Time for patience! -Swing Trading School first hour or so-

good morning

good morning guys

wait itc see the canopy stopped now

didn't this used to be a crypto stock

no never mind never mind this yeah this

has always been a cannabis stock

oh yeah no back here it was a crypto

pump back in early 2017

all right

um i had 3 000 shares of tesla

yesterday at the close i covered 2 000

of them

on the split news but i'm still

short a thousand shares and

yeah i'll talk a little bit more about

tesla later

good morning

good morning to everyone except the

people who trade real money

any opinion on square and

fiverr uh

square probably needs a few weeks to set

up

uh fiverr same thing here i'm short

fiver

since uh this day here i still

i'm i still have like half of my short

i'm thinking this thing could pull back

to mid low 80s over the next few weeks

but this one too you know in a couple of

weeks maybe we

will get a good long setup in it right

now i think it

it's probably gonna go lower

i also updated the faq with my uh

favorite trading books with the top

trading related boots

faq let's see grow

um

um

maybe maybe

maybe

it would be better if it went sideways a

few more days

my k this thing uh

is not a no it's not a momentum leader

it's kind of sluggish right it was it

had a good move here

but like the past few months like it's

been it's been very sluggish

and well yeah no i i don't think it's a

good one

have you ever been on a stoop boot camp

at stockpin only

it's a slow noim slow mover adr

3.6 don't trade this one

the setup is okay i guess but it's a

slow mover

the x-13 no it's not failing

it's just digesting the move look at

it's just finding support on the rising

20 ema

it just had a random pump uh midday i

don't know why if they had news or

something

because the thing is it was way down on

the day

it was down like six percent on the day

and then it had this big reversal midday

music

all right

mxim

it's a buyout candidate

i i don't know you have to read up on it

this thing it may be

tight just because it's a buyout

thingy i don't know if you were just

rumors or if there's a real deal here

gotta do some more research but in

either case the adr is 2.1 i avoid guys

you give me a lot of stocks with low

adrs you should check

my past swing trading uh schools

i've uploaded them since last week just

go to my youtube and

i usually uh you know written in the

headline when the

it's usually like it lasts like 30 to 60

minutes is the swing trading school you

got to put the adr in your scans and

like i get it like 30 percent of the

stocks i get are

these low adr stocks

uh missed uh no

buy setup on crsp

[Music]

it's setting up i don't think it's right

there yet but uh yeah

it may be setting up for like next week

or so

yeah that's something you're watching

like tesla is my main watch today

probably

my only watch to be honest i really

don't see much right now

i think the market is in a shopping

period like

we are hanging out near the heist but

you know under

i just see a lot of

i just don't see much exciting i don't

see many

good setups i think we need to you know

need a couple of weeks for things to

start setting up again

and we may finally maybe starting get

you know start getting some pullback

i went short tq yesterday ten thousand

shares

in case we get a deeper pull back maybe

back to like low hundreds or something

[Music]

but anyways tesla like you know

obviously

gap it's capping up on the stock split

news but it's gapping up do you see

where it's gapping up it's

gapping up into that declining 65 ema

like if it starts getting rejected like

taking out opening range lows and stuff

like that

i'm gonna add back those two thousand

shares i covered i'm still short a

thousand

uh but i'll i'll add back those two

thousand shares and maybe even add more

like if it's

if it sells off on this news like it's

gapping right

into the lower end of this big base

this high for mid high 1400 area

let's look at the pre-market data

it hit as high as 1490

and i covered those 2 000 shares

unfortunately near the highest like 1487

or something

but you know this thing could could have

been uh 1550 in pre-market so you never

know

anywho that's why you just gotta

you know obey your stops no matter what

um so yeah

i'm watching this thing other than that

not really much going on

covered some overstock i added i covered

some in the weakness yesterday it opened

and it had a big big bounce it bounced

20 percent uh and then it started

started building higher lower highs it

put in a lower high

on the 60 minute chart and then enter

they start building lower highs and had

a range break here in the

low 97s that's where i added another

like 8 000 shares or something and those

i've covered late day and pre-market

so i'm down to my core uh which is

well i'm not entirely down to my core i

have more than a core but i'm still

short 29 000 shares

i think this thing goes back to a 70

bucks

minimum probably 60 bucks

over the next few weeks

uh handvax this one i shorted yesterday

opening rain yeah i didn't stream

yesterday right yeah that was yesterday

yeah

i was trading from my car i had a

dentist appointment it was like a

specialist

thingy with a special

like x-ray camera thingy that

spinned around my head

and i couldn't get the home in time due

to traffic and

i wasn't i wasn't even planning getting

home but

there was just an insane amount of

traffic so i had to like

stop stop on the road um

let's see so nvac so shorted opening

range lows then i added late day when it

got rejected of the declining 10

they move 10 ema i added more in like

163's

so i'm short eleven thousand eight

hundred shares

uh fiverr fiver is still weak kind of

building lower highs

and uh zs is right on the 50 day

let's see if it closes below the 50 day

i'm getting out of it

w now this one like literally here is

when i bought it

okay and there was some guy on youtube

or twitter i don't remember like

it's just hilarious i'm trying to make a

point here okay

so how no it doesn't matter how much you

hate the stock or a company okay

if it if there's a good setup on it like

if there's a five-star setup on it

you have to buy it okay so literally

like i bought it this day and i uploaded

it on

youtube the video and the guy saw it and

he's like hey

i see your long w you should uh

stop trading right now

and the stock goes up 42

in the next what seven eight nine

sessions and this

is literally the strongest stock in the

markets right now

except for these you know random micro

cap pumps but you know

if you look at the real stocks they're

like mid and large caps this is the

strongest stock out there

it literally hit all-time highs

yesterday

it you know bounced off the rising

10-day perfectly

and he you know it's straight up hit

all-time highs

like uh you know the point is it doesn't

matter what your opinion is like your

opinion is [ __ ]

it doesn't matter you know i don't care

who you are

and the less money you be made in the

markets the

more [ __ ] your opinion is like my

opinion is [ __ ]

