The Game Plan is Paying Off!

What's up, everyone? All right. Well, when I 
was getting dressed this morning and I picked   out this shirt, I said, "I need the green. I need 
it today." If there was ever a day I needed green,   it was today. It's my first trading day for the 
new month, April. I'm glad it's in the history   books because it was not a clean month for me. 
As many of you know, I started the month in the   first three days by going red $75,000. I spent the 
next three weeks of the month just recouping those   losses and finally finishing in the green, 
but it was the worst month of the year. So,   I was really hoping I could get May off to a good 
start. I did not take any trades on Friday. I took   the day off because I wasn't feeling well. 
So, today was my first day of the new month,   and I had said in my game plan episode yesterday 
that the focus was not taking a lot of trades,   taking trades on anything that was moving, 
taking lots of stabs at things. No,   the approach would be waiting for something that 
really meets all five pillars of stock selection,   waiting for a good setup, and then swinging hard. 
It doesn't mean I'm trying to hit a home run,   but I don't even want to swing at something 
that I don't feel like has the near certain   potential of at least giving me a base hit. And I 
got more than a base hit today. I'm up $46,96753. What a great way to start the new 
month, the new week. All right,   we're in good shape. So, let's go ahead 
and jump on the screen share and break   it down. CNSP is the stock that I 
traded. And this one squeezed from   $2 a share down here all the way to a high of 
nearly $11. As of right now, it is still up $314%. This is great. This is good momentum. It is no 
doubt the leading gainer in the market. is the   most obvious stock. And so when the leading 
gainer and the most obvious stock is also a   stock that fits within my five pillars of stock 
selection, that's when things get exciting. What   are those five pillars, you ask? Number one, 
price. I do the best between five and 10, but   between two and 20 is the big the range where I 
will focus. Two, number one is price. Number two,   uh needs to be up at least 10%, which this is, 
and of course, this is the leading gainer. Number   three, relative volume should be at least 5x. 
The relative volume on CNSP as of right now is,   let's see, go full screen on this. 28,000 times 
above average. Wow. So, I need 5x. This is 28,000   times. That's awesome. Um, number four, I always 
prefer a news catalyst. I can trade without it,   but I prefer it. This one had one, and it was 
a private placement, which is a good catalyst.   We'll talk about that in a minute. And then the 
float on this one is 731,000 shares. So a very   low float. Now these are my five pillars. However, 
there's also some things to be aware of. This is a   stock that is a biotech stock. All right, that's 
a little bit of a juice factor. You know, biotech   stocks can get extra attention in the market. 
Number two, it's a stock that's been beaten up   for a long time. It's been really oversold. So now 
finally, it's getting a bounce off the low. That's   a nice technical setup. you know, this all kind of 
came together today to be the perfect storm. Now,   granted, uh I mean, I had a $56,000 green day 
a couple weeks ago. This isn't like it's a,   you know, this isn't the biggest green day I've 
ever had. It's not the biggest green day of the   month. It's not even the biggest green day in the 
last, you know, two weeks, but it's a solid day.   And one of the issues that I had with this stock 
initially was that when it first started popping   up, it moved very quickly and on very light 
volume. And that could be dangerous. So here, look   at this. So it these candles look funny because 
of how quickly it went. So it goes from 250 down   here all the way up to a high of 340 up to 440, 
back down to 340. That's a dollar a share drop,   right? When you get a drop that big, that's scary. 
So you get that big squeeze then all the way up   to five, all the way up to 660, then back to 477. 
And so when I was seeing those swings right here,   I didn't take any trades. I said this is too 
risky. The total volume in this area 100,000   shares. So I was aware of the fact that this was 
definitely our leading gainer in the market. So   I was like all right leading gainer that's good. 
But I didn't feel comfortable taking a trade in   that area. I was just too nervous. I felt like the 
risk was too high. So it goes all the way up to   660. It drops back down here and then it starts 
to kind of curl right through here. So, you can   see how it sort of curls back up and then it pulls 
back and then it curls back up and then it pulls   back. I didn't actually break the ice on this. My 
first trade was at about $6.20 and let's see. My   first trade was right here. That was where I took 
my first trade. Just that little pop right there.   The way I was looking at this was all right, we'd 
already had this move, but it was on light volume.   We pulled back, sort of rising back up, right? So, 
I I kind of felt like, all right, I'm just going   to take this next little pullback right here. And 
that was the little pullback I traded. And that   first trade for me was a $2,000 winner. I jumped 
in with about 11,000 shares. I got about 20 cents   of profit out of it. So, $2,000 of profit. It 
pulls back. It comes back up. I add back here.   I'm adding for the breakthrough seven. We get 
squeeze all the way up to eight and boom. Now,   I'm up 15,000 on the day. It does a micro pullback 
and then it goes up to nine. Now, I'm up 25,000 on   the day right there. Wow. All right. That happened 
quick. Then it pulls back. It starts to roll over   and I think, "All right, maybe that's it." Then it 
dips down right here, as you could see. And I took   this as a double bottom. So, I bought this double 
bottom right here, and that gave me a bounce from   eight all the way up to almost $9 a share. 
