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LESSON07/22/2026 - JessB - My thought process on an active trading day
_Mentoring Sessions_ / Mentor Session Recordings · Jul 23, 2026 · 1h 3m 38s · 377 segments (nova-3) · 🎙 Jess Brooks
Speed:space play/pause · j/l ±5s · [ ] ±60s
0:00Alright. Welcome back to our class. Today is going to be a little bit different. I've been kinda waiting for a momentum type of day, and what we're gonna do is,
0:10you know, we're just gonna cover, you know, kinda what I'm looking for every day and what I'm looking at every day when I'm trading. I might take some live trades, but
0:20I'm not gonna force anything, right, just to just to take trades for a class. But if something presents itself, you know, we'll actively trade it. And, you know, the reason I wanted to do this
0:30is because I can talk about a lot of different strategies and and patterns and momentum and stuff like that, but kinda watching what I do live, I
0:39think, is a little bit more beneficial. You know, just like we watch Ross trade live. You know, it's there's it's one thing to kinda take
0:49away what, you know, what someone says to do or versus watching them active you know, actually do it. Right? It's like someone teach you telling you how to fish. Hey. You're
0:59gonna put the lure on. You're gonna do this. This. And you do it, and you just then you're not catching any fish. Versus watching someone do it,
1:09you kinda get a feel for, oh, okay. He's, you know, using this type of lure or he's, you know, he's going to this part of the the water, whatever it might be. And I I think it's
1:19super important to understand that because a lot of times everyone thinks I'm trading, like, every single pop, every single little move, you know, to make, I'm just at just about
1:29$12,000 today in profit. And and the truth is is that's not how it happen. That's not how it works at all. You know, it's
1:39it's a lot of offense, defense, aggressive, you know, not aggressive, stuff like that. It's, and there's a very fine balance between
1:49doing all that. So, hopefully, you kind of find this class helpful. And for anyone watching this is this is getting
1:58recorded. So anyone watching this in the future, you know, it's it's been the same like this for for many years. This is how I've been doing it for many years. The only kind of adjustment I think I have
2:08made is I'm actually trading less. That's really the only adjustment that I've I've made. Something to kinda keep in note
2:18too for this, I am using Schwab, and it can be a little bit tricky trading these bigger moves. Right? Because
2:28let's be honest, by the time the order sends, the the trade might be over because they're moving so fast. So as always, I think Schwab
2:38is is a very beneficial broker, but I think you should have two. My the second one, I would almost recommend an offshore broker because then you can kinda
2:48leave you can leave minimal cash in it versus, you know, having a bigger broker and and leaving a bunch of cash over there and and stuff. You know? And they'll give you
2:58they'll give you a little bit higher leverage. I don't think this will resume here. It might. So you can see right now I would have no trade right now
3:08just because it's this is just it's just too much risk. Right? I got $12,000, you know, a stack of cash in my pocket right now. There's no need for me to gamble.
3:17Right? There's no need. If I was sitting here it looks like it's gonna go on another five minutes. If I was sitting here and I did see this, I might take, you know, a couple thousand
3:27shares here. So, that's kind of my approach and, you know, the the slower kind of mentality that
3:37I've I've now taken. My green days have been very consistent, very consistent green days, and so that's been super helpful. I
3:47think that a lot of new traders, what they do is they have a bit of an issue, you know, taking every little pop, every little
3:56dip, every little little bump ski, and it ends up costing them more fatigue mentally than it does
4:07reaping the reward of the right trade. So as we kinda wait for this, the main one for me was this
4:17LABT. So and and we'll cover this real quick because I do wanna cover everything that I'm doing. So rewind to
4:26we're gonna go way back. Let's rewind. Let's take. Let's go back a little bit. My thought for today when I when I sat
4:36down was I, you know, I saw these big moves happening. I'm like, you know what? It's it's kind of frustrating because they're happening they're happening
4:46midday. And I'm not, you know, I'm not really here midday and and late day stuff. I I I honestly, I'd rather be out doing something. I
4:56don't wanna sit here it sounds silly to some, but I don't wanna sit here and waste my life away, you know, in hopes I'm gonna catch, you know, the fix of
5:06trading a momentum stock, you know, at 04:30PM. You know? That that could be for some people. It's just not for me. So but, anyway, I've
5:16seen that we had those two, you know, over a thousand percent moves, and that that's a big that's a big move, especially two days in a row. No t
5:2612 halt, so that made it very interesting to me. I'm like, well, you know, it's showing it's got strength. It's showing that it's it's good, and there's no news
5:36on them. So what I do every single day is I take the prior day and maybe the prior week. So how was
5:46last week? Last week was a little slow. Right? Last week was a little slow. This week, it was slow, but, you know, it's heating up. Alright. So now we're kinda getting
5:56we're getting a picture. Alright. Slow but heating up. And what time of the day is it heating up at? Well, it's been either 4AM or
6:06what's the other time that we're seeing this stuff? Twelve, one, two, three. Right? I'm I'm not even here. I'm not sitting down here. Alright. Well, we're still getting big moves, so what that's gonna do is cause
6:16kinda some FOMO for people like me. Do I did I have FOMO? You bet I had FOMO, But I'm not going to act on that. What instead I'm going to do is
6:26know that it's there, recognize it. Sometimes they say in psychology, they say befriend it. Right? Because what you're doing is you're you're making friends,
6:36you're almost making amends with this feeling that you have. And with trading, there's a lot of feeling. There's a lot of style. There's a lot
6:45of, technique to just trading. Not and it's not just everyone gets confused with, you know, oh, it's this candle, so, you know, that should be it.
