Hope you all had a great trading day. Pretty clean trades lately, not many traps that weren’t obvious. Trends doing what they should not many false liquidity creation trap names this week which is nice. Less headaches but we also tend to get comfortable on sizing in times like this. Just remember, have guard up – and respect proper risk management but more importantly sizing. All it takes is one over sized short when you let your guard down and get fooled by fake liquidity meant to entice you into a short position (trap).

Things have been heating up all around.

I was thinking tonight – leave a comment in the comment section if anyone wants to add value on broadcast. I am always looking to find talent and different well rounded view points. I’d love to find some macro/large cap traders. Reach out, I am happy to give anyone the mic, even Jim Tilton.

GXAI good levels, action and alerts on offering.

SOUN $10.50 AHs! Thought today at $7 was $10-12 and many likely thought I was crazy cuz I sure as hell thought I was. But, either way going to be a massive trade setting up. Already has been both ways. Options tripled today from the idea. Still trading them baby size but, nice to know when I have an idea that I likely won’t hold equity for, I can still get paid.

VERI the big one today along with NCNA – been good about de-risking when things don’t go 100% to plan. I thought after two push/fails that it’d stay heavy al day but the third one ramped to .70s so sized down .68 range then re scaled .68-66-.65 and basically made same trade making it to .505 pretty much being the last cover until the .40s it went too – who wants another dime anway?

BMR big one even AHs I sold some more.

I raised some cash today in IRA on names that were down .05-.10 on swings and not working. Again, I want to let winners run and cut losers off fast. Repeat repeat repeat. I think you’ve seen it by now how many 30-50-100% movers there has been vs. names that don’t hold a bid the first 30 minutes and — just move along. Being very mindful of what I am doing as it’s EASY to get super sloppy fast when trading a lot of positions.

MINM I had big goals after nailing the $6-7 entries yesterday AHs — sure sold trading account but yes, wanted more follow through and it didn’t come. Do we over stay and hope? No, move on.

Gym in AM will be on after that.

Main Watches:

SOUN have an imagination but be prepared to squash that idea if it sets up different. More in the AM – I want to see the action pre market and then give a better thought process on broadcast. Bad ass long today and great short AHs.

RUM watch dips vs $8 – trade voids on $8 failed follow through

Failed Follow Through:

HOLO higher better for back side

TCON .70 + for break out

LSF nice squeeze into close – quick .50 + on the gapper idea but if it squeezes into close as always = sell more than hold

Continuation:

CXAI sold some AHs – great idea so far.

BMR sold some AHs 7.80s – nice long idea today.

AISP nice liq trap idea

AAGR started in today .50 flush – see if it builds if not, will bail/no scale

RAYA see if this builds

MRAI grinding

AXTI notable soak

RGLS T+2 potential but possibly squeezed out today – only interested if weak open soaks for r/g set up.

CCTG prob up crazy 4AM but can’t touch it until 7AM

BFRI nice longevity in that liq trap on daily

BPTH possible PR and squeeze play pre raise

Staying Familiar: