4 Stocks On Watch for Monday Morning! — Transcript

Full transcript

1. 0:00What's up everyone? All right, in
2. 0:02today's episode, I'm going to break down
3. 0:03my watch list for Monday morning and the
4. 0:05game plan for the week ahead. After a
5. 0:07max loss red day on Friday, where I gave
6. 0:10back three times my daily hot market
7. 0:12goal, daily hot market goal is 20 grand.
8. 0:15I was read $64,000.
9. 0:18I now have a little bit of work cut out
10. 0:20for me this week to try to get myself
11. 0:22back on track. And this is very familiar
12. 0:24because this is a repeat of exactly what
13. 0:26happened last week. Last Friday, the
14. 0:28Friday before, I was read $73,000. And
15. 0:31then on Monday, I came back with an
16. 0:33$84,000 green day, which was amazing. I
17. 0:37don't know that I could hope for
18. 0:38something like that again this Monday.
19. 0:41It's very unlikely. It really is. But if
20. 0:43I can keep my head down, we get a couple
21. 0:45good opportunities, I'll chip away at
22. 0:47this loss. And the best way to do it
23. 0:49initially is to build a cushion with
24. 0:51smaller share size. And once I've got a
25. 0:53cushion on the day, depending on how big
26. 0:55the cushion is, I'll keep trading until
27. 0:57that stock rolls over. And then once
28. 0:59that stock rolls over, then hands off,
29. 1:01take the profit, be grateful for it, and
30. 1:03come back and do it again the next day,
31. 1:05focusing primarily on trading the
32. 1:07leading gainers. But we've noticed that
33. 1:10when the leading gainer has made a big
34. 1:12move, so I'll give you a little example.
35. 1:14So, the leading gainer, let's say 4:00
36. 1:15a.m., makes a really big move and then
37. 1:19we come down and it's like 7 a.m. here
38. 1:21and it's on a pullback. Then sometimes
39. 1:24that number one leading gainer, the the
40. 1:26one in the top spot. Well, it's not
41. 1:28really set up very well, maybe for a
42. 1:30curl, but there's a number two or maybe
43. 1:32a number three leading gainer that has
44. 1:34just come out with breaking news kind of
45. 1:36like this did at 7 am and is really
46. 1:38squeezing. And that's where people are
47. 1:40going to focus. And when that happens,
48. 1:42this often kind of fades as the
49. 1:44attention shifts to I'll draw it in a
50. 1:46different color to the new stock. And so
51. 1:48then this one moves from, you know,
52. 1:50position three up to two and then
53. 1:52eventually could displace the leading
54. 1:54gainer. Uh and then when this one rolls
55. 1:56over, well then maybe all of a sudden
56. 1:58attention comes back and we end up
57. 2:00getting a curl on this one back to the
58. 2:01high. So traders definitely have this um
59. 2:06you know, kind of approach of a little
60. 2:08bit of hot potato. you know, jumping on
61. 2:10one stock, it looks good, and then the
62. 2:12second it doesn't look good, they're off
63. 2:13it, looking for the next one, the next
64. 2:15one looks good, they're jumping on that.
65. 2:16So, a lot of jumping around. And the
66. 2:19risk there for us certainly is that when
67. 2:22the market is like that, you have to be
68. 2:25really careful holding something that's
69. 2:26getting extended because if something
70. 2:28else pops up, all of a sudden, the
71. 2:30attention could shift quickly. That's
72. 2:32more likely to happen when they're
73. 2:33extended because shorts will sort of see
74. 2:35this as like, oh, here's the here's the
75. 2:37cue. something else is popping up.
76. 2:39Everyone's gonna abandon ship and so you
77. 2:42get that shift in sentiment. You'll I'm
78. 2:45sure you've noticed that, but if you
79. 2:46haven't, look out for it because you're
80. 2:48you're going to see it. It happens
81. 2:49pretty much every day. [snorts] All
82. 2:51right, so um obviously Friday was
83. 2:54disappointing. Um a fairly avoidable
84. 2:57loss. It really didn't need to be that
85. 2:59bad. It should have been just an $18,000
86. 3:01red day. Uh but I made matters worse by
87. 3:05um you know getting emotionally
88. 3:07compromised and continuing to trade in
89. 3:09frustration.