6:55Or, oh, it's this trend line, so that should be it. And that's not how trading works at all. If you see that stuff online, you know, you see all these these people on YouTube, they're like, oh, I'm I'm only
7:05trading trend lines. I made a million dollars trading these trend lines. I'm like, you know, give me a break. Because that's not it at all. There's a lot of feeling. There's a lot of fake out. There's a lot of manipulation,
7:15and it's in every single market. Manipulation being perfectly legal because these are algos. Right? The algo is doing nothing wrong, other than,
7:25you know, tricking the the unprepared. So my approach this morning was I was like, well, I'm gonna wait for something to kinda come along that
7:35looks pretty strong. So I did see LUBT pop up, and I actually I'm like, you know what? This looks like it could be the one. So I jump
7:45in sorry. This thing's all over the place. I jump in because it's currently moving. I jump in on the first little pop. It had very low volume, but it went from a
7:55dollar eighties all the way up to 2 forties. Right? That's a that's a big pop. So immediately, it was on the scanners, and I'm like, you know what? I'm gonna take a
8:04stab with, I believe it was 2 or 4,000 shares. It doesn't really matter the size, but I'm like, let me take
8:14a starter. Because if it of if it does surge to four, I have my starter at two, and then I can add and my my average will be much lower
8:24as it's squeezing higher. Right? It'll be like getting it'll be like getting a discount if I add up here. So I buy it. It stops me out. I'm like, you
8:34sturdy son of a gun. Of course, you're gonna fake me out today. The reason that I took that starter is I saw very quickly sorry. This is kind of
8:44annoying. I saw very quickly I'm using these charts because I want you guys to see my entries and exits. I saw very quickly that the daily chart had no recent
8:54volume. Right? It had a little bit of volume, but it it really had no room or range. So I'm like, isn't that interesting? If this thing does,
9:05you know, make this miracle move over this eights, you know, it's going to tens and twenties, there it's this is just what they do. Not that I'm going to guess it, it
9:15will, but it makes more sense to take a starter down at two than it does at six. Right? Whereas a lot of beginners, they're like, well, this is clearly surging
9:25up. Let me jump in at six. And that's that's the wrong approach. If you're taking your starter up, you know, near 300%, you're wrong. You should
9:35just go back to the simulator and reanalyze what you're doing, because that's not it. The reason that I can take a starter down here is I can
9:45kind of finesse the trade. Right? If it rolls over and stops me out, what am I losing? $500? Big deal. Right? Big deal. So what that now
9:54does is and that's exactly what happened. Took my starter, rolled over, lost $500. I'm like, no big deal or whatever it was. Five, six, even it was a thousand bucks. I'm not sure. I don't even
10:04remember. But the approach was, alright. Well, now that it rolled over, let me move on to the next one. And I left it up on my screen just to see how
10:14badly it rolled over because I wanna kinda get a good feeling for the day. And then all of a sudden, it dips and then pops right back up. I'm like, oh, see what's going on here.
10:24So I bought back, I believe it was 4,000 shares in here, and then it pops to 2 eighties. I'm like, alright. Game on.
10:34Pops to 2 eighties, pulls back, pulls back, pulls back. I missed my ad at 2 seventies because Schwab is is slow. I ended up adding
10:43at 3 twenties. I believe I had a total of 8,000 shares, and then I sold all right around 3 fifties. Right? And that was for like a I don't even know,
10:53maybe 4 where was it? 4 I think $4 or something like that. $5,000. And,
11:03you know, look at this. I'm like, You gotta be kidding me. Because this ad here, I was looking for this type of move, and it
11:13popped and then faded and it kinda fizzled. I'm like, oh, boy. Right? Make sure you're selling because it's looking like it's fading. Doesn't this thing take off?
11:23I missed my ad. It goes to $4.50 to five. And and and you know what? I can't. Unfortunately, I can't. I just can't buy up here. Because what will happen
11:33every single time without fail is Poppy will have 10,000 shares at $5. It'll push to $6.50 and then slam. And then it's lingering
11:43at $4.50. I'm like, oh, holy cow. Like, here here I am down $5,000 when I was up, you know, when I was just up, like, $12. And that happens very
11:53quick, on a commission free broker. So the trade off for commission free is, you know, yeah, I'm not getting these huge moves, but
12:02I'm getting some nice I'm getting some decent action, and it's kind of allowing me to wait for the better setup. Now this is when it gets a little tricky. So I
12:12was watching this kind of lingering here. I'm like, you know, this isn't it because if I buy this $5.40 area,
12:23what's my risk? And the risk is I get that rejection, it pushes down to $4.18. So then all of a sudden, it curls back up at five. I took
12:33I took pretty heavy size on this one. Where was that? See, it doesn't show me the full fill, but regardless, I think it was,
12:43like, 6,000. It wasn't that heavy, but it was pretty aggressive, 6,000 shares, and then sold into a small push because it's what happens is with these two buy
12:53and sell orders, it pops but it lingers. Right? When I wanna see these things pop and really push through, I want this. This is
13:03what I'm looking for in every trade I take. $3.66 to $7. That is what I'm looking for. I was not taking this trade for, you know,
13:1220¢, 10¢. I was not taking this trade for 20¢. I added so heavy because I thought this thing was gonna go straight to 8, and it did, but it faked me out first.
13:23A little unfortunate, but it happens. So that's what these cells are, and what I actually do
13:32is with my cells, I try to create this idea of my stops are profit stops. Right? Because even if the trade is wrong, I'll
13:42make, you know, a few $100 or something like that versus why, you know, why let it roll over like it did? If I let it roll over, it would have popped here, slammed back down to
13:52$4.40 from my $5.10 average, you know, and that would have been maybe a couple thousand dollar loss when I can just get back in. Now this is another one that got me. I
14:02added because I was like, alright. Well, it's gonna clear this 5 fifties, and if it does, you know, we're going to 7. I didn't know when or where that was going
14:12to happen, but my guess was it's it was going to happen, and I didn't wanna miss it. So I'm like, well, I could add back here, but I'm worried about another fake
14:22out. Let me let it clear. This one got me pretty good because this candle popped five fifties and I waited. I'm like, know what? Let me wait because it's
14:32gonna push through and then roll over. It pushes through all the way up to six and then then acts like it's gonna roll over and then starts holding. And then it's lingering, lingering,
14:41lingering, so I take my I take my starter there, 4,000 shares or something like that, and then it rolls over. I'm like, you you dumb son of a gun. Why'd you take that?
