Chat Log for 2/1/2024
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- 05:01 AMBabyBoomerTradesGood morning everyone (coffee)
- 06:35 AMNHOptimistHuge PM run on ELAB Closed at .691 Ran up to about !.70 and now at 1.34 as I type this.
- 06:49 AMTheWolfHunterGoooooood morning all Thursday Thrill !
- 06:53 AMpalapointewatching $PLUG
- 06:55 AMpalapointeand ELAB
- 07:01 AMsfthompson2Good morning!
- 07:02 AMmomo_khan18gm fam
- 07:12 AMStonkWranglerKPRX looks squeezy
- 08:02 AMStonkWranglernot fully awake yet
- 08:19 AMNHOptimistELAB Had 2,000 shares at .80 Sold 75% at 1.33 for a 795 gain for 66.25% Holding 500 shares in the event of some FOMO bounce at the open because it's down significantly off it's PM high
- 08:48 AMGarrett_FullerCalm down MINM. Please wait until open. I would love a dnr on this.
- 08:55 AMGarrett_FullerIs there any broker that allows you to do "limit to quote" orders in premarket?
- 08:59 AMmillerruth23Good Morning!
- 09:02 AMGarrett_FullerHIMMENYI meant "Stop limit to quote". I am looking at MINM and it shot passed it's earlier premarket highs and I would have liked to have an entry then.
- 09:03 AMGarrett_FullerAnd now there is the chat guy
- 09:06 AMGarrett_FullerHIMMENYI know they don't with my broker, Etrade. Ideally, MINM will settle down and give a dip to bring in some short interest before the open
- 09:25 AMCruzControl(coffee)
- 09:25 AMmillerruth23(sun)
- 09:26 AMCherBehrtimothysykesGood Morning! I'm already Green for February with MINM. This is going to be a great month!
- 09:27 AMtimandrewspr- timothysykes: I am READY!!!
- 09:31 AMSauceboss228NRHI Implosion
- 09:32 AMKarinaDLambgood morningggg world.
- 09:36 AMCruzControlDecent dip buy w $PLUG 100 shares @ $4.88 out 100 shares @ $5.08
- 09:37 AMKarinaDLambtrash scared out trade, in MINM in at 7.2 out at 7.5
- 09:40 AMKarinaDLamb$NRBO much better setup
- 09:40 AMMasterson1$NRBO 4.58-4.86 , good for me
- 09:41 AMTheWolfHunter7.05-7.56 swing RUM
- 09:41 AMtimandrewspr- ArtOfWar: ELLISSSS, Good Morning, Sir!!
- 09:46 AMKarinaDLambawesome lessson Mr. Sykes
- 09:50 AMsfthompson2CMND in $1.72 out $1.93!!
- 09:55 AMmillerruth23RUM, see if they bounce this, or just let the b/o fail
- 09:56 AMDeMattia73im kicking myself for not shorting some KRE or DPST (regional bank etfs) on the red move - higher rates and the NYCB sell off both strong catalysts for more downside
- 09:56 AMDeMattia73Was a top watch coming into this morning but I got distracted with other things - nice fades on them now
- 09:57 AMDeMattia73DPST - $100 share short risking .50 ($8000 position) had $750 of upside so far
- 09:58 AMDeMattia73100 share not $100
- 09:58 AMDeMattia73anyway - selling picking up in the overall market - careful on longs
- 10:00 AMBabyBoomerTrades$NRBO yuck in at 4.90 out 5.00
- 10:00 AMTheWolfHunterWOW, how lucky I am RUM, huge drop!
- 10:13 AMHIMMENYkidkarli dont remember if $CYBL was CE but i got caught long on that, and it had a huge bounce after open , back in dec 2022 and held up for a few days too, as far as blatant pumps on CE i havent really seen them recover after CE unless CE was removed, im still not doubting NRHI can recover but feels like odds in my favor to hold the short based on all the other CE's i saw, still possible to be repumped though imo
- 10:21 AMTheWolfHunterELAB, entry was disaster, LOL, LUCKYLY small amount!
