokerage account not that there aren't people that have millions in one account account but I just don't think I'd feel comfortable with it so uh I I don't know I just really haven't gotten into it maybe I'm maybe I'm going to be like you know old man who's like oh I don't have Bitcoin I don't know and it just keeps going higher and higher that's kind of what it's been I never thought it would go this high but so anyways I'm sitting here up 70 70,000 on GameStop so I you know I'm I'm I feel like I didn't uh I could have done better on GameStop this morning on the one hand if I'd held my position a little longer into that squeeze on the other hand if I held the whole thing I'd be back down to Red by $8 a share from the 150 entry so you never catch the top and the bottom of of a move as a day trader it just you know it just doesn't happen you don't you never do you get you get as much as you can on it you often feel like oh man I sold a little too soon or oh man I should have sold a little sooner you got to let that go because that's you're going to feel that every single day on pretty much every trade you take all right so let me catch up on the comments here um did I ask you guys uh so code red says don't forget Uncle Sam's cut uh this is in a retirement account so no tax but uh I can't I can't spend it until I'm 59 and a half years old 23 years that's all right I can wait and I'll let it keep growing now that's not entirely true because I could take the money out uh but if I take it out I'd pay um I'd pay income tax on it and I think as long as the contribution was more um I think as long as the contribution was longer than like three years ago you don't pay a penalty on it but I I don't remember I don't know exactly five years says Poncho so you know yeah you could always and people do and I I did it when I was first getting started um you know my parents had set up it was I don't know if it was a um it wasn't maybe a retirement but it was like an annuity or something like that and you know the the lady was like well if you liquidate it you know you're going to have a penalty of you know 10% and I was like I was like I need the money so you know what am I going to do I need the money I'm going to liquidate it all right so let's see yep so I see we're back to the volume weight average price here on GameStop uh I have two charts on GameStop up um cost was on the other side so that one again I I I I did jump on it I I chased it I bought a little high once it really started to prove itself the volume was a little bit lighter but yeah I should make a note on that to fund uh IAS for my kids I I haven't done it um it's it would be it's a smart thing to do the soon I mean the sooner you do it you know just sooner you do it the the the longer can grow you you think about my son is my older son is 3 years old so he's got 56 years of compound interest compound growth so I think at the rate of 7% the account doubles like every seven years or something like that so if I put a th000 in right now compound interest calculator what's it going to be it let's see compound interest calculator all right so let's see so let's let's do this so initial investment let's say a th000 bucks so I'll put in a th000 bucks monthly contribution is zero length of time in years 56 years and estimated interest rate let's let's say 6% um let's just leave that zero calculate that's 26,000 bucks all right well so I mean hey you know you start with 10 ,000 calculate 260,000 you know you start with 10,000 and then you contribute let's see what contributing $100 a month does wow even just 100 bucks a month well if you start with a th000 bucks and then do $100 a month it's half a million dollars so you would have contributed 68,000 and it would have grown with compound interest to 55 528,000 now what if you put that whole ,000 into the $1,000 calls on GameStop one can only Wonder listen son I put it all in GameStop because GameStop won't stop Sun you're going to the Moon so you have to figure you have to understand of course day trading is risky uh and most beginner Traders do lose money so I know when you see me trade think oh wow this looks easy well you probably could think the same thing about someone you know doing a lot of things that they've been doing for a long time like downhill skiing or I don't know surfing or juggling Flames knives I don't know but ultimately all of that is through a lot of experience so the disclaimer that I put up and I'll put it up again here um put it right down there and I'll just I'll just put it up right here oops um I'll just go like that the reminder is that day trading is risky guys don't please don't try to blindly follow me don't blindly follow anyone prove that you have what it takes to be profitable by trading a simulator and if you can trade in a simulator and you can put together a decent track record of trading this simulator then what you want to do is um look at those metrics and I'll show you just for instance how you can do it so you know you can look at those metrics and say all right well you know based on based on these metrics of trading a simulator for you know 3 months or whatever it is this is how this is how much money I'm making this is what my profit loss ratio is this is my percentage of success that's what you essentially are using as your business plan to justify trading with real money and until you have something that's profitable you'd be better off putting real money into probably almost anything else the re the the unfortunate thing is that a lot of Traders jump into the market without uh you know without a lot of Education Without a lot of strategy and they throw in throw real money into it and they get they get burned that's what that's that's the statistic they think it'll be easy and then they lose money and I'm sure some of you guys have had exactly that happen to you on GameStop and so my role as an educator more and more is talking people off the ledge and saying guys stop trading real money you don't know what you're doing okay you had a little beginner's luck with GameStop that's awesome but that's not going to sustain you you're not going to be able to build a career on that don't sign a lease on a Ferrari just yet yet that's $44,000 a month yes you had a good month on GameStop but you think you're going to be able to do that consistently for the next 5 years 10 years I mean yeah I guess if we had a GameStop every single month but this was a very rare event I don't think it's going to be something that keeps happening again and again and again I mean if it if it does I'll be proven wrong but I would encourage you to spend the time to kind of invest in practicing so uh you know to that extent had you back here in January said all right you know what I'm going to sit down I'm going to spend the next three weeks practicing every single day in a trading simulator I really want to learn this is interesting this is fun I like trading I want to make it happen then today right now you would be better equipped to be trading this stock than certainly you were a month ago and you'll be better a month from now than you are today and you'll be better 6 months from now than you are today part of trading is learning the you know the mechanics of it and that's where uh you know the classes that I teach and you know whatever I mean learn learn however you want but that's that's where this comes into play learning the kind of core components of trading and then you got to start practicing so this so my classes they're kind of like it's kind kind of a science in the sense that we have you know 100 hours or whatever it is of of lecture class which is me teaching you the topics teaching you the strategy and then you have the lab work which is coming in each morning and practicing what you're learning in the simulator and then you're scored based on your metrics are your metrics sustainable yes or no okay so cost so look at how look at how these two charts are trading like in tandem pops up dips down pops s up dips down so the question here is which one is is perhaps easier to trade well cost I've made less money on but so in terms of that it would seem that GameStop is the better although cost is a little less expensive uh it's up 92% it's got 3 and a half million shares of volume it's not easy to borrow gam stop at 154 155 is certainly expensive we still it's only 8: a.m. uh we still have an hour and a half to the bell and this is the problem with starting really early is that by the time the Bell Rings sometimes you're exhausted so I don't know how how late I'll trade today but I'm just catching up on the comments here those of you guys um that are on YouTube I'm going to give you a link to the replay of my last um free day trading class it's um day trading 101 day trading 101 free class register here for the replay at 1 p.m.

