Stock Tuesday with Unraveller Episode 63 — Transcript

Full transcript

1. 0:06[snorts]
2. 0:45>> Good guys. Good evening.
3. 0:48Let me just get set up here. Little
4. 0:49running behind today.
5. 0:55There you go. Can you guys hear me?
6. 0:57Doing a little mic check.
7. 1:00Hear me? See me?
8. 1:08I remember when I first talked to you
9. 1:08guys everything crashed. I mean, we've
10. 1:10come a long way on our YouTube journey.
11. 1:12You can say that again.
12. 1:15Um oh let me post it in the chat.
13. 1:18And smash the like button, guys. Smash
14. 1:20the subscribe button. We're close to
15. 1:2112,000 subs.
16. 1:23So, let's get there. Get your
17. 1:24girlfriend. Get your sneaky link. Get
18. 1:27your girlfriend's boyfriend. All of them
19. 1:28to like it.
20. 1:30We need this. Regardless, we have to be
21. 1:31there together, right?
22. 1:35Thank you for the support, guys. As
23. 1:37always.
24. 1:45Market's [snorts] good. Got a lot of
25. 1:47jokes.
26. 1:48Right?
27. 1:50Uh look at this, guys. I got the the new
28. 1:52thingy.
29. 1:53Post a post some uh review after after I
30. 1:55see it, okay? I got the the new Duo.
31. 1:57I was setting that up.
32. 2:01Oh.
33. 2:02I don't know like it looks good to me so
34. 2:03I don't know if I don't really trust the
35. 2:05reviews. I feel like they're paid
36. 2:07to talk about Apple. I mean let's
37. 2:09be real. How many times have you had bad
38. 2:11experiences with Apple?
39. 2:13So I'm kind of like questioning
40. 2:14everything that I'm reading online.
41. 2:17Let's talk about that later though.
42. 2:19Um
43. 2:19we'll give it like 30 more seconds and
44. 2:21get started guys, okay?
45. 2:48All right.
46. 2:50This is Friday, 23rd.
47. 2:53Monday.
48. 2:55Okay.
49. 2:56>> [clears throat]
50. 2:56>> I think we're going to get started guys.
51. 2:58Um welcome and good evening.
52. 3:00Happy Stock Tuesday. Today is episode
53. 3:0363.
54. 3:04So if you guys have uh this is the first
55. 3:06time you're joining, right? We do this
56. 3:07every Tuesday, 7:00 Eastern. And we've
57. 3:10been doing this for 63 weeks, give or
58. 3:12take. We got Butterball in the chat.
59. 3:15And uh thank you for your support. So if
60. 3:17you guys are new, I will use this half
61. 3:20an hour, 40 minutes, whatever the time
62. 3:21frame is to
63. 3:23kind of walk you through all of my
64. 3:24setups, right? So if I give you any
65. 3:25signal, I'll give you what goes on in my
66. 3:27head. Kind of
67. 3:29give you guys some free game there. And
68. 3:31I'll also give you some free trade
69. 3:32ideas. Give you levels, how to execute
70. 3:34stuff.
71. 3:35Last but not least, I will give you some
72. 3:37trading advice
73. 3:39during this time. So you can use the
74. 3:40chat to ask me question.
75. 3:42And uh yeah, that's pretty much it. Only
76. 3:45thing I ask in return is smash that like
77. 3:47button, smash the subscribe button.
78. 3:49Let's get this stream popping.
79. 3:51And uh help me with the stream.
80. 3:53Don't skimp out on it, okay?
81. 3:55Um all right, let's go ahead and get
82. 3:56started. I'm going to talk about the uh
83. 3:58the signals from Friday. And then I'll
84. 4:00walk you through Monday and then
85. 4:01Tuesday.
86. 4:02And uh today was just like I mean it's
87. 4:04been crazy every for the past 3 weeks
88. 4:06for me, right? Every day we've been
89. 4:08nailing like a 1,500% trade. I just did
90. 4:10the review last week. Last week I didn't
91. 4:11even signal a single loss, guys.
92. 4:13On the signal, everything was a win.
93. 4:15Right? We got the direction right,
94. 4:18execution right perfectly last week. And
95. 4:20the last week I felt like it was a very
96. 4:21difficult week as well.
97. 4:23And uh
98. 4:24and I feel like I should take more
99. 4:25vacations because I took a like a couple
100. 4:27of days to Miami and then I'm like
101. 4:30I feel like okay, Now we need to
102. 4:31work. Then we need to make our bag back,
103. 4:33right? And I feel like uh disconnecting
104. 4:37always helps with the market and
105. 4:39and this is a you know, that's just
106. 4:40proof that.
107. 4:41So this week, very big week. Israeli
108. 4:43elections happening now. I don't know if
109. 4:45they're going to attack Iran. Please
110. 4:46don't ban me, YouTube. I'm just talking
111. 4:48about stuff, okay?
112. 4:49And uh
113. 4:51we also have midterms next week plus a
114. 4:52lot of earnings coming up. Right?
115. 4:55I think regardless of what happens,
116. 4:58market's going to make a big move.
117. 5:00And
118. 5:01so coming from someone who's reading the
119. 5:03tape a lot,
120. 5:05there has been a lot of jumpiness in the
121. 5:06tape, okay?
122. 5:08We're making money, we're getting good
123. 5:09setups and whatnot, but don't get me
124. 5:10wrong. This week's been easy. If you
125. 5:12made Monday and Tuesday any kind of
126. 5:13money, it's like easy, right? It's
127. 5:15nothing you're not doing anything crazy,
128. 5:17right? You're buying calls or buying
129. 5:19puts and it's just going, right? So
130. 5:21don't get comfortable. Don't get
131. 5:22complacent. Don't get cocky thinking
132. 5:25this is how it will be and give up all
133. 5:27your gains. Wednesday, Thursday, and
134. 5:29Friday,
135. 5:30lock in, okay? Lock in.
136. 5:32Do not
137. 5:33do be very stubborn in giving back
138. 5:35gains, okay?
139. 5:36Cut your loss quickly as much as you can
140. 5:38because the the opportunity will come.