- 10:21 AMJayray_68sitting long on MNTS for a day 2 dip and rip former $1 hold ticker now nearing this area again . held the .9s all afternoon yesterday bunch of low volume buying and selling this morning... thinking they might potentially rip this back this morning long .975 risking the .9s area goal is for them to rip it back and squeeze it slightly mistimed my entry here but sticking to my risk
- 10:24 AMsloutradesPaper traded $NRBO $5.3 to $5.8... nice ~10%. happy to be recognizing the play and being able to execute somewhat!
- 10:28 AMmillerruth23Congrats to shorts, how sweet! RUM
- 10:29 AMstudent_7554Finally a nice little profit on $NRBO, I think thats enough for this morning, Thanks to all of you
- 10:34 AMsdstocks23dRUM bought 801 shares at 7.13 in premarket. Stoploss 6.95 Right after market open stoploss was hit so Sold all 801 shares. Then to watch the stock climb past my exit of exit of 7.35 -7.45. So respected my stop and moving on.
- 10:38 AMBabyBoomerTradesMIMN struggling to break 6.46
- 10:39 AMchriscruz1025does anyone else see a potential ascending triangle on MINM?
- 10:44 AMNatureboy55MINM NASTY
- 10:46 AMDeMattia73DPST down $13 a share since g/r short opportunity
- 10:53 AMJoshyWoshyPookyWookyPooRUM 6.55 - 6.71 ...decent single. practicing patience with my dip buys
- 10:55 AMJoshyWoshyPookyWookyPookFox49Multiday support is is around the 11s. Im looking to buy around there and potentially swing into a FGD bounce
- 10:59 AMkFox49JoshyWoshyPookyWookyPooI see were you are looking at in the long term chart. I have alerts for 10.64-14.00 but yesterdays news was confusing to me. Was not a public offering from what I read. Please someone correct me if I am wrong. Seriously was hard to understand
- 11:00 AMCashWaylon1ARQT on the move up
- 11:00 AMDeMattia73Higher rates is bad for small banks - lots of fear of another bank crisis here even if headlines say nothing to worry about
- 11:00 AMDeMattia73DPST 3x bank etf now down $18 from the open
- 11:04 AMCashWaylon1timothysykesI looked in the video lessons for the one you just made, the latest one is yesterday mornings, am I looking in the wrong place?
- 11:05 AMJoshyWoshyPookyWookyPookFox49if i recall its just a pr about their AI system or something. that being said, the price action has been crazy and this selloff seems totally organic. Doesn't seem like a risky strategy to get in close to 11 with small size and a wide risk, then add when it confirms green on the day.
- 11:07 AMJoshyWoshyPookyWookyPookFox49honestly if id stays around where its at now and it makes a r/g move this week id still try it. maybe less size since its not exactly where I want it price wise, but the runup was crazy, im sure a lot of shorts are in it
- 11:12 AMkFox49JoshyWoshyPookyWookyPooAgree. I would not use margin long on a $RVSN bounce. I'd just use my cash account and small size. I like Jack's blackjack analogy
- 11:14 AMJoshyWoshyPookyWookyPookFox49you have 2 accounts for different risks on different setups or something?
- 11:17 AMJoshyWoshyPookyWookyPookFox49right on, I had a margin account until I kept breaking the pdt rule and got my margin restricted 8) lmao I overtraded a lot in the beginning
- 11:28 AMkFox49JoshyWoshyPookyWookyPooI did that on my etrade account. I was so mad at myself. My margin account buying power is 7.4k. I will take a 5k long max on a good setup like RUM. Kicking myself for using all my day trades in one day. Used my last one on RUM. I've been thinking about that for the last two days. If only I waited for a A+ setup like RUM each day I'd be doing much better. Working on my margin discipline.
