100% Accuracy Trading the Leading % Gainers transcript

all right everyone well momentum is definitely continuing this morning we had several stocks that squeezed up over 100% the leading percentage Gainer today went up 500% which was wild the thing about it that was a little tricky for me was that it started at like 152 cents a share so it squeezed up to just under a dollar but you know that price range is not usually my sweet spot I do feel some fomo that I didn't trade it though because I I saw it pop up and I was like uh maybe I should but I was like it's 20 cents that that really is pretty cheap I mean I've been dabbling in some of the lower price stocks in the last month I've had a couple trades on stocks in the 45 to 55 cent range you know is they kind of making their way up towards 75 cents or near a dollar but all the way down to 20 cents I don't know I just I looked at it and I was like I don't think so and the problem with that one was that the 200 moving average was like right at 55 cents but man it broke through that level and it squeezed so we'll definitely talk about that trade today and in fact I'm green on 2 467 looks like seven out of the seven stocks I traded so accuracy today 100% based on being green on all the stocks I traded of course I did have some losers in there but um my trading today was much more moderate than it was yesterday yesterday I kind of had that roller coaster where I I was up 21,000 then 177,000 then you 28,000 then 24,000 then 35,000 then 27,000 I finished right at 30 grand so today sitting at $3,469 51 man this Market is really impressing me I just didn't expect it you know in fact there were some points last year where I was just wondering when things were going to pick back up and and last year you know I showed up every single day and it was just cold in fact if we look at last year so right now year-to dat gross profit I'm sitting at $653,000 you want to know where I was at last year so well we can pull it up here um let's go to overview we'll go we'll kick this out and then we'll do uh last last year so last year was a really slow year for me I came in every single day gross profit $389,000 I am on track to double what I did last year now those of you who are around during the pandemic you know that I had a couple of incredible years 2020 and 2021 were my absolute highest performing years ever 2020 was just crazy and then 2021 with GameStop at the beginning of the year my best day of all time that was wild and I didn't really expect that that was going to continue but when it slowed down in 2023 I was you know I was really kind of just sitting here feeling like I had to submit to the market I mean we were not getting big moves and I just had to be content with chipping away at these base hits so this this last just in the last really month um I've been really impressed at the momentum so let's see this is my calendar for year this year to date uh oh year to date right here so uh had a great month of February and then it got a little slow in March April May June and then boom July unbelievable crazy good month 232,000 gross profit right now sitting at 104,000 and August plus the 13 from today that's going to put me at $ 120 $120,000 in August typically August is not one of my best months of the year but well right now it's the third best and I'm in good shape to make it my second best all I've got to do is make another 10,000 and let's see where are we sitting on the month if we pull up our calendar we've got well eight days left right 1 2 3 4 5 6 7 8 so if I just do $22,000 a day for these next eight days I'm going to make this my second best month of the year I don't expect it's going to be beating July in order to beat July I'm going to need to make another $100,000 so I guess it's possible like in July I could have two back-to-back days where let's see I was up 45,000 and 42,000 it's possible but I'm not going to set the bar that high in fact I'm really just grateful to be you know doing as well as I'm doing and focusing on consistency so when we look at the p&l from today this is kind of an interesting story because when I when I sat down this morning the first thing I noticed was that we already had a couple of stocks that were squeezing but you know I wasn't in love with them so tgl this was our leading gapper this morning early pre-market it popped up as you can see right here after hours and then at 4:00 a.m. it pops up to 259 it pulls back a little bit and by 7:00 a.m. well it's below vwap you know it's just didn't it didn't look good for a trade in that area and so you'll see I didn't end up trading tgl now it did end up squeezing at the open halting up three times in a row before halting down a couple times and well now it's kind of unwinding it's back down at a140 I mean I guess it's still up 146% but it's it never retested the pre-market high and so for that reason it didn't really give me a good setup to take a trade so that one was a no-o we had ttnp which I did end up trading um but this one squeezed up after hours as well and the challenge with this one was that the news headline is a merger and usually I don't love trading mergers uh you can see it broke vwap right here at like 6:30 it sold off and then it squeezes up right at the open through vwap up to 11 it pulls back and then it surges through a second time and goes from 11 all all the way to nearly $15 a share which was really impressive but let's go back