$SGMT +$10k transcript

all right so right now I have my biggest Green Day of 2024 in the books locking it up and my biggest single winning trade of 2024 my biggest single winning trade right now A little over $7,000 in one trade that's not bad now it's certainly not my biggest trade ever not by a long Shop but you know what in a cold Market you got to take your wins when you get them and this is definitely a win so I'm going to lock it up and be grateful I finishing the day up over $10,000 and you know what that's a pretty big swing that makes a big difference on the month and you know what's funny is just this morning someone said Ross it's it's been it's cold when was the last time you remember being really hot and I was like well I guess kind of like early December and he's like you know well what are we going to do if this is the way it's going to be for a while and I said this is this is how it was for many years I remember trading like this in 2013 2014 2015 where it was kind of slow you know you you'd have an occasional win and I said the the key to success right now is going to be patience waiting for those good opport unities to present and then being aggressive when they happen and I said really it it's going to be that one or two days is going to make your month and the thing that's really tough about that is that the luck of the draw you're going to have a dentist appointment the morning that we have a huge move like we had today on sgmt or you know you're going to whatever lose power like something's going to happen and you're going to miss it and you have to be okay with that but it is really frustrating so there's this feeling for me that I have to show up every single day because I don't know which day is going to be the day I had absolutely no reason to think today was going to be my best day of the year zero reason whatsoever based on last week let's refer back to the scorecard of last week Thursday was at zero on a scale of 0 to 10 Friday was a zero on a scale of 0 to 10 Wednesday the Gap scan was terrible and I believe Wednesday was the day I finished down 6,000 bucks so you know what today at the end of the day in the last 5 days I'm up let's see well I was down 2500 last week so I'm up 7500 in the last 5 days if we go back to last Monday today does recoup the loss from last uh Wednesday but you know what life is good I'm in the green back to the all-time highs in my account and ready to look for the next trade so let's get on the charts and start to break down um these trades I took today okay so sgmt currently right now is sitting up 148 150% on on the day it went higher it went all the way up to a high of $271 which is impressive so at its very Peak let's see what was the high percentage wise at its very Peak right up here it went up [Music] to uh 203% change from the close 203% change that's awesome and it's a 500 72 times relative volume uh stock today so high relative volume on that one all right so I started the day this morning um I looked at the scans on my phone as I often do I talk about this all the time so I'm checking the scans on my phone and the thing that I noticed this morning I'll just refresh it so you can see so the thing I noticed this morning when I pulled up the scans um I pulled them up kind of early and rs let's see when I first pulled them up they looked kind of like this maybe it's hard to see but the biggest gapper was like 20% and I was just like man this is pathetic that was at maybe 6:45 a.m. so I was like I'm not rushing over to sit down in my chair and you know I'm just not doing it all right so 7:15 comes I check again no change nothing so I end up getting over here at about 745 maybe 7 740 all right so I get over here about 7:45 and I see that our leading gappers rvsn and it's up 100% And I'm like what just happened in the last 15 minutes and what happened was this thing came out with news and it squeezed from like a136 all the way up to $328 wow and you know what I missed the whole move I've got no trades on it so that just goes to show you that you know I got to I mean it's it's hard it's hard to be motivated to come and sit down when it's been slow and you know I had a no trade day on Friday and I'm just like what's the point I'm tired it's Monday morning uh but anyways uh yeah I wasn't sitting down here at 7:30 and so I missed the breaking news headline that came out at 7:30 and I ended up missing this trade ends up going all the way up to $3 so when I sit down it was right about here so what time was this um yeah 7:40 and someone was like are you going to trade this and I was like nope I'm not going to trade this and they're like why not I was like I missed it I already missed the move let's let's be real this was the move when a stock goes up that much that fast a lot of times it's it's a over now I said the place i' would be interested in trading this is if it can get back above 328 if it get back above the pre-market highs game time I'm interested but in this area I'm not going to trade it and I saw a bunch of people who are like I'm in and I'm out I'm in I'm out I just got stopped out well you know you're trading a stock that's just in this period of consolidation right here this ultimately is consolidation now one thing that I'll show you someone was asking me about my 10-second chart so I do have the 10 second charts uh this was important um I felt it was important to build them into the platform uh that we have