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Trading Monthly Recap: June 2020 $184,100 — Transcript

by Jack Kellogg · 6,053 words · 792 segments · language en · Watch on YouTube

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0:00all right what's going on guys Jack
0:03Kellogg here coming at you with my June
0:052020 recap definitely my most profitable
0:09month ever locked in about one hundred
0:12and eighty four thousand dollars and
0:13most of it came from by trading on the
0:1830th and the fourth and the two ticker
0:20symbols were GNU s the fourth and ticker
0:23symbols see ydy the 30th and that was
0:27really a goal of mine coming into this
0:29month was to really scale up on my best
0:33one two three setups of the month and we
0:38just so happened to get two absolutely
0:40beautiful multi day runners out of GNU
0:43essence UID why and I pushed it to the
0:46extreme trying to maximize the
0:48opportunity the best that I could and
0:51that's kind of something that I've
0:54definitely worked on this year is really
0:57just scaling up on what I call my a plus
1:00and my a plus is the first red day short
1:03on multi day extension trying to capture
1:08that first green to red
1:10move and capitalize on that panic of
1:12everybody panicking out it's the the
1:14play that I'm most familiar with and
1:16that's just it for me that doesn't have
1:19to be your best setup your best setup
1:20could be you know a long multi-day
1:22breakout it could be short in d1 cappers
1:25and that's fine but for me specifically
1:28it's my best setup another thing to note
1:32too is I was been doing really good in
1:35May I didn't have any red days over a
1:37thousand but this month you know I
1:40thought I was doing really well here and
1:43then this week I was doing really well
1:46and that's when C ydy was going on its
1:49run and I got chewed up the 26th on a
1:52Friday it was a long week I'd been
1:54trading a lot and I just kind of lost my
1:59my mental focus got a little too
2:01emotionally attached to see ydy and I
2:05was in and out all day getting trapped
2:07you know chasing weakness covering on
2:09strength back and then
2:1229th I took another loss on it but it
2:14was a lot more contained which you know
2:17this loss is fine even this loss it's
2:22not the end of the world because I was
2:24risking that you know to make a profit
2:26like this and you know I told myself 26
2:30that I would be okay losing you know
2:33five thousand ten thousand that most so
2:35when I did hit that that maximum loss
2:37point you know I had to step away and
2:39this was it I can't just keep bleeding
2:43and bleeding and bleeding I need that
2:44that stop where it's like okay this is
2:47my max loss and I had my max loss of
2:50negative ten thousand dollars and now
2:53you know it wasn't great but oh I looked
2:56at as perspective okay I lost
2:58yesterday's games and you know one
3:02seventh one sixth of Wednesday's games
3:05so it didn't set me back you know this
3:08didn't set me back to three weeks of
3:11games right it's just a day or two and
3:14that's kind of what you know got me over
3:17the sauce pretty pretty quickly I was a
3:19little bit frustrated with the way that
3:20I traded but I can handle this kind of
3:24loss in my journey now whereas when I
3:26lost $7,500 on etar I wasn't really I
3:31couldn't lose 25% of my account you know
3:34this number relative now isn't what it
3:37used to be when my account was you know
3:40just thirty thirty thousand you know
3:43forty thousand whatever it was not first
3:44starting and this kind of loss to be
3:46detrimental and yeah it is a lot of
3:50money $10,000 could get you a lot of
3:52things but that's not the way that I'm
3:55looking at I'm looking yadda as that's
3:57part of my process that's what I was
3:59okay risking to make a big profit and
4:04just you know leveling up those are the
4:06losses that you have to get okay with
4:08taking if you want to start trying to
4:09get these massive profits so that's my
4:13little rant there as you can see that
4:17this loss really just destroyed my
4:20average loss again I I thought I almost
4:23had it to around like
4:25300 per per trade but jumped up a bunch
4:30when I took that massive loss on cui do
4:32i and you know but I still did
4:35phenomenal almost $2,000 average gain so
4:40pretty solid stats all around here
4:43nothing really to note I mean my my
4:46daily average gain is about eighty six
4:48hundred dollars which is just unreal
4:50considering I would have been you know
4:53extremely happy with this amount of
4:55blast last year for a month and now this
4:59is what I was averaging per day one year
5:02later so it just really shows how
5:03exponential trading can get once you
5:06really understand your process yourself
5:08and start trusting yourself after having
