hey Traders today I locked in a profit of twelve hundred dollars scalp trading the stock
otrk in this video I'm going to break down the trades that I took in this stock and I'm going
to show you exactly why I bought and sold at the prices that I did so hopefully you can follow the
same strategies and make similar profits yourself so make sure to stay through the entire video I'm
going to be giving you some tips and pointing out some things that you should look for with your own
Trading now with all of that being said the first thing that I look for when I'm looking to trade
early in the morning is going to be a gap up a gap up happens when a stock moves up significantly in
extended hours either in after hours the previous day or in pre-market the current day and I would
say about nine times out of ten this is going to happen because of some kind of news that the
company put out after the market closed now if we go over to the market Master group over here
in the morning movers every single morning we post the top Gap UPS in the top Gap Downs along
with their news headlines just so that our team is aware of what stocks are moving and are going to
be potential Gap and goes now today we had otrk ffie and vlta as the three that were gapping up
the most in pre-market so if we compare these three charts we have otrk here if we go to ffie
we could see that right out of the market open and had a quick Spike and then it faded
all morning and then if we go to vlta we could see that this pretty much traded sideways since
the market opened so how did I know that otrk was going to be the best candidate today for a
gap and go well the first thing that I'd like to look for is the news that caused the stock
to Gap up in the first place if we click on this link here we can see that this is going
to take us to the finvis news here for otrk and the headline is new data shows significant
reduction in depression and anxiety symptoms for on-track Health's Innovative Whole Health
Plus program members now unfortunately there may not be exact things that are going to determine
what type of news is going to be stronger than others but when I see that there is some kind
of data related to depression and anxiety and the reduction of those symptoms because these
are two huge things in the world right now this in my opinion can be considered very strong news
for this stock so right off the bat otrk was going to be a potential Gap and go for me the
next step is going to be then to Simply look at the charts and do some basic technical analysis
now I was looking at the 15-minute chart here in pre-market and if we just look at pre-market and
kind of avoid the intraday activity here for a moment we could see that other than this candle
here which had a quick false breakout there was a pretty key level of resistance forming at about
one dollar and 10 cents per share in pre-market trading activity here for otrk so what I did was I
used that level as my potential breakout area and I actually posted this over in the trading chat in
the market Master Group after posting the chart here back in pre-market I said it's bullish if
it can get back above 110 which has been acting as resistance since the initial Spike and then later
on once it started to poke through that resistance I did share with the members also that it is
trying again to move the resistance and that it is going to be on watch for a breakout moving forward
so following that if we go ahead and fast forward here a bit into the intraday price action we can
go to a shorter term time frame now um and we see that there was an opening range breakout
here above the first five minute candles high and that's actually where I started to buy into
my initial trade now when you're trading opening range breakouts what I like to do is I like to
use the first candles high and low for my entry as well as my risk management point so because I
bought in at this breakout here I would then use the low down here of this first candle as my area
to cut losses if the trade happened to start reversing against me but in this case we got
a nice move forward it spiked up very quickly and it ended up getting halted for volatility to the
upside after that halt ended I was able to lock in profits and at that point I already had a very
nice cushion in profits for this trade now I've talked about that strategy quite a few times here
on this channel so the one that I want to talk about now is going to be a little bit different
because I did actually take two trades in otrk today the second one was when we saw that this
level that was past resistance started to act as a little bit of support So after this initial Spike
we saw that the price pulled all the way back down to that 110 level and this time instead of acting
as resistance like we saw to in all of pre-market that resistance level actually became a bit of a
level of support we saw the stock bounce back off of it and after it started to form this higher low
right here above this previous low that's when I started to get into my second trade and we could
see right away it started to ramp back up the volume picked back up and we ended up getting
a new high now I will say that my position size in my first trade was quite a bit bigger than my
second trade but I was able to almost perfectly nail the exit on the second trade and the reason
for that is if we take a look down here at the daily chart and we zoom in a bit we could see that
if we go ahead and draw a line here up in the 160s this was the high of another big spike that we saw
in the past for otrk so that is naturally going to be a level of resistance we can see that the price
spiked almost exactly up into that level before pulling all the way back down about 40 cents or
so so far and this level is exactly what I use to sell out of my position up in the high 150s
okay so this is how I like to trade stocks early in the morning and this is again how
I made a 1200 profit today with two quick and easy trades in the stock
otrk again just to quickly recap I like to find the stocks that are gapping up look at their news
to see which stocks are going to be most likely to continue to run at the market open and then
do some basic technical analysis to determine my entries as well as my exits for the trades I
follow these same steps every single day and even though I personally do other types of Trades as
well it is entirely possible to just follow these steps and with good risk management you could
be able to trade full-time using this exact same trading strategy okay so I know this was a quick
video but I hope you enjoyed and found some value in it if you did please make sure to give it a
like And subscribe to the channel and if you want to learn more about day trading swing trading and
long-term investing and join us in the market Master Trading Group you can learn more about
our programs at Master the market which will be the first link Down Below in the description but
anyway thank you again for watching I hope you enjoyed and good luck with your Trading
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