14:51Whatever. Stop out. And then all of a sudden, you know, I see it kinda lingering here. And
15:09shares. This was a heavy trade. 8 or 9,000 shares. Tried selling at 7 fifties, couldn't sell. Sold 2,000 at $7.13, and then sold
15:19the rest at $6.45. So you could see how much I was trying to sell all here up in the $7.30, $7.40 area. You could see how the
15:29broker kinda dropped the ball on that. Right? I'm not gonna sit here and say Schwab is great, and I'm but I'm not gonna sit here and say it's terrible because it's it's kinda got it's got its
15:38value for some, and it's working out for me. I mean, you know, $12,000 is a is a nice day. I I'm not, you know, I'm not gonna knock it, but,
15:48you know, this 12 could have been maybe 25 on a on a direct access broker. But then again, I might overtrade and and stuff like that.
15:58Something that I've noticed with commission free trading on Schwab versus direct access is when I'm firing off an order
16:08at I'm gonna pop this up over here. When I'm firing off an order at, Schwab, I'm going to get a really nice price
16:18improvement. A lot of these trades, no joke, some of them filled, like, 20¢ lower. I bought the ask, and it legit filled me 20¢ lower. I don't know if
16:28an algo picked it up or it waited as the stock flushed, but it picked it up 20¢ lower. I'm like, holy cow. That's insane. Whereas on OceanOne, Lightspeed, any
16:38of those direct access brokers, if I'm firing an order with an offset, I'm filling the top of my offset every single time. And
16:47so now what's happening is my price improvement let's just say let's just say I get 10¢. Let's just say I get 10¢ price improvement versus a 10¢
16:57offset for direct access. That's 20¢ every single trade, and that's including my sells. So my sells might be flat whereas my sells
17:07might be, you know, down 10¢ on the direct access broker. So that might be another 30¢. So with 10,000 shares, there's a $3,000 discrepancy
17:17on just a just a scalp trade maybe. And what I've been noticing is that I'm like, alright. Well, where's which one is better? And I've
17:27honestly I they both have their their their place. This stuff, I I just can't trade. If this thing
17:37opens at thirteen right now, I just can't trade it on this broker. I can't. I'll buy at thirteen. It'll flush to, like, ten, and there's no way this broker's gonna
17:47sell my position. No way. The only thing that would happen on a broker like this is or a situation like this is if I was buying a a technical pattern, $6.60
17:57sevens, and then I didn't sell. You know, then I'd be, you know, then I'd be in the driver's seat holding at eight, 9, 10, 11, 12, 13. Right? I could just I could easily just put
18:06our market sell up here, and my order will fill at thirteen if it resumes. That's, you know, that's how it works. So there's there's a time and a place to
18:16be on the offense, and there's a time and a place to be defense. Right? So with these types of trades, you just have to know what you can do
18:26and what you can't do. Right? For instance, I can take a dip if this resumes at 12:12 twenty and pushes a thirteen fifteen fourteen on a direct
18:36access broker. I can do that. I can't do it on, Schwab. I just can't because even with 2,000 shares whipping around
18:46four points, right, that that can be very costly and damaging to my p and l today. Right? So it's really kind of what
18:56I'm doing and what I've noticed trading on this broker. It's being very, I'm being very defensive, very defensive, protecting profits, stuff like that.
19:06Now what I've noticed is my consistency's been higher, but my p and l's been lower. Right? So just for
19:16instance, I think it was over a 100 k last month, and, you know, it got me thinking. I'm like, well, what would have that been if I was trading extremely aggressive on a direct
19:26access broker? Right? Would that be double? You know? So or would it would it be red? Would I not be trading the right way, and would I
19:36actually be red? Because maybe I'd be buying high and selling low and then re adding high and just being too aggressive. So you kinda have to ask yourself, you know, what
19:45personality you are in trying to approach these different brokers because you do have to treat them different. And I think, still my end
19:55result or my end answer to that is to have both. Because this is commission free. It's costing me a $170 a month, for DAS,
20:05and I can have a low balance. The problem is is I don't get leverage, so I'm I have to lock up, you know, $60.70 grand, you know, in this account
20:15just to actively day trade the way I want. Whereas if I'm on an offshore broker, whether it be CMEG, OceanOne, I can
20:25leave, you know, $2,000 and get 10 times leverage, eight times leverage, whatever they offer. They're always changing. But, you know, you can see the the validity behind that because now I can
20:35just leave, you know, dock maybe $4 in there. And then when when stuff like this is showing up, I'm like, alright. Game on. Let me hop over to the other broker and, you know, really see if I can push
20:45it. Because these candles are going from, you know, five to eight to 10 to 12. That's when you're really going to be able to capitalize on,
20:55you know, these huge moves. Unless, of course, you're just sitting here kinda glued and you're like, you know, I'm gonna buy the dip. I'll add up here. That's perfectly fine too. It's got the volume to do
21:04it, but just be mindful that your cells might be a little laggy. So my approach every single day was just to kinda sit
21:14and wait for that right setup. Now we had a lot of them kinda pop up. A lot of people were saying, you know, why aren't you trading ADVB? Well,
21:24I don't like these stocks that have this kind of historical pop fade, pop fade
21:34because I'm I'm not going to be the first one in. I'm not gonna be, you know, the Kool Aid man jumping through the, you know, the the wall, breaking through the door, you
21:44know, in a trade. It's everyone's already seen it. Everyone's already there. You know, it's like when you go to some boring event, you show up late, everyone's just like
21:54everyone looks like they're, like, beat. They're like, I just wanna leave. You know? That's what kinda trading one of these stocks is. Everyone's there. Everyone's no one's having a good time. And you show up
22:04and you're like, this is this is silly. I I just wanna leave. Like, it's usually I ask my wife. We as soon as we walk in, I'm like, alright. Can we leave yet? She's like, we just
22:14got here. She'll put a smile on your face. And I'm like, oh god. Like, here we go. I gotta put on this charade. But, you know, that's kinda how
22:23these these these stocks are. You're not going to get a lot of, you're not gonna get a lot of action out of this. You're gonna get beat up.
22:34So that's why when people focus on stocks like, ZCMD, right, it's a clear it's a clear mover. It's got this huge drop from a 140.
22:44It's curling. It doesn't have a ton of recent volume. I mean, there is recent volume here, but I believe they had a split. So, I mean, like, look at that. Like a direct access broker, I would have
22:54added it on that dip. Right? Because everyone's looking to buy in and get it, you know, get it. And I would wait for it to maybe start to hold or fade and then just, like, sell. Right?