that's why i trade setups like i've been

wrong on so many things

and yet i've still made money on them

because i trade the setups

okay with that being said

uh it's not really again there's just

not many things i see like pinterest

could be interesting maybe for

next week or the week after it's holding

up really well after earnings had a

very high volume day 112 million almost

shares this is a large cap name

uh i know they have been you know call a

lot of call buying lately

and you know it's just you know the 10

and 20 days are

moving averages are you know the 10 day

has caught up

and maybe you know next week or so or

the 20 day will be catch up and then we

may have a good setup on this thing i'm

i'm long a few shares i've sold like a

third so far

i had 30 000 shares i think i have 20

000 left

but i'll double triple that position i

could set up

um yeah i just you know there's just not

much

going on today today is the day you

manage

positions

just literally no good setups anywhere

mrna gapping up into the higher end of

the space

um it looks like it may be getting

rejected off the 20 day here

it's building on a base it bounced off

the 50 day yesterday so it's it's

building a range here

ella ran this one i bought on this day

and i got stopped out on this day here

and no it looks like scapping up

slightly on earnings

xp had some earnings not really a

great setup

yeah and chew me as gapping down a

shitload

on [ __ ] earnings the pump is

failing all right

that's that i really don't see much to

do here today

fuv tiger uh no fv had a good setup here

where's the good setup here like what i

mean this is this

looks nothing like the setup i'm trying

to teach you

here was a good setup this is a five

this was a five star setup

okay if you caught it in that like six

twenties or six

thirties but now like

where's the setup tiger uh

tiger looks better tiger actually looks

pretty decent

looks pretty decent i would pref yeah

yeah it looks

it looks pretty decent like a four-star

setup

uh sold ba what do you mean

sold b i haven't been loaned this thing

prpl uh no not yet

it had a setup here this is a five-star

setup okay and now

it probably needs maybe next week

this is a good setup memorize that

here's here's another good setup

you see this you put these in your

pattern databases uh

takes peaks could be like if it takes

out opening range lows could be a short

in it but it's too thin for me i'm not

gonna trade it it's way too thin for me

voxel it's just a pump it's a samsung

pump they've been trying to

they're pretty much like uh like you

know they sell like samsung products and

they trying to make it look like they

have a partnership with samsung it's

just all a fraud

you know obviously robbie neuters they

believe that [ __ ] that they're buying it

but you know

[Music]

lpsno maybe next week

nugget

overstock relative strength uh

but it's near nowhere close to the 20.

