Suran

Small-Cap Day Trader. I don't offer any paid services. Anyone charging you is a scammer. Seclusion for training, updates suspended. 闭关修炼，停止更新。小红书@苏然TraderSuran

[Mike Captain 727 @mikecaptain727]

Traditional filmmaking is obsolete.
This is Transformers 8 Sandstorm Concerto.
Generated with Seedance 2.0. 100% AI. #seedance #AI #Transformer #paramount #universalstudio

[Suran @TraderSuran]

$MSPR long time no see.

[The Short Sniper @TheShortSniper]

Is this a @DasTrader issue or platform-wide lag? This is completely unacceptable. I remember the same thing happening a few years ago (during COVID), and when I complained about it on Twitter, they blocked me.

[Suran @TraderSuran]

@Jeppez420 congrats!

[Mister_Low_Risk @MisterLowRisk]

These are some of my favorite @Qullamaggie quotes....

"This is the hard part: identifying a good setup, like a REALLY GOOD setup vs something that is random and mediocre. Because that is also gonna reflect on your results. If you trade random setups your results is gonna be random too. You want to find really find the outlier stocks."

" If you dont have any draw downs means you are not taking any risk which means you are not making any money."

"No one is going to roll out the red carpet for you. Like NOW is safe to make money. That is NOT how it works. There is ALWAYS something to worry about. But the key to successful trading is to IGNORE all those things. Ignore ALL the noise."

"The hardest thing to do; sit and do nothing. That is why you need to get a hobby. Get into sports, gaming, get a kid, get dog. That is your edge in a market like this. Doing things outside of the markets when the conditions are not favorable; that is and edge"

"The market is going to give you clues. It is all about listening, listen to what the stock is trying to tell you. We are NOT in the trading business guys, we are in the listening business.”

"Our main job is not to trade. Our main job is to wait."

"If you are a swing trader there is nothing here to do, you may as well take the day off. Go study. Do something productive. The most important thing is to preserve mental capital. Stay positive. Stay healthy. Let most market participants wear themselves out; then when it is time you can come back and be aggressive. You are going be in a position of strength. That is how you win the game of trading; you have to do some things differently."

“I really dont see the value in other peoples opinions. I would rather listen to the market. The faster you learn how to really listen to the market, the sooner your suffering will end.”

"Just trade well and the money will magically appear. Just trade well".

"I want a setup where I feel I almost cant lose"

"You cant sell simple things. People want complexity. Because people many times don't belive that simple is the best answer"

" If you are a new trader you should be selling at least a part of your position pretty quickly. Just lock in that profit. Build your confidence up. Get your equity curve to start moving in the right direction. Aggressively locking in profits and selling losers even more aggressively"

"I don't like random looking stocks. Because I know if I trade a random looking stock I'm going to have some random looking results. I want superstar results. That is why I only want superstar stocks and superstar setups."

"It is very hard to tune out all the opinions and news. But once you are in the markets for a few years you realise it is all bull shit. No one knows anything."

Which one talks to you the most?

[Suran @TraderSuran]

Market stagnant today lol... HAGW everybody 😆🎉🎆

[Suran @TraderSuran]

Still riding CADL train

[Suran @TraderSuran]

Not much trading today. Closed pre-market trades on $RZLV and $SLXN.

[Suran @TraderSuran]

Long time no see. It’s getting chilly here in the GMT+8 zone, and honestly, I’d rather snuggle up and sleep than trade at night. 🛌❄️Only 2 trades today. $BNZI $CRVO

[Trading Composure @TradingComposur]

Don't ever let winning trades go to your head, or losing trades to your heart.

[THE SHORT BEAR @TheShortBear]

Steps to improve your VISION

1. Prep and review each day is visualization in itself.

-> Envision a likely scenario and act it out accordingly, review tells you how right or wrong you were and each day you improve.

Journaling in itself is introspective work which is what you need to help improve your visualization skills.