23:03So say I bought at $9.70 and you tell it to sell at $10.70. Right? There's a point. That's a, you know, that's a lot of money. Whereas Schwab, I just, you know, if I
23:13buy here, it's gonna, like, pop and then just completely annihilate me, you know, down to, like, nines or something. So
23:23not to say that it can't work because it can, but you have to be mindful of that's that's kind of the odds of of what's going to happen.
23:34So what do I do on something like this? Well, we have 600%. We've been seeing you know, everyone right now is like, alright. This is gonna be the one that's supposed a thousand percent. So what I have to do is I have to trade,
23:44you know, very defensively right now. I cannot buy in here because if it rolls over, it's gonna halt down to eight. That's just end of story. That's what's gonna happen. But what I can
23:54do is I can wait for it to consolidate and give me something a little bit more clean like this. Right? It doesn't mean, you know, I I'm gonna miss a move.
24:03If it wants to go without me, that's fine. But something like this, I can, you know, maybe look to take a position if it wants to curl and push up till 12, you know,
24:13maybe till twelve eighty or something like that. But, you know alright. Now what would my what would my size be? Well, size would be much lower. Right? Because, well, I
24:23see these bottoming tails. MACD's open, but, you know, we have this kind of gap down here with a lot of room. Right? So what
24:33I usually do is I kinda wait for these to I wanna see it slam. I wanna see it get slammed. And then just like that, and then I wanna see it come back up. If it
24:43comes back up and looks like it's gonna push, right, that would be my cue to be like, alright. Now it's it's already faded. It's already got slammed. It's already got destroyed, and
24:53but it's holding. That's usually the go to pattern for me on these because if I was always looking for a breakout up here, you know, your
25:03risk is is all downside. We don't really know how much higher it can go, but the downside risk we can see. Right? So, you know, we can draw some levels
25:13out real quick as we have, you know, ten eighty eight, and I think that was the last one. These are all ones.
25:23Yeah. So that 1080 area is is very interesting. 1088. We'll call it 11. Just just for fun, we'll call it 11. Right? So what do I
25:33look at here? I wanna see this kind of just hold. I wanna see a hold. There's no rush. There's no rush. It goes off to the side. There we go.
25:44Alright. A lot of people wanna jump in. There's just no rush. Just trade the momentum that's in front of you. We have a big kind of topping tail rejection. Boom. On the
25:54five. I think it needs a lot of time, unfortunately. I think it needs more time than we'd think.
26:04So double top risk, usually, what I'll do is something like this, I'll take because it's already shown its rejection. It's
26:14already shown its recovery. It's already shown that it's attempted. Right? Double top risk up here is is a no go because you're essentially taking
26:24the trade at the high. Right? You don't wanna be doing that because the risk of rollover is just is just too much. Yeah. It could work. It could
26:33work. But are you willing to risk that, you know, two point drop? And the answer usually is no. But a lot of people don't say
26:45to themselves, alright. There's a lot of risk up here. You know, let me be careful. So since it's the only stock trending right now, we'll still keep it on watch just to see
26:55if it wants to create another pattern. You know, it had this kind of little goofy halt, resume, halt, resume. Right? It was just
27:05very strange. Very strange. I think if anything, it's going to take some time
27:15to kinda curl up to that level. Like I said, if there is a trade that I can show you, I'll I'll take it. Right now, this is just for
27:24educational kind of purposes of how I approach all this stuff. Just like it would be like a live
27:34trading class in the morning, same exact thing. I've had a couple, yeah, I've had a couple actual live trading days where I just fill in for Ross and premarket,
27:44but that it's kinda rare. Yeah. There is a
27:54DOS, ten second chart. It's it's a little goofy, but it it works. It works.
28:07Yeah. You know, I used to I used to feel pressured to, like, trade and stuff. And now now that I've grown old, I just you know, it is what it is. Every day is the same. You know, I
28:17don't celebrate for a win. I don't, you know, beat myself up for a loss. We'll see what this wants to do.
28:29So that level of 10, right around this ten eighty, so you can see how it dipped, dipped, and then broke through. Dip, recover, dipped, recover, then broke through. And
28:38it's and it's at that that kinda high mark. Because after ten eighty, ten eighty eight, I should say, I mean, we got it. It can go wherever it wants.
28:48Not that it's going to do that, but it can. I think a lot of traders right now, like, you know, 600,
28:58700%, good enough. It's close enough to a thousand percent. And it's silly, but we have to think in that that type of way because
29:08there's a lot of kinda guessing and and alright. Well, what is this gonna do? Where is it gonna go? A lot of prediction from,
29:18you know, millions of people. This thing's got 72,000,000 shares traded on it right now. I don't even know, where's the there should be
29:27a dollar volume today. There you go. $300,000,000. I
29:37mean, $300,000,000. That's insane. What's SNTI? You know, $2,900,000,000.
29:46LABT, $371,000,000. INM, $127,000,000. Two just under $200,000,000 and and
29:56$66,000,000. So
30:00changed hands in this, you know, that's like I'm sure someone somewhere, you know, probably made a million bucks on this. I'm sure someone has. You know, they're just not gonna show you. They're just not
30:10gonna, you know, be like, oh, yeah. Here I am. Change it to other deal. So but there is someone somewhere,
30:20probably the probably the insiders, that's up a million bucks or or more. So we have to understand that with
30:30these patterns and these stocks, there's a lot of money to be made. There's a lot of money to be lost, and that's why they'll forever
30:40kind of be this vehicle for, you know, obtaining large amounts of cash. Right? Like, if someone said, oh, you're gonna make $12 today, it it would almost feel
30:50illegal, wouldn't it? It feels illegal. I mean, how am I gonna make $12,000 in in an hour? There's no way. Had to pull some magic mic type of stuff, you know, go to the
30:59local local bar or something. And, you know, maybe maybe I'm not that good anymore. I'm being old. But, you know, if
31:09you told someone that, they'd be like, there's no way. There's absolutely no way. And with that, we have to understand that with that type of money for myself, think
31:19about the guys and girls that are out there or these companies that are out there that know how to really capitalize on this stuff. You know, they're making $1.02, $5.10, $1,520,000,000
31:29dollars they can make on this stuff. So where there's where there's a place to make that much money, you can bet that there's gonna be some serious price
31:39action. Right? So we're just still kinda waiting. We'll put some I don't really do so I know John always puts out some levels, which is pretty
31:49cool. So we can do this 10 88. I I don't usually draw these just because I I just remember them.
