What's up everyone nice day so far we're seeing a lot of these daily breakouts on large cap stocks, a lot of stocks are breaking out of the range and i'm looking for more follow-through on the upside for the large caps stocks like tesla and a couple other Ones that we are watching so, as always we're gon na go over both the winners and the losers on the day. So let's talk about clove first um this one. I took a loss on the long side and then i flipped short on this sticker. You can see this thing.

You know uh sold off on the first day on the june 22nd um third yesterday this thing gapped up, sold off again and slowly grinded back to 1380s near the end of the day, and we had a small gap up after hours from 1380s to 14s and Pre-Market very very perfect timing. They released a brand new press release about their potential expansions and all that stuff. So the news is great and all, but it's definitely very planned out, because after the news spiked the stock, you know spiked to a high of 1520s and at the open, just no bounds whatsoever, spiked a little bit and sold off all the way back to where It came from 1440s and uh. This is where i took some starch alarms, 1450s and then added 14 is here so on an average about 1451, not the best average.

But the idea was that if it reclaims over to v-wap and gets a lot of volume, then i'll add into it and see if it can re-test to 15, but the stock was weak um. All morning no bounces, you can see this thing yeah. I had a small spike um to 16 uh, sorry 1460s, which i didn't sell, because i was trying to wait for more follow and no harsh reject, sold off to the lows and that's why i just cut it. So i lost for about 25 cents per share on the long side and one thing how weak the stock is.

I actually flipped short, so i shorted here um 1450s on a weak little bounce. You can see this bounce was only up to 1460s, so as a small short, i don't like to flip bias too soon, but when i do the second, the the short trade in this case is usually smaller, so this sticker is still red. I shorted it all. The way from 1457 down to 1406 had a small bounce on it.

This is where i actually tried to re-short, and i thinking that this might be a good long. I i had that small long 1420s and no follow through no strength whatsoever. Um. I got stopped out of the reshorts and you can see my short bias on the flip side was actually right, because this thing couldn't bounce couldn't even go back to 1440s um, it just tanked down to previously closed and it's actually red on the day.

So you know this is definitely uh, you know very controlled and the fact that they released the news pre-market to get some volume and to to like dr to pop the stock to 15 and above and it's all, i can say, is very planned out. So, overall, red on this name red on the long side, green on the short side, next one is tesla on the long side. This one is actually my biggest winner on the day. I missed it completely.

Yesterday, it was on our watch list that we were trading yesterday when the stock rallied from 6 30 all the way to 650s yesterday. So that was a 20 point move on tesla today you know you can see the stock gapped up from a previous day. Close of 565.56 to a high of 570., so that's another, almost 20 point gap up, but the thing you need to know about tesla is that whenever they have huge gap up days, you should expect at least 50 retracement off the open. It's really rare that, after a huge gap up um, you know it just keeps on rallying up from five six seventies and continue on to six nineties where it is right.

Now it's very rare. It has done that in the past, but most of the time it likes to dip at the open, um at least 50 retracement. So in that case was about 568 sorry, 668 um and i started trading tesla on the five minute note. It's actually been a while, since i traded tesla um, because it's being stuck in a daily consolidation range from 560s and 640., so it's been stuck there for a while.

So that's why i haven't traded tesla for a while. I, like trading tesla on the huge breakout days. What does that mean? That means, when a stock you can see yesterday was the first breakout day when it breaks above this tight range on the daily, the channel that we talked about five low, 500s and 540s. Being the top when it broke out above the steady resistance yesterday, that's the breakout day so, like i said i didn't trade it yesterday, but i remember that you know tesla could have followed through for multiple days, um same thing on the downside as well.

So that's why today it's on the watch list, i, like this huge gap up um. I want to see profit taking off the open for a 50 retracement, 60 50 60 percent and then buying the dip once it reclaims, overv whopping, add onto it for the daily move upside potentially to 690s and 700s. So i loaned it here. I saw the first little morning push i added onto this little dips.

If you see on the five minutes, you might get chopped out on the one minute or two minute charge on tesla, but for these large cap stocks a lot of times when they are trending on the daily, it's so much cleaner to look at them on the Five-Minute chart, so that's what i was using for my executions. I never looked at the two-minute chart on tesla, so i was adding into the dips added here six seventy-sevens and i re-added even more 6 um 79s. Basically, that gave me an average about 6. 79.

