Ultimate Guide to Trading a Short Squeeze for Beginner Traders transcript

all right we're gonna get started here in just one second um just want to make sure because we're gonna do this as a live broadcast i just hope that audio sounds good and um you guys can hear me okay i have let folks know that we're going to be doing this class so uh hopefully everyone is uh tuned in who is at least going to be tuned in for uh live streaming well this is going to be uh an excerpt from the warrior pro classes so uh of course that's going to be very familiar to those of you who are students but i'm going to just pop that right up there so this is an excerpt from chapter 8 and it's uh stock type daily setup uh eight part one intraday parabolic momentum what is parabolic momentum you can see it uh right behind here this is avis budget uh car rental stock goes from 180 to 315 dollars it's currently halted going up this is wild this is crazy stuff this is the type of stuff that um of course as an active trader we really like so i'm gonna get into um this uh section in just a moment before i do i want to remind folks that uh again this is an excerpt from the warrior pro classes so uh those who are gonna uh tune in and watch this on youtube thank you for hitting the thumbs up i hope you really enjoy it if you do and you want to learn more about my strategy you want to learn more about the classes warriortrading.com is the place to be all right so i can enter this strategy warriortrain.com strategy this page outlines my strategy it outlines the class that i teach i'm going to hide that right now because it's probably not going on by the time you guys are watching this we've got the starter we've got the pro and if you want to register to a class and check that out we'd love to have you do that so uh and i'm going to go back here to the dashboard so from the dashboard as a student or as a instructor in my case i can go ahead and log in here and i'm going to pull up the scanners of course car is not the typical stock that i would be trading probably for the obvious reason that it's super expensive however in this chapter we're going to be talking about parabolic momentum and how you can apply it to stocks of all different price ranges and if you noticed i'm up a little over 80 000 today this may be as good a time as any to say and remind you that my results are not typical trading is risky most beginner traders lose money and so you shouldn't attempt to blindly follow me or anyone else for that matter and you should assume as a beginner that you will lose and with that assumption in mind trading a simulator before you put real money on the line number one and number two don't trade with money you can't afford to lose so with that said look at that volatility there hurt uh sorry carr avis all the way to 340 dollars a share and then back down in within 10 seconds to 300 a 40 dollar swing so it's getting a little top heavy i think it's fair to say now uh my also wanted to share with you let's see i'm going to move this up here for a second so i've got um something kind of exciting to show you guys let's see let me look out here so you may have noticed uh of course over the last few uh trading uh live trading morning shows that i've done some uh surveys so i've been doing some surveys to try to get some feedback from you guys because i've recognized over wow gosh over the last uh two years the market has changed quite a lot when it comes to trading uh two years ago three years ago i was almost never trading pre-market now i'm trading uh every day pre-market and if i don't have a good trade oh i gotta sign back in hang on if i don't have a good trade by pre-market then that by itself is an indicator that um it might not be a good day for me to trade at all so noticing this sort of shift in trading i've also noticed a shift in the type of videos that students are interested in on the youtube channel and it's changed significantly from a few years ago where we were seeing a lot of interest on recaps and we were seeing very little interest on videos where i would do a class kind of like this and and now one of the videos that i just recently taught was on dip trading and that class let me see if i can find it here i've got it on my other screen so that class on dip trading has been very popular and let's see where is it hold on let me find it here oh actually well uh how to buy let's see dip there it is so you guys can't see um the analytics on this i of course can but this video has about 225 000 views in the last month or so and the views are just going straight up like this so these are the type of videos that students are interested in traders are interested in and so we're going to revamp the youtube channel here and i'm excited to do it because what we're going to focus on are the type of videos that you guys have been enjoying the most the most popular the most popular videos those are going to be the live morning shows those are going to be these types of educational videos and so it's uh it's exciting and you know i also sort of noticed not to go on too long of a tangent here i'm sure some people just skip ahead to the the class but um i've also noticed that some students will say you know i'm going to try to just watch every single video that ross has every single old video he has and i'll just see if i can piece everything together by learning from all these old videos rather than actually taking the classes and the problem is a lot of the old videos well my strategy has evolved the market has evolved and so watching some of those old videos i see some of the questions posted on them and i realized that they're really not a very accurate reflection of the market as it is today so i think that uh the path of least resistance i'll just watch some of these old videos i'm taking that option away so a lot of the old videos some of the ones from three years ago four years ago five years ago we're going to archive those we're going to set them aside and we're not going to leave them on the youtube channel so the youtube channel is going to be the latest the greatest the most popular videos that you guys are really liking and that i can see just from the analytics and um the archives will be safe for students who want to watch them that's fine but i think most students are going to go ahead and go through the classes and actually watch the latest classes which are also most relevant to you know the current market that we're in all right so um so i just wanted to share that with you because we're really excited uh we're about to cross over a million subscribers here on youtube and i had said that when we do it i will be starting a brand new small account challenge if we cross a million subscribers by the end of this year i'll do a new small account challenge on january 1st okay so with that said um let me jump in here and i'm going to move this down here all right so so this is chapter eight setup six so we were what setup we were on uh we were on technical setup oh see there's our technical setups uh to give you some context here the way i teach momentum i teach the technical patterns which would be the abcd pattern the first pullback the second pullback the red to green move things like that and then i teach the daily setup the daily setup is the context and context is very important so the daily setup of a parabolic stock for instance or a blue sky setup will be applying the same technical entries of abcd cup and handle head and shoulders but we'll have the knowledge that we're applying it to this type of stock and when we apply it to this type of stock setup these are the ones that i have found historically have particularly special potential so intraday parabolic momentum i'm going to be much more likely to take an abcd setup on this stock than on one that's not intraday parabolic meanwhile in the background look at that car halted again at 360 bucks so that's called a dip and a rip now it's a setup that we would only trade on a stock that's been halted all right so that was sort of a long uh intro to chapter eight set setup 8 intraday parabolic momentum all right let's get into it parabolic squeezes you guys have seen them you see this one in the background on car you've certainly seen it on gamestop you've seen it on a number of stocks we saw it on dwac dwac i'll just pull the stock up there um this stock went from ten dollars to 175 dollars a share an absolutely crazy move and what you'll find on a lot of these patterns is that stocks go up and they come back down they go up and they come back down now i'm a long biased trader so i trade the market primarily to the long side when i began trading like a lot of beginner traders i didn't even know that you could short stocks that's first of all so i just assumed you trade to the long side you buy and then you sell eventually i learned that you could short stocks uh but then of course uh back when i was getting started the number of brokers out there uh wasn't what it is today the availability of shares to borrow was uh much more difficult and so most traders just traded to the long side and the thing i said yesterday is it's kind of like someone handing you a guitar it's already strung to play with the right hand everyone assumes you're going to play the guitar with the right hand because most people do right right-handed style and the market is sort of that way too it's structured just systemically fundamentally to favor the long side it's obvious it's obvious from the short sale restriction it's