31:59So we have that ten eighty area. We have what looks like a little support. It's gotta be bouncing off of something. I don't know what this
32:09is bouncing off of, but it's bouncing off of something. You know? So we have this kind of support right here at $8.80. I mean, there's two points in this range.
32:19What I would say is now this has to kinda go this is just for, you know, educational purposes, I guess you could say. This is these aren't, like, hard
32:29levels or anything like that, but it's going to show how these like to chop around. And this is what I'm identifying technically in my brain. Right? This is what it looks like
32:39in my head. I don't actively draw them like this, but I just kinda visualize, you know, what it is. So we have these kind of channels. Right? So
32:50a move up to this channel will probably send us up to this channel. A move down to this channel is gonna send us back down to this area. Right? And these are going to be channels just based
33:00on, you know, price action. There's no reason that this should break nine eighties. There's no reason that it shouldn't break nine eighties, but what we do is
33:09then just act on what it's currently doing. Right? There you go. So now that it's
33:19pushing that level, you know, are we going to get a push through elevens? There's the 10 eighties. I would take this here if the HOT level wasn't ten ninety nine. I don't trust the HOT on this because
33:29the last one was flat. If the HOT level moves up and the stock pulls, watch, we'll then we'll kinda give it a a good a little look.
33:44Just kinda keep an eye on this. I wanna see the HOTH levels. So there's 11 forties. There's a little bit of a pullback. Still it's still too close for me.
33:58So we didn't technically hold this, the ten eighty level. We broke it, but we didn't get a hold. Right? So you wanna see a hold.
34:12A hold is key. So now if we break back down, it's nasty. See that? That's why you gotta be very careful to just jumping in. This is
34:22where people get smoked. Let it work out in your favor. It's not done yet. It's the stock's not done yet. It's just not ready right now.
34:35So say you make money, but you feel like you don't know what you're doing. You were right on the start of on ADVB and got in got to Green. So that that right there tells
34:45me an issue. You traded ADVB. The reason that I did not like that stock, it's up and it did move. But remember remember
34:54ADVB from yes or from a few days ago? It would pop, drop, pop, drop, pop, drop. And then finally, it cleared out just to roll over.
35:05So now you have to understand that if you're taking this trade or this stock, you're coming into this recent area where there's gonna be a ton of bag holders. People probably
35:15bought these dips. They're maybe shorting the highs. They're buying the lows. So anytime a stock does this with a recent history of a big move and then a big
35:24fade, we we're gonna run into that choppiness of, you know, what's you know, who's gonna sell here? We don't know.
35:34That's the reason why oftentimes you'll see us get really aggressive on stocks like this. I didn't trade this, but if I would have
35:44the reason would be the daily chart. Right? It it all to me starts with a daily chart. I sit down and I'll flip through anything that pops up. Let's just say, you know, GDC
35:54is on the high low hit list. Right? What's the daily chart? Daily chart's terrible. It's got too much recent volume. Can you see that? It's got too much recent volume back here. So if it
36:04does push, you know, through a a specific level, is it gonna be met with just endless sellers? Right? INLF.
36:14INLF was was a good candidate, but it kinda popped and sold off. And now what happens is when the sell
36:24off is that big, it kinda fits the same criteria of if this pops up because it it was on pretty high volume, you know, a couple
36:34million shares of on these candles. If it pops up, you know, are these people gonna be selling to break even? Are they you know, are the people that are buying the dips
36:44gonna sell because it's finally popped back up? So you want there's that fine line of of good historical volume, but not too much.
36:54Right? Too much is going to limit our outcome. So what I would say maybe you did wrong was you traded ADVB.
37:04LAVT was a good one, and ZCMD was a good one. ZCMD fit the the China theme for sure, the China crapper theme. Right? It had
37:14extreme range. They had to be super cautious and careful, but it worked. It worked. You know, all the way up to 800%, wherever it was. And it had that kind of low
37:24historical chart. I believe there's a split in here. I think that's why it shows this, a reverse split. So I don't think this volume is true at 35,000,000 shares. It it was probably
37:34only, like, 3,000,000 shares. So that's something to keep note of. Right? It's gonna show the volume, but it's gonna be exaggerated at that point.
37:46If you don't know what you're doing and you feel like it's more like gambling, is that a is that feeling explainable? You know, that was a really good question that you had, the whole series of questions.
37:56Yeah. If it feels like gambling, then what I would say you're doing is you're not reading the patterns correctly. There are some
38:06days that I'll legit I'll gamble, but it's it's maybe like one or two days a year where I'm just like, you know what?
38:16Full send. And it's usually a gamble placing a bet that I know what stocks are going to do in a in a market that's so hot that it
38:26it just kinda takes you away with it. Right? That's the gamble. I would say I I maybe do that one or two times a year, and it's in a market where
38:36we'll see like you'll see on the top the top gainers, you'll see like eight stocks up 500%. Four stocks up 500%. And you're like, what
38:45the heck? Like, this is crazy volume. This is crazy momentum. I can take a little bit of a gamble here. That's the only time it should feel like it. On days like
38:55today, there were a select few stocks that were working, and they were working out really well. I'm kinda bummed that I missed this. I'm actually really bummed that I missed it.