141. 5:40Just don't marry into a position. Let it
142. 5:41be calls or puts, it doesn't matter.
143. 5:44Don't marry into any position.
144. 5:46Follow your stops and just for these
145. 5:48next 2 weeks, okay? Because as much as
146. 5:50you'll get easy action, that's how they
147. 5:51get you to be complacent and then you'll
148. 5:54get bagged, okay? So don't do that,
149. 5:55okay? Anyway, coming to AMD, this was a
150. 5:58Friday signal I gave you guys.
151. 6:00Um I think we did like a couple of longs
152. 6:02on AMD. At the open, I Did I give a long
153. 6:05or short? I don't remember.
154. 6:07I think the 522 long. Was it Thursday?
155. 6:09Yeah, it was Thursday.
156. 6:11No, it was here.
157. 6:12It was here, right? So, I gave you guys
158. 6:14a lot of couple of long signals off of
159. 6:16this 522 520 area. This was the open. We
160. 6:19caught a little long here and then when
161. 6:21the sell-off happened, I signaled full
162. 6:22size trade here again. This ended up
163. 6:24doing I think close to 100% on next week
164. 6:26contracts. This is crazy good. This was
165. 6:29I think last Friday. Oh, this is Monday.
166. 6:32No.
167. 6:33Wait.
168. 6:35Okay, I signaled it here. My bad, guys.
169. 6:36My bad.
170. 6:37This day I shorted spy. Monday yesterday
171. 6:39I shorted AMD here. So, Friday, this is
172. 6:42where I went long here. At the open we
173. 6:44signaled a long and then when it came
174. 6:45back, we got a little add here, went
175. 6:47back to 524 and uh this was a very good
176. 6:50signal for us. We made a good money on
177. 6:52that.
178. 6:53Yesterday, market open. I actually
179. 6:55shorted the highest here.
180. 6:57At open 526
181. 6:59area, if you guys remember the first the
182. 7:02signal I told
183. 7:03I think I took a 6% loss on that. And I
184. 7:05said, "Keep your contracts ready.
185. 7:07Once I get the wick confirmation, we'll
186. 7:09get full size trade." And my idea was
187. 7:11pretty easy. The The tape was very weak
188. 7:13on semis, okay? Even on the day when I
189. 7:15longed it, didn't look really look that
190. 7:17strong. Okay. So, when it popped up
191. 7:19here, I just wanted to see if there'll
192. 7:20be a little failure or wick. So, 526 528
193. 7:23was risk.
194. 7:24And we executed full size.
195. 7:26Don't remember how much it did. Maybe
196. 7:2860%.
197. 7:29Okay? And then when it came back up and
198. 7:31then they reclaimed this 5 22 area, this
199. 7:33became a long and ever since it's been
200. 7:35ripping AMD's been ripping here. Okay?
201. 7:37This was This would have been like a
202. 7:38nicer long if I signaled it, but like
203. 7:41you guys know, I did like five signals
204. 7:42yesterday and I was like pretty done for
205. 7:44the day already, but this was amazing.
206. 7:47And then now it turned into a squeeze.
207. 7:49Today they actually took over 555 as
208. 7:50well. Okay? So, write this down.
209. 7:54Tomorrow I will be watching AMD
210. 7:56for a trade. This has turned into a
211. 7:58strong name now.
212. 7:59I go to the one-hour time frame. Kind of
213. 8:01see this kind of see the look here.
214. 8:03Okay?
215. 8:04Now,
216. 8:06I personally thought initially they
217. 8:08would go and flush 500 before ripping
218. 8:10higher. Okay? I still think that's going
219. 8:13to happen, right? Because you have a lot
220. 8:15of earnings, so we can't rule that out
221. 8:16yet. So, tomorrow, going into the
222. 8:18session, I want to see a little grab
223. 8:20under this area here, around this 543.
224. 8:24Yeah, 543, 544. So, basically, I want to
225. 8:27see a move under sell-off here, and a
226. 8:29grab around this maybe 540 to 544, $4
227. 8:32range. Okay?
228. 8:34And don't worry about like getting the
229. 8:36read. I will let you know if I like the
230. 8:38tape.
231. 8:38But, this is the area I want to see this
232. 8:40form a swing low, and if it does, and
233. 8:42then maybe [snorts] it would look
234. 8:43strong, and maybe you could take it on a
235. 8:44bounce. Okay? It was up 5% today, okay?
236. 8:47So, up $30. So, all I want is like maybe
237. 8:50like a $15 to $20 sell-off here, and
238. 8:52then maybe we can take it. Okay? Does
239. 8:54that make sense, guys? Put a yes if
240. 8:55you're following.
241. 8:56Put a yes in the chat. Smash the like
242. 8:57button on the stream
243. 8:59as well.
244. 9:02Red box means it's just a
245. 9:05zone of supply.
246. 9:08There's 200 of you watching, only 93
247. 9:10likes, guys. We need more likes. Get the
248. 9:12likes up.
249. 9:13All right. I'm going to go to PLTR now.
250. 9:16You know I've been like
251. 9:17PLTR trader, professional PLTR trader.
252. 9:20You need to call me that, okay?
253. 9:21And this stock I have kind of mastered
254. 9:24it, okay? Every You can see all the
255. 9:25green boxes that we've kind of nailed
256. 9:26it. Like pretty like This looks like my
257. 9:29meta chart right now.
258. 9:30Like start of the year, if you told me
259. 9:32I'd be trading PLTR having this many
260. 9:34levels, I would laugh at you. Right?
261. 9:36But, it's a good trader. What do you
262. 9:38want me to do?
263. 9:39It's trading, right?
264. 9:41It makes good moves, good ranges, and it
265. 9:42screws people. It doesn't trade like a
266. 9:44retail trader. It trades like a market
267. 9:46maker mover. So, I like that.
268. 9:48And uh
269. 9:49So, it's uh it's it's good, right? It's
270. 9:51good. As long as we're making money,
271. 9:52it's good, right? So, I've been watching
272. 9:55I think I gave you guys a signal on
273. 9:56Friday also off of this box, like what
274. 9:58like 25, 30%? But, then they liquidated
275. 10:00it, okay? This week, they kind of built
276. 10:03back up here, okay? So, today I gave you
277. 10:05guys, I think,
278. 10:06three signals on PLTR.
