How should you trade as a Millennial in the 2022 Market — Transcript

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1. 0:00[Music]
2. 0:00[Applause]
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5. 0:03hello guys steven dux here welcome to
6. 0:05this video so today i want to talk about
7. 0:07the plans i'm going to trade uh in the
8. 0:09rest of the year as i talked about in
9. 0:11the last video this market has
10. 0:13significantly
11. 0:14lost its you know volume compared to
12. 0:172021 2020
13. 0:20since 2020 we had this massive stimulus
14. 0:22check that's pouring into the market
15. 0:24pumped up the equity markets and there's
16. 0:27tons of
17. 0:28companies that's going up thousands and
18. 0:31thousands of percent
19. 0:32without any fundamentals so those became
20. 0:35a really good shooting opportunities but
21. 0:37for now uh the stimulus has been taken
22. 0:40out of the market the federal reserve is
23. 0:43pulling out one of the most hawkish
24. 0:46plans that they're going to taking out
25. 0:48the liquidity of the markets definitely
26. 0:50the play has
27. 0:52especially in the printing stock or
28. 0:53small cap area
29. 0:55the play has been significantly reduced
30. 0:58when you haven't seen bounce shore gap
31. 1:00up shore
32. 1:01dollar block those statistics will
33. 1:04completely get changed once people start
34. 1:06to adapt into this market
35. 1:09and right now we still have place here
36. 1:11and there
37. 1:12it's not like we don't have place at all
38. 1:14so in the rest of the year we need to
39. 1:17work on
40. 1:18very specific risk management and also
41. 1:21be able to i would say come up a
42. 1:23strategy to trade a market
43. 1:26and i understand there's tons of factors
44. 1:28that's affecting the global economy and
45. 1:31also affecting you know how
46. 1:34the spi and the queues
47. 1:37perform but overall you know downtrend
48. 1:39of the rest of the year um during qt the
49. 1:42market tends to
50. 1:44go down
51. 1:46in a general trend
52. 1:47so
53. 1:49trading the overall market is completely
54. 1:51different compared to the small cap i
55. 1:53normally make your decisions in one go
56. 1:55so you take your injury and you
57. 1:57exit
58. 1:58by the end of the day or by the
59. 2:02end of the next day but for the overall
60. 2:04markets you kind of have to hold
61. 2:05overnight and make sure that you
62. 2:08give the stock specific range to
63. 2:13give yourself multiple entries
64. 2:15during different days that's how you can
65. 2:18average
66. 2:20that's how you can manage your entry get
67. 2:22a good average and also be able to get a
68. 2:24good risk management so in terms of
69. 2:26return treating the overall market the
70. 2:27return definitely will not be as good as
71. 2:30trading penny stocks because
72. 2:32small caps normally generate 50 or even
73. 2:3470 return in one day uh for the over
74. 2:38markets you are probably looking at
75. 2:41two percent five percent if you're
76. 2:42trading the uh t triple q's that's three
77. 2:45times leverage you can gain probably
78. 2:48um just three times more and will be no
79. 2:51more than 15 in one day so for those um
80. 2:56two different markets they are
81. 2:58completely different but in the future
82. 3:00videos i will be able to dive in in
83. 3:02those etfs and
84. 3:04bigger caps so my general thoughts is
85. 3:07right now as a small cap traders there's
86. 3:10still tons of plays out there
87. 3:12just probably
88. 3:14gets cut two-thirds of the place so if
89. 3:17there is a hundred play in 2021 we
90. 3:19probably have around maybe 20 to 30
91. 3:21plays in a year but still you can still
92. 3:25be able to make tons of money by trading
93. 3:27in the small caps
94. 3:29so there's here comes another strategy
95. 3:31for the bigger caps uh as you know that
96. 3:33we had tons of
97. 3:36uh speculations uh for bitcoin
98. 3:40uh then we had tons of meme stocks like
99. 3:42dogecoin
100. 3:44gme amc and one of the bigger beam
101. 3:47stocks but actually had fundamental is
102. 3:49tesla pretty much all of those overhyped
103. 3:51tickers will get a significant drawdown
104. 3:54uh and probably crash into zero if they
105. 3:56have no fundamentals other than
106. 3:58potentially tesla normally in a bear
107. 4:00market
108. 4:01resistance matters more than the support
109. 4:04so you can build your portfolio i would
110. 4:06say 50 into shorting those meme stocks
111. 4:09and that still has tons of
112. 4:11room to drop like and me and say those
113. 4:14will drop to zero
114. 4:16probably closer to zero uh tesla will
115. 4:19have a significant drawdown probably
116. 4:21more than fifty percent
117. 4:22um
118. 4:24until the fed says something else we're
119. 4:26going back into printing mounting again
120. 4:28which i don't think they will do
121. 4:31and for all those meme stocks be very
122. 4:33careful especially
123. 4:34for the millennials tends to go
124. 4:37you know by the dip
125. 4:38that's one of the main thing for them in
