Transcription
What's up everyone? All right, here we are. This was unexpected, but it shouldn't have been because if you tune in to my YouTube channel, which you probably do because you're watching this recap, you may have noticed that yesterday was just another day in the life of a local hero. That's right. I saved some lives yesterday.
I was driving and I noticed on the road a whole batch of screws just sitting on the road just like this. In fact, I humbly posted a picture of it on uh the YouTube uh post section uh of the actual road. This is what it looked like. So, drove by uh coming the other way. And because I was wearing my glasses while I'm driving, uh I was able to see in the oncoming lane all of these little things. And I thought to myself, that couldn't be, could it? Are those screws? I wondered, well, it's not a, you know, it almost looked like I drove by a cherry tree with all those little stems, but I thought, that's impossible. It's the wrong season.
And so, I turned around, I doubled back and I doubled back. I came back down the road and I stopped. I put on my four-way flashers and I got out of the car and I said, "Don't worry. I'm here. Everything's cool." And so, I walked across the road picking up these screws. In fact, I even got a drill bit, which is pretty pretty cool. Pretty handy. These are easy to lose.
So, as I picked up these screws, I reminded myself that for every object, legend has it, that you remove from the road, you earn a point of karma. And I plan to cash these in today. I said it yesterday. Now, it was moments after I had finished picking these up that you began to squeeze. Coincidence? Clearly not. Coincidence that I'm up $37,000 here today? Certainly not. So, let's count them out. 37 of these. Well, 37 of these are going to today's profit, but I think I'm still going to have a few left over. Now, if we actually count this out, I don't know. This might be might be pretty darn close.
So, one could say that I'm feeling good uh this morning being up $37,859.95 on EEIQ. trading today's leading gainer in the market is currently coming back down. It's right around volume weighted average price, but this morning we got a really nice rally. Now, my day didn't start as nicely as it's finishing. In fact, my first trade was a $323 loss, and I thought to myself, what is the purpose of picking up all these screws if not for the good karma? Why? Why was I out there doing this? It's not paying off. Something's not right. But I just needed to be patient. This was a test, the ultimate test of the market.
And so, as it turns out, uh that test uh which I passed because after TGL, that $323 loss, I did not get emotionally activated. Someone said, "Ross, your veins are cold as ice." And I thought, "Yeah, yeah, they are." Because I'm down $323 and it doesn't even faze me. I don't even care. Not a bit. And so I um I actually just started sitting here watching a show on Netflix. I was like, "You know what? I'm really going to phone it in today. I'm not even going to try. I'm just going to give up. It's not happening." You know, whatever. It is what it is. Maybe tomorrow will be a better day.
And so I'm just sitting here kind of watching a show. I mean, I'm sitting in front of the computer, but I'm also watching a show. And then uh we're getting close to the the open, the bell rings, and all of a sudden, EIQ squeezes up and as it starts squeezing up, I thought to myself, golly, this is the leading gainer. It's a sub 1 million share float and it's moving pretty fast. And so I was actually just kind of messing around in um our simulator here, just kind of taking a couple trades and testing out some new hotkeys that we've been working on. And uh I was looking at it as it came up to uh what was it? 550. And I thought, gosh, this thing really is moving pretty fast here. Um, should I should I go ahead and punch this thing with real money? And I was sort of like thinking to myself, well, I don't know. You're down $323 today. It's obviously a red day. Um, but it doesn't matter. Uh, on the other hand, should I trade at this time of the day? It's a little later. I'm kind I'm really at the end of my window when I typically do the best.
And so, um, I I sort of hesitated at 550. I I noticed the volume was like 25 million shares and I thought it looks a it does look a little crowded. It's a little heavy there on the ask. I don't know if this thing is actually going to work. Um, and then all of a sudden it's showing, you know, 575, 580, 590, and I punched it at 595, but I got filled at 607. I got a little slippage on that order. Well, it rips right up to 629, 639, and it gets halted. Boom. First trade. All of a sudden, I go from red on the day to green, and I'm holding some shares until the halt. It resumes. It dips and rips. and I add and all of a sudden we get this squeeze up to 7 up to 760. Then it pulls back. It taps. What was the peak here? The peak was like $820. And um, you know, I traded this rally up for about $4,500 of profit. Managing my risk, not doing anything crazy. And I I bought the dip down here off of seven. It bases out here at seven. It comes back up and then it comes back down again here. And I said, "Well, if it can hold seven, I might do another dip." But it didn't. It broke. And I was like, well, yeah, all right, that's probably it. And at that point, I thought, uh, well, you know, that was a decent little trade. Um, green, I think at that point, 3,500. I gave back like 500 off the top or something like that. Um, and I thought I was probably done for the day.