obvious from the difficulty to find shares available to borrow it's obvious from the fact that you can't short stocks in a retirement account that you need a margin account of short stocks it's harder to short and so naturally i traded the long side so while it's true that you could trade the opposite side of this and i do teach a strategy for short shorting momentum stocks we're going to focus in this chapter on being on the long side so this is parabolic momentum of course gamestop also parabolic momentum and this is an example here of parabolic momentum without a doubt but what goes up comes back down there was actually a story of a stock um bbth and i think i'll show you an example of it so i'll hold down the story until i show you the example so i'm going to read this to you uh parabolic squeeze stock type when a stock is experiencing a parabolic squeeze whether it's a multi-day squeeze or an intraday squeeze it'll offer a number of opportunities for trading long and short a traditional bull flag or an abcd setup can certainly be traded on a parabolic stock however the range will be much bigger because the stock is more volatile so the winners will be could be much larger than average but the losers could be bigger than average as well parabolic stocks were one of the most difficult for me to learn how to trade because they moved so quickly i felt like i couldn't manage my risk or have enough time to calculate a safe entry as i gain more experience i've been able to become a lot more comfortable and confident trading parabolic momentum and finding those good entries so i now find that they are actually the stocks i make the most money on and here you have uh olb continuing without me and this is something uh that i've mentioned a number of times it's impossible to capture the entire move if you capture a good piece of it you're doing well and if you captured a piece of this or you jumped in there at that pivot of 879 for the move through high a day good job you'll never get the entire move so at a certain point you got to be grateful for what you got and you know take the profit off the table successful traders take profit off the table beginners rookies keep trading over trade and give back profit so typically for a stock to become parabolic it'll also meet one of the other characteristics of a strong stock to trade those are broken down earlier in the warrior pro class i'm not going to reiterate them now but you understand them especially warrior pro students recent reverse splits recent ipos and spax are some of the more common stocks that can become parabolic dry ships d-r-y-s 2016 does that anyone remember this is now five years ago more than five five years ago so in november 2016 i witnessed the biggest parabolic short squeeze that i had seen in my career up until that point it was on d-r-y-s the stock was down substantially over the preceding several years and the company had performed a series of reverse splits i believe they may have also done some secondary offerings they were losing money hand over fist it was looking like bankruptcy and being delisted from the nasdaq was imminent following the last reverse split the stock began to surge up first 50 percent then 100 percent 250 traders holding the stock short which was logical given the condition of the company began to get a little nervous when the stock approached 500 percent traders were panicking buying to cover short positions and long traders smell the blood in the water and they started jumping in a short squeeze was about to begin over the course of five days the stock squeezed up over 2500 percent from four dollars to over a hundred dollars a share now while i had previously seen some short squeezes at that time of a stock going from maybe fifty cents to a dollar or fifty cents to two dollars or three dollars or something like that maybe three dollars to six dollars seeing something squeezed from under 10 to 30 40 50 75 100 a share it was incredible and what made it even more impressive was how quickly it was jumping dollars a share you could press the buy button and a minute later be up three four dollars a share now at that time i didn't trade it nearly as well as i could have if it happened again today i was sort of left wondering how could i have traded it better i was watching some of the sympathy momentum occurring on other shipping stocks and this is very common when you have one stock that's going crazy you might have two three four others that start kind of moving because they're in the same sector and this was the case during um 2016 glbs ec tops dcix ship these were all other um shipping companies and uh so several others were squeezing up anywhere from a hundred to a thousand percent they had no news of their own just they were squeezing because they were in the same sector as this other stock that was squeezing and that's an irrational market now a reminder the remark the market can be irrational for longer than you can remain solvent which is to say that you may have the right idea that a stock like drys is really going to be worthless eventually and eventually it came back down but could you have held short from two dollars reverse split here not adjusted all the way to and then back down no way right not possible i mean just impossible so the drys short squeeze from four up to 100 so this is what the chart looked like here you sort of had day one it started pre-market held through the morning and then in the afternoon started to take off pulled back next day pre-market squeezes up pulls back next day takes off pulls back really starts to take off holds its level after hours pre-market next morning up again pulls back up again and then this day here it got halted by the exchange so it finally got halted the exchange so what is going on with this stock and when it resumed it was a big haircut and it sold off which is another reminder not to overstay your welcome now stocks can get halted when they're up a lot with for no good reason the exchange wants to know what's going on and and in this case when it resumed it came down a lot and that's not totally uncommon uh dry s daily selloff and reverse split history so just reverse split after reverse split after reverse split for those that don't know about reverse splits when a company does its initial public offering they sell shares on the open market uh the stock has to stay above one dollar to maintain listing uh requirements with nasdaq and nicey if it goes down to 50 cents the stock is not in compliance the easiest way to get the stock back up above 50 cents would be for it to be a better company short of that happening in a short period of time to regain compliance they will do a reverse split so they have a let's say a 100 million share uh ipo there's 100 million shares available to trade the price is 50 cents they decide to do a 10-1 reverse split the next day the stock's at five dollars awesome 50 cents all the way up to five dollars but the float has dropped from 100 million down to 10 million because if you were holding the entire thing of a hundred million shares at 50 cents and the next day it's at five dollars you're rich well then you realize you're only holding 10 million shares and you actually have the same amount of money that you had the day before so it doesn't affect the amount of money that you have in a trade but it reduces the float a history of reducing float reducing float reducing float often followed by secondary offerings selling more shares on the market increases float and we see this cycle again and again and it's worth noting just because um it can sometimes be the case that a stock will have been beaten up for a very very long time after a series of reverse splits and then finally you get that big short squeeze sympathy momentum glbs on the daily chart from four dollars to 23 ec from two dollars up to eight four hundred percent dci x from two dollars to twenty six i mean a thousand percent tops another big move this was all sympathy momentum so when you have a stock uh today like carr you know who's catching all the sympathy momentum hurts http htz now hertz is very see how they're trading so similarly but hertz is not the primary stock it's the sympathy stock so when the main stock rolls the sympathy rolls even harder that's almost always the case all right so news versus no news now typically when a stock has no news and is up 100 200 percent short sellers will see it as a great opportunity to take a short for a drop back down if that stock then keeps ripping third 300 400 higher it will certainly squeeze out early short sellers as long biased momentum traders are giving in to fomo and buying at irrationally high levels i've seen stocks go up as much as four thousand percent in one day and that's been with no news so um back to the story on um bpth biopath so this is a stock that was up big you know two three hundred percent no news absolutely no news to account for the move there's this uh it's now a legend legend a story tells that um legend has it uh hedge fund trader started shorting the stock scaled himself all the way up to an 800 000 share short position and when his uh firm realized that he was getting squeezed out they began liquidating his position liquidating an 800 000 share short position as the stock was squeezing up 18 20 25 30 40 he lost almost i think it was 15 20 million dollars a crazy amount of money to lose the stock had no news and it ended up that it did come back down but how how much red could he afford to hold through look at