+$2,306.80 Trading Leading Percentage Gainers

What's up everyone? All right, so in today's episode, I'm going to break down my trades from the morning. I'm sitting here in the green and this is finishing what has been the best week of the month. Thank goodness. $21,000 of profit on Monday. No trades on Tuesday. I didn't see anything I liked. I held discipline. $56,000 on Wednesday, $8,000 yesterday, and then another $2,300 today puts me up over $85,000 on the week. Nice. That makes a huge difference. So at this point, I'm sitting well, I'm I'm I'm in a green I'm green on the month, but as you know, I started the month going red $77,000 on the first like 3 days of the month. So this is recovered and I'm back to green, but I've still got about $75,000 to go before I'm at 150,000 on the month, which right now is kind of my cold market goal. So can I make another 75 grand next week? Well, time will tell. It's certainly possible. It only takes a couple of good trades and it's going to happen, but will we have stocks that have strong enough catalyst that will give us that kind of momentum? And that, well, we'll just have to wait to find out. So let's go ahead and jump on to the screen share and I'll start breaking down my trades from the morning. We'll begin by looking at LABT. I didn't trade this stock, but it was our leading gainer early this morning. This thing popped um you know, quite a lot from uh yesterday all the way up 145% this morning to a high of $12 and then it just gave back the whole move. Unbelievable. Really heavy selling. In fact, we've seen a bit of heavy selling on a few other stocks today. You know, I I think part of it is that it's Friday. We're at the end of the week. Uh typically companies put out good news earlier in the week so the market participants can respond to those news headlines. And later in the week, they're more inclined in fact to put out bad news hoping that people forget about it over the weekend. Uh so at 7:00 a.m., I didn't see anything I really liked. So I said I was going to be patient. I saw TRT um pushing a little bit higher. This one has been up for the last few days. It actually they had a secondary offering $10 offering announcement this morning and it's back down. And it's down 16%. It's not as bad as we've seen in other cases, but it is down a bit. But the first stock I ended up trading was ELPW. This stock is kind of interesting. It ended up being our most obvious stock for most of premarket. However, I didn't do well on it. Why not? Well, this is actually the same stock that was on the scanners just a couple days ago. This had popped up here after hours and continued I think from Tuesday to Wednesday, but sort of sold off and then surprisingly at the open squeezed up, but then sold off again. It's a Chinese company. You could see here the country code CN. It has no news this morning. And so when it suddenly popped up on the scanner at like 7:18 right here 7:16 at $2.95, I thought, "Okay, what's the catalyst?" I couldn't find a catalyst. I couldn't see a headline and so I didn't feel comfortable breaking the ice. It ends up going from three to four, then sells off back down to three. And right in there, look at the volume profile on this. So, it's sort of a, you know, pop and then a lot of selling. So, I didn't feel so good about that. It sells off and it comes back up. As it came back up right here, I was like, "Okay, maybe I'm, you know, MACD is positive, the volume is picking back up." And so I ended up getting in right around here at 3:85 and I was looking for it to break through four. But what ended up happening was we had a double top. Now, it's a little bit of an inverted head and shoulders pattern and and a double top is not totally surprising. I did manage my risk on it, but I thought because the volume was increasing so much and it was the most obvious stock at the moment that it would be able to break through that level and push higher. It wasn't able to do that. So, I ended up making just $92.82 on it. Not a lot of profit, obviously, but better than being deep red and I managed my risk. Now, after that rejection, I was disappointed. First trade of the day, breaking the ice, not a big winner. That's a bummer. There's a false breakout right there. Sells off a bit more. Then it comes back up again and I said, you know, I I don't think so. It became very thickly traded. Tons of sellers stacked up on the ask and I just said I just I don't think it's going to work. So, it ends up pushing here from four up to 419 and then rejecting back down. Sells off again. Then it comes back up again to that same level and that's when I started drawing Oops, sorry. That's when I started drawing some of these resistance lines like this one that you can see up here. So, I connected this candle right here, the top of that one with the top of this one. So, then I was able to project forward this potential ascending resistance here. I had another one drawn connecting it right here, which I thought might be, you know, again, potential resistance. And so, in any case, I thought if it could get above that level and hold, maybe we could have something to work with, but it it just wasn't able to. It was very choppy. So, I gave up. I said, you know what? It's just not happening. The stock is too heavy. There's too much selling. Whether it's the company selling, it's insiders, it's short sellers, I don't know, but it's not pulling away and I'm not going to try to anticipate breakouts on it anymore. So, I said, that's it. Unfortunately, it is the most obvious stock and I don't like it. So, where does that leave me? Well, it leaves me looking at the scanners and checking, you know, other stocks that pop up. SCNI goes from 50 cents to $1.30, back down, back up. No trades on that one, it's too cheap. KMRK, this one comes out with news, Hong Kong company sells off. Interestingly, they projected a 200% revenue