279. 10:08Okay? At the open, right at the bell,
280. 10:10right? 197 risk The candle open here. I
281. 10:13just like one I was willing to risk $1
282. 10:15$1 risk here from here, right? So, right
283. 10:17at the bell, right at the lows we got in
284. 10:19at the
285. 10:20uh PLTR.
286. 10:22Straight up, went all the way to 202.
287. 10:2555% trade.
288. 10:27Right? Insane. And I thought like,
289. 10:28"Dude, like if it's going like that,
290. 10:29it's going to like bust through, right?"
291. 10:31But nope, market maker said, "Not yet.
292. 10:33Not yet.
293. 10:34We still have election results. We still
294. 10:36have a lot of to get through."
295. 10:38So, they came back down. So, we sold
296. 10:39runners green. And came back down, I
297. 10:41tried one more Actually, no. When we got
298. 10:44a retest here, I did one more second
299. 10:45scalp, which ended up doing 30%, right?
300. 10:48That was the second trade.
301. 10:49Third trade when it came back down, I
302. 10:51actually did enter,
303. 10:52but Apple was distracting me. I got lazy
304. 10:55and I It took a sell when I didn't have
305. 10:57to sell. 197 was my risk.
306. 10:59I stopped out for maybe 5%. Okay? And
307. 11:02then when it came back down, I was in
308. 11:04Apple and I was in PLTR. I signaled this
309. 11:06one as well.
310. 11:07This ended up doing what? 65, 70% I
311. 11:10think so at the highs here. Okay? Now,
312. 11:13this was amazing trade, but it still
313. 11:15didn't do it. It still didn't break the
314. 11:17highs here. Now, it's kind of
315. 11:18disappointing
316. 11:19um because I thought they would.
317. 11:21So, going tomorrow,
318. 11:23202, guys. This is the level. I'm not
319. 11:25like I'm not hiding my chart or anything
320. 11:27like that. 202. We need to clear this.
321. 11:29Okay? Straight up breakout trade, break
322. 11:31retest kind of trade is what we need.
323. 11:34And uh
324. 11:36that'll be easy. Okay?
325. 11:38I don't know how the market will move
326. 11:40after hours, but we need a 202 breakout
327. 11:42here. Okay, there's too much
328. 11:43consolidation in these areas. I'm sure a
329. 11:45lot of people are already exposed here.
330. 11:47So, we just need to simply break out. We
331. 11:49get a squeeze. Okay?
332. 11:51Does that make sense? Can you use the
333. 11:53same mic for live? Yeah, I use the same
334. 11:54mic for live, man. It's just Brett's uh
335. 11:57speakers are bad.
336. 11:59So, if you're on Discord, what's going
337. 12:00to happen is I talk into this.
338. 12:03The Zoom [clears throat] gets the direct
339. 12:04audio, right? Brett's speakers is going
340. 12:06to pick up the audio from the Zoom, and
341. 12:08you're going to hear it.
342. 12:10You get it, right? So, that's why you
343. 12:11don't get good audio, right? So, if you
344. 12:13want good audio, get the Zoom package so
345. 12:15you can hear from Zoom.
346. 12:17Will the funds be slow down today
347. 12:19moment? I mean, always.
348. 12:20Right?
349. 12:22I mean, it doesn't matter. We'll find
350. 12:23some setup to trade. I don't care about
351. 12:25all these things. We'll We'll find
352. 12:26something to trade. We'll make some
353. 12:27money and we'll chill after that.
354. 12:30The funds here, obviously, will
355. 12:32move the market.
356. 12:35Um okay.
357. 12:38All right. That is Palantir 202. We need
358. 12:41that. Downside trade, I'll tell you
359. 12:43Palantir.
360. 12:44Write it down, guys. 192 level.
361. 12:47Where is that?
362. 12:48Yeah, I'll draw a draw box for you,
363. 12:49okay?
364. 12:50I want it under this. I have a zone
365. 12:52here. You need to lose this.
366. 12:54If you lose this, Palantir sells off.
367. 12:58Okay? Palantir sells off. This is that's
368. 13:00going to lose. It sells off. 202, green
369. 13:02zone. Breaks out, it's a long.
370. 13:04It's a squeeze. It's going to be a
371. 13:05squeeze, okay?
372. 13:07I'm happy they didn't do it today
373. 13:08because tomorrow I can buy more
374. 13:09contracts.
375. 13:12Tomorrow will be FOMC. So, what?
376. 13:15So, what? We'll We'll still trade it.
377. 13:17It's fine.
378. 13:18I'm not going to trade spy, but I can
379. 13:20trade the individuals, right?
380. 13:22Um okay.
381. 13:24All right, let's go to Tesla.
382. 13:26Tesla Friday I did a 100% signal. That
383. 13:28was the start of the big move and I told
384. 13:30you guys it's going to squeeze.
385. 13:32How many times did I just say this? It's
386. 13:33just crazy. This was my long signal
387. 13:35Friday.
388. 13:36Here.
389. 13:37Right? Big sell. Everyone got caught
390. 13:39short. While we long, did 100%. A big
391. 13:42gap up after that. And once you broke
392. 13:44our red zone, which was the signal
393. 13:45yesterday the guys did,
394. 13:46it was just a straight up upper, right?
395. 13:48I'm happy I took the other trades
396. 13:50because unless you put your uh maximum
397. 13:54size of the first candle here, you can't
398. 13:56size on this. The whole day it's chopped
399. 13:57around, right? Today's trade was much
400. 13:59better, I feel like, right? Today I
401. 14:01brought I brought caught the straight.
402. 14:03Today's trade you could have actually
403. 14:04sized. I would not me not me personally.
404. 14:06I would I didn't size on this. I just
405. 14:08scalped it because it's around these
406. 14:10obvious areas. I don't like to trade
407. 14:11those kind of setups, right? But,
408. 14:13obvious setups do work and it did end up
409. 14:15working end up working. And
410. 14:18initially they did sell here for a 350.