90. 3:11It's it's a mistake and that was that
91. 3:13was my own fault. So uh anyways now I've
92. 3:16got this draw down here and I've got to
93. 3:18work to recover it. But big picture here
94. 3:21last 90 days I'm I'm in a really good
95. 3:24spot. So I can tolerate um you know gosh
96. 3:27if I couldn't tolerate this kind of draw
97. 3:28down I don't know. I wouldn't be able to
98. 3:29keep trading at all. Uh, but I could
99. 3:31tolerate this. So, I just need to make
100. 3:33sure I get back on track on Monday
101. 3:34morning. So, um, so now is there
102. 3:37anything perhaps before we jump into the
103. 3:40watch list to learn from the last seven
104. 3:43days? Let's just say the last seven
105. 3:44days. Well, maybe let's go back a little
106. 3:46bit more. Let's do the last 10 days. Um,
107. 3:49this is just sort of, you know, the
108. 3:50month of August. Are there themes that
109. 3:51we can pick up on here? So, uh, for me
110. 3:56clearly, this is one of the worst, um,
111. 3:58things that you could see is that I have
112. 4:00an inverted profit to loss ratio because
113. 4:02I've taken like four or five huge losses
114. 4:05and my winners are 6,500, but my losers
115. 4:08are 8,400. Uh, that year to date, um,
116. 4:13well, let's see, we go just last year,
117. 4:15just for example. So, last year, my
118. 4:17average losers were $2,000. So, um, you
119. 4:20know, just during this little range
120. 4:21here, the last 30 days, my average
121. 4:24losers have gotten a lot bigger from,
122. 4:26you know, just this handful of, uh, big
123. 4:28losses. So, my accuracy has remained
124. 4:30pretty high, 68 70%, which is good, but
125. 4:34those big losses are certainly hurting
126. 4:35my my average. Fridays have been really
127. 4:37bad. [laughter]
128. 4:39Uh, don't know what to say about that.
129. 4:41Uh, but it's been really bad. Um, some
130. 4:44big losses there after uh 10:00 a.m.
131. 4:47something to pay attention to. Price and
132. 4:49volume.
133. 4:51Um, I don't think there's I think this
134. 4:54one for some reason this one just
135. 4:56doesn't seem to populate correctly. Um,
136. 4:58so anyways, I don't think there's
137. 4:59anything there instrument.
138. 5:02Uh, [sighs]
139. 5:04yeah, I mean I think more than anything
140. 5:07um, you know. So, well, let's look at a
141. 5:10couple of the stocks that I've lost
142. 5:11quite a bit on. So, DSY, STKH, and OFO.
143. 5:14So, DSY
144. 5:16was Chinese. Uh, STKH
145. 5:20was Israeli. Of was a US company. Nami
146. 5:26was a Chinese company. Some of my
147. 5:28biggest winners, Jwell, this one's
148. 5:30Chinese. YXT, that one's uh
149. 5:35Let's just double check that. Thought
150. 5:38that was Chinese also. Yep, that's
151. 5:40Chinese.
152. 5:41Um,
153. 5:43let's see. Then we've got CLRO, SCT.
154. 5:46Now, SCT was a US company. Socket. Um,
155. 5:50CLRO,
156. 5:52that one is a US company. HY FM, that
157. 5:56one's a US company. FRT,
158. 6:00Cal, Canadian, not California. RMCF,
159. 6:03that's a US company. XHG,
160. 6:07that one was Chinese. That was a bit of
161. 6:08a wild card. INLF, that one was Chinese.
162. 6:12WHG, that was Chinese. WTO, that was
163. 6:17Chinese. So, you know, if we just said,
164. 6:21"Oh, get rid of all the Chinese." Well,
165. 6:23you know, you'd get rid of a lot of the
166. 6:24winners, you know, and you'd get rid of
167. 6:26this one loser. The loser would be
168. 6:27great, but then you'd lose the winners
169. 6:28as well. Um, the stock that I've made
170. 6:30the most on in total was 61,000. The
171. 6:34stock I lost the most on was 52,000.
