What's up everyone? It's Thursday
morning. We're coming to the end of the
week. And in today's episode, I'm going
to break down the biggest gainers in the
market this morning. We've got a couple
stocks up over 100%, three as of right
now. I'm going to walk you through my
trades and we're going to talk about
some of the challenges that we faced
during this morning's trading session.
We had halts after the open. We had a
couple of offerings, not great. And we
were dealing with some really big candle
wicks, which is a little bit of an
unusual challenge. So this is what we
were seeing. A stock pops up, gives a
nice little move. Okay, that's fine.
Then it dips down, dips down, and then
first candle to make a new high. We, you
know, are jumping in. We're looking for
it to start to move. And all of a
sudden, you get a candle that for a
moment looks like this. Amazing,
beautiful, huge green candle. But these
are one minute candles. And by the end
of the one minute, a big seller has come
in and pushed the price all the way back
down. And so what does that mean? It
means the candle doesn't look like a big
green candle. Instead, that's the high.
That's the open. That's the close. So
that's the body of the candle and you
have a giant candle wick. And so
unfortunately, when you have a big
candle like candle wick like that, this
communicates bearish sentiment because
by the end of this one minute period,
the sellers were stronger. They brought
the price back down. And so what would
often happen, and we saw this several
times today, is then the price sells off
a little bit, but eventually it bases
out perhaps along the 9 moving average,
something like that. It starts to curl
back up. We start to move back up a
little bit and all of a sudden we get
another big candle just like that. But
once again, before the candle closes,
sellers bring it down and some of them
actually closed red. So it looks like
it's going to be a green candle, but it
completely reverses. So how do you deal
with these big topping tails? Well,
generally the right approach that I have
is to avoid stocks that are giving us
those big topping tails. It's not what I
want to do, but I generally find that
once a stock has shown a willingness to
put in those type of topping tails, it's
going to happen again. So, let's look at
Apus. This is our leading gainer in the
market this morning. We've obviously had
some big moves on it. I did trade it,
but I gave back most of my profit on it.
So, let's begin with the first few
candles of the day. So, this pops up
right here just after 8:30. So, we get
this initial squeeze as you can see
right here from 235 up to 320 and then
it sells off and is red on the day. So,
we don't like to see that. But then it
curls back up, breaks through 320 and
goes all the way up to 380. And that's
the candle wick right there. So, for
just a second it surges up to 380, but
then it comes right back down, right?
And then what do we do? We surge up
again to four. We go all the way to five
and this one ends up being red and we
flush back down. Now we've got these two
big candle wicks. And then we do it a
third time. And then right there we end
up popping up and rejecting. Then we end
up selling off a little bit right
through here. And so for me, one of the
challenges was how do I trade a stock
that has these big candle wicks? It's
hard to trust it. So we had this initial
pop. It sold off. It rallied back up. It
sold off. And so I decided to buy the
dip right here and this is my first
trade on AP US because after this flush
it rallied back up. So I thought flush
rally back up. So I got in on that dip
right there and I got a nice little
trade as it rallied back up. It dips
down, it pops back up, it dips down, it
comes back up and I decided to get back
in it right here thinking it was going
to finally break through the high and I
caught a rejection. That was
discouraging. But it does end up coming
back up as you can see here. Although
another topping tail, another topping
tail and then a double top up here at
seven. So this thing was really tricky.
It was heavy. There were lots of
sellers. Big rejection right here. And I
was holding during that rejection cuz I
was looking for the retest of the high
of day. Well, let's see. No, it was uh
uh no, I was looking I'm sorry. I was
looking for the break through the high
of day. So, the high was right here at 7
and I was in right here for the
breakthrough seven. We pop up in another
big candle wick. We flush down and I
said, I'm not selling. I'm adding adding
on the dip. It rallies back up. It sells
off again. I take my profit. Small
profit there. Sells off at the open.
Rallies up. And I bought on this little
micro pullback right there. And we got
this squeeze up. But I went from green
to red and then rallied back to green.
So my P&L much like yesterday. So if we
recall yesterday, oh we'll keep that.
That's the profile, the type of stocks
we want to keep an eye on. So if you
recall yesterday, my P&L went a little
bit like this. Up five grand, up 10
grand. I think it was up 15, and then
flushed in one trade to down 12,000 and
then rallied back up and finished up uh
9,900 yesterday. So that's where I
finished yesterday. Today was sort of
similar. I started up 2500 up 5,000 then
flushed to red 5,000. So now down on the
day and then rallied back up here to
plus what am I at right now? $2,99262.
So I don't not making a lot of progress
this week. So it was 10,000 on Monday,
13,000 on Tuesday. Yesterday was 9,000.