2. Use all senses
Use all senses to help your brain understand. Talk about it, write about it, listen to it...

3. Take time to think

Take walks or sit in nature and just think, let your mind drift into almost transe thinking about scenarios.
->(My teachers used to say 'Lukas, moon to earth' because I would get lost in thinking disconnecting from what was in front of me.

4. Practice thinking in probabilities

-> I can jump over this hurdle, crawl under, go around... what is the likelihood I will be faster using each?

If you can get good at thinking like this, each decision you make can be rated and thus can be pushed or decreased to maximize the expectancy of the overall bigger vision.

5. Learn from the past and from the best

The earth wasn't created yesterday, there is almost no path that hasn't been walked. Biographies, Interview, Twitter, live events and so on are all ways to observe others make decisions and seeing the outcome.

Categorize the decisions into mental models-> In this situation type, he does THIS.

Over time these decisions can be made yours without enduring nearly the experimental pain these giants have gone through.

[THE SHORT BEAR @TheShortBear]

A few high performers that use Visualization:

Michael Jordan - Widely regarded as one of the greatest basketball players of all time, Jordan frequently used visualization techniques to prepare for games. He would mentally rehearse his moves and game-winning shots before actually executing them on the court.

Lindsey Vonn - The Olympic gold medalist and World Cup alpine ski racer, Lindsey Vonn, has talked about how she uses visualization to prepare for races. She mentally goes through the course, imagining every turn and movement.

Usain Bolt - The Jamaican sprinter who holds multiple world records in track and field, including the 100m and 200m, has mentioned using visualization to prepare for races. He would imagine himself crossing the finish line ahead of his competitors.

Muhammad Ali - The legendary boxer often spoke about how he would visualize himself winning fights long before the actual bouts took place. He believed that if he could see himself winning in his mind, it would increase his chances of winning in the ring.

Simone Biles - The American gymnast, widely regarded as one of the greatest gymnasts of all time, has used visualization techniques to mentally practice her routines and stay focused during competitions.

Novak Djokovic - The Serbian tennis star has openly discussed using visualization to improve his tennis game. He mentally rehearses his shots, strategies, and movements on the court.

Carli Lloyd - The American soccer player used visualization before her famous performance in the 2015 FIFA Women's World Cup final. She visualized herself scoring goals and ultimately had a remarkable hat-trick in the final.

Shaun White - The snowboarding and skateboarding legend has used visualization to prepare for his gravity-defying tricks in competitions. He would mentally go through the movements and landings before attempting them.

[THE SHORT BEAR @TheShortBear]

My biggest gift is VISION.

I told you before I have no talent trading.
I am not: faster, more intelligent, have better tools..

What I do well is understand probabilities deep in the future. Situations I can put odds on happening or not.

I can see probable futures and I can see the steps needed to fulfil the vision. Most are lost in the noise of the present while I was lost in the future.

When I was able to combine focus and discipline of today and use the guidance of the future vision, that is when I made true progress and started the exponential growth that is my journey.
__

The first time I experienced such a path was clearly seeing a path to my first 7fig. I had a few thousands in the account when I first started, yet I could truly and clearly see myself with 7fig.

I saw it trough my vision and through being able to transpose myself as if being another person.

An example for me then was @kroyrunner89 for example.

The vision came from learning about others as well as my core values. 'This is what I want, this is what others are doing to get there' and clearly seeing myself walking the path.

Data, SEC filings, Prep, execute, review-> grow exponentially.
__

Once I had reached the 7fig, the same exercise took place for 8fig. What are others doing, learn everything I can and now I can see the path. Same process.

The same took place for 9fig after.

The path is outlined now is one drawn by the all time greats for 10fig.

__

The hardest part of using vision is trusting it enough to work relentlessly day and night trusting that vision to be right.

If your vision tells you what is needed is 14h of work for 3y, you'll have to put the work in and wait 3y+ to see the results and see if you were right.

It takes absolute dedication to the vision. Everyone will doubt you, everyone will try to drag you down, but it is your resolve that will make the difference.

It is also hard because you will try to fool yourself. Oh 8h is enough, oh maybe they didnt do this thing, oh maybe blabla when it get though.

Hard times become growing pain.