172. 6:38So, just some interesting insights
173. 6:39there. Chinese stocks continuing to
174. 6:42dominate um the uh the top gainer
175. 6:45scanner pretty much each day. Wetto on
176. 6:47Friday. And you know, I should have
177. 6:50finished up $26,000 on this one, but I
178. 6:52went back for it because became
179. 6:54emotionally compromised and made some
180. 6:56poor decisions. So anyways, um, so then
181. 7:00MDHXH,
182. 7:02MD, sorry, MDXH,
183. 7:05this one, uh, 32 million share float was
184. 7:08up on Friday, kind of rolled over. CAPR,
185. 7:10this one was easy to borrow. BNL, CAPR
186. 7:13is a US company. BNL, Malaysian, WTO,
187. 7:17this one was Chinese. Uh, HHS, this was
188. 7:20US. Okay. Um, we didn't end up having a
189. 7:24penny stock on Friday that did something
190. 7:26like XHG did. Um, this is something you
191. 7:29definitely want to keep your eyes open
192. 7:31for. Um, sub $1 stocks. So, they've got
193. 7:34to be below a dollar. Then they squeeze
194. 7:37and when they hold above a dollar, pay
195. 7:39attention because that was the move that
196. 7:41gave us this like nearly 18 well 16
197. 7:44point squeeze. It was the same kind of
198. 7:45thing that gave us a four-point squeeze
199. 7:47on socket. So, just pay attention to
200. 7:50those sub um $1 stocks if they can hold
201. 7:54over $1 a share. That's something
202. 7:56definitely pay attention to. The window
203. 7:58for this one was around 9:00 a.m. uh on
204. 8:00uh whatever that was, Tuesday,
205. 8:02Wednesday. Um XHG that made its big move
206. 8:06also a little bit later in the morning.
207. 8:07It was around uh 8:40 in the morning. So
208. 8:118:40 to 9 9:15 still uh a window where
209. 8:15we're seeing a lot of traders
210. 8:16participating and um a decent amount of
211. 8:19opportunity. So that was that one. Um
212. 8:22now for after hours top gainers from
213. 8:24Friday uh we didn't have anything that
214. 8:26was really big. Uh TRUG this one popped
215. 8:28up US company 1 million share float from
216. 8:31a dollar to $150. Um was technically
217. 8:34below a$1.90 just below a dollar. So,
218. 8:38ends up squeezing up here. Um, you know,
219. 8:42unfortunately, it's it's hard for me to
220. 8:44have high expectations. True golf. Um, I
221. 8:48just I don't I don't have any reason to
222. 8:51think that this is going to work really
223. 8:52well into Monday. Uh, it doesn't really
224. 8:54fit the theme or sector. Yes, it's a
225. 8:57lower float, but I don't know. I just
226. 8:59don't think it's the right one. Sky E if
227. 9:02it was Chinese and it was up a bit more
228. 9:04but 52% it's not bad but we've seen
229. 9:07we've seen better Sky E um this one 22
230. 9:11million share floats a little on the
231. 9:12higher side 63 cents uh 200 moving
232. 9:15average up there around a dollar
233. 9:16probably not going to work f this one's
234. 9:20again um got a lower float 2.6 6 million
235. 9:23shares. Um it, you know, it's not bad.
236. 9:27You've got this nice move here. Um but
237. 9:30you know, just looking at this, uh UBS
238. 9:32AG London branch ETN. I don't know. That
239. 9:36seems a little weird. Um
240. 9:38see what is this?
241. 9:43I'm not sure about that. Um
242. 9:49curious about where they are operating.
243. 9:54doesn't really look like.
244. 9:57We'll check one of the filings here.
245. 10:02Um,
246. 10:03Japan. Yeah.
247. 10:06Huh. So,
248. 10:09not totally sure about that one. Um,
249. 10:12but, you know, it's a nice price range
250. 10:14where you could potentially, if it opens
251. 10:16up, get 50 cents or a dollar a share.
252. 10:20daily chart. Let's see about this.
253. 10:24That's very interesting the way it's
254. 10:26just kind of kept like grinding higher
255. 10:28there. I'm g switch to a a bigger time
256. 10:31frame. Let's go to the one hour.
257. 10:36So, we had this move from back here that
258. 10:38I wanted to look at.
259. 10:40Popped up and came all the way back
260. 10:41down. Yeah, I sort of don't think it's
261. 10:44going to work. I just I don't know.