5:11you know green week after Green week
5:13after Green week
5:13I've been green every single week this
5:16year so you know this is this is what
5:20happened you start scaling if you start
5:21trying to level up and it hasn't been
5:24the easiest process in the world but
5:26there's luckily a lot of traders that
5:29are a lot better than me and I just kind
5:31of asked them questions and see how they
5:32did it so that's my little rant there
5:36let's get into the monthly recap here so
5:41I'm gonna go over probably my best four
5:45or five trades here of the month and as
5:49you can see OTC and Nasdaq about 50/50
5:54again long and short 50/50 which I love
5:56I don't like trading anything to buy
6:00ously we're okay a week were Nasdaq's
6:02huh okay I'm gonna trade the hot Nasdaq
6:04when the OTC saw I'm going to trade the
6:06hollow t see I'm just going to be
6:09weeding in and out and trading the best
6:12opportunity that my edge allows so
6:15depending on what your edge is you need
6:17be picking your best opportunity and
6:20zoning in on that opportunity that you
6:22understand the best win percent right
6:26around the same where it's been a whole
6:27year around sixty four short right
6:31around the seventy long long is pretty
6:33good this month up in this the sixty so
6:36it's usually around the 50s so a little
6:37bit better
6:38I wasn't taking as many degenerate long
6:40trades so I was a lot I was really busy
6:43with a lot of short trades this month to
6:44be honest average winning trade 4.35 X
6:50my average loser this month so that's
6:54just great to be averaging 4x as you can
6:59see the average profit ever lost there
7:01and my prom attacker was an 8.0 which is
7:06great I mean think about this here you
7:08take out that negative 10k day I would
7:10have only lost about $10,000 gross
7:13shortened and I made a hundred eighty
7:16nine thousand so really really good
7:21month of shorting besides that one loss
7:22you know again she sometimes that
7:26boosted up my average shorting lost by a
7:28ton about negative eight hundred with my
7:31average loss on the short side but my
7:32average profit was a few grand so really
7:35that's the first time I've seen that
7:38kind of increase we're here you know my
7:42average profit was about twelve hundred
7:43average loss was about three hundred
7:45here took a few pretty bad losses in
7:52April like I said in April is my best
7:54months so I was about negative six
7:56hundred and this month was about
8:00negative nine hundred and sixteen
8:02hundred average gains so as you can see
8:04it's the best ratio that I've had big
8:09time average winner here and that's
8:11mainly because of these you know a few
8:13trades here where I really scaled up and
8:15those are my a plus setups and then
8:19everything else I'm just trying to come
8:20into the market every day I'm just
8:21trying to hit singles two grand a day
8:24goes a long long way so when there's not
8:27that a plus setup I still know that my
8:29edge allows for me to make one two three
8:33four thousand dollars per day
8:34within the first you know a couple hours
8:37and then trade the last couple hours and
8:39just leave it at that so you just need
8:43to be taking at the market gives you now
8:47I did have this Ino loss here the same
8:51day as you
8:52by D Y that's Y was negative 10,000 and
8:54then negative 2,000 the next day so my
8:57three biggest losses were the the two
8:59days before the biggest gain so I was
9:02getting chewed up a little bit and that
9:05sucked but um look how good I did the
9:09rest of the month right I'm keeping my
9:10losses very small for the first three
9:13weeks and I still had that massive 35 K
9:17win on Jan us so my stats were looking
9:21really good
9:22just keeping lots of really small Tulsi
9:24why do I but C Y D Y that's just what I
9:27had to be risking to make this kind of
9:29money you know what I mean
9:31to be moving that much size because I
9:33was trying to move it takes a lot in
9:35fees and it takes some some and slippage
9:40and just like the little paper crunch
9:41just kept adding up to a decent size
9:44loss so one more thing that I want to go
9:49over here is just these are my top five
9:53best and worst trades throughout the
9:57first six months of the year these are
10:00the top 5 best or worst days and then
10:02the top 5 best in worst weeks so just
10:07some things that I noticed personally
10:09were a lot of my worst weeks like they
10:15happen kind of around the same time so
10:17in April and April here are the days
10:23where I lost right this was four days
10:25after so two two of them pretty similar
10:30to each other and then this was just
10:32three days away so if I do take a big
10:35loss you know one of these days I'm
10:39probably gonna take another big loss
10:40because I'm gonna be emotional right and