And then, um, I said previous support was 690. So, that's probably now going to be resistance. This was support here. Now, we break below, it's going to be resistance here. So, this is probably not going to work. And at the same time, the one minute MACD um was starting to come in. It wasn't negative, but it was starting to come back in. So, I thought it was over. And then all of a sudden, it rips back up here, back over seven um really quickly. And all of a sudden, it's right up here. And so, right here, I bought this dip. And what I was looking at is that actually now this looks like an inverted head and shoulders pattern. And so, I got in right here at 720. And now that I had a cushion on the day, uh, I felt a bit I was like, "All right, you know, let's do this." So, I jumped in here at 720. I add 760 and I added at 8. And look what happens. It goes straight to 872. Boom. And just like that, that was an awesome winner. And like that, I'm up $28,000 on the day. So, that right there was a $24,000 winner on about 30,000 shares. That was really solid. So, I scaled out obviously, but it was a good trade.
It pulls back, it dips back down, and then it does a little false breakout here, but then it bases out here, and then it curls back up, and right there, we get a break through 880, and all of a sudden, we're seeing $10. It's halted up right there, 9.88. It resumes. I got a dip and a rip. We got a squeeze all the way up to just under 12. Then it dips, and then it comes back up. Breaks over 12, but it's a false break. not super clean. Traded it, but didn't do well in that. We got a topping tail candle there. It pulls back and then it starts to reverse back down. So, if we look at this, that's all on a 10-second chart. If we look at this on the one minute chart, it tells a slightly different story. The one minute chart shows a shooting star rejection here and a shooting star rejection here. In spite of this shooting star candle, it did rally back up. This one, however, it wasn't able to. Um, MACD went slightly negative right here, then back to positive. It went negative here and has stayed negative. So, you know, at the end of the day, we've got a stock here. Um, also, by the way, we had this pre-market squeeze um right here from $3 up to uh $8.90. So, that was pre-market. It sells off and then rips back up.
And so the whole time I was kind of like, all right, well, first target 688 and then, you know, 8 8.90 and there was a level in here, whatever, 780. And so I kind of knew we had some resistance levels, but then we were able to get through that all the way to the new high. Um, and again, as I mentioned, Ugrow yesterday puts in a phenomenal short squeeze minutes after I picked up those screws. So you can thank me for that. You think of me as a hero in the market. Um, everyday hero in real life, too, though. hero in real life.
Um, now, you know, when it comes to these screws, um, as I said, you know, this is a an important lesson for you guys to learn. You need to learn this. You pick up these things in the road when you see them. When you when you have an opportunity to do a good deed, you do it. You pick them up. Now, does it matter that you're the one that dropped these screws in the first place? That they fell off the back of your car? No. No. See, that doesn't matter. In this case, it doesn't matter because you did the right thing and you picked them up. Now, one will never know whether or not I'm just joking around and I actually did spill these on purpose only to pick them up and save the day or if this was genuinely something that I found. Um, I know, but you're just going to be left wondering. So, in any case, um, I I do try to pay it forward. Um, I recently uh it was last summer, actually saved someone from their car before it caught on fire. Now, the critics will say the car never caught on fire. And I said, "That's right. Thanks to my quick thinking, I got them out of the car before it caught on fire." See, you're not listening. I said I saved them before their car caught on fire. Right? This is this is really, guys, it's not that complicated. You do good deeds, good things happen.
And so here um you know, we get this incredible short squeeze on um Ugrow from 12 up to 24 up to 36 all the way up to $56 a share. This is this was beautiful. And someone asked me yesterday, you know, how I felt about this making a big move and me missing it. And I said, well, this is to be honest, um this is classic bare market stuff. In a bare market, you're frustrated. You're not making a lot of money. And then when you see a stock that makes a big move. Maybe it's at 4 in the morning or it's after hours. It's at a time of day you never trade, you feel so frustrated because here I am struggling just to find a few good opportunities and then a stock goes up 700% at a random time a day. Now, during a hot market, you don't really think as much about those moves because you already have a good cushion. You know, you make money during your window. You're grateful for that. And so what if a stock goes up after hours or pre-market or unusual time of day? You don't think about it. But during the cold market, every one of those stocks you notice and you're like, gosh darn it, that could have changed my entire month. But what am I going to sit here for, you know, 12, 14 hours a day waiting for that to maybe happen? That's the biggest move we've seen in six weeks. So would you have sat here all day every day for six weeks just waiting for that? What if you ended up doing all of that and then the stock was restricted by your broker? Let's just say because that's been happening for a lot of traders. What if you did all of that and you didn't get filled, right? I mean, it it to me, if you're willing to spend that much time in front of the screen, that's fine. You won't miss opportunities, but you do have to be a little careful about falling victim to decision fatigue. and later in the day, you know, your kind of stamina wanes and your ability to maintain good decision-making is compromised.
