day trading the whole dollar break what's the deal with the whole dollar
mental resistance gonna break it down in this video so stay tuned what's going on
guys checking out this move here on our ok you you can see are okay you need to
zoom in here a little bit this thing went crazy today and we got in on the
action I actually got a couple of nice scalps on it and made some money on the
way so you can see are okay you kind of break it down why these mental whole
dollar areas work as resistance breaks and why you can look the profit from
these breaks over the whole dollar one of the things that I want to stress with
this video is if you're going to play the whole dollar break take profit fat
don't be greedy and don't get stubborn so are okay you you can see some of my
entries here so you can see here every single whole dollar break this stock
jumped in there 20 30 40 cents and then pulled back so obviously looking at this
you're thinking okay I'm I could buy the dip it be it would be so looking at this
it's so looking at this it would be easier to say hey I could buy the dip on
this it probably safer to buy the dip but also sometimes there's just no dip
so you might have a stock to this goes right through the whole dollar and goes
higher or you might have a stock that kind of jumps through the whole dollar
and then bounces off the whole dollar area so you can play it two different
ways but one of the ways I normally play it is I like to buy right there before
the whole dollar breaks so I'm looking at the level - I'm looking at the sell
side look at the ask normally what happens you'll have a lot of shares
sitting there at the whole dollar area so if this stock is at four to three
dollars you'll see a lot of shares sitting there and you'll start to see
that eating out eating out you'll see time and sales printing printing
printing 43 43 43 and that's a good sign you're seeing that eating out you're
seeing the volume coming up you're seeing in the action there and okay
people are paying the ass they want this buy they want to get in for the whole
hour break their I'm gonna jump in I'm gonna jump in there and then take profit
quickly so you can see some of these moves over this $42 area forty one
seventy three jump in there jumps up there 242 27 boom in and out over 42 it
jumps up here to 43 couple minutes later it pulls back so 43 here you can see how
this jumps over 43 jumps right over 4
three up there two 4378 and then pulls back same thing so I was looking at this
I'm looking at the action I'm thinking okay this jumps over 44 I'm gonna jump
in right there 44 I'm gonna take profit in that first spike and you can see
that's exactly what I did so I jump in here at 44 the whole dollar
break I'm watching level 2 I'm making sure there's buyers coming up I'm making
sure people are trying to buy the ask I want to see a lot a lot of green there
on time and sales so I jump in there 12:32 at $44 I take profit there at 44
27 so that's two hundred and seventy dollars profit boom in and out taking
profit fast like I said I'm in and out quickly so literally I got in there at
12:30 - I took profit there at 12:30 - 51 so that was about 30 seconds that was
about 20 seconds in and out there on this trade same thing it kept going
higher this thing was ripping the volume was there look at the volume we're
getting 300 400,000 shares traded there on the one minute candles so that's very
good sign there's a lot of support it's a lot of action here that's what I'm
looking for I'm looking for that momentum plays over these whole dollar
breaks again we get to $45 we get stuck it pulls back from 4495 and then rips up
there again I get in there at $45 I take profit there at 45 30 that's a 30 cent
jump three hundred ollars thousand shares so I'm in and out quickly and
like I said if it starts to reverse I want to get out quickly and one of the
things I don't want to do here is I don't want to get stuck in the pullback
so I'm basically looking for that whole dollar break here this is a $40 stock so
this is jumping up you know 20 30 cents over that whole dollar with the lower
price stock you'll have a stock like three or four dollar stock it might only
jump up ten cents so I'm looking for these pops over that whole dollar for a
quick pop basically what happens there is gonna have all the shorts who are
shorting that resistance area you're gonna have shorts who were sitting there
at that whole dollar that are trying to get filled with a 99 98 cent area once
they don't get filled or if they do get filled and this squeezes higher they're
going to look to cover and the first thing they're gonna do is they're gonna
cover on the ass because they're scared because they don't want to squeeze on
them so they end up covering on the ass so that you normally the ask on a stock
at this it's gonna jump out 20 30 cents over the whole dollar right away I wish
I showed this live should've recorded this all live but you
guys can see the overall idea here of buying these whole dollar breaks
obviously I'm looking back at the chart there's no resistance anywhere near this
I don't to worry about running into that resistance right away over that whole
dollar area but you can see are okay you here look at as a volume they're just
volume volume volume going higher volume increasing through this whole entire
moves that's a very good sign you can see a lot of green volume we get to red
candles pull back a lot of green candles and we get too high of day.there @ 4750
and then finally the volume starts to taper off so that's this whole move here
I'm watching the volume I'm watching level 2 I'm watching the time and sales
and seeing those whole dollar breaks I'm jumping in there right at that whole
