Trading the MOST Obvious Stock Today transcript

what's up you guys all right well here we are day two of trading on my traveling trading station which as you know I had to buy a new laptop when I got here because I left my charger at home and the charger for my laptop is so specific I couldn't find a replacement anywhere but I have paid off the new computer times 20 just yesterday and today because the market has been so hot or Friday and today so I got it this morning morning I'm looking out on The View the sun is rising right over here I pull up my scanners and I see that we have four stocks up over 100% And the leading Gaper this morning was up over 300% so I was like all right this is great the market is still hot I got to sit down I got to take some trades but you know what's frustrating today is that I actually went into the red on my first three trades and I felt like I kind of fumbled one of the trades really badly it could have should have would have been a like $ $15,000 winner but I stopped out and then it rips so that gave me a little dose of fomo and frustration to start the day but that ended up being all right because what ended up happening was I it kind of put me in a Zone where I was a little bit more aggressive and then as we had a couple other stocks that popped up I trained them really well so it's a little windy out there so I'm going to come back inside back to my traveling trading station right here and I'm going to jump on the screen share and I'm going to break down for you the trades I took today and um this you know solid green day that's continuing this trend of hot market so let's jump on the screen share break it down all right so let's start breaking it down here uh finishing the day $1,867 54 I um I had a flat top today in my uh Equity curve I hit 12,000 three times times uh the first time was early probably around like 7:30 or 8 and then dropped back down to up um about 8,000 so gave back like five grand off the top and then came back up to 12 and then Dro back down to nine and then came back up to 12 and then dropped down to 10 so I was not able to break through resistance at um 12,000 today but that's okay uh nonetheless it's still a solid Green Day no complaints here and why don't we start breaking down the first trade so I broke the ice this morning on CC SII at about 7 am. and uh I'm I'm read on CC let's see where is it on the p&l um $64 okay that's not too bad U I traded about 14 stocks as you can see here so traded everything that was moving uh in fact I would have done better if I had traded only sprc but when I took my first trade on sprc I didn't know that it was going to go up that much just like when I took my first trades on meds or I took my first trades on some of these that are red I didn't know what they were going to do so I kind of had to um you know take trades on 14 stocks in order to figure out which ones were the ones that were going to open up and give me the opportunity to keep adding and get aggressive on which in this case today was sprc but it could have been any of the others um okay so first trade of the day CC at um 6:57 a.m. so CC starts to curl up by the way this is one of the ones I looked at on my scans at like 5:30 this morning and it was up a lot the move actually started after hours on Friday continued into this morning squeezed up big time at 4:00 a.m. drops down pops up again at 6 and at 7: a.m. it started curling right here and so you know I jumped in here um adding at 385 it goes up to a high of 410 but I kept adding 7,000 share position started with 85 added at 90 99 and 401 so my average was like 88 had that squeezed to 415 425 would I have sold I probably would have kept adding and then I'd be in with 10,000 shares and then maybe 12,000 shares and next thing you know it's up at 450 I'm taking some profit off the table and I'm up six grand or something like that uh but it ended up flushing and so that first trade stopped me out for a loss um but a small loss I'm only read $64 on it so it's not a big deal but you know first first trade of the day in the red okay uh well second trade was meds so meds uh was the sort of second leading gapper that I was watching right about 7 am. and this one this is my I guess biggest regret today um I'll look at the it on the 10-second chart because it'll make me feel better about why I stopped out when you look at it on the one minute you're just going to think I'm a I'm a total idiot but um and while sometimes I am I uh I did have good reason for selling this and and it was the right move so sorry I'm just having a hard time let me just click Auto all right that'll be better okay so 705 okay so so here we go okay so this was um so I added um right around here at 13 I added 4,500 shares pretty big position it drops down here on this candle to 1250 and I'm down 2,000 bucks now I like the stock still I I'm I'm like all right I'm going to add at 1260 and I'm going to set my stop at the low of this pullback okay so that's averaging down not great but when I do it I add and then set my stop at the low so new stop is 1250 it bounces up and