there's no relative strength here it's

capping down a shitload

where's the relative strength like the

markets are gapping up

quite a bit overstock is gapping down

if anything has relative weakness

all right let's see markets open up in

one

second and let's go again i'm only

watching tesla pretty much

i took a starter or added to my to my

existing short a small starter 1300

share

you know what a lot more i shorted 2600

shares of tesla

i'm anticipating uh a sell the news here

but

uh you know i may be that wrong it's a

very tight stop that's the great thing

about tesla you know some really tight

stops

i added a little bit to my nvx short

this thing has the enormous downside

like the 50-day

moving average is almost 30 percent

lower

so i added a couple of thousand shares

short i added like

3 500 shares short

opening range slows

oh

okay tesla so far nice follow through

the opening range lows short

the sandbags could really you know this

thing could easily go down another 30

percent

like this thing is up or what's up

forty two hundred percent it's still up

like

three thirty one hundred percent from

the

from january since january the 50-day

pullback

would just be healthy price action

this xp is breaking out uh with earnings

like the

setup coming here in today like it was

if it was a regular breakout you know i

you know it wouldn't have been that good

but

considering it it had earnings it it

could be a setup like he had a better

setup here but it could be a setup

like a three and a half star but right

now the markets are a little bit

you know breakers haven't had much

follow through the past couple of weeks

so

something to take into consideration

no tc2000 is just shorting

the low win rate

wait for 2019 2019 it was an incredible

uh momentum market

2019 was an incredible year for

breakouts like the first

four five months and the last two months

were just incredible

wow and that is straight down nice

that's nice

cover the tiny bit of nvx

no it's not a momentum leader

you can clearly see how shoppy this

thing is like it doesn't have a clean

trend it's a very shopping stock vff

uh no same thing it's it's really not a

clean stock it's kind of choppy

especially for a micro cap

no avoid

yeah spotify bounced perfectly off the

50

and now it's back into this base here

265 area

red fin long and no

you need tightness like here it was a

good setup okay

this is not look at how wide it's been

you know you need tightness before the

breakout

not wide action

guys every year is an incredible amount

of to make money

every year there's incredible

opportunities to make money

there's no as a as a short-term trader

like either if you're a day trader a

swing trader

you know you really have no excuse to

make less than 100

per year no matter what year like if

you're shorter

shorter term i'm not that short term

anymore but if you combine

you know there's just no excuse

yeah well nbox today was just the at

spot like i'm short

way higher from yesterday but yeah it's

um it's a nice one

i've covered most of the ads

mainly no

probably needs a few maybe next week

it needs to build a base here

and wax is still like 20 of downside in

my opinion easily

it's still way off like i only covered

the ads i still have all the shares from

yesterday

over stock too i don't think there is

any support on it

until like the rising 20 day like it

could

be an ad spot if it takes out loser

today to be honest

it could be an ad spot there

hopefully if it loses the lows of the

day like later in the day

and that's a big you know five

seven dollar fade or something that

would be nice

pinterest look at how nice they undercut

the 10 day

and now it's reclaiming this is very

bullish price action on a 60 minute

chart

it hit the rising 65 ema and right back

into range this is

very bullish action on pinterest i think

next week

we may have a really nice buying

opportunity on it this thing may want to

go to 50 or something

50 plus oh gsx nice

i'm gonna cover some more gsx into this

little flush here

yeah but where's the setup on nioh

crooks no no no

i don't really like it it's a shopping

name

mcrb episodic pivot

no i don't it's just it's a biotic name

these are very very random like i don't

know

like i know it has good data but maybe

we'll get a setup on it

you know next week or the week after

net

what what are we looking at here does it

look anything like the

setup i'm trying to teach you

yeah it bounced of the 50 but with

where's the setup

shll um

yeah i'm watching it's kind of surfing

the 50 day but the

you know it's it's this is a pump stock

it's not really an institutional

quality name you know if it gets a pump

on or pr

you know if it starts taking out that

high 20 area yeah maybe

jumia what happened reality hit

what about severe uh

yeah you know what this could be a good

one i think it yeah it could be a good

one

especially if it starts breaking out in

the next few days

guys bac i i don't even have to pull it

up

like i already know it has a low adr and

and like where's where's the setup on it

it's just a random very slow stock

that's been going up for the past two

weeks where's the setup on it

guys you need to watch and re-watch the

short schools i've been putting up

and then you need to rewatch them again

like

it's a very specific setup okay

like a lot of the stocks you mentioned

just a random stocks that have

you know made some random moves again

like

maxwell had a decent setup here where's

the set up here it's just a random start

that went up

after it broke out of a nice little with

a nice setup

you gotta you need to be on this thing

here not

here this is where where you need to be

on it

nicola again where's the setup

peloton i got stopped out of peloton

yesterday but

you know maybe next week if it goes

sideways a bit more it is

this hold it right or surfing the 20 day

it is holding up well but you know next

week maybe

take two

okay guys adr 2.8 come on guys guys

you need to put the adr in your scans

you know this

this this is the random slow stock

you're never gonna make any good money

on these things

you gotta be in the fast movers

tupperware yeah this one actually looks

pretty decent

maybe in a couple of days but this thing

is a very clean mover

this is exactly what we're looking for a

clean move

and then you know wait for sideways and

uh

and tightness and it's about it's a

building on the tightness

uh maybe later this week or next week

yeah this is this could be a good one

but it's too early

csiq

nah if you you know in the solar sector

i think

scdg and emph are setting up much better

but both for next week csiq

it's not as clean i'd rather play scdg

or emph

next week

yeah maybe yeah

caps no

guys the 10 day or 20 it needs to be

looking for a breakout okay

it needs to be on the 10 or 20 or the 50

day this

is like way above all of this it's 20

percent above the

10 day it's 33 above the

20 day like it's it's just the stock

that made a big move

here's a good setup look at how tight it

is it's right on the 10 and 20.

it's up in the stratosphere right now

hey thanks migie that's a very good link

guys look at what smiggy just posted

you need to watch and re-watch those

videos

and then you need to rewatch them again

my entry as early as possible

as early as once it starts breaking its

range

that's that's where my entry is on those

things

on those on those setups gsx right now

is bouncing of the 20 day

which is actually a very bullish price

action um

but i'm still i i covered some i still

have about half of my shares from last

week

pinterest wow this thing looks great

absolutely great for next week

like a lot of there are a lot of

potential setups

but most of them you know we need time

like i think

next week we're gonna start seeing some

good setups again

but most of them need some more time

most of them need some more time

oh wow igc straight up halted okay

live person um it probably needs more

sideways again the 10-day needs to catch

up like

these kinds of setups like it's it's

made a

big move you know it needs to the 10 and

20 they need to catch up or at least a

10-day again it's way above the 10-day

hmhc uh nah it's very shoppy and

it yeah maybe next week

maybe next week when the 20 days caught

up and it builds a bit more tightness

pbi a good short i don't really see a

setup here

it's doubled in the past few weeks but

yeah i mean maybe you know the 60

minutes short like if it loses the 635

area yeah maybe it can pull back a

little bit silo uh well silo i'm long

like cylo had a really good four and a

half star setup right here

that's when i bought it on the stream um

and now it needs to go sideways maybe in

a couple of weeks again you know the 10

and 20 day need to catch

up they need to be

surfing these moving averages either the

10

or the 20 or the 50 or preferably a

combination or of the two

one but this thing is just you know

there's no setup here

like where's the sideways

no not clear

and also this is like the mostly liquid

stock ever

guys you need to put at least a couple

like

say five million uh of

dollar volume cut off on your scans like

this thing like trades a couple of

hundred thousand dollars worth of stock

per day

like it's just too little like you know

this this thing

shouldn't be on anyone's scan you need

to

you know

take your account size and multiply it

by

50. so let's say if you have a ten

thousand dollar account

or or multiply by a hundred even better

so if you have fifty thousand dollar

account your volume cutoff should be

five million

if you have a two hundred thousand

dollar account your volume cut off

should be

twenty million

and even like like no one you know

should have

yeah you should have at least like a say

two three million volt dollar volume cut

off on your

on your scans there's no reason to trade

stocks that trade less than a few

million dollars worth of stock it is

just

too random

the more i'm here the more i feel bad

you have to actually say this

same thing over and over i know

my life sucks

no come on chan i mean

guys

dicks

what i think of dicks i i

ticks are not my thing

and if you you know the ticker dicks i i

can't even get it on my

on dc2000 i don't know what it is

yeah what's up with spamming the lps

scent taker

it's not a good setup

there's like three people that mentioned

it

i'm trying to teach you guys a very very

specific setup that

anyone can trade and you don't have to

you know trade full time to trade that

setup you can you know trade it like

you know you can do your scan spend 10

15 minutes scanning

right find some good setups and then you

can trade it you can do it from work you

can do it you know

it's just very simple

setup but obviously you know

it's one of the simple setups out there

very few criteria you have

very few things you have to think of

it's just about

learning the pattern like you have to

like

force your brain to recognize a good

setup takes a long time but otherwise

it's a very simple

very simple setup

you you you almost need no brain to

trade the setup

that's why i like it the less i have to

think the better

like you can literally make millions

everyone in this room can make

millions of this on this simple setup

but you have to watch the short swing

the swing trading schools i posted you

you have to memorize those

those patterns you have to do your own

work you have to go back and look at

hundreds if not thousands of past big

movers and

you know find these setups

most of you are not willing to do the

work

so

wow mrna sold off on the news

now it's uh right on the 50 day again

fey what's the adr and fey

why do i keep guys why do why

do you keep posting tickers with adrs of

less than five

yeah i mean look the breakout trading

like breakout trading works when the

market is

you know strong like i you know in a

period like this

[Music]

