ANOTHER 250% Short Squeeze

What's up, everyone? All right, in
today's episode, I'm going to break down
my trades from the morning. I'm sitting
in the green thanks to one stock that
put in a huge move. This is a day where
our scanners are actually really
interesting because just before I logged
off and finished the day, I noticed that
our leading gainer was up about 200% and
the second leading gainer in the market
above 50 cents a share was only up 30%.
So, it was like a very steep drop-off
from the one most obvious stock and then
everything else was just seconds. Nobody
cared about it at all. And that, I
think, worked in our advantage today in
our favor because all attention was
focused on this one stock that was so
obvious. But, when that stock rolled
over, and it has rolled over, then what
do traders do? So, traders ended up
basically jumping to the next stock
down, which has now moved its way up to
being the leading gainer. So, the two
swapped places and it So, we really saw
this kind of like musical chairs where
everyone was focused on this stock and
everyone switched to focus on that
stock. As I finished the day here, I'm
in the green, as you'll see. Now,
actually, this is the uh the simulator
here, which I was just um demonstrating
uh for members. So, $14 loss in the
simulator. Um but, this is all
integrated into the Day Trade Dash
software for charting, scanning, news,
simulated trading, so you can practice
trading these new strategies you're
learning. And the reason I want you to
do that is because I don't want you to
put real money on the line until you can
go in to your daily performance and your
aptitudes and see that you are
consistently profitable. So, you know,
in the simulator where I'm just kind of,
you know, messing around, I just punch a
bunch of buttons, basically, and just
show people execution. I'm not trading
in the simulator to make money. So, my
accuracy is pretty poor. I'm red quite a
lot, and I shouldn't be trading with
real money if that was my strategy.
However, as you know, that's just for
simulating. That's just for testing
things out. For me, this is where I keep
my metrics of real money trading. And
this is Trade Review, and this is a look
back at the last Well, we could just
look at the last week or so. So, if we
look back here, you can see
um
kind of a little slow period until
yesterday had a $24,000 green day, and
today I'm up 18,000, as you could see
right there. I peaked at 29,000 on the
day, same as yesterday, and I gave back
about 11,000 off the top. I think I had
total of about five trades today. Let's
see, the first trade was a winner,
second trade was a winner, third trade
was a big loss, fourth trade was a small
loss. So, actually it's four trades, and
50% accuracy.
And yet, even with only 50% accuracy,
I'm doing really well because of my
profit to loss ratio. So, if we look at
detailed here, and we look just at
month-to-date, so this will be just this
month. So, we're just going to look at
the month of July. We're going to look
at our average winners and our average
losers. So, average winners are $6,200,
average losers are 1,300. So, even right
now, with dismally low 41% accuracy, I'm
up $50,000 on the month. Now, today,
with 50% accuracy, I have two more
trades, so it'll be a total of 14
winning trades, and
19 losing trades. So, you know, the
metrics will change slightly, but still,
accuracy has been a little bit poor.
However,
I've been cutting my losses quickly. And
so, if you cut your losses quickly, even
with poor accuracy, you can do really
well. It's all about the relationship
between the average winners and the
average losers. But, if we look at a
calendar here for the month of
July,
you know, I was hoping to get a stronger
start. And the reason was because on
Tuesday, June 30th, I was up something
like 77, 80,000 dollars. It was a really
solid green day. It was a great way to
finish the month. And then I thought,
all right, here we go. This is great.
We're going to have a great week here.
And then it really cooled off on
Wednesday and Thursday, and then the
market was closed on uh Friday the 3rd
for the 4th of July holiday weekend.
Coming back, I thought, "All right, you
know what though? I had such a strong
finish to June. It's a holiday week, but
we're going to come back first full week
of July, and we're going to crush it."
That's what I was thinking. But, we came
back on Monday, it's crickets. Tuesday,
not much better. Wednesday, no trades.
And then finally, yesterday, Thursday,
we had a stock that was squeezing. So,
yesterday we had some action. But, if
you recall yesterday, it was all focused
on that one stock. And everything else
was just, you know, seconds. No one
traded it.