goes up to 13 uh 1348 I add at 1350 I'm like okay here we go and then on this candle it flushes to 13 and I got scared first of all I just took a roller coaster ride on this I was down two grand then I was up but I added so now my average you know even though I added down here at like 1260 then I add at 1350 my average is still 13 but now I'm in with a big position so it comes down to 13 I'm like you know what shoot I better just cut it break even I stop out break even and it rips to, 1550 and I was just like oh my my God I got back in it um with small size right here uh and then I got back ended up here and I ended up losing on this trade and I'm down like 1,200 on the stock and I was like gosh darn it this is ridiculous so at that point I was down a th000 on the day or 1100 on the day um it then comes back up here and I took this trade for the break through this resistance area it's a 1 minute ABCD pattern and I made uh 30 3400 on that or 4,400 because I I went from Red on it to Green so that was a good trade anyways um it goes a little higher but sort of stalled out and and that was that okay so started the day with a little bit of a roller coaster on meds uh went red and then you know back to green anyway so not ideal uh but I'm on the leaderboard so all right that's good then uh I took a trade on lunar LR this one popped up to $9 uh premarket right here and I took a trade on it right on this candle in the green stopped out on the red for a $400 loss pretty much instant rejection uh it came back up later and I did traded as it was grinding back up so I'm only down actually no I'm up $21 on it but um nonetheless it just I I wasn't this was like a grinder it was thickly traded it was not easy so whatever went a little higher but didn't make good money on it cmmb uh okay so cmmb I end up getting a trade on this one ends up totally rejecting as you can see but I jumped in it as it was squeezing up at 95 cents it hit a high of 108 uh and I added to it thinking this was going to go to like 125 150 like this is could be a big one comes back down stop outbreak even $11 okay so another break even break even stock um and then we had sprc all right so sprc comes up um you might hear some uh commentary from the peanut gallery upstairs um anyways so uh sprc goes from $4 up to this is crazy and $10.50 a share this was a wild move so although I didn't trade it as well as I probably could have um I locked up some solid profit on it 11,000 this was the best one of the day and I just you know you never know which one's going to make the move and this one just started a little choppy pops up drops down and it starts to pull away more and more and more and more so it ends up going to a high thank you ends up going to a high of about a see 886 pulls back got a little ABCD pattern here but the bulk of my profit was just um trading in this first leg jumping in at half dollars and whole dollars and selling as it would break through that level and I was just getting like 30 4050 Cent pops each time to 6,000 shares 8,000 shares got a couple nice trades on it took my biggest positions as it got a little higher um which you have to be a little careful about because sometimes you end up taking B biggest position at high a day and then catch a big rejection but um anyways I I I managed to come away in good shape on this but unfortunately it's pulled back quite a bit so there were no additional trades going into the open after that first move um you know and then a lot of the others today were stocks that hit the scans and were moving up and I got into the half dollar or a whole dollar to see if it would continue higher and it either got a small profit or a small loss on it CM andd was my um biggest loser and this is a low lower price stock very annoying stopped out twice in a row on it both times at $2 um I got in right here for the break of two goes up to 215 drops all the way down to 185 I lose, 1500 I get back in here as it breaks over 210 it hits 224 and then drops again to 193 and I was like yep okay that's it I'm done with that one don't need to trade that again uh prso similar story and you know some of these are lower priced which is not what I usually like but I was sort of just trying to trade what was moving the thing is in this hot Market it is a little bit of jumping on and then seeing if it pulls away or just getting out and keeping the loss tight because when some of them start to move fast if you're not in early it feels like you're kind of missing the whole move or it's too extended to chase it so I am jumping in pretty quickly on some of these but uh also taking quick losses and cutting it quickly if it doesn't keep going mnpr right so this was the one that is sort of that's it's annoying because I ended up um having a good read on it but losing on it got in uh right here for the break of a do8 do10 it goes up to to a15 made like 600 on that trade 15,000 shares pulls back got back in uh for the break here it squeezes higher I got out uh with profit and then um I got in right here to $150 thinking we were going to squeeze with 20,000 shares I was like okay