After another teasing week filled with both opportunity but also bludgeons well with all that in the forefront. many people are coming from far and from white with just one simple question. And that question is, what are the top three stocks for this week? What are they? Well, of course we're going to be talking about that in this video and we're going to be doing it violently. but I have some extra caffeine in my teeth so be prepared.

The green tea ones always have more caffeine that always messes me up. But first, of course, before we start, I want to go ahead and do some quick updates and recaps on last week. So if you missed Friday's video, I just want to go ahead and reiterate that my intention for our upstart play upst is to designate it as a Take Profit play early. For me, the inherent value here is about 170, and the fact that it's almost doubled in the last couple of weeks since its recent lows, combined with the fact that growth companies as a whole have a very tight environment to get funding makes me think that hey, you know what? This is time to start thinking about taking profits getting very overbought again when it gets back to oversold or it gets back to that low 100s area, I'll reiterate it as a buy.

I love this play, but sometimes it just doesn't pay to just keep holding out because eventually you're going to get a cycle out, you're going to be like damn it I wish I took more profits when it was up, so I'd say definitely don't get too greedy with this play if you want a middle ground. hey, you can lock in some of your profits on the position and then set a stop loss for the rest. A trailing stop loss allows you to let it run a little bit more if it does run. but be aware that if you get a massive gap down in the pre-market the stop-loss isn't going to save you.

So something to keep in mind. I would not get greedy in this market condition. Who cares if you miss out On some upside, take the battles and take the spoils that you have No Alibaba Baba Goshipa baba. It ended the week pretty much flat, maybe a couple bucks up.

Of course, Alibaba is in a sector of Peak Fud right now. It's Tech and it's Chinese, Two different categories of stocks that are being destroyed right now, and if you look at the last six months, it's had a really hard time because of the regulatory worries and because of the interest rate crunch. It's actually funny. Alibaba originally dropped 40 billion because of scares over the Chinese regulatory crackdown, and that regulatory crackdown actually resulted in a 2.8 billion dollar fine.

So that meant the bark was 15 times worse than the bite. But investors are like, nope, I can't take any bite and the buy did hurt last earnings. I mean, you got to pay for that fine. but it's a very, very, small portion of Alibaba's revenue and it's not going to be a fine that affects Alibaba for years.

Keep in mind, this is a company with 811 million users. 811 million people use Alibaba annually. I mean, that's a massive, massive market, and this is a company that, despite having some of the worst Pr and stresses over regulations, managed to report growth in almost every major segment of revenue year over year as well as overall on an adjusted basis. And this is also a company that's going to benefit greatly from the high gdp bounce back of China.

Throughout this year and afterwards, I see it as easy to push Alibaba to the side because of overall fud and fear and everything in the market right now. But I think it's really, really hard to debate Alibaba's longer term outlook and a lot of people agree with me. In fact, if you look at Wall Street analysts, the average analyst price target is 304. Right now, even the Bears are putting it at 270.

And 35 hedge funds have Alibaba as a top 10 holding right now. Definitely with the broader market environment, it's hard to say that Alibaba is going to be a fast recoverer, but still. Hey, there's a lot of value here now in terms of short-term trades and briefing plays if you tuned in on Friday. We talked about some of the wins that close out the week on Friday.

Fairly strong end to the week. the most exciting was Anvs which reported a positive phase to data release and on news of positive phase data, it ran from the low 30s to over 90.. Now that doesn't happen every day and what we're really doing is we're identifying catalysts and then being prepared if the catalysts run. But you also have to be willing to lock in profits or these trades just aren't for you.

I always hear Charlie Time in the market beats timing the market, but I'm not sure how locking in profits, Having proper risk management and a clear exit plan means timing the market. It means having clear risk management. It means actually going into a position intentionally. It's not timing the market, it's taking profits when the market rewards you.

The idea that you should just buy and hold the stock that goes up to 300 percent in a day is just a fairy tale. Most socks that run up this much almost always wipe out their gains. So get in, get out. Not timing the market to take profits.

You never never never want to feel bad or make excuses for taking profits. One of the other learning examples from the briefings that I want to go over really quickly was Jzxn. You can clearly see that once again, short-term plays aren't plays that you buy and hold. If you don't play the chart, you're going to wipe out.