to my first trade of the day okay so first trade of the day 7: a.m. it was on AUD so AUD at 7: a.m. it was actually 6:55 this thing starts spiking and I look at it and I'm like okay it's not a biotech company what's the headline announces launch of you know the something 3.1 with new AI functionality and I was like I don't know about this this this feels like it's off theme you know what was really strong yesterday were these uh small capat biotech stocks and I kind of thought that was going to continue today so when this first starts popping up I'll show you on the 10-second chart it was kind of wild because it pops up and it first hits like a150 it squeezes up goes to a dollar two goes all the way to $2 right here and then drops down to 160 so it's like boom boom and I thought whoa this thing is super volatile it then dips down to $150 it pops back up to 210 right here and then rejects back to 170 and in that area it was weird because we were seeing these like 15 20,000 share sellers on the level two it was just trading strange and it had high volume on those red candles so I thought I don't know this doesn't feel safe and then all of a sudden it squeezes right up here and I'm like oh shoot all right well here we go so I jumped in at um 226 and added it 235 and 240 and it squeezes here up to 250 hits a high of 240 actually pulls back and then it pops up here on this little pullback it goes up to 250 it pushes a little higher up to 260 270 and through that range I'm actively trading it I'm buying I'm selling I'm adding back looking for the break higher and it looks like my best exit was at 282 so it ends up going um let's see what was the high here 278 so it pulled back and then it came up right here to 295 so that was my best exit when it rallied back up and that rally actually gave us a um a one minute pullback here off of 220 and then all the way back up towards three but it didn't hold that level it rejected three and then at that point it just started to kind of unwind I saw some Traders watching it for a first five minute candle to make a new high right here but the problem is there were just too many sellers so I didn't take that trade so I ended up on my very first trade on it first trade I break the ice I made a th000 bucks awesome all right so now I've got my first ,000 cushion second trade I made ,500 so now I'm up 2500 third trade made 500 so I make $3,000 of profit on AUD and I'm thinking this is great this is a good start to the day the next stock that comes up is bcfc bcfc hits my scanner and the second it hits my scanner I pull it up and I press shift one I immediately bought why did I buy well I saw it spiking I saw the float was less than a million shares and I thought all right this is the type of stock that I should pay attention to so I jumped in before I saw the news I get in uh around a159 it ends up hitting $1.75 and then I realized wait a second this is a a Foods company it's not biotech and I was like I don't know I didn't see a headline now funny enough they ended up putting out news at 8:15 but that was after this first Spike so that was a little weird so anyways I got in and immediately got out I was like you know what I'm not trusting this so ended up being a small winner $262 all right so whatever small winner now I'm up 3200 on the day next trade EV now this was wild so in the interim irm irm or irn irm n imn what was it now I can't remember inm um yeah inm pops up and this is the one that goes up at 20 cents so it comes up here from 20 cents a share it goes up and I see it at 25 cents and I was like I don't know it's a little cheap it goes to 30 to 35 I was like uh well I can't chase it now it goes up to 40 to 45 to 50 and right in here I'm like okay 200 EMA is like right around here Taps the 200 it pulls back and I'm like yeah that's probably done and then all of a sudden boom it breaks 55 and squeezes all the way up to 95 cents I should have taken that trade and I should have bought this pullback but I just at that point I felt like I was chasing it so I missed that whole move and that was the cleanest biggest move of the day 500% absolutely unbelievable and you know so this is a pharmaceutical company and it had news with Alzheimer's so good catalyst I should have jumped on it I'm annoyed myself that I didn't so huge move right there but again it's now back at 40 so then EV this one actually I saw early pre-market because I saw that it was gapping up but it didn't really have any volume so I was like I don't know and I saw it around you know this morning around whatever it's like 75 7 7 7 75 right around there and it goes up to eight I pull up the level two because someone says in the chat they're like I like this for the break of eight and I pull it up and I was like huh okay I see that and I see the level two is a little spread out it's 750 by 8 so it's like a 50 Cent spread and I'm like uh I don't know I'm not sure about this so I end up um I'm not really sure about it I'm kind of just sitting there I'm like is this going to work and then all of a sudden I see volume come in and I'm like okay boom I'm going to jump in this thing I pressed the buy button three times put the limit order to 8 uh 24 so that was a bit of an offset and I didn't get filled it jumped over my order and all of a sudden it's printing $8.80 99 and I was like oh my goodness $9 on the ask and then immediately it's at1 so now I'm like all right holy smokes this is