Stock goes up 644% in 1 Day!

you guys I am telling you you will not believe what just happened this is insane icct this Ted this whole day was an epic disaster for a lot of people including me I'm gonna break it down for you in this episode I am inside my traveling trading station trading on my starlink in Canada the internet today has been terrible and I just watched live as I CCT squeezed up over 644 to a high of over forty dollars a share it happened live during this recap where I was analyzing my trades from this morning to what I thought I did right what I did wrong and whoa that was insane this is a wild wild recap I hope you guys enjoy it please hit the thumbs up and let's jump in look at those charts and start breaking it down Okay so yesterday this was halted pending news and I kind of had a suspicion that they were gonna say there's no news to account for the move because it was halted for such a long time this is a headline I wasn't expecting at all so the headline is that um they did a spec this was a SPAC merger so it brought an OTC stock up to the NASDAQ market and they said today trading of ICT Securities was halted on NASDAQ when it was identified that certain shares did not convert using the post-business combination exchange ratio and the exchange ratio is something like 29 to 1. so if you had shares of the OTC stock prior those are being converted and turned into the shares of the new company but some of them didn't exchange at the right ratio and that can actually be a really serious problem because let's say that some of them didn't exchange with the correct ratio and therefore people had more shares than they should have had and started just selling them hey I hear my son hey let me finish this video and then I'll come out okay all right so that could create a situation where people oversell the stock and put themselves in a short position that happened earlier this year with a stock that did a reverse split but the shares were not we're not um divided by the ratio of the split which is crazy these kind of mishaps should not happen in any case I've never really seen these things happen until this year but um it's happened in a couple different ways so that was the headline but it wasn't really there wasn't a lot of detail behind it and so this morning they said it was going to start trading at market open today uh Wednesday morning we'll resume trading at Market open well that wasn't even correct because it started trading it like let's see what time was it uh and you can see I hit a high of seven let's see a high was 18.73 wow okay so they said it was going to start trading at Market open it actually started trading uh what was the time let's see at nine a.m that's not Market open that's 9 am all right so I'm dealing with my internet it keeps disconnecting I keep reconnecting every few minutes is just like disconnecting disconnect and disconnecting it'll probably happen during this um during this broadcast so I've just been um basically just running this um this ping right in my sort of side um side so every time I see it um say you know well you'll see it I'm sure it'll do it at some point here so so anyways um so I've been running this and obviously I just kept losing my internet and I was like man this is so frustrating um I mean I was seeing red I was just getting so irritated oh here we go it just hit a new High um right there that's a nice curl up to a high now of 1897. so I wanted to trade this um it was moving higher oopsie request timed out right there so I lost the connection just for a second there so I wanted to trade it uh there was also dbgi and in the process of blogging out logging back in I got two trades to start the day one was on dbgi the other was on icct I was green on both I was up 500 on icct I was up 500 on dbgi and then I got back in dbgi but I accidentally bought 3 000 shares which is my default order entry when I log into my platform even though I only wanted to buy a thousand and I promptly gave back the little profit I had on it and went down 1600 bucks because I lost like 70 cents a share on my 3 000 shares now that wouldn't have happened if I wasn't fumbling with logging in and logging out logging in logging out but like right now you can see I don't even have data I'm a lot to reconnect here I need to actually log out save layout log back in enter my password again and so on and so forth so I keep doing this you know every uh basically every time I lose my connection so so anyways so we have um ICT resume trading it surprised me by resuming at nine right I think it surprised everyone because we thought it was going to resume it um be open which is what we were told and basically what happens is it resumed pretty much at the halt price from yesterday which was pretty bullish to be honest it squeezes up to 629 I tried to buy and you know what starts happening is when you start losing connection we'll see if I lose connection again if I lose quotes what will happen is if I reconnect sometimes what it'll say down here is it'll say read write access denied blah blah blah blah um and I have to log out and log back in so my first trade orders denied because of these login logout issues all right so I missed that first pop up to six dollars all right so it goes up to six I obviously missed that trade completely then it um sorry where am I then it goes up a little bit higher it goes up to seven right here I try to get back in I fumbled my gosh darn orders on it and let's see um I ended up going red about uh twenty seven hundred dollars on the day so I ended up buying icct at about nine dollars a share right up here and of course I stop out as it comes back down to 840 and I was like God dang it you know I'm I'm about to lose my mind here I keep getting disconnected and I was like you know what I'm I'm done I shouldn't have even tried today this was the dumbest thing that I've done in a while full degenerate mode here because I don't even have good internet what am I what am I even doing why am I even trying to trade when I don't have good internet this is a rookie move right trading is hard enough without adding these types of things so so I'm like yeah I'm done I'm not I'm not even looking back I see it dropped it comes back up I was like kind of still watching because I was doing some other work sells off a little bit it's also pouring rain here so it's not really a lot that I could do I was just kind of hunkering down and I see it halted down here and I was like man this thing is just so choppy uh and then I