gamestop i mean gamestop wiped out billions with a b billions of dollars from hedge funds that were short you know you're not talking about small losses here they're hedge funds that need some of them needed a bailout go back to the daily chart on this so you know i don't have to repeat all the you know game stop story you guys know it but this was this was an epic short squeeze this was epic uh so news versus no news um i always like to trade stocks that have news i usually prefer it however there are times that we'll have no news and the stock still makes a big move the thing to be mindful of is that when a stock has no news it's got a little bit more risk of getting halted uh by the exchange because you know when you have news headline like really good earnings or a pharmaceutical company that's cured cancer or whatever it is it's obvious that you know there's a reason that people are buying it but when there's no news it's a little bit more suspect and so the um the the exchange can halt those stocks uh pending some review this was a no knee no new squeeze on bdr then a 50 drop so it was halted by new york stock exchange nicey goes from a dollar sixty all the way to three dollars and eighty cents a share they halted it they asked the company to provide some reason why the stock is going up and the company responded that they know of no reason for the recent increase in price and trading volume of the stock there's been no material developments or change in circumstance this is the template boilerplate what they always say when you get those t12 halts or sometimes it's halted pending news and this is the news this is another one on mdly again a nice stock stock went from 1.20 to 280. no news this is another one on rhe this stock went from three dollars to 16. no news this is another one here also nicey so you'll notice this pattern that this is much more common for stocks listed with the new york stock exchange then listed with nasdaq important to notice if you're looking at trading a stock that has no news which is the which exchange is it listed on and this is another one on acy this went from eight dollars to forty dollars a share but then it came all the way back down now it's worth noting with uh acy that acy as a parabolic stock uh actually recovered that level uh so this was the day it made that really big move to 38 and they recovered i mean it took a while but all the way up there to 60 almost 70 a share so we're worth noting for sure and in the background we've got olb uh my big winner from today continuing love to see that awesome and i'm i'm grateful for the money that i made on it did i leave some money on the table i sure did but every single day you are either leaving money on the table or you're giving back profit so today i left some money on the table but i didn't really give back any profit because i finished at my high of just about eighty thousand by the way those uh watching live please do me the favor and hit the thumbs up if you haven't already i hope you're enjoying this class so let's look at some examples of parabolic momentum again we're talking here specifically about the type of stocks.condition not the specific entry specific entries are going to be um something we have of course for warrior pro students already covered earlier in the warrior pro class we're talking about the technical setup the technical entry but although drys was the first really epic stock that i witnessed it wasn't by any means the first one to ever happen in the market for a short squeeze in fact there were many before drys that were even bigger and there have been many synths that have been even bigger through 2020 2021 the frequency of parabolic momentum stocks reached an unprecedented level as overall trading volumes increased and more traders have been joining the markets i currently expect this trend to continue i don't have any reason to think it won't and therefore i believe it's critical to study the price action of parabolic stocks including the screenshot examples of course but more importantly live trading archives all right so here's just a chart stock goes from about a dollar 20 to four dollars a share that's nearly 400 percent in one day that's incredible i mean that's awesome if we had one stock like that every single day 400 300 we would we would be so grateful now it's not going to happen every day but it happens more often than you think and ooh look at this i'm just going to pop the chart up here look at that volatility on olb it broke 12 hit a high of 12 37 now it's back at 10 20. i can pretty much guarantee you that there's some traders out there who bought right here maybe added right here and then uh oh still holding maybe adding more and then it starts to drop so you know this is something that um you have to be careful of not to overstay your welcome and then just like that you're giving back profit all right so back to nndm uh so we've got uh nndm here this was uh let's see what are we looking at um and then this is pixie sorry so nndm uh again in terms of chart patterns not to overly break this down because i'm going to show you some live trading archives but obviously you see some pullback patterns here some pullback patterns along the support of the nine moving average and then it rallies back up here on pixi this was one where you had a couple of really nice entries this was a particularly nice one right there let's see if i can get my um let's see what is the uh turn on laser pointer right here right there that little pullback that was nice 10 all the way up to 14 a share that's phenomenal drop squeezes up at the open halts up so this is a stock that goes from six bucks to 15 and on really nice volume this is the type of stock that's the right type of stock to trade so again just to step back for a second what what is the right type of stock to trade so you may recall yesterday i didn't take any trades at all for those that were watching the morning show i didn't take any trades yesterday why well there wasn't anything that looked really good so what does look really good mean to me generally at this point i'm looking for a stock moving pretty quickly and usually and i prefer this on breaking news now you don't always get the breaking news sometimes it's moving quickly unknown news and it's technical but i like to trade stocks moving quickly yesterday we had a number of stocks that were sort of range bound they were up a bit but not a lot um they were moving but they weren't moving very quickly they're a bit choppy and it's one of those things that you know it when you see it and if you're sitting there thinking i don't know if this is the one the fact that you're saying i don't know means it's a no it's either a hard yes or it's a no so uh pixie this was a hard guess with it squeezing up like this from 9 to 10 that's a hard yes absolutely and there's other technical characteristics that i would look at including the share price the float the sector that the daily chart history and things like that here's one qlgn uh stock goes from nine dollars up to 18 doubles in one day 100 so this is a one minute chart you can see it's a little choppy uh not as much of the straight up parabolic but some nice opportunities on it for sure all-day parabolic momentum carve this was a bit of a protest uh stock uh carve u-o-n-e there were a couple others that um during black lives matter black lives matter protests or activist things that were happening especially last year this is a stock that gained attention because i think maybe the ceo or the founders are black or something i don't know the details of it but in any case the stock goes from three to four to five pulls back goes to six seven eight to nine to ten and it was crazy and that was very similar with dwac uh the stock the the special acquisition company it's a spec that is going to be merging with the trump uh trump media truth media whole thing it becomes a bit of a protest a political stock which i don't know if that's a new thing um people who've been in the market longer than me i suppose would know but uh and i've been doing this for a long time but this was sort of um something new to me so we had it on carve up to 23. i mean these were huge moves and like i said you could get in for some of these breakouts and boom be up a dollar two three dollars a share you know with a 3 000 share position just like that you're up 10 000 bucks and i was finding that i was stacking the profits up really quickly on these um i'll say again and just to do this intermittently my results are not typical i have been trading for a long time so you shouldn't try to blindly follow me or anyone else for that matter because blindly following is not a recipe for success i know there's a lot of alert services out there we don't i don't do an alert service we don't provide trade alerts we don't do email text alerts stuff like that i don't think that that's a really strong way to learn i think it's helpful to understand what someone's trading but trying to blindly follow is not the way to do it you've got to learn the strategy and so if it's my strategy you're trying to learn you're doing it right now by being in this class and then you've got to practice as a simulator and don't trade money you can't afford to lose because all the data that we have right now tells us that most beginner traders lose money so be smart about it all right chnr this is a chinese company this squeezes up 300 and wouldn't you know all of a sudden you start seeing sympathy momentum so you start