70S. I like to add on the way up, uh as it starts working as it starts, um gaining volume and strength and, as usual like we said, we have a lot more upside to 690s um. I sold some into the high of the the the day. Push 680s and i continued to sell on the way up um i had a decent average and i sold the the most of it at 690s.

I have a very small remaining shares left on tesla and i'm gon na see if they um go up to 700 or even 706s area. Today, very small left. I just want to let it work it's working out really fine. It's now at 6.95, you can see on the five minutes it pulled back.

You know a couple of times on the red candles, but all the little dips. All these wicks are getting bought back up. So that's a very, very bullish sign on tesla um. So hopefully we see 700 today, then that's the place where i'll take the remaining profit on my final position on the long side, but i already locked in most of it by 690s.

Again, i'm buying on the way up, buy high, sell even higher for these large cap stocks and it's okay to buy breakouts on these too. So that's what that's usually something that i would only do for the large caps small caps. I wouldn't i wouldn't do this. So that was a very nice trade on tesla i did trade a couple of small caps on the short side, arav being the first one.

I was thinking that, since this stock was very easy to borrow now, they could potentially squeeze it back to 780s or even eight dollars, so that's kind of where i was waiting, but at the open. I left this thing along thinking that they could trap, trap more shorts and squeeze the back to highs like i had planned, but after seeing a lot of failed spikes, i would look at these on the one and two minute candles on the small caps. A lot of fail, spikes around the 690s and couldn't even touch seven dollars um. So you know i was waiting for the next spike.

You know short into this 670s and this thing just sold off and there were just no bounces whatsoever and uh and that covered um, half of it six dollars and the remaining at six uh, sorry, 589's, and it's pretty much dead. So small caps not a lot of follow-through. So that's the reason i shorted um a-r-a-v um. Next one is m-i-n this one, this one, i you know wasn't that interested unless they can go all the way to 360s and yeah there's a resistance around 330s, but at the time i was kind of watching tesla.

So i missed this initial entry that would have been pretty nice um. You can see uh pre-market, decent consolidation, reclaimed highs, reclaimed. 280S. You know at the open spike from three dollars all the way to 340s.

But if you look at a daily 330 is a pretty decent resistance and above it you have 360s. So that's the reason i was more short, biased on mrin and it's just a stock that has a history of selling off the gap. Ups um. So that's the reason i was more sure what bias, but i i didn't get in around 3 30 and the stock just tanked down to from 320 down to 290s, and at that point you know i i didn't want to short below three dollars.

So i was just gon na leave it alone and i saw it pop back up about um 301s. So i had a small position short and i thought, oh, you know like i might just get 14 cents so after i cover that small position, the stock just tanked down to six uh 260s and even 250s um. So so could i stay longer, but you know i was more focused on other stocks like tesla, so pretty decent trades. Today clove was the one that was very disappointing.

I feel like it was a very big long trap, pre-market with a news release and that he opened just no bounce whatsoever. You can see just sold off from 15 and down to 14. You know 40s, where i got long and lost and it just just couldn't bounce that's hole, so that was definitely very disappointing and just when looking at this chart, i think the stock clov earned the title of no bounds city. I've been getting a lot of questions and requests for these humble trader t-shirts in the youtube comments and also in my instagram dms.

We actually have a soft launch already and you can see these t-shirts on my website. Humbletrader.Com merch store, and so you can see the shirts here and there's other ones like for the right occasions. I'll wear this one, that's short squeeze city and on each of the t-shirts on the back, you have a very, very small but subtle, hd branded logo. The humble trader on the back so that's available in unix, unisex, v-neck and there's also female shirts as well.

So if you're interested, you can check them out on my website, we're gon na have a lot more uh photos coming up as well, and i'm just looking at tesla charts now we're going to uh, 6, 97s and 700 very, very likely today or tomorrow. Hopefully, everyone's staying safe and remember to stay away from stocks that won't bounce like a no-bound cities. Thank you guys for watching and i'll see you guys next time. Hey guys thanks for watching.

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