Eastern you can you can watch it today 1 p.m. Eastern if you want it's going to be a replay and I have support staff that are in the replay so they can answer any questions that you guys have so if you're watching you're like well wait a second what's this you can actually ask someone who's right there live to answer all right so 3650 on um on cost is looking interesting but then it's hard to trade cost without keeping an eye on GameStop GameStop has reclaimed the volume weight average price is starting to do a bull flag uh right above it I'm going to get rid of some of these lines here so let's let's see 16750 168 so while I prefer GameStop right now it's not giving me a setup these are some of the levels that we'll be looking at 194 breaks then we're looking for a move up to 200 then 212 so those are our levels on GameStop right now cost uh the low there is$ 3456 so it's about a dollar off the low GameStop hi this candle is 5580 so high there is 5619 you know GameStop is one that if you get it going the right direction and you get one of those nice sort of 10-point surges you can do really well but buying at a breakout is risky because if it does a false breakout and drops Five Points just like that dang it you know big loss hey Clary check it out that's awesome very cool hey I love that window Marine corpse very nice thank you for your service man that's awesome very cool very cool setup I love looking out the window um I love having the window right here by my desk you guys can't see it super well this camera but um I I have the window right here I've had a red fox run by during the summer I had a groundhog living under the porch right here it's so relaxing your office space makes and this is the this is the office where I've made the most money your office space makes a huge difference I think um in how you trade how you perform so and sometimes when I'm on a little bit of a rough streak I'll I'll just come in and kind of just clean up my office I'll get it organized maybe I'll rearrange it a little bit you know hang hang a new light or do something and just kind of spruce things up now this is 8: a.m so we're seeing right at 8: a.m. some of those institutional uh alternative display orders going through that's common all right so if you recall my neon uh Christmas light served me really well during the month of December and then I brought it out for good luck uh a little while ago and it I had an amazing day so I'm going to put it I'm going to bring it back out here um okay so we're seeing that volume surge that candle kind of screws up the charts a little bit so the the high appears to be 63 wow look at that volume coming in so our high of day is 68 all right so we're getting another one of these little surges here so let's try to dial this in so we got a micro pullback here I'm long at 60 buying at 160 right here I'm looking for the squeeze to 165 so over 162 would be an ad try to ride this momentum up here watching for an ad over 162 holding dip and then along 162 watching I want to get that add to squeeze to 165 holding still I'm going to let it pull back looking for 162 and 15999 so looking for the squeeze on this up towards 163 165 watch it back over 160 so we've got 15997 there I want to see back over 160 then 162 2 163 this is a micro pullback right here so we need to see the break back over $160 buying the dip there at 59 for the break back over 160 so there's 60 on the ask first one minute candle to make a new high there's 61 so that was not a picture perfect trade there's 6088 I'm unwinding the position down to small size it wasn't picture perfect cuz I got in at 160 then it dropped back down to 158 I bought the dip at 159 get and again once it's back over 160 I'm like I better take some off the table I was just read on this thing high is 16151 high there was 161 new orders 162 I'll add back at 162 or I'll add on a dip volume really picked up there at that 8 a.m. mark same with cost but not not as much watching down here as it pulls back this is funny though because the high was 156 I'm doing a dip trade here at 155 I'm trying to dip trade off of that level so in at 5564 looking for a pop back up to 57 this is risky no doubt about it these type of dip trades can be risky but let's see if we pop back up to so again you see how we kind of have that move where it um popped up and then kind of retraced this this move watching adding it 53 right there so looking for that curl that first one minute candle to make a new high right see how that 10-second candle starts to pop up so we get that type of Pop now can we get back over 154 looking for 15450 there's 154 my average is [Music] 15416 so I'm looking for that pop back to 15450 then 155 these are the some of those institutional orders going through but I'm going to cut that loss at 53 so lost uh I think I don't know like 3,000 on that oh man look at those look at that that's tough those are huge candles uh back down to the kind of low here 135 well on the candle wick H AMC [Music] H I don't see anything I really like there these candles are crazy so let me I'm just going to move this around for a second so look at that look at these candles all right let's see so at this point I would draw this trend line from here to here oops from here to there and from there to there so these are the levels that I'm watching on GameStop these are all very technical levels but it's it's still what I'm what I'm watching all right so just being patient right now we'll wait for the next opportunity the last trade was a loser on the dip trade but the loss was relatively small I think in order for us to have good momentum today you know and this is probably stay in the obvious but we need to see oops we need to see gamest stop I think we need to see it hold up the problem is if it um if it fades and it doesn't hold up well I feel like that's going to weigh on momentum across the board because it's the stock that so many people are watching I could be wrong but if we don't get a big breakout on it I don't know if we're going to get anything else that kind of makes up for it um you know if we look just while this is kind of sideways here this is our Gap scanner this morning so these are all the stocks in the market that are gapping up more than 5% and are priced above 50 those are my only filters so as I look at this scan we've got P which is up 131% that's a buyout okay so that's Merc is acquiring this company that's that's amazing for shareholders that's a that's a dream acquisition over 100% the price that's a dream all right so they did well so next one is cost this one's gapping up uh sorry 84% 84% right there I'll put up my drawing tool so you can see maybe a little better let's see pointer so there's 84% on cost and then there's dynt now cost we've already looked at um I don't know what that's all about um anyway so um just reading that headline so cost this has been sympathy to GameStop when Gamestop was strong cost was strong because of a tweet that um cost may be another Target for uh the Reddit Community because it had such high short interest well it ended up squeezing probably because it had such high short interest I don't think that it was ever a big uh Reddit stock but in any case now today it's popping back up uh finis reports the short interest on cost at I believe about 40% let me just check 40 um no sorry uh um shows us 18% on cost right now so it's actually come down from last night from yesterday and let's look at gam stop GameStop is reported at 30% right now so GameStop's a little bit higher um anyway so this one has given some nice opportunities starting at 7: a.m. when volume started to really pick up but realistically at this point the high is [Music] 3945 so that that's the real breakout spot all right so next one down GameStop oh d y NT I skipped over that so this is on our Gap scanner but it's selling off it doesn't look that great GameStop obviously talked about that a lot so that's where we sit right now girl that's enough pull it together CT uh this one pulling back ssnt this one's also not set up well asrv and those ones had lighter volume anyways this one gapped and sold off true I wouldn't um true car I don't care about this floats 83 million CCRN and now we're coming down the Gap scanner so these ones all have lighter