10:42as you can see through my data here four
10:45out of my five tree losses were all kind
10:49of similarly similarly around each other
10:51right and then some other things that I
10:57noticed just were a lot of my biggest
11:02gains and biggest losses are the state
11:05like you IDI right biggest game biggest
11:07loss cuz I was risking the most on Stu
11:09ID why it was my a plus setup a PRN I
11:14took a big loss tear but also had a big
11:16gain mrna was my only ticker that took a
11:20big loss on and I never had a big game
11:22and that was because it's really not my
11:26niche set up where I just kind of came
11:28in very undisciplined this Monday
11:30morning and I was just firing shots at
11:32this thing and it wasn't that a plus
11:35setup where I could afford to lose this
11:38much on it because the backside would
11:40have been really good so that sucks
11:45there and that's a good lesson the the
11:48A+ setups I'm okay taking losses on
11:51because I know that they can pay out
11:53once it becomes the back side and they
11:58start to unlined
11:59so this this is like what I'm really
12:03happy with is I'm green every single
12:05week of this first six month period my
12:09top five weeks being over 25 grand and
12:11my top five worst weeks are being
12:15between one and five grand so that's
12:18really good to be able to consistently
12:21make money every single week the markets
12:23been absolutely incredible I'm truly
12:25grateful for all the opportunity that
12:26we've had and then here is just my
12:33overall all my trades on the year
12:36overall P&L about 464 K gross luckily I
12:44have an event to spend too much in fees
12:46this year my short one percent right
12:48around the seventy with three hundred
12:50and eighty six point five K and profits
12:54and my longing around 57 percent win
12:57rate with 78k in profits and then my
13:01profit factor here on the OTC is about
13:061.4 percent better 1.4 better than my
13:11Nasdaq prom factor that's still just
13:12because I just got profitable with
13:14stacks like in February so I've still
13:17been able to do really well locking in
13:20224 K on Nasdaq's and if you asked me
13:23that the beginning the year if I would
13:24be able to be making this kind of money
13:25on Nasdaq's I would have told you hell
13:28no whereas with OTCs I was always where
13:31I grew up and I started making money so
13:33it still is good to have more money
13:36coming from the OTC side especially just
13:39because the C ydy trade if I didn't have
13:41that I think my Nasdaq would actually be
13:44more profits so that's just really crazy
13:47and something it really has to do with
13:50is just a liquidity of the OTC versus
13:52the Nasdaq's where the Nasdaq just have
13:56a lot more liquidity so it's easier to
13:58move bigger size with the OTC s it's a
14:01lot more liquid and it is easier in my
14:05opinion because that's where the worst
14:09companies trade and has the most
14:12predictable price action because of the
14:15way a market makes and all that stuff
14:17but I had reached a level when I was
14:21going long last year where I just
14:22couldn't push the kind of size that I
14:26you know wanted to it wasn't leveling up
14:28anymore kind of plateaued and that's
14:30when I started expanding strategies and
14:33that's when I've got into Nasdaq trading
14:38mostly on the short side and OTC
14:40shorting and that has yielded me a lot
14:44of my profits this year so if I
14:45understand can place him and just
14:47continued along ot seas I would not be
14:50where I am today so it's good to always
14:53be adapting and once you within certain
14:57marks and you see stuff start to plateau
15:00out then escalate into other areas
15:04especially just for the OTC s I know
15:06probably a lot of you guys probably
15:08trade OTCs
15:10they're great and they're great thing to
15:13start on I think they're better than
15:15Nasdaq so start on just because the the
15:18price action and everything but just
15:21never be complacent with where you are
15:22and always be trying to get better and
15:24that's my goal every single day is just
15:26to always be getting better
15:28and always trying to push myself that
15:30extra mile that you know that extra the
15:33extra risk get myself uncomfortable and
15:35just keep trying to grow as best as I
15:37can and you know sometimes it's not
15:39gonna be pretty
15:40sometimes you lose $10,000 in a day
15:42trying to scale up and that just taught
15:45me a lot of lessons and then I used
15:50those lessons to be able to make this
15:52200 our trade just meaning that I made
15:57200 my average loss on the year on this
15:59trade obviously I wasn't risking 300 but
16:04that gave me you know kind of it's not
16:11you can't just scale up and expect to
16:12win every single time because there's