breakouts don't work

with the headless here in periods like

this breakouts don't work

and you won't get any setups that's a

good thing you can just

you know chill you can take a vacation

like you know this is the nasdaq

you know when the 10-day the 20-day

moving average

you start sloping lower and the 10-day

gets

you know it's lower than the 20-day

you know you don't trade the breakouts

even if you see a good setup you

shouldn't trade it

right same thing here now i

i trade different methods so i i do

trade during these periods i do a lot of

meaner version stuff

and but these periods you shouldn't

trade like when that 10 day

and 20 days start sloping lower and the

10 days below the

20 day no trading

no breakout trading and it's fine you

don't have to trade every day

every week every month this is where the

big money is made okay

this is where the you get you know you

wait out the bad times

and this is where you know when the 10

day starts rising higher the 20 days

start

gets higher the 10 is above the 20 day

this is where you double triple your

account okay

then you have periods like these that

are like sideways you know if you can

break even during these times you you go

you know you're doing a good job

and then you get period like this again

you double triple your account

then you sit out some these types of

periods when the

you know the moving averages start

sloping lower the 10 and 20

and then you get a period like this

where double triple quadruple your

account

boom and when the 10 day and the 20 days

start slooping lower and the 10 day

is below the 20 day that's when you sit

and wait

you go and enjoy life

let the amateurs trade let them let them

shine their accounts

let them blow up and when the times get

good again that's when you double triple

quadruple your accounts

boom

it's very simple but it's not easy

simple but not easy

staying out of the markets is the

hardest thing to do

can you do these moving averages on

tc2000 for free

uh yeah i think

dc 2000 has a free version with like 15

minutes lag but yeah i mean you can do

any indicator

for free as long as you have tc2000

visa i can tell you right now visas low

adr

yes it's not a momentum leader it's just

been in a shop

range for months and months

it's a it's a very slow mega cap stock

it wasn't there's never been a good

setup on this thing

just avoid these things

guys if you can't get the average daily

range

uh like you you have to put the

condition in

in tc2000 like i you know get tc 2000.

they have a free version with i think 15

minute lag but you don't need you like

you can use the real-time data in any

other platform like trading view

just get the scanning in tc2000 like you

know

like stuff like visa it's just a waste

of time you you won't

make any money on something like this

like this thing you know

making a 10 move for this stock is a

huge accomplishment you want to be in

stocks that can go up 10

in a day

if you go to my blog uh my

you know you you can get the link in my

uh

on my twitter profile or my twitch

profile it's shorts and stories

dot com slash about okay

like before you write anything in the

chat

before you interact with me in any way

on any social media

you should read this okay

and here's the adr formula i'm gonna

make it

let's see ctrl f adr

okay here's here's the formula okay you

paste this you copy this formula and you

click here

uh let's see no wait can you do this

easy scan

new condition you know uh

like three month momentum scan

wait let's do it like this i'll take one

of my existing scans

but just pretend you're making a new

scan let's just take that

you need to do this for one month three

months and six months but let's just

open

this scan okay first you put

the first criteria is the dollar volume

you click the plus icon

choose conditions write a dollar volume

right

dollar volume dollars one day no sorry

dollar volume

click there and then you put

greater than like no one should have

less than five this is 80 million

this 800 000 means 80 million

or is it 80 000

but any no no one should have less than

uh

five million in in their scans everyone

should probably put at least like 10

million in

dollar volume cut off then you put the

next one

adr uh you have to

you have to make this you have to do

indicators

uh wait how the [ __ ] do you do that i

haven't done this in a while

gosh wait

library

jesus christ

how the hell do you do a new condition

is it that new condition

oh you have to do this i think uh

oh yeah you have to do this okay first

you have to do like a new condition

adr and then you paste the formula

adr

and then you save it right and then when

you make this new scan

let's take one month gainers

then you add it click the plus icon and

then you click adr

and here it will be uh here no sorry

here

adr 20 days is what i've

named it and then

you do a new one again you have to like

make a new new

condition uh and then you have to put it

here like one month

c min l22 you do three of these

this is the price change from the lowest

or the past

22 sessions that's one month and then

you can do

three months which is 66 or 65

and then you do six months which is what

one

twenty 130 or something doesn't matter

the exam ex marked up

exact amount and then you do these three

scans like

adr should be greater than

i i use four but no one you should use

at least five or six

those will be smaller accounts and then

dollar volume at least

five or ten million

those are the only three scans you need

to use that way

and then you kind of i don't know how

many candidates you will get let's just

try

it's just right now it's just uh like

36 minutes after the market so there's

not gonna be a lot of uh

candidates but i'll change this from 80

million to

10 million okay

and then i'll change this to five

percent

and rank you have to click

rank here and then i use like 93

like the top 93 percent gainers

past 22 sessions and then a scan results

i get 42 items

now obviously when after the market

closed there's probably gonna be over a

hundred items here

because a lot of stocks haven't traded

10 million dollars volume yet but they

will have uh

at the end of the day and then you have

to tweak the criteria you either have to

like increase the adr

like if you say if you get more than say

50 or 60 results in any of these scans

you have to either increase the dollar

volume

increase the adr or increase the ranking

here

or a combination of all three you

shouldn't get more than 50 or 60 results

in any of those scans

holy [ __ ] nvx oh my [ __ ] god

it's a 600 000 almost 700 000

trade since yesterday i hit the oh [ __ ]

