Breaking News Sends Stock from $3.00 to $12.45 in 2hrs!

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Market Recap:

• The speaker finished the day up $20,868.98, marking two strong green days in a row and turning around an otherwise slow month of March with $57,000 earned in two days. These were the speaker's second and third best days of the month.
• The first trade of the day resulted in a $2,400 loss, which was successfully recovered, contributing to the overall green day.
• The month of March has shown improved consistency with 140 trades, 67% accuracy, averaging $2,000 winners against $1,200 losers. This contrasts with February, which was a colder market with fewer opportunities and lower accuracy, and January, which was a "phenomenal month" with 78% accuracy and higher average winners.
• The speaker decided to walk away at their high of day profit, emphasizing the importance of not overstaying welcome and being grateful for gains, despite potentially leaving some money on the table.

Trading Environment:

• Trading during a "cold market" can be disappointing, leading to feelings of lost time and pressure as bills accumulate and profits lag.
• This pressure can escalate to desperation, which degrades trading performance by encouraging traders to chase any trade to meet arbitrary goals.
• The speaker advocates for diversifying income streams to reduce dependence on trading, thereby lowering pressure.

Watchlist:

• NCO:
  • The first stock traded today, initially causing a $2,400 loss.
  • It halted down twice and was a leading gainer, peaking around 100% up.
  • It has a sub-1 million share float and high volume (41 million shares).
  • The stock exhibited a "curl pattern" (pop, pull back, then curl up) similar to EEIQ from the previous day, which traders often look for.
  • Despite initial skepticism due to an early morning pop, the speaker traded it effectively after recovering the initial loss, ending up $6,800 on NCO.
  • Notably, NCO had no specific news to drive its movement.
• ARTL:
  • A leading gainer, up 168% (later 267%), and experienced multiple halts going up during the discussion.
  • It has a sub-1 million share float and high volume (24 million shares).
  • ARTL has a history of "boy who cried wolf" movements, often popping up but failing to hold gains.
  • The bullish catalyst was a headline announcing the withdrawal of a shelf registration, indicating the company would not pursue a securities offering at this time.
  • It has significant short interest (25%), high cost to borrow (up 420%), and is on the short sale restriction and threshold lists, making it difficult to short.
  • Despite these bullish technical characteristics, ARTL showed resistance around the $8.50 level for a period.
  • The speaker observed the stock's eventual third halt up, followed by a drop upon resumption, illustrating the risk of chasing further gains after multiple halts.