I didn't see this coming...

AI Summary

Transcript

What's everyone? Well, I'm as surprised
as you are. We just had an 800% short
squeeze on the last day of July. It came
out of nowhere. In fact, I had fairly
low expectations for the morning today.
And a Friday, end of the month, you
know, I just I didn't think we were
going to get much. Yesterday was a
little tricky. We had that one stock
that was pretty obvious, but you know, I
I sort of fumbled it and UWE. It just it
wasn't as clean as I kind of hoped it
would be. And then this morning, well,
yesterday after hours we had CYCU that
kept squeezing higher. It was a penny
stock, but it ended up going up to about
$3 a share. The 200 moving average was
at 324. And so this morning it was sort
of going sideways. It was very thickly
traded. Huge stacks of buyers, even
bigger stacks of sellers, and I just
thought, "Is this the best we're going
to get?" It was up 68%. And I sort of
sort of figured, well, you know, may-
maybe that's the best we're going to get
and I'm
not going to get any trades on it. And
it is what it is. It's just going to be
a no trade day. So I was sitting 7:00,
7:30, 8:00, no trades. 8:15, you know,
just still sitting tight. Then all of a
sudden,
my power goes out. All right, so my
power goes out, all my computers shut
off, and I hear the generator kick on,
and I'm like, you know, "Gosh darn it.
Thank goodness I wasn't in a trade."
Now, I I used to always use laptops
specifically for this purpose, and I
have everything connected to an
uninterrupted power supply, but the not
not the big desktop computer. So my
internet didn't go out. My laptop over
here was fine, but the desktop went off.
So powered back up, and by the time it's
powered back up, I see FCUV hitting the
scanner and it's at $4.90 a share. And I
was like, "What did I just miss? This is
crazy." So I pull up the chart,
and uh by golly, this thing was on the
move. Uh I jumped in. And I chased it a
little bit. Um I got in actually, my
best entry was just under $6. That was
my first entry, just under $6. And it
squeezed up to seven, up to eight, and I
booked uh my profit on that very first
trade. So, I got in uh right in the
middle of that candle at six. I jumped
in, held on, we got the squeeze up to
eight, I was out, got out, got back in
right here for the break at eight, we
squeezed up to nine, up to 10, we pulled
back, and then last trade on this was
coming into the open right there for the
squeeze up to 11.50. I I then said I'm
done because this high volume red candle
to me was an indicator that we were not
going to push higher. And so, I'm
surprised but impressed that we were
able to push higher all the way to a
high of $17 a share, over 17, putting it
up at that time over 800% on the day.
Now, it's coming back down to earth a
little bit. Now, we're um at uh a halt
down at 11.77, but showing a resumption
quote of $10. Highly volatile stock, but
no doubt the leading gainer in the
entire market. I'm up $62,000
in my main account. I'm up $4,000 in the
small account. What a way to finish the
month. The only thing that could have
made this a little bit better, I
suppose,
is if I had some trades on Wednesday or
Thursday, so the small account would be
finishing the month at the highs. The
small account is still in a drawdown
from the $7,000 loss I took on Tuesday.
Um the big account's at all-time highs.
I had the loss on Tuesday, which you may
recall, I'll pull up my metrics here.
Uh this was my this was the month coming
into today. I was at $261,000
on the month. Um
you know, and then all of a sudden, this
is going to put me up to 320,000. So,
that was uh I wasn't expecting that, but
I'm grateful for it. Uh but this was the
month. Really nice, really nice, and
then choom,
$30,000 red day.
And then here, I was up $56,000 on the
day, and I gave back a lot of it and
finished at 22. Then here, I finished at
24, which was my high of day, but
because neither of those days I made as
much as I lost on this day, there was
still a bit of a feeling of, man, I
really got smoked on Tuesday.
So, two small days to make it back. All
right, well, they're not small, but you
know, you get the idea. Took It took a
little bit. And so, then anyways, I just
sort of thought, let's just kind of slow
down here for the end of the week. Maybe
it won't even get any trades at all. And
then, you know, boom, $60,000 green day.
That's going to be the biggest green day
of the month.
That's
just, you know, you
This is the thing, you just never know.
And this is why I show up every day,
because you never know when you're going
to get a stock that squeezes up 800%.