Today was very similar. We had GMMM
squeezing up pre-market. And GMMM was
our leading gainer. Right now, it's up
115%,
but this morning, when it was first on
the scans, let's see, uh yesterday's
close, in this area we were up 170%. We
peaked at 250%
today. Uh and this was the leading
gainer by far, and the second leader,
the second leading gainer of stocks
above 50 cents, was only up 30%. So,
everyone was trading this one. I mean,
it currently has what? 100
106 million shares of volume, and the
others, no one was focused on. Now,
once GMM rolled over, attention switched
to
So, it was only when they had this
switch. So, musical chairs, right?
Everyone gave up on GMM. Look at the
drop. People gave up on GMM, it sold it
sells off sold off, and then they
switched to JZ XN. This one picks up.
So, people did a little trade. The thing
with GMM is that it made such a big move
pre-market, but it um unfortunately,
this move was also marked by a couple of
big false breakouts. As you can see
here, this one, this one. And I caught I
caught one of them
um myself. So,
why don't we break down the trades that
I took on it? Now, as you'll see right
now, in my small account, there are no
trades. Um
and I'm not going to do a small cap
small account recap today. However,
you'll see three canceled orders because
I tried to buy. I tried to buy and my
order I don't know. They just got They
didn't fill. And so, I have no I just
ended up having to cancel it. It didn't
fill. I don't know why. But this was at
$4.14.
So, and it was for about 3,700 shares.
So, I'll show you that trade in just a
second. All right. So,
uh So, yeah. First sat down this morning
and GMM was the leading gainer. Um now
it's Friday and my schedule today was a
little funny. So, I was helping um my
kids getting ready for um summer camp
and uh So, I I ended was running a
couple minutes late and so I missed this
first trade right here at 7:00 a.m.
Bummer. Now, would I have taken it? I
don't know. I mean, it's kind of funny
like you had this big move after hours,
pre-market extends higher to four, pulls
back. It's below VWAP, below VWAP, below
VWAP, and then it rips through VWAP
here. I probably would have taken a
micro pullback right in there. Let's
look at the 10-second chart.
So,
I'm going to move this forward.
Yeah, I probably I probably would have
bought right in here for a little dip
from 390 up to 420 and then 440.
Uh it wouldn't have been obviously a
home run, but it would have been a
decent trade. So, I would have bought
that micro pullback right in there.
Anyways, I missed that and by the time I
was sitting down, it was consolidating
here. However, when I looked at it at
that time, it already had a lot of
volume and it looked very thickly
traded. When I first pulled up the level
two, I was looking at the spreads and
they were very tight, even tighter than
they are right now. They were like a
1-cent spread. And and it was stacked on
the ask, stacked on the offer, stacked
on the bid. And so, I felt like, "Man, I
just don't know if this thing's really
going to be able to open up. I I kind of
feel like it it won't." So, I was
hesitating a bit. I was just watching it
um and it does end up breaking here from
402 to 444 and five. And I was like,
"Gosh darn it."
Well,
I don't know. I I guess I missed it, you
know. We'll wait for the next one. Drew
a blue line connecting the top of those
two candles, just like that. Little
ascending resistance trend line. It
comes down here and it comes back up. Do
I take this trade for the squeeze
through five? I don't because look down,
the MACD had flipped into the negative.
And so I said, "No, it pulled back a
little too much. The MACD flipped
negative. I'm not going to take that
trade."
So I don't take it. It pulls back a
little bit more. It goes under volume
weighted average price and it curls back
up right here. And that was the trade
that I took. I was looking at the break
of 444 and then the break of 453, the
high here, for a retest of five. And so
I punched that order, as you can see,
and I'm
I have no idea why the order didn't
fill. I mean, it says this one was
rejected for buying power, but this was
this was the one that should have
filled. So this one I pressed, it didn't
fill. Then I pressed it two more times
and it still didn't fill. I don't know.
I I just don't know.