16:13gonna be things when you scale up they
16:15don't expect and a lot of it has to come
16:17to down to liquidity and position sizing
16:20and if you are chasing your size at the
16:22rock points so it's just a lot to kind
16:27of learn but as you as you go your skin
16:30learn about yourself and how you trade
16:35so just kind of performance updates on
16:38the year so after my Big C why do i
16:45trade my OTC first red day setup is just
16:50under 100 K by nine dollars over on the
16:54year listed first red day still my best
16:56set up like as I was telling you guys
16:58the first red day is my favorite setup
17:00and a lot of these trades count also dip
17:04buying on the long side but they're
17:06combined in my short so some of these
17:09are long profits because when I'm
17:11covering I'm buying my position and I'm
17:14over covering getting vlog and I'm
17:16sewing it to the bounce but it combines
17:18as this was short trade but that is my
17:20favorite pattern by far this year and
17:23when I started this thing at the
17:25beginning the year I didn't know I
17:27thought I would have to remove some
17:28patterns that weren't working but this
17:33years just been amazing and pretty much
17:35everything is just worked I'm read a few
17:38a few dollars here and there on just
17:41strategies that don't really take too
17:43seriously this is RHIB now $500 but just
17:48all-around it's just been an amazing
17:49year first half of the year here not
17:53really sure what the next half of the
17:54year is gonna bring but I'm just going
17:57to bring my a-game to the market
17:59everyday and execute on my etch the best
18:02of my ability so now enough of that I'm
18:06sure you guys want to see some charts as
18:07a thought process some of these runners
18:10so GM us was the trade that yielded me
18:19this profit day right here at 44,000 so
18:24let's dive right into that right here so
18:28the stock first popped up in May and you
18:33can kind of see that it started that's
18:35broad and I noticed that this day when I
18:36was gapping up huge and then I think it
18:39was around 9:00 a.m. Eastern free market
18:42they just announced an offering right
18:45after Robin Hood you know started to buy
18:47end and I could just tell right based on
18:50that what kind of stock this was going
18:51to be and this was just really really
18:57toxic stock but it continued to hold
19:01trend you know kind of flagging on the
19:03chart here and then had another ramped
19:08up and I started shorting it some of
19:11these days here and just not really like
19:14kind of just breaking even not really
19:16getting that unwind and then a lot of
19:19people started bashing it saying that it
19:22was a scam in this area and just look
19:25how well a hole it helped
19:26it held perfectly technically as you can
19:29see this being brought up a little bit
19:32and then it just broke out and kind of
19:35came up did another offering this day
19:37right they did another offering this day
19:39and then continued just to squeeze up so
19:42now when we're when we're coming up to
19:44this now I'm starting to say okay this
19:45is an A+ setup like shorts have gotten
19:48blown out here shorts have gotten blown
19:50out here and now like this is the final
19:52blow out in my opinion it's a
19:55your float so this kind of percent
19:57increase is a lot more crazy than if
20:01this a low flow you know was doing this
20:03wouldn't be as as crazy but as you can
20:07see here this day the stock traded 409
20:10million shares and this is what I look
20:14for a lot of the times is something I
20:17called a max liquidity day where it
20:20trades the most volume and it has the
20:22most extension and after if it can gap
20:26up huge after that day and kind of show
20:27weakness in the morning that's my
20:29favorite time is short for this massive
20:31massive dump so that's the daily chart
20:36story and fundamentals behind the
20:38company so now we can get into the
20:40intraday here and I will show you guys
20:42my thought process so here it is right
20:57here as I said this is the max to put
20:59any day right here but we want pretty
21:02much the entire day trading massive
21:04massive volume as you can see this
21:06candle here 5 million shares traded in
21:08this candle really nice pretty strong
21:12all day and then we get that gap up and
21:17that's when I'm looking to take
21:18advantage on the short side and with
21:21these is I kind of like to just dabble
21:26in I took a few pre market paper cuts I
21:30was down maybe a thousand on the trade
21:32on the name and once the market opened I
21:36just started dabbling into this this
21:39area here but no sighs meaningful at all
21:42I have just an unlimited stop-loss on
21:44the shares that I'm dabbling into this
21:46area because I don't know where hi a day