seeing four five six seven other chinese stocks squeezing up as well even though the other ones might not have had any news it's sympathy momentum now uh wei parabolic momentum after hours from 350 it closes at the high that's a power hour trade you get a squeeze after hours up to 750 a pullback a squeeze up to eight and to nine stock goes up a hundred percent after hours that's not as common why more traders are trading pre-market and in the morning pre-market is great for traders in um europe it's great for traders who are in um well new zealand australia it's fine for traders sort of across the board the only traders it's not great for are traders i suppose in hawaii uh and maybe japan japan hawaii um alaska california because of course pre-market starts at 4 00 a.m eastern new york standard new york time so 4 a.m is the beginning of pre-market so you could be in um you could be in italy and you know four a.m so six six hours forward uh you're talking 10 a.m right so it's still just regular morning time there which makes it very easy to trade pre-market after hours trading u.s four o'clock yes you will have some traders out in california you know some west coast traders that will trade after hours but of course most european traders are asleep uh or you know kind of for sure winding down not looking at taking trades at you know 11 o'clock or midnight their time so we don't usually see as much after hours but occasionally here's a recent ipo into a parabolic squeeze recent ipo breakout one of my favorites so we get the recent ipo breakout goes from four dollars to 30 dollars a share if it hit 40 it would have been a thousand percent from four dollars to 30 jfin crazy so the stock goes from four to six to eight to ten to twelve pulls back hard recovers afternoon all the way up to 30 bucks multiple halts circuit breaker halts not gonna talk about those in a lot of detail right now but of course we do cover that um in the classes in in quite a lot of detail parabolic momentum on uh peck this is a gap and go squeezes up to six halts once you can see the gap opens higher halts a second time opens higher and goes up uh just towards the third half before pulling back up 50 percent in uh you know 15 20 minutes car over 400 let's take a peek holy smokes car wow so i have the uh the level two uh right down here so i had the level two up and i saw right here it was almost halted up at 388 and then it dropped to 331. look at that in 20 seconds 30 seconds a 50 point drop yikes scary stuff but this is up 138 this is a short squeeze absolutely this may be one that's hard to manage risk on but it's a short squeeze and so just the fact it's a short squeeze alone it's worth watching it's worth studying again this unfortunately what would keep me out of this is the spreads the spread is the difference between the bid and the ask so here it's crossed at 415 because it's a halted stock but if you look at olb for instance 82 by 91 you know is a 9 cent spread so the spread is constantly changing as the stock is actively trading it's 100 million shares of volume nearly but big spreads are can be a challenge for sure harder to manage risk when you have a big spread and again this is not meant to be a cohesive take you know watch this class and you'll be able to trade profitably no you will not be able to trade profitably just from watching this class just from watching any class there is no guarantee in the market even as a student there's no guarantee there's no implied or uh stated guarantee that you'll be successful just because you take a class or watch a class it's a lot of hard work um you know that there's just no question about that so just to say that but uh you know stocks like these they are the ones to practice on they're the ones to watch and to try to get good at because when you start to see these you start to get familiar with the pattern it's the right thing um you know you know you're you're in the right direction but there's so much more to cover this is just this is just one section of a huge class there's so much more when it comes to the exact entry the exit the routing the hotkeys how to understand halt levels i mean there's just it's so big in terms of the the level of what you really want to understand before you start trading with real money um i'm just going to grab a curriculum here just so just to show you guys so this um so this is our current um syllabus right here this is the warrior starter course 15 chapters long all right and this is the warrior pro course right here the class that i teach so this is this is a pretty comprehensive class you know this is not just a couple videos i mean you're watching a couple videos on youtube but this is a very comprehensive class so just to put it in perspective all right so back here um so cohn uh cohn this was around the same time as um uh carve and uone so i don't remember if this was um uh the it's like black stocks matter uh that was like i think that was what was trending or something but um that's what i hear was hearing people say so i but i don't know on this one i wasn't totally clear um if this was because i think some were getting that label but they really weren't but they were getting it because people wanted people to buy that stock so you have to be a little careful uh so anyways there's a couple on cone uh p-h-u-n stock is a dollar it goes up straight up to three bucks three hundred percent i mean just absolutely crazy all right so vvpr and a late day breakout these are just chart examples these are the type of stocks they're parabolic so uh spi is another one um kxim this is another one so i think you get the idea these are the type of stocks i want to trade of course for students you already have uh access to this chapter as the full chapter that has a bit more uh detail but just to keep the youtube video from getting too long let's see we're at uh well about half an hour now all right so kxin yup um crushed that 102 000 on the day big move from 350 all the way up to 13. these arrows are the type of places that i'd be a buyer parabolic momentum on taop the five minute on the left and the one minute chart on the right let's get in i think to some live trading examples kodak this was another one last year uh from 20 to 60 bucks crazy crazy crazy i mean my goodness ppsi from three dollars and nine fifty that's three hundred percent uon e that's the one from 14 to 40. uon e another day there another one on uonee up to 54. i mean these so one of the things i encourage traders to do is to print out charts like this um and put them around your desk as a reminder when the market is slow that that's what you're looking for that's what you're being patient and that's what you're waiting for trading and i can i am so bad at this but i'll say it anyways sitting on your hands having the patience to not trade when the market's slow it is so important because you end up taking you know a b or c quality setup it's not really that great you you catch a loss on it your accuracy is not going to be as good on low quality setups and the winners won't be as big so you take a loss on and you're like well now i'm red i've broken the ice all right now i'm going to try to make it back you try to make it back on some more b and c quality setups and sometimes you do and you finish the day small green whatever and other times you just dig the hole deeper and deeper and deeper and you're thinking man i wish i had taken my foot off the pedal a lot sooner look at this so this is about to haul the halt level is at 68. well look at how the spread is 55 by 57 this is a very very very difficult spread this is going to be one of the most difficult spreads i've actually seen in a long time these are huge spreads so right now if i was in with 10 000 shares let's just say that's 65 on the bid it just dropped three points that's 30 000 it went from 68 to 71 70 by 73. so this is an example of a stock that um you know again you could trade it with 10 shares you could kind of just be like oh i'm going to move the decimal point and mentally think of it like that and you know with 10 shares you could probably make a little bit of money on it but golly uh you know you catch another one of these red candles one of these types of candles back here and it's going to hurt and it looks like here we go we're starting to roll just a little bit nope and it breaks so it's starting to roll just a little bit there false halt and then up to 89. so it's pinning at the halt level it's chasing the hall level circuit breaker halts if you don't know about them i've got a couple other videos about them certainly on youtube i've got a bunch about it in the classes is it going to be a real haul or a false hall it looks it's staggering it's limping into the hall it is a halt but a little a little bit of a limp into that that haul level so that's eq acy parabolic stock no news goes from eight dollars to 38. now there's no doubt about it this is going to be an easier stock for me to trade it's going to be easier stock for a lot of us to trade why it's cheaper i can afford it you know i mean even for me i don't you know i don't keep millions and millions of dollars in my trading account how many shares could you even buy on a stock like uh car you know 400 500 a share a thousand shares is 500 grand 4 000 shares you're talking about million dollar positions so you know you're talking about a lot of risk and i just encourage you to be mindful of that so a lot of traders inevitably focus on lower price stocks and when i got started