crazy this is a huge move what do I do it jumps basically from 8 to 10 right here so I end up buying this dip right here so right here I got in at 1050 1065 actually it drops down to 880 and I'm like oh my god I've made a terrible mistake and then it rips right back up and goes to almost 12 and I was like whoa holy smokes giv me Whiplash so I end up taking my profit I let's see I added it 1065 and 1096 and 1106 I then it drops I then take profit it comes back up and then through this area I added back so now I add back at 1194 for the break of 12 it breaks 12 it goes to 1350 it goes up to 14 I actually added as high as 1430 because I thought this was going to squeeze here through 15 and then it stops it drops and I and I stopped out at 14 1396 now um it's important when I say stopped out I sold for a loss with Excuse me a limit order on the bid it wasn't a stop order it was a limit order so I stopped out B basically I I bailed out and I got filled at 1394 1366 and then 1307 I got a little slippage coming back down it sells off here and I bought the dip down here at about 1113 and 1148 it bounces up to 13 which was pretty good uh and then it uh sells off some more so as it sold off some more I was like all right now we're sort of seeing this head and shoulders pattern this isn't great and that kind of became the theme for today it's kind of unfortunate because we had these big moves but they didn't hold up so EV didn't hold up ttnp well it's holding up somewhat right now but it also had this big high and then back down a that one obviously didn't hold up pfrx PR sorry PR FX this one is another one that I traded had that big spike from 40 cents to $120 now it's back at 28 so when you start seeing these types of round trips these are going to give some confidence for short sellers because they're going to say I just have to short and just keep adding because this will come back down and that's going to work until it doesn't alz is the example of the stock of course yesterday that it didn't work on right alz it goes up to from 3 to six and people are like I'm going to short this this doesn't make sense that it's up this much next thing you know it's at 8 then it's all of a sudden at 99 then it's at 10 11 12 13 14 15 and people are getting squeezed out so you know goes up 700% so it it can be really tough as a momentum Trader to know when to lean in and get aggressive and when we're going to start catching these reversals but you know right now after some strong moves yesterday I was expecting that we would see some good action today and it started nicely with AUD that put in a pretty big move from a120 all the way up to nearly $3 a share but then it kind of rolled over people kind of gave up on it and then all of a sudden attention shifted to imn right a lot of attention on that one it's cheaper made a huge move but tops added a dollar a share there was like 300,000 shares on the ask around a dollar tops out kind of rolls over coming back down so then that one starts to roll over then you know you sort of look at some of these others like um what was it um tgl you know that one tried and it couldn't hold up and now it feels like we're seeing a little bit of a trend here where you're getting some big volatility but these aren't holding their levels so that was part of my kind of calculation to reduce share size and slow down and not overstay my welcome so right now I'm actually sitting at my high of day I didn't I haven't given back profit off this level I peaked here and I've just been sitting here for the last couple hours I taught class for warrior Pro members and you know there were a couple stocks that moved while I was teaching class but you know whatever it was teaching class and now I'm just looking at things and I'm thinking I don't know it's not really worth it I see s moving higher and I know this is one that uh put in a big move yesterday but as I look at it today I'm thinking what's the Catalyst why would it break yesterday's high you know so I it's hard to feel confident in that ivp this one had news this morning it's not biotech Veterinary Partners it pops up and it rejects so that was kind of the theme this morning and the fact is you can make money in that volatility but you've got to be really diligent about cutting your losses the second it doesn't look good and so you know I had EV that was kind of my biggest close call because I got in and it all of a sudden drops down to 880 and I actually added on that flush which was a risky move and you know at that point in the day I was still feeling confident and I was like okay it's it just flushed but so did AUD early on it popped up it flushed and then it went higher so I was I was still like down but not out but then after now seeing a couple more moves like that I wouldn't be so quick to buy those dips uh so you know I think today is a day where maybe we're seeing some fomo from yesterday you know we had such great action yesterday so Traders are quick to jump on things but the things that they're jumping on aren't really high enough quality in terms of the actual fundamental Catalyst to hold the levels that you know they're they're they're hold the moves that they're making so they're getting these exaggerated moves but then buyers get nervous and then shorts get confident and you get that swing back down and that's one of the reasons that you know to the that extent the market is self-correcting because you