Greenland Stocks Up 150% on White House News transcript

What's up everyone? All right, in today's episode, I'm going to break down the biggest movers in the market so far this morning. I'm going to walk you through the trades I've taken and my watch list for what I'm looking at as the day goes on. Let's go ahead and jump onto the screen share and start breaking it down. We'll begin with a look at the biggest gainers in the after hours session on Friday because those carried through here to Monday morning in the pre-market.

GRML and GLND. Both of these are Greenland companies. GLND, Greenland Energy. GRML, Greenland Mining. There was a catalyst on Friday, uh, a headline from the White House about Greenland. And this sent both of these stocks squeezing in the after hours session. So, I had them on my watch list that I uploaded on Sunday uh because of those moves in the after hours uh session on Friday. Now, between the two, GLND and GRML, I was a little bit more interested in GRML because the float is significantly lower.

It's 1if the size of GLND. GLND is a 25 million share float, which is not outrageous, but it is on the higher side of what I typically would do well on. It was up 150% as you could see. It's got 58 million shares of volume. So that means on the total float the the volume right now is a little more than 2x the float. So all of the shares essentially have turned over twice. But on GRML all of the shares have turned over 10 times.

Now at the end of the day both are up similarly 150%. Um, but I did find GRML to be the one that was a little bit easier to trade because as you can see here on GLND, although you had a big move in after hours pre-market, it pops up at 4:00 a.m. and that was the high and since then it's been more or less going sideways. Whereas GRML was a little bit slower in after hours on Friday. It popped up pre-market, then it sells off and then it rallies back up.

And right there was where we got some nice volatility from $450 up to $8 a share. Okay, so that was a really nice move. Now, right now the leading gainer in the entire market is GLNDW which are the warrants. Higher price stocks like Apple, Nvidia, they have options chains where you can buy an options contract to buy the stock at a future date by a future date at a particular price. But small cap stocks don't have options contracts.

However, they do sometime sometimes have warrants. Warrants are an option contract that give you the right to buy the stock at a later date. So, the GLNW warrants give you the right to buy the stock at $5 a share. So, right now, you'd be paying 76 cents a share for the right to buy it at $5 a share in the future. Now in reality [clears throat] most people aren't going to actually exercise that contract. So what ends up happening similarly to options is that if the stock is highly volatile then the value of the warrants increase.

If the stock suddenly goes up to $10 a share then the warrant to buy it at $5 is worth at least $5 a share right now plus a little bit of premium. And so that's why these are moving. But generally speaking, I don't trade warrants because I don't find them to be liquid enough to really be easy enough to get in and out of. They're a derivative. So, it makes sense to just trade the underlying asset that's actually moving, the outright stock typically than to trade the derivative unless you couldn't afford it.

But GLND is not that expensive. It's only $2.83. So it's easily affordable unlike trading uh Tesla but choosing the options which have a huge uh spread between the prices options being much cheaper in this case they're not that far apart realistically. Okay so that's our leading gainer GLND warrants GLND and GRML leading gainers of regular stock and then we have VE this is the stock that put out a merger catalyst back in August and this thing exploded.

It made an incredible move from $4 a share all the way up to 48 bucks in 2 days. It pulls back. It pushes up to 56. Then it rolls over pretty hard. Bounces a little bit there, a little bit there, and goes lower. Well, today it started bouncing again. And I had expressed in my watch list that I was a little cautious on it. I wasn't sure it was going to really work. It was on the after hours top gainer scanner from Friday.

And so pre-market it sells off and then suddenly here, not really for any particular reason, it squeezes from 1050 up to 14. We come back to the double top and it pushes through up to 15. Then it dips down, drops all the way back down, as you can see here to about 12, then bounces up to over 15, then back to under 14, then back to 15, and now right now it's halted up at $16.32. Wow. What was interesting to me on this one is that some of the breakouts, including this one right here, occurred when the MACD was negative, which is an interesting divergence.

Typically, my best trades are when the MACD is positive. And when the MACD is negative, I'm on caution, on alert to not take the trade because of the risk of a false breakout. But in spite of that, this thing pushed higher. So, that's interesting. I'm sure there's traders that are focusing on it. In fact, right now in the small cap chat room at Warrior Trading, we've got John, one of the moderators who's streaming. He's our first moderator, our first member at Warrior Trading to earn his million-doll badge.

This was a number of years ago, and he now streams when I go offline. So, I trade premarket from about 7:00 a.m. to 9:30. And then John takes over and runs the broadcast through the rest of the day, going on and off. He doesn't run all the way to 4 p.m., but he goes on for a bit and then goes off and then comes back on as things are moving. So, no doubt he's probably walking people through this price action on VE E. All right.

So, in any case, leaving money on the table by not trading it, I suppose, but that's fine. Every day, you're doing one of two things. You're either giving back profit or leaving some money on the table. And I'd rather leave a little money on the table knowing that I walked away with profit today to the tune of $10,000. $10,391.36. That's a solid day. So, that's where I'm finishing here. And all of my trades were on GRML.