volume so at this point it's kind of GameStop or nothing uh this sometimes happens when you have a stock like GameStop that has so much attention uh you you know it either you know it either works cuz everyone's focusing on it and we get great price action or or it doesn't and when it doesn't if something else starts to pop up that may start to become the the the obvious stock but one of my goals each day is to try to figure out which is what is the obvious stock today what is the stock that all active Traders are watching right so the way we find that is by looking at our high day momentum scanner these will show us stocks that are squeezing up right now and then we measure the gain with a relative volume so higher relative volume means the stock today has much higher volume than it did in the previous trading session cost today has 4.8 million shares of volume yesterday it had looks like 80 83 million shares which is really impressive so premarket we're kind of lighter on relative volume but we're picking up GameStop yesterday had had oh that was GameStop sorry um GameStop had 83 million cost yesterday had uh 13 million shares so we're already at half almost half of that pre-market GameStop had the 88 million and yester right now yesterday and right now has 8 point uh 3 million so it's got about 10% of the volume these will both probably have high relative volume today there will be a lot of trading on them the high relative volume is an indicator that there's a lot of people trading it it's above average that's as simply as simple simple as that it's above average volume so why is a stock have above average volume it's usually because of some type of catalyst well in the case of um these ones that's been kind of not always the case that we've had a very clear Catalyst but uh the Catalyst I guess at the very least is that Everyone likes it and it's starting to move back up so perhaps more of a technical Catalyst than a fundamental one but nonetheless that's that's what we're looking at on GameStop and and I suppose cost as well so those are the obvious ones right now but by the time the Bell Rings we may have something else that does start to pop up and if one of these two or GameStop and then cost Falls if they both kind of fade then you're going to have a lot of Traders sitting here looking for something to trade so the next thing that pops up that looks similar or is moving quickly you're going to have a lot of people to jump on it and that's that's sort of that fomo Momo Momo picking up because Traders are just sort of jumping on the next thing that's moving and we see that I mean across the market so it's can be hard because it sometimes feels like you're just chasing the volume but ultimately as a day trader uh that that is kind of true that we are chasing volume so we're always looking hunting for volume and volatility and then we've always got to be trying to manage our risk let's see um wow okay um that was a problem so this is where I finished the day uh yesterday for what it's worth 50,000 nice recovery from my red day of $270,000 on the first week of the month first day of the month lost 94 Grand and that was thanks to losing uh $25,000 on GameStop so I haven't even made back today everything I lost on GameStop on that day I'm up 65,000 in this account I'm up 21 in this so that's 86,000 on the day uh 75 of it is on GameStop so I still have another 50,000 to make back before I get back to flat on GameStop after that loss but that that doesn't really matter so start of the month down 100 grand basically two small green days then lost $268,000 on Thursday the 4th slow bounce back slow recovery and then things started to pick up last week I've now had 1 2 3 4 five 6 7 eight green days in a row so since the 12th so since February 12th I've had eight green days in a row today's uh so far the 9th and I've made $450,000 in 8 Days accuracy 69% profit loss ratio right around 1: one biggest winner 32 Grand Biggest Loser 27,000 not bad so uh today after today if I can hold on to these gains this is going to be the uh what was it 9th day in a row two 4 two sorry uh 58 so today would be the ninth day in a row it's the 25th 25 is my favorite number uh it always has been a fun fact about the number 25 upside down it's 52 now most people don't know that but when you have a favorite number you know a lot about you know everything you know everything about that number so I know all its Secrets I know everything about it I know sometimes it tries to trick me up and you know oh today is my favorite day here comes number 25 trying to screw me up no no no not today not today good start today and I want to hold on to it uh I will acknowledge that uh it would not be impossible by any means for me to lose half of what I've got right here I'm up 85,000 I could easily Lo lose 40 Grand on a 10-point drop on GameStop 4500 shares 10 points I could lose 45,000 just like that so I do need to be careful on risk management on this one uh it does feel like it's coming back down a little bit this is not the bullish pre-market I was hoping for I was hoping that we were going to consolidate up here like this for a break of 200 and it was going to be fireworks up to 220 250 so in fact we're gapping a little bit down after after hours and even if we do break through 167 then we still got to get back to 194 I'm I'm not saying couldn't happen but I'm not liking this as much as I was after hours last night so you know got to be a little careful on the wrist cuz it gets a little bit higher Robin Hood Traders can't trade till 9:00 a.m is that true that seems crazy you know I didn't really set a monthly goal actually I didn't even and I didn't check to see where I sit on the month um I I haven't really set monthly goals right now because the Market's just so crazy what I make will just be what I make I mean I I I could have a great month or it could be choppy so I was sitting at 187 187,000 on the month after yesterday so that'll put me today up over 200 which is great and that's before fees and commissions fees and commissions have been more substantial this month but in any case you know it's still a it's still a it's a good month I guess um I mean you know it's my worst month since November but you know really can't complain so watching my scanners here I'm going to put them up here Warrior Pro students you guys have the scanners running on your side so we're going to keep GameStop on the left cost on the right I have this like little funny I don't know right under my C button on this laptop which is the one I used for the broadcast that button has just been like not working super well it's a problem because my hotkey for uh cell a quarter is control C and I trade on this laptop sometimes in the morning uh when I'm first getting up for is uh Hey net are you are you on are you in the small cap room this morning where's where's net at where's my man net all right well looks like like maybe he's not in today let's see all right what time is it 8:26 I haven't even have my breakfast yet no Ryan she let me down I was working on my Craigslist post used old dog for trade yep she's no good anymore I told her to buy GameStop uh yesterday afternoon when I was driving home she didn't of course she doesn't even have thumbs but yeah really let me down look at this so this is tricky this is tricky stuff so these waves are deep you know it's a deep pullback a quick climb a deep pull back another quick climb this becomes tricky this is difficult stuff to trade when it pulls back that much because now what you get back in at 62 you're getting back in at the top of the range can't really do that I mean I you could but I don't really want to do that good morning Roberto so it's 2:30 in the afternoon in Italy right now must be nice what's the temperature is it sunny sunny in Florida all right rad says it's 33 3 well it must be 328 in Bulgaria okay sunny in the Netherlands I read an article you're not going to you're not going to appreciate this read an article on the BBC oh boy the Netherlands largest cocaine bust ever 20 tons that's is that 40,000 40,000 PB found in a series of like nine or or 10 shipping containers 20,000 tons you guys you guys got to figure your stuff out I mean I'm that's crazy hope they make a movie about it all right GameStop I don't I don't see the setup right here it it is it's a bounce back off the volume weight average price but for you're right Lissa so we have two stocks um very wise we have two stocks that are kind of stealing the show today GameStop and cost so as a result there's nothing