start getting these really big moves what's going to happen shorts who missed it are going to be like I got to short a little earlier next time I got to go a little earlier a little earlier a little earlier and Longs are going to start saying ah shoot I bought too high I bought too high I got to be a little careful next time so you take away some more of those buys you add some more of the sells and all of a sudden the move starts getting a little bit smaller right and then it can even get to the point where you you essentially have news and Longs are too nervous to jump in and just and then nothing happens there's no move to the up side and there's no move to the downside because there's nothing to short and it's just flat and then that's kind of the extreme so and then what it'll end up happening is all of a sudden we'll have a stock that you know has news but the news is legitimately really good and boom it squeezes up shorts try to short because they've been used to that and then they get squeezed out as it pushes higher and now we're back into this extended exaggerated cycle so this is something that happens really all the time in the market we go through these Cycles where we're seeing exaggerated momentum huge moves that generally get very disconnected from the true value of these companies and then they sort of self-correct right we start having a period where we're seeing more chop and usually one of the things I notice when it starts to self-correct is number one we see more round trips where the stock goes up and then comes all the way back down and number two we start seeing more attention on penny stocks when we start seeing penny stocks popping up that is often indica that this little stretch of momentum is getting a bit overdone uh but sometimes we end up staying in the penny stock area for a while the thing is I think a lot of short sellers are more cautious about trading a penny stock to the short side because the most you can make is it goes back to zero so shorting a stock at 20 cents is kind of dumb in a way because it's so close to zero your upside your downside loss is so much higher than your upside potential best case scenario you make 20 cents it goes to zero worst case scenario you know 40 cents 60 cents a dollar a share you keep adding and adding and next thing you know you've got a stock that over the course of two days goes from 20 cents a share to 20 bucks and your account's gone so so I think that some of these penny stocks in the beginning of the move just don't have as many short sellers that are jumping on them so they're kind of a little bit of like a a refuge for long biased Traders when things start getting a little choppy like all right well focus on peny stocks cuz those at least you know people seem to like and and they get a nice sort of squeeze and they don't have to many short sellers initially but you know having said that PF pfx um you know that did pretty much a round trip it did it pretty quickly on heavy volume it's kind of remarkable when you think about it I saw a 400,000 share seller on this so I don't know this one this one ended up coming all the way back down so you know as we go through the rest of the afternoon of course for those of you that keep Trading you'll want to watch your high day Momo scanner and you'll want to watch the top Gainer scanner and you'll want to watch your high relative volume scanner and to see what has volume in the last five minutes what's what's leading in terms of relative volume and you may see some opportunities there may be something that becomes obvious in the afternoon the way NC was it ncna did yesterday and this one I actually had on watch this morning as well my only problem with trading it for continuation was that it wasn't gapping up it squeezed up a uh it squeezed up in the afternoon and closed up here around like 99 so it wasn't G it was actually gapping down slightly it looked interesting for continuation but there were other stocks that were more obvious and today was one of those ISS one of those days where we kind of had an issue of dispersed attention you know I mean I traded seven different stocks there were probably 30 different stocks that were relatively volatile and in play today and I could have traded more of them so usually I find that when attention is scattered like that I don't do as well as when there's just one really obvious no-brainer stock so sitting down with tgl being the leader but not being clean that was sort of disappointing ttnp I was like I don't know it's a merger Catalyst not sure about that premarket and then you know next thing you know and then tgl right tgl ttmp and then AUD pops up but I felt like it was kind of off theme being that it's not a biotech and I mean ultimately it is back to where it started so in terms of what's what gapped up and is holding its gains really nicely right now ttnp gapped 77% at 111% tgl was gapping 160 it's at 130 you know ALG but that's higher slightly higher float so I don't really see anything I don't see much that's really held up super well today so that's kind of a bummer now if we look at the S&P 500 um S&P 500 peaked uh well I guess we peaked this morning but really incredible move here over the last two weeks now we're pulling back a little bit little bit of a red day here all-time high is right there we're very close to alltime high so the overall Market is very strong relatively speaking uh but you know