dollar I got to get in right the whole dollar I don't want to pay as penny over
the whole dollar I don't want to just jump in and get crazy I want to make
sure the whole dollar is gonna break and it's all about timing and experience
looking at level two looking at the time of sales you'll see the time and sales
start to increase faster and faster and faster you'll see the ask start to
really get eaten out there so if it's showing 42:55 you'll see someone trying
to sell a thousand shares or whatever you get in and out right there you're
gonna take those shares and look for that pop and I'm gonna get in and out
that's another reason I use hot keys I need to be fast I need to go get in and
out so on this trade I made seven hundred dollars it's literally buying
the break over the whole dollar consistently here buying the break
buying the break buying the break three times I bought the whole dollar break I
took profit quickly in and out less than 20 seconds per trade sometimes you can
literally just get in and out so what happens here is I'm gonna sell into the
bid because the thing is say the asks on this trade I jump in here at forty five
dollars they ask on this trade was at 45 50 45 60 if I put my shares on the ask I
might not get filled this pulls back and starts crashing so I wanted to sell into
the bid I'm gonna hit the bid and that's what I did there forty five thirty the
high on this candle was forty five forty five so you can see in and out forty
five thirty taken profit they're making $300 I got in there at twelve thirty
four fifty one I took profit there at twelve thirty 508 so about twenty
seconds again so about 20 seconds on both of these pops the key here is to
really focus on the focus on level two and focus on time and
sales halt dollar breaks are gonna be key areas to watch once that hold our
breaks it's gonna initiate another buying frenzy because people see okay
we're over that holds all our resistance if I'm sitting here waiting people are
waiting they're waiting okay they're washing that $44.00 areas are thinking
okay it's over $44 I might buy in for that possible move up to the $45 area
and that's exactly what worked out here getting in there $44 it jumps up they're
taking profit $270 profit you can see both of these trades $304 profit in a
matter of seconds but it's very important they've taken profit fast ah
let's see I can sit back here and look at this now and be like wow you know
this went higher and higher and higher it never really stopped I could have got
in here at the $41 area and rode this all the way to $46 but it's really hard
to time like that cuz obviously you don't know if this toxin to start
crashing so you can see this break there a cop to that $47 area it jumps over 47
dollars up there to 47 50 and then starts to pull back so if I already
gotten in there at 47 dollars and I was holding there I didn't take profit into
this pop right here I want to jump in there right as that whole dollar is
breaking take profit fast into that first initial push and worse than the
worst I can always jump back in on the dip if I think it's gonna go higher from
there but I'm gonna jump in take profit get out quickly and lock that profit in
it has this is breaking over those whole dollars you can see literally every
single whole dollar break it jumps up 20 40 cents in a matter of seconds and then
pulls back and then went higher I could have been a little bit more greedy I
could have jumped in here for the whole dollar break sold in that first spike
and then bought the dip and did the same thing over and over if I really wanted
to be greedy and over trade this but I want to take profit fast I want to get
in and that first initial push I don't wanna get stuck with the last person to
buy at the whole dollar as this is charting to crash back so I want to be
in and out fast and looking for this whole dollar areas I'm looking to jump
in there for those hold all their breaks and I want to explain you guys how to
play these whole dollar breaks how to be looking for this remember you don't want
to just go and buy a stock that has no volume let's say you look at a stock
it's at the ten dollar area and all of a sudden it starts to break over ten
dollars but there's no volume there's no action there's no momentum that's not a
sign like okay it's about to break $10 I'm gonna jump in
here I'm gonna get in there $10 there's no volume but I think once it breaks
over $10 people gonna start buying it doesn't work like that you need to be
buying stocks that have volume they have action and have momentum remember that
we're trading momentum momentum day trading we're not just buying a stock
with no volume no action that breaks over a whole dollar it's all about
finding these right setups finding setups like this here on our okay you
can see this thing went from 37 dollars up there to 47 dollars it went up huge
that's a $10 move there on about an hour's are okay you big move today but I
want you guys understand that when you're buying these hold of our brakes
be looking at the volume looking at level two looking at the time and sales
be careful you don't want to just buy there just because it's about to break
over a whole dollar we're looking for that momentum looking for that action
you don't know if the action is there people are chasing it people are going
crazy there's a lot of volume you can see four hundred five hundred thousand
shares traded there on these one-minute candles that means something is going on
the momentum is there the action is there so look for those hold our brakes
but make sure that the action is there you don't want to be the only guy buying
that hold our brief