126. 4:412020 but right now the liquidity has
127. 4:44been
128. 4:45pulling out of the markets so be very
129. 4:47careful buying the dip
130. 4:49and in
131. 4:51short term technical analysis you can
132. 4:53buy the dip because shorts tends to
133. 4:55cover and ride the market for a few
134. 4:58weeks but that's not going to work in a
135. 5:00long run so be careful with
136. 5:02uh buying the dip and a lot of people
137. 5:05tends to promote that on youtube so one
138. 5:08of the main thing i want to focus or you
139. 5:10should focus as a beginner where you're
140. 5:11trading this market environment is be
141. 5:14very focused on your risk management do
142. 5:16not risk the money that you can lose
143. 5:18because in this market it's very brutal
144. 5:21you can notice that this market is
145. 5:23coming after the millennials and coming
146. 5:25after all those investors that don't
147. 5:27have
148. 5:28discipline they don't have risk
149. 5:29management and all those people will get
150. 5:31wrapped up before um you know the market
151. 5:34comes back so that's my overall thoughts
152. 5:37for this video
153. 5:38and
154. 5:39let's dive in some few charts
155. 5:42of what happened this week and while we
156. 5:43can potentially trade
157. 5:45into the next week
158. 5:46all right so let's take a look at vru
159. 5:50this sticker has been spiking for two
160. 5:52days and gained about 100 percent now i
161. 5:54haven't seen a ticker that's
162. 5:56going up 100
163. 5:58in one day for quite a while
164. 6:00so this is the one that went up hundred
165. 6:02percent in two days uh this
166. 6:05it had resistance up in in the april
167. 6:0818 and
168. 6:10april 8 which this resistance gets
169. 6:12cancelled by the volume that's trading
170. 6:14above it the price is trading above it
171. 6:17so the main resistance is around 15 and
172. 6:20between 15 and 16 years trading about
173. 6:22100 million volume
174. 6:24quite aware
175. 6:25in
176. 6:27the 2021 markets going into the second
177. 6:30green day on the stock consolidated
178. 6:32throughout the entire day so what you
179. 6:34are looking for is
180. 6:36going into monday probably respect the
181. 6:3815 test at 15 resistance again
182. 6:41uh then consolidate around 12 and before
183. 6:43the final breakdown so
184. 6:45as long as the ticker doesn't break
185. 6:48through 15 i think this will be a decent
186. 6:50shorting opportunity
187. 6:52in upcoming days but just be careful
188. 6:55because this one doesn't produce enough
189. 6:57range for you to shorten to 100 maybe
190. 7:00drop to 10 max
191. 7:03try and drop to 9 it's quite a stretch
192. 7:07so
193. 7:08uh that's my thought on vru now let's
194. 7:10take a look at
195. 7:13one of the other
196. 7:15would say
197. 7:17medium stocks
198. 7:18gme amc this is getting completely
199. 7:20destroyed from
200. 7:23last year
201. 7:24starting in may
202. 7:27dropped quite a bit since last push i
203. 7:30think i alerted i shorted the amc in
204. 7:32around 31 and covered it into the 20s um
205. 7:36didn't thought i can fade that far
206. 7:39but you can clearly see
207. 7:41that pretty much all the meme stocks
208. 7:43that got hyped in 2021 is getting
209. 7:45completely destroyed
210. 7:47same thing goes on to gme so gme is
211. 7:49holding better than amc but uh when
212. 7:52either bitcoin goes to
213. 7:55ten thousand seven thousand on all those
214. 7:58tickers will probably get killed um
215. 8:01going back to the single digits and for
216. 8:03future plan i will say
217. 8:05this market is definitely favor the
218. 8:08short sellers into any pop you can short
219. 8:11into any pops as long you can have have
220. 8:13a solid risk shooting into any pops into
221. 8:18parabolic spikes on those meme stocks
222. 8:20that has no fundamentals those will be a
223. 8:23great opportunities for you to make
224. 8:24money in this market
225. 8:27in terms of buying i would
226. 8:29try to avoid that because
227. 8:32timing the dip in the overall market is
228. 8:34extremely difficult try a small dip buy
229. 8:37here and there and you know track some
230. 8:38data but
231. 8:41i wouldn't recommend not buying this
232. 8:44market so
233. 8:46uh that would be my plan for the rest of
234. 8:47the year let me know your thoughts also
235. 8:49we have a conference upcoming in july
236. 8:52and we will put a link below for you to
237. 8:53register uh if you want to come in and
238. 8:56listen uh other traders to talk and how
239. 8:59traded in 2021 and what's
240. 9:02my i was a more detailed plan in the
241. 9:04upcoming future i think it will be a
242. 9:06really good opportunities for you guys
243. 9:08to really learn from each other and also
244. 9:11be able to have a solid plan going to
245. 9:14the
246. 9:14future markets because we're shifting
247. 9:16into a different age for this market so
248. 9:19that'll be uh end of this video thank
249. 9:21you very much for watching i will see
250. 9:22you guys
251. 9:25[Music]