You got to make sure you have a trailing stop-loss You got to make sure that you have a risk management plan. Are you going to sell out at a break of direction? Are you going to sell out when it's down 5? 10? 15 percent? Are you going to sell out when you get a validation point, which is the break below the blue Sma line Because at the end of the day, even if it rallies this much hey, it doesn't really matter if you're just holding and hoping, right? Okay folks, now it's time to get to work on this week. and the top three stocks for this week. And the only thing that I ask of you in return is that you hit that ravishing like button And also don't forget to subscribe either.

Okay folks, so the first stock that I'm going to talk about is actually going to be a category of stocks or asset classes. I should say, a class that needs to be talked about right now because it's one of the most relevant. It's probably not going to bounce back this week, but it's very important that we talk about this and how to react to it. What asset class or stock do you think I'm talking about? Well, Bitcoin and Bitcoin miners.

They continue to be in a very, very bearish cycle as many of us were guessing several weeks ago, especially after the start of the Elon Musk Fudd. It's just been in the sustained sell-off that keeps making lower and lower lows. We get balances, but clearly the trend has been overall down. This is a bear market for crypto.

It's a crypto winter. Obviously a combination of different factors here, many which we've discussed the Chinese crackdown, regulatory concerns in terms of environmental and legal, and many different other countries besides China, and overall some growing pains in terms of cryptocurrency. But that's fine. Obviously, we've had this in the past.

We've seen this in 2017. We've seen this many times. This time around, Bitcoin has a lot more institutional acceptance with the likes of Jp Morgan, Diamond Handing, and it's also become extremely profitable for hedge funds to go into the cryptocurrency market and trade both sides of the move. Hedge funds add an extreme amount of volatility because they leverage so quickly and so often.

We were talking earlier last week in the last couple weeks about over leverage in the cryptocurrency market, and that pushes moves both really, really quickly to the downside, but also really, really quickly to the upside. So, the faster we get to crunch, the faster that we can get a bounce back. In terms of a Crypto Bear market, I mean, hey, you know what? You're always going to have these cycles back and forth with any asset class. It just happens that Bitcoin, especially and the rest of the cryptocurrency market tends to be a lot more volatile, so the moves are a lot more dramatic.

But you get what you pay for because on the flip side, when you get a bounce back, the moves tend to be a lot faster as well. Right now, you're seeing all the media pump. These articles are like, oh, we all knew that Bitcoin was a scam expert. said back when Bitcoin wasn't a thousand dollars a coin, that Bitcoin would never sustain an uptrend.

It's like, well, obviously, Bitcoin always has sell-offs. You can't have the ups with anything without having the downs, and you don't deserve the opposite. You can't take the downs at the end of the day, no matter how much Bitcoin gets bludgeoned. Remember, this is an asset class that was able to get a trillion dollars in market cap.

A trillion dollars. A trillion dollars doesn't find itself magically in useless asset classes. Even though people are like, oh, crypto crudes, these are useless. Hey, a trillion dollars.

I have no doubt that Bitcoin got pushed a lot farther than it should have, a lot faster than it should have, because that's how leverage works. But hey, cryptocurrency isn't going away, and Bitcoin as the leader of cryptocurrency isn't going away either. Now in terms of how low Bitcoin miners can go and whether or not you should buy them, the longer we are going to have to wait for Bitcoin to bounce back, the longer it's going to take for Bitcoin miners like Mar and Ryan to bounce back as well. Let's be real.

Mar and Riot holders know that there's been so many times that you've been tested and rewarded, but this may be the biggest test yet, as we haven't seen an extended crypto winter since Maura and Riot have rose to prominence. The other day, we were talking about the concept of a crypto winter, and a lot of folks sent me this article by Kathy Wood saying that Bitcoin is going to go to 500 000 as proof that we're not going to get into a crypto winter. But respectfully, just remember that just because somebody has an outlook that something's going to go to 500 000 over the long run, doesn't mean that it has to go there tomorrow and expecting it to totally mitigates the whole argument. In fact, Kathy would herself said that cryptocurrency is not necessarily at a bottom in those same articles that I was sent in terms of whether Bitcoin can get to 500 000 per coin.

Well, that would be somewhere around a 10 trillion market cap, which would be spitting distance to the market cap of gold at 12 trillion. Could that happen? Certainly. But is that going to happen overnight? How could that happen overnight? You know how much money that is that money has to come out of somewhere. and with this interest rate environment, you're not going to see it all born to Bitcoin overnight.