really else on the Gap scanner that's every you know everyone's watching these two now there might be again maybe you see one of one of them pop a different stock pop up but these are the ones that are definitely stealing the attention so unfortunately you know one of these other stocks on the scanner uh if it weren't for cost and gme stealing the attention you know so this is like me in high school if it weren't for you know the 15 uh you know well I only had 100 kids in my school so if it weren't for the you know 35 other uh guys that were handsomer than me I would have been the most handsome well here we've got gme and cost so if it weren't for those two you know maybe one of these others would actually get some attention but well they gme and cost stealing the show again every opportunity to take their shirt off varsity football you know and so uh we just got to sit here and wait it out our time will come but yeah so you know these two are the focus stocks so on another day if it weren't for uh these two maybe we would have some nice action on umt for instance sckt or dynt maybe we would but unfortunately they're not getting that attention and that's kind of the funny thing with trading is you'd be like man I don't get it why is SKT not working out as well today so if you had if you had tighter filters on your scans you might think that sckt is the best stock or maybe dynt is the best stock because you're not looking at anything over 30 bucks so you're not seeing gme you're not seeing costs you're not seeing p and and you're like man the leading gapper today is not doing well and I like to keep kind of an open filter there so I can really see what's happening in the whole market and then you know that that allows me to recognize all right you know what we've got something that's stealing the show everyone's going to be focusing on this and maybe we do get some good opportunities if we break 6750 I I would be looking for a squeeze you know but who knows maybe a break 6750 does a false Breakout flushes but the question is in this area could I take a trade over 56 I could um you know it's kind of a dip and then a pop back up there's 56 there's 57 so you see it's starting to open up a little bit more there but then you'd be buying it right into the highs let's just draw this descending line we're coming right into that resistance level thank you that's a good High I had that on my other chart and then I took it off here on this one of course you have to add it on each time frame so we're kind of running into some of these levels here so we got and then look at that look at that drop right so that's a fourpoint drop cost uh similar kind of pattern here uh it's above that descending resistance level you know cost this pattern back above the volume weight average price the high there is 3530 it looks good it does uh the main issue is that it's tied to GameStop so if GameStop doesn't hold up then then costs won't either it's that's the same with trading some of the crypto currency stocks they're so tied to the price action of crypto um yeah and I I would agree with John in terms of this is one of those days where it's it's it's very hard to manage risk and it's it feels frustrating because you know it's only 8:30 so it's only 8:30 we we may see some more headlines come out we may see some other things pop up but at this point right now it's it's it's GameStop which if that works then cost probably works too or if GameStop fails cost fails and then that's it unless something unless and then we have to wait to see if something else pops up and we do get some some other opportunity [Music] so you know all things considered I'm basically sitting the same as I sat yesterday 80 you know 880,000 85 86,000 and then yesterday I finished the day up 50 Grand I gave back 30 off the top I'd like to not do that I had one really nice trade on gme and I'd like to keep that in my pocket now if these prove strength I'm would love to get back in if they keep going but I also don't want to overstay my welcome nice Robert looking good so Robert posting his p&l there looks like you got a trade [Music] on gme for $639 and a trade on cost for $245 you know $884 that's a great day I know it's easy to oh man well bres up 80 grand $800 that's nothing $800 a great day be grateful for it don't be uh you know when when you're not grateful for it then you quickly give it back and then it's gone so be grateful for that 800 a day if you could do that consistently you'd be one of the few that are uh profitable so Alejandro says you're putting too much analysis into a stock that doesn't care about doesn't follow technical analysis I I don't disagree with you on that um that is a um that is a that is a frustrating thing with GameStop but I I wouldn't say it doesn't respect technical analysis at all uh but it it does have an ability to just kind of do its own thing and defy logic which makes it possible that it could actually go up this much and you know you're sitting there scratching your head where do I finally get in so you're right um and maybe all these lines are for nothing maybe it just blows right through all of them but if we come up to one of them we do start to see it falter then that you know would be reaffirming that that was a level that I probably should have been thinking about taking some off the table uh all right so let's make this one smaller LZ Lotz is holding up relatively well by the way those of you guys tuning in looks like we've got about 8,000 streaming on YouTube please hit the thumbs up and please subscribe we're trying to get this uh Channel 1 million subscribers it will not happen without each of you guys hitting that subscribe button so I do the the live morning show every single day I don't usually start as early as I did today but I do morning show every day I give you my watch list sometimes I take a few trades depending on the market conditions I try to give you guys a little taste of the education over at warriortrading.com that's where I have my uh fulllength classes for those of you guys that want to keep learning students that are in the classes you of course know this we've been going through this curriculum here and students also have access to our scanners and our private chat room for uh students only and uh you guys have access to to a trading simulator so you can practice what you're learning without putting real money on the line so what I obviously love for you guys at some point on YouTube to come over and uh join us you're always welcome to do that but I really do appreciate you guys on the YouTube channel hitting those uh thumbs up buttons and subscribing to the channel and those you guys um I'm going to give you a link so uh today at 1: p.m.

I'm going to uh we're going to have a replay of my day trading 101 webinar day trading 101 webinar how to find strong stocks to trade so check that out if you haven't already I think you guys will enjoy it it's also pinned at the top the comments or at the top of the chat feed here so I always am very transparent about the fact that uh number one these are real profits I'm not trading a simulator this is real money my broker statements are posted on the website that's number one number two my results are not typical you should not assume that they're typical you should assume that in fact you will lose money as a Trader because that's what uh the statistics tell us and the majority that the majority of Traders lose money let me put this up right here um let's see there we go um and I'm also transparent about the fact that I can't guarantee that you'll be successful just because you take my class we don't have the success rate of our students our students trade at their own brokerage accounts there's not really a way to verify if someone if we asked are you profitable to even know if they were being truthful in that statement so we don't know the success rate of our students we certainly have had students who have become profitable Traders we have two students uh this year who have become members of the million dooll club which is fantastic meaning they've made over a million dollars in trading profits we've got um a number of students who are part of the 100K Club a number of students who are part of the 50k Club who have voluntarily shared their broker statement so they can get that badge so when you're in the chat room and you're um you're a profitable student you get you get a badge so uh it it's and Gary yep so yep you got your 100K uh badge right there which is fantastic so I'll just put this up here so um so