Trading Monthly Recap: August 2020 $94,700 — Transcript

Full transcript

1. 0:01welcome everybody
2. 0:03jack kellogg here got my
3. 0:06august 2020 in the books for ninety four
4. 0:10thousand
5. 0:10seven hundred dollars in profits
6. 0:14really good month for me didn't
7. 0:18take too much risk and was just shy
8. 0:21of making six figures in a month
9. 0:24so i'm pretty happy with my trading and
10. 0:28execution
11. 0:31average loss of 351 dollars
12. 0:35and my average gain was 1370
13. 0:40so i'm trading with that high risk to
14. 0:42reward
15. 0:43ratio biggest loss 1300
16. 0:47which is smaller than my average gain
17. 0:50so you'd love to see that and my biggest
18. 0:53profit
19. 0:54was just under 34 grand
20. 0:58making up around one-third
21. 1:02a little bit less of my total month so
22. 1:05still
23. 1:05two-thirds of my gains came from
24. 1:08showing up every day and executing on
25. 1:12low risk high return trades
26. 1:17overnight fees and borrow fees on the
27. 1:19lower side compared to the previous two
28. 1:21months
29. 1:23of june and july where i was spending
30. 1:26you know 3k and 4k so
31. 1:31as you can see just not trading as much
32. 1:34had less trades
33. 1:35overall and other than that
34. 1:40my two red days very minimal where
35. 1:43i just didn't see too many things maybe
36. 1:45i took a few trades and it just resulted
37. 1:48in break even
38. 1:50but none of these days i was really down
39. 1:54um actually on this state the 25th there
40. 1:57was another runner
41. 1:58gp vrf
42. 2:01or something like that but recently
43. 2:04changed tickers to
44. 2:06gp that was on a multi-day otc run
45. 2:10and i ended up shorting it at the open
46. 2:13and that was my previous
47. 2:15best trade of the month where i think i
48. 2:17locked in around
49. 2:189000 in the first 15 minutes and then it
50. 2:21came back
51. 2:22and i shorted the bounce before getting
52. 2:24squeezed and losing around
53. 2:26half of the profits that i made on that
54. 2:29so that was a pretty big mistake that
55. 2:33you couldn't see on paper
56. 2:35but other than that
57. 2:38really wasn't getting too upset with
58. 2:41anything else
59. 2:44to get into my monthly review now
60. 2:50lcdx my best trade of 34 grand with a 66
61. 2:56return and that was just in a few hours
62. 2:59and i will explain this trade in detail
63. 3:02and it was just like a ticker
64. 3:04last year that i'll get into but you
65. 3:06really don't see these kind of
66. 3:07opportunities
67. 3:08often and i feel like i talk about
68. 3:12short trades all the time on my monthly
69. 3:14reviews so i'm gonna
70. 3:16try to go over some longs aoyi was
71. 3:19actually my second best trade and it was
72. 3:21a long
73. 3:22and then i'll go over my rlftf
74. 3:26log here and
75. 3:30that's about it gldlf was also
76. 3:33just like rlftf nearly the same exact
77. 3:36trade
78. 3:37and thesis and
79. 3:42here are my stats on the right side
80. 3:46otc trading about 75 percent
81. 3:51last three months have been very otc
82. 3:53dominant there hasn't been too many
83. 3:54nasdaq's
84. 3:56runners ever since the kovitz stocks
85. 3:58started to create their daily backsides
86. 4:01and sell off
87. 4:03there really hasn't been too many
88. 4:05multi-day runners
89. 4:06which is okay because otc otc has still
90. 4:10been good and that's what's great about
91. 4:11being a versatile trader is
92. 4:14if one strategy isn't super hot there's
93. 4:17always another strategy
94. 4:19out there that is likely working you
95. 4:21just need to be adaptable to the market
96. 4:24and what helps you be adaptable is
97. 4:26tracking your trades day in and day out
98. 4:29and analyzing your stats of what
99. 4:32patterns are performing the best
100. 4:34i'm not a big believer in tracking
101. 4:38the data of how the stock plays out
102. 4:41throughout the day
103. 4:42i'm more of a believer in tracking your
104. 4:44own performance
105. 4:47based on the patterns but of course if