built here the day trade Das software uh I but but in reality I'm not really using these charts that much because this let's just be real for a second okay so this thing goes from a136 up to a high of $2 so how would I have how would it have come to my attention I would have seen it on the scanners seen it on the top Gainer High day Momo scanner and as soon as I see it I type in the chart and then the next thing I do immediately is I pull up the level two so I type in the level two and I'm looking at this so this is where my two eyes are and I actually I'm like a have one eye on the bid and one eye on the offer I I look like I look straight but they're kind of like slightly like a skew so I'm just kidding I I'm looking I I mostly look at the offer um so I'm looking at this and I see it hit 220 and I'm like okay and I see it drop down not looking at the chart just looking at the price here I see it drop down to $2 or one what was the low here like 196 and then I see some green on the tape and so then I probably punch it at like 110 thinking if it breaks 110 it's going to go back up to the high and I'm in at like 115 and then it goes all the way up here to to three or 25 it goes all the way up to three and then when I'm doing my recap later someone's like Ross you know I don't really get it um you let's see if I can get this to reset what time um is that a one minute yeah that's a one minute um so someone while I'm watching the recap or while I'm doing the recap someone will say in the comments Ross I don't understand why you bought right here you just bought in the middle of a big green push you you that's not a trade I don't get it you know and so for those people I started using the 10-second chart I it's specifically as a teaching tool to show well well look this was the pullback that I was visual Iz in and I wasn't looking at on the chart but I saw it on the level too all right so that's so on rvsn I just wanted to point that out because this did have a really nice example of that um that 10-second pullback right here on the level two all right so um anyways it's kind of getting this lined up here okay so so that was right there on rvsn but I didn't trade it now I did take a trade in the small account today which I'm not going to recap um because I'll I'll do include that in my small account challenge recap but I took a trade in small account and I was red and I was like gosh darn it so then um sgmt comes up and I was thinking about trading in the small account but no leverage I had no leverage in the small account on sgmt SO trading in a small account was not an option unfortunately um I you know I was hoping to get a trade on it but it just um I just couldn't I could only buy like 200 shares so I was like no not going to trade this all right so then I look at sgmt for the big account and I noticed that sgmt was easy to borrow oh we got the level two here so let's see sgmt I noticed it was easy to borrow now typically easy to borrow stocks early in the move can be a little bit more of like a grind because um shorts are that's easy to short against the um you know against the stock and longs tend to be a little bit more cautious so initially it opened it goes to 970 and then it whips all the way down to like 6 bucks which is really terrible that's so unattractive comes back up here and then it drops down so there are a couple people who were like hey I'm watching this you know over the high here which was what 870 and they were getting in around eight and I was like you know I don't really see it red candle here red candle here plus it's easy to borrow I don't know you know I'm not sure about that so but you know and ends up making this move so and I did end up trading it so let's look at the trades okay so on the 10-second chart this is the way it happened um actually I'm going to use the I'm going to use the one minute chart for this so it's easier to see on the one minute okay so on the one minute chart it squeezes up here I'll just make this a little bit bigger so I watched it right in here it goes up to like 850 a little bit of a topping tail there as you can see and then it pulls back and then another topping tail right there and then it pulls back and then it kind of punches a little higher and right here it goes up to a high of 915 pulls back then it goes up to about 10 and I was like this is going to be a reversal up here I'm like pretty much sure of it and there was a I want to say a 25,000 share buyer on the bid at 960 and it punches up to about 990 just for a moment let's see where was this um man even the 10-second chart it's going to be hard to visualize what was what happened here so so so maybe I'll have to sort of draw this for you what happened so I'm going to do I'm going to zoom in on this um right here okay so it the candle comes up to 990 and then it dips down to 960 and there was a big buyer on the bid and I and and I was like okay this is probably going to be the reversal right here off the top the big buyer is 20,000 it goes 19 18 17 16 15 14 and then it breaks and it flushes down here and it goes to a low of 948 and I was like yep I think this is I think this is over and then surprisingly and shockingly it looked like it was going to be a reversal it looked and if we look at the one minute chart on this um right in this spot right here yeah this was a one minute sry at that moment it looked for sure like pullback candle and then a red jack knife like