- 11:36 AMJoshyWoshyPookyWookyPookFox49ahh yeah thats rough. i remeber that feeliing. on the upside thats a good reminder to save that account for the best trades. I struggled with that a lot so I just went all cash which has its limitations. But dont sweat it too much, you'll find that right rhythm. It does feel silly to be out of trades for no good reason lol
- 11:43 AMparvitradeKPRX nice volume
- 11:46 AMkFox49JoshyWoshyPookyWookyPoo$MARK was a good trade. 4000 shares long in at .72 out at .78. The most I've had a in a cash account was 12k and I was making dumb trades, over trading. I realized if I have a margin account with 7k buying power I'm risking less and forced to wait for the best setups. When I was out of day trades and could not enter $MARK again it sucked! It was PDT punishment. It is working lol
- 11:51 AMJoshyWoshyPookyWookyPookFox49"PDT punishment" :D hey fomo aside, at least you made some money on it!
- 11:52 AMJoshyWoshyPookyWookyPookFox49btw i think the $RVSN idea we were talking about could also work for $FNMA between 1.15 and 1.2
- 11:56 AMATXTrader$NRBO - mho is the market makers did what they were paid to do - hold the stock at five bucks towards lunchtime. the volume is insane most likely from shorts early in the day. my average is 5.4 on a small position. already took an early trade and cashed out of that. I am not trying to influence anybody here, please understand that. Just explaining what i am seeing on this ticker today.
- 11:57 AMJoshyWoshyPookyWookyPookFox49it is green on the day, it could keep bouncing but it seems kinda iliquid for a stock that price. Hopefully it ramps up
- 12:00 PMkFox49JoshyWoshyPookyWookyPooILUS can run in this market considering OTCs overall aren't as hot as they use to be. I think it went up 125% on the day two weeks ago. If you look the one day chart you should see it. Was not too long ago
- 12:06 PMJoshyWoshyPookyWookyPookFox49im fading, im gonna knock out for an hour since its midday. lol I got a buy order on $FNMA at 1.2 and another one on $RVSN at 11.4. I doubt anything will happen but these seem like safe ideas. fingers crossed
- 12:08 PMkFox49JoshyWoshyPookyWookyPooOTC plays I'll use cash. No way am I going to use margin on a OTC. Maybe down the road but right now its a hard pass to use margin on a OTC
- 12:11 PMTroyManMONI 14k shares in $0.014 on the 51% dip off 1/19 $0.0285 HOD using a pre-set Limit Buy per my 2/27/21 Profitly blogpost Super Sale Strategy https://profit.ly/user/TroyMan/blog/super-sale-strategy for the Sykes #5 bounce play; OTC Top 2 Biggest % Gainers with Volume 1/9; 17-time former runner since 4/27/22.
- 12:40 PMaj_scoopsTommySlopesIdeally, you want to look for a FGD after a stock has run multiple days with volume and range. Then, you'd wait for the FRD, and then be on watch for the FGD......or you want to look for a stock that has a big % gain on the day with big volume/range, then have a low volume pullback day, or consolidation near the highs, then be on watch for the FGD. This of course is if the stock has shown history of doing it in the past.
- 12:44 PMTommySlopesaj_scoopsThanks for that explanation. that make sense. On a weekly chart it is in No mans land
- 12:45 PMalwayswise@timothysykes OMG. Reading the 1/29 SEC filing for TPET. Exactly as you say in Challenge training. Complete expose' of expected failure page 15 Risk Factors. Sobering.
- 12:50 PMCashWaylon1ARQT new HOD
- 12:53 PMTumbleweedLOL!!!
- 12:55 PMherrera858well said
- 12:58 PMCashWaylon1Jayray_68that low entry around $6.50's would've been great I've had a lot going on so I missed it.
- 12:59 PMJayray_68timothysykesid rather miss plays as opposed to learning the wrong lesson, youre right im a stubborn fella at times RUM isnt a random pattern same day 2 move as DWAC i do my spread sheets i put in the work to know whats random and whats not. a ticker accumulating shorts for multiple days can create fantastic short squeezes. timing is the tough part lots of shake lots of fake all month thats the problem im facing thats what im adapting to.