missed it uh going up uh the farmer from down the road came up and brought some cucumbers and some green beans and then his wife brought some cookies uh very nice and then we were showing them the new banister and anyways so you know and they wanted to look at the the van and so I got distracted for a little bit and then I sit back down and it's at um it's four o'clock so I sit back down at like 405 and I see it like right here I'm like oh my god um well let's open up the computer so I open up the computer uh well open up my trading platform again and I traded it on this move up with my best exit being at um what was it 17 uh I don't know 1730s or 1740s get pulled back here it curls back up right through here up to 18. up to 19 right high right there was 18.73 and then just now we got this move right there we're showing 1919. so what's my connection so yeah I just timed out again um so I'm down a couple times timed out so I feel like I'm maybe starting to get out of sync with the market uh right now you know looking at this level too and looking at the uh sort of position of this we're hanging out right underneath that pre-market or that after hours high of 1970. the fact is I've already gone so far degenerate today I don't even feel like I should um take another trade but at the same time one would wonder what might happen should this break 1950 uh would it go up to 1970. oh there it goes control yourself my man [Music] you know how you know how it is uh something told me that might happen and I clutch my hands this is me sitting on my hands not taking the trade but oh boy you know um it's just the fact that sometimes you got to get out while the Going's good and not overstay your welcome uh too much but boy we are now up 275 percent this is going higher and the fact is if I didn't take this trade right here should I really be trading it right here I'll that's something I struggle with sometimes you know if I miss that really good setup should I you know trade it at this level and look at the five minute chart you've got five green candles in a row I'm gonna be the schmuck that gets in at 22 and watches it drop to 20. uh you know what I mean like this is this is where things get um really can get really sloppy there's a 9 000 share bid there at 21 though so in any case I don't know how high this is gonna go um this was a very unusual halt there's 22.50 there's 20 well look at that 22 21.99 just a second ago you saw 2260 on the level two right there's 20 22.90 22.90 right now but just see how fast that can drop so now you've got 10 cents spread but there's a seller at 23. so there's some selling up there 23. 23 maybe it's shorts maybe it's profit taking or up 300 percent and you know I can't say it's too much of a disaster because I am green on it now we're skipping a half dollar up to 23.50 right so this is when things start to move quickly you've got right now for a second there like a four Cent spread 23.30 on the ass 2 000 share bid 2310 23.50 on the ass then it's 80 23.84 23.85 3 800 shares next up is 24. look 2 cent spread right there there's a that was look at that 24.79 this has 69 million shares of volume 24.84 2560. 25.55 this is a short squeeze happening right now 25.55 on the ass 24 25 on the bid 26 on the ask if you're short heavy you have no there's no way to unwind this position right now it's just going straight up 26.88 2688 26 uh 59 on the bid and then you know the thing is like it's at what point do you what do you do when you see something like this you know obviously one move and this is this is tricky because if you had chased this you would have been rewarded for sure look I mean you there's no way you would have lost if you would chase that pretty much anywhere right here all right but let's watch what happens when uh that comes back and and spanks you so let's say you just bought it at 29. the high is 29.73 you're down three dollars a share right now on 2 000 shares that's six thousand bucks that's not even a big position to be down that much you know sometimes we're trading um you got to know like I said um when the goings good you know just to take your profit and get out because the fact is even though I don't have anything you know Monumental today thirteen hundred dollars in the green is a heck of a lot better than 2700 in the red you know 1300 a day that's three four hundred thousand a year these are good days you've got to be grateful for it and you've got to take those gains when you have it you start overstaying your welcome and you can give back profit like that so I could see how someone could have chased this and given back some profit now you've got a high topping tail 29.73 this is exciting though that we were able to get this live right here uh and and I do feel you know I feel some fomo right now but imagine imagine I take this like trade right here right right there that ABCD pattern on the one minute and all of a sudden my internet goes out for two full minutes two full minutes of offline with no cell phone service nothing what if it's four minutes what if it's five months look at what just happened in the last five minutes so I I suppose I'm looking forward to being home uh next week and back in my office for the rest of the year because being on the traveling trading station certainly does um there's a sacrifice to it but there's also the reality that life is meant to be lived and if you're able to get green make a little money and uh you know live to trade another day that's pretty good so I'm in Canada trading on the traveling trading station locking up a measly thirteen hundred dollars it's not a lot of money but uh but it certainly is a Green Day it feels much better than being read left some money on the table but leaving money on the table to me is better than giving back profit I did not give back profit uh here because I am actually at my high of day right now even though it's not a lot it is my high a day this must have broken over 400 percent uh 427 percent wow wild that's pretty crazy all right so I hope you guys have enjoyed this recap uh who knows where this is gonna go from here but that to me this is a uh Vault this is a volume top high volume topping tail usually that marks the top now you could have said the same thing uh possibly with this candle right here and that did Mark the top for a period of time you know before the reversal um any swing trade short sellers you know are gonna obviously I mean they might have already just gotten liquidated out of that and that liquidation is what can create those