ANOTHER 250% Short Squeeze

What's up, everyone? All right, in today's episode, I'm going to break down my trades from the morning. I'm sitting in the green thanks to one stock that put in a huge move. This is a day where our scanners are actually really interesting because just before I logged off and finished the day, I noticed that our leading gainer was up about 200% and the second leading gainer in the market above 50 cents a share was only up 30%. So it was like a very steep drop off from the one most obvious stock and then everything else was just seconds. Nobody cared about it at all. And that I think worked in our advantage today in our favor because all attention was focused on this one stock that was so obvious. But when that stock rolled over and it has rolled over then what did traders do? So traders ended up basically jumping to the next stock down which has now moved its way up to being the leading gainer. So the two swapped places and it so we really saw this kind of like musical chairs where everyone was focused on this stock then everyone switched to focus on that stock as I finish the day here. I'm in the green as you'll see now. Actually this is the uh the simulator here which I was just um demonstrating uh for members. So $14 loss in the simulator. Um, but this is all integrated into the Day Trade Dash software for charting, scanning, news, simulated trading, so you can practice trading these new strategies you're learning. And the reason I want you to do that is because I don't want you to put real money on the line until you can go in to your daily performance and your aptitudes and see that you are consistently profitable. So, you know, in the simulator where I'm just kind of, you know, messing around, I just punch a bunch of buttons basically and just show people execution. I'm not trading in a simulator to make money. So, my accuracy is pretty poor. I'm read quite a lot and I shouldn't be trading with real money if that was my strategy. However, as you know, that's just for simulating. That's just for testing things out. For me, this is where I keep my metrics of real money trading. And this is Trader View, and this is a look back at the last um well, we could just look at the last week or so. So, if we look back here, you can see um kind of a little slow period until yesterday had a $24,000 green day. And today I'm up uh 18,000 as you could see right there. I peaked at 29,000 on the day. Same as yesterday. And I gave back about 11,000 off the top. I think I had total of about five trades today. Let's see. The first trade was a winner. Second trade was a winner. Third trade was a big loss. Fourth trade was a small loss. So actually it's four trades and uh 50% accuracy. And yet even with only 50% accuracy, I'm doing really well because of my profit to loss ratio. So if we look at detailed here and we look just at um monthtodate. So this will be just this month. So we're just going to look at the month of July. We're going to look at our average winners and our average losers. So average winners are $6,200. Average losers are 1300. So even right now with dismally low 41% accuracy, I'm up $50,000 on the month. Now today with 50% accuracy I have two more trades. So it'll be a total of 14 winning trades and um 19 losing trades. So you know the metrics will change slightly. But still accuracy has been a little bit poor. However, I've been cutting my losses quickly. And so if you cut your losses quickly, even with poor accuracy, you could do really well. It's all about the relationship between the average winners and the average losers. But uh if we look at a calendar here for the month of um July, you know, I was hoping to get a stronger start. And the reason was because on Tuesday, June 30th, I was up something like 77 $80,000. It was a really solid green day. It was a great way to finish the month. And then I thought, "All right, here we go. This is great. We're going to have a great week here." And then it really cooled off on Wednesday and Thursday. And then the market was closed on uh Friday the 3rd for the Fourth of July holiday weekend. Coming back, I thought, "All right, you know what though? I had such a strong finish to June. It's a holiday week, but we're going to come back first full week of July and we're going to crush it." That's what I was thinking. But we came back and Monday, it's crickets. Tuesday, not much better. Wednesday, no trades. And then finally yesterday, Thursday, we had a stock that was squeezing. So yesterday, we had some action. But if you recall yesterday, it was all focused on that one stock and everything else was just, you know, seconds. No one traded it. Today was very similar. We had GMM squeezing up pre-market. And GMM was our leading gainer. Right now it's up 115%. But this morning when it was first on the scans, let's see, uh, yesterday's close in this area, we were up 170%. We peaked at 250% today. Uh, and this was the leading gainer by far. And the second leader, the second leading gainer of stocks above 50 cents was only up 30%. So, everyone was trading this one. I mean, it currently has what 100 106 million shares of volume and the others no one was focused on. Now, JZXn once GMM rolled over, attention switched to JZXn. So, it was only when they had this switch. So, musical chairs, right? Everyone gave up on GMM. Look at the drop. People gave up on GMM. It sold, it sells off, sold off, and then they switched to JZXn. This one picks up. So, people did a little trade. The thing with GMM is that it made such a big move pre-market, but it um unfortunately this move was also marked by a couple of big false breakouts as you could see here, this one, this one. And I caught I caught one of them um myself. So, why don't we break down the trades I took on it now? As you'll see right now in my small account, there are no trades. Um, and I'm not going to do a small cap small account uh recap today. However, you'll see three canceled orders because I tried to buy. I tried to buy and my order I don't know. They just got they didn't fill and so I have I just ended up having to cancel it. It didn't fill. I I don't know why, but this was at $444. So, and it was for about 3,700 shares. So, I'll show you that trade in just a second. All right. So, uh, so yeah, first sat down this morning and GMM was the leading gainer. Um, now it's Friday and my schedule today was a little funny, so I was helping, um, my kids getting ready for, um, summer camp and, uh, so I I ended was running a couple minutes late and so I missed this first trade right here at 7 a.m. Bummer. Now, would I have taken it? I don't know. I mean, it's kind of funny. Like you had this big move after hours pre-market extends