it was like a top and then reverse back down so it looked for sure like this was this was done and then all of a sudden it punches through 10 and I was like whoa okay we're over $10 so then I was watching the bids at $10 and there were some nice bids at 10 and that's when I said you know what I'm going to get in this thing manage my risk around $10 stop is about $10 a share so I got in as it started to pull away and I don't remember exactly where I got filled let me look um so my first trade on this so I got filled a little high I got filled at 1041 that was my first position uh 1041 as it was pulling away here I added with a stop at 10 and I bought 1500 shares and then it goes over 10 1065 and 1075 and I was like I'm going to add at 1065 I'm going to add 1075 I'm going to add 1085 and I'm going to add at 11 so basically I kept adding as it was moving higher and I moved my stop up to 1050 so now I had a profit stop uh just about so it ends up squeezing up here to a high of 1171 which was phenomenal over over a dollar a share it pulls back it pulls back it pulls back and then I add for the break of 1170 and look at this we get this squeeze here right up to a high of 1320 I took my profit off the table right there and this right in here was my biggest trade of the whole year right in there now we had some really nice volume on this too high volume on the green candles that's the volume profile we like to see so everything was solid about that then it pulls back here kind of does like a little false breakout up here can't remember if I traded that that one um ends up grinding a little bit higher here and we sort of were right under 14 right we finally break through 14 and I did the same thing it hits a high here 1420 and then it drops down here to a low 1372 and when it came back up I was like I'm getting in this at 14 uh5 $145 and boom it pulls away here up to 15 and that put me up about what what am I up 12,000 now that probably put me up about 13,000 on the day then I gave back some profit on this candle I gave back some profit on this candle and I gave back some profit on this candle so I had like three or four trades right in here that I lost on and so I went from up 13,500 to up 12,6 right now all right so then it pulls that pulls back kind of here high volume selling at the open and I was like all right I'm going to switch my focus now right now I still only have one chart up at a time so this is my even though I'm could now connect two monitors because I'm doing the small account challenge so I'm even though I'm trading my big account today and quite actively I'm still using the same setup as my small account challenge which is old laptop and one monitor but I just unlocked the second monitor from getting 10,000 thumbs up I just haven't connected it so I switched my broken monitor out for the new one and I'm still just on a one extra monitor setup so anyways all that is to say that I switched my focus I was like ah this is pulling back here I think it's a little too extended so I switched my focus to bfrg and I stopped looking at sgmt entirely bfrg was halted I did a dip right here it pops up to like 55 and then dumps here and I stopped out with a $1300 loss I was like God dang it you know son of a gun all right so at that point I said you know what I've got $10,000 $10,800 I want to walk away while I'm still up over 10 grand so essentially what I did today was I used a profit stop which is a way of um you know if I kind of move this out of the way so I first well I guess I went red in the small account but my first trade got myself up about 7,000 in the big account so this is 7,000 and at that point I wasn't really thinking about profit stop I was just like whoa the Market's really hot got myself up to about 10,000 and then got myself up to 12,000 and kind of around the 10 12,000 Mark I had a little bit of churn and then I got myself up to about 13,800 then I had one loss second loss third loss fourth loss and then that loss on bfrg and it brought me back to you know 10,000 on the day this isn't really probably to scale but forgive me for that and this is where I say you know what I'm just going to draw the this is my stop right so initially I probably was thinking I'd like to make sure I walk away with at least five grand of profit I don't want to give back more than half of the 7,000 probably not even more than 2,000 of it and then once I'm up 10,000 it's kind of like all right I want to make sure I'm walking away with at least 7500 and then once I'm up 13 12 13,000 it's like I'd like to walk away with at least 10,000 so unfortunately today I kind of gave back profit to this point where it's a profit stop and I'm kind of getting stopped out and have to walk away one of the challenges for me is that uh so that happened before sgmt uh ripped into the halt back up so sgmt goes into the halt back up right here here and I I had already just taken my I had just taken my Max loss and I pulled it up and I was like oh it's halted well I don't know right so it resumes higher could I have chased it yes but I didn't have the risk tolerance to do that so I didn't trade any of this move up here or this fade obviously back down I do have a little bit of fomo using a profit stop because I'm like well today is the best day I've had of the entire year if there was for a day this year so far to dig deep trade hard and lean in wouldn't today be that day and the answer is yes but I already