i got a big one

like obviously i i don't really uh

recommend shorting for anyone with less

than a few million in in their accounts

uh it's it's much harder than going long

in my opinion but

holy [ __ ] for those who have this

you know earned

the shorting um

uh what's this whatever for those of you

short

this was a home run

oh [ __ ] can you can we get a million oh

if this thing goes to 100 bucks

potential a million dollar trade

ah [ __ ] i got stopped out of tesla looks

like tesla is strong

you know what um i i i covered the ads

i took a thirty thousand dollar loss on

those uh

2600 shares i shorted uh but i'll keep

the

thousand shares i'm still short i'm

gonna use the after hour size as my stop

i want to see how it acts later in the

day

right now it's strong because the

markets are obviously also very strong

but we'll see maybe we start selling off

later in the day and in that case

we'll see otherwise if tesla's

close is strong i'll cover their last

thousand shares too

oh if just overstock could do what uh

nvac just did holy [ __ ]

i still have ten thousand shares short

of nvx

uh or wait how much is it down from

forty percent no you know what i'll

cover

another four thousand shares right here

i've stick six thousand shares left i'm

gonna trail them

i'm gonna trade these six thousand

shares

uh yeah well biotech stocks especially

like the micro and small gap biotechs

obviously yeah there is added risk of

trading them and if you're unsure

don't don't trade them there's so many

good setups in known is just you know

generally you should just avoid the

small cat biotics

no i don't they use tc2000 for

trading i i just put the white lines on

the chart to visualize where my

stop area is

it's just easier to keep track

yeah exactly i hooked the blue whale you

have tried three million dollar volume

yeah

yeah you should most just everyone just

you should just use like 10 million or

something

oh tc 2003 doesn't have the short tools

or the scanning capabilities okay

i didn't know that

yeah it's a tc2000 gold how much is it

then dot com wait where do.com is down

no it's not oh here it is let's see

tc2000.com let's see

pricing

so let's see silver

wait don't they have a free one silver

let's see

oh yeah probably yeah most of you

probably need to get

it's 25 bucks per month come on like

everyone should get it like you know you

don't need anything else

you don't need uh

oh if you won't do the annual thing

it's 25 per month you know it's really

like

you know you should invest if you want

to make trading your profession

if you're determined to make millions

you know you should

invest in the correct tools

and if you can replicate the adr formula

in like

think or swim i think you can like you

know there's nothing wrong with using

think or swim

but it's all about identifying the

strongest stocks

that have their most volatility that's

the principle

like it doesn't matter what platform you

use like i use tc2000

i have the formulas for tc2000 but if

you can replicate anywhere else that's

great

but it's all about avoiding the slow

stocks like

like today like you know i've gotten

like 100 uh

shot you know suggestions or tickers i

looked at

just in the past hour and like a third

of them

which is slow and sluggish stocks like

it's a waste of time

gotta be if you wanna make a lot of

money you gotta be in the fast stocks

if you wanna have aggressive returns you

wanna have triple digit returns

year in year out

you gotta be in the fast moving stocks

let the amateurs trade the slow-moving

stocks let the billionaires trade the

slow-moving stocks

you know those of you

who don't have you know many millions in

their accounts or tens of millions or

hundreds millions stick to this

moving stocks

wow tesla is so far really strong

you know what i'll just cover the last

thousand shares

i'll just cover it

you know it's just in the ins inside of

a range i i want to see how it acts here

in the 1500 area or on the 20 day

but so far the tesla action is very

bullish

but obviously markets are strong too oh

tqq is really strong i'm gonna cover it

i shorted it like late day yesterday

when it broke down below this range uh

but i just covered it took a 45 000

loss on it

markets are very strong

this nvx this thing is paying for so

many uh

small losses and once you catch a big

one you know

you know a big home run trade now and

there

it's just gonna you know it those are

the ones that gonna make you big money

you know what i'll cover a few more i'll

cover i'll keep

1400 uh 4 500 shares of n wax

it's like third size i i've covered two

thirds now

from the overnight and also obviously

intraday

or the today's ads i covered away

like already covered

like what i thought tesla would do would

be something like this like a gap pop

into the high end of the base and then a

fade back

but obviously tesla is very very strong

but i don't think um you know we'll see

what happens like it's right in the

middle of this range this high 1400 area

like if it starts fading here and taking

out the

downside ranges i'll i'll get back short

uh but if it reclaims it reclaims this

like high 1400 area starts building

higher lows

and you know gets above this 20-day

moving average here you know we may have

a set up

on the long side coming

right now i just don't have enough

information to know if this is

going to go higher or lower it's just

inside of the range

now if just over stock could do what

nvax just did i

i'll be very happy

if if nvx or sorry overstock takes out

low so the day later i'll i'll add to it

i'm sure 29 000 shares but i'm gonna add

to that thing

i'm gonna add another 10 15 or so

hey smiggy is it okay if i quote you on

uh

on twitter what you wrote like uh

10 minutes ago

great

so

hey guys any of you who are still uh

like uh following um

daveydaytrader how she's how has he been

doing lately

i use market doors all the time

that's why i only trade liquid stocks

he lost 400k on today on what did he

lose 400k

it's like uh like uh pocket change for

him

but uh he's like more of an indicator

how all the roping hooters are doing

since they're like literally tens or

hundreds of thousands of you know

wannabe traders that are following his

every move

so he's like a good uh indicator what's

going on like he

he's obviously been printing money uh

past

you know four months

uh but you know i just want to keep

track of it yeah he's with like 200

million

yeah he well penn yeah but he owns

pen from like i don't know what's his

averages maybe like mid-20s or something

uh but yeah pen like back in march you

know

pen went down like what 90 percent

that was that that must have really felt

holy [ __ ]