411. 14:20Then they made him wait for like an
412. 14:22hour. Made us money though. I was very
413. 14:23happy.
414. 14:25And then it ended up working here. I
415. 14:27don't have any opinion on Tesla guys. I
416. 14:28don't think I will trade this. I don't I
417. 14:30didn't like the last time Tesla traded
418. 14:31above 400. It was
419. 14:34very
420. 14:35bad. It may run a little higher and I
421. 14:38have a red level at 421 here. Okay? When
422. 14:41it gets there maybe I'll revisit it, but
423. 14:42it's still very far away. Okay? I don't
424. 14:45have an opinion on Tesla as of now.
425. 14:48421 red level
426. 14:50maybe 395 for downside under 395. This
427. 14:544-hour structure here.
428. 14:59Yeah, 395 and under would be nice.
429. 15:02If you lose the 395 structure maybe you
430. 15:04have another $5 drop. $5 drop goes we go
431. 15:06back to previous test here.
432. 15:09Okay?
433. 15:10I don't have any ideas. Most likely not
434. 15:12going to signal on Tesla until maybe
435. 15:15Thursday or Friday.
436. 15:18Uh let's do some questions.
437. 15:20And then we'll I'll jump to other
438. 15:22charts. I have to cover Apple next.
439. 15:24Okay?
440. 15:26Who loved Apple? Who loves Apple?
441. 15:29Post if you guys caught this trade with
442. 15:30me. Post put put a me if you did catch
443. 15:32this trade.
444. 15:34You got to know the levels guys. Like
445. 15:35that's the thing. Like look at this.
446. 15:36Whenever like my charts align and the
447. 15:39tape looks good like it really never
448. 15:41ever misses. It's one of those like
449. 15:43beautiful names, right?
450. 15:45And the
451. 15:47the PTSD is because of this day. Like
452. 15:49Bret had a PTSD because of this day, but
453. 15:50look at Do I have any levels here?
454. 15:53Look at this.
455. 15:54>> [laughter]
456. 15:55>> It's a It's a non-existent zone here.
457. 15:57Like you know, you know you're not going
458. 15:59to you're not going to risk it.
459. 16:01Um but anyway,
460. 16:03let's do some questions.
461. 16:05What do you think about
462. 16:07funded trading options? I don't know,
463. 16:09man. I don't know about it anything
464. 16:10about it.
465. 16:13How much is the mentorship? 4,000. I
466. 16:15don't have I have a batch last batch
467. 16:17going. I don't know my December travel
468. 16:19plans, so I don't I highly doubt I'll do
469. 16:21another batch this year.
470. 16:24But if I do, you guys will know, okay?
471. 16:29When reading the tape, are you able to
472. 16:30freeze or slow the tape to get a better
473. 16:32read? I mean,
474. 16:34you don't really I mean, you don't need
475. 16:36to microanalyze every transaction on the
476. 16:39tape. Okay?
477. 16:42Um you need to understand certain
478. 16:44things, certain patterns, and how it
479. 16:45needs to go.
480. 16:46And um you need to really understand
481. 16:48supply-demand concepts first.
482. 16:50And you don't have to pause or you don't
483. 16:53need to filter the size. Those are like
484. 16:55some common misconceptions.
485. 16:57Is Meta going to 600?
486. 16:59Maybe. I've been shorting Meta my way.
487. 17:02There was a big 100% short yesterday.
488. 17:05Don't you just love it? I just like love
489. 17:07it. Right? Big short.
490. 17:09I tried to short here for like 38. They
491. 17:11gave a little 10% more, but then I sold
492. 17:14uh right before it moved down. I think I
493. 17:16took a 5-6% loss again on this. Very
494. 17:18quick exit. They ripped it to the next
495. 17:20supply, trapped everyone in here, and
496. 17:22then rug pulled it. Look at this.
497. 17:25So, I have a red level here at 612.
498. 17:27Okay? I will have to see what the tape
499. 17:29looks like in this area.
500. 17:31Then if it loses it, it's going to flush
501. 17:32into 580.
502. 17:34Okay, but uh
503. 17:36this uh
504. 17:37this is a big level here. We almost got
505. 17:39Meta short. No, we got Meta shorts. Like
506. 17:41I got Meta shorts. I signaled it twice
507. 17:43yesterday.
508. 17:44It was a good trade.
509. 17:46Yesterday we got AMD and Meta shorts.
510. 17:49AMD uh shorts, Meta shorts.
511. 17:52And I got to flip long on AMD as well.
512. 17:54Today we got PLTR.
513. 17:56We got Apple.
514. 17:58Apple pretty easy trade today. Open, big
515. 18:01sell.
516. 18:02Then once it did a reclaim of the my red
517. 18:04box here, 343, I entered long. And um
518. 18:08pretty much just ripped 100%.
519. 18:12Why do you prefer SPY over QQQ?
520. 18:15Uh
521. 18:16I don't know. I trade I trade QQQ also,
522. 18:17but SPY is more well-around, right? So,
523. 18:20I can I can trade that. If I want to
524. 18:21trade tech, I'll just trade tech
525. 18:23directly.
526. 18:24Doesn't make sense?
527. 18:25Like if I want to trade tech, I'll trade
528. 18:26Tesla, right? I don't want to like Why
529. 18:28do I want to trade QQQ?
530. 18:30It's It's like that, right?
531. 18:32Um
532. 18:33I'd rather pick a tech name that's like
533. 18:35stronger or weaker and then trade that.
534. 18:38SPY I would like it better because at
535. 18:41least I know general market direction's
536. 18:43going to go. But if tech tech may
537. 18:45sometimes be lagging. I don't like that.
538. 18:46I don't like that disconnection between
539. 18:48that. And that's exactly why.
540. 18:52When you mark your levels, are you doing
541. 18:541 hour with wicks or you just following
542. 18:56market structure?
543. 18:57I just
544. 18:58I don't like
545. 19:00I like [clears throat] I mean, I'll show
546. 19:01you some charts, okay? I'll show you my
547. 19:02Meta chart, for example.
548. 19:04I don't like do that. I don't like micro
549. 19:06analyze levels, wicks, and all that. I
550. 19:08just draw a level where I feel like it.
