Although I don't always post a watchlist on Profit.ly, I actually do write out a watchlist damn near every night. Really helps for me to get my thoughts out on paper for the focused list of reverse splits that are in the window that I trade following the split. Helps me focus and hone in on exactly what I'm watching for the next day (whether I trade them or not). I was really a hit and miss trader for a couple years, but since I've used this method, my success rate has really gone up, my losses have become minimized and my gains have multiplied in percentages. Every one is different, but I definitely encourage tracking your trades and journaling what went right, what went wrong.
Ok...the preaching is done. I had 7 tickers on the list last night, and the one I'm sized in the most just stayed flat all day (YAAS)...noooooooo....Still think it can pop from here though. I personally feel like the market is tippy...UVXY is a good indicator that there's volatility, and usually trades opposite the SPY. So when the market goes up, UVXY goes down. But today at the end of the day, UVXY just kept rising along with SPY...that's sneaky and very unusual. That could indicate a downside move tomorrow morning, so being mindful on longs. We didn't get a new breakout at the end of the day, just a lower high. And until afterhours, most of the day was kinda like watching Superbabies: Baby Geniuses 2 - boring and dumb. Then a couple sub-dollar tickers made some crazy mad dashes in AH, crypto and drones. And of course Bitcoin is trying to make us look like schmucks for not investing in a Digital Made Up Money System back in 2012. So there ARE themes out there. Gold, Lithium, Rare earth mining is another sector. Might watch for another push on LAC tomorrow...that lithium mine that Dept of Energy invested in.
That's the mile high perspective. Even if the market (SPY) dumps $10 tomorrow, that's barely a nick. SO I'm not too worried. And I've got my little lovelies to keep me company.
Of those 7 tickers last night, these did best: LVO (10% initial push, multi-day runner), BINI (34% Spike and dump, fucking BINI - worst than Canada), ORKT (16% Panic Dip Buy at that buy zone I mentioned), RAYA (20% gain on a VWAP hold high of day break), and SDOT (10%).
And never forget - the dumber the ticker, the more potential it can run...So YHGJ - Party Balloons - went from $4.45 - $6.50. Fucking Party Balloons.
Here's reverse splits that I'm in or watching for tomorrow:
YAAS: China Cloud-based SAAS. Low Float, great potential for a 30-70% bounce at bottoms. Still sitting in the 2.50s buy zone. I'm still in it, and eyeing a 30% bounce from here - $3.25+.
WHLR: Real Estate. Ultra low float and great probability for a 30%-70% bounce from bottom. WHLR made a good leg down today, IF I get in this, I'd try at or below $5.50 and risk that $5.00 level.
FTEL: Australian Gym Equipment; MICROFLOAT (dangerous), High risk and low probability for a bounce. Only adding this dumb ticker from the land down under because it is at lows and a double bottom AND it's at the buy zone. I'm probably gonna ignore it though...which means it's probably going to run. Kelly-Cramer in action.
LVO: Mobile Media/Live Streaming. Ultra low float, high risk but good probability for a 30-60% bottom bounce. Posted some news yesterday and today, spiked 10% from its bottom. I'm still in my position, watching for this to break $4.50 convincingly. Goal is $5.50.
CETX: Internet of Things / Augmented-Virtual Reality / AI: MICRO float, ok probability for a bounce (not awesome, but ok). Watching to see if this can break down into the $4s, preferably $4.50. Goal would be $5.90.
One new ticker conducting a reverse split:
AREB: Patriot Stuff/Self Defense. MICRO FLOAT (dangerous), but a GREAT probability for a 30-70% bottom bounce. Think MAGA hats on this one...in the current political environment, it's no surprise that some of these tickers do a reverse split during certain events. Lots of political-ness right now, from Charlie Kirk to NFLX Cancellations and Government Shutdown. This company sounds like they're gonna try to profit off this environment. I think it has a couple days to come down to the $14.20 level. That's the bottom of a recent downtrend line and the bottom of a longer dated uptrend line. I like that kind of convergence on these!
NOTE: Sometimes it pays to leave a few shares on these tickers for a potential run after the 10-day window. Take a gander at DRIO from last month, it's gone from a low of $6 to $17. It's still on my list to do research on reverse splits to see which have the best potential to make an "after-10 day" run, as well as ones that actually make HUGE runs like NUTX. I've got like 2 years worth of stats tracked on reverse splits, so I might as well look into it or use AI somehow.
That's all I got...Good luck traders.
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