i did two and i actually focused when i first got started on penny stocks and you want to know why i had a friend in high school who made uh some good money i don't know exactly how much he made now um but he made enough money trading penny stocks he bought a uh a nissan pathfinder put a nice subwoofer in the back he bought uh he had a big screen tv in his bedroom which was down in the basement at his mom and dad's house he got an arcade machine a sick arcade machine he got awesome sound system and i mean it was pretty cool to be 17 18 years old whatever he was at that time to make some money trading a penny stock i mean it was it was pretty amazing and the fact that he did it made me think man i all of a sudden my eyes were open that there was uh you know there was a possibility even as remote as the likelihood was of me making money consistently um you know i was young and i was stupid enough to think that maybe i could do it and that's why i always remind people how risky trading is so you at least know what you're getting into if you're gonna if you're gonna make a go at it but so when i started trading in a more serious way i was focusing on low-priced stocks because i didn't have a lot of money so i just assumed you have to trade penny stocks but in fact uh trading stocks you know three four dollars a share these ones anywhere from you know two to twenty seems to be the sweet spot for the type of stock that can really make a big move uh that's been my experience now gamestop was a little higher and certainly cars a little higher too but so here's gamestop uh this is a screenshot of me holding 250 shares i'm in at 229.24 cents and i'm up 100 a share so i suppose a reminder on something like car that even with small size those winners can add up 250 shares 100 a share is 25 000 25 000 you know but it's still a lot of money it's still uh 75 000 in the trade so gamestop i've got a lot of drawings on this chart this is a lot of technical analysis i traded this one um quite well i could have done a bit better but i was limited that i didn't have enough buying power in my account i didn't have enough money in my account to really really like crush it and to have had the money in my account to really crush it i would have then inherently also been taking five or ten million dollar positions and i know that there are traders out there doing it but man that scares me that scares me it's that's a that's you never want to empower a trade to potentially like end your career you never want to do that even if you even with a lot of experience uh parabolic momentum here on glsi so this is a stock that had news out pre-market that morning of um there was something about breast cancer something that was very positive stock immediately goes from like 10 to 40. so one of those straight up parabolic kind of algo spikes it pulls back and then in the afternoon goes to 36 to 40 47 all the way up to 180 a share now of course when it was up around you know 75 80 100 and 100 and 250 it would have been difficult to trade because the price is so high and the risk is is of course high at that point but um you know at the same time had you been in from down here and held a couple of shares you know 100 200 shares then all of a sudden you're coming back to a really nice trade so that was uh and there was i did some live archive um review of this because this is a bull trap and then a bear trap and then a rip higher it was really a pretty special setup so again just the stock type glsi so parabolic momentum so all right let's look at um i'm going to get some live trading archives going here let's see [Music] all right so and let's watch resumption just for the heck of it on gls i so it opened a little uh sorry on car it opened a little lower the high is 490. but see look at that 65 by 70 it's a five point spread and there you go back to 89 so that's a dip and rip back through the high 95 should break through 500 but there could be sellers stacked it's a very psychological level and it just goes to 520 it goes to 528 the way a stock would break five dollars and go to five ten five fifteen five twenty twenty eight dollars a share crazy and the market can make you feel pretty stupid sometimes you know i'm the one sitting here who hasn't taken a single trade on it all right so let's see let me get um you know as elon musk crossed uh uh what was it 300 billion dollars net worth i thought man i really am pretty stupid aren't i i've been i've been sitting here for you know all these years tesla just keeps going higher and higher and higher and you know i guess i'm really an idiot oh well i can't catch them all i do find uh some uh profit in the market and i'm grateful for that so if uh you know you find your niche and you stick with what you know all right so car halted up showing 5 47. so we'll watch sound resumption so uh glsi all right so let's watch a live trading archive here on uh glsi all right so this is this is a long one these are available for warrior pro students i'm going to highlight some of the um some of the interesting spots all right so glsi here um so it looks like uh so trading it was really small size um in this area probably just sort of like a little cautious on it all right so so the halt time 49 oops [Music] sls a quick trade on that for the break of five it's a whole dollar half dollar setup it's up 35 percent yeah take the trade into the halt nothing huge on that problem is it was too close to the haul level that's not really the one that's exciting though um so glsi the last print was 61.36 so we'll be watching resumption on glsi let's see there you go so there's resumption sorry there's a resumption on glsi and you see how it breaks it does a dip and a rip next haul to 74. so that's very common that's similar to what we just saw um it's going to halt up then it's going to go higher up to 78. let's see if we can get into the the bigger moves there's showing 95 resumption there so quick trade for the break of 100 perhaps average for me is 87.22 so i'm up four thousand dollars here with 400 shares so there's a hundred dollars taking some profit uh there we go as it breaks through that level so i take the profit as it breaks through the critical level of 100 and then it goes to 104 it goes a little higher and so this is what i mean with these types of trades where all of a sudden you're up dollars a share it's crazy gov x trade on that one so glsi showing a 126 resumption so the resumption on car is showing 535. so we see the approximate resumption price it's it's a bit of an approximation so i'm now holding 210 shares at 121 it looks like it resumed and then squeezed a little higher unfortunately i don't have the chart usually i would so glsi yeah see look at that so on this one so i'm holding one share on it so it halted it looks like it reversed it did one of those peaking at the top and then halting back down let's see so one of the things that we often notice with these [Music] that doesn't really matter so one of the things that we often notice with these is that they will halt many times going up and if this does car for instance halt going down that's something to be really really uh mindful of you don't want to think that these will just keep going up forever i mean you know of course some of them do some pretty irrational things but you still want to be cautious with how you manage your risk so let's look at rhe this is another one that was pretty cool um so let's see rhe so rhe this is one that i traded um pretty aggressively so on this day i'm sitting up 79 000 this is another opportunity for me to remind everyone that my results are not typical all right so let's see let's get oriented so rhe uh looks like look at that look at that so watch oh man so uh i use the pause button to go full screen and out but also to go pause and unpause but it also does full screen and not full screen okay so rhe all right so let's get oriented okay stock is right here up 200 5.5 million shares of volume this is the chart it had squeezed up from a dollar fifty all the way to four a strong pull back to three now curling back up 393 at halt it opens dip and rip i'm looking now for a trade long for the break of five bought 9 000 shares at 4.92 um and and that's high that's an extended entry at that moment because yeah it's up 200 there's no news on it it's sympathy to acy which was also moving quite a bit but um here we go all of a sudden it skips five by five thirty five oh seven five thirty five right so if you've ever gotten yourself stuck trading uh i don't know something like serious satellite radio and it looks like this oh car so that's not too surprising on car so first of all going down right so it's reversing coming back down so it'll come back down a bit um but if you've ever found yourself trading something like siri it's a stock that just doesn't move it just doesn't move it's a very slow mover it's a feature nature of the of the um the float the market cap so it's a slow-moving stock but then you have on the other hand something like rhe here and these are fast moving stocks these are para these are stocks that are parabolic and i'm not going to say that this is for everyone there's not one strategy that is for everyone just plain and simple this is a aggressive strategy that i have of trading momentum trading momentum is buy high sell higher buy high sell higher it's very volatile and you have to be you have to be really really careful so rhe there you go up to 540 and i'm taking profit into that level because i know it's extended