like a lot of his net worth this uh you

know tight dependent went down 90

in a month and now it's

up 1100 in

what five months that's a

hell of a swing man

why is he worth 200 million because he

sold a stake in his firm

bars to sports for uh to pen i think he

sold like a third of the company for

like

i don't know oh no wait how much did he

sell i didn't

think he sold everything he sold like a

third for

uh like a couple hundred million

in penn stock

he got paid in stock from pam

i added a little bit to my overstock

just small

small small um

6 000 shares so i'm short 35 000 shares

now

just in case it pulls an nvx it goes

down to like 72 bucks or something

just in case

oh he's been averaging down on amazon

and shopify

well well actually amazon

amazon is trading like a mid cap stock

like like oh this oh this is the high

tide flag

like this is like a four star setup

right here on amazon adr is only 3.1

percent

um

but if it can go sideways a couple of

more days put scene put in some

narrow even more you know narrow days

you know it's getting really tight here

this thing looks you know holy it looks

like it wants to go like 4 000

it really does

this is a high tide flag developing on

amazon

pretty amazing

these things just go straight up

if it goes to 4000 it will probably be

a two trillion dollar company right yeah

apple is already a two trillion dollar

company that's just amazing

two trillion dollars just amazing

wow

yeah i'm still long guys if it's in this

list this is these are all my positions

if it's in this list i'm in it if it's

not i'm not in it

yes vi or a minute

well interactive brokers is not really

the best

uh shorting broker

guys a lot of you guys before you write

anything in chat

you need to go look at my profile on

twitch you need to go to this link and

read everything

i just kept getting same questions over

and over again

tiger uh it's not that good looking

setup i would have preferred one or two

more days of sideways

uh because it's not really that tight um

or maybe i mean i i don't know it could

work it could work

maybe yeah it may be three and a half

star setup

maybe four i yeah i don't know i'm just

a little bit

i don't know it doesn't look great

a lot of stocks are uh very strong right

now

i think next week we're gonna get some

really good stuff oh

ttd i got stopped out yesterday

it closed below the 20 day and today

just straight up

scdg building a potential high tide flag

pdd for again also for next week could

be a really good setup

but i think most of these stocks need to

go sideways a few more days

peloton 2 needs to go sideways a bit and

then it will be a really good setup

this carvana also next week

could be a good setup

this snapshot is actually

a little bit intriguing

it's below the 50 day but it's kind of

it's kind of surfing

below the 50 days sometimes the stocks

do it

it's building higher lows and it has a

range here that's getting tighter

like in a couple of days especially when

the like the 20 day comes down a little

bit

uh the yellow line uh you know what this

could be a good setup

it's a very orderly stock you know it

surfed at 10 day

then the 20 days to to go whereas the

support and now the 50 day

now it's kind of surfing below the 50

day but it's building higher lows

it could be a bear flag too uh but you

know if it breaks higher above that

22 area it's gonna be a good long setup

preferably maybe you know in the next

couple of

days at least probably needs a few more

days of sideways

but it's it's starting to get

interesting but there's a lot of these

like

you know that could be looking good in

the next few days

so

workhorse i'm also stalking stocking for

short i think it's gonna do

what nikola did a couple of months ago

you know it had made a big move went

sideways for a month or so and then it

lost a

rising 20 day and went down like 40

percent 35 percent in a

three sessions i think workhorse is

looking similar

made a big move now it's been going

sideways for over a month and now it's

kind of

below the 20 day the 10 and 20 days

moving averages have turned lower and

you know if

this thing starts breaking down it could

easily go down 20

30 percent in a few days

hopefully it doesn't break down today i

would love to see it break down maybe

tomorrow or friday

so tesla is now right on the 20 day

and it's nearing the upper end of this

range

it's been in

so now i want to see that the 65 ema the

20 and 10 ema on the 60 minutes

chart start acting as support levels

and maybe we get a long setup next week

but if it gets rejected

here on the 20-day moving average and

closes week and

maybe closes near loser day you know

i'll i'll reshort it

this is this is uh like it's one of the

leading stocks

it's one of the top leading momentum

stocks in the market right now like

what this what tesla does you know it's

a good indic

maybe a good indicator for overall

market

or for similar stocks like this so we'll

see

but again you know next week probably

we know more gotta have a lot oh

overstocked looks like it's fading a bit

more from entry

or from my ad like my entry was way

higher

a couple of days ago but from my ad

does it hey david does it say i'm your

best friend in your profile

no because i i ran out of characters you

can only have a

certain amount of characters so sorry

david

it doesn't say you're my best friend

who cares about currency risk guys

stick to the stuff you can actually uh

like control

the currencies fluctuate all the time

you can't time them you don't you have

no idea what you're gonna do next

don't worry about currencies

stick to what we can control

uh yeah i do trade bear flax sometimes

uh when like momentum stocks start

breaking down

but you don't really get that many

moment like bear flags you get so many

good

like five star bear flags are pretty

rare um

compared to their like bull flags

yeah workhorse is still waiting for that

usps contract news

so

i'm watching this srpt as a potential

long setup

it's not really a five-star setup but

it's it's it's a biotech stock it's a

very slow like you know

none of you should trade it i have no

choice since i have a bigger account and

this is a fairly liquid stock so i have

to stick

sometimes with a lower adr stocks

but it's a pretty clean one made a big

move where you surf the 10 and 20 pulled

back a little bit and now it's kind of

like with snapchat like sometimes they

do that like they surf below their ever

moving average but it is building higher

lows

and that's a range here that's getting

tighter

okay so if it breaks out above that it's

a good setup right

so it right now i would say it's maybe a

three and a half four star setup

four star setup maybe um

you know just to illustrate it

but again none of you should take this

set up because you know

there's gonna be like there's gonna be

so many

uh stocks that break out when we get

going to a period when

breakouts start working there's gonna be

so many stocks with higher adrs that you

guys should trade that will be breaking

out but

you know since i have a large account i

i have to stick with this

uh larger stocks like i trade mostly

large cap names nowadays

i very rarely trade like smaller cap

trades

and also like mid caps are

i i don't really trade many mid caps

either

most of the stocks i trade nowadays are

large caps

like 10 billion market cap or higher