106. 4:50you are
107. 4:50new it could really help to just track
108. 4:54the data of the stocks and then kind of
109. 4:56see if you can develop an edge within
110. 4:58that
111. 4:59but then it all comes down to you if
112. 5:01you're not good at the pattern
113. 5:04then it might just not be for you for
114. 5:06example
115. 5:07if you want to get up pre-market and
116. 5:09short
117. 5:11prs on nasdaq's and
118. 5:14these gappers if you're on the west
119. 5:17coast that's probably going to be very
120. 5:18difficult because
121. 5:20you have to be getting up super early at
122. 5:223 4 5 a.m
123. 5:24to get there for early pre-market get
124. 5:27your locates
125. 5:28do all that and that could be really
126. 5:30tough because you're groggy in the
127. 5:32morning every night or
128. 5:35every morning something like that so it
129. 5:38really all just
130. 5:39depends on your situation for me
131. 5:42i like otcs because they stay
132. 5:45trade smoother in my opinion so
133. 5:49for me that's kind of where i stick with
134. 5:52if
135. 5:53otcs are hot i'd rather be trading them
136. 5:55than nasdaq's
137. 5:57but if there's no otcs i will adapt and
138. 6:00trade nasdaq
139. 6:03my long wind percent with a 61 and my
140. 6:06short with this 73
141. 6:08which is a little bit higher than normal
142. 6:10and my overall win percent with a 65
143. 6:126 a couple percent higher than usual and
144. 6:15that is just simply because i took
145. 6:17less trades i i
146. 6:21went out there not expecting to make too
147. 6:23much
148. 6:24this month just remembering based on
149. 6:26last year
150. 6:27there wasn't too many trades last year
151. 6:31in august i think was probably the
152. 6:33slowest month of the year
153. 6:36so i kind of went in expecting that it
154. 6:39was going to be slow
155. 6:41and this month to start it is september
156. 6:447th it is labor day
157. 6:45it's a monday the market's off i went
158. 6:48into september kind of expecting for it
159. 6:50to be hot
160. 6:51and so far i've taken a lot of trades
161. 6:54and
162. 6:54i haven't really gotten too far and i've
163. 6:56had to deal with a lot of frustration
164. 6:58because i'm expecting for it to be hot
165. 7:00i'm coming off the 57 grand week
166. 7:03and i want to keep on pushing pushing
167. 7:06but if i just took the approach
168. 7:08that i did in august where i was just
169. 7:11simply trading and i was waiting and
170. 7:12then when the a plus opportunity came
171. 7:15i was able to capitalize on it with very
172. 7:17little stress i
173. 7:18don't think i was down on this position
174. 7:20at all i went short and it basically
175. 7:22just went straight down
176. 7:24and i was just waiting for it to come to
177. 7:26me i wasn't forcing the trade where
178. 7:28this month um in september so far i was
179. 7:31forcing
180. 7:32a little bit so it's good for me to
181. 7:33review this month
182. 7:35and kind of see that i was just hitting
183. 7:39all these singles and then once
184. 7:42it got hot then i'm sizing up here
185. 7:44towards the end of the month once i'm
186. 7:46seeing
187. 7:46the ideal plays and all it takes is a
188. 7:49week to make your month
189. 7:51and you obviously know when your
190. 7:54setups are hot because there's just so
191. 7:57many stocks that you start missing so
192. 7:59many because
193. 8:00there's so many things to trade but when
194. 8:02you go looking
195. 8:04for trades that's probably when it's
196. 8:06slow
197. 8:08so my average winning r like i was
198. 8:11saying
199. 8:12my risk to reward ratio was great coming
200. 8:14in almost out of
201. 8:154.4 x my average loss
202. 8:20and my profit factor with the 7.43
203. 8:23making seven and a half times my money
204. 8:28that i put up to risk and i lost
205. 8:32so really really good stats
206. 8:36and now we can get into some trades
207. 8:40i will probably briefly go over lcdx
208. 8:44here
209. 8:49so lcdx was an otc that really didn't