and then it goes a little higher to 571 without me so i'm like all right well made a little bit of money on it like 1700 bucks or something like that so i'm up 1700 now on rag all right so we're going into a hall so now we're gonna look to resume so let's see is this a five minute long call or ten minute long call looks like it may be 10. so jump in 10 minutes ahead all right so we're watching for uh resumption trading a couple other stocks on the side waiting for resumption oops let's back that up so we did resume there oh let me see scaling up so it's about to resume so rhe it's up 250 and look at that it resumes at 660. it halted at 578 and it resumes at 660. and now i'm adding for the break of seven there's seven ten there's 7 18. there's 7 26. there's 747. now there's 650. that's a reminder what goes up can come back down there's 6 30 but notice notices 630 40 000 share buyer on the bid dip trade possibly back over seven and adding right there for the break back over seven and watching it takes some educated intuition to get the feel for how these trade to know when to when to you know panic sell and exit and when to hold for the bigger move i've got 23 000 shares of it at 6.99 what am i looking for the breakthrough 7 50. there you go 750. it rips through there's 770 785 i put in order to take half off the table 768. now that would be about ten thousand dollars start scaling out so i start scaling out take some profit and then i'm very likely to add back i'm not the type of trader that just buys sits back and just kind of lets it do its thing uh you know and whatever i'm actively trading so i'm happy to get back in if this shows the strength that i'm looking for which would be a break back over 750. now i want to pause this for one second um and if you notice on car uh right now this is something that we always like to pay attention to so this was halted at 1104 and 32 seconds so she'll resume in a moment it was halted going down at 481 but it's showing a resumption of 500 that's a resumption higher so if it squeezes right back up over 510 520 and through the high you know that could be that that's very it's bullish it's bullish that it's showing an open that's higher than the halt down unfortunately the risk of trading a stock at this spot right here is that it's up 170 percent it's up it's up a lot so while it did open a bit higher at 500 it immediately came down this is a dip spot possibly at 62. i'm not going to buy it see just that moment right there and we'll go let's just go to the 10 second chart or one second chart i'll just show you what i was seeing i'm not gonna buy that because of course the five minute context but right right there right in there as it was starting to level that can be the beginning of the curl for a dip and rip but context is important and in this case because we have had multiple halts and because it's up as much as it is the risk would have been too high for an entry and there probably wouldn't have been enough buyers right at that spot just because of that chart pattern so that momentary pause though when it's pulling back it starts to pause that's something i look at really closely okay so let's flip back to uh rhe parabolic momentum again those watching this i hope you are enjoying it a little mini class here all right let's get back into it so we've got 6 so i added it 644 and that was just a couple seconds ago it looks like so it does a little flash dip down there punch punch boom boom so add it at 647 little dip trade taking a little profit up around 690. so it took a little off the table 690 this is a a red topping tail so you've got a fairly extended setup here taking a little more off the table as it comes back up not sure whether or not it's going to make them move all the way back to the high of course we know we know it does but we don't know yet uh it's always anyone who can trade you know using i don't know time travel can be very successful trader because once you know what's happened it's easy to go back and just buy it at a better price but the reality is uh we can't trade that way so now i'm in with 30 000 shares 38 000. so someone is stepping up to the plate and it's me stepping up to the plate here 38 000 shares of this stock at 774 looking for a continuation there's eight ten break of eight taking half off uh order to take some off the table and no problem getting filled there it's a that's coming up to the whole dollar so a decent spot to take some profit especially on something that's extended like this add back on the dip at 66 and 76 actively trading sometimes i think that i would do better if i just held because when some of these go up five dollars a share with 30 000 shares you know three times five you're talking about a lot more money than just uh flipping in and out the way i do but at the same time you kind of get used to what you're used to added there up to 23 000 shares want to take some profit as it breaks through the high these types of stocks are so fun to trade it's up 400 percent this type of volatility is just phenomenal so we're coming up to another hall it's halted holding 7000 shares up currently 113 000 on the day on uh in this live trading archive uh students can rewatch these as many times as you want by the way all right so [Music] fast forward this just a little bit back up so now so this is where this is where things start to get interesting and you hear me talk about how it's pulling away it's starting to pull away so i'm in it's 8 37 now it opened it halted it 8 48 or no sorry it halted it um what was it yeah i was around i don't know 870. it opened and we're already seeing 9.50 now where are spots that i would look to to add 55 65 75 85 looking for the break over 10 diptrade here added up to 15 000 shares with hotkeys taking a little off the table at 93. we've got a seller at 10 will it break 10 holding 10 000 shares added for the break of 10 taking some profit as it breaks that level and there's a uh 1083 1082 holding 3000 shares trading it through that level we're coming up to another halt here right halt it again so let's watch for possible in about a minute holding 3000 shares okay resumption there 11 22. if it breaks 11 22 that's new high that's a spot to add i tried adding and i didn't get um actually where did i yeah i tried adding in my orders didn't fill now we're going up to 1250. now we're skipping half dollars in whole dollars 12 45 next ad spot strong dip there possible buying opportunity it is extended holding at 1206 average wow taking some profit as it goes through that level it's the right move i was read on the trade for a second new orders at 13. feels top heavy right doesn't it feel a little top heavy so our high is around 12 80. holding 10 000 shares watch back over 12.50 it's up 640 percent which is phenomenal if it breaks the half dollar of 12.50 i would expect a pretty tight look at that yeah see it it happened so quick there now look for 13. a little bit of a false break there so that's a false break it is top heavy and we start to get those false breaks as it gets a little top heavy but then look at that look at that recovery um let's just back that up so we got a false break it it dropped down here to 12. i'm holding 10 000 shares 12 18. so flat on the position now got out the rest break even roughly then watching and look at that rip right back to the high added back 6000 shares for 13. now looking for 14. added right there 17 000 shares looking for 13.75 then 14. 14.48 taking some profit off the table there's 1448 up to the halt level and then unwinding the rest of the position halt levels are a little tricky with uh nicey stocks it can be hard to tell and then there it moved up again taking that out look at that just incredible that is parabolic momentum now you can tell that that um is a little different than what we had on a car car um has a bit less volume um compared with um the sort of the the time uh the card so it's a little bit later it's got 14 million shares whereas rhee had about 12 million at that time but rhe was just like ripping kind of straight up and on pretty solid volume uh the spreads weren't too bad car much bigger spreads um a tricky one and and fantastic for anyone that got a piece of it uh for me you know i didn't trade it at all so from a high of 545 all the way down to 373 now bouncing highest volume is now on this red candle right here olb was an easier one for me to manage risk on into trade and even on that one i left a lot on the table we got that move right there which i didn't trade that was a bit of an abcd setup for a break through the high first at 79 and 23 goes to 923 all the way up to 12. pulls all the way back down and comes all the way back up so has a high of 1250. we've got news on this one which is good to see chart history is not bad certainly would be better over the high of this candle because that candle is red that's 1640. car the chart on this one uh i mean this is like a monster that's crazy that's that's really really impressive um but certainly not a time to be an investor it's up so high so just just um just for trading so already today there's been a couple of opportunities um this one uh traders seem to have lost interest in from ten dollars to sixteen or fifteen fifty but then came back down so uh i have a ton of live trading archives of these but i don't want to um i'm not going to show i'm not going to go through all of them here and most of them of course are well they're all available for warrior pro students you guys can watch them but so we