surge to $60 million. Projecting a revenue surge is a little different than reporting earnings that were 200% higher. So, anyways, popped up for a second, didn't hold. Um by the way, yesterday ASTI, uh this is interesting. This stock um popped up briefly yesterday. And I thought this was interesting. So, this one goes from five up to 660 and then comes back down. Uh what was the headline? Buy recommendation issued on ASTI by HC Wainwright. Let's check that out. That's interesting. So, HC Wainwright issues a buy recommendation. So, telling you guys, you should buy this. It's a good stock. Um based on their analyst recommendation. All right. Well, I love the sound of that. Well, but wait a second. Wait a second. Actually, there's something about that that I don't know if I like. Um let me just go and double-check the filings. So, you go into BAM SCC, you go directly to the SEC website, um you check the filings, and you'll notice that they have a shelf registration, which gives them the right to sell more shares on the open market. And when you look in the details of that, lo and behold, HC Wainwright is the placement agent working with the company to sell shares on the open market. That certainly seems like a conflict of interest, that they could be putting out a buy rating at the same time that they're engaged with the company to sell shares. So, you know, look, it is what it is, uh but I saw that and I immediately thought, "No, I'm definitely not buying ASTI." So, I'm not going to pay much attention to that um to that buy rating. So, anyway, so it rolls over, no surprise there. Um and and KM RK, a similar headline that it's like you read the headline a little bit more closely and it's like, "You know what? I don't actually know about that." So, then SST hits the scanner. This one pops up um pops up, pulls back, pushes higher, dips, and then pops. Um no trades on this one. I was watching it just didn't really give me a setup I could work with. And then um NTIP hits the scanner. Uh this one had news. Pops up, sells off, comes back up, increasing volume. So, I jumped in it right here for the break through that high. And we got a squeeze on this up to about 275. So, I jumped in and out, locked up a little bit of profit on that. I was hoping it would hold up better. I was hoping this would become the obvious stock. But this one rolled over as well. So, then at that point this was what time? 8:35. I felt like, "All right. Now I've taken a couple trades. Neither of these have really worked out that well. Um maybe it's time that I just call it. And nothing else at the scanners that I liked. Yesterday, by the way, we did have SKLZ. This one was on the scanner, had a huge move yesterday. This one goes from $4 a share to $20. Unbelievable, huge move. So, you know, you guys who trade after the opening bell got some action yesterday. I don't know if you'll get that again today, but for me, I'm just going to wrap up the week here with, you know, the $2,300, $2,306.80. It's a smaller green day, but it just adds a little icing to the cake, and this week has been really nice. So, I needed it um after, you know, suffering this big drawdown at the beginning of the month. I actually thought there was a very um high probability that this for me was going to be a red month. So, I've now uh turned that around. I've gone from red on the month um back to green with, you know, a I mean, a pretty nice recovery all things considered. So, I you know, I'm I'm really thrilled. I'm I'm grateful to be, you know, back in the green here. And at this point, we look at the month of April and I was sitting at 61,000 on the month before yesterday's trade. So, I made 8,000 yesterday. So, that's 69,000 on the month plus 2,000 today. So, $71,000 on the month. All right. Well, 71,000 on the month, that's about half of what I made last month, 160. It's about half of what I made in February. So, can I make another 75 grand in the next four trading days so I can finish this month up around 150? Well, since I'm up 77, well, was up 77,000 not including yesterday and today, more like 87,000 this week. Anything's possible. It certainly is possible. It all depends on whether or not there's any companies that put out good catalysts over the next few days. And so, on the one hand, I would like to make $75,000 over the next, you know, four days so I could finish the month similarly to the last couple of months. But on the other hand, it doesn't really make that big of a difference because I know when there's good opportunities, I'll trade them aggressively. I'll make good money on them. And when there's not, well, I could be aggressive and if I am, I'll just lose money. So, you know, there's just a degree of powerlessness that we have. The market will give us what it gives us and if there's good opportunities, I'll have a great finish to the month. And if there's not, then this is more or less probably where I'll finish. And at the end of the day, it's only a few days in, you know, a you know, what for me is, you know, pretty much a lifelong career at this point. So, there's no sense in getting bent out of shape to finish the week or the month in any particular place because big picture it doesn't really matter. As long as you're generally making more than you're losing and you're moving in the right direction, I'd say you're doing pretty well. So, you know, this month I wasn't expecting the 77, 80,000 dollar drawdown, but recovered it and, you know, sitting now here, um, you know, plus 60,000, 61,000. Oh, no, so 69,000 on the month. So, yeah, I'd like to get up here. I'll get there whether it's in 4 days or it's, you know, 10 or 15 days. The market will decide. So, with that, I'll remind you guys as always that trading is risky and my results aren't typical. So, manage your risk, take it slow, and I'll see you guys back at it first thing Monday morning streaming at 7:00 a.m.