210. 8:52have
211. 8:53much chart history trading as low as 25
212. 8:57cents here
213. 8:58back last year um
214. 9:02gave back all of its gains here when it
215. 9:04ran
216. 9:06all the way from a buck back down to 50
217. 9:08cents
218. 9:10so i first started trading it this day
219. 9:13or actually no i traded this day first
220. 9:14got my radar this day when i had the big
221. 9:16green
222. 9:17uh candle and i ended up going short
223. 9:19this day
224. 9:20from the 120s down to 80 cents for a
225. 9:23nice gain and then i kind of lost track
226. 9:25of it because there was other things
227. 9:26that i was trading but
228. 9:28you know the wicks here there was a
229. 9:30buyer started kind of going up a little
230. 9:32bit
231. 9:33and then it came back on my radar this
232. 9:34day when i was breaking out
233. 9:36and i considered it as a long trade
234. 9:40as it was breaking this two dollar level
235. 9:44but it was restricted at a lot of
236. 9:47brokerages
237. 9:49and you couldn't trade it especially for
238. 9:51me at my e-trade broker you actually had
239. 9:53to call in
240. 9:55the order so that just makes it a little
241. 9:58more sketchy to me
242. 10:01and then as it keeps going now it's
243. 10:05becoming a
244. 10:06very high watch this day because now
245. 10:09we're
246. 10:09up from the mid ones now we're up to the
247. 10:13three so i'm getting
248. 10:14really excited for this short
249. 10:17and you know i wasn't expecting this
250. 10:20i was expecting maybe a pullback to two
251. 10:23bucks from three
252. 10:25i thought i could make um about a dollar
253. 10:27a share
254. 10:28once it went red once it was having its
255. 10:30first red day
256. 10:32but we kind of gapped up
257. 10:35this day which was surprising to me i
258. 10:37thought we were actually going to gap
259. 10:38down
260. 10:39after this big wick candle kind of
261. 10:41reminded me of this candle
262. 10:42with the same kind of wick and it was a
263. 10:44third green day and you see a lot of
264. 10:46these
265. 10:47have a first red day after three green
266. 10:49days but
267. 10:50surprisingly we gapped up and we went
268. 10:52parabolic all the way to
269. 10:53640 and that's when i got really
270. 10:57interested in this stock so let's dive
271. 10:59into
272. 11:02a 15-day
273. 11:05five-minute chart
274. 11:12so this was the day i went parabolic all
275. 11:15the way from 380 to 640
276. 11:17and this was when i was trading gpr vf
277. 11:20and i wasn't really watching too much
278. 11:22because i knew that was very bullish i
279. 11:23didn't want to short
280. 11:25but once it started going sideways here
281. 11:30as you can see it was making this tight
282. 11:32range
283. 11:35i got interested in potentially shorting
284. 11:38this
285. 11:38if it cracked to the downside because
286. 11:42it had a clear tight risk to reward
287. 11:46um stop loss level where
288. 11:49i could short the support crack and risk
289. 11:52the top of this channel
290. 11:55so that was kind of my idea so i was
291. 11:56watching it up on my screen
292. 11:59and then all of a sudden otc markets
293. 12:02alerted me to um
294. 12:06get it getting a caveat empty door which
295. 12:09i'll explain in one minute here
296. 12:13so here is the caveat emptor policy
297. 12:17this basically means to me that the
298. 12:20stock
299. 12:21is getting flagged for fraud
300. 12:24right here we go we got promotion
301. 12:27investigation of fraud or other criminal
302. 12:30activities suspension or
303. 12:31hall is possible undisclosed corporate
304. 12:34actions
305. 12:35and it basically just means that this
306. 12:38stock
307. 12:39is very scammy
308. 12:42and i saw that notification go off as it
309. 12:45was cracking support
310. 12:46and i was planning only to short maybe a
311. 12:49few thousand shares
312. 12:50and then add if it starts working but
313. 12:53once that came out i changed my plan
314. 12:56and i got short at 5.35 with 10 000