kind of did that right and then I had five losses in a row granted they were small but I had four small losses on you know sgmt and then that loss on BFG so you know at a certain point I also have to say when do I walk away with the profit that I have yes I want to squeeze as much as I can out of a hot day but days don't stay hot starting at you know 4 in the morning and go all the way till 8:00 P.M at a certain point you know things kind of cool down so it's early it's only 10:20 I feel like it's too early to be calling it a day but at the same time I also don't feel like I you know if I was going to tell if I was going to say Ross you can take a couple more trades I'd be like well you can't risk more than like 500 bucks on the next trade you know and and if I risk 500 how much my my profit Target would be a th000 so you know that could put me up back to 11,800 you know I don't know I mean I I wouldn't be able to I don't feel like I'd be able to do make a lot of profit with such a small amount of risk maybe and I could also take an unexpected loss and just get emotional and press the buy button too many times and then next thing you know I'm down 2,000 I'm up only8 Grand on the day or I take a $5,000 loss I'm up only five grand on the day and now I'm still red versus my day last Wednesday so you know the the thing is today recoups all of last Wednesday's loss and then some you know but should I continue should I stay or should I go should I stay or should I go that's that's just always the question with trading and it's a hard one even for someone like myself who's been trading for a long long time because as I said one of my goals this year was when it's hot I want to lean in push hard and try to make as much as I can and when it's cold I just want to walk away as early as possible so today's a hot day well I mean sort of I guess so we had a nice move on sgmt dwac also put in a nice move earlier but I didn't want to trade that because this was literally the one that I lost six $5,000 on last Wednesday so I was like I'm not going to touch this thing again it's can't risk it uh you know Spirit Airlines save um you know that was moving last week but I didn't want to trade it because of headline risk uh there was a partnership with Rumble and bar stool Sports you know little bit of a meme headline didn't really want to get into that so I don't know I you can see how I'm kind of oscillating between should I stay longer and keep watching knowing I really only have about $800 of risk left or do I walk away it's currently 10:21 I took my last trade at 941 that was when I got stopped out on bfrg so I haven't taken a trade in you know 40 40 minutes 45 minutes coming up on an hour maybe maybe what I'll do is I'll sit and watch until 11: and if there's been nothing that's looking good then I'll call it a day you know it's possible we get some afternoon moves um BFG is kind of annoying uh bfrg sorry bfrg is kind of annoying because I got stopped out of it and then it bounced off of about $6 and well now you can see it's back up at 670 but it did that twice first it bounced off six here and goes up to about seven and then look at this whipsaw chop chop chop chop that's jack knife it's terrible uh then it slowly rallying back up so here's the thing though bfrg you know I just probably should have just left it alone the volume is light compared to the previous days it's sort of continuation these ones are not easy usually day one is always cleaner so we got day one on sgmt are we going to get day one on anything else probably not at this point in the day unless something has breaking news that comes out in the middle of the session which is possible but can't really count on that so anyways I think I'll take the $10,000 off the table even if I sit here for the next hour I think it's very unlikely that any anything pops up I just don't think it's going to happen so I think we had a nice little flurry of momentum this morning which is great hey it's better that than nothing um made some money on it didn't do as well as maybe I could have would have should have today but $10,000 is really nothing to complain about so that's my day here and um I'll be back at it first thing tomorrow morning thank you guys by the way who have um subscribed to the channel for sure thank you who have hit the thumbs up on all these episodes espe for the small account series I'm really excited that I'm opening up um this new monitor here this is going to really be nice for me and I think we're only like 500 thumbs up or sorry 500 new subscribers away from me resetting my small account back to a th000 bucks so I wasn't expecting that I'd be resetting this soon but um I said once we get 10,000 new subscribers to the channel I would reset the account back to 1,000 bucks so you could guys could watch me grow it live from a th000 you know just kind of do it again keep it interesting keep it exciting uh but I would get to keep the inventory that you help me unlock so now I've gone from One external monitor to two one is still broken but halfway good all right so thanks as always for tuning in I'll remind you that trading is risky my results aren't typical and there's no guarantee you'll find success whe you trade with me or you'll learn on your own so manage your risk take it slow and I'll see you back here first thing tomorrow morning I'll be live streaming for members at Warrior trading bright and early all right see you then