39:06I saw it when it was halted off. I'm like, oh, man. Like, I just missed that nice kind of curl squeeze pattern on the Chinese stock of the day, and I couldn't
39:16add up here. There would be gambling. I kinda missed it back here just because I didn't really trust it. And then once it was kinda pushing up to sevens from a dollar, I'm like, you know
39:26what? Probably best just to walk away. And you have to understand that that should be a lot
39:35of your answers when you're looking at these stocks is, you know, Nick will be like,
39:45I'm up, you know, I'm up $4. Do I push it here? Well, the risk that Nick would be taking would be 2,000 shares and a two point
39:54drop. Right? And you can get back to your whole day just like that. Like, boom. And you're like, son of a gun. Son of a gun. And you know, I'm just using you as just a silly example, but
40:05you can you get the the idea. Like, I could have been I could have taken 10,000 shares. I have $60,000 in my account. I could have taken 9,000 shares right here
40:16and really just crush this thing. But the risk of that is it pops up to sevens and then just slams and halts down at fives. Right? And
40:26that's a risk I was not willing to take. It's just a risk I'm not willing to take. Yes. It can go up without me. They'll continue to do so. But this time and this day and,
40:36you know, that point, it's just not the risk I'm gonna take. And you have to understand that when you're trading all these
40:45patterns, it's never the same trade, especially for me. It's never, I'm taking 10,000 here, 10,000 here, 10,000 here, 10 here, $10.10. No. I'm like, well,
40:55I'm, you know, working my way up to 8,000. Alright. Now I'm up $12. Alright. I'm doing pretty good. Now back off on size. I'll tell myself, Jess, back
41:04off on size. It's it's you know, you buy one of these these, you know, big Wick Energy stock these stocks, and it rolls over on you, and you're like, shit.
41:15And, you know, I'll swear to myself just like that. Like, oh, you dumped some of a gun. Like, you just kinda FOMOed into that. Right? And your fingers are on those hot keys, and
41:24it can happen very quick. So I think talking to yourself that that kind of internal dialogue is very helpful. Right? Alright. No. I don't like this.
41:34It looks like it might fade here. It might pop and roll over, and you you'll see it happen, and you're like, boom. Like and it will feel like you've just nailed that
41:44trade because you didn't take it. Like, I knew it was gonna roll over. I'm not gonna take it. It doesn't mean short it at all. Like, I don't I won't short these things, but
41:54you get the idea that, alright. Well, you've just kinda avoided that kinda it was a narrow escape, so to speak, and that's where you you'll find
42:04yourself, you know, on the winning side. So now it's like, alright. Well, I was right there. Let me see what it does when it rolls over. I'm not gonna take this because it's extended.
42:14And then you kinda build that you build that self confidence of knowing when to jump and knowing when to just sit and do nothing. Right?
42:24I want I want this thing to to break ten fifty to go to twelve, to go to 15, to go to a 100. I don't really care where goes. I hope it goes to a million. Right? I hope it just just
42:34goes straight up forever, but that's not the case. So I have to sit here and say, alright. Well, what is next? What could happen? What it looks like is happening is we're probably gonna come back up to this
42:44level eventually and then maybe break that area. Right? And it's really gonna catch everybody off guard. Right? That's kinda what it looks like to me, but we gotta stair step our way up to
42:53that. And just because I think that's what's going to happen doesn't mean that's what's going to happen, so I'm not going to take a trade on that. I'm just gonna put in my mindset
43:03that, alright. Well, if this does work up, then we have 10 eighties again. If 10 eighties holds, then we have 12 and and so on.
43:19Let's see. How would you fix someone's head? Well, you're not, you know, broken who trades who day trades well established large caps, so that person will
43:29start considering trading small caps, even unknown stocks such as it's such a huge problem for you. So it sounds like you're a large cap trader that wants to go
43:39into small caps because of obviously, because of the 700% moves. You cannot trade them like large caps. They're
43:48they're they're really their own their own game. I don't trade large caps because the action isn't fast enough for me. I love I I'm not gonna lie. I love the
43:58adrenaline of having, you know, 20,000 shares and watching a stock go, you know, two points. Right? I'm not gonna lie. I'm not gonna sit here and lie to you. I love the adrenaline. I love it.
44:08But just because I know it's there, I you know, you have to be be very careful on acting on that. So, you know, if you're looking to trade
44:18small cap stocks, number one is pretty easy. Focus on the leading percent gainer. Number two, avoid hi a day. Avoid these
44:27tops like this, extensions. Not so much hi a day breaks like this, but extensions. Right? Because those extensions are, you know, more times than
44:37not, you know, going to drop, at least temporarily. And number three, I would say
44:48let's see. For number three, I mean, I would avoid this stuff, that breakout chase
44:56because
45:08the pothole and the kettle black. So I will trade them, but what I do is I'm mindful of size on a break
45:17knowing that it might roll over. Right? So if I know the stock might roll over, I'm already ready to sell. Right? I'm I'm ready for it to be
45:27terrible. So I'm not, like, I'm not, like, convinced, and I don't have that conviction of, oh, I'm in here. It must go up. I'm like, alright. I'm in here. Let's see what it does. Because if it does
45:36nothing, I'm out. And I think that's a really good approach to have because it'll keep you out a lot of a lot of those kind of false kind of break
45:46patterns. High day break versus an extension. So there's an extension
45:55up here. Right? The stock just came off of six to eight to twelve. Right? That's a big extension. This is an extension. It curled up. If
46:05this curl this channel happened right under here, I would take this trade. But because it dipped so low and then took all that momentum to curl back up, it's gonna
46:15find its headwind, you know, much more likely at the high. See how it took this nice kind of inverse head and shoulder pattern and then really held up
46:25and kind of really propped itself up and then continued higher. The nice clean trades are going to be off of off of levels like that.
46:48Since the PDT rule change, you find, there are better opportunities during market open versus premarket. I don't really I honestly in the initial
46:58kinda change, I saw what they did with INHD is we had, like, that out of the gates explosion, and then they're like, you know what? We're not gonna let this
47:08happen. That's exactly why they halted INHD because they wanted to they wanted everyone, all these retail traders, they wanted them to know who was boss.