21:47is gonna be I'm just trying to get a
21:48feel for it right you can get a lot
21:51better of a feel fair trade in my
21:53opinion if you're in small and you're
21:55watching it the stock and the tape level
21:57to a lot more closely whereas if you're
21:59watching other things you're not going
22:01to have the same kind of read you do
22:03have on it so after squeezed out
22:08I was just kind of slowly having so size
22:11of here and then once this news came out
22:13that some filing they dropped they were
22:17gonna dilute shares that bad news kind
22:21of came out and then I was looking for
22:23the lower high to start then scaling my
22:25size verse these eleven 70s up here and
22:29you know it's just a simple hard crack
22:31lower high and then I'm just slowly
22:34putting on shares as it continues to
22:37fail and then as its dumping we're kind
22:39of taking some off just in case taking
22:41some off right here just in case it was
22:43a trap because it went down pop back
22:45really quick but then once it confirms
22:48and it rebates this here on full-size
22:51and then we just got the the unwind all
22:53the way down from the tens to you know
22:58the fours and this is my favorite
23:01pattern because this volatility happened
23:03so quickly and it's easy to stay patient
23:04and it's easy stay convicted during this
23:06trade because of the extension and
23:09because of the the velocity and the tape
23:13it's just super heavy it's easy to stay
23:15in the trade
23:16I don't like trading at the breakouts
23:18and I don't because it's just so hard to
23:20hold for the dips where I was when I'm
23:21shorting these moves just happened so
23:23quickly and then I love covering in my
23:27shares and then I love getting long for
23:28the bounce and that's what I did in this
23:30case and I got long for the bounce and
23:32if they're just halting up and then I'm
23:34selling my long in this area too soon I
23:37always sell belong too soon and then I'm
23:40shorting short shorten the bounce using
23:43V WAP as a guide using the resistance as
23:47a guide and sure the bunch and then it
23:51kind of just dumped and got choppy and I
23:53just ended up covering some and then
23:56holding a little bit for here here and
23:58the bounce short usually is not my
24:00favorite thing too short in the world
24:04but that's kind of my mindset on the
24:06trade and I just like taking advantage
24:08of this quick volatility here right
24:10where it's kind of what Tim Sykes
24:14teaches and that's kind of what I what I
24:18know too from the
24:21see market where we get the the huge
24:23dump on the first red day that bounce
24:24and then the bounce Shore and that's
24:27about it where this volatility is just
24:29very predictable right if you guys have
24:32seen the Fannie Mae chart like I want as
24:34something as similar to that as I can
24:37find where it the volatility is straight
24:40up straight down straight up so it's
24:42easy to predict
24:43and this isn't OTC but still look how
24:49good these candles are where they're all
24:52red then they're all green right so it's
24:54easy to follow that trend and stay in
24:57that trade so that's what I got there
25:01for us and then after the study stocks
25:05do their dumps
25:06I like shorting bounces the next day so
25:11just shorting some pre market hovering
25:13on the dips reassuring the pops covering
25:15and just just using the resistance after
25:20it's dead - just keep wallet padding the
25:23stock until it eventually becomes not
25:26volatile anymore right and once it
25:28starts getting into this range here I
25:30mean I'll probably say this day and this
25:33day just start ignoring it and then just
25:40kind of leave it alone and move on to
25:42the next one right I'm not gonna attach
25:44they trying to short this thing all the
25:45way zero I'm taking advantage of the
25:48volatility while it's there and then
25:50moving on right so to my dy let's get
25:56right into it here this stock just first
26:01started popping up here in December and
26:03I first started trading actually this
26:05first green day I started buying it long
26:06and sold out and then the next day it
26:10just skyrocketed and just kept trading
26:13at all throughout this area and I just
26:16continued to get when it started to get
26:18into this area here is when I really
26:21started to get chopped where I think
26:22it's gonna where I think it's going on
26:24the breakout like here here and then it
26:26finally breaks out it's so slow and it's
26:28choppy and the first red day sucks
26:31and as you can see it fades out so this
26:34stock just
26:35really just help and then as you can see
26:38here during this Kentucky saw Dacian
26:41face dips getting bought dips getting
26:43bought dips getting ball all around this