551. 19:09My levels are just like all over the
552. 19:11place.
553. 19:12Right? So, if I'm trading a $600 name,
554. 19:15it really doesn't matter, right? Like a
555. 19:17little wick or body. Either I'm wrong or
556. 19:20I'm right. And
557. 19:22I kind of leave it like that. And like
558. 19:25just like estimate area, okay? But in
559. 19:27general, if you have a wick and body,
560. 19:29find the area with the most confluence.
561. 19:31That's kind of makes sense more, right?
562. 19:33And both matter. It just depends on the
563. 19:36context on how you're approaching that.
564. 19:40Um guys, smash the like button, guys.
565. 19:42Subscribe to the channel.
566. 19:44Let me go over Apple and then I'll do
567. 19:46more questions.
568. 19:49And um
569. 19:50we have big earnings this week, like
570. 19:51really. Tomorrow I like today's session,
571. 19:54we already made good money last 2 days.
572. 19:56Tomorrow's session is more like a
573. 19:57wait-and-watch kind of thing.
574. 19:59And try to get some cash flow, nothing
575. 20:01crazy, right? And then Thursday session
576. 20:03and Friday session, I think we can go on
577. 20:05the offense again.
578. 20:10You only use 5-minute chart. I struggle
579. 20:11to get entries on 5 minutes. Yes.
580. 20:17I don't Guys, like again, like you're
581. 20:20asking you're you're asking me if I wait
582. 20:21for candle close and all that, right?
583. 20:24I like I don't want to be like arrogant
584. 20:26or not that. I don't do all that, right?
585. 20:28I just like what I see. Like again,
586. 20:29you're talking to someone with over 13
587. 20:31years of experience, right?
588. 20:32I signal PLTR 30 seconds into the open
589. 20:35today. Long. We chatted with thousands
590. 20:37of people, right?
591. 20:39I trade on conviction based on what I
592. 20:41see and if I like what I see, I'll
593. 20:42double down on it and I won't like I'm
594. 20:44like like that, right?
595. 20:45But if you want a little confirmation,
596. 20:48what not sure candle closes can help
597. 20:49you. But I'll open PLTR for now.
598. 20:52Like the first candle, what candle
599. 20:54close?
600. 20:55I would have missed out on the trade if
601. 20:56I did that, right?
602. 20:58So sometimes if you were trend trader
603. 21:00waiting for action what not, you can't
604. 21:01be trading the first 10 minutes. First
605. 21:0310 15 minutes is just literally for
606. 21:06traders that are conviction and they
607. 21:07know the trades. It's mostly like I'm
608. 21:09basically like trading options like I'm
609. 21:11trading equity. Okay?
610. 21:13But if you're really patient what not,
611. 21:15you wait. This the second signal that I
612. 21:17gave on PLTR,
613. 21:19this everyone could have traded. Candle
614. 21:20close, wick up, close. You you get it,
615. 21:23right? So you either pick and choose. If
616. 21:26you want
617. 21:28to trade the open, you just need to have
618. 21:29an excellent read, excellent execution,
619. 21:31and you need to know your levels in the
620. 21:33back of your mind. Okay? I'm not
621. 21:35bragging. I'm not doing any of those
622. 21:36things. I've gotten clapped at trading
623. 21:37the open many times, right? But if you
624. 21:39want to do that, those are the things
625. 21:40that you need to improve on and
626. 21:42eventually you'll get there. Okay? Does
627. 21:45that make sense?
628. 21:46All right. Let's look at Apple and then
629. 21:50I think we did for tomorrow. Apple
630. 21:52actually like the continuation on this
631. 21:53guys, okay? I think the boys, I mean
632. 21:55Brett might signal it tomorrow. I mean
633. 21:57usually I like the day ones.
634. 21:59I don't like the day twos
635. 22:01because it's getting to be an obvious
636. 22:02setup. But it it it even though it's an
637. 22:05obvious setup, you know, it can go.
638. 22:07Okay?
639. 22:08I'll draw some levels for you.
640. 22:10I didn't trade it Friday. Friday that's
641. 22:12why the guy was PT PTSD, but tomorrow it
642. 22:14could work out. Okay? I'm not even like
643. 22:16like joking or anything like that. It
644. 22:18really can work out.
645. 22:20All right? So I actually waited wait for
646. 22:22clear 350 then fail maybe and then
647. 22:24another reclaim you can take it. Okay,
648. 22:25simple like that. Like this is a supply
649. 22:27still.
650. 22:28Uh for a short it needs to really lose
651. 22:30338 area. Where is that here? It needs
652. 22:33to lose 338 for a short. 338 loses next
653. 22:36level I have is 334. 334 loses it could
654. 22:38flip.
655. 22:39Okay?
656. 22:41AMD I already covered, man.
657. 22:43Brett doesn't like Apple. Brett likes
658. 22:44Apple. It just like because of recency
659. 22:46bias, man. Like I I've lost some trades
660. 22:49in some tickers and I'll be like
661. 22:50that ticker and I'll trade something
662. 22:51else. Right? It's just like that. Friday
663. 22:54you could have traded anything else but
664. 22:55you waste your time trading Apple,
665. 22:56right? So it will be frustrating as a
666. 22:57trader to trade something that's shitty.
667. 22:59Right? That's why I don't trade Amazon.
668. 23:00Right? Like you like they'll make money
669. 23:02on Amazon but then one till minute
670. 23:03breaks out one day.
671. 23:05I don't like Amazon but both split.
672. 23:06Right? I would rather trade PLTR than
673. 23:08trade Amazon. You get it, right? Someone
674. 23:10asked you TQQ. I don't like trading TQQ
675. 23:12because I don't like like it's not my
676. 23:13cup of tea. Right?
677. 23:15And it's just that. Yeah, every every
678. 23:16trader has a preference.
679. 23:18IWM
680. 23:21Oh, okay.
681. 23:22See? Oh my god, last Friday we talked
682. 23:24about this. We talked about this. Look
683. 23:26at the retest here. Bottom tick. And you
684. 23:28know I don't trade IWM. IWM. Look at my
685. 23:30levels.