[THE SHORT BEAR @TheShortBear]

Making it in small cap.

To make it in small caps, get to the drawing board, get rid of the intraday charts and indicators.

2. Focus on the daily OHLC data.

If you can’t find an edge as if trading the daily data, you’ll never make it trading small caps.

Most novices get lost in the noise of fast intraday action.

Take a step back, understand the edge comes from the daily expectancy, not random technical setups on random tickers.

I’d estimate the misunderstanding over that simple phenomenon gets rid of 85%+ of aspired traders in the first place.

2. Gather OHLC from day 1 and day-1

Gathering OHLC data from the “day of interest” as well as the prior day will give you all the tools you need.

That is literally only 8 datapoints.

Those 8 datapoints let you build expectancies:

1: how big are gaps?
->Gap: Day1 open/Day-1 close

2: If gap is bigger than XYZ, what happens?
->If Gap >XYZ, what is the expectancy?
->Day1 close/Day1 open

3: Where should I enter?
-> Day1 high/Day1 open

All these datapoints help you build an expectancy and they are enough to trade off of in theory.

Intraday trading is about maximizing that expectancy.. finding tight RR entries to be able to get as much size as possible.

When you realize that is the math all successful traders do, either through data or mentally, you start to understand why the rest fails.

I have no talent compared to other traders out there. I gathered all the data manually, then automatically and after years of practice these odds became engrained in my head.

My success is built on the above.

[Suran @TraderSuran]

It still serves as a highly valuable reminder today.

[Nathan Michaud @InvestorsLive]

If you're a small cap short seller I figured I'd add a few thoughts again today after the latest $VTGN

(I am so happy these weren't a thing when I was aggressive on small gaps in years past).

Much like the $MF discussion last week re: circuit halts etc. my goal is to offer small thoughts here or there when outlier situations happen such as today with $VTGN. How to prepared for them, avoid, react etc.

Small caps are scary as FUCK these days (mostly for shorts).

Some thoughts while it's fresh and maybe a dose of reality & clarity for those who need it.

And, for anyone that got hurt that's still in the game, hopefully can assist on what to do moving forward.

Trading is not what it used to be in small caps. Years back when you could really scale into stuff some but this outlier risk was never really a thing, or, maybe it was but hadn't been exploited yet.

Moves like $VTGN continue to make me feel good about my decision over the last two years to really exit from the small cap space in any "capacity" trading way smaller and really waiting for any "size" until after a trend as tested, exhausted numerous times and confirmed.

Yes, obviously I still trade them but as you hear me say - no where near the size I used to trade them.

I reserve size for moves like $TTOO $MULN $NKLA ie: my bread and butter (as you've seen me post and recently A+ nature of them etc.)

Let's face it $VTGN style moves don't happen naturally:

TOO much supply TOO low -- not from sellers, but rather shorts.

If you're a short seller most times the warnings may seem like they DON'T MATTER.

Truly they don't, MOST TIMES.

But when they do matter, that's when you find out if you actually do have risk management. If you sized appropriately for the trade etc.

You don't know if you'll freeze up like I did on $KODK - easy to say you'd stop out but when you're faced with it in the moment TOTALLY DIFFERENT STORY.

You have NO CLUE how you'll react REGARDLESS of what you say you know or plan to do.

MOST times risk management is NEVER tested. MOST times we get away with being reckless until, well, we don't.

Every Sunday video I make I basically repeat how I "RETIRED" from small caps with any size, to me they are just smaller trades while I wait for the $NIO $FUBO $NKLA types to show face. It's just not worth it, even if I am right most times it's just the ONE that takes it all away.

If you do the same thing over and over expecting different results? What are you?

Personally as I've said many times on Sunday video this year I've been done chasing small cap money for a while. I prefer to let dominoes fall fall where they may and then participate in the action.

If a name shows signs that it COULD circuit halt, I'm risk adverse. It's just not worth it.

At some point if you take a step back and think about what you truly want out of this - chasing dollars for the rest of your life may not align with what makes you the most happy. What if you did that, never took a step back, never made adjustments and lost it all on a black swan?