had parabolic momentum on rhe we had acy we had sls we had bpth and then there's a bunch that just go into the archives and then chapter eight set up eight part two low float and or low volume parabolic squeezes so you know these ones some of these ones just to show you can be really incredible stocks that go on very light volume up 10 15 20 a share these ones are a little different uh these ones are hard in a similar way as car because the volume is is light and so it can be and the spreads can be big so it could be hard to take um enough size to do really well but but occasionally if you're in early enough and they have news or something like that that helps you find it then those can be good uh so are there any questions that i can answer here you're welcome can you please teach on where to buy on the candle how i set up a stop loss and where to take profit so um in short we can go back to olb let's look at olb because this is one that i traded today so olb uh where that arrow is right there that was a spot where i took a trade why did i take a trade there well we had this pre-market uh pivot at 8.40 it was a high it was a level that was tested right here and again right here roughly and again right here so i believe that if 840 broke we would likely see a re-test of the high of 870 and if we broke 870 then it move up towards nine so in this case and we had tested it here as well i thought that this was a bit of a cup formation this was the handle and so as the handle was forming i began accumulating here my mental stop was the low of this pullback but really it was about at the volume weight average price which is the orange dotted line so stop at the v app in this case not a live stop order just a mental stop so the place where i'm thinking if it breaks that level that's where i should probably get out and as long as it holds roughly holds then i'll i'll i'll keep holding as well the profit target well initially we're looking for a breakthrough 840 and then 870 and it does it hits a high of 875 it pulls back and then it breaks through up to 923 so a little choppy on the break but did break through that level but to give you a more complete answer where i get in and where i get out that is the basis of the strategy really what i've shown you here is just a type of stock it's a stock type that's what it is it's parabolic momentum so right in here chapter 8 uh stock type breaking news reverse splits recent ipo blue sky spax gap down reversal intraday continuation intraday parabolic squeezes parabolic momentum those are just stock types those are the types of stocks i like to trade and the type of stocks are most likely to experience any of the any of these things and give us parabolic momentum those are going to be ones with a certain type of float at a certain type of price and typically with some type of news now the actual entry first pullback second pullback abcd half dollar whole dollar micro pullback buying a break of the high a day v breakout buying into or out of a hall dip buy that's the strategy of where i'm actually buying so this section right here this section right here this section right through here and this section this is all strategy but this video today has really been more just on the characteristics of parabolic momentum the the stock type the stock condition uh dip trades again uh i already have a class on that and a video on that on on youtube and actually it's because of how popular that video has been that i wanted to teach this one and we'll see if this one is um it is uh as popular or maybe more popular how to trade parabolic momentum it's certainly topical uh to the market that we've been in so essentially my and i like i said i don't use stop orders i don't use live stock orders i have mental stops which is just me saying if it breaks below this level i'm going to press the sell button so if i'm pressing the cell button then and i can do that by actually pressing the button cell or i can do that by actually pressing a hotkey on my keyboard so however i do it usually it's with the hotkey it is a marketable order so i'm just selling when i exit on that type of sort of like have to cut my loss i'm usually selling at the bid price which in this case is two points lower than the ask so i always would prefer to avoid being in a situation where i have to hit the bid and that means i have to be thinking about you know where can i be buying uh where i'm have a higher likelihood of having a really nice breakout and then if we get that breakout we get a squeeze up through new highs can i take profit on the ask that way i'm not hitting the bid so that's that would be my preference again that's more of a study of level two uh time and sales tape reading is a very important component to being a successful trader uh it's something that i talk about extensively chapter six tape reading level two to being a successful trader at least in the strategy that i trade i know that there's some students out there and traders out there that don't use level two in their strategy and it's just because their strategy is different from mine so and let me just log in here again um i want to do this on youtube i hope you guys please hit the thumbs up i hope you are um subscribed to the channel and um so this is um the revamp welcome to the new warrior trading youtube channel with 908 000 subscribers and we are going parabolic looking for 925 950 975 and then one million and then i can trade in this old thing for the million dollar the million or the million a million subscriber badge million dollar badges i'm excited um it's been uh it's been really fun putting out content on youtube and so revamping the channel um to featuring um the most popular content the videos that are um going viral some of them 9.3 million views right now on on this class 1.2 million on this one a million on this one 500 000 on that let's see um and then oh here we go um this one is um this is the one that i mentioned before this dip how to buy the dip gap and go high trade breaking news a lot of these are super popular some of the most watched um or must watch the day trading videos some of the really popular live trading archives 900 000 views 800 000 views so uh the focus here is uh trying to put together the type of content that uh the community on youtube is enjoying the most so let's see um and you know it's it's hard when you're trying to create content because you don't you don't really know you don't know what um what people are gonna like and sometimes i'll spend a lot of time working on a video uh and then uh no one likes it you know it just doesn't take off and it feels a little disappointing you think huh that's weird i really thought people would uh people want to like to that but then one that you didn't really expect would be all that interesting uh ends up being uh quite popular so yeah and i appreciate that comment on monetizing the youtube channel i've certainly thought about it um and there there may be a point where that um you know you make some extra money but so i i'll never say never but one of the things that's nice is that for really long videos like this that you guys at least right now um are able to watch these without getting interrupted by ads so i don't even know how much you you know how how much would you even make on a 9 million view 10 million view video you know i mean i don't know like i don't even know you tell me a couple thousand bucks maybe like that that feels like it's not really worth it but maybe you'd make more i think the people that probably make a lot are the people that um make those hamster videos that get like 200 million views and then that's that was the moment that i realized i'm really in the wrong industry let's see so i'm just looking for this particular one here um yeah so um so like this so like this right there so you could just see how um this one just that's those are the views and so that's you know the youtube community saying we like this video from the beginning and we keep liking it every single day that it's out there and what happens with a lot of videos that people post on youtube is that you know they get views when they first get posted and they just flatline and they go stale so that's what i'm kind of watching and the videos that i have out there a lot of videos that are really awesome content but they're just flatlining or they've gone stale i'm archiving those they'll be available for warrior pro students we'll put those aside but for youtube i'm only going to have the videos out there that the youtube community seems to enjoy and appreciate uh like i said i i really don't think the best path for um learning how to trade is just trying to piece together uh 500 or 600 different youtube videos there's some people that are going to do that i don't think that that's the right path and for a couple of reasons one you're trying to read between the lines you're trying to put the pieces together now the puzzle has already sort of been laid out in a curriculum but you're saying i don't want to go through the curriculum i just want to kind of figure this out on my own but if you're taking things from five years ago well market changed i'm using different tools today i'm using different tools for news different tools for scanners then i used four or five years ago so older videos start i mean some of them can still be relevant some of the live trading archives can still be relevant but but others are not and so i think it makes more sense to focus on finding a cohesive curriculum one