- 01:04 PMtimothysykesJayray_68if you have to trade every day, focus at/near the open, infinitely better odds, give me 200 burpees now as that will frustrate you like the market so you'll have nice symmetry
- 01:06 PMCashWaylon1ARQT continues upward, another new HOD
- 01:07 PMCherBehrtimothysykesI wish I remembered this lesson a few hours ago instead of losing $60 waiting for a $1 cross play on KPRX.
- 01:13 PMkFox49haychmalikwatching $NRBO. Made two lines on the one year chart. Just watching here for 10 minutes and back to webinars
- 01:13 PMJayray_68timothysykesill do the burpees forsure, i appreciate your input and statistically avoiding the afternoon plays have been the key to protecting my morning profits. i probably do overtrade a bit have been scaling back on that. mid day unfortunately is the only time of day im not running around my shop like a mad man which is my problem not the markets problem. just affording to adapt.currently
- 01:18 PMJayray_68did grab some RUM long here 6.87 on a 6.78 risk afternoon perk to green on day 2 worked beautifully on DWAC since this ticker loves to grind away im risking the dip low here if it holds ideally a nice run into the afternoon and breakout reclaim if not cutting losses quickly and avoiding this play since it grinds awkwardly and i don't like to chase aim small miss small perk to green and dip high resistance right back near the breakout giving it the stab
- 01:24 PMkFox49NBRO quick look at the intraday chart. Nice confirmation at 930am. Stayed well above the PM low. It is 130pm. Power hour generally 230-3pm. Low volume right now. Dead vwap aka it is flat. Long term history this chart is a one and done. Some impressive 1-3 day moves but mostly a one and done. IMO
- 01:53 PMATXTraderhaychmalikplease study to understnad how to find support and resistance levels by using the one year and multi-year daily charts and also looking at 2 to 5 days minute charts on a mover if you didn't partake on the first day of the move.
- 01:56 PMmattlopesmlhaychmalikintraday support can be found by levels indicated by zooming out and looking left, gives you more of a winning chance
- 02:13 PMjoehasa328Jayray_68I literally just wrote myself a sticky note that like 30 mins ago, and 10:30 has been l.o.d. then start up. looks like im learning quietly over here
- 02:15 PMTommySlopes$NRBO fun to watch.
- 02:18 PMCashWaylon1Glad I'm studying. Watching some Tim Grittani video lessons, his 2018 Trader and Investor Summit Speech is really good.
- 02:32 PMmillerruth23Excited!! I finally get to be here for Jack's webby!!! (dance)
- 02:33 PMTommySlopesEverything seems to be working
- 02:39 PMHIMMENYJackarooNRHI nice pump that gapped down on CE , i managed to get some short before the CE , do you think the "price action" although low liquidity was showing potential for upcoming crash yesterday and tuesday ? i thought it looked similar the way the pumps topped out in the old video lessons
- 03:06 PMKetoSpeculatoryou mentioned the yoda candle on one of your trades- explain that?
- 03:09 PMTumbleweed$PXLW is a semi name
- 03:13 PMBruceMelonWould you entertain a PXLW swing at these levels?
- 03:14 PMDeMattia73biotechs put out one pr overnight and you lose 50% - sketchy overnight traders
- 03:17 PMKetoSpeculatortresmateogoogle/research the definition of offereings, warrants, atms, etc. I'm pretty sure dilution tracker has pages on their site that explain each of these, especially if you pay the monthly fee to have their premium membership. If you see ATM's that means 'At the money' offerings where they can dilute at whatever price. I believe it's warrants that require the stock to hit a certain price. In about 20 minutes of reserach you could get those basic definitions that would help you better read dilut
- 03:17 PMKetoSpeculatordilution tracker
- 03:18 PMKetoSpeculatortresmateoSykes also has the SEC filings DVD that would give you that info to better read dilution tracker
- 03:19 PMSharonRobsonsound gone
- 03:20 PMSharonRobsonI hated reading SEC filings in school....
