the reason why 90% of traders lose is
not because of random chance it's
because that those 90% they give up too
soon the 10% who make it they make it
because they don't give up and they keep
trying and be finding their strategy
until they find that one that works you
only need one pattern one strategy that
you can repeat over and over and over
again if you want to become a consistent
day trader so don't forget that what's
going on guys Tania have enough here
with and the dividual lesson and today
I'm going to talk about exactly how I
traded tik and profited 1180 $1.39 in
around 13 minutes I put in two thousand
ninety four dollars and they came out
with three thousand two hundred seventy
six so this is perfect if you have a
small account make sure that you watch
this whole video because I can guarantee
that there's a lot of great information
in this video that you can benefit from
and use in your own trading if you're
new to my videos I appreciate you
stopping by I make I make these videos
every single day Monday to Friday just
recapping my trades and I'm just giving
guys tips and tricks on how you can
become a more profitable day trader so
if you see value in this type of content
I'd really appreciate if you could leave
out a like and subscribe so let's just
get right in into this trade the only
reason why I found this trade is because
I use trade ideas when I was looking at
the pre market action today on equity
feed there was not really much that
looked really nice let me just get turn
ideas back into history here so when I
was looking at the market there was not
that much that was really enticing let
me just do this real fast there was a
couple stocks maybe there was PTI which
I'll bring up in a second but in free
market it was already up around a
hundred percent
so because it was up so much I didn't
really want to trade it that bad because
I would have really been chasing it so
let this load real fast
well while that's happening let me bring
up PTI real fast so you can see this
stock it had some great news yesterday
in the after hours they are a company
that makes medicine and they had some
really good news that they had a like
I'm not exactly sure what the news was
but I can definitely tell that it was
positive
I didn't read too much into it because
by the time I saw it it was already up
let me see how high this is from the low
twos it was already up like 157 percent
on the day so it was up way too much for
me I was about to buy the pre market
break out over this area right here for
just over $5 but like I said I didn't
really want to jump into this stock
because it was already up so much and it
didn't seem like there was much more
room to profit so I didn't train it um
looking back the main thing that you
could have taken was the morning dip so
he did have a pre murica high of the
breakout but that wasn't the best play
of the day you can tell the best play
for sure was after the after the morning
spike we dipped back down and bounced
perfectly off of this previous
resistance level one of the key things
about technical analysis is that
previous resistance becomes support so
whenever that whenever we have the price
action move through a level of
resistance dip back down and use it as
support that's now it confirms support
and it's likely going to bounce off of
it so you could have tried to this one
and you would have made probably around
like 10-15 percent I think actually like
thirty percent if you played it from top
to bottom it's more likely that it's
more likely that you would have made
about twenty percent which is still a
great great great game don't get me
wrong but it just risky because this
stock is already up so much
however with tik it didn't move at all
in premarket and we saw the same exact
thing with
yte and yesterday so here is Milo floats
movers window if you join my lifetime
mentorship you will get free access into
my tray that he is layout which means
that you can use the same exact window
and find all these low float stocks that
are moving like crazy so here it is and
the reason why I traded this one is
because it has a low price in my price
range it was moving really fast on low
volume and has a really really really
small flow when we look at this one like
PTI it's higher priced it really has a
bunch of volume trading it and it has a
very large flow of 21 million shares and
the higher the float the less likely it
is that it's gonna have a very very
large run but the smaller the float the
more likely it is to have these huge
huge spikes and if we look at the the
daily chart on tik you can see that this
has a history let me just put over here
so it's easier to see you can see it
definitely has a history of having these
large runs into this same area over six
dollars so once I saw that once I loaded
up the chart that was my reasoning to
say okay
I'm gonna jump into this as fast as I
can and hold on for the ride
so I
got in at right after it was hitting my
scanners I got in just under $3 so right
around here with only 700 shares and
instantly we jump up massively so
yesterday the issue I had a white een
was um it was moving so fast and I got
way way like way too emotional on it and
I sold way too soon
mainly because my goal with my small
account is mainly just take these nice
small profits consistently and don't get
me wrong I've been doing that really
really really awesomely as I'm in the
world awesomely I don't know the past
few months now but it burned me on this
trade because I sold way too soon I
think my buying point was low threes and
when I sold it was like high threes so I