262. 10:45There's something about this. I'm not
263. 10:46really not too sure, but uh I could keep
264. 10:49it on watch. Xp, we've traded this one
265. 10:52before. Uh popped up here. High is five
266. 10:56daily chart definitely has some
267. 10:58potential if it can start to curl a
268. 11:00little bit more. Uh recent reverse split
269. 11:03volume on Friday was just from the after
270. 11:05hours move. So that's probably one that
271. 11:07closed fairly strong that I would
272. 11:09imagine traders might be watching
273. 11:13for Monday morning. So, I would put
274. 11:15let's see, we'll make a list here. So,
275. 11:18um
276. 11:19X P O N is on the watch list. Um you
277. 11:24know, maybe T R U G, but that's sort of
278. 11:28a maybe. Um F I E. You know, I'd watch
279. 11:32it, but I I don't really know. This one
280. 11:34so far is the one that looks the most
281. 11:36interesting. Um, even though the gap's
282. 11:39not huge, it's um, you can see it's got
283. 11:41nice range from 360 to five, then back
284. 11:44down here. So, a pop back up to five,
285. 11:46that's 50 cents a share. You know, with
286. 11:48a,000 shares, that could be 500 bucks.
287. 11:51So, that would be nice. IPS,
288. 11:55this one, um, a lower float here, US
289. 11:58company, daily chart, a curl setup. I
290. 12:02don't think that's too bad. So, I'll put
291. 12:04that on here. IPST. The only issue is
292. 12:07that um none of these are Chinese, which
293. 12:10uh again just in the current theme and
294. 12:14market, it's been more the Chinese
295. 12:15stocks that give us the big surprise 2
296. 12:17three 400% moves.
297. 12:19Wetto up little after hours and then
298. 12:22these ones are all relatively uh smaller
299. 12:25gappers. So yeah, I think that um the
300. 12:29name of the game each morning is
301. 12:31watching the top gainer scanner, asking
302. 12:33yourself what is obvious and looking at
303. 12:35the top, you know, three or four, top
304. 12:37five, just to see, you know, okay, maybe
305. 12:40Wetto's a little extended, we can't
306. 12:42trade it here, so let it pull back.
307. 12:43Maybe something else in the two or three
308. 12:45spot is moving a little faster. That
309. 12:47could be the one to watch. Then when
310. 12:49that rolls over, maybe attention goes
311. 12:51back to the second best. So, you got to
312. 12:53kind of look at the scan and ask which
313. 12:54of these right now is the best looking
314. 12:56stock that most other traders are going
315. 12:58to look at and think, "Yeah, this is the
316. 12:59one I want to trade." Cuz that's the one
317. 13:01that's going to be the cleanest. That's
318. 13:02the one that's going to have the most
319. 13:03volume and that's where you'll have the
320. 13:04liquidity to get in and out of it
321. 13:06relatively easily. So, I'll be streaming
322. 13:09as always tomorrow morning, 7 a.m.,
323. 13:11right? So, make sure you guys, if you
324. 13:12haven't already checked out a twoe
325. 13:13trial, the link is pinned at the top of
326. 13:14the comments and in the description. You
327. 13:16can join me watching over my shoulder as
328. 13:18I'm trading. And you can also use this
329. 13:20same exact software here for charting,
330. 13:21scanning, and breaking news. You'll be
331. 13:23able to open it um in your browser. So
332. 13:25whether you're on a Mac or a PC, doesn't
333. 13:27matter. Um you can load it and adjust it
334. 13:31as you'd like. You'll have your own
335. 13:32installation of it. So basically, this
336. 13:34is the same thing that I'm using every
337. 13:36day for charting, scanning, breaking
338. 13:37news, and it's where we have our chat
339. 13:39room and my live audio video broadcast.
340. 13:41So I hope you guys check it out. Hope to
341. 13:42see you in the chat room tomorrow
342. 13:44morning. But I'll remind you as always
343. 13:45that trading is risky. My results aren't
344. 13:47typical, and there's no guarantee you'll
345. 13:48find success whether you trade with me
346. 13:50or you learn on your own. So, please
347. 13:52manage your risk by practicing in a
348. 13:54simulator before putting real money on
349. 13:57the line. With that, I'll see you guys
350. 13:59bright and early tomorrow morning.