https://profit.ly/content/premium/23708 

Rewatched Ellis Hobbs webinar of 1/6/23 and realized that I am not completely clear about the definition of certain setups or that I have been misguided in the setups I thought I was playing.

Always concentrate on stocks that have a history of running. Sometimes, stocks that do not have a history of running, can mutate into multiday runners (eg CCCC)

Green day: stock that has not been doing much for a period of time and now creates a first day where it closes green. Not necessarily a day with a big more over big volume. Best not to play a stock on the first day it goes green, or even the second. Best to wait for a stock to prove itself and then buy the FGD after a few red days.  Eg $SIDU on the first day of its run at the end of December. Daily chart

FGD: multiday run where stock was green for some days, had some red days but is holding key levels (did not collapse completely). Then stock goes green, ideally at market open, with volume. Market open usually time with most volume and volatility. Eg $SIDU - tried to have a FGD on 1/12/23. Went r/g at market open but had very low volume. Some volume came in after 10am (not ideal time) so it did rally a bit but eventually closed near r/g. This is an example of a failed FGD.

Panic dip buy #5 : stock has gone up for multiple days (not just gradually grinding up) and is now overextended. Ideally up +150%. When overextended from original support, volume cannot sustain itself and stock must either pull back or consolidate. Stocks that usually panic are under $5 and are most ideal for dip buy when they fall 30-50% in the morning, because then there is enough range (upside) and enough time in day left for an effective bounce. Panic dip buy looking for a bounce within that day, looking for 5-10% gains. Looking to buy a bounce within that day but not expecting the stock to close green?

WORG: stock that had a breakout previous day (ideally multiday, week ...), hot sector, real stock with actual revenue, ideally on Friday for WORG, shorts keep guessing the top, closes at or near HOD
- opens weak 

- goes r/g - buy r/g breakout level, risking LOD

- if does not recover, no entry