686. 23:31This looks beautiful. This looks
687. 23:33beautiful. Take it. Take it. As a trade
688. 23:34the trend.
689. 23:35This is long as trend goes. Like take it
690. 23:37on trend breaks. Take it on reclaims and
691. 23:39just keep going. That's it. Looks good.
692. 23:41Going to 300. I like it.
693. 23:46Raja, I've been loving all your signals
694. 23:47recently. It'd be great if you can
695. 23:48provide some thesis for the signal.
696. 23:49Thesis stick to this is levels, man.
697. 23:51Um I'm I'm not even like like it's just
698. 23:53levels and you need I am very good at my
699. 23:56directional reads from my own tape
700. 23:57reading and just experience. Right? Uh
701. 24:00I'm not if if I'm trading live, right? I
702. 24:03I don't even think about like thesis.
703. 24:04Like oh this will work. Like
704. 24:07every at the end of the day there is you
705. 24:09have a level. You have a read on the on
706. 24:11a particular name. You enter the trade
707. 24:13and then you adjust the risk. Right?
708. 24:15Basically I'm risking the same on every
709. 24:16trade that I'm doing 10 15%. Right? And
710. 24:19you just take the trade. That's it.
711. 24:21Right? If I be thinking thesis uh this
712. 24:24is the reason that not This is why I
713. 24:25don't like traders that are like if you
714. 24:28go go see the online guys like that
715. 24:29teach and whatnot, they'll all talk
716. 24:31about their setup after the fact.
717. 24:33Everything's already moved. Guys, look
718. 24:35at this. This is why I took this trade.
719. 24:37This is a bull flag breakout here. This
720. 24:39this three stars in the south. This is
721. 24:41the pattern this and that.
722. 24:43It happens after the fact. Like how do
723. 24:45you know this guy actually took the
724. 24:46trade real time, right?
725. 24:48Like you have to pull the trigger and
726. 24:51you have to see things in real time and
727. 24:54that's that's like that's like the
728. 24:56hardest thing and that's what you see
729. 24:57guys here do. I don't blame you guys for
730. 24:59thinking there's some cheat code and
731. 25:00whatnot. It's there's just no cheat
732. 25:01code. There's just you just have to
733. 25:03execute trades and this is very very
734. 25:05hard to do, right? So my advice to you
735. 25:07guys
736. 25:08you need to know your levels, okay?
737. 25:10Have pivot levels which which is the
738. 25:12level that determines the trend, right?
739. 25:14Which is a level that has important
740. 25:15resistance, which is important support
741. 25:17level. Plot it all in your chart and
742. 25:19pick a few names. Don't try to trade the
743. 25:22whole market.
744. 25:23If I like a few names, I'm just going to
745. 25:25pivot to those and that'll be my focus.
746. 25:27Today Apple, I took a little Tesla and I
747. 25:31focused on PLTR. That's it. I didn't do
748. 25:33anything crazy. Spy I just got a little
749. 25:34scalp on Spy. That's it. Nothing else.
750. 25:37I'm going to trade anything else. I
751. 25:38didn't want to trade any crazy things. I
752. 25:39didn't want to touch Nvidia. I didn't.
753. 25:41So you just have to stick to what works
754. 25:43and not try to change too much, okay?
755. 25:46And apply the same strategies every day
756. 25:48for every different conditions
757. 25:49obviously.
758. 25:51Don't switch switch or hop between
759. 25:52different strategies, right? Now you ask
760. 25:55me a question if I did a strategy or
761. 25:56shift to that and then
762. 25:57someone on Twitter says something.
763. 25:59People like that
764. 26:01a strategy is not going to make you a
765. 26:02good trader, okay? A strategy is just a
766. 26:05way to enter a trade and regardless of
767. 26:06what strategy you use, you need to get
768. 26:08your direction right. You need to you
769. 26:10know, you need to be in the right stock
770. 26:11selection.
771. 26:13And focus on those things
772. 26:15and focus on plotting good levels
773. 26:18and that's pretty much it.
774. 26:22Rob, why do you average in? Seems like
775. 26:23you're adding into losing trade. I mean
776. 26:26I don't know what you mean. I mean I
777. 26:27trade based on levels, right? As As the
778. 26:28level holds, I'm not like lost the
779. 26:30trade, right?
780. 26:32So, I mean if I lose, I lose. It's fine.
781. 26:35Everyone loses. I lose, too.
782. 26:38Right? I'll win a lot more and uh you
783. 26:40kind of have to just balance that out.
784. 26:42Whatever you do,
785. 26:44how much size you add needs to be
786. 26:45consistent.
787. 26:47Add only what add into your positions
788. 26:49based on levels. You can be down on a
789. 26:51position. I'll sometimes enter early and
790. 26:53I'm fine being down, but and my level
791. 26:55needs to hold. If my level doesn't hold,
792. 26:57I'll sell. 10% loss or whatever. And
793. 26:58then I can reenter. I'd rather reenter
794. 27:01than hold and hope.
795. 27:02Okay?
796. 27:03Um the more and more experience I've
797. 27:05gotten as a trader as a trader, I like
798. 27:08the market to prove me right on things.
799. 27:10Like even if I have a tape read on
800. 27:12something, I want the market to prove me
801. 27:14right that I am right. And when it does,
802. 27:18no questions asked.
803. 27:19Follow you.
804. 27:20Right? So, it's kind of like that.
805. 27:22Don't enter a thing and then like hope
806. 27:24for the market Don't tell the market
807. 27:25what to do. You follow the market, not
808. 27:27the other way around. Okay? That's the
809. 27:29mistake most traders make.
810. 27:31Okay?
811. 27:33Um AMD I covered. Nvidia I'm not going
812. 27:35to trade, but I'll just open the chart.
813. 27:37It's shitty, guys. I don't recommend
814. 27:38trading Nvidia. Uh it's just shitty.
815. 27:40Right now, there's a big supply at 222.
816. 27:42Maybe 222 breaks, you can get a
817. 27:43breakout. I don't like this chart at
818. 27:45all. I don't like this chart.