you can see here so Gary's got his 100K badge right there um my badge is here that's the 1 million badge anyone else with a badge want to say hello you're on YouTube but I'm not going to tell you that you'll take my class and next week you'll make $100,000 I like there's there's no uh there's no way I can I can say that you know you have to understand that this is very hard and most people do lose money but uh if you want to learn I'm happy to teach you and I will teach you everything that I know about the market hey Dylan 50k 100K soon right on awesome lost 1400 yesterday all right well you know 10K badge yeah yep thank you Jason you've got your 50 K badge there Emanuel there's Jess 100K I hear you well it's ups and downs of trading very good made 900 so anyways um let's see GameStop you know this is still um this is still interesting let's see I put this back down here that was the first five minute candle to make a new high now we're seeing another surge back up cost is back below the vwap but we'll get this chop still have about 45 minutes to the Bell volume has declined a little bit off of that surge at 7 I would think the Traders perhaps like me are waiting for a clear obvious opportunity we better off waiting and being patient than jumping in too soon we're still at this descending resistance line nice Mark good job that's awesome that's amazing good for you showing his p&l uh 93,000 looks like that's on uh GameStop 80,000 on GameStop is that a TD account is that s or real money that's awesome good work yep so I'll give you the link for verifying your broker statement here so uh broker statement verification there you go so get that badge good for you gme is still in consolidation here yep we don't have confirmation uh of a breakout just yet to be honest uh between again between the two you know if I traded both at the same time if GameStop starts breaking out I could trade both I could buy GameStop and cost it's just hard to focus on two trades at once for for e so I'm not going to play music um because uh some of the songs get flagged for uh copyright and then it's fine but then uh I have to do Revenue sharing on face on YouTube ads and I don't run YouTube ads so if I play a muse a song then they automatically start running ads on my videos and I don't want to run run ads on my videos so uh I I can play you know there's some stuff I can play and but I just sometimes it gets picked up and sometimes it doesn't so and I could just sing it probably wouldn't be as big of a deal if I was already running ads on my video but since I don't run ads all right I'm going to refill my cup of tea we've got about 40 minutes to the Bell for e e for for for all right well look like I missed the beginning of a breakout there so the high of that candle was back to 61 10 points but I don't want to chase it 6171 I don't know if I would have taken that trade maybe over the pivot of 54 55 maybe you see the volume on um looks like a 10,000 share seller up there on GameStop first one minute candle to make a new high would be back over 60 so orders around 60 watching long there 60 looking for the squeeze first one minute candle to make a new high back through 62 so my ad will be over 61 and 62 watching for my ad 61 little chop right there orders it 162 to add so we're getting that draw down there high of this candle is 60 we broke through that descending resistance right there low that candle's 56 I'm going to add on the dip at 58 uh right there so accumulate a little bit more on the dip for the curl back through 160 pull it together girl my thought on this is that uh we break through 160 then 64 65 then we got to break through 68 right so 168 is the big line let's see right around 9:00 a.m. if more volume comes into this so watch for the add over 61 62 so adding into that high a day squeeze this is buying dips when I add down here watching over 160 so here we've got this uh ascending support line so let's watch that break of 160 more volume coming in here that's what we wanted to see write it uh 9:00 a.m. watch the add over 160 then 161 adding there at 160 adding at 62 now looking for the squeeze through 63 adding at 63 looking for 65 volume's coming in we're looking for 165 there's three on the ask there's four nice taking a little off the table beautiful stop break even on the rest volume really came in there at 9:00 a.m. scaling down new order at 165 high that candle was 16358 volume Spike right at 9:00 a.m. watching dips for the next trades high on cost was 136 but it's dipping because GameStop is dipping right this is bouncing off of the ascending support however every dip trade I've done where I've bought this as it's dropping I've lost on so far today so I'm not going to do that I'm not I my temptation to buy right here I'm not going to do that because the last two times I did it I lost so I'm going to wait all yeah the nice thing though with these two trading so closely together is that if GameStop starts to rip I can take bigger size on cost because it's lower priced so that's that's the good news but because they're so tied together um I'm not going to get the trade on cost unless GameStop goes GameStop goes first then cost follows so this was cost yesterday this was GameStop yesterday right so pops up pulls back a little at the close pulls back a little they are like a mirror I mean they are the same so focusing on GameStop but keeping both of them on watch now on that trade I I could I suppose I could have just done the trade on cost but I didn't feel like I wasn't sure about that entry which would have been 35 it only went up about 87 I think for me to want to trade cost I'm going to need to see GameStop going parabolic like bordering on getting halted halted on circuit breaker for e so you know even though I missed the action yesterday uh I didn't trade any of that squeeze on GameStop yesterday you know I missed the whole thing I was I was driving I had to run some errands and I whatever so missed that whole move if I had been here could I would I should I have traded it well I mean you know yes but on the other hand I could have also just as easily been outside playing with my son and I usually I usually try not to sit here till 4:00 and I try not to trade after hours because trading after hours if you lose you've got no time to recoup those losses so I don't know I mean I you could always say oh man I would have made half a million dollars trading that yesterday and maybe I would have but would have also required me to take a pretty high level of of risk with a late day afternoon trade and so in any case rather than beat myself up about that and tell myself okay I got to trade till 5:00 P P.M every day for the rest of the year because I don't want to miss that again I just let it be what it is and come back and trade this morning and so here I am this morning sitting up uh um well let's see 84,000 plus 21 so now sitting at $105,000 on the day so you know all things considered i' I've not to compare myself to others but it's very possible that I've made more than someone who even traded this through that whole move yesterday I just had to you know come back and wait for the spots that made sense but I made $100,000 I'm up $100,000 and I've been trading it in this range so if we get another squeeze like that where it rips up you know 30 40 50 points I I could do well I would love that to happen it's just it hasn't happened yet today I don't know if it's going to happen and sometimes these moves happen at funny times like 5 in the morning or after hours and it's like man why does it have to make the big move it's such a funny time of day and I think it it happens because it the market is kind of not prepared for it not expecting it you don't have maybe the short sale is lined up to start shorting it it's just at a funny time of day so it when it takes the market by surprise and and goes when it goes I don't think anyone was really prepared for it so some of you guys may have traded it and you know happened to just the luck of the draw that you were sitting in front of your computer and saw it but I also guarantee you that there's people that uh easily could have traded this this entire move yesterday and still manage to lose money and you say how how is that possible well I've done it before and it's possible when you know you sort of get in right here false breakout look at that hit a high of 28 drops to 110 that's an 18o false breakout right there this right here continuation false breakout drops back down that right there's a false breakout that right there hit a high of 