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We had a market gap up today with stocks like $SKLZ $FCEL $NIO $TDC. Unfortunately a lot of the market open breakouts did not hold. I ended the day red buying stocks like $SKLZ $FCEL $NIO. I shorted $MVIS.
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We had a market gap up today with stocks like $SKLZ $FCEL $NIO $TDC. Unfortunately a lot of the market open breakouts did not hold. I ended the day red buying stocks like $SKLZ $FCEL $NIO. I shorted $MVIS.
Day Trading for Beginners 2021 Playlist: https://bit.ly/31xFUTX
🖥️My Stock Scanners & News feed:
Benzinga Pro FREE 14 day trial (use code "HUMBLEDTRADER" to get 25% Off )
http://bit.ly/2KXeAqH
Trade Ideas Scanner (use code "HUMBLED15" to get 15% Off)
https://bit.ly/3rLAfp2
📉My Trading Broker Platforms:
Cobra Trading: https://bit.ly/3iNLqJq
Best broker for shorting stocks. Get 25% off commissions
🇨🇦Questrade Canada (get $50 FREE commission trades)
http://bit.ly/2GoeUMY
Webull Free Trading app (Get free stocks with $100 deposit)
http://bit.ly/2Lhtd9X
Get My Trading Station Set Up & Favorite Trading Books
https://www.amazon.com/shop/humbledtrader
✅My REAL Social Accounts:
IG: https://www.instagram.com/humbledtrader/
FB: https://www.facebook.com/HumbledTrader
Twitter: https://twitter.com/HumbledTrader18
#daytrading #stocks #stockmarket
DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.
Humbled Trader FAM count: 691,600
Okay, everyone. I have kathy wood here and, yes, we are here to demand some answers to our question: okay, kathy. What the did you do to skills? Why is the stock down from 20 down to 16 and this literally no bounce whatsoever huh? What? What? What did you do? Okay, okay, okay, that's that's enough! No more plant abuse, or else somebody in the audience gon na call peter okay, kathy! You! You stay right. There stay right there, no more, don't go anywhere, no more dumping on my skills.
Okay! No seriousness! A lot of the gap ups and breakouts in this morning just got immediately sold into so i'm closing the day with a small red. I was mostly long biased today on a lot of stocks such as neo, fcel and skills as well. So let's go over some of my losing trades and some of my small winners, so skills is the first stock that i was watching and i was really you know interested in the long side. You know we had a pretty strong green day yesterday and i was hoping that well after some retracement to pre-market levels that will see some follow-through to the upside.
Unfortunately, that just didn't happen. Um i got in starter around 1870s. I even have a small ad about 1840s once that thing stayed heavy. I just cut up com completely, so it took a loss on the long side.
I did try to go in and actually had a small scalp long and then short. So i made money on the short side, but i was still mostly long, biased um, i scaled in shorts around the 17's and they added around 1790s and then we got some nice short down to 17 dollars and i reshored it down here and i tried to Long, the reversal right here, uh starter around 1740s um. You can see. I pretty much got out of this long position flat around the 1740s i got in.
We had a nice little push. I was thinking if we can re-test v-wap and curl over then that's. You know i'll add into the long position again didn't worry. You can see this push.
This breakouts are sold into this thing. Just literally couldn't bounce. It was very heavy, a lot of people selling it a lot of selling pressure. Each bounce was sold into.
We couldn't even touch uh, you know my view up, so you can see this huge rejection, just so heavy small, tiny bounce and then immediately slam right back down to the lows. So i stopped out pretty much break even around 1730s and just left it alone. No not interested in loaning the stock anymore, it's very, very heavy um. I mean the news that drove the stock up yesterday was the arkhamvest.
I think they bought like five million shares of the stock or something like that and that's a reason for the stock to squeeze from 13s up to 19.. Yes, there were some short plays, but you know when i got in on the short side: around 18 i felt like i was chasing the stock short, so even on the short side, even though i did make profit on the short side, i was mostly interesting along And didn't work out, so it was red on the sticker, mostly from the long side and uh. You know i i just i just got ta blame it on kathy over there. So um guess who's, not getting water for the next week, um and technically speaking this. This plant, it doesn't need that much water, i think so. That's the first stock, and next we have fcel this one turned out to be as break even um. I got long on the morning breakout on the dips. Around 90s um.