really really big spikes uh I just wish that you know these would happen there you go uh the high there was 30 90. but this is bearish right now because look at how this is a topping tail but it's 28.50 on the bed that's two points down on the bid so if now there's a few people that hit the market button and sell okay so someone just put out that big order did you see that big order that flashed now there's two things that might be happening there someone might be putting out a big order because they're legitimately trying to buy twenty thousand shares someone also might be putting out that order to try to cover a short position and someone might be spoofing putting out that order to try to get people to buy so they can fill a short position 478 percent right now 478 percent and right there see I'm uh I'm I'm offline so right now I'm offline 34.77 my charts came up fast 36 37. oh my God this is epic right now this is crazy 500 there's a 10 000 share buyer right there I'm gonna have to think that's probably that I don't know that's got to be someone covering a short forty dollars a share coming up now I feel like I should have just traded it with like 100 shares but um wow 600 percent 644 percent this is insane so it's very important to maintain self-control and discipline when you're watching these types of moves because um you can see how in in I mean literally right now I could I mean I have the buying power to buy five ten thousand shares right so all of a sudden oh boy imagine that 10 000 shares right here at 40. I'm down 25 000 between the spread right thirty thousand in the red right now forty thousand almost forty but forty thousand so a momentary lapse of judgment when you have some buying power in your account can cost you a tremendous amount of money I'm telling you I had done it before you know all of a sudden you get the you get that fomo and you start punching those keys you get a little frustrated and now I'm offline oh oh so that ten thousand shares just you know is down eighty thousand bucks right there that's a hundred thousand dollar loss I'm sure there's people that just made and lost a hundred thousand you know whether they lost it on the short side or lost it fomoing in at the very top that red candle you know I I I I do um I suppose it's worth you know asking myself um why didn't I trade this I just went up as much as it did uh but the whole thing today was that I haven't been able to maintain a steady internet connection and that is a major problem when you're a day trader this is not okay this is not a safe time to trade when you have this internet issue now if I'd been at home I probably still wouldn't have traded you want to know why because I probably would have made my money in the morning whether it was fifteen hundred or two thousand or five thousand or maybe even 10 or 15. I made my I would have made my money in the morning and I would have said hey my job's done I did my work I don't need to overstay my welcome right it's the it's usually the degenerates that are trading this late in the day uh I I'm guilty of that today I definitely came back and traded after hours and uh could have gotten myself into a real situation on this 644 percent gain at its peak 644 so now this candle has 90 seconds left on it um so let's see um I'll just do one share 19. so I'll show you what's happening here so I'm connected but it's not letting me um it's giving me so it rejected the first one then the second to it placed so you know it's just you get this weird stuff that happens when you go through these disconnection reconnections and um it's just that's not when you should be traded so I remember this happened on my trip to Maine a couple years ago as well I was using the Wi-Fi that was at the place I stayed at the Airbnb or whatever so this summer I've traded in Europe I've traded in Colorado Kansas Missouri Kentucky driving across West Virginia coming back up through Pennsylvania New York and Maine and the starlink has been unfortunately Hit or Miss considering it's not cheap uh the big starlink in motion is 2500 bucks that's a 2500 satellite dish on the roof and it costs another 200 or so a month uh to run I wish it was more consistent I wish it was a bit better but um you know for other people's needs it would be perfectly adequate you know if you're watching Netflix and you don't mind the buffering then you're fine but for this kind of thing it's such a shame I hope it gets better I really really do it's you know there's so much potential there and I'm glad they're still investing in that infrastructure but right now it's just not quite there in any case you know yesterday and the day before were much better uh before the weather came in so but wow um you know again I think that um I I definitely sat on my hands here sometimes you feel like having rules uh on the one hand if I'd if I'd had discipline and followed my rules today I I probably would have had a no trade day because I don't have good internet and I really shouldn't have traded at all but I broke my rules um when in the red and then was kind of frustrated the whole day refreshed my computer saw it was squeezing up after hours and said screw it I'm getting in and rode that squeeze there up to 18 or whatever it was um then this high was 1880 or 19 and then we watched as it moved up here and at that point I was like man you already dodged a bullet today you went from minus 2 700 to plus 1300 on kind of a degenerate move so um but I I had the right idea on that and I just you know but when do you stop when do you walk away right because if I took that trade and let's just say it popped to 20 there was a 20 000 share seller and then it flushed to 18.50 and then I'm back to minus 2700 holy smokes I would feel like a real loser so I'm gonna stand behind the statement that today was a disaster it was a disaster for shorts it was probably disaster for some Wongs and it was a disaster for me and tomorrow I just need to press the reset button and Shake It Off clear the Slate it's a new day and I hope you enjoyed this epic crazy wild recap I hope you hit the thumbs up I hope you subscribe the channel and I'll see you guys back here first thing tomorrow morning reminder as always that trading is risky my results aren't typical and there's no guarantee you'll find success if you want to watch a couple full-length classes here on YouTube I'll put the playlist right up here in another video uh right there as well for you guys to check out and I'll see you back at it first thing tomorrow morning