170 drops down to 150 that's a 20 point false breakout here's another topping tail dogee and then look at that rejection from 200 00 back down to 165 in one one minute candle so that's how it's done I've I've been there I've watched the stock go up $50 hundred a share and somehow managed to lose money on it and just been like wow I feel like I'm I really feel like an idiot here and these stocks that just go up and up and up it does feel like they don't respond to those technical levels they just keep going doesn't really make sense and you're just feeling confused so focusing on the time of day you typically trade the best focusing on the patterns that you understand the best and managing your risk is what it's all about you never cap capture every single momentum stock you'll never capture the entire you know bottom to top of a move you just come in and do the best you can each day so we've got about 20 22 minutes to the Bell uh that last trade for me on at 160 was good we got a 5 point four point breakout I a averaged down on it at 158 look at Twitter uh so Twitter I don't know I you know to be honest I really don't have a lot of interest in Twitter um let me see what the catalyst is is there news that came out on it what's what's what's the news on Twitter did I miss something from $72 to $80 in 8k filing what c8k filing say yeah all right well I don't know I I I really don't like Twitter that much Flo is 773 million shares I don't think so maybe it goes but I think I'm just going to miss that one I don't want to chase it up here I I'm just I don't think I mean well I'll keep an eye on it over on another chart over here but I don't I don't really trust that one you have so many institutional traders in it uh as it breaks alltime highs you might have people that are taking profit Twitter sets gold a double Revenue good luck for higher that candle there 5890 look at that pop right back up to 62 look at how fast it pops there up to 62 long there at 62 now we're starting to open up here this breaks over 63 watching for an add through 63 64 65 adding at 64 right there now we're starting to squeeze up 68 is the next Target on GameStop holding right now looking for the break through 65 66 volume is coming in it's a nice Flatt top breakout watch over 65 for the ads watching here 65 I'm going to put an order at 166 so when this starts to ascend here we've got that logical Target which is we break through 168 and now we're getting into that 170 190 area of yesterday that's the spot that we want to see watching here for the ad over 164 165 164 is a little level right here watching for dip trades buying the dip at 63 right there looking for the break through 64 there's 64 now there's a seller at 65 I'm going to take a little off adding back at 65 right there now we're squeezing now looking for 68 watch this here there's 6 66 there's 67 over 67 could be a long for the break of watching so we're starting to ascend through that 68 spot adding right there for the break through 67 scaling in now looking for a squeeze up to $70 this looks good all right so watch this over 68 we're looking for the break through 168 and squeeze up to 170 this looks great so I'll let it dip down curl back up and then 167 is the next ad spot orders at one I'll put the order at 169 so it's ready to go buying the dip at 65 right there for the curl back through 67 as we come closer to the bell and it ascends higher this looks good watching 67 then 68 squeeze up through 70 so you've got 67 coming up right here watching for the ad through 67 adding here at 66 66 scaling in for the break through 67 then 68 here we go there's 67 there's 6750 can we get 68 there's 68 there's 68 there's there's 69 there's 70 order at 170 now watching for a quick dip long at 69 buying that dip right there for the squeeze through 70 now we're starting to get parabolic there's 70 on the ask watch a dip right here long over 70 adding at 67 buying that dip for the pop through 70 as this starts to squeeze through that level next Target $75 175 watch this over 169 adding there 69 for the Breakthrough 70 scaling in here looking for that squeeze up to 175 I'm going to add over 170 watch here looking for the add break through 170 buying the dip at 68 there we go there's 69 we're going to break 69 70 this is a flat top breakout there's 72 this is amazing high of this candle 72 New Order 172 watch here sizing down a little bit taking some profit off the table over 170 New Order 175 size down on this pullback high of that current candle is 172 we broke the flat top on high volume which is great now I'm tempted to buy a dip but I don't want to get sloppy in doing that because like I said the last dip trades failed that candle right there through 170 interestingly the cost is lagging behind I see that so we broke through that level which is great now on the daily we've got uh I want to see us hold over 168 and then room up to 170 so I'm going to put a new order at 170 here watching this dip I don't want to underestimate the low of the pullback is 65 adding back at 68 right here stop is 65 looking for this to break back over 170 looking for the first one minute candle to make a new high through 170 and then a retest of 173 let's see can it break back over 170 I'll add over 70 ERS at 170 to add we're starting to ascend a little bit here adding at 69 there's 70 can we get the break of 70 then squeeze back up first one minute candle to make a new High new orders at $710 for the ad adding right there for the break of 170 so starting to scale back into this then over 172 there's 170 on the ask look for the add then the squeeze up to 172 173 174 I want to see 175 that's the spot I'm really kind of dialed in on here watch the break over uh 69 70 here we go there's 70 on the ask again there's 71 taking a little off the table New Order 175 High of that candle is 72 so taking a little off the table as it breaks in uh over the 70 level sizing back down to Flat as it failed there it's back down to support now I'm going to look for a dip this is a one minute this one minute candle here is a false breakout it made a new high now I'm going to look for the break of 65 and on a break of 65 I'm going to do a dip trade we've got 13 minutes to the bell and this is actually you know in that move right there in that 5 minutes looks a lot better because now we're opening I mean we're still right around 168 but we're opening about flat to where we were after hours Target is 200 it's interesting that cost is lagging behind a little bit I'm not sure exactly what that is it maybe that people are just starting a short cost because they're like listen this stock isn't even it's a sympathy stock why is it even it has no reason I mean gme barely has a reason cost has no reason to be up this much so watching for a break of 65 for a dip right here starter at 6350 stop is 60 only buying 500 shares to start watching added right there 65 and then there's a 40,000 share seller come on 40,000 share seller up there I don't like seeing that see that seller right there so I'm sizing back down I don't like that seller which one of you selling 45,000 shares 20 minutes to the Bell so very nice trading in that area sitting at 162,000 on the day right now between my two accounts 14 million shares of volume I'm I'm I'm I can't help but be a little nervous about the open and what might happen uh remember at the open options uh will start to trade we don't have a 5 minute setup right now 5 minute setup isn't there the uh obvious high at this point is 72 so I have an order ready at 72 to add if it breaks that level come on girl still 4 minutes left on this current candle let's see so at this point all eyes are on GM I'm not really focusing on cost anymore thank you guys who are tuned in on Facebook and YouTube uh hanging out and watching over my shoulder here a little bit kind of a crazy day GameStop I knew it would be crazy so got up early to start trading it early we've been kind of watching this since about 6:45 a.m. volume really started to pick up at 7: a.m. so I wanted to be here for that I'll be definitely curious to see um whether or not you know what happens at the open uh so as I sit right now on GameStop it's 9:22 I'm up $142,000 on the day plus another 20,000 over here uh in this account on this account I got in for the break of 150 and got a solid 10 points on 2,000 shares that was a nice trade over here I've been much more active getting in getting back out and I'm watching Game Stop and trying to figure out and decide where the next potential entries are going to be just going to