I even had a small ad up here around tens. I was thinking that we're gon na get a daily breakout to perhaps 11's and 12s. If we stay very strong, i did trim some around here and you can see once it started breaking down and making lower highs and at the time spy was selling off. I just got out of it all of it another false morning, breakout that just didn't hold, which is really unfortunate, but we're just kind of slowly consolidating in these areas, but i'm not interested in the stock anymore, so took the loss on the alongside as well neo.
Now this is the one that's very frustrating um, because i had the right idea again same as you know: f cell right, um, right idea, wrong timing and i got out for a loss again. So this is why i'm saying like a lot of these, you know i'm following my stops and following my risk, so none of the losers were big, but they still added up to a red day right. So but you know i can only follow my plan, follow my risk, etc um. So i got in long same idea as the fcel trade.
It was my setup, so i have to take it strong breakout. You know, or so i thought at the morning along the pullback uh around 39. You know starter, but once that didn't hold you can see yeah, we got. You know a new high to uh 39.
60S. I want to add into it, because i want to build a position on the long side didn't work, so i stopped out took the loss and i tried again another starter stopped out again, and this is where okay third time around that's, where it started actually working. But i didn't get to hold for that. Long got in long starter, same idea.
As my first two trades starter, i added here sold some small and i launched the ad into the the pullbacks. So i added here added here: um by the time market was just it was choppy, so i got out of it. The third trade was a green one, but followed by two small losses on the first two long trades and the stock now is taking off so 240 story of my life. So i'm not happy about this.
But what can you do small loss overall um, this name again on the long side, it's a little bit tough because um a lot. Sometimes when neo breaks out it never comes back and and pull back, and sometimes when you do the breakout and post back card. It keeps on it keeps on kind of you know, selling off harder kind of like what it did in the morning um, even though it did like a you know, breakout, sell off back and then did a double bottom. It was hard to stay in when i've stayed in the the winning long trip when i already took two losing starter trades in the morning um. So that's why i didn't stay that long. My best sale was 39.50 and now the stock is at 40 dollars and 30 cents, but it's okay, like you'll, come back i'll, see another trade on this tomorrow um, it's always better to see a trade you wish you were in than to see one that you Wish you weren't so keep that in mind. That's kind of something i keep in mind, even though i do take losses. My losses are usually a lot smaller than my wins, but not today.
Today is definitely a red day from a lot of small paper cuts and they added up. So this is my only substantial winner today and it's on the short side on m. I um mvis, so this one small gap up from 1250s closed and gapped up to 14s. You can see on the daily.
The chart looks like this there's no company specific news, but this is a stock. I've traded many times in the past. So i know um. You know this stock doesn't usually hold breakouts, so i had a small starter in the morning pre-market on the short side, 1420s added 1380s right at the open.
When i see a lot of selling, i covered all of it around 1350s and item hitting it around 14 and then later on this breakout mode 1470s. I'm scaling into my shorts. It's never in a full size right away. I scale into it once it starts working once that failed breakout holds i scaled a more 1430s and we get another.
Try secondary push that failed and we immediately slammed right back down to 1390s and then later on around 1360s. I did not scale and add back in some smaller shorts around the small bounces 1380s and then 14s, and then i try to hold it all the way down to cover on the way, flush down and add some more small ad. But i was all out around 13 20s. This is the only kind of more substantial winner i have today um and the the only short trade i took.
All the other small losses were on the long side. Now this is a small winner. This is also on the long side, but very small. You can see i never got to scale into it turned out to be a small scalp tdc, so this stock had positive earnings and this thing gapped up all the way to 57s at the open.
You know we identified the key area key support area around like 50 ones, 50 dollars 70 cents at the open. I didn't see it, i didn't. I wasn't really watching it. It was kind of on my side screen because whip sawed a lot but started consolidating around the key level.
Now i i was trading a couple of the stocks, namely fighting skills um. So i got in like a small size, scope. 51. 60S.
Once that key level holds over v wap, we can, i saw the volume, push um and then sold into just tiny, a dollar a shear mo almost not quite uh, but just small size, scalp, the stock ratio. I went to for 53, but it's okay like i was only in small size and i was trying to concentrate on some of the other stocks that i was watching so overall, i'm still happy to see that we have more gappers coming back, but i think today Just a little bit too much too soon, but if you give it time, stocks like neo even after the initial morning, breakout fake out it does come back and reclaim v-wap hold red to green and reclaim and trend up higher. So it's nice to see some strength back in these sectors, i'm hoping for more follow-through tomorrow and hopefully next week, we'll see. I don't want to be too bullish and too optimistic um on this, but uh, hopefully i'll neil. I think we'll get more trades later um, but for stocks like fcel, you can see this thing. Just didn't really come back until later around like 12 o'clock right now, uh again false morning breakout, so i'm ending the day with a small red um. But i have kathy here and that she is very green. Thank you guys for watching stay, safe and i'll.