That added an extra $15,000. And that put me   up 40 grand on the day. My next trade on it was um 
let's see, as we squeezed up to 11, which took a   few minutes. Um let's see. So, we'll go on to the 
one minute chart here. So, one minute chart, first   entry, second entry, um third entry on the double 
bottom dip. And then here, I got the next trade   as it pulled away right there, but only made about 
six or $7,000 on that final trade. So, I did have   100% accuracy on this one today. Winners only, 
no losers, which is good. I didn't take too many   trades. I mean, we've got one, two, three, four. 
It might have only been four trades. Let me just   go back and look. So, one, two, it's a little hard 
to tell because of scaling in and out. I have,   let's see, one, two, three, four, five, six areas 
where I was at. Seven areas where I was adding,   but some of those I was still inside a trade when 
I was adding. So, in any case, probably four or   five trades total and uh pulled some really nice 
profit out. Now, after this peak right here,   notice topping tail, topping tail, increasing 
volume. MACD goes negative. Then the MACD flips   right here. We get this second push higher on 
what ends up being sort of an inverted head   and shoulders pattern. Not perfect, but again, 
that topping tail, dips back down, flushes hard   right here. Not for any good reason. It just was a 
little extended, consolidates at VWAP, curls back   up, and I said, not really interested in trading 
it in this range. If we can break over 1082, I   like it for a move higher. But in this range, I'm 
not that interested. And it's still in that range.   So, could we break over this high and and start to 
open up and clear out? Maybe we could. But at this   point, unfortunately, now that the bell has rung, 
we have halt levels, we have stop orders, we have   market orders. And so, that's actually creating 
bigger swings, more volatility, and not in a way   that I feel that I can safely manage my risk. So, 
this is going to be one of those stocks where um   I did the best on the early side. Sometimes we'll 
have stocks on the early side where I don't do as   well and it's a little bit later in the move that 
they finally start to pull away. But for this one,   um my profit for me was really on the earlier side 
and now it's gotten a little bit more rangebound.   It's not continuing to grind higher. I mean, on 
the other hand, it's still holding up relatively   well. It's up 300 plus percent. So, it the longer 
it holds up, uh, you know, eventually shorts may   cover and you get that squeeze, but I I still 
think that the sort of instant gratification of   jumping in and out within, you know, five minutes 
and getting that huge move um is more appealing to   me than trying to time a possible maybe break 
through the high right in this area. Again,   I I it may end up working. And this is going to 
be one of those challenges where I have to remind   myself that it's not about making evos trade. It's 
about walking away with profit. Knowing the power   of knowing when to quit, when to walk away, this 
is a great book. Um, for those of you guys that   are interested in learning more about that topic. 
When it comes to trading, we all struggle with   knowing the right time to walk away. And many 
of us have good days and then we overtrade. we   give it all back and we regret that we didn't walk 
away sooner. Other times we don't walk away. Um,   other times we walk away too soon and then we 
see a stock run, you know, maybe this goes up to   $30 a share and I think, "Wow, I I'm a [ __ ] I 
can't believe I I stopped when I did. Why didn't   I keep trading it?" So, it's definitely possible 
as a trader to feel like you'll never win because   you can always judge yourself and say, "I could 
have, should have, would have." And so if you   create a system and you follow the rules of that 
system fairly consistently, right, you you know,   you walk away at the same time every day, you 
you know that if you have more than x number of   um you know, whatever losing trades that that's 
when you're going to that's when you're going   to stop. You know, the to me that makes a lot of 
sense. Um just to focus on having a set guideline,   a guard rail that this is when I walk away. it's 
three red trades, right? Or it's um you know, it's   after I've given back half my profit. And for me, 
I didn't need to give back half my profit today to   know that it had been about an hour since my last 
trade. And I thought, you know, I I think that   it feels like the market's kind of speaking to me 
that the opportunities are just thinning out and I   don't want to overtrade. So, I'll keep trading if 
it's grinding higher and if it stops going higher,   then I'm going to stop trading. And so that's 
kind of where I'm at here today. So I would say   this is a great start to the week, a great start 
to the month, and this approach that I have right   now of not trading anything at all unless I really 
like it is working well. So I'm going to continue   with this. And now I just have to be hopeful that 
there could be a stock every day that I like this   much. There probably won't be. Um it would be 
a phenomenal month if this were the case. But   uh but that's okay. uh even if I have a no trade 
day tomorrow, but then another great day on   Wednesday or Thursday, this could end up being a 
terrific week. And I think that's going to have be   how this becomes a great month. So, nice job for 
those of you guys that got a piece of CNSP. I'll   be back at it streaming first thing tomorrow 
morning at 7 a.m. So, reminder as always for   those you guys um who haven't already checked 
out a two-eek trial. During the twoe trial,   you can watch over my shoulder as I'm trading. You 
can see my position window. You can see my orders   window right here. So you could see exactly 
where I'm getting in, where I'm getting out.   And you have access to this software here 
so you can adjust your charts, your scans,   uh your news feed, and um you can actually have 
all of this with real-time market data. So make   sure you guys check out that twoe trial. I'll 
put links to a couple couple recent uploads   right here that you guys might enjoy for those 
you tuning in uh on YouTube. And I will see you   back at it tomorrow morning at 7 a.m. Reminder, 
as always, trading is risky and my results aren't   typical. So manage your risk, take it slow, and 
I'll see you guys first thing tomorrow morning.