make my charts a little bigger here okay so yeah I'll keep GameStop uh as the focus stock cost I'm not sure about like I said it's kind of doing a little Divergence but if GameStop goes parabolic I I guess I would figure cost probably will too so over $36 they've been trading pretty close together but a little bit of a Divergence here in the last few minutes so the high is 36 I just think that it's a bigger short Target because it doesn't have as clear of a reason for being up it's just following GameStop but they're totally separate companies they just both had higher levels of short interest that's all remember as always and I'll put my disclaimer up here on uh YouTube and Facebook trading is risky in case you didn't already know that most beginner Traders lose money so you should assume that you will also lose money uh I would would that in mind trade in a simulator and not put real money on the line there's my disclaimer until you've proven profitability you shouldn't blindly follow me or anyone else you've got to learn a strategy so right now I'm taking along at 67 it's starting to ascend right here on the 10-second chart so what I'm looking at is this Ascension here the break through 68 and then if this breaks back through 70 I'm I might be a little early on the 5 minute setup the first 5 minute candle to make a new high is going to be 70 but I'm holding at 6725 so now my ad on this is going to be over um 70 we do have risk of false breakouts waiting waiting right now waiting for the first uh one minute candle to make a new high five minute we have just a few seconds left four 3 2 1 so now we're clear for 5 minute breakout over 70 first 5 minute candle to make a new high adding there at 69 now looking for 6950 looking for the add over 70 adding at 70 now looking for 73 watching over adding at 72 there's 73 can we get the break of 74 adding at 7370 for 74 we're squeezing up here right into the open picture perfect break of 75 is the next Target watching dip adding long 60 uh 7468 for the break of 75 watch 75 and then a squeeze up towards the 80s there's 75 it's having a little bit of a hard time breaking that level but let me give it a chance adding long right there for the break of 75 doing a quick dip that was a nice breakout there 75 there's 75 uh 50 holding 3,000 shares looking for a dip high of this candle is 7545 New Order 7545 76 176 so watching 176 for the next trade and a squeeze up towards 180 we've got only a few minutes to the Bell but this is looking good based on where we're looking to open so sizing to try to catch that break over 176 and then a squeeze at the open how high is it going to go man I don't know if we get the break of 180 we could start to move pretty quickly looking to keep trading this looking for the ads long over watching watching for my ad over 75 this is a one minute micro pullback so I'm holding through it I'm going to look to do a long on a dip adding at 74 right there bought the dip for the Breakthrough 75 watch over 75 and 7550 watching for my ad 7550 this is a 1 minute micro pullback looking for the break of 75 there's 74 73 still holding I'll look to do a dip trade looking for that pop right back up and then over 75 so my question is at the open do we get that squeeze through 75 and squeeze up to 180 I could certainly see that happening let's give it a chance to pop back up through 7475 two minutes to the Bell watch 74 there's 74 on the ask then we're looking for 75 so let's see let's see what this can do it's dipping a little bit I'm going to take a small loss on that and I'm going to go in and adjust my hot Keys here with 90 seconds to the Bell my cell hotkey uh contrl Z is not offsetting enough below the bid I'm only 15 cents and on this stock I need to give it a bigger offset so I can get filled cents and 50 cents my shift one hotkey I'm going to adjust as well shift one to 50 cents above the ask so I can get filled shift two I'll do 50 cents as well giving myself more slippage my offsets off the ask I'm going to do bigger as well uh let's see we've got less than a minute to to the Bell so this is where I adjust my hot keys for the market that I'm in I do think that that's the right move we've got 30 seconds to the bow in order for me to really have a good day this is going to need to break over 180 190 and 200 okay so here comes the Bell expecting lag orders at 175 this could flush 10 points it may not be something I want to trade in the first minute let me just watch this we're going to have some option orders that go through we can expect that a trade in the first few minutes I could be risking 10 points so here's a selloff right here there's 50 I saw 58 on the bid for a second dipping back down there might be some people taking profit could we get a red to Green move on it right now waiting I don't see the halt levels on it just yet there's 58 59 56 by 58 I'm going to take a dip trade here at 54 I'm going to try to do a dip off the half dollar and start to step up because this is the volume weight average price so I'm doing a bounce off vwap at 54 adding there now looking for the squeeze through 75 so looking for that red to Green move over 70 is an ad watch this here over 65 165 then 170 there's 163 look for the add over 163 164 we're starting to base out here for the first one minute candle to make a new high volume is going to increase I think uh we're just still sort of sorting out a little imbalance looking for the ads through 170 red to Green watch over 168 let's catch the break of 168 I'm cutting it uh for a small loss there at 60 I'm going to let it dip down again cost is moving up um I have that on my other monitor but like I said I'm just a little cautious on that the low is 52 on GameStop maybe I'll let it come back down to a double bottom you know what's funny is that this almost feels throttled in the volume typically what you see on volume is what you see on cost it's almost like it hasn't fully opened cost volume starts surging as soon as the bell rings gme is still kind of burning through this like imbalance in a way it's weird it's not the Vol there's the there's volume picking up on that candle there so watching down here on gme this is right at the volume weight average price Now volume is coming in back over 160 stop would be 150 there's 148 H H level going down is 144 now we're seeing the H levels long at 46 buying the dip at 46 trying to do a dip trade on this but stopping out 2,000 shares lost uh what did I lose uh 8,000 uh all right it's weird open weird open I'm going to put an order at 140 if it false halts but you might just be seeing people taking profit now of course cost is halting going down as well all right so we're halted down at 137 so you know I stepped up to the plate on that and did a dip at 4650 and stopped at 44 and then the rest at 42 two points of slippage okay so watching the high day scanner sitting right now up 192,000 on the day which is amazing ssnt these days they're few and far between ssnt um seeing it squeezing up the halt level is 965 but I kind of have missed a good entry Dy NT I'm not sure about that either ssnt up to 91 but this is coming right into the resistance here the volume weight average price that's resistance at 91 for okay ssnt from 9 to 10:45 so it's breaking through that volume weight average price million shares of volume halt level is 1045 it looks like it's going to Halt no trades for me on that one yet halt level may move up again if the halt level moves up we could get a dip uh but just see what it it does hot level moved up long at 30 buying the dip there for the squeeze up to 1075 when the hot level moves up I buy that so watching ssnt over 1050 for the ad up to 1075 added at 1045 right there so looking for that squeeze through 1045 and then up to 1050 watch over 40 adding right there at 50 there's 60 taking it off the table oh man so okay this is a problem these hot keys are not going to work work for these other stocks uh this is so this is the problem I've now tuned my system for GameStop and that is not going to work on some of these other stocks so ssnt I sold on the bid full position which is not what I intended to do all right well let me let me let this pull back let's see if it can hold the volume weight average price in any case I I don't love that red candle there uh that dip from 50 down to 93 then back up in a false breakout I'm going to watch GameStop uh on resumption cost I don't care too much about GameStop so this was a funny open it was almost a delayed open here by a few minutes just all these orders here were lighter volume