Lots of people are crushing it, lots have great swing books. It's been a swing traders dream lately. But, if you're trying to catch up taking subpar trades where does that leave you?

THIS IS WAY DIFFERENT than prior years FOR ME. Going back 3-5 + years ago this was never really a fear. Never really a thing. Post COVID the gamified tape, the traps, the circuits you name it, sure they were there but never this crazy. This is WAY different risk than when I started all the way up to even 2020-2021. These types are even more lethal than $AMC $CLOV style moves.

When I lost on $AMC it's because I was stubborn, not because I blinked. Now? You don't even have a chance to BLINK.

Literally
9:21:20AM $51.76
9:21:21 $60 was next print.

Blink 👀

I miss a lot of home runs because I trade them too small and yeah that's frustrating as hell to know I was right and coulda banked massively, but, what about the one's you miss? $TUP squeeze AHs other day, I slept just fine.

Make sure you count your wins (ie: the ones you're glad you're not part of) just as much as you beat yourself up on your misses.

My focus continues to be sizing opportunities in mid to large cap land that are speeding up relatively to prior price action. Examples recently = $FUBO $OPEN $NIO $XPEV $RIVN $MARA $RIOT types

Outlier moves like $CVNA $AI don't interest me except once or twice on large gaps after it's been up multiple days in a row. "When they come into my wheelhouse" ie: carbon copy set ups you've seen me post over and over. Use them as a gauge of market euphoria but many times best to trade away.

Same with $TUP $YELL types. If crowds all over them, I tend to be more hands off and focus on where people are not looking vs. the ones EVERYONE wants to nail.

Truly, everything is gamified these days since COVID market -- but in 2022-2023 liquidity isn't there.

re: $KODK when I lost $1.2M+ (with $2M + draw down) I said "We will NEVER see that again but holy crap that was a close call." and guess what?

Then $HKD happened 😨

$HKD I never touched on that big move, but said same thing "Well, we'll probably never see that again"

Weeks later $MEGL

$MEGL IPO'd at $5 it opened 1000% higher at $50 I put on 1k shares with no real edge, just looking for a quick scalp of $10 points off all the "idiots" buying at $50 and leave.

My wife and I were going to pick granite for the lake house. Something that should have been fun, without worry, and relaxed. Traded the morning perfect and right before I left $MEGL opened and went into a circuit. First open was in the $80s and circuited again and it started quoting $1999 and then $19999/share. Now, I know it'd LIKELY never open here but I had a moment where I said to myself "WHAT IF?"

What if it opened at $19999 and I just worked my entire career to lose $20 million on one trade on 1000 shares? WHAT IF? Seriously, what if -- sure maybe it wouldn't open there but what if it opened $500, $1000, $2000? Was it worth it?

It ended up working out only lost $100/share on that 1000 share entry and honestly could have been flat but I had terrible Wi-Fi (Fun fact: Granite blocks Wi-Fi signals). And when you're in a granite yard, bent on an IPO with no liquidity it's not the best place to be LOL.

When I tweet that I have PTSD that's where I got it from, and that's why you see me be such a broken record every on these.

Weeks later we saw $ATXG

It started happening over and over.

Earlier this year we had $TOP

Fortunately as you saw - saw the trap first hand. Avoided it 100% and had no part in the destruction. Heck, I even got long but stopped out for .50 cents before it ramped $200/share.

I saw many lose their decade + hard work in TEN minutes. I mean really. Truly. People who were set for life, lose it in ten minutes.

After I saw that, it once again confirmed my choice of not being TOO PROUD to not nail these things like the old days. This obsession to 'figure it out.' nah, it's JUST NOT WORTH IT.

Those who listened on Sunday videos likely remember when I went over that situation. Similar to this tweet. Old me would have been TOAST. The choices I made likely saved a good chunk of my career.

Many however, did not avoid it.

This was their first "oh fuck" moment.

Most will never understand this post UNTIL you've had that "Oh fuck" moment once, maybe twice. If you survived that second time you need to make an agreement with yourself NOW.