315. 12:59shares
316. 13:01and i was risking this 545 level so i
317. 13:04was risking about
318. 13:06a thousand on this trade and
319. 13:10all of a sudden it just it snaps
320. 13:13and now it's showing me it's really
321. 13:15starting to work because
322. 13:16people are starting to see the news and
323. 13:20it's very rare for
324. 13:21the ce to come out
325. 13:24in the middle of a day so the ce came
326. 13:26out in the middle of the day
327. 13:27of the day and a lot of brokerages
328. 13:31also restricted people from buying the
329. 13:34stock because
330. 13:34it came out um with fraud and brokers
331. 13:38don't want you buying stocks that are
332. 13:39fraudulent
333. 13:40so only people could sell and actually i
334. 13:43got
335. 13:44really lucky with my broker because they
336. 13:47were
337. 13:48not letting me trade it no route was
338. 13:50accepting my orders
339. 13:51but um when i went to short here a route
340. 13:54was working fortunately for me
341. 13:56and then like i don't know 30 minutes
342. 13:59later i
343. 14:00couldn't cover because there was no
344. 14:02routes working again
345. 14:04which was fine with me because my plan
346. 14:06was to
347. 14:07swing this and
348. 14:11i could always call in my orders so it
349. 14:14really started working and really
350. 14:16started crashing um as it went green to
351. 14:18red
352. 14:19here i was already up um
353. 14:23pretty much 20k as we're going red here
354. 14:27and just absolutely insane downside all
355. 14:31the way down to a
356. 14:32buck um i actually covered a little bit
357. 14:35too early
358. 14:37i covered at 1.80
359. 14:40just because it was down so much and i
360. 14:43really didn't want to sit through
361. 14:44a big balance all the way up into the
362. 14:46threes
363. 14:47but on my best trades i always usually
364. 14:50leave
365. 14:50profits on the table because my big
366. 14:53trades i'm really right
367. 14:55and it's hard to capitalize on
368. 14:59all of the move
369. 15:02and also one more thing that i want to
370. 15:05note
371. 15:06was this
372. 15:10three dollar level was
373. 15:13almost like the same kind of
374. 15:15neutralization
375. 15:16price action where it's just going
376. 15:17sideways and then once it breaks that
377. 15:20level
378. 15:21you know we get that huge move so when
379. 15:24it starts going sideways
380. 15:26here i can kind of compare it to this
381. 15:28action right here
382. 15:29and once it chose its rate or uh
383. 15:33its price action that it was going to
384. 15:35perk to the upside
385. 15:36we got that massive follow-through so
386. 15:38once this chose
387. 15:40that it was going to
388. 15:43um have a support crack to the downside
389. 15:46i also expected for it to be a pretty
390. 15:48big move
391. 15:50and with it getting the ce
392. 15:53that even adds more conviction to my
393. 15:56trade thesis
394. 15:59that's why this was very rare this isn't
395. 16:01going to happen every day
396. 16:03but fortunate for me i was ready i was
397. 16:06prepared
398. 16:08and i was one of the few traders who
399. 16:09capitalized on
400. 16:11this um amazing amazing opportunity
401. 16:16to short sell
402. 16:20now to get into aoyi
403. 16:24this was one of my best long trades in a
404. 16:26while
405. 16:27made almost 7 000 on it
406. 16:31it was a penny stock trading at 2 cents
407. 16:36so we'll pull up a chart here aoyi
408. 16:42let me just correct this here sorry guys
409. 16:46but thinkorswim sometimes does that
410. 16:50funky prince but this was a stack i was
411. 16:53watching for a while
412. 16:55because it was a massive runner
413. 16:58last year
414. 17:02where it had this three cent breakout
415. 17:04and went all the way up to seven
416. 17:05in one day and with massive volume back
417. 17:08then
418. 17:0980 million shares was a lot now that's
419. 17:12nothing but this was a great breakout
420. 17:16and one of my best trades last year so i
421. 17:18remember the ticker