and then it started to sell off so on GameStop uh you know maybe it just Fades and people are just like oh I'm going to take profit but I'm looking for a red to Green move the problem is that that I idea of a squeeze up to 180 well now it needs to get back up you know above the half dollar so the halt was at 933 and 39 seconds resumption should be at 938 and 39 seconds ssnt I'll keep on watch made 1,600 on it but so the halt was 137 so I'm going to put an order at 140 on ssnt or uh GameStop if it opens flat I'm buying watching opens flat but weird waiting waiting on that long right there buying the dip just 1,000 shares to start adding there for the break over 150 watch this over $150 holding it looking for a dip and then a squeeze through 150 a red to Green move there's 144 looking for 147 I think we'll get the break through the half dollar so let's look for that break through the half dollar there's 47 can I get the ad 48 watching for an ad adding at 48 for the break through the half dollar looking for that pop through 150 halt going up is 155 look for the add over 150 and then a halt going up on GameStop Watch here for the ad over 150 adding at 150 there we go taking the profit off the table1 5 on the day high of that candle is 154 I'm going to let it dip for a second then reposition for my next trade Hal level moved up a little bit okay we're reclaiming the volume weight average price I was down $35,000 on that trade before I went green on that dip right back here to 39 I was down $35,000 high of this candle's 5780 I'm going to let it pull back for a second can it hold this level we've got a big spread on this so now it's back to 49 dip trade long at 50 I'm buying the dip there looking for the pop back up managing my risk here with smaller size initially looking for the break back over 50 and cutting the loss there uh 43 lost on that one 14,000 so this is a tough one this is a tough one sitting back at 180 basically the same as I was from pre-market right now we're not getting big enough moves I guess to make uh good money on it it's moving but it's just so volatile so glad I didn't lose 50 Grand on that trade if it had broken back to 35 I would have had to cut it for a 10-point loss from 47 entry well 10 minutes into the day I see KT hitting the scans but I don't know I I'm I don't like that ssnt didn't hold up I think if I buy this I'm just going to be buying right into a flush I I don't think I can do it I think it's GameStop or or nothing and with GameStop dropping there maybe that's it now that maybe is it for the first you know 15 20 minutes maybe we do get a nice red to Green move later in the day but the big move should have been right at pre-market and it should have ri right at the open and should have ripped through 75 right here on this candle if it was going to squeeze that's where it should have happened 75 80 85 red to Green second best opportunity and at this point we're going to Red we're rejecting off of that 168 level so gave back 14,000 off the top it is halted again going down at 129 was up at most 195,000 on the day sitting at 180 right now I think I'd rather keep that in my pocket then give back any more chasing it as it drops so here's what I'm going to do I'm going to go into my share size and I'm going to reduce my Max share size to 3,000 shares now with 3,000 shares I can still realistically I can still lose 30 grand uh 10 points but I'm going to reduce my share size I would say that this had the potential uh if we had gotten that squeeze through 175 and then adding for that parabolic move 185 190 break of 190 back to 200 room to 212 on the daily if we had gotten a candle like this just inside a candle like that I think I could have done really well we just didn't get it not well not yet again still early but I think today's a day to be really cautious I mean I guess that goes without saying but this move on gme you know it's kind of it's It's n nasty it's it's a bummer that it didn't hold up it's not surprising you have some people that are I guess taking profit on it after maybe being red but cdxc on the scanners look at that so straight from 10 to 1250 so this is one that uh has a little bit of a bigger float at 51 million shares it is easy to borrow GameStop what was the last print on GameStop my time in sales not showing me the last print which is weird I've never seen that before so the last print was at uh 4240 roughly so okay so we should get resumption around 47 47 30 okay and my time and sales is blank on this it's weird okay let's watch for resumption small size on dips buying dips and then catching bounces back uh back up so the halt was 29 I'll put an order at 132 250 shares long buying the dip there looking for the pop back through 130 then up to 140 watch over 130 added right there taking it off the table small gains 2,000 still holding uh 100 shares though well so back to flat or that trade was a break even trade because I held a little bit next Hal down is 112 buying the dip there at um 11360 for a bounce let's see if this bounces here 113 114 would be my new order watching for false Hall and a bounce back over 13 still volume going through so watch this here if it breaks over 13 we'll get a nice bounce no so it's halted so holding at 11360 down 60 I don't love to be holding into a halt down but in this case I'm kind of okay with it given that this is extended enough that it's starting to turn into a reversal trade off the low so the last reversal trade that I got there was the long at [Music] 29 so I was long at let's see uh 2867 2944 and then got profit at 3273 22 and 31 then I hit the bid on the rest at 26 and 22 so I did get a nice little dip there I've got 500 shares right now not 5,000 so my risk is definitely uh reduced no bids on this uh when we get these halts uh like this because this is um this is a NY stock so we don't see any any quotes So we look for a bounce here coming out of this halt maybe off 100 when you get these strong sell-offs just like the big moves to the upside I start to look for the reversal trade try to trade the other direction coming back up come on okay nice good job Richard yeah it almost looked like it was going to bounce there uh and it started to but then it sort of faltered so next order I guess I'll put it at 115 gmbl making a nice move you can see it on the scans but I'm I'm just focusing on gme it's the it's the right stock today with the volume me so the last print was 48 49 4850 so resumption should be 5350 so about uh a minute and a half away stocks like GameStop are certainly going to be some of the riskiest uh in the market these are very volatile but each day I look for volatility so these are the type of stocks that I I generally like I can generally do well on because they have big range you know this has had a range from 175 a share to$ 112 you it's a $60 a share range it's there so that range presents a lot of opportunity now for profit and for loss both ways and when I was first trading I would often lose on these because I wasn't as comfortable buying dips the way I am right now and I would just buy the breakout then a false breakout and all of a sudden it drops back down and it takes time to get good at these and the only way to get good in my opinion is to practice and every time I saw saw a stock like this I would be like man I want to try to Capt I want to try to capture some of that profit look at how this thing goes from you know $50 to to 200 bucks yesterday and I didn't capture any of it well I wasn't trading but seeing those types of moves and not making anything on it made me want to get better and I still have room for improvement I'm sure there's people out there today who are up millions of dollars from their trades on GameStop maybe from holding from yesterday or from previous days that's not me I I you know not to compare yourself always to others but I know some of you are comparing yourself to me and I would just say I could do the same thing but practice practice is where it's at so let's watch this for resumption so watching do we get a pop into a halt coming back up so I'm holding right now at 113 looking for the break of 113 and 114 looking for the first one minute candle to make a new high so the high of that candle there is $12.95 so watching this area for a bounce off 100 I'm going to add there at 08 I'm looking for the squeeze through so I'm trying to get the first one minute candle to make a new high watch over 105 106 this is a high-risk trade but I'm looking for bounce off of the psychological support of 105 of of 100 so now first cand to make