26:45one dollar area and this isn't a high
26:47sector let me remind you this is a co
26:49good stock so when they put out some
26:51some press release it spikes and what
26:53this stock is great at doing is getting
26:55huge gap ups and they basically got a
26:59huge gap up from 130 to the twos and a
27:01huge morning spike and then it really
27:03became a WoW is this thing gonna go to
27:05like 10 right now but it was a huge
27:09market cap so it had to take its time
27:12here really to consolidate really to
27:14trap the shorts and then once again as
27:19you can see the dips keep getting bought
27:21right it dips keep getting bought and
27:23once we kind of break this like flagging
27:28action on the daily here we just start
27:31going on this very manipulative
27:34multi-day run where it's words grinding
27:37up holding Vereen to read every single
27:39day as you can see 1 2 3 4 5 6 7 8 8
27:45straight green days without pulling back
27:48in just the way that ot sees operate
27:51when these things start to panic the
27:53market makers take advantage of all the
27:55cell's coming in and they down tick as
27:57much as they can and they really make it
28:00panic and it's very advantageous to be
28:02on the short side during these because
28:04there's just so much panic and that's
28:06where you want to put yourself right
28:07isn't that that quick panic move like I
28:12was saying it's very hard for me to buy
28:13this in stay patient but this huge move
28:16here I like on the short side because it
28:19just dumps so quick so let's get into
28:22the intraday here
28:33so as you can see it starts its little
28:39run here at 3:20 and it breaks up this
28:44day and it just kind of keeps holding
28:46together right it's having some weird
28:48action I actually put on a swing trade
28:53long like this is how good this stock is
28:56that's shaking out right sorry guys the
28:58charts a little broken so this day is
29:01when it broke out I put on some swing
29:03trades around this area and then they
29:05dip it and then they shook me out right
29:06there at the dead Bob and then it comes
29:08back and then it starts coming on this
29:11Green Day run okay now it's going
29:13sideways just very manipulative from the
29:16stock to be able to hold this kind of
29:18channel all day and then they gap it up
29:22and they get a little action on it this
29:24day little morning spike I'm pretty sure
29:26I actually started shorting it here to
29:28stay right this was the first day that
29:30was interested because it was on a
29:31multi-day green run and I started
29:33shooting this in the 450s and I didn't
29:37take a loss on this day and then the
29:39next day it got really volatile really
29:42fun and really started perking my
29:43interest and I was shorting some of
29:46these parabolics when it would go
29:49straight up like here I was shorting
29:52these turns here for some sense and it
29:55was good because I was getting great
29:56fills and I was taking advantage of some
30:00quick money and I was patting my wallet
30:03getting convicted on the trade and
30:05unfortunately this was the day that I
30:08got smoked right here on Friday where I
30:13know and I know and the XR key which
30:19were also running I put too much weight
30:23on the sector and once this started kind
30:26of failing in this area I was just
30:28taking away too much size into these
30:30these this weakness here because I
30:32thought it was going to collapse with
30:33Ino and VXR tea and frankly it just
30:37didn't collapse with that and it just
30:39ended up squeezing and then
30:42faked out and then it got me again here
30:44into this dip where I'm shorting way too
30:45much sighs and I have to be downsizing
30:48it just it fins up so quickly from 666
30:5280s pretty much really hard to fill any
30:56size if you want to cover and kind of
31:02just comes back and then I'm just
31:04covering I'm resore ting and it's just
31:06very emotional because now it starts to
31:10thin I don't want to miss it right where
31:12you know if I cover it right here and
31:14then I don't want to miss it if it's
31:15gonna go red and unfortunately I just
31:18keep chopping myself out and then the
31:25next day I did really good like I said I
31:28only lost a couple grand on it this day
31:31and I was trading about 15 to 20 K
31:34shares so like maybe a 10 cent loss
31:36overall I took a few stabs at it took a
31:38few stabs in here and then I was
31:40unfortunately full size and I just
31:41ripped it right through high of a and
31:43they got me and then I did a great job
31:45at just avoiding these big dips all day
31:48I said the only way I'm gonna short it
31:51if it goes under this morning low and
31:53then add full size of the green to red
31:55and I stayed out of it and then it
31:57squeezed up and then this was the dump
