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It's Harry Haas here, and today I'm going to be doing kind of a pre-market process type of video. Just of how I kind of identify stocks in the pre-market, I've been getting a lot of questions like a ton of, hey Harry, how do you find the hot chick in the morning? What stocks are you looking to long? How do you identify stocks to long? So I thought that I'd just go kind of through my day, my kind of pre-market process, and kind of show you like from my point of view just how I kind of evaluate and look at stocks. I know we do in the main chat a lot, we're always kind of constantly saying, this is the hot chick, this is the hot chick, this is the hot chick. But I don't know, I guess some people have been wondering like, how do you find good stocks to long? And so yeah, that's what I'm going to be kind of diving into in this video. First of all, I'm not a licensed financial advisor. This isn't financial advice, even if it seems like it. But without further ado, let's get into the video. All right, so again, I said it's one of the most popular questions I get asked. Each morning, every single morning, I have people DMing me, what's the hot chick, bro? What's the hot chick? What are you looking along? What's the hot chick? And so yeah, I just posted some of the questions like, how do you find characteristics of a strong stock to go long on? I'm a long, I've turned to the short side, low hangers, because every time I try and long these things, they bounce and drop on me. I went to get long, I was looking for some clues, it would be cool if you could kind of point me in the direction of kind of a strong long. And then these other people are like, you know, how do you identify the hot chick? How do you find it? Because I find that we do always mention like, oh, it's a hot chick, it's a hot chick. But I guess maybe there there has been some type of gap, I guess, because I do get these questions quite frequently. So of course, now I'm going to make a video on it so I can direct them to this video. OK, so good indications of a long early, early. It's usually one of the top percent gainers. It's usually in some type of uptrend. It's usually it usually has a massive squeeze at the open or a massive opening drive to let everyone know it's basically saying, hey, I'm here, guys. Like, you know, I'm doing a lot of volume and it it's going to attract a lot of attention because a lot of people are going to kind of have that FOMO. They're going to long in at random times. And, you know, that volume, obviously, if it's a lower float, you know, it gets the float rotation, a lot of shorts get piled in, a lot of longs get piled in, some longs or sorry, some shorts may get trapped and they start buying some longs start chasing and we get a hot chick. So yeah, consistent, constant volume, a low flow, easy to borrow. It's the one that everyone's talking about in the morning like, hey, bro, did you hear about BKQ? Oh, yeah, man, BKQ was insane. It's those type of stocks. So yeah, easy to borrow one. Everyone's talking about. We usually mention the hot chick each morning in main trading chat. And that's something that I just wanted to reiterate is every single morning, whether you see someone type at get whatever or whether Alex, Tosh, one of the mods says, you know, we're looking to avoid this one. This is one I don't want to be playing with on the short side. Usually as a long trader, you can say to yourself, OK, yeah, OK, that's probably going to be the hot chick of the day. Yeah, again, probably the stock of the highest amount of volume in the morning. Look at the table so you can use this as an indication. Maybe you're not necessarily a pro tape reader. No one really is. It's kind of a farce. I've also made a video on that as well. But you can kind of use the tape to give you some clues. And one of the clues that you can pick up, whether you're at any stage in your tape reading or whether you've been experienced for years, is how fast is that sucker moving in the pre-market? How many people are interested in the stock before the market opens up? That is a big, big sign. And again, what's the range? Is it $3 or $4 of range? Or is it just 30 or 40 cents? And it's kind of a liquid. That is something that you can also use as kind of like a clue. And again, I've already said this, but when bow Alex, other short selling mods, I know I just said short selling mods because it's funny, are avoiding, that's a great confirmation. So that type of stuff can really get you going in the right direction. And again, float rotation is a great sign. And if you're new and you don't know what float rotation is, basically it's when, it's when the volume traded exceeds the float, that means that equals one X float rotation. So if you have a two million share float and six million volume has been traded on that day, the float has been rotated three times. That's basically all you can really say. You can take notes on this one. I mean, the easiest definition is if you have a one mil float and you get one mil volume, there you go, that's one rotation. Pretty simple. I'm pretty sure Joe has some videos on this one as well. Loha did a float rotation