I don't know any great traders who haven't had an "Oh fuck" moment but, I sure as hell don't know any GREAT career traders who STILL continually jump between landmines.

On Sunday video AND regularly in IU we talk about how back in day a stuff move used to be the EXIT for longs/THEY, but, not the last few years.

A exhaustion move that gets SOAKED right is VOIDED (but keep that line for later). Draw it on the chart so it's a visual reminder.

Anytime there is a big exhaustion move I watch it and watch for two things:

1. Does it dip and rip or stay heavy?
2. Upon re-test of prior exhaustion spot does it reclaim first try or stuff?

Those questions alone will save you headaches.

BECAUSE you can't answer it unless you wait to find out!

So, simply ask yourself that question before placing a trade. Put it on a post it to remember/ask yourself if you need to.

HERE'S THE THING: Most who shorted $VTGN this AM COULD NOT ANSWER THAT QUESTION.

If you took enough time to ask yourself that question, by the time you were going to answer you'd realize it was already a buck higher.

Today $3.80s exhausted out flushed, first swipe back through reclaimed. Same thing in the $5s same thing $23-$25. Not once did it STUFF at a lower level on any exhaustion moves.

SWIPE TEST is what we talk about every Sunday as well.

If it hasn't swiped back yet how do you know if it's SELLERS or just SHORTS?

If it's just shorts and it swipes back, your risk is elevated and works out best case, or, worst case it turns into today.

If it's sellers, when it swipes back it's going to stuff and stay heavy you have something to now risk off of now.

REMEMBER if I am going to short I want to be on the SAME SIDE AS SELLERS.

I don't want to be the ONLY seller.

This is why I always challenge the "Focus on your losses to get better" and really, focus on your WINNERS. Check in with yourself, did you get lucky? Is that repeatable? Was that risky as F but you got away with it? Be honest because you may not be able to ask yourself the same question next time, it'll be too late.

Some tidbits that help me:

If no A+ on scan night before - go for a walk pre market:

The longer you're on desk pre market the more likely you press a button. It is VERY rare I take a pre market trade into open. It would ONLY be the case if it was A+ set up and focus from prior days/night on scan etc. Simple fix but also double edge sword because it contradicts what I've said in past so I want to be clear - if I say to get to desk as late as possible, I still think it's important to show up and get prepared. But if you're taking sub par trades scalping for peanuts just to trade GET TO THE DESK AS LATE AS POSSIBLE. If A+ is set up I am there earlier and focused. If not, I'll check in 7AM remain out of market as long as I can. 8AM check in again unless walking but 8:15AM + I'll be on desk getting thoughts/ideas together for broadcast and day.

Only borrow X shares per ticker:

Sometimes if you borrow too many you feel like you need to use them and as most know that's never a good idea. Or, sometimes you go back on these thin outlier ones and there are none, and well, remember you borrowed what you WANTED to begin, now you're going back emotionally trying to throw good money after bad. Do you do this? If so be aware of it.

Compartmentalize your day:

Pre market trades = no size for me unless A+ set up POST EXHUASTION move. If I trade pre market 7AM and 8AM matter to me, if it doesn't agree within a few minutes MOVE ON. I don't care how much it runs how much it fades - pre market I will never have size UNLESS it's liquid and I came in with a plan ie: prior prep/scan etc. If it's a new ticker - RISK OFF. Examples of trades I'm happy to take size on if it sets up pre = $NKLA $MULN $TTOO etc.

930 to 945-10AM = Reactive trades off open but do NOT hold bias for full day long/short. Re-evaluate post 945-10AM once a trend settles vs. VWAP. If I take a REACTIVE trade off the open I am PROACTIVELY covering - if not, and market hasn't formed (which we know it hasn't) I'm at liberty of whatever it wants to swipe/flush next.

1130AM Check in = Ask myself - are the names I am holding doing what I expected? If the answer is no - I re-evaluate and likely get out. If they are sideways and stuck for an hour or two typically I size down/get out and put price alerts for areas that would interest me - otherwise I'd still be long/short until 4PM for no monetary benefit and most cases ends up costing me.