oh [ __ ] i guess i should have done more

shares on overstock

i'm gonna put some buy orders on the way

down over stock too this is

uh like i have 50 no sorry

500 over 500 k on unrealized right now

and i realized a bunch of profits like

two days ago and yesterday so this is

also probably like a seven eight hundred

thousand dollar trade

over the past three days when i shorted

it here on this day

you know this is why i track these big

momentum movers

and once they you know lose their

momentum that another is like

two hundred percent no sorry not forty

two hundred thirty five hundred to

thirty four hundred percent and once

they start getting really parabolic

it's really really extended then you you

know look for weakness like

lower highs range breaks to the downside

etc etc

uh that's that's another method i trade

but most of you shouldn't

you know don't focus just on buying

breakouts like shorting is much much

harder

uh you know you're gonna have like much

less success in shorting probably

and easier to you know do something

really stupid etc etc

the simple breakout method i'm trying to

teach you like

every single one of you in chat

right now if you really put in the work

and

understand the nuances of the setup

understand when it works when it doesn't

work when you should be aggressive when

you should be defensive when you

shouldn't betray

trading at all right it takes years to

get really good at it

but once you get good at it you you're

guaranteed you're gonna make

millions tens of millions guaranteed

most of you won't because most of you

you know you won't get it like most of

you won't put in the work and many of

you will give up when the market gets

tough

most of you won't be able to sit there

and do nothing for weeks and sometimes

some months on end when the markets are

not good for breakouts

most of you will be looking for the next

shiny thing

like every day there are stocks moving

going up or down

and sitting there and doing very little

or nothing for weeks and months on end

like it's the

hardest thing to do truly is i struggle

with it

all the time

um

uh yeah sometimes i do like i do meter

version longs

yeah i'm actually watching ino as a

potential

uh mean version long for for tomorrow

uh but that's so yeah it's it's kinda

like the

main version short it's not exactly the

opposite of it but

you know these things you know they work

sometimes but not nothing i recommend

any of you to do

it's it's just much harder there's just

so many things that can

go wrong

i'm just trying to teach you a method

where you have the least the chance to

blow up

you see if you blow up you know you're

you're done

trust me you don't want to blow up i

blew up like three or four times in my

first couple of years it's not a great

feeling

can i ask you a question well you know

you just asked me a question because

can i ask you a question is a question

but yes you can keep asking me questions

well it's the same thing death by a

thousand paper guts is the same thing as

blowing up

blowing up means you lose most or all

your money

it doesn't matter if it if it happens in

one trade or if it happens in a hundred

trades

it doesn't matter if it happens in an

hour or if it happens in a couple of

months

have you heard of traders who trade only

amazon or only tesla yeah

there are traders who only trade one

stock i really don't get the point but

you know

they're mostly scalpers like they scalp

the same stocks like

the higher price stocks with you know

big range like

tesla like that's like probably one of

the best training sucks but i just like

like scalping is probably you know it's

the lowest point of trading like no one

should ever

do it like it's just a waste of time

you can make money off of it with just a

hard way of making

living you have to constantly sit there

and watch every single take you know

i mean you're gonna be brain dead after

three to five years of scalping you're

gonna be

brain dead guaranteed trust me you don't

wanna be

brain dead

uh well if you trade stocks with news or

earnings

you should probably focus on the open

because that's when they trigger

many times the good ones they already

run up a lot

by the late by the end of the day they

could have you know they could be up 10

20 percent

30 percent from the opening range highs

so if you're gonna treat stocks with

news

you know you gotta be there at the open

if you want to have an edge in my

opinion

yeah tesla split it doesn't matter like

there's like this is a

263 billion dollar company even if like

a

million robin hooders go all in

on this tesla after the split they're

not gonna move the stock

they're gonna make it maybe move it a

couple of percent

it's a huge company

like every retail who most retail who

wants to own tesla they're already in it

it's a cult stock like

it's a big retail stock

it has been like for many many years

like

most of the retail people who want to

own this they're already in it

and the ones who can't afford to buy

tesla

because it's you know five fourteen

hundred shares

uh fourteen hundred five fifteen hundred

dollars per share

they have tiny accounts like even if a

million

of them buy tesla at once they're gonna

move it like one or two percent

so you know the the it's just uh

meaningless

you know news uh but you know people are

speculating oh it's gonna be bullish

that's why we watch price action that's

why we watch you know how is it gonna

act here how is it acting it's right on

the

declining 20 ema sorry 20 uh

the moving average like can it can it

hold here

or will it get rejected right

hey chris can you sing [ __ ] you david

yeah tesla is the ultimate trading stock

has been for many years

i agree

if tesla breaks out today like

it breaks out over that fifth low 1500

area

i wouldn't i would wait for it to even

if it runs up you know i would wait for

a tighter consolidation

like i i want to ha i want to have the

odds in my favor it's just

you know you know if it even if it took

out this 15 20 15 30 area no i wouldn't

i would i don't know i would probably

not buy it no

the stock would be up like 15 on a day

12 13 i mean i don't know that's a hard

question you know maybe i would buy some

small

like a starter and then add if the you

know if it

starts building some tightness on the 60

minute chart

like i i still think you know if it

breaks out above this

low 1500 area this thing is gonna go to

two thousand plus

two thousand plus okay and you know i

wanna be there

if in case it does but i probably not

gonna buy like

three four thousand shares i'll buy

maybe a thousand or fifteen hundred

shares

and then add if you know on tight areas

if you would buy amazon today

no i would put the stop on today's lows

why no

all these two days lows current day lows

the day you buy it

that's the they you know that's the

loose you should use

can you get some relationship advice

yeah you can get some relationship

advice

i can give relationship advice

well look if you wanna like the longer

time frame you have

on your trades okay the more you need to

focus on fundamentals

and not just momentum and you want

stocks

you know if you're gonna hold the stock

for many months and even quarters you

know

there needs to be a reason for a stock

to go go up

rather than just random momentum like

you know shorter term swing trading you