So 30, you know, 40 grand something like
that. 35 grand. I mean, I can't complain
too much, but uh this has been this
month has been a bit of a uh a tough
one. We just haven't seen really nice
clean moves. I mean, with the exception
of Reo and Jag X, but they occur at
unusual times and they're kind of a
one-hit wonder that aren't based around
what is a clear theme. In fact, I was
thinking about that yesterday. What was
the last really obvious theme that we
had where a stock put out that headline
and you were pretty confident it was
going to squeeze up at least 100%. The
last one that I could think of was the
crypto treasury strategy. Then I was
reminded that we did have some really
good AI catalyst. Okay. And then someone
said, "Well, what about SpaceX?" Well,
SpaceX, we only had a couple stocks that
put out headlines that were sort of
tying into SpaceX or, you know, lunar or
space data center, low low orbit data
center. So, that was kind of like a
fringe. We had a couple catalyst, but
only like two or three. In August, we
had a bunch of no news stocks that were
Chinese, but that's not an easy theme to
get dialed in on because what are you
going to buy every stock that has no
news? H that doesn't feel like that's
quite safe. Uh and it's it's not. So, um
it's been a little while since we had a
really solid theme that we could work
with and I cannot wait for the next one
to emerge. Um and you never know what
it'll be. It's it's going to be a
surprise. you know, it'll it won't be
something we were expecting, but um you
know, these types of stocks where you
know, you get a headline, okay, that's
fine. It rallies up, you know, it's
fine. But this one was just really
difficult to trade. That was the
personality and the character of this
particular stock. So, it is what it is.
We got the squeeze at the open and then
we ended up rolling over and selling off
and that was that. So, we also had GNLD,
GLND, Greenland Energy, grinding higher
though. This is not an easy one to day
trade because it's very thickly traded.
You're not going to scalp it and jump in
and jump out. You got to be willing to
get in, set your stop, and just let it
work. And if you could do that, you get
a nice move on it. But if you're trying
to jump in and jump out and manage your
risk, and not hold for very long, this
is not the right stock for that
strategy. So, no trades on GLND. Uh,
PFSA. This one ended up popping up
pre-market. We got a really nice squeeze
here. And you know, as it turned out, I
made more on this one than I made on uh
APUs, even though APUs actually went up
more. So, with this one right here, we
had our initial pop right there up to
450. We sell off, and then what do we
get right here? What pattern is that?
That's an inverted head and shoulders
pattern. So, you get the the pullback,
the drop, the recovery of VWAP, and then
the curl back to the high. Then, we dip
down. We try to break here, but we
double top at 450. We sell off. Then we
come back up right here looking for a
curl through through VWAP. It fails.
Doesn't happen. I took a small loss
right there at the open. We sell off. We
curl back up. Could we get back to the
high day of 452, 453? Nope. Couldn't do
it. Ended up selling off. So, just a
couple small trades on that. Only made
2,000 bucks on it. It's nothing that
exciting. APUS is now selling off a
little bit more. So, that one's not uh
looking so great at the moment. And then
now I'm trying to remember which one oh
gosh which one was it that had the
offering. So
I'm going to have to go back here on the
scanner. So we had so then so while I
look for the offering one we'll first
look at um Pmax. So Pax halts up uh
right after the open. It is a Chinese
stock with no news and it halts up at
$1.29. It resumes at 280. Unbelievable.
And then halts up a second time. Then it
resumes back down here at 2 and halts up
at 220. That's not good. Then it resumes
and halts down. Now it's bounced off of
like 160 and halted back up. This is
very difficult to trade. How do you
possibly manage your risk? You can't.
And this is the frustrating thing about
these halts, which were designed to
protect traders, is that they actually
make it so you're you're almost
completely gambling with some of these
stocks. You have no idea if you're in
the halt if it's going to open higher or
lower. Currently, HCWB is also halted.
halted up at 238 showing right now a
resumption HCWB of 320. Now having level
two market data with certain brokers
will give you access to the resumption
quote so you can see where it's going to
resume which is very helpful information
but uh if you have a broker like Think
or Swim, you won't get that data. So
there just resumed and it's dropping
down. Halt down's 250, halt up 374. So
right now we're in this little pullback.
Some traders might buy that dip for the
curl back over three. I think it's
risky. You're going to end up
potentially getting caught in another
halt. Or you have someone who was in
before the halt who dumps their shares.
The volume is predominantly on the sell
side. High volume red candles halt down
right there 250. It's pinning to the
halt down. So now it's halting down and
you basically got a round trip. So
that's a trap. That's a trap that that's
not a valid opportunity. There's nothing
there. And unfortunately, a lot of
traders are getting caught in these
traps for lack of I guess anything else
to trade, which is disappointing. So,
let's see. We had um so there were a
couple others that we had. APUs, YMAT,
this is another one that popped up
earlier today. Ends up popping up,
selling off, basically doing a round
trip, and then coming back up. DBGI does
the same kind of thing. Pops up, sells
off. It's very hard to trust. GCTK, this
is the one that had the offering. So,
was consolidating, began the move after
hours, sideways, and then flush drops
right there on the offering news. So, I
did expect a little bit of a bounce out
of the offering, and we did get a nice
bounce on it. I didn't take that because
I felt like that was a little bit too
much scraping the bottom of the barrel,
and I didn't feel like I was that
desperate to take a trade. So, today,
smallest green day so far of the week,
but hey, it's a green day. Can't
complain too much. Now, I did stream a
little bit longer today. gave um my
commentary through the opening range.
So, uploading this recap a bit later.
But for those of you guys that want to
learn a little bit more about what it's
like to be a trader like myself, to be a
momentum trader, what it's like to use
this software for charting, scanning,
breaking news, or what it's like to
listen to my live commentary, check out
the link to the twoe trial, which is
pinned at the top of the comments and
pinned or linked in the very top of the
description. With that, I'll remind you
guys as always that trading is risky and
my results aren't typical. So, please
manage your risk and always practice in
a simulator before putting real money on
the line. I'll see you guys back at it
bright and early streaming at 7 a.m.
tomorrow morning.