Good evening,
I spent the last few days learning how to use the active trader in TOS and want to be clear, for anyone trading from their desktop, it's a game changer. To learn, I made a handful of tiny trades on small-caps in chat, and while I fumbled a few times, I know enough to use it effectively now and goodness does it speed up order entry. I'll record a short video lesson this week for anyone interested in learning. And since most brokers have a tool like this now, the lesson should be helpful regardless of where you trade.
 Having said that, the downside of TOS is I can't trade small-caps until 7A ET. Now it probably sounds crazy that I'd want to trade before 7A ET but this morning's SWVL situation is the perfect example. Friday I grabbed some SWVL in the chat room and decided to hold it into Monday. This morning between 4-7A ET, while I was loading up the scanner and drinking coffee, SWVL was ripping higher on heavy volume and hit $.48's. But it faded headed into the 7A ET open. Had this swing trade from Friday into Monday been in Webull, I could have locked in the win as early as 4A ET. This is happening more and more on gap trades as traders around the world use brokers allowing them to trade as early as 4A ET. So as I settle into 2023, I still think I'll need to do my swings out of Webull. And since I don't day trade a ton, I can probably get by with Webull's order entry. I'll fund Webull soon and when I do, I'll use TD for my long-term positions i.e. LQMT and any other hidden gems.
My ultimate goal for 2023 and going forward is day and swing trading penny stocks are traded at Webull, long-term stocks in TD, and selling options in TastyWorks. This will make tracking my performance based on strategy super easy, but more importantly, the reality is, for spreads, you can't beat TastyWorks. And had SWVL been a $30,000 position, I'd have been really upset I couldn't lock in that 40% this morning. So no, Webull doesn't have nearly as good of software, but I think the extra 3-hours of action on gaps is more important.
Headed into Tuesday my swings are ORIC and AMAM. Long-term is LQMT. And I took a few day trades, SWVL (from Friday) and GMVD (from Monday) overnight. I live stream my portfolio (all open trades) from 4A-8P ET in the chat room so if you ever have any questions, just come on by the room. ORIC had the good Pfizer news which I think will carry the stock to $10. AMAM is a news winner too, trading nicely off $2 with a big range to $3. Nothing new to report on LQMT. SWVL is very speculative but I'm small so I like the gamble. They are shopping the company around and this is one I think might get gobbled up. GMVD was one of Monday's biggest winners so I rolled the dice and took it for a gap, it didn't move up in the after-hours so if it doesn't Tuesday morning I'll take a loss on it.
PHVS exhausted its range, hitting nearly $14 today so it's time to stop stalking that one. SMMT was heavy for a third day in a row but the news here is big so I'll watch $3.50 support for a trade.
IWM (penny stock 2000) was strong Monday morning but rolled from 11A ET on. None-the-less we're above the Keltner Channel mean i.e. uptrend. Still a bear market for small-caps, but I think it's next to turn bull, followed by the S&P, then Nasdaq. Thursday's inflation read could be the trigger for indices to follow the Dow into a bull market.
I've noticed a lot of crap stocks flying around lately so be careful out there. ORIC, PHVS, AMAM, and SMMT all had amazing news and deserved to advance.
However, when you see garbage like GMVD, ZVSA, and HOLO ramping on no news, it's A) a sign bull markets are coming and everything is moving B) a sign to be more selective because without good catalysts they can dump fast too C) watch out for dilutive offerings because many of them are out of money.
For new swings I like VUZI above $4 (favorite), PAYS above $2.50 (strongest), JMIA above $3.50 (January effect), VRAR above $3, JEWL above $2.50 (dead cat), RAYA above $2 (dead cat), WEAV above $4.50 (strong trend), and CENN above $.40 (hidden gem?). HOTH Fibonacci is back on my list too in the middle $6's.
So many amazing stocks out there and remember, small caps have historically crushed the S&P 500 when transitioning from bear to bull, so for the foreseeable future this is quite possibly the best pond to fish in for years to come guys and gals. Let's eat!
2009
2020
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Jason Bond
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