819. 27:50When trading big names, why do you
820. 27:51mention how spy is trading as well?
821. 27:52Because uh you need to get your timing
822. 27:54right. I like to make sure if I'm trying
823. 27:57to long something or short something, I
824. 27:58want to make sure that I'm aligned on
825. 28:00what spy is about to do.
826. 28:02Because algos do most of the trading,
827. 28:03right?
828. 28:04Computers do most of the trading. So,
829. 28:05when one name sells off, there's a
830. 28:07correlation and uh the other names also
831. 28:09follow suit.
832. 28:11And uh so, you don't want to get on the
833. 28:12wrong side, wrong direction, wrong
834. 28:14timing. That's pretty much it.
835. 28:16Okay?
836. 28:17Smash the like button, guys.
837. 28:19Let's get to 200 likes. We have 250 plus
838. 28:21people watching.
839. 28:22And those of you watching the recording
840. 28:24after, I get like more than 2,500 views
841. 28:26on these. Please like the stream, guys,
842. 28:27if you're listening to this. Okay?
843. 28:29You are not exempt from liking the
844. 28:30stream. Please support the stream.
845. 28:33Um
846. 28:35Any other questions, guys?
847. 28:38What determines data size or full size?
848. 28:40Like it doesn't matter. Your risk is
849. 28:41what matters, right? Sometimes I'll be
850. 28:43going into the position
851. 28:45and my risk is 10%, 15%, right? And
852. 28:50if I add to a position, my risk is still
853. 28:51the same, okay? So it's based on where
854. 28:53you're adding and whatnot. And sometimes
855. 28:56if I enter a trade,
856. 28:57I can add to a position still, but I'd
857. 28:59rather sell my full position and then
858. 29:01get a new position full size, right? If
859. 29:03my stop loss is like like far away,
860. 29:04right?
861. 29:06So you got to like kind of do the math
862. 29:07like that.
863. 29:08And um
864. 29:09take the trades like uh that way.
865. 29:11There'll be never a full opportunity for
866. 29:13you to get like
867. 29:15I don't know, the perfect full position
868. 29:18with minimal drawdown. It happens maybe
869. 29:19rarely, but it doesn't matter. Just Just
870. 29:22take a size that you're comfortable with
871. 29:25and follow your stop loss. Don't risk
872. 29:26more than 10, 15%. Don't do zero DTEs.
873. 29:30And uh yeah.
874. 29:32Do you think there's more liquidity in
875. 29:33the market? Uh pretty same. It's
876. 29:35all-time high market. Less liquidity.
877. 29:41What do you size based on account? Like
878. 29:431% of your account?
879. 29:45No. Like whatever your account size is,
880. 29:47right? Let's say you have a $10,000
881. 29:49account, $20,000, it doesn't matter.
882. 29:50If you put $2,000 into a trade and let's
883. 29:54say your uh stop loss is 20%. You are
884. 29:58going to lose $400 if you're wrong.
885. 30:00Do you Are you okay with that? If the
886. 30:02answer is yes,
887. 30:04that's your size. If the answer is no,
888. 30:06size down.
889. 30:07Okay? So everyone's risk tolerance is
890. 30:10different. I've I I trade like a
891. 30:12juggernaut. Like I don't like Like if
892. 30:14you go miles my P&Ls from past, right?
893. 30:16When I'm on a run,
894. 30:18I'm on a run until I stop, okay? So I'll
895. 30:21compound my gains over and over again
896. 30:23and then my risk tolerance increased.
897. 30:25Today I was slamming 30, 40 contracts
898. 30:26straight up. Like Like just for scalps,
899. 30:29right? So how do I get that? Because I
900. 30:31earned that, right? Like I keep making
901. 30:33big gains and I have more risk to offset
902. 30:34so I can keep doing that, right? But, if
903. 30:37you are having coming from a drawdown,
904. 30:39let's say I have a big red day or
905. 30:39whatnot, right? And I'm not going to do
906. 30:42that. I'm going to try to build back up,
907. 30:43right? I'm going to build back up, try
908. 30:44to get back, and then slowly build up
909. 30:47again. Okay? So, that's kind of how you
910. 30:48need to think about these things. The
911. 30:50sizing up, risking down, you know, just
912. 30:52sizing down or what your position size
913. 30:54is. It It needs to be based on your
914. 30:56trading performance, not needs to be
915. 30:57based on how you're feeling on the day
916. 30:59or how uh the stock is doing, okay?
917. 31:02Do you think Hood will recover next
918. 31:03week? I don't know. There's a lot of
919. 31:04on Hood online right now. I
920. 31:06have a position too. I don't know. Like,
921. 31:09we'll have to wait and see. If it does
922. 31:10recover, it's going to short squeeze,
923. 31:12but I don't know if it will.
924. 31:14Um I uh wish I took a lot more off when
925. 31:17I did pop 100% here. Uh this is where my
926. 31:19entry was. I hope it doesn't come here,
927. 31:20though.
928. 31:21Okay? If it does, I can add more, but
929. 31:23like I wish I took full full off
930. 31:25on this because I need more money for my
931. 31:26VXX.
932. 31:30Uh what indicator? This is a Ripster's
933. 31:32Cloud.
934. 31:34SPY, really nothing, man. I don't have
935. 31:36any opinions again. Like, I'm not
936. 31:38I I just a range, okay? You're just
937. 31:40trading on the range. Last two days,
938. 31:41it's easy. That's why everyone's getting
939. 31:42cocky. This like it just it just
940. 31:44straight up a squeeze move. It's very
941. 31:45directional. Whenever market's
942. 31:46directional, it'll be easy, right? 764
943. 31:49failed first. Sorry, not 764. What is
944. 31:51764? 768 failed first, and then 764
945. 31:54bottomed formed. And this area, 765,
946. 31:56pre-market level. I thought we'll get
947. 31:57here, but we didn't. Again, then uh
948. 31:59that's what Brett said, "Oh, babe, I'm
949. 32:00just going to long here." I didn't think
950. 32:02it'll be that obvious, but turns out I
951. 32:04was wrong, and it ripped straight up.
952. 32:06Right? Um but it was good for our
953. 32:08Apples, though, because Apple ripped
954. 32:09because of SPY.
