The definition of insanity? Making money every day 👏
There's a movie called Groundhog Day with Bill Murray.
He's a surly reporter who goes to a town he hates, goes to sleep, and wakes up to live the exact same day over and over and over again.
At first, he loses his mind. But then he realizes something: if you're going to live the same day on repeat, you might as well exploit it to your benefit.
If you have a nightmare kind of day and you choose to live it over and over again, you're a psychopath. But if it's a good day? Why not live it on repeat?
That's where we fit in.
We lived the same day over and over again because it was a pretty good day. The last 5 or 6 days have been the exact same day, with the exact same stocks, and the exact same results.
They say the definition of insanity is doing the same thing over and over again and expecting a different result.
I guess we're insane.
We do the same thing over and over again, but we want the same result: profitability.
And we’re getting it.
This morning, I gave one idea: play the fade. The $QQQ was rolling over through multi-day VWAP, and the target was $718. It broke VWAP at $721 and flushed perfectly down to the target. But I warned you in the morning video not to overstay your welcome on a short. Take your 2.5 points and get out before the "fake 'em out, shake 'em out" reverse back over VWAP.
Then we went back to our regularly scheduled programming: BlackBerry ($BB).
Same trade 6 weeks in a row. It broke VWAP, broke the upper range, and we bought it at $11.45. We banged them out at $12.00.
$550 in a 24-minute trade on 1,000 shares.
Then came SpaceX. Pre-market said buy, but I like selling. It started forming a downtrend, broke VWAP, and we shorted the double bottom break at $163.75. We used VWAP as our out (about $1.50 of risk) and rode it down to the orange line for a payday.
And then there was Bank South Pacific. We bought the Fo-Sho-Bro at $34.08 and added at $34.20. It pulled back and stopped us out of some shares, but our final stop never hit. Four hours later, we're still in the trade because we are disciplined to the price action.
We also caught a classic Kardashian bottom on Cerebras, buying it at $196 and riding it to $199 for a clean 3-point trade.
All these "routine" trades add up. That’s roughly $1,000 worth of trading even on small lots. Not a bad day’s pay.
I even recorded a quick video summarizing everything that happened today.
If you’re already inside the room, I’ll see you tomorrow.
If you’re not in here yet, here’s the link to join us.
Kenny Glick | Founder, Hit The Bid
P.S. $11.45 to $12 on BlackBerry. A clean 3 points on Cerebras. $163.75 short on SpaceX. If you want to stop guessing and start trading the same profitable setups every single day, you know where to find us. See you tomorrow.