1130AM-2:30PM = Try to get off desk, go outside, get steps, check in with kiddos etc.

Ask yourself after a good morning do you typically ADD more realized 10-20% + or more than likely give back 20-30% or all of it?

Truly answer that, honestly - and then make adjustments.

4PM - MOST IMPORTANT = I'm out. GET OFF DESK. Don't even stick around to 'see' if anything moves. You take that one little 'eh just a quick scalp' and well, guess what there's a chance you're stuck until 8PM. No thanks.

Everyone is different - this is what works for me. I hate seeing these moves that take players out of the game. I would wish it upon anyone. Been there, done that. Most don't even realize the risk they take on when trading these w/o much

Much like flashing cars, flashing watches, flashing cash etc. just because everyone else is doing it and trading the "hot" ticker does not mean you need to do it too. Just because someone else made $ on stuff doesn't mean you will too.

You will always know someone who crushed it on something. That doesn't mean it was a good trade. Doesn't mean it'll work the same for you. What works for you is what fits your OWN personality.

As I've gone over in MANY Sunday videos I am just not good at managing a big portfolio. Both from a stock picking perspective but heck even from trading perspective the more capital I have the sloppier I get -- I do better with "less"

After I pulled 25-30% haircut off COVID highs in IRA / trades etc. (i.e.: millions and millions of dollars) I realized just how fast it can go away as well. I realize that this wasn't my expertise.

So, that's when I took a step back and sunk it into sought-after spots (real estate).

This never was really a worry prior to 2020-2021 now it happens all too often.

Own it, or it'll own you.

YOU ONLY NEED TO GET RICH ONCE.

The hardest part is keeping it.

I have a family, I'm 38 now - I'm not 20s like some of the hot shots without a care in the world chasing dollars like there's no tomorrow. There's a time and a place for that.

If you're similar I would challenge you to re-evaluate what and how you trade. Check into your system. Check for holes.

What small changes can you make today to help yourself tomorrow?

So, I hope this helps at least one trader. Those that watch the Sunday videos regularly or are in IU know how much I've shifted over the last two years.

The longer you sit at the table, eventually the house will win.

Small caps are a great way to build accounts but at some point you need to make the pivot.

Lastly understand where you're at in the cycle - I posted this (image below) on Friday scan:

As cycles come to an end shorts get more and more confident because they're getting away with more and more size, and more and more reckless trades. But, it's only known to be reckless until an outlier move happens.

At some point, it'll catch and the cycle starts over again 👇

[Brian Lee @BrianLeeTrades]

I actually think the reason why I am able to succeed at all is that I don't have inappropriately applied self belief.

I don't assume that I'll make the right decisions or that I'm a natural.

I believe in my own ignorance, I assume I don't know. This makes trading, which is a game of incomplete information, more about probability than certainty.

If I'm not certain then I will approach the trades entirely differently than someone who is overconfident.

I’ll wait to see more signs of structure forming such as looking for pullbacks or the beginnings of a trend like higher lows or lower highs.

Being involved in trades without being able to associate any probability to your risk level is easily understood as someone trying to toptick everything with no sense of effective position sizing and looking to reap the maximum reward with the least certainty.

It seems like that’s the exact right way to go about entering trades but it is instead all about the position sizing and timing to reap the maximum benefit.

When you have the least certainty like trying to catch the exact top, it’s foolish to try and put your “full” position size because you have the least information and therefore take the the most risk in terms of consistently taking large losses OR having to put on insignificant positions in order to mitigate volatility risk such as a wide stop.

The approach that I would take is to look for information, signs “of” a potential risk level being formed and form my belief around the probability of it working given said information.

A top being formed with 1 small pullback doesn’t deserve full risk but rather a derivative of risk like 50% or 25% of an R. Whereas a risk level that’s rejected more than once, created lower highs or displays heavy price action would have a much higher probability overall. That being said I will never assume that it’s 100% in the bag and thus I will only situationally apply the full risk.