See you guys next time, hey guys thanks for watching. I hope you enjoyed the video and the bad jokes. If you want to see more day, trading content make sure to subscribe and follow me on twitter and instagram for more. If you'd like to trade with me daily and get my free weekend, watch list and trading journal make sure to check out the links below for more resources.
Stay, green, stay, positive and i'll. See you guys next time.
Great video as always! Did anyone else catch the inverse head and shoulders on $MVIS breaking out during this video? 😂😂😂
good call on sklz. I had a buy set on Monday around 17.30…never hit so I bought at 18.24….sold off around 19.40. should've let it climb more but got stopped out
Can you please say "Stay greeeen" more?
Don't know if this makes a difference to you, but your accent is less strong than a couple of years ago. Thanks for the entertaining and informative videos.
What does "small red" mean? Love how you gotta ensure us it's only small. Lol.
The rich see's economy crisis as a garage sale, that's why investing right now will be the best decision
I have no idea what Shay is talking about but she’s so cute and funny
Hi,are you interested in channel cooperation with tiger securities like WeBull?
What kind of rules do you set up? 2 puts down sell, 3 points up sell?
Sounds like PHEOBE from F. R. I. E. N. D. S 😄👌
Dont be sad sweety angel , your are my best trader forever
Hi,are you interested in channel cooperation with tiger securities,Free stock for account opening😎
You should have got a log and dressed it. It would be punnier!
Love your style.
Me lossing streak for now
But not quiting til my i build my experience
Are you all just fans or wants to do what she's doing cuz that's what I'm tryna do. She looks like she enjoying life
My wife was wondering what kind of plants do you have. She is really getting into the plant deal and I kind of dig it myself, hahah no pun. I know cheesy. Just wondering. And I was red that dy to , but the dumo saved me on some AMZN puts that printed lovely. thanks for your videos. eally enjoy them!
by looking at some of these entries what's your daily plan, to constantly chase? lol
why doesnt your plays match your watchlist?
How can u even predict the movement? Even with news, it is still unpredictable, its just a game of chance, which is as good as gambling? And can u affirm urself that ur analysis is not a way to convince yourself?
I had a solid $2000 day on Friday! Yay. I finally got away for GME. Just done with that! Thanks for all your pointers. Although I mostly like to work long, I did have a couple short wins. I am curious, What is your avg share size when you start and then Scale? I'm sure bank roll will dictate. Also, how many trades do you AVG/DAY? Obviously if I had gone bigger on a day like this, I could have made a lot more money, but just getting my feet under me again after being out of it for many years. I think my biggest scale was up 350-500. Thanks for your excellent info and wish you continued success. ps. MVIS was a big one for me on FRIDAY.
Fcell went ahead and rallied higher on Friday
The rich see's economy crisis as a garage sale, that's why investing right now will be the best decision
That's cathie plant. Not cathie wood 😂
Got followed by a Twitter account posing as you. They tried talking to me about Day Trading. I told them they hadn’t told me any bad jokes. If people are going to fake you, at least tell a bad joke 😂
"It's always better to see a trade you wish you were in, than to see one that you wish you weren't."
I'm going to write it down and always have it in my mind.
Thank you.
I really needed to hear this piece of advice.
They were selling to take profits on the run up in SKLS, imo.
I have seen many instances lately of the Street being able to trade, at will to option points. It seems they have no oversite from the SEC currently and employ some questionable methods evidenced by observing the level 2. It seems that if they want to trade to an option point they employ auto trading and have bids or asks pulled (whatever applies). Today(23rd) look at SNAP for example. They traded SNAP against the market, to the 58.50 options straddle (both sides), and filled the gap, before allowing the stock to rise finally, in the last 11/2 hours of trading. You can make money by not fighting what they are doing, looking at price action on level 2 and seeing the skips. I was trading SNAP on and off all day, just following the direction they were removing positions, I was seeing on the level 2.
How do you find your entry points? In one you show the support and key level but the others you didn’t 🤔 is their a video that specifically explains how you scalp and where you look for entires based off what info? 😯
Hi have you seen (seel) is doing super in the last month Olmos everyday growing 20s 30s or even 40s por day! I love your videos and the great jokes! 🤣
is there a broker like ustocktrade that allows you to short?