So, what I know for myself is that if I sit here for 12 hours a day that I am more likely to take trades out of boredom just to try to justify the fact that I've been sitting here for this long, you know. So, you start getting a little trigger happy. And for me, later in the trading day, typically when there's less liquidity, being a little trigger-happy, um, that's not good. You know, that that can result in really big losses. So, I know that about myself. I also know that the relationship I have with trading is at this point I'm trading from a position of abundance. When I first began trading, I was trading 100% from a position of scarcity. I needed every penny that I could make and I was absolutely willing to sacrifice my time in order to get those pennies. But even in those days, I found that there was a window of time each day and it was the morning when I made the most money and that it was typically the afternoon when I had these big spiraling losses. And so one of my um one of my turning points was looking at my metrics and realizing look if you only trade from at that time 9:30 in the morning till about 11 11:30 you're actually better off for it and then you can shift focus and spend the rest of the day doing other things that can either help make you some money or help reduce your cost of living. For me it was reducing my cost of living by chopping up firewood and painting the house and doing you know fix it projects around the house. so I wouldn't have to pay someone else to do it. But whatever the case may be for you now at this position, you know, all these years later, I'm trading from a position of abundance. I've done really well, uh, you know, certainly over these last couple years. Last year was a $6 million green year for me. And so, I'm more trading from the perspective of I want to trade really good quality setups when I see them, and I don't want to participate in trading a market where nothing is working. Not only is it frustrating, it it's a waste of time and I end up losing money. So, I'm actually gonna trade less when it's slower because it's not worth it. And I'm going to dig deeper and trade longer when it's hotter.
Now, today, you know, well, wasn't yesterday a hot day? Sure, in this con in this very narrow view, yesterday was very hot on this one particular stock, but there was no real way to predict that. A hot market is when we're seeing moves like this happening every day, you know, practically like every morning we're seeing these moves. And so every morning I'm sitting up 25,30, $50,000. My hot market daily goal is 20 grand. And I consistently hit $20,000 days every single day last year. That was my average to do a $6 million year. So this year, my average is only $7,000 a day. It was good for January, but now it's really kind of tapered back. Or maybe that's my average for the last 30 days. But in any case, I'm up about $650,000 on the year. I funded my account with $100,000 at the beginning of the year, so the account is at about $750,000. It's up 7x, which is phenomenal. The rate of return is great. Um, I'm pleased with that. Um, but you know, 7* 4 is 2.8 million and we're almost at the end of Q1, right? So 2.8 28 million is certainly um you know less than half of what I made last year, but but would sitting here longer make a really meaningful difference? Sure, I would have caught this one trade on Ugrow, but I don't have million-dollar days. I don't have million-dollar winners. I my profits are the culmination of hundreds and thousands of base hits. And so what I need in order to hit all those base hits are just lots of good opportunities. That's it. I mean, I'm thinking of um you know, this kind of like concept of um you know, surviving off of the land or whatever and surviving by catching fish and and each trade for me is a fish, you know, but I got to catch a fish every day. I'm not catching whales here, you know, so to speak. I'm not I'm not catching such a big um you know, trade that it can tide me over or that one trade will actually make a meaningful difference on my entire year because it won't. It never has been that way. Even the biggest trade last year was probably only about $100,000 of profit. Now, I'm not saying that's not nothing. It was great, but in terms of percentages, you know, was that it's a couple percent. So, you know, a day like yesterday, I mean, again, they all add up.
So, you know, if you if it works for you to show up and you will gain experience by trading them, that's fine. But I just think that um to answer the question, did I feel a high degree of FOMO? I didn't feel FOMO because it's not the time of day I would typically be trading. I think I just felt a little bit like that's classic. This is classic bare market stuff that of course the biggest move would occur at an unusual time of day and I would miss it. That's typical. Uh and it's it's annoying, but I can't, you know, I can't then carry that with me too much because it's just not going to serve me. And so today I did trade a little bit later. I was ready to do my recap at 9:35 and then all of a sudden EEIQ was squeezing up and so I was like, well jeez, I mean it's moving pretty quickly, so I'll I'll go ahead and trade it. And those are those are the conditions when I would trade a little longer. Something is moving and we've got good action. So all right, that's fine. But I'm not going to keep trading today. So, if you get more action later in the morning, nothing. I'm not going to um you know, I'm not going to get any of that.
This is uh this is a good day for me. And I would say this uh will end up being probably the best day of the month. Um this certainly recoups the loss that I had on Tuesday, which was a $6,000 loss roughly. So, you know, uh, Tuesday was I haven't imported it yet, but um, you know, Tuesday was a wash or sorry, Monday was up 7,500. Tuesday I gave it back. Wednesday was small red minus 100. And now today is up, you know, 37,000. So now I'm in really good shape here on uh on the week. All right, so anyways, that's it for me. Um, I will be streaming as always tomorrow at 7 a.m. bright and early. And for those of you guys tuning in on YouTube, if you haven't already checked out a two-week trial, link is posted in the comments and it's also in the description. So, you guys can check that out. Two week trial for 20 bucks. You won't uh you won't regret it. You're going to learn a ton. So, uh, check it out and I'll see you guys back at it tomorrow morning. Reminder as always, trading is risky. My results aren't typical. So, manage your risk, take it slow, and I'll see you guys tomorrow morning.