That’s not exactly the most important part of a trade. The most important part is what you actually do with the trade that’s formed. How do you increase position size while mitigating risk? I look for further confirmations that improve the probability of my original thesis such as higher time frame structure that aligns with other traders/institutional order flow.

You never want to overdo this, you always have the responsibility to your risk by position sizing such that you will lose a reasonable amount if wrong.

You can’t infinitely add to your position and tell yourself all of the probabilities align for total certainty because the market will always find a way to prove the best odds wrong. Those tail risks make it imperative that your risk is the number one focus because those risks pose the biggest threat to your overall compounded growth.

Managing how much you lose is the most important part of trading and the wins sort themselves out as a ratio of these losses not the other way around.

I originally meant to speak to other forms of “lacking belief” but it turned into this so unfortunately that’ll be for another time.

The other thing I wanted to touch on is: Because of my inherent distrust, I learned to apply systems, backtests, mental scenario visualizations, pre-planning, and institutionalizing strict rules that I impose on myself.

All of this to say that the model of success you imagine can look very differently than the stock image of an elite performer with absolute convictions.

The main driver of any success I’ve ever had is that I just believe in some core principles of success that can be applied to any endeavor provided that you have passion and time to let it flourish.

Those principles are sprinkled throughout my commentary as a whole if you’re keen.

[Nate Anderson @NateHindenburg]

Today, a short-seller 'liquidation' scam:

Primega Group, $PGHL, is a Nasdaq-listed, Hong-Kong based entity that some some had likely shorted due to it being an obvious scam.

The stock spiked 108% today on no news and was halted all day after being unable to settle on an unhalt price. It then opened after hours +969% before collapsing again almost immediately.

So what happened?

Short sellers need only be outside of margin compliance for a fraction of a second for brokers to force automatic buy-ins. Knowing this, offshore scam operators tightly control the float of all these issuers but sometimes leave borrow available to lure in short sellers...

When short sellers bite, the scam operators wash trade a spike in the stock, then keep bid/asks moving during the halt so no unhalt price can be settled upon during regular trading hours. Then, after hours, it unhalts as they rip the price 10x+, causing brokers to force-liquidate accounts that were short. Brokers buy-in to cover the short sales as scam artists sell into the artificially high price.

This can lead to short accounts being wiped out instantly and can even lead to broker losses. The same liquidation scam playbook had been executed previously with other Nasdaq offshore scam tickers such as $ZJYL.

A cautionary tale for anyone wishing to short these obvious scams. And once again, more evidence that Nasdaq has transformed itself from a once respected stock exchange into a stock scam playground.

[Suran @TraderSuran]

@GUS_player_C Legend!!!

[Trading Composure @TradingComposur]

It's you against yourself. Not others. Not the market.

Realize this.

[Brian Lee @BrianLeeTrades]

I am starting to realize that there are two and a half dominant trading mentalities and it can be boiled down to these:

1) Casino mentality: Treating trading as one is the 'house', emphasizing edge and the law of large numbers. This philosophy emphasizes consistency, time and math. The house edge exists within casino games by taking marginal % advantages over the player, however trading actually has far more edge than +1/2/5%.

Personally I prefer this and I think you can put a lot of my thought processes into this box.

2) Poker mentality: Emphasizing and extrapolating the game of poker towards the game of trading and using this philosophy to guide major decisions such as bet sizing, opportunity and bankroll management.

Undoubtedly analogous to trading in many ways, I think this one makes the MOST sense to the MOST amount of people because of the parallels. It also makes the MOST sense because making money with large wins and minimizing losers is easy to understand.

2.5) Dumbass gamblers: Philosophy is centered around winning at all costs, willing to forsake trading convention and ego-driven decision making. Goals are egregiously large, imagine big losses as "bad luck" and would use martingale as their primary strategy if given unlimited resources.

The allure of financial markets is that any fool can appear a genius given the right set of circumstances.

The thing that #1 and #2 share is intentionality and adherence to a set of principles that guide decisions. Both are equally able to navigate markets because there are fundamental systems that are derived from mathematics and profitability is largely a numbers game with some bells and whistles.

Think on it!