What's up, everyone? All right, in
today's episode, I'm going to break
down my trades from the morning. There was only
one obvious stock during the pre-market session,
and it was the stock that was on my watch list
yesterday. It was the stock that was our leading
gainer after hours on Friday. B I Ya. Now,
it's a Chinese company. Well, technically,
it's a Cayman Islands holding company that has
their operations in China. It was up on no news,
which by default made me a little nervous about
it. But on the other hand, we've seen a number of
no news Chinese and Singapore foreign listed
securities that have made these huge moves.
So I didn't want to completely write it
off. My expectation was that because it
closed strong in after hours on Friday that it
would continue during the pre-market session.
And that was correct. So let's go ahead and jump
on the screen share and start breaking it down.
BYA is currently up 67% having pulled back a
little bit at the opening bell. But you can see
that if you took a trade on this right at 4:00
a.m., you certainly were able to do quite well.
It popped up at 4:00 a.m. on continuation from
after hours, then pulled back, pushed higher,
pulled back, popped up, pulled back, and then
squeezed right here at 7 a.m. I was watching it
at 7 a.m., considering taking that trade, but the
two topping tails had me a little nervous. I was,
and actually the third one right there on this
candle, I was afraid that it was going to pop up
and drop very quickly. So, it definitely squeezed
up a lot more than I was expecting right there.
But then this little pop was premature. It
rejected. I didn't take any of these trades
right through here. But I did finally punch it
right here. So, why did I take that trade? Well,
because it held up as well as it did through here.
It broke over the resistance. It came back down.
It retested it, proving that 684 was support. Then
it starts to curl back up here. And I thought,
where's the level? Where's the line in the sand
where if this price breaks, it's going to go?
And I thought, well, the high right there
was about, let's see, the high there was um
680. No, what was that? 7 um 756. Then the high
here of day was 775. And so I was kind of looking
at these areas here. And as it started to pop up
or pop up right there, let me jump on to the one
minute chart first and then we'll get into the
10-second chart. I felt like it was worth taking
a stab. So you can see right here we had had
this pop pulled back popped up this rejected it
dropped back down comes back up and then right
through here we end up breaking this level and
squeezing up here. So, it was right here at 750
that I took my starter. I added at 760, added
at 785. It squeezes up to 8, 8:15, 825. I take
a little profit, goes up to 830, it dips down.
I buy the dip. It pops back up for a second. It
drops back down. I sell the rest right around 8.
Then it pulls back. It comes up here. It rejects.
So, now we've got a almost 2 million share candle
here. We've got a topping tail. And this is kind
of the theme that it pops up, but doesn't hold
these levels. Then we were unable to break through
this 816 level. It made a couple attempts at it
and I said, you know, I'm just I'm not going
to mess around with this anymore. I feel like
the theme is too well established that every
time it pops up, you have a topping tail.
And that means that short sellers are going
to feel comfortable adding as it goes higher,
expecting that flush back down. So heavier
shorting, lighter volume volume on the buy side,
that's going to create smaller and smaller pops
until eventually it just rolls over immediately.
And that's what ended up happening. Now, if the
company actually had a good catalyst, that would
support more buying. But because there's not a
solid underlying catalyst to support the move, uh,
long bias traders are playing hot potato. We'll
trade it, but we don't want to hold it for very
long. And that's very typical. Hey, by the way,
you may have noticed I'm wearing my green shirt
today. That's right. This is my lucky green
shirt. In fact, if you tune in to the channel,
you know that I find that wearing green brings
good luck. And so, I wanted to find a way to wear
a green shirt every single day of the week. And I
figured it out just like this. Yes, it's true that
uh you can be superstitious uh and still end up
u being successful. I suppose uh my technique
is to outsmart the superstition just to stay one
step ahead of it. So, for instance, you can't walk
under a ladder. We all know that. Unless you're
holding a newspaper over your head. If you hold a
newspaper over your head, then that's that changes
everything. See, it it this is the thing. You got
to really get dialed in into what the superstition
is about. You're superstitious about walking under
a ladder. Why? Because you're worried that a
painter who's painting above you is going to
drip paint. It's going to fall on your head. And
that's bad luck. You hold the newspaper, you won't
get any paint on your head. There's no bad luck
involved. See, this is the way you have to look
at things. You can wear a green shirt every day
of the week as I am now. We've got green, green,
green, green, green. And I'll put the link in
the description if you guys want to check out
the green shirt. I would love someday to see one
of you guys walking down the street wearing your
own green shirt. And this, by the way, is my
own handwriting. I took a white paintbrush,
painted on a paper, and then we put it on a
t-shirt. It looks great, if I do say so myself.
So, with that, um, today actually ends up being
a $26,000 green day because I stepped up to the
plate with that one good trade. So, I had a big
entry there. I jumped in, I add to the position,
scaled into it, scaled out of it, and I ended up
having a total of three trades through this area.
Um, and it was one winner and then two losers,
but I was only up 26,000 at the most. So,
the first loser gave back some unrealized profit
by increasing my cost basis and I stopped out
break even. Uh, so I lost on the shares I
added. And then the second loser was when
I was buying this dip looking for the curl back
up. Um, I basically did two dip trades in here
before finally giving up and saying, "Nope,
that's it. It's not going to happen."
So, a total of three trades with only one winner
is 33% accuracy. But because the winner was so
much bigger than the losers, um that that worked.
So this was how we started the week. Um you know,
on the one hand, oh, and by the way, we had GVH
this morning that popped up and is now down 57%.
Yikes. That is a little scary. This actually
had news out too of um this expanded commercial
distribution to a platform with over 90
million registered users and the stock's down.
This is unbelievable. now 60% nearly 60%. I mean
this is just this is kind of insane. So from
the top of the move which was at $9 that was the
peak uh we're down like 70 almost 80%. Yikes. So
that's a reminder not to just hold these if it's
not working. I just get out. I cut the loss even
if it feels big at the time. I cut the loss and
I move on. So, uh, yeah, overall today, you know,
it was better just to focus on the one stock that
was the leader, the one that was obvious. That was
at least the safer of the options. And although
it didn't give me a bunch of opportunities,
I missed the first one at seven, but I got this
one right here. And that was enough for me to
hit uh 26 nearly $26,000, which is um five times
the daily goal, which is 5,000 a day. So, a solid
green day here. and I'll be back at it first
thing tomorrow morning, 7 a.m. So, those of you
guys that want to check out my twoe trial, link is
also posted in the description. And hopefully I'll
see you guys in the morning. Reminder, as always,
trading is risky and my results aren't typical.
So, manage your risk by practicing in a simulator
before you ever put real money on the line.