- 03:20 PMLuckyEddieNEXI Rising
- 03:21 PMPennyPacker01JackarooHey Jack, Im slowly trying to learn how to size up on my positions and was wondering if you have any tips. thanks
- 03:22 PMCelso_WellJackarooNot sure if you went over this but thoughts on a NRBO short squeeze here at 6 into the close?
- 03:23 PMchriscruz1025Jackaroohttps://www.youtube.com/@rickyanalog/videos & https://dilutiontracker.com/app/learn?a=361466 - these are the two links Jack shared on 11/30 when he went over dilution tracker recommendations
- 03:26 PMmillerruth23JackarooVery good webinar, love your perspective, and you do a great job teaching. Love the chart line recommendation.
- 03:28 PMchriscruz1025JackarooWhat DVD/video lessons do you normally see yourself rewatching over and over again?
- 03:29 PMchriscruz1025JackarooIm assuming framework since its your favorite, so what would be the second choice
- 03:29 PMKarinaDLambJackaroodo you ever go over the spreadsheets you've gathered throughout the years to hon in on your plays.
- 03:31 PMTommySlopesJackarooCan I just say that $AMZN doesn't look like a stock that is going to disappoint on earnings today.
- 03:35 PMSwordNtheStoneCan you talk a bit about what SSR is please
- 03:41 PMchriscruz1025Jayray_68Are you still looking at RUM as well with the small perk above VWAP right now?
- 03:42 PMjabuntinHey Jack, so I know step 7 in the framework usually shows a slow fade in price and in volume. When I look at a stock like $FSR it had that price fade, but the volume is still pretty high. This looks to be mainipulated because it's usually stuck in .10 cent price range every day for the past month.
- 03:43 PMmattlopesmlwhoops sorry jack! didn;t mean to tag you
- 03:45 PMDeMattia73AndrooI have a chest freeze cold plunge out back - haven't electrocuted myself yet so I think I am doing it right haha
- 03:46 PMMRI_GUY_007Thanks Jack, you're a real encouragement
- 03:46 PMmattlopesmlJackaroorecommendations of meditation either books, videos, for meditation? looking to start myself as have heard of plenty of bennys! Thanks Ajck for the webby
- 03:46 PMSwordNtheStoneGreat webinar, thank you!
- 04:02 PMmattlopesmlJayray_68glad to hear you stayed safe man, those .76ers could've been a brutal time to cut
- 04:03 PMHirtzanother breakeven day. Shook out of my best play of the day on IQST. I really like the daily there but one little dip shook me. I expect more movement tomorrow. Lots of other hesistations like on CBMJ at .20. Gotta get my confidence back somehow. This week has been nothing but frustration for me.
- 04:04 PMJayray_68mattlopesmlgotta respect risk afternoon trades just arnt what they ised to be, no matter how good they look.
- 04:06 PMmattlopesmlJayray_68true that! $PXLW 01/30, consolidated all day, looked like it could go and then death found it
- 04:11 PMKetoSpeculatorLet's see if $NRBO squeezes A/H. I got in at $5.55
- 04:11 PMSangTraderMETA and $AMZN earnings $$$
- 04:20 PMSangTrader$meta - 8k win and $amzn - 1k win.
- 06:04 PMmattlopesml@NAMIR - yes swinging a small portion
- 06:05 PMmattlopesmlclosed most of it in the 5.60s - risking crack of 5.20s
- 06:31 PMTeam_JandKDawgsNo, we didn't get one either but that is normal. They do not come out everyday because sometimes there is just not the right set up. Sometimes we got them every day in a week and other times a day or two does get skipped.
- 07:01 PMTeam_JandKherrera858Hey Carlos! Doing great. Just another day of watching and missing the things we knew we should have tried, but it is ok. We made some money off our first selling a put on an option yesterday and closed it today. How have you been?
- 07:14 PMherrera858Team_JandKOh very good with the option. I actually watched the replay of the masterclass last night. Yeah I'm doing well over here. No trades today. I missed the morning open and just watched for the day. Just getting ready for tomorrow and will watch some dvd's as well.
- 10:52 PMherrera858Goodnight Everybody!!