422. 17:19and you know it faded all the way back
423. 17:21down
424. 17:23and then it started popping up again as
425. 17:25i started putting out press releases
426. 17:27of electric vehicle
427. 17:31press releases didn't really read too
428. 17:34much into it but all i knew
429. 17:35all i knew was that they were trying to
430. 17:38pump it with electric
431. 17:39vehicle sector trying to get some
432. 17:41momentum off of tesla
433. 17:44and i actually bought it this day here
434. 17:48and added into the breakout when it
435. 17:49gapped up this day
436. 17:51over this 1 9 level
437. 17:54and i took a loss and i kind of was a
438. 17:57little bit frustrated because i felt
439. 17:59like this should have worked this daily
440. 18:00is very intact it was in a hot sector
441. 18:03it had a a press release and it just
442. 18:06failed
443. 18:07so i took my loss and i moved on but i
444. 18:09was keeping it on watch
445. 18:11because i knew the sector
446. 18:14was hot
447. 18:17and as it was kind of consolidating near
448. 18:19the lows
449. 18:22i was kind of confused um
450. 18:25this day here when the big volume did
451. 18:27come in because it was
452. 18:29so far near its lows but if we pull out
453. 18:33uh if we pull up a 15-day
454. 18:38five-minute chart again
455. 18:42we can see that massive volume came in
456. 18:46to this stack and it immediately popped
457. 18:48on my radar as you can see here
458. 18:5150 million shares almost in 15 minutes
459. 18:54which is just an absurd amount of volume
460. 18:57so for me as long as it could
461. 18:58consolidate under that
462. 19:00two cent breakout level for long enough
463. 19:03i would be interested
464. 19:04in going long again
465. 19:08so it dipped and was holding midday here
466. 19:13i wasn't getting involved
467. 19:14but once we kind of broke this down
468. 19:17trend right here
469. 19:18once we broke this down trend i got long
470. 19:20um some shares
471. 19:22into this one eight and i wanted to make
472. 19:25sure that i wasn't just
473. 19:26adding in the strength randomly so i
474. 19:28made sure
475. 19:29to always be adding on dips so i was
476. 19:32adding on the dip here i was adding on
477. 19:33the dip
478. 19:34and i kind of started in my wrist based
479. 19:37on this one
480. 19:38six but as we keep holding here and it's
481. 19:41going later into the afternoon
482. 19:43i move my risk up a bit to the one
483. 19:46sevens
484. 19:49and then once we got that breakout
485. 19:53over two cents here i added in a bunch
486. 19:55more
487. 19:57and then i just sold along the way i
488. 20:00sold some into the two twos
489. 20:02just because i had taken a lot of size
490. 20:05and if it did dip dip back down i didn't
491. 20:08want to be selling
492. 20:09um there i'd rather sit through dip so i
493. 20:11was selling some into the pops up here
494. 20:13and then we got this huge speed up
495. 20:15candle
496. 20:17um kind of randomly here from two two to
497. 20:19two five
498. 20:20so i kind of took that as okay that's
499. 20:21probably the speed up
500. 20:24and unfortunately i sold all my shares
501. 20:26into this two
502. 20:27five which is still great from one eight
503. 20:29to two five as my best
504. 20:31buy and sell but the stock ended up
505. 20:35continuing
506. 20:36all the way to five eight so i left um
507. 20:39i don't even know how much probably
508. 20:41about uh 40 grand
509. 20:43on the table if i had perfect execution
510. 20:45with the size that i was trading
511. 20:48but that's not that wasn't really my
512. 20:50plan my plan was to sell into that speed
513. 20:52up and this was at speed up
514. 20:53for me and i should have considered
515. 20:58potentially rebuying it down into the
516. 21:00support level into the close
517. 21:02because it didn't truly have that
518. 21:04parabolic move and it was a hot sector
519. 21:06closing near its highs um but all i
520. 21:09could remember was last time