The reason I'm saying this is because if you're buying and holding this, you gotta have realistic expectations. How many people had to deal with massive fud during the last several peaks of Bitcoin where it sold off sometimes for years? Hopefully this time it doesn't sell off for years? I don't think it will. Bitcoin's cycles have been quicker and quicker as more and more people have adopted it, and I don't expect that to be any different this time around. But keep in mind that what we're looking at right now is a crypto winter and we can't say for sure when it's going to come back.

But what we can say is that if you believe in this currency and you have conviction, well this is going to be one of the best opportunities to buy. And I definitely don't think this downtrend is done yet. So lots of opportunity here. Okay, next I want to talk about Ride.

So Lordstown Motors has been a short squeezer over the last week because they announced they'd be opening up their factories for the press next month. However, this came at the same time where Lordstown pushed their hernias forward a week which is now coming up tomorrow and I'm in a boat with Lordstown where I'm a little bit skeptical. On one hand, I think that Lordstown has been short and distorted to oblivion. On the other hand, Lordstown hasn't given us a lot of information in terms of how they're dealing with this chip shortage, whether they're actually going to be able to meet Fall 2021 guidelines for production, and whether they're dealing with a lot of the same supply chain issues as some of their more established competitors.

It's also true that Lordstown's demand is probably going to be affected quite a bit by all of these new entrants into this pickup truck market. Of course, the electric F-150 being one of the biggest ones, so we need to see some guidance. Otherwise, Lordstown is just a short squeeze play. I do like Lordstown, but there's just not enough information right now to say hey, is this worth a long-term conviction? My gut tells me hey, this is way undervalued because it's been short and distorted to oblivion.

But at the same time, we don't have enough information from Lordstown, so we got to get some proof of concept first. And earnings can at least tell us something about where they are right now. and the next month when we get the press tours, we'll get more information as well. Okay, lastly, I want to talk about Eton.

So Eton is an Fda Catalyst play and it has two big catalysts coming up this week. The first is on its drug application for dehydrated alcohol injection for the treatment of methanol poisoning of which a decision is going to be made on Thursday the 27th, and the second is for Eton Zonicimide oral suspension for epilepsy of which a decision will be made on the 29th, which is Saturday. Now Utah is an interesting beast because Eton is a small cap company that has a lot staking on these two catalysts. They need these things to go to market.

They need approval from the Fda, and when you combine it all together, that means this is a huge catalyst for Eton. And the way that Fda approvals work is that when you get close to an Fda approval date that's pre-announced like these are, then you get volume start flowing in that can work for or against you. Few potential opportunities when it comes to catalyst plays or the pre-anticipatory run up to the catalyst, and then the post-reaction run. But oftentimes you don't want to hold through and the reason is because it's kind of a gamble.

What if they don't get approved then obviously you're going to get a beat down. What if it gets pre-factored in ahead of time if it goes up like 20, 30, 40 percent in anticipation of an Fda approval? Well, hey, maybe there's not as much upside. If it gets approved, then people start taking profits and it gets beat down. So you want to make sure that you play pre-anticipatory runs and post-reaction runs separately.

And these are some of the most aggressive moves in terms of the stock market and trading, because hey, it's a massive catalyst for a small company. So again, this is great for people who want to start trading and practicing with very volatile stocks that have clear catalysts. But if this is your first rodeo, I would suggest hey do some paper trading, simulate trade these and see if you can do well on those and then in the future you'll have enough practice to start really scaling in. Anyways, folks that caps off the video.

If you'd like to join us in Zip Trader Circle, I'll go ahead and put a link to that below. That's our free Facebook group where you can learn with a lot of other traders and of course Quick Plug. This video is sponsored by Zip Trader U. similar to an exercise program.

Oftentimes if you don't have a clear structure, you're going to be very, very demotivated. You're going to quit quickly, and you're definitely not going to have the confidence to stick it out. You're going to feel lost. So the goal of Zip Trader You is of course to provide you with a step-by-step structure and also allow you to work with our private chat and be briefed every morning on what is happening and where the stock battlefields lie.

Anyways, folks, if you are interested, I'll go ahead and put the link below and you can watch the intro video where this charming gentleman will explain everything you need to know if you want to take the leap and join us. Coupon code: Battlefield 75 if you want to get 75 off before checkout. If you're wondering what broker to trade these stocks with, I'll put a link to Weeble below as well. Anyways, have a great day and I'll see you in the next video.