So, let's pull GRML back up. All right. We're going to now get into breaking down my trades from the morning. So, GRML this morning, um, we had this, of course, big move after hours, continuing into 4:00 a.m., sells off, and then right at 7:00 a.m. it starts to rally up right here. So, as it was rallying up at 7:00 a.m., my gut feeling was that I wasn't really sure how well it was going to work. We had this big candle from pre-market, you know, that was up with a high of something like 650, something like that.

And so, I I just wasn't totally sure. And it started to rally up to five, then to 520, 530, 540. I saw a seller at just under 550. And I thought, nah, that's kind of a big seller. I'm not sure if that's going to work. probably gonna leave it alone. Um, however, sure enough, it ends up breaking through that seller. As it broke through that level, at that point, I was like, "Okay, we've got something here we can work with.

I'm going to go ahead and jump in this." So, I ended up jumping in as it broke over 550, and we got this squeeze up to 575,580. So, that was my first trade there. It was a very quick entry and exit with 10,000 shares, and I locked up $982 of profit. So, 9.8 8 on 10,000 shares. It's not a home run, but it's a base hit. Puts me in the green. Then this pulls back again. Comes back up. Comes back up. Squeezes up right here and we break through 580.

And I got back in right there for the squeeze up to six. We got a move up to 618. Then we pull back again. And notice right here how we get this false breakout. So we get this pop, the pullback, the pop up, and then the flush. We dip down and then we squeeze back up right here. I didn't take that trade. We push up to a high of um 640. We pull back. We come up to 656. We have a false breakout. We drop. And as we rally up right here, I jump in right there at 655.

And we get this squeeze up to 7. I did that because we were retesting this previous uh false breakout. So, I jumped in there, got about 50 cents a share, and made $5,000 on that trade. Then it pulls to at that point I'm up 6,000. Then it pulls back right here and it comes back up right here. And I added back for the squeeze up to eight and we got the squeeze to eight all the way up to 820. And on that one I made another about $5,000.

And that puts me where I'm at right now which is at $10,391.36. And that's it. I didn't overtrade. I didn't overstay my welcome. That was my last trade right through there. I didn't get back in in this whole area. It's pulled back. It's popped back up. It may go higher, but I'm happy with where I sit today. This is two times the cold market daily goal, which is 5,000 a day. Hot market daily goal is 10,000. So, I'm a little bit shy of that, but it's still a solid day.

Now, VE resumed from the halt and is pushing a little bit higher, which is great to see. You know, from $14 to $18 a share. You can't complain. You love seeing moves like that. The only thing I would say about it is that if you look at the level two, and this is something I initially was feeling, is that you've got bigger spreads. As you can see, it just tapped the halt level and then it dipped down. So, you're you're trading with bigger spreads and it's somewhat lighter volume, which means if I thought I could buy, you know, 100,000 shares of this and make 400 grand, I mean, that would have been an amazing trade, but I don't think I would have been able to fill very many shares without getting quite a lot of slippage because of the higher price, the bigger spreads, and just the lighter volume. the bigger spreads are the result of lighter volume and a lower float which is not there that's that's okay to a certain extent but once you start to get to this point it becomes quite risky and so uh you know again hindsight's 2020 I could have would have should have punched it and crushed it but there's been many times where I jumped in something like this that was more thinly traded and I get in with too much size and maybe it's easy to buy because there's a hidden seller there's a seller up here selling 50,000 shares.

So, you can get filled on the buy side, but when you turn around to sell, there's not a 50,000 share buyer and all of a sudden the thing flushes and now you're getting smoked and it drops $2 a share. And that's the reality of what can happen with this type of stock. It goes up $5 a share, can come back down $5 a share easily. And so, you've got to manage your risk on these. And sometimes that means sitting on the sidelines and watching it run without you.

And although that's painful, the pain of sitting with FOMO is not as bad as the pain of giving into FOMO and experiencing what could have been an avoidable loss. So with that, I want to remind you guys that we've got twoe trial at Warrior Trading right now. John is streaming. The chat room's open. You guys can come in. You can see what's moving in the market. You can use these scanners right here for your charting, your scanning, the breaking news feed.

All that's included during your twoe trial. two weeks for 20 bucks. You're going to get a lot out of it. So, check it out. The link is pinned at the top of the comments. You can go to warriortrading.com/getting uh getstarted. So, you'll see the link pinned at the top of the comments. You can go over there, start your twoe trial, and I will be streaming tomorrow morning at 7 a.m. So, come on over, check it out. But I'll remind you as always that trading is risky.

My results aren't typical, and there's no guarantee you'll find success whether you trade on your own or you learn from me. So, please manage your risk and always practice in a simulator before putting real money on the line. With that, I'll see you guys tomorrow morning.