we'll see how how it continues to move through the rest of August but in total August is we're only up a little bit in August because we started the month of August by dropping and then rallying but the inam Monon uh volatility is really intense so you know I'm going to stick by the fact that look I'm up $133,000 this is a fantastic Green Day and the market right now is clearly pretty hot yes today was a little colder but in total I keep seeing nice green days 10,000 15,000 30 grand yesterday 24,000 last Monday so my p&l in the last 30 days sitting right here at over 300,000 last 90 days 450,000 so you know these last couple months um July and August no doubt have changed the trajectory of my month of my Year big time that's 330,000 350,000 including today approximately 340,000 whatever um in in two months so you know January was a little slow ju uh February was great and then March was the worst month so far and April May June were you know decent months at 45,000 47,000 35 but then all of a sudden July out of nowhere and it All Began really with cost and the meme stocks that's what started on July 3rd before the holiday and then after that we had zap and then we had sgx and it was like back to back big momentum stocks and now it just feels like the market is on fire and momentum Traders are just waiting for that stock to jump into so if I look at my year-to date right now accuracy year to dat 65% average winners 600 average losers 480 okay but if we look at just the last um let's see last month and and we'll actually go through like this is annoying so we'll go from here to here yeah that's fine apply so if we just look at the last month um accuracy a little higher 66% profit loss ratio pretty good five $577 $300 average losers those average losers being so small the biggest winner versus the biggest loser I mean that's what you really like to see so you know average daily gain right now close to $10,000 that's super solid so you know day of day in time I'm trading early I'm mostly done most days by 10 you know I mean I'm getting some trades in the afternoon periodically but mostly done by 10:00 a.m. doing the best at the beginning of the week being aggressive at the beginning of the week being a little more cautious as the week goes on trading stocks between 2 and 10 actually right now haven't had a lot of 10 to 20 this this month these last you know couple months based on instrument a biggest winner gnln second biggest winner bblg Biggest Loser um doing best on higher volume stocks doing best when the stock has five times relative volume doing best when the stock is up at least 10% doing best when the stock is gapping up so it's like all of this ties in with the process so what I said earlier um to members when I was teaching class is focus on the profits sorry sorry focus on the process the profits are a byproduct of your process a lot of Traders get fixated on trading the p&l and so I would encourage you just a little tip take a sticky note and just pop it right over your p&l so you can put it right on your right on your monitor wherever the p&l is you still want to know what your average cost is right you want to know where you're in the stock at you want how much you're up or down on a position but once you sell it let your closed p&l be hidden and don't look at it to the end of the day just focus on trading what's right in front of you because here's the thing a lot of us do we'll be up let's say as I was yesterday 21,000 and then I lose 2,000 on my first loss off the top and then 2,000 on the second so I go from up 21,000 up 177,000 and I'm sitting here thinking you know I was just up 21,000 and now I'm sitting up 177,000 and I can't help but feel like a little annoyed I'd really like to get back to this number right here and now I'm getting fixated on that number so now as I'm trading I'm being a little more aggressive try to get back to that number and then I hit a new high water mark of you know 27 and then I drop back down to 24 and now I'm trying to get back to 27 and So to avoid having this at all you just put that little little um sticky note whatever over your p&l and stop looking at it while you're trading and then as a reward when you're done Trading you look you look the p&l and you see how you did and a lot of times you will be impressed you be like wow that is awesome and now it's the context isn't like it's good but I was here it's just that was that's nice so I really encourage you just to test that out of course as always you should be practicing in a simulator before you put real money on the line but it it's it's a technique that can help bring the emotions down so right now the market Tau I'm going to continue being aggressive but I really have to stay very disciplined about cutting losses quickly and only trading stocks on the front side of the move that are obvious tomorrow morning I'll be following the same process as always and the byproduct hopefully will be another Green Day so hey if you haven't already tried out a two-e trial there's a link pinned at the top of the comments and Link in the description so you can check that out and I want to remind you as always my results aren't typical I've been doing this for a long time so please manage your risk take it slow and always practice in a simulator before you put real money on the line I'll see you bright and early I'll be streaming tomorrow morning for warrior Pro members okay see you then