So, it's disappointing, but um,
they say that's what it feels like to
get Schwabbed.
Um, to watch a stock go and your order
gets jumped for whatever reason. It
happened uh, a couple It's happened a
few times, but anyways, that happened
there. So
So we get this nice pop right there, but
small account doesn't get to benefit
from it. All right, so that's a bummer.
So then it pulls back, consolidates, it
pushes a little higher, pulls back, goes
sideways. And then we end up squeezing
here, as you can see, up to the high of
650.
So in this area here, I got interested
because what I was noticing, and I'll
show you on the 10-second chart, was
that we hit this high of five, then we
pull back, then we come back up. Uh,
then we Let's see, where is it? So
it was right here. We have this nice pop
right there. We come up to here and we
drop down. And I was wondering how low
it was going to drop. I wasn't really
sure. It ends up coming down here at
about 480, you know, pops up, pulls
back. And what ends up happening is we
kind of just have this
this sort of support level. Like it's
just kind of
it like it's not dying.
And so as I kind of watched it here
dipping down and then popping up and
dipping down, I was paying close
attention to the high of day, which was
right here around 538. So this tap broke
it, pulls back, tests it, pulls back.
And then when it curled up here, I
punched it right there in my big
account. And this gave us a squeeze from
540 up to 610. It pulls back, and then
right here I'm getting back in. We get a
squeeze up to 640, and then right here
I'm adding back. So first winner,
second winner,
loser.
So winner, winner, loser. And then
bought the dip down here and lost again,
but only that was a small It was a small
loss. So this is where I started to step
up to the plate and get aggressive, and
then it just didn't come together. And
when it curled back up here,
let's switch that over to
um
let's see, the 1-minute chart. The MACD,
as you can see, again was negative. And
this was very similar to the rejection
we'd had at five, so I was like, "Nope,
I can't do that." Then as we came closer
to the open, it was just pulling back
too much, and so I didn't get any more
trades on it. I did see JZXN
um hit the scanners with news this
morning. Um signs AI signs agreement and
cooperation agreement with AI
intelligent imaging um data platform
company blah blah blah blah. And I was
like, "Ah, I don't know. It's a Chinese
stock. We've seen these pops on it
before. It's a little cheaper. Not
sure." You know, daily chart, nothing
super concerning, uh but wasn't really
sure. It popped up to two, it then sold
off, as you can see right here, and then
it kind of comes back up again. So
yeah, I don't know. I just um that one I
just wasn't too sure about, and so I
didn't end up taking the trade on it. Uh
I'm going to just switch this to the
extended line from the ray. So, if you
put a little star next to the tool that
you like using, you'll get this little
sticky menu that you can use when you're
in like full screen mode. So, full
screen mode, then you can grab the the
ones that you want.
So, anyways, JZXN moved a little bit
higher. Now, yesterday after the closing
bell or well, yeah, it was after the
closing bell, we had JLHL that ended up
putting in a unbelievable move. So, this
one was just kind of grinding. Uh
grinding, grinding, grinding, and then
all of a sudden it goes schwing from $15
to $25 a share all the way up here to a
high of What was it? 30 30 $2.70?
That's unbelievable. It's a huge move.
Really impressive. Uh but then it ends
up coming back down. So, my guess is
there are some shorts that got trapped
and got squeezed out. Um I wondered if
we would see a short squeeze on GMM
because of the way it sort of just kept
not dying. Um you know, but
on the daily chart, the areas I was kind
of watching was that we had this window
from about 475 up to about 1173, the top
of this candle back here on um
June 9th. And then back here, we had a
sort of this gap that began right there
and then goes all the way up to here.
And so, anyways, there were a couple
interesting windows, um but it wasn't
able to fill them. So, in any event, I'm
finishing the day in the green. I'm
grateful for that, and I will live to
trade another day. I'll be back at it on
Monday morning, and so I hope you guys
all have a great weekend, and reminder
as always to take it slow, manage your
risk, and practice in the simulator
before putting real money on the line.