higher to four, pulls back. It's below VWAP, below VWAP, below VWAP, and then it rips through VWAP here. I probably would have taken a micro pullback right in there. Let's look at the 10-second chart. So, we're going to move this forward. Yeah, I pro I probably would have bought right in here for a little dip from 390 up to 420 and then 440. uh it wouldn't have been obviously a home run, but it would have been a decent trade. So, it would have bought that micro pullback right in there. Anyways, I missed that and by the time I was sitting down, it was consolidating here. However, when I looked at it at that time, it already had a lot of volume and it looked very thickly traded. When I first pulled up the level two, I was looking at the spreads and they were very tight, even tighter than they are right now. They were like a one- cent spread and and it was stacked on the ask, stacked on the offer, stacked on the bid. And so I felt like, man, I just don't know if this thing's really going to be able to open up. I I kind of feel like it it won't. So I was hesitating a bit. I was just watching it. Uh and it does end up breaking here from 402 to 444 and five. And I was like, gosh darn it. Well, I don't know. I I guess I missed it, you know. We'll wait for the next one. Drew a blue line connecting the top of those two candles. Just like that little ascending resistance trend line. It comes down here and it comes back up. Do I take this trade for the squeeze through five? I don't because look down. The MACD had flipped into the negative. And so I said, "No, it pulled back a little too much. The MACD flipped negative. I'm not going to take that trade." So I don't take it. It pulls back a little bit more. It goes under volume weight average price. Then it curls back up right here. And that was the trade that I took. I was looking at the break of 444 and then the break of 453, the high here for a retest of five. And so I punched that order as you can see. And I'm I have no idea why the order didn't fill. I mean, it says this one was rejected for buying power, but this was this was the one that should have filled. So, this one I pressed, it didn't fill. Then I pressed it two more times and it still didn't fill. I don't know. I I just don't know. So, it's disappointing, but um they say that's what it feels like to get schwabbed. Um to watch a stock go and your order gets jumped for whatever reason. It happened uh a couple it's happened a few times, but anyways, that happened there. So, so we get this nice pop right there, but the small account doesn't get to benefit from it. All right, so that's a bummer. So, then it pulls back, consolidates, it pushes a little higher, pulls back, goes sideways, and then we end up squeezing here, as you can see, up to the high of 650. So, in this area here, I got interested because what I was noticing, and I'll show you on the 10-second chart, was that we hit this high of five, then we pull back, then we come back up. Uh, then we, let's see, where is it? So, it was right here. We have this nice pop right there. We come up to here and we drop down. And I was wondering how low it was going to drop. I wasn't really sure. It ends up coming down here to about 480, you know, pops up, pulls back. And what ends up happening is we kind of just have this um this sort of support level like it's just kind of like it's not dying. And so as I kind of watched it here dipping down and then popping up and dipping down, I was paying close attention to the high a day which was right here around uh 538. So this tap broke it, pulls back, tests it, pulls back, and then when it curled up here, I punched it right there in my big account. And this gave us a squeeze from 540 up to 610. It pulls back. And then right here, I'm getting back in. We get a squeeze up to 640. And then right here, I'm adding back. So, first winner, second winner, loser. So, winner, winner, loser. And then bought the dip down here and lost again. But only that was a small, it was a small loss. So, this is where I started to step up to the plate and get aggressive. And then it just didn't come together. And when it curled back up here, let's switch that over to um let's see the one minute chart. The MACD, as you can see, again, was negative. And this was very similar to the rejection we'd had at five. So, I was like, nope, I can't do that. Then, as we came closer to the open, it was just pulling back too much. And so, I didn't get any more trades on it. I did see JZXN um hit the scanners with news this morning. um signs AI signs agreement cooperation agreement with AI intelligent imaging um data platform company blah blah blah blah and I was like uh I don't know it's a Chinese stock we've seen these pops on it before it's a little cheaper not sure you know daily chart nothing super concerning uh but wasn't really sure it popped up to two it then sold off as you could see right here and then it kind of comes back up again so yeah I don't know I just um that one I just wasn't too sure about and so I didn't end up taking the trade on it. Uh, I'm going to just switch this to the extended line from the ray. So, if you put a little star next to the tool that you like using, you'll get this little sticky menu that you can use when you're in like full screen mode. So, full screen mode, then you can grab the the ones that you want. So, anyways, JZXn moved a little bit higher. Now, yesterday after the closing bell or well, yeah, it was after the closing bell, we had JLHL that ended up putting in a unbelievable move. So, this one was just kind of grinding, grinding, grinding, grinding, and then all of a sudden it goes swing from $15 to $25 a share all the way up here to a high of what was it? 30 $32.70. That's unbelievable. It's a huge move. Really impressive. Uh but then it ends up coming back down. So, my guess is there were some shorts that got trapped and got squeezed out. Um, I wondered if we would see a short squeeze on GMM because of the way it sort of just kept not dying. Um, you know, but on the daily chart, the areas I was kind of watching was that we had this window from about 475 up to about 1173, the top of this candle back here on um, June 9th. And then back here, we had sort of this gap that began right there and then goes all the way up to here. And so anyways, there were a couple interesting windows um but it wasn't able to fill them. So in any event, I'm finishing the day in the green. I'm grateful for that and I will live to trade another day. I'll be back at it on Monday morning. And so I hope you guys all have a great weekend and reminder as always to take it slow, manage your risk, and practice in a simulator before putting real money on the line.