Why did this one work so well while
others during the week, you know, with
similar news, similar kind of setups,
similar, you know, floats, similar daily
charts, why did they not work? And this
is the thing that
sometimes you just won't know.
It and there's a certain element um
where, you know, we're subject a little
bit to just the whim of the market, you
know? What What are the dynamics of this
individual company? Does this individual
company need to raise money? Maybe they
do and they start selling right away and
that prevents them from going higher.
Maybe they don't, they don't sell, and
the stock keeps going up.
What about NUWE yesterday? That one just
kept running into sellers. Maybe they
were selling. You know, you you don't
know exactly. Are there insiders that
have been holding this thing for a long
time who want to get out? Are there
institutional investors who got in at
some point who want to get out? And on a
day when the stock's up 500%
on 40 50 million shares of volume or
more, it's a great opportunity to dump
those shares. So, when that is the case,
then we can see a lot of selling and it
essentially prevents the stock from
continuing higher.
And those variables are so specific to
the company um and a lot of them are
outside what we can actually see. Yes,
we can look at the filings, we can see
if they have a shelf registration, we
can see how much money they have, but
we're not we're not insiders, so we
don't know what they're thinking. We can
speculate, but we don't know. And then
another variable is the overall market.
So, uh someone was asking me, you know,
what about setting up some kind of like
trading bot where anytime a news
headline came out with like these words,
you just you know, initiate a trade. And
I said, well, you know, think about
that. Last year, the crypto treasury
strategy was working really well. Every
time we had a crypto treasury strategy
catalyst, the stock would rip up. And it
we got to a point where it was so
predictable, many of us were able to do
really well and make a lot of money on
it.
But eventually that stopped working. So,
you know, at at certain point you would
have begun incurring losses or noticed
the winners getting smaller and smaller
and smaller, and then needed to change
the algorithm. Now, this year there
hasn't been a clear headline that every
time we get it, your, you know, stock is
going to rip up 100%. It's been much
more hit or miss. In fact, we've had a
lot of stocks that have made big moves
without any news whatsoever. And this
headline here from 3:00 in the morning,
why did it why did the stock wait until,
you know, whatever time this was, 8:15,
8:20 to start squeezing up? I don't
know. We may never know. Some of you, if
you know, you'll tell me in the
comments. But, you know, this is one of
these things where sometimes we're just
kind of scratching our head at why this
one moved so cleanly and why others
failed. CYCU, this is the one that was
moving up but very thickly traded. Guess
what? They did a secondary offering.
Yeah, that makes sense. That explains
why it was so heavy, and naturally the
price has come back down. And UWE, you
know, this one, that's come back down.
Oh, guess what? A secondary offering.
I'm not surprised at all. We could see
it in the price action as it was moving
higher. It was clear as could be.
So, you know, today FCEV, maybe later in
the morning they're going to start
selling. Maybe they will. But, the
morning so far has been pretty solid.
Um so, you know, shorts might be also
just trading the inverse counter trend
tra- strategy of, you know, looking for
the reversal back down. This is looking
like, you know, a sort of a head and
shoulders pattern. So, you know, that
may end up being the case, but
that it pulls back. But, in any event,
uh we got some good opportunities today.
It was a bit of a surprise, but stepped
up to the plate, locked up some trades,
and I peaked at about $67,000,
and I'm at $62,000 now. So, I gave back
about five grand off the top. Um but,
I'm okay with that. I think that that
means that I uh probably squeezed about
as much as I could, and then knew to
step back before I gave back more. And
that's an important lesson to learn. So,
uh so, that's my recap for the day, but
let me remind you as always that trading
is risky. My results aren't typical, and
there's no guarantee you'll find success
whether you trade with me or you learn
on your own. So, please manage your risk
by always practicing in a simulator
before putting real money on the line.
All right, with that, I'll see you guys
back at it bright and early Monday
morning at 7:00 a.m.