 One of the most common questions I get asked is, you know, how do I start day trading? So what me and my mentor about it for our viewers on YouTube is create a free mentorship course that reveals our 12 secrets that every single brand new day trader should know before they get started. But please take note that there is limited seating every single week. So please reserve your spot at myinvestingclub.co. The link is in the description. All right, August 3rd today. The discussion is IPO breakouts and IPO breakdowns. I've talked about this in the past and it is quite simple. I was going to talk about something else today but I felt this would be a good topic to revisit with Robin Hood IPO going parabolic. Sorry about the dog in the background. And the reason why I wanted to mention the IPO breakout and breakdown strategy is it's something that a newer trader can look for. And you can just add it to your arsenal because honestly it's probably one of the few strategies when buying a breakout or shorting a breakdown actually works most of the time. When there's actually an edge in this and I just want to explain a few scenarios where you need a few scenarios where it works most often and when it most often fails. So let's look at the most often failed scenario first. Those situations are going to be IPOs that have no interest. All right. IPOs that have no interest are mostly from companies that none of us know about. We don't know anything about their tech. The market doesn't know anything about their tech and so we're not really focused on any of it. So I know a lot of people are probably enticed to go out and create an IPO scanner. I'm going to find new IPOs making all-time highs. I'm going to find that scanner. I'm going to make that scanner and then I'm just going to look for those stocks. That's not the situation here. It takes it takes a bunch of eyes being on the same stock along with their being an actual technical breakout or breakdown. It has to go hand in hand. If you don't have the attention of the market or the people that are buying and selling the stock, the setup is never going to work. So if we don't have the attention, it's just going to basically just be sideways and or it's going to pick a trend most likely and it's not going to be nearly as explosive as hood or something like PLTR or anything along those lines. So some other recent IPOs that we can take a look at besides hood. I'm going to show you a few more is like the most really popular one was snow. This was kind of a drawn out situation. It really just like day one. I remember this IPO. I was on a webinar with with Tosh on this one. Oh my gosh. I can't believe that's almost a year ago. Wow. Where's the time gone? Oh my goodness. And this just was an epic, epic fail from from the get go. And so now it becomes a very, but there, let me just rephrase that. There is a lot of attention on this and it's dictated by the volume that you need to fully understand those because honestly, those two setups are where you're going to make the most of your profits. Those are going to be the bulk of your profits. If you go back and you look at this, they require the least amount of effort for the most return. Somebody that's, you know, like, like somebody that's Alex, for example, let's take Alex for example, because that that is really his greatest strength is is sizing in when the opportunity is best. And when the opportunity is best for him is on the first red day of these big parabolic runners, which that is the case for most small cap traders. That is the big edge is, you know, when they go red that first time, man, it's bloods in the water and it's time to go. And so Alex's ability is that he really has become very confident in that setup. And now he just strikes with all his might into that trade. Now that it can be the same thing for other traders too. And if you go back and if somebody like Alex goes back and looks at what he made on the year for me, when I go back and look at what I make on the year, I know that on the long side of things, most of my money, most of my money that I make is on first green day setups, buying those bounces off of the bottom, buying those bottom bouncers. That's where most of my stuff is going to come from on the short sign. It's going to come from first red days. When I go back, I can tell you at least half of the profits are from first green days and first red days. So they require, they make up half of my entire gains and they required the least amount of prep and effort. They required the most conviction, right? Dangerous word. But they required the most confidence in my trade, but I was able to make half of my entire year on just two setups. AMD on watch for an upcoming? Nope. Nope. Let me tell you why. Let me tell you why. Okay, so let me just, let me break away from there. IPO breakouts and breakdowns on day one or on the initial IPO run is so good. It's so good, but the day one has to have that incredible volume. So let me just get through the examples real fast and I'm going to address that AMD question. Don't let, don't go away. Stay tuned. Let's go back to some two really big IPO days. PLTR. This was one that had a ton of attention. I don't know why. I still have no idea what this company even does, but apparently a lot of other people did. I didn't. All I know is it was a lot of volume, okay? All I know is there was a lot of volume and Brian was, he was already long and something and he was like, man, this thing's going to go. This thing's going to go. And I was like, I don't know if it's going to go or not. All I know is there's a lot of people talking about it. And so it became something that I immediately had to watch. So this is a great example. It's so simple, guys. It's so simple to see this too. Just draw literally the highs right there is 1142. Okay. Just look at what, just look at what happens. Simplest breakout strategy ever.