made $119 on that trade and you can see
it went all the way up to nines and this
daily chart has the same pattern as tik
where we have these nice large random
rips that just happened on volume so
going back to tik I didn't want to make
the same mistake so instead of doing
that I took partial profits when I was
making over $1 like per share already
and that lets my emotions calm down and
that let me hold onto the stock longer
so if you have issues when you're
trading and you get rid of your shares
too soon I recommend that you try taking
partial profits because once you have
that locked in you will be much more
willing into holding it much longer and
then in the stock move now the same
thing with Dia K is that once we had
this large rip I knew that
it was gonna get a a volatility halt and
whenever we have a stock like this halt
usually after the halt it runs even more
so once we had this halt
I knew that okay this is the one we're
gonna make it into the sixes and that
was my price target and that was my
price target mainly because I was using
the previous history on the daily chart
and then recognize that okay whenever we
had a large run like this it always hit
this area of six dollars so I didn't
want to get too greedy so once you hit
that level I locked in my profits and
also what you could have used is a
one-minute chart you you can obviously
see here that there is a nice double top
on these two candles when you have this
pattern that means that it has a lot of
resistance there and it's not likely
that it's gonna break out any further
especially one that has a huge move like
this so locked in the rest of my shares
made almost twelve hundred dollars on
the day very very very awesome trade I'm
really happy that my trade was really
from bottom to top I got almost the
entire move out of this and I also
alerted this into my chat room right
when I saw it hit my scanner
I didn't alert it after I bought I
learned that prior to me buying I'm just
going into the chat room here if you
want to join the chat room link is down
below if you join my mentorship program
you get lifetime access into it so one
second here it is
tik at 6:31 a.m. and you can see I was
pretty happy that I held on it's a
really really awesome feeling when you
nail the trade perfectly especially when
the day before you had the same exact
trade same entry but you didn't nail the
exit when you nail the entry and the
exit it's a pretty good feeling so
essentially now that I made this trade
going into tomorrow I'm not going to get
too greedy I'm just I'm still gonna have
my daily goal of making around two
hundred dollars per day but if we do
have a tray like this low flow and
smoothing rapidly on low volume you have
to recognize whenever you have a huge
mover like this on low volume there's
going to be other buyers on top of you
so the main thing is that you have to
get in first get in early and just hold
on because by the time that I got in it
had less than a hundred thousand shares
traded and whenever we have a huge
runner like this they usually have
millions and millions of shares traded
so let's see when I got in it had just
under seventy thousand shares trade on
the day and it was already up thirty
percent so knowing that I knew that it
was gonna have a bunch more buying on
top of my entry so you have to recognize
that and hold on for the ride here
though after this big rip it just failed
and faded all day
not like yte and where we had a pullback
and ripped even higher first go into
whitey en you can see on the white te n
after we had that halt we topped out but
then we had one more u-shaped breakout
and squeezed up even further uh
we didn't have the same thing on tik and
my reasoning for that is basically
because everyone was recognizing the
patterns in the play and because of that
it just didn't work out
I'm not really sure how to explain that
but it's kind of like reverse psychology
where when how people who expect
something to happen it doesn't really
happen you can see here it tried but the
main difference between this stock and
YT en is once it bottomed out it was
already really really really down off
its highs it was down about 35% where on
YT en after it's dip it was only down
off its highs oh gosh what happened it
was down off its highs only like 10 15 %
not even 16% and it was holding a view
up that's the key thing when it holds V
when the holes middle Bollinger Band
that's sign of strength is that's sign
of strength and what basically happens
is that we had this breakout what is
this we had this breakout over this
wedge pattern and it squeezes up higher
on tik we didn't have that same pattern
we did not hold you up at all and we did
not hold the middle of Bollinger Bands
so once that happens you have to
recognize okay it's a different type of
play and it's not too likely that we're
gonna have a u-shaped breakout and go
higher so those are just my quick
thoughts hope you guys enjoy this video
if you did leave a like and subscribe
and I make these videos every single day
recapping my trades and just remember
that you're only one pattern
strategy away from becoming a profitable
day trader so don't give up the reason
why 90% of traders lose is not because
of random chance it's because that does
90 percent they give up too soon the 10%
who make it they make it because they
don't give up and they keep trying and
be finding their strategy until they
find that one that works you only need
one pattern one strategy that you can
repeat over and over and over again if
you want to become a consistent day
trader so don't forget that I'll see you
guys tomorrow