RED on a Stock Up 150% transcript

well we made it to the end of a short holiday week and this was a really slow week of trading but I'm happy with how it finished and we're going to break it down in today's recap by the way for those of you guys tuning in if you have not already checked out a two-e trial at Warrior trading for 20 bucks there is a link down in the description that you can click on to join the trial you can join it today because you'll still have two weeks doesn't matter you you'll either way you'll still have the same number of trading days but you could study over the weekend because the twoe trial includes access to some of my class so you can get yourself ready for Monday morning all right now this week ultimately was a slower week and it's not surprising because it's a 4-day week with the Memorial Day holiday on Monday the thing is these holiday weeks a lot of the sort of whales in the market the big money in the market they take long weekends they take the whole week off and so that reduces the liquidity and the volume in the market during these times and then it's the Traders like us who are in the trenches trading every single day ultimately who suffer because there's not as much volatility there's not as much liquidity and so it's harder to make money and I definitely found that to be the case this week however um if we look at the week in uh in whole uh let's see so we uh let's see well this is my p&l here for the last um 90 days as you could see right here so you know kind of grinding up slow and steady pulling away a little bit dipping down pulling away dipping down anyways it's pretty slow and steady which is good calendar for the month of May not including today uh holiday on Monday no trades on Tuesday my first no trade day of the month I didn't see anything I liked so that's kind of a bummer I don't like having no trade days not just because I'm sitting here feeling like I'm not being productive and you know wasting my time but also it just it speaks to the slowness of the market but then Wednesday green Thursday green and today locking up $1,457 in 57 so kind of averaging you know $1,500 a day you know more or less um here this week which is kind of interesting similar days um and it's going to put me up like $4,500 on the week so not a home run compared well none of these are home run weeks but not a home run but you know helps move the month up just a little over 40,000 in uh gross profit in net profit sorry gross profit before fees and commissions uh for May is going to be what 40 45,000 47,000 so uh so that's you know that's that's okay but um so a nice green month you know kind of just like a not a not a big month but not a bad month just sort of an average month 40,000 decent okay so can't complain about that now when I sat down this morning well first of all I saw LPA and I was like what is going on with this this is crazy LPA uh is is currently halted it keeps halting but it has no liquidity what I mean is that you couldn't get in and out even if you wanted to so look at this um this is a little screenshot that I grabbed earlier which I'm going to add to the classes this crazy spread so I'll just make this a little bit bigger so you could just see it better let's see oh whatever um it doesn't really matter so anyways the spread is um 387 on the bid and 47 3 on the offer and it was a halt down on the bid a halt up on the offer which is absolutely insane so I don't even know what to think about it but anyways I saw that this had made a big move yesterday and I was like well that's cool but is it Chinese and it's it's not but um suspicious and honestly this is the type of stock that could get halted by The Exchange so even just buying like one or two or 10 shares is like a lotto ticket like who knows maybe it goes to 1,000 bucks unfortunately it could also go back to zero so no no trades on something like that for me there's just way too much risk and because it's halted um and it's a AMX listed stock we can't see the resumption prices so we have no idea what it's uh currently quoting for a resumption it could resume at 300 it could resume at 600 we don't know and and that makes it sort of difficult as well because it's hard to sort of visualize and read the sentiment uh so so there was that we also had smmt yesterday which um kind of squeezed up here from 6 up to 12 but flied a little higher 82 million shares um ended up pulling back a bit this morning I did trade it and I'll go over my trade that I took on that and we had nvos which was a leading gapper this morning I'm actually readed on this one this was kind of typical cheap penny stock choppiness sort of like watching paint dry just not easy to trade at all okay so where should we start well um we'll start with the first trade that I took today which was on smmt so smmt I sat down around 7 and there was nothing nothing at 7:30 for news nothing at 8 nothing at 8:30 and then coming up to 9:00 a.m.

I'm like man this might be a no trade day and then smmt right here all of a sudden squeezes from 8 up to 850 to 9 950 to 10 and I'm thinking wow look at this thing all right well shoot I got to consider it so as it's squeezing higher I pull up my 10-second chart I started to get dialed in and I noticed uh this micro pullback right here okay so we got a micro pullback right here which you can see plain as day micro pull back it pops up for a second and it drops right down I was like I don't know about that it pulls back and then it came up here and as it held this High I got in right here so I only participated in sort of the top of this move um and and as it turns out I I didn't buy a big position because I knew I was getting in a little extended up here so it goes up to 980 into 10 at 10 uh we saw that there was like a I don't know 10 20,000 share seller so it dips down it gets back over 10 and then right here I was like oh we're holding 10 so I added and then it drops back down so I was green and then gave back my profit on this to the point that I was up only $128 net so basically flat might might as well just be break even on this one it ends up pulling back no additional trades on it didn't give any other setups on the one minute you'll see um oh and here's um so here's our current spread on LPA it's a 30 point just a casual 30 point spread um it's it's really kind of unreal so anyways that just resumed there and oh halted again I don't I don't even know which way that halted was it down or up but I guess it was I guess it was up it opened low and then halted up anyways doesn't matter so let's see um so smmt the macd crossed over as you could see right here and at that point it just started stair stepping down and going lower so yeah that was it on that one um next trade of the day for me was on um nvos nvos breaks over a dollar a share and I thought all right if it's breaking over a dollar and it can hold over a dollar I'll go long so that was right here stopped out for a $50 loss whatever doesn't matter it ends up going red to Green resuming I got back in right up here it dips down I was looking for that red to Green move and it hits a high here but I wasn't really up enough like it was just I was like you know there's it like down 8 cents up 8 cents anyways it came back down I sold for a loss ended up coming back up but only down $227 on it so at that point coming into the open um well before this trade I was up like $50 on the day and I was thinking all right we're coming into the open I'm up 50 bucks I might as well just stop here right I mean this we really have nothing looking good so I said let's be cautious well NN uh ends up hitting the scans and let's see so this one's kind of unreal if you'll get this drop but uh we saw it pre-market and this was at about $99.50 and I was like yeah no it's not a bad idea at 950 it's a blue sky setup so then all of a sudden it at the open starts squeezing up right here and I jumped on I was like look at this here we go so I actually got in um right inside this green candle and I sold inside this green candle I got in and I got out I it was a a scalp trade I got in for the break at 10 I took profits it hit 1050 and 1079 it looked like it was going to Halt up but I just pressed the hot key and took some profit and then It reversed back down and I was like well you know what I'm I'm glad I took my profit ends up going sideways for a while and then it sells off even more so you know it's just today was one of those days where if you weren't quick there wasn't much there there wasn't much to to get um I see some other Traders still watching BN AI um some people talking about LPA you know you've got some stuff moving vcnx I saw this one halt up I said nope I'm not touching it um especially after NN rejected I was like you know what that's it guys I'm I'm not going to go for anything else here today it's it's just too risky so you know I mean I I was hoping that we would have a really nice strong day I was hoping but I wasn't expecting it because here's the deal it's the end of the week it's a holiday week it's a Friday we usually don't get great headlines on Fridays now there's always the potential for a wild card a stock that goes crazy everyone starts trading it because those of us who are here in the trenches trench showing up every single day are looking for something to trade so if something does start squeezing and nothing else looks good then everyone kind of focuses on that stock so we can get a wild card move on Friday I suppose LPA could be considered that but it doesn't even have any volume so it's no one's trading it it's just way too risky and the rest of these you know bnvs swi things are hitting the scans but nothing is really catching a bid and pulling away so we're just kind of like you know just sort of stalling out now we look at the overall market and this also paints a little bit of a picture of what we've been dealing with this week overall Market's pulling back a little bit you know I mean look this is this is trading this is sort of the EB and the flow so the Market's always sort of moving around and you know when we're in a nice long bull market like this You' think we would do really well but realistically those that six-month period was okay it wasn't exceptional you know it was just okay um you know March for me was a tough month which was you know right in in this area and the market was still going up April was a great month Market was dropping May was a decent month but nothing special and the market was strong you know so I don't know how much it really uh has an effect at the end of the day but uh but the overall Market is pulling back a little bit so we're you know a little extended here pulling back off those highs and that's something to be um you know I guess aware of but yeah I think uh and then looking at Nvidia Nvidia Nvidia um pulling back a little bit here so yeah no surprise there foxo another penny stock but yeah I don't know I think that overall um momentum today is probably going to slow down going into the close but you never know you might get a wild card stock that gives you a nice surprise but I I don't think I would I'm not going to stick around for it here on Friday I'm going to go enjoy the rest of the day get outside and um I hope you guys have a great weekend and I'll see you back here bright and early on uh Monday morning of course I'll be live streaming for warrior Pro members there's no plans for me to live stream on YouTube uh anymore at this point I know some of you guys have had questions of is the morning show going to come back it's not instead what I'm doing our my recaps and I'm doing educational videos but I'm only streaming for warrior Pro members I I just really felt like my broadc and my commentary real time is sort of one of the most valuable aspects of what we have at Warrior trading that community and giving that Away on YouTube doesn't really make sense so hope you guys understand uh but as always you can tune in here you can learn a lot from the Recaps a lot from the educational episodes and I hope you really enjoy them and hey if you want to come check out the community we'd love to have you all right so that's it for me and I'll remind you as always that trading is risky my results aren't typical so manage your risk take it slow and I'll see you back here on Monday