I'm going to step up and it flushes and I lost 2,000 then it comes back up but I got back in only with small size and sold into the halt which was the right move because it opened lower and halted down but I wasn't able to recoup everything I lost on it so red 900 on that one but nonetheless it's a Green Day can't really complain too much I have today's a green day um commentary from the panut gallery so I'm readed on one two three four five six stocks and I'm green on one two three four five six s eight stocks which means I'm walking away today with a little bit more money than I started the morning which means I got paid for some morning of work uh which is good so more money I made more than I lost I had some losers but I had some winners and the winners were bigger than the losers so in trading I made more today than I lost which is good so I had a bunch of Trades that I took and and in total this so this is the one thing today is that my commissions are going to be high because I traded 14 different stocks and I don't even know how many ticket let's see so I can look up um let's see so tickets um where is it trade count okay so trade count so I traded um I took 47 individual tickets which would be like buying three times selling three times Etc um that's so that would cost $47 it's a dollar a ticket um with my commission structure so that's $1 per trade that's not that bad but it's the ecn fees so I figure on a day like today realistically I'm probably looking at $1,500 in ecn fees maybe not quite that much maybe 12,200 it could be substantial and that's you know that's what I that's the cost of direct access routing I'm going to get really quick executions but I'm going to pay the price especially when I'm trading 20,000 share positions on low price stocks the higher price stocks like meds or dtss or lunar um or even sprc commissions are they don't they're pretty negligable I mean they well 10% of my profit let's just say roughly but it's going to be on a cheap stock where I take 20,000 shares I make 4 cents I'm up 400 bucks but 20,000 shares times 0.004 right all of a sudden now it's like $160 round trip so you do that five times and you're at a th000 plus in commissions it adds up that's that's the downside so you got to be really careful with penny stocks so you know anyways um but nonetheless um although last year my fees and commissions were a little higher maybe around 15% of my total profit um in other years it's been less it just kind of depends on the price range of stocks that I'm trading the most and if I'm trading lower pric stocks the fees will be higher so it's just the cost of doing business in my opinion yes I could use thinker swim and I have before uh I know a lot of members at do use thinker swim and they like it a lot you get used to what you're used to I'm used to light speed it's been the broker I've been using since 2017 so um you know it's it's you stick with what you're what you know even if maybe you should switch and and I've thought about it but you know I I have a light speed or a thinker swim account I traded in a little bit last year and I was just like H I don't know there were just times where I didn't like the fills or I just felt like it was a little slower and so I don't know but anyways um for now sticking with light speed and always happy to lock up a green day so right now we're in a market that is just super hot super strong this is great to see I hope it continues of course um and naturally hot streaks you know come to an end at a certain point but if we look at my um you know Equity curve right here we are pulling away pretty quickly [Music] so uh pulling away means moving up so although this is the smallest Green Day of the last four it's still a solid a super solid day so you know it's going to push my profits extended by another 10,000 and we'll see uh we'll see what this week has in store for us I think the fact that we had some rejections should make us a little cautious but uh you know at the same time with a stock like sprc going totally insane um we you know I'm going to be looking for the next one tomorrow and I'm just going to try not to get married to it you know trade aggressively and then once it starts to slow down I'll scale back and call it a day so that's uh the game plan for tomorrow locking up another Green Day today and I hope you guys were able to manage your risk remind you as always that my results are not typical trading is risky and even in a hot market like this it wouldn't have been hard to be read just because we had such big moves and we had some round trips we had some rejections so you know if you're new just take it slow practice and stimulator and ask yourself where is support can I get an entry off support if you can get an entry off support that's going to be a good way to manage your risk more aggressive Traders like myself we're going to be trading breakouts and and that's going to work really well but but you've got to it takes time to get to that level so all right that's it for me and I'll be back at it first thing tomorrow morning okay see you in the morning