47:18Right? The exchange is the boss, and they wanted everyone to know that, so they halted a stock. And so now what that does is it creates this little fear in the back of your
47:28head or on your shoulder like, wait. This is up 700%. Is there that potential? And now think about that. Even if just 20% of people are like, even
47:3710% of people are just like, I don't know. Know, t 12 halt. I just can't risk that. That's a lot less momentum. Right? And there's a reason why it's
47:47still halted because they're trying to shove on who's boss. Remember that stock. Remember remember who's your poppy. And, you know, that's why
47:57they do that stuff. So I feel like the initial break was really strong, and then they're like, you know, everyone needs to pump their brakes. And then they kinda just, you know, laid the law
48:07down on on retail traders. So again, that's why I'm not trading the stock yet. It's
48:17just too choppy. If it ends up coming above this level and then really squeezing, there's a lot of shorts in this right now. 82,000,000 shares of volume. I would be
48:27waiting for it to hold this area, pull back, continue higher, and then squeeze. Yeah,
48:37Bryce. I did go over the LABT trade already. I don't wanna go over it again, just because it's being recorded.
48:46INLF, I did was it INLF? I did take a trade on, and this was so INLF was a small it was just like a a little thousand dollar gain.
48:57It was popping up, pulling back, and then looked like it was gonna continue through volume weighted average price. And this is when was it
49:06LABT was squeezing up. So I'm like, you know what? It might get that attention. Alright. No. It wasn't. I'm sorry. This is when ZCMD
49:16was moving up. So ZCMD was really squeezing. I'm like, you know what? It was a curl hiidate break. It might get that attention. Let me see if it works out. I
49:26took, you know, I think it was like 10,000 shares and then sold at 4 twenties and then sold at 4 fifties. It wasn't a really huge trade, but I
49:36think the idea was there, and I think that's why it did what it did is because there's a lot of traders been thinking like, alright. Well, if this does break five
49:45dollars, you know, then we get $5.50. Well, then if $5.50 happens, then we have $6.25. And if $6.25 happens, then guess what? We're going back to high day. And that's how traders
49:55think. Right? It could be down here and then like, well, you know, if if $4.04 20 comes in, you know, then of course it's five. And if five, of course it's six. And if
50:05six, high day. Let's see. So my stop losses how do I decide my stop losses? Well, I take trades
50:14normally in clear areas like this. I might even add small up here if it's kinda lingering. It looks like it's gonna break out,
50:25And that's usually how I decide my stop. If I buy here at $6.62 and it pulls back to $6.30, you know, that's
50:35clear stop, but I don't want it to do that. If it pops up and then lingers, I'm out. All my stops when I'm trading are either a profit stop or I try to stop
50:45breakeven. I don't need to wait for the stock to to roll over. A huge issue is that everyone will take a
50:54trade and this is how they do it. Let's just pretend that everyone let's just this is all fake. This is not real because this this one is not gonna happen. Let's just pretend this
51:04is going up and I'm like, alright. Well, eight fifty is the spot. I'll set my stop at $8.20. Right? You've just now you've just now priced yourself into a
51:13loss because you're waiting for the stock to roll over to finally stop you out versus saying, alright. Well, I'm in at $8.40. If this breaks
51:23$8.50 and lingers, I'm out. Right? It's breaking $8.50, but it's lingering. I'm selling. So, actually, you know what I can do is I can do it on
51:33actually, no. I don't have that available yet. I was say I can do a SIM trade just to show you, but regardless, we can just, you know, use our imaginations like little kids.
51:43So now that $8.70 five's holding, one could say, well, it's holding this this level here, so I'm gonna take my position at right here, $8.75. So you can
51:53see it populate eight seventy five. That would be our fake position. Now eight eighties. Eight seventy one, eight seventy. Is it rolling over yet? No. It's holding eight seventy five. If I get a
52:02slight rollover, I'd stop out right here at 64, seventies. Right? Oh, wait. It's moving back up to nine.
52:12Right? Well, if it's gonna hold nine, then maybe we might recover to 10. So I'll wait till it hits this eight. I'll click it when it hits nine where I'd run again. So there's
52:22nine. So the order would fill at nine. So I'm here at nine. I'm like, alright. Well, we're straddling nine. 09:06. There's 09:10. Maybe if it hits
52:3209:20, it might be in the driver's seat. Right? We're kind of we're still holding nine, so I don't need to stop out. Eight nineties. Nine.
52:44So holding nine, eight nineties. So I'd stop out right there to eight eighties. Right? So you don't need
52:54there would have been what? 8 eighties to 9. That's was it 10¢, 12¢ stop versus someone saying, well, I'm going to use $9 as my my
53:03level and then, you know, maybe I'll stop out at $8.50. And the problem with that is is they're waiting for the stock to hit that
53:13level but not identifying that they have wicks up here to just stop out at $8.80. Right? Why wait for it to hit $8.50? Why wait for it to hit, you know,
53:23rollover and then flush and then stop you out? If you find that you can just stop out immediately and take what would that be? Maybe a $100 loss on a thousand
53:33shares? That's nothing. Right? Because you could I can always get back in. If I'm always waiting for it to stop me out 40¢, 30¢ on a on a
53:43thousand shares, right, I'll be taking these $304,100 dollar losses every single trade until the trade works out for me to get back breakeven. That's usually where
53:52people go wrong because they take these paper cuts, paper cut, paper cut, but the paper cut isn't actually a paper paper cut. It's a gouge. Right? They'll get gouged. Right?
54:02Boom. August, August. They stop out only for it to come back up to 8 eighties. So that's why I don't use, like, an actual stop. I'll just
54:11buy, and then if it's lingering in that area, I'll stop out. Because I know that if it's lingering, it's clearly not going
54:21straight up. Right? It's just lingering. So then I have to be very careful with that. If it's not going up and it's a momentum stock, what is
54:31it gonna do? Most likely it's gonna fall. Right? So it's just like if you see this, $9.27, we'll click it if it gets that level. We'll take our starter or
54:41something like that just for fun. It's not real. It's just for fun because I I wouldn't trade this pattern.
