This Stock Went Up 300% in 3hrs

• Market Recap:

  • The trader started the day with a $323 loss on TGL but ended with a significant profit of $37,859.95, primarily from trading EEIQ.
  • EEIQ was today's leading gainer with a sub-1-million-share float. Trades included an initial entry at $6.07, followed by a rapid halt, and subsequent entries on dips and rips.
  • Specific EEIQ trades generated approximately $4,500 and a substantial $24,000 profit (on about 30,000 shares) from an "inverted head and shoulders" pattern.
  • The day's success helped recoup a $6,000 loss from earlier in the week, placing the trader in a strong position for the week.
  • Year-to-date, the account is up approximately $650,000 from an initial $100,000, representing a 7x return. The current average daily profit is about $7,000, a decrease from last year's average of $20,000.

• Trading Environment:

  • The trader views an initial loss as a test of patience, emphasizing the importance of remaining unemotional in trading.
  • He operates from a "position of abundance," prioritizing high-quality trading setups over chasing every potential gain.
  • A key distinction is made between "cold markets" (like the current one), where missed large moves at unusual times lead to frustration and FOMO, and "hot markets," where consistent gains reduce the impact of such misses.
  • A disciplined trading window (typically morning) is maintained to avoid decision fatigue and impulsive, "trigger-happy" trades during less liquid periods, which can lead to significant losses.
  • The trading strategy is built on accumulating many smaller wins ("base hits") rather than relying on single, massive trades.

• Watchlist:

  • EEIQ was the primary focus for today's trading, identified as the market's leading gainer.
  • UGRO was mentioned as a stock that experienced a "phenomenal short squeeze" yesterday (from $3 pre-market up to $56), which the trader missed due to its timing outside his typical trading window. This served as an example of missed opportunities in the current "cold market" environment.
  • No specific future watchlist items are detailed, as the trader concludes his trading for the day.