can just use momentum you don't need any

fundamentals but

you know to catch a mover like this you

know something goes

up several hundred percent in a short

amount of time you know

you need fuel the stock needs uh to have

a reason to go up

and the fuel many times is earnings big

earnings and revenue growth

and obviously big volume um

you know some of my biggest winners

fastly livongo

those stocks all but you know these

stocks went up to

300 percent after my entry and they said

big you know

they had a lot of fuel or other rocket

fuel and it's called earnings and

revenue growth

now fast it doesn't have any earnings

but it had you know

pretty good revenue growth fastly has

enormous revenue growth and even

earnings growth

like a lot of these stocks that have

made big moves like fiverr

again big revenue growth and now it's

getting earnings too

gsx too this thing has very big earnings

and revenue growth even though

a lot of you know people call it the

fraud

like like look at the numbers like this

the reason the stock is up

or what's up almost a thousand percent

uh in

in less than a year is because of this

look at the revenue growth

these are the stocks that make big moves

so you know i try to focus on stocks

that have big earnings and revenue

growth primarily revenue growth

they don't need to have earnings but

earnings if they have earnings that's a

good thing

uh now obviously i'm shorted because i

got a short set up but

uh you know and w2 well w was a bit

trickier

um because it had a slow quarter here

but now like look at the numbers 300

percent

eps growth 84 revenue growth

these are the stocks that make big moves

overstock 110 revenue growth last

quarter

oh the market sniffed it out this is

where the stock went up

two thousand percent before the earnings

report

those are the tricky ones when the stock

has a run big big run up before

you know good numbers it's much easier

when you have a stock that reports good

numbers and then goes up a lot

and you you know that's something if you

study the big movers over the past you

know 10

20 years you'll see that

most of the big movers not all of them

but most of them had

big revenue and big earnings growth

wow tesla jesus this thing is strong hey

maybe i'll buy some

maybe i'll buy some if it closes above

the 20 day i'm i'm gonna

i'm i may buy a starter like quarter or

third size

maybe we'll see it's too early still too

early

um like it could very easily you know

close like 1450 or something

right now it's we'll see

have i kinda a relationship

question but more out of curiosity have

you noticed

more female interest since becoming rich

not saying girls are gold diggers

obviously with money comes status

respect and safety well

like i really haven't left mom's

basement

like for like i i take out the garbage

and stuff like that and i go upstairs

to bring food down

but like i i rarely leave mom's basement

so

i really don't meet a lot of girls so i

i can't really say

uh that i i've noticed more female

interest

[Laughter]

do you trade in your underwear uh during

summer all the time

i have streamed a lot of times in my

underwear

but you probably don't want to know that

i'm not single

guys uh you know some of you may

not have noticed the irony or the

sarcasm

oh man i wonder how many people in chat

actually believe i

live in my mom's basement probably like

twenty thirty percent legit thought what

i said was true

do you enjoy having a whole day yeah i

get a lot of things done i usually work

out and you know

you know i i you know i get time to like

do whatever i want uh but i wish the

market opened a bit earlier in

swedish time it closes 10 pm it's a bit

too late

it's hard to do anything on weekdays

like i can't meet with meet up with

friends and stuff like that on me

weekdays that sucks but i do enjoy

having like

like a lot of hours before the market

opens

i'm not really a morning person but

so that's nice

you have friends well i do have

imaginary friends

why do you not trade the swedish market

because there's not a lot of stocks in

the swedish market

but u.s markets are like 60 to the

world's market capitalization

there's no reason to be anywhere else

yeah actually that's true the guy they

pinned the flash crash on which is total

[ __ ]

like wasn't it like a british guy he

actually

lived with his mom and the guy was worth

like 50 million

kind of insane he lived i think he lives

with his mom it's pretty insane

what do i think about twc uh

wait wait wait wait wait who asked about

twc

ah wait wait wait wait wait who asked me

about twc where the hell is it

mr kai okay yeah yeah okay so my friend

is

trolling me yeah twc is not a ticker

i like dwc

uh

nah there wasn't really i i you know i

went through a lot of setups like in the

first

hour or so

or like first like 34 minutes

uh i don't really use my boat very often

though

i did a lot of you know i day traded in

the beginning

i wouldn't do it again if i had to start

over again but you know i didn't know

uh kovitz situation uh it's under

control

considering we never shut down

like a lot of other countries but we

still have better numbers than a lot of

other countries because swedes are

natural uh social distancers

that's why you know not shutting down

worked in most other countries you

wouldn't have worked

exactly covet is forbidden

if you forbid covet there is no covet

uh

well i'm going to show you why we weigh

sweets are uh

natural social distances okay

this is a swedish uh bus stop before

covet okay this is before covet

okay this is what i mean by natural

social distances

oh [ __ ] tesla going straight up oh yeah

well

we'll see maybe i'll buy some late day

uh you know we had a little bit of

weakness and but now a lot of stocks are

starting you know they're bouncing off

their

you know undercut them bounce off their

moving averages

like you see a lot of these momentum

leaders are bouncing off their rising

fee 20 and 50 day moving averages like

spotify bounced off that 50 day

yesterday this gsx is bouncing off the

20 day

pinterest is one of the strongest ones

passing of the 10-day

like you see you know we're starting to

see a lot of setups like this

[Music]

but we'll see oh overstock looks like

it's gonna stop me out of my starter ad

that's fine nvx is still weak

i still think this thing could go to

like a hundred bucks or so

next few days potentially

nvidia bounced off the 10 day amd looks

like it undercut the 10 day and

now it's trying to build a base here

all right guys i am

done for

today uh

wait i'm gonna do one last scan

weeks looks like you know maybe in a

couple of weeks we get a good setup it's

building higher lows and looks like it's

surfing the 50 day for now

viva undercut like viva can't get below

the 20 day you see this every time it

gets below the 20 day just

immediately reclaims here

here here here here here

this thing too in maybe next week you

know

let the 50 day catch up a little bit

yeah we're gonna get a lot of setups i

think starting

maybe if like yeah next week i think

we're gonna have a lot of setups

or maybe later this week

just so many things setting up all over

the place

just gotta have some patience to wait

for the good setups can't trade all the

time

can't be a degenerate have to wait for

the setups

all right guys uh thanks for today and

i'll see you

tomorrow