Day Trading Watch List for Monday!

What's up everyone? All right, in
today's episode, I'm going to break down
my day trading watch list for Monday
morning and the game plan for the week
ahead. Last week was a relatively quiet
week in the market for small cap
traders. We had some opportunities on
Monday, Tuesday, and Wednesday, but then
it cooled off on Thursday and Friday.
And in fact, as I was getting ready to
put together my watch list, I uploaded
and imported all my trades from last
week. And I was surprised and confused
to see that Friday was a red day cuz I
was saying to myself, I wasn't red on
Friday. What are you talking about?
There's something wrong with the
metrics. And then I looked more closely
and I remembered that, oh yeah, I was
red on Friday. And you know what? That's
exactly how you want to be. You want to
let it be water under the bridge.
Whether you're red or green, you put it
behind you and you move forward. So I
was reminded that actually I was red on
Friday. I' conveniently forgotten that,
which is um I guess had me feeling fine
this weekend. I I really completely put
it out of mind. But the thing is here, I
went red on Friday and I just stopped. I
didn't keep fighting it. I didn't push
hard. I just gave up, you know, I just
said, "Look, it's not happening and it
is what it is." And so, yeah, Friday was
a red day, but because I didn't become
emotionally compromised, I didn't
spiral, and it wasn't a deep draw down
like a couple of these red days back in
August right here, uh, it's easy to kind
of forget it. So, in any event, when we
look at the month of uh, September, it's
been a very, very difficult month for
for me personally. I'm sure there's
other traders maybe who have done
better. I was dealing with a little bit
of diver diverse um dispersed uh
attention. Uh I was diversifying my
attention and it didn't pay off because
I was focusing on my big account, my
small account. You know, it's just all
over the place. So, I had a number of
days where I was not trading in the big
account, focusing on the small account
challenge. And anyways, doesn't matter.
It's it is what it is. But, uh last week
was good at the beginning of the week
and then cooled off Thursday and Friday.
However, interestingly, on Friday, we
ended up having another one of these
Chinese stocks that squeezed up over
550%. Nearly 600% move here from the low
of about $2 all the way up to 4 6 8 10
12 pulls back, goes up to about 14 $13
after hours, and then it sells off
again. It's a Chinese stock with no
news. And so this has been really
challenging for me because in the past
when we've had a theme like the Bitcoin
treasury strategy for instance when a
company would come out with a headline
of a Bitcoin treasury strategy and it
was a big one like you know a billion
dollars we we were almost you know very
certain I was extremely confident that
the stock would go up at least 100%
often two 300% or more. Right now, every
Chinese stock that has no news that pops
up, I can't be confident it's going to
go up 2 3 400%. Yes, some of them are,
but others are popping up and then going
immediately right back down. Because
what do we know about many of these
Chinese small cap stocks? A number of
these Chinese small cap stocks have been
involved in WhatsApp and Telegram scam
groups where they send out a mass alert
telling all these people this is the
next big thing. There's news that's
coming. It's, you know, hush hush. Don't
tell anyone, but buy up as many shares
as you can afford. Meanwhile, as people
are buying, the insiders are dumping
shares. And so, the stocks will have a
short-term move up, but then they
immediately give it all back and then
some. So, when a stock starts popping up
with no clear headline and it's Chinese,
I'm skeptical. And yet, some of them
have given us big moves. It's just hard
for me to have the conviction to take
big size on every Chinese stock that
pops up. In fact, it would be a mistake
to do that. So, I didn't take any trades
on MSGY on Friday. It was an 800,000
share float with over 1,700 times above
average volume. I mean, it met the four
of the five pillars for stock selection,
but the fifth is a fresh news catalyst,
and it didn't meet that. Now, you can
see it did come up just shy of the 200
moving average on our daily chart. So
running into that level of um technical
resistance here, but you can see this is
a stock that has done these drops
before. Mhm. So I'm, you know, very
cautious on it. And you wouldn't blame
shorts for being aggressive thinking
this will reverse again. Um except that
we have had instances where stocks like
this halt up and then suddenly open
halts up at five and and opens at 10 and
it's up 100% in the halt. And as a short
seller, that's your worst nightmare
because there's nothing you could have
done to manage your risk. You're just
you're in in a halt going up and you get
a big gap up and you're stuck. So for
Monday, should we be continuing to watch
um Chinese small cap stocks? And I would
say generally speaking, I'm not super
interested in that, but um a couple of
uh the moves from last week. So we had a
1,00% move last week. It was on a stock
with a float of less than half a million
shares. It was a recent reverse split.
had a market cap of less than $5
million, which I think is important. It
did have news. It was priced between two
and 10, had very high relative volume,
and it wasn't a terrible history unlike
some of these others. So, I was kind of
thinking that, you know, we might get
some more uh reverse splits. That was on
Jagex, by the way, on Friday, or no,
sorry, uh not Friday, but it was on I
think it was Wednesday or Tuesday that
we got this big move um and it did have
news and we got this amazing squeeze. I
mean, this was unbelievable. This ended
up actually going from $3 all the way up
to $75 a share. It was like 2,000%. Just
incredible. So, $65 a share. In any
case, then we had Wheeler uh Real Estate
Investment Trust that popped up as well.
This one's a little harder to trust
though because you'll get the daily
chart and holy reverse split. They have
done more splits, reverse splits, than
I've ever seen. Well, probably Mullen
would be the only one that's maybe
worse. And they've been now delisted.