that you can relate to one that you understand so if this is a strategy that you think you like and you're interested in that's awesome and i'd love to teach you more about it if you could say right away no this one's not for me i want something where you know i can set it and forget it check it on my phone and you know maybe trade some options you know fair enough you got to do what's right by you but my focus on uh revamping the youtube channel is to put out the content that you guys are really liking and if that helps us cross over a million subscribers and that'd be pretty cool uh let's see and someone said nine million views would be sixty three thousand dollars so sixty three thousand dollars hmm well that'd be nine million views that so that video has been posted for a long time so it's not nothing but yeah all right so well this has been an awesome class i hope you guys have really enjoyed it um it's 11 30 and i'm sitting here green on the day and certainly left a little money on the table both on olb for sure olb went a bit higher carr well left the station without me but uh you know of course what goes up comes back down and this is a bit of a head and shoulders pattern so you you have to be mindful not to get caught in chasing fomo you know you start getting that phone well if you're missing out you start chasing next thing you know you're buying higher higher higher higher higher and you know it works until all of a sudden you're caught in a halt down and look at this you wouldn't have had much of an opportunity to get out when it dropped from 145 a 545 and halt it down at 580 then halted down a second time at five at 450. and then all of a sudden you're looking at a hundred point loss you know a couple thousand shares you're talking about two three hundred thousand dollar losses oh that's that's tricky so take it slow one day at a time don't give in to that fomo we all know the market will be here for us uh so question from steve what's the benefit of using lightspeed well um the light speed compared to a broker such as td ameritrade uh td ameritrade is going to be much td ameritrade it doesn't cater to day trading it doesn't cater to day traders i'm a day trader so i'm looking for the type of pla the type of software and the type of broker where i can get in and out quickly and that means a platform that is very stable very fast so that is a benefit of lightspeed it's a stable fast platform that's something that of course i really like about it uh i also like the fact and i'll just put this up here so this is the lightspeed platform so i can type in zvzzt nasdaq test stock i'll just do it here zbzt so i can buy the test stock just by pressing one button just like that i'm in now you can set up hotkeys with td ameritrade as well i found them in my experience to be a little finicky i didn't find them to be super reliable and while you can market in or mark it out well i don't know that i really want to use a market order i don't mind using a marketable limit order but not a market order so for me a marketable order would be an order 10 cent offset above the ask or something like that so it fills right there now control x i'm selling half control x i'm selling another half and so you can see how fast i'm getting in and out this is a nasdaq test stock you can that the fact that you can move that quickly is helpful when you're trading a fast-moving stock and certainly something like car really anything that's parabolic will be uh what i would consider to be a fast-moving stock those are uh those that's not going to count against my p l because the test stock just by the way so uh the direct access routing the direct routing to a stock or commodity is not indication to buy or sell that stock or commodity ross's results are not typical please do not attempt to mirror trade or blindly fall ross or anyone else you should always train a simulator before trading with real money this does not represent our full disclaimer which you can see over there so um olb it starts hitting the scanner and i saw someone mention olb news so when i heard news i thought okay well i'm interested but what's the float it looks like i lost internet just for a second there sorry about that um so i said uh you know i need to know what the float is i'm not not totally clear now if this hadn't been hidden right here behind my my broadcasting software i would have seen it but i didn't see what the float was so i had to go over there and click on it i had to type in the chart and by the time i got back over here to enter the order it was already had gone from 550 to like 650 or whatever so i chased it a little bit i got in a little bit higher but um you know it's not the end of the world it's fine so anyways um yeah but but that even even then um if i'd been with td or something like that it would have been even slower most likely so i i kind of put e-trade td ameritrade you know in the same boat in terms of performance i've used both of them before i don't really like either of them and that's kind of where i sit okay let's see any advice for the mental block of not being able to hit the buy button so in my experience that hesitation is about fear and you might have noticed today on sba e i i did hesitate it would have been my first trade of the month it was going higher but it it just i i just felt like something about the level two the way it was trading was kind of funny and i just kept hesitating and then i kept kind of missing it and then i finally took a trade on and then i was read and so usually to me that it's i'm hesitating because i'm afraid of loss and so for me i now use that as something i try to be aware of and it reminds me to go slow because that intuition is probably educated for a beginner trader that fear is a healthy fear and one of the easier ways i think to overcome it is conditioning yourself by trading with small size so trading with a simulator first and then once you've proven profitability with a simulator trading with real money maybe trade with one share you know it's like playing like gambling with like 10 cents or something i mean and i don't like to think that day trading is gambling but we know that some traders gamble and they just throw their money in the market and we know of course that uh like gambling there's a high risk of loss so approaching it you know from a mindset of how much am i willing to lose and starting with very very small levels of risk i think is a smart way to do it now getting myself to hold on to winners longer is a struggle for me because i have had so many trades and you know what even the trade on sbea i sold half going into the halt and then the rest i sold break even on resumption at like 15. so uh yes small size builds confidence right and then naturally when you have the confidence you'll start knowing to take bigger size but um but yeah you know it's the day you don't take profit is the day you think man i should have sold the whole thing the day you do take profit is the day it ends up going another 10 points and you're like man i can't believe i sold so soon you know like i said earlier the market can make you feel kind of dumb because um you're trying to predict what's going to happen next and no one can do that with 100 accuracy so you're always going to have days where you're like wow i really left a lot of money on the table today i can't believe it you know i i didn't even trade car so you know of course i'm sure there's people who traded it and lost on it and we always think well if i traded of course i would have made money you don't even think it's possible you could have lost because the sort of the way we are so biased but in fact of course you could have easily and i could be down i could be back to break even today if i'd gotten in this too high that spot i was looking at that dip around for 60 or whatever it was and then right into the halt down so uh selling half is one way that i uh pay myself and then hold the rest for a little bit of a bigger trade and when the market is really hot i will get more aggressive holding longer the market was pretty hot yesterday it was been pretty hot the last few weeks and certainly today it's really hot so i think we're in a pretty good market and i'll try to be um i'll try to be mindful to hold a couple of those a little longer and when we start seeing something that's clearly going parabolic like what we saw in rhe then that's the time to start giving it a little bit more space but it's it's only once they start to open up so there could be a lot of trading as it's starting to move higher and then when it starts to really open up that's when i'll say okay let's see what this thing can do but yeah so anyways um i think that's it for me i'm gonna um turn off um uh the broadcast and end the class i hope you guys have enjoyed it i hope this ends up being a popular video and it's certainly topical for today so in the market we're in so i hope it's um enjoyed and again just a you know kind of like preview of what's uh what it's like being a student in the classes and the the level of content a level of detail that we have this was a bit of a a breeze over that chapter i didn't go into as much depth as i would have in the classes and we did have more live trading examples but just gives you a little taste of what it's like so thanks again and i'll be back at it first thing tomorrow morning we'll be looking for breaking news we'll be looking for the next one that um catches uh some momentum all right i'll see you guys then bye everyone you