521. 21:10that it dumped after the big breakout
522. 21:14day
523. 21:14and we were up almost 100 100
524. 21:18even more than 100 150 i think percent
525. 21:20so i didn't want to swing overnight
526. 21:22but i did end up leaving a lot on the
527. 21:26table i did not really trade it too much
528. 21:27this day
529. 21:28i think i bought some dips on the back
530. 21:30side just for some scallops but
531. 21:33hopefully i can do better next time my
532. 21:35thesis was there
533. 21:37it was one of the best otc breakouts of
534. 21:40the year in my opinion
535. 21:41because of the massive volume
536. 21:45and the hot sector and the whole cent or
537. 21:49two cent the whole breakout it wasn't a
538. 21:52random number it was
539. 21:54you know a double top and we had created
540. 21:57a nice support level on a press release
541. 21:59so basically had all the things that i
542. 22:01look for
543. 22:02when i want to buy an otc breakout
544. 22:05and this is great for small accounts
545. 22:08where you can really see
546. 22:10you know massive gains if you're buying
547. 22:12it down here in one eight to two cents
548. 22:14and you're selling it
549. 22:15up in the forest here you know into this
550. 22:17morning spike or this morning spike
551. 22:19maybe you last till six
552. 22:22and that would just be a phenomenal 200
553. 22:24percent gain
554. 22:25over you know six seven hours of market
555. 22:28time
556. 22:32rl ftf is another one
557. 22:36that i want to talk about here
558. 22:39a long trade for 2000
559. 22:42and this has been a great otc
560. 22:47up from five cents at 95 and it's still
561. 22:50holding its gains very nicely here
562. 22:53um kind of creating this this wedge on
563. 22:56the the daily so i'm definitely still
564. 22:57watching it too as well
565. 23:00we'll have to see which way it decides
566. 23:02to to perk but it's a little tricky
567. 23:04because
568. 23:06this stock trades in switzerland
569. 23:10so that's why you see these gaps are so
570. 23:12crazy
571. 23:14to both sides
572. 23:17but after this massive run here
573. 23:20i was watching it for the first dread
574. 23:23day
575. 23:24and unfortunately there was no
576. 23:27routes working to short it for the first
577. 23:31red day so i was watching it for the
578. 23:32dip buy and now i will pull
579. 23:36up probably a 30-day chart
580. 23:40five minute
581. 23:44so this was the first red day after the
582. 23:48big day right this was the day it went
583. 23:50to 95
584. 23:51this is the first red day right here and
585. 23:55basically how i played this was not as
586. 23:59in otc panic dip by where you see red
587. 24:01red red red red red and then the green
588. 24:03and the bounce
589. 24:05as you can see this was red sideways
590. 24:08more drop more drop
591. 24:11and then i started getting interested in
592. 24:14it dip buying it
593. 24:15around this 50 to 60 area and i actually
594. 24:19took my first
595. 24:20entry around here in the 56 57 58 and i
596. 24:26ended up selling into this
597. 24:2762 pop it just didn't bounce as high as
598. 24:30i thought
599. 24:32so i thought it potentially could go
600. 24:33lower and that's what happened
601. 24:35it went lower and
602. 24:38this dip by i mean the thesis is simple
603. 24:42if you guys
604. 24:43look uh at the previous day support at
605. 24:4655
606. 24:47of how well it held it was a top here
607. 24:49bottom bottom bottom
608. 24:52and now since we're down from 80 to 55
609. 24:55in the first you know hour and a half
610. 25:00i'm gonna treat it as the mark crook
611. 25:03um did buy on former runners where he
612. 25:06likes to dip by around
613. 25:0711 o'clock and he looks for a bounce to
614. 25:10view up
615. 25:11so that was my thought process on it and
616. 25:14i ended up getting long
617. 25:16um maybe like 30 000 shares of 55
618. 25:20and i ended up getting a really nice pop
619. 25:23all the way to
620. 25:2565 and i just ended up selling my shares