32:01day here so to get started I was
32:06shorting it in the morning and it was
32:08very frustrating right as you can see
32:10I've been trading the stock for many
32:12dates and I almost gave up on it right I
32:17was almost too mentally drained to
32:19continue to keep trading but I kept my
32:21head in the game
32:22took it up took the loss here and then
32:25this was where it really got me where it
32:27kind of failed 10 and then I scaled all
32:30the way into it all the way down and
32:31they held it again and then I was built
32:36in for about a 5k risk-off 10 and they
32:40just absolutely get me right here where
32:4210 prints start to go through as you can
32:43see the candle hit 10 and I'm in a
32:45situation where I have too much size to
32:47risk slippage where if it can slips up
32:51you know 10 20 cents I'm now taking
32:53double almost double the lost
32:56I wanted to you know an extra extra few
32:58grand loss in slippage and I wasn't okay
33:00with that so right and I started seeing
33:0110 whacks I'm covering and it just
33:07absolutely faked me out right and then
33:08I'm very mentally drained after that
33:10point but I kept my head in the game and
33:13that was key and once it started kind of
33:17going sideways here and started breaking
33:19down a little bit I have to start
33:20joining back in because now this price
33:22action is very very choppy failed high
33:25daybreak sideways price action losing
33:28volume and then start in short here and
33:32then as it's going red as it's going red
33:39around a stimulus like a naughty 80s
33:43right around here
33:45you know I'm scaling all that I can
33:46right here and I'm risking once again
33:50that the Amish area and I got about 15k
33:56shares from 910 and then just absolutely
33:59dumped and I was covering up some on the
34:03dips and then I got long and I sold my
34:06log all the way up into the spike and I
34:08got caught with some shares that I still
34:09had Bob and unfortunately I chased it
34:11down might as my cells down here but
34:14then I rebelled bunch on this candle
34:17here
34:20excuse me I bought a bunch of can a
34:24bunch along right here and then it shook
34:27me out on this candle back down because
34:29I didn't want to take slippage and then
34:30just ramped up and that was very
34:32frustrating because that was about a
34:35dollar share on some decent-size that
34:38just missed but if I was long I'd be
34:42solved there right so what am i doing
34:43I'm shorting so that I'm shorting the
34:45bounce risking the green to left a green
34:49to red area in the 80s and I'm just
34:51slowly scaling in and this is the
34:54highest odds play right after it goes
34:56red and after it bounces the highest
35:00odds play is that this bounce is going
35:03to be met with resistance this bounce is
35:05going to be met with sellers after this
35:06part of the crack
35:07so I'm shorting with a wide stop because
35:12I'm not playing this short cover short
35:14covered as you can see just very choppy
35:16right there in choppy where it's
35:17breaking its breaking these channels and
35:19I'm pulling so it's it's this kind of
35:22game where if you cover here and you're
35:24getting back in then you're covered here
35:25and you're just gonna end up losing more
35:26then if you just stuck with a one hard
35:29stop start stop loss level and then
35:34after the bounce starts failing I had
35:36just a bit too much size so I'm just
35:38covering up all on these dips and I
35:40ended up missing this last Oh a day here
35:41and then now I'm just kind of ignoring
35:44it waiting to see what its gonna do but
35:48that was my month guys and it was really
35:51just those two trades that yielded me
35:53the majority of my month as you can see
35:55over a hundred thousand sheer way over
35:59you know 120 thousand just in those and
36:02then I'm hitting you know singles this
36:03was a good day an htc this was a good
36:06day and I am dby I'm pretty sure and
36:10that's kind of just by mentality now
36:12it's just to take my edge and I'm able
36:15to make pretty much 1 2 3 4 K a day if
36:17this marking and stay up and then once
36:19the big trades come then that's where
36:22I'm trying to push as much as I can
36:25handle and take advantage and you just
36:28need me thinking about liquidity about
36:30the fundamentals about the news and just
36:32taking everything into account and
36:34rating that play sieving that's an A+
36:36setup for you so that's what I got guys
36:40longest video yet hope you guys liked it
36:42like comment subscribe I will see you
36:44guys back here at the end of July let's
36:46see if we can keep it up let's see how
36:48the market does but no no goals just
36:51really to just come in and take what the
36:52market gives me peace out guys

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