955. 32:12How do you calculate risk percentage so
956. 32:14fast? Um experience.
957. 32:16Your options, I'm trading at the money,
958. 32:18so you all can calculate what the delta
959. 32:19is, and uh pretty much similar.
960. 32:22I do not risk more than a dollar or two
961. 32:24on my risk. Even if I do starters,
962. 32:26that's pretty much it.
963. 32:28PLTR, maybe I would have been my risking
964. 32:30like 15 to 16% on starters today because
965. 32:32my risk was $1 one delta.
966. 32:34But then like at the open, that really
967. 32:36fluctuates. It just going to let you
968. 32:38know.
969. 32:40Do you think using prop firm for
970. 32:42beginners with less conviction trades is
971. 32:43all right? Yeah, I mean, try it out.
972. 32:45Better than blowing an account, right? I
973. 32:47I Like if you're doing futures,
974. 32:50futures in my opinion is kind of easier
975. 32:51to trade. I don't agree with the prop
976. 32:53firm rules and all that. But the goal of
977. 32:55those prop firm is to practice trading,
978. 32:57apply your strategies, get some capital,
979. 32:59and then trade on your own money using
980. 33:00your own money, right? You don't want I
981. 33:02don't like those like rules because they
982. 33:04make the prop firm makes money by you
983. 33:06losing it. Okay? They don't want you to
984. 33:08get withdrawals, okay? You understand
985. 33:09that. So, they'll incorporate all these
986. 33:12kinds of rules to make sure you don't
987. 33:13get a withdrawal. People who beat the
988. 33:15system and still get the withdrawal,
989. 33:17props to them because a lot of people do
990. 33:18do that, right? But uh you want to make
991. 33:21sure that uh you learn, you build your
992. 33:23capital, and then start trading on your
993. 33:25own.
994. 33:27What's your PC specs? Uh I mean, I'll
995. 33:30post it later, man. It's nothing. It's
996. 33:31just I have a higher memory processor,
997. 33:33Nvidia processor.
998. 33:35And that's pretty much it.
999. 33:40Correct.
1000. 33:43Um
1001. 33:44I don't have anything else. We may be
1002. 33:46call it early today. I'll do a few more
1003. 33:48questions and then we can call it.
1004. 33:49Do you ever add into strength? I know, I
1005. 33:51add into strength also. I add into
1006. 33:52strength. When I do add into strength, I
1007. 33:54lower for a second layer of contracts,
1008. 33:55and then I'll have my adjusted stop
1009. 33:57loss, okay? So, that's why I give you
1010. 33:59guys new adjusted risk. I'll always say
1011. 34:00this. This is your new adjusted risk,
1012. 34:02guys. This is your new stop loss. This
1013. 34:03is your trail stop loss. I say that
1014. 34:05ahead of time so that you guys can add
1015. 34:07into those pullbacks and whatnot. If it
1016. 34:09holds, it holds. If it doesn't, you can
1017. 34:10simply sell and take profit, right? So,
1018. 34:13it needs to be like that.
1019. 34:18Could it be memory my day sometimes
1020. 34:19freezes? It could be, Corey. If you're
1021. 34:21running like TradingView, Google Chrome,
1022. 34:24uh your thing, you if you don't have
1023. 34:25enough memory, it's going to be like uh
1024. 34:28having an aneurysm, right? Your your
1025. 34:30machine is not going to function
1026. 34:31properly.
1027. 34:33Uh they are not auto block. They are
1028. 34:35simply support and resistance,
1029. 34:37uh uh uh ish ish ish ish ish.
1030. 34:41Any Black Friday discounts? No, it's not
1031. 34:42a Wendy's man.
1032. 34:44>> [laughter]
1033. 34:45>> I'll let you take a few students.
1034. 34:46There's no discounts. It will be worth
1035. 34:48it. You'll buy the end of the week
1036. 34:49class, you'll make your money back. So,
1037. 34:51we go over a lot of advanced stuff
1038. 34:52there. So, especially as the time goes.
1039. 34:55It's a funny question.
1040. 34:56Maybe maybe we'll see. I don't know if I
1041. 34:58have travel plans this December. If I
1042. 34:59don't do maybe I'll I'll do one more
1043. 35:00batch, but it's very tight. It's very
1044. 35:03tight right now.
1045. 35:05Do you use any other strategies like
1046. 35:07selling puts, covered calls? I do not do
1047. 35:09that like often. Maybe during earnings
1048. 35:11sometimes I'll do a spread or something,
1049. 35:13but I haven't done that this year. I
1050. 35:15make my money on equities. I do equity
1051. 35:17swings, take positions like that, and
1052. 35:19then rotate into it. Most traders do.
1053. 35:21Um I just don't talk about it because I
1054. 35:24mostly day trade, right? I just want to
1055. 35:25stick to one thing publicly so that not
1056. 35:28like trying to do the jack of all
1057. 35:29trades. So, you know, I'm doing this and
1058. 35:30doing this. Like just be great at one
1059. 35:32thing, right? And uh that's pretty much
1060. 35:34it.
1061. 35:36How do you predict with someone
1062. 35:38something will squeeze or not? Uh
1063. 35:39something gets
1064. 35:41rejected often off of the same zone and
1065. 35:43keeps coming back. If that breaks level
1066. 35:45breaks, eventually it will squeeze. Um
1067. 35:48and that's pretty much it.
1068. 35:52Yes.
1069. 35:54From selling, then use prop firm to
1070. 35:56expense it. Yeah, correct.
1071. 35:58Anyway guys, I think we can call it
1072. 35:59here. Make sure you smash the like
1073. 36:00button, subscribe button. Black speech
1074. 36:03held tomorrow, and then let the
1075. 36:05political stuff all resolve itself.
1076. 36:08And then we'll still have some good
1077. 36:09trades. It doesn't matter if you have a
1078. 36:10prop firm, see?
1079. 36:11PLTR might be a good watch tomorrow.
1080. 36:13Maybe
1081. 36:14maybe we'll I'll get it. Yeah.
1082. 36:16Anyway guys, have a good one. Bye.