621. 25:28all along the way because
622. 25:30i wasn't trying to trade it perfectly
623. 25:33because i wasn't
624. 25:34at my computer but i ended up just
625. 25:36making you know a couple grand just
626. 25:39buying the dip into support and selling
627. 25:41into
628. 25:42the pop back up and as you can see i
629. 25:44mean this thing bounced all the way from
630. 25:4655
631. 25:46back to you know 80 just a phenomenal
632. 25:49bounce
633. 25:49to take advantage of almost easier than
634. 25:51this first backside price action where
635. 25:53it's almost
636. 25:54a bit more straight up so that was my
637. 25:58thought process there
638. 26:00pretty similar to geodlf which was
639. 26:03another one i was talking about
640. 26:05where this one started its uptrend from
641. 26:09170
642. 26:10got all the way up to the 270s and was
643. 26:13having its first red day here
644. 26:15made a double top and unwound
645. 26:19and this unwound right into close to
646. 26:2211 o'clock two where this one's a little
647. 26:24bit more straight down
648. 26:26but still you can see i had a choppy
649. 26:28candle here
650. 26:30and i ended up just getting long into
651. 26:33the support level
652. 26:34from a couple days ago just right here
653. 26:37great level of support where it really
654. 26:38consolidated
655. 26:40and we got the bounce from two three all
656. 26:42the way up to two six
657. 26:43and then into the two sevens so
658. 26:47great bounce here as well and that's
659. 26:50kind of a pattern i've gotten a lot more
660. 26:51familiar with
661. 26:52this year is just buying these um
662. 26:55panics when they're on their first red
663. 26:57day because i am
664. 26:59primarily a short seller so i'm usually
665. 27:01covering
666. 27:02into this weakness and i usually can
667. 27:05find when
668. 27:06okay this is probably the bottom i
669. 27:08usually cover way too soon too
670. 27:11i'm probably covering you know all along
671. 27:12here and
672. 27:14uh if it keeps going down past my covers
673. 27:17i'm usually starting to watch it for a
674. 27:19dip buy because it's most likely going
675. 27:21to have a bounce because
676. 27:22it's straight down
677. 27:26and now to talk about a couple losers on
678. 27:28the month i want to talk about gmgi
679. 27:32oops
680. 27:37so this was a stock that i had been
681. 27:39watching for a while
682. 27:40um it's been up trending for a while and
683. 27:44this day it had a huge crash from 7 to
684. 27:47three bucks
685. 27:50and i missed it so
686. 27:53i had some fomo and
687. 27:56i wanted to short the bounce right so as
688. 27:59you can see
689. 28:00it dumped here but one thing that you
690. 28:01need to notice is the volume that it
691. 28:04dumped on was so minimal
692. 28:06right this is hardly any shares being
693. 28:08dumped and that's something you need to
694. 28:10watch out for
695. 28:11whether it's a nasdaq or an otc is these
696. 28:13promoters and these manipulators take
697. 28:15advantage
698. 28:16of dumping them on light volume to shake
699. 28:19out
700. 28:20longs to get shorts involved and this
701. 28:22ended up having
702. 28:23a big bounce and since i missed the
703. 28:27short
704. 28:27i really or since i missed it this
705. 28:30collapse i really wanted to short it and
706. 28:31it was a slower day
707. 28:34so i got short in the 550 somewhere here
708. 28:37um and it was just so liquid the fills
709. 28:38were really hard and then i ended up
710. 28:40folding
711. 28:41and it was just absolutely gross
712. 28:45i ended up cutting saab and then
713. 28:46re-adding up here and then covering down
714. 28:48here and i just ended up losing like a
715. 28:50grand
716. 28:51um terrible trade it was so liquid and
717. 28:54it was just a lot of fomo
718. 28:55so one thing you really need to watch
719. 28:57out for is those
720. 28:58light volume sell-offs and if you miss
721. 29:01it you miss it
722. 29:02and the bounces always come back way
723. 29:05harder than you think