So, you know, I kind of was wondering if
that was going to be a theme, recent
reverse splits with a catalyst. That's a
theme that I can wrap my head around a
little bit better because you can see
it's a recent reverse split and then you
also see that it's got a fresh news
catalyst and when you have a theme of
that working, traders will be aggressive
on the next one and there's a catalyst
backing it. Uh, but unfortunately that
only gave us um, you know, those two
moves and then that was kind of it. So
also on Friday you can see GGY this one
lowerric stock squeezing up in the after
hour session. I am sure that traders
will be watching this going into Monday
morning early pre-market. It's a recent
IPO sold off hard now bouncing back up.
Has had a couple other days with high
volume. The candles finish red so I'm
not going to get married to it but it's
something to pay attention to. So we're
going to start building the watch list
here. So GYGY is on the list. Um, this
is a US company. It's got a float of 5.7
million shares and on Friday began the
squeeze. So, this is one that we should
definitely uh pay attention to on Monday
morning. All right. Now, I'll just click
on this for one second. I just want to
double check here. Um, Palo Alto. Okay,
that's fine. AI powered sports
performance technology company. So, AI
tech, that's the right sector to see uh
this kind of move. So, all right, that's
all fine. Okay, so we've got that one.
Um, we have MGLD.
This one was a buyout. See how the stock
is trading exactly sideways. When a
company is bought out, that's what
happens. Um, I could maybe grab a
screenshot of this for um just to use as
a case study at some point just to show
people what this look. This is a
particularly compelling example of a
buyout. So, why would a stock trade
exactly sideways? Company's been bought
out. Their value has been determined.
there's no more speculating on what it
might be worth in the future. So, that
one's off the off the radar. Uh INLF,
this is one that began the move after
hours on Thursday, continued into
Friday. Uh not interested in trading
those types of continuation setups in
this market. There's other markets where
those work better, but right now I'm not
into it. So, GYGY was the top gainer in
the after hours session and CLRO was the
second um top gain or the second leading
gainer in the afterhour session. CLRO
also has a very low float as you can see
here. Less than a million shares,
squeezed up, pulled back. It's a US
company. Um, we have traded this one
before with mixed results. There's times
where it's worked well, but uh that
hasn't always been the case. So, the way
I would look at this is the daily chart
is uh hard to ignore and you see this
big move up and then sells off and then
comes back up and then sells off. So, if
it comes back up again, I would just
expect that it won't hold up very long.
So, I would even look at this descending
resistance level. That's an
approximation, but if I get my drawing
tool out here, trend limp mark. Um, so
we're going to have resistance up around
$10 almost certainly. And yet, though,
at $5, that still could go up another
100%. So, I would put it on the list.
Um, these are not necessarily five out
of five in terms of um pillars of stock
selection, but they're worth
consideration. And the float on this one
was 893,000 shares. So this is a quite
quite a bit of a lower float here than
uh GYGY. And I think that's significant.
You know, you've got a lower float with
the same amount of demand, same amount
of shares. This one's going to move
more. Both have 10 million shares of
volume. That's demand, but one has a 1
million share float. The other has,
let's round up to 8 million shares.
Well, I would expect this to go up 10
times as much because same demand, less
supply. So this is the supply and then
the demand would be in the volume. All
right. So, we'll keep an eye on CLRO.
Uh, these are good opportunities for
those of you guys that are up early like
4:00 a.m. 56 a.m. by 7:00 a.m. Whether
or not they're still in play is another
question. So, as I sit down tomorrow
morning around 7:00 a.m., 6:45 7 what
I'm going to be looking at is this top
gainer scanner right here to see what is
leading in terms of the momentum. And
then I check on the stock. I look at the
float. I look at the price. I check the
relative volume. I check to see the
country of origin and if there's any
catalyst. And then once I've done all of
that, I begin actually deciding, well,
you know, is the daily chart decent? Is
there 200 moving average resistance? And
if that's all fine, then I'm looking for
my specific entry on the intraday time
frame and usually looking at the one
minute chart. So, this is where I start
looking for pullback patterns. And if we
look back at MS uh GY here, you had
pullback, pullback, pullback, pullback,
rallied up into the halt. Then you get a
dip, a little bit of a pop. Then it kind
of goes sideways, pulls back a little
bit, dips down for a while. Then we
start to base out here, flatlining,
curling up a little bit into after
hours, but not pulling away, and then
suddenly that rip back up, little
pullback, and a squeeze. And I always
find it interesting when the move to the
new high is on lighter volume than the
initial breakout. That's a divergence.
Increasing price, declining volume.
Typically, that says to me that this
will not sustain these levels and it did
end up unwinding. Nonetheless, the one
minute chart is where I'm typically
looking for those entries. And for those
of you guys who have been tuning in on
YouTube, if you would like to watch over
my shoulder as I'm trading, you should
check out our twoe trial. It's a a
two-eek trial that gives you access to
this same software right here for
charting, scanning, and breaking news.
and also give you access to my broadcast
and a selection of my course material
classes from the courses so you can
learn a little bit more about the
strategy that I'm trading every single
day. It's a m a momentum based strategy
where I'm looking for stocks that are
already moving and look to jump on a
pullback to benefit from the trend
continuing higher. So that's the game
plan for Monday morning. We've got gyro
MSGY. I don't think that's really going
to be in play. I mean, I I could be
wrong and if it does start to curl, I'd
be looking back towards 1273, but we
know the 200 is not too far away. It's
up at 15. So, that just be aware of that
nearby resistance level. So, I'll remind
you as always that trading is risky. My
results aren't typical. And of course,
there's no guarantee you'll find success
whether you trade with me or you learn
on your own. So, please manage your
risk. Take it slow. And I'll see you
back here streaming from members of
Warrior Trading at least tomorrow
morning at 7