54:54So with spreads, you end up at the highest price. Yeah. With spreads, have to be careful because especially with
55:04direct access, if I fired this order off, let's just say I clicked it at nine, but my offset was 10¢, I would fill at $9.10 every
55:14time. And that kinda gets frustrating because you get that pop to 09:10 and then it flushes to, like, back to 9. You're like, well, now I'm down 10¢. Now I have to be careful because if
55:24it does roll over, there goes another 20¢. That's where that's where a lot of traders are actually going wrong when they're in on the right path. Right? I
55:34would I would love to take this. Let's see. Let's just pretend $9.70 break. I think it's gonna break. We'll jump in at $9.60. 2,000 shares. Let's pretend. I think we push
55:44right through. Right? And then we'd sell as we get that push. Here we go. Let's sell at $9.75. Right? So there's like a small there would be like a small trade. Whereas a lot of traders, what they'll do is they'll
55:53wait. It hit a 20¢ target or a $10.15 cent target, and like, no. I want a little more. Let's see if we can go a little higher. And now all of a
56:03sudden, it's rolling over on them. And like, no. Just get me back to breakeven. Come on. Bounce a little bit. Get me back to breakeven. And then it rolls over a little bit more. And that's where that mismanagement happens very quickly.
56:14Right? If you can, you know, just stop out and get back in when you want, you're saving yourself so much money.
56:28So let me see. I just wanna see what this does because it is gearing up. We'll just kinda we'll go over for a little bit. I don't mind. I don't really have much to do right now, except for go I think we're gonna go to the beach, but
56:51This so I'm really happy this is helpful. I wasn't sure if if everyone's gonna take this class the right way or find it, boring. But this is yeah. I'm glad this is helpful
57:01because this this is what I do every day. So if you are if you're doing Lightspeed and stuff, you know, you gotta be careful,
57:10especially if you're trading I I personally, I don't it's not to knock it, but I don't like Lightspeed. It's just so expensive.
57:21So expensive. You know, I just need a com I don't care if it's an offshore broker, onshore broker. I just need I just need cheap
57:30commissions, very cheap commissions, and fast execution. You know, whether it be OceanOne, you know, there's Guardian. I don't even know. There's a lot of different brokers.
57:40But some of them are just too expensive for me. Right? And if I'm taking I traded, a
57:49147,000 shares today. Right? If if if I had that discrepancy of 30¢ on each, you know, share or trade,
57:59a 30¢ because of, you know, offsets and stuff, that's a lot of money. Even even if it was just 10¢, that's that's too much.
58:11I think international brokers are great. I don't mind them. The I believe the days are gone of, like, you know, a lot of these brokers popping up and, like, stealing money. It can
58:21happen, but it's happened actually more times in The US than it has on these offshore brokers. So I don't know. You know, it's just I think it's just this fear that people have. You know, look at
58:31FTX.
58:43So we'll hang out for a couple more minutes. If you see it currently support on 90 MA in the channel, is it smart to buy close to it? So that's that's the
58:53problem is just because this is grinding the nine, that's where a lot of traders get in trouble. They're like, well, it's grinding the nine, you know, and
59:03it's curling up. Let me take it. It could have worked and it would have worked, but what they'll do is they'll get caught in something like this that was holding the nine into a curl
59:12up, they take it and then add, and then it rolls over right through that level, right through all these levels, like, alright. Well, now I'm down four points.
59:33So ZCMD is obviously the one for today.
59:50And, you know, just to for the kind of before I close-up, if something like LABT say I took this starter and it rolled over and it didn't come
1:00:00back, right, I would just move on. Right? I would just move on. If it let's just say it popped back up to highs and then rolled over again. I'd be like, you know what? No big deal. I took
1:00:10my I took my chance. I I tried it. It didn't work. I think that's it's a that's a very important takeaway
1:00:19because I see people commenting all the time, and this is perfectly fine. They're like, well, I ain't seeing anything good today. I'm like, how I'm like, buddy,
1:00:29we've had, like, 3000% moves. Would you not see that? Like, what are you waiting for? I mean and when I see that, I'm like, the what they're
1:00:39actually trying to say is, I was too scared to trade. I didn't know how to manage my risk, and that's what they're saying. But instead, they're like, I just didn't see any good today.
1:00:49Alright. What that isn't you have to be honest with yourself. I saw a lot of good stocks, but, you know, I just couldn't manage my risk on them today. Look at ZCMD. Look at I didn't
1:00:59trade it. I just couldn't manage my risk on it. I was a little scared. I don't wanna give back my my day. So by saying that
1:01:08you're kind of open to that these moves are happening rather than saying this is dumb. I'm not going to trade it. Right? Because then you'll never trade the thousand percent
1:01:18moves. You just won't do it. So, you know, if it didn't work out on LAVT, I'd move on. Right? If it worked out even better, I would keep trading it. If it broke out above
1:01:28sevens and eights and nines and tens, I'd keep going. It's it's that it's an ebb and flow of riding the
1:01:37waves and not getting slammed by them. Right? So what that means
1:01:47is you see the waves are coming. You know it's a really kind of big moving day. It's surfing day. Right? So you see the waves. You're like, alright. I see them. They're getting they're pretty
1:01:57big. They're a little dangerous, but I can manage my risk on them by taking them to the right place and stuff like that. It's when you kinda chase the big one or, you know, get aggressive
1:02:07on the huge one. You're like, oh, no. Like, what have I done? You know, that's when that you're you know, you get caught and it and it really can slam you pretty hard. And that's what these candles are. So you have to
1:02:17be very mindful of chasing these candles. We'll always get another move. There will always be another stock. This thing's probably gonna end up squeezing. I don't know when or where,
1:02:27but if you look, it's kind of what is it doing? It looks like this pattern. Right? Pop, pop, new high, new high, new low, new low, then breaks out.
1:02:37Pop, pop, new high, new high, new low, new low, inverse head and shoulder, curl, and rip. Right? So that's you know, it almost seems stupid. It's so obvious, but that's what's happening.
1:02:48And by doing that and identifying that and reflecting on that, I think you'll find yourself in a much safer place with trading other than thinking that, oh, this is gonna go. This is gonna go. This is gonna
1:02:57go. This is gonna go. And then you look down and you're like, I'm down so much. I don't even know what to do now. So, hopefully, this class was helpful.
1:03:08I'm going to close-up here now that this thing's just kinda lingering. I might try to continue on the class if we get some nice moves, but I'm gonna close-up
1:03:18here just to not ramble too long. Hopefully, this was helpful helpful on my kind of recap on what I look for, how I actively trade. You know, noticing that the patience in sitting
1:03:27is a lot more helpful and useful than just chasing every single move there is. So that's going to be it for me, and I will catch you all next time.