724. 29:06so i did a good job minimizing there
725. 29:11something i don't really want to put
726. 29:13myself in a position of again just
727. 29:14because it was super annoying and
728. 29:16frustrating
729. 29:19and then another trade i want to talk
730. 29:20about is cydui
731. 29:24um which was my biggest long loss of the
732. 29:27month on the 19th here
733. 29:28so if we look at a chart this is the
734. 29:3119th
735. 29:32right here where i'm going long
736. 29:35and for me i was having a lot of fomo
737. 29:39because
738. 29:40this stock had downtrended from 480 to
739. 29:42270 and for anyone that knows cyd wise
740. 29:45my baby and i missed out on all this
741. 29:47so i was having a little fomo to make
742. 29:49some money on
743. 29:50this volatility that i was creating and
744. 29:53i saw that it was coming into this
745. 29:54massive support level of three and then
746. 29:57this day
747. 29:58they released a pr and it was getting a
748. 30:00small gap up
749. 30:02so let's dive into an intraday chart
750. 30:04here
751. 30:06um 20 days should be good for uh
752. 30:10five minute
753. 30:14so yeah this was the day that created
754. 30:16its low and then this is the day that i
755. 30:18went long
756. 30:18so it was slightly gapping up and
757. 30:22i thought that since it was gapping up
758. 30:23on a press release that
759. 30:25it was going to gap up and it was just
760. 30:26going to have a big morning spike
761. 30:29and i was trying to load as many shares
762. 30:30as i could possibly into the stock and i
763. 30:33ended up top ticking it with
764. 30:35you know 14 000 shares from 15 000
765. 30:37shares from 315
766. 30:39and it just dumped and i was in other
767. 30:41trades at the open too
768. 30:43so i was trying to cut my loss here i
769. 30:45didn't even get out of all my shares i
770. 30:47think i had still a few thousand left i
771. 30:48just had a cut
772. 30:49somewhere down here but it just shows
773. 30:51that
774. 30:53i was trying to predict instead of
775. 30:55reacts into the price action whereas if
776. 30:58i just
777. 30:59started in a couple thousand just to
778. 31:00keep it on watch and then
779. 31:02added as it started taking out you know
780. 31:04the open price of 315 it didn't even
781. 31:06break this
782. 31:06resistance uh didn't even break this
783. 31:08resistance level it just started buying
784. 31:11and you know it did end up having its
785. 31:14big balance all the way to 390.
786. 31:16eventually and another thing to note too
787. 31:19on this daily chart is
788. 31:21see why dy takes its time to make moves
789. 31:24right
790. 31:24it takes its time to fade off it takes
791. 31:26his time to create a bottom
792. 31:27and pop cyd why there is usually no
793. 31:31rush because it takes its time on the
794. 31:34daily chart to really develop
795. 31:36its backside move or frontside move
796. 31:40so just something to note there
797. 31:44that's basically all i got for you guys
798. 31:46on this recap
799. 31:48like comment and subscribe and stay
800. 31:50tuned for
801. 31:51my september recap i'm going to try to
802. 31:53take
803. 31:54the mindset i used this mo this month in
804. 31:58august
805. 31:58and try to apply it to my september and
806. 32:00just slow down on things
807. 32:02because my last three trading days here
808. 32:05haven't been too good
809. 32:07um small red day break evenish day
810. 32:10and then one decent green day
811. 32:13and there just wasn't there hasn't been
812. 32:15too many opportunities
813. 32:16this is today it's off so
814. 32:20i'm just gonna get back to not expecting
815. 32:23much
816. 32:23just wire together some weeks here where
817. 32:26you know maybe i can even take a day off
818. 32:29and just trade
819. 32:30smaller and then wait for that big week
820. 32:32to come to me
821. 32:33and not try to force it so on that note
822. 32:36i will see you guys
823. 32:38at the end of the month for my september
824. 32:39recap