video for sure. So we definitely have you covered in the float rotation department. And also, if you want another major boost on your pre-market longing process, you can check out this video as well that I've done. Stocks that you should avoid, because I'm going to be referencing this video quite frequently. So if you wanna kinda watch this video after I'm done, you know, you can go ahead and long that one, or not long that one. You can go ahead and watch that one as well. And yeah, I am kinda showing my own video here. But it is kind of important to know and to kinda say to yourself, okay, if these are the strong stocks, I also should probably know what to avoid because that is half the battle as well. So examples, I'm basically going to go over some example days so you can kinda understand and you can identify stocks that'll be potentially trading in the pre-market. There are gonna be some stocks that do spike up after the open that do turn into the hot chick. And that's also important because when you have people like Bowsang, okay, the stock is an avoid, it just popped up. It's not a pump and dump. Like the stock is actual news. There's people kinda in it. There's people, you know, everyone's buying it. It is the new hot chick, it's taken over. That is when you can kinda say to yourself, okay, this is one that I'm gonna kinda look at, draw my lines. I have tons of videos on stocks like that, so you can also check that one out as well. And if you think the stock is not strong, let the stock prove to you that it is. And the best way to do that is at the open when you get that kinda strong opening drive or you're seeing a lot of volume pour in and you're seeing that there's higher lows and you're seeing that the stock is kinda continuing in the uptrend direction, that is when you can kinda identify a stronger stock. But again, nothing's 100% and that's why risk management is number one. It is the, it probably is the holy grail in this game if there is one because I mean, you can say to yourself, oh, there's a higher low, like this stock is going to the moon, but if you're wrong, you must stop out and that is very important to know. So without further ado, I'm just gonna do the examples like this. I figured that this was the best way. I'm just gonna start with April 30th and move on. So this is the scan for April 30th. I didn't really know how to kinda start these videos. So I'm just gonna basically show you like, go through a day, this is April 30th, this is what the scanner looked like. I'm not necessarily someone who would recommend a scanner just because I think they're pretty useless, but for this example in the video, just pretend these are stocks that we've talked about in main chat. And we probably only talked about the first, this one in main chat on this day, but it is important to note, I just wanted to kinda use this scanner as an example and just to kinda explain and show you in the pre-market what I was kinda thinking before the market opens up. So yeah, basically this is the first stock on the scanner and you can see that it's a little bit of liquid, not something that I would touch obviously, not a lot of volume. Obviously there was some type of earnings or a call on the day. And yeah, so basically not gonna touch this one, pretty illiquid in the morning. As you can see, it's a downtrend. You can see that the float is 235 mil, so I'm probably not gonna be looking to touch that as well, but that is just something that is just a complete avoid for me. You can notice there's not a lot of range, it's pretty illiquid. So I mean, yeah, I'm gonna look at this stock and say, you know what, I'm not gonna touch this one. So then we have the second one on the scanner, obviously hot chick of the day. But what we can note about this one is this stock rate here, it is, I guess for some background, it is a day two play, but what we can notice is that this stock was in a void all the way down for me. And the reason why it was in a void was cause it was a little illiquid downtrending, but when all this massive volume came in and the stock started spiking up like that, that's when, like I kinda said to myself, okay, this is gonna be the hot chick for the day, this is gonna be the one that everyone's talking about, everyone's interested in. And that's when it's something that I will look for as a long play. But again, on these type of day two stocks, I do have a video out explaining my kinda day two rules on day two stocks and kinda how I trade them. So you can be sure to check that one out as well because on day two, it is a little bit different than day one. And on day two, you do have a lot more dump risk. So yeah, it's very important to note on this one. So thanks for watching. I'll be in main chat. I always answer DMs, I'm always around. So yeah, take care guys. Thank you so much for watching our video. If you wanna see more of our videos, please subscribe to our YouTube channel by clicking the button here. We do our best to post a new video every single day. If you have any questions about MIC or any general trading questions, please text Tosh using the number here. Also stay up to date by watching some of our most recent videos right over here.