 Today I want to take this opportunity to review a very successful trade on GNS It was a multi-day runner that was identified as one of the pre-market runners and At the time of this video it had gained over 400% I get a lot of DMs asking me how do I trade this type of stock? There are many questions where I should enter How do I size my position? Where do I take profits? How do I set my stop loss? These are all great questions and the aim of this video is to break down the movement of the stock identify key areas where we can accumulate our position with relatively small risk and identify the trend looking At moving averages the momentum. Let's do it So first of all stock head a massive relative volume in the pre-market I've made a video on on the on the volume and on creating your morning watch list So if you haven't seen it go and watch it great stuff At the time of making that watch list that the stock has made a new high which was around 81 cents over here, but it pulled back and It start, you know trying to brew it first it tried to sort of reverse But it failed and that was around 74 cents level then it pulled back and Start making new highs here So what ended up on my watch list was two potential entries one being The break of this key pivot level. So that was the area of resistance There was a potential here to accumulate your position Right, but I wanted to have a little bit more confirmation. So I wanted I wanted it to cross this pivot level and if it did Your stop loss as always is at the low swing low level So stop loss would have been here around 66 67 cents But then it broke out right and then it made move here to In the pre-market high already 92 cents so that alone that move alone would gave you around 24 percent gain, which is great So following Following that run here towards the 92th and level it needed to consolidate and during the market open It was expected that it would pull back because some people that stayed overnight would take some profits And it did but it found a support here around 74 cents level But again made a new pivot here So the greater area to accumulate here if you haven't got in earlier would have been right here around 86 cents level with the stop loss around 74 And and what we see here is when it did break, right? It pushed hard to a new high around 98 so we could assume that the round dollar level would have been a You know a psychological resistance Which it was but then it pulled back here to the 20-day line Which you can see in blue and then after short consolidation it showed up again, and it made a new high at around one ten Okay, and look at that price action I want to point out here the yellow line as you can see here is The eight-day line, right? I use this to to gauge to gauge what sort of momentum the stock is having right and it was kind of you can see glued to that line only You know sort of only here briefly a pullback and try to pull back to 20-day line and As you can see over here it went below, but it stayed relatively tight So I drew the line over here the trend line sort of resistance And we can see the send-in triangle and often what happens with these high momentum stocks You know we get a break when the price actions gets really tight and you know it has it's time for a decision So the great place to add would be here when we see when we saw this price action You know around in this level around dollar level right with your stop-loss just below here around 98 and Look it's shut up again Made a new high here around 126 so that's already would have been 26% gain And then you look how tight the consolidation is right huge volume on The buying side, but a very little selling on the pullbacks Right, so that kind of information that little selling gives you indication There's a lot more buyers than sellers and it's still okay to stay a little after that we got another shut up here To a new high of 166 Right again You know we've got some more selling happening over here But still within the trend right only pulled back to 20-day line to Sort of reclaim the higher of today and go even higher and so this is another key area Right as we went higher still glued to that a day line. We made a new high right over here Okay, 198 so another remember a dollar level Okay, psychological resistance now to dollar level and we pulled back again And this time we even halted down Below the 20-day line and that you know that should you put you on on a defense, right? So in the past you were thinking like you know, okay Where I'll you know where how high can it go and now you are on a defense They're thinking like where I need to be securing my profits. All right, so after we got halted down We opened up lower pulled back to to the 160 area and then we shut back up again, right? making you hide to 216 and You know, it was a bit exhausted, right? It already had a massive run so, you know on the break of I'd say sort of this Level right over here After two big Candles, um, you know, that's where you were to kind of secure your profits and Continue watching right because it had a lot of momentum that day and and this is what we saw exactly here, right? So to pull back pull back Still it tried to try to reverse here But then it got sort of sold down more couldn't break that that level again here as you can see, right? but only here after found support around 140 it kind of started consolidating right it broke here through that pivot and that pivot and Again, bro sort of broke through this pivot But it kind of then got sold off and then consolidated, but I want you to pay attention to how tightly this pride price action is Okay, and we if we remove those lines and draw this line over here We can see that this is trend line resistance and again on the on the On the sort of support side you can see that this is forming now wedge, right? And I think this is where I've alerted an entry of 165 as well and that would have been perfect place to add right look Price got tighter didn't have anywhere to go and it broke out. Okay took out this keep pivot level Here, okay, and then it consolidated for a bit Okay, very little selling again, and then it showed up here taking out the new high of the Taking out of the high of today. Okay, and again new high of the day at 220 Pull back just before the market close to a to a 190 level and again sort of made a made these Now glued to the 50-day line and again wedge formed and again broke out. I'm in the pre-market to 242 Moving moving along very nicely over here once again, you know sort of pulled back Kind of similar story if you look at that wedge here Pulled back found a support around two dollars five cents and then showed up again And it continued the same in the same fashion for the rest of the pre-market making a new high at 308 right what a massive runner and again, like I said, there these were the key areas where you could have added You know accumulated some position here with the clear stop loss around here Similar story over here with this stop loss Being over here if you if you were in the position from you know from from the early From from from early what you would do you simply move your stop loss up as we break and making new highs okay, so Let's say you've entered around here Then you know you just you just continue moving a stop loss up as we making new highs and this way You can stay in that trade for way longer be more profitable secure profits on the way up and Follow the simple rule don't try to buy the bottom and don't try to sell at the top just follow the trend watch the moving averages and Then you know maximize your returns And but also exit when the time, you know when when it's not